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: 0002050848
申報總市值
US$2.6億
US$2.6億
94 檔
24.4%
截至 Q2 2025 季度末，InvesTrust 的美股持倉估值約為 US$2.6億，全數申報部位共有 94 檔。
InvesTrust 在 Q2 2025 的調整主要集中於風險出清，清倉與減碼部位合計達 39 檔，反映機構對當前市場環境或個別公司估值採取較為保留之看法。
檢視投資組合結構，前 5 大主力部位（包含 VOO, MSFT, VEA）占據了總市值的 24.4%，展現出該機構在 Q2 2025 的重點資金聚焦與風險分佈特徵。
| # | 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 | VOO | Vanguard S&p 500 ETF | ETF-大型股與成長 | 8.60% | — | — | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 4.90% | -0.28% | -29.50% | |
| 3 | VEA | Vanguard Ftse Developed ETF | ETF-其他 | 4.78% | +0.13% | -1.71% | |
| 4 | IBDR | Ishares Ibonds Dec 2026 Term | ETF-其他 | 3.14% | -0.34% | +0.17% | |
| 5 | IBDS | Ishrs Ibnds Dec 27 CORP ETF | ETF-其他 | 3.02% | -0.24% | -0.00% | |
| 6 | IBDQ | Ishares Ibonds Dec 2025 Term | ETF-其他 | 2.98% | — | -1.38% | |
| 7 | IJJ | Ishares S&p Mid-cap 400 Valu | ETF-其他 | 2.84% | -0.08% | -3.40% | |
| 8 | IBDT | Ishares Ibonds Dec 2028 ETF | ETF-其他 | 2.57% | -0.12% | +1.03% | |
| 9 | JPM | Jpmorgan Chase & Co | 股票-金融 | 2.43% | -0.03% | -47.63% | |
| 10 | AAPL | Apple Inc | 股票-科技 | 2.30% | +0.05% | -32.11% | |
| 11 | IBDU | Ishares Ibonds Dec 2029 Term | ETF-其他 | 2.19% | +0.09% | +1.83% | |
| 12 | IJK | Ishares S&p Mid-cap 400 Grow | ETF-其他 | 2.12% | +0.04% | -3.97% | |
| 13 | IJH | Ishares Core S&p Midcap ETF | ETF-其他 | 2.10% | -0.03% | -3.92% | |
| 14 | IWO | Ishares Russell 2000 Growth | ETF-中小型股 | 2.05% | +0.35% | -0.03% | |
| 15 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.96% | +0.33% | -39.78% | |
| 16 | XOM | Exxon Mobil CORP | 股票-能源 | 1.87% | -2.69% | EXIT | |
| 17 | IWN | Ishares Russell 2000 Value E | ETF-中小型股 | 1.71% | +0.15% | +0.20% | |
| 18 | ADP | Automatic Data Processing | 股票-科技 | 1.59% | +0.02% | -54.72% | |
| 19 | MCD | Mcdonald's CORP | 股票-循環性消費 | 1.57% | -0.35% | -49.67% | |
| 20 | IWF | Ishares Russell 1000 Growth | ETF-其他 | 1.50% | +0.09% | +0.19% | |
| 21 | NTRS | Northern Trust CORP | 股票-金融 | 1.45% | +0.11% | -58.31% | |
| 22 | ORCL | Oracle CORP | 股票-科技 | 1.43% | -0.13% | -65.72% | |
| 23 | PM | Philip Morris International | 股票-非循環性消費 | 1.42% | -0.06% | -64.57% | |
| 24 | IBM | Intl Business Machines CORP | 股票-科技 | 1.41% | +0.03% | -63.05% | |
| 25 | CSCO | Cisco Systems Inc | 股票-科技 | 1.41% | +0.49% | -49.31% | |
| 26 | WFC | Wells Fargo & Co | 股票-金融 | 1.31% | -0.10% | -60.04% | |
| 27 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 1.23% | -0.07% | -51.23% | |
