价投巨人的肩膀
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MA · 金融

万事达卡

Mastercard Inc

2026 Q2：16 位巨人持有，综合权重 1.74%，共识排名第 5；本季 7 位买入、5 位卖出。季末价 $513.60（2026-06-30）。

持有人数
16
上季 15 位
综合权重
1.74%
共识排名第 5
季末价
$513.60
2026-06-30
巨人的平均成本估
$306.72
季末价比这个平均高 67%（每位巨人的成本各算一次）

16 位巨人持有

依占投资组合比重排序；点名字看那位巨人的持股历程。

怎么看？

估计平均成本：每次增持的股数 ×（季初价＋季末价）÷ 2 的加权平均；1999 年第一季（或这位巨人最早的电子申报）之前就持有的，从那个季度的季末价起算。13F 看不到实际成交价。

巨人?占投资组合股数（万股）市值（亿美元）首次买入持有季度数?估计平均成本?相对成本本季动向
Chuck Akre20.0%19910.222010 Q166$71.10+622%减持
Dev Kantesaria17.6%1075.472016 Q439$326.55起算点+57%减持
盖伊·斯皮尔14.3%40.212014 Q447$86.16起算点+496%不变
Mark Massey9.3%763.932014 Q447$404.22起算点+27%增持
Tom Russo8.8%1527.822008 Q372$29.32+1,652%减持
C.T. Fitzpatrick7.9%502.582010 Q463$322.27起算点+59%增持
比尔·艾克曼5.6%21210.912026 Q21$506.63+1%新建仓
Wally Weitz5.2%150.752014 Q447$106.68+381%减持
泰瑞·史密斯4.6%1648.412026 Q21$506.63+1%新建仓
Jensen4.3%351.792015 Q344$215.11+139%减持
AKO Capital2.3%190.982025 Q43$548.31−6%增持
汤姆·盖纳0.8%211.072011 Q360$95.88+436%不变
Francois Rochon0.5%30.152015 Q146$363.87起算点+41%增持
Yacktman0.1%10.062020 Q126$296.98+73%不变
Christopher Bloomstran<0.1%<1<0.012026 Q12$535.27−4%不变
Glenn Greenberg<0.1%<10.012024 Q38$492.53+4%增持

成本地图：16 位中有 14 位的估计成本低于季末价

每一行是一位巨人：圆点是估计平均成本（越大＝占投资组合越重），金色直线是最新季末价。

成本低于季末价（账面浮盈）成本高于季末价（账面浮亏）季末价
成本地图$200$400Tom RussoChuck Akre盖伊·斯皮尔汤姆·盖纳Wally WeitzJensenYacktmanC.T. FitzpatrickDev KantesariaFrancois RochonMark MasseyGlenn Greenberg比尔·艾克曼泰瑞·史密斯Christopher BloomstranAKO Capital成本地图$200$400Tom RussoChuck Akre盖伊·斯皮尔汤姆·盖纳Wally WeitzJensenYacktmanC. FitzpatrickDev KantesariaFrancois RochonMark MasseyGlenn Greenberg比尔·艾克曼泰瑞·史密斯C. BloomstranAKO Capital

季末价走势（已按拆股调整）

2006 Q3 起，也就是巨人第一次持有的那个季度；悬停看当季持有人数与买卖人数。

怎么看？

价格是 13F 申报的季末市值 ÷ 股数，约等于季末收盘价，不是即时价格；拆股前的价格已换算成今天的股数。

季末价走势$0200400600金融危机疫情暴跌2006 Q32008 Q32010 Q32012 Q32014 Q32016 Q32018 Q32020 Q32022 Q32026 Q2季末价走势$0200400600金融危机疫情暴跌2006 Q32011 Q32016 Q32026 Q2

越来越多还是越来越少巨人持有

持有人数

持有人数05101520金融危机疫情暴跌2006 Q32008 Q32010 Q32012 Q32014 Q32016 Q32018 Q32020 Q32022 Q32026 Q2持有人数05101520金融危机疫情暴跌2006 Q32011 Q32016 Q32026 Q2

每季度买家与卖家（近 20 个季度）

买入卖出
每季度买家与卖家人数10505102021 Q32022 Q12022 Q32023 Q12023 Q32024 Q12024 Q32025 Q12025 Q32026 Q2每季度买家与卖家人数10505102024 Q32025 Q12025 Q32026 Q2

综合权重（悬停看排名）

综合权重%00.51.01.52.0金融危机疫情暴跌2006 Q32008 Q32010 Q32012 Q32014 Q32016 Q32018 Q32020 Q32022 Q32026 Q2综合权重%00.51.01.52.0金融危机疫情暴跌2006 Q32011 Q32016 Q32026 Q2

