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: 0001537783
申報總市值
US$40.3億
US$40.3億
502 檔
22.4%
截至 Q2 2025 季度末，Kentucky Retirement Systems 的美股持倉估值約為 US$40.3億，全數申報部位共有 502 檔。
Kentucky Retirement Systems 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 194 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 22.4%，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 502 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 | 6.94% | +2.62% | -6.15% | |
| 2 | NVDA | Nvidia CORP | 股票-科技 | 6.93% | +7.28% | -6.15% | |
| 3 | AAPL | Apple Inc | 股票-科技 | 5.67% | +3.48% | -6.15% | |
| 4 | AMZN | Amazon.com Inc | 股票-循環性消費 | 3.86% | +2.69% | -6.15% | |
| 5 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 3.03% | +1.39% | -6.15% | |
| 6 | AVGO | Broadcom Inc | 股票-科技 | 2.38% | +2.73% | NEW | |
| 7 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.94% | +3.26% | NEW | |
| 8 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.67% | +0.16% | -6.15% | |
| 9 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.66% | +0.06% | +1.78% | |
| 10 | TSLA | Tesla Inc | 股票-循環性消費 | 1.66% | +1.86% | NEW | |
| 11 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.61% | +2.63% | NEW | |
| 12 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.17% | +1.20% | -6.15% | |
| 13 | V | Visa Inc-class A Shares | 股票-金融 | 1.15% | +0.22% | -6.15% | |
| 14 | NFLX | Netflix Inc | 股票-通訊服務 | 1.07% | +0.34% | -6.15% | |
| 15 | XOM | Exxon Mobil CORP | 股票-能源 | 0.89% | -1.76% | -6.15% | |
| 16 | MA | Mastercard Inc - A | 股票-金融 | 0.86% | +0.13% | -6.15% | |
| 17 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.82% | +0.34% | -6.15% | |
| 18 | WMT | Walmart Inc | 股票-非循環性消費 | 0.80% | — | -6.15% | |
| 19 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.71% | -0.80% | -6.15% | |
| 20 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.69% | -0.60% | -6.15% | |
| 21 | HD | Home Depot Inc | 股票-循環性消費 | 0.68% | -0.15% | -6.15% | |
| 22 | ORCL | Oracle CORP | 股票-科技 | 0.66% | -0.42% | -6.15% | |
| 23 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.62% | +0.19% | -6.15% | |
| 24 | BAC | Bank Of America CORP | 股票-金融 | 0.59% | -0.41% | -6.15% | |
| 25 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.54% | +0.13% | -6.15% | |
| 26 | PM | Philip Morris International | 股票-非循環性消費 | 0.53% | -0.40% | -6.15% | |
| 27 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.53% | +0.40% | NEW | |
| 28 | GE | General Electric | 股票-工業 | 0.52% | +0.61% | NEW | |
| 29 | CSCO | Cisco Systems Inc | 股票-科技 | 0.52% | — | -6.15% | |
| 30 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.52% | -0.45% | -6.15% | |
| 31 | IBM | Intl Business Machines CORP | 股票-科技 | 0.51% | -0.75% | -6.15% | |
| 32 | WFC | Wells Fargo & Co | 股票-金融 | 0.49% | -0.92% | -6.15% | |
| 33 | CRM | Salesforce Inc | 股票-科技 | 0.47% | +0.03% | -6.15% | |
| 34 | ABT | Abbott Laboratories | 股票-醫療保健 | 0.44% | -0.11% | -6.15% | |
| 35 | CVX | Chevron CORP | 股票-能源 | 0.44% | -0.96% | -6.15% | |
| 36 | AMD | Advanced Micro Devices | 股票-科技 | 0.43% | +1.47% | NEW | |
| 37 | LIN | Linde plc | 股票-原物料 | 0.42% | +0.38% | NEW | |
| 38 | DIS | Walt Disney Co/the | 股票-通訊服務 | 0.42% | -0.49% | -6.15% | |
| 39 | INTU | Intuit Inc | 股票-科技 | 0.40% | -0.02% | -6.15% | |
| 40 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.40% | +0.02% | -6.15% | |
| 41 | NOW | Servicenow Inc | 股票-科技 | 0.40% | +0.16% | NEW | |
| 42 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.39% | -0.28% | -6.15% | |
| 43 | T | At&t Inc | 股票-通訊服務 | 0.39% | -0.90% | -6.15% | |
| 44 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.38% | -0.38% | -6.15% | |
| 45 | RTX | Rtx CORP | 股票-工業 | 0.36% | +0.40% | NEW | |
