13F 申报指南13F 概念全攻略
什么是 SEC Form 13F 申报？美股机构大户持股全攻略
完整解读 Form 13F 申报规范、1 亿美元门槛与 45 天延迟申报机制，学会如何追踪顶级对冲基金与机构法人持仓动向。
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CIK: 0000009015
申报总市值
US$56.4亿
US$56.4亿
171 檔
51.3%
Q3 2025 季度申报显示，Barings LLC 披露的美股组合总市值为 US$56.4亿，涵盖 171 个不同之权益投资仓位。
在 Q3 2025，Barings LLC 操作展现出积极扩展与加仓意向。本季共新建仓 11 个新仓位，并对 16 个既有持股进行加仓（合计增持 27 档），相较减仓与清仓仓位显著占优。
在资产配置集中度方面，Barings LLC 的前 5 大核心持股（包含 IVV, QQQ, IWO 等）合计占整体申报市值的 51.3%，反映机构在主要关键仓位上的权重分布。
本季最大新建仓标的
JAAA
市值: US$3.0亿
本季最大获利了结 / 清仓标的
QUAL
前期市值: US$4913.8万
| # | 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 | IVV | Ishares Core S&p 500 ETF | ETF-大型股与成长 | 20.35% | +6.01% | +1.14% | |
| 2 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 10.20% | +3.17% | +0.11% | |
| 3 | IWO | Ishares Russell 2000 Growth | ETF-中小型股 | 9.89% | +3.22% | -2.78% | |
| 4 | VCSH | Vanguard S/t CORP Bond ETF | ETF-投资级公司债 | 7.77% | +0.62% | — | |
| 5 | IGSB | Ishares 1-5y Inv Grade CORP | ETF-其他 | 6.91% | +0.56% | — | |
| 6 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | ETF-投资级公司债 | 5.88% | -9.90% | +3764.27% | |
| 7 | JAAA | Janus Henderson Aaa Clo ETF | ETF-其他 | 5.80% | -6.10% | — | |
| 8 | BBDC | Barings Bdc Inc | 股票-其他 | 2.27% | +0.25% | — | |
| 9 | VT | Vanguard Tot World Stk ETF | ETF-其他 | 2.13% | +0.11% | +2.74% | |
| 10 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股与成长 | 1.46% | +0.02% | +28.44% | |
| 11 | PDD | Pdd Holdings Inc | 股票-周期性消费 | 1.36% | -0.27% | +11.48% | |
| 12 | IEF | Ishares 7-10 Year Treasury B | ETF-政府公债 | 1.16% | +0.03% | -1.73% | |
| 13 | HLF 4.25 06-15-28债券 | Herbalife LTD | 债券 | 1.09% | +0.12% | +62.75% | |
| 14 | URTH | Ishares Msci World ETF | ETF-其他 | 1.08% | +0.14% | -13.12% | |
| 15 | WPM | Wheaton Precious Metals CORP | 股票-原材料 | 0.95% | -0.07% | +1.80% | |
| 16 | AU | AngloGold Ashanti plc | 股票-原材料 | 0.90% | -0.01% | -1.03% | |
| 17 | ARX | Accelerant Holdings | 股票-其他 | 0.88% | -0.07% | — | |
| 18 | IVW | Ishares S&p 500 Growth ETF | ETF-大型股与成长 | 0.85% | — | +51.87% | |
| 19 | USHY | Ishares Broad Usd High Yield | ETF-非投资级债 | 0.85% | -0.16% | +165.54% | |
| 20 | FLOT | Ishares Floating Rate Bond E | ETF-其他 | 0.76% | +0.07% | — | |
| 21 | SE | Sea Ltd-adr | 股票-通信服务 | 0.71% | +0.09% | -8.79% | |
| 22 | IEV | Ishares Europe ETF | ETF-其他 | 0.71% | -0.50% | -21.72% | |
| 23 | PSN 2.625 03-01-29债券 | Parsons CORP | 债券 | 0.65% | +0.35% | +0.44% | |
| 24 | CRH | CRH plc | 股票-原材料 | 0.64% | +0.05% | -3.78% | |
| 25 | IGV | Ishares Expanded Tech-softwa | ETF-科技型 | 0.59% | -0.31% | EXIT | |
| 26 | EEM | Ishares Msci Emerging Market | ETF-新兴市场 | 0.54% | -0.11% | -6.51% | |
