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: 0001103804
申报总市值
US$350.8亿
US$350.8亿
78 檔
21.7%
在 Q3 2025 的 13F 官方备案中，Viking Global Investors LP 管理的美股投资组合规模来到 US$350.8亿，整体持股档数为 78 档。
Viking Global Investors LP 在 Q3 2025 进行了结构性的板块轮动与仓位换股。在开立 23 个全新仓位及加仓 27 档持股的同时，亦同步清仓 36 档并减仓 20 档标的。
在资产配置集中度方面，Viking Global Investors LP 的前 5 大核心持股（包含 PNC, JPM, SCHW 等）合计占整体申报市值的 21.7%，反映机构在主要关键仓位上的权重分布。
本季最大新建仓标的
PNC
市值: US$16.0亿
本季最大获利了结 / 清仓标的
USB
前期市值: US$14.7亿
| # | 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 | PNC | Pnc Financial Services Group | 股票-金融 | 4.15% | -1.76% | EXIT | |
| 2 | JPM | Jpmorgan Chase & Co | 股票-金融 | 4.14% | +0.49% | +25.16% | |
| 3 | SCHW | Schwab (charles) CORP | 股票-金融 | 4.11% | -1.06% | +5.13% | |
| 4 | COF | Capital One Financial CORP | 股票-金融 | 4.08% | -0.60% | +30.28% | |
| 5 | MSFT | Microsoft CORP | 股票-科技 | 3.27% | -0.84% | — | |
| 6 | DIS | Walt Disney Co/the | 股票-通信服务 | 3.11% | -1.63% | +78.69% | |
| 7 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 2.86% | +0.09% | -8.89% | |
| 8 | MCD | Mcdonald's CORP | 股票-周期性消费 | 2.66% | -0.97% | +7.98% | |
| 9 | FTV | Fortive CORP | 股票-科技 | 2.61% | -0.01% | +28.73% | |
| 10 | APD | Air Products & Chemicals Inc | 股票-原材料 | 2.60% | +0.63% | +70.23% | |
| 11 | SHW | Sherwin-williams Co/the | 股票-原材料 | 2.59% | +1.01% | +47.16% | |
| 12 | V | Visa Inc-class A Shares | 股票-金融 | 2.57% | +0.90% | +78.75% | |
| 13 | BBIO | Bridgebio Pharma Inc | 股票-医疗保健 | 2.16% | -0.35% | -13.89% | |
| 14 | GM | General Motors Co | 股票-周期性消费 | 2.06% | -0.81% | +0.06% | |
| 15 | CVNA | Carvana Co | 股票-周期性消费 | 2.06% | -0.13% | +94.92% | |
| 16 | TMUS | T-mobile US Inc | 股票-通信服务 | 2.03% | -1.74% | EXIT | |
| 17 | JNJ | Johnson & Johnson | 股票-医疗保健 | 1.94% | +0.13% | +368.49% | |
| 18 | BLK | Blackrock Inc | 股票-金融 | 1.88% | — | +217.52% | |
| 19 | PM | Philip Morris International | 股票-非周期性消费 | 1.86% | — | +28.14% | |
| 20 | TSLA | Tesla Inc | 股票-周期性消费 | 1.86% | -1.93% | +46.30% | |
| 21 | META | Meta Platforms Inc-class A | 股票-通信服务 | 1.77% | +1.30% | +249.91% | |
| 22 | AMD | Advanced Micro Devices | 股票-科技 | 1.76% | — | +118.85% | |
| 23 | BA | Boeing Co/the | 股票-工业 | 1.69% | +0.24% | +6.19% | |
| 24 | NKE | Nike Inc -cl B | 股票-周期性消费 | 1.63% | — | +29.13% | |
| 25 | NFLX | Netflix Inc | 股票-通信服务 | 1.56% | — | — | |
| 26 | BAC | Bank Of America CORP | 股票-金融 | 1.54% | — | -63.20% | |
| 27 | HCA | Hca Healthcare Inc | 股票-医疗保健 | 1.53% | -1.42% | EXIT | |
