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: 0001572838
申報總市值
US$24.1億
US$24.1億
508 檔
20.7%
Q2 2025 季度申報顯示，Empirical Finance, LLC 揭露的美股組合總市值為 US$24.1億，涵蓋 508 個不同之權益投資部位。
觀察 Q2 2025 的申報異動，Empirical Finance, LLC 採取了強勁的買進策略，建倉與加碼動作（合計 142 筆）涵蓋多個核心板塊，展現機構對特定產業前景之樂觀態度。
檢視投資組合結構，前 5 大主力部位（包含 NVDA, MSFT, AAPL）占據了總市值的 20.7%，展現出該機構在 Q2 2025 的重點資金聚焦與風險分佈特徵。
本季最大新建倉標的
WES
市值: US$474.8萬
本季最大獲利了結 / 清倉標的
DFSEUR
前期市值: US$154.7萬
僅顯示前 200 大持股（共 508 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 | 7.05% | +0.34% | +1.93% | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 6.59% | -0.32% | +0.98% | |
| 3 | AAPL | Apple Inc | 股票-科技 | 5.60% | +0.26% | +1.68% | |
| 4 | AMZN | Amazon.com Inc | 股票-循環性消費 | 3.83% | -0.01% | +3.74% | |
| 5 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.99% | -0.20% | +0.63% | |
| 6 | AVGO | Broadcom Inc | 股票-科技 | 2.14% | +0.26% | +3.57% | |
| 7 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.90% | +0.37% | +1.21% | |
| 8 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.74% | +0.11% | +2.82% | |
| 9 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.59% | +0.02% | +3.58% | |
| 10 | TSLA | Tesla Inc | 股票-循環性消費 | 1.37% | +0.06% | +0.70% | |
| 11 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.30% | -0.04% | +0.83% | |
| 12 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.13% | +0.22% | +0.66% | |
| 13 | NFLX | Netflix Inc | 股票-通訊服務 | 1.06% | -0.21% | +0.65% | |
| 14 | QVAL | Alpha Arch US Qnt Value ETF | ETF-其他 | 1.00% | -0.17% | -2.11% | |
| 15 | CAOS | Alpha Architect Tail Risk | ETF-其他 | 0.97% | -0.28% | +322.51% | |
| 16 | XOM | Exxon Mobil CORP | 股票-能源 | 0.89% | -0.32% | +0.59% | |
| 17 | VTI | Vanguard Total Stock Mkt ETF | ETF-其他 | 0.88% | -0.22% | +5.09% | |
| 18 | MA | Mastercard Inc - A | 股票-金融 | 0.86% | -0.04% | +0.63% | |
| 19 | V | Visa Inc-class A Shares | 股票-金融 | 0.83% | +0.03% | +0.90% | |
| 20 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.80% | -0.10% | +0.64% | |
| 21 | WMT | Walmart Inc | 股票-非循環性消費 | 0.75% | -0.13% | +0.66% | |
| 22 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.69% | -0.04% | +0.63% | |
| 23 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.68% | -0.05% | +0.62% | |
| 24 | HD | Home Depot Inc | 股票-循環性消費 | 0.68% | -0.01% | +0.63% | |
| 25 | IVAL | Alpha Archi Intl Qt Vlu ETF | ETF-其他 | 0.64% | -0.23% | -0.11% | |
| 26 | BAC | Bank Of America CORP | 股票-金融 | 0.60% | +0.04% | +0.60% | |
| 27 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.60% | +0.04% | +0.64% | |
| 28 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.57% | +0.15% | +8.05% | |
| 29 | WFC | Wells Fargo & Co | 股票-金融 | 0.54% | -0.03% | +0.55% | |
| 30 | ORCL | Oracle CORP | 股票-科技 | 0.53% | -0.03% | +0.82% | |
| 31 | CSCO | Cisco Systems Inc | 股票-科技 | 0.52% | +0.20% | -7.63% | |
| 32 | QMOM | Alpha US Quant Mom ETF | ETF-其他 | 0.52% | -0.03% | -5.08% | |
| 33 | PM | Philip Morris International | 股票-非循環性消費 | 0.51% | — | +0.64% | |
| 34 | GE | General Electric | 股票-工業 | 0.51% | +0.10% | +0.64% | |
| 35 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.50% | -0.01% | +0.63% | |
| 36 | IBM | Intl Business Machines CORP | 股票-科技 | 0.49% | +0.02% | +0.65% | |
| 37 | CRM | Salesforce Inc | 股票-科技 | 0.48% | -0.06% | +0.65% | |
| 38 | CVX | Chevron CORP | 股票-能源 | 0.46% | -0.23% | +0.60% | |
| 39 | ABT | Abbott Laboratories | 股票-醫療保健 | 0.43% | -0.05% | +0.66% | |
| 40 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.42% | +0.04% | +0.63% | |
| 41 | IMOM | Alpha Intl Quant Mom ETF | ETF-其他 | 0.42% | -0.11% | -1.70% | |
| 42 | AMD | Advanced Micro Devices | 股票-科技 | 0.42% | +0.83% | +0.66% | |
| 43 | DIS | Walt Disney Co/the | 股票-通訊服務 | 0.41% | -0.03% | +0.62% | |
| 44 | T | At&t Inc | 股票-通訊服務 | 0.41% | -0.11% | -11.03% | |
