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: 0001006407
申報總市值
US$12.6億
US$12.6億
82 檔
48.1%
根據最新整理的 13F 季度數據集，Fishman Jay A Ltd/mi 於 Q4 2025 結束時的管理資產規模為 US$12.6億。該機構在本季度申報了 82 檔美股持倉，呈現出該時期的主要投資地圖。
Fishman Jay A Ltd/mi 在 Q4 2025 的調整主要集中於風險出清，清倉與減碼部位合計達 31 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 AAPL, GOOGL, AMZN）占據了總市值的 48.1%，展現出該機構在 Q4 2025 的重點資金聚焦與風險分佈特徵。
本季最大新建倉標的
EHC
市值: US$146.8萬
本季最大獲利了結 / 清倉標的
ETN
前期市值: US$23.8萬
| # | 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 | AAPL | Apple Inc | 股票-科技 | 20.70% | -0.04% | -1.76% | |
| 2 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 10.05% | +0.95% | -0.89% | |
| 3 | AMZN | Amazon.com Inc | 股票-循環性消費 | 8.14% | +0.13% | -0.41% | |
| 4 | MSFT | Microsoft CORP | 股票-科技 | 5.98% | -0.51% | -0.21% | |
| 5 | NVDA | Nvidia CORP | 股票-科技 | 4.83% | +0.07% | -0.18% | |
| 6 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 4.75% | -0.37% | +3.19% | |
| 7 | BX | Blackstone Inc | 股票-金融 | 4.55% | -0.28% | -1.83% | |
| 8 | JPM | Jpmorgan Chase & Co | 股票-金融 | 4.15% | -0.08% | -0.69% | |
| 9 | XPO | Xpo Inc | 股票-工業 | 3.33% | -0.77% | -1.03% | |
| 10 | V | Visa Inc-class A Shares | 股票-金融 | 3.00% | +0.04% | -1.59% | |
| 11 | LLY | Eli Lilly & Co | 股票-醫療保健 | 2.49% | +0.73% | +5.02% | |
| 12 | VRT | Vertiv Holdings Co-a | 股票-工業 | 2.39% | +0.12% | +0.43% | |
| 13 | RDDT | Reddit Inc-cl A | 股票-通訊服務 | 2.32% | +0.38% | +0.45% | |
| 14 | SYK | Stryker CORP | 股票-醫療保健 | 2.18% | -0.32% | -1.11% | |
| 15 | CEG | Constellation Energy | 股票-公用事業 | 1.57% | -0.40% | +4.57% | |
| 16 | HD | Home Depot Inc | 股票-循環性消費 | 1.46% | -0.05% | -1.77% | |
| 17 | AXP | American Express Co | 股票-金融 | 1.42% | +0.03% | -0.98% | |
| 18 | TWI | Titan International Inc | 股票-其他 | 1.38% | -0.03% | -2.17% | |
| 19 | QXO | Qxo Inc | 股票-工業 | 1.36% | +0.06% | +56.56% | |
| 20 | ARQT | Arcutis Biotherapeutics Inc | 股票-其他 | 1.35% | +0.05% | -0.18% | |
| 21 | ABBV | Abbvie Inc | 股票-醫療保健 | 1.30% | +0.03% | -0.25% | |
| 22 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.22% | +0.09% | -2.46% | |
| 23 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 1.19% | -0.22% | -0.62% | |
| 24 | GEV | GE Vernova Inc | 股票-工業 | 1.17% | +0.21% | +1.26% | |
| 25 | GE | General Electric | 股票-工業 | 1.01% | +0.19% | -0.03% | |
| 26 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.52% | +0.01% | -7.30% | |
| 27 | PFE | Pfizer Inc | 股票-醫療保健 | 0.52% | -0.21% | -2.09% | |
| 28 | WHR | Whirlpool CORP | 股票-循環性消費 | 0.49% | — | -39.56% | |
| 29 | ORCL | Oracle CORP | 股票-科技 | 0.45% | -0.04% | +1.43% | |
| 30 | VB | Vanguard Small-cap ETF | ETF-其他 | 0.40% | — | -3.84% | |
| 31 | SHW | Sherwin-williams Co/the | 股票-原物料 | 0.35% | -0.11% | — | |
| 32 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 0.30% | +0.05% | — | |
| 33 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.30% | -0.03% | -0.14% | |
| 34 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.22% | -0.02% | -1.14% | |
| 35 | TJX | Tjx Companies Inc | 股票-循環性消費 | 0.18% | -0.03% | -0.70% | |
| 36 | VFF | Village Farms International | 股票-其他 | 0.17% | -0.06% | — | |
| 37 | NEE | Nextera Energy Inc | 股票-公用事業 | 0.16% | -0.03% | -0.21% | |
| 38 | DHR | Danaher CORP | 股票-醫療保健 | 0.14% | -0.02% | — | |
| 39 | LEN | Lennar Corp-a | 股票-循環性消費 | 0.14% | -0.06% | — | |
| 40 | GD | General Dynamics CORP | 股票-工業 | 0.13% | -0.02% | — | |
| 41 | EHC | Encompass Health CORP | 股票-醫療保健 | 0.12% | -0.01% | — | |
| 42 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 0.11% | +0.04% | -0.89% | |
| 43 | CMA | Comerica Inc | 股票-其他 | 0.11% | — | -6.89% | |
