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: 0001535588
申报总市值
US$53.1亿
US$53.1亿
716 檔
39.0%
在 Q4 2025 申报期间，Twin Tree Management, LP（CIK: 0001535588）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$53.1亿，共持有 716 个公开申报仓位。
在 Q4 2025，Twin Tree Management, LP 展现出较为审慎的避险与获利了结姿态。本季共减仓 170 个仓位并完全清仓 10 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，Twin Tree Management, LP 的前 5 大核心持股（包含 SPY, GLD, IAU 等）合计占整体申报市值的 39.0%，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 716 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 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股与成长 | 7.24% | -1.96% | -65.04% | |
| 2 | GLD | Spdr Gold Shares | ETF-避险与商品 | 6.22% | -0.97% | -60.77% | |
| 3 | IAU | Ishares Gold Trust | ETF-避险与商品 | 1.90% | -0.22% | -70.36% | |
| 4 | MU | Micron Technology Inc | 股票-科技 | 1.47% | +0.13% | -68.48% | |
| 5 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.25% | +0.05% | +81.45% | |
| 6 | AMGN | Amgen Inc | 股票-医疗保健 | 1.19% | -0.06% | -29.58% | |
| 7 | TSLA | Tesla Inc | 股票-周期性消费 | 0.98% | +0.03% | -64.35% | |
| 8 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 0.92% | +0.83% | -47.47% | |
| 9 | NKE | Nike Inc -cl B | 股票-周期性消费 | 0.91% | -0.10% | -19.03% | |
| 10 | AAPL | Apple Inc | 股票-科技 | 0.89% | -0.13% | -76.40% | |
| 11 | AMAT | Applied Materials Inc | 股票-科技 | 0.83% | +0.29% | -61.98% | |
| 12 | GLW | Corning Inc | 股票-科技 | 0.81% | +0.13% | +21.52% | |
| 13 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.81% | -0.27% | -11.54% | |
| 14 | CSCO | Cisco Systems Inc | 股票-科技 | 0.81% | -1.14% | -0.79% | |
| 15 | GDX | Vaneck Gold Miners ETF | ETF-避险与商品 | 0.75% | -0.52% | -58.98% | |
| 16 | TER | Teradyne Inc | 股票-科技 | 0.73% | -0.43% | +72.44% | |
| 17 | UPS | United Parcel Service-cl B | 股票-工业 | 0.73% | +0.36% | +133.39% | |
| 18 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 0.68% | -0.19% | +72.38% | |
| 19 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.68% | -0.43% | -0.51% | |
| 20 | AVGO | Broadcom Inc | 股票-科技 | 0.64% | +0.11% | -42.31% | |
| 21 | LRCX | Lam Research CORP | 股票-科技 | 0.63% | +0.18% | NEW | |
| 22 | TMO | Thermo Fisher Scientific Inc | 股票-医疗保健 | 0.62% | -0.08% | +5.88% | |
| 23 | CVS | Cvs Health CORP | 股票-医疗保健 | 0.61% | +0.23% | -39.69% | |
| 24 | CRWD | Crowdstrike Holdings Inc - A | 股票-科技 | 0.59% | -0.15% | -51.19% | |
| 25 | AMD | Advanced Micro Devices | 股票-科技 | 0.59% | -0.14% | EXIT | |
| 26 | SOXX | Ishares Semiconductor ETF | ETF-其他 | 0.59% | +0.16% | NEW | |
