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: 0000912938
申报总市值
US$3127.5亿
US$3127.5亿
916 檔
15.1%
截至 Q4 2025 季度末，Massachusetts Financial Services Co /ma/ 的美股持仓估值约为 US$3127.5亿，全数申报仓位共有 916 档。
在 Q4 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 27 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, GOOGL 等）合计占整体申报市值的 15.1%，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 916 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 | 4.22% | -0.79% | -10.74% | |
| 2 | NVDA | Nvidia CORP | 股票-科技 | 4.04% | +0.48% | -6.37% | |
| 3 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 2.54% | +1.03% | +6.40% | |
| 4 | AAPL | Apple Inc | 股票-科技 | 2.36% | +0.22% | -5.23% | |
| 5 | AMZN | Amazon.com Inc | 股票-周期性消费 | 2.11% | +0.62% | +0.27% | |
| 6 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.61% | -0.17% | -5.46% | |
| 7 | JNJ | Johnson & Johnson | 股票-医疗保健 | 1.09% | -0.26% | -6.68% | |
| 8 | MA | Mastercard Inc - A | 股票-金融 | 1.08% | -0.05% | -5.90% | |
| 9 | CI | THE Cigna Group | 股票-医疗保健 | 1.05% | -0.12% | +8.29% | |
| 10 | META | Meta Platforms Inc-class A | 股票-通信服务 | 1.03% | -0.21% | -37.13% | |
| 11 | UBS | UBS Group AG | 股票-金融 | 1.02% | +0.14% | -11.29% | |
| 12 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 0.99% | +0.36% | -35.61% | |
| 13 | AON | Aon plc | 股票-金融 | 0.97% | -0.11% | -2.43% | |
| 14 | PGR | Progressive CORP | 股票-金融 | 0.94% | -0.28% | +0.22% | |
| 15 | ACN | Accenture plc | 股票-科技 | 0.93% | -0.72% | +5.38% | |
| 16 | MCK | Mckesson CORP | 股票-医疗保健 | 0.91% | -0.26% | -12.18% | |
| 17 | AVGO | Broadcom Inc | 股票-科技 | 0.90% | +0.60% | -5.31% | |
| 18 | NDAQ | Nasdaq Inc | 股票-金融 | 0.87% | -0.24% | +4.77% | |
| 19 | TTE | TotalEnergies SE | 股票-其他 | 0.85% | — | — | |
| 20 | RTX | Rtx CORP | 股票-工业 | 0.84% | -0.21% | -10.75% | |
| 21 | FNV | Franco-nevada CORP | 股票-原材料 | 0.78% | -0.19% | +0.18% | |
| 22 | KKR | Kkr & Co Inc | 股票-金融 | 0.77% | -0.14% | -4.38% | |
| 23 | XOM | Exxon Mobil CORP | 股票-能源 | 0.75% | -0.33% | -1.46% | |
| 24 | MS | Morgan Stanley | 股票-金融 | 0.71% | -0.04% | -7.42% | |
| 25 | LIN | Linde plc | 股票-原材料 | 0.70% | +0.02% | -1.51% | |
| 26 | APH | Amphenol Corp-cl A | 股票-科技 | 0.69% | — | -14.15% | |
| 27 | CB | Chubb Limited | 股票-金融 | 0.69% | -0.07% | -4.27% | |
| 28 | AXP | American Express Co | 股票-金融 | 0.69% | -0.04% | -10.58% | |
| 29 | ADI | Analog Devices Inc | 股票-科技 | 0.69% | +0.02% | -6.39% | |
| 30 | KLAC | Kla CORP | 股票-科技 | 0.68% | +0.61% | -7.43% | |
