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: 0001054425
申报总市值
US$8.2亿
US$8.2亿
77 檔
44.4%
根据最新整理的 13F 季度数据集，Dillon & Associates Inc 于 Q4 2025 结束时的管理资产规模为 US$8.2亿。该机构在本季度申报了 77 档美股持仓，呈现出该时期的主要投资地图。
Dillon & Associates Inc 在 Q4 2025 进行了结构性的板块轮动与仓位换股。在开立 3 个全新仓位及加仓 23 档持股的同时，亦同步清仓 2 档并减仓 22 档标的。
在资产配置集中度方面，Dillon & Associates Inc 的前 5 大核心持股（包含 NVDA, AAPL, GOOGL 等）合计占整体申报市值的 44.4%，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 | 20.90% | +0.19% | -4.60% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 8.96% | +0.05% | -0.93% | |
| 3 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 7.82% | +0.75% | -0.49% | |
| 4 | V | Visa Inc-class A Shares | 股票-金融 | 5.28% | +0.10% | +0.13% | |
| 5 | SYK | Stryker CORP | 股票-医疗保健 | 3.91% | -0.32% | +1.80% | |
| 6 | ABT | Abbott Laboratories | 股票-医疗保健 | 3.65% | -0.47% | +1.89% | |
| 7 | AMZN | Amazon.com Inc | 股票-周期性消费 | 2.90% | +0.12% | +0.76% | |
| 8 | PANW | Palo Alto Networks Inc | 股票-科技 | 2.76% | +2.58% | +1.71% | |
| 9 | GOOG | Alphabet Inc-cl C | 股票-通信服务 | 2.39% | +0.20% | -2.56% | |
| 10 | ADP | Automatic Data Processing | 股票-科技 | 2.34% | +0.06% | +2.18% | |
| 11 | LOW | Lowe's Cos Inc | 股票-周期性消费 | 2.33% | -0.53% | +0.40% | |
| 12 | ISRG | Intuitive Surgical Inc | 股票-医疗保健 | 2.33% | -0.19% | +11.81% | |
| 13 | ORLY | O'reilly Automotive Inc | 股票-周期性消费 | 2.25% | -0.28% | -0.17% | |
| 14 | NVO | Novo-nordisk A/s-spons Adr | 股票-医疗保健 | 1.98% | -0.71% | -3.43% | |
| 15 | CASY | Casey's General Stores Inc | 股票-周期性消费 | 1.87% | -0.01% | +2.01% | |
| 16 | NSC | Norfolk Southern CORP | 股票-工业 | 1.82% | -0.04% | +1.17% | |
| 17 | APD | Air Products & Chemicals Inc | 股票-原材料 | 1.82% | -0.23% | -0.35% | |
| 18 | ECL | Ecolab Inc | 股票-原材料 | 1.77% | +0.12% | -0.47% | |
| 19 | DHR | Danaher CORP | 股票-医疗保健 | 1.62% | -0.16% | +0.70% | |
| 20 | COST | Costco Wholesale CORP | 股票-非周期性消费 | 1.52% | -0.32% | +19.51% | |
| 21 | PAYC | Paycom Software Inc | 股票-科技 | 1.46% | -0.72% | +4.44% | |
| 22 | CMG | Chipotle Mexican Grill Inc | 股票-周期性消费 | 1.39% | -0.65% | -6.84% | |
| 23 | MSFT | Microsoft CORP | 股票-科技 | 1.15% | +0.01% | +4.32% | |
| 24 | CRM | Salesforce Inc | 股票-科技 | 1.09% | -0.62% | +4.52% | |
| 25 | META | Meta Platforms Inc-class A | 股票-通信服务 | 1.05% | -0.13% | +0.96% | |
| 26 | LLY | Eli Lilly & Co | 股票-医疗保健 | 0.99% | +0.64% | +19.05% | |
| 27 | RTX | Rtx CORP | 股票-工业 | 0.95% | -0.13% | +5.62% | |
| 28 | CNI | Canadian Natl Railway Co | 股票-工业 | 0.94% | +0.03% | -0.40% | |
