量化多策略Quant multi-strategy · famous
Millennium Management
千禧管理
公开持仓Public holdings
13F-RS 研究可用度13F-RS research usability
48.7
覆盖coverage 75% · 置信confidence B
结论先行Answer first
前五大占14.5%，最值得继续核验的动作是增持STATE STR SPDR S&P 500 ETF TTop five represent 14.5%; increase in STATE STR SPDR S&P 500 ETF T is the clearest next diligence lead
最大可见非期权证券持仓为ISHARES TR（3.9%）；季度快照换手代理为35.8%，前十大延续率为89.3%。该机构归入“量化多策略”，13F只能解释公开的美国可报告证券多头。
The largest visible non-option security is ISHARES TR (3.9%). The quarterly snapshot turnover proxy is 35.8%, and top-ten persistence is 89.3%. The manager is classified as Quant/multi-strategy; 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STATE STR SPDR S&P 500 ETF T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 STATE STR SPDR S&P 500 ETF T 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 · 5,651,225 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 · 1,247,772 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 · 1,615,176 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 · 7,908,459 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 · 502,846 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 · 3,011,558 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 · 12,730,854 股shares | DEVON ENERGY CORP NEWCUSIP 25179M103换股所得 8,911,598 股 + 原有继承证券 994,102 股 = 可比基准 9,905,700 股；本季申报 8,477,202 股Converted 8,911,598 shares + 994,102 pre-existing successor shares = 9,905,700 comparable baseline shares; current filing 8,477,202 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 · 1,144,286 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 · 2,256,802 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 · 606,513 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 · 988,853 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 · 722,121 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 · 9,294,096 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 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 · 189,027 股shares | ASCENDIS PHARMA A/SCUSIP K08588103权威比例基准 189,027 股；本季申报 266,708 股Primary-ratio baseline 189,027 shares; current filing 266,708 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 · 42,827 股shares | THOMSON REUTERS CORPCUSIP 884903881权威比例基准 42,166 股；本季申报 0 股Primary-ratio baseline 42,166 shares; current filing 0 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 · 2,375,272 股shares | CARNIVAL CORP LTDCUSIP G2004J103权威比例基准 2,375,272 股；本季申报 5,451,184 股Primary-ratio baseline 2,375,272 shares; current filing 5,451,184 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 · 972,692 股shares | DUPONT DE NEMOURS INCCUSIP 26614N201权威比例基准 324,231 股；本季申报 2,112 股Primary-ratio baseline 324,231 shares; current filing 2,112 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 · 316,516 股shares | HONEYWELL AEROSPACE INCCUSIP 43849R105权威比例基准 158,258 股；本季申报 616,062 股Primary-ratio baseline 158,258 shares; current filing 616,062 shares HONEYWELL INTL INCCUSIP 438516205权威比例基准 158,258 股；本季申报 10,408 股Primary-ratio baseline 158,258 shares; current filing 10,408 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 · 133,279 股shares | MARQETA INCCUSIP 57142B203权威比例基准 33,320 股；本季申报 0 股Primary-ratio baseline 33,320 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 |
|---|---|---|---|---|---|
| MILLENNIUM MANAGEMENT LLC | CIK 0001273087 | 13F-HR | 0001273087-26-000007 | 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 |
|---|---|---|---|---|---|
| ISHARES TRCORE S&P500 ETF · CUSIP 464287200 | — | $10.86bn | 3.93% | 14,503,932 | 11.7% |
| STATE STR SPDR S&P 500 ETF TTR UNIT · CUSIP 78462F103 | — | $3.63bn | 1.31% | 4,857,109 | 679.7% |
| SPACE EXPLORATION TECHN CORPCLASS A COM STK · CUSIP 84615Q103 | — | $2.98bn | 1.08% | 17,604,863 | — |
