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: 0002047540
申報總市值
US$21.1億
US$21.1億
396 檔
7.9%
在 Q4 2025 的 13F 官方備案中，Generali Investments CEE, investicni spolecnost, a.s. 管理的美股投資組合規模來到 US$21.1億，整體持股檔數為 396 檔。
Q4 2025 數據顯示 Generali Investments CEE, investicni spolecnost, a.s. 積極進場，新開立 5 個部位並同步加碼 24 檔個股，反映機構在該季度的資金注入與籌碼積累。
從部位權重觀察，前 5 大標的（包含 SPY, RSP, ERSTE GROUP BANK AG）累計市值佔比達 7.9%，是驅動 Generali Investments CEE, investicni spolecnost, a.s. 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 396 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 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 3.80% | +0.10% | +3.03% | |
| 2 | RSP | Invesco S&p 500 Equal Weight | ETF-大型股與成長 | 2.62% | +0.01% | — | |
| 3 | ✓ | Erste Group Bank AG | 股票-其他 | 1.92% | -0.09% | -12.21% | |
| 4 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 1.70% | +0.20% | +2.32% | |
| 5 | ✓ | Omv AG | 股票-其他 | 1.67% | -0.37% | +2.16% | |
| 6 | NVDA | Nvidia CORP | 股票-科技 | 1.64% | +0.16% | -10.69% | |
| 7 | MSFT | Microsoft CORP | 股票-科技 | 1.45% | +0.26% | +5.62% | |
| 8 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.44% | +0.06% | +5.86% | |
| 9 | ✓ | InPost SA | 股票-其他 | 1.44% | -0.11% | +9.49% | |
| 10 | IBB | Ishares Biotechnology ETF | ETF-科技型 | 1.38% | +0.02% | — | |
| 11 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 1.30% | +0.04% | — | |
| 12 | AAPL | Apple Inc | 股票-科技 | 1.24% | -0.01% | +1.93% | |
| 13 | HSBK | Halyk Savings Bank-gdr Reg S | 股票-其他 | 1.18% | -0.11% | +83.26% | |
| 14 | KSPI | Jsc Kaspi.kz Adr | 股票-其他 | 1.05% | -0.05% | +2.66% | |
| 15 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.02% | -0.02% | -2.51% | |
| 16 | ✓ | Vonovia SE | 股票-其他 | 1.00% | -0.08% | +19.16% | |
| 17 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.98% | +0.06% | -9.92% | |
| 18 | SSNHZ | Samsung Electr-gdr Reg S | 股票-其他 | 0.98% | +0.40% | -29.62% | |
| 19 | NATKY | Nac Kazatomprom Jsc-gdr Regs | 股票-其他 | 0.97% | -0.10% | +7.41% | |
| 20 | ✓ | Sap Se Ordf | 股票-其他 | 0.96% | -0.08% | +27.30% | |
| 21 | VWO | Vanguard Ftse Emerging Marke | ETF-新興市場 | 0.95% | -0.71% | EXIT | |
| 22 | AMD | Advanced Micro Devices | 股票-科技 | 0.94% | +0.73% | -41.76% | |
| 23 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 0.89% | +0.05% | -14.36% | |
| 24 | ✓ | 股票-其他 | 0.87% | +0.08% | -1.77% | ||
| 25 | DIS | Walt Disney Co/the | 股票-通訊服務 | 0.82% | -0.05% | +19.41% | |
| 26 | AXP | American Express Co | 股票-金融 | 0.80% | -0.04% | -2.55% | |
| 27 | V | Visa Inc-class A Shares | 股票-金融 | 0.79% | +0.01% | -1.45% | |
