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: 0000039263
申報總市值
US$102.2億
US$102.2億
1321 檔
17.5%
Q3 2025 季度申報顯示，Cullen/frost Bankers, Inc. 揭露的美股組合總市值為 US$102.2億，涵蓋 1321 個不同之權益投資部位。
在 Q3 2025，Cullen/frost Bankers, Inc. 操作展現出積極擴展與加碼意向。本季共新建倉 4 個新部位，並對 110 個既有持股進行加碼（合計增持 114 檔），相較減碼與清倉部位顯著佔優。
整體而言，Cullen/frost Bankers, Inc. 的前 5 大持股（包含 AAPL, MSFT, NVDA）貢獻了組合市值的 17.5%，形成該機構在 Q3 2025 季度的基本面基石。
僅顯示前 200 大持股（共 1321 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 | AAPL | Apple Inc | 股票-科技 | 5.65% | +0.72% | +0.03% | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 5.58% | +1.20% | -2.04% | |
| 3 | NVDA | Nvidia CORP | 股票-科技 | 3.45% | +0.75% | +2.08% | |
| 4 | VUG | Vanguard Growth ETF | ETF-其他 | 3.22% | +0.09% | +0.26% | |
| 5 | PVAL | Putnam Focused Lrg Cap Value | ETF-其他 | 2.90% | +0.18% | +135.38% | |
| 6 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.38% | +0.12% | -5.48% | |
| 7 | EMXC | Ishares Msci Emr Mrk Ex Chna | ETF-其他 | 2.05% | -0.14% | +3.60% | |
| 8 | EFA | Ishares Msci Eafe ETF | ETF-其他 | 2.05% | -0.03% | +2.13% | |
| 9 | AVGO | Broadcom Inc | 股票-科技 | 2.00% | -0.16% | -0.90% | |
| 10 | IWP | Ishares Russell Mid-cap Grow | ETF-其他 | 1.98% | -0.14% | +24.98% | |
| 11 | IWF | Ishares Russell 1000 Growth | ETF-其他 | 1.90% | -0.12% | -1.51% | |
| 12 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.78% | -0.24% | -2.42% | |
| 13 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.78% | +0.30% | +1.28% | |
| 14 | VB | Vanguard Small-cap ETF | ETF-其他 | 1.65% | -0.09% | +1.98% | |
| 15 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.45% | -0.11% | -5.44% | |
| 16 | VO | Vanguard Mid-cap ETF | ETF-其他 | 1.44% | -0.07% | -0.30% | |
| 17 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 1.43% | +0.01% | -5.38% | |
| 18 | V | Visa Inc-class A Shares | 股票-金融 | 1.40% | +0.03% | -0.71% | |
| 19 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.33% | -0.01% | -3.43% | |
| 20 | IJJ | Ishares S&p Mid-cap 400 Valu | ETF-其他 | 1.26% | -0.14% | +0.35% | |
| 21 | ORCL | Oracle CORP | 股票-科技 | 1.11% | -0.05% | +0.28% | |
| 22 | MA | Mastercard Inc - A | 股票-金融 | 1.08% | +0.01% | -0.81% | |
| 23 | ABBV | Abbvie Inc | 股票-醫療保健 | 1.03% | +0.03% | -3.55% | |
| 24 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.98% | -0.06% | -0.90% | |
| 25 | HD | Home Depot Inc | 股票-循環性消費 | 0.95% | -0.13% | -4.39% | |
| 26 | SCHD | Schwab US Dvd Equity ETF | ETF-其他 | 0.95% | — | -25.20% | |
| 27 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.92% | -0.08% | +0.26% | |
