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: 0001568280
申报总市值
US$50.5亿
US$50.5亿
192 檔
39.8%
在 Q4 2025 的 13F 官方备案中，BW Gestao de Investimentos Ltda. 管理的美股投资组合规模来到 US$50.5亿，整体持股档数为 192 档。
在 Q4 2025，BW Gestao de Investimentos Ltda. 操作展现出积极扩展与加仓意向。本季共新建仓 105 个新仓位，并对 35 个既有持股进行加仓（合计增持 140 档），相较减仓与清仓仓位显著占优。
在资产配置集中度方面，BW Gestao de Investimentos Ltda. 的前 5 大核心持股（包含 SPY, IVV, IWM 等）合计占整体申报市值的 39.8%，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 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股与成长 | 12.31% | +9.50% | +300.00% | |
| 2 | IVV | Ishares Core S&p 500 ETF | ETF-大型股与成长 | 11.42% | +9.69% | +376.67% | |
| 3 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 8.89% | -5.08% | +45.45% | |
| 4 | RSP | Invesco S&p 500 Equal Weight | ETF-大型股与成长 | 6.48% | -0.32% | EXIT | |
| 5 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 6.24% | -0.13% | — | |
| 6 | MU | Micron Technology Inc | 股票-科技 | 2.83% | +5.25% | — | |
| 7 | KWEB | Kranesh Csi China Internet | ETF-新兴市场 | 1.84% | — | +642.80% | |
| 8 | RBA | Rb Global Inc | 股票-工业 | 1.82% | -1.17% | +14.64% | |
| 9 | AVGO | Broadcom Inc | 股票-科技 | 1.72% | -1.03% | EXIT | |
| 10 | PATH | Uipath Inc - Class A | 股票-科技 | 1.68% | -0.67% | -3.82% | |
| 11 | THC | Tenet Healthcare CORP | 股票-医疗保健 | 1.60% | -0.97% | -16.09% | |
| 12 | XLU | St Sr Utl Sl Se Spdr Etf-usd | ETF-其他 | 1.11% | -1.17% | — | |
| 13 | FOUR | Shift4 Payments Inc-class A | 股票-科技 | 0.98% | -0.22% | EXIT | |
| 14 | XLV | Ss Health Care Select Sector | ETF-其他 | 0.93% | -0.35% | -49.91% | |
| 15 | NTNX | Nutanix Inc - A | 股票-科技 | 0.77% | -0.85% | +19.12% | |
| 16 | ECL | Ecolab Inc | 股票-原材料 | 0.72% | +0.07% | +2.51% | |
| 17 | CPRI | Capri Holdings Limited | 股票-周期性消费 | 0.70% | -0.71% | — | |
| 18 | ITB | Ishares U.s. Home Constructi | ETF-其他 | 0.65% | — | — | |
| 19 | ECHO | Echostar Corp-a | 股票-通信服务 | 0.64% | -0.68% | — | |
| 20 | KRE | Ss Spdr S&p Regional Bank | ETF-其他 | 0.61% | — | +38.97% | |
| 21 | WBD | Warner Bros Discovery Inc | 股票-通信服务 | 0.60% | -0.32% | — | |
| 22 | COF | Capital One Financial CORP | 股票-金融 | 0.59% | -0.89% | — | |
| 23 | XRT | Ss Spdr S&p Retail ETF | ETF-其他 | 0.58% | — | -50.00% | |
| 24 | NRG | Nrg Energy Inc | 股票-公用事业 | 0.56% | -0.43% | EXIT | |
| 25 | GLOB | Globant S.A. | 股票-科技 | 0.53% | -0.45% | -5.88% | |
| 26 | FTAI | FTAI Aviation Ltd. | 股票-工业 | 0.52% | — | -3.50% | |
| 27 | BX | Blackstone Inc | 股票-金融 | 0.52% | -0.25% | +345.04% | |
| 28 | TLN | Talen Energy CORP | 股票-公用事业 | 0.49% | -0.63% | EXIT | |
