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
506 檔
23.3%
Empirical Finance, LLC 在 Q3 2025 季度的美股部位總計估值為 US$24.1億，分散於 506 個持倉標的之中，反映其市場參與廣度與投資規模。
Q3 2025 數據顯示 Empirical Finance, LLC 積極進場，新開立 36 個部位並同步加碼 123 檔個股，反映機構在該季度的資金注入與籌碼積累。
在資產配置集中度方面，Empirical Finance, LLC 的前 5 大核心持股（包含 NVDA, AAPL, MSFT 等）合計佔整體申報市值的 23.3%，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 506 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 | 7.64% | +0.34% | +0.89% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 6.38% | +0.26% | +0.88% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 6.33% | -0.32% | +1.55% | |
| 4 | AMZN | Amazon.com Inc | 股票-循環性消費 | 3.60% | -0.01% | +3.48% | |
| 5 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.73% | -0.20% | +0.91% | |
| 6 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 2.40% | +0.37% | +0.29% | |
| 7 | AVGO | Broadcom Inc | 股票-科技 | 2.35% | +0.26% | +1.05% | |
| 8 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 2.07% | +0.11% | -4.46% | |
| 9 | TSLA | Tesla Inc | 股票-循環性消費 | 1.76% | +0.06% | +1.13% | |
| 10 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.58% | +0.02% | +0.87% | |
| 11 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.24% | -0.04% | +1.23% | |
| 12 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.02% | +0.22% | +1.66% | |
| 13 | QVAL | Alpha Arch US Qnt Value ETF | ETF-其他 | 0.95% | -0.17% | -1.46% | |
| 14 | NFLX | Netflix Inc | 股票-通訊服務 | 0.87% | -0.21% | +0.94% | |
| 15 | VTI | Vanguard Total Stock Mkt ETF | ETF-其他 | 0.86% | -0.22% | — | |
| 16 | XOM | Exxon Mobil CORP | 股票-能源 | 0.85% | -0.32% | +0.89% | |
| 17 | CAOS | Alpha Architect Tail Risk | ETF-其他 | 0.82% | -0.28% | -8.09% | |
| 18 | MA | Mastercard Inc - A | 股票-金融 | 0.79% | -0.04% | +0.95% | |
| 19 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.76% | -0.05% | +0.95% | |
| 20 | V | Visa Inc-class A Shares | 股票-金融 | 0.74% | +0.03% | +1.28% | |
| 21 | WMT | Walmart Inc | 股票-非循環性消費 | 0.73% | -0.13% | +1.01% | |
| 22 | HD | Home Depot Inc | 股票-循環性消費 | 0.71% | -0.01% | +5.10% | |
| 23 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.68% | -0.10% | +1.02% | |
| 24 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.68% | +0.04% | +0.97% | |
| 25 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.63% | -0.04% | +4.38% | |
| 26 | ORCL | Oracle CORP | 股票-科技 | 0.62% | -0.03% | +1.11% | |
| 27 | BAC | Bank Of America CORP | 股票-金融 | 0.60% | +0.04% | +0.91% | |
| 28 | CVX | Chevron CORP | 股票-能源 | 0.58% | -0.23% | +29.11% | |
| 29 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.58% | +0.15% | +0.95% | |
| 30 | GE | General Electric | 股票-工業 | 0.55% | +0.10% | +0.94% | |
| 31 | IVAL | Alpha Archi Intl Qt Vlu ETF | ETF-其他 | 0.53% | -0.23% | -16.07% | |
| 32 | WFC | Wells Fargo & Co | 股票-金融 | 0.51% | -0.03% | +0.78% | |
| 33 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 0.50% | -0.28% | +79.47% | |
| 34 | CSCO | Cisco Systems Inc | 股票-科技 | 0.49% | +0.20% | +6.19% | |
| 35 | MS | Morgan Stanley | 股票-金融 | 0.47% | -0.02% | +37.89% | |
| 36 | QMOM | Alpha US Quant Mom ETF | ETF-其他 | 0.47% | -0.03% | +0.14% | |
| 37 | CAT | Caterpillar Inc | 股票-工業 | 0.45% | +0.23% | +11.86% | |
| 38 | ET | Energy Transfer LP | 股票-能源 | 0.45% | -0.45% | +40.80% | |
| 39 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.44% | +0.04% | +0.85% | |
| 40 | AMD | Advanced Micro Devices | 股票-科技 | 0.44% | +0.83% | +0.92% | |
| 41 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.43% | -0.01% | +0.99% | |
| 42 | IBM | Intl Business Machines CORP | 股票-科技 | 0.43% | +0.02% | +1.01% | |
| 43 | PM | Philip Morris International | 股票-非循環性消費 | 0.42% | — | +1.01% | |
| 44 | IMOM | Alpha Intl Quant Mom ETF | ETF-其他 | 0.40% | -0.11% | -4.86% | |
