被动 / 指数平台Passive / index platform · platform
State Street
道富
研究可用度中Medium research usability
13F-RS 研究可用度13F-RS research usability
63.2
覆盖coverage 70% · 置信confidence B
结论先行Answer first
前五大占20.1%，最值得继续核验的动作是减持MICRON TECHNOLOGY INCTop five represent 20.1%; reduction in MICRON TECHNOLOGY INC is the clearest next diligence lead
最大可见非期权证券持仓为NVIDIA CORPORATION（6.0%）；季度快照换手代理为1.9%，前十大延续率为100.0%。该机构归入“被动/指数平台”，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 (6.0%). The quarterly snapshot turnover proxy is 1.9%, and top-ten persistence is 100.0%. The manager is classified as Passive/index 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
把减持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 reduction 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 · 9,990,906 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 · 3,401,338 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 · 5,283,215 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 · 12,893,897 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 · 1,675,895 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 · 2,139,662 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 · 48,738,341 股shares | DEVON ENERGY CORP NEWCUSIP 25179M103换股所得 34,116,839 股 + 原有继承证券 38,564,178 股 = 可比基准 72,681,017 股；本季申报 73,179,266 股Converted 34,116,839 shares + 38,564,178 pre-existing successor shares = 72,681,017 comparable baseline shares; current filing 73,179,266 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 · 3,998,656 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 · 6,844,990 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 · 2,680,802 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 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 · 1,437,724 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 |
| 2026-06-25 | CLEARWATER ANALYTICS HLDGS ICUSIP 185123106 · 6,894,143 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 · 87,334 股shares | ASCENDIS PHARMA A/SCUSIP K08588103权威比例基准 87,334 股；本季申报 513,969 股Primary-ratio baseline 87,334 shares; current filing 513,969 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 · 180,358 股shares | THOMSON REUTERS CORPCUSIP 884903881权威比例基准 177,573 股；本季申报 0 股Primary-ratio baseline 177,573 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 · 50,238,525 股shares | CARNIVAL CORPORATION LTDCUSIP G2004J103权威比例基准 50,238,525 股；本季申报 58,217,260 股Primary-ratio baseline 50,238,525 shares; current filing 58,217,260 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 · 18,703,524 股shares | DUPONT DE NEMOURS INCCUSIP 26614N201权威比例基准 6,234,508 股；本季申报 0 股Primary-ratio baseline 6,234,508 shares; current filing 0 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 · 31,726,805 股shares | HONEYWELL AEROSPACE INCCUSIP 43849R105权威比例基准 15,863,402 股；本季申报 0 股Primary-ratio baseline 15,863,402 shares; current filing 0 shares HONEYWELL INTL INCCUSIP 438516205权威比例基准 15,863,402 股；本季申报 0 股Primary-ratio baseline 15,863,402 shares; current filing 0 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 · 9,235,084 股shares | MARQETA INCCUSIP 57142B203权威比例换算为 2,308,771 股；本季却申报 9,399,935 股，因口径冲突不计算变化Primary ratio implies 2,308,771 shares, while the current filing reports 9,399,935; 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 |
