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: 0001587973
申报总市值
US$336.6亿
US$336.6亿
1727 檔
17.9%
在 Q3 2025 申报期间，State of Tennessee, Department of Treasury（CIK: 0001587973）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$336.6亿，共持有 1727 个公开申报仓位。
在 Q3 2025，State of Tennessee, Department of Treasury 展现出较为审慎的避险与获利了结姿态。本季共减仓 105 个仓位并完全清仓 9 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，State of Tennessee, Department of Treasury 的前 5 大核心持股（包含 NVDA, MSFT, AAPL 等）合计占整体申报市值的 17.9%，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
FLIN
市值: US$1.9亿
本季最大获利了结 / 清仓标的
TLT
前期市值: US$2.0亿
仅显示前 200 大持股（共 1727 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 | NVDA | Nvidia CORP | 股票-科技 | 5.28% | +0.05% | -0.41% | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 4.47% | -0.36% | +0.69% | |
| 3 | AAPL | Apple Inc | 股票-科技 | 4.38% | +0.02% | -0.78% | |
| 4 | EWT | Ishares Msci Taiwan ETF | ETF-其他 | 3.45% | +0.23% | +1.90% | |
| 5 | AMZN | Amazon.com Inc | 股票-周期性消费 | 2.42% | +0.03% | +1.62% | |
| 6 | INDA | Ishares Msci India ETF | ETF-其他 | 2.03% | -0.37% | -25.07% | |
| 7 | EWY | Ishares Msci South Korea ETF | ETF-其他 | 1.93% | +0.60% | -0.37% | |
| 8 | META | Meta Platforms Inc-class A | 股票-通信服务 | 1.85% | -0.19% | -0.74% | |
| 9 | AVGO | Broadcom Inc | 股票-科技 | 1.82% | +0.13% | -0.23% | |
| 10 | VTI | Vanguard Total Stock Mkt ETF | ETF-其他 | 1.72% | -0.10% | -4.96% | |
| 11 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 1.61% | +0.21% | -0.20% | |
| 12 | TSLA | Tesla Inc | 股票-周期性消费 | 1.44% | +0.01% | +0.60% | |
| 13 | GOOG | Alphabet Inc-cl C | 股票-通信服务 | 1.35% | +0.14% | -1.26% | |
| 14 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.06% | -0.03% | +3.08% | |
| 15 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.05% | -0.09% | -0.14% | |
| 16 | SRLN | Ss Blackstone Sr Loan ETF | ETF-其他 | 0.91% | -0.27% | +2.40% | |
| 17 | PLD | Prologis Inc | 股票-房地产 | 0.88% | -0.11% | +15.48% | |
| 18 | VEA | Vanguard Ftse Developed ETF | ETF-其他 | 0.87% | -0.07% | -0.24% | |
| 19 | VCIT | Vanguard Int-term Corporate | ETF-投资级公司债 | 0.76% | -0.04% | +2.90% | |
| 20 | EWZ | Ishares Msci Brazil ETF | ETF-其他 | 0.76% | -0.24% | -0.81% | |
| 21 | VCLT | Vanguard Long-term CORP Bond | ETF-投资级公司债 | 0.74% | -0.04% | +1.71% | |
| 22 | MBB | Ishares Mbs ETF | ETF-其他 | 0.74% | -0.04% | +3.06% | |
| 23 | VNQ | Vanguard Real Estate ETF | ETF-其他 | 0.73% | -0.05% | +13.77% | |
| 24 | V | Visa Inc-class A Shares | 股票-金融 | 0.69% | — | +1.71% | |
| 25 | LLY | Eli Lilly & Co | 股票-医疗保健 | 0.68% | +0.15% | -3.67% | |
