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: 0001724090
申報總市值
US$4.9億
US$4.9億
99 檔
29.2%
截至 Q2 2025 季度末，Fulcrum Capital LLC 的美股持倉估值約為 US$4.9億，全數申報部位共有 99 檔。
Q2 2025 的申報記錄反映 Fulcrum Capital LLC 的板塊替換策略：機構本季推動了 28 筆增持與 22 筆減持，籌碼呈現明顯的結構重組。
整體而言，Fulcrum Capital LLC 的前 5 大持股（包含 MSFT, VO, AMZN）貢獻了組合市值的 29.2%，形成該機構在 Q2 2025 季度的基本面基石。
| # | 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 | 8.27% | -0.60% | -0.14% | |
| 2 | VO | Vanguard Mid-cap ETF | ETF-其他 | 7.99% | -0.08% | -25.21% | |
| 3 | AMZN | Amazon.com Inc | 股票-循環性消費 | 4.84% | +0.10% | +1.74% | |
| 4 | NVDA | Nvidia CORP | 股票-科技 | 4.73% | +0.10% | -19.11% | |
| 5 | AAPL | Apple Inc | 股票-科技 | 4.57% | +0.15% | -29.61% | |
| 6 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 3.97% | +0.49% | — | |
| 7 | TT | Trane Technologies plc | 股票-工業 | 3.84% | +0.18% | -1.26% | |
| 8 | NFLX | Netflix Inc | 股票-通訊服務 | 3.24% | -1.04% | +0.62% | |
| 9 | MA | Mastercard Inc - A | 股票-金融 | 3.19% | -0.21% | -0.41% | |
| 10 | FTNT | Fortinet Inc | 股票-科技 | 2.97% | +2.05% | +3.38% | |
| 11 | JPM | Jpmorgan Chase & Co | 股票-金融 | 2.87% | -0.02% | -3.51% | |
| 12 | ADBE | Adobe Inc | 股票-科技 | 2.84% | -0.44% | +34.56% | |
| 13 | CME | Cme Group Inc | 股票-金融 | 2.47% | -0.93% | -2.22% | |
| 14 | SPGI | S&p Global Inc | 股票-金融 | 2.34% | -0.31% | +0.16% | |
| 15 | WM | Waste Management Inc | 股票-工業 | 2.31% | -0.30% | -0.17% | |
| 16 | EW | Edwards Lifesciences CORP | 股票-醫療保健 | 2.17% | +0.02% | +3.83% | |
| 17 | INTU | Intuit Inc | 股票-科技 | 2.06% | -0.74% | +1.60% | |
| 18 | ZTS | Zoetis Inc | 股票-醫療保健 | 1.86% | -1.59% | EXIT | |
| 19 | ULTA | Ulta Beauty Inc | 股票-循環性消費 | 1.82% | -0.28% | +0.89% | |
| 20 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 1.66% | +0.51% | +5.02% | |
| 21 | XYL | Xylem Inc | 股票-工業 | 1.61% | -0.13% | +1.89% | |
| 22 | LRCX | Lam Research CORP | 股票-科技 | 1.61% | +2.72% | +5.26% | |
| 23 | EA | Electronic Arts Inc | 股票-通訊服務 | 1.56% | — | +0.63% | |
| 24 | VRTX | Vertex Pharmaceuticals Inc | 股票-醫療保健 | 1.49% | +0.01% | +1.41% | |
| 25 | LIN | Linde plc | 股票-原物料 | 1.43% | -0.11% | +1.18% | |
| 26 | PEP | Pepsico Inc | 股票-非循環性消費 | 1.39% | -0.35% | -1.60% | |
| 27 | FSLR | First Solar Inc | 股票-科技 | 1.38% | +0.10% | +8.84% | |
| 28 | UBER | Uber Technologies Inc | 股票-工業 | 1.35% | -0.15% | — | |
| 29 | ABT | Abbott Laboratories | 股票-醫療保健 | 1.34% | -1.08% | EXIT | |
| 30 | DHI | Dr Horton Inc | 股票-循環性消費 | 1.25% | -0.45% | +4.12% | |
