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: 0001353395
申报总市值
US$10.0亿
US$10.0亿
181 檔
12.1%
Fulcrum Asset Management LLP 在 Q4 2025 季度的美股仓位总计估值为 US$10.0亿，分散于 181 个持仓标的之中，反映其市场参与广度与投资规模。
在 Q4 2025，Fulcrum Asset Management LLP 展现出较为审慎的避险与获利了结姿态。本季共减仓 94 个仓位并完全清仓 2 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，Fulcrum Asset Management LLP 的前 5 大核心持股（包含 NVDA, MSFT, AMZN 等）合计占整体申报市值的 12.1%，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 | NVDA | Nvidia CORP | 股票-科技 | 11.37% | -2.89% | -1.38% | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 8.01% | -2.03% | +0.88% | |
| 3 | AMZN | Amazon.com Inc | 股票-周期性消费 | 5.45% | -1.20% | +7.26% | |
| 4 | AVGO | Broadcom Inc | 股票-科技 | 5.11% | -1.60% | -5.64% | |
| 5 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 3.92% | -0.75% | -2.88% | |
| 6 | GOOG | Alphabet Inc-cl C | 股票-通信服务 | 3.84% | -1.06% | +10.89% | |
| 7 | JPM | Jpmorgan Chase & Co | 股票-金融 | 3.31% | -1.16% | -2.88% | |
| 8 | MU | Micron Technology Inc | 股票-科技 | 2.38% | +1.32% | -14.13% | |
| 9 | V | Visa Inc-class A Shares | 股票-金融 | 2.35% | -0.63% | -2.88% | |
| 10 | MA | Mastercard Inc - A | 股票-金融 | 2.05% | -0.52% | -2.88% | |
| 11 | RSG | Republic Services Inc | 股票-工业 | 1.72% | -1.37% | -2.12% | |
| 12 | BKR | Baker Hughes Co | 股票-能源 | 1.46% | -0.21% | -16.15% | |
| 13 | TRV | Travelers Cos Inc/the | 股票-金融 | 1.43% | +0.51% | NEW | |
| 14 | NEE | Nextera Energy Inc | 股票-公用事业 | 1.42% | -1.48% | -19.62% | |
| 15 | PGR | Progressive CORP | 股票-金融 | 1.31% | -0.59% | -2.88% | |
| 16 | TMO | Thermo Fisher Scientific Inc | 股票-医疗保健 | 1.27% | -0.48% | -2.87% | |
| 17 | JNJ | Johnson & Johnson | 股票-医疗保健 | 1.22% | -0.30% | -2.88% | |
| 18 | AME | Ametek Inc | 股票-工业 | 1.19% | -0.21% | -3.63% | |
| 19 | ES | Eversource Energy | 股票-公用事业 | 1.19% | -0.35% | -8.64% | |
| 20 | IBKR | Interactive Brokers Gro-cl A | 股票-金融 | 1.16% | -0.16% | -2.88% | |
| 21 | WCN | Waste Connections Inc | 股票-工业 | 1.14% | -0.78% | -1.91% | |
| 22 | AEE | Ameren Corporation | 股票-公用事业 | 1.14% | -0.13% | EXIT | |
| 23 | ED | Consolidated Edison Inc | 股票-公用事业 | 1.13% | -0.23% | +16.54% | |
| 24 | BSX | Boston Scientific CORP | 股票-医疗保健 | 1.03% | -0.20% | -2.88% | |
| 25 | PANW | Palo Alto Networks Inc | 股票-科技 | 0.96% | -0.29% | -2.88% | |
| 26 | WM | Waste Management Inc | 股票-工业 | 0.94% | -2.24% | -1.75% | |
| 27 | AMAT | Applied Materials Inc | 股票-科技 | 0.91% | -0.31% | -2.88% | |
