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: 0001085227
申報總市值
US$7.5億
US$7.5億
74 檔
25.1%
Jlb & Associates Inc 在 Q3 2025 季度的美股部位總計估值為 US$7.5億，分散於 74 個持倉標的之中，反映其市場參與廣度與投資規模。
從 Q3 2025 申報觀察，Jlb & Associates Inc 採取防禦導向的調倉策略，本季減碼 36 檔個股並出清 3 檔部位，顯示機構在該時期進行風險控制與流動性回收。
從部位權重觀察，前 5 大標的（包含 ORCL, APH, AAPL）累計市值佔比達 25.1%，是驅動 Jlb & Associates Inc 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 | ORCL | Oracle CORP | 股票-科技 | 6.10% | -0.25% | -6.32% | |
| 2 | APH | Amphenol Corp-cl A | 股票-科技 | 5.08% | +1.55% | -5.39% | |
| 3 | AAPL | Apple Inc | 股票-科技 | 4.92% | -0.31% | -0.38% | |
| 4 | TJX | Tjx Companies Inc | 股票-循環性消費 | 4.35% | -0.54% | +0.29% | |
| 5 | MA | Mastercard Inc - A | 股票-金融 | 4.26% | -0.20% | -0.50% | |
| 6 | MSFT | Microsoft CORP | 股票-科技 | 4.09% | -0.23% | -1.87% | |
| 7 | CASY | Casey's General Stores Inc | 股票-循環性消費 | 3.68% | — | +5.68% | |
| 8 | ORLY | O'reilly Automotive Inc | 股票-循環性消費 | 3.25% | -0.27% | -0.93% | |
| 9 | AON | Aon plc | 股票-金融 | 3.10% | — | -1.21% | |
| 10 | SEIC | Sei Investments Company | 股票-金融 | 2.97% | +0.15% | -0.64% | |
| 11 | KLAC | Kla CORP | 股票-科技 | 2.95% | +3.38% | -2.13% | |
| 12 | ROL | Rollins Inc | 股票-循環性消費 | 2.69% | -0.74% | -0.15% | |
| 13 | ROST | Ross Stores Inc | 股票-循環性消費 | 2.66% | -0.44% | -0.20% | |
| 14 | PGR | Progressive CORP | 股票-金融 | 2.65% | +0.02% | -0.66% | |
| 15 | AMGN | Amgen Inc | 股票-醫療保健 | 2.49% | -0.18% | +1.11% | |
| 16 | NOC | Northrop Grumman CORP | 股票-工業 | 2.39% | -0.84% | +0.01% | |
| 17 | CPRT | Copart Inc | 股票-工業 | 2.37% | -0.51% | +1.14% | |
| 18 | GGG | Graco Inc | 股票-工業 | 2.33% | -0.45% | -0.16% | |
| 19 | PKG | Packaging CORP Of America | 股票-循環性消費 | 2.28% | -0.15% | +0.77% | |
| 20 | SHW | Sherwin-williams Co/the | 股票-原物料 | 1.88% | -0.86% | +7.46% | |
| 21 | EXPD | Expeditors Intl Wash Inc | 股票-工業 | 1.82% | +0.09% | -0.41% | |
| 22 | TTC | Toro Co | 股票-工業 | 1.74% | -0.66% | -0.56% | |
| 23 | ACN | Accenture plc | 股票-科技 | 1.71% | — | +0.51% | |
| 24 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 1.65% | -0.49% | EXIT | |
| 25 | NVO | Novo-nordisk A/s-spons Adr | 股票-醫療保健 | 1.60% | +0.23% | +0.65% | |
| 26 | MRSH | Marsh & Mclennan Cos | 股票-金融 | 1.52% | -0.28% | +1.14% | |
| 27 | AME | Ametek Inc | 股票-工業 | 1.51% | +0.05% | — | |
| 28 | HSY | Hershey Co/the | 股票-非循環性消費 | 1.37% | -1.18% | EXIT | |
| 29 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 1.34% | +1.02% | -0.60% | |
