<p>几家对冲基金削减了对大型科技公司的持股</p>
<p>桥水基金将对英伟达的持股削减近三分之二</p>
<p>Discovery Capital 在 Alphabet、Cleveland-Cliffs 和健康保险公司中建立了新头寸</p>
<p>Tiger Global 和 Lone Pine Capital 减少了对 Meta 的持股</p>
<p>作者：Anirban Sen</p>
<p>纽约，11 月 14 日（路透社）——华尔街最大的对冲基金在第三季度减少了对包括英伟达（NVDA.O）、亚马逊（AMZN.O）、Alphabet（GOOGL.O）和 Meta（META.O）在内的 “七大巨头” 股票的敞口，同时在应用软件、电商和支付公司中建立了新头寸，依据周五的监管文件。</p>
<p>在截至 9 月 30 日的季度中，几家基金还减少了对医疗和能源领域知名公司的敞口。最新的头寸标志着与第二季度的转变，当时几家领先的选股公司在目睹人工智能估值的繁荣后，对大型科技公司持更加乐观的态度。从那时起，这些高估值开始下降。</p>
<p>在第三季度，市场整体上涨，标准普尔 500 指数上涨近 8%。以科技股为主的纳斯达克 100 指数（.NDX）在该季度上涨约 9%。</p>
<p>债券也因预期货币宽松而上涨，推动基准 10 年期收益率下降约七个基点。债券价格上涨时，收益率下降。</p>
<p>在该季度，桥水基金增加了对 Fiserv（FI.N）的持股，而 Discovery 则在这家支付软件公司中建立了头寸。这两家基金在 Fiserv 公布令人失望的业绩并连续第二个季度下调收入指引之前进行了操作。这一消息导致其市值在一天内下降约 300 亿美元。</p>
<p>桥水基金增加了对应用软件和支付等行业的敞口，提升了对 Adobe（ADBE.O）、Dynatrace（DT.N）和 Etsy（ETSY.N）的持股。</p>
<p>Lone Pine Capital 和 Tiger Global 分别将对 Facebook 母公司 Meta Platforms 的持股削减 34.8% 和 62.6%，而桥水和 Coatue 则是减少对英伟达的敞口的基金之一。</p>
<p>最新的头寸在被称为 13-F 的文件中披露，这些文件是对冲基金和其他机构投资者在每个季度末提交的。尽管这些文件是向后看的，并未透露当前的持股或空头头寸，但它们为投资者提供了对这些通常保密基金投资组合的洞察。</p>
<p>桥水基金在今年前九个月表现出色，超越了其顶级同行，将对英伟达的持股削减近三分之二至 250 万股，对 Alphabet 的持股削减超过 50% 至 265 万股。Discovery Capital 由 Rob Citrone 创立，在 Alphabet、钢铁制造商 Cleveland-Cliffs（CLF.N）和健康保险公司 Cigna（CI.N）及 Elevance Health（ELV.N）等公司中建立了新头寸。</p>
<p>Dmitry Balyasny 的多策略对冲基金 Balyasny Asset Management 将对 iPhone 制造商苹果（AAPL.O）的持股大幅增加。</p>
<p>亿万富翁 Philippe Laffont 的 Coatue Management 在大型 AI 公司方面进行了几项变动。该公司将对 AI 行业风向标英伟达的持股削减 14.1% 至 990 万股，加入了桥水和 Michael Burry 的 Scion Asset Management 等一些其他知名公司，这些公司也减少了对该公司的敞口。伯克希尔哈撒韦披露了对谷歌母公司 Alphabet 的 43 亿美元持股，并进一步减少了对苹果的持股，详细说明了其股权投资组合，这是沃伦·巴菲特在担任首席执行官 60 年后最后一次披露。桥水的发言人拒绝对该基金的最新头寸发表评论。其他基金未立即回应评论请求。</p>

亚马逊

英伟达

谷歌-C

谷歌-A

<p>包括桥水基金、老虎全球和孤松资本在内的几家主要对冲基金在第三季度减少了对大科技股的持仓，如英伟达、亚马逊、谷歌和 Meta。他们将重点转向应用软件、电商和支付等行业。Discovery Capital 在谷歌、克利夫兰悬崖和健康保险公司上建立了新头寸。这些变化反映出对第二季度高人工智能估值的回避。这些信息来自 13-F 文件，提供了对冲基金投资组合的一个视角</p>

