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: 0001325447
申報總市值
US$607.5億
US$607.5億
423 檔
16.9%
Q4 2025 季度申報顯示，First Eagle Investment Management, LLC 揭露的美股組合總市值為 US$607.5億，涵蓋 423 個不同之權益投資部位。
First Eagle Investment Management, LLC 在 Q4 2025 進行了結構性的板塊輪動與部位換股。在開立 21 個全新部位及加碼 83 檔持股的同時，亦同步清倉 24 檔並減碼 71 檔標的。
檢視投資組合結構，前 5 大主力部位（包含 GOOG, BDX, META）占據了總市值的 16.9%，展現出該機構在 Q4 2025 的重點資金聚焦與風險分佈特徵。
僅顯示前 200 大持股（共 423 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 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 4.07% | +0.66% | -2.10% | |
| 2 | BDX | Becton Dickinson And Co | 股票-醫療保健 | 3.98% | +0.26% | +16.53% | |
| 3 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 3.66% | -0.12% | -5.46% | |
| 4 | WPM | Wheaton Precious Metals CORP | 股票-原物料 | 3.18% | -0.51% | -10.31% | |
| 5 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 3.18% | +0.70% | -11.37% | |
| 6 | HCA | Hca Healthcare Inc | 股票-醫療保健 | 3.00% | -0.49% | -6.97% | |
| 7 | ORCL | Oracle CORP | 股票-科技 | 2.84% | -0.05% | -6.21% | |
| 8 | IMO | Imperial Oil LTD | 股票-能源 | 2.83% | -0.59% | -7.64% | |
| 9 | CHRW | C.h. Robinson Worldwide Inc | 股票-工業 | 2.57% | -0.48% | -14.11% | |
| 10 | ELV | Elevance Health Inc | 股票-醫療保健 | 2.48% | +0.62% | +0.61% | |
| 11 | B | Barrick Mining CORP | 股票-原物料 | 2.46% | -0.22% | -16.93% | |
| 12 | WTW | Willis Towers Watson Public Limited Company | 股票-金融 | 2.46% | -0.21% | -0.34% | |
| 13 | NEM | Newmont CORP | 股票-原物料 | 2.41% | -0.43% | -12.25% | |
| 14 | FMX | Fomento Economico Mex-sp Adr | 股票-其他 | 2.22% | +0.31% | -0.01% | |
| 15 | CRM | Salesforce Inc | 股票-科技 | 2.01% | -0.06% | +17.03% | |
| 16 | BNY | Bank Of New York Mellon CORP | 股票-金融 | 1.99% | +0.23% | -5.43% | |
| 17 | CMCSA | Comcast Corp-class A | 股票-通訊服務 | 1.90% | -0.30% | +0.68% | |
| 18 | SLB | Slb LTD | 股票-能源 | 1.87% | -0.26% | +0.63% | |
| 19 | FNV | Franco-nevada CORP | 股票-原物料 | 1.87% | -0.40% | +26.53% | |
| 20 | GLD | Spdr Gold Shares | ETF-避險與商品 | 1.73% | -0.28% | -2.23% | |
| 21 | EXPD | Expeditors Intl Wash Inc | 股票-工業 | 1.66% | -0.90% | +0.51% | |
| 22 | UHS | Universal Health Services-b | 股票-醫療保健 | 1.66% | -0.23% | -6.66% | |
| 23 | MDT | Medtronic plc | 股票-醫療保健 | 1.65% | +0.30% | +0.41% | |
| 24 | XOM | Exxon Mobil CORP | 股票-能源 | 1.64% | -0.43% | -0.52% | |
| 25 | WDAY | Workday Inc-class A | 股票-科技 | 1.64% | +0.10% | +87.77% | |
| 26 | PM | Philip Morris International | 股票-非循環性消費 | 1.64% | +0.11% | -5.12% | |
| 27 | WY | Weyerhaeuser Co | 股票-房地產 | 1.57% | +0.10% | +166.15% | |
