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: 0001568540
申报总市值
US$17.4亿
US$17.4亿
110 檔
42.1%
Sather Financial Group Inc 在 Q4 2025 季度的美股仓位总计估值为 US$17.4亿，分散于 110 个持仓标的之中，反映其市场参与广度与投资规模。
Sather Financial Group Inc 在 Q4 2025 进行了结构性的板块轮动与仓位换股。在开立 8 个全新仓位及加仓 16 档持股的同时，亦同步清仓 4 档并减仓 22 档标的。
在资产配置集中度方面，Sather Financial Group Inc 的前 5 大核心持股（包含 GOOG, BRK-B, ANET 等）合计占整体申报市值的 42.1%，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
MGK
市值: US$111.7万
本季最大获利了结 / 清仓标的
KEL
前期市值: US$1586.5万
| # | 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 | GOOG | Alphabet Inc-cl C | 股票-通信服务 | 11.53% | -1.17% | -4.38% | |
| 2 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 10.36% | -0.07% | +0.57% | |
| 3 | ANET | Arista Networks Inc | 股票-科技 | 6.39% | +0.20% | -2.52% | |
| 4 | MSFT | Microsoft CORP | 股票-科技 | 5.94% | +0.02% | -0.66% | |
| 5 | BN | Brookfield CORP | 股票-金融 | 5.23% | -0.07% | +48.72% | |
| 6 | DG | Dollar General CORP | 股票-非周期性消费 | 4.25% | -0.34% | +0.12% | |
| 7 | V | Visa Inc-class A Shares | 股票-金融 | 4.22% | +0.21% | +1.14% | |
| 8 | MNST | Monster Beverage CORP | 股票-非周期性消费 | 4.13% | +0.69% | -1.11% | |
| 9 | ROST | Ross Stores Inc | 股票-周期性消费 | 4.02% | -3.71% | -1.44% | |
| 10 | QCOM | Qualcomm Inc | 股票-科技 | 3.30% | -0.01% | -0.66% | |
| 11 | MKL | Markel Group Inc | 股票-金融 | 3.18% | -0.11% | -0.99% | |
| 12 | MA | Mastercard Inc - A | 股票-金融 | 2.94% | +0.17% | +0.07% | |
| 13 | ADBE | Adobe Inc | 股票-科技 | 2.88% | +0.08% | -0.53% | |
| 14 | BA | Boeing Co/the | 股票-工业 | 2.84% | +1.18% | +3.10% | |
| 15 | NKE | Nike Inc -cl B | 股票-周期性消费 | 2.54% | -0.29% | +0.14% | |
| 16 | PYPL | Paypal Holdings Inc | 股票-金融 | 2.44% | — | -0.27% | |
| 17 | ACN | Accenture plc | 股票-科技 | 2.39% | -0.65% | -2.05% | |
| 18 | NXPI | NXP Semiconductors N.V. | 股票-科技 | 2.37% | +0.58% | -1.12% | |
| 19 | IHF | Ishares U.s. Healthcare Prov | ETF-其他 | 2.34% | +0.78% | +5.94% | |
| 20 | PAYC | Paycom Software Inc | 股票-科技 | 2.30% | +0.46% | +7.21% | |
| 21 | SPGI | S&p Global Inc | 股票-金融 | 2.20% | -1.99% | EXIT | |
| 22 | INTU | Intuit Inc | 股票-科技 | 2.18% | -0.36% | +0.46% | |
| 23 | GE | General Electric | 股票-工业 | 1.77% | +1.32% | -0.53% | |
| 24 | BAM | Brookfield Asset Mgmt-a | 股票-金融 | 1.36% | +0.87% | -0.37% | |
| 25 | UNP | Union Pacific CORP | 股票-工业 | 1.31% | +0.08% | +2.18% | |
| 26 | AZO | Autozone Inc | 股票-周期性消费 | 1.09% | -0.01% | -2.17% | |
| 27 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 0.40% | +0.05% | +1.32% | |
