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: 0001658020
申报总市值
US$79.5亿
US$79.5亿
117 檔
16.9%
Q3 2025 季度申报显示，Railway Pension Investments Ltd 披露的美股组合总市值为 US$79.5亿，涵盖 117 个不同之权益投资仓位。
在 Q3 2025，Railway Pension Investments Ltd 展现出较为审慎的避险与获利了结姿态。本季共减仓 42 个仓位并完全清仓 97 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，Railway Pension Investments Ltd 的前 5 大核心持股（包含 MSFT, GOOGL, V 等）合计占整体申报市值的 16.9%，反映机构在主要关键仓位上的权重分布。
本季最大新建仓标的
NVDA
市值: US$1.9亿
本季最大获利了结 / 清仓标的
CNP
前期市值: US$8332.0万
| # | 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 | 6.57% | -2.45% | +199.17% | |
| 2 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 3.60% | +0.40% | +79.81% | |
| 3 | V | Visa Inc-class A Shares | 股票-金融 | 2.72% | +0.30% | +63.57% | |
| 4 | ABBV | Abbvie Inc | 股票-医疗保健 | 2.68% | +0.03% | +32.98% | |
| 5 | AMZN | Amazon.com Inc | 股票-周期性消费 | 2.66% | -0.35% | +89.58% | |
| 6 | JNJ | Johnson & Johnson | 股票-医疗保健 | 2.64% | -0.18% | +57.41% | |
| 7 | NVDA | Nvidia CORP | 股票-科技 | 2.59% | +2.44% | — | |
| 8 | IDXX | Idexx Laboratories Inc | 股票-医疗保健 | 2.57% | -1.75% | +92.14% | |
| 9 | META | Meta Platforms Inc-class A | 股票-通信服务 | 2.56% | -0.83% | +66.31% | |
| 10 | PANW | Palo Alto Networks Inc | 股票-科技 | 2.54% | -2.24% | EXIT | |
| 11 | MA | Mastercard Inc - A | 股票-金融 | 2.54% | -0.21% | +267.86% | |
| 12 | AVGO | Broadcom Inc | 股票-科技 | 2.52% | +0.73% | +54.35% | |
| 13 | AAPL | Apple Inc | 股票-科技 | 2.51% | +2.34% | +49.50% | |
| 14 | LNG | Cheniere Energy Inc | 股票-能源 | 2.47% | -1.69% | +62.90% | |
| 15 | NEE | Nextera Energy Inc | 股票-公用事业 | 2.41% | -0.81% | +90.26% | |
| 16 | NOW | Servicenow Inc | 股票-科技 | 2.30% | -1.33% | EXIT | |
| 17 | TXN | Texas Instruments Inc | 股票-科技 | 2.24% | +0.14% | +156.54% | |
| 18 | EQIX | Equinix Inc | 股票-房地产 | 2.17% | -0.73% | +101.61% | |
| 19 | SPGI | S&p Global Inc | 股票-金融 | 2.16% | — | +76.01% | |
| 20 | PEG | Public Service Enterprise Gp | 股票-公用事业 | 2.15% | -0.59% | +97.54% | |
| 21 | GILD | Gilead Sciences Inc | 股票-医疗保健 | 2.13% | -0.53% | +3.07% | |
| 22 | TMO | Thermo Fisher Scientific Inc | 股票-医疗保健 | 2.09% | -0.60% | +174.64% | |
| 23 | DHR | Danaher CORP | 股票-医疗保健 | 1.85% | — | +148.43% | |
| 24 | ORLY | O'reilly Automotive Inc | 股票-周期性消费 | 1.77% | -1.52% | EXIT | |
| 25 | LPLA | Lpl Financial Holdings Inc | 股票-金融 | 1.64% | — | +276.58% | |
| 26 | MO | Altria Group Inc | 股票-非周期性消费 | 1.53% | -0.07% | — | |
| 27 | CEG | Constellation Energy | 股票-公用事业 | 1.52% | -0.58% | -8.42% | |
