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: 0001491998
申报总市值
US$18.5亿
US$18.5亿
74 檔
11.3%
Ninety One SA 在 Q2 2025 季度的美股仓位总计估值为 US$18.5亿，分散于 74 个持仓标的之中，反映其市场参与广度与投资规模。
Ninety One SA 在 Q2 2025 进行了结构性的板块轮动与仓位换股。在开立 8 个全新仓位及加仓 17 档持股的同时，亦同步清仓 6 档并减仓 15 档标的。
在资产配置集中度方面，Ninety One SA 的前 5 大核心持股（包含 BRK-A, MSFT, TSM 等）合计占整体申报市值的 11.3%，反映机构在主要关键仓位上的权重分布。
| # | 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 | BRK-A | Berkshire Hathaway Inc-cl A | 股票-其他 | 10.92% | +0.88% | — | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 7.69% | +1.26% | -0.41% | |
| 3 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 5.90% | +0.38% | +117.18% | |
| 4 | AMZN | Amazon.com Inc | 股票-周期性消费 | 5.58% | +0.30% | -21.21% | |
| 5 | BKNG | Booking Holdings Inc | 股票-周期性消费 | 4.19% | +0.70% | +0.47% | |
| 6 | GS | Goldman Sachs Group Inc | 股票-金融 | 4.15% | -0.01% | — | |
| 7 | V | Visa Inc-class A Shares | 股票-金融 | 3.63% | +0.38% | -27.54% | |
| 8 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 3.61% | +0.33% | -0.46% | |
| 9 | NVDA | Nvidia CORP | 股票-科技 | 3.34% | +1.24% | +28.93% | |
| 10 | ADSK | Autodesk Inc | 股票-科技 | 2.79% | +0.01% | +0.34% | |
| 11 | NFLX | Netflix Inc | 股票-通信服务 | 2.77% | — | — | |
| 12 | JNJ | Johnson & Johnson | 股票-医疗保健 | 2.50% | +0.36% | +46.25% | |
| 13 | PM | Philip Morris International | 股票-非周期性消费 | 2.32% | -0.24% | -0.11% | |
| 14 | TECK | Teck Resources Ltd-cls B | 股票-原材料 | 2.14% | — | +425.09% | |
| 15 | TKO | Tko Group Holdings Inc | 股票-通信服务 | 2.12% | +0.16% | -0.46% | |
| 16 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.88% | +0.10% | -61.42% | |
| 17 | EW | Edwards Lifesciences CORP | 股票-医疗保健 | 1.79% | +0.42% | -3.59% | |
| 18 | INTU | Intuit Inc | 股票-科技 | 1.65% | -0.02% | +220.52% | |
| 19 | MCO | Moody's CORP | 股票-金融 | 1.54% | +0.12% | +0.83% | |
| 20 | TTWO | Take-two Interactive Softwre | 股票-通信服务 | 1.53% | +0.19% | -0.25% | |
| 21 | AVGO | Broadcom Inc | 股票-科技 | 1.47% | +0.28% | -1.96% | |
| 22 | EA | Electronic Arts Inc | 股票-通信服务 | 1.36% | -0.01% | +0.77% | |
| 23 | MA | Mastercard Inc - A | 股票-金融 | 1.34% | +0.18% | -0.46% | |
| 24 | NTES | Netease Inc-adr | 股票-通信服务 | 1.29% | +0.16% | — | |
| 25 | VRSK | Verisk Analytics Inc | 股票-工业 | 1.29% | +0.23% | +0.97% | |
| 26 | J | Jacobs Solutions Inc | 股票-工业 | 1.16% | +0.18% | +34.19% | |
| 27 | ACM | Aecom | 股票-工业 | 1.11% | — | — | |
| 28 | VRSN | Verisign Inc | 股票-科技 | 1.03% | -0.13% | -24.13% | |
