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: 0001326234
申報總市值
US$84.3億
US$84.3億
220 檔
31.7%
在 Q4 2025 的 13F 官方備案中，Allen Investment Management, LLC 管理的美股投資組合規模來到 US$84.3億，整體持股檔數為 220 檔。
Q4 2025 數據顯示 Allen Investment Management, LLC 積極進場，新開立 5 個部位並同步加碼 26 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 AMZN, MSFT, SCHW）累計市值佔比達 31.7%，是驅動 Allen Investment Management, LLC 該季度整體投資組合績效表現的核心支柱。
僅顯示前 200 大持股（共 220 檔）
| # | 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 | AMZN | Amazon.com Inc | 股票-循環性消費 | 7.04% | -0.05% | -1.67% | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 6.53% | -0.96% | -4.44% | |
| 3 | SCHW | Schwab (charles) CORP | 股票-金融 | 6.18% | -2.45% | -4.52% | |
| 4 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 5.41% | -0.93% | +8.28% | |
| 5 | V | Visa Inc-class A Shares | 股票-金融 | 4.39% | -0.32% | -3.44% | |
| 6 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 4.21% | +0.64% | +13.14% | |
| 7 | SPGI | S&p Global Inc | 股票-金融 | 4.08% | -3.49% | -4.55% | |
| 8 | MCO | Moody's CORP | 股票-金融 | 4.07% | -0.86% | -1.23% | |
| 9 | APO | Apollo Global Management Inc | 股票-金融 | 3.88% | -1.48% | -7.04% | |
| 10 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 3.52% | +1.22% | -4.89% | |
| 11 | GEV | GE Vernova Inc | 股票-工業 | 2.89% | -0.20% | +0.97% | |
| 12 | BA | Boeing Co/the | 股票-工業 | 2.33% | -0.53% | +59.70% | |
| 13 | VTI | Vanguard Total Stock Mkt ETF | ETF-其他 | 2.22% | +0.13% | -1.71% | |
| 14 | GLD | Spdr Gold Shares | ETF-避險與商品 | 2.11% | -0.33% | +7.49% | |
| 15 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 2.02% | +0.59% | +9.99% | |
| 16 | AMLP | Alerian Mlp ETF | ETF-其他 | 1.95% | +0.12% | +7.13% | |
| 17 | VOO | Vanguard S&p 500 ETF | ETF-大型股與成長 | 1.80% | +0.22% | +0.28% | |
| 18 | NVDA | Nvidia CORP | 股票-科技 | 1.62% | +1.56% | -0.12% | |
| 19 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 1.39% | +0.27% | +12.84% | |
| 20 | AVGO | Broadcom Inc | 股票-科技 | 1.38% | +1.46% | +2.64% | |
| 21 | NOW | Servicenow Inc | 股票-科技 | 1.34% | -0.29% | +497.16% | |
| 22 | SHOP | Shopify Inc - Class A | 股票-科技 | 1.22% | -0.12% | -5.09% | |
| 23 | CRWD | Crowdstrike Holdings Inc - A | 股票-科技 | 1.10% | +0.34% | +0.18% | |
| 24 | XLE | Ss Energy Select Sector | ETF-其他 | 1.06% | +0.04% | +116.48% | |
| 25 | NET | Cloudflare Inc - Class A | 股票-科技 | 1.01% | +0.08% | -11.86% | |
| 26 | MELI | Mercadolibre Inc | 股票-循環性消費 | 0.98% | -0.26% | +0.13% | |
| 27 | AAPL | Apple Inc | 股票-科技 | 0.95% | +0.09% | +4.44% | |
| 28 | VEA | Vanguard Ftse Developed ETF | ETF-其他 | 0.93% | +0.04% | +2.77% | |
| 29 | ASML | ASML Holding N.V. | 股票-科技 | 0.90% | +0.52% | -11.28% | |
