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: 0001276918
申报总市值
US$43.8亿
US$43.8亿
105 檔
32.8%
根据最新整理的 13F 季度数据集，Zevenbergen Capital Investments LLC 于 Q4 2025 结束时的管理资产规模为 US$43.8亿。该机构在本季度申报了 105 档美股持仓，呈现出该时期的主要投资地图。
Zevenbergen Capital Investments LLC 在 Q4 2025 进行了结构性的板块轮动与仓位换股。在开立 6 个全新仓位及加仓 15 档持股的同时，亦同步清仓 3 档并减仓 26 档标的。
在资产配置集中度方面，Zevenbergen Capital Investments LLC 的前 5 大核心持股（包含 , , 等）合计占整体申报市值的 32.8%，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 | ✓ | 股票-其他 | 9.77% | — | -15.42% | ||
| 2 | ✓ | 股票-其他 | 6.94% | — | -19.54% | ||
| 3 | ✓ | 股票-其他 | 6.00% | — | -18.38% | ||
| 4 | ✓ | 股票-其他 | 4.88% | — | -14.27% | ||
| 5 | AMZN | Amazon.com Inc | 股票-周期性消费 | 4.34% | -0.42% | -16.08% | |
| 6 | ✓ | 股票-其他 | 4.28% | — | -8.31% | ||
| 7 | ✓ | 股票-其他 | 4.16% | — | -6.38% | ||
| 8 | ✓ | 股票-其他 | 4.10% | — | -13.84% | ||
| 9 | MSFT | Microsoft CORP | 股票-科技 | 3.38% | -0.69% | -0.16% | |
| 10 | AAPL | Apple Inc | 股票-科技 | 3.03% | -0.33% | +5.43% | |
| 11 | AMD | Advanced Micro Devices | 股票-科技 | 2.62% | +2.19% | -6.70% | |
| 12 | ✓ | 股票-其他 | 2.41% | — | +0.08% | ||
| 13 | SNOW | Snowflake Inc | 股票-科技 | 2.13% | +0.26% | +18.31% | |
| 14 | ✓ | 股票-其他 | 2.12% | — | -16.54% | ||
| 15 | ✓ | 股票-其他 | 2.08% | — | +341.82% | ||
| 16 | ✓ | 股票-其他 | 1.78% | — | -26.03% | ||
| 17 | ✓ | 股票-其他 | 1.75% | — | +27.37% | ||
| 18 | MU | Micron Technology Inc | 股票-科技 | 1.69% | +2.73% | -9.13% | |
| 19 | RKLB | Rocket Lab CORP | 股票-工业 | 1.69% | +0.44% | +4.39% | |
| 20 | NTRA | Natera Inc | 股票-医疗保健 | 1.65% | +0.08% | -17.99% | |
| 21 | MPWR | Monolithic Power Systems Inc | 股票-科技 | 1.64% | -0.10% | +8.99% | |
| 22 | ✓ | 股票-其他 | 1.61% | — | +654.56% | ||
| 23 | TOST | Toast Inc-class A | 股票-科技 | 1.46% | -0.08% | -12.39% | |
| 24 | ✓ | 股票-其他 | 1.25% | — | +15.54% | ||
| 25 | ✓ | 股票-其他 | 1.23% | — | -31.59% | ||
| 26 | PANW | Palo Alto Networks Inc | 股票-科技 | 1.18% | +0.29% | -19.91% | |
| 27 | ✓ | 股票-其他 | 1.17% | — | +425.90% | ||
| 28 | ✓ | 股票-其他 | 1.03% | — | -40.63% | ||
| 29 | ✓ | 股票-其他 | 0.97% | — | -5.94% | ||
| 30 | ✓ | 股票-其他 | 0.94% | — | -22.00% | ||
| 31 | KRMN | Karman Holdings Inc | 股票-工业 | 0.88% | -0.44% | — | |
| 32 | ✓ | 股票-其他 | 0.76% | — | +8.38% | ||
| 33 | VEEV | Veeva Systems Inc-class A | 股票-医疗保健 | 0.74% | -0.14% | -24.52% | |
| 34 | ANET | Arista Networks Inc | 股票-科技 | 0.72% | +0.09% | — | |
| 35 | ✓ | 股票-其他 | 0.71% | — | — | ||
| 36 | WING | Wingstop Inc | 股票-周期性消费 | 0.68% | -0.43% | -14.82% | |
| 37 | ✓ | Exact Sciences CORP | 股票-其他 | 0.68% | — | -68.67% | |
| 38 | ✓ | 股票-其他 | 0.68% | — | +0.14% | ||
| 39 | ✓ | 股票-其他 | 0.68% | — | -13.47% | ||
| 40 | ✓ | 股票-其他 | 0.62% | — | +121.62% | ||
| 41 | ✓ | 股票-其他 | 0.58% | — | -6.57% | ||
| 42 | APH | Amphenol Corp-cl A | 股票-科技 | 0.53% | +0.06% | +0.28% | |
| 43 | ✓ | 股票-其他 | 0.50% | — | -24.72% | ||
| 44 | QCOM | Qualcomm Inc | 股票-科技 | 0.48% | +0.03% | +19.29% | |
| 45 | KLAC | Kla CORP | 股票-科技 | 0.41% | +0.39% | — | |
| 46 | ✓ | 股票-其他 | 0.40% | — | -29.69% | ||
