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: 0001663865
申报总市值
US$291.0亿
US$291.0亿
78 檔
21.4%
Q2 2025 季度申报显示，Orbis Allan Gray Ltd 披露的美股组合总市值为 US$291.0亿，涵盖 78 个不同之权益投资仓位。
在 Q2 2025，Orbis Allan Gray Ltd 操作展现出积极扩展与加仓意向。本季共新建仓 12 个新仓位，并对 40 个既有持股进行加仓（合计增持 52 档），相较减仓与清仓仓位显著占优。
在资产配置集中度方面，Orbis Allan Gray Ltd 的前 5 大核心持股（包含 QXO, CPAY, ELV 等）合计占整体申报市值的 21.4%，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 | QXO | Qxo Inc | 股票-工业 | 10.08% | -1.67% | -11.99% | |
| 2 | CPAY | Corpay Inc | 股票-科技 | 6.22% | -0.37% | +3.33% | |
| 3 | ELV | Elevance Health Inc | 股票-医疗保健 | 5.40% | +0.01% | +0.23% | |
| 4 | NBIS | Nebius Group N.V. | 股票-其他 | 4.75% | +2.52% | +12.42% | |
| 5 | SW | Smurfit Westrock Plc | 股票-周期性消费 | 3.86% | -1.38% | +81.93% | |
| 6 | ALNY | Alnylam Pharmaceuticals Inc | 股票-医疗保健 | 3.36% | +0.20% | +29.76% | |
| 7 | BTI | British American Tob-sp Adr | 股票-非周期性消费 | 3.34% | -0.33% | +20.65% | |
| 8 | KMI | Kinder Morgan, Inc. | 股票-能源 | 3.24% | -0.30% | +3.05% | |
| 9 | GXO | Gxo Logistics Inc | 股票-工业 | 3.12% | -0.60% | -2.22% | |
| 10 | PDD | Pdd Holdings Inc | 股票-周期性消费 | 2.87% | +0.65% | +135.59% | |
| 11 | ITUB | Itau Unibanco H-spon Prf Adr | 股票-金融 | 2.79% | -0.17% | +104.26% | |
| 12 | IBKR | Interactive Brokers Gro-cl A | 股票-金融 | 2.62% | +0.09% | +178.82% | |
| 13 | SHEL | Shell Plc-adr | 股票-能源 | 2.51% | +0.75% | +13.59% | |
| 14 | STE | STERIS plc | 股票-医疗保健 | 2.45% | -0.48% | +36.02% | |
| 15 | RXO | Rxo Inc | 股票-其他 | 2.40% | +1.21% | +3.78% | |
| 16 | NTES | Netease Inc-adr | 股票-通信服务 | 2.30% | -0.15% | -4.30% | |
| 17 | MU | Micron Technology Inc | 股票-科技 | 2.07% | — | +50.23% | |
| 18 | DIS | Walt Disney Co/the | 股票-通信服务 | 2.02% | -0.28% | -6.61% | |
| 19 | XPO | Xpo Inc | 股票-工业 | 1.93% | -0.40% | +16.79% | |
| 20 | UNH | Unitedhealth Group Inc | 股票-医疗保健 | 1.65% | +0.19% | NEW | |
| 21 | MCHP | Microchip Technology Inc | 股票-科技 | 1.59% | — | -39.22% | |
| 22 | CNK | Cinemark Holdings Inc | 股票-其他 | 1.48% | -0.17% | -0.43% | |
| 23 | NEM | Newmont CORP | 股票-原材料 | 1.42% | -0.58% | -11.69% | |
| 24 | AES | Aes CORP | 股票-公用事业 | 1.41% | -0.73% | EXIT | |
| 25 | NU | Nu Holdings Ltd. | 股票-金融 | 1.26% | +0.13% | +28.17% | |
| 26 | BBD | Banco Bradesco-adr | 股票-其他 | 1.22% | — | — | |
| 27 | FSV | Firstservice CORP | 股票-其他 | 1.21% | -0.35% | +0.47% | |
| 28 | GLD | Spdr Gold Shares | ETF-避险与商品 | 1.20% | -0.23% | -14.86% | |
| 29 | RNR | RenaissanceRe Holdings Ltd. | 股票-金融 | 1.17% | -0.22% | -43.28% | |