<p>Several hedge funds cut holdings in Big Tech names</p>
<div class="lb-trans"><p>几家对冲基金削减了对大型科技公司的持股</p>
</div><p>Bridgewater cuts Nvidia stake by nearly two-thirds</p>
<div class="lb-trans"><p>桥水基金将对英伟达的持股削减近三分之二</p>
</div><p>Discovery Capital takes new positions in Alphabet, Cleveland-Cliffs, health insurers</p>
<div class="lb-trans"><p>Discovery Capital 在 Alphabet、Cleveland-Cliffs 和健康保险公司中建立了新头寸</p>
</div><p>Tiger Global and Lone Pine Capital reduce stake in Meta</p>
<div class="lb-trans"><p>Tiger Global 和 Lone Pine Capital 减少了对 Meta 的持股</p>
</div><p>By Anirban Sen</p>
<div class="lb-trans"><p>作者：Anirban Sen</p>
</div><p>NEW YORK, Nov 14 (Reuters) - Wall Street’s largest hedge funds reduced exposure to “Magnificent Seven” stocks including Nvidia (NVDA.O) , Amazon (AMZN.O) , Alphabet (GOOGL.O) and Meta (META.O) in the third quarter, while taking new positions in application software, e-commerce and payments companies, according to regulatory filings on Friday.</p>
<div class="lb-trans"><p>纽约，11 月 14 日（路透社）——华尔街最大的对冲基金在第三季度减少了对包括英伟达（NVDA.O）、亚马逊（AMZN.O）、Alphabet（GOOGL.O）和 Meta（META.O）在内的 “七大巨头” 股票的敞口，同时在应用软件、电商和支付公司中建立了新头寸，依据周五的监管文件。</p>
</div><p>During the quarter ended September 30, several funds also reduced their exposure to prominent names in healthcare and energy. The latest positions marked a shift from the second quarter when several leading stock-picking firms were much more bullish on Big Tech names after witnessing a boom in artificial intelligence valuations. Since then, those lofty valuations have started to descend.</p>
<div class="lb-trans"><p>在截至 9 月 30 日的季度中，几家基金还减少了对医疗和能源领域知名公司的敞口。最新的头寸标志着与第二季度的转变，当时几家领先的选股公司在目睹人工智能估值的繁荣后，对大型科技公司持更加乐观的态度。从那时起，这些高估值开始下降。</p>
</div><p>Markets were broadly up during the third quarter, with the S&amp;P 500 rising by nearly 8%. The tech-heavy Nasdaq 100 index (.NDX) rose about 9% during the quarter.</p>
<div class="lb-trans"><p>在第三季度，市场整体上涨，标准普尔 500 指数上涨近 8%。以科技股为主的纳斯达克 100 指数（.NDX）在该季度上涨约 9%。</p>
</div><p>Bonds also posted gains on expectations of monetary easing that pushed benchmark 10-year yields down about seven basis points. Yields decline when bond prices rise.</p>
<div class="lb-trans"><p>债券也因预期货币宽松而上涨，推动基准 10 年期收益率下降约七个基点。债券价格上涨时，收益率下降。</p>
</div><p>During the quarter, Bridgewater increased its stake in Fiserv (FI.N) , and Discovery initiated a position in the payments software firm. Both funds made their moves before Fiserv reported disappointing results and cut its revenue guidance for the second consecutive quarter. The news led to its market capitalization dropping about $30 billion in a single day.</p>
<div class="lb-trans"><p>在该季度，桥水基金增加了对 Fiserv（FI.N）的持股，而 Discovery 则在这家支付软件公司中建立了头寸。这两家基金在 Fiserv 公布令人失望的业绩并连续第二个季度下调收入指引之前进行了操作。这一消息导致其市值在一天内下降约 300 亿美元。</p>
</div><p>Bridgewater increased its exposure to sectors such as application software and payments, as it upped its holdings in Adobe (ADBE.O) , Dynatrace (DT.N) and Etsy (ETSY.N) .</p>
<div class="lb-trans"><p>桥水基金增加了对应用软件和支付等行业的敞口，提升了对 Adobe（ADBE.O）、Dynatrace（DT.N）和 Etsy（ETSY.N）的持股。</p>
