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: 0000919079
申报总市值
US$1773.8亿
US$1773.8亿
1086 檔
33.2%
在 Q4 2025 申报期间，California Public Employees Retirement System（CIK: 0000919079）向美国 SEC 提交的 Form 13F 报告显示，其追踪之股票投资组合总市值达 US$1773.8亿，共持有 1086 个公开申报仓位。
在 Q4 2025，California Public Employees Retirement System 展现出较为审慎的避险与获利了结姿态。本季共减仓 126 个仓位并完全清仓 2 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，California Public Employees Retirement System 的前 5 大核心持股（包含 VOO, NVDA, MSFT 等）合计占整体申报市值的 33.2%，反映机构在主要关键仓位上的权重分布。
仅显示前 200 大持股（共 1086 只）
| # | 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 | VOO | Vanguard S&p 500 ETF | ETF-大型股与成长 | 11.33% | -0.48% | +21.68% | |
| 2 | NVDA | Nvidia CORP | 股票-科技 | 8.14% | -2.13% | +15.61% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 5.84% | -1.67% | +8.92% | |
| 4 | AAPL | Apple Inc | 股票-科技 | 5.65% | -1.05% | +3.06% | |
| 5 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 2.75% | -0.16% | +9.22% | |
| 6 | AVGO | Broadcom Inc | 股票-科技 | 2.69% | +0.13% | +17.39% | |
| 7 | AMZN | Amazon.com Inc | 股票-周期性消费 | 2.65% | -0.28% | +4.16% | |
| 8 | GOOG | Alphabet Inc-cl C | 股票-通信服务 | 2.21% | +0.04% | +8.86% | |
| 9 | META | Meta Platforms Inc-class A | 股票-通信服务 | 2.20% | -0.40% | -1.70% | |
| 10 | TSLA | Tesla Inc | 股票-周期性消费 | 1.35% | +0.14% | +0.36% | |
| 11 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.25% | -0.10% | +2.20% | |
| 12 | JPHY | Jpmorgan Active H Yield ETF | ETF-其他 | 1.15% | -0.10% | — | |
| 13 | LLY | Eli Lilly & Co | 股票-医疗保健 | 1.14% | -0.06% | -3.74% | |
| 14 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.97% | -0.10% | -6.66% | |
| 15 | JNJ | Johnson & Johnson | 股票-医疗保健 | 0.88% | -0.19% | -3.13% | |
| 16 | V | Visa Inc-class A Shares | 股票-金融 | 0.67% | — | -6.17% | |
| 17 | BAC | Bank Of America CORP | 股票-金融 | 0.62% | -0.03% | +1.73% | |
| 18 | MA | Mastercard Inc - A | 股票-金融 | 0.60% | +0.03% | -1.64% | |
| 19 | ABBV | Abbvie Inc | 股票-医疗保健 | 0.55% | -0.01% | -15.35% | |
| 20 | WMT | Walmart Inc | 股票-非周期性消费 | 0.55% | -0.01% | -9.03% | |
| 21 | COST | Costco Wholesale CORP | 股票-非周期性消费 | 0.55% | -0.05% | -4.35% | |
| 22 | XOM | Exxon Mobil CORP | 股票-能源 | 0.55% | -0.21% | -3.92% | |
| 23 | MRK | Merck & Co. Inc. | 股票-医疗保健 | 0.52% | -0.16% | +13.24% | |
| 24 | CSCO | Cisco Systems Inc | 股票-科技 | 0.51% | -0.11% | -7.06% | |
| 25 | IBM | Intl Business Machines CORP | 股票-科技 | 0.49% | -0.10% | -13.18% | |
| 26 | HD | Home Depot Inc | 股票-周期性消费 | 0.48% | -0.06% | +15.37% | |
