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: 0002011335
申報總市值
US$10.6億
US$10.6億
42 檔
52.3%
J. Stern & Co. LLP 在 Q3 2025 季度的美股部位總計估值為 US$10.6億，分散於 42 個持倉標的之中，反映其市場參與廣度與投資規模。
J. Stern & Co. LLP 於 Q3 2025 展現出進攻型調倉步調，本季推動了 7 檔股票的新建倉與 19 檔既有部位加碼，整體資金傾向擴大在美股市場的曝險佈局。
從部位權重觀察，前 5 大標的（包含 NVDA, APH, META）累計市值佔比達 52.3%，是驅動 J. Stern & Co. LLP 該季度整體投資組合績效表現的核心支柱。
| # | 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 | 12.86% | +1.05% | -5.78% | |
| 2 | APH | Amphenol Corp-cl A | 股票-科技 | 7.54% | +2.09% | -7.65% | |
| 3 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 7.25% | -0.33% | +2.31% | |
| 4 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 7.23% | +1.57% | -2.98% | |
| 5 | AMZN | Amazon.com Inc | 股票-循環性消費 | 7.06% | +0.69% | +6.49% | |
| 6 | ETN | Eaton Corporation plc | 股票-工業 | 6.61% | +0.88% | +0.99% | |
| 7 | MA | Mastercard Inc - A | 股票-金融 | 5.83% | -0.11% | +0.75% | |
| 8 | RTX | Rtx CORP | 股票-工業 | 4.80% | -0.38% | +3.31% | |
| 9 | XYL | Xylem Inc | 股票-工業 | 4.08% | -0.23% | +4.23% | |
| 10 | ICE | Intercontinental Exchange In | 股票-金融 | 3.94% | -1.28% | +8.29% | |
| 11 | HON | Honeywell International Inc | 股票-工業 | 3.72% | -6.03% | EXIT | |
| 12 | DIS | Walt Disney Co/the | 股票-通訊服務 | 3.61% | -0.15% | +8.97% | |
| 13 | CRM | Salesforce Inc | 股票-科技 | 3.52% | -0.32% | -3.73% | |
| 14 | ABT | Abbott Laboratories | 股票-醫療保健 | 3.18% | -0.47% | -10.85% | |
| 15 | OTIS | Otis Worldwide CORP | 股票-工業 | 3.05% | -0.33% | -3.43% | |
| 16 | ZTS | Zoetis Inc | 股票-醫療保健 | 2.13% | -2.18% | -8.08% | |
| 17 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 1.99% | -0.11% | -14.13% | |
| 18 | AMT | American Tower CORP | 股票-房地產 | 1.94% | -0.34% | -2.66% | |
| 19 | LRCX | Lam Research CORP | 股票-科技 | 0.89% | +0.28% | +148.33% | |
| 20 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 0.79% | +0.04% | +963.19% | |
| 21 | CDNS | Cadence Design Sys Inc | 股票-科技 | 0.77% | +0.12% | +128.86% | |
| 22 | V | Visa Inc-class A Shares | 股票-金融 | 0.69% | +0.04% | +90.77% | |
| 23 | EL | Estee Lauder Companies-cl A | 股票-非循環性消費 | 0.62% | +0.06% | +114.34% | |
| 24 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 0.60% | +0.02% | +87.18% | |
| 25 | XYZ | Block Inc | 股票-金融 | 0.59% | +0.07% | +97.14% | |
| 26 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.59% | -0.03% | +124.55% | |
| 27 | IDXX | Idexx Laboratories Inc | 股票-醫療保健 | 0.54% | -0.25% | +125.09% | |
| 28 | NKE | Nike Inc -cl B | 股票-循環性消費 | 0.52% | -1.03% | — | |
| 29 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.50% | +0.15% | +108.12% | |
| 30 | HD | Home Depot Inc | 股票-循環性消費 | 0.46% | +0.02% | — | |
| 31 | ISRG | Intuitive Surgical Inc | 股票-醫療保健 | 0.39% | -0.03% | — | |
| 32 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.37% | +0.01% | — | |
| 33 | IT | Gartner Inc | 股票-科技 | 0.37% | — | — | |
| 34 | DXCM | Dexcom Inc | 股票-醫療保健 | 0.37% | +0.02% | +80.61% | |
| 35 | LOW | Lowe's Cos Inc | 股票-循環性消費 | 0.36% | -0.01% | — | |
| 36 | ADBE | Adobe Inc | 股票-科技 | 0.07% | -0.01% | -97.46% | |
| 37 | AAAU | Goldman Sachs Physical Gold | ETF-避險與商品 | 0.06% | — | -49.99% | |
| 38 | AMAT | Applied Materials Inc | 股票-科技 | 0.04% | +0.03% | — | |
