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: 0000852933
申報總市值
US$50.0億
US$50.0億
354 檔
26.7%
在 Q3 2025 申報期間，Commerzbank Aktiengesellschaft /fi（CIK: 0000852933）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$50.0億，共持有 354 個公開申報部位。
在 Q3 2025，Commerzbank Aktiengesellschaft /fi 進行了溫和的常態性持倉調整（包含新建倉 0 檔、加碼 27 檔、減碼 22 檔與清倉 1 檔），整體投資組合架構維持相對穩定。
在資產配置集中度方面，Commerzbank Aktiengesellschaft /fi 的前 5 大核心持股（包含 GOOGL, MSFT, AAPL 等）合計佔整體申報市值的 26.7%，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 354 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 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 7.46% | +0.70% | -12.72% | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 7.36% | +0.29% | -23.84% | |
| 3 | AAPL | Apple Inc | 股票-科技 | 5.85% | +0.12% | +3.92% | |
| 4 | AVGO | Broadcom Inc | 股票-科技 | 3.61% | +0.82% | -17.58% | |
| 5 | V | Visa Inc-class A Shares | 股票-金融 | 3.52% | +0.30% | +48.17% | |
| 6 | NVDA | Nvidia CORP | 股票-科技 | 3.47% | -0.08% | -8.26% | |
| 7 | JNJ | Johnson & Johnson | 股票-醫療保健 | 3.30% | +0.16% | +1.97% | |
| 8 | JPM | Jpmorgan Chase & Co | 股票-金融 | 3.23% | +0.22% | -5.61% | |
| 9 | IBM | Intl Business Machines CORP | 股票-科技 | 3.19% | +0.49% | +6.34% | |
| 10 | KO | Coca-cola Co/the | 股票-非循環性消費 | 2.86% | -0.55% | +8.63% | |
| 11 | CVX | Chevron CORP | 股票-能源 | 2.71% | -1.02% | +2.39% | |
| 12 | MCD | Mcdonald's CORP | 股票-循環性消費 | 2.36% | +0.53% | +2.47% | |
| 13 | DB | Deutsche Bank Aktiengesellschaft | 股票-金融 | 2.30% | -2.23% | +573.99% | |
| 14 | CSCO | Cisco Systems Inc | 股票-科技 | 2.26% | +0.86% | +3.95% | |
| 15 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.19% | +0.02% | +2.94% | |
| 16 | T | At&t Inc | 股票-通訊服務 | 2.18% | +0.02% | +1.31% | |
| 17 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.01% | +0.09% | -0.72% | |
| 18 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 1.83% | +0.34% | -8.04% | |
| 19 | XOM | Exxon Mobil CORP | 股票-能源 | 1.64% | -1.12% | +13.66% | |
| 20 | QCOM | Qualcomm Inc | 股票-科技 | 1.63% | -0.85% | +1.72% | |
| 21 | CAT | Caterpillar Inc | 股票-工業 | 1.49% | -0.08% | -10.09% | |
| 22 | PANW | Palo Alto Networks Inc | 股票-科技 | 1.48% | +0.48% | +3.78% | |
| 23 | HON | Honeywell International Inc | 股票-工業 | 1.33% | -2.08% | EXIT | |
| 24 | ORCL | Oracle CORP | 股票-科技 | 1.08% | +0.06% | -28.18% | |
| 25 | HD | Home Depot Inc | 股票-循環性消費 | 1.06% | +0.16% | +7.46% | |
| 26 | GS | Goldman Sachs Group Inc | 股票-金融 | 1.01% | +0.06% | +10.35% | |
| 27 | PEP | Pepsico Inc | 股票-非循環性消費 | 0.96% | -0.06% | +27.16% | |
