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: 0000842180
申報總市值
US$160.6億
US$160.6億
727 檔
25.6%
根據最新整理的 13F 季度數據集，Banco Bilbao Vizcaya Argentaria, S.a. 於 Q3 2025 結束時的管理資產規模為 US$160.6億。該機構在本季度申報了 727 檔美股持倉，呈現出該時期的主要投資地圖。
Banco Bilbao Vizcaya Argentaria, S.a. 在 Q3 2025 進行了結構性的板塊輪動與部位換股。在開立 7 個全新部位及加碼 97 檔持股的同時，亦同步清倉 11 檔並減碼 84 檔標的。
檢視投資組合結構，前 5 大主力部位（包含 SPY, AAPL, NVDA）占據了總市值的 25.6%，展現出該機構在 Q3 2025 的重點資金聚焦與風險分佈特徵。
僅顯示前 200 大持股（共 727 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 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 14.72% | -2.90% | +65.37% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 4.83% | +0.23% | +15.98% | |
| 3 | NVDA | Nvidia CORP | 股票-科技 | 4.67% | -1.11% | +1.60% | |
| 4 | MSFT | Microsoft CORP | 股票-科技 | 4.62% | -0.23% | +5.57% | |
| 5 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 2.62% | +0.38% | -6.43% | |
| 6 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.60% | -0.50% | +8.39% | |
| 7 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.23% | +0.25% | +12.77% | |
| 8 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 1.76% | +1.63% | +185.24% | |
| 9 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.76% | +0.10% | +1.31% | |
| 10 | AVGO | Broadcom Inc | 股票-科技 | 1.66% | +0.06% | +1.91% | |
| 11 | BIL | Ss Spdr Bb 1-3m T-bill ETF | ETF-政府公債 | 1.64% | -0.20% | +13.36% | |
| 12 | GLD | Spdr Gold Shares | ETF-避險與商品 | 1.07% | -1.11% | +5.00% | |
| 13 | SHV | Ishares 0-1 Year Treasury Bo | ETF-政府公債 | 1.05% | -0.11% | -19.40% | |
| 14 | VCSH | Vanguard S/t CORP Bond ETF | ETF-投資等級公司債 | 0.98% | -0.25% | +16.05% | |
| 15 | V | Visa Inc-class A Shares | 股票-金融 | 0.90% | -0.03% | +3.34% | |
| 16 | XLK | Ss Technology Select Sector | ETF-科技型 | 0.82% | +0.08% | -36.12% | |
| 17 | MA | Mastercard Inc - A | 股票-金融 | 0.76% | -0.06% | -0.19% | |
| 18 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 0.74% | +0.07% | +1248.25% | |
| 19 | DIS | Walt Disney Co/the | 股票-通訊服務 | 0.71% | -0.03% | +65.70% | |
| 20 | COIN | Coinbase Global Inc -class A | 股票-金融 | 0.71% | -0.16% | -34.89% | |
| 21 | TSLA | Tesla Inc | 股票-循環性消費 | 0.71% | -0.17% | -31.44% | |
| 22 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.68% | -0.50% | +7.29% | |
| 23 | EEM | Ishares Msci Emerging Market | ETF-新興市場 | 0.65% | +0.08% | -65.74% | |
| 24 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.64% | -0.19% | +6.69% | |
| 25 | WMT | Walmart Inc | 股票-非循環性消費 | 0.63% | -0.09% | +7.88% | |
| 26 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.63% | -0.01% | -5.86% | |
| 27 | ORCL | Oracle CORP | 股票-科技 | 0.63% | -0.04% | +1.66% | |
