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: 0002033920
申报总市值
US$3.4亿
US$3.4亿
68 檔
40.0%
在 Q4 2025 的 13F 官方备案中，Orion Investment Co 管理的美股投资组合规模来到 US$3.4亿，整体持股档数为 68 档。
在 Q4 2025，Orion Investment Co 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 27 个既有持股进行加仓（合计增持 28 档），相较减仓与清仓仓位显著占优。
在资产配置集中度方面，Orion Investment Co 的前 5 大核心持股（包含 MSFT, PLTR, REGN 等）合计占整体申报市值的 40.0%，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 | MSFT | Microsoft CORP | 股票-科技 | 15.55% | -1.37% | +0.04% | |
| 2 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 7.28% | -1.68% | +0.08% | |
| 3 | REGN | Regeneron Pharmaceuticals | 股票-医疗保健 | 7.25% | -2.19% | +0.57% | |
| 4 | QCOM | Qualcomm Inc | 股票-科技 | 6.29% | +1.29% | -0.21% | |
| 5 | IONS | Ionis Pharmaceuticals Inc | 股票-医疗保健 | 5.43% | -0.26% | +0.20% | |
| 6 | IONQ | Ionq Inc | 股票-科技 | 3.79% | +1.80% | +0.71% | |
| 7 | PH | Parker Hannifin CORP | 股票-工业 | 3.69% | +0.02% | -0.01% | |
| 8 | CMI | Cummins Inc | 股票-工业 | 3.54% | +0.81% | +0.33% | |
| 9 | XOM | Exxon Mobil CORP | 股票-能源 | 3.11% | -1.20% | -0.03% | |
| 10 | PG | Procter & Gamble Co/the | 股票-非周期性消费 | 2.58% | -0.16% | +0.02% | |
| 11 | NEE | Nextera Energy Inc | 股票-公用事业 | 2.51% | -0.37% | +0.62% | |
| 12 | ABT | Abbott Laboratories | 股票-医疗保健 | 2.43% | -1.70% | -0.02% | |
| 13 | SHOP | Shopify Inc - Class A | 股票-科技 | 2.43% | -0.21% | +1.56% | |
| 14 | HSY | Hershey Co/the | 股票-非周期性消费 | 2.13% | -0.57% | +0.09% | |
| 15 | BIIB | Biogen Inc | 股票-医疗保健 | 2.11% | +0.19% | -0.06% | |
| 16 | GD | General Dynamics CORP | 股票-工业 | 2.04% | -0.09% | +0.03% | |
| 17 | RGLD | Royal Gold Inc | 股票-原材料 | 2.02% | -0.67% | +7.46% | |
| 18 | ASML | ASML Holding N.V. | 股票-科技 | 1.74% | +0.85% | +0.04% | |
| 19 | INTC | Intel CORP | 股票-科技 | 1.68% | +4.02% | -0.18% | |
| 20 | IOVA | Iovance Biotherapeutics Inc | 股票-其他 | 1.54% | +0.22% | +0.28% | |
| 21 | CCJ | Cameco CORP | 股票-能源 | 1.46% | -0.25% | +3.28% | |
| 22 | HII | Huntington Ingalls Industrie | 股票-工业 | 1.29% | -0.43% | -0.64% | |
| 23 | AAPL | Apple Inc | 股票-科技 | 1.19% | +0.05% | +0.29% | |
| 24 | VOO | Vanguard S&p 500 ETF | ETF-大型股与成长 | 1.12% | +0.26% | +2.28% | |
| 25 | RGTI | Rigetti Computing Inc | 股票-科技 | 1.09% | +0.42% | +15.83% | |
| 26 | CDNS | Cadence Design Sys Inc | 股票-科技 | 1.02% | +0.26% | +2.47% | |
| 27 | CNI | Canadian Natl Railway Co | 股票-工业 | 0.97% | -0.02% | -2.30% | |
| 28 | ATO | Atmos Energy CORP | 股票-公用事业 | 0.95% | -0.10% | +5.61% | |
