主动管理平台Active-management platform · platform
Fidelity / FMR
富达 / FMR
研究可用度中Medium research usability
13F-RS 研究可用度13F-RS research usability
65.8
覆盖coverage 70% · 置信confidence B
结论先行Answer first
前五大占23.7%，最值得继续核验的动作是新建SPACE EXPLORATION TECHN CORPTop five represent 23.7%; new position in SPACE EXPLORATION TECHN CORP is the clearest next diligence lead
最大可见非期权证券持仓为NVIDIA CORPORATION（8.9%）；季度快照换手代理为9.3%，前十大延续率为93.4%。该机构归入“主动管理平台”，13F只能解释公开的美国可报告证券多头。
The largest visible non-option security is NVIDIA CORPORATION (8.9%). The quarterly snapshot turnover proxy is 9.3%, and top-ten persistence is 93.4%. The manager is classified as Active management platform; 13F covers only visible reportable U.S. long securities.
按上季可见权重 × 股数降幅排序；完整非期权证券变化见下方。Ranked by prior visible weight × share decline; the full non-option security changes appear below.
下一步Next diligence
把新建SPACE EXPLORATION TECHN CORP作为研究线索，结合公司基本面、估值、催化剂及13D/G核验；不要直接跟单。
Treat the new position in SPACE EXPLORATION TECHN CORP as a research lead and verify fundamentals, valuation, catalysts and any 13D/G filings; do not copy mechanically.
CUSIP bridge · terminal event
公司行动换算与事件退出Corporate-action adjustments and event exits
下列旧证券没有被机械写成“清仓”。股票事件按权威比例恢复可比基线；现金/CVR并购没有 13F 继承证券，直接从卖出分类剔除。
These obsolete securities are not mechanically labeled as exits. Stock events use primary-source ratios to restore comparable baselines; cash/CVR mergers have no 13F successor and are excluded from sale classification.
| 生效日Effective | 上季证券Prior security | 可比证券 / 事件处置Comparable security / event treatment | 证据Evidence |
|---|---|---|---|
| 2026-04-07 | HOLOGIC INCCUSIP 436440101 · 604,606 股shares | 现金/CVR 已结算；无 13F 继承证券。本项列入公司事件，不推断为主动卖出。Cash/CVR settled with no 13F successor security. This is recorded as a corporate event, not inferred as an active sale. | 核验来源Verification sourceBlackstone 与 TPG 完成收购；每股 76 美元现金加一份最高 3 美元的 CVR，证券注销，不推断为管理人主动卖出Blackstone and TPG completed the acquisition for $76 cash plus one CVR worth up to $3 per share; the security was cancelled, so no manager-initiated sale is inferred |
| 2026-04-08 | AIR LEASE CORPCUSIP 00912X302 · 102,096 股shares | 现金/CVR 已结算；无 13F 继承证券。本项列入公司事件，不推断为主动卖出。Cash/CVR settled with no 13F successor security. This is recorded as a corporate event, not inferred as an active sale. | 核验来源Verification sourceSumisho Air Lease 完成私有化；每股 65 美元现金，A 类普通股注销，不推断为管理人主动卖出Sumisho Air Lease completed the take-private for $65 cash per share; the Class A common stock was cancelled, so no manager-initiated sale is inferred |
| 2026-04-09 | SEALED AIR CORP NEWCUSIP 81211K100 · 427,905 股shares | 现金/CVR 已结算；无 13F 继承证券。本项列入公司事件，不推断为主动卖出。Cash/CVR settled with no 13F successor security. This is recorded as a corporate event, not inferred as an active sale. | 核验来源Verification sourceCD&R 完成收购；每股 42.15 美元现金，证券注销，不推断为管理人主动卖出CD&R completed the acquisition for $42.15 cash per share; the security was cancelled, so no manager-initiated sale is inferred |
| 2026-04-27 | AMICUS THERAPEUTICSCUSIP 03152W109 · 1,753,843 股shares | 现金/CVR 已结算；无 13F 继承证券。本项列入公司事件，不推断为主动卖出。Cash/CVR settled with no 13F successor security. This is recorded as a corporate event, not inferred as an active sale. | 核验来源Verification sourceBioMarin 完成收购；每股 14.50 美元现金，证券注销，不推断为管理人主动卖出BioMarin completed the acquisition for $14.50 cash per share; the security was cancelled, so no manager-initiated sale is inferred |
