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: 0001908219
申報總市值
US$80.7億
US$80.7億
103 檔
18.4%
Q4 2025 季度申報顯示，Canoe Financial LP 揭露的美股組合總市值為 US$80.7億，涵蓋 103 個不同之權益投資部位。
Q4 2025 的申報記錄反映 Canoe Financial LP 的板塊替換策略：機構本季推動了 23 筆增持與 27 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 TSM, GOOGL, CNI）占據了總市值的 18.4%，展現出該機構在 Q4 2025 的重點資金聚焦與風險分佈特徵。
| # | 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 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 4.95% | +0.28% | -10.86% | |
| 2 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 4.35% | -0.17% | -12.93% | |
| 3 | CNI | Canadian Natl Railway Co | 股票-工業 | 3.93% | +0.22% | +5.63% | |
| 4 | WFC | Wells Fargo & Co | 股票-金融 | 3.55% | +0.11% | +0.45% | |
| 5 | MSFT | Microsoft CORP | 股票-科技 | 3.43% | -0.44% | -4.02% | |
| 6 | OTIS | Otis Worldwide CORP | 股票-工業 | 3.31% | +0.13% | +15.59% | |
| 7 | MCO | Moody's CORP | 股票-金融 | 2.96% | -0.24% | +3.34% | |
| 8 | CNQ | Canadian Natural Resources | 股票-能源 | 2.57% | -1.09% | -2.31% | |
| 9 | MA | Mastercard Inc - A | 股票-金融 | 2.42% | -0.18% | +2.90% | |
| 10 | ✓ | Intercontinental Hotels Group | 股票-其他 | 2.41% | +0.03% | — | |
| 11 | ADI | Analog Devices Inc | 股票-科技 | 2.35% | +0.22% | -0.82% | |
| 12 | QSR | Restaurant Brands Intern | 股票-循環性消費 | 2.31% | -0.37% | -1.34% | |
| 13 | AZO | Autozone Inc | 股票-循環性消費 | 2.28% | -0.42% | -4.55% | |
| 14 | LMT | Lockheed Martin CORP | 股票-工業 | 2.26% | -0.48% | — | |
| 15 | TECK | Teck Resources Ltd-cls B | 股票-原物料 | 2.17% | +0.06% | -0.48% | |
| 16 | ICE | Intercontinental Exchange In | 股票-金融 | 2.09% | +0.26% | +43.35% | |
| 17 | CVS | Cvs Health CORP | 股票-醫療保健 | 2.05% | +0.69% | +11.41% | |
| 18 | CME | Cme Group Inc | 股票-金融 | 2.00% | -0.66% | -2.90% | |
| 19 | ROP | Roper Technologies Inc | 股票-科技 | 1.98% | -0.01% | +37.49% | |
| 20 | ROST | Ross Stores Inc | 股票-循環性消費 | 1.94% | -0.23% | +0.28% | |
| 21 | V | Visa Inc-class A Shares | 股票-金融 | 1.84% | +0.01% | +0.70% | |
| 22 | MTB | M & T Bank CORP | 股票-金融 | 1.79% | +0.09% | +50.51% | |
| 23 | ELV | Elevance Health Inc | 股票-醫療保健 | 1.76% | +0.27% | -4.81% | |
| 24 | TJX | Tjx Companies Inc | 股票-循環性消費 | 1.72% | -0.32% | -3.84% | |
| 25 | RBA | Rb Global Inc | 股票-工業 | 1.70% | +0.23% | -0.42% | |
| 26 | AEM | Agnico Eagle Mines LTD | 股票-原物料 | 1.64% | -0.17% | -36.98% | |
| 27 | EQT | Eqt CORP | 股票-能源 | 1.61% | +0.08% | -10.37% | |
| 28 | AXP | American Express Co | 股票-金融 | 1.61% | -0.04% | -35.14% | |
