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: 0001000742
申报总市值
US$2.0亿
US$2.0亿
131 檔
27.8%
在 Q4 2025 申报期间，Sandler Capital Management（CIK: 0001000742）向美国 SEC 提交的 Form 13F 报告显示，其追踪之股票投资组合总市值达 US$2.0亿，共持有 131 个公开申报仓位。
Sandler Capital Management 在 Q4 2025 进行了结构性的板块轮动与仓位换股。在开立 44 个全新仓位及加仓 37 档持股的同时，亦同步清仓 55 档并减仓 50 档标的。
在资产配置集中度方面，Sandler Capital Management 的前 5 大核心持股（包含 GLW, TSM, KEYS 等）合计占整体申报市值的 27.8%，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 | GLW | Corning Inc | 股票-科技 | 5.39% | -0.99% | +12.18% | |
| 2 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 4.25% | -4.74% | +161.68% | |
| 3 | KEYS | Keysight Technologies In | 股票-科技 | 3.30% | -0.54% | +37.84% | |
| 4 | TKO | Tko Group Holdings Inc | 股票-通信服务 | 3.11% | -1.98% | -25.66% | |
| 5 | AVY | Avery Dennison CORP | 股票-周期性消费 | 2.29% | -0.63% | — | |
| 6 | APH | Amphenol Corp-cl A | 股票-科技 | 2.22% | +0.15% | +37.15% | |
| 7 | AAPL | Apple Inc | 股票-科技 | 2.01% | -1.08% | +32.27% | |
| 8 | LYV | Live Nation Entertainment In | 股票-通信服务 | 1.94% | +0.13% | +431.54% | |
| 9 | PLD | Prologis Inc | 股票-房地产 | 1.92% | -0.45% | +67.45% | |
| 10 | RTX | Rtx CORP | 股票-工业 | 1.84% | +0.16% | +4.03% | |
| 11 | C | Citigroup Inc | 股票-金融 | 1.72% | — | — | |
| 12 | HO1 | Hologic Inc | 股票-其他 | 1.68% | — | -16.67% | |
| 13 | MSGS | Madison Square Garden Sports | 股票-通信服务 | 1.68% | -0.47% | +32.90% | |
| 14 | NVDA | Nvidia CORP | 股票-科技 | 1.46% | — | +126.52% | |
| 15 | GOOG | Alphabet Inc-cl C | 股票-通信服务 | 1.43% | +0.11% | -54.42% | |
| 16 | EGP | Eastgroup Properties Inc | 股票-房地产 | 1.41% | -0.37% | +35.69% | |
| 17 | SHOO | Steven Madden LTD | 股票-其他 | 1.29% | — | — | |
| 18 | TEL | TE Connectivity plc | 股票-科技 | 1.25% | — | — | |
| 19 | MS | Morgan Stanley | 股票-金融 | 1.13% | -2.13% | EXIT | |
| 20 | COIN | Coinbase Global Inc -class A | 股票-金融 | 1.11% | +0.65% | NEW | |
| 21 | FWONK | Liberty Media Corp-formula-c | 股票-通信服务 | 1.10% | +1.40% | NEW | |
| 22 | CCJ | Cameco CORP | 股票-能源 | 1.08% | +0.42% | NEW | |
| 23 | DHR | Danaher CORP | 股票-医疗保健 | 1.07% | -0.85% | +173.95% | |
| 24 | MSGE | Madison Square Garden Entert | 股票-其他 | 1.05% | -0.67% | +104.06% | |
| 25 | INFY | Infosys Ltd-sp Adr | 股票-科技 | 1.05% | — | +448.78% | |
| 26 | HON | Honeywell International Inc | 股票-工业 | 1.00% | -0.98% | EXIT | |
| 27 | AMZN | Amazon.com Inc | 股票-周期性消费 | 0.97% | +0.31% | -12.57% | |
| 28 | MRK | Merck & Co. Inc. | 股票-医疗保健 | 0.96% | — | — | |
| 29 | SPHR | Sphere Entertainment Co | 股票-通信服务 | 0.95% | +0.12% | -31.63% | |
