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: 0000944733
申报总市值
US$2.5亿
US$2.5亿
44 檔
34.8%
截至 Q3 2025 季度末，Hutner Capital Management Inc 的美股持仓估值约为 US$2.5亿，全数申报仓位共有 44 档。
在 Q3 2025，Hutner Capital Management Inc 进行了温和的常态性持仓调整（包含新建仓 0 档、加仓 21 档、减仓 21 档与清仓 4 档），整体投资组合架构维持相对稳定。
在资产配置集中度方面，Hutner Capital Management Inc 的前 5 大核心持股（包含 BRK-A, BRK-B, COST 等）合计占整体申报市值的 34.8%，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 | BRK-A | Berkshire Hathaway Inc-cl A | 股票-其他 | 13.08% | +0.08% | -2.38% | |
| 2 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 8.97% | -0.46% | +2.18% | |
| 3 | COST | Costco Wholesale CORP | 股票-非周期性消费 | 5.56% | -0.51% | -0.25% | |
| 4 | PM | Philip Morris International | 股票-非周期性消费 | 5.08% | +0.25% | +0.61% | |
| 5 | MCD | Mcdonald's CORP | 股票-周期性消费 | 4.45% | -0.70% | +0.86% | |
| 6 | FNV | Franco-nevada CORP | 股票-原材料 | 4.41% | -0.79% | +3.94% | |
| 7 | KO | Coca-cola Co/the | 股票-非周期性消费 | 4.35% | +0.16% | +1.43% | |
| 8 | ABBV | Abbvie Inc | 股票-医疗保健 | 4.13% | +0.42% | +0.37% | |
| 9 | GOOG | Alphabet Inc-cl C | 股票-通信服务 | 4.09% | +1.05% | +2.34% | |
| 10 | PEP | Pepsico Inc | 股票-非周期性消费 | 3.71% | -0.58% | +13.68% | |
| 11 | PG | Procter & Gamble Co/the | 股票-非周期性消费 | 3.51% | -0.08% | +1.34% | |
| 12 | JNJ | Johnson & Johnson | 股票-医疗保健 | 3.46% | +0.01% | +3.60% | |
| 13 | ENB | Enbridge Inc | 股票-能源 | 3.30% | -0.09% | +4.78% | |
| 14 | MO | Altria Group Inc | 股票-非周期性消费 | 3.19% | +0.16% | +2.96% | |
| 15 | AXP | American Express Co | 股票-金融 | 2.90% | +0.24% | +0.00% | |
| 16 | WMT | Walmart Inc | 股票-非周期性消费 | 2.61% | -0.37% | -0.11% | |
| 17 | ABT | Abbott Laboratories | 股票-医疗保健 | 2.45% | -0.28% | +4.07% | |
| 18 | AAPL | Apple Inc | 股票-科技 | 2.38% | +0.26% | +10.07% | |
| 19 | EPD | Enterprise Products Partners | 股票-能源 | 1.82% | -0.11% | +0.95% | |
| 20 | GPC | Genuine Parts Co | 股票-周期性消费 | 1.46% | +0.08% | +10.07% | |
| 21 | ORLY | O'reilly Automotive Inc | 股票-周期性消费 | 1.30% | -0.04% | -0.07% | |
| 22 | ✓ | 股票-其他 | 1.25% | — | +6.67% | ||
| 23 | O | Realty Income CORP | 股票-房地产 | 1.24% | — | +6.79% | |
| 24 | UNP | Union Pacific CORP | 股票-工业 | 1.23% | +0.16% | +3.16% | |
| 25 | VRSK | Verisk Analytics Inc | 股票-工业 | 1.19% | +0.34% | — | |
| 26 | ADI | Analog Devices Inc | 股票-科技 | 1.17% | +0.32% | +6.94% | |
| 27 | NSC | Norfolk Southern CORP | 股票-工业 | 0.95% | +0.05% | +1.50% | |
| 28 | V | Visa Inc-class A Shares | 股票-金融 | 0.72% | +0.22% | +15.83% | |
| 29 | DEO | Diageo Plc-sponsored Adr | 股票-非周期性消费 | 0.68% | — | — | |
| 30 | HSY | Hershey Co/the | 股票-非周期性消费 | 0.67% | -0.14% | +12.15% | |
| 31 | PGR | Progressive CORP | 股票-金融 | 0.58% | +0.04% | +3.47% | |
| 32 | WFC | Wells Fargo & Co | 股票-金融 | 0.54% | — | -0.09% | |
| 33 | OKE | Oneok Inc | 股票-能源 | 0.50% | -0.02% | -19.70% | |
| 34 | YUM | Yum! Brands Inc | 股票-周期性消费 | 0.50% | +0.02% | +21.81% | |
| 35 | SHW | Sherwin-williams Co/the | 股票-原材料 | 0.46% | +0.02% | +14.59% | |
| 36 | QSR | Restaurant Brands Intern | 股票-周期性消费 | 0.43% | +0.13% | -1.05% | |
| 37 | NVS | Novartis Ag-sponsored Adr | 股票-医疗保健 | 0.35% | — | +11.16% | |
| 38 | EXPD | Expeditors Intl Wash Inc | 股票-工业 | 0.34% | +0.04% | -0.15% | |
| 39 | WEC | Wec Energy Group Inc | 股票-公用事业 | 0.26% | — | — | |
| 40 | MCO | Moody's CORP | 股票-金融 | 0.19% | — | — | |
| 41 | ✓ | 股票-其他 | 0.17% | — | +38.04% | ||
| 42 | UPS | United Parcel Service-cl B | 股票-工业 | 0.16% | — | -0.34% | |
