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
1002 檔
64.0%
在 Q1 2026 的 13F 官方备案中，Capstone Investment Advisors, LLC 管理的美股投资组合规模来到 US$540.4亿，整体持股档数为 1002 档。
在 Q1 2026，Capstone Investment Advisors, LLC 操作展现出积极扩展与加仓意向。本季共新建仓 16 个新仓位，并对 104 个既有持股进行加仓（合计增持 120 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 QQQ, SPY, AMZN 等）合计占整体申报市值的 64.0%，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
WBS
市值: US$5897.2万
本季最大获利了结 / 清仓标的
IONS 0 04-01-26
前期市值: US$1.2亿
仅显示前 200 大持股（共 1002 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 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 26.79% | -11.73% | +258.47% | |
| 2 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股与成长 | 19.36% | -5.08% | -18.04% | |
| 3 | AMZN | Amazon.com Inc | 股票-周期性消费 | 5.22% | -1.55% | +88.23% | |
| 4 | MSFT | Microsoft CORP | 股票-科技 | 4.48% | +2.10% | +160.86% | |
| 5 | NVDA | Nvidia CORP | 股票-科技 | 4.43% | +2.88% | -37.12% | |
| 6 | TSLA | Tesla Inc | 股票-周期性消费 | 2.78% | +0.32% | +20.77% | |
| 7 | AAPL | Apple Inc | 股票-科技 | 2.32% | +1.08% | +7.09% | |
| 8 | IVV | Ishares Core S&p 500 ETF | ETF-大型股与成长 | 1.77% | +0.39% | -12.53% | |
| 9 | GOOG | Alphabet Inc-cl C | 股票-通信服务 | 1.62% | -0.25% | -10.51% | |
| 10 | FXI | Ishares China Large-cap ETF | ETF-新兴市场 | 1.42% | +0.17% | +58.56% | |
| 11 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 1.32% | -0.23% | -60.81% | |
| 12 | LITE 1.5 12-15-29债券 | Lumentum Holdings Inc | 债券 | 1.31% | -1.31% | EXIT | |
| 13 | META | Meta Platforms Inc-class A | 股票-通信服务 | 1.15% | +0.41% | -11.16% | |
| 14 | XLF | Ss Financial Select Sector | ETF-其他 | 1.12% | +0.40% | +1.57% | |
| 15 | WDC 3 11-15-28债券 | Western Digital CORP | 债券 | 1.00% | +1.51% | +36.44% | |
| 16 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | ETF-投资级公司债 | 0.97% | +0.29% | +568.69% | |
| 17 | WBD | Warner Bros Discovery Inc | 股票-通信服务 | 0.93% | -0.65% | +157.65% | |
| 18 | VOO | Vanguard S&p 500 ETF | ETF-大型股与成长 | 0.89% | +0.20% | -18.06% | |
| 19 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 0.78% | +0.82% | -75.69% | |
| 20 | AVGO | Broadcom Inc | 股票-科技 | 0.77% | +0.32% | -21.54% | |
| 21 | AMD | Advanced Micro Devices | 股票-科技 | 0.62% | +0.18% | -66.11% | |
| 22 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-非投资级债 | 0.62% | -0.04% | +22.03% | |
| 23 | EEM | Ishares Msci Emerging Market | ETF-新兴市场 | 0.53% | -0.02% | -36.04% | |
| 24 | NBIS | Nebius Group N.V. | 股票-其他 | 0.39% | +0.76% | +19.33% | |
| 25 | ORCL | Oracle CORP | 股票-科技 | 0.36% | +0.16% | +22.09% | |
| 26 | EFA | Ishares Msci Eafe ETF | ETF-其他 | 0.36% | -0.32% | +8355.24% | |
| 27 | EWZ | Ishares Msci Brazil ETF | ETF-其他 | 0.36% | -0.31% | +17.50% | |
