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: 0000949012
申報總市值
US$25.5億
US$25.5億
297 檔
16.9%
Q3 2025 季度申報顯示，Berkshire Asset Management Llc/pa 揭露的美股組合總市值為 US$25.5億，涵蓋 297 個不同之權益投資部位。
在 Q3 2025，Berkshire Asset Management Llc/pa 進行了溫和的常態性持倉調整（包含新建倉 0 檔、加碼 23 檔、減碼 27 檔與清倉 0 檔），整體投資組合架構維持相對穩定。
整體而言，Berkshire Asset Management Llc/pa 的前 5 大持股（包含 JPM, MSFT, ABBV）貢獻了組合市值的 16.9%，形成該機構在 Q3 2025 季度的基本面基石。
僅顯示前 200 大持股（共 297 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 | JPM | Jpmorgan Chase & Co | 股票-金融 | 4.74% | +0.08% | -0.77% | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 4.12% | -0.22% | -0.24% | |
| 3 | ABBV | Abbvie Inc | 股票-醫療保健 | 3.74% | +0.22% | -0.89% | |
| 4 | AAPL | Apple Inc | 股票-科技 | 3.03% | +0.13% | +0.73% | |
| 5 | CVX | Chevron CORP | 股票-能源 | 2.63% | -0.93% | +1.60% | |
| 6 | BAC | Bank Of America CORP | 股票-金融 | 2.61% | +0.18% | -0.58% | |
| 7 | CSCO | Cisco Systems Inc | 股票-科技 | 2.55% | +1.10% | -1.04% | |
| 8 | TEL | TE Connectivity plc | 股票-科技 | 2.38% | -0.26% | -0.22% | |
| 9 | WM | Waste Management Inc | 股票-工業 | 2.19% | -0.25% | -0.71% | |
| 10 | QCOM | Qualcomm Inc | 股票-科技 | 2.15% | +0.53% | +0.84% | |
| 11 | MTB | M & T Bank CORP | 股票-金融 | 2.08% | +0.12% | +0.44% | |
| 12 | NUE | Nucor CORP | 股票-原物料 | 2.08% | +0.55% | -0.16% | |
| 13 | NSC | Norfolk Southern CORP | 股票-工業 | 2.02% | +0.01% | -0.15% | |
| 14 | EMR | Emerson Electric Co | 股票-工業 | 2.01% | — | -0.21% | |
| 15 | JNJ | Johnson & Johnson | 股票-醫療保健 | 2.00% | -0.13% | -0.33% | |
| 16 | HON | Honeywell International Inc | 股票-工業 | 1.92% | -2.09% | EXIT | |
| 17 | LMT | Lockheed Martin CORP | 股票-工業 | 1.84% | -0.50% | +0.06% | |
| 18 | DELL | Dell Technologies -c | 股票-科技 | 1.83% | +2.18% | +0.64% | |
| 19 | PPL | Ppl CORP | 股票-公用事業 | 1.83% | -0.23% | +0.31% | |
| 20 | ABT | Abbott Laboratories | 股票-醫療保健 | 1.74% | -0.23% | -0.59% | |
| 21 | WMT | Walmart Inc | 股票-非循環性消費 | 1.71% | -0.34% | +0.11% | |
| 22 | PNC | Pnc Financial Services Group | 股票-金融 | 1.71% | +0.15% | -0.49% | |
| 23 | MCD | Mcdonald's CORP | 股票-循環性消費 | 1.67% | -0.26% | +0.38% | |
| 24 | SCHW | Schwab (charles) CORP | 股票-金融 | 1.67% | -0.14% | -0.11% | |
| 25 | LEN | Lennar Corp-a | 股票-循環性消費 | 1.63% | -0.04% | +0.07% | |
| 26 | LOW | Lowe's Cos Inc | 股票-循環性消費 | 1.62% | -0.21% | +0.30% | |
| 27 | MDLZ | Mondelez International Inc-a | 股票-非循環性消費 | 1.57% | -0.11% | -1.45% | |
| 28 | CB | Chubb Limited | 股票-金融 | 1.55% | -0.08% | -0.49% | |
