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。
AlphaSMO 权威研究指南阅读专题
CIK: 0001632812
申报总市值
US$7.5亿
US$7.5亿
143 檔
42.6%
根据最新整理的 13F 季度数据集，Bdf-gestion 于 Q3 2025 结束时的管理资产规模为 US$7.5亿。该机构在本季度申报了 143 档美股持仓，呈现出该时期的主要投资地图。
在 Q3 2025，Bdf-gestion 展现出较为审慎的避险与获利了结姿态。本季共减仓 23 个仓位并完全清仓 11 档持股，调降曝光的仓位数量高于加仓动作。
在资产配置集中度方面，Bdf-gestion 的前 5 大核心持股（包含 NVDA, MSFT, AAPL 等）合计占整体申报市值的 42.6%，反映机构在主要关键仓位上的权重分布。
| # | 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 | NVDA | Nvidia CORP | 股票-科技 | 10.66% | -10.06% | -19.95% | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 9.35% | -6.73% | -17.21% | |
| 3 | AAPL | Apple Inc | 股票-科技 | 8.99% | -9.43% | -13.91% | |
| 4 | AVGO | Broadcom Inc | 股票-科技 | 4.50% | -3.94% | -5.24% | |
| 5 | META | Meta Platforms Inc-class A | 股票-通信服务 | 4.27% | -3.35% | -5.24% | |
| 6 | GOOG | Alphabet Inc-cl C | 股票-通信服务 | 3.29% | -3.94% | -17.21% | |
| 7 | JPM | Jpmorgan Chase & Co | 股票-金融 | 2.40% | -2.16% | -17.21% | |
| 8 | LLY | Eli Lilly & Co | 股票-医疗保健 | 1.81% | -2.04% | -17.22% | |
| 9 | V | Visa Inc-class A Shares | 股票-金融 | 1.47% | -0.89% | -17.22% | |
| 10 | HD | Home Depot Inc | 股票-周期性消费 | 1.22% | -0.17% | -17.21% | |
| 11 | GS | Goldman Sachs Group Inc | 股票-金融 | 1.19% | -0.45% | -17.22% | |
| 12 | BAC | Bank Of America CORP | 股票-金融 | 1.15% | -0.56% | -17.21% | |
| 13 | MA | Mastercard Inc - A | 股票-金融 | 1.12% | -0.62% | -17.22% | |
| 14 | ABT | Abbott Laboratories | 股票-医疗保健 | 1.03% | +0.27% | +10.38% | |
| 15 | C | Citigroup Inc | 股票-金融 | 1.01% | -0.50% | +12.90% | |
| 16 | NFLX | Netflix Inc | 股票-通信服务 | 1.00% | -0.54% | — | |
| 17 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.97% | -0.66% | +37.98% | |
| 18 | ISRG | Intuitive Surgical Inc | 股票-医疗保健 | 0.96% | -0.72% | +50.51% | |
| 19 | ABBV | Abbvie Inc | 股票-医疗保健 | 0.95% | -1.02% | -17.21% | |
| 20 | ORCL | Oracle CORP | 股票-科技 | 0.87% | -0.56% | -17.21% | |
| 21 | MSI | Motorola Solutions Inc | 股票-科技 | 0.76% | -0.27% | -17.22% | |
| 22 | CRM | Salesforce Inc | 股票-科技 | 0.75% | -0.74% | EXIT | |
| 23 | PG | Procter & Gamble Co/the | 股票-非周期性消费 | 0.75% | -0.49% | -17.21% | |
| 24 | TJX | Tjx Companies Inc | 股票-周期性消费 | 0.75% | +0.19% | NEW | |
| 25 | AMAT | Applied Materials Inc | 股票-科技 | 0.71% | -0.58% | +49.77% | |
| 26 | UNH | Unitedhealth Group Inc | 股票-医疗保健 | 0.70% | -0.40% | -17.22% | |
| 27 | NOW | Servicenow Inc | 股票-科技 | 0.69% | -0.27% | -17.24% | |
