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: 0001055969
申報總市值
US$79.3億
US$79.3億
432 檔
24.0%
在 Q4 2025 的 13F 官方備案中，Groupama Asset Managment 管理的美股投資組合規模來到 US$79.3億，整體持股檔數為 432 檔。
在 Q4 2025 期間，Groupama Asset Managment 展現了靈活的資產再平衡步調，透過出清 41 檔弱勢或達到目標價部位，將資金轉置於 36 檔新建倉標的之中。
在資產配置集中度方面，Groupama Asset Managment 的前 5 大核心持股（包含 MSFT, NVDA, AAPL 等）合計佔整體申報市值的 24.0%，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
TTE
市值: US$5279.6萬
本季最大獲利了結 / 清倉標的
RTX
前期市值: US$1.5億
僅顯示前 200 大持股（共 432 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 | 7.47% | -0.88% | -82.60% | |
| 2 | NVDA | Nvidia CORP | 股票-科技 | 6.51% | +0.42% | -1.41% | |
| 3 | AAPL | Apple Inc | 股票-科技 | 5.02% | -0.04% | -1.40% | |
| 4 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 4.44% | +0.93% | +8.72% | |
| 5 | AVGO | Broadcom Inc | 股票-科技 | 4.39% | +0.70% | -28.51% | |
| 6 | JPM | Jpmorgan Chase & Co | 股票-金融 | 3.58% | +0.12% | -2.20% | |
| 7 | MU | Micron Technology Inc | 股票-科技 | 3.23% | +2.97% | -41.87% | |
| 8 | AMZN | Amazon.com Inc | 股票-循環性消費 | 3.18% | +0.10% | -8.97% | |
| 9 | AEM | Agnico Eagle Mines LTD | 股票-原物料 | 2.82% | -1.01% | -25.00% | |
| 10 | MSI | Motorola Solutions Inc | 股票-科技 | 2.43% | -0.44% | +1.19% | |
| 11 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 2.34% | +0.16% | +12.47% | |
| 12 | PH | Parker Hannifin CORP | 股票-工業 | 2.14% | -0.09% | +0.08% | |
| 13 | WMT | Walmart Inc | 股票-非循環性消費 | 1.96% | -0.34% | +9.93% | |
| 14 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.94% | -0.18% | -5.06% | |
| 15 | BSX | Boston Scientific CORP | 股票-醫療保健 | 1.91% | -0.40% | +2.58% | |
| 16 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.53% | +0.44% | +9.34% | |
| 17 | TECK | Teck Resources Ltd-cls B | 股票-原物料 | 1.49% | -0.04% | +3.76% | |
| 18 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 1.39% | +0.19% | +8.19% | |
| 19 | XPO | Xpo Inc | 股票-工業 | 1.29% | -0.10% | -1.12% | |
| 20 | BKR | Baker Hughes Co | 股票-能源 | 1.28% | -0.46% | +32.81% | |
| 21 | TJX | Tjx Companies Inc | 股票-循環性消費 | 1.19% | -0.17% | -4.59% | |
| 22 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 1.13% | -0.06% | +59.06% | |
| 23 | GEV | GE Vernova Inc | 股票-工業 | 1.12% | +0.19% | -1.44% | |
| 24 | VRTX | Vertex Pharmaceuticals Inc | 股票-醫療保健 | 1.08% | +0.10% | +276.07% | |
| 25 | URI | United Rentals Inc | 股票-工業 | 1.00% | +0.38% | +8.80% | |
| 26 | TMUS | T-mobile US Inc | 股票-通訊服務 | 0.98% | -0.08% | +1.44% | |