| NVIDIA CORPORATIONCOM · CUSIP 67066G104 | — | $2.43bn | 0.88% | 12,157,614 | 14.8% |
| NORFOLK SOUTHN CORPCOM · CUSIP 655844108 | — | $1.64bn | 0.59% | 5,201,728 | 13.5% |
| MICROSOFT CORPCOM · CUSIP 594918104 | — | $1.58bn | 0.57% | 4,240,904 | 51.6% |
| WARNER BROS DISCOVERY INCCOM SER A · CUSIP 934423104 | — | $1.54bn | 0.56% | 57,657,575 | 31.2% |
| VANGUARD INDEX FDSS&P 500 ETF SHS · CUSIP 922908363 | — | $1.25bn | 0.45% | 1,825,001 | 79.5% |
| AMAZON COM INCCOM · CUSIP 023135106 | — | $981.2m | 0.35% | 4,116,745 | 46.7% |
| WESTERN DIGITAL CORPNOTE 3.000%11/1 · CUSIP 958102AT2 | — | $980.0m | 0.35% | 58,044,000 | -71.8% |
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 | — | $2.98bn | 1.08% | 17,604,863 | — |
| EXTRA SPACE STORAGE INCCOM · CUSIP 30225T102 | — | $205.6m | 0.07% | 1,415,100 | — |
| MONOLITHIC PWR SYS INCCOM · CUSIP 609839105 | — | $189.2m | 0.07% | 136,835 | — |
| SUPER MICRO COMPUTER INC7 DEP CM SR A WI · CUSIP 86800U500 | — | $166.9m | 0.06% | 3,252,332 | — |
| ON SEMICONDUCTOR CORPNOTE 5/0 · CUSIP 682189AS4 | — | $155.1m | 0.06% | 84,973,000 | — |
| VANECK ETF TRUSTSEMICONDUCTR ETF · CUSIP 92189F676 | — | $133.2m | 0.05% | 203,071 | — |
| NOVARTIS AGSPONSORED ADR · CUSIP 66987V109 | — | $118.8m | 0.04% | 758,029 | — |
| AKAMAI TECHNOLOGIES INCNOTE 0.250% 5/1 · CUSIP 00971TAQ4 | — | $106.4m | 0.04% | 72,775,000 | — |
| IONQ INCCOM · CUSIP 46222L108 | — | $104.4m | 0.04% | 1,959,358 | — |
| IREN LIMITEDNOTE 3.500%12/1 · CUSIP 46270CAD1 | — | $104.0m | 0.04% | 29,433,000 | — |
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 |
|---|---|---|---|---|---|
| STATE STR SPDR S&P 500 ETF TTR UNIT · CUSIP 78462F103 | — | $3.63bn | 1.31% | 4,857,109 | 679.7% |
| ISHARES TRCORE S&P500 ETF · CUSIP 464287200 | — | $10.86bn | 3.93% | 14,503,932 | 11.7% |
| BLOOM ENERGY CORPCOM CL A · CUSIP 093712107 | — | $763.5m | 0.28% | 2,522,461 | 551.5% |
| VANGUARD INDEX FDSS&P 500 ETF SHS · CUSIP 922908363 | — | $1.25bn | 0.45% | 1,825,001 | 79.5% |
| SEAGATE TECHNOLOGY HLDNGS PLORD SHS · CUSIP G7997R103 | — | $610.9m | 0.22% | 633,069 | 152.9% |
| CREDO TECHNOLOGY GROUP HOLDIORDINARY SHARES · CUSIP G25457105 | — | $543.3m | 0.20% | 1,997,808 | 178.6% |
| MICROSOFT CORPCOM · CUSIP 594918104 | — | $1.58bn | 0.57% | 4,240,904 | 51.6% |
| DANAHER CORP DELCOM · CUSIP 235851102 | — | $407.7m | 0.15% | 2,140,587 | 1,070.8% |
| NVIDIA CORPORATIONCOM · CUSIP 67066G104 | — | $2.43bn | 0.88% | 12,157,614 | 14.8% |
| AMAZON COM INCCOM · CUSIP 023135106 | — | $981.2m | 0.35% | 4,116,745 | 46.7% |
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 |
|---|---|---|---|---|---|
| WESTERN DIGITAL CORPNOTE 3.000%11/1 · CUSIP 958102AT2 | — | $980.0m | 0.35% | 58,044,000 | -71.8% |
| APPLE INCCOM · CUSIP 037833100 | — | $219.0m | 0.08% | 756,799 | -83.8% |
| MARVELL TECHNOLOGY INCCOM · CUSIP 573874104 | — | $100.1m | 0.04% | 335,928 | -94.5% |
| MORGAN STANLEYCOM NEW · CUSIP 617446448 | — | $110.6m | 0.04% | 529,314 | -86.8% |
| BANK OF AMER CORPCOM · CUSIP 060505104 | — | $157.0m | 0.06% | 2,755,267 | -80.7% |
| BROADCOM INCCOM · CUSIP 11135F101 | — | $139.5m | 0.05% | 369,305 | -82.8% |
| SANDISK CORPCOM · CUSIP 80004C200 | — | $832.5m | 0.30% | 366,129 | -68.0% |
| ALPHABET INCCAP STK CL A · CUSIP 02079K305 | — | $33.7m | 0.01% | 94,273 | -94.3% |
| CITIGROUP INCCOM NEW · CUSIP 172967424 | — | $134.3m | 0.05% | 959,523 | -80.0% |
| META PLATFORMS INCCL A · CUSIP 30303M102 | — | $731.9m | 0.27% | 1,299,244 | -35.2% |
本季未见｜不分类为退出Current absences | not classified as exits 10
组合、关系通知或保密口径使缺席含义不完整；这些证券不进入退出候选或跨机构卖出共识。Combination, notice or confidential scope makes absence incomplete; these securities do not enter apparent exits or cross-manager sell consensus.
