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: 0001438848
申報總市值
US$13.1億
US$13.1億
284 檔
27.5%
根據最新整理的 13F 季度數據集，GAM Holding AG 於 Q3 2025 結束時的管理資產規模為 US$13.1億。該機構在本季度申報了 284 檔美股持倉，呈現出該時期的主要投資地圖。
觀察 Q3 2025 的申報異動，GAM Holding AG 採取了強勁的買進策略，建倉與加碼動作（合計 107 筆）涵蓋多個核心板塊，展現機構對特定產業前景之樂觀態度。
整體而言，GAM Holding AG 的前 5 大持股（包含 MSFT, NVDA, GOOGL）貢獻了組合市值的 27.5%，形成該機構在 Q3 2025 季度的基本面基石。
僅顯示前 200 大持股（共 284 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 | 5.68% | -0.46% | +2.73% | |
| 2 | NVDA | Nvidia CORP | 股票-科技 | 5.28% | -0.25% | +12.34% | |
| 3 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 4.72% | +0.73% | +8.07% | |
| 4 | AAPL | Apple Inc | 股票-科技 | 3.34% | -0.29% | +27.10% | |
| 5 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 3.14% | +0.04% | +11.09% | |
| 6 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.72% | -0.14% | +48.31% | |
| 7 | UBS | UBS Group AG | 股票-金融 | 2.20% | +0.54% | +1.60% | |
| 8 | V | Visa Inc-class A Shares | 股票-金融 | 1.83% | -0.37% | -3.51% | |
| 9 | AVGO | Broadcom Inc | 股票-科技 | 1.62% | +0.73% | -16.00% | |
| 10 | URTH | Ishares Msci World ETF | ETF-其他 | 1.54% | -0.20% | -4.43% | |
| 11 | ORCL | Oracle CORP | 股票-科技 | 1.50% | -0.06% | +14.37% | |
| 12 | NFLX | Netflix Inc | 股票-通訊服務 | 1.37% | -0.20% | -2.57% | |
| 13 | RACE | Ferrari N.V. | 股票-循環性消費 | 1.25% | -0.26% | -34.84% | |
| 14 | LOGI | Logitech International S.A. | 股票-科技 | 1.17% | -0.10% | -1.52% | |
| 15 | CRH | CRH plc | 股票-原物料 | 1.08% | — | +0.88% | |
| 16 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.08% | -0.10% | +1.20% | |
| 17 | LRCX | Lam Research CORP | 股票-科技 | 1.00% | — | -16.38% | |
| 18 | MA | Mastercard Inc - A | 股票-金融 | 0.98% | +0.12% | +1.95% | |
| 19 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.97% | +0.27% | +2.70% | |
| 20 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.92% | -0.42% | -11.30% | |
| 21 | AMAT | Applied Materials Inc | 股票-科技 | 0.92% | +0.92% | +13.99% | |
| 22 | ALC | Alcon Inc. | 股票-醫療保健 | 0.90% | -0.14% | -0.13% | |
| 23 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 0.89% | — | -1.08% | |
| 24 | IBM | Intl Business Machines CORP | 股票-科技 | 0.88% | -0.28% | +921.69% | |
| 25 | AMRZ | Amrize Ltd | 股票-原物料 | 0.88% | -0.16% | — | |
| 26 | TPR | Tapestry Inc | 股票-循環性消費 | 0.88% | -0.06% | — | |
| 27 | XOM | Exxon Mobil CORP | 股票-能源 | 0.87% | -0.60% | -0.78% | |
| 28 | VOO | Vanguard S&p 500 ETF | ETF-大型股與成長 | 0.84% | — | — | |