| 28 | SPGI | S&p Global Inc | 股票-金融 | 0.91% | -0.16% | -2.87% | |
| 29 | ADSK | Autodesk Inc | 股票-科技 | 0.89% | -0.41% | -2.88% | |
| 30 | MS | Morgan Stanley | 股票-金融 | 0.87% | +0.14% | -2.88% | |
| 31 | CPAY | Corpay Inc | 股票-科技 | 0.83% | -0.42% | -2.87% | |
| 32 | BAC | Bank Of America CORP | 股票-金融 | 0.83% | +0.11% | -2.88% | |
| 33 | SLB | Slb LTD | 股票-能源 | 0.82% | -1.89% | -56.73% | |
| 34 | AMD | Advanced Micro Devices | 股票-科技 | 0.78% | +0.22% | +3.26% | |
| 35 | AWK | American Water Works Co Inc | 股票-公用事业 | 0.77% | -0.17% | -51.65% | |
| 36 | UNH | Unitedhealth Group Inc | 股票-医疗保健 | 0.76% | -0.18% | -2.88% | |
| 37 | TJX | Tjx Companies Inc | 股票-周期性消费 | 0.71% | +0.02% | -2.88% | |
| 38 | ARES | Ares Management CORP - A | 股票-金融 | 0.71% | -0.03% | +1.85% | |
| 39 | TTWO | Take-two Interactive Softwre | 股票-通信服务 | 0.70% | -0.08% | -2.88% | |
| 40 | MRK | Merck & Co. Inc. | 股票-医疗保健 | 0.67% | -0.26% | -2.88% | |
| 41 | PEP | Pepsico Inc | 股票-非周期性消费 | 0.58% | -0.36% | -2.89% | |
| 42 | CI | THE Cigna Group | 股票-医疗保健 | 0.58% | -0.13% | -2.88% | |
| 43 | WEX | Wex Inc | 股票-科技 | 0.57% | -0.21% | -2.88% | |
| 44 | RY | Royal Bank Of Canada | 股票-金融 | 0.56% | — | EXIT | |
| 45 | SRE | Sempra | 股票-公用事业 | 0.56% | -0.32% | -2.88% | |
| 46 | APH | Amphenol Corp-cl A | 股票-科技 | 0.55% | -0.21% | +13.81% | |
| 47 | AJG | Arthur J Gallagher & Co | 股票-金融 | 0.54% | +0.31% | -2.88% | |
| 48 | DHI | Dr Horton Inc | 股票-周期性消费 | 0.52% | -0.23% | -2.75% | |
| 49 | WEC | Wec Energy Group Inc | 股票-公用事业 | 0.50% | -0.05% | +25.95% | |
| 50 | CRM | Salesforce Inc | 股票-科技 | 0.50% | -0.20% | -2.89% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | GOOG | Alphabet Inc-cl C | +1.2% | +10.89% | 加仓 |
| 2 | GOOGL | Alphabet Inc-cl A | +0.8% | -2.88% | 减仓 |
| 3 | MU | Micron Technology Inc | +0.8% | -14.13% | 减仓 |
| 4 | AMZN | Amazon.com Inc | +0.7% | +7.26% | 加仓 |
| 5 | AMD | Advanced Micro Devices | +0.2% | +3.26% | 加仓 |
| 6 | TMO | Thermo Fisher Scientific Inc | +0.2% | -2.87% | 减仓 |
| 7 | AMAT | Applied Materials Inc | +0.2% | -2.88% | 减仓 |
| 8 | ED | Consolidated Edison Inc | +0.2% | +16.54% | 加仓 |
| 9 | AEE | Ameren Corporation | +0.1% | +18.18% | 加仓 |
| 10 | MRK | Merck & Co. Inc. | +0.1% | -2.88% | 减仓 |
| 11 | APH | Amphenol Corp-cl A | +0.1% | +13.81% | 加仓 |
| 12 | TRGP | Targa Resources CORP | +0.1% | +15.27% | 加仓 |
| 13 | JNJ | Johnson & Johnson | +0.1% | -2.88% | 减仓 |
| 14 | MS | Morgan Stanley | +0.1% | -2.88% | 减仓 |
