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: 0001845998
申报总市值
US$5.3亿
US$5.3亿
424 檔
21.2%
根据最新整理的 13F 季度数据集，Interchange Capital Partners, LLC 于 Q4 2025 结束时的管理资产规模为 US$5.3亿。该机构在本季度申报了 424 档美股持仓，呈现出该时期的主要投资地图。
在 Q4 2025，Interchange Capital Partners, LLC 操作展现出积极扩展与加仓意向。本季共新建仓 11 个新仓位，并对 29 个既有持股进行加仓（合计增持 40 档），相较减仓与清仓仓位显著占优。
在资产配置集中度方面，Interchange Capital Partners, LLC 的前 5 大核心持股（包含 JMST, AAPL, JAAA 等）合计占整体申报市值的 21.2%，反映机构在主要关键仓位上的权重分布。
仅显示前 200 大持股（共 424 只）
| # | 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 | JMST | JPM Ultra-short Muni Income | ETF-其他 | 7.12% | -0.07% | +0.22% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 4.27% | -1.20% | +2.39% | |
| 3 | JAAA | Janus Henderson Aaa Clo ETF | ETF-其他 | 3.35% | +1.87% | -6.42% | |
| 4 | SMLR | Semler Scientific Inc | 股票-其他 | 3.12% | — | -13.25% | |
| 5 | MSFT | Microsoft CORP | 股票-科技 | 2.99% | -0.65% | +2.84% | |
| 6 | IQLT | Ishares Msci International Q | ETF-其他 | 2.77% | -0.98% | +5.05% | |
| 7 | NVDA | Nvidia CORP | 股票-科技 | 2.18% | +1.12% | +11.76% | |
| 8 | VTV | Vanguard Value ETF | ETF-其他 | 1.68% | -0.82% | +0.17% | |
| 9 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 1.59% | +0.86% | +4.90% | |
| 10 | IEFA | Ishares Core Msci Eafe ETF | ETF-其他 | 1.55% | -0.81% | -3.84% | |
| 11 | JPST | Jpmorgan Ultra-short Income | ETF-其他 | 1.54% | -0.06% | +6.65% | |
| 12 | IVV | Ishares Core S&p 500 ETF | ETF-大型股与成长 | 1.47% | -0.38% | +0.77% | |
| 13 | AMZN | Amazon.com Inc | 股票-周期性消费 | 1.44% | +0.01% | +6.44% | |
| 14 | IEMG | Ishares Core Msci Emerging | ETF-新兴市场 | 1.43% | +0.01% | +2.98% | |
| 15 | VEA | Vanguard Ftse Developed ETF | ETF-其他 | 1.30% | -0.09% | +0.95% | |
| 16 | TSLA | Tesla Inc | 股票-周期性消费 | 1.19% | +0.08% | +3.04% | |
| 17 | GOOG | Alphabet Inc-cl C | 股票-通信服务 | 1.17% | +0.54% | +6.15% | |
| 18 | META | Meta Platforms Inc-class A | 股票-通信服务 | 1.12% | -0.31% | +6.98% | |
| 19 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.01% | -0.14% | +2.63% | |
| 20 | VLUE | Ishares Msci USA Value Facto | ETF-其他 | 0.99% | +0.19% | +0.60% | |
| 21 | IAU | Ishares Gold Trust | ETF-避险与商品 | 0.94% | -0.32% | -2.31% | |
| 22 | LLY | Eli Lilly & Co | 股票-医疗保健 | 0.86% | +0.18% | +116.63% | |
| 23 | AVGO | Broadcom Inc | 股票-科技 | 0.82% | +0.61% | +5.82% | |
| 24 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股与成长 | 0.80% | -0.32% | +77.85% | |
| 25 | IVE | Ishares S&p 500 Value ETF | ETF-大型股与成长 | 0.71% | -0.10% | +18.60% | |
| 26 | ABBV | Abbvie Inc | 股票-医疗保健 | 0.69% | -0.23% | +1.41% | |
| 27 | JEPI | Jpmorgan Equity Premium Inco | ETF-其他 | 0.65% | -0.32% | -2.94% | |