| 28 | ECHO 3.875 11-30-30债券 | Echostar CORP | 债券 | 0.33% | +0.05% | -99.40% | |
| 29 | MU | Micron Technology Inc | 股票-科技 | 0.31% | +1.38% | +38.61% | |
| 30 | XOM | Exxon Mobil CORP | 股票-能源 | 0.31% | -0.01% | +269.94% | |
| 31 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.30% | +0.10% | +122.86% | |
| 32 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.29% | +0.09% | +48.65% | |
| 33 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.27% | +0.42% | +63.97% | |
| 34 | IBIT | Ishares Bitcoin Trust ETF | ETF-加密货币 | 0.24% | -0.05% | +3.48% | |
| 35 | IDCC 3.5 06-01-27债券 | Interdigital Inc | 债券 | 0.23% | +0.01% | +53.26% | |
| 36 | XOP | Ss Spdr S&p Og Exp & Prod | ETF-其他 | 0.23% | -0.21% | -55.86% | |
| 37 | V | Visa Inc-class A Shares | 股票-金融 | 0.20% | -0.03% | +28.96% | |
| 38 | WMT | Walmart Inc | 股票-非周期性消费 | 0.19% | — | +21.55% | |
| 39 | LLY | Eli Lilly & Co | 股票-医疗保健 | 0.19% | +0.11% | +84.44% | |
| 40 | BAC | Bank Of America CORP | 股票-金融 | 0.19% | +0.01% | +90.08% | |
| 41 | NET 0 08-15-26债券 | Cloudflare Inc | 债券 | 0.19% | -0.03% | +7.28% | |
| 42 | NFLX | Netflix Inc | 股票-通信服务 | 0.19% | +0.04% | -23.91% | |
| 43 | IBM | Intl Business Machines CORP | 股票-科技 | 0.18% | -0.08% | -23.40% | |
| 44 | JNJ | Johnson & Johnson | 股票-医疗保健 | 0.18% | +0.02% | +39.71% | |
| 45 | BBIO 2.5 03-15-27债券 | Bridgebio Pharma Inc | 债券 | 0.17% | +0.06% | +78.27% | |
| 46 | INTC | Intel CORP | 股票-科技 | 0.17% | +0.42% | -39.42% | |
| 47 | CVX | Chevron CORP | 股票-能源 | 0.15% | +0.01% | +162.72% | |
| 48 | COST | Costco Wholesale CORP | 股票-非周期性消费 | 0.14% | -0.03% | +14.43% | |
| 49 | MA | Mastercard Inc - A | 股票-金融 | 0.14% | -0.04% | +17.44% | |
| 50 | MIRM 4 05-01-29债券 | Mirum Pharmaceuticals | 债券 | 0.14% | -0.01% | +12.50% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | QQQ | Invesco Qqq Trust Series 1 | +17.9% | +258.47% | 加仓 |
| 2 | MSFT | Microsoft CORP | +2% | +160.86% | 加仓 |
| 3 | AMZN | Amazon.com Inc | +1.8% | +88.23% | 加仓 |
| 4 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | +0.8% | +568.69% | 加仓 |
| 5 | LITE 1.5 12-15-29债券 | Lumentum Holdings Inc | +0.7% | +33.29% | 加仓 |
| 6 | WBD | Warner Bros Discovery Inc | +0.5% | +157.65% | 加仓 |
| 7 | WDC 3 11-15-28债券 | Western Digital CORP | +0.5% | +36.44% | 加仓 |
| 8 | EFA | Ishares Msci Eafe ETF | +0.4% | +8355.24% | 加仓 |
| 9 | FXI | Ishares China Large-cap ETF | +0.3% | +58.56% | 加仓 |
| 10 | ECHO 3.875 11-30-30债券 | Echostar CORP | +0.3% | -99.40% | 减仓 |
| 11 | XOM | Exxon Mobil CORP | +0.2% | +269.94% | 加仓 |
| 12 | PLTR | Palantir Technologies Inc-a | +0.1% | +122.86% | 加仓 |
