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
3181 檔
16.4%
在 Q4 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 3181 檔。
Bank Of Montreal /can/ 於 Q4 2025 展現出進攻型調倉步調，本季推動了 6 檔股票的新建倉與 129 檔既有部位加碼，整體資金傾向擴大在美股市場的曝險佈局。
在資產配置集中度方面，Bank Of Montreal /can/ 的前 5 大核心持股（包含 NVDA, RY, SPY 等）合計佔整體申報市值的 16.4%，反映機構在主要關鍵部位上的權重分佈。
僅顯示前 200 大持股（共 3181 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 | 4.88% | -0.57% | +8.35% | |
| 2 | RY | Royal Bank Of Canada | 股票-金融 | 3.75% | +0.39% | -3.57% | |
| 3 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 3.27% | +0.21% | -15.26% | |
| 4 | AAPL | Apple Inc | 股票-科技 | 3.03% | -0.02% | +5.37% | |
| 5 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.79% | -0.50% | +134.64% | |
| 6 | XLF | Ss Financial Select Sector | ETF-其他 | 2.50% | +0.08% | +1444.57% | |
| 7 | MSFT | Microsoft CORP | 股票-科技 | 2.47% | -0.47% | -1.07% | |
| 8 | XLI | Ss Industrial Select Sector | ETF-其他 | 2.43% | -0.04% | +3158.93% | |
| 9 | TD | Toronto-dominion Bank | 股票-金融 | 2.39% | -0.15% | -0.31% | |
| 10 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 2.32% | +0.11% | -0.19% | |
| 11 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.92% | -0.37% | -2.20% | |
| 12 | BNS | Bank Of Nova Scotia | 股票-金融 | 1.55% | +0.05% | +7.29% | |
| 13 | TSLA | Tesla Inc | 股票-循環性消費 | 1.50% | -0.02% | +5.68% | |
| 14 | AVGO | Broadcom Inc | 股票-科技 | 1.39% | +0.33% | -4.33% | |
| 15 | CM | Can Imperial Bk Of Commerce | 股票-金融 | 1.38% | +0.17% | +11.17% | |
| 16 | BMO | Bank Of Montreal | 股票-金融 | 1.32% | +0.19% | -0.48% | |
| 17 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.31% | +0.16% | +5.57% | |
| 18 | TRP | Tc Energy CORP | 股票-能源 | 0.98% | -0.46% | +26.14% | |
| 19 | BN | Brookfield CORP | 股票-金融 | 0.97% | -0.03% | +35.72% | |
| 20 | ENB | Enbridge Inc | 股票-能源 | 0.94% | -0.07% | -5.80% | |
| 21 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 0.92% | -0.02% | -14.19% | |
| 22 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.86% | -0.19% | +57.87% | |
| 23 | CNQ | Canadian Natural Resources | 股票-能源 | 0.84% | -0.33% | -13.12% | |
| 24 | NFLX | Netflix Inc | 股票-通訊服務 | 0.82% | -0.28% | +918.76% | |
| 25 | ORCL | Oracle CORP | 股票-科技 | 0.81% | -0.04% | +135.82% | |
| 26 | MFC | Manulife Financial CORP | 股票-金融 | 0.74% | +0.01% | +0.16% | |
| 27 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.72% | +0.01% | -4.21% | |
| 28 | SHOP | Shopify Inc - Class A | 股票-科技 | 0.70% | -0.07% | -11.42% | |
| 29 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 0.67% | -0.10% | -36.71% | |
