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: 0000712534
申報總市值
US$28.4億
US$28.4億
371 檔
19.9%
截至 Q2 2025 季度末，First Merchants CORP 的美股持倉估值約為 US$28.4億，全數申報部位共有 371 檔。
First Merchants CORP 在 Q2 2025 的調整主要集中於風險出清，清倉與減碼部位合計達 32 檔，反映機構對當前市場環境或個別公司估值採取較為保留之看法。
檢視投資組合結構，前 5 大主力部位（包含 FMPW INST MONEY, VFIAX, FTRLX）占據了總市值的 19.9%，展現出該機構在 Q2 2025 的重點資金聚焦與風險分佈特徵。
僅顯示前 200 大持股（共 371 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 | ✓ | Fmpw Inst Money | 股票-其他 | 8.63% | -0.68% | -2.90% | |
| 2 | VFIAX | Vanguard 500 Index-adm | 股票-其他 | 4.65% | +0.18% | -0.19% | |
| 3 | FTRLX | Fed Herm Ttl Rtrn Bnd-r6 | 股票-其他 | 3.23% | -0.31% | -0.93% | |
| 4 | SRBRX | Federated Shrt-intrm Ttl-r6 | 股票-其他 | 3.04% | -0.19% | +1.81% | |
| 5 | VIMAX | Vanguard Mid Cap Index-adm | 股票-其他 | 2.31% | +0.03% | +0.47% | |
| 6 | BSV | Vanguard Short-term Bond ETF | ETF-其他 | 2.28% | -0.24% | +1.70% | |
| 7 | MSFT | Microsoft CORP | 股票-科技 | 2.03% | -0.07% | -2.58% | |
| 8 | AVGO | Broadcom Inc | 股票-科技 | 1.87% | +0.14% | -10.60% | |
| 9 | AAPL | Apple Inc | 股票-科技 | 1.70% | +0.06% | -5.25% | |
| 10 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.51% | +0.37% | +0.65% | |
| 11 | SFNNX | Schwab Fndmnl Intl Lrg Comp | 股票-其他 | 1.50% | +0.02% | +7.35% | |
| 12 | FCNTX | Fidelity Contrafund | 股票-其他 | 1.48% | +0.10% | -2.30% | |
| 13 | VEIRX | Vanguard Equity Income-adm | 股票-其他 | 1.42% | -0.03% | -1.02% | |
| 14 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.35% | +0.27% | -1.61% | |
| 15 | AGG | Ishares Core U.s. Aggregate | ETF-其他 | 1.27% | -0.14% | -5.33% | |
| 16 | NUSFX | Northern Ultra-shrt Fix Inc | 股票-其他 | 1.23% | -0.04% | -5.27% | |
| 17 | IYW | Ishares Ustechnology ETF | ETF-科技型 | 1.22% | +0.30% | -2.52% | |
| 18 | IVW | Ishares S&p 500 Growth ETF | ETF-大型股與成長 | 1.13% | +0.14% | -1.77% | |
| 19 | VBIRX | Vanguard S/t Bnd Indx-adm | 股票-其他 | 1.11% | -0.18% | -1.36% | |
| 20 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.09% | +0.05% | -0.14% | |
| 21 | NVDA | Nvidia CORP | 股票-科技 | 1.04% | +0.02% | +13.78% | |
| 22 | VGT | Vanguard Info Tech ETF | ETF-科技型 | 0.99% | +0.36% | -11.01% | |
| 23 | APH | Amphenol Corp-cl A | 股票-科技 | 0.99% | +0.25% | -0.92% | |
| 24 | VOO | Vanguard S&p 500 ETF | ETF-大型股與成長 | 0.97% | +0.13% | -4.15% | |
| 25 | IJR | Ishares Core S&p Small-cap E | ETF-中小型股 | 0.96% | +0.07% | -8.47% | |
| 26 | VSMAX | Vanguard Sml Cap Indx-adm | 股票-其他 | 0.96% | +0.03% | -7.54% | |
| 27 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.95% | +0.12% | -4.40% | |
| 28 | JMGRX | Janus Hndrsn Enterprise-i | 股票-其他 | 0.89% | +0.08% | +2.00% | |
