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: 0001350694
申報總市值
US$243.8億
US$243.8億
585 檔
25.5%
Q2 2025 季度申報顯示，Bridgewater Associates, LP 揭露的美股組合總市值為 US$243.8億，涵蓋 585 個不同之權益投資部位。
Q2 2025 的申報記錄反映 Bridgewater Associates, LP 的板塊替換策略：機構本季推動了 106 筆增持與 93 筆減持，籌碼呈現明顯的結構重組。
檢視投資組合結構，前 5 大主力部位（包含 SPY, IVV, NVDA）占據了總市值的 25.5%，展現出該機構在 Q2 2025 的重點資金聚焦與風險分佈特徵。
僅顯示前 200 大持股（共 585 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 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 6.51% | +3.63% | -21.90% | |
| 2 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 5.78% | +1.41% | +6.19% | |
| 3 | NVDA | Nvidia CORP | 股票-科技 | 4.61% | -0.48% | +154.37% | |
| 4 | IEMG | Ishares Core Msci Emerging | ETF-新興市場 | 4.16% | +0.03% | -9.36% | |
| 5 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 3.98% | -0.62% | +84.08% | |
| 6 | MSFT | Microsoft CORP | 股票-科技 | 3.44% | -0.70% | +111.88% | |
| 7 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.40% | -0.49% | +89.63% | |
| 8 | CRM | Salesforce Inc | 股票-科技 | 1.80% | — | +57.37% | |
| 9 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 1.78% | +0.03% | +13.55% | |
| 10 | GEV | GE Vernova Inc | 股票-工業 | 1.66% | -1.10% | +25.37% | |
| 11 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.41% | -0.06% | +667.79% | |
| 12 | UBER | Uber Technologies Inc | 股票-工業 | 1.41% | -0.01% | EXIT | |
| 13 | GLD | Spdr Gold Shares | ETF-避險與商品 | 1.36% | — | — | |
| 14 | FTNT | Fortinet Inc | 股票-科技 | 1.35% | — | +60.43% | |
| 15 | AVGO | Broadcom Inc | 股票-科技 | 1.28% | -0.50% | +23.09% | |
| 16 | PANW | Palo Alto Networks Inc | 股票-科技 | 1.27% | -0.01% | EXIT | |
| 17 | CMCSA | Comcast Corp-class A | 股票-通訊服務 | 1.25% | -0.06% | +71.15% | |
| 18 | WFC | Wells Fargo & Co | 股票-金融 | 1.15% | +0.06% | +3.88% | |
| 19 | ADBE | Adobe Inc | 股票-科技 | 1.14% | +0.07% | +25.06% | |
| 20 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.10% | -2.10% | -6.01% | |
| 21 | AMD | Advanced Micro Devices | 股票-科技 | 1.00% | +0.11% | -18.89% | |
| 22 | PYPL | Paypal Holdings Inc | 股票-金融 | 0.94% | +0.03% | -12.45% | |
| 23 | V | Visa Inc-class A Shares | 股票-金融 | 0.92% | +0.08% | -7.44% | |
| 24 | MO | Altria Group Inc | 股票-非循環性消費 | 0.89% | +0.01% | +13.79% | |
| 25 | SPOT | Spotify Technology S.A. | 股票-通訊服務 | 0.88% | -0.02% | +496.54% | |
| 26 | FISV | Fiserv Inc | 股票-其他 | 0.88% | — | +8.47% | |
| 27 | CI | THE Cigna Group | 股票-醫療保健 | 0.82% | -0.17% | +13.94% | |
| 28 | NOW | Servicenow Inc | 股票-科技 | 0.81% | +0.26% | NEW | |