| 31 | GD | General Dynamics CORP | 股票-工业 | 0.68% | -0.20% | -1.10% | |
| 32 | BA | Boeing Co/the | 股票-工业 | 0.68% | -0.11% | +0.76% | |
| 33 | COP | Conocophillips | 股票-能源 | 0.67% | -0.31% | -3.82% | |
| 34 | MDT | Medtronic plc | 股票-医疗保健 | 0.65% | -0.07% | -0.66% | |
| 35 | HWM | Howmet Aerospace Inc | 股票-工业 | 0.65% | -0.17% | -15.55% | |
| 36 | AEM | Agnico Eagle Mines LTD | 股票-原材料 | 0.64% | -0.22% | -0.34% | |
| 37 | WTW | Willis Towers Watson Public Limited Company | 股票-金融 | 0.63% | -0.15% | -3.33% | |
| 38 | RYAAY | Ryanair Holdings Plc-sp Adr | 股票-工业 | 0.63% | +0.03% | -5.99% | |
| 39 | A | Agilent Technologies Inc | 股票-医疗保健 | 0.62% | -0.05% | +13.78% | |
| 40 | PLD | Prologis Inc | 股票-房地产 | 0.62% | -0.14% | -7.84% | |
| 41 | DUK | Duke Energy CORP | 股票-公用事业 | 0.61% | -0.12% | -4.89% | |
| 42 | PCG | P G & E CORP | 股票-公用事业 | 0.60% | -0.10% | -6.33% | |
| 43 | BDX | Becton Dickinson And Co | 股票-医疗保健 | 0.59% | +0.04% | +3.67% | |
| 44 | ABT | Abbott Laboratories | 股票-医疗保健 | 0.59% | -0.15% | -3.83% | |
| 45 | TMO | Thermo Fisher Scientific Inc | 股票-医疗保健 | 0.58% | -0.03% | +5.13% | |
| 46 | PNC | Pnc Financial Services Group | 股票-金融 | 0.57% | -0.05% | -0.85% | |
| 47 | C | Citigroup Inc | 股票-金融 | 0.57% | -0.02% | -7.48% | |
| 48 | UNP | Union Pacific CORP | 股票-工业 | 0.57% | -0.04% | -5.00% | |
| 49 | ETN | Eaton Corporation plc | 股票-工业 | 0.57% | +0.10% | -24.51% | |
| 50 | NXPI | NXP Semiconductors N.V. | 股票-科技 | 0.55% | +0.07% | +1.57% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | GOOGL | Alphabet Inc-cl A | +0.8% | +6.40% | 加仓 |
| 2 | DHR | Danaher CORP | +0.2% | +104.75% | 加仓 |
| 3 | AMZN | Amazon.com Inc | +0.2% | +0.27% | 加仓 |
| 4 | STX | Seagate Technology Holdings plc | +0.2% | +1510.07% | 加仓 |
| 5 | GILD | Gilead Sciences Inc | +0.2% | +3763.78% | 加仓 |
| 6 | TD | Toronto-dominion Bank | +0.2% | +25.90% | 加仓 |
| 7 | MNST | Monster Beverage CORP | +0.2% | +7360.69% | 加仓 |
| 8 | ACN | Accenture plc | +0.2% | +5.38% | 加仓 |
| 9 | NDAQ | Nasdaq Inc | +0.2% | +4.77% | 加仓 |
| 10 | PM | Philip Morris International | +0.1% | +36.26% | 加仓 |
| 11 | TMO | Thermo Fisher Scientific Inc | +0.1% | +5.13% | 加仓 |
| 12 | A | Agilent Technologies Inc | +0.1% | +13.78% | 加仓 |
| 13 | MDB | Mongodb Inc | +0.1% | +611.25% | 加仓 |
| 14 | SNOW | Snowflake Inc | +0.1% | +445.56% | 加仓 |
| 15 | INTU | Intuit Inc | +0.1% | +74.78% | 加仓 |
| 16 | CNQ | Canadian Natural Resources | +0.1% | +179.17% | 加仓 |