| 31 | EOG | Eog Resources Inc | 股票-能源 | 1.16% | -0.38% | +1.97% | |
| 32 | VUG | Vanguard Growth ETF | ETF-其他 | 1.08% | +0.10% | +9.41% | |
| 33 | JQUA | Jpmorgan US Quality Factor | ETF-其他 | 1.03% | +0.13% | +9.79% | |
| 34 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 1.02% | +0.03% | -27.05% | |
| 35 | XBI | Ss Spdr S&p Biotech ETF | ETF-科技型 | 0.96% | +0.12% | +6.02% | |
| 36 | PYPL | Paypal Holdings Inc | 股票-金融 | 0.83% | -0.52% | EXIT | |
| 37 | DXCM | Dexcom Inc | 股票-醫療保健 | 0.70% | -0.02% | +11.18% | |
| 38 | AMGN | Amgen Inc | 股票-醫療保健 | 0.59% | -0.36% | -0.96% | |
| 39 | ALGN | Align Technology Inc | 股票-醫療保健 | 0.44% | — | +18.14% | |
| 40 | CVLC | Calvert US L-c Cr Resp Index | ETF-大型股與成長 | 0.40% | +0.04% | +9.95% | |
| 41 | SPYM | Ste Str Spdr Pt S&p 500 ETF | ETF-大型股與成長 | 0.39% | +0.03% | — | |
| 42 | IWR | Ishares Russell Mid-cap ETF | ETF-其他 | 0.36% | -0.01% | -13.20% | |
| 43 | ECL | Ecolab Inc | 股票-原物料 | 0.36% | — | -3.43% | |
| 44 | V | Visa Inc-class A Shares | 股票-金融 | 0.35% | +0.01% | -2.19% | |
| 45 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.35% | +0.02% | -91.81% | |
| 46 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.31% | — | +0.63% | |
| 47 | VYM | Vanguard High Dvd Yield ETF | ETF-其他 | 0.30% | — | — | |
| 48 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.29% | -0.03% | -7.38% | |
| 49 | XLV | Ss Health Care Select Sector | ETF-其他 | 0.25% | — | — | |
| 50 | AWK | American Water Works Co Inc | 股票-公用事業 | 0.20% | -0.02% | +44.49% |
| # | 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 | +4% | NEW | 新建倉 |
| 2 | MSFT | Microsoft CORP | +1.7% | -0.14% | 減碼 |
| 3 | UBER | Uber Technologies Inc | +1.4% | NEW | 新建倉 |
| 4 | NFLX | Netflix Inc | +0.9% | +0.62% | 加碼 |
| 5 | TT | Trane Technologies plc | +0.7% | -1.26% | 減碼 |
| 6 | ADBE | Adobe Inc | +0.7% | +34.56% | 加碼 |
| 7 | NVDA | Nvidia CORP | +0.5% | -19.11% | 減碼 |
| 8 | AMZN | Amazon.com Inc | +0.5% | +1.74% | 加碼 |
| 9 | LRCX | Lam Research CORP | +0.4% | +5.26% | 加碼 |
| 10 | INTU | Intuit Inc | +0.4% | +1.60% | 加碼 |
| 11 | FSLR | First Solar Inc | +0.4% | +8.84% | 加碼 |
| 12 | ULTA | Ulta Beauty Inc | +0.3% | +0.89% | 加碼 |
| 13 | FTNT | Fortinet Inc | +0.2% | +3.38% | 加碼 |
| 14 | JPM | Jpmorgan Chase & Co | +0.2% | -3.51% | 減碼 |
| 15 | VUG | Vanguard Growth ETF | +0.2% | +9.41% | 加碼 |
| 16 | DXCM | Dexcom Inc | +0.2% | +11.18% | 加碼 |