|---|---|---|---|---|---|
| STATE STREET CORP | CIK 0000093751 | 13F-HR | 0000093751-26-000507 | 2026-08-07 | 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 | — | $202.05bn | 5.99% | 1,009,783,437 | 1.6% |
| APPLE INCCOM · CUSIP 037833100 | — | $177.99bn | 5.28% | 615,129,929 | 2.1% |
| MICROSOFT CORPCOM · CUSIP 594918104 | — | $117.74bn | 3.49% | 315,653,206 | 2.9% |
| AMAZON COM INCCOM · CUSIP 023135106 | — | $94.67bn | 2.81% | 397,186,958 | 1.7% |
| ALPHABET INCCAP STK CL A · CUSIP 02079K305 | — | $85.40bn | 2.53% | 238,977,259 | 5.6% |
| BROADCOM INCCOM · CUSIP 11135F101 | — | $74.38bn | 2.21% | 196,900,541 | 2.9% |
| ALPHABET INCCAP STK CL C · CUSIP 02079K107 | — | $67.46bn | 2.00% | 190,923,442 | 2.8% |
| MICRON TECHNOLOGY INCCOM · CUSIP 595112103 | — | $57.80bn | 1.72% | 50,075,870 | -4.1% |
| META PLATFORMS INCCL A · CUSIP 30303M102 | — | $51.84bn | 1.54% | 92,033,963 | 4.0% |
| TESLA INCCOM · CUSIP 88160R101 | — | $49.40bn | 1.47% | 117,456,756 | 2.4% |
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 |
|---|---|---|---|---|---|
| VERSIGENT LTDORDINARY SHARES · CUSIP G9600F104 | — | $120.5m | 0.00% | 2,868,558 | — |
| INFLEQTION INCCOM SHS · CUSIP 45676K103 | — | $35.0m | 0.00% | 2,627,458 | — |
| ALMONTY INDS INCCOM NEW · CUSIP 020398707 | — | $33.0m | 0.00% | 1,994,040 | — |
| ENLIGHT RENEWABLE ENERGY LTDSHS · CUSIP M4056D110 | — | $16.5m | 0.00% | 185,903 | — |
| JANUS LIVING INCCL A-1 · CUSIP 471024109 | — | $13.2m | 0.00% | 460,915 | — |
| GENERATE BIOMEDICINES INCCOM SHS · CUSIP 370920100 | — | $8.9m | 0.00% | 526,565 | — |
| ICL GROUP LTDSHS · CUSIP M53213100 | — | $7.3m | 0.00% | 1,470,655 | — |
| MINIMED GROUP INCCOM · CUSIP 60365F109 | — | $6.0m | 0.00% | 403,289 | — |
| ELEMENTAL RTY CORPCOM NEW · CUSIP 28620K106 | — | $5.8m | 0.00% | 329,873 | — |
| TAT TECHNOLOGIES LTDORD NEW · CUSIP M8740S227 | — | $5.6m | 0.00% | 115,895 | — |
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 |
|---|---|---|---|---|---|
| MICROSOFT CORPCOM · CUSIP 594918104 | — | $117.74bn | 3.49% | 315,653,206 | 2.9% |
| LAM RESEARCH CORPCOM NEW · CUSIP 512807306 | — | $26.32bn | 0.78% | 60,704,130 | 2.6% |
| MARVELL TECHNOLOGY INCCOM · CUSIP 573874104 | — | $12.46bn | 0.37% | 41,834,272 | 79.2% |
| ALPHABET INCCAP STK CL A · CUSIP 02079K305 | — | $85.40bn | 2.53% | 238,977,259 | 5.6% |
| SANDISK CORPCOM · CUSIP 80004C200 | — | $13.48bn | 0.40% | 5,927,453 | 6.3% |
| KLA CORPCOM NEW · CUSIP 482480100 | — | $18.98bn | 0.56% | 62,892,994 | 922.1% |
| META PLATFORMS INCCL A · CUSIP 30303M102 | — | $51.84bn | 1.54% | 92,033,963 | 4.0% |
