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: 0001317784
申报总市值
US$7.4亿
US$7.4亿
143 檔
15.3%
在 Q4 2025 的 13F 官方备案中，SFE Investment Counsel 管理的美股投资组合规模来到 US$7.4亿，整体持股档数为 143 档。
SFE Investment Counsel 在 Q4 2025 进行了结构性的板块轮动与仓位换股。在开立 1 个全新仓位及加仓 23 档持股的同时，亦同步清仓 3 档并减仓 23 档标的。
在资产配置集中度方面，SFE Investment Counsel 的前 5 大核心持股（包含 MSFT, NVDA, AAPL 等）合计占整体申报市值的 15.3%，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 | MSFT | Microsoft CORP | 股票-科技 | 4.07% | -0.41% | +1.65% | |
| 2 | NVDA | Nvidia CORP | 股票-科技 | 3.87% | — | -1.74% | |
| 3 | AAPL | Apple Inc | 股票-科技 | 3.62% | -0.11% | -6.75% | |
| 4 | JPM | Jpmorgan Chase & Co | 股票-金融 | 3.00% | -0.15% | -2.55% | |
| 5 | AVGO | Broadcom Inc | 股票-科技 | 2.78% | +0.07% | -3.29% | |
| 6 | AMZN | Amazon.com Inc | 股票-周期性消费 | 2.59% | — | -4.35% | |
| 7 | FSLR | First Solar Inc | 股票-科技 | 2.56% | +0.03% | -8.24% | |
| 8 | QCOM | Qualcomm Inc | 股票-科技 | 2.52% | +0.25% | -0.36% | |
| 9 | OKE | Oneok Inc | 股票-能源 | 2.32% | -0.52% | +7.77% | |
| 10 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 2.27% | +0.03% | -16.09% | |
| 11 | NEE | Nextera Energy Inc | 股票-公用事业 | 2.25% | -0.49% | +0.25% | |
| 12 | PANW | Palo Alto Networks Inc | 股票-科技 | 2.24% | +1.56% | +3.08% | |
| 13 | LOW | Lowe's Cos Inc | 股票-周期性消费 | 2.03% | -0.37% | +2.08% | |
| 14 | USB | US Bancorp | 股票-金融 | 1.89% | -0.01% | -0.18% | |
| 15 | CLF | Cleveland-cliffs Inc | 股票-原材料 | 1.85% | -0.04% | -9.55% | |
| 16 | GOOG | Alphabet Inc-cl C | 股票-通信服务 | 1.84% | +0.03% | -7.00% | |
| 17 | CMI | Cummins Inc | 股票-工业 | 1.77% | +0.11% | -6.54% | |
| 18 | IQV | Iqvia Holdings Inc | 股票-医疗保健 | 1.66% | +0.14% | -1.80% | |
| 19 | IBM | Intl Business Machines CORP | 股票-科技 | 1.55% | +0.15% | -1.58% | |
| 20 | KMB | Kimberly-clark CORP | 股票-非周期性消费 | 1.49% | +0.15% | — | |
| 21 | COST | Costco Wholesale CORP | 股票-非周期性消费 | 1.48% | -0.35% | +5.99% | |
| 22 | ABT | Abbott Laboratories | 股票-医疗保健 | 1.47% | -0.22% | -4.32% | |
| 23 | PRU | Prudential Financial Inc | 股票-金融 | 1.39% | -0.01% | +7.13% | |
| 24 | URI | United Rentals Inc | 股票-工业 | 1.33% | +0.46% | +2.69% | |
| 25 | BSJS | Invesco Bulletshares 2028 Hy | ETF-其他 | 1.28% | -0.16% | +3.03% | |
| 26 | LH | Labcorp Holdings Inc | 股票-医疗保健 | 1.26% | — | +4.29% | |
| 27 | BX | Blackstone Inc | 股票-金融 | 1.24% | -0.01% | +20.51% | |
| 28 | BSJR | Invesco Bulletshares 2027 Hy | ETF-其他 | 1.22% | -0.19% | +2.05% | |
| 29 | BSJT | Invesco Bulletshares 2029 Hy | ETF-其他 | 1.19% | -0.13% | +1.50% | |
