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: 0001542265
申報總市值
US$72.5億
US$72.5億
343 檔
12.3%
Q4 2025 季度申報顯示，Gradient Investments LLC 揭露的美股組合總市值為 US$72.5億，涵蓋 343 個不同之權益投資部位。
在 Q4 2025，Gradient Investments LLC 操作展現出積極擴展與加碼意向。本季共新建倉 8 個新部位，並對 23 個既有持股進行加碼（合計增持 31 檔），相較減碼與清倉部位顯著佔優。
檢視投資組合結構，前 5 大主力部位（包含 SPYM, MSFT, NVDA）占據了總市值的 12.3%，展現出該機構在 Q4 2025 的重點資金聚焦與風險分佈特徵。
本季最大新建倉標的
BTCO
市值: US$3619.0萬
本季最大獲利了結 / 清倉標的
UBER
前期市值: US$1962.9萬
僅顯示前 200 大持股（共 343 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 | SPYM | Ste Str Spdr Pt S&p 500 ETF | ETF-大型股與成長 | 5.14% | +0.45% | +7.73% | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 2.30% | -0.26% | +4.91% | |
| 3 | NVDA | Nvidia CORP | 股票-科技 | 2.28% | +0.65% | -2.64% | |
| 4 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.23% | -0.03% | +6.36% | |
| 5 | AAPL | Apple Inc | 股票-科技 | 2.19% | +0.06% | +5.13% | |
| 6 | DMBS | Doubleline Mortgage ETF | ETF-其他 | 2.09% | -0.26% | +10.25% | |
| 7 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.98% | +0.05% | -18.74% | |
| 8 | AVDE | Avantis International Equity | ETF-其他 | 1.78% | -0.08% | +3.65% | |
| 9 | JMBS | Janus Henderson Mortg Backed | ETF-其他 | 1.62% | +0.03% | +4.13% | |
| 10 | SPDW | Ste Str Spdr Pt Dw EU ETF | ETF-其他 | 1.54% | -0.05% | +2.69% | |
| 11 | SPAB | Ss Spdr P Agg Bond ETF | ETF-其他 | 1.53% | -0.65% | -2.37% | |
| 12 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.51% | -0.11% | +11.56% | |
| 13 | GLDM | Spdr Gold Minishares Trust | ETF-避險與商品 | 1.49% | -0.68% | +10.96% | |
| 14 | SPYI | Neos S&p 500 High Income ETF | ETF-大型股與成長 | 1.49% | — | +1.84% | |
| 15 | SEPU | Allianzim US Bf15 Uncap Sep | ETF-其他 | 1.49% | +0.19% | +2.76% | |
| 16 | RECS | Columbia Resear Enh Cor ETF | ETF-其他 | 1.43% | +0.04% | +2.98% | |
| 17 | AVEM | Avantis Emerging Markets Eq | ETF-新興市場 | 1.35% | -0.06% | +3.24% | |
| 18 | GSY | Invesco Ultra Short Duration | ETF-其他 | 1.12% | -0.13% | -1.99% | |
| 19 | UYLD | Angel Oak Ultrashort Income | ETF-其他 | 1.12% | -0.13% | -1.99% | |
| 20 | IETC | Ishares U.s. Tech Independen | ETF-科技型 | 1.09% | +0.28% | +7.87% | |
| 21 | QQQM | Invesco Nasdaq 100 ETF | ETF-科技型 | 1.06% | +0.11% | +3.30% | |
| 22 | AVGO | Broadcom Inc | 股票-科技 | 1.04% | +0.16% | -12.53% | |
| 23 | GS | Goldman Sachs Group Inc | 股票-金融 | 1.02% | +0.07% | -3.00% | |
| 24 | JAAA | Janus Henderson Aaa Clo ETF | ETF-其他 | 1.01% | -0.18% | +7.96% | |
| 25 | XFIV | Bondbloxx Bbg 5 Yr US Treas | ETF-其他 | 0.99% | -0.77% | +10.97% | |
| 26 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.99% | +0.05% | +2.68% | |
