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: 0001569758
申报总市值
US$77.1亿
US$77.1亿
130 檔
30.2%
Carmignac Gestion 在 Q3 2025 季度的美股仓位总计估值为 US$77.1亿，分散于 130 个持仓标的之中，反映其市场参与广度与投资规模。
Carmignac Gestion 在 Q3 2025 进行了结构性的板块轮动与仓位换股。在开立 43 个全新仓位及加仓 44 档持股的同时，亦同步清仓 65 档并减仓 41 档标的。
在资产配置集中度方面，Carmignac Gestion 的前 5 大核心持股（包含 NVDA, GOOGL, AMZN 等）合计占整体申报市值的 30.2%，反映机构在主要关键仓位上的权重分布。
| # | 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 | NVDA | Nvidia CORP | 股票-科技 | 9.59% | +0.22% | -8.16% | |
| 2 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 8.45% | -0.59% | -11.53% | |
| 3 | AMZN | Amazon.com Inc | 股票-周期性消费 | 6.74% | -1.91% | -4.37% | |
| 4 | SPGI | S&p Global Inc | 股票-金融 | 5.23% | -1.38% | +54.23% | |
| 5 | MELI | Mercadolibre Inc | 股票-周期性消费 | 4.63% | -2.43% | -2.74% | |
| 6 | COR | Cencora Inc | 股票-医疗保健 | 4.08% | +1.10% | -5.06% | |
| 7 | MCK | Mckesson CORP | 股票-医疗保健 | 3.62% | +1.92% | -19.47% | |
| 8 | MSFT | Microsoft CORP | 股票-科技 | 3.38% | +1.79% | -10.46% | |
| 9 | META | Meta Platforms Inc-class A | 股票-通信服务 | 2.95% | -0.25% | +30.51% | |
| 10 | SLB | Slb LTD | 股票-能源 | 2.94% | -0.24% | — | |
| 11 | ICE | Intercontinental Exchange In | 股票-金融 | 2.90% | +0.53% | +8.03% | |
| 12 | NOW | Servicenow Inc | 股票-科技 | 2.67% | -1.95% | +57.61% | |
| 13 | APH | Amphenol Corp-cl A | 股票-科技 | 2.49% | +0.92% | -27.70% | |
| 14 | EFX | Equifax Inc | 股票-工业 | 2.38% | +0.45% | +7.27% | |
| 15 | MA | Mastercard Inc - A | 股票-金融 | 2.36% | +1.96% | +4055.40% | |
| 16 | ANET | Arista Networks Inc | 股票-科技 | 2.18% | -1.25% | -0.67% | |
| 17 | TW | Tradeweb Markets Inc-class A | 股票-金融 | 2.08% | +0.88% | +119.90% | |
| 18 | XYZ | Block Inc | 股票-金融 | 2.06% | -1.72% | -6.69% | |
| 19 | VIPS | Vipshop Holdings LTD - Adr | 股票-周期性消费 | 1.91% | -0.23% | -31.46% | |
| 20 | TMO | Thermo Fisher Scientific Inc | 股票-医疗保健 | 1.78% | -0.02% | -36.98% | |
| 21 | CRM | Salesforce Inc | 股票-科技 | 1.75% | -2.79% | EXIT | |
| 22 | ITUB | Itau Unibanco H-spon Prf Adr | 股票-金融 | 1.23% | +0.19% | -19.67% | |
| 23 | ETN | Eaton Corporation plc | 股票-工业 | 1.21% | — | -43.12% | |
| 24 | CDNS | Cadence Design Sys Inc | 股票-科技 | 1.14% | — | -38.37% | |
| 25 | LLY | Eli Lilly & Co | 股票-医疗保健 | 1.10% | -0.01% | EXIT | |
| 26 | VRTX | Vertex Pharmaceuticals Inc | 股票-医疗保健 | 1.09% | +0.03% | -17.49% | |
| 27 | AVGO | Broadcom Inc | 股票-科技 | 0.98% | +4.07% | -76.02% | |
| 28 | ABNB | Airbnb Inc-class A | 股票-周期性消费 | 0.85% | -0.06% | +19.80% | |
