申报总市值
US$568.7亿
申报季度: 2016-03-31 · 持股只数: 11009
RUSSELL FRANK CO/在最新一期 13F 报告中披露了 11009 项持股，申报期为 2016-03-31，总持股市值约为 US$568.7亿，季度换手率为 23.7%。
减仓 WFC
-11.9% -US$1.8亿
减仓 AMZN
-14.0% -US$1.3亿
减仓 DIS
-27.7% -US$1.1亿
加仓 T
+27.2% US$1.1亿
减仓 NKE
-29.1% -US$8527.8万
减仓 V
-13.0% -US$8081.3万
RUSSELL FRANK本季就是典型的換手防禦盤——大砍富國銀行、亞馬遜、迪士尼這些過去的核心持股，只留電信老牌AT&T，還對CB（安達保險）玩一手新買又出清的擦邊球。這齣戲根本不是加碼減碼的節奏，而是趁市場還在瘋成長股，趁機把高估的燙手山芋丟給散戶，自己先卡位升息題材下的高股息防禦區。
他們賭的是Fed緩步升息、資金由成長轉向價值的拐點。2016年第一季全球動盪，油價破底，市場避險情緒高漲，RUSSELL FRANK重押金融、醫療和電信，就是在賭低利率環境下穩定現金流資產的補漲行情，勝負手在於防禦股能否真的撐住下半年的波動，而不是被殺估值拖下水。
這套策略的罩門在於過度分散——近三千檔持股，前十大動作也只動了零點幾個百分點，等於每張牌都打得很輕，根本無法靠重壓創造超額回報。如果下半年資金突然反彈衝向科技成長股，他們砍掉的AMZN、DIS反而會暴衝，而加碼的T可能只有股息行情，股價完全趴在地上，到時候不是防禦，是直接被Beta屠殺掃出場。
本摘要由 AI 根据 SEC 公开申报资料生成，仅反映历史持仓，不构成买卖建议。
仅显示前 2960 大持股（共 11009 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 | MSFT | Microsoft CORP | 股票-科技 | 1.42% | — | -0.82% | |
| 2 | JNJ | Johnson & Johnson | 股票-医疗保健 | 1.23% | — | -4.45% | |
| 3 | WFC | Wells Fargo & Co | 股票-金融 | 1.09% | -0.30% | -11.91% | |
| 4 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 1.06% | +0.09% | -5.67% | |
| 5 | PFE | Pfizer INC | 股票-医疗保健 | 0.99% | — | +4.67% | |
| 6 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.94% | — | +9.69% | |
| 7 | GOOG | Alphabet Inc-cl C | 股票-通信服务 | 0.91% | +0.10% | +15.51% | |
| 8 | ORCL | Oracle CORP | 股票-科技 | 0.89% | — | -2.63% | |
| 9 | C | Citigroup INC | 股票-金融 | 0.84% | -0.10% | +11.13% | |
| 10 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 0.81% | -0.07% | -4.63% | |
| 11 | V | Visa Inc-class A Shares | 股票-金融 | 0.80% | -0.14% | -12.98% | |
| 12 | PG | Procter & Gamble Co/the | 股票-非周期性消费 | 0.70% | — | +7.58% | |
| 13 | MDT | Medtronic plc | 股票-医疗保健 | 0.70% | — | -1.22% | |
| 14 | BAC | Bank Of America CORP | 股票-金融 | 0.69% | -0.08% | +11.61% | |
| 15 | AMZN | Amazon.com INC | 股票-周期性消费 | 0.66% | -0.22% | -14.03% | |
| 16 | HON | Honeywell International INC | 股票-工业 | 0.62% | — | -2.67% | |
| 17 | T | At&t INC | 股票-通信服务 | 0.61% | +0.19% | +27.18% | |
| 18 | META | Meta Platforms Inc-class A | 股票-通信服务 | 0.61% | — | -7.84% | |
| 19 | SPG | Simon Property Group INC | 股票-房地产 | 0.61% | — | -10.05% | |
| 20 | PEP | Pepsico INC | 股票-非周期性消费 | 0.60% | — | +9.45% | |
| 21 | INTC | Intel CORP | 股票-科技 | 0.59% | — | +0.86% | |
| 22 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.55% | +0.07% | +8.54% | |
| 23 | PM | Philip Morris International | 股票-非周期性消费 | 0.50% | — | +1.55% | |
| 24 | MRK | Merck & Co. INC. | 股票-医疗保健 | 0.50% | — | -9.96% | |