| 29 | RY | Royal Bank Of Canada | 股票-金融 | 1.60% | +0.26% | -32.63% | |
| 30 | MSCI | Msci Inc | 股票-金融 | 1.56% | -0.11% | -4.67% | |
| 31 | SHW | Sherwin-williams Co/the | 股票-原物料 | 1.53% | -0.14% | +2.81% | |
| 32 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.42% | -0.13% | +613.82% | |
| 33 | WPM | Wheaton Precious Metals CORP | 股票-原物料 | 1.42% | +0.01% | -8.70% | |
| 34 | CVE | Cenovus Energy Inc | 股票-能源 | 1.39% | -0.30% | — | |
| 35 | PM | Philip Morris International | 股票-非循環性消費 | 1.35% | +0.05% | -38.83% | |
| 36 | EFXT | Enerflex LTD | 股票-其他 | 1.29% | +0.11% | -0.09% | |
| 37 | WTW | Willis Towers Watson Public Limited Company | 股票-金融 | 1.16% | -0.03% | +0.99% | |
| 38 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.11% | — | +0.55% | |
| 39 | MTD | Mettler-toledo International | 股票-醫療保健 | 1.02% | -0.09% | -4.03% | |
| 40 | TD | Toronto-dominion Bank | 股票-金融 | 0.92% | +0.01% | -14.55% | |
| 41 | ASML | ASML Holding N.V. | 股票-科技 | 0.90% | — | -10.84% | |
| 42 | COF | Capital One Financial CORP | 股票-金融 | 0.89% | -0.01% | EXIT | |
| 43 | CARR | Carrier Global CORP | 股票-工業 | 0.86% | +0.08% | +607.54% | |
| 44 | DEO | Diageo plc | 股票-非循環性消費 | 0.83% | -0.05% | — | |
| 45 | TXN | Texas Instruments Inc | 股票-科技 | 0.80% | +0.53% | — | |
| 46 | RRC | Range Resources CORP | 股票-能源 | 0.76% | +0.12% | +13.08% | |
| 47 | SLB | Slb LTD | 股票-能源 | 0.61% | +1.45% | — | |
| 48 | CB | Chubb Limited | 股票-金融 | 0.61% | — | +0.42% | |
| 49 | BGSI | THE Boyd Group Inc | 股票-其他 | 0.59% | -0.22% | — | |
| 50 | RCI | Rogers Communications Inc-b | 股票-其他 | 0.58% | — | -18.47% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | JNJ | Johnson & Johnson | +1.2% | +613.82% | 加碼 |
| 2 | CARR | Carrier Global CORP | +0.7% | +607.54% | 加碼 |
| 3 | MTB | M & T Bank CORP | +0.6% | +50.51% | 加碼 |
| 4 | ICE | Intercontinental Exchange In | +0.5% | +43.35% | 加碼 |
| 5 | EFXT | Enerflex LTD | +0.3% | -0.09% | 減碼 |
| 6 | ROP | Roper Technologies Inc | +0.3% | +37.49% | 加碼 |
| 7 | GOOGL | Alphabet Inc-cl A | +0.3% | -12.93% | 減碼 |
| 8 | ROST | Ross Stores Inc | +0.2% | +0.28% | 加碼 |
| 9 | WFC | Wells Fargo & Co | +0.2% | +0.45% | 加碼 |
| 10 | CVS | Cvs Health CORP | +0.2% | +11.41% | 加碼 |
| 11 | CNI | Canadian Natl Railway Co | +0.2% | +5.63% | 加碼 |
| 12 | OTIS | Otis Worldwide CORP | +0.2% | +15.59% | 加碼 |
| 13 | MCO | Moody's CORP | +0.2% | +3.34% | 加碼 |
| 14 | ADI | Analog Devices Inc | +0.1% | -0.82% | 減碼 |