| 30 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 0.90% | +2.23% | +28.50% | |
| 31 | W | Wayfair Inc- Class A | 股票-循環性消費 | 0.83% | +0.12% | +32.32% | |
| 32 | UBER | Uber Technologies Inc | 股票-工業 | 0.82% | -0.31% | -60.98% | |
| 33 | ITOT | Ishares Core S&p Total U.s. | ETF-其他 | 0.81% | -0.08% | -6.94% | |
| 34 | NU | Nu Holdings Ltd. | 股票-金融 | 0.76% | -0.19% | +1.89% | |
| 35 | VXUS | Vanguard Total Intl Stock | ETF-其他 | 0.72% | +0.27% | +46.97% | |
| 36 | ARCC | Ares Capital CORP | 股票-金融 | 0.69% | -0.04% | -1.55% | |
| 37 | GBDC | Golub Capital Bdc Inc | 股票-金融 | 0.61% | -0.04% | -2.48% | |
| 38 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.56% | +0.03% | +0.41% | |
| 39 | BX | Blackstone Inc | 股票-金融 | 0.54% | -0.03% | -2.68% | |
| 40 | CPNG | Coupang Inc | 股票-循環性消費 | 0.49% | -0.12% | -5.29% | |
| 41 | IBIT | Ishares Bitcoin Trust ETF | ETF-加密貨幣 | 0.49% | -0.12% | +12.65% | |
| 42 | SNOW | Snowflake Inc | 股票-科技 | 0.46% | +0.57% | -18.70% | |
| 43 | AMD | Advanced Micro Devices | 股票-科技 | 0.44% | +0.42% | +1.23% | |
| 44 | VCSH | Vanguard S/t CORP Bond ETF | ETF-投資等級公司債 | 0.44% | -0.11% | +3.11% | |
| 45 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.41% | +0.01% | -20.21% | |
| 46 | VCIT | Vanguard Int-term Corporate | ETF-投資等級公司債 | 0.40% | -0.10% | +2.56% | |
| 47 | PANW | Palo Alto Networks Inc | 股票-科技 | 0.38% | +0.29% | +0.33% | |
| 48 | COIN | Coinbase Global Inc -class A | 股票-金融 | 0.38% | -0.11% | -31.34% | |
| 49 | TSLX | Sixth Street Specialty Lendi | 股票-其他 | 0.38% | -0.04% | +0.10% | |
| 50 | VTEB | Vanguard Tax-exempt Bond ETF | ETF-其他 | 0.38% | -0.02% | +8.09% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | BA | Boeing Co/the | +0.9% | +59.70% | 加碼 |
| 2 | GOOG | Alphabet Inc-cl C | +0.6% | -4.89% | 減碼 |
| 3 | GLD | Spdr Gold Shares | +0.4% | +7.49% | 加碼 |
| 4 | UNH | Unitedhealth Group Inc | +0.3% | +13.14% | 加碼 |
| 5 | W | Wayfair Inc- Class A | +0.3% | +32.32% | 加碼 |
| 6 | TSM | Taiwan Semiconductor-sp Adr | +0.3% | +28.50% | 加碼 |
| 7 | VXUS | Vanguard Total Intl Stock | +0.2% | +46.97% | 加碼 |
| 8 | QQQ | Invesco Qqq Trust Series 1 | +0.2% | +9.99% | 加碼 |
| 9 | AMZN | Amazon.com Inc | +0.2% | -1.67% | 減碼 |
| 10 | MCO | Moody's CORP | +0.2% | -1.23% | 減碼 |
| 11 | GEV | GE Vernova Inc | +0.2% | +0.97% | 加碼 |
| 12 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.2% | +12.84% | 加碼 |
| 13 | AMLP | Alerian Mlp ETF | +0.1% | +7.13% | 加碼 |
| 14 | AMD | Advanced Micro Devices | +0.1% | +1.23% | 加碼 |
| 15 | VIG | Vanguard Dividend Apprec ETF | +0.1% | +62.86% | 加碼 |
| 16 | VYM | Vanguard High Dvd Yield ETF | +0.1% | +157.08% | 加碼 |