| 28 | IWD | Ishares Russell 1000 Value E | ETF-其他 | 0.90% | — | +0.77% | |
| 29 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.79% | -0.03% | -2.41% | |
| 30 | GLW | Corning Inc | 股票-科技 | 0.78% | -0.92% | -0.01% | |
| 31 | CVX | Chevron CORP | 股票-能源 | 0.76% | +0.13% | +38.46% | |
| 32 | ETN | Eaton Corporation plc | 股票-工業 | 0.71% | -0.02% | +6.02% | |
| 33 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.70% | -0.02% | -2.83% | |
| 34 | NOW | Servicenow Inc | 股票-科技 | 0.66% | +0.08% | -2.44% | |
| 35 | XOM | Exxon Mobil CORP | 股票-能源 | 0.64% | -0.70% | EXIT | |
| 36 | WMT | Walmart Inc | 股票-非循環性消費 | 0.61% | -0.07% | +0.64% | |
| 37 | BAC | Bank Of America CORP | 股票-金融 | 0.59% | -0.03% | -0.40% | |
| 38 | AGG | Ishares Core U.s. Aggregate | ETF-其他 | 0.56% | +0.04% | +2.14% | |
| 39 | NFLX | Netflix Inc | 股票-通訊服務 | 0.53% | -0.06% | +8.80% | |
| 40 | PM | Philip Morris International | 股票-非循環性消費 | 0.52% | — | +3.13% | |
| 41 | AXP | American Express Co | 股票-金融 | 0.52% | -0.07% | -0.87% | |
| 42 | VEU | Vanguard Ftse All-world Ex-u | ETF-其他 | 0.49% | -0.01% | -3.01% | |
| 43 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.48% | -0.01% | -13.09% | |
| 44 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.48% | +0.01% | -3.26% | |
| 45 | CSCO | Cisco Systems Inc | 股票-科技 | 0.47% | -0.11% | +4.25% | |
| 46 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 0.46% | -0.05% | -2.03% | |
| 47 | ORLY | O'reilly Automotive Inc | 股票-循環性消費 | 0.46% | -0.04% | -0.42% | |
| 48 | AJG | Arthur J Gallagher & Co | 股票-金融 | 0.45% | — | -2.48% | |
| 49 | VWO | Vanguard Ftse Emerging Marke | ETF-新興市場 | 0.44% | -0.02% | -6.32% | |
| 50 | ISRG | Intuitive Surgical Inc | 股票-醫療保健 | 0.43% | -0.01% | +4.39% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +1.1% | +2.08% | 加碼 |
| 2 | AVGO | Broadcom Inc | +0.8% | -0.90% | 減碼 |
| 3 | IWP | Ishares Russell Mid-cap Grow | +0.6% | +24.98% | 加碼 |
| 4 | MSFT | Microsoft CORP | +0.6% | -2.04% | 減碼 |
| 5 | ORCL | Oracle CORP | +0.5% | +0.28% | 加碼 |
| 6 | GOOGL | Alphabet Inc-cl A | +0.4% | -2.42% | 減碼 |
| 7 | GLW | Corning Inc | +0.3% | -0.01% | 加碼 |
| 8 | ANET | Arista Networks Inc | +0.3% | +570.47% | 加碼 |
| 9 | GOOG | Alphabet Inc-cl C | +0.2% | -5.44% | 減碼 |
| 10 | VUG | Vanguard Growth ETF | +0.2% | +0.26% | 減碼 |
| 11 | EMXC | Ishares Msci Emr Mrk Ex Chna | +0.2% | +3.60% | 加碼 |
| 12 | META | Meta Platforms Inc-class A | +0.2% | +1.28% | 加碼 |
| 13 | VB | Vanguard Small-cap ETF | +0.1% | +1.98% | 加碼 |
| 14 | ETN | Eaton Corporation plc | +0.1% | +6.02% | 加碼 |
| 15 | MPWR | Monolithic Power Systems Inc | +0.1% | +318.56% | 加碼 |
