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: 0000800177
申報總市值
US$505.8億
US$505.8億
1559 檔
23.9%
根據最新整理的 13F 季度數據集，Danske Bank A/s 於 Q4 2025 結束時的管理資產規模為 US$505.8億。該機構在本季度申報了 1559 檔美股持倉，呈現出該時期的主要投資地圖。
觀察 Q4 2025 的申報異動，Danske Bank A/s 採取了強勁的買進策略，建倉與加碼動作（合計 34 筆）涵蓋多個核心板塊，展現機構對特定產業前景之樂觀態度。
整體而言，Danske Bank A/s 的前 5 大持股（包含 NVDA, AAPL, MSFT）貢獻了組合市值的 23.9%，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 1559 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 | NVDA | Nvidia CORP | 股票-科技 | 7.68% | -0.63% | +3.83% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 6.36% | -0.70% | -2.84% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 5.96% | -0.85% | +5.66% | |
| 4 | AMZN | Amazon.com Inc | 股票-循環性消費 | 4.63% | +0.08% | +9.17% | |
| 5 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 3.50% | +0.36% | +3.14% | |
| 6 | TSLA | Tesla Inc | 股票-循環性消費 | 2.60% | +0.06% | +7.56% | |
| 7 | AVGO | Broadcom Inc | 股票-科技 | 2.56% | +0.04% | +6.32% | |
| 8 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.46% | -0.36% | -1.15% | |
| 9 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 2.19% | +0.26% | +7.54% | |
| 10 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.76% | +0.14% | +4.84% | |
| 11 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.72% | -0.09% | +3.81% | |
| 12 | V | Visa Inc-class A Shares | 股票-金融 | 1.47% | -0.12% | +8.88% | |
| 13 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.02% | -0.18% | +7.14% | |
| 14 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.97% | +0.11% | +4.64% | |
| 15 | WMT | Walmart Inc | 股票-非循環性消費 | 0.77% | +0.04% | +3.99% | |
| 16 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.67% | -0.16% | +10.29% | |
| 17 | NFLX | Netflix Inc | 股票-通訊服務 | 0.62% | -0.26% | +937.25% | |
| 18 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.62% | -0.03% | -3.15% | |
| 19 | ORCL | Oracle CORP | 股票-科技 | 0.62% | -0.08% | +24.48% | |
| 20 | CRM | Salesforce Inc | 股票-科技 | 0.62% | -0.15% | +18.95% | |
| 21 | CSCO | Cisco Systems Inc | 股票-科技 | 0.61% | +0.13% | +0.34% | |
| 22 | MA | Mastercard Inc - A | 股票-金融 | 0.61% | -0.03% | +5.90% | |
| 23 | WFC | Wells Fargo & Co | 股票-金融 | 0.60% | -0.22% | +7.28% | |
| 24 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.60% | +0.07% | -16.94% | |
| 25 | MU | Micron Technology Inc | 股票-科技 | 0.60% | +1.31% | +9.11% | |
| 26 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.59% | -0.10% | +5.88% | |
| 27 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.58% | -0.11% | +5.18% | |
| 28 | LIN | Linde plc | 股票-原物料 | 0.57% | -0.08% | +3.78% | |
| 29 | BAC | Bank Of America CORP | 股票-金融 | 0.54% | +0.04% | -3.44% | |
| 30 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.52% | +0.30% | +19.74% | |
| 31 | GE | General Electric | 股票-工業 | 0.51% | -0.02% | +12.47% | |
| 32 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.48% | -0.06% | +5.11% | |
| 33 | CB | Chubb Limited | 股票-金融 | 0.48% | -0.07% | +175.53% | |
| 34 | LRCX | Lam Research CORP | 股票-科技 | 0.48% | +0.28% | -5.15% | |
| 35 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.46% | +0.03% | -2.13% | |
| 36 | AMD | Advanced Micro Devices | 股票-科技 | 0.45% | +1.68% | +10.07% | |
| 37 | HD | Home Depot Inc | 股票-循環性消費 | 0.44% | -0.07% | +15.49% | |
| 38 | RTX | Rtx CORP | 股票-工業 | 0.43% | -0.10% | +2.33% | |
| 39 | APH | Amphenol Corp-cl A | 股票-科技 | 0.39% | +0.08% | -0.85% | |
| 40 | SCHW | Schwab (charles) CORP | 股票-金融 | 0.39% | -0.08% | +11.04% | |
| 41 | AXP | American Express Co | 股票-金融 | 0.38% | -0.07% | -3.40% | |
| 42 | INTU | Intuit Inc | 股票-科技 | 0.38% | -0.13% | +8.61% | |
| 43 | DIS | Walt Disney Co/the | 股票-通訊服務 | 0.38% | -0.05% | +15.45% | |
| 44 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 0.37% | -0.05% | +7.93% | |
