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: 0001259969
申报总市值
US$41.3亿
US$41.3亿
1729 檔
20.0%
Farmers & Merchants Investments Inc 在 Q2 2025 季度的美股仓位总计估值为 US$41.3亿，分散于 1729 个持仓标的之中，反映其市场参与广度与投资规模。
在 Q2 2025，Farmers & Merchants Investments Inc 操作展现出积极扩展与加仓意向。本季共新建仓 0 个新仓位，并对 35 个既有持股进行加仓（合计增持 35 档），相较减仓与清仓仓位显著占优。
在资产配置集中度方面，Farmers & Merchants Investments Inc 的前 5 大核心持股（包含 IVV, VEA, NNI 等）合计占整体申报市值的 20.0%，反映机构在主要关键仓位上的权重分布。
本季最大获利了结 / 清仓标的
NNI
前期市值: US$1.3亿
仅显示前 200 大持股（共 1729 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 | IVV | Ishares Core S&p 500 ETF | ETF-大型股与成长 | 7.13% | +0.10% | +2.51% | |
| 2 | VEA | Vanguard Ftse Developed ETF | ETF-其他 | 5.19% | +0.03% | +1.83% | |
| 3 | NNI | Nelnet Inc-cl A | 股票-其他 | 4.25% | -0.40% | -0.21% | |
| 4 | MSFT | Microsoft CORP | 股票-科技 | 3.96% | -0.24% | +0.04% | |
| 5 | IJR | Ishares Core S&p Small-cap E | ETF-中小型股 | 3.58% | -0.15% | +8.34% | |
| 6 | IJH | Ishares Core S&p Midcap ETF | ETF-其他 | 3.13% | +0.11% | +8.41% | |
| 7 | AAPL | Apple Inc | 股票-科技 | 2.73% | +0.06% | +1.13% | |
| 8 | VWO | Vanguard Ftse Emerging Marke | ETF-新兴市场 | 2.39% | -0.21% | +3.56% | |
| 9 | AVGO | Broadcom Inc | 股票-科技 | 1.85% | +0.06% | -3.66% | |
| 10 | BND | Vanguard Total Bond Market | ETF-其他 | 1.65% | -0.19% | +3.91% | |
| 11 | SLQD | Ishares 0-5 Yr Inv Grd CORP | ETF-其他 | 1.49% | -0.15% | -2.24% | |
| 12 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.42% | -0.10% | +0.14% | |
| 13 | ORCL | Oracle CORP | 股票-科技 | 1.39% | -0.10% | -5.61% | |
| 14 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.34% | -0.02% | -3.51% | |
| 15 | WMT | Walmart Inc | 股票-非周期性消费 | 1.30% | -0.33% | -0.57% | |
| 16 | APH | Amphenol Corp-cl A | 股票-科技 | 1.09% | +0.31% | -3.05% | |
| 17 | LLY | Eli Lilly & Co | 股票-医疗保健 | 1.05% | +0.15% | -2.36% | |
| 18 | WCC | Wesco International Inc | 股票-工业 | 1.04% | +0.13% | +1.77% | |
| 19 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 0.99% | +0.15% | +7.62% | |
| 20 | BRK-A | Berkshire Hathaway Inc-cl A | 股票-其他 | 0.98% | -0.08% | — | |
| 21 | AMZN | Amazon.com Inc | 股票-周期性消费 | 0.96% | +0.06% | +10.72% | |
| 22 | NVDA | Nvidia CORP | 股票-科技 | 0.88% | +0.08% | +22.37% | |
| 23 | XOM | Exxon Mobil CORP | 股票-能源 | 0.86% | -0.35% | +1.33% | |
| 24 | LOW | Lowe's Cos Inc | 股票-周期性消费 | 0.84% | -0.14% | +1.35% | |
| 25 | AMD | Advanced Micro Devices | 股票-科技 | 0.84% | +1.63% | -1.09% | |
| 26 | GOOG | Alphabet Inc-cl C | 股票-通信服务 | 0.76% | +0.14% | +1.21% | |
| 27 | JNJ | Johnson & Johnson | 股票-医疗保健 | 0.75% | -0.08% | +4.11% | |
