综合金融平台Diversified financial platform · platform
Goldman Sachs
高盛
公开持仓Public holdings
13F-RS 研究可用度13F-RS research usability
50.3
覆盖coverage 70% · 置信confidence B
结论先行Answer first
前五大占14.6%，最值得继续核验的动作是增持MICRON TECHNOLOGY INCTop five represent 14.6%; increase in MICRON TECHNOLOGY INC is the clearest next diligence lead
最大可见非期权证券持仓为NVIDIA CORPORATION（3.3%）；季度快照换手代理为9.1%，前十大延续率为100.0%。该机构归入“银行/综合平台”，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 (3.3%). The quarterly snapshot turnover proxy is 9.1%, and top-ten persistence is 100.0%. The manager is classified as Diversified financial 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
把增持MICRON TECHNOLOGY INC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 increase in MICRON TECHNOLOGY INC 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 · 2,322,673 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 · 1,502,714 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 · 3,431,156 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 · 11,556,008 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 · 1,312,155 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 · 1,106,961 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 · 7,519,325 股shares | DEVON ENERGY CORP NEWCUSIP 25179M103换股所得 5,263,528 股 + 原有继承证券 5,288,454 股 = 可比基准 10,551,982 股；本季申报 10,925,640 股Converted 5,263,528 shares + 5,288,454 pre-existing successor shares = 10,551,982 comparable baseline shares; current filing 10,925,640 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 · 2,028,751 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 · 1,980,144 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 · 385,798 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 · 984,192 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 · 1,144,560 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 · 5,258,445 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 · 566,192 股shares | ASCENDIS PHARMA A/SCUSIP K08588103权威比例基准 566,192 股；本季申报 559,534 股Primary-ratio baseline 566,192 shares; current filing 559,534 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 · 3,161,321 股shares | THOMSON REUTERS CORPCUSIP 884903881权威比例基准 3,112,510 股；本季申报 2,511,682 股Primary-ratio baseline 3,112,510 shares; current filing 2,511,682 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 · 8,435,601 股shares | CARNIVAL CORP LTDCUSIP G2004J103权威比例基准 8,435,601 股；本季申报 9,728,007 股Primary-ratio baseline 8,435,601 shares; current filing 9,728,007 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 · 4,703,815 股shares | DUPONT DE NEMOURS INCCUSIP 26614N201权威比例基准 1,567,938 股；本季申报 2,051,782 股Primary-ratio baseline 1,567,938 shares; current filing 2,051,782 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 · 7,211,970 股shares | HONEYWELL AEROSPACE INCCUSIP 43849R105权威比例基准 3,605,985 股；本季申报 7,388,181 股Primary-ratio baseline 3,605,985 shares; current filing 7,388,181 shares HONEYWELL INTL INCCUSIP 438516205权威比例基准 3,605,985 股；本季申报 7,290,377 股Primary-ratio baseline 3,605,985 shares; current filing 7,290,377 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 · 2,943,514 股shares | MARQETA INCCUSIP 57142B203权威比例换算为 735,878 股；本季却申报 2,970,089 股，因口径冲突不计算变化Primary ratio implies 735,878 shares, while the current filing reports 2,970,089; no change is calculated because the conventions conflict季末报量口径冲突，本季只桥接身份、不分类买卖Quarter-end quantity convention conflict; identity bridged without trade classification | 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 |
