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: 0001030618
申報總市值
US$5.1億
US$5.1億
105 檔
26.4%
在 Q4 2025 的 13F 官方備案中，Cypress Asset Management Inc/tx 管理的美股投資組合規模來到 US$5.1億，整體持股檔數為 105 檔。
從 Q4 2025 申報觀察，Cypress Asset Management Inc/tx 採取防禦導向的調倉策略，本季減碼 27 檔個股並出清 3 檔部位，顯示機構在該時期進行風險控制與流動性回收。
從部位權重觀察，前 5 大標的（包含 NVDA, AAPL, MSFT）累計市值佔比達 26.4%，是驅動 Cypress Asset Management Inc/tx 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 | NVDA | Nvidia CORP | 股票-科技 | 7.06% | -0.61% | -2.25% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 6.62% | -0.37% | +1.57% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 5.58% | -0.78% | -0.65% | |
| 4 | LLY | Eli Lilly & Co | 股票-醫療保健 | 5.28% | +0.43% | -1.61% | |
| 5 | AVGO | Broadcom Inc | 股票-科技 | 5.23% | -0.02% | -1.16% | |
| 6 | JPM | Jpmorgan Chase & Co | 股票-金融 | 4.19% | -0.24% | -0.19% | |
| 7 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 3.50% | +0.26% | +8.11% | |
| 8 | AMZN | Amazon.com Inc | 股票-循環性消費 | 3.50% | -0.07% | +0.21% | |
| 9 | GS | Goldman Sachs Group Inc | 股票-金融 | 2.78% | +0.02% | +2.96% | |
| 10 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 2.75% | -0.33% | -1.07% | |
| 11 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 2.55% | -0.65% | +11.78% | |
| 12 | MELI | Mercadolibre Inc | 股票-循環性消費 | 2.44% | -0.38% | +0.51% | |
| 13 | MA | Mastercard Inc - A | 股票-金融 | 2.26% | -0.28% | -1.60% | |
| 14 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.13% | -0.28% | +9.77% | |
| 15 | V | Visa Inc-class A Shares | 股票-金融 | 2.07% | -0.08% | -0.74% | |
| 16 | ADI | Analog Devices Inc | 股票-科技 | 1.96% | +0.12% | -0.26% | |
| 17 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 1.53% | +0.35% | +6.72% | |
| 18 | AMD | Advanced Micro Devices | 股票-科技 | 1.52% | +1.99% | -0.55% | |
| 19 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.52% | -0.14% | -0.42% | |
| 20 | PEP | Pepsico Inc | 股票-非循環性消費 | 1.48% | -0.41% | -6.30% | |
| 21 | AMAT | Applied Materials Inc | 股票-科技 | 1.33% | +1.43% | -0.36% | |
| 22 | HD | Home Depot Inc | 股票-循環性消費 | 1.30% | -0.13% | -2.06% | |
| 23 | RTX | Rtx CORP | 股票-工業 | 1.26% | -0.20% | -0.52% | |
| 24 | UNP | Union Pacific CORP | 股票-工業 | 1.23% | -0.07% | -0.29% | |
| 25 | QCOM | Qualcomm Inc | 股票-科技 | 1.10% | +0.13% | -0.41% | |
| 26 | LIN | Linde plc | 股票-原物料 | 1.06% | -0.12% | +0.26% | |
| 27 | HON | Honeywell International Inc | 股票-工業 | 1.06% | -1.27% | EXIT | |
| 28 | PANW | Palo Alto Networks Inc | 股票-科技 | 1.00% | +0.71% | -0.02% | |
| 29 | EMR | Emerson Electric Co | 股票-工業 | 0.93% | -0.07% | -0.19% | |
| 30 | LMT | Lockheed Martin CORP | 股票-工業 | 0.92% | -0.35% | -1.44% | |
| 31 | GEV | GE Vernova Inc | 股票-工業 | 0.91% | +0.31% | +72.63% | |
| 32 | LOW | Lowe's Cos Inc | 股票-循環性消費 | 0.90% | -0.19% | -0.36% | |
| 33 | ZTS | Zoetis Inc | 股票-醫療保健 | 0.80% | -0.43% | -0.80% | |
| 34 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.78% | -0.11% | -1.54% | |
| 35 | ABT | Abbott Laboratories | 股票-醫療保健 | 0.75% | -0.13% | -0.61% | |
| 36 | DHR | Danaher CORP | 股票-醫療保健 | 0.73% | -0.16% | -1.37% | |
| 37 | SNPS | Synopsys Inc | 股票-科技 | 0.71% | -0.05% | +9.51% | |
| 38 | ETN | Eaton Corporation plc | 股票-工業 | 0.64% | +0.05% | +7.51% | |
| 39 | SPGI | S&p Global Inc | 股票-金融 | 0.61% | -0.11% | +0.28% | |
| 40 | BLK | Blackrock Inc | 股票-金融 | 0.60% | -0.08% | -0.24% | |
| 41 | DE | Deere & Co | 股票-工業 | 0.57% | -0.03% | -3.31% | |
| 42 | PH | Parker Hannifin CORP | 股票-工業 | 0.57% | -0.05% | -0.51% | |
| 43 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 0.55% | +0.03% | — | |
| 44 | NFLX | Netflix Inc | 股票-通訊服務 | 0.55% | -0.34% | +1256.52% | |
| 45 | ASML | ASML Holding N.V. | 股票-科技 | 0.50% | +0.17% | +1.64% | |
