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
71 檔
38.0%
截至 Q3 2025 季度末，Harding Loevner LP 的美股持仓估值约为 US$106.4亿，全数申报仓位共有 71 档。
在 Q3 2025，Harding Loevner LP 展现出较为审慎的避险与获利了结姿态。本季共减仓 48 个仓位并完全清仓 6 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，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 38.0%，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 | 10.57% | +0.50% | -8.08% | |
| 2 | HDB | Hdfc Bank Ltd-adr | 股票-金融 | 6.79% | -1.10% | +91.28% | |
| 3 | SAP | Sap Se-sponsored Adr | 股票-科技 | 4.51% | -0.22% | -6.70% | |
| 4 | FMX | Fomento Economico Mex-sp Adr | 股票-其他 | 4.15% | +0.13% | +6.00% | |
| 5 | MELI | Mercadolibre Inc | 股票-周期性消费 | 3.66% | -0.33% | -4.62% | |
| 6 | LIN | Linde plc | 股票-原材料 | 3.26% | -0.01% | -1.31% | |
| 7 | BHP | Bhp Group Ltd-spon Adr | 股票-原材料 | 3.20% | +0.04% | -1.45% | |
| 8 | BAP | Credicorp Ltd. | 股票-金融 | 3.02% | +0.07% | -2.15% | |
| 9 | ALC | Alcon Inc. | 股票-医疗保健 | 3.00% | -0.01% | -21.76% | |
| 10 | NTES | Netease Inc-adr | 股票-通信服务 | 2.83% | +0.06% | -1.59% | |
| 11 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 2.63% | -0.51% | -36.33% | |
| 12 | MSFT | Microsoft CORP | 股票-科技 | 2.61% | -0.77% | -29.25% | |
| 13 | RYAAY | Ryanair Holdings Plc-sp Adr | 股票-工业 | 2.36% | -0.09% | +21.79% | |
| 14 | NICE | Nice LTD - Spon Adr | 股票-科技 | 2.35% | -0.67% | — | |
| 15 | AMZN | Amazon.com Inc | 股票-周期性消费 | 2.18% | -0.46% | -26.95% | |
| 16 | SE | Sea Ltd-adr | 股票-通信服务 | 2.05% | +1.75% | — | |
| 17 | NFLX | Netflix Inc | 股票-通信服务 | 1.97% | -0.87% | -26.91% | |
| 18 | ASML | ASML Holding N.V. | 股票-科技 | 1.94% | -0.29% | -1.22% | |
| 19 | META | Meta Platforms Inc-class A | 股票-通信服务 | 1.90% | -0.49% | -26.62% | |
| 20 | SHEL | Shell Plc-adr | 股票-能源 | 1.72% | -0.51% | -1.27% | |
| 21 | SONY | Sony Group CORP - Sp Adr | 股票-科技 | 1.59% | -0.10% | -21.74% | |
| 22 | CNI | Canadian Natl Railway Co | 股票-工业 | 1.59% | +3.09% | -1.19% | |
| 23 | BKNG | Booking Holdings Inc | 股票-周期性消费 | 1.50% | -0.16% | +8.65% | |
| 24 | CME | Cme Group Inc | 股票-金融 | 1.37% | -1.03% | EXIT | |
| 25 | NVDA | Nvidia CORP | 股票-科技 | 1.34% | -0.16% | -4.16% | |
| 26 | VRTX | Vertex Pharmaceuticals Inc | 股票-医疗保健 | 1.31% | -1.43% | -35.92% | |
| 27 | PGR | Progressive CORP | 股票-金融 | 1.25% | -0.24% | +97.79% | |
| 28 | BBVA | Banco Bilbao Vizcaya-sp Adr | 股票-金融 | 1.24% | +0.66% | -1.24% | |
| 29 | HLN | Haleon Plc-adr | 股票-医疗保健 | 1.18% | -0.23% | -20.58% | |