| 26 | FLIN | Franklin Ftse India ETF | ETF-其他 | 0.65% | -0.03% | — | |
| 27 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-非投资级债 | 0.62% | +0.14% | -16.57% | |
| 28 | NFLX | Netflix Inc | 股票-通信服务 | 0.61% | -0.17% | +0.89% | |
| 29 | XOM | Exxon Mobil CORP | 股票-能源 | 0.60% | -0.24% | +0.89% | |
| 30 | VOO | Vanguard S&p 500 ETF | ETF-大型股与成长 | 0.60% | +0.01% | -0.33% | |
| 31 | EZA | Ishares Msci South Africa Et | ETF-其他 | 0.59% | -0.15% | — | |
| 32 | MA | Mastercard Inc - A | 股票-金融 | 0.54% | -0.05% | +0.11% | |
| 33 | WMT | Walmart Inc | 股票-非周期性消费 | 0.51% | -0.12% | +0.72% | |
| 34 | ORCL | Oracle CORP | 股票-科技 | 0.51% | -0.03% | +4.50% | |
| 35 | LIN | Linde plc | 股票-原材料 | 0.51% | -0.02% | -0.95% | |
| 36 | JNJ | Johnson & Johnson | 股票-医疗保健 | 0.50% | -0.08% | -3.63% | |
| 37 | ABBV | Abbvie Inc | 股票-医疗保健 | 0.47% | — | -6.79% | |
| 38 | HD | Home Depot Inc | 股票-周期性消费 | 0.47% | -0.03% | +0.39% | |
| 39 | COST | Costco Wholesale CORP | 股票-非周期性消费 | 0.46% | -0.09% | -0.22% | |
| 40 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.44% | -0.10% | +5.75% | |
| 41 | RACE | Ferrari N.V. | 股票-周期性消费 | 0.42% | +0.01% | +2.33% | |
| 42 | RY | Royal Bank Of Canada | 股票-金融 | 0.40% | +0.06% | -0.92% | |
| 43 | PG | Procter & Gamble Co/the | 股票-非周期性消费 | 0.40% | -0.04% | -5.98% | |
| 44 | BAC | Bank Of America CORP | 股票-金融 | 0.40% | +0.01% | — | |
| 45 | UNH | Unitedhealth Group Inc | 股票-医疗保健 | 0.39% | +0.05% | +0.22% | |
| 46 | GE | General Electric | 股票-工业 | 0.39% | +0.05% | -0.22% | |
| 47 | SHOP | Shopify Inc - Class A | 股票-科技 | 0.36% | -0.11% | -3.03% | |
| 48 | CVX | Chevron CORP | 股票-能源 | 0.35% | -0.14% | +25.33% | |
| 49 | CSCO | Cisco Systems Inc | 股票-科技 | 0.34% | +0.12% | +6.79% | |
| 50 | PM | Philip Morris International | 股票-非周期性消费 | 0.33% | -0.02% | +7.52% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +1.6% | -0.41% | 减仓 |
| 2 | AVGO | Broadcom Inc | +0.7% | -0.23% | 减仓 |
| 3 | MSFT | Microsoft CORP | +0.7% | +0.69% | 减仓 |
| 4 | EWT | Ishares Msci Taiwan ETF | +0.6% | +1.90% | 加仓 |
| 5 | TSLA | Tesla Inc | +0.4% | +0.60% | 减仓 |
| 6 | EWY | Ishares Msci South Korea ETF | +0.4% | -0.37% | 减仓 |
| 7 | GOOGL | Alphabet Inc-cl A | +0.4% | -0.20% | 减仓 |
| 8 | GOOG | Alphabet Inc-cl C | +0.3% | -1.26% | 减仓 |
| 9 | ORCL | Oracle CORP | +0.2% | +4.50% | 减仓 |
| 10 | PLTR | Palantir Technologies Inc-a | +0.2% | +5.75% | 减仓 |
| 11 | PLD | Prologis Inc | +0.1% | +15.48% | 加仓 |
| 12 | JPM | Jpmorgan Chase & Co | +0.1% | +3.08% | 加仓 |
