13F 申報指南13F 觀念全攻略
什麼是 SEC Form 13F 申報？美股機構大戶持股全攻略
完整解讀 Form 13F 申報規範、1 億美元門檻與 45 天延遲申報機制，學會如何追蹤頂級對沖基金與機構法人持倉動向。
AlphaSMO 權威研究指南閱讀專題
CIK: 0001454937
申報總市值
US$1.4億
US$1.4億
46 檔
72.6%
在 Q2 2025 的 13F 官方備案中，AEGON USA Investment Management, LLC 管理的美股投資組合規模來到 US$1.4億，整體持股檔數為 46 檔。
Q2 2025 數據顯示 AEGON USA Investment Management, LLC 積極進場，新開立 10 個部位並同步加碼 2 檔個股，反映機構在該季度的資金注入與籌碼積累。
從部位權重觀察，前 5 大標的（包含 VTI, WFC 7.5 PERP L, BND）累計市值佔比達 72.6%，是驅動 AEGON USA Investment Management, LLC 該季度整體投資組合績效表現的核心支柱。
本季最大新建倉標的
KKR 6.25 03-01-28 D
市值: US$145.3萬
本季最大獲利了結 / 清倉標的
BKNG 0.75 05-01-25
前期市值: US$188.3萬
| # | 代號 | 標的名稱 | 資產子類別 | 佔比 | 佔比變動 | 持倉量變化 | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | VTI | Vanguard Total Stock Mkt ETF | ETF-其他 | 66.85% | +2.53% | -2.24% | |
| 2 | WFC 7.5 PERP L債券 | Wells Fargo & Company | 債券 | 2.69% | -0.20% | — | |
| 3 | BND | Vanguard Total Bond Market | ETF-其他 | 2.32% | -0.24% | -1.49% | |
| 4 | BAC 7.25 PERP L債券 | Bank Of America CORP | 債券 | 2.25% | -0.08% | — | |
| 5 | SO 3.875 12-15-25債券 | Southern Co | 債券 | 1.88% | — | — | |
| 6 | NEE 6.926 09-01-25債券 | Nextera Energy Inc | 債券 | 1.70% | — | — | |
| 7 | UBER 0.875 12-01-28 2028債券 | Uber Technologies Inc | 債券 | 1.50% | -0.12% | — | |
| 8 | F 0 03-15-26債券 | Ford Motor Company | 債券 | 1.37% | — | — | |
| 9 | APO 6.75 07-31-26債券 | Apollo Global Management | 債券 | 1.28% | -0.06% | — | |
| 10 | GPN 1.5 03-01-31債券 | Global Payments Inc | 債券 | 1.20% | -0.08% | — | |
| 11 | DUK 4.125 04-15-26債券 | Duke Energy CORP | 債券 | 1.14% | -1.24% | EXIT | |
| 12 | KKR 6.25 03-01-28 D債券 | Kkr & Co Inc | 債券 | 1.09% | -0.12% | — | |
| 13 | CNP 4.25 08-15-26債券 | Centerpoint Energy Inc | 債券 | 0.92% | -0.08% | — | |
| 14 | SRLN | Ss Blackstone Sr Loan ETF | ETF-其他 | 0.91% | -0.07% | -38.05% | |
| 15 | ARES 6.75 10-01-27 B債券 | Ares Management CORP | 債券 | 0.91% | -0.05% | — | |
| 16 | PPL 2.875 03-15-28債券 | Ppl Capital Funding Inc | 債券 | 0.91% | -0.12% | — | |
| 17 | EVRG 4.5 12-15-27債券 | Evergy Inc | 債券 | 0.82% | -0.03% | — | |
| 18 | CMS 3.375 05-01-28債券 | Cms Energy CORP | 債券 | 0.72% | -0.08% | — | |
| 19 | VTR 3.75 06-01-26債券 | Ventas Realty LP | 債券 | 0.68% | -0.89% | EXIT | |
| 20 | EXPE 0 02-15-26債券 | Expedia Group Inc | 債券 | 0.64% | — | — | |
| 21 | SO 4.5 06-15-27債券 | Southern Co | 債券 | 0.62% | -0.06% | — | |
| 22 | VGSH | Vanguard Short-term Treasury | ETF-政府公債 | 0.59% | -0.06% | — | |
| 23 | LNT 3.875 03-15-26債券 | Alliant Energy CORP | 債券 | 0.57% | — | — | |
| 24 | BKLN | Invesco Senior Loan ETF | ETF-其他 | 0.56% | +0.16% | -49.30% | |
| 25 | NEE 3 03-01-27債券 | Nextera Energy Capital | 債券 | 0.53% | -0.09% | — | |
| 26 | WEC 4.375 06-01-29債券 | Wec Energy Group Inc | 債券 | 0.43% | -0.04% | — | |
| 27 | WEC 4.375 06-01-27債券 | Wec Energy Group Inc | 債券 | 0.42% | -0.04% | — | |
