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: 0000036029
申报总市值
US$53.4亿
US$53.4亿
212 檔
22.5%
First Financial Bankshares Inc 在 Q4 2025 季度的美股仓位总计估值为 US$53.4亿，分散于 212 个持仓标的之中，反映其市场参与广度与投资规模。
First Financial Bankshares Inc 在 Q4 2025 进行了结构性的板块轮动与仓位换股。在开立 1 个全新仓位及加仓 26 档持股的同时，亦同步清仓 3 档并减仓 20 档标的。
在资产配置集中度方面，First Financial Bankshares Inc 的前 5 大核心持股（包含 MSFT, AVGO, JPM 等）合计占整体申报市值的 22.5%，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 212 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 | MSFT | Microsoft CORP | 股票-科技 | 6.15% | -0.15% | +0.35% | |
| 2 | AVGO | Broadcom Inc | 股票-科技 | 4.83% | +0.51% | -10.80% | |
| 3 | JPM | Jpmorgan Chase & Co | 股票-金融 | 4.78% | +0.13% | +1.53% | |
| 4 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 4.44% | +0.60% | -2.95% | |
| 5 | AAPL | Apple Inc | 股票-科技 | 3.99% | +0.23% | -0.61% | |
| 6 | BND | Vanguard Total Bond Market | ETF-其他 | 3.94% | -0.39% | +1.62% | |
| 7 | IJH | Ishares Core S&p Midcap ETF | ETF-其他 | 3.88% | +0.31% | +4.83% | |
| 8 | JNJ | Johnson & Johnson | 股票-医疗保健 | 2.96% | -0.07% | +2.24% | |
| 9 | VEA | Vanguard Ftse Developed ETF | ETF-其他 | 2.65% | +0.09% | -2.21% | |
| 10 | BX | Blackstone Inc | 股票-金融 | 2.28% | -0.09% | +2.10% | |
| 11 | MCD | Mcdonald's CORP | 股票-周期性消费 | 1.96% | -0.18% | +1.45% | |
| 12 | CVX | Chevron CORP | 股票-能源 | 1.95% | -0.68% | +0.63% | |
| 13 | BAC | Bank Of America CORP | 股票-金融 | 1.90% | +0.15% | +2.18% | |
| 14 | META | Meta Platforms Inc-class A | 股票-通信服务 | 1.89% | -0.11% | +66.55% | |
| 15 | NVDA | Nvidia CORP | 股票-科技 | 1.78% | +0.18% | -6.88% | |
| 16 | WMB | Williams Cos Inc | 股票-能源 | 1.74% | -0.11% | -1.36% | |
| 17 | VCSH | Vanguard S/t CORP Bond ETF | ETF-投资级公司债 | 1.65% | -0.09% | +3.75% | |
| 18 | CSCO | Cisco Systems Inc | 股票-科技 | 1.63% | +0.62% | +1.99% | |
| 19 | ETN | Eaton Corporation plc | 股票-工业 | 1.63% | +0.16% | +2.83% | |
| 20 | MU | Micron Technology Inc | 股票-科技 | 1.62% | +1.45% | -3.10% | |
| 21 | NEE | Nextera Energy Inc | 股票-公用事业 | 1.60% | -0.21% | +3.94% | |
| 22 | AMZN | Amazon.com Inc | 股票-周期性消费 | 1.57% | +0.12% | -2.48% | |
| 23 | PEP | Pepsico Inc | 股票-非周期性消费 | 1.55% | -0.30% | -0.31% | |
| 24 | MRK | Merck & Co. Inc. | 股票-医疗保健 | 1.54% | — | +1.04% | |
| 25 | VGSH | Vanguard Short-term Treasury | ETF-政府公债 | 1.54% | -0.09% | +2.50% | |
| 26 | KO | Coca-cola Co/the | 股票-非周期性消费 | 1.53% | — | +14.41% | |
| 27 | C | Citigroup Inc | 股票-金融 | 1.52% | +0.18% | -1.90% | |
| 28 | AEP | American Electric Power | 股票-公用事业 | 1.50% | -0.05% | +2.05% | |