持股历程

点开一位巨人：他从什么时候开始持有、哪几季买卖、估计成本怎么变化。表格只列有买卖的季度和最新一季。

怎么看？

图中的价格与成本都换算成今天的股数（已按拆股调整）；表格里是当季实际的数字。估计成交价＝（季初价＋季末价）÷ 2，只代表大致价位。

Chuck Akre 20.0%·2010 Q1 起

巨人页 →

季末价累计估计成本估计成交价（买／卖）
持股历程$0200400600疫情暴跌2010 Q12011 Q42013 Q32015 Q22017 Q12018 Q42020 Q32022 Q22024 Q12026 Q2持股历程$0200400600疫情暴跌2010 Q12014 Q22018 Q32026 Q2
季度动作股数变动（万股）持股（万股）占投资组合季初价 → 季末价估计成交价累计估计成本
2026 Q2减持−2919920.0%$499.66 → $513.60$506.63$71.10
2026 Q1减持−7222818.6%$570.88 → $499.66$535.27$71.10
2025 Q4减持−1530118.8%$568.81 → $570.88$569.84$71.10
2025 Q3减持−1431617.9%$561.94 → $568.81$565.38$71.10
2025 Q2减持−433018.1%$548.12 → $561.94$555.03$71.10
2025 Q1减持−3733317.6%$526.57 → $548.12$537.35$71.10
2024 Q4减持−2237016.9%$493.80 → $526.57$510.19$71.10
2024 Q3减持−1239216.1%$441.16 → $493.80$467.48$71.10
2024 Q2减持−5740415.7%$481.57 → $441.16$461.37$71.10
2024 Q1减持−4546118.4%$426.51 → $481.57$454.04$71.10
2023 Q4减持−7950618.2%$395.91 → $426.51$411.21$71.10
2020 Q2增持+1058813.1%$241.56 → $295.70$268.63$71.10
2020 Q1增持+4657913.6%$298.59 → $241.56$270.07$67.77
2017 Q1增持+635339.9%$103.25 → $112.47$107.86$50.32
2015 Q3增持+384719.8%$93.48 → $90.12$91.80$42.64
2015 Q2增持+74339.7%$86.39 → $93.48$89.93$38.37
2014 Q2增持+324289.1%$74.70 → $73.47$74.09$37.55
2014 Q1：拆股，每 1 股变成 10 股；以下是拆股前的股数与价格
2013 Q2增持+54010.3%$541.13 → $574.50$557.82$346.45
2012 Q3增持+13412.1%$430.11 → $451.48$440.79$312.90
2012 Q2增持+63411.7%$420.54 → $430.11$425.32$310.88
2012 Q1增持+82811.6%$372.82 → $420.54$396.68$285.01
2011 Q4增持+<11911.1%$317.16 → $372.82$344.99$236.06
2011 Q3增持+<11911.4%$301.34 → $317.16$309.25$233.38
2011 Q2增持+31910.0%$251.72 → $301.34$276.53$232.76
2011 Q1增持+2167.8%$224.11 → $251.72$237.91$225.53
2010 Q4增持+8146.6%$224.00 → $224.11$224.05$223.82
2010 Q3增持+363.4%$199.53 → $224.00$211.77$223.50
2010 Q2增持+231.7%$254.00 → $199.53$226.77$235.23
2010 Q1新建仓+110.7%$255.98 → $254.00$254.99$254.99
Dev Kantesaria 17.6%·2016 Q4 起

巨人页 →

季末价累计估计成本估计成交价（买／卖）
持股历程$0200400600疫情暴跌2018 Q32019 Q32020 Q32021 Q32022 Q32023 Q32024 Q32026 Q2持股历程$0200400600疫情暴跌2018 Q32020 Q32022 Q32026 Q2
季度动作股数变动（万股）持股（万股）占投资组合季初价 → 季末价估计成交价累计估计成本
2026 Q2减持−4210717.6%$499.66 → $513.60$506.63$326.55
2023 Q1减持−714920.5%$347.73 → $363.41$355.57$326.55
2022 Q4减持−215622.0%$284.34 → $347.73$316.04$326.55
2022 Q2增持+315722.2%$357.38 → $315.48$336.43$326.55
2022 Q1增持+1015421.0%$359.32 → $357.38$358.35$326.34
2021 Q4增持+614419.6%$347.68 → $359.32$353.50$324.09
2021 Q3增持+313819.1%$365.09 → $347.68$356.39$322.82
2021 Q2增持+113519.2%$356.05 → $365.09$360.57$322.12
2021 Q1增持+6713422.6%$356.94 → $356.05$356.49$321.82
2020 Q4增持+236822.4%$338.17 → $356.94$347.55$287.70
2020 Q3增持+<14416.3%$295.70 → $338.17$316.93$256.48
2020 Q2增持+274415.9%$241.56 → $295.70$268.63$256.00
2020 Q1增持+9189.0%$298.59 → $241.56$270.07$236.91
2019 Q4增持+184.9%$271.57 → $298.59$285.08$201.43
2019 Q3增持+484.7%$264.53 → $271.57$268.05$192.72
2018 Q4增持+<142.6%$222.61 → $188.65$205.63$106.11
盖伊·斯皮尔 14.3%·2014 Q4 起

