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
139 檔
20.5%
Horizon Investment Services, LLC 在 Q4 2025 季度的美股部位總計估值為 US$3.6億，分散於 139 個持倉標的之中，反映其市場參與廣度與投資規模。
在 Q4 2025 期間，Horizon Investment Services, LLC 展現了靈活的資產再平衡步調，透過出清 7 檔弱勢或達到目標價部位，將資金轉置於 12 檔新建倉標的之中。
從部位權重觀察，前 5 大標的（包含 NVDA, VCSH, GOOGL）累計市值佔比達 20.5%，是驅動 Horizon Investment Services, LLC 該季度整體投資組合績效表現的核心支柱。
| # | 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 | 7.61% | -0.55% | +0.97% | |
| 2 | VCSH | Vanguard S/t CORP Bond ETF | ETF-投資等級公司債 | 5.80% | -1.42% | +12.68% | |
| 3 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 5.32% | -0.12% | -1.84% | |
| 4 | APP | Applovin Corp-class A | 股票-科技 | 3.92% | -0.04% | -10.50% | |
| 5 | AVGO | Broadcom Inc | 股票-科技 | 3.82% | -0.14% | -3.82% | |
| 6 | MSFT | Microsoft CORP | 股票-科技 | 3.54% | -0.45% | -0.06% | |
| 7 | AAPL | Apple Inc | 股票-科技 | 3.02% | -0.27% | -0.66% | |
| 8 | SPHY | Ss Spdr P High Yield ETF | ETF-非投資等級債 | 2.99% | -0.77% | -1.09% | |
| 9 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.16% | -0.09% | +4.21% | |
| 10 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.14% | -0.34% | -0.12% | |
| 11 | V | Visa Inc-class A Shares | 股票-金融 | 2.07% | -0.05% | -2.27% | |
| 12 | APH | Amphenol Corp-cl A | 股票-科技 | 1.93% | +0.20% | +0.78% | |
| 13 | FIX | Comfort Systems USA Inc | 股票-工業 | 1.85% | +0.25% | -8.00% | |
| 14 | EME | Emcor Group Inc | 股票-工業 | 1.72% | -0.19% | -3.16% | |
| 15 | AXP | American Express Co | 股票-金融 | 1.72% | -0.17% | +4.39% | |
| 16 | HIG | Hartford Insurance Group Inc | 股票-金融 | 1.70% | -1.53% | +0.09% | |
| 17 | IDMO | Invesco S&p International De | ETF-其他 | 1.69% | -0.14% | +3.71% | |
| 18 | MU | Micron Technology Inc | 股票-科技 | 1.51% | +2.81% | — | |
| 19 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 1.48% | -0.15% | +0.03% | |
| 20 | MGK | Vanguard Mega Cap Growth ETF | ETF-其他 | 1.47% | -0.06% | -0.17% | |
| 21 | NTRS | Northern Trust CORP | 股票-金融 | 1.45% | +0.11% | -2.36% | |
| 22 | STRL | Sterling Infrastructure Inc | 股票-工業 | 1.40% | +0.56% | -8.16% | |
| 23 | IWB | Ishares Russell 1000 ETF | ETF-其他 | 1.39% | -0.11% | +0.07% | |
| 24 | ESQ | Esquire Financial Holdings I | 股票-其他 | 1.32% | -0.13% | -1.62% | |
| 25 | FBND | Fidelity Total Bond ETF | ETF-其他 | 1.28% | -0.29% | +4.33% | |
| 26 | PGR | Progressive CORP | 股票-金融 | 1.25% | -0.84% | -9.00% | |
| 27 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 1.16% | -0.82% | EXIT | |
