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: 0001694217
申報總市值
US$1303.8億
US$1303.8億
960 檔
23.3%
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 在 Q4 2025 季度的美股部位總計估值為 US$1303.8億，分散於 960 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，DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 展現了靈活的資產再平衡步調，透過出清 8 檔弱勢或達到目標價部位，將資金轉置於 11 檔新建倉標的之中。
從部位權重觀察，前 5 大標的（包含 NVDA, MSFT, AAPL）累計市值佔比達 23.3%，是驅動 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 該季度整體投資組合績效表現的核心支柱。
本季最大新建倉標的
TTE
市值: US$12.3億
本季最大獲利了結 / 清倉標的
SUZ
前期市值: US$3402.6萬
僅顯示前 200 大持股（共 960 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 | 8.41% | -0.48% | -8.01% | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 5.75% | -0.56% | -10.30% | |
| 3 | AAPL | Apple Inc | 股票-科技 | 4.79% | -0.11% | -0.75% | |
| 4 | AMZN | Amazon.com Inc | 股票-循環性消費 | 3.91% | +0.38% | +26.28% | |
| 5 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 3.36% | +0.46% | -4.65% | |
| 6 | AVGO | Broadcom Inc | 股票-科技 | 2.61% | -0.17% | +35.92% | |
| 7 | JPM | Jpmorgan Chase & Co | 股票-金融 | 2.54% | +0.05% | +15.99% | |
| 8 | BAC | Bank Of America CORP | 股票-金融 | 1.86% | +0.07% | +52.47% | |
| 9 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 1.77% | -0.21% | +41.03% | |
| 10 | ABBV | Abbvie Inc | 股票-醫療保健 | 1.76% | +0.35% | +37.33% | |
| 11 | AXP | American Express Co | 股票-金融 | 1.66% | -0.05% | +18.53% | |
| 12 | WMT | Walmart Inc | 股票-非循環性消費 | 1.63% | -0.49% | +45.46% | |
| 13 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.63% | -1.00% | -36.67% | |
| 14 | BSX | Boston Scientific CORP | 股票-醫療保健 | 1.53% | -0.46% | +32.13% | |
| 15 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.51% | +0.34% | +24.12% | |
| 16 | WELL | Welltower Inc | 股票-房地產 | 1.48% | +0.31% | +28.46% | |
| 17 | CRH | CRH plc | 股票-原物料 | 1.39% | -0.01% | +3.82% | |
| 18 | PH | Parker Hannifin CORP | 股票-工業 | 1.33% | -0.06% | +4.77% | |
| 19 | STX | Seagate Technology Holdings plc | 股票-科技 | 1.29% | +0.30% | +447.23% | |
| 20 | UNP | Union Pacific CORP | 股票-工業 | 1.12% | +0.13% | +42.14% | |
| 21 | SPOT | Spotify Technology S.A. | 股票-通訊服務 | 1.11% | +0.06% | +73.67% | |
| 22 | TTE | TotalEnergies SE | 股票-其他 | 1.06% | -0.86% | — | |
| 23 | NOW | Servicenow Inc | 股票-科技 | 1.02% | -0.01% | +448.60% | |
| 24 | SHW | Sherwin-williams Co/the | 股票-原物料 | 1.01% | -0.38% | -3.58% | |
| 25 | PLD | Prologis Inc | 股票-房地產 | 0.99% | -0.19% | +5.95% | |
| 26 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.91% | +0.20% | -6.44% | |
| 27 | AMAT | Applied Materials Inc | 股票-科技 | 0.90% | +0.99% | +257.71% | |
