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
1014 檔
25.1%
Bridgewater Associates, LP 在 Q3 2025 季度的美股部位總計估值為 US$243.8億，分散於 1014 個持倉標的之中，反映其市場參與廣度與投資規模。
Bridgewater Associates, LP 於 Q3 2025 展現出進攻型調倉步調，本季推動了 38 檔股票的新建倉與 76 檔既有部位加碼，整體資金傾向擴大在美股市場的曝險佈局。
在資產配置集中度方面，Bridgewater Associates, LP 的前 5 大核心持股（包含 IVV, SPY, GOOGL 等）合計佔整體申報市值的 25.1%，反映機構在主要關鍵部位上的權重分佈。
本季最大新建倉標的
RDDT
市值: US$1.4億
本季最大獲利了結 / 清倉標的
BABA
前期市值: US$7.5億
僅顯示前 200 大持股（共 1014 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 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 10.62% | +1.41% | +75.31% | |
| 2 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 6.69% | +3.63% | -1.73% | |
| 3 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 2.53% | -0.62% | -52.61% | |
| 4 | MSFT | Microsoft CORP | 股票-科技 | 2.23% | -0.70% | -36.03% | |
| 5 | CRM | Salesforce Inc | 股票-科技 | 1.86% | — | +22.41% | |
| 6 | NVDA | Nvidia CORP | 股票-科技 | 1.83% | -0.48% | -65.28% | |
| 7 | LRCX | Lam Research CORP | 股票-科技 | 1.82% | +0.17% | +111.38% | |
| 8 | ADBE | Adobe Inc | 股票-科技 | 1.74% | +0.07% | +73.09% | |
| 9 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 1.64% | +0.03% | +2.07% | |
| 10 | GEV | GE Vernova Inc | 股票-工業 | 1.57% | -1.10% | -16.34% | |
| 11 | UBER | Uber Technologies Inc | 股票-工業 | 1.38% | -0.01% | EXIT | |
| 12 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.25% | -0.06% | -24.83% | |
| 13 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.20% | -0.49% | -48.34% | |
| 14 | AMD | Advanced Micro Devices | 股票-科技 | 1.14% | +0.11% | +2.25% | |
| 15 | SE | Sea Ltd-adr | 股票-通訊服務 | 1.12% | -0.02% | +83.93% | |
| 16 | AVGO | Broadcom Inc | 股票-科技 | 1.09% | -0.50% | -26.68% | |
| 17 | NOW | Servicenow Inc | 股票-科技 | 1.09% | +0.26% | NEW | |
| 18 | WDAY | Workday Inc-class A | 股票-科技 | 0.98% | +0.01% | NEW | |
| 19 | AMZN | Amazon.com Inc | 股票-循環性消費 | 0.97% | -2.10% | -9.56% | |
| 20 | MO | Altria Group Inc | 股票-非循環性消費 | 0.96% | +0.01% | -2.00% | |
| 21 | V | Visa Inc-class A Shares | 股票-金融 | 0.90% | +0.08% | +4.91% | |
| 22 | CMCSA | Comcast Corp-class A | 股票-通訊服務 | 0.84% | -0.06% | -21.23% | |
| 23 | WFC | Wells Fargo & Co | 股票-金融 | 0.83% | +0.06% | -28.56% | |
| 24 | MA | Mastercard Inc - A | 股票-金融 | 0.82% | -0.01% | EXIT | |
| 25 | FISV | Fiserv Inc | 股票-其他 | 0.80% | — | +26.25% | |
| 26 | BTI | British American Tob-sp Adr | 股票-非循環性消費 | 0.78% | -0.07% | +9.79% | |
| 27 | PYPL | Paypal Holdings Inc | 股票-金融 | 0.74% | +0.03% | -10.33% | |
| 28 | CI | THE Cigna Group | 股票-醫療保健 | 0.68% | -0.17% | -2.19% | |
