HA
HighTower Advisors, LLC
分散型投资策略趋势追踪型长期持有型
申报总市值
US$942.2亿
申报季度: 2026-03-31 · 持股只数: 3796
HighTower Advisors, LLC在最新一期 13F 报告中披露了 3796 项持股，申报期为 2026-03-31，总持股市值约为 US$942.2亿，季度换手率为 15.8%。
机构性格雪花图
- 集中度
- 2.51
- 持仓稳定性
- 15.81
- 动能／逆势
- 79.32
- 行业集中度
- 39.71
- 多样化
- 100
- 仓位均衡度
- 52.26
近期动向
加仓 JNJ
+165.5% US$17.5亿
减仓 MSFT
+1.1% -US$5.5亿
加仓 SPY
+39.6% US$4.5亿
加仓 XOM
-11.0% US$2.5亿
加仓 CVX
+7.8% US$2.1亿
加仓 IVV
+18.4% US$2.4亿
持仓地图
新建仓加仓不变减仓
机构博弈推演
核心意图
本季度HighTower Advisors完成一轮明确的调仓换血，重仓加码JNJ及宽基ETF，同步兑现MSFT、GOOGL与BRK-A的利润。在持有3796只标的的极度分散框架下，机构果断将筹码向医药防御板块与核心指数倾斜，放弃单一赛道押注，转而布局确定性溢价。
基本面与宏观布局
资金流向清晰映射出“科技股见顶、价值与宽基接力”的中观逻辑。虽然信息技术板块仍以24.09%稳居第一大行业，但主力筹码正从AI算力龙头向医疗保健交叉转移。机构做多的是市场广度打开后的普涨行情；反向逻辑则指向云端与半导体盈利持续超预期，若流动性收紧导致头部科技股杀估值，将引发典型的拥挤交易踩踏。
潜在盲点
3796只持仓带来的尾部标的流动性折价在极端行情下将被放大。宽基指数作为战术底仓占比过高，一旦市场风格切换跌破指数共振阈值，组合β会迅速钝化。此时机构将被动锁定在“指数护盘、个股阴跌”的结构性分化中，面临调降集中度或忍受净值磨损的两难抉择。
以上内容由 AI 根据公开申报资料自动生成，仅为历史数据摘要，不构成投资建议。
前十大持股占比
本季完整持股清单
| # | 代码 | 标的名称 | 资产子类别 | 占比 | 占比变动 | 持仓量变化 | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AAPL | Apple INC | 股票-科技 | 3.17% | — | +6.95% | |
| 2 | JNJ | Johnson & Johnson | 股票-医疗保健 | 2.72% | +1.83% | +165.51% | |
| 3 | IVV | Ishares Core S&p 500 ETF | ETF-大型股与成长 | 2.21% | +0.20% | +18.43% | |
| 4 | MSFT | Microsoft CORP | 股票-科技 | 1.99% | -0.66% | +1.07% | |
| 5 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股与成长 | 1.93% | +0.43% | +39.62% | |
| 6 | VOO | Vanguard S&p 500 ETF | ETF-大型股与成长 | 1.68% | — | +2.90% | |
| 7 | BRK-A | Berkshire Hathaway Inc-cl A | 股票-其他 | 1.53% | -0.19% | -3.46% | |
| 8 | NVDA | Nvidia CORP | 股票-科技 | 1.43% | — | +6.97% | |
| 9 | XOM | Exxon Mobil CORP | 股票-能源 | 1.29% | +0.23% | -10.95% | |
| 10 | AMZN | Amazon.com INC | 股票-周期性消费 | 1.27% | -0.15% | +2.26% | |
| 11 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.24% | -0.14% | -2.79% | |
| 12 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 1.15% | -0.18% | -3.24% | |
| 13 | META | Meta Platforms Inc-class A | 股票-通信服务 | 0.84% | -0.14% | +1.19% | |
| 14 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.83% | -0.11% | -0.37% | |
| 15 | VEA | Vanguard Ftse Developed ETF | ETF-其他 | 0.79% | +0.03% | +5.36% | |
| 16 | VTI | Vanguard Total Stock Mkt ETF | ETF-其他 | 0.76% | — | +2.45% | |
| 17 | SN | SharkNinja, Inc. | 股票-周期性消费 | 0.74% | — | +4.73% | |
| 18 | AVGO | Broadcom INC | 股票-科技 | 0.74% | -0.08% | +4.26% | |