| 2026-04-28 | ARCELLX INCCUSIP 03940C100 · 119,378 股shares | 现金/CVR 已结算；无 13F 继承证券。本项列入公司事件，不推断为主动卖出。Cash/CVR settled with no 13F successor security. This is recorded as a corporate event, not inferred as an active sale. | 核验来源Verification sourceGilead 完成收购；每股 115 美元现金加一份 5 美元 CVR，证券注销，不推断为管理人主动卖出Gilead completed the acquisition for $115 cash plus one $5 CVR per share; the security was cancelled, so no manager-initiated sale is inferred |
| 2026-05-05 | TERNS PHARMACEUTICALS INCCUSIP 880881107 · 295,622 股shares | 现金/CVR 已结算；无 13F 继承证券。本项列入公司事件，不推断为主动卖出。Cash/CVR settled with no 13F successor security. This is recorded as a corporate event, not inferred as an active sale. | 核验来源Verification sourceMerck 完成要约收购及合并；每股 53 美元现金，证券注销，不推断为管理人主动卖出Merck completed the tender offer and merger for $53 cash per share; the security was cancelled, so no manager-initiated sale is inferred |
| 2026-05-07 | COTERRA ENERGY INCCUSIP 127097103 · 666,381 股shares | DEVON ENERGY CORP NEWCUSIP 25179M103换股所得 466,467 股 + 原有继承证券 3,514,449 股 = 可比基准 3,980,916 股；本季申报 3,208,910 股Converted 466,467 shares + 3,514,449 pre-existing successor shares = 3,980,916 comparable baseline shares; current filing 3,208,910 shares | 核验来源Verification sourceCoterra 与 Devon 完成全股票合并；每股 Coterra 换 0.70 股 Devon，先并入原有 Devon 基线再比较Coterra and Devon completed an all-stock merger; each Coterra share converted into 0.70 Devon shares, which are added to any existing Devon baseline before comparison |
| 2026-05-14 | TRI POINTE HOMES INCCUSIP 87265H109 · 407,397 股shares | 现金/CVR 已结算；无 13F 继承证券。本项列入公司事件，不推断为主动卖出。Cash/CVR settled with no 13F successor security. This is recorded as a corporate event, not inferred as an active sale. | 核验来源Verification sourceSumitomo Forestry 完成收购；每股 47 美元现金，证券注销，不推断为管理人主动卖出Sumitomo Forestry completed the acquisition for $47 cash per share; the security was cancelled, so no manager-initiated sale is inferred |
| 2026-05-14 | APELLIS PHARMACEUTICALS INCCUSIP 03753U106 · 5,563 股shares | 现金/CVR 已结算；无 13F 继承证券。本项列入公司事件，不推断为主动卖出。Cash/CVR settled with no 13F successor security. This is recorded as a corporate event, not inferred as an active sale. | 核验来源Verification sourceBiogen 完成收购；每股 41 美元现金加一份最高 4 美元的 CVR，证券注销，不推断为管理人主动卖出Biogen completed the acquisition for $41 cash plus one CVR worth up to $4 per share; the security was cancelled, so no manager-initiated sale is inferred |
| 2026-05-18 | SOLENO THERAPEUTICS INCCUSIP 834203309 · 5,788,410 股shares | 现金/CVR 已结算；无 13F 继承证券。本项列入公司事件，不推断为主动卖出。Cash/CVR settled with no 13F successor security. This is recorded as a corporate event, not inferred as an active sale. | 核验来源Verification sourceNeurocrine 完成收购；每股 53 美元现金，证券注销，不推断为管理人主动卖出Neurocrine completed the acquisition for $53 cash per share; the security was cancelled, so no manager-initiated sale is inferred |
| 2026-06-10 | MASIMO CORPCUSIP 574795100 · 1,450,823 股shares | 现金/CVR 已结算；无 13F 继承证券。本项列入公司事件，不推断为主动卖出。Cash/CVR settled with no 13F successor security. This is recorded as a corporate event, not inferred as an active sale. | 核验来源Verification sourceDanaher 完成收购；每股 180 美元现金，证券注销，不推断为管理人主动卖出Danaher completed the acquisition for $180 cash per share; the security was cancelled, so no manager-initiated sale is inferred |
