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: 0001802493
申报总市值
US$5.7亿
US$5.7亿
82 檔
25.8%
Q4 2025 季度申报显示，DCF Advisers, LLC 披露的美股组合总市值为 US$5.7亿，涵盖 82 个不同之权益投资仓位。
DCF Advisers, LLC 在 Q4 2025 进行了结构性的板块轮动与仓位换股。在开立 18 个全新仓位及加仓 5 档持股的同时，亦同步清仓 17 档并减仓 5 档标的。
在资产配置集中度方面，DCF Advisers, LLC 的前 5 大核心持股（包含 MU, SPY, GOOG 等）合计占整体申报市值的 25.8%，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 | MU | Micron Technology Inc | 股票-科技 | 14.53% | +9.44% | -23.10% | |
| 2 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股与成长 | 12.62% | -0.43% | — | |
| 3 | GOOG | Alphabet Inc-cl C | 股票-通信服务 | 4.80% | -0.99% | — | |
| 4 | TEVA | Teva Pharmaceutical-sp Adr | 股票-医疗保健 | 4.12% | -0.89% | +15.83% | |
| 5 | ARGX | Argenx Se - Adr | 股票-医疗保健 | 3.08% | -0.52% | — | |
| 6 | GDX | Vaneck Gold Miners ETF | ETF-避险与商品 | 2.83% | -0.70% | -3.86% | |
| 7 | LLY | Eli Lilly & Co | 股票-医疗保健 | 2.39% | -1.47% | — | |
| 8 | IONS | Ionis Pharmaceuticals Inc | 股票-医疗保健 | 2.19% | -0.59% | -4.99% | |
| 9 | IAU | Ishares Gold Trust | ETF-避险与商品 | 2.18% | -1.02% | — | |
| 10 | REGN | Regeneron Pharmaceuticals | 股票-医疗保健 | 2.07% | -0.89% | — | |
| 11 | AMZN | Amazon.com Inc | 股票-周期性消费 | 1.98% | +0.46% | -12.93% | |
| 12 | BAC | Bank Of America CORP | 股票-金融 | 1.76% | -0.35% | — | |
| 13 | AMD | Advanced Micro Devices | 股票-科技 | 1.72% | +1.41% | -7.69% | |
| 14 | HELP | Cybin Inc | 股票-其他 | 1.70% | +0.79% | — | |
| 15 | NAMS | NewAmsterdam Pharma Company N.V. | 股票-其他 | 1.51% | -0.53% | -8.36% | |
| 16 | CRVS | Corvus Pharmaceuticals Inc | 股票-其他 | 1.51% | -0.81% | — | |
| 17 | ORCL | Oracle CORP | 股票-科技 | 1.49% | -0.33% | -1.72% | |
| 18 | BIDU | Baidu Inc - Spon Adr | 股票-通信服务 | 1.47% | -0.41% | +6.33% | |
| 19 | BABA | Alibaba Group Holding-sp Adr | 股票-周期性消费 | 1.47% | -0.62% | — | |
| 20 | UBER | Uber Technologies Inc | 股票-工业 | 1.47% | -0.41% | — | |
| 21 | AMGN | Amgen Inc | 股票-医疗保健 | 1.45% | -0.22% | +22.22% | |
| 22 | GLD | Spdr Gold Shares | ETF-避险与商品 | 1.38% | -0.47% | -13.33% | |
| 23 | ET | Energy Transfer LP | 股票-能源 | 1.33% | -0.53% | — | |
| 24 | SLV | Ishares Silver Trust | ETF-避险与商品 | 1.25% | -0.35% | -27.50% | |
| 25 | C | Citigroup Inc | 股票-金融 | 1.13% | -0.20% | -29.41% | |
| 26 | INCY | Incyte CORP | 股票-医疗保健 | 1.10% | -0.21% | — | |
| 27 | AZNN | Astrazeneca Plc-spons Adr | 股票-其他 | 1.09% | -0.30% | EXIT | |
