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: 0001780570
申報總市值
US$80.2億
US$80.2億
1192 檔
17.8%
根據最新整理的 13F 季度數據集，Ethic Inc. 於 Q3 2025 結束時的管理資產規模為 US$80.2億。該機構在本季度申報了 1192 檔美股持倉，呈現出該時期的主要投資地圖。
在 Q3 2025，Ethic Inc. 操作展現出積極擴展與加碼意向。本季共新建倉 6 個新部位，並對 138 個既有持股進行加碼（合計增持 144 檔），相較減碼與清倉部位顯著佔優。
檢視投資組合結構，前 5 大主力部位（包含 NVDA, AAPL, MSFT）占據了總市值的 17.8%，展現出該機構在 Q3 2025 的重點資金聚焦與風險分佈特徵。
本季最大新建倉標的
CIB
市值: US$428.2萬
本季最大獲利了結 / 清倉標的
DFSEUR
前期市值: US$484.3萬
僅顯示前 200 大持股（共 1192 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 | 7.03% | -0.11% | +1.74% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 5.88% | -0.11% | +0.77% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 5.68% | -0.46% | -2.76% | |
| 4 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.70% | -0.03% | +0.57% | |
| 5 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 2.22% | +2.84% | NEW | |
| 6 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 2.17% | -2.59% | -7.96% | |
| 7 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.87% | -0.25% | +0.85% | |
| 8 | AVGO | Broadcom Inc | 股票-科技 | 1.87% | +0.16% | +4.33% | |
| 9 | TSLA | Tesla Inc | 股票-循環性消費 | 1.16% | -0.02% | +1.16% | |
| 10 | V | Visa Inc-class A Shares | 股票-金融 | 0.98% | — | +1.41% | |
| 11 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.95% | +0.14% | -0.53% | |
| 12 | ORCL | Oracle CORP | 股票-科技 | 0.92% | -0.07% | +0.72% | |
| 13 | NFLX | Netflix Inc | 股票-通訊服務 | 0.90% | -0.30% | +0.18% | |
| 14 | MA | Mastercard Inc - A | 股票-金融 | 0.81% | -0.09% | -3.06% | |
| 15 | HD | Home Depot Inc | 股票-循環性消費 | 0.70% | -0.05% | +1.99% | |
| 16 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.63% | -0.01% | +0.09% | |
| 17 | IBM | Intl Business Machines CORP | 股票-科技 | 0.57% | -0.02% | -7.34% | |
| 18 | CSCO | Cisco Systems Inc | 股票-科技 | 0.54% | +0.17% | +1.33% | |
| 19 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.52% | +0.14% | +0.29% | |
| 20 | T | At&t Inc | 股票-通訊服務 | 0.51% | -0.19% | -3.19% | |
| 21 | ABT | Abbott Laboratories | 股票-醫療保健 | 0.49% | -0.07% | -4.08% | |
| 22 | MS | Morgan Stanley | 股票-金融 | 0.49% | +0.01% | +0.67% | |
| 23 | VOTE | Tcw Transform 500 ETF | ETF-其他 | 0.47% | -0.20% | +30.41% | |
| 24 | CAT | Caterpillar Inc | 股票-工業 | 0.45% | +0.18% | -0.74% | |
| 25 | AXP | American Express Co | 股票-金融 | 0.44% | -0.03% | -0.70% | |
| 26 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 0.42% | -0.04% | -0.38% | |
| 27 | SPGI | S&p Global Inc | 股票-金融 | 0.41% | -0.06% | -1.56% | |
| 28 | LRCX | Lam Research CORP | 股票-科技 | 0.40% | +0.36% | -1.90% | |
| 29 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.40% | -0.05% | -3.19% | |
| 30 | VZ | Verizon Communications Inc | 股票-通訊服務 | 0.40% | -0.12% | -1.88% | |
| 31 | CRM | Salesforce Inc | 股票-科技 | 0.40% | -0.13% | -0.44% | |
| 32 | BSX | Boston Scientific CORP | 股票-醫療保健 | 0.38% | -0.11% | -10.71% | |
| 33 | NOW | Servicenow Inc | 股票-科技 | 0.38% | -0.04% | -0.35% | |
| 34 | AMAT | Applied Materials Inc | 股票-科技 | 0.38% | +0.45% | -4.72% | |
| 35 | AMD | Advanced Micro Devices | 股票-科技 | 0.38% | +0.74% | +81.80% | |
| 36 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.38% | -0.05% | +12.38% | |
| 37 | DIS | Walt Disney Co/the | 股票-通訊服務 | 0.37% | -0.05% | -1.43% | |
| 38 | UBER | Uber Technologies Inc | 股票-工業 | 0.37% | +0.21% | NEW | |
| 39 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 0.37% | -0.07% | +11.93% | |
| 40 | TJX | Tjx Companies Inc | 股票-循環性消費 | 0.36% | -0.08% | -4.69% | |
| 41 | BAC | Bank Of America CORP | 股票-金融 | 0.36% | +0.01% | +64.37% | |
| 42 | MU | Micron Technology Inc | 股票-科技 | 0.36% | +1.24% | -1.25% | |
| 43 | INTU | Intuit Inc | 股票-科技 | 0.35% | -0.11% | +0.83% | |
| 44 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 0.35% | +0.14% | +12.23% | |
