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: 0001921093
申報總市值
US$1.7億
US$1.7億
155 檔
39.9%
截至 Q4 2025 季度末，Athena Investment Management 的美股持倉估值約為 US$1.7億，全數申報部位共有 155 檔。
Q4 2025 的申報記錄反映 Athena Investment Management 的板塊替換策略：機構本季推動了 21 筆增持與 21 筆減持，籌碼呈現明顯的結構重組。
檢視投資組合結構，前 5 大主力部位（包含 SCHX, SCHF, SCHA）占據了總市值的 39.9%，展現出該機構在 Q4 2025 的重點資金聚焦與風險分佈特徵。
| # | 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 | SCHX | Schwab US Large-cap ETF | ETF-其他 | 18.02% | -0.28% | -0.12% | |
| 2 | SCHF | Schwab Intl Equity ETF | ETF-其他 | 4.61% | -0.02% | +0.16% | |
| 3 | SCHA | Schwab US Small-cap ETF | ETF-其他 | 4.37% | +0.84% | -0.88% | |
| 4 | JPM | Jpmorgan Chase & Co | 股票-金融 | 4.01% | -0.02% | -0.77% | |
| 5 | MSFT | Microsoft CORP | 股票-科技 | 3.46% | -0.49% | +0.23% | |
| 6 | AAPL | Apple Inc | 股票-科技 | 2.37% | -0.41% | -2.94% | |
| 7 | SCHG | Schwab US Large-cap Growth | ETF-其他 | 2.14% | +0.44% | +0.12% | |
| 8 | ✓ | UnitedHealth Group Inc. | 股票-其他 | 2.09% | +0.73% | — | |
| 9 | RTX | Rtx CORP | 股票-工業 | 1.44% | -0.08% | -0.02% | |
| 10 | ABBV | Abbvie Inc | 股票-醫療保健 | 1.33% | +0.07% | -0.08% | |
| 11 | AEP | American Electric Power Company, Inc. | 股票-公用事業 | 1.32% | +0.13% | -0.65% | |
| 12 | SCHM | Schwab US Mid Cap ETF | ETF-其他 | 1.28% | +0.12% | +0.06% | |
| 13 | VV | Vanguard Large-cap ETF | ETF-其他 | 1.22% | +0.17% | +15.02% | |
| 14 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 1.21% | +0.24% | — | |
| 15 | PEP | Pepsico Inc | 股票-非循環性消費 | 1.20% | -0.19% | — | |
| 16 | AVGO | Broadcom Inc | 股票-科技 | 1.13% | +0.42% | +2.17% | |
| 17 | HD | Home Depot Inc | 股票-循環性消費 | 1.11% | +0.11% | — | |
| 18 | EFA | Ishares Msci Eafe ETF | ETF-其他 | 1.03% | -0.04% | — | |
| 19 | AFL | Aflac Inc | 股票-金融 | 1.00% | +0.04% | -0.48% | |
| 20 | IBM | Intl Business Machines CORP | 股票-科技 | 0.98% | +0.12% | -0.23% | |
| 21 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.89% | -0.25% | -0.28% | |
| 22 | VUG | Vanguard Growth ETF | ETF-其他 | 0.89% | +0.33% | +2.35% | |
| 23 | INTC | Intel CORP | 股票-科技 | 0.85% | +1.56% | -3.09% | |
| 24 | CVX | Chevron CORP | 股票-能源 | 0.83% | -0.26% | -0.11% | |
| 25 | ✓ | Bank of America Corp | 股票-其他 | 0.83% | +0.11% | — | |
| 26 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 0.81% | +0.19% | -0.13% | |
| 27 | NOC | Northrop Grumman CORP | 股票-工業 | 0.79% | -0.14% | — | |
| 28 | SCHE | Schwab Emrg Mrkts Eqty ETF | ETF-其他 | 0.78% | +0.06% | +0.95% | |