| 29 | CHTR | Charter Communications Inc-a | 股票-通訊服務 | 0.72% | +0.04% | +103.38% | |
| 30 | DASH | Doordash Inc - A | 股票-循環性消費 | 0.71% | — | -3.84% | |
| 31 | BTI | British American Tob-sp Adr | 股票-非循環性消費 | 0.65% | -0.07% | +5.41% | |
| 32 | LRCX | Lam Research CORP | 股票-科技 | 0.64% | +0.17% | -16.40% | |
| 33 | VST | Vistra CORP | 股票-公用事業 | 0.64% | +0.26% | -49.72% | |
| 34 | HCA | Hca Healthcare Inc | 股票-醫療保健 | 0.63% | -0.05% | -5.14% | |
| 35 | MET | Metlife Inc | 股票-金融 | 0.61% | +0.02% | +5.66% | |
| 36 | PINS | Pinterest Inc- Class A | 股票-通訊服務 | 0.59% | -0.05% | EXIT | |
| 37 | EXPE | Expedia Group Inc | 股票-循環性消費 | 0.58% | +0.03% | -5.48% | |
| 38 | T | At&t Inc | 股票-通訊服務 | 0.58% | — | +77.63% | |
| 39 | EBAY | Ebay Inc | 股票-循環性消費 | 0.57% | +0.01% | +42.52% | |
| 40 | SE | Sea Ltd-adr | 股票-通訊服務 | 0.56% | -0.02% | +72.61% | |
| 41 | C | Citigroup Inc | 股票-金融 | 0.56% | -0.10% | -18.91% | |
| 42 | MBB | Ishares Mbs ETF | ETF-其他 | 0.55% | -0.04% | +0.87% | |
| 43 | NRG | Nrg Energy Inc | 股票-公用事業 | 0.53% | -0.21% | +24.90% | |
| 44 | CSCO | Cisco Systems Inc | 股票-科技 | 0.52% | -0.28% | EXIT | |
| 45 | BMY | Bristol-myers Squibb Co | 股票-醫療保健 | 0.50% | -0.07% | EXIT | |
| 46 | QCOM | Qualcomm Inc | 股票-科技 | 0.49% | -0.01% | -29.94% | |
| 47 | XYZ | Block Inc | 股票-金融 | 0.48% | +0.09% | -12.76% | |
| 48 | EWY | Ishares Msci South Korea ETF | ETF-其他 | 0.47% | +0.18% | +8.20% | |
| 49 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | ETF-投資等級公司債 | 0.46% | -0.03% | +1.09% | |
| 50 | EME | Emcor Group Inc | 股票-工業 | 0.45% | -0.13% | -5.12% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +3.2% | +154.37% | 加碼 |
| 2 | MSFT | Microsoft CORP | +2% | +111.88% | 加碼 |
| 3 | GOOGL | Alphabet Inc-cl A | +1.8% | +84.08% | 加碼 |
| 4 | META | Meta Platforms Inc-class A | +1.3% | +89.63% | 加碼 |
| 5 | UBER | Uber Technologies Inc | +1.2% | +531.15% | 加碼 |
| 6 | JNJ | Johnson & Johnson | +1.2% | +667.79% | 加碼 |
| 7 | GEV | GE Vernova Inc | +0.8% | +25.37% | 加碼 |
| 8 | SPOT | Spotify Technology S.A. | +0.8% | +496.54% | 加碼 |
| 9 | PANW | Palo Alto Networks Inc | +0.6% | +80.76% | 加碼 |
| 10 | AVGO | Broadcom Inc | +0.6% | +23.09% | 加碼 |
| 11 | CRM | Salesforce Inc | +0.5% | +57.37% | 加碼 |
| 12 | FTNT | Fortinet Inc | +0.5% | +60.43% | 加碼 |
| 13 | CSCO | Cisco Systems Inc | +0.5% | +644.23% | 加碼 |
| 14 | CMCSA | Comcast Corp-class A | +0.4% | +71.15% | 加碼 |
| 15 | BKNG | Booking Holdings Inc | +0.4% | +13.55% | 加碼 |
