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: 0002051288
申报总市值
US$1.8亿
US$1.8亿
44 檔
34.1%
Q4 2025 季度申报显示，Wormser Freres Gestion 披露的美股组合总市值为 US$1.8亿，涵盖 44 个不同之权益投资仓位。
在 Q4 2025，Wormser Freres Gestion 进行了温和的常态性持仓调整（包含新建仓 0 档、加仓 19 档、减仓 16 档与清仓 5 档），整体投资组合架构维持相对稳定。
在资产配置集中度方面，Wormser Freres Gestion 的前 5 大核心持股（包含 TMO, MSFT, AMZN 等）合计占整体申报市值的 34.1%，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 | TMO | Thermo Fisher Scientific Inc | 股票-医疗保健 | 7.25% | -1.43% | +1.54% | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 7.22% | -1.25% | -1.73% | |
| 3 | AMZN | Amazon.com Inc | 股票-周期性消费 | 6.93% | -0.55% | +0.47% | |
| 4 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 6.68% | +0.16% | -2.27% | |
| 5 | V | Visa Inc-class A Shares | 股票-金融 | 6.21% | -0.70% | +2.23% | |
| 6 | PANW | Palo Alto Networks Inc | 股票-科技 | 5.66% | +0.34% | -0.68% | |
| 7 | SYK | Stryker CORP | 股票-医疗保健 | 5.65% | -1.54% | +4.09% | |
| 8 | PTC | Ptc Inc | 股票-科技 | 5.50% | -5.46% | +4.75% | |
| 9 | DHR | Danaher CORP | 股票-医疗保健 | 4.93% | -4.98% | +586.74% | |
| 10 | CRM | Salesforce Inc | 股票-科技 | 4.88% | — | EXIT | |
| 11 | ACN | Accenture plc | 股票-科技 | 4.76% | -0.01% | EXIT | |
| 12 | ECL | Ecolab Inc | 股票-原材料 | 4.47% | -0.72% | -1.98% | |
| 13 | EW | Edwards Lifesciences CORP | 股票-医疗保健 | 4.45% | -0.42% | -2.84% | |
| 14 | ALC | Alcon Inc. | 股票-医疗保健 | 4.43% | -3.61% | -0.95% | |
| 15 | ADP | Automatic Data Processing | 股票-科技 | 4.39% | — | +147.13% | |
| 16 | ✓ | 股票-其他 | 3.69% | +4.08% | NEW | ||
| 17 | ISRG | Intuitive Surgical Inc | 股票-医疗保健 | 3.05% | +1.12% | +2.16% | |
| 18 | ✓ | 股票-其他 | 2.65% | +2.70% | NEW | ||
| 19 | ✓ | 股票-其他 | 2.14% | — | +8.86% | ||
| 20 | IAU | Ishares Gold Trust | ETF-避险与商品 | 1.45% | -0.68% | -10.84% | |
| 21 | RACE | Ferrari N.V. | 股票-周期性消费 | 0.72% | -0.11% | -9.91% | |
| 22 | ABT | Abbott Laboratories | 股票-医疗保健 | 0.50% | -0.15% | +1798.64% | |
| 23 | XYL | Xylem Inc | 股票-工业 | 0.42% | -0.09% | -31.63% | |
| 24 | LLY | Eli Lilly & Co | 股票-医疗保健 | 0.41% | -0.06% | +39.30% | |
| 25 | XLE | Ss Energy Select Sector | ETF-其他 | 0.23% | -0.14% | +100.00% | |
| 26 | MSI | Motorola Solutions Inc | 股票-科技 | 0.21% | +0.07% | -8.03% | |
| 27 | EMR | Emerson Electric Co | 股票-工业 | 0.17% | +0.80% | -95.28% | |
| 28 | ZTS | Zoetis Inc | 股票-医疗保健 | 0.15% | -0.16% | -95.53% | |
| 29 | ITRI | Itron Inc | 股票-科技 | 0.15% | -0.06% | +64.81% | |
| 30 | ✓ | 股票-其他 | 0.12% | — | -95.69% | ||
| 31 | KLAC | Kla CORP | 股票-科技 | 0.11% | +0.40% | -56.71% | |
| 32 | XME | Ss Spdr S&p Metals Mining | ETF-其他 | 0.09% | -0.08% | -23.25% | |
| 33 | GOOG | Alphabet Inc-cl C | 股票-通信服务 | 0.09% | — | — | |
| 34 | ICLN | Ishares Global Clean Energy | ETF-其他 | 0.07% | +0.04% | — | |
| 35 | AAPL | Apple Inc | 股票-科技 | 0.06% | — | — | |
| 36 | VEGI | Ishares Msci Agriculture Pro | ETF-其他 | 0.03% | -0.01% | — | |
| 37 | MOO | Vaneck Agribusiness ETF | ETF-其他 | 0.03% | -0.02% | — | |
| 38 | VEEV | Veeva Systems Inc-class A | 股票-医疗保健 | 0.02% | — | +48.80% | |
| 39 | IDXX | Idexx Laboratories Inc | 股票-医疗保健 | 0.02% | -0.01% | +671.43% | |
| 40 | QGEN | Qiagen N.V. | 股票-医疗保健 | 0.01% | — | -97.86% | |
| 41 | UNH | Unitedhealth Group Inc | 股票-医疗保健 | 0.01% | +0.01% | — | |