| 28 | HFRO | Highland Opport & Income | 股票-其他 | 0.41% | -0.11% | — | |
| 29 | VUG | Vanguard Growth ETF | ETF-其他 | 0.38% | -0.06% | — | |
| 30 | AWK 3.625 06-15-26債券 | American Water Capital C | 債券 | 0.38% | -0.39% | EXIT | |
| 31 | MTH 1.75 05-15-28債券 | Meritage Homes CORP | 債券 | 0.34% | -0.01% | — | |
| 32 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-非投資等級債 | 0.34% | -0.03% | — | |
| 33 | SPHQ | Invesco S&p 500 Quality ETF | ETF-大型股與成長 | 0.31% | -0.01% | — | |
| 34 | PNW 4.75 06-15-27債券 | Pinnacle West Capital | 債券 | 0.28% | -0.01% | — | |
| 35 | CBL | Cbl & Associates Properties | 股票-其他 | 0.28% | — | — | |
| 36 | NEE 7.299 06-01-27債券 | Nextera Energy Inc | 債券 | 0.28% | -0.04% | — | |
| 37 | NVST 1.75 08-15-28債券 | Envista Holdings CORP | 債券 | 0.27% | -0.02% | — | |
| 38 | CCO | Clear Channel Outdoor Holdin | 股票-其他 | 0.26% | -0.01% | +24.09% | |
| 39 | FCT | First Trust Snr Fl Rt Inc Ii | 股票-其他 | 0.23% | — | — | |
| 40 | HIX | Western Asset High Inc Ii | 股票-其他 | 0.19% | -0.02% | — | |
| 41 | IHRT | Iheartmedia Inc - Class A | 股票-其他 | 0.15% | -0.03% | +9.92% | |
| 42 | CSWC 5.125 11-15-29債券 | Capital Southwest CORP | 債券 | 0.14% | -0.01% | — | |
| 43 | XEFRX | Eaton Vance Sr Fltg Rate Tr | 股票-其他 | 0.13% | -0.02% | — | |
| 44 | NMFC 7.5 10-15-25債券 | New Mountain Finance Cor | 債券 | 0.12% | — | — | |
| 45 | NOVA 2.625 02-15-28債券 | Sunnova Energy Intl Inc | 債券 | — | — | — | |
| 46 | NOVA 0.25 12-01-26債券 | Sunnova Energy Intl Inc | 債券 | — | — | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | VTI | Vanguard Total Stock Mkt ETF | +1.3% | -2.24% | 減碼 |
| 2 | KKR 6.25 03-01-28 D債券 | Kkr & Co Inc | +1.1% | NEW | 新建倉 |
| 3 | ARES 6.75 10-01-27 B債券 | Ares Management CORP | +0.9% | NEW | 新建倉 |
| 4 | SO 4.5 06-15-27債券 | Southern Co | +0.6% | NEW | 新建倉 |
| 5 | WEC 4.375 06-01-29債券 | Wec Energy Group Inc | +0.4% | NEW | 新建倉 |
| 6 | WEC 4.375 06-01-27債券 | Wec Energy Group Inc | +0.4% | NEW | 新建倉 |
| 7 | MTH 1.75 05-15-28債券 | Meritage Homes CORP | +0.3% | NEW | 新建倉 |
| 8 | PNW 4.75 06-15-27債券 | Pinnacle West Capital | +0.3% | NEW | 新建倉 |
| 9 | NVST 1.75 08-15-28債券 | Envista Holdings CORP | +0.3% | NEW | 新建倉 |
| 10 | UBER 0.875 12-01-28 2028債券 | Uber Technologies Inc | +0.1% | — | 不變 |
| 11 | CSWC 5.125 11-15-29債券 | Capital Southwest CORP | +0.1% | NEW | 新建倉 |
| 12 | XEFRX | Eaton Vance Sr Fltg Rate Tr | +0.1% | NEW | 新建倉 |
| 13 | CCO | Clear Channel Outdoor Holdin | +0.1% | +24.09% | 加碼 |
| 14 | VUG | Vanguard Growth ETF | 0% | — | 不變 |
| 15 | IHRT | Iheartmedia Inc - Class A | 0% | +9.92% | 加碼 |
| 16 | SPHQ | Invesco S&p 500 Quality ETF | 0% | — | 不變 |
| 17 | NMFC 7.5 10-15-25債券 | New Mountain Finance Cor | — | — | 不變 |
| 18 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | 0% | — | 不變 |