| 45 | ADP | Automatic Data Processing | 股票-科技 | 0.35% | +0.01% | -3.65% | |
| 46 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.35% | -0.01% | +5.80% | |
| 47 | TMUS | T-mobile US Inc | 股票-通訊服務 | 0.33% | -0.08% | -7.70% | |
| 48 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.33% | -0.10% | +6.74% | |
| 49 | GEV | GE Vernova Inc | 股票-工業 | 0.33% | +0.05% | +0.21% | |
| 50 | BNY | Bank Of New York Mellon CORP | 股票-金融 | 0.33% | -0.01% | -1.05% |
| # | 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% | +1.74% | 加碼 |
| 2 | AVGO | Broadcom Inc | +0.8% | +4.33% | 加碼 |
| 3 | MSFT | Microsoft CORP | +0.7% | -2.76% | 加碼 |
| 4 | GOOGL | Alphabet Inc-cl A | +0.5% | +11.61% | 加碼 |
| 5 | GOOG | Alphabet Inc-cl C | +0.4% | -7.96% | 加碼 |
| 6 | ORCL | Oracle CORP | +0.4% | +0.72% | 加碼 |
| 7 | TSLA | Tesla Inc | +0.4% | +1.16% | 加碼 |
| 8 | AMD | Advanced Micro Devices | +0.3% | +81.80% | 加碼 |
| 9 | NFLX | Netflix Inc | +0.2% | +0.18% | 加碼 |
| 10 | VOTE | Tcw Transform 500 ETF | +0.2% | +30.41% | 加碼 |
| 11 | GEV | GE Vernova Inc | +0.2% | +0.21% | 加碼 |
| 12 | AWK | American Water Works Co Inc | +0.2% | +52.12% | 加碼 |
| 13 | PLTR | Palantir Technologies Inc-a | +0.2% | +6.74% | 加碼 |
| 14 | COF | Capital One Financial CORP | +0.2% | +14.58% | 加碼 |
| 15 | APP | Applovin Corp-class A | +0.2% | +150.49% | 加碼 |
| 16 | META | Meta Platforms Inc-class A | +0.2% | +0.85% | 加碼 |
| 17 | LRCX | Lam Research CORP | +0.1% | -1.90% | 加碼 |
| 18 | GS | Goldman Sachs Group Inc | +0.1% | +0.09% | 加碼 |
| 19 | TSM | Taiwan Semiconductor-sp Adr | +0.1% | +12.23% | 加碼 |
| 20 | MS | Morgan Stanley | +0.1% | +0.67% | 加碼 |
| 21 | ASML | ASML Holding N.V. | +0.1% | +23.26% | 加碼 |
| 22 | MNST | Monster Beverage CORP | +0.1% | +172.03% | 加碼 |
| 23 | RBLX | Roblox CORP -class A | +0.1% | +9.19% | 加碼 |
| 24 | MU | Micron Technology Inc | +0.1% | -1.25% | 減碼 |
| 25 | KLAC | Kla CORP | +0.1% | +4.15% | 加碼 |
| 26 | JNJ | Johnson & Johnson | +0.1% | +39.40% | 加碼 |
| 27 | APH | Amphenol Corp-cl A | +0.1% | +1.36% | 加碼 |
| 28 | VLO | Valero Energy CORP | +0.1% | +248.41% | 加碼 |
| 29 | BIIB | Biogen Inc | +0.1% | +257.74% | 加碼 |
| 30 | HOOD | Robinhood Markets Inc - A | +0.1% | -7.96% | 加碼 |
| 31 | CAT | Caterpillar Inc | +0.1% | -0.74% | 加碼 |
| 32 | GLW | Corning Inc | +0.1% | -4.10% | 加碼 |
| 33 | DASH | Doordash Inc - A | +0.1% | -2.50% | 加碼 |
| 34 | COIN | Coinbase Global Inc -class A | +0.1% | +15.11% | 加碼 |
| 35 | DHI | Dr Horton Inc | +0.1% | +23.52% | 加碼 |
| 36 | NET | Cloudflare Inc - Class A | +0.1% | +11.13% | 加碼 |
| 37 | BAC | Bank Of America CORP | +0.1% | +64.37% | 加碼 |
| 38 | GE | General Electric | +0.1% | +2.34% | 加碼 |
| 39 | ANET | Arista Networks Inc | +0.1% | -1.97% | 減碼 |
| 40 | INTC | Intel CORP | +0.1% | +7.64% | 加碼 |
| 41 | REGN | Regeneron Pharmaceuticals | +0.1% | -2.10% | 加碼 |
| 42 | XYL | Xylem Inc | +0.1% | +54.15% | 加碼 |
| 43 | VRT | Vertiv Holdings Co-a | +0.1% | +4.34% | 加碼 |
| 44 | MSTR | Strategy Inc | +0.1% | +335.90% | 加碼 |
| 45 | PWR | Quanta Services Inc | +0.1% | -1.97% | 減碼 |
| 46 | HCA | Hca Healthcare Inc | +0.1% | +72.84% | 加碼 |
| 47 | IDXX | Idexx Laboratories Inc | +0.1% | +18.61% | 加碼 |
| 48 | MPWR | Monolithic Power Systems Inc | +0.1% | -14.45% | 加碼 |
| 49 | STX | Seagate Technology Holdings plc | +0.1% | -0.51% | 加碼 |
| 50 | CRH | CRH plc | +0.1% | +344.67% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Ethic Inc. 在 Q3 2025 季度的美股持倉總市值約為 US$80.2億，共申報了 1192 個公開持股部位。
在 Q3 2025 季度，Ethic Inc. 按市值排列的前三大核心持股分別為：NVDA (7.0%)、AAPL (5.9%)、MSFT (5.7%)。其中最大持股部位 NVDA 佔據整體投資組合約 7.0% 的權重。
在 Q3 2025 季度中，Ethic Inc. 共進行了 200 項持倉異動，包含新建倉 6 個部位、加碼 138 個部位、減碼 50 個部位以及清倉 6 個部位。 其中最大新建倉標的為 CIB。 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。