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: 0000891478
申報總市值
US$160.8億
US$160.8億
459 檔
32.9%
在 Q4 2025 的 13F 官方備案中，Banco Santander, S.A. 管理的美股投資組合規模來到 US$160.8億，整體持股檔數為 459 檔。
Q4 2025 數據顯示 Banco Santander, S.A. 積極進場，新開立 23 個部位並同步加碼 103 檔個股，反映機構在該季度的資金注入與籌碼積累。
從部位權重觀察，前 5 大標的（包含 BSBR, FERROVIAL SE, NVDA）累計市值佔比達 32.9%，是驅動 Banco Santander, 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 459 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 | BSBR | Banco Santander Brasil-ads | 股票-其他 | 23.80% | -7.89% | — | |
| 2 | ✓ | Ferrovial Se | 股票-其他 | 4.68% | -0.52% | +150.21% | |
| 3 | NVDA | Nvidia CORP | 股票-科技 | 4.03% | +2.00% | -5.60% | |
| 4 | MSFT | Microsoft CORP | 股票-科技 | 3.75% | +0.32% | +24.36% | |
| 5 | AAPL | Apple Inc | 股票-科技 | 3.32% | +1.29% | +24.73% | |
| 6 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.89% | +0.46% | +8.72% | |
| 7 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.49% | +0.97% | +78.15% | |
| 8 | TTE | TotalEnergies SE | 股票-其他 | 2.27% | -0.70% | — | |
| 9 | AVGO | Broadcom Inc | 股票-科技 | 2.09% | +0.72% | +63.16% | |
| 10 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.83% | +0.66% | -3.56% | |
| 11 | RACE | Ferrari N.V. | 股票-循環性消費 | 1.78% | -0.45% | +11.21% | |
| 12 | STLA | Stellantis N.V. | 股票-循環性消費 | 1.55% | -0.40% | +99.95% | |
| 13 | TSLA | Tesla Inc | 股票-循環性消費 | 1.47% | +0.06% | -1.42% | |
| 14 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.40% | +0.09% | +28.50% | |
| 15 | DB | Deutsche Bank Aktiengesellschaft | 股票-金融 | 1.17% | +0.72% | +4.74% | |
| 16 | VOO | Vanguard S&p 500 ETF | ETF-大型股與成長 | 1.15% | -0.14% | +11.43% | |
| 17 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.15% | +0.10% | +5.15% | |
| 18 | GLD | Spdr Gold Shares | ETF-避險與商品 | 1.11% | -0.40% | +15.69% | |
| 19 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 0.96% | -0.26% | -22.59% | |
| 20 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.91% | +0.03% | +1.18% | |
| 21 | QQQM | Invesco Nasdaq 100 ETF | ETF-科技型 | 0.79% | +0.07% | -1.91% | |
| 22 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 0.75% | +0.04% | +52.39% | |
| 23 | V | Visa Inc-class A Shares | 股票-金融 | 0.70% | -0.01% | +10.35% | |
| 24 | WMT | Walmart Inc | 股票-非循環性消費 | 0.68% | -0.20% | -4.74% | |
| 25 | NFLX | Netflix Inc | 股票-通訊服務 | 0.59% | -0.30% | +1152.24% | |
| 26 | C | Citigroup Inc | 股票-金融 | 0.56% | +0.18% | +4.61% | |
| 27 | CRM | Salesforce Inc | 股票-科技 | 0.56% | -0.03% | +24.96% | |
| 28 | MS | Morgan Stanley | 股票-金融 | 0.55% | +0.16% | -1.15% | |