| 2026-06-24 | CENTESSA PHARMACEUTICALS PLCCUSIP 152309100 · 6,852,047 股shares | 现金/CVR 已结算；无 13F 继承证券。本项列入公司事件，不推断为主动卖出。Cash/CVR settled with no 13F successor security. This is recorded as a corporate event, not inferred as an active sale. | 核验来源Verification sourceLilly 完成收购；每股 38 美元现金加一份最高 9 美元的 CVR，ADS 注销，不推断为管理人主动卖出Lilly completed the acquisition for $38 cash plus one CVR worth up to $9 per share; the ADS was cancelled, so no manager-initiated sale is inferred |
| 2026-06-25 | CLEARWATER ANALYTICS HLDGS ICUSIP 185123106 · 739,874 股shares | 现金/CVR 已结算；无 13F 继承证券。本项列入公司事件，不推断为主动卖出。Cash/CVR settled with no 13F successor security. This is recorded as a corporate event, not inferred as an active sale. | 核验来源Verification sourcePermira 与 Warburg Pincus 牵头的投资者集团完成私有化；每股 24.55 美元现金，证券注销，不推断为管理人主动卖出A Permira- and Warburg Pincus-led investor group completed the take-private for $24.55 cash per share; the security was cancelled, so no manager-initiated sale is inferred |
| 2026-04-20 | ASCENDIS PHARMA A/SCUSIP 04351P101 · 3,876,601 股shares | ASCENDIS PHARMA A/SCUSIP K08588103权威比例基准 3,876,601 股；本季申报 3,545,575 股Primary-ratio baseline 3,876,601 shares; current filing 3,545,575 shares | 核验来源Verification sourceADS 按 1:1 强制转换为普通股并更换 CUSIPMandatory 1:1 ADS-to-ordinary-share exchange and CUSIP change |
| 2026-05-04 | THOMSON REUTERS CORPCUSIP 884903808 · 2,897,360 股shares | THOMSON REUTERS CORPCUSIP 884903881权威比例基准 2,852,625 股；本季申报 4,093,736 股Primary-ratio baseline 2,852,625 shares; current filing 4,093,736 shares | 核验来源Verification source资本返还后按 0.984560:1 合股并更换 CUSIP0.984560-for-1 share consolidation after a return of capital, with a CUSIP change |
| 2026-05-07 | CARNIVAL CORPCUSIP 143658300 · 22,530,148 股shares | CARNIVAL CORP LTDCUSIP G2004J103权威比例基准 22,530,148 股；本季申报 35,769,442 股Primary-ratio baseline 22,530,148 shares; current filing 35,769,442 shares | 核验来源Verification source公司结构简化及迁册，旧股按 1:1 对应新 CUSIPCorporate simplification and redomiciliation, with old shares mapped 1:1 to the new CUSIP |
| 2026-06-24 | DUPONT DE NEMOURS INCCUSIP 26614N102 · 2,727,320 股shares | DUPONT DE NEMOURS INCCUSIP 26614N201权威比例基准 909,107 股；本季申报 851,583 股Primary-ratio baseline 909,107 shares; current filing 851,583 shares | 核验来源Verification source1:3 反向拆股并更换 CUSIP1-for-3 reverse stock split and CUSIP change |
| 2026-06-29 | HONEYWELL INTL INCCUSIP 438516106 · 2,514,837 股shares | HONEYWELL AEROSPACE INCCUSIP 43849R105权威比例基准 1,257,418 股；本季申报 1,111,705 股Primary-ratio baseline 1,257,418 shares; current filing 1,111,705 shares HONEYWELL INTL INCCUSIP 438516205权威比例基准 1,257,418 股；本季申报 1,111,670 股Primary-ratio baseline 1,257,418 shares; current filing 1,111,670 shares | 核验来源Verification source航天业务分拆，同时原公司 1:2 反向拆股并更换 CUSIPAerospace spin-off plus a 1-for-2 reverse split and CUSIP change for the remaining company |
| 2026-06-30 | MARQETA INCCUSIP 57142B104 · 93,429 股shares | MARQETA INCCUSIP 57142B203权威比例基准 23,357 股；本季申报 0 股Primary-ratio baseline 23,357 shares; current filing 0 shares | 核验来源Verification source1:4 反向拆股在季末收盘生效；部分13F用新CUSIP但仍报拆股前数量，本季只桥接身份、不推断交易A 1-for-4 reverse split took effect at the quarter-end close; some 13Fs use the new CUSIP with pre-split quantities, so this quarter bridges identity without inferring trading |
CIK · accession · accepted date
本季申报链Current filing chain
先展示 13F-NT 关系通知，再展示解析到的 13F-HR / HR-A。价值单位说明保留检测结果和归一化倍数。
Relationship notices appear before resolved 13F-HR / HR-A filings. Unit notes preserve the detection result and normalization multiplier.
