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: 0000940445
申報總市值
US$37.1億
US$37.1億
608 檔
19.5%
在 Q4 2025 的 13F 官方備案中，Burney Co/ 管理的美股投資組合規模來到 US$37.1億，整體持股檔數為 608 檔。
觀察 Q4 2025 的資金脈絡，Burney Co/ 在獲利結算 1 檔個股的同時，將資本重新部署至 8 檔新選標的，展現主動管理機構的輪動節奏。
在資產配置集中度方面，Burney Co/ 的前 5 大核心持股（包含 BRNY, AAPL, GOOGL 等）合計佔整體申報市值的 19.5%，反映機構在主要關鍵部位上的權重分佈。
僅顯示前 200 大持股（共 608 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 | BRNY | Burney US Factor Rotation | ETF-其他 | 11.26% | +1.02% | +2.45% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 3.75% | +0.02% | +2.08% | |
| 3 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 2.65% | +0.17% | +7.53% | |
| 4 | VGIT | Vanguard Intermediate-term T | ETF-其他 | 2.46% | -0.14% | +4.20% | |
| 5 | MSFT | Microsoft CORP | 股票-科技 | 2.45% | -0.13% | +13.39% | |
| 6 | NVDA | Nvidia CORP | 股票-科技 | 2.43% | +0.31% | +34.99% | |
| 7 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.77% | -0.51% | +10.62% | |
| 8 | LRCX | Lam Research CORP | 股票-科技 | 1.74% | +0.82% | -13.23% | |
| 9 | AVGO | Broadcom Inc | 股票-科技 | 1.72% | +0.01% | -1.33% | |
| 10 | ANET | Arista Networks Inc | 股票-科技 | 1.52% | +0.40% | +0.64% | |
| 11 | PH | Parker Hannifin CORP | 股票-工業 | 1.46% | -0.44% | +8.64% | |
| 12 | MCK | Mckesson CORP | 股票-醫療保健 | 1.44% | -0.55% | -4.68% | |
| 13 | COF | Capital One Financial CORP | 股票-金融 | 1.39% | -0.02% | -1.47% | |
| 14 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.35% | +0.43% | +34.95% | |
| 15 | DFIC | Dimensional International Co | ETF-其他 | 0.96% | -0.02% | +4.99% | |
| 16 | ALSN | Allison Transmission Holding | 股票-循環性消費 | 0.95% | -0.16% | -2.50% | |
| 17 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.94% | +0.08% | -0.03% | |
| 18 | COR | Cencora Inc | 股票-醫療保健 | 0.93% | -0.19% | -2.17% | |
| 19 | TJX | Tjx Companies Inc | 股票-循環性消費 | 0.87% | -0.16% | -0.79% | |
| 20 | CBOE | Cboe Global Markets Inc | 股票-金融 | 0.85% | -0.16% | -0.99% | |
| 21 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.81% | -0.04% | -30.00% | |
| 22 | RTX | Rtx CORP | 股票-工業 | 0.74% | -0.16% | -0.51% | |
| 23 | AZO | Autozone Inc | 股票-循環性消費 | 0.72% | -0.13% | -0.68% | |
| 24 | ADSK | Autodesk Inc | 股票-科技 | 0.71% | -0.10% | +8.23% | |
| 25 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.69% | -0.07% | -1.03% | |
| 26 | FICO | Fair Isaac CORP | 股票-科技 | 0.69% | -0.02% | -1.34% | |
| 27 | UGI | Ugi CORP | 股票-公用事業 | 0.67% | -0.14% | -3.08% | |
| 28 | NFLX | Netflix Inc | 股票-通訊服務 | 0.66% | -0.08% | +741.46% | |
