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: 0001681004
申報總市值
US$3.7億
US$3.7億
59 檔
32.1%
Q4 2025 季度申報顯示，Bell Asset Management Ltd 揭露的美股組合總市值為 US$3.7億，涵蓋 59 個不同之權益投資部位。
在 Q4 2025，Bell Asset Management Ltd 操作展現出積極擴展與加碼意向。本季共新建倉 6 個新部位，並對 38 個既有持股進行加碼（合計增持 44 檔），相較減碼與清倉部位顯著佔優。
檢視投資組合結構，前 5 大主力部位（包含 NVDA, GOOGL, MSFT）占據了總市值的 32.1%，展現出該機構在 Q4 2025 的重點資金聚焦與風險分佈特徵。
| # | 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 | 8.27% | -0.11% | +8.60% | |
| 2 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 6.82% | +0.81% | -12.84% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 6.80% | -1.03% | +6.56% | |
| 4 | AMZN | Amazon.com Inc | 股票-循環性消費 | 5.15% | -0.27% | +1.50% | |
| 5 | AAPL | Apple Inc | 股票-科技 | 5.09% | -2.61% | -28.63% | |
| 6 | AVGO | Broadcom Inc | 股票-科技 | 3.07% | +0.32% | +56.49% | |
| 7 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.53% | +0.94% | +1.52% | |
| 8 | V | Visa Inc-class A Shares | 股票-金融 | 2.33% | +0.11% | +12.46% | |
| 9 | JPM | Jpmorgan Chase & Co | 股票-金融 | 2.25% | +0.08% | — | |
| 10 | ACN | Accenture plc | 股票-科技 | 1.75% | -0.15% | -0.36% | |
| 11 | MA | Mastercard Inc - A | 股票-金融 | 1.74% | +0.16% | +16.89% | |
| 12 | MSI | Motorola Solutions Inc | 股票-科技 | 1.65% | +0.11% | +74.82% | |
| 13 | MRSH | Marsh & Mclennan Cos | 股票-金融 | 1.61% | -0.18% | -11.59% | |
| 14 | WM | Waste Management Inc | 股票-工業 | 1.59% | -0.15% | +20.35% | |
| 15 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 1.57% | -0.06% | +24.02% | |
| 16 | ORCL | Oracle CORP | 股票-科技 | 1.56% | -0.21% | +164.39% | |
| 17 | AON | Aon plc | 股票-金融 | 1.51% | -0.38% | -16.43% | |
| 18 | PCTY | Paylocity Holding CORP | 股票-科技 | 1.51% | -0.26% | +28.08% | |
| 19 | SPGI | S&p Global Inc | 股票-金融 | 1.48% | -0.17% | +22.80% | |
| 20 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 1.46% | -0.03% | -13.06% | |
| 21 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 1.36% | -0.16% | +16.65% | |
| 22 | UBER | Uber Technologies Inc | 股票-工業 | 1.32% | -0.31% | +1.65% | |
| 23 | HD | Home Depot Inc | 股票-循環性消費 | 1.28% | — | +91.36% | |
| 24 | FBIN | Fortune Brands Innovations I | 股票-工業 | 1.25% | — | +43.74% | |
| 25 | BJ | Bj's Wholesale Club Holdings | 股票-非循環性消費 | 1.25% | -0.18% | +14.81% | |
| 26 | NKE | Nike Inc -cl B | 股票-循環性消費 | 1.23% | — | — | |
| 27 | ZTS | Zoetis Inc | 股票-醫療保健 | 1.19% | -0.52% | +20.11% | |
| 28 | SNPS | Synopsys Inc | 股票-科技 | 1.17% | — | +8.86% | |
| 29 | MSCI | Msci Inc | 股票-金融 | 1.17% | -0.20% | -8.13% | |
