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: 0002043130
申報總市值
US$2.5億
US$2.5億
142 檔
15.8%
在 Q3 2025 的 13F 官方備案中，Generali Investments Towarzystwo Funduszy Inwestycyjnych 管理的美股投資組合規模來到 US$2.5億，整體持股檔數為 142 檔。
在 Q3 2025 期間，Generali Investments Towarzystwo Funduszy Inwestycyjnych 展現了靈活的資產再平衡步調，透過出清 4 檔弱勢或達到目標價部位，將資金轉置於 1 檔新建倉標的之中。
在資產配置集中度方面，Generali Investments Towarzystwo Funduszy Inwestycyjnych 的前 5 大核心持股（包含 MSFT, NVDA, GOOGL 等）合計佔整體申報市值的 15.8%，反映機構在主要關鍵部位上的權重分佈。
本季最大新建倉標的
MNDY
市值: US$251.8萬
本季最大獲利了結 / 清倉標的
ENPH
前期市值: US$179.9萬
| # | 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 | 5.05% | -0.61% | -16.36% | |
| 2 | NVDA | Nvidia CORP | 股票-科技 | 4.70% | -0.06% | -15.18% | |
| 3 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 4.19% | -0.10% | -28.26% | |
| 4 | ADI | Analog Devices Inc | 股票-科技 | 3.62% | -0.26% | -8.25% | |
| 5 | ADBE | Adobe Inc | 股票-科技 | 3.27% | -0.66% | +19.84% | |
| 6 | AAPL | Apple Inc | 股票-科技 | 2.81% | -0.53% | +8.32% | |
| 7 | AMD | Advanced Micro Devices | 股票-科技 | 2.76% | +0.39% | -20.28% | |
| 8 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.64% | +0.09% | -6.20% | |
| 9 | NOW | Servicenow Inc | 股票-科技 | 2.54% | -0.54% | +8.33% | |
| 10 | AMAT | Applied Materials Inc | 股票-科技 | 2.53% | -0.02% | -12.38% | |
| 11 | MRVL | Marvell Technology Inc | 股票-科技 | 2.29% | -0.17% | -6.36% | |
| 12 | HUBS | Hubspot Inc | 股票-科技 | 2.23% | -0.12% | +20.00% | |
| 13 | TSLA | Tesla Inc | 股票-循環性消費 | 2.17% | -0.18% | -17.12% | |
| 14 | CRWD | Crowdstrike Holdings Inc - A | 股票-科技 | 2.00% | +0.38% | -2.53% | |
| 15 | SNOW | Snowflake Inc | 股票-科技 | 1.97% | +0.32% | -21.43% | |
| 16 | PANW | Palo Alto Networks Inc | 股票-科技 | 1.90% | +0.34% | -3.30% | |
| 17 | DDOG | Datadog Inc - Class A | 股票-科技 | 1.84% | +0.42% | -23.75% | |
| 18 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.57% | +0.06% | -0.49% | |
| 19 | TXN | Texas Instruments Inc | 股票-科技 | 1.56% | -0.55% | +23.08% | |
| 20 | MCHP | Microchip Technology Inc | 股票-科技 | 1.55% | -0.17% | — | |
| 21 | MU | Micron Technology Inc | 股票-科技 | 1.51% | +1.71% | -40.14% | |
| 22 | MDB | Mongodb Inc | 股票-科技 | 1.43% | +0.06% | -13.00% | |
| 23 | ISRG | Intuitive Surgical Inc | 股票-醫療保健 | 1.37% | +0.32% | +52.63% | |
| 24 | MNDY | monday.com Ltd. | 股票-科技 | 1.33% | -0.19% | +85.71% | |
| 25 | BAC | Bank Of America CORP | 股票-金融 | 1.07% | +0.03% | -9.30% | |
| 26 | RTX | Rtx CORP | 股票-工業 | 1.04% | -0.11% | — | |
| 27 | MNST | Monster Beverage CORP | 股票-非循環性消費 | 0.98% | -0.06% | — | |