| 30 | PEP | Pepsico Inc | 股票-非循環性消費 | 1.31% | -0.30% | +2.47% | |
| 31 | SYK | Stryker CORP | 股票-醫療保健 | 1.30% | -0.35% | -0.11% | |
| 32 | ABBV | Abbvie Inc | 股票-醫療保健 | 1.28% | +0.05% | -1.04% | |
| 33 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.13% | +0.76% | +4.58% | |
| 34 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 0.98% | -1.56% | EXIT | |
| 35 | CNI | Canadian Natl Railway Co | 股票-工業 | 0.96% | +0.01% | -1.77% | |
| 36 | AXP | American Express Co | 股票-金融 | 0.85% | +0.06% | +2.14% | |
| 37 | ALLE | Allegion plc | 股票-工業 | 0.80% | -0.15% | +4.30% | |
| 38 | V | Visa Inc-class A Shares | 股票-金融 | 0.76% | +0.07% | +5.34% | |
| 39 | PRI | Primerica Inc | 股票-金融 | 0.68% | +0.04% | +0.93% | |
| 40 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.65% | -0.24% | +42.11% | |
| 41 | PCAR | Paccar Inc | 股票-工業 | 0.63% | -0.46% | -1.03% | |
| 42 | ✓ | Service CORP Intl | 股票-其他 | 0.59% | — | +39.78% | |
| 43 | HSIC | Henry Schein Inc | 股票-醫療保健 | 0.59% | -0.20% | EXIT | |
| 44 | CP | Canadian Pacific Kansas City Limited | 股票-工業 | 0.54% | — | -24.71% | |
| 45 | LOW | Lowe's Cos Inc | 股票-循環性消費 | 0.53% | -0.47% | -1.37% | |
| 46 | CBRE | Cbre Group Inc - A | 股票-房地產 | 0.51% | -0.14% | -1.84% | |
| 47 | A | Agilent Technologies Inc | 股票-醫療保健 | 0.49% | -0.10% | EXIT | |
| 48 | CTSH | Cognizant Tech Solutions-a | 股票-科技 | 0.46% | -0.24% | -1.05% | |
| 49 | FDS | Factset Research Systems Inc | 股票-金融 | 0.40% | — | -0.63% | |
| 50 | TROW | T Rowe Price Group Inc | 股票-金融 | 0.39% | -0.17% | EXIT |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | ORCL | Oracle CORP | +2.5% | -6.32% | 減碼 |
| 2 | APH | Amphenol Corp-cl A | +1.8% | -5.39% | 減碼 |
| 3 | CASY | Casey's General Stores Inc | +1% | +5.68% | 加碼 |
| 4 | KLAC | Kla CORP | +0.9% | -2.13% | 減碼 |
| 5 | MSFT | Microsoft CORP | +0.7% | -1.87% | 減碼 |
| 6 | TJX | Tjx Companies Inc | +0.4% | +0.29% | 減碼 |
| 7 | TSM | Taiwan Semiconductor-sp Adr | +0.4% | -0.60% | 減碼 |
| 8 | META | Meta Platforms Inc-class A | +0.4% | +42.11% | 加碼 |
| 9 | GOOGL | Alphabet Inc-cl A | +0.3% | +5.04% | 加碼 |
| 10 | NOC | Northrop Grumman CORP | +0.3% | +0.01% | 加碼 |
| 11 | ROST | Ross Stores Inc | +0.3% | -0.20% | 減碼 |
| 12 | ALLE | Allegion plc | +0.2% | +4.30% | 加碼 |
| 13 | ORLY | O'reilly Automotive Inc | +0.2% | -0.93% | 加碼 |
| 14 | ✓ | Service CORP Intl | +0.2% | +39.78% | 加碼 |
| 15 | AXP | American Express Co | +0.2% | +2.14% | 加碼 |
| 16 | AVGO | Broadcom Inc | +0.2% | -4.66% | 減碼 |
