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: 0001806752
申報總市值
US$3.4億
US$3.4億
88 檔
19.4%
根據最新整理的 13F 季度數據集，Hixon Zuercher, LLC 於 Q4 2025 結束時的管理資產規模為 US$3.4億。該機構在本季度申報了 88 檔美股持倉，呈現出該時期的主要投資地圖。
Hixon Zuercher, LLC 在 Q4 2025 的調整主要集中於風險出清，清倉與減碼部位合計達 33 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，Hixon Zuercher, LLC 的前 5 大持股（包含 GSIE, GSLC, JNJ）貢獻了組合市值的 19.4%，形成該機構在 Q4 2025 季度的基本面基石。
| # | 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 | GSIE | Goldman Sachs Activebeta Int | ETF-避險與商品 | 7.36% | +0.24% | -0.41% | |
| 2 | GSLC | Goldman Activebeta US Lc ETF | ETF-避險與商品 | 3.73% | +0.34% | +0.43% | |
| 3 | JNJ | Johnson & Johnson | 股票-醫療保健 | 3.11% | -0.14% | -0.50% | |
| 4 | JPM | Jpmorgan Chase & Co | 股票-金融 | 2.97% | +0.10% | +0.53% | |
| 5 | JHMM | John Hancock Multi Fact Mid | ETF-其他 | 2.88% | +0.28% | +0.27% | |
| 6 | EMGF | Ishares Emerging Markets Equ | ETF-新興市場 | 2.86% | +0.46% | -0.28% | |
| 7 | NVDA | Nvidia CORP | 股票-科技 | 2.79% | +0.69% | -3.82% | |
| 8 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 2.72% | +0.01% | +1628.80% | |
| 9 | GS | Goldman Sachs Group Inc | 股票-金融 | 2.52% | +0.22% | -1.26% | |
| 10 | MSFT | Microsoft CORP | 股票-科技 | 2.44% | +0.40% | -13.01% | |
| 11 | SYK | Stryker CORP | 股票-醫療保健 | 2.43% | -0.24% | +1.25% | |
| 12 | AAPL | Apple Inc | 股票-科技 | 2.38% | +0.13% | -18.06% | |
| 13 | NEE | Nextera Energy Inc | 股票-公用事業 | 2.37% | -0.30% | +0.57% | |
| 14 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.34% | +0.43% | -3.36% | |
| 15 | MA | Mastercard Inc - A | 股票-金融 | 2.27% | -0.05% | +0.58% | |
| 16 | XOM | Exxon Mobil CORP | 股票-能源 | 2.08% | -2.96% | EXIT | |
| 17 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 2.07% | +0.99% | -28.90% | |
| 18 | WMT | Walmart Inc | 股票-非循環性消費 | 1.82% | -0.32% | -0.32% | |
| 19 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.77% | +0.14% | +4.09% | |
| 20 | LOW | Lowe's Cos Inc | 股票-循環性消費 | 1.72% | -0.37% | +1.01% | |
| 21 | CAT | Caterpillar Inc | 股票-工業 | 1.71% | -0.17% | -8.83% | |
| 22 | WFC | Wells Fargo & Co | 股票-金融 | 1.62% | -0.76% | — | |
| 23 | HON | Honeywell International Inc | 股票-工業 | 1.60% | -1.91% | EXIT | |
| 24 | SHV | Ishares 0-1 Year Treasury Bo | ETF-政府公債 | 1.59% | -0.04% | +0.00% | |
| 25 | TLT | Ishares 20+ Year Treasury Bd | ETF-政府公債 | 1.52% | -0.05% | -2.26% | |
| 26 | PEP | Pepsico Inc | 股票-非循環性消費 | 1.51% | -0.32% | -4.46% | |
| 27 | SCHW | Schwab (charles) CORP | 股票-金融 | 1.50% | -0.11% | +0.72% | |
