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: 0001036325
申报总市值
US$232.9亿
US$232.9亿
108 檔
28.0%
Q4 2025 季度申报显示，Davis Selected Advisers 披露的美股组合总市值为 US$232.9亿，涵盖 108 个不同之权益投资仓位。
在 Q4 2025，Davis Selected Advisers 操作展现出积极扩展与加仓意向。本季共新建仓 2 个新仓位，并对 40 个既有持股进行加仓（合计增持 42 档），相较减仓与清仓仓位显著占优。
在资产配置集中度方面，Davis Selected Advisers 的前 5 大核心持股（包含 COF, USB, META 等）合计占整体申报市值的 28.0%，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 | COF | Capital One Financial CORP | 股票-金融 | 9.38% | -0.02% | +2.80% | |
| 2 | USB | US Bancorp | 股票-金融 | 5.29% | +0.25% | +13.43% | |
| 3 | META | Meta Platforms Inc-class A | 股票-通信服务 | 5.20% | -0.53% | +2.18% | |
| 4 | AMAT | Applied Materials Inc | 股票-科技 | 4.85% | -1.56% | -24.36% | |
| 5 | CVS | Cvs Health CORP | 股票-医疗保健 | 4.55% | +1.23% | +11.90% | |
| 6 | MGM | Mgm Resorts International | 股票-周期性消费 | 4.40% | +0.78% | +11.97% | |
| 7 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 4.39% | +0.42% | +12.57% | |
| 8 | VTRS | Viatris Inc | 股票-医疗保健 | 4.37% | +0.28% | +12.74% | |
| 9 | MKL | Markel Group Inc | 股票-金融 | 4.01% | +0.04% | +11.15% | |
| 10 | CTRA | Coterra Energy Inc | 股票-能源 | 3.85% | -5.99% | EXIT | |
| 11 | AMZN | Amazon.com Inc | 股票-周期性消费 | 3.56% | +1.10% | +9.28% | |
| 12 | WFC | Wells Fargo & Co | 股票-金融 | 3.46% | -0.15% | +6.06% | |
| 13 | TSN | Tyson Foods Inc-cl A | 股票-非周期性消费 | 3.38% | -0.74% | +28.76% | |
| 14 | BRK-A | Berkshire Hathaway Inc-cl A | 股票-其他 | 3.20% | -0.25% | -5.51% | |
| 15 | TECK | Teck Resources Ltd-cls B | 股票-原材料 | 2.59% | -0.37% | +9.03% | |
| 16 | TXN | Texas Instruments Inc | 股票-科技 | 2.22% | +0.58% | +23.12% | |
| 17 | SOLV | Solventum CORP | 股票-医疗保健 | 2.22% | +0.19% | +12.73% | |
| 18 | UNH | Unitedhealth Group Inc | 股票-医疗保健 | 1.89% | +0.73% | +11.77% | |
| 19 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.67% | -0.06% | +38.57% | |
| 20 | CB | Chubb Limited | 股票-金融 | 1.66% | -0.11% | +10.86% | |
| 21 | TCOM | Trip.com Group Ltd-adr | 股票-周期性消费 | 1.63% | — | +2.27% | |
| 22 | PINS | Pinterest Inc- Class A | 股票-通信服务 | 1.37% | +0.10% | +49.54% | |
| 23 | DGX | Quest Diagnostics Inc | 股票-医疗保健 | 1.24% | -0.04% | +16.76% | |
| 24 | QSR | Restaurant Brands Intern | 股票-周期性消费 | 1.23% | -0.35% | +13.51% | |
| 25 | OC | Owens Corning | 股票-工业 | 1.03% | +0.38% | +15.15% | |
| 26 | GOOG | Alphabet Inc-cl C | 股票-通信服务 | 1.00% | -0.03% | +10.05% | |
| 27 | AGCO | Agco CORP | 股票-工业 | 0.96% | -0.05% | +13.01% | |
| 28 | CI | THE Cigna Group | 股票-医疗保健 | 0.93% | -0.07% | +14.71% | |