| 15 | WEC | Wec Energy Group Inc | +0.1% | +25.95% | 加仓 |
| 16 | LRCX | Lam Research CORP | +0.1% | -2.89% | 减仓 |
| 17 | AME | Ametek Inc | +0.1% | -3.63% | 减仓 |
| 18 | OKE | Oneok Inc | +0.1% | +16.04% | 加仓 |
| 19 | MPLX | Mplx LP | +0.1% | +15.25% | 加仓 |
| 20 | SPGI | S&p Global Inc | +0.1% | -2.87% | 减仓 |
| 21 | CRM | Salesforce Inc | 0% | -2.89% | 减仓 |
| 22 | IDXX | Idexx Laboratories Inc | 0% | +17.18% | 加仓 |
| 23 | SQM | Quimica Y Minera Chil-sp Adr | 0% | +17.13% | 加仓 |
| 24 | BAC | Bank Of America CORP | 0% | -2.88% | 减仓 |
| 25 | ECL | Ecolab Inc | 0% | +17.20% | 加仓 |
| 26 | ENB | Enbridge Inc | 0% | +15.26% | 加仓 |
| 27 | TJX | Tjx Companies Inc | 0% | -2.88% | 减仓 |
| 28 | ARES | Ares Management CORP - A | 0% | +1.85% | 加仓 |
| 29 | WMB | Williams Cos Inc | 0% | +15.25% | 加仓 |
| 30 | EPD | Enterprise Products Partners | 0% | +16.10% | 加仓 |
| 31 | TRV | Travelers Cos Inc/the | 0% | -2.88% | 减仓 |
| 32 | BMY | Bristol-myers Squibb Co | 0% | -2.88% | 减仓 |
| 33 | V | Visa Inc-class A Shares | 0% | -2.88% | 减仓 |
| 34 | KMI | Kinder Morgan, Inc. | 0% | +15.25% | 加仓 |
| 35 | CPAY | Corpay Inc | 0% | -2.87% | 减仓 |
| 36 | ELV | Elevance Health Inc | 0% | -2.87% | 减仓 |
| 37 | NTR | Nutrien LTD | 0% | +17.18% | 加仓 |
| 38 | FCX | Freeport-mcmoran Inc | 0% | -9.09% | 减仓 |
| 39 | CTVA | Corteva Inc | 0% | +17.19% | 加仓 |
| 40 | PAA | Plains All Amer Pipeline LP | 0% | +15.25% | 加仓 |
| 41 | AVGO | Broadcom Inc | 0% | -5.64% | 减仓 |
| 42 | PLD | Prologis Inc | 0% | -2.63% | 减仓 |
| 43 | NEM | Newmont CORP | 0% | -2.89% | 减仓 |
| 44 | WES | Western Midstream Partners L | 0% | +15.24% | 加仓 |
| 45 | AM | Antero Midstream CORP | 0% | +15.25% | 加仓 |
| 46 | CLH | Clean Harbors Inc | 0% | — | 不变 |
| 47 | VALE | Vale Sa-sp Adr | 0% | -9.08% | 减仓 |
| 48 | ET | Energy Transfer LP | 0% | +16.36% | 加仓 |
| 49 | PBA | Pembina Pipeline CORP | 0% | +15.26% | 加仓 |
| 50 | KLAC | Kla CORP | 0% | -11.68% | 减仓 |
根据 SEC 官方 Form 13F 申报备案，Fulcrum Asset Management LLP 在 Q4 2025 季度的美股持仓总市值约为 US$10.0亿，共申报了 181 个公开持股仓位。
在 Q4 2025 季度，Fulcrum Asset Management LLP 按市值排列的前三大核心持股分别为：NVDA (11.4%)、MSFT (8.0%)、AMZN (5.5%)。其中最大持股仓位 NVDA 占据整体投资组合约 11.4% 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
RY
市值: US$201.8万
本季最大获利了结 / 清仓标的
PNW
前期市值: US$250.9万
在 Q4 2025 季度中，Fulcrum Asset Management LLP 共进行了 134 项持仓异动，包含新建仓 6 个仓位、加仓 32 个仓位、减仓 94 个仓位以及清仓 2 个仓位。 其中最大新建仓标的为 RY。 本季清仓仓位包含 PNW。
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。