| 28 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.87% | +0.03% | -26.69% | |
| 29 | MMM | 3m Co | 股票-工業 | 0.86% | -0.01% | +46.31% | |
| 30 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 0.77% | — | -42.30% | |
| 31 | TJX | Tjx Companies Inc | 股票-循環性消費 | 0.75% | -0.14% | -10.87% | |
| 32 | PWR | Quanta Services Inc | 股票-工業 | 0.75% | -0.33% | -7.01% | |
| 33 | AON | Aon plc | 股票-金融 | 0.74% | -0.27% | +8947.68% | |
| 34 | HBAN | Huntington Bancshares Inc | 股票-金融 | 0.70% | -0.26% | +44.74% | |
| 35 | TSLA | Tesla Inc | 股票-循環性消費 | 0.68% | -0.06% | +36.79% | |
| 36 | AZO | Autozone Inc | 股票-循環性消費 | 0.65% | -0.11% | +50.19% | |
| 37 | CVS | Cvs Health CORP | 股票-醫療保健 | 0.64% | +0.08% | +822.07% | |
| 38 | CSCO | Cisco Systems Inc | 股票-科技 | 0.62% | -0.04% | -50.42% | |
| 39 | PANW | Palo Alto Networks Inc | 股票-科技 | 0.61% | +0.03% | +13.43% | |
| 40 | LIN | Linde plc | 股票-原物料 | 0.60% | +0.17% | -39.47% | |
| 41 | DIS | Walt Disney Co/the | 股票-通訊服務 | 0.59% | -0.03% | -28.76% | |
| 42 | ORCL | Oracle CORP | 股票-科技 | 0.58% | +0.12% | -50.16% | |
| 43 | MCK | Mckesson CORP | 股票-醫療保健 | 0.57% | +0.09% | -3.63% | |
| 44 | EW | Edwards Lifesciences CORP | 股票-醫療保健 | 0.57% | -0.01% | -16.32% | |
| 45 | GE | General Electric | 股票-工業 | 0.56% | +0.08% | -41.46% | |
| 46 | C | Citigroup Inc | 股票-金融 | 0.56% | +0.17% | -24.82% | |
| 47 | BLK | Blackrock Inc | 股票-金融 | 0.53% | +0.16% | -48.84% | |
| 48 | ECL | Ecolab Inc | 股票-原物料 | 0.52% | -0.06% | -2.15% | |
| 49 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.51% | -0.29% | -46.50% | |
| 50 | BKR | Baker Hughes Co | 股票-能源 | 0.49% | +0.02% | +876.73% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | STX | Seagate Technology Holdings plc | +1.1% | +447.23% | 加碼 |
| 2 | AMZN | Amazon.com Inc | +0.9% | +26.28% | 加碼 |
| 3 | AVGO | Broadcom Inc | +0.8% | +35.92% | 加碼 |
| 4 | AON | Aon plc | +0.7% | +8947.68% | 加碼 |
| 5 | TMO | Thermo Fisher Scientific Inc | +0.7% | +41.03% | 加碼 |
| 6 | BAC | Bank Of America CORP | +0.7% | +52.47% | 加碼 |
| 7 | AMAT | Applied Materials Inc | +0.7% | +257.71% | 加碼 |
| 8 | GOOGL | Alphabet Inc-cl A | +0.6% | -4.65% | 減碼 |
| 9 | WMT | Walmart Inc | +0.6% | +45.46% | 加碼 |
| 10 | CVS | Cvs Health CORP | +0.6% | +822.07% | 加碼 |
| 11 | GOOG | Alphabet Inc-cl C | +0.6% | +24.12% | 加碼 |
| 12 | ABBV | Abbvie Inc | +0.4% | +37.33% | 加碼 |
| 13 | BKR | Baker Hughes Co | +0.4% | +876.73% | 加碼 |
| 14 | AMRZ | Amrize Ltd | +0.4% | +1674.22% | 加碼 |
| 15 | AXP | American Express Co | +0.4% | +18.53% | 加碼 |
