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: 0001478735
申报总市值
—
US$403.9亿
2329 檔
15.9%
截至 Q4 2025 季度末，Two Sigma Advisers, LP 的美股持仓估值约为 US$403.9亿，全数申报仓位共有 2329 档。
Two Sigma Advisers, LP 在 Q4 2025 进行了结构性的板块轮动与仓位换股。在开立 16 个全新仓位及加仓 94 档持股的同时，亦同步清仓 17 档并减仓 73 档标的。
在资产配置集中度方面，Two Sigma Advisers, LP 的前 5 大核心持股（包含 NVDA, AAPL, MSFT 等）合计占整体申报市值的 15.9%，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 2329 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 | 3.25% | — | +8.94% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 3.12% | — | +7.75% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 2.51% | — | -8.69% | |
| 4 | AMZN | Amazon.com Inc | 股票-周期性消费 | 2.23% | — | +2.27% | |
| 5 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.38% | — | -9.64% | |
| 6 | MA | Mastercard Inc - A | 股票-金融 | 1.36% | — | +11.41% | |
| 7 | MU | Micron Technology Inc | 股票-科技 | 1.29% | — | -3.72% | |
| 8 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 1.27% | — | -0.87% | |
| 9 | SCHW | Schwab (charles) CORP | 股票-金融 | 1.22% | — | +5.45% | |
| 10 | TSLA | Tesla Inc | 股票-周期性消费 | 1.22% | — | +69.84% | |
| 11 | AMD | Advanced Micro Devices | 股票-科技 | 1.21% | — | +160.58% | |
| 12 | ISRG | Intuitive Surgical Inc | 股票-医疗保健 | 1.17% | — | -16.57% | |
| 13 | BSX | Boston Scientific CORP | 股票-医疗保健 | 1.17% | — | +17.95% | |
| 14 | LMT | Lockheed Martin CORP | 股票-工业 | 1.15% | — | +3.53% | |
| 15 | ADBE | Adobe Inc | 股票-科技 | 1.14% | — | +3.46% | |
| 16 | TMUS | T-mobile US Inc | 股票-通信服务 | 1.12% | — | +30.35% | |
| 17 | PGR | Progressive CORP | 股票-金融 | 1.09% | — | +61.74% | |
| 18 | RBLX | Roblox CORP -class A | 股票-通信服务 | 1.03% | — | +124.79% | |
| 19 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 0.98% | — | +319.21% | |
| 20 | TJX | Tjx Companies Inc | 股票-周期性消费 | 0.98% | — | +126.84% | |
| 21 | ABNB | Airbnb Inc-class A | 股票-周期性消费 | 0.98% | — | -0.40% | |
| 22 | REGN | Regeneron Pharmaceuticals | 股票-医疗保健 | 0.91% | — | -34.73% | |
| 23 | NET | Cloudflare Inc - Class A | 股票-科技 | 0.90% | — | +52.51% | |
| 24 | NOW | Servicenow Inc | 股票-科技 | 0.89% | — | +69755.35% | |
| 25 | ALNY | Alnylam Pharmaceuticals Inc | 股票-医疗保健 | 0.88% | — | +26.90% | |
| 26 | BMY | Bristol-myers Squibb Co | 股票-医疗保健 | 0.87% | — | +75.17% | |
| 27 | RIVN | Rivian Automotive Inc-a | 股票-周期性消费 | 0.79% | — | +44.67% | |
| 28 | GM | General Motors Co | 股票-周期性消费 | 0.78% | — | +13.94% | |
| 29 | UNP | Union Pacific CORP | 股票-工业 | 0.65% | — | -8.61% | |
