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: 0001538846
申报总市值
US$58.4亿
US$58.4亿
606 檔
25.5%
在 Q4 2025 申报期间，South Dakota Investment Council（CIK: 0001538846）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$58.4亿，共持有 606 个公开申报仓位。
South Dakota Investment Council 在 Q4 2025 进行了结构性的板块轮动与仓位换股。在开立 4 个全新仓位及加仓 20 档持股的同时，亦同步清仓 2 档并减仓 24 档标的。
在资产配置集中度方面，South Dakota Investment Council 的前 5 大核心持股（包含 VWO, AGG, MSFT 等）合计占整体申报市值的 25.5%，反映机构在主要关键仓位上的权重分布。
仅显示前 200 大持股（共 606 只）
| # | 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 | VWO | Vanguard Ftse Emerging Marke | ETF-新兴市场 | 10.98% | -0.40% | -9.41% | |
| 2 | AGG | Ishares Core U.s. Aggregate | ETF-其他 | 5.36% | -0.33% | +1.31% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 4.15% | -0.33% | -4.29% | |
| 4 | NVDA | Nvidia CORP | 股票-科技 | 3.99% | +0.49% | +8.52% | |
| 5 | AAPL | Apple Inc | 股票-科技 | 3.90% | +0.06% | -5.30% | |
| 6 | VCSH | Vanguard S/t CORP Bond ETF | ETF-投资级公司债 | 2.49% | +0.49% | — | |
| 7 | AMZN | Amazon.com Inc | 股票-周期性消费 | 2.43% | +0.01% | -0.44% | |
| 8 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 2.09% | +0.08% | -12.72% | |
| 9 | VTOL | Bristow Group Inc | 股票-其他 | 1.93% | -0.62% | -13.24% | |
| 10 | GOOG | Alphabet Inc-cl C | 股票-通信服务 | 1.61% | +0.12% | -12.91% | |
| 11 | META | Meta Platforms Inc-class A | 股票-通信服务 | 1.46% | -0.10% | +2.32% | |
| 12 | USHY | Ishares Broad Usd High Yield | ETF-非投资级债 | 1.37% | -0.11% | — | |
| 13 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.05% | -0.08% | -5.59% | |
| 14 | UNH | Unitedhealth Group Inc | 股票-医疗保健 | 1.02% | -0.23% | -17.04% | |
| 15 | LLY | Eli Lilly & Co | 股票-医疗保健 | 0.98% | +0.06% | -15.27% | |
| 16 | HUM | Humana Inc | 股票-医疗保健 | 0.79% | -0.22% | +8.43% | |
| 17 | ELV | Elevance Health Inc | 股票-医疗保健 | 0.75% | -0.01% | -2.61% | |
| 18 | USB | US Bancorp | 股票-金融 | 0.74% | +0.01% | +8.21% | |
| 19 | AVGO | Broadcom Inc | 股票-科技 | 0.70% | +0.27% | +4.58% | |
| 20 | V | Visa Inc-class A Shares | 股票-金融 | 0.65% | — | -4.46% | |
| 21 | BBWI | Bath & Body Works Inc | 股票-周期性消费 | 0.64% | +0.12% | +110.92% | |
| 22 | COP | Conocophillips | 股票-能源 | 0.61% | -0.18% | +14.07% | |
| 23 | EG | Everest Group, Ltd. | 股票-金融 | 0.61% | -0.01% | +0.29% | |
| 24 | PFE | Pfizer Inc | 股票-医疗保健 | 0.57% | -0.16% | -5.90% | |
| 25 | CMCSA | Comcast Corp-class A | 股票-通信服务 | 0.53% | -0.07% | +5.08% | |
| 26 | MA | Mastercard Inc - A | 股票-金融 | 0.51% | -0.04% | -5.33% | |
| 27 | UPS | United Parcel Service-cl B | 股票-工业 | 0.51% | +0.01% | +0.07% | |
