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: 0001596800
申報總市值
US$527.9億
US$527.9億
1508 檔
10.9%
根據最新整理的 13F 季度數據集，Connor, Clark & Lunn Investment Management Ltd. 於 Q4 2025 結束時的管理資產規模為 US$527.9億。該機構在本季度申報了 1508 檔美股持倉，呈現出該時期的主要投資地圖。
在 Q4 2025，Connor, Clark & Lunn Investment Management Ltd. 操作展現出積極擴展與加碼意向。本季共新建倉 22 個新部位，並對 105 個既有持股進行加碼（合計增持 127 檔），相較減碼與清倉部位顯著佔優。
整體而言，Connor, Clark & Lunn Investment Management Ltd. 的前 5 大持股（包含 RY, AEM, SHOP）貢獻了組合市值的 10.9%，形成該機構在 Q4 2025 季度的基本面基石。
僅顯示前 200 大持股（共 1508 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 | RY | Royal Bank Of Canada | 股票-金融 | 5.16% | +0.24% | +3.48% | |
| 2 | AEM | Agnico Eagle Mines LTD | 股票-原物料 | 2.90% | -0.93% | +2.14% | |
| 3 | SHOP | Shopify Inc - Class A | 股票-科技 | 2.62% | -0.47% | -5.87% | |
| 4 | TD | Toronto-dominion Bank | 股票-金融 | 2.25% | +0.44% | -9.81% | |
| 5 | CM | Can Imperial Bk Of Commerce | 股票-金融 | 2.19% | -0.25% | -10.81% | |
| 6 | NVDA | Nvidia CORP | 股票-科技 | 2.17% | +0.15% | +7.74% | |
| 7 | BNS | Bank Of Nova Scotia | 股票-金融 | 1.97% | -0.42% | +32.46% | |
| 8 | AAPL | Apple Inc | 股票-科技 | 1.62% | +0.24% | +26.88% | |
| 9 | PBUS | Invesco Msci USA ETF | ETF-其他 | 1.62% | -0.09% | — | |
| 10 | MSFT | Microsoft CORP | 股票-科技 | 1.46% | -0.05% | -0.94% | |
| 11 | TRP | Tc Energy CORP | 股票-能源 | 1.39% | -0.03% | +18.69% | |
| 12 | CLS | Celestica Inc | 股票-科技 | 1.26% | +0.20% | +2.00% | |
| 13 | ENB | Enbridge Inc | 股票-能源 | 1.24% | -0.06% | +36.73% | |
| 14 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.22% | +0.18% | +13.73% | |
| 15 | B | Barrick Mining CORP | 股票-原物料 | 1.15% | -0.28% | +11.61% | |
| 16 | SU | Suncor Energy Inc | 股票-能源 | 1.14% | -0.66% | -1.70% | |
| 17 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.13% | — | +1.79% | |
| 18 | CCJ | Cameco CORP | 股票-能源 | 1.04% | -0.35% | +0.49% | |
| 19 | CP | Canadian Pacific Kansas City | 股票-工業 | 1.02% | +0.24% | +19.39% | |
| 20 | KGC | Kinross Gold CORP | 股票-原物料 | 0.91% | -0.25% | -12.86% | |
| 21 | AVGO | Broadcom Inc | 股票-科技 | 0.86% | +0.52% | +94.66% | |
| 22 | CNI | Canadian Natl Railway Co | 股票-工業 | 0.80% | +0.19% | +41.48% | |
| 23 | ASML | ASML Holding N.V. | 股票-科技 | 0.77% | +0.41% | +492.10% | |
| 24 | MFC | Manulife Financial CORP | 股票-金融 | 0.72% | -0.05% | -18.91% | |
| 25 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 0.72% | +0.40% | +74.80% | |
| 26 | BMO | Bank Of Montreal | 股票-金融 | 0.70% | +0.63% | -9.22% | |
| 27 | V | Visa Inc-class A Shares | 股票-金融 | 0.70% | +0.08% | +46.11% | |
| 28 | BN | Brookfield CORP | 股票-金融 | 0.66% | -0.07% | +89.36% | |
| 29 | VALE | Vale Sa-sp Adr | 股票-原物料 | 0.61% | -0.23% | +36.12% | |
