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: 0001541910
申報總市值
US$88.7億
US$88.7億
1151 檔
13.2%
在 Q4 2025 的 13F 官方備案中，Illinois Municipal Retirement Fund 管理的美股投資組合規模來到 US$88.7億，整體持股檔數為 1151 檔。
在 Q4 2025 期間，Illinois Municipal Retirement Fund 展現了靈活的資產再平衡步調，透過出清 13 檔弱勢或達到目標價部位，將資金轉置於 16 檔新建倉標的之中。
從部位權重觀察，前 5 大標的（包含 NVDA, AAPL, MSFT）累計市值佔比達 13.2%，是驅動 Illinois Municipal Retirement Fund 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 1151 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 | NVDA | Nvidia CORP | 股票-科技 | 3.62% | +0.07% | +0.05% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 3.57% | -0.05% | -0.55% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 3.23% | -0.34% | +3.19% | |
| 4 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 2.29% | -0.14% | +3.29% | |
| 5 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.98% | +0.10% | +0.54% | |
| 6 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.44% | -0.09% | -3.62% | |
| 7 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.29% | +0.13% | +0.34% | |
| 8 | AVGO | Broadcom Inc | 股票-科技 | 1.15% | +0.12% | +2.76% | |
| 9 | WMT | Walmart Inc | 股票-非循環性消費 | 0.92% | -0.20% | +0.59% | |
| 10 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.88% | -0.11% | -1.33% | |
| 11 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.88% | -0.06% | +13.09% | |
| 12 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.84% | -0.03% | +0.90% | |
| 13 | TSLA | Tesla Inc | 股票-循環性消費 | 0.73% | +0.03% | +4.25% | |
| 14 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.72% | -0.20% | -0.40% | |
| 15 | XOM | Exxon Mobil CORP | 股票-能源 | 0.68% | -0.11% | +3.57% | |
| 16 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.66% | +0.11% | +0.20% | |
| 17 | V | Visa Inc-class A Shares | 股票-金融 | 0.66% | -0.05% | +10.92% | |
| 18 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.62% | -0.19% | +17.63% | |
| 19 | TJX | Tjx Companies Inc | 股票-循環性消費 | 0.60% | +0.05% | +12.68% | |
| 20 | GILD | Gilead Sciences Inc | 股票-醫療保健 | 0.57% | -0.13% | +6.62% | |
| 21 | BNY | Bank Of New York Mellon CORP | 股票-金融 | 0.54% | -0.08% | +1.73% | |
| 22 | PM | Philip Morris International | 股票-非循環性消費 | 0.54% | -0.34% | -2.84% | |
| 23 | APP | Applovin Corp-class A | 股票-科技 | 0.53% | -0.08% | +1.30% | |
| 24 | QCOM | Qualcomm Inc | 股票-科技 | 0.52% | -0.01% | +19.42% | |
| 25 | T | At&t Inc | 股票-通訊服務 | 0.52% | -0.25% | +2.31% | |
| 26 | MA | Mastercard Inc - A | 股票-金融 | 0.51% | -0.09% | -0.34% | |
| 27 | VZ | Verizon Communications Inc | 股票-通訊服務 | 0.50% | -0.16% | +3.97% | |
| 28 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.48% | +0.02% | -8.75% | |
| 29 | MO | Altria Group Inc | 股票-非循環性消費 | 0.48% | -0.01% | +7.09% | |
| 30 | BMY | Bristol-myers Squibb Co | 股票-醫療保健 | 0.48% | +0.01% | -4.82% | |
| 31 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.47% | -0.08% | -19.97% | |
| 32 | CVX | Chevron CORP | 股票-能源 | 0.47% | -0.16% | +2.70% | |
| 33 | ALL | Allstate CORP | 股票-金融 | 0.45% | -0.11% | +8.23% | |
| 34 | CSCO | Cisco Systems Inc | 股票-科技 | 0.43% | +0.11% | -4.63% | |
| 35 | DUK | Duke Energy CORP | 股票-公用事業 | 0.43% | -0.09% | +25.89% | |
| 36 | KR | Kroger Co | 股票-非循環性消費 | 0.43% | -0.15% | +2.63% | |
| 37 | EA | Electronic Arts Inc | 股票-通訊服務 | 0.42% | -0.04% | -1.17% | |
| 38 | MNST | Monster Beverage CORP | 股票-非循環性消費 | 0.39% | +0.06% | +0.31% | |
| 39 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 0.39% | -0.14% | -10.50% | |
| 40 | EXPE | Expedia Group Inc | 股票-循環性消費 | 0.39% | -0.04% | +3.44% | |
| 41 | WFC | Wells Fargo & Co | 股票-金融 | 0.39% | -0.07% | -1.66% | |
| 42 | PEP | Pepsico Inc | 股票-非循環性消費 | 0.38% | +0.05% | +6.26% | |
| 43 | ORLY | O'reilly Automotive Inc | 股票-循環性消費 | 0.38% | -0.08% | +3.09% | |
| 44 | HIG | Hartford Insurance Group Inc | 股票-金融 | 0.37% | -0.11% | +3.52% | |
