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。
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CIK: 0001710477
申報總市值
US$14.8億
US$14.8億
185 檔
17.9%
在 Q4 2025 申報期間，Cantor Fitzgerald Investment Advisors L.p.（CIK: 0001710477）向美國 SEC 提交的 Form 13F 報告顯示，其追蹤之股票投資組合總市值達 US$14.8億，共持有 185 個公開申報部位。
數據顯示 Cantor Fitzgerald Investment Advisors L.p. 於 Q4 2025 季度持續回收資金，對 37 個既有部位進行裁減並清倉 5 個標的，組合整體流動性比重有所上升。
在資產配置集中度方面，Cantor Fitzgerald Investment Advisors L.p. 的前 5 大核心持股（包含 IVV, VOO, IEI 等）合計佔整體申報市值的 17.9%，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
WY
市值: US$787.0萬
本季最大獲利了結 / 清倉標的
KEL
前期市值: US$306.6萬
| # | 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 | 5.20% | +0.31% | -0.92% | |
| 2 | VOO | Vanguard S&p 500 ETF | ETF-大型股與成長 | 3.96% | +0.10% | -3.06% | |
| 3 | IEI | Ishares 3-7 Year Treasury Bo | ETF-政府公債 | 3.95% | -0.27% | +3.33% | |
| 4 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 3.40% | +0.16% | -4.99% | |
| 5 | VMBS | Vanguard Mortgage-backed Sec | ETF-其他 | 3.14% | -0.36% | +3.41% | |
| 6 | VEA | Vanguard Ftse Developed ETF | ETF-其他 | 3.01% | +0.02% | -1.04% | |
| 7 | CVS | Cvs Health CORP | 股票-醫療保健 | 2.20% | -0.17% | -10.00% | |
| 8 | SPIB | Ss Spdr P Int C CORP ETF | ETF-其他 | 2.07% | -0.13% | +6.06% | |
| 9 | GLW | Corning Inc | 股票-科技 | 1.97% | -0.37% | -1.12% | |
| 10 | SCHX | Schwab US Large-cap ETF | ETF-其他 | 1.76% | +0.05% | -2.26% | |
| 11 | WFC | Wells Fargo & Co | 股票-金融 | 1.75% | -0.06% | -18.37% | |
| 12 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.63% | -0.06% | -14.02% | |
| 13 | TFC | Truist Financial CORP | 股票-金融 | 1.44% | — | -10.21% | |
| 14 | EMR | Emerson Electric Co | 股票-工業 | 1.39% | +0.02% | -15.75% | |
| 15 | VWO | Vanguard Ftse Emerging Marke | ETF-新興市場 | 1.38% | +0.01% | -1.67% | |
| 16 | IJH | Ishares Core S&p Midcap ETF | ETF-其他 | 1.34% | +0.05% | +0.42% | |
| 17 | TLT | Ishares 20+ Year Treasury Bd | ETF-政府公債 | 1.34% | — | -4.12% | |
| 18 | SHEL | Shell Plc-adr | 股票-能源 | 1.32% | -0.15% | -16.01% | |
| 19 | HPE | Hewlett Packard Enterprise | 股票-科技 | 1.30% | +0.92% | +0.42% | |
| 20 | ARB | Altshares Merger Arbitrage | ETF-其他 | 1.27% | -0.10% | +1.69% | |
| 21 | XOM | Exxon Mobil CORP | 股票-能源 | 1.24% | -0.79% | -19.72% | |
| 22 | USB | US Bancorp | 股票-金融 | 1.21% | +0.08% | -14.29% | |
| 23 | TRV | Travelers Cos Inc/the | 股票-金融 | 1.16% | -0.05% | +18.90% | |
| 24 | MDT | Medtronic plc | 股票-醫療保健 | 1.16% | -0.18% | -12.78% | |
| 25 | CSCO | Cisco Systems Inc | 股票-科技 | 1.15% | -0.77% | -47.75% | |
