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: 0000926171
申报总市值
US$1349.7亿
US$1349.7亿
2868 檔
14.5%
在 Q4 2025 的 13F 官方备案中，National Bank Of Canada /fi/ 管理的美股投资组合规模来到 US$1349.7亿，整体持股档数为 2868 档。
在 Q4 2025，National Bank Of Canada /fi/ 操作展现出积极扩展与加仓意向。本季共新建仓 1 个新仓位，并对 32 个既有持股进行加仓（合计增持 33 档），相较减仓与清仓仓位显著占优。
在资产配置集中度方面，National Bank Of Canada /fi/ 的前 5 大核心持股（包含 NVDA, MSFT, AAPL 等）合计占整体申报市值的 14.5%，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 2868 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 | NVDA | Nvidia CORP | 股票-科技 | 5.03% | -1.17% | +6.20% | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 4.80% | -1.21% | +20.21% | |
| 3 | AAPL | Apple Inc | 股票-科技 | 3.89% | -1.78% | -17.23% | |
| 4 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 3.06% | -0.05% | +45.97% | |
| 5 | RY | Royal Bank Of Canada | 股票-金融 | 2.83% | -0.10% | -10.16% | |
| 6 | META | Meta Platforms Inc-class A | 股票-通信服务 | 2.76% | +0.67% | +55.05% | |
| 7 | AVGO | Broadcom Inc | 股票-科技 | 2.57% | +0.19% | +4.28% | |
| 8 | AMZN | Amazon.com Inc | 股票-周期性消费 | 2.49% | +0.06% | -9.96% | |
| 9 | TD | Toronto-dominion Bank | 股票-金融 | 2.42% | -0.08% | -14.36% | |
| 10 | TSLA | Tesla Inc | 股票-周期性消费 | 2.40% | -0.70% | +55.44% | |
| 11 | GOOG | Alphabet Inc-cl C | 股票-通信服务 | 1.98% | -0.33% | +49.89% | |
| 12 | SHOP | Shopify Inc - Class A | 股票-科技 | 1.52% | -0.66% | -4.35% | |
| 13 | BMO | Bank Of Montreal | 股票-金融 | 1.43% | -0.09% | -2.21% | |
| 14 | BNS | Bank Of Nova Scotia | 股票-金融 | 1.32% | -0.12% | +4.17% | |
| 15 | CM | Can Imperial Bk Of Commerce | 股票-金融 | 1.23% | -0.07% | -2.47% | |
| 16 | BN | Brookfield CORP | 股票-金融 | 1.06% | -0.20% | +15.39% | |
| 17 | MU | Micron Technology Inc | 股票-科技 | 0.98% | +1.33% | +97.13% | |
| 18 | ENB | Enbridge Inc | 股票-能源 | 0.96% | -0.22% | +7.86% | |
| 19 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.90% | -0.22% | -10.62% | |
| 20 | MFC | Manulife Financial CORP | 股票-金融 | 0.80% | -0.09% | -22.29% | |
| 21 | UNH | Unitedhealth Group Inc | 股票-医疗保健 | 0.77% | -0.53% | -17.45% | |
| 22 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.74% | +0.02% | +19.01% | |
| 23 | ORCL | Oracle CORP | 股票-科技 | 0.69% | -0.22% | +184.47% | |
| 24 | COST | Costco Wholesale CORP | 股票-非周期性消费 | 0.68% | -0.14% | +30.99% | |
| 25 | LLY | Eli Lilly & Co | 股票-医疗保健 | 0.67% | +0.05% | +5.13% | |
| 26 | CNI | Canadian Natl Railway Co | 股票-工业 | 0.66% | -0.08% | -2.92% | |
| 27 | AEM | Agnico Eagle Mines LTD | 股票-原材料 | 0.64% | -0.29% | -15.51% | |
