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: 0001540880
申報總市值
US$209.3億
US$209.3億
499 檔
13.2%
在 Q4 2025 申報期間，Fjarde Ap-fonden /fourth Swedish National Pension Fund（CIK: 0001540880）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$209.3億，共持有 499 個公開申報部位。
觀察 Q4 2025 的資金脈絡，Fjarde Ap-fonden /fourth Swedish National Pension Fund 在獲利結算 8 檔個股的同時，將資本重新部署至 46 檔新選標的，展現主動管理機構的輪動節奏。
從部位權重觀察，前 5 大標的（包含 NVDA, AAPL, MSFT）累計市值佔比達 13.2%，是驅動 Fjarde Ap-fonden /fourth Swedish National Pension Fund 該季度整體投資組合績效表現的核心支柱。
僅顯示前 200 大持股（共 499 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 | NVDA | Nvidia CORP | 股票-科技 | 6.58% | -0.20% | -4.54% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 5.78% | +0.07% | -4.61% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 5.13% | -0.40% | -1.60% | |
| 4 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.92% | +0.06% | -1.43% | |
| 5 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 2.67% | +0.21% | -7.04% | |
| 6 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.38% | -0.29% | +0.28% | |
| 7 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 2.34% | — | -7.66% | |
| 8 | AVGO | Broadcom Inc | 股票-科技 | 2.04% | +0.56% | -0.70% | |
| 9 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.93% | -0.16% | +0.03% | |
| 10 | IEMG | Ishares Core Msci Emerging | ETF-新興市場 | 1.74% | -0.96% | — | |
| 11 | V | Visa Inc-class A Shares | 股票-金融 | 1.58% | -0.06% | +0.14% | |
| 12 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.38% | -0.10% | -1.22% | |
| 13 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.18% | -0.03% | -1.59% | |
| 14 | MA | Mastercard Inc - A | 股票-金融 | 1.09% | -0.14% | +1.01% | |
| 15 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.07% | -0.09% | +0.21% | |
| 16 | WMT | Walmart Inc | 股票-非循環性消費 | 1.03% | -0.24% | -3.09% | |
| 17 | NFLX | Netflix Inc | 股票-通訊服務 | 0.90% | -0.33% | +893.76% | |
| 18 | CSCO | Cisco Systems Inc | 股票-科技 | 0.89% | +0.19% | -4.55% | |
| 19 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.88% | -0.11% | -1.84% | |
| 20 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.83% | -0.20% | +0.76% | |
| 21 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.77% | -0.08% | +2.56% | |
| 22 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.70% | -0.01% | -13.75% | |
| 23 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.67% | -0.04% | -11.61% | |
| 24 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.62% | +0.02% | -2.61% | |
| 25 | TSLA | Tesla Inc | 股票-循環性消費 | 0.58% | +0.14% | -5.74% | |
| 26 | PEP | Pepsico Inc | 股票-非循環性消費 | 0.58% | -0.10% | +3.30% | |
| 27 | ABT | Abbott Laboratories | 股票-醫療保健 | 0.58% | -0.21% | +2.30% | |
| 28 | CAT | Caterpillar Inc | 股票-工業 | 0.57% | +0.17% | -3.72% | |
| 29 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.53% | -0.14% | -1.11% | |
| 30 | LRCX | Lam Research CORP | 股票-科技 | 0.51% | +0.50% | -0.53% | |
| 31 | BAC | Bank Of America CORP | 股票-金融 | 0.51% | — | -3.98% | |
| 32 | IBM | Intl Business Machines CORP | 股票-科技 | 0.51% | +0.03% | -3.01% | |
| 33 | APH | Amphenol Corp-cl A | 股票-科技 | 0.50% | +0.11% | +38.14% | |
| 34 | INTU | Intuit Inc | 股票-科技 | 0.49% | -0.16% | +2.98% | |
| 35 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.48% | -0.10% | -4.81% | |
| 36 | TJX | Tjx Companies Inc | 股票-循環性消費 | 0.48% | -0.06% | +7.17% | |
| 37 | T | At&t Inc | 股票-通訊服務 | 0.48% | -0.22% | +4.62% | |
| 38 | TIGO | Millicom International Cellular S.A. | 股票-通訊服務 | 0.46% | — | — | |
| 39 | LIN | Linde plc | 股票-原物料 | 0.46% | -0.03% | -17.62% | |
| 40 | HD | Home Depot Inc | 股票-循環性消費 | 0.46% | -0.03% | -0.93% | |
| 41 | ACN | Accenture plc | 股票-科技 | 0.46% | -0.16% | -1.69% | |
| 42 | PGR | Progressive CORP | 股票-金融 | 0.46% | -0.02% | +3.87% | |
| 43 | AMD | Advanced Micro Devices | 股票-科技 | 0.45% | +0.76% | -0.90% | |
