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: 0001377581
申报总市值
US$80.9亿
US$80.9亿
63 檔
29.7%
Q4 2025 季度申报显示，First Pacific Advisors, LP 披露的美股组合总市值为 US$80.9亿，涵盖 63 个不同之权益投资仓位。
First Pacific Advisors, LP 在 Q4 2025 进行了结构性的板块轮动与仓位换股。在开立 4 个全新仓位及加仓 20 档持股的同时，亦同步清仓 2 档并减仓 23 档标的。
在资产配置集中度方面，First Pacific Advisors, LP 的前 5 大核心持股（包含 GOOGL, ADI, META 等）合计占整体申报市值的 29.7%，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 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 7.88% | -0.56% | -21.09% | |
| 2 | ADI | Analog Devices Inc | 股票-科技 | 6.69% | +0.17% | -6.03% | |
| 3 | META | Meta Platforms Inc-class A | 股票-通信服务 | 6.10% | -0.72% | -1.25% | |
| 4 | GOOG | Alphabet Inc-cl C | 股票-通信服务 | 5.58% | +0.46% | -9.04% | |
| 5 | C | Citigroup Inc | 股票-金融 | 5.39% | +0.18% | -7.20% | |
| 6 | TEL | TE Connectivity plc | 股票-科技 | 5.33% | -0.96% | -16.01% | |
| 7 | BDX | Becton Dickinson And Co | 股票-医疗保健 | 4.99% | -0.41% | +108.41% | |
| 8 | IFF | Intl Flavors & Fragrances | 股票-原材料 | 4.73% | -0.16% | +8.61% | |
| 9 | AMZN | Amazon.com Inc | 股票-周期性消费 | 4.29% | -0.12% | -1.75% | |
| 10 | CMCSA | Comcast Corp-class A | 股票-通信服务 | 3.31% | -0.83% | -25.26% | |
| 11 | AON | Aon plc | 股票-金融 | 3.05% | -0.39% | +0.32% | |
| 12 | FERG | Ferguson Enterprises Inc | 股票-工业 | 2.60% | -0.36% | -3.19% | |
| 13 | AMRZ | Amrize Ltd | 股票-原材料 | 2.43% | -0.38% | — | |
| 14 | ICLR | ICON Public Limited Company | 股票-医疗保健 | 2.35% | -0.24% | +0.67% | |
| 15 | FBIN | Fortune Brands Innovations I | 股票-工业 | 2.32% | +0.53% | +22.97% | |
| 16 | NXPI | NXP Semiconductors N.V. | 股票-科技 | 2.19% | +0.27% | +0.17% | |
| 17 | JEF | Jefferies Financial Group In | 股票-金融 | 2.11% | +0.17% | — | |
| 18 | MTN | Vail Resorts Inc | 股票-周期性消费 | 1.90% | +0.09% | +7.38% | |
| 19 | LPLA | Lpl Financial Holdings Inc | 股票-金融 | 1.82% | -0.23% | -12.65% | |
| 20 | ECHO 3.875 11-30-30债券 | Echostar CORP | 债券 | 1.73% | -0.42% | -1.73% | |
| 21 | LBRDK | Liberty Broadband-c | 股票-通信服务 | 1.71% | -1.36% | — | |
| 22 | TMO | Thermo Fisher Scientific Inc | 股票-医疗保健 | 1.67% | +0.01% | +1.69% | |
| 23 | NOV | Nov Inc | 股票-能源 | 1.67% | -0.20% | +1.85% | |
| 24 | BIO | Bio-rad Laboratories-a | 股票-医疗保健 | 1.60% | -0.13% | +1.79% | |
| 25 | MAR | Marriott International -cl A | 股票-周期性消费 | 1.59% | -0.99% | -13.51% | |
| 26 | KMX | Carmax Inc | 股票-周期性消费 | 1.49% | +0.23% | +17.84% | |
| 27 | KMI | Kinder Morgan, Inc. | 股票-能源 | 1.48% | -0.63% | EXIT | |