| 13 | MU | Micron Technology Inc | +0.1% | +38.61% | 加仓 |
| 14 | CVX | Chevron CORP | +0.1% | +162.72% | 加仓 |
| 15 | NBIS | Nebius Group N.V. | +0.1% | +19.33% | 加仓 |
| 16 | CRM | Salesforce Inc | +0.1% | +434.68% | 加仓 |
| 17 | EWZ | Ishares Msci Brazil ETF | +0.1% | +17.50% | 加仓 |
| 18 | BRK-B | Berkshire Hathaway Inc-cl B | +0.1% | +63.97% | 加仓 |
| 19 | EA | Electronic Arts Inc | +0.1% | +559.74% | 加仓 |
| 20 | BAC | Bank Of America CORP | +0.1% | +90.08% | 加仓 |
| 21 | JNJ | Johnson & Johnson | +0.1% | +39.71% | 加仓 |
| 22 | BBIO 2.5 03-15-27债券 | Bridgebio Pharma Inc | +0.1% | +78.27% | 加仓 |
| 23 | NOW | Servicenow Inc | +0.1% | +640.65% | 加仓 |
| 24 | GEV | GE Vernova Inc | +0.1% | +154.14% | 加仓 |
| 25 | JPM | Jpmorgan Chase & Co | +0.1% | +48.65% | 加仓 |
| 26 | IDCC 3.5 06-01-27债券 | Interdigital Inc | +0.1% | +53.26% | 加仓 |
| 27 | LLY | Eli Lilly & Co | +0.1% | +84.44% | 加仓 |
| 28 | C | Citigroup Inc | +0.1% | +113.75% | 加仓 |
| 29 | PG | Procter & Gamble Co/the | +0.1% | +88.13% | 加仓 |
| 30 | RTX | Rtx CORP | +0.1% | +89.47% | 加仓 |
| 31 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | 0% | +22.03% | 加仓 |
| 32 | HOOD | Robinhood Markets Inc - A | 0% | +430.90% | 加仓 |
| 33 | SNDK | Sandisk CORP | 0% | +848.10% | 加仓 |
| 34 | BA | Boeing Co/the | 0% | +148.54% | 加仓 |
| 35 | LIN | Linde plc | 0% | +137.58% | 加仓 |
| 36 | COP | Conocophillips | 0% | +182.33% | 加仓 |
| 37 | BLK | Blackrock Inc | 0% | +1246.79% | 加仓 |
| 38 | WMT | Walmart Inc | 0% | +21.55% | 加仓 |
| 39 | KRE | Ss Spdr S&p Regional Bank | 0% | +129.90% | 加仓 |
| 40 | LRCX | Lam Research CORP | 0% | +26.14% | 加仓 |
| 41 | WFC | Wells Fargo & Co | 0% | +72.31% | 加仓 |
| 42 | DE | Deere & Co | 0% | +276.67% | 加仓 |
| 43 | EWY | Ishares Msci South Korea ETF | 0% | +3166.15% | 加仓 |
| 44 | UBER | Uber Technologies Inc | 0% | +64.68% | 加仓 |
| 45 | BABA | Alibaba Group Holding-sp Adr | 0% | +306.35% | 加仓 |
| 46 | WLK | Westlake CORP | 0% | +4254.22% | 加仓 |
| 47 | APH | Amphenol Corp-cl A | 0% | +273.32% | 加仓 |
| 48 | INTU | Intuit Inc | 0% | +193.28% | 加仓 |
| 49 | CTRA | Coterra Energy Inc | 0% | +1380.00% | 加仓 |
| 50 | COST | Costco Wholesale CORP | 0% | +14.43% | 加仓 |
根据 SEC 官方 Form 13F 申报备案，Capstone Investment Advisors, LLC 在 Q1 2026 季度的美股持仓总市值约为 US$540.4亿，共申报了 1002 个公开持股仓位。
在 Q1 2026 季度，Capstone Investment Advisors, LLC 按市值排列的前三大核心持股分别为：QQQ (26.8%)、SPY (19.4%)、AMZN (5.2%)。其中最大持股仓位 QQQ 占据整体投资组合约 26.8% 的权重。
在 Q1 2026 季度中，Capstone Investment Advisors, LLC 共进行了 197 项持仓异动，包含新建仓 16 个仓位、加仓 104 个仓位、减仓 43 个仓位以及清仓 34 个仓位。 其中最大新建仓标的为 WBS。 本季清仓仓位包含 IONS 0 04-01-26。
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。
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。