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
251 檔
20.1%
根據最新整理的 13F 季度數據集，Heritage Investors Management CORP 於 Q3 2025 結束時的管理資產規模為 US$36.1億。該機構在本季度申報了 251 檔美股持倉，呈現出該時期的主要投資地圖。
在 Q3 2025，Heritage Investors Management CORP 展現出較為審慎的避險與獲利了結姿態。本季共減碼 34 個部位並完全清倉 1 檔持股，調降曝險的部位數量高於加碼動作。
整體而言，Heritage Investors Management CORP 的前 5 大持股（包含 AAPL, AVGO, MSFT）貢獻了組合市值的 20.1%，形成該機構在 Q3 2025 季度的基本面基石。
僅顯示前 200 大持股（共 251 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 | AAPL | Apple Inc | 股票-科技 | 5.46% | +0.06% | -1.29% | |
| 2 | AVGO | Broadcom Inc | 股票-科技 | 5.32% | +0.27% | -4.68% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 4.53% | -0.29% | -0.36% | |
| 4 | PANW | Palo Alto Networks Inc | 股票-科技 | 3.44% | +2.43% | -0.28% | |
| 5 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 2.98% | +0.31% | -2.93% | |
| 6 | NVDA | Nvidia CORP | 股票-科技 | 2.80% | +0.09% | -1.91% | |
| 7 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 2.79% | +0.25% | -3.04% | |
| 8 | MA | Mastercard Inc - A | 股票-金融 | 2.19% | -0.12% | -1.21% | |
| 9 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.16% | +0.06% | +0.32% | |
| 10 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.84% | -0.02% | -4.43% | |
| 11 | MAR | Marriott International -cl A | 股票-循環性消費 | 1.81% | +0.03% | -0.16% | |
| 12 | CAT | Caterpillar Inc | 股票-工業 | 1.79% | +0.58% | -3.85% | |
| 13 | HD | Home Depot Inc | 股票-循環性消費 | 1.66% | — | -0.25% | |
| 14 | AXP | American Express Co | 股票-金融 | 1.58% | — | -3.13% | |
| 15 | WMT | Walmart Inc | 股票-非循環性消費 | 1.53% | -0.32% | -3.38% | |
| 16 | DIS | Walt Disney Co/the | 股票-通訊服務 | 1.39% | -0.12% | -0.16% | |
| 17 | BLK | Blackrock Inc | 股票-金融 | 1.36% | -0.10% | -1.76% | |
| 18 | GS | Goldman Sachs Group Inc | 股票-金融 | 1.36% | +0.06% | -6.10% | |
| 19 | CSCO | Cisco Systems Inc | 股票-科技 | 1.33% | +0.52% | -0.56% | |
| 20 | CRM | Salesforce Inc | 股票-科技 | 1.33% | -0.24% | +3.08% | |
| 21 | RTX | Rtx CORP | 股票-工業 | 1.24% | -0.17% | -4.08% | |
| 22 | MLM | Martin Marietta Materials | 股票-原物料 | 1.21% | -0.10% | -2.01% | |
| 23 | BAC | Bank Of America CORP | 股票-金融 | 1.13% | +0.02% | +0.11% | |
| 24 | VB | Vanguard Small-cap ETF | ETF-其他 | 1.10% | -0.02% | -0.63% | |
| 25 | MS | Morgan Stanley | 股票-金融 | 1.10% | +0.10% | -5.87% | |
| 26 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.96% | -0.11% | -1.37% | |
| 27 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.95% | -0.19% | +0.03% | |
| 28 | COF | Capital One Financial CORP | 股票-金融 | 0.93% | — | -5.33% | |
| 29 | C | Citigroup Inc | 股票-金融 | 0.92% | +0.04% | -3.51% | |
| 30 | SYF | Synchrony Financial | 股票-金融 | 0.90% | -0.03% | -6.23% | |
| 31 | MDY | State Street Spdr S&p Midcap | ETF-其他 | 0.90% | -0.03% | -0.78% | |
| 32 | ZTS | Zoetis Inc | 股票-醫療保健 | 0.88% | -0.34% | +1.90% | |
| 33 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.83% | -0.08% | +0.23% | |
| 34 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 0.82% | -0.04% | +0.31% | |
| 35 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.82% | +0.26% | +0.34% | |
| 36 | NOW | Servicenow Inc | 股票-科技 | 0.82% | -0.02% | +13.13% | |
| 37 | NKE | Nike Inc -cl B | 股票-循環性消費 | 0.76% | -0.20% | -0.72% | |
| 38 | CVX | Chevron CORP | 股票-能源 | 0.74% | -0.28% | -1.28% | |
| 39 | FDX | Fedex CORP | 股票-工業 | 0.73% | -0.23% | +1.57% | |
| 40 | BA | Boeing Co/the | 股票-工業 | 0.73% | -0.04% | -1.80% | |
| 41 | EQIX | Equinix Inc | 股票-房地產 | 0.70% | -0.03% | +3.16% | |
| 42 | ADBE | Adobe Inc | 股票-科技 | 0.69% | -0.16% | +3.59% | |
| 43 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.67% | +0.01% | -0.41% | |
| 44 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.66% | -0.10% | +4.89% | |
