价投巨人的肩膀
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2026 Q2：19 位巨人持有，综合权重 1.63%，共识排名第 6；本季 6 位买入、9 位卖出。季末价 $563.29（2026-06-30）。

持有人数
19
上季 20 位
综合权重
1.63%
共识排名第 6
季末价
$563.29
2026-06-30
巨人的平均成本估
$361.01
季末价比这个平均高 56%（每位巨人的成本各算一次）

19 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
Robert Vinall20.4%140.782018 Q431$193.32起算点+191%减持
比尔·艾克曼9.2%32018.002025 Q43$675.55−17%增持
Mason Morfit9.2%925.162024 Q38$628.18−10%不变
David Rolfe8.9%80.432018 Q134$269.03+109%增持
派特·多尔西7.2%201.132016 Q439$312.61起算点+80%增持
Francois Rochon5.7%301.712018 Q233$236.17+139%减持
Steven Romick4.8%683.832017 Q435$180.01+213%不变
泰瑞·史密斯4.3%1397.842018 Q134$177.11+218%减持
Clifford Sosin4.1%140.772026 Q21$567.71−1%新建仓
Wally Weitz4.0%100.582018 Q134$199.72+182%减持
克里斯·戴维斯4.0%1659.292015 Q443$159.49+253%减持
David Abrams3.3%331.832018 Q431$142.22+296%不变
Samantha McLemore3.2%170.962021 Q419$313.85起算点+79%不变
Jensen1.5%110.622025 Q25$696.05−19%减持
Ruane, Cunniff & Goldfarb（红杉基金）1.4%150.872016 Q439$197.21+186%减持
Sarah Ketterer1.2%201.132021 Q221$504.83+12%增持
汤姆·盖纳1.0%231.322015 Q443$185.02+204%减持
比尔·米勒0.9%10.042026 Q21$567.71−1%新建仓
Glenn Greenberg<0.1%<1<0.012025 Q25$653.37−14%不变

成本地图：19 位中有 13 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$400$600David Abrams克里斯·戴维斯泰瑞·史密斯Steven Romick汤姆·盖纳Robert VinallRuane, Cunniff & Goldfarb（红杉基金）Wally WeitzFrancois RochonDavid Rolfe派特·多尔西Samantha McLemoreSarah KettererClifford Sosin比尔·米勒Mason MorfitGlenn Greenberg比尔·艾克曼Jensen成本地图$200$400$600David Abrams克里斯·戴维斯泰瑞·史密斯Steven Romick汤姆·盖纳Robert VinallRuane（红杉基金）Wally WeitzFrancois RochonDavid Rolfe派特·多尔西S. McLemoreSarah KettererClifford Sosin比尔·米勒Mason MorfitGlenn Greenberg比尔·艾克曼Jensen

季末价走势（已按拆股调整）

2012 Q4 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$0200400600800疫情暴跌2012 Q42014 Q22015 Q42017 Q22018 Q42020 Q22021 Q42023 Q22024 Q42026 Q2季末价走势$0200400600800疫情暴跌2012 Q42016 Q22019 Q42026 Q2

越来越多还是越来越少巨人持有

持有人数

持有人数0102030疫情暴跌2012 Q42014 Q22015 Q42017 Q22018 Q42020 Q22021 Q42023 Q22024 Q42026 Q2持有人数0102030疫情暴跌2012 Q42016 Q22019 Q42026 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2010010202021 Q32022 Q12022 Q32023 Q12023 Q32024 Q12024 Q32025 Q12025 Q32026 Q2每季度买家与卖家人数1510505102024 Q32025 Q12025 Q32026 Q2

综合权重（悬停看排名）

综合权重%0123疫情暴跌2012 Q42014 Q22015 Q42017 Q22018 Q42020 Q22021 Q42023 Q22024 Q42026 Q2综合权重%0123疫情暴跌2012 Q42016 Q22019 Q42026 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。

