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: 0000927971
申報總市值
US$3036.5億
US$3036.5億
3176 檔
13.9%
在 Q2 2025 的 13F 官方備案中，Bank Of Montreal /can/ 管理的美股投資組合規模來到 US$3036.5億，整體持股檔數為 3176 檔。
觀察 Q2 2025 的資金脈絡，Bank Of Montreal /can/ 在獲利結算 9 檔個股的同時，將資本重新部署至 13 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 NVDA, SPY, RY）累計市值佔比達 13.9%，是驅動 Bank Of Montreal /can/ 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 3176 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 | NVDA | Nvidia CORP | 股票-科技 | 5.60% | -0.57% | -17.42% | |
| 2 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 4.41% | +0.21% | +0.65% | |
| 3 | RY | Royal Bank Of Canada | 股票-金融 | 4.01% | +0.39% | -9.06% | |
| 4 | MSFT | Microsoft CORP | 股票-科技 | 3.11% | -0.47% | -7.14% | |
| 5 | TD | Toronto-dominion Bank | 股票-金融 | 2.69% | -0.15% | -17.56% | |
| 6 | AAPL | Apple Inc | 股票-科技 | 2.68% | -0.02% | -0.88% | |
| 7 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.56% | -0.37% | +19.44% | |
| 8 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.88% | -0.50% | -4.43% | |
| 9 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.77% | +0.11% | +6.61% | |
| 10 | BNS | Bank Of Nova Scotia | 股票-金融 | 1.57% | +0.05% | -10.17% | |
| 11 | NFLX | Netflix Inc | 股票-通訊服務 | 1.54% | -0.28% | -0.63% | |
| 12 | BMO | Bank Of Montreal | 股票-金融 | 1.51% | +0.19% | -7.70% | |
| 13 | AVGO | Broadcom Inc | 股票-科技 | 1.49% | +0.33% | +0.60% | |
| 14 | CM | Can Imperial Bk Of Commerce | 股票-金融 | 1.39% | +0.17% | -25.49% | |
| 15 | CNQ | Canadian Natural Resources | 股票-能源 | 1.38% | -0.33% | +20.27% | |
| 16 | BN | Brookfield CORP | 股票-金融 | 1.35% | -0.03% | -1.09% | |
| 17 | TSLA | Tesla Inc | 股票-循環性消費 | 1.25% | -0.02% | +3.15% | |
| 18 | ENB | Enbridge Inc | 股票-能源 | 1.19% | -0.07% | -1.82% | |
| 19 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 1.09% | -0.02% | +38.91% | |
| 20 | TRP | Tc Energy CORP | 股票-能源 | 1.05% | -0.46% | -18.72% | |
| 21 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.99% | +0.16% | -0.39% | |
| 22 | AMD | Advanced Micro Devices | 股票-科技 | 0.89% | +0.86% | -19.95% | |
| 23 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.83% | +0.01% | -5.84% | |
| 24 | V | Visa Inc-class A Shares | 股票-金融 | 0.82% | -0.13% | -7.25% | |
| 25 | CP | Canadian Pacific Kansas City | 股票-工業 | 0.79% | -0.01% | +2.96% | |
| 26 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 0.78% | -0.10% | -71.49% | |
| 27 | WCN | Waste Connections Inc | 股票-工業 | 0.73% | -0.02% | -1.99% | |
| 28 | TLT | Ishares 20+ Year Treasury Bd | ETF-政府公債 | 0.73% | +0.02% | +40.43% | |