| 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 |
|---|---|---|---|---|---|
| SPDR SERIES TRUSTSTATE STREET SPD · CUSIP 78464A854 | — | $1.65bn | 0.69% | 21,566,182 | — |
| LUMENTUM HLDGS INCNOTE 0.500% 6/1 · CUSIP 55024UAF6 | — | $841.9m | 0.35% | 157,266,000 | — |
| LUMENTUM HLDGS INCNOTE 0.500%12/1 · CUSIP 55024UAD1 | — | $173.3m | 0.07% | 24,510,000 | — |
| PEABODY ENGR CORPNOTE 3.250% 3/0 · CUSIP 704551AD2 | — | $111.5m | 0.05% | 60,911,000 | — |
| LI AUTO INCNOTE 0.250% 5/0 · CUSIP 50202MAB8 | — | $106.2m | 0.04% | 106,099,000 | — |
| JAZZ INVESTMENTS I LTDNOTE 2.000% 6/1 · CUSIP 472145AF8 | — | $104.4m | 0.04% | 85,836,000 | — |
| WAYFAIR INCNOTE 3.500%11/1 · CUSIP 94419LAR2 | — | $103.8m | 0.04% | 59,250,000 | — |
| H WORLD GROUP LTDNOTE 3.000% 5/0 · CUSIP 44332NAB2 | — | $88.2m | 0.04% | 65,500,000 | — |
| ESAB CORPORATIONCOM · CUSIP 29605J106 | — | $87.3m | 0.04% | 902,851 | — |
| ROCKWELL AUTOMATION INCCOM · CUSIP 773903109 | — | $71.5m | 0.03% | 199,360 | — |
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 |
|---|---|---|---|---|---|
| ISHARES TRRUSSELL 2000 ETF · CUSIP 464287655 | PUT | $10.00bn | 3.62% | 33,283,000 | -17.1% |
| NVIDIA CORPORATIONCOM · CUSIP 67066G104 | PUT | $5.10bn | 1.84% | 25,464,200 | 7.8% |
| ISHARES TRRUSSELL 2000 ETF · CUSIP 464287655 | CALL | $4.36bn | 1.58% | 14,519,000 | 21.1% |
| INVESCO QQQ TRUNIT SER 1 · CUSIP 46090E103 | PUT | $3.99bn | 1.45% | 5,422,200 | -10.4% |
| STATE STR SPDR S&P 500 ETF TTR UNIT · CUSIP 78462F103 | CALL | $3.54bn | 1.28% | 4,746,200 | 201.8% |
| MICRON TECHNOLOGY INCCOM · CUSIP 595112103 | PUT | $3.26bn | 1.18% | 2,824,100 | 55.2% |
| STATE STR SPDR S&P 500 ETF TTR UNIT · CUSIP 78462F103 | PUT | $3.22bn | 1.17% | 4,309,500 | 57.7% |
| INVESCO QQQ TRUNIT SER 1 · CUSIP 46090E103 | CALL | $3.00bn | 1.09% | 4,074,700 | 2.8% |
| ADVANCED MICRO DEVICES INCCOM · CUSIP 007903107 | PUT | $2.75bn | 0.99% | 4,729,800 | -10.3% |
| APPLE INCCOM · CUSIP 037833100 | PUT | $2.63bn | 0.95% | 9,103,300 | 4.6% |
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 | 5.2 / 15 | 35% | |
| 集中度信息密度Concentration signal | 2.8 / 10 | 28% | |
| 高确信度可识别性Conviction identifiability | 1.3 / 15 | 9% | |
| 延续性 / 换手Persistence / turnover | 7.4 / 10 | 74% | |
| 申报时滞Filing lag | 0.0 / 10 | 0% | |
| 不可见风险Opacity risk | 5.5 / 10 | 55% | |
| 独立共识Independent consensus | 1.5 / 5 | 30% |
策略分类：量化多策略。分数衡量公开13F的研究可用度，不评价未来收益。Strategy classification: Quant multi-strategy. 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.