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: 0001542287
申報總市值
US$61.1億
US$61.1億
357 檔
18.9%
截至 Q4 2025 季度末，Annex Advisory Services, LLC 的美股持倉估值約為 US$61.1億，全數申報部位共有 357 檔。
觀察 Q4 2025 的申報異動，Annex Advisory Services, LLC 採取了強勁的買進策略，建倉與加碼動作（合計 134 筆）涵蓋多個核心板塊，展現機構對特定產業前景之樂觀態度。
檢視投資組合結構，前 5 大主力部位（包含 UBND, AVUS, SMTH）占據了總市值的 18.9%，展現出該機構在 Q4 2025 的重點資金聚焦與風險分佈特徵。
僅顯示前 200 大持股（共 357 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 | UBND | Victoryshares Core Plus Bond | ETF-其他 | 7.13% | -2.29% | +2.98% | |
| 2 | AVUS | Avantis U.s. Equity ETF | ETF-其他 | 5.26% | +0.11% | -5.93% | |
| 3 | SMTH | Alps Smth Cor Bd Plus ETF | ETF-其他 | 3.47% | -0.84% | +27.87% | |
| 4 | AVEM | Avantis Emerging Markets Eq | ETF-新興市場 | 3.10% | +0.03% | -3.67% | |
| 5 | IOO | Ishares Global 100 ETF | ETF-其他 | 3.09% | -0.03% | -4.88% | |
| 6 | AVDE | Avantis International Equity | ETF-其他 | 2.97% | -1.34% | -11.45% | |
| 7 | DFAU | Dimensional US Core Equity M | ETF-其他 | 2.56% | +0.24% | — | |
| 8 | NVDA | Nvidia CORP | 股票-科技 | 2.56% | +0.26% | +13.10% | |
| 9 | AAPL | Apple Inc | 股票-科技 | 2.42% | +0.73% | +11.85% | |
| 10 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.03% | -0.04% | +6.92% | |
| 11 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.80% | +0.21% | +4.41% | |
| 12 | MFSI | Mfs Active International | ETF-其他 | 1.75% | -0.01% | +7.59% | |
| 13 | OSEA | Harbor Intl Compounders ETF | ETF-其他 | 1.69% | -0.01% | +8.40% | |
| 14 | DFIC | Dimensional International Co | ETF-其他 | 1.66% | +0.14% | +0.71% | |
| 15 | MBB | Ishares Mbs ETF | ETF-其他 | 1.64% | — | EXIT | |
| 16 | TKO | Tko Group Holdings Inc | 股票-通訊服務 | 1.59% | -1.37% | -0.10% | |
| 17 | BAB | Invesco Taxable Municipal Bo | ETF-其他 | 1.59% | -1.51% | — | |
| 18 | MSFT | Microsoft CORP | 股票-科技 | 1.51% | +0.54% | +34.38% | |
| 19 | V | Visa Inc-class A Shares | 股票-金融 | 1.50% | -0.03% | +4.78% | |
| 20 | GSY | Invesco Ultra Short Duration | ETF-其他 | 1.49% | -0.04% | — | |
| 21 | AVGO | Broadcom Inc | 股票-科技 | 1.45% | -0.18% | +4.93% | |
| 22 | GFLW | Vs Free Cash Flow Growth ETF | ETF-其他 | 1.44% | -0.01% | -44.84% | |
| 23 | DYNF | Ishrs US E F R A Etf-usd Inc | ETF-其他 | 1.42% | -0.01% | +15.72% | |
| 24 | ASML | ASML Holding N.V. | 股票-科技 | 1.34% | -0.10% | +5.50% | |
| 25 | ZROZ | Pimco 25+ Yr Zero Cpn US Tif | ETF-其他 | 1.16% | +1.15% | +27.71% | |
| 26 | GRIN | Victoryshares Intl Fr Csh Fl | ETF-其他 | 1.15% | -0.01% | -4.40% | |
| 27 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.14% | +0.18% | +283.12% | |
| 28 | MS | Morgan Stanley | 股票-金融 | 1.14% | -0.19% | +3.72% | |