| 17 | ✓ | Seagate Technology | +0.1% | -7.22% | 減碼 |
| 18 | SHW | Sherwin-williams Co/the | +0.1% | +7.46% | 加碼 |
| 19 | PKG | Packaging CORP Of America | +0.1% | +0.77% | 減碼 |
| 20 | ROL | Rollins Inc | — | -0.15% | 減碼 |
| 21 | ABBV | Abbvie Inc | — | -1.04% | 減碼 |
| 22 | SEIC | Sei Investments Company | 0% | -0.64% | 減碼 |
| 23 | MKC | Mccormick & Co-non Vtg Shrs | -0.1% | -4.17% | 減碼 |
| 24 | CP | Canadian Pacific Kansas City | -0.1% | -40.75% | 減碼 |
| 25 | TROW | T Rowe Price Group Inc | -0.1% | -2.47% | 減碼 |
| 26 | DEO | Diageo Plc-sponsored Adr | -0.1% | -15.64% | 減碼 |
| 27 | CP | Canadian Pacific Kansas City Limited | -0.1% | -24.71% | 減碼 |
| 28 | CTSH | Cognizant Tech Solutions-a | -0.1% | -1.05% | 減碼 |
| 29 | CNI | Canadian Natl Railway Co | -0.1% | -1.77% | 減碼 |
| 30 | TNET | Trinet Group Inc | -0.2% | -15.65% | 減碼 |
| 31 | UPS | United Parcel Service-cl B | -0.2% | -52.35% | 減碼 |
| 32 | SLGN | Silgan Holdings Inc | -0.2% | -20.03% | 減碼 |
| 33 | HSIC | Henry Schein Inc | -0.2% | -11.14% | 減碼 |
| 34 | LLY | Eli Lilly & Co | -0.2% | +4.58% | 減碼 |
| 35 | AAPL | Apple Inc | -0.2% | -0.38% | 減碼 |
| 36 | PEP | Pepsico Inc | -0.2% | +2.47% | 減碼 |
| 37 | NKE | Nike Inc -cl B | -0.2% | -23.32% | 減碼 |
| 38 | FDS | Factset Research Systems Inc | -0.3% | -0.63% | 減碼 |
| 39 | AMGN | Amgen Inc | -0.4% | +1.11% | 減碼 |
| 40 | NVO | Novo-nordisk A/s-spons Adr | -0.5% | +0.65% | 加碼 |
| 41 | MRSH | Marsh & Mclennan Cos | -0.6% | +1.14% | 減碼 |
| 42 | ACN | Accenture plc | -0.6% | +0.51% | 減碼 |
| 43 | AON | Aon plc | -0.7% | -1.21% | 減碼 |
| 44 | PGR | Progressive CORP | -0.8% | -0.66% | 減碼 |
| 45 | CPRT | Copart Inc | -0.9% | +1.14% | 減碼 |
| 46 | UNH | Unitedhealth Group Inc | -1.1% | -2.09% | 減碼 |
| 47 | MOH | Molina Healthcare Inc | — | EXIT | 清倉 |
| 48 | TGT | Target CORP | — | EXIT | 清倉 |
| 49 | RHI | Robert Half Inc | — | EXIT | 清倉 |
| 50 | WSM | Williams-sonoma Inc | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Jlb & Associates Inc 在 Q3 2025 季度的美股持倉總市值約為 US$7.5億，共申報了 74 個公開持股部位。
在 Q3 2025 季度，Jlb & Associates Inc 按市值排列的前三大核心持股分別為：ORCL (6.1%)、APH (5.1%)、AAPL (4.9%)。其中最大持股部位 ORCL 佔據整體投資組合約 6.1% 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
WSM
市值: US$48.2萬
本季最大獲利了結 / 清倉標的
MOH
前期市值: US$350.0萬
在 Q3 2025 季度中，Jlb & Associates Inc 共進行了 50 項持倉異動，包含新建倉 1 個部位、加碼 10 個部位、減碼 36 個部位以及清倉 3 個部位。 其中最大新建倉標的為 WSM。 本季清倉部位包含 MOH。
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。