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
24.3%
在 Q1 2026 的 13F 官方備案中，Commerzbank Aktiengesellschaft /fi 管理的美股投資組合規模來到 US$50.0億，整體持股檔數為 354 檔。
數據顯示 Commerzbank Aktiengesellschaft /fi 於 Q1 2026 季度持續回收資金，對 97 個既有部位進行裁減並清倉 26 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，Commerzbank Aktiengesellschaft /fi 的前 5 大核心持股（包含 MSFT, GOOGL, AAPL 等）合計佔整體申報市值的 24.3%，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 | MSFT | Microsoft CORP | 股票-科技 | 5.96% | +0.29% | +21.45% | |
| 2 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 5.60% | +0.70% | -5.34% | |
| 3 | AAPL | Apple Inc | 股票-科技 | 5.54% | +0.12% | +1.37% | |
| 4 | CVX | Chevron CORP | 股票-能源 | 4.15% | -1.02% | +13.79% | |
| 5 | CSCO | Cisco Systems Inc | 股票-科技 | 4.13% | +0.86% | +8.10% | |
| 6 | KO | Coca-cola Co/the | 股票-非循環性消費 | 3.50% | -0.55% | -0.79% | |
| 7 | IBM | Intl Business Machines CORP | 股票-科技 | 3.46% | +0.49% | +5.56% | |
| 8 | V | Visa Inc-class A Shares | 股票-金融 | 3.19% | +0.30% | +0.69% | |
| 9 | JNJ | Johnson & Johnson | 股票-醫療保健 | 3.04% | +0.16% | -33.07% | |
| 10 | JPM | Jpmorgan Chase & Co | 股票-金融 | 2.98% | +0.22% | -0.32% | |
| 11 | XOM | Exxon Mobil CORP | 股票-能源 | 2.95% | -1.12% | +17.63% | |
| 12 | DB | Deutsche Bank Aktiengesellschaft | 股票-金融 | 2.91% | -2.23% | +43.57% | |
| 13 | AVGO | Broadcom Inc | 股票-科技 | 2.81% | +0.82% | +0.48% | |
| 14 | NVDA | Nvidia CORP | 股票-科技 | 2.72% | -0.08% | -10.27% | |
| 15 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.09% | +0.02% | +9.27% | |
| 16 | HON | Honeywell International Inc | 股票-工業 | 2.08% | -2.08% | EXIT | |
| 17 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 1.99% | +0.34% | +13.18% | |
| 18 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.70% | +0.09% | +6.74% | |
| 19 | CAT | Caterpillar Inc | 股票-工業 | 1.67% | -0.08% | -18.15% | |
| 20 | CMCSA | Comcast Corp-class A | 股票-通訊服務 | 1.53% | +0.42% | +295.49% | |
| 21 | CRM | Salesforce Inc | 股票-科技 | 1.49% | +0.35% | +440.41% | |
| 22 | VZ | Verizon Communications Inc | 股票-通訊服務 | 1.46% | -0.11% | +14.58% | |
| 23 | AMGN | Amgen Inc | 股票-醫療保健 | 1.43% | +0.09% | +31.13% | |
| 24 | MCD | Mcdonald's CORP | 股票-循環性消費 | 1.38% | +0.53% | -48.13% | |
| 25 | QCOM | Qualcomm Inc | 股票-科技 | 1.34% | -0.85% | +42.42% | |
| 26 | PEP | Pepsico Inc | 股票-非循環性消費 | 1.33% | -0.06% | +20.35% | |
| 27 | HD | Home Depot Inc | 股票-循環性消費 | 1.23% | +0.16% | +7.01% | |
| 28 | AEP | American Electric Power | 股票-公用事業 | 1.23% | -0.07% | +1039.67% | |
| 29 | GS | Goldman Sachs Group Inc | 股票-金融 | 1.13% | +0.06% | +1.10% | |
| 30 | PANW | Palo Alto Networks Inc | 股票-科技 | 1.00% | +0.48% | -0.95% | |
| 31 | HPQ | Hp Inc | 股票-科技 | 0.85% | +0.76% | +1462.52% | |
| 32 | MDLZ | Mondelez International Inc-a | 股票-非循環性消費 | 0.68% | -0.53% | +7.05% | |
| 33 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 0.66% | — | +0.40% | |
| 34 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.63% | +0.20% | -12.48% | |
| 35 | WM | Waste Management Inc | 股票-工業 | 0.62% | -0.35% | -8.29% | |
| 36 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.56% | -0.28% | +43.99% | |
| 37 | NFLX | Netflix Inc | 股票-通訊服務 | 0.55% | -0.16% | +4.66% | |
| 38 | ORCL | Oracle CORP | 股票-科技 | 0.55% | +0.06% | +6.37% | |
| 39 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.50% | +0.05% | -43.16% | |
| 40 | MA | Mastercard Inc - A | 股票-金融 | 0.44% | +0.08% | -26.30% | |
| 41 | WMT | Walmart Inc | 股票-非循環性消費 | 0.44% | +0.14% | +22.57% | |
| 42 | BAC | Bank Of America CORP | 股票-金融 | 0.37% | -0.03% | +36.92% | |
| 43 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.34% | -0.05% | +5.00% | |
| 44 | CME | Cme Group Inc | 股票-金融 | 0.34% | -0.09% | -7.61% | |
| 45 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.33% | -0.13% | -9.26% | |