| 28 | RGA | Reinsurance Group Of America | 股票-金融 | 0.48% | — | -9.38% | |
| 29 | XOM | Exxon Mobil CORP | 股票-能源 | 0.46% | -0.49% | EXIT | |
| 30 | CNC | Centene CORP | 股票-医疗保健 | 0.46% | -0.10% | +9.20% | |
| 31 | AMD | Advanced Micro Devices | 股票-科技 | 0.46% | +0.57% | -22.04% | |
| 32 | AMAT | Applied Materials Inc | 股票-科技 | 0.46% | +0.33% | -16.23% | |
| 33 | WFC | Wells Fargo & Co | 股票-金融 | 0.45% | +0.06% | -3.25% | |
| 34 | TXN | Texas Instruments Inc | 股票-科技 | 0.44% | +0.09% | +38.53% | |
| 35 | TGT | Target CORP | 股票-周期性消费 | 0.41% | -0.25% | -0.49% | |
| 36 | SLB | Slb LTD | 股票-能源 | 0.41% | -0.13% | -1.53% | |
| 37 | ACGL | Arch Capital Group Ltd. | 股票-金融 | 0.41% | -0.04% | -3.17% | |
| 38 | MRK | Merck & Co. Inc. | 股票-医疗保健 | 0.41% | -0.04% | -2.55% | |
| 39 | C | Citigroup Inc | 股票-金融 | 0.40% | -0.02% | -11.94% | |
| 40 | TSLA | Tesla Inc | 股票-周期性消费 | 0.40% | — | -5.75% | |
| 41 | EOG | Eog Resources Inc | 股票-能源 | 0.39% | -0.12% | +25.94% | |
| 42 | IQV | Iqvia Holdings Inc | 股票-医疗保健 | 0.39% | +0.05% | -5.86% | |
| 43 | ALK | Alaska Air Group Inc | 股票-工业 | 0.39% | +0.10% | +21.78% | |
| 44 | STZ | Constellation Brands Inc-a | 股票-非周期性消费 | 0.39% | -0.07% | +14.57% | |
| 45 | APA | Apa CORP | 股票-能源 | 0.38% | -0.16% | -3.64% | |
| 46 | TMO | Thermo Fisher Scientific Inc | 股票-医疗保健 | 0.38% | -0.03% | -18.21% | |
| 47 | HAL | Halliburton Co | 股票-能源 | 0.37% | -0.11% | -10.13% | |
| 48 | DIS | Walt Disney Co/the | 股票-通信服务 | 0.36% | -0.03% | -3.77% | |
| 49 | PYPL | Paypal Holdings Inc | 股票-金融 | 0.36% | -0.04% | -4.10% | |
| 50 | BMY | Bristol-myers Squibb Co | 股票-医疗保健 | 0.36% | -0.04% | -14.87% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | ZTS | Zoetis Inc | +0.3% | +1055.49% | 加仓 |
| 2 | BBWI | Bath & Body Works Inc | +0.2% | +110.92% | 加仓 |
| 3 | NVDA | Nvidia CORP | +0.2% | +8.52% | 加仓 |
| 4 | SW | Smurfit Westrock Plc | +0.2% | +399.37% | 加仓 |
| 5 | GOOGL | Alphabet Inc-cl A | +0.2% | -12.72% | 减仓 |
| 6 | MOH | Molina Healthcare Inc | +0.2% | +110.25% | 加仓 |
| 7 | GOOG | Alphabet Inc-cl C | +0.2% | -12.91% | 减仓 |
| 8 | LLY | Eli Lilly & Co | +0.1% | -15.27% | 减仓 |
| 9 | HON | Honeywell International Inc | +0.1% | +165.55% | 加仓 |
| 10 | CLX | Clorox Company | +0.1% | +881.15% | 加仓 |
| 11 | USB | US Bancorp | +0.1% | +8.21% | 加仓 |
| 12 | CL | Colgate-palmolive Co | +0.1% | +213.96% | 加仓 |
| 13 | PG | Procter & Gamble Co/the | +0.1% | +95.19% | 加仓 |
| 14 | TXN | Texas Instruments Inc | +0.1% | +38.53% | 加仓 |
| 15 | CNC | Centene CORP | +0.1% | +9.20% | 加仓 |
