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: 0000894300
申報總市值
US$4.8億
US$4.8億
46 檔
53.2%
在 Q3 2025 的 13F 官方備案中，Bender Robert & Associates 管理的美股投資組合規模來到 US$4.8億，整體持股檔數為 46 檔。
數據顯示 Bender Robert & Associates 於 Q3 2025 季度持續回收資金，對 35 個既有部位進行裁減並清倉 1 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，Bender Robert & Associates 的前 5 大核心持股（包含 NVDA, AAPL, ISRG 等）合計佔整體申報市值的 53.2%，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 | 19.96% | -0.50% | -2.31% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 16.02% | -0.50% | -2.54% | |
| 3 | ISRG | Intuitive Surgical Inc | 股票-醫療保健 | 7.05% | -1.92% | -0.61% | |
| 4 | AMZN | Amazon.com Inc | 股票-循環性消費 | 6.24% | -0.08% | -1.04% | |
| 5 | MELI | Mercadolibre Inc | 股票-循環性消費 | 6.12% | -0.71% | -1.03% | |
| 6 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 6.02% | -0.76% | -1.34% | |
| 7 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 3.75% | +0.14% | -2.88% | |
| 8 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 3.05% | +0.30% | -1.04% | |
| 9 | LLY | Eli Lilly & Co | 股票-醫療保健 | 3.00% | +0.53% | -0.85% | |
| 10 | ULTA | Ulta Beauty Inc | 股票-循環性消費 | 2.65% | -0.66% | -1.26% | |
| 11 | NOW | Servicenow Inc | 股票-科技 | 2.48% | -0.25% | -0.37% | |
| 12 | PANW | Palo Alto Networks Inc | 股票-科技 | 2.38% | +1.82% | +1.21% | |
| 13 | MSFT | Microsoft CORP | 股票-科技 | 2.24% | -0.20% | -1.49% | |
| 14 | VRTX | Vertex Pharmaceuticals Inc | 股票-醫療保健 | 2.23% | -0.08% | -1.43% | |
| 15 | AMD | Advanced Micro Devices | 股票-科技 | 2.21% | +4.32% | -1.47% | |
| 16 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 2.15% | -0.16% | -1.02% | |
| 17 | CB | Chubb Limited | 股票-金融 | 2.01% | -0.23% | +0.66% | |
| 18 | ADBE | Adobe Inc | 股票-科技 | 1.82% | -0.38% | -0.95% | |
| 19 | LULU | Lululemon Athletica Inc | 股票-循環性消費 | 1.67% | -0.55% | -1.91% | |
| 20 | CMG | Chipotle Mexican Grill Inc | 股票-循環性消費 | 1.12% | — | -6.47% | |
| 21 | SBUX | Starbucks CORP | 股票-循環性消費 | 0.82% | -0.01% | -1.44% | |
| 22 | ILMN | Illumina Inc | 股票-醫療保健 | 0.81% | +0.27% | -0.61% | |
| 23 | HD | Home Depot Inc | 股票-循環性消費 | 0.78% | -0.04% | -0.97% | |
| 24 | DIS | Walt Disney Co/the | 股票-通訊服務 | 0.74% | -0.09% | -5.16% | |
| 25 | NEE | Nextera Energy Inc | 股票-公用事業 | 0.59% | -0.13% | -0.21% | |
| 26 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.28% | -0.06% | -2.84% | |
| 27 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.17% | -0.01% | -0.19% | |
| 28 | URGN | UroGen Pharma Ltd. | 股票-其他 | 0.15% | -0.15% | EXIT | |
| 29 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.15% | +0.01% | -10.50% | |
| 30 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.14% | -0.02% | -0.56% | |
| 31 | GEV | GE Vernova Inc | 股票-工業 | 0.14% | +0.38% | — | |
| 32 | ORCL | Oracle CORP | 股票-科技 | 0.12% | -0.01% | — | |
| 33 | ABT | Abbott Laboratories | 股票-醫療保健 | 0.12% | -0.02% | -1.22% | |
| 34 | CAT | Caterpillar Inc | 股票-工業 | 0.11% | +0.04% | — | |
| 35 | DE | Deere & Co | 股票-工業 | 0.10% | — | — | |
| 36 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.09% | -0.01% | -2.04% | |
| 37 | V | Visa Inc-class A Shares | 股票-金融 | 0.07% | -0.06% | EXIT | |
| 38 | NUE | Nucor CORP | 股票-原物料 | 0.07% | +0.02% | — | |
| 39 | GILD | Gilead Sciences Inc | 股票-醫療保健 | 0.07% | -0.02% | -1.74% | |
| 40 | AVGO | Broadcom Inc | 股票-科技 | 0.06% | — | — | |
| 41 | RSP | Invesco S&p 500 Equal Weight | ETF-大型股與成長 | 0.05% | — | — | |
