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: 0001426319
申报总市值
US$56.2亿
US$56.2亿
400 檔
19.4%
Q3 2025 季度申报显示，Cannell & Spears LLC 披露的美股组合总市值为 US$56.2亿，涵盖 400 个不同之权益投资仓位。
Cannell & Spears LLC 在 Q3 2025 进行了结构性的板块轮动与仓位换股。在开立 4 个全新仓位及加仓 20 档持股的同时，亦同步清仓 5 档并减仓 21 档标的。
在资产配置集中度方面，Cannell & Spears LLC 的前 5 大核心持股（包含 MSFT, AAPL, GOOG 等）合计占整体申报市值的 19.4%，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
B
市值: US$6082.4万
本季最大获利了结 / 清仓标的
EXE
前期市值: US$6833.2万
仅显示前 200 大持股（共 400 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 | MSFT | Microsoft CORP | 股票-科技 | 7.25% | -0.46% | -0.75% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 3.67% | +0.10% | -1.71% | |
| 3 | GOOG | Alphabet Inc-cl C | 股票-通信服务 | 3.65% | -0.03% | -6.93% | |
| 4 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 3.23% | -0.12% | -0.60% | |
| 5 | ORCL | Oracle CORP | 股票-科技 | 2.78% | -0.11% | -16.72% | |
| 6 | AMZN | Amazon.com Inc | 股票-周期性消费 | 2.69% | +0.11% | +2.61% | |
| 7 | BN | Brookfield CORP | 股票-金融 | 2.33% | +0.10% | -3.31% | |
| 8 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 1.85% | +0.17% | -1.01% | |
| 9 | VRT | Vertiv Holdings Co-a | 股票-工业 | 1.78% | +0.14% | -3.25% | |
| 10 | AEM | Agnico Eagle Mines LTD | 股票-原材料 | 1.78% | -0.32% | +14.98% | |
| 11 | MRP | Millrose Properties | 股票-房地产 | 1.67% | -0.04% | +0.97% | |
| 12 | ADI | Analog Devices Inc | 股票-科技 | 1.60% | -0.20% | +28.06% | |
| 13 | CB | Chubb Limited | 股票-金融 | 1.60% | -0.17% | -1.11% | |
| 14 | CRH | CRH plc | 股票-原材料 | 1.54% | -0.22% | -11.44% | |
| 15 | NVDA | Nvidia CORP | 股票-科技 | 1.42% | +0.01% | +2.54% | |
| 16 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.42% | -0.02% | -2.98% | |
| 17 | ABT | Abbott Laboratories | 股票-医疗保健 | 1.42% | +0.03% | +7.95% | |
| 18 | GIL | Gildan Activewear Inc | 股票-周期性消费 | 1.38% | -0.05% | +51.87% | |
| 19 | BEEX | THE Beehive ETF | ETF-其他 | 1.34% | — | +1.67% | |
| 20 | ABBV | Abbvie Inc | 股票-医疗保健 | 1.24% | +0.09% | -16.28% | |
| 21 | B | Barrick Mining CORP | 股票-原材料 | 1.15% | -0.10% | +776.52% | |
| 22 | UBER | Uber Technologies Inc | 股票-工业 | 1.12% | -0.01% | +64.79% | |
| 23 | AMRZ | Amrize Ltd | 股票-原材料 | 1.01% | -0.03% | — | |
| 24 | PWR | Quanta Services Inc | 股票-工业 | 0.98% | +0.07% | -3.56% | |
| 25 | META | Meta Platforms Inc-class A | 股票-通信服务 | 0.96% | -0.02% | +554.11% | |
| 26 | AVGO | Broadcom Inc | 股票-科技 | 0.96% | +0.50% | -41.57% | |
| 27 | COST | Costco Wholesale CORP | 股票-非周期性消费 | 0.91% | -0.16% | -10.43% | |