Robert Vinall 20.4%·2018 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$02004006008002020 Q32021 Q22022 Q12022 Q42023 Q32024 Q22025 Q12026 Q2持股历程$02004006008002020 Q32022 Q12023 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−11420.4%$572.13 → $563.29$567.71$193.32
2026 Q1增持+11521.8%$660.09 → $572.13$616.11$193.32
2025 Q3减持−<11418.8%$738.09 → $734.38$736.23$164.72
2025 Q1减持−11418.2%$585.51 → $576.36$580.94$164.72
2024 Q3减持−31517.7%$504.22 → $572.44$538.33$164.72
2024 Q2减持−21822.2%$485.58 → $504.22$494.90$164.72
2023 Q4减持−72020.3%$300.21 → $353.96$327.09$164.72
2023 Q2减持−<12725.2%$211.94 → $286.98$249.46$164.72
2023 Q1增持+62722.1%$120.34 → $211.94$166.14$164.72
2022 Q3增持+<12113.6%$161.25 → $135.68$148.47$164.29
2022 Q2增持+32115.1%$222.36 → $161.25$191.81$164.44
2022 Q1减持−41812.6%$336.35 → $222.36$279.36$160.62
2021 Q4增持+12219.5%$339.39 → $336.35$337.87$160.62
2021 Q2增持+<12120.0%$294.53 → $347.71$321.12$153.36
2021 Q1减持−42119.8%$273.16 → $294.53$283.84$149.76
2020 Q3减持−12524.8%$227.07 → $261.90$244.48$149.76
比尔·艾克曼 9.2%·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$5506006507002025 Q42026 Q12026 Q2持股历程$5506006507002025 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+543209.2%$572.13 → $563.29$567.71$675.55
2025 Q4新建仓+26726710.9%$734.38 → $660.09$697.24$697.24
Mason Morfit 9.2%·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$5005506006507007502024 Q32024 Q42025 Q12025 Q22025 Q32025 Q42026 Q12026 Q2持股历程$5005506006507007502024 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不变—929.2%$572.13 → $563.29—$628.18
2026 Q1减持−13929.2%$660.09 → $572.13$616.11$628.18
2025 Q4增持+281059.8%$734.38 → $660.09$697.24$628.18
2025 Q3增持+15779.5%$738.09 → $734.38$736.23$603.09
2025 Q2减持−39628.2%$576.36 → $738.09$657.23$572.06
2025 Q1增持+8010112.8%$585.51 → $576.36$580.94$572.06
2024 Q3新建仓+21212.8%$504.22 → $572.44$538.33$538.33
David Rolfe 8.9%·2018 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$0200400600800疫情暴跌2018 Q12019 Q12020 Q12021 Q12022 Q12023 Q12024 Q12025 Q12026 Q2持股历程$0200400600800疫情暴跌2018 Q12020 Q22022 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+188.9%$572.13 → $563.29$567.71$269.03
2026 Q1减持−<177.8%$660.09 → $572.13$616.11$220.62
2025 Q4减持−<178.5%$734.38 → $660.09$697.24$220.62
2025 Q3增持+<179.5%$738.09 → $734.38$736.23$220.62
2025 Q2减持−<1710.3%$576.36 → $738.09$657.23$203.53
2025 Q1减持−179.2%$585.51 → $576.36$580.94$203.53
2024 Q4减持−<189.2%$572.44 → $585.51$578.98$203.53
2024 Q3减持−<188.7%$504.22 → $572.44$538.33$203.53
2024 Q2减持−<188.8%$485.58 → $504.22$494.90$203.53
2024 Q1减持−298.3%$353.96 → $485.58$419.77$203.53
2023 Q4减持−4109.9%$300.21 → $353.96$327.09$203.53
2023 Q3减持−3149.9%$286.98 → $300.21$293.59$203.53
2023 Q2减持−2177.7%$211.94 → $286.98$249.46$203.53