| 30 | FNV | Franco-nevada CORP | 股票-原材料 | 1.13% | -0.20% | -26.41% | |
| 31 | BRKR | Bruker CORP | 股票-医疗保健 | 0.94% | +0.98% | — | |
| 32 | VALE | Vale Sa-sp Adr | 股票-原材料 | 0.93% | -0.56% | -37.09% | |
| 33 | CX | Cemex Sab-spons Adr Part Cer | 股票-其他 | 0.89% | -0.62% | +90.15% | |
| 34 | BKNG | Booking Holdings Inc | 股票-周期性消费 | 0.86% | +3.10% | -27.63% | |
| 35 | TXN | Texas Instruments Inc | 股票-科技 | 0.82% | — | +425.14% | |
| 36 | GMAB | Genmab A/s -sp Adr | 股票-其他 | 0.80% | -0.39% | +38.69% | |
| 37 | SE | Sea Ltd-adr | 股票-通信服务 | 0.79% | -0.47% | +22.75% | |
| 38 | XPEV | XPeng Inc. | 股票-其他 | 0.79% | — | — | |
| 39 | R | Ryder System Inc | 股票-工业 | 0.78% | -0.33% | +15.43% | |
| 40 | INSM | Insmed Inc | 股票-医疗保健 | 0.75% | +0.94% | — | |
| 41 | IMAX | Imax CORP | 股票-其他 | 0.70% | -0.12% | +31.69% | |
| 42 | CRSP | CRISPR Therapeutics AG | 股票-医疗保健 | 0.65% | -0.21% | +76.88% | |
| 43 | B | Barrick Mining CORP | 股票-原材料 | 0.64% | -0.20% | — | |
| 44 | SYNA | Synaptics Inc | 股票-其他 | 0.58% | +0.12% | -16.93% | |
| 45 | DEO | Diageo Plc-sponsored Adr | 股票-非周期性消费 | 0.57% | +0.16% | +236.61% | |
| 46 | BUR | Burford Capital Limited | 股票-其他 | 0.54% | -0.04% | +6.86% | |
| 47 | WPM | Wheaton Precious Metals CORP | 股票-原材料 | 0.45% | -0.13% | -22.81% | |
| 48 | MAR | Marriott International -cl A | 股票-周期性消费 | 0.41% | -0.13% | — | |
| 49 | PTLO | Portillo's Inc-cl A | 股票-其他 | 0.36% | -0.09% | +6.44% | |
| 50 | MSI | Motorola Solutions Inc | 股票-科技 | 0.36% | -0.01% | -76.15% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | NBIS | Nebius Group N.V. | +2.9% | +12.42% | 加仓 |
| 2 | QXO | Qxo Inc | +1.6% | -11.99% | 减仓 |
| 3 | ITUB | Itau Unibanco H-spon Prf Adr | +1.5% | +104.26% | 加仓 |
| 4 | SW | Smurfit Westrock Plc | +1.3% | +81.93% | 加仓 |
| 5 | PDD | Pdd Holdings Inc | +1.3% | +135.59% | 加仓 |
| 6 | BBD | Banco Bradesco-adr | +1.2% | NEW | 新建仓 |
| 7 | BRKR | Bruker CORP | +0.9% | NEW | 新建仓 |
| 8 | MU | Micron Technology Inc | +0.9% | +50.23% | 加仓 |
| 9 | ALNY | Alnylam Pharmaceuticals Inc | +0.8% | +29.76% | 加仓 |
| 10 | XPEV | XPeng Inc. | +0.8% | NEW | 新建仓 |
| 11 | INSM | Insmed Inc | +0.8% | NEW | 新建仓 |
| 12 | TXN | Texas Instruments Inc | +0.7% | +425.14% | 加仓 |
| 13 | B | Barrick Mining CORP | +0.6% | NEW | 新建仓 |
| 14 | BTI | British American Tob-sp Adr | +0.5% | +20.65% | 加仓 |
| 15 | STE | STERIS plc | +0.5% | +36.02% | 加仓 |
| 16 | CX | Cemex Sab-spons Adr Part Cer | +0.5% | +90.15% | 加仓 |