| 16 | CVX | Chevron CORP | +0.1% | +38.46% | 加碼 |
| 17 | AMD | Advanced Micro Devices | +0.1% | +209.15% | 加碼 |
| 18 | TSLA | Tesla Inc | +0.1% | +3.45% | 加碼 |
| 19 | EFA | Ishares Msci Eafe ETF | +0.1% | +2.13% | 加碼 |
| 20 | GE | General Electric | +0.1% | +7.11% | 加碼 |
| 21 | TDG | Transdigm Group Inc | +0.1% | +322.81% | 加碼 |
| 22 | PINS | Pinterest Inc- Class A | +0.1% | +50133.20% | 加碼 |
| 23 | NFLX | Netflix Inc | +0.1% | +8.80% | 加碼 |
| 24 | RDDT | Reddit Inc-cl A | +0.1% | +22651.30% | 加碼 |
| 25 | GD | General Dynamics CORP | +0.1% | +789.49% | 加碼 |
| 26 | VBR | Vanguard Small-cap Value ETF | +0.1% | +225.21% | 加碼 |
| 27 | RPRX | Royalty Pharma plc | +0.1% | +44.40% | 加碼 |
| 28 | SNOW | Snowflake Inc | +0.1% | +11.94% | 加碼 |
| 29 | KLAC | Kla CORP | +0.1% | -1.90% | 減碼 |
| 30 | C | Citigroup Inc | +0.1% | +7.29% | 加碼 |
| 31 | LRCX | Lam Research CORP | +0.1% | -2.79% | 減碼 |
| 32 | BALL | Ball CORP | +0.1% | +243.77% | 加碼 |
| 33 | TFI | Ss Spdr N Ice Muni Bond ETF | +0.1% | +116.96% | 加碼 |
| 34 | IWF | Ishares Russell 1000 Growth | +0.1% | -1.51% | 減碼 |
| 35 | SBUX | Starbucks CORP | +0.1% | +25.44% | 加碼 |
| 36 | RIO | Rio Tinto Plc-spon Adr | +0.1% | +7.68% | 加碼 |
| 37 | GEV | GE Vernova Inc | +0.1% | -2.20% | 減碼 |
| 38 | BMY | Bristol-myers Squibb Co | +0.1% | +11.09% | 加碼 |
| 39 | QSR | Restaurant Brands Intern | +0.1% | +10.25% | 加碼 |
| 40 | DG | Dollar General CORP | +0.1% | +39331.31% | 加碼 |
| 41 | RCL | Royal Caribbean Cruises Ltd. | 0% | +5.05% | 加碼 |
| 42 | CGGE | Cap Group Global Eq | 0% | +61.09% | 加碼 |
| 43 | XLK | Ss Technology Select Sector | 0% | -0.87% | 加碼 |
| 44 | JPM | Jpmorgan Chase & Co | 0% | -3.43% | 減碼 |
| 45 | CMI | Cummins Inc | 0% | -2.68% | 減碼 |
| 46 | RTX | Rtx CORP | 0% | -0.44% | 加碼 |
| 47 | CARR | Carrier Global CORP | 0% | +6.15% | 加碼 |
| 48 | GPC | Genuine Parts Co | 0% | +3.55% | 加碼 |
| 49 | IJH | Ishares Core S&p Midcap ETF | 0% | -3.03% | 加碼 |
| 50 | PANW | Palo Alto Networks Inc | 0% | +15.15% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Cullen/frost Bankers, Inc. 在 Q3 2025 季度的美股持倉總市值約為 US$102.2億，共申報了 1321 個公開持股部位。
在 Q3 2025 季度，Cullen/frost Bankers, Inc. 按市值排列的前三大核心持股分別為：AAPL (5.7%)、MSFT (5.6%)、NVDA (3.5%)。其中最大持股部位 AAPL 佔據整體投資組合約 5.7% 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
PVAL
市值: US$2.5億
本季最大獲利了結 / 清倉標的
HES
前期市值: US$2217.3萬
在 Q3 2025 季度中，Cullen/frost Bankers, Inc. 共進行了 200 項持倉異動，包含新建倉 4 個部位、加碼 110 個部位、減碼 85 個部位以及清倉 1 個部位。 其中最大新建倉標的為 PVAL。 本季清倉部位包含 HES。
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。