| 30 | WCN | Waste Connections Inc | 股票-工業 | 0.61% | +0.16% | +4.27% | |
| 31 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 0.59% | +0.06% | +158.74% | |
| 32 | FTS | Fortis Inc | 股票-公用事業 | 0.58% | -0.03% | +14.37% | |
| 33 | GE | General Electric | 股票-工業 | 0.55% | -0.17% | +20198.84% | |
| 34 | PAAS | Pan American Silver CORP | 股票-原物料 | 0.54% | -0.14% | -8.08% | |
| 35 | CNQ | Canadian Natural Resources | 股票-能源 | 0.53% | -0.41% | -37.37% | |
| 36 | MU | Micron Technology Inc | 股票-科技 | 0.53% | +0.44% | +33.58% | |
| 37 | XOM | Exxon Mobil CORP | 股票-能源 | 0.49% | -0.17% | +134.25% | |
| 38 | BAM | Brookfield Asset Mgmt-a | 股票-金融 | 0.49% | -0.02% | -8.37% | |
| 39 | LOW | Lowe's Cos Inc | 股票-循環性消費 | 0.48% | +0.01% | +50.03% | |
| 40 | MA | Mastercard Inc - A | 股票-金融 | 0.48% | -0.17% | +440.57% | |
| 41 | SHEL | Shell Plc-adr | 股票-能源 | 0.48% | -0.25% | +227.32% | |
| 42 | AMD | Advanced Micro Devices | 股票-科技 | 0.47% | +0.48% | -2.31% | |
| 43 | HBM | Hudbay Minerals Inc | 股票-其他 | 0.46% | -0.15% | +35.83% | |
| 44 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.46% | -0.08% | -25.50% | |
| 45 | SLF | Sun Life Financial Inc | 股票-金融 | 0.45% | -0.01% | -25.08% | |
| 46 | ADBE | Adobe Inc | 股票-科技 | 0.45% | -0.01% | +328.14% | |
| 47 | UNP | Union Pacific CORP | 股票-工業 | 0.45% | -0.02% | +385.18% | |
| 48 | TRI4EUR | Thomson Reuters CORP | 股票-其他 | 0.44% | -0.05% | EXIT | |
| 49 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.43% | +0.22% | +121.12% | |
| 50 | BA | Boeing Co/the | 股票-工業 | 0.41% | +0.05% | +8786.06% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | ASML | ASML Holding N.V. | +0.6% | +492.10% | 加碼 |
| 2 | GE | General Electric | +0.6% | +20198.84% | 加碼 |
| 3 | BNS | Bank Of Nova Scotia | +0.4% | +32.46% | 加碼 |
| 4 | BA | Boeing Co/the | +0.4% | +8786.06% | 加碼 |
| 5 | GOOGL | Alphabet Inc-cl A | +0.4% | +158.74% | 加碼 |
| 6 | MA | Mastercard Inc - A | +0.4% | +440.57% | 加碼 |
| 7 | AVGO | Broadcom Inc | +0.4% | +94.66% | 加碼 |
| 8 | MCD | Mcdonald's CORP | +0.4% | +1230.82% | 加碼 |
| 9 | UNP | Union Pacific CORP | +0.3% | +385.18% | 加碼 |
| 10 | AZNN | Astrazeneca Plc-spons Adr | +0.3% | +3300.46% | 加碼 |
| 11 | ADBE | Adobe Inc | +0.3% | +328.14% | 加碼 |
| 12 | SHEL | Shell Plc-adr | +0.3% | +227.32% | 加碼 |
| 13 | ICE | Intercontinental Exchange In | +0.3% | +891.18% | 加碼 |
| 14 | SCHW | Schwab (charles) CORP | +0.3% | +336.88% | 加碼 |
| 15 | ORLY | O'reilly Automotive Inc | +0.3% | +546.83% | 加碼 |
| 16 | LRCX | Lam Research CORP | +0.3% | +305.07% | 加碼 |
| 17 | TSM | Taiwan Semiconductor-sp Adr | +0.3% | +74.80% | 加碼 |