| 45 | KLAC | Kla CORP | 股票-科技 | 0.37% | +0.23% | -2.35% | |
| 46 | IBM | Intl Business Machines CORP | 股票-科技 | 0.36% | +0.01% | +8.24% | |
| 47 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 0.35% | -0.15% | +22.55% | |
| 48 | ISRG | Intuitive Surgical Inc | 股票-醫療保健 | 0.34% | -0.01% | +27.47% | |
| 49 | PEP | Pepsico Inc | 股票-非循環性消費 | 0.33% | -0.07% | +8.19% | |
| 50 | PANW | Palo Alto Networks Inc | 股票-科技 | 0.33% | +0.05% | +4.53% |
| # | 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 | +0.7% | +3.14% | 加碼 |
| 2 | GOOG | Alphabet Inc-cl C | +0.5% | +7.54% | 加碼 |
| 3 | LLY | Eli Lilly & Co | +0.5% | +4.84% | 加碼 |
| 4 | AMZN | Amazon.com Inc | +0.3% | +9.17% | 加碼 |
| 5 | CB | Chubb Limited | +0.3% | +175.53% | 加碼 |
| 6 | OKE | Oneok Inc | +0.3% | +3538.43% | 加碼 |
| 7 | MU | Micron Technology Inc | +0.3% | +9.11% | 加碼 |
| 8 | NU | Nu Holdings Ltd. | +0.2% | +515.04% | 加碼 |
| 9 | BKR | Baker Hughes Co | +0.2% | +1758.20% | 加碼 |
| 10 | CRM | Salesforce Inc | +0.1% | +18.95% | 加碼 |
| 11 | AMD | Advanced Micro Devices | +0.1% | +10.07% | 加碼 |
| 12 | JNJ | Johnson & Johnson | +0.1% | +7.14% | 加碼 |
| 13 | ISRG | Intuitive Surgical Inc | +0.1% | +27.47% | 加碼 |
| 14 | GM | General Motors Co | +0.1% | +45.03% | 加碼 |
| 15 | DELL | Dell Technologies -c | +0.1% | +200.66% | 加碼 |
| 16 | HAL | Halliburton Co | +0.1% | +1433.07% | 加碼 |
| 17 | AVGO | Broadcom Inc | +0.1% | +6.32% | 加碼 |
| 18 | ADBE | Adobe Inc | +0.1% | +61.77% | 加碼 |
| 19 | REGN | Regeneron Pharmaceuticals | +0.1% | +78.84% | 加碼 |
| 20 | V | Visa Inc-class A Shares | +0.1% | +8.88% | 加碼 |
| 21 | WFC | Wells Fargo & Co | +0.1% | +7.28% | 加碼 |
| 22 | MRK | Merck & Co. Inc. | +0.1% | -2.13% | 減碼 |
| 23 | LRCX | Lam Research CORP | +0.1% | -5.15% | 減碼 |
| 24 | TMO | Thermo Fisher Scientific Inc | +0.1% | +7.93% | 加碼 |
| 25 | MS | Morgan Stanley | +0.1% | +12.88% | 加碼 |
| 26 | WMT | Walmart Inc | 0% | +3.99% | 加碼 |
| 27 | GE | General Electric | 0% | +12.47% | 加碼 |
| 28 | GS | Goldman Sachs Group Inc | 0% | +5.11% | 加碼 |
| 29 | CSCO | Cisco Systems Inc | 0% | +0.34% | 加碼 |
| 30 | UNH | Unitedhealth Group Inc | 0% | +19.74% | 加碼 |
| 31 | TSLA | Tesla Inc | — | +7.56% | 加碼 |
| 32 | JPM | Jpmorgan Chase & Co | 0% | +3.81% | 加碼 |
| 33 | NTAP | Netapp Inc | -0.1% | -62.76% | 減碼 |
| 34 | TT | Trane Technologies plc | -0.1% | -25.80% | 減碼 |
| 35 | L | Loews CORP | -0.1% | -96.39% | 減碼 |
| 36 | EBAY | Ebay Inc | -0.1% | -52.22% | 減碼 |
| 37 | MCD | Mcdonald's CORP | -0.1% | -20.41% | 減碼 |
| 38 | CRWD | Crowdstrike Holdings Inc - A | -0.1% | -33.57% | 減碼 |
| 39 | VZ | Verizon Communications Inc | -0.1% | -15.16% | 減碼 |
| 40 | ATO | Atmos Energy CORP | -0.1% | -96.04% | 減碼 |
| 41 | PGR | Progressive CORP | -0.2% | -31.19% | 減碼 |
| 42 | ORCL | Oracle CORP | -0.2% | +24.48% | 加碼 |
| 43 | PLTR | Palantir Technologies Inc-a | -0.2% | -16.94% | 減碼 |
| 44 | AAPL | Apple Inc | -0.2% | -2.84% | 減碼 |
| 45 | MRVL | Marvell Technology Inc | -0.2% | -54.56% | 減碼 |
| 46 | NFLX | Netflix Inc | -0.2% | +937.25% | 加碼 |
| 47 | NVDA | Nvidia CORP | -0.2% | +3.83% | 加碼 |
| 48 | META | Meta Platforms Inc-class A | -0.5% | -1.15% | 減碼 |
| 49 | MSFT | Microsoft CORP | -0.5% | +5.66% | 加碼 |
| 50 | GLNG | Golar LNG Limited | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Danske Bank A/s 在 Q4 2025 季度的美股持倉總市值約為 US$505.8億，共申報了 1559 個公開持股部位。
在 Q4 2025 季度，Danske Bank A/s 按市值排列的前三大核心持股分別為：NVDA (7.7%)、AAPL (6.4%)、MSFT (6.0%)。其中最大持股部位 NVDA 佔據整體投資組合約 7.7% 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。
本季最大獲利了結 / 清倉標的
GLNG
前期市值: US$5657.4萬
在 Q4 2025 季度中，Danske Bank A/s 共進行了 50 項持倉異動，包含新建倉 0 個部位、加碼 34 個部位、減碼 15 個部位以及清倉 1 個部位。 本季清倉部位包含 GLNG。
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。