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: 0000740913
申报总市值
US$65.9亿
US$65.9亿
87 檔
28.6%
截至 Q4 2025 季度末，Reaves W H & Co Inc 的美股持仓估值约为 US$65.9亿，全数申报仓位共有 87 档。
在 Q4 2025，Reaves W H & Co Inc 操作展现出积极扩展与加仓意向。本季共新建仓 5 个新仓位，并对 23 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，Reaves W H & Co Inc 的前 5 大核心持股（包含 TLN, CEG, VST 等）合计占整体申报市值的 28.6%，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 | TLN | Talen Energy CORP | 股票-公用事业 | 9.98% | +0.61% | +7.88% | |
| 2 | CEG | Constellation Energy | 股票-公用事业 | 7.01% | -0.64% | +11.68% | |
| 3 | VST | Vistra CORP | 股票-公用事业 | 6.20% | -0.25% | +14.53% | |
| 4 | CNP | Centerpoint Energy Inc | 股票-公用事业 | 5.14% | -0.59% | +6.18% | |
| 5 | XEL | Xcel Energy Inc | 股票-公用事业 | 4.62% | -0.59% | +13.14% | |
| 6 | IDA | Idacorp Inc | 股票-公用事业 | 4.00% | -0.21% | +6.30% | |
| 7 | NI | Nisource Inc | 股票-公用事业 | 3.96% | -0.23% | +8.29% | |
| 8 | ETR | Entergy CORP | 股票-公用事业 | 3.96% | +1.01% | +6.91% | |
| 9 | LNT | Alliant Energy CORP | 股票-公用事业 | 3.48% | -0.34% | +71.84% | |
| 10 | SRE | Sempra | 股票-公用事业 | 3.31% | -0.66% | +34.12% | |
| 11 | PPL | Ppl CORP | 股票-公用事业 | 2.71% | -2.35% | EXIT | |
| 12 | PNW | Pinnacle West Capital | 股票-公用事业 | 2.67% | -0.32% | -4.67% | |
| 13 | CMS | Cms Energy CORP | 股票-公用事业 | 2.55% | -0.50% | -2.87% | |
| 14 | TXNM | Txnm Energy Inc | 股票-公用事业 | 2.55% | -0.04% | EXIT | |
| 15 | CCJ | Cameco CORP | 股票-能源 | 2.33% | -0.29% | -0.12% | |
| 16 | MP | Mp Materials CORP | 股票-原材料 | 2.31% | +0.13% | +0.76% | |
| 17 | EQIX | Equinix Inc | 股票-房地产 | 2.26% | -0.08% | +6.52% | |
| 18 | PWR | Quanta Services Inc | 股票-工业 | 2.00% | +0.41% | -0.13% | |
| 19 | EPD | Enterprise Products Partners | 股票-能源 | 1.96% | -0.24% | — | |
| 20 | AEE | Ameren Corporation | 股票-公用事业 | 1.89% | -0.51% | +12.52% | |
| 21 | NEE | Nextera Energy Inc | 股票-公用事业 | 1.87% | -0.11% | +123.93% | |
| 22 | DTM | Dt Midstream Inc | 股票-能源 | 1.60% | +0.31% | +9.37% | |
| 23 | NRG | Nrg Energy Inc | 股票-公用事业 | 1.59% | -0.36% | +93.46% | |
| 24 | OGE | Oge Energy CORP | 股票-公用事业 | 1.45% | -0.16% | +45.55% | |
| 25 | WMB | Williams Cos Inc | 股票-能源 | 1.36% | -0.14% | +18.84% | |
| 26 | SBAC | Sba Communications CORP | 股票-房地产 | 1.23% | -0.06% | -10.91% | |
| 27 | GLW | Corning Inc | 股票-科技 | 1.16% | +1.05% | +50.45% | |
| 28 | EQT | Eqt CORP | 股票-能源 | 1.09% | -0.39% | +12.90% | |
| 29 | DTE | Dte Energy Company | 股票-公用事业 | 0.94% | +0.55% | -28.83% | |