| 19 | VUG | Vanguard Growth ETF | ETF-其他 | 0.74% | -0.10% | +0.79% | |
| 20 | VTV | Vanguard Value ETF | ETF-其他 | 0.73% | — | +1.74% | |
| 21 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 0.73% | -0.08% | -0.81% | |
| 22 | CVX | Chevron CORP | 股票-能源 | 0.71% | +0.21% | +7.82% | |
| 23 | GOOG | Alphabet Inc-cl C | 股票-通信服务 | 0.65% | -0.08% | +0.79% | |
| 24 | GLD | Spdr Gold Shares | ETF-避险与商品 | 0.65% | — | -2.82% | |
| 25 | PEP | Pepsico INC | 股票-非周期性消费 | 0.61% | +0.07% | +8.01% | |
| 26 | IWF | Ishares Russell 1000 Growth | ETF-其他 | 0.58% | -0.08% | -0.52% | |
| 27 | SIXH | Etc 6 Meridian Hedged Equity | ETF-其他 | 0.56% | — | +0.89% | |
| 28 | SCHF | Schwab Intl Equity ETF | ETF-其他 | 0.56% | — | +2.77% | |
| 29 | IJH | Ishares Core S&p Midcap ETF | ETF-其他 | 0.55% | — | -1.85% | |
| 30 | IEFA | Ishares Core Msci Eafe ETF | ETF-其他 | 0.55% | — | +4.20% | |
| 31 | VIG | Vanguard Dividend Apprec ETF | ETF-其他 | 0.54% | — | -0.29% | |
| 32 | IJR | Ishares Core S&p Small-cap E | ETF-中小型股 | 0.46% | — | +5.30% | |
| 33 | MRK | Merck & Co. INC. | 股票-医疗保健 | 0.46% | — | -4.79% | |
| 34 | COST | Costco Wholesale CORP | 股票-非周期性消费 | 0.46% | +0.06% | +3.67% | |
| 35 | MCD | Mcdonald's CORP | 股票-周期性消费 | 0.45% | — | +1.59% | |
| 36 | CAT | Caterpillar INC | 股票-工业 | 0.45% | +0.05% | -6.39% | |
| 37 | V | Visa Inc-class A Shares | 股票-金融 | 0.44% | -0.10% | -1.57% | |
| 38 | SIXA | Etc 6 Meridian Mega Cap Equi | ETF-其他 | 0.43% | — | +4.26% | |
| 39 | CSCO | Cisco Systems INC | 股票-科技 | 0.43% | — | -6.80% | |
| 40 | LLY | Eli Lilly & Co | 股票-医疗保健 | 0.43% | -0.14% | -9.62% | |
| 41 | PG | Procter & Gamble Co/the | 股票-非周期性消费 | 0.42% | — | +10.71% | |
| 42 | VWO | Vanguard Ftse Emerging Marke | ETF-新兴市场 | 0.42% | +0.05% | +14.55% | |
| 43 | UMI | Uscf Midstream Energy Income | ETF-其他 | 0.40% | +0.09% | +10.21% | |
| 44 | WMT | Walmart INC | 股票-非周期性消费 | 0.39% | — | +0.61% | |
| 45 | DGRO | Ishares Core Dividend Growth | ETF-其他 | 0.38% | — | +2.94% | |
| 46 | ABBV | Abbvie INC | 股票-医疗保健 | 0.38% | — | +1.79% | |
| 47 | SCHX | Schwab US Large-cap ETF | ETF-其他 | 0.38% | — | -0.96% | |
| 48 | TSLA | Tesla INC | 股票-周期性消费 | 0.38% | -0.08% | +3.34% | |
| 49 | RTX | Rtx CORP | 股票-工业 | 0.36% | — | -8.83% | |
| 50 | SPYM | Ste Str Spdr Pt S&p 500 ETF | ETF-大型股与成长 | 0.35% | — | +2.17% |
1–50 of 3,796
申报总市值趋势
行业配置
历年行业分布趋势
季度历史总览
| 季度 | 持股只数 | 总市值 | 稳定性 | 主要持股 |
