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: 0001426940
申報總市值
US$3.6億
US$3.6億
122 檔
15.5%
在 Q2 2025 申報期間，Horizon Investment Services, LLC（CIK: 0001426940）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$3.6億，共持有 122 個公開申報部位。
觀察 Q2 2025 的資金脈絡，Horizon Investment Services, LLC 在獲利結算 8 檔個股的同時，將資本重新部署至 12 檔新選標的，展現主動管理機構的輪動節奏。
在資產配置集中度方面，Horizon Investment Services, LLC 的前 5 大核心持股（包含 NVDA, VCSH, MSFT 等）合計佔整體申報市值的 15.5%，反映機構在主要關鍵部位上的權重分佈。
| # | 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 | NVDA | Nvidia CORP | 股票-科技 | 7.98% | -0.55% | +0.39% | |
| 2 | VCSH | Vanguard S/t CORP Bond ETF | ETF-投資等級公司債 | 4.67% | -1.42% | +2.26% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 4.36% | -0.45% | -2.47% | |
| 4 | AVGO | Broadcom Inc | 股票-科技 | 3.77% | -0.14% | -4.36% | |
| 5 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 3.65% | -0.12% | -2.63% | |
| 6 | SPHY | Ss Spdr P High Yield ETF | ETF-非投資等級債 | 3.47% | -0.77% | -4.32% | |
| 7 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.87% | -0.34% | -3.57% | |
| 8 | APP | Applovin Corp-class A | 股票-科技 | 2.83% | -0.04% | -7.05% | |
| 9 | AAPL | Apple Inc | 股票-科技 | 2.74% | -0.27% | -4.10% | |
| 10 | V | Visa Inc-class A Shares | 股票-金融 | 2.55% | -0.05% | -3.65% | |
| 11 | CB | Chubb Limited | 股票-金融 | 2.35% | -0.23% | -6.26% | |
| 12 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.26% | -0.09% | -10.37% | |
| 13 | PGR | Progressive CORP | 股票-金融 | 2.06% | -0.84% | -5.65% | |
| 14 | HIG | Hartford Insurance Group Inc | 股票-金融 | 1.83% | -1.53% | -6.60% | |
| 15 | AXP | American Express Co | 股票-金融 | 1.82% | -0.17% | -13.74% | |
| 16 | EME | Emcor Group Inc | 股票-工業 | 1.81% | -0.19% | -4.76% | |
| 17 | NTRS | Northern Trust CORP | 股票-金融 | 1.70% | +0.11% | -12.76% | |
| 18 | IDMO | Invesco S&p International De | ETF-其他 | 1.67% | -0.14% | +9.55% | |
| 19 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 1.60% | -0.15% | -0.13% | |
| 20 | MGK | Vanguard Mega Cap Growth ETF | ETF-其他 | 1.59% | -0.06% | -3.77% | |
| 21 | QCOM | Qualcomm Inc | 股票-科技 | 1.55% | — | -9.57% | |
| 22 | IWB | Ishares Russell 1000 ETF | ETF-其他 | 1.54% | -0.11% | -3.88% | |
| 23 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 1.53% | -0.82% | EXIT | |
| 24 | FIX | Comfort Systems USA Inc | 股票-工業 | 1.50% | +0.25% | -8.53% | |
| 25 | FBND | Fidelity Total Bond ETF | ETF-其他 | 1.49% | -0.29% | -5.27% | |
| 26 | DIS | Walt Disney Co/the | 股票-通訊服務 | 1.45% | — | +1.13% | |
| 27 | ESQ | Esquire Financial Holdings I | 股票-其他 | 1.45% | -0.13% | -10.32% | |