2023 Q1增持+3196.7%$120.34 → $211.94$166.14$203.53
2022 Q4减持−4163.5%$135.68 → $120.34$128.01$209.64
2022 Q3减持−2205.1%$161.25 → $135.68$148.47$209.64
2022 Q2减持−<1226.1%$222.36 → $161.25$191.81$209.64
2022 Q1增持+5226.9%$336.35 → $222.36$279.36$209.64
2021 Q4增持+2177.6%$339.39 → $336.35$337.87$189.62
2021 Q3减持−<1157.0%$347.71 → $339.39$343.55$166.14
2021 Q2减持−1157.5%$294.53 → $347.71$321.12$166.14
2021 Q1减持−1167.2%$273.16 → $294.53$283.84$166.14
2020 Q4减持−1176.9%$261.90 → $273.16$267.53$166.14
2020 Q3减持−4187.5%$227.07 → $261.90$244.48$166.14
2020 Q2减持−4228.4%$166.80 → $227.07$196.93$166.14
2020 Q1减持−12268.1%$205.25 → $166.80$186.02$166.14
2019 Q4减持−10387.9%$178.08 → $205.25$191.67$166.14
2019 Q3减持−3487.6%$193.00 → $178.08$185.54$166.14
2019 Q2减持−11528.4%$166.69 → $193.00$179.85$166.14
2019 Q1减持−13637.7%$131.09 → $166.69$148.89$166.14
2018 Q4增持+7766.7%$164.46 → $131.09$147.77$166.14
2018 Q3减持−4695.7%$194.32 → $164.46$179.39$168.12
2018 Q2减持−10737.2%$159.79 → $194.32$177.05$168.12
2018 Q1新建仓+84846.1%$176.46 → $159.79$168.12$168.12
派特·多尔西 7.2%·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$0200400600800疫情暴跌2018 Q32019 Q32020 Q32021 Q32022 Q32023 Q32024 Q32026 Q2持股历程$0200400600800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增持+4207.2%$572.13 → $563.29$567.71$312.61
2026 Q1增持+<1167.4%$660.09 → $572.13$616.11$252.31
2025 Q4减持−3169.2%$734.38 → $660.09$697.24$249.52
2025 Q3减持−51912.7%$738.09 → $734.38$736.23$249.52
2025 Q2减持−<12516.2%$576.36 → $738.09$657.23$249.52
2025 Q1增持+42515.1%$585.51 → $576.36$580.94$249.52
2024 Q4减持−22112.6%$572.44 → $585.51$578.98$187.75
2024 Q3减持−12314.4%$504.22 → $572.44$538.33$187.75
2024 Q2减持−52414.4%$485.58 → $504.22$494.90$187.75
2024 Q1减持−102916.2%$353.96 → $485.58$419.77$187.75
2023 Q4减持−83917.6%$300.21 → $353.96$327.09$187.75
2023 Q3减持−164718.4%$286.98 → $300.21$293.59$187.75
2023 Q2减持−336323.8%$211.94 → $286.98$249.46$187.75
2023 Q1减持−49623.0%$120.34 → $211.94$166.14$187.75
2022 Q4增持+209917.4%$135.68 → $120.34$128.01$187.75
2022 Q3增持+48013.1%$161.25 → $135.68$148.47$202.48
2022 Q1增持+187616.2%$336.35 → $222.36$279.36$205.28
2021 Q3减持−105817.0%$347.71 → $339.39$343.55$182.47
2021 Q2减持−76817.7%$294.53 → $347.71$321.12$182.47
2021 Q1增持+147523.0%$273.16 → $294.53$283.84$182.47
2020 Q4增持+<16121.8%$261.90 → $273.16$267.53$160.04
2020 Q3减持−36123.6%$227.07 → $261.90$244.48$159.24
2020 Q2增持+46423.5%$166.80 → $227.07$196.93$159.24
2020 Q1增持+166125.5%$205.25 → $166.80$186.02$157.03
2019 Q4减持−44518.1%$178.08 → $205.25$191.67$146.85
2019 Q2增持+<14921.2%$166.69 → $193.00$179.85$146.85
2019 Q1减持−154920.4%$131.09 → $166.69$148.89$146.62
2018 Q4增持+166423.4%$164.46 → $131.09$147.77$146.62
2018 Q3增持+64818.6%$194.32 → $164.46$179.39$146.24
Francois Rochon 5.7%·2018 Q2 起

