美国银行股盘前走低，高盛跌2.1%，美国银行、花旗集团跌1.7%，摩根士丹利跌1.6%，摩根大通跌 1.3%，富国银行跌1.4%，此前穆迪下调美国评级。 ...

在深交所主办的2025全球投资者大会上，美银中国区行政总裁暨大中华地区固定收益、货币及商品市场 销售部主管王伟表示，通过对亚洲基金经理调查中发现，越来越多的投资者正在寻找在中国的投资机 会，只有16%的投资者在寻找其他机会，低于上个月的26%，还有10%的投资者已全面投资中国。王伟 认为，中国最近政策一致性和明确性、持续的技术进步等原因之下，海外投资者对中国的兴趣重新回 归。一些投资者指出，在岸投资者和消费者的信心似乎也已恢复到2021年以来的最高水平。(智通财经) ...

| 排序 | 美股简称 | 美股代码 | | 持有机构 合计持仓股数 日力） | 持股环比 450 | 持仓市值 亿美元 | 机构持股比例 | 季度涨跌 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 英伟达 | NVDA | 4852 | 16724.78 | -4.13% | 23852.88 | 68.33% | 0.76% | | 2 | 英语 | AAPL | 5349 | 9504.29 | -2.59% | 20794.62 | 63.62% | -14.75% | | 3 | 微软 | MSFT | 5503 | 5372.44 | -2.58% | 20167.6 | 72.27% | -10.94% | | 4 | 亚马逊 | AMZN | 5226 | 6854.13 | -1.58% | 13040.66 | 64.58% | -13.28% | | 5 | 博通 | AVGO | 3598 | 3603.09 | -2.94% | 7972.55 | 76.63% | 30.99% | | 6 | | | ...

华尔街新兴市场的投资者在多年错失美国股市飙升后，终于看到了机会。摩根士丹利投资管理公司、 AQR Capital Management、美国银行和富兰克林邓普顿等公司都押注，形势最终可能会转向有利于发展 中市场股票。 美国银行的Michael Hartnett将其称为"下一个牛市"。AQR预测，未来5到10年，这些股市以本币计算的 年回报率将接近6%，超过以美元计算的美国股市4%的涨幅。 尽管标普500指数近几周出现反弹，但截至上周五收盘，该指数年内持平，而新兴市场指数则上涨了 10%。这一涨势点燃了人们的希望：新兴市场过去15年的黯淡表现可能会结束。在这15年里，美国基准 股指飙升了400%以上，而发展中国家股市只上涨了7%。 富兰克林邓普顿投资策略师Christy Tan表示："美元的贬值风险给投资者敲响了警钟。"她将发展中国家 债券视为美国国债的替代品。"我们认为，美国例外论暂时结束了。" 过去14年，标普500指数的涨幅几乎是新兴市场指数的10倍 摩根士丹利投资管理公司副首席投资官Jitania Kandhari表示："现在我们终于有了催化剂。"两年前，她 从美国转向新兴市场股票，宣布新兴市场时代已经 ...

Core Insights - Warren Buffett has been a significant seller of stocks for 10 consecutive quarters, with a notable sale that may be regrettable [1][5] - The quarterly Form 13F filings provide critical insights into the stock market and institutional investors' activities [2][3] Group 1: Berkshire Hathaway's Stock Activity - As of the first quarter, Buffett sold approximately $4.7 billion in equity securities while purchasing nearly $3.2 billion [5] - Buffett completely exited positions in Citigroup and Nu Holdings, and reduced stakes in several other companies, including Bank of America and T-Mobile [10][13] - The trend indicates that Buffett's investment lieutenants, Ted Weschler and Todd Combs, are increasingly influencing trading activities [8][9] Group 2: Financial Sector Focus - Buffett's recent selling activity has heavily targeted financial stocks, particularly since October 2022 [11] - The financial sector is experiencing cyclical challenges, which may explain Buffett's selling behavior [11] - Bank of America remains a significant holding for Berkshire, despite recent reductions, due to its strong financial position [15][16] Group 3: Bank of America's Financial Strength - Bank of America ended March with a Common Equity Tier 1 (CET1) ratio of 11.8%, indicating a robust capital position [19] - The bank has shown significant improvement in net interest income, benefiting from recent Federal Reserve rate hikes [20] - Digital banking adoption is increasing, with 78% of households using digital services, enhancing operational efficiency [21]

Core Viewpoint - Berkshire Hathaway's latest 13F filing reveals that Warren Buffett has maintained his position in Apple, holding 300 million shares valued at approximately $66.6 billion, which constitutes 25.76% of the total portfolio [1] Group 1: Berkshire Hathaway's Holdings - In Q1 2025, Buffett sold approximately 48.66 million shares of Bank of America, dropping its ranking to fourth place behind Coca-Cola [2] - Citigroup was completely liquidated, marking the end of a brief holding period that began in mid-2022 [2] - Berkshire has not disclosed one or more holdings in the latest filing, indicating potential new investments, similar to its previous stealth acquisition of Chubb Insurance [2] - Other investment activities included purchases of Sirius XM, Occidental Petroleum, and Verisign, while slightly reducing holdings in DaVita [2] - Significant increases were made in Pool Corp and Constellation Brands, along with additional investments in Domino's Pizza and aerospace manufacturer HEICO [2] Group 2: Buffett's Future Plans - Buffett discussed his decision to step back due to age, stating that he only began to feel old around 90, but he remains in good health [3] - He plans to continue coming to the office daily and will assist when necessary, indicating he is not fully retiring [3] Group 3: Other Investors' Activities - The portfolio managed by Charlie Munger's Daily Journal Corp saw a reduction in holdings of four stocks, including Alibaba, which was cut from 300,000 shares to 195,000 shares [3] - In contrast to Buffett's strategy, investors like Duan Yongping and Li Lu have significantly reduced their Apple holdings, with Duan's portfolio showing a 65% decrease in Apple shares [4]

