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: 0001089707
申报总市值
US$1.5亿
US$1.5亿
83 檔
28.0%
在 Q2 2025 的 13F 官方备案中，Lederer & Associates Investment Counsel/ca 管理的美股投资组合规模来到 US$1.5亿，整体持股档数为 83 档。
在 Q2 2025，Lederer & Associates Investment Counsel/ca 展现出较为审慎的避险与获利了结姿态。本季共减仓 25 个仓位并完全清仓 4 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，Lederer & Associates Investment Counsel/ca 的前 5 大核心持股（包含 MSFT, AAPL, NVDA 等）合计占整体申报市值的 28.0%，反映机构在主要关键仓位上的权重分布。
本季最大新建仓标的
LIN
市值: US$171.2万
本季最大获利了结 / 清仓标的
UNH
前期市值: US$97.3万
| # | 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 | MSFT | Microsoft CORP | 股票-科技 | 8.09% | -0.33% | -5.04% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 7.54% | +0.04% | -0.80% | |
| 3 | NVDA | Nvidia CORP | 股票-科技 | 5.70% | +0.37% | -0.41% | |
| 4 | AMZN | Amazon.com Inc | 股票-周期性消费 | 3.41% | +0.19% | +1.41% | |
| 5 | META | Meta Platforms Inc-class A | 股票-通信服务 | 3.37% | -0.10% | -0.26% | |
| 6 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 2.93% | +0.52% | -11.60% | |
| 7 | V | Visa Inc-class A Shares | 股票-金融 | 2.67% | +0.11% | -0.12% | |
| 8 | ADP | Automatic Data Processing | 股票-科技 | 2.33% | +0.18% | -1.49% | |
| 9 | AVGO | Broadcom Inc | 股票-科技 | 2.27% | +0.27% | -9.63% | |
| 10 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 2.22% | -0.05% | -1.26% | |
| 11 | BLK | Blackrock Inc | 股票-金融 | 1.88% | -0.16% | -2.27% | |
| 12 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.78% | +0.03% | -1.48% | |
| 13 | NFLX | Netflix Inc | 股票-通信服务 | 1.68% | -0.40% | -2.37% | |
| 14 | SYK | Stryker CORP | 股票-医疗保健 | 1.62% | -0.03% | -3.82% | |
| 15 | SPGI | S&p Global Inc | 股票-金融 | 1.49% | -0.14% | -1.11% | |
| 16 | CB | Chubb Limited | 股票-金融 | 1.45% | -0.08% | -0.33% | |
| 17 | LLY | Eli Lilly & Co | 股票-医疗保健 | 1.42% | +0.04% | +8.55% | |
| 18 | COST | Costco Wholesale CORP | 股票-非周期性消费 | 1.42% | -0.19% | +4.84% | |
| 19 | JNJ | Johnson & Johnson | 股票-医疗保健 | 1.38% | -0.10% | -4.06% | |
| 20 | GLD | Spdr Gold Shares | ETF-避险与商品 | 1.37% | -0.41% | — | |
| 21 | ABBV | Abbvie Inc | 股票-医疗保健 | 1.35% | +0.08% | +1.23% | |
| 22 | MLM | Martin Marietta Materials | 股票-原材料 | 1.28% | -0.11% | -1.01% | |
| 23 | AMGN | Amgen Inc | 股票-医疗保健 | 1.27% | -0.21% | -0.52% | |
| 24 | UNP | Union Pacific CORP | 股票-工业 | 1.22% | +0.03% | +2.00% | |
| 25 | WM | Waste Management Inc | 股票-工业 | 1.20% | -0.17% | -2.95% | |
| 26 | NEE | Nextera Energy Inc | 股票-公用事业 | 1.18% | -0.24% | -2.17% | |
