伯克希尔13F即将揭盅巴菲特的最后一季会有哪些操作？

智通财经网02-15

美东时间下周二(2月17日)是投资机构向美国SEC提交13F季度持仓文件的截止时间，外界预计伯克希尔-哈撒韦这次也将“掐点”发布该报告。鉴于沃伦·巴菲特去年年底卸任伯克希尔CEO一职，这份持仓报告吸引了足够多的关注，外界想弄明白“股神”在执掌公司的最后一个季度里采取了哪些操作。市场关注的关键问题包括：伯克希尔是否继续减持苹果(AAPL.US)和美银(BAC.US)，以及是否出售了巴菲特前得力干将...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/2611985123?lang=zh_CN&edition=full","thumbnail":"https://img.zhitongcaijing.com/image/20260215/20260215135114_60265.png?x-oss-process=image/format,jpg/quality,Q_80/resize,w_250","is_english":false,"pubTime":"2026-02-15 13:55","share_image_url":"https://static.laohu8.com/6ca2dcdccfa2217fb20a0351f4efe814","id":"2611985123","market":"us","top_or_hot":-1,"title":"伯克希尔13F即将揭盅 巴菲特的最后一季会有哪些操作？","media":"智通财经网","content":"<div>\n<p>美东时间下周二(2月17日)是投资机构向美国SEC提交13F季度持仓文件的截止时间，外界预计伯克希尔-哈撒韦这次也将“掐点”发布该报告。鉴于沃伦·巴菲特去年年底卸任伯克希尔CEO一职，这份持仓报告吸引了足够多的关注，外界想弄明白“股神”在执掌公司的最后一个季度里采取了哪些操作。市场关注的关键问题包括：伯克希尔是否继续减持苹果(AAPL.US)和美银(BAC.US)，以及是否出售了巴菲特前得力干将...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/1405560.html\">网页链接</a>\n\n</div>\n","source":"highlight_zhitongcaijin","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>伯克希尔13F即将揭盅 巴菲特的最后一季会有哪些操作？</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n伯克希尔13F即将揭盅 巴菲特的最后一季会有哪些操作？\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-02-15 13:55 北京时间&nbsp;&nbsp;&nbsp;<a href=http://www.zhitongcaijing.com/content/detail/1405560.html><strong>智通财经网</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>美东时间下周二(2月17日)是投资机构向美国SEC提交13F季度持仓文件的截止时间，外界预计伯克希尔-哈撒韦这次也将“掐点”发布该报告。鉴于沃伦·巴菲特去年年底卸任伯克希尔CEO一职，这份持仓报告吸引了足够多的关注，外界想弄明白“股神”在执掌公司的最后一个季度里采取了哪些操作。市场关注的关键问题包括：伯克希尔是否继续减持苹果(AAPL.US)和美银(BAC.US)，以及是否出售了巴菲特前得力干将...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/1405560.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1201861249.SGD","symbol_name":"Natixis Harris Associates US Equity PA SGD-H","start_time":0,"source_url":"http://www.zhitongcaijing.com/content/detail/1405560.html","article_id":"2611985123","we_media_id":null,"thumbnails":["https://img.zhitongcaijing.com/image/20260215/20260215135114_60265.png?x-oss-process=image/format,jpg/quality,Q_80/resize,w_250"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2611985123","pubTimestamp":1771134946,"columns":[],"sourceInfo":{"source_id":"highlight_zhitongcaijin","name":"智通财经网"},"weMediaInfo":null,"summary":"美东时间2月17日是投资机构向美国SEC提交13F季度持仓文件的截止时间，外界预计伯克希尔-哈撒韦这次也将“掐点”发布该报告。市场关注的关键问题包括：伯克希尔是否继续减持苹果和美银，以及是否出售了巴菲特前得力干将托德·库姆斯过往建立的仓位。","collect":0,"end_time":0,"defaultTopTitle":"zhitongcaijing.com","property":[],"viewcount":null,"language":"zh","relate_stocks":{"LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","BK4581":"高盛持仓","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","BRKW":"Roundhill BRKB WeeklyPay™ ETF","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU2168564065.EUR":"AZ ALLOCATION - TREND \"AAZ\" (EUR) ACC","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","LU2168563687.JPY":"AZ ALLOCATION - TREND \"AAZ\" (JPYHDG) ACC","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","BK4534":"瑞士信贷持仓","LU0234572021.USD":"高盛美国核心股票组合Acc","IE000M9KFDE8.USD":"NEUBERGER