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: 0000936944
申报总市值
US$42.2亿
US$42.2亿
770 檔
6.2%
截至 Q4 2025 季度末，Martingale Asset Management L P 的美股持仓估值约为 US$42.2亿，全数申报仓位共有 770 档。
Martingale Asset Management L P 在 Q4 2025 进行了结构性的板块轮动与仓位换股。在开立 17 个全新仓位及加仓 70 档持股的同时，亦同步清仓 22 档并减仓 91 档标的。
在资产配置集中度方面，Martingale Asset Management L P 的前 5 大核心持股（包含 AAPL, GOOGL, MSFT 等）合计占整体申报市值的 6.2%，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 770 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 | AAPL | Apple Inc | 股票-科技 | 1.50% | +0.05% | +1.56% | |
| 2 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 1.35% | +0.15% | -29.11% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 1.33% | — | -2.02% | |
| 4 | AMZN | Amazon.com Inc | 股票-周期性消费 | 1.33% | +0.10% | -2.60% | |
| 5 | JNJ | Johnson & Johnson | 股票-医疗保健 | 1.20% | -0.07% | -3.93% | |
| 6 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.12% | +0.08% | -4.32% | |
| 7 | LLY | Eli Lilly & Co | 股票-医疗保健 | 1.11% | +0.23% | +10.02% | |
| 8 | CSCO | Cisco Systems Inc | 股票-科技 | 1.07% | -0.10% | -4.24% | |
| 9 | META | Meta Platforms Inc-class A | 股票-通信服务 | 1.07% | +0.13% | +3.58% | |
| 10 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.06% | — | -2.62% | |
| 11 | V | Visa Inc-class A Shares | 股票-金融 | 1.00% | +0.06% | -2.88% | |
| 12 | XOM | Exxon Mobil CORP | 股票-能源 | 0.96% | -1.18% | EXIT | |
| 13 | WMT | Walmart Inc | 股票-非周期性消费 | 0.96% | -0.16% | -5.15% | |
| 14 | NVDA | Nvidia CORP | 股票-科技 | 0.94% | +0.36% | +28.34% | |
| 15 | MA | Mastercard Inc - A | 股票-金融 | 0.93% | -0.02% | -2.27% | |
| 16 | T | At&t Inc | 股票-通信服务 | 0.92% | -0.35% | -1.24% | |
| 17 | ABBV | Abbvie Inc | 股票-医疗保健 | 0.92% | +0.07% | +3.36% | |
| 18 | CRM | Salesforce Inc | 股票-科技 | 0.90% | -0.15% | -0.96% | |
| 19 | AXP | American Express Co | 股票-金融 | 0.88% | +0.01% | -8.15% | |
| 20 | MRK | Merck & Co. Inc. | 股票-医疗保健 | 0.87% | -0.05% | -10.01% | |
| 21 | COST | Costco Wholesale CORP | 股票-非周期性消费 | 0.83% | -0.12% | -3.09% | |
| 22 | NEM | Newmont CORP | 股票-原材料 | 0.82% | -0.15% | -17.65% | |
| 23 | PG | Procter & Gamble Co/the | 股票-非周期性消费 | 0.81% | -0.12% | +8.91% | |
| 24 | PM | Philip Morris International | 股票-非周期性消费 | 0.80% | — | -9.52% | |
| 25 | ADBE | Adobe Inc | 股票-科技 | 0.78% | -0.11% | +1.25% | |
| 26 | INTU | Intuit Inc | 股票-科技 | 0.77% | -0.25% | -2.52% | |
| 27 | HD | Home Depot Inc | 股票-周期性消费 | 0.76% | — | -1.80% | |
| 28 | GE | General Electric | 股票-工业 | 0.75% | +0.14% | +4.88% | |
| 29 | BMY | Bristol-myers Squibb Co | 股票-医疗保健 | 0.75% | -0.10% | +13.41% | |
