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: 0001145020
申报总市值
US$104.5亿
US$104.5亿
177 檔
27.5%
Thornburg Investment Management Inc 在 Q2 2025 季度的美股仓位总计估值为 US$104.5亿，分散于 177 个持仓标的之中，反映其市场参与广度与投资规模。
在 Q2 2025，Thornburg Investment Management Inc 展现出较为审慎的避险与获利了结姿态。本季共减仓 109 个仓位并完全清仓 16 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，Thornburg Investment Management Inc 的前 5 大核心持股（包含 T, AVGO, C 等）合计占整体申报市值的 27.5%，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 | T | At&t Inc | 股票-通信服务 | 10.23% | -2.21% | -0.37% | |
| 2 | AVGO | Broadcom Inc | 股票-科技 | 9.38% | -0.08% | -11.90% | |
| 3 | C | Citigroup Inc | 股票-金融 | 8.83% | +0.70% | +2.23% | |
| 4 | MRK | Merck & Co. Inc. | 股票-医疗保健 | 4.82% | — | +53.22% | |
| 5 | CME | Cme Group Inc | 股票-金融 | 3.66% | -1.12% | -0.05% | |
| 6 | EQH | Equitable Holdings Inc | 股票-金融 | 3.50% | +0.24% | — | |
| 7 | PFE | Pfizer Inc | 股票-医疗保健 | 3.26% | -0.20% | +5.69% | |
| 8 | TRP | Tc Energy CORP | 股票-能源 | 2.43% | -0.05% | — | |
| 9 | HD | Home Depot Inc | 股票-周期性消费 | 2.42% | -0.21% | +0.62% | |
| 10 | CSCO | Cisco Systems Inc | 股票-科技 | 2.18% | +0.70% | — | |
| 11 | MDT | Medtronic plc | 股票-医疗保健 | 2.16% | +0.07% | — | |
| 12 | ENB | Enbridge Inc | 股票-能源 | 2.09% | -0.15% | — | |
| 13 | CP | Canadian Pacific Kansas City | 股票-工业 | 2.08% | +0.01% | +31.28% | |
| 14 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 2.06% | +1.03% | -8.16% | |
| 15 | ALC | Alcon Inc. | 股票-医疗保健 | 1.84% | -0.28% | +21.18% | |
| 16 | FCX | Freeport-mcmoran Inc | 股票-原材料 | 1.63% | +0.26% | +2.52% | |
| 17 | LIN | Linde plc | 股票-原材料 | 1.57% | -0.06% | +0.17% | |
| 18 | LYB | LyondellBasell Industries N.V. | 股票-原材料 | 1.47% | -0.78% | -0.53% | |
| 19 | META | Meta Platforms Inc-class A | 股票-通信服务 | 1.47% | -0.05% | -8.66% | |
| 20 | RF | Regions Financial CORP | 股票-金融 | 1.39% | +0.18% | — | |
| 21 | PBR | Petroleo Brasileiro-spon Adr | 股票-能源 | 1.24% | -0.06% | -0.48% | |
| 22 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 1.21% | +0.40% | +8.21% | |
| 23 | ✓ | Ferrovial Se | 股票-其他 | 1.18% | -0.04% | +0.30% | |
| 24 | BZ | Kanzhun LTD - Adr | 股票-其他 | 1.07% | -0.20% | +97.62% | |
| 25 | MELI | Mercadolibre Inc | 股票-周期性消费 | 1.03% | -0.08% | -6.19% | |
| 26 | SCHW | Schwab (charles) CORP | 股票-金融 | 0.96% | +0.24% | -9.73% | |
| 27 | SLRC | Slr Investment CORP | 股票-其他 | 0.91% | -0.13% | — | |
| 28 | CIM | Chimera Investment CORP | 股票-其他 | 0.88% | -0.01% | — | |
| 29 | MA | Mastercard Inc - A | 股票-金融 | 0.78% | +0.10% | -4.74% | |