| 29 | YMM | Full Truck Alliance -spn Adr | 股票-其他 | 0.85% | -0.14% | +17.06% | |
| 30 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.83% | -0.08% | -4.04% | |
| 31 | DUSA | Davis Select US Equity ETF | ETF-其他 | 0.78% | +0.03% | +0.04% | |
| 32 | JBS | Jbs N.v. | 股票-其他 | 0.77% | +0.38% | — | |
| 33 | COP | Conocophillips | 股票-能源 | 0.76% | -0.30% | +12.42% | |
| 34 | APP | Applovin Corp-class A | 股票-科技 | 0.75% | +0.09% | +10.92% | |
| 35 | FITB | Fifth Third Bancorp | 股票-金融 | 0.58% | +0.05% | +2.83% | |
| 36 | DINT | Davis Select International | ETF-其他 | 0.50% | — | +0.06% | |
| 37 | PNC | Pnc Financial Services Group | 股票-金融 | 0.50% | — | +5.63% | |
| 38 | DFNL | Davis Select Financial ETF | ETF-其他 | 0.46% | +0.01% | +0.02% | |
| 39 | DAR | Darling Ingredients Inc | 股票-非周期性消费 | 0.46% | -0.01% | +15.83% | |
| 40 | PPLI | People Inc | 股票-通信服务 | 0.44% | +0.03% | +12.05% | |
| 41 | DWLD | Davis Select Worldwide ETF | ETF-其他 | 0.40% | -0.01% | +0.06% | |
| 42 | AXP | American Express Co | 股票-金融 | 0.40% | -0.02% | -2.52% | |
| 43 | WCC | Wesco International Inc | 股票-工业 | 0.40% | +0.06% | +24.59% | |
| 44 | RNR | RenaissanceRe Holdings Ltd. | 股票-金融 | 0.29% | -0.03% | +60.49% | |
| 45 | BAC | Bank Of America CORP | 股票-金融 | 0.28% | -0.02% | -0.06% | |
| 46 | L | Loews CORP | 股票-金融 | 0.28% | -0.04% | +0.73% | |
| 47 | RKT | Rocket Cos Inc-class A | 股票-金融 | 0.28% | -0.02% | +2.99% | |
| 48 | CHYM | Chime Financial Inc-cl A | 股票-其他 | 0.28% | -0.02% | +3.04% | |
| 49 | BNY | Bank Of New York Mellon CORP | 股票-金融 | 0.27% | -0.06% | -48.38% | |
| 50 | NTES | Netease Inc-adr | 股票-通信服务 | 0.26% | +0.12% | -28.34% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | CTRA | Coterra Energy Inc | +1.4% | +63.64% | 加仓 |
| 2 | GOOGL | Alphabet Inc-cl A | +0.9% | +12.57% | 加仓 |
| 3 | VTRS | Viatris Inc | +0.8% | +12.74% | 加仓 |
| 4 | TSN | Tyson Foods Inc-cl A | +0.6% | +28.76% | 加仓 |
| 5 | USB | US Bancorp | +0.4% | +13.43% | 加仓 |
| 6 | MKL | Markel Group Inc | +0.3% | +11.15% | 加仓 |
| 7 | BRK-B | Berkshire Hathaway Inc-cl B | +0.3% | +38.57% | 加仓 |
| 8 | GOOG | Alphabet Inc-cl C | +0.2% | +10.05% | 加仓 |
| 9 | SOLV | Solventum CORP | +0.1% | +12.73% | 加仓 |
| 10 | EG | Everest Group, Ltd. | +0.1% | +199.32% | 加仓 |
| 11 | IVE | Ishares S&p 500 Value ETF | +0.1% | +1820.97% | 加仓 |
| 12 | RNR | RenaissanceRe Holdings Ltd. | +0.1% | +60.49% | 加仓 |
| 13 | COF | Capital One Financial CORP | +0.1% | +2.80% | 加仓 |
| 14 | CB | Chubb Limited | +0.1% | +10.86% | 加仓 |
| 15 | WCC | Wesco International Inc | +0.1% | +24.59% | 加仓 |
