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: 0001560717
申報總市值
US$91.3億
US$91.3億
1291 檔
17.3%
在 Q4 2025 申報期間，Horizon Investments, LLC（CIK: 0001560717）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$91.3億，共持有 1291 個公開申報部位。
在 Q4 2025 期間，Horizon Investments, LLC 展現了靈活的資產再平衡步調，透過出清 10 檔弱勢或達到目標價部位，將資金轉置於 18 檔新建倉標的之中。
從部位權重觀察，前 5 大標的（包含 SPYG, IDEV, NVDA）累計市值佔比達 17.3%，是驅動 Horizon Investments, LLC 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 1291 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 | SPYG | Ss Spdr P S&p 500 Growth ETF | ETF-大型股與成長 | 7.28% | +0.23% | +0.99% | |
| 2 | IDEV | Ishares Core Msci Dev Mkts | ETF-其他 | 4.03% | -0.27% | -11.49% | |
| 3 | NVDA | Nvidia CORP | 股票-科技 | 3.16% | +0.28% | -0.94% | |
| 4 | SPYV | Ss Spdr P S&p 500 Value ETF | ETF-大型股與成長 | 2.79% | -1.35% | +6.29% | |
| 5 | SPDW | Ste Str Spdr Pt Dw EU ETF | ETF-其他 | 2.70% | +0.09% | -2.28% | |
| 6 | MSFT | Microsoft CORP | 股票-科技 | 2.53% | +0.07% | -5.44% | |
| 7 | SPEM | State Street Sp Ptf Em ETF | ETF-其他 | 2.39% | -0.26% | -3.52% | |
| 8 | SPAB | Ss Spdr P Agg Bond ETF | ETF-其他 | 2.31% | -0.62% | +1.55% | |
| 9 | AAPL | Apple Inc | 股票-科技 | 2.10% | +0.05% | +15.02% | |
| 10 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 2.01% | +0.51% | -9.19% | |
| 11 | RSP | Invesco S&p 500 Equal Weight | ETF-大型股與成長 | 1.91% | +0.18% | +0.23% | |
| 12 | MAGS | Roundhill Magnificent Seven | ETF-其他 | 1.78% | +0.32% | +292.66% | |
| 13 | AVGO | Broadcom Inc | 股票-科技 | 1.61% | +0.15% | -1.09% | |
| 14 | USMV | Ishares Msci USA Min Vol Fac | ETF-其他 | 1.42% | -0.35% | -1.32% | |
| 15 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.13% | +0.13% | -14.65% | |
| 16 | IEMG | Ishares Core Msci Emerging | ETF-新興市場 | 0.89% | +0.18% | -10.79% | |
| 17 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.88% | -0.05% | -36.76% | |
| 18 | PYLD | Pimco Multisector Bond Actv | ETF-其他 | 0.79% | +0.03% | +2.53% | |
| 19 | QUAL | Ishares Msci USA Quality Fac | ETF-其他 | 0.76% | +0.06% | -2.03% | |
| 20 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.75% | +0.20% | +72.94% | |
| 21 | IGIB | Ishares 5-10y Inv Grade CORP | ETF-投資等級公司債 | 0.74% | -0.02% | +1.98% | |
| 22 | AVDV | Avantis Intl S/c Value ETF | ETF-其他 | 0.71% | -0.45% | +54.59% | |
| 23 | DGRO | Ishares Core Dividend Growth | ETF-其他 | 0.70% | -0.64% | -8.57% | |
| 24 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.67% | +0.07% | +7.78% | |
| 25 | SRLN | Ss Blackstone Sr Loan ETF | ETF-其他 | 0.61% | +0.53% | +1.91% | |
| 26 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.60% | +0.02% | -3.26% | |
| 27 | MU | Micron Technology Inc | 股票-科技 | 0.56% | +0.87% | -8.19% | |
