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: 0001103804
申报总市值
US$350.8亿
US$350.8亿
76 檔
21.0%
截至 Q4 2025 季度末，Viking Global Investors LP 的美股持仓估值约为 US$350.8亿，全数申报仓位共有 76 档。
在 Q4 2025，Viking Global Investors LP 展现出较为审慎的避险与获利了结姿态。本季共减仓 29 个仓位并完全清仓 23 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，Viking Global Investors LP 的前 5 大核心持股（包含 MSFT, PNC, TSM 等）合计占整体申报市值的 21.0%，反映机构在主要关键仓位上的权重分布。
| # | 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 | MSFT | Microsoft CORP | 股票-科技 | 4.13% | -0.84% | +32.45% | |
| 2 | PNC | Pnc Financial Services Group | 股票-金融 | 4.04% | -1.76% | EXIT | |
| 3 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 3.96% | +0.09% | +24.61% | |
| 4 | V | Visa Inc-class A Shares | 股票-金融 | 3.71% | +0.90% | +37.53% | |
| 5 | SCHW | Schwab (charles) CORP | 股票-金融 | 3.68% | -1.06% | -16.34% | |
| 6 | DIS | Walt Disney Co/the | 股票-通信服务 | 3.38% | -1.63% | +7.12% | |
| 7 | APD | Air Products & Chemicals Inc | 股票-原材料 | 3.14% | +0.63% | +30.42% | |
| 8 | MCD | Mcdonald's CORP | 股票-周期性消费 | 2.94% | -0.97% | +7.24% | |
| 9 | BBIO | Bridgebio Pharma Inc | 股票-医疗保健 | 2.92% | -0.35% | -9.91% | |
| 10 | FTV | Fortive CORP | 股票-科技 | 2.82% | -0.01% | -6.13% | |
| 11 | SHW | Sherwin-williams Co/the | 股票-原材料 | 2.73% | +1.01% | +10.11% | |
| 12 | BA | Boeing Co/the | 股票-工业 | 2.28% | +0.24% | +31.31% | |
| 13 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 2.21% | -1.93% | EXIT | |
| 14 | AMD | Advanced Micro Devices | 股票-科技 | 2.13% | — | -10.50% | |
| 15 | ICE | Intercontinental Exchange In | 股票-金融 | 2.06% | -1.16% | — | |
| 16 | TSLA | Tesla Inc | 股票-周期性消费 | 2.03% | -1.93% | +5.59% | |
| 17 | TMUS | T-mobile US Inc | 股票-通信服务 | 2.02% | -1.74% | EXIT | |
| 18 | AMZN | Amazon.com Inc | 股票-周期性消费 | 1.92% | +1.81% | — | |
| 19 | COF | Capital One Financial CORP | 股票-金融 | 1.90% | -0.60% | -60.04% | |
| 20 | JNJ | Johnson & Johnson | 股票-医疗保健 | 1.88% | +0.13% | -12.92% | |
| 21 | DKNG | Draftkings Inc-cl A | 股票-周期性消费 | 1.75% | — | +27.44% | |
| 22 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.63% | +0.49% | -62.33% | |
| 23 | ROST | Ross Stores Inc | 股票-周期性消费 | 1.51% | — | +56.51% | |
| 24 | GM | General Motors Co | 股票-周期性消费 | 1.47% | -0.81% | -47.75% | |
| 25 | MAA | Mid-america Apartment Comm | 股票-房地产 | 1.43% | +0.36% | +46.69% | |
| 26 | CPT | Camden Property Trust | 股票-房地产 | 1.39% | +0.18% | +23.86% | |
| 27 | DKS | Dick's Sporting Goods Inc | 股票-周期性消费 | 1.35% | +0.02% | — | |
