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: 0001450144
申报总市值
US$11.6亿
US$11.6亿
1421 檔
4.6%
截至 Q4 2025 季度末，Two Sigma Securities, LLC 的美股持仓估值约为 US$11.6亿，全数申报仓位共有 1421 档。
Two Sigma Securities, LLC 在 Q4 2025 进行了结构性的板块轮动与仓位换股。在开立 71 个全新仓位及加仓 33 档持股的同时，亦同步清仓 67 档并减仓 29 档标的。
在资产配置集中度方面，Two Sigma Securities, LLC 的前 5 大核心持股（包含 HYG, MSFT, SHY 等）合计占整体申报市值的 4.6%，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 1421 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 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-非投资级债 | 2.58% | -0.51% | EXIT | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 1.69% | +0.19% | NEW | |
| 3 | SHY | Ishares 1-3 Year Treasury Bo | ETF-政府公债 | 1.10% | — | +679.12% | |
| 4 | BIL | Ss Spdr Bb 1-3m T-bill ETF | ETF-政府公债 | 0.98% | +0.14% | +772.60% | |
| 5 | TLT | Ishares 20+ Year Treasury Bd | ETF-政府公债 | 0.96% | -0.11% | EXIT | |
| 6 | TSLA | Tesla Inc | 股票-周期性消费 | 0.90% | -0.84% | EXIT | |
| 7 | NVDA | Nvidia CORP | 股票-科技 | 0.88% | -0.13% | +47.76% | |
| 8 | VCSH | Vanguard S/t CORP Bond ETF | ETF-投资级公司债 | 0.86% | — | — | |
| 9 | IXUS | Ishares Core Intl Stock ETF | ETF-其他 | 0.81% | +0.16% | NEW | |
| 10 | ORCL | Oracle CORP | 股票-科技 | 0.80% | +1.08% | NEW | |
| 11 | IUSB | Ishr Cr Unvrse Usd Bd Etf-ui | ETF-其他 | 0.70% | -0.16% | EXIT | |
| 12 | RSP | Invesco S&p 500 Equal Weight | ETF-大型股与成长 | 0.60% | -0.54% | +125.47% | |
| 13 | GOOG | Alphabet Inc-cl C | 股票-通信服务 | 0.58% | +0.79% | -14.92% | |
| 14 | USHY | Ishares Broad Usd High Yield | ETF-非投资级债 | 0.57% | -0.17% | EXIT | |
| 15 | BKLN | Invesco Senior Loan ETF | ETF-其他 | 0.57% | -0.19% | +5.91% | |
| 16 | VGK | Vanguard Ftse Europe ETF | ETF-其他 | 0.57% | — | +55.86% | |
| 17 | ADP | Automatic Data Processing | 股票-科技 | 0.55% | — | — | |
| 18 | SCHD | Schwab US Dvd Equity ETF | ETF-其他 | 0.52% | -0.23% | +25.65% | |
| 19 | IJH | Ishares Core S&p Midcap ETF | ETF-其他 | 0.52% | +0.29% | NEW | |
| 20 | TZA | Dirx Dly Smal Cap B3x Etf-ui | ETF-其他 | 0.49% | -0.13% | EXIT | |
| 21 | EMXC | Ishares Msci Emr Mrk Ex Chna | ETF-其他 | 0.48% | -0.09% | EXIT | |
| 22 | HD | Home Depot Inc | 股票-周期性消费 | 0.46% | -0.43% | EXIT | |
| 23 | WWD | Woodward Inc | 股票-工业 | 0.45% | +0.06% | — | |
| 24 | AXP | American Express Co | 股票-金融 | 0.45% | +0.17% | NEW | |
| 25 | AMZN | Amazon.com Inc | 股票-周期性消费 | 0.44% | -1.00% | EXIT | |
| 26 | EFA | Ishares Msci Eafe ETF | ETF-其他 | 0.43% | — | -52.43% | |
| 27 | VZ | Verizon Communications Inc | 股票-通信服务 | 0.43% | -0.13% | EXIT | |
| 28 | USFR | Wisdomtree Floating Rate Tre | ETF-其他 | 0.42% | -0.15% | EXIT | |
