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: 0001426196
申报总市值
US$540.4亿
US$540.4亿
964 檔
43.3%
根据最新整理的 13F 季度数据集，Capstone Investment Advisors, LLC 于 Q2 2025 结束时的管理资产规模为 US$540.4亿。该机构在本季度申报了 964 档美股持仓，呈现出该时期的主要投资地图。
在 Q2 2025，Capstone Investment Advisors, LLC 展现出较为审慎的避险与获利了结姿态。本季共减仓 104 个仓位并完全清仓 26 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，Capstone Investment Advisors, LLC 的前 5 大核心持股（包含 SPY, NVDA, TSLA 等）合计占整体申报市值的 43.3%，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 964 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 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股与成长 | 30.48% | -5.08% | +19.07% | |
| 2 | NVDA | Nvidia CORP | 股票-科技 | 9.32% | +2.88% | -2.30% | |
| 3 | TSLA | Tesla Inc | 股票-周期性消费 | 8.05% | +0.32% | -4.85% | |
| 4 | AMZN | Amazon.com Inc | 股票-周期性消费 | 5.08% | -1.55% | -35.62% | |
| 5 | MSFT | Microsoft CORP | 股票-科技 | 4.99% | +2.10% | -26.18% | |
| 6 | AAPL | Apple Inc | 股票-科技 | 4.62% | +1.08% | +79.91% | |
| 7 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 2.92% | -11.73% | -41.58% | |
| 8 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 2.69% | -0.23% | -20.41% | |
| 9 | AMD | Advanced Micro Devices | 股票-科技 | 2.31% | +0.18% | +90.30% | |
| 10 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 1.71% | +0.82% | +0.17% | |
| 11 | IVV | Ishares Core S&p 500 ETF | ETF-大型股与成长 | 1.47% | +0.39% | +0.32% | |
| 12 | GLD | Spdr Gold Shares | ETF-避险与商品 | 1.30% | — | -13.19% | |
| 13 | EEM | Ishares Msci Emerging Market | ETF-新兴市场 | 1.17% | -0.02% | +24.54% | |
| 14 | GOOG | Alphabet Inc-cl C | 股票-通信服务 | 0.93% | -0.25% | -33.77% | |
| 15 | META | Meta Platforms Inc-class A | 股票-通信服务 | 0.74% | +0.41% | -21.93% | |
| 16 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-非投资级债 | 0.52% | -0.04% | -58.60% | |
| 17 | AVGO | Broadcom Inc | 股票-科技 | 0.45% | +0.32% | -58.08% | |
| 18 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.42% | +0.42% | -26.74% | |
| 19 | IBIT | Ishares Bitcoin Trust ETF | ETF-加密货币 | 0.34% | -0.05% | +82.35% | |
| 20 | ZS 0.125 07-01-25债券 | Zscaler Inc. | 债券 | 0.34% | — | -6.99% | |
| 21 | FXI | Ishares China Large-cap ETF | ETF-新兴市场 | 0.33% | +0.17% | -2.07% | |
| 22 | NVMI 0 10-15-25债券 | Nova LTD | 债券 | 0.33% | — | -29.58% | |
| 23 | XLF | Ss Financial Select Sector | ETF-其他 | 0.32% | +0.40% | -34.86% | |
| 24 | C | Citigroup Inc | 股票-金融 | 0.32% | +0.04% | +256.16% | |
| 25 | XOP | Ss Spdr S&p Og Exp & Prod | ETF-其他 | 0.29% | -0.21% | -35.20% | |
| 26 | VOO | Vanguard S&p 500 ETF | ETF-大型股与成长 | 0.29% | +0.20% | -1.46% | |
| 27 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.28% | +0.09% | -46.44% | |
