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: 0000038777
申報總市值
US$4618.8億
US$4618.8億
3088 檔
15.7%
在 Q4 2025 申報期間，Franklin Resources Inc（CIK: 0000038777）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$4618.8億，共持有 3088 個公開申報部位。
觀察 Q4 2025 的資金脈絡，Franklin Resources Inc 在獲利結算 4 檔個股的同時，將資本重新部署至 4 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 MSFT, NVDA, AAPL）累計市值佔比達 15.7%，是驅動 Franklin Resources Inc 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 3088 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 | MSFT | Microsoft CORP | 股票-科技 | 4.74% | +0.38% | -0.52% | |
| 2 | NVDA | Nvidia CORP | 股票-科技 | 4.43% | -0.17% | -2.96% | |
| 3 | AAPL | Apple Inc | 股票-科技 | 3.17% | +1.32% | +4.34% | |
| 4 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.95% | +0.32% | -2.59% | |
| 5 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 2.53% | -0.82% | -6.50% | |
| 6 | AVGO | Broadcom Inc | 股票-科技 | 2.46% | -0.15% | -1.92% | |
| 7 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.40% | -0.21% | +1.90% | |
| 8 | XOM | Exxon Mobil CORP | 股票-能源 | 1.24% | -0.44% | +8.42% | |
| 9 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.22% | +0.18% | -4.58% | |
| 10 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.11% | +0.39% | -9.14% | |
| 11 | WMT | Walmart Inc | 股票-非循環性消費 | 1.01% | -0.22% | +2.57% | |
| 12 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.98% | -0.02% | -1.39% | |
| 13 | C | Citigroup Inc | 股票-金融 | 0.98% | +0.01% | +4.03% | |
| 14 | CSCO | Cisco Systems Inc | 股票-科技 | 0.95% | -0.01% | +18.01% | |
| 15 | NEE | Nextera Energy Inc | 股票-公用事業 | 0.91% | -0.22% | +0.25% | |
| 16 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 0.90% | -0.03% | +7.10% | |
| 17 | MA | Mastercard Inc - A | 股票-金融 | 0.88% | -0.09% | -15.51% | |
| 18 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.84% | -0.13% | +4.47% | |
| 19 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.83% | +0.31% | +2.27% | |
| 20 | TSLA | Tesla Inc | 股票-循環性消費 | 0.82% | -0.06% | +10.98% | |
| 21 | BAC | Bank Of America CORP | 股票-金融 | 0.77% | +0.02% | +20.65% | |
| 22 | V | Visa Inc-class A Shares | 股票-金融 | 0.76% | +0.09% | +9.22% | |
| 23 | COF | Capital One Financial CORP | 股票-金融 | 0.74% | -0.03% | +5.39% | |
| 24 | SCHW | Schwab (charles) CORP | 股票-金融 | 0.74% | — | +0.26% | |
| 25 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.69% | — | +3.06% | |
| 26 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.67% | -0.24% | +3.27% | |
| 27 | RTX | Rtx CORP | 股票-工業 | 0.65% | -0.08% | -6.13% | |
| 28 | GM | General Motors Co | 股票-循環性消費 | 0.64% | -0.14% | +2.67% | |
| 29 | CVX | Chevron CORP | 股票-能源 | 0.64% | -0.24% | -5.46% | |
| 30 | MCK | Mckesson CORP | 股票-醫療保健 | 0.57% | -0.17% | +5.39% | |
| 31 | PM | Philip Morris International | 股票-非循環性消費 | 0.57% | +0.09% | +6.21% | |
| 32 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 0.56% | +0.11% | +8.76% | |
| 33 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.55% | -0.08% | -33.11% | |
| 34 | BLK | Blackrock Inc | 股票-金融 | 0.54% | -0.25% | +13.94% | |
| 35 | ACN | Accenture plc | 股票-科技 | 0.54% | -0.13% | +15.93% | |
| 36 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.52% | +0.40% | +9.99% | |
| 37 | PEP | Pepsico Inc | 股票-非循環性消費 | 0.50% | -0.10% | -6.18% | |
| 38 | HON | Honeywell International Inc | 股票-工業 | 0.49% | -0.75% | EXIT | |
| 39 | REGN | Regeneron Pharmaceuticals | 股票-醫療保健 | 0.48% | -0.15% | +4.36% | |
| 40 | FCX | Freeport-mcmoran Inc | 股票-原物料 | 0.47% | — | +31.24% | |
| 41 | AZNN | Astrazeneca Plc-spons Adr | 股票-其他 | 0.45% | — | +2.26% | |
| 42 | HLT | Hilton Worldwide Holdings In | 股票-循環性消費 | 0.44% | -0.06% | +4.73% | |
| 43 | NOC | Northrop Grumman CORP | 股票-工業 | 0.44% | -0.18% | +4.30% | |
| 44 | LRCX | Lam Research CORP | 股票-科技 | 0.42% | +0.61% | +57.01% | |
