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: 0000948046
申報總市值
US$3444.3億
US$3444.3億
3571 檔
17.9%
在 Q3 2025 申報期間，Deutsche Bank Ag\（CIK: 0000948046）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$3444.3億，共持有 3571 個公開申報部位。
在 Q3 2025，Deutsche Bank Ag\ 進行了溫和的常態性持倉調整（包含新建倉 0 檔、加碼 28 檔、減碼 22 檔與清倉 0 檔），整體投資組合架構維持相對穩定。
從部位權重觀察，前 5 大標的（包含 NVDA, MSFT, AAPL）累計市值佔比達 17.9%，是驅動 Deutsche Bank Ag\ 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 3571 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 | 5.65% | +0.16% | +2.98% | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 5.58% | -0.46% | +3.68% | |
| 3 | AAPL | Apple Inc | 股票-科技 | 4.02% | +0.07% | -5.37% | |
| 4 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 3.03% | +0.38% | -3.68% | |
| 5 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.43% | +0.22% | +10.98% | |
| 6 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.14% | -0.13% | +4.84% | |
| 7 | AVGO | Broadcom Inc | 股票-科技 | 1.70% | +0.13% | +6.16% | |
| 8 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.54% | +0.23% | -18.96% | |
| 9 | TSLA | Tesla Inc | 股票-循環性消費 | 1.31% | +0.17% | -14.36% | |
| 10 | V | Visa Inc-class A Shares | 股票-金融 | 1.09% | +0.01% | +7.71% | |
| 11 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.05% | -0.06% | -0.61% | |
| 12 | DB | Deutsche Bank Aktiengesellschaft | 股票-金融 | 1.02% | +0.06% | +34.02% | |
| 13 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.86% | -0.02% | -12.35% | |
| 14 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.84% | +0.10% | -6.40% | |
| 15 | BAC | Bank Of America CORP | 股票-金融 | 0.77% | -0.06% | +7.12% | |
| 16 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.73% | +0.11% | +2.99% | |
| 17 | ENB | Enbridge Inc | 股票-能源 | 0.67% | -0.08% | +8.41% | |
| 18 | NFLX | Netflix Inc | 股票-通訊服務 | 0.62% | -0.16% | +16.72% | |
| 19 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.60% | -0.14% | +12.52% | |
| 20 | ORCL | Oracle CORP | 股票-科技 | 0.59% | -0.03% | -3.04% | |
| 21 | MA | Mastercard Inc - A | 股票-金融 | 0.59% | +0.03% | +10.35% | |
| 22 | HD | Home Depot Inc | 股票-循環性消費 | 0.58% | -0.01% | +5.15% | |
| 23 | MDT | Medtronic plc | 股票-醫療保健 | 0.57% | -0.12% | -6.61% | |
| 24 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.53% | -0.08% | +6.28% | |
| 25 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 0.51% | +0.01% | -1.93% | |
| 26 | AMD | Advanced Micro Devices | 股票-科技 | 0.49% | +0.79% | -8.37% | |
| 27 | AMT | American Tower CORP | 股票-房地產 | 0.49% | -0.12% | +5.15% | |
| 28 | ABT | Abbott Laboratories | 股票-醫療保健 | 0.48% | -0.04% | -3.32% | |
| 29 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.47% | -0.05% | -1.15% | |
| 30 | AEM | Agnico Eagle Mines LTD | 股票-原物料 | 0.46% | -0.19% | -27.32% | |
| 31 | ADBE | Adobe Inc | 股票-科技 | 0.45% | -0.05% | +3.27% | |
| 32 | PGR | Progressive CORP | 股票-金融 | 0.45% | — | +4.82% | |
| 33 | UBER | Uber Technologies Inc | 股票-工業 | 0.45% | -0.03% | +17.03% | |
| 34 | AMAT | Applied Materials Inc | 股票-科技 | 0.45% | +0.11% | -2.12% | |
| 35 | LIN | Linde plc | 股票-原物料 | 0.45% | -0.05% | +2.62% | |
| 36 | PEP | Pepsico Inc | 股票-非循環性消費 | 0.45% | -0.12% | -7.22% | |
| 37 | WMT | Walmart Inc | 股票-非循環性消費 | 0.44% | +0.11% | -12.67% | |
| 38 | NOW | Servicenow Inc | 股票-科技 | 0.43% | -0.04% | +7.63% | |
| 39 | NEE | Nextera Energy Inc | 股票-公用事業 | 0.42% | -0.08% | +4.54% | |
| 40 | WMB | Williams Cos Inc | 股票-能源 | 0.42% | -0.08% | +7.52% | |
| 41 | ANET | Arista Networks Inc | 股票-科技 | 0.42% | +0.10% | -7.33% | |
| 42 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.39% | -0.03% | -2.25% | |
| 43 | XOM | Exxon Mobil CORP | 股票-能源 | 0.38% | -0.25% | -11.40% | |
