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: 0001456670
申報總市值
US$357.2億
US$357.2億
731 檔
24.7%
DnB Asset Management AS 在 Q4 2025 季度的美股部位總計估值為 US$357.2億，分散於 731 個持倉標的之中，反映其市場參與廣度與投資規模。
在 Q4 2025 期間，DnB Asset Management AS 展現了靈活的資產再平衡步調，透過出清 2 檔弱勢或達到目標價部位，將資金轉置於 1 檔新建倉標的之中。
在資產配置集中度方面，DnB Asset Management AS 的前 5 大核心持股（包含 MSFT, NVDA, GOOGL 等）合計佔整體申報市值的 24.7%，反映機構在主要關鍵部位上的權重分佈。
僅顯示前 200 大持股（共 731 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 | MSFT | Microsoft CORP | 股票-科技 | 8.60% | -0.34% | +6.71% | |
| 2 | NVDA | Nvidia CORP | 股票-科技 | 6.58% | +0.04% | +5.19% | |
| 3 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 5.40% | +0.87% | -20.16% | |
| 4 | AMZN | Amazon.com Inc | 股票-循環性消費 | 5.32% | -0.33% | +9.19% | |
| 5 | AAPL | Apple Inc | 股票-科技 | 4.87% | -0.45% | -7.62% | |
| 6 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 4.36% | -0.05% | +58.51% | |
| 7 | MA | Mastercard Inc - A | 股票-金融 | 2.51% | +0.82% | +41.39% | |
| 8 | V | Visa Inc-class A Shares | 股票-金融 | 2.34% | +1.31% | +66.08% | |
| 9 | TEAM | Atlassian Corp-cl A | 股票-科技 | 2.26% | +0.17% | +42.16% | |
| 10 | AVGO | Broadcom Inc | 股票-科技 | 2.00% | +1.66% | +20.17% | |
| 11 | CRM | Salesforce Inc | 股票-科技 | 1.92% | +0.04% | +25.18% | |
| 12 | TSLA | Tesla Inc | 股票-循環性消費 | 1.30% | -0.08% | +2.56% | |
| 13 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.21% | -0.04% | -3.75% | |
| 14 | CHKP | Check Point Software Technologies Ltd. | 股票-科技 | 1.18% | -0.17% | +105.03% | |
| 15 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.08% | +0.08% | +1.94% | |
| 16 | BAC | Bank Of America CORP | 股票-金融 | 0.93% | -0.08% | +4.15% | |
| 17 | ORCL | Oracle CORP | 股票-科技 | 0.90% | -0.90% | +9.62% | |
| 18 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.83% | -0.10% | +4.07% | |
| 19 | HPQ | Hp Inc | 股票-科技 | 0.82% | -0.20% | +242.16% | |
| 20 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 0.81% | +0.28% | +3.06% | |
| 21 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.78% | -0.06% | +87.17% | |
| 22 | TMUS | T-mobile US Inc | 股票-通訊服務 | 0.75% | +0.16% | +48.94% | |
| 23 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 0.73% | +0.63% | -44.06% | |
| 24 | C | Citigroup Inc | 股票-金融 | 0.73% | -0.07% | +4.60% | |
| 25 | WMT | Walmart Inc | 股票-非循環性消費 | 0.65% | -0.22% | -3.15% | |
| 26 | AMD | Advanced Micro Devices | 股票-科技 | 0.65% | +0.22% | -40.61% | |
| 27 | LRCX | Lam Research CORP | 股票-科技 | 0.62% | +0.15% | -60.24% | |
| 28 | QCOM | Qualcomm Inc | 股票-科技 | 0.61% | -0.43% | +59.09% | |
