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: 0001654847
申報總市值
US$5.5億
US$5.5億
153 檔
22.8%
在 Q4 2025 的 13F 官方備案中，Community Bank & Trust, Waco, Texas 管理的美股投資組合規模來到 US$5.5億，整體持股檔數為 153 檔。
數據顯示 Community Bank & Trust, Waco, Texas 於 Q4 2025 季度持續回收資金，對 34 個既有部位進行裁減並清倉 0 個標的，組合整體流動性比重有所上升。
從部位權重觀察，前 5 大標的（包含 AAPL, MSFT, NVDA）累計市值佔比達 22.8%，是驅動 Community Bank & Trust, Waco, Texas 該季度整體投資組合績效表現的核心支柱。
| # | 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 | AAPL | Apple Inc | 股票-科技 | 11.28% | +0.08% | -3.31% | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 4.33% | -0.37% | -2.19% | |
| 3 | NVDA | Nvidia CORP | 股票-科技 | 4.02% | +0.03% | -2.03% | |
| 4 | JPM | Jpmorgan Chase & Co | 股票-金融 | 3.27% | -0.05% | -2.33% | |
| 5 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 3.04% | +0.28% | -3.26% | |
| 6 | CAT | Caterpillar Inc | 股票-工業 | 2.79% | +1.05% | -4.21% | |
| 7 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 2.78% | -0.25% | -6.12% | |
| 8 | WMT | Walmart Inc | 股票-非循環性消費 | 2.56% | -0.57% | -3.79% | |
| 9 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.37% | +0.02% | -1.16% | |
| 10 | BX | Blackstone Inc | 股票-金融 | 2.36% | -0.26% | -2.03% | |
| 11 | JNJ | Johnson & Johnson | 股票-醫療保健 | 2.30% | -0.24% | -0.99% | |
| 12 | IBM | Intl Business Machines CORP | 股票-科技 | 2.14% | +0.07% | -1.53% | |
| 13 | LMT | Lockheed Martin CORP | 股票-工業 | 2.03% | -0.64% | -1.63% | |
| 14 | XOM | Exxon Mobil CORP | 股票-能源 | 2.00% | -0.82% | -4.53% | |
| 15 | VLO | Valero Energy CORP | 股票-能源 | 1.91% | -0.20% | -2.17% | |
| 16 | CSCO | Cisco Systems Inc | 股票-科技 | 1.63% | +0.53% | -3.35% | |
| 17 | AVGO | Broadcom Inc | 股票-科技 | 1.61% | +0.11% | -4.71% | |
| 18 | ABBV | Abbvie Inc | 股票-醫療保健 | 1.59% | +0.03% | -2.38% | |
| 19 | MCD | Mcdonald's CORP | 股票-循環性消費 | 1.58% | -0.35% | -1.39% | |
| 20 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 1.54% | -0.17% | -1.06% | |
| 21 | GD | General Dynamics CORP | 股票-工業 | 1.51% | -0.13% | -1.37% | |
| 22 | CVX | Chevron CORP | 股票-能源 | 1.46% | -0.57% | -1.61% | |
| 23 | HD | Home Depot Inc | 股票-循環性消費 | 1.29% | -0.07% | -4.36% | |
| 24 | PEP | Pepsico Inc | 股票-非循環性消費 | 1.23% | -0.31% | -2.03% | |
| 25 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.20% | +0.10% | -2.16% | |
| 26 | SO | Southern Co/the | 股票-公用事業 | 1.19% | -0.17% | -0.32% | |
| 27 | UNP | Union Pacific CORP | 股票-工業 | 1.11% | -0.02% | -1.97% | |
| 28 | LOW | Lowe's Cos Inc | 股票-循環性消費 | 1.10% | -0.18% | +0.21% | |
