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: 0002071170
申报总市值
US$3.5亿
US$3.5亿
682 檔
41.7%
截至 Q4 2025 季度末，Towarzystwo Funduszy Inwestycyjnych Pzu SA 的美股持仓估值约为 US$3.5亿，全数申报仓位共有 682 档。
Towarzystwo Funduszy Inwestycyjnych Pzu SA 在 Q4 2025 进行了结构性的板块轮动与仓位换股。在开立 6 个全新仓位及加仓 21 档持股的同时，亦同步清仓 3 档并减仓 19 档标的。
在资产配置集中度方面，Towarzystwo Funduszy Inwestycyjnych Pzu SA 的前 5 大核心持股（包含 NVDA, MSFT, META 等）合计占整体申报市值的 41.7%，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 682 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 | 13.03% | +0.73% | +19.89% | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 9.94% | -0.94% | +0.26% | |
| 3 | META | Meta Platforms Inc-class A | 股票-通信服务 | 5.03% | -0.27% | +625.39% | |
| 4 | ✓ | On Holding AG | 股票-其他 | 4.99% | -0.40% | +11.26% | |
| 5 | AMZN | Amazon.com Inc | 股票-周期性消费 | 4.30% | -0.36% | -6.33% | |
| 6 | NKE | Nike Inc -cl B | 股票-周期性消费 | 3.54% | -0.16% | — | |
| 7 | AXON | Axon Enterprise Inc | 股票-工业 | 3.48% | +0.15% | +46.43% | |
| 8 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 3.18% | +0.19% | -43.90% | |
| 9 | AAPL | Apple Inc | 股票-科技 | 3.03% | +0.01% | -45.78% | |
| 10 | TJX | Tjx Companies Inc | 股票-周期性消费 | 2.21% | -0.09% | -45.52% | |
| 11 | CRM | Salesforce Inc | 股票-科技 | 2.18% | -0.33% | -3.66% | |
| 12 | AVGO | Broadcom Inc | 股票-科技 | 1.46% | +0.15% | +51.78% | |
| 13 | NEM | Newmont CORP | 股票-原材料 | 1.24% | -0.56% | +4.83% | |
| 14 | CCJ | Cameco CORP | 股票-能源 | 1.17% | -0.19% | -27.51% | |
| 15 | LLY | Eli Lilly & Co | 股票-医疗保健 | 1.10% | +0.08% | +0.12% | |
| 16 | SHYG | Ishares 0-5 Yr Hy CORP Bond | ETF-投资级公司债 | 0.96% | — | — | |
| 17 | AEM | Agnico Eagle Mines LTD | 股票-原材料 | 0.95% | -0.57% | +5.69% | |
| 18 | ISRG | Intuitive Surgical Inc | 股票-医疗保健 | 0.91% | -0.25% | -82.96% | |
| 19 | B | Barrick Mining CORP | 股票-原材料 | 0.76% | -0.30% | +6.44% | |
| 20 | FSLR | First Solar Inc | 股票-科技 | 0.68% | -0.33% | -34.60% | |
| 21 | TLT | Ishares 20+ Year Treasury Bd | ETF-政府公债 | 0.65% | — | — | |
| 22 | JNJ | Johnson & Johnson | 股票-医疗保健 | 0.62% | -0.09% | +13.00% | |
| 23 | CRWD | Crowdstrike Holdings Inc - A | 股票-科技 | 0.57% | +0.34% | -24.09% | |
| 24 | TSLA | Tesla Inc | 股票-周期性消费 | 0.55% | +0.04% | +10.73% | |
| 25 | UNH | Unitedhealth Group Inc | 股票-医疗保健 | 0.55% | +0.16% | -9.58% | |
| 26 | WPM | Wheaton Precious Metals CORP | 股票-原材料 | 0.53% | -0.27% | +6.38% | |
| 27 | DXCM | Dexcom Inc | 股票-医疗保健 | 0.50% | -0.05% | -70.03% | |
| 28 | GOOG | Alphabet Inc-cl C | 股票-通信服务 | 0.47% | +0.09% | +2.92% | |