巨人页 →

季末价累计估计成本估计成交价（买／卖）
持股历程$0200400600疫情暴跌2016 Q32017 Q32018 Q32019 Q32020 Q32021 Q32022 Q32023 Q32024 Q32026 Q2持股历程$0200400600疫情暴跌2016 Q32019 Q12021 Q32026 Q2
季度动作股数变动（万股）持股（万股）占投资组合季初价 → 季末价估计成交价累计估计成本
2026 Q2不变—414.3%$499.66 → $513.60—$86.16
2025 Q4减持−3415.5%$568.81 → $570.88$569.84$86.16
Mark Massey 9.3%·2014 Q4 起

巨人页 →

季末价累计估计成本估计成交价（买／卖）
持股历程$0200400600疫情暴跌2016 Q32017 Q32018 Q32019 Q32020 Q32021 Q32022 Q32023 Q32024 Q32026 Q2持股历程$0200400600疫情暴跌2016 Q32019 Q12021 Q32026 Q2
季度动作股数变动（万股）持股（万股）占投资组合季初价 → 季末价估计成交价累计估计成本
2026 Q2增持+24769.3%$499.66 → $513.60$506.63$404.22
2026 Q1减持−2526.3%$570.88 → $499.66$535.27$356.89
2025 Q4减持−4546.1%$568.81 → $570.88$569.84$356.89
2024 Q4减持−3596.2%$493.80 → $526.57$510.19$356.89
2024 Q3增持+35626.0%$441.16 → $493.80$467.48$356.89
2024 Q1减持−<1272.8%$426.51 → $481.57$454.04$210.69
2023 Q4减持−1272.6%$395.91 → $426.51$411.21$210.69
2023 Q3减持−1282.8%$393.30 → $395.91$394.61$210.69
2023 Q1减持−1292.9%$347.73 → $363.41$355.57$210.69
2022 Q4减持−3303.3%$284.34 → $347.73$316.04$210.69
2022 Q3增持+8333.1%$315.48 → $284.34$299.91$210.69
2022 Q2减持−<1252.4%$357.38 → $315.48$336.43$182.06
2021 Q4增持+8252.4%$347.68 → $359.32$353.50$182.06
2020 Q4减持−21182.6%$338.17 → $356.94$347.55$109.11
2020 Q3减持−2396.2%$295.70 → $338.17$316.93$109.11
2020 Q2增持+5416.2%$241.56 → $295.70$268.63$109.11
2020 Q1减持−4365.6%$298.59 → $241.56$270.07$87.07
2017 Q1减持−1406.6%$103.25 → $112.47$107.86$87.07
Tom Russo 8.8%·2008 Q3 起