| 29 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 1.53% | -0.09% | -0.44% | |
| 30 | KMI | Kinder Morgan, Inc. | 股票-能源 | 1.47% | -0.22% | -0.31% | |
| 31 | DE | Deere & Co | 股票-工業 | 1.38% | +0.07% | -0.62% | |
| 32 | EOG | Eog Resources Inc | 股票-能源 | 1.27% | -0.30% | -1.17% | |
| 33 | AOS | Smith (a.o.) CORP | 股票-工業 | 1.21% | -0.11% | +4.03% | |
| 34 | HSY | Hershey Co/the | 股票-非循環性消費 | 1.18% | -0.28% | +2.00% | |
| 35 | BMY | Bristol-myers Squibb Co | 股票-醫療保健 | 1.04% | -0.19% | -5.63% | |
| 36 | PEP | Pepsico Inc | 股票-非循環性消費 | 1.04% | -0.23% | +0.71% | |
| 37 | SCHF | Schwab Intl Equity ETF | ETF-其他 | 1.04% | +0.09% | +1.87% | |
| 38 | WPC | Wp Carey Inc | 股票-房地產 | 0.95% | -0.02% | +0.37% | |
| 39 | GIS | General Mills Inc | 股票-非循環性消費 | 0.89% | -0.54% | -0.03% | |
| 40 | WFC | Wells Fargo & Co | 股票-金融 | 0.85% | -0.04% | -1.54% | |
| 41 | SCHM | Schwab US Mid Cap ETF | ETF-其他 | 0.84% | +0.11% | +2.16% | |
| 42 | VB | Vanguard Small-cap ETF | ETF-其他 | 0.84% | +0.03% | +2.84% | |
| 43 | VO | Vanguard Mid-cap ETF | ETF-其他 | 0.80% | +0.02% | -0.06% | |
| 44 | PHM | Pultegroup Inc | 股票-循環性消費 | 0.78% | +0.03% | -3.13% | |
| 45 | VEU | Vanguard Ftse All-world Ex-u | ETF-其他 | 0.76% | +0.03% | +7.68% | |
| 46 | SPSM | Ss Spdr P S&p 600 Small Cap | ETF-中小型股 | 0.75% | +0.13% | +2.57% | |
| 47 | SCHG | Schwab US Large-cap Growth | ETF-其他 | 0.61% | +0.03% | -4.76% | |
| 48 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.54% | +0.15% | +1.88% | |
| 49 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 0.54% | -0.01% | +1.99% | |
| 50 | SGOV | Ishares 0-3 Month Treasury B | ETF-政府公債 | 0.48% | — | +0.04% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | TEL | TE Connectivity plc | +0.5% | -0.22% | 減碼 |
| 2 | DELL | Dell Technologies -c | +0.5% | +0.64% | 加碼 |
| 3 | JPM | Jpmorgan Chase & Co | +0.4% | -0.77% | 減碼 |
| 4 | AAPL | Apple Inc | +0.4% | +0.73% | 加碼 |
| 5 | NSC | Norfolk Southern CORP | +0.4% | -0.15% | 加碼 |
| 6 | ABBV | Abbvie Inc | +0.3% | -0.89% | 減碼 |
| 7 | BAC | Bank Of America CORP | +0.2% | -0.58% | 減碼 |
| 8 | MSFT | Microsoft CORP | +0.2% | -0.24% | 減碼 |
| 9 | NUE | Nucor CORP | +0.2% | -0.16% | 加碼 |
| 10 | PNC | Pnc Financial Services Group | +0.1% | -0.49% | 減碼 |
| 11 | ORCL | Oracle CORP | +0.1% | +1.76% | 加碼 |
| 12 | MRP | Millrose Properties | +0.1% | +3.90% | 加碼 |
| 13 | CVX | Chevron CORP | +0.1% | +1.60% | 加碼 |
| 14 | JNJ | Johnson & Johnson | +0.1% | -0.33% | 減碼 |