| 30 | GDX | Vaneck Gold Miners ETF | ETF-避險與商品 | 0.66% | -0.24% | +49.66% | |
| 31 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.62% | +0.16% | +3.79% | |
| 32 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.60% | -0.05% | -4.88% | |
| 33 | SU | Suncor Energy Inc | 股票-能源 | 0.58% | -0.14% | +12.01% | |
| 34 | AEM | Agnico Eagle Mines LTD | 股票-原物料 | 0.58% | -0.20% | -7.80% | |
| 35 | AMD | Advanced Micro Devices | 股票-科技 | 0.56% | +0.86% | -5.75% | |
| 36 | V | Visa Inc-class A Shares | 股票-金融 | 0.55% | -0.13% | -13.65% | |
| 37 | CP | Canadian Pacific Kansas City | 股票-工業 | 0.55% | -0.01% | -4.09% | |
| 38 | WCN | Waste Connections Inc | 股票-工業 | 0.54% | -0.02% | -2.98% | |
| 39 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.51% | -0.02% | +10.14% | |
| 40 | CNI | Canadian Natl Railway Co | 股票-工業 | 0.50% | +0.04% | -0.15% | |
| 41 | WMT | Walmart Inc | 股票-非循環性消費 | 0.48% | -0.12% | +7.78% | |
| 42 | FTS | Fortis Inc | 股票-公用事業 | 0.46% | -0.06% | +7.03% | |
| 43 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.45% | -0.05% | +2.52% | |
| 44 | BAC | Bank Of America CORP | 股票-金融 | 0.45% | — | -2.71% | |
| 45 | MS | Morgan Stanley | 股票-金融 | 0.43% | +0.01% | +3.40% | |
| 46 | TLT | Ishares 20+ Year Treasury Bd | ETF-政府公債 | 0.43% | +0.02% | -27.40% | |
| 47 | MA | Mastercard Inc - A | 股票-金融 | 0.42% | — | +17.77% | |
| 48 | PAVE | Global X US Infrastructure | ETF-其他 | 0.42% | +0.02% | +3.65% | |
| 49 | IEFA | Ishares Core Msci Eafe ETF | ETF-其他 | 0.40% | -0.17% | -8.30% | |
| 50 | FNV | Franco-nevada CORP | 股票-原物料 | 0.39% | -0.10% | -5.93% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | XLI | Ss Industrial Select Sector | +2.3% | +3158.93% | 加碼 |
| 2 | XLF | Ss Financial Select Sector | +2.3% | +1444.57% | 加碼 |
| 3 | META | Meta Platforms Inc-class A | +1.3% | +134.64% | 加碼 |
| 4 | GOOGL | Alphabet Inc-cl A | +0.3% | -0.19% | 減碼 |
| 5 | ORCL | Oracle CORP | +0.3% | +135.82% | 加碼 |
| 6 | GOOG | Alphabet Inc-cl C | +0.2% | +5.57% | 加碼 |
| 7 | PLTR | Palantir Technologies Inc-a | +0.2% | +57.87% | 加碼 |
| 8 | GDX | Vaneck Gold Miners ETF | +0.2% | +49.66% | 加碼 |
| 9 | MU | Micron Technology Inc | +0.2% | +38.45% | 加碼 |
| 10 | CM | Can Imperial Bk Of Commerce | +0.2% | +11.17% | 加碼 |
| 11 | KWEB | Kranesh Csi China Internet | +0.2% | +5213.44% | 加碼 |
| 12 | SSNC | Ss&c Technologies Holdings | +0.2% | +4424.56% | 加碼 |
| 13 | LLY | Eli Lilly & Co | +0.2% | +3.79% | 加碼 |
| 14 | TD | Toronto-dominion Bank | +0.1% | -0.31% | 減碼 |
| 15 | BNS | Bank Of Nova Scotia | +0.1% | +7.29% | 加碼 |
| 16 | B | Barrick Mining CORP | +0.1% | +31.71% | 加碼 |