| 29 | RGLD | Royal Gold Inc | 股票-原材料 | 0.42% | -0.08% | +830.32% | |
| 30 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.41% | — | — | |
| 31 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 0.40% | +0.37% | +177.33% | |
| 32 | SQQQ | Proshares Ultrapro Short Qqq | ETF-其他 | 0.40% | -0.12% | — | |
| 33 | IEFA | Ishares Core Msci Eafe ETF | ETF-其他 | 0.40% | +0.61% | NEW | |
| 34 | SRLN | Ss Blackstone Sr Loan ETF | ETF-其他 | 0.39% | +0.07% | +200.95% | |
| 35 | GRMN | Garmin Ltd. | 股票-科技 | 0.38% | -0.22% | EXIT | |
| 36 | KO | The Coca-Cola Company | 股票-非周期性消费 | 0.38% | -0.09% | EXIT | |
| 37 | NEM | Newmont CORP | 股票-原材料 | 0.38% | +0.12% | NEW | |
| 38 | VRSK | Verisk Analytics Inc | 股票-工业 | 0.38% | +0.08% | — | |
| 39 | AAPL | Apple Inc | 股票-科技 | 0.37% | -0.30% | EXIT | |
| 40 | VCIT | Vanguard Int-term Corporate | ETF-投资级公司债 | 0.37% | -0.17% | — | |
| 41 | ASHR | Xtrackers Harvest Csi 300 Ch | ETF-其他 | 0.37% | -0.04% | EXIT | |
| 42 | GWW | Ww Grainger Inc | 股票-工业 | 0.36% | -0.17% | -27.45% | |
| 43 | HON | Honeywell International Inc | 股票-工业 | 0.36% | -0.05% | EXIT | |
| 44 | PGR | Progressive CORP | 股票-金融 | 0.34% | -0.24% | — | |
| 45 | EMB | Ishares Jp Morgan Usd Emergi | ETF-其他 | 0.34% | +0.02% | -13.35% | |
| 46 | FFIV | F5 Inc | 股票-科技 | 0.34% | +0.11% | +392.24% | |
| 47 | CRWD | Crowdstrike Holdings Inc - A | 股票-科技 | 0.34% | -0.19% | — | |
| 48 | XEL | Xcel Energy Inc | 股票-公用事业 | 0.33% | +0.29% | NEW | |
| 49 | PNC | Pnc Financial Services Group | 股票-金融 | 0.33% | -0.09% | EXIT | |
| 50 | XLC | Ss Comm Select Sector Spdr | ETF-其他 | 0.32% | -0.31% | — |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | MSFT | Microsoft CORP | +1.6% | +2120.73% | 加仓 |
| 2 | SHY | Ishares 1-3 Year Treasury Bo | +1% | +679.12% | 加仓 |
| 3 | TLT | Ishares 20+ Year Treasury Bd | +0.9% | +2622.48% | 加仓 |
| 4 | BIL | Ss Spdr Bb 1-3m T-bill ETF | +0.9% | +772.60% | 加仓 |
| 5 | TSLA | Tesla Inc | +0.9% | +2599.63% | 加仓 |
| 6 | ORCL | Oracle CORP | +0.8% | +3891.28% | 加仓 |
| 7 | IXUS | Ishares Core Intl Stock ETF | +0.6% | +399.92% | 加仓 |
| 8 | IUSB | Ishr Cr Unvrse Usd Bd Etf-ui | +0.5% | +295.96% | 加仓 |
| 9 | IJH | Ishares Core S&p Midcap ETF | +0.4% | +529.65% | 加仓 |
| 10 | RGLD | Royal Gold Inc | +0.4% | +830.32% | 加仓 |
| 11 | RSP | Invesco S&p 500 Equal Weight | +0.3% | +125.47% | 加仓 |
| 12 | AXP | American Express Co | +0.3% | +203.90% | 加仓 |
| 13 | XEL | Xcel Energy Inc | +0.3% | +835.16% | 加仓 |
| 14 | IWM | Ishares Russell 2000 ETF | +0.3% | +177.33% | 加仓 |
| 15 | JDSTGBP | Dir Dly Jun Gm Ib 2x Etf-usd | +0.3% | +1784.85% | 加仓 |
| 16 | SRLN | Ss Blackstone Sr Loan ETF | +0.3% | +200.95% | 加仓 |
