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: 0000860486
申報總市值
US$21.9億
US$21.9億
411 檔
22.2%
Q2 2026 季度申報顯示，Highland Capital Management, LLC 揭露的美股組合總市值為 US$21.9億，涵蓋 411 個不同之權益投資部位。
Highland Capital Management, LLC 在 Q2 2026 的調整主要集中於風險出清，清倉與減碼部位合計達 125 檔，反映機構對當前市場環境或個別公司估值採取較為保留之看法。
整體而言，Highland Capital Management, LLC 的前 5 大持股（包含 MU, AAPL, MSFT）貢獻了組合市值的 22.2%，形成該機構在 Q2 2026 季度的基本面基石。
本季最大新建倉標的
THC
市值: US$671.4萬
本季最大獲利了結 / 清倉標的
CSX
前期市值: US$495.7萬
僅顯示前 200 大持股（共 411 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 | MU | Micron Technology Inc | 股票-科技 | 5.83% | -0.29% | -18.32% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 5.02% | +1.44% | -4.18% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 4.55% | +2.48% | -8.12% | |
| 4 | AVGO | Broadcom Inc | 股票-科技 | 3.56% | -0.31% | -4.68% | |
| 5 | NVDA | Nvidia CORP | 股票-科技 | 3.45% | +0.40% | +6.64% | |
| 6 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 3.20% | -0.49% | +7.90% | |
| 7 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 2.48% | -0.59% | +9.92% | |
| 8 | JPM | Jpmorgan Chase & Co | 股票-金融 | 2.27% | -0.06% | -4.92% | |
| 9 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 2.26% | +0.01% | -5.39% | |
| 10 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.71% | +0.90% | -23.88% | |
| 11 | GS | Goldman Sachs Group Inc | 股票-金融 | 1.68% | -0.31% | -0.92% | |
| 12 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 1.56% | -0.13% | -4.26% | |
| 13 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 1.38% | +0.13% | -1.75% | |
| 14 | C | Citigroup Inc | 股票-金融 | 1.34% | -0.25% | -3.58% | |
| 15 | IWF | Ishares Russell 1000 Growth | ETF-其他 | 1.15% | -0.02% | +317.66% | |
| 16 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.02% | +0.66% | -9.33% | |
| 17 | MRVL | Marvell Technology Inc | 股票-科技 | 0.95% | -0.39% | -1.53% | |
| 18 | CRWD | Crowdstrike Holdings Inc - A | 股票-科技 | 0.93% | +0.52% | -18.80% | |
| 19 | GLW | Corning Inc | 股票-科技 | 0.91% | -0.87% | -4.72% | |
| 20 | V | Visa Inc-class A Shares | 股票-金融 | 0.88% | -0.04% | -2.86% | |
| 21 | RTX | Rtx CORP | 股票-工業 | 0.86% | -0.03% | -3.06% | |
| 22 | CSCO | Cisco Systems Inc | 股票-科技 | 0.86% | -0.09% | -0.57% | |
| 23 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 0.80% | +0.24% | +0.77% | |
| 24 | LOW | Lowe's Cos Inc | 股票-循環性消費 | 0.79% | -0.14% | -2.87% | |
| 25 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.73% | +0.02% | -0.27% | |
| 26 | CARR | Carrier Global CORP | 股票-工業 | 0.72% | -0.19% | -3.35% | |
| 27 | GEV | GE Vernova Inc | 股票-工業 | 0.69% | -0.47% | -9.50% | |
| 28 | BAC | Bank Of America CORP | 股票-金融 | 0.69% | -0.05% | -0.90% | |
| 29 | NEM | Newmont CORP | 股票-原物料 | 0.67% | +0.14% | -0.66% | |
| 30 | CAT | Caterpillar Inc | 股票-工業 | 0.67% | -0.38% | +9.70% | |
| 31 | IEFA | Ishares Core Msci Eafe ETF | ETF-其他 | 0.63% | — | +0.85% | |
| 32 | PWR | Quanta Services Inc | 股票-工業 | 0.63% | -0.07% | -11.71% | |
| 33 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.62% | -0.02% | -1.66% | |
| 34 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.60% | -0.16% | +65.30% | |
| 35 | VTI | Vanguard Total Stock Mkt ETF | ETF-其他 | 0.60% | — | -0.44% | |
| 36 | FDX | Fedex CORP | 股票-工業 | 0.59% | -0.06% | -10.02% | |
| 37 | TTWO | Take-two Interactive Softwre | 股票-通訊服務 | 0.54% | -0.10% | -12.98% | |
| 38 | COP | Conocophillips | 股票-能源 | 0.54% | +0.10% | +3.23% | |
| 39 | BA | Boeing Co/the | 股票-工業 | 0.51% | -0.08% | +1.90% | |
| 40 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.51% | -0.01% | -1.92% | |
| 41 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.50% | -0.12% | -1.86% | |
| 42 | JLL | Jones Lang Lasalle Inc | 股票-房地產 | 0.49% | -0.10% | -0.45% | |
| 43 | QCOM | Qualcomm Inc | 股票-科技 | 0.48% | — | -2.45% | |