| 42 | AEP | American Electric Power | 股票-公用事業 | 0.05% | -0.06% | EXIT | |
| 43 | DUK | Duke Energy CORP | 股票-公用事業 | 0.05% | — | — | |
| 44 | PLSE | Pulse Biosciences Inc | 股票-其他 | 0.04% | -0.06% | EXIT | |
| 45 | BCRX | Biocryst Pharmaceuticals Inc | 股票-其他 | 0.04% | -0.05% | EXIT | |
| 46 | EOLS | Evolus Inc | 股票-其他 | 0.03% | -0.02% | EXIT |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +5.9% | -2.31% | 減碼 |
| 2 | GOOG | Alphabet Inc-cl C | +0.8% | -2.88% | 減碼 |
| 3 | GOOGL | Alphabet Inc-cl A | +0.8% | -1.04% | 減碼 |
| 4 | ULTA | Ulta Beauty Inc | +0.5% | -1.26% | 減碼 |
| 5 | AMD | Advanced Micro Devices | +0.5% | -1.47% | 減碼 |
| 6 | META | Meta Platforms Inc-class A | +0.4% | -1.34% | 減碼 |
| 7 | MSFT | Microsoft CORP | +0.3% | -1.49% | 減碼 |
| 8 | ORCL | Oracle CORP | +0.1% | — | 不變 |
| 9 | PANW | Palo Alto Networks Inc | 0% | +1.21% | 減碼 |
| 10 | MELI | Mercadolibre Inc | 0% | -1.03% | 減碼 |
| 11 | CAT | Caterpillar Inc | 0% | — | 減碼 |
| 12 | ILMN | Illumina Inc | 0% | -0.61% | 減碼 |
| 13 | JPM | Jpmorgan Chase & Co | 0% | -0.19% | 減碼 |
| 14 | NUE | Nucor CORP | — | — | 不變 |
| 15 | JNJ | Johnson & Johnson | 0% | -0.56% | 減碼 |
| 16 | GILD | Gilead Sciences Inc | 0% | -1.74% | 減碼 |
| 17 | AEP | American Electric Power | 0% | — | 不變 |
| 18 | DUK | Duke Energy CORP | 0% | — | 不變 |
| 19 | MRK | Merck & Co. Inc. | 0% | -2.04% | 減碼 |
| 20 | DE | Deere & Co | 0% | — | 減碼 |
| 21 | V | Visa Inc-class A Shares | 0% | -4.47% | 減碼 |
| 22 | ABT | Abbott Laboratories | 0% | -1.22% | 減碼 |
| 23 | ABBV | Abbvie Inc | 0% | -10.50% | 減碼 |
| 24 | BKNG | Booking Holdings Inc | 0% | -1.02% | 減碼 |
| 25 | NEE | Nextera Energy Inc | -0.1% | -0.21% | 減碼 |
| 26 | HD | Home Depot Inc | -0.1% | -0.97% | 減碼 |
| 27 | DIS | Walt Disney Co/the | -0.1% | -5.16% | 減碼 |
| 28 | COST | Costco Wholesale CORP | -0.1% | -2.84% | 減碼 |
| 29 | NOW | Servicenow Inc | -0.1% | -0.37% | 減碼 |
| 30 | AMZN | Amazon.com Inc | -0.2% | -1.04% | 減碼 |
| 31 | SBUX | Starbucks CORP | -0.3% | -1.44% | 減碼 |
| 32 | ADBE | Adobe Inc | -0.5% | -0.95% | 減碼 |
| 33 | CB | Chubb Limited | -0.6% | +0.66% | 減碼 |
| 34 | CMG | Chipotle Mexican Grill Inc | -0.7% | -6.47% | 減碼 |
| 35 | LLY | Eli Lilly & Co | -0.8% | -0.85% | 減碼 |
| 36 | VRTX | Vertex Pharmaceuticals Inc | -1.1% | -1.43% | 減碼 |
| 37 | AAPL | Apple Inc | -1.1% | -2.54% | 減碼 |
| 38 | LULU | Lululemon Athletica Inc | -1.5% | -1.91% | 減碼 |
| 39 | ISRG | Intuitive Surgical Inc | -2.3% | -0.61% | 減碼 |
| 40 | URGN | UroGen Pharma Ltd. | — | NEW | 新建倉 |
| 41 | GEV | GE Vernova Inc | — | NEW | 新建倉 |
| 42 | AVGO | Broadcom Inc | — | NEW | 新建倉 |
| 43 | RSP | Invesco S&p 500 Equal Weight | — | NEW | 新建倉 |
| 44 | PAYX | Paychex Inc | — | EXIT | 清倉 |
| 45 | PLSE | Pulse Biosciences Inc | — | NEW | 新建倉 |
| 46 | BCRX | Biocryst Pharmaceuticals Inc | — | NEW | 新建倉 |
| 47 | EOLS | Evolus Inc | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Bender Robert & Associates 在 Q3 2025 季度的美股持倉總市值約為 US$4.8億，共申報了 46 個公開持股部位。
在 Q3 2025 季度，Bender Robert & Associates 按市值排列的前三大核心持股分別為：NVDA (20.0%)、AAPL (16.0%)、ISRG (7.0%)。其中最大持股部位 NVDA 佔據整體投資組合約 20.0% 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
URGN
市值: US$69.2萬
本季最大獲利了結 / 清倉標的
PAYX
前期市值: US$22.4萬
在 Q3 2025 季度中，Bender Robert & Associates 共進行了 43 項持倉異動，包含新建倉 7 個部位、加碼 0 個部位、減碼 35 個部位以及清倉 1 個部位。 其中最大新建倉標的為 URGN。 本季清倉部位包含 PAYX。
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。