| 30 | SCI | Service CORP International | 股票-循環性消費 | 1.17% | -0.25% | +1.71% | |
| 31 | KEYS | Keysight Technologies In | 股票-科技 | 1.16% | -0.99% | EXIT | |
| 32 | ODFL | Old Dominion Freight Line | 股票-工業 | 1.16% | — | +25.66% | |
| 33 | VEEV | Veeva Systems Inc-class A | 股票-醫療保健 | 1.11% | -0.09% | +33.10% | |
| 34 | DXCM | Dexcom Inc | 股票-醫療保健 | 1.11% | -0.02% | +97.70% | |
| 35 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 1.08% | -0.02% | +0.27% | |
| 36 | HLI | Houlihan Lokey Inc | 股票-金融 | 1.07% | -0.15% | +19.32% | |
| 37 | BR | Broadridge Financial Solutio | 股票-科技 | 1.07% | -0.08% | +47.77% | |
| 38 | TSCO | Tractor Supply Company | 股票-循環性消費 | 1.07% | -0.24% | +55.95% | |
| 39 | GWW | Ww Grainger Inc | 股票-工業 | 1.07% | -0.98% | EXIT | |
| 40 | CNM | Core & Main Inc-class A | 股票-工業 | 1.06% | -0.11% | +1.72% | |
| 41 | CLH | Clean Harbors Inc | 股票-工業 | 1.04% | — | -16.97% | |
| 42 | MANH | Manhattan Associates Inc | 股票-科技 | 1.03% | -0.24% | +52.21% | |
| 43 | POOL | Pool CORP | 股票-工業 | 1.03% | -0.97% | EXIT | |
| 44 | TER | Teradyne Inc | 股票-科技 | 1.02% | — | -48.02% | |
| 45 | LPLA | Lpl Financial Holdings Inc | 股票-金融 | 0.98% | -0.03% | — | |
| 46 | CPRT | Copart Inc | 股票-工業 | 0.95% | -0.86% | EXIT | |
| 47 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 0.95% | +0.32% | -21.85% | |
| 48 | SFM | Sprouts Farmers Market Inc | 股票-非循環性消費 | 0.94% | — | — | |
| 49 | COR | Cencora Inc | 股票-醫療保健 | 0.92% | +0.17% | -32.07% | |
| 50 | WMS | Advanced Drainage Systems In | 股票-工業 | 0.91% | +0.63% | -10.10% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | AVGO | Broadcom Inc | +1.2% | +56.49% | 加碼 |
| 2 | ORCL | Oracle CORP | +0.7% | +164.39% | 加碼 |
| 3 | GOOGL | Alphabet Inc-cl A | +0.6% | -12.84% | 減碼 |
| 4 | NVDA | Nvidia CORP | +0.5% | +8.60% | 加碼 |
| 5 | DXCM | Dexcom Inc | +0.5% | +97.70% | 加碼 |
| 6 | MSI | Motorola Solutions Inc | +0.5% | +74.82% | 加碼 |
| 7 | HD | Home Depot Inc | +0.5% | +91.36% | 加碼 |
| 8 | TMO | Thermo Fisher Scientific Inc | +0.4% | +16.65% | 加碼 |
| 9 | SPGI | S&p Global Inc | +0.3% | +22.80% | 加碼 |
| 10 | ODFL | Old Dominion Freight Line | +0.3% | +25.66% | 加碼 |
| 11 | FBIN | Fortune Brands Innovations I | +0.3% | +43.74% | 加碼 |
| 12 | BR | Broadridge Financial Solutio | +0.3% | +47.77% | 加碼 |
| 13 | V | Visa Inc-class A Shares | +0.3% | +12.46% | 加碼 |
| 14 | TSCO | Tractor Supply Company | +0.3% | +55.95% | 加碼 |
| 15 | PCTY | Paylocity Holding CORP | +0.3% | +28.08% | 加碼 |