| 17 | EW | Edwards Lifesciences CORP | +0.1% | +3.83% | 加碼 |
| 18 | JQUA | Jpmorgan US Quality Factor | +0.1% | +9.79% | 加碼 |
| 19 | ALGN | Align Technology Inc | +0.1% | +18.14% | 加碼 |
| 20 | EA | Electronic Arts Inc | +0.1% | +0.63% | 加碼 |
| 21 | XYL | Xylem Inc | +0.1% | +1.89% | 加碼 |
| 22 | PYPL | Paypal Holdings Inc | +0.1% | +0.93% | 加碼 |
| 23 | CVLC | Calvert US L-c Cr Resp Index | +0.1% | +9.95% | 加碼 |
| 24 | IEFA | Ishares Core Msci Eafe ETF | +0.1% | +31.56% | 加碼 |
| 25 | AVGO | Broadcom Inc | +0.1% | -4.59% | 減碼 |
| 26 | AWK | American Water Works Co Inc | +0.1% | +44.49% | 加碼 |
| 27 | XBI | Ss Spdr S&p Biotech ETF | 0% | +6.02% | 加碼 |
| 28 | DHI | Dr Horton Inc | 0% | +4.12% | 加碼 |
| 29 | ABT | Abbott Laboratories | 0% | +1.95% | 加碼 |
| 30 | SPGI | S&p Global Inc | 0% | +0.16% | 加碼 |
| 31 | SYK | Stryker CORP | -0.1% | EXIT | 清倉 |
| 32 | LLY | Eli Lilly & Co | -0.1% | EXIT | 清倉 |
| 33 | GS | Goldman Sachs Group Inc | -0.1% | EXIT | 清倉 |
| 34 | WSM | Williams-sonoma Inc | -0.1% | EXIT | 清倉 |
| 35 | AES | Aes CORP | -0.1% | EXIT | 清倉 |
| 36 | DFAC | Dimensional US Core Equity 2 | -0.1% | EXIT | 清倉 |
| 37 | XOM | Exxon Mobil CORP | -0.1% | EXIT | 清倉 |
| 38 | MA | Mastercard Inc - A | -0.1% | -0.41% | 減碼 |
| 39 | BCC | Boise Cascade Co | -0.1% | EXIT | 清倉 |
| 40 | AMGN | Amgen Inc | -0.1% | -0.96% | 減碼 |
| 41 | EOG | Eog Resources Inc | -0.1% | +1.97% | 加碼 |
| 42 | VRTX | Vertex Pharmaceuticals Inc | -0.2% | +1.41% | 加碼 |
| 43 | PEP | Pepsico Inc | -0.3% | -1.60% | 減碼 |
| 44 | VZ | Verizon Communications Inc | -0.3% | EXIT | 清倉 |
| 45 | IVV | Ishares Core S&p 500 ETF | -0.3% | -27.05% | 減碼 |
| 46 | FANG | Diamondback Energy Inc | -1.1% | EXIT | 清倉 |
| 47 | UNH | Unitedhealth Group Inc | -1.1% | +5.02% | 加碼 |
| 48 | VO | Vanguard Mid-cap ETF | -2.4% | -25.21% | 減碼 |
| 49 | AAPL | Apple Inc | -2.8% | -29.61% | 減碼 |
| 50 | GOOG | Alphabet Inc-cl C | -3.5% | -91.81% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Fulcrum Capital LLC 在 Q2 2025 季度的美股持倉總市值約為 US$4.9億，共申報了 99 個公開持股部位。
在 Q2 2025 季度，Fulcrum Capital LLC 按市值排列的前三大核心持股分別為：MSFT (8.3%)、VO (8.0%)、AMZN (4.8%)。其中最大持股部位 MSFT 佔據整體投資組合約 8.3% 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
GOOGL
市值: US$1876.3萬
本季最大獲利了結 / 清倉標的
FANG
前期市值: US$486.1萬
在 Q2 2025 季度中，Fulcrum Capital LLC 共進行了 50 項持倉異動，包含新建倉 2 個部位、加碼 26 個部位、減碼 12 個部位以及清倉 10 個部位。 其中最大新建倉標的為 GOOGL。 本季清倉部位包含 FANG。
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。