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: 0001661580
申報總市值
US$148.1億
US$148.1億
295 檔
44.7%
Q2 2025 季度申報顯示，Ilmarinen Mutual Pension Insurance Co 揭露的美股組合總市值為 US$148.1億，涵蓋 295 個不同之權益投資部位。
在 Q2 2025，Ilmarinen Mutual Pension Insurance Co 操作展現出積極擴展與加碼意向。本季共新建倉 17 個新部位，並對 85 個既有持股進行加碼（合計增持 102 檔），相較減碼與清倉部位顯著佔優。
檢視投資組合結構，前 5 大主力部位（包含 USCL, USCA, SPHY）占據了總市值的 44.7%，展現出該機構在 Q2 2025 的重點資金聚焦與風險分佈特徵。
本季最大新建倉標的
CAT
市值: US$3377.4萬
本季最大獲利了結 / 清倉標的
AAPL
前期市值: US$2.8億
僅顯示前 200 大持股（共 295 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 | USCL | Ishares Climate Conscious | ETF-其他 | 19.60% | +0.87% | +2.67% | |
| 2 | USCA | Xtrack Msci USA Clim Act Eq | ETF-其他 | 19.55% | +0.83% | +2.67% | |
| 3 | SPHY | Ss Spdr P High Yield ETF | ETF-非投資等級債 | 5.41% | -0.43% | -8.28% | |
| 4 | USHY | Ishares Broad Usd High Yield | ETF-非投資等級債 | 5.15% | -0.55% | -0.58% | |
| 5 | NVDA | Nvidia CORP | 股票-科技 | 3.46% | -0.08% | +23.49% | |
| 6 | MSFT | Microsoft CORP | 股票-科技 | 3.15% | -0.31% | +8.03% | |
| 7 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.31% | -0.10% | -2.06% | |
| 8 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 2.29% | +0.31% | +0.31% | |
| 9 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.16% | -0.11% | +3.70% | |
| 10 | TSLA | Tesla Inc | 股票-循環性消費 | 1.15% | -0.07% | -0.11% | |
| 11 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.07% | -0.01% | — | |
| 12 | V | Visa Inc-class A Shares | 股票-金融 | 0.91% | +0.04% | -2.01% | |
| 13 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.90% | +0.12% | +12.93% | |
| 14 | MA | Mastercard Inc - A | 股票-金融 | 0.75% | -0.06% | -2.47% | |
| 15 | NFLX | Netflix Inc | 股票-通訊服務 | 0.73% | -0.14% | +1.04% | |
| 16 | ORCL | Oracle CORP | 股票-科技 | 0.67% | -0.04% | +26.74% | |
| 17 | XOM | Exxon Mobil CORP | 股票-能源 | 0.66% | -0.30% | +13.33% | |
| 18 | IYR | Ishares US Real Estate ETF | ETF-其他 | 0.65% | +0.15% | -18.42% | |
| 19 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.58% | +0.06% | +13.46% | |
| 20 | WMT | Walmart Inc | 股票-非循環性消費 | 0.57% | -0.15% | +5.57% | |
| 21 | HD | Home Depot Inc | 股票-循環性消費 | 0.52% | -0.04% | +6.02% | |
| 22 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.52% | -0.04% | +15.28% | |
| 23 | BAC | Bank Of America CORP | 股票-金融 | 0.51% | -0.04% | +55.92% | |
| 24 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.50% | -0.03% | +36.87% | |
| 25 | IBM | Intl Business Machines CORP | 股票-科技 | 0.48% | +0.03% | +24.21% | |
| 26 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.47% | -0.14% | +16.22% | |