| 17 | NU | Nu Holdings Ltd. | +0.4% | +28.17% | 加仓 |
| 18 | DEO | Diageo Plc-sponsored Adr | +0.4% | +236.61% | 加仓 |
| 19 | CRSP | CRISPR Therapeutics AG | +0.4% | +76.88% | 加仓 |
| 20 | XPO | Xpo Inc | +0.3% | +16.79% | 加仓 |
| 21 | ICLR | ICON Public Limited Company | +0.2% | NEW | 新建仓 |
| 22 | BWXT | Bwx Technologies Inc | +0.2% | NEW | 新建仓 |
| 23 | SE | Sea Ltd-adr | +0.2% | +22.75% | 加仓 |
| 24 | GMAB | Genmab A/s -sp Adr | +0.2% | +38.69% | 加仓 |
| 25 | NTES | Netease Inc-adr | +0.1% | -4.30% | 减仓 |
| 26 | GXO | Gxo Logistics Inc | +0.1% | -2.22% | 减仓 |
| 27 | IMAX | Imax CORP | +0.1% | +31.69% | 加仓 |
| 28 | NCMI | National Cinemedia Inc | +0.1% | NEW | 新建仓 |
| 29 | PAGS | PagSeguro Digital Ltd. | +0.1% | NEW | 新建仓 |
| 30 | NE | Noble Corporation plc | +0.1% | NEW | 新建仓 |
| 31 | R | Ryder System Inc | +0.1% | +15.43% | 加仓 |
| 32 | GNRC | Generac Holdings Inc | +0.1% | +50.16% | 加仓 |
| 33 | EME | Emcor Group Inc | +0.1% | +61.63% | 加仓 |
| 34 | MTZ | Mastec Inc | +0.1% | +5.11% | 加仓 |
| 35 | CNK | Cinemark Holdings Inc | 0% | -0.43% | 减仓 |
| 36 | KB | Kb Financial Group Inc-adr | 0% | +0.91% | 加仓 |
| 37 | IQV | Iqvia Holdings Inc | 0% | NEW | 新建仓 |
| 38 | NAVI | Navient CORP | 0% | +23.23% | 加仓 |
| 39 | ATKR | Atkore Inc | 0% | +45.01% | 加仓 |
| 40 | ENB | Enbridge Inc | 0% | +24.72% | 加仓 |
| 41 | ✓ | Caledonia Mng CORP PLC | 0% | — | 不变 |
| 42 | TSM | Taiwan Semiconductor-sp Adr | 0% | NEW | 新建仓 |
| 43 | MS | Morgan Stanley | — | +1.03% | 加仓 |
| 44 | DIS | Walt Disney Co/the | 0% | -6.61% | 减仓 |
| 45 | BUR | Burford Capital Limited | 0% | +6.86% | 加仓 |
| 46 | MAR | Marriott International -cl A | 0% | — | 不变 |
| 47 | HDB | Hdfc Bank Ltd-adr | 0% | -7.01% | 减仓 |
| 48 | MCS | Marcus Corporation | 0% | +9.09% | 加仓 |
| 49 | INTC | Intel CORP | 0% | +1.01% | 加仓 |
| 50 | FBIN | Fortune Brands Innovations I | 0% | +32.65% | 加仓 |
根据 SEC 官方 Form 13F 申报备案，Orbis Allan Gray Ltd 在 Q2 2025 季度的美股持仓总市值约为 US$291.0亿，共申报了 78 个公开持股仓位。
在 Q2 2025 季度，Orbis Allan Gray Ltd 按市值排列的前三大核心持股分别为：QXO (10.1%)、CPAY (6.2%)、ELV (5.4%)。其中最大持股仓位 QXO 占据整体投资组合约 10.1% 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
BBD
市值: US$2.5亿
本季最大获利了结 / 清仓标的
GPN
前期市值: US$3.2亿
在 Q2 2025 季度中，Orbis Allan Gray Ltd 共进行了 88 项持仓异动，包含新建仓 12 个仓位、加仓 40 个仓位、减仓 24 个仓位以及清仓 12 个仓位。 其中最大新建仓标的为 BBD。 本季清仓仓位包含 GPN。
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。
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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。