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: 0001861026
申报总市值
US$24.6亿
US$24.6亿
78 檔
22.2%
Q3 2025 季度申报显示，Marathon Asset Management Ltd 披露的美股组合总市值为 US$24.6亿，涵盖 78 个不同之权益投资仓位。
在 Q3 2025，Marathon Asset Management Ltd 展现出较为审慎的避险与获利了结姿态。本季共减仓 62 个仓位并完全清仓 7 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，Marathon Asset Management Ltd 的前 5 大核心持股（包含 CNH, AMZN, KO 等）合计占整体申报市值的 22.2%，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 | CNH | CNH Industrial N.V. | 股票-工业 | 4.98% | +0.21% | -4.44% | |
| 2 | AMZN | Amazon.com Inc | 股票-周期性消费 | 4.18% | -0.28% | -16.40% | |
| 3 | KO | The Coca-Cola Company | 股票-非周期性消费 | 3.88% | +0.36% | -1.26% | |
| 4 | MSFT | Microsoft CORP | 股票-科技 | 3.52% | -0.38% | -19.61% | |
| 5 | BN | Brookfield CORP | 股票-金融 | 3.51% | -0.08% | -5.64% | |
| 6 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 3.38% | +0.33% | -26.52% | |
| 7 | ELV | Elevance Health Inc | 股票-医疗保健 | 3.18% | +0.44% | +1.46% | |
| 8 | SCCO | Southern Copper CORP | 股票-原材料 | 3.00% | +0.08% | -4.86% | |
| 9 | META | Meta Platforms Inc-class A | 股票-通信服务 | 2.80% | -0.33% | -23.63% | |
| 10 | BNS | Bank Of Nova Scotia | 股票-金融 | 2.77% | +0.47% | -5.60% | |
| 11 | FNV | Franco-nevada CORP | 股票-原材料 | 2.51% | -0.59% | -5.60% | |
| 12 | TME | Tencent Music Entertainm-adr | 股票-通信服务 | 2.46% | — | -5.77% | |
| 13 | NVDA | Nvidia CORP | 股票-科技 | 2.35% | -0.11% | -19.01% | |
| 14 | FISV | Fiserv Inc | 股票-其他 | 2.26% | -0.30% | -8.85% | |
| 15 | VIPS | Vipshop Holdings LTD - Adr | 股票-周期性消费 | 2.25% | -0.27% | -16.28% | |
| 16 | CNQ | Canadian Natural Resources | 股票-能源 | 2.02% | -0.71% | -5.48% | |
| 17 | ORCL | Oracle CORP | 股票-科技 | 1.79% | -0.12% | -45.22% | |
| 18 | LAUR | Laureate Education Inc | 股票-其他 | 1.77% | +0.08% | -5.75% | |
| 19 | TRU | Transunion | 股票-金融 | 1.76% | +0.37% | -23.49% | |
| 20 | TIGO | Millicom International Cellular S.A. | 股票-通信服务 | 1.76% | +0.75% | — | |
| 21 | V | Visa Inc-class A Shares | 股票-金融 | 1.75% | +0.42% | -23.52% | |
| 22 | MKL | Markel Group Inc | 股票-金融 | 1.75% | -0.21% | -23.78% | |
| 23 | CX | Cemex Sab-spons Adr Part Cer | 股票-其他 | 1.73% | +0.10% | -14.01% | |
| 24 | PAYC | Paycom Software Inc | 股票-科技 | 1.70% | -0.11% | -17.10% | |
| 25 | GIL | Gildan Activewear Inc | 股票-周期性消费 | 1.68% | +0.62% | -5.60% | |
| 26 | MU | Micron Technology Inc | 股票-科技 | 1.68% | +0.76% | -36.09% | |
| 27 | TMO | Thermo Fisher Scientific Inc | 股票-医疗保健 | 1.66% | -0.21% | -24.38% | |
| 28 | CPA | Copa Holdings, S.A. | 股票-其他 | 1.64% | +0.77% | -6.99% | |
