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: 0001427008
申报总市值
US$46.6亿
US$46.6亿
34 檔
32.0%
截至 Q3 2025 季度末，Smead Capital Management, Inc. 的美股持仓估值约为 US$46.6亿，全数申报仓位共有 34 档。
在 Q3 2025，Smead Capital Management, Inc. 展现出较为审慎的避险与获利了结姿态。本季共减仓 24 个仓位并完全清仓 4 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，Smead Capital Management, Inc. 的前 5 大核心持股（包含 SPG, DHI, CVE 等）合计占整体申报市值的 32.0%，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
FANG
市值: US$1.9亿
本季最大获利了结 / 清仓标的
BRK-B
前期市值: US$1.0亿
| # | 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 | SPG | Simon Property Group Inc | 股票-房地产 | 6.94% | +0.38% | -7.11% | |
| 2 | DHI | Dr Horton Inc | 股票-周期性消费 | 6.02% | +0.47% | -7.11% | |
| 3 | CVE | Cenovus Energy Inc | 股票-能源 | 5.37% | -1.47% | -6.62% | |
| 4 | AXP | American Express Co | 股票-金融 | 5.27% | +0.16% | -7.11% | |
| 5 | MAC | Macerich Co/the | 股票-其他 | 5.25% | +1.20% | -7.11% | |
| 6 | MRK | Merck & Co. Inc. | 股票-医疗保健 | 4.92% | -0.04% | -7.12% | |
| 7 | APA | Apa CORP | 股票-能源 | 4.77% | -2.17% | -7.13% | |
| 8 | LEN | Lennar Corp-a | 股票-周期性消费 | 4.75% | +0.92% | -7.11% | |
| 9 | AMGN | Amgen Inc | 股票-医疗保健 | 4.67% | -0.22% | -7.11% | |
| 10 | NVR | Nvr Inc | 股票-周期性消费 | 4.11% | +1.04% | -7.11% | |
| 11 | EBAY | Ebay Inc | 股票-周期性消费 | 3.82% | -1.55% | -25.87% | |
| 12 | JPM | Jpmorgan Chase & Co | 股票-金融 | 3.67% | +0.10% | -7.11% | |
| 13 | FANG | Diamondback Energy Inc | 股票-能源 | 3.63% | -0.79% | +24.56% | |
| 14 | OXY | Occidental Petroleum CORP | 股票-能源 | 3.46% | -1.37% | -6.99% | |
| 15 | BAC | Bank Of America CORP | 股票-金融 | 3.38% | +0.26% | -7.11% | |
| 16 | COP | Conocophillips | 股票-能源 | 3.20% | -1.28% | -7.10% | |
| 17 | TGT | Target CORP | 股票-周期性消费 | 3.17% | +0.01% | -7.23% | |
| 18 | HD | Home Depot Inc | 股票-周期性消费 | 2.95% | — | -7.11% | |
| 19 | OVV | Ovintiv Inc | 股票-能源 | 2.70% | — | -20.58% | |
| 20 | UHAL-B | U-haul Holding Co-non Voting | 股票-其他 | 2.59% | +0.42% | -7.23% | |
| 21 | WAL | Western Alliance Bancorp | 股票-金融 | 2.23% | +0.72% | -7.11% | |
| 22 | UNH | Unitedhealth Group Inc | 股票-医疗保健 | 2.20% | +0.89% | +30.77% | |
| 23 | QCOM | Qualcomm Inc | 股票-科技 | 2.15% | -1.53% | EXIT | |
| 24 | CACC | Credit Acceptance CORP | 股票-其他 | 1.82% | +0.78% | -7.11% | |
| 25 | ULTA | Ulta Beauty Inc | 股票-周期性消费 | 1.62% | -0.28% | -7.11% | |
| 26 | FITB | Fifth Third Bancorp | 股票-金融 | 1.40% | +0.98% | -7.10% | |
| 27 | MTB | M & T Bank CORP | 股票-金融 | 1.38% | +0.10% | -7.10% | |
| 28 | CROX | Crocs Inc | 股票-周期性消费 | 1.02% | +0.34% | — | |
| 29 | DVN | Devon Energy CORP | 股票-能源 | 1.00% | — | -38.40% | |
| 30 | FRO | Frontline plc | 股票-其他 | 0.26% | — | — | |
| 31 | WFG | West Fraser Timber Co LTD | 股票-其他 | 0.16% | +0.02% | — | |