Core Viewpoint - The article discusses Warren Buffett's recent investment decisions regarding Apple and Bank of America, highlighting his strategic adjustments in response to market conditions and valuation concerns [1][2][4]. Summary on Apple - Buffett's holding of 300 million shares in Apple remains unchanged, indicating a strategic adjustment rather than a simple profit-taking move [2]. - The valuation of Apple has increased by 150% since the initial investment, leading to concerns about its impact on Berkshire's overall value during market downturns [2][3]. - Apple is viewed as a stable cash flow generator akin to American Express, with a significant portion of Berkshire's portfolio still allocated to it [3]. - Potential risks include the impact of tariffs and production costs, which could significantly affect Apple's pricing and profitability [3]. Summary on Bank of America - Buffett has reduced his stake in Bank of America from 680 million shares to 631.5 million shares, selling nearly 50 million shares in the first quarter, indicating systemic challenges in the banking sector [4][5]. - Key issues affecting Bank of America include tax burdens, rising interest rates, and industry challenges from fintech and regulatory pressures [5][6]. - Following the reduction, Bank of America has dropped from the second-largest holding in Berkshire's portfolio to the fourth, raising questions about its future as a stable dividend stock [5][6].

段永平减持苹果，新进微软、英伟达、台积电 北京时间5月16日，H&H基金发布了最新的美股持仓，由于该基金被认为是由段永平掌管，其动向备受市 场关注。截至一季度末，H&H基金共持有11只股票，较去年底新增3只，期末持股市值为120亿美元，较 去年底减少了25亿美元。 这是H&H基金连续三个季度大幅减持苹果，去年四季度和去年三季度分别减持1190万股、1116万股，仓 位权重从最高的81%，降至目前的63%。 一季度，段永平罕见地进行了一轮密集的调仓。被认为是由段永平掌管的H&H International Investment 基金（下称"H&H基金"），新进微软、英伟达、台积电，加仓拼多多，减持阿里巴巴、谷歌、苹果，其中 减持超过10亿美元的苹果。 与此同时，H&H基金在一季度还大幅减持了谷歌和阿里巴巴，其中谷歌被减持266万股，减持幅度达 70.51%，期末持股市值降至1.73亿美元，上一季度末的持股市值高达7.17亿美元，从第三大持仓降至第 六；阿里巴巴则被减持147万股，减持幅度为26.94%，期末持股市值为5.27亿美元。 李录在一季度没有任何买入增持动作，反而是大举减持了苹果、谷歌以及第一大重仓股美 ...

Group 1 - Berkshire Hathaway's Q1 2023 13F filing revealed a complete exit from Citigroup (14.63 million shares) and Nu Holdings, along with a reduction in Bank of America holdings (48.66 million shares) while maintaining its Apple position (300 million shares) unchanged [1] - The company significantly increased its stake in Constellation Brands by 6.38 million shares, representing a 113.5% increase, and also added 760,000 shares in Occidental Petroleum and 860,000 shares in Pool Corp [1] - Notably, Berkshire did not initiate any new positions in Q1 2023, raising concerns among market analysts regarding its investment strategy [1] Group 2 - As of March 31, 2025, Berkshire's cash, cash equivalents, and U.S. Treasury bills increased from $212.59 billion at the end of 2024 to $219.90 billion, representing an increase in the cash holding ratio from 42.77% to 44.29% of its insurance investment portfolio [3] - Market analysts, including Morgan Stanley's Chief Investment Officer Lisa Shalett, indicated that the slowdown in revenue growth among the "Magnificent Seven" tech stocks and broader earnings momentum could limit further market gains [3] - There are concerns that ongoing effects of Trump-era policies may lead to increased market volatility [3]

Core Viewpoint - The CEOs of JPMorgan and Bank of America are resisting pressure from US lawmakers to withdraw from underwriting a $4 billion IPO for CATL, a China-based electric car battery company, which is alleged to have ties to the Chinese military [1][4][7]. Group 1: Company Overview - CATL is recognized as the world's leading manufacturer of electric batteries, but some lawmakers suspect it serves as a front for Chinese military expansionism, a claim that the company denies [2][9]. - The company is set to list its shares on the Hong Kong stock market, with JPMorgan and Bank of America acting as lead underwriters, potentially earning a significant portion of the $240 million in underwriting fees [6][10]. Group 2: Legislative Concerns - The House Select Committee on China has expressed concerns that the banks are prioritizing profits over national security by supporting a company linked to the Chinese military, as designated by the US Department of Defense [7][9]. - The committee has requested explanations from the banks regarding their decision to proceed with the underwriting, but has not yet received a response [5][6]. Group 3: Company Defense - CATL has publicly stated that it has never engaged in military-related activities and is in the process of clarifying its status with the Department of Defense [12]. - The company argues that the allegations against it are factually incorrect and emphasizes that its primary business is in electric car batteries used by many US companies [10][12]. Group 4: Broader Context - The situation unfolds amid heightened scrutiny of Chinese companies operating in the US, with lawmakers calling for investigations into compliance with US disclosure laws [16][18]. - The ongoing trade tensions between the US and China add complexity to the situation, as both countries have recently agreed to a temporary pause in their trade war [19].