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: 0001083190
申報總市值
US$205.9億
US$205.9億
1698 檔
20.0%
Commonwealth Of Pennsylvania Public School Empls Retrmt Sys 在 Q3 2025 季度的美股部位總計估值為 US$205.9億，分散於 1698 個持倉標的之中，反映其市場參與廣度與投資規模。
Commonwealth Of Pennsylvania Public School Empls Retrmt Sys 於 Q3 2025 展現出進攻型調倉步調，本季推動了 6 檔股票的新建倉與 38 檔既有部位加碼，整體資金傾向擴大在美股市場的曝險佈局。
在資產配置集中度方面，Commonwealth Of Pennsylvania Public School Empls Retrmt Sys 的前 5 大核心持股（包含 NVDA, MSFT, AAPL 等）合計佔整體申報市值的 20.0%，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 1698 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 | 5.48% | +0.17% | -2.04% | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 4.64% | -0.29% | -2.08% | |
| 3 | AAPL | Apple Inc | 股票-科技 | 4.55% | +0.14% | -2.71% | |
| 4 | RSP | Invesco S&p 500 Equal Weight | ETF-大型股與成長 | 3.40% | +0.48% | +76.09% | |
| 5 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.57% | +0.09% | +0.57% | |
| 6 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.92% | -0.16% | -2.19% | |
| 7 | AVGO | Broadcom Inc | 股票-科技 | 1.87% | +0.18% | -2.06% | |
| 8 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.70% | +0.26% | -2.14% | |
| 9 | NEE | Nextera Energy Inc | 股票-公用事業 | 1.55% | -0.35% | +5.30% | |
| 10 | TSLA | Tesla Inc | 股票-循環性消費 | 1.50% | +0.03% | -1.95% | |
| 11 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.37% | +0.20% | -2.61% | |
| 12 | UNP | Union Pacific CORP | 股票-工業 | 1.13% | -0.04% | +4.93% | |
| 13 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.11% | -0.06% | -2.09% | |
| 14 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.04% | — | -3.12% | |
| 15 | SO | Southern Co/the | 股票-公用事業 | 0.99% | -0.13% | -2.02% | |
| 16 | DUK | Duke Energy CORP | 股票-公用事業 | 0.91% | -0.16% | -2.03% | |
| 17 | AMT | American Tower CORP | 股票-房地產 | 0.89% | -0.14% | +18.19% | |
| 18 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.73% | +0.16% | -1.04% | |
| 19 | V | Visa Inc-class A Shares | 股票-金融 | 0.70% | -0.60% | EXIT | |
| 20 | WMB | Williams Cos Inc | 股票-能源 | 0.67% | -0.72% | EXIT | |
| 21 | NFLX | Netflix Inc | 股票-通訊服務 | 0.61% | -0.16% | -2.24% | |
| 22 | AEP | American Electric Power | 股票-公用事業 | 0.60% | -0.01% | +2.95% | |
| 23 | XOM | Exxon Mobil CORP | 股票-能源 | 0.58% | -0.23% | -3.15% | |
| 24 | MA | Mastercard Inc - A | 股票-金融 | 0.57% | -0.04% | -0.35% | |
| 25 | ORCL | Oracle CORP | 股票-科技 | 0.56% | -0.03% | -0.24% | |
| 26 | SRE | Sempra | 股票-公用事業 | 0.56% | -0.10% | -2.03% | |
| 27 | NSC | Norfolk Southern CORP | 股票-工業 | 0.55% | -0.03% | +5.17% | |