| 28 | AZO | Autozone Inc | 股票-周期性消费 | 1.38% | — | — | |
| 29 | MRK | Merck & Co. Inc. | 股票-医疗保健 | 1.33% | — | +2.33% | |
| 30 | MCK | Mckesson CORP | 股票-医疗保健 | 1.32% | -0.33% | — | |
| 31 | PG | Procter & Gamble Co/the | 股票-非周期性消费 | 1.28% | — | — | |
| 32 | FAST | Fastenal Co | 股票-工业 | 1.25% | -0.11% | +1.32% | |
| 33 | CSCO | Cisco Systems Inc | 股票-科技 | 1.19% | +0.48% | — | |
| 34 | PM | Philip Morris International | 股票-非周期性消费 | 1.13% | — | +2.92% | |
| 35 | BKNG | Booking Holdings Inc | 股票-周期性消费 | 1.00% | -0.69% | EXIT | |
| 36 | CL | Colgate-palmolive Co | 股票-非周期性消费 | 0.86% | -0.01% | — | |
| 37 | GWW | Ww Grainger Inc | 股票-工业 | 0.81% | +0.06% | +3.61% | |
| 38 | KR | Kroger Co | 股票-非周期性消费 | 0.73% | -0.01% | — | |
| 39 | HD | Home Depot Inc | 股票-周期性消费 | 0.71% | — | — | |
| 40 | BMY | Bristol-myers Squibb Co | 股票-医疗保健 | 0.70% | -0.15% | +3.67% | |
| 41 | MSI | Motorola Solutions Inc | 股票-科技 | 0.63% | -0.08% | +6.40% | |
| 42 | HCA | Hca Healthcare Inc | 股票-医疗保健 | 0.62% | -0.17% | — | |
| 43 | ROL | Rollins Inc | 股票-周期性消费 | 0.60% | -0.15% | — | |
| 44 | TJX | Tjx Companies Inc | 股票-周期性消费 | 0.60% | -0.10% | — | |
| 45 | HPQ | Hp Inc | 股票-科技 | 0.59% | +0.10% | +6.13% | |
| 46 | OTIS | Otis Worldwide CORP | 股票-工业 | 0.58% | -0.09% | — | |
| 47 | IBM | Intl Business Machines CORP | 股票-科技 | 0.58% | +0.01% | +2.09% | |
| 48 | CTAS | Cintas CORP | 股票-工业 | 0.57% | -0.05% | — | |
| 49 | NTAP | Netapp Inc | 股票-科技 | 0.55% | +0.28% | +6.16% | |
| 50 | WMT | Walmart Inc | 股票-非周期性消费 | 0.54% | -0.60% | EXIT |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | MSFT | Microsoft CORP | +4.5% | +199.17% | 加仓 |
| 2 | MA | Mastercard Inc - A | +2.2% | +267.86% | 加仓 |
| 3 | GOOGL | Alphabet Inc-cl A | +2.1% | +79.81% | 加仓 |
| 4 | IDXX | Idexx Laboratories Inc | +1.6% | +92.14% | 加仓 |
| 5 | AVGO | Broadcom Inc | +1.5% | +54.35% | 加仓 |
| 6 | LPLA | Lpl Financial Holdings Inc | +1.3% | +276.58% | 加仓 |
| 7 | PANW | Palo Alto Networks Inc | +1.3% | +104.14% | 加仓 |
| 8 | TMO | Thermo Fisher Scientific Inc | +1.2% | +174.64% | 加仓 |
| 9 | TXN | Texas Instruments Inc | +1.2% | +156.54% | 加仓 |
| 10 | AMZN | Amazon.com Inc | +1.2% | +89.58% | 加仓 |
| 11 | PEG | Public Service Enterprise Gp | +1.1% | +97.54% | 加仓 |
| 12 | NEE | Nextera Energy Inc | +1.1% | +90.26% | 加仓 |
| 13 | NOW | Servicenow Inc | +1.1% | +101.53% | 加仓 |
| 14 | JNJ | Johnson & Johnson | +1% | +57.41% | 加仓 |
| 15 | DHR | Danaher CORP | +1% | +148.43% | 加仓 |
