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: 0000902367
申報總市值
US$383.9億
US$383.9億
1867 檔
17.6%
截至 Q4 2025 季度末，Blair William & Co/il 的美股持倉估值約為 US$383.9億，全數申報部位共有 1867 檔。
在 Q4 2025，Blair William & Co/il 展現出較為審慎的避險與獲利了結姿態。本季共減碼 32 個部位並完全清倉 0 檔持股，調降曝險的部位數量高於加碼動作。
檢視投資組合結構，前 5 大主力部位（包含 MSFT, AAPL, AMZN）占據了總市值的 17.6%，展現出該機構在 Q4 2025 的重點資金聚焦與風險分佈特徵。
本季最大獲利了結 / 清倉標的
MSFT
前期市值: US$18.7億
僅顯示前 200 大持股（共 1867 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 | MSFT | Microsoft CORP | 股票-科技 | 4.64% | -0.36% | -0.90% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 4.34% | +0.01% | -0.71% | |
| 3 | AMZN | Amazon.com Inc | 股票-循環性消費 | 3.76% | +0.03% | +0.96% | |
| 4 | NVDA | Nvidia CORP | 股票-科技 | 2.75% | +0.09% | -2.67% | |
| 5 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 2.63% | +0.22% | -0.86% | |
| 6 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 2.09% | +0.23% | -1.28% | |
| 7 | JPM | Jpmorgan Chase & Co | 股票-金融 | 2.00% | — | +0.13% | |
| 8 | IDXX | Idexx Laboratories Inc | 股票-醫療保健 | 1.82% | -0.26% | -2.95% | |
| 9 | V | Visa Inc-class A Shares | 股票-金融 | 1.82% | +0.05% | -1.68% | |
| 10 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 1.57% | +0.07% | -0.18% | |
| 11 | MA | Mastercard Inc - A | 股票-金融 | 1.46% | -0.19% | -2.19% | |
| 12 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.30% | -0.20% | +8.45% | |
| 13 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 1.21% | -0.21% | -5.51% | |
| 14 | GEV | GE Vernova Inc | 股票-工業 | 1.14% | +0.36% | +3.85% | |
| 15 | APH | Amphenol Corp-cl A | 股票-科技 | 0.96% | +0.24% | -3.55% | |
| 16 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.94% | +0.23% | +8.43% | |
| 17 | NOW | Servicenow Inc | 股票-科技 | 0.91% | +0.04% | +454.99% | |
| 18 | UBER | Uber Technologies Inc | 股票-工業 | 0.90% | -0.15% | -3.29% | |
| 19 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 0.90% | +0.04% | +9.43% | |
| 20 | PGR | Progressive CORP | 股票-金融 | 0.86% | -0.10% | -2.23% | |
| 21 | DHR | Danaher CORP | 股票-醫療保健 | 0.84% | -0.22% | +0.48% | |
| 22 | AVGO | Broadcom Inc | 股票-科技 | 0.83% | +0.10% | +0.76% | |
| 23 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.82% | +0.01% | +5.85% | |
| 24 | SYK | Stryker CORP | 股票-醫療保健 | 0.80% | -0.24% | -8.11% | |
| 25 | FAST | Fastenal Co | 股票-工業 | 0.76% | -0.05% | +0.70% | |
| 26 | VEEV | Veeva Systems Inc-class A | 股票-醫療保健 | 0.74% | -0.19% | -4.71% | |
| 27 | ICE | Intercontinental Exchange In | 股票-金融 | 0.73% | -0.31% | -2.27% | |