| 29 | CCJ | Cameco CORP | 股票-能源 | 0.48% | -0.04% | +72.55% | |
| 30 | DKS | Dick's Sporting Goods Inc | 股票-周期性消费 | 0.46% | -0.50% | -0.36% | |
| 31 | LIN | Linde plc | 股票-原材料 | 0.46% | +0.07% | NEW | |
| 32 | AEP | American Electric Power | 股票-公用事业 | 0.44% | -0.32% | — | |
| 33 | SQM | Quimica Y Minera Chil-sp Adr | 股票-其他 | 0.44% | — | — | |
| 34 | ALB | Albemarle CORP | 股票-原材料 | 0.42% | -0.25% | EXIT | |
| 35 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.41% | -0.29% | EXIT | |
| 36 | ED | Consolidated Edison Inc | 股票-公用事业 | 0.41% | -0.24% | — | |
| 37 | XEL | Xcel Energy Inc | 股票-公用事业 | 0.40% | -0.23% | — | |
| 38 | SHW | Sherwin-williams Co/the | 股票-原材料 | 0.40% | -0.36% | +606.60% | |
| 39 | BAC | Bank Of America CORP | 股票-金融 | 0.40% | +0.10% | NEW | |
| 40 | PRGO | Perrigo Company plc | 股票-医疗保健 | 0.40% | -0.16% | EXIT | |
| 41 | HBAN | Huntington Bancshares Inc | 股票-金融 | 0.40% | +0.12% | NEW | |
| 42 | ALIT | Alight Inc - Class A | 股票-其他 | 0.40% | -0.08% | -10.06% | |
| 43 | BIRK | Birkenstock Holding plc | 股票-其他 | 0.39% | -0.14% | -16.05% | |
| 44 | IFF | Intl Flavors & Fragrances | 股票-原材料 | 0.39% | -0.18% | +17.98% | |
| 45 | SRE | Sempra | 股票-公用事业 | 0.38% | +0.01% | NEW | |
| 46 | CLF | Cleveland-cliffs Inc | 股票-原材料 | 0.37% | -0.13% | EXIT | |
| 47 | EXE | Expand Energy CORP | 股票-能源 | 0.37% | -0.08% | EXIT | |
| 48 | PLNT | Planet Fitness Inc - Cl A | 股票-周期性消费 | 0.36% | +0.42% | +29.11% | |
| 49 | EVRG | Evergy Inc | 股票-公用事业 | 0.36% | -0.07% | — | |
| 50 | CVS | Cvs Health CORP | 股票-医疗保健 | 0.36% | — | -35.48% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | IVV | Ishares Core S&p 500 ETF | +6.9% | +376.67% | 加仓 |
| 2 | SPY | Ss Spdr S&p 500 ETF Trust-us | +6.5% | +300.00% | 加仓 |
| 3 | KWEB | Kranesh Csi China Internet | +1.3% | +642.80% | 加仓 |
| 4 | SHW | Sherwin-williams Co/the | +0.3% | +606.60% | 加仓 |
| 5 | BX | Blackstone Inc | +0.3% | +345.04% | 加仓 |
| 6 | ALB | Albemarle CORP | +0.3% | +181.80% | 加仓 |
| 7 | SGML | Sigma Lithium CORP | +0.2% | +317.92% | 加仓 |
| 8 | B | Barrick Mining CORP | +0.2% | +205.96% | 加仓 |
| 9 | AAPL | Apple Inc | +0.1% | +320.11% | 加仓 |
| 10 | TTMI | Ttm Technologies | +0.1% | +387.17% | 加仓 |
| 11 | LOW | Lowe's Cos Inc | +0.1% | +826.38% | 加仓 |
| 12 | CTRA | Coterra Energy Inc | +0.1% | +301.19% | 加仓 |
| 13 | CVNA | Carvana Co | +0.1% | +191.99% | 加仓 |
| 14 | CNX | Cnx Resources CORP | 0% | +180.49% | 加仓 |
| 15 | FCX | Freeport-mcmoran Inc | 0% | +72.45% | 加仓 |