| 28 | DHR | Danaher CORP | 股票-医疗保健 | 0.90% | -0.10% | -42.42% | |
| 29 | TJX | Tjx Companies Inc | 股票-周期性消费 | 0.90% | -0.16% | -1.61% | |
| 30 | WTM | White Mountains Insurance Group, Ltd. | 股票-金融 | 0.89% | -0.19% | -0.21% | |
| 31 | ICE | Intercontinental Exchange In | 股票-金融 | 0.87% | -0.31% | -0.19% | |
| 32 | LH | Labcorp Holdings Inc | 股票-医疗保健 | 0.86% | -0.04% | -1.81% | |
| 33 | FIS | Fidelity National Info Serv | 股票-科技 | 0.84% | -0.20% | -4.05% | |
| 34 | AGI | Alamos Gold Inc-class A | 股票-原材料 | 0.84% | -0.09% | +512.39% | |
| 35 | PKG | Packaging CORP Of America | 股票-周期性消费 | 0.83% | -0.03% | +368.94% | |
| 36 | TMO | Thermo Fisher Scientific Inc | 股票-医疗保健 | 0.82% | +0.01% | -2.52% | |
| 37 | DIS | Walt Disney Co/the | 股票-通信服务 | 0.80% | -0.08% | +1.02% | |
| 38 | FNV | Franco-nevada CORP | 股票-原材料 | 0.75% | -0.19% | +6.29% | |
| 39 | MDLZ | Mondelez International Inc-a | 股票-非周期性消费 | 0.74% | -0.08% | +5.35% | |
| 40 | AON | Aon plc | 股票-金融 | 0.73% | -0.09% | -0.19% | |
| 41 | PBI | Pitney Bowes Inc | 股票-其他 | 0.72% | — | +89.45% | |
| 42 | PLD | Prologis Inc | 股票-房地产 | 0.69% | -0.12% | +7.37% | |
| 43 | TOL | Toll Brothers Inc | 股票-周期性消费 | 0.69% | +0.01% | -12.71% | |
| 44 | HD | Home Depot Inc | 股票-周期性消费 | 0.68% | -0.02% | -1.51% | |
| 45 | BNY | Bank Of New York Mellon CORP | 股票-金融 | 0.66% | +0.04% | -2.99% | |
| 46 | JNJ | Johnson & Johnson | 股票-医疗保健 | 0.64% | -0.06% | -2.40% | |
| 47 | BRK-A | Berkshire Hathaway Inc-cl A | 股票-其他 | 0.63% | -0.04% | -2.22% | |
| 48 | LOW | Lowe's Cos Inc | 股票-周期性消费 | 0.61% | -0.08% | -7.60% | |
| 49 | XYL | Xylem Inc | 股票-工业 | 0.61% | -0.01% | -1.72% | |
| 50 | CVX | Chevron CORP | 股票-能源 | 0.59% | -0.23% | +13.65% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | ORCL | Oracle CORP | +1.5% | -16.72% | 加仓 |
| 2 | NVDA | Nvidia CORP | +1.2% | +2.54% | 加仓 |
| 3 | GIL | Gildan Activewear Inc | +1% | +51.87% | 加仓 |
| 4 | MSFT | Microsoft CORP | +1% | -0.75% | 减仓 |
| 5 | ADI | Analog Devices Inc | +1% | +28.06% | 加仓 |
| 6 | AEM | Agnico Eagle Mines LTD | +0.8% | +14.98% | 加仓 |
| 7 | AGI | Alamos Gold Inc-class A | +0.7% | +512.39% | 加仓 |
| 8 | VRT | Vertiv Holdings Co-a | +0.7% | -3.25% | 减仓 |
| 9 | PKG | Packaging CORP Of America | +0.7% | +368.94% | 加仓 |
| 10 | TOL | Toll Brothers Inc | +0.6% | -12.71% | 加仓 |
| 11 | GOOGL | Alphabet Inc-cl A | +0.5% | -1.01% | 减仓 |
| 12 | PBI | Pitney Bowes Inc | +0.5% | +89.45% | 加仓 |
