价投巨人的肩膀
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2026 Q2：22 位巨人持有，综合权重 1.54%，共识排名第 8；本季 10 位买入、9 位卖出。季末价 $373.02（2026-06-30）。

持有人数
22
上季 24 位
综合权重
1.54%
共识排名第 8
季末价
$373.02
2026-06-30
巨人的平均成本估
$284.88
季末价比这个平均高 31%（每位巨人的成本各算一次）

22 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
Mark Massey20.5%2338.712021 Q221$334.02+12%增持
比尔·艾克曼11.9%62123.152026 Q12$421.97−12%增持
C.T. Fitzpatrick11.2%993.682018 Q431$260.63+43%减持
David Rolfe6.9%90.332020 Q126$258.67+44%增持
Jensen6.7%742.751999 Q1110$55.92起算点+567%减持
AKO Capital5.5%632.342022 Q316$294.09+27%减持
Yacktman4.7%1013.762003 Q194$67.67+451%增持
泰瑞·史密斯4.3%2107.842018 Q332$125.58+197%减持
Wally Weitz4.0%150.572018 Q233$376.89−1%减持
William von Mueffling3.9%70.262020 Q126$228.22+63%资金转移
Ron Muhlenkamp / Jeff Muhlenkamp3.5%30.122010 Q463$58.22+541%不变
Robert Vinall3.2%30.122024 Q47$413.38−10%增持
汤姆·盖纳1.5%542.012015 Q443$111.65+234%不变
段永平1.5%752.812025 Q16$461.24−19%减持
克里斯·戴维斯0.1%90.352005 Q186$200.67+86%增持
Thomas Kahn0.1%<10.012024 Q110$418.77−11%增持
Glenn Greenberg<0.1%<10.022022 Q415$388.08−4%增持
Christopher Bloomstran<0.1%<1<0.012026 Q21$371.600%新建仓
Francois Rochon<0.1%<10.012024 Q47$427.29−13%减持
Tom Russo<0.1%<10.011999 Q1110$263.32起算点+42%增持
Ruane, Cunniff & Goldfarb（红杉基金）<0.1%<1<0.012023 Q213$328.37+14%不变
Sarah Ketterer<0.1%<1<0.012024 Q110$401.03−7%减持

成本地图：22 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$400JensenRon Muhlenkamp / Jeff MuhlenkampYacktman汤姆·盖纳泰瑞·史密斯克里斯·戴维斯William von MuefflingDavid RolfeC.T. FitzpatrickTom RussoAKO CapitalRuane, Cunniff & Goldfarb（红杉基金）Mark MasseyChristopher BloomstranWally WeitzGlenn GreenbergSarah KettererRobert VinallThomas Kahn比尔·艾克曼Francois Rochon段永平成本地图$200$400JensenMuhlenkampYacktman汤姆·盖纳泰瑞·史密斯克里斯·戴维斯W. MuefflingDavid RolfeC. FitzpatrickTom RussoAKO CapitalRuane（红杉基金）Mark MasseyC. BloomstranWally WeitzGlenn GreenbergSarah KettererRobert VinallThomas Kahn比尔·艾克曼Francois Rochon段永平

季末价走势（已按拆股调整）

1999 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$0200400600互联网泡沫破灭金融危机疫情暴跌1999 Q42002 Q32005 Q22008 Q12010 Q42013 Q32016 Q22019 Q12021 Q42026 Q2季末价走势$0200400600互联网泡沫破灭金融危机疫情暴跌1999 Q42006 Q32013 Q22026 Q2

越来越多还是越来越少巨人持有

持有人数

持有人数0102030互联网泡沫破灭金融危机疫情暴跌1999 Q42002 Q32005 Q22008 Q12010 Q42013 Q32016 Q22019 Q12021 Q42026 Q2持有人数0102030互联网泡沫破灭金融危机疫情暴跌1999 Q42006 Q32013 Q22026 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2010010202024 Q32025 Q12025 Q32026 Q2

综合权重（悬停看排名）

综合权重%00.51.01.52.0互联网泡沫破灭金融危机疫情暴跌1999 Q42002 Q32005 Q22008 Q12010 Q42013 Q32016 Q22019 Q12021 Q42026 Q2综合权重%00.51.01.52.0互联网泡沫破灭金融危机疫情暴跌1999 Q42006 Q32013 Q22026 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。

Mark Massey 20.5%·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$2003004005006002021 Q22022 Q12022 Q42023 Q32024 Q22025 Q12026 Q2持股历程$2003004005006002021 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+4723320.5%$370.17 → $373.02$371.60$334.02
2026 Q1减持−2118716.8%$483.62 → $370.17$426.90$324.63
2025 Q4减持−4920819.7%$517.95 → $483.62$500.79$324.63
2025 Q1增持+6925819.5%$421.50 → $375.39$398.45$324.63
2024 Q4减持−418916.1%$430.30 → $421.50$425.90$297.82
2024 Q2增持+1819317.8%$420.72 → $446.95$433.84$297.82
2024 Q1减持−2417515.9%$376.04 → $420.72$398.38$283.82
2023 Q4减持−2219916.7%$315.75 → $376.04$345.89$283.82
2023 Q3减持−622117.5%$340.54 → $315.75$328.15$283.82
2023 Q2减持−622718.6%$288.30 → $340.54$314.42$283.82
2023 Q1减持−2323318.4%$239.82 → $288.30$264.06$283.82
2022 Q4减持−2625619.3%$232.90 → $239.82$236.36$283.82
2022 Q3增持+928221.5%$256.83 → $232.90$244.86$283.82
2022 Q2增持+1027321.7%$308.31 → $256.83$282.57$285.05
2022 Q1增持+9226420.7%$336.32 → $308.31$322.32$285.14
2021 Q3增持+9017213.1%$270.90 → $281.92$276.41$265.37
2021 Q2新建仓+82826.2%$235.77 → $270.90$253.33$253.33