| 30 | LHX | L3harris Technologies Inc | 股票-工业 | 1.16% | -0.36% | -1.28% | |
| 31 | PWR | Quanta Services Inc | 股票-工业 | 1.12% | +0.02% | +3.01% | |
| 32 | J | Jacobs Solutions Inc | 股票-工业 | 1.12% | -0.08% | +12.64% | |
| 33 | EXPE | Expedia Group Inc | 股票-周期性消费 | 1.08% | -0.15% | -5.53% | |
| 34 | BSJQ | Invesco Bulletshares 2026 Hy | ETF-其他 | 1.07% | -0.46% | -3.41% | |
| 35 | LLY | Eli Lilly & Co | 股票-医疗保健 | 1.00% | +0.13% | -2.50% | |
| 36 | BSCS | Invesco Bulletshares 2028 Cb | ETF-其他 | 1.00% | -0.06% | +3.84% | |
| 37 | AMD | Advanced Micro Devices | 股票-科技 | 0.97% | +0.86% | -4.76% | |
| 38 | BSJU | Invesco Bulletshares 2030 Hy | ETF-其他 | 0.97% | -0.05% | +11.17% | |
| 39 | WSM | Williams-sonoma Inc | 股票-周期性消费 | 0.96% | +0.13% | +10.69% | |
| 40 | DHR | Danaher CORP | 股票-医疗保健 | 0.95% | -0.09% | +5.63% | |
| 41 | DCI | Donaldson Co Inc | 股票-工业 | 0.93% | -0.09% | -10.26% | |
| 42 | XYL | Xylem Inc | 股票-工业 | 0.91% | -0.03% | +0.20% | |
| 43 | BSCT | Invesco Bulletshares 2029 Cb | ETF-其他 | 0.89% | -0.09% | +6.77% | |
| 44 | JNJ | Johnson & Johnson | 股票-医疗保健 | 0.87% | -0.11% | -1.55% | |
| 45 | BSCR | Invesco Bulletshares 2027 Cb | ETF-其他 | 0.86% | -0.07% | +10.38% | |
| 46 | IVV | Ishares Core S&p 500 ETF | ETF-大型股与成长 | 0.84% | -0.04% | +167.11% | |
| 47 | AMAT | Applied Materials Inc | 股票-科技 | 0.81% | +0.66% | -1.96% | |
| 48 | HASI | Ha Sustainable Infrastructur | 股票-金融 | 0.80% | -0.10% | +1.46% | |
| 49 | ETN | Eaton Corporation plc | 股票-工业 | 0.77% | — | +22.32% | |
| 50 | FDX | Fedex CORP | 股票-工业 | 0.76% | -0.19% | +0.38% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | IVV | Ishares Core S&p 500 ETF | +0.5% | +167.11% | 加仓 |
| 2 | KLAC | Kla CORP | +0.4% | +100.00% | 加仓 |
| 3 | CRM | Salesforce Inc | +0.4% | +82.65% | 加仓 |
| 4 | GOOG | Alphabet Inc-cl C | +0.2% | -7.00% | 减仓 |
| 5 | LLY | Eli Lilly & Co | +0.2% | -2.50% | 减仓 |
| 6 | UBER | Uber Technologies Inc | +0.2% | +79.27% | 加仓 |
| 7 | IQV | Iqvia Holdings Inc | +0.2% | -1.80% | 减仓 |
| 8 | EXPE | Expedia Group Inc | +0.2% | -5.53% | 减仓 |
| 9 | BSJV | Invesco Bulletshares 2031 Hy | +0.2% | +180.98% | 加仓 |
| 10 | AMD | Advanced Micro Devices | +0.2% | -4.76% | 减仓 |
| 11 | PRU | Prudential Financial Inc | +0.2% | +7.13% | 加仓 |
| 12 | CMF | Ishares California Muni Bond | +0.2% | +100.08% | 加仓 |
| 13 | DHR | Danaher CORP | +0.1% | +5.63% | 加仓 |
| 14 | CMI | Cummins Inc | +0.1% | -6.54% | 减仓 |
| 15 | AMAT | Applied Materials Inc | +0.1% | -1.96% | 减仓 |