| 30 | ABBV | Abbvie Inc | 股票-医疗保健 | 0.76% | +0.16% | -1.45% | |
| 31 | NVO | Novo-nordisk A/s-spons Adr | 股票-医疗保健 | 0.73% | — | +14.61% | |
| 32 | BABA | Alibaba Group Holding-sp Adr | 股票-周期性消费 | 0.71% | -0.22% | -1.95% | |
| 33 | SE | Sea Ltd-adr | 股票-通信服务 | 0.65% | +0.01% | -14.01% | |
| 34 | SOBO | South Bow CORP | 股票-其他 | 0.55% | — | +114.48% | |
| 35 | CACI | Caci International Inc -cl A | 股票-科技 | 0.52% | -0.10% | -0.23% | |
| 36 | COF | Capital One Financial CORP | 股票-金融 | 0.52% | +0.12% | -0.34% | |
| 37 | RACE | Ferrari N.V. | 股票-周期性消费 | 0.51% | -0.06% | -4.34% | |
| 38 | TJX | Tjx Companies Inc | 股票-周期性消费 | 0.51% | +0.01% | -17.24% | |
| 39 | AZNN | Astrazeneca Plc-spons Adr | 股票-其他 | 0.48% | — | +3.59% | |
| 40 | MFIC | Midcap Financial Investment | 股票-其他 | 0.48% | -0.07% | — | |
| 41 | MRX | Marex Group plc | 股票-其他 | 0.42% | -0.03% | +19.64% | |
| 42 | LHX | L3harris Technologies Inc | 股票-工业 | 0.41% | -0.02% | -0.35% | |
| 43 | ELME | Elme Communities | 股票-其他 | 0.41% | — | -9.07% | |
| 44 | BLDR | Builders Firstsource Inc | 股票-工业 | 0.41% | -0.06% | +20.19% | |
| 45 | BKNG | Booking Holdings Inc | 股票-周期性消费 | 0.40% | +0.05% | -45.91% | |
| 46 | CWST | Casella Waste Systems Inc-a | 股票-工业 | 0.38% | -0.17% | EXIT | |
| 47 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.35% | — | -83.82% | |
| 48 | VRT | Vertiv Holdings Co-a | 股票-工业 | 0.29% | -0.24% | -13.64% | |
| 49 | FLUT | Flutter Entertainment plc | 股票-周期性消费 | 0.27% | — | -29.43% | |
| 50 | AGYS | Agilysys Inc | 股票-其他 | 0.27% | -0.09% | EXIT |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | AVGO | Broadcom Inc | +2.4% | -11.90% | 减仓 |
| 2 | C | Citigroup Inc | +1% | +2.23% | 加仓 |
| 3 | MRK | Merck & Co. Inc. | +1% | +53.22% | 加仓 |
| 4 | CP | Canadian Pacific Kansas City | +0.6% | +31.28% | 加仓 |
| 5 | BZ | Kanzhun LTD - Adr | +0.4% | +97.62% | 加仓 |
| 6 | TSM | Taiwan Semiconductor-sp Adr | +0.3% | -8.16% | 减仓 |
| 7 | SOBO | South Bow CORP | +0.3% | +114.48% | 加仓 |
| 8 | ANET | Arista Networks Inc | +0.2% | NEW | 新建仓 |
| 9 | CVSA | Covista Inc | +0.2% | NEW | 新建仓 |
| 10 | GOOGL | Alphabet Inc-cl A | +0.2% | +8.21% | 加仓 |
| 11 | MELI | Mercadolibre Inc | +0.1% | -6.19% | 减仓 |
| 12 | FCX | Freeport-mcmoran Inc | +0.1% | +2.52% | 加仓 |
| 13 | META | Meta Platforms Inc-class A | +0.1% | -8.66% | 减仓 |
| 14 | ✓ | Ferrovial Se | +0.1% | +0.30% | 加仓 |
| 15 | SMPL | Simply Good Foods Co/the | +0.1% | NEW | 新建仓 |
| 16 | TBBB | BBB Foods Inc. | +0.1% | +182.07% | 加仓 |