| 28 | CLS | Celestica Inc | 股票-科技 | 1.33% | -1.30% | EXIT | |
| 29 | CSX | Csx CORP | 股票-工业 | 1.33% | -2.14% | EXIT | |
| 30 | ADPT | Adaptive Biotechnologies | 股票-其他 | 1.29% | +0.67% | — | |
| 31 | SE | Sea Ltd-adr | 股票-通信服务 | 1.24% | +0.45% | +20.81% | |
| 32 | HCA | Hca Healthcare Inc | 股票-医疗保健 | 1.24% | -1.42% | EXIT | |
| 33 | TMO | Thermo Fisher Scientific Inc | 股票-医疗保健 | 1.22% | +0.48% | — | |
| 34 | RRX | Regal Rexnord CORP | 股票-工业 | 1.20% | -0.22% | +3.22% | |
| 35 | CVNA | Carvana Co | 股票-周期性消费 | 1.19% | -0.13% | -49.48% | |
| 36 | CHWY | Chewy Inc - Class A | 股票-周期性消费 | 1.19% | — | +146.85% | |
| 37 | APG | Api Group CORP | 股票-工业 | 1.17% | -0.66% | EXIT | |
| 38 | STLA | Stellantis N.V. | 股票-周期性消费 | 1.15% | -0.31% | EXIT | |
| 39 | CCL1EUR | Carnival CORP LTD | 股票-周期性消费 | 1.14% | -0.99% | EXIT | |
| 40 | UBS | UBS Group AG | 股票-金融 | 1.13% | +0.34% | NEW | |
| 41 | UNH | Unitedhealth Group Inc | 股票-医疗保健 | 1.05% | — | — | |
| 42 | BMRN | Biomarin Pharmaceutical Inc | 股票-医疗保健 | 0.95% | +0.12% | -27.46% | |
| 43 | SAIA | Saia Inc | 股票-工业 | 0.94% | — | -21.34% | |
| 44 | TIC | Tic Solutions Inc | 股票-其他 | 0.92% | +0.17% | — | |
| 45 | CB | Chubb Limited | 股票-金融 | 0.84% | -0.81% | — | |
| 46 | PGR | Progressive CORP | 股票-金融 | 0.80% | -0.90% | EXIT | |
| 47 | LII | Lennox International Inc | 股票-工业 | 0.80% | +0.56% | — | |
| 48 | TW | Tradeweb Markets Inc-class A | 股票-金融 | 0.79% | +0.09% | NEW | |
| 49 | MDLN | Medline Inc-cl A | 股票-其他 | 0.78% | -0.88% | — | |
| 50 | AON | Aon plc | 股票-金融 | 0.73% | +0.11% | -44.60% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | V | Visa Inc-class A Shares | +1.1% | +37.53% | 加仓 |
| 2 | TSM | Taiwan Semiconductor-sp Adr | +1.1% | +24.61% | 加仓 |
| 3 | MSFT | Microsoft CORP | +0.9% | +32.45% | 加仓 |
| 4 | BBIO | Bridgebio Pharma Inc | +0.8% | -9.91% | 减仓 |
| 5 | ROST | Ross Stores Inc | +0.7% | +56.51% | 加仓 |
| 6 | CHWY | Chewy Inc - Class A | +0.6% | +146.85% | 加仓 |
| 7 | BA | Boeing Co/the | +0.6% | +31.31% | 加仓 |
| 8 | APD | Air Products & Chemicals Inc | +0.5% | +30.42% | 加仓 |
| 9 | MAA | Mid-america Apartment Comm | +0.5% | +46.69% | 加仓 |
| 10 | AMD | Advanced Micro Devices | +0.4% | -10.50% | 减仓 |
| 11 | CPT | Camden Property Trust | +0.3% | +23.86% | 加仓 |
| 12 | DKNG | Draftkings Inc-cl A | +0.3% | +27.44% | 加仓 |
| 13 | MCD | Mcdonald's CORP | +0.3% | +7.24% | 加仓 |
| 14 | DIS | Walt Disney Co/the | +0.3% | +7.12% | 加仓 |
| 15 | CLS | Celestica Inc | +0.2% | -1.37% | 减仓 |