| 28 | IVW | Ishares S&p 500 Growth ETF | ETF-大型股与成长 | 0.62% | -0.29% | -0.65% | |
| 29 | QUAL | Ishares Msci USA Quality Fac | ETF-其他 | 0.62% | -0.74% | -25.10% | |
| 30 | DYNF | Ishrs US E F R A Etf-usd Inc | ETF-其他 | 0.61% | -0.17% | -1.85% | |
| 31 | VYMI | Vanguard Int High Dvd Yld In | ETF-其他 | 0.51% | -0.20% | -2.29% | |
| 32 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.51% | -0.26% | +1.35% | |
| 33 | DFIV | Dimensional International Va | ETF-其他 | 0.50% | -0.11% | — | |
| 34 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 0.49% | +0.41% | +17.21% | |
| 35 | V | Visa Inc-class A Shares | 股票-金融 | 0.49% | -0.19% | +3.61% | |
| 36 | MS | Morgan Stanley | 股票-金融 | 0.48% | +0.10% | -0.20% | |
| 37 | EFV | Ishares Msci Eafe Value ETF | ETF-其他 | 0.47% | -0.24% | -9.22% | |
| 38 | MDCX | Medicus Pharma LTD | 股票-其他 | 0.45% | -1.81% | — | |
| 39 | RTX | Rtx CORP | 股票-工业 | 0.45% | -0.06% | +2.10% | |
| 40 | EQT | Eqt CORP | 股票-能源 | 0.45% | -0.18% | +94.28% | |
| 41 | JHMM | John Hancock Multi Fact Mid | ETF-其他 | 0.44% | +0.05% | +3.90% | |
| 42 | CVX | Chevron CORP | 股票-能源 | 0.43% | -0.12% | +105.00% | |
| 43 | PULS | Pgim Ultra Short Bond ETF | ETF-其他 | 0.43% | -0.34% | +67.81% | |
| 44 | VTI | Vanguard Total Stock Mkt ETF | ETF-其他 | 0.42% | -0.14% | -0.07% | |
| 45 | UNH | Unitedhealth Group Inc | 股票-医疗保健 | 0.42% | -0.08% | -13.14% | |
| 46 | GBTC | Grayscale Bitcoin Trust ETF | ETF-加密货币 | 0.42% | -0.56% | -5.77% | |
| 47 | ABT | Abbott Laboratories | 股票-医疗保健 | 0.42% | -0.41% | +4.61% | |
| 48 | HCA | Hca Healthcare Inc | 股票-医疗保健 | 0.41% | -0.13% | +8.06% | |
| 49 | BBJP | Jpmorgan Betabuilders Japan | ETF-其他 | 0.41% | -0.15% | -1.09% | |
| 50 | CSCO | Cisco Systems Inc | 股票-科技 | 0.41% | +0.07% | +138.62% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | LLY | Eli Lilly & Co | +0.6% | +116.63% | 加仓 |
| 2 | GOOGL | Alphabet Inc-cl A | +0.4% | +4.90% | 加仓 |
| 3 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.3% | +77.85% | 加仓 |
| 4 | GOOG | Alphabet Inc-cl C | +0.3% | +6.15% | 加仓 |
| 5 | CSCO | Cisco Systems Inc | +0.3% | +138.62% | 加仓 |
| 6 | XOM | Exxon Mobil CORP | +0.2% | +122.66% | 加仓 |
| 7 | CVX | Chevron CORP | +0.2% | +105.00% | 加仓 |
| 8 | EQT | Eqt CORP | +0.2% | +94.28% | 加仓 |
| 9 | PULS | Pgim Ultra Short Bond ETF | +0.2% | +67.81% | 加仓 |
| 10 | KO | Coca-cola Co/the | +0.2% | +113.47% | 加仓 |
| 11 | AAPL | Apple Inc | +0.1% | +2.39% | 加仓 |
| 12 | EXPE | Expedia Group Inc | +0.1% | +139.31% | 加仓 |
| 13 | C | Citigroup Inc | +0.1% | +138.37% | 加仓 |
| 14 | NVDA | Nvidia CORP | +0.1% | +11.76% | 加仓 |
