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: 0001632812
申報總市值
US$7.5億
US$7.5億
137 檔
44.0%
在 Q2 2025 申報期間，Bdf-gestion（CIK: 0001632812）向美國 SEC 提交的 Form 13F 報告顯示，其追蹤之股票投資組合總市值達 US$7.5億，共持有 137 個公開申報部位。
數據顯示 Bdf-gestion 於 Q2 2025 季度持續回收資金，對 25 個既有部位進行裁減並清倉 10 個標的，組合整體流動性比重有所上升。
在資產配置集中度方面，Bdf-gestion 的前 5 大核心持股（包含 NVDA, MSFT, AAPL 等）合計佔整體申報市值的 44.0%，反映機構在主要關鍵部位上的權重分佈。
| # | 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 | 10.66% | -10.06% | — | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 10.26% | -6.73% | -15.55% | |
| 3 | AAPL | Apple Inc | 股票-科技 | 7.96% | -9.43% | -9.82% | |
| 4 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 4.29% | -3.35% | +9.35% | |
| 5 | AVGO | Broadcom Inc | 股票-科技 | 3.75% | -3.94% | -1.31% | |
| 6 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 2.73% | -3.94% | -36.40% | |
| 7 | JPM | Jpmorgan Chase & Co | 股票-金融 | 2.52% | -2.16% | +6.92% | |
| 8 | LLY | Eli Lilly & Co | 股票-醫療保健 | 2.12% | -2.04% | -9.83% | |
| 9 | V | Visa Inc-class A Shares | 股票-金融 | 1.74% | -0.89% | -9.83% | |
| 10 | MA | Mastercard Inc - A | 股票-金融 | 1.27% | -0.62% | -9.83% | |
| 11 | HD | Home Depot Inc | 股票-循環性消費 | 1.26% | -0.17% | -9.83% | |
| 12 | BAC | Bank Of America CORP | 股票-金融 | 1.21% | -0.56% | -28.70% | |
| 13 | GS | Goldman Sachs Group Inc | 股票-金融 | 1.20% | -0.45% | -30.53% | |
| 14 | AMD | Advanced Micro Devices | 股票-科技 | 1.16% | +9.09% | — | |
| 15 | NFLX | Netflix Inc | 股票-通訊服務 | 1.06% | -0.54% | — | |
| 16 | CRM | Salesforce Inc | 股票-科技 | 0.99% | -0.74% | EXIT | |
| 17 | VZ | Verizon Communications Inc | 股票-通訊服務 | 0.90% | — | -9.82% | |
| 18 | ABT | Abbott Laboratories | 股票-醫療保健 | 0.90% | +0.27% | -9.83% | |
| 19 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.88% | -0.49% | -9.83% | |
| 20 | NOW | Servicenow Inc | 股票-科技 | 0.88% | -0.27% | — | |
| 21 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.87% | -1.02% | -22.58% | |
| 22 | MSI | Motorola Solutions Inc | 股票-科技 | 0.80% | -0.27% | -9.83% | |
| 23 | TXN | Texas Instruments Inc | 股票-科技 | 0.78% | -0.19% | +50.00% | |
| 24 | ORCL | Oracle CORP | 股票-科技 | 0.78% | -0.56% | -9.83% | |
| 25 | CSCO | Cisco Systems Inc | 股票-科技 | 0.75% | -0.40% | -9.82% | |
| 26 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.74% | -0.74% | EXIT | |
| 27 | ISRG | Intuitive Surgical Inc | 股票-醫療保健 | 0.74% | -0.72% | -5.89% | |
| 28 | TJX | Tjx Companies Inc | 股票-循環性消費 | 0.73% | +0.19% | NEW | |
| 29 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.73% | -0.40% | -39.05% | |
| 30 | C | Citigroup Inc | 股票-金融 | 0.71% | -0.50% | -22.38% | |
| 31 | ACN | Accenture plc | 股票-科技 | 0.68% | -0.09% | -9.83% | |
| 32 | TMUS | T-mobile US Inc | 股票-通訊服務 | 0.66% | +0.21% | +42.37% | |
| 33 | MDLZ | Mondelez International Inc-a | 股票-非循環性消費 | 0.62% | +0.26% | -9.83% | |
| 34 | DDOG | Datadog Inc - Class A | 股票-科技 | 0.61% | — | -9.82% | |
| 35 | ADP | Automatic Data Processing | 股票-科技 | 0.58% | -0.07% | -9.83% | |
| 36 | ADSK | Autodesk Inc | 股票-科技 | 0.58% | -0.09% | -9.83% | |
| 37 | LIN | Linde plc | 股票-原物料 | 0.57% | +0.18% | -9.84% | |
| 38 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 0.56% | -0.26% | -9.83% | |
| 39 | AXP | American Express Co | 股票-金融 | 0.56% | -0.15% | -9.83% | |
| 40 | ALL | Allstate CORP | 股票-金融 | 0.55% | +0.16% | -9.83% | |
| 41 | PLD | Prologis Inc | 股票-房地產 | 0.55% | -0.30% | -9.83% | |
| 42 | EA | Electronic Arts Inc | 股票-通訊服務 | 0.52% | — | -9.83% | |
| 43 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.51% | -0.32% | -44.34% | |
| 44 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.50% | -0.66% | — | |