巨人页 →

季末价累计估计成本估计成交价（买／卖）
持股历程$0200400600800疫情暴跌2018 Q22019 Q22020 Q22021 Q22022 Q22023 Q22024 Q22025 Q22026 Q2持股历程$0200400600800疫情暴跌2018 Q22020 Q32022 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−<1305.7%$572.13 → $563.29$567.71$236.17
2026 Q1减持−1316.4%$660.09 → $572.13$616.11$236.17
2025 Q4增持+<1316.9%$734.38 → $660.09$697.24$236.17
2025 Q3减持−1317.8%$738.09 → $734.38$736.23$233.74
2025 Q2增持+<1328.1%$576.36 → $738.09$657.23$233.74
2024 Q4增持+1326.7%$572.44 → $585.51$578.98$228.69
2024 Q3增持+1316.7%$504.22 → $572.44$538.33$222.87
2024 Q2增持+<1306.3%$485.58 → $504.22$494.90$209.91
2024 Q1增持+1305.8%$353.96 → $485.58$419.77$208.09
2023 Q4增持+1294.8%$300.21 → $353.96$327.09$202.29
2023 Q3增持+<1284.6%$286.98 → $300.21$293.59$199.87
2023 Q2增持+2284.2%$211.94 → $286.98$249.46$198.95
2023 Q1减持−1263.4%$120.34 → $211.94$166.14$195.84
2022 Q4增持+<1272.0%$135.68 → $120.34$128.01$195.84
2022 Q3增持+<1272.5%$161.25 → $135.68$148.47$196.43
2022 Q2增持+1262.8%$222.36 → $161.25$191.81$197.28
2022 Q1增持+1263.2%$336.35 → $222.36$279.36$197.42
2021 Q3增持+1255.0%$347.71 → $339.39$343.55$194.55
2021 Q2增持+<1235.0%$294.53 → $347.71$321.12$185.73
2021 Q1增持+1234.6%$273.16 → $294.53$283.84$184.16
2020 Q4增持+1224.6%$261.90 → $273.16$267.53$178.71
2020 Q2增持+4214.8%$166.80 → $227.07$196.93$175.38
2020 Q1减持−1173.6%$205.25 → $166.80$186.02$170.12
2019 Q4增持+1183.4%$178.08 → $205.25$191.67$170.12
2019 Q3增持+<1183.1%$193.00 → $178.08$185.54$169.35
2019 Q2增持+1173.4%$166.69 → $193.00$179.85$169.01
2019 Q1增持+5163.1%$131.09 → $166.69$148.89$168.44
2018 Q4增持+<1122.0%$164.46 → $131.09$147.77$176.42
2018 Q3增持+1112.1%$194.32 → $164.46$179.39$177.24
2018 Q2新建仓+10102.6%$159.79 → $194.32$177.05$177.05
Steven Romick 4.8%·2017 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$0200400600800疫情暴跌2017 Q42018 Q42019 Q32020 Q22021 Q12023 Q22024 Q12024 Q42025 Q32026 Q2持股历程$0200400600800疫情暴跌2017 Q42019 Q42023 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—684.8%$572.13 → $563.29—$180.01
2026 Q1减持−2685.6%$660.09 → $572.13$616.11$180.01
2025 Q4减持−1706.2%$734.38 → $660.09$697.24$180.01
2025 Q3减持−7717.3%$738.09 → $734.38$736.23$180.01
2025 Q2减持−1788.3%$576.36 → $738.09$657.23$180.01
2025 Q1减持−11787.3%$585.51 → $576.36$580.94$180.01
2024 Q4减持−2897.5%$572.44 → $585.51$578.98$180.01
2024 Q3减持−5917.4%$504.22 → $572.44$538.33$180.01
2024 Q2减持−7966.7%$485.58 → $504.22$494.90$180.01
2024 Q1减持−61037.1%$353.96 → $485.58$419.77$180.01
2023 Q4减持−141095.9%$300.21 → $353.96$327.09$180.01
2023 Q3减持−131225.9%$286.98 → $300.21$293.59$180.01
2023 Q2减持−101355.8%$211.94 → $286.98$249.46$180.01
2023 Q1减持−21454.9%$120.34 → $211.94$166.14$180.01
2021 Q2增持+41406.1%$294.53 → $347.71$321.12$168.47
2021 Q1减持−11365.4%$273.16 → $294.53$283.84$164.20
2020 Q4减持−21374.8%$261.90 → $273.16$267.53$164.20
2020 Q3减持−261395.2%$227.07 → $261.90$244.48$164.20
2020 Q2减持−341655.2%$166.80 → $227.07$196.93$164.20
2020 Q1减持−241994.8%$205.25 → $166.80$186.02$164.20
2019 Q4减持−132224.4%$178.08 → $205.25$191.67$164.20
2019 Q3减持−82364.0%$193.00 → $178.08$185.54$164.20
2019 Q2减持−52434.1%$166.69 → $193.00$179.85$164.20
2019 Q1减持−42483.6%$131.09 → $166.69$148.89$164.20
2018 Q4增持+492523.1%$164.46 → $131.09$147.77$164.20
2018 Q1增持+1992022.5%$176.46 → $159.79$168.12$168.21
2017 Q4新建仓+33<0.1%$170.87 → $176.46$173.66$173.66