| 29 | SPGI | S&p Global Inc | 股票-金融 | 0.57% | -0.14% | +25.09% | |
| 30 | CB | Chubb Limited | 股票-金融 | 0.57% | -0.09% | -18.01% | |
| 31 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.54% | -0.05% | +6.90% | |
| 32 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.50% | +0.01% | +12.51% | |
| 33 | ISRG | Intuitive Surgical Inc | 股票-醫療保健 | 0.48% | -0.07% | -2.05% | |
| 34 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.47% | -0.09% | -43.69% | |
| 35 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.46% | -0.06% | +16.47% | |
| 36 | XOM | Exxon Mobil CORP | 股票-能源 | 0.45% | -0.22% | +5.43% | |
| 37 | NFLX | Netflix Inc | 股票-通訊服務 | 0.44% | -0.20% | +1288.18% | |
| 38 | CSCO | Cisco Systems Inc | 股票-科技 | 0.41% | +0.02% | +4.01% | |
| 39 | WM | Waste Management Inc | 股票-工業 | 0.41% | -0.35% | +245.21% | |
| 40 | EMR | Emerson Electric Co | 股票-工業 | 0.40% | -0.09% | +1.67% | |
| 41 | NEE | Nextera Energy Inc | 股票-公用事業 | 0.40% | -0.13% | +3.01% | |
| 42 | PEP | Pepsico Inc | 股票-非循環性消費 | 0.39% | -0.20% | +4.17% | |
| 43 | MTCH | Match Group Inc | 股票-通訊服務 | 0.39% | +0.12% | +32.91% | |
| 44 | GE | General Electric | 股票-工業 | 0.39% | -0.05% | +2.04% | |
| 45 | NOW | Servicenow Inc | 股票-科技 | 0.36% | -0.20% | +475.60% | |
| 46 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.35% | -0.02% | +26.98% | |
| 47 | CRTO | Criteo Sa-spon Adr | 股票-其他 | 0.31% | +0.01% | +2.94% | |
| 48 | IBM | Intl Business Machines CORP | 股票-科技 | 0.30% | -0.07% | +4.05% | |
| 49 | MRVL | Marvell Technology Inc | 股票-科技 | 0.29% | -0.52% | -53.94% | |
| 50 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.29% | -0.14% | +26.64% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | META | Meta Platforms Inc-class A | +1.1% | +58.51% | 加碼 |
| 2 | V | Visa Inc-class A Shares | +0.9% | +66.08% | 加碼 |
| 3 | MA | Mastercard Inc - A | +0.6% | +41.39% | 加碼 |
| 4 | TEAM | Atlassian Corp-cl A | +0.6% | +42.16% | 加碼 |
| 5 | HPQ | Hp Inc | +0.5% | +242.16% | 加碼 |
| 6 | CHKP | Check Point Software Technologies Ltd. | +0.5% | +105.03% | 加碼 |
| 7 | CRM | Salesforce Inc | +0.5% | +25.18% | 加碼 |
| 8 | GS | Goldman Sachs Group Inc | +0.4% | +87.17% | 加碼 |
| 9 | AMZN | Amazon.com Inc | +0.4% | +9.19% | 加碼 |
| 10 | AVGO | Broadcom Inc | +0.3% | +20.17% | 加碼 |
| 11 | WM | Waste Management Inc | +0.3% | +245.21% | 加碼 |
| 12 | LLY | Eli Lilly & Co | +0.3% | -3.75% | 減碼 |
| 13 | QCOM | Qualcomm Inc | +0.2% | +59.09% | 加碼 |
| 14 | BIDU | Baidu Inc - Spon Adr | +0.2% | +6832.89% | 加碼 |
| 15 | GOOG | Alphabet Inc-cl C | +0.2% | +1.94% | 加碼 |
