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。
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CIK: 0000200217
申报总市值
US$1910.1亿
US$1910.1亿
222 檔
16.3%
Dodge & Cox 在 Q4 2025 季度的美股仓位总计估值为 US$1910.1亿，分散于 222 个持仓标的之中，反映其市场参与广度与投资规模。
在 Q4 2025，Dodge & Cox 展现出较为审慎的避险与获利了结姿态。本季共减仓 115 个仓位并完全清仓 7 档持股，调降曝光的仓位数量高于加仓动作。
在资产配置集中度方面，Dodge & Cox 的前 5 大核心持股（包含 SCHW, JNJ, RTX 等）合计占整体申报市值的 16.3%，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 222 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 | SCHW | Schwab (charles) CORP | 股票-金融 | 4.13% | -0.15% | -7.86% | |
| 2 | JNJ | Johnson & Johnson | 股票-医疗保健 | 3.90% | +0.13% | -5.96% | |
| 3 | RTX | Rtx CORP | 股票-工业 | 3.72% | -0.27% | -6.30% | |
| 4 | CVS | Cvs Health CORP | 股票-医疗保健 | 2.68% | +0.67% | -14.58% | |
| 5 | FDX | Fedex CORP | 股票-工业 | 2.43% | -0.76% | -3.96% | |
| 6 | MET | Metlife Inc | 股票-金融 | 2.23% | +0.16% | -2.62% | |
| 7 | GOOG | Alphabet Inc-cl C | 股票-通信服务 | 2.18% | +0.28% | -7.98% | |
| 8 | BKNG | Booking Holdings Inc | 股票-周期性消费 | 2.12% | +0.07% | +8.44% | |
| 9 | MSFT | Microsoft CORP | 股票-科技 | 1.94% | +0.08% | -5.47% | |
| 10 | REGN | Regeneron Pharmaceuticals | 股票-医疗保健 | 1.92% | -0.30% | +1.00% | |
| 11 | AMZN | Amazon.com Inc | 股票-周期性消费 | 1.90% | +0.35% | -6.54% | |
| 12 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 1.83% | +0.31% | -4.46% | |
| 13 | TEL | TE Connectivity plc | 股票-科技 | 1.83% | +0.10% | -7.27% | |
| 14 | CMCSA | Comcast Corp-class A | 股票-通信服务 | 1.82% | -0.29% | +0.35% | |
| 15 | GSK | Gsk Plc-spon Adr | 股票-医疗保健 | 1.81% | -0.46% | -12.61% | |
| 16 | FISV | Fiserv Inc | 股票-其他 | 1.79% | -0.25% | +28.06% | |
| 17 | META | Meta Platforms Inc-class A | 股票-通信服务 | 1.79% | +0.33% | +26.66% | |
| 18 | OXY | Occidental Petroleum CORP | 股票-能源 | 1.76% | -0.80% | -0.51% | |
| 19 | FIS | Fidelity National Info Serv | 股票-科技 | 1.76% | -0.26% | +13.94% | |
| 20 | GILD | Gilead Sciences Inc | 股票-医疗保健 | 1.74% | -0.29% | -12.78% | |
| 21 | CI | THE Cigna Group | 股票-医疗保健 | 1.65% | +0.07% | +19.70% | |
| 22 | CHTR | Charter Communications Inc-a | 股票-通信服务 | 1.65% | -0.62% | +23.73% | |
| 23 | UNH | Unitedhealth Group Inc | 股票-医疗保健 | 1.63% | +0.56% | -3.50% | |
| 24 | WFC | Wells Fargo & Co | 股票-金融 | 1.63% | — | -16.91% | |
| 25 | BNY | Bank Of New York Mellon CORP | 股票-金融 | 1.62% | -0.27% | -25.92% | |
| 26 | HUM | Humana Inc | 股票-医疗保健 | 1.56% | +1.20% | -0.42% | |
| 27 | NSC | Norfolk Southern CORP | 股票-工业 | 1.50% | -0.58% | -11.50% | |
| 28 | AON | Aon plc | 股票-金融 | 1.50% | +0.05% | +126.64% | |