| 29 | COTY | Coty Inc-cl A | 股票-其他 | 0.53% | -0.19% | — | |
| 30 | ORCL | Oracle CORP | 股票-科技 | 0.53% | +0.30% | +24.28% | |
| 31 | MA | Mastercard Inc - A | 股票-金融 | 0.52% | -0.14% | +16.49% | |
| 32 | MU | Micron Technology Inc | 股票-科技 | 0.49% | +2.35% | +174.85% | |
| 33 | XOM | Exxon Mobil CORP | 股票-能源 | 0.46% | -0.47% | -0.62% | |
| 34 | CAT | Caterpillar Inc | 股票-工業 | 0.45% | +0.20% | +6.23% | |
| 35 | ISRG | Intuitive Surgical Inc | 股票-醫療保健 | 0.44% | -0.10% | +25.16% | |
| 36 | BAC | Bank Of America CORP | 股票-金融 | 0.43% | +0.17% | -5.49% | |
| 37 | URTH | Ishares Msci World ETF | ETF-其他 | 0.43% | +0.01% | +29.36% | |
| 38 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 0.41% | -0.26% | +25.31% | |
| 39 | LRCX | Lam Research CORP | 股票-科技 | 0.38% | +0.15% | +19.01% | |
| 40 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.38% | -0.10% | +24.23% | |
| 41 | SHV | Ishares 0-1 Year Treasury Bo | ETF-政府公債 | 0.37% | -0.01% | +26.38% | |
| 42 | IBM | Intl Business Machines CORP | 股票-科技 | 0.37% | -0.20% | +22.80% | |
| 43 | GE | General Electric | 股票-工業 | 0.37% | -0.01% | +26.79% | |
| 44 | AMD | Advanced Micro Devices | 股票-科技 | 0.35% | +0.53% | +32.12% | |
| 45 | ACWI | Ishares Msci Acwi ETF | ETF-其他 | 0.34% | -0.06% | +6.62% | |
| 46 | ICE | Intercontinental Exchange In | 股票-金融 | 0.33% | -0.10% | +25.25% | |
| 47 | BMY | Bristol-myers Squibb Co | 股票-醫療保健 | 0.33% | -0.01% | +63.53% | |
| 48 | VRTX | Vertex Pharmaceuticals Inc | 股票-醫療保健 | 0.33% | -0.03% | +23.45% | |
| 49 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.32% | +0.19% | +9.06% | |
| 50 | RSP | Invesco S&p 500 Equal Weight | ETF-大型股與成長 | 0.32% | -0.23% | -5.79% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | ✓ | Ferrovial Se | +2.7% | +150.21% | 加碼 |
| 2 | STLA | Stellantis N.V. | +0.8% | +99.95% | 加碼 |
| 3 | META | Meta Platforms Inc-class A | +0.7% | +78.15% | 加碼 |
| 4 | AVGO | Broadcom Inc | +0.6% | +63.16% | 加碼 |
| 5 | GOOG | Alphabet Inc-cl C | +0.4% | +28.50% | 加碼 |
| 6 | MU | Micron Technology Inc | +0.4% | +174.85% | 加碼 |
| 7 | AAPL | Apple Inc | +0.4% | +24.73% | 加碼 |
| 8 | IVV | Ishares Core S&p 500 ETF | +0.2% | +52.39% | 加碼 |
| 9 | MRSH | Marsh & Mclennan Cos | +0.2% | +2561.48% | 加碼 |
| 10 | LLY | Eli Lilly & Co | +0.2% | +1.18% | 加碼 |
| 11 | CVX | Chevron CORP | +0.1% | +127.66% | 加碼 |
| 12 | HAS | Hasbro Inc | +0.1% | +332.32% | 加碼 |
| 13 | BMY | Bristol-myers Squibb Co | +0.1% | +63.53% | 加碼 |
| 14 | ISRG | Intuitive Surgical Inc | +0.1% | +25.16% | 加碼 |
| 15 | AMD | Advanced Micro Devices | +0.1% | +32.12% | 加碼 |
