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: 0001729673
申報總市值
US$16.0億
US$16.0億
130 檔
45.5%
在 Q4 2025 的 13F 官方備案中，DDD Partners, LLC 管理的美股投資組合規模來到 US$16.0億，整體持股檔數為 130 檔。
DDD Partners, LLC 於 Q4 2025 展現出進攻型調倉步調，本季推動了 9 檔股票的新建倉與 23 檔既有部位加碼，整體資金傾向擴大在美股市場的曝險佈局。
在資產配置集中度方面，DDD Partners, LLC 的前 5 大核心持股（包含 MSFT, BRK-B, AAPL 等）合計佔整體申報市值的 45.5%，反映機構在主要關鍵部位上的權重分佈。
| # | 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 | MSFT | Microsoft CORP | 股票-科技 | 35.36% | -3.31% | +0.46% | |
| 2 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 3.65% | -0.25% | -11.19% | |
| 3 | AAPL | Apple Inc | 股票-科技 | 2.84% | +0.11% | +2.40% | |
| 4 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.64% | +0.16% | +0.47% | |
| 5 | AVGO | Broadcom Inc | 股票-科技 | 1.92% | +0.20% | +0.51% | |
| 6 | NWPX | Nwpx Infrastructure Inc | 股票-其他 | 1.76% | +0.05% | -0.74% | |
| 7 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.61% | +0.21% | -27.32% | |
| 8 | CMI | Cummins Inc | 股票-工業 | 1.50% | +0.28% | +0.52% | |
| 9 | CB | Chubb Limited | 股票-金融 | 1.46% | -0.08% | +0.67% | |
| 10 | NVDA | Nvidia CORP | 股票-科技 | 1.44% | -0.02% | +1.48% | |
| 11 | ORI | Old Republic Intl CORP | 股票-金融 | 1.42% | -0.07% | +0.37% | |
| 12 | BAC | Bank Of America CORP | 股票-金融 | 1.42% | +0.08% | +0.54% | |
| 13 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 1.42% | +0.21% | -0.22% | |
| 14 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.38% | -0.12% | -0.72% | |
| 15 | NOW | Servicenow Inc | 股票-科技 | 1.38% | -0.98% | EXIT | |
| 16 | PLD | Prologis Inc | 股票-房地產 | 1.37% | -0.10% | +0.48% | |
| 17 | DHR | Danaher CORP | 股票-醫療保健 | 1.35% | +0.16% | +0.47% | |
| 18 | CSCO | Cisco Systems Inc | 股票-科技 | 1.34% | +0.11% | +0.62% | |
| 19 | ELAN | Elanco Animal Health Inc | 股票-醫療保健 | 1.34% | -0.08% | -47.13% | |
| 20 | QCOM | Qualcomm Inc | 股票-科技 | 1.29% | +0.01% | +0.33% | |
| 21 | ABBV | Abbvie Inc | 股票-醫療保健 | 1.29% | -1.30% | +0.26% | |
| 22 | PEP | Pepsico Inc | 股票-非循環性消費 | 1.25% | -0.31% | +0.51% | |
| 23 | CVX | Chevron CORP | 股票-能源 | 1.23% | -0.41% | +1.41% | |
| 24 | BN | Brookfield CORP | 股票-金融 | 1.20% | — | — | |
| 25 | KMI | Kinder Morgan, Inc. | 股票-能源 | 1.19% | -0.19% | +0.47% | |
| 26 | REGN | Regeneron Pharmaceuticals | 股票-醫療保健 | 1.18% | -0.17% | +12.70% | |
| 27 | WEC | Wec Energy Group Inc | 股票-公用事業 | 1.16% | -0.13% | +0.53% | |
| 28 | CME | Cme Group Inc | 股票-金融 | 1.14% | -1.34% | EXIT | |
