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: 0001731671
申報總市值
US$2.8億
US$2.8億
95 檔
20.5%
Altman Advisors, Inc. 在 Q4 2025 季度的美股部位總計估值為 US$2.8億，分散於 95 個持倉標的之中，反映其市場參與廣度與投資規模。
數據顯示 Altman Advisors, Inc. 於 Q4 2025 季度持續回收資金，對 27 個既有部位進行裁減並清倉 3 個標的，組合整體流動性比重有所上升。
從部位權重觀察，前 5 大標的（包含 IEUR, NVDA, GOOGL）累計市值佔比達 20.5%，是驅動 Altman Advisors, Inc. 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
ACWI
市值: US$348.8萬
本季最大獲利了結 / 清倉標的
FLIN
前期市值: US$271.4萬
| # | 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 | IEUR | Ishares Core Msci Europe ETF | ETF-其他 | 6.26% | -0.66% | +1.35% | |
| 2 | NVDA | Nvidia CORP | 股票-科技 | 4.50% | -0.11% | -3.02% | |
| 3 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 4.05% | +0.23% | -2.58% | |
| 4 | AAPL | Apple Inc | 股票-科技 | 3.56% | -0.14% | -0.92% | |
| 5 | AMZN | Amazon.com Inc | 股票-循環性消費 | 3.12% | -0.07% | +3.15% | |
| 6 | XSVM | Invesco S&p Smallcap Value W | ETF-其他 | 2.95% | -0.02% | +10.65% | |
| 7 | MSFT | Microsoft CORP | 股票-科技 | 2.86% | -0.35% | +2.55% | |
| 8 | IEF | Ishares 7-10 Year Treasury B | ETF-政府公債 | 2.70% | — | +19.19% | |
| 9 | IAU | Ishares Gold Trust | ETF-避險與商品 | 2.04% | -0.46% | -6.77% | |
| 10 | AVGO | Broadcom Inc | 股票-科技 | 1.82% | +0.08% | -23.05% | |
| 11 | WMT | Walmart Inc | 股票-非循環性消費 | 1.56% | -0.68% | -0.39% | |
| 12 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 1.49% | +0.38% | -1.04% | |
| 13 | CBOE | Cboe Global Markets Inc | 股票-金融 | 1.46% | -0.46% | — | |
| 14 | TWLO | Twilio Inc - A | 股票-科技 | 1.38% | +0.56% | +0.26% | |
| 15 | FNOV | Ft Vest US Equity Buffer ETF | ETF-其他 | 1.37% | -0.26% | +0.54% | |
| 16 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.36% | +0.09% | -0.15% | |
| 17 | CEG | Constellation Energy | 股票-公用事業 | 1.34% | -0.28% | +0.15% | |
| 18 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.33% | -0.04% | -17.16% | |
| 19 | EXPE | Expedia Group Inc | 股票-循環性消費 | 1.32% | -0.06% | -8.22% | |
| 20 | ACWI | Ishares Msci Acwi ETF | ETF-其他 | 1.31% | +0.28% | NEW | |
| 21 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.29% | -0.09% | +0.43% | |
| 22 | C | Citigroup Inc | 股票-金融 | 1.26% | +0.07% | -5.69% | |
| 23 | UBS | UBS Group AG | 股票-金融 | 1.22% | +0.09% | -2.52% | |
| 24 | MUFG | Mitsubishi Ufj Finl-spon Adr | 股票-金融 | 1.21% | +0.01% | +0.74% | |
| 25 | MFG | Mizuho Financial Group-adr | 股票-金融 | 1.17% | +0.04% | -3.93% | |
| 26 | ANET | Arista Networks Inc | 股票-科技 | 1.16% | +0.19% | -0.96% | |