| 27 | NU | Nu Holdings Ltd. | 股票-金融 | 0.48% | +0.10% | +10.20% | |
| 28 | DYNF | Ishrs US E F R A Etf-usd Inc | ETF-其他 | 0.48% | +0.47% | — | |
| 29 | SABHLD 7.32 08-01-26债券 | Sabre Glbl Inc | 债券 | 0.44% | +0.03% | +0.46% | |
| 30 | VOO | Vanguard S&p 500 ETF | ETF-大型股与成长 | 0.41% | +0.09% | — | |
| 31 | AON | Aon plc | 股票-金融 | 0.40% | +0.03% | +1240.97% | |
| 32 | HDB | Hdfc Bank Ltd-adr | 股票-金融 | 0.39% | +0.03% | +100.11% | |
| 33 | ONC | Beone Medicines Ltd-adr | 股票-其他 | 0.36% | +0.01% | — | |
| 34 | UNIT 7.5 12-01-27债券 | Uniti Group Inc | 债券 | 0.34% | -0.03% | — | |
| 35 | QGEN | Qiagen N.V. | 股票-医疗保健 | 0.34% | — | — | |
| 36 | EMBD | Global X Emerging Markets Bd | ETF-新兴市场 | 0.31% | +0.02% | -0.51% | |
| 37 | EWJ | Ishares Msci Japan ETF | ETF-其他 | 0.30% | +0.01% | — | |
| 38 | SU | Suncor Energy Inc | 股票-能源 | 0.28% | +0.05% | — | |
| 39 | CVX | Chevron CORP | 股票-能源 | 0.27% | -0.05% | +107.30% | |
| 40 | LIN | Linde plc | 股票-原材料 | 0.26% | +0.01% | -7.97% | |
| 41 | EOSE | Eos Energy Enterprises Inc | 股票-其他 | 0.26% | +0.03% | — | |
| 42 | CTGO | Contango Silver & Gold Inc | 股票-其他 | 0.23% | -0.01% | — | |
| 43 | XOM | Exxon Mobil CORP | 股票-能源 | 0.22% | -0.04% | -17.66% | |
| 44 | VGT | Vanguard Info Tech ETF | ETF-科技型 | 0.22% | +0.26% | — | |
| 45 | YUMC | Yum China Holdings Inc | 股票-周期性消费 | 0.21% | — | -0.52% | |
| 46 | COP | Conocophillips | 股票-能源 | 0.20% | -0.04% | +0.20% | |
| 47 | ZD 3.625 03-01-28债券 | Ziff Davis Inc | 债券 | 0.18% | +0.02% | — | |
| 48 | NEM | Newmont CORP | 股票-原材料 | 0.18% | -0.02% | +32.98% | |
| 49 | ENB | Enbridge Inc | 股票-能源 | 0.18% | -0.11% | EXIT | |
| 50 | QQQM | Invesco Nasdaq 100 ETF | ETF-科技型 | 0.17% | +0.06% | -3.19% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | +5.6% | +3764.27% | 加仓 |
| 2 | VT | Vanguard Tot World Stk ETF | +1.5% | +2.74% | 加仓 |
| 3 | IVW | Ishares S&p 500 Growth ETF | +0.8% | +51.87% | 加仓 |
| 4 | HLF 4.25 06-15-28债券 | Herbalife LTD | +0.6% | +62.75% | 加仓 |
| 5 | AON | Aon plc | +0.4% | +1240.97% | 加仓 |
| 6 | NU | Nu Holdings Ltd. | +0.2% | +10.20% | 加仓 |
| 7 | EWJ | Ishares Msci Japan ETF | +0.2% | — | 加仓 |
| 8 | AU | AngloGold Ashanti plc | +0.2% | -1.03% | 减仓 |
| 9 | PSN 2.625 03-01-29债券 | Parsons CORP | +0.2% | +0.44% | 加仓 |
| 10 | EOSE | Eos Energy Enterprises Inc | +0.2% | — | 加仓 |
| 11 | NEM | Newmont CORP | +0.1% | +32.98% | 加仓 |
| 12 | ADM | Archer-daniels-midland Co | +0.1% | +425.56% | 加仓 |
| 13 | CTGO | Contango Silver & Gold Inc | +0.1% | — | 不变 |
| 14 | CVX | Chevron CORP | +0.1% | +107.30% | 加仓 |
| 15 | WPM | Wheaton Precious Metals CORP | 0% | +1.80% | 减仓 |