| 28 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.48% | -0.40% | -1.19% | |
| 29 | DELL | Dell Technologies -c | 股票-科技 | 1.45% | -0.18% | +7.08% | |
| 30 | CRM | Salesforce Inc | 股票-科技 | 1.18% | -0.21% | +2.76% | |
| 31 | JPST | Jpmorgan Ultra-short Income | ETF-其他 | 1.18% | -0.05% | -0.42% | |
| 32 | BAC | Bank Of America CORP | 股票-金融 | 1.18% | +0.14% | -2.67% | |
| 33 | AVGO | Broadcom Inc | 股票-科技 | 1.08% | +0.13% | -1.82% | |
| 34 | AMD | Advanced Micro Devices | 股票-科技 | 1.05% | +1.62% | -30.47% | |
| 35 | APH | Amphenol Corp-cl A | 股票-科技 | 0.99% | +0.28% | -1.87% | |
| 36 | CPRT | Copart Inc | 股票-工業 | 0.97% | -0.23% | -13.11% | |
| 37 | ADBE | Adobe Inc | 股票-科技 | 0.95% | -0.20% | -15.66% | |
| 38 | HCA | Hca Healthcare Inc | 股票-醫療保健 | 0.92% | -0.21% | +4.62% | |
| 39 | ABT | Abbott Laboratories | 股票-醫療保健 | 0.88% | -0.12% | -0.84% | |
| 40 | DIS | Walt Disney Co/the | 股票-通訊服務 | 0.85% | -0.01% | -0.67% | |
| 41 | BKR | Baker Hughes Co | 股票-能源 | 0.82% | -0.11% | -2.35% | |
| 42 | EW | Edwards Lifesciences CORP | 股票-醫療保健 | 0.81% | +0.04% | +3.26% | |
| 43 | DOX | Amdocs Limited | 股票-科技 | 0.79% | -0.25% | -17.15% | |
| 44 | TDG | Transdigm Group Inc | 股票-工業 | 0.79% | +0.14% | +3.39% | |
| 45 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.78% | -0.11% | -50.33% | |
| 46 | DLR | Digital Realty Trust Inc | 股票-房地產 | 0.76% | -0.08% | +3.00% | |
| 47 | CCK | Crown Holdings Inc | 股票-循環性消費 | 0.73% | +0.11% | — | |
| 48 | PLD | Prologis Inc | 股票-房地產 | 0.72% | -0.04% | -5.53% | |
| 49 | GEN | Gen Digital Inc | 股票-科技 | 0.70% | +0.11% | -27.76% | |
| 50 | MANH | Manhattan Associates Inc | 股票-科技 | 0.70% | -0.03% | -15.58% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | IVV | Ishares Core S&p 500 ETF | +2.6% | +1628.80% | 加碼 |
| 2 | JNJ | Johnson & Johnson | +0.3% | -0.50% | 減碼 |
| 3 | GSIE | Goldman Sachs Activebeta Int | +0.3% | -0.41% | 減碼 |
| 4 | GS | Goldman Sachs Group Inc | +0.2% | -1.26% | 減碼 |
| 5 | LLY | Eli Lilly & Co | +0.2% | -2.18% | 減碼 |
| 6 | CRM | Salesforce Inc | +0.2% | +2.76% | 加碼 |
| 7 | CAT | Caterpillar Inc | +0.2% | -8.83% | 減碼 |
| 8 | NEE | Nextera Energy Inc | +0.1% | +0.57% | 加碼 |
| 9 | DG | Dollar General CORP | +0.1% | +0.57% | 加碼 |
| 10 | WMT | Walmart Inc | +0.1% | -0.32% | 減碼 |
| 11 | XOM | Exxon Mobil CORP | +0.1% | -0.05% | 減碼 |
| 12 | HCA | Hca Healthcare Inc | +0.1% | +4.62% | 加碼 |
| 13 | NYT | New York Times Co-a | +0.1% | -1.53% | 減碼 |
| 14 | EW | Edwards Lifesciences CORP | +0.1% | +3.26% | 加碼 |