| 44 | DE | Deere & Co | 股票-工業 | 0.10% | — | — | |
| 45 | BAC | Bank Of America CORP | 股票-金融 | 0.10% | +0.01% | — | |
| 46 | UBER | Uber Technologies Inc | 股票-工業 | 0.10% | — | — | |
| 47 | PM | Philip Morris International | 股票-非循環性消費 | 0.08% | — | — | |
| 48 | RACE | Ferrari N.V. | 股票-循環性消費 | 0.08% | — | — | |
| 49 | APH | Amphenol Corp-cl A | 股票-科技 | 0.08% | +0.02% | +5.43% | |
| 50 | CBOE | Cboe Global Markets Inc | 股票-金融 | 0.08% | -0.02% | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | GOOGL | Alphabet Inc-cl A | +1.8% | -0.89% | 減碼 |
| 2 | LLY | Eli Lilly & Co | +0.7% | +5.02% | 加碼 |
| 3 | QXO | Qxo Inc | +0.5% | +56.56% | 加碼 |
| 4 | ARQT | Arcutis Biotherapeutics Inc | +0.4% | -0.18% | 減碼 |
| 5 | GOOG | Alphabet Inc-cl C | +0.2% | -2.46% | 減碼 |
| 6 | AAPL | Apple Inc | +0.1% | -1.76% | 減碼 |
| 7 | CEG | Constellation Energy | +0.1% | +4.57% | 加碼 |
| 8 | VRT | Vertiv Holdings Co-a | +0.1% | +0.43% | 加碼 |
| 9 | AXP | American Express Co | +0.1% | -0.98% | 減碼 |
| 10 | MRK | Merck & Co. Inc. | +0.1% | -7.30% | 減碼 |
| 11 | GEV | GE Vernova Inc | 0% | +1.26% | 加碼 |
| 12 | AMZN | Amazon.com Inc | 0% | -0.41% | 減碼 |
| 13 | JNJ | Johnson & Johnson | 0% | -0.14% | 減碼 |
| 14 | VFF | Village Farms International | 0% | — | 不變 |
| 15 | CMA | Comerica Inc | 0% | -6.89% | 減碼 |
| 16 | DHR | Danaher CORP | 0% | — | 不變 |
| 17 | RVMD | Revolution Medicines Inc | 0% | — | 不變 |
| 18 | APH | Amphenol Corp-cl A | 0% | +5.43% | 加碼 |
| 19 | TJX | Tjx Companies Inc | — | -0.70% | 減碼 |
| 20 | NEE | Nextera Energy Inc | — | -0.21% | 減碼 |
| 21 | TSM | Taiwan Semiconductor-sp Adr | — | -0.89% | 減碼 |
| 22 | XPO | Xpo Inc | 0% | -1.03% | 減碼 |
| 23 | GE | General Electric | 0% | -0.03% | 減碼 |
| 24 | CARR | Carrier Global CORP | 0% | -10.23% | 減碼 |
| 25 | QQQ | Invesco Qqq Trust Series 1 | 0% | — | 不變 |
| 26 | LEN | Lennar Corp-a | 0% | — | 不變 |
| 27 | RACE | Ferrari N.V. | 0% | — | 不變 |
| 28 | VB | Vanguard Small-cap ETF | 0% | -3.84% | 減碼 |
| 29 | SHW | Sherwin-williams Co/the | 0% | — | 不變 |
| 30 | PFE | Pfizer Inc | 0% | -2.09% | 減碼 |
| 31 | TWI | Titan International Inc | 0% | -2.17% | 減碼 |
| 32 | ABBV | Abbvie Inc | -0.1% | -0.25% | 減碼 |
| 33 | HON | Honeywell International Inc | -0.1% | -53.23% | 減碼 |
| 34 | V | Visa Inc-class A Shares | -0.1% | -1.59% | 減碼 |
| 35 | RDDT | Reddit Inc-cl A | -0.1% | +0.45% | 加碼 |
| 36 | JPM | Jpmorgan Chase & Co | -0.1% | -0.69% | 減碼 |
| 37 | COST | Costco Wholesale CORP | -0.2% | -0.62% | 減碼 |
| 38 | ORCL | Oracle CORP | -0.2% | +1.43% | 加碼 |
| 39 | NVDA | Nvidia CORP | -0.2% | -0.18% | 減碼 |
| 40 | SYK | Stryker CORP | -0.2% | -1.11% | 減碼 |
| 41 | HD | Home Depot Inc | -0.4% | -1.77% | 減碼 |
| 42 | WHR | Whirlpool CORP | -0.4% | -39.56% | 減碼 |
| 43 | META | Meta Platforms Inc-class A | -0.6% | +3.19% | 加碼 |
| 44 | MSFT | Microsoft CORP | -0.7% | -0.21% | 減碼 |
| 45 | BX | Blackstone Inc | -0.8% | -1.83% | 減碼 |
| 46 | EHC | Encompass Health CORP | — | NEW | 新建倉 |
| 47 | UBER | Uber Technologies Inc | — | NEW | 新建倉 |
| 48 | GLD | Spdr Gold Shares | — | NEW | 新建倉 |
| 49 | ETN | Eaton Corporation plc | — | EXIT | 清倉 |
| 50 | NFLX | Netflix Inc | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Fishman Jay A Ltd/mi 在 Q4 2025 季度的美股持倉總市值約為 US$12.6億，共申報了 82 個公開持股部位。
在 Q4 2025 季度，Fishman Jay A Ltd/mi 按市值排列的前三大核心持股分別為：AAPL (20.7%)、GOOGL (10.1%)、AMZN (8.1%)。其中最大持股部位 AAPL 佔據整體投資組合約 20.7% 的權重。
在 Q4 2025 季度中，Fishman Jay A Ltd/mi 共進行了 43 項持倉異動，包含新建倉 3 個部位、加碼 9 個部位、減碼 29 個部位以及清倉 2 個部位。 其中最大新建倉標的為 EHC。 本季清倉部位包含 ETN。
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。