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: 0001481986
申报总市值
—
US$34.8亿
1089 檔
47.2%
在 Q4 2025 的 13F 官方备案中，DRW Securities, LLC 管理的美股投资组合规模来到 US$34.8亿，整体持股档数为 1089 档。
在 Q4 2025，DRW Securities, LLC 展现出较为审慎的避险与获利了结姿态。本季共减仓 66 个仓位并完全清仓 49 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，DRW Securities, LLC 的前 5 大核心持股（包含 IWM, QQQ, IBIT 等）合计占整体申报市值的 47.2%，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 1089 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 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 19.79% | — | -34.40% | |
| 2 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 8.99% | — | +9.05% | |
| 3 | IBIT | Ishares Bitcoin Trust ETF | ETF-加密货币 | 6.94% | — | -33.96% | |
| 4 | TSLA | Tesla Inc | 股票-周期性消费 | 4.32% | — | +16.22% | |
| 5 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-非投资级债 | 3.31% | — | +142.31% | |
| 6 | ASML | ASML Holding N.V. | 股票-科技 | 3.12% | — | +278.01% | |
| 7 | AAPL | Apple Inc | 股票-科技 | 2.40% | — | +31.75% | |
| 8 | AZNN | Astrazeneca Plc-spons Adr | 股票-其他 | 2.29% | — | +201.65% | |
| 9 | GDX | Vaneck Gold Miners ETF | ETF-避险与商品 | 1.60% | — | +453.69% | |
| 10 | NVDA | Nvidia CORP | 股票-科技 | 1.57% | — | -23.16% | |
| 11 | QCOM | Qualcomm Inc | 股票-科技 | 1.19% | — | +296.77% | |
| 12 | FCX | Freeport-mcmoran Inc | 股票-原材料 | 1.06% | — | +245.85% | |
| 13 | GLD | Spdr Gold Shares | ETF-避险与商品 | 1.04% | — | — | |
| 14 | EWT | Ishares Msci Taiwan ETF | ETF-其他 | 1.01% | — | — | |
| 15 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股与成长 | 0.96% | — | -47.07% | |
| 16 | INDA | Ishares Msci India ETF | ETF-其他 | 0.83% | — | +498.81% | |
| 17 | IXUS | Ishares Core Intl Stock ETF | ETF-其他 | 0.80% | — | — | |
| 18 | MSFT | Microsoft CORP | 股票-科技 | 0.72% | — | -23.80% | |
| 19 | BP | Bp Plc-spons Adr | 股票-能源 | 0.67% | — | -11.96% | |
| 20 | ETHU | 2x Ether ETF | ETF-其他 | 0.58% | — | +8918.14% | |
| 21 | AMZN | Amazon.com Inc | 股票-周期性消费 | 0.56% | — | -64.77% | |
| 22 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 0.55% | — | -43.10% | |
| 23 | MRVL | Marvell Technology Inc | 股票-科技 | 0.54% | — | +2085.02% | |
| 24 | AVGO | Broadcom Inc | 股票-科技 | 0.51% | — | -15.06% | |
| 25 | TGT | Target CORP | 股票-周期性消费 | 0.50% | — | +1607.49% | |
| 26 | BITX | 2x Bitcoin Strategy ETF | ETF-加密货币 | 0.49% | — | +12352.98% | |
| 27 | MCD | Mcdonald's CORP | 股票-周期性消费 | 0.47% | — | +853.20% | |
| 28 | ✓ | 股票-其他 | 0.46% | — | -84.33% | ||
| 29 | META | Meta Platforms Inc-class A | 股票-通信服务 | 0.44% | — | -57.88% | |
| 30 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.43% | — | +706.64% | |
