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: 0000796848
申报总市值
US$372.6亿
US$372.6亿
1619 檔
23.0%
Teacher Retirement System Of Texas 在 Q4 2025 季度的美股仓位总计估值为 US$372.6亿，分散于 1619 个持仓标的之中，反映其市场参与广度与投资规模。
在 Q4 2025，Teacher Retirement System Of Texas 操作展现出积极扩展与加仓意向。本季共新建仓 7 个新仓位，并对 109 个既有持股进行加仓（合计增持 116 档），相较减仓与清仓仓位显著占优。
在资产配置集中度方面，Teacher Retirement System Of Texas 的前 5 大核心持股（包含 VOO, NVDA, AAPL 等）合计占整体申报市值的 23.0%，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 1619 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 | VOO | Vanguard S&p 500 ETF | ETF-大型股与成长 | 14.35% | +12.20% | +164.71% | |
| 2 | NVDA | Nvidia CORP | 股票-科技 | 4.94% | -1.20% | +11.41% | |
| 3 | AAPL | Apple Inc | 股票-科技 | 4.40% | -0.83% | +11.05% | |
| 4 | MSFT | Microsoft CORP | 股票-科技 | 3.70% | -0.95% | +11.67% | |
| 5 | AMZN | Amazon.com Inc | 股票-周期性消费 | 2.30% | -0.34% | +10.68% | |
| 6 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 2.04% | -0.25% | +12.21% | |
| 7 | AVGO | Broadcom Inc | 股票-科技 | 1.76% | -0.23% | +13.28% | |
| 8 | GOOG | Alphabet Inc-cl C | 股票-通信服务 | 1.61% | -0.25% | +7.57% | |
| 9 | META | Meta Platforms Inc-class A | 股票-通信服务 | 1.60% | -0.44% | +11.84% | |
| 10 | IVV | Ishares Core S&p 500 ETF | ETF-大型股与成长 | 1.50% | -0.45% | +27.69% | |
| 11 | TSLA | Tesla Inc | 股票-周期性消费 | 1.20% | -0.19% | +5.42% | |
| 12 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.00% | -0.09% | +11.09% | |
| 13 | LLY | Eli Lilly & Co | 股票-医疗保健 | 1.00% | -0.08% | -7.55% | |
| 14 | EMXC | Ishares Msci Emr Mrk Ex Chna | ETF-其他 | 0.83% | -0.27% | +2.04% | |
| 15 | GLD | Spdr Gold Shares | ETF-避险与商品 | 0.78% | — | +103.65% | |
| 16 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.73% | -0.15% | +6.87% | |
| 17 | MA | Mastercard Inc - A | 股票-金融 | 0.65% | -0.18% | +11.44% | |
| 18 | V | Visa Inc-class A Shares | 股票-金融 | 0.60% | -0.10% | +20.48% | |
| 19 | JNJ | Johnson & Johnson | 股票-医疗保健 | 0.59% | -0.22% | -8.46% | |
| 20 | WMT | Walmart Inc | 股票-非周期性消费 | 0.57% | -0.14% | +18.59% | |
| 21 | XOM | Exxon Mobil CORP | 股票-能源 | 0.56% | -0.38% | +1.39% | |
| 22 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.52% | -0.30% | +10.59% | |
| 23 | VB | Vanguard Small-cap ETF | ETF-其他 | 0.51% | -0.16% | +89.47% | |
| 24 | BAC | Bank Of America CORP | 股票-金融 | 0.50% | -0.11% | +31.44% | |
| 25 | IJR | Ishares Core S&p Small-cap E | ETF-中小型股 | 0.49% | -0.14% | +92.05% | |
| 26 | GE | General Electric | 股票-工业 | 0.49% | -0.13% | +15.67% | |
| 27 | PG | Procter & Gamble Co/the | 股票-非周期性消费 | 0.48% | -0.18% | +19.84% | |