| 29 | PANW | Palo Alto Networks Inc | 股票-科技 | 1.09% | — | +54.52% | |
| 30 | VZ | Verizon Communications Inc | 股票-通訊服務 | 1.08% | — | +0.52% | |
| 31 | GPC | Genuine Parts Co | 股票-循環性消費 | 1.07% | +0.01% | +0.50% | |
| 32 | BA | Boeing Co/the | 股票-工業 | 1.06% | +0.01% | +2146.32% | |
| 33 | ABT | Abbott Laboratories | 股票-醫療保健 | 1.04% | -1.35% | +0.44% | |
| 34 | HD | Home Depot Inc | 股票-循環性消費 | 1.02% | -1.17% | +1.06% | |
| 35 | EMN | Eastman Chemical Co | 股票-原物料 | 0.98% | -0.20% | — | |
| 36 | HII | Huntington Ingalls Industrie | 股票-工業 | 0.98% | -0.68% | EXIT | |
| 37 | HUBB | Hubbell Inc | 股票-工業 | 0.94% | +0.12% | +0.24% | |
| 38 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 0.89% | — | -0.26% | |
| 39 | DINO | Hf Sinclair CORP | 股票-能源 | 0.85% | — | -30.08% | |
| 40 | CDNS | Cadence Design Sys Inc | 股票-科技 | 0.83% | — | +27.39% | |
| 41 | UBER | Uber Technologies Inc | 股票-工業 | 0.82% | +0.01% | -9.35% | |
| 42 | RELL | Richardson Elec LTD | 股票-其他 | 0.78% | +0.46% | -0.64% | |
| 43 | RTX | Rtx CORP | 股票-工業 | 0.74% | — | -25.80% | |
| 44 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.62% | +0.33% | -31.89% | |
| 45 | VGSH | Vanguard Short-term Treasury | ETF-政府公債 | 0.58% | +0.06% | +8.53% | |
| 46 | VCSH | Vanguard S/t CORP Bond ETF | ETF-投資等級公司債 | 0.45% | +0.04% | +8.65% | |
| 47 | VSDA | Victoryshares Dividend Accel | ETF-其他 | 0.37% | -0.30% | +4.16% | |
| 48 | IEF | Ishares 7-10 Year Treasury B | ETF-政府公債 | 0.30% | +0.03% | +8.36% | |
| 49 | ADBE | Adobe Inc | 股票-科技 | 0.30% | — | +108.41% | |
| 50 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 0.27% | -0.10% | +12.29% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | BA | Boeing Co/the | +1% | +2146.32% | 加碼 |
| 2 | REGN | Regeneron Pharmaceuticals | +0.4% | +12.70% | 加碼 |
| 3 | NOW | Servicenow Inc | +0.4% | +753.70% | 加碼 |
| 4 | PANW | Palo Alto Networks Inc | +0.3% | +54.52% | 加碼 |
| 5 | CMI | Cummins Inc | +0.3% | +0.52% | 加碼 |
| 6 | NWPX | Nwpx Infrastructure Inc | +0.3% | -0.74% | 減碼 |
| 7 | AAPL | Apple Inc | +0.2% | +2.40% | 加碼 |
| 8 | DHR | Danaher CORP | +0.2% | +0.47% | 加碼 |
| 9 | CSCO | Cisco Systems Inc | +0.2% | +0.62% | 加碼 |
| 10 | ADBE | Adobe Inc | +0.2% | +108.41% | 加碼 |
| 11 | HII | Huntington Ingalls Industrie | +0.2% | +0.06% | 加碼 |
| 12 | CB | Chubb Limited | +0.2% | +0.67% | 加碼 |
| 13 | PLD | Prologis Inc | +0.2% | +0.48% | 加碼 |
| 14 | AMZN | Amazon.com Inc | +0.2% | +0.47% | 加碼 |
| 15 | TMO | Thermo Fisher Scientific Inc | +0.1% | -0.26% | 減碼 |