| 28 | CSX | Csx CORP | 股票-工业 | 1.47% | -2.14% | EXIT | |
| 29 | DKNG | Draftkings Inc-cl A | 股票-周期性消费 | 1.46% | — | — | |
| 30 | COR | Cencora Inc | 股票-医疗保健 | 1.44% | — | -14.58% | |
| 31 | DHR | Danaher CORP | 股票-医疗保健 | 1.42% | — | -5.37% | |
| 32 | SE | Sea Ltd-adr | 股票-通信服务 | 1.41% | +0.45% | -14.07% | |
| 33 | UBS | UBS Group AG | 股票-金融 | 1.39% | +0.34% | NEW | |
| 34 | PRMB | Primo Brands CORP | 股票-非周期性消费 | 1.32% | — | +17.51% | |
| 35 | AON | Aon plc | 股票-金融 | 1.31% | +0.11% | — | |
| 36 | TIC | Tic Solutions Inc | 股票-其他 | 1.19% | +0.17% | — | |
| 37 | BMRN | Biomarin Pharmaceutical Inc | 股票-医疗保健 | 1.17% | +0.12% | -32.28% | |
| 38 | ADPT | Adaptive Biotechnologies | 股票-其他 | 1.17% | +0.67% | — | |
| 39 | RRX | Regal Rexnord CORP | 股票-工业 | 1.16% | -0.22% | -8.95% | |
| 40 | CLS | Celestica Inc | 股票-科技 | 1.10% | -1.30% | EXIT | |
| 41 | APG | Api Group CORP | 股票-工业 | 1.10% | -0.66% | EXIT | |
| 42 | SAIA | Saia Inc | 股票-工业 | 1.08% | — | +67.21% | |
| 43 | CPT | Camden Property Trust | 股票-房地产 | 1.07% | +0.18% | +41.63% | |
| 44 | MAA | Mid-america Apartment Comm | 股票-房地产 | 0.96% | +0.36% | — | |
| 45 | ROIV | Roivant Sciences Ltd. | 股票-医疗保健 | 0.93% | +0.11% | -31.09% | |
| 46 | KKR | Kkr & Co Inc | 股票-金融 | 0.91% | — | — | |
| 47 | ROST | Ross Stores Inc | 股票-周期性消费 | 0.80% | — | -57.37% | |
| 48 | CMG | Chipotle Mexican Grill Inc | 股票-周期性消费 | 0.68% | — | +16.67% | |
| 49 | BSX | Boston Scientific CORP | 股票-医疗保健 | 0.67% | — | -13.27% | |
| 50 | EW | Edwards Lifesciences CORP | 股票-医疗保健 | 0.62% | -0.25% | EXIT |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | JPM | Jpmorgan Chase & Co | +2.5% | +25.16% | 加仓 |
| 2 | MSFT | Microsoft CORP | +2.5% | — | 加仓 |
| 3 | TSLA | Tesla Inc | +1.6% | +46.30% | 加仓 |
| 4 | MCD | Mcdonald's CORP | +1.5% | +7.98% | 加仓 |
| 5 | SHW | Sherwin-williams Co/the | +1.5% | +47.16% | 加仓 |
| 6 | COF | Capital One Financial CORP | +1.5% | +30.28% | 加仓 |
| 7 | DHR | Danaher CORP | +1.1% | -5.37% | 加仓 |
| 8 | GM | General Motors Co | +1% | +0.06% | 加仓 |
| 9 | PRMB | Primo Brands CORP | +0.8% | +17.51% | 加仓 |
| 10 | TMUS | T-mobile US Inc | +0.7% | +14.66% | 加仓 |
| 11 | NKE | Nike Inc -cl B | +0.5% | +29.13% | 加仓 |
| 12 | COR | Cencora Inc | +0.5% | -14.58% | 加仓 |
| 13 | ADPT | Adaptive Biotechnologies | +0.5% | — | 不变 |
| 14 | AS | Amer Sports, Inc. | +0.4% | +63.46% | 加仓 |
| 15 | CVNA | Carvana Co | +0.4% | +94.92% | 减仓 |
| 16 | MAA | Mid-america Apartment Comm | +0.4% | — | 加仓 |
