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
1205 檔
55.1%
Capstone Investment Advisors, LLC 在 Q3 2025 季度的美股仓位总计估值为 US$540.4亿，分散于 1205 个持仓标的之中，反映其市场参与广度与投资规模。
在 Q3 2025，Capstone Investment Advisors, LLC 操作展现出积极扩展与加仓意向。本季共新建仓 31 个新仓位，并对 99 个既有持股进行加仓（合计增持 130 档），相较减仓与清仓仓位显著占优。
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, MSFT 等）合计占整体申报市值的 55.1%，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 1205 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 | 32.26% | -5.08% | +30.57% | |
| 2 | NVDA | Nvidia CORP | 股票-科技 | 7.99% | +2.88% | -3.51% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 5.47% | +2.10% | +40.12% | |
| 4 | TSLA | Tesla Inc | 股票-周期性消费 | 5.00% | +0.32% | -41.04% | |
| 5 | AMZN | Amazon.com Inc | 股票-周期性消费 | 4.71% | -1.55% | +23.24% | |
| 6 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 3.95% | +0.82% | +173.48% | |
| 7 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 2.96% | -11.73% | +24.13% | |
| 8 | AAPL | Apple Inc | 股票-科技 | 2.69% | +1.08% | -37.56% | |
| 9 | AMD | Advanced Micro Devices | 股票-科技 | 1.87% | +0.18% | -5.91% | |
| 10 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 1.81% | -0.23% | -35.24% | |
| 11 | META | Meta Platforms Inc-class A | 股票-通信服务 | 1.40% | +0.41% | +153.62% | |
| 12 | IVV | Ishares Core S&p 500 ETF | ETF-大型股与成长 | 1.20% | +0.39% | +0.32% | |
| 13 | EEM | Ishares Msci Emerging Market | ETF-新兴市场 | 0.97% | -0.02% | -0.48% | |
| 14 | XLF | Ss Financial Select Sector | ETF-其他 | 0.86% | +0.40% | +244.53% | |
| 15 | AVGO | Broadcom Inc | 股票-科技 | 0.83% | +0.32% | +106.43% | |
| 16 | GOOG | Alphabet Inc-cl C | 股票-通信服务 | 0.72% | -0.25% | -25.54% | |
| 17 | VOO | Vanguard S&p 500 ETF | ETF-大型股与成长 | 0.70% | +0.20% | +202.81% | |
| 18 | FXI | Ishares China Large-cap ETF | ETF-新兴市场 | 0.59% | +0.17% | +114.73% | |
| 19 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-非投资级债 | 0.54% | -0.04% | +38.10% | |
| 20 | XOP | Ss Spdr S&p Og Exp & Prod | ETF-其他 | 0.51% | -0.21% | +122.73% | |
| 21 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.50% | +0.42% | +52.96% | |
| 22 | IBM | Intl Business Machines CORP | 股票-科技 | 0.43% | -0.08% | +459.76% | |
| 23 | EFA | Ishares Msci Eafe ETF | ETF-其他 | 0.41% | -0.32% | +419.12% | |
| 24 | ORCL | Oracle CORP | 股票-科技 | 0.40% | +0.16% | +225.22% | |
| 25 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.38% | +0.09% | +65.96% | |
| 26 | XME | Ss Spdr S&p Metals Mining | ETF-其他 | 0.37% | — | +174.71% | |
| 27 | IBIT | Ishares Bitcoin Trust ETF | ETF-加密货币 | 0.34% | -0.05% | +25.89% | |
| 28 | C | Citigroup Inc | 股票-金融 | 0.34% | +0.04% | +17.35% | |