| 30 | MFC | Manulife Financial CORP | 股票-金融 | 1.16% | +0.64% | -17.28% | |
| 31 | APH | Amphenol Corp-cl A | 股票-科技 | 1.14% | +0.02% | -13.27% | |
| 32 | AVGO | Broadcom Inc | 股票-科技 | 1.09% | -0.31% | -41.01% | |
| 33 | DE | Deere & Co | 股票-工业 | 1.09% | -0.16% | -28.55% | |
| 34 | TW | Tradeweb Markets Inc-class A | 股票-金融 | 1.06% | -0.52% | -26.88% | |
| 35 | RIO | Rio Tinto Plc-spon Adr | 股票-原材料 | 0.91% | -0.14% | -0.85% | |
| 36 | SNPS | Synopsys Inc | 股票-科技 | 0.87% | — | -14.69% | |
| 37 | ACN | Accenture plc | 股票-科技 | 0.85% | -0.44% | +9.58% | |
| 38 | GMAB | Genmab A/s -sp Adr | 股票-其他 | 0.78% | -0.07% | +19.19% | |
| 39 | ADBE | Adobe Inc | 股票-科技 | 0.78% | -0.32% | -16.36% | |
| 40 | HEI | Heico CORP | 股票-工业 | 0.78% | -0.06% | -25.69% | |
| 41 | ABBV | Abbvie Inc | 股票-医疗保健 | 0.73% | -0.14% | -27.33% | |
| 42 | TLK | Telkom Indonesia Persero-adr | 股票-其他 | 0.68% | -0.28% | -1.79% | |
| 43 | CSGP | Costar Group Inc | 股票-房地产 | 0.67% | — | -26.16% | |
| 44 | NOW | Servicenow Inc | 股票-科技 | 0.65% | — | -26.47% | |
| 45 | DHR | Danaher CORP | 股票-医疗保健 | 0.60% | -0.19% | -27.18% | |
| 46 | TMO | Thermo Fisher Scientific Inc | 股票-医疗保健 | 0.60% | +0.09% | -26.56% | |
| 47 | AME | Ametek Inc | 股票-工业 | 0.59% | -0.14% | -25.60% | |
| 48 | NVS | Novartis Ag-sponsored Adr | 股票-医疗保健 | 0.59% | -0.07% | +100.93% | |
| 49 | ELV | Elevance Health Inc | 股票-医疗保健 | 0.58% | -0.03% | — | |
| 50 | JNJ | Johnson & Johnson | 股票-医疗保健 | 0.58% | +0.01% | -26.66% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | TSM | Taiwan Semiconductor-sp Adr | +3.3% | -8.08% | 减仓 |
| 2 | NTES | Netease Inc-adr | +2.8% | -1.59% | 加仓 |
| 3 | NVDA | Nvidia CORP | +0.8% | -4.16% | 加仓 |
| 4 | BAP | Credicorp Ltd. | +0.7% | -2.15% | 减仓 |
| 5 | ASML | ASML Holding N.V. | +0.6% | -1.22% | 减仓 |
| 6 | APH | Amphenol Corp-cl A | +0.4% | -13.27% | 减仓 |
| 7 | GMAB | Genmab A/s -sp Adr | +0.4% | +19.19% | 加仓 |
| 8 | BBVA | Banco Bilbao Vizcaya-sp Adr | +0.3% | -1.24% | 减仓 |
| 9 | BKNG | Booking Holdings Inc | +0.3% | +8.65% | 加仓 |
| 10 | SNPS | Synopsys Inc | +0.2% | -14.69% | 加仓 |
| 11 | MELI | Mercadolibre Inc | +0.2% | -4.62% | 减仓 |
| 12 | TLK | Telkom Indonesia Persero-adr | +0.2% | -1.79% | 加仓 |
| 13 | BHP | Bhp Group Ltd-spon Adr | +0.2% | -1.45% | 减仓 |
| 14 | ADBE | Adobe Inc | +0.1% | -16.36% | 加仓 |
| 15 | ACWI | Ishares Msci Acwi ETF | 0% | +344.56% | 加仓 |