| 27 | CME | Cme Group Inc | 股票-金融 | 0.92% | -0.38% | -2.25% | |
| 28 | ETR | Entergy CORP | 股票-公用事業 | 0.90% | -0.11% | +17.03% | |
| 29 | IONS | Ionis Pharmaceuticals Inc | 股票-醫療保健 | 0.89% | +0.05% | -27.77% | |
| 30 | NEE | Nextera Energy Inc | 股票-公用事業 | 0.88% | -0.15% | -62.53% | |
| 31 | ✓ | Cyberark Software LTD. Cmn | 股票-其他 | 0.85% | — | -93.89% | |
| 32 | MET | Metlife Inc | 股票-金融 | 0.84% | +0.09% | +1.24% | |
| 33 | C | Citigroup Inc | 股票-金融 | 0.82% | +0.13% | +1.64% | |
| 34 | REGN | Regeneron Pharmaceuticals | 股票-醫療保健 | 0.80% | -0.18% | +13.53% | |
| 35 | HAL | Halliburton Co | 股票-能源 | 0.80% | -0.33% | +19.88% | |
| 36 | SRE | Sempra | 股票-公用事業 | 0.78% | -0.08% | +20.89% | |
| 37 | TTE | TotalEnergies SE | 股票-其他 | 0.77% | -0.28% | — | |
| 38 | PNC | Pnc Financial Services Group | 股票-金融 | 0.76% | +0.10% | -6.16% | |
| 39 | MS | Morgan Stanley | 股票-金融 | 0.76% | +0.09% | -6.00% | |
| 40 | TSLA | Tesla Inc | 股票-循環性消費 | 0.71% | +0.01% | -7.51% | |
| 41 | PANW | Palo Alto Networks Inc | 股票-科技 | 0.65% | +0.98% | -5.54% | |
| 42 | FNV | Franco-nevada CORP | 股票-原物料 | 0.56% | -0.13% | -0.52% | |
| 43 | HON | Honeywell International Inc | 股票-工業 | 0.55% | -0.62% | EXIT | |
| 44 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.53% | +0.09% | -0.47% | |
| 45 | RACE | Ferrari N.V. | 股票-循環性消費 | 0.48% | -0.06% | -99.39% | |
| 46 | WELL | Welltower Inc | 股票-房地產 | 0.48% | +0.03% | -91.48% | |
| 47 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.47% | — | +27.32% | |
| 48 | DIS | Walt Disney Co/the | 股票-通訊服務 | 0.45% | -0.03% | -17.20% | |
| 49 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.44% | +0.02% | +8.56% | |
| 50 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.42% | -0.06% | -1.55% |
| # | 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 | +1.3% | +8.72% | 加碼 |
| 2 | VRTX | Vertex Pharmaceuticals Inc | +0.8% | +276.07% | 加碼 |
| 3 | TMO | Thermo Fisher Scientific Inc | +0.6% | +12.47% | 加碼 |
| 4 | LLY | Eli Lilly & Co | +0.5% | +9.34% | 加碼 |
| 5 | PG | Procter & Gamble Co/the | +0.4% | +59.06% | 加碼 |
| 6 | MRK | Merck & Co. Inc. | +0.4% | +8.19% | 加碼 |
| 7 | IONS | Ionis Pharmaceuticals Inc | +0.3% | -27.77% | 減碼 |
| 8 | WMT | Walmart Inc | +0.3% | +9.93% | 加碼 |
| 9 | PH | Parker Hannifin CORP | +0.3% | +0.08% | 加碼 |
| 10 | REGN | Regeneron Pharmaceuticals | +0.3% | +13.53% | 加碼 |
| 11 | AAPL | Apple Inc | +0.3% | -1.40% | 減碼 |
| 12 | BKR | Baker Hughes Co | +0.3% | +32.81% | 加碼 |