| 28 | UNH | Unitedhealth Group Inc | 股票-医疗保健 | 0.37% | +0.16% | +0.24% | |
| 29 | TJX | Tjx Companies Inc | 股票-周期性消费 | 0.35% | -0.22% | -0.00% | |
| 30 | AAPL | Apple Inc | 股票-科技 | 0.35% | +0.08% | +0.01% | |
| 31 | BF-B | Brown-forman Corp-class B | 股票-其他 | 0.35% | — | -49.28% | |
| 32 | AMZN | Amazon.com Inc | 股票-周期性消费 | 0.22% | +0.05% | +0.81% | |
| 33 | HD | Home Depot Inc | 股票-周期性消费 | 0.14% | +0.01% | -1.78% | |
| 34 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.13% | +0.02% | +0.39% | |
| 35 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股与成长 | 0.11% | — | -12.14% | |
| 36 | AMGN | Amgen Inc | 股票-医疗保健 | 0.11% | -0.01% | -10.17% | |
| 37 | VOO | Vanguard S&p 500 ETF | ETF-大型股与成长 | 0.09% | +0.02% | +8.08% | |
| 38 | MS | Morgan Stanley | 股票-金融 | 0.08% | +0.02% | +4.21% | |
| 39 | JNJ | Johnson & Johnson | 股票-医疗保健 | 0.07% | — | -0.40% | |
| 40 | HCA | Hca Healthcare Inc | 股票-医疗保健 | 0.07% | — | — | |
| 41 | WFC | Wells Fargo & Co | 股票-金融 | 0.07% | -0.01% | -0.02% | |
| 42 | XLK | Ss Technology Select Sector | ETF-科技型 | 0.07% | +0.02% | +99.08% | |
| 43 | NVDA | Nvidia CORP | 股票-科技 | 0.06% | +0.02% | -26.88% | |
| 44 | MGK | Vanguard Mega Cap Growth ETF | ETF-其他 | 0.06% | — | — | |
| 45 | COF | Capital One Financial CORP | 股票-金融 | 0.05% | — | — | |
| 46 | VLO | Valero Energy CORP | 股票-能源 | 0.05% | +0.01% | -0.31% | |
| 47 | TSLA | Tesla Inc | 股票-周期性消费 | 0.04% | +0.01% | +3.68% | |
| 48 | AVGO | Broadcom Inc | 股票-科技 | 0.04% | +0.02% | +6.06% | |
| 49 | META | Meta Platforms Inc-class A | 股票-通信服务 | 0.04% | -0.01% | +37.66% | |
| 50 | KO | Coca-cola Co/the | 股票-非周期性消费 | 0.04% | — | +2.71% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | GOOG | Alphabet Inc-cl C | +2.1% | -4.38% | 减仓 |
| 2 | DG | Dollar General CORP | +0.9% | +0.12% | 加仓 |
| 3 | ROST | Ross Stores Inc | +0.5% | -1.44% | 减仓 |
| 4 | MNST | Monster Beverage CORP | +0.4% | -1.11% | 减仓 |
| 5 | MKL | Markel Group Inc | +0.3% | -0.99% | 减仓 |
| 6 | ACN | Accenture plc | +0.1% | -2.05% | 减仓 |
| 7 | SPGI | S&p Global Inc | +0.1% | -0.49% | 减仓 |
| 8 | V | Visa Inc-class A Shares | +0.1% | +1.14% | 加仓 |
| 9 | GOOGL | Alphabet Inc-cl A | +0.1% | +1.32% | 加仓 |
| 10 | BA | Boeing Co/the | +0.1% | +3.10% | 加仓 |
| 11 | QCOM | Qualcomm Inc | 0% | -0.66% | 减仓 |
| 12 | IHF | Ishares U.s. Healthcare Prov | 0% | +5.94% | 加仓 |
| 13 | GE | General Electric | 0% | -0.53% | 减仓 |
| 14 | AAPL | Apple Inc | 0% | +0.01% | 加仓 |