| 46 | GE | General Electric | 股票-工業 | 0.33% | -0.01% | -26.54% | |
| 47 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.32% | -0.01% | +9.09% | |
| 48 | T | At&t Inc | 股票-通訊服務 | 0.32% | +0.02% | -88.44% | |
| 49 | BLK | Blackrock Inc | 股票-金融 | 0.27% | +0.03% | +82.30% | |
| 50 | ACN | Accenture plc | 股票-科技 | 0.26% | -0.04% | +7.44% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | CVX | Chevron CORP | +1.5% | +13.79% | 加碼 |
| 2 | XOM | Exxon Mobil CORP | +1.2% | +17.63% | 加碼 |
| 3 | AEP | American Electric Power | +1.1% | +1039.67% | 加碼 |
| 4 | CMCSA | Comcast Corp-class A | +1.1% | +295.49% | 加碼 |
| 5 | CRM | Salesforce Inc | +1.1% | +440.41% | 加碼 |
| 6 | HPQ | Hp Inc | +0.8% | +1462.52% | 加碼 |
| 7 | VZ | Verizon Communications Inc | +0.5% | +14.58% | 加碼 |
| 8 | AMGN | Amgen Inc | +0.4% | +31.13% | 加碼 |
| 9 | CSCO | Cisco Systems Inc | +0.4% | +8.10% | 加碼 |
| 10 | HON | Honeywell International Inc | +0.4% | +4.43% | 加碼 |
| 11 | DB | Deutsche Bank Aktiengesellschaft | +0.4% | +43.57% | 加碼 |
| 12 | PEP | Pepsico Inc | +0.3% | +20.35% | 加碼 |
| 13 | KO | Coca-cola Co/the | +0.3% | -0.79% | 減碼 |
| 14 | PG | Procter & Gamble Co/the | +0.3% | +13.18% | 加碼 |
| 15 | WMT | Walmart Inc | +0.1% | +22.57% | 加碼 |
| 16 | QCOM | Qualcomm Inc | +0.1% | +42.42% | 加碼 |
| 17 | BLK | Blackrock Inc | +0.1% | +82.30% | 加碼 |
| 18 | PLTR | Palantir Technologies Inc-a | +0.1% | +186.96% | 加碼 |
| 19 | NOW | Servicenow Inc | +0.1% | +229.39% | 加碼 |
| 20 | MDLZ | Mondelez International Inc-a | +0.1% | +7.05% | 加碼 |
| 21 | UNH | Unitedhealth Group Inc | +0.1% | +43.99% | 加碼 |
| 22 | GLW | Corning Inc | +0.1% | +591.79% | 加碼 |
| 23 | MMM | 3m Co | +0.1% | +190.29% | 加碼 |
| 24 | COST | Costco Wholesale CORP | +0.1% | +25.40% | 加碼 |
| 25 | TSM | Taiwan Semiconductor-sp Adr | +0.1% | +361.13% | 加碼 |
| 26 | BAC | Bank Of America CORP | +0.1% | +36.92% | 加碼 |
| 27 | CAT | Caterpillar Inc | +0.1% | -18.15% | 減碼 |
| 28 | CVS | Cvs Health CORP | +0.1% | +87.50% | 加碼 |
| 29 | NEM | Newmont CORP | +0.1% | +72.47% | 加碼 |
| 30 | HD | Home Depot Inc | +0.1% | +7.01% | 加碼 |
| 31 | ELV | Elevance Health Inc | +0.1% | +164.72% | 加碼 |
| 32 | HAL | Halliburton Co | +0.1% | +15.15% | 加碼 |
| 33 | AMAT | Applied Materials Inc | +0.1% | -5.20% | 減碼 |
| 34 | NFLX | Netflix Inc | +0.1% | +4.66% | 加碼 |
| 35 | MPWR | Monolithic Power Systems Inc | 0% | +610.30% | 加碼 |
| 36 | CTSH | Cognizant Tech Solutions-a | 0% | +1138.82% | 加碼 |
| 37 | HWM | Howmet Aerospace Inc | 0% | +301.18% | 加碼 |
| 38 | COP | Conocophillips | 0% | -12.02% | 減碼 |
| 39 | TJX | Tjx Companies Inc | 0% | +123.13% | 加碼 |
| 40 | DUK | Duke Energy CORP | 0% | +6.92% | 加碼 |
| 41 | TRV | Travelers Cos Inc/the | 0% | +25.83% | 加碼 |
| 42 | CRH | CRH plc | 0% | +437.99% | 加碼 |
| 43 | C | Citigroup Inc | 0% | +62.46% | 加碼 |
| 44 | HRL | Hormel Foods CORP | 0% | +252.27% | 加碼 |
| 45 | LIN | Linde plc | 0% | +1.19% | 加碼 |
| 46 | LOW | Lowe's Cos Inc | 0% | +29.16% | 加碼 |
| 47 | MAA | Mid-america Apartment Comm | 0% | +92.32% | 加碼 |
| 48 | DGX | Quest Diagnostics Inc | 0% | +121.32% | 加碼 |
| 49 | KLAC | Kla CORP | 0% | -10.42% | 減碼 |
| 50 | BRK-B | Berkshire Hathaway Inc-cl B | 0% | +9.09% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Commerzbank Aktiengesellschaft /fi 在 Q1 2026 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 Q1 2026 季度，Commerzbank Aktiengesellschaft /fi 按市值排列的前三大核心持股分別為：MSFT (6.0%)、GOOGL (5.6%)、AAPL (5.5%)。其中最大持股部位 MSFT 佔據整體投資組合約 6.0% 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
DOW
市值: US$684.8萬
本季最大獲利了結 / 清倉標的
SOLS
前期市值: US$321.1萬
在 Q1 2026 季度中，Commerzbank Aktiengesellschaft /fi 共進行了 200 項持倉異動，包含新建倉 10 個部位、加碼 67 個部位、減碼 97 個部位以及清倉 26 個部位。 其中最大新建倉標的為 DOW。 本季清倉部位包含 SOLS。
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。