再见阿郎高盛揭秘10万亿美元AI持仓版图 对冲基金与共同基金有哪些不同？_我的网站
A | 在持续火爆但波动性极高的人工智能（AI）交易中，高盛最新报告或许能让人一窥专业投资者的思路。 Today marks a beautiful milestone for one of Bollywood’s most beloved couples, Vicky Kaushal and Katrina Kaif, as they celebrate their fourth wedding anniversary. The day instantly became special for fans when Vicky Kaushal shared a romantic picture on his Instagram handle, giving a glimpse into their lives as a couple and now, as new parents. The post, which quickly went viral, is being celebrated as their first picture together since they welcomed their baby boy last month. In the lovely selfie, the couple looks absolutely radiant, with a glow of happiness. Katrina is seen leaning comfortably next to Vicky, who holds her close, both smiling lovingly at the camera. Capturing the simplicity and depth of their bond, Vicky used a simple yet heartfelt caption, exactly as he wrote it: " Celebrating today… blissful, grateful and sleep deprived. Happy 4 to us." This post perfectly sums up the joy they are experiencing as they enter a new chapter, marking four years of togetherness that have truly elevated their journey. View this post on Instagram A post shared by Vicky Kaushal (@vickykaushal09) The reason their fourth anniversary is extra special this year is the arrival of their first child. Just last month, in November, the couple was blessed with a baby boy. They shared the wonderful news with a heartwarming joint post on November 7, which read, “Our bundle of joy has arrived. With immense love and gratitude, we welcome our baby boy. 7th November 2025. – Katrina & Vicky.” Vicky has recently spoken about this life-changing phase, describing fatherhood as the most grounding moment he has ever experienced. It’s clear that their little one has brought unimaginable happiness and fulfillment to the Kaushal household. Looking back, the couple’s journey started with a grand but highly private wedding in December 2021. Their intimate, royal-style ceremony was held at the breathtaking Six Senses Fort Barwara in Sawai Madhopur, Rajasthan. The marriage was a beautiful fairytale moment for the couple and for their fans as well. On the work front, Vicky Kaushal is now preparing for his next massive project, Love & War. The film is a highly anticipated venture that will also star Ranbir Kapoor and Alia Bhatt and is directed by Sanjay Leela Bhansali. Fans are eagerly waiting for this movie, which is scheduled for release next year.Also Read: Katrina Kaif reveals her father-in-law Sham Kaushal and husband Vicky Kaushal’s reaction to Tiger 3。 高盛表示，对冲基金对人工智能交易的敞口仍然比共同基金更大，但两类基金在2026年第二季度都调整了人工智能股票的仓位。而且，它们对于大型科技股和半导体等个股的选择也截然不同。 这些发现基于高盛的《季度对冲基金趋势监测报告》和《共同基金基本面》报告，该报告分析了截至2026年第三季度初，991家持有5.4万亿美元总股票头寸的对冲基金和504家持有4.6万亿美元股票资产的大型主动型共同基金的持仓情况。 先说相同之处：报告显示，上个季度对冲基金和共同基金都增持了Bloom Energy、Flex和希捷科技的股票。Bloom Energy和Flex提供AI数据中心的电力和制造基础设施，希捷科技则直接受益于AI存储需求的爆发式增长。
B | 简单而言，两类机构在人工智能基础设施领域达成了广泛共识。 高盛在第二季度整理出12只同时获得对冲基金和共同基金增持的AI基础设施股票：美国电力公司、AXT、Bloom Energy、CoreWeave、Flex、Lion Electric、NiSource、Sanmina、SiTime、希捷科技、Talen能源和Xcel能源。 然而，在大型科技股和半导体个股上，两类机构态度截然不同：高盛指出，在市值巨大的人工智能公司中，对冲基金在本季度抛售了大部分股票，只有微软和亚马逊是例外，对冲基金买入了这两只股票。然而，共同基金在本季度却抛售了这两只股票。
C | 具体而言，对冲基金减持了以下几家大型AI公司：Alphabet、Meta Platforms、英伟达、博通、泛林集团、迈威尔科技、思科系统、慧与科技和应用材料。 另一方面，共同基金买入了AMD、美光科技和闪迪的股票，而对冲基金则卖出了这三只股票。
D | 高盛指出，近几个月来，对冲基金的回报及其最受欢迎持仓的回报与人工智能交易的波动密切相关，而今年人工智能基础设施股票在共同基金投资组合中的权重大幅上升，但未能跟上基准权重的步伐，导致共同基金在该领域的权重严重不足。 高盛数据还显示，在追踪的所有AI相关股票中，英伟达是共同基金低配幅度最大的股票，平均低配幅度约为100个基点。AMD的低配幅度约为60个基点。 除了人工智能配置之外，高盛数据还显示，对冲基金和共同基金目前都超配金融板块。这在高盛历史数据中第三次出现。这两个集团买入的大盘股包括第一资本金融公司（Capital One Financial）、Corpay、Fiserv和盈透证券（Interactive Brokers Group）。
E | 数据显示，第二季度，对冲基金对金融板块的净持仓增加了300多个基点，达到全球金融危机以来该板块的最大持仓；而共同基金对金融板块的持仓也增加到至少2012年以来的最大超配水平。 此外，两类基金都大幅超配医疗保健板块，但在消费板块的配置倾向上有所不同。对冲基金超配可选消费板块，低配必需消费板块，而共同基金则持相反立场。 高盛还确定了本季度对冲基金和共同基金投资组合中最受欢迎的六只股票：波音、第一资本金融公司、万事达卡、SpaceX、赛默飞世尔科技和Visa。
F | 该行指出，由这些共同青睐的股票组成的滚动投资组合年初至今已累计回报29%，跑赢标普500等权重指数16%的回报率。 Current article:http://vb8kf.jiubengtaibingpengou.pics/news/20260826_5592923.html Published on:06:48:57 |
（文章来源：科创板日报）。