|---|---|---|---|---|
| 2026-03-31 | 3796 | US$942.2亿 | 16 | |
| 2025-12-31 | 3644 | US$914.4亿 | 12 | |
| 2025-09-30 | 3830 | US$880.8亿 | 25 | |
| 2025-06-30 | 3752 | US$798.3亿 | 0 | |
| 2025-03-31 | 3723 | US$736.9亿 | 100 | |
| 2024-12-31 | 3803 | US$731.3亿 | 0 | |
| 2024-09-30 | 3730 | US$700.0亿 | 0 | |
| 2024-06-30 | 3667 | US$646.9亿 | 0 | |
| 2024-03-31 | 3605 | US$617.3亿 | 0 | |
| 2023-12-31 | 3685 | US$595.8亿 | 0 | |
| 2023-09-30 | 3601 | US$532.2亿 | 0 | |
| 2023-06-30 | 3457 | US$508.0亿 | 0 | |
| 2023-03-31 | 3397 | US$458.4亿 | 0 | |
| 2022-12-31 | 3385 | US$437.5亿 | 0 | |
| 2022-09-30 | 3241 | US$373.3亿 | 0 | |
| 2022-06-30 | 3254 | US$387.1亿 | 0 | |
| 2022-03-31 | 3450 | US$448.7亿 | 0 | |
| 2021-12-31 | 3385 | US$456.2亿 | 0 | |
| 2021-09-30 | 3270 | US$373.6亿 | 0 | |
| 2021-06-30 | 3205 | US$345.4亿 | 100 | |
| 2021-03-31 | 3090 | US$316.7亿 | 36 | |
| 2020-12-31 | 2626 | US$240.1亿 | 44 | |
| 2020-09-30 | 2574 | US$207.1亿 | 19 | |
| 2020-06-30 | 2457 | US$183.3亿 | 24 | |
| 2020-03-31 | 2258 | US$154.3亿 | 48 | |
| 2019-12-31 | 2305 | US$169.2亿 | 31 | |
| 2019-09-30 | 2436 | US$183.7亿 | 20 | |
| 2019-06-30 | 2395 | US$168.0亿 | 21 | |
| 2019-03-31 | 2321 | US$149.7亿 | 22 | |
| 2018-12-31 | 2220 | US$130.4亿 | 29 | |
| 2018-09-30 | 2300 | US$138.7亿 | 18 | |
| 2018-06-30 | 2253 | US$127.7亿 | 20 | |
| 2018-03-31 | 2197 | US$119.4亿 | 19 | |
| 2017-12-31 | 2297 | US$121.8亿 | 15 | |
| 2017-09-30 | 2265 | US$117.2亿 | 19 | |
| 2017-06-30 | 2248 | US$111.8亿 | 20 | |
| 2017-03-31 | 2112 | US$104.5亿 | 23 | |
| 2016-12-31 | 1951 | US$92.0亿 | 20 | |
| 2016-09-30 | 1869 | US$86.3亿 | 22 | |
| 2016-06-30 | 1771 | US$79.0亿 | 100 | |
| 2016-03-31 | 2059 | US$306.6亿 | 100 | |
| 2015-12-31 | 2052 | US$84.2亿 | 33 | |
| 2015-09-30 | 1870 | US$75.5亿 | 46 | |
| 2015-06-30 | 1509 | US$62.4亿 | 43 | |
| 2015-03-31 | 1606 | US$67.2亿 | 29 | |
| 2014-12-31 | 1588 | US$65.3亿 | 27 | |
| 2014-09-30 | 1530 | US$59.2亿 | 24 | |
| 2014-06-30 | 1598 | US$57.6亿 | 24 | |
| 2014-03-31 | 1624 | US$51.2亿 | 26 | |
| 2013-12-31 | 1537 | US$48.6亿 | 34 | |
| 2013-09-30 | 1344 | US$39.9亿 | 25 | |
| 2013-06-30 | 1285 | US$36.8亿 | — |
本季持股变动
HighTower Advisors, LLC 在 2026-03-31 最显著的持仓异动： 清仓: Exact Sciences CORP (EXK); 新建仓: AstraZeneca PLC (AZN); 清仓: Astrazeneca Plc-spons Adr (AZNN); 加仓: Johnson & Johnson (JNJ) — 股数 +165.51%; 加仓: Microsoft CORP (MSFT) — 股数 +1.07%.
