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: 0001398739
申報總市值
US$125.9億
US$125.9億
493 檔
27.4%
在 Q1 2026 的 13F 官方備案中，Employees Retirement System of Texas 管理的美股投資組合規模來到 US$125.9億，整體持股檔數為 493 檔。
數據顯示 Employees Retirement System of Texas 於 Q1 2026 季度持續回收資金，對 92 個既有部位進行裁減並清倉 33 個標的，組合整體流動性比重有所上升。
在資產配置集中度方面，Employees Retirement System of Texas 的前 5 大核心持股（包含 VGIT, NVDA, AAPL 等）合計佔整體申報市值的 27.4%，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 493 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 | VGIT | Vanguard Intermediate-term T | ETF-其他 | 12.18% | -1.22% | +5.29% | |
| 2 | NVDA | Nvidia CORP | 股票-科技 | 5.39% | -0.19% | -3.42% | |
| 3 | AAPL | Apple Inc | 股票-科技 | 4.54% | +0.33% | -9.86% | |
| 4 | MSFT | Microsoft CORP | 股票-科技 | 4.45% | -0.63% | -3.65% | |
| 5 | HYLB | Xtrackers Usd High Yield Cor | ETF-非投資等級債 | 3.60% | -0.30% | — | |
| 6 | AMZN | Amazon.com Inc | 股票-循環性消費 | 3.37% | +0.13% | -4.31% | |
| 7 | IAU | Ishares Gold Trust | ETF-避險與商品 | 2.54% | -2.14% | +1247.03% | |
| 8 | AVGO | Broadcom Inc | 股票-科技 | 2.29% | +0.08% | +0.29% | |
| 9 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 2.21% | +0.81% | -24.33% | |
| 10 | XOM | Exxon Mobil CORP | 股票-能源 | 1.74% | -0.49% | -5.79% | |
| 11 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.59% | -0.01% | -18.23% | |
| 12 | VGK | Vanguard Ftse Europe ETF | ETF-其他 | 1.44% | -0.04% | — | |
| 13 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.39% | -0.03% | -5.05% | |
| 14 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.32% | -0.01% | -5.10% | |
| 15 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.22% | +0.19% | -2.71% | |
| 16 | V | Visa Inc-class A Shares | 股票-金融 | 1.17% | +0.03% | +2750.58% | |
| 17 | WMT | Walmart Inc | 股票-非循環性消費 | 1.16% | -0.34% | -5.10% | |
| 18 | TSLA | Tesla Inc | 股票-循環性消費 | 1.14% | +0.01% | -12.03% | |
| 19 | MA | Mastercard Inc - A | 股票-金融 | 1.14% | +0.13% | -31.81% | |
| 20 | NEM | Newmont CORP | 股票-原物料 | 1.06% | -0.30% | -19.16% | |
| 21 | HD | Home Depot Inc | 股票-循環性消費 | 1.03% | -0.20% | +29.65% | |
| 22 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 1.02% | -0.27% | -8.00% | |
| 23 | VEA | Vanguard Ftse Developed ETF | ETF-其他 | 1.01% | +0.01% | — | |
| 24 | PH | Parker Hannifin CORP | 股票-工業 | 0.99% | -0.25% | -5.10% | |
| 25 | BAC | Bank Of America CORP | 股票-金融 | 0.98% | +0.13% | -6.71% | |
| 26 | FCX | Freeport-mcmoran Inc | 股票-原物料 | 0.95% | +0.02% | -9.71% | |
| 27 | NFLX | Netflix Inc | 股票-通訊服務 | 0.92% | -0.90% | +95.03% | |