| 16 | FDX | Fedex CORP | +0.1% | +0.38% | 加仓 |
| 17 | FSLR | First Solar Inc | +0.1% | -8.24% | 减仓 |
| 18 | USB | US Bancorp | +0.1% | -0.18% | 减仓 |
| 19 | OKE | Oneok Inc | +0.1% | +7.77% | 加仓 |
| 20 | TTEK | Tetra Tech Inc | +0.1% | +25.27% | 加仓 |
| 21 | GOOGL | Alphabet Inc-cl A | +0.1% | -16.09% | 减仓 |
| 22 | MRVL | Marvell Technology Inc | +0.1% | +30.61% | 加仓 |
| 23 | BSCV | Invesco Bulletshares 2031 Cb | +0.1% | +57.39% | 加仓 |
| 24 | BSJU | Invesco Bulletshares 2030 Hy | +0.1% | +11.17% | 加仓 |
| 25 | KMI | Kinder Morgan, Inc. | +0.1% | +18.66% | 加仓 |
| 26 | BSCU | Invesco Bulletshares 2030 Cb | +0.1% | +14.98% | 加仓 |
| 27 | NEE | Nextera Energy Inc | +0.1% | +0.25% | 加仓 |
| 28 | BX | Blackstone Inc | +0.1% | +20.51% | 加仓 |
| 29 | BSCR | Invesco Bulletshares 2027 Cb | +0.1% | +10.38% | 加仓 |
| 30 | CSCO | Cisco Systems Inc | +0.1% | -0.13% | 减仓 |
| 31 | JNJ | Johnson & Johnson | 0% | -1.55% | 减仓 |
| 32 | TNC | Tennant Co | -0.1% | -26.55% | 减仓 |
| 33 | ZTS | Zoetis Inc | -0.1% | -4.36% | 减仓 |
| 34 | ROP | Roper Technologies Inc | -0.1% | -0.09% | 减仓 |
| 35 | BDX | Becton Dickinson And Co | -0.1% | -13.79% | 减仓 |
| 36 | WY | Weyerhaeuser Co | -0.1% | -10.19% | 减仓 |
| 37 | ULTA | Ulta Beauty Inc | -0.1% | -33.32% | 减仓 |
| 38 | DE | Deere & Co | -0.1% | -30.05% | 减仓 |
| 39 | LH | Labcorp Holdings Inc | -0.2% | +4.29% | 加仓 |
| 40 | ABT | Abbott Laboratories | -0.2% | -4.32% | 减仓 |
| 41 | AWK | American Water Works Co Inc | -0.3% | -16.42% | 减仓 |
| 42 | PANW | Palo Alto Networks Inc | -0.3% | +3.08% | 加仓 |
| 43 | URI | United Rentals Inc | -0.3% | +2.69% | 加仓 |
| 44 | ABBV | Abbvie Inc | -0.3% | -25.06% | 减仓 |
| 45 | MSFT | Microsoft CORP | -0.4% | +1.65% | 加仓 |
| 46 | FISV | Fiserv Inc | -1% | -52.78% | 减仓 |
| 47 | KMB | Kimberly-clark CORP | — | NEW | 新建仓 |
| 48 | BSJP | Invesco Bulletshares 2025 Hy | — | EXIT | 清仓 |
| 49 | XEL | Xcel Energy Inc | — | EXIT | 清仓 |
| 50 | BSCP | Invesco Bulletshares 2025 Cb | — | EXIT | 清仓 |
根据 SEC 官方 Form 13F 申报备案，SFE Investment Counsel 在 Q4 2025 季度的美股持仓总市值约为 US$7.4亿，共申报了 143 个公开持股仓位。
在 Q4 2025 季度，SFE Investment Counsel 按市值排列的前三大核心持股分别为：MSFT (4.1%)、NVDA (3.9%)、AAPL (3.6%)。其中最大持股仓位 MSFT 占据整体投资组合约 4.1% 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
KMB
市值: US$972.1万
本季最大获利了结 / 清仓标的
BSJP
前期市值: US$137.4万
在 Q4 2025 季度中，SFE Investment Counsel 共进行了 50 项持仓异动，包含新建仓 1 个仓位、加仓 23 个仓位、减仓 23 个仓位以及清仓 3 个仓位。 其中最大新建仓标的为 KMB。 本季清仓仓位包含 BSJP。
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。