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: 0001752759
申报总市值
US$20.6亿
US$20.6亿
108 檔
30.9%
Q4 2025 季度申报显示，Dnca Finance 披露的美股组合总市值为 US$20.6亿，涵盖 108 个不同之权益投资仓位。
Dnca Finance 在 Q4 2025 进行了结构性的板块轮动与仓位换股。在开立 14 个全新仓位及加仓 26 档持股的同时，亦同步清仓 15 档并减仓 31 档标的。
在资产配置集中度方面，Dnca Finance 的前 5 大核心持股（包含 TTE, GOOGL, MSFT 等）合计占整体申报市值的 30.9%，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 | TTE | TotalEnergies SE | 股票-其他 | 17.03% | -5.25% | — | |
| 2 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 5.12% | -1.19% | -14.62% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 5.05% | -0.36% | +2.26% | |
| 4 | RACE | Ferrari N.V. | 股票-周期性消费 | 5.02% | +0.18% | +225.38% | |
| 5 | NVDA | Nvidia CORP | 股票-科技 | 4.71% | -0.58% | -0.08% | |
| 6 | CRH | CRH plc | 股票-原材料 | 4.10% | +0.60% | +0.00% | |
| 7 | META | Meta Platforms Inc-class A | 股票-通信服务 | 3.93% | -0.34% | -5.53% | |
| 8 | V | Visa Inc-class A Shares | 股票-金融 | 3.92% | -0.18% | +6.74% | |
| 9 | AMZN | Amazon.com Inc | 股票-周期性消费 | 3.01% | +0.20% | +5.03% | |
| 10 | AVGO | Broadcom Inc | 股票-科技 | 3.01% | -0.12% | -9.96% | |
| 11 | WMT | Walmart Inc | 股票-非周期性消费 | 2.87% | -1.60% | -4.55% | |
| 12 | AAPL | Apple Inc | 股票-科技 | 2.59% | +0.27% | — | |
| 13 | QGEN | Qiagen N.V. | 股票-医疗保健 | 1.83% | — | +23.88% | |
| 14 | MA | Mastercard Inc - A | 股票-金融 | 1.80% | -0.40% | — | |
| 15 | FLUT | Flutter Entertainment plc | 股票-周期性消费 | 1.75% | -0.67% | -50.55% | |
| 16 | GS | Goldman Sachs Group Inc | 股票-金融 | 1.64% | +0.15% | +0.63% | |
| 17 | NFLX | Netflix Inc | 股票-通信服务 | 1.47% | -1.78% | +648.28% | |
| 18 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.43% | -0.34% | EXIT | |
| 19 | PANW | Palo Alto Networks Inc | 股票-科技 | 1.21% | +0.41% | +6.15% | |
| 20 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 1.16% | +0.56% | +161.03% | |
| 21 | NEM | Newmont CORP | 股票-原材料 | 1.11% | -1.02% | — | |
| 22 | ORCL | Oracle CORP | 股票-科技 | 1.05% | -0.10% | -34.05% | |
| 23 | MMM | 3m Co | 股票-工业 | 1.03% | — | +11.05% | |
| 24 | TT | Trane Technologies plc | 股票-工业 | 1.02% | +0.05% | +0.67% | |
| 25 | CRM | Salesforce Inc | 股票-科技 | 1.01% | -0.34% | — | |
| 26 | AMD | Advanced Micro Devices | 股票-科技 | 0.96% | +1.61% | +22.48% | |
| 27 | STLA | Stellantis N.V. | 股票-周期性消费 | 0.92% | -0.02% | +415.77% | |
| 28 | DE | Deere & Co | 股票-工业 | 0.89% | -0.14% | -26.79% | |
| 29 | DHI | Dr Horton Inc | 股票-周期性消费 | 0.84% | +0.11% | -3.72% | |