| 31 | MSTR | Strategy Inc | 股票-科技 | 0.43% | — | -2.89% | |
| 32 | UNH | Unitedhealth Group Inc | 股票-医疗保健 | 0.42% | — | — | |
| 33 | GBTC | Grayscale Bitcoin Trust ETF | ETF-加密货币 | 0.42% | — | +1210.64% | |
| 34 | ADI | Analog Devices Inc | 股票-科技 | 0.39% | — | +929.05% | |
| 35 | GOOG | Alphabet Inc-cl C | 股票-通信服务 | 0.39% | — | +5.10% | |
| 36 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.38% | — | -19.42% | |
| 37 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 0.36% | — | -41.87% | |
| 38 | SCHE | Schwab Emrg Mrkts Eqty ETF | ETF-其他 | 0.36% | — | +2086.00% | |
| 39 | AMD | Advanced Micro Devices | 股票-科技 | 0.35% | — | -5.24% | |
| 40 | KWEB | Kranesh Csi China Internet | ETF-新兴市场 | 0.34% | — | +51.56% | |
| 41 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | ETF-投资级公司债 | 0.33% | — | -20.47% | |
| 42 | ✓ | 股票-其他 | 0.33% | — | — | ||
| 43 | ETHE | Grayscale Ethereum Staking E | ETF-其他 | 0.33% | — | — | |
| 44 | LLY | Eli Lilly & Co | 股票-医疗保健 | 0.31% | — | -33.19% | |
| 45 | XLV | Ss Health Care Select Sector | ETF-其他 | 0.30% | — | -50.29% | |
| 46 | TLT | Ishares 20+ Year Treasury Bd | ETF-政府公债 | 0.30% | — | +472.76% | |
| 47 | BAC | Bank Of America CORP | 股票-金融 | 0.28% | — | -30.16% | |
| 48 | XLF | Ss Financial Select Sector | ETF-其他 | 0.28% | — | -29.60% | |
| 49 | DEO | Diageo Plc-sponsored Adr | 股票-非周期性消费 | 0.26% | — | +1737.19% | |
| 50 | ETHA | Ishares Ethereum Trust ETF | ETF-其他 | 0.26% | — | -85.95% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | QQQ | Invesco Qqq Trust Series 1 | +3.4% | +9.05% | 加仓 |
| 2 | ASML | ASML Holding N.V. | +2.6% | +278.01% | 加仓 |
| 3 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | +2.4% | +142.31% | 加仓 |
| 4 | AZNN | Astrazeneca Plc-spons Adr | +1.9% | +201.65% | 加仓 |
| 5 | TSLA | Tesla Inc | +1.8% | +16.22% | 加仓 |
| 6 | GDX | Vaneck Gold Miners ETF | +1.4% | +453.69% | 加仓 |
| 7 | AAPL | Apple Inc | +1.2% | +31.75% | 加仓 |
| 8 | QCOM | Qualcomm Inc | +1% | +296.77% | 加仓 |
| 9 | FCX | Freeport-mcmoran Inc | +0.9% | +245.85% | 加仓 |
| 10 | INDA | Ishares Msci India ETF | +0.7% | +498.81% | 加仓 |
| 11 | ETHU | 2x Ether ETF | +0.6% | +8918.14% | 加仓 |
| 12 | MRVL | Marvell Technology Inc | +0.5% | +2085.02% | 加仓 |
| 13 | BITX | 2x Bitcoin Strategy ETF | +0.5% | +12352.98% | 加仓 |
| 14 | TGT | Target CORP | +0.5% | +1607.49% | 加仓 |
| 15 | MCD | Mcdonald's CORP | +0.4% | +853.20% | 加仓 |
| 16 | GBTC | Grayscale Bitcoin Trust ETF | +0.4% | +1210.64% | 加仓 |
| 17 | PLTR | Palantir Technologies Inc-a | +0.4% | +706.64% | 加仓 |
