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: 0001116247
申報總市值
US$2.0億
US$2.0億
115 檔
24.4%
在 Q4 2025 的 13F 官方備案中，Fairfield, Bush & Co. 管理的美股投資組合規模來到 US$2.0億，整體持股檔數為 115 檔。
數據顯示 Fairfield, Bush & Co. 於 Q4 2025 季度持續回收資金，對 75 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。
在資產配置集中度方面，Fairfield, Bush & Co. 的前 5 大核心持股（包含 MSFT, GOOG, AMZN 等）合計佔整體申報市值的 24.4%，反映機構在主要關鍵部位上的權重分佈。
本季最大新建倉標的
META
市值: US$53.0萬
本季最大獲利了結 / 清倉標的
PG
前期市值: US$30.5萬
| # | 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 | MSFT | Microsoft CORP | 股票-科技 | 6.52% | -0.56% | -2.60% | |
| 2 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 5.26% | +0.31% | -5.18% | |
| 3 | AMZN | Amazon.com Inc | 股票-循環性消費 | 5.06% | -0.22% | -2.64% | |
| 4 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 4.85% | +1.08% | -6.44% | |
| 5 | AVGO | Broadcom Inc | 股票-科技 | 4.51% | +0.07% | -5.51% | |
| 6 | ORCL | Oracle CORP | 股票-科技 | 4.25% | -0.37% | -4.70% | |
| 7 | ADM | Archer-daniels-midland Co | 股票-非循環性消費 | 4.19% | -0.45% | +0.00% | |
| 8 | JPM | Jpmorgan Chase & Co | 股票-金融 | 2.94% | -0.06% | -5.94% | |
| 9 | AAPL | Apple Inc | 股票-科技 | 2.72% | -0.07% | -3.98% | |
| 10 | QCOM | Qualcomm Inc | 股票-科技 | 2.06% | +0.35% | -8.46% | |
| 11 | LOW | Lowe's Cos Inc | 股票-循環性消費 | 1.99% | -0.35% | -5.43% | |
| 12 | WMT | Walmart Inc | 股票-非循環性消費 | 1.94% | -0.39% | -6.10% | |
| 13 | SHOP | Shopify Inc - Class A | 股票-科技 | 1.65% | -0.11% | -11.89% | |
| 14 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.61% | +0.24% | -3.89% | |
| 15 | NVS | Novartis Ag-sponsored Adr | 股票-醫療保健 | 1.57% | -0.16% | -5.43% | |
| 16 | RY | Royal Bank Of Canada | 股票-金融 | 1.56% | +0.18% | -9.98% | |
| 17 | ANET | Arista Networks Inc | 股票-科技 | 1.53% | +0.39% | +3.11% | |
| 18 | CRWD | Crowdstrike Holdings Inc - A | 股票-科技 | 1.52% | +0.80% | -3.43% | |
| 19 | CCJ | Cameco CORP | 股票-能源 | 1.49% | -0.35% | +10.39% | |
| 20 | NFLX | Netflix Inc | 股票-通訊服務 | 1.44% | -0.41% | +984.11% | |
| 21 | NVDA | Nvidia CORP | 股票-科技 | 1.36% | -0.01% | -2.95% | |
| 22 | CVX | Chevron CORP | 股票-能源 | 1.36% | -0.47% | -7.83% | |
| 23 | ASML | ASML Holding N.V. | 股票-科技 | 1.31% | +0.50% | +10.82% | |
| 24 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 1.25% | -0.10% | -2.44% | |
| 25 | INTU | Intuit Inc | 股票-科技 | 1.19% | -0.35% | +1.83% | |
| 26 | GE | General Electric | 股票-工業 | 1.17% | +0.26% | -6.30% | |
| 27 | XOM | Exxon Mobil CORP | 股票-能源 | 1.11% | -1.53% | EXIT | |
