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: 0001269950
申報總市值
US$6.8億
US$6.8億
218 檔
28.6%
在 Q4 2025 申報期間，Deltec Asset Management LLC（CIK: 0001269950）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$6.8億，共持有 218 個公開申報部位。
觀察 Q4 2025 的資金脈絡，Deltec Asset Management LLC 在獲利結算 13 檔個股的同時，將資本重新部署至 12 檔新選標的，展現主動管理機構的輪動節奏。
從部位權重觀察，前 5 大標的（包含 GOOGL, AVGO, AMZN）累計市值佔比達 28.6%，是驅動 Deltec Asset Management LLC 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 218 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 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 8.97% | -0.21% | -4.85% | |
| 2 | AVGO | Broadcom Inc | 股票-科技 | 6.17% | -0.63% | +13.09% | |
| 3 | AMZN | Amazon.com Inc | 股票-循環性消費 | 5.93% | -0.63% | +0.28% | |
| 4 | MSFT | Microsoft CORP | 股票-科技 | 5.71% | -0.73% | +15.82% | |
| 5 | NVDA | Nvidia CORP | 股票-科技 | 5.28% | -0.04% | +1.42% | |
| 6 | OCUL | Ocular Therapeutix Inc | 股票-其他 | 5.00% | -0.05% | -9.94% | |
| 7 | CCL1EUR | Carnival CORP LTD | 股票-循環性消費 | 3.31% | -2.98% | EXIT | |
| 8 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.97% | -0.44% | +3.80% | |
| 9 | V | Visa Inc-class A Shares | 股票-金融 | 2.64% | -0.38% | -0.33% | |
| 10 | UBER | Uber Technologies Inc | 股票-工業 | 2.16% | -0.40% | -11.56% | |
| 11 | WMT | Walmart Inc | 股票-非循環性消費 | 2.11% | -0.44% | — | |
| 12 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 1.91% | +0.30% | -4.30% | |
| 13 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.56% | +0.08% | — | |
| 14 | HD | Home Depot Inc | 股票-循環性消費 | 1.36% | -0.19% | — | |
| 15 | EQT | Eqt CORP | 股票-能源 | 1.35% | -0.59% | -4.38% | |
| 16 | URA | Global X Uranium ETF | ETF-其他 | 1.31% | -0.45% | -34.44% | |
| 17 | NCLH | Norwegian Cruise Line Holdings Ltd. | 股票-循環性消費 | 1.27% | — | -29.91% | |
| 18 | TSLA | Tesla Inc | 股票-循環性消費 | 1.19% | -0.05% | -22.31% | |
| 19 | AAPL | Apple Inc | 股票-科技 | 1.19% | -0.10% | -0.05% | |
| 20 | MA | Mastercard Inc - A | 股票-金融 | 1.17% | -0.19% | — | |
| 21 | FLEX | Flex Ltd. | 股票-科技 | 1.15% | +1.19% | -25.84% | |
| 22 | PM | Philip Morris International | 股票-非循環性消費 | 1.13% | -0.16% | -6.39% | |
| 23 | VIST | Vista Energy Sab De Cv | 股票-其他 | 1.04% | -0.40% | -10.00% | |
| 24 | MNKD | Mannkind CORP | 股票-其他 | 0.92% | +0.21% | +34.72% | |
| 25 | EMBJ | Embraer Sa-spon Adr | 股票-工業 | 0.87% | -0.03% | -3.55% | |
| 26 | MRVL | Marvell Technology Inc | 股票-科技 | 0.87% | +0.47% | +57.67% | |
| 27 | IGV | Ishares Expanded Tech-softwa | ETF-科技型 | 0.86% | — | -10.24% | |
| 28 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 0.84% | -0.06% | -3.86% | |
| 29 | XLV | Ss Health Care Select Sector | ETF-其他 | 0.84% | -0.41% | -1.51% | |
| 30 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.84% | — | -3.69% | |
| 31 | CPA | Copa Holdings, S.A. | 股票-其他 | 0.76% | +0.05% | -3.81% | |
| 32 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.71% | -0.11% | — | |
| 33 | SHEL | Shell Plc-adr | 股票-能源 | 0.69% | -0.31% | -1.28% | |
| 34 | ETN | Eaton Corporation plc | 股票-工業 | 0.68% | +0.08% | NEW | |
| 35 | BSX | Boston Scientific CORP | 股票-醫療保健 | 0.67% | -0.10% | -1.17% | |
| 36 | CSCO | Cisco Systems Inc | 股票-科技 | 0.61% | -0.18% | -15.19% | |
| 37 | GEV | GE Vernova Inc | 股票-工業 | 0.54% | +0.23% | — | |
| 38 | TJX | Tjx Companies Inc | 股票-循環性消費 | 0.54% | -0.18% | — | |
| 39 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.50% | -0.16% | — | |
| 40 | MELI | Mercadolibre Inc | 股票-循環性消費 | 0.47% | -0.03% | +5.99% | |
| 41 | MTUM | Ishares Msci USA Momentum Fa | ETF-其他 | 0.47% | +0.12% | — | |
| 42 | JBL | Jabil Inc | 股票-科技 | 0.43% | +0.56% | NEW | |
| 43 | MO | Altria Group Inc | 股票-非循環性消費 | 0.40% | -0.06% | -1.39% | |
| 44 | ORLY | O'reilly Automotive Inc | 股票-循環性消費 | 0.39% | -0.32% | EXIT | |