| 45 | PEP | Pepsico Inc | 股票-非循環性消費 | 0.66% | -0.15% | +2.78% | |
| 46 | AMT | American Tower CORP | 股票-房地產 | 0.65% | -0.08% | +4.76% | |
| 47 | ADP | Automatic Data Processing | 股票-科技 | 0.61% | -0.01% | -1.22% | |
| 48 | STZ | Constellation Brands Inc-a | 股票-非循環性消費 | 0.60% | -0.10% | +2.03% | |
| 49 | LDOS | Leidos Holdings Inc | 股票-科技 | 0.60% | -0.19% | -0.37% | |
| 50 | IQV | Iqvia Holdings Inc | 股票-醫療保健 | 0.59% | +0.02% | -0.44% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | AVGO | Broadcom Inc | +1.9% | -4.68% | 減碼 |
| 2 | NVDA | Nvidia CORP | +0.9% | -1.91% | 減碼 |
| 3 | GOOGL | Alphabet Inc-cl A | +0.7% | -2.93% | 減碼 |
| 4 | GOOG | Alphabet Inc-cl C | +0.7% | -3.04% | 減碼 |
| 5 | MSFT | Microsoft CORP | +0.6% | -0.36% | 減碼 |
| 6 | CAT | Caterpillar Inc | +0.3% | -3.85% | 減碼 |
| 7 | GS | Goldman Sachs Group Inc | +0.2% | -6.10% | 減碼 |
| 8 | LLY | Eli Lilly & Co | +0.2% | +640.28% | 加碼 |
| 9 | C | Citigroup Inc | +0.1% | -3.51% | 減碼 |
| 10 | MLM | Martin Marietta Materials | +0.1% | -2.01% | 減碼 |
| 11 | NOW | Servicenow Inc | +0.1% | +13.13% | 加碼 |
| 12 | LDOS | Leidos Holdings Inc | +0.1% | -0.37% | 減碼 |
| 13 | INTC | Intel CORP | +0.1% | -2.79% | 減碼 |
| 14 | DDOG | Datadog Inc - Class A | +0.1% | +4.63% | 加碼 |
| 15 | JPM | Jpmorgan Chase & Co | +0.1% | -4.43% | 減碼 |
| 16 | MS | Morgan Stanley | +0.1% | -5.87% | 減碼 |
| 17 | COF | Capital One Financial CORP | +0.1% | -5.33% | 加碼 |
| 18 | BLK | Blackrock Inc | +0.1% | -1.76% | 減碼 |
| 19 | BAC | Bank Of America CORP | +0.1% | +0.11% | 減碼 |
| 20 | META | Meta Platforms Inc-class A | +0.1% | -0.41% | 加碼 |
| 21 | AXP | American Express Co | +0.1% | -3.13% | 減碼 |
| 22 | SYF | Synchrony Financial | +0.1% | -6.23% | 減碼 |
| 23 | HAL | Halliburton Co | +0.1% | -0.34% | 加碼 |
| 24 | LMT | Lockheed Martin CORP | +0.1% | +0.22% | 加碼 |
| 25 | LHX | L3harris Technologies Inc | +0.1% | -2.09% | 減碼 |
| 26 | RTX | Rtx CORP | 0% | -4.08% | 減碼 |
| 27 | BA | Boeing Co/the | 0% | -1.80% | 減碼 |
| 28 | PANW | Palo Alto Networks Inc | 0% | -0.28% | 減碼 |
| 29 | CSX | Csx CORP | 0% | -1.11% | 減碼 |
| 30 | DIS | Walt Disney Co/the | 0% | -0.16% | 減碼 |
| 31 | IQV | Iqvia Holdings Inc | 0% | -0.44% | 加碼 |
| 32 | AMZN | Amazon.com Inc | — | +0.32% | 減碼 |
| 33 | HD | Home Depot Inc | — | -0.25% | 加碼 |
| 34 | VB | Vanguard Small-cap ETF | 0% | -0.63% | 減碼 |
| 35 | JNJ | Johnson & Johnson | 0% | -1.37% | 減碼 |
| 36 | MDY | State Street Spdr S&p Midcap | 0% | -0.78% | 減碼 |
| 37 | WMT | Walmart Inc | -0.1% | -3.38% | 減碼 |
| 38 | MAR | Marriott International -cl A | -0.1% | -0.16% | 加碼 |
| 39 | CSCO | Cisco Systems Inc | -0.1% | -0.56% | 減碼 |
| 40 | AAPL | Apple Inc | -0.1% | -1.29% | 減碼 |
| 41 | UPS | United Parcel Service-cl B | -0.1% | -0.98% | 減碼 |
| 42 | BMY | Bristol-myers Squibb Co | -0.1% | -4.06% | 減碼 |
| 43 | ZBH | Zimmer Biomet Holdings Inc | -0.2% | -1.74% | 減碼 |
| 44 | CMG | Chipotle Mexican Grill Inc | -0.2% | +6.76% | 加碼 |
| 45 | YUMC | Yum China Holdings Inc | -0.2% | -0.99% | 減碼 |
| 46 | ZTS | Zoetis Inc | -0.2% | +1.90% | 加碼 |
| 47 | STZ | Constellation Brands Inc-a | -0.3% | +2.03% | 加碼 |
| 48 | CRM | Salesforce Inc | -0.3% | +3.08% | 加碼 |
| 49 | UNH | Unitedhealth Group Inc | -0.5% | +0.34% | 加碼 |
| 50 | DFSEUR | Discover Financial Services | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Heritage Investors Management CORP 在 Q3 2025 季度的美股持倉總市值約為 US$36.1億，共申報了 251 個公開持股部位。
在 Q3 2025 季度，Heritage Investors Management CORP 按市值排列的前三大核心持股分別為：AAPL (5.5%)、AVGO (5.3%)、MSFT (4.5%)。其中最大持股部位 AAPL 佔據整體投資組合約 5.5% 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 Q3 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 15 個部位、減碼 34 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。