| 45 | ROST | Ross Stores Inc | 股票-循環性消費 | 0.37% | -0.09% | +48.36% | |
| 46 | ADSK | Autodesk Inc | 股票-科技 | 0.37% | -0.09% | +20.76% | |
| 47 | SYF | Synchrony Financial | 股票-金融 | 0.37% | -0.02% | -10.50% | |
| 48 | NFLX | Netflix Inc | 股票-通訊服務 | 0.36% | -0.16% | +916.58% | |
| 49 | ABT | Abbott Laboratories | 股票-醫療保健 | 0.35% | -0.07% | +34.53% | |
| 50 | SO | Southern Co/the | 股票-公用事業 | 0.35% | -0.07% | +6.08% |
| # | 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 | +0.5% | +3.29% | 加碼 |
| 2 | GOOG | Alphabet Inc-cl C | +0.3% | +0.34% | 加碼 |
| 3 | LLY | Eli Lilly & Co | +0.2% | +0.20% | 加碼 |
| 4 | LRCX | Lam Research CORP | +0.2% | +77.33% | 加碼 |
| 5 | ROST | Ross Stores Inc | +0.2% | +48.36% | 加碼 |
| 6 | AAPL | Apple Inc | +0.1% | -0.55% | 減碼 |
| 7 | MRK | Merck & Co. Inc. | +0.1% | -0.40% | 減碼 |
| 8 | AMAT | Applied Materials Inc | +0.1% | +34.24% | 加碼 |
| 9 | CME | Cme Group Inc | +0.1% | +65.13% | 加碼 |
| 10 | WDC | Western Digital CORP | +0.1% | +6.80% | 加碼 |
| 11 | EXPE | Expedia Group Inc | +0.1% | +3.44% | 加碼 |
| 12 | MU | Micron Technology Inc | +0.1% | +308.79% | 加碼 |
| 13 | AMD | Advanced Micro Devices | +0.1% | +79.88% | 加碼 |
| 14 | BRK-B | Berkshire Hathaway Inc-cl B | +0.1% | +13.09% | 加碼 |
| 15 | TJX | Tjx Companies Inc | +0.1% | +12.68% | 加碼 |
| 16 | QCOM | Qualcomm Inc | +0.1% | +19.42% | 加碼 |
| 17 | WBD | Warner Bros Discovery Inc | +0.1% | +4.84% | 加碼 |
| 18 | DLTR | Dollar Tree Inc | +0.1% | +18.52% | 加碼 |
| 19 | VTR | Ventas Inc | +0.1% | +78.66% | 加碼 |
| 20 | O | Realty Income CORP | +0.1% | +125.88% | 加碼 |
| 21 | GILD | Gilead Sciences Inc | +0.1% | +6.62% | 加碼 |
| 22 | EXPD | Expeditors Intl Wash Inc | +0.1% | +24.10% | 加碼 |
| 23 | VLO | Valero Energy CORP | +0.1% | +412.76% | 加碼 |
| 24 | FDX | Fedex CORP | +0.1% | +20.14% | 加碼 |
| 25 | DG | Dollar General CORP | +0.1% | +5.17% | 加碼 |
| 26 | TER | Teradyne Inc | +0.1% | +1.76% | 加碼 |
| 27 | AMZN | Amazon.com Inc | +0.1% | +0.54% | 加碼 |
| 28 | JNJ | Johnson & Johnson | +0.1% | -1.33% | 減碼 |
| 29 | V | Visa Inc-class A Shares | +0.1% | +10.92% | 加碼 |
| 30 | CAT | Caterpillar Inc | +0.1% | +44.90% | 加碼 |
| 31 | INTC | Intel CORP | +0.1% | +35.84% | 加碼 |
| 32 | EL | Estee Lauder Companies-cl A | +0.1% | +36.83% | 加碼 |
| 33 | AVGO | Broadcom Inc | +0.1% | +2.76% | 加碼 |
| 34 | WMT | Walmart Inc | +0.1% | +0.59% | 加碼 |
| 35 | ABT | Abbott Laboratories | +0.1% | +34.53% | 加碼 |
| 36 | CVS | Cvs Health CORP | +0.1% | +36.20% | 加碼 |
| 37 | IVV | Ishares Core S&p 500 ETF | +0.1% | +69.91% | 加碼 |
| 38 | DUK | Duke Energy CORP | +0.1% | +25.89% | 加碼 |
| 39 | REGN | Regeneron Pharmaceuticals | +0.1% | -1.67% | 減碼 |
| 40 | BAC | Bank Of America CORP | +0.1% | +20.98% | 加碼 |
| 41 | EXK | Exact Sciences CORP | +0.1% | +2.00% | 加碼 |
| 42 | TWLO | Twilio Inc - A | +0.1% | -3.13% | 減碼 |
| 43 | XOM | Exxon Mobil CORP | +0.1% | +3.57% | 加碼 |
| 44 | BMY | Bristol-myers Squibb Co | +0.1% | -4.82% | 減碼 |
| 45 | ULTA | Ulta Beauty Inc | +0.1% | +13.82% | 加碼 |
| 46 | COST | Costco Wholesale CORP | +0.1% | +17.63% | 加碼 |
| 47 | INCY | Incyte CORP | +0.1% | +4.43% | 加碼 |
| 48 | MNST | Monster Beverage CORP | +0.1% | +0.31% | 加碼 |
| 49 | EVRG | Evergy Inc | +0.1% | +43.07% | 加碼 |
| 50 | CIEN | Ciena CORP | 0% | -5.16% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Illinois Municipal Retirement Fund 在 Q4 2025 季度的美股持倉總市值約為 US$88.7億，共申報了 1151 個公開持股部位。
在 Q4 2025 季度，Illinois Municipal Retirement Fund 按市值排列的前三大核心持股分別為：NVDA (3.6%)、AAPL (3.6%)、MSFT (3.2%)。其中最大持股部位 NVDA 佔據整體投資組合約 3.6% 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
PRU
市值: US$829.5萬
本季最大獲利了結 / 清倉標的
KEL
前期市值: US$1267.8萬
在 Q4 2025 季度中，Illinois Municipal Retirement Fund 共進行了 200 項持倉異動，包含新建倉 16 個部位、加碼 94 個部位、減碼 77 個部位以及清倉 13 個部位。 其中最大新建倉標的為 PRU。 本季清倉部位包含 KEL。
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。