</div><p>Lone Pine Capital and Tiger Global cut their stakes in Facebook parent Meta Platforms by 34.8% and 62.6% respectively, while Bridgewater and Coatue were among the funds that reduced their exposure to Nvidia.</p>
<div class="lb-trans"><p>Lone Pine Capital 和 Tiger Global 分别将对 Facebook 母公司 Meta Platforms 的持股削减 34.8% 和 62.6%，而桥水和 Coatue 则是减少对英伟达的敞口的基金之一。</p>
</div><p>The latest positions were revealed in filings known as 13-Fs, which hedge funds and other institutional investors file at the end of each quarter. While they are backward-looking and do not reveal current holdings or short positions, the filings offer investors a glimpse of the portfolios of often-secretive funds.</p>
<div class="lb-trans"><p>最新的头寸在被称为 13-F 的文件中披露，这些文件是对冲基金和其他机构投资者在每个季度末提交的。尽管这些文件是向后看的，并未透露当前的持股或空头头寸，但它们为投资者提供了对这些通常保密基金投资组合的洞察。</p>
</div><p>Bridgewater, which enjoyed a stellar run during the first nine months of the year as it outperformed its top peers, slashed its stake in Nvidia by nearly two-thirds to 2.5 million shares and in Alphabet by more than 50% to 2.65 million shares. Discovery Capital, which was founded by Rob Citrone, took new positions in names like Alphabet, steel maker Cleveland-Cliffs (CLF.N) , and health insurers Cigna (CI.N) and Elevance Health (ELV.N) .</p>
<div class="lb-trans"><p>桥水基金在今年前九个月表现出色，超越了其顶级同行，将对英伟达的持股削减近三分之二至 250 万股，对 Alphabet 的持股削减超过 50% 至 265 万股。Discovery Capital 由 Rob Citrone 创立，在 Alphabet、钢铁制造商 Cleveland-Cliffs（CLF.N）和健康保险公司 Cigna（CI.N）及 Elevance Health（ELV.N）等公司中建立了新头寸。</p>
</div><p>Dmitry Balyasny’s multi-strategy hedge fund Balyasny Asset Management increased its stake several-fold in iPhone maker Apple (AAPL.O) .</p>
<div class="lb-trans"><p>Dmitry Balyasny 的多策略对冲基金 Balyasny Asset Management 将对 iPhone 制造商苹果（AAPL.O）的持股大幅增加。</p>
</div><p>Several changes at billionaire Philippe Laffont’s Coatue Management were around big AI names. The firm reduced its holdings in AI industry bellwether Nvidia by 14.1% to 9.9 million shares, joining some other high-profile firms such as Bridgewater and Michael Burry’s Scion Asset Management which have reduced their exposure to the company. Berkshire Hathaway revealed a $4.3 billion stake in Google parent Alphabet and further reduced its stake in Apple, detailing its equity portfolio for the last time before Warren Buffett ends his 60-year run as chief executive officer. A Bridgewater spokesperson declined to comment on the fund’s latest positions. The other funds did not immediately respond to requests for comment.</p>
<div class="lb-trans"><p>亿万富翁 Philippe Laffont 的 Coatue Management 在大型 AI 公司方面进行了几项变动。该公司将对 AI 行业风向标英伟达的持股削减 14.1% 至 990 万股，加入了桥水和 Michael Burry 的 Scion Asset Management 等一些其他知名公司，这些公司也减少了对该公司的敞口。伯克希尔哈撒韦披露了对谷歌母公司 Alphabet 的 43 亿美元持股，并进一步减少了对苹果的持股，详细说明了其股权投资组合，这是沃伦·巴菲特在担任首席执行官 60 年后最后一次披露。桥水的发言人拒绝对该基金的最新头寸发表评论。其他基金未立即回应评论请求。</p>
</div>

US hedge funds trim stakes in 'Magnificent Seven' stocks in third quarter

- 多家对冲基金在第三季度减少了对 “大型科技” 股票的持仓。  
- Bridgewater 将其在 Nvidia 的持仓削减近三分之二。  
- Discovery Capital 新建了对 Alphabet 和健康保险公司的投资。  

美国对冲基金在第三季度减少了对 ‘七大杰出’ 股票的持股比例