| 43 | AMT | American Tower CORP | 股票-房地产 | 0.12% | -0.09% | EXIT | |
| 44 | MDLZ | Mondelez International Inc-a | 股票-非周期性消费 | 0.09% | — | — |
| # | 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 | +1.3% | +2.34% | 减仓 |
| 2 | FNV | Franco-nevada CORP | +1.2% | +3.94% | 减仓 |
| 3 | AAPL | Apple Inc | +0.7% | +10.07% | 加仓 |
| 4 | ENB | Enbridge Inc | +0.7% | +4.78% | 加仓 |
| 5 | MO | Altria Group Inc | +0.5% | +2.96% | 加仓 |
| 6 | BRK-B | Berkshire Hathaway Inc-cl B | +0.3% | +2.18% | 加仓 |
| 7 | AXP | American Express Co | +0.3% | +0.00% | 减仓 |
| 8 | V | Visa Inc-class A Shares | +0.3% | +15.83% | 加仓 |
| 9 | GPC | Genuine Parts Co | +0.3% | +10.07% | 加仓 |
| 10 | ABBV | Abbvie Inc | +0.3% | +0.37% | 减仓 |
| 11 | WMT | Walmart Inc | +0.2% | -0.11% | 减仓 |
| 12 | ✓ | +0.2% | +6.67% | 加仓 | |
| 13 | PEP | Pepsico Inc | +0.2% | +13.68% | 加仓 |
| 14 | NSC | Norfolk Southern CORP | +0.2% | +1.50% | 减仓 |
| 15 | PGR | Progressive CORP | +0.2% | +3.47% | 加仓 |
| 16 | YUM | Yum! Brands Inc | +0.2% | +21.81% | 加仓 |
| 17 | O | Realty Income CORP | +0.1% | +6.79% | 加仓 |
| 18 | ABT | Abbott Laboratories | +0.1% | +4.07% | 加仓 |
| 19 | SHW | Sherwin-williams Co/the | +0.1% | +14.59% | 加仓 |
| 20 | ADI | Analog Devices Inc | +0.1% | +6.94% | 减仓 |
| 21 | JNJ | Johnson & Johnson | +0.1% | +3.60% | 减仓 |
| 22 | HSY | Hershey Co/the | +0.1% | +12.15% | 加仓 |
| 23 | NVS | Novartis Ag-sponsored Adr | +0.1% | +11.16% | 加仓 |
| 24 | WFC | Wells Fargo & Co | +0.1% | -0.09% | 减仓 |
| 25 | ORLY | O'reilly Automotive Inc | 0% | -0.07% | 加仓 |
| 26 | EPD | Enterprise Products Partners | 0% | +0.95% | 加仓 |
| 27 | ✓ | 0% | +38.04% | 加仓 | |
| 28 | WEC | Wec Energy Group Inc | 0% | — | 不变 |
| 29 | MCO | Moody's CORP | — | — | 不变 |
| 30 | AMT | American Tower CORP | 0% | -1.82% | 减仓 |
| 31 | MDLZ | Mondelez International Inc-a | 0% | — | 减仓 |
| 32 | EXPD | Expeditors Intl Wash Inc | 0% | -0.15% | 减仓 |
| 33 | UPS | United Parcel Service-cl B | -0.1% | -0.34% | 减仓 |
| 34 | DEO | Diageo Plc-sponsored Adr | -0.1% | — | 减仓 |
| 35 | UNP | Union Pacific CORP | -0.1% | +3.16% | 减仓 |
| 36 | MCD | Mcdonald's CORP | -0.1% | +0.86% | 加仓 |
| 37 | QSR | Restaurant Brands Intern | -0.2% | -1.05% | 减仓 |
| 38 | PM | Philip Morris International | -0.2% | +0.61% | 减仓 |
| 39 | KO | Coca-cola Co/the | -0.3% | +1.43% | 加仓 |
| 40 | OKE | Oneok Inc | -0.4% | -19.70% | 减仓 |
| 41 | PG | Procter & Gamble Co/the | -0.4% | +1.34% | 加仓 |
| 42 | VRSK | Verisk Analytics Inc | -0.5% | — | 减仓 |
| 43 | COST | Costco Wholesale CORP | -0.7% | -0.25% | 减仓 |
| 44 | BRK-A | Berkshire Hathaway Inc-cl A | -4.3% | -2.38% | 减仓 |
| 45 | KHC | Kraft Heinz Co/the | — | EXIT | 清仓 |
| 46 | CVX | Chevron CORP | — | EXIT | 清仓 |
| 47 | VZ | Verizon Communications Inc | — | EXIT | 清仓 |
| 48 | UNH | Unitedhealth Group Inc | — | EXIT | 清仓 |
根据 SEC 官方 Form 13F 申报备案，Hutner Capital Management Inc 在 Q3 2025 季度的美股持仓总市值约为 US$2.5亿，共申报了 44 个公开持股仓位。
在 Q3 2025 季度，Hutner Capital Management Inc 按市值排列的前三大核心持股分别为：BRK-A (13.1%)、BRK-B (9.0%)、COST (5.6%)。其中最大持股仓位 BRK-A 占据整体投资组合约 13.1% 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。
本季最大获利了结 / 清仓标的
KHC
前期市值: US$42.1万
在 Q3 2025 季度中，Hutner Capital Management Inc 共进行了 46 项持仓异动，包含新建仓 0 个仓位、加仓 21 个仓位、减仓 21 个仓位以及清仓 4 个仓位。 本季清仓仓位包含 KHC。
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。
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