| 27 | COIN | Coinbase Global Inc -class A | 股票-金融 | 0.58% | -0.08% | -11.92% | |
| 28 | MCD | Mcdonald's CORP | 股票-周期性消费 | 0.55% | -0.35% | -59.73% | |
| 29 | PFE | Pfizer Inc | 股票-医疗保健 | 0.53% | +0.25% | +30.83% | |
| 30 | JNJ | Johnson & Johnson | 股票-医疗保健 | 0.52% | -0.26% | -60.23% | |
| 31 | XYZ | Block Inc | 股票-金融 | 0.50% | — | -7.14% | |
| 32 | O | Realty Income CORP | 股票-房地产 | 0.50% | +0.03% | +72.91% | |
| 33 | BMY | Bristol-myers Squibb Co | 股票-医疗保健 | 0.50% | -0.41% | +69.38% | |
| 34 | ARM | Arm Holdings Plc-adr | 股票-科技 | 0.49% | +0.09% | -48.82% | |
| 35 | NEE | Nextera Energy Inc | 股票-公用事业 | 0.49% | +0.05% | -15.98% | |
| 36 | EFA | Ishares Msci Eafe ETF | ETF-其他 | 0.49% | +0.08% | -55.38% | |
| 37 | B | Barrick Mining CORP | 股票-原材料 | 0.49% | +0.03% | -5.40% | |
| 38 | LMT | Lockheed Martin CORP | 股票-工业 | 0.49% | -0.14% | +46.06% | |
| 39 | ISRG | Intuitive Surgical Inc | 股票-医疗保健 | 0.46% | -0.09% | +121.29% | |
| 40 | CEG | Constellation Energy | 股票-公用事业 | 0.45% | +0.18% | +198.30% | |
| 41 | KLAC | Kla CORP | 股票-科技 | 0.45% | -0.18% | +78.44% | |
| 42 | PAAS | Pan American Silver CORP | 股票-原材料 | 0.45% | +0.02% | -43.52% | |
| 43 | APH | Amphenol Corp-cl A | 股票-科技 | 0.44% | -0.05% | -36.12% | |
| 44 | DELL | Dell Technologies -c | 股票-科技 | 0.44% | +0.05% | -68.20% | |
| 45 | AMZN | Amazon.com Inc | 股票-周期性消费 | 0.44% | -0.05% | -33.86% | |
| 46 | TEAM | Atlassian Corp-cl A | 股票-科技 | 0.43% | — | +28.00% | |
| 47 | FCX | Freeport-mcmoran Inc | 股票-原材料 | 0.43% | -0.12% | -9.13% | |
| 48 | MRVL | Marvell Technology Inc | 股票-科技 | 0.43% | -0.20% | -49.30% | |
| 49 | BX | Blackstone Inc | 股票-金融 | 0.42% | +0.03% | NEW | |
| 50 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 0.42% | -0.09% | -55.19% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | JPM | Jpmorgan Chase & Co | +0.9% | +81.45% | 加仓 |
| 2 | UPS | United Parcel Service-cl B | +0.6% | +133.39% | 加仓 |
| 3 | TER | Teradyne Inc | +0.6% | +72.44% | 加仓 |
| 4 | GLW | Corning Inc | +0.5% | +21.52% | 加仓 |
| 5 | AMGN | Amgen Inc | +0.5% | -29.58% | 减仓 |
| 6 | IWM | Ishares Russell 2000 ETF | +0.5% | +72.38% | 加仓 |
| 7 | CEG | Constellation Energy | +0.4% | +198.30% | 加仓 |
| 8 | ISRG | Intuitive Surgical Inc | +0.4% | +121.29% | 加仓 |
| 9 | BMY | Bristol-myers Squibb Co | +0.4% | +69.38% | 加仓 |
| 10 | O | Realty Income CORP | +0.4% | +72.91% | 加仓 |
| 11 | KLAC | Kla CORP | +0.3% | +78.44% | 加仓 |
| 12 | NKE | Nike Inc -cl B | +0.3% | -19.03% | 减仓 |
| 13 | ACN | Accenture plc | +0.3% | +105.52% | 加仓 |
| 14 | GEV | GE Vernova Inc | +0.3% | +138.32% | 加仓 |
