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: 0001381296
申報總市值
US$16.5億
US$16.5億
201 檔
23.1%
Aureus Asset Management, LLC 在 Q4 2025 季度的美股部位總計估值為 US$16.5億，分散於 201 個持倉標的之中，反映其市場參與廣度與投資規模。
在 Q4 2025 期間，Aureus Asset Management, LLC 展現了靈活的資產再平衡步調，透過出清 17 檔弱勢或達到目標價部位，將資金轉置於 19 檔新建倉標的之中。
在資產配置集中度方面，Aureus Asset Management, LLC 的前 5 大核心持股（包含 MSFT, GOOGL, AAPL 等）合計佔整體申報市值的 23.1%，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
WCC
市值: US$591.6萬
本季最大獲利了結 / 清倉標的
CMCSA
前期市值: US$445.8萬
僅顯示前 200 大持股（共 201 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 | MSFT | Microsoft CORP | 股票-科技 | 6.14% | -0.73% | -0.57% | |
| 2 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 5.96% | +0.61% | -1.34% | |
| 3 | AAPL | Apple Inc | 股票-科技 | 4.19% | +0.21% | -0.06% | |
| 4 | AMZN | Amazon.com Inc | 股票-循環性消費 | 4.00% | +0.17% | +3.04% | |
| 5 | SCHW | Schwab (charles) CORP | 股票-金融 | 3.92% | -0.42% | -0.96% | |
| 6 | V | Visa Inc-class A Shares | 股票-金融 | 3.91% | +0.10% | -1.39% | |
| 7 | AVGO | Broadcom Inc | 股票-科技 | 3.35% | +0.37% | -28.47% | |
| 8 | AXP | American Express Co | 股票-金融 | 3.26% | +0.04% | -0.98% | |
| 9 | NEE | Nextera Energy Inc | 股票-公用事業 | 3.04% | -0.53% | +1.97% | |
| 10 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 3.04% | -0.27% | -0.95% | |
| 11 | WCN | Waste Connections Inc | 股票-工業 | 3.03% | -0.10% | +17.03% | |
| 12 | AMAT | Applied Materials Inc | 股票-科技 | 2.92% | +0.73% | +0.63% | |
| 13 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 2.84% | -0.21% | -0.32% | |
| 14 | NVDA | Nvidia CORP | 股票-科技 | 2.83% | +0.18% | +850.46% | |
| 15 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 2.73% | +0.96% | +0.14% | |
| 16 | BX | Blackstone Inc | 股票-金融 | 2.46% | -0.19% | +5.16% | |
| 17 | SPGI | S&p Global Inc | 股票-金融 | 2.40% | -0.42% | +5.77% | |
| 18 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 2.33% | +0.51% | +1.98% | |
| 19 | WAB | Wabtec CORP | 股票-工業 | 2.26% | -0.98% | -0.84% | |
| 20 | ABT | Abbott Laboratories | 股票-醫療保健 | 2.12% | -0.54% | +1.07% | |
| 21 | INTU | Intuit Inc | 股票-科技 | 2.12% | — | +2.60% | |
| 22 | APO | Apollo Global Management Inc | 股票-金融 | 1.73% | +0.22% | +7.93% | |
| 23 | CNX | Cnx Resources CORP | 股票-能源 | 1.64% | -0.37% | +2.29% | |
| 24 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.62% | +0.11% | +1.03% | |
| 25 | LIN | Linde plc | 股票-原物料 | 1.48% | -0.19% | +7526.12% | |
| 26 | CSGP | Costar Group Inc | 股票-房地產 | 1.44% | — | -0.58% | |
| 27 | HQY | Healthequity Inc | 股票-醫療保健 | 1.28% | -0.01% | -24.70% | |
| 28 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 1.24% | -0.03% | -44.38% | |
| 29 | PAYC | Paycom Software Inc | 股票-科技 | 1.19% | — | -22.43% | |
| 30 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 1.08% | -0.03% | +3.42% | |
| 31 | ORCL | Oracle CORP | 股票-科技 | 1.01% | -0.08% | -46.88% | |
| 32 | MOG-A | Moog Inc-class A | 股票-其他 | 0.67% | +0.30% | +3.35% | |
| 33 | MS | Morgan Stanley | 股票-金融 | 0.64% | +0.13% | +0.27% | |
| 34 | WMB | Williams Cos Inc | 股票-能源 | 0.53% | -0.02% | +0.63% | |
| 35 | STE | STERIS plc | 股票-醫療保健 | 0.51% | -0.01% | +0.20% | |
| 36 | QXO | Qxo Inc | 股票-工業 | 0.50% | -0.10% | — | |
| 37 | MAR | Marriott International -cl A | 股票-循環性消費 | 0.47% | -0.31% | EXIT | |
| 38 | TXN | Texas Instruments Inc | 股票-科技 | 0.45% | +0.79% | +16.76% | |
| 39 | GLPI | Gaming And Leisure Propertie | 股票-房地產 | 0.41% | -0.03% | +1.84% | |
| 40 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.40% | +0.01% | +0.31% | |
| 41 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 0.39% | — | -0.29% | |
| 42 | DE | Deere & Co | 股票-工業 | 0.38% | — | -0.06% | |
| 43 | WCC | Wesco International Inc | 股票-工業 | 0.38% | +0.08% | — | |
| 44 | IWD | Ishares Russell 1000 Value E | ETF-其他 | 0.37% | -0.01% | — | |