| 29 | MU | Micron Technology Inc | 股票-科技 | 0.46% | +1.45% | -49.01% | |
| 30 | XOM | Exxon Mobil CORP | 股票-能源 | 0.46% | -0.50% | +8.51% | |
| 31 | GLD | Spdr Gold Shares | ETF-避险与商品 | 0.45% | +1.55% | -55.61% | |
| 32 | NET | Cloudflare Inc - Class A | 股票-科技 | 0.45% | -0.22% | +70.25% | |
| 33 | ABBV | Abbvie Inc | 股票-医疗保健 | 0.45% | -0.01% | +0.06% | |
| 34 | CSCO | Cisco Systems Inc | 股票-科技 | 0.43% | +0.08% | +1.32% | |
| 35 | CPER | United States Copper Index | ETF-大型股与成长 | 0.42% | — | — | |
| 36 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.38% | — | +1.30% | |
| 37 | V | Visa Inc-class A Shares | 股票-金融 | 0.36% | +0.02% | +2.48% | |
| 38 | KGC | Kinross Gold CORP | 股票-原材料 | 0.36% | -0.20% | +5.58% | |
| 39 | WMT | Walmart Inc | 股票-非周期性消费 | 0.33% | -0.10% | +3.04% | |
| 40 | MA | Mastercard Inc - A | 股票-金融 | 0.32% | -0.04% | +2.97% | |
| 41 | ZS | Zscaler Inc | 股票-科技 | 0.32% | -0.04% | +37.40% | |
| 42 | AU | AngloGold Ashanti plc | 股票-原材料 | 0.30% | -0.22% | -9.03% | |
| 43 | GFI | Gold Fields Ltd-spons Adr | 股票-原材料 | 0.30% | -0.19% | -3.55% | |
| 44 | MRK | Merck & Co. Inc. | 股票-医疗保健 | 0.30% | -0.09% | +0.09% | |
| 45 | ORCL | Oracle CORP | 股票-科技 | 0.29% | -0.03% | +9.70% | |
| 46 | AMD | Advanced Micro Devices | 股票-科技 | 0.29% | +0.44% | -34.00% | |
| 47 | NFLX | Netflix Inc | 股票-通信服务 | 0.28% | -0.10% | +760.11% | |
| 48 | PANW | Palo Alto Networks Inc | 股票-科技 | 0.28% | -0.08% | +91.87% | |
| 49 | BSX | Boston Scientific CORP | 股票-医疗保健 | 0.27% | -0.12% | +31.34% | |
| 50 | PAAS | Pan American Silver CORP | 股票-原材料 | 0.27% | -0.13% | +12.64% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | META | Meta Platforms Inc-class A | +4.3% | +625.39% | 加仓 |
| 2 | NVDA | Nvidia CORP | +2.8% | +19.89% | 加仓 |
| 3 | ✓ | On Holding AG | +1.1% | +11.26% | 加仓 |
| 4 | AXON | Axon Enterprise Inc | +0.7% | +46.43% | 加仓 |
| 5 | AVGO | Broadcom Inc | +0.6% | +51.78% | 加仓 |
| 6 | LLY | Eli Lilly & Co | +0.4% | +0.12% | 加仓 |
| 7 | NEM | Newmont CORP | +0.3% | +4.83% | 加仓 |
| 8 | CRM | Salesforce Inc | +0.3% | -3.66% | 减仓 |
| 9 | B | Barrick Mining CORP | +0.3% | +6.44% | 加仓 |
| 10 | KLAC | Kla CORP | +0.2% | +264.58% | 加仓 |
| 11 | NET | Cloudflare Inc - Class A | +0.2% | +70.25% | 加仓 |
| 12 | JNJ | Johnson & Johnson | +0.2% | +13.00% | 加仓 |
| 13 | PANW | Palo Alto Networks Inc | +0.1% | +91.87% | 加仓 |
| 14 | GOOG | Alphabet Inc-cl C | +0.1% | +2.92% | 加仓 |
| 15 | LULU | Lululemon Athletica Inc | +0.1% | +1600.00% | 加仓 |