| 29 | CP | Canadian Pacific Kansas City | 股票-工业 | 1.54% | +0.03% | -5.61% | |
| 30 | MA | Mastercard Inc - A | 股票-金融 | 1.53% | -0.15% | -23.45% | |
| 31 | PGR | Progressive CORP | 股票-金融 | 1.33% | -0.10% | -11.21% | |
| 32 | IBKR | Interactive Brokers Gro-cl A | 股票-金融 | 1.33% | +0.12% | -27.09% | |
| 33 | ADSK | Autodesk Inc | 股票-科技 | 1.17% | -0.30% | -27.08% | |
| 34 | CME | Cme Group Inc | 股票-金融 | 1.16% | -0.51% | -27.07% | |
| 35 | OPLN | Openlane Inc | 股票-其他 | 1.13% | -0.40% | -26.33% | |
| 36 | ATS | Ats CORP | 股票-其他 | 1.12% | -0.06% | -5.58% | |
| 37 | HDB | Hdfc Bank Ltd-adr | 股票-金融 | 1.10% | +0.09% | +71.34% | |
| 38 | IQV | Iqvia Holdings Inc | 股票-医疗保健 | 0.90% | -0.01% | -24.10% | |
| 39 | BKNG | Booking Holdings Inc | 股票-周期性消费 | 0.88% | — | -23.61% | |
| 40 | ALGN | Align Technology Inc | 股票-医疗保健 | 0.88% | -0.18% | +1.06% | |
| 41 | SPGI | S&p Global Inc | 股票-金融 | 0.88% | -0.22% | -13.83% | |
| 42 | BAM | Brookfield Asset Mgmt-a | 股票-金融 | 0.73% | -0.03% | -5.67% | |
| 43 | TJX | Tjx Companies Inc | 股票-周期性消费 | 0.67% | -0.17% | -27.09% | |
| 44 | LYB | LyondellBasell Industries N.V. | 股票-原材料 | 0.59% | — | -23.49% | |
| 45 | HCSG | Healthcare Services Group | 股票-其他 | 0.58% | +0.07% | -26.32% | |
| 46 | RPRX | Royalty Pharma plc | 股票-医疗保健 | 0.55% | -0.16% | -26.49% | |
| 47 | NEM | Newmont CORP | 股票-原材料 | 0.54% | -0.19% | -42.05% | |
| 48 | BIO | Bio-rad Laboratories-a | 股票-医疗保健 | 0.54% | -0.07% | -13.20% | |
| 49 | MTN | Vail Resorts Inc | 股票-周期性消费 | 0.53% | -0.08% | +21.46% | |
| 50 | NVST | Envista Holdings CORP | 股票-医疗保健 | 0.52% | -0.09% | -26.37% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | BNS | Bank Of Nova Scotia | +1.5% | -5.60% | 加仓 |
| 2 | TME | Tencent Music Entertainm-adr | +1% | -5.77% | 减仓 |
| 3 | BN | Brookfield CORP | +1% | -5.64% | 减仓 |
| 4 | NVDA | Nvidia CORP | +0.9% | -19.01% | 减仓 |
| 5 | GOOGL | Alphabet Inc-cl A | +0.9% | -26.52% | 减仓 |
| 6 | SCCO | Southern Copper CORP | +0.9% | -4.86% | 减仓 |
| 7 | MSFT | Microsoft CORP | +0.9% | -19.61% | 减仓 |
| 8 | FNV | Franco-nevada CORP | +0.8% | -5.60% | 减仓 |
| 9 | AMZN | Amazon.com Inc | +0.8% | -16.40% | 减仓 |
| 10 | LAUR | Laureate Education Inc | +0.6% | -5.75% | 减仓 |
| 11 | TMO | Thermo Fisher Scientific Inc | +0.6% | -24.38% | 加仓 |
| 12 | KO | The Coca-Cola Company | +0.6% | -1.26% | 减仓 |
| 13 | CX | Cemex Sab-spons Adr Part Cer | +0.6% | -14.01% | 减仓 |
| 14 | GIL | Gildan Activewear Inc | +0.5% | -5.60% | 减仓 |
| 15 | ORCL | Oracle CORP | +0.4% | -45.22% | 减仓 |