巨人页 →

季末价累计估计成本估计成交价（买／卖）
持股历程$0200400600金融危机疫情暴跌2008 Q32010 Q22013 Q32015 Q22017 Q12018 Q42020 Q32022 Q22024 Q12026 Q2持股历程$0200400600金融危机疫情暴跌2008 Q32014 Q22018 Q32026 Q2
季度动作股数变动（万股）持股（万股）占投资组合季初价 → 季末价估计成交价累计估计成本
2026 Q2减持−31528.8%$499.66 → $513.60$506.63$29.32
2026 Q1减持−31569.1%$570.88 → $499.66$535.27$29.32
2025 Q4减持−31599.8%$568.81 → $570.88$569.84$29.32
2025 Q3减持−61629.9%$561.94 → $568.81$565.38$29.32
2025 Q2减持−316810.1%$548.12 → $561.94$555.03$29.32
2025 Q1减持−1717210.5%$526.57 → $548.12$537.35$29.32
2024 Q4减持−1318811.2%$493.80 → $526.57$510.19$29.32
2024 Q3减持−520110.2%$441.16 → $493.80$467.48$29.32
2024 Q2减持−42069.6%$481.57 → $441.16$461.37$29.32
2024 Q1减持−2021010.4%$426.51 → $481.57$454.04$29.32
2023 Q4减持−823010.0%$395.91 → $426.51$411.21$29.32
2023 Q3减持−323810.3%$393.30 → $395.91$394.61$29.32
2023 Q2减持−62429.4%$363.41 → $393.30$378.36$29.32
2023 Q1减持−22479.3%$347.73 → $363.41$355.57$29.32
2022 Q4减持−162509.6%$284.34 → $347.73$316.04$29.32
2022 Q3减持−42669.2%$315.48 → $284.34$299.91$29.32
2022 Q2减持−92719.6%$357.38 → $315.48$336.43$29.32
2022 Q1减持−262809.6%$359.32 → $357.38$358.35$29.32
2021 Q4减持−103069.8%$347.68 → $359.32$353.50$29.32
2021 Q3减持−2531610.1%$365.09 → $347.68$356.39$29.32
2021 Q2减持−1734110.5%$356.05 → $365.09$360.57$29.32
2021 Q1减持−7635711.6%$356.94 → $356.05$356.49$29.32
2020 Q4减持−5643314.0%$338.17 → $356.94$347.55$29.32
2020 Q3减持−5248916.1%$295.70 → $338.17$316.93$29.32
2020 Q2减持−5754116.2%$241.56 → $295.70$268.63$29.32
2020 Q1减持−4059814.6%$298.59 → $241.56$270.07$29.32
2019 Q4减持−2963814.6%$271.57 → $298.59$285.08$29.32
2019 Q3减持−2466714.1%$264.53 → $271.57$268.05$29.32
2019 Q2减持−5269113.9%$235.45 → $264.53$249.99$29.32
2019 Q1减持−6474413.6%$188.65 → $235.45$212.05$29.32
2018 Q4减持−2780812.7%$222.61 → $188.65$205.63$29.32
2018 Q3减持−3183513.4%$196.52 → $222.61$209.57$29.32
2018 Q2减持−2986612.4%$175.16 → $196.52$185.84$29.32
2018 Q1减持−2089510.9%$151.36 → $175.16$163.26$29.32
2017 Q4减持−369159.5%$141.20 → $151.36$146.28$29.32
2017 Q3减持−69509.5%$121.45 → $141.20$131.32$29.32
2017 Q1减持−89538.3%$103.25 → $112.47$107.86$29.32
2016 Q4减持−179608.4%$101.77 → $103.25$102.51$29.32
2015 Q4减持−239708.1%$90.12 → $97.36$93.74$29.32
2015 Q3减持−109938.1%$93.48 → $90.12$91.80$29.32
2014 Q3增持+79966.9%$73.47 → $73.92$73.69$29.32
2014 Q2增持+69896.7%$74.70 → $73.47$74.09$29.02
2014 Q1减持−89837.1%$83.55 → $74.70$79.12$28.73
2014 Q1：拆股，每 1 股变成 10 股；以下是拆股前的股数与价格
2013 Q4减持−1998.2%$672.78 → $835.46$754.12$287.32
2013 Q3增持+21007.2%$574.50 → $672.78$623.64$287.32
2013 Q2增持+4986.6%$541.13 → $574.50$557.82$279.78
2011 Q3增持+1755.0%$301.34 → $317.16$309.25$225.05
2011 Q2增持+6744.2%$251.72 → $301.34$276.53$223.85
2011 Q1增持+9693.5%$224.11 → $251.72$237.91$219.64
2010 Q4增持+9605.1%$224.00 → $224.11$224.05$216.84
2010 Q3增持+18514.8%$199.53 → $224.00$211.77$215.55
2010 Q2增持+22323.0%$254.00 → $199.53$226.77$217.68
2010 Q1增持+1101.1%$255.98 → $254.00$254.99$197.82
2009 Q4增持+191.2%$202.15 → $255.98$229.06$188.81
2009 Q3增持+<180.9%$167.31 → $202.15$184.73$185.74
2009 Q2增持+280.7%$167.48 → $167.31$167.39$185.81
2009 Q1增持+<150.6%$142.93 → $167.48$155.20$193.60
2008 Q4增持+250.4%$177.33 → $142.93$160.13$194.04
2008 Q3新建仓+330.2%$265.52 → $177.33$221.42$221.42
C.T. Fitzpatrick 7.9%·2010 Q4 起