| 45 | CRH | CRH plc | 股票-原物料 | 0.42% | -0.06% | -2.33% | |
| 46 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.41% | +0.06% | -4.08% | |
| 47 | FLCB | Franklin U.s. Core Bond ETF | ETF-其他 | 0.41% | -0.05% | -2.71% | |
| 48 | PNC | Pnc Financial Services Group | 股票-金融 | 0.41% | +0.01% | +0.90% | |
| 49 | UNP | Union Pacific CORP | 股票-工業 | 0.41% | -0.01% | +0.48% | |
| 50 | LUV | Southwest Airlines Co | 股票-工業 | 0.41% | +0.11% | +6.99% |
| # | 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 | +0.4% | -6.50% | 減碼 |
| 2 | LLY | Eli Lilly & Co | +0.3% | -4.58% | 減碼 |
| 3 | AAPL | Apple Inc | +0.3% | +4.34% | 加碼 |
| 4 | CSCO | Cisco Systems Inc | +0.2% | +18.01% | 加碼 |
| 5 | AMD | Advanced Micro Devices | +0.2% | +340.11% | 加碼 |
| 6 | LRCX | Lam Research CORP | +0.2% | +57.01% | 加碼 |
| 7 | FCX | Freeport-mcmoran Inc | +0.2% | +31.24% | 加碼 |
| 8 | TMO | Thermo Fisher Scientific Inc | +0.2% | +7.10% | 加碼 |
| 9 | GM | General Motors Co | +0.2% | +2.67% | 加碼 |
| 10 | BAC | Bank Of America CORP | +0.2% | +20.65% | 加碼 |
| 11 | XOM | Exxon Mobil CORP | +0.2% | +8.42% | 加碼 |
| 12 | GOOG | Alphabet Inc-cl C | +0.2% | -9.14% | 減碼 |
| 13 | C | Citigroup Inc | +0.2% | +4.03% | 加碼 |
| 14 | REGN | Regeneron Pharmaceuticals | +0.1% | +4.36% | 加碼 |
| 15 | COF | Capital One Financial CORP | +0.1% | +5.39% | 加碼 |
| 16 | LUV | Southwest Airlines Co | +0.1% | +6.99% | 加碼 |
| 17 | ACN | Accenture plc | +0.1% | +15.93% | 加碼 |
| 18 | AIG | American International Group | +0.1% | +36.91% | 加碼 |
| 19 | WMT | Walmart Inc | +0.1% | +2.57% | 加碼 |
| 20 | TSM | Taiwan Semiconductor-sp Adr | +0.1% | +8.76% | 加碼 |
| 21 | FDX | Fedex CORP | +0.1% | +6.61% | 加碼 |
| 22 | TSLA | Tesla Inc | +0.1% | +10.98% | 加碼 |
| 23 | AZNN | Astrazeneca Plc-spons Adr | +0.1% | +2.26% | 加碼 |
| 24 | V | Visa Inc-class A Shares | +0.1% | +9.22% | 加碼 |
| 25 | ANET | Arista Networks Inc | +0.1% | +59.34% | 加碼 |
| 26 | QCOM | Qualcomm Inc | +0.1% | +27.39% | 加碼 |
| 27 | JNJ | Johnson & Johnson | +0.1% | +3.27% | 加碼 |
| 28 | HUM | Humana Inc | +0.1% | +914.50% | 加碼 |
| 29 | SNOW | Snowflake Inc | +0.1% | +124.56% | 加碼 |
| 30 | DHR | Danaher CORP | +0.1% | +14.85% | 加碼 |
| 31 | MRK | Merck & Co. Inc. | +0.1% | -4.08% | 減碼 |
| 32 | TXN | Texas Instruments Inc | +0.1% | +26.87% | 加碼 |
| 33 | CAT | Caterpillar Inc | +0.1% | +70.15% | 加碼 |
| 34 | PPG | Ppg Industries Inc | +0.1% | +48.88% | 加碼 |
| 35 | JAZZ | Jazz Pharmaceuticals plc | +0.1% | +164.03% | 加碼 |
| 36 | WEC | Wec Energy Group Inc | +0.1% | +174.97% | 加碼 |
| 37 | HLT | Hilton Worldwide Holdings In | +0.1% | +4.73% | 加碼 |
| 38 | MCK | Mckesson CORP | +0.1% | +5.39% | 加碼 |
| 39 | GS | Goldman Sachs Group Inc | +0.1% | +5.71% | 加碼 |
| 40 | SLB | Slb LTD | +0.1% | +22.97% | 加碼 |
| 41 | DIS | Walt Disney Co/the | +0.1% | +29.16% | 加碼 |
| 42 | ALL | Allstate CORP | +0.1% | +29.18% | 加碼 |
| 43 | CVNA | Carvana Co | +0.1% | +87.68% | 加碼 |
| 44 | IP | International Paper Co | +0.1% | +81.58% | 加碼 |
| 45 | CLS | Celestica Inc | +0.1% | +18.57% | 加碼 |
| 46 | COO | Cooper Cos Inc/the | +0.1% | +108.15% | 加碼 |
| 47 | MSI | Motorola Solutions Inc | +0.1% | +150.29% | 加碼 |
| 48 | MU | Micron Technology Inc | +0.1% | -10.13% | 減碼 |
| 49 | NEE | Nextera Energy Inc | 0% | +0.25% | 加碼 |
| 50 | KO | Coca-cola Co/the | 0% | +3.06% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Franklin Resources Inc 在 Q4 2025 季度的美股持倉總市值約為 US$4618.8億，共申報了 3088 個公開持股部位。
在 Q4 2025 季度，Franklin Resources Inc 按市值排列的前三大核心持股分別為：MSFT (4.7%)、NVDA (4.4%)、AAPL (3.2%)。其中最大持股部位 MSFT 佔據整體投資組合約 4.7% 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
TTE
市值: US$5.0億
本季最大獲利了結 / 清倉標的
TTEN
前期市值: US$3.5億
在 Q4 2025 季度中，Franklin Resources Inc 共進行了 200 項持倉異動，包含新建倉 4 個部位、加碼 103 個部位、減碼 89 個部位以及清倉 4 個部位。 其中最大新建倉標的為 TTE。 本季清倉部位包含 TTEN。
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。