比尔·艾克曼 11.9%·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$3603804004204402026 Q12026 Q2持股历程$3603804004204402026 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+5562111.9%$370.17 → $373.02$371.60$421.97
2026 Q1新建仓+56556514.7%$483.62 → $370.17$426.90$426.90
C.T. Fitzpatrick 11.2%·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$0200400600疫情暴跌2018 Q42019 Q42020 Q42021 Q42022 Q42023 Q42024 Q42026 Q2持股历程$0200400600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减持−129911.2%$370.17 → $373.02$371.60$260.63
2026 Q1减持−311110.9%$483.62 → $370.17$426.90$260.63
2025 Q4减持−411410.1%$517.95 → $483.62$500.79$260.63
2025 Q3减持−311911.1%$497.41 → $517.95$507.68$260.63
2025 Q2减持−1712211.0%$375.39 → $497.41$436.40$260.63
2025 Q1增持+201399.8%$421.50 → $375.39$398.45$260.63
2024 Q4增持+371198.4%$430.30 → $421.50$425.90$236.87
2024 Q3减持−<1825.9%$446.95 → $430.30$438.63$152.69
2024 Q2减持−21835.6%$420.72 → $446.95$433.84$152.69
2024 Q1减持−61046.4%$376.04 → $420.72$398.38$152.69
2023 Q4减持−251106.0%$315.75 → $376.04$345.89$152.69
2023 Q3减持−401356.5%$340.54 → $315.75$328.15$152.69
2023 Q2减持−421747.5%$288.30 → $340.54$314.42$152.69
2023 Q1增持+112177.9%$239.82 → $288.30$264.06$152.69
2022 Q4减持−412066.6%$232.90 → $239.82$236.36$146.96
2022 Q3增持+572476.7%$256.83 → $232.90$244.86$146.96
2022 Q2减持−311904.8%$308.31 → $256.83$282.57$117.47
2022 Q1减持−172204.2%$336.32 → $308.31$322.32$117.47
2021 Q4减持−282374.1%$281.92 → $336.32$309.12$117.47
2021 Q3减持−102654.0%$270.90 → $281.92$276.41$117.47
2021 Q2减持−102754.0%$235.77 → $270.90$253.33$117.47
2021 Q1减持−122854.0%$222.42 → $235.77$229.10$117.47
2020 Q4增持+82984.3%$210.33 → $222.42$216.37$117.47
2020 Q3减持−222904.7%$203.51 → $210.33$206.92$114.71
2020 Q2减持−123115.0%$157.71 → $203.51$180.61$114.71
2020 Q1增持+43245.3%$157.70 → $157.71$157.70$114.71
2019 Q4增持+333193.9%$139.03 → $157.70$148.37$114.15
2019 Q3增持+232863.4%$133.96 → $139.03$136.50$110.21
2019 Q2减持−612643.1%$117.94 → $133.96$125.95$107.97
2019 Q1减持−103253.3%$101.57 → $117.94$109.76$107.97
2018 Q4新建仓+3343343.1%$114.37 → $101.57$107.97$107.97
David Rolfe 6.9%·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$1002003004005006002020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32025 Q22026 Q2持股历程$1002003004005006002020 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增持+296.9%$370.17 → $373.02$371.60$258.67
2026 Q1减持−<175.7%$483.62 → $370.17$426.90$234.85
2025 Q4减持−<187.0%$517.95 → $483.62$500.79$234.85
2025 Q3增持+<187.5%$497.41 → $517.95$507.68$234.85
2025 Q2减持−<188.0%$375.39 → $497.41$436.40$225.57
2025 Q1增持+187.0%$421.50 → $375.39$398.45$225.57
2024 Q4减持−<175.4%$430.30 → $421.50$425.90$193.92
2024 Q3减持−<175.2%$446.95 → $430.30$438.63$193.92
2024 Q2减持−<175.7%$420.72 → $446.95$433.84$193.92
2024 Q1减持−<176.0%$376.04 → $420.72$398.38$193.92
2023 Q4减持−<176.1%$315.75 → $376.04$345.89$193.92
2023 Q3减持−475.6%$340.54 → $315.75$328.15$193.92
2023 Q2减持−1116.2%$288.30 → $340.54$314.42$193.92
2023 Q1减持−1125.8%$239.82 → $288.30$264.06$193.92
2022 Q4减持−<1135.9%$232.90 → $239.82$236.36$193.92
2022 Q3减持−<1146.0%$256.83 → $232.90$244.86$193.92
2022 Q2减持−<1146.3%$308.31 → $256.83$282.57$193.92
2022 Q1增持+1146.2%$336.32 → $308.31$322.32$193.92
2021 Q4减持−<1135.8%$281.92 → $336.32$309.12$182.02
2021 Q3减持−<1135.2%$270.90 → $281.92$276.41$182.02
2021 Q2减持−1135.2%$235.77 → $270.90$253.33$182.02
2021 Q1减持−1145.1%$222.42 → $235.77$229.10$182.02
2020 Q4减持−1154.9%$210.33 → $222.42$216.37$182.02
2020 Q3增持+8165.3%$203.51 → $210.33$206.92$182.02
2020 Q2减持−<182.8%$157.71 → $203.51$180.61$157.70
2020 Q1新建仓+882.5%$157.70 → $157.71$157.70$157.70
Jensen 6.7%·1999 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金融危机疫情暴跌2002 Q32005 Q12007 Q32010 Q12012 Q32015 Q12017 Q32020 Q12022 Q32026 Q2持股历程$0200400600金融危机疫情暴跌2002 Q32008 Q32014 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−43746.7%$370.17 → $373.02$371.60$55.92
