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: 0001645890
申報總市值
US$12.7億
US$12.7億
296 檔
19.9%
在 Q4 2025 申報期間，Fiduciary Group, LLC（CIK: 0001645890）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$12.7億，共持有 296 個公開申報部位。
從 Q4 2025 申報觀察，Fiduciary Group, LLC 採取防禦導向的調倉策略，本季減碼 30 檔個股並出清 1 檔部位，顯示機構在該時期進行風險控制與流動性回收。
在資產配置集中度方面，Fiduciary Group, LLC 的前 5 大核心持股（包含 VOO, AAPL, GOOG 等）合計佔整體申報市值的 19.9%，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
AKRE
市值: US$1587.8萬
本季最大獲利了結 / 清倉標的
KVUE
前期市值: US$98.1萬
僅顯示前 200 大持股（共 296 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 | VOO | Vanguard S&p 500 ETF | ETF-大型股與成長 | 5.06% | +0.40% | +14.74% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 5.05% | +0.33% | -1.18% | |
| 3 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 4.29% | +0.44% | -2.31% | |
| 4 | MSFT | Microsoft CORP | 股票-科技 | 3.65% | -0.27% | -1.37% | |
| 5 | AGG | Ishares Core U.s. Aggregate | ETF-其他 | 3.23% | -0.11% | +27.61% | |
| 6 | SHY | Ishares 1-3 Year Treasury Bo | ETF-政府公債 | 2.41% | -0.31% | -1.12% | |
| 7 | JPM | Jpmorgan Chase & Co | 股票-金融 | 2.39% | +0.02% | -2.90% | |
| 8 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 2.26% | -0.11% | -1.24% | |
| 9 | VEA | Vanguard Ftse Developed ETF | ETF-其他 | 2.17% | +0.07% | +2.46% | |
| 10 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.06% | +0.09% | +1.43% | |
| 11 | IGSB | Ishares 1-5y Inv Grade CORP | ETF-其他 | 2.01% | -0.16% | +9.21% | |
| 12 | MCO | Moody's CORP | 股票-金融 | 1.94% | -0.10% | -1.53% | |
| 13 | WMT | Walmart Inc | 股票-非循環性消費 | 1.72% | -0.33% | -3.11% | |
| 14 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.52% | +0.18% | -3.12% | |
| 15 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.47% | -0.09% | -0.47% | |
| 16 | PAAA | Pgim Aaa Clo ETF | ETF-其他 | 1.39% | -0.09% | +15.49% | |
| 17 | NVDA | Nvidia CORP | 股票-科技 | 1.33% | +0.07% | +0.08% | |
| 18 | AKRE | Akre Focus ETF | ETF-其他 | 1.33% | -0.22% | — | |
| 19 | V | Visa Inc-class A Shares | 股票-金融 | 1.29% | +0.04% | -1.16% | |
| 20 | PANW | Palo Alto Networks Inc | 股票-科技 | 1.28% | +1.07% | -0.69% | |
| 21 | RTX | Rtx CORP | 股票-工業 | 1.26% | -0.15% | -2.40% | |
| 22 | SPTS | Ss Spdr P St Term Tsy ETF | ETF-其他 | 1.23% | -0.09% | +13.54% | |
| 23 | ISRG | Intuitive Surgical Inc | 股票-醫療保健 | 1.07% | -0.18% | -1.29% | |
| 24 | UNP | Union Pacific CORP | 股票-工業 | 1.01% | +0.02% | -3.73% | |
| 25 | HD | Home Depot Inc | 股票-循環性消費 | 1.01% | -0.02% | -1.69% | |
| 26 | VXF | Vanguard Extended Market ETF | ETF-其他 | 0.97% | +0.08% | -3.23% | |