| 29 | BLK | Blackrock Inc | 股票-金融 | 1.48% | -0.09% | +0.86% | |
| 30 | AMGN | Amgen Inc | 股票-医疗保健 | 1.46% | -0.06% | +0.86% | |
| 31 | HON | Honeywell International Inc | 股票-工业 | 1.43% | -1.66% | EXIT | |
| 32 | MDT | Medtronic plc | 股票-医疗保健 | 1.37% | -0.16% | +2.77% | |
| 33 | COP | Conocophillips | 股票-能源 | 1.11% | -0.35% | -0.17% | |
| 34 | WMT | Walmart Inc | 股票-非周期性消费 | 1.08% | -0.06% | -1.35% | |
| 35 | LMT | Lockheed Martin CORP | 股票-工业 | 1.06% | -0.26% | -1.68% | |
| 36 | VWO | Vanguard Ftse Emerging Marke | ETF-新兴市场 | 1.02% | +0.04% | -1.30% | |
| 37 | LHX | L3harris Technologies Inc | 股票-工业 | 1.00% | -0.25% | +1.96% | |
| 38 | VOO | Vanguard S&p 500 ETF | ETF-大型股与成长 | 0.99% | +0.01% | +507.75% | |
| 39 | AMT | American Tower CORP | 股票-房地产 | 0.90% | -0.16% | -7.69% | |
| 40 | VMBS | Vanguard Mortgage-backed Sec | ETF-其他 | 0.90% | -0.28% | +1.44% | |
| 41 | HD | Home Depot Inc | 股票-周期性消费 | 0.89% | +0.01% | -0.52% | |
| 42 | MDLZ | Mondelez International Inc-a | 股票-非周期性消费 | 0.85% | -0.06% | -4.46% | |
| 43 | NI | Nisource Inc | 股票-公用事业 | 0.85% | -0.06% | +1.69% | |
| 44 | MA | Mastercard Inc - A | 股票-金融 | 0.80% | -0.01% | +3.88% | |
| 45 | XLU | St Sr Utl Sl Se Spdr Etf-usd | ETF-其他 | 0.79% | -0.32% | +100.14% | |
| 46 | NOW | Servicenow Inc | 股票-科技 | 0.76% | — | +411.72% | |
| 47 | UNP | Union Pacific CORP | 股票-工业 | 0.67% | +0.04% | +5.17% | |
| 48 | KRE | Ss Spdr S&p Regional Bank | ETF-其他 | 0.64% | +0.05% | +25.24% | |
| 49 | NVS | Novartis Ag-sponsored Adr | 股票-医疗保健 | 0.62% | -0.02% | +1.15% | |
| 50 | IJR | Ishares Core S&p Small-cap E | ETF-中小型股 | 0.55% | +0.39% | +0.33% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | VOO | Vanguard S&p 500 ETF | +0.8% | +507.75% | 加仓 |
| 2 | GOOGL | Alphabet Inc-cl A | +0.8% | -2.95% | 减仓 |
| 3 | MU | Micron Technology Inc | +0.6% | -3.10% | 减仓 |
| 4 | META | Meta Platforms Inc-class A | +0.6% | +66.55% | 加仓 |
| 5 | JNJ | Johnson & Johnson | +0.3% | +2.24% | 加仓 |
| 6 | MRK | Merck & Co. Inc. | +0.3% | +1.04% | 加仓 |
| 7 | KO | Coca-cola Co/the | +0.2% | +14.41% | 加仓 |
| 8 | AMGN | Amgen Inc | +0.2% | +0.86% | 加仓 |
| 9 | CSCO | Cisco Systems Inc | +0.2% | +1.99% | 加仓 |
| 10 | AAPL | Apple Inc | +0.2% | -0.61% | 减仓 |
| 11 | IJH | Ishares Core S&p Midcap ETF | +0.1% | +4.83% | 加仓 |
| 12 | C | Citigroup Inc | +0.1% | -1.90% | 减仓 |
| 13 | NEE | Nextera Energy Inc | +0.1% | +3.94% | 加仓 |
| 14 | VNQ | Vanguard Real Estate ETF | +0.1% | +41.03% | 加仓 |
| 15 | KRE | Ss Spdr S&p Regional Bank | +0.1% | +25.24% | 加仓 |
