CIK: 0001418660
申报总市值
US$1212.1亿
申报季度: 2015-06-30 · 持股只数: 4717
MANAGED ACCOUNT ADVISORS LLC在最新一期 13F 报告中披露了 4717 项持股，申报期为 2015-06-30，总持股市值约为 US$1212.1亿，季度换手率为 18.1%。
Managed Account Advisors LLC 目前披露的持仓，Herfindahl 集中度指数为 0.004——换算下来相当于约 276 个等权重仓位，明显低于其实际披露的 4717 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。
整体仓位大小差异较大（变异系数为 3.16），除少数重仓仓位外，还有许多规模较小的持仓。
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 30%；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 AEP
+56.0% US$4.2亿
加仓 MBB
+35.8% US$3.7亿
减仓 SCHD
-100.0% -US$2.7亿
减仓 BA
-59.4% -US$2.5亿
加仓 IWM
+340.6% US$2.7亿
加仓 BIV
+36.8% US$3.0亿
這家機構本季的動作，說穿了就是一場「明修棧道、暗度陳倉」的資金保衛戰。表面上持續買進 VUG、BIV 這類大型 ETF 維持市場曝險，骨子裡卻大舉加碼 AEP 這類公用事業股與 MBB 抵押貸款債券，甚至悄悄開新倉 Monster Beverage——明顯是在為聯準會升息與全球景氣放緩做準備，把資金從純粹的風險資產逐漸移往防禦型標的。低換手率更印證他們這次是在調結構，而非短線進出。
他們這局棋的勝負手，全押在「聯準會升息步調是否快於市場預期」這個變數上。如果美國經濟夠強，足以承受 2015 年底的升息，那成長股（VUG）與醫療保健（Health Care 佔 21.86%）還是能撐住；但要是全球需求轉弱，中國硬著陸風險發酵，那麼他們提前卡位的公用事業與債券就會是最佳避風港。總之，他們賭的不是單一產業，而是「資金從冒險轉向避險的拐點」已經悄悄出現。
最大的罩門在於：這批策略雖然持股高達 3,028 檔、極度分散，但核心的 Beta 來源仍集中在美國大型股（VUG、醫療、科技）。一旦市場出現系統性流動性緊縮，比如升息加速導致資金全面撤出風險資產，這種『多資產分散』的保護傘會迅速失效——因為當恐慌來臨時，所有股票的相關係數都會趨近於一，公用事業、債券也照跌不誤。另外，新買的 Monster Beverage 籌碼極為擁擠，這類高空氣比的成長股往往最先在多殺多行情中被掃出場。
本叙事由 AI 根据公开申报资料生成，仅描述过去活动，仅供参考，非投资建议。
仅显示前 200 大持股（共 4717 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 | VUG | Vanguard Growth ETF | ETF-其他 | 1.32% | +0.18% | +21.30% | |
| 2 | VTV | Vanguard Value ETF | ETF-其他 | 1.28% | +0.15% | +21.55% | |
| 3 | MBB | Ishares Mbs ETF | ETF-其他 | 1.20% | +0.24% | +35.77% | |
| 4 | WFC | Wells Fargo & Co | 股票-金融 | 1.07% | +0.03% | +5.54% | |
| 5 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.06% | +0.07% | +2.27% | |
| 6 | VGT | Vanguard Info Tech ETF | ETF-科技型 | 1.02% | +0.11% | +20.29% | |
| 7 | BIV | Vanguard Intermediate-term B | ETF-其他 | 0.99% | +0.20% | +36.81% | |
| 8 | BSV | Vanguard Short-term Bond ETF | ETF-其他 | 0.95% | +0.17% | +30.33% | |
| 9 | AAPL | Apple INC | 股票-科技 | 0.91% | — | -4.48% | |
| 10 | EFA | Ishares Msci Eafe ETF | ETF-其他 | 0.88% | +0.08% | +18.53% | |
| 11 | AEP | American Electric Power Company, Inc. | 股票-公用事业 | 0.87% | +0.31% | +56.04% | |
| 12 | XLV | Ss Health Care Select Sector | ETF-其他 | 0.82% | +0.13% | +23.32% | |
| 13 | VZ | Verizon Communications INC | 股票-通信服务 | 0.77% | — | +9.53% | |
| 14 | XLY | Ss Consumer Disc Select Sect | ETF-其他 | 0.76% | +0.11% | +23.06% | |
| 15 | PFE | Pfizer INC | 股票-医疗保健 | 0.76% | — | -1.75% | |
| 16 | MSFT | Microsoft CORP | 股票-科技 | 0.70% | — | -0.32% | |
| 17 | CSCO | Cisco Systems INC | 股票-科技 | 0.69% | — | +5.84% | |
| 18 | CVS | Cvs Health CORP | 股票-医疗保健 | 0.68% | — | +6.08% | |
| 19 | INTC | Intel CORP | 股票-科技 | 0.67% | — | +9.59% | |
| 20 | JNJ | Johnson & Johnson | 股票-医疗保健 | 0.67% | — | +0.44% | |