| 15 | TECK | Teck Resources Ltd-cls B | +0.1% | -0.48% | 減碼 |
| 16 | MTD | Mettler-toledo International | 0% | -4.03% | 減碼 |
| 17 | QSR | Restaurant Brands Intern | — | -1.34% | 減碼 |
| 18 | CNQ | Canadian Natural Resources | 0% | -2.31% | 減碼 |
| 19 | MA | Mastercard Inc - A | -0.1% | +2.90% | 加碼 |
| 20 | LOW | Lowe's Cos Inc | -0.1% | -36.16% | 減碼 |
| 21 | GGG | Graco Inc | -0.1% | -12.27% | 減碼 |
| 22 | RBA | Rb Global Inc | -0.2% | -0.42% | 減碼 |
| 23 | EXE | Expand Energy CORP | -0.2% | -62.54% | 減碼 |
| 24 | COF | Capital One Financial CORP | -0.3% | -28.54% | 減碼 |
| 25 | NOC | Northrop Grumman CORP | -0.3% | -33.27% | 減碼 |
| 26 | EQT | Eqt CORP | -0.3% | -10.37% | 減碼 |
| 27 | FISV | Fiserv Inc | -0.3% | +17.34% | 加碼 |
| 28 | TSM | Taiwan Semiconductor-sp Adr | -0.4% | -10.86% | 減碼 |
| 29 | RY | Royal Bank Of Canada | -0.6% | -32.63% | 減碼 |
| 30 | MSFT | Microsoft CORP | -0.6% | -4.02% | 減碼 |
| 31 | AXP | American Express Co | -0.7% | -35.14% | 減碼 |
| 32 | AZO | Autozone Inc | -0.9% | -4.55% | 減碼 |
| 33 | PM | Philip Morris International | -1% | -38.83% | 減碼 |
| 34 | AEM | Agnico Eagle Mines LTD | -1.1% | -36.98% | 減碼 |
| 35 | UNH | Unitedhealth Group Inc | -1.4% | -85.29% | 減碼 |
| 36 | ORCL | Oracle CORP | -1.9% | -88.80% | 減碼 |
| 37 | ✓ | Intercontinental Hotels Group | — | NEW | 新建倉 |
| 38 | LMT | Lockheed Martin CORP | — | NEW | 新建倉 |
| 39 | SYY | Sysco CORP | — | EXIT | 清倉 |
| 40 | CVE | Cenovus Energy Inc | — | NEW | 新建倉 |
| 41 | DEO | Diageo plc | — | NEW | 新建倉 |
| 42 | TXN | Texas Instruments Inc | — | NEW | 新建倉 |
| 43 | CRM | Salesforce Inc | — | EXIT | 清倉 |
| 44 | SLB | Slb LTD | — | NEW | 新建倉 |
| 45 | BGSI | THE Boyd Group Inc | — | NEW | 新建倉 |
| 46 | ✓ | Unilever PLC | — | NEW | 新建倉 |
| 47 | BTE | Baytex Energy CORP | — | EXIT | 清倉 |
| 48 | AMZN | Amazon.com Inc | — | NEW | 新建倉 |
| 49 | ✓ | — | NEW | 新建倉 | |
| 50 | SU | Suncor Energy Inc | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Canoe Financial LP 在 Q4 2025 季度的美股持倉總市值約為 US$80.7億，共申報了 103 個公開持股部位。
在 Q4 2025 季度，Canoe Financial LP 按市值排列的前三大核心持股分別為：TSM (5.0%)、GOOGL (4.3%)、CNI (3.9%)。其中最大持股部位 TSM 佔據整體投資組合約 5.0% 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
INTERCONTINENTAL HOTELS GROUP
市值: US$1.8億
本季最大獲利了結 / 清倉標的
SYY
前期市值: US$1.2億
在 Q4 2025 季度中，Canoe Financial LP 共進行了 50 項持倉異動，包含新建倉 10 個部位、加碼 13 個部位、減碼 23 個部位以及清倉 4 個部位。 其中最大新建倉標的為 INTERCONTINENTAL HOTELS GROUP。 本季清倉部位包含 SYY。
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。