2026 Q1减持−161178.5%$483.62 → $370.17$426.90$55.92
2025 Q4减持−1913310.1%$517.95 → $483.62$500.79$55.92
2025 Q3减持−51529.8%$497.41 → $517.95$507.68$55.92
2025 Q2减持−211579.1%$375.39 → $497.41$436.40$55.92
2025 Q1减持−281787.4%$421.50 → $375.39$398.45$55.92
2024 Q4减持−72067.8%$430.30 → $421.50$425.90$55.92
2024 Q3减持−92127.6%$446.95 → $430.30$438.63$55.92
2024 Q2减持−132218.1%$420.72 → $446.95$433.84$55.92
2024 Q1减持−242347.5%$376.04 → $420.72$398.38$55.92
2023 Q4减持−312587.3%$315.75 → $376.04$345.89$55.92
2023 Q3减持−32897.2%$340.54 → $315.75$328.15$55.92
2023 Q2减持−162927.3%$288.30 → $340.54$314.42$55.92
2023 Q1减持−113086.9%$239.82 → $288.30$264.06$55.92
2022 Q4增持+153196.0%$232.90 → $239.82$236.36$55.92
2022 Q2增持+93056.5%$308.31 → $256.83$282.57$46.78
2021 Q4减持−282947.0%$281.92 → $336.32$309.12$39.57
2021 Q3减持−323227.2%$270.90 → $281.92$276.41$39.57
2021 Q2减持−33547.2%$235.77 → $270.90$253.33$39.57
2021 Q1减持−273576.7%$222.42 → $235.77$229.10$39.57
2020 Q3减持−263837.1%$203.51 → $210.33$206.92$39.57
2020 Q2减持−134098.0%$157.71 → $203.51$180.61$39.57
2020 Q1减持−254227.5%$157.70 → $157.71$157.70$39.57
2019 Q4减持−204477.0%$139.03 → $157.70$148.37$39.57
2019 Q3增持+84676.9%$133.96 → $139.03$136.50$39.57
2019 Q2增持+274597.0%$117.94 → $133.96$125.95$37.82
2019 Q1增持+194326.1%$101.57 → $117.94$109.76$32.32
2018 Q2减持−534135.5%$91.27 → $98.61$94.94$28.68
2018 Q1减持−804665.6%$85.54 → $91.27$88.40$28.68
2017 Q3减持−35465.5%$68.93 → $74.49$71.71$28.68
2017 Q2减持−405505.2%$65.86 → $68.93$67.39$28.68
2016 Q3减持−625925.1%$51.17 → $57.60$54.38$28.68
2016 Q2增持+516545.2%$55.23 → $51.17$53.20$28.68
2016 Q1减持−306035.3%$55.48 → $55.23$55.36$26.59
2015 Q3增持+66324.9%$44.15 → $44.26$44.21$26.59
2014 Q4减持−136234.5%$46.36 → $46.45$46.41$26.42
2014 Q3减持−226374.7%$41.70 → $46.36$44.03$26.42
2014 Q2减持−276594.1%$40.99 → $41.70$41.34$26.42
2014 Q1增持+86874.1%$37.41 → $40.99$39.20$26.42
2013 Q4减持−76783.6%$33.28 → $37.41$35.35$26.26
2013 Q3增持+76853.5%$34.54 → $33.28$33.91$26.26
2013 Q2减持−1196783.8%$28.61 → $34.54$31.57$26.18
2013 Q1增持+277973.8%$26.71 → $28.61$27.66$26.18
2012 Q4减持−1077703.8%$29.76 → $26.71$28.24$26.13
2012 Q3增持+88774.7%$30.59 → $29.76$30.18$26.13
2012 Q2增持+108694.8%$32.25 → $30.59$31.42$26.10
2012 Q1减持−98584.8%$25.96 → $32.25$29.11$26.03
2011 Q4增持+198682.1%$24.89 → $25.96$25.42$26.03
2011 Q3减持−1488492.2%$26.00 → $24.89$25.44$26.05
2011 Q1增持+1289982.3%$27.91 → $25.39$26.65$26.05
2010 Q4增持+858702.5%$24.49 → $27.91$26.20$25.96
2010 Q3增持+1367852.4%$23.01 → $24.49$23.75$25.93
2010 Q2增持+846502.1%$29.29 → $23.01$26.15$26.39
2010 Q1增持+365652.3%$30.48 → $29.29$29.88$26.42
2009 Q3减持−435292.5%$23.77 → $25.80$24.78$26.19
2009 Q2减持−315722.9%$18.37 → $23.77$21.07$26.19
2009 Q1减持−86032.6%$19.44 → $18.37$18.91$26.19
2008 Q4增持+676115.0%$26.69 → $19.44$23.07$26.19
2008 Q3增持+1275444.9%$27.51 → $26.69$27.10$26.57
2008 Q2增持+64164.4%$28.38 → $27.51$27.94$26.41
2008 Q1减持−64114.2%$35.60 → $28.38$31.99$26.39
2007 Q4增持+104174.8%$29.46 → $35.60$32.53$26.39
2007 Q3增持+134063.8%$29.47 → $29.46$29.46$26.23
2007 Q2增持+133933.9%$27.87 → $29.47$28.67$26.12
2007 Q1增持+103803.8%$29.86 → $27.87$28.87$26.03
2006 Q4增持+323703.9%$27.35 → $29.86$28.60$25.96
2006 Q3增持+3363383.6%$23.30 → $27.35$25.32$25.71
2006 Q2减持−<13<0.1%$27.21 → $23.30$25.26$75.50
2006 Q1减持−<13<0.1%$26.15 → $27.21$26.68$75.50
2005 Q4增持+<13<0.1%$25.73 → $26.15$25.94$75.50
2005 Q2减持−<13<0.1%$24.17 → $24.84$24.51$78.06
2004 Q4减持−<13<0.1%$27.65 → $26.72$27.18$78.06
2004 Q3减持−13<0.1%$28.56 → $27.65$28.10$78.06
2004 Q1减持−14<0.1%$27.37 → $24.93$26.15$78.06
2003 Q4减持−<150.1%$27.80 → $27.37$27.59$78.06
2003 Q1待确认050.1%$51.70 → $24.21$37.96$78.06
2002 Q4增持+<130.1%$43.74 → $51.70$47.72$78.06
2002 Q3减持−130.2%$54.70 → $43.74$49.22$80.76