| 15 | T | At&t Inc | +0.3% | +163.80% | 加仓 |
| 16 | CCJ | Cameco CORP | +0.3% | +108.96% | 加仓 |
| 17 | GOOGL | Alphabet Inc-cl A | +0.3% | -47.47% | 减仓 |
| 18 | ELV | Elevance Health Inc | +0.2% | +131.43% | 加仓 |
| 19 | MU | Micron Technology Inc | +0.2% | -68.48% | 减仓 |
| 20 | CVS | Cvs Health CORP | +0.2% | -39.69% | 减仓 |
| 21 | AMZN | Amazon.com Inc | +0.1% | -33.86% | 减仓 |
| 22 | APH | Amphenol Corp-cl A | +0.1% | -36.12% | 减仓 |
| 23 | AVGO | Broadcom Inc | +0.1% | -42.31% | 减仓 |
| 24 | COIN | Coinbase Global Inc -class A | +0.1% | -11.92% | 减仓 |
| 25 | CVNA | Carvana Co | +0.1% | -42.74% | 减仓 |
| 26 | EL | Estee Lauder Companies-cl A | +0.1% | -44.15% | 减仓 |
| 27 | P | Everpure Inc-a | +0.1% | -22.07% | 减仓 |
| 28 | APD | Air Products & Chemicals Inc | 0% | -37.62% | 减仓 |
| 29 | GWW | Ww Grainger Inc | 0% | -46.87% | 减仓 |
| 30 | MRVL | Marvell Technology Inc | 0% | -49.30% | 减仓 |
| 31 | AFL | Aflac Inc | 0% | -45.07% | 减仓 |
| 32 | GM | General Motors Co | 0% | -59.36% | 减仓 |
| 33 | LUV | Southwest Airlines Co | 0% | -56.17% | 减仓 |
| 34 | PINS | Pinterest Inc- Class A | 0% | -37.39% | 减仓 |
| 35 | TSM | Taiwan Semiconductor-sp Adr | 0% | -55.19% | 减仓 |
| 36 | VRT | Vertiv Holdings Co-a | 0% | -53.35% | 减仓 |
| 37 | MS | Morgan Stanley | 0% | -54.98% | 减仓 |
| 38 | AMAT | Applied Materials Inc | — | -61.98% | 减仓 |
| 39 | TXN | Texas Instruments Inc | — | -48.57% | 减仓 |
| 40 | RCL | Royal Caribbean Cruises Ltd. | — | -42.73% | 减仓 |
| 41 | WDC | Western Digital CORP | 0% | -67.28% | 减仓 |
| 42 | DOCS | Doximity Inc-class A | 0% | -22.19% | 减仓 |
| 43 | GDX | Vaneck Gold Miners ETF | 0% | -58.98% | 减仓 |
| 44 | CRWD | Crowdstrike Holdings Inc - A | 0% | -51.19% | 减仓 |
| 45 | EFA | Ishares Msci Eafe ETF | 0% | -55.38% | 减仓 |
| 46 | CHRW | C.h. Robinson Worldwide Inc | 0% | -64.11% | 减仓 |
| 47 | XLP | Ss Consumer Staples Sel Sect | 0% | -60.10% | 减仓 |
| 48 | BROS | Dutch Bros Inc-class A | 0% | -64.33% | 减仓 |
| 49 | DHI | Dr Horton Inc | 0% | -52.54% | 减仓 |
| 50 | ETN | Eaton Corporation plc | 0% | -54.14% | 减仓 |
根据 SEC 官方 Form 13F 申报备案，Twin Tree Management, LP 在 Q4 2025 季度的美股持仓总市值约为 US$53.1亿，共申报了 716 个公开持股仓位。
在 Q4 2025 季度，Twin Tree Management, LP 按市值排列的前三大核心持股分别为：SPY (7.2%)、GLD (6.2%)、IAU (1.9%)。其中最大持股仓位 SPY 占据整体投资组合约 7.2% 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
QQQ
市值: US$3323.7万
本季最大获利了结 / 清仓标的
ALC
前期市值: US$6198.1万
在 Q4 2025 季度中，Twin Tree Management, LP 共进行了 200 项持仓异动，包含新建仓 4 个仓位、加仓 16 个仓位、减仓 170 个仓位以及清仓 10 个仓位。 其中最大新建仓标的为 QQQ。 本季清仓仓位包含 ALC。
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。