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$7.4億
US$7.4億
144 檔
35.9%
根據最新整理的 13F 季度數據集，Bdf-gestion 於 Q1 2026 結束時的管理資產規模為 US$7.4億。該機構在本季度申報了 144 檔美股持倉，呈現出該時期的主要投資地圖。
Bdf-gestion 在 Q1 2026 進行了結構性的板塊輪動與部位換股。在開立 16 個全新部位及加碼 18 檔持股的同時，亦同步清倉 19 檔並減碼 18 檔標的。
整體而言，Bdf-gestion 的前 5 大持股（包含 NVDA, AAPL, MSFT）貢獻了組合市值的 35.9%，形成該機構在 Q1 2026 季度的基本面基石。
| # | 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 | 10.24% | +9.90% | -3.55% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 9.75% | +9.07% | — | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 7.50% | +7.28% | +6.08% | |
| 4 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 4.09% | +3.53% | — | |
| 5 | AVGO | Broadcom Inc | 股票-科技 | 4.06% | +3.53% | — | |
| 6 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 3.62% | +2.95% | — | |
| 7 | JPM | Jpmorgan Chase & Co | 股票-金融 | 2.37% | +1.93% | — | |
| 8 | LLY | Eli Lilly & Co | 股票-醫療保健 | 2.31% | +2.24% | — | |
| 9 | V | Visa Inc-class A Shares | 股票-金融 | 1.45% | +0.83% | — | |
| 10 | ABBV | Abbvie Inc | 股票-醫療保健 | 1.30% | +0.98% | — | |
| 11 | NFLX | Netflix Inc | 股票-通訊服務 | 1.07% | +0.09% | +25.90% | |
| 12 | HD | Home Depot Inc | 股票-循環性消費 | 1.04% | -0.14% | — | |
| 13 | AMAT | Applied Materials Inc | 股票-科技 | 0.98% | +0.77% | -21.85% | |
| 14 | MA | Mastercard Inc - A | 股票-金融 | 0.97% | +0.51% | — | |
| 15 | ORCL | Oracle CORP | 股票-科技 | 0.93% | +0.33% | +16.90% | |
| 16 | LRCX | Lam Research CORP | 股票-科技 | 0.92% | +0.92% | +29.41% | |
| 17 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.87% | +1.10% | -8.27% | |
| 18 | ISRG | Intuitive Surgical Inc | 股票-醫療保健 | 0.83% | +0.18% | -20.85% | |
| 19 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.80% | +0.18% | — | |
| 20 | CSCO | Cisco Systems Inc | 股票-科技 | 0.78% | +0.49% | — | |
| 21 | C | Citigroup Inc | 股票-金融 | 0.77% | +0.44% | -35.66% | |
| 22 | CAT | Caterpillar Inc. | 股票-工業 | 0.77% | -0.33% | +44.88% | |
| 23 | MU | Micron Technology Inc | 股票-科技 | 0.77% | +2.18% | -22.61% | |
| 24 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.76% | +0.30% | — | |
| 25 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.74% | +0.35% | — | |
| 26 | ADI | Analog Devices Inc | 股票-科技 | 0.74% | -0.02% | +28.84% | |
| 27 | CRM | Salesforce Inc | 股票-科技 | 0.74% | +0.38% | NEW | |
| 28 | BAC | Bank Of America CORP | 股票-金融 | 0.74% | +0.34% | -20.97% | |
| 29 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.74% | — | — | |
| 30 | KLAC | Kla CORP | 股票-科技 | 0.73% | -0.52% | +44.46% | |
| 31 | TXN | Texas Instruments Inc | 股票-科技 | 0.68% | +0.30% | — | |
| 32 | AMD | Advanced Micro Devices | 股票-科技 | 0.65% | -7.48% | -22.50% | |
| 33 | ABT | Abbott Laboratories | 股票-醫療保健 | 0.65% | -0.34% | -22.22% | |
| 34 | PEP | Pepsico Inc | 股票-非循環性消費 | 0.65% | +0.24% | — | |
| 35 | IBM | Intl Business Machines CORP | 股票-科技 | 0.59% | -0.43% | — | |
| 36 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.58% | +0.67% | — | |
| 37 | LIN | Linde plc | 股票-原物料 | 0.56% | -0.31% | — | |
| 38 | PANW | Palo Alto Networks Inc | 股票-科技 | 0.55% | +0.83% | — | |
| 39 | TMUS | T-mobile US Inc | 股票-通訊服務 | 0.53% | -0.58% | — | |
| 40 | T | At&t Inc | 股票-通訊服務 | 0.53% | -0.29% | — | |
| 41 | PLD | Prologis Inc | 股票-房地產 | 0.53% | +0.19% | -16.77% | |
| 42 | ALL | Allstate CORP | 股票-金融 | 0.52% | -0.23% | — | |
| 43 | NOW | Servicenow Inc | 股票-科技 | 0.52% | +0.06% | +25.58% | |
| 44 | RGLD | Royal Gold Inc | 股票-原物料 | 0.51% | +0.13% | — | |
| 45 | MSI | Motorola Solutions Inc | 股票-科技 | 0.50% | +0.19% | — | |