| 27 | UNH | Unitedhealth Group Inc | 股票-医疗保健 | 0.46% | +0.09% | -0.20% | |
| 28 | NFLX | Netflix Inc | 股票-通信服务 | 0.44% | -0.14% | +956.46% | |
| 29 | PEP | Pepsico Inc | 股票-非周期性消费 | 0.44% | -0.10% | +27.96% | |
| 30 | CRM | Salesforce Inc | 股票-科技 | 0.44% | -0.11% | +15.50% | |
| 31 | PG | Procter & Gamble Co/the | 股票-非周期性消费 | 0.43% | — | -3.12% | |
| 32 | KLAC | Kla CORP | 股票-科技 | 0.42% | +0.46% | +1.43% | |
| 33 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.42% | -0.04% | +9.67% | |
| 34 | KO | Coca-cola Co/the | 股票-非周期性消费 | 0.40% | -0.07% | -1.04% | |
| 35 | VZ | Verizon Communications Inc | 股票-通信服务 | 0.40% | -0.16% | -2.84% | |
| 36 | AMGN | Amgen Inc | 股票-医疗保健 | 0.39% | -0.12% | -0.22% | |
| 37 | MCD | Mcdonald's CORP | 股票-周期性消费 | 0.38% | -0.19% | +1.90% | |
| 38 | LRCX | Lam Research CORP | 股票-科技 | 0.38% | +0.12% | -13.86% | |
| 39 | ABT | Abbott Laboratories | 股票-医疗保健 | 0.37% | -0.17% | +29.74% | |
| 40 | ORCL | Oracle CORP | 股票-科技 | 0.36% | -0.04% | +7.79% | |
| 41 | GE | General Electric | 股票-工业 | 0.36% | +0.06% | -10.49% | |
| 42 | AMD | Advanced Micro Devices | 股票-科技 | 0.36% | +0.66% | +0.93% | |
| 43 | MU | Micron Technology Inc | 股票-科技 | 0.36% | +0.99% | -27.89% | |
| 44 | WFC | Wells Fargo & Co | 股票-金融 | 0.35% | -0.01% | -1.33% | |
| 45 | APH | Amphenol Corp-cl A | 股票-科技 | 0.32% | +0.01% | +4.24% | |
| 46 | INTU | Intuit Inc | 股票-科技 | 0.31% | -0.08% | +4.70% | |
| 47 | RTX | Rtx CORP | 股票-工业 | 0.31% | -0.06% | -38.44% | |
| 48 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.30% | +0.02% | +2.74% | |
| 49 | AMAT | Applied Materials Inc | 股票-科技 | 0.30% | +0.48% | +25.82% | |
| 50 | T | At&t Inc | 股票-通信服务 | 0.30% | -0.10% | -14.24% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | VOO | Vanguard S&p 500 ETF | +1.8% | +21.68% | 加仓 |
| 2 | NVDA | Nvidia CORP | +0.8% | +15.61% | 加仓 |
| 3 | GOOGL | Alphabet Inc-cl A | +0.7% | +9.22% | 加仓 |
| 4 | GOOG | Alphabet Inc-cl C | +0.6% | +8.86% | 加仓 |
| 5 | AVGO | Broadcom Inc | +0.4% | +17.39% | 加仓 |
| 6 | AAPL | Apple Inc | +0.3% | +3.06% | 加仓 |
| 7 | LLY | Eli Lilly & Co | +0.3% | -3.74% | 减仓 |
| 8 | MRK | Merck & Co. Inc. | +0.1% | +13.24% | 加仓 |
| 9 | AMZN | Amazon.com Inc | +0.1% | +4.16% | 加仓 |
| 10 | ISRG | Intuitive Surgical Inc | +0.1% | +42.73% | 加仓 |
| 11 | AMAT | Applied Materials Inc | +0.1% | +25.82% | 加仓 |
| 12 | PEP | Pepsico Inc | +0.1% | +27.96% | 加仓 |
| 13 | CRM | Salesforce Inc | +0.1% | +15.50% | 加仓 |
| 14 | AMD | Advanced Micro Devices | +0.1% | +0.93% | 加仓 |
| 15 | PCAR | Paccar Inc | +0.1% | +93.15% | 加仓 |