| 44 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.38% | — | +27.62% | |
| 45 | CSCO | Cisco Systems Inc | 股票-科技 | 0.37% | +0.15% | +2.02% | |
| 46 | WFC | Wells Fargo & Co | 股票-金融 | 0.36% | -0.06% | +13.95% | |
| 47 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.35% | -0.05% | -12.49% | |
| 48 | QCOM | Qualcomm Inc | 股票-科技 | 0.35% | +0.07% | -18.04% | |
| 49 | INTC | Intel CORP | 股票-科技 | 0.35% | +0.60% | +3.18% | |
| 50 | AXP | American Express Co | 股票-金融 | 0.34% | — | +3.80% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +2% | +2.98% | 加碼 |
| 2 | MSFT | Microsoft CORP | +0.8% | +3.68% | 加碼 |
| 3 | AVGO | Broadcom Inc | +0.7% | +6.16% | 減碼 |
| 4 | GOOGL | Alphabet Inc-cl A | +0.6% | -3.68% | 減碼 |
| 5 | DB | Deutsche Bank Aktiengesellschaft | +0.6% | +34.02% | 加碼 |
| 6 | PLTR | Palantir Technologies Inc-a | +0.4% | +12.52% | 加碼 |
| 7 | TSLA | Tesla Inc | +0.3% | -14.36% | 減碼 |
| 8 | ORCL | Oracle CORP | +0.3% | -3.04% | 加碼 |
| 9 | META | Meta Platforms Inc-class A | +0.3% | +4.84% | 加碼 |
| 10 | GOOG | Alphabet Inc-cl C | +0.2% | -18.96% | 減碼 |
| 11 | SRE | Sempra | +0.2% | +57.71% | 加碼 |
| 12 | AMZN | Amazon.com Inc | +0.2% | +10.98% | 加碼 |
| 13 | ANET | Arista Networks Inc | +0.2% | -7.33% | 加碼 |
| 14 | NEM | Newmont CORP | +0.2% | +22.19% | 加碼 |
| 15 | APP | Applovin Corp-class A | +0.2% | -0.80% | 加碼 |
| 16 | UBER | Uber Technologies Inc | +0.1% | +17.03% | 加碼 |
| 17 | CSX | Csx CORP | +0.1% | +200.48% | 加碼 |
| 18 | APH | Amphenol Corp-cl A | +0.1% | -3.45% | 加碼 |
| 19 | LRCX | Lam Research CORP | +0.1% | +0.61% | 加碼 |
| 20 | MU | Micron Technology Inc | +0.1% | -1.24% | 加碼 |
| 21 | AU | AngloGold Ashanti plc | +0.1% | +145.36% | 加碼 |
| 22 | WFC | Wells Fargo & Co | +0.1% | +13.95% | 加碼 |
| 23 | INTC | Intel CORP | +0.1% | +3.18% | 加碼 |
| 24 | XEL | Xcel Energy Inc | +0.1% | +103.77% | 加碼 |
| 25 | SHOP | Shopify Inc - Class A | +0.1% | +9.13% | 加碼 |
| 26 | NFLX | Netflix Inc | +0.1% | +16.72% | 加碼 |
| 27 | AMD | Advanced Micro Devices | +0.1% | -8.37% | 減碼 |
| 28 | LMT | Lockheed Martin CORP | +0.1% | +127.43% | 加碼 |
| 29 | GEV | GE Vernova Inc | +0.1% | +16.11% | 加碼 |
| 30 | PH | Parker Hannifin CORP | +0.1% | +7.33% | 加碼 |
| 31 | COF | Capital One Financial CORP | +0.1% | +3.79% | 加碼 |
| 32 | ENB | Enbridge Inc | +0.1% | +8.41% | 加碼 |
| 33 | AMAT | Applied Materials Inc | 0% | -2.12% | 減碼 |
| 34 | JPM | Jpmorgan Chase & Co | 0% | -0.61% | 減碼 |
| 35 | BAC | Bank Of America CORP | 0% | +7.12% | 減碼 |
| 36 | ABBV | Abbvie Inc | 0% | +2.99% | 加碼 |
| 37 | ED | Consolidated Edison Inc | -0.1% | -55.34% | 減碼 |
| 38 | FLUT | Flutter Entertainment plc | -0.1% | -65.83% | 減碼 |
| 39 | PSA | Public Storage | -0.1% | -72.53% | 減碼 |
| 40 | AMGN | Amgen Inc | -0.2% | +4.35% | 減碼 |
| 41 | AAPL | Apple Inc | -0.2% | -5.37% | 減碼 |
| 42 | ACN | Accenture plc | -0.2% | -17.26% | 減碼 |
| 43 | QCOM | Qualcomm Inc | -0.2% | -18.04% | 減碼 |
| 44 | OKE | Oneok Inc | -0.2% | -1.01% | 減碼 |
| 45 | XOM | Exxon Mobil CORP | -0.2% | -11.40% | 減碼 |
| 46 | COST | Costco Wholesale CORP | -0.2% | -12.49% | 減碼 |
| 47 | MRK | Merck & Co. Inc. | -0.2% | -1.15% | 減碼 |
| 48 | CB | Chubb Limited | -0.2% | -37.98% | 減碼 |
| 49 | LLY | Eli Lilly & Co | -0.3% | -6.40% | 減碼 |
| 50 | UNH | Unitedhealth Group Inc | -0.8% | -15.48% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Deutsche Bank Ag\ 在 Q3 2025 季度的美股持倉總市值約為 US$3444.3億，共申報了 3571 個公開持股部位。
在 Q3 2025 季度，Deutsche Bank Ag\ 按市值排列的前三大核心持股分別為：NVDA (5.7%)、MSFT (5.6%)、AAPL (4.0%)。其中最大持股部位 NVDA 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。
本季最大獲利了結 / 清倉標的
AAPL
前期市值: US$105.5億
在 Q3 2025 季度中，Deutsche Bank Ag\ 共進行了 50 項持倉異動，包含新建倉 0 個部位、加碼 28 個部位、減碼 22 個部位以及清倉 0 個部位。
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。