| 28 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.13% | +0.03% | -0.68% | |
| 29 | AMAT | Applied Materials Inc | 股票-科技 | 1.12% | +0.91% | -0.02% | |
| 30 | TEL | TE Connectivity plc | 股票-科技 | 1.08% | -0.35% | — | |
| 31 | DIS | Walt Disney Co/the | 股票-通訊服務 | 1.06% | — | -8.08% | |
| 32 | KLAC | Kla CORP | 股票-科技 | 1.00% | +0.82% | +4.36% | |
| 33 | GD | General Dynamics CORP | 股票-工業 | 0.97% | — | — | |
| 34 | COF | Capital One Financial CORP | 股票-金融 | 0.94% | — | +189.69% | |
| 35 | SCHW | Schwab (charles) CORP | 股票-金融 | 0.90% | -0.85% | EXIT | |
| 36 | MGV | Vanguard Mega Cap Value ETF | ETF-其他 | 0.79% | -0.08% | +0.87% | |
| 37 | HALO | Halozyme Therapeutics Inc | 股票-醫療保健 | 0.74% | -0.06% | +1.39% | |
| 38 | RMD | Resmed Inc | 股票-醫療保健 | 0.72% | -0.66% | EXIT | |
| 39 | TTMI | Ttm Technologies | 股票-科技 | 0.70% | +0.05% | +2.20% | |
| 40 | AEE | Ameren Corporation | 股票-公用事業 | 0.69% | -0.12% | +0.29% | |
| 41 | SPMO | Invesco S&p 500 Momentum ETF | ETF-大型股與成長 | 0.69% | +0.10% | +2.31% | |
| 42 | UBER | Uber Technologies Inc | 股票-工業 | 0.68% | -0.02% | -14.68% | |
| 43 | PRIM | Primoris Services CORP | 股票-工業 | 0.66% | -0.24% | -6.33% | |
| 44 | FESM | Fidelity Enhanced Small Cap | ETF-中小型股 | 0.64% | +0.03% | +4.87% | |
| 45 | VEEV | Veeva Systems Inc-class A | 股票-醫療保健 | 0.61% | — | -25.99% | |
| 46 | IMCG | Ishares Morningstar Mid-cap | ETF-其他 | 0.58% | +0.02% | +1.64% | |
| 47 | GMED | Globus Medical Inc - A | 股票-醫療保健 | 0.55% | -0.17% | — | |
| 48 | VONV | Vanguard Russell 1000 Value | ETF-其他 | 0.53% | -0.05% | -5.90% | |
| 49 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.52% | +0.44% | -7.81% | |
| 50 | TSLA | Tesla Inc | 股票-循環性消費 | 0.48% | -0.03% | -2.53% |
| # | 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 | +0.9% | -1.84% | 減碼 |
| 2 | COF | Capital One Financial CORP | +0.6% | +189.69% | 加碼 |
| 3 | VCSH | Vanguard S/t CORP Bond ETF | +0.4% | +12.68% | 加碼 |
| 4 | PAHC | Phibro Animal Health Corp-a | +0.3% | +241.28% | 加碼 |
| 5 | NXT | Nextpower Inc-cl A | +0.2% | +124.82% | 加碼 |
| 6 | GOOG | Alphabet Inc-cl C | +0.2% | -0.68% | 減碼 |
| 7 | AMAT | Applied Materials Inc | +0.2% | -0.02% | 減碼 |
| 8 | AXP | American Express Co | +0.2% | +4.39% | 加碼 |
| 9 | NYT | New York Times Co-a | +0.1% | +116.61% | 加碼 |
| 10 | KLAC | Kla CORP | +0.1% | +4.36% | 加碼 |
| 11 | AMZN | Amazon.com Inc | +0.1% | +4.21% | 加碼 |
| 12 | TTMI | Ttm Technologies | +0.1% | +2.20% | 加碼 |
| 13 | LLY | Eli Lilly & Co | +0.1% | -7.81% | 減碼 |
