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: 0001009003
申報總市值
US$3.0億
US$3.0億
161 檔
24.5%
在 Q4 2025 申報期間，Excalibur Management CORP（CIK: 0001009003）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 161 個公開申報部位。
數據顯示 Excalibur Management CORP 於 Q4 2025 季度持續回收資金，對 23 個既有部位進行裁減並清倉 9 個標的，組合整體流動性比重有所上升。
從部位權重觀察，前 5 大標的（包含 CSL, AAPL, MSFT）累計市值佔比達 24.5%，是驅動 Excalibur Management CORP 該季度整體投資組合績效表現的核心支柱。
| # | 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 | CSL | Carlisle Cos Inc | 股票-工業 | 8.30% | -0.01% | -2.23% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 5.86% | +0.21% | -3.93% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 4.45% | +0.11% | -2.24% | |
| 4 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 4.24% | -0.15% | +6.86% | |
| 5 | JPM | Jpmorgan Chase & Co | 股票-金融 | 3.96% | +0.05% | -1.93% | |
| 6 | JNJ | Johnson & Johnson | 股票-醫療保健 | 2.83% | -0.17% | -0.58% | |
| 7 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 2.15% | +0.26% | -1.85% | |
| 8 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 2.01% | -0.01% | +2.07% | |
| 9 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.89% | -0.01% | +0.29% | |
| 10 | RSP | Invesco S&p 500 Equal Weight | ETF-大型股與成長 | 1.71% | +0.31% | +14.15% | |
| 11 | V | Visa Inc-class A Shares | 股票-金融 | 1.60% | +0.06% | -0.80% | |
| 12 | VZ | Verizon Communications Inc | 股票-通訊服務 | 1.55% | -0.38% | +4.97% | |
| 13 | IBM | Intl Business Machines CORP | 股票-科技 | 1.45% | +0.07% | -0.54% | |
| 14 | T | At&t Inc | 股票-通訊服務 | 1.38% | -0.50% | +2.57% | |
| 15 | PFE | Pfizer Inc | 股票-醫療保健 | 1.35% | -0.29% | +3.58% | |
| 16 | GS | Goldman Sachs Group Inc | 股票-金融 | 1.35% | +0.03% | -0.58% | |
| 17 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 1.29% | — | -0.08% | |
| 18 | NVDA | Nvidia CORP | 股票-科技 | 1.23% | +0.05% | +2.00% | |
| 19 | XOM | Exxon Mobil CORP | 股票-能源 | 1.20% | -1.64% | EXIT | |
| 20 | CSCO | Cisco Systems Inc | 股票-科技 | 1.17% | +0.44% | -0.72% | |
| 21 | CVS | Cvs Health CORP | 股票-醫療保健 | 1.12% | +0.32% | -2.25% | |
| 22 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.12% | +0.06% | -4.07% | |
| 23 | ABBV | Abbvie Inc | 股票-醫療保健 | 1.11% | +0.07% | -2.01% | |
| 24 | NFLX | Netflix Inc | 股票-通訊服務 | 1.09% | -0.33% | +894.06% | |
| 25 | CVX | Chevron CORP | 股票-能源 | 1.05% | -0.35% | +4.19% | |
| 26 | PEP | Pepsico Inc | 股票-非循環性消費 | 1.02% | -0.21% | +8.01% | |
| 27 | BAC | Bank Of America CORP | 股票-金融 | 0.98% | +0.07% | +2.38% | |
| 28 | GILD | Gilead Sciences Inc | 股票-醫療保健 | 0.95% | -0.18% | -1.88% | |
| 29 | GLD | Spdr Gold Shares | ETF-避險與商品 | 0.95% | -0.21% | -2.72% | |
| 30 | RTX | Rtx CORP | 股票-工業 | 0.89% | -0.11% | -2.27% | |
| 31 | AXP | American Express Co | 股票-金融 | 0.84% | +0.02% | -5.87% | |
| 32 | AVGO | Broadcom Inc | 股票-科技 | 0.82% | +0.07% | -4.31% | |
| 33 | MS | Morgan Stanley | 股票-金融 | 0.78% | +0.04% | -1.30% | |
| 34 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.78% | -0.04% | +0.05% | |
| 35 | SPGI | S&p Global Inc | 股票-金融 | 0.77% | -0.08% | — | |
| 36 | FDX | Fedex CORP | 股票-工業 | 0.77% | -0.18% | -0.93% | |
| 37 | AMGN | Amgen Inc | 股票-醫療保健 | 0.76% | -0.05% | +0.05% | |
| 38 | KMI | Kinder Morgan, Inc. | 股票-能源 | 0.72% | -0.11% | -0.82% | |
| 39 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 0.68% | +0.07% | +9.90% | |
| 40 | INTC | Intel CORP | 股票-科技 | 0.66% | +1.37% | -3.27% | |
| 41 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 0.64% | +0.03% | -0.95% | |
| 42 | BMY | Bristol-myers Squibb Co | 股票-醫療保健 | 0.64% | -0.07% | +6.60% | |
| 43 | ABT | Abbott Laboratories | 股票-醫療保健 | 0.63% | -0.10% | — | |
| 44 | C | Citigroup Inc | 股票-金融 | 0.62% | +0.08% | +0.16% | |
