美银G10外汇策略主管塔诺斯·瓦姆瓦基迪斯（George Saravelos）表示，该行"最近几周才观察到实际资 金（机构）的美元抛售"。德意志银行外汇研究主管乔治·萨拉维罗斯称，过去三个月目睹"实际资金投 资者大规模抛售美元"。 芬兰Veritas养老保险公司一季度削减了美股敞口，其首席投资官劳拉·维克斯特伦 （Laura Wickström） 指出美股估值过高，并称"对等关税相关的不确定性和混乱沟通，让我们质疑支付如此溢价的合理性"。 丹麦养老基金一季度进行了2022年以来首次美股减持，同时创2018年以来最大规模欧股增持。法国巴黎 银行宏观策略主管萨姆·林顿·布朗（Sam Lynton Brown）测算，若欧洲养老基金将配置降至2015年水 平，意味着抛售价值3000亿欧元的美元资产。 来源：金十数据 投资者抛售美国资产、转投欧洲复苏市场的举动，标志着养老基金等大型机构投资者开始长期削减对美 元资产的巨额敞口。华尔街投行报告称，管理数万亿美元的投资者正开始缩减美股头寸，原因包括特朗 普政策的反复无常、对美联储主席的攻击以及对等关税冲突的余波。 尽管美股已基本收复自上月特朗普加税声明引发的跌幅，但年内仍为 ...

金十数据5月9日讯，美国银行5月外汇和利率信心调查显示，由于各种担忧，国际投资者正在减少美元 敞口，其中包括对美国财政前景的担忧。美银表示，卖出美元已成为"2025年以来最具说服力的交易"， 超过了购买政府债券的说服力。美银策略师在一份报告中说，欧元可能是美元需求减少的最大受益者。 美银：全球投资者降低美元敞口，部分原因是对财政状况的担忧 ...

在一个令华尔街兴奋的贸易缓和浪潮中，美银首席策略师却泼了一盆冷水，警告投资者这场反弹可能已 经走到尽头。 周五，美国银行的首席投资策略师Michael Hartnett警告，由于对第二季度关税下调的乐观情绪，美股出 现了"合理"上涨。但随着事态发展进入"买预期、卖事实"阶段，美股可能无法继续上行。 自4月9日特朗普宣布暂停部分关税以来，标普500指数已飙升14%，这表明市场对贸易缓和的反应强 烈。但值得注意的是，今年至今该指数仍下跌3.7%，明显落后于其国际同行。美国近期对全球贸易采 取较为温和立场，但这些积极因素可能已被市场充分消化。 Hartnett的观点得到资金流向数据的强力支持，根据美银引用EPFR Global的数据，过去四周约有248亿 美元从美国股票市场撤出，创下两年来最高赎回水平。 面对这一前景，Hartnett为投资者提供了明确建议：2025年选择债券而非股票。在股票配置方面，他更 倾向于国际股票而非美国股票。 在5月8日的报告中，这位策略师指出，相较于非美市场，美股正处于结构性熊市的后期阶段。这一观点 对寻求保护资产的投资者提供了清晰指引，暗示资金应向更具防御性和潜在上行空间的市场转移。 ...

美国银行的Michael Hartnett表示，尽管美国正采取行动进行贸易谈判，但令人瞩目的美股反弹可能已经 结束。这位策略师指出，美国股市在第二季度因关税下调的乐观情绪而"正确地"上涨。然而，他认为随 着投资者"买预期、卖事实"，预计已无进一步上行空间。自美国总统唐纳德·特朗普于4月9日宣布暂停 部分关税以来，标普500指数已上涨14%，但今年以来仍下跌3.7%，落后于其他市场。（彭博） ...

Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 69 million consumer and small business clients with approximately 3,700 retail financial centers, approximately 15,000 ATMs (automated teller mach ...