| 27 | UBER | Uber Technologies Inc | 股票-工业 | 1.17% | +0.06% | — | |
| 28 | FLUT | Flutter Entertainment plc | 股票-周期性消费 | 1.16% | — | +5.46% | |
| 29 | SCHV | Schwab US Large-cap Value | ETF-其他 | 1.14% | -0.09% | -0.55% | |
| 30 | LIN | Linde plc | 股票-原材料 | 1.13% | -0.07% | — | |
| 31 | FISV | Fiserv Inc | 股票-其他 | 1.08% | — | +22.44% | |
| 32 | CSCO | Cisco Systems Inc | 股票-科技 | 1.08% | +0.56% | -1.08% | |
| 33 | SCHP | Schwab U.s. Tips ETF | ETF-其他 | 1.05% | -0.08% | -0.59% | |
| 34 | BA | Boeing Co/the | 股票-工业 | 1.01% | -0.02% | +84.17% | |
| 35 | BX | Blackstone Inc | 股票-金融 | 0.99% | -0.03% | +22.14% | |
| 36 | CRWD | Crowdstrike Holdings Inc - A | 股票-科技 | 0.99% | +0.33% | -1.25% | |
| 37 | AWK | American Water Works Co Inc | 股票-公用事业 | 0.95% | -0.11% | -10.72% | |
| 38 | DAL | Delta Air Lines Inc | 股票-工业 | 0.87% | -1.07% | EXIT | |
| 39 | GLW | Corning Inc | 股票-科技 | 0.85% | -0.13% | — | |
| 40 | MDT | Medtronic plc | 股票-医疗保健 | 0.85% | -0.16% | -0.77% | |
| 41 | SBUX | Starbucks CORP | 股票-周期性消费 | 0.79% | +0.02% | — | |
| 42 | CVX | Chevron CORP | 股票-能源 | 0.78% | -0.15% | +0.06% | |
| 43 | CME | Cme Group Inc | 股票-金融 | 0.77% | -0.21% | +2.66% | |
| 44 | WAT | Waters CORP | 股票-医疗保健 | 0.74% | +0.09% | +1.74% | |
| 45 | PYPL | Paypal Holdings Inc | 股票-金融 | 0.73% | — | -0.13% | |
| 46 | XOM | Exxon Mobil CORP | 股票-能源 | 0.73% | -1.82% | EXIT | |
| 47 | SYY | Sysco CORP | 股票-非周期性消费 | 0.73% | +0.04% | +2.84% | |
| 48 | SCHH | Schwab US Reit ETF | ETF-其他 | 0.72% | — | -0.69% | |
| 49 | ITW | Illinois Tool Works | 股票-工业 | 0.72% | -0.05% | — | |
| 50 | HD | Home Depot Inc | 股票-周期性消费 | 0.71% | +0.06% | -0.10% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +1.4% | -0.41% | 减仓 |
| 2 | LIN | Linde plc | +1.1% | NEW | 新建仓 |
| 3 | MSFT | Microsoft CORP | +1% | -5.04% | 减仓 |
| 4 | GLW | Corning Inc | +0.9% | NEW | 新建仓 |
| 5 | SBUX | Starbucks CORP | +0.8% | NEW | 新建仓 |
| 6 | ITW | Illinois Tool Works | +0.7% | NEW | 新建仓 |
| 7 | CRM | Salesforce Inc | +0.7% | NEW | 新建仓 |
| 8 | AVGO | Broadcom Inc | +0.6% | -9.63% | 减仓 |
| 9 | BA | Boeing Co/the | +0.5% | +84.17% | 加仓 |
| 10 | WELL | Welltower Inc | +0.5% | NEW | 新建仓 |
| 11 | META | Meta Platforms Inc-class A | +0.5% | -0.26% | 减仓 |
| 12 | NFLX | Netflix Inc | +0.4% | -2.37% | 减仓 |
| 13 | DAL | Delta Air Lines Inc | +0.3% | +52.46% | 加仓 |
| 14 | O | Realty Income CORP | +0.3% | NEW | 新建仓 |
| 15 | FLUT | Flutter Entertainment plc | +0.2% | +5.46% | 加仓 |
| 16 | CRWD | Crowdstrike Holdings Inc - A | +0.2% | -1.25% | 减仓 |
