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
24.4%
在 Q3 2025 的 13F 官方備案中，Kentucky Retirement Systems 管理的美股投資組合規模來到 US$40.3億，整體持股檔數為 502 檔。
從 Q3 2025 申報觀察，Kentucky Retirement Systems 採取防禦導向的調倉策略，本季減碼 166 檔個股並出清 10 檔部位，顯示機構在該時期進行風險控制與流動性回收。
在資產配置集中度方面，Kentucky Retirement Systems 的前 5 大核心持股（包含 NVDA, MSFT, AAPL 等）合計佔整體申報市值的 24.4%，反映機構在主要關鍵部位上的權重分佈。
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 | NVDA | Nvidia CORP | 股票-科技 | 7.58% | +7.28% | -2.04% | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 6.67% | +2.62% | -2.32% | |
| 3 | AAPL | Apple Inc | 股票-科技 | 6.45% | +3.48% | -3.09% | |
| 4 | AMZN | Amazon.com Inc | 股票-循環性消費 | 3.66% | +2.69% | +0.10% | |
| 5 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.78% | +1.39% | -2.40% | |
| 6 | AVGO | Broadcom Inc | 股票-科技 | 2.65% | +2.73% | NEW | |
| 7 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 2.45% | +3.26% | NEW | |
| 8 | TSLA | Tesla Inc | 股票-循環性消費 | 2.17% | +1.86% | NEW | |
| 9 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 2.00% | +2.63% | NEW | |
| 10 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.61% | +0.16% | -1.30% | |
| 11 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.52% | +0.06% | -10.72% | |
| 12 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.06% | +1.20% | -1.98% | |
| 13 | V | Visa Inc-class A Shares | 股票-金融 | 1.01% | +0.22% | -3.30% | |
| 14 | NFLX | Netflix Inc | 股票-通訊服務 | 0.88% | +0.34% | -2.99% | |
| 15 | XOM | Exxon Mobil CORP | 股票-能源 | 0.85% | -1.76% | -3.47% | |
| 16 | ORCL | Oracle CORP | 股票-科技 | 0.81% | -0.42% | +1.47% | |
| 17 | MA | Mastercard Inc - A | 股票-金融 | 0.80% | +0.13% | -2.28% | |
| 18 | WMT | Walmart Inc | 股票-非循環性消費 | 0.78% | — | -1.82% | |
| 19 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.77% | -0.60% | -2.29% | |
| 20 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.71% | +0.34% | -1.94% | |
| 21 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.71% | +0.19% | -2.06% | |
| 22 | HD | Home Depot Inc | 股票-循環性消費 | 0.70% | -0.15% | -1.68% | |
| 23 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.69% | +0.40% | NEW | |
| 24 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.63% | -0.80% | -2.50% | |
| 25 | BAC | Bank Of America CORP | 股票-金融 | 0.60% | -0.41% | -0.79% | |
| 26 | GE | General Electric | 股票-工業 | 0.55% | +0.61% | NEW | |
| 27 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.55% | +0.13% | -3.08% | |
| 28 | CVX | Chevron CORP | 股票-能源 | 0.52% | -0.96% | +14.94% | |
| 29 | CSCO | Cisco Systems Inc | 股票-科技 | 0.47% | — | -2.33% | |
| 30 | WFC | Wells Fargo & Co | 股票-金融 | 0.47% | -0.92% | -4.02% | |
| 31 | IBM | Intl Business Machines CORP | 股票-科技 | 0.46% | -0.75% | -0.66% | |
| 32 | AMD | Advanced Micro Devices | 股票-科技 | 0.45% | +1.47% | NEW | |
| 33 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.45% | -0.45% | -1.88% | |
| 34 | PM | Philip Morris International | 股票-非循環性消費 | 0.44% | -0.40% | -1.83% | |
| 35 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.42% | +0.02% | -2.39% | |
| 36 | ABT | Abbott Laboratories | 股票-醫療保健 | 0.40% | -0.11% | -1.94% | |
| 37 | RTX | Rtx CORP | 股票-工業 | 0.39% | +0.40% | NEW | |
| 38 | LIN | Linde plc | 股票-原物料 | 0.39% | +0.38% | NEW | |
| 39 | CRM | Salesforce Inc | 股票-科技 | 0.38% | +0.03% | -1.04% | |
| 40 | CAT | Caterpillar Inc | 股票-工業 | 0.38% | +0.42% | -6.04% | |
| 41 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.38% | -0.28% | -2.83% | |
| 42 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.37% | -0.38% | -2.67% | |
| 43 | DIS | Walt Disney Co/the | 股票-通訊服務 | 0.36% | -0.49% | -2.32% | |
| 44 | T | At&t Inc | 股票-通訊服務 | 0.34% | -0.90% | -4.29% | |
| 45 | UBER | Uber Technologies Inc | 股票-工業 | 0.34% | +0.23% | NEW | |