| 28 | PANW | Palo Alto Networks Inc | 股票-科技 | 0.66% | -0.34% | — | |
| 29 | CSCO | Cisco Systems Inc | 股票-科技 | 0.65% | -0.40% | -17.21% | |
| 30 | AMD | Advanced Micro Devices | 股票-科技 | 0.64% | +9.09% | -54.38% | |
| 31 | INTC | Intel CORP | 股票-科技 | 0.62% | +0.28% | NEW | |
| 32 | KO | Coca-cola Co/the | 股票-非周期性消费 | 0.61% | -0.74% | EXIT | |
| 33 | TXN | Texas Instruments Inc | 股票-科技 | 0.61% | -0.19% | -17.21% | |
| 34 | TMO | Thermo Fisher Scientific Inc | 股票-医疗保健 | 0.59% | -0.26% | -17.22% | |
| 35 | TMUS | T-mobile US Inc | 股票-通信服务 | 0.58% | +0.21% | -17.22% | |
| 36 | EA | Electronic Arts Inc | 股票-通信服务 | 0.57% | — | -17.22% | |
| 37 | DDOG | Datadog Inc - Class A | 股票-科技 | 0.56% | — | -17.21% | |
| 38 | PLD | Prologis Inc | 股票-房地产 | 0.52% | -0.30% | -17.21% | |
| 39 | ADSK | Autodesk Inc | 股票-科技 | 0.52% | -0.09% | -17.22% | |
| 40 | ALL | Allstate CORP | 股票-金融 | 0.51% | +0.16% | -17.22% | |
| 41 | AXP | American Express Co | 股票-金融 | 0.51% | -0.15% | -17.22% | |
| 42 | LIN | Linde plc | 股票-原材料 | 0.50% | +0.18% | -17.23% | |
| 43 | MDLZ | Mondelez International Inc-a | 股票-非周期性消费 | 0.50% | +0.26% | -17.21% | |
| 44 | CDNS | Cadence Design Sys Inc | 股票-科技 | 0.50% | -0.07% | — | |
| 45 | ACN | Accenture plc | 股票-科技 | 0.49% | -0.09% | -17.22% | |
| 46 | T | At&t Inc | 股票-通信服务 | 0.49% | +0.12% | — | |
| 47 | ADP | Automatic Data Processing | 股票-科技 | 0.48% | -0.07% | -17.22% | |
| 48 | SPG | Simon Property Group Inc | 股票-房地产 | 0.48% | +0.21% | -17.22% | |
| 49 | MRK | Merck & Co. Inc. | 股票-医疗保健 | 0.47% | -0.32% | -17.21% | |
| 50 | BSX | Boston Scientific CORP | 股票-医疗保健 | 0.47% | -0.10% | +9.69% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +3.5% | -19.95% | 减仓 |
| 2 | AVGO | Broadcom Inc | +2.2% | -5.24% | 减仓 |
| 3 | META | Meta Platforms Inc-class A | +1.3% | -5.24% | 加仓 |
| 4 | INTC | Intel CORP | +0.5% | -17.21% | 加仓 |
| 5 | JPM | Jpmorgan Chase & Co | +0.5% | -17.21% | 减仓 |
| 6 | MSFT | Microsoft CORP | +0.4% | -17.21% | 减仓 |
| 7 | AMAT | Applied Materials Inc | +0.4% | +49.77% | 加仓 |
| 8 | ORCL | Oracle CORP | +0.3% | -17.21% | 减仓 |
| 9 | HD | Home Depot Inc | -0.1% | -17.21% | 减仓 |
| 10 | AMD | Advanced Micro Devices | -0.2% | -54.38% | 减仓 |
| 11 | MA | Mastercard Inc - A | -0.2% | -17.22% | 减仓 |
| 12 | KO | Coca-cola Co/the | -0.2% | -17.21% | 减仓 |
| 13 | FISV | Fiserv Inc | -0.2% | -17.23% | 减仓 |
| 14 | HUM | Humana Inc | -0.3% | -17.25% | 减仓 |
| 15 | ACN | Accenture plc | -0.3% | -17.22% | 减仓 |