BERMAN US LARGE CAP VALUE \"A\" (USD) ACC","BK4585":"ETF&股票定投概念","LU2168564149.EUR":"AZ ALLOCATION - TREND \"BAZ\" (EUR) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","HK0000914686.HKD":"GFI Global Select Equity Fund Class A (HKD)","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","BK4176":"多领域控股","LU0251142724.SGD":"Fidelity America A-SGD","LU0251131958.USD":"FIDELITY AMERICA \"A\" (USD) ACC","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","HK0000914660.USD":"GFI Global Select Equity Fund Class A (USD)","LU1366333091.USD":"FIDELITY GLOBAL FOCUS \"A\" (USD) ACC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0154236417.USD":"BGF US FLEXIBLE EQUITY \"A2\" ACC","LU0683600562.USD":"AB SELECT US EQUITY \"A\" (USD) ACC","LU2487616109.SGD":"JPM AMERICA EQUITY \"A\" (SGD) ACC","LU2168564222.USD":"AZ ALLOCATION - TREND \"AAZ\" (USDHDG) ACC","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","BK4550":"红杉资本持仓","LU0157215616.USD":"FIDELITY GLOBAL FOCUS \"A\" INC","BK4588":"碎股","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU0210528500.USD":"JPM AMERICA EQUITY \"A\" ACC","LU0787776722.HKD":"AB SELECT US EQUITY PORTFOLIO \"A\" (HKD) ACC","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","BRKC":"YieldMax BRK.B Option Income ETF","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0971096721.USD":"富达环球金融服务 A","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","BRKD":"Direxion Daily BRKB Bear 1X Shares","LU2168564495.EUR":"AZ ALLOCATION - TREND \"AI\" (EUR) ACC","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","LU0149725797.USD":"汇丰美国股市经济规模基金","BRK.B":"伯克希尔B","BRKU":"2倍做多BRKB ETF-Direxion","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC"},"translate_title":"Berkshire 13F is about to reveal what will Buffett do in his final season?","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BRKD":0.6,"BRK.B":1.96,"BRKU":0.6,"BRKW":0.6,"BRKC":0.6},"content_text":"美东时间下周二(2月17日)是投资机构向美国SEC提交13F季度持仓文件的截止时间，外界预计伯克希尔-哈撒韦这次也将“掐点”发布该报告。鉴于沃伦·巴菲特去年年底卸任伯克希尔CEO一职，这份持仓报告吸引了足够多的关注，外界想弄明白“股神”在执掌公司的最后一个季度里采取了哪些操作。市场关注的关键问题包括：伯克希尔是否继续减持苹果(AAPL.US)和美银(BAC.US)，以及是否出售了巴菲特前得力干将托德·库姆斯(Todd Combs)过往建立的仓位。今年年初，格雷格·埃布尔(Greg  Abel)正式接替巴菲特担任伯克希尔CEO。库姆斯也曾一度是该职位的有力竞争者，去年12月他从伯克希尔离职，前往摩根大通履新。2025年前三季度，伯克希尔整体交易不太活跃，期间公司买入股票约135亿美元，同时卖出约240亿美元。根据WhaleWisdom的数据，其投资组合市值为2670亿美元。去年第三季度，伯克希尔建仓买入约1785万股谷歌A类股，均价约210美元。当时这笔投资引发讨论，外界猜测交易可能出自库姆斯等人的操作。如今该股已升至305美元，使这笔持仓价值达到约55亿美元。截至第三季度末，伯克希尔的前六大持仓分别为苹果、美国运通(AXP.US)、美国银行、可口可乐(KO.US)、雪佛龙(CVX.US)和西方石油(OXY.US)——这些大额持仓普遍认为是由巴菲特本人主导。其中，苹果和美银的持仓变化值得关注，三季度时两家股票被明显减持，苹果持股减少了近4200万股(与第二季度相比约为15%)，美银则减少了3700万股(超6%)。虽然两家仍为伯克希尔的重仓标的，但苹果持仓较峰值已缩水约75%，美银的持仓自2024年夏季以来几乎减半。与此同时，伯克希尔的现金储备再创新高。另一个看点是：伯克希尔是否会出售库姆斯任内建立的部分仓位。一些投资者认为，亚马逊、威瑞信、第一资本信贷、Visa、万事达等持仓可能是库姆斯主导的投资。约15年前，投资经理Lou  Simpson离开伯克希尔时，公司出售了他管理的多数持仓。2022年收购Alleghany后，公司也同样处理了其股票组合。本文转载自“财联社”，智通财经编辑：蒋远华。","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2611985123","isCrawlerRequest":true}

伯克希尔13F即将揭盅 巴菲特的最后一季会有哪些操作？

精彩评论

伯克希尔13F即将揭盅巴菲特的最后一季会有哪些操作？