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: 0001790837
申報總市值
US$2.2億
US$2.2億
92 檔
21.7%
Q4 2025 季度申報顯示，Bull Street Advisors, LLC 揭露的美股組合總市值為 US$2.2億，涵蓋 92 個不同之權益投資部位。
在 Q4 2025，Bull Street Advisors, LLC 展現出較為審慎的避險與獲利了結姿態。本季共減碼 28 個部位並完全清倉 1 檔持股，調降曝險的部位數量高於加碼動作。
整體而言，Bull Street Advisors, LLC 的前 5 大持股（包含 TJX, AAPL, JNJ）貢獻了組合市值的 21.7%，形成該機構在 Q4 2025 季度的基本面基石。
| # | 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 | TJX | Tjx Companies Inc | 股票-循環性消費 | 5.06% | +4.17% | -0.87% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 4.68% | +0.42% | -0.94% | |
| 3 | JNJ | Johnson & Johnson | 股票-醫療保健 | 4.60% | -0.32% | — | |
| 4 | BSV | Vanguard Short-term Bond ETF | ETF-其他 | 3.91% | -0.41% | +0.47% | |
| 5 | MSFT | Microsoft CORP | 股票-科技 | 3.85% | -0.10% | -0.26% | |
| 6 | VGSH | Vanguard Short-term Treasury | ETF-政府公債 | 3.76% | -0.69% | +1.25% | |
| 7 | KO | Coca-cola Co/the | 股票-非循環性消費 | 3.36% | -0.11% | -0.07% | |
| 8 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 3.12% | -0.44% | -0.40% | |
| 9 | HD | Home Depot Inc | 股票-循環性消費 | 2.72% | -0.08% | -0.35% | |
| 10 | JPM | Jpmorgan Chase & Co | 股票-金融 | 2.50% | +0.08% | -0.92% | |
| 11 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 2.28% | -0.04% | -0.66% | |
| 12 | DHR | Danaher CORP | 股票-醫療保健 | 2.21% | -0.17% | — | |
| 13 | XOM | Exxon Mobil CORP | 股票-能源 | 2.10% | -0.79% | +0.01% | |
| 14 | IGSB | Ishares 1-5y Inv Grade CORP | ETF-其他 | 2.05% | -0.15% | +1.24% | |
| 15 | AMGN | Amgen Inc | 股票-醫療保健 | 1.98% | -0.11% | -0.08% | |
| 16 | VCSH | Vanguard S/t CORP Bond ETF | ETF-投資等級公司債 | 1.96% | -0.21% | — | |
| 17 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.92% | +0.01% | -5.07% | |
| 18 | AXP | American Express Co | 股票-金融 | 1.86% | +0.05% | -5.27% | |
| 19 | VCIT | Vanguard Int-term Corporate | ETF-投資等級公司債 | 1.78% | -0.20% | +0.81% | |
| 20 | SYY | Sysco CORP | 股票-非循環性消費 | 1.56% | +0.03% | -0.12% | |
| 21 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 1.55% | -0.15% | +1.52% | |
| 22 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.55% | +0.18% | -2.21% | |
| 23 | ADP | Automatic Data Processing | 股票-科技 | 1.52% | -0.13% | -3.12% | |
| 24 | RTX | Rtx CORP | 股票-工業 | 1.51% | -0.14% | -0.30% | |
| 25 | PEP | Pepsico Inc | 股票-非循環性消費 | 1.49% | -0.30% | +9.99% | |
| 26 | VGIT | Vanguard Intermediate-term T | ETF-其他 | 1.48% | -0.10% | +2.60% | |
| 27 | ✓ | 股票-其他 | 1.41% | — | -1.00% | ||
