AI行业大洗牌!桥水Q1加码AI芯片与云硬件，清仓赛富时(CRM.US)等软件股

智通财经05-16

智通财经APP获悉，根据美国证券交易委员会(SEC)披露，桥水基金(Bridgewater Associates)递交了截至2026年3月31日的第一季度持仓报告(13F)。统计数据显示，桥水第一季度持仓总市值达224亿美元，上一季度总市值为274亿美元。桥水在第一季度的持仓组合中新增了214只个股，增持了292只个股;同时，桥水减持487只个股，清仓261只个股。其中，桥水的前十大持仓标的占总...

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袁老板117
05-17
袁老板117
长年跑不赢大盘的基金公司，不用管他，loser罢了

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Bridgewater Q1 Overweight AI Chips and Cloud Hardware, Clearing Software Stocks such as Salesforce (CRM.US)","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/2176b104468714432b3208e96e9f7df6","symbols_score_info":{"SPY":1.86,"MU":1.88,"MA":1.75,"CRMG":0.6,"TSM":1.9,"NVDA":1.91,"GOOGL":1.84,"AVGO":1.88,"IVV":1.85,".SPX":1.85,"CRM":1.92,"ADBE":1.81,"MSFT":1.83,"AMZN":1.89,"BKNG":1.75},"content_text":"智通财经APP获悉，根据美国证券交易委员会(SEC)披露，桥水基金(Bridgewater Associates)递交了截至2026年3月31日的第一季度持仓报告(13F)。统计数据显示，桥水第一季度持仓总市值达224亿美元，上一季度总市值为274亿美元。桥水在第一季度的持仓组合中新增了214只个股，增持了292只个股;同时，桥水减持487只个股，清仓261只个股。其中，桥水的前十大持仓标的占总市值的40.65%。在前五大重仓股中，标普500指数ETF-SPDR(SPY.US)位列第一，持仓约436万股，持仓市值约为28.38亿美元，占投资组合比例为12.67%。标普500指数ETF-iShares(IVV.US)位列第二，持仓约268万股，持仓市值约为17.50亿美元，占投资组合比例为7.81%。亚马逊(AMZN.US)位列第三，持仓约438万股，持仓市值约为9.14亿美元，占投资组合比例为4.08%。英伟达(NVDA.US)位列第四，持仓约469万股，持仓市值约为8.18亿美元，占投资组合比例为3.65%。谷歌(GOOGL.US)位列第五，持仓约199万股，持仓市值约为5.74亿美元，占投资组合比例为2.56%。桥水的第六到第十大重仓股分别为：博通(AVGO.US)、美光科技(MU.US)、微软(MSFT.US)、GE Vernova(GEV.US)、台积电(TSM.US)。桥水基金2026年第一季度显著调整美股仓位，大幅加仓以台积电、英伟达为代表的AI核心硬件与算力芯片巨头，同时清仓了赛富时等部分面临AI冲击的传统企业级软件股。报告显示，电商与云服务巨头亚马逊在第一季度获得了桥水最大幅度的增持。与此同时，桥水继续全面收割AI军备竞赛的上游红利，对人工智能领头羊英伟达、科技巨头谷歌、微软以及半导体标杆博通和美光科技进行了大幅度的加仓。更令市场瞩目的是，桥水在本季度重新大举建仓台积电，期末持仓市值直接飙升至3.64亿美元。这一系列动作表明，在AI算力需求持续井喷的当下，桥水认同芯片、半导体供应链以及超大规模云服务商作为AI行业核心“铲子股”的绝对确定性，并倾注了真金白银的重兵进行防守与进攻。与加大硬件配置相呼应，桥水在本季度对企业级SaaS(软件即服务)行业进行了显著减仓。2026年年初，市场关于“AI普及可能削弱企业对传统高额办公软件依赖”的讨论升温，引发了对部分传统SaaS服务商商业模式的担忧，相关软件股出现不同程度的回撤。在此背景下，桥水在最新一季度采取了明确的调整行动：彻底清空了赛富时，并对数字办公软件巨头Adobe实施了大幅减持。桥水这一“增硬件、减软件”的调仓姿态，反映出部分华尔街宏观策略基金已将对AI颠覆传统软件行业的理论担忧，逐步付诸于实际的投资组合调整之中。从持仓比例变化来看，前五大买入标的分别是：亚马逊、台积电、美光科技、博通、英伟达。前五大卖出标的包括：标普500指数ETF-iShares、赛富时(CRM.US)、Adobe(ADBE.US)、Booking Holdings(BKNG.US)、万事达(MA.US)。回顾桥水过去几个季度的历史动向可以发现，该基金在AI领域的布局并非一成不变，而是呈现出宏观审慎的动态调整特征。