| 27 | DIS | Walt Disney Co/the | 股票-通訊服務 | 0.95% | -0.12% | -0.98% | |
| 28 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.88% | -0.07% | +1.23% | |
| 29 | IJR | Ishares Core S&p Small-cap E | ETF-中小型股 | 0.87% | +0.05% | -5.88% | |
| 30 | AMGN | Amgen Inc | 股票-醫療保健 | 0.87% | -0.06% | -0.73% | |
| 31 | XLE | Ss Energy Select Sector | ETF-其他 | 0.84% | -0.23% | +96.87% | |
| 32 | MA | Mastercard Inc - A | 股票-金融 | 0.84% | -0.05% | -1.86% | |
| 33 | PEP | Pepsico Inc | 股票-非循環性消費 | 0.81% | -0.18% | -4.38% | |
| 34 | XLK | Ss Technology Select Sector | ETF-科技型 | 0.79% | +0.26% | +116.46% | |
| 35 | DGRW | Wisdomtree U.s. Quality Divi | ETF-其他 | 0.73% | — | +5.86% | |
| 36 | VWO | Vanguard Ftse Emerging Marke | ETF-新興市場 | 0.73% | +0.01% | +4.56% | |
| 37 | ORCL | Oracle CORP | 股票-科技 | 0.72% | -0.05% | -0.56% | |
| 38 | SO | Southern Co/the | 股票-公用事業 | 0.71% | -0.10% | +0.80% | |
| 39 | AXP | American Express Co | 股票-金融 | 0.67% | +0.01% | -0.26% | |
| 40 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.65% | -0.02% | -1.03% | |
| 41 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.64% | +0.11% | -3.06% | |
| 42 | AON | Aon plc | 股票-金融 | 0.63% | -0.04% | -0.96% | |
| 43 | BX | Blackstone Inc | 股票-金融 | 0.60% | -0.03% | +3.06% | |
| 44 | IJH | Ishares Core S&p Midcap ETF | ETF-其他 | 0.59% | — | -6.12% | |
| 45 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.57% | -0.04% | +11.04% | |
| 46 | IWY | Ishares Russell Top 200 Grow | ETF-其他 | 0.57% | +0.06% | +5.82% | |
| 47 | VYM | Vanguard High Dvd Yield ETF | ETF-其他 | 0.57% | — | +11.72% | |
| 48 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 0.55% | +0.02% | +17.43% | |
| 49 | XOM | Exxon Mobil CORP | 股票-能源 | 0.53% | -0.19% | -0.99% | |
| 50 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.53% | -0.09% | -1.96% |
| # | 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 | +0.7% | -2.31% | 減碼 |
| 2 | AGG | Ishares Core U.s. Aggregate | +0.6% | +27.61% | 加碼 |
| 3 | VOO | Vanguard S&p 500 ETF | +0.6% | +14.74% | 加碼 |
| 4 | GOOGL | Alphabet Inc-cl A | +0.3% | -3.12% | 減碼 |
| 5 | ISRG | Intuitive Surgical Inc | +0.2% | -1.29% | 減碼 |
| 6 | LLY | Eli Lilly & Co | +0.2% | -3.06% | 減碼 |
| 7 | PAAA | Pgim Aaa Clo ETF | +0.1% | +15.49% | 加碼 |
| 8 | WM | Waste Management Inc | +0.1% | +586.35% | 加碼 |
| 9 | SPTS | Ss Spdr P St Term Tsy ETF | +0.1% | +13.54% | 加碼 |
| 10 | IGSB | Ishares 1-5y Inv Grade CORP | +0.1% | +9.21% | 加碼 |
| 11 | JNJ | Johnson & Johnson | +0.1% | -0.47% | 減碼 |
| 12 | AMGN | Amgen Inc | +0.1% | -0.73% | 減碼 |