| 29 | SNX | TD Synnex CORP | 股票-科技 | 1.00% | +0.44% | +1.93% | |
| 30 | SPGI | S&p Global Inc | 股票-金融 | 0.98% | +0.28% | +1.07% | |
| 31 | TMO | Thermo Fisher Scientific Inc | 股票-医疗保健 | 0.97% | +0.05% | -0.27% | |
| 32 | HDB | Hdfc Bank Ltd-adr | 股票-金融 | 0.94% | — | +49.59% | |
| 33 | CHKP | Check Point Software Technologies Ltd. | 股票-科技 | 0.93% | +0.03% | — | |
| 34 | LNG | Cheniere Energy Inc | 股票-能源 | 0.93% | — | +1044.99% | |
| 35 | CRH | CRH plc | 股票-原材料 | 0.92% | +0.24% | -0.37% | |
| 36 | CNI | Canadian Natl Railway Co | 股票-工业 | 0.84% | — | -3.50% | |
| 37 | OKTA | Okta Inc | 股票-科技 | 0.81% | — | +57.91% | |
| 38 | PLNT | Planet Fitness Inc - Cl A | 股票-周期性消费 | 0.81% | -0.49% | +7.89% | |
| 39 | ICLR | ICON Public Limited Company | 股票-医疗保健 | 0.78% | — | — | |
| 40 | TW | Tradeweb Markets Inc-class A | 股票-金融 | 0.64% | -0.27% | — | |
| 41 | AMT | American Tower CORP | 股票-房地产 | 0.64% | -0.01% | EXIT | |
| 42 | Z | Zillow Group Inc - C | 股票-通信服务 | 0.56% | -0.12% | — | |
| 43 | IDXX | Idexx Laboratories Inc | 股票-医疗保健 | 0.55% | — | +3.56% | |
| 44 | PINS | Pinterest Inc- Class A | 股票-通信服务 | 0.52% | — | -0.49% | |
| 45 | TWLO | Twilio Inc - A | 股票-科技 | 0.52% | — | — | |
| 46 | TSLA | Tesla Inc | 股票-周期性消费 | 0.49% | +0.13% | -43.02% | |
| 47 | NEM | Newmont CORP | 股票-原材料 | 0.49% | +0.02% | — | |
| 48 | GM | General Motors Co | 股票-周期性消费 | 0.49% | +0.53% | -0.57% | |
| 49 | DAL | Delta Air Lines Inc | 股票-工业 | 0.46% | +0.30% | -0.31% | |
| 50 | RBLX | Roblox CORP -class A | 股票-通信服务 | 0.44% | — | -40.14% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | GS | Goldman Sachs Group Inc | +4.2% | NEW | 新建仓 |
| 2 | TSM | Taiwan Semiconductor-sp Adr | +3.7% | +117.18% | 加仓 |
| 3 | NFLX | Netflix Inc | +2.8% | NEW | 新建仓 |
| 4 | TECK | Teck Resources Ltd-cls B | +1.7% | +425.09% | 加仓 |
| 5 | NVDA | Nvidia CORP | +1.3% | +28.93% | 加仓 |
| 6 | INTU | Intuit Inc | +1.2% | +220.52% | 加仓 |
| 7 | MSFT | Microsoft CORP | +1.2% | -0.41% | 减仓 |
| 8 | LNG | Cheniere Energy Inc | +0.8% | +1044.99% | 加仓 |
| 9 | TW | Tradeweb Markets Inc-class A | +0.6% | NEW | 新建仓 |
| 10 | TWLO | Twilio Inc - A | +0.5% | NEW | 新建仓 |
| 11 | BKNG | Booking Holdings Inc | +0.5% | +0.47% | 加仓 |
| 12 | NEM | Newmont CORP | +0.5% | NEW | 新建仓 |
| 13 | AVGO | Broadcom Inc | +0.4% | -1.96% | 减仓 |
| 14 | JNJ | Johnson & Johnson | +0.4% | +46.25% | 加仓 |
| 15 | HDB | Hdfc Bank Ltd-adr | +0.3% | +49.59% | 加仓 |