| 29 | SE | Sea Ltd-adr | 股票-通信服务 | 0.76% | — | — | |
| 30 | LIN | Linde plc | 股票-原材料 | 0.66% | — | -10.84% | |
| 31 | LNTH | Lantheus Holdings Inc | 股票-医疗保健 | 0.62% | +0.38% | +171.85% | |
| 32 | KEYS | Keysight Technologies In | 股票-科技 | 0.61% | -0.04% | EXIT | |
| 33 | FIX | Comfort Systems USA Inc | 股票-工业 | 0.60% | — | -62.97% | |
| 34 | CLS | Celestica Inc | 股票-科技 | 0.58% | +0.91% | NEW | |
| 35 | ACN | Accenture plc | 股票-科技 | 0.53% | -0.01% | EXIT | |
| 36 | AEM | Agnico Eagle Mines LTD | 股票-原材料 | 0.51% | +0.23% | NEW | |
| 37 | ORLY | O'reilly Automotive Inc | 股票-周期性消费 | 0.51% | — | -50.26% | |
| 38 | CL | Colgate-palmolive Co | 股票-非周期性消费 | 0.47% | -0.07% | — | |
| 39 | PG | Procter & Gamble Co/the | 股票-非周期性消费 | 0.46% | -0.05% | +14.88% | |
| 40 | ALGN | Align Technology Inc | 股票-医疗保健 | 0.45% | +0.10% | +363.10% | |
| 41 | DOCS | Doximity Inc-class A | 股票-医疗保健 | 0.45% | -0.91% | — | |
| 42 | CNC | Centene CORP | 股票-医疗保健 | 0.45% | — | -60.57% | |
| 43 | GTLB | Gitlab Inc-cl A | 股票-科技 | 0.45% | +0.27% | — | |
| 44 | NEM | Newmont CORP | 股票-原材料 | 0.44% | — | -43.50% | |
| 45 | GL | Globe Life Inc | 股票-金融 | 0.34% | -0.11% | +114.86% | |
| 46 | HTHT | H World Group Ltd-adr | 股票-其他 | 0.34% | — | — | |
| 47 | VTMX | CORP Inmobiliaria Vesta-adr | 股票-其他 | 0.32% | -0.05% | — | |
| 48 | KSPI | Jsc Kaspi.kz Adr | 股票-其他 | 0.31% | — | +36.17% | |
| 49 | SNPS | Synopsys Inc | 股票-科技 | 0.30% | — | -76.33% | |
| 50 | EDU | New Oriental Educatio-sp Adr | 股票-非周期性消费 | 0.29% | -0.10% | +36.92% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | GOOGL | Alphabet Inc-cl A | +4.2% | -11.53% | 加仓 |
| 2 | NVDA | Nvidia CORP | +2.5% | -8.16% | 减仓 |
| 3 | SPGI | S&p Global Inc | +2.4% | +54.23% | 加仓 |
| 4 | ANET | Arista Networks Inc | +1.9% | -0.67% | 加仓 |
| 5 | CRM | Salesforce Inc | +1.7% | +107.71% | 加仓 |
| 6 | META | Meta Platforms Inc-class A | +1.5% | +30.51% | 加仓 |
| 7 | MA | Mastercard Inc - A | +1.4% | +4055.40% | 加仓 |
| 8 | NOW | Servicenow Inc | +1.3% | +57.61% | 加仓 |
| 9 | TW | Tradeweb Markets Inc-class A | +1.3% | +119.90% | 加仓 |
| 10 | MELI | Mercadolibre Inc | +0.8% | -2.74% | 加仓 |
| 11 | ACN | Accenture plc | +0.4% | +379.33% | 加仓 |
| 12 | KEYS | Keysight Technologies In | +0.3% | +7.35% | 加仓 |
| 13 | LNTH | Lantheus Holdings Inc | +0.3% | +171.85% | 加仓 |
| 14 | ALGN | Align Technology Inc | +0.3% | +363.10% | 加仓 |
| 15 | APH | Amphenol Corp-cl A | +0.3% | -27.70% | 减仓 |
| 16 | TMO | Thermo Fisher Scientific Inc | +0.2% | -36.98% | 加仓 |