| 45 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 0.40% | +0.02% | — | |
| 46 | INTU | Intuit Inc | 股票-科技 | 0.40% | -0.08% | +0.69% | |
| 47 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 0.39% | +0.01% | +0.71% | |
| 48 | VZ | Verizon Communications Inc | 股票-通訊服務 | 0.38% | -0.08% | +15.60% | |
| 49 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.38% | -0.01% | +2.90% | |
| 50 | RTX | Rtx CORP | 股票-工業 | 0.37% | -0.05% | +0.63% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +1.6% | +1.93% | 加碼 |
| 2 | MSFT | Microsoft CORP | +0.9% | +0.98% | 加碼 |
| 3 | CAOS | Alpha Architect Tail Risk | +0.7% | +322.51% | 加碼 |
| 4 | AVGO | Broadcom Inc | +0.7% | +3.57% | 加碼 |
| 5 | META | Meta Platforms Inc-class A | +0.3% | +0.63% | 加碼 |
| 6 | WES | Western Midstream Partners L | +0.3% | NEW | 新建倉 |
| 7 | TSM | Taiwan Semiconductor-sp Adr | +0.3% | NEW | 新建倉 |
| 8 | KR | Kroger Co | +0.2% | +195.46% | 加碼 |
| 9 | CPA | Copa Holdings, S.A. | +0.2% | NEW | 新建倉 |
| 10 | NFLX | Netflix Inc | +0.2% | +0.65% | 加碼 |
| 11 | PAC | Grupo Aeroportuario Pac-adr | +0.2% | NEW | 新建倉 |
| 12 | PDLB | Ponce Financial Group Inc | +0.2% | NEW | 新建倉 |
| 13 | MPLX | Mplx LP | +0.2% | NEW | 新建倉 |
| 14 | ORCL | Oracle CORP | +0.2% | +0.82% | 加碼 |
| 15 | AMZN | Amazon.com Inc | +0.1% | +3.74% | 加碼 |
| 16 | OMAB | Grupo Aeroportuario Cen-adr | +0.1% | +73.93% | 加碼 |
| 17 | BTI | British American Tob-sp Adr | +0.1% | NEW | 新建倉 |
| 18 | COF | Capital One Financial CORP | +0.1% | +69.22% | 加碼 |
| 19 | PSMT | Pricesmart Inc | +0.1% | NEW | 新建倉 |
| 20 | JPM | Jpmorgan Chase & Co | +0.1% | +3.58% | 加碼 |
| 21 | ET | Energy Transfer LP | +0.1% | +62.01% | 加碼 |
| 22 | NGVC | Natural Grocers By Vitamin C | +0.1% | NEW | 新建倉 |
| 23 | TX | Ternium Sa-sponsored Adr | +0.1% | NEW | 新建倉 |
| 24 | TSLA | Tesla Inc | +0.1% | +0.70% | 加碼 |
| 25 | GEV | GE Vernova Inc | +0.1% | +0.77% | 加碼 |
| 26 | ARE | Alexandria Real Estate Equit | +0.1% | NEW | 新建倉 |
| 27 | AMD | Advanced Micro Devices | +0.1% | +0.66% | 加碼 |
| 28 | FSLR | First Solar Inc | +0.1% | +383.76% | 加碼 |
| 29 | 5ZZ0 | Contextlogic Inc - A | +0.1% | NEW | 新建倉 |
| 30 | GE | General Electric | +0.1% | +0.64% | 加碼 |
| 31 | AX | Axos Financial Inc | +0.1% | +31.60% | 加碼 |
| 32 | NEM | Newmont CORP | +0.1% | +60.97% | 加碼 |
| 33 | CEG | Constellation Energy | +0.1% | +0.66% | 加碼 |
| 34 | NXT | Nextpower Inc-cl A | +0.1% | NEW | 新建倉 |
| 35 | OSK | Oshkosh CORP | +0.1% | NEW | 新建倉 |
| 36 | EME | Emcor Group Inc | +0.1% | NEW | 新建倉 |
| 37 | SNX | TD Synnex CORP | +0.1% | NEW | 新建倉 |
| 38 | FTI | TechnipFMC plc | +0.1% | NEW | 新建倉 |
| 39 | NXST | Nexstar Media Group Inc | +0.1% | NEW | 新建倉 |
| 40 | AA | Alcoa CORP | +0.1% | NEW | 新建倉 |
| 41 | ATNI | Atn International Inc | +0.1% | NEW | 新建倉 |
| 42 | PR | Permian Resources Corp-cl A | +0.1% | NEW | 新建倉 |
| 43 | MU | Micron Technology Inc | +0.1% | +2.77% | 加碼 |
| 44 | APH | Amphenol Corp-cl A | +0.1% | +0.69% | 加碼 |
| 45 | ✓ | Corporacion Amer Arpts S A | +0.1% | +56.35% | 加碼 |
| 46 | CHTR | Charter Communications Inc-a | +0.1% | +66.20% | 加碼 |
| 47 | UAL | United Airlines Holdings Inc | +0.1% | +114.09% | 加碼 |
| 48 | LDOS | Leidos Holdings Inc | +0.1% | +138.91% | 加碼 |
| 49 | YETI | Yeti Holdings Inc | +0.1% | NEW | 新建倉 |
| 50 | CALM | Cal-maine Foods Inc | +0.1% | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Empirical Finance, LLC 在 Q2 2025 季度的美股持倉總市值約為 US$24.1億，共申報了 508 個公開持股部位。
在 Q2 2025 季度，Empirical Finance, LLC 按市值排列的前三大核心持股分別為：NVDA (7.0%)、MSFT (6.6%)、AAPL (5.6%)。其中最大持股部位 NVDA 佔據整體投資組合約 7.0% 的權重。
在 Q2 2025 季度中，Empirical Finance, LLC 共進行了 199 項持倉異動，包含新建倉 34 個部位、加碼 108 個部位、減碼 26 個部位以及清倉 31 個部位。 其中最大新建倉標的為 WES。 本季清倉部位包含 DFSEUR。
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。