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
147 檔
40.0%
在 Q4 2025 的 13F 官方备案中，Bdf-gestion 管理的美股投资组合规模来到 US$7.5亿，整体持股档数为 147 档。
在 Q4 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 22 个仓位并完全清仓 9 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, AAPL, MSFT 等）合计占整体申报市值的 40.0%，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 | 10.39% | -10.06% | -5.52% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 9.56% | -9.43% | -3.50% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 8.45% | -6.73% | -6.25% | |
| 4 | AVGO | Broadcom Inc | 股票-科技 | 4.15% | -3.94% | -14.78% | |
| 5 | GOOG | Alphabet Inc-cl C | 股票-通信服务 | 4.10% | -3.94% | -6.25% | |
| 6 | META | Meta Platforms Inc-class A | 股票-通信服务 | 3.82% | -3.35% | -3.66% | |
| 7 | LLY | Eli Lilly & Co | 股票-医疗保健 | 2.47% | -2.04% | -6.25% | |
| 8 | JPM | Jpmorgan Chase & Co | 股票-金融 | 2.37% | -2.16% | -6.25% | |
| 9 | V | Visa Inc-class A Shares | 股票-金融 | 1.54% | -0.89% | -1.06% | |
| 10 | ABBV | Abbvie Inc | 股票-医疗保健 | 1.25% | -1.02% | +28.91% | |
| 11 | ISRG | Intuitive Surgical Inc | 股票-医疗保健 | 1.18% | -0.72% | -6.25% | |
| 12 | C | Citigroup Inc | 股票-金融 | 1.13% | -0.50% | -6.25% | |
| 13 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 1.06% | -0.66% | +8.40% | |
| 14 | MA | Mastercard Inc - A | 股票-金融 | 1.01% | -0.62% | -13.04% | |
| 15 | HD | Home Depot Inc | 股票-周期性消费 | 1.00% | -0.17% | -6.25% | |
| 16 | BAC | Bank Of America CORP | 股票-金融 | 0.97% | -0.56% | -23.74% | |
| 17 | ORCL | Oracle CORP | 股票-科技 | 0.96% | -0.56% | +53.82% | |
| 18 | ABT | Abbott Laboratories | 股票-医疗保健 | 0.94% | +0.27% | -6.25% | |
| 19 | AMAT | Applied Materials Inc | 股票-科技 | 0.86% | -0.58% | -6.25% | |
| 20 | AMD | Advanced Micro Devices | 股票-科技 | 0.81% | +9.09% | -6.25% | |
| 21 | CRM | Salesforce Inc | 股票-科技 | 0.81% | -0.74% | EXIT | |
| 22 | MU | Micron Technology Inc | 股票-科技 | 0.77% | -0.50% | — | |
| 23 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.76% | -0.45% | -43.75% | |
| 24 | NFLX | Netflix Inc | 股票-通信服务 | 0.76% | -0.54% | +837.53% | |
| 25 | CSCO | Cisco Systems Inc | 股票-科技 | 0.71% | -0.40% | -6.25% | |
| 26 | TMO | Thermo Fisher Scientific Inc | 股票-医疗保健 | 0.68% | -0.26% | -6.25% | |
| 27 | PG | Procter & Gamble Co/the | 股票-非周期性消费 | 0.67% | -0.49% | -6.25% | |
| 28 | UNH | Unitedhealth Group Inc | 股票-医疗保健 | 0.65% | -0.40% | -6.25% | |
| 29 | KO | Coca-cola Co/the | 股票-非周期性消费 | 0.62% | -0.74% | EXIT | |
| 30 | MRK | Merck & Co. Inc. | 股票-医疗保健 | 0.61% | -0.32% | — | |
| 31 | PANW | Palo Alto Networks Inc | 股票-科技 | 0.58% | -0.34% | -6.25% | |
| 32 | EA | Electronic Arts Inc | 股票-通信服务 | 0.56% | — | -6.25% | |
| 33 | PLD | Prologis Inc | 股票-房地产 | 0.56% | -0.30% | -6.25% | |
| 34 | NOW | Servicenow Inc | 股票-科技 | 0.56% | -0.27% | +368.72% | |
| 35 | TXN | Texas Instruments Inc | 股票-科技 | 0.55% | -0.19% | -6.25% | |
| 36 | AXP | American Express Co | 股票-金融 | 0.55% | -0.15% | -6.25% | |
| 37 | DDOG | Datadog Inc - Class A | 股票-科技 | 0.52% | — | -6.25% | |
| 38 | LRCX | Lam Research CORP | 股票-科技 | 0.52% | -0.79% | -6.25% | |
| 39 | ACN | Accenture plc | 股票-科技 | 0.52% | -0.09% | -6.25% | |
| 40 | COR | Cencora Inc | 股票-医疗保健 | 0.49% | -0.04% | -6.25% | |
| 41 | ALL | Allstate CORP | 股票-金融 | 0.48% | +0.16% | -6.25% | |
| 42 | MDB | Mongodb Inc | 股票-科技 | 0.48% | -0.20% | EXIT | |
| 43 | TMUS | T-mobile US Inc | 股票-通信服务 | 0.47% | +0.21% | -6.25% | |
| 44 | SNOW | Snowflake Inc | 股票-科技 | 0.47% | — | +66.67% | |
| 45 | ADSK | Autodesk Inc | 股票-科技 | 0.47% | -0.09% | -6.25% | |