| 18 | ADI | Analog Devices Inc | +0.4% | +929.05% | 加仓 |
| 19 | SCHE | Schwab Emrg Mrkts Eqty ETF | +0.4% | +2086.00% | 加仓 |
| 20 | TLT | Ishares 20+ Year Treasury Bd | +0.3% | +472.76% | 加仓 |
| 21 | DEO | Diageo Plc-sponsored Adr | +0.3% | +1737.19% | 加仓 |
| 22 | EWW | Ishares Msci Mexico ETF | +0.2% | +1013.90% | 加仓 |
| 23 | HIG | Hartford Insurance Group Inc | +0.2% | +1113.49% | 加仓 |
| 24 | COIN | Coinbase Global Inc -class A | +0.2% | +1270.74% | 加仓 |
| 25 | KIE | Ss Spdr S&p Insurance ETF | +0.2% | +1271.84% | 加仓 |
| 26 | VXUS | Vanguard Total Intl Stock | +0.2% | +318.11% | 加仓 |
| 27 | GOOG | Alphabet Inc-cl C | +0.2% | +5.10% | 加仓 |
| 28 | XLI | Ss Industrial Select Sector | +0.2% | +410.78% | 加仓 |
| 29 | COST | Costco Wholesale CORP | +0.2% | +157.63% | 加仓 |
| 30 | IEF | Ishares 7-10 Year Treasury B | +0.2% | +116.17% | 加仓 |
| 31 | NVDA | Nvidia CORP | +0.2% | -23.16% | 减仓 |
| 32 | AMD | Advanced Micro Devices | +0.2% | -5.24% | 减仓 |
| 33 | BP | Bp Plc-spons Adr | +0.2% | -11.96% | 减仓 |
| 34 | KWEB | Kranesh Csi China Internet | +0.2% | +51.56% | 加仓 |
| 35 | ETHT | Proshares Ultra Ether ETF | +0.1% | +1188.34% | 加仓 |
| 36 | XLP | Ss Consumer Staples Sel Sect | +0.1% | +239.20% | 加仓 |
| 37 | IVPAF | Ivanhoe Mines Ltd-cl A | +0.1% | +300.00% | 加仓 |
| 38 | TCEHY | Tencent Holdings Ltd-uns Adr | +0.1% | +329.66% | 加仓 |
| 39 | SBUX | Starbucks CORP | +0.1% | +64.41% | 加仓 |
| 40 | BITU | Proshares Ultra Bitcoin ETF | +0.1% | +1133.55% | 加仓 |
| 41 | MCO | Moody's CORP | +0.1% | +255.78% | 加仓 |
| 42 | VOD | Vodafone Group Plc-sp Adr | +0.1% | +167.54% | 加仓 |
| 43 | TLH | Ishares 10-20 Year Treasury | +0.1% | +90.97% | 加仓 |
| 44 | BG | Bunge Global SA | +0.1% | +47.80% | 加仓 |
| 45 | MRK | Merck & Co. Inc. | +0.1% | +321.19% | 加仓 |
| 46 | IBN | Icici Bank Ltd-spon Adr | +0.1% | +1998.99% | 加仓 |
| 47 | SHEL | Shell Plc-adr | +0.1% | +1847.27% | 加仓 |
| 48 | HLN | Haleon Plc-adr | +0.1% | +403.67% | 加仓 |
| 49 | UBER | Uber Technologies Inc | +0.1% | +1413.87% | 加仓 |
| 50 | BTC | Grayscale Bitcoin Mini ETF | +0.1% | +1751.83% | 加仓 |
根据 SEC 官方 Form 13F 申报备案，DRW Securities, LLC 在 Q4 2025 季度的美股持仓总市值约为 US$34.8亿，共申报了 1089 个公开持股仓位。
在 Q4 2025 季度，DRW Securities, LLC 按市值排列的前三大核心持股分别为：IWM (19.8%)、QQQ (9.0%)、IBIT (6.9%)。其中最大持股仓位 IWM 占据整体投资组合约 19.8% 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
GLD
市值: US$3927.4万
本季最大获利了结 / 清仓标的
SOXX
前期市值: US$2.1亿
在 Q4 2025 季度中，DRW Securities, LLC 共进行了 200 项持仓异动，包含新建仓 33 个仓位、加仓 52 个仓位、减仓 66 个仓位以及清仓 49 个仓位。 其中最大新建仓标的为 GLD。 本季清仓仓位包含 SOXX。
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。