| 28 | NFLX | Netflix Inc | 股票-通信服务 | 0.48% | -0.37% | +991.81% | |
| 29 | ABBV | Abbvie Inc | 股票-医疗保健 | 0.47% | -0.07% | +2.57% | |
| 30 | KO | Coca-cola Co/the | 股票-非周期性消费 | 0.43% | -0.19% | +19.42% | |
| 31 | COST | Costco Wholesale CORP | 股票-非周期性消费 | 0.42% | -0.15% | +24.49% | |
| 32 | HD | Home Depot Inc | 股票-周期性消费 | 0.39% | -0.05% | +11.62% | |
| 33 | WFC | Wells Fargo & Co | 股票-金融 | 0.39% | -0.18% | +13.99% | |
| 34 | ADSK | Autodesk Inc | 股票-科技 | 0.38% | -0.10% | +3.88% | |
| 35 | LRCX | Lam Research CORP | 股票-科技 | 0.37% | +0.08% | +10.21% | |
| 36 | CSCO | Cisco Systems Inc | 股票-科技 | 0.36% | +0.03% | -0.08% | |
| 37 | CAT | Caterpillar Inc | 股票-工业 | 0.34% | +0.01% | +9.72% | |
| 38 | AMD | Advanced Micro Devices | 股票-科技 | 0.33% | +0.52% | +31.47% | |
| 39 | INTC | Intel CORP | 股票-科技 | 0.33% | +0.15% | +11.07% | |
| 40 | IBM | Intl Business Machines CORP | 股票-科技 | 0.32% | -0.17% | +17.84% | |
| 41 | BKNG | Booking Holdings Inc | 股票-周期性消费 | 0.32% | -0.06% | +13.48% | |
| 42 | GEV | GE Vernova Inc | 股票-工业 | 0.32% | -0.15% | +13.98% | |
| 43 | TJX | Tjx Companies Inc | 股票-周期性消费 | 0.31% | -0.11% | +3.41% | |
| 44 | SLV | Ishares Silver Trust | ETF-避险与商品 | 0.31% | — | +259.90% | |
| 45 | VZ | Verizon Communications Inc | 股票-通信服务 | 0.31% | -0.16% | +41.04% | |
| 46 | INTU | Intuit Inc | 股票-科技 | 0.31% | -0.18% | +8.40% | |
| 47 | ORCL | Oracle CORP | 股票-科技 | 0.30% | -0.09% | +7.60% | |
| 48 | PM | Philip Morris International | 股票-非周期性消费 | 0.30% | -0.08% | -3.14% | |
| 49 | APH | Amphenol Corp-cl A | 股票-科技 | 0.30% | -0.02% | -0.63% | |
| 50 | APG | Api Group CORP | 股票-工业 | 0.30% | -0.14% | +0.35% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | VOO | Vanguard S&p 500 ETF | +8.2% | +164.71% | 加仓 |
| 2 | GOOGL | Alphabet Inc-cl A | +0.4% | +12.21% | 加仓 |
| 3 | GLD | Spdr Gold Shares | +0.4% | +103.65% | 加仓 |
| 4 | GOOG | Alphabet Inc-cl C | +0.3% | +7.57% | 加仓 |
| 5 | SLV | Ishares Silver Trust | +0.2% | +259.90% | 加仓 |
| 6 | EQR | Equity Residential | +0.2% | +2011.99% | 加仓 |
| 7 | AVB | Avalonbay Communities Inc | +0.2% | +1765.82% | 加仓 |
| 8 | VB | Vanguard Small-cap ETF | +0.2% | +89.47% | 加仓 |
| 9 | IJR | Ishares Core S&p Small-cap E | +0.2% | +92.05% | 加仓 |
| 10 | WDC | Western Digital CORP | +0.2% | +534.57% | 加仓 |
| 11 | WMB | Williams Cos Inc | +0.2% | +423.62% | 加仓 |
| 12 | IVV | Ishares Core S&p 500 ETF | +0.2% | +27.69% | 加仓 |
| 13 | MU | Micron Technology Inc | +0.2% | +51.64% | 加仓 |
| 14 | ESS | Essex Property Trust Inc | +0.1% | +1768.04% | 加仓 |
| 15 | MAA | Mid-america Apartment Comm | +0.1% | +1766.49% | 加仓 |