|---|---|---|---|---|---|
| GOLDMAN SACHS GROUP INC | CIK 0000886982 | 13F-HR | 0000886982-26-000519 | 2026-08-14 | 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 CORPORATIONCMN · CUSIP 67066G104 | — | $38.45bn | 3.34% | 192,146,665 | 6.2% |
| APPLE INCCMN · CUSIP 037833100 | — | $32.33bn | 2.81% | 111,744,105 | 4.8% |
| MICROSOFT CORPCMN · CUSIP 594918104 | — | $23.85bn | 2.07% | 63,933,083 | 4.4% |
| STATE STR SPDR S&P 500 ETF TCMN · CUSIP 78462F103 | — | $23.54bn | 2.04% | 31,515,905 | -13.9% |
| ALPHABET INCCMN · CUSIP 02079K305 | — | $20.94bn | 1.82% | 58,584,981 | 1.3% |
| MICRON TECHNOLOGY INCCMN · CUSIP 595112103 | — | $20.88bn | 1.81% | 18,088,606 | 44.0% |
| AMAZON COM INCCMN · CUSIP 023135106 | — | $16.25bn | 1.41% | 68,161,583 | 0.7% |
| BROADCOM INCCMN · CUSIP 11135F101 | — | $14.80bn | 1.28% | 39,180,084 | 8.7% |
| TESLA INCCMN · CUSIP 88160R101 | — | $13.06bn | 1.13% | 31,060,669 | 5.7% |
| META PLATFORMS INCCMN · CUSIP 30303M102 | — | $11.80bn | 1.02% | 20,939,652 | 11.9% |
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 |
|---|---|---|---|---|---|
| ROUNDHILL ETF TRUSTCMN · CUSIP 77926X320 | — | $413.6m | 0.04% | 5,600,415 | — |
| SPACE EXPLORATION TECHN CORPCMN · CUSIP 84615Q103 | — | $244.0m | 0.02% | 1,427,816 | — |
| OCEANAGOLD CORPCMN · CUSIP 675222400 | — | $167.8m | 0.01% | 6,691,512 | — |
| FEDEX FGHT HLDG CO INCCMN · CUSIP 314352105 | — | $116.9m | 0.01% | 774,105 | — |
| JANUS DETROIT STR TRCMN · CUSIP 47103U738 | — | $85.6m | 0.01% | 1,591,842 | — |
| SUPER MICRO COMPUTER INCCMN · CUSIP 86800U500 | — | $79.8m | 0.01% | 1,534,947 | — |
| WISE GROUP PLCCMN · CUSIP G9723Y105 | — | $75.1m | 0.01% | 6,307,552 | — |
| VERSIGENT PLCCMN · CUSIP G9600F104 | — | $52.8m | 0.01% | 1,256,829 | — |
| ISHARES TRCMN · CUSIP 46429B291 | — | $49.1m | 0.00% | 1,032,285 | — |
| SEAPORT THERAPEUTICS INCCMN · CUSIP 81221K108 | — | $47.3m | 0.00% | 2,178,642 | — |
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 |
|---|---|---|---|---|---|
| MICRON TECHNOLOGY INCCMN · CUSIP 595112103 | — | $20.88bn | 1.81% | 18,088,606 | 44.0% |
| MICROSOFT CORPCMN · CUSIP 594918104 | — | $23.85bn | 2.07% | 63,933,083 | 4.4% |
| ADVANCED MICRO DEVICES INCCMN · CUSIP 007903107 | — | $8.57bn | 0.74% | 14,755,674 | 20.1% |
| TAIWAN SEMICONDUCTOR MANUFACCMN · CUSIP 874039100 | — | $7.70bn | 0.67% | 16,125,333 | 71.5% |
| APPLE INCCMN · CUSIP 037833100 | — | $32.33bn | 2.81% | 111,744,105 | 4.8% |
| NVIDIA CORPORATIONCMN · CUSIP 67066G104 | — | $38.45bn | 3.34% | 192,146,665 | 6.2% |
| MARVELL TECHNOLOGY INCCMN · CUSIP 573874104 | — | $4.38bn | 0.38% | 14,700,948 | 30.7% |
| APPLIED MATLS INCCMN · CUSIP 038222105 | — | $6.44bn | 0.56% | 8,904,389 | 13.3% |
| INTEL CORPCMN · CUSIP 458140100 | — | $3.90bn | 0.34% | 27,907,724 | 30.2% |
| EXXON MOBIL CORPCMN · CUSIP 30231G102 | — | $4.55bn | 0.40% | 33,275,942 | 3.9% |
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 |
|---|---|---|---|---|---|
| STATE STR SPDR S&P 500 ETF TCMN · CUSIP 78462F103 | — | $23.54bn | 2.04% | 31,515,905 | -13.9% |