| 28 | PM | Philip Morris International | 股票-非循環性消費 | 1.10% | -0.01% | -3.35% | |
| 29 | LH | Labcorp Holdings Inc | 股票-醫療保健 | 1.07% | -0.09% | -17.77% | |
| 30 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.03% | -0.12% | -5.86% | |
| 31 | CHD | Church & Dwight Co Inc | 股票-非循環性消費 | 1.02% | -0.10% | -7.51% | |
| 32 | AMD | Advanced Micro Devices | 股票-科技 | 0.94% | +0.80% | -9.42% | |
| 33 | IBM | Intl Business Machines CORP | 股票-科技 | 0.90% | +0.23% | +17.88% | |
| 34 | GEV | GE Vernova Inc | 股票-工業 | 0.89% | +0.25% | -2.64% | |
| 35 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.83% | +0.05% | +11.82% | |
| 36 | PEP | Pepsico Inc | 股票-非循環性消費 | 0.81% | -0.17% | -11.21% | |
| 37 | HON | Honeywell International Inc | 股票-工業 | 0.79% | -0.88% | EXIT | |
| 38 | GLD | Spdr Gold Shares | ETF-避險與商品 | 0.78% | -0.20% | +2.34% | |
| 39 | UNP | Union Pacific CORP | 股票-工業 | 0.76% | -0.07% | -1.75% | |
| 40 | REGN | Regeneron Pharmaceuticals | 股票-醫療保健 | 0.68% | -0.20% | -10.32% | |
| 41 | AMGN | Amgen Inc | 股票-醫療保健 | 0.63% | -0.06% | -9.07% | |
| 42 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 0.61% | -0.09% | -3.77% | |
| 43 | NOW | Servicenow Inc | 股票-科技 | 0.57% | +0.07% | +397.05% | |
| 44 | WRB | Wr Berkley CORP | 股票-金融 | 0.57% | -0.04% | -0.81% | |
| 45 | SJM | Jm Smucker Co/the | 股票-非循環性消費 | 0.56% | -0.09% | -17.29% | |
| 46 | PANW | Palo Alto Networks Inc | 股票-科技 | 0.55% | +0.34% | +4.20% | |
| 47 | ADBE | Adobe Inc | 股票-科技 | 0.51% | -0.11% | +6.37% | |
| 48 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 0.51% | +0.04% | -0.29% | |
| 49 | LMT | Lockheed Martin CORP | 股票-工業 | 0.50% | -0.14% | -2.95% | |
| 50 | DHR | Danaher CORP | 股票-醫療保健 | 0.50% | -0.07% | -10.83% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | GOOG | Alphabet Inc-cl C | +1.1% | -5.18% | 減碼 |
| 2 | LLY | Eli Lilly & Co | +0.5% | -3.89% | 減碼 |
| 3 | CCJ | Cameco CORP | +0.3% | +10.39% | 加碼 |
| 4 | ASML | ASML Holding N.V. | +0.3% | +10.82% | 加碼 |
| 5 | MRK | Merck & Co. Inc. | +0.3% | -2.44% | 減碼 |
| 6 | AMZN | Amazon.com Inc | +0.3% | -2.64% | 減碼 |
| 7 | TSM | Taiwan Semiconductor-sp Adr | +0.2% | -6.44% | 減碼 |
| 8 | IBM | Intl Business Machines CORP | +0.2% | +17.88% | 加碼 |
| 9 | AMD | Advanced Micro Devices | +0.2% | -9.42% | 減碼 |
| 10 | REGN | Regeneron Pharmaceuticals | +0.1% | -10.32% | 減碼 |
| 11 | AAPL | Apple Inc | +0.1% | -3.98% | 減碼 |
| 12 | RKT | Rocket Cos Inc-class A | +0.1% | +49.54% | 加碼 |