| 16 | GILD | Gilead Sciences Inc | +0.1% | +96.88% | 加碼 |
| 17 | COF | Capital One Financial CORP | +0.1% | +63.43% | 加碼 |
| 18 | VCIT | Vanguard Int-term Corporate | +0.1% | +138.15% | 加碼 |
| 19 | BIL | Ss Spdr Bb 1-3m T-bill ETF | +0.1% | +213.73% | 加碼 |
| 20 | GLD | Spdr Gold Shares | +0.1% | +15.69% | 加碼 |
| 21 | PANW | Palo Alto Networks Inc | +0.1% | +188.84% | 加碼 |
| 22 | GOOGL | Alphabet Inc-cl A | +0.1% | -3.56% | 減碼 |
| 23 | CRM | Salesforce Inc | +0.1% | +24.96% | 加碼 |
| 24 | TMO | Thermo Fisher Scientific Inc | +0.1% | +25.31% | 加碼 |
| 25 | LRCX | Lam Research CORP | +0.1% | +19.01% | 加碼 |
| 26 | SNOW | Snowflake Inc | +0.1% | +281.21% | 加碼 |
| 27 | MO | Altria Group Inc | +0.1% | +3468.22% | 加碼 |
| 28 | WELL | Welltower Inc | +0.1% | +57.99% | 加碼 |
| 29 | HON | Honeywell International Inc | +0.1% | +69.50% | 加碼 |
| 30 | AME | Ametek Inc | +0.1% | +77.92% | 加碼 |
| 31 | FCX | Freeport-mcmoran Inc | +0.1% | +129.32% | 加碼 |
| 32 | URTH | Ishares Msci World ETF | +0.1% | +29.36% | 加碼 |
| 33 | VRTX | Vertex Pharmaceuticals Inc | +0.1% | +23.45% | 加碼 |
| 34 | IQV | Iqvia Holdings Inc | +0.1% | +25.23% | 加碼 |
| 35 | GE | General Electric | 0% | +26.79% | 加碼 |
| 36 | SPGI | S&p Global Inc | 0% | +41.84% | 加碼 |
| 37 | MCD | Mcdonald's CORP | 0% | +58.35% | 加碼 |
| 38 | EL | Estee Lauder Companies-cl A | 0% | +25.27% | 加碼 |
| 39 | CEG | Constellation Energy | 0% | +73.69% | 加碼 |
| 40 | INTC | Intel CORP | 0% | +46.67% | 加碼 |
| 41 | SLB | Slb LTD | 0% | +55.05% | 加碼 |
| 42 | EWZ | Ishares Msci Brazil ETF | 0% | +128.33% | 加碼 |
| 43 | CAT | Caterpillar Inc | 0% | +6.23% | 加碼 |
| 44 | KO | Coca-cola Co/the | 0% | +24.23% | 加碼 |
| 45 | IBM | Intl Business Machines CORP | 0% | +22.80% | 加碼 |
| 46 | ADI | Analog Devices Inc | 0% | +22.75% | 加碼 |
| 47 | CSX | Csx CORP | 0% | +71.00% | 加碼 |
| 48 | YPF | Ypf S.a.-sponsored Adr | 0% | +216.05% | 加碼 |
| 49 | SHV | Ishares 0-1 Year Treasury Bo | 0% | +26.38% | 加碼 |
| 50 | WAB | Wabtec CORP | 0% | +23.71% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Banco Santander, S.A. 在 Q4 2025 季度的美股持倉總市值約為 US$160.8億，共申報了 459 個公開持股部位。
在 Q4 2025 季度，Banco Santander, S.A. 按市值排列的前三大核心持股分別為：BSBR (23.8%)、FERROVIAL SE (4.7%)、NVDA (4.0%)。其中最大持股部位 BSBR 佔據整體投資組合約 23.8% 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
TTE
市值: US$3.0億
本季最大獲利了結 / 清倉標的
DXCM
前期市值: US$1684.3萬
在 Q4 2025 季度中，Banco Santander, S.A. 共進行了 197 項持倉異動，包含新建倉 23 個部位、加碼 103 個部位、減碼 46 個部位以及清倉 25 個部位。 其中最大新建倉標的為 TTE。 本季清倉部位包含 DXCM。
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。