| 30 | RTX | Rtx CORP | 股票-工业 | 0.72% | -0.05% | -2.67% | |
| 31 | VZ | Verizon Communications Inc | 股票-通信服务 | 0.72% | -0.18% | -17.04% | |
| 32 | TRV | Travelers Cos Inc/the | 股票-金融 | 0.72% | +0.03% | +5.39% | |
| 33 | MO | Altria Group Inc | 股票-非周期性消费 | 0.72% | -0.01% | -1.42% | |
| 34 | AU | AngloGold Ashanti plc | 股票-原材料 | 0.70% | -0.29% | -5.38% | |
| 35 | GD | General Dynamics CORP | 股票-工业 | 0.70% | -0.01% | +1.72% | |
| 36 | HIG | Hartford Insurance Group Inc | 股票-金融 | 0.70% | -0.09% | +2.84% | |
| 37 | SCHW | Schwab (charles) CORP | 股票-金融 | 0.69% | -0.04% | -6.11% | |
| 38 | CVX | Chevron CORP | 股票-能源 | 0.67% | -0.23% | +1.96% | |
| 39 | ALL | Allstate CORP | 股票-金融 | 0.67% | +0.03% | -0.60% | |
| 40 | PEP | Pepsico Inc | 股票-非周期性消费 | 0.66% | -0.13% | +1.01% | |
| 41 | KR | Kroger Co | 股票-非周期性消费 | 0.64% | -0.20% | +0.18% | |
| 42 | QCOM | Qualcomm Inc | 股票-科技 | 0.64% | -0.04% | +3.74% | |
| 43 | NOC | Northrop Grumman CORP | 股票-工业 | 0.64% | -0.20% | -1.36% | |
| 44 | LMT | Lockheed Martin CORP | 股票-工业 | 0.64% | -0.15% | -1.03% | |
| 45 | MCK | Mckesson CORP | 股票-医疗保健 | 0.63% | -0.16% | -5.57% | |
| 46 | ABT | Abbott Laboratories | 股票-医疗保健 | 0.62% | -0.14% | -6.79% | |
| 47 | MCD | Mcdonald's CORP | 股票-周期性消费 | 0.61% | -0.11% | +6.25% | |
| 48 | GILD | Gilead Sciences Inc | 股票-医疗保健 | 0.61% | -0.09% | +12.24% | |
| 49 | TMUS | T-mobile US Inc | 股票-通信服务 | 0.60% | +0.01% | -9.83% | |
| 50 | COF | Capital One Financial CORP | 股票-金融 | 0.59% | +0.04% | +21.62% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | TJX | Tjx Companies Inc | +0.5% | +765.06% | 加仓 |
| 2 | LLY | Eli Lilly & Co | +0.4% | +10.02% | 加仓 |
| 3 | INCY | Incyte CORP | +0.3% | +161.03% | 加仓 |
| 4 | AMP | Ameriprise Financial Inc | +0.2% | +70.22% | 加仓 |
| 5 | VLO | Valero Energy CORP | +0.2% | +75.39% | 加仓 |
| 6 | DIS | Walt Disney Co/the | +0.2% | +60.53% | 加仓 |
| 7 | NVDA | Nvidia CORP | +0.2% | +28.34% | 加仓 |
| 8 | MLI | Mueller Industries Inc | +0.2% | +67.07% | 加仓 |
| 9 | BMY | Bristol-myers Squibb Co | +0.2% | +13.41% | 加仓 |
| 10 | APH | Amphenol Corp-cl A | +0.2% | +150.44% | 加仓 |
| 11 | PEG | Public Service Enterprise Gp | +0.2% | +84.96% | 加仓 |
| 12 | LRCX | Lam Research CORP | +0.2% | +391.36% | 加仓 |
| 13 | COF | Capital One Financial CORP | +0.2% | +21.62% | 加仓 |
| 14 | KO | Coca-cola Co/the | +0.2% | +46.25% | 加仓 |
| 15 | HWM | Howmet Aerospace Inc | +0.1% | +304.32% | 加仓 |
| 16 | AVGO | Broadcom Inc | +0.1% | +25.01% | 加仓 |
