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: 0001307878
申报总市值
US$7.7亿
US$7.7亿
181 檔
16.0%
在 Q4 2025 的 13F 官方备案中，Laffer Tengler Investments, Inc. 管理的美股投资组合规模来到 US$7.7亿，整体持股档数为 181 档。
在 Q4 2025，Laffer Tengler Investments, Inc. 操作展现出积极扩展与加仓意向。本季共新建仓 5 个新仓位，并对 25 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，Laffer Tengler Investments, Inc. 的前 5 大核心持股（包含 AVGO, GS, MSFT 等）合计占整体申报市值的 16.0%，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 | AVGO | Broadcom Inc | 股票-科技 | 4.60% | +0.22% | -2.10% | |
| 2 | GS | Goldman Sachs Group Inc | 股票-金融 | 4.41% | +0.22% | +3.81% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 4.18% | -0.34% | +1.78% | |
| 4 | AXP | American Express Co | 股票-金融 | 3.77% | +0.34% | +7.63% | |
| 5 | LRCX | Lam Research CORP | 股票-科技 | 3.38% | +1.26% | +3.38% | |
| 6 | JPM | Jpmorgan Chase & Co | 股票-金融 | 3.29% | -0.02% | +3.51% | |
| 7 | WMT | Walmart Inc | 股票-非周期性消费 | 3.19% | -0.55% | +3.79% | |
| 8 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 3.18% | +0.12% | +0.80% | |
| 9 | AAPL | Apple Inc | 股票-科技 | 3.07% | — | -1.33% | |
| 10 | ABBV | Abbvie Inc | 股票-医疗保健 | 2.58% | +0.06% | +5.42% | |
| 11 | RTX | Rtx CORP | 股票-工业 | 2.18% | -0.26% | +6.80% | |
| 12 | HD | Home Depot Inc | 股票-周期性消费 | 2.08% | +0.23% | +3.87% | |
| 13 | ORCL | Oracle CORP | 股票-科技 | 2.05% | -0.15% | +29.69% | |
| 14 | AMZN | Amazon.com Inc | 股票-周期性消费 | 2.02% | -0.01% | -1.76% | |
| 15 | CVX | Chevron CORP | 股票-能源 | 1.74% | -0.46% | +3.59% | |
| 16 | PWR | Quanta Services Inc | 股票-工业 | 1.64% | +0.11% | -1.79% | |
| 17 | JNJ | Johnson & Johnson | 股票-医疗保健 | 1.57% | -0.13% | +6.62% | |
| 18 | NVDA | Nvidia CORP | 股票-科技 | 1.57% | +0.71% | +9.55% | |
| 19 | LHX | L3harris Technologies Inc | 股票-工业 | 1.56% | -0.44% | +8.92% | |
| 20 | PANW | Palo Alto Networks Inc | 股票-科技 | 1.55% | +1.02% | -4.18% | |
| 21 | TJX | Tjx Companies Inc | 股票-周期性消费 | 1.51% | +0.07% | +14.68% | |
| 22 | CSCO | Cisco Systems Inc | 股票-科技 | 1.50% | +0.52% | +17.50% | |
| 23 | STLD | Steel Dynamics Inc | 股票-原材料 | 1.42% | -0.11% | +5.96% | |
| 24 | SPOT | Spotify Technology S.A. | 股票-通信服务 | 1.42% | -0.20% | +1.74% | |
| 25 | EMR | Emerson Electric Co | 股票-工业 | 1.41% | -0.03% | +4.55% | |
| 26 | BAM | Brookfield Asset Mgmt-a | 股票-金融 | 1.37% | -0.08% | +5.87% | |
| 27 | NOW | Servicenow Inc | 股票-科技 | 1.36% | -0.16% | +405.46% | |
| 28 | UBER | Uber Technologies Inc | 股票-工业 | 1.31% | -0.12% | +0.16% | |
| 29 | SBUX | Starbucks CORP | 股票-周期性消费 | 1.25% | +0.18% | +7.95% | |