| 28 | DFAE | Dimensional Emerging Core Eq | ETF-新興市場 | 0.55% | -0.45% | +78.02% | |
| 29 | XOM | Exxon Mobil CORP | 股票-能源 | 0.55% | -0.20% | +0.46% | |
| 30 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.51% | -0.02% | -3.02% | |
| 31 | VO | Vanguard Mid-cap ETF | ETF-其他 | 0.50% | +0.37% | +10.10% | |
| 32 | TSLA | Tesla Inc | 股票-循環性消費 | 0.48% | +0.05% | -28.06% | |
| 33 | EWY | Ishares Msci South Korea ETF | ETF-其他 | 0.47% | — | +4270966.67% | |
| 34 | VEA | Vanguard Ftse Developed ETF | ETF-其他 | 0.46% | -0.38% | +11.76% | |
| 35 | BNDX | Vanguard Total Intl Bond ETF | ETF-其他 | 0.44% | +0.06% | +1.73% | |
| 36 | TOTL | Ss Doubleline Tr Tact ETF | ETF-其他 | 0.43% | -0.01% | +1.53% | |
| 37 | KBWB | Invesco Kbw Bank ETF | ETF-其他 | 0.42% | -0.02% | -8.59% | |
| 38 | WMT | Walmart Inc | 股票-非循環性消費 | 0.41% | -0.05% | -26.26% | |
| 39 | XLC | Ss Comm Select Sector Spdr | ETF-其他 | 0.40% | +0.45% | -2.57% | |
| 40 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.40% | +0.06% | +74.50% | |
| 41 | SPHY | Ss Spdr P High Yield ETF | ETF-非投資等級債 | 0.39% | +0.18% | +12.31% | |
| 42 | BAC | Bank Of America CORP | 股票-金融 | 0.39% | +0.03% | +103.36% | |
| 43 | EMB | Ishares Jp Morgan Usd Emergi | ETF-其他 | 0.39% | +0.07% | +48.84% | |
| 44 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.39% | -0.09% | -17.58% | |
| 45 | IJR | Ishares Core S&p Small-cap E | ETF-中小型股 | 0.38% | -0.25% | -1.78% | |
| 46 | TLT | Ishares 20+ Year Treasury Bd | ETF-政府公債 | 0.37% | +0.04% | +660.11% | |
| 47 | CVX | Chevron CORP | 股票-能源 | 0.37% | -0.10% | +13.84% | |
| 48 | VIG | Vanguard Dividend Apprec ETF | ETF-其他 | 0.36% | -0.48% | +0.75% | |
| 49 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.36% | — | +14.78% | |
| 50 | XLK | Ss Technology Select Sector | ETF-科技型 | 0.36% | -0.22% | +136.18% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | MAGS | Roundhill Magnificent Seven | +1.3% | +292.66% | 加碼 |
| 2 | EWY | Ishares Msci South Korea ETF | +0.5% | +4270966.67% | 加碼 |
| 3 | LLY | Eli Lilly & Co | +0.4% | +72.94% | 加碼 |
| 4 | AAPL | Apple Inc | +0.3% | +15.02% | 加碼 |
| 5 | TLT | Ishares 20+ Year Treasury Bd | +0.3% | +660.11% | 加碼 |
| 6 | AVDV | Avantis Intl S/c Value ETF | +0.3% | +54.59% | 加碼 |
| 7 | DFAE | Dimensional Emerging Core Eq | +0.2% | +78.02% | 加碼 |
| 8 | GOOGL | Alphabet Inc-cl A | +0.2% | -9.19% | 減碼 |
| 9 | BAC | Bank Of America CORP | +0.2% | +103.36% | 加碼 |
| 10 | MU | Micron Technology Inc | +0.2% | -8.19% | 減碼 |
| 11 | TSM | Taiwan Semiconductor-sp Adr | +0.2% | +166.60% | 加碼 |
| 12 | CIEN | Ciena CORP | +0.2% | +240025.00% | 加碼 |
| 13 | ABBV | Abbvie Inc | +0.2% | +74.50% | 加碼 |
| 14 | AR | Antero Resources CORP | +0.2% | +553689.55% | 加碼 |