| 16 | MU | Micron Technology Inc | +0.1% | -27.89% | 减仓 |
| 17 | PLD | Prologis Inc | +0.1% | +37.87% | 加仓 |
| 18 | ABT | Abbott Laboratories | +0.1% | +29.74% | 加仓 |
| 19 | TRV | Travelers Cos Inc/the | +0.1% | +33.46% | 加仓 |
| 20 | AMGN | Amgen Inc | 0% | -0.22% | 减仓 |
| 21 | SBUX | Starbucks CORP | 0% | +39.18% | 加仓 |
| 22 | USB | US Bancorp | 0% | +40.38% | 加仓 |
| 23 | MAR | Marriott International -cl A | 0% | +40.95% | 加仓 |
| 24 | WDC | Western Digital CORP | 0% | +37.28% | 加仓 |
| 25 | JNJ | Johnson & Johnson | 0% | -3.13% | 减仓 |
| 26 | KLAC | Kla CORP | 0% | +1.43% | 加仓 |
| 27 | CAT | Caterpillar Inc | 0% | -2.67% | 减仓 |
| 28 | APH | Amphenol Corp-cl A | 0% | +4.24% | 加仓 |
| 29 | SNDK | Sandisk CORP | 0% | +68.56% | 加仓 |
| 30 | LOW | Lowe's Cos Inc | 0% | +22.57% | 加仓 |
| 31 | SCHW | Schwab (charles) CORP | 0% | +12.92% | 加仓 |
| 32 | TTD | Trade Desk Inc/the -class A | 0% | +149.48% | 加仓 |
| 33 | ODFL | Old Dominion Freight Line | 0% | +42.68% | 加仓 |
| 34 | TAP | Molson Coors Beverage Co - B | 0% | +142.56% | 加仓 |
| 35 | BAC | Bank Of America CORP | 0% | +1.73% | 加仓 |
| 36 | C | Citigroup Inc | 0% | +2.63% | 加仓 |
| 37 | GS | Goldman Sachs Group Inc | 0% | +2.74% | 加仓 |
| 38 | LRCX | Lam Research CORP | 0% | -13.86% | 减仓 |
| 39 | TMO | Thermo Fisher Scientific Inc | 0% | -3.81% | 减仓 |
| 40 | RF | Regions Financial CORP | 0% | +115.89% | 加仓 |
| 41 | HWM | Howmet Aerospace Inc | 0% | +28.45% | 加仓 |
| 42 | MS | Morgan Stanley | 0% | +3.38% | 加仓 |
| 43 | EXC | Exelon CORP | 0% | +26.05% | 加仓 |
| 44 | REGN | Regeneron Pharmaceuticals | 0% | -1.00% | 减仓 |
| 45 | CL | Colgate-palmolive Co | 0% | +21.08% | 加仓 |
| 46 | WBD | Warner Bros Discovery Inc | 0% | +1.44% | 加仓 |
| 47 | NEM | Newmont CORP | 0% | +0.34% | 加仓 |
| 48 | FDX | Fedex CORP | 0% | +5.30% | 加仓 |
| 49 | ON | On Semiconductor | 0% | +20.98% | 加仓 |
| 50 | SWKS | Skyworks Solutions Inc | 0% | +126.85% | 加仓 |
根据 SEC 官方 Form 13F 申报备案，California Public Employees Retirement System 在 Q4 2025 季度的美股持仓总市值约为 US$1773.8亿，共申报了 1086 个公开持股仓位。
在 Q4 2025 季度，California Public Employees Retirement System 按市值排列的前三大核心持股分别为：VOO (11.3%)、NVDA (8.1%)、MSFT (5.8%)。其中最大持股仓位 VOO 占据整体投资组合约 11.3% 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
Q
市值: US$2927.7万
本季最大获利了结 / 清仓标的
07WA
前期市值: US$7903.0万
在 Q4 2025 季度中，California Public Employees Retirement System 共进行了 200 项持仓异动，包含新建仓 1 个仓位、加仓 71 个仓位、减仓 126 个仓位以及清仓 2 个仓位。 其中最大新建仓标的为 Q。 本季清仓仓位包含 07WA。
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。