| 16 | ABBV | Abbvie Inc | -0.3% | -17.21% | 减仓 |
| 17 | PG | Procter & Gamble Co/the | -0.3% | -17.21% | 减仓 |
| 18 | BAC | Bank Of America CORP | -0.3% | -17.21% | 减仓 |
| 19 | AAPL | Apple Inc | -0.3% | -13.91% | 减仓 |
| 20 | V | Visa Inc-class A Shares | -0.4% | -17.22% | 减仓 |
| 21 | GOOG | Alphabet Inc-cl C | -0.4% | -17.21% | 减仓 |
| 22 | CDW | Cdw Corp/de | -0.5% | -17.22% | 减仓 |
| 23 | MRK | Merck & Co. Inc. | -0.5% | -17.21% | 减仓 |
| 24 | LLY | Eli Lilly & Co | -0.6% | -17.22% | 减仓 |
| 25 | VZ | Verizon Communications Inc | -0.7% | -68.32% | 减仓 |
| 26 | UNH | Unitedhealth Group Inc | -1.2% | -17.22% | 减仓 |
| 27 | TSLA | Tesla Inc | — | EXIT | 清仓 |
| 28 | NFLX | Netflix Inc | — | NEW | 新建仓 |
| 29 | PLTR | Palantir Technologies Inc-a | — | NEW | 新建仓 |
| 30 | BKNG | Booking Holdings Inc | — | EXIT | 清仓 |
| 31 | GE | General Electric | — | EXIT | 清仓 |
| 32 | PANW | Palo Alto Networks Inc | — | NEW | 新建仓 |
| 33 | SCI | Service CORP International | — | EXIT | 清仓 |
| 34 | CDNS | Cadence Design Sys Inc | — | NEW | 新建仓 |
| 35 | ELV | Elevance Health Inc | — | EXIT | 清仓 |
| 36 | T | At&t Inc | — | NEW | 新建仓 |
| 37 | COR | Cencora Inc | — | NEW | 新建仓 |
| 38 | FITB | Fifth Third Bancorp | — | EXIT | 清仓 |
| 39 | DIS | Walt Disney Co/the | — | NEW | 新建仓 |
| 40 | MCK | Mckesson CORP | — | EXIT | 清仓 |
| 41 | LRCX | Lam Research CORP | — | NEW | 新建仓 |
| 42 | WFC | Wells Fargo & Co | — | NEW | 新建仓 |
| 43 | DXCM | Dexcom Inc | — | EXIT | 清仓 |
| 44 | WELL | Welltower Inc | — | NEW | 新建仓 |
| 45 | PPG | Ppg Industries Inc | — | EXIT | 清仓 |
| 46 | BURL | Burlington Stores Inc | — | EXIT | 清仓 |
| 47 | COO | Cooper Cos Inc/the | — | EXIT | 清仓 |
| 48 | MKC | Mccormick & Co-non Vtg Shrs | — | NEW | 新建仓 |
| 49 | OMC | Omnicom Group | — | NEW | 新建仓 |
| 50 | HUBS | Hubspot Inc | — | NEW | 新建仓 |
根据 SEC 官方 Form 13F 申报备案，Bdf-gestion 在 Q3 2025 季度的美股持仓总市值约为 US$7.5亿，共申报了 143 个公开持股仓位。
在 Q3 2025 季度，Bdf-gestion 按市值排列的前三大核心持股分别为：NVDA (10.7%)、MSFT (9.3%)、AAPL (9.0%)。其中最大持股仓位 NVDA 占据整体投资组合约 10.7% 的权重。
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。
本季最大新建仓标的
NFLX
市值: US$839.2万
本季最大获利了结 / 清仓标的
TSLA
前期市值: US$1303.9万
在 Q3 2025 季度中，Bdf-gestion 共进行了 50 项持仓异动，包含新建仓 13 个仓位、加仓 3 个仓位、减仓 23 个仓位以及清仓 11 个仓位。 其中最大新建仓标的为 NFLX。 本季清仓仓位包含 TSLA。
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。
解析公司高管、董事与 10% 大股东之 Form 4 内部人交易申报，掌握高管自家股票买卖第一手信号。
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。