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: 0001318757
申报总市值
US$1267.0亿
US$1267.0亿
2540 檔
25.7%
在 Q4 2025 的 13F 官方备案中，Marshall Wace, LLP 管理的美股投资组合规模来到 US$1267.0亿，整体持股档数为 2540 档。
Marshall Wace, LLP 在 Q4 2025 进行了结构性的板块轮动与仓位换股。在开立 12 个全新仓位及加仓 101 档持股的同时，亦同步清仓 10 档并减仓 77 档标的。
在资产配置集中度方面，Marshall Wace, LLP 的前 5 大核心持股（包含 IVV, VOO, NVDA 等）合计占整体申报市值的 25.7%，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 2540 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 | IVV | Ishares Core S&p 500 ETF | ETF-大型股与成长 | 20.23% | +6.55% | +17.91% | |
| 2 | VOO | Vanguard S&p 500 ETF | ETF-大型股与成长 | 2.62% | — | — | |
| 3 | NVDA | Nvidia CORP | 股票-科技 | 2.57% | -0.97% | +14.38% | |
| 4 | AMZN | Amazon.com Inc | 股票-周期性消费 | 2.53% | -0.04% | +13.30% | |
| 5 | AAPL | Apple Inc | 股票-科技 | 1.73% | -0.01% | -37.58% | |
| 6 | MSFT | Microsoft CORP | 股票-科技 | 1.65% | -0.27% | -42.49% | |
| 7 | LLY | Eli Lilly & Co | 股票-医疗保健 | 1.28% | -0.29% | +380.02% | |
| 8 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 1.08% | -0.29% | +58.93% | |
| 9 | AVGO | Broadcom Inc | 股票-科技 | 1.07% | -0.31% | +95.45% | |
| 10 | AMD | Advanced Micro Devices | 股票-科技 | 0.96% | +0.98% | -7.09% | |
| 11 | META | Meta Platforms Inc-class A | 股票-通信服务 | 0.93% | -0.14% | +0.93% | |
| 12 | WMT | Walmart Inc | 股票-非周期性消费 | 0.92% | -0.01% | +18.70% | |
| 13 | TSLA | Tesla Inc | 股票-周期性消费 | 0.88% | -0.02% | +10.93% | |
| 14 | GOOG | Alphabet Inc-cl C | 股票-通信服务 | 0.88% | -0.38% | +57.54% | |
| 15 | CRCL | Circle Internet Group Inc | 股票-金融 | 0.72% | -0.41% | +23.81% | |
| 16 | SMH | Vaneck Semiconductor ETF | ETF-其他 | 0.70% | +0.29% | -12.29% | |
| 17 | JNJ | Johnson & Johnson | 股票-医疗保健 | 0.69% | +0.02% | +2.35% | |
| 18 | KO | Coca-cola Co/the | 股票-非周期性消费 | 0.68% | +0.11% | +1206.87% | |
| 19 | DASH | Doordash Inc - A | 股票-周期性消费 | 0.62% | -0.02% | +48.44% | |
| 20 | UNH | Unitedhealth Group Inc | 股票-医疗保健 | 0.59% | +0.23% | +210.84% | |
| 21 | MELI | Mercadolibre Inc | 股票-周期性消费 | 0.57% | -0.49% | +157.50% | |
| 22 | BMY | Bristol-myers Squibb Co | 股票-医疗保健 | 0.53% | -0.22% | +607.08% | |
| 23 | HLT | Hilton Worldwide Holdings In | 股票-周期性消费 | 0.51% | -0.16% | +89.68% | |
| 24 | TMO | Thermo Fisher Scientific Inc | 股票-医疗保健 | 0.50% | -0.19% | +88.07% | |
| 25 | UBER | Uber Technologies Inc | 股票-工业 | 0.50% | +0.11% | +116.89% | |
| 26 | NU | Nu Holdings Ltd. | 股票-金融 | 0.48% | -0.05% | +8.01% | |
| 27 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 0.47% | -0.03% | +335.71% | |
| 28 | PDD | Pdd Holdings Inc | 股票-周期性消费 | 0.47% | +0.01% | +79.98% | |