| 28 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.74% | +0.02% | -9.50% | |
| 29 | AVGO | Broadcom Inc | 股票-科技 | 0.72% | +0.05% | -31.51% | |
| 30 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.72% | -0.04% | +24.52% | |
| 31 | ICLN | Ishares Global Clean Energy | ETF-其他 | 0.72% | +0.01% | — | |
| 32 | IBM | Intl Business Machines CORP | 股票-科技 | 0.71% | +0.07% | +0.13% | |
| 33 | PEP | Pepsico Inc | 股票-非循環性消費 | 0.70% | -0.13% | +8.47% | |
| 34 | ✓ | Allegro EU SA | 股票-其他 | 0.70% | +0.09% | +20.96% | |
| 35 | MA | Mastercard Inc - A | 股票-金融 | 0.67% | -0.01% | +0.38% | |
| 36 | GRPN | Groupon Inc | 股票-其他 | 0.66% | +0.39% | +147.70% | |
| 37 | IEMG | Ishares Core Msci Emerging | ETF-新興市場 | 0.65% | — | — | |
| 38 | EQIX | Equinix Inc | 股票-房地產 | 0.64% | -0.04% | +305.72% | |
| 39 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.62% | -0.07% | +6.55% | |
| 40 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.61% | +0.01% | — | |
| 41 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.61% | — | +0.92% | |
| 42 | TTE | TotalEnergies SE | 股票-其他 | 0.60% | -0.08% | +7.77% | |
| 43 | TSLA | Tesla Inc | 股票-循環性消費 | 0.59% | -0.02% | +26.72% | |
| 44 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 0.58% | +0.07% | -25.99% | |
| 45 | ✓ | Rwe AG | 股票-其他 | 0.57% | -0.08% | -8.63% | |
| 46 | ✓ | Banco Santander SA | 股票-其他 | 0.57% | -0.08% | — | |
| 47 | ✓ | Schneider Electric SA | 股票-其他 | 0.54% | +0.03% | +100.40% | |
| 48 | BIIB | Biogen Inc | 股票-醫療保健 | 0.54% | +0.03% | +12.38% | |
| 49 | ✓ | Airbus Se Ordf | 股票-其他 | 0.52% | +0.06% | +9.83% | |
| 50 | ✓ | Iberdrola SA | 股票-其他 | 0.51% | +0.01% | +1.32% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | HSBK | Halyk Savings Bank-gdr Reg S | +0.6% | +83.26% | 加碼 |
| 2 | EQIX | Equinix Inc | +0.5% | +305.72% | 加碼 |
| 3 | BLK | Blackrock Inc | +0.3% | +942.55% | 加碼 |
| 4 | GRPN | Groupon Inc | +0.3% | +147.70% | 加碼 |
| 5 | VWO | Vanguard Ftse Emerging Marke | +0.3% | +50.91% | 加碼 |
| 6 | BKNG | Booking Holdings Inc | +0.3% | +579.34% | 加碼 |
| 7 | ✓ | +0.3% | +594.21% | 加碼 | |
| 8 | ✓ | Schneider Electric SA | +0.2% | +100.40% | 加碼 |
| 9 | AIRAY | Air Astana Jsc - Gdr | +0.2% | +709.21% | 加碼 |
| 10 | GOOG | Alphabet Inc-cl C | +0.2% | -2.51% | 減碼 |
| 11 | BIIB | Biogen Inc | +0.1% | +12.38% | 加碼 |
| 12 | CL | Colgate-palmolive Co | +0.1% | +100.56% | 加碼 |
| 13 | UPS | United Parcel Service-cl B | +0.1% | +104.29% | 加碼 |
| 14 | LLY | Eli Lilly & Co | +0.1% | -9.50% | 減碼 |
| 15 | ACN | Accenture plc | +0.1% | +59.69% | 加碼 |