| 29 | CNI | Canadian Natl Railway Co | 股票-工業 | 0.70% | +0.04% | -2.11% | |
| 30 | NOW | Servicenow Inc | 股票-科技 | 0.69% | -0.04% | +2.89% | |
| 31 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.69% | -0.05% | -7.55% | |
| 32 | MFC | Manulife Financial CORP | 股票-金融 | 0.69% | +0.01% | -10.20% | |
| 33 | TU | Telus CORP | 股票-其他 | 0.64% | -0.07% | -0.24% | |
| 34 | SHOP | Shopify Inc - Class A | 股票-科技 | 0.62% | -0.07% | +4.30% | |
| 35 | CRWD | Crowdstrike Holdings Inc - A | 股票-科技 | 0.61% | +0.14% | -3.79% | |
| 36 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.54% | -0.02% | -10.80% | |
| 37 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.53% | +0.16% | -6.10% | |
| 38 | AEM | Agnico Eagle Mines LTD | 股票-原物料 | 0.52% | -0.20% | -5.47% | |
| 39 | FTS | Fortis Inc | 股票-公用事業 | 0.50% | -0.06% | -4.45% | |
| 40 | TRI4EUR | Thomson Reuters CORP | 股票-其他 | 0.50% | -0.18% | EXIT | |
| 41 | WMT | Walmart Inc | 股票-非循環性消費 | 0.49% | -0.12% | -5.19% | |
| 42 | BAC | Bank Of America CORP | 股票-金融 | 0.48% | — | +1.34% | |
| 43 | MA | Mastercard Inc - A | 股票-金融 | 0.47% | — | -43.95% | |
| 44 | PAVE | Global X US Infrastructure | ETF-其他 | 0.47% | +0.02% | -1.65% | |
| 45 | BCE | Bce Inc | 股票-通訊服務 | 0.45% | -0.07% | +0.78% | |
| 46 | SU | Suncor Energy Inc | 股票-能源 | 0.44% | -0.14% | +2.90% | |
| 47 | MS | Morgan Stanley | 股票-金融 | 0.44% | +0.01% | +7.56% | |
| 48 | BIP | Brookfield Infrastructure Partners L.P. | 股票-公用事業 | 0.43% | -0.04% | -3.59% | |
| 49 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.43% | -0.05% | +14.15% | |
| 50 | ORCL | Oracle CORP | 股票-科技 | 0.40% | -0.04% | +9.34% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +0.7% | -17.42% | 減碼 |
| 2 | AMZN | Amazon.com Inc | +0.6% | +19.44% | 加碼 |
| 3 | AVGO | Broadcom Inc | +0.5% | +0.60% | 加碼 |
| 4 | MSFT | Microsoft CORP | +0.4% | -7.14% | 減碼 |
| 5 | NFLX | Netflix Inc | +0.4% | -0.63% | 減碼 |
| 6 | EMA | Emera Inc | +0.4% | NEW | 新建倉 |
| 7 | IWM | Ishares Russell 2000 ETF | +0.3% | +38.91% | 加碼 |
| 8 | META | Meta Platforms Inc-class A | +0.3% | -4.43% | 減碼 |
| 9 | GOOGL | Alphabet Inc-cl A | +0.2% | +6.61% | 加碼 |
| 10 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.2% | +0.65% | 加碼 |
| 11 | TSLA | Tesla Inc | +0.2% | +3.15% | 加碼 |
| 12 | CNQ | Canadian Natural Resources | +0.2% | +20.27% | 加碼 |
| 13 | B | Barrick Mining CORP | +0.2% | NEW | 新建倉 |
| 14 | TLT | Ishares 20+ Year Treasury Bd | +0.2% | +40.43% | 加碼 |
| 15 | MSTR | Strategy Inc | +0.2% | +294.72% | 加碼 |
| 16 | CRWD | Crowdstrike Holdings Inc - A | +0.2% | -3.79% | 減碼 |
