CIK: 0001418660
申報總市值
US$1212.1億
申報季度: 2015-06-30 · 持股檔數: 4717
MANAGED ACCOUNT ADVISORS LLC在最新一期 13F 報告中揭露了 4717 項持股，申報期為 2015-06-30，總持股市值約為 US$1212.1億，季度換手率為 18.1%。
Managed Account Advisors LLC 目前揭露的持股，Herfindahl 集中度指數為 0.004——換算下來相當於約 276 個等權重部位，明顯低於其實際揭露的 4717 檔持股。這個落差顯示該機構的策略偏向集中在少數高信心部位，而非廣泛分散。
整體部位大小差異頗大（變異係數為 3.16），除了少數重倉部位外，還有許多規模較小的持股。
最新申報季度中，並未觀察到明顯偏向加碼既有大部位或大舉建立新部位的傾向。
目前產業板塊分類約涵蓋此投資組合揭露價值的 30%；其餘部分（例如未對應板塊的標的、選擇權或其他證券類型）尚未納入板塊分類範圍。
加碼 AEP
+56.0% US$4.2億
加碼 MBB
+35.8% US$3.7億
減碼 SCHD
-100.0% -US$2.7億
減碼 BA
-59.4% -US$2.5億
加碼 IWM
+340.6% US$2.7億
加碼 BIV
+36.8% US$3.0億
Managed Account Advisors 这季看似按兵不动，持股摊销到3000档以上，但其实主力正在用ETF偷偷调整资产配方：一边加码债券ETF与成长股指，一边甩掉旧有持股，这种「用被动指数当掩护、偷渡主动判断」的操作手法，分明是在卡位利率见顶前的最后一段资金行情。
他们这局棋赌的是美国经济软着陆，Fed升息速度不及预期，所以同时抱紧中期债券ETF和成长类股，试图赚取殖利率曲线走平下的资本利得与利息收入。胜败手完全卡在就业与通胀数据——一旦过热逼Fed加速收紧，这支分散策略的债券与成长部位会被两面夹杀，沦为杀估值的首要标靶。
虽然组合极度分散，但新增筹码恰恰是市场上最拥挤的标的：AEP、VUG、BIV全是过去一季资金集中簇拥的方向。一旦市场情绪逆转，这些被动式ETF的追价盘会最先溃散，届时多杀多压力不在冷门股，反而在这些「看似安全」的流行仓位身上引爆。
本敘事由 AI 根據公開申報資料生成，僅描述過去活動，僅供參考，非投資建議。
僅顯示前 200 大持股（共 4717 檔）
| # | 代號 | 標的名稱 | 資產子類別 | 佔比 | 佔比變動 | 持倉量變化 | 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-公用事業 | 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-通訊服務 | 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-醫療保健 | 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-醫療保健 | 0.68% | — | +6.08% | |
| 19 | INTC | Intel CORP | 股票-科技 | 0.67% | — | +9.59% | |
| 20 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.67% | — | +0.44% | |
| 21 | IEI | Ishares 3-7 Year Treasury Bo | ETF-政府公債 | 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-非循環性消費 | 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-通訊服務 | 0.56% | — | +3.03% | |
| 28 | AMZN | Amazon.com INC | 股票-循環性消費 | 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-醫療保健 | 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-非循環性消費 | 0.49% | — | +7.47% | |
| 37 | MMM | 3m Co | 股票-工業 | 0.49% | — | -2.01% | |
| 38 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.49% | — | -3.73% | |
| 39 | KMI | Kinder Morgan INC | 股票-能源 | 0.48% | — | +11.73% | |
| 40 | MRK | Merck & Co. INC. | 股票-醫療保健 | 0.48% | — | -6.44% | |
| 41 | QCOM | Qualcomm INC | 股票-科技 | 0.48% | — | +0.11% | |
| 42 | T | At&t INC | 股票-通訊服務 | 0.47% | +0.07% | +15.16% | |
| 43 | ABBV | Abbvie INC | 股票-醫療保健 | 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-循環性消費 | 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-非循環性消費 | 0.44% | — | +0.57% | |
| 49 | LOW | Lowe's Cos INC | 股票-循環性消費 | 0.44% | — | +4.73% | |
| 50 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | ETF-投資等級公司債 | 0.42% | +0.07% | +35.18% |
可定價持股資料尚不足以計算績效
| 季度 | 持股檔數 | 總市值 | 穩定性 | 主要持股 |
|---|---|---|---|---|
| 2015-06-30 | 4717 | US$1212.1億 | 18 | |
| 2015-03-31 | 4726 | US$1137.7億 | 25 | |
| 2014-12-31 | 4487 | US$1010.6億 | 26 | |
| 2014-09-30 | 4431 | US$897.3億 | 20 | |
| 2014-06-30 | 4389 | US$832.7億 | 19 | |
| 2014-03-31 | 4390 | US$768.3億 | 18 | |
| 2013-12-31 | 4341 | US$745.3億 | 17 | |
| 2013-09-30 | 4274 | US$682.2億 | 16 | |
| 2013-06-30 | 4268 | US$647.8億 | 0 |
Managed Account Advisors LLC 在 2015-06-30 最顯著的持倉異動： 清倉: Lorillard INC; 新建倉: ; 清倉: ; 新建倉: Monster Beverage CORP (MNST); 清倉: Monster Beverage Corporation (MNST).