| 28 | WFC | Wells Fargo & Co | 股票-金融 | 1.36% | -0.17% | -14.08% | |
| 29 | CHTR | Charter Communications Inc-a | 股票-通信服务 | 1.27% | — | -28.57% | |
| 30 | WAB | Wabtec CORP | 股票-工业 | 1.25% | -0.28% | +1.81% | |
| 31 | UBER | Uber Technologies Inc | 股票-工业 | 1.03% | -0.11% | +1.96% | |
| 32 | NATL | Ncr Atleos CORP | 股票-科技 | 1.02% | -0.04% | — | |
| 33 | DEI | Douglas Emmett Inc | 股票-其他 | 0.94% | +0.14% | +22.40% | |
| 34 | VNO | Vornado Realty Trust | 股票-房地产 | 0.73% | +0.21% | — | |
| 35 | VYX | Ncr Voyix CORP | 股票-科技 | 0.68% | +0.07% | +28.89% | |
| 36 | DELL | Dell Technologies -c | 股票-科技 | 0.63% | -0.88% | EXIT | |
| 37 | AVTR | Avantor Inc | 股票-医疗保健 | 0.60% | +0.11% | -2.51% | |
| 38 | ECHO | Echostar Corp-a | 股票-通信服务 | 0.41% | -0.03% | -45.83% | |
| 39 | AVGO | Broadcom Inc | 股票-科技 | 0.39% | +0.03% | -24.94% | |
| 40 | MICC | The Magnum Ice Cream Company N. | 股票-非周期性消费 | 0.35% | +0.17% | — | |
| 41 | GPOR | Gulfport Energy CORP | 股票-其他 | 0.35% | — | -25.83% | |
| 42 | PCG | P G & E CORP | 股票-公用事业 | 0.24% | -0.05% | +1.87% | |
| 43 | RUSHA | Rush Enterprises Inc-cl A | 股票-周期性消费 | 0.11% | — | -6.91% | |
| 44 | STGW | Stagwell Inc | 股票-其他 | 0.08% | +0.01% | — | |
| 45 | W 1 08-15-26债券 | Wayfair Inc | 债券 | 0.06% | — | — | |
| 46 | TDW | Tidewater Inc | 股票-能源 | 0.06% | -0.04% | — | |
| 47 | SGOV | Ishares 0-3 Month Treasury B | ETF-政府公债 | 0.05% | — | +11.66% | |
| 48 | LAUR | Laureate Education Inc | 股票-其他 | 0.04% | — | -53.02% | |
| 49 | PDLB | Ponce Financial Group Inc | 股票-其他 | 0.04% | — | — | |
| 50 | ALGT | Allegiant Travel Co | 股票-其他 | 0.04% | +0.01% | — |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | BDX | Becton Dickinson And Co | +2.6% | +108.41% | 加仓 |
| 2 | GOOG | Alphabet Inc-cl C | +0.6% | -9.04% | 减仓 |
| 3 | IFF | Intl Flavors & Fragrances | +0.6% | +8.61% | 加仓 |
| 4 | ECHO 3.875 11-30-30债券 | Echostar CORP | +0.4% | -1.73% | 减仓 |
| 5 | TMO | Thermo Fisher Scientific Inc | +0.2% | +1.69% | 加仓 |
| 6 | NOV | Nov Inc | +0.2% | +1.85% | 加仓 |
| 7 | FBIN | Fortune Brands Innovations I | +0.2% | +22.97% | 加仓 |
| 8 | C | Citigroup Inc | +0.1% | -7.20% | 减仓 |
| 9 | BIO | Bio-rad Laboratories-a | +0.1% | +1.79% | 加仓 |
| 10 | WAB | Wabtec CORP | 0% | +1.81% | 加仓 |
| 11 | PCG | P G & E CORP | 0% | +1.87% | 加仓 |
| 12 | ALGT | Allegiant Travel Co | 0% | — | 不变 |
| 13 | VT | Vanguard Tot World Stk ETF | 0% | +9.90% | 加仓 |
| 14 | VYX | Ncr Voyix CORP | — | +28.89% | 加仓 |