| 16 | VEU | Vanguard Ftse All-world Ex-u | 0% | +29.50% | 减仓 |
| 17 | RIO | Rio Tinto Plc-spon Adr | — | -0.85% | 减仓 |
| 18 | ITUB | Itau Unibanco H-spon Prf Adr | — | -7.57% | 减仓 |
| 19 | IBN | Icici Bank Ltd-spon Adr | — | -1.11% | 减仓 |
| 20 | VEA | Vanguard Ftse Developed ETF | — | -24.45% | 减仓 |
| 21 | INDA | Ishares Msci India ETF | — | — | 不变 |
| 22 | EFG | Ishares Msci Eafe Growth ETF | — | — | 减仓 |
| 23 | EFA | Ishares Msci Eafe ETF | 0% | -24.03% | 减仓 |
| 24 | EPAM | Epam Systems Inc | 0% | -8.28% | 减仓 |
| 25 | KSPI | Jsc Kaspi.kz Adr | 0% | +2.27% | 减仓 |
| 26 | FMX | Fomento Economico Mex-sp Adr | -0.1% | +6.00% | 加仓 |
| 27 | GOOGL | Alphabet Inc-cl A | -0.1% | -36.33% | 减仓 |
| 28 | TS | Tenaris Sa-adr | -0.1% | -9.42% | 减仓 |
| 29 | AVGO | Broadcom Inc | -0.1% | -41.01% | 减仓 |
| 30 | SLB | Slb LTD | -0.1% | -14.74% | 加仓 |
| 31 | NOC | Northrop Grumman CORP | -0.1% | -30.22% | 减仓 |
| 32 | HEI | Heico CORP | -0.1% | -25.69% | 减仓 |
| 33 | MSFT | Microsoft CORP | -0.1% | -29.25% | 减仓 |
| 34 | NOW | Servicenow Inc | -0.1% | -26.47% | 减仓 |
| 35 | AME | Ametek Inc | -0.2% | -25.60% | 减仓 |
| 36 | SHEL | Shell Plc-adr | -0.2% | -1.27% | 减仓 |
| 37 | HON | Honeywell International Inc | -0.2% | -28.76% | 减仓 |
| 38 | META | Meta Platforms Inc-class A | -0.2% | -26.62% | 减仓 |
| 39 | ATKR | Atkore Inc | -0.2% | -33.04% | 减仓 |
| 40 | CSGP | Costar Group Inc | -0.2% | -26.16% | 减仓 |
| 41 | ABBV | Abbvie Inc | -0.2% | -27.33% | 减仓 |
| 42 | CNI | Canadian Natl Railway Co | -0.2% | -1.19% | 减仓 |
| 43 | LIN | Linde plc | -0.2% | -1.31% | 减仓 |
| 44 | TTD | Trade Desk Inc/the -class A | -0.3% | -27.99% | 减仓 |
| 45 | DHR | Danaher CORP | -0.3% | -27.18% | 减仓 |
| 46 | SONY | Sony Group CORP - Sp Adr | -0.3% | -21.74% | 减仓 |
| 47 | TW | Tradeweb Markets Inc-class A | -0.4% | -26.88% | 加仓 |
| 48 | AMZN | Amazon.com Inc | -0.5% | -26.95% | 减仓 |
| 49 | DE | Deere & Co | -0.5% | -28.55% | 减仓 |
| 50 | CME | Cme Group Inc | -0.5% | -27.08% | 减仓 |
根据 SEC 官方 Form 13F 申报备案，Harding Loevner LP 在 Q3 2025 季度的美股持仓总市值约为 US$106.4亿，共申报了 71 个公开持股仓位。
在 Q3 2025 季度，Harding Loevner LP 按市值排列的前三大核心持股分别为：TSM (10.6%)、HDB (6.8%)、SAP (4.5%)。其中最大持股仓位 TSM 占据整体投资组合约 10.6% 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$3.2亿
本季最大获利了结 / 清仓标的
UNH
前期市值: US$2.6亿
在 Q3 2025 季度中，Harding Loevner LP 共进行了 76 项持仓异动，包含新建仓 10 个仓位、加仓 12 个仓位、减仓 48 个仓位以及清仓 6 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。