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: 0001274419
申報總市值
US$15.5億
US$15.5億
256 檔
14.6%
在 Q4 2025 申報期間，Credit Industriel Et Commercial（CIK: 0001274419）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$15.5億，共持有 256 個公開申報部位。
Q4 2025 數據顯示 Credit Industriel Et Commercial 積極進場，新開立 17 個部位並同步加碼 14 檔個股，反映機構在該季度的資金注入與籌碼積累。
從部位權重觀察，前 5 大標的（包含 XLE, SMH, HPE 7.625 09-01-27）累計市值佔比達 14.6%，是驅動 Credit Industriel Et Commercial 該季度整體投資組合績效表現的核心支柱。
僅顯示前 200 大持股（共 256 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 | XLE | Ss Energy Select Sector | ETF-其他 | 5.41% | -2.79% | +153.79% | |
| 2 | SMH | Vaneck Semiconductor ETF | ETF-其他 | 4.49% | +0.73% | +80.38% | |
| 3 | HPE 7.625 09-01-27債券 | Hp Enterprise Co | 債券 | 2.83% | +4.73% | — | |
| 4 | ARES 6.75 10-01-27 B債券 | Ares Management CORP | 債券 | 2.46% | +0.97% | — | |
| 5 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 2.25% | -1.44% | -4.12% | |
| 6 | XBI | Ss Spdr S&p Biotech ETF | ETF-科技型 | 1.95% | -0.69% | +27.57% | |
| 7 | KKR 6.25 03-01-28 D債券 | Kkr & Co Inc | 債券 | 1.92% | +0.37% | — | |
| 8 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 1.89% | -0.64% | +33.33% | |
| 9 | AAPL | Apple Inc | 股票-科技 | 1.87% | -0.34% | +49.30% | |
| 10 | XLK | Ss Technology Select Sector | ETF-科技型 | 1.84% | -0.08% | +192.75% | |
| 11 | XOP | Ss Spdr S&p Og Exp & Prod | ETF-其他 | 1.80% | -1.66% | +85.04% | |
| 12 | ABNB 0 03-15-26債券 | Airbnb Inc | 債券 | 1.75% | — | — | |
| 13 | SOXX | Ishares Semiconductor ETF | ETF-其他 | 1.69% | +0.30% | +1.27% | |
| 14 | KRE | Ss Spdr S&p Regional Bank | ETF-其他 | 1.52% | -0.68% | +175.98% | |
| 15 | PCG 6 12-01-27 A債券 | Pg&e CORP | 債券 | 1.49% | +1.89% | +72.73% | |
| 16 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.40% | -3.30% | -74.09% | |
| 17 | XLY | Ss Consumer Disc Select Sect | ETF-其他 | 1.34% | -0.35% | +151.54% | |
| 18 | FOX | Fox CORP - Class B | 股票-通訊服務 | 1.30% | -0.24% | -6.08% | |
| 19 | ALC | Alcon Inc. | 股票-醫療保健 | 1.15% | -0.46% | -13.81% | |
| 20 | NEE 7.299 06-01-27債券 | Nextera Energy Inc | 債券 | 1.09% | +1.09% | — | |
| 21 | RYAAY | Ryanair Holdings Plc-sp Adr | 股票-工業 | 1.08% | +0.56% | +56.85% | |
| 22 | XLB | Ss Materials Select Sector | ETF-其他 | 1.08% | -0.81% | EXIT | |
| 23 | ALB 7.25 03-01-27債券 | Albemarle CORP | 債券 | 1.03% | +0.79% | — | |
| 24 | UBS | UBS Group AG | 股票-金融 | 1.02% | -0.73% | -11.78% | |
| 25 | AMZN | Amazon.com Inc | 股票-循環性消費 | 0.95% | — | -44.65% | |
| 26 | RNAGBP | Avidity Biosciences Inc | 股票-其他 | 0.93% | — | — | |
| 27 | DXCM 0.375 05-15-28債券 | Dexcom Inc | 債券 | 0.88% | -0.31% | EXIT | |