| STATE STR SPDR DOW JONES INDCMN · CUSIP 78467X109 | — | $163.9m | 0.01% | 313,694 | -92.3% |
| ISHARES TRCMN · CUSIP 464287200 | — | $8.84bn | 0.77% | 11,800,876 | -12.7% |
| SELECT SECTOR SPDR TRCMN · CUSIP 81369Y506 | — | $986.2m | 0.09% | 18,568,423 | -44.5% |
| ISHARES TRCMN · CUSIP 464287242 | — | $817.4m | 0.07% | 7,493,872 | -52.0% |
| SPDR SERIES TRUSTCMN · CUSIP 78464A698 | — | $988.2m | 0.09% | 13,201,780 | -43.8% |
| PINTEREST INCCMN · CUSIP 72352L106 | — | $385.4m | 0.03% | 18,327,874 | -64.7% |
| NOVARTIS AGCMN · CUSIP 66987V109 | — | $467.1m | 0.04% | 2,980,168 | -54.3% |
| INTUITCMN · CUSIP 461202103 | — | $534.0m | 0.05% | 2,046,061 | -32.2% |
| SANDISK CORPCMN · CUSIP 80004C200 | — | $3.29bn | 0.29% | 1,448,361 | -29.1% |
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 |
|---|---|---|---|---|---|
| CARNIVAL PLCCMN · CUSIP 14365C103 | — | $154.4m | 0.02% | 5,991,126 | -100.0% |
| CSG SYS INTL INCCMN · CUSIP 126349109 | — | $67.0m | 0.01% | 838,419 | -100.0% |
| ONESTREAM INCCMN · CUSIP 68278B107 | — | $47.7m | 0.01% | 1,985,820 | -100.0% |
| THERMON GROUP HLDGS INCCMN · CUSIP 88362T103 | — | $24.5m | 0.00% | 486,880 | -100.0% |
| CANTALOUPE INCCMN · CUSIP 138103106 | — | $22.2m | 0.00% | 2,052,833 | -100.0% |
| FIDELITY COVINGTON TRUSTCMN · CUSIP 316092618 | — | $21.8m | 0.00% | 450,000 | -100.0% |
| SEMRUSH HLDGS INCCMN · CUSIP 81686C104 | — | $21.3m | 0.00% | 1,782,171 | -100.0% |
| DIMENSIONAL ETF TRUSTCMN · CUSIP 25434V880 | — | $21.2m | 0.00% | 625,195 | -100.0% |
| DAY ONE BIOPHARMACEUTICALS ICMN · CUSIP 23954D109 | — | $21.0m | 0.00% | 979,238 | -100.0% |
| ENHABIT INCCMN · CUSIP 29332G102 | — | $20.1m | 0.00% | 1,427,917 | -100.0% |
期权切片Options slice 10
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 |
|---|---|---|---|---|---|
| STATE STR SPDR S&P 500 ETF TCMN · CUSIP 78462F103 | PUT | $17.15bn | 1.49% | 22,964,500 | 156.4% |
| SANDISK CORPCMN · CUSIP 80004C200 | PUT | $12.58bn | 1.09% | 5,531,700 | 439.5% |
| MICRON TECHNOLOGY INCCMN · CUSIP 595112103 | PUT | $12.22bn | 1.06% | 10,588,900 | 1,128.4% |
| VANECK ETF TRUSTCMN · CUSIP 92189F676 | PUT | $11.47bn | 1.00% | 17,486,800 | 4,689.6% |
| TAIWAN SEMICONDUCTOR MANUFACCMN · CUSIP 874039100 | CALL | $8.81bn | 0.77% | 18,457,200 | 58.9% |
| INVESCO QQQ TRCMN · CUSIP 46090E103 | PUT | $8.56bn | 0.74% | 11,627,300 | 6.3% |
| TAIWAN SEMICONDUCTOR MANUFACCMN · CUSIP 874039100 | PUT | $7.27bn | 0.63% | 15,217,300 | 365.6% |
| NVIDIA CORPORATIONCMN · CUSIP 67066G104 | PUT | $6.18bn | 0.54% | 30,866,700 | 20.9% |
| NEBIUS GROUP N.V.CMN · CUSIP N97284108 | PUT | $4.85bn | 0.42% | 17,578,700 | 1,328.6% |
| INVESCO QQQ TRCMN · CUSIP 46090E103 | CALL | $4.26bn | 0.37% | 5,781,200 | 69.1% |
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 | 4.5 / 15 | 30% | |
| 集中度信息密度Concentration signal | 3.1 / 10 | 31% | |
| 高确信度可识别性Conviction identifiability | 1.5 / 15 | 10% | |
| 延续性 / 换手Persistence / turnover | 9.5 / 10 | 95% | |
| 申报时滞Filing lag | 0.0 / 10 | 0% | |
| 不可见风险Opacity risk | 6.7 / 10 | 67% | |
| 独立共识Independent consensus | 0.0 / 5 | 0% |
策略分类：综合金融平台。分数衡量公开13F的研究可用度，不评价未来收益。Strategy classification: Diversified financial 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.