AKO Capital 5.5%·2022 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$2003004005006002022 Q32023 Q12023 Q32024 Q12024 Q32025 Q12025 Q32026 Q2持股历程$2003004005006002022 Q32023 Q32024 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−11635.5%$370.17 → $373.02$371.60$294.09
2026 Q1减持−29745.3%$483.62 → $370.17$426.90$294.09
2025 Q4减持−51027.5%$517.95 → $483.62$500.79$294.09
2025 Q3减持−201077.9%$497.41 → $517.95$507.68$294.09
2025 Q2增持+21278.0%$375.39 → $497.41$436.40$294.09
2025 Q1增持+111256.1%$421.50 → $375.39$398.45$291.60
2024 Q4减持−121146.7%$430.30 → $421.50$425.90$281.51
2024 Q3增持+51277.1%$446.95 → $430.30$438.63$281.51
2024 Q2增持+91217.4%$420.72 → $446.95$433.84$274.48
2023 Q4增持+131126.0%$315.75 → $376.04$345.89$261.25
2023 Q3减持−9985.1%$340.54 → $315.75$328.15$249.79
2023 Q2减持−241085.5%$288.30 → $340.54$314.42$249.79
2023 Q1增持+491325.8%$239.82 → $288.30$264.06$249.79
2022 Q4增持+33833.2%$232.90 → $239.82$236.36$241.43
2022 Q3新建仓+49491.9%$256.83 → $232.90$244.86$244.86
Yacktman 4.7%·2003 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金融危机疫情暴跌2003 Q12005 Q32008 Q12010 Q32013 Q12015 Q32018 Q12020 Q32023 Q12026 Q2持股历程$0200400600金融危机疫情暴跌2003 Q12009 Q12015 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+21014.7%$370.17 → $373.02$371.60$67.67
2026 Q1增持+3994.9%$483.62 → $370.17$426.90$62.66
2025 Q4减持−6966.5%$517.95 → $483.62$500.79$51.67
2025 Q3减持−81037.3%$497.41 → $517.95$507.68$51.67
2025 Q2减持−101117.4%$375.39 → $497.41$436.40$51.67
2025 Q1减持−11205.9%$421.50 → $375.39$398.45$51.67
2024 Q4减持−31226.0%$430.30 → $421.50$425.90$51.67
2024 Q3减持−281255.5%$446.95 → $430.30$438.63$51.67
2024 Q2减持−61536.4%$420.72 → $446.95$433.84$51.67
2024 Q1减持−51596.0%$376.04 → $420.72$398.38$51.67
2023 Q4减持−141645.7%$315.75 → $376.04$345.89$51.67
2023 Q3减持−141775.5%$340.54 → $315.75$328.15$51.67
2022 Q4减持−21924.6%$232.90 → $239.82$236.36$51.67
2022 Q1减持−101945.3%$336.32 → $308.31$322.32$51.67
2021 Q3减持−42055.6%$270.90 → $281.92$276.41$51.67
2021 Q2减持−22095.5%$235.77 → $270.90$253.33$51.67
2021 Q1增持+262115.2%$222.42 → $235.77$229.10$51.67
2020 Q4减持−41845.1%$210.33 → $222.42$216.37$26.34
2020 Q3减持−71895.9%$203.51 → $210.33$206.92$26.34
2020 Q2减持−401956.3%$157.71 → $203.51$180.61$26.34
2020 Q1减持−262356.1%$157.70 → $157.71$157.70$26.34
2019 Q4减持−452615.2%$139.03 → $157.70$148.37$26.34
2019 Q3减持−143065.2%$133.96 → $139.03$136.50$26.34
2019 Q2减持−83215.2%$117.94 → $133.96$125.95$26.34
2019 Q1减持−653294.8%$101.57 → $117.94$109.76$26.34
2018 Q4减持−323945.1%$114.37 → $101.57$107.97$26.34
2018 Q2减持−1334275.2%$91.27 → $98.61$94.94$26.34
2018 Q1减持−685615.3%$85.54 → $91.27$88.40$26.34
2017 Q4减持−2436295.2%$74.49 → $85.54$80.01$26.34
2017 Q2减持−818755.9%$65.86 → $68.93$67.39$26.34
2017 Q1减持−819565.9%$62.14 → $65.86$64.00$26.34
2016 Q4减持−1291,0375.8%$57.60 → $62.14$59.87$26.34
2016 Q3减持−861,1665.8%$51.17 → $57.60$54.38$26.34
2016 Q1减持−391,2545.4%$55.48 → $55.23$55.36$26.34
2015 Q4减持−4181,2935.4%$44.26 → $55.48$49.87$26.34
2015 Q3减持−1021,7115.0%$44.15 → $44.26$44.21$26.34
2015 Q2减持−3411,8134.3%$40.65 → $44.15$42.40$26.34
2015 Q1减持−462,1534.0%$46.45 → $40.65$43.55$26.34
2014 Q4减持−6242,1994.2%$46.36 → $46.45$46.41$26.34
2014 Q3减持−4712,8235.5%$41.70 → $46.36$44.03$26.34
2014 Q1减持−1283,2945.6%$37.41 → $40.99$39.20$26.34
2013 Q4减持−1533,4225.3%$33.28 → $37.41$35.35$26.34
2013 Q3减持−393,5755.3%$34.54 → $33.28$33.91$26.34
2013 Q2减持−5213,6145.9%$28.61 → $34.54$31.57$26.34
2013 Q1增持+1,1504,1356.1%$26.71 → $28.61$27.66$26.34
2012 Q4减持−282,9854.8%$29.76 → $26.71$28.24$25.83
2012 Q2减持−233,0156.0%$32.25 → $30.59$31.42$25.83
2012 Q1减持−893,0386.7%$25.96 → $32.25$29.11$25.83
2011 Q4增持+4913,1266.6%$24.89 → $25.96$25.42$25.83
2011 Q3增持+592,6356.7%$26.00 → $24.89$25.44$25.91
2011 Q2增持+4332,5767.1%$25.39 → $26.00$25.69$25.92
2011 Q1增持+8522,1436.8%$27.91 → $25.39$26.65$25.97
2010 Q4增持+1761,2916.0%$24.49 → $27.91$26.20$25.52