| 17 | LIN | Linde plc | -0.1% | -1.51% | 减仓 |
| 18 | HWM | Howmet Aerospace Inc | -0.1% | -15.55% | 减仓 |
| 19 | GWRE | Guidewire Software Inc | -0.1% | -11.58% | 减仓 |
| 20 | MRSH | Marsh & Mclennan Cos | -0.1% | -8.57% | 减仓 |
| 21 | V | Visa Inc-class A Shares | -0.1% | -16.73% | 减仓 |
| 22 | CVX | Chevron CORP | -0.1% | -17.07% | 减仓 |
| 23 | TT | Trane Technologies plc | -0.1% | -24.03% | 减仓 |
| 24 | TYL | Tyler Technologies Inc | -0.1% | -52.86% | 减仓 |
| 25 | TEAM | Atlassian Corp-cl A | -0.1% | -80.39% | 减仓 |
| 26 | VST | Vistra CORP | -0.1% | -8.11% | 减仓 |
| 27 | CDNS | Cadence Design Sys Inc | -0.1% | -9.79% | 减仓 |
| 28 | DXCM | Dexcom Inc | -0.1% | -85.85% | 减仓 |
| 29 | NVDA | Nvidia CORP | -0.1% | -6.37% | 减仓 |
| 30 | SO | Southern Co/the | -0.1% | -17.71% | 减仓 |
| 31 | ABBV | Abbvie Inc | -0.1% | -21.49% | 减仓 |
| 32 | SU | Suncor Energy Inc | -0.1% | -56.83% | 减仓 |
| 33 | CSGP | Costar Group Inc | -0.1% | -57.34% | 减仓 |
| 34 | AMT | American Tower CORP | -0.1% | -64.36% | 减仓 |
| 35 | AJG | Arthur J Gallagher & Co | -0.1% | -89.88% | 减仓 |
| 36 | FISV | Fiserv Inc | -0.2% | -75.22% | 减仓 |
| 37 | VEEV | Veeva Systems Inc-class A | -0.2% | -78.19% | 减仓 |
| 38 | SPOT | Spotify Technology S.A. | -0.2% | -26.40% | 减仓 |
| 39 | MDLZ | Mondelez International Inc-a | -0.3% | -84.59% | 减仓 |
| 40 | NFLX | Netflix Inc | -0.3% | +430.58% | 加仓 |
| 41 | ETN | Eaton Corporation plc | -0.3% | -24.51% | 减仓 |
| 42 | TSM | Taiwan Semiconductor-sp Adr | -0.4% | -35.61% | 减仓 |
| 43 | MSFT | Microsoft CORP | -0.7% | -10.74% | 减仓 |
| 44 | META | Meta Platforms Inc-class A | -0.7% | -37.13% | 减仓 |
| 45 | TTE | TotalEnergies SE | — | NEW | 新建仓 |
| 46 | CMCSA | Comcast Corp-class A | — | EXIT | 清仓 |
| 47 | MDLN | Medline Inc-cl A | — | NEW | 新建仓 |
| 48 | ✓ | Comcast CORP New | — | NEW | 新建仓 |
| 49 | COHR | Coherent CORP | — | NEW | 新建仓 |
| 50 | ALAB | Astera Labs Inc | — | EXIT | 清仓 |
根据 SEC 官方 Form 13F 申报备案，Massachusetts Financial Services Co /ma/ 在 Q4 2025 季度的美股持仓总市值约为 US$3127.5亿，共申报了 916 个公开持股仓位。
在 Q4 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 (4.2%)、NVDA (4.0%)、GOOGL (2.5%)。其中最大持股仓位 MSFT 占据整体投资组合约 4.2% 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
TTE
市值: US$26.4亿
本季最大获利了结 / 清仓标的
CMCSA
前期市值: US$5.3亿
在 Q4 2025 季度中，Massachusetts Financial Services Co /ma/ 共进行了 50 项持仓异动，包含新建仓 4 个仓位、加仓 17 个仓位、减仓 27 个仓位以及清仓 2 个仓位。 其中最大新建仓标的为 TTE。 本季清仓仓位包含 CMCSA。
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。