<p>机构投资者正在积极转向 半导体行业，推动对冲基金市场的敞口达到前所未有的水平，因为主要华尔街参与者在 2026 年第一季度增加了他们的持股。</p>
<h2><strong>市场敞口的历史性转变</strong></h2>
<p>根据 <strong>The Kobeissi Letter</strong> 的最新市场评论，机构投资者正式 “全力押注半导体股票”。半导体行业 现在占全球对冲基金市场敞口的 19%，创下 “历史最高”。</p>
<p>自 2026 年初以来，这一敞口已经 “翻倍”。这种对半导体的剧烈转变直接以软件和服务股票为代价，后者现在大约占对冲基金投资组合的 2%，反映出过去四年下降了 10 个百分点。</p>
<blockquote>
<p>对冲基金全力押注半导体股票：</p>
<p>半导体及半导体设备股票现在占全球对冲基金市场敞口的 19%，创下历史最高。</p>
<p>这一比例自 2026 年初以来已经翻倍。</p>
<p>相比之下，半导体… pic.twitter.com/e3nQ3JpWsU</p>
<p>— The Kobeissi Letter (@KobeissiLetter) 2026 年 5 月 18 日</p>
</blockquote>
<p><strong>另请阅读：</strong>
<strong>探索竞争空间：美光科技与半导体及半导体设备行业同行的对比</strong></p>
<h2><strong>主要参与者大量增持 SOXX</strong></h2>
<p>最近的 13F 文件 详细说明了 <strong>iShares 半导体 ETF</strong> (NASDAQ: SOXX) 在第一季度的持仓情况，揭示了哪些机构正在推动这种 “极度看涨” 的势头。</p>
<p><strong>Susquehanna International Group</strong> 进行了大规模的投资组合升级，将其 SOXX 持股增加了 476%，从 2025 年第四季度的 250,753 股跃升至 2026 年第一季度的超过 144 万股。</p>
<p>金融巨头 <strong>高盛</strong> 和 <strong>法国巴黎银行</strong> 也积极增持该 ETF。高盛将其持仓增加了 17%，达到 338 万股，而法国巴黎银行则将其持股增加了 58%，达到 185 万股。</p>
<h2><strong>告别熊市</strong></h2>
<p>这种创纪录的热情与 2022 年熊市的低谷形成鲜明对比，当时 半导体股票 在全球对冲基金敞口中占比不足 2%。</p>
<p>在此期间，半导体指数 PHLX 半导体行业年初至今上涨了 57.66%，全年上涨了 129.62%，而跟踪该指数的 ETF SOXX 在同一时期上涨了 62.62% 和 132.66%。</p>
<p>尽管聪明的钱正在大举追逐芯片反弹，但这种看涨情绪并非一致。摩根士丹利在第一季度完全清算了其 236 万股的 SOXX ETF 持仓。尽管如此，整体数据巩固了机构对该行业的历史性需求。</p>
<p><strong>另请阅读：</strong>
<strong>斯坦利·德鲁肯米勒抛售亚马逊和字母表，同时增持商品、阿根廷和生物技术</strong></p>
<p><strong><em>免责声明：</em></strong> <em>本内容部分由 AI 工具生成，并由 Benzinga 编辑审核和发布。</em></p>
<p><em>图片来源：Shutterstock</em></p>

半导体 ETF - VanEck Vectors

嘉实中证全指集成电路ETF

费城交易所 半导体 ETF - iShares

国联安科创芯片设计ETF

华夏上证科创板半导体材料设备主题ETF

国泰CES半导体芯片行业ETF

华夏国证半导体芯片ETF

国泰中证半导体材料设备主题ETF

嘉实上证科创板芯片ETF

标普半导体 ETF - SPDR

<p>对冲基金正在显著增加对半导体行业的投资，相关敞口已达到全球对冲基金市场总额的创纪录 19%。主要参与者如 Susquehanna、Goldman Sachs 和 BNP Paribas 大幅提升了在 SOXX ETF 中的持仓。这一变化标志着与往年相比的显著转变，因为半导体股票现在主导了对冲基金的投资组合，反映出市场强烈的看涨情绪</p>

