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: 0001378559
申報總市值
US$3.0億
US$3.0億
113 檔
31.2%
截至 Q3 2025 季度末，First Dallas Securities Inc. 的美股持倉估值約為 US$3.0億，全數申報部位共有 113 檔。
First Dallas Securities Inc. 在 Q3 2025 進行了結構性的板塊輪動與部位換股。在開立 9 個全新部位及加碼 18 檔持股的同時，亦同步清倉 6 檔並減碼 17 檔標的。
整體而言，First Dallas Securities Inc. 的前 5 大持股（包含 NVDA, TPL, AAPL）貢獻了組合市值的 31.2%，形成該機構在 Q3 2025 季度的基本面基石。
本季最大新建倉標的
MRP
市值: US$310.2萬
本季最大獲利了結 / 清倉標的
WYNN
前期市值: US$417.7萬
| # | 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 | NVDA | Nvidia CORP | 股票-科技 | 14.54% | +0.46% | -0.43% | |
| 2 | TPL | Texas Pacific Land CORP | 股票-能源 | 7.63% | -2.20% | -6.10% | |
| 3 | AAPL | Apple Inc | 股票-科技 | 6.55% | +0.13% | -1.50% | |
| 4 | AMZN | Amazon.com Inc | 股票-循環性消費 | 3.33% | +0.34% | +1.64% | |
| 5 | MSFT | Microsoft CORP | 股票-科技 | 3.28% | -0.34% | +1.14% | |
| 6 | UBER | Uber Technologies Inc | 股票-工業 | 2.85% | -0.29% | -1.27% | |
| 7 | BA | Boeing Co/the | 股票-工業 | 2.55% | -0.05% | +13.73% | |
| 8 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.50% | -0.25% | -4.53% | |
| 9 | XOM | Exxon Mobil CORP | 股票-能源 | 2.01% | -0.82% | -2.48% | |
| 10 | OKE | Oneok Inc | 股票-能源 | 2.00% | -0.49% | +2.61% | |
| 11 | FCX | Freeport-mcmoran Inc | 股票-原物料 | 1.86% | -0.17% | +14.53% | |
| 12 | CAT | Caterpillar Inc | 股票-工業 | 1.77% | +0.58% | -0.49% | |
| 13 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.70% | -0.10% | +33.76% | |
| 14 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.63% | -0.01% | -1.85% | |
| 15 | HD | Home Depot Inc | 股票-循環性消費 | 1.53% | -0.02% | +7.43% | |
| 16 | EXP | Eagle Materials Inc | 股票-原物料 | 1.44% | +0.05% | +4.44% | |
| 17 | ABBV | Abbvie Inc | 股票-醫療保健 | 1.42% | -0.05% | -1.92% | |
| 18 | DKNG | Draftkings Inc-cl A | 股票-循環性消費 | 1.41% | -0.30% | +1.00% | |
| 19 | CLF | Cleveland-cliffs Inc | 股票-原物料 | 1.35% | -0.16% | -5.20% | |
| 20 | ETD | Ethan Allen Interiors Inc | 股票-其他 | 1.30% | +0.04% | +8.60% | |
| 21 | VST | Vistra CORP | 股票-公用事業 | 1.28% | — | -8.90% | |
| 22 | SN | SharkNinja, Inc. | 股票-循環性消費 | 1.22% | +0.33% | -7.23% | |
| 23 | MRP | Millrose Properties | 股票-房地產 | 1.16% | -0.03% | +61.98% | |
| 24 | WMT | Walmart Inc | 股票-非循環性消費 | 1.14% | -0.26% | +1.73% | |
| 25 | KEX | Kirby CORP | 股票-工業 | 1.14% | -0.13% | +25.36% | |
| 26 | WULF | Terawulf Inc | 股票-金融 | 1.13% | +0.32% | +99.25% | |
| 27 | EXE | Expand Energy CORP | 股票-能源 | 1.13% | -0.25% | +10.43% | |