| 32 | OXY-WS | Occidental Petroleum-cw27 | 股票-其他 | 0.08% | -0.10% | — | |
| 33 | IWD | Ishares Russell 1000 Value E | ETF-其他 | 0.02% | — | +57.49% | |
| 34 | VTV | Vanguard Value ETF | ETF-其他 | — | — | -13.92% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | CVE | Cenovus Energy Inc | +1.7% | -6.62% | 加仓 |
| 2 | DHI | Dr Horton Inc | +1.1% | -7.11% | 减仓 |
| 3 | WAL | Western Alliance Bancorp | +0.6% | -7.11% | 加仓 |
| 4 | QCOM | Qualcomm Inc | +0.5% | -7.11% | 加仓 |
| 5 | ULTA | Ulta Beauty Inc | +0.4% | -7.11% | 减仓 |
| 6 | APA | Apa CORP | +0.3% | -7.13% | 减仓 |
| 7 | SPG | Simon Property Group Inc | +0.3% | -7.11% | 减仓 |
| 8 | TGT | Target CORP | +0.2% | -7.23% | 加仓 |
| 9 | CACC | Credit Acceptance CORP | +0.2% | -7.11% | 加仓 |
| 10 | UHAL-B | U-haul Holding Co-non Voting | +0.2% | -7.23% | 加仓 |
| 11 | NVR | Nvr Inc | +0.1% | -7.11% | 减仓 |
| 12 | FRO | Frontline plc | +0.1% | — | 减仓 |
| 13 | LEN | Lennar Corp-a | +0.1% | -7.11% | 减仓 |
| 14 | FITB | Fifth Third Bancorp | +0.1% | -7.10% | 减仓 |
| 15 | HD | Home Depot Inc | +0.1% | -7.11% | 减仓 |
| 16 | MTB | M & T Bank CORP | 0% | -7.10% | 减仓 |
| 17 | OXY-WS | Occidental Petroleum-cw27 | 0% | — | 减仓 |
| 18 | WFG | West Fraser Timber Co LTD | — | — | 减仓 |
| 19 | IWD | Ishares Russell 1000 Value E | — | +57.49% | 减仓 |
| 20 | EBAY | Ebay Inc | 0% | -25.87% | 减仓 |
| 21 | MAC | Macerich Co/the | -0.1% | -7.11% | 减仓 |
| 22 | MRK | Merck & Co. Inc. | -0.2% | -7.12% | 减仓 |
| 23 | AXP | American Express Co | -0.4% | -7.11% | 减仓 |
| 24 | JPM | Jpmorgan Chase & Co | -0.5% | -7.11% | 减仓 |
| 25 | COP | Conocophillips | -0.7% | -7.10% | 减仓 |
| 26 | BAC | Bank Of America CORP | -0.7% | -7.11% | 减仓 |
| 27 | AMGN | Amgen Inc | -0.9% | -7.11% | 减仓 |
| 28 | OXY | Occidental Petroleum CORP | -1.6% | -6.99% | 减仓 |
| 29 | OVV | Ovintiv Inc | -1.7% | -20.58% | 减仓 |
| 30 | DVN | Devon Energy CORP | -2.7% | -38.40% | 减仓 |
| 31 | FANG | Diamondback Energy Inc | — | NEW | 新建仓 |
| 32 | UNH | Unitedhealth Group Inc | — | NEW | 新建仓 |
| 33 | BRK-B | Berkshire Hathaway Inc-cl B | — | EXIT | 清仓 |
| 34 | SIRI | Sirius Xm Holdings Inc | — | EXIT | 清仓 |
| 35 | CROX | Crocs Inc | — | NEW | 新建仓 |
| 36 | MRP | Millrose Properties | — | EXIT | 清仓 |
| 37 | UHAL | U-haul Holding Co | — | EXIT | 清仓 |
| 38 | VTV | Vanguard Value ETF | — | NEW | 新建仓 |
根据 SEC 官方 Form 13F 申报备案，Smead Capital Management, Inc. 在 Q3 2025 季度的美股持仓总市值约为 US$46.6亿，共申报了 34 个公开持股仓位。
在 Q3 2025 季度，Smead Capital Management, Inc. 按市值排列的前三大核心持股分别为：SPG (6.9%)、DHI (6.0%)、CVE (5.4%)。其中最大持股仓位 SPG 占据整体投资组合约 6.9% 的权重。
在 Q3 2025 季度中，Smead Capital Management, Inc. 共进行了 38 项持仓异动，包含新建仓 4 个仓位、加仓 6 个仓位、减仓 24 个仓位以及清仓 4 个仓位。 其中最大新建仓标的为 FANG。 本季清仓仓位包含 BRK-B。
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。