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
245 檔
20.8%
在 Q4 2025 申報期間，Heritage Investors Management CORP（CIK: 0000937589）向美國 SEC 提交的 Form 13F 報告顯示，其追蹤之股票投資組合總市值達 US$36.1億，共持有 245 個公開申報部位。
數據顯示 Heritage Investors Management CORP 於 Q4 2025 季度持續回收資金，對 40 個既有部位進行裁減並清倉 0 個標的，組合整體流動性比重有所上升。
從部位權重觀察，前 5 大標的（包含 AAPL, AVGO, MSFT）累計市值佔比達 20.8%，是驅動 Heritage Investors Management CORP 該季度整體投資組合績效表現的核心支柱。
僅顯示前 200 大持股（共 245 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 | 5.60% | +0.06% | -1.47% | |
| 2 | AVGO | Broadcom Inc | 股票-科技 | 5.15% | +0.27% | -5.36% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 4.11% | -0.29% | -0.25% | |
| 4 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 3.61% | +0.31% | -3.48% | |
| 5 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 3.41% | +0.25% | -2.76% | |
| 6 | PANW | Palo Alto Networks Inc | 股票-科技 | 3.01% | +2.43% | -0.81% | |
| 7 | NVDA | Nvidia CORP | 股票-科技 | 2.72% | +0.09% | -0.15% | |
| 8 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.21% | +0.06% | -0.35% | |
| 9 | MA | Mastercard Inc - A | 股票-金融 | 2.13% | -0.12% | -0.62% | |
| 10 | MAR | Marriott International -cl A | 股票-循環性消費 | 2.04% | +0.03% | -2.82% | |
| 11 | CAT | Caterpillar Inc | 股票-工業 | 2.01% | +0.58% | -3.85% | |
| 12 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.79% | -0.02% | -2.08% | |
| 13 | AXP | American Express Co | 股票-金融 | 1.67% | — | -2.36% | |
| 14 | WMT | Walmart Inc | 股票-非循環性消費 | 1.60% | -0.32% | -1.28% | |
| 15 | CRM | Salesforce Inc | 股票-科技 | 1.48% | -0.24% | +2.32% | |
| 16 | GS | Goldman Sachs Group Inc | 股票-金融 | 1.45% | +0.06% | -0.80% | |
| 17 | CSCO | Cisco Systems Inc | 股票-科技 | 1.44% | +0.52% | -1.57% | |
| 18 | HD | Home Depot Inc | 股票-循環性消費 | 1.40% | — | +1.80% | |
| 19 | DIS | Walt Disney Co/the | 股票-通訊服務 | 1.37% | -0.12% | +2.10% | |
| 20 | RTX | Rtx CORP | 股票-工業 | 1.30% | -0.17% | -1.22% | |
| 21 | BLK | Blackrock Inc | 股票-金融 | 1.22% | -0.10% | +0.10% | |
| 22 | MS | Morgan Stanley | 股票-金融 | 1.17% | +0.10% | -2.41% | |
| 23 | MLM | Martin Marietta Materials | 股票-原物料 | 1.16% | -0.10% | -0.85% | |
| 24 | BAC | Bank Of America CORP | 股票-金融 | 1.16% | +0.02% | -1.43% | |
| 25 | VB | Vanguard Small-cap ETF | ETF-其他 | 1.08% | -0.02% | -0.82% | |
| 26 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.04% | -0.11% | -0.24% | |
| 27 | COF | Capital One Financial CORP | 股票-金融 | 1.02% | — | -1.05% | |
| 28 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 1.02% | -0.08% | +0.67% | |
| 29 | SYF | Synchrony Financial | 股票-金融 | 1.02% | -0.03% | -1.69% | |
| 30 | C | Citigroup Inc | 股票-金融 | 1.01% | +0.04% | -2.75% | |
| 31 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 0.95% | -0.04% | -0.58% | |
| 32 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.93% | -0.19% | -0.71% | |
| 33 | MDY | State Street Spdr S&p Midcap | ETF-其他 | 0.88% | -0.03% | -1.17% | |
| 34 | FDX | Fedex CORP | 股票-工業 | 0.87% | -0.23% | -0.25% | |
| 35 | NOW | Servicenow Inc | 股票-科技 | 0.80% | -0.02% | +498.75% | |
| 36 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.76% | +0.26% | -1.39% | |
| 37 | ZTS | Zoetis Inc | 股票-醫療保健 | 0.75% | -0.34% | +2.30% | |
| 38 | BA | Boeing Co/the | 股票-工業 | 0.71% | -0.04% | -0.94% | |
| 39 | CVX | Chevron CORP | 股票-能源 | 0.70% | -0.28% | -0.18% | |
| 40 | EQIX | Equinix Inc | 股票-房地產 | 0.68% | -0.03% | +1.29% | |
| 41 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.68% | -0.10% | +12.37% | |
| 42 | IQV | Iqvia Holdings Inc | 股票-醫療保健 | 0.67% | +0.02% | -2.01% | |
| 43 | PEP | Pepsico Inc | 股票-非循環性消費 | 0.66% | -0.15% | -0.31% | |
| 44 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.64% | +0.01% | +9.96% | |
| 45 | NKE | Nike Inc -cl B | 股票-循環性消費 | 0.62% | -0.20% | -8.09% | |