| 29 | VOO | Vanguard S&p 500 ETF | ETF-大型股與成長 | 0.63% | — | -8.16% | |
| 30 | PANW | Palo Alto Networks Inc | 股票-科技 | 0.63% | +0.10% | -2.48% | |
| 31 | TRGP | Targa Resources CORP | 股票-能源 | 0.61% | -0.06% | -2.42% | |
| 32 | KLAC | Kla CORP | 股票-科技 | 0.60% | +0.30% | -30.31% | |
| 33 | ORCL | Oracle CORP | 股票-科技 | 0.58% | -0.05% | -1.20% | |
| 34 | SCHW | Schwab (charles) CORP | 股票-金融 | 0.56% | -0.06% | -20.37% | |
| 35 | WMT | Walmart Inc | 股票-非循環性消費 | 0.53% | -0.10% | -17.20% | |
| 36 | SSNC | Ss&c Technologies Holdings | 股票-科技 | 0.53% | -0.07% | -2.30% | |
| 37 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 0.51% | -0.08% | +1.76% | |
| 38 | GPI | Group 1 Automotive Inc | 股票-循環性消費 | 0.50% | -0.09% | -3.55% | |
| 39 | LHX | L3harris Technologies Inc | 股票-工業 | 0.50% | -0.14% | +2.68% | |
| 40 | FTNT | Fortinet Inc | 股票-科技 | 0.49% | +0.16% | -8.42% | |
| 41 | QCOM | Qualcomm Inc | 股票-科技 | 0.48% | -0.02% | -1.96% | |
| 42 | WTS | Watts Water Technologies-a | 股票-工業 | 0.46% | +0.07% | -21.23% | |
| 43 | UHS | Universal Health Services-b | 股票-醫療保健 | 0.46% | -0.17% | -0.62% | |
| 44 | OHI | Omega Healthcare Investors | 股票-房地產 | 0.43% | -0.12% | +23.92% | |
| 45 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.43% | +0.02% | -0.42% | |
| 46 | APH | Amphenol Corp-cl A | 股票-科技 | 0.43% | +0.13% | -31.28% | |
| 47 | TMHC | Taylor Morrison Home CORP | 股票-循環性消費 | 0.42% | -0.13% | -1.72% | |
| 48 | RL | Ralph Lauren CORP | 股票-循環性消費 | 0.42% | +0.10% | -16.47% | |
| 49 | CSCO | Cisco Systems Inc | 股票-科技 | 0.41% | +0.07% | +2.36% | |
| 50 | HCA | Hca Healthcare Inc | 股票-醫療保健 | 0.41% | -0.11% | -0.73% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | GOOGL | Alphabet Inc-cl A | +0.7% | +7.53% | 加碼 |
| 2 | NVDA | Nvidia CORP | +0.6% | +34.99% | 加碼 |
| 3 | BRNY | Burney US Factor Rotation | +0.5% | +2.45% | 加碼 |
| 4 | AMZN | Amazon.com Inc | +0.4% | +34.95% | 加碼 |
| 5 | PH | Parker Hannifin CORP | +0.3% | +8.64% | 加碼 |
| 6 | LLY | Eli Lilly & Co | +0.3% | -0.03% | 減碼 |
| 7 | AAPL | Apple Inc | +0.2% | +2.08% | 加碼 |
| 8 | EIX | Edison International | +0.2% | +2475.68% | 加碼 |
| 9 | AES | Aes CORP | +0.2% | +470.73% | 加碼 |
| 10 | IVV | Ishares Core S&p 500 ETF | +0.2% | +355.92% | 加碼 |
| 11 | LRCX | Lam Research CORP | +0.1% | -13.23% | 減碼 |
| 12 | FHI | Federated Hermes Inc | +0.1% | +61.81% | 加碼 |
| 13 | COF | Capital One Financial CORP | +0.1% | -1.47% | 減碼 |
| 14 | PYPL | Paypal Holdings Inc | +0.1% | +364.13% | 加碼 |
