巴菲特2025年第三季度大幅減持D.R.霍頓的可能動機

環球市場播報

2025/12/24

　　D.R．霍頓（D.R． Horton， DHI）

　　Q3減持金額：1.99億美元

　　現狀：已完全清倉

　　背景：2023年Q3買入，押注住房需求復甦；但2024年下半年以來，即便利率下降，地產股也未見強勁反彈。

　　動機：及時止損+戰術撤退。減持後DHI股價繼續下滑，再次體現巴菲特「不戀戰」的紀律性。

海量資訊、精準解讀，盡在新浪財經APP

責任編輯：張俊 SF065

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src=\"\"/></div>\n<div>海量資訊、精準解讀，盡在新浪財經APP</div>\n</div>\n<p>責任編輯：張俊 SF065</p>\n</div></body></html>\n<div class=\"bt-text\">\n\n\n<p> 來源：<a href=\"https://finance.sina.com.cn/stock/usstock/c/2025-12-24/doc-inhcvmix6470372.shtml\">環球市場播報</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BWXC8680.SGD","symbol_name":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","start_time":0,"source_url":"https://finance.sina.com.cn/stock/usstock/c/2025-12-24/doc-inhcvmix6470372.shtml","article_id":"2593411276","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2593411276","pubTimestamp":1766506920,"columns":[],"sourceInfo":{"source_id":"sina","name":"sina"},"weMediaInfo":null,"summary":"D.R． 霍頓（D.R． Horton， 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