| 15 | DIA | Ss Spdr Dow Jones Indus Avg | 0% | +70.34% | 加仓 |
| 16 | TJX | Tjx Companies Inc | 0% | -0.00% | 减仓 |
| 17 | AMZN | Amazon.com Inc | 0% | +0.81% | 加仓 |
| 18 | MS | Morgan Stanley | 0% | +4.21% | 加仓 |
| 19 | WDC | Western Digital CORP | 0% | -0.17% | 减仓 |
| 20 | SPY | Ss Spdr S&p 500 ETF Trust-us | 0% | -12.14% | 减仓 |
| 21 | MA | Mastercard Inc - A | 0% | +0.07% | 加仓 |
| 22 | HD | Home Depot Inc | 0% | -1.78% | 减仓 |
| 23 | NVDA | Nvidia CORP | 0% | -26.88% | 减仓 |
| 24 | UNH | Unitedhealth Group Inc | 0% | +0.24% | 加仓 |
| 25 | BF-A | Brown-forman Corp-class A | -0.1% | -71.19% | 减仓 |
| 26 | BRK-B | Berkshire Hathaway Inc-cl B | -0.1% | +0.57% | 加仓 |
| 27 | ADBE | Adobe Inc | -0.1% | -0.53% | 减仓 |
| 28 | INTU | Intuit Inc | -0.1% | +0.46% | 加仓 |
| 29 | BN | Brookfield CORP | -0.1% | +48.72% | 加仓 |
| 30 | BAM | Brookfield Asset Mgmt-a | -0.1% | -0.37% | 减仓 |
| 31 | NXPI | NXP Semiconductors N.V. | -0.2% | -1.12% | 减仓 |
| 32 | NKE | Nike Inc -cl B | -0.3% | +0.14% | 加仓 |
| 33 | AZO | Autozone Inc | -0.3% | -2.17% | 减仓 |
| 34 | BF-B | Brown-forman Corp-class B | -0.4% | -49.28% | 减仓 |
| 35 | PYPL | Paypal Holdings Inc | -0.4% | -0.27% | 减仓 |
| 36 | PAYC | Paycom Software Inc | -0.5% | +7.21% | 加仓 |
| 37 | MSFT | Microsoft CORP | -0.5% | -0.66% | 减仓 |
| 38 | ANET | Arista Networks Inc | -1% | -2.52% | 减仓 |
| 39 | KEL | Kellanova | — | EXIT | 清仓 |
| 40 | MGK | Vanguard Mega Cap Growth ETF | — | NEW | 新建仓 |
| 41 | SNDK | Sandisk CORP | — | NEW | 新建仓 |
| 42 | CPRT | Copart Inc | — | NEW | 新建仓 |
| 43 | T | At&t Inc | — | EXIT | 清仓 |
| 44 | LLY | Eli Lilly & Co | — | NEW | 新建仓 |
| 45 | MCK | Mckesson CORP | — | NEW | 新建仓 |
| 46 | VO | Vanguard Mid-cap ETF | — | EXIT | 清仓 |
| 47 | FBT | First Trust Nyse Arca Biotec | — | NEW | 新建仓 |
| 48 | MKTX | Marketaxess Holdings Inc | — | NEW | 新建仓 |
| 49 | RBC | RBC Bearings Inc | — | NEW | 新建仓 |
| 50 | MPC | Marathon Petroleum CORP | — | EXIT | 清仓 |
根据 SEC 官方 Form 13F 申报备案，Sather Financial Group Inc 在 Q4 2025 季度的美股持仓总市值约为 US$17.4亿，共申报了 110 个公开持股仓位。
在 Q4 2025 季度，Sather Financial Group Inc 按市值排列的前三大核心持股分别为：GOOG (11.5%)、BRK-B (10.4%)、ANET (6.4%)。其中最大持股仓位 GOOG 占据整体投资组合约 11.5% 的权重。
在 Q4 2025 季度中，Sather Financial Group Inc 共进行了 50 项持仓异动，包含新建仓 8 个仓位、加仓 16 个仓位、减仓 22 个仓位以及清仓 4 个仓位。 其中最大新建仓标的为 MGK。 本季清仓仓位包含 KEL。
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。
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。
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。