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: 0001890222
申報總市值
US$69.7億
US$69.7億
500 檔
17.7%
Q4 2025 季度申報顯示，J. Safra Sarasin Holding AG 揭露的美股組合總市值為 US$69.7億，涵蓋 500 個不同之權益投資部位。
Q4 2025 的申報記錄反映 J. Safra Sarasin Holding AG 的板塊替換策略：機構本季推動了 93 筆增持與 107 筆減持，籌碼呈現明顯的結構重組。
整體而言，J. Safra Sarasin Holding AG 的前 5 大持股（包含 MSFT, NVDA, GOOGL）貢獻了組合市值的 17.7%，形成該機構在 Q4 2025 季度的基本面基石。
僅顯示前 200 大持股（共 500 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 | MSFT | Microsoft CORP | 股票-科技 | 5.22% | +0.25% | -1.93% | |
| 2 | NVDA | Nvidia CORP | 股票-科技 | 5.20% | +0.19% | +1.66% | |
| 3 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 4.12% | -0.07% | +6.56% | |
| 4 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.97% | +0.04% | +1.58% | |
| 5 | AAPL | Apple Inc | 股票-科技 | 2.58% | -0.03% | +6.33% | |
| 6 | VOO | Vanguard S&p 500 ETF | ETF-大型股與成長 | 1.91% | -0.29% | +0.25% | |
| 7 | AVGO | Broadcom Inc | 股票-科技 | 1.89% | -0.26% | -1.12% | |
| 8 | HD | Home Depot Inc | 股票-循環性消費 | 1.73% | -0.29% | +13.30% | |
| 9 | IEMG | Ishares Core Msci Emerging | ETF-新興市場 | 1.69% | -0.29% | +3.81% | |
| 10 | CME | Cme Group Inc | 股票-金融 | 1.67% | -0.35% | -13.95% | |
| 11 | GILD | Gilead Sciences Inc | 股票-醫療保健 | 1.64% | -0.35% | -8.73% | |
| 12 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.61% | -0.39% | -1.62% | |
| 13 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 1.58% | -0.52% | +19.23% | |
| 14 | MA | Mastercard Inc - A | 股票-金融 | 1.54% | -0.17% | -15.86% | |
| 15 | EMR | Emerson Electric Co | 股票-工業 | 1.53% | -0.25% | +1.71% | |
| 16 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.44% | -0.08% | +17.18% | |
| 17 | AMGN | Amgen Inc | 股票-醫療保健 | 1.31% | -0.21% | -0.57% | |
| 18 | BKR | Baker Hughes Co | 股票-能源 | 1.21% | -0.19% | -2.18% | |
| 19 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.18% | +0.08% | +5.04% | |
| 20 | ABBV | Abbvie Inc | 股票-醫療保健 | 1.16% | -0.14% | -10.41% | |
| 21 | RY | Royal Bank Of Canada | 股票-金融 | 1.14% | -0.17% | +2.54% | |
| 22 | ✓ | Ferrovial Se | 股票-其他 | 1.11% | -0.19% | +3.46% | |
| 23 | IBM | Intl Business Machines CORP | 股票-科技 | 1.11% | -0.12% | -27.51% | |
| 24 | PCAR | Paccar Inc | 股票-工業 | 1.09% | -0.20% | -0.74% | |
| 25 | TXN | Texas Instruments Inc | 股票-科技 | 1.04% | -0.20% | +3.43% | |
| 26 | MCD | Mcdonald's CORP | 股票-循環性消費 | 1.03% | -0.18% | +1.64% | |
| 27 | ADP | Automatic Data Processing | 股票-科技 | 1.02% | -0.14% | +3.27% | |
| 28 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 1.02% | -0.04% | -24.91% | |