| 13 | HAL | Halliburton Co | +0.2% | +19.88% | 加碼 |
| 14 | ORCL | Oracle CORP | +0.2% | +186.53% | 加碼 |
| 15 | TECK | Teck Resources Ltd-cls B | +0.2% | +3.76% | 加碼 |
| 16 | NEE | Nextera Energy Inc | +0.1% | -62.53% | 減碼 |
| 17 | NTRA | Natera Inc | +0.1% | +19.53% | 加碼 |
| 18 | ETR | Entergy CORP | +0.1% | +17.03% | 加碼 |
| 19 | SRE | Sempra | +0.1% | +20.89% | 加碼 |
| 20 | KO | Coca-cola Co/the | +0.1% | +27.32% | 加碼 |
| 21 | GOOG | Alphabet Inc-cl C | +0.1% | +8.56% | 加碼 |
| 22 | C | Citigroup Inc | +0.1% | +1.64% | 加碼 |
| 23 | ISRG | Intuitive Surgical Inc | +0.1% | +11.67% | 加碼 |
| 24 | AGI | Alamos Gold Inc-class A | +0.1% | +43.40% | 加碼 |
| 25 | MDGL | Madrigal Pharmaceuticals Inc | +0.1% | +11.57% | 加碼 |
| 26 | CP | Canadian Pacific Kansas City | +0.1% | +124.13% | 加碼 |
| 27 | LRCX | Lam Research CORP | +0.1% | -2.96% | 減碼 |
| 28 | DHR | Danaher CORP | +0.1% | +22.57% | 加碼 |
| 29 | GEV | GE Vernova Inc | +0.1% | -1.44% | 減碼 |
| 30 | ORLA | Orla Mining LTD | +0.1% | +37.97% | 加碼 |
| 31 | XPO | Xpo Inc | +0.1% | -1.12% | 減碼 |
| 32 | WFC | Wells Fargo & Co | 0% | +15.49% | 加碼 |
| 33 | ALC | Alcon Inc. | 0% | +52.06% | 加碼 |
| 34 | WTS | Watts Water Technologies-a | 0% | +14.88% | 加碼 |
| 35 | TSM | Taiwan Semiconductor-sp Adr | 0% | +1.47% | 加碼 |
| 36 | MS | Morgan Stanley | 0% | -6.00% | 減碼 |
| 37 | SPOT | Spotify Technology S.A. | 0% | +969.66% | 加碼 |
| 38 | WPM | Wheaton Precious Metals CORP | 0% | +32.72% | 加碼 |
| 39 | MDB | Mongodb Inc | 0% | — | 不變 |
| 40 | NEM | Newmont CORP | 0% | +7.85% | 加碼 |
| 41 | CRM | Salesforce Inc | 0% | +2.14% | 加碼 |
| 42 | COST | Costco Wholesale CORP | 0% | +17.32% | 加碼 |
| 43 | HCA | Hca Healthcare Inc | 0% | -0.05% | 減碼 |
| 44 | OMC | Omnicom Group | 0% | +428.92% | 加碼 |
| 45 | INCY | Incyte CORP | 0% | +1.35% | 加碼 |
| 46 | TJX | Tjx Companies Inc | 0% | -4.59% | 減碼 |
| 47 | CSCO | Cisco Systems Inc | 0% | -1.32% | 減碼 |
| 48 | SLB | Slb LTD | 0% | -6.36% | 減碼 |
| 49 | STLA | Stellantis N.V. | 0% | +55.95% | 加碼 |
| 50 | UBS | UBS Group AG | 0% | +6.21% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Groupama Asset Managment 在 Q4 2025 季度的美股持倉總市值約為 US$79.3億，共申報了 432 個公開持股部位。
在 Q4 2025 季度，Groupama Asset Managment 按市值排列的前三大核心持股分別為：MSFT (7.5%)、NVDA (6.5%)、AAPL (5.0%)。其中最大持股部位 MSFT 佔據整體投資組合約 7.5% 的權重。
在 Q4 2025 季度中，Groupama Asset Managment 共進行了 199 項持倉異動，包含新建倉 36 個部位、加碼 52 個部位、減碼 70 個部位以及清倉 41 個部位。 其中最大新建倉標的為 TTE。 本季清倉部位包含 RTX。
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。