| 46 | SPG | Simon Property Group Inc | 股票-房地产 | 0.46% | +0.21% | -6.25% | |
| 47 | ADI | Analog Devices Inc | 股票-科技 | 0.45% | +0.02% | -6.25% | |
| 48 | BSX | Boston Scientific CORP | 股票-医疗保健 | 0.45% | -0.10% | -6.25% | |
| 49 | JLL | Jones Lang Lasalle Inc | 股票-房地产 | 0.44% | -0.06% | -6.25% | |
| 50 | LIN | Linde plc | 股票-原材料 | 0.44% | +0.18% | -6.25% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | GOOG | Alphabet Inc-cl C | +0.8% | -6.25% | 减仓 |
| 2 | LLY | Eli Lilly & Co | +0.7% | -6.25% | 减仓 |
| 3 | AAPL | Apple Inc | +0.6% | -3.50% | 减仓 |
| 4 | ABBV | Abbvie Inc | +0.3% | +28.91% | 加仓 |
| 5 | ISRG | Intuitive Surgical Inc | +0.2% | -6.25% | 减仓 |
| 6 | SNOW | Snowflake Inc | +0.2% | +66.67% | 加仓 |
| 7 | AMD | Advanced Micro Devices | +0.2% | -6.25% | 减仓 |
| 8 | AMAT | Applied Materials Inc | +0.2% | -6.25% | 减仓 |
| 9 | MRK | Merck & Co. Inc. | +0.1% | — | 不变 |
| 10 | DELL | Dell Technologies -c | +0.1% | +75.78% | 加仓 |
| 11 | JPM | Jpmorgan Chase & Co | 0% | -6.25% | 减仓 |
| 12 | ABT | Abbott Laboratories | -0.1% | -6.25% | 减仓 |
| 13 | TMUS | T-mobile US Inc | -0.1% | -6.25% | 减仓 |
| 14 | ZS | Zscaler Inc | -0.1% | -6.25% | 减仓 |
| 15 | 6D8 | Dupont De Nemours Inc | -0.1% | -6.25% | 减仓 |
| 16 | MA | Mastercard Inc - A | -0.1% | -13.04% | 减仓 |
| 17 | NOW | Servicenow Inc | -0.1% | +368.72% | 加仓 |
| 18 | BAC | Bank Of America CORP | -0.2% | -23.74% | 减仓 |
| 19 | HD | Home Depot Inc | -0.2% | -6.25% | 减仓 |
| 20 | NFLX | Netflix Inc | -0.2% | +837.53% | 加仓 |
| 21 | INTC | Intel CORP | -0.2% | -45.80% | 减仓 |
| 22 | NVDA | Nvidia CORP | -0.3% | -5.52% | 减仓 |
| 23 | WDAY | Workday Inc-class A | -0.3% | -69.67% | 减仓 |
| 24 | AVGO | Broadcom Inc | -0.4% | -14.78% | 减仓 |
| 25 | MSI | Motorola Solutions Inc | -0.4% | -38.53% | 减仓 |
| 26 | GS | Goldman Sachs Group Inc | -0.4% | -43.75% | 减仓 |
| 27 | META | Meta Platforms Inc-class A | -0.5% | -3.66% | 减仓 |
| 28 | MSFT | Microsoft CORP | -0.9% | -6.25% | 减仓 |
| 29 | TJX | Tjx Companies Inc | — | EXIT | 清仓 |
| 30 | MU | Micron Technology Inc | — | NEW | 新建仓 |
| 31 | MDB | Mongodb Inc | — | NEW | 新建仓 |
| 32 | WFC | Wells Fargo & Co | — | EXIT | 清仓 |
| 33 | PGR | Progressive CORP | — | NEW | 新建仓 |
| 34 | KLAC | Kla CORP | — | NEW | 新建仓 |
| 35 | MS | Morgan Stanley | — | NEW | 新建仓 |
| 36 | COHR | Coherent CORP | — | NEW | 新建仓 |
| 37 | HO1 | Hologic Inc | — | EXIT | 清仓 |
| 38 | FTNT | Fortinet Inc | — | NEW | 新建仓 |
| 39 | SCI | Service CORP International | — | NEW | 新建仓 |
| 40 | CTSH | Cognizant Tech Solutions-a | — | EXIT | 清仓 |
| 41 | GWRE | Guidewire Software Inc | — | NEW | 新建仓 |
| 42 | TEAM | Atlassian Corp-cl A | — | NEW | 新建仓 |
| 43 | CF | Cf Industries Holdings Inc | — | NEW | 新建仓 |
| 44 | FISV | Fiserv Inc | — | EXIT | 清仓 |
| 45 | CDW | Cdw Corp/de | — | EXIT | 清仓 |
| 46 | BL | Blackline Inc | — | EXIT | 清仓 |
| 47 | PTC | Ptc Inc | — | EXIT | 清仓 |
| 48 | STX | Seagate Technology Holdings plc | — | NEW | 新建仓 |
| 49 | WDC | Western Digital CORP | — | NEW | 新建仓 |
| 50 | BAH | Booz Allen Hamilton Holdings | — | EXIT | 清仓 |
根据 SEC 官方 Form 13F 申报备案，Bdf-gestion 在 Q4 2025 季度的美股持仓总市值约为 US$7.5亿，共申报了 147 个公开持股仓位。
在 Q4 2025 季度，Bdf-gestion 按市值排列的前三大核心持股分别为：NVDA (10.4%)、AAPL (9.6%)、MSFT (8.4%)。其中最大持股仓位 NVDA 占据整体投资组合约 10.4% 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
MU
市值: US$623.8万
本季最大获利了结 / 清仓标的
TJX
前期市值: US$626.3万
在 Q4 2025 季度中，Bdf-gestion 共进行了 49 项持仓异动，包含新建仓 13 个仓位、加仓 5 个仓位、减仓 22 个仓位以及清仓 9 个仓位。 其中最大新建仓标的为 MU。 本季清仓仓位包含 TJX。
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。