| 29 | SLV | Ishares Silver Trust | ETF-避险与商品 | 0.47% | -0.23% | +148.58% | |
| 30 | EW | Edwards Lifesciences CORP | 股票-医疗保健 | 0.46% | -0.14% | +66.15% | |
| 31 | LULU | Lululemon Athletica Inc | 股票-周期性消费 | 0.45% | -0.13% | +188.18% | |
| 32 | COST | Costco Wholesale CORP | 股票-非周期性消费 | 0.44% | +0.61% | +200.76% | |
| 33 | SPOT | Spotify Technology S.A. | 股票-通信服务 | 0.43% | +0.01% | +830.84% | |
| 34 | INTC | Intel CORP | 股票-科技 | 0.42% | -0.03% | +32.08% | |
| 35 | GLD | Spdr Gold Shares | ETF-避险与商品 | 0.40% | -0.47% | +54.67% | |
| 36 | VRT | Vertiv Holdings Co-a | 股票-工业 | 0.39% | +0.24% | +265.63% | |
| 37 | MRK | Merck & Co. Inc. | 股票-医疗保健 | 0.38% | -0.33% | +183.11% | |
| 38 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.37% | -0.20% | -3.14% | |
| 39 | AAL | American Airlines Group Inc | 股票-工业 | 0.36% | -0.06% | +428.82% | |
| 40 | FWONK | Liberty Media Corp-formula-c | 股票-通信服务 | 0.34% | -0.01% | +36.17% | |
| 41 | USB | US Bancorp | 股票-金融 | 0.34% | -0.06% | EXIT | |
| 42 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股与成长 | 0.34% | +0.19% | -12.36% | |
| 43 | REGN | Regeneron Pharmaceuticals | 股票-医疗保健 | 0.34% | +0.07% | +23.02% | |
| 44 | RBLX | Roblox CORP -class A | 股票-通信服务 | 0.33% | -0.05% | +30.66% | |
| 45 | GRAB | Grab Holdings Limited | 股票-科技 | 0.33% | -0.09% | +49.20% | |
| 46 | PFE | Pfizer Inc | 股票-医疗保健 | 0.33% | -0.40% | +88.90% | |
| 47 | PANW | Palo Alto Networks Inc | 股票-科技 | 0.33% | +0.09% | +12.83% | |
| 48 | SNPS | Synopsys Inc | 股票-科技 | 0.32% | -0.04% | +184.20% | |
| 49 | KHC | Kraft Heinz Co/the | 股票-非周期性消费 | 0.31% | -0.02% | +246.58% | |
| 50 | FIVE | Five Below | 股票-周期性消费 | 0.31% | -0.08% | +54.63% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | IVV | Ishares Core S&p 500 ETF | +1.6% | +17.91% | 加仓 |
| 2 | LLY | Eli Lilly & Co | +1.1% | +380.02% | 加仓 |
| 3 | KO | Coca-cola Co/the | +0.6% | +1206.87% | 加仓 |
| 4 | GOOGL | Alphabet Inc-cl A | +0.5% | +58.93% | 加仓 |
| 5 | AVGO | Broadcom Inc | +0.5% | +95.45% | 加仓 |
| 6 | BMY | Bristol-myers Squibb Co | +0.5% | +607.08% | 加仓 |
| 7 | GOOG | Alphabet Inc-cl C | +0.4% | +57.54% | 加仓 |
| 8 | UNH | Unitedhealth Group Inc | +0.4% | +210.84% | 加仓 |
| 9 | SPOT | Spotify Technology S.A. | +0.4% | +830.84% | 加仓 |
| 10 | TSM | Taiwan Semiconductor-sp Adr | +0.4% | +335.71% | 加仓 |
| 11 | SLV | Ishares Silver Trust | +0.3% | +148.58% | 加仓 |
| 12 | LULU | Lululemon Athletica Inc | +0.3% | +188.18% | 加仓 |
| 13 | AAL | American Airlines Group Inc | +0.3% | +428.82% | 加仓 |
| 14 | V | Visa Inc-class A Shares | +0.3% | +6785.19% | 加仓 |
| 15 | MELI | Mercadolibre Inc | +0.3% | +157.50% | 加仓 |
