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左手爆買阿里、右手重倉黃金!橋水Q1押注“東昇西降”,對衝特朗普黑天鵝

全球最大對衝基金橋水公司最新持倉動向來了。

今年一季度,這家華爾街投資巨鱷進行了大幅調整:減持科技股,重倉黃金。

與此同時,橋水押注“東昇西降”,爆買阿里、建倉京東,減持谷歌、英偉達、Meta等美股科技股。

“東昇西降”,重倉黃金

北京時間5月15日凌晨,橋水基金向SEC遞交一季度持倉報告。

13F報告顯示,截至2025年3月31日的季度橋水基金總規模爲216億美元,環比增1.47%。

一季度共加倉283個標的、新進123個標的,減倉252個標的、清倉150個標的。

一季度,橋水前十大持倉標的佔總市值的31.8%。

其中,第一大持倉SPDR標普500ETF被減持近6成,佔整體倉位比例從22%降至8.7%,但仍是其第一大重倉股。

大肆加倉阿里巴巴從去年末的25.5萬股激增至566萬股,增幅超21倍,成爲最大重倉個股,也是其第四大持倉股

中概股方面,還加倉了百度187.9萬股,期末持倉總額1.9億美元,位列第22大持倉;加倉拼多多近50萬股,持倉規模達到174萬股,位列所有持倉第20位。

美股科技股方面,橋水加倉微軟、亞馬遜、蘋果、高通等科技股。

新建倉黃金ETF爲迎接特朗普風暴的衝擊,橋水Q1避險傾向明顯。

SPDR黃金ETF是當季橋水最大的新建倉持股,也是其第六大持倉標的,規模爲3.19億美元。

黃金ETF在今年一季度大幅上漲19%,在隨後的二季度繼續衝高,不過目前較4月創下的歷史新高有一定回落。

同時京東成爲第二大新進建倉,期末市值達1.14億美元。此外,金融與航運板塊亦有佈局,包括美聯航、達美航空、高盛、摩根大通等。

減倉英偉達

一季度,橋水對美股科技股靈活調整倉位。

除了砍掉頭號持有標的SPDR標普500ETF近6成外,還大砍了Robinhood 8成倉位。

橋水對谷歌、英偉達、Meta等科技巨頭也進行了減持操作。

其中,對英偉達持倉減少18.74%(65萬股)、Meta減少31.47%(19.5萬股)、谷歌減少16%(57.8萬股)。

一季度,AppLovin則被減掉近99%的倉位。

清倉操作涉及安森美半導體、莫德納、Lyft、Chewy、露露樂蒙、GAP及Unity等公司。

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