泰瑞·史密斯 4.3%·2018 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$0200400600800疫情暴跌2018 Q12019 Q12020 Q12021 Q12022 Q12023 Q12024 Q12025 Q12026 Q2持股历程$0200400600800疫情暴跌2018 Q12020 Q22022 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−401394.3%$572.13 → $563.29$567.71$177.11
2026 Q1减持−101795.9%$660.09 → $572.13$616.11$177.11
2025 Q4减持−381895.5%$734.38 → $660.09$697.24$177.11
2025 Q3减持−2452276.3%$738.09 → $734.38$736.23$177.11
2025 Q2减持−4447111.4%$576.36 → $738.09$657.23$177.11
2025 Q1减持−9151510.2%$585.51 → $576.36$580.94$177.11
2024 Q4减持−4060611.4%$572.44 → $585.51$578.98$177.11
2023 Q3减持−656516.9%$286.98 → $300.21$293.59$177.11
2023 Q1增持+357155.1%$120.34 → $211.94$166.14$177.11
2021 Q4增持+366825.6%$339.39 → $336.35$337.87$177.67
2020 Q1减持−156436.0%$205.25 → $166.80$186.02$168.75
2019 Q4增持+116596.4%$178.08 → $205.25$191.67$168.75
2019 Q2增持+116486.5%$166.69 → $193.00$179.85$168.37
2019 Q1增持+256376.0%$131.09 → $166.69$148.89$168.18
2018 Q4增持+166126.4%$164.46 → $131.09$147.77$168.96
2018 Q3增持+445966.6%$194.32 → $164.46$179.39$169.52
2018 Q2增持+375528.0%$159.79 → $194.32$177.05$168.73
2018 Q1新建仓+5145146.8%$176.46 → $159.79$168.12$168.12
Clifford Sosin 4.1%·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+14144.1%$572.13 → $563.29$567.71$567.71
Wally Weitz 4.0%·2018 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$0200400600800疫情暴跌2018 Q12019 Q12020 Q12021 Q12022 Q12023 Q12024 Q12025 Q12026 Q2持股历程$0200400600800疫情暴跌2018 Q12020 Q22022 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−<1104.0%$572.13 → $563.29$567.71$199.72
2026 Q1减持−<1114.2%$660.09 → $572.13$616.11$199.72
2025 Q3减持−1114.3%$738.09 → $734.38$736.23$199.72
2025 Q2减持−1124.6%$576.36 → $738.09$657.23$199.72
2025 Q1减持−4123.7%$585.51 → $576.36$580.94$199.72
2024 Q4减持−1164.8%$572.44 → $585.51$578.98$199.72
2024 Q3减持−2174.7%$504.22 → $572.44$538.33$199.72
2024 Q2减持−1195.0%$485.58 → $504.22$494.90$199.72
2024 Q1减持−2205.0%$353.96 → $485.58$419.77$199.72
2023 Q4减持−<1234.2%$300.21 → $353.96$327.09$199.72
2023 Q3减持−2233.8%$286.98 → $300.21$293.59$199.72
2023 Q2减持−17253.9%$211.94 → $286.98$249.46$199.72
2023 Q1减持−7425.2%$120.34 → $211.94$166.14$199.72
2022 Q4增持+7493.4%$135.68 → $120.34$128.01$199.72
2022 Q2增持+2423.6%$222.36 → $161.25$191.81$211.70
2022 Q1增持+9404.0%$336.35 → $222.36$279.36$212.96
2021 Q4增持+2314.2%$339.39 → $336.35$337.87$193.41
2021 Q1增持+3293.8%$273.16 → $294.53$283.84$183.34
2020 Q3减持−8253.1%$227.07 → $261.90$244.48$170.27
2020 Q2减持−4343.8%$166.80 → $227.07$196.93$170.27
2020 Q1减持−<1383.4%$205.25 → $166.80$186.02$170.27
2019 Q4减持−2383.1%$178.08 → $205.25$191.67$170.27
2019 Q3减持−2403.0%$193.00 → $178.08$185.54$170.27
2019 Q2减持−1423.3%$166.69 → $193.00$179.85$170.27
2019 Q1减持−3433.0%$131.09 → $166.69$148.89$170.27
2018 Q4增持+9472.8%$164.46 → $131.09$147.77$170.27
2018 Q3增持+10382.6%$194.32 → $164.46$179.39$175.30
2018 Q2增持+18282.3%$159.79 → $194.32$177.05$173.82
2018 Q1新建仓+10100.7%$176.46 → $159.79$168.12$168.12
克里斯·戴维斯 4.0%·2015 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$0200400600800疫情暴跌2016 Q22017 Q32018 Q42020 Q12021 Q22022 Q32023 Q42025 Q12026 Q2持股历程$0200400600800疫情暴跌2016 Q22019 Q12021 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−71654.0%$572.13 → $563.29$567.71$159.49
2026 Q1减持−31724.5%$660.09 → $572.13$616.11$159.49
2025 Q4增持+41755.2%$734.38 → $660.09$697.24$159.49