| 13 | GOOGL | Alphabet Inc-cl A | +0.1% | -0.29% | 減碼 |
| 14 | GLD | Spdr Gold Shares | +0.1% | +2.34% | 加碼 |
| 15 | ABBV | Abbvie Inc | +0.1% | +11.82% | 加碼 |
| 16 | RY | Royal Bank Of Canada | +0.1% | -9.98% | 減碼 |
| 17 | TMO | Thermo Fisher Scientific Inc | +0.1% | -3.77% | 減碼 |
| 18 | AVGO | Broadcom Inc | +0.1% | -5.51% | 減碼 |
| 19 | WMT | Walmart Inc | +0.1% | -6.10% | 減碼 |
| 20 | JNJ | Johnson & Johnson | +0.1% | -5.86% | 減碼 |
| 21 | NVS | Novartis Ag-sponsored Adr | +0.1% | -5.43% | 減碼 |
| 22 | XOM | Exxon Mobil CORP | +0.1% | -4.10% | 減碼 |
| 23 | ILMN | Illumina Inc | +0.1% | -15.69% | 減碼 |
| 24 | AMGN | Amgen Inc | +0.1% | -9.07% | 減碼 |
| 25 | GEV | GE Vernova Inc | +0.1% | -2.64% | 減碼 |
| 26 | BHP | Bhp Group Ltd-spon Adr | 0% | — | 不變 |
| 27 | CAT | Caterpillar Inc | 0% | -6.78% | 減碼 |
| 28 | GEHC | GE Healthcare Technology | 0% | +14.66% | 加碼 |
| 29 | DE | Deere & Co | 0% | +14.72% | 加碼 |
| 30 | VTI | Vanguard Total Stock Mkt ETF | 0% | +3.79% | 加碼 |
| 31 | ADBE | Adobe Inc | 0% | +6.37% | 加碼 |
| 32 | CSCO | Cisco Systems Inc | 0% | — | 不變 |
| 33 | AXP | American Express Co | 0% | -1.58% | 減碼 |
| 34 | BNY | Bank Of New York Mellon CORP | 0% | — | 不變 |
| 35 | FITB | Fifth Third Bancorp | 0% | -0.97% | 減碼 |
| 36 | RTX | Rtx CORP | 0% | +0.26% | 加碼 |
| 37 | MU | Micron Technology Inc | 0% | -31.57% | 減碼 |
| 38 | USB | US Bancorp | 0% | -0.70% | 減碼 |
| 39 | INTU | Intuit Inc | 0% | +1.83% | 加碼 |
| 40 | DHR | Danaher CORP | 0% | -10.83% | 減碼 |
| 41 | GDX | Vaneck Gold Miners ETF | 0% | +0.37% | 加碼 |
| 42 | CB | Chubb Limited | 0% | -0.59% | 減碼 |
| 43 | BAC | Bank Of America CORP | 0% | — | 不變 |
| 44 | NTR | Nutrien LTD | 0% | -2.21% | 減碼 |
| 45 | VRTX | Vertex Pharmaceuticals Inc | 0% | -6.71% | 減碼 |
| 46 | V | Visa Inc-class A Shares | 0% | -0.52% | 減碼 |
| 47 | GS | Goldman Sachs Group Inc | 0% | — | 不變 |
| 48 | IWR | Ishares Russell Mid-cap ETF | 0% | +4.10% | 加碼 |
| 49 | VUG | Vanguard Growth ETF | 0% | +0.09% | 加碼 |
| 50 | IVV | Ishares Core S&p 500 ETF | 0% | — | 不變 |
根據 SEC 官方 Form 13F 申報備案，Fairfield, Bush & Co. 在 Q4 2025 季度的美股持倉總市值約為 US$2.0億，共申報了 115 個公開持股部位。
在 Q4 2025 季度，Fairfield, Bush & Co. 按市值排列的前三大核心持股分別為：MSFT (6.5%)、GOOG (5.3%)、AMZN (5.1%)。其中最大持股部位 MSFT 佔據整體投資組合約 6.5% 的權重。
在 Q4 2025 季度中，Fairfield, Bush & Co. 共進行了 113 項持倉異動，包含新建倉 4 個部位、加碼 25 個部位、減碼 75 個部位以及清倉 9 個部位。 其中最大新建倉標的為 META。 本季清倉部位包含 PG。
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。