| 45 | PH | Parker Hannifin CORP | 股票-工業 | 0.38% | +0.09% | — | |
| 46 | DASH | Doordash Inc - A | 股票-循環性消費 | 0.38% | +2.74% | — | |
| 47 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.37% | -0.05% | — | |
| 48 | YPF | Ypf S.a.-sponsored Adr | 股票-其他 | 0.35% | -0.15% | -2.10% | |
| 49 | C | Citigroup Inc | 股票-金融 | 0.34% | -0.73% | — | |
| 50 | AR | Antero Resources CORP | 股票-能源 | 0.32% | +0.47% | NEW |
| # | 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 | +1.7% | -4.85% | 減碼 |
| 2 | AVGO | Broadcom Inc | +1% | +13.09% | 加碼 |
| 3 | CCL1EUR | Carnival CORP LTD | +0.5% | +11.63% | 加碼 |
| 4 | LLY | Eli Lilly & Co | +0.5% | — | 不變 |
| 5 | MSFT | Microsoft CORP | +0.5% | +15.82% | 加碼 |
| 6 | MRVL | Marvell Technology Inc | +0.3% | +57.67% | 加碼 |
| 7 | AMZN | Amazon.com Inc | +0.3% | +0.28% | 加碼 |
| 8 | MNKD | Mannkind CORP | +0.3% | +34.72% | 加碼 |
| 9 | VIST | Vista Energy Sab De Cv | +0.2% | -10.00% | 減碼 |
| 10 | BA | Boeing Co/the | +0.2% | +418.52% | 加碼 |
| 11 | TBBB | BBB Foods Inc. | +0.2% | +239.69% | 加碼 |
| 12 | GOOG | Alphabet Inc-cl C | +0.2% | -3.69% | 減碼 |
| 13 | WMT | Walmart Inc | +0.2% | — | 不變 |
| 14 | IGV | Ishares Expanded Tech-softwa | -0.2% | -10.24% | 減碼 |
| 15 | META | Meta Platforms Inc-class A | -0.2% | +3.80% | 加碼 |
| 16 | HD | Home Depot Inc | -0.2% | — | 不變 |
| 17 | QXO | Qxo Inc | -0.3% | -61.10% | 減碼 |
| 18 | TSLA | Tesla Inc | -0.3% | -22.31% | 減碼 |
| 19 | OCUL | Ocular Therapeutix Inc | -0.3% | -9.94% | 減碼 |
| 20 | FLEX | Flex Ltd. | -0.3% | -25.84% | 減碼 |
| 21 | BTU | Peabody Energy CORP | -0.4% | -83.12% | 減碼 |
| 22 | NCLH | Norwegian Cruise Line Holdings Ltd. | -0.7% | -29.91% | 減碼 |
| 23 | UBER | Uber Technologies Inc | -0.8% | -11.56% | 減碼 |
| 24 | AR | Antero Resources CORP | -0.8% | -71.57% | 減碼 |
| 25 | URA | Global X Uranium ETF | -0.9% | -34.44% | 減碼 |
| 26 | IBIT | Ishares Bitcoin Trust ETF | — | EXIT | 清倉 |
| 27 | ETHA | Ishares Ethereum Trust ETF | — | EXIT | 清倉 |
| 28 | CMG | Chipotle Mexican Grill Inc | — | EXIT | 清倉 |
| 29 | SMLR | Semler Scientific Inc | — | EXIT | 清倉 |
| 30 | GEV | GE Vernova Inc | — | NEW | 新建倉 |
| 31 | DASH | Doordash Inc - A | — | NEW | 新建倉 |
| 32 | CART | Maplebear Inc | — | EXIT | 清倉 |
| 33 | UNH | Unitedhealth Group Inc | — | EXIT | 清倉 |
| 34 | ALK | Alaska Air Group Inc | — | NEW | 新建倉 |
| 35 | MTSI | Macom Technology Solutions H | — | EXIT | 清倉 |
| 36 | GLD | Spdr Gold Shares | — | NEW | 新建倉 |
| 37 | AMD | Advanced Micro Devices | — | NEW | 新建倉 |
| 38 | COF | Capital One Financial CORP | — | NEW | 新建倉 |
| 39 | ✓ | Hcm Ii Acquisition CORP | — | EXIT | 清倉 |
| 40 | XBI | Ss Spdr S&p Biotech ETF | — | NEW | 新建倉 |
| 41 | BURL | Burlington Stores Inc | — | NEW | 新建倉 |
| 42 | IBAC | Ib Acquisition CORP | — | EXIT | 清倉 |
| 43 | ✓ | Safeguard Acquisition CORP | — | NEW | 新建倉 |
| 44 | ✓ | Otg Acquisition CORP. I | — | EXIT | 清倉 |
| 45 | ✓ | Otg Acquisition CORP. I | — | NEW | 新建倉 |
| 46 | ✓ | Emmis Acquisition CORP. | — | EXIT | 清倉 |
| 47 | ✓ | — | NEW | 新建倉 | |
| 48 | SNPS | Synopsys Inc | — | EXIT | 清倉 |
| 49 | XLU | St Sr Utl Sl Se Spdr Etf-usd | — | NEW | 新建倉 |
| 50 | ISRG | Intuitive Surgical Inc | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Deltec Asset Management LLC 在 Q4 2025 季度的美股持倉總市值約為 US$6.8億，共申報了 218 個公開持股部位。
在 Q4 2025 季度，Deltec Asset Management LLC 按市值排列的前三大核心持股分別為：GOOGL (9.0%)、AVGO (6.2%)、AMZN (5.9%)。其中最大持股部位 GOOGL 佔據整體投資組合約 9.0% 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
GEV
市值: US$326.8萬
本季最大獲利了結 / 清倉標的
IBIT
前期市值: US$608.7萬
在 Q4 2025 季度中，Deltec Asset Management LLC 共進行了 47 項持倉異動，包含新建倉 12 個部位、加碼 9 個部位、減碼 13 個部位以及清倉 13 個部位。 其中最大新建倉標的為 GEV。 本季清倉部位包含 IBIT。
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。