| 39 | BF-B | Brown-forman Corp-class B | 股票-其他 | 0.04% | -0.01% | -11.38% | |
| 40 | NOC | Northrop Grumman CORP | 股票-工業 | 0.03% | -0.01% | — | |
| 41 | LMT | Lockheed Martin CORP | 股票-工業 | 0.03% | -0.01% | — | |
| 42 | LIN | Linde plc | 股票-原物料 | — | — | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +3.1% | -5.78% | 減碼 |
| 2 | APH | Amphenol Corp-cl A | +2.2% | -7.65% | 減碼 |
| 3 | GOOG | Alphabet Inc-cl C | +1.3% | -2.98% | 減碼 |
| 4 | ETN | Eaton Corporation plc | +0.8% | +0.99% | 加碼 |
| 5 | GOOGL | Alphabet Inc-cl A | +0.7% | +963.19% | 加碼 |
| 6 | CDNS | Cadence Design Sys Inc | +0.4% | +128.86% | 加碼 |
| 7 | META | Meta Platforms Inc-class A | +0.4% | +2.31% | 加碼 |
| 8 | EL | Estee Lauder Companies-cl A | +0.4% | +114.34% | 加碼 |
| 9 | IDXX | Idexx Laboratories Inc | +0.4% | +125.09% | 加碼 |
| 10 | XYZ | Block Inc | +0.3% | +97.14% | 加碼 |
| 11 | BKNG | Booking Holdings Inc | +0.3% | +87.18% | 加碼 |
| 12 | V | Visa Inc-class A Shares | +0.2% | +90.77% | 加碼 |
| 13 | MCD | Mcdonald's CORP | +0.2% | +124.55% | 加碼 |
| 14 | RTX | Rtx CORP | +0.2% | +3.31% | 加碼 |
| 15 | LLY | Eli Lilly & Co | +0.2% | +108.12% | 加碼 |
| 16 | XYL | Xylem Inc | +0.2% | +4.23% | 加碼 |
| 17 | DXCM | Dexcom Inc | +0.1% | +80.61% | 加碼 |
| 18 | DIS | Walt Disney Co/the | +0.1% | +8.97% | 加碼 |
| 19 | LMT | Lockheed Martin CORP | — | — | 不變 |
| 20 | AMZN | Amazon.com Inc | 0% | +6.49% | 加碼 |
| 21 | NOC | Northrop Grumman CORP | 0% | — | 不變 |
| 22 | AAAU | Goldman Sachs Physical Gold | -0.1% | -49.99% | 減碼 |
| 23 | BF-B | Brown-forman Corp-class B | -0.1% | -11.38% | 減碼 |
| 24 | BRK-B | Berkshire Hathaway Inc-cl B | -0.1% | — | 不變 |
| 25 | LIN | Linde plc | -0.1% | — | 加碼 |
| 26 | ICE | Intercontinental Exchange In | -0.6% | +8.29% | 加碼 |
| 27 | AMT | American Tower CORP | -0.9% | -2.66% | 減碼 |
| 28 | TMO | Thermo Fisher Scientific Inc | -1% | -14.13% | 減碼 |
| 29 | MA | Mastercard Inc - A | -1% | +0.75% | 加碼 |
| 30 | ABT | Abbott Laboratories | -1.2% | -10.85% | 減碼 |
| 31 | ZTS | Zoetis Inc | -1.2% | -8.08% | 減碼 |
| 32 | OTIS | Otis Worldwide CORP | -1.3% | -3.43% | 減碼 |
| 33 | CRM | Salesforce Inc | -1.6% | -3.73% | 減碼 |
| 34 | HON | Honeywell International Inc | -1.6% | -11.74% | 減碼 |
| 35 | ADBE | Adobe Inc | -3.5% | -97.46% | 減碼 |
| 36 | LRCX | Lam Research CORP | — | NEW | 新建倉 |
| 37 | NKE | Nike Inc -cl B | — | NEW | 新建倉 |
| 38 | HD | Home Depot Inc | — | NEW | 新建倉 |
| 39 | ISRG | Intuitive Surgical Inc | — | NEW | 新建倉 |
| 40 | IT | Gartner Inc | — | NEW | 新建倉 |
| 41 | LOW | Lowe's Cos Inc | — | NEW | 新建倉 |
| 42 | ✓ | Intuitive Surgical Inc | — | EXIT | 清倉 |
| 43 | AMAT | Applied Materials Inc | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，J. Stern & Co. LLP 在 Q3 2025 季度的美股持倉總市值約為 US$10.6億，共申報了 42 個公開持股部位。
在 Q3 2025 季度，J. Stern & Co. LLP 按市值排列的前三大核心持股分別為：NVDA (12.9%)、APH (7.5%)、META (7.3%)。其中最大持股部位 NVDA 佔據整體投資組合約 12.9% 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
LRCX
市值: US$1179.6萬
本季最大獲利了結 / 清倉標的
Intuitive Surgical Inc
前期市值: US$236.3萬
在 Q3 2025 季度中，J. Stern & Co. LLP 共進行了 40 項持倉異動，包含新建倉 7 個部位、加碼 19 個部位、減碼 13 個部位以及清倉 1 個部位。 其中最大新建倉標的為 LRCX。 本季清倉部位包含 Intuitive Surgical Inc。
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。