| 19 | HIX | Western Asset High Inc Ii | 0% | — | 不變 |
| 20 | FCT | First Trust Snr Fl Rt Inc Ii | 0% | — | 不變 |
| 21 | APO 6.75 07-31-26債券 | Apollo Global Management | 0% | — | 不變 |
| 22 | CBL | Cbl & Associates Properties | 0% | — | 不變 |
| 23 | NEE 7.299 06-01-27債券 | Nextera Energy Inc | 0% | — | 不變 |
| 24 | AWK 3.625 06-15-26債券 | American Water Capital C | 0% | — | 不變 |
| 25 | HFRO | Highland Opport & Income | 0% | — | 不變 |
| 26 | NEE 3 03-01-27債券 | Nextera Energy Capital | 0% | — | 不變 |
| 27 | VGSH | Vanguard Short-term Treasury | 0% | — | 不變 |
| 28 | EXPE 0 02-15-26債券 | Expedia Group Inc | -0.1% | — | 不變 |
| 29 | EVRG 4.5 12-15-27債券 | Evergy Inc | -0.1% | — | 不變 |
| 30 | CNP 4.25 08-15-26債券 | Centerpoint Energy Inc | -0.1% | — | 不變 |
| 31 | NOVA 2.625 02-15-28債券 | Sunnova Energy Intl Inc | -0.1% | — | 不變 |
| 32 | LNT 3.875 03-15-26債券 | Alliant Energy CORP | -0.1% | — | 不變 |
| 33 | NOVA 0.25 12-01-26債券 | Sunnova Energy Intl Inc | -0.1% | — | 不變 |
| 34 | F 0 03-15-26債券 | Ford Motor Company | -0.1% | — | 不變 |
| 35 | CMS 3.375 05-01-28債券 | Cms Energy CORP | -0.1% | — | 不變 |
| 36 | PPL 2.875 03-15-28債券 | Ppl Capital Funding Inc | -0.1% | — | 不變 |
| 37 | SO 3.875 12-15-25債券 | Southern Co | -0.1% | — | 不變 |
| 38 | GPN 1.5 03-01-31債券 | Global Payments Inc | -0.2% | — | 不變 |
| 39 | NEE 6.926 09-01-25債券 | Nextera Energy Inc | -0.2% | — | 不變 |
| 40 | BND | Vanguard Total Bond Market | -0.2% | -1.49% | 減碼 |
| 41 | BAC 7.25 PERP L債券 | Bank Of America CORP | -0.2% | — | 不變 |
| 42 | WFC 7.5 PERP L債券 | Wells Fargo & Company | -0.2% | — | 不變 |
| 43 | VTR 3.75 06-01-26債券 | Ventas Realty LP | -0.3% | -22.43% | 減碼 |
| 44 | DUK 4.125 04-15-26債券 | Duke Energy CORP | -0.4% | -18.48% | 減碼 |
| 45 | BKLN | Invesco Senior Loan ETF | -0.6% | -49.30% | 減碼 |
| 46 | SRLN | Ss Blackstone Sr Loan ETF | -0.6% | -38.05% | 減碼 |
| 47 | LUV 1.25 05-01-25債券 | Southwest Airlines Co | -0.9% | EXIT | 清倉 |
| 48 | BKNG 0.75 05-01-25債券 | Booking Holdings Inc | -1.5% | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，AEGON USA Investment Management, LLC 在 Q2 2025 季度的美股持倉總市值約為 US$1.4億，共申報了 46 個公開持股部位。
在 Q2 2025 季度，AEGON USA Investment Management, LLC 按市值排列的前三大核心持股分別為：VTI (66.8%)、WFC 7.5 PERP L (2.7%)、BND (2.3%)。其中最大持股部位 VTI 佔據整體投資組合約 66.8% 的權重。
在 Q2 2025 季度中，AEGON USA Investment Management, LLC 共進行了 20 項持倉異動，包含新建倉 10 個部位、加碼 2 個部位、減碼 6 個部位以及清倉 2 個部位。 其中最大新建倉標的為 KKR 6.25 03-01-28 D。 本季清倉部位包含 BKNG 0.75 05-01-25。
本頁面所有持股數據均直接同步自美國證券交易委員會（SEC）EDGAR 官方系統之 13F-HR / 13F-HR/A 季度申報文件。AlphaSMO 透過機器解析 CUSIP 與個股對照，提供 100% 精準對齊的歷史時序數據集，並支援 Schema.org 結構化資料格式。
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完整解讀 Form 13F 申報規範、1 億美元門檻與 45 天延遲申報機制，學會如何追蹤頂級對沖基金與機構法人持倉動向。
深入剖析 5% 股益申報門檻、13D 與 13G 之差異，以及最新 SEC 申報時程規範，洞察機構法人的激進投資動向。