| 28 | CNQ | Canadian Natural Resources | 股票-能源 | 0.63% | -0.03% | +45.32% | |
| 29 | TRP | Tc Energy CORP | 股票-能源 | 0.62% | -0.15% | +7.41% | |
| 30 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.58% | +0.20% | -10.15% | |
| 31 | HON | Honeywell International Inc | 股票-工业 | 0.55% | -0.65% | EXIT | |
| 32 | NFLX | Netflix Inc | 股票-通信服务 | 0.54% | -0.07% | +1749.40% | |
| 33 | CP | Canadian Pacific Kansas City | 股票-工业 | 0.52% | -0.10% | -7.96% | |
| 34 | BCE | Bce Inc | 股票-通信服务 | 0.51% | -0.16% | +5.01% | |
| 35 | CSCO | Cisco Systems Inc | 股票-科技 | 0.51% | -0.01% | +36.98% | |
| 36 | SU | Suncor Energy Inc | 股票-能源 | 0.51% | -0.23% | +41.24% | |
| 37 | WMT | Walmart Inc | 股票-非周期性消费 | 0.50% | -0.30% | +10.60% | |
| 38 | CTSH | Cognizant Tech Solutions-a | 股票-科技 | 0.48% | -0.08% | +0.54% | |
| 39 | MA | Mastercard Inc - A | 股票-金融 | 0.45% | -0.05% | +2.21% | |
| 40 | GE | General Electric | 股票-工业 | 0.43% | +0.06% | +151.00% | |
| 41 | PEP | Pepsico Inc | 股票-非周期性消费 | 0.43% | -0.16% | -8.34% | |
| 42 | ABBV | Abbvie Inc | 股票-医疗保健 | 0.42% | -0.04% | -3.66% | |
| 43 | AMD | Advanced Micro Devices | 股票-科技 | 0.40% | -0.22% | -18.12% | |
| 44 | SLF | Sun Life Financial Inc | 股票-金融 | 0.39% | -0.07% | -12.22% | |
| 45 | WPM | Wheaton Precious Metals CORP | 股票-原材料 | 0.39% | -0.13% | -14.59% | |
| 46 | JNJ | Johnson & Johnson | 股票-医疗保健 | 0.39% | -0.17% | +67.38% | |
| 47 | FTS | Fortis Inc | 股票-公用事业 | 0.38% | -0.08% | +4.86% | |
| 48 | LRCX | Lam Research CORP | 股票-科技 | 0.37% | -0.07% | -12.32% | |
| 49 | RCI | Rogers Communications Inc-b | 股票-其他 | 0.37% | -0.17% | +15.08% | |
| 50 | WCN | Waste Connections Inc | 股票-工业 | 0.36% | -0.06% | -6.34% |
| # | 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 | +1.2% | +45.97% | 加仓 |
| 2 | GOOG | Alphabet Inc-cl C | +0.8% | +49.89% | 加仓 |
| 3 | GOOG | Alphabet Inc. | +0.7% | +246.01% | 加仓 |
| 4 | TSLA | Tesla Inc | +0.7% | +55.44% | 加仓 |
| 5 | MU | Micron Technology Inc | +0.6% | +97.13% | 加仓 |
| 6 | MSFT | Microsoft Corporation | +0.6% | +481.85% | 加仓 |
| 7 | NVDA | NVIDIA Corporation | +0.6% | +605.91% | 加仓 |
| 8 | META | Meta Platforms Inc-class A | +0.5% | +55.05% | 加仓 |
| 9 | TSLA | Tesla, Inc. | +0.5% | +133.02% | 加仓 |
| 10 | ORCL | Oracle CORP | +0.3% | +184.47% | 加仓 |
| 11 | GE | General Electric | +0.2% | +151.00% | 加仓 |
| 12 | NFLX | Netflix, Inc. | +0.2% | +13869.50% | 加仓 |
| 13 | CLS | Celestica Inc | +0.2% | +365.27% | 加仓 |
| 14 | QQQ | Invesco Qqq Trust Series 1 | +0.2% | +208.16% | 加仓 |
| 15 | CNQ | Canadian Natural Resources | +0.2% | +45.32% | 加仓 |