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | JNJ | Johnson & Johnson | +1.8% | +165.51% | 加仓 |
| 2 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.4% | +39.62% | 加仓 |
| 3 | XOM | Exxon Mobil CORP | +0.2% | -10.95% | 减仓 |
| 4 | CVX | Chevron CORP | +0.2% | +7.82% | 加仓 |
| 5 | IVV | Ishares Core S&p 500 ETF | +0.2% | +18.43% | 加仓 |
| 6 | UMI | Uscf Midstream Energy Income | +0.1% | +10.21% | 加仓 |
| 7 | TBIL | F/m US Treasury 3 Month Bill | +0.1% | +2796.65% | 加仓 |
| 8 | NFLX | Netflix INC | +0.1% | +45.27% | 加仓 |
| 9 | PEP | Pepsico INC | +0.1% | +8.01% | 加仓 |
| 10 | COST | Costco Wholesale CORP | +0.1% | +3.67% | 加仓 |
| 11 | PLPC | Preformed Line Products Co | +0.1% | +0.19% | 加仓 |
| 12 | GBDC | Golub Capital Bdc INC | +0.1% | +206.60% | 加仓 |
| 13 | CAT | Caterpillar INC | +0.1% | -6.39% | 减仓 |
| 14 | VWO | Vanguard Ftse Emerging Marke | +0.1% | +14.55% | 加仓 |
| 15 | GIS | General Mills INC | +0.1% | +109.54% | 加仓 |
| 16 | LINE | Lineage INC | 0% | +213.43% | 加仓 |
| 17 | VZ | Verizon Communications INC | 0% | -5.11% | 减仓 |
| 18 | SBUX | Starbucks CORP | 0% | +21.38% | 加仓 |
| 19 | XLE | Ss Energy Select Sector | 0% | +11.66% | 加仓 |
| 20 | VEA | Vanguard Ftse Developed ETF | 0% | +5.36% | 加仓 |
| 21 | MS | Morgan Stanley | -0.1% | -13.59% | 减仓 |
| 22 | VTWO | Vanguard Russell 2000 ETF | -0.1% | -85.79% | 减仓 |
| 23 | SPGM | State Street Spdr Portfolio | -0.1% | -96.58% | 减仓 |
| 24 | DIS | Walt Disney Co/the | -0.1% | -5.36% | 减仓 |
| 25 | CRM | Salesforce INC | -0.1% | -17.20% | 减仓 |
| 26 | QCOM | Qualcomm INC | -0.1% | -5.99% | 减仓 |
| 27 | BAC | Bank Of America CORP | -0.1% | -4.57% | 减仓 |
| 28 | ABT | Abbott Laboratories | -0.1% | -8.37% | 减仓 |
| 29 | IWF | Ishares Russell 1000 Growth | -0.1% | -0.52% | 减仓 |
| 30 | TSLA | Tesla INC | -0.1% | +3.34% | 加仓 |
| 31 | WFC | Wells Fargo & Co | -0.1% | -5.14% | 减仓 |
| 32 | GOOG | Alphabet Inc-cl C | -0.1% | +0.79% | 加仓 |
| 33 | AVGO | Broadcom INC | -0.1% | +4.26% | 加仓 |
| 34 | QQQ | Invesco Qqq Trust Series 1 | -0.1% | -0.81% | 减仓 |
