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: 0000928196
申报总市值
US$106.4亿
US$106.4亿
68 檔
40.5%
在 Q2 2025 的 13F 官方备案中，Harding Loevner LP 管理的美股投资组合规模来到 US$106.4亿，整体持股档数为 68 档。
Harding Loevner LP 在 Q2 2025 进行了结构性的板块轮动与仓位换股。在开立 6 个全新仓位及加仓 29 档持股的同时，亦同步清仓 5 档并减仓 32 档标的。
在资产配置集中度方面，Harding Loevner LP 的前 5 大核心持股（包含 TSM, HDB, SAP 等）合计占整体申报市值的 40.5%，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 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 8.56% | +0.50% | -2.36% | |
| 2 | HDB | Hdfc Bank Ltd-adr | 股票-金融 | 7.30% | -1.10% | -2.54% | |
| 3 | SAP | Sap Se-sponsored Adr | 股票-科技 | 5.04% | -0.22% | -1.89% | |
| 4 | ALC | Alcon Inc. | 股票-医疗保健 | 4.16% | -0.01% | -1.65% | |
| 5 | MELI | Mercadolibre Inc | 股票-周期性消费 | 3.93% | -0.33% | -4.04% | |
| 6 | FMX | Fomento Economico Mex-sp Adr | 股票-其他 | 3.75% | +0.13% | -3.92% | |
| 7 | MSFT | Microsoft CORP | 股票-科技 | 3.25% | -0.77% | +2.11% | |
| 8 | LIN | Linde plc | 股票-原材料 | 2.99% | -0.01% | -2.98% | |
| 9 | NFLX | Netflix Inc | 股票-通信服务 | 2.76% | -0.87% | -19.20% | |
| 10 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 2.75% | -0.51% | +1.83% | |
| 11 | AMZN | Amazon.com Inc | 股票-周期性消费 | 2.74% | -0.46% | +1.76% | |
| 12 | BHP | Bhp Group Ltd-spon Adr | 股票-原材料 | 2.57% | +0.04% | -3.10% | |
| 13 | META | Meta Platforms Inc-class A | 股票-通信服务 | 2.39% | -0.49% | +1.84% | |
| 14 | BAP | Credicorp Ltd. | 股票-金融 | 2.37% | +0.07% | -3.41% | |
| 15 | NTES | Netease Inc-adr | 股票-通信服务 | 2.34% | +0.06% | +3564.82% | |
| 16 | VRTX | Vertex Pharmaceuticals Inc | 股票-医疗保健 | 2.13% | -1.43% | +1.88% | |
| 17 | TW | Tradeweb Markets Inc-class A | 股票-金融 | 1.76% | -0.52% | +42.50% | |
| 18 | CME | Cme Group Inc | 股票-金融 | 1.76% | -1.03% | EXIT | |
| 19 | RYAAY | Ryanair Holdings Plc-sp Adr | 股票-工业 | 1.70% | -0.09% | — | |
| 20 | SONY | Sony Group CORP - Sp Adr | 股票-科技 | 1.69% | -0.10% | -2.03% | |
| 21 | CNI | Canadian Natl Railway Co | 股票-工业 | 1.63% | +3.09% | -2.93% | |
| 22 | HLN | Haleon Plc-adr | 股票-医疗保健 | 1.57% | -0.23% | -2.26% | |
| 23 | SHEL | Shell Plc-adr | 股票-能源 | 1.57% | -0.51% | -1.29% | |
| 24 | DE | Deere & Co | 股票-工业 | 1.55% | -0.16% | +2.23% | |
| 25 | ASML | ASML Holding N.V. | 股票-科技 | 1.49% | -0.29% | +0.71% | |
| 26 | ZTO | Zto Express Cayman Inc-adr | 股票-其他 | 1.47% | — | -6.71% | |
| 27 | AVGO | Broadcom Inc | 股票-科技 | 1.42% | -0.31% | -15.43% | |
| 28 | BKNG | Booking Holdings Inc | 股票-周期性消费 | 1.36% | -0.16% | +2.02% | |