| 46 | AMT | American Tower CORP | 股票-房地產 | 0.60% | -0.08% | +2.77% | |
| 47 | YUMC | Yum China Holdings Inc | 股票-循環性消費 | 0.57% | -0.16% | -0.96% | |
| 48 | ADBE | Adobe Inc | 股票-科技 | 0.57% | -0.16% | -14.50% | |
| 49 | CMG | Chipotle Mexican Grill Inc | 股票-循環性消費 | 0.57% | — | +6.22% | |
| 50 | ACN | Accenture plc | 股票-科技 | 0.57% | -0.20% | -5.52% |
| # | 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 | +0.6% | -3.48% | 減碼 |
| 2 | GOOG | Alphabet Inc-cl C | +0.6% | -2.76% | 減碼 |
| 3 | MAR | Marriott International -cl A | +0.2% | -2.82% | 減碼 |
| 4 | CAT | Caterpillar Inc | +0.2% | -3.85% | 減碼 |
| 5 | MRK | Merck & Co. Inc. | +0.2% | +0.67% | 加碼 |
| 6 | CRM | Salesforce Inc | +0.2% | +2.32% | 加碼 |
| 7 | AAPL | Apple Inc | +0.1% | -1.47% | 減碼 |
| 8 | FDX | Fedex CORP | +0.1% | -0.25% | 減碼 |
| 9 | TMO | Thermo Fisher Scientific Inc | +0.1% | -0.58% | 減碼 |
| 10 | SYF | Synchrony Financial | +0.1% | -1.69% | 減碼 |
| 11 | CSCO | Cisco Systems Inc | +0.1% | -1.57% | 減碼 |
| 12 | AXP | American Express Co | +0.1% | -2.36% | 減碼 |
| 13 | GS | Goldman Sachs Group Inc | +0.1% | -0.80% | 減碼 |
| 14 | COF | Capital One Financial CORP | +0.1% | -1.05% | 減碼 |
| 15 | C | Citigroup Inc | +0.1% | -2.75% | 減碼 |
| 16 | JNJ | Johnson & Johnson | +0.1% | -0.24% | 減碼 |
| 17 | IQV | Iqvia Holdings Inc | +0.1% | -2.01% | 減碼 |
| 18 | LLY | Eli Lilly & Co | +0.1% | -0.10% | 減碼 |
| 19 | WMT | Walmart Inc | +0.1% | -1.28% | 減碼 |
| 20 | MS | Morgan Stanley | +0.1% | -2.41% | 減碼 |
| 21 | RTX | Rtx CORP | +0.1% | -1.22% | 減碼 |
| 22 | AMZN | Amazon.com Inc | +0.1% | -0.35% | 減碼 |
| 23 | AMGN | Amgen Inc | +0.1% | -3.11% | 減碼 |
| 24 | NFLX | Netflix Inc | +0.1% | +2433.94% | 加碼 |
| 25 | YUMC | Yum China Holdings Inc | 0% | -0.96% | 減碼 |
| 26 | BURL | Burlington Stores Inc | 0% | +1.43% | 加碼 |
| 27 | AER | AerCap Holdings N.V. | 0% | -2.32% | 減碼 |
| 28 | EXK | Exact Sciences CORP | 0% | -17.45% | 減碼 |
| 29 | BAC | Bank Of America CORP | 0% | -1.43% | 減碼 |
| 30 | PCAR | Paccar Inc | 0% | -0.85% | 減碼 |
| 31 | INTC | Intel CORP | 0% | -0.52% | 減碼 |
| 32 | UNH | Unitedhealth Group Inc | -0.1% | -1.39% | 減碼 |
| 33 | TROW | T Rowe Price Group Inc | -0.1% | -9.31% | 減碼 |
| 34 | LDOS | Leidos Holdings Inc | -0.1% | -3.25% | 減碼 |
| 35 | PYPL | Paypal Holdings Inc | -0.1% | -13.22% | 減碼 |
| 36 | APD | Air Products & Chemicals Inc | -0.1% | -0.15% | 減碼 |
| 37 | ADP | Automatic Data Processing | -0.1% | +0.89% | 加碼 |
| 38 | ZBH | Zimmer Biomet Holdings Inc | -0.1% | -8.32% | 減碼 |
| 39 | MSTR | Strategy Inc | -0.1% | — | 不變 |
| 40 | STZ | Constellation Brands Inc-a | -0.1% | -18.38% | 減碼 |
| 41 | ADBE | Adobe Inc | -0.1% | -14.50% | 減碼 |
| 42 | CMCSA | Comcast Corp-class A | -0.1% | -26.33% | 減碼 |
| 43 | ZTS | Zoetis Inc | -0.1% | +2.30% | 加碼 |
| 44 | NKE | Nike Inc -cl B | -0.1% | -8.09% | 減碼 |
| 45 | BLK | Blackrock Inc | -0.1% | +0.10% | 加碼 |
| 46 | 6D8 | Dupont De Nemours Inc | -0.2% | -0.02% | 減碼 |
| 47 | HD | Home Depot Inc | -0.3% | +1.80% | 加碼 |
| 48 | MSFT | Microsoft CORP | -0.4% | -0.25% | 減碼 |
| 49 | PANW | Palo Alto Networks Inc | -0.4% | -0.81% | 減碼 |
| 50 | Q | Qnity Electronics Inc | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Heritage Investors Management CORP 在 Q4 2025 季度的美股持倉總市值約為 US$36.1億，共申報了 245 個公開持股部位。
在 Q4 2025 季度，Heritage Investors Management CORP 按市值排列的前三大核心持股分別為：AAPL (5.6%)、AVGO (5.2%)、MSFT (4.1%)。其中最大持股部位 AAPL 佔據整體投資組合約 5.6% 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。
本季最大新建倉標的
Q
市值: US$593.3萬
本季最大獲利了結 / 清倉標的
AAPL
前期市值: US$1.8億
在 Q4 2025 季度中，Heritage Investors Management CORP 共進行了 49 項持倉異動，包含新建倉 1 個部位、加碼 8 個部位、減碼 40 個部位以及清倉 0 個部位。 其中最大新建倉標的為 Q。
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。