| 28 | CSCO | Cisco Systems Inc | 股票-科技 | 1.35% | +0.57% | -0.86% | |
| 29 | DIS | Walt Disney Co/the | 股票-通訊服務 | 1.30% | -0.10% | -3.81% | |
| 30 | CVX | Chevron CORP | 股票-能源 | 1.29% | -0.48% | +5.07% | |
| 31 | HON | Honeywell International Inc | 股票-工業 | 1.28% | -1.54% | EXIT | |
| 32 | VTI | Vanguard Total Stock Mkt ETF | ETF-其他 | 1.22% | +0.01% | +1.40% | |
| 33 | EMR | Emerson Electric Co | 股票-工業 | 1.10% | +0.01% | -1.17% | |
| 34 | RSG | Republic Services Inc | 股票-工業 | 1.10% | -0.13% | — | |
| 35 | MDLZ | Mondelez International Inc-a | 股票-非循環性消費 | 1.09% | -0.08% | — | |
| 36 | TIP | Ishares Tips Bond ETF | ETF-其他 | 0.97% | -0.08% | -4.03% | |
| 37 | FISV | Fiserv Inc | 股票-其他 | 0.93% | -0.39% | -5.97% | |
| 38 | ELV | Elevance Health Inc | 股票-醫療保健 | 0.93% | +0.15% | — | |
| 39 | NUE | Nucor CORP | 股票-原物料 | 0.91% | +0.20% | -1.57% | |
| 40 | DUK | Duke Energy CORP | 股票-公用事業 | 0.80% | -0.01% | — | |
| 41 | ABT | Abbott Laboratories | 股票-醫療保健 | 0.75% | -0.16% | -0.39% | |
| 42 | D | Dominion Energy Inc | 股票-公用事業 | 0.72% | +0.08% | -0.15% | |
| 43 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.69% | -0.01% | — | |
| 44 | USB | US Bancorp | 股票-金融 | 0.68% | +0.05% | -0.25% | |
| 45 | UNP | Union Pacific CORP | 股票-工業 | 0.66% | +0.03% | — | |
| 46 | CPT | Camden Property Trust | 股票-房地產 | 0.65% | +0.05% | — | |
| 47 | VXF | Vanguard Extended Market ETF | ETF-其他 | 0.65% | +0.10% | +1.98% | |
| 48 | SYK | Stryker CORP | 股票-醫療保健 | 0.62% | -0.07% | -0.78% | |
| 49 | PFE | Pfizer Inc | 股票-醫療保健 | 0.61% | -0.16% | -2.02% | |
| 50 | CMCSA | Comcast Corp-class A | 股票-通訊服務 | 0.60% | -0.17% | -9.41% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | JNJ | Johnson & Johnson | +0.5% | — | 不變 |
| 2 | GOOGL | Alphabet Inc-cl A | +0.3% | -5.07% | 減碼 |
| 3 | GOOG | Alphabet Inc-cl C | +0.3% | -2.21% | 減碼 |
| 4 | DHR | Danaher CORP | +0.3% | — | 不變 |
| 5 | AMGN | Amgen Inc | +0.3% | -0.08% | 減碼 |
| 6 | TJX | Tjx Companies Inc | +0.2% | -0.87% | 減碼 |
| 7 | AAPL | Apple Inc | +0.2% | -0.94% | 減碼 |
| 8 | PEP | Pepsico Inc | +0.2% | +9.99% | 加碼 |
| 9 | KO | Coca-cola Co/the | +0.2% | -0.07% | 減碼 |
| 10 | NUE | Nucor CORP | +0.1% | -1.57% | 減碼 |
| 11 | MRK | Merck & Co. Inc. | +0.1% | — | 不變 |
| 12 | CSCO | Cisco Systems Inc | +0.1% | -0.86% | 減碼 |
| 13 | XOM | Exxon Mobil CORP | +0.1% | +0.01% | 加碼 |
| 14 | RTX | Rtx CORP | +0.1% | -0.30% | 減碼 |