| 28 | ✓ | Avadel Pharmaceuticals PLC ADR | 股票-其他 | 0.86% | — | — | |
| 29 | BEP | Brookfield Renewable Partners L.P. | 股票-其他 | 0.86% | -0.15% | — | |
| 30 | XLF | Ss Financial Select Sector | ETF-其他 | 0.85% | -0.65% | — | |
| 31 | HO1 | Hologic Inc | 股票-其他 | 0.84% | -1.20% | EXIT | |
| 32 | DAY | Dayforce Inc | 股票-其他 | 0.83% | — | +116.67% | |
| 33 | FXI | Ishares China Large-cap ETF | ETF-新興市場 | 0.82% | -0.81% | -56.19% | |
| 34 | RACE | Ferrari N.V. | 股票-循環性消費 | 0.82% | -0.17% | +184.56% | |
| 35 | CAT | Caterpillar Inc | 股票-工業 | 0.80% | -0.24% | -8.66% | |
| 36 | FOUR 6 05-01-28債券 | Shift4 Payments Inc | 債券 | 0.79% | +0.48% | — | |
| 37 | BHF | Brighthouse Financial Inc | 股票-金融 | 0.77% | -0.17% | — | |
| 38 | FYBR | Frontier Communications Pare | 股票-其他 | 0.74% | — | +36.96% | |
| 39 | KWEB | Kranesh Csi China Internet | ETF-新興市場 | 0.72% | -0.20% | +77.02% | |
| 40 | EEM | Ishares Msci Emerging Market | ETF-新興市場 | 0.67% | -0.37% | -5.30% | |
| 41 | PRA | Proassurance CORP | 股票-其他 | 0.64% | -0.57% | EXIT | |
| 42 | DE | Deere & Co | 股票-工業 | 0.64% | -0.04% | -2.63% | |
| 43 | IJH | Ishares Core S&p Midcap ETF | ETF-其他 | 0.63% | -0.66% | EXIT | |
| 44 | MCHP 0.75 06-01-30債券 | Microchip Technology Inc | 債券 | 0.62% | -0.18% | +112.50% | |
| 45 | LOGI | Logitech International S.A. | 股票-科技 | 0.57% | -0.58% | EXIT | |
| 46 | TXNM | Txnm Energy Inc | 股票-公用事業 | 0.57% | -0.11% | +19.31% | |
| 47 | 8QR | Confluent Inc-class A | 股票-其他 | 0.56% | — | +24000.00% | |
| 48 | BBUC | Brookfield Business Corporation | 股票-其他 | 0.53% | — | +29.43% | |
| 49 | ✓ | Cyberark Software LTD. Cmn | 股票-其他 | 0.53% | — | +24.27% | |
| 50 | BIP | Brookfield Infrastructure Partners L.P. | 股票-公用事業 | 0.50% | +0.30% | NEW |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | SMH | Vaneck Semiconductor ETF | +2% | +80.38% | 加碼 |
| 2 | KRE | Ss Spdr S&p Regional Bank | +0.9% | +175.98% | 加碼 |
| 3 | XLE | Ss Energy Select Sector | +0.8% | +153.79% | 加碼 |
| 4 | XLB | Ss Materials Select Sector | +0.8% | +629.54% | 加碼 |
| 5 | XOP | Ss Spdr S&p Og Exp & Prod | +0.7% | +85.04% | 加碼 |
| 6 | AAPL | Apple Inc | +0.6% | +49.30% | 加碼 |
| 7 | XBI | Ss Spdr S&p Biotech ETF | +0.6% | +27.57% | 加碼 |
| 8 | PCG 6 12-01-27 A債券 | Pg&e CORP | +0.6% | +72.73% | 加碼 |
| 9 | 8QR | Confluent Inc-class A | +0.6% | +24000.00% | 加碼 |
| 10 | XLK | Ss Technology Select Sector | +0.5% | +192.75% | 加碼 |
| 11 | RYAAY | Ryanair Holdings Plc-sp Adr | +0.5% | +56.85% | 加碼 |
| 12 | DAY | Dayforce Inc | +0.4% | +116.67% | 加碼 |
| 13 | RACE | Ferrari N.V. | +0.4% | +184.56% | 加碼 |
| 14 | QQQ | Invesco Qqq Trust Series 1 | +0.4% | +33.33% | 加碼 |