| 15 | CAH | Cardinal Health Inc | +0.1% | +27.09% | 加碼 |
| 16 | AMD | Advanced Micro Devices | +0.1% | +811.49% | 加碼 |
| 17 | MSFT | Microsoft CORP | +0.1% | +13.39% | 加碼 |
| 18 | ALSN | Allison Transmission Holding | +0.1% | -2.50% | 減碼 |
| 19 | AMT | American Tower CORP | -0.1% | -60.66% | 減碼 |
| 20 | OKTA | Okta Inc | -0.1% | -84.40% | 減碼 |
| 21 | PCTY | Paylocity Holding CORP | -0.1% | -76.29% | 減碼 |
| 22 | MDLZ | Mondelez International Inc-a | -0.1% | -79.54% | 減碼 |
| 23 | SCHW | Schwab (charles) CORP | -0.1% | -20.37% | 減碼 |
| 24 | WTS | Watts Water Technologies-a | -0.1% | -21.23% | 減碼 |
| 25 | CALM | Cal-maine Foods Inc | -0.2% | -35.83% | 減碼 |
| 26 | OFG | Ofg Bancorp | -0.2% | -41.88% | 減碼 |
| 27 | APH | Amphenol Corp-cl A | -0.2% | -31.28% | 減碼 |
| 28 | CRUS | Cirrus Logic Inc | -0.2% | -26.31% | 減碼 |
| 29 | MCD | Mcdonald's CORP | -0.2% | -47.57% | 減碼 |
| 30 | KLAC | Kla CORP | -0.2% | -30.31% | 減碼 |
| 31 | LRN | Stride Inc | -0.2% | -41.31% | 減碼 |
| 32 | ANET | Arista Networks Inc | -0.2% | +0.64% | 加碼 |
| 33 | MSI | Motorola Solutions Inc | -0.2% | -46.42% | 減碼 |
| 34 | AZO | Autozone Inc | -0.2% | -0.68% | 減碼 |
| 35 | ALLE | Allegion plc | -0.2% | -75.89% | 減碼 |
| 36 | ORCL | Oracle CORP | -0.3% | -1.20% | 減碼 |
| 37 | JPM | Jpmorgan Chase & Co | -0.4% | -30.00% | 減碼 |
| 38 | CORT | Corcept Therapeutics Inc | -0.4% | -3.00% | 減碼 |
| 39 | NFLX | Netflix Inc | -0.4% | +741.46% | 加碼 |
| 40 | MA | Mastercard Inc - A | -0.4% | -77.39% | 減碼 |
| 41 | DRI | Darden Restaurants Inc | -0.7% | -91.92% | 減碼 |
| 42 | EXPE | Expedia Group Inc | — | NEW | 新建倉 |
| 43 | 07WA | Mr Cooper Group Inc | — | EXIT | 清倉 |
| 44 | RKT | Rocket Cos Inc-class A | — | NEW | 新建倉 |
| 45 | AER | AerCap Holdings N.V. | — | NEW | 新建倉 |
| 46 | ZION | Zions Bancorp NA | — | NEW | 新建倉 |
| 47 | SNEX | Stonex Group Inc | — | NEW | 新建倉 |
| 48 | BOOT | Boot Barn Holdings Inc | — | NEW | 新建倉 |
| 49 | UAL | United Airlines Holdings Inc | — | NEW | 新建倉 |
| 50 | UPWK | Upwork Inc | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Burney Co/ 在 Q4 2025 季度的美股持倉總市值約為 US$37.1億，共申報了 608 個公開持股部位。
在 Q4 2025 季度，Burney Co/ 按市值排列的前三大核心持股分別為：BRNY (11.3%)、AAPL (3.8%)、GOOGL (2.6%)。其中最大持股部位 BRNY 佔據整體投資組合約 11.3% 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
EXPE
市值: US$1198.6萬
本季最大獲利了結 / 清倉標的
07WA
前期市值: US$645.2萬
在 Q4 2025 季度中，Burney Co/ 共進行了 50 項持倉異動，包含新建倉 8 個部位、加碼 16 個部位、減碼 25 個部位以及清倉 1 個部位。 其中最大新建倉標的為 EXPE。 本季清倉部位包含 07WA。
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。