| 28 | STRL | Sterling Infrastructure Inc | 股票-工業 | 1.44% | +0.56% | +1.03% | |
| 29 | TMUS | T-mobile US Inc | 股票-通訊服務 | 1.43% | — | -10.97% | |
| 30 | PAYC | Paycom Software Inc | 股票-科技 | 1.20% | — | — | |
| 31 | AEE | Ameren Corporation | 股票-公用事業 | 1.20% | -0.12% | +8.50% | |
| 32 | VEEV | Veeva Systems Inc-class A | 股票-醫療保健 | 1.04% | — | — | |
| 33 | RMD | Resmed Inc | 股票-醫療保健 | 1.01% | -0.66% | EXIT | |
| 34 | AMAT | Applied Materials Inc | 股票-科技 | 0.94% | +0.91% | -0.96% | |
| 35 | MGV | Vanguard Mega Cap Value ETF | ETF-其他 | 0.88% | -0.08% | -5.93% | |
| 36 | UBER | Uber Technologies Inc | 股票-工業 | 0.86% | -0.02% | — | |
| 37 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.76% | +0.03% | -0.82% | |
| 38 | SPMO | Invesco S&p 500 Momentum ETF | ETF-大型股與成長 | 0.76% | +0.10% | +13.98% | |
| 39 | IMCG | Ishares Morningstar Mid-cap | ETF-其他 | 0.69% | +0.02% | -7.73% | |
| 40 | VONV | Vanguard Russell 1000 Value | ETF-其他 | 0.63% | -0.05% | — | |
| 41 | EXEL | Exelixis Inc | 股票-醫療保健 | 0.62% | — | — | |
| 42 | HALO | Halozyme Therapeutics Inc | 股票-醫療保健 | 0.62% | -0.06% | +87.07% | |
| 43 | FESM | Fidelity Enhanced Small Cap | ETF-中小型股 | 0.57% | +0.03% | -2.35% | |
| 44 | PRIM | Primoris Services CORP | 股票-工業 | 0.54% | -0.24% | -23.22% | |
| 45 | PLMR | Palomar Holdings Inc | 股票-金融 | 0.52% | — | -21.66% | |
| 46 | CPRX | Catalyst Pharmaceuticals Inc | 股票-醫療保健 | 0.49% | — | +3.11% | |
| 47 | POWL | Powell Industries Inc | 股票-工業 | 0.49% | +0.05% | -9.56% | |
| 48 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.48% | +0.44% | -1.18% | |
| 49 | IVOV | Vanguard S&p Mid-cap 400 Val | ETF-其他 | 0.48% | -0.01% | -4.48% | |
| 50 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.46% | +0.06% | NEW |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +1.9% | +0.39% | 加碼 |
| 2 | PAYC | Paycom Software Inc | +1.2% | NEW | 新建倉 |
| 3 | AVGO | Broadcom Inc | +1.1% | -4.36% | 減碼 |
| 4 | VEEV | Veeva Systems Inc-class A | +1% | NEW | 新建倉 |
| 5 | UBER | Uber Technologies Inc | +0.9% | NEW | 新建倉 |
| 6 | STRL | Sterling Infrastructure Inc | +0.7% | +1.03% | 加碼 |
| 7 | MSFT | Microsoft CORP | +0.6% | -2.47% | 減碼 |
| 8 | EXEL | Exelixis Inc | +0.6% | NEW | 新建倉 |
| 9 | APH | Amphenol Corp-cl A | +0.5% | NEW | 新建倉 |
| 10 | EVER | Everquote Inc - Class A | +0.4% | NEW | 新建倉 |
| 11 | FIX | Comfort Systems USA Inc | +0.4% | -8.53% | 減碼 |
| 12 | KLAC | Kla CORP | +0.4% | NEW | 新建倉 |
| 13 | EME | Emcor Group Inc | +0.4% | -4.76% | 減碼 |
| 14 | META | Meta Platforms Inc-class A | +0.3% | -3.57% | 減碼 |
| 15 | APP | Applovin Corp-class A | +0.3% | -7.05% | 減碼 |