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | AEP | American Electric Power Company, Inc. | +0.3% | +56.04% | 加碼 |
| 2 | MBB | Ishares Mbs ETF | +0.2% | +35.77% | 加碼 |
| 3 | IWM | Ishares Russell 2000 ETF | +0.2% | +340.60% | 加碼 |
| 4 | BIV | Vanguard Intermediate-term B | +0.2% | +36.81% | 加碼 |
| 5 | VUG | Vanguard Growth ETF | +0.2% | +21.30% | 加碼 |
| 6 | BSV | Vanguard Short-term Bond ETF | +0.2% | +30.33% | 加碼 |
| 7 | REYN | Reynolds Consumer Products Inc. | +0.2% | +70.67% | 加碼 |
| 8 | VTV | Vanguard Value ETF | +0.2% | +21.55% | 加碼 |
| 9 | DUK | Du Pont E I De Nemour&Co | +0.2% | +121.99% | 加碼 |
| 10 | IEI | Ishares 3-7 Year Treasury Bo | +0.1% | +36.41% | 加碼 |
| 11 | ABBV | Abbvie INC | +0.1% | +31.53% | 加碼 |
| 12 | UNP | Union Pacific CORP | +0.1% | +88.02% | 加碼 |
| 13 | XLV | Ss Health Care Select Sector | +0.1% | +23.32% | 加碼 |
| 14 | VGT | Vanguard Info Tech ETF | +0.1% | +20.29% | 加碼 |
| 15 | XLY | Ss Consumer Disc Select Sect | +0.1% | +23.06% | 加碼 |
| 16 | GOVT | Ishares US Treasury Bond ETF | +0.1% | +344.70% | 加碼 |
| 17 | HEDJ | Wisdomtree Europe Hedged Equ | +0.1% | +51.74% | 加碼 |
| 18 | EFA | Ishares Msci Eafe ETF | +0.1% | +18.53% | 加碼 |
| 19 | VFH | Vanguard Financials ETF | +0.1% | +23.67% | 加碼 |
| 20 | VIS | Vanguard Industrials ETF | +0.1% | +28.54% | 加碼 |
| 21 | VDE | Vanguard Energy ETF | +0.1% | +43.22% | 加碼 |
| 22 | MOS | Mosaic Co/the | +0.1% | +61.48% | 加碼 |
| 23 | DXJ | Wisdomtree Japan Hedged Eq | +0.1% | +43.89% | 加碼 |
| 24 | JPM | Jpmorgan Chase & Co | +0.1% | +2.27% | 加碼 |
| 25 | T | At&t INC | +0.1% | +15.16% | 加碼 |
| 26 | AMZN | Amazon.com INC | +0.1% | +3.43% | 加碼 |
| 27 | XLI | Ss Industrial Select Sector | +0.1% | +24.49% | 加碼 |
| 28 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | +0.1% | +35.18% | 加碼 |
| 29 | IVV | Ishares Core S&p 500 ETF | +0.1% | +30.26% | 加碼 |
| 30 | XLP | Ss Consumer Staples Sel Sect | +0.1% | +24.85% | 加碼 |
| 31 | OXY | Occidental Petroleum CORP | +0.1% | +15.10% | 加碼 |
| 32 | PCYUSD | Invesco Emerging Markets Sov | +0.1% | +37.57% | 加碼 |
| 33 | QNDX | State Street SPDR Portfolio Nasdaq 100 ETF | +0.1% | +35.53% | 加碼 |
| 34 | TIP | Ishares Tips Bond ETF | +0.1% | +32.55% | 加碼 |
| 35 | LLY | Eli Lilly & Co | +0.1% | +3.72% | 加碼 |
| 36 | HAS | Hasbro INC | +0.1% | +4.67% | 加碼 |
| 37 | WFC | Wells Fargo & Co | 0% | +5.54% | 加碼 |
| 38 | TWTRUSD | Twitter INC | -0.1% | -59.59% | 減碼 |
| 39 | BIIB | Biogen INC | -0.1% | -18.42% | 減碼 |
| 40 | ✓ | -0.1% | -93.29% | 減碼 | |
| 41 | KHC | The Kraft Heinz Company | -0.1% | -25.83% | 減碼 |
| 42 | SCHD | Schwab US Dvd Equity ETF | -0.2% | -99.96% | 減碼 |
| 43 | BA | Boeing Co/the | -0.2% | -59.42% | 減碼 |
| 44 | ✓ | Lorillard INC | — | EXIT | 清倉 |
| 45 | ✓ | — | NEW | 新建倉 | |
| 46 | ✓ | — | EXIT | 清倉 | |
| 47 | MNST | Monster Beverage CORP | — | NEW | 新建倉 |
| 48 | MNST | Monster Beverage Corporation | — | EXIT | 清倉 |
| 49 | ✓ | — | EXIT | 清倉 | |
| 50 | UNIT | Uniti Group Inc. | — | NEW | 新建倉 |
| 季度 | 申報日期 | 類型 | 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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