| 29 | GSIE | Goldman Sachs Activebeta Int | ETF-避險與商品 | 1.12% | — | +694.24% | |
| 30 | HOOD | Robinhood Markets Inc - A | 股票-金融 | 1.09% | -0.01% | -1.66% | |
| 31 | VFLO | Victoryshares Free Cash Flow | ETF-其他 | 1.05% | -0.01% | -50.49% | |
| 32 | GSWO | Goldman Sachs Activebeta Wor | ETF-避險與商品 | 1.01% | — | — | |
| 33 | MELI | Mercadolibre Inc | 股票-循環性消費 | 1.00% | — | +23.47% | |
| 34 | MEDP | Medpace Holdings Inc | 股票-醫療保健 | 0.98% | — | -9.83% | |
| 35 | UBER | Uber Technologies Inc | 股票-工業 | 0.97% | -0.63% | +5.32% | |
| 36 | ORCL | Oracle CORP | 股票-科技 | 0.94% | -0.01% | +21.54% | |
| 37 | FCX | Freeport-mcmoran Inc | 股票-原物料 | 0.93% | +0.04% | -0.36% | |
| 38 | EXPE | Expedia Group Inc | 股票-循環性消費 | 0.88% | -0.19% | +28.58% | |
| 39 | AVDV | Avantis Intl S/c Value ETF | ETF-其他 | 0.84% | — | +3.42% | |
| 40 | ZETA | Zeta Global Holdings Corp-a | 股票-科技 | 0.80% | +0.01% | — | |
| 41 | FNV | Franco-nevada CORP | 股票-原物料 | 0.79% | +0.45% | +4.90% | |
| 42 | VTI | Vanguard Total Stock Mkt ETF | ETF-其他 | 0.79% | -0.03% | +0.78% | |
| 43 | ORLY | O'reilly Automotive Inc | 股票-循環性消費 | 0.75% | -0.60% | -27.77% | |
| 44 | RBRK | Rubrik Inc-a | 股票-科技 | 0.71% | — | — | |
| 45 | ISRG | Intuitive Surgical Inc | 股票-醫療保健 | 0.69% | -0.24% | +5.06% | |
| 46 | VCTR | Victory Capital Holding - A | 股票-其他 | 0.69% | — | +5.63% | |
| 47 | ADI | Analog Devices Inc | 股票-科技 | 0.68% | -0.30% | +7678.49% | |
| 48 | SPOT | Spotify Technology S.A. | 股票-通訊服務 | 0.68% | -0.02% | EXIT | |
| 49 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.65% | -0.53% | +2.91% | |
| 50 | WST | West Pharmaceutical Services | 股票-醫療保健 | 0.65% | — | +8.66% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | GSIE | Goldman Sachs Activebeta Int | +1% | +694.24% | 加碼 |
| 2 | GOOGL | Alphabet Inc-cl A | +0.9% | +283.12% | 加碼 |
| 3 | ADI | Analog Devices Inc | +0.7% | +7678.49% | 加碼 |
| 4 | SMTH | Alps Smth Cor Bd Plus ETF | +0.4% | +27.87% | 加碼 |
| 5 | SPYG | Ss Spdr P S&p 500 Growth ETF | +0.4% | +3168.68% | 加碼 |
| 6 | EXPE | Expedia Group Inc | +0.3% | +28.58% | 加碼 |
| 7 | HHH | Howard Hughes Holdings Inc | +0.3% | +1117.45% | 加碼 |
| 8 | GLBE | Global-E Online Ltd. | +0.2% | +64.36% | 加碼 |
| 9 | AAPL | Apple Inc | +0.2% | +11.85% | 加碼 |
| 10 | MSFT | Microsoft CORP | +0.2% | +34.38% | 加碼 |
| 11 | RSP | Invesco S&p 500 Equal Weight | +0.2% | +1223.11% | 加碼 |
| 12 | SCHD | Schwab US Dvd Equity ETF | +0.2% | +3070.80% | 加碼 |
| 13 | FCX | Freeport-mcmoran Inc | +0.1% | -0.36% | 減碼 |
| 14 | UPST | Upstart Holdings Inc | +0.1% | +103.47% | 加碼 |