| 18 | MU | Micron Technology Inc | +0.3% | +33.58% | 加碼 |
| 19 | XOM | Exxon Mobil CORP | +0.3% | +134.25% | 加碼 |
| 20 | TXN | Texas Instruments Inc | +0.3% | +2685.15% | 加碼 |
| 21 | EQX | Equinox Gold CORP | +0.2% | +177.99% | 加碼 |
| 22 | KMI | Kinder Morgan, Inc. | +0.2% | +389.19% | 加碼 |
| 23 | BTE | Baytex Energy CORP | +0.2% | +1301.44% | 加碼 |
| 24 | STX | Seagate Technology Holdings plc | +0.2% | +546.34% | 加碼 |
| 25 | B | Barrick Mining CORP | +0.2% | +11.61% | 加碼 |
| 26 | NVS | Novartis Ag-sponsored Adr | +0.2% | +1445.85% | 加碼 |
| 27 | BRK-B | Berkshire Hathaway Inc-cl B | +0.2% | +121.12% | 加碼 |
| 28 | GEV | GE Vernova Inc | +0.2% | +989.44% | 加碼 |
| 29 | AAPL | Apple Inc | +0.2% | +26.88% | 加碼 |
| 30 | LVS | Las Vegas Sands CORP | +0.2% | +862.48% | 加碼 |
| 31 | ADSK | Autodesk Inc | +0.2% | +7686.02% | 加碼 |
| 32 | CNI | Canadian Natl Railway Co | +0.2% | +41.48% | 加碼 |
| 33 | VALE | Vale Sa-sp Adr | +0.2% | +36.12% | 加碼 |
| 34 | EFXT | Enerflex LTD | +0.2% | +49.15% | 加碼 |
| 35 | BAC | Bank Of America CORP | +0.2% | +271.48% | 加碼 |
| 36 | EGO | Eldorado Gold CORP | +0.2% | +1082.77% | 加碼 |
| 37 | HBM | Hudbay Minerals Inc | +0.2% | +35.83% | 加碼 |
| 38 | BIP | Brookfield Infrastructure Partners L.P. | +0.2% | +97.88% | 加碼 |
| 39 | GSK | Gsk Plc-spon Adr | +0.2% | +261.61% | 加碼 |
| 40 | ALB | Albemarle CORP | +0.2% | +313.45% | 加碼 |
| 41 | TEL | TE Connectivity plc | +0.2% | +1168.72% | 加碼 |
| 42 | V | Visa Inc-class A Shares | +0.1% | +46.11% | 加碼 |
| 43 | VRTX | Vertex Pharmaceuticals Inc | +0.1% | +56.42% | 加碼 |
| 44 | WMT | Walmart Inc | +0.1% | +76.23% | 加碼 |
| 45 | AMP | Ameriprise Financial Inc | +0.1% | +147.75% | 加碼 |
| 46 | BEP | Brookfield Renewable Partners L.P. | +0.1% | +353.85% | 加碼 |
| 47 | UNH | Unitedhealth Group Inc | +0.1% | +520.30% | 加碼 |
| 48 | FCX | Freeport-mcmoran Inc | +0.1% | +147.34% | 加碼 |
| 49 | ITW | Illinois Tool Works | +0.1% | +1831.48% | 加碼 |
| 50 | CCI | Crown Castle Inc | +0.1% | +1305.00% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Connor, Clark & Lunn Investment Management Ltd. 在 Q4 2025 季度的美股持倉總市值約為 US$527.9億，共申報了 1508 個公開持股部位。
在 Q4 2025 季度，Connor, Clark & Lunn Investment Management Ltd. 按市值排列的前三大核心持股分別為：RY (5.2%)、AEM (2.9%)、SHOP (2.6%)。其中最大持股部位 RY 佔據整體投資組合約 5.2% 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
MELI
市值: US$1.4億
本季最大獲利了結 / 清倉標的
MRVL
前期市值: US$1.0億
在 Q4 2025 季度中，Connor, Clark & Lunn Investment Management Ltd. 共進行了 200 項持倉異動，包含新建倉 22 個部位、加碼 105 個部位、減碼 47 個部位以及清倉 26 個部位。 其中最大新建倉標的為 MELI。 本季清倉部位包含 MRVL。
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。