| 29 | EWY | Ishares Msci South Korea ETF | ETF-其他 | 0.64% | +0.18% | +25.04% | |
| 30 | EXPE | Expedia Group Inc | 股票-循環性消費 | 0.61% | +0.03% | -13.76% | |
| 31 | HCA | Hca Healthcare Inc | 股票-醫療保健 | 0.57% | -0.05% | -16.26% | |
| 32 | RDDT | Reddit Inc-cl A | 股票-通訊服務 | 0.56% | +0.14% | — | |
| 33 | MET | Metlife Inc | 股票-金融 | 0.53% | +0.02% | -12.27% | |
| 34 | VWO | Vanguard Ftse Emerging Marke | ETF-新興市場 | 0.53% | +0.01% | +34.80% | |
| 35 | PINS | Pinterest Inc- Class A | 股票-通訊服務 | 0.52% | -0.05% | EXIT | |
| 36 | REGN | Regeneron Pharmaceuticals | 股票-醫療保健 | 0.52% | +0.05% | +164.33% | |
| 37 | MBB | Ishares Mbs ETF | ETF-其他 | 0.51% | -0.04% | -7.20% | |
| 38 | C | Citigroup Inc | 股票-金融 | 0.50% | -0.10% | -22.70% | |
| 39 | CSCO | Cisco Systems Inc | 股票-科技 | 0.48% | -0.28% | EXIT | |
| 40 | KLAC | Kla CORP | 股票-科技 | 0.48% | -0.30% | +350.58% | |
| 41 | NXPI | NXP Semiconductors N.V. | 股票-科技 | 0.47% | +0.16% | +217.05% | |
| 42 | HOOD | Robinhood Markets Inc - A | 股票-金融 | 0.45% | — | — | |
| 43 | ORCL | Oracle CORP | 股票-科技 | 0.45% | -0.19% | +21.74% | |
| 44 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | ETF-投資等級公司債 | 0.42% | -0.03% | -7.03% | |
| 45 | GPN | Global Payments Inc | 股票-工業 | 0.41% | +0.05% | NEW | |
| 46 | ANET | Arista Networks Inc | 股票-科技 | 0.39% | -0.55% | -24.45% | |
| 47 | EBAY | Ebay Inc | 股票-循環性消費 | 0.38% | +0.01% | -43.92% | |
| 48 | AMAT | Applied Materials Inc | 股票-科技 | 0.37% | +0.01% | — | |
| 49 | MFC | Manulife Financial CORP | 股票-金融 | 0.37% | -0.21% | -4.53% | |
| 50 | GRAB | Grab Holdings Limited | 股票-科技 | 0.36% | -0.03% | +43.43% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | IVV | Ishares Core S&p 500 ETF | +5% | +75.31% | 加碼 |
| 2 | UBER | Uber Technologies Inc | +1.2% | -3.47% | 加碼 |
| 3 | LRCX | Lam Research CORP | +1.2% | +111.38% | 加碼 |
| 4 | JNJ | Johnson & Johnson | +1% | -24.83% | 加碼 |
| 5 | MSFT | Microsoft CORP | +0.8% | -36.03% | 加碼 |
| 6 | SE | Sea Ltd-adr | +0.8% | +83.93% | 加碼 |
| 7 | WDAY | Workday Inc-class A | +0.8% | +131.79% | 加碼 |
| 8 | ADBE | Adobe Inc | +0.7% | +73.09% | 加碼 |
| 9 | GEV | GE Vernova Inc | +0.7% | -16.34% | 加碼 |
| 10 | CRM | Salesforce Inc | +0.6% | +22.41% | 加碼 |
| 11 | REGN | Regeneron Pharmaceuticals | +0.5% | +164.33% | 加碼 |
| 12 | NXPI | NXP Semiconductors N.V. | +0.4% | +217.05% | 加碼 |
| 13 | CSCO | Cisco Systems Inc | +0.4% | -4.68% | 加碼 |
| 14 | NVDA | Nvidia CORP | +0.4% | -65.28% | 減碼 |
| 15 | KLAC | Kla CORP | +0.4% | +350.58% | 加碼 |
