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: 0001845998
申報總市值
US$5.3億
US$5.3億
424 檔
21.2%
根據最新整理的 13F 季度數據集，Interchange Capital Partners, LLC 於 Q4 2025 結束時的管理資產規模為 US$5.3億。該機構在本季度申報了 424 檔美股持倉，呈現出該時期的主要投資地圖。
觀察 Q4 2025 的申報異動，Interchange Capital Partners, LLC 採取了強勁的買進策略，建倉與加碼動作（合計 40 筆）涵蓋多個核心板塊，展現機構對特定產業前景之樂觀態度。
檢視投資組合結構，前 5 大主力部位（包含 JMST, AAPL, JAAA）占據了總市值的 21.2%，展現出該機構在 Q4 2025 的重點資金聚焦與風險分佈特徵。
僅顯示前 200 大持股（共 424 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 | JMST | JPM Ultra-short Muni Income | ETF-其他 | 7.12% | -0.07% | +0.22% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 4.27% | -1.20% | +2.39% | |
| 3 | JAAA | Janus Henderson Aaa Clo ETF | ETF-其他 | 3.35% | +1.87% | -6.42% | |
| 4 | SMLR | Semler Scientific Inc | 股票-其他 | 3.12% | — | -13.25% | |
| 5 | MSFT | Microsoft CORP | 股票-科技 | 2.99% | -0.65% | +2.84% | |
| 6 | IQLT | Ishares Msci International Q | ETF-其他 | 2.77% | -0.98% | +5.05% | |
| 7 | NVDA | Nvidia CORP | 股票-科技 | 2.18% | +1.12% | +11.76% | |
| 8 | VTV | Vanguard Value ETF | ETF-其他 | 1.68% | -0.82% | +0.17% | |
| 9 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.59% | +0.86% | +4.90% | |
| 10 | IEFA | Ishares Core Msci Eafe ETF | ETF-其他 | 1.55% | -0.81% | -3.84% | |
| 11 | JPST | Jpmorgan Ultra-short Income | ETF-其他 | 1.54% | -0.06% | +6.65% | |
| 12 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 1.47% | -0.38% | +0.77% | |
| 13 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.44% | +0.01% | +6.44% | |
| 14 | IEMG | Ishares Core Msci Emerging | ETF-新興市場 | 1.43% | +0.01% | +2.98% | |
| 15 | VEA | Vanguard Ftse Developed ETF | ETF-其他 | 1.30% | -0.09% | +0.95% | |
| 16 | TSLA | Tesla Inc | 股票-循環性消費 | 1.19% | +0.08% | +3.04% | |
| 17 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.17% | +0.54% | +6.15% | |
| 18 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.12% | -0.31% | +6.98% | |
| 19 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.01% | -0.14% | +2.63% | |
| 20 | VLUE | Ishares Msci USA Value Facto | ETF-其他 | 0.99% | +0.19% | +0.60% | |
| 21 | IAU | Ishares Gold Trust | ETF-避險與商品 | 0.94% | -0.32% | -2.31% | |
| 22 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.86% | +0.18% | +116.63% | |
| 23 | AVGO | Broadcom Inc | 股票-科技 | 0.82% | +0.61% | +5.82% | |
| 24 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 0.80% | -0.32% | +77.85% | |
| 25 | IVE | Ishares S&p 500 Value ETF | ETF-大型股與成長 | 0.71% | -0.10% | +18.60% | |
| 26 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.69% | -0.23% | +1.41% | |
| 27 | JEPI | Jpmorgan Equity Premium Inco | ETF-其他 | 0.65% | -0.32% | -2.94% | |
