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: 0000937589
申報總市值
US$36.1億
US$36.1億
252 檔
17.9%
Heritage Investors Management CORP 在 Q2 2025 季度的美股部位總計估值為 US$36.1億，分散於 252 個持倉標的之中，反映其市場參與廣度與投資規模。
從 Q2 2025 申報觀察，Heritage Investors Management CORP 採取防禦導向的調倉策略，本季減碼 31 檔個股並出清 1 檔部位，顯示機構在該時期進行風險控制與流動性回收。
在資產配置集中度方面，Heritage Investors Management CORP 的前 5 大核心持股（包含 AVGO, AAPL, MSFT 等）合計佔整體申報市值的 17.9%，反映機構在主要關鍵部位上的權重分佈。
僅顯示前 200 大持股（共 252 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 | AVGO | Broadcom Inc | 股票-科技 | 4.94% | +0.27% | -5.56% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 4.71% | +0.06% | -0.59% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 4.62% | -0.29% | -3.58% | |
| 4 | PANW | Palo Alto Networks Inc | 股票-科技 | 3.67% | +2.43% | -2.70% | |
| 5 | NVDA | Nvidia CORP | 股票-科技 | 2.55% | +0.09% | -2.28% | |
| 6 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 2.35% | +0.31% | -0.33% | |
| 7 | MA | Mastercard Inc - A | 股票-金融 | 2.32% | -0.12% | -2.06% | |
| 8 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.28% | +0.06% | -0.70% | |
| 9 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 2.22% | +0.25% | -0.67% | |
| 10 | MAR | Marriott International -cl A | 股票-循環性消費 | 2.01% | +0.03% | +0.29% | |
| 11 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.87% | -0.02% | -2.05% | |
| 12 | AXP | American Express Co | 股票-金融 | 1.65% | — | -0.70% | |
| 13 | CAT | Caterpillar Inc | 股票-工業 | 1.60% | +0.58% | +1.12% | |
| 14 | HD | Home Depot Inc | 股票-循環性消費 | 1.60% | — | +4.20% | |
| 15 | WMT | Walmart Inc | 股票-非循環性消費 | 1.59% | -0.32% | -1.89% | |
| 16 | DIS | Walt Disney Co/the | 股票-通訊服務 | 1.59% | -0.12% | +0.11% | |
| 17 | CRM | Salesforce Inc | 股票-科技 | 1.56% | -0.24% | +2.40% | |
| 18 | CSCO | Cisco Systems Inc | 股票-科技 | 1.44% | +0.52% | -2.14% | |
| 19 | GS | Goldman Sachs Group Inc | 股票-金融 | 1.36% | +0.06% | -1.32% | |
| 20 | BLK | Blackrock Inc | 股票-金融 | 1.32% | -0.10% | +0.76% | |
| 21 | RTX | Rtx CORP | 股票-工業 | 1.19% | -0.17% | -2.66% | |
| 22 | MLM | Martin Marietta Materials | 股票-原物料 | 1.14% | -0.10% | -0.77% | |
| 23 | MS | Morgan Stanley | 股票-金融 | 1.10% | +0.10% | -2.34% | |
| 24 | VB | Vanguard Small-cap ETF | ETF-其他 | 1.09% | -0.02% | -0.31% | |
| 25 | BAC | Bank Of America CORP | 股票-金融 | 1.09% | +0.02% | -0.64% | |
| 26 | COF | Capital One Financial CORP | 股票-金融 | 1.04% | — | +12.88% | |
| 27 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.97% | -0.19% | -1.23% | |
| 28 | ZTS | Zoetis Inc | 股票-醫療保健 | 0.97% | -0.34% | +0.71% | |
| 29 | SYF | Synchrony Financial | 股票-金融 | 0.96% | -0.03% | -1.56% | |
| 30 | MDY | State Street Spdr S&p Midcap | ETF-其他 | 0.91% | -0.03% | -1.09% | |
| 31 | NOW | Servicenow Inc | 股票-科技 | 0.86% | -0.02% | +0.97% | |
| 32 | C | Citigroup Inc | 股票-金融 | 0.85% | +0.04% | -1.76% | |
| 33 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.85% | -0.11% | +0.08% | |
| 34 | CMG | Chipotle Mexican Grill Inc | 股票-循環性消費 | 0.83% | — | +3.85% | |
| 35 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.82% | -0.08% | +2.52% | |
| 36 | NKE | Nike Inc -cl B | 股票-循環性消費 | 0.82% | -0.20% | -2.35% | |
| 37 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.78% | +0.26% | +6.66% | |
| 38 | ADBE | Adobe Inc | 股票-科技 | 0.77% | -0.16% | +5.16% | |
| 39 | BA | Boeing Co/the | 股票-工業 | 0.76% | -0.04% | -2.16% | |
| 40 | AMT | American Tower CORP | 股票-房地產 | 0.76% | -0.08% | +0.92% | |
| 41 | STZ | Constellation Brands Inc-a | 股票-非循環性消費 | 0.76% | -0.10% | +6.23% | |
| 42 | FDX | Fedex CORP | 股票-工業 | 0.73% | -0.23% | +3.14% | |
| 43 | EQIX | Equinix Inc | 股票-房地產 | 0.73% | -0.03% | +3.30% | |
| 44 | CVX | Chevron CORP | 股票-能源 | 0.73% | -0.28% | +0.24% | |
| 45 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 0.73% | -0.04% | +9.63% | |
