CIK: 0001505708
申报总市值
US$295.7亿
申报季度: 2017-06-30 · 持股只数: 546
Standard Life Investments LTD在最新一期 13F 报告中披露了 546 项持股，申报期为 2017-06-30，总持股市值约为 US$295.7亿，季度换手率为 19.3%。
Standard Life Investments LTD 目前披露的持仓，Herfindahl 集中度指数为 0.012——换算下来相当于约 84 个等权重仓位，明显低于其实际披露的 546 只持仓。这一差距显示该机构的策略偏向集中在少数高信心仓位，而非广泛分散。
整体仓位大小相当一致（变异系数为 1.17），显示该机构在资金配置上采取较有纪律、规则化的方式。
最新申报季度中，并未观察到明显偏向加仓既有大仓位或大举建立新仓位的倾向。
目前行业板块分类约覆盖此投资组合披露价值的 44%；其余部分（例如未匹配板块的标的、期权或其他证券类型）尚未纳入板块分类范围。
加仓 PM
+248.6% US$2.0亿
减仓 FLT1EUR
-57.9% -US$2.0亿
加仓 MCD
+41.0% US$1.8亿
加仓 MS
+837.7% US$1.4亿
加仓 MRK
+105.4% US$1.3亿
加仓 AEP
+731.9% US$1.2亿
Standard Life本季表面低调换仓，实则是一套精明的‘防御性撤退’：疯狂加码PM、MCD、AEP这些现金牛，同时果断清仓美光、减持BAC，把筹码从景气循环股悄悄挪往稳定现金流资产。这不是分散配置，而是基金经理在替下半年可能的修正买保险。
这局棋的胜负手押在美联储紧缩的路径上：增持MS、MCD、PM赌的是‘温和升息、经济有撑’，减持BAC、出清MU则表明他们对科技股估值打上问号。整体资金正从成长型板块撤出，卡位在防御性龙头，核心逻辑是在利率上扬但增长动能趋缓的环境下抢先站稳，一旦出现Beta屠殺，他们手上的低波动组合反而能守。
最大罩门是筹码过于分散（198档），市场反转向下时，没有题材的持股容易沦为第一波提款对象。加上AEP、PM这类低贝塔股票在急杀时虽跌幅较小，延缓不了整体净值的下滑，一旦多杀多踩踏开始，这些防御股也会因筹码拥挤而被牵连出局。
本内容通过 AI 辅助，取材自公开披露的 13F 资料生成。仅涵盖历史数据，非个性化投资建议。
仅显示前 198 大持股（共 546 只）
| # | 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 | 3.13% | — | -4.22% | |
| 2 | WFC | Wells Fargo & Co | 股票-金融 | 3.07% | -0.21% | -8.38% | |
| 3 | META | Meta Platforms Inc-class A | 股票-通信服务 | 2.28% | — | -7.16% | |
| 4 | JPM | Jpmorgan Chase & Co | 股票-金融 | 2.26% | — | -2.99% | |
| 5 | C | Citigroup INC | 股票-金融 | 2.26% | -0.17% | -18.82% | |
| 6 | UNH | Unitedhealth Group INC | 股票-医疗保健 | 2.04% | +0.24% | -2.07% | |
| 7 | BAC | Bank Of America CORP | 股票-金融 | 2.03% | -0.40% | -20.78% | |
| 8 | AMT | American Tower CORP | 股票-房地产 | 1.96% | — | -10.75% | |
| 9 | CMCSA | Comcast Corp-class A | 股票-通信服务 | 1.88% | — | -0.72% | |
| 10 | GOOG | Alphabet Inc-cl C | 股票-通信服务 | 1.69% | — | -4.51% | |
| 11 | KHC | Kraft Heinz Co/the | 股票-非周期性消费 | 1.69% | -0.16% | -5.51% | |
| 12 | FRCB | First Republic Bank/ca | 股票-金融 | 1.67% | — | -1.07% | |
| 13 | CELG | Celgene CORP | 股票-其他 | 1.56% | +0.25% | +11.64% | |
| 14 | FBIN | Fortune Brands Innovations I | 股票-工业 | 1.55% | — | -6.43% | |
| 15 | MCD | Mcdonald's CORP | 股票-周期性消费 | 1.54% | +0.64% | +41.00% | |
| 16 | NWL | Newell Brands INC | 股票-非周期性消费 | 1.53% | — | -4.78% | |
| 17 | AVGO | Broadcom Inc. | 股票-科技 | 1.50% | -0.19% | -18.49% | |
| 18 | PNC | Pnc Financial Services Group | 股票-金融 | 1.42% | -0.23% | -18.93% | |
| 19 | USB | US Bancorp | 股票-金融 | 1.39% | -0.21% | -15.30% | |