| 35 | VUG | Vanguard Growth ETF | -0.1% | +0.79% | 加仓 |
| 36 | V | Visa Inc-class A Shares | -0.1% | -1.57% | 减仓 |
| 37 | HYD | Vaneck High Yield Muni ETF | -0.1% | -74.37% | 减仓 |
| 38 | IBM | Intl Business Machines CORP | -0.1% | -5.37% | 减仓 |
| 39 | JPM | Jpmorgan Chase & Co | -0.1% | -0.37% | 减仓 |
| 40 | ORCL | Oracle CORP | -0.1% | -22.36% | 减仓 |
| 41 | LLY | Eli Lilly & Co | -0.1% | -9.62% | 减仓 |
| 42 | META | Meta Platforms Inc-class A | -0.1% | +1.19% | 加仓 |
| 43 | BRK-B | Berkshire Hathaway Inc-cl B | -0.1% | -2.79% | 减仓 |
| 44 | AMZN | Amazon.com INC | -0.2% | +2.26% | 加仓 |
| 45 | GOOGL | Alphabet Inc-cl A | -0.2% | -3.24% | 减仓 |
| 46 | BRK-A | Berkshire Hathaway Inc-cl A | -0.2% | -3.46% | 减仓 |
| 47 | MSFT | Microsoft CORP | -0.7% | +1.07% | 加仓 |
| 48 | EXK | Exact Sciences CORP | — | EXIT | 清仓 |
| 49 | AZN | AstraZeneca PLC | — | NEW | 新建仓 |
| 50 | AZNN | Astrazeneca Plc-spons Adr | — | EXIT | 清仓 |
FAQ
HighTower Advisors, LLC 是什么机构？属于哪种投资人类型？
HighTower Advisors, LLC 是一家投资管理机构，每季依规定向 SEC 申报 Form 13F，披露其在美国上市股票的持仓信息。根据最新一期申报（2026-03-31），该机构追踪的股票投资组合估值约为 US$942.2亿，分布在 3796 个已申报仓位之中。
HighTower Advisors, LLC 目前前几大持股有哪些？
根据最新 13F 申报，HighTower Advisors, LLC 按市值排列的前几大持股为：
1. Apple INC (AAPL) — US$29.9亿 (3.2%)
2. Johnson & Johnson (JNJ) — US$25.6亿 (2.7%)
3. Ishares Core S&p 500 ETF (IVV) — US$20.8亿 (2.2%)
4. Microsoft CORP (MSFT) — US$18.7亿 (2.0%)
5. Ss Spdr S&p 500 ETF Trust-us (SPY) — US$18.2亿 (1.9%)
HighTower Advisors, LLC 在最新一期 13F 申报中做了哪些操作？
在最新申报季度中，HighTower Advisors, LLC 共进行了 50 项显著调整：新建仓 1 个仓位、加仓 24 个既有持股、减仓 23 个仓位，并完全清仓 2 个持股。 其中幅度最大的异动：清仓: Exact Sciences CORP (EXK); 新建仓: AstraZeneca PLC (AZN); 清仓: Astrazeneca Plc-spons Adr (AZNN); 加仓: Johnson & Johnson (JNJ) — 股数 +165.51%; 加仓: Microsoft CORP (MSFT) — 股数 +1.07%
HighTower Advisors, LLC 主要集中投资哪些行业板块？
根据目前已申报的股票投资组合，HighTower Advisors, LLC 的主要板块分布如下：
• Information Technology: 24.1%
• Financials: 13.8%
• Health Care: 13.4%
• Consumer Discretionary: 10.8%
• Industrials: 9.3%
• Communication Services: 7.9%
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