| 28 | C | Citigroup Inc | 股票-金融 | 1.04% | +0.07% | -3.78% | |
| 29 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.99% | -0.01% | — | |
| 30 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 0.93% | +0.21% | -23.94% | |
| 31 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.92% | -0.19% | -1.78% | |
| 32 | RHP | Ryman Hospitality Properties | 股票-房地產 | 0.87% | +0.34% | +103.91% | |
| 33 | T | At&t Inc | 股票-通訊服務 | 0.84% | -0.30% | -6.63% | |
| 34 | MU | Micron Technology Inc | 股票-科技 | 0.79% | +1.18% | -7.66% | |
| 35 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.76% | -0.16% | +4.00% | |
| 36 | XEL | Xcel Energy Inc | 股票-公用事業 | 0.74% | -0.06% | -2.37% | |
| 37 | BAC | Bank Of America CORP | 股票-金融 | 0.70% | -0.05% | -11.44% | |
| 38 | CSWC | Capital Southwest CORP | 股票-其他 | 0.69% | -0.02% | +8.99% | |
| 39 | MTZ | Mastec Inc | 股票-工業 | 0.65% | -0.16% | -2.40% | |
| 40 | WFC | Wells Fargo & Co | 股票-金融 | 0.62% | -0.10% | +6.18% | |
| 41 | HPE | Hewlett Packard Enterprise | 股票-科技 | 0.60% | -0.06% | +33.49% | |
| 42 | AXP | American Express Co | 股票-金融 | 0.59% | — | -2.03% | |
| 43 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.56% | -0.14% | -9.87% | |
| 44 | IBM | Intl Business Machines CORP | 股票-科技 | 0.54% | -0.48% | EXIT | |
| 45 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.51% | +0.10% | +251.41% | |
| 46 | CMC | Commercial Metals Co | 股票-工業 | 0.51% | -0.05% | -12.01% | |
| 47 | GEO | Geo Group Inc/the | 股票-其他 | 0.48% | — | +276.07% | |
| 48 | AEP | American Electric Power | 股票-公用事業 | 0.47% | -0.05% | -0.67% | |
| 49 | UPS | United Parcel Service-cl B | 股票-工業 | 0.46% | -0.03% | +7.67% | |
| 50 | VZ | Verizon Communications Inc | 股票-通訊服務 | 0.45% | -0.12% | -1.24% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +5% | -0.43% | 減碼 |
| 2 | BA | Boeing Co/the | +1.4% | +13.73% | 加碼 |
| 3 | WULF | Terawulf Inc | +1.1% | +99.25% | 加碼 |
| 4 | MSFT | Microsoft CORP | +0.6% | +1.14% | 減碼 |
| 5 | C | Citigroup Inc | +0.6% | -3.78% | 加碼 |
| 6 | CLF | Cleveland-cliffs Inc | +0.5% | -5.20% | 加碼 |
| 7 | AMZN | Amazon.com Inc | +0.5% | +1.64% | 加碼 |
| 8 | CAT | Caterpillar Inc | +0.4% | -0.49% | 加碼 |
| 9 | SN | SharkNinja, Inc. | +0.4% | -7.23% | 加碼 |
| 10 | META | Meta Platforms Inc-class A | +0.4% | -4.53% | 加碼 |
| 11 | PLTR | Palantir Technologies Inc-a | +0.3% | -9.87% | 加碼 |
| 12 | HPE | Hewlett Packard Enterprise | +0.3% | +33.49% | 加碼 |
| 13 | TSLA | Tesla Inc | +0.3% | +8.04% | 加碼 |
