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: 0001777469
申報總市值
US$3.0億
US$3.0億
397 檔
46.3%
在 Q4 2025 申報期間，E Fund Management（CIK: 0001777469）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$3.0億，共持有 397 個公開申報部位。
E Fund Management 於 Q4 2025 展現出進攻型調倉步調，本季推動了 13 檔股票的新建倉與 27 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。
從部位權重觀察，前 5 大標的（包含 YUMC, PDD, IVV）累計市值佔比達 46.3%，是驅動 E Fund Management 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 397 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 | YUMC | Yum China Holdings Inc | 股票-循環性消費 | 19.54% | -1.32% | -1.56% | |
| 2 | PDD | Pdd Holdings Inc | 股票-循環性消費 | 10.18% | -7.23% | +1.45% | |
| 3 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 9.73% | -1.16% | +19.45% | |
| 4 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 3.79% | -0.49% | +4.00% | |
| 5 | NVDA | Nvidia CORP | 股票-科技 | 3.66% | -0.07% | +42.11% | |
| 6 | AAPL | Apple Inc | 股票-科技 | 3.32% | +0.41% | +48.51% | |
| 7 | AEM | Agnico Eagle Mines LTD | 股票-原物料 | 2.71% | -0.84% | — | |
| 8 | NEM | Newmont CORP | 股票-原物料 | 2.56% | -0.97% | +6633.47% | |
| 9 | MSFT | Microsoft CORP | 股票-科技 | 2.36% | -0.20% | +32.37% | |
| 10 | B | Barrick Mining CORP | 股票-原物料 | 2.23% | -0.48% | — | |
| 11 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.12% | +0.39% | +54.36% | |
| 12 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.61% | +0.29% | +57.02% | |
| 13 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.56% | -0.10% | +71.64% | |
| 14 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.49% | +0.40% | +37.76% | |
| 15 | AVGO | Broadcom Inc | 股票-科技 | 1.38% | +0.15% | +26.03% | |
| 16 | TME | Tencent Music Entertainm-adr | 股票-通訊服務 | 1.28% | -0.31% | -1.37% | |
| 17 | HTHT | H World Group Ltd-adr | 股票-其他 | 1.27% | -0.78% | -1.13% | |
| 18 | TSLA | Tesla Inc | 股票-循環性消費 | 1.14% | +0.35% | +38.04% | |
| 19 | KGC | Kinross Gold CORP | 股票-原物料 | 1.08% | -0.33% | — | |
| 20 | ATO | Atmos Energy CORP | 股票-公用事業 | 0.99% | — | — | |
| 21 | BZ | Kanzhun LTD - Adr | 股票-其他 | 0.95% | -0.28% | — | |
| 22 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 0.81% | +0.22% | — | |
| 23 | VIPS | Vipshop Holdings LTD - Adr | 股票-循環性消費 | 0.72% | -0.39% | -6.42% | |
| 24 | MU | Micron Technology Inc | 股票-科技 | 0.71% | +2.51% | +383.55% | |
| 25 | SOHU | Sohu.com Ltd-adr | 股票-其他 | 0.70% | -0.42% | +3.56% | |
| 26 | TAL | Tal Education Group- Adr | 股票-非循環性消費 | 0.68% | -0.42% | — | |
| 27 | WMT | Walmart Inc | 股票-非循環性消費 | 0.67% | +0.04% | +59070.37% | |
| 28 | AMD | Advanced Micro Devices | 股票-科技 | 0.64% | +1.77% | +123.65% | |
| 29 | PAAS | Pan American Silver CORP | 股票-原物料 | 0.64% | -0.19% | — | |
| 30 | ZH | Zhihu Inc - Adr | 股票-其他 | 0.62% | -0.33% | +122.24% | |
| 31 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.58% | +0.01% | +371.58% | |
| 32 | ATHM | Autohome Inc-adr | 股票-其他 | 0.58% | +0.04% | +75.40% | |
| 33 | ASML | ASML Holding N.V. | 股票-科技 | 0.52% | +0.48% | +90.33% | |
| 34 | DSX | Diana Shipping Inc. | 股票-其他 | 0.51% | -0.58% | EXIT | |
| 35 | NFLX | Netflix Inc | 股票-通訊服務 | 0.49% | -0.17% | +1689.01% | |
| 36 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.48% | -0.19% | +103.62% | |
| 37 | CSCO | Cisco Systems Inc | 股票-科技 | 0.45% | +0.37% | +94.89% | |
| 38 | AGI | Alamos Gold Inc-class A | 股票-原物料 | 0.44% | -0.18% | — | |
| 39 | INTC | Intel CORP | 股票-科技 | 0.41% | +1.00% | +534.11% | |
| 40 | HTT | High Templar Tech Limited | 股票-其他 | 0.38% | -0.01% | +25.52% | |
| 41 | LRCX | Lam Research CORP | 股票-科技 | 0.32% | +1.08% | +248.03% | |
| 42 | IAG | Iamgold CORP | 股票-其他 | 0.29% | -0.09% | — | |
| 43 | EQX | Equinox Gold CORP | 股票-其他 | 0.29% | -0.11% | — | |
| 44 | AMAT | Applied Materials Inc | 股票-科技 | 0.28% | +1.11% | +289.58% | |