| 17 | CLS | Celestica Inc | +0.2% | -51.46% | 减仓 |
| 18 | TG7 | Triumph Group Inc | +0.2% | +55.76% | 加仓 |
| 19 | SE | Sea Ltd-adr | +0.2% | — | 加仓 |
| 20 | ✓ | Wns Holdings LTD | +0.2% | +1456.39% | 加仓 |
| 21 | ✓ | Merus N V | +0.2% | -21.98% | 加仓 |
| 22 | GL | Globe Life Inc | +0.2% | +114.86% | 加仓 |
| 23 | MSFT | Microsoft CORP | +0.1% | -10.46% | 减仓 |
| 24 | FYBR | Frontier Communications Pare | +0.1% | — | 加仓 |
| 25 | DOCS | Doximity Inc-class A | +0.1% | — | 加仓 |
| 26 | XYZ | Block Inc | +0.1% | -6.69% | 减仓 |
| 27 | VRTX | Vertex Pharmaceuticals Inc | +0.1% | -17.49% | 加仓 |
| 28 | NEM | Newmont CORP | +0.1% | -43.50% | 减仓 |
| 29 | KSPI | Jsc Kaspi.kz Adr | +0.1% | +36.17% | 加仓 |
| 30 | EDU | New Oriental Educatio-sp Adr | +0.1% | +36.92% | 加仓 |
| 31 | PRA | Proassurance CORP | +0.1% | +117.79% | 加仓 |
| 32 | VTMX | CORP Inmobiliaria Vesta-adr | 0% | — | 加仓 |
| 33 | VNET | Vnet Group Inc-adr | 0% | +35.68% | 加仓 |
| 34 | SPOT | Spotify Technology S.A. | 0% | +539.80% | 加仓 |
| 35 | FNV | Franco-nevada CORP | 0% | +28.57% | 加仓 |
| 36 | AAPL | Apple Inc | 0% | -20.56% | 加仓 |
| 37 | ESGRP | Enstar Group Limited - Deposita | 0% | +22.42% | 加仓 |
| 38 | KEL | Kellanova | 0% | — | 加仓 |
| 39 | INTU | Intuit Inc | 0% | +3.53% | 加仓 |
| 40 | ICE | Intercontinental Exchange In | 0% | +8.03% | 加仓 |
| 41 | HD | Home Depot Inc | 0% | -12.48% | 加仓 |
| 42 | TASK | Taskus Inc-a | 0% | -29.15% | 加仓 |
| 43 | ALAB | Astera Labs Inc | 0% | -76.92% | 减仓 |
| 44 | LAUR | Laureate Education Inc | 0% | — | 不变 |
| 45 | TME | Tencent Music Entertainm-adr | — | -27.02% | 减仓 |
| 46 | SHW | Sherwin-williams Co/the | — | -8.75% | 减仓 |
| 47 | GOTU | Gaotu Techedu Inc | — | +110.91% | 加仓 |
| 48 | TSLA | Tesla Inc | — | — | 减仓 |
| 49 | GRMN | Garmin Ltd. | — | — | 不变 |
| 50 | HTHT | H World Group Ltd-adr | 0% | — | 加仓 |
根据 SEC 官方 Form 13F 申报备案，Carmignac Gestion 在 Q3 2025 季度的美股持仓总市值约为 US$77.1亿，共申报了 130 个公开持股仓位。
在 Q3 2025 季度，Carmignac Gestion 按市值排列的前三大核心持股分别为：NVDA (9.6%)、GOOGL (8.4%)、AMZN (6.7%)。其中最大持股仓位 NVDA 占据整体投资组合约 9.6% 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
ABNB
市值: US$5686.9万
本季最大获利了结 / 清仓标的
PH
前期市值: US$1.1亿
在 Q3 2025 季度中，Carmignac Gestion 共进行了 193 项持仓异动，包含新建仓 43 个仓位、加仓 44 个仓位、减仓 41 个仓位以及清仓 65 个仓位。 其中最大新建仓标的为 ABNB。 本季清仓仓位包含 PH。
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。
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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。