智通财经APP获悉，根据美国证券交易委员会(SEC)披露，摩根大通递交了截至2025年12月31日的第四季度持仓报告(13F)。 | 1 2025-12-31 | | | --- | --- | | 13F Activity | | | Market Value | $1.59t, Prior: $1.67t | | Inflows (Outflows) as % of Total MV | (-6.2606)% | | New Purchases | 638 stocks | | Added To | 2643 stocks | | Sold out of | 605 stocks | | Reduced holdings in | 3425 stocks | | Top 10 Holdings % | 26.27% | | Turnover %l 1 | 15.57% | | Turnover Alt %14 | 5.49% | | Time Held Top 20 | 20.05 quarters | | Time Held Top 10 | 27.3 quarters | | Time Held Al ...

Summary of Key Points Core Viewpoint Goldman Sachs (GS.US) reported a total market value of $810 billion in its fourth-quarter holdings as of December 31, 2025, reflecting a decrease of approximately 1.22% from the previous quarter's $820 billion [1][2]. Holdings Overview - Goldman Sachs added 671 new stocks, increased holdings in 3,027 stocks, and sold out of 555 stocks during the fourth quarter [1][2]. - The top ten holdings accounted for 22.11% of the total market value [1][2]. Major Holdings - Nvidia (NVDA.US) was the largest holding with approximately 166.66 million shares valued at about $31.08 billion, representing 3.83% of the portfolio, a decrease of 0.82% from the previous quarter [2][4]. - Apple (AAPL.US) ranked second with around 90.92 million shares valued at approximately $26.94 billion, making up 3.32% of the portfolio, an increase of 2.60% [3][4]. - Microsoft (MSFT.US) was third with about 51.36 million shares valued at approximately $24.84 billion, accounting for 3.06% of the portfolio, a decrease of 5.86% [3][4]. - The SPDR S&P 500 ETF (SPY.US) was fourth with around 32.92 million shares valued at approximately $22.45 billion, representing 2.77% of the portfolio, a decrease of 9.01% [3][4]. - Alphabet Inc. (GOOGL.US) was fifth with approximately 52.19 million shares valued at about $16.34 billion, making up 2.01% of the portfolio, an increase of 1.47% [3][4]. Trading Activity - The top five purchases included GOOGL, AAPL, AAPL call options, DIA, and TSLA call options [5][6]. - The top five sales included SPY put options, QQQ call options, SPY call options, MSFT, and IWM put options [5][6]. Cryptocurrency Exposure - Goldman Sachs disclosed a significant cryptocurrency exposure, holding over $2.36 billion in digital assets, which constitutes 0.33% of its reported investment portfolio [6][7]. - The firm held approximately 21.2 million shares of various spot Bitcoin ETFs valued at $1.06 billion, a decrease of 39.4% from the previous quarter [8]. - The firm also held about 40.7 million shares of spot Ethereum ETFs valued at approximately $1 billion, down 27.2% from the previous quarter [8]. - Notably, Goldman Sachs increased its holdings in newly launched spot XRP and Solana ETFs, valued at $152.2 million and $108.9 million, respectively [8].

Core Viewpoint - Nomura's first-quarter holdings report for the period ending March 31, 2025, shows a significant decrease in total market value, dropping from $74.1 billion to $53.6 billion, a decline of approximately 28% [1][2]. Holdings Summary - Total market value of Nomura's holdings is $53.6 billion, down from $74.1 billion [1][2]. - The fund added 377 new stocks, increased holdings in 487 stocks, reduced holdings in 750 stocks, and completely sold out of 799 stocks [1][2]. - The top ten holdings account for 35.01% of the total market value [1][2]. Top Holdings - The largest holding is Coinbase bonds (DEBT-COIN) with a market value of approximately $4.095 billion, representing 7.65% of the portfolio, showing a substantial increase of 879.53% in shares held [3][5]. - The second largest holding is Meta call options with a market value of about $2.995 billion, accounting for 5.59% of the portfolio, with a decrease of 35.53% in shares held [3][5]. - The third largest holding is iShares Russell 2000 put options with a market value of approximately $2.371 billion, representing 4.43% of the portfolio, with an increase of 98.99% in shares held [3][5]. - Other notable holdings include Nvidia call options, SPDR S&P 500 put options, and Tesla [3][4]. Changes in Holdings - The top five purchases by percentage change include Coinbase bonds, iShares Russell 2000 put options, SPDR S&P 500 call options, Nike, and Electronic Arts put options [5][7]. - The top five sales by percentage change include Tesla put options, Nvidia put options, Tesla call options, Tesla, and Invesco QQQ Trust put options [6][7].

Core Insights - Blackstone's total market value of holdings reached $24.1 billion for Q1 2025, up from $22.0 billion in the previous quarter, representing a 9% increase [1][2] - The investment portfolio included 47 new stocks, 36 stocks were increased, 25 stocks were reduced, and 39 stocks were completely sold out [1][2] - The top ten holdings accounted for 68.8% of the total market value [1][2] Holdings Overview - The largest holding is Cheniere Energy Partners (CQP.US) with approximately 102 million shares valued at about $6.759 billion, making up 28.07% of the portfolio, unchanged from the previous quarter [2][3] - Corebridge Financial Inc. (CRBG.US) is the second-largest holding with around 61.96 million shares valued at approximately $1.956 billion, also unchanged [2][3] - Williams (WMB.US) ranks third with about 20.08 million shares valued at approximately $1.200 billion, reflecting a 5.94% increase in holdings [3][4] Sector Focus - The portfolio shows a strong inclination towards energy stocks, with significant positions in companies like Targa Resources (TRGP.US), Energy Transfer Equity LP (ET.US), and MPLX LP (MPLX.US) [3][4] - The top five purchases included SPDR S&P 500 ETF put options, CoreWeave (CRWV.US), Kinder Morgan (KMI.US), Hess Midstream (HESM.US), and Enbridge (ENB.US) [4][5] - The top five sales included Expand Energy, First Industrial Realty (FR.US), Western Midstream (WES.US), Energy Transfer (ET.US), and NextEra Energy (NEE.US) [5][6]

Core Insights - Morgan Stanley's first quarter 13F filing shows a total market value of $1.37 trillion, up from $1.34 trillion in the previous quarter, indicating a growth of 6.05% in inflows [1][2] - The fund added 605 new stocks, increased holdings in 2,772 stocks, reduced holdings in 3,431 stocks, and completely sold out of 691 stocks, with the top ten holdings accounting for 22.67% of the total market value [1][2] Holdings Overview - The top five holdings include Microsoft (MSFT) with 142 million shares valued at approximately $53.31 billion, Nvidia (NVDA) with 421 million shares valued at about $45.64 billion, Apple (AAPL) with 199 million shares valued at around $44.15 billion, Amazon (AMZN) with 200 million shares valued at approximately $38.10 billion, and Meta (META) with 58 million shares valued at about $33.54 billion [3][4][5] - The top ten holdings also feature SPDR S&P 500 ETF (SPY), Mastercard (MA), Google (GOOG), Broadcom (AVGO), and Vanguard S&P 500 ETF (VOO) [4][5] Trading Activity - The top five purchases by percentage change in the portfolio include Visa (V), Walmart (WMT), Johnson & Johnson (JNJ), Philip Morris (PM), and Meta [6][7] - The top five sales by largest value include Tesla put options, SPDR S&P 500 ETF put options, Taiwan Semiconductor (TSM), SPDR Gold Shares ETF put options, and Honeywell (HON) [6][7]