| 29 | WMT | Walmart Inc | 股票-非周期性消费 | 0.34% | — | +246.42% | |
| 30 | WDC 3 11-15-28债券 | Western Digital CORP | 债券 | 0.33% | +1.51% | — | |
| 31 | CSCO | Cisco Systems Inc | 股票-科技 | 0.31% | +0.14% | +386.54% | |
| 32 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.28% | +0.10% | +81.06% | |
| 33 | V | Visa Inc-class A Shares | 股票-金融 | 0.27% | -0.03% | +109.03% | |
| 34 | NFLX | Netflix Inc | 股票-通信服务 | 0.24% | +0.04% | +101.10% | |
| 35 | MA | Mastercard Inc - A | 股票-金融 | 0.24% | -0.04% | +99.86% | |
| 36 | INTC | Intel CORP | 股票-科技 | 0.23% | +0.42% | +105.92% | |
| 37 | SMH | Vaneck Semiconductor ETF | ETF-其他 | 0.23% | +0.44% | +413.65% | |
| 38 | LLY | Eli Lilly & Co | 股票-医疗保健 | 0.23% | +0.11% | +63.15% | |
| 39 | COST | Costco Wholesale CORP | 股票-非周期性消费 | 0.21% | -0.03% | +85.21% | |
| 40 | XLE | Ss Energy Select Sector | ETF-其他 | 0.21% | +0.02% | +75.78% | |
| 41 | UBER | Uber Technologies Inc | 股票-工业 | 0.21% | +0.01% | +320.71% | |
| 42 | IDCC 3.5 06-01-27债券 | Interdigital Inc | 债券 | 0.19% | +0.01% | — | |
| 43 | ABBV | Abbvie Inc | 股票-医疗保健 | 0.18% | +0.02% | +28.31% | |
| 44 | BAC | Bank Of America CORP | 股票-金融 | 0.18% | +0.01% | +59.70% | |
| 45 | NET 0 08-15-26债券 | Cloudflare Inc | 债券 | 0.16% | -0.03% | -2.10% | |
| 46 | FOX | Fox CORP - Class B | 股票-通信服务 | 0.16% | +0.01% | +657.98% | |
| 47 | IONS 0 04-01-26债券 | Ionis Pharmaceuticals In | 债券 | 0.16% | — | +7.70% | |
| 48 | UNH | Unitedhealth Group Inc | 股票-医疗保健 | 0.15% | +0.07% | +25.20% | |
| 49 | HD | Home Depot Inc | 股票-周期性消费 | 0.15% | +0.03% | +60.06% | |
| 50 | PANW | Palo Alto Networks Inc | 股票-科技 | 0.15% | +0.05% | +253.20% |
| # | 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 | +7.5% | +30.57% | 加仓 |
| 2 | IWM | Ishares Russell 2000 ETF | +2.3% | +173.48% | 加仓 |
| 3 | NVDA | Nvidia CORP | +1% | -3.51% | 减仓 |
| 4 | AMD | Advanced Micro Devices | +0.9% | -5.91% | 加仓 |
| 5 | META | Meta Platforms Inc-class A | +0.6% | +153.62% | 加仓 |
| 6 | VOO | Vanguard S&p 500 ETF | +0.4% | +202.81% | 加仓 |
| 7 | EFA | Ishares Msci Eafe ETF | +0.4% | +419.12% | 加仓 |
| 8 | XLF | Ss Financial Select Sector | +0.4% | +244.53% | 加仓 |
| 9 | C | Citigroup Inc | +0.3% | +17.35% | 加仓 |
| 10 | XME | Ss Spdr S&p Metals Mining | +0.3% | +174.71% | 加仓 |
| 11 | FXI | Ishares China Large-cap ETF | +0.2% | +114.73% | 加仓 |
| 12 | ORCL | Oracle CORP | +0.2% | +225.22% | 加仓 |
| 13 | IBM | Intl Business Machines CORP | +0.2% | +459.76% | 加仓 |
| 14 | IBIT | Ishares Bitcoin Trust ETF | +0.2% | +25.89% | 加仓 |
| 15 | CSCO | Cisco Systems Inc | +0.2% | +386.54% | 加仓 |
| 16 | CORZ | Core Scientific Inc | +0.2% | +2977.72% | 加仓 |
