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: 0001053914
申报总市值
US$3.9亿
US$3.9亿
71 檔
24.9%
在 Q3 2025 的 13F 官方备案中，Puzo Michael J 管理的美股投资组合规模来到 US$3.9亿，整体持股档数为 71 档。
在 Q3 2025，Puzo Michael J 展现出较为审慎的避险与获利了结姿态。本季共减仓 35 个仓位并完全清仓 5 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，Puzo Michael J 的前 5 大核心持股（包含 GOOGL, NVDA, AAPL 等）合计占整体申报市值的 24.9%，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 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 5.90% | +0.02% | -1.18% | |
| 2 | NVDA | Nvidia CORP | 股票-科技 | 5.70% | -0.05% | -5.30% | |
| 3 | AAPL | Apple Inc | 股票-科技 | 5.39% | -0.15% | +0.01% | |
| 4 | MSFT | Microsoft CORP | 股票-科技 | 5.22% | -0.40% | -0.24% | |
| 5 | MA | Mastercard Inc - A | 股票-金融 | 4.14% | -0.30% | -4.06% | |
| 6 | RTX | Rtx CORP | 股票-工业 | 3.65% | -0.65% | -2.51% | |
| 7 | AMZN | Amazon.com Inc | 股票-周期性消费 | 3.47% | +0.07% | -0.61% | |
| 8 | ADI | Analog Devices Inc | 股票-科技 | 3.46% | -0.04% | -0.61% | |
| 9 | ABT | Abbott Laboratories | 股票-医疗保健 | 3.38% | -0.61% | +0.72% | |
| 10 | JNJ | Johnson & Johnson | 股票-医疗保健 | 3.36% | -0.46% | -1.68% | |
| 11 | ADP | Automatic Data Processing | 股票-科技 | 3.28% | -0.09% | -1.73% | |
| 12 | TJX | Tjx Companies Inc | 股票-周期性消费 | 3.13% | -0.61% | +0.04% | |
| 13 | PG | Procter & Gamble Co/the | 股票-非周期性消费 | 2.92% | -0.33% | -0.18% | |
| 14 | AMD | Advanced Micro Devices | 股票-科技 | 2.80% | +4.02% | -5.82% | |
| 15 | HD | Home Depot Inc | 股票-周期性消费 | 2.80% | -0.11% | -0.12% | |
| 16 | SBGSY | Schneider Elect Se-unsp Adr | 股票-其他 | 2.64% | +0.14% | +0.39% | |
| 17 | ATR | Aptargroup Inc | 股票-医疗保健 | 2.59% | -0.51% | +0.06% | |
| 18 | XYL | Xylem Inc | 股票-工业 | 2.58% | -0.29% | -0.27% | |
| 19 | ROK | Rockwell Automation Inc | 股票-工业 | 2.58% | +0.53% | -3.30% | |
| 20 | DHR | Danaher CORP | 股票-医疗保健 | 2.52% | -0.31% | +0.33% | |
| 21 | FISV | Fiserv Inc | 股票-其他 | 2.36% | -0.57% | +0.34% | |
| 22 | BRK-A | Berkshire Hathaway Inc-cl A | 股票-其他 | 2.06% | -0.34% | -9.09% | |
| 23 | CVX | Chevron CORP | 股票-能源 | 1.97% | -0.79% | +0.32% | |
| 24 | CARR | Carrier Global CORP | 股票-工业 | 1.86% | -0.31% | -1.04% | |
| 25 | UNH | Unitedhealth Group Inc | 股票-医疗保健 | 1.85% | -0.76% | +17.73% | |
| 26 | VRTX | Vertex Pharmaceuticals Inc | 股票-医疗保健 | 1.66% | +0.04% | +1.05% | |
| 27 | CNI | Canadian Natl Railway Co | 股票-工业 | 1.62% | -0.06% | -10.18% | |
| 28 | LLY | Eli Lilly & Co | 股票-医疗保健 | 1.57% | +0.54% | +65.01% | |