| 30 | MCD | Mcdonald's CORP | 股票-周期性消费 | 1.25% | -0.11% | +7.06% | |
| 31 | CARR | Carrier Global CORP | 股票-工业 | 1.23% | +0.21% | +6.32% | |
| 32 | TSLA | Tesla Inc | 股票-周期性消费 | 1.17% | +0.01% | +5.30% | |
| 33 | IBM | Intl Business Machines CORP | 股票-科技 | 1.09% | +0.28% | +1410.14% | |
| 34 | EOG | Eog Resources Inc | 股票-能源 | 1.05% | -0.85% | EXIT | |
| 35 | PLD | Prologis Inc | 股票-房地产 | 1.00% | -0.07% | +6.52% | |
| 36 | NEE | Nextera Energy Inc | 股票-公用事业 | 0.94% | -0.15% | +5.68% | |
| 37 | MDT | Medtronic plc | 股票-医疗保健 | 0.93% | -0.81% | EXIT | |
| 38 | CRWD | Crowdstrike Holdings Inc - A | 股票-科技 | 0.87% | +0.46% | +2.71% | |
| 39 | WMB | Williams Cos Inc | 股票-能源 | 0.83% | -0.09% | +11.09% | |
| 40 | DHI | Dr Horton Inc | 股票-周期性消费 | 0.83% | +0.07% | +8.26% | |
| 41 | DE | Deere & Co | 股票-工业 | 0.72% | +0.02% | +6.69% | |
| 42 | COST | Costco Wholesale CORP | 股票-非周期性消费 | 0.70% | -0.21% | -9.26% | |
| 43 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.69% | -0.17% | +23.99% | |
| 44 | BAC 7.25 PERP L债券 | Bank Of America CORP | 债券 | 0.67% | -0.06% | -0.30% | |
| 45 | HPE 7.625 09-01-27债券 | Hp Enterprise Co | 债券 | 0.67% | +0.33% | -0.44% | |
| 46 | WFC 7.5 PERP L债券 | Wells Fargo & Company | 债券 | 0.66% | -0.08% | -0.30% | |
| 47 | APO 6.75 07-31-26债券 | Apollo Global Management | 债券 | 0.64% | -0.05% | -0.33% | |
| 48 | V | Visa Inc-class A Shares | 股票-金融 | 0.62% | -0.02% | +2.07% | |
| 49 | BA 6 10-15-27债券 | Boeing Co/the | 债券 | 0.59% | -0.05% | -0.34% | |
| 50 | SYK | Stryker CORP | 股票-医疗保健 | 0.58% | -0.08% | +56.67% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | IBM | Intl Business Machines CORP | +0.9% | +1410.14% | 加仓 |
| 2 | LRCX | Lam Research CORP | +0.7% | +3.38% | 加仓 |
| 3 | GOOGL | Alphabet Inc-cl A | +0.6% | +0.80% | 加仓 |
| 4 | AXP | American Express Co | +0.5% | +7.63% | 加仓 |
| 5 | GS | Goldman Sachs Group Inc | +0.4% | +3.81% | 加仓 |
| 6 | CSCO | Cisco Systems Inc | +0.3% | +17.50% | 加仓 |
| 7 | STLD | Steel Dynamics Inc | +0.3% | +5.96% | 加仓 |
| 8 | RTX | Rtx CORP | +0.2% | +6.80% | 加仓 |
| 9 | WMT | Walmart Inc | +0.2% | +3.79% | 加仓 |
| 10 | TJX | Tjx Companies Inc | +0.2% | +14.68% | 加仓 |
| 11 | JNJ | Johnson & Johnson | +0.2% | +6.62% | 加仓 |
| 12 | SYK | Stryker CORP | +0.2% | +56.67% | 加仓 |
| 13 | GPN 1.5 03-01-31债券 | Global Payments Inc | +0.2% | -82.15% | 减仓 |
| 14 | PLD | Prologis Inc | +0.1% | +6.52% | 加仓 |
| 15 | ALB 7.25 03-01-27债券 | Albemarle CORP | +0.1% | -0.52% | 减仓 |
| 16 | PLTR | Palantir Technologies Inc-a | +0.1% | +23.99% | 加仓 |