| 17 | AMZN | Amazon.com Inc | +0.2% | +1.41% | 加仓 |
| 18 | UBER | Uber Technologies Inc | +0.2% | — | 不变 |
| 19 | BX | Blackstone Inc | +0.2% | +22.14% | 加仓 |
| 20 | GS | Goldman Sachs Group Inc | +0.1% | -0.07% | 减仓 |
| 21 | JPM | Jpmorgan Chase & Co | +0.1% | -1.48% | 减仓 |
| 22 | SCHB | Schwab US Broad Market ETF | +0.1% | +20.66% | 加仓 |
| 23 | DLR | Digital Realty Trust Inc | +0.1% | +10.25% | 加仓 |
| 24 | MLM | Martin Marietta Materials | 0% | -1.01% | 减仓 |
| 25 | PYPL | Paypal Holdings Inc | 0% | -0.13% | 减仓 |
| 26 | BAC | Bank Of America CORP | 0% | — | 不变 |
| 27 | SCHG | Schwab US Large-cap Growth | 0% | -0.98% | 减仓 |
| 28 | CSCO | Cisco Systems Inc | 0% | -1.08% | 减仓 |
| 29 | COST | Costco Wholesale CORP | 0% | +4.84% | 加仓 |
| 30 | BLK | Blackrock Inc | 0% | -2.27% | 减仓 |
| 31 | GLD | Spdr Gold Shares | -0.1% | — | 不变 |
| 32 | SBAC | Sba Communications CORP | -0.2% | EXIT | 清仓 |
| 33 | PG | Procter & Gamble Co/the | -0.2% | -18.79% | 减仓 |
| 34 | XOM | Exxon Mobil CORP | -0.2% | -0.48% | 减仓 |
| 35 | EQIX | Equinix Inc | -0.2% | -28.48% | 减仓 |
| 36 | AVB | Avalonbay Communities Inc | -0.2% | EXIT | 清仓 |
| 37 | AWR | American States Water Co | -0.2% | EXIT | 清仓 |
| 38 | CB | Chubb Limited | -0.2% | -0.33% | 减仓 |
| 39 | CVX | Chevron CORP | -0.2% | +0.06% | 加仓 |
| 40 | PEP | Pepsico Inc | -0.3% | -14.16% | 减仓 |
| 41 | BMY | Bristol-myers Squibb Co | -0.3% | +2.25% | 加仓 |
| 42 | AWK | American Water Works Co Inc | -0.3% | -10.72% | 减仓 |
| 43 | AMGN | Amgen Inc | -0.3% | -0.52% | 减仓 |
| 44 | ABBV | Abbvie Inc | -0.3% | +1.23% | 加仓 |
| 45 | JNJ | Johnson & Johnson | -0.4% | -4.06% | 减仓 |
| 46 | GOOG | Alphabet Inc-cl C | -0.5% | -52.92% | 减仓 |
| 47 | BRK-B | Berkshire Hathaway Inc-cl B | -0.5% | -1.26% | 减仓 |
| 48 | KO | Coca-cola Co/the | -0.6% | -50.00% | 减仓 |
| 49 | UNH | Unitedhealth Group Inc | -0.7% | EXIT | 清仓 |
| 50 | AAPL | Apple Inc | -1.6% | -0.80% | 减仓 |
根据 SEC 官方 Form 13F 申报备案，Lederer & Associates Investment Counsel/ca 在 Q2 2025 季度的美股持仓总市值约为 US$1.5亿，共申报了 83 个公开持股仓位。
在 Q2 2025 季度，Lederer & Associates Investment Counsel/ca 按市值排列的前三大核心持股分别为：MSFT (8.1%)、AAPL (7.5%)、NVDA (5.7%)。其中最大持股仓位 MSFT 占据整体投资组合约 8.1% 的权重。
在 Q2 2025 季度中，Lederer & Associates Investment Counsel/ca 共进行了 47 项持仓异动，包含新建仓 7 个仓位、加仓 11 个仓位、减仓 25 个仓位以及清仓 4 个仓位。 其中最大新建仓标的为 LIN。 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。
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。
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。