| 16 | IGV | Ishares Expanded Tech-softwa | 0% | — | 不变 |
| 17 | SPY | Ss Spdr S&p 500 ETF Trust-us | -0.1% | +28.44% | 加仓 |
| 18 | URTH | Ishares Msci World ETF | -0.1% | -13.12% | 减仓 |
| 19 | PDD | Pdd Holdings Inc | -0.2% | +11.48% | 加仓 |
| 20 | MOS | Mosaic Co/the | -0.2% | -61.96% | 减仓 |
| 21 | FPE | Ft-preferred Secur & Inc ETF | -0.2% | -53.81% | 减仓 |
| 22 | YUMC | Yum China Holdings Inc | -0.4% | -0.52% | 减仓 |
| 23 | QQQ | Invesco Qqq Trust Series 1 | -0.5% | +0.11% | 减仓 |
| 24 | SUSC | Ishares Esg Aware Usd Corpor | -0.5% | -17.49% | 减仓 |
| 25 | IWO | Ishares Russell 2000 Growth | -0.6% | -2.78% | 加仓 |
| 26 | BBDC | Barings Bdc Inc | -1% | — | 不变 |
| 27 | IVV | Ishares Core S&p 500 ETF | -2.1% | +1.14% | 加仓 |
| 28 | VCSH | Vanguard S/t CORP Bond ETF | -2.3% | — | 不变 |
| 29 | JAAA | Janus Henderson Aaa Clo ETF | — | NEW | 新建仓 |
| 30 | QUAL | Ishares Msci USA Quality Fac | — | EXIT | 清仓 |
| 31 | ARX | Accelerant Holdings | — | NEW | 新建仓 |
| 32 | USHY | Ishares Broad Usd High Yield | — | NEW | 新建仓 |
| 33 | SHV | Ishares 0-1 Year Treasury Bo | — | EXIT | 清仓 |
| 34 | DYNF | Ishrs US E F R A Etf-usd Inc | — | NEW | 新建仓 |
| 35 | BEKE | Ke Holdings Inc-adr | — | EXIT | 清仓 |
| 36 | VFH | Vanguard Financials ETF | — | EXIT | 清仓 |
| 37 | SPHD | Invesco S&p 500 High Dividen | — | EXIT | 清仓 |
| 38 | UNIT 7.5 12-01-27债券 | Uniti Group Inc | — | NEW | 新建仓 |
| 39 | AGG | Ishares Core U.s. Aggregate | — | EXIT | 清仓 |
| 40 | CEMB | Ishares Jp Morgan Em Corpora | — | EXIT | 清仓 |
| 41 | ZD 3.625 03-01-28债券 | Ziff Davis Inc | — | NEW | 新建仓 |
| 42 | UPST 0.25 08-15-26债券 | Upstart Holdings Inc | — | EXIT | 清仓 |
| 43 | JXI | Ishares Global Utilities ETF | — | NEW | 新建仓 |
| 44 | EQT | Eqt CORP | — | NEW | 新建仓 |
| 45 | GLD | Spdr Gold Shares | — | NEW | 新建仓 |
| 46 | ✓ | Moneylion Inc | — | EXIT | 清仓 |
| 47 | CPT | Camden Property Trust | — | NEW | 新建仓 |
| 48 | SLB | Slb LTD | — | EXIT | 清仓 |
| 49 | CIB | Grupo Cibest Sa-adr | — | NEW | 新建仓 |
| 50 | ECL | Ecolab Inc | — | EXIT | 清仓 |
根据 SEC 官方 Form 13F 申报备案，Barings LLC 在 Q3 2025 季度的美股持仓总市值约为 US$56.4亿，共申报了 171 个公开持股仓位。
在 Q3 2025 季度，Barings LLC 按市值排列的前三大核心持股分别为：IVV (20.4%)、QQQ (10.2%)、IWO (9.9%)。其中最大持股仓位 IVV 占据整体投资组合约 20.4% 的权重。
在 Q3 2025 季度中，Barings LLC 共进行了 46 项持仓异动，包含新建仓 11 个仓位、加仓 16 个仓位、减仓 8 个仓位以及清仓 11 个仓位。 其中最大新建仓标的为 JAAA。 本季清仓仓位包含 QUAL。
本页面所有持股数据均直接同步自美国证券交易委员会（SEC）EDGAR 官方系统之 13F-HR / 13F-HR/A 季度申报文件。AlphaSMO 通过机器解析 CUSIP 与个股对照，提供 100% 精准对齐的历史时序数据集，并支持 Schema.org 结构化数据格式。
精选 AlphaSMO 大户持股与内部人交易深度分析，提升投资决策胜率
完整解读 Form 13F 申报规范、1 亿美元门槛与 45 天延迟申报机制，学会如何追踪顶级对冲基金与机构法人持仓动向。
深入剖析 5% 股权申报门槛、13D 与 13G 之差异，以及最新 SEC 申报时程规范，洞察机构法人的激进投资动向。