<p>Institutional investors are aggressively rotating into the semiconductor sector, driving hedge fund market exposure to unprecedented levels as major Wall Street players increased their stakes during the first quarter of 2026.</p>
<div class="lb-trans"><p>机构投资者正在积极转向 半导体行业，推动对冲基金市场的敞口达到前所未有的水平，因为主要华尔街参与者在 2026 年第一季度增加了他们的持股。</p>
</div><h2><strong>Historic Shift In Market Exposure</strong></h2>
<div class="lb-trans"><h2><strong>市场敞口的历史性转变</strong></h2>
</div><p>According to recent market commentary from <strong>The Kobeissi Letter</strong>, institutional investors are officially “all-in on semiconductor stocks.” The semiconductor sector now accounts for 19% of total global hedge fund market exposure, establishing the “highest on record.”</p>
<div class="lb-trans"><p>根据 <strong>The Kobeissi Letter</strong> 的最新市场评论，机构投资者正式 “全力押注半导体股票”。半导体行业 现在占全球对冲基金市场敞口的 19%，创下 “历史最高”。</p>
</div><p>This exposure has more than “DOUBLED” since the start of 2026. This dramatic rotation toward semiconductors comes directly at the expense of software and services stocks, which now account for roughly 2% of hedge fund portfolios, reflecting a 10-percentage-point decline over the last four years.</p>
<div class="lb-trans"><p>自 2026 年初以来，这一敞口已经 “翻倍”。这种对半导体的剧烈转变直接以软件和服务股票为代价，后者现在大约占对冲基金投资组合的 2%，反映出过去四年下降了 10 个百分点。</p>
</div><blockquote>
<p>Hedge funds are all-in on semiconductor stocks:</p>
<p>Semiconductor and semiconductor equipment stocks now account for 19% of total global hedge fund market exposure, the highest on record.</p>
<p>This percentage has more than DOUBLED since the start of 2026.</p>
<p>By comparison, semiconductor… pic.twitter.com/e3nQ3JpWsU</p>
<p>— The Kobeissi Letter (@KobeissiLetter) May 18, 2026</p>
</blockquote>
<div class="lb-trans"><blockquote>
<p>对冲基金全力押注半导体股票：</p>
<p>半导体及半导体设备股票现在占全球对冲基金市场敞口的 19%，创下历史最高。</p>
<p>这一比例自 2026 年初以来已经翻倍。</p>
<p>相比之下，半导体… pic.twitter.com/e3nQ3JpWsU</p>
<p>— The Kobeissi Letter (@KobeissiLetter) 2026 年 5 月 18 日</p>
</blockquote>
</div><p><strong>Read Also:</strong>
<strong>Exploring The Competitive Space: Micron Technology Versus Industry Peers In Semiconductors &amp; Semiconductor Equipment</strong></p>
<div class="lb-trans"><p><strong>另请阅读：</strong>
<strong>探索竞争空间：美光科技与半导体及半导体设备行业同行的对比</strong></p>
</div><h2><strong>Major Players Load Up On SOXX</strong></h2>
<div class="lb-trans"><h2><strong>主要参与者大量增持 SOXX</strong></h2>
</div><p>Recent 13F filings detailing first-quarter positioning for the <strong>iShares Semiconductor ETF</strong> (NASDAQ: SOXX) reveal exactly which institutions are driving this “extremely bullish” momentum.</p>
<div class="lb-trans"><p>最近的 13F 文件 详细说明了 <strong>iShares 半导体 ETF</strong> (NASDAQ: SOXX) 在第一季度的持仓情况，揭示了哪些机构正在推动这种 “极度看涨” 的势头。</p>
</div><p><strong>Susquehanna International Group</strong> executed a massive portfolio upgrade, boosting its SOXX holdings by 476%, jumping from 250,753 shares in the fourth quarter of 2025 to over 1.44 million shares in the first quarter of 2026.</p>