| 29 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 0.77% | +0.05% | +0.63% | |
| 30 | XOM | Exxon Mobil CORP | 股票-能源 | 0.75% | -1.07% | EXIT | |
| 31 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.71% | -0.02% | -1.91% | |
| 32 | VDE | Vanguard Energy ETF | ETF-其他 | 0.69% | -0.20% | +4.10% | |
| 33 | ABT | Abbott Laboratories | 股票-醫療保健 | 0.67% | -0.12% | — | |
| 34 | PFE | Pfizer Inc | 股票-醫療保健 | 0.67% | -0.17% | — | |
| 35 | XLK | Ss Technology Select Sector | ETF-科技型 | 0.67% | +0.46% | +100.00% | |
| 36 | CSCO | Cisco Systems Inc | 股票-科技 | 0.66% | +0.21% | -0.24% | |
| 37 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.66% | -0.23% | -3.74% | |
| 38 | AMGN | Amgen Inc | 股票-醫療保健 | 0.65% | -0.23% | +0.23% | |
| 39 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.62% | -0.26% | — | |
| 40 | VEA | Vanguard Ftse Developed ETF | ETF-其他 | 0.60% | +0.32% | +35.69% | |
| 41 | SCHV | Schwab US Large-cap Value | ETF-其他 | 0.58% | +0.18% | — | |
| 42 | ✓ | At&t CORP | 股票-其他 | 0.58% | -0.23% | -0.26% | |
| 43 | VZ | Verizon Communications Inc | 股票-通訊服務 | 0.56% | -0.16% | — | |
| 44 | HPE | Hewlett Packard Enterprise | 股票-科技 | 0.53% | +0.26% | — | |
| 45 | NSC | Norfolk Southern CORP | 股票-工業 | 0.52% | +0.08% | — | |
| 46 | KMB | Kimberly-clark CORP | 股票-非循環性消費 | 0.52% | -0.06% | — | |
| 47 | QCOM | Qualcomm Inc | 股票-科技 | 0.49% | — | +0.97% | |
| 48 | HPQ | Hp Inc | 股票-科技 | 0.48% | -0.02% | — | |
| 49 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.47% | +0.03% | +1.50% | |
| 50 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 0.47% | -0.45% | EXIT |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | LLY | Eli Lilly & Co | +0.2% | -1.91% | 減碼 |
| 2 | VEA | Vanguard Ftse Developed ETF | +0.2% | +35.69% | 加碼 |
| 3 | VV | Vanguard Large-cap ETF | +0.2% | +15.02% | 加碼 |
| 4 | GOOGL | Alphabet Inc-cl A | +0.2% | +0.63% | 加碼 |
| 5 | RTX | Rtx CORP | +0.1% | -0.02% | 減碼 |
| 6 | VWO | Vanguard Ftse Emerging Marke | +0.1% | +76.17% | 加碼 |
| 7 | MRK | Merck & Co. Inc. | +0.1% | +1.50% | 加碼 |
| 8 | VTRS | Viatris Inc | +0.1% | +3.89% | 加碼 |
| 9 | VXUS | Vanguard Total Intl Stock | +0.1% | +35.82% | 加碼 |
| 10 | SCHF | Schwab Intl Equity ETF | +0.1% | +0.16% | 加碼 |
| 11 | AMGN | Amgen Inc | +0.1% | +0.23% | 加碼 |
| 12 | SCHX | Schwab US Large-cap ETF | +0.1% | -0.12% | 減碼 |
| 13 | JNJ | Johnson & Johnson | +0.1% | -0.28% | 減碼 |
| 14 | AMAT | Applied Materials Inc | +0.1% | -2.51% | 減碼 |