| 28 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.20% | -0.14% | -54.61% | |
| 29 | MET | Metlife Inc | 股票-金融 | 1.19% | +0.09% | -58.47% | |
| 30 | IJS | Ishares S&p Small-cap 600 Va | ETF-其他 | 1.17% | +0.06% | -3.22% | |
| 31 | DIS | Walt Disney Co/the | 股票-通訊服務 | 1.16% | -0.09% | -62.35% | |
| 32 | APD | Air Products & Chemicals Inc | 股票-原物料 | 1.08% | -0.10% | -61.97% | |
| 33 | CVX | Chevron CORP | 股票-能源 | 1.02% | -0.43% | -54.62% | |
| 34 | MMM | 3m Co | 股票-工業 | 1.01% | -0.01% | -66.31% | |
| 35 | PEP | Pepsico Inc | 股票-非循環性消費 | 1.01% | -0.21% | -52.69% | |
| 36 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.96% | -0.04% | -60.28% | |
| 37 | ITW | Illinois Tool Works | 股票-工業 | 0.90% | -0.05% | -60.60% | |
| 38 | LIN | Linde plc | 股票-原物料 | 0.90% | — | — | |
| 39 | SHEL | Shell Plc-adr | 股票-能源 | 0.90% | -0.31% | -58.80% | |
| 40 | NUE | Nucor CORP | 股票-原物料 | 0.87% | +0.17% | -54.46% | |
| 41 | IJT | Ishares S&p Small-cap 600 Gr | ETF-其他 | 0.86% | +0.12% | -0.04% | |
| 42 | VZ | Verizon Communications Inc | 股票-通訊服務 | 0.86% | -0.27% | -65.75% | |
| 43 | USB | US Bancorp | 股票-金融 | 0.86% | +0.03% | -64.10% | |
| 44 | SBUX | Starbucks CORP | 股票-循環性消費 | 0.82% | +0.02% | -64.46% | |
| 45 | EFG | Ishares Msci Eafe Growth ETF | ETF-其他 | 0.78% | +0.02% | +1.69% | |
| 46 | IWD | Ishares Russell 1000 Value E | ETF-其他 | 0.77% | +0.03% | +0.57% | |
| 47 | VYM | Vanguard High Dvd Yield ETF | ETF-其他 | 0.76% | +0.11% | -0.66% | |
| 48 | TGT | Target CORP | 股票-循環性消費 | 0.75% | -0.04% | -57.51% | |
| 49 | BMY | Bristol-myers Squibb Co | 股票-醫療保健 | 0.73% | -0.14% | -64.41% | |
| 50 | PFE | Pfizer Inc | 股票-醫療保健 | 0.70% | -0.18% | -63.81% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | VOO | Vanguard S&p 500 ETF | +8.6% | NEW | 新建倉 |
| 2 | VEA | Vanguard Ftse Developed ETF | +1.7% | -1.71% | 減碼 |
| 3 | MSFT | Microsoft CORP | +1.2% | -29.50% | 減碼 |
| 4 | IWO | Ishares Russell 2000 Growth | +0.8% | -0.03% | 減碼 |
| 5 | IJK | Ishares S&p Mid-cap 400 Grow | +0.7% | -3.97% | 減碼 |
| 6 | IWF | Ishares Russell 1000 Growth | +0.6% | +0.19% | 加碼 |
| 7 | IWN | Ishares Russell 2000 Value E | +0.6% | +0.20% | 加碼 |
| 8 | EFG | Ishares Msci Eafe Growth ETF | +0.3% | +1.69% | 加碼 |
| 9 | EMR | Emerson Electric Co | +0.3% | — | 不變 |
| 10 | AXP | American Express Co | +0.2% | — | 不變 |
| 11 | MCHP | Microchip Technology Inc | +0.2% | — | 不變 |
| 12 | ABBV | Abbvie Inc | +0.1% | — | 不變 |
| 13 | GOOGL | Alphabet Inc-cl A | +0.1% | NEW | 新建倉 |