| 46 | ISRG | Intuitive Surgical Inc | 股票-醫療保健 | 0.36% | +0.13% | -6.15% | |
| 47 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 0.36% | +0.23% | NEW | |
| 48 | UBER | Uber Technologies Inc | 股票-工業 | 0.36% | +0.23% | NEW | |
| 49 | TXN | Texas Instruments Inc | 股票-科技 | 0.35% | +0.13% | -6.15% | |
| 50 | ACN | Accenture plc | 股票-科技 | 0.35% | -0.20% | -6.15% |
| # | 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% | -6.15% | 減碼 |
| 2 | MSFT | Microsoft CORP | +1.1% | -6.15% | 減碼 |
| 3 | AVGO | Broadcom Inc | +0.8% | -6.15% | 減碼 |
| 4 | META | Meta Platforms Inc-class A | +0.4% | -6.15% | 減碼 |
| 5 | NFLX | Netflix Inc | +0.2% | -6.15% | 減碼 |
| 6 | JPM | Jpmorgan Chase & Co | +0.2% | +1.78% | 加碼 |
| 7 | ORCL | Oracle CORP | +0.2% | -6.15% | 減碼 |
| 8 | PLTR | Palantir Technologies Inc-a | +0.2% | -6.15% | 減碼 |
| 9 | TSLA | Tesla Inc | +0.2% | -6.15% | 減碼 |
| 10 | AMZN | Amazon.com Inc | +0.1% | -6.15% | 減碼 |
| 11 | COF | Capital One Financial CORP | +0.1% | +57.01% | 加碼 |
| 12 | GEV | GE Vernova Inc | +0.1% | -6.15% | 減碼 |
| 13 | AMD | Advanced Micro Devices | +0.1% | -6.15% | 減碼 |
| 14 | GE | General Electric | +0.1% | -6.15% | 減碼 |
| 15 | GS | Goldman Sachs Group Inc | +0.1% | -6.15% | 減碼 |
| 16 | NOW | Servicenow Inc | +0.1% | -6.15% | 減碼 |
| 17 | APH | Amphenol Corp-cl A | +0.1% | -6.15% | 減碼 |
| 18 | CEG | Constellation Energy | +0.1% | -6.15% | 減碼 |
| 19 | COIN | Coinbase Global Inc -class A | +0.1% | -6.15% | 減碼 |
| 20 | GOOGL | Alphabet Inc-cl A | +0.1% | -6.15% | 減碼 |
| 21 | INTU | Intuit Inc | +0.1% | -6.15% | 減碼 |
| 22 | DIS | Walt Disney Co/the | +0.1% | -6.15% | 減碼 |
| 23 | MU | Micron Technology Inc | +0.1% | -6.15% | 減碼 |
| 24 | UBER | Uber Technologies Inc | +0.1% | -6.15% | 減碼 |
| 25 | CRWD | Crowdstrike Holdings Inc - A | +0.1% | -6.15% | 減碼 |
| 26 | BKNG | Booking Holdings Inc | 0% | -6.19% | 減碼 |
| 27 | SPOT | Spotify Technology S.A. | 0% | -6.15% | 減碼 |
| 28 | ETN | Eaton Corporation plc | 0% | -6.15% | 減碼 |
| 29 | LRCX | Lam Research CORP | 0% | -6.15% | 減碼 |
| 30 | VST | Vistra CORP | 0% | -6.15% | 減碼 |
| 31 | NET | Cloudflare Inc - Class A | 0% | -6.15% | 減碼 |
| 32 | RBLX | Roblox CORP -class A | 0% | -6.15% | 減碼 |
| 33 | MSTR | Strategy Inc | 0% | -6.15% | 減碼 |
| 34 | RCL | Royal Caribbean Cruises Ltd. | 0% | -6.15% | 減碼 |
| 35 | VRT | Vertiv Holdings Co-a | 0% | -6.15% | 減碼 |
| 36 | GOOG | Alphabet Inc-cl C | 0% | -6.15% | 減碼 |
| 37 | IBM | Intl Business Machines CORP | 0% | -6.15% | 減碼 |
| 38 | AMAT | Applied Materials Inc | 0% | -6.15% | 減碼 |
| 39 | KLAC | Kla CORP | 0% | -6.15% | 減碼 |
| 40 | SNOW | Snowflake Inc | 0% | -6.14% | 減碼 |
| 41 | ANET | Arista Networks Inc | 0% | -6.15% | 減碼 |
| 42 | HWM | Howmet Aerospace Inc | 0% | -6.15% | 減碼 |
| 43 | AXON | Axon Enterprise Inc | 0% | -6.16% | 減碼 |
| 44 | DASH | Doordash Inc - A | 0% | -6.15% | 減碼 |
| 45 | APP | Applovin Corp-class A | 0% | -6.15% | 減碼 |
| 46 | TT | Trane Technologies plc | 0% | -6.15% | 減碼 |
| 47 | BA | Boeing Co/the | 0% | -6.15% | 減碼 |
| 48 | PM | Philip Morris International | 0% | -6.15% | 減碼 |
| 49 | MS | Morgan Stanley | 0% | -6.15% | 減碼 |
| 50 | C | Citigroup Inc | 0% | -6.15% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Kentucky Retirement Systems 在 Q2 2025 季度的美股持倉總市值約為 US$40.3億，共申報了 502 個公開持股部位。
在 Q2 2025 季度，Kentucky Retirement Systems 按市值排列的前三大核心持股分別為：MSFT (6.9%)、NVDA (6.9%)、AAPL (5.7%)。其中最大持股部位 MSFT 佔據整體投資組合約 6.9% 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
RAL
市值: US$38.9萬
本季最大獲利了結 / 清倉標的
DFSEUR
前期市值: US$291.4萬
在 Q2 2025 季度中，Kentucky Retirement Systems 共進行了 200 項持倉異動，包含新建倉 1 個部位、加碼 5 個部位、減碼 193 個部位以及清倉 1 個部位。 其中最大新建倉標的為 RAL。 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。