| 17 | IEF | Ishares 7-10 Year Treasury B | +0.3% | +872.16% | 加仓 |
| 18 | FFIV | F5 Inc | +0.3% | +392.24% | 加仓 |
| 19 | NVDA | Nvidia CORP | +0.2% | +47.76% | 加仓 |
| 20 | PM | Philip Morris International | +0.2% | +432.52% | 加仓 |
| 21 | ✓ | Cyberark Software LTD. Cmn | +0.2% | +414.41% | 加仓 |
| 22 | VGK | Vanguard Ftse Europe ETF | +0.2% | +55.86% | 加仓 |
| 23 | VEU | Vanguard Ftse All-world Ex-u | +0.2% | +461.05% | 加仓 |
| 24 | COIN | Coinbase Global Inc -class A | +0.2% | +942.59% | 加仓 |
| 25 | GRMN | Garmin Ltd. | +0.2% | +134.89% | 加仓 |
| 26 | SPHY | Ss Spdr P High Yield ETF | +0.2% | +226.24% | 加仓 |
| 27 | PSQ | Proshares Short Qqq | +0.2% | +216.14% | 加仓 |
| 28 | IGSB | Ishares 1-5y Inv Grade CORP | +0.2% | +180.31% | 加仓 |
| 29 | FCX | Freeport-mcmoran Inc | +0.2% | +131.53% | 加仓 |
| 30 | BABA | Alibaba Group Holding-sp Adr | +0.2% | +637.74% | 加仓 |
| 31 | MKL | Markel Group Inc | +0.2% | +298.11% | 加仓 |
| 32 | IT | Gartner Inc | -0.2% | -80.43% | 减仓 |
| 33 | LRCX | Lam Research CORP | -0.2% | -83.38% | 减仓 |
| 34 | CARR | Carrier Global CORP | -0.2% | -74.69% | 减仓 |
| 35 | PFE | Pfizer Inc | -0.2% | -69.37% | 减仓 |
| 36 | KVUE | Kenvue Inc | -0.2% | -55.90% | 减仓 |
| 37 | VTEB | Vanguard Tax-exempt Bond ETF | -0.2% | -34.69% | 减仓 |
| 38 | XLK | Ss Technology Select Sector | -0.2% | +6.17% | 加仓 |
| 39 | TQQQ | Proshares Ultrapro Qqq | -0.2% | +25.83% | 加仓 |
| 40 | SCHO | Schwab Short-term US Treas | -0.2% | -70.42% | 减仓 |
| 41 | TMUS | T-mobile US Inc | -0.2% | -83.46% | 减仓 |
| 42 | CDW | Cdw Corp/de | -0.2% | -71.03% | 减仓 |
| 43 | SOXX | Ishares Semiconductor ETF | -0.2% | -50.80% | 减仓 |
| 44 | PYPL | Paypal Holdings Inc | -0.2% | -65.28% | 减仓 |
| 45 | GDDY | Godaddy Inc - Class A | -0.3% | -83.98% | 减仓 |
| 46 | PAYX | Paychex Inc | -0.3% | -76.40% | 减仓 |
| 47 | CHTR | Charter Communications Inc-a | -0.3% | -53.69% | 减仓 |
| 48 | RWM | Proshares Short Russell2000 | -0.3% | -80.76% | 减仓 |
| 49 | DGRW | Wisdomtree U.s. Quality Divi | -0.3% | -73.03% | 减仓 |
| 50 | WM | Waste Management Inc | -0.3% | -72.60% | 减仓 |
根据 SEC 官方 Form 13F 申报备案，Two Sigma Securities, LLC 在 Q4 2025 季度的美股持仓总市值约为 US$11.6亿，共申报了 1421 个公开持股仓位。
在 Q4 2025 季度，Two Sigma Securities, LLC 按市值排列的前三大核心持股分别为：HYG (2.6%)、MSFT (1.7%)、SHY (1.1%)。其中最大持股仓位 HYG 占据整体投资组合约 2.6% 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
HYG
市值: US$1878.1万
本季最大获利了结 / 清仓标的
IEMG
前期市值: US$1194.5万
在 Q4 2025 季度中，Two Sigma Securities, LLC 共进行了 200 项持仓异动，包含新建仓 71 个仓位、加仓 33 个仓位、减仓 29 个仓位以及清仓 67 个仓位。 其中最大新建仓标的为 HYG。 本季清仓仓位包含 IEMG。
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。