| 44 | SPGI | S&p Global Inc | 股票-金融 | 0.48% | -0.02% | +3.21% | |
| 45 | UBER | Uber Technologies Inc | 股票-工業 | 0.48% | -0.09% | +19.06% | |
| 46 | WMT | Walmart Inc | 股票-非循環性消費 | 0.46% | -0.05% | -21.07% | |
| 47 | ROKU | Roku Inc | 股票-通訊服務 | 0.46% | -0.14% | -0.52% | |
| 48 | AXP | American Express Co | 股票-金融 | 0.45% | +0.05% | -0.34% | |
| 49 | GPC | Genuine Parts Co | 股票-循環性消費 | 0.45% | +0.02% | +14.00% | |
| 50 | AMD | Advanced Micro Devices | 股票-科技 | 0.45% | +0.10% | +16.13% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | MU | Micron Technology Inc | +3.4% | -18.32% | 減碼 |
| 2 | MRVL | Marvell Technology Inc | +0.6% | -1.53% | 減碼 |
| 3 | GOOGL | Alphabet Inc-cl A | +0.5% | +7.90% | 加碼 |
| 4 | GOOG | Alphabet Inc-cl C | +0.4% | +9.92% | 加碼 |
| 5 | GLW | Corning Inc | +0.3% | -4.72% | 減碼 |
| 6 | THC | Tenet Healthcare CORP | +0.3% | NEW | 新建倉 |
| 7 | AMD | Advanced Micro Devices | +0.3% | +16.13% | 加碼 |
| 8 | AYI | Acuity Inc | +0.3% | NEW | 新建倉 |
| 9 | PFGC | Performance Food Group Co | +0.3% | +1056.30% | 加碼 |
| 10 | LLY | Eli Lilly & Co | +0.3% | +65.30% | 加碼 |
| 11 | ELAN | Elanco Animal Health Inc | +0.3% | NEW | 新建倉 |
| 12 | CRWD | Crowdstrike Holdings Inc - A | +0.3% | -18.80% | 減碼 |
| 13 | INGR | Ingredion Inc | +0.2% | NEW | 新建倉 |
| 14 | CAT | Caterpillar Inc | +0.2% | +9.70% | 加碼 |
| 15 | ALAB | Astera Labs Inc | +0.2% | +149.40% | 加碼 |
| 16 | NVDA | Nvidia CORP | +0.2% | +6.64% | 加碼 |
| 17 | CSCO | Cisco Systems Inc | +0.2% | -0.57% | 減碼 |
| 18 | UNH | Unitedhealth Group Inc | +0.2% | +80.79% | 加碼 |
| 19 | AMAT | Applied Materials Inc | +0.2% | +15.53% | 加碼 |
| 20 | DELL | Dell Technologies -c | +0.2% | +133.94% | 加碼 |
| 21 | DDOG | Datadog Inc - Class A | +0.2% | +79.19% | 加碼 |
| 22 | BKNG | Booking Holdings Inc | +0.2% | NEW | 新建倉 |
| 23 | TXN | Texas Instruments Inc | +0.2% | +337.91% | 加碼 |
| 24 | LRCX | Lam Research CORP | +0.1% | -10.40% | 減碼 |
| 25 | ✓ | +0.1% | NEW | 新建倉 | |
| 26 | SNOW | Snowflake Inc | +0.1% | NEW | 新建倉 |
| 27 | JBL | Jabil Inc | +0.1% | +143.51% | 加碼 |
| 28 | BNY | Bank Of New York Mellon CORP | +0.1% | NEW | 新建倉 |
| 29 | COKE | Coca-cola Consolidated Inc | +0.1% | NEW | 新建倉 |
| 30 | ROKU | Roku Inc | +0.1% | -0.52% | 減碼 |
| 31 | KLAC | Kla CORP | +0.1% | +819.75% | 加碼 |
| 32 | DV | Doubleverify Holdings Inc | +0.1% | NEW | 新建倉 |
| 33 | DINO | Hf Sinclair CORP | +0.1% | +290.33% | 加碼 |
| 34 | NXST | Nexstar Media Group Inc | +0.1% | NEW | 新建倉 |
| 35 | RBRK | Rubrik Inc-a | +0.1% | NEW | 新建倉 |
| 36 | TAP | Molson Coors Beverage Co - B | +0.1% | +107.88% | 加碼 |
| 37 | MA | Mastercard Inc - A | +0.1% | +431.01% | 加碼 |
| 38 | STM | Stmicroelectronics Nv-ny Shs | +0.1% | -0.18% | 減碼 |
| 39 | PCTY | Paylocity Holding CORP | +0.1% | NEW | 新建倉 |
| 40 | QCOM | Qualcomm Inc | +0.1% | -2.45% | 減碼 |
| 41 | TKR | Timken Co | +0.1% | -0.22% | 減碼 |
| 42 | DAR | Darling Ingredients Inc | +0.1% | NEW | 新建倉 |
| 43 | GE | General Electric | +0.1% | +2.36% | 加碼 |
| 44 | IWF | Ishares Russell 1000 Growth | +0.1% | +317.66% | 加碼 |
| 45 | CARR | Carrier Global CORP | +0.1% | -3.35% | 減碼 |
| 46 | TSM | Taiwan Semiconductor-sp Adr | +0.1% | — | 不變 |
| 47 | ET | Energy Transfer LP | +0.1% | NEW | 新建倉 |
| 48 | GS | Goldman Sachs Group Inc | +0.1% | -0.92% | 減碼 |
| 49 | C | Citigroup Inc | +0.1% | -3.58% | 減碼 |
| 50 | DAL | Delta Air Lines Inc | +0.1% | -6.83% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Highland Capital Management, LLC 在 Q2 2026 季度的美股持倉總市值約為 US$21.9億，共申報了 411 個公開持股部位。
在 Q2 2026 季度，Highland Capital Management, LLC 按市值排列的前三大核心持股分別為：MU (5.8%)、AAPL (5.0%)、MSFT (4.5%)。其中最大持股部位 MU 佔據整體投資組合約 5.8% 的權重。
在 Q2 2026 季度中，Highland Capital Management, LLC 共進行了 197 項持倉異動，包含新建倉 28 個部位、加碼 44 個部位、減碼 90 個部位以及清倉 35 個部位。 其中最大新建倉標的為 THC。 本季清倉部位包含 CSX。
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。