| 28 | WMT | Walmart Inc | 股票-非循環性消費 | 0.54% | -0.65% | EXIT | |
| 29 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.54% | -0.04% | -2.00% | |
| 30 | CSX | Csx CORP | 股票-工業 | 0.54% | — | +5.19% | |
| 31 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.50% | -0.11% | +4.69% | |
| 32 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.49% | -0.07% | -2.13% | |
| 33 | D | Dominion Energy Inc | 股票-公用事業 | 0.49% | -0.02% | -2.03% | |
| 34 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.49% | +0.02% | -2.08% | |
| 35 | HD | Home Depot Inc | 股票-循環性消費 | 0.49% | -0.01% | -1.99% | |
| 36 | KMI | Kinder Morgan, Inc. | 股票-能源 | 0.47% | -0.08% | +3.02% | |
| 37 | LNG | Cheniere Energy Inc | 股票-能源 | 0.47% | -0.19% | +3.87% | |
| 38 | XEL | Xcel Energy Inc | 股票-公用事業 | 0.45% | -0.42% | EXIT | |
| 39 | EXC | Exelon CORP | 股票-公用事業 | 0.44% | -0.08% | -0.86% | |
| 40 | CCI | Crown Castle Inc | 股票-房地產 | 0.44% | -0.06% | +26.16% | |
| 41 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.43% | -0.03% | -2.18% | |
| 42 | BAC | Bank Of America CORP | 股票-金融 | 0.42% | +0.02% | +1.82% | |
| 43 | PEG | Public Service Enterprise Gp | 股票-公用事業 | 0.41% | -0.05% | +0.05% | |
| 44 | OKE | Oneok Inc | 股票-能源 | 0.40% | -0.07% | +4.31% | |
| 45 | ETR | Entergy CORP | 股票-公用事業 | 0.39% | -0.04% | +1.04% | |
| 46 | GE | General Electric | 股票-工業 | 0.38% | +0.07% | -2.63% | |
| 47 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.38% | +0.11% | -2.25% | |
| 48 | WEC | Wec Energy Group Inc | 股票-公用事業 | 0.37% | -0.34% | EXIT | |
| 49 | PCG | P G & E CORP | 股票-公用事業 | 0.36% | -0.10% | +13.66% | |
| 50 | CVX | Chevron CORP | 股票-能源 | 0.36% | -0.13% | +16.02% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | RSP | Invesco S&p 500 Equal Weight | +2.5% | +76.09% | 加碼 |
| 2 | NVDA | Nvidia CORP | +1.9% | -2.04% | 加碼 |
| 3 | MSFT | Microsoft CORP | +0.9% | -2.08% | 加碼 |
| 4 | AVGO | Broadcom Inc | +0.8% | -2.06% | 加碼 |
| 5 | TSLA | Tesla Inc | +0.5% | -1.95% | 加碼 |
| 6 | GOOGL | Alphabet Inc-cl A | +0.5% | -2.14% | 加碼 |
| 7 | GOOG | Alphabet Inc-cl C | +0.4% | -2.61% | 加碼 |
| 8 | PLTR | Palantir Technologies Inc-a | +0.3% | +4.69% | 加碼 |
| 9 | ORCL | Oracle CORP | +0.3% | -0.24% | 加碼 |
| 10 | META | Meta Platforms Inc-class A | +0.2% | -2.19% | 加碼 |
| 11 | AMZN | Amazon.com Inc | +0.2% | +0.57% | 加碼 |
| 12 | JPM | Jpmorgan Chase & Co | +0.1% | -3.12% | 加碼 |
| 13 | AMD | Advanced Micro Devices | +0.1% | -2.00% | 加碼 |
| 14 | MU | Micron Technology Inc | +0.1% | -1.95% | 加碼 |
| 15 | GE | General Electric | +0.1% | -2.63% | 加碼 |