| 27 | CRWD | Crowdstrike Holdings Inc - A | 股票-科技 | 1.14% | +0.78% | NEW | |
| 28 | LRCX | Lam Research CORP | 股票-科技 | 1.11% | +1.06% | -29.99% | |
| 29 | IBM | Intl Business Machines CORP | 股票-科技 | 1.10% | -0.01% | -0.84% | |
| 30 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.10% | -0.04% | -1.09% | |
| 31 | MS | Morgan Stanley | 股票-金融 | 1.10% | +0.06% | -2.96% | |
| 32 | NFLX | Netflix Inc | 股票-通訊服務 | 1.09% | -0.45% | +952.06% | |
| 33 | GILD | Gilead Sciences Inc | 股票-醫療保健 | 1.04% | -0.28% | +0.83% | |
| 34 | BAC | Bank Of America CORP | 股票-金融 | 1.03% | +0.01% | -0.94% | |
| 35 | V | Visa Inc-class A Shares | 股票-金融 | 1.00% | -0.03% | +0.11% | |
| 36 | MMM | 3m Co | 股票-工業 | 0.98% | -0.03% | -1.55% | |
| 37 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.95% | +0.03% | -0.35% | |
| 38 | ORCL | Oracle CORP | 股票-科技 | 0.93% | -0.73% | EXIT | |
| 39 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.91% | — | +1.83% | |
| 40 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.91% | — | -33.63% | |
| 41 | TIMB | Tim Sa-adr | 股票-其他 | 0.89% | -0.42% | +0.23% | |
| 42 | NVS | Novartis Ag-sponsored Adr | 股票-醫療保健 | 0.89% | -0.11% | -0.14% | |
| 43 | GD | General Dynamics CORP | 股票-工業 | 0.88% | -0.09% | -0.33% | |
| 44 | MA | Mastercard Inc - A | 股票-金融 | 0.88% | -0.10% | +0.32% | |
| 45 | XOM | Exxon Mobil CORP | 股票-能源 | 0.87% | -0.35% | -0.30% | |
| 46 | DY | Dycom Industries Inc | 股票-工業 | 0.85% | +0.27% | — | |
| 47 | UBER | Uber Technologies Inc | 股票-工業 | 0.85% | -0.11% | +0.23% | |
| 48 | ETN | Eaton Corporation plc | 股票-工業 | 0.84% | +0.02% | -1.65% | |
| 49 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.83% | -0.10% | -0.35% | |
| 50 | ISRG | Intuitive Surgical Inc | 股票-醫療保健 | 0.80% | — | +0.48% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | GOOGL | Alphabet Inc-cl A | +0.8% | -2.58% | 減碼 |
| 2 | TWLO | Twilio Inc - A | +0.4% | +0.26% | 加碼 |
| 3 | IEF | Ishares 7-10 Year Treasury B | +0.4% | +19.19% | 加碼 |
| 4 | LLY | Eli Lilly & Co | +0.4% | -0.15% | 減碼 |
| 5 | XSVM | Invesco S&p Smallcap Value W | +0.3% | +10.65% | 加碼 |
| 6 | IEUR | Ishares Core Msci Europe ETF | +0.2% | +1.35% | 加碼 |
| 7 | EXPE | Expedia Group Inc | +0.2% | -8.22% | 減碼 |
| 8 | AMZN | Amazon.com Inc | +0.2% | +3.15% | 加碼 |
| 9 | ISRG | Intuitive Surgical Inc | +0.2% | +0.48% | 加碼 |
| 10 | AMD | Advanced Micro Devices | +0.2% | -3.59% | 減碼 |
| 11 | AAPL | Apple Inc | +0.2% | -0.92% | 減碼 |
| 12 | CTSH | Cognizant Tech Solutions-a | +0.1% | +0.72% | 加碼 |