| 21 | IEI | Ishares 3-7 Year Treasury Bo | ETF-政府公债 | 0.65% | +0.14% | +36.41% | |
| 22 | IWF | Ishares Russell 1000 Growth | ETF-其他 | 0.64% | — | +9.01% | |
| 23 | ADP | Automatic Data Processing | 股票-科技 | 0.63% | — | +20.12% | |
| 24 | MO | Altria Group INC | 股票-非周期性消费 | 0.62% | — | +6.25% | |
| 25 | V | Visa Inc-class A Shares | 股票-金融 | 0.61% | — | -1.45% | |
| 26 | BLKCHF | Blackrock INC | 股票-其他 | 0.58% | — | +6.41% | |
| 27 | META | Meta Platforms Inc-class A | 股票-通信服务 | 0.56% | — | +3.03% | |
| 28 | AMZN | Amazon.com INC | 股票-周期性消费 | 0.56% | +0.07% | +3.43% | |
| 29 | XOM | Exxon Mobil CORP | 股票-能源 | 0.55% | — | +5.07% | |
| 30 | XLI | Ss Industrial Select Sector | ETF-其他 | 0.55% | +0.07% | +24.49% | |
| 31 | VFH | Vanguard Financials ETF | ETF-其他 | 0.55% | +0.08% | +23.67% | |
| 32 | UTXZ | United Tech CORP | 股票-其他 | 0.53% | — | +7.41% | |
| 33 | VIS | Vanguard Industrials ETF | ETF-其他 | 0.52% | +0.08% | +28.54% | |
| 34 | LLY | Eli Lilly & Co | 股票-医疗保健 | 0.51% | +0.05% | +3.72% | |
| 35 | CVX | Chevron CORP | 股票-能源 | 0.50% | — | +4.39% | |
| 36 | KO | Coca-cola Co/the | 股票-非周期性消费 | 0.49% | — | +7.47% | |
| 37 | MMM | 3m Co | 股票-工业 | 0.49% | — | -2.01% | |
| 38 | PG | Procter & Gamble Co/the | 股票-非周期性消费 | 0.49% | — | -3.73% | |
| 39 | KMI | Kinder Morgan INC | 股票-能源 | 0.48% | — | +11.73% | |
| 40 | MRK | Merck & Co. INC. | 股票-医疗保健 | 0.48% | — | -6.44% | |
| 41 | QCOM | Qualcomm INC | 股票-科技 | 0.48% | — | +0.11% | |
| 42 | T | At&t INC | 股票-通信服务 | 0.47% | +0.07% | +15.16% | |
| 43 | ABBV | Abbvie INC | 股票-医疗保健 | 0.47% | +0.14% | +31.53% | |
| 44 | XLP | Ss Consumer Staples Sel Sect | ETF-其他 | 0.46% | +0.06% | +24.85% | |
| 45 | HD | Home Depot INC | 股票-周期性消费 | 0.45% | — | +3.50% | |
| 46 | OXY | Occidental Petroleum CORP | 股票-能源 | 0.45% | +0.06% | +15.10% | |
| 47 | PAYX | Paychex INC | 股票-科技 | 0.44% | — | +5.33% | |
| 48 | PM | Philip Morris International | 股票-非周期性消费 | 0.44% | — | +0.57% | |
| 49 | LOW | Lowe's Cos INC | 股票-周期性消费 | 0.44% | — | +4.73% | |
| 50 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | ETF-投资级公司债 | 0.42% | +0.07% | +35.18% |
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 |
|---|---|---|---|---|
| 2015-06-30 | 4717 | US$1212.1亿 | 18 | |
| 2015-03-31 | 4726 | US$1137.7亿 | 25 | |
| 2014-12-31 | 4487 | US$1010.6亿 | 26 | |
| 2014-09-30 | 4431 | US$897.3亿 | 20 | |
| 2014-06-30 | 4389 | US$832.7亿 | 19 | |
| 2014-03-31 | 4390 | US$768.3亿 | 18 | |
| 2013-12-31 | 4341 | US$745.3亿 | 17 | |
| 2013-09-30 | 4274 | US$682.2亿 | 16 | |
| 2013-06-30 | 4268 | US$647.8亿 | 0 |
Managed Account Advisors LLC 在 2015-06-30 最显著的持仓异动： 清仓: Lorillard INC; 新建仓: ; 清仓: ; 新建仓: Monster Beverage CORP (MNST); 清仓: Monster Beverage Corporation (MNST).