| 29 | MU | Micron Technology Inc | 股票-科技 | 1.09% | +2.43% | +1.18% | |
| 30 | PRU | Prudential Financial Inc | 股票-金融 | 1.08% | -0.02% | -2.58% | |
| 31 | ABT | Abbott Laboratories | 股票-醫療保健 | 1.01% | -0.19% | -2.89% | |
| 32 | PSX | Phillips 66 | 股票-能源 | 0.90% | -0.24% | -1.22% | |
| 33 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.89% | -0.07% | -5.03% | |
| 34 | ELV | Elevance Health Inc | 股票-醫療保健 | 0.88% | +0.13% | -5.30% | |
| 35 | MO | Altria Group Inc | 股票-非循環性消費 | 0.86% | -0.04% | -0.39% | |
| 36 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.84% | +0.22% | -8.37% | |
| 37 | PAYX | Paychex Inc | 股票-科技 | 0.75% | -0.05% | -10.55% | |
| 38 | MCHP | Microchip Technology Inc | 股票-科技 | 0.71% | +0.19% | -0.39% | |
| 39 | ICE | Intercontinental Exchange In | 股票-金融 | 0.70% | -0.20% | +1.26% | |
| 40 | VZ | Verizon Communications Inc | 股票-通訊服務 | 0.70% | -0.19% | -4.89% | |
| 41 | AMGN | Amgen Inc | 股票-醫療保健 | 0.68% | -0.04% | +1.13% | |
| 42 | NSC | Norfolk Southern CORP | 股票-工業 | 0.63% | -0.05% | -2.22% | |
| 43 | ORCL | Oracle CORP | 股票-科技 | 0.63% | -0.05% | +0.74% | |
| 44 | QCOM | Qualcomm Inc | 股票-科技 | 0.59% | -0.02% | -4.44% | |
| 45 | STX | Seagate Technology Holdings plc | 股票-科技 | 0.56% | +0.87% | +1.14% | |
| 46 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 0.54% | -0.02% | -0.20% | |
| 47 | RIO | Rio Tinto Plc-spon Adr | 股票-原物料 | 0.53% | -0.04% | +8.28% | |
| 48 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.53% | -0.02% | +5.43% | |
| 49 | BLK | Blackrock Inc | 股票-金融 | 0.51% | -0.04% | +2.02% | |
| 50 | AMD | Advanced Micro Devices | 股票-科技 | 0.50% | +0.67% | -3.60% |
| # | 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 | +0.6% | -3.26% | 減碼 |
| 2 | MU | Micron Technology Inc | +0.5% | +1.18% | 加碼 |
| 3 | CAT | Caterpillar Inc | +0.4% | -4.21% | 減碼 |
| 4 | AAPL | Apple Inc | +0.3% | -3.31% | 減碼 |
| 5 | GOOG | Alphabet Inc-cl C | +0.3% | -2.16% | 減碼 |
| 6 | JNJ | Johnson & Johnson | +0.2% | -0.99% | 減碼 |
| 7 | MRK | Merck & Co. Inc. | +0.1% | -5.03% | 減碼 |
| 8 | RIO | Rio Tinto Plc-spon Adr | +0.1% | +8.28% | 加碼 |
| 9 | CSCO | Cisco Systems Inc | +0.1% | -3.35% | 減碼 |
| 10 | AMD | Advanced Micro Devices | +0.1% | -3.60% | 減碼 |
| 11 | AMGN | Amgen Inc | +0.1% | +1.13% | 加碼 |
| 12 | WMT | Walmart Inc | +0.1% | -3.79% | 減碼 |
| 13 | AMZN | Amazon.com Inc | +0.1% | -1.16% | 減碼 |
| 14 | STX | Seagate Technology Holdings plc | +0.1% | +1.14% | 加碼 |
| 15 | LUV | Southwest Airlines Co | +0.1% | -0.21% | 減碼 |
| 16 | RY | Royal Bank Of Canada | +0.1% | +16.03% | 加碼 |