| 16 | BAC | Bank Of America CORP | +0.1% | +2.18% | 加仓 |
| 17 | AVB | Avalonbay Communities Inc | +0.1% | +71.38% | 加仓 |
| 18 | JPM | Jpmorgan Chase & Co | +0.1% | +1.53% | 加仓 |
| 19 | ISRG | Intuitive Surgical Inc | +0.1% | +73.04% | 加仓 |
| 20 | WMT | Walmart Inc | 0% | -1.35% | 减仓 |
| 21 | AEP | American Electric Power | 0% | +2.05% | 加仓 |
| 22 | VCSH | Vanguard S/t CORP Bond ETF | 0% | +3.75% | 加仓 |
| 23 | NVS | Novartis Ag-sponsored Adr | 0% | +1.15% | 加仓 |
| 24 | MDT | Medtronic plc | 0% | +2.77% | 加仓 |
| 25 | VEA | Vanguard Ftse Developed ETF | 0% | -2.21% | 减仓 |
| 26 | DHR | Danaher CORP | 0% | -91.22% | 减仓 |
| 27 | BND | Vanguard Total Bond Market | 0% | +1.62% | 加仓 |
| 28 | TSM | Taiwan Semiconductor-sp Adr | 0% | -87.90% | 减仓 |
| 29 | PANW | Palo Alto Networks Inc | -0.1% | -20.70% | 减仓 |
| 30 | UNH | Unitedhealth Group Inc | -0.1% | -12.12% | 减仓 |
| 31 | LMT | Lockheed Martin CORP | -0.1% | -1.68% | 减仓 |
| 32 | LRCX | Lam Research CORP | -0.1% | -79.93% | 减仓 |
| 33 | HON | Honeywell International Inc | -0.1% | +1.99% | 加仓 |
| 34 | NOW | Servicenow Inc | -0.2% | +411.72% | 加仓 |
| 35 | BLK | Blackrock Inc | -0.2% | +0.86% | 加仓 |
| 36 | WMB | Williams Cos Inc | -0.2% | -1.36% | 减仓 |
| 37 | NVDA | Nvidia CORP | -0.2% | -6.88% | 减仓 |
| 38 | HD | Home Depot Inc | -0.2% | -0.52% | 减仓 |
| 39 | AMT | American Tower CORP | -0.2% | -7.69% | 减仓 |
| 40 | ORCL | Oracle CORP | -0.2% | -0.76% | 减仓 |
| 41 | MDLZ | Mondelez International Inc-a | -0.2% | -4.46% | 减仓 |
| 42 | BX | Blackstone Inc | -0.3% | +2.10% | 加仓 |
| 43 | ETN | Eaton Corporation plc | -0.3% | +2.83% | 加仓 |
| 44 | AVGO | Broadcom Inc | -0.4% | -10.80% | 减仓 |
| 45 | MSFT | Microsoft CORP | -0.6% | +0.35% | 加仓 |
| 46 | ARE | Alexandria Real Estate Equit | -1.1% | -85.63% | 减仓 |
| 47 | RF | Regions Financial CORP | — | NEW | 新建仓 |
| 48 | CMCSA | Comcast Corp-class A | — | EXIT | 清仓 |
| 49 | AES | Aes CORP | — | EXIT | 清仓 |
| 50 | TLN | Talen Energy CORP | — | EXIT | 清仓 |
根据 SEC 官方 Form 13F 申报备案，First Financial Bankshares Inc 在 Q4 2025 季度的美股持仓总市值约为 US$53.4亿，共申报了 212 个公开持股仓位。
在 Q4 2025 季度，First Financial Bankshares Inc 按市值排列的前三大核心持股分别为：MSFT (6.2%)、AVGO (4.8%)、JPM (4.8%)。其中最大持股仓位 MSFT 占据整体投资组合约 6.2% 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
RF
市值: US$2284.6万
本季最大获利了结 / 清仓标的
CMCSA
前期市值: US$1469.8万
在 Q4 2025 季度中，First Financial Bankshares Inc 共进行了 50 项持仓异动，包含新建仓 1 个仓位、加仓 26 个仓位、减仓 20 个仓位以及清仓 3 个仓位。 其中最大新建仓标的为 RF。 本季清仓仓位包含 CMCSA。
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。