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: 0001556785
申报总市值
US$32.9亿
US$32.9亿
40 檔
68.2%
截至 Q4 2025 季度末，Vulcan Value Partners, LLC 的美股持仓估值约为 US$32.9亿，全数申报仓位共有 40 档。
在 Q4 2025，Vulcan Value Partners, LLC 展现出较为审慎的避险与获利了结姿态。本季共减仓 27 个仓位并完全清仓 3 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，Vulcan Value Partners, LLC 的前 5 大核心持股（包含 MSFT, EG, CRM 等）合计占整体申报市值的 68.2%，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 | 10.14% | +0.33% | -3.70% | |
| 2 | EG | Everest Group, Ltd. | 股票-金融 | 9.41% | -0.52% | +6.51% | |
| 3 | CRM | Salesforce Inc | 股票-科技 | 7.55% | -0.19% | -0.93% | |
| 4 | AMZN | Amazon.com Inc | 股票-周期性消费 | 7.46% | -1.61% | -6.41% | |
| 5 | UNH | Unitedhealth Group Inc | 股票-医疗保健 | 6.57% | -5.70% | -9.60% | |
| 6 | TDG | Transdigm Group Inc | 股票-工业 | 5.88% | +1.25% | -3.61% | |
| 7 | CSGP | Costar Group Inc | 股票-房地产 | 5.54% | — | +17.05% | |
| 8 | GOOG | Alphabet Inc-cl C | 股票-通信服务 | 5.37% | +0.66% | -15.31% | |
| 9 | ARES | Ares Management CORP - A | 股票-金融 | 5.04% | +1.56% | +25.67% | |
| 10 | MA | Mastercard Inc - A | 股票-金融 | 4.71% | +2.78% | -3.65% | |
| 11 | V | Visa Inc-class A Shares | 股票-金融 | 4.69% | -0.28% | -3.17% | |
| 12 | RYAN | Ryan Specialty Holdings Inc | 股票-金融 | 4.38% | +3.19% | +631.67% | |
| 13 | ELV | Elevance Health Inc | 股票-医疗保健 | 2.49% | -0.47% | -7.87% | |
| 14 | KMX | Carmax Inc | 股票-周期性消费 | 2.08% | -0.96% | +25.80% | |
| 15 | TPG | Tpg Inc | 股票-金融 | 2.02% | +0.79% | -12.08% | |
| 16 | FISV | Fiserv Inc | 股票-其他 | 1.77% | -0.29% | +79.00% | |
| 17 | QRVO | Qorvo Inc | 股票-科技 | 1.71% | -0.04% | -7.85% | |
| 18 | TRU | Transunion | 股票-金融 | 1.67% | +0.06% | — | |
| 19 | SWK | Stanley Black & Decker Inc | 股票-工业 | 1.45% | — | -8.77% | |
| 20 | IQV | Iqvia Holdings Inc | 股票-医疗保健 | 1.34% | +0.41% | -52.54% | |
| 21 | HEI-A | Heico Corp-class A | 股票-其他 | 1.16% | +0.21% | -7.51% | |
| 22 | JLL | Jones Lang Lasalle Inc | 股票-房地产 | 0.93% | +0.03% | -23.80% | |
| 23 | LFUS | Littelfuse Inc | 股票-科技 | 0.89% | -0.46% | -2.38% | |
| 24 | CCK | Crown Holdings Inc | 股票-周期性消费 | 0.76% | — | -6.88% | |
| 25 | G | Genpact Limited | 股票-科技 | 0.64% | -0.26% | -0.49% | |
| 26 | ABM | Abm Industries Inc | 股票-其他 | 0.51% | -0.04% | -0.79% | |
| 27 | CIGI | Colliers Intl Gr-subord Vot | 股票-其他 | 0.50% | -0.12% | -0.89% | |
| 28 | MEDP | Medpace Holdings Inc | 股票-医疗保健 | 0.49% | -0.30% | -76.37% | |
| 29 | MLKN | Millerknoll Inc | 股票-其他 | 0.47% | +0.01% | +24.42% | |
| 30 | ✓ | Ituran Location And Control | 股票-其他 | 0.43% | -0.41% | -10.34% | |
| 31 | FBIN | Fortune Brands Innovations I | 股票-工业 | 0.32% | +0.01% | +18.22% | |
| 32 | PRG | Prog Holdings Inc | 股票-其他 | 0.32% | -0.03% | -0.62% | |
| 33 | SARO | Standardaero Inc | 股票-其他 | 0.25% | -0.08% | — | |
| 34 | PK | Park Hotels & Resorts Inc | 股票-房地产 | 0.25% | -0.33% | EXIT | |
| 35 | VRTS | Virtus Investment Partners | 股票-其他 | 0.23% | — | -2.45% | |
| 36 | TKR | Timken Co | 股票-工业 | 0.21% | — | -44.31% | |
| 37 | MIDD | Middleby CORP | 股票-工业 | 0.19% | — | -1.13% | |
| 38 | SDA | Sealed Air CORP | 股票-周期性消费 | 0.09% | — | -74.36% | |