| 17 | AVGO | Broadcom Inc | +0.1% | +106.43% | 减仓 |
| 18 | UBER | Uber Technologies Inc | +0.1% | +320.71% | 加仓 |
| 19 | LULU | Lululemon Athletica Inc | +0.1% | +683.17% | 加仓 |
| 20 | INTC | Intel CORP | +0.1% | +105.92% | 加仓 |
| 21 | PANW | Palo Alto Networks Inc | +0.1% | +253.20% | 加仓 |
| 22 | AMAT | Applied Materials Inc | +0.1% | +143.48% | 加仓 |
| 23 | INTU | Intuit Inc | +0.1% | +186.72% | 加仓 |
| 24 | EEM | Ishares Msci Emerging Market | +0.1% | -0.48% | 加仓 |
| 25 | FCX | Freeport-mcmoran Inc | +0.1% | +457.93% | 加仓 |
| 26 | FLS | Flowserve CORP | +0.1% | +545.49% | 加仓 |
| 27 | EXAS 0.375 03-15-27债券 | Exact Sciences CORP | +0.1% | +60.46% | 加仓 |
| 28 | DXCM 0.25 11-15-25债券 | Dexcom Inc | +0.1% | — | 加仓 |
| 29 | GE | General Electric | +0.1% | +168.45% | 加仓 |
| 30 | SPOT 0 03-15-26债券 | Spotify USA Inc | +0.1% | +51.94% | 加仓 |
| 31 | CNMD 2.25 06-15-27债券 | Conmed CORP | +0.1% | +88.10% | 加仓 |
| 32 | ALRM 0 01-15-26债券 | Alarm.com Hldgs Inc | +0.1% | +12.07% | 加仓 |
| 33 | PLTR | Palantir Technologies Inc-a | 0% | +81.06% | 减仓 |
| 34 | CAT | Caterpillar Inc | 0% | -25.30% | 加仓 |
| 35 | CRWD | Crowdstrike Holdings Inc - A | 0% | +366.65% | 加仓 |
| 36 | DELL | Dell Technologies -c | 0% | +372.77% | 加仓 |
| 37 | ASND 2.25 04-01-28债券 | Ascendis Pharma A/s | 0% | +129.03% | 加仓 |
| 38 | MA | Mastercard Inc - A | 0% | +99.86% | 加仓 |
| 39 | IDCC 3.5 06-01-27债券 | Interdigital Inc | 0% | — | 不变 |
| 40 | IONS 0 04-01-26债券 | Ionis Pharmaceuticals In | 0% | +7.70% | 加仓 |
| 41 | PM | Philip Morris International | 0% | +167.71% | 加仓 |
| 42 | GS | Goldman Sachs Group Inc | 0% | +30.29% | 加仓 |
| 43 | LOW | Lowe's Cos Inc | 0% | +249.73% | 加仓 |
| 44 | VZ | Verizon Communications Inc | 0% | +114.18% | 加仓 |
| 45 | PRGS 1 04-15-26债券 | Progress Software CORP | 0% | +133.42% | 加仓 |
| 46 | IMAX 0.5 04-01-26债券 | Imax CORP | 0% | +114.86% | 加仓 |
| 47 | MRVL | Marvell Technology Inc | 0% | +35.07% | 加仓 |
| 48 | MRNA | Moderna Inc | 0% | +1235.16% | 加仓 |
| 49 | NSC | Norfolk Southern CORP | 0% | +348.53% | 加仓 |
| 50 | FDX | Fedex CORP | 0% | +127.14% | 加仓 |
根据 SEC 官方 Form 13F 申报备案，Capstone Investment Advisors, LLC 在 Q3 2025 季度的美股持仓总市值约为 US$540.4亿，共申报了 1205 个公开持股仓位。
在 Q3 2025 季度，Capstone Investment Advisors, LLC 按市值排列的前三大核心持股分别为：SPY (32.3%)、NVDA (8.0%)、MSFT (5.5%)。其中最大持股仓位 SPY 占据整体投资组合约 32.3% 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
WDC 3 11-15-28
市值: US$1.7亿
本季最大获利了结 / 清仓标的
NVMI 0 10-15-25
前期市值: US$1.2亿
在 Q3 2025 季度中，Capstone Investment Advisors, LLC 共进行了 198 项持仓异动，包含新建仓 31 个仓位、加仓 99 个仓位、减仓 27 个仓位以及清仓 41 个仓位。 其中最大新建仓标的为 WDC 3 11-15-28。 本季清仓仓位包含 NVMI 0 10-15-25。
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。