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: 0000912938
申报总市值
US$3127.5亿
US$3127.5亿
856 檔
15.4%
在 Q3 2025 的 13F 官方备案中，Massachusetts Financial Services Co /ma/ 管理的美股投资组合规模来到 US$3127.5亿，整体持股档数为 856 档。
在 Q3 2025，Massachusetts Financial Services Co /ma/ 展现出较为审慎的避险与获利了结姿态。本季共减仓 30 个仓位并完全清仓 2 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，Massachusetts Financial Services Co /ma/ 的前 5 大核心持股（包含 MSFT, NVDA, AAPL 等）合计占整体申报市值的 15.4%，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 856 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 | MSFT | Microsoft CORP | 股票-科技 | 4.87% | -0.79% | +0.76% | |
| 2 | NVDA | Nvidia CORP | 股票-科技 | 4.15% | +0.48% | +25.03% | |
| 3 | AAPL | Apple Inc | 股票-科技 | 2.24% | +0.22% | +12.98% | |
| 4 | AMZN | Amazon.com Inc | 股票-周期性消费 | 1.93% | +0.62% | -6.79% | |
| 5 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 1.78% | +1.03% | -9.71% | |
| 6 | META | Meta Platforms Inc-class A | 股票-通信服务 | 1.75% | -0.21% | -14.63% | |
| 7 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.60% | -0.17% | -5.47% | |
| 8 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 1.36% | +0.36% | +3.56% | |
| 9 | MA | Mastercard Inc - A | 股票-金融 | 1.10% | -0.05% | -2.09% | |
| 10 | JNJ | Johnson & Johnson | 股票-医疗保健 | 1.01% | -0.26% | -2.47% | |
| 11 | UBS | UBS Group AG | 股票-金融 | 0.98% | +0.14% | +20.99% | |
| 12 | PGR | Progressive CORP | 股票-金融 | 0.98% | -0.28% | -1.19% | |
| 13 | CI | THE Cigna Group | 股票-医疗保健 | 0.97% | -0.12% | -7.44% | |
| 14 | AON | Aon plc | 股票-金融 | 0.97% | -0.11% | -2.17% | |
| 15 | MCK | Mckesson CORP | 股票-医疗保健 | 0.94% | -0.26% | -1.51% | |
| 16 | AVGO | Broadcom Inc | 股票-科技 | 0.87% | +0.60% | +41.60% | |
| 17 | ETN | Eaton Corporation plc | 股票-工业 | 0.85% | +0.10% | -10.54% | |
| 18 | RTX | Rtx CORP | 股票-工业 | 0.82% | -0.21% | -0.56% | |
| 19 | FNV | Franco-nevada CORP | 股票-原材料 | 0.81% | -0.19% | -0.30% | |
| 20 | KKR | Kkr & Co Inc | 股票-金融 | 0.79% | -0.14% | -1.72% | |
| 21 | ACN | Accenture plc | 股票-科技 | 0.78% | -0.72% | +12.77% | |
| 22 | LIN | Linde plc | 股票-原材料 | 0.76% | +0.02% | -21.01% | |
| 23 | NDAQ | Nasdaq Inc | 股票-金融 | 0.72% | -0.24% | -3.32% | |
| 24 | APH | Amphenol Corp-cl A | 股票-科技 | 0.71% | — | -7.94% | |
| 25 | HWM | Howmet Aerospace Inc | 股票-工业 | 0.71% | -0.17% | -17.40% | |
| 26 | XOM | Exxon Mobil CORP | 股票-能源 | 0.68% | -0.33% | -1.04% | |
| 27 | COP | Conocophillips | 股票-能源 | 0.68% | -0.31% | -1.07% | |