2025 年 5 月 3 日，全球投资界的目光聚焦于美国内布拉斯加州奥马哈市，伯克希尔 · 哈撒韦公司年度股东大会如期举行。这场被誉为 " 资本市 场的奥斯卡 " 的盛会吸引了数万名投资者和分析师。 伯克希尔作为巴菲特的投资旗舰，其持仓变化不仅是公司策略的体现，更是市场风向标，对全球金融市场具有深远影响。通过剖析伯克希尔的持仓变化与 持仓偏好，我们得以窥见这家投资巨头在风云变幻的市场中， 哪些行业与个股被坚定押注，进而探究其 "变与不变" 背后蕴藏的投资智慧与战略考量。 在剖析伯克希尔・哈撒韦公司的财务状况时，其现金储备与资产配置比例备受关注。截至2025年一季度末， 伯克希尔现金储备达到历史新高的3,477亿美 元，占总资产的29.86%，其中，短期美债投资高达3,055亿美元。 在高利率环境下，公司将大量资金投入短期美债，既确保流动性，又获得稳健收益。 // "现金高垒"下伯克希尔坚持守势蓄势 // 进一步探究现金储备增加的原因，一方面存在被动积累因素，从2005年末至2024年末，伯克希尔・哈撒韦公司经营性现金流年均增长6.36%。而在投资 端，由于美股市场估值高企，符合巴菲特投资标准的标的稀缺，导致资 ...

Group 1: US Market Focus - The Federal Reserve faces a dilemma regarding interest rate cuts, with expectations of maintaining rates at 4.25-4.5% during the May meeting, while the market anticipates up to two rate cuts within the year [12][13][25] - Major financial stocks like Bank of America and Citigroup are showing strength, despite ongoing pressures in the cyclical and consumer sectors [10][14][18] - Bank of America is considered undervalued, with a projected net interest income growth of 6-7% for 2025, and a return on tangible common equity (ROTCE) nearing 15% by 2026 [19] - Citigroup is optimistic about its stock buyback prospects, having repurchased $1.75 billion in shares in Q1 2025, with expectations for continued buybacks in Q2 [20] Group 2: UK Market Focus - The UK economy is expected to slow down, with a projected GDP growth of 0.8% for 2025, down from 1.1% in the previous year, due to increased challenges from tax hikes and external uncertainties [31][37] - The Bank of England is anticipated to have increased room for rate cuts, with potential reductions expected in the coming months [34][36] - Major UK banks like HSBC and Standard Chartered have shown strong Q1 performance, with HSBC's pre-tax profit exceeding market expectations by 15% [39] Group 3: China and Hong Kong Market Focus - The report indicates that the Chinese market is likely to see a phase of stock performance driven by themes that are less sensitive to earnings, with companies like Tencent Holdings and China Duty Free Group highlighted [44][70] - Tencent is expected to maintain strong growth in its gaming business, with a diverse pipeline of new games set to launch [71] - China Duty Free is positioned favorably amid tariff negotiations, with expectations for improved performance in its Hainan operations [71]

Over multiple decades, legendary investor Warren Buffett has helped produce incredible returns for conglomerate Berkshire Hathaway Inc BRK BRK, often times outperforming the S&P 500.With news that Buffett is stepping down as Berkshire CEO at the end of the year, here's a look at the top 10 stock holdings of the Berkshire Hathaway portfolio.Buffett Builds Berkshire Hathaway: Buffett has shaped Berkshire Hathaway from the early days of a textile maker into a conglomerate that owns companies like Duracell, Dai ...

智通财经5月3日电，伯克希尔哈撒韦公司财报显示，截至3月31日，其权益投资的总公允价值69%集中 在美国运通、苹果、美国银行、雪佛龙和可口可乐。 ...

Core Viewpoint - Warren Buffett's investment decisions are closely monitored due to Berkshire Hathaway's strong performance, with shares up nearly 18% year-to-date in 2025, which heightens investor interest in the company's portfolio moves [1]. Group 1: Berkshire Hathaway's Equity Holdings - Berkshire's 13F filing for Q1 2025 is expected by mid-May, with the latest filing from February 14 reflecting Q4 2024 data, providing insights into Buffett's major investments [2]. - The top five equity holdings of Berkshire reflect Buffett's disciplined, long-term investment strategy [2]. Group 2: Top Equity Holdings - **Apple**: Remains the largest holding with 300 million shares, accounting for nearly 28% of the equity portfolio, despite facing demand challenges and valuation concerns in 2025 [3][4]. - **American Express**: A long-term investment with around 152 million shares, representing nearly 17% of the portfolio, though down 10% year-to-date [7][8]. - **Bank of America**: Holds close to 680 million shares, about 11% of the portfolio, with strong fundamentals and a solid dividend yield [11][12]. - **Coca-Cola**: A 35-year holding with nearly 400 million shares, comprising about 9% of the portfolio, known for its defensive appeal and reliable dividends [13][14]. - **Chevron**: A newer addition with 114 million shares, representing roughly 6% of the portfolio, appealing for its strong balance sheet and dividend returns [17][18].