| 15 | QCOM | Qualcomm Inc | +0.1% | +0.84% | 加碼 |
| 16 | PHM | Pultegroup Inc | +0.1% | -3.13% | 減碼 |
| 17 | AVGO | Broadcom Inc | +0.1% | +2.50% | 減碼 |
| 18 | GOOG | Alphabet Inc-cl C | +0.1% | +5.87% | 加碼 |
| 19 | NVDA | Nvidia CORP | +0.1% | +14.50% | 加碼 |
| 20 | EMR | Emerson Electric Co | +0.1% | -0.21% | 減碼 |
| 21 | VEU | Vanguard Ftse All-world Ex-u | +0.1% | +7.68% | 加碼 |
| 22 | GE | General Electric | +0.1% | -0.36% | 減碼 |
| 23 | GOOGL | Alphabet Inc-cl A | +0.1% | +3.48% | 加碼 |
| 24 | C | Citigroup Inc | +0.1% | -5.21% | 減碼 |
| 25 | LEN | Lennar Corp-a | 0% | +0.07% | 減碼 |
| 26 | VB | Vanguard Small-cap ETF | 0% | +2.84% | 加碼 |
| 27 | SPSM | Ss Spdr P S&p 600 Small Cap | 0% | +2.57% | 加碼 |
| 28 | SPY | Ss Spdr S&p 500 ETF Trust-us | 0% | +1.99% | 加碼 |
| 29 | SCHF | Schwab Intl Equity ETF | 0% | +1.87% | 加碼 |
| 30 | SCHG | Schwab US Large-cap Growth | 0% | -4.76% | 減碼 |
| 31 | CSCO | Cisco Systems Inc | 0% | -1.04% | 減碼 |
| 32 | SCHW | Schwab (charles) CORP | 0% | -0.11% | 減碼 |
| 33 | SCHM | Schwab US Mid Cap ETF | 0% | +2.16% | 加碼 |
| 34 | MTB | M & T Bank CORP | — | +0.44% | 加碼 |
| 35 | HSY | Hershey Co/the | — | +2.00% | 加碼 |
| 36 | WFC | Wells Fargo & Co | — | -1.54% | 減碼 |
| 37 | WPC | Wp Carey Inc | 0% | +0.37% | 加碼 |
| 38 | VO | Vanguard Mid-cap ETF | 0% | -0.06% | 減碼 |
| 39 | LOW | Lowe's Cos Inc | 0% | +0.30% | 減碼 |
| 40 | PEP | Pepsico Inc | 0% | +0.71% | 加碼 |
| 41 | AOS | Smith (a.o.) CORP | -0.1% | +4.03% | 加碼 |
| 42 | WMT | Walmart Inc | -0.1% | +0.11% | 減碼 |
| 43 | LMT | Lockheed Martin CORP | -0.1% | +0.06% | 減碼 |
| 44 | PPL | Ppl CORP | -0.1% | +0.31% | 加碼 |
| 45 | GIS | General Mills Inc | -0.2% | -0.03% | 減碼 |
| 46 | BMY | Bristol-myers Squibb Co | -0.3% | -5.63% | 減碼 |
| 47 | DE | Deere & Co | -0.3% | -0.62% | 減碼 |
| 48 | MDLZ | Mondelez International Inc-a | -0.3% | -1.45% | 減碼 |
| 49 | IWD | Ishares Russell 1000 Value E | -0.4% | -16.86% | 減碼 |
| 50 | WM | Waste Management Inc | -0.5% | -0.71% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Berkshire Asset Management Llc/pa 在 Q3 2025 季度的美股持倉總市值約為 US$25.5億，共申報了 297 個公開持股部位。
在 Q3 2025 季度，Berkshire Asset Management Llc/pa 按市值排列的前三大核心持股分別為：JPM (4.7%)、MSFT (4.1%)、ABBV (3.7%)。其中最大持股部位 JPM 佔據整體投資組合約 4.7% 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。
本季最大獲利了結 / 清倉標的
JPM
前期市值: US$9017.3萬
在 Q3 2025 季度中，Berkshire Asset Management Llc/pa 共進行了 50 項持倉異動，包含新建倉 0 個部位、加碼 23 個部位、減碼 27 個部位以及清倉 0 個部位。
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。