| 16 | FTV | Fortive CORP | +0.2% | -6.13% | 减仓 |
| 17 | TSLA | Tesla Inc | +0.2% | +5.59% | 加仓 |
| 18 | INBX | Inhibrx Biosciences Inc | +0.1% | -19.58% | 减仓 |
| 19 | SHW | Sherwin-williams Co/the | +0.1% | +10.11% | 加仓 |
| 20 | ADPT | Adaptive Biotechnologies | +0.1% | — | 不变 |
| 21 | SION | Sionna Therapeutics Inc | +0.1% | — | 不变 |
| 22 | ORKA | Oruka Therapeutics Inc | +0.1% | — | 不变 |
| 23 | APG | Api Group CORP | +0.1% | -6.25% | 减仓 |
| 24 | RRX | Regal Rexnord CORP | 0% | +3.22% | 加仓 |
| 25 | PHVS | Pharvaris N.V. | 0% | — | 不变 |
| 26 | PEPG | Pepgen Inc | 0% | — | 不变 |
| 27 | LAB | Standard Biotools Inc | — | — | 不变 |
| 28 | ✓ | Rallybio CORP | — | — | 不变 |
| 29 | TMUS | T-mobile US Inc | 0% | +15.07% | 加仓 |
| 30 | TRVI | Trevi Therapeutics Inc | 0% | -37.63% | 减仓 |
| 31 | BSX | Boston Scientific CORP | 0% | -4.99% | 减仓 |
| 32 | JNJ | Johnson & Johnson | -0.1% | -12.92% | 减仓 |
| 33 | ORIC | Oric Pharmaceuticals Inc | -0.1% | -0.00% | 减仓 |
| 34 | DNA | Ginkgo Bioworks Holdings Inc | -0.1% | — | 不变 |
| 35 | AS | Amer Sports, Inc. | -0.1% | -24.11% | 减仓 |
| 36 | NAMS | NewAmsterdam Pharma Company N.V. | -0.1% | -35.09% | 减仓 |
| 37 | PNC | Pnc Financial Services Group | -0.1% | -8.42% | 减仓 |
| 38 | CSX | Csx CORP | -0.1% | -13.36% | 减仓 |
| 39 | SAIA | Saia Inc | -0.1% | -21.34% | 减仓 |
| 40 | RAL | Ralliant CORP | -0.2% | -37.77% | 减仓 |
| 41 | CSGP | Costar Group Inc | -0.2% | -22.01% | 减仓 |
| 42 | SE | Sea Ltd-adr | -0.2% | +20.81% | 加仓 |
| 43 | BMRN | Biomarin Pharmaceutical Inc | -0.2% | -27.46% | 减仓 |
| 44 | MASI* | Masimo CORP | -0.2% | -52.08% | 减仓 |
| 45 | UBS | UBS Group AG | -0.3% | -30.30% | 减仓 |
| 46 | TIC | Tic Solutions Inc | -0.3% | — | 不变 |
| 47 | HCA | Hca Healthcare Inc | -0.3% | -27.63% | 减仓 |
| 48 | SCHW | Schwab (charles) CORP | -0.4% | -16.34% | 减仓 |
| 49 | ROIV | Roivant Sciences Ltd. | -0.6% | -72.69% | 减仓 |
| 50 | AON | Aon plc | -0.6% | -44.60% | 减仓 |
根据 SEC 官方 Form 13F 申报备案，Viking Global Investors LP 在 Q4 2025 季度的美股持仓总市值约为 US$350.8亿，共申报了 76 个公开持股仓位。
在 Q4 2025 季度，Viking Global Investors LP 按市值排列的前三大核心持股分别为：MSFT (4.1%)、PNC (4.0%)、TSM (4.0%)。其中最大持股仓位 MSFT 占据整体投资组合约 4.1% 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
GOOGL
市值: US$8.3亿
本季最大获利了结 / 清仓标的
BLK
前期市值: US$7.2亿
在 Q4 2025 季度中，Viking Global Investors LP 共进行了 90 项持仓异动，包含新建仓 21 个仓位、加仓 17 个仓位、减仓 29 个仓位以及清仓 23 个仓位。 其中最大新建仓标的为 GOOGL。 本季清仓仓位包含 BLK。
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。