2025 Q3减持−391726.6%$738.09 → $734.38$736.23$147.74
2025 Q2减持−102118.3%$576.36 → $738.09$657.23$147.74
2025 Q1减持−282217.3%$585.51 → $576.36$580.94$147.74
2024 Q4减持−222498.5%$572.44 → $585.51$578.98$147.74
2024 Q3减持−342718.7%$504.22 → $572.44$538.33$147.74
2024 Q2减持−23069.0%$485.58 → $504.22$494.90$147.74
2024 Q1减持−883088.4%$353.96 → $485.58$419.77$147.74
2023 Q4减持−933967.9%$300.21 → $353.96$327.09$147.74
2023 Q3减持−834899.2%$286.98 → $300.21$293.59$147.74
2023 Q2减持−5557210.0%$211.94 → $286.98$249.46$147.74
2023 Q1减持−276278.8%$120.34 → $211.94$166.14$147.74
2022 Q4增持+2286545.3%$135.68 → $120.34$128.01$147.74
2022 Q3增持+954254.1%$161.25 → $135.68$148.47$158.34
2022 Q2减持−53303.4%$222.36 → $161.25$191.81$161.17
2022 Q1增持+703353.8%$336.35 → $222.36$279.36$161.17
2021 Q4减持−32664.2%$339.39 → $336.35$337.87$130.20
2021 Q3减持−502694.2%$347.71 → $339.39$343.55$130.20
2021 Q1减持−113184.1%$273.16 → $294.53$283.84$130.20
2020 Q4减持−423294.3%$261.90 → $273.16$267.53$130.20
2020 Q3减持−473715.4%$227.07 → $261.90$244.48$130.20
2020 Q1减持−144194.7%$205.25 → $166.80$186.02$130.20
2019 Q4减持−144324.2%$178.08 → $205.25$191.67$130.20
2019 Q3减持−194474.0%$193.00 → $178.08$185.54$130.20
2019 Q2减持−664664.4%$166.69 → $193.00$179.85$130.20
2019 Q1增持+55314.4%$131.09 → $166.69$148.89$130.20
2018 Q4增持+295273.9%$164.46 → $131.09$147.77$130.04
2018 Q3减持−94983.5%$194.32 → $164.46$179.39$129.01
2018 Q2增持+1175064.2%$159.79 → $194.32$177.05$129.01
2018 Q1增持+493892.7%$176.46 → $159.79$168.12$114.52
2017 Q3减持−133382.5%$150.98 → $170.87$160.93$106.71
2017 Q2减持−163512.3%$142.05 → $150.98$146.52$106.71
2017 Q1增持+353672.2%$115.05 → $142.05$128.55$106.71
2016 Q4增持+903321.7%$128.27 → $115.05$121.66$104.41
2016 Q3减持−182421.4%$114.28 → $128.27$121.28$98.01
2016 Q2增持+72601.3%$114.10 → $114.28$114.19$98.01
David Abrams 3.3%·2018 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$0200400600800疫情暴跌2018 Q42019 Q42020 Q42021 Q42022 Q42023 Q42024 Q42026 Q2持股历程$0200400600800疫情暴跌2018 Q42020 Q42022 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不变—333.3%$572.13 → $563.29—$142.22
2025 Q4减持−7333.8%$734.38 → $660.09$697.24$142.22
2025 Q1减持−16394.0%$585.51 → $576.36$580.94$142.22
2024 Q4减持−6565.3%$572.44 → $585.51$578.98$142.22
2024 Q1减持−9629.4%$353.96 → $485.58$419.77$142.22
2023 Q4减持−22717.8%$300.21 → $353.96$327.09$142.22
2023 Q3减持−21939.2%$286.98 → $300.21$293.59$142.22
2023 Q2减持−1011149.4%$211.94 → $286.98$249.46$142.22
2023 Q1减持−221514.4%$120.34 → $211.94$166.14$142.22
2022 Q4增持+972189.3%$135.68 → $120.34$128.01$142.22
2020 Q1增持+191217.9%$205.25 → $166.80$186.02$153.68
2019 Q1增持+31024.8%$131.09 → $166.69$148.89$147.80
2018 Q4新建仓+1001005.4%$164.46 → $131.09$147.77$147.77
Samantha McLemore 3.2%·2021 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$2004006008002023 Q32023 Q42024 Q12024 Q22024 Q32024 Q42025 Q12025 Q32026 Q12026 Q2持股历程$2004006008002023 Q32024 Q22025 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—173.2%$572.13 → $563.29—$313.85
2026 Q1增持+3173.6%$660.09 → $572.13$616.11$313.85
2025 Q1减持−<1154.3%$585.51 → $576.36$580.94$254.72
2024 Q3减持−1154.2%$504.22 → $572.44$538.33$254.72
2024 Q2减持−1164.3%$485.58 → $504.22$494.90$254.72
2024 Q1减持−2163.9%$353.96 → $485.58$419.77$254.72
2023 Q3减持−4193.4%$286.98 → $300.21$293.59$254.72
Jensen 1.5%·2025 Q2 起