| 29 | HLT | Hilton Worldwide Holdings In | 股票-循環性消費 | 0.84% | -0.13% | -7.73% | |
| 30 | RCL | Royal Caribbean Cruises Ltd. | 股票-循環性消費 | 0.82% | -0.15% | +22.78% | |
| 31 | UBER | Uber Technologies Inc | 股票-工業 | 0.81% | -0.17% | +21.34% | |
| 32 | DIS | Walt Disney Co/the | 股票-通訊服務 | 0.78% | -0.07% | +3.59% | |
| 33 | RL | Ralph Lauren CORP | 股票-循環性消費 | 0.77% | -0.26% | -9.69% | |
| 34 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.76% | -0.03% | +13.84% | |
| 35 | FISV | Fiserv Inc | 股票-其他 | 0.76% | -0.25% | EXIT | |
| 36 | VIK | Viking Holdings Ltd | 股票-循環性消費 | 0.74% | +0.16% | -14.59% | |
| 37 | NOW | Servicenow Inc | 股票-科技 | 0.71% | — | +2.94% | |
| 38 | MKL | Markel Group Inc | 股票-金融 | 0.69% | -0.07% | -3.45% | |
| 39 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.68% | -0.13% | +2.78% | |
| 40 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 0.65% | +0.65% | -3.41% | |
| 41 | ADBE | Adobe Inc | 股票-科技 | 0.64% | -0.15% | -0.94% | |
| 42 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.64% | -0.08% | -0.47% | |
| 43 | TEL | TE Connectivity plc | 股票-科技 | 0.64% | -0.04% | -1.96% | |
| 44 | AS | Amer Sports, Inc. | 股票-循環性消費 | 0.63% | -0.12% | -15.61% | |
| 45 | WFC | Wells Fargo & Co | 股票-金融 | 0.63% | -0.08% | +587.85% | |
| 46 | INTU | Intuit Inc | 股票-科技 | 0.62% | -0.12% | +9.31% | |
| 47 | SW | Smurfit Westrock Plc | 股票-循環性消費 | 0.62% | +0.09% | — | |
| 48 | GE | General Electric | 股票-工業 | 0.60% | +0.29% | +30.91% | |
| 49 | LIN | Linde plc | 股票-原物料 | 0.59% | -0.31% | +2.84% | |
| 50 | FUTU | Futu Holdings Ltd-adr | 股票-金融 | 0.56% | -0.03% | +64.44% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +1.1% | +12.34% | 減碼 |
| 2 | GOOGL | Alphabet Inc-cl A | +0.9% | +8.07% | 減碼 |
| 3 | FUTU | Futu Holdings Ltd-adr | +0.5% | +64.44% | 加碼 |
| 4 | LRCX | Lam Research CORP | +0.4% | -16.38% | 加碼 |
| 5 | AMAT | Applied Materials Inc | +0.3% | +13.99% | 加碼 |
| 6 | RCL | Royal Caribbean Cruises Ltd. | +0.3% | +22.78% | 加碼 |
| 7 | UBER | Uber Technologies Inc | +0.3% | +21.34% | 加碼 |
| 8 | AVGO | Broadcom Inc | +0.2% | -16.00% | 減碼 |
| 9 | GE | General Electric | +0.2% | +30.91% | 加碼 |
| 10 | MSI | Motorola Solutions Inc | +0.2% | -10.50% | 加碼 |
| 11 | BZ | Kanzhun LTD - Adr | +0.2% | -4.10% | 加碼 |
| 12 | YMM | Full Truck Alliance -spn Adr | +0.1% | -16.18% | 加碼 |
| 13 | GOOG | Alphabet Inc-cl C | +0.1% | +24.81% | 加碼 |
| 14 | ARM | Arm Holdings Plc-adr | +0.1% | +64.00% | 加碼 |