<div class="lb-trans"><p><strong>Susquehanna International Group</strong> 进行了大规模的投资组合升级，将其 SOXX 持股增加了 476%，从 2025 年第四季度的 250,753 股跃升至 2026 年第一季度的超过 144 万股。</p>
</div><p>Financial heavyweights <strong>Goldman Sachs</strong> and <strong>BNP Paribas</strong> also aggressively loaded up on the ETF. Goldman Sachs increased its position by 17% to 3.38 million shares, while BNP Paribas boosted its holdings by 58% to 1.85 million shares.</p>
<div class="lb-trans"><p>金融巨头 <strong>高盛</strong> 和 <strong>法国巴黎银行</strong> 也积极增持该 ETF。高盛将其持仓增加了 17%，达到 338 万股，而法国巴黎银行则将其持股增加了 58%，达到 185 万股。</p>
</div><h2><strong>Leaving Bear Market Behind</strong></h2>
<div class="lb-trans"><h2><strong>告别熊市</strong></h2>
</div><p>This record-breaking enthusiasm paints a stark contrast to the depths of the 2022 bear market, when semiconductor stocks represented less than 2% of global hedge fund exposure.</p>
<div class="lb-trans"><p>这种创纪录的热情与 2022 年熊市的低谷形成鲜明对比，当时 半导体股票 在全球对冲基金敞口中占比不足 2%。</p>
</div><p>Over this period, the semiconductor index, PHLX Semiconductor Sector, has rallied 57.66% year-to-date and 129.62% over the year, while the ETF tracking it, SOXX, gained 62.62% and 132.66% in the same period.</p>
<div class="lb-trans"><p>在此期间，半导体指数 PHLX 半导体行业年初至今上涨了 57.66%，全年上涨了 129.62%，而跟踪该指数的 ETF SOXX 在同一时期上涨了 62.62% 和 132.66%。</p>
</div><p>While the smart money is overwhelmingly chasing the chip rally, the bullishness is not unanimous. This comes as Morgan Stanley completely liquidated its 2.36 million share position in the SOXX ETF during the first quarter. Despite this exit, the broader data cements a historic institutional appetite for the industry.</p>
<div class="lb-trans"><p>尽管聪明的钱正在大举追逐芯片反弹，但这种看涨情绪并非一致。摩根士丹利在第一季度完全清算了其 236 万股的 SOXX ETF 持仓。尽管如此，整体数据巩固了机构对该行业的历史性需求。</p>
</div><p><strong>Read Also:</strong>
<strong>Stanley Druckenmiller Dumps Amazon And Alphabet While Loading Up On Commodities, Argentina And Biotech</strong></p>
<div class="lb-trans"><p><strong>另请阅读：</strong>
<strong>斯坦利·德鲁肯米勒抛售亚马逊和字母表，同时增持商品、阿根廷和生物技术</strong></p>
</div><p><strong><em>Disclaimer:</em></strong> <em>This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.</em></p>
<div class="lb-trans"><p><strong><em>免责声明：</em></strong> <em>本内容部分由 AI 工具生成，并由 Benzinga 编辑审核和发布。</em></p>
</div><p><em>Photo courtesy: Shutterstock</em></p>
<div class="lb-trans"><p><em>图片来源：Shutterstock</em></p>
</div>

Hedge Funds Go 'All-In' On Semiconductors As SOXX Exposure Hits Record Highs

benzinga_article

美光科技

高盛

法国巴黎银行(ADR)

摩根士丹利

GS Hldg R

MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

MORGAN STANLEY DEP SHS REPSTG 1/1000TH PFD SER Q

MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

MORGAN STANLEY DEP SHS REP 1/1000 NON-CUM PFD STK SER K

对冲基金在半导体领域全面投入，SOXX 的敞口达到历史最高水平