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: 0001584686
申報總市值
US$16.7億
US$16.7億
490 檔
23.0%
Q2 2025 季度申報顯示，Kentucky Retirement Systems Insurance Trust Fund 揭露的美股組合總市值為 US$16.7億，涵蓋 490 個不同之權益投資部位。
Kentucky Retirement Systems Insurance Trust Fund 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 193 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 MSFT, NVDA, AAPL）占據了總市值的 23.0%，展現出該機構在 Q2 2025 的重點資金聚焦與風險分佈特徵。
僅顯示前 200 大持股（共 490 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 | 6.95% | -0.58% | -6.48% | |
| 2 | NVDA | Nvidia CORP | 股票-科技 | 6.94% | +0.03% | -6.48% | |
| 3 | AAPL | Apple Inc | 股票-科技 | 5.68% | -0.10% | -6.48% | |
| 4 | AMZN | Amazon.com Inc | 股票-循環性消費 | 3.87% | +0.01% | -6.48% | |
| 5 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 3.04% | -0.31% | -6.48% | |
| 6 | AVGO | Broadcom Inc | 股票-科技 | 2.38% | +0.18% | -6.48% | |
| 7 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.94% | +0.27% | -6.48% | |
| 8 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.67% | -0.13% | -6.48% | |
| 9 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.66% | -0.04% | +1.50% | |
| 10 | TSLA | Tesla Inc | 股票-循環性消費 | 1.66% | -0.02% | -6.48% | |
| 11 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.62% | +0.20% | -6.48% | |
| 12 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.17% | +0.19% | -6.48% | |
| 13 | V | Visa Inc-class A Shares | 股票-金融 | 1.15% | — | -6.48% | |
| 14 | NFLX | Netflix Inc | 股票-通訊服務 | 1.08% | -0.26% | -6.48% | |
| 15 | XOM | Exxon Mobil CORP | 股票-能源 | 0.89% | -0.38% | -6.48% | |
| 16 | MA | Mastercard Inc - A | 股票-金融 | 0.86% | -0.08% | -6.48% | |
| 17 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.82% | -0.14% | -6.48% | |
| 18 | WMT | Walmart Inc | 股票-非循環性消費 | 0.80% | -0.20% | -6.48% | |
| 19 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.71% | -0.07% | -6.48% | |
| 20 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.69% | -0.09% | -6.48% | |
| 21 | HD | Home Depot Inc | 股票-循環性消費 | 0.68% | -0.04% | -6.48% | |
| 22 | ORCL | Oracle CORP | 股票-科技 | 0.66% | -0.05% | -6.48% | |
| 23 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.62% | +0.01% | -6.48% | |
| 24 | BAC | Bank Of America CORP | 股票-金融 | 0.59% | — | -6.48% | |
| 25 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.54% | +0.15% | -6.48% | |
| 26 | PM | Philip Morris International | 股票-非循環性消費 | 0.53% | -0.02% | -6.48% | |
| 27 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.53% | -0.17% | -6.48% | |
| 28 | GE | General Electric | 股票-工業 | 0.52% | +0.08% | -6.48% | |
| 29 | CSCO | Cisco Systems Inc | 股票-科技 | 0.52% | +0.18% | -6.48% | |
| 30 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.52% | -0.03% | -6.48% | |
| 31 | IBM | Intl Business Machines CORP | 股票-科技 | 0.51% | +0.01% | -6.49% | |
| 32 | WFC | Wells Fargo & Co | 股票-金融 | 0.50% | -0.05% | -6.48% | |
| 33 | CRM | Salesforce Inc | 股票-科技 | 0.47% | -0.09% | -6.48% | |
| 34 | ABT | Abbott Laboratories | 股票-醫療保健 | 0.44% | -0.07% | -6.48% | |
| 35 | CVX | Chevron CORP | 股票-能源 | 0.44% | -0.21% | -6.48% | |
| 36 | AMD | Advanced Micro Devices | 股票-科技 | 0.43% | +0.88% | -6.48% | |
| 37 | LIN | Linde plc | 股票-原物料 | 0.42% | -0.04% | -6.47% | |
| 38 | DIS | Walt Disney Co/the | 股票-通訊服務 | 0.42% | -0.04% | -6.48% | |
| 39 | INTU | Intuit Inc | 股票-科技 | 0.40% | -0.10% | -6.48% | |
| 40 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.40% | +0.02% | -6.48% | |
| 41 | NOW | Servicenow Inc | 股票-科技 | 0.40% | -0.03% | -6.48% | |
| 42 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.40% | -0.10% | -6.49% | |
| 43 | T | At&t Inc | 股票-通訊服務 | 0.39% | -0.14% | -6.48% | |
| 44 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.38% | -0.04% | -6.48% | |
| 45 | RTX | Rtx CORP | 股票-工業 | 0.36% | -0.06% | -6.48% | |