| 16 | AMZN | Amazon.com Inc | +0.2% | +1.50% | 加碼 |
| 17 | WM | Waste Management Inc | +0.2% | +20.35% | 加碼 |
| 18 | MA | Mastercard Inc - A | +0.2% | +16.89% | 加碼 |
| 19 | MANH | Manhattan Associates Inc | +0.2% | +52.21% | 加碼 |
| 20 | PG | Procter & Gamble Co/the | +0.2% | +24.02% | 加碼 |
| 21 | ACN | Accenture plc | +0.1% | -0.36% | 減碼 |
| 22 | BJ | Bj's Wholesale Club Holdings | +0.1% | +14.81% | 加碼 |
| 23 | BOOT | Boot Barn Holdings Inc | +0.1% | +8.33% | 加碼 |
| 24 | CSCO | Cisco Systems Inc | +0.1% | +1.16% | 加碼 |
| 25 | POOL | Pool CORP | +0.1% | +49.76% | 加碼 |
| 26 | MCO | Moody's CORP | 0% | +0.65% | 加碼 |
| 27 | TTC | Toro Co | 0% | +1.75% | 加碼 |
| 28 | KEYS | Keysight Technologies In | 0% | -11.18% | 減碼 |
| 29 | ZTS | Zoetis Inc | 0% | +20.11% | 加碼 |
| 30 | SNPS | Synopsys Inc | 0% | +8.86% | 加碼 |
| 31 | MTD | Mettler-toledo International | 0% | -8.79% | 減碼 |
| 32 | HLI | Houlihan Lokey Inc | 0% | +19.32% | 加碼 |
| 33 | VEEV | Veeva Systems Inc-class A | 0% | +33.10% | 加碼 |
| 34 | CNM | Core & Main Inc-class A | 0% | +1.72% | 加碼 |
| 35 | BKNG | Booking Holdings Inc | 0% | +0.27% | 加碼 |
| 36 | COST | Costco Wholesale CORP | 0% | +1.24% | 加碼 |
| 37 | WMS | Advanced Drainage Systems In | -0.1% | -10.10% | 減碼 |
| 38 | SCI | Service CORP International | -0.1% | +1.71% | 加碼 |
| 39 | MSCI | Msci Inc | -0.1% | -8.13% | 減碼 |
| 40 | CPRT | Copart Inc | -0.1% | +1.63% | 加碼 |
| 41 | MSFT | Microsoft CORP | -0.2% | +6.56% | 加碼 |
| 42 | TSM | Taiwan Semiconductor-sp Adr | -0.2% | -21.85% | 減碼 |
| 43 | CLH | Clean Harbors Inc | -0.2% | -16.97% | 減碼 |
| 44 | UBER | Uber Technologies Inc | -0.3% | +1.65% | 加碼 |
| 45 | META | Meta Platforms Inc-class A | -0.3% | +1.52% | 加碼 |
| 46 | UNH | Unitedhealth Group Inc | -0.3% | -13.06% | 減碼 |
| 47 | AON | Aon plc | -0.4% | -16.43% | 減碼 |
| 48 | COR | Cencora Inc | -0.4% | -32.07% | 減碼 |
| 49 | MRSH | Marsh & Mclennan Cos | -0.4% | -11.59% | 減碼 |
| 50 | TER | Teradyne Inc | -0.4% | -48.02% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Bell Asset Management Ltd 在 Q4 2025 季度的美股持倉總市值約為 US$3.7億，共申報了 59 個公開持股部位。
在 Q4 2025 季度，Bell Asset Management Ltd 按市值排列的前三大核心持股分別為：NVDA (8.3%)、GOOGL (6.8%)、MSFT (6.8%)。其中最大持股部位 NVDA 佔據整體投資組合約 8.3% 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
JPM
市值: US$842.3萬
本季最大獲利了結 / 清倉標的
FISV
前期市值: US$583.6萬
在 Q4 2025 季度中，Bell Asset Management Ltd 共進行了 69 項持倉異動，包含新建倉 6 個部位、加碼 38 個部位、減碼 15 個部位以及清倉 10 個部位。 其中最大新建倉標的為 JPM。 本季清倉部位包含 FISV。
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。