| 13 | UBER | Uber Technologies Inc | +0.5% | +64.79% | 加仓 |
| 14 | MRP | Millrose Properties | +0.4% | +0.97% | 加仓 |
| 15 | CSTM | Constellium SE | +0.4% | +5.25% | 加仓 |
| 16 | AVGO | Broadcom Inc | +0.4% | -41.57% | 减仓 |
| 17 | INTC | Intel CORP | +0.3% | +164.96% | 加仓 |
| 18 | PWR | Quanta Services Inc | +0.3% | -3.56% | 减仓 |
| 19 | AMZN | Amazon.com Inc | +0.2% | +2.61% | 加仓 |
| 20 | PLD | Prologis Inc | +0.2% | +7.37% | 加仓 |
| 21 | URBN | Urban Outfitters Inc | +0.2% | +318.09% | 加仓 |
| 22 | UNP | Union Pacific CORP | +0.2% | +108.31% | 加仓 |
| 23 | FCNCA | First Citizens Bcshs -cl A | +0.2% | -28.70% | 加仓 |
| 24 | FNV | Franco-nevada CORP | +0.2% | +6.29% | 加仓 |
| 25 | GOOG | Alphabet Inc-cl C | +0.2% | -6.93% | 减仓 |
| 26 | BN | Brookfield CORP | +0.2% | -3.31% | 减仓 |
| 27 | CRH | CRH plc | +0.2% | -11.44% | 减仓 |
| 28 | JPM | Jpmorgan Chase & Co | +0.1% | -2.98% | 减仓 |
| 29 | AAPL | Apple Inc | -0.2% | -1.71% | 减仓 |
| 30 | AL | Air Lease CORP | -0.3% | -42.10% | 减仓 |
| 31 | FISV | Fiserv Inc | -0.3% | +2.70% | 加仓 |
| 32 | ADBE | Adobe Inc | -0.5% | -72.96% | 减仓 |
| 33 | REGN | Regeneron Pharmaceuticals | -0.6% | +13.67% | 减仓 |
| 34 | FTV | Fortive CORP | -0.6% | -60.99% | 减仓 |
| 35 | DHR | Danaher CORP | -0.7% | -42.42% | 减仓 |
| 36 | EQT | Eqt CORP | -0.8% | -49.96% | 减仓 |
| 37 | BRK-B | Berkshire Hathaway Inc-cl B | -0.8% | -0.60% | 减仓 |
| 38 | GM | General Motors Co | -1% | -39.82% | 减仓 |
| 39 | FIS | Fidelity National Info Serv | -1% | -4.05% | 减仓 |
| 40 | FUN | Six Flags Entertainment CORP | -1.1% | -99.00% | 减仓 |
| 41 | FTAI | FTAI Aviation Ltd. | -1.3% | -87.99% | 减仓 |
| 42 | EXE | Expand Energy CORP | — | EXIT | 清仓 |
| 43 | B | Barrick Mining CORP | — | NEW | 新建仓 |
| 44 | AMRZ | Amrize Ltd | — | NEW | 新建仓 |
| 45 | XPO | Xpo Inc | — | EXIT | 清仓 |
| 46 | UAL | United Airlines Holdings Inc | — | EXIT | 清仓 |
| 47 | AMCR | Amcor plc | — | NEW | 新建仓 |
| 48 | CHKP | Check Point Software Technologies Ltd. | — | NEW | 新建仓 |
| 49 | JEF | Jefferies Financial Group In | — | EXIT | 清仓 |
| 50 | BERYEUR | Berry Global Group Inc | — | EXIT | 清仓 |
根据 SEC 官方 Form 13F 申报备案，Cannell & Spears LLC 在 Q3 2025 季度的美股持仓总市值约为 US$56.2亿，共申报了 400 个公开持股仓位。
在 Q3 2025 季度，Cannell & Spears LLC 按市值排列的前三大核心持股分别为：MSFT (7.3%)、AAPL (3.7%)、GOOG (3.6%)。其中最大持股仓位 MSFT 占据整体投资组合约 7.3% 的权重。
在 Q3 2025 季度中，Cannell & Spears LLC 共进行了 50 项持仓异动，包含新建仓 4 个仓位、加仓 20 个仓位、减仓 21 个仓位以及清仓 5 个仓位。 其中最大新建仓标的为 B。 本季清仓仓位包含 EXE。
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。