| 16 | MRK | Merck & Co. Inc. | +0.1% | +26.98% | 加碼 |
| 17 | TMUS | T-mobile US Inc | +0.1% | +48.94% | 加碼 |
| 18 | SPGI | S&p Global Inc | +0.1% | +25.09% | 加碼 |
| 19 | AMAT | Applied Materials Inc | +0.1% | +50.95% | 加碼 |
| 20 | C | Citigroup Inc | +0.1% | +4.60% | 加碼 |
| 21 | PTON | Peloton Interactive Inc-a | +0.1% | +142.44% | 加碼 |
| 22 | MU | Micron Technology Inc | +0.1% | -12.03% | 減碼 |
| 23 | BORR | Borr Drilling Limited | +0.1% | +126.36% | 加碼 |
| 24 | ISRG | Intuitive Surgical Inc | +0.1% | -2.05% | 減碼 |
| 25 | ARW | Arrow Electronics Inc | +0.1% | +49.78% | 加碼 |
| 26 | MTCH | Match Group Inc | +0.1% | +32.91% | 加碼 |
| 27 | BAC | Bank Of America CORP | 0% | +4.15% | 加碼 |
| 28 | ICE | Intercontinental Exchange In | -0.1% | -47.71% | 減碼 |
| 29 | HOOD | Robinhood Markets Inc - A | -0.1% | -44.69% | 減碼 |
| 30 | RBLX | Roblox CORP -class A | -0.1% | -45.87% | 減碼 |
| 31 | SLB | Slb LTD | -0.1% | -69.63% | 減碼 |
| 32 | FISV | Fiserv Inc | -0.1% | -42.83% | 減碼 |
| 33 | APP | Applovin Corp-class A | -0.1% | -37.61% | 減碼 |
| 34 | SNPS | Synopsys Inc | -0.1% | -44.78% | 減碼 |
| 35 | NVDA | Nvidia CORP | -0.1% | +5.19% | 加碼 |
| 36 | AMD | Advanced Micro Devices | -0.2% | -40.61% | 減碼 |
| 37 | GOOGL | Alphabet Inc-cl A | -0.2% | -20.16% | 減碼 |
| 38 | FLUT | Flutter Entertainment plc | -0.2% | -79.66% | 減碼 |
| 39 | MS | Morgan Stanley | -0.3% | -63.38% | 減碼 |
| 40 | SNDK | Sandisk CORP | -0.3% | -97.66% | 減碼 |
| 41 | JNJ | Johnson & Johnson | -0.3% | -43.69% | 減碼 |
| 42 | WDC | Western Digital CORP | -0.4% | -92.76% | 減碼 |
| 43 | ORCL | Oracle CORP | -0.4% | +9.62% | 加碼 |
| 44 | DDOG | Datadog Inc - Class A | -0.4% | -68.95% | 減碼 |
| 45 | MRVL | Marvell Technology Inc | -0.4% | -53.94% | 減碼 |
| 46 | TSM | Taiwan Semiconductor-sp Adr | -0.6% | -44.06% | 減碼 |
| 47 | LRCX | Lam Research CORP | -0.7% | -60.24% | 減碼 |
| 48 | MTZ | Mastec Inc | — | EXIT | 清倉 |
| 49 | BBWI | Bath & Body Works Inc | — | EXIT | 清倉 |
| 50 | PBR | Petroleo Brasileiro-spon Adr | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，DnB Asset Management AS 在 Q4 2025 季度的美股持倉總市值約為 US$357.2億，共申報了 731 個公開持股部位。
在 Q4 2025 季度，DnB Asset Management AS 按市值排列的前三大核心持股分別為：MSFT (8.6%)、NVDA (6.6%)、GOOGL (5.4%)。其中最大持股部位 MSFT 佔據整體投資組合約 8.6% 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
PBR
市值: US$2177.8萬
本季最大獲利了結 / 清倉標的
MTZ
前期市值: US$5970.7萬
在 Q4 2025 季度中，DnB Asset Management AS 共進行了 50 項持倉異動，包含新建倉 1 個部位、加碼 26 個部位、減碼 21 個部位以及清倉 2 個部位。 其中最大新建倉標的為 PBR。 本季清倉部位包含 MTZ。
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。