| 28 | AZEK | Azek Co Inc/the | 股票-其他 | 0.26% | — | +619.70% | |
| 29 | VRNS 1.25 08-15-25债券 | Varonis System Inc | 债券 | 0.25% | — | — | |
| 30 | FYBR | Frontier Communications Pare | 股票-其他 | 0.24% | — | +78.45% | |
| 31 | NET 0 08-15-26债券 | Cloudflare Inc | 债券 | 0.21% | -0.03% | +16.28% | |
| 32 | DXCM 0.25 11-15-25债券 | Dexcom Inc | 债券 | 0.20% | — | +106.11% | |
| 33 | INVA 2.5 08-15-25债券 | Innoviva Inc | 债券 | 0.20% | — | +12.04% | |
| 34 | DOCN 0 12-01-26债券 | Digitalocean Holdings | 债券 | 0.20% | — | +62.25% | |
| 35 | GDX | Vaneck Gold Miners ETF | ETF-避险与商品 | 0.19% | +0.01% | -68.12% | |
| 36 | LLY | Eli Lilly & Co | 股票-医疗保健 | 0.19% | +0.11% | -27.33% | |
| 37 | V | Visa Inc-class A Shares | 股票-金融 | 0.18% | -0.03% | -28.26% | |
| 38 | NFLX | Netflix Inc | 股票-通信服务 | 0.18% | +0.04% | -40.51% | |
| 39 | KEL | Kellanova | 股票-其他 | 0.17% | — | +172.38% | |
| 40 | ABNB 0 03-15-26债券 | Airbnb Inc | 债券 | 0.17% | — | +3.69% | |
| 41 | IDCC 3.5 06-01-27债券 | Interdigital Inc | 债券 | 0.16% | +0.01% | — | |
| 42 | IONS 0 04-01-26债券 | Ionis Pharmaceuticals In | 债券 | 0.16% | — | +27.48% | |
| 43 | COST | Costco Wholesale CORP | 股票-非周期性消费 | 0.16% | -0.03% | -37.38% | |
| 44 | MA | Mastercard Inc - A | 股票-金融 | 0.16% | -0.04% | -23.22% | |
| 45 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.15% | +0.10% | -58.71% | |
| 46 | XLE | Ss Energy Select Sector | ETF-其他 | 0.15% | +0.02% | -38.85% | |
| 47 | ABBV | Abbvie Inc | 股票-医疗保健 | 0.15% | +0.02% | -34.61% | |
| 48 | CAT | Caterpillar Inc | 股票-工业 | 0.15% | +0.09% | +112.88% | |
| 49 | UNH | Unitedhealth Group Inc | 股票-医疗保健 | 0.15% | +0.07% | +14.30% | |
| 50 | CRM | Salesforce Inc | 股票-科技 | 0.14% | +0.01% | -22.49% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | SPY | Ss Spdr S&p 500 ETF Trust-us | +5.7% | +19.07% | 加仓 |
| 2 | NVDA | Nvidia CORP | +2.3% | -2.30% | 减仓 |
| 3 | AAPL | Apple Inc | +1.7% | +79.91% | 加仓 |
| 4 | AMD | Advanced Micro Devices | +1.4% | +90.30% | 加仓 |
| 5 | TSLA | Tesla Inc | +0.7% | -4.85% | 减仓 |
| 6 | EEM | Ishares Msci Emerging Market | +0.3% | +24.54% | 加仓 |
| 7 | C | Citigroup Inc | +0.2% | +256.16% | 加仓 |
| 8 | AZEK | Azek Co Inc/the | +0.2% | +619.70% | 加仓 |
| 9 | IBIT | Ishares Bitcoin Trust ETF | +0.2% | +82.35% | 加仓 |
| 10 | EMB | Ishares Jp Morgan Usd Emergi | +0.1% | NEW | 新建仓 |
| 11 | FLR | Fluor CORP | +0.1% | NEW | 新建仓 |
| 12 | FYBR | Frontier Communications Pare | +0.1% | +78.45% | 加仓 |
| 13 | KEL | Kellanova | +0.1% | +172.38% | 加仓 |
| 14 | DXCM 0.25 11-15-25债券 | Dexcom Inc | +0.1% | +106.11% | 加仓 |
| 15 | ZS 0.125 07-01-25债券 | Zscaler Inc. | +0.1% | -6.99% | 减仓 |
| 16 | CAT | Caterpillar Inc | +0.1% | +112.88% | 加仓 |
| 17 | KNX | Knight-swift Transportation | +0.1% | +17187.41% | 加仓 |
