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: 0000053417
申报总市值
US$1667.2亿
US$1667.2亿
574 檔
31.3%
在 Q2 2025 的 13F 官方备案中，Jennison Associates LLC 管理的美股投资组合规模来到 US$1667.2亿，整体持股档数为 574 档。
在 Q2 2025，Jennison Associates LLC 操作展现出积极扩展与加仓意向。本季共新建仓 0 个新仓位，并对 30 个既有持股进行加仓（合计增持 30 档），相较减仓与清仓仓位显著占优。
在资产配置集中度方面，Jennison Associates LLC 的前 5 大核心持股（包含 NVDA, MSFT, AMZN 等）合计占整体申报市值的 31.3%，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 574 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 | NVDA | Nvidia CORP | 股票-科技 | 8.52% | -1.15% | +1.78% | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 6.54% | -0.90% | +9.87% | |
| 3 | AMZN | Amazon.com Inc | 股票-周期性消费 | 5.95% | -0.72% | -5.53% | |
| 4 | META | Meta Platforms Inc-class A | 股票-通信服务 | 5.45% | -0.60% | -5.48% | |
| 5 | NFLX | Netflix Inc | 股票-通信服务 | 4.46% | -0.69% | -13.98% | |
| 6 | AAPL | Apple Inc | 股票-科技 | 3.94% | -0.17% | -11.41% | |
| 7 | AVGO | Broadcom Inc | 股票-科技 | 3.80% | — | -13.15% | |
| 8 | LLY | Eli Lilly & Co | 股票-医疗保健 | 2.52% | +0.73% | +4.34% | |
| 9 | MA | Mastercard Inc - A | 股票-金融 | 2.02% | -0.22% | -0.29% | |
| 10 | MELI | Mercadolibre Inc | 股票-周期性消费 | 1.91% | -0.18% | +7.03% | |
| 11 | COST | Costco Wholesale CORP | 股票-非周期性消费 | 1.86% | -0.36% | -5.61% | |
| 12 | CRWD | Crowdstrike Holdings Inc - A | 股票-科技 | 1.85% | +0.69% | -6.89% | |
| 13 | SPOT | Spotify Technology S.A. | 股票-通信服务 | 1.78% | -0.16% | -7.94% | |
| 14 | CDNS | Cadence Design Sys Inc | 股票-科技 | 1.71% | -0.09% | +3.01% | |
| 15 | VRTX | Vertex Pharmaceuticals Inc | 股票-医疗保健 | 1.62% | +0.05% | +21.51% | |
| 16 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 1.62% | +0.27% | +26.69% | |
| 17 | BA | Boeing Co/the | 股票-工业 | 1.57% | -0.16% | +21.47% | |
| 18 | V | Visa Inc-class A Shares | 股票-金融 | 1.55% | -0.01% | -0.20% | |
| 19 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 1.55% | +0.10% | -10.03% | |
| 20 | DIS | Walt Disney Co/the | 股票-通信服务 | 1.52% | -0.24% | +9.39% | |
| 21 | TSLA | Tesla Inc | 股票-周期性消费 | 1.49% | -0.39% | -9.52% | |
| 22 | NOW | Servicenow Inc | 股票-科技 | 1.45% | — | +18.07% | |
| 23 | WMT | Walmart Inc | 股票-非周期性消费 | 1.42% | -0.45% | -1.72% | |
| 24 | GOOG | Alphabet Inc-cl C | 股票-通信服务 | 1.30% | +0.15% | -13.44% | |
| 25 | CEG | Constellation Energy | 股票-公用事业 | 1.14% | -0.44% | +40.04% | |
| 26 | SNOW | Snowflake Inc | 股票-科技 | 1.06% | +0.23% | +20.54% | |
| 27 | GE | General Electric | 股票-工业 | 1.06% | +0.29% | +1.95% | |