| 28 | AMGN | Amgen Inc | 股票-醫療保健 | 0.95% | +0.09% | -50.25% | |
| 29 | TMUS | T-mobile US Inc | 股票-通訊服務 | 0.80% | -0.02% | -1.66% | |
| 30 | NFLX | Netflix Inc | 股票-通訊服務 | 0.69% | -0.16% | +20.73% | |
| 31 | ABT | Abbott Laboratories | 股票-醫療保健 | 0.68% | -0.04% | +9.28% | |
| 32 | MA | Mastercard Inc - A | 股票-金融 | 0.67% | +0.08% | +18.74% | |
| 33 | MDLZ | Mondelez International Inc-a | 股票-非循環性消費 | 0.66% | -0.53% | +12.56% | |
| 34 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 0.65% | — | -10.99% | |
| 35 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.63% | +0.20% | -1.83% | |
| 36 | WM | Waste Management Inc | 股票-工業 | 0.61% | -0.35% | +23.82% | |
| 37 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.61% | +0.05% | +75.12% | |
| 38 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.53% | -0.28% | +34.13% | |
| 39 | GE | General Electric | 股票-工業 | 0.51% | -0.01% | +7.32% | |
| 40 | PYPL | Paypal Holdings Inc | 股票-金融 | 0.51% | +1.29% | +766.06% | |
| 41 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 0.48% | -0.02% | +4.46% | |
| 42 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.43% | -0.13% | -30.52% | |
| 43 | CMCSA | Comcast Corp-class A | 股票-通訊服務 | 0.37% | +0.42% | +6.37% | |
| 44 | CME | Cme Group Inc | 股票-金融 | 0.33% | -0.09% | +18.43% | |
| 45 | INTC | Intel CORP | 股票-科技 | 0.32% | +0.04% | +6.72% | |
| 46 | ACN | Accenture plc | 股票-科技 | 0.31% | -0.04% | +23.10% | |
| 47 | VZ | Verizon Communications Inc | 股票-通訊服務 | 0.31% | -0.11% | +26.44% | |
| 48 | CRM | Salesforce Inc | 股票-科技 | 0.31% | +0.35% | +8.28% | |
| 49 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.31% | -0.05% | -6.11% | |
| 50 | TXN | Texas Instruments Inc | 股票-科技 | 0.30% | -0.11% | +121.92% |
| # | 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 | +1.4% | -12.72% | 減碼 |
| 2 | DB | Deutsche Bank Aktiengesellschaft | +1.4% | +573.99% | 加碼 |
| 3 | KO | Coca-cola Co/the | +1.2% | +8.63% | 加碼 |
| 4 | NVDA | Nvidia CORP | +1.1% | -8.26% | 減碼 |
| 5 | V | Visa Inc-class A Shares | +0.9% | +48.17% | 加碼 |
| 6 | CVX | Chevron CORP | +0.5% | +2.39% | 加碼 |
| 7 | NFLX | Netflix Inc | +0.5% | +20.73% | 加碼 |
| 8 | PEP | Pepsico Inc | +0.5% | +27.16% | 加碼 |
| 9 | T | At&t Inc | +0.5% | +1.31% | 加碼 |
| 10 | PYPL | Paypal Holdings Inc | +0.5% | +766.06% | 加碼 |
| 11 | AAPL | Apple Inc | +0.4% | +3.92% | 加碼 |
| 12 | GS | Goldman Sachs Group Inc | +0.3% | +10.35% | 加碼 |
| 13 | IBM | Intl Business Machines CORP | +0.3% | +6.34% | 加碼 |
| 14 | MRK | Merck & Co. Inc. | +0.3% | +75.12% | 加碼 |