| 29 | NOW | Servicenow Inc | 股票-科技 | 1.01% | +0.09% | +419.63% | |
| 30 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 1.00% | -0.17% | +3.12% | |
| 31 | ITW | Illinois Tool Works | 股票-工業 | 0.97% | -0.19% | +2.22% | |
| 32 | TSLA | Tesla Inc | 股票-循環性消費 | 0.97% | -0.14% | +43.78% | |
| 33 | O | Realty Income CORP | 股票-房地產 | 0.93% | -0.19% | +135.61% | |
| 34 | LOGI | Logitech International S.A. | 股票-科技 | 0.91% | -0.12% | +1.28% | |
| 35 | ACN | Accenture plc | 股票-科技 | 0.91% | -0.11% | +2078.72% | |
| 36 | T | At&t Inc | 股票-通訊服務 | 0.88% | -0.21% | +6.96% | |
| 37 | CL | Colgate-palmolive Co | 股票-非循環性消費 | 0.87% | -0.16% | -8.68% | |
| 38 | PEP | Pepsico Inc | 股票-非循環性消費 | 0.86% | -0.16% | +4.61% | |
| 39 | UBS | UBS Group AG | 股票-金融 | 0.85% | -0.09% | -34.64% | |
| 40 | AMAT | Applied Materials Inc | 股票-科技 | 0.83% | +0.85% | +9.02% | |
| 41 | DRI | Darden Restaurants Inc | 股票-循環性消費 | 0.74% | -0.14% | +3.61% | |
| 42 | MCO | Moody's CORP | 股票-金融 | 0.70% | -0.06% | -0.64% | |
| 43 | XYL | Xylem Inc | 股票-工業 | 0.70% | -0.22% | -3.96% | |
| 44 | CAT | Caterpillar Inc | 股票-工業 | 0.69% | +0.02% | +7.29% | |
| 45 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.68% | -0.16% | +1.81% | |
| 46 | RSG | Republic Services Inc | 股票-工業 | 0.67% | -0.11% | -22.24% | |
| 47 | BF-B | Brown-forman Corp-class B | 股票-其他 | 0.65% | -0.19% | +2.26% | |
| 48 | WMT | Walmart Inc | 股票-非循環性消費 | 0.64% | -0.13% | -6.92% | |
| 49 | MSI | Motorola Solutions Inc | 股票-科技 | 0.62% | -0.12% | -23.85% | |
| 50 | UBER | Uber Technologies Inc | 股票-工業 | 0.62% | -0.08% | +70.81% |
| # | 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 | +1.1% | +6.56% | 加碼 |
| 2 | ACN | Accenture plc | +0.9% | +2078.72% | 加碼 |
| 3 | LLY | Eli Lilly & Co | +0.6% | +17.18% | 加碼 |
| 4 | MRK | Merck & Co. Inc. | +0.5% | +19.23% | 加碼 |
| 5 | EXC | Exelon CORP | +0.5% | +1042.83% | 加碼 |
| 6 | O | Realty Income CORP | +0.5% | +135.61% | 加碼 |
| 7 | NFLX | Netflix Inc | +0.4% | +3746.77% | 加碼 |
| 8 | AAPL | Apple Inc | +0.3% | +6.33% | 加碼 |
| 9 | TSLA | Tesla Inc | +0.3% | +43.78% | 加碼 |
| 10 | AMAT | Applied Materials Inc | +0.2% | +9.02% | 加碼 |
| 11 | HLT | Hilton Worldwide Holdings In | +0.2% | +75.32% | 加碼 |
| 12 | AMZN | Amazon.com Inc | +0.2% | +1.58% | 加碼 |
| 13 | JPM | Jpmorgan Chase & Co | +0.2% | +43.11% | 加碼 |
| 14 | UBER | Uber Technologies Inc | +0.2% | +70.81% | 加碼 |
| 15 | RY | Royal Bank Of Canada | +0.2% | +2.54% | 加碼 |