| 16 | IBKR | Interactive Brokers Gro-cl A | +0.4% | -27.09% | 加仓 |
| 17 | MU | Micron Technology Inc | +0.4% | -36.09% | 减仓 |
| 18 | VIPS | Vipshop Holdings LTD - Adr | +0.3% | -16.28% | 减仓 |
| 19 | OPLN | Openlane Inc | +0.3% | -26.33% | 减仓 |
| 20 | CPA | Copa Holdings, S.A. | +0.3% | -6.99% | 减仓 |
| 21 | TSM | Taiwan Semiconductor-sp Adr | +0.2% | -6.77% | 减仓 |
| 22 | LASR | Nlight Inc | +0.2% | -50.26% | 减仓 |
| 23 | HCSG | Healthcare Services Group | +0.2% | -26.32% | 减仓 |
| 24 | CNQ | Canadian Natural Resources | +0.2% | -5.48% | 减仓 |
| 25 | CP | Canadian Pacific Kansas City | +0.2% | -5.61% | 减仓 |
| 26 | BAM | Brookfield Asset Mgmt-a | +0.1% | -5.67% | 减仓 |
| 27 | MTN | Vail Resorts Inc | +0.1% | +21.46% | 加仓 |
| 28 | META | Meta Platforms Inc-class A | +0.1% | -23.63% | 减仓 |
| 29 | BIO | Bio-rad Laboratories-a | +0.1% | -13.20% | 减仓 |
| 30 | ROG | Rogers CORP | +0.1% | -26.50% | 减仓 |
| 31 | AL | Air Lease CORP | +0.1% | -26.37% | 减仓 |
| 32 | FCN | Fti Consulting Inc | +0.1% | +7.10% | 加仓 |
| 33 | WCC | Wesco International Inc | +0.1% | -26.38% | 减仓 |
| 34 | CHRW | C.h. Robinson Worldwide Inc | +0.1% | -26.32% | 减仓 |
| 35 | ADSK | Autodesk Inc | +0.1% | -27.08% | 减仓 |
| 36 | BKNG | Booking Holdings Inc | +0.1% | -23.61% | 减仓 |
| 37 | DLTR | Dollar Tree Inc | +0.1% | -26.37% | 减仓 |
| 38 | VNT | Vontier CORP | 0% | -26.38% | 减仓 |
| 39 | NEM | Newmont CORP | 0% | -42.05% | 减仓 |
| 40 | SDA | Sealed Air CORP | 0% | -26.32% | 减仓 |
| 41 | ADM | Archer-daniels-midland Co | 0% | -26.35% | 减仓 |
| 42 | TJX | Tjx Companies Inc | 0% | -27.09% | 减仓 |
| 43 | TDC | Teradata CORP | 0% | -26.50% | 减仓 |
| 44 | NVST | Envista Holdings CORP | 0% | -26.37% | 减仓 |
| 45 | WFC | Wells Fargo & Co | 0% | -26.36% | 减仓 |
| 46 | DFIN | Donnelley Financial Solution | 0% | -26.33% | 减仓 |
| 47 | LYB | LyondellBasell Industries N.V. | — | -23.49% | 加仓 |
| 48 | WSC | Willscot Holdings CORP | — | -8.73% | 加仓 |
| 49 | INMD | InMode Ltd. | — | — | 不变 |
| 50 | BKR | Baker Hughes Co | 0% | -26.35% | 减仓 |
根据 SEC 官方 Form 13F 申报备案，Marathon Asset Management Ltd 在 Q3 2025 季度的美股持仓总市值约为 US$24.6亿，共申报了 78 个公开持股仓位。
在 Q3 2025 季度，Marathon Asset Management Ltd 按市值排列的前三大核心持股分别为：CNH (5.0%)、AMZN (4.2%)、KO (3.9%)。其中最大持股仓位 CNH 占据整体投资组合约 5.0% 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
TIGO
市值: US$4778.9万
本季最大获利了结 / 清仓标的
EA
前期市值: US$3550.6万
在 Q3 2025 季度中，Marathon Asset Management Ltd 共进行了 84 项持仓异动，包含新建仓 4 个仓位、加仓 11 个仓位、减仓 62 个仓位以及清仓 7 个仓位。 其中最大新建仓标的为 TIGO。 本季清仓仓位包含 EA。
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。