| 15 | PM | Philip Morris International | +0.1% | +99.47% | 加碼 |
| 16 | ISRG | Intuitive Surgical Inc | +0.1% | +5.06% | 加碼 |
| 17 | DYNF | Ishrs US E F R A Etf-usd Inc | +0.1% | +15.72% | 加碼 |
| 18 | ZROZ | Pimco 25+ Yr Zero Cpn US Tif | +0.1% | +27.71% | 加碼 |
| 19 | QQQ | Invesco Qqq Trust Series 1 | +0.1% | +209.69% | 加碼 |
| 20 | T | At&t Inc | +0.1% | +749.11% | 加碼 |
| 21 | ASML | ASML Holding N.V. | +0.1% | +5.50% | 加碼 |
| 22 | MS | Morgan Stanley | +0.1% | +3.72% | 加碼 |
| 23 | TMO | Thermo Fisher Scientific Inc | +0.1% | +19.69% | 加碼 |
| 24 | IWB | Ishares Russell 1000 ETF | +0.1% | +362.38% | 加碼 |
| 25 | NVDA | Nvidia CORP | 0% | +13.10% | 加碼 |
| 26 | QLTY | Gmo U.s. Quality ETF | 0% | +12.01% | 加碼 |
| 27 | STX | Seagate Technology Holdings plc | 0% | +573.74% | 加碼 |
| 28 | UNH | Unitedhealth Group Inc | 0% | +50.10% | 加碼 |
| 29 | AMAT | Applied Materials Inc | 0% | +36.14% | 加碼 |
| 30 | MO | Altria Group Inc | 0% | +169.69% | 加碼 |
| 31 | MU | Micron Technology Inc | 0% | +1.93% | 加碼 |
| 32 | AMZN | Amazon.com Inc | 0% | +6.92% | 加碼 |
| 33 | WST | West Pharmaceutical Services | 0% | +8.66% | 加碼 |
| 34 | UFPT | Ufp Technologies Inc | 0% | +3.48% | 加碼 |
| 35 | LLY | Eli Lilly & Co | 0% | +1.44% | 加碼 |
| 36 | XOM | Exxon Mobil CORP | 0% | +46.35% | 加碼 |
| 37 | BA | Boeing Co/the | 0% | +364.02% | 加碼 |
| 38 | MNST | Monster Beverage CORP | 0% | +2.42% | 加碼 |
| 39 | TOL | Toll Brothers Inc | 0% | +30.80% | 加碼 |
| 40 | AMGN | Amgen Inc | 0% | +17.55% | 加碼 |
| 41 | QCOM | Qualcomm Inc | 0% | +19.49% | 加碼 |
| 42 | GOOG | Alphabet Inc-cl C | 0% | +7.93% | 加碼 |
| 43 | FIS | Fidelity National Info Serv | 0% | +41.36% | 加碼 |
| 44 | AIZ | Assurant Inc | 0% | +28.74% | 加碼 |
| 45 | UNP | Union Pacific CORP | 0% | +85.62% | 加碼 |
| 46 | USB | US Bancorp | 0% | +23.87% | 加碼 |
| 47 | WMT | Walmart Inc | 0% | +24.94% | 加碼 |
| 48 | CAH | Cardinal Health Inc | 0% | +113.08% | 加碼 |
| 49 | MCD | Mcdonald's CORP | 0% | +29.23% | 加碼 |
| 50 | JOE | St Joe Co/the | 0% | -2.23% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Annex Advisory Services, LLC 在 Q4 2025 季度的美股持倉總市值約為 US$61.1億，共申報了 357 個公開持股部位。
在 Q4 2025 季度，Annex Advisory Services, LLC 按市值排列的前三大核心持股分別為：UBND (7.1%)、AVUS (5.3%)、SMTH (3.5%)。其中最大持股部位 UBND 佔據整體投資組合約 7.1% 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
DFAU
市值: US$1.3億
本季最大獲利了結 / 清倉標的
XHB
前期市值: US$4530.9萬
在 Q4 2025 季度中，Annex Advisory Services, LLC 共進行了 200 項持倉異動，包含新建倉 48 個部位、加碼 86 個部位、減碼 53 個部位以及清倉 13 個部位。 其中最大新建倉標的為 DFAU。 本季清倉部位包含 XHB。
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。