| 14 | APH | Amphenol Corp-cl A | +0.1% | +0.78% | 加碼 |
| 15 | SCHW | Schwab (charles) CORP | +0.1% | +10.89% | 加碼 |
| 16 | AAPL | Apple Inc | 0% | -0.66% | 減碼 |
| 17 | IDMO | Invesco S&p International De | 0% | +3.71% | 加碼 |
| 18 | AX | Axos Financial Inc | -0.1% | -28.04% | 減碼 |
| 19 | PRIM | Primoris Services CORP | -0.2% | -6.33% | 減碼 |
| 20 | POWL | Powell Industries Inc | -0.2% | -32.55% | 減碼 |
| 21 | NFG | National Fuel Gas Co | -0.2% | -39.40% | 減碼 |
| 22 | EME | Emcor Group Inc | -0.3% | -3.16% | 減碼 |
| 23 | RMD | Resmed Inc | -0.3% | -16.14% | 減碼 |
| 24 | UBER | Uber Technologies Inc | -0.3% | -14.68% | 減碼 |
| 25 | PGR | Progressive CORP | -0.3% | -9.00% | 減碼 |
| 26 | META | Meta Platforms Inc-class A | -0.4% | -0.12% | 減碼 |
| 27 | STRL | Sterling Infrastructure Inc | -0.4% | -8.16% | 減碼 |
| 28 | MSFT | Microsoft CORP | -0.4% | -0.06% | 減碼 |
| 29 | CVSA | Covista Inc | -0.5% | -70.92% | 減碼 |
| 30 | VEEV | Veeva Systems Inc-class A | -0.6% | -25.99% | 減碼 |
| 31 | APP | Applovin Corp-class A | -1% | -10.50% | 減碼 |
| 32 | MU | Micron Technology Inc | — | NEW | 新建倉 |
| 33 | TMUS | T-mobile US Inc | — | EXIT | 清倉 |
| 34 | TEL | TE Connectivity plc | — | NEW | 新建倉 |
| 35 | GD | General Dynamics CORP | — | NEW | 新建倉 |
| 36 | GMED | Globus Medical Inc - A | — | NEW | 新建倉 |
| 37 | ADT | Adt Inc | — | EXIT | 清倉 |
| 38 | ENVA | Enova International Inc | — | NEW | 新建倉 |
| 39 | PTC | Ptc Inc | — | EXIT | 清倉 |
| 40 | QLYS | Qualys Inc | — | NEW | 新建倉 |
| 41 | BRK-B | Berkshire Hathaway Inc-cl B | — | NEW | 新建倉 |
| 42 | FLS | Flowserve CORP | — | NEW | 新建倉 |
| 43 | PINS | Pinterest Inc- Class A | — | EXIT | 清倉 |
| 44 | EXEL | Exelixis Inc | — | EXIT | 清倉 |
| 45 | WTRG | Essential Utilities Inc | — | EXIT | 清倉 |
| 46 | EXPE | Expedia Group Inc | — | NEW | 新建倉 |
| 47 | BKH | Black Hills CORP | — | NEW | 新建倉 |
| 48 | AZZ | Azz Inc | — | EXIT | 清倉 |
| 49 | VMI | Valmont Industries | — | NEW | 新建倉 |
| 50 | PGNY | Progyny Inc | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Horizon Investment Services, LLC 在 Q4 2025 季度的美股持倉總市值約為 US$3.6億，共申報了 139 個公開持股部位。
在 Q4 2025 季度，Horizon Investment Services, LLC 按市值排列的前三大核心持股分別為：NVDA (7.6%)、VCSH (5.8%)、GOOGL (5.3%)。其中最大持股部位 NVDA 佔據整體投資組合約 7.6% 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
MU
市值: US$419.8萬
本季最大獲利了結 / 清倉標的
TMUS
前期市值: US$329.7萬
在 Q4 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 12 個部位、減碼 19 個部位以及清倉 7 個部位。 其中最大新建倉標的為 MU。 本季清倉部位包含 TMUS。
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。