| 17 | CAH | Cardinal Health Inc | +0.1% | +3.20% | 加碼 |
| 18 | IBM | Intl Business Machines CORP | +0.1% | -1.53% | 減碼 |
| 19 | AMAT | Applied Materials Inc | +0.1% | +1.54% | 加碼 |
| 20 | PRU | Prudential Financial Inc | +0.1% | -2.58% | 減碼 |
| 21 | KO | Coca-cola Co/the | +0.1% | +5.43% | 加碼 |
| 22 | TMUS | T-mobile US Inc | -0.1% | -1.54% | 減碼 |
| 23 | PSX | Phillips 66 | -0.1% | -1.22% | 減碼 |
| 24 | CVX | Chevron CORP | -0.1% | -1.61% | 減碼 |
| 25 | ADP | Automatic Data Processing | -0.1% | -0.09% | 減碼 |
| 26 | ABBV | Abbvie Inc | -0.1% | -2.38% | 減碼 |
| 27 | BBY | Best Buy Co Inc | -0.1% | -6.27% | 減碼 |
| 28 | MDLZ | Mondelez International Inc-a | -0.1% | -6.12% | 減碼 |
| 29 | VZ | Verizon Communications Inc | -0.1% | -4.89% | 減碼 |
| 30 | SO | Southern Co/the | -0.1% | -0.32% | 減碼 |
| 31 | ABT | Abbott Laboratories | -0.1% | -2.89% | 減碼 |
| 32 | LMT | Lockheed Martin CORP | -0.1% | -1.63% | 減碼 |
| 33 | NVDA | Nvidia CORP | -0.1% | -2.03% | 減碼 |
| 34 | UNH | Unitedhealth Group Inc | -0.1% | -8.37% | 減碼 |
| 35 | PG | Procter & Gamble Co/the | -0.1% | -1.06% | 減碼 |
| 36 | MO | Altria Group Inc | -0.1% | -0.39% | 減碼 |
| 37 | VLO | Valero Energy CORP | -0.2% | -2.17% | 減碼 |
| 38 | BRK-B | Berkshire Hathaway Inc-cl B | -0.2% | -6.12% | 減碼 |
| 39 | PAYX | Paychex Inc | -0.2% | -10.55% | 減碼 |
| 40 | ORCL | Oracle CORP | -0.3% | +0.74% | 加碼 |
| 41 | HD | Home Depot Inc | -0.3% | -4.36% | 減碼 |
| 42 | BX | Blackstone Inc | -0.3% | -2.03% | 減碼 |
| 43 | MSFT | Microsoft CORP | -0.4% | -2.19% | 減碼 |
| 44 | GTO | Invesco Total Return Bond Et | — | NEW | 新建倉 |
| 45 | AGG | Ishares Core U.s. Aggregate | — | NEW | 新建倉 |
| 46 | BKLN | Invesco Senior Loan ETF | — | NEW | 新建倉 |
| 47 | VRIG | Invesco Variable Rate Invest | — | NEW | 新建倉 |
| 48 | FALN | Ishares Fallen Angels ETF | — | NEW | 新建倉 |
| 49 | JAAA | Janus Henderson Aaa Clo ETF | — | NEW | 新建倉 |
| 50 | GOVI | Invesco Equal Weight 0-30 Yr | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Community Bank & Trust, Waco, Texas 在 Q4 2025 季度的美股持倉總市值約為 US$5.5億，共申報了 153 個公開持股部位。
在 Q4 2025 季度，Community Bank & Trust, Waco, Texas 按市值排列的前三大核心持股分別為：AAPL (11.3%)、MSFT (4.3%)、NVDA (4.0%)。其中最大持股部位 AAPL 佔據整體投資組合約 11.3% 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
GTO
市值: US$41.8萬
本季最大獲利了結 / 清倉標的
AAPL
前期市值: US$5323.6萬
在 Q4 2025 季度中，Community Bank & Trust, Waco, Texas 共進行了 50 項持倉異動，包含新建倉 7 個部位、加碼 9 個部位、減碼 34 個部位以及清倉 0 個部位。 其中最大新建倉標的為 GTO。
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。