巨人页 →

季末价累计估计成本估计成交价（买／卖）
持股历程$0200400600疫情暴跌2012 Q32014 Q22016 Q12017 Q32019 Q12020 Q32022 Q12023 Q32026 Q2持股历程$0200400600疫情暴跌2012 Q32016 Q32020 Q12026 Q2
季度动作股数变动（万股）持股（万股）占投资组合季初价 → 季末价估计成交价累计估计成本
2026 Q2增持+12507.9%$499.66 → $513.60$506.63$322.27
2026 Q1减持−7385.1%$570.88 → $499.66$535.27$264.63
2025 Q4减持−2454.7%$568.81 → $570.88$569.84$264.63
2025 Q3增持+3474.8%$561.94 → $568.81$565.38$264.63
2025 Q2减持−14444.5%$548.12 → $561.94$555.03$245.18
2025 Q1减持−8575.9%$526.57 → $548.12$537.35$245.18
2024 Q4增持+1665.8%$493.80 → $526.57$510.19$245.18
2024 Q3减持−5645.3%$441.16 → $493.80$467.48$240.45
2024 Q2减持−1694.6%$481.57 → $441.16$461.37$240.45
2024 Q1减持−4704.9%$426.51 → $481.57$454.04$240.45
2023 Q4减持−7744.7%$395.91 → $426.51$411.21$240.45
2023 Q3减持−22814.9%$393.30 → $395.91$394.61$240.45
2023 Q2减持−61035.1%$363.41 → $393.30$378.36$240.45
2023 Q1减持−311095.0%$347.73 → $363.41$355.57$240.45
2022 Q4减持−281406.5%$284.34 → $347.73$316.04$240.45
2022 Q3减持−781695.6%$315.48 → $284.34$299.91$240.45
2022 Q2减持−762477.6%$357.38 → $315.48$336.43$240.45
2022 Q1减持−753237.1%$359.32 → $357.38$358.35$240.45
2021 Q4增持+123987.3%$347.68 → $359.32$353.50$240.45
2021 Q3增持+243867.2%$365.09 → $347.68$356.39$236.96
2021 Q2减持−53627.2%$356.05 → $365.09$360.57$229.22
2021 Q1增持+393687.7%$356.94 → $356.05$356.49$229.22
2020 Q4增持+393297.6%$338.17 → $356.94$347.55$214.05
2020 Q3减持−62907.6%$295.70 → $338.17$316.93$196.07
2020 Q2增持+1062966.9%$241.56 → $295.70$268.63$196.07
2020 Q1减持−301904.8%$298.59 → $241.56$270.07$155.71
2019 Q4增持+442205.0%$271.57 → $298.59$285.08$155.71
2019 Q3增持+161764.0%$264.53 → $271.57$268.05$123.23
2019 Q2减持−1681593.8%$235.45 → $264.53$249.99$108.47
2019 Q1减持−393286.7%$188.65 → $235.45$212.05$108.47
2018 Q4增持+1013676.4%$222.61 → $188.65$205.63$108.47
2018 Q3减持−192674.3%$196.52 → $222.61$209.57$71.83
2018 Q2减持−322854.3%$175.16 → $196.52$185.84$71.83
2018 Q1减持−303184.5%$151.36 → $175.16$163.26$71.83
2017 Q4减持−403484.3%$141.20 → $151.36$146.28$71.83
2017 Q3减持−193884.7%$121.45 → $141.20$131.32$71.83
2017 Q2增持+204074.4%$112.47 → $121.45$116.96$71.83
2017 Q1增持+43873.8%$103.25 → $112.47$107.86$69.46
2016 Q4减持−93823.5%$101.77 → $103.25$102.51$69.04
2016 Q3减持−123923.7%$88.06 → $101.77$94.91$69.04
2016 Q1减持−44043.4%$97.36 → $94.50$95.93$69.04
2015 Q3增持+374073.6%$93.48 → $90.12$91.80$69.04
2015 Q2增持+273703.3%$86.39 → $93.48$89.93$66.75
2015 Q1减持−633433.0%$86.16 → $86.39$86.27$64.95
2014 Q4增持+314064.0%$73.92 → $86.16$80.04$64.95
2014 Q2增持+542873.1%$74.70 → $73.47$74.09$60.62
2014 Q1增持+422333.1%$83.55 → $74.70$79.12$57.48
2014 Q1：拆股，每 1 股变成 10 股；以下是拆股前的股数与价格
2013 Q4增持+3193.3%$672.78 → $835.46$754.12$526.76
2013 Q3增持+3163.3%$574.50 → $672.78$623.64$481.12
2013 Q1增持+2103.1%$491.28 → $541.13$516.21$417.33
2012 Q4增持+383.3%$451.48 → $491.28$471.38$389.70
2012 Q3增持+252.8%$430.11 → $451.48$440.79$345.53
比尔·艾克曼 5.6%·2026 Q2 起

巨人页 →

季度动作股数变动（万股）持股（万股）占投资组合季初价 → 季末价估计成交价累计估计成本
2026 Q2新建仓+2122125.6%$499.66 → $513.60$506.63$506.63
Wally Weitz 5.2%·2014 Q4 起

