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: 0001632813
申报总市值
US$118.0亿
US$118.0亿
356 檔
26.0%
在 Q4 2025 的 13F 官方备案中，CMT Capital Markets Trading GmbH 管理的美股投资组合规模来到 US$118.0亿，整体持股档数为 356 档。
CMT Capital Markets Trading GmbH 在 Q4 2025 进行了结构性的板块轮动与仓位换股。在开立 16 个全新仓位及加仓 81 档持股的同时，亦同步清仓 4 档并减仓 98 档标的。
在资产配置集中度方面，CMT Capital Markets Trading GmbH 的前 5 大核心持股（包含 GS, ADBE, GOOG 等）合计占整体申报市值的 26.0%，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 356 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 | GS | The Goldman Sachs Group, Inc. | 股票-金融 | 11.21% | +1.04% | +669.95% | |
| 2 | ADBE | Adobe Inc. | 股票-科技 | 6.59% | -1.65% | +54.22% | |
| 3 | GOOG | Alphabet Inc. | 股票-通信服务 | 3.55% | -0.10% | +16.48% | |
| 4 | META | Meta Platforms, Inc. | 股票-通信服务 | 3.16% | -0.81% | -32.96% | |
| 5 | ✓ | Alphabet Inc | 股票-其他 | 2.77% | +0.53% | +6.64% | |
| 6 | AAPL | Apple Inc. | 股票-科技 | 2.72% | +0.25% | -20.06% | |
| 7 | MSFT | Microsoft Corporation | 股票-科技 | 2.58% | +0.38% | -3.46% | |
| 8 | ✓ | Meta Platforms Inc | 股票-其他 | 2.51% | -0.30% | -23.81% | |
| 9 | SMHC | VanEck China Semiconductor ETF | ETF-新兴市场 | 2.48% | -1.61% | +36.15% | |
| 10 | C | Citigroup Inc. | 股票-金融 | 2.44% | -1.45% | +10.29% | |
| 11 | MSFT | Microsoft Corporation | 股票-科技 | 2.31% | +0.37% | -23.14% | |
| 12 | TSLA | Tesla, Inc. | 股票-周期性消费 | 2.24% | +0.57% | +14.67% | |
| 13 | GLD | SPDR Gold Shares | ETF-避险与商品 | 2.24% | -1.01% | — | |
| 14 | JPM | JPMorgan Chase & Co. | 股票-金融 | 2.22% | -0.10% | -20.65% | |
| 15 | SHOP | Shopify Inc. | 股票-科技 | 2.14% | -0.65% | +27.26% | |
| 16 | GS | The Goldman Sachs Group, Inc. | 股票-金融 | 1.97% | +2.26% | -14.31% | |
| 17 | HOOD | Robinhood Markets, Inc. | 股票-金融 | 1.66% | +0.02% | -16.88% | |
| 18 | AMZN | Amazon.com, Inc. | 股票-周期性消费 | 1.58% | -0.21% | +39.70% | |
| 19 | GLD | SPDR Gold Shares | ETF-避险与商品 | 1.55% | -0.75% | +6.67% | |
| 20 | NFLX | Netflix, Inc. | 股票-通信服务 | 1.53% | -0.69% | +140.54% | |
| 21 | BABA | Alibaba Group Holding Limited | 股票-周期性消费 | 1.49% | -0.48% | +390.67% | |
| 22 | SMHC | VanEck China Semiconductor ETF | ETF-新兴市场 | 1.46% | -0.97% | +20.10% | |
| 23 | C | Citigroup Inc. | 股票-金融 | 1.45% | -1.10% | +5.14% | |
| 24 | TSM | Taiwan Semiconductor Manufacturing Company Limited | 股票-科技 | 1.32% | -0.13% | +0.35% | |
| 25 | TSLA | Tesla, Inc. | 股票-周期性消费 | 0.89% | +0.16% | +22.74% | |
| 26 | ✓ | Adobe Inc | 股票-其他 | 0.82% | +1.56% | +149.05% | |
| 27 | NVDA | NVIDIA Corporation | 股票-科技 | 0.80% | -0.09% | -20.79% | |
| 28 | INDS | Pacer Benchmark Industrial Real Estate SCTR ETF | ETF-其他 | 0.78% | -0.12% | -7.93% | |