| 28 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.97% | -0.15% | -9.80% | |
| 29 | NET | Cloudflare Inc - Class A | 股票-科技 | 0.97% | -0.23% | -48.48% | |
| 30 | PI | Impinj Inc | 股票-科技 | 0.96% | +0.11% | -25.93% | |
| 31 | FIVN | Five9 Inc | 股票-科技 | 0.95% | +0.05% | +8.82% | |
| 32 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.93% | -0.16% | -4.79% | |
| 33 | C | Citigroup Inc | 股票-金融 | 0.91% | -0.01% | -10.53% | |
| 34 | MA | Mastercard Inc - A | 股票-金融 | 0.90% | -0.17% | -33.33% | |
| 35 | TECH | Bio-techne CORP | 股票-醫療保健 | 0.83% | -0.15% | — | |
| 36 | BILL | Bill Holdings Inc | 股票-科技 | 0.81% | -0.15% | -9.38% | |
| 37 | EXK | Exact Sciences CORP | 股票-原物料 | 0.81% | — | — | |
| 38 | NKE | Nike Inc -cl B | 股票-循環性消費 | 0.79% | -0.20% | -0.92% | |
| 39 | AXP | American Express Co | 股票-金融 | 0.79% | -0.04% | -10.00% | |
| 40 | CBRE | Cbre Group Inc - A | 股票-房地產 | 0.79% | -0.14% | -1.05% | |
| 41 | TTWO | Take-two Interactive Softwre | 股票-通訊服務 | 0.78% | -0.09% | -7.32% | |
| 42 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.78% | -0.07% | +5.49% | |
| 43 | DIS | Walt Disney Co/the | 股票-通訊服務 | 0.76% | +0.12% | +4.13% | |
| 44 | TOST | Toast Inc-class A | 股票-科技 | 0.75% | +0.23% | — | |
| 45 | NTLA | Intellia Therapeutics Inc | 股票-其他 | 0.73% | +0.01% | -20.00% | |
| 46 | HON | Honeywell International Inc | 股票-工業 | 0.73% | -0.76% | EXIT | |
| 47 | PFE | Pfizer Inc | 股票-醫療保健 | 0.72% | +0.02% | +3.92% | |
| 48 | DE | Deere & Co | 股票-工業 | 0.71% | -0.17% | +7.27% | |
| 49 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.70% | -0.24% | +5.26% | |
| 50 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.66% | -0.34% | +4.23% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +1.3% | -15.18% | 減碼 |
| 2 | AMZN | Amazon.com Inc | +0.9% | -6.20% | 加碼 |
| 3 | MRVL | Marvell Technology Inc | +0.7% | -6.36% | 加碼 |
| 4 | META | Meta Platforms Inc-class A | +0.5% | -0.49% | 加碼 |
| 5 | AAPL | Apple Inc | +0.4% | +8.32% | 加碼 |
| 6 | PI | Impinj Inc | +0.4% | -25.93% | 減碼 |
| 7 | NTLA | Intellia Therapeutics Inc | +0.4% | -20.00% | 減碼 |
| 8 | C | Citigroup Inc | +0.3% | -10.53% | 加碼 |
| 9 | DIS | Walt Disney Co/the | +0.2% | +4.13% | 加碼 |
| 10 | FISV | Fiserv Inc | +0.2% | — | 加碼 |
| 11 | CRSP | CRISPR Therapeutics AG | +0.2% | -14.29% | 減碼 |
| 12 | TSLA | Tesla Inc | +0.2% | -17.12% | 減碼 |
| 13 | MU | Micron Technology Inc | +0.2% | -40.14% | 減碼 |
| 14 | ISRG | Intuitive Surgical Inc | +0.1% | +52.63% | 加碼 |
| 15 | BAC | Bank Of America CORP | +0.1% | -9.30% | 加碼 |