| 45 | HD | Home Depot Inc | 股票-循環性消費 | 0.61% | +0.02% | -0.18% | |
| 46 | WPC | Wp Carey Inc | 股票-房地產 | 0.60% | -0.01% | -2.52% | |
| 47 | WFC | Wells Fargo & Co | 股票-金融 | 0.60% | -0.03% | -1.47% | |
| 48 | SHEL | Shell Plc-adr | 股票-能源 | 0.59% | -0.18% | -0.27% | |
| 49 | ORCL | Oracle CORP | 股票-科技 | 0.58% | -0.03% | -3.52% | |
| 50 | INDB | Independent Bank Corp/ma | 股票-其他 | 0.58% | +0.01% | -4.38% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | GOOGL | Alphabet Inc-cl A | +0.4% | -1.85% | 減碼 |
| 2 | MRK | Merck & Co. Inc. | +0.4% | +2.07% | 加碼 |
| 3 | JNJ | Johnson & Johnson | +0.3% | -0.58% | 減碼 |
| 4 | BRK-B | Berkshire Hathaway Inc-cl B | +0.3% | +6.86% | 加碼 |
| 5 | RSP | Invesco S&p 500 Equal Weight | +0.2% | +14.15% | 加碼 |
| 6 | BMY | Bristol-myers Squibb Co | +0.1% | +6.60% | 加碼 |
| 7 | LLY | Eli Lilly & Co | +0.1% | -3.94% | 減碼 |
| 8 | FDX | Fedex CORP | +0.1% | -0.93% | 減碼 |
| 9 | VIG | Vanguard Dividend Apprec ETF | +0.1% | +39.37% | 加碼 |
| 10 | CSCO | Cisco Systems Inc | +0.1% | -0.72% | 減碼 |
| 11 | AAPL | Apple Inc | +0.1% | -3.93% | 減碼 |
| 12 | GS | Goldman Sachs Group Inc | +0.1% | -0.58% | 減碼 |
| 13 | AMGN | Amgen Inc | +0.1% | +0.05% | 加碼 |
| 14 | GOOG | Alphabet Inc-cl C | +0.1% | -0.54% | 減碼 |
| 15 | XOM | Exxon Mobil CORP | +0.1% | +2.12% | 加碼 |
| 16 | PEP | Pepsico Inc | +0.1% | +8.01% | 加碼 |
| 17 | BAC | Bank Of America CORP | +0.1% | +2.38% | 加碼 |
| 18 | C | Citigroup Inc | +0.1% | +0.16% | 加碼 |
| 19 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.1% | +9.90% | 加碼 |
| 20 | GLD | Spdr Gold Shares | +0.1% | -2.72% | 減碼 |
| 21 | MS | Morgan Stanley | +0.1% | -1.30% | 減碼 |
| 22 | ALB | Albemarle CORP | +0.1% | -1.67% | 減碼 |
| 23 | GILD | Gilead Sciences Inc | +0.1% | -1.88% | 減碼 |
| 24 | IBM | Intl Business Machines CORP | +0.1% | -0.54% | 減碼 |
| 25 | NEM | Newmont CORP | +0.1% | -0.39% | 減碼 |
| 26 | RTX | Rtx CORP | +0.1% | -2.27% | 減碼 |
| 27 | KMB | Kimberly-clark CORP | -0.1% | -8.72% | 減碼 |
| 28 | PG | Procter & Gamble Co/the | -0.1% | -0.08% | 減碼 |
| 29 | 6D8 | Dupont De Nemours Inc | -0.1% | -6.74% | 減碼 |
| 30 | ETN | Eaton Corporation plc | -0.1% | -3.08% | 減碼 |
| 31 | HD | Home Depot Inc | -0.1% | -0.18% | 減碼 |
| 32 | T | At&t Inc | -0.2% | +2.57% | 加碼 |
| 33 | META | Meta Platforms Inc-class A | -0.2% | +0.29% | 加碼 |
| 34 | ORCL | Oracle CORP | -0.3% | -3.52% | 減碼 |
| 35 | NFLX | Netflix Inc | -0.3% | +894.06% | 加碼 |
| 36 | MSFT | Microsoft CORP | -0.5% | -2.24% | 減碼 |
| 37 | CSL | Carlisle Cos Inc | -0.5% | -2.23% | 減碼 |
| 38 | GLDM | Spdr Gold Minishares Trust | — | EXIT | 清倉 |
| 39 | UL | Unilever PLC | — | EXIT | 清倉 |
| 40 | UL | Unilever Plc-sponsored Adr | — | NEW | 新建倉 |
| 41 | BRK-A | Berkshire Hathaway Inc-cl A | — | EXIT | 清倉 |
| 42 | KEL | Kellanova | — | EXIT | 清倉 |
| 43 | IAU | Ishares Gold Trust | — | NEW | 新建倉 |
| 44 | CMCSA | Comcast Corp-class A | — | EXIT | 清倉 |
| 45 | Q | Qnity Electronics Inc | — | NEW | 新建倉 |
| 46 | SHV | Ishares 0-1 Year Treasury Bo | — | NEW | 新建倉 |
| 47 | PSA | Public Storage | — | EXIT | 清倉 |
| 48 | INGR | Ingredion Inc | — | EXIT | 清倉 |
| 49 | FISV | Fiserv Inc | — | EXIT | 清倉 |
| 50 | CL | Colgate-palmolive Co | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Excalibur Management CORP 在 Q4 2025 季度的美股持倉總市值約為 US$3.0億，共申報了 161 個公開持股部位。
在 Q4 2025 季度，Excalibur Management CORP 按市值排列的前三大核心持股分別為：CSL (8.3%)、AAPL (5.9%)、MSFT (4.5%)。其中最大持股部位 CSL 佔據整體投資組合約 8.3% 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
UL
市值: US$77.1萬
本季最大獲利了結 / 清倉標的
GLDM
前期市值: US$110.8萬
在 Q4 2025 季度中，Excalibur Management CORP 共進行了 50 項持倉異動，包含新建倉 4 個部位、加碼 14 個部位、減碼 23 個部位以及清倉 9 個部位。 其中最大新建倉標的為 UL。 本季清倉部位包含 GLDM。
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。