| 46 | COR | Cencora Inc | 股票-醫療保健 | 0.49% | -0.07% | — | |
| 47 | AXP | American Express Co | 股票-金融 | 0.49% | +0.06% | — | |
| 48 | BSX | Boston Scientific CORP | 股票-醫療保健 | 0.48% | -0.11% | +50.00% | |
| 49 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 0.48% | +0.53% | -23.73% | |
| 50 | ETN | Eaton Corporation plc | 股票-工業 | 0.48% | +0.25% | +100.97% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | PEP | Pepsico Inc | +0.7% | NEW | 新建倉 |
| 2 | IBM | Intl Business Machines CORP | +0.6% | NEW | 新建倉 |
| 3 | CRWD | Crowdstrike Holdings Inc - A | +0.5% | NEW | 新建倉 |
| 4 | GILD | Gilead Sciences Inc | +0.5% | NEW | 新建倉 |
| 5 | LRCX | Lam Research CORP | +0.4% | +29.41% | 加碼 |
| 6 | CAT | Caterpillar Inc. | +0.4% | +44.88% | 加碼 |
| 7 | KLAC | Kla CORP | +0.4% | +44.46% | 加碼 |
| 8 | EBAY | Ebay Inc | +0.3% | NEW | 新建倉 |
| 9 | BMY | Bristol-myers Squibb Co | +0.3% | NEW | 新建倉 |
| 10 | USB | US Bancorp | +0.3% | NEW | 新建倉 |
| 11 | NFLX | Netflix Inc | +0.3% | +25.90% | 加碼 |
| 12 | APH | Amphenol Corp-cl A | +0.3% | NEW | 新建倉 |
| 13 | VRTX | Vertex Pharmaceuticals Inc | +0.3% | NEW | 新建倉 |
| 14 | ETN | Eaton Corporation plc | +0.3% | +100.97% | 加碼 |
| 15 | ADI | Analog Devices Inc | +0.3% | +28.84% | 加碼 |
| 16 | GLW | Corning Inc | +0.3% | NEW | 新建倉 |
| 17 | LFUS | Littelfuse Inc | +0.3% | NEW | 新建倉 |
| 18 | RRX | Regal Rexnord CORP | +0.3% | NEW | 新建倉 |
| 19 | WMS | Advanced Drainage Systems In | +0.2% | NEW | 新建倉 |
| 20 | HON | Honeywell International Inc | +0.2% | +65.40% | 加碼 |
| 21 | AAPL | Apple Inc | +0.2% | — | 不變 |
| 22 | PCOR | Procore Technologies Inc | +0.2% | NEW | 新建倉 |
| 23 | ELV | Elevance Health Inc | +0.2% | NEW | 新建倉 |
| 24 | CF | Cf Industries Holdings Inc | +0.2% | — | 不變 |
| 25 | 6D8 | Dupont De Nemours Inc | +0.2% | +104.49% | 加碼 |
| 26 | MRK | Merck & Co. Inc. | +0.2% | — | 不變 |
| 27 | CHD | Church & Dwight Co Inc | +0.1% | +70.90% | 加碼 |
| 28 | TXN | Texas Instruments Inc | +0.1% | — | 不變 |
| 29 | SNDK | Sandisk CORP | +0.1% | NEW | 新建倉 |
| 30 | LIN | Linde plc | +0.1% | — | 不變 |
| 31 | KO | Coca-cola Co/the | +0.1% | — | 不變 |
| 32 | AMAT | Applied Materials Inc | +0.1% | -21.85% | 減碼 |
| 33 | T | At&t Inc | +0.1% | — | 不變 |
| 34 | MSA | Msa Safety Inc | +0.1% | +44.56% | 加碼 |
| 35 | RGLD | Royal Gold Inc | +0.1% | — | 不變 |
| 36 | EQIX | Equinix Inc | +0.1% | — | 不變 |
| 37 | MSI | Motorola Solutions Inc | +0.1% | — | 不變 |
| 38 | RMD | Resmed Inc | +0.1% | +30.77% | 加碼 |
| 39 | CSX | Csx CORP | +0.1% | — | 不變 |
| 40 | DE | Deere & Co | +0.1% | — | 不變 |
| 41 | PG | Procter & Gamble Co/the | +0.1% | — | 不變 |
| 42 | CSCO | Cisco Systems Inc | +0.1% | — | 不變 |
| 43 | MRNA | Moderna Inc | +0.1% | — | 不變 |
| 44 | WAB | Wabtec CORP | +0.1% | — | 不變 |
| 45 | ✓ | Genpact Limited | +0.1% | +47.17% | 加碼 |
| 46 | JNJ | Johnson & Johnson | +0.1% | — | 不變 |
| 47 | TMUS | T-mobile US Inc | +0.1% | — | 不變 |
| 48 | ABBV | Abbvie Inc | +0.1% | — | 不變 |
| 49 | WELL | Welltower Inc | +0.1% | — | 不變 |
| 50 | MAR | Marriott International -cl A | +0.1% | — | 不變 |
根據 SEC 官方 Form 13F 申報備案，Bdf-gestion 在 Q1 2026 季度的美股持倉總市值約為 US$7.4億，共申報了 144 個公開持股部位。
在 Q1 2026 季度，Bdf-gestion 按市值排列的前三大核心持股分別為：NVDA (10.2%)、AAPL (9.8%)、MSFT (7.5%)。其中最大持股部位 NVDA 佔據整體投資組合約 10.2% 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
PEP
市值: US$481.4萬
本季最大獲利了結 / 清倉標的
EA
前期市值: US$457.9萬
在 Q1 2026 季度中，Bdf-gestion 共進行了 71 項持倉異動，包含新建倉 16 個部位、加碼 18 個部位、減碼 18 個部位以及清倉 19 個部位。 其中最大新建倉標的為 PEP。 本季清倉部位包含 EA。
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。