| 15 | SPYV | Ss Spdr P S&p 500 Value ETF | +0.1% | +6.29% | 加碼 |
| 16 | EWT | Ishares Msci Taiwan ETF | +0.1% | +2191187.50% | 加碼 |
| 17 | EMB | Ishares Jp Morgan Usd Emergi | +0.1% | +48.84% | 加碼 |
| 18 | ISRG | Intuitive Surgical Inc | +0.1% | +72.79% | 加碼 |
| 19 | WY | Weyerhaeuser Co | +0.1% | +3344.38% | 加碼 |
| 20 | AXP | American Express Co | +0.1% | +93.74% | 加碼 |
| 21 | GEV | GE Vernova Inc | +0.1% | +106.11% | 加碼 |
| 22 | FCX | Freeport-mcmoran Inc | +0.1% | +88.42% | 加碼 |
| 23 | NUE | Nucor CORP | +0.1% | +572.94% | 加碼 |
| 24 | AES | Aes CORP | +0.1% | +4710.92% | 加碼 |
| 25 | COKE | Coca-cola Consolidated Inc | +0.1% | +1655666.67% | 加碼 |
| 26 | ADI | Analog Devices Inc | +0.1% | +123.45% | 加碼 |
| 27 | SW | Smurfit Westrock Plc | +0.1% | +1042.67% | 加碼 |
| 28 | RNR | RenaissanceRe Holdings Ltd. | +0.1% | +247520.00% | 加碼 |
| 29 | COST | Costco Wholesale CORP | +0.1% | +52.85% | 加碼 |
| 30 | PSX | Phillips 66 | +0.1% | +478.41% | 加碼 |
| 31 | GS | Goldman Sachs Group Inc | +0.1% | +79.16% | 加碼 |
| 32 | ROK | Rockwell Automation Inc | +0.1% | +740.35% | 加碼 |
| 33 | HII | Huntington Ingalls Industrie | +0.1% | +2886.51% | 加碼 |
| 34 | EMN | Eastman Chemical Co | +0.1% | +3022.56% | 加碼 |
| 35 | PKG | Packaging CORP Of America | +0.1% | +240.93% | 加碼 |
| 36 | TT | Trane Technologies plc | +0.1% | +115.36% | 加碼 |
| 37 | VTV | Vanguard Value ETF | +0.1% | +366.19% | 加碼 |
| 38 | SGI | Somnigroup International Inc | +0.1% | +2046900.00% | 加碼 |
| 39 | CART | Maplebear Inc | +0.1% | +263556.82% | 加碼 |
| 40 | JLL | Jones Lang Lasalle Inc | +0.1% | +78.99% | 加碼 |
| 41 | KO | Coca-cola Co/the | +0.1% | +28.49% | 加碼 |
| 42 | PLD | Prologis Inc | +0.1% | +161.01% | 加碼 |
| 43 | SF | Stifel Financial CORP | +0.1% | +146.70% | 加碼 |
| 44 | AA | Alcoa CORP | +0.1% | +88.97% | 加碼 |
| 45 | ALB | Albemarle CORP | +0.1% | -8.83% | 減碼 |
| 46 | VEA | Vanguard Ftse Developed ETF | +0.1% | +11.76% | 加碼 |
| 47 | XLK | Ss Technology Select Sector | +0.1% | +136.18% | 加碼 |
| 48 | CAT | Caterpillar Inc | +0.1% | +27.74% | 加碼 |
| 49 | UTHR | United Therapeutics CORP | +0.1% | +28.28% | 加碼 |
| 50 | FIX | Comfort Systems USA Inc | +0.1% | +21.76% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Horizon Investments, LLC 在 Q4 2025 季度的美股持倉總市值約為 US$91.3億，共申報了 1291 個公開持股部位。
在 Q4 2025 季度，Horizon Investments, LLC 按市值排列的前三大核心持股分別為：SPYG (7.3%)、IDEV (4.0%)、NVDA (3.2%)。其中最大持股部位 SPYG 佔據整體投資組合約 7.3% 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
FTI
市值: US$1077.7萬
本季最大獲利了結 / 清倉標的
IBIT
前期市值: US$3814.1萬
在 Q4 2025 季度中，Horizon Investments, LLC 共進行了 200 項持倉異動，包含新建倉 18 個部位、加碼 81 個部位、減碼 91 個部位以及清倉 10 個部位。 其中最大新建倉標的為 FTI。 本季清倉部位包含 IBIT。
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。