| 16 | LNG | Cheniere Energy Inc | +0.9% | +62.90% | 加仓 |
| 17 | META | Meta Platforms Inc-class A | +0.9% | +66.31% | 加仓 |
| 18 | EQIX | Equinix Inc | +0.8% | +101.61% | 加仓 |
| 19 | AAPL | Apple Inc | +0.7% | +49.50% | 加仓 |
| 20 | SPGI | S&p Global Inc | +0.6% | +76.01% | 加仓 |
| 21 | ABBV | Abbvie Inc | +0.5% | +32.98% | 加仓 |
| 22 | V | Visa Inc-class A Shares | +0.5% | +63.57% | 加仓 |
| 23 | CEG | Constellation Energy | +0.4% | -8.42% | 减仓 |
| 24 | PFE | Pfizer Inc | +0.4% | — | 加仓 |
| 25 | BMY | Bristol-myers Squibb Co | +0.3% | +3.67% | 加仓 |
| 26 | QCOM | Qualcomm Inc | +0.3% | +5.17% | 加仓 |
| 27 | EXPE | Expedia Group Inc | +0.3% | +19.63% | 加仓 |
| 28 | MCD | Mcdonald's CORP | +0.3% | +28.89% | 加仓 |
| 29 | MRK | Merck & Co. Inc. | +0.2% | +2.33% | 加仓 |
| 30 | NTAP | Netapp Inc | +0.2% | +6.16% | 加仓 |
| 31 | FAST | Fastenal Co | +0.1% | +1.32% | 加仓 |
| 32 | HCA | Hca Healthcare Inc | +0.1% | — | 加仓 |
| 33 | APH | Amphenol Corp-cl A | +0.1% | — | 减仓 |
| 34 | EME | Emcor Group Inc | +0.1% | +7.29% | 减仓 |
| 35 | AMGN | Amgen Inc | +0.1% | +9.31% | 加仓 |
| 36 | YUM | Yum! Brands Inc | +0.1% | — | 加仓 |
| 37 | LOW | Lowe's Cos Inc | +0.1% | — | 加仓 |
| 38 | VZ | Verizon Communications Inc | +0.1% | — | 加仓 |
| 39 | INTU | Intuit Inc | +0.1% | — | 加仓 |
| 40 | TT | Trane Technologies plc | +0.1% | +14.21% | 加仓 |
| 41 | TJX | Tjx Companies Inc | +0.1% | — | 减仓 |
| 42 | ORLY | O'reilly Automotive Inc | 0% | — | 加仓 |
| 43 | ADSK | Autodesk Inc | 0% | +17.80% | 加仓 |
| 44 | DPZ | Domino's Pizza Inc | 0% | +304.17% | 加仓 |
| 45 | BKNG | Booking Holdings Inc | 0% | +0.16% | 减仓 |
| 46 | EA | Electronic Arts Inc | 0% | -5.21% | 减仓 |
| 47 | PH | Parker Hannifin CORP | 0% | +2.00% | 减仓 |
| 48 | RMD | Resmed Inc | 0% | +299.38% | 加仓 |
| 49 | FFIV | F5 Inc | 0% | +27.01% | 加仓 |
| 50 | HLT | Hilton Worldwide Holdings In | 0% | +14.97% | 加仓 |
根据 SEC 官方 Form 13F 申报备案，Railway Pension Investments Ltd 在 Q3 2025 季度的美股持仓总市值约为 US$79.5亿，共申报了 117 个公开持股仓位。
在 Q3 2025 季度，Railway Pension Investments Ltd 按市值排列的前三大核心持股分别为：MSFT (6.6%)、GOOGL (3.6%)、V (2.7%)。其中最大持股仓位 MSFT 占据整体投资组合约 6.6% 的权重。
在 Q3 2025 季度中，Railway Pension Investments Ltd 共进行了 197 项持仓异动，包含新建仓 5 个仓位、加仓 53 个仓位、减仓 42 个仓位以及清仓 97 个仓位。 其中最大新建仓标的为 NVDA。 本季清仓仓位包含 CNP。
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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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。
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。