| 47 | AMAT | Applied Materials Inc | 股票-科技 | 0.40% | +0.53% | — | |
| 48 | INTU | Intuit Inc | 股票-科技 | 0.38% | -0.32% | EXIT | |
| 49 | ✓ | 股票-其他 | 0.34% | — | +39.83% | ||
| 50 | CAI | Caris Life Sciences Inc | 股票-其他 | 0.33% | +0.02% | — |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | ✓ | +1.2% | -6.38% | 减仓 | |
| 2 | ✓ | +1% | +425.90% | 加仓 | |
| 3 | ✓ | +0.8% | +27.37% | 加仓 | |
| 4 | AMD | Advanced Micro Devices | +0.8% | -6.70% | 减仓 |
| 5 | MU | Micron Technology Inc | +0.7% | -9.13% | 减仓 |
| 6 | RKLB | Rocket Lab CORP | +0.7% | +4.39% | 加仓 |
| 7 | AAPL | Apple Inc | +0.7% | +5.43% | 加仓 |
| 8 | SNOW | Snowflake Inc | +0.5% | +18.31% | 加仓 |
| 9 | NTRA | Natera Inc | +0.4% | -17.99% | 减仓 |
| 10 | ✓ | +0.4% | +0.08% | 加仓 | |
| 11 | ✓ | +0.4% | +121.62% | 加仓 | |
| 12 | ✓ | +0.4% | +15.54% | 加仓 | |
| 13 | MPWR | Monolithic Power Systems Inc | +0.3% | +8.99% | 加仓 |
| 14 | MSFT | Microsoft CORP | +0.2% | -0.16% | 减仓 |
| 15 | ✓ | +0.2% | +8.38% | 加仓 | |
| 16 | ✓ | +0.1% | +39.83% | 加仓 | |
| 17 | QCOM | Qualcomm Inc | +0.1% | +19.29% | 加仓 |
| 18 | ✓ | +0.1% | -18.38% | 减仓 | |
| 19 | AMZN | Amazon.com Inc | 0% | -16.08% | 减仓 |
| 20 | ✓ | 0% | -24.72% | 减仓 | |
| 21 | TOST | Toast Inc-class A | 0% | -12.39% | 减仓 |
| 22 | ✓ | 0% | -13.47% | 减仓 | |
| 23 | WING | Wingstop Inc | -0.1% | -14.82% | 减仓 |
| 24 | ✓ | -0.1% | -29.69% | 减仓 | |
| 25 | ✓ | -0.2% | +0.14% | 加仓 | |
| 26 | ✓ | -0.2% | -16.54% | 减仓 | |
| 27 | PANW | Palo Alto Networks Inc | -0.3% | -19.91% | 减仓 |
| 28 | ✓ | -0.3% | -22.00% | 减仓 | |
| 29 | ✓ | -0.3% | -15.42% | 减仓 | |
| 30 | ✓ | Exact Sciences CORP | -0.4% | -68.67% | 减仓 |
| 31 | ✓ | -0.4% | +341.82% | 加仓 | |
| 32 | VEEV | Veeva Systems Inc-class A | -0.4% | -24.52% | 减仓 |
| 33 | ✓ | -0.5% | -19.54% | 减仓 | |
| 34 | ✓ | -0.7% | -14.27% | 减仓 | |
| 35 | ✓ | -0.7% | -31.59% | 减仓 | |
| 36 | ✓ | -0.7% | -13.84% | 减仓 | |
| 37 | ✓ | -0.7% | -26.03% | 减仓 | |
| 38 | ✓ | -0.8% | +654.56% | 加仓 | |
| 39 | ✓ | -0.9% | -8.31% | 减仓 | |
| 40 | ✓ | -0.9% | -40.63% | 减仓 | |
| 41 | ARM | Arm Holdings Plc-adr | -1.2% | -88.86% | 减仓 |
| 42 | ✓ | — | EXIT | 清仓 | |
| 43 | DXCM | Dexcom Inc | — | EXIT | 清仓 |
| 44 | KRMN | Karman Holdings Inc | — | NEW | 新建仓 |
| 45 | ✓ | — | NEW | 新建仓 | |
| 46 | HUBS | Hubspot Inc | — | EXIT | 清仓 |
| 47 | CAI | Caris Life Sciences Inc | — | NEW | 新建仓 |
| 48 | ✓ | — | NEW | 新建仓 | |
| 49 | ✓ | — | NEW | 新建仓 | |
| 50 | ✓ | — | NEW | 新建仓 |
根据 SEC 官方 Form 13F 申报备案，Zevenbergen Capital Investments LLC 在 Q4 2025 季度的美股持仓总市值约为 US$43.8亿，共申报了 105 个公开持股仓位。
在 Q4 2025 季度，Zevenbergen Capital Investments LLC 按市值排列的前三大核心持股分别为： (9.8%)、 (6.9%)、 (6.0%)。其中最大持股仓位 占据整体投资组合约 9.8% 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
KRMN
市值: US$3948.3万
本季最大获利了结 / 清仓标的
前期市值: US$6186.4万
在 Q4 2025 季度中，Zevenbergen Capital Investments LLC 共进行了 50 项持仓异动，包含新建仓 6 个仓位、加仓 15 个仓位、减仓 26 个仓位以及清仓 3 个仓位。 其中最大新建仓标的为 KRMN。 本季清仓仓位包含 。
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。