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
724 檔
28.8%
Banco Bilbao Vizcaya Argentaria, S.a. 在 Q4 2025 季度的美股部位總計估值為 US$160.6億，分散於 724 個持倉標的之中，反映其市場參與廣度與投資規模。
觀察 Q4 2025 的資金脈絡，Banco Bilbao Vizcaya Argentaria, S.a. 在獲利結算 6 檔個股的同時，將資本重新部署至 7 檔新選標的，展現主動管理機構的輪動節奏。
從部位權重觀察，前 5 大標的（包含 SPY, NVDA, AAPL）累計市值佔比達 28.8%，是驅動 Banco Bilbao Vizcaya Argentaria, S.a. 該季度整體投資組合績效表現的核心支柱。
僅顯示前 200 大持股（共 724 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 | 15.22% | -2.90% | +9.88% | |
| 2 | NVDA | Nvidia CORP | 股票-科技 | 5.92% | -1.11% | +38.57% | |
| 3 | AAPL | Apple Inc | 股票-科技 | 4.25% | +0.23% | -9.69% | |
| 4 | MSFT | Microsoft CORP | 股票-科技 | 4.03% | -0.23% | +2.38% | |
| 5 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 2.87% | +0.38% | -6.73% | |
| 6 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.20% | -0.50% | +3.18% | |
| 7 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.14% | +0.25% | -0.04% | |
| 8 | AVGO | Broadcom Inc | 股票-科技 | 2.11% | +0.06% | +32.69% | |
| 9 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.97% | +0.10% | -4.73% | |
| 10 | BIL | Ss Spdr Bb 1-3m T-bill ETF | ETF-政府公債 | 1.75% | -0.20% | +16.91% | |
| 11 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 1.14% | +1.63% | -31.31% | |
| 12 | GLD | Spdr Gold Shares | ETF-避險與商品 | 1.12% | -1.11% | +1.51% | |
| 13 | PSNY | Polestar Automotive Holding UK PLC | 股票-其他 | 1.12% | — | — | |
| 14 | VCSH | Vanguard S/t CORP Bond ETF | ETF-投資等級公司債 | 1.10% | -0.25% | +23.90% | |
| 15 | SHV | Ishares 0-1 Year Treasury Bo | ETF-政府公債 | 1.02% | -0.11% | +6.96% | |
| 16 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 0.88% | +0.07% | +28.03% | |
| 17 | TSLA | Tesla Inc | 股票-循環性消費 | 0.79% | -0.17% | +20.46% | |
| 18 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.72% | -0.50% | +20.39% | |
| 19 | XLK | Ss Technology Select Sector | ETF-科技型 | 0.72% | +0.08% | +86.92% | |
| 20 | V | Visa Inc-class A Shares | 股票-金融 | 0.71% | -0.03% | -15.76% | |
| 21 | NFLX | Netflix Inc | 股票-通訊服務 | 0.71% | -0.26% | +2529.17% | |
| 22 | EWP | Ishares Msci Spain ETF | ETF-其他 | 0.70% | -0.09% | EXIT | |
| 23 | ACWI | Ishares Msci Acwi ETF | ETF-其他 | 0.66% | +0.01% | +33.18% | |
| 24 | DIS | Walt Disney Co/the | 股票-通訊服務 | 0.65% | -0.03% | +0.81% | |
| 25 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.61% | -0.19% | +1.47% | |
| 26 | MA | Mastercard Inc - A | 股票-金融 | 0.59% | -0.06% | -15.27% | |
| 27 | XLC | Ss Comm Select Sector Spdr | ETF-其他 | 0.58% | +0.01% | +5.86% | |
| 28 | WMT | Walmart Inc | 股票-非循環性消費 | 0.56% | -0.09% | -10.26% | |