| 16 | LLY | Eli Lilly & Co | +0.2% | +5.13% | 加仓 |
| 17 | UBS | UBS Group AG | +0.2% | +10691.48% | 加仓 |
| 18 | CSCO | Cisco Systems Inc | +0.1% | +36.98% | 加仓 |
| 19 | JNJ | Johnson & Johnson | +0.1% | +67.38% | 加仓 |
| 20 | WBD | Warner Bros Discovery Inc | +0.1% | +289.20% | 加仓 |
| 21 | AVGO | Broadcom Inc. | +0.1% | +321.48% | 加仓 |
| 22 | ✓ | Palantir Technologies Inc | +0.1% | +143.68% | 加仓 |
| 23 | VEA | Vanguard Ftse Developed ETF | +0.1% | +257.73% | 加仓 |
| 24 | AAPL | Apple Inc. | +0.1% | +31.08% | 加仓 |
| 25 | SU | Suncor Energy Inc | +0.1% | +41.24% | 加仓 |
| 26 | NFLX | Netflix Inc | +0.1% | +1749.40% | 加仓 |
| 27 | MSFT | Microsoft CORP | +0.1% | +20.21% | 加仓 |
| 28 | BNS | Bank Of Nova Scotia | +0.1% | +4.17% | 加仓 |
| 29 | AMZN | Amazon.com, Inc. | +0.1% | +20.71% | 加仓 |
| 30 | AVGO | Broadcom Inc | — | +4.28% | 加仓 |
| 31 | NVDA | Nvidia CORP | -0.2% | +6.20% | 加仓 |
| 32 | CRL | Charles River Laboratories | -0.2% | -97.13% | 减仓 |
| 33 | BAC | Bank Of America CORP | -0.2% | -40.16% | 减仓 |
| 34 | MSFT | Microsoft Corporation | -0.2% | -56.42% | 减仓 |
| 35 | ✓ | Spdr S&P 500 Etf Tr Put Option | -0.2% | -44.10% | 减仓 |
| 36 | UNH | UnitedHealth Group Incorporated | -0.3% | -32.54% | 减仓 |
| 37 | CRM | Salesforce Inc | -0.3% | -55.65% | 减仓 |
| 38 | UNH | Unitedhealth Group Inc | -0.3% | -17.45% | 减仓 |
| 39 | FISV | Fiserv Inc | -0.3% | -99.17% | 减仓 |
| 40 | COIN | Coinbase Global Inc -class A | -0.3% | -94.38% | 减仓 |
| 41 | AMZN | Amazon.com Inc | -0.4% | -9.96% | 减仓 |
| 42 | BN | Brookfield CORP | -0.4% | +15.39% | 加仓 |
| 43 | MSTR | Strategy Inc | -0.5% | -51.01% | 减仓 |
| 44 | VOO | Vanguard S&P 500 ETF | -0.7% | -92.41% | 减仓 |
| 45 | MSTR | Strategy Inc | -0.8% | -87.10% | 减仓 |
| 46 | AAPL | Apple Inc | -0.9% | -17.23% | 减仓 |
| 47 | ✓ | Meta Platforms Inc | — | NEW | 新建仓 |
| 48 | COIN | Coinbase Global, Inc. | — | EXIT | 清仓 |
| 49 | SMHC | VanEck China Semiconductor ETF | — | EXIT | 清仓 |
| 50 | ✓ | Vaneck ETF Trust | — | EXIT | 清仓 |
根据 SEC 官方 Form 13F 申报备案，National Bank Of Canada /fi/ 在 Q4 2025 季度的美股持仓总市值约为 US$1349.7亿，共申报了 2868 个公开持股仓位。
在 Q4 2025 季度，National Bank Of Canada /fi/ 按市值排列的前三大核心持股分别为：NVDA (5.0%)、MSFT (4.8%)、AAPL (3.9%)。其中最大持股仓位 NVDA 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
META PLATFORMS INC
市值: US$5.4亿
本季最大获利了结 / 清仓标的
COIN
前期市值: US$3.8亿
在 Q4 2025 季度中，National Bank Of Canada /fi/ 共进行了 50 项持仓异动，包含新建仓 1 个仓位、加仓 32 个仓位、减仓 14 个仓位以及清仓 3 个仓位。 其中最大新建仓标的为 META PLATFORMS INC。 本季清仓仓位包含 COIN。
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。