| 28 | WMT | Walmart Inc | 股票-非循環性消費 | 0.72% | -0.18% | +0.26% | |
| 29 | HD | Home Depot Inc | 股票-循環性消費 | 0.70% | -0.08% | -1.27% | |
| 30 | AXP | American Express Co | 股票-金融 | 0.70% | — | -0.49% | |
| 31 | ISRG | Intuitive Surgical Inc | 股票-醫療保健 | 0.67% | -0.15% | -4.07% | |
| 32 | BWXT | Bwx Technologies Inc | 股票-工業 | 0.67% | -0.05% | +20.87% | |
| 33 | VOO | Vanguard S&p 500 ETF | ETF-大型股與成長 | 0.63% | +0.07% | +13.70% | |
| 34 | PANW | Palo Alto Networks Inc | 股票-科技 | 0.62% | +0.49% | +1.01% | |
| 35 | GWRE | Guidewire Software Inc | 股票-科技 | 0.61% | -0.19% | -2.03% | |
| 36 | WSO | Watsco Inc | 股票-工業 | 0.61% | — | -15.57% | |
| 37 | TDG | Transdigm Group Inc | 股票-工業 | 0.61% | +0.02% | -1.40% | |
| 38 | ECL | Ecolab Inc | 股票-原物料 | 0.60% | -0.04% | +8.02% | |
| 39 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.60% | -0.05% | +0.41% | |
| 40 | BX | Blackstone Inc | 股票-金融 | 0.57% | -0.08% | +0.54% | |
| 41 | P | Everpure Inc-a | 股票-科技 | 0.55% | +0.14% | -1.02% | |
| 42 | VEU | Vanguard Ftse All-world Ex-u | ETF-其他 | 0.54% | +0.08% | +19.64% | |
| 43 | APP | Applovin Corp-class A | 股票-科技 | 0.53% | — | -6.94% | |
| 44 | ABT | Abbott Laboratories | 股票-醫療保健 | 0.53% | -0.14% | -1.28% | |
| 45 | VEA | Vanguard Ftse Developed ETF | ETF-其他 | 0.53% | +0.09% | +3.42% | |
| 46 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.53% | -0.04% | +0.14% | |
| 47 | TYL | Tyler Technologies Inc | 股票-科技 | 0.50% | -0.11% | -2.79% | |
| 48 | CTAS | Cintas CORP | 股票-工業 | 0.50% | — | -1.09% | |
| 49 | WDAY | Workday Inc-class A | 股票-科技 | 0.48% | -0.04% | -6.10% | |
| 50 | AON | Aon plc | 股票-金融 | 0.47% | -0.08% | -6.32% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | GOOG | Alphabet Inc-cl C | +0.6% | -0.86% | 減碼 |
| 2 | GOOGL | Alphabet Inc-cl A | +0.5% | -1.28% | 減碼 |
| 3 | LLY | Eli Lilly & Co | +0.3% | +8.43% | 加碼 |
| 4 | AAPL | Apple Inc | +0.3% | -0.71% | 減碼 |
| 5 | AMZN | Amazon.com Inc | +0.3% | +0.96% | 加碼 |
| 6 | ISRG | Intuitive Surgical Inc | +0.1% | -4.07% | 減碼 |
| 7 | DHR | Danaher CORP | +0.1% | +0.48% | 加碼 |
| 8 | GEV | GE Vernova Inc | +0.1% | +3.85% | 加碼 |
| 9 | VEU | Vanguard Ftse All-world Ex-u | +0.1% | +19.64% | 加碼 |
| 10 | GLD | Spdr Gold Shares | +0.1% | +43.24% | 加碼 |
| 11 | IVV | Ishares Core S&p 500 ETF | +0.1% | +9.43% | 加碼 |
| 12 | MU | Micron Technology Inc | +0.1% | +0.03% | 加碼 |
| 13 | VOO | Vanguard S&p 500 ETF | +0.1% | +13.70% | 加碼 |
| 14 | BWXT | Bwx Technologies Inc | +0.1% | +20.87% | 加碼 |