| 46 | PEP | Pepsico Inc | 股票-非循環性消費 | 0.33% | -0.48% | -2.37% | |
| 47 | NOW | Servicenow Inc | 股票-科技 | 0.33% | +0.16% | NEW | |
| 48 | MU | Micron Technology Inc | 股票-科技 | 0.32% | +1.88% | -0.72% | |
| 49 | INTU | Intuit Inc | 股票-科技 | 0.32% | -0.02% | -2.06% | |
| 50 | VZ | Verizon Communications Inc | 股票-通訊服務 | 0.32% | -0.57% | -1.83% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +2.3% | -2.04% | 減碼 |
| 2 | AVGO | Broadcom Inc | +1.1% | -1.65% | 減碼 |
| 3 | MSFT | Microsoft CORP | +0.9% | -2.32% | 減碼 |
| 4 | TSLA | Tesla Inc | +0.7% | -0.87% | 減碼 |
| 5 | GOOGL | Alphabet Inc-cl A | +0.6% | -3.14% | 減碼 |
| 6 | GOOG | Alphabet Inc-cl C | +0.4% | -4.47% | 減碼 |
| 7 | ORCL | Oracle CORP | +0.3% | +1.47% | 減碼 |
| 8 | PLTR | Palantir Technologies Inc-a | +0.3% | +3.93% | 減碼 |
| 9 | APP | Applovin Corp-class A | +0.2% | -10.92% | 減碼 |
| 10 | META | Meta Platforms Inc-class A | +0.2% | -2.40% | 減碼 |
| 11 | MU | Micron Technology Inc | +0.1% | -0.72% | 減碼 |
| 12 | GEV | GE Vernova Inc | +0.1% | -1.70% | 減碼 |
| 13 | AMD | Advanced Micro Devices | +0.1% | -2.01% | 減碼 |
| 14 | LRCX | Lam Research CORP | +0.1% | -2.56% | 減碼 |
| 15 | GE | General Electric | +0.1% | -4.30% | 減碼 |
| 16 | APH | Amphenol Corp-cl A | +0.1% | +0.00% | 減碼 |
| 17 | ANET | Arista Networks Inc | +0.1% | -1.92% | 減碼 |
| 18 | COF | Capital One Financial CORP | +0.1% | -2.77% | 加碼 |
| 19 | RBLX | Roblox CORP -class A | +0.1% | +13.99% | 加碼 |
| 20 | JPM | Jpmorgan Chase & Co | +0.1% | -10.72% | 減碼 |
| 21 | GS | Goldman Sachs Group Inc | +0.1% | -2.39% | 減碼 |
| 22 | KLAC | Kla CORP | +0.1% | -1.95% | 減碼 |
| 23 | NFLX | Netflix Inc | +0.1% | -2.99% | 減碼 |
| 24 | CAT | Caterpillar Inc | +0.1% | -6.04% | 減碼 |
| 25 | INTC | Intel CORP | +0.1% | -1.25% | 減碼 |
| 26 | CEG | Constellation Energy | +0.1% | -2.56% | 減碼 |
| 27 | COIN | Coinbase Global Inc -class A | +0.1% | +1.63% | 減碼 |
| 28 | NEM | Newmont CORP | +0.1% | -5.55% | 減碼 |
| 29 | VRT | Vertiv Holdings Co-a | +0.1% | +4.13% | 減碼 |
| 30 | NET | Cloudflare Inc - Class A | +0.1% | -0.69% | 減碼 |
| 31 | C | Citigroup Inc | 0% | -5.50% | 減碼 |
| 32 | MS | Morgan Stanley | 0% | -1.63% | 減碼 |
| 33 | AMAT | Applied Materials Inc | 0% | -3.46% | 減碼 |
| 34 | CRWD | Crowdstrike Holdings Inc - A | 0% | +3.97% | 減碼 |
| 35 | RCL | Royal Caribbean Cruises Ltd. | 0% | +4.72% | 減碼 |
| 36 | DASH | Doordash Inc - A | 0% | -0.55% | 減碼 |
| 37 | WDC | Western Digital CORP | 0% | -1.83% | 減碼 |
| 38 | GLW | Corning Inc | 0% | -0.19% | 減碼 |
| 39 | VST | Vistra CORP | 0% | -2.29% | 減碼 |
| 40 | UBER | Uber Technologies Inc | 0% | -2.98% | 減碼 |
| 41 | ETN | Eaton Corporation plc | 0% | -2.73% | 減碼 |
| 42 | HWM | Howmet Aerospace Inc | 0% | -3.04% | 減碼 |
| 43 | PWR | Quanta Services Inc | 0% | -0.66% | 減碼 |
| 44 | CDNS | Cadence Design Sys Inc | 0% | -1.93% | 減碼 |
| 45 | ALNY | Alnylam Pharmaceuticals Inc | 0% | -5.05% | 減碼 |
| 46 | WBD | Warner Bros Discovery Inc | 0% | -5.97% | 減碼 |
| 47 | BAC | Bank Of America CORP | 0% | -0.79% | 減碼 |
| 48 | RTX | Rtx CORP | 0% | -1.45% | 減碼 |
| 49 | BLK | Blackrock Inc | 0% | +1.23% | 減碼 |
| 50 | SNOW | Snowflake Inc | 0% | -1.93% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Kentucky Retirement Systems 在 Q3 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 Q3 2025 季度，Kentucky Retirement Systems 按市值排列的前三大核心持股分別為：NVDA (7.6%)、MSFT (6.7%)、AAPL (6.5%)。其中最大持股部位 NVDA 佔據整體投資組合約 7.6% 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
HOOD
市值: US$665.3萬
本季最大獲利了結 / 清倉標的
HES
前期市值: US$304.7萬
在 Q3 2025 季度中，Kentucky Retirement Systems 共進行了 200 項持倉異動，包含新建倉 17 個部位、加碼 7 個部位、減碼 166 個部位以及清倉 10 個部位。 其中最大新建倉標的為 HOOD。 本季清倉部位包含 HES。
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。