2010 Q3增持+2431,1155.8%$23.01 → $24.49$23.75$25.41
2010 Q2增持+3418725.5%$29.29 → $23.01$26.15$25.87
2010 Q1增持+765314.8%$30.48 → $29.29$29.88$25.69
2009 Q4减持−114556.0%$25.80 → $30.48$28.14$24.99
2009 Q3增持+1354667.0%$23.77 → $25.80$24.78$24.99
2009 Q2增持+403317.4%$18.37 → $23.77$21.07$25.07
2008 Q4增持+282908.1%$26.69 → $19.44$23.07$25.62
2008 Q3减持−62629.7%$27.51 → $26.69$27.10$25.89
2008 Q2增持+426810.8%$28.38 → $27.51$27.94$25.89
2008 Q1增持+92649.4%$35.60 → $28.38$31.99$25.87
2007 Q4增持+325510.3%$29.46 → $35.60$32.53$25.64
2007 Q3增持+62538.3%$29.47 → $29.46$29.46$25.57
2007 Q2增持+12478.2%$27.87 → $29.47$28.67$25.48
2007 Q1增持+132457.8%$29.86 → $27.87$28.87$25.46
2006 Q4减持−62338.3%$27.35 → $29.86$28.60$25.28
2006 Q3减持−42388.4%$23.30 → $27.35$25.32$25.28
2006 Q2增持+2272427.7%$27.21 → $23.30$25.26$25.28
2005 Q2增持+4150.5%$24.17 → $24.84$24.51$25.63
2005 Q1减持−<1110.4%$26.72 → $24.17$25.44$26.04
2004 Q1增持+<1110.5%$27.37 → $24.93$26.15$26.04
2003 Q2增持+10110.5%$24.21 → $25.64$24.92$26.04
2003 Q1新建仓+11<0.1%$51.70 → $24.21$37.96$37.96
泰瑞·史密斯 4.3%·2018 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−642104.3%$370.17 → $373.02$371.60$125.58
2025 Q4减持−842755.9%$517.95 → $483.62$500.79$125.58
2025 Q3减持−2943597.1%$497.41 → $517.95$507.68$125.58
2025 Q2减持−6165310.7%$375.39 → $497.41$436.40$125.58
2025 Q1减持−1127149.2%$421.50 → $375.39$398.45$125.58
2024 Q4减持−8382711.2%$430.30 → $421.50$425.90$125.58
2024 Q3减持−3090911.7%$446.95 → $430.30$438.63$125.58
2024 Q2减持−4794013.0%$420.72 → $446.95$433.84$125.58
2024 Q1减持−4798712.6%$376.04 → $420.72$398.38$125.58
2023 Q4减持−961,03412.6%$315.75 → $376.04$345.89$125.58
2023 Q3减持−491,13012.5%$340.54 → $315.75$328.15$125.58
2022 Q4减持−241,17910.1%$232.90 → $239.82$236.36$125.58
2022 Q3减持−741,20210.4%$256.83 → $232.90$244.86$125.58
2022 Q2增持+221,27611.5%$308.31 → $256.83$282.57$125.58
2022 Q1减持−491,25410.6%$336.32 → $308.31$322.32$122.78
2021 Q4增持+971,30310.6%$281.92 → $336.32$309.12$122.78
2020 Q4增持+141,2078.9%$210.33 → $222.42$216.37$107.82
2020 Q1减持−221,19710.6%$157.70 → $157.71$157.70$106.52
2019 Q1增持+111,2148.1%$101.57 → $117.94$109.76$106.52
2018 Q3新建仓+1,2071,2079.3%$98.61 → $114.37$106.49$106.49
Wally Weitz 4.0%·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$0200400600疫情暴跌2018 Q22019 Q22020 Q22021 Q22022 Q22023 Q22024 Q22025 Q22026 Q2持股历程$0200400600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−2154.0%$370.17 → $373.02$371.60$376.89
2026 Q1增持+2174.4%$483.62 → $370.17$426.90$376.89
2025 Q4减持−1154.2%$517.95 → $483.62$500.79$368.85
2025 Q3增持+2154.3%$497.41 → $517.95$507.68$368.85
2025 Q2减持−<1133.5%$375.39 → $497.41$436.40$342.58
2025 Q1增持+9132.7%$421.50 → $375.39$398.45$342.58
2024 Q4增持+<151.0%$430.30 → $421.50$425.90$234.59
2024 Q2减持−<141.0%$420.72 → $446.95$433.84$211.70
2024 Q1减持−140.9%$376.04 → $420.72$398.38$211.70
2023 Q2减持−261.1%$288.30 → $340.54$314.42$211.70
2023 Q1增持+281.3%$239.82 → $288.30$264.06$211.70
2022 Q4增持+460.8%$232.90 → $239.82$236.36$198.72
2022 Q2增持+<120.3%$308.31 → $256.83$282.57$125.27
2022 Q1增持+<120.3%$336.32 → $308.31$322.32$105.59
2021 Q4增持+<120.2%$281.92 → $336.32$309.12$103.19
2019 Q1增持+<120.1%$101.57 → $117.94$109.76$97.06
2018 Q2新建仓+220.1%$91.27 → $98.61$94.94$94.94
William von Mueffling 3.9%·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$1002003004005006002020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32025 Q22026 Q2持股历程$1002003004005006002020 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资金转移−10473.9%$370.17 → $373.02$371.60$228.22
2026 Q1减持−151112.7%$483.62 → $370.17$426.90$228.22
2025 Q4增持+11263.3%$517.95 → $483.62$500.79$228.22
2025 Q3减持−11253.6%$497.41 → $517.95$507.68$226.16
2025 Q2减持−41273.6%$375.39 → $497.41$436.40$226.16
2025 Q1减持−41303.2%$421.50 → $375.39$398.45$226.16
2024 Q4增持+11343.4%$430.30 → $421.50$425.90$226.16