| 26 | UPS | United Parcel Service-cl B | 股票-工業 | 1.11% | +0.01% | -11.36% | |
| 27 | SJM | Jm Smucker Co/the | 股票-非循環性消費 | 1.08% | +0.08% | -8.69% | |
| 28 | MDLZ | Mondelez International Inc-a | 股票-非循環性消費 | 1.08% | -0.09% | -13.64% | |
| 29 | SWK | Stanley Black & Decker Inc | 股票-工業 | 1.06% | +0.24% | -12.43% | |
| 30 | BMY | Bristol-myers Squibb Co | 股票-醫療保健 | 1.04% | -0.14% | -10.56% | |
| 31 | IFF | Intl Flavors & Fragrances | 股票-原物料 | 0.99% | +0.02% | +38.09% | |
| 32 | PPG | Ppg Industries Inc | 股票-原物料 | 0.99% | +0.06% | +59.97% | |
| 33 | TXN | Texas Instruments Inc | 股票-科技 | 0.99% | +0.38% | -0.22% | |
| 34 | DG | Dollar General CORP | 股票-非循環性消費 | 0.99% | -0.08% | -1.30% | |
| 35 | CVX | Chevron CORP | 股票-能源 | 0.98% | -0.29% | -14.95% | |
| 36 | BBY | Best Buy Co Inc | 股票-循環性消費 | 0.93% | +0.09% | -6.37% | |
| 37 | DUK | Duke Energy CORP | 股票-公用事業 | 0.93% | -0.12% | -11.72% | |
| 38 | COP | Conocophillips | 股票-能源 | 0.93% | -0.35% | -13.76% | |
| 39 | PM | Philip Morris International | 股票-非循環性消費 | 0.90% | — | -20.83% | |
| 40 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.90% | -0.02% | -21.53% | |
| 41 | PFE | Pfizer Inc | 股票-醫療保健 | 0.87% | -0.21% | -13.56% | |
| 42 | LMT | Lockheed Martin CORP | 股票-工業 | 0.86% | -0.19% | -11.48% | |
| 43 | HPQ | Hp Inc | 股票-科技 | 0.84% | +0.05% | -14.50% | |
| 44 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.83% | — | -61.28% | |
| 45 | VCIT | Vanguard Int-term Corporate | ETF-投資等級公司債 | 0.83% | -0.08% | +3.37% | |
| 46 | VTR | Ventas Inc | 股票-房地產 | 0.82% | — | -19.91% | |
| 47 | PRU | Prudential Financial Inc | 股票-金融 | 0.82% | +0.03% | -15.02% | |
| 48 | SJNK | Ss Spdr Bb St Hi Yield ETF | ETF-其他 | 0.79% | -0.04% | +6.13% | |
| 49 | DVN | Devon Energy CORP | 股票-能源 | 0.77% | -0.26% | -4.87% | |
| 50 | AMCR | Amcor plc | 股票-循環性消費 | 0.75% | — | +62.07% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | IEI | Ishares 3-7 Year Treasury Bo | +0.4% | +3.33% | 加碼 |
| 2 | PPG | Ppg Industries Inc | +0.4% | +59.97% | 加碼 |
| 3 | IFF | Intl Flavors & Fragrances | +0.4% | +38.09% | 加碼 |
| 4 | AMCR | Amcor plc | +0.3% | +62.07% | 加碼 |
| 5 | TRV | Travelers Cos Inc/the | +0.3% | +18.90% | 加碼 |
| 6 | DG | Dollar General CORP | +0.3% | -1.30% | 減碼 |
| 7 | VGLT | Vanguard Long-term Treasury | +0.2% | +60.89% | 加碼 |
| 8 | CVS | Cvs Health CORP | +0.1% | -10.00% | 減碼 |
| 9 | WFC | Wells Fargo & Co | 0% | -18.37% | 減碼 |
| 10 | MDT | Medtronic plc | -0.1% | -12.78% | 減碼 |
| 11 | SWK | Stanley Black & Decker Inc | -0.1% | -12.43% | 減碼 |
| 12 | LMT | Lockheed Martin CORP | -0.1% | -11.48% | 減碼 |