| 30 | DY | Dycom Industries Inc | 股票-工业 | 0.93% | +0.27% | -24.85% | |
| 31 | BHP | Bhp Group Ltd-spon Adr | 股票-原材料 | 0.92% | +0.14% | -18.11% | |
| 32 | CZR | Caesars Entertainment Inc | 股票-周期性消费 | 0.92% | — | +207.69% | |
| 33 | UAL | United Airlines Holdings Inc | 股票-工业 | 0.89% | — | +66.90% | |
| 34 | CRH | CRH plc | 股票-原材料 | 0.87% | -0.45% | EXIT | |
| 35 | FOR | Forestar Group Inc | 股票-其他 | 0.85% | -0.16% | +111.70% | |
| 36 | SYY | Sysco CORP | 股票-非周期性消费 | 0.84% | — | — | |
| 37 | BAC | Bank Of America CORP | 股票-金融 | 0.84% | — | — | |
| 38 | RL | Ralph Lauren CORP | 股票-周期性消费 | 0.81% | -0.77% | — | |
| 39 | TDY | Teledyne Technologies Inc | 股票-科技 | 0.81% | -0.10% | -8.53% | |
| 40 | A | Agilent Technologies Inc | 股票-医疗保健 | 0.81% | +0.02% | -16.10% | |
| 41 | TRMB | Trimble Inc | 股票-科技 | 0.80% | -0.47% | -21.42% | |
| 42 | CBOE | Cboe Global Markets Inc | 股票-金融 | 0.79% | -0.30% | -30.20% | |
| 43 | MLM | Martin Marietta Materials | 股票-原材料 | 0.77% | — | -18.20% | |
| 44 | HNGE | Hinge Health Inc-a | 股票-其他 | 0.76% | +0.04% | -4.83% | |
| 45 | XRT | Ss Spdr S&p Retail ETF | ETF-其他 | 0.76% | — | — | |
| 46 | LLY | Eli Lilly & Co | 股票-医疗保健 | 0.76% | -0.43% | +10.87% | |
| 47 | TLN | Talen Energy CORP | 股票-公用事业 | 0.73% | +0.43% | +18.25% | |
| 48 | ULTA | Ulta Beauty Inc | 股票-周期性消费 | 0.72% | — | +117.28% | |
| 49 | SOFI | Sofi Technologies Inc | 股票-金融 | 0.71% | -0.74% | EXIT | |
| 50 | M | Macy's, Inc. | 股票-周期性消费 | 0.70% | — | -2.90% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | TSM | Taiwan Semiconductor-sp Adr | +2.9% | +161.68% | 加仓 |
| 2 | LYV | Live Nation Entertainment In | +1.6% | +431.54% | 加仓 |
| 3 | KEYS | Keysight Technologies In | +1.5% | +37.84% | 加仓 |
| 4 | GLW | Corning Inc | +1.4% | +12.18% | 加仓 |
| 5 | PLD | Prologis Inc | +1% | +67.45% | 加仓 |
| 6 | INFY | Infosys Ltd-sp Adr | +0.9% | +448.78% | 加仓 |
| 7 | APH | Amphenol Corp-cl A | +0.9% | +37.15% | 加仓 |
| 8 | NVDA | Nvidia CORP | +0.9% | +126.52% | 加仓 |
| 9 | DHR | Danaher CORP | +0.8% | +173.95% | 加仓 |
| 10 | AAPL | Apple Inc | +0.7% | +32.27% | 加仓 |
| 11 | FWONK | Liberty Media Corp-formula-c | +0.7% | +162.50% | 加仓 |
| 12 | MSGS | Madison Square Garden Sports | +0.7% | +32.90% | 加仓 |
| 13 | MSGE | Madison Square Garden Entert | +0.7% | +104.06% | 加仓 |
| 14 | CZR | Caesars Entertainment Inc | +0.6% | +207.69% | 加仓 |
| 15 | EGP | Eastgroup Properties Inc | +0.5% | +35.69% | 加仓 |
