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: 0001081019
申報總市值
US$7820.1億
US$7820.1億
3046 檔
3.2%
Q3 2025 季度申報顯示，California State Teachers Retirement System 揭露的美股組合總市值為 US$7820.1億，涵蓋 3046 個不同之權益投資部位。
在 Q3 2025，California State Teachers Retirement System 操作展現出積極擴展與加碼意向。本季共新建倉 2 個新部位，並對 127 個既有持股進行加碼（合計增持 129 檔），相較減碼與清倉部位顯著佔優。
檢視投資組合結構，前 5 大主力部位（包含 NVDA, AAPL, MSFT）占據了總市值的 3.2%，展現出該機構在 Q3 2025 的重點資金聚焦與風險分佈特徵。
僅顯示前 200 大持股（共 3046 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 | NVDA | Nvidia CORP | 股票-科技 | 7.34% | -2.29% | +0.38% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 6.14% | -3.13% | -0.22% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 5.92% | -2.83% | +0.32% | |
| 4 | AMZN | Amazon.com Inc | 股票-循環性消費 | 3.39% | -1.33% | +0.41% | |
| 5 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.58% | -1.56% | -0.55% | |
| 6 | AVGO | Broadcom Inc | 股票-科技 | 2.38% | -1.36% | +0.40% | |
| 7 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 2.28% | -1.57% | -2.74% | |
| 8 | TSLA | Tesla Inc | 股票-循環性消費 | 2.08% | -1.13% | +0.54% | |
| 9 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.94% | -1.31% | +3.16% | |
| 10 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.42% | -0.77% | -0.01% | |
| 11 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.10% | -0.78% | +1.16% | |
| 12 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.99% | -1.02% | +0.29% | |
| 13 | V | Visa Inc-class A Shares | 股票-金融 | 0.95% | -0.49% | -0.32% | |
| 14 | NFLX | Netflix Inc | 股票-通訊服務 | 0.83% | +0.16% | -0.01% | |
| 15 | MA | Mastercard Inc - A | 股票-金融 | 0.79% | -0.52% | +5.25% | |
| 16 | ORCL | Oracle CORP | 股票-科技 | 0.77% | -0.07% | +0.95% | |
| 17 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.74% | -0.49% | -0.08% | |
| 18 | WMT | Walmart Inc | 股票-非循環性消費 | 0.74% | -0.03% | +0.77% | |
| 19 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.67% | -0.63% | +0.65% | |
| 20 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.66% | -0.11% | +6.19% | |
| 21 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.66% | -0.27% | +0.34% | |
| 22 | HD | Home Depot Inc | 股票-循環性消費 | 0.65% | -0.33% | +0.85% | |
| 23 | XOM | Exxon Mobil CORP | 股票-能源 | 0.60% | -0.23% | +0.22% | |
| 24 | BAC | Bank Of America CORP | 股票-金融 | 0.59% | +0.78% | -0.55% | |
| 25 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.59% | -0.10% | +0.42% | |
| 26 | GE | General Electric | 股票-工業 | 0.52% | -0.28% | +1.24% | |
| 27 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.50% | -0.22% | -0.38% | |
| 28 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.46% | +0.24% | +1.45% | |
| 29 | CSCO | Cisco Systems Inc | 股票-科技 | 0.44% | +0.28% | +0.22% | |
| 30 | WFC | Wells Fargo & Co | 股票-金融 | 0.44% | +0.19% | -0.64% | |
| 31 | IBM | Intl Business Machines CORP | 股票-科技 | 0.43% | -0.18% | +0.56% | |
| 32 | AMD | Advanced Micro Devices | 股票-科技 | 0.42% | -0.21% | +0.20% | |
| 33 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.39% | -0.35% | -1.10% | |
| 34 | ABT | Abbott Laboratories | 股票-醫療保健 | 0.38% | +0.06% | +1.31% | |
| 35 | CVX | Chevron CORP | 股票-能源 | 0.38% | -0.16% | +18.93% | |
| 36 | RTX | Rtx CORP | 股票-工業 | 0.37% | -0.16% | +0.67% | |
| 37 | CRM | Salesforce Inc | 股票-科技 | 0.36% | -0.13% | -0.29% | |
| 38 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.36% | -0.23% | +0.90% | |
| 39 | CAT | Caterpillar Inc | 股票-工業 | 0.36% | -0.44% | -2.05% | |
| 40 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.35% | -0.01% | -0.08% | |
| 41 | T | At&t Inc | 股票-通訊服務 | 0.34% | +1.03% | +1.24% | |
| 42 | DIS | Walt Disney Co/the | 股票-通訊服務 | 0.33% | +0.07% | -0.57% | |
| 43 | UBER | Uber Technologies Inc | 股票-工業 | 0.32% | +0.11% | +5.71% | |
| 44 | PEP | Pepsico Inc | 股票-非循環性消費 | 0.32% | -0.08% | +0.20% | |