| 15 | JLL | Jones Lang Lasalle Inc | +0.1% | +22.32% | 加碼 |
| 16 | MDB | Mongodb Inc | +0.1% | -2.04% | 減碼 |
| 17 | AXP | American Express Co | +0.1% | -0.49% | 減碼 |
| 18 | RSP | Invesco S&p 500 Equal Weight | +0.1% | +34.01% | 加碼 |
| 19 | TMO | Thermo Fisher Scientific Inc | +0.1% | +17.06% | 加碼 |
| 20 | VUG | Vanguard Growth ETF | +0.1% | +23.57% | 加碼 |
| 21 | SMMD | Ishares Russell 2500 ETF | +0.1% | +156.67% | 加碼 |
| 22 | NVDA | Nvidia CORP | -0.1% | -2.67% | 減碼 |
| 23 | NOW | Servicenow Inc | -0.1% | +454.99% | 加碼 |
| 24 | ADBE | Adobe Inc | -0.1% | -19.03% | 減碼 |
| 25 | AMT | American Tower CORP | -0.1% | -13.27% | 減碼 |
| 26 | APP | Applovin Corp-class A | -0.1% | -6.94% | 減碼 |
| 27 | PGR | Progressive CORP | -0.1% | -2.23% | 減碼 |
| 28 | TYL | Tyler Technologies Inc | -0.1% | -2.79% | 減碼 |
| 29 | WDAY | Workday Inc-class A | -0.1% | -6.10% | 減碼 |
| 30 | SYK | Stryker CORP | -0.1% | -8.11% | 減碼 |
| 31 | NFLX | Netflix Inc | -0.1% | +902.26% | 加碼 |
| 32 | GWRE | Guidewire Software Inc | -0.1% | -2.03% | 減碼 |
| 33 | MSI | Motorola Solutions Inc | -0.1% | -35.45% | 減碼 |
| 34 | CMG | Chipotle Mexican Grill Inc | -0.1% | -58.01% | 減碼 |
| 35 | AAON | Aaon Inc | -0.1% | -7.71% | 減碼 |
| 36 | CPRT | Copart Inc | -0.1% | -6.83% | 減碼 |
| 37 | CWAN | Clearwater Analytics Holdings, Inc. | -0.1% | -52.72% | 減碼 |
| 38 | ORCL | Oracle CORP | -0.1% | -6.42% | 減碼 |
| 39 | HD | Home Depot Inc | -0.1% | -1.27% | 減碼 |
| 40 | P | Everpure Inc-a | -0.1% | -1.02% | 減碼 |
| 41 | COST | Costco Wholesale CORP | -0.2% | -5.51% | 減碼 |
| 42 | FAST | Fastenal Co | -0.2% | +0.70% | 加碼 |
| 43 | POOL | Pool CORP | -0.2% | -75.07% | 減碼 |
| 44 | ZTS | Zoetis Inc | -0.2% | -28.84% | 減碼 |
| 45 | UBER | Uber Technologies Inc | -0.2% | -3.29% | 減碼 |
| 46 | WSO | Watsco Inc | -0.3% | -15.57% | 減碼 |
| 47 | VEEV | Veeva Systems Inc-class A | -0.3% | -4.71% | 減碼 |
| 48 | MSFT | Microsoft CORP | -0.3% | -0.90% | 減碼 |
| 49 | CSGP | Costar Group Inc | -0.3% | -35.32% | 減碼 |
| 50 | FISV | Fiserv Inc | -0.6% | -70.62% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Blair William & Co/il 在 Q4 2025 季度的美股持倉總市值約為 US$383.9億，共申報了 1867 個公開持股部位。
在 Q4 2025 季度，Blair William & Co/il 按市值排列的前三大核心持股分別為：MSFT (4.6%)、AAPL (4.3%)、AMZN (3.8%)。其中最大持股部位 MSFT 佔據整體投資組合約 4.6% 的權重。
在 Q4 2025 季度中，Blair William & Co/il 共進行了 50 項持倉異動，包含新建倉 0 個部位、加碼 18 個部位、減碼 32 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。
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。
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。