| 15 | IVE | Ishares S&p 500 Value ETF | +0.1% | +18.60% | 加仓 |
| 16 | CAT | Caterpillar Inc | +0.1% | +47.39% | 加仓 |
| 17 | AMZN | Amazon.com Inc | +0.1% | +6.44% | 加仓 |
| 18 | TSM | Taiwan Semiconductor-sp Adr | +0.1% | +17.21% | 加仓 |
| 19 | MRK | Merck & Co. Inc. | +0.1% | +21.69% | 加仓 |
| 20 | CRUS | Cirrus Logic Inc | +0.1% | +173.05% | 加仓 |
| 21 | EMR | Emerson Electric Co | +0.1% | +187.42% | 加仓 |
| 22 | CB | Chubb Limited | +0.1% | +69.59% | 加仓 |
| 23 | IQLT | Ishares Msci International Q | +0.1% | +5.05% | 加仓 |
| 24 | VLUE | Ishares Msci USA Value Facto | 0% | +0.60% | 加仓 |
| 25 | AVGO | Broadcom Inc | 0% | +5.82% | 加仓 |
| 26 | JPST | Jpmorgan Ultra-short Income | 0% | +6.65% | 加仓 |
| 27 | XLF | Ss Financial Select Sector | -0.1% | -69.02% | 减仓 |
| 28 | HOOD | Robinhood Markets Inc - A | -0.1% | -15.32% | 减仓 |
| 29 | NFLX | Netflix Inc | -0.1% | +838.73% | 加仓 |
| 30 | HD | Home Depot Inc | -0.1% | -4.08% | 减仓 |
| 31 | UNH | Unitedhealth Group Inc | -0.1% | -13.14% | 减仓 |
| 32 | ORCL | Oracle CORP | -0.2% | +0.80% | 加仓 |
| 33 | ETHE | Grayscale Ethereum Staking E | -0.2% | -12.64% | 减仓 |
| 34 | GBTC | Grayscale Bitcoin Trust ETF | -0.2% | -5.77% | 减仓 |
| 35 | QUAL | Ishares Msci USA Quality Fac | -0.2% | -25.10% | 减仓 |
| 36 | MDCX | Medicus Pharma LTD | -0.3% | — | 不变 |
| 37 | MSFT | Microsoft CORP | -0.3% | +2.84% | 加仓 |
| 38 | JAAA | Janus Henderson Aaa Clo ETF | -0.5% | -6.42% | 减仓 |
| 39 | SMLR | Semler Scientific Inc | -4.3% | -13.25% | 减仓 |
| 40 | CGMU | Cap Group Municipal Income | — | NEW | 新建仓 |
| 41 | EVIM | Eaton Vance Int Muni Income | — | NEW | 新建仓 |
| 42 | EPAM | Epam Systems Inc | — | NEW | 新建仓 |
| 43 | VXUS | Vanguard Total Intl Stock | — | NEW | 新建仓 |
| 44 | EPR | Epr Properties | — | NEW | 新建仓 |
| 45 | CLH | Clean Harbors Inc | — | NEW | 新建仓 |
| 46 | ESS | Essex Property Trust Inc | — | NEW | 新建仓 |
| 47 | CMG | Chipotle Mexican Grill Inc | — | NEW | 新建仓 |
| 48 | CTSH | Cognizant Tech Solutions-a | — | NEW | 新建仓 |
| 49 | CLS | Celestica Inc | — | NEW | 新建仓 |
| 50 | ES | Eversource Energy | — | NEW | 新建仓 |
根据 SEC 官方 Form 13F 申报备案，Interchange Capital Partners, LLC 在 Q4 2025 季度的美股持仓总市值约为 US$5.3亿，共申报了 424 个公开持股仓位。
在 Q4 2025 季度，Interchange Capital Partners, LLC 按市值排列的前三大核心持股分别为：JMST (7.1%)、AAPL (4.3%)、JAAA (3.4%)。其中最大持股仓位 JMST 占据整体投资组合约 7.1% 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。
本季最大新建仓标的
CGMU
市值: US$209.6万
本季最大获利了结 / 清仓标的
SMLR
前期市值: US$3803.8万
在 Q4 2025 季度中，Interchange Capital Partners, LLC 共进行了 49 项持仓异动，包含新建仓 11 个仓位、加仓 29 个仓位、减仓 9 个仓位以及清仓 0 个仓位。 其中最大新建仓标的为 CGMU。
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。