| 28 | IVW | Ishares S&p 500 Growth ETF | ETF-大型股與成長 | 0.62% | -0.29% | -0.65% | |
| 29 | QUAL | Ishares Msci USA Quality Fac | ETF-其他 | 0.62% | -0.74% | -25.10% | |
| 30 | DYNF | Ishrs US E F R A Etf-usd Inc | ETF-其他 | 0.61% | -0.17% | -1.85% | |
| 31 | VYMI | Vanguard Int High Dvd Yld In | ETF-其他 | 0.51% | -0.20% | -2.29% | |
| 32 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.51% | -0.26% | +1.35% | |
| 33 | DFIV | Dimensional International Va | ETF-其他 | 0.50% | -0.11% | — | |
| 34 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 0.49% | +0.41% | +17.21% | |
| 35 | V | Visa Inc-class A Shares | 股票-金融 | 0.49% | -0.19% | +3.61% | |
| 36 | MS | Morgan Stanley | 股票-金融 | 0.48% | +0.10% | -0.20% | |
| 37 | EFV | Ishares Msci Eafe Value ETF | ETF-其他 | 0.47% | -0.24% | -9.22% | |
| 38 | MDCX | Medicus Pharma LTD | 股票-其他 | 0.45% | -1.81% | — | |
| 39 | RTX | Rtx CORP | 股票-工業 | 0.45% | -0.06% | +2.10% | |
| 40 | EQT | Eqt CORP | 股票-能源 | 0.45% | -0.18% | +94.28% | |
| 41 | JHMM | John Hancock Multi Fact Mid | ETF-其他 | 0.44% | +0.05% | +3.90% | |
| 42 | CVX | Chevron CORP | 股票-能源 | 0.43% | -0.12% | +105.00% | |
| 43 | PULS | Pgim Ultra Short Bond ETF | ETF-其他 | 0.43% | -0.34% | +67.81% | |
| 44 | VTI | Vanguard Total Stock Mkt ETF | ETF-其他 | 0.42% | -0.14% | -0.07% | |
| 45 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.42% | -0.08% | -13.14% | |
| 46 | GBTC | Grayscale Bitcoin Trust ETF | ETF-加密貨幣 | 0.42% | -0.56% | -5.77% | |
| 47 | ABT | Abbott Laboratories | 股票-醫療保健 | 0.42% | -0.41% | +4.61% | |
| 48 | HCA | Hca Healthcare Inc | 股票-醫療保健 | 0.41% | -0.13% | +8.06% | |
| 49 | BBJP | Jpmorgan Betabuilders Japan | ETF-其他 | 0.41% | -0.15% | -1.09% | |
| 50 | CSCO | Cisco Systems Inc | 股票-科技 | 0.41% | +0.07% | +138.62% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | LLY | Eli Lilly & Co | +0.6% | +116.63% | 加碼 |
| 2 | GOOGL | Alphabet Inc-cl A | +0.4% | +4.90% | 加碼 |
| 3 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.3% | +77.85% | 加碼 |
| 4 | GOOG | Alphabet Inc-cl C | +0.3% | +6.15% | 加碼 |
| 5 | CSCO | Cisco Systems Inc | +0.3% | +138.62% | 加碼 |
| 6 | XOM | Exxon Mobil CORP | +0.2% | +122.66% | 加碼 |
| 7 | CVX | Chevron CORP | +0.2% | +105.00% | 加碼 |
| 8 | EQT | Eqt CORP | +0.2% | +94.28% | 加碼 |
| 9 | PULS | Pgim Ultra Short Bond ETF | +0.2% | +67.81% | 加碼 |
| 10 | KO | Coca-cola Co/the | +0.2% | +113.47% | 加碼 |
| 11 | AAPL | Apple Inc | +0.1% | +2.39% | 加碼 |
| 12 | EXPE | Expedia Group Inc | +0.1% | +139.31% | 加碼 |
| 13 | C | Citigroup Inc | +0.1% | +138.37% | 加碼 |
| 14 | NVDA | Nvidia CORP | +0.1% | +11.76% | 加碼 |