| 法律申报人Legal filer | CIK | Form | Accession | 申报日Filed | 解析 / 单位说明Resolution / unit note |
|---|---|---|---|---|---|
| FMR LLC | CIK 0000315066 | 13F-HR | 0000315066-26-002260 | 2026-08-13 | usd_consistent_with_implied_prices |
2026-03-31 → 2026-06-30
持仓与季度变化Holdings and quarterly change
前十大可见非期权证券Top visible non-option holdings 10
| 证券Security | Put / Call | 申报价值Filed value | 权重Weight | 股数 / 标的股数Shares / underlying shares | 股数变化Share change |
|---|---|---|---|---|---|
| NVIDIA CORPORATIONCOM · CUSIP 67066G104 | — | $205.30bn | 8.91% | 1,026,051,548 | 3.2% |
| APPLE INCCOM · CUSIP 037833100 | — | $94.14bn | 4.09% | 325,348,754 | 5.8% |
| ALPHABET INCCAP STK CL A · CUSIP 02079K305 | — | $89.60bn | 3.89% | 250,714,005 | 6.0% |
| AMAZON COM INCCOM · CUSIP 023135106 | — | $87.15bn | 3.78% | 365,660,364 | 1.9% |
| MICROSOFT CORPCOM · CUSIP 594918104 | — | $69.37bn | 3.01% | 185,960,066 | -2.2% |
| BROADCOM INCCOM · CUSIP 11135F101 | — | $54.53bn | 2.37% | 144,359,173 | 16.3% |
| META PLATFORMS INCCL A · CUSIP 30303M102 | — | $54.02bn | 2.35% | 95,895,744 | -17.8% |
| SPACE EXPLORATION TECHN CORPCLASS A COM STK · CUSIP 84615Q103 | — | $51.66bn | 2.24% | 302,555,831 | — |
| ALPHABET INCCAP STK CL C · CUSIP 02079K107 | — | $43.09bn | 1.87% | 121,958,993 | 12.3% |
| ELI LILLY & COCOM · CUSIP 532457108 | — | $34.14bn | 1.48% | 28,462,475 | 8.1% |
新建仓位New positions 10
| 证券Security | Put / Call | 申报价值Filed value | 权重Weight | 股数 / 标的股数Shares / underlying shares | 股数变化Share change |
|---|---|---|---|---|---|
| SPACE EXPLORATION TECHN CORPCLASS A COM STK · CUSIP 84615Q103 | — | $51.66bn | 2.24% | 302,555,831 | — |
| CEREBRAS SYSTEMS INCCOM CL A · CUSIP 15675D103 | — | $1.86bn | 0.08% | 8,435,095 | — |
| MADISON AIR SOLUTIONS CORPCOM SHS CL A · CUSIP 55658T105 | — | $549.3m | 0.02% | 14,084,999 | — |
| PARABILIS MEDICINES INCCOM · CUSIP 698955101 | — | $281.7m | 0.01% | 10,292,735 | — |
| ALPHABET INCDEP SHS RP1/20 A · CUSIP 02079K404 | — | $238.7m | 0.01% | 4,754,274 | — |
| ALPHABET INCDEP SHS RP1/20 B · CUSIP 02079K602 | — | $238.4m | 0.01% | 4,754,051 | — |
| KARDIGAN INCCOM · CUSIP 485925101 | — | $212.5m | 0.01% | 8,909,066 | — |
| FEDEX FGHT HLDG CO INCCOMMON STOCK · CUSIP 314352105 | — | $200.9m | 0.01% | 1,330,220 | — |
| AVALYN PHARMACEUTICALS INCCOM SHS · CUSIP 05348Y105 | — | $192.1m | 0.01% | 5,835,259 | — |
| SUNCRETE INCCOM SHS CL A · CUSIP 86723E104 | — | $160.4m | 0.01% | 7,118,256 | — |
增持仓位Added positions 10