| 13 | META | Meta Platforms Inc-class A | +0.1% | -0.74% | 减仓 |
| 14 | GE | General Electric | +0.1% | -0.22% | 减仓 |
| 15 | SHOP | Shopify Inc - Class A | +0.1% | -3.03% | 减仓 |
| 16 | EZA | Ishares Msci South Africa Et | +0.1% | — | 不变 |
| 17 | MU | Micron Technology Inc | +0.1% | +8.17% | 减仓 |
| 18 | APH | Amphenol Corp-cl A | +0.1% | +21.10% | 加仓 |
| 19 | GEV | GE Vernova Inc | +0.1% | +0.17% | 减仓 |
| 20 | NEM | Newmont CORP | +0.1% | +30.20% | 加仓 |
| 21 | AMD | Advanced Micro Devices | +0.1% | -3.90% | 减仓 |
| 22 | MNST | Monster Beverage CORP | +0.1% | +154.97% | 加仓 |
| 23 | SE | Sea Ltd-adr | +0.1% | — | 加仓 |
| 24 | COF | Capital One Financial CORP | +0.1% | +3.47% | 加仓 |
| 25 | KLAC | Kla CORP | +0.1% | +12.60% | 加仓 |
| 26 | ADM | Archer-daniels-midland Co | +0.1% | +211.84% | 加仓 |
| 27 | INTC | Intel CORP | +0.1% | +0.87% | 加仓 |
| 28 | LRCX | Lam Research CORP | +0.1% | +5.60% | 减仓 |
| 29 | CDNS | Cadence Design Sys Inc | +0.1% | +11.18% | 加仓 |
| 30 | AEM | Agnico Eagle Mines LTD | +0.1% | +5.13% | 减仓 |
| 31 | ASML | ASML Holding N.V. | +0.1% | +9.23% | 加仓 |
| 32 | WMB | Williams Cos Inc | +0.1% | +4.57% | 加仓 |
| 33 | STX | Seagate Technology Holdings plc | +0.1% | +66.22% | 加仓 |
| 34 | RY | Royal Bank Of Canada | 0% | -0.92% | 减仓 |
| 35 | UBS | UBS Group AG | 0% | +1.29% | 加仓 |
| 36 | TD | Toronto-dominion Bank | 0% | -0.22% | 减仓 |
| 37 | CAT | Caterpillar Inc | 0% | +1.05% | 减仓 |
| 38 | MO | Altria Group Inc | 0% | +33.67% | 加仓 |
| 39 | ADI | Analog Devices Inc | 0% | — | 加仓 |
| 40 | AMAT | Applied Materials Inc | 0% | +0.89% | 减仓 |
| 41 | GEHC | GE Healthcare Technology | 0% | +168.49% | 加仓 |
| 42 | NFLX | Netflix Inc | 0% | +0.89% | 减仓 |
| 43 | UBER | Uber Technologies Inc | 0% | +13.97% | 减仓 |
| 44 | C | Citigroup Inc | 0% | — | 减仓 |
| 45 | MS | Morgan Stanley | 0% | -1.58% | 减仓 |
| 46 | ANET | Arista Networks Inc | 0% | +3.03% | 减仓 |
| 47 | BMO | Bank Of Montreal | 0% | -0.24% | 减仓 |
| 48 | GD | General Dynamics CORP | 0% | +27.89% | 加仓 |
| 49 | DG | Dollar General CORP | 0% | +139.79% | 加仓 |
| 50 | XYL | Xylem Inc | 0% | +37.99% | 加仓 |
根据 SEC 官方 Form 13F 申报备案，State of Tennessee, Department of Treasury 在 Q3 2025 季度的美股持仓总市值约为 US$336.6亿，共申报了 1727 个公开持股仓位。
在 Q3 2025 季度，State of Tennessee, Department of Treasury 按市值排列的前三大核心持股分别为：NVDA (5.3%)、MSFT (4.5%)、AAPL (4.4%)。其中最大持股仓位 NVDA 占据整体投资组合约 5.3% 的权重。
在 Q3 2025 季度中，State of Tennessee, Department of Treasury 共进行了 197 项持仓异动，包含新建仓 16 个仓位、加仓 67 个仓位、减仓 105 个仓位以及清仓 9 个仓位。 其中最大新建仓标的为 FLIN。 本季清仓仓位包含 TLT。
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。