| 15 | APTV | Aptiv PLC | +0.1% | +171.89% | 加碼 |
| 16 | RNW | ReNew Energy Global Plc | +0.1% | +94.74% | 加碼 |
| 17 | CHD | Church & Dwight Co Inc | +0.1% | +35.28% | 加碼 |
| 18 | GS | Goldman Sachs Group Inc | +0.1% | -4.60% | 加碼 |
| 19 | APP | Applovin Corp-class A | +0.1% | +10.05% | 減碼 |
| 20 | TPR | Tapestry Inc | +0.1% | — | 減碼 |
| 21 | TEL | TE Connectivity plc | +0.1% | -1.96% | 減碼 |
| 22 | ATAT | Atour Lifestyle Holdings-adr | +0.1% | -32.75% | 加碼 |
| 23 | WMT | Walmart Inc | +0.1% | +32.31% | 加碼 |
| 24 | BWXT | Bwx Technologies Inc | +0.1% | -2.53% | 減碼 |
| 25 | RF | Regions Financial CORP | +0.1% | — | 加碼 |
| 26 | BKNG | Booking Holdings Inc | 0% | -1.08% | 加碼 |
| 27 | APH | Amphenol Corp-cl A | 0% | +3.51% | 減碼 |
| 28 | DHR | Danaher CORP | 0% | +70.95% | 加碼 |
| 29 | JNJ | Johnson & Johnson | 0% | +2.78% | 加碼 |
| 30 | ADBE | Adobe Inc | 0% | -0.94% | 加碼 |
| 31 | ETN | Eaton Corporation plc | 0% | -17.47% | 加碼 |
| 32 | PANW | Palo Alto Networks Inc | 0% | +28.63% | 加碼 |
| 33 | IDXX | Idexx Laboratories Inc | 0% | — | 減碼 |
| 34 | ABBV | Abbvie Inc | 0% | +22.14% | 加碼 |
| 35 | NOC | Northrop Grumman CORP | 0% | +23.49% | 加碼 |
| 36 | BWA | Borgwarner Inc | 0% | -13.02% | 加碼 |
| 37 | ✓ | Wns Holdings LTD | 0% | — | 加碼 |
| 38 | LOW | Lowe's Cos Inc | 0% | — | 加碼 |
| 39 | PPG | Ppg Industries Inc | 0% | +97.54% | 加碼 |
| 40 | PEP | Pepsico Inc | 0% | — | 加碼 |
| 41 | BRO | Brown & Brown Inc | 0% | +80.82% | 加碼 |
| 42 | LEA | Lear CORP | 0% | +4.14% | 加碼 |
| 43 | CRWD | Crowdstrike Holdings Inc - A | 0% | +16.13% | 減碼 |
| 44 | ALV | Autoliv Inc | 0% | +7.00% | 加碼 |
| 45 | ZGN | Ermenegildo Zegna N.V. | — | -0.06% | 減碼 |
| 46 | ADI | Analog Devices Inc | — | +13.72% | 加碼 |
| 47 | MSFT | Microsoft CORP | 0% | +2.73% | 減碼 |
| 48 | NOW | Servicenow Inc | 0% | +2.94% | 加碼 |
| 49 | ADSK | Autodesk Inc | 0% | +10.47% | 加碼 |
| 50 | AJG | Arthur J Gallagher & Co | 0% | +46.47% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，GAM Holding AG 在 Q3 2025 季度的美股持倉總市值約為 US$13.1億，共申報了 284 個公開持股部位。
在 Q3 2025 季度，GAM Holding AG 按市值排列的前三大核心持股分別為：MSFT (5.7%)、NVDA (5.3%)、GOOGL (4.7%)。其中最大持股部位 MSFT 佔據整體投資組合約 5.7% 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
UBS
市值: US$3566.3萬
本季最大獲利了結 / 清倉標的
CPRI
前期市值: US$678.5萬
在 Q3 2025 季度中，GAM Holding AG 共進行了 199 項持倉異動，包含新建倉 66 個部位、加碼 41 個部位、減碼 78 個部位以及清倉 14 個部位。 其中最大新建倉標的為 UBS。 本季清倉部位包含 CPRI。
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。