| 29 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.54% | -0.01% | -5.63% | |
| 30 | IBM | Intl Business Machines CORP | 股票-科技 | 0.53% | -0.18% | +11.46% | |
| 31 | SIVR | Abrdn Physical Silver Shares | ETF-避險與商品 | 0.51% | -0.23% | +76.68% | |
| 32 | SLV | Ishares Silver Trust | ETF-避險與商品 | 0.50% | -0.18% | +82.46% | |
| 33 | CSCO | Cisco Systems Inc | 股票-科技 | 0.50% | +0.15% | +0.19% | |
| 34 | EWZ | Ishares Msci Brazil ETF | ETF-其他 | 0.49% | -0.41% | +19.24% | |
| 35 | GILD | Gilead Sciences Inc | 股票-醫療保健 | 0.49% | -0.07% | -0.22% | |
| 36 | COIN | Coinbase Global Inc -class A | 股票-金融 | 0.49% | -0.16% | +11.57% | |
| 37 | WFC | Wells Fargo & Co | 股票-金融 | 0.48% | -0.25% | -3.59% | |
| 38 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.48% | -0.04% | +12.23% | |
| 39 | AMD | Advanced Micro Devices | 股票-科技 | 0.47% | +1.03% | -7.02% | |
| 40 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.47% | +0.04% | -12.82% | |
| 41 | ORCL | Oracle CORP | 股票-科技 | 0.42% | -0.04% | +6.78% | |
| 42 | LRCX | Lam Research CORP | 股票-科技 | 0.42% | +0.47% | +10.75% | |
| 43 | IEI | Ishares 3-7 Year Treasury Bo | ETF-政府公債 | 0.40% | +0.05% | +57.47% | |
| 44 | BABA | Alibaba Group Holding-sp Adr | 股票-循環性消費 | 0.38% | -0.01% | +27.65% | |
| 45 | APP | Applovin Corp-class A | 股票-科技 | 0.37% | +0.03% | +1.31% | |
| 46 | KLAC | Kla CORP | 股票-科技 | 0.37% | +0.42% | +19.75% | |
| 47 | AMGN | Amgen Inc | 股票-醫療保健 | 0.37% | -0.02% | +93.20% | |
| 48 | MU | Micron Technology Inc | 股票-科技 | 0.37% | +1.37% | +5.69% | |
| 49 | VT | Vanguard Tot World Stk ETF | ETF-其他 | 0.37% | -0.03% | +47.85% | |
| 50 | MS | Morgan Stanley | 股票-金融 | 0.36% | — | +81.84% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +1.3% | +38.57% | 加碼 |
| 2 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.5% | +9.88% | 加碼 |
| 3 | AVGO | Broadcom Inc | +0.5% | +32.69% | 加碼 |
| 4 | NFLX | Netflix Inc | +0.3% | +2529.17% | 加碼 |
| 5 | SLV | Ishares Silver Trust | +0.3% | +82.46% | 加碼 |
| 6 | SIVR | Abrdn Physical Silver Shares | +0.3% | +76.68% | 加碼 |
| 7 | GOOGL | Alphabet Inc-cl A | +0.3% | -6.73% | 減碼 |
| 8 | RSP | Invesco S&p 500 Equal Weight | +0.3% | +346.85% | 加碼 |
| 9 | GOOG | Alphabet Inc-cl C | +0.2% | -4.73% | 減碼 |
| 10 | AMGN | Amgen Inc | +0.2% | +93.20% | 加碼 |
| 11 | MS | Morgan Stanley | +0.2% | +81.84% | 加碼 |
| 12 | MU | Micron Technology Inc | +0.2% | +5.69% | 加碼 |
| 13 | IWM | Ishares Russell 2000 ETF | +0.1% | +28.03% | 加碼 |
| 14 | ACWI | Ishares Msci Acwi ETF | +0.1% | +33.18% | 加碼 |
| 15 | MCK | Mckesson CORP | +0.1% | +420.19% | 加碼 |
| 16 | VCSH | Vanguard S/t CORP Bond ETF | +0.1% | +23.90% | 加碼 |