| 28 | V | Visa Inc-class A Shares | 股票-金融 | 0.75% | -0.01% | -2.96% | |
| 29 | EMR | Emerson Electric Co | 股票-工业 | 0.74% | -0.02% | +0.03% | |
| 30 | PEP | Pepsico Inc | 股票-非周期性消费 | 0.70% | -0.17% | +4.25% | |
| 31 | ABT | Abbott Laboratories | 股票-医疗保健 | 0.69% | -0.10% | -3.12% | |
| 32 | PG | Procter & Gamble Co/the | 股票-非周期性消费 | 0.67% | -0.06% | +0.17% | |
| 33 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 0.67% | +0.23% | +5.62% | |
| 34 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.65% | +0.04% | +0.92% | |
| 35 | CSCO | Cisco Systems Inc | 股票-科技 | 0.63% | +0.21% | -0.76% | |
| 36 | ROP | Roper Technologies Inc | 股票-科技 | 0.63% | -0.06% | -7.25% | |
| 37 | TXN | Texas Instruments Inc | 股票-科技 | 0.63% | +0.21% | -0.02% | |
| 38 | VOO | Vanguard S&p 500 ETF | ETF-大型股与成长 | 0.61% | +0.01% | +9.07% | |
| 39 | APD | Air Products & Chemicals Inc | 股票-原材料 | 0.61% | -0.06% | +1.78% | |
| 40 | MCD | Mcdonald's CORP | 股票-周期性消费 | 0.60% | -0.13% | -1.74% | |
| 41 | UNH | Unitedhealth Group Inc | 股票-医疗保健 | 0.60% | +0.16% | +7.02% | |
| 42 | VCSH | Vanguard S/t CORP Bond ETF | ETF-投资级公司债 | 0.58% | -0.12% | +5.88% | |
| 43 | PANW | Palo Alto Networks Inc | 股票-科技 | 0.57% | +0.42% | +6.11% | |
| 44 | DIS | Walt Disney Co/the | 股票-通信服务 | 0.57% | -0.04% | +1.65% | |
| 45 | UNP | Union Pacific CORP | 股票-工业 | 0.57% | -0.01% | -2.81% | |
| 46 | BAC | Bank Of America CORP | 股票-金融 | 0.56% | +0.02% | +4.68% | |
| 47 | CVS | Cvs Health CORP | 股票-医疗保健 | 0.54% | +0.14% | +1.69% | |
| 48 | COF | Capital One Financial CORP | 股票-金融 | 0.53% | — | -2.71% | |
| 49 | CVX | Chevron CORP | 股票-能源 | 0.50% | -0.19% | +0.19% | |
| 50 | SYK | Stryker CORP | 股票-医疗保健 | 0.50% | -0.07% | -2.44% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | MSFT | Microsoft CORP | +0.7% | +0.04% | 加仓 |
| 2 | AVGO | Broadcom Inc | +0.6% | -3.66% | 减仓 |
| 3 | CRM | Salesforce Inc | +0.4% | +4156.59% | 加仓 |
| 4 | ORCL | Oracle CORP | +0.4% | -5.61% | 减仓 |
| 5 | NVDA | Nvidia CORP | +0.4% | +22.37% | 加仓 |
| 6 | IVV | Ishares Core S&p 500 ETF | +0.3% | +2.51% | 加仓 |
| 7 | APH | Amphenol Corp-cl A | +0.3% | -3.05% | 减仓 |
| 8 | VEA | Vanguard Ftse Developed ETF | +0.2% | +1.83% | 加仓 |
| 9 | IJH | Ishares Core S&p Midcap ETF | +0.2% | +8.41% | 加仓 |
| 10 | AMD | Advanced Micro Devices | +0.2% | -1.09% | 减仓 |
| 11 | TSM | Taiwan Semiconductor-sp Adr | +0.2% | +5.62% | 加仓 |
| 12 | AMZN | Amazon.com Inc | +0.1% | +10.72% | 加仓 |
| 13 | IJR | Ishares Core S&p Small-cap E | +0.1% | +8.34% | 加仓 |
| 14 | GOOGL | Alphabet Inc-cl A | +0.1% | +7.62% | 加仓 |