| 16 | GOOG | Alphabet Inc-cl C | +0.2% | +9.62% | 加碼 |
| 17 | AMGN | Amgen Inc | +0.2% | -0.57% | 減碼 |
| 18 | ALB | Albemarle CORP | +0.2% | +493.26% | 加碼 |
| 19 | DHR | Danaher CORP | +0.2% | +28.19% | 加碼 |
| 20 | ✓ | Ferrovial Se | +0.2% | +3.46% | 加碼 |
| 21 | CAT | Caterpillar Inc | +0.2% | +7.29% | 加碼 |
| 22 | LRCX | Lam Research CORP | +0.2% | +220.07% | 加碼 |
| 23 | JNJ | Johnson & Johnson | +0.2% | -1.62% | 減碼 |
| 24 | FSLR | First Solar Inc | +0.1% | +18.17% | 加碼 |
| 25 | SPGI | S&p Global Inc | +0.1% | +14.31% | 加碼 |
| 26 | PCAR | Paccar Inc | +0.1% | -0.74% | 減碼 |
| 27 | NVDA | Nvidia CORP | +0.1% | +1.66% | 加碼 |
| 28 | UNH | Unitedhealth Group Inc | +0.1% | +127.58% | 加碼 |
| 29 | RKT | Rocket Cos Inc-class A | +0.1% | +765.61% | 加碼 |
| 30 | IEMG | Ishares Core Msci Emerging | +0.1% | +3.81% | 加碼 |
| 31 | WMS | Advanced Drainage Systems In | +0.1% | +22.48% | 加碼 |
| 32 | FROG | JFrog Ltd. | +0.1% | +29.12% | 加碼 |
| 33 | WAB | Wabtec CORP | +0.1% | +13.42% | 加碼 |
| 34 | AVGO | Broadcom Inc | +0.1% | -1.12% | 減碼 |
| 35 | ZS | Zscaler Inc | +0.1% | +94.73% | 加碼 |
| 36 | SHV | Ishares 0-1 Year Treasury Bo | +0.1% | +1011.12% | 加碼 |
| 37 | WPM | Wheaton Precious Metals CORP | +0.1% | +40.49% | 加碼 |
| 38 | PEP | Pepsico Inc | +0.1% | +4.61% | 加碼 |
| 39 | VOO | Vanguard S&p 500 ETF | +0.1% | +0.25% | 加碼 |
| 40 | VOO | Vanguard S&P 500 ETF | +0.1% | +43.02% | 加碼 |
| 41 | HWM | Howmet Aerospace Inc | +0.1% | +318.13% | 加碼 |
| 42 | EMR | Emerson Electric Co | +0.1% | +1.71% | 加碼 |
| 43 | MCO | Moody's CORP | +0.1% | -0.64% | 減碼 |
| 44 | FCX | Freeport-mcmoran Inc | 0% | +37.21% | 加碼 |
| 45 | BNY | Bank Of New York Mellon CORP | 0% | +3.52% | 加碼 |
| 46 | AXP | American Express Co | 0% | +476.97% | 加碼 |
| 47 | CIEN | Ciena CORP | 0% | -15.67% | 減碼 |
| 48 | GLD | Spdr Gold Shares | 0% | +22.09% | 加碼 |
| 49 | AER | AerCap Holdings N.V. | 0% | +135.65% | 加碼 |
| 50 | AEM | Agnico Eagle Mines LTD | 0% | +36.12% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，J. Safra Sarasin Holding AG 在 Q4 2025 季度的美股持倉總市值約為 US$69.7億，共申報了 500 個公開持股部位。
在 Q4 2025 季度，J. Safra Sarasin Holding AG 按市值排列的前三大核心持股分別為：MSFT (5.2%)、NVDA (5.2%)、GOOGL (4.1%)。其中最大持股部位 MSFT 佔據整體投資組合約 5.2% 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
TWLO
市值: US$1880.5萬
本季最大獲利了結 / 清倉標的
NICE
前期市值: US$1400.1萬
在 Q4 2025 季度中，J. Safra Sarasin Holding AG 共進行了 200 項持倉異動，包含新建倉 22 個部位、加碼 71 個部位、減碼 79 個部位以及清倉 28 個部位。 其中最大新建倉標的為 TWLO。 本季清倉部位包含 NICE。
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。