巨人页 →

季末价累计估计成本估计成交价（买／卖）
持股历程$0200400600疫情暴跌2014 Q42016 Q12017 Q22018 Q32019 Q42021 Q12022 Q22023 Q32024 Q42026 Q2持股历程$0200400600疫情暴跌2014 Q42017 Q42020 Q42026 Q2
季度动作股数变动（万股）持股（万股）占投资组合季初价 → 季末价估计成交价累计估计成本
2026 Q2减持−<1155.2%$499.66 → $513.60$506.63$106.68
2026 Q1减持−1155.1%$570.88 → $499.66$535.27$106.68
2025 Q3减持−1164.8%$561.94 → $568.81$565.38$106.68
2025 Q2减持−1175.0%$548.12 → $561.94$555.03$106.68
2025 Q1减持−1185.2%$526.57 → $548.12$537.35$106.68
2024 Q4减持−2195.1%$493.80 → $526.57$510.19$106.68
2023 Q4减持−1204.6%$395.91 → $426.51$411.21$106.68
2023 Q1减持−1214.5%$347.73 → $363.41$355.57$106.68
2022 Q4减持−1224.5%$284.34 → $347.73$316.04$106.68
2022 Q2减持−2233.9%$357.38 → $315.48$336.43$106.68
2021 Q4增持+1263.8%$347.68 → $359.32$353.50$106.68
2021 Q3增持+1253.6%$365.09 → $347.68$356.39$95.37
2020 Q3减持−2243.9%$295.70 → $338.17$316.93$89.14
2020 Q2减持−3273.9%$241.56 → $295.70$268.63$89.14
2020 Q1减持−<1293.8%$298.59 → $241.56$270.07$89.14
2019 Q4减持−4303.5%$271.57 → $298.59$285.08$89.14
2019 Q3减持−5343.8%$264.53 → $271.57$268.05$89.14
2019 Q2减持−2384.1%$235.45 → $264.53$249.99$89.14
2019 Q1减持−4414.0%$188.65 → $235.45$212.05$89.14
2018 Q4减持−1454.0%$222.61 → $188.65$205.63$89.14
2018 Q3减持−4464.2%$196.52 → $222.61$209.57$89.14
2018 Q2减持−4494.2%$175.16 → $196.52$185.84$89.14
2018 Q1减持−14534.0%$151.36 → $175.16$163.26$89.14
2017 Q4减持−4674.3%$141.20 → $151.36$146.28$89.14
2017 Q3减持−3714.2%$121.45 → $141.20$131.32$89.14
2017 Q1减持−5753.5%$103.25 → $112.47$107.86$89.14
2016 Q4减持−1793.3%$101.77 → $103.25$102.51$89.14
2016 Q3增持+7803.1%$88.06 → $101.77$94.91$89.14
2016 Q2增持+6732.4%$94.50 → $88.06$91.28$88.60
2016 Q1增持+27672.2%$97.36 → $94.50$95.93$88.35
2015 Q4增持+3401.3%$90.12 → $97.36$93.74$83.15
2015 Q3增持+5371.0%$93.48 → $90.12$91.80$82.40
2015 Q2增持+1320.8%$86.39 → $93.48$89.93$80.77
2015 Q1增持+2300.7%$86.16 → $86.39$86.27$80.46
2014 Q4新建仓+28280.7%$73.92 → $86.16$80.04$80.04
泰瑞·史密斯 4.6%·2026 Q2 起

巨人页 →

季度动作股数变动（万股）持股（万股）占投资组合季初价 → 季末价估计成交价累计估计成本
2026 Q2新建仓+1641644.6%$499.66 → $513.60$506.63$506.63
Jensen 4.3%·2015 Q3 起