| 17 | HII | Huntington Ingalls Industrie | +0.1% | +29.46% | 加仓 |
| 18 | VRTX | Vertex Pharmaceuticals Inc | +0.1% | +18.34% | 加仓 |
| 19 | NRG | Nrg Energy Inc | +0.1% | +50.90% | 加仓 |
| 20 | GILD | Gilead Sciences Inc | +0.1% | +12.24% | 加仓 |
| 21 | AAPL | Apple Inc | +0.1% | +1.56% | 加仓 |
| 22 | ANET | Arista Networks Inc | +0.1% | +917.86% | 加仓 |
| 23 | MNST | Monster Beverage CORP | +0.1% | +200.11% | 加仓 |
| 24 | DUK | Duke Energy CORP | +0.1% | +42.80% | 加仓 |
| 25 | MRK | Merck & Co. Inc. | +0.1% | -10.01% | 减仓 |
| 26 | GM | General Motors Co | +0.1% | +807.52% | 加仓 |
| 27 | AIT | Applied Industrial Tech Inc | +0.1% | +228.25% | 加仓 |
| 28 | HST | Host Hotels & Resorts Inc | +0.1% | +1272.79% | 加仓 |
| 29 | RNR | RenaissanceRe Holdings Ltd. | +0.1% | +28.43% | 加仓 |
| 30 | JXN | Jackson Financial Inc-a | +0.1% | +175.81% | 加仓 |
| 31 | CRM | Salesforce Inc | +0.1% | -0.96% | 减仓 |
| 32 | JNJ | Johnson & Johnson | +0.1% | -3.93% | 减仓 |
| 33 | AU | AngloGold Ashanti plc | +0.1% | -5.38% | 减仓 |
| 34 | CAH | Cardinal Health Inc | +0.1% | -10.11% | 减仓 |
| 35 | CSCO | Cisco Systems Inc | +0.1% | -4.24% | 减仓 |
| 36 | AYI | Acuity Inc | +0.1% | +82.47% | 加仓 |
| 37 | AMGN | Amgen Inc | +0.1% | +0.73% | 加仓 |
| 38 | FE | Firstenergy CORP | +0.1% | +628.59% | 加仓 |
| 39 | TRV | Travelers Cos Inc/the | +0.1% | +5.39% | 加仓 |
| 40 | JBHT | Hunt (jb) Transprt Svcs Inc | +0.1% | +12.56% | 加仓 |
| 41 | TRGP | Targa Resources CORP | +0.1% | +98.43% | 加仓 |
| 42 | INDV | Indivior Pharmaceuticals, Inc. | +0.1% | +32.52% | 加仓 |
| 43 | TSLA | Tesla Inc | +0.1% | +481.49% | 加仓 |
| 44 | GE | General Electric | +0.1% | +4.88% | 加仓 |
| 45 | LOW | Lowe's Cos Inc | +0.1% | +26.86% | 加仓 |
| 46 | POR | Portland General Electric Co | +0.1% | +46.21% | 加仓 |
| 47 | COKE | Coca-cola Consolidated Inc | +0.1% | -6.46% | 减仓 |
| 48 | CTSH | Cognizant Tech Solutions-a | +0.1% | -5.35% | 减仓 |
| 49 | PH | Parker Hannifin CORP | +0.1% | -3.53% | 减仓 |
| 50 | CB | Chubb Limited | +0.1% | -1.61% | 减仓 |
根据 SEC 官方 Form 13F 申报备案，Martingale Asset Management L P 在 Q4 2025 季度的美股持仓总市值约为 US$42.2亿，共申报了 770 个公开持股仓位。
在 Q4 2025 季度，Martingale Asset Management L P 按市值排列的前三大核心持股分别为：AAPL (1.5%)、GOOGL (1.4%)、MSFT (1.3%)。其中最大持股仓位 AAPL 占据整体投资组合约 1.5% 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。
本季最大新建仓标的
SFD
市值: US$768.1万
本季最大获利了结 / 清仓标的
EA
前期市值: US$2341.3万
在 Q4 2025 季度中，Martingale Asset Management L P 共进行了 200 项持仓异动，包含新建仓 17 个仓位、加仓 70 个仓位、减仓 91 个仓位以及清仓 22 个仓位。 其中最大新建仓标的为 SFD。 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。