| 17 | AVGO | Broadcom Inc | +0.1% | +2.64% | 加碼 |
| 18 | AAPL | Apple Inc | +0.1% | +4.44% | 加碼 |
| 19 | SPGI | S&p Global Inc | +0.1% | -4.55% | 減碼 |
| 20 | XLE | Ss Energy Select Sector | +0.1% | +116.48% | 加碼 |
| 21 | RSP | Invesco S&p 500 Equal Weight | +0.1% | +32.85% | 加碼 |
| 22 | VEA | Vanguard Ftse Developed ETF | +0.1% | +2.77% | 加碼 |
| 23 | GOOGL | Alphabet Inc-cl A | +0.1% | -3.40% | 減碼 |
| 24 | VOO | Vanguard S&p 500 ETF | +0.1% | +0.28% | 加碼 |
| 25 | NU | Nu Holdings Ltd. | 0% | +1.89% | 加碼 |
| 26 | LLY | Eli Lilly & Co | 0% | +29.31% | 加碼 |
| 27 | CRWD | Crowdstrike Holdings Inc - A | -0.1% | +0.18% | 加碼 |
| 28 | IBIT | Ishares Bitcoin Trust ETF | -0.1% | +12.65% | 加碼 |
| 29 | BX | Blackstone Inc | -0.1% | -2.68% | 減碼 |
| 30 | BRK-B | Berkshire Hathaway Inc-cl B | -0.1% | -20.21% | 減碼 |
| 31 | SPOT | Spotify Technology S.A. | -0.1% | -19.21% | 減碼 |
| 32 | NFLX | Netflix Inc | -0.1% | +755.25% | 加碼 |
| 33 | SNOW | Snowflake Inc | -0.1% | -18.70% | 減碼 |
| 34 | MELI | Mercadolibre Inc | -0.2% | +0.13% | 加碼 |
| 35 | META | Meta Platforms Inc-class A | -0.2% | +8.28% | 加碼 |
| 36 | RBLX | Roblox CORP -class A | -0.2% | -14.13% | 減碼 |
| 37 | CPNG | Coupang Inc | -0.2% | -5.29% | 減碼 |
| 38 | SBUX | Starbucks CORP | -0.2% | -92.81% | 減碼 |
| 39 | NET | Cloudflare Inc - Class A | -0.2% | -11.86% | 減碼 |
| 40 | COIN | Coinbase Global Inc -class A | -0.4% | -31.34% | 減碼 |
| 41 | ANET | Arista Networks Inc | -0.5% | -81.45% | 減碼 |
| 42 | MSFT | Microsoft CORP | -0.8% | -4.44% | 減碼 |
| 43 | UBER | Uber Technologies Inc | -1.7% | -60.98% | 減碼 |
| 44 | HUBS | Hubspot Inc | — | EXIT | 清倉 |
| 45 | DUOL | Duolingo | — | EXIT | 清倉 |
| 46 | SE | Sea Ltd-adr | — | NEW | 新建倉 |
| 47 | HDEF | Xtrackers Msci Eafe High Div | — | NEW | 新建倉 |
| 48 | DES | Wisdomtree US Smallcap Divid | — | NEW | 新建倉 |
| 49 | AKRE | Akre Focus ETF | — | NEW | 新建倉 |
| 50 | IVV | Ishares Core S&p 500 ETF | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Allen Investment Management, LLC 在 Q4 2025 季度的美股持倉總市值約為 US$84.3億，共申報了 220 個公開持股部位。
在 Q4 2025 季度，Allen Investment Management, LLC 按市值排列的前三大核心持股分別為：AMZN (7.0%)、MSFT (6.5%)、SCHW (6.2%)。其中最大持股部位 AMZN 佔據整體投資組合約 7.0% 的權重。
精選 AlphaSMO 大戶持股與內部人交易深度分析，提升投資決策勝率
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。
本季最大新建倉標的
SE
市值: US$1961.2萬
本季最大獲利了結 / 清倉標的
HUBS
前期市值: US$3027.9萬
在 Q4 2025 季度中，Allen Investment Management, LLC 共進行了 50 項持倉異動，包含新建倉 5 個部位、加碼 26 個部位、減碼 17 個部位以及清倉 2 個部位。 其中最大新建倉標的為 SE。 本季清倉部位包含 HUBS。
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。
解析公司高管、董事與 10% 大股東之 Form 4 內部人交易申報，掌握高管自家股票買賣第一手訊號。
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。