| 13 | COP | Conocophillips | -0.1% | -13.76% | 減碼 |
| 14 | SHEL | Shell Plc-adr | -0.1% | -16.01% | 減碼 |
| 15 | PFE | Pfizer Inc | -0.1% | -13.56% | 減碼 |
| 16 | CAG | Conagra Brands Inc | -0.1% | -15.30% | 減碼 |
| 17 | XOM | Exxon Mobil CORP | -0.1% | -19.72% | 減碼 |
| 18 | DUK | Duke Energy CORP | -0.1% | -11.72% | 減碼 |
| 19 | CVX | Chevron CORP | -0.1% | -14.95% | 減碼 |
| 20 | BBY | Best Buy Co Inc | -0.1% | -6.37% | 減碼 |
| 21 | EMR | Emerson Electric Co | -0.1% | -15.75% | 減碼 |
| 22 | FIS | Fidelity National Info Serv | -0.1% | -21.25% | 減碼 |
| 23 | SJM | Jm Smucker Co/the | -0.1% | -8.69% | 減碼 |
| 24 | AVGO | Broadcom Inc | -0.1% | -41.67% | 減碼 |
| 25 | CMCSA | Comcast Corp-class A | -0.1% | -20.35% | 減碼 |
| 26 | MET | Metlife Inc | -0.2% | -21.13% | 減碼 |
| 27 | INTC | Intel CORP | -0.2% | -63.21% | 減碼 |
| 28 | PM | Philip Morris International | -0.2% | -20.83% | 減碼 |
| 29 | NFG | National Fuel Gas Co | -0.2% | -29.85% | 減碼 |
| 30 | VZ | Verizon Communications Inc | -0.2% | -19.57% | 減碼 |
| 31 | BNY | Bank Of New York Mellon CORP | -0.2% | -48.41% | 減碼 |
| 32 | T | At&t Inc | -0.2% | -25.47% | 減碼 |
| 33 | ATO | Atmos Energy CORP | -0.2% | -69.70% | 減碼 |
| 34 | GPC | Genuine Parts Co | -0.2% | -20.26% | 減碼 |
| 35 | KMB | Kimberly-clark CORP | -0.2% | -16.06% | 減碼 |
| 36 | MDLZ | Mondelez International Inc-a | -0.3% | -13.64% | 減碼 |
| 37 | HPQ | Hp Inc | -0.3% | -14.50% | 減碼 |
| 38 | SPG | Simon Property Group Inc | -0.3% | -58.26% | 減碼 |
| 39 | RTX | Rtx CORP | -0.3% | -64.18% | 減碼 |
| 40 | IBM | Intl Business Machines CORP | -0.4% | -62.65% | 減碼 |
| 41 | TPR | Tapestry Inc | -0.5% | -89.89% | 減碼 |
| 42 | CSCO | Cisco Systems Inc | -0.6% | -47.75% | 減碼 |
| 43 | JPM | Jpmorgan Chase & Co | -1.1% | -61.28% | 減碼 |
| 44 | WY | Weyerhaeuser Co | — | NEW | 新建倉 |
| 45 | FITB | Fifth Third Bancorp | — | NEW | 新建倉 |
| 46 | KEL | Kellanova | — | EXIT | 清倉 |
| 47 | PPL | Ppl CORP | — | EXIT | 清倉 |
| 48 | KEY | Keycorp | — | EXIT | 清倉 |
| 49 | MTB | M & T Bank CORP | — | EXIT | 清倉 |
| 50 | TSN | Tyson Foods Inc-cl A | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Cantor Fitzgerald Investment Advisors L.p. 在 Q4 2025 季度的美股持倉總市值約為 US$14.8億，共申報了 185 個公開持股部位。
在 Q4 2025 季度，Cantor Fitzgerald Investment Advisors L.p. 按市值排列的前三大核心持股分別為：IVV (5.2%)、VOO (4.0%)、IEI (4.0%)。其中最大持股部位 IVV 佔據整體投資組合約 5.2% 的權重。
在 Q4 2025 季度中，Cantor Fitzgerald Investment Advisors L.p. 共進行了 50 項持倉異動，包含新建倉 2 個部位、加碼 6 個部位、減碼 37 個部位以及清倉 5 個部位。 其中最大新建倉標的為 WY。 本季清倉部位包含 KEL。
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。