巨人页 →

季末价累计估计成本估计成交价（买／卖）
持股历程$0200400600疫情暴跌2015 Q32016 Q42018 Q12019 Q22020 Q32021 Q42023 Q12024 Q22026 Q2持股历程$0200400600疫情暴跌2015 Q32018 Q22021 Q12026 Q2
季度动作股数变动（万股）持股（万股）占投资组合季初价 → 季末价估计成交价累计估计成本
2026 Q2减持−14354.3%$499.66 → $513.60$506.63$215.11
2026 Q1增持+1494.8%$570.88 → $499.66$535.27$215.11
2025 Q4减持−10484.3%$568.81 → $570.88$569.84$209.68
2025 Q3减持−4584.1%$561.94 → $568.81$565.38$209.68
2025 Q2减持−7624.1%$548.12 → $561.94$555.03$209.68
2025 Q1减持−25694.2%$526.57 → $548.12$537.35$209.68
2024 Q4减持−1944.5%$493.80 → $526.57$510.19$209.68
2024 Q3减持−6953.9%$441.16 → $493.80$467.48$209.68
2024 Q2减持−41013.6%$481.57 → $441.16$461.37$209.68
2023 Q4减持−21053.4%$395.91 → $426.51$411.21$209.68
2023 Q3增持+31083.4%$393.30 → $395.91$394.61$209.68
2023 Q2增持+11053.0%$363.41 → $393.30$378.36$204.52
2023 Q1减持−41042.9%$347.73 → $363.41$355.57$202.70
2022 Q4增持+51072.9%$284.34 → $347.73$316.04$202.70
2022 Q2增持+31022.7%$357.38 → $315.48$336.43$196.72
2022 Q1增持+10992.6%$359.32 → $357.38$358.35$192.21
2021 Q4增持+16892.3%$347.68 → $359.32$353.50$173.61
2021 Q3减持−5732.0%$365.09 → $347.68$356.39$135.34
2021 Q2减持−2782.2%$356.05 → $365.09$360.57$135.34
2021 Q1减持−4802.3%$356.94 → $356.05$356.49$135.34
2020 Q1增持+20832.3%$298.59 → $241.56$270.07$135.34
2019 Q4减持−3631.9%$271.57 → $298.59$285.08$92.33
2019 Q3减持−12661.9%$264.53 → $271.57$268.05$92.33
2019 Q2减持−16782.4%$235.45 → $264.53$249.99$92.33
2018 Q2减持−37942.5%$175.16 → $196.52$185.84$92.33
2018 Q1减持−211313.0%$151.36 → $175.16$163.26$92.33
2017 Q3减持−11522.9%$121.45 → $141.20$131.32$92.33
2017 Q2减持−41532.5%$112.47 → $121.45$116.96$92.33
2016 Q3减持−11572.4%$88.06 → $101.77$94.91$92.33
2016 Q2减持−31582.2%$94.50 → $88.06$91.28$92.33
2016 Q1增持+61612.4%$97.36 → $94.50$95.93$92.33
2015 Q4增持+311552.5%$90.12 → $97.36$93.74$92.19
2015 Q3新建仓+1241242.0%$93.48 → $90.12$91.80$91.80
AKO Capital 2.3%·2025 Q4 起

巨人页 →

季末价累计估计成本估计成交价（买／卖）
持股历程$4805005205405605802025 Q42026 Q12026 Q2持股历程$4805005205405605802025 Q42026 Q12026 Q2
季度动作股数变动（万股）持股（万股）占投资组合季初价 → 季末价估计成交价累计估计成本
2026 Q2增持+3192.3%$499.66 → $513.60$506.63$548.31
2026 Q1增持+6161.5%$570.88 → $499.66$535.27$557.52
2025 Q4新建仓+10100.9%$568.81 → $570.88$569.84$569.84
汤姆·盖纳 0.8%·2011 Q3 起

巨人页 →

季末价累计估计成本估计成交价（买／卖）
持股历程$0200400600疫情暴跌2011 Q32013 Q12014 Q32016 Q12017 Q32019 Q12020 Q42022 Q22026 Q2持股历程$0200400600疫情暴跌2011 Q32014 Q42018 Q12026 Q2
季度动作股数变动（万股）持股（万股）占投资组合季初价 → 季末价估计成交价累计估计成本
2026 Q2不变—210.8%$499.66 → $513.60—$95.88
2020 Q1增持+<1210.9%$298.59 → $241.56$270.07$95.88
2019 Q3增持+1200.8%$264.53 → $271.57$268.05$91.35
2019 Q2增持+1190.8%$235.45 → $264.53$249.99$84.27
2019 Q1增持+1190.7%$188.65 → $235.45$212.05$78.54
2017 Q3增持+1180.5%$121.45 → $141.20$131.32$74.14
2017 Q2增持+1170.4%$112.47 → $121.45$116.96$70.82
2017 Q1增持+1160.4%$103.25 → $112.47$107.86$67.05
2016 Q2增持+1150.3%$94.50 → $88.06$91.28$64.89
2016 Q1增持+<1140.4%$97.36 → $94.50$95.93$63.60
2015 Q4增持+1140.4%$90.12 → $97.36$93.74$63.35
2015 Q3增持+1130.3%$93.48 → $90.12$91.80$60.17
2015 Q2增持+1120.3%$86.39 → $93.48$89.93$56.92
2015 Q1增持+1110.2%$86.16 → $86.39$86.27$53.50
2014 Q4增持+190.2%$73.92 → $86.16$80.04$48.92
2014 Q1：拆股，每 1 股变成 10 股；以下是拆股前的股数与价格
2013 Q1增持+<110.2%$491.28 → $541.13$516.21$438.60
2011 Q3新建仓+<1<10.1%$301.34 → $317.16$309.25$309.25
Francois Rochon 0.5%·2015 Q1 起