| 27 | CSCO | Cisco Systems Inc | 股票-科技 | 0.47% | +0.14% | +28.46% | |
| 28 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.46% | +0.01% | +12.25% | |
| 29 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.45% | +0.08% | +10.39% | |
| 30 | CRM | Salesforce Inc | 股票-科技 | 0.45% | -0.11% | +31.41% | |
| 31 | NOW | Servicenow Inc | 股票-科技 | 0.40% | -0.06% | +22.62% | |
| 32 | BLK | Blackrock Inc | 股票-金融 | 0.40% | -0.09% | +2.25% | |
| 33 | INTU | Intuit Inc | 股票-科技 | 0.39% | -0.08% | +17.20% | |
| 34 | AMD | Advanced Micro Devices | 股票-科技 | 0.39% | +0.53% | +29.20% | |
| 35 | ABT | Abbott Laboratories | 股票-醫療保健 | 0.34% | -0.04% | +6.22% | |
| 36 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.33% | -0.07% | +2.98% | |
| 37 | ACN | Accenture plc | 股票-科技 | 0.32% | -0.12% | +30.24% | |
| 38 | CVX | Chevron CORP | 股票-能源 | 0.32% | +0.23% | NEW | |
| 39 | MRSH | Marsh & Mclennan Cos | 股票-金融 | 0.32% | +0.02% | -12.34% | |
| 40 | T | At&t Inc | 股票-通訊服務 | 0.31% | -0.07% | +0.84% | |
| 41 | ADBE | Adobe Inc | 股票-科技 | 0.30% | -0.09% | +25.99% | |
| 42 | PGR | Progressive CORP | 股票-金融 | 0.30% | -0.01% | -25.30% | |
| 43 | QCOM | Qualcomm Inc | 股票-科技 | 0.30% | +0.05% | +29.44% | |
| 44 | DIS | Walt Disney Co/the | 股票-通訊服務 | 0.28% | -0.02% | — | |
| 45 | MS | Morgan Stanley | 股票-金融 | 0.28% | +0.03% | +61.19% | |
| 46 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.28% | -0.03% | +7.44% | |
| 47 | CAT | Caterpillar Inc | 股票-工業 | 0.27% | +0.09% | — | |
| 48 | WFC | Wells Fargo & Co | 股票-金融 | 0.26% | -0.02% | — | |
| 49 | NEE | Nextera Energy Inc | 股票-公用事業 | 0.25% | -0.19% | EXIT | |
| 50 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.25% | -0.02% | +33.17% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +1.3% | +23.49% | 加碼 |
| 2 | MSFT | Microsoft CORP | +0.7% | +8.03% | 加碼 |
| 3 | USCL | Ishares Climate Conscious | +0.5% | +2.67% | 加碼 |
| 4 | USCA | Xtrack Msci USA Clim Act Eq | +0.5% | +2.67% | 加碼 |
| 5 | META | Meta Platforms Inc-class A | +0.4% | +3.70% | 加碼 |
| 6 | ORCL | Oracle CORP | +0.3% | +26.74% | 加碼 |
| 7 | CAT | Caterpillar Inc | +0.3% | NEW | 新建倉 |
| 8 | PLTR | Palantir Technologies Inc-a | +0.3% | +36.87% | 加碼 |
| 9 | BAC | Bank Of America CORP | +0.2% | +55.92% | 加碼 |
| 10 | NFLX | Netflix Inc | +0.2% | +1.04% | 加碼 |
| 11 | AMD | Advanced Micro Devices | +0.2% | +29.20% | 加碼 |
| 12 | MMM | 3m Co | +0.1% | +1977.77% | 加碼 |
| 13 | TSLA | Tesla Inc | +0.1% | -0.11% | 減碼 |
| 14 | IBM | Intl Business Machines CORP | +0.1% | +24.21% | 加碼 |