| 29 | MKC | Mccormick & Co-non Vtg Shrs | 股票-非周期性消费 | 1.38% | -0.37% | EXIT | |
| 30 | XOM | Exxon Mobil CORP | 股票-能源 | 1.16% | -0.48% | -0.32% | |
| 31 | UBER | Uber Technologies Inc | 股票-工业 | 1.10% | -0.03% | +24.28% | |
| 32 | AMAT | Applied Materials Inc | 股票-科技 | 0.96% | +2.12% | +85.15% | |
| 33 | AXP | American Express Co | 股票-金融 | 0.96% | +0.26% | +36.03% | |
| 34 | CRM | Salesforce Inc | 股票-科技 | 0.92% | — | +5.92% | |
| 35 | ✓ | Munich Re Group | 股票-其他 | 0.77% | -0.17% | -1.11% | |
| 36 | SCHW | Schwab (charles) CORP | 股票-金融 | 0.62% | -0.04% | +34.45% | |
| 37 | ABBV | Abbvie Inc | 股票-医疗保健 | 0.60% | -0.03% | -0.26% | |
| 38 | MRK | Merck & Co. Inc. | 股票-医疗保健 | 0.40% | -0.04% | -2.26% | |
| 39 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.36% | -0.06% | -6.96% | |
| 40 | WMT | Walmart Inc | 股票-非周期性消费 | 0.32% | -0.05% | -0.88% | |
| 41 | EMR | Emerson Electric Co | 股票-工业 | 0.31% | -0.01% | -0.46% | |
| 42 | CAT | Caterpillar Inc | 股票-工业 | 0.30% | +0.06% | -3.77% | |
| 43 | NSRGY | Nestle Sa-spons Adr | 股票-其他 | 0.28% | — | -52.64% | |
| 44 | RHHBY | Roche Holdings Ltd-spons Adr | 股票-其他 | 0.27% | -0.03% | — | |
| 45 | PEP | Pepsico Inc | 股票-非周期性消费 | 0.26% | -0.13% | -12.56% | |
| 46 | ASML | ASML Holding N.V. | 股票-科技 | 0.21% | +0.11% | -0.63% | |
| 47 | DE | Deere & Co | 股票-工业 | 0.18% | -0.01% | -0.67% | |
| 48 | RELX | Relx PLC - Spon Adr | 股票-工业 | 0.18% | -0.06% | EXIT | |
| 49 | UNP | Union Pacific CORP | 股票-工业 | 0.15% | — | — | |
| 50 | ECL | Ecolab Inc | 股票-原材料 | 0.13% | — | — |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +1.8% | -5.30% | 减仓 |
| 2 | GOOGL | Alphabet Inc-cl A | +1.8% | -1.18% | 减仓 |
| 3 | MSFT | Microsoft CORP | +1.1% | -0.24% | 减仓 |
| 4 | LLY | Eli Lilly & Co | +1% | +65.01% | 加仓 |
| 5 | UBER | Uber Technologies Inc | +0.8% | +24.28% | 加仓 |
| 6 | AXP | American Express Co | +0.7% | +36.03% | 加仓 |
| 7 | SCHW | Schwab (charles) CORP | +0.5% | +34.45% | 加仓 |
| 8 | AMD | Advanced Micro Devices | +0.5% | -5.82% | 减仓 |
| 9 | ADI | Analog Devices Inc | +0.4% | -0.61% | 减仓 |
| 10 | RTX | Rtx CORP | +0.3% | -2.51% | 减仓 |
| 11 | SBGSY | Schneider Elect Se-unsp Adr | +0.3% | +0.39% | 减仓 |
| 12 | XYL | Xylem Inc | +0.3% | -0.27% | 减仓 |
| 13 | AAPL | Apple Inc | +0.3% | +0.01% | 减仓 |
| 14 | TJX | Tjx Companies Inc | +0.3% | +0.04% | 减仓 |
| 15 | AMZN | Amazon.com Inc | +0.2% | -0.61% | 减仓 |
| 16 | ROK | Rockwell Automation Inc | +0.1% | -3.30% | 减仓 |