| 16 | J | Jacobs Solutions Inc | +0.3% | +34.19% | 加仓 |
| 17 | OKTA | Okta Inc | +0.2% | +57.91% | 加仓 |
| 18 | NTES | Netease Inc-adr | +0.2% | — | 不变 |
| 19 | SNX | TD Synnex CORP | +0.2% | +1.93% | 加仓 |
| 20 | ADSK | Autodesk Inc | +0.1% | +0.34% | 加仓 |
| 21 | BSX | Boston Scientific CORP | +0.1% | NEW | 新建仓 |
| 22 | TKO | Tko Group Holdings Inc | +0.1% | -0.46% | 减仓 |
| 23 | ACM | Aecom | +0.1% | — | 不变 |
| 24 | IDXX | Idexx Laboratories Inc | +0.1% | +3.56% | 加仓 |
| 25 | B | Barrick Mining CORP | +0.1% | NEW | 新建仓 |
| 26 | AER | AerCap Holdings N.V. | +0.1% | NEW | 新建仓 |
| 27 | TTWO | Take-two Interactive Softwre | +0.1% | -0.25% | 减仓 |
| 28 | PLNT | Planet Fitness Inc - Cl A | +0.1% | +7.89% | 加仓 |
| 29 | GOOGL | Alphabet Inc-cl A | +0.1% | -0.46% | 减仓 |
| 30 | EL | Estee Lauder Companies-cl A | +0.1% | +3.56% | 加仓 |
| 31 | PM | Philip Morris International | 0% | -0.11% | 减仓 |
| 32 | PINS | Pinterest Inc- Class A | 0% | -0.49% | 减仓 |
| 33 | EA | Electronic Arts Inc | 0% | +0.77% | 加仓 |
| 34 | MCO | Moody's CORP | -0.1% | +0.83% | 加仓 |
| 35 | VALE | Vale Sa-sp Adr | -0.1% | EXIT | 清仓 |
| 36 | ABX | Barrick Gold CORP | -0.1% | EXIT | 清仓 |
| 37 | EW | Edwards Lifesciences CORP | -0.2% | -3.59% | 减仓 |
| 38 | ICLR | ICON Public Limited Company | -0.3% | — | 不变 |
| 39 | TSLA | Tesla Inc | -0.3% | -43.02% | 减仓 |
| 40 | VRSN | Verisign Inc | -0.3% | -24.13% | 减仓 |
| 41 | TMO | Thermo Fisher Scientific Inc | -0.4% | -0.27% | 减仓 |
| 42 | EPAM | Epam Systems Inc | -0.4% | EXIT | 清仓 |
| 43 | COIN | Coinbase Global Inc -class A | -0.8% | EXIT | 清仓 |
| 44 | AMZN | Amazon.com Inc | -1.2% | -21.21% | 减仓 |
| 45 | AAPL | Apple Inc | -1.3% | -91.61% | 减仓 |
| 46 | V | Visa Inc-class A Shares | -1.9% | -27.54% | 减仓 |
| 47 | BRK-A | Berkshire Hathaway Inc-cl A | -2.4% | — | 不变 |
| 48 | JPM | Jpmorgan Chase & Co | -2.7% | -61.42% | 减仓 |
| 49 | META | Meta Platforms Inc-class A | -2.9% | EXIT | 清仓 |
| 50 | KGC | Kinross Gold CORP | -5.4% | EXIT | 清仓 |
根据 SEC 官方 Form 13F 申报备案，Ninety One SA 在 Q2 2025 季度的美股持仓总市值约为 US$18.5亿，共申报了 74 个公开持股仓位。
在 Q2 2025 季度，Ninety One SA 按市值排列的前三大核心持股分别为：BRK-A (10.9%)、MSFT (7.7%)、TSM (5.9%)。其中最大持股仓位 BRK-A 占据整体投资组合约 10.9% 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
GS
市值: US$2528.3万
本季最大获利了结 / 清仓标的
KGC
前期市值: US$2889.8万
在 Q2 2025 季度中，Ninety One SA 共进行了 46 项持仓异动，包含新建仓 8 个仓位、加仓 17 个仓位、减仓 15 个仓位以及清仓 6 个仓位。 其中最大新建仓标的为 GS。 本季清仓仓位包含 KGC。
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。