| 27 | MS | Morgan Stanley | 股票-金融 | 0.93% | +0.08% | -2.17% | |
| 28 | DABS | Doubleline Asset-backed ETF | ETF-其他 | 0.89% | -0.13% | +8.66% | |
| 29 | PRFD | Pimco Pref And Cap Sec Act | ETF-其他 | 0.88% | -0.02% | +3.10% | |
| 30 | CVX | Chevron CORP | 股票-能源 | 0.82% | -0.25% | +2.76% | |
| 31 | FEBT | Allianzim US Eq Bffr10 Fb-us | ETF-其他 | 0.82% | -0.01% | +1.81% | |
| 32 | IGTR | Innovator Grad Tact Rotation | ETF-其他 | 0.76% | +0.01% | -15.74% | |
| 33 | BBBS | Bblx Bbb 1-5y CORP Bond ETF | ETF-投資等級公司債 | 0.76% | -0.13% | +11.25% | |
| 34 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.75% | +0.16% | +1.01% | |
| 35 | XLF | Ss Financial Select Sector | ETF-其他 | 0.75% | +0.08% | +4.36% | |
| 36 | MDT | Medtronic plc | 股票-醫療保健 | 0.73% | -0.10% | +3.43% | |
| 37 | WMT | Walmart Inc | 股票-非循環性消費 | 0.72% | -0.13% | -2.90% | |
| 38 | TGT | Target CORP | 股票-循環性消費 | 0.71% | -0.11% | +61.16% | |
| 39 | V | Visa Inc-class A Shares | 股票-金融 | 0.69% | +0.06% | -15.63% | |
| 40 | ABT | Abbott Laboratories | 股票-醫療保健 | 0.69% | -0.28% | +15.74% | |
| 41 | XSVN | Bondbloxx Bbg 7 Yr US Treas | ETF-其他 | 0.69% | +0.18% | +10.92% | |
| 42 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.67% | -0.14% | +1.31% | |
| 43 | XBJL | Inn US Eq Acc 9 Buff July | ETF-其他 | 0.65% | — | -2.16% | |
| 44 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.65% | -0.03% | +7.50% | |
| 45 | BIL | Ss Spdr Bb 1-3m T-bill ETF | ETF-政府公債 | 0.62% | -0.06% | +17.09% | |
| 46 | IGIB | Ishares 5-10y Inv Grade CORP | ETF-投資等級公司債 | 0.62% | -0.63% | +4.24% | |
| 47 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.62% | -0.14% | +1.62% | |
| 48 | XTRE | Bondbloxx Bbg 3y US Tsy ETF | ETF-其他 | 0.61% | -0.70% | +11.24% | |
| 49 | DDTL | Invtr Eq D Di 10 B ETF - Jul | ETF-其他 | 0.60% | -0.60% | EXIT | |
| 50 | ETN | Eaton Corporation plc | 股票-工業 | 0.60% | +0.07% | +9.24% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | LLY | Eli Lilly & Co | +0.3% | +2351.38% | 加碼 |
| 2 | CTAS | Cintas CORP | +0.3% | +9549.38% | 加碼 |
| 3 | TGT | Target CORP | +0.3% | +61.16% | 加碼 |
| 4 | KEY | Keycorp | +0.3% | +797.89% | 加碼 |
| 5 | JEF | Jefferies Financial Group In | +0.3% | +807.14% | 加碼 |
| 6 | AZNN | Astrazeneca Plc-spons Adr | +0.3% | +1098.86% | 加碼 |
| 7 | C | Citigroup Inc | +0.3% | +564.54% | 加碼 |
| 8 | SPYM | Ste Str Spdr Pt S&p 500 ETF | +0.2% | +7.73% | 加碼 |
| 9 | GOOGL | Alphabet Inc-cl A | +0.2% | +492.72% | 加碼 |
| 10 | EIX | Edison International | +0.2% | +949.83% | 加碼 |
| 11 | GLDM | Spdr Gold Minishares Trust | +0.2% | +10.96% | 加碼 |