| 28 | XLC | Ss Comm Select Sector Spdr | ETF-其他 | 0.61% | +0.01% | -22.39% | |
| 29 | XLF | Ss Financial Select Sector | ETF-其他 | 0.53% | +0.68% | -66.86% | |
| 30 | ACWI | Ishares Msci Acwi ETF | ETF-其他 | 0.53% | +0.01% | +19.36% | |
| 31 | EWY | Ishares Msci South Korea ETF | ETF-其他 | 0.50% | +0.02% | +79.72% | |
| 32 | IBM | Intl Business Machines CORP | 股票-科技 | 0.50% | -0.18% | +5.19% | |
| 33 | WFC | Wells Fargo & Co | 股票-金融 | 0.49% | -0.25% | -2.00% | |
| 34 | GILD | Gilead Sciences Inc | 股票-醫療保健 | 0.49% | -0.07% | +1.51% | |
| 35 | CSCO | Cisco Systems Inc | 股票-科技 | 0.49% | +0.15% | +6.65% | |
| 36 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.46% | -0.04% | +46.68% | |
| 37 | CRM | Salesforce Inc | 股票-科技 | 0.45% | +0.01% | -40.22% | |
| 38 | NOW | Servicenow Inc | 股票-科技 | 0.45% | -0.08% | +25.42% | |
| 39 | EWZ | Ishares Msci Brazil ETF | ETF-其他 | 0.44% | -0.41% | +20.73% | |
| 40 | BAC | Bank Of America CORP | 股票-金融 | 0.43% | -0.01% | +26.97% | |
| 41 | APP | Applovin Corp-class A | 股票-科技 | 0.43% | +0.03% | +56.12% | |
| 42 | AMD | Advanced Micro Devices | 股票-科技 | 0.42% | +1.03% | +50.20% | |
| 43 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.42% | +0.04% | +74.38% | |
| 44 | ADBE | Adobe Inc | 股票-科技 | 0.41% | -0.04% | +8.68% | |
| 45 | BABA | Alibaba Group Holding-sp Adr | 股票-循環性消費 | 0.40% | -0.01% | -32.48% | |
| 46 | QCOM | Qualcomm Inc | 股票-科技 | 0.38% | +0.09% | +8.47% | |
| 47 | NFLX | Netflix Inc | 股票-通訊服務 | 0.38% | -0.26% | +61.91% | |
| 48 | NEE | Nextera Energy Inc | 股票-公用事業 | 0.38% | +0.02% | +14.21% | |
| 49 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 0.38% | -0.01% | +1.75% | |
| 50 | INTU | Intuit Inc | 股票-科技 | 0.36% | -0.17% | +10.04% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | SPY | Ss Spdr S&p 500 ETF Trust-us | +7.9% | +65.37% | 加碼 |
| 2 | NVDA | Nvidia CORP | +0.8% | +1.60% | 減碼 |
| 3 | XLK | Ss Technology Select Sector | +0.7% | -36.12% | 加碼 |
| 4 | IWM | Ishares Russell 2000 ETF | +0.7% | +1248.25% | 加碼 |
| 5 | AAPL | Apple Inc | +0.5% | +15.98% | 加碼 |
| 6 | IVV | Ishares Core S&p 500 ETF | +0.5% | +185.24% | 加碼 |
| 7 | EWY | Ishares Msci South Korea ETF | +0.5% | +79.72% | 加碼 |
| 8 | AVGO | Broadcom Inc | +0.4% | +1.91% | 減碼 |
| 9 | PLTR | Palantir Technologies Inc-a | +0.3% | +7.29% | 加碼 |
| 10 | APP | Applovin Corp-class A | +0.3% | +56.12% | 加碼 |
| 11 | NOW | Servicenow Inc | +0.3% | +25.42% | 加碼 |
| 12 | ORCL | Oracle CORP | +0.2% | +1.66% | 加碼 |
| 13 | LRCX | Lam Research CORP | +0.2% | +84.59% | 加碼 |
| 14 | EWC | Ishares Msci Canada ETF | +0.2% | +870.98% | 加碼 |