| 30 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 0.63% | — | -34.30% | |
| 31 | GDDY | Godaddy Inc - Class A | 股票-科技 | 0.63% | — | +21.44% | |
| 32 | IBKR | Interactive Brokers Gro-cl A | 股票-金融 | 0.57% | — | +9.65% | |
| 33 | LRCX | Lam Research CORP | 股票-科技 | 0.56% | — | +27.82% | |
| 34 | COST | Costco Wholesale CORP | 股票-非周期性消费 | 0.56% | — | -47.95% | |
| 35 | F | Ford Motor Co | 股票-周期性消费 | 0.56% | — | +1076.83% | |
| 36 | NU | Nu Holdings Ltd. | 股票-金融 | 0.53% | — | +27.65% | |
| 37 | SOFI | Sofi Technologies Inc | 股票-金融 | 0.52% | — | +22.83% | |
| 38 | WCN | Waste Connections Inc | 股票-工业 | 0.52% | — | -0.37% | |
| 39 | V | Visa Inc-class A Shares | 股票-金融 | 0.51% | — | +247.29% | |
| 40 | TTD | Trade Desk Inc/the -class A | 股票-通信服务 | 0.51% | — | +535.93% | |
| 41 | AER | AerCap Holdings N.V. | 股票-工业 | 0.50% | — | -3.31% | |
| 42 | RSG | Republic Services Inc | 股票-工业 | 0.48% | — | +70.33% | |
| 43 | KMB | Kimberly-clark CORP | 股票-非周期性消费 | 0.48% | — | — | |
| 44 | MRSH | Marsh & Mclennan Cos | 股票-金融 | 0.47% | — | +0.19% | |
| 45 | GH | Guardant Health Inc | 股票-医疗保健 | 0.47% | — | +12.76% | |
| 46 | CTAS | Cintas CORP | 股票-工业 | 0.47% | — | +265.19% | |
| 47 | IONS | Ionis Pharmaceuticals Inc | 股票-医疗保健 | 0.47% | — | +47.22% | |
| 48 | AMGN | Amgen Inc | 股票-医疗保健 | 0.47% | — | +1102.42% | |
| 49 | GEV | GE Vernova Inc | 股票-工业 | 0.45% | — | -58.93% | |
| 50 | CB | Chubb Limited | 股票-金融 | 0.45% | — | -41.96% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | NOW | Servicenow Inc | +0.9% | +69755.35% | 加仓 |
| 2 | AMD | Advanced Micro Devices | +0.9% | +160.58% | 加仓 |
| 3 | TSM | Taiwan Semiconductor-sp Adr | +0.8% | +319.21% | 加仓 |
| 4 | TJX | Tjx Companies Inc | +0.6% | +126.84% | 加仓 |
| 5 | F | Ford Motor Co | +0.5% | +1076.83% | 加仓 |
| 6 | TSLA | Tesla Inc | +0.5% | +69.84% | 加仓 |
| 7 | MU | Micron Technology Inc | +0.5% | -3.72% | 减仓 |
| 8 | BMY | Bristol-myers Squibb Co | +0.4% | +75.17% | 加仓 |
| 9 | AMGN | Amgen Inc | +0.4% | +1102.42% | 加仓 |
| 10 | MSI | Motorola Solutions Inc | +0.4% | +2551.30% | 加仓 |
| 11 | TTD | Trade Desk Inc/the -class A | +0.4% | +535.93% | 加仓 |
| 12 | RIVN | Rivian Automotive Inc-a | +0.4% | +44.67% | 加仓 |
| 13 | V | Visa Inc-class A Shares | +0.4% | +247.29% | 加仓 |
| 14 | SNDK | Sandisk CORP | +0.4% | +716.00% | 加仓 |
| 15 | PGR | Progressive CORP | +0.3% | +61.74% | 加仓 |
| 16 | AAPL | Apple Inc | +0.3% | +7.75% | 加仓 |
| 17 | CTAS | Cintas CORP | +0.3% | +265.19% | 加仓 |