2024 Q3减持−41343.5%$446.95 → $430.30$438.63$225.09
2024 Q2减持−71384.1%$420.72 → $446.95$433.84$225.09
2024 Q1减持−31453.8%$376.04 → $420.72$398.38$225.09
2023 Q4减持−41483.7%$315.75 → $376.04$345.89$225.09
2023 Q2增持+91523.6%$288.30 → $340.54$314.42$225.09
2023 Q1增持+241433.3%$239.82 → $288.30$264.06$219.42
2022 Q4减持−21182.4%$232.90 → $239.82$236.36$210.32
2022 Q3增持+141212.5%$256.83 → $232.90$244.86$210.32
2022 Q2增持+121072.3%$308.31 → $256.83$282.57$205.82
2022 Q1增持+3952.1%$336.32 → $308.31$322.32$196.09
2021 Q4减持−7922.0%$281.92 → $336.32$309.12$192.46
2021 Q3减持−2991.9%$270.90 → $281.92$276.41$192.46
2021 Q2增持+361011.8%$235.77 → $270.90$253.33$192.46
2021 Q1减持−2641.1%$222.42 → $235.77$229.10$157.94
2020 Q3减持−1671.2%$203.51 → $210.33$206.92$157.94
2020 Q2增持+1671.2%$157.71 → $203.51$180.61$157.94
2020 Q1新建仓+67671.2%$157.70 → $157.71$157.70$157.70
Ron Muhlenkamp / Jeff Muhlenkamp 3.5%·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$02004006002012 Q12013 Q12014 Q12015 Q12016 Q12017 Q12018 Q12022 Q22025 Q22026 Q2持股历程$02004006002012 Q12014 Q32017 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—33.5%$370.17 → $373.02—$58.22
2025 Q4增持+<134.3%$517.95 → $483.62$500.79$58.22
2025 Q1增持+<134.0%$421.50 → $375.39$398.45$49.21
2022 Q1减持−133.4%$336.32 → $308.31$322.32$33.20
2018 Q1减持−7165.4%$85.54 → $91.27$88.40$32.17
2017 Q4减持−<1236.0%$74.49 → $85.54$80.01$32.17
2016 Q4减持−<1234.8%$57.60 → $62.14$59.87$32.17
2016 Q1减持−5245.4%$55.48 → $55.23$55.36$32.17
2015 Q4减持−<1295.0%$44.26 → $55.48$49.87$32.17
2015 Q1增持+10292.5%$46.45 → $40.65$43.55$32.17
2014 Q4减持−1191.8%$46.36 → $46.45$46.41$26.19
2014 Q3减持−19201.7%$41.70 → $46.36$44.03$26.19
2014 Q1减持−18392.8%$37.41 → $40.99$39.20$26.19
2013 Q4减持−9573.8%$33.28 → $37.41$35.35$26.19
2013 Q1减持−19653.9%$26.71 → $28.61$27.66$26.19
2012 Q4减持−1854.8%$29.76 → $26.71$28.24$26.19
Robert Vinall 3.2%·2024 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$3504004505005502024 Q42025 Q12025 Q22025 Q32026 Q12026 Q2持股历程$3504004505005502024 Q42025 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+133.2%$370.17 → $373.02$371.60$413.38
2026 Q1增持+132.5%$483.62 → $370.17$426.90$426.44
2024 Q4新建仓+111.0%$430.30 → $421.50$425.90$425.90
汤姆·盖纳 1.5%·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$0200400600疫情暴跌2015 Q42016 Q42017 Q42018 Q42020 Q12021 Q12022 Q12024 Q42026 Q2持股历程$0200400600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不变—541.5%$370.17 → $373.02—$111.65
2025 Q4增持+<1542.1%$517.95 → $483.62$500.79$111.65
2025 Q3增持+<1532.2%$497.41 → $517.95$507.68$109.02
2025 Q2增持+<1532.2%$375.39 → $497.41$436.40$105.54
2025 Q1增持+<1521.7%$421.50 → $375.39$398.45$102.54
2024 Q4增持+<1521.9%$430.30 → $421.50$425.90$100.68
2020 Q1增持+<1481.4%$157.70 → $157.71$157.70$77.61
2019 Q3增持+2461.0%$133.96 → $139.03$136.50$75.18
2019 Q2增持+3450.9%$117.94 → $133.96$125.95$72.87
2019 Q1增持+2410.8%$101.57 → $117.94$109.76$68.48
2018 Q4增持+<1390.8%$114.37 → $101.57$107.97$66.01
2018 Q3增持+3390.7%$98.61 → $114.37$106.49$65.79
2018 Q2增持+2360.7%$91.27 → $98.61$94.94$62.86
2018 Q1增持+3340.6%$85.54 → $91.27$88.40$60.78
2017 Q3增持+3310.5%$68.93 → $74.49$71.71$58.38
2017 Q2增持+4280.4%$65.86 → $68.93$67.39$56.86
2017 Q1增持+4240.4%$62.14 → $65.86$64.00$55.26
2016 Q4增持+2210.3%$57.60 → $62.14$59.87$53.74
2016 Q3增持+3190.3%$51.17 → $57.60$54.38$53.26
2016 Q2增持+10160.2%$55.23 → $51.17$53.20$53.03
2016 Q1增持+360.1%$55.48 → $55.23$55.36$52.78
2015 Q4新建仓+33<0.1%$44.26 → $55.48$49.87$49.87
段永平 1.5%·2025 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$3504004505005502025 Q12025 Q22025 Q32025 Q42026 Q12026 Q2持股历程$3504004505005502025 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减持−26751.5%$370.17 → $373.02$371.60$461.24
2026 Q1增持+161021.9%$483.62 → $370.17$426.90$461.24
2025 Q4增持+58862.4%$517.95 → $483.62$500.79$467.52
2025 Q2减持−2281.2%$375.39 → $497.41$436.40$398.45