| 28 | AEM | Agnico Eagle Mines LTD | 股票-原物料 | 1.55% | -0.46% | -1.26% | |
| 29 | OKE | Oneok Inc | 股票-能源 | 1.47% | -0.10% | +46.29% | |
| 30 | ABEV | Ambev Sa-adr | 股票-非循環性消費 | 1.46% | +0.09% | -0.75% | |
| 31 | NTR | Nutrien LTD | 股票-原物料 | 1.45% | -0.25% | +0.53% | |
| 32 | BIO | Bio-rad Laboratories-a | 股票-醫療保健 | 1.37% | +0.03% | +1.99% | |
| 33 | PPG | Ppg Industries Inc | 股票-原物料 | 1.13% | +0.13% | +0.43% | |
| 34 | TXN | Texas Instruments Inc | 股票-科技 | 1.11% | -1.18% | +0.51% | |
| 35 | CL | Colgate-palmolive Co | 股票-非循環性消費 | 1.10% | +0.07% | +0.38% | |
| 36 | CHTR | Charter Communications Inc-a | 股票-通訊服務 | 1.09% | -0.47% | +119.58% | |
| 37 | AXP | American Express Co | 股票-金融 | 1.07% | +0.09% | -4.82% | |
| 38 | IFF | Intl Flavors & Fragrances | 股票-原物料 | 1.05% | +0.08% | +27.50% | |
| 39 | NOV | Nov Inc | 股票-能源 | 1.03% | -0.22% | -0.03% | |
| 40 | DG | Dollar General CORP | 股票-非循環性消費 | 1.03% | -0.05% | -26.08% | |
| 41 | EQR | Equity Residential | 股票-房地產 | 1.03% | +0.12% | +0.48% | |
| 42 | ADI | Analog Devices Inc | 股票-科技 | 0.97% | — | EXIT | |
| 43 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 0.95% | -0.27% | -47.14% | |
| 44 | OMC | Omnicom Group | 股票-通訊服務 | 0.90% | -0.05% | +0.53% | |
| 45 | USB | US Bancorp | 股票-金融 | 0.83% | +0.11% | +0.51% | |
| 46 | BRK-A | Berkshire Hathaway Inc-cl A | 股票-其他 | 0.73% | +0.01% | -2.81% | |
| 47 | DIS | Walt Disney Co/the | 股票-通訊服務 | 0.69% | -0.01% | +0.49% | |
| 48 | CMI | Cummins Inc | 股票-工業 | 0.68% | -0.07% | -46.97% | |
| 49 | NE | Noble Corporation plc | 股票-能源 | 0.61% | -0.27% | +0.24% | |
| 50 | FNF | Fidelity National Financial | 股票-金融 | 0.59% | — | +0.91% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | WY | Weyerhaeuser Co | +0.9% | +166.15% | 加碼 |
| 2 | GOOG | Alphabet Inc-cl C | +0.7% | -2.10% | 減碼 |
| 3 | WDAY | Workday Inc-class A | +0.6% | +87.77% | 加碼 |
| 4 | BDX | Becton Dickinson And Co | +0.6% | +16.53% | 加碼 |
| 5 | OKE | Oneok Inc | +0.4% | +46.29% | 加碼 |
| 6 | CRM | Salesforce Inc | +0.4% | +17.03% | 加碼 |
| 7 | CHTR | Charter Communications Inc-a | +0.4% | +119.58% | 加碼 |
| 8 | IFF | Intl Flavors & Fragrances | +0.3% | +27.50% | 加碼 |
| 9 | EXPD | Expeditors Intl Wash Inc | +0.3% | +0.51% | 加碼 |
| 10 | FNV | Franco-nevada CORP | +0.2% | +26.53% | 加碼 |
| 11 | EXR | Extra Space Storage Inc | +0.2% | +61.80% | 加碼 |
| 12 | B | Barrick Mining CORP | +0.2% | -16.93% | 減碼 |
| 13 | SLB | Slb LTD | +0.2% | +0.63% | 加碼 |
| 14 | ELV | Elevance Health Inc | +0.1% | +0.61% | 加碼 |
| 15 | NOV | Nov Inc | +0.1% | -0.03% | 減碼 |