| 30 | DY | Dycom Industries Inc | 股票-工业 | 0.85% | +0.62% | -0.15% | |
| 31 | GEV | GE Vernova Inc | 股票-工业 | 0.84% | +0.49% | +389.35% | |
| 32 | PEG | Public Service Enterprise Gp | 股票-公用事业 | 0.79% | -0.24% | -70.47% | |
| 33 | LEU | Centrus Energy Corp-class A | 股票-能源 | 0.74% | -0.03% | -16.42% | |
| 34 | WEC | Wec Energy Group Inc | 股票-公用事业 | 0.70% | +0.38% | +59.96% | |
| 35 | NSC | Norfolk Southern CORP | 股票-工业 | 0.66% | — | -19.98% | |
| 36 | MPLX | Mplx LP | 股票-能源 | 0.63% | -0.07% | — | |
| 37 | OKE | Oneok Inc | 股票-能源 | 0.59% | — | -20.95% | |
| 38 | TMUS | T-mobile US Inc | 股票-通信服务 | 0.53% | +0.07% | -0.73% | |
| 39 | CCI | Crown Castle Inc | 股票-房地产 | 0.51% | -0.39% | EXIT | |
| 40 | ✓ | 股票-其他 | 0.48% | -0.46% | EXIT | ||
| 41 | MPC | Marathon Petroleum CORP | 股票-能源 | 0.48% | -0.67% | +67.00% | |
| 42 | ✓ | Rice Acquisition CORP 3 | 股票-其他 | 0.44% | -0.03% | — | |
| 43 | ✓ | NATIONAL FUEL GAS - Restricted | 股票-其他 | 0.44% | — | — | |
| 44 | FYBR | Frontier Communications Pare | 股票-其他 | 0.39% | — | -0.71% | |
| 45 | TIC | Tic Solutions Inc | 股票-其他 | 0.38% | +0.05% | — | |
| 46 | CMCSA | Comcast Corp-class A | 股票-通信服务 | 0.36% | +0.06% | -62.87% | |
| 47 | UNP | Union Pacific CORP | 股票-工业 | 0.32% | -0.20% | -57.48% | |
| 48 | AMT | American Tower CORP | 股票-房地产 | 0.30% | +0.24% | — | |
| 49 | DLR | Digital Realty Trust Inc | 股票-房地产 | 0.26% | +0.18% | +26.19% | |
| 50 | VRT | Vertiv Holdings Co-a | 股票-工业 | 0.23% | -0.04% | -46.23% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | LNT | Alliant Energy CORP | +1.3% | +71.84% | 加仓 |
| 2 | NEE | Nextera Energy Inc | +1.1% | +123.93% | 加仓 |
| 3 | CEG | Constellation Energy | +1.1% | +11.68% | 加仓 |
| 4 | SRE | Sempra | +0.8% | +34.12% | 加仓 |
| 5 | NRG | Nrg Energy Inc | +0.7% | +93.46% | 加仓 |
| 6 | GEV | GE Vernova Inc | +0.7% | +389.35% | 加仓 |
| 7 | GLW | Corning Inc | +0.4% | +50.45% | 加仓 |
| 8 | OGE | Oge Energy CORP | +0.4% | +45.55% | 加仓 |
| 9 | WEC | Wec Energy Group Inc | +0.2% | +59.96% | 加仓 |
| 10 | DTM | Dt Midstream Inc | +0.2% | +9.37% | 加仓 |
| 11 | ETR | Entergy CORP | +0.2% | +6.91% | 加仓 |
| 12 | CCJ | Cameco CORP | +0.2% | -0.12% | 减仓 |
| 13 | CNP | Centerpoint Energy Inc | +0.2% | +6.18% | 加仓 |
| 14 | MPC | Marathon Petroleum CORP | +0.1% | +67.00% | 加仓 |
| 15 | WMB | Williams Cos Inc | +0.1% | +18.84% | 加仓 |