| 45 | C | Citigroup Inc | 股票-金融 | 0.31% | — | -1.34% | |
| 46 | VZ | Verizon Communications Inc | 股票-通訊服務 | 0.31% | +0.47% | +0.90% | |
| 47 | INTU | Intuit Inc | 股票-科技 | 0.31% | -0.14% | +0.27% | |
| 48 | MS | Morgan Stanley | 股票-金融 | 0.30% | -0.08% | +0.07% | |
| 49 | NOW | Servicenow Inc | 股票-科技 | 0.30% | +0.03% | -0.36% | |
| 50 | MU | Micron Technology Inc | 股票-科技 | 0.30% | -0.39% | +0.68% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +2.2% | +0.38% | 加碼 |
| 2 | AVGO | Broadcom Inc | +0.9% | +0.40% | 加碼 |
| 3 | MSFT | Microsoft CORP | +0.8% | +0.32% | 加碼 |
| 4 | TSLA | Tesla Inc | +0.6% | +0.54% | 加碼 |
| 5 | GOOGL | Alphabet Inc-cl A | +0.5% | -2.74% | 減碼 |
| 6 | GOOG | Alphabet Inc-cl C | +0.5% | +3.16% | 加碼 |
| 7 | ORCL | Oracle CORP | +0.3% | +0.95% | 加碼 |
| 8 | PLTR | Palantir Technologies Inc-a | +0.3% | +6.19% | 加碼 |
| 9 | META | Meta Platforms Inc-class A | +0.2% | -0.55% | 加碼 |
| 10 | APP | Applovin Corp-class A | +0.2% | +0.29% | 加碼 |
| 11 | GEV | GE Vernova Inc | +0.1% | +0.46% | 加碼 |
| 12 | MU | Micron Technology Inc | +0.1% | +0.68% | 加碼 |
| 13 | HOOD | Robinhood Markets Inc - A | +0.1% | +0.86% | 加碼 |
| 14 | GE | General Electric | +0.1% | +1.24% | 減碼 |
| 15 | AMD | Advanced Micro Devices | +0.1% | +0.20% | 加碼 |
| 16 | LRCX | Lam Research CORP | +0.1% | +0.42% | 加碼 |
| 17 | COF | Capital One Financial CORP | +0.1% | +0.37% | 加碼 |
| 18 | JPM | Jpmorgan Chase & Co | +0.1% | -0.01% | 減碼 |
| 19 | ANET | Arista Networks Inc | +0.1% | -0.64% | 加碼 |
| 20 | APH | Amphenol Corp-cl A | +0.1% | +0.92% | 加碼 |
| 21 | RBLX | Roblox CORP -class A | +0.1% | +7.54% | 加碼 |
| 22 | NFLX | Netflix Inc | +0.1% | -0.01% | 加碼 |
| 23 | GS | Goldman Sachs Group Inc | +0.1% | -1.10% | 減碼 |
| 24 | CAT | Caterpillar Inc | +0.1% | -2.05% | 減碼 |
| 25 | UBER | Uber Technologies Inc | +0.1% | +5.71% | 加碼 |
| 26 | C | Citigroup Inc | +0.1% | -1.34% | 減碼 |
| 27 | KLAC | Kla CORP | +0.1% | +0.71% | 加碼 |
| 28 | INTC | Intel CORP | +0.1% | +0.47% | 加碼 |
| 29 | CEG | Constellation Energy | +0.1% | +1.23% | 加碼 |
| 30 | STX | Seagate Technology Holdings plc | +0.1% | +1.13% | 加碼 |
| 31 | GLW | Corning Inc | +0.1% | +16.81% | 加碼 |
| 32 | NET | Cloudflare Inc - Class A | +0.1% | +1.09% | 加碼 |
| 33 | BAC | Bank Of America CORP | 0% | -0.55% | 加碼 |
| 34 | AMAT | Applied Materials Inc | 0% | -0.56% | 減碼 |
| 35 | NEM | Newmont CORP | 0% | -1.46% | 減碼 |
| 36 | DASH | Doordash Inc - A | 0% | +0.13% | 加碼 |
| 37 | COIN | Coinbase Global Inc -class A | 0% | +0.19% | 加碼 |
| 38 | RCL | Royal Caribbean Cruises Ltd. | 0% | +5.26% | 加碼 |
| 39 | VRT | Vertiv Holdings Co-a | 0% | +0.18% | 加碼 |
| 40 | SNOW | Snowflake Inc | 0% | +0.64% | 加碼 |
| 41 | WDC | Western Digital CORP | 0% | +5.20% | 加碼 |
| 42 | MS | Morgan Stanley | 0% | +0.07% | 減碼 |
| 43 | ETN | Eaton Corporation plc | 0% | +0.15% | 加碼 |
| 44 | CRWD | Crowdstrike Holdings Inc - A | 0% | +0.88% | 加碼 |
| 45 | ALNY | Alnylam Pharmaceuticals Inc | 0% | +2.24% | 加碼 |
| 46 | WBD | Warner Bros Discovery Inc | 0% | +5.30% | 加碼 |
| 47 | PWR | Quanta Services Inc | 0% | -0.64% | 減碼 |
| 48 | SOFI | Sofi Technologies Inc | 0% | +67.78% | 加碼 |
| 49 | RDDT | Reddit Inc-cl A | 0% | +51.36% | 加碼 |
| 50 | RTX | Rtx CORP | 0% | +0.67% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，California State Teachers Retirement System 在 Q3 2025 季度的美股持倉總市值約為 US$7820.1億，共申報了 3046 個公開持股部位。
在 Q3 2025 季度，California State Teachers Retirement System 按市值排列的前三大核心持股分別為：NVDA (7.3%)、AAPL (6.1%)、MSFT (5.9%)。其中最大持股部位 NVDA 佔據整體投資組合約 7.3% 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
OTF
市值: US$6170.7萬
本季最大獲利了結 / 清倉標的
DFSEUR
前期市值: US$7258.2萬
在 Q3 2025 季度中，California State Teachers Retirement System 共進行了 199 項持倉異動，包含新建倉 2 個部位、加碼 127 個部位、減碼 66 個部位以及清倉 4 個部位。 其中最大新建倉標的為 OTF。 本季清倉部位包含 DFSEUR。
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。