| 证券Security | Put / Call | 申报价值Filed value | 权重Weight | 股数 / 标的股数Shares / underlying shares | 股数变化Share change |
|---|---|---|---|---|---|
| ADVANCED MICRO DEVICES INCCOM · CUSIP 007903107 | — | $14.85bn | 0.64% | 25,558,552 | 67.2% |
| INTEL CORPCOM · CUSIP 458140100 | — | $13.19bn | 0.57% | 94,431,754 | 64.2% |
| BROADCOM INCCOM · CUSIP 11135F101 | — | $54.53bn | 2.37% | 144,359,173 | 16.3% |
| UNITEDHEALTH GROUP INCCOM · CUSIP 91324P102 | — | $11.63bn | 0.51% | 27,992,995 | 132.9% |
| ALPHABET INCCAP STK CL A · CUSIP 02079K305 | — | $89.60bn | 3.89% | 250,714,005 | 6.0% |
| ASML HLDG NVN Y REGISTRY SHS · CUSIP N07059210 | — | $10.90bn | 0.47% | 5,478,341 | 74.0% |
| ALPHABET INCCAP STK CL C · CUSIP 02079K107 | — | $43.09bn | 1.87% | 121,958,993 | 12.3% |
| PALO ALTO NETWORKS INCCOM · CUSIP 697435105 | — | $6.84bn | 0.30% | 20,054,462 | 147.4% |
| KLA CORPCOM NEW · CUSIP 482480100 | — | $12.98bn | 0.56% | 43,007,912 | 877.1% |
| NVIDIA CORPORATIONCOM · CUSIP 67066G104 | — | $205.30bn | 8.91% | 1,026,051,548 | 3.2% |
减持仓位Reduced positions 10
用公司行动调整后的股数判断，按上季可见权重 × 股数降幅排序；报告权重变化不是交易量。Classified from corporate-action-adjusted shares and ranked by prior visible weight × share decline; reported weight change is not trading volume.
| 证券Security | Put / Call | 申报价值Filed value | 权重Weight | 股数 / 标的股数Shares / underlying shares | 股数变化Share change |
|---|---|---|---|---|---|
| META PLATFORMS INCCL A · CUSIP 30303M102 | — | $54.02bn | 2.35% | 95,895,744 | -17.8% |
| MARVELL TECHNOLOGY INCCOM · CUSIP 573874104 | — | $16.96bn | 0.74% | 56,933,063 | -56.6% |
| NETFLIX INC.COM · CUSIP 64110L106 | — | $9.71bn | 0.42% | 135,937,268 | -33.6% |
| SANDISK CORPCOM · CUSIP 80004C200 | — | $17.88bn | 0.78% | 7,861,665 | -41.3% |
| COHERENT CORPCOM · CUSIP 19247G107 | — | $4.34bn | 0.19% | 11,012,710 | -51.4% |
| LUMENTUM HLDGS INCCOM · CUSIP 55024U109 | — | $3.02bn | 0.13% | 3,519,154 | -51.0% |
| BERKSHIRE HATHAWAY INC DELCL B NEW · CUSIP 084670702 | — | $5.20bn | 0.23% | 10,400,007 | -30.4% |
| GE VERNOVA INCCOM · CUSIP 36828A101 | — | $18.97bn | 0.82% | 16,150,499 | -11.9% |
| MICRON TECHNOLOGY INCCOM · CUSIP 595112103 | — | $30.84bn | 1.34% | 26,718,869 | -16.6% |
| BOSTON SCIENTIFIC CORPCOM · CUSIP 101137107 | — | $1.95bn | 0.09% | 45,702,845 | -38.4% |
退出候选Apparent exits 10
仅表示排除已知公司事件后，本期未见同一可比证券；到期、退市及未知事件仍须核验。Only means the comparable security is absent after known event checks; maturities, delistings and unknown events still require review.