| 28 | SCHW | Schwab (charles) CORP | 股票-金融 | 0.88% | -0.10% | +20.99% | |
| 29 | PANW | Palo Alto Networks Inc | 股票-科技 | 0.88% | +0.79% | -5.09% | |
| 30 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.87% | +0.03% | — | |
| 31 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.86% | -0.16% | -20.21% | |
| 32 | MSI | Motorola Solutions Inc | 股票-科技 | 0.83% | -0.27% | -7.37% | |
| 33 | XBI | Ss Spdr S&p Biotech ETF | ETF-科技型 | 0.77% | +0.08% | -5.10% | |
| 34 | CDNS | Cadence Design Sys Inc | 股票-科技 | 0.76% | +0.02% | +9.44% | |
| 35 | ISRG | Intuitive Surgical Inc | 股票-醫療保健 | 0.71% | -0.07% | +127.91% | |
| 36 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 0.70% | -0.06% | -6.73% | |
| 37 | TJX | Tjx Companies Inc | 股票-循環性消費 | 0.69% | -0.11% | -14.47% | |
| 38 | ANET | Arista Networks Inc | 股票-科技 | 0.68% | +0.16% | -4.97% | |
| 39 | FITB | Fifth Third Bancorp | 股票-金融 | 0.66% | +0.06% | -5.10% | |
| 40 | AMD | Advanced Micro Devices | 股票-科技 | 0.66% | +1.02% | -5.09% | |
| 41 | ETR | Entergy CORP | 股票-公用事業 | 0.66% | -0.06% | -5.10% | |
| 42 | MS | Morgan Stanley | 股票-金融 | 0.66% | +0.18% | -5.10% | |
| 43 | FAST | Fastenal Co | 股票-工業 | 0.66% | +0.06% | +41.33% | |
| 44 | DHR | Danaher CORP | 股票-醫療保健 | 0.66% | -0.61% | -4.66% | |
| 45 | TMUS | T-mobile US Inc | 股票-通訊服務 | 0.65% | -0.17% | +18.81% | |
| 46 | EQIX | Equinix Inc | 股票-房地產 | 0.64% | -0.06% | -4.97% | |
| 47 | AME | Ametek Inc | 股票-工業 | 0.64% | +0.09% | +29.85% | |
| 48 | ALLY | Ally Financial Inc | 股票-金融 | 0.64% | +0.03% | +11.33% | |
| 49 | WEC | Wec Energy Group Inc | 股票-公用事業 | 0.63% | -0.06% | -5.09% | |
| 50 | ICE | Intercontinental Exchange In | 股票-金融 | 0.63% | -0.19% | -1.74% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | IAU | Ishares Gold Trust | +2.4% | +1247.03% | 加碼 |
| 2 | VGIT | Vanguard Intermediate-term T | +1.3% | +5.29% | 加碼 |
| 3 | V | Visa Inc-class A Shares | +1.1% | +2750.58% | 加碼 |
| 4 | XOM | Exxon Mobil CORP | +0.5% | -5.79% | 減碼 |
| 5 | NFLX | Netflix Inc | +0.5% | +95.03% | 加碼 |
| 6 | ISRG | Intuitive Surgical Inc | +0.4% | +127.91% | 加碼 |
| 7 | FAST | Fastenal Co | +0.3% | +41.33% | 加碼 |
| 8 | ODFL | Old Dominion Freight Line | +0.3% | +28.56% | 加碼 |
| 9 | HD | Home Depot Inc | +0.3% | +29.65% | 加碼 |
| 10 | PAAA | Pgim Aaa Clo ETF | +0.2% | +100.00% | 加碼 |
| 11 | TT | Trane Technologies plc | +0.2% | +33.60% | 加碼 |
| 12 | AME | Ametek Inc | +0.2% | +29.85% | 加碼 |
| 13 | SLB | Slb LTD | +0.2% | +5.30% | 加碼 |
| 14 | ET | Energy Transfer LP | +0.2% | +18.20% | 加碼 |