| 14 | MU | Micron Technology Inc | +0.3% | -7.66% | 減碼 |
| 15 | UBER | Uber Technologies Inc | +0.2% | -1.27% | 減碼 |
| 16 | MTZ | Mastec Inc | +0.2% | -2.40% | 減碼 |
| 17 | VRT | Vertiv Holdings Co-a | +0.2% | +23.79% | 加碼 |
| 18 | SPOT | Spotify Technology S.A. | +0.2% | +74.87% | 加碼 |
| 19 | LLY | Eli Lilly & Co | +0.2% | +33.76% | 加碼 |
| 20 | JPM | Jpmorgan Chase & Co | +0.2% | -1.85% | 減碼 |
| 21 | DKNG | Draftkings Inc-cl A | +0.1% | +1.00% | 加碼 |
| 22 | VST | Vistra CORP | +0.1% | -8.90% | 減碼 |
| 23 | FCX | Freeport-mcmoran Inc | +0.1% | +14.53% | 加碼 |
| 24 | HD | Home Depot Inc | 0% | +7.43% | 加碼 |
| 25 | AAPL | Apple Inc | -0.1% | -1.50% | 減碼 |
| 26 | MCD | Mcdonald's CORP | -0.2% | -22.39% | 減碼 |
| 27 | WHR | Whirlpool CORP | -0.2% | -63.06% | 減碼 |
| 28 | HR | Healthcare Realty Trust Inc | -0.4% | -39.36% | 減碼 |
| 29 | AMGN | Amgen Inc | -0.4% | -18.83% | 減碼 |
| 30 | MRK | Merck & Co. Inc. | -0.5% | -11.89% | 減碼 |
| 31 | XOM | Exxon Mobil CORP | -0.5% | -2.48% | 減碼 |
| 32 | DVN | Devon Energy CORP | -0.8% | -69.71% | 減碼 |
| 33 | IBM | Intl Business Machines CORP | -0.8% | -60.17% | 減碼 |
| 34 | OKE | Oneok Inc | -1% | +2.61% | 加碼 |
| 35 | TPL | Texas Pacific Land CORP | -6.3% | -6.10% | 減碼 |
| 36 | WYNN | Wynn Resorts LTD | — | EXIT | 清倉 |
| 37 | ET | Energy Transfer LP | — | EXIT | 清倉 |
| 38 | MRP | Millrose Properties | — | NEW | 新建倉 |
| 39 | UNH | Unitedhealth Group Inc | — | NEW | 新建倉 |
| 40 | RHP | Ryman Hospitality Properties | — | NEW | 新建倉 |
| 41 | GOOGL | Alphabet Inc-cl A | — | EXIT | 清倉 |
| 42 | GEO | Geo Group Inc/the | — | NEW | 新建倉 |
| 43 | POWL | Powell Industries Inc | — | NEW | 新建倉 |
| 44 | ABNB | Airbnb Inc-class A | — | EXIT | 清倉 |
| 45 | GENI | Genius Sports Limited | — | NEW | 新建倉 |
| 46 | RH | Rh | — | NEW | 新建倉 |
| 47 | V | Visa Inc-class A Shares | — | NEW | 新建倉 |
| 48 | NCLH | Norwegian Cruise Line Holdings Ltd. | — | EXIT | 清倉 |
| 49 | PTLO | Portillo's Inc-cl A | — | EXIT | 清倉 |
| 50 | VRNS | Varonis Systems Inc | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，First Dallas Securities Inc. 在 Q3 2025 季度的美股持倉總市值約為 US$3.0億，共申報了 113 個公開持股部位。
在 Q3 2025 季度，First Dallas Securities Inc. 按市值排列的前三大核心持股分別為：NVDA (14.5%)、TPL (7.6%)、AAPL (6.5%)。其中最大持股部位 NVDA 佔據整體投資組合約 14.5% 的權重。
在 Q3 2025 季度中，First Dallas Securities Inc. 共進行了 50 項持倉異動，包含新建倉 9 個部位、加碼 18 個部位、減碼 17 個部位以及清倉 6 個部位。 其中最大新建倉標的為 MRP。 本季清倉部位包含 WYNN。
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。