| 45 | RSG | Republic Services Inc | 股票-工業 | 0.49% | -0.19% | -9.83% | |
| 46 | MET | Metlife Inc | 股票-金融 | 0.47% | +0.02% | -9.83% | |
| 47 | INTC | Intel CORP | 股票-科技 | 0.47% | +0.28% | NEW | |
| 48 | SPGI | S&p Global Inc | 股票-金融 | 0.47% | — | -9.83% | |
| 49 | SPG | Simon Property Group Inc | 股票-房地產 | 0.47% | +0.21% | -9.83% | |
| 50 | ADI | Analog Devices Inc | 股票-科技 | 0.46% | +0.02% | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +3.6% | — | 不變 |
| 2 | AVGO | Broadcom Inc | +1.5% | -1.31% | 減碼 |
| 3 | MSFT | Microsoft CORP | +1.4% | -15.55% | 減碼 |
| 4 | META | Meta Platforms Inc-class A | +1.3% | +9.35% | 加碼 |
| 5 | NFLX | Netflix Inc | +1.1% | NEW | 新建倉 |
| 6 | JPM | Jpmorgan Chase & Co | +0.6% | +6.92% | 加碼 |
| 7 | PLTR | Palantir Technologies Inc-a | +0.5% | NEW | 新建倉 |
| 8 | WFC | Wells Fargo & Co | +0.5% | NEW | 新建倉 |
| 9 | INTC | Intel CORP | +0.4% | +390.24% | 加碼 |
| 10 | AMD | Advanced Micro Devices | +0.4% | — | 不變 |
| 11 | TXN | Texas Instruments Inc | +0.3% | +50.00% | 加碼 |
| 12 | LRCX | Lam Research CORP | +0.3% | NEW | 新建倉 |
| 13 | CRM | Salesforce Inc | +0.3% | +27.78% | 加碼 |
| 14 | ORCL | Oracle CORP | +0.3% | -9.83% | 減碼 |
| 15 | NDAQ | Nasdaq Inc | +0.2% | +162.73% | 加碼 |
| 16 | NOW | Servicenow Inc | +0.2% | — | 不變 |
| 17 | ZS | Zscaler Inc | +0.2% | — | 不變 |
| 18 | TMUS | T-mobile US Inc | +0.2% | +42.37% | 加碼 |
| 19 | DDOG | Datadog Inc - Class A | +0.1% | -9.82% | 減碼 |
| 20 | MA | Mastercard Inc - A | -0.1% | -9.83% | 減碼 |
| 21 | ACN | Accenture plc | -0.1% | -9.83% | 減碼 |
| 22 | HD | Home Depot Inc | -0.1% | -9.83% | 減碼 |
| 23 | GS | Goldman Sachs Group Inc | -0.1% | -30.53% | 減碼 |
| 24 | MSI | Motorola Solutions Inc | -0.1% | -9.83% | 減碼 |
| 25 | V | Visa Inc-class A Shares | -0.1% | -9.83% | 減碼 |
| 26 | VZ | Verizon Communications Inc | -0.1% | -9.82% | 減碼 |
| 27 | FISV | Fiserv Inc | -0.1% | -9.83% | 減碼 |
| 28 | PG | Procter & Gamble Co/the | -0.1% | -9.83% | 減碼 |
| 29 | KDP | Keurig Dr Pepper Inc | -0.2% | EXIT | 清倉 |
| 30 | TMO | Thermo Fisher Scientific Inc | -0.2% | -9.83% | 減碼 |
| 31 | REGN | Regeneron Pharmaceuticals, Inc. | -0.2% | -50.84% | 減碼 |
| 32 | BAC | Bank Of America CORP | -0.2% | -28.70% | 減碼 |
| 33 | HUM | Humana Inc | -0.3% | -74.25% | 減碼 |
| 34 | COO | Cooper Cos Inc/the | -0.3% | EXIT | 清倉 |
| 35 | BURL | Burlington Stores Inc | -0.3% | EXIT | 清倉 |
| 36 | LLY | Eli Lilly & Co | -0.3% | -9.83% | 減碼 |
| 37 | PPG | Ppg Industries Inc | -0.3% | EXIT | 清倉 |
| 38 | ABBV | Abbvie Inc | -0.4% | -22.58% | 減碼 |
| 39 | MCK | Mckesson CORP | -0.4% | EXIT | 清倉 |
| 40 | FITB | Fifth Third Bancorp | -0.4% | EXIT | 清倉 |
| 41 | CDW | Cdw Corp/de | -0.4% | -69.12% | 減碼 |
| 42 | MRK | Merck & Co. Inc. | -0.5% | -44.34% | 減碼 |
| 43 | SCI | Service CORP International | -0.6% | EXIT | 清倉 |
| 44 | BKT | Blackrock Income Trust | -0.6% | -9.84% | 減碼 |
| 45 | GE | General Electric | -0.7% | EXIT | 清倉 |
| 46 | BKNG | Booking Holdings Inc | -0.8% | EXIT | 清倉 |
| 47 | GOOG | Alphabet Inc-cl C | -0.9% | -36.40% | 減碼 |
| 48 | UNH | Unitedhealth Group Inc | -1.2% | -39.05% | 減碼 |
| 49 | AAPL | Apple Inc | -1.3% | -9.82% | 減碼 |
| 50 | TSLA | Tesla Inc | -1.4% | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Bdf-gestion 在 Q2 2025 季度的美股持倉總市值約為 US$7.5億，共申報了 137 個公開持股部位。
在 Q2 2025 季度，Bdf-gestion 按市值排列的前三大核心持股分別為：NVDA (10.7%)、MSFT (10.3%)、AAPL (8.0%)。其中最大持股部位 NVDA 佔據整體投資組合約 10.7% 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
NFLX
市值: US$937.4萬
本季最大獲利了結 / 清倉標的
TSLA
前期市值: US$1303.9萬
在 Q2 2025 季度中，Bdf-gestion 共進行了 46 項持倉異動，包含新建倉 4 個部位、加碼 7 個部位、減碼 25 個部位以及清倉 10 個部位。 其中最大新建倉標的為 NFLX。 本季清倉部位包含 TSLA。
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。