| 17 | TSM | Taiwan Semiconductor-sp Adr | +0.3% | -8.89% | 减仓 |
| 18 | PM | Philip Morris International | +0.2% | +28.14% | 加仓 |
| 19 | HCA | Hca Healthcare Inc | +0.2% | -26.26% | 加仓 |
| 20 | V | Visa Inc-class A Shares | +0.2% | +78.75% | 加仓 |
| 21 | APP | Applovin Corp-class A | +0.2% | -56.42% | 加仓 |
| 22 | RRX | Regal Rexnord CORP | +0.2% | -8.95% | 加仓 |
| 23 | SION | Sionna Therapeutics Inc | +0.1% | — | 加仓 |
| 24 | ORIC | Oric Pharmaceuticals Inc | +0.1% | — | 不变 |
| 25 | INBX | Inhibrx Biosciences Inc | +0.1% | — | 不变 |
| 26 | DNA | Ginkgo Bioworks Holdings Inc | +0.1% | — | 不变 |
| 27 | RYAN | Ryan Specialty Holdings Inc | +0.1% | +36.96% | 加仓 |
| 28 | PHVS | Pharvaris N.V. | +0.1% | — | 不变 |
| 29 | TRVI | Trevi Therapeutics Inc | +0.1% | +232.40% | 加仓 |
| 30 | NAMS | NewAmsterdam Pharma Company N.V. | 0% | -7.21% | 减仓 |
| 31 | PEPG | Pepgen Inc | 0% | +134.91% | 加仓 |
| 32 | LAB | Standard Biotools Inc | — | — | 不变 |
| 33 | ✓ | Rallybio CORP | — | — | 不变 |
| 34 | CPT | Camden Property Trust | 0% | +41.63% | 加仓 |
| 35 | TIC | Tic Solutions Inc | 0% | — | 不变 |
| 36 | BA | Boeing Co/the | -0.1% | +6.19% | 减仓 |
| 37 | BSX | Boston Scientific CORP | -0.1% | -13.27% | 加仓 |
| 38 | CSX | Csx CORP | -0.1% | -15.49% | 减仓 |
| 39 | FSLR | First Solar Inc | -0.1% | -66.11% | 减仓 |
| 40 | ITGR | Integer Holdings CORP | -0.2% | -20.17% | 减仓 |
| 41 | BBIO | Bridgebio Pharma Inc | -0.3% | -13.89% | 减仓 |
| 42 | CMG | Chipotle Mexican Grill Inc | -0.3% | +16.67% | 加仓 |
| 43 | SCHW | Schwab (charles) CORP | -0.3% | +5.13% | 减仓 |
| 44 | SE | Sea Ltd-adr | -0.3% | -14.07% | 减仓 |
| 45 | TEVA | Teva Pharmaceutical-sp Adr | -0.4% | -78.32% | 减仓 |
| 46 | FTV | Fortive CORP | -0.4% | +28.73% | 加仓 |
| 47 | ROIV | Roivant Sciences Ltd. | -0.6% | -31.09% | 减仓 |
| 48 | DB | Deutsche Bank Aktiengesellschaft | -0.6% | — | 减仓 |
| 49 | NFLX | Netflix Inc | -0.7% | — | 减仓 |
| 50 | META | Meta Platforms Inc-class A | -0.9% | +249.91% | 减仓 |
根据 SEC 官方 Form 13F 申报备案，Viking Global Investors LP 在 Q3 2025 季度的美股持仓总市值约为 US$350.8亿，共申报了 78 个公开持股仓位。
在 Q3 2025 季度，Viking Global Investors LP 按市值排列的前三大核心持股分别为：PNC (4.2%)、JPM (4.1%)、SCHW (4.1%)。其中最大持股仓位 PNC 占据整体投资组合约 4.2% 的权重。
在 Q3 2025 季度中，Viking Global Investors LP 共进行了 106 项持仓异动，包含新建仓 23 个仓位、加仓 27 个仓位、减仓 20 个仓位以及清仓 36 个仓位。 其中最大新建仓标的为 PNC。 本季清仓仓位包含 USB。
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。
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。
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。