| 15 | NOW | Servicenow Inc | +0.1% | +22.62% | 加碼 |
| 16 | MS | Morgan Stanley | +0.1% | +61.19% | 加碼 |
| 17 | DASH | Doordash Inc - A | +0.1% | NEW | 新建倉 |
| 18 | CSCO | Cisco Systems Inc | +0.1% | +28.46% | 加碼 |
| 19 | INTU | Intuit Inc | +0.1% | +17.20% | 加碼 |
| 20 | CRH | CRH plc | +0.1% | NEW | 新建倉 |
| 21 | ELV | Elevance Health Inc | +0.1% | +647.06% | 加碼 |
| 22 | GOOGL | Alphabet Inc-cl A | +0.1% | +0.31% | 加碼 |
| 23 | GS | Goldman Sachs Group Inc | +0.1% | +33.17% | 加碼 |
| 24 | JPM | Jpmorgan Chase & Co | +0.1% | — | 不變 |
| 25 | CRM | Salesforce Inc | +0.1% | +31.41% | 加碼 |
| 26 | CRWD | Crowdstrike Holdings Inc - A | +0.1% | +22.50% | 加碼 |
| 27 | CBOE | Cboe Global Markets Inc | +0.1% | NEW | 新建倉 |
| 28 | HOOD | Robinhood Markets Inc - A | +0.1% | NEW | 新建倉 |
| 29 | PANW | Palo Alto Networks Inc | +0.1% | +31.36% | 加碼 |
| 30 | ADI | Analog Devices Inc | +0.1% | +35.00% | 加碼 |
| 31 | AMZN | Amazon.com Inc | +0.1% | -2.06% | 減碼 |
| 32 | QCOM | Qualcomm Inc | +0.1% | +29.44% | 加碼 |
| 33 | SCHW | Schwab (charles) CORP | +0.1% | +49.05% | 加碼 |
| 34 | C | Citigroup Inc | +0.1% | +35.91% | 加碼 |
| 35 | DDOG | Datadog Inc - Class A | +0.1% | NEW | 新建倉 |
| 36 | CEG | Constellation Energy | +0.1% | +13.98% | 加碼 |
| 37 | EQT | Eqt CORP | +0.1% | NEW | 新建倉 |
| 38 | ALNY | Alnylam Pharmaceuticals Inc | +0.1% | NEW | 新建倉 |
| 39 | NET | Cloudflare Inc - Class A | +0.1% | +26.00% | 加碼 |
| 40 | SNOW | Snowflake Inc | +0.1% | +22.92% | 加碼 |
| 41 | VRT | Vertiv Holdings Co-a | +0.1% | NEW | 新建倉 |
| 42 | VMC | Vulcan Materials Co | +0.1% | NEW | 新建倉 |
| 43 | ADBE | Adobe Inc | 0% | +25.99% | 加碼 |
| 44 | ACN | Accenture plc | 0% | +30.24% | 加碼 |
| 45 | ETN | Eaton Corporation plc | 0% | — | 不變 |
| 46 | SNPS | Synopsys Inc | 0% | +20.74% | 加碼 |
| 47 | CDNS | Cadence Design Sys Inc | 0% | +27.78% | 加碼 |
| 48 | DHR | Danaher CORP | 0% | +37.04% | 加碼 |
| 49 | MELI | Mercadolibre Inc | 0% | +6.43% | 加碼 |
| 50 | GDDY | Godaddy Inc - Class A | 0% | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Ilmarinen Mutual Pension Insurance Co 在 Q2 2025 季度的美股持倉總市值約為 US$148.1億，共申報了 295 個公開持股部位。
在 Q2 2025 季度，Ilmarinen Mutual Pension Insurance Co 按市值排列的前三大核心持股分別為：USCL (19.6%)、USCA (19.6%)、SPHY (5.4%)。其中最大持股部位 USCL 佔據整體投資組合約 19.6% 的權重。
在 Q2 2025 季度中，Ilmarinen Mutual Pension Insurance Co 共進行了 152 項持倉異動，包含新建倉 17 個部位、加碼 85 個部位、減碼 28 個部位以及清倉 22 個部位。 其中最大新建倉標的為 CAT。 本季清倉部位包含 AAPL。
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。
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。
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。