慧与科技公司CEO安东尼奥·内里。图片来源：Photographer: Ian Maule/Bloomberg via Getty Images 今年4月首次有公开报道称，激进投资集团埃利奥特管理公司已持有慧与科技价值15亿美元的股 份。自那以后，两家公司对此事均保持完全沉默。 这笔投资据悉属于多头头寸，而非做空该公司的空头押注。对慧与科技及其CEO安东尼奥·内里来 说，这笔投资关系重大。据路透社报道，在埃利奥特入股各公司并要求与董事会谈判后，已有14位 CEO被迫离职。 内里的位置岌岌可危？ 《财富》杂志曾向两家公司请求置评，但两家公司均不愿就双方之间正在发生的事情发表公开评 论。慧与科技（《财富》美国500强第143位）提供了一份简短声明，称"我们重视所有股东的建设 性意见"，但拒绝透露具体细节。 然而，《财富》杂志采访的消息人士指出了几个隐藏在明处的线索，揭示了埃利奥特可能对慧与科 技的诉求。 定价失误 今年3月，慧与科技公布了第一季度财报，导致公司股价当天暴跌近16%，当时便出现了最明显的预 警信号。内里在接受CNBC采访时承认，公司在核算库存成本时犯了错误，这损害了公司的盈利能 力。 内里表示："临 ...

特朗普兴风作浪，有些人则趁机捕鱼。 正所谓"水大鱼大"。 例如，阿克曼的潘兴广场在2025年4月底亚马逊暴跌1/3后，入场抄底，目前反弹了约20%。 此前，他在疫情期间用2700万美元做空获得了26亿美元收益，赚得相当漂亮。 看起来这位老兄似乎相当擅长于"投机"，但事实上，阿克曼自认是一个价值投资者。 他表示，潘兴广场在资本配置、激励机制、以及其想与什么样的人做生意或合作等方面，都秉持着与巴 菲特非常相似的原则。 也许可以用"激进版的价值投资者"，来定义阿克曼。 又或者，可以称之为"价值投机者"。 一、从哈佛精英到华尔街狂人 1988年，22岁的比尔·阿克曼在哈佛大学完成了一篇颇具争议的毕业论文——《攀登常春藤之墙：犹太 人和亚裔美国人在哈佛招生中的经历》。 这篇论文比较了1920年代对犹太学生的配额限制和1980年代对亚裔学生的类似做法。 这种对不公正现象的敏锐洞察，后来成为阿克曼投资风格的核心特征： 发现市场的结构性偏见，然后下重注。 大学期间，阿克曼偶然读到本杰明·格雷厄姆的《聪明的投资者》。这本价值投资圣经彻底改变了他的 人生轨迹。 1992年，刚从哈佛商学院毕业的阿克曼与同学大卫·伯科维茨创立了Go ...

Core Insights - The article discusses the quarterly 13F filings by institutional investors, highlighting the investment strategies of prominent figures like Warren Buffett, Carl Icahn, and Bill Ackman during Q1 2025, particularly in response to market conditions and economic forecasts [1] Group 1: Warren Buffett's Investment Strategy - Buffett increased his holdings in consumer-oriented companies, particularly in the beverage and food sectors, indicating a focus on stable cash flow and consumer demand [2][6] - Significant increases in holdings include Constellation Brands (STZ) from 5.6 million shares to 12 million shares, Pool Corp from 600,000 shares to 1.46 million shares, and Domino's Pizza (DPZ) to 2.62 million shares [3][4][5] - Buffett maintained his core positions in Coca-Cola (KO) at 400 million shares, Apple (AAPL) at 300 million shares, and other long-term investments, reflecting his commitment to brand value and long-term holding principles [7] - He completely sold his holdings in Nu Holdings (NU) and Citigroup (C), indicating a cautious outlook on the financial sector [8][11] Group 2: Carl Icahn's Aggressive Moves - Icahn significantly increased his stake in JetBlue Airways (JBLU) from 17.73 million shares to 33.62 million shares, signaling intentions to influence company restructuring [16] - He also raised his position in CVI Energy to 68.53 million shares and increased his holdings in Illumina (ILMN) from 40,000 shares to 220,000 shares [16] - Icahn reduced his stake in Southwest Gas (SWX) from 9.63 million shares to 7.53 million shares, suggesting a strategic shift [19] Group 3: Bill Ackman's Tactical Adjustments - Ackman made a substantial investment in Uber (UBER), acquiring 30.3 million shares, reflecting confidence in urban mobility and AI-driven business models [19] - He increased his holdings in Brookfield (BN) from 34.89 million shares to 41 million shares, Hertz (HTZ) from 12.71 million shares to 15 million shares, and Google A shares (GOOGL) to 4.44 million shares [20] - Ackman completely exited his position in Nike (NKE), previously holding 18.77 million shares, due to concerns over the impact of new trade policies on global companies [21]