| 15 | EQIX | Equinix Inc | +0.2% | +256.79% | 加碼 |
| 16 | BKNG | Booking Holdings Inc | +0.2% | +4.46% | 加碼 |
| 17 | ANET | Arista Networks Inc | +0.2% | +433.25% | 加碼 |
| 18 | BLK | Blackrock Inc | +0.2% | +165.47% | 加碼 |
| 19 | ABBV | Abbvie Inc | +0.1% | -30.52% | 加碼 |
| 20 | MNST | Monster Beverage CORP | +0.1% | +76.34% | 加碼 |
| 21 | MA | Mastercard Inc - A | +0.1% | +18.74% | 加碼 |
| 22 | VZ | Verizon Communications Inc | +0.1% | +26.44% | 加碼 |
| 23 | TXN | Texas Instruments Inc | +0.1% | +121.92% | 加碼 |
| 24 | TSLA | Tesla Inc | +0.1% | +8.01% | 加碼 |
| 25 | SBUX | Starbucks CORP | +0.1% | +51.83% | 加碼 |
| 26 | GE | General Electric | +0.1% | +7.32% | 減碼 |
| 27 | AEP | American Electric Power | +0.1% | +462.13% | 加碼 |
| 28 | AMT | American Tower CORP | +0.1% | +92.40% | 加碼 |
| 29 | AMZN | Amazon.com Inc | +0.1% | -0.72% | 加碼 |
| 30 | GOOG | Alphabet Inc-cl C | +0.1% | -6.11% | 減碼 |
| 31 | WM | Waste Management Inc | 0% | +23.82% | 加碼 |
| 32 | PANW | Palo Alto Networks Inc | 0% | +3.78% | 減碼 |
| 33 | CSCO | Cisco Systems Inc | -0.1% | +3.95% | 減碼 |
| 34 | JPM | Jpmorgan Chase & Co | -0.1% | -5.61% | 減碼 |
| 35 | SYK | Stryker CORP | -0.3% | -55.20% | 減碼 |
| 36 | CRM | Salesforce Inc | -0.3% | +8.28% | 減碼 |
| 37 | TMO | Thermo Fisher Scientific Inc | -0.3% | -10.99% | 減碼 |
| 38 | TMUS | T-mobile US Inc | -0.4% | -1.66% | 減碼 |
| 39 | XOM | Exxon Mobil CORP | -0.5% | +13.66% | 減碼 |
| 40 | UBER | Uber Technologies Inc | -0.6% | -28.05% | 減碼 |
| 41 | MSFT | Microsoft CORP | -0.6% | -23.84% | 減碼 |
| 42 | HD | Home Depot Inc | -0.6% | +7.46% | 減碼 |
| 43 | QCOM | Qualcomm Inc | -0.7% | +1.72% | 減碼 |
| 44 | HON | Honeywell International Inc | -0.9% | +4.59% | 減碼 |
| 45 | CAT | Caterpillar Inc | -0.9% | -10.09% | 減碼 |
| 46 | MDLZ | Mondelez International Inc-a | -0.9% | +12.56% | 減碼 |
| 47 | AMGN | Amgen Inc | -1.4% | -50.25% | 減碼 |
| 48 | META | Meta Platforms Inc-class A | -1.6% | +2.94% | 減碼 |
| 49 | PG | Procter & Gamble Co/the | -1.8% | -8.04% | 減碼 |
| 50 | RACE | Ferrari N.V. | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Commerzbank Aktiengesellschaft /fi 在 Q3 2025 季度的美股持倉總市值約為 US$50.0億，共申報了 354 個公開持股部位。
在 Q3 2025 季度，Commerzbank Aktiengesellschaft /fi 按市值排列的前三大核心持股分別為：GOOGL (7.5%)、MSFT (7.4%)、AAPL (5.8%)。其中最大持股部位 GOOGL 佔據整體投資組合約 7.5% 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。
本季最大獲利了結 / 清倉標的
RACE
前期市值: US$3755.6萬
在 Q3 2025 季度中，Commerzbank Aktiengesellschaft /fi 共進行了 50 項持倉異動，包含新建倉 0 個部位、加碼 27 個部位、減碼 22 個部位以及清倉 1 個部位。 本季清倉部位包含 RACE。
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。