巨人页 →

季末价累计估计成本估计成交价（买／卖）
持股历程$5506006507007502025 Q22025 Q32025 Q42026 Q12026 Q2持股历程$5506006507007502025 Q22025 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−23111.5%$572.13 → $563.29$567.71$696.05
2026 Q1减持−2343.8%$660.09 → $572.13$616.11$696.05
2025 Q4减持−3373.8%$734.38 → $660.09$697.24$696.05
2025 Q3增持+20403.6%$738.09 → $734.38$736.23$696.05
2025 Q2新建仓+20201.8%$576.36 → $738.09$657.23$657.23
Ruane, Cunniff & Goldfarb（红杉基金） 1.4%·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$0200400600800疫情暴跌2016 Q42017 Q42018 Q42019 Q42020 Q42021 Q42022 Q42023 Q42024 Q42026 Q2持股历程$0200400600800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减持−5151.4%$572.13 → $563.29$567.71$197.21
2026 Q1减持−4201.9%$660.09 → $572.13$616.11$197.21
2025 Q4减持−1242.5%$734.38 → $660.09$697.24$197.21
2025 Q3减持−15243.0%$738.09 → $734.38$736.23$197.21
2025 Q2减持−11405.0%$576.36 → $738.09$657.23$197.21
2025 Q1减持−1515.3%$585.51 → $576.36$580.94$197.21
2024 Q4减持−5525.2%$572.44 → $585.51$578.98$197.21
2024 Q3减持−1575.1%$504.22 → $572.44$538.33$197.21
2024 Q2减持−2584.5%$485.58 → $504.22$494.90$197.21
2024 Q1减持−2604.5%$353.96 → $485.58$419.77$197.21
2023 Q4减持−27623.5%$300.21 → $353.96$327.09$197.21
2023 Q3减持−3894.5%$286.98 → $300.21$293.59$197.21
2023 Q2减持−35924.2%$211.94 → $286.98$249.46$197.21
2023 Q1减持−1691284.4%$120.34 → $211.94$166.14$197.21
2022 Q4减持−102965.6%$135.68 → $120.34$128.01$197.21
2022 Q3增持+293066.2%$161.25 → $135.68$148.47$197.21
2022 Q2减持−72775.8%$222.36 → $161.25$191.81$202.32
2022 Q1增持+192836.2%$336.35 → $222.36$279.36$202.32
2021 Q4减持−82657.6%$339.39 → $336.35$337.87$196.80
2021 Q3增持+242728.3%$347.71 → $339.39$343.55$196.80
2021 Q2减持−42487.6%$294.53 → $347.71$321.12$182.38
2021 Q1增持+302527.0%$273.16 → $294.53$283.84$182.38
2020 Q4减持−42226.5%$261.90 → $273.16$267.53$168.81
2020 Q3减持−42267.0%$227.07 → $261.90$244.48$168.81
2020 Q2增持+72297.0%$166.80 → $227.07$196.93$168.81
2020 Q1减持−52225.9%$205.25 → $166.80$186.02$167.89
2019 Q4减持−42275.8%$178.08 → $205.25$191.67$167.89
2019 Q3增持+202325.4%$193.00 → $178.08$185.54$167.89
2019 Q2减持−32115.5%$166.69 → $193.00$179.85$166.20
2019 Q1减持−632143.6%$131.09 → $166.69$148.89$166.20
2018 Q4减持−52774.0%$164.46 → $131.09$147.77$166.20
2018 Q3增持+382834.3%$194.32 → $164.46$179.39$166.20
2018 Q2增持+272454.3%$159.79 → $194.32$177.05$164.17
2018 Q1增持+1882183.1%$176.46 → $159.79$168.12$162.59
2017 Q1增持+30300.4%$115.05 → $142.05$128.55$128.45
2016 Q4新建仓+<1<1<0.1%$128.27 → $115.05$121.66$121.66
Sarah Ketterer 1.2%·2021 Q2 起