| 15 | IVE | Ishares S&p 500 Value ETF | +0.1% | +18.60% | 加碼 |
| 16 | CAT | Caterpillar Inc | +0.1% | +47.39% | 加碼 |
| 17 | AMZN | Amazon.com Inc | +0.1% | +6.44% | 加碼 |
| 18 | TSM | Taiwan Semiconductor-sp Adr | +0.1% | +17.21% | 加碼 |
| 19 | MRK | Merck & Co. Inc. | +0.1% | +21.69% | 加碼 |
| 20 | CRUS | Cirrus Logic Inc | +0.1% | +173.05% | 加碼 |
| 21 | EMR | Emerson Electric Co | +0.1% | +187.42% | 加碼 |
| 22 | CB | Chubb Limited | +0.1% | +69.59% | 加碼 |
| 23 | IQLT | Ishares Msci International Q | +0.1% | +5.05% | 加碼 |
| 24 | VLUE | Ishares Msci USA Value Facto | 0% | +0.60% | 加碼 |
| 25 | AVGO | Broadcom Inc | 0% | +5.82% | 加碼 |
| 26 | JPST | Jpmorgan Ultra-short Income | 0% | +6.65% | 加碼 |
| 27 | XLF | Ss Financial Select Sector | -0.1% | -69.02% | 減碼 |
| 28 | HOOD | Robinhood Markets Inc - A | -0.1% | -15.32% | 減碼 |
| 29 | NFLX | Netflix Inc | -0.1% | +838.73% | 加碼 |
| 30 | HD | Home Depot Inc | -0.1% | -4.08% | 減碼 |
| 31 | UNH | Unitedhealth Group Inc | -0.1% | -13.14% | 減碼 |
| 32 | ORCL | Oracle CORP | -0.2% | +0.80% | 加碼 |
| 33 | ETHE | Grayscale Ethereum Staking E | -0.2% | -12.64% | 減碼 |
| 34 | GBTC | Grayscale Bitcoin Trust ETF | -0.2% | -5.77% | 減碼 |
| 35 | QUAL | Ishares Msci USA Quality Fac | -0.2% | -25.10% | 減碼 |
| 36 | MDCX | Medicus Pharma LTD | -0.3% | — | 不變 |
| 37 | MSFT | Microsoft CORP | -0.3% | +2.84% | 加碼 |
| 38 | JAAA | Janus Henderson Aaa Clo ETF | -0.5% | -6.42% | 減碼 |
| 39 | SMLR | Semler Scientific Inc | -4.3% | -13.25% | 減碼 |
| 40 | CGMU | Cap Group Municipal Income | — | NEW | 新建倉 |
| 41 | EVIM | Eaton Vance Int Muni Income | — | NEW | 新建倉 |
| 42 | EPAM | Epam Systems Inc | — | NEW | 新建倉 |
| 43 | VXUS | Vanguard Total Intl Stock | — | NEW | 新建倉 |
| 44 | EPR | Epr Properties | — | NEW | 新建倉 |
| 45 | CLH | Clean Harbors Inc | — | NEW | 新建倉 |
| 46 | ESS | Essex Property Trust Inc | — | NEW | 新建倉 |
| 47 | CMG | Chipotle Mexican Grill Inc | — | NEW | 新建倉 |
| 48 | CTSH | Cognizant Tech Solutions-a | — | NEW | 新建倉 |
| 49 | CLS | Celestica Inc | — | NEW | 新建倉 |
| 50 | ES | Eversource Energy | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Interchange Capital Partners, LLC 在 Q4 2025 季度的美股持倉總市值約為 US$5.3億，共申報了 424 個公開持股部位。
在 Q4 2025 季度，Interchange Capital Partners, LLC 按市值排列的前三大核心持股分別為：JMST (7.1%)、AAPL (4.3%)、JAAA (3.4%)。其中最大持股部位 JMST 佔據整體投資組合約 7.1% 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
CGMU
市值: US$209.6萬
本季最大獲利了結 / 清倉標的
SMLR
前期市值: US$3803.8萬
在 Q4 2025 季度中，Interchange Capital Partners, LLC 共進行了 49 項持倉異動，包含新建倉 11 個部位、加碼 29 個部位、減碼 9 個部位以及清倉 0 個部位。 其中最大新建倉標的為 CGMU。
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。