巨人页 →

季末价累计估计成本估计成交价（买／卖）
持股历程$0200400600疫情暴跌2016 Q42017 Q42018 Q42019 Q42020 Q42021 Q42022 Q42023 Q42024 Q42026 Q2持股历程$0200400600疫情暴跌2016 Q42019 Q22021 Q42026 Q2
季度动作股数变动（万股）持股（万股）占投资组合季初价 → 季末价估计成交价累计估计成本
2026 Q2增持+<130.5%$499.66 → $513.60$506.63$363.87
2026 Q1减持−<130.5%$570.88 → $499.66$535.27$360.05
2025 Q4增持+<130.5%$568.81 → $570.88$569.84$360.05
2025 Q2增持+<130.5%$548.12 → $561.94$555.03$352.22
2025 Q1增持+<130.5%$526.57 → $548.12$537.35$346.24
2024 Q4增持+<130.5%$493.80 → $526.57$510.19$340.65
2024 Q3增持+<130.5%$441.16 → $493.80$467.48$335.81
2024 Q2增持+<120.4%$481.57 → $441.16$461.37$324.50
2024 Q1增持+<120.4%$426.51 → $481.57$454.04$320.28
2023 Q4增持+<120.4%$395.91 → $426.51$411.21$311.33
2023 Q3增持+<120.4%$393.30 → $395.91$394.61$308.30
2023 Q2增持+<120.4%$363.41 → $393.30$378.36$301.81
2023 Q1增持+<120.4%$347.73 → $363.41$355.57$299.89
2022 Q4增持+<120.4%$284.34 → $347.73$316.04$295.28
2022 Q3增持+<120.3%$315.48 → $284.34$299.91$292.75
2022 Q1增持+<110.3%$359.32 → $357.38$358.35$292.51
2021 Q4增持+<110.3%$347.68 → $359.32$353.50$290.67
2021 Q3增持+<110.3%$365.09 → $347.68$356.39$284.25
2021 Q2减持−<110.2%$356.05 → $365.09$360.57$252.33
2021 Q1增持+<110.2%$356.94 → $356.05$356.49$252.33
2020 Q4增持+<110.3%$338.17 → $356.94$347.55$248.61
2020 Q3增持+<110.3%$295.70 → $338.17$316.93$232.11
2020 Q2增持+110.2%$241.56 → $295.70$268.63$230.91
2019 Q4减持−<1<10.1%$271.57 → $298.59$285.08$110.23
2019 Q1减持−<1<10.1%$188.65 → $235.45$212.05$110.23
2018 Q3减持−<1<10.1%$196.52 → $222.61$209.57$110.23
2018 Q2减持−<1<10.1%$175.16 → $196.52$185.84$110.23
2017 Q3增持+<1<10.1%$121.45 → $141.20$131.32$110.23
Yacktman 0.1%·2020 Q1 起

巨人页 →

季末价累计估计成本估计成交价（买／卖）
持股历程$2003004005006002020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32025 Q22026 Q2持股历程$2003004005006002020 Q12021 Q42023 Q32026 Q2
季度动作股数变动（万股）持股（万股）占投资组合季初价 → 季末价估计成交价累计估计成本
2026 Q2不变—10.1%$499.66 → $513.60—$296.98
2025 Q2增持+<110.1%$548.12 → $561.94$555.03$296.98
2023 Q1增持+<11<0.1%$347.73 → $363.41$355.57$284.46
2022 Q1增持+<11<0.1%$359.32 → $357.38$358.35$276.27
2020 Q1新建仓+11<0.1%$298.59 → $241.56$270.07$270.07
Christopher Bloomstran <0.1%·2026 Q1 起

巨人页 →

季末价累计估计成本估计成交价（买／卖）
持股历程$4905005105205305402026 Q12026 Q2持股历程$4905005105205305402026 Q12026 Q2
季度动作股数变动（万股）持股（万股）占投资组合季初价 → 季末价估计成交价累计估计成本
2026 Q2不变—<1<0.1%$499.66 → $513.60—$535.27
2026 Q1新建仓+<1<1<0.1%$570.88 → $499.66$535.27$535.27
Glenn Greenberg <0.1%·2024 Q3 起

巨人页 →

季末价累计估计成本估计成交价（买／卖）
持股历程$4505005506002024 Q32024 Q42025 Q12025 Q22025 Q32025 Q42026 Q12026 Q2持股历程$4505005506002024 Q32025 Q12025 Q32026 Q2
季度动作股数变动（万股）持股（万股）占投资组合季初价 → 季末价估计成交价累计估计成本
2026 Q2增持+<1<1<0.1%$499.66 → $513.60$506.63$492.53
2024 Q3新建仓+<1<1<0.1%$441.16 → $493.80$467.48$467.48

最近 8 季清仓的巨人