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | AEP | American Electric Power Company, Inc. | +0.3% | +56.04% | 加仓 |
| 2 | MBB | Ishares Mbs ETF | +0.2% | +35.77% | 加仓 |
| 3 | IWM | Ishares Russell 2000 ETF | +0.2% | +340.60% | 加仓 |
| 4 | BIV | Vanguard Intermediate-term B | +0.2% | +36.81% | 加仓 |
| 5 | VUG | Vanguard Growth ETF | +0.2% | +21.30% | 加仓 |
| 6 | BSV | Vanguard Short-term Bond ETF | +0.2% | +30.33% | 加仓 |
| 7 | REYN | Reynolds Consumer Products Inc. | +0.2% | +70.67% | 加仓 |
| 8 | VTV | Vanguard Value ETF | +0.2% | +21.55% | 加仓 |
| 9 | DUK | Du Pont E I De Nemour&Co | +0.2% | +121.99% | 加仓 |
| 10 | IEI | Ishares 3-7 Year Treasury Bo | +0.1% | +36.41% | 加仓 |
| 11 | ABBV | Abbvie INC | +0.1% | +31.53% | 加仓 |
| 12 | UNP | Union Pacific CORP | +0.1% | +88.02% | 加仓 |
| 13 | XLV | Ss Health Care Select Sector | +0.1% | +23.32% | 加仓 |
| 14 | VGT | Vanguard Info Tech ETF | +0.1% | +20.29% | 加仓 |
| 15 | XLY | Ss Consumer Disc Select Sect | +0.1% | +23.06% | 加仓 |
| 16 | GOVT | Ishares US Treasury Bond ETF | +0.1% | +344.70% | 加仓 |
| 17 | HEDJ | Wisdomtree Europe Hedged Equ | +0.1% | +51.74% | 加仓 |
| 18 | EFA | Ishares Msci Eafe ETF | +0.1% | +18.53% | 加仓 |
| 19 | VFH | Vanguard Financials ETF | +0.1% | +23.67% | 加仓 |
| 20 | VIS | Vanguard Industrials ETF | +0.1% | +28.54% | 加仓 |
| 21 | VDE | Vanguard Energy ETF | +0.1% | +43.22% | 加仓 |
| 22 | MOS | Mosaic Co/the | +0.1% | +61.48% | 加仓 |
| 23 | DXJ | Wisdomtree Japan Hedged Eq | +0.1% | +43.89% | 加仓 |
| 24 | JPM | Jpmorgan Chase & Co | +0.1% | +2.27% | 加仓 |
| 25 | T | At&t INC | +0.1% | +15.16% | 加仓 |
| 26 | AMZN | Amazon.com INC | +0.1% | +3.43% | 加仓 |
| 27 | XLI | Ss Industrial Select Sector | +0.1% | +24.49% | 加仓 |
| 28 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | +0.1% | +35.18% | 加仓 |
| 29 | IVV | Ishares Core S&p 500 ETF | +0.1% | +30.26% | 加仓 |
| 30 | XLP | Ss Consumer Staples Sel Sect | +0.1% | +24.85% | 加仓 |
| 31 | OXY | Occidental Petroleum CORP | +0.1% | +15.10% | 加仓 |
| 32 | PCYUSD | Invesco Emerging Markets Sov | +0.1% | +37.57% | 加仓 |
| 33 | QNDX | State Street SPDR Portfolio Nasdaq 100 ETF | +0.1% | +35.53% | 加仓 |
| 34 | TIP | Ishares Tips Bond ETF | +0.1% | +32.55% | 加仓 |
| 35 | LLY | Eli Lilly & Co | +0.1% | +3.72% | 加仓 |
| 36 | HAS | Hasbro INC | +0.1% | +4.67% | 加仓 |
| 37 | WFC | Wells Fargo & Co | 0% | +5.54% | 加仓 |
| 38 | TWTRUSD | Twitter INC | -0.1% | -59.59% | 减仓 |
| 39 | BIIB | Biogen INC | -0.1% | -18.42% | 减仓 |
| 40 | ✓ | -0.1% | -93.29% | 减仓 | |
| 41 | KHC | The Kraft Heinz Company | -0.1% | -25.83% | 减仓 |
| 42 | SCHD | Schwab US Dvd Equity ETF | -0.2% | -99.96% | 减仓 |
| 43 | BA | Boeing Co/the | -0.2% | -59.42% | 减仓 |
| 44 | ✓ | Lorillard INC | — | EXIT | 清仓 |
| 45 | ✓ | — | NEW | 新建仓 | |
| 46 | ✓ | — | EXIT | 清仓 | |
| 47 | MNST | Monster Beverage CORP | — | NEW | 新建仓 |
| 48 | MNST | Monster Beverage Corporation | — | EXIT | 清仓 |
| 49 | ✓ | — | EXIT | 清仓 | |
| 50 | UNIT | Uniti Group Inc. | — | NEW | 新建仓 |
| 季度 | 申报日期 | 类型 | EDGAR |
|---|---|---|---|
| 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 | 2015-02-13 | 13F-HR | 在 EDGAR 上查看 |
| 2014-09-30 | 2014-11-17 | 13F-HR | 在 EDGAR 上查看 |
| 2014-06-30 | 2014-08-14 | 13F-HR | 在 EDGAR 上查看 |
| 2014-03-31 | 2014-05-15 | 13F-HR | 在 EDGAR 上查看 |
| 2013-12-31 | 2014-02-13 | 13F-HR | 在 EDGAR 上查看 |
| 2013-09-30 | 2013-11-05 | 13F-HR | 在 EDGAR 上查看 |
| 2013-06-30 | 2013-08-14 | 13F-HR | 在 EDGAR 上查看 |
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