| 28 | ISRG | Intuitive Surgical Inc | 股票-医疗保健 | 1.01% | -0.08% | +20.37% | |
| 29 | UBER | Uber Technologies Inc | 股票-工业 | 0.98% | -0.04% | -26.26% | |
| 30 | SHOP | Shopify Inc - Class A | 股票-科技 | 0.79% | -0.86% | +118.14% | |
| 31 | NVO | Novo-nordisk A/s-spons Adr | 股票-医疗保健 | 0.77% | — | +0.34% | |
| 32 | ORLY | O'reilly Automotive Inc | 股票-周期性消费 | 0.75% | -0.09% | +1820.93% | |
| 33 | HLT | Hilton Worldwide Holdings In | 股票-周期性消费 | 0.73% | -0.04% | +22.39% | |
| 34 | TTD | Trade Desk Inc/the -class A | 股票-通信服务 | 0.61% | — | +17.93% | |
| 35 | DXCM | Dexcom Inc | 股票-医疗保健 | 0.60% | -0.05% | EXIT | |
| 36 | EW | Edwards Lifesciences CORP | 股票-医疗保健 | 0.54% | -0.71% | +15.71% | |
| 37 | RACE | Ferrari N.V. | 股票-周期性消费 | 0.54% | -0.02% | +9.08% | |
| 38 | APP | Applovin Corp-class A | 股票-科技 | 0.52% | -0.07% | +4.91% | |
| 39 | PGR | Progressive CORP | 股票-金融 | 0.51% | — | -0.39% | |
| 40 | AZNN | Astrazeneca Plc-spons Adr | 股票-其他 | 0.50% | — | +15.20% | |
| 41 | DDOG | Datadog Inc - Class A | 股票-科技 | 0.44% | +0.59% | -13.22% | |
| 42 | SE | Sea Ltd-adr | 股票-通信服务 | 0.40% | — | +65.44% | |
| 43 | MCO | Moody's CORP | 股票-金融 | 0.40% | — | -14.26% | |
| 44 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.40% | -0.03% | -9.84% | |
| 45 | TJX | Tjx Companies Inc | 股票-周期性消费 | 0.38% | — | +2.77% | |
| 46 | TXN | Texas Instruments Inc | 股票-科技 | 0.37% | +0.25% | +35.12% | |
| 47 | ABNB | Airbnb Inc-class A | 股票-周期性消费 | 0.35% | +0.02% | -33.87% | |
| 48 | NKE | Nike Inc -cl B | 股票-周期性消费 | 0.35% | — | +3.75% | |
| 49 | NU | Nu Holdings Ltd. | 股票-金融 | 0.34% | -0.35% | +38.06% | |
| 50 | CRM | Salesforce Inc | 股票-科技 | 0.32% | -0.01% | -44.00% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +1.7% | +1.78% | 加仓 |
| 2 | MSFT | Microsoft CORP | +1.2% | +9.87% | 加仓 |
| 3 | AVGO | Broadcom Inc | +0.7% | -13.15% | 减仓 |
| 4 | CEG | Constellation Energy | +0.5% | +40.04% | 加仓 |
| 5 | TSM | Taiwan Semiconductor-sp Adr | +0.5% | +26.69% | 加仓 |
| 6 | SHOP | Shopify Inc - Class A | +0.4% | +118.14% | 加仓 |
| 7 | SNOW | Snowflake Inc | +0.4% | +20.54% | 加仓 |
| 8 | MELI | Mercadolibre Inc | +0.3% | +7.03% | 加仓 |
| 9 | BA | Boeing Co/the | +0.3% | +21.47% | 加仓 |
| 10 | NOW | Servicenow Inc | +0.3% | +18.07% | 加仓 |
| 11 | CRWD | Crowdstrike Holdings Inc - A | +0.2% | -6.89% | 减仓 |
| 12 | DIS | Walt Disney Co/the | +0.2% | +9.39% | 加仓 |
| 13 | HUBS | Hubspot Inc | +0.2% | +548.62% | 加仓 |
| 14 | NFLX | Netflix Inc | +0.2% | -13.98% | 减仓 |
| 15 | TOST | Toast Inc-class A | +0.2% | +331.03% | 加仓 |