以算力核心英伟达为例，桥水在2025年第二季度大幅加仓后，于第三季度因估值等因素考量减持了近三分之二的仓位，随后又在第四季度伴随AI需求的持续释放选择反手增持，直至2026年首季进一步深化与硬件生态的绑定。","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"shareholding","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[{"id":565111657256872,"gmtCreate":1779001104618,"gmtModify":1779009536093,"author":{"id":"3573164402650618","authorId":"3573164402650618","name":"袁老板117","avatar":"https://static.tigerbbs.com/e758bd60ef47bcbf996ad962139a47ff","vip":1,"crmLevel":7,"crmLevelSwitch":0,"wearingBadges":[],"authorIdStr":"3573164402650618","idStr":"3573164402650618"},"htmlText":"长年跑不赢大盘的基金公司，不用管他，loser罢了","listText":"长年跑不赢大盘的基金公司，不用管他，loser罢了","text":"长年跑不赢大盘的基金公司，不用管他，loser罢了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/565111657256872","repostId":2635542700,"repostType":2,"repost":{"id":"2635542700","kind":"news","pubTimestamp":1778903082,"share":"https://www.laohu8.com/m/news/2635542700?lang=zh_CN&edition=full","pubTime":"2026-05-16 11:44","market":"us","language":"zh","title":"AI行业大洗牌!桥水Q1加码AI芯片与云硬件，清仓赛富时(CRM.US)等软件股","url":"https://stock-news.laohu8.com/highlight/detail?id=2635542700","media":"智通财经","summary":"桥水基金2026年第一季度显著调整美股仓位，大幅加仓以台积电、英伟达为代表的AI核心硬件与算力芯片巨头，同时清仓了赛富时等部分面临AI冲击的传统企业级软件股。更令市场瞩目的是，桥水在本季度重新大举建仓台积电，期末持仓市值直接飙升至3.64亿美元。","content":"<html><body><p>智通财经APP获悉，根据美国证券交易委员会(SEC)披露，桥水基金(Bridgewater Associates)递交了截至2026年3月31日的第一季度持仓报告(13F)。</p><p>统计数据显示，桥水第一季度持仓总市值达224亿美元，上一季度总市值为274亿美元。桥水在第一季度的持仓组合中新增了214只个股，增持了292只个股;同时，桥水减持487只个股，清仓261只个股。其中，桥水的前十大持仓标的占总市值的40.65%。</p><p><img src=\"https://img.zhitongcaijing.com/image/20260516/1778900341665366.png\" title=\"1778900341665366.png\"/></p><p>在前五大重仓股中，<a href=\"https://laohu8.com/S/161125\">标普500</a>指数ETF-SPDR(SPY.US)位列第一，持仓约436万股，持仓市值约为28.38亿美元，占投资组合比例为12.67%。</p><p>标普500指数ETF-<a href=\"https://laohu8.com/S/EEMA\">iShares</a>(IVV.US)位列第二，持仓约268万股，持仓市值约为17.50亿美元，占投资组合比例为7.81%。</p><p><a href=\"https://laohu8.com/S/AMZN\">亚马逊</a>(AMZN.US)位列第三，持仓约438万股，持仓市值约为9.14亿美元，占投资组合比例为4.08%。</p><p><a href=\"https://laohu8.com/S/NVDA\">英伟达</a>(NVDA.US)位列第四，持仓约469万股，持仓市值约为8.18亿美元，占投资组合比例为3.65%。</p><p><a href=\"https://laohu8.com/S/GOOG\">谷歌</a>(GOOGL.US)位列第五，持仓约199万股，持仓市值约为5.74亿美元，占投资组合比例为2.56%。</p><p>桥水的第六到第十大重仓股分别为：<a href=\"https://laohu8.com/S/AVGO\">博通</a>(AVGO.US)、<a href=\"https://laohu8.com/S/MU\">美光科技</a>(MU.US)、<a href=\"https://laohu8.com/S/MSFT\">微软</a>(MSFT.US)、<a href=\"https://laohu8.com/S/GEV\">GE Vernova</a>(GEV.US)、台积电(TSM.US)。