| 20 | BSX | Boston Scientific CORP | 股票-医疗保健 | 1.36% | -0.19% | -22.85% | |
| 21 | AYI | Acuity INC | 股票-工业 | 1.23% | +0.27% | +24.91% | |
| 22 | DLTR | Dollar Tree INC | 股票-非周期性消费 | 1.20% | — | +13.91% | |
| 23 | CSX | Csx CORP | 股票-工业 | 1.19% | +0.26% | +6.84% | |
| 24 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 1.18% | — | -12.05% | |
| 25 | ALLE | Allegion plc | 股票-工业 | 1.17% | — | -15.26% | |
| 26 | PEP | Pepsico INC | 股票-非周期性消费 | 1.16% | — | -4.70% | |
| 27 | CMS | Cms Energy CORP | 股票-公用事业 | 1.16% | — | -3.73% | |
| 28 | HAL | Halliburton Co | 股票-能源 | 1.07% | — | +9.74% | |
| 29 | HD | Home Depot INC | 股票-周期性消费 | 1.06% | — | -5.94% | |
| 30 | BBTUSD | Bb&t CORP | 股票-其他 | 1.05% | — | -11.82% | |
| 31 | SCHW | Schwab (charles) CORP | 股票-金融 | 1.04% | — | -5.30% | |
| 32 | AMZN | Amazon.com INC | 股票-周期性消费 | 1.04% | — | -14.05% | |
| 33 | MA | Mastercard INC - A | 股票-金融 | 1.01% | +0.37% | +41.21% | |
| 34 | PM | Philip Morris International | 股票-非周期性消费 | 0.95% | +0.69% | +248.58% | |
| 35 | MO | Altria Group INC | 股票-非周期性消费 | 0.91% | — | -13.75% | |
| 36 | MSFT | Microsoft CORP | 股票-科技 | 0.91% | — | -0.66% | |
| 37 | PFE | Pfizer INC | 股票-医疗保健 | 0.89% | — | +0.59% | |
| 38 | BABA | Alibaba Group Holding-sp Adr | 股票-周期性消费 | 0.88% | +0.21% | -1.68% | |
| 39 | ✓ | 股票-其他 | 0.86% | — | +0.13% | ||
| 40 | SPG | Simon Property Group INC | 股票-房地产 | 0.83% | — | -0.62% | |
| 41 | PLD | Prologis INC | 股票-房地产 | 0.83% | +0.22% | +17.64% | |
| 42 | MRK | Merck & Co. INC. | 股票-医疗保健 | 0.82% | +0.43% | +105.42% | |
| 43 | ATVIEUR | Activision Blizzard INC | 股票-通信服务 | 0.80% | -0.16% | -29.30% | |
| 44 | ALL | Allstate CORP | 股票-金融 | 0.78% | — | -15.05% | |
| 45 | EA | Electronic Arts INC | 股票-通信服务 | 0.77% | -0.20% | -34.12% | |
| 46 | MDT | Medtronic plc | 股票-医疗保健 | 0.76% | — | -19.47% | |
| 47 | CTRPUSD | Ctrip.com International-adr | 股票-其他 | 0.75% | — | -7.23% | |
| 48 | CVX | Chevron CORP | 股票-能源 | 0.75% | — | -0.48% | |
| 49 | CL | Colgate-palmolive Co | 股票-非周期性消费 | 0.73% | — | +10.18% | |
| 50 | RTN1USD | Raytheon Company | 股票-其他 | 0.71% | — | +0.01% |
可定价持仓数据尚不足以计算表现
| 季度 | 持股只数 | 总市值 | 稳定性 | 主要持股 |
|---|---|---|---|---|
| 2017-06-30 | 546 | US$295.7亿 | 19 | |
| 2017-03-31 | 540 | US$302.6亿 | 21 | |
| 2016-12-31 | 530 | US$287.5亿 | 33 | |
| 2016-09-30 | 477 | US$242.7亿 | 27 | |
| 2016-06-30 | 468 | US$221.2亿 | 23 | |