| 46 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.72% | -0.10% | -2.17% | |
| 47 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.71% | +0.01% | +0.94% | |
| 48 | ADP | Automatic Data Processing | 股票-科技 | 0.69% | -0.01% | -1.77% | |
| 49 | PEP | Pepsico Inc | 股票-非循環性消費 | 0.64% | -0.15% | +6.86% | |
| 50 | BSX | Boston Scientific CORP | 股票-醫療保健 | 0.60% | -0.13% | -4.40% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | AVGO | Broadcom Inc | +1.5% | -5.56% | 減碼 |
| 2 | MSFT | Microsoft CORP | +0.7% | -3.58% | 減碼 |
| 3 | NVDA | Nvidia CORP | +0.6% | -2.28% | 減碼 |
| 4 | PANW | Palo Alto Networks Inc | +0.3% | -2.70% | 減碼 |
| 5 | DIS | Walt Disney Co/the | +0.2% | +0.11% | 加碼 |
| 6 | GS | Goldman Sachs Group Inc | +0.2% | -1.32% | 減碼 |
| 7 | COF | Capital One Financial CORP | +0.2% | +12.88% | 加碼 |
| 8 | NOW | Servicenow Inc | +0.2% | +0.97% | 加碼 |
| 9 | CAT | Caterpillar Inc | +0.1% | +1.12% | 加碼 |
| 10 | AXP | American Express Co | +0.1% | -0.70% | 減碼 |
| 11 | AMZN | Amazon.com Inc | +0.1% | -0.70% | 減碼 |
| 12 | JPM | Jpmorgan Chase & Co | +0.1% | -2.05% | 減碼 |
| 13 | SYF | Synchrony Financial | +0.1% | -1.56% | 減碼 |
| 14 | MAR | Marriott International -cl A | +0.1% | +0.29% | 加碼 |
| 15 | META | Meta Platforms Inc-class A | +0.1% | +0.94% | 加碼 |
| 16 | GOOGL | Alphabet Inc-cl A | +0.1% | -0.33% | 減碼 |
| 17 | DDOG | Datadog Inc - Class A | +0.1% | +20.08% | 加碼 |
| 18 | GOOG | Alphabet Inc-cl C | +0.1% | -0.67% | 減碼 |
| 19 | MS | Morgan Stanley | +0.1% | -2.34% | 減碼 |
| 20 | C | Citigroup Inc | +0.1% | -1.76% | 減碼 |
| 21 | BA | Boeing Co/the | +0.1% | -2.16% | 減碼 |
| 22 | MLM | Martin Marietta Materials | +0.1% | -0.77% | 減碼 |
| 23 | CMG | Chipotle Mexican Grill Inc | +0.1% | +3.85% | 加碼 |
| 24 | MSTR | Strategy Inc | +0.1% | -1.21% | 減碼 |
| 25 | BLK | Blackrock Inc | 0% | +0.76% | 加碼 |
| 26 | BAC | Bank Of America CORP | 0% | -0.64% | 減碼 |
| 27 | LMT | Lockheed Martin CORP | 0% | +16.46% | 加碼 |
| 28 | LDOS | Leidos Holdings Inc | 0% | -0.53% | 減碼 |
| 29 | CSCO | Cisco Systems Inc | 0% | -2.14% | 減碼 |
| 30 | IBM | Intl Business Machines CORP | 0% | -3.54% | 減碼 |
| 31 | CSX | Csx CORP | 0% | +0.40% | 加碼 |
| 32 | WMT | Walmart Inc | 0% | -1.89% | 減碼 |
| 33 | NKE | Nike Inc -cl B | — | -2.35% | 減碼 |
| 34 | RTX | Rtx CORP | 0% | -2.66% | 減碼 |
| 35 | VB | Vanguard Small-cap ETF | 0% | -0.31% | 減碼 |
| 36 | HD | Home Depot Inc | -0.1% | +4.20% | 加碼 |
| 37 | CRM | Salesforce Inc | -0.1% | +2.40% | 加碼 |
| 38 | BMY | Bristol-myers Squibb Co | -0.1% | -0.26% | 減碼 |
| 39 | AMGN | Amgen Inc | -0.1% | -0.98% | 減碼 |
| 40 | DFSEUR | Discover Financial Services | -0.1% | EXIT | 清倉 |
| 41 | TMO | Thermo Fisher Scientific Inc | -0.2% | +9.63% | 加碼 |
| 42 | JNJ | Johnson & Johnson | -0.2% | +0.08% | 加碼 |
| 43 | ZBH | Zimmer Biomet Holdings Inc | -0.2% | -2.06% | 減碼 |
| 44 | COP | Conocophillips | -0.2% | -0.23% | 減碼 |
| 45 | YUMC | Yum China Holdings Inc | -0.2% | -0.41% | 減碼 |
| 46 | MRK | Merck & Co. Inc. | -0.2% | +2.52% | 加碼 |
| 47 | MCD | Mcdonald's CORP | -0.2% | -1.23% | 減碼 |
| 48 | CVX | Chevron CORP | -0.2% | +0.24% | 加碼 |
| 49 | UNH | Unitedhealth Group Inc | -0.6% | +6.66% | 加碼 |
| 50 | AAPL | Apple Inc | -0.9% | -0.59% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Heritage Investors Management CORP 在 Q2 2025 季度的美股持倉總市值約為 US$36.1億，共申報了 252 個公開持股部位。
在 Q2 2025 季度，Heritage Investors Management CORP 按市值排列的前三大核心持股分別為：AVGO (4.9%)、AAPL (4.7%)、MSFT (4.6%)。其中最大持股部位 AVGO 佔據整體投資組合約 4.9% 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。
本季最大獲利了結 / 清倉標的
DFSEUR
前期市值: US$363.6萬
在 Q2 2025 季度中，Heritage Investors Management CORP 共進行了 50 項持倉異動，包含新建倉 0 個部位、加碼 18 個部位、減碼 31 個部位以及清倉 1 個部位。 本季清倉部位包含 DFSEUR。
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。