| 15 | UBER | Uber Technologies Inc | -0.4% | -83.16% | 減碼 |
| 16 | AMD | Advanced Micro Devices | -0.4% | -64.40% | 減碼 |
| 17 | POH3 | Carnival Plc-adr | -0.7% | -72.76% | 減碼 |
| 18 | AMZN | Amazon.com Inc | -0.8% | -44.65% | 減碼 |
| 19 | EWZ | Ishares Msci Brazil ETF | -1% | -88.48% | 減碼 |
| 20 | DB | Deutsche Bank Aktiengesellschaft | -1% | -99.57% | 減碼 |
| 21 | NVDA | Nvidia CORP | -1.1% | -99.99% | 減碼 |
| 22 | FXI | Ishares China Large-cap ETF | -1.4% | -56.19% | 減碼 |
| 23 | GOOG | Alphabet Inc-cl C | -3.2% | -74.09% | 減碼 |
| 24 | VRNA | Verona Pharma PLC - Adr | — | EXIT | 清倉 |
| 25 | RNAGBP | Avidity Biosciences Inc | — | NEW | 新建倉 |
| 26 | DXCM 0.375 05-15-28債券 | Dexcom Inc | — | NEW | 新建倉 |
| 27 | ✓ | Avadel Pharmaceuticals PLC ADR | — | NEW | 新建倉 |
| 28 | IPG | Interpublic Group Of Cos Inc | — | EXIT | 清倉 |
| 29 | XLF | Ss Financial Select Sector | — | NEW | 新建倉 |
| 30 | HO1 | Hologic Inc | — | NEW | 新建倉 |
| 31 | MSFT | Microsoft CORP | — | EXIT | 清倉 |
| 32 | FOUR 6 05-01-28債券 | Shift4 Payments Inc | — | NEW | 新建倉 |
| 33 | BHF | Brighthouse Financial Inc | — | NEW | 新建倉 |
| 34 | ETNBGBP | 89bio Inc | — | EXIT | 清倉 |
| 35 | AEBA | Allete Inc | — | EXIT | 清倉 |
| 36 | ✓ | Merus N V | — | EXIT | 清倉 |
| 37 | IJH | Ishares Core S&p Midcap ETF | — | NEW | 新建倉 |
| 38 | ✓ | — | EXIT | 清倉 | |
| 39 | UAA | Under Armour Inc-class A | — | EXIT | 清倉 |
| 40 | AYS1 | Sandstorm Gold LTD | — | EXIT | 清倉 |
| 41 | ✓ | Realogy Hldgs CORP Com | — | NEW | 新建倉 |
| 42 | GPN 1.5 03-01-31債券 | Global Payments Inc | — | NEW | 新建倉 |
| 43 | ✓ | Csg Systems International In | — | NEW | 新建倉 |
| 44 | TGNA | Tegna Inc | — | NEW | 新建倉 |
| 45 | QRVO | Qorvo Inc | — | NEW | 新建倉 |
| 46 | EFA | Ishares Msci Eafe ETF | — | NEW | 新建倉 |
| 47 | CDTX | Cidara Therapeutics Inc | — | NEW | 新建倉 |
| 48 | AKAM 1.125 02-15-29債券 | Akamai Technologies Inc | — | NEW | 新建倉 |
| 49 | PZZA | Papa John's Intl Inc | — | EXIT | 清倉 |
| 50 | ALRM 2.25 06-01-29債券 | Alarm.com Hldgs Inc | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Credit Industriel Et Commercial 在 Q4 2025 季度的美股持倉總市值約為 US$15.5億，共申報了 256 個公開持股部位。
在 Q4 2025 季度，Credit Industriel Et Commercial 按市值排列的前三大核心持股分別為：XLE (5.4%)、SMH (4.5%)、HPE 7.625 09-01-27 (2.8%)。其中最大持股部位 XLE 佔據整體投資組合約 5.4% 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
RNAGBP
市值: US$1211.8萬
本季最大獲利了結 / 清倉標的
VRNA
前期市值: US$1467.8萬
在 Q4 2025 季度中，Credit Industriel Et Commercial 共進行了 50 項持倉異動，包含新建倉 17 個部位、加碼 14 個部位、減碼 9 個部位以及清倉 10 個部位。 其中最大新建倉標的為 RNAGBP。 本季清倉部位包含 VRNA。
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。