| 13 | MAR | Marriott International -cl A | +0.1% | +7.12% | 加碼 |
| 14 | IVV | Ishares Core S&p 500 ETF | +0.1% | +17.43% | 加碼 |
| 15 | XLP | Ss Consumer Staples Sel Sect | +0.1% | +55.07% | 加碼 |
| 16 | VEA | Vanguard Ftse Developed ETF | +0.1% | +2.46% | 加碼 |
| 17 | AZNN | Astrazeneca Plc-spons Adr | +0.1% | +0.76% | 加碼 |
| 18 | VYM | Vanguard High Dvd Yield ETF | +0.1% | +11.72% | 加碼 |
| 19 | AAPL | Apple Inc | 0% | -1.18% | 減碼 |
| 20 | AMZN | Amazon.com Inc | 0% | +1.43% | 加碼 |
| 21 | XLK | Ss Technology Select Sector | 0% | +116.46% | 加碼 |
| 22 | AXP | American Express Co | 0% | -0.26% | 減碼 |
| 23 | XLV | Ss Health Care Select Sector | 0% | +2.61% | 加碼 |
| 24 | RTX | Rtx CORP | 0% | -2.40% | 減碼 |
| 25 | MCO | Moody's CORP | 0% | -1.53% | 減碼 |
| 26 | WMT | Walmart Inc | — | -3.11% | 減碼 |
| 27 | UNH | Unitedhealth Group Inc | -0.1% | -56.24% | 減碼 |
| 28 | VZ | Verizon Communications Inc | -0.1% | -5.00% | 減碼 |
| 29 | HON | Honeywell International Inc | -0.1% | -3.50% | 減碼 |
| 30 | ADBE | Adobe Inc | -0.1% | -36.67% | 減碼 |
| 31 | ADP | Automatic Data Processing | -0.1% | -11.54% | 減碼 |
| 32 | SO | Southern Co/the | -0.1% | +0.80% | 加碼 |
| 33 | EA | Electronic Arts Inc | -0.1% | -13.76% | 減碼 |
| 34 | NKE | Nike Inc -cl B | -0.1% | -27.52% | 減碼 |
| 35 | AMT | American Tower CORP | -0.1% | -6.48% | 減碼 |
| 36 | UNP | Union Pacific CORP | -0.1% | -3.73% | 減碼 |
| 37 | ROP | Roper Technologies Inc | -0.1% | -46.54% | 減碼 |
| 38 | SBUX | Starbucks CORP | -0.1% | -20.69% | 減碼 |
| 39 | META | Meta Platforms Inc-class A | -0.1% | +1.23% | 加碼 |
| 40 | APD | Air Products & Chemicals Inc | -0.1% | -41.27% | 減碼 |
| 41 | CLX | Clorox Company | -0.2% | -53.96% | 減碼 |
| 42 | TXN | Texas Instruments Inc | -0.2% | -34.75% | 減碼 |
| 43 | CMCSA | Comcast Corp-class A | -0.2% | -55.50% | 減碼 |
| 44 | PANW | Palo Alto Networks Inc | -0.2% | -0.69% | 減碼 |
| 45 | HD | Home Depot Inc | -0.3% | -1.69% | 減碼 |
| 46 | ORCL | Oracle CORP | -0.4% | -0.56% | 減碼 |
| 47 | MSFT | Microsoft CORP | -0.5% | -1.37% | 減碼 |
| 48 | AKRE | Akre Focus ETF | — | NEW | 新建倉 |
| 49 | CDNS | Cadence Design Sys Inc | — | NEW | 新建倉 |
| 50 | KVUE | Kenvue Inc | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Fiduciary Group, LLC 在 Q4 2025 季度的美股持倉總市值約為 US$12.7億，共申報了 296 個公開持股部位。
在 Q4 2025 季度，Fiduciary Group, LLC 按市值排列的前三大核心持股分別為：VOO (5.1%)、AAPL (5.0%)、GOOG (4.3%)。其中最大持股部位 VOO 佔據整體投資組合約 5.1% 的權重。
在 Q4 2025 季度中，Fiduciary Group, LLC 共進行了 50 項持倉異動，包含新建倉 2 個部位、加碼 17 個部位、減碼 30 個部位以及清倉 1 個部位。 其中最大新建倉標的為 AKRE。 本季清倉部位包含 KVUE。
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。