| 12 | CSCO | Cisco Systems Inc | +0.2% | +2018.39% | 加碼 |
| 13 | HII | Huntington Ingalls Industrie | +0.2% | +662.27% | 加碼 |
| 14 | EOG | Eog Resources Inc | +0.2% | +4333.55% | 加碼 |
| 15 | ITW | Illinois Tool Works | +0.2% | +691.28% | 加碼 |
| 16 | QCOM | Qualcomm Inc | +0.2% | +4723.21% | 加碼 |
| 17 | SIVR | Abrdn Physical Silver Shares | +0.2% | +14.89% | 加碼 |
| 18 | ASML | ASML Holding N.V. | +0.2% | +424.34% | 加碼 |
| 19 | AVUS | Avantis U.s. Equity ETF | +0.2% | +57.85% | 加碼 |
| 20 | MHO | M/i Homes Inc | +0.2% | +689.36% | 加碼 |
| 21 | AAPL | Apple Inc | +0.1% | +5.13% | 加碼 |
| 22 | AMZN | Amazon.com Inc | +0.1% | +6.36% | 加碼 |
| 23 | DMBS | Doubleline Mortgage ETF | +0.1% | +10.25% | 加碼 |
| 24 | HON | Honeywell International Inc | -0.2% | -93.24% | 減碼 |
| 25 | T | At&t Inc | -0.2% | -95.07% | 減碼 |
| 26 | JHX | James Hardie Industries plc | -0.2% | -92.03% | 減碼 |
| 27 | DIS | Walt Disney Co/the | -0.2% | -93.77% | 減碼 |
| 28 | NEE | Nextera Energy Inc | -0.2% | -39.95% | 減碼 |
| 29 | NOC | Northrop Grumman CORP | -0.3% | -98.00% | 減碼 |
| 30 | ORCL | Oracle CORP | -0.3% | -85.82% | 減碼 |
| 31 | HELO | Jpmorgan Hedged Equity ETF | -0.6% | -70.83% | 減碼 |
| 32 | BTCO | Invsco Glxy Btcn ETF | — | NEW | 新建倉 |
| 33 | TJX | Tjx Companies Inc | — | NEW | 新建倉 |
| 34 | ISRG | Intuitive Surgical Inc | — | NEW | 新建倉 |
| 35 | UBER | Uber Technologies Inc | — | EXIT | 清倉 |
| 36 | ZBH | Zimmer Biomet Holdings Inc | — | EXIT | 清倉 |
| 37 | LHX | L3harris Technologies Inc | — | EXIT | 清倉 |
| 38 | WELL | Welltower Inc | — | EXIT | 清倉 |
| 39 | UPS | United Parcel Service-cl B | — | NEW | 新建倉 |
| 40 | KHC | Kraft Heinz Co/the | — | NEW | 新建倉 |
| 41 | FLEX | Flex Ltd. | — | NEW | 新建倉 |
| 42 | PZZA | Papa John's Intl Inc | — | EXIT | 清倉 |
| 43 | CME | Cme Group Inc | — | EXIT | 清倉 |
| 44 | ICE | Intercontinental Exchange In | — | EXIT | 清倉 |
| 45 | GIS | General Mills Inc | — | EXIT | 清倉 |
| 46 | MOS | Mosaic Co/the | — | EXIT | 清倉 |
| 47 | LYB | LyondellBasell Industries N.V. | — | NEW | 新建倉 |
| 48 | MCO | Moody's CORP | — | EXIT | 清倉 |
| 49 | KLAC | Kla CORP | — | NEW | 新建倉 |
| 50 | BALL | Ball CORP | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Gradient Investments LLC 在 Q4 2025 季度的美股持倉總市值約為 US$72.5億，共申報了 343 個公開持股部位。
在 Q4 2025 季度，Gradient Investments LLC 按市值排列的前三大核心持股分別為：SPYM (5.1%)、MSFT (2.3%)、NVDA (2.3%)。其中最大持股部位 SPYM 佔據整體投資組合約 5.1% 的權重。
在 Q4 2025 季度中，Gradient Investments LLC 共進行了 50 項持倉異動，包含新建倉 8 個部位、加碼 23 個部位、減碼 8 個部位以及清倉 11 個部位。 其中最大新建倉標的為 BTCO。 本季清倉部位包含 UBER。
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。