2025 Q1新建仓+30300.9%$421.50 → $375.39$398.45$398.45
克里斯·戴维斯 0.1%·2005 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 Q22017 Q32018 Q42020 Q12021 Q22022 Q32023 Q42025 Q12026 Q2持股历程$0200400600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增持+190.1%$370.17 → $373.02$371.60$200.67
2026 Q1增持+280.1%$483.62 → $370.17$426.90$169.13
2025 Q4增持+160.1%$517.95 → $483.62$500.79$94.15
2025 Q3减持−2050.1%$497.41 → $517.95$507.68$28.10
2025 Q2减持−1250.7%$375.39 → $497.41$436.40$28.10
2025 Q1增持+<1260.6%$421.50 → $375.39$398.45$28.10
2024 Q4减持−<1250.6%$430.30 → $421.50$425.90$25.88
2024 Q1减持−7260.6%$376.04 → $420.72$398.38$25.88
2023 Q4减持−<1330.7%$315.75 → $376.04$345.89$25.88
2023 Q3减持−1340.7%$340.54 → $315.75$328.15$25.88
2023 Q2减持−1350.7%$288.30 → $340.54$314.42$25.88
2023 Q1减持−1350.7%$239.82 → $288.30$264.06$25.88
2022 Q4减持−1360.6%$232.90 → $239.82$236.36$25.88
2022 Q3减持−1370.6%$256.83 → $232.90$244.86$25.88
2022 Q2减持−6380.6%$308.31 → $256.83$282.57$25.88
2022 Q1减持−1430.7%$336.32 → $308.31$322.32$25.88
2021 Q4减持−1440.7%$281.92 → $336.32$309.12$25.88
2021 Q3减持−1450.6%$270.90 → $281.92$276.41$25.88
2021 Q1减持−1460.5%$222.42 → $235.77$229.10$25.88
2020 Q4减持−2460.5%$210.33 → $222.42$216.37$25.88
2020 Q3减持−8480.6%$203.51 → $210.33$206.92$25.88
2020 Q2减持−1560.7%$157.71 → $203.51$180.61$25.88
2020 Q1减持−66580.6%$157.70 → $157.71$157.70$25.88
2019 Q4减持−511240.9%$139.03 → $157.70$148.37$25.88
2019 Q3减持−61741.2%$133.96 → $139.03$136.50$25.88
2019 Q2减持−51801.2%$117.94 → $133.96$125.95$25.88
2019 Q1减持−1041851.1%$101.57 → $117.94$109.76$25.88
2018 Q4减持−72891.6%$114.37 → $101.57$107.97$25.88
2018 Q3减持−292961.5%$98.61 → $114.37$106.49$25.88
2018 Q2减持−73261.4%$91.27 → $98.61$94.94$25.88
2018 Q1减持−123331.3%$85.54 → $91.27$88.40$25.88
2017 Q4减持−43451.3%$74.49 → $85.54$80.01$25.88
2017 Q3减持−213491.1%$68.93 → $74.49$71.71$25.88
2017 Q2减持−253701.1%$65.86 → $68.93$67.39$25.88
2017 Q1减持−153951.1%$62.14 → $65.86$64.00$25.88
2016 Q4减持−344101.1%$57.60 → $62.14$59.87$25.88
2016 Q3减持−234441.1%$51.17 → $57.60$54.38$25.88
2016 Q2减持−114671.1%$55.23 → $51.17$53.20$25.88
Thomas Kahn 0.1%·2024 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$3504004505005502024 Q12024 Q22024 Q32024 Q42025 Q12025 Q22025 Q32025 Q42026 Q12026 Q2持股历程$3504004505005502024 Q12024 Q42025 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<10.1%$370.17 → $373.02$371.60$418.77
2026 Q1减持−<1<10.1%$483.62 → $370.17$426.90$420.48
2025 Q4增持+<1<10.2%$517.95 → $483.62$500.79$420.48
2025 Q2增持+<1<10.2%$375.39 → $497.41$436.40$399.95
2024 Q3增持+<1<10.1%$446.95 → $430.30$438.63$398.64
2024 Q2减持−<1<10.1%$420.72 → $446.95$433.84$398.38
2024 Q1新建仓+<1<10.1%$376.04 → $420.72$398.38$398.38
Glenn Greenberg <0.1%·2022 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$2003004005006002022 Q42023 Q22023 Q42024 Q22024 Q42025 Q22025 Q42026 Q2持股历程$2003004005006002022 Q42023 Q42024 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+<1<1<0.1%$370.17 → $373.02$371.60$388.08
2026 Q1增持+<1<1<0.1%$483.62 → $370.17$426.90$406.40
2025 Q2减持−<1<1<0.1%$375.39 → $497.41$436.40$347.85
2024 Q4增持+<1<1<0.1%$430.30 → $421.50$425.90$347.85
2024 Q1减持−<1<1<0.1%$376.04 → $420.72$398.38$236.36
2023 Q4减持−<1<1<0.1%$315.75 → $376.04$345.89$236.36
2023 Q2减持−<1<1<0.1%$288.30 → $340.54$314.42$236.36
2022 Q4新建仓+<1<1<0.1%$232.90 → $239.82$236.36$236.36
Christopher Bloomstran <0.1%·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+<1<1<0.1%$370.17 → $373.02$371.60$371.60
Francois Rochon <0.1%·2024 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$3504004505005502024 Q42025 Q12025 Q22025 Q32025 Q42026 Q12026 Q2持股历程$3504004505005502024 Q42025 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−<1<1<0.1%$370.17 → $373.02$371.60$427.29
2026 Q1增持+<1<1<0.1%$483.62 → $370.17$426.90$427.29