| 16 | NI | Nisource Inc | +0.1% | +8.29% | 加仓 |
| 17 | AEE | Ameren Corporation | +0.1% | +12.52% | 加仓 |
| 18 | DY | Dycom Industries Inc | +0.1% | -0.15% | 减仓 |
| 19 | EQT | Eqt CORP | +0.1% | +12.90% | 加仓 |
| 20 | XEL | Xcel Energy Inc | +0.1% | +13.14% | 加仓 |
| 21 | EQIX | Equinix Inc | +0.1% | +6.52% | 加仓 |
| 22 | TMUS | T-mobile US Inc | -0.1% | -0.73% | 减仓 |
| 23 | LIN | Linde plc | -0.2% | -79.51% | 减仓 |
| 24 | PPL | Ppl CORP | -0.2% | +2.04% | 加仓 |
| 25 | OKE | Oneok Inc | -0.2% | -20.95% | 减仓 |
| 26 | SBAC | Sba Communications CORP | -0.2% | -10.91% | 减仓 |
| 27 | VRT | Vertiv Holdings Co-a | -0.2% | -46.23% | 减仓 |
| 28 | CCOI | Cogent Communications Holdin | -0.2% | -38.76% | 减仓 |
| 29 | DUK | Duke Energy CORP | -0.2% | -91.79% | 减仓 |
| 30 | PNW | Pinnacle West Capital | -0.2% | -4.67% | 减仓 |
| 31 | NSC | Norfolk Southern CORP | -0.2% | -19.98% | 减仓 |
| 32 | CMS | Cms Energy CORP | -0.3% | -2.87% | 减仓 |
| 33 | ATO | Atmos Energy CORP | -0.3% | -84.14% | 减仓 |
| 34 | LEU | Centrus Energy Corp-class A | -0.4% | -16.42% | 减仓 |
| 35 | UNP | Union Pacific CORP | -0.5% | -57.48% | 减仓 |
| 36 | VST | Vistra CORP | -0.5% | +14.53% | 加仓 |
| 37 | DTE | Dte Energy Company | -0.5% | -28.83% | 减仓 |
| 38 | CMCSA | Comcast Corp-class A | -0.7% | -62.87% | 减仓 |
| 39 | AWK | American Water Works Co Inc | -0.7% | -97.81% | 减仓 |
| 40 | TLN | Talen Energy CORP | -0.7% | +7.88% | 加仓 |
| 41 | CHTR | Charter Communications Inc-a | -0.8% | -85.67% | 减仓 |
| 42 | MP | Mp Materials CORP | -0.8% | +0.76% | 加仓 |
| 43 | PEG | Public Service Enterprise Gp | -2% | -70.47% | 减仓 |
| 44 | ✓ | — | NEW | 新建仓 | |
| 45 | ✓ | Rice Acquisition CORP 3 | — | NEW | 新建仓 |
| 46 | ✓ | NATIONAL FUEL GAS - Restricted | — | NEW | 新建仓 |
| 47 | TIC | Tic Solutions Inc | — | NEW | 新建仓 |
| 48 | LITE | Lumentum Holdings Inc | — | NEW | 新建仓 |
| 49 | CSX | Csx CORP | — | EXIT | 清仓 |
| 50 | T | At&t Inc | — | EXIT | 清仓 |
根据 SEC 官方 Form 13F 申报备案，Reaves W H & Co Inc 在 Q4 2025 季度的美股持仓总市值约为 US$65.9亿，共申报了 87 个公开持股仓位。
在 Q4 2025 季度，Reaves W H & Co Inc 按市值排列的前三大核心持股分别为：TLN (10.0%)、CEG (7.0%)、VST (6.2%)。其中最大持股仓位 TLN 占据整体投资组合约 10.0% 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
市值: US$2750.0万
本季最大获利了结 / 清仓标的
CSX
前期市值: US$532.7万
在 Q4 2025 季度中，Reaves W H & Co Inc 共进行了 50 项持仓异动，包含新建仓 5 个仓位、加仓 23 个仓位、减仓 20 个仓位以及清仓 2 个仓位。 其中最大新建仓标的为 。 本季清仓仓位包含 CSX。
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。