| 14 | XLI | Ss Industrial Select Sector | +0.1% | NEW | 新建倉 |
| 15 | OKE | Oneok Inc | +0.1% | — | 不變 |
| 16 | AAPL | Apple Inc | -0.3% | -32.11% | 減碼 |
| 17 | CSCO | Cisco Systems Inc | -0.3% | -49.31% | 減碼 |
| 18 | JPM | Jpmorgan Chase & Co | -0.4% | -47.63% | 減碼 |
| 19 | NUE | Nucor CORP | -0.4% | -54.46% | 減碼 |
| 20 | CVS | Cvs Health CORP | -0.4% | -66.76% | 減碼 |
| 21 | NTRS | Northern Trust CORP | -0.5% | -58.31% | 減碼 |
| 22 | ORCL | Oracle CORP | -0.5% | -65.72% | 減碼 |
| 23 | LLY | Eli Lilly & Co | -0.5% | -39.78% | 減碼 |
| 24 | DIS | Walt Disney Co/the | -0.6% | -62.35% | 減碼 |
| 25 | TGT | Target CORP | -0.6% | -57.51% | 減碼 |
| 26 | XOM | Exxon Mobil CORP | -0.6% | -40.15% | 減碼 |
| 27 | INTC | Intel CORP | -0.6% | -65.97% | 減碼 |
| 28 | GSK | Gsk Plc-spon Adr | -0.6% | -69.87% | 減碼 |
| 29 | PG | Procter & Gamble Co/the | -0.7% | -51.23% | 減碼 |
| 30 | SLB | Slb LTD | -0.7% | -62.31% | 減碼 |
| 31 | PEP | Pepsico Inc | -0.7% | -52.69% | 減碼 |
| 32 | UPS | United Parcel Service-cl B | -0.7% | -67.97% | 減碼 |
| 33 | SHEL | Shell Plc-adr | -0.7% | -58.80% | 減碼 |
| 34 | USB | US Bancorp | -0.7% | -64.10% | 減碼 |
| 35 | ITW | Illinois Tool Works | -0.7% | -60.60% | 減碼 |
| 36 | PFE | Pfizer Inc | -0.7% | -63.81% | 減碼 |
| 37 | WFC | Wells Fargo & Co | -0.8% | -60.04% | 減碼 |
| 38 | KO | Coca-cola Co/the | -0.8% | -60.28% | 減碼 |
| 39 | MCD | Mcdonald's CORP | -0.8% | -49.67% | 減碼 |
| 40 | JNJ | Johnson & Johnson | -0.8% | -54.61% | 減碼 |
| 41 | MET | Metlife Inc | -0.8% | -58.47% | 減碼 |
| 42 | CVX | Chevron CORP | -0.8% | -54.62% | 減碼 |
| 43 | ADP | Automatic Data Processing | -0.9% | -54.72% | 減碼 |
| 44 | IBM | Intl Business Machines CORP | -0.9% | -63.05% | 減碼 |
| 45 | SBUX | Starbucks CORP | -0.9% | -64.46% | 減碼 |
| 46 | VZ | Verizon Communications Inc | -1% | -65.75% | 減碼 |
| 47 | APD | Air Products & Chemicals Inc | -1% | -61.97% | 減碼 |
| 48 | MMM | 3m Co | -1% | -66.31% | 減碼 |
| 49 | PM | Philip Morris International | -1.1% | -64.57% | 減碼 |
| 50 | BMY | Bristol-myers Squibb Co | -1.2% | -64.41% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，InvesTrust 在 Q2 2025 季度的美股持倉總市值約為 US$2.6億，共申報了 94 個公開持股部位。
在 Q2 2025 季度，InvesTrust 按市值排列的前三大核心持股分別為：VOO (8.6%)、MSFT (4.9%)、VEA (4.8%)。其中最大持股部位 VOO 佔據整體投資組合約 8.6% 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
VOO
市值: US$2228.9萬
本季最大獲利了結 / 清倉標的
MSFT
前期市值: US$1360.2萬
在 Q2 2025 季度中，InvesTrust 共進行了 45 項持倉異動，包含新建倉 3 個部位、加碼 3 個部位、減碼 39 個部位以及清倉 0 個部位。 其中最大新建倉標的為 VOO。
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。