| 29 | SYK | Stryker CORP | 股票-醫療保健 | 0.88% | — | -2.51% | |
| 30 | ✓ | Franklin Electric | 股票-其他 | 0.87% | +0.03% | +1.16% | |
| 31 | V | Visa Inc-class A Shares | 股票-金融 | 0.86% | +0.12% | -4.58% | |
| 32 | BIV | Vanguard Intermediate-term B | ETF-其他 | 0.84% | -0.09% | +4.68% | |
| 33 | IVE | Ishares S&p 500 Value ETF | ETF-大型股與成長 | 0.80% | +0.01% | -0.63% | |
| 34 | FRME | First Merchants CORP | 股票-其他 | 0.80% | +0.03% | -0.53% | |
| 35 | VWILX | Vanguard Intl Growth-adm | 股票-其他 | 0.78% | +0.07% | +8.11% | |
| 36 | WCMIX | Wcm Focused Intl Growth-inst | 股票-其他 | 0.69% | +0.03% | -6.11% | |
| 37 | MVCKX | Mfs Mid Cap Value Fund-r5 | 股票-其他 | 0.68% | +0.04% | +4.91% | |
| 38 | VIGAX | Vanguard Growth Index-adm | 股票-其他 | 0.67% | +0.02% | -2.70% | |
| 39 | WMT | Walmart Inc | 股票-非循環性消費 | 0.67% | -0.23% | -0.13% | |
| 40 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.65% | -0.16% | -3.24% | |
| 41 | VBTLX | Vanguard Ttl Bd Mkt Idx-adm | 股票-其他 | 0.62% | -0.09% | -0.49% | |
| 42 | LRCX | Lam Research CORP | 股票-科技 | 0.59% | +0.72% | -13.57% | |
| 43 | DODIX | Dodge & Cox Income-i | 股票-其他 | 0.59% | -0.12% | -5.75% | |
| 44 | MFAIX | Msif International Adv-i | 股票-其他 | 0.59% | +0.06% | +3.13% | |
| 45 | VFSUX | Vanguard S/t Invest Grd-adm | 股票-其他 | 0.58% | -0.09% | -5.18% | |
| 46 | VWIUX | Vanguard I/t Tax Exmpt-adm | 股票-其他 | 0.58% | +0.08% | -8.75% | |
| 47 | LOW | Lowe's Cos Inc | 股票-循環性消費 | 0.56% | -0.08% | -2.82% | |
| 48 | ADP | Automatic Data Processing | 股票-科技 | 0.56% | -0.02% | -3.77% | |
| 49 | IJJ | Ishares S&p Mid-cap 400 Valu | ETF-其他 | 0.55% | +0.01% | -2.83% | |
| 50 | GSY | Invesco Ultra Short Duration | ETF-其他 | 0.54% | -0.05% | -2.19% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | AVGO | Broadcom Inc | +0.6% | -10.60% | 減碼 |
| 2 | MSFT | Microsoft CORP | +0.4% | -2.58% | 減碼 |
| 3 | NVDA | Nvidia CORP | +0.4% | +13.78% | 加碼 |
| 4 | VFIAX | Vanguard 500 Index-adm | +0.3% | -0.19% | 減碼 |
| 5 | APH | Amphenol Corp-cl A | +0.3% | -0.92% | 減碼 |
| 6 | SFNNX | Schwab Fndmnl Intl Lrg Comp | +0.2% | +7.35% | 加碼 |
| 7 | ECL | Ecolab Inc | +0.2% | +409.71% | 加碼 |
| 8 | IYW | Ishares Ustechnology ETF | +0.2% | -2.52% | 減碼 |
| 9 | FCNTX | Fidelity Contrafund | +0.1% | -2.30% | 減碼 |
| 10 | IVW | Ishares S&p 500 Growth ETF | +0.1% | -1.77% | 減碼 |
| 11 | VWILX | Vanguard Intl Growth-adm | +0.1% | +8.11% | 加碼 |
| 12 | META | Meta Platforms Inc-class A | +0.1% | +7.76% | 加碼 |
| 13 | VIMAX | Vanguard Mid Cap Index-adm | +0.1% | +0.47% | 加碼 |
| 14 | AMZN | Amazon.com Inc | +0.1% | -0.14% | 減碼 |
| 15 | GOOGL | Alphabet Inc-cl A | +0.1% | -1.61% | 減碼 |