| 15 | HYLB | Xtrackers Usd High Yield Cor | +0.2% | — | 不變 |
| 16 | SCHW | Schwab (charles) CORP | +0.2% | +20.99% | 加碼 |
| 17 | TMUS | T-mobile US Inc | +0.2% | +18.81% | 加碼 |
| 18 | LNG | Cheniere Energy Inc | +0.2% | -8.79% | 減碼 |
| 19 | EQIX | Equinix Inc | +0.2% | -4.97% | 減碼 |
| 20 | WMT | Walmart Inc | +0.1% | -5.10% | 減碼 |
| 21 | ETR | Entergy CORP | +0.1% | -5.10% | 減碼 |
| 22 | COST | Costco Wholesale CORP | +0.1% | -8.00% | 減碼 |
| 23 | ETN | Eaton Corporation plc | +0.1% | — | 不變 |
| 24 | FCX | Freeport-mcmoran Inc | +0.1% | -9.71% | 減碼 |
| 25 | VEA | Vanguard Ftse Developed ETF | +0.1% | — | 不變 |
| 26 | MSI | Motorola Solutions Inc | +0.1% | -7.37% | 減碼 |
| 27 | VRT | Vertiv Holdings Co-a | +0.1% | -27.65% | 減碼 |
| 28 | NXPI | NXP Semiconductors N.V. | +0.1% | +17.69% | 加碼 |
| 29 | WEC | Wec Energy Group Inc | +0.1% | -5.09% | 減碼 |
| 30 | NOK | Nokia Corp-spon Adr | +0.1% | +343.26% | 加碼 |
| 31 | PBR | Petroleo Brasileiro-spon Adr | 0% | +298.17% | 加碼 |
| 32 | MCD | Mcdonald's CORP | 0% | +191.07% | 加碼 |
| 33 | SNDK | Sandisk CORP | 0% | -45.91% | 減碼 |
| 34 | PH | Parker Hannifin CORP | 0% | -5.10% | 減碼 |
| 35 | PEP | Pepsico Inc | 0% | +231.47% | 加碼 |
| 36 | ASML | ASML Holding N.V. | 0% | — | 不變 |
| 37 | NI | Nisource Inc | 0% | -5.10% | 減碼 |
| 38 | DPZ | Domino's Pizza Inc | 0% | +778.64% | 加碼 |
| 39 | LRCX | Lam Research CORP | 0% | — | 不變 |
| 40 | MU | Micron Technology Inc | 0% | +54.58% | 加碼 |
| 41 | ALLY | Ally Financial Inc | 0% | +11.33% | 加碼 |
| 42 | FTNT | Fortinet Inc | 0% | +32.34% | 加碼 |
| 43 | CDNS | Cadence Design Sys Inc | 0% | +9.44% | 加碼 |
| 44 | WSO | Watsco Inc | 0% | -4.80% | 減碼 |
| 45 | FDX | Fedex CORP | 0% | +268.13% | 加碼 |
| 46 | SCCO | Southern Copper CORP | 0% | +2728.80% | 加碼 |
| 47 | LIN | Linde plc | 0% | — | 不變 |
| 48 | FITB | Fifth Third Bancorp | 0% | -5.10% | 減碼 |
| 49 | ICE | Intercontinental Exchange In | 0% | -1.74% | 減碼 |
| 50 | SPOT | Spotify Technology S.A. | 0% | +13.60% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Employees Retirement System of Texas 在 Q1 2026 季度的美股持倉總市值約為 US$125.9億，共申報了 493 個公開持股部位。
在 Q1 2026 季度，Employees Retirement System of Texas 按市值排列的前三大核心持股分別為：VGIT (12.2%)、NVDA (5.4%)、AAPL (4.5%)。其中最大持股部位 VGIT 佔據整體投資組合約 12.2% 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
VGK
市值: US$1.6億
本季最大獲利了結 / 清倉標的
VOO
前期市值: US$2.5億
在 Q1 2026 季度中，Employees Retirement System of Texas 共進行了 187 項持倉異動，包含新建倉 21 個部位、加碼 41 個部位、減碼 92 個部位以及清倉 33 個部位。 其中最大新建倉標的為 VGK。 本季清倉部位包含 VOO。
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。