| 46 | ISRG | Intuitive Surgical Inc | 股票-醫療保健 | 0.36% | -0.07% | -6.48% | |
| 47 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 0.36% | -0.02% | -6.54% | |
| 48 | UBER | Uber Technologies Inc | 股票-工業 | 0.36% | -0.03% | -6.48% | |
| 49 | TXN | Texas Instruments Inc | 股票-科技 | 0.35% | +0.10% | -6.48% | |
| 50 | ACN | Accenture plc | 股票-科技 | 0.35% | -0.10% | -6.49% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +1.7% | -6.48% | 減碼 |
| 2 | MSFT | Microsoft CORP | +1.1% | -6.48% | 減碼 |
| 3 | AVGO | Broadcom Inc | +0.8% | -6.48% | 減碼 |
| 4 | META | Meta Platforms Inc-class A | +0.4% | -6.48% | 減碼 |
| 5 | NFLX | Netflix Inc | +0.3% | -6.48% | 減碼 |
| 6 | JPM | Jpmorgan Chase & Co | +0.2% | +1.50% | 加碼 |
| 7 | ORCL | Oracle CORP | +0.2% | -6.48% | 減碼 |
| 8 | PLTR | Palantir Technologies Inc-a | +0.2% | -6.48% | 減碼 |
| 9 | TSLA | Tesla Inc | +0.2% | -6.48% | 減碼 |
| 10 | AMZN | Amazon.com Inc | +0.2% | -6.48% | 減碼 |
| 11 | COF | Capital One Financial CORP | +0.1% | +56.45% | 加碼 |
| 12 | GEV | GE Vernova Inc | +0.1% | -6.49% | 減碼 |
| 13 | AMD | Advanced Micro Devices | +0.1% | -6.48% | 減碼 |
| 14 | GE | General Electric | +0.1% | -6.48% | 減碼 |
| 15 | GS | Goldman Sachs Group Inc | +0.1% | -6.48% | 減碼 |
| 16 | NOW | Servicenow Inc | +0.1% | -6.48% | 減碼 |
| 17 | APH | Amphenol Corp-cl A | +0.1% | -6.48% | 減碼 |
| 18 | CEG | Constellation Energy | +0.1% | -6.49% | 減碼 |
| 19 | COIN | Coinbase Global Inc -class A | +0.1% | -6.48% | 減碼 |
| 20 | MU | Micron Technology Inc | +0.1% | -6.48% | 減碼 |
| 21 | GOOGL | Alphabet Inc-cl A | +0.1% | -6.48% | 減碼 |
| 22 | INTU | Intuit Inc | +0.1% | -6.48% | 減碼 |
| 23 | DIS | Walt Disney Co/the | +0.1% | -6.48% | 減碼 |
| 24 | UBER | Uber Technologies Inc | +0.1% | -6.48% | 減碼 |
| 25 | CRWD | Crowdstrike Holdings Inc - A | +0.1% | -6.47% | 減碼 |
| 26 | GOOG | Alphabet Inc-cl C | 0% | -6.48% | 減碼 |
| 27 | BKNG | Booking Holdings Inc | 0% | -6.54% | 減碼 |
| 28 | SPOT | Spotify Technology S.A. | 0% | -6.48% | 減碼 |
| 29 | ETN | Eaton Corporation plc | 0% | -6.48% | 減碼 |
| 30 | LRCX | Lam Research CORP | 0% | -6.48% | 減碼 |
| 31 | VST | Vistra CORP | 0% | -6.48% | 減碼 |
| 32 | NET | Cloudflare Inc - Class A | 0% | -6.48% | 減碼 |
| 33 | RBLX | Roblox CORP -class A | 0% | -6.48% | 減碼 |
| 34 | MSTR | Strategy Inc | 0% | -6.47% | 減碼 |
| 35 | RCL | Royal Caribbean Cruises Ltd. | 0% | -6.48% | 減碼 |
| 36 | VRT | Vertiv Holdings Co-a | 0% | -6.48% | 減碼 |
| 37 | IBM | Intl Business Machines CORP | 0% | -6.49% | 減碼 |
| 38 | AMAT | Applied Materials Inc | 0% | -6.48% | 減碼 |
| 39 | KLAC | Kla CORP | 0% | -6.49% | 減碼 |
| 40 | SNOW | Snowflake Inc | 0% | -6.49% | 減碼 |
| 41 | ANET | Arista Networks Inc | 0% | -6.48% | 減碼 |
| 42 | AXON | Axon Enterprise Inc | 0% | -6.49% | 減碼 |
| 43 | HWM | Howmet Aerospace Inc | 0% | -6.48% | 減碼 |
| 44 | DASH | Doordash Inc - A | 0% | -6.48% | 減碼 |
| 45 | APP | Applovin Corp-class A | 0% | -6.48% | 減碼 |
| 46 | TT | Trane Technologies plc | 0% | -6.47% | 減碼 |
| 47 | BA | Boeing Co/the | 0% | -6.48% | 減碼 |
| 48 | PM | Philip Morris International | 0% | -6.48% | 減碼 |
| 49 | MS | Morgan Stanley | 0% | -6.48% | 減碼 |
| 50 | C | Citigroup Inc | 0% | -6.48% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Kentucky Retirement Systems Insurance Trust Fund 在 Q2 2025 季度的美股持倉總市值約為 US$16.7億，共申報了 490 個公開持股部位。
在 Q2 2025 季度，Kentucky Retirement Systems Insurance Trust Fund 按市值排列的前三大核心持股分別為：MSFT (7.0%)、NVDA (6.9%)、AAPL (5.7%)。其中最大持股部位 MSFT 佔據整體投資組合約 7.0% 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
MGM
市值: US$21.4萬
本季最大獲利了結 / 清倉標的
DFSEUR
前期市值: US$124.1萬
在 Q2 2025 季度中，Kentucky Retirement Systems Insurance Trust Fund 共進行了 200 項持倉異動，包含新建倉 2 個部位、加碼 5 個部位、減碼 188 個部位以及清倉 5 個部位。 其中最大新建倉標的為 MGM。 本季清倉部位包含 DFSEUR。
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。