| 45 | MOMO | Hello Group Inc -spn Adr | 股票-其他 | 0.27% | -0.10% | +48.56% | |
| 46 | CDE | Coeur Mining Inc | 股票-原物料 | 0.27% | -0.18% | — | |
| 47 | AG | First Majestic Silver CORP | 股票-原物料 | 0.26% | -0.09% | — | |
| 48 | QQQM | Invesco Nasdaq 100 ETF | ETF-科技型 | 0.25% | +0.09% | -50.03% | |
| 49 | LIN | Linde plc | 股票-原物料 | 0.24% | +0.08% | +298.97% | |
| 50 | GEV | GE Vernova Inc | 股票-工業 | 0.24% | +0.23% | +46300.00% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | YUMC | Yum China Holdings Inc | +15.5% | -1.56% | 減碼 |
| 2 | NEM | Newmont CORP | +2.5% | +6633.47% | 加碼 |
| 3 | WMT | Walmart Inc | +0.7% | +59070.37% | 加碼 |
| 4 | MU | Micron Technology Inc | +0.6% | +383.55% | 加碼 |
| 5 | COST | Costco Wholesale CORP | +0.4% | +371.58% | 加碼 |
| 6 | INTC | Intel CORP | +0.3% | +534.11% | 加碼 |
| 7 | GOOG | Alphabet Inc-cl C | +0.3% | +57.02% | 加碼 |
| 8 | AMD | Advanced Micro Devices | +0.3% | +123.65% | 加碼 |
| 9 | GEV | GE Vernova Inc | +0.2% | +46300.00% | 加碼 |
| 10 | LRCX | Lam Research CORP | +0.2% | +248.03% | 加碼 |
| 11 | AMAT | Applied Materials Inc | +0.2% | +289.58% | 加碼 |
| 12 | ASML | ASML Holding N.V. | +0.2% | +90.33% | 加碼 |
| 13 | SNDK | Sandisk CORP | +0.1% | +12.95% | 加碼 |
| 14 | LIN | Linde plc | +0.1% | +298.97% | 加碼 |
| 15 | GOOGL | Alphabet Inc-cl A | +0.1% | +37.76% | 加碼 |
| 16 | CSCO | Cisco Systems Inc | +0.1% | +94.89% | 加碼 |
| 17 | PLTR | Palantir Technologies Inc-a | 0% | +103.62% | 加碼 |
| 18 | ZH | Zhihu Inc - Adr | -0.1% | +122.24% | 加碼 |
| 19 | AMZN | Amazon.com Inc | -0.1% | +54.36% | 加碼 |
| 20 | META | Meta Platforms Inc-class A | -0.2% | +71.64% | 加碼 |
| 21 | TSLA | Tesla Inc | -0.4% | +38.04% | 加碼 |
| 22 | AAPL | Apple Inc | -0.5% | +48.51% | 加碼 |
| 23 | QFIN | Qfin Holdings Inc-adr | -0.5% | — | 不變 |
| 24 | AVGO | Broadcom Inc | -0.6% | +26.03% | 加碼 |
| 25 | QQQM | Invesco Nasdaq 100 ETF | -0.6% | -50.03% | 減碼 |
| 26 | HTHT | H World Group Ltd-adr | -0.7% | -1.13% | 減碼 |
| 27 | NVDA | Nvidia CORP | -1% | +42.11% | 加碼 |
| 28 | BZ | Kanzhun LTD - Adr | -1.2% | — | 不變 |
| 29 | MSFT | Microsoft CORP | -1.6% | +32.37% | 加碼 |
| 30 | TME | Tencent Music Entertainm-adr | -2% | -1.37% | 減碼 |
| 31 | SPY | Ss Spdr S&p 500 ETF Trust-us | -2.5% | +4.00% | 加碼 |
| 32 | IVV | Ishares Core S&p 500 ETF | -4.4% | +19.45% | 加碼 |
| 33 | PDD | Pdd Holdings Inc | -13% | +1.45% | 加碼 |
| 34 | AEM | Agnico Eagle Mines LTD | — | NEW | 新建倉 |
| 35 | B | Barrick Mining CORP | — | NEW | 新建倉 |
| 36 | KGC | Kinross Gold CORP | — | NEW | 新建倉 |
| 37 | ATO | Atmos Energy CORP | — | NEW | 新建倉 |
| 38 | PAAS | Pan American Silver CORP | — | NEW | 新建倉 |
| 39 | AGI | Alamos Gold Inc-class A | — | NEW | 新建倉 |
| 40 | IAG | Iamgold CORP | — | NEW | 新建倉 |
| 41 | EQX | Equinox Gold CORP | — | NEW | 新建倉 |
| 42 | CDE | Coeur Mining Inc | — | NEW | 新建倉 |
| 43 | AG | First Majestic Silver CORP | — | NEW | 新建倉 |
| 44 | TLT | Ishares 20+ Year Treasury Bd | — | EXIT | 清倉 |
| 45 | EGO | Eldorado Gold CORP | — | NEW | 新建倉 |
| 46 | NGDN | New Gold Inc | — | NEW | 新建倉 |
| 47 | VOO | Vanguard S&p 500 ETF | — | EXIT | 清倉 |
| 48 | API | Agora Inc-adr | — | EXIT | 清倉 |
| 49 | DQ | Daqo New Energy Corp-adr | — | EXIT | 清倉 |
| 50 | BTG | B2gold CORP | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，E Fund Management 在 Q4 2025 季度的美股持倉總市值約為 US$3.0億，共申報了 397 個公開持股部位。
在 Q4 2025 季度，E Fund Management 按市值排列的前三大核心持股分別為：YUMC (19.5%)、PDD (10.2%)、IVV (9.7%)。其中最大持股部位 YUMC 佔據整體投資組合約 19.5% 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
AEM
市值: US$807.4萬
本季最大獲利了結 / 清倉標的
TLT
前期市值: US$73.4萬
在 Q4 2025 季度中，E Fund Management 共進行了 48 項持倉異動，包含新建倉 13 個部位、加碼 27 個部位、減碼 4 個部位以及清倉 4 個部位。 其中最大新建倉標的為 AEM。 本季清倉部位包含 TLT。
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。