| 17 | LITE 0.5 12-15-26债券 | Lumentum Holdings Inc | +0.1% | -94.64% | 减仓 |
| 18 | NVDA | Nvidia CORP | +0.1% | +9.55% | 加仓 |
| 19 | NEE | Nextera Energy Inc | +0.1% | +5.68% | 加仓 |
| 20 | VTR 3.75 06-01-26债券 | Ventas Realty LP | +0.1% | -88.90% | 减仓 |
| 21 | JPM | Jpmorgan Chase & Co | 0% | +3.51% | 加仓 |
| 22 | AAPL | Apple Inc | 0% | -1.33% | 减仓 |
| 23 | ABBV | Abbvie Inc | 0% | +5.42% | 加仓 |
| 24 | AVGO | Broadcom Inc | -0.1% | -2.10% | 减仓 |
| 25 | DIS | Walt Disney Co/the | -0.1% | -74.75% | 减仓 |
| 26 | NFLX | Netflix Inc | -0.1% | +935.36% | 加仓 |
| 27 | COST | Costco Wholesale CORP | -0.2% | -9.26% | 减仓 |
| 28 | FANG | Diamondback Energy Inc | -0.2% | -73.63% | 减仓 |
| 29 | VRIG | Invesco Variable Rate Invest | -0.3% | -30.64% | 减仓 |
| 30 | PANW | Palo Alto Networks Inc | -0.3% | -4.18% | 减仓 |
| 31 | UBER | Uber Technologies Inc | -0.3% | +0.16% | 加仓 |
| 32 | NOW | Servicenow Inc | -0.3% | +405.46% | 加仓 |
| 33 | SPOT | Spotify Technology S.A. | -0.3% | +1.74% | 加仓 |
| 34 | ORCL | Oracle CORP | -0.3% | +29.69% | 加仓 |
| 35 | HD | Home Depot Inc | -0.4% | +3.87% | 加仓 |
| 36 | MSFT | Microsoft CORP | -0.4% | +1.78% | 加仓 |
| 37 | TXN | Texas Instruments Inc | -1% | -95.08% | 减仓 |
| 38 | CMG | Chipotle Mexican Grill Inc | — | EXIT | 清仓 |
| 39 | ULTA | Ulta Beauty Inc | — | NEW | 新建仓 |
| 40 | SO 4.5 06-15-27债券 | Southern Co | — | EXIT | 清仓 |
| 41 | PNW 4.75 06-15-27债券 | Pinnacle West Capital | — | EXIT | 清仓 |
| 42 | AKAM 0.375 09-01-27债券 | Akamai Technologies Inc | — | EXIT | 清仓 |
| 43 | NMFC 7.5 10-15-25债券 | New Mountain Finance Cor | — | EXIT | 清仓 |
| 44 | VEEV | Veeva Systems Inc-class A | — | NEW | 新建仓 |
| 45 | HAE 2.5 06-01-29债券 | Haemonetics CORP | — | EXIT | 清仓 |
| 46 | MKSI 1.25 06-01-30债券 | Mks Inc | — | EXIT | 清仓 |
| 47 | BXSL | Blackstone Secured Lending F | — | EXIT | 清仓 |
| 48 | BYLD | Ishares Yield Optimized Bond | — | NEW | 新建仓 |
| 49 | USHY | Ishares Broad Usd High Yield | — | NEW | 新建仓 |
| 50 | MELI | Mercadolibre Inc | — | NEW | 新建仓 |
根据 SEC 官方 Form 13F 申报备案，Laffer Tengler Investments, Inc. 在 Q4 2025 季度的美股持仓总市值约为 US$7.7亿，共申报了 181 个公开持股仓位。
在 Q4 2025 季度，Laffer Tengler Investments, Inc. 按市值排列的前三大核心持股分别为：AVGO (4.6%)、GS (4.4%)、MSFT (4.2%)。其中最大持股仓位 AVGO 占据整体投资组合约 4.6% 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
ULTA
市值: US$307.5万
本季最大获利了结 / 清仓标的
CMG
前期市值: US$327.0万
在 Q4 2025 季度中，Laffer Tengler Investments, Inc. 共进行了 50 项持仓异动，包含新建仓 5 个仓位、加仓 25 个仓位、减仓 12 个仓位以及清仓 8 个仓位。 其中最大新建仓标的为 ULTA。 本季清仓仓位包含 CMG。
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。