高毅清仓，高瓴加仓！他们的判断为何截然相反？

上海证券报2021-05-19

近日，高毅资产披露了其最新美股持仓情况。数据显示，截至今年一季度末，高毅资产在美股市场持有21家公司的股票，总市值为4.1亿美元，相较于去年底小幅下降。其中，京东、拼多多、网易等中概股依旧是高毅资产的重要布局。从调仓方向来看，高毅资产一季度清仓了阿里巴巴，值得注意的是，刚刚公布美股持仓不久的高瓴一季度却小幅加仓了阿里巴巴，为何资管大佬对美国市场的科技中概股分歧如此之大？阿里巴巴、拼多多等明星...

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精彩评论

摇滚流行
2021-05-20
摇滚流行
4股是什么鬼
万象入星辰
2021-05-19
万象入星辰
小白兔我受伤了快来救我！
蒙面锦织圭
2021-05-19
蒙面锦织圭
互道SB系列
Marksg
2021-05-19
Marksg
割韭菜
伊依xin
2021-05-19
伊依xin
重要布局。。。又憋着坏主意呢吧。
华尔街小孩子
2021-05-19
华尔街小孩子
一出一进，都商量好了。

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偏爱中概股\n美国证监会最新披露的数据显示，截至今年3月底，高毅资产旗下共计持仓21家美股上市公司，持股市值合计为4.1亿美元。\n\n从高毅资产的美股持仓可以看出，其标的非常集中，前五大重仓股为拼多多、微博、网易、哔哩哔哩和好未来，前五大重仓股合计市值为3.14亿美元，占整个高毅美股持仓的比例为76.3%。\n不仅是前五大重仓股全部为中概股，在高毅资产美股持仓的前十大重仓股中，中概股也是主角。数据显示，截至一季度末，高毅资产前十大重仓股中的中概股数量为9只。\n清仓阿里巴巴\n从调仓动作看，高毅资产一季度大手笔减持了微博、拼多多等科技股，其中比较引人注意的是，其一季度清仓了阿里巴巴。\n数据显示，截至今年一季度末，高毅资产持有拼多多97.1万股，相比于去年底的105.78万股小幅下降，持有微博111.9万股，相比于去年底的131.8万股减持近20万股，一季度还减持了哔哩哔哩1.25万股。另外，高毅资产去年底还持有阿里巴巴1.97万股，截至今年一季度末，阿里巴巴已经在高毅资产的美股持仓中消失。\n值得注意的是，高毅资产对于阿里巴巴的操作与前不久公布美股持仓的高瓴截然相反。\n公开资料显示，高瓴去年四季度清仓了阿里巴巴，但在今年一季度却小幅加仓该股票。\n从股价走势来看，阿里巴巴由于负面消息频出，去年四季度以来一直处于震荡调整状态。Choice数据显示，去年11月、12月阿里巴巴股价跌幅分别为13.56%和11.63%，截至5月17日，今年以来的跌幅更是超过9%。\n\n“高毅资产和高瓴的美股持仓体量本就不一样，持有阿里巴巴的时间也不尽相同，因此操作相反情有可原。阿里巴巴虽然估值有所消化，一季度业绩也不错，但美债收益率的快速提升，传统电商行业格局和政策层面的不确定性提升，都是资金犹豫的重要原因，因此机构投资者的分歧也越来越明显。”沪上一位私募人士直言。\n美股科技板块存分歧\n从近期密集披露的高瓴、高毅资产、景林资产等私募巨头的美股持仓情况来看，不仅是阿里巴巴，其对多只科技股的操作分歧较为明显。\n比如，景林资产和高毅资产一季度选择减仓拼多多，阶段性回避高估值回调风险，高瓴却无惧波动，一季度末持有拼多多的数量相比于去年底无变化，高瓴今年一季度减持了京东，而高毅资产则新进买入该股票。\n北京一位私募基金经理直言：“目前市场对于拼多多的顾虑有两方面，一是在流动性收紧的过程中股票存在估值回调风险，二是拼多多的盈利模式能否持续还需要继续观察，而阿里巴巴虽然经过下跌，但也需要警惕政策面的扰动因素，所以市场尚未达成一致预期，不过必须承认的是，一般市场对某只标的存在分歧的时候，也大概率是投资的好时机，可以重点关注。”","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":197583632,"gmtCreate":1621473537926,"gmtModify":1621473537926,"author":{"id":"5692179754380","authorId":"5692179754380","name":"摇滚流行","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"5692179754380","authorIdStr":"5692179754380"},"htmlText":"4股是什么鬼","listText":"4股是什么鬼","text":"4股是什么鬼","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/197583632","repostId":1125247628,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":197830682,"gmtCreate":1621438018946,"gmtModify":1621438018946,"author":{"id":"3562804247976669","authorId":"3562804247976669","name":"万象入星辰","avatar":"https://static.tigerbbs.com/4a460741757ff1652ffd3f30a2b50095","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3562804247976669","authorIdStr":"3562804247976669"},"htmlText":"小白兔我受伤了快来救我！","listText":"小白兔我受伤了快来救我！","text":"小白兔我受伤了快来救我！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/197830682","repostId":1125247628,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":197177239,"gmtCreate":1621436706421,"gmtModify":1621437794564,"author":{"id":"3489394331391737","authorId":"3489394331391737","name":"蒙面锦织圭","avatar":"https://static.tigerbbs.com/27f53d43aea5838071a3c361584dd637","vip":1,"hat":"https://static.tigerbbs.com/ae1f49570794979e009a5efdeb6f4789","crmLevel":3,"crmLevelSwitch":1,"idStr":"3489394331391737","authorIdStr":"3489394331391737"},"htmlText":"互道SB系列","listText":"互道SB系列","text":"互道SB系列","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/197177239","repostId":1125247628,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":197154171,"gmtCreate":1621435398193,"gmtModify":1634189160231,"author":{"id":"3576833083044318","authorId":"3576833083044318","name":"Marksg","avatar":"https://static.tigerbbs.com/53cce29f082afcb9bde5538b0f462797","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3576833083044318","authorIdStr":"3576833083044318"},"htmlText":"割韭菜","listText":"割韭菜","text":"割韭菜","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/197154171","repostId":1125247628,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":197125577,"gmtCreate":1621434725699,"gmtModify":1621434725699,"author":{"id":"3581648200834080","authorId":"3581648200834080","name":"伊依xin","avatar":"https://static.tigerbbs.com/01f49613ebe11ffa85a01fc4cdd943d4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581648200834080","authorIdStr":"3581648200834080"},"htmlText":"重要布局。。。又憋着坏主意呢吧。","listText":"重要布局。。。又憋着坏主意呢吧。","text":"重要布局。。。又憋着坏主意呢吧。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/197125577","repostId":1125247628,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":197126160,"gmtCreate":1621434634650,"gmtModify":1621435053728,"author":{"id":"3576802927727386","authorId":"3576802927727386","name":"华尔街小孩子","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"c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