| 29 | ARWR | Arrowhead Pharmaceuticals In | 股票-医疗保健 | 0.94% | +0.33% | — | |
| 30 | NEM | Newmont CORP | 股票-原材料 | 0.86% | -0.21% | +0.90% | |
| 31 | MRK | Merck & Co. Inc. | 股票-医疗保健 | 0.66% | -0.03% | — | |
| 32 | PANW | Palo Alto Networks Inc | 股票-科技 | 0.59% | +0.53% | +0.07% | |
| 33 | EFX | Equifax Inc | 股票-工业 | 0.59% | -0.10% | — | |
| 34 | NOW | Servicenow Inc | 股票-科技 | 0.56% | -0.05% | +397.72% | |
| 35 | IBOC | International Bancshares Crp | 股票-其他 | 0.51% | -0.03% | — | |
| 36 | SR | Spire Inc | 股票-公用事业 | 0.45% | -0.11% | — | |
| 37 | ABBV | Abbvie Inc | 股票-医疗保健 | 0.43% | +0.03% | — | |
| 38 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 0.42% | +0.06% | -1.04% | |
| 39 | AVGO | Broadcom Inc | 股票-科技 | 0.41% | +0.61% | +0.93% | |
| 40 | AEE | Ameren Corporation | 股票-公用事业 | 0.41% | -0.02% | -0.74% | |
| 41 | EMR | Emerson Electric Co | 股票-工业 | 0.37% | +0.01% | — | |
| 42 | BMY | Bristol-myers Squibb Co | 股票-医疗保健 | 0.36% | -0.14% | -9.44% | |
| 43 | AMZN | Amazon.com Inc | 股票-周期性消费 | 0.35% | +0.01% | +0.49% | |
| 44 | EPD | Enterprise Products Partners | 股票-能源 | 0.35% | -0.01% | +6.60% | |
| 45 | JNJ | Johnson & Johnson | 股票-医疗保健 | 0.31% | -0.02% | -2.31% | |
| 46 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.26% | -0.01% | — | |
| 47 | ARLP | Alliance Resource Partners | 股票-其他 | 0.24% | -0.08% | +21.07% | |
| 48 | GOOG | Alphabet Inc-cl C | 股票-通信服务 | 0.23% | +0.03% | -1.63% | |
| 49 | CBSH | Commerce Bancshares Inc | 股票-金融 | 0.19% | +0.02% | +5.00% | |
| 50 | OKLO | Oklo Inc | 股票-公用事业 | 0.18% | +0.21% | -1.48% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | REGN | Regeneron Pharmaceuticals | +1.8% | +0.57% | 加仓 |
| 2 | IONS | Ionis Pharmaceuticals Inc | +0.8% | +0.20% | 加仓 |
| 3 | CMI | Cummins Inc | +0.5% | +0.33% | 加仓 |
| 4 | PH | Parker Hannifin CORP | +0.4% | -0.01% | 减仓 |
| 5 | BIIB | Biogen Inc | +0.4% | -0.06% | 减仓 |
| 6 | IOVA | Iovance Biotherapeutics Inc | +0.3% | +0.28% | 加仓 |
| 7 | RGLD | Royal Gold Inc | +0.3% | +7.46% | 加仓 |
| 8 | HII | Huntington Ingalls Industrie | +0.1% | -0.64% | 减仓 |
| 9 | SHOP | Shopify Inc - Class A | +0.1% | +1.56% | 加仓 |
| 10 | CCJ | Cameco CORP | +0.1% | +3.28% | 加仓 |
| 11 | NEM | Newmont CORP | +0.1% | +0.90% | 加仓 |
| 12 | MRK | Merck & Co. Inc. | +0.1% | — | 不变 |
| 13 | ASML | ASML Holding N.V. | +0.1% | +0.04% | 加仓 |
| 14 | INTC | Intel CORP | +0.1% | -0.18% | 减仓 |