| 25 | CMCSA | Comcast Corp-class A | 股票-通信服务 | 0.50% | — | +1.97% | |
| 26 | VZ | Verizon Communications INC | 股票-通信服务 | 0.50% | +0.08% | +0.75% | |
| 27 | XOM | Exxon Mobil CORP | 股票-能源 | 0.48% | — | -14.63% | |
| 28 | STT | State Street CORP | 股票-金融 | 0.46% | — | +5.22% | |
| 29 | CSCO | Cisco Systems INC | 股票-科技 | 0.44% | — | -1.33% | |
| 30 | NEE | Nextera Energy INC | 股票-公用事业 | 0.43% | — | -0.90% | |
| 31 | UNH | Unitedhealth Group INC | 股票-医疗保健 | 0.42% | — | +0.29% | |
| 32 | ELV | Elevance Health INC | 股票-医疗保健 | 0.42% | — | -0.93% | |
| 33 | TD | Toronto-dominion Bank | 股票-金融 | 0.41% | — | -3.66% | |
| 34 | DIS | Walt Disney Co/the | 股票-通信服务 | 0.40% | -0.19% | -27.74% | |
| 35 | CNI | Canadian Natl Railway Co | 股票-工业 | 0.40% | — | -12.43% | |
| 36 | WMT | Walmart INC | 股票-非周期性消费 | 0.40% | — | +3.86% | |
| 37 | AEP | American Electric Power Company, Inc. | 股票-公用事业 | 0.39% | — | +4.88% | |
| 38 | RY | Royal Bank Of Canada | 股票-金融 | 0.38% | — | -2.41% | |
| 39 | KO | Coca-cola Co/the | 股票-非周期性消费 | 0.37% | — | -18.11% | |
| 40 | SLB | Slb LTD | 股票-能源 | 0.36% | — | -8.65% | |
| 41 | MCD | Mcdonald's CORP | 股票-周期性消费 | 0.36% | +0.09% | +24.91% | |
| 42 | MO | Altria Group INC | 股票-非周期性消费 | 0.36% | +0.08% | +19.51% | |
| 43 | ✓ | 股票-其他 | 0.36% | — | +3.86% | ||
| 44 | CVX | Chevron CORP | 股票-能源 | 0.35% | +0.09% | +25.76% | |
| 45 | TMO | Thermo Fisher Scientific INC | 股票-医疗保健 | 0.35% | — | +2.26% | |
| 46 | AIG | American International Group | 股票-金融 | 0.34% | -0.08% | -6.07% | |
| 47 | MA | Mastercard INC - A | 股票-金融 | 0.34% | -0.11% | -21.35% | |
| 48 | ACN | Accenture plc | 股票-科技 | 0.34% | — | -12.33% | |
| 49 | TWXCHF | Time Warner INC | 股票-其他 | 0.34% | — | -2.83% | |
| 50 | NKE | Nike INC -cl B | 股票-周期性消费 | 0.33% | -0.15% | -29.08% |
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 |
|---|---|---|---|---|
| 2016-03-31 | 11009 | US$568.7亿 | 24 | |
| 2015-12-31 | 10908 | US$572.5亿 | 30 | |
| 2015-09-30 | 11180 | US$535.7亿 | 27 | |
| 2015-06-30 | 13815 | US$623.4亿 | 27 | |
| 2015-03-31 | 10883 | US$544.9亿 | 25 | |
| 2014-12-31 | 10907 | US$571.9亿 | 24 | |
| 2014-09-30 | 10938 | US$562.7亿 | 21 | |
| 2014-06-30 | 10941 | US$573.2亿 | 23 | |
| 2014-03-31 | 11046 | US$567.6亿 | 23 | |
| 2013-12-31 | 10976 | US$544.3亿 | 23 | |
| 2013-09-30 | 13247 | US$568.6亿 | 21 | |
| 2013-06-30 | 12749 | US$545.8亿 | 0 |
Russell Frank Co/ 在 2016-03-31 最显著的持仓异动： 新建仓: Chubb Limited (CB); 清仓: Chubb Limited (CB); 新建仓: Broadcom Inc. (AVGO); 清仓: Chubb Limited (CB); 清仓: Broadcom Inc. (AVGO).
