https://fund.890214.net/tags/%E6%9C%88%E6%8A%A5/Recent content in 月报 on Buffett ResearchHugozh-CNWed, 01 Apr 2026 10:00:00 +0800https://fund.890214.net/research/monthly-202604/Wed, 01 Apr 2026 10:00:00 +0800https://fund.890214.net/research/monthly-202604/<h2 id="一组合总览">一、组合总览</h2> <p><strong>总组合规模</strong>：约 $32,000 <strong>报告周期</strong>：2026年3月</p> <h3 id="基准对比">基准对比</h3> <ul> <li>标普500：6528.52，月跌 <strong>-5.13%</strong>（Yahoo Finance，截至2026-03-31收盘）</li> <li>恒生指数：25273.50，月跌 <strong>-3.02%</strong></li> </ul> <h3 id="持仓月度表现">持仓月度表现</h3> <p><strong>美股</strong></p> <table> <thead> <tr> <th>标的</th> <th>现价</th> <th style="text-align: right">月涨跌</th> <th>备注</th> </tr> </thead> <tbody> <tr> <td>PDD 拼多多</td> <td>$102.18</td> <td style="text-align: right">-0.62%</td> <td>跑赢标普</td> </tr> <tr> <td>ORCL 甲骨文</td> <td>$147.11</td> <td style="text-align: right">-1.43%</td> <td>跑赢标普</td> </tr> <tr> <td>MSFT 微软</td> <td>$370.17</td> <td style="text-align: right">-7.12%</td> <td>略弱于标普</td> </tr> <tr> <td>CEG 星座能源</td> <td>$279.25</td> <td style="text-align: right">-14.53%</td> <td>大幅跑输</td> </tr> <tr> <td>ALLW</td> <td>$28.85</td> <td style="text-align: right">-3.77%</td> <td>小市值波动</td> </tr> </tbody> </table> <p><strong>港股</strong></p> <table> <thead> <tr> <th>标的</th> <th>现价(HKD)</th> <th style="text-align: right">月涨跌</th> <th>备注</th> </tr> </thead> <tbody> <tr> <td>3690 美团</td> <td>82.10</td> <td style="text-align: right">+6.07%</td> <td>唯一正收益</td> </tr> <tr> <td>2313 申洲国际</td> <td>47.58</td> <td style="text-align: right">-23.07%</td> <td>关税直接受害</td> </tr> <tr> <td>1810 小米</td> <td>31.92</td> <td style="text-align: right">-3.68%</td> <td>轻微回调</td> </tr> <tr> <td>0772 阅文集团</td> <td>26.06</td> <td style="text-align: right">-13.88%</td> <td>回调明显</td> </tr> <tr> <td>0600 爱芯元智</td> <td>19.21</td> <td style="text-align: right">-31.83%</td> <td>重挫</td> </tr> </tbody> </table> <p>组合整体3月估计回撤约 <strong>-8%至-10%</strong>，受申洲（-23%）和爱芯元智（-32%）拖累严重。</p>