| 42 | ALGN | Align Technology Inc | 股票-医疗保健 | 0.01% | — | — | |
| 43 | ILMN | Illumina Inc | 股票-医疗保健 | 0.01% | — | — | |
| 44 | INTC | Intel CORP | 股票-科技 | — | — | — |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | DHR | Danaher CORP | +4.3% | +586.74% | 加仓 |
| 2 | ADP | Automatic Data Processing | +2.4% | +147.13% | 加仓 |
| 3 | GOOGL | Alphabet Inc-cl A | +1.5% | -2.27% | 减仓 |
| 4 | TMO | Thermo Fisher Scientific Inc | +1.4% | +1.54% | 加仓 |
| 5 | CRM | Salesforce Inc | +0.8% | +4.33% | 加仓 |
| 6 | ISRG | Intuitive Surgical Inc | +0.7% | +2.16% | 加仓 |
| 7 | ACN | Accenture plc | +0.6% | +2.75% | 加仓 |
| 8 | ABT | Abbott Laboratories | +0.5% | +1798.64% | 加仓 |
| 9 | AMZN | Amazon.com Inc | +0.5% | +0.47% | 加仓 |
| 10 | V | Visa Inc-class A Shares | +0.4% | +2.23% | 加仓 |
| 11 | ALC | Alcon Inc. | +0.4% | -0.95% | 减仓 |
| 12 | EW | Edwards Lifesciences CORP | +0.3% | -2.84% | 减仓 |
| 13 | ✓ | +0.3% | +7.91% | 加仓 | |
| 14 | LLY | Eli Lilly & Co | +0.2% | +39.30% | 加仓 |
| 15 | XLE | Ss Energy Select Sector | +0.1% | +100.00% | 加仓 |
| 16 | ✓ | +0.1% | +1.98% | 加仓 | |
| 17 | IAU | Ishares Gold Trust | +0.1% | -10.84% | 减仓 |
| 18 | ITRI | Itron Inc | 0% | +64.81% | 加仓 |
| 19 | SYK | Stryker CORP | 0% | +4.09% | 加仓 |
| 20 | GOOG | Alphabet Inc-cl C | 0% | — | 不变 |
| 21 | IDXX | Idexx Laboratories Inc | 0% | +671.43% | 加仓 |
| 22 | ICLN | Ishares Global Clean Energy | 0% | — | 不变 |
| 23 | ILMN | Illumina Inc | 0% | — | 不变 |
| 24 | AAPL | Apple Inc | — | — | 不变 |
| 25 | VEEV | Veeva Systems Inc-class A | — | +48.80% | 加仓 |
| 26 | ALGN | Align Technology Inc | — | — | 不变 |
| 27 | UNH | Unitedhealth Group Inc | — | — | 不变 |
| 28 | INTC | Intel CORP | — | — | 不变 |
| 29 | VEGI | Ishares Msci Agriculture Pro | — | — | 不变 |
| 30 | MOO | Vaneck Agribusiness ETF | — | — | 不变 |
| 31 | XME | Ss Spdr S&p Metals Mining | 0% | -23.25% | 减仓 |
| 32 | ✓ | 0% | +8.86% | 加仓 | |
| 33 | MSI | Motorola Solutions Inc | -0.1% | -8.03% | 减仓 |
| 34 | KLAC | Kla CORP | -0.1% | -56.71% | 减仓 |
| 35 | ECL | Ecolab Inc | -0.2% | -1.98% | 减仓 |
| 36 | XYL | Xylem Inc | -0.2% | -31.63% | 减仓 |
| 37 | RACE | Ferrari N.V. | -0.3% | -9.91% | 减仓 |
| 38 | MSFT | Microsoft CORP | -0.5% | -1.73% | 减仓 |
| 39 | PTC | Ptc Inc | -0.5% | +4.75% | 加仓 |
| 40 | PANW | Palo Alto Networks Inc | -0.6% | -0.68% | 减仓 |
| 41 | QGEN | Qiagen N.V. | -0.6% | -97.86% | 减仓 |
| 42 | EMR | Emerson Electric Co | -3.4% | -95.28% | 减仓 |
| 43 | ZTS | Zoetis Inc | -3.8% | -95.53% | 减仓 |
| 44 | ✓ | -3.9% | -95.69% | 减仓 | |
| 45 | TTEK | Tetra Tech Inc | — | EXIT | 清仓 |
| 46 | DSGX | Descartes Systems Grp/the | — | EXIT | 清仓 |
| 47 | FSLR | First Solar Inc | — | EXIT | 清仓 |
| 48 | META | Meta Platforms Inc-class A | — | EXIT | 清仓 |
| 49 | CPRI | Capri Holdings Limited | — | EXIT | 清仓 |
根据 SEC 官方 Form 13F 申报备案，Wormser Freres Gestion 在 Q4 2025 季度的美股持仓总市值约为 US$1.8亿，共申报了 44 个公开持股仓位。
在 Q4 2025 季度，Wormser Freres Gestion 按市值排列的前三大核心持股分别为：TMO (7.3%)、MSFT (7.2%)、AMZN (6.9%)。其中最大持股仓位 TMO 占据整体投资组合约 7.3% 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。
本季最大获利了结 / 清仓标的
TTEK
前期市值: US$38.2万
在 Q4 2025 季度中，Wormser Freres Gestion 共进行了 40 项持仓异动，包含新建仓 0 个仓位、加仓 19 个仓位、减仓 16 个仓位以及清仓 5 个仓位。 本季清仓仓位包含 TTEK。
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。