| 16 | MGM | Mgm Resorts International | +0.1% | +11.97% | 加仓 |
| 17 | CVS | Cvs Health CORP | +0.1% | +11.90% | 加仓 |
| 18 | TECK | Teck Resources Ltd-cls B | +0.1% | +9.03% | 加仓 |
| 19 | DAR | Darling Ingredients Inc | +0.1% | +15.83% | 加仓 |
| 20 | WFC | Wells Fargo & Co | +0.1% | +6.06% | 加仓 |
| 21 | PINS | Pinterest Inc- Class A | 0% | +49.54% | 加仓 |
| 22 | QSR | Restaurant Brands Intern | 0% | +13.51% | 加仓 |
| 23 | PPLI | People Inc | 0% | +12.05% | 加仓 |
| 24 | CHYM | Chime Financial Inc-cl A | 0% | +3.04% | 加仓 |
| 25 | STT | State Street CORP | 0% | +38.53% | 加仓 |
| 26 | TXN | Texas Instruments Inc | — | +23.12% | 加仓 |
| 27 | ✓ | Bank Of Nt Butterfield&son L | — | -0.48% | 减仓 |
| 28 | COP | Conocophillips | 0% | +12.42% | 加仓 |
| 29 | PNC | Pnc Financial Services Group | 0% | +5.63% | 加仓 |
| 30 | AXP | American Express Co | 0% | -2.52% | 减仓 |
| 31 | AMZN | Amazon.com Inc | 0% | +9.28% | 加仓 |
| 32 | FITB | Fifth Third Bancorp | 0% | +2.83% | 加仓 |
| 33 | DFNL | Davis Select Financial ETF | 0% | +0.02% | 加仓 |
| 34 | AGCO | Agco CORP | -0.1% | +13.01% | 加仓 |
| 35 | CI | THE Cigna Group | -0.1% | +14.71% | 加仓 |
| 36 | DUSA | Davis Select US Equity ETF | -0.1% | +0.04% | 加仓 |
| 37 | APP | Applovin Corp-class A | -0.1% | +10.92% | 加仓 |
| 38 | DGX | Quest Diagnostics Inc | -0.1% | +16.76% | 加仓 |
| 39 | UNH | Unitedhealth Group Inc | -0.2% | +11.77% | 加仓 |
| 40 | SE | Sea Ltd-adr | -0.2% | -0.92% | 减仓 |
| 41 | NTES | Netease Inc-adr | -0.2% | -28.34% | 减仓 |
| 42 | OC | Owens Corning | -0.3% | +15.15% | 加仓 |
| 43 | BNY | Bank Of New York Mellon CORP | -0.3% | -48.38% | 减仓 |
| 44 | TCOM | Trip.com Group Ltd-adr | -0.3% | +2.27% | 加仓 |
| 45 | BRK-A | Berkshire Hathaway Inc-cl A | -0.7% | -5.51% | 减仓 |
| 46 | AMAT | Applied Materials Inc | -1.1% | -24.36% | 减仓 |
| 47 | META | Meta Platforms Inc-class A | -1.4% | +2.18% | 加仓 |
| 48 | JBS | Jbs N.v. | — | NEW | 新建仓 |
| 49 | HUM | Humana Inc | — | EXIT | 清仓 |
| 50 | FISV | Fiserv Inc | — | NEW | 新建仓 |
根据 SEC 官方 Form 13F 申报备案，Davis Selected Advisers 在 Q4 2025 季度的美股持仓总市值约为 US$232.9亿，共申报了 108 个公开持股仓位。
在 Q4 2025 季度，Davis Selected Advisers 按市值排列的前三大核心持股分别为：COF (9.4%)、USB (5.3%)、META (5.2%)。其中最大持股仓位 COF 占据整体投资组合约 9.4% 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
JBS
市值: US$1.7亿
本季最大获利了结 / 清仓标的
HUM
前期市值: US$1.0亿
在 Q4 2025 季度中，Davis Selected Advisers 共进行了 50 项持仓异动，包含新建仓 2 个仓位、加仓 40 个仓位、减仓 7 个仓位以及清仓 1 个仓位。 其中最大新建仓标的为 JBS。 本季清仓仓位包含 HUM。
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。