| 29 | ETN | Eaton Corporation plc | 股票-工业 | 0.91% | +0.15% | +5.75% | |
| 30 | SBUX | Starbucks CORP | 股票-周期性消费 | 0.84% | -0.15% | -5.50% | |
| 31 | NEE | Nextera Energy Inc | 股票-公用事业 | 0.78% | -0.12% | +10.19% | |
| 32 | PAYX | Paychex Inc | 股票-科技 | 0.67% | -0.24% | -1.21% | |
| 33 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.65% | -0.01% | -0.32% | |
| 34 | JNJ | Johnson & Johnson | 股票-医疗保健 | 0.63% | -0.06% | -1.66% | |
| 35 | PEP | Pepsico Inc | 股票-非周期性消费 | 0.60% | -0.15% | -10.75% | |
| 36 | MNST | Monster Beverage CORP | 股票-非周期性消费 | 0.54% | +0.15% | +29.58% | |
| 37 | HD | Home Depot Inc | 股票-周期性消费 | 0.49% | -0.06% | -0.12% | |
| 38 | REGN | Regeneron Pharmaceuticals | 股票-医疗保健 | 0.44% | -0.16% | -10.70% | |
| 39 | MCD | Mcdonald's CORP | 股票-周期性消费 | 0.37% | -0.10% | -0.05% | |
| 40 | PG | Procter & Gamble Co/the | 股票-非周期性消费 | 0.32% | -0.04% | -5.52% | |
| 41 | AZNN | Astrazeneca Plc-spons Adr | 股票-其他 | 0.31% | -0.39% | EXIT | |
| 42 | CL | Colgate-palmolive Co | 股票-非周期性消费 | 0.29% | -0.05% | -1.58% | |
| 43 | WMT | Walmart Inc | 股票-非周期性消费 | 0.24% | -0.05% | — | |
| 44 | ASML | ASML Holding N.V. | 股票-科技 | 0.22% | +0.11% | +12.35% | |
| 45 | ABBV | Abbvie Inc | 股票-医疗保健 | 0.21% | +0.01% | — | |
| 46 | FISV | Fiserv Inc | 股票-其他 | 0.19% | — | -76.24% | |
| 47 | HON | Honeywell International Inc | 股票-工业 | 0.17% | -0.21% | EXIT | |
| 48 | CELH | Celsius Holdings Inc | 股票-非周期性消费 | 0.17% | -0.01% | +12.41% | |
| 49 | ADI | Analog Devices Inc | 股票-科技 | 0.15% | +0.02% | -0.26% | |
| 50 | QCOM | Qualcomm Inc | 股票-科技 | 0.14% | +0.01% | -0.78% |
| # | 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 | +1.7% | -0.49% | 减仓 |
| 2 | ISRG | Intuitive Surgical Inc | +0.7% | +11.81% | 加仓 |
| 3 | AAPL | Apple Inc | +0.5% | -0.93% | 减仓 |
| 4 | GOOG | Alphabet Inc-cl C | +0.5% | -2.56% | 减仓 |
| 5 | LLY | Eli Lilly & Co | +0.4% | +19.05% | 加仓 |
| 6 | DHR | Danaher CORP | +0.2% | +0.70% | 加仓 |
| 7 | MNST | Monster Beverage CORP | +0.2% | +29.58% | 加仓 |
| 8 | V | Visa Inc-class A Shares | +0.2% | +0.13% | 加仓 |
| 9 | AMZN | Amazon.com Inc | +0.2% | +0.76% | 加仓 |
| 10 | CRM | Salesforce Inc | +0.2% | +4.52% | 加仓 |
| 11 | COST | Costco Wholesale CORP | +0.2% | +19.51% | 加仓 |
| 12 | RTX | Rtx CORP | +0.1% | +5.62% | 加仓 |
| 13 | NEE | Nextera Energy Inc | +0.1% | +10.19% | 加仓 |
| 14 | REGN | Regeneron Pharmaceuticals | +0.1% | -10.70% | 减仓 |
| 15 | AZNN | Astrazeneca Plc-spons Adr | +0.1% | +2.94% | 加仓 |
