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。
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CIK: 0001535323
申報總市值
US$1231.3億
US$1231.3億
1531 檔
15.0%
在 Q3 2025 的 13F 官方備案中，Allianz Asset Management GmbH 管理的美股投資組合規模來到 US$1231.3億，整體持股檔數為 1531 檔。
在 Q3 2025 期間，Allianz Asset Management GmbH 展現了靈活的資產再平衡步調，透過出清 8 檔弱勢或達到目標價部位，將資金轉置於 5 檔新建倉標的之中。
在資產配置集中度方面，Allianz Asset Management GmbH 的前 5 大核心持股（包含 VG, NVDA, MSFT 等）合計佔整體申報市值的 15.0%，反映機構在主要關鍵部位上的權重分佈。
本季最大新建倉標的
KWEB
市值: US$1.7億
本季最大獲利了結 / 清倉標的
XLP
前期市值: US$1.6億
僅顯示前 200 大持股（共 1531 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 | VG | Venture Global Inc-cl A | 股票-能源 | 5.62% | -2.60% | — | |
| 2 | NVDA | Nvidia CORP | 股票-科技 | 4.99% | +0.47% | +1.08% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 4.18% | -0.43% | +4.14% | |
| 4 | AAPL | Apple Inc | 股票-科技 | 3.41% | +0.05% | -7.27% | |
| 5 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.39% | +0.33% | +4.33% | |
| 6 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.99% | -0.12% | -5.78% | |
| 7 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 1.81% | +2.24% | +203.54% | |
| 8 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.61% | -0.06% | +2.72% | |
| 9 | AVGO | Broadcom Inc | 股票-科技 | 1.33% | +0.15% | -1.78% | |
| 10 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.25% | +0.05% | +1.39% | |
| 11 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.16% | -0.46% | +1.64% | |
| 12 | EEM | Ishares Msci Emerging Market | ETF-新興市場 | 1.08% | -0.02% | +41.95% | |
| 13 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.05% | -0.17% | +28.36% | |
| 14 | VICI | Vici Properties Inc | 股票-房地產 | 1.02% | -0.21% | +11.72% | |
| 15 | CSCO | Cisco Systems Inc | 股票-科技 | 0.91% | +0.08% | -1.59% | |
| 16 | TSLA | Tesla Inc | 股票-循環性消費 | 0.87% | -0.05% | -37.20% | |
| 17 | MA | Mastercard Inc - A | 股票-金融 | 0.77% | -0.23% | +25.48% | |
| 18 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 0.73% | -0.10% | +17.02% | |
| 19 | GILD | Gilead Sciences Inc | 股票-醫療保健 | 0.73% | -0.17% | -7.63% | |
| 20 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 0.68% | +0.07% | -21.15% | |
| 21 | WMT | Walmart Inc | 股票-非循環性消費 | 0.68% | -0.04% | +8.15% | |
| 22 | QCOM | Qualcomm Inc | 股票-科技 | 0.66% | -0.19% | +1.83% | |
| 23 | V | Visa Inc-class A Shares | 股票-金融 | 0.64% | +0.03% | +0.69% | |
| 24 | NFLX | Netflix Inc | 股票-通訊服務 | 0.60% | -0.19% | +5.94% | |
| 25 | ABT | Abbott Laboratories | 股票-醫療保健 | 0.56% | -0.10% | -0.42% | |
| 26 | AMAT | Applied Materials Inc | 股票-科技 | 0.56% | +0.59% | -21.69% | |