| 16 | PAAS | Pan American Silver CORP | +0.1% | +12.64% | 加仓 |
| 17 | GEV | GE Vernova Inc | +0.1% | +68.15% | 加仓 |
| 18 | C | Citigroup Inc | +0.1% | +128.25% | 加仓 |
| 19 | GS | Goldman Sachs Group Inc | +0.1% | +84.72% | 加仓 |
| 20 | MSFT | Microsoft CORP | -0.1% | +0.26% | 加仓 |
| 21 | UNH | Unitedhealth Group Inc | -0.1% | -9.58% | 减仓 |
| 22 | ADBE | Adobe Inc | -0.1% | -23.22% | 减仓 |
| 23 | ORCL | Oracle CORP | -0.1% | +9.70% | 加仓 |
| 24 | UBER | Uber Technologies Inc | -0.1% | -18.37% | 减仓 |
| 25 | NKE | Nike Inc -cl B | -0.1% | — | 不变 |
| 26 | MSI | Motorola Solutions Inc | -0.1% | -72.62% | 减仓 |
| 27 | NFLX | Netflix Inc | -0.1% | +760.11% | 加仓 |
| 28 | FSLR | First Solar Inc | -0.1% | -34.60% | 减仓 |
| 29 | AMGN | Amgen Inc | -0.1% | -54.16% | 减仓 |
| 30 | CRWD | Crowdstrike Holdings Inc - A | -0.2% | -24.09% | 减仓 |
| 31 | AME | Ametek Inc | -0.2% | -92.97% | 减仓 |
| 32 | CCJ | Cameco CORP | -0.2% | -27.51% | 减仓 |
| 33 | DDOG | Datadog Inc - Class A | -0.2% | -69.45% | 减仓 |
| 34 | GLD | Spdr Gold Shares | -0.4% | -55.61% | 减仓 |
| 35 | GOOGL | Alphabet Inc-cl A | -1% | -43.90% | 减仓 |
| 36 | DXCM | Dexcom Inc | -1.1% | -70.03% | 减仓 |
| 37 | TJX | Tjx Companies Inc | -1.4% | -45.52% | 减仓 |
| 38 | AAPL | Apple Inc | -1.9% | -45.78% | 减仓 |
| 39 | PL | Planet Labs Pbc | -2.9% | -97.08% | 减仓 |
| 40 | ISRG | Intuitive Surgical Inc | -3.1% | -82.96% | 减仓 |
| 41 | LHX | L3harris Technologies Inc | -3.2% | -93.74% | 减仓 |
| 42 | CPER | United States Copper Index | — | NEW | 新建仓 |
| 43 | SITM | Sitime CORP | — | NEW | 新建仓 |
| 44 | AS | Amer Sports, Inc. | — | NEW | 新建仓 |
| 45 | RL | Ralph Lauren CORP | — | NEW | 新建仓 |
| 46 | ARGT | Global X Msci Argentina ETF | — | EXIT | 清仓 |
| 47 | BABA | Alibaba Group Holding-sp Adr | — | NEW | 新建仓 |
| 48 | IGV | Ishares Expanded Tech-softwa | — | EXIT | 清仓 |
| 49 | TTE | TotalEnergies SE | — | NEW | 新建仓 |
| 50 | IYH | Ishares U.s. Healthcare ETF | — | EXIT | 清仓 |
根据 SEC 官方 Form 13F 申报备案，Towarzystwo Funduszy Inwestycyjnych Pzu SA 在 Q4 2025 季度的美股持仓总市值约为 US$3.5亿，共申报了 682 个公开持股仓位。
在 Q4 2025 季度，Towarzystwo Funduszy Inwestycyjnych Pzu SA 按市值排列的前三大核心持股分别为：NVDA (13.0%)、MSFT (9.9%)、META (5.0%)。其中最大持股仓位 NVDA 占据整体投资组合约 13.0% 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
CPER
市值: US$166.1万
本季最大获利了结 / 清仓标的
ARGT
前期市值: US$73.7万
在 Q4 2025 季度中，Towarzystwo Funduszy Inwestycyjnych Pzu SA 共进行了 49 项持仓异动，包含新建仓 6 个仓位、加仓 21 个仓位、减仓 19 个仓位以及清仓 3 个仓位。 其中最大新建仓标的为 CPER。 本季清仓仓位包含 ARGT。
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。