| 29 | MFC | Manulife Financial CORP | 股票-金融 | 1.32% | +0.64% | -17.15% | |
| 30 | NVDA | Nvidia CORP | 股票-科技 | 1.08% | -0.16% | +45.96% | |
| 31 | HEI | Heico CORP | 股票-工业 | 0.98% | -0.06% | +1.51% | |
| 32 | SNPS | Synopsys Inc | 股票-科技 | 0.97% | — | +45.86% | |
| 33 | APH | Amphenol Corp-cl A | 股票-科技 | 0.96% | +0.02% | +1.91% | |
| 34 | ADBE | Adobe Inc | 股票-科技 | 0.94% | -0.32% | +52.92% | |
| 35 | BBVA | Banco Bilbao Vizcaya-sp Adr | 股票-金融 | 0.92% | +0.66% | -1.90% | |
| 36 | NOW | Servicenow Inc | 股票-科技 | 0.90% | — | +1.66% | |
| 37 | AMAT | Applied Materials Inc | 股票-科技 | 0.88% | — | NEW | |
| 38 | TTD | Trade Desk Inc/the -class A | 股票-通信服务 | 0.87% | -0.25% | EXIT | |
| 39 | ACN | Accenture plc | 股票-科技 | 0.86% | -0.44% | -39.21% | |
| 40 | CSGP | Costar Group Inc | 股票-房地产 | 0.79% | — | +1.87% | |
| 41 | DHR | Danaher CORP | 股票-医疗保健 | 0.76% | -0.19% | +1.81% | |
| 42 | RIO | Rio Tinto Plc-spon Adr | 股票-原材料 | 0.75% | -0.14% | -3.48% | |
| 43 | ABBV | Abbvie Inc | 股票-医疗保健 | 0.74% | -0.14% | +1.69% | |
| 44 | AME | Ametek Inc | 股票-工业 | 0.70% | -0.14% | +1.86% | |
| 45 | V | Visa Inc-class A Shares | 股票-金融 | 0.67% | -0.19% | — | |
| 46 | ATKR | Atkore Inc | 股票-其他 | 0.64% | -0.02% | +3.17% | |
| 47 | PGR | Progressive CORP | 股票-金融 | 0.63% | -0.24% | — | |
| 48 | TMO | Thermo Fisher Scientific Inc | 股票-医疗保健 | 0.63% | +0.09% | -44.90% | |
| 49 | JNJ | Johnson & Johnson | 股票-医疗保健 | 0.60% | +0.01% | — | |
| 50 | HON | Honeywell International Inc | 股票-工业 | 0.58% | -0.95% | EXIT |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | NTES | Netease Inc-adr | +2.3% | +3564.82% | 加仓 |
| 2 | RYAAY | Ryanair Holdings Plc-sp Adr | +1.7% | NEW | 新建仓 |
| 3 | TSM | Taiwan Semiconductor-sp Adr | +1.3% | -2.36% | 减仓 |
| 4 | V | Visa Inc-class A Shares | +0.7% | NEW | 新建仓 |
| 5 | PGR | Progressive CORP | +0.6% | NEW | 新建仓 |
| 6 | JNJ | Johnson & Johnson | +0.6% | NEW | 新建仓 |
| 7 | MSFT | Microsoft CORP | +0.5% | +2.11% | 加仓 |
| 8 | NVDA | Nvidia CORP | +0.5% | +45.96% | 加仓 |
| 9 | MELI | Mercadolibre Inc | +0.5% | -4.04% | 减仓 |
| 10 | TW | Tradeweb Markets Inc-class A | +0.3% | +42.50% | 加仓 |
| 11 | SNPS | Synopsys Inc | +0.3% | +45.86% | 加仓 |
| 12 | META | Meta Platforms Inc-class A | +0.3% | +1.84% | 加仓 |
| 13 | AVGO | Broadcom Inc | +0.3% | -15.43% | 减仓 |
| 14 | NVS | Novartis Ag-sponsored Adr | +0.3% | NEW | 新建仓 |
| 15 | APH | Amphenol Corp-cl A | +0.3% | +1.91% | 加仓 |