| 16 | GEV | GE Vernova Inc | +0.1% | -2.34% | 加碼 |
| 17 | NSC | Norfolk Southern CORP | +0.1% | +5.17% | 加碼 |
| 18 | NFLX | Netflix Inc | +0.1% | -2.24% | 加碼 |
| 19 | LRCX | Lam Research CORP | +0.1% | -3.12% | 加碼 |
| 20 | APH | Amphenol Corp-cl A | +0.1% | -1.17% | 加碼 |
| 21 | ANET | Arista Networks Inc | +0.1% | -2.01% | 加碼 |
| 22 | COF | Capital One Financial CORP | +0.1% | -2.11% | 加碼 |
| 23 | GS | Goldman Sachs Group Inc | +0.1% | -3.40% | 加碼 |
| 24 | CAT | Caterpillar Inc | +0.1% | -2.47% | 加碼 |
| 25 | AAPL | Apple Inc | +0.1% | -2.71% | 加碼 |
| 26 | SRE | Sempra | +0.1% | -2.03% | 加碼 |
| 27 | BAC | Bank Of America CORP | +0.1% | +1.82% | 加碼 |
| 28 | CSX | Csx CORP | 0% | +5.19% | 加碼 |
| 29 | C | Citigroup Inc | 0% | -3.49% | 加碼 |
| 30 | UBER | Uber Technologies Inc | 0% | -2.36% | 加碼 |
| 31 | WMT | Walmart Inc | 0% | -0.53% | 加碼 |
| 32 | WELL | Welltower Inc | 0% | -32.67% | 加碼 |
| 33 | SE | Sea Ltd-adr | 0% | -0.00% | 減碼 |
| 34 | JNJ | Johnson & Johnson | — | -2.00% | 加碼 |
| 35 | LNG | Cheniere Energy Inc | — | +3.87% | 加碼 |
| 36 | WMB | Williams Cos Inc | 0% | +3.79% | 加碼 |
| 37 | NEE | Nextera Energy Inc | -0.1% | +5.30% | 加碼 |
| 38 | OKE | Oneok Inc | -0.2% | +4.31% | 加碼 |
| 39 | UNH | Unitedhealth Group Inc | -0.3% | -2.25% | 加碼 |
| 40 | SPY | Ss Spdr S&p 500 ETF Trust-us | -1.6% | -71.36% | 減碼 |
| 41 | AGG | Ishares Core U.s. Aggregate | — | EXIT | 清倉 |
| 42 | EMB | Ishares Jp Morgan Usd Emergi | — | EXIT | 清倉 |
| 43 | APP | Applovin Corp-class A | — | NEW | 新建倉 |
| 44 | HOOD | Robinhood Markets Inc - A | — | NEW | 新建倉 |
| 45 | EWJ | Ishares Msci Japan ETF | — | NEW | 新建倉 |
| 46 | COIN | Coinbase Global Inc -class A | — | NEW | 新建倉 |
| 47 | IEMG | Ishares Core Msci Emerging | — | EXIT | 清倉 |
| 48 | DXCM 0.25 11-15-25債券 | Dexcom Inc | — | NEW | 新建倉 |
| 49 | ✓ | Inter & Co Inc | — | NEW | 新建倉 |
| 50 | TDOC 0.875 06-01-25債券 | Livongo Health | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Commonwealth Of Pennsylvania Public School Empls Retrmt Sys 在 Q3 2025 季度的美股持倉總市值約為 US$205.9億，共申報了 1698 個公開持股部位。
在 Q3 2025 季度，Commonwealth Of Pennsylvania Public School Empls Retrmt Sys 按市值排列的前三大核心持股分別為：NVDA (5.5%)、MSFT (4.6%)、AAPL (4.5%)。其中最大持股部位 NVDA 佔據整體投資組合約 5.5% 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。
本季最大新建倉標的
APP
市值: US$4671.2萬
本季最大獲利了結 / 清倉標的
AGG
前期市值: US$3.9億
在 Q3 2025 季度中，Commonwealth Of Pennsylvania Public School Empls Retrmt Sys 共進行了 50 項持倉異動，包含新建倉 6 個部位、加碼 38 個部位、減碼 2 個部位以及清倉 4 個部位。 其中最大新建倉標的為 APP。 本季清倉部位包含 AGG。
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。