| 15 | BMY | Bristol-myers Squibb Co | +0.1% | +1.34% | 加碼 |
| 16 | AVGO | Broadcom Inc | +0.1% | +2.17% | 加碼 |
| 17 | CSCO | Cisco Systems Inc | +0.1% | -0.24% | 減碼 |
| 18 | CAT | Caterpillar Inc | +0.1% | -1.54% | 減碼 |
| 19 | VB | Vanguard Small-cap ETF | +0.1% | +17.19% | 加碼 |
| 20 | GOOG | Alphabet Inc-cl C | +0.1% | -3.43% | 減碼 |
| 21 | WFC | Wells Fargo & Co | +0.1% | +1.99% | 加碼 |
| 22 | AAPL | Apple Inc | 0% | -2.94% | 減碼 |
| 23 | INTC | Intel CORP | 0% | -3.09% | 減碼 |
| 24 | ✓ | Bank of America Corp | 0% | — | 不變 |
| 25 | WTM | White Mountains Insurance Group, Ltd. | 0% | — | 不變 |
| 26 | APH | Amphenol Corp-cl A | 0% | +3.29% | 加碼 |
| 27 | SCHG | Schwab US Large-cap Growth | 0% | +0.12% | 加碼 |
| 28 | JPM | Jpmorgan Chase & Co | 0% | -0.77% | 減碼 |
| 29 | SCHA | Schwab US Small-cap ETF | 0% | -0.88% | 減碼 |
| 30 | TJX | Tjx Companies Inc | -0.1% | -26.74% | 減碼 |
| 31 | ETN | Eaton Corporation plc | -0.1% | -19.49% | 減碼 |
| 32 | NOC | Northrop Grumman CORP | -0.1% | — | 不變 |
| 33 | MPC | Marathon Petroleum CORP | -0.1% | -3.13% | 減碼 |
| 34 | ✓ | At&t CORP | -0.1% | -0.26% | 減碼 |
| 35 | ORCL | Oracle CORP | -0.1% | — | 不變 |
| 36 | HPQ | Hp Inc | -0.1% | — | 不變 |
| 37 | KMB | Kimberly-clark CORP | -0.1% | — | 不變 |
| 38 | ✓ | UnitedHealth Group Inc. | -0.1% | — | 不變 |
| 39 | HD | Home Depot Inc | -0.2% | — | 不變 |
| 40 | MSFT | Microsoft CORP | -0.3% | +0.23% | 加碼 |
| 41 | KEL | Kellanova | — | EXIT | 清倉 |
| 42 | ACN | Accenture plc | — | NEW | 新建倉 |
| 43 | WBD | Warner Bros Discovery Inc | — | NEW | 新建倉 |
| 44 | 6D8 | Dupont De Nemours Inc | — | EXIT | 清倉 |
| 45 | VLO | Valero Energy CORP | — | EXIT | 清倉 |
| 46 | GILD | Gilead Sciences Inc | — | NEW | 新建倉 |
| 47 | IFF | Intl Flavors & Fragrances | — | NEW | 新建倉 |
| 48 | XYL | Xylem Inc | — | EXIT | 清倉 |
| 49 | VIG | Vanguard Dividend Apprec ETF | — | NEW | 新建倉 |
| 50 | HN9 | Hanesbrands Inc | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Athena Investment Management 在 Q4 2025 季度的美股持倉總市值約為 US$1.7億，共申報了 155 個公開持股部位。
在 Q4 2025 季度，Athena Investment Management 按市值排列的前三大核心持股分別為：SCHX (18.0%)、SCHF (4.6%)、SCHA (4.4%)。其中最大持股部位 SCHX 佔據整體投資組合約 18.0% 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
ACN
市值: US$30.7萬
本季最大獲利了結 / 清倉標的
KEL
前期市值: US$40.9萬
在 Q4 2025 季度中，Athena Investment Management 共進行了 42 項持倉異動，包含新建倉 5 個部位、加碼 16 個部位、減碼 16 個部位以及清倉 5 個部位。 其中最大新建倉標的為 ACN。 本季清倉部位包含 KEL。
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。