| 17 | TRP | Tc Energy CORP | +0.1% | +26.14% | 加碼 |
| 18 | PRI | Primerica Inc | +0.1% | +5277.53% | 加碼 |
| 19 | GMED | Globus Medical Inc - A | +0.1% | +15317.09% | 加碼 |
| 20 | EME | Emcor Group Inc | +0.1% | +425.77% | 加碼 |
| 21 | WTW | Willis Towers Watson Public Limited Company | +0.1% | +657.33% | 加碼 |
| 22 | EWZ | Ishares Msci Brazil ETF | +0.1% | +59864.77% | 加碼 |
| 23 | JNJ | Johnson & Johnson | +0.1% | +27.22% | 加碼 |
| 24 | AWI | Armstrong World Industries | +0.1% | +18679.71% | 加碼 |
| 25 | OPLN | Openlane Inc | +0.1% | +90609.28% | 加碼 |
| 26 | USFD | US Foods Holding CORP | +0.1% | +8056.14% | 加碼 |
| 27 | ROST | Ross Stores Inc | +0.1% | +357.36% | 加碼 |
| 28 | COR | Cencora Inc | +0.1% | +227.50% | 加碼 |
| 29 | ALSN | Allison Transmission Holding | +0.1% | +4032.33% | 加碼 |
| 30 | HLI | Houlihan Lokey Inc | +0.1% | +2723.19% | 加碼 |
| 31 | WH | Wyndham Hotels & Resorts Inc | +0.1% | +14199.98% | 加碼 |
| 32 | AMD | Advanced Micro Devices | +0.1% | -5.75% | 減碼 |
| 33 | QSR | Restaurant Brands Intern | +0.1% | +24.20% | 加碼 |
| 34 | CLS | Celestica Inc | +0.1% | +43.42% | 加碼 |
| 35 | MDT | Medtronic plc | +0.1% | +96.27% | 加碼 |
| 36 | GNTX | Gentex CORP | +0.1% | +14398.68% | 加碼 |
| 37 | MKTX | Marketaxess Holdings Inc | +0.1% | +5086.37% | 加碼 |
| 38 | FDS | Factset Research Systems Inc | +0.1% | +1843.94% | 加碼 |
| 39 | NYT | New York Times Co-a | +0.1% | +10018.26% | 加碼 |
| 40 | HSIC | Henry Schein Inc | +0.1% | +3655.71% | 加碼 |
| 41 | WAB | Wabtec CORP | +0.1% | +360.02% | 加碼 |
| 42 | AAPL | Apple Inc | +0.1% | +5.37% | 加碼 |
| 43 | RCI | Rogers Communications Inc-b | +0.1% | +17.09% | 加碼 |
| 44 | GDXJ | Vaneck Junior Gold Miners | +0.1% | +31.08% | 加碼 |
| 45 | ICE | Intercontinental Exchange In | +0.1% | +108.02% | 加碼 |
| 46 | KRE | Ss Spdr S&p Regional Bank | +0.1% | +532.80% | 加碼 |
| 47 | AMH | American Homes 4 Rent- A | +0.1% | +3526.15% | 加碼 |
| 48 | STX | Seagate Technology Holdings plc | +0.1% | +148.43% | 加碼 |
| 49 | NWSA | News CORP - Class A | +0.1% | +2348.92% | 加碼 |
| 50 | KVUE | Kenvue Inc | +0.1% | +603.79% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Bank Of Montreal /can/ 在 Q4 2025 季度的美股持倉總市值約為 US$3036.5億，共申報了 3181 個公開持股部位。
在 Q4 2025 季度，Bank Of Montreal /can/ 按市值排列的前三大核心持股分別為：NVDA (4.9%)、RY (3.8%)、SPY (3.3%)。其中最大持股部位 NVDA 佔據整體投資組合約 4.9% 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
ICL
市值: US$5.3億
本季最大獲利了結 / 清倉標的
GLD
前期市值: US$5.6億
在 Q4 2025 季度中，Bank Of Montreal /can/ 共進行了 200 項持倉異動，包含新建倉 6 個部位、加碼 129 個部位、減碼 60 個部位以及清倉 5 個部位。 其中最大新建倉標的為 ICL。 本季清倉部位包含 GLD。
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。