| 16 | GLD | Spdr Gold Shares | +0.1% | -2.23% | 減碼 |
| 17 | ABEV | Ambev Sa-adr | +0.1% | -0.75% | 減碼 |
| 18 | BIO | Bio-rad Laboratories-a | +0.1% | +1.99% | 加碼 |
| 19 | ADI | Analog Devices Inc | +0.1% | -0.24% | 減碼 |
| 20 | USB | US Bancorp | +0.1% | +0.51% | 加碼 |
| 21 | ROST | Ross Stores Inc | +0.1% | +2.39% | 加碼 |
| 22 | XOM | Exxon Mobil CORP | 0% | -0.52% | 減碼 |
| 23 | CSL | Carlisle Cos Inc | 0% | +20.38% | 加碼 |
| 24 | BIL | Ss Spdr Bb 1-3m T-bill ETF | 0% | +77.75% | 加碼 |
| 25 | BRK-B | Berkshire Hathaway Inc-cl B | 0% | +238.84% | 加碼 |
| 26 | NTR | Nutrien LTD | 0% | +0.53% | 加碼 |
| 27 | AXP | American Express Co | 0% | -4.82% | 減碼 |
| 28 | CHRW | C.h. Robinson Worldwide Inc | 0% | -14.11% | 減碼 |
| 29 | AGI | Alamos Gold Inc-class A | 0% | -1.20% | 減碼 |
| 30 | SHEL | Shell Plc-adr | 0% | +30.71% | 加碼 |
| 31 | BTI | British American Tob-sp Adr | 0% | +9.61% | 加碼 |
| 32 | NEM | Newmont CORP | 0% | -12.25% | 減碼 |
| 33 | CCU | Cia Cervecerias Uni-spon Adr | 0% | +0.11% | 加碼 |
| 34 | LYG | Lloyds Banking Group Plc-adr | 0% | +10.16% | 加碼 |
| 35 | SLP | Simulations Plus Inc | 0% | +1898.06% | 加碼 |
| 36 | TFX | Teleflex Inc | 0% | +163.44% | 加碼 |
| 37 | HLN | Haleon Plc-adr | 0% | +9.11% | 加碼 |
| 38 | HNGE | Hinge Health Inc-a | 0% | +167.17% | 加碼 |
| 39 | BAC 7.25 PERP L債券 | Bank Of America CORP | 0% | +20.78% | 加碼 |
| 40 | AXGN | Axogen Inc | 0% | -5.62% | 減碼 |
| 41 | FERG | Ferguson Enterprises Inc | 0% | +5.04% | 加碼 |
| 42 | FVR | Frontview Reit Inc | 0% | +1230.42% | 加碼 |
| 43 | ROG | Rogers CORP | 0% | +69.54% | 加碼 |
| 44 | KALU | Kaiser Aluminum CORP | 0% | -4.13% | 減碼 |
| 45 | MRVI | Maravai Lifesciences Hldgs-a | 0% | +299.03% | 加碼 |
| 46 | BKD | Brookdale Senior Living Inc | 0% | +0.10% | 加碼 |
| 47 | SMBK | Smartfinancial Inc | 0% | +375.52% | 加碼 |
| 48 | 8TG | Thermon Group Holdings Inc | 0% | +2.18% | 加碼 |
| 49 | FORM | Formfactor Inc | 0% | -10.61% | 減碼 |
| 50 | AMBQ | Ambiq Micro Inc | 0% | +222.11% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，First Eagle Investment Management, LLC 在 Q4 2025 季度的美股持倉總市值約為 US$607.5億，共申報了 423 個公開持股部位。
在 Q4 2025 季度，First Eagle Investment Management, LLC 按市值排列的前三大核心持股分別為：GOOG (4.1%)、BDX (4.0%)、META (3.7%)。其中最大持股部位 GOOG 佔據整體投資組合約 4.1% 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
MICC
市值: US$2.6億
本季最大獲利了結 / 清倉標的
UL
前期市值: US$4158.4萬
在 Q4 2025 季度中，First Eagle Investment Management, LLC 共進行了 199 項持倉異動，包含新建倉 21 個部位、加碼 83 個部位、減碼 71 個部位以及清倉 24 個部位。 其中最大新建倉標的為 MICC。 本季清倉部位包含 UL。
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。