| 15 | GOOGL | Alphabet Inc-cl A | +0.1% | -1.04% | 减仓 |
| 16 | XOM | Exxon Mobil CORP | +0.1% | -0.03% | 减仓 |
| 17 | NEE | Nextera Energy Inc | +0.1% | +0.62% | 加仓 |
| 18 | GOOG | Alphabet Inc-cl C | 0% | -1.63% | 减仓 |
| 19 | LLY | Eli Lilly & Co | 0% | -2.12% | 减仓 |
| 20 | AAPL | Apple Inc | 0% | +0.29% | 加仓 |
| 21 | EPD | Enterprise Products Partners | 0% | +6.60% | 加仓 |
| 22 | JNJ | Johnson & Johnson | 0% | -2.31% | 减仓 |
| 23 | VOO | Vanguard S&p 500 ETF | 0% | +2.28% | 加仓 |
| 24 | BMY | Bristol-myers Squibb Co | 0% | -9.44% | 减仓 |
| 25 | ARLP | Alliance Resource Partners | 0% | +21.07% | 加仓 |
| 26 | IBOC | International Bancshares Crp | 0% | — | 不变 |
| 27 | AMZN | Amazon.com Inc | 0% | +0.49% | 加仓 |
| 28 | AVGO | Broadcom Inc | — | +0.93% | 加仓 |
| 29 | ATO | Atmos Energy CORP | 0% | +5.61% | 加仓 |
| 30 | CNI | Canadian Natl Railway Co | 0% | -2.30% | 减仓 |
| 31 | MO | Altria Group Inc | 0% | — | 不变 |
| 32 | AEE | Ameren Corporation | 0% | -0.74% | 减仓 |
| 33 | PANW | Palo Alto Networks Inc | -0.1% | +0.07% | 加仓 |
| 34 | QCOM | Qualcomm Inc | -0.1% | -0.21% | 减仓 |
| 35 | OKLO | Oklo Inc | -0.1% | -1.48% | 减仓 |
| 36 | GD | General Dynamics CORP | -0.1% | +0.03% | 加仓 |
| 37 | EFX | Equifax Inc | -0.1% | — | 不变 |
| 38 | CDNS | Cadence Design Sys Inc | -0.1% | +2.47% | 加仓 |
| 39 | NOW | Servicenow Inc | -0.2% | +397.72% | 加仓 |
| 40 | HSY | Hershey Co/the | -0.2% | +0.09% | 加仓 |
| 41 | RGTI | Rigetti Computing Inc | -0.2% | +15.83% | 加仓 |
| 42 | ABT | Abbott Laboratories | -0.3% | -0.02% | 减仓 |
| 43 | PG | Procter & Gamble Co/the | -0.3% | +0.02% | 加仓 |
| 44 | PLTR | Palantir Technologies Inc-a | -0.5% | +0.08% | 加仓 |
| 45 | IONQ | Ionq Inc | -1.6% | +0.71% | 加仓 |
| 46 | MSFT | Microsoft CORP | -1.8% | +0.04% | 加仓 |
| 47 | ARWR | Arrowhead Pharmaceuticals In | — | NEW | 新建仓 |
| 48 | PYPL | Paypal Holdings Inc | — | EXIT | 清仓 |
| 49 | ORCL | Oracle CORP | — | EXIT | 清仓 |
| 50 | PEP | Pepsico Inc | — | EXIT | 清仓 |
根据 SEC 官方 Form 13F 申报备案，Orion Investment Co 在 Q4 2025 季度的美股持仓总市值约为 US$3.4亿，共申报了 68 个公开持股仓位。
在 Q4 2025 季度，Orion Investment Co 按市值排列的前三大核心持股分别为：MSFT (15.6%)、PLTR (7.3%)、REGN (7.3%)。其中最大持股仓位 MSFT 占据整体投资组合约 15.6% 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
ARWR
市值: US$307.9万
本季最大获利了结 / 清仓标的
PYPL
前期市值: US$59.4万
在 Q4 2025 季度中，Orion Investment Co 共进行了 46 项持仓异动，包含新建仓 1 个仓位、加仓 27 个仓位、减仓 15 个仓位以及清仓 3 个仓位。 其中最大新建仓标的为 ARWR。 本季清仓仓位包含 PYPL。
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。