| 30 | ISRG | Intuitive Surgical Inc | 股票-医疗保健 | 0.79% | -0.16% | — | |
| 31 | ANET | Arista Networks Inc | 股票-科技 | 0.78% | +0.14% | — | |
| 32 | SPOT | Spotify Technology S.A. | 股票-通信服务 | 0.74% | -0.01% | -31.97% | |
| 33 | ADSK | Autodesk Inc | 股票-科技 | 0.73% | -0.09% | +30.15% | |
| 34 | GM | General Motors Co | 股票-周期性消费 | 0.71% | +0.10% | — | |
| 35 | MU | Micron Technology Inc | 股票-科技 | 0.71% | +2.77% | — | |
| 36 | BKNG | Booking Holdings Inc | 股票-周期性消费 | 0.71% | -0.03% | -27.31% | |
| 37 | CRWD | Crowdstrike Holdings Inc - A | 股票-科技 | 0.71% | +0.18% | — | |
| 38 | HWM | Howmet Aerospace Inc | 股票-工业 | 0.68% | -0.16% | +475.01% | |
| 39 | APP | Applovin Corp-class A | 股票-科技 | 0.65% | +0.03% | +32.80% | |
| 40 | SGI | Somnigroup International Inc | 股票-周期性消费 | 0.63% | — | +272.31% | |
| 41 | UBER | Uber Technologies Inc | 股票-工业 | 0.62% | -0.05% | -31.82% | |
| 42 | ITUB | Itau Unibanco H-spon Prf Adr | 股票-金融 | 0.60% | +0.15% | — | |
| 43 | DOLE | Dole plc | 股票-其他 | 0.55% | -0.37% | EXIT | |
| 44 | VRT | Vertiv Holdings Co-a | 股票-工业 | 0.51% | -0.29% | -57.41% | |
| 45 | NOW | Servicenow Inc | 股票-科技 | 0.42% | +0.22% | +400.00% | |
| 46 | SNOW | Snowflake Inc | 股票-科技 | 0.39% | +0.15% | — | |
| 47 | DDOG | Datadog Inc - Class A | 股票-科技 | 0.38% | +0.17% | -18.01% | |
| 48 | SNPS | Synopsys Inc | 股票-科技 | 0.37% | — | -34.96% | |
| 49 | VEEV | Veeva Systems Inc-class A | 股票-医疗保健 | 0.35% | -0.02% | -30.06% | |
| 50 | AVAV 0 07-15-30债券 | Aerovironment Inc | 债券 | 0.35% | -0.05% | -16.03% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | RACE | Ferrari N.V. | +2.7% | +225.38% | 加仓 |
| 2 | STLA | Stellantis N.V. | +0.7% | +415.77% | 加仓 |
| 3 | TSM | Taiwan Semiconductor-sp Adr | +0.7% | +161.03% | 加仓 |
| 4 | HWM | Howmet Aerospace Inc | +0.6% | +475.01% | 加仓 |
| 5 | SGI | Somnigroup International Inc | +0.4% | +272.31% | 加仓 |
| 6 | AMD | Advanced Micro Devices | +0.3% | +22.48% | 加仓 |
| 7 | MU | Micron Technology Inc | +0.2% | — | 不变 |
| 8 | QGEN | Qiagen N.V. | +0.1% | +23.88% | 加仓 |
| 9 | KLAR | Klarna Group plc | +0.1% | +134.00% | 加仓 |
| 10 | ISRG | Intuitive Surgical Inc | +0.1% | — | 不变 |
| 11 | APP | Applovin Corp-class A | 0% | +32.80% | 加仓 |
| 12 | ADSK | Autodesk Inc | 0% | +30.15% | 加仓 |
| 13 | AMAT | Applied Materials Inc | 0% | +2.44% | 加仓 |
| 14 | LLY | Eli Lilly & Co | 0% | -6.90% | 减仓 |
| 15 | SPOT 0 03-15-26债券 | Spotify USA Inc | 0% | +49.35% | 加仓 |
| 16 | MKSI 1.25 06-01-30债券 | Mks Inc | — | — | 不变 |