| 2016-03-31 | 455 | US$219.3亿 | 25 | |
| 2015-12-31 | 460 | US$236.2亿 | 37 | |
| 2015-09-30 | 466 | US$233.0亿 | 36 | |
| 2015-06-30 | 484 | US$236.5亿 | 25 | |
| 2015-03-31 | 488 | US$244.7亿 | 32 | |
| 2014-12-31 | 909 | US$253.8亿 | 31 | |
| 2014-09-30 | 1014 | US$263.4亿 | 31 | |
| 2014-06-30 | 814 | US$224.0亿 | 27 | |
| 2014-03-31 | 711 | US$209.9亿 | 36 | |
| 2013-12-31 | 707 | US$188.9亿 | 27 | |
| 2013-09-30 | 721 | US$172.5亿 | 34 | |
| 2013-06-30 | 700 | US$157.9亿 | 0 |
Standard Life Investments LTD 在 2017-06-30 最显著的持仓异动： 清仓: Micron Technology INC (MU); 新建仓: Centurylink INC (CTLEUR); 清仓: Delta Air Lines INC (DAL); 新建仓: Occidental Petroleum CORP (OXY); 清仓: Bristol-myers Squibb Co (BMY).
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | PM | Philip Morris International | +0.7% | +248.58% | 加仓 |
| 2 | MCD | Mcdonald's CORP | +0.6% | +41.00% | 加仓 |
| 3 | MS | Morgan Stanley | +0.5% | +837.73% | 加仓 |
| 4 | MRK | Merck & Co. INC. | +0.4% | +105.42% | 加仓 |
| 5 | AEP | American Electric Power Company, Inc. | +0.4% | +731.95% | 加仓 |
| 6 | MA | Mastercard INC - A | +0.4% | +41.21% | 加仓 |
| 7 | WELL | Welltower INC | +0.3% | +84.47% | 加仓 |
| 8 | AYI | Acuity INC | +0.3% | +24.91% | 加仓 |
| 9 | CSX | Csx CORP | +0.3% | +6.84% | 加仓 |
| 10 | CELG | Celgene CORP | +0.3% | +11.64% | 加仓 |
| 11 | ROK | Rockwell Automation, Inc. | +0.2% | +139.57% | 加仓 |
| 12 | CFG | Citizens Financial Group | +0.2% | +56.53% | 加仓 |
| 13 | UNH | Unitedhealth Group INC | +0.2% | -2.07% | 减仓 |
| 14 | PLD | Prologis INC | +0.2% | +17.64% | 加仓 |
| 15 | BABA | Alibaba Group Holding-sp Adr | +0.2% | -1.68% | 减仓 |
| 16 | TWXCHF | Time Warner INC | +0.2% | +28.02% | 加仓 |
| 17 | MAA | Mid-america Apartment Comm | +0.1% | +202.13% | 加仓 |
| 18 | TJX | Tjx Companies INC | -0.1% | -19.96% | 减仓 |
| 19 | FRTEUR | Federal Realty Invs Trust | -0.1% | -30.34% | 减仓 |
| 20 | KHC | Kraft Heinz Co/the | -0.2% | -5.51% | 减仓 |
| 21 | ATVIEUR | Activision Blizzard INC | -0.2% | -29.30% | 减仓 |
| 22 | C | Citigroup INC | -0.2% | -18.82% | 减仓 |
| 23 | DVN | Devon Energy CORP | -0.2% | +1.27% | 加仓 |
| 24 | TMO | Thermo Fisher Scientific INC | -0.2% | -48.79% | 减仓 |
| 25 | AVGO | Broadcom Inc. | -0.2% | -18.49% | 减仓 |
| 26 | BSX | Boston Scientific CORP | -0.2% | -22.85% | 减仓 |
| 27 | ✓ | Cavium INC | -0.2% | -16.33% | 减仓 |
| 28 | BXP | Bxp INC | -0.2% | -32.39% | 减仓 |