| 16 | PINS | Pinterest Inc- Class A | +0.3% | NEW | 新建倉 |
| 17 | IDMO | Invesco S&p International De | +0.2% | +9.55% | 加碼 |
| 18 | BKNG | Booking Holdings Inc | +0.2% | +0.33% | 加碼 |
| 19 | DIS | Walt Disney Co/the | +0.2% | +1.13% | 加碼 |
| 20 | RMD | Resmed Inc | +0.2% | +15.83% | 加碼 |
| 21 | HALO | Halozyme Therapeutics Inc | +0.2% | +87.07% | 加碼 |
| 22 | SPMO | Invesco S&p 500 Momentum ETF | +0.2% | +13.98% | 加碼 |
| 23 | NFG | National Fuel Gas Co | +0.2% | +62.89% | 加碼 |
| 24 | TTMI | Ttm Technologies | +0.1% | NEW | 新建倉 |
| 25 | VRT | Vertiv Holdings Co-a | +0.1% | NEW | 新建倉 |
| 26 | AX | Axos Financial Inc | +0.1% | NEW | 新建倉 |
| 27 | AMAT | Applied Materials Inc | +0.1% | -0.96% | 減碼 |
| 28 | VST | Vistra CORP | +0.1% | NEW | 新建倉 |
| 29 | NRG | Nrg Energy Inc | +0.1% | -13.30% | 減碼 |
| 30 | MGK | Vanguard Mega Cap Growth ETF | +0.1% | -3.77% | 減碼 |
| 31 | ESQ | Esquire Financial Holdings I | 0% | -10.32% | 減碼 |
| 32 | NTRS | Northern Trust CORP | 0% | -12.76% | 減碼 |
| 33 | GOOGL | Alphabet Inc-cl A | 0% | -2.63% | 減碼 |
| 34 | SPY | Ss Spdr S&p 500 ETF Trust-us | 0% | -0.13% | 減碼 |
| 35 | EVRG | Evergy Inc | -0.1% | EXIT | 清倉 |
| 36 | LNTH | Lantheus Holdings Inc | -0.1% | EXIT | 清倉 |
| 37 | ARISUSD | Aris Water Solutions Inc-a | -0.2% | EXIT | 清倉 |
| 38 | TMO | Thermo Fisher Scientific Inc | -0.4% | -57.43% | 減碼 |
| 39 | VCSH | Vanguard S/t CORP Bond ETF | -0.4% | +2.26% | 加碼 |
| 40 | UNH | Unitedhealth Group Inc | -0.4% | -4.21% | 減碼 |
| 41 | EOG | Eog Resources Inc | -0.5% | EXIT | 清倉 |
| 42 | PGR | Progressive CORP | -0.5% | -5.65% | 減碼 |
| 43 | GMED | Globus Medical Inc - A | -0.5% | EXIT | 清倉 |
| 44 | CB | Chubb Limited | -0.6% | -6.26% | 減碼 |
| 45 | TMUS | T-mobile US Inc | -0.6% | -10.97% | 減碼 |
| 46 | ACIW | Aci Worldwide Inc | -0.6% | -77.66% | 減碼 |
| 47 | AAPL | Apple Inc | -0.7% | -4.10% | 減碼 |
| 48 | MWA | Mueller Water Products Inc-a | -0.8% | EXIT | 清倉 |
| 49 | DOCU | Docusign Inc | -1% | EXIT | 清倉 |
| 50 | FISV | Fiserv Inc | -2.6% | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Horizon Investment Services, LLC 在 Q2 2025 季度的美股持倉總市值約為 US$3.6億，共申報了 122 個公開持股部位。
在 Q2 2025 季度，Horizon Investment Services, LLC 按市值排列的前三大核心持股分別為：NVDA (8.0%)、VCSH (4.7%)、MSFT (4.4%)。其中最大持股部位 NVDA 佔據整體投資組合約 8.0% 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
PAYC
市值: US$274.1萬
本季最大獲利了結 / 清倉標的
FISV
前期市值: US$543.5萬
在 Q2 2025 季度中，Horizon Investment Services, LLC 共進行了 50 項持倉異動，包含新建倉 12 個部位、加碼 10 個部位、減碼 20 個部位以及清倉 8 個部位。 其中最大新建倉標的為 PAYC。 本季清倉部位包含 FISV。
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。