| 18 | DOCN 0 12-01-26债券 | Digitalocean Holdings | +0.1% | +62.25% | 加仓 |
| 19 | AA | Alcoa CORP | +0.1% | NEW | 新建仓 |
| 20 | EFA | Ishares Msci Eafe ETF | +0.1% | +167.30% | 加仓 |
| 21 | MSTR 2.25 06-15-32债券 | Strategy Inc | +0.1% | NEW | 新建仓 |
| 22 | ALRM 0 01-15-26债券 | Alarm.com Hldgs Inc | +0.1% | +144.66% | 加仓 |
| 23 | IVV | Ishares Core S&p 500 ETF | +0.1% | +0.32% | 加仓 |
| 24 | NET 0 08-15-26债券 | Cloudflare Inc | +0.1% | +16.28% | 加仓 |
| 25 | QXO | Qxo Inc | +0.1% | NEW | 新建仓 |
| 26 | SPOT 0 03-15-26债券 | Spotify USA Inc | +0.1% | +32.69% | 加仓 |
| 27 | GXO | Gxo Logistics Inc | +0.1% | +38.61% | 加仓 |
| 28 | AJG | Arthur J Gallagher & Co | +0.1% | NEW | 新建仓 |
| 29 | SNOW | Snowflake Inc | 0% | +529.22% | 加仓 |
| 30 | COIN | Coinbase Global Inc -class A | 0% | +152.64% | 加仓 |
| 31 | EXAS 0.375 03-15-27债券 | Exact Sciences CORP | 0% | +125.93% | 加仓 |
| 32 | GME | Gamestop Corp-class A | 0% | +181.00% | 加仓 |
| 33 | WOO | Foot Locker Inc | 0% | NEW | 新建仓 |
| 34 | SKAA | Skechers USA Inc-cl A | 0% | NEW | 新建仓 |
| 35 | S9Q | Spirit Aerosystems Hold-cl A | 0% | +241.62% | 加仓 |
| 36 | UBER 0.875 12-01-28 2028债券 | Uber Technologies Inc | 0% | +43.43% | 加仓 |
| 37 | VRNS 1.25 08-15-25债券 | Varonis System Inc | 0% | — | 不变 |
| 38 | CNK 4.5 08-15-25债券 | Cinemark Holdings Inc | 0% | +22.26% | 加仓 |
| 39 | IONS 0 04-01-26债券 | Ionis Pharmaceuticals In | 0% | +27.48% | 加仓 |
| 40 | IGIB | Ishares 5-10y Inv Grade CORP | 0% | +342.85% | 加仓 |
| 41 | CNMD 2.25 06-15-27债券 | Conmed CORP | 0% | +223.08% | 加仓 |
| 42 | TS | Tenaris Sa-adr | 0% | +67.29% | 加仓 |
| 43 | SO 4.5 06-15-27债券 | Southern Co | 0% | NEW | 新建仓 |
| 44 | SRPT 1.25 09-15-27债券 | Sarepta Therapeutics Inc | 0% | NEW | 新建仓 |
| 45 | MRVL | Marvell Technology Inc | 0% | +72.88% | 加仓 |
| 46 | CHEF 2.375 12-15-28债券 | Chefs' Warehouse THE | 0% | +44.29% | 加仓 |
| 47 | BMRN 1.25 05-15-27债券 | Biomarin Pharmaceutical | 0% | NEW | 新建仓 |
| 48 | BTI | British American Tob-sp Adr | 0% | NEW | 新建仓 |
| 49 | MNST | Monster Beverage CORP | 0% | +136.24% | 加仓 |
| 50 | 07WA | Mr Cooper Group Inc | 0% | NEW | 新建仓 |
根据 SEC 官方 Form 13F 申报备案，Capstone Investment Advisors, LLC 在 Q2 2025 季度的美股持仓总市值约为 US$540.4亿，共申报了 964 个公开持股仓位。
在 Q2 2025 季度，Capstone Investment Advisors, LLC 按市值排列的前三大核心持股分别为：SPY (30.5%)、NVDA (9.3%)、TSLA (8.1%)。其中最大持股仓位 SPY 占据整体投资组合约 30.5% 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
EMB
市值: US$5103.4万
本季最大获利了结 / 清仓标的
X 5 11-01-26
前期市值: US$1.0亿
在 Q2 2025 季度中，Capstone Investment Advisors, LLC 共进行了 199 项持仓异动，包含新建仓 23 个仓位、加仓 46 个仓位、减仓 104 个仓位以及清仓 26 个仓位。 其中最大新建仓标的为 EMB。 本季清仓仓位包含 X 5 11-01-26。
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。