| 28 | GD | General Dynamics CORP | 股票-工业 | 0.67% | -0.20% | -1.82% | |
| 29 | AXP | American Express Co | 股票-金融 | 0.67% | -0.04% | -11.77% | |
| 30 | MS | Morgan Stanley | 股票-金融 | 0.66% | -0.04% | -1.87% | |
| 31 | WTW | Willis Towers Watson Public Limited Company | 股票-金融 | 0.66% | -0.15% | -0.88% | |
| 32 | DUK | Duke Energy CORP | 股票-公用事业 | 0.65% | -0.12% | -1.78% | |
| 33 | ADI | Analog Devices Inc | 股票-科技 | 0.64% | +0.02% | -3.09% | |
| 34 | BA | Boeing Co/the | 股票-工业 | 0.64% | -0.11% | -2.13% | |
| 35 | SPOT | Spotify Technology S.A. | 股票-通信服务 | 0.63% | -0.02% | -11.97% | |
| 36 | CB | Chubb Limited | 股票-金融 | 0.63% | -0.07% | -1.30% | |
| 37 | KLAC | Kla CORP | 股票-科技 | 0.63% | +0.61% | -0.54% | |
| 38 | ABT | Abbott Laboratories | 股票-医疗保健 | 0.63% | -0.15% | +5.75% | |
| 39 | MDT | Medtronic plc | 股票-医疗保健 | 0.62% | -0.07% | +0.47% | |
| 40 | AEM | Agnico Eagle Mines LTD | 股票-原材料 | 0.61% | -0.22% | +5.42% | |
| 41 | ABBV | Abbvie Inc | 股票-医疗保健 | 0.60% | -0.05% | -3.00% | |
| 42 | MRSH | Marsh & Mclennan Cos | 股票-金融 | 0.59% | -0.13% | -2.09% | |
| 43 | UNP | Union Pacific CORP | 股票-工业 | 0.59% | -0.04% | -1.39% | |
| 44 | SO | Southern Co/the | 股票-公用事业 | 0.58% | -0.09% | -2.57% | |
| 45 | CDNS | Cadence Design Sys Inc | 股票-科技 | 0.58% | +0.07% | +15.97% | |
| 46 | PLD | Prologis Inc | 股票-房地产 | 0.58% | -0.14% | -1.45% | |
| 47 | PCG | P G & E CORP | 股票-公用事业 | 0.58% | -0.10% | +0.71% | |
| 48 | V | Visa Inc-class A Shares | 股票-金融 | 0.58% | -0.33% | -35.57% | |
| 49 | D | Dominion Energy Inc | 股票-公用事业 | 0.55% | -0.12% | -1.43% | |
| 50 | NXPI | NXP Semiconductors N.V. | 股票-科技 | 0.55% | +0.07% | -6.18% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +2.1% | +25.03% | 加仓 |
| 2 | MSFT | Microsoft CORP | +1% | +0.76% | 减仓 |
| 3 | AVGO | Broadcom Inc | +0.7% | +41.60% | 加仓 |
| 4 | TSM | Taiwan Semiconductor-sp Adr | +0.5% | +3.56% | 减仓 |
| 5 | AAPL | Apple Inc | +0.3% | +12.98% | 加仓 |
| 6 | APH | Amphenol Corp-cl A | +0.3% | -7.94% | 减仓 |
| 7 | KLAC | Kla CORP | +0.3% | -0.54% | 加仓 |
| 8 | ANET | Arista Networks Inc | +0.3% | +2829.00% | 加仓 |
| 9 | UBS | UBS Group AG | +0.2% | +20.99% | 加仓 |
| 10 | HUM | Humana Inc | +0.2% | +273.18% | 加仓 |
| 11 | NDAQ | Nasdaq Inc | +0.2% | -3.32% | 加仓 |
| 12 | WFC | Wells Fargo & Co | +0.2% | +7.36% | 加仓 |
| 13 | VST | Vistra CORP | +0.2% | +15.07% | 加仓 |
| 14 | MA | Mastercard Inc - A | +0.2% | -2.09% | 加仓 |
| 15 | RTX | Rtx CORP | +0.2% | -0.56% | 加仓 |
| 16 | FNV | Franco-nevada CORP | +0.2% | -0.30% | 减仓 |