| 17 | IEI | Ishares 3-7 Year Treasury Bo | +0.1% | +57.47% | 加碼 |
| 18 | BIL | Ss Spdr Bb 1-3m T-bill ETF | +0.1% | +16.91% | 加碼 |
| 19 | MELI | Mercadolibre Inc | +0.1% | +105.74% | 加碼 |
| 20 | UPS | United Parcel Service-cl B | +0.1% | +336.19% | 加碼 |
| 21 | VT | Vanguard Tot World Stk ETF | +0.1% | +47.85% | 加碼 |
| 22 | SHOP | Shopify Inc - Class A | +0.1% | +220.62% | 加碼 |
| 23 | CAH | Cardinal Health Inc | +0.1% | +375.91% | 加碼 |
| 24 | TSLA | Tesla Inc | +0.1% | +20.46% | 加碼 |
| 25 | LRCX | Lam Research CORP | +0.1% | +10.75% | 加碼 |
| 26 | KVUE | Kenvue Inc | +0.1% | +325.88% | 加碼 |
| 27 | ROK | Rockwell Automation Inc | +0.1% | +937.97% | 加碼 |
| 28 | KLAC | Kla CORP | +0.1% | +19.75% | 加碼 |
| 29 | STZ | Constellation Brands Inc-a | +0.1% | +176.87% | 加碼 |
| 30 | SOXX | Ishares Semiconductor ETF | +0.1% | +102.97% | 加碼 |
| 31 | SPG | Simon Property Group Inc | +0.1% | +524.57% | 加碼 |
| 32 | CTSH | Cognizant Tech Solutions-a | +0.1% | +81.81% | 加碼 |
| 33 | PSA | Public Storage | +0.1% | +695.63% | 加碼 |
| 34 | AFL | Aflac Inc | +0.1% | +532.11% | 加碼 |
| 35 | GLD | Spdr Gold Shares | +0.1% | +1.51% | 加碼 |
| 36 | EWZ | Ishares Msci Brazil ETF | +0.1% | +19.24% | 加碼 |
| 37 | AMD | Advanced Micro Devices | +0.1% | -7.02% | 減碼 |
| 38 | LLY | Eli Lilly & Co | +0.1% | -12.82% | 減碼 |
| 39 | INTC | Intel CORP | +0.1% | +13.84% | 加碼 |
| 40 | CEG | Constellation Energy | +0.1% | +131.24% | 加碼 |
| 41 | WBD | Warner Bros Discovery Inc | +0.1% | -2.72% | 減碼 |
| 42 | SMH | Vaneck Semiconductor ETF | +0.1% | +85.32% | 加碼 |
| 43 | KMB | Kimberly-clark CORP | +0.1% | +109.75% | 加碼 |
| 44 | IDXX | Idexx Laboratories Inc | +0.1% | +76.21% | 加碼 |
| 45 | MSCI | Msci Inc | +0.1% | +300.52% | 加碼 |
| 46 | CCI | Crown Castle Inc | +0.1% | +68.13% | 加碼 |
| 47 | NKE | Nike Inc -cl B | +0.1% | +92.96% | 加碼 |
| 48 | HCA | Hca Healthcare Inc | +0.1% | +43.52% | 加碼 |
| 49 | FDX | Fedex CORP | +0.1% | +72.71% | 加碼 |
| 50 | DKNG | Draftkings Inc-cl A | +0.1% | +443.09% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Banco Bilbao Vizcaya Argentaria, S.a. 在 Q4 2025 季度的美股持倉總市值約為 US$160.6億，共申報了 724 個公開持股部位。
在 Q4 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 (15.2%)、NVDA (5.9%)、AAPL (4.3%)。其中最大持股部位 SPY 佔據整體投資組合約 15.2% 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
PSNY
市值: US$1.6億
本季最大獲利了結 / 清倉標的
GDX
前期市值: US$2028.6萬
在 Q4 2025 季度中，Banco Bilbao Vizcaya Argentaria, S.a. 共進行了 198 項持倉異動，包含新建倉 7 個部位、加碼 103 個部位、減碼 82 個部位以及清倉 6 個部位。 其中最大新建倉標的為 PSNY。 本季清倉部位包含 GDX。
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。