| 29 | SNY | Sanofi-adr | 股票-医疗保健 | 1.48% | -0.15% | -18.05% | |
| 30 | GEHC | GE Healthcare Technology | 股票-医疗保健 | 1.38% | +0.05% | +13.42% | |
| 31 | IFF | Intl Flavors & Fragrances | 股票-原材料 | 1.32% | +0.08% | -1.55% | |
| 32 | FTV | Fortive CORP | 股票-科技 | 1.32% | +0.10% | +3.67% | |
| 33 | SBAC | Sba Communications CORP | 股票-房地产 | 1.25% | — | +24.09% | |
| 34 | APD | Air Products & Chemicals Inc | 股票-原材料 | 1.23% | -0.03% | +2.57% | |
| 35 | WTW | Willis Towers Watson Public Limited Company | 股票-金融 | 1.23% | -0.07% | +90.67% | |
| 36 | COF | Capital One Financial CORP | 股票-金融 | 1.20% | +0.08% | -24.32% | |
| 37 | BUD | Anheuser-busch Inbev-spn Adr | 股票-非周期性消费 | 1.14% | +0.14% | -9.39% | |
| 38 | ZBH | Zimmer Biomet Holdings Inc | 股票-医疗保健 | 1.14% | -0.08% | +1.25% | |
| 39 | BN | Brookfield CORP | 股票-金融 | 1.02% | +0.04% | — | |
| 40 | BKR | Baker Hughes Co | 股票-能源 | 1.00% | -0.19% | -7.48% | |
| 41 | SUI | Sun Communities Inc | 股票-房地产 | 0.97% | -0.39% | +0.08% | |
| 42 | ELAN | Elanco Animal Health Inc | 股票-医疗保健 | 0.97% | -0.04% | -4.44% | |
| 43 | GE | General Electric | 股票-工业 | 0.86% | — | -17.22% | |
| 44 | UBS | UBS Group AG | 股票-金融 | 0.84% | +0.15% | -21.05% | |
| 45 | HLN | Haleon Plc-adr | 股票-医疗保健 | 0.83% | -0.08% | -1.70% | |
| 46 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.81% | -0.57% | -22.59% | |
| 47 | BABA | Alibaba Group Holding-sp Adr | 股票-周期性消费 | 0.79% | -0.18% | -8.73% | |
| 48 | LPLA | Lpl Financial Holdings Inc | 股票-金融 | 0.76% | -0.01% | +18.61% | |
| 49 | AVTR | Avantor Inc | 股票-医疗保健 | 0.72% | +0.10% | -0.58% | |
| 50 | INCY | Incyte CORP | 股票-医疗保健 | 0.71% | +0.08% | -4.81% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | AON | Aon plc | +0.8% | +126.64% | 加仓 |
| 2 | WTW | Willis Towers Watson Public Limited Company | +0.6% | +90.67% | 加仓 |
| 3 | REGN | Regeneron Pharmaceuticals | +0.5% | +1.00% | 加仓 |
| 4 | FDX | Fedex CORP | +0.4% | -3.96% | 减仓 |
| 5 | GOOGL | Alphabet Inc-cl A | +0.3% | -4.46% | 减仓 |
| 6 | GOOG | Alphabet Inc-cl C | +0.3% | -7.98% | 减仓 |
| 7 | GEHC | GE Healthcare Technology | +0.3% | +13.42% | 加仓 |
| 8 | SBAC | Sba Communications CORP | +0.2% | +24.09% | 加仓 |
| 9 | FIS | Fidelity National Info Serv | +0.2% | +13.94% | 加仓 |
| 10 | META | Meta Platforms Inc-class A | +0.2% | +26.66% | 加仓 |
| 11 | CI | THE Cigna Group | +0.2% | +19.70% | 加仓 |
| 12 | TMUS | T-mobile US Inc | +0.2% | +65.24% | 加仓 |
| 13 | FTV | Fortive CORP | +0.2% | +3.67% | 加仓 |