| 17 | CDNS | Cadence Design Sys Inc | +0.2% | +15.97% | 加仓 |
| 18 | GEV | GE Vernova Inc | +0.2% | -3.86% | 减仓 |
| 19 | LPLA | Lpl Financial Holdings Inc | +0.2% | +32.76% | 加仓 |
| 20 | APP | Applovin Corp-class A | +0.2% | +39.39% | 加仓 |
| 21 | CRH | CRH plc | +0.2% | -3.45% | 加仓 |
| 22 | RBLX | Roblox CORP -class A | +0.2% | +7.52% | 加仓 |
| 23 | GOOGL | Alphabet Inc-cl A | +0.1% | -9.71% | 减仓 |
| 24 | AEM | Agnico Eagle Mines LTD | +0.1% | +5.42% | 减仓 |
| 25 | JPM | Jpmorgan Chase & Co | +0.1% | -5.47% | 减仓 |
| 26 | RYAAY | Ryanair Holdings Plc-sp Adr | +0.1% | -0.87% | 减仓 |
| 27 | HUBS | Hubspot Inc | -0.2% | -86.89% | 减仓 |
| 28 | MSCI | Msci Inc | -0.2% | -84.46% | 减仓 |
| 29 | PEP | Pepsico Inc | -0.2% | -21.03% | 减仓 |
| 30 | 6D8 | Dupont De Nemours Inc | -0.2% | -60.12% | 减仓 |
| 31 | TGT | Target CORP | -0.2% | -83.88% | 减仓 |
| 32 | AJG | Arthur J Gallagher & Co | -0.2% | -51.25% | 减仓 |
| 33 | LLY | Eli Lilly & Co | -0.2% | -86.18% | 减仓 |
| 34 | IT | Gartner Inc | -0.2% | -56.35% | 减仓 |
| 35 | MRSH | Marsh & Mclennan Cos | -0.2% | -2.09% | 减仓 |
| 36 | CTVA | Corteva Inc | -0.2% | -87.60% | 减仓 |
| 37 | VRSK | Verisk Analytics Inc | -0.2% | -38.62% | 减仓 |
| 38 | BSX | Boston Scientific CORP | -0.2% | -19.38% | 减仓 |
| 39 | VRTX | Vertex Pharmaceuticals Inc | -0.3% | -60.82% | 减仓 |
| 40 | CRM | Salesforce Inc | -0.3% | -10.23% | 减仓 |
| 41 | PGR | Progressive CORP | -0.3% | -1.19% | 减仓 |
| 42 | CI | THE Cigna Group | -0.3% | -7.44% | 减仓 |
| 43 | KVUE | Kenvue Inc | -0.3% | -4.23% | 减仓 |
| 44 | AON | Aon plc | -0.3% | -2.17% | 减仓 |
| 45 | LIN | Linde plc | -0.3% | -21.01% | 减仓 |
| 46 | FISV | Fiserv Inc | -0.4% | -29.17% | 减仓 |
| 47 | V | Visa Inc-class A Shares | -0.7% | -35.57% | 减仓 |
| 48 | CAT | Caterpillar Inc | — | NEW | 新建仓 |
| 49 | ISRG | Intuitive Surgical Inc | — | EXIT | 清仓 |
| 50 | HES | Hess CORP | — | EXIT | 清仓 |
根据 SEC 官方 Form 13F 申报备案，Massachusetts Financial Services Co /ma/ 在 Q3 2025 季度的美股持仓总市值约为 US$3127.5亿，共申报了 856 个公开持股仓位。
在 Q3 2025 季度，Massachusetts Financial Services Co /ma/ 按市值排列的前三大核心持股分别为：MSFT (4.9%)、NVDA (4.2%)、AAPL (2.2%)。其中最大持股仓位 MSFT 占据整体投资组合约 4.9% 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
CAT
市值: US$8.7亿
本季最大获利了结 / 清仓标的
ISRG
前期市值: US$5.8亿
在 Q3 2025 季度中，Massachusetts Financial Services Co /ma/ 共进行了 50 项持仓异动，包含新建仓 1 个仓位、加仓 17 个仓位、减仓 30 个仓位以及清仓 2 个仓位。 其中最大新建仓标的为 CAT。 本季清仓仓位包含 ISRG。
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。