| 17 | HD | Home Depot Inc | +0.1% | -0.12% | 减仓 |
| 18 | CRM | Salesforce Inc | +0.1% | +5.92% | 加仓 |
| 19 | CAT | Caterpillar Inc | +0.1% | -3.77% | 减仓 |
| 20 | ASML | ASML Holding N.V. | +0.1% | -0.63% | 减仓 |
| 21 | JNJ | Johnson & Johnson | 0% | -1.68% | 减仓 |
| 22 | MRK | Merck & Co. Inc. | -0.1% | -2.26% | 减仓 |
| 23 | V | Visa Inc-class A Shares | -0.1% | — | 减仓 |
| 24 | PEP | Pepsico Inc | -0.1% | -12.56% | 减仓 |
| 25 | XOM | Exxon Mobil CORP | -0.2% | -0.32% | 减仓 |
| 26 | BRK-B | Berkshire Hathaway Inc-cl B | -0.2% | -6.96% | 减仓 |
| 27 | CARR | Carrier Global CORP | -0.2% | -1.04% | 减仓 |
| 28 | DHR | Danaher CORP | -0.3% | +0.33% | 减仓 |
| 29 | CVX | Chevron CORP | -0.3% | +0.32% | 减仓 |
| 30 | ABT | Abbott Laboratories | -0.4% | +0.72% | 减仓 |
| 31 | NVO | Novo-nordisk A/s-spons Adr | -0.4% | -86.86% | 减仓 |
| 32 | MKC | Mccormick & Co-non Vtg Shrs | -0.4% | -0.53% | 减仓 |
| 33 | VRTX | Vertex Pharmaceuticals Inc | -0.5% | +1.05% | 加仓 |
| 34 | BRK-A | Berkshire Hathaway Inc-cl A | -0.5% | -9.09% | 减仓 |
| 35 | MA | Mastercard Inc - A | -0.5% | -4.06% | 减仓 |
| 36 | CNI | Canadian Natl Railway Co | -0.5% | -10.18% | 减仓 |
| 37 | UNH | Unitedhealth Group Inc | -0.6% | +17.73% | 加仓 |
| 38 | ATR | Aptargroup Inc | -0.6% | +0.06% | 减仓 |
| 39 | PG | Procter & Gamble Co/the | -0.6% | -0.18% | 减仓 |
| 40 | ADP | Automatic Data Processing | -0.7% | -1.73% | 减仓 |
| 41 | NSRGY | Nestle Sa-spons Adr | -1.2% | -52.64% | 减仓 |
| 42 | FISV | Fiserv Inc | -2.1% | +0.34% | 减仓 |
| 43 | AMAT | Applied Materials Inc | — | NEW | 新建仓 |
| 44 | BALL | Ball CORP | — | EXIT | 清仓 |
| 45 | BDX | Becton Dickinson And Co | — | EXIT | 清仓 |
| 46 | ADBE | Adobe Inc | — | EXIT | 清仓 |
| 47 | CL | Colgate-palmolive Co | — | EXIT | 清仓 |
| 48 | NVS | Novartis Ag-sponsored Adr | — | EXIT | 清仓 |
| 49 | IDXX | Idexx Laboratories Inc | — | NEW | 新建仓 |
| 50 | VSMAX | Vanguard Sml Cap Indx-adm | — | NEW | 新建仓 |
根据 SEC 官方 Form 13F 申报备案，Puzo Michael J 在 Q3 2025 季度的美股持仓总市值约为 US$3.9亿，共申报了 71 个公开持股仓位。
在 Q3 2025 季度，Puzo Michael J 按市值排列的前三大核心持股分别为：GOOGL (5.9%)、NVDA (5.7%)、AAPL (5.4%)。其中最大持股仓位 GOOGL 占据整体投资组合约 5.9% 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
AMAT
市值: US$352.4万
本季最大获利了结 / 清仓标的
BALL
前期市值: US$283.8万
在 Q3 2025 季度中，Puzo Michael J 共进行了 50 项持仓异动，包含新建仓 3 个仓位、加仓 7 个仓位、减仓 35 个仓位以及清仓 5 个仓位。 其中最大新建仓标的为 AMAT。 本季清仓仓位包含 BALL。
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。