| 16 | VRT | Vertiv Holdings Co-a | +0.3% | +265.63% | 加仓 |
| 17 | COST | Costco Wholesale CORP | +0.3% | +200.76% | 加仓 |
| 18 | MRK | Merck & Co. Inc. | +0.3% | +183.11% | 加仓 |
| 19 | BDX | Becton Dickinson And Co | +0.3% | +39252.20% | 加仓 |
| 20 | TMO | Thermo Fisher Scientific Inc | +0.3% | +88.07% | 加仓 |
| 21 | HLT | Hilton Worldwide Holdings In | +0.2% | +89.68% | 加仓 |
| 22 | GEV | GE Vernova Inc | +0.2% | +734.42% | 加仓 |
| 23 | KHC | Kraft Heinz Co/the | +0.2% | +246.58% | 加仓 |
| 24 | UBER | Uber Technologies Inc | +0.2% | +116.89% | 加仓 |
| 25 | SNPS | Synopsys Inc | +0.2% | +184.20% | 加仓 |
| 26 | MU | Micron Technology Inc | +0.2% | +74.06% | 加仓 |
| 27 | WAT | Waters CORP | +0.2% | +1611.32% | 加仓 |
| 28 | DB | Deutsche Bank Aktiengesellschaft | +0.2% | +2835.98% | 加仓 |
| 29 | EW | Edwards Lifesciences CORP | +0.2% | +66.15% | 加仓 |
| 30 | RKT | Rocket Cos Inc-class A | +0.2% | +661.18% | 加仓 |
| 31 | AMAT | Applied Materials Inc | +0.2% | +139.20% | 加仓 |
| 32 | SHOP | Shopify Inc - Class A | +0.2% | +172.53% | 加仓 |
| 33 | CAH | Cardinal Health Inc | +0.2% | +1328.08% | 加仓 |
| 34 | AMZN | Amazon.com Inc | +0.2% | +13.30% | 加仓 |
| 35 | TCOM | Trip.com Group Ltd-adr | +0.2% | +268.65% | 加仓 |
| 36 | FCX | Freeport-mcmoran Inc | +0.2% | +1758.23% | 加仓 |
| 37 | GS | Goldman Sachs Group Inc | +0.2% | +379.48% | 加仓 |
| 38 | NEE | Nextera Energy Inc | +0.2% | +7902.54% | 加仓 |
| 39 | HSY | Hershey Co/the | +0.2% | +546.63% | 加仓 |
| 40 | CCJ | Cameco CORP | +0.2% | +7481.31% | 加仓 |
| 41 | GLD | Spdr Gold Shares | +0.1% | +54.67% | 加仓 |
| 42 | DECK | Deckers Outdoor CORP | +0.1% | +5324.38% | 加仓 |
| 43 | PDD | Pdd Holdings Inc | +0.1% | +79.98% | 加仓 |
| 44 | PFE | Pfizer Inc | +0.1% | +88.90% | 加仓 |
| 45 | FIVE | Five Below | +0.1% | +54.63% | 加仓 |
| 46 | SNDK | Sandisk CORP | +0.1% | +29.37% | 加仓 |
| 47 | WMT | Walmart Inc | +0.1% | +18.70% | 加仓 |
| 48 | REGN | Regeneron Pharmaceuticals | +0.1% | +23.02% | 加仓 |
| 49 | FDS | Factset Research Systems Inc | +0.1% | +490.69% | 加仓 |
| 50 | SOFI | Sofi Technologies Inc | +0.1% | +372.87% | 加仓 |
根据 SEC 官方 Form 13F 申报备案，Marshall Wace, LLP 在 Q4 2025 季度的美股持仓总市值约为 US$1267.0亿，共申报了 2540 个公开持股仓位。
在 Q4 2025 季度，Marshall Wace, LLP 按市值排列的前三大核心持股分别为：IVV (20.2%)、VOO (2.6%)、NVDA (2.6%)。其中最大持股仓位 IVV 占据整体投资组合约 20.2% 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
VOO
市值: US$28.7亿
本季最大获利了结 / 清仓标的
ARES
前期市值: US$1.5亿
在 Q4 2025 季度中，Marshall Wace, LLP 共进行了 200 项持仓异动，包含新建仓 12 个仓位、加仓 101 个仓位、减仓 77 个仓位以及清仓 10 个仓位。 其中最大新建仓标的为 VOO。 本季清仓仓位包含 ARES。
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。