| 46 | KLAC | Kla CORP | 股票-科技 | 0.48% | +0.41% | -0.44% | |
| 47 | XOM | Exxon Mobil CORP | 股票-能源 | 0.48% | — | -0.34% | |
| 48 | TXN | Texas Instruments Inc | 股票-科技 | 0.48% | +0.16% | -0.17% | |
| 49 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.47% | -0.14% | -2.38% | |
| 50 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 0.46% | +0.03% | +6.84% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | LLY | Eli Lilly & Co | +1.3% | -1.61% | 減碼 |
| 2 | GOOG | Alphabet Inc-cl C | +0.9% | +8.11% | 加碼 |
| 3 | GEV | GE Vernova Inc | +0.4% | +72.63% | 加碼 |
| 4 | AMD | Advanced Micro Devices | +0.3% | -0.55% | 減碼 |
| 5 | AAPL | Apple Inc | +0.3% | +1.57% | 加碼 |
| 6 | GS | Goldman Sachs Group Inc | +0.2% | +2.96% | 加碼 |
| 7 | AMAT | Applied Materials Inc | +0.2% | -0.36% | 減碼 |
| 8 | TSM | Taiwan Semiconductor-sp Adr | +0.2% | +6.72% | 加碼 |
| 9 | ADI | Analog Devices Inc | +0.1% | -0.26% | 減碼 |
| 10 | JNJ | Johnson & Johnson | +0.1% | -0.42% | 減碼 |
| 11 | GOOGL | Alphabet Inc-cl A | +0.1% | +6.84% | 加碼 |
| 12 | DHR | Danaher CORP | +0.1% | -1.37% | 減碼 |
| 13 | MRK | Merck & Co. Inc. | +0.1% | -0.24% | 減碼 |
| 14 | AMZN | Amazon.com Inc | +0.1% | +0.21% | 加碼 |
| 15 | RTX | Rtx CORP | +0.1% | -0.52% | 減碼 |
| 16 | PH | Parker Hannifin CORP | +0.1% | -0.51% | 減碼 |
| 17 | TMO | Thermo Fisher Scientific Inc | +0.1% | — | 不變 |
| 18 | ASML | ASML Holding N.V. | 0% | +1.64% | 加碼 |
| 19 | CAT | Caterpillar Inc | 0% | -0.38% | 減碼 |
| 20 | MU | Micron Technology Inc | 0% | — | 不變 |
| 21 | APH | Amphenol Corp-cl A | 0% | +12.15% | 加碼 |
| 22 | AMGN | Amgen Inc | 0% | +2.55% | 加碼 |
| 23 | KLAC | Kla CORP | 0% | -0.44% | 減碼 |
| 24 | SPGI | S&p Global Inc | 0% | +0.28% | 加碼 |
| 25 | COST | Costco Wholesale CORP | 0% | +11.78% | 加碼 |
| 26 | AVGO | Broadcom Inc | — | -1.16% | 減碼 |
| 27 | JPM | Jpmorgan Chase & Co | -0.1% | -0.19% | 減碼 |
| 28 | BLK | Blackrock Inc | -0.1% | -0.24% | 減碼 |
| 29 | ETN | Eaton Corporation plc | -0.1% | +7.51% | 加碼 |
| 30 | LMT | Lockheed Martin CORP | -0.1% | -1.44% | 減碼 |
| 31 | LOW | Lowe's Cos Inc | -0.1% | -0.36% | 減碼 |
| 32 | PG | Procter & Gamble Co/the | -0.1% | -1.54% | 減碼 |
| 33 | ABT | Abbott Laboratories | -0.1% | -0.61% | 減碼 |
| 34 | PEP | Pepsico Inc | -0.1% | -6.30% | 減碼 |
| 35 | HON | Honeywell International Inc | -0.1% | -0.14% | 減碼 |
| 36 | PANW | Palo Alto Networks Inc | -0.1% | -0.02% | 減碼 |
| 37 | LIN | Linde plc | -0.2% | +0.26% | 加碼 |
| 38 | ZTS | Zoetis Inc | -0.2% | -0.80% | 減碼 |
| 39 | HD | Home Depot Inc | -0.3% | -2.06% | 減碼 |
| 40 | UNH | Unitedhealth Group Inc | -0.4% | -58.40% | 減碼 |
| 41 | NVDA | Nvidia CORP | -0.4% | -2.25% | 減碼 |
| 42 | ADBE | Adobe Inc | -0.5% | -82.96% | 減碼 |
| 43 | MELI | Mercadolibre Inc | -0.5% | +0.51% | 加碼 |
| 44 | MSFT | Microsoft CORP | -0.6% | -0.65% | 減碼 |
| 45 | KO | Coca-cola Co/the | — | EXIT | 清倉 |
| 46 | SYK | Stryker CORP | — | NEW | 新建倉 |
| 47 | TSCO | Tractor Supply Company | — | EXIT | 清倉 |
| 48 | VRT | Vertiv Holdings Co-a | — | NEW | 新建倉 |
| 49 | NVO | Novo-nordisk A/s-spons Adr | — | EXIT | 清倉 |
| 50 | ALC | Alcon Inc. | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Cypress Asset Management Inc/tx 在 Q4 2025 季度的美股持倉總市值約為 US$5.1億，共申報了 105 個公開持股部位。
在 Q4 2025 季度，Cypress Asset Management Inc/tx 按市值排列的前三大核心持股分別為：NVDA (7.1%)、AAPL (6.6%)、MSFT (5.6%)。其中最大持股部位 NVDA 佔據整體投資組合約 7.1% 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
SYK
市值: US$29.1萬
本季最大獲利了結 / 清倉標的
KO
前期市值: US$47.8萬
在 Q4 2025 季度中，Cypress Asset Management Inc/tx 共進行了 48 項持倉異動，包含新建倉 3 個部位、加碼 15 個部位、減碼 27 個部位以及清倉 3 個部位。 其中最大新建倉標的為 SYK。 本季清倉部位包含 KO。
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。