| 45 | RTX | Rtx CORP | 股票-工業 | 0.39% | -0.05% | +0.89% | |
| 46 | ABT | Abbott Laboratories | 股票-醫療保健 | 0.39% | -0.05% | +1.00% | |
| 47 | T | At&t Inc | 股票-通訊服務 | 0.39% | -0.11% | +7.14% | |
| 48 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.39% | -0.01% | +7.01% | |
| 49 | CRM | Salesforce Inc | 股票-科技 | 0.38% | -0.06% | +0.97% | |
| 50 | AAVM | Alpha Architect Global Facto | ETF-其他 | 0.37% | -0.14% | +14.05% |
| # | 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% | +0.89% | 加碼 |
| 2 | AVGO | Broadcom Inc | +0.9% | +1.05% | 加碼 |
| 3 | MSFT | Microsoft CORP | +0.7% | +1.55% | 加碼 |
| 4 | CAOS | Alpha Architect Tail Risk | +0.6% | -8.09% | 加碼 |
| 5 | GOOGL | Alphabet Inc-cl A | +0.5% | +0.29% | 加碼 |
| 6 | TSLA | Tesla Inc | +0.5% | +1.13% | 加碼 |
| 7 | GOOG | Alphabet Inc-cl C | +0.4% | -4.46% | 減碼 |
| 8 | ORCL | Oracle CORP | +0.2% | +1.11% | 加碼 |
| 9 | OMAB | Grupo Aeroportuario Cen-adr | +0.2% | +40.80% | 加碼 |
| 10 | ET | Energy Transfer LP | +0.2% | +40.80% | 加碼 |
| 11 | KR | Kroger Co | +0.2% | +0.25% | 加碼 |
| 12 | MS | Morgan Stanley | +0.2% | +37.89% | 加碼 |
| 13 | AX | Axos Financial Inc | +0.1% | +27.70% | 加碼 |
| 14 | LRCX | Lam Research CORP | +0.1% | +5.14% | 加碼 |
| 15 | MU | Micron Technology Inc | +0.1% | -1.10% | 加碼 |
| 16 | NEM | Newmont CORP | +0.1% | +0.94% | 加碼 |
| 17 | GE | General Electric | +0.1% | +0.94% | 加碼 |
| 18 | CAT | Caterpillar Inc | +0.1% | +11.86% | 加碼 |
| 19 | GEV | GE Vernova Inc | +0.1% | +1.00% | 加碼 |
| 20 | JPM | Jpmorgan Chase & Co | +0.1% | +0.87% | 加碼 |
| 21 | AMD | Advanced Micro Devices | +0.1% | +0.92% | 加碼 |
| 22 | APH | Amphenol Corp-cl A | +0.1% | +1.00% | 加碼 |
| 23 | FSLR | First Solar Inc | +0.1% | +0.83% | 加碼 |
| 24 | COF | Capital One Financial CORP | +0.1% | +0.92% | 加碼 |
| 25 | ANET | Arista Networks Inc | +0.1% | -2.54% | 加碼 |
| 26 | EC | Ecopetrol Sa-sponsored Adr | +0.1% | +40.80% | 加碼 |
| 27 | META | Meta Platforms Inc-class A | +0.1% | +0.91% | 加碼 |
| 28 | GS | Goldman Sachs Group Inc | +0.1% | +0.85% | 加碼 |
| 29 | GM | General Motors Co | +0.1% | +0.60% | 加碼 |
| 30 | UAL | United Airlines Holdings Inc | +0.1% | +0.75% | 加碼 |
| 31 | LDOS | Leidos Holdings Inc | +0.1% | +0.70% | 加碼 |
| 32 | MEDP | Medpace Holdings Inc | +0.1% | -25.49% | 加碼 |
| 33 | KLAC | Kla CORP | +0.1% | +0.87% | 加碼 |
| 34 | ✓ | Corporacion Amer Arpts S A | +0.1% | +27.75% | 加碼 |
| 35 | CEG | Constellation Energy | +0.1% | +0.93% | 加碼 |
| 36 | MAS | Masco CORP | +0.1% | +0.68% | 加碼 |
| 37 | C | Citigroup Inc | 0% | +0.88% | 加碼 |
| 38 | INTC | Intel CORP | 0% | +1.07% | 加碼 |
| 39 | CCS | Century Communities Inc | 0% | +40.79% | 加碼 |
| 40 | GLW | Corning Inc | 0% | +0.98% | 加碼 |
| 41 | AMAT | Applied Materials Inc | 0% | +0.84% | 加碼 |
| 42 | AZO | Autozone Inc | 0% | +0.82% | 加碼 |
| 43 | AGM | Federal Agric Mtg Corp-cl C | 0% | +40.14% | 加碼 |
| 44 | URBN | Urban Outfitters Inc | 0% | +0.59% | 加碼 |
| 45 | HWM | Howmet Aerospace Inc | 0% | +0.99% | 加碼 |
| 46 | WDC | Western Digital CORP | 0% | +1.01% | 加碼 |
| 47 | GPRK | GeoPark Limited | 0% | +40.79% | 加碼 |
| 48 | EMN | Eastman Chemical Co | 0% | +0.67% | 加碼 |
| 49 | NFLX | Netflix Inc | 0% | +0.94% | 加碼 |
| 50 | CDNS | Cadence Design Sys Inc | 0% | +0.93% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Empirical Finance, LLC 在 Q3 2025 季度的美股持倉總市值約為 US$24.1億，共申報了 506 個公開持股部位。
在 Q3 2025 季度，Empirical Finance, LLC 按市值排列的前三大核心持股分別為：NVDA (7.6%)、AAPL (6.4%)、MSFT (6.3%)。其中最大持股部位 NVDA 佔據整體投資組合約 7.6% 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
TSM
市值: US$1041.0萬
本季最大獲利了結 / 清倉標的
DFSEUR
前期市值: US$154.7萬
在 Q3 2025 季度中，Empirical Finance, LLC 共進行了 200 項持倉異動，包含新建倉 36 個部位、加碼 123 個部位、減碼 18 個部位以及清倉 23 個部位。 其中最大新建倉標的為 TSM。 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。
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。