| 15 | AXP | American Express Co | +0.1% | -5.27% | 減碼 |
| 16 | ELV | Elevance Health Inc | +0.1% | — | 不變 |
| 17 | USB | US Bancorp | +0.1% | -0.25% | 減碼 |
| 18 | FTV | Fortive CORP | +0.1% | — | 不變 |
| 19 | VTI | Vanguard Total Stock Mkt ETF | 0% | +1.40% | 加碼 |
| 20 | CB | Chubb Limited | 0% | — | 不變 |
| 21 | MS | Morgan Stanley | 0% | -4.49% | 減碼 |
| 22 | GLD | Spdr Gold Shares | 0% | — | 不變 |
| 23 | CVX | Chevron CORP | 0% | +5.07% | 加碼 |
| 24 | VGSH | Vanguard Short-term Treasury | 0% | +1.25% | 加碼 |
| 25 | GPC | Genuine Parts Co | 0% | — | 不變 |
| 26 | GIS | General Mills Inc | 0% | -0.59% | 減碼 |
| 27 | SYK | Stryker CORP | 0% | -0.78% | 減碼 |
| 28 | DEO | Diageo Plc-sponsored Adr | 0% | -1.75% | 減碼 |
| 29 | TIP | Ishares Tips Bond ETF | -0.1% | -4.03% | 減碼 |
| 30 | DUK | Duke Energy CORP | -0.1% | — | 不變 |
| 31 | ABT | Abbott Laboratories | -0.1% | -0.39% | 減碼 |
| 32 | DIS | Walt Disney Co/the | -0.1% | -3.81% | 減碼 |
| 33 | VZ | Verizon Communications Inc | -0.1% | -27.32% | 減碼 |
| 34 | RSG | Republic Services Inc | -0.1% | — | 不變 |
| 35 | PG | Procter & Gamble Co/the | -0.1% | +1.52% | 加碼 |
| 36 | HON | Honeywell International Inc | -0.1% | -0.07% | 減碼 |
| 37 | CMCSA | Comcast Corp-class A | -0.1% | -9.41% | 減碼 |
| 38 | MDLZ | Mondelez International Inc-a | -0.2% | — | 不變 |
| 39 | SYY | Sysco CORP | -0.2% | -0.12% | 減碼 |
| 40 | COST | Costco Wholesale CORP | -0.3% | -0.40% | 減碼 |
| 41 | 6D8 | Dupont De Nemours Inc | -0.3% | -3.64% | 減碼 |
| 42 | ADP | Automatic Data Processing | -0.3% | -3.12% | 減碼 |
| 43 | MSFT | Microsoft CORP | -0.3% | -0.26% | 減碼 |
| 44 | HD | Home Depot Inc | -0.5% | -0.35% | 減碼 |
| 45 | FISV | Fiserv Inc | -1% | -5.97% | 減碼 |
| 46 | ✓ | — | NEW | 新建倉 | |
| 47 | LOW | Lowe's Cos Inc | — | EXIT | 清倉 |
| 48 | SLV | Ishares Silver Trust | — | NEW | 新建倉 |
| 49 | BDX | Becton Dickinson And Co | — | NEW | 新建倉 |
| 50 | CAT | Caterpillar Inc | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Bull Street Advisors, LLC 在 Q4 2025 季度的美股持倉總市值約為 US$2.2億，共申報了 92 個公開持股部位。
在 Q4 2025 季度，Bull Street Advisors, LLC 按市值排列的前三大核心持股分別為：TJX (5.1%)、AAPL (4.7%)、JNJ (4.6%)。其中最大持股部位 TJX 佔據整體投資組合約 5.1% 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
市值: US$59.2萬
本季最大獲利了結 / 清倉標的
LOW
前期市值: US$24.5萬
在 Q4 2025 季度中，Bull Street Advisors, LLC 共進行了 39 項持倉異動，包含新建倉 4 個部位、加碼 6 個部位、減碼 28 個部位以及清倉 1 個部位。 其中最大新建倉標的為 。 本季清倉部位包含 LOW。
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。