| 16 | IBB | Ishares Biotechnology ETF | +0.1% | — | 不變 |
| 17 | TSLA | Tesla Inc | +0.1% | +26.72% | 加碼 |
| 18 | SPB | Spectrum Brands Holdings Inc | +0.1% | +91.74% | 加碼 |
| 19 | NKE | Nike Inc -cl B | +0.1% | +85.59% | 加碼 |
| 20 | HPQ | Hp Inc | +0.1% | +110.88% | 加碼 |
| 21 | ✓ | Sap Se Ordf | +0.1% | +27.30% | 加碼 |
| 22 | DIS | Walt Disney Co/the | +0.1% | +19.41% | 加碼 |
| 23 | AMZN | Amazon.com Inc | 0% | +5.86% | 加碼 |
| 24 | NATKY | Nac Kazatomprom Jsc-gdr Regs | 0% | +7.41% | 加碼 |
| 25 | ✓ | InPost SA | 0% | +9.49% | 加碼 |
| 26 | ✓ | Erste Group Bank AG | 0% | -12.21% | 減碼 |
| 27 | ✓ | Omv AG | 0% | +2.16% | 加碼 |
| 28 | SPY | Ss Spdr S&p 500 ETF Trust-us | -0.1% | +3.03% | 加碼 |
| 29 | CAT | Caterpillar Inc | -0.2% | -38.11% | 減碼 |
| 30 | TCEHY | Tencent Holdings Ltd-uns Adr | -0.2% | -20.64% | 減碼 |
| 31 | GFI | Gold Fields Ltd-spons Adr | -0.2% | -24.99% | 減碼 |
| 32 | TSM | Taiwan Semiconductor-sp Adr | -0.2% | -25.99% | 減碼 |
| 33 | BAC | Bank Of America CORP | -0.2% | -32.42% | 減碼 |
| 34 | HIVE | Hive Digital Technologies Lt | -0.3% | -27.17% | 減碼 |
| 35 | HPE | Hewlett Packard Enterprise | -0.3% | -46.35% | 減碼 |
| 36 | HUG | Huuuge Inc | -0.3% | -43.37% | 減碼 |
| 37 | F | Ford Motor Co | -0.3% | -88.37% | 減碼 |
| 38 | ✓ | Inditex SA | -0.3% | -43.82% | 減碼 |
| 39 | ORCL | Oracle CORP | -0.3% | -25.73% | 減碼 |
| 40 | NVDA | Nvidia CORP | -0.3% | -10.69% | 減碼 |
| 41 | AVGO | Broadcom Inc | -0.4% | -31.51% | 減碼 |
| 42 | AMD | Advanced Micro Devices | -0.4% | -41.76% | 減碼 |
| 43 | ✓ | Banco Santander SA | — | NEW | 新建倉 |
| 44 | DE | Deere & Co | — | NEW | 新建倉 |
| 45 | MNST | Monster Beverage CORP | — | NEW | 新建倉 |
| 46 | NDAQ | Nasdaq Inc | — | NEW | 新建倉 |
| 47 | SHOP | Shopify Inc - Class A | — | NEW | 新建倉 |
| 48 | TD | Toronto-dominion Bank | — | EXIT | 清倉 |
| 49 | NTTYY | Ntt Inc - Adr | — | EXIT | 清倉 |
| 50 | AZNN | Astrazeneca Plc-spons Adr | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Generali Investments CEE, investicni spolecnost, a.s. 在 Q4 2025 季度的美股持倉總市值約為 US$21.1億，共申報了 396 個公開持股部位。
在 Q4 2025 季度，Generali Investments CEE, investicni spolecnost, a.s. 按市值排列的前三大核心持股分別為：SPY (3.8%)、RSP (2.6%)、ERSTE GROUP BANK AG (1.9%)。其中最大持股部位 SPY 佔據整體投資組合約 3.8% 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
Banco Santander SA
市值: US$802.1萬
本季最大獲利了結 / 清倉標的
TD
前期市值: US$367.8萬
在 Q4 2025 季度中，Generali Investments CEE, investicni spolecnost, a.s. 共進行了 49 項持倉異動，包含新建倉 5 個部位、加碼 24 個部位、減碼 17 個部位以及清倉 3 個部位。 其中最大新建倉標的為 Banco Santander SA。 本季清倉部位包含 TD。
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。