| 17 | ORCL | Oracle CORP | +0.2% | +9.34% | 加碼 |
| 18 | SMH | Vaneck Semiconductor ETF | +0.2% | +1325.55% | 加碼 |
| 19 | NOW | Servicenow Inc | +0.1% | +2.89% | 加碼 |
| 20 | BN | Brookfield CORP | +0.1% | -1.09% | 減碼 |
| 21 | GS | Goldman Sachs Group Inc | +0.1% | +14.15% | 加碼 |
| 22 | SHOP | Shopify Inc - Class A | +0.1% | +4.30% | 加碼 |
| 23 | PLTR | Palantir Technologies Inc-a | +0.1% | -8.76% | 減碼 |
| 24 | CP | Canadian Pacific Kansas City | +0.1% | +2.96% | 加碼 |
| 25 | MS | Morgan Stanley | +0.1% | +7.56% | 加碼 |
| 26 | SNOW | Snowflake Inc | +0.1% | -1.26% | 減碼 |
| 27 | BABA 0.5 06-01-31債券 | Alibaba Group Holding | +0.1% | NEW | 新建倉 |
| 28 | GOOG | Alphabet Inc-cl C | +0.1% | -0.39% | 減碼 |
| 29 | BAM | Brookfield Asset Mgmt-a | +0.1% | +13.31% | 加碼 |
| 30 | ADI | Analog Devices Inc | +0.1% | +88.16% | 加碼 |
| 31 | BP | Bp Plc-spons Adr | +0.1% | +1284.85% | 加碼 |
| 32 | COIN | Coinbase Global Inc -class A | +0.1% | +16.91% | 加碼 |
| 33 | HIMS | Hims & Hers Health Inc | +0.1% | +1411.29% | 加碼 |
| 34 | SCHW | Schwab (charles) CORP | +0.1% | +58.33% | 加碼 |
| 35 | UBER | Uber Technologies Inc | +0.1% | +3.05% | 加碼 |
| 36 | CCJ | Cameco CORP | +0.1% | -12.71% | 減碼 |
| 37 | NKE | Nike Inc -cl B | +0.1% | +45.25% | 加碼 |
| 38 | BTSG 6.75 02-01-27債券 | Brightspring Health Serv | +0.1% | NEW | 新建倉 |
| 39 | GME | Gamestop Corp-class A | +0.1% | +911.10% | 加碼 |
| 40 | SHEL | Shell Plc-adr | +0.1% | +211.40% | 加碼 |
| 41 | AMD | Advanced Micro Devices | 0% | -19.95% | 減碼 |
| 42 | JPM | Jpmorgan Chase & Co | 0% | -5.84% | 減碼 |
| 43 | TU | Telus CORP | 0% | -0.24% | 減碼 |
| 44 | VOO | Vanguard S&p 500 ETF | 0% | +7.93% | 加碼 |
| 45 | PAVE | Global X US Infrastructure | 0% | -1.65% | 減碼 |
| 46 | WPM | Wheaton Precious Metals CORP | 0% | +10.30% | 加碼 |
| 47 | ADBE | Adobe Inc | 0% | +23.57% | 加碼 |
| 48 | APO 6.75 07-31-26債券 | Apollo Global Management | 0% | NEW | 新建倉 |
| 49 | NVO | Novo-nordisk A/s-spons Adr | 0% | +101.44% | 加碼 |
| 50 | SNN | Smith & Nephew PLC -spon Adr | 0% | +321.60% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Bank Of Montreal /can/ 在 Q2 2025 季度的美股持倉總市值約為 US$3036.5億，共申報了 3176 個公開持股部位。
在 Q2 2025 季度，Bank Of Montreal /can/ 按市值排列的前三大核心持股分別為：NVDA (5.6%)、SPY (4.4%)、RY (4.0%)。其中最大持股部位 NVDA 佔據整體投資組合約 5.6% 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
EMA
市值: US$7.6億
本季最大獲利了結 / 清倉標的
QQQ
前期市值: US$9.9億
在 Q2 2025 季度中，Bank Of Montreal /can/ 共進行了 200 項持倉異動，包含新建倉 13 個部位、加碼 78 個部位、減碼 100 個部位以及清倉 9 個部位。 其中最大新建倉標的為 EMA。 本季清倉部位包含 QQQ。
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。