| 18 | T | At&t Inc | +0.3% | +7230.61% | 加仓 |
| 19 | AL | Air Lease CORP | +0.3% | +2351.26% | 加仓 |
| 20 | AKAM | Akamai Technologies Inc | +0.3% | +511.02% | 加仓 |
| 21 | GM | General Motors Co | +0.3% | +13.94% | 加仓 |
| 22 | TXN | Texas Instruments Inc | +0.3% | +6036.36% | 加仓 |
| 23 | NET | Cloudflare Inc - Class A | +0.2% | +52.51% | 加仓 |
| 24 | RBLX | Roblox CORP -class A | +0.2% | +124.79% | 加仓 |
| 25 | VTR | Ventas Inc | +0.2% | +1850.07% | 加仓 |
| 26 | EQIX | Equinix Inc | +0.2% | +1975.20% | 加仓 |
| 27 | LRCX | Lam Research CORP | +0.2% | +27.82% | 加仓 |
| 28 | GH | Guardant Health Inc | +0.2% | +12.76% | 加仓 |
| 29 | IONS | Ionis Pharmaceuticals Inc | +0.2% | +47.22% | 加仓 |
| 30 | CMG | Chipotle Mexican Grill Inc | +0.2% | +3277.08% | 加仓 |
| 31 | NBIX | Neurocrine Biosciences Inc | +0.2% | +466.36% | 加仓 |
| 32 | CAH | Cardinal Health Inc | +0.2% | +2908.33% | 加仓 |
| 33 | NVDA | Nvidia CORP | +0.2% | +8.94% | 加仓 |
| 34 | RSG | Republic Services Inc | +0.2% | +70.33% | 加仓 |
| 35 | KMX | Carmax Inc | +0.2% | +302.21% | 加仓 |
| 36 | BRK-B | Berkshire Hathaway Inc-cl B | +0.2% | +121.43% | 加仓 |
| 37 | PINS | Pinterest Inc- Class A | +0.2% | +1726.92% | 加仓 |
| 38 | C | Citigroup Inc | +0.2% | +712.13% | 加仓 |
| 39 | MOH | Molina Healthcare Inc | +0.2% | +219.75% | 加仓 |
| 40 | DECK | Deckers Outdoor CORP | +0.2% | +417.35% | 加仓 |
| 41 | FCX | Freeport-mcmoran Inc | +0.1% | +993.86% | 加仓 |
| 42 | RL | Ralph Lauren CORP | +0.1% | +108.61% | 加仓 |
| 43 | BSX | Boston Scientific CORP | +0.1% | +17.95% | 加仓 |
| 44 | NU | Nu Holdings Ltd. | +0.1% | +27.65% | 加仓 |
| 45 | VRSK | Verisk Analytics Inc | +0.1% | +140.96% | 加仓 |
| 46 | BKNG | Booking Holdings Inc | +0.1% | +302.63% | 加仓 |
| 47 | INSM | Insmed Inc | +0.1% | +669.98% | 加仓 |
| 48 | BKH | Black Hills CORP | +0.1% | +739.67% | 加仓 |
| 49 | FIG | Figma Inc-cl A | +0.1% | +607.62% | 加仓 |
| 50 | MA | Mastercard Inc - A | +0.1% | +11.41% | 加仓 |
根据 SEC 官方 Form 13F 申报备案，Two Sigma Advisers, LP 在 Q4 2025 季度的美股持仓总市值约为 US$403.9亿，共申报了 2329 个公开持股仓位。
在 Q4 2025 季度，Two Sigma Advisers, LP 按市值排列的前三大核心持股分别为：NVDA (3.3%)、AAPL (3.1%)、MSFT (2.5%)。其中最大持股仓位 NVDA 占据整体投资组合约 3.3% 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
KMB
市值: US$2.5亿
本季最大获利了结 / 清仓标的
NBIS
前期市值: US$2.6亿
在 Q4 2025 季度中，Two Sigma Advisers, LP 共进行了 200 项持仓异动，包含新建仓 16 个仓位、加仓 94 个仓位、减仓 73 个仓位以及清仓 17 个仓位。 其中最大新建仓标的为 KMB。 本季清仓仓位包含 NBIS。
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。