| 16 | JNJ | Johnson & Johnson | +0.1% | -1.66% | 减仓 |
| 17 | CNI | Canadian Natl Railway Co | +0.1% | -0.40% | 减仓 |
| 18 | ASML | ASML Holding N.V. | 0% | +12.35% | 加仓 |
| 19 | CELH | Celsius Holdings Inc | 0% | +12.41% | 加仓 |
| 20 | MSFT | Microsoft CORP | 0% | +4.32% | 加仓 |
| 21 | SYY | Sysco CORP | 0% | -8.93% | 减仓 |
| 22 | NSC | Norfolk Southern CORP | 0% | +1.17% | 加仓 |
| 23 | PG | Procter & Gamble Co/the | 0% | -5.52% | 减仓 |
| 24 | MDLZ | Mondelez International Inc-a | 0% | -33.91% | 减仓 |
| 25 | PEP | Pepsico Inc | -0.1% | -10.75% | 减仓 |
| 26 | SBUX | Starbucks CORP | -0.1% | -5.50% | 减仓 |
| 27 | ECL | Ecolab Inc | -0.1% | -0.47% | 减仓 |
| 28 | LOW | Lowe's Cos Inc | -0.1% | +0.40% | 加仓 |
| 29 | ADBE | Adobe Inc | -0.1% | -55.49% | 减仓 |
| 30 | ETN | Eaton Corporation plc | -0.1% | +5.75% | 加仓 |
| 31 | HD | Home Depot Inc | -0.1% | -0.12% | 减仓 |
| 32 | META | Meta Platforms Inc-class A | -0.1% | +0.96% | 加仓 |
| 33 | PAYX | Paychex Inc | -0.1% | -1.21% | 减仓 |
| 34 | SYK | Stryker CORP | -0.1% | +1.80% | 加仓 |
| 35 | GNRC | Generac Holdings Inc | -0.1% | -39.09% | 减仓 |
| 36 | CMG | Chipotle Mexican Grill Inc | -0.2% | -6.84% | 减仓 |
| 37 | ABT | Abbott Laboratories | -0.2% | +1.89% | 加仓 |
| 38 | APD | Air Products & Chemicals Inc | -0.2% | -0.35% | 减仓 |
| 39 | PANW | Palo Alto Networks Inc | -0.2% | +1.71% | 加仓 |
| 40 | NVO | Novo-nordisk A/s-spons Adr | -0.2% | -3.43% | 减仓 |
| 41 | ADP | Automatic Data Processing | -0.3% | +2.18% | 加仓 |
| 42 | PAYC | Paycom Software Inc | -0.4% | +4.44% | 加仓 |
| 43 | ORLY | O'reilly Automotive Inc | -0.4% | -0.17% | 减仓 |
| 44 | NVDA | Nvidia CORP | -1% | -4.60% | 减仓 |
| 45 | FISV | Fiserv Inc | -1.4% | -76.24% | 减仓 |
| 46 | NFLX | Netflix Inc | — | NEW | 新建仓 |
| 47 | MSTR | Strategy Inc | — | EXIT | 清仓 |
| 48 | KEL | Kellanova | — | EXIT | 清仓 |
| 49 | TSM | Taiwan Semiconductor-sp Adr | — | NEW | 新建仓 |
| 50 | MRK | Merck & Co. Inc. | — | NEW | 新建仓 |
根据 SEC 官方 Form 13F 申报备案，Dillon & Associates Inc 在 Q4 2025 季度的美股持仓总市值约为 US$8.2亿，共申报了 77 个公开持股仓位。
在 Q4 2025 季度，Dillon & Associates Inc 按市值排列的前三大核心持股分别为：NVDA (20.9%)、AAPL (9.0%)、GOOGL (7.8%)。其中最大持股仓位 NVDA 占据整体投资组合约 20.9% 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
NFLX
市值: US$58.4万
本季最大获利了结 / 清仓标的
MSTR
前期市值: US$51.7万
在 Q4 2025 季度中，Dillon & Associates Inc 共进行了 50 项持仓异动，包含新建仓 3 个仓位、加仓 23 个仓位、减仓 22 个仓位以及清仓 2 个仓位。 其中最大新建仓标的为 NFLX。 本季清仓仓位包含 MSTR。
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。