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | T | At&t INC | +0.2% | +27.18% | 加仓 |
| 2 | PXDEUR | Pioneer Natural Resources Co | +0.1% | +539.28% | 加仓 |
| 3 | GOOG | Alphabet Inc-cl C | +0.1% | +15.51% | 加仓 |
| 4 | DUK | Duke Energy CORP | +0.1% | +78.56% | 加仓 |
| 5 | ESS | Essex Property Trust INC | +0.1% | +208.02% | 加仓 |
| 6 | CVX | Chevron CORP | +0.1% | +25.76% | 加仓 |
| 7 | MCD | Mcdonald's CORP | +0.1% | +24.91% | 加仓 |
| 8 | TSM | Taiwan Semiconductor-sp Adr | +0.1% | -5.67% | 减仓 |
| 9 | SO | Southern Co/the | +0.1% | +155.10% | 加仓 |
| 10 | MO | Altria Group INC | +0.1% | +19.51% | 加仓 |
| 11 | VZ | Verizon Communications INC | +0.1% | +0.75% | 加仓 |
| 12 | BRK-B | Berkshire Hathaway Inc-cl B | +0.1% | +8.54% | 加仓 |
| 13 | CX | Cemex Sab-spons Adr Part Cer | +0.1% | +63.88% | 加仓 |
| 14 | CMG | Chipotle Mexican Grill INC | +0.1% | +2761.21% | 加仓 |
| 15 | MPC | Marathon Petroleum CORP | -0.1% | -12.76% | 减仓 |
| 16 | VEU | Vanguard Ftse All-world Ex-u | -0.1% | -73.59% | 减仓 |
| 17 | COP | Conocophillips | -0.1% | -46.67% | 减仓 |
| 18 | TJX | Tjx Companies INC | -0.1% | -28.22% | 减仓 |
| 19 | GILD | Gilead Sciences INC | -0.1% | -12.15% | 减仓 |
| 20 | EQR | Equity Residential | -0.1% | -19.45% | 减仓 |
| 21 | GOOGL | Alphabet Inc-cl A | -0.1% | -4.63% | 减仓 |
| 22 | BAC | Bank Of America CORP | -0.1% | +11.61% | 加仓 |
| 23 | BKNG | Booking Hldgs INC | -0.1% | -24.25% | 减仓 |
| 24 | APC3EUR | Anadarko Petroleum CORP | -0.1% | -37.32% | 减仓 |
| 25 | CL | Colgate-palmolive Co | -0.1% | -23.37% | 减仓 |
| 26 | AIG | American International Group | -0.1% | -6.07% | 减仓 |
| 27 | HDB | Hdfc Bank Ltd-adr | -0.1% | -24.53% | 减仓 |
| 28 | HD | Home Depot INC | -0.1% | -19.32% | 减仓 |
| 29 | MCO | Moody's CORP | -0.1% | -22.24% | 减仓 |
| 30 | UBS | UBS Group AG | -0.1% | -4.81% | 减仓 |
| 31 | AMGN | Amgen INC | -0.1% | -18.33% | 减仓 |
| 32 | C | Citigroup INC | -0.1% | +11.13% | 加仓 |
| 33 | USB | US Bancorp | -0.1% | -25.27% | 减仓 |
| 34 | MA | Mastercard INC - A | -0.1% | -21.35% | 减仓 |
| 35 | UTXZ | United Tech CORP | -0.1% | -28.79% | 减仓 |
| 36 | BDX | Becton Dickinson And Co | -0.1% | -37.05% | 减仓 |
| 37 | TEVA | Teva Pharmaceutical-sp Adr | -0.1% | -12.65% | 减仓 |
| 38 | MDLZ | Mondelez International Inc-a | -0.1% | -21.62% | 减仓 |
| 39 | V | Visa Inc-class A Shares | -0.1% | -12.98% | 减仓 |
| 40 | SBUX | Starbucks CORP | -0.1% | -35.65% | 减仓 |
| 41 | NKE | Nike INC -cl B | -0.2% | -29.08% | 减仓 |
| 42 | DIS | Walt Disney Co/the | -0.2% | -27.74% | 减仓 |
| 43 | AMZN | Amazon.com INC | -0.2% | -14.03% | 减仓 |
| 44 | WFC | Wells Fargo & Co | -0.3% | -11.91% | 减仓 |
| 45 | CB | Chubb Limited | — | NEW | 新建仓 |
| 46 | CB | Chubb Limited | — | EXIT | 清仓 |
| 47 | AVGO | Broadcom Inc. | — | NEW | 新建仓 |
| 48 | CB | Chubb Limited | — | EXIT | 清仓 |
| 49 | AVGO | Broadcom Inc. | — | EXIT | 清仓 |
| 50 | WTW | Willis Towers Watson Public Limited Company | — | NEW | 新建仓 |
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