| 16 | BEAM | Beam Therapeutics Inc | +0.1% | — | 加碼 |
| 17 | STT | State Street CORP | +0.1% | — | 加碼 |
| 18 | PYPL | Paypal Holdings Inc | +0.1% | — | 加碼 |
| 19 | AMD | Advanced Micro Devices | +0.1% | -20.28% | 減碼 |
| 20 | GS | Goldman Sachs Group Inc | +0.1% | -9.80% | 減碼 |
| 21 | MRK | Merck & Co. Inc. | +0.1% | +4.23% | 加碼 |
| 22 | TXN | Texas Instruments Inc | +0.1% | +23.08% | 加碼 |
| 23 | AMAT | Applied Materials Inc | +0.1% | -12.38% | 減碼 |
| 24 | VRTX | Vertex Pharmaceuticals Inc | +0.1% | +75.00% | 加碼 |
| 25 | RTX | Rtx CORP | +0.1% | — | 不變 |
| 26 | PANW | Palo Alto Networks Inc | 0% | -3.30% | 加碼 |
| 27 | GOOGL | Alphabet Inc-cl A | 0% | -28.26% | 減碼 |
| 28 | HON | Honeywell International Inc | 0% | +8.33% | 加碼 |
| 29 | JPM | Jpmorgan Chase & Co | 0% | -4.79% | 減碼 |
| 30 | AXP | American Express Co | 0% | -10.00% | 不變 |
| 31 | TECH | Bio-techne CORP | 0% | — | 加碼 |
| 32 | NKE | Nike Inc -cl B | — | -0.92% | 加碼 |
| 33 | MDB | Mongodb Inc | 0% | -13.00% | 減碼 |
| 34 | CRWD | Crowdstrike Holdings Inc - A | 0% | -2.53% | 減碼 |
| 35 | FIVN | Five9 Inc | 0% | +8.82% | 加碼 |
| 36 | MCHP | Microchip Technology Inc | -0.1% | — | 減碼 |
| 37 | ADI | Analog Devices Inc | -0.1% | -8.25% | 減碼 |
| 38 | HUBS | Hubspot Inc | -0.2% | +20.00% | 加碼 |
| 39 | ADBE | Adobe Inc | -0.2% | +19.84% | 加碼 |
| 40 | SNOW | Snowflake Inc | -0.2% | -21.43% | 減碼 |
| 41 | NOW | Servicenow Inc | -0.2% | +8.33% | 減碼 |
| 42 | MSFT | Microsoft CORP | -0.5% | -16.36% | 減碼 |
| 43 | MA | Mastercard Inc - A | -0.6% | -33.33% | 減碼 |
| 44 | NET | Cloudflare Inc - Class A | -0.7% | -48.48% | 減碼 |
| 45 | BSX | Boston Scientific CORP | -1% | -9.09% | 減碼 |
| 46 | MNDY | monday.com Ltd. | — | NEW | 新建倉 |
| 47 | ENPH | Enphase Energy Inc | — | EXIT | 清倉 |
| 48 | ZS | Zscaler Inc | — | EXIT | 清倉 |
| 49 | IBM | Intl Business Machines CORP | — | EXIT | 清倉 |
| 50 | ABX | Barrick Gold CORP | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Generali Investments Towarzystwo Funduszy Inwestycyjnych 在 Q3 2025 季度的美股持倉總市值約為 US$2.5億，共申報了 142 個公開持股部位。
在 Q3 2025 季度，Generali Investments Towarzystwo Funduszy Inwestycyjnych 按市值排列的前三大核心持股分別為：MSFT (5.0%)、NVDA (4.7%)、GOOGL (4.2%)。其中最大持股部位 MSFT 佔據整體投資組合約 5.0% 的權重。
在 Q3 2025 季度中，Generali Investments Towarzystwo Funduszy Inwestycyjnych 共進行了 48 項持倉異動，包含新建倉 1 個部位、加碼 22 個部位、減碼 21 個部位以及清倉 4 個部位。 其中最大新建倉標的為 MNDY。 本季清倉部位包含 ENPH。
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。
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。
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。