巨人页 →

季末价累计估计成本估计成交价（买／卖）
持股历程$02004006008002021 Q22022 Q12022 Q42023 Q32024 Q22025 Q12026 Q2持股历程$02004006008002021 Q22022 Q42024 Q22026 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+6201.2%$572.13 → $563.29$567.71$504.83
2026 Q1增持+3141.0%$660.09 → $572.13$616.11$480.23
2025 Q4增持+2111.0%$734.38 → $660.09$697.24$437.86
2025 Q3减持−190.8%$738.09 → $734.38$736.23$367.83
2025 Q2减持−1101.1%$576.36 → $738.09$657.23$367.83
2025 Q1增持+1111.3%$585.51 → $576.36$580.94$367.83
2024 Q4减持−1101.3%$572.44 → $585.51$578.98$355.15
2024 Q3减持−5101.5%$504.22 → $572.44$538.33$355.15
2024 Q2增持+3152.1%$485.58 → $504.22$494.90$355.15
2024 Q1减持−3121.5%$353.96 → $485.58$419.77$319.48
2023 Q4减持−<1151.4%$300.21 → $353.96$327.09$319.48
2023 Q3减持−4151.2%$286.98 → $300.21$293.59$319.48
2023 Q2减持−13201.5%$211.94 → $286.98$249.46$319.48
2023 Q1增持+1321.6%$120.34 → $211.94$166.14$319.48
2022 Q4减持−1311.1%$135.68 → $120.34$128.01$324.63
2022 Q3增持+<1331.2%$161.25 → $135.68$148.47$324.63
2022 Q2减持−2321.3%$222.36 → $161.25$191.81$326.94
2022 Q1减持−1341.8%$336.35 → $222.36$279.36$326.94
2021 Q4增持+9351.7%$339.39 → $336.35$337.87$326.94
2021 Q3增持+2262.0%$347.71 → $339.39$343.55$322.99
2021 Q2新建仓+24241.7%$294.53 → $347.71$321.12$321.12
汤姆·盖纳 1.0%·2015 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$0200400600800疫情暴跌2015 Q42016 Q42017 Q42018 Q42020 Q12021 Q12022 Q12024 Q42026 Q2持股历程$0200400600800疫情暴跌2015 Q42018 Q12020 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−1231.0%$572.13 → $563.29$567.71$185.02
2025 Q4减持−3251.3%$734.38 → $660.09$697.24$185.02
2025 Q1增持+<1281.4%$585.51 → $576.36$580.94$185.02
2024 Q4增持+<1281.4%$572.44 → $585.51$578.98$182.60
2022 Q4增持+3230.4%$135.68 → $120.34$128.01$154.16
2022 Q3增持+1200.4%$161.25 → $135.68$148.47$158.16
2022 Q2增持+2180.4%$222.36 → $161.25$191.81$158.89
2022 Q1增持+2160.4%$336.35 → $222.36$279.36$154.73
2021 Q2增持+<1150.7%$294.53 → $347.71$321.12$141.58
2021 Q1增持+<1150.6%$273.16 → $294.53$283.84$140.16
2020 Q1增持+<1140.5%$205.25 → $166.80$186.02$138.85
2019 Q3增持+<1140.4%$193.00 → $178.08$185.54$137.96
2019 Q2减持−<1140.4%$166.69 → $193.00$179.85$137.67
2019 Q1增持+1140.4%$131.09 → $166.69$148.89$137.67
2018 Q4增持+<1140.3%$164.46 → $131.09$147.77$137.22
2018 Q3增持+1140.4%$194.32 → $164.46$179.39$137.10
2018 Q2增持+1130.5%$159.79 → $194.32$177.05$134.29
2018 Q1增持+1120.4%$176.46 → $159.79$168.12$132.47
2017 Q3增持+1110.4%$150.98 → $170.87$160.93$127.63
2017 Q2增持+2100.3%$142.05 → $150.98$146.52$124.25
2017 Q1增持+280.3%$115.05 → $142.05$128.55$118.57
2016 Q4增持+160.2%$128.27 → $115.05$121.66$116.22
2016 Q3增持+250.2%$114.28 → $128.27$121.28$114.95
2016 Q2增持+230.1%$114.10 → $114.28$114.19$110.59
2016 Q1增持+11<0.1%$104.66 → $114.10$109.38$106.36
2015 Q4新建仓+<1<1<0.1%$89.90 → $104.66$97.28$97.28
比尔·米勒 0.9%·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+110.9%$572.13 → $563.29$567.71$567.71
Glenn Greenberg <0.1%·2025 Q2 起

巨人页 →

季末价累计估计成本估计成交价（买／卖）
持股历程$5506006507007502025 Q22025 Q32025 Q42026 Q12026 Q2持股历程$5506006507007502025 Q22025 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不变—<1<0.1%$572.13 → $563.29—$653.37
2026 Q1增持+<1<1<0.1%$660.09 → $572.13$616.11$653.37
2025 Q2新建仓+<1<1<0.1%$576.36 → $738.09$657.23$657.23

最近 8 季清仓的巨人