| 16 | CHTR | Charter Communications Inc-a | +0.4% | +103.38% | 加碼 |
| 17 | ABBV | Abbvie Inc | +0.4% | +470.06% | 加碼 |
| 18 | ARM | Arm Holdings Plc-adr | +0.3% | NEW | 新建倉 |
| 19 | XOM | Exxon Mobil CORP | +0.3% | +354.89% | 加碼 |
| 20 | SE | Sea Ltd-adr | +0.3% | +72.61% | 加碼 |
| 21 | NRG | Nrg Energy Inc | +0.2% | +24.90% | 加碼 |
| 22 | T | At&t Inc | +0.2% | +77.63% | 加碼 |
| 23 | TEAM | Atlassian Corp-cl A | +0.2% | +1312.17% | 加碼 |
| 24 | WDAY | Workday Inc-class A | +0.2% | +108.33% | 加碼 |
| 25 | EQIX | Equinix Inc | +0.2% | +5126.57% | 加碼 |
| 26 | INTU | Intuit Inc | +0.2% | NEW | 新建倉 |
| 27 | EQT | Eqt CORP | +0.2% | NEW | 新建倉 |
| 28 | CLS | Celestica Inc | +0.2% | -1.25% | 減碼 |
| 29 | GDDY | Godaddy Inc - Class A | +0.2% | +155.22% | 加碼 |
| 30 | LYFT | Lyft Inc-a | +0.2% | NEW | 新建倉 |
| 31 | EBAY | Ebay Inc | +0.2% | +42.52% | 加碼 |
| 32 | MRK | Merck & Co. Inc. | +0.2% | +115.14% | 加碼 |
| 33 | NTNX | Nutanix Inc - A | +0.1% | +96.86% | 加碼 |
| 34 | B | Barrick Mining CORP | +0.1% | NEW | 新建倉 |
| 35 | CVS | Cvs Health CORP | +0.1% | +170.00% | 加碼 |
| 36 | TLN | Talen Energy CORP | +0.1% | +193.90% | 加碼 |
| 37 | CAH | Cardinal Health Inc | +0.1% | +257.97% | 加碼 |
| 38 | REGN | Regeneron Pharmaceuticals | +0.1% | +324.22% | 加碼 |
| 39 | NTAP | Netapp Inc | +0.1% | +1720.33% | 加碼 |
| 40 | EW | Edwards Lifesciences CORP | +0.1% | +611.63% | 加碼 |
| 41 | COR | Cencora Inc | +0.1% | +725.76% | 加碼 |
| 42 | MRVL | Marvell Technology Inc | +0.1% | +1223.77% | 加碼 |
| 43 | IVV | Ishares Core S&p 500 ETF | +0.1% | +6.19% | 加碼 |
| 44 | TWLO | Twilio Inc - A | +0.1% | +113.82% | 加碼 |
| 45 | NXPI | NXP Semiconductors N.V. | +0.1% | +292.83% | 加碼 |
| 46 | VALE | Vale Sa-sp Adr | +0.1% | +309.10% | 加碼 |
| 47 | ULTA | Ulta Beauty Inc | +0.1% | NEW | 新建倉 |
| 48 | CTSH | Cognizant Tech Solutions-a | +0.1% | +898.26% | 加碼 |
| 49 | ADBE | Adobe Inc | +0.1% | +25.06% | 加碼 |
| 50 | AIG | American International Group | +0.1% | +313.21% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Bridgewater Associates, LP 在 Q2 2025 季度的美股持倉總市值約為 US$243.8億，共申報了 585 個公開持股部位。
在 Q2 2025 季度，Bridgewater Associates, LP 按市值排列的前三大核心持股分別為：SPY (6.5%)、IVV (5.8%)、NVDA (4.6%)。其中最大持股部位 SPY 佔據整體投資組合約 6.5% 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
ARM
市值: US$7662.0萬
本季最大獲利了結 / 清倉標的
BABA
前期市值: US$7.5億
在 Q2 2025 季度中，Bridgewater Associates, LP 共進行了 199 項持倉異動，包含新建倉 18 個部位、加碼 88 個部位、減碼 61 個部位以及清倉 32 個部位。 其中最大新建倉標的為 ARM。 本季清倉部位包含 BABA。
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。