| 44 | ORCL | Oracle CORP | 股票-科技 | 0.45% | -0.04% | -0.51% | |
| 45 | AMAT | Applied Materials Inc | 股票-科技 | 0.45% | +0.68% | -3.33% | |
| 46 | CRM | Salesforce Inc | 股票-科技 | 0.43% | -0.12% | -1.62% | |
| 47 | MU | Micron Technology Inc | 股票-科技 | 0.43% | +1.14% | -0.45% | |
| 48 | GE | General Electric | 股票-工業 | 0.42% | +0.25% | -40.50% | |
| 49 | QCOM | Qualcomm Inc | 股票-科技 | 0.42% | +0.03% | -2.82% | |
| 50 | BKR | Baker Hughes Co | 股票-能源 | 0.41% | -0.02% | -0.39% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | LLY | Eli Lilly & Co | +0.5% | +0.03% | 加碼 |
| 2 | GOOGL | Alphabet Inc-cl A | +0.4% | -7.04% | 減碼 |
| 3 | GOOG | Alphabet Inc-cl C | +0.3% | -7.66% | 減碼 |
| 4 | MU | Micron Technology Inc | +0.2% | -0.45% | 減碼 |
| 5 | APH | Amphenol Corp-cl A | +0.2% | +38.14% | 加碼 |
| 6 | GEV | GE Vernova Inc | +0.1% | +98.00% | 加碼 |
| 7 | JNJ | Johnson & Johnson | +0.1% | -1.22% | 減碼 |
| 8 | LRCX | Lam Research CORP | +0.1% | -0.53% | 減碼 |
| 9 | AMD | Advanced Micro Devices | +0.1% | -0.90% | 減碼 |
| 10 | CME | Cme Group Inc | +0.1% | +29.68% | 加碼 |
| 11 | ISRG | Intuitive Surgical Inc | +0.1% | +0.29% | 加碼 |
| 12 | AMAT | Applied Materials Inc | +0.1% | -3.33% | 減碼 |
| 13 | CAT | Caterpillar Inc | +0.1% | -3.72% | 減碼 |
| 14 | TJX | Tjx Companies Inc | +0.1% | +7.17% | 加碼 |
| 15 | HIG | Hartford Insurance Group Inc | +0.1% | +125.23% | 加碼 |
| 16 | CSCO | Cisco Systems Inc | 0% | -4.55% | 減碼 |
| 17 | KO | Coca-cola Co/the | 0% | +2.56% | 加碼 |
| 18 | NUE | Nucor CORP | 0% | +55.53% | 加碼 |
| 19 | ODFL | Old Dominion Freight Line | 0% | +29.76% | 加碼 |
| 20 | ADSK | Autodesk Inc | 0% | +39.37% | 加碼 |
| 21 | VRTX | Vertex Pharmaceuticals Inc | 0% | -0.62% | 減碼 |
| 22 | STLD | Steel Dynamics Inc | 0% | +29.21% | 加碼 |
| 23 | CRH | CRH plc | 0% | +58.69% | 加碼 |
| 24 | TMO | Thermo Fisher Scientific Inc | 0% | -1.64% | 減碼 |
| 25 | AVGO | Broadcom Inc | 0% | -0.70% | 減碼 |
| 26 | MRK | Merck & Co. Inc. | 0% | -13.75% | 減碼 |
| 27 | KLAC | Kla CORP | 0% | +1.05% | 加碼 |
| 28 | WFC | Wells Fargo & Co | 0% | +0.23% | 加碼 |
| 29 | GS | Goldman Sachs Group Inc | 0% | +1.64% | 加碼 |
| 30 | EA | Electronic Arts Inc | 0% | +23.84% | 加碼 |
| 31 | CRM | Salesforce Inc | 0% | -1.62% | 減碼 |
| 32 | CB | Chubb Limited | 0% | +1.42% | 加碼 |
| 33 | MNST | Monster Beverage CORP | 0% | +6.12% | 加碼 |
| 34 | GM | General Motors Co | 0% | -6.14% | 減碼 |
| 35 | GLW | Corning Inc | 0% | +25.44% | 加碼 |
| 36 | WBD | Warner Bros Discovery Inc | 0% | +2.72% | 加碼 |
| 37 | AMZN | Amazon.com Inc | 0% | -1.43% | 減碼 |
| 38 | WMT | Walmart Inc | 0% | -3.09% | 減碼 |
| 39 | PEP | Pepsico Inc | 0% | +3.30% | 加碼 |
| 40 | AMGN | Amgen Inc | 0% | -3.51% | 減碼 |
| 41 | ACN | Accenture plc | 0% | -1.69% | 減碼 |
| 42 | PH | Parker Hannifin CORP | 0% | +1.70% | 加碼 |
| 43 | BMY | Bristol-myers Squibb Co | 0% | -4.07% | 減碼 |
| 44 | C | Citigroup Inc | 0% | -4.29% | 減碼 |
| 45 | COF | Capital One Financial CORP | 0% | -1.32% | 減碼 |
| 46 | WDC | Western Digital CORP | 0% | -1.09% | 減碼 |
| 47 | F | Ford Motor Co | 0% | +21.82% | 加碼 |
| 48 | CTSH | Cognizant Tech Solutions-a | 0% | -4.79% | 減碼 |
| 49 | DG | Dollar General CORP | 0% | +15.07% | 加碼 |
| 50 | RKLB | Rocket Lab CORP | 0% | +2.35% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Fjarde Ap-fonden /fourth Swedish National Pension Fund 在 Q4 2025 季度的美股持倉總市值約為 US$209.3億，共申報了 499 個公開持股部位。
在 Q4 2025 季度，Fjarde Ap-fonden /fourth Swedish National Pension Fund 按市值排列的前三大核心持股分別為：NVDA (6.6%)、AAPL (5.8%)、MSFT (5.1%)。其中最大持股部位 NVDA 佔據整體投資組合約 6.6% 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。
本季最大新建倉標的
IEMG
市值: US$2.1億
本季最大獲利了結 / 清倉標的
KEL
前期市值: US$1907.1萬
在 Q4 2025 季度中，Fjarde Ap-fonden /fourth Swedish National Pension Fund 共進行了 200 項持倉異動，包含新建倉 46 個部位、加碼 43 個部位、減碼 103 個部位以及清倉 8 個部位。 其中最大新建倉標的為 IEMG。 本季清倉部位包含 KEL。
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。