| 15 | EWT | Ishares Msci Taiwan ETF | +0.2% | -1.86% | 加碼 |
| 16 | GOOGL | Alphabet Inc-cl A | +0.2% | -6.43% | 減碼 |
| 17 | CSCO | Cisco Systems Inc | +0.2% | +6.65% | 加碼 |
| 18 | DIS | Walt Disney Co/the | +0.2% | +65.70% | 加碼 |
| 19 | VT | Vanguard Tot World Stk ETF | +0.2% | +12.75% | 加碼 |
| 20 | HOOD | Robinhood Markets Inc - A | +0.2% | +862.74% | 加碼 |
| 21 | SCHW | Schwab (charles) CORP | +0.2% | +214.15% | 加碼 |
| 22 | NEM | Newmont CORP | +0.2% | +112.29% | 加碼 |
| 23 | LLY | Eli Lilly & Co | +0.1% | +74.38% | 加碼 |
| 24 | MELI | Mercadolibre Inc | +0.1% | +122.99% | 加碼 |
| 25 | NFLX | Netflix Inc | +0.1% | +61.91% | 加碼 |
| 26 | COF | Capital One Financial CORP | +0.1% | +2.64% | 加碼 |
| 27 | MSFT | Microsoft CORP | +0.1% | +5.57% | 減碼 |
| 28 | GLD | Spdr Gold Shares | +0.1% | +5.00% | 加碼 |
| 29 | TSLA | Tesla Inc | +0.1% | -31.44% | 減碼 |
| 30 | EMR | Emerson Electric Co | +0.1% | +473.86% | 加碼 |
| 31 | WDAY | Workday Inc-class A | +0.1% | +3.52% | 加碼 |
| 32 | ADSK | Autodesk Inc | +0.1% | +1.29% | 加碼 |
| 33 | CTVA | Corteva Inc | +0.1% | +135.00% | 加碼 |
| 34 | EWZ | Ishares Msci Brazil ETF | +0.1% | +20.73% | 加碼 |
| 35 | GLW | Corning Inc | +0.1% | -0.57% | 減碼 |
| 36 | ANET | Arista Networks Inc | +0.1% | +5.95% | 加碼 |
| 37 | SNPS | Synopsys Inc | +0.1% | +67.57% | 加碼 |
| 38 | CCI | Crown Castle Inc | +0.1% | +10.10% | 加碼 |
| 39 | DIA | Ss Spdr Dow Jones Indus Avg | +0.1% | +16.39% | 加碼 |
| 40 | SNOW | Snowflake Inc | +0.1% | +317.35% | 加碼 |
| 41 | BX | Blackstone Inc | +0.1% | +230.47% | 加碼 |
| 42 | NET | Cloudflare Inc - Class A | +0.1% | +511.05% | 加碼 |
| 43 | NVO | Novo-nordisk A/s-spons Adr | +0.1% | +256.75% | 加碼 |
| 44 | FAST | Fastenal Co | +0.1% | +747.00% | 加碼 |
| 45 | DELL | Dell Technologies -c | +0.1% | +149.38% | 加碼 |
| 46 | WDC | Western Digital CORP | +0.1% | +15.46% | 加碼 |
| 47 | GEV | GE Vernova Inc | +0.1% | +236.07% | 加碼 |
| 48 | DLTR | Dollar Tree Inc | +0.1% | +1.78% | 加碼 |
| 49 | AIG | American International Group | +0.1% | +779.25% | 加碼 |
| 50 | GOOG | Alphabet Inc-cl C | +0.1% | +1.31% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Banco Bilbao Vizcaya Argentaria, S.a. 在 Q3 2025 季度的美股持倉總市值約為 US$160.6億，共申報了 727 個公開持股部位。
在 Q3 2025 季度，Banco Bilbao Vizcaya Argentaria, S.a. 按市值排列的前三大核心持股分別為：SPY (14.7%)、AAPL (4.8%)、NVDA (4.7%)。其中最大持股部位 SPY 佔據整體投資組合約 14.7% 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
XLC
市值: US$7919.0萬
本季最大獲利了結 / 清倉標的
IWN
前期市值: US$1881.3萬
在 Q3 2025 季度中，Banco Bilbao Vizcaya Argentaria, S.a. 共進行了 199 項持倉異動，包含新建倉 7 個部位、加碼 97 個部位、減碼 84 個部位以及清倉 11 個部位。 其中最大新建倉標的為 XLC。 本季清倉部位包含 IWN。
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。