| 15 | SCHW | Schwab (charles) CORP | +0.1% | +0.72% | 加碼 |
| 16 | JPM | Jpmorgan Chase & Co | +0.1% | +0.53% | 加碼 |
| 17 | APD | Air Products & Chemicals Inc | -0.1% | -2.56% | 減碼 |
| 18 | BKR | Baker Hughes Co | -0.1% | -2.35% | 減碼 |
| 19 | DELL | Dell Technologies -c | -0.1% | +7.08% | 加碼 |
| 20 | AMD | Advanced Micro Devices | -0.1% | -30.47% | 減碼 |
| 21 | PFE | Pfizer Inc | -0.1% | -12.04% | 減碼 |
| 22 | SYK | Stryker CORP | -0.1% | +1.25% | 加碼 |
| 23 | SBUX | Starbucks CORP | -0.1% | -14.46% | 減碼 |
| 24 | CDW | Cdw Corp/de | -0.1% | -14.86% | 減碼 |
| 25 | AMT | American Tower CORP | -0.1% | -16.39% | 減碼 |
| 26 | OC | Owens Corning | -0.1% | -15.73% | 減碼 |
| 27 | META | Meta Platforms Inc-class A | -0.1% | +4.09% | 加碼 |
| 28 | NVDA | Nvidia CORP | -0.1% | -3.82% | 減碼 |
| 29 | NFLX | Netflix Inc | -0.2% | +868.81% | 加碼 |
| 30 | ADBE | Adobe Inc | -0.2% | -15.66% | 減碼 |
| 31 | DOX | Amdocs Limited | -0.2% | -17.15% | 減碼 |
| 32 | GOOGL | Alphabet Inc-cl A | -0.2% | -28.90% | 減碼 |
| 33 | PGR | Progressive CORP | -0.2% | -17.47% | 減碼 |
| 34 | ZTS | Zoetis Inc | -0.2% | -23.25% | 減碼 |
| 35 | MANH | Manhattan Associates Inc | -0.3% | -15.58% | 減碼 |
| 36 | CPRT | Copart Inc | -0.3% | -13.11% | 減碼 |
| 37 | GEN | Gen Digital Inc | -0.3% | -27.76% | 減碼 |
| 38 | AAPL | Apple Inc | -0.4% | -18.06% | 減碼 |
| 39 | MSFT | Microsoft CORP | -0.6% | -13.01% | 減碼 |
| 40 | ORCL | Oracle CORP | -0.6% | -66.97% | 減碼 |
| 41 | COST | Costco Wholesale CORP | -0.9% | -50.33% | 減碼 |
| 42 | WFC | Wells Fargo & Co | — | NEW | 新建倉 |
| 43 | CCK | Crown Holdings Inc | — | NEW | 新建倉 |
| 44 | PPG | Ppg Industries Inc | — | EXIT | 清倉 |
| 45 | TSLA | Tesla Inc | — | EXIT | 清倉 |
| 46 | MPC | Marathon Petroleum CORP | — | EXIT | 清倉 |
| 47 | VTI | Vanguard Total Stock Mkt ETF | — | NEW | 新建倉 |
| 48 | AGG | Ishares Core U.s. Aggregate | — | NEW | 新建倉 |
| 49 | JKHY | Jack Henry & Associates Inc | — | EXIT | 清倉 |
| 50 | VXUS | Vanguard Total Intl Stock | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Hixon Zuercher, LLC 在 Q4 2025 季度的美股持倉總市值約為 US$3.4億，共申報了 88 個公開持股部位。
在 Q4 2025 季度，Hixon Zuercher, LLC 按市值排列的前三大核心持股分別為：GSIE (7.4%)、GSLC (3.7%)、JNJ (3.1%)。其中最大持股部位 GSIE 佔據整體投資組合約 7.4% 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
WFC
市值: US$533.4萬
本季最大獲利了結 / 清倉標的
PPG
前期市值: US$211.6萬
在 Q4 2025 季度中，Hixon Zuercher, LLC 共進行了 50 項持倉異動，包含新建倉 5 個部位、加碼 12 個部位、減碼 29 個部位以及清倉 4 個部位。 其中最大新建倉標的為 WFC。 本季清倉部位包含 PPG。
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。