| 16 | CENX | Century Aluminum Company | 0% | +83.67% | 加仓 |
| 17 | CRK | Comstock Resources Inc | 0% | +163.69% | 加仓 |
| 18 | SRAD | Sportradar Group AG | 0% | +133.84% | 加仓 |
| 19 | NRG | Nrg Energy Inc | 0% | +94.87% | 加仓 |
| 20 | CCJ | Cameco CORP | 0% | +72.55% | 加仓 |
| 21 | CW | Curtiss-wright CORP | 0% | +62.41% | 加仓 |
| 22 | CLS | Celestica Inc | -0.1% | +29.91% | 加仓 |
| 23 | EVEX | Eve Holding Inc | -0.1% | +49.70% | 加仓 |
| 24 | EPAM | Epam Systems Inc | -0.1% | +0.13% | 加仓 |
| 25 | AMZN | Amazon.com Inc | -0.1% | +21.45% | 加仓 |
| 26 | CLVT | Clarivate Plc | -0.2% | +51.67% | 加仓 |
| 27 | PLNT | Planet Fitness Inc - Cl A | -0.2% | +29.11% | 加仓 |
| 28 | MSFT | Microsoft CORP | -0.2% | +35.91% | 加仓 |
| 29 | IAG | Iamgold CORP | -0.2% | -61.03% | 减仓 |
| 30 | RRC | Range Resources CORP | -0.2% | -36.83% | 减仓 |
| 31 | IFF | Intl Flavors & Fragrances | -0.2% | +17.98% | 加仓 |
| 32 | KRE | Ss Spdr S&p Regional Bank | -0.2% | +38.97% | 加仓 |
| 33 | MNDY | monday.com Ltd. | -0.2% | -42.49% | 减仓 |
| 34 | HLI | Houlihan Lokey Inc | -0.3% | -18.80% | 减仓 |
| 35 | HPE | Hewlett Packard Enterprise | -0.3% | -62.70% | 减仓 |
| 36 | PENN | Penn Entertainment Inc | -0.3% | +12.52% | 加仓 |
| 37 | ✓ | Ci&t Inc | -0.4% | -18.02% | 减仓 |
| 38 | FTAI | FTAI Aviation Ltd. | -0.4% | -3.50% | 减仓 |
| 39 | EAT | Brinker International Inc | -0.4% | -85.39% | 减仓 |
| 40 | CPRI | Capri Holdings Limited | -0.4% | — | 不变 |
| 41 | EQT | Eqt CORP | -0.5% | -23.19% | 减仓 |
| 42 | AER | AerCap Holdings N.V. | -0.5% | -66.95% | 减仓 |
| 43 | DKS | Dick's Sporting Goods Inc | -0.6% | -0.36% | 减仓 |
| 44 | VRNS | Varonis Systems Inc | -0.6% | -17.70% | 减仓 |
| 45 | BIRK | Birkenstock Holding plc | -0.6% | -16.05% | 减仓 |
| 46 | WIX | Wix.com Ltd. | -0.6% | -68.83% | 减仓 |
| 47 | EXE | Expand Energy CORP | -0.6% | -30.88% | 减仓 |
| 48 | HUT | Hut 8 CORP | -0.6% | -59.68% | 减仓 |
| 49 | GT | Goodyear Tire & Rubber Co | -0.7% | -87.70% | 减仓 |
| 50 | CVS | Cvs Health CORP | -0.7% | -35.48% | 减仓 |
根据 SEC 官方 Form 13F 申报备案，BW Gestao de Investimentos Ltda. 在 Q4 2025 季度的美股持仓总市值约为 US$50.5亿，共申报了 192 个公开持股仓位。
在 Q4 2025 季度，BW Gestao de Investimentos Ltda. 按市值排列的前三大核心持股分别为：SPY (12.3%)、IVV (11.4%)、IWM (8.9%)。其中最大持股仓位 SPY 占据整体投资组合约 12.3% 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
RSP
市值: US$2.9亿
本季最大获利了结 / 清仓标的
TSLA
前期市值: US$2.1亿
在 Q4 2025 季度中，BW Gestao de Investimentos Ltda. 共进行了 198 项持仓异动，包含新建仓 105 个仓位、加仓 35 个仓位、减仓 29 个仓位以及清仓 29 个仓位。 其中最大新建仓标的为 RSP。 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。