| 17 | FWONK 2.25 08-15-27债券 | Liberty Media CORP | — | +33.33% | 加仓 |
| 18 | VLTO | Veralto CORP | — | +14.82% | 加仓 |
| 19 | EXPE 0 02-15-26债券 | Expedia Group Inc | — | — | 不变 |
| 20 | EXAS 0.375 03-01-28债券 | Exact Sciences CORP | — | — | 不变 |
| 21 | NIO 4.625 10-15-30债券 | Nio Inc | — | — | 不变 |
| 22 | FOUR 0.5 08-01-27债券 | Shift4 Payments Inc | — | — | 不变 |
| 23 | WK 1.25 08-15-28债券 | Workiva Inc | — | — | 不变 |
| 24 | DHR | Danaher CORP | 0% | — | 不变 |
| 25 | INTC | Intel CORP | 0% | — | 不变 |
| 26 | NEE | Nextera Energy Inc | 0% | +7.68% | 加仓 |
| 27 | TMO | Thermo Fisher Scientific Inc | 0% | -9.14% | 减仓 |
| 28 | WAB | Wabtec CORP | 0% | — | 不变 |
| 29 | JNJ | Johnson & Johnson | 0% | — | 不变 |
| 30 | HTHT 3 05-01-26债券 | H World Group LTD | 0% | -33.33% | 减仓 |
| 31 | PSN 2.625 03-01-29债券 | Parsons CORP | 0% | — | 不变 |
| 32 | HALO 1 08-15-28债券 | Halozyme Therapeutics In | 0% | — | 不变 |
| 33 | JD 0.25 06-01-29债券 | Jd.com Inc | 0% | — | 不变 |
| 34 | NEE 3 03-01-27债券 | Nextera Energy Capital | 0% | — | 不变 |
| 35 | F 0 03-15-26债券 | Ford Motor Company | 0% | — | 不变 |
| 36 | FLR 1.125 08-15-29债券 | Fluor CORP | 0% | — | 不变 |
| 37 | DBX 0 03-01-28债券 | Dropbox Inc | 0% | — | 不变 |
| 38 | RIVN 3.625 10-15-30债券 | Rivian Auto Inc | 0% | -16.67% | 减仓 |
| 39 | DBX 0 03-01-26债券 | Dropbox Inc | 0% | — | 不变 |
| 40 | BSY 0.375 07-01-27债券 | Bentley Systems | 0% | — | 不变 |
| 41 | NDAQ | Nasdaq Inc | 0% | — | 不变 |
| 42 | ACN | Accenture plc | 0% | — | 不变 |
| 43 | W 3.25 09-15-27债券 | Wayfair Inc | 0% | -53.13% | 减仓 |
| 44 | RGEN 1 12-15-28债券 | Repligen CORP | 0% | -31.25% | 减仓 |
| 45 | UBER 0.875 12-01-28 2028债券 | Uber Technologies Inc | 0% | — | 不变 |
| 46 | TCOM 0.75 06-15-29债券 | Trip.com Group LTD | 0% | -14.29% | 减仓 |
| 47 | AKAM 1.125 02-15-29债券 | Akamai Technologies Inc | 0% | -37.50% | 减仓 |
| 48 | NET 0 08-15-26债券 | Cloudflare Inc | 0% | — | 不变 |
| 49 | MMM | 3m Co | 0% | +11.05% | 加仓 |
| 50 | DOLE | Dole plc | 0% | — | 不变 |
根据 SEC 官方 Form 13F 申报备案，Dnca Finance 在 Q4 2025 季度的美股持仓总市值约为 US$20.6亿，共申报了 108 个公开持股仓位。
在 Q4 2025 季度，Dnca Finance 按市值排列的前三大核心持股分别为：TTE (17.0%)、GOOGL (5.1%)、MSFT (5.0%)。其中最大持股仓位 TTE 占据整体投资组合约 17.0% 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
TTE
市值: US$2.9亿
本季最大获利了结 / 清仓标的
HD
前期市值: US$1519.5万
在 Q4 2025 季度中，Dnca Finance 共进行了 86 项持仓异动，包含新建仓 14 个仓位、加仓 26 个仓位、减仓 31 个仓位以及清仓 15 个仓位。 其中最大新建仓标的为 TTE。 本季清仓仓位包含 HD。
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。