| 27 | INTU | Intuit Inc | 股票-科技 | 0.51% | +0.05% | +47.15% | |
| 28 | TT | Trane Technologies plc | 股票-工業 | 0.50% | -0.01% | +5.84% | |
| 29 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.49% | -0.08% | -8.21% | |
| 30 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.47% | +0.04% | +5.68% | |
| 31 | MO | Altria Group Inc | 股票-非循環性消費 | 0.46% | -0.04% | +0.90% | |
| 32 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 0.46% | +0.25% | +20.20% | |
| 33 | APH | Amphenol Corp-cl A | 股票-科技 | 0.45% | -0.01% | -18.74% | |
| 34 | T | At&t Inc | 股票-通訊服務 | 0.44% | -0.27% | +4.31% | |
| 35 | CMCSA | Comcast Corp-class A | 股票-通訊服務 | 0.44% | -0.10% | +0.82% | |
| 36 | ECL | Ecolab Inc | 股票-原物料 | 0.42% | -0.13% | +5.31% | |
| 37 | VZ | Verizon Communications Inc | 股票-通訊服務 | 0.41% | -0.18% | -24.66% | |
| 38 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.40% | +0.10% | -10.70% | |
| 39 | KR | Kroger Co | 股票-非循環性消費 | 0.40% | -0.08% | +64.91% | |
| 40 | CRM | Salesforce Inc | 股票-科技 | 0.39% | +0.02% | +18.81% | |
| 41 | SYF | Synchrony Financial | 股票-金融 | 0.39% | -0.04% | -6.03% | |
| 42 | LRCX | Lam Research CORP | 股票-科技 | 0.39% | +0.37% | +3.28% | |
| 43 | LNG | Cheniere Energy Inc | 股票-能源 | 0.38% | -0.16% | +12.63% | |
| 44 | MPC | Marathon Petroleum CORP | 股票-能源 | 0.38% | -0.12% | +7.50% | |
| 45 | MS | Morgan Stanley | 股票-金融 | 0.38% | +0.01% | +19.09% | |
| 46 | CMI | Cummins Inc | 股票-工業 | 0.38% | +0.05% | -5.04% | |
| 47 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-非投資等級債 | 0.36% | -0.09% | +5.06% | |
| 48 | WFC | Wells Fargo & Co | 股票-金融 | 0.36% | -0.08% | -1.32% | |
| 49 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 0.35% | +0.03% | +22.45% | |
| 50 | TEL | TE Connectivity plc | 股票-科技 | 0.34% | -0.21% | -8.37% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | IVV | Ishares Core S&p 500 ETF | +1.8% | +203.54% | 加碼 |
| 2 | NVDA | Nvidia CORP | +1.4% | +1.08% | 減碼 |
| 3 | VG | Venture Global Inc-cl A | +1% | — | 不變 |
| 4 | MSFT | Microsoft CORP | +0.6% | +4.14% | 加碼 |
| 5 | AVGO | Broadcom Inc | +0.5% | -1.78% | 加碼 |
| 6 | GOOGL | Alphabet Inc-cl A | +0.4% | -5.78% | 減碼 |
| 7 | MA | Mastercard Inc - A | +0.3% | +25.48% | 加碼 |
| 8 | META | Meta Platforms Inc-class A | +0.2% | +2.72% | 加碼 |
| 9 | GOOG | Alphabet Inc-cl C | +0.2% | +1.39% | 減碼 |
| 10 | PLTR | Palantir Technologies Inc-a | +0.2% | +22.62% | 加碼 |
| 11 | WBD | Warner Bros Discovery Inc | +0.2% | +170.05% | 加碼 |
| 12 | IWM | Ishares Russell 2000 ETF | +0.2% | +17.02% | 加碼 |
| 13 | BKNG | Booking Holdings Inc | +0.2% | +20.20% | 加碼 |
| 14 | JBL | Jabil Inc | +0.2% | +180.10% | 加碼 |