| 28 | CSCO | Cisco Systems Inc | 股票-科技 | 1.03% | -0.62% | -16.67% | |
| 29 | EVO | Evotec Se - Spon Adr | 股票-其他 | 0.99% | -0.18% | — | |
| 30 | LFCR | Lifecore Biomedical Inc | 股票-其他 | 0.97% | -0.03% | -2.21% | |
| 31 | ZM | Zoom Communications Inc | 股票-科技 | 0.93% | -0.20% | +47.71% | |
| 32 | LYFT | Lyft Inc-a | 股票-科技 | 0.87% | -0.16% | +335.06% | |
| 33 | GDXJ | Vaneck Junior Gold Miners | ETF-避险与商品 | 0.81% | -0.37% | — | |
| 34 | SOXX | Ishares Semiconductor ETF | ETF-其他 | 0.81% | — | — | |
| 35 | VRTX | Vertex Pharmaceuticals Inc | 股票-医疗保健 | 0.79% | +0.18% | — | |
| 36 | HD | Home Depot Inc | 股票-周期性消费 | 0.78% | +0.09% | NEW | |
| 37 | ZBH | Zimmer Biomet Holdings Inc | 股票-医疗保健 | 0.74% | -0.28% | — | |
| 38 | ABX | Barrick Gold CORP | 股票-金融 | 0.70% | -0.65% | EXIT | |
| 39 | XAODX | Abrdn Total Dynamic Dividend | 股票-其他 | 0.70% | -0.17% | — | |
| 40 | AAPL | Apple Inc | 股票-科技 | 0.67% | -0.10% | — | |
| 41 | ABBV | Abbvie Inc | 股票-医疗保健 | 0.66% | -0.14% | — | |
| 42 | XNCR | Xencor Inc | 股票-其他 | 0.64% | -0.03% | -18.45% | |
| 43 | MRVL | Marvell Technology Inc | 股票-科技 | 0.63% | +0.72% | -19.71% | |
| 44 | BHVN | Biohaven Ltd. | 股票-其他 | 0.60% | +0.12% | +11.83% | |
| 45 | GPCR | Structure Therapeutics Inc | 股票-其他 | 0.56% | -0.05% | — | |
| 46 | XJQCX | Nuveen Credit Strategies Inc | 股票-其他 | 0.55% | -0.17% | +9.96% | |
| 47 | BNED | Barnes & Noble Education Inc | 股票-其他 | 0.53% | -0.10% | -6.32% | |
| 48 | URNM | Sprott Uranium Miners ETF | ETF-其他 | 0.52% | -0.26% | — | |
| 49 | PRTA | Prothena Corporation plc | 股票-其他 | 0.50% | -0.06% | -2.49% | |
| 50 | QCOM | Qualcomm Inc | 股票-科技 | 0.47% | -0.12% | +32.26% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | TEVA | Teva Pharmaceutical-sp Adr | +1.4% | +15.83% | 加仓 |
| 2 | MU | Micron Technology Inc | +1.3% | -23.10% | 减仓 |
| 3 | LYFT | Lyft Inc-a | +0.6% | +335.06% | 加仓 |
| 4 | LLY | Eli Lilly & Co | +0.4% | — | 不变 |
| 5 | GOOG | Alphabet Inc-cl C | +0.3% | — | 不变 |
| 6 | REGN | Regeneron Pharmaceuticals | +0.3% | — | 不变 |
| 7 | AMGN | Amgen Inc | +0.2% | +22.22% | 加仓 |
| 8 | ZM | Zoom Communications Inc | +0.2% | +47.71% | 加仓 |
| 9 | AMD | Advanced Micro Devices | 0% | -7.69% | 减仓 |
| 10 | IONS | Ionis Pharmaceuticals Inc | -0.1% | -4.99% | 减仓 |
| 11 | ARGX | Argenx Se - Adr | -0.2% | — | 不变 |
| 12 | IAU | Ishares Gold Trust | -0.2% | — | 不变 |