| 39 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股与成长 | 0.08% | — | +1887.79% | |
| 40 | IWD | Ishares Russell 1000 Value E | ETF-其他 | 0.01% | +0.05% | NEW |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | RYAN | Ryan Specialty Holdings Inc | +3.7% | +631.67% | 加仓 |
| 2 | TRU | Transunion | +1.7% | NEW | 新建仓 |
| 3 | ARES | Ares Management CORP - A | +1.1% | +25.67% | 加仓 |
| 4 | CRM | Salesforce Inc | +0.8% | -0.93% | 减仓 |
| 5 | GOOG | Alphabet Inc-cl C | +0.5% | -15.31% | 减仓 |
| 6 | EG | Everest Group, Ltd. | +0.4% | +6.51% | 加仓 |
| 7 | SARO | Standardaero Inc | +0.3% | NEW | 新建仓 |
| 8 | KMX | Carmax Inc | +0.2% | +25.80% | 加仓 |
| 9 | MLKN | Millerknoll Inc | +0.1% | +24.42% | 加仓 |
| 10 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.1% | +1887.79% | 加仓 |
| 11 | G | Genpact Limited | +0.1% | -0.49% | 减仓 |
| 12 | ✓ | Ituran Location And Control | 0% | -10.34% | 减仓 |
| 13 | V | Visa Inc-class A Shares | 0% | -3.17% | 减仓 |
| 14 | FBIN | Fortune Brands Innovations I | 0% | +18.22% | 加仓 |
| 15 | ELV | Elevance Health Inc | 0% | -7.87% | 减仓 |
| 16 | MIDD | Middleby CORP | 0% | -1.13% | 减仓 |
| 17 | IWD | Ishares Russell 1000 Value E | 0% | NEW | 新建仓 |
| 18 | CCK | Crown Holdings Inc | 0% | -6.88% | 减仓 |
| 19 | PK | Park Hotels & Resorts Inc | 0% | +0.05% | 加仓 |
| 20 | TPG | Tpg Inc | 0% | -12.08% | 减仓 |
| 21 | AMZN | Amazon.com Inc | 0% | -6.41% | 减仓 |
| 22 | LFUS | Littelfuse Inc | 0% | -2.38% | 减仓 |
| 23 | CIGI | Colliers Intl Gr-subord Vot | 0% | -0.89% | 减仓 |
| 24 | PRG | Prog Holdings Inc | 0% | -0.62% | 减仓 |
| 25 | VRTS | Virtus Investment Partners | 0% | -2.45% | 减仓 |
| 26 | ABM | Abm Industries Inc | -0.1% | -0.79% | 减仓 |
| 27 | TDG | Transdigm Group Inc | -0.1% | -3.61% | 减仓 |
| 28 | HEI-A | Heico Corp-class A | -0.1% | -7.51% | 减仓 |
| 29 | MA | Mastercard Inc - A | -0.1% | -3.65% | 减仓 |
| 30 | FISV | Fiserv Inc | -0.1% | +79.00% | 加仓 |
| 31 | SWK | Stanley Black & Decker Inc | -0.1% | -8.77% | 减仓 |
| 32 | TKR | Timken Co | -0.1% | -44.31% | 减仓 |
| 33 | JLL | Jones Lang Lasalle Inc | -0.1% | -23.80% | 减仓 |
| 34 | SDA | Sealed Air CORP | -0.2% | -74.36% | 减仓 |
| 35 | QRVO | Qorvo Inc | -0.3% | -7.85% | 减仓 |
| 36 | CSGP | Costar Group Inc | -0.3% | +17.05% | 加仓 |
| 37 | SWKS | Skyworks Solutions Inc | -0.4% | EXIT | 清仓 |
| 38 | SSNC | Ss&c Technologies Holdings | -0.6% | EXIT | 清仓 |
| 39 | UNH | Unitedhealth Group Inc | -0.9% | -9.60% | 减仓 |
| 40 | MSFT | Microsoft CORP | -1% | -3.70% | 减仓 |
| 41 | IQV | Iqvia Holdings Inc | -1% | -52.54% | 减仓 |
| 42 | MEDP | Medpace Holdings Inc | -1.4% | -76.37% | 减仓 |
| 43 | NICE | Nice LTD - Spon Adr | -2% | EXIT | 清仓 |
根据 SEC 官方 Form 13F 申报备案，Vulcan Value Partners, LLC 在 Q4 2025 季度的美股持仓总市值约为 US$32.9亿，共申报了 40 个公开持股仓位。
在 Q4 2025 季度，Vulcan Value Partners, LLC 按市值排列的前三大核心持股分别为：MSFT (10.1%)、EG (9.4%)、CRM (7.5%)。其中最大持股仓位 MSFT 占据整体投资组合约 10.1% 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
TRU
市值: US$9104.3万
本季最大获利了结 / 清仓标的
NICE
前期市值: US$1.1亿
在 Q4 2025 季度中，Vulcan Value Partners, LLC 共进行了 43 项持仓异动，包含新建仓 3 个仓位、加仓 10 个仓位、减仓 27 个仓位以及清仓 3 个仓位。 其中最大新建仓标的为 TRU。 本季清仓仓位包含 NICE。
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。