</p><p><img src=\"https://img.zhitongcaijing.com/image/20260516/1778900695590451.png\" title=\"1778900695590451.png\"/></p><p>桥水基金2026年第一季度显著调整美股仓位，大幅加仓以<a href=\"https://laohu8.com/S/TSM\">台积电</a>、英伟达为代表的AI核心硬件与算力芯片巨头，同时清仓了<a href=\"https://laohu8.com/S/CRM\">赛富时</a>等部分面临AI冲击的传统企业级软件股。</p><p>报告显示，电商与云服务巨头亚马逊在第一季度获得了桥水最大幅度的增持。与此同时，桥水继续全面收割AI军备竞赛的上游红利，对人工智能领头羊英伟达、科技巨头<a href=\"https://laohu8.com/S/GOOGL\">谷歌</a>、微软以及半导体标杆<a href=\"https://laohu8.com/S/600455\">博通</a>和美光科技进行了大幅度的加仓。</p><p>更令市场瞩目的是，桥水在本季度重新大举建仓台积电，期末持仓市值直接飙升至3.64亿美元。这一系列动作表明，在AI算力需求持续井喷的当下，桥水认同芯片、半导体供应链以及超大规模云服务商作为AI行业核心“铲子股”的绝对确定性，并倾注了真金白银的重兵进行防守与进攻。</p><p>与加大硬件配置相呼应，桥水在本季度对企业级SaaS(软件即服务)行业进行了显著减仓。2026年年初，市场关于“AI普及可能削弱企业对传统高额办公软件依赖”的讨论升温，引发了对部分传统SaaS服务商商业模式的担忧，相关软件股出现不同程度的回撤。</p><p>在此背景下，桥水在最新一季度采取了明确的调整行动：彻底清空了赛富时，并对数字办公软件巨头<a href=\"https://laohu8.com/S/ADBE\">Adobe</a>实施了大幅减持。桥水这一“增硬件、减软件”的调仓姿态，反映出部分华尔街宏观策略基金已将对AI颠覆传统软件行业的理论担忧，逐步付诸于实际的投资组合调整之中。</p><p>从持仓比例变化来看，前五大买入标的分别是：亚马逊、台积电、美光科技、博通、英伟达。</p><p>前五大卖出标的包括：标普500指数ETF-iShares、赛富时(CRM.US)、Adobe(ADBE.US)、<a href=\"https://laohu8.com/S/BKNG\">Booking Holdings</a>(BKNG.US)、万事达(MA.US)。</p><p><img src=\"https://img.zhitongcaijing.com/image/20260516/1778900578405722.png\" title=\"1778900578405722.png\"/></p><p>回顾桥水过去几个季度的历史动向可以发现，该基金在AI领域的布局并非一成不变，而是呈现出宏观审慎的动态调整特征。以算力核心英伟达为例，桥水在2025年第二季度大幅加仓后，于第三季度因估值等因素考量减持了近三分之二的仓位，随后又在第四季度伴随AI需求的持续释放选择反手增持，直至2026年首季进一步深化与硬件生态的绑定。</p></body></html>","source":"stock_zhitongcaijing","collect":0,"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>AI行业大洗牌!桥水Q1加码AI芯片与云硬件，清仓赛富时(CRM.US)等软件股</title>\n<style 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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\">\nAI行业大洗牌!桥水Q1加码AI芯片与云硬件，清仓赛富时(CRM.US)等软件股\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-05-16 11:44 北京时间&nbsp;&nbsp;&nbsp;<a href=http://www.zhitongcaijing.com/content/detail/1442579.html><strong>智通财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>智通财经APP获悉，根据美国证券交易委员会(SEC)披露，桥水基金(Bridgewater Associates)递交了截至2026年3月31日的第一季度持仓报告(13F)。统计数据显示，桥水第一季度持仓总市值达224亿美元，上一季度总市值为274亿美元。桥水在第一季度的持仓组合中新增了214只个股，增持了292只个股;同时，桥水减持487只个股，清仓261只个股。其中，桥水的前十大持仓标的占总...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/1442579.