2025 Q3减持−<1<1<0.1%$497.41 → $517.95$507.68$427.34
2025 Q2增持+<1<1<0.1%$375.39 → $497.41$436.40$427.34
2025 Q1减持−<1<1<0.1%$421.50 → $375.39$398.45$425.90
2024 Q4新建仓+<1<1<0.1%$430.30 → $421.50$425.90$425.90
Tom Russo <0.1%·1999 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增持+<1<1<0.1%$370.17 → $373.02$371.60$263.32
2026 Q1减持−<1<1<0.1%$483.62 → $370.17$426.90$262.10
2025 Q4增持+<1<1<0.1%$517.95 → $483.62$500.79$262.10
2025 Q3减持−<1<1<0.1%$497.41 → $517.95$507.68$248.48
2025 Q2减持−<1<1<0.1%$375.39 → $497.41$436.40$248.48
2025 Q1减持−<1<1<0.1%$421.50 → $375.39$398.45$248.48
2024 Q4减持−<1<1<0.1%$430.30 → $421.50$425.90$248.48
2024 Q3减持−<11<0.1%$446.95 → $430.30$438.63$248.48
2024 Q2减持−<11<0.1%$420.72 → $446.95$433.84$248.48
2024 Q1增持+<11<0.1%$376.04 → $420.72$398.38$248.48
2023 Q4增持+<11<0.1%$315.75 → $376.04$345.89$244.34
2023 Q3减持−<1<1<0.1%$340.54 → $315.75$328.15$97.35
2023 Q2增持+<1<1<0.1%$288.30 → $340.54$314.42$97.35
2023 Q1减持−<1<1<0.1%$239.82 → $288.30$264.06$86.75
2022 Q4减持−<1<1<0.1%$232.90 → $239.82$236.36$86.75
2022 Q3减持−<1<1<0.1%$256.83 → $232.90$244.86$86.75
2022 Q2减持−<1<1<0.1%$308.31 → $256.83$282.57$86.75
2022 Q1增持+<1<1<0.1%$336.32 → $308.31$322.32$86.75
2021 Q4减持−<1<1<0.1%$281.92 → $336.32$309.12$69.33
2021 Q3增持+<1<1<0.1%$270.90 → $281.92$276.41$69.33
2021 Q2增持+<1<1<0.1%$235.77 → $270.90$253.33$66.23
2021 Q1减持−<1<1<0.1%$222.42 → $235.77$229.10$64.92
2020 Q4增持+<1<1<0.1%$210.33 → $222.42$216.37$64.92
2020 Q2减持−<1<1<0.1%$157.71 → $203.51$180.61$56.92
2020 Q1减持−<1<1<0.1%$157.70 → $157.71$157.70$56.92
2019 Q4减持−<1<1<0.1%$139.03 → $157.70$148.37$56.92
2018 Q3减持−<1<1<0.1%$98.61 → $114.37$106.49$56.92
2018 Q2减持−<1<1<0.1%$91.27 → $98.61$94.94$56.92
2018 Q1增持+<1<1<0.1%$85.54 → $91.27$88.40$56.92
2017 Q4减持−4<1<0.1%$74.49 → $85.54$80.01$54.41
2017 Q1减持−<15<0.1%$62.14 → $65.86$64.00$54.41
2016 Q3增持+<15<0.1%$51.17 → $57.60$54.38$54.41
2016 Q2增持+<15<0.1%$55.23 → $51.17$53.20$54.41
2015 Q3减持−<15<0.1%$44.15 → $44.26$44.21$54.43
2015 Q1减持−15<0.1%$46.45 → $40.65$43.55$54.43
2014 Q4减持−<16<0.1%$46.36 → $46.45$46.41$54.43
2014 Q3减持−<16<0.1%$41.70 → $46.36$44.03$54.43
2014 Q1减持−<16<0.1%$37.41 → $40.99$39.20$54.43
2013 Q4减持−<16<0.1%$33.28 → $37.41$35.35$54.43
2013 Q3减持−<16<0.1%$34.54 → $33.28$33.91$54.43
2013 Q2减持−<16<0.1%$28.61 → $34.54$31.57$54.43
2011 Q3减持−1130.1%$26.00 → $24.89$25.44$54.43
2011 Q2减持−3130.1%$25.39 → $26.00$25.69$54.43
2011 Q1减持−3160.1%$27.91 → $25.39$26.65$54.43
2010 Q4减持−1190.2%$24.49 → $27.91$26.20$54.43
2010 Q3减持−<1210.2%$23.01 → $24.49$23.75$54.43
2010 Q2减持−<1210.2%$29.29 → $23.01$26.15$54.43
2010 Q1增持+10210.3%$30.48 → $29.29$29.88$54.43
2009 Q3减持−<1110.2%$23.77 → $25.80$24.78$75.43
2009 Q2减持−<1110.2%$18.37 → $23.77$21.07$75.43
2009 Q1减持−1110.1%$19.44 → $18.37$18.91$75.43
2008 Q3减持−1120.1%$27.51 → $26.69$27.10$75.43
Ruane, Cunniff & Goldfarb（红杉基金） <0.1%·2023 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$3004005006002023 Q22023 Q42024 Q22024 Q42025 Q22025 Q42026 Q2持股历程$3004005006002023 Q22024 Q22025 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不变—<1<0.1%$370.17 → $373.02—$328.37
2026 Q1增持+<1<1<0.1%$483.62 → $370.17$426.90$328.37
2025 Q2增持+<1<1<0.1%$375.39 → $497.41$436.40$321.50
2024 Q1减持−<1<1<0.1%$376.04 → $420.72$398.38$314.42
2023 Q2新建仓+<1<1<0.1%$288.30 → $340.54$314.42$314.42
Sarah Ketterer <0.1%·2024 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$3504004505005502024 Q12024 Q22024 Q32024 Q42025 Q12025 Q22025 Q32025 Q42026 Q12026 Q2持股历程$3504004505005502024 Q12024 Q42025 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−<1<1<0.1%$370.17 → $373.02$371.60$401.03
2026 Q1减持−<1<1<0.1%$483.62 → $370.17$426.90$401.03
2025 Q4增持+<1<1<0.1%$517.95 → $483.62$500.79$401.03
2024 Q2减持−<1<1<0.1%$420.72 → $446.95$433.84$398.38
2024 Q1新建仓+<1<1<0.1%$376.04 → $420.72$398.38$398.38

最近 8 季清仓的巨人