| 29 | ✓ | Amazon Com Inc | 股票-其他 | 0.72% | +0.40% | +54.02% | |
| 30 | JPM | JPMorgan Chase & Co. | 股票-金融 | 0.71% | -0.18% | -72.64% | |
| 31 | PYPL | PayPal Holdings, Inc. | 股票-金融 | 0.69% | -0.11% | -7.32% | |
| 32 | AMD | Advanced Micro Devices, Inc. | 股票-科技 | 0.69% | +0.83% | -6.46% | |
| 33 | AXP | American Express Company | 股票-金融 | 0.67% | -0.13% | +10.27% | |
| 34 | BABA | Alibaba Group Holding Limited | 股票-周期性消费 | 0.65% | -0.18% | — | |
| 35 | NFLX | Netflix, Inc. | 股票-通信服务 | 0.57% | -0.14% | +352.43% | |
| 36 | WFC | Wells Fargo & Company | 股票-金融 | 0.57% | -0.10% | — | |
| 37 | HOOD | Robinhood Markets, Inc. | 股票-金融 | 0.56% | -0.01% | -0.86% | |
| 38 | AVGO | Broadcom Inc. | 股票-科技 | 0.53% | +0.04% | -55.43% | |
| 39 | CRM | Salesforce, Inc. | 股票-科技 | 0.53% | +0.24% | -9.84% | |
| 40 | ✓ | Spdr S&P 500 Etf Tr Put Option | ETF-大型股与成长 | 0.52% | -0.13% | -15.00% | |
| 41 | SHOP | Shopify Inc. | 股票-科技 | 0.50% | -0.42% | +44.63% | |
| 42 | SBUX | Starbucks Corporation | 股票-周期性消费 | 0.49% | -0.19% | +3.64% | |
| 43 | SPOT | Spotify Technology S.A. | 股票-通信服务 | 0.49% | -0.05% | — | |
| 44 | IBM | International Business Machines Corporation | 股票-科技 | 0.48% | +0.05% | +2.98% | |
| 45 | VALE | Vale S.A. | 股票-原材料 | 0.45% | -0.13% | -3.16% | |
| 46 | ✓ | Pdd Holdings Inc | 股票-其他 | 0.45% | +0.11% | -4.78% | |
| 47 | ✓ | 股票-其他 | 0.44% | -0.13% | +165.64% | ||
| 48 | ASML | ASML Holding N.V. | 股票-科技 | 0.42% | +0.12% | +69.38% | |
| 49 | SBUX | Starbucks Corporation | 股票-周期性消费 | 0.40% | -0.27% | +14.78% | |
| 50 | COIN | Coinbase Global, Inc. | 股票-金融 | 0.39% | -0.12% | -28.37% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | GS | The Goldman Sachs Group, Inc. | +9.8% | +669.95% | 加仓 |
| 2 | ADBE | Adobe Inc. | +2.1% | +54.22% | 加仓 |
| 3 | BABA | Alibaba Group Holding Limited | +1.1% | +390.67% | 加仓 |
| 4 | GOOG | Alphabet Inc. | +1.1% | +16.48% | 加仓 |
| 5 | SMHC | VanEck China Semiconductor ETF | +0.8% | +36.15% | 加仓 |
| 6 | ✓ | Alphabet Inc | +0.7% | +6.64% | 加仓 |
| 7 | SHOP | Shopify Inc. | +0.5% | +27.26% | 加仓 |
| 8 | ✓ | Adobe Inc | +0.5% | +149.05% | 加仓 |
| 9 | AMZN | Amazon.com, Inc. | +0.5% | +39.70% | 加仓 |
| 10 | C | Citigroup Inc. | +0.4% | +10.29% | 加仓 |
| 11 | SMHC | VanEck China Semiconductor ETF | +0.3% | +20.10% | 加仓 |
| 12 | MU | Micron Technology, Inc. | +0.3% | +209.51% | 加仓 |
| 13 | ✓ | Amazon Com Inc | +0.3% | +54.02% | 加仓 |
| 14 | TSLA | Tesla, Inc. | +0.2% | +14.67% | 加仓 |
| 15 | ✓ | Ishares Tr | +0.2% | +70.03% | 加仓 |
| 16 | C | Citigroup Inc. | +0.2% | +5.14% | 加仓 |