| 16 | LLY | Eli Lilly & Co | +0.1% | -7.55% | 减仓 |
| 17 | AMD | Advanced Micro Devices | +0.1% | +31.47% | 加仓 |
| 18 | FIX | Comfort Systems USA Inc | +0.1% | +372.13% | 加仓 |
| 19 | HON | Honeywell International Inc | +0.1% | +117.45% | 加仓 |
| 20 | VEEV | Veeva Systems Inc-class A | +0.1% | +180.80% | 加仓 |
| 21 | STX | Seagate Technology Holdings plc | +0.1% | +293.77% | 加仓 |
| 22 | CRDO | Credo Technology Group Holding Ltd | +0.1% | +486.19% | 加仓 |
| 23 | BAC | Bank Of America CORP | +0.1% | +31.44% | 加仓 |
| 24 | UDR | Udr Inc | +0.1% | +1766.80% | 加仓 |
| 25 | BL | Blackline Inc | +0.1% | +5776.76% | 加仓 |
| 26 | AAPL | Apple Inc | +0.1% | +11.05% | 加仓 |
| 27 | ROST | Ross Stores Inc | +0.1% | +53.33% | 加仓 |
| 28 | CPT | Camden Property Trust | +0.1% | +517.93% | 加仓 |
| 29 | UHS | Universal Health Services-b | +0.1% | +380.29% | 加仓 |
| 30 | IRM | Iron Mountain Inc | +0.1% | +764.36% | 加仓 |
| 31 | RBRK | Rubrik Inc-a | +0.1% | +1375.63% | 加仓 |
| 32 | PFG | Principal Financial Group | +0.1% | +116.98% | 加仓 |
| 33 | AMT | American Tower CORP | +0.1% | +117.76% | 加仓 |
| 34 | ACGL | Arch Capital Group Ltd. | +0.1% | +437.26% | 加仓 |
| 35 | LRCX | Lam Research CORP | +0.1% | +10.21% | 加仓 |
| 36 | AG | First Majestic Silver CORP | +0.1% | +9.75% | 加仓 |
| 37 | LMT | Lockheed Martin CORP | +0.1% | +142.90% | 加仓 |
| 38 | IDXX | Idexx Laboratories Inc | +0.1% | +85.34% | 加仓 |
| 39 | TEL | TE Connectivity plc | +0.1% | +65.16% | 加仓 |
| 40 | LVS | Las Vegas Sands CORP | +0.1% | +328.51% | 加仓 |
| 41 | SPG | Simon Property Group Inc | +0.1% | +195.25% | 加仓 |
| 42 | WMT | Walmart Inc | +0.1% | +18.59% | 加仓 |
| 43 | ANET | Arista Networks Inc | +0.1% | +58.71% | 加仓 |
| 44 | NEM | Newmont CORP | +0.1% | +27.68% | 加仓 |
| 45 | HCA | Hca Healthcare Inc | +0.1% | +80.11% | 加仓 |
| 46 | TPR | Tapestry Inc | +0.1% | +105.06% | 加仓 |
| 47 | GGG | Graco Inc | +0.1% | +294.38% | 加仓 |
| 48 | PSA | Public Storage | +0.1% | +119.65% | 加仓 |
| 49 | F | Ford Motor Co | +0.1% | +61.26% | 加仓 |
| 50 | KVUE | Kenvue Inc | +0.1% | +284.30% | 加仓 |
根据 SEC 官方 Form 13F 申报备案，Teacher Retirement System Of Texas 在 Q4 2025 季度的美股持仓总市值约为 US$372.6亿，共申报了 1619 个公开持股仓位。
在 Q4 2025 季度，Teacher Retirement System Of Texas 按市值排列的前三大核心持股分别为：VOO (14.3%)、NVDA (4.9%)、AAPL (4.4%)。其中最大持股仓位 VOO 占据整体投资组合约 14.3% 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
B
市值: US$3048.5万
本季最大获利了结 / 清仓标的
BUR
前期市值: US$2351.9万
在 Q4 2025 季度中，Teacher Retirement System Of Texas 共进行了 199 项持仓异动，包含新建仓 7 个仓位、加仓 109 个仓位、减仓 80 个仓位以及清仓 3 个仓位。 其中最大新建仓标的为 B。 本季清仓仓位包含 BUR。
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。