| 13 | UBS | UBS Group AG | +0.1% | -2.52% | 減碼 |
| 14 | GILD | Gilead Sciences Inc | +0.1% | +0.83% | 加碼 |
| 15 | WMT | Walmart Inc | +0.1% | -0.39% | 減碼 |
| 16 | TSM | Taiwan Semiconductor-sp Adr | +0.1% | -1.04% | 減碼 |
| 17 | C | Citigroup Inc | +0.1% | -5.69% | 減碼 |
| 18 | SCCO | Southern Copper CORP | +0.1% | -4.04% | 減碼 |
| 19 | CEG | Constellation Energy | +0.1% | +0.15% | 加碼 |
| 20 | GS | Goldman Sachs Group Inc | +0.1% | -0.35% | 減碼 |
| 21 | MS | Morgan Stanley | +0.1% | -2.96% | 減碼 |
| 22 | JNJ | Johnson & Johnson | +0.1% | -0.35% | 減碼 |
| 23 | T | At&t Inc | -0.1% | -0.70% | 減碼 |
| 24 | EOG | Eog Resources Inc | -0.1% | -10.04% | 減碼 |
| 25 | CRWD | Crowdstrike Holdings Inc - A | -0.1% | -4.20% | 減碼 |
| 26 | AMT | American Tower CORP | -0.1% | -14.20% | 減碼 |
| 27 | HD | Home Depot Inc | -0.1% | -1.93% | 減碼 |
| 28 | LRCX | Lam Research CORP | -0.2% | -29.99% | 減碼 |
| 29 | TIMB | Tim Sa-adr | -0.2% | +0.23% | 加碼 |
| 30 | BABA | Alibaba Group Holding-sp Adr | -0.2% | +0.17% | 加碼 |
| 31 | ANET | Arista Networks Inc | -0.2% | -0.96% | 減碼 |
| 32 | MSFT | Microsoft CORP | -0.2% | +2.55% | 加碼 |
| 33 | UBER | Uber Technologies Inc | -0.2% | +0.23% | 加碼 |
| 34 | LNG | Cheniere Energy Inc | -0.2% | -1.18% | 減碼 |
| 35 | ETN | Eaton Corporation plc | -0.2% | -1.65% | 減碼 |
| 36 | NVDA | Nvidia CORP | -0.2% | -3.02% | 減碼 |
| 37 | NFLX | Netflix Inc | -0.3% | +952.06% | 加碼 |
| 38 | GNRC | Generac Holdings Inc | -0.4% | -50.37% | 減碼 |
| 39 | ORCL | Oracle CORP | -0.4% | +0.17% | 加碼 |
| 40 | AVGO | Broadcom Inc | -0.5% | -23.05% | 減碼 |
| 41 | META | Meta Platforms Inc-class A | -0.5% | -17.16% | 減碼 |
| 42 | ABBV | Abbvie Inc | -0.5% | -33.63% | 減碼 |
| 43 | ACWI | Ishares Msci Acwi ETF | — | NEW | 新建倉 |
| 44 | FLIN | Franklin Ftse India ETF | — | EXIT | 清倉 |
| 45 | DY | Dycom Industries Inc | — | NEW | 新建倉 |
| 46 | PNC | Pnc Financial Services Group | — | EXIT | 清倉 |
| 47 | UL | Unilever Plc-sponsored Adr | — | NEW | 新建倉 |
| 48 | UL | Unilever PLC | — | EXIT | 清倉 |
| 49 | PYPL | Paypal Holdings Inc | — | NEW | 新建倉 |
| 50 | RKLB | Rocket Lab CORP | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Altman Advisors, Inc. 在 Q4 2025 季度的美股持倉總市值約為 US$2.8億，共申報了 95 個公開持股部位。
在 Q4 2025 季度，Altman Advisors, Inc. 按市值排列的前三大核心持股分別為：IEUR (6.3%)、NVDA (4.5%)、GOOGL (4.0%)。其中最大持股部位 IEUR 佔據整體投資組合約 6.3% 的權重。
在 Q4 2025 季度中，Altman Advisors, Inc. 共進行了 50 項持倉異動，包含新建倉 5 個部位、加碼 15 個部位、減碼 27 個部位以及清倉 3 個部位。 其中最大新建倉標的為 ACWI。 本季清倉部位包含 FLIN。
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。