| 16 | NOW | Servicenow Inc | +0.1% | +1.42% | 加碼 |
| 17 | AVUV | Avantis US Small Cap Value | +0.1% | +22.29% | 加碼 |
| 18 | PZIEX | Pzena Emerg Mkts Val-inst | +0.1% | +16.04% | 加碼 |
| 19 | JPM | Jpmorgan Chase & Co | +0.1% | -4.40% | 減碼 |
| 20 | MFAIX | Msif International Adv-i | +0.1% | +3.13% | 加碼 |
| 21 | WCMEX | Wcm Focus Emrg Mrkt-inst | +0.1% | +7.17% | 加碼 |
| 22 | VIGAX | Vanguard Growth Index-adm | +0.1% | -2.70% | 減碼 |
| 23 | XOM | Exxon Mobil CORP | +0.1% | +63.51% | 加碼 |
| 24 | CEG | Constellation Energy | +0.1% | +1.01% | 加碼 |
| 25 | BAESY | Bae Systems PLC -spon Adr | +0.1% | +9.01% | 加碼 |
| 26 | LRCX | Lam Research CORP | +0.1% | -13.57% | 減碼 |
| 27 | JMGRX | Janus Hndrsn Enterprise-i | +0.1% | +2.00% | 加碼 |
| 28 | WCMIX | Wcm Focused Intl Growth-inst | +0.1% | -6.11% | 減碼 |
| 29 | IEFA | Ishares Core Msci Eafe ETF | +0.1% | +4.76% | 加碼 |
| 30 | VGT | Vanguard Info Tech ETF | +0.1% | -11.01% | 減碼 |
| 31 | WMT | Walmart Inc | +0.1% | -0.13% | 減碼 |
| 32 | VOO | Vanguard S&p 500 ETF | 0% | -4.15% | 減碼 |
| 33 | SRBRX | Federated Shrt-intrm Ttl-r6 | 0% | +1.81% | 加碼 |
| 34 | CVX | Chevron CORP | -0.1% | -6.94% | 減碼 |
| 35 | SCHY | Schwab International Dvd ETF | -0.1% | -41.17% | 減碼 |
| 36 | VWIUX | Vanguard I/t Tax Exmpt-adm | -0.1% | -8.75% | 減碼 |
| 37 | VTEB | Vanguard Tax-exempt Bond ETF | -0.1% | -78.29% | 減碼 |
| 38 | ABBV | Abbvie Inc | -0.1% | -2.04% | 減碼 |
| 39 | PEP | Pepsico Inc | -0.1% | -10.59% | 減碼 |
| 40 | NUSFX | Northern Ultra-shrt Fix Inc | -0.1% | -5.27% | 減碼 |
| 41 | GOTXX | Fed Her Gov Oblig Tax-mn-ins | -0.1% | -93.34% | 減碼 |
| 42 | ✓ | Grant County State | -0.1% | -14.89% | 減碼 |
| 43 | AGG | Ishares Core U.s. Aggregate | -0.1% | -5.33% | 減碼 |
| 44 | SCHD | Schwab US Dvd Equity ETF | -0.1% | -20.01% | 減碼 |
| 45 | LLY | Eli Lilly & Co | -0.1% | +0.65% | 加碼 |
| 46 | SLB | Slb LTD | -0.1% | -86.51% | 減碼 |
| 47 | CTVA | Corteva Inc | -0.2% | -71.70% | 減碼 |
| 48 | UNH | Unitedhealth Group Inc | -0.3% | -85.45% | 減碼 |
| 49 | AAPL | Apple Inc | -0.3% | -5.25% | 減碼 |
| 50 | ✓ | Fmpw Inst Money | -0.5% | -2.90% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，First Merchants CORP 在 Q2 2025 季度的美股持倉總市值約為 US$28.4億，共申報了 371 個公開持股部位。
在 Q2 2025 季度，First Merchants CORP 按市值排列的前三大核心持股分別為：FMPW INST MONEY (8.6%)、VFIAX (4.7%)、FTRLX (3.2%)。其中最大持股部位 FMPW INST MONEY 佔據整體投資組合約 8.6% 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。
本季最大獲利了結 / 清倉標的
FMPW INST MONEY
前期市值: US$2.3億
在 Q2 2025 季度中，First Merchants CORP 共進行了 50 項持倉異動，包含新建倉 0 個部位、加碼 18 個部位、減碼 32 個部位以及清倉 0 個部位。
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。