| NETFLIX INC.COM · CUSIP 64110L106 | — | $12.86bn | 0.38% | 180,129,582 | 4.9% |
| PALO ALTO NETWORKS INCCOM · CUSIP 697435105 | — | $12.61bn | 0.37% | 36,979,497 | 4.2% |
| WESTERN DIGITAL CORPCOM · CUSIP 958102105 | — | $10.40bn | 0.31% | 16,276,615 | 5.2% |
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 |
|---|---|---|---|---|---|
| EXXON MOBIL CORPCOM · CUSIP 30231G102 | — | $28.28bn | 0.84% | 206,811,526 | -3.3% |
| CHEVRON CORPORATIONCOM · CUSIP 166764100 | — | $24.61bn | 0.73% | 148,447,634 | -3.1% |
| SALESFORCE INCCOM · CUSIP 79466L302 | — | $7.05bn | 0.21% | 44,869,478 | -8.3% |
| MICRON TECHNOLOGY INCCOM · CUSIP 595112103 | — | $57.80bn | 1.72% | 50,075,870 | -4.1% |
| ECHOSTAR CORPCL A · CUSIP 278768106 | — | $1.08bn | 0.03% | 10,661,913 | -26.7% |
| TKO GROUP HOLDINGS INCCL A · CUSIP 87256C101 | — | $932.9m | 0.03% | 4,634,092 | -27.7% |
| GOLDMAN SACHS GROUP INCCOM · CUSIP 38141G104 | — | $19.04bn | 0.56% | 18,830,464 | -2.2% |
| CONOCOPHILLIPSCOM · CUSIP 20825C104 | — | $6.84bn | 0.20% | 65,828,184 | -3.9% |
| THE TRADE DESK INCCOM CL A · CUSIP 88339J105 | — | $565.6m | 0.02% | 31,285,823 | -30.4% |
| CHARTER COMMUNICATIONS INCCL A · CUSIP 16119P108 | — | $991.4m | 0.03% | 6,971,723 | -14.9% |
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 |
|---|---|---|---|---|---|
| HONEYWELL AEROSPACE INCCOM · CUSIP 43849R105 | —公司行动已换算Corporate action adjusted | $3.59bn | 0.12% | 15,863,402 | -100.0% |
| HONEYWELL INTL INCCOM · CUSIP 438516205 | —公司行动已换算Corporate action adjusted | $3.59bn | 0.12% | 15,863,402 | -100.0% |
| DUPONT DE NEMOURS INCCOM · CUSIP 26614N201 | —公司行动已换算Corporate action adjusted | $856.6m | 0.03% | 6,234,508 | -100.0% |
| VANGUARD SCOTTSDALE FDSINTER TERM TREAS · CUSIP 92206C706 | — | $294.8m | 0.01% | 4,950,000 | -100.0% |
| VANGUARD SCOTTSDALE FDSSHORT TERM TREAS · CUSIP 92206C102 | — | $257.6m | 0.01% | 4,400,000 | -100.0% |
| SPDR SERIES TRUSTSTATE STREET SPD · CUSIP 78464A383 | — | $140.9m | 0.01% | 6,291,307 | -100.0% |
| LUMENTUM HLDGS INCNOTE 1.500%12/1 · CUSIP 55024UAH2 | — | $122.6m | 0.00% | 12,145,000 | -100.0% |
| SPDR SERIES TRUSTSTATE STREET SPD · CUSIP 78464A672 | — | $107.8m | 0.00% | 3,762,990 | -100.0% |
| LUMENTUM HLDGS INCNOTE 0.500% 6/1 · CUSIP 55024UAF6 | — | $95.8m | 0.00% | 17,862,000 | -100.0% |
| VERIS RESIDENTIAL INCCOM · CUSIP 554489104 | — | $87.0m | 0.00% | 4,593,925 | -100.0% |
期权切片Options slice 0
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 |
|---|---|---|---|---|---|
| 无可展示记录No records to display | |||||
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 | 5.0 / 10 | 50% | |
| 高确信度可识别性Conviction identifiability | 2.7 / 15 | 18% | |
| 延续性 / 换手Persistence / turnover | 9.9 / 10 | 99% | |
| 申报时滞Filing lag | 2.0 / 10 | 20% | |
| 不可见风险Opacity risk | 9.1 / 10 | 91% | |
| 独立共识Independent consensus | 5.0 / 5 | 100% |
策略分类：被动 / 指数平台。分数衡量公开13F的研究可用度，不评价未来收益。Strategy classification: Passive / index 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.