| 14 | LPLA | Lpl Financial Holdings Inc | +0.2% | +18.61% | 加仓 |
| 15 | BKNG | Booking Holdings Inc | +0.2% | +8.44% | 加仓 |
| 16 | ADBE | Adobe Inc | +0.1% | +35.83% | 加仓 |
| 17 | RTX | Rtx CORP | +0.1% | -6.30% | 减仓 |
| 18 | IFF | Intl Flavors & Fragrances | +0.1% | -1.55% | 减仓 |
| 19 | JNJ | Johnson & Johnson | +0.1% | -5.96% | 减仓 |
| 20 | IEX | Idex CORP | +0.1% | +266.66% | 加仓 |
| 21 | RAL | Ralliant CORP | +0.1% | +13.31% | 加仓 |
| 22 | CTSH | Cognizant Tech Solutions-a | +0.1% | -7.52% | 减仓 |
| 23 | HLN | Haleon Plc-adr | +0.1% | -1.70% | 减仓 |
| 24 | VFC | Vf CORP | +0.1% | -0.73% | 减仓 |
| 25 | INCY | Incyte CORP | +0.1% | -4.81% | 减仓 |
| 26 | ELAN | Elanco Animal Health Inc | +0.1% | -4.44% | 减仓 |
| 27 | CX | Cemex Sab-spons Adr Part Cer | +0.1% | -12.34% | 减仓 |
| 28 | ADM | Archer-daniels-midland Co | 0% | +13.38% | 加仓 |
| 29 | BMRN | Biomarin Pharmaceutical Inc | 0% | -0.78% | 减仓 |
| 30 | SU | Suncor Energy Inc | 0% | -0.78% | 减仓 |
| 31 | BMY | Bristol-myers Squibb Co | 0% | -4.65% | 减仓 |
| 32 | COHR | Coherent CORP | 0% | -10.07% | 减仓 |
| 33 | FOX | Fox CORP - Class B | 0% | -0.38% | 减仓 |
| 34 | YUMC | Yum China Holdings Inc | 0% | +0.39% | 加仓 |
| 35 | TIGO | Millicom International Cellular S.A. | 0% | -3.73% | 减仓 |
| 36 | TAP | Molson Coors Beverage Co - B | 0% | -0.11% | 减仓 |
| 37 | FOXA | Fox CORP - Class A | 0% | -11.70% | 减仓 |
| 38 | AMRZ | Amrize Ltd | 0% | -6.93% | 减仓 |
| 39 | KSPI | Jsc Kaspi.kz Adr | 0% | +930.66% | 加仓 |
| 40 | ✓ | National Energy Services Reu | 0% | -14.49% | 减仓 |
| 41 | BNTX | Biontech Se-adr | — | -0.89% | 减仓 |
| 42 | TRP | Tc Energy CORP | — | -3.64% | 减仓 |
| 43 | LLY | Eli Lilly & Co | — | -2.06% | 减仓 |
| 44 | HDB | Hdfc Bank Ltd-adr | — | -11.47% | 减仓 |
| 45 | FMS | Fresenius Medical Care-adr | — | — | 不变 |
| 46 | MDT | Medtronic plc | — | +0.17% | 加仓 |
| 47 | AXP | American Express Co | — | -15.32% | 减仓 |
| 48 | AEP | American Electric Power | — | -1.90% | 减仓 |
| 49 | LBTYA | Liberty Global Ltd. | — | — | 不变 |
| 50 | LBTYA | Liberty Global Ltd. | — | -6.01% | 减仓 |
根据 SEC 官方 Form 13F 申报备案，Dodge & Cox 在 Q4 2025 季度的美股持仓总市值约为 US$1910.1亿，共申报了 222 个公开持股仓位。
在 Q4 2025 季度，Dodge & Cox 按市值排列的前三大核心持股分别为：SCHW (4.1%)、JNJ (3.9%)、RTX (3.7%)。其中最大持股仓位 SCHW 占据整体投资组合约 4.1% 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
BN
市值: US$18.9亿
本季最大获利了结 / 清仓标的
TECK
前期市值: US$3.5亿
在 Q4 2025 季度中，Dodge & Cox 共进行了 168 项持仓异动，包含新建仓 10 个仓位、加仓 36 个仓位、减仓 115 个仓位以及清仓 7 个仓位。 其中最大新建仓标的为 BN。 本季清仓仓位包含 TECK。
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。