当市场还在用“中概股整体修复”这一宏大而模糊的叙事来概括 2026 年前后的投资逻辑时,一份来自高瓴资本的 13F 持仓报告,却如同平静湖面下投掷的一颗深水炸弹,给出了完全不同的答案。在 2025 年第四季度这份至关重要的窗口期报告中,高瓴选择逆势增持阿里巴巴与拼多多,同时坚决清仓百度。这一操作并非简单的个股偏好变化,也不是基于短期财报波动的战术调整,而是一种更深层的结构性表态:在 AI 时代进入...
Source Link当市场还在用“中概股整体修复”这一宏大而模糊的叙事来概括 2026 年前后的投资逻辑时,一份来自高瓴资本的 13F 持仓报告,却如同平静湖面下投掷的一颗深水炸弹,给出了完全不同的答案。在 2025 年第四季度这份至关重要的窗口期报告中,高瓴选择逆势增持阿里巴巴与拼多多,同时坚决清仓百度。这一操作并非简单的个股偏好变化,也不是基于短期财报波动的战术调整,而是一种更深层的结构性表态:在 AI 时代进入...
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