| 29 | EA | Electronic Arts INC | -0.2% | -34.12% | 减仓 |
| 30 | WFC | Wells Fargo & Co | -0.2% | -8.38% | 减仓 |
| 31 | USB | US Bancorp | -0.2% | -15.30% | 减仓 |
| 32 | MLM | Martin Marietta Materials | -0.2% | -30.01% | 减仓 |
| 33 | PNC | Pnc Financial Services Group | -0.2% | -18.93% | 减仓 |
| 34 | EQIX | Equinix INC | -0.3% | -38.00% | 减仓 |
| 35 | HIG | Hartford Insurance Group INC | -0.3% | -76.89% | 减仓 |
| 36 | XOM | Exxon Mobil CORP | -0.3% | -79.24% | 减仓 |
| 37 | AIG | American International Group | -0.3% | -35.81% | 减仓 |
| 38 | BCRUSD | Cr Bard INC | -0.3% | -47.70% | 减仓 |
| 39 | VNO | Vornado Realty Trust | -0.3% | -53.99% | 减仓 |
| 40 | AMGN | Amgen INC | -0.4% | -83.63% | 减仓 |
| 41 | BAC | Bank Of America CORP | -0.4% | -20.78% | 减仓 |
| 42 | FLT1EUR | Fleetcor Technologies INC | -0.7% | -57.94% | 减仓 |
| 43 | MU | Micron Technology INC | — | EXIT | 清仓 |
| 44 | CTLEUR | Centurylink INC | — | NEW | 新建仓 |
| 45 | DAL | Delta Air Lines INC | — | EXIT | 清仓 |
| 46 | OXY | Occidental Petroleum CORP | — | NEW | 新建仓 |
| 47 | BMY | Bristol-myers Squibb Co | — | EXIT | 清仓 |
| 48 | SLG2EUR | Sl Green Realty CORP | — | NEW | 新建仓 |
| 49 | BRX | Brixmor Property Group INC | — | EXIT | 清仓 |
| 50 | KRC | Kilroy Realty CORP | — | NEW | 新建仓 |
| 季度 | 申报日期 | 类型 | EDGAR |
|---|---|---|---|
| 2017-06-30 | 2017-08-10 | 13F-HR | 在 EDGAR 上查看 |
| 2017-03-31 | 2017-05-12 | 13F-HR | 在 EDGAR 上查看 |
| 2016-12-31 | 2017-02-14 | 13F-HR | 在 EDGAR 上查看 |
| 2016-09-30 | 2016-10-20 | 13F-HR | 在 EDGAR 上查看 |
| 2016-06-30 | 2016-07-27 | 13F-HR | 在 EDGAR 上查看 |
| 2016-03-31 | 2016-05-12 | 13F-HR | 在 EDGAR 上查看 |
| 2015-12-31 | 2016-02-09 | 13F-HR | 在 EDGAR 上查看 |
| 2015-09-30 | 2015-11-13 | 13F-HR | 在 EDGAR 上查看 |
| 2015-06-30 | 2015-08-14 | 13F-HR | 在 EDGAR 上查看 |
| 2015-03-31 | 2015-05-15 | 13F-HR | 在 EDGAR 上查看 |
| 2014-12-31 | 2015-02-27 | 修正案 | 在 EDGAR 上查看 |
| 2014-12-31 | 2015-02-13 | 13F-HR | 在 EDGAR 上查看 |
| 2014-09-30 | 2014-11-14 | 13F-HR | 在 EDGAR 上查看 |
| 2014-06-30 | 2014-08-13 | 13F-HR | 在 EDGAR 上查看 |
| 2014-03-31 | 2014-05-14 | 13F-HR | 在 EDGAR 上查看 |
| 2013-12-31 | 2014-02-14 | 13F-HR | 在 EDGAR 上查看 |
| 2013-09-30 | 2013-11-14 | 修正案 | 在 EDGAR 上查看 |
| 2013-09-30 | 2013-11-14 | 13F-HR | 在 EDGAR 上查看 |
| 2013-06-30 | 2013-08-15 | 修正案 | 在 EDGAR 上查看 |
| 2013-06-30 | 2013-08-14 | 13F-HR | 在 EDGAR 上查看 |
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