| 16 | AMAT | Applied Materials Inc | +0.4% | — | 加碼 |
| 17 | AVGO | Broadcom Inc | +0.4% | -26.68% | 減碼 |
| 18 | GOOGL | Alphabet Inc-cl A | +0.4% | -52.61% | 減碼 |
| 19 | HOOD | Robinhood Markets Inc - A | +0.4% | — | 加碼 |
| 20 | MA | Mastercard Inc - A | +0.3% | +190.91% | 加碼 |
| 21 | VALE | Vale Sa-sp Adr | +0.3% | +94.10% | 加碼 |
| 22 | EWY | Ishares Msci South Korea ETF | +0.3% | +25.04% | 加碼 |
| 23 | CVS | Cvs Health CORP | +0.3% | +42.62% | 加碼 |
| 24 | ASML | ASML Holding N.V. | +0.2% | +690.47% | 加碼 |
| 25 | NOW | Servicenow Inc | +0.2% | +54.41% | 加碼 |
| 26 | GRAB | Grab Holdings Limited | +0.2% | +43.43% | 加碼 |
| 27 | MELI | Mercadolibre Inc | +0.2% | +1237.68% | 加碼 |
| 28 | BKNG | Booking Holdings Inc | +0.2% | +2.07% | 加碼 |
| 29 | TLN | Talen Energy CORP | +0.2% | -2.83% | 加碼 |
| 30 | CFG | Citizens Financial Group | +0.2% | +102.73% | 加碼 |
| 31 | BTI | British American Tob-sp Adr | +0.2% | +9.79% | 加碼 |
| 32 | RYAAY | Ryanair Holdings Plc-sp Adr | +0.2% | +108.07% | 加碼 |
| 33 | HPE | Hewlett Packard Enterprise | +0.2% | +39.25% | 加碼 |
| 34 | UNP | Union Pacific CORP | +0.2% | — | 加碼 |
| 35 | GDDY | Godaddy Inc - Class A | +0.2% | +26.49% | 加碼 |
| 36 | SCHW | Schwab (charles) CORP | +0.2% | — | 加碼 |
| 37 | RF | Regions Financial CORP | +0.2% | +112.18% | 加碼 |
| 38 | ABBV | Abbvie Inc | +0.1% | -56.43% | 加碼 |
| 39 | MNST | Monster Beverage CORP | +0.1% | +1447.11% | 加碼 |
| 40 | NTAP | Netapp Inc | +0.1% | +3.26% | 加碼 |
| 41 | TEAM | Atlassian Corp-cl A | +0.1% | -14.86% | 加碼 |
| 42 | EXEL | Exelixis Inc | +0.1% | +3940.09% | 加碼 |
| 43 | VRSN | Verisign Inc | +0.1% | +24.82% | 加碼 |
| 44 | TEL | TE Connectivity plc | +0.1% | +10.63% | 加碼 |
| 45 | CAH | Cardinal Health Inc | +0.1% | +5.13% | 加碼 |
| 46 | IBKR | Interactive Brokers Gro-cl A | +0.1% | — | 加碼 |
| 47 | ETSY | Etsy Inc | +0.1% | +484.19% | 加碼 |
| 48 | AMD | Advanced Micro Devices | +0.1% | +2.25% | 減碼 |
| 49 | DT | Dynatrace Inc | +0.1% | +132.69% | 加碼 |
| 50 | AIG | American International Group | +0.1% | +22.95% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Bridgewater Associates, LP 在 Q3 2025 季度的美股持倉總市值約為 US$243.8億，共申報了 1014 個公開持股部位。
在 Q3 2025 季度，Bridgewater Associates, LP 按市值排列的前三大核心持股分別為：IVV (10.6%)、SPY (6.7%)、GOOGL (2.5%)。其中最大持股部位 IVV 佔據整體投資組合約 10.6% 的權重。
在 Q3 2025 季度中，Bridgewater Associates, LP 共進行了 200 項持倉異動，包含新建倉 38 個部位、加碼 76 個部位、減碼 60 個部位以及清倉 26 個部位。 其中最大新建倉標的為 RDDT。 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。
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。