| 15 | SGOV | Ishares 0-3 Month Treasury B | — | +11.66% | 加仓 |
| 16 | MRVI | Maravai Lifesciences Hldgs-a | — | — | 不变 |
| 17 | PDLB | Ponce Financial Group Inc | — | — | 不变 |
| 18 | DAR | Darling Ingredients Inc | — | — | 不变 |
| 19 | ASLE | Aersale CORP | — | — | 不变 |
| 20 | PBFS | Pioneer Bancorp Inc/ny | — | — | 不变 |
| 21 | EBC | Eastern Bankshares Inc | — | — | 不变 |
| 22 | UNIT | Uniti Group Inc | — | — | 不变 |
| 23 | ICLR | ICON Public Limited Company | 0% | +0.67% | 加仓 |
| 24 | ONL | Orion Properties Inc. | 0% | — | 不变 |
| 25 | STGW | Stagwell Inc | 0% | — | 不变 |
| 26 | RUSHA | Rush Enterprises Inc-cl A | 0% | -6.91% | 减仓 |
| 27 | PARR | Par Pacific Holdings Inc | 0% | -21.98% | 减仓 |
| 28 | NFLX | Netflix Inc | 0% | +900.00% | 加仓 |
| 29 | TDW | Tidewater Inc | 0% | — | 不变 |
| 30 | RSVR | Reservoir Media Inc | 0% | — | 不变 |
| 31 | W 1 08-15-26债券 | Wayfair Inc | 0% | — | 不变 |
| 32 | UPWK | Upwork Inc | 0% | -45.58% | 减仓 |
| 33 | MAR | Marriott International -cl A | 0% | -13.51% | 减仓 |
| 34 | LAUR | Laureate Education Inc | -0.1% | -53.02% | 减仓 |
| 35 | KMX | Carmax Inc | -0.1% | +17.84% | 加仓 |
| 36 | AMZN | Amazon.com Inc | -0.1% | -1.75% | 减仓 |
| 37 | GPOR | Gulfport Energy CORP | -0.1% | -25.83% | 减仓 |
| 38 | ADI | Analog Devices Inc | -0.1% | -6.03% | 减仓 |
| 39 | NATL | Ncr Atleos CORP | -0.1% | — | 不变 |
| 40 | KMI | Kinder Morgan, Inc. | -0.1% | +1.83% | 加仓 |
| 41 | AVTR | Avantor Inc | -0.1% | -2.51% | 减仓 |
| 42 | AVGO | Broadcom Inc | -0.1% | -24.94% | 减仓 |
| 43 | WFC | Wells Fargo & Co | -0.1% | -14.08% | 减仓 |
| 44 | ECHO | Echostar Corp-a | -0.2% | -45.83% | 减仓 |
| 45 | AON | Aon plc | -0.2% | +0.32% | 加仓 |
| 46 | DELL | Dell Technologies -c | -0.2% | -8.49% | 减仓 |
| 47 | MTN | Vail Resorts Inc | -0.2% | +7.38% | 加仓 |
| 48 | VNO | Vornado Realty Trust | -0.2% | — | 不变 |
| 49 | DEI | Douglas Emmett Inc | -0.2% | +22.40% | 加仓 |
| 50 | LPLA | Lpl Financial Holdings Inc | -0.2% | -12.65% | 减仓 |
根据 SEC 官方 Form 13F 申报备案，First Pacific Advisors, LP 在 Q4 2025 季度的美股持仓总市值约为 US$80.9亿，共申报了 63 个公开持股仓位。
在 Q4 2025 季度，First Pacific Advisors, LP 按市值排列的前三大核心持股分别为：GOOGL (7.9%)、ADI (6.7%)、META (6.1%)。其中最大持股仓位 GOOGL 占据整体投资组合约 7.9% 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
AMRZ
市值: US$1.8亿
本季最大获利了结 / 清仓标的
HWM
前期市值: US$6396.8万
在 Q4 2025 季度中，First Pacific Advisors, LP 共进行了 49 项持仓异动，包含新建仓 4 个仓位、加仓 20 个仓位、减仓 23 个仓位以及清仓 2 个仓位。 其中最大新建仓标的为 AMRZ。 本季清仓仓位包含 HWM。
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。