| 16 | JPM | Jpmorgan Chase & Co | +0.4% | +15.99% | 加碼 |
| 17 | WELL | Welltower Inc | +0.4% | +28.46% | 加碼 |
| 18 | MU | Micron Technology Inc | +0.4% | +147.87% | 加碼 |
| 19 | BSX | Boston Scientific CORP | +0.3% | +32.13% | 加碼 |
| 20 | SPOT | Spotify Technology S.A. | +0.3% | +73.67% | 加碼 |
| 21 | MDB | Mongodb Inc | +0.3% | +229.12% | 加碼 |
| 22 | SHOP | Shopify Inc - Class A | +0.3% | +1247.26% | 加碼 |
| 23 | UNP | Union Pacific CORP | +0.3% | +42.14% | 加碼 |
| 24 | AMD | Advanced Micro Devices | +0.3% | +214.28% | 加碼 |
| 25 | PEP | Pepsico Inc | +0.3% | +579.60% | 加碼 |
| 26 | MMM | 3m Co | +0.3% | +46.31% | 加碼 |
| 27 | ANET | Arista Networks Inc | +0.3% | +239.94% | 加碼 |
| 28 | LRCX | Lam Research CORP | +0.2% | +232.32% | 加碼 |
| 29 | PH | Parker Hannifin CORP | +0.2% | +4.77% | 加碼 |
| 30 | AAPL | Apple Inc | +0.2% | -0.75% | 減碼 |
| 31 | LLY | Eli Lilly & Co | +0.2% | -6.44% | 減碼 |
| 32 | HBAN | Huntington Bancshares Inc | +0.2% | +44.74% | 加碼 |
| 33 | CBRE | Cbre Group Inc - A | +0.2% | +412.07% | 加碼 |
| 34 | EL | Estee Lauder Companies-cl A | +0.2% | +5803.93% | 加碼 |
| 35 | TSLA | Tesla Inc | +0.2% | +36.79% | 加碼 |
| 36 | FTAI | FTAI Aviation Ltd. | +0.2% | +35.30% | 加碼 |
| 37 | PLD | Prologis Inc | +0.1% | +5.95% | 加碼 |
| 38 | KNX | Knight-swift Transportation | +0.1% | +863.06% | 加碼 |
| 39 | ROK | Rockwell Automation Inc | +0.1% | +58.66% | 加碼 |
| 40 | AZO | Autozone Inc | +0.1% | +50.19% | 加碼 |
| 41 | CRH | CRH plc | +0.1% | +3.82% | 加碼 |
| 42 | CMS | Cms Energy CORP | +0.1% | +36.70% | 加碼 |
| 43 | MA | Mastercard Inc - A | +0.1% | +38.33% | 加碼 |
| 44 | URI | United Rentals Inc | +0.1% | +376.58% | 加碼 |
| 45 | GS | Goldman Sachs Group Inc | +0.1% | +16.66% | 加碼 |
| 46 | BCE | Bce Inc | +0.1% | +1231.37% | 加碼 |
| 47 | DKS | Dick's Sporting Goods Inc | +0.1% | +1171.79% | 加碼 |
| 48 | NET | Cloudflare Inc - Class A | +0.1% | +40.97% | 加碼 |
| 49 | KLAC | Kla CORP | +0.1% | +114.29% | 加碼 |
| 50 | DB | Deutsche Bank Aktiengesellschaft | +0.1% | +2.34% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 在 Q4 2025 季度的美股持倉總市值約為 US$1303.8億，共申報了 960 個公開持股部位。
在 Q4 2025 季度，DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 按市值排列的前三大核心持股分別為：NVDA (8.4%)、MSFT (5.8%)、AAPL (4.8%)。其中最大持股部位 NVDA 佔據整體投資組合約 8.4% 的權重。
在 Q4 2025 季度中，DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 共進行了 200 項持倉異動，包含新建倉 11 個部位、加碼 79 個部位、減碼 102 個部位以及清倉 8 個部位。 其中最大新建倉標的為 TTE。 本季清倉部位包含 SUZ。
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。
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。
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。