| 17 | ASML | ASML Holding N.V. | +0.2% | +69.38% | 加仓 |
| 18 | GLD | SPDR Gold Shares | +0.2% | +6.67% | 加仓 |
| 19 | MU | Micron Technology, Inc. | +0.2% | +32.86% | 加仓 |
| 20 | SHOP | Shopify Inc. | +0.2% | +44.63% | 加仓 |
| 21 | MCHX | Marchex, Inc. | +0.2% | +68.54% | 加仓 |
| 22 | AMAT | Applied Materials, Inc. | +0.2% | +131.07% | 加仓 |
| 23 | TSLA | Tesla, Inc. | +0.1% | +22.74% | 加仓 |
| 24 | DELL | Dell Technologies Inc. | +0.1% | +1648.57% | 加仓 |
| 25 | SPY | State Street SPDR S&P 500 ETF Trust | +0.1% | +103.33% | 加仓 |
| 26 | BAC | Bank of America Corporation | +0.1% | +162.46% | 加仓 |
| 27 | AMD | Advanced Micro Devices, Inc. | +0.1% | -6.46% | 减仓 |
| 28 | WYNN | Wynn Resorts, Limited | +0.1% | +371.70% | 加仓 |
| 29 | ✓ | Applied Matls Inc | +0.1% | +71.16% | 加仓 |
| 30 | AXP | American Express Company | +0.1% | +10.27% | 加仓 |
| 31 | ✓ | +0.1% | +165.64% | 加仓 | |
| 32 | RIVN | Rivian Automotive, Inc. | +0.1% | +0.07% | 加仓 |
| 33 | WDC | Western Digital Corporation | +0.1% | +670.59% | 加仓 |
| 34 | ✓ | Asml Holding N V | +0.1% | +22.18% | 加仓 |
| 35 | ✓ | American Airls Group Inc | +0.1% | +14.11% | 加仓 |
| 36 | ✓ | Xlb 240119c00090000 | +0.1% | +447.00% | 加仓 |
| 37 | CHRW | C.H. Robinson Worldwide, Inc. | +0.1% | +231.35% | 加仓 |
| 38 | CSCO | Cisco Systems, Inc. | +0.1% | +45.34% | 加仓 |
| 39 | ✓ | Walmart Inc | +0.1% | +46.89% | 加仓 |
| 40 | TSM | Taiwan Semiconductor Manufacturing Company Limited | +0.1% | +0.35% | 加仓 |
| 41 | TSM | Taiwan Semiconductor Manufacturing Company Limited | +0.1% | +10.55% | 加仓 |
| 42 | VALE | Vale S.A. | +0.1% | -3.16% | 减仓 |
| 43 | MHK | Mohawk Industries, Inc. | +0.1% | +19.96% | 加仓 |
| 44 | PFE | Pfizer Inc. | +0.1% | +62.07% | 加仓 |
| 45 | TEVA | Teva Pharmaceutical Industries Limited | +0.1% | +509.73% | 加仓 |
| 46 | LULU | lululemon athletica inc. | +0.1% | +48.47% | 加仓 |
| 47 | NVO | Novo Nordisk A/S | 0% | +65.90% | 加仓 |
| 48 | WSM | Williams-Sonoma, Inc. | 0% | +24.09% | 加仓 |
| 49 | JD | JD.com, Inc. | 0% | +88.44% | 加仓 |
| 50 | DAL | Delta Air Lines, Inc. | 0% | +315.53% | 加仓 |
根据 SEC 官方 Form 13F 申报备案，CMT Capital Markets Trading GmbH 在 Q4 2025 季度的美股持仓总市值约为 US$118.0亿，共申报了 356 个公开持股仓位。
在 Q4 2025 季度，CMT Capital Markets Trading GmbH 按市值排列的前三大核心持股分别为：GS (11.2%)、ADBE (6.6%)、GOOG (3.5%)。其中最大持股仓位 GS 占据整体投资组合约 11.2% 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
GLD
市值: US$2.5亿
本季最大获利了结 / 清仓标的
ORCL
前期市值: US$441.7万
在 Q4 2025 季度中，CMT Capital Markets Trading GmbH 共进行了 199 项持仓异动，包含新建仓 16 个仓位、加仓 81 个仓位、减仓 98 个仓位以及清仓 4 个仓位。 其中最大新建仓标的为 GLD。 本季清仓仓位包含 ORCL。
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。