| 16 | SE | Sea Ltd-adr | +0.2% | +65.44% | 加仓 |
| 17 | TTD | Trade Desk Inc/the -class A | +0.2% | +17.93% | 加仓 |
| 18 | SPOT | Spotify Technology S.A. | +0.1% | -7.94% | 减仓 |
| 19 | META | Meta Platforms Inc-class A | +0.1% | -5.48% | 减仓 |
| 20 | HLT | Hilton Worldwide Holdings In | +0.1% | +22.39% | 加仓 |
| 21 | NU | Nu Holdings Ltd. | +0.1% | +38.06% | 加仓 |
| 22 | ISRG | Intuitive Surgical Inc | +0.1% | +20.37% | 加仓 |
| 23 | GE | General Electric | +0.1% | +1.95% | 加仓 |
| 24 | DXCM | Dexcom Inc | +0.1% | +9.45% | 加仓 |
| 25 | CDNS | Cadence Design Sys Inc | +0.1% | +3.01% | 加仓 |
| 26 | TXN | Texas Instruments Inc | +0.1% | +35.12% | 加仓 |
| 27 | LPLA | Lpl Financial Holdings Inc | +0.1% | +46.22% | 加仓 |
| 28 | JNJ | Johnson & Johnson | +0.1% | +232.35% | 加仓 |
| 29 | VST | Vistra CORP | +0.1% | +23.80% | 加仓 |
| 30 | APP | Applovin Corp-class A | +0.1% | +4.91% | 加仓 |
| 31 | MRSH | Marsh & Mclennan Cos | +0.1% | +225.06% | 加仓 |
| 32 | AXON | Axon Enterprise Inc | +0.1% | -0.05% | 减仓 |
| 33 | RACE | Ferrari N.V. | 0% | +9.08% | 加仓 |
| 34 | EW | Edwards Lifesciences CORP | 0% | +15.71% | 加仓 |
| 35 | ORLY | O'reilly Automotive Inc | 0% | +1820.93% | 加仓 |
| 36 | TSLA | Tesla Inc | -0.1% | -9.52% | 减仓 |
| 37 | VRTX | Vertex Pharmaceuticals Inc | -0.1% | +21.51% | 加仓 |
| 38 | WMT | Walmart Inc | -0.1% | -1.72% | 减仓 |
| 39 | RDDT | Reddit Inc-cl A | -0.1% | -99.59% | 减仓 |
| 40 | KKR | Kkr & Co Inc | -0.2% | -41.42% | 减仓 |
| 41 | IOT | Samsara Inc-cl A | -0.2% | -48.53% | 减仓 |
| 42 | ADBE | Adobe Inc | -0.2% | -65.81% | 减仓 |
| 43 | CAVA | Cava Group Inc | -0.2% | -24.92% | 减仓 |
| 44 | BMY | Bristol-myers Squibb Co | -0.2% | -99.46% | 减仓 |
| 45 | VRT | Vertiv Holdings Co-a | -0.2% | EXIT | 清仓 |
| 46 | ABNB | Airbnb Inc-class A | -0.2% | -33.87% | 减仓 |
| 47 | SBUX | Starbucks CORP | -0.3% | -33.87% | 减仓 |
| 48 | CRM | Salesforce Inc | -0.4% | -44.00% | 减仓 |
| 49 | AMZN | Amazon.com Inc | -0.5% | -5.53% | 减仓 |
| 50 | AAPL | Apple Inc | -1.8% | -11.41% | 减仓 |
根据 SEC 官方 Form 13F 申报备案，Jennison Associates LLC 在 Q2 2025 季度的美股持仓总市值约为 US$1667.2亿，共申报了 574 个公开持股仓位。
在 Q2 2025 季度，Jennison Associates LLC 按市值排列的前三大核心持股分别为：NVDA (8.5%)、MSFT (6.5%)、AMZN (6.0%)。其中最大持股仓位 NVDA 占据整体投资组合约 8.5% 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
VRT
前期市值: US$3.1亿
在 Q2 2025 季度中，Jennison Associates LLC 共进行了 50 项持仓异动，包含新建仓 0 个仓位、加仓 30 个仓位、减仓 19 个仓位以及清仓 1 个仓位。 本季清仓仓位包含 VRT。
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。