| 15 | JNJ | Johnson & Johnson | +0.2% | +1.64% | 加碼 |
| 16 | ACN | Accenture plc | +0.2% | +411.44% | 加碼 |
| 17 | ADSK | Autodesk Inc | +0.2% | +9.50% | 加碼 |
| 18 | LRCX | Lam Research CORP | +0.2% | +3.28% | 加碼 |
| 19 | NFLX | Netflix Inc | +0.1% | +5.94% | 加碼 |
| 20 | TSM | Taiwan Semiconductor-sp Adr | +0.1% | +22.45% | 加碼 |
| 21 | KR | Kroger Co | +0.1% | +64.91% | 加碼 |
| 22 | ADT | Adt Inc | +0.1% | -4.76% | 加碼 |
| 23 | ANET | Arista Networks Inc | +0.1% | -11.84% | 加碼 |
| 24 | VOO | Vanguard S&p 500 ETF | +0.1% | +3.12% | 加碼 |
| 25 | CF | Cf Industries Holdings Inc | +0.1% | +26.84% | 加碼 |
| 26 | RL | Ralph Lauren CORP | +0.1% | +27.98% | 加碼 |
| 27 | FSS | Federal Signal CORP | +0.1% | — | 加碼 |
| 28 | PMBS | Pimco Mbs Active ETF | +0.1% | +58.94% | 加碼 |
| 29 | ORCL | Oracle CORP | +0.1% | -11.45% | 減碼 |
| 30 | PYPL | Paypal Holdings Inc | +0.1% | +17.05% | 加碼 |
| 31 | PAYC | Paycom Software Inc | +0.1% | +10106.60% | 加碼 |
| 32 | INTU | Intuit Inc | +0.1% | +47.15% | 加碼 |
| 33 | MPC | Marathon Petroleum CORP | +0.1% | +7.50% | 加碼 |
| 34 | CMI | Cummins Inc | +0.1% | -5.04% | 加碼 |
| 35 | PM | Philip Morris International | +0.1% | +1.24% | 加碼 |
| 36 | KGC | Kinross Gold CORP | +0.1% | -5.50% | 加碼 |
| 37 | EW | Edwards Lifesciences CORP | +0.1% | +128.60% | 加碼 |
| 38 | VEEV | Veeva Systems Inc-class A | +0.1% | +68.99% | 加碼 |
| 39 | MELI | Mercadolibre Inc | +0.1% | -4.71% | 加碼 |
| 40 | LMT | Lockheed Martin CORP | +0.1% | -8.00% | 加碼 |
| 41 | EXC | Exelon CORP | +0.1% | +164.80% | 加碼 |
| 42 | MU | Micron Technology Inc | +0.1% | +41.89% | 加碼 |
| 43 | EEM | Ishares Msci Emerging Market | +0.1% | +41.95% | 加碼 |
| 44 | SPOT | Spotify Technology S.A. | +0.1% | -6.81% | 加碼 |
| 45 | EXEL | Exelixis Inc | +0.1% | +153.28% | 加碼 |
| 46 | APP | Applovin Corp-class A | +0.1% | +6.43% | 減碼 |
| 47 | WCN | Waste Connections Inc | +0.1% | -3.21% | 加碼 |
| 48 | MRK | Merck & Co. Inc. | +0.1% | +45.40% | 加碼 |
| 49 | EBAY | Ebay Inc | +0.1% | +10.92% | 加碼 |
| 50 | UNM | Unum Group | +0.1% | +63.68% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Allianz Asset Management GmbH 在 Q3 2025 季度的美股持倉總市值約為 US$1231.3億，共申報了 1531 個公開持股部位。
在 Q3 2025 季度，Allianz Asset Management GmbH 按市值排列的前三大核心持股分別為：VG (5.6%)、NVDA (5.0%)、MSFT (4.2%)。其中最大持股部位 VG 佔據整體投資組合約 5.6% 的權重。
在 Q3 2025 季度中，Allianz Asset Management GmbH 共進行了 198 項持倉異動，包含新建倉 5 個部位、加碼 107 個部位、減碼 78 個部位以及清倉 8 個部位。 其中最大新建倉標的為 KWEB。 本季清倉部位包含 XLP。
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。
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。
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。