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU2265009873.SGD":"Eastspring Investments - Global Growth Equity AS SGD-H","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","BK4567":"ESG概念","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU1496350171.SGD":"FRANKLIN DIVERSIFIED BALANCED \"A\" (SGDHDG) ACC","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","BK4528":"SaaS概念",".SPX":"S&P 500 Index","LU1823568750.SGD":"Fidelity Global Technology A-ACC SGD","BK4505":"高瓴资本持仓","LU0157215616.USD":"FIDELITY GLOBAL FOCUS \"A\" 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INC"},"source_url":"http://www.zhitongcaijing.com/content/detail/1442579.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2635542700","content_text":"智通财经APP获悉，根据美国证券交易委员会(SEC)披露，桥水基金(Bridgewater Associates)递交了截至2026年3月31日的第一季度持仓报告(13F)。统计数据显示，桥水第一季度持仓总市值达224亿美元，上一季度总市值为274亿美元。桥水在第一季度的持仓组合中新增了214只个股，增持了292只个股;同时，桥水减持487只个股，清仓261只个股。其中，桥水的前十大持仓标的占总市值的40.65%。在前五大重仓股中，标普500指数ETF-SPDR(SPY.US)位列第一，持仓约436万股，持仓市值约为28.38亿美元，占投资组合比例为12.67%。标普500指数ETF-iShares(IVV.US)位列第二，持仓约268万股，持仓市值约为17.50亿美元，占投资组合比例为7.81%。亚马逊(AMZN.US)位列第三，持仓约438万股，持仓市值约为9.14亿美元，占投资组合比例为4.08%。英伟达(NVDA.US)位列第四，持仓约469万股，持仓市值约为8.18亿美元，占投资组合比例为3.65%。谷歌(GOOGL.US)位列第五，持仓约199万股，持仓市值约为5.74亿美元，占投资组合比例为2.56%。桥水的第六到第十大重仓股分别为：博通(AVGO.US)、美光科技(MU.US)、微软(MSFT.US)、GE Vernova(GEV.US)、台积电(TSM.US)。桥水基金2026年第一季度显著调整美股仓位，大幅加仓以台积电、英伟达为代表的AI核心硬件与算力芯片巨头，同时清仓了赛富时等部分面临AI冲击的传统企业级软件股。报告显示，电商与云服务巨头亚马逊在第一季度获得了桥水最大幅度的增持。与此同时，桥水继续全面收割AI军备竞赛的上游红利，对人工智能领头羊英伟达、科技巨头谷歌、微软以及半导体标杆博通和美光科技进行了大幅度的加仓。更令市场瞩目的是，桥水在本季度重新大举建仓台积电，期末持仓市值直接飙升至3.64亿美元。这一系列动作表明，在AI算力需求持续井喷的当下，桥水认同芯片、半导体供应链以及超大规模云服务商作为AI行业核心“铲子股”的绝对确定性，并倾注了真金白银的重兵进行防守与进攻。与加大硬件配置相呼应，桥水在本季度对企业级SaaS(软件即服务)行业进行了显著减仓。2026年年初，市场关于“AI普及可能削弱企业对传统高额办公软件依赖”的讨论升温，引发了对部分传统SaaS服务商商业模式的担忧，相关软件股出现不同程度的回撤。在此背景下，桥水在最新一季度采取了明确的调整行动：彻底清空了赛富时，并对数字办公软件巨头Adobe实施了大幅减持。桥水这一“增硬件、减软件”的调仓姿态，反映出部分华尔街宏观策略基金已将对AI颠覆传统软件行业的理论担忧，逐步付诸于实际的投资组合调整之中。从持仓比例变化来看，前五大买入标的分别是：亚马逊、台积电、美光科技、博通、英伟达。前五大卖出标的包括：标普500指数ETF-iShares、赛富时(CRM.US)、Adobe(ADBE.US)、Booking Holdings(BKNG.US)、万事达(MA.US)。回顾桥水过去几个季度的历史动向可以发现，该基金在AI领域的布局并非一成不变，而是呈现出宏观审慎的动态调整特征。以算力核心英伟达为例，桥水在2025年第二季度大幅加仓后，于第三季度因估值等因素考量减持了近三分之二的仓位，随后又在第四季度伴随AI需求的持续释放选择反手增持，直至2026年首季进一步深化与硬件生态的绑定。","news_type":1,"symbols_score_info":{"SPY":1.86,"MU":1.88,"MA":1.75,"CRMG":0.6,"TSM":1.9,"NVDA":1.91,"GOOGL":1.84,"AVGO":1.88,"IVV":1.85,".SPX":1.85,"CRM":1.92,"ADBE":1.81,"MSFT":1.83,"AMZN":1.89,"BKNG":1.75}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":1,"repostSize":1,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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