| 13 | ZLAB | Zai Lab Ltd-adr | -0.5% | +7.61% | 加仓 |
| 14 | C | Citigroup Inc | -0.5% | -29.41% | 减仓 |
| 15 | ORCL | Oracle CORP | -1.1% | -1.72% | 减仓 |
| 16 | SPY | Ss Spdr S&p 500 ETF Trust-us | — | NEW | 新建仓 |
| 17 | ✓ | Invesco Qqq Tr ETF | — | EXIT | 清仓 |
| 18 | ✓ | Alibaba Group Hldg LTD | — | EXIT | 清仓 |
| 19 | HELP | Cybin Inc | — | NEW | 新建仓 |
| 20 | ✓ | — | EXIT | 清仓 | |
| 21 | CRVS | Corvus Pharmaceuticals Inc | — | NEW | 新建仓 |
| 22 | BABA | Alibaba Group Holding-sp Adr | — | NEW | 新建仓 |
| 23 | UBER | Uber Technologies Inc | — | NEW | 新建仓 |
| 24 | ✓ | Uber Technologies Inc | — | EXIT | 清仓 |
| 25 | ✓ | — | EXIT | 清仓 | |
| 26 | ET | Energy Transfer LP | — | NEW | 新建仓 |
| 27 | ✓ | Home Depot Inc | — | EXIT | 清仓 |
| 28 | AZNN | Astrazeneca Plc-spons Adr | — | NEW | 新建仓 |
| 29 | ✓ | — | EXIT | 清仓 | |
| 30 | SOXX | Ishares Semiconductor ETF | — | NEW | 新建仓 |
| 31 | VRTX | Vertex Pharmaceuticals Inc | — | NEW | 新建仓 |
| 32 | HD | Home Depot Inc | — | NEW | 新建仓 |
| 33 | ABX | Barrick Gold CORP | — | NEW | 新建仓 |
| 34 | ✓ | Cybin Inc | — | EXIT | 清仓 |
| 35 | GPCR | Structure Therapeutics Inc | — | NEW | 新建仓 |
| 36 | ✓ | — | EXIT | 清仓 | |
| 37 | ✓ | Structure Therapeutics Inc | — | EXIT | 清仓 |
| 38 | GOOGL | Alphabet Inc-cl A | — | NEW | 新建仓 |
| 39 | IMRX | Immuneering CORP - Class A | — | NEW | 新建仓 |
| 40 | ✓ | Spdr S&p 500 ETF Tr | — | EXIT | 清仓 |
| 41 | QQQ | Invesco Qqq Trust Series 1 | — | NEW | 新建仓 |
| 42 | BOXX | Alpha Architect 1-3 Mnth Box | — | EXIT | 清仓 |
| 43 | ✓ | Target CORP | — | EXIT | 清仓 |
| 44 | ✓ | Immuneering CORP | — | EXIT | 清仓 |
| 45 | SNY | Sanofi-adr | — | NEW | 新建仓 |
| 46 | GM | General Motors Co | — | NEW | 新建仓 |
| 47 | ✓ | Uber Technologies Inc | — | EXIT | 清仓 |
| 48 | BP | Bp Plc-spons Adr | — | EXIT | 清仓 |
| 49 | ARQ | Arq Inc | — | NEW | 新建仓 |
| 50 | ✓ | — | EXIT | 清仓 |
根据 SEC 官方 Form 13F 申报备案，DCF Advisers, LLC 在 Q4 2025 季度的美股持仓总市值约为 US$5.7亿，共申报了 82 个公开持股仓位。
在 Q4 2025 季度，DCF Advisers, LLC 按市值排列的前三大核心持股分别为：MU (14.5%)、SPY (12.6%)、GOOG (4.8%)。其中最大持股仓位 MU 占据整体投资组合约 14.5% 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
SPY
市值: US$4705.2万
本季最大获利了结 / 清仓标的
INVESCO QQQ TR ETF
前期市值: US$2773.7万
在 Q4 2025 季度中，DCF Advisers, LLC 共进行了 45 项持仓异动，包含新建仓 18 个仓位、加仓 5 个仓位、减仓 5 个仓位以及清仓 17 个仓位。 其中最大新建仓标的为 SPY。 本季清仓仓位包含 INVESCO QQQ TR ETF。
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。