| 16 | ORI | Old Republic Intl CORP | +0.1% | +0.37% | 加碼 |
| 17 | AVGO | Broadcom Inc | +0.1% | +0.51% | 加碼 |
| 18 | CDNS | Cadence Design Sys Inc | +0.1% | +27.39% | 加碼 |
| 19 | BAC | Bank Of America CORP | +0.1% | +0.54% | 加碼 |
| 20 | COIN | Coinbase Global Inc -class A | +0.1% | +552.61% | 加碼 |
| 21 | VZ | Verizon Communications Inc | -0.1% | +0.52% | 加碼 |
| 22 | WEC | Wec Energy Group Inc | -0.1% | +0.53% | 加碼 |
| 23 | GOOG | Alphabet Inc-cl C | -0.1% | -27.32% | 減碼 |
| 24 | COST | Costco Wholesale CORP | -0.1% | -0.22% | 減碼 |
| 25 | GPC | Genuine Parts Co | -0.1% | +0.50% | 加碼 |
| 26 | RTX | Rtx CORP | -0.2% | -25.80% | 減碼 |
| 27 | HD | Home Depot Inc | -0.2% | +1.06% | 加碼 |
| 28 | META | Meta Platforms Inc-class A | -0.2% | -0.72% | 減碼 |
| 29 | SYM | Symbotic Inc | -0.2% | -58.37% | 減碼 |
| 30 | UBER | Uber Technologies Inc | -0.3% | -9.35% | 減碼 |
| 31 | UNH | Unitedhealth Group Inc | -0.3% | -31.89% | 減碼 |
| 32 | BRK-B | Berkshire Hathaway Inc-cl B | -0.5% | -11.19% | 減碼 |
| 33 | DINO | Hf Sinclair CORP | -0.5% | -30.08% | 減碼 |
| 34 | ELAN | Elanco Animal Health Inc | -0.9% | -47.13% | 減碼 |
| 35 | MSFT | Microsoft CORP | -2.3% | +0.46% | 加碼 |
| 36 | BN | Brookfield CORP | — | NEW | 新建倉 |
| 37 | EMN | Eastman Chemical Co | — | NEW | 新建倉 |
| 38 | LYB | LyondellBasell Industries N.V. | — | EXIT | 清倉 |
| 39 | TXN | Texas Instruments Inc | — | EXIT | 清倉 |
| 40 | BKR | Baker Hughes Co | — | NEW | 新建倉 |
| 41 | UNF | Unifirst Corp/ma | — | NEW | 新建倉 |
| 42 | PYPL | Paypal Holdings Inc | — | EXIT | 清倉 |
| 43 | ACN | Accenture plc | — | NEW | 新建倉 |
| 44 | TGT | Target CORP | — | NEW | 新建倉 |
| 45 | ALKT | Alkami Technology Inc | — | NEW | 新建倉 |
| 46 | MOH | Molina Healthcare Inc | — | EXIT | 清倉 |
| 47 | RGLD | Royal Gold Inc | — | EXIT | 清倉 |
| 48 | ORCL | Oracle CORP | — | NEW | 新建倉 |
| 49 | SOC | Sable Offshore CORP | — | EXIT | 清倉 |
| 50 | MIR | Mirion Technologies Inc | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，DDD Partners, LLC 在 Q4 2025 季度的美股持倉總市值約為 US$16.0億，共申報了 130 個公開持股部位。
在 Q4 2025 季度，DDD Partners, LLC 按市值排列的前三大核心持股分別為：MSFT (35.4%)、BRK-B (3.6%)、AAPL (2.8%)。其中最大持股部位 MSFT 佔據整體投資組合約 35.4% 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
BN
市值: US$1881.5萬
本季最大獲利了結 / 清倉標的
LYB
前期市值: US$1435.6萬
在 Q4 2025 季度中，DDD Partners, LLC 共進行了 50 項持倉異動，包含新建倉 9 個部位、加碼 23 個部位、減碼 12 個部位以及清倉 6 個部位。 其中最大新建倉標的為 BN。 本季清倉部位包含 LYB。
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。