| 17 | CMCSA 2 10-15-29债券 | Comcast Holdings CORP | +0.1% | +79.89% | 加仓 |
| 18 | CACI | Caci International Inc -cl A | +0.1% | -0.23% | 减仓 |
| 19 | MRX | Marex Group plc | +0.1% | +19.64% | 加仓 |
| 20 | VRT | Vertiv Holdings Co-a | +0.1% | -13.64% | 减仓 |
| 21 | CSCO | Cisco Systems Inc | +0.1% | — | 不变 |
| 22 | ALC | Alcon Inc. | +0.1% | +21.18% | 加仓 |
| 23 | AGYS | Agilysys Inc | +0.1% | -4.36% | 减仓 |
| 24 | SHOP | Shopify Inc - Class A | +0.1% | +20.43% | 加仓 |
| 25 | BAP | Credicorp Ltd. | +0.1% | +51.09% | 加仓 |
| 26 | MYRG | Myr Group Inc/delaware | +0.1% | -10.63% | 减仓 |
| 27 | COF | Capital One Financial CORP | 0% | -0.34% | 减仓 |
| 28 | LHX | L3harris Technologies Inc | 0% | -0.35% | 减仓 |
| 29 | TLN | Talen Energy CORP | 0% | -2.22% | 减仓 |
| 30 | SITM | Sitime CORP | 0% | NEW | 新建仓 |
| 31 | CRDO | Credo Technology Group Holding Ltd | 0% | -24.31% | 减仓 |
| 32 | IOT | Samsara Inc-cl A | 0% | NEW | 新建仓 |
| 33 | NVO | Novo-nordisk A/s-spons Adr | 0% | +14.61% | 加仓 |
| 34 | NU | Nu Holdings Ltd. | 0% | -4.76% | 减仓 |
| 35 | COHR | Coherent CORP | 0% | -7.75% | 减仓 |
| 36 | AGX | Argan Inc | 0% | — | 不变 |
| 37 | IBN | Icici Bank Ltd-spon Adr | 0% | +40.61% | 加仓 |
| 38 | BROS | Dutch Bros Inc-class A | 0% | NEW | 新建仓 |
| 39 | BLDR | Builders Firstsource Inc | 0% | +20.19% | 加仓 |
| 40 | DTM | Dt Midstream Inc | 0% | +16.89% | 加仓 |
| 41 | MTSI | Macom Technology Solutions H | 0% | -7.82% | 减仓 |
| 42 | SXT | Sensient Technologies CORP | 0% | -7.80% | 减仓 |
| 43 | P | Everpure Inc-a | 0% | -8.09% | 减仓 |
| 44 | AL | Air Lease CORP | 0% | +4.69% | 加仓 |
| 45 | THC | Tenet Healthcare CORP | 0% | -5.32% | 减仓 |
| 46 | SARO | Standardaero Inc | 0% | +9.00% | 加仓 |
| 47 | MSFT | Microsoft CORP | 0% | -3.88% | 减仓 |
| 48 | ABNB 0 03-15-26债券 | Airbnb Inc | 0% | NEW | 新建仓 |
| 49 | PJT | Pjt Partners Inc - A | 0% | +7.34% | 加仓 |
| 50 | ING | Ing Groep N.v.-sponsored Adr | 0% | +2.60% | 加仓 |
根据 SEC 官方 Form 13F 申报备案，Thornburg Investment Management Inc 在 Q2 2025 季度的美股持仓总市值约为 US$104.5亿，共申报了 177 个公开持股仓位。
在 Q2 2025 季度，Thornburg Investment Management Inc 按市值排列的前三大核心持股分别为：T (10.2%)、AVGO (9.4%)、C (8.8%)。其中最大持股仓位 T 占据整体投资组合约 10.2% 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
ANET
市值: US$1488.5万
本季最大获利了结 / 清仓标的
TECK
前期市值: US$1147.1万
在 Q2 2025 季度中，Thornburg Investment Management Inc 共进行了 174 项持仓异动，包含新建仓 11 个仓位、加仓 38 个仓位、减仓 109 个仓位以及清仓 16 个仓位。 其中最大新建仓标的为 ANET。 本季清仓仓位包含 TECK。
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。