| 16 | UAL | United Airlines Holdings Inc | +0.5% | +66.90% | 加仓 |
| 17 | FOR | Forestar Group Inc | +0.5% | +111.70% | 加仓 |
| 18 | ULTA | Ulta Beauty Inc | +0.5% | +117.28% | 加仓 |
| 19 | RTX | Rtx CORP | +0.4% | +4.03% | 加仓 |
| 20 | GD | General Dynamics CORP | +0.4% | +222.00% | 加仓 |
| 21 | SXT | Sensient Technologies CORP | +0.4% | +108.54% | 加仓 |
| 22 | STLD | Steel Dynamics Inc | +0.4% | +84.70% | 加仓 |
| 23 | LHX | L3harris Technologies Inc | +0.4% | +97.62% | 加仓 |
| 24 | LLY | Eli Lilly & Co | +0.3% | +10.87% | 加仓 |
| 25 | COHR | Coherent CORP | +0.3% | +49.21% | 加仓 |
| 26 | CCJ | Cameco CORP | +0.3% | +11.75% | 加仓 |
| 27 | MD | Pediatrix Medical Group Inc | +0.3% | +86.66% | 加仓 |
| 28 | ✓ | +0.3% | +1.03% | 加仓 | |
| 29 | UPST | Upstart Holdings Inc | +0.3% | +64.63% | 加仓 |
| 30 | ABNB | Airbnb Inc-class A | +0.2% | +82.64% | 加仓 |
| 31 | LION | Lionsgate Studios CORP | +0.2% | +8.74% | 加仓 |
| 32 | ROK | Rockwell Automation Inc | +0.2% | +29.97% | 加仓 |
| 33 | M | Macy's, Inc. | +0.2% | -2.90% | 减仓 |
| 34 | SPHR | Sphere Entertainment Co | +0.1% | -31.63% | 减仓 |
| 35 | VST | Vistra CORP | +0.1% | +53.09% | 加仓 |
| 36 | TLN | Talen Energy CORP | +0.1% | +18.25% | 加仓 |
| 37 | ATMU | Atmus Filtration Technologie | +0.1% | -5.81% | 减仓 |
| 38 | FOXA | Fox CORP - Class A | +0.1% | -4.82% | 减仓 |
| 39 | HO1 | Hologic Inc | 0% | -16.67% | 减仓 |
| 40 | CRH | CRH plc | 0% | -9.52% | 减仓 |
| 41 | AMZN | Amazon.com Inc | 0% | -12.57% | 减仓 |
| 42 | AXON | Axon Enterprise Inc | 0% | +13.87% | 加仓 |
| 43 | MRCY | Mercury Systems Inc | 0% | -4.44% | 减仓 |
| 44 | A | Agilent Technologies Inc | — | -16.10% | 减仓 |
| 45 | HNGE | Hinge Health Inc-a | — | -4.83% | 减仓 |
| 46 | VLTO | Veralto CORP | — | -4.86% | 减仓 |
| 47 | WCC | Wesco International Inc | — | -22.98% | 减仓 |
| 48 | BHP | Bhp Group Ltd-spon Adr | 0% | -18.11% | 减仓 |
| 49 | DY | Dycom Industries Inc | 0% | -24.85% | 减仓 |
| 50 | LEU | Centrus Energy Corp-class A | 0% | +0.42% | 加仓 |
根据 SEC 官方 Form 13F 申报备案，Sandler Capital Management 在 Q4 2025 季度的美股持仓总市值约为 US$2.0亿，共申报了 131 个公开持股仓位。
在 Q4 2025 季度，Sandler Capital Management 按市值排列的前三大核心持股分别为：GLW (5.4%)、TSM (4.3%)、KEYS (3.3%)。其中最大持股仓位 GLW 占据整体投资组合约 5.4% 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
AVY
市值: US$698.4万
本季最大获利了结 / 清仓标的
ROKU
前期市值: US$1001.3万
在 Q4 2025 季度中，Sandler Capital Management 共进行了 186 项持仓异动，包含新建仓 44 个仓位、加仓 37 个仓位、减仓 50 个仓位以及清仓 55 个仓位。 其中最大新建仓标的为 AVY。 本季清仓仓位包含 ROKU。
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。