| 16 | ADBE | Adobe Inc | +0.3% | +52.92% | 加仓 |
| 17 | BKNG | Booking Holdings Inc | +0.2% | +2.02% | 加仓 |
| 18 | TTD | Trade Desk Inc/the -class A | +0.1% | +2.01% | 加仓 |
| 19 | NOW | Servicenow Inc | +0.1% | +1.66% | 加仓 |
| 20 | ASML | ASML Holding N.V. | +0.1% | +0.71% | 加仓 |
| 21 | AMAT | Applied Materials Inc | +0.1% | +1.29% | 加仓 |
| 22 | AMZN | Amazon.com Inc | +0.1% | +1.76% | 加仓 |
| 23 | HEI | Heico CORP | +0.1% | +1.51% | 加仓 |
| 24 | TLK | Telkom Indonesia Persero-adr | +0.1% | +12.38% | 加仓 |
| 25 | GOOGL | Alphabet Inc-cl A | +0.1% | +1.83% | 加仓 |
| 26 | CIB | Grupo Cibest Sa-adr | +0.1% | NEW | 新建仓 |
| 27 | NFLX | Netflix Inc | +0.1% | -19.20% | 减仓 |
| 28 | BAP | Credicorp Ltd. | 0% | -3.41% | 减仓 |
| 29 | ATKR | Atkore Inc | 0% | +3.17% | 加仓 |
| 30 | INDA | Ishares Msci India ETF | — | — | 不变 |
| 31 | ABEV | Ambev Sa-adr | — | EXIT | 清仓 |
| 32 | VEA | Vanguard Ftse Developed ETF | — | -9.86% | 减仓 |
| 33 | IBN | Icici Bank Ltd-spon Adr | — | -6.50% | 减仓 |
| 34 | HON | Honeywell International Inc | 0% | +1.75% | 加仓 |
| 35 | EFA | Ishares Msci Eafe ETF | 0% | -83.03% | 减仓 |
| 36 | EFG | Ishares Msci Eafe Growth ETF | 0% | EXIT | 清仓 |
| 37 | ITUB | Itau Unibanco H-spon Prf Adr | 0% | -21.65% | 减仓 |
| 38 | BBVA | Banco Bilbao Vizcaya-sp Adr | 0% | -1.90% | 减仓 |
| 39 | GMAB | Genmab A/s -sp Adr | 0% | +1.48% | 加仓 |
| 40 | ACWI | Ishares Msci Acwi ETF | 0% | -58.70% | 减仓 |
| 41 | EPAM | Epam Systems Inc | 0% | -19.83% | 减仓 |
| 42 | BABA | Alibaba Group Holding-sp Adr | 0% | EXIT | 清仓 |
| 43 | KSPI | Jsc Kaspi.kz Adr | 0% | -18.76% | 减仓 |
| 44 | DE | Deere & Co | -0.1% | +2.23% | 加仓 |
| 45 | AME | Ametek Inc | -0.1% | +1.86% | 加仓 |
| 46 | CIBEUR | Bancolombia S.a.-spons Adr | -0.1% | EXIT | 清仓 |
| 47 | SLB | Slb LTD | -0.1% | +28.31% | 加仓 |
| 48 | TS | Tenaris Sa-adr | -0.1% | -24.35% | 减仓 |
| 49 | NOC | Northrop Grumman CORP | -0.1% | +1.91% | 加仓 |
| 50 | CSGP | Costar Group Inc | -0.1% | +1.87% | 加仓 |
根据 SEC 官方 Form 13F 申报备案，Harding Loevner LP 在 Q2 2025 季度的美股持仓总市值约为 US$106.4亿，共申报了 68 个公开持股仓位。
在 Q2 2025 季度，Harding Loevner LP 按市值排列的前三大核心持股分别为：TSM (8.6%)、HDB (7.3%)、SAP (5.0%)。其中最大持股仓位 TSM 占据整体投资组合约 8.6% 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
RYAAY
市值: US$2.5亿
本季最大获利了结 / 清仓标的
UNH
前期市值: US$2.6亿
在 Q2 2025 季度中，Harding Loevner LP 共进行了 72 项持仓异动，包含新建仓 6 个仓位、加仓 29 个仓位、减仓 32 个仓位以及清仓 5 个仓位。 其中最大新建仓标的为 RYAAY。 本季清仓仓位包含 UNH。
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。