| 16 | ACN | Accenture plc | +0.1% | +32.80% | 加仓 |
| 17 | ZBH | Zimmer Biomet Holdings Inc | +0.1% | +53.71% | 加仓 |
| 18 | ARW | Arrow Electronics Inc | +0.1% | +100.31% | 加仓 |
| 19 | IT | Gartner Inc | +0.1% | +397.20% | 加仓 |
| 20 | UPS | United Parcel Service-cl B | +0.1% | +0.07% | 加仓 |
| 21 | MRK | Merck & Co. Inc. | +0.1% | -2.55% | 减仓 |
| 22 | ALK | Alaska Air Group Inc | +0.1% | +21.78% | 加仓 |
| 23 | KVUE | Kenvue Inc | +0.1% | +90.40% | 加仓 |
| 24 | LBRT | Liberty Energy Inc | +0.1% | -13.94% | 减仓 |
| 25 | AMZN | Amazon.com Inc | +0.1% | -0.44% | 减仓 |
| 26 | CVX | Chevron CORP | -0.1% | -18.05% | 减仓 |
| 27 | CELH | Celsius Holdings Inc | -0.1% | -46.60% | 减仓 |
| 28 | IVZ | Invesco Ltd. | -0.1% | -70.71% | 减仓 |
| 29 | PVH | Pvh CORP | -0.1% | -2.59% | 减仓 |
| 30 | PYPL | Paypal Holdings Inc | -0.1% | -4.10% | 减仓 |
| 31 | FOXA | Fox CORP - Class A | -0.1% | -59.78% | 减仓 |
| 32 | CLF | Cleveland-cliffs Inc | -0.1% | -42.45% | 减仓 |
| 33 | RNR | RenaissanceRe Holdings Ltd. | -0.1% | -33.32% | 减仓 |
| 34 | SHEL | Shell Plc-adr | -0.1% | -44.39% | 减仓 |
| 35 | STT | State Street CORP | -0.1% | -60.12% | 减仓 |
| 36 | JNJ | Johnson & Johnson | -0.1% | -32.67% | 减仓 |
| 37 | DG | Dollar General CORP | -0.1% | -40.11% | 减仓 |
| 38 | OC | Owens Corning | -0.1% | -41.32% | 减仓 |
| 39 | CSCO | Cisco Systems Inc | -0.2% | -43.60% | 减仓 |
| 40 | META | Meta Platforms Inc-class A | -0.2% | +2.32% | 加仓 |
| 41 | UNH | Unitedhealth Group Inc | -0.3% | -17.04% | 减仓 |
| 42 | VTOL | Bristow Group Inc | -0.3% | -13.24% | 减仓 |
| 43 | MSFT | Microsoft CORP | -0.6% | -4.29% | 减仓 |
| 44 | VWO | Vanguard Ftse Emerging Marke | -1.5% | -9.41% | 减仓 |
| 45 | VCSH | Vanguard S/t CORP Bond ETF | — | NEW | 新建仓 |
| 46 | USHY | Ishares Broad Usd High Yield | — | NEW | 新建仓 |
| 47 | 07WA | Mr Cooper Group Inc | — | EXIT | 清仓 |
| 48 | RDN | Radian Group Inc | — | NEW | 新建仓 |
| 49 | RKT | Rocket Cos Inc-class A | — | NEW | 新建仓 |
| 50 | HN9 | Hanesbrands Inc | — | EXIT | 清仓 |
根据 SEC 官方 Form 13F 申报备案，South Dakota Investment Council 在 Q4 2025 季度的美股持仓总市值约为 US$58.4亿，共申报了 606 个公开持股仓位。
在 Q4 2025 季度，South Dakota Investment Council 按市值排列的前三大核心持股分别为：VWO (11.0%)、AGG (5.4%)、MSFT (4.2%)。其中最大持股仓位 VWO 占据整体投资组合约 11.0% 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
VCSH
市值: US$1.3亿
本季最大获利了结 / 清仓标的
07WA
前期市值: US$1126.5万
在 Q4 2025 季度中，South Dakota Investment Council 共进行了 50 项持仓异动，包含新建仓 4 个仓位、加仓 20 个仓位、减仓 24 个仓位以及清仓 2 个仓位。 其中最大新建仓标的为 VCSH。 本季清仓仓位包含 07WA。
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。