| 45 | CME | Cme Group Inc | 股票-金融 | 0.36% | -0.12% | -0.22% | |
| 46 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.36% | +0.02% | +0.31% | |
| 47 | SHW | Sherwin-williams Co/the | 股票-原物料 | 0.31% | -0.11% | -0.17% | |
| 48 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 0.30% | +0.03% | +0.09% | |
| 49 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.29% | -0.06% | -0.58% | |
| 50 | ROP | Roper Technologies Inc | 股票-科技 | 0.28% | — | -80.12% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +2.5% | +850.46% | 加碼 |
| 2 | LIN | Linde plc | +1.5% | +7526.12% | 加碼 |
| 3 | GOOGL | Alphabet Inc-cl A | +1.2% | -1.34% | 減碼 |
| 4 | AMAT | Applied Materials Inc | +0.6% | +0.63% | 加碼 |
| 5 | TMO | Thermo Fisher Scientific Inc | +0.4% | -0.32% | 減碼 |
| 6 | WCN | Waste Connections Inc | +0.4% | +17.03% | 加碼 |
| 7 | GOOG | Alphabet Inc-cl C | +0.4% | +1.03% | 加碼 |
| 8 | AXP | American Express Co | +0.2% | -0.98% | 減碼 |
| 9 | SPGI | S&p Global Inc | +0.2% | +5.77% | 加碼 |
| 10 | AMZN | Amazon.com Inc | +0.2% | +3.04% | 加碼 |
| 11 | APO | Apollo Global Management Inc | +0.2% | +7.93% | 加碼 |
| 12 | BA | Boeing Co/the | +0.2% | +1059.73% | 加碼 |
| 13 | CNX | Cnx Resources CORP | +0.2% | +2.29% | 加碼 |
| 14 | TSM | Taiwan Semiconductor-sp Adr | +0.2% | +1.98% | 加碼 |
| 15 | AAPL | Apple Inc | +0.2% | -0.06% | 減碼 |
| 16 | NEE | Nextera Energy Inc | +0.2% | +1.97% | 加碼 |
| 17 | VRTX | Vertex Pharmaceuticals Inc | +0.1% | +237.84% | 加碼 |
| 18 | MOG-A | Moog Inc-class A | +0.1% | +3.35% | 加碼 |
| 19 | WAB | Wabtec CORP | +0.1% | -0.84% | 減碼 |
| 20 | MAR | Marriott International -cl A | +0.1% | +0.43% | 加碼 |
| 21 | EMBJ | Embraer Sa-spon Adr | +0.1% | +172.22% | 加碼 |
| 22 | LLY | Eli Lilly & Co | +0.1% | -2.64% | 減碼 |
| 23 | COHR | Coherent CORP | +0.1% | -1.72% | 減碼 |
| 24 | SCHW | Schwab (charles) CORP | +0.1% | -0.96% | 減碼 |
| 25 | MS | Morgan Stanley | +0.1% | +0.27% | 加碼 |
| 26 | IVV | Ishares Core S&p 500 ETF | 0% | +3.42% | 加碼 |
| 27 | JNJ | Johnson & Johnson | 0% | +8.41% | 加碼 |
| 28 | MU | Micron Technology Inc | 0% | — | 不變 |
| 29 | IWF | Ishares Russell 1000 Growth | 0% | +146.62% | 加碼 |
| 30 | TXN | Texas Instruments Inc | 0% | +16.76% | 加碼 |
| 31 | VIG | Vanguard Dividend Apprec ETF | 0% | +54.17% | 加碼 |
| 32 | EVEX | Eve Holding Inc | 0% | +517.95% | 加碼 |
| 33 | CAT | Caterpillar Inc | 0% | — | 不變 |
| 34 | MRK | Merck & Co. Inc. | 0% | +13.76% | 加碼 |
| 35 | RTX | Rtx CORP | 0% | +1.29% | 加碼 |
| 36 | CSCO | Cisco Systems Inc | 0% | +6.27% | 加碼 |
| 37 | KO | Coca-cola Co/the | 0% | +0.31% | 加碼 |
| 38 | GD | General Dynamics CORP | 0% | +49.08% | 加碼 |
| 39 | AMGN | Amgen Inc | 0% | +0.32% | 加碼 |
| 40 | DHR | Danaher CORP | 0% | -6.44% | 減碼 |
| 41 | VRT | Vertiv Holdings Co-a | 0% | +37.41% | 加碼 |
| 42 | BMY | Bristol-myers Squibb Co | 0% | — | 不變 |
| 43 | EEM | Ishares Msci Emerging Market | 0% | +6.10% | 加碼 |
| 44 | CVX | Chevron CORP | 0% | +17.12% | 加碼 |
| 45 | VEA | Vanguard Ftse Developed ETF | 0% | +1.32% | 加碼 |
| 46 | ASX | Ase Technology Holding -adr | 0% | +34.64% | 加碼 |
| 47 | GS | Goldman Sachs Group Inc | 0% | +28.57% | 加碼 |
| 48 | NVS | Novartis Ag-sponsored Adr | 0% | +13.09% | 加碼 |
| 49 | XPO | Xpo Inc | 0% | — | 不變 |
| 50 | ASML | ASML Holding N.V. | 0% | +5.48% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Aureus Asset Management, LLC 在 Q4 2025 季度的美股持倉總市值約為 US$16.5億，共申報了 201 個公開持股部位。
在 Q4 2025 季度，Aureus Asset Management, LLC 按市值排列的前三大核心持股分別為：MSFT (6.1%)、GOOGL (6.0%)、AAPL (4.2%)。其中最大持股部位 MSFT 佔據整體投資組合約 6.1% 的權重。
在 Q4 2025 季度中，Aureus Asset Management, LLC 共進行了 155 項持倉異動，包含新建倉 19 個部位、加碼 64 個部位、減碼 55 個部位以及清倉 17 個部位。 其中最大新建倉標的為 WCC。 本季清倉部位包含 CMCSA。
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。