| 证券Security | Put / Call | 申报价值Filed value | 权重Weight | 股数 / 标的股数Shares / underlying shares | 股数变化Share change |
|---|---|---|---|---|---|
| THERMON GROUP HLDGS INCCOM · CUSIP 88362T103 | — | $149.7m | 0.01% | 2,970,723 | -100.0% |
| LUMENTUM HLDGS INCNOTE 1.500%12/1 · CUSIP 55024UAH2 | — | $63.4m | 0.00% | 6,264,000 | -100.0% |
| ALLIANCEBERNSTEIN HLDG L PUNIT LTD PARTN · CUSIP 01881G106 | — | $40.4m | 0.00% | 1,078,857 | -100.0% |
| COINBASE GLOBAL INCNOTE 0.500% 6/0 · CUSIP 19260QAB3 | — | $37.7m | 0.00% | 37,970,000 | -100.0% |
| LUMENTUM HLDGS INCNOTE 0.500%12/1 · CUSIP 55024UAD1 | — | $36.7m | 0.00% | 5,189,000 | -100.0% |
| ADVANCED ENERGY INDSNOTE 2.500% 9/1 · CUSIP 007973AE0 | — | $31.0m | 0.00% | 12,893,000 | -100.0% |
| VENTAS RLTY LTD PARTNERSHIPNOTE 3.750% 6/0 · CUSIP 92277GAZ0 | — | $22.0m | 0.00% | 14,783,000 | -100.0% |
| CSG SYS INTL INCCOM · CUSIP 126349109 | — | $17.9m | 0.00% | 223,626 | -100.0% |
| WESTERN COPPER & GOLD CORPCOM · CUSIP 95805V108 | — | $17.3m | 0.00% | 6,820,533 | -100.0% |
| FIDELITY GREENWOOD STREET TRYIELD ENHANCED E · CUSIP 31624J729 | — | $15.2m | 0.00% | 560,037 | -100.0% |
期权切片Options slice 1
Put/Call 股数是标的股数；13F 没有执行价、到期日、权利金或净方向。Put/call shares are underlying shares; 13F omits strike, expiry, premium and net direction.
| 证券Security | Put / Call | 申报价值Filed value | 权重Weight | 股数 / 标的股数Shares / underlying shares | 股数变化Share change |
|---|---|---|---|---|---|
| WARNER BROS DISCOVERY INCCOM SER A · CUSIP 934423104 | PUT | $26.7m | 0.00% | 1,000,000 | 0.0% |
13F-RS-v1.0
评分拆解Score breakdown
| 维度Dimension | 得分Score | 相对满分Relative to max | 比例Ratio |
|---|---|---|---|
| 申报完整性Filing integrity | 15.0 / 15 | 100% | |
| 实体映射Entity mapping | 10.0 / 10 | 100% | |
| 策略适配度Strategy fit | 6.8 / 15 | 45% | |
| 集中度信息密度Concentration signal | 6.0 / 10 | 60% | |
| 高确信度可识别性Conviction identifiability | 4.9 / 15 | 33% | |
| 延续性 / 换手Persistence / turnover | 9.2 / 10 | 92% | |
| 申报时滞Filing lag | 0.3 / 10 | 3% | |
| 不可见风险Opacity risk | 9.0 / 10 | 90% | |
| 独立共识Independent consensus | 4.6 / 5 | 92% |
策略分类：主动管理平台。分数衡量公开13F的研究可用度，不评价未来收益。Strategy classification: Active-management platform. The score measures public-13F research usability, not future returns.
H（高确信度可识别性）当前以单仓≥2%为有限代理，尚未接入风格基准主动权重，因此该分项覆盖度只有50%。H (conviction identifiability) currently uses positions ≥2% as a limited proxy; style-benchmark active weights are not yet available, so this component has only 50% coverage.