| 15 | GS | Goldman Sachs Group Inc | +0.1% | +0.92% | 加仓 |
| 16 | WCC | Wesco International Inc | +0.1% | +1.77% | 加仓 |
| 17 | VWO | Vanguard Ftse Emerging Marke | +0.1% | +3.56% | 加仓 |
| 18 | EMR | Emerson Electric Co | +0.1% | +0.03% | 加仓 |
| 19 | DIS | Walt Disney Co/the | +0.1% | +1.65% | 加仓 |
| 20 | PANW | Palo Alto Networks Inc | +0.1% | +6.11% | 加仓 |
| 21 | USB | US Bancorp | +0.1% | +22.51% | 加仓 |
| 22 | SPGI | S&p Global Inc | +0.1% | +1972.77% | 加仓 |
| 23 | JPM | Jpmorgan Chase & Co | +0.1% | -3.51% | 减仓 |
| 24 | VOO | Vanguard S&p 500 ETF | +0.1% | +9.07% | 加仓 |
| 25 | BLK | Blackrock Inc | +0.1% | +14.27% | 加仓 |
| 26 | DELL | Dell Technologies -c | +0.1% | -0.97% | 减仓 |
| 27 | UBER | Uber Technologies Inc | +0.1% | +3.90% | 加仓 |
| 28 | ASML | ASML Holding N.V. | +0.1% | +4.81% | 加仓 |
| 29 | NFLX | Netflix Inc | +0.1% | +0.09% | 加仓 |
| 30 | GOOG | Alphabet Inc-cl C | 0% | +1.21% | 加仓 |
| 31 | BAC | Bank Of America CORP | 0% | +4.68% | 加仓 |
| 32 | TXN | Texas Instruments Inc | 0% | -0.02% | 减仓 |
| 33 | NKE | Nike Inc -cl B | 0% | +7.74% | 加仓 |
| 34 | COF | Capital One Financial CORP | 0% | -2.71% | 减仓 |
| 35 | WMT | Walmart Inc | 0% | -0.57% | 减仓 |
| 36 | CSCO | Cisco Systems Inc | 0% | -0.76% | 减仓 |
| 37 | NNI | Nelnet Inc-cl A | — | -0.21% | 减仓 |
| 38 | BND | Vanguard Total Bond Market | -0.1% | +3.91% | 加仓 |
| 39 | ICLR | ICON Public Limited Company | -0.1% | +2.55% | 加仓 |
| 40 | ABBV | Abbvie Inc | -0.1% | -2.46% | 减仓 |
| 41 | PEP | Pepsico Inc | -0.1% | +4.25% | 加仓 |
| 42 | CVX | Chevron CORP | -0.1% | +0.19% | 加仓 |
| 43 | ROP | Roper Technologies Inc | -0.1% | -7.25% | 减仓 |
| 44 | FISV | Fiserv Inc | -0.2% | +0.88% | 加仓 |
| 45 | XOM | Exxon Mobil CORP | -0.2% | +1.33% | 加仓 |
| 46 | BRK-A | Berkshire Hathaway Inc-cl A | -0.2% | — | 不变 |
| 47 | LLY | Eli Lilly & Co | -0.2% | -2.36% | 减仓 |
| 48 | BRK-B | Berkshire Hathaway Inc-cl B | -0.3% | +0.14% | 加仓 |
| 49 | UNH | Unitedhealth Group Inc | -0.4% | +7.02% | 加仓 |
| 50 | AAPL | Apple Inc | -0.5% | +1.13% | 加仓 |
根据 SEC 官方 Form 13F 申报备案，Farmers & Merchants Investments Inc 在 Q2 2025 季度的美股持仓总市值约为 US$41.3亿，共申报了 1729 个公开持股仓位。
在 Q2 2025 季度，Farmers & Merchants Investments Inc 按市值排列的前三大核心持股分别为：IVV (7.1%)、VEA (5.2%)、NNI (4.3%)。其中最大持股仓位 IVV 占据整体投资组合约 7.1% 的权重。
在 Q2 2025 季度中，Farmers & Merchants Investments Inc 共进行了 49 项持仓异动，包含新建仓 0 个仓位、加仓 35 个仓位、减仓 14 个仓位以及清仓 0 个仓位。
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。
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。
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。