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: 0002096459
申報總市值
US$16.5億
US$16.5億
162 檔
18.4%
在 Q2 2026 的 13F 官方備案中，Kepler Cheuvreux 管理的美股投資組合規模來到 US$16.5億，整體持股檔數為 162 檔。
觀察 Q2 2026 的資金脈絡，Kepler Cheuvreux 在獲利結算 45 檔個股的同時，將資本重新部署至 34 檔新選標的，展現主動管理機構的輪動節奏。
在資產配置集中度方面，Kepler Cheuvreux 的前 5 大核心持股（包含 AAPL, NVDA, CSCO 等）合計佔整體申報市值的 18.4%，反映機構在主要關鍵部位上的權重分佈。
| # | 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 | AAPL | Apple Inc | 股票-科技 | 4.08% | +0.34% | +53.54% | |
| 2 | NVDA | Nvidia CORP | 股票-科技 | 3.97% | +1.77% | +27.89% | |
| 3 | CSCO | Cisco Systems Inc | 股票-科技 | 3.18% | -1.42% | -33.07% | |
| 4 | MU | Micron Technology Inc | 股票-科技 | 3.09% | -0.34% | +21.93% | |
| 5 | ABBV | Abbvie Inc | 股票-醫療保健 | 3.01% | +0.30% | +57.68% | |
| 6 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 2.95% | +0.38% | +2.98% | |
| 7 | LRCX | Lam Research CORP | 股票-科技 | 2.93% | -0.76% | -17.46% | |
| 8 | KLAC | Kla CORP | 股票-科技 | 2.84% | -2.02% | +944.97% | |
| 9 | MSFT | Microsoft CORP | 股票-科技 | 2.57% | +0.92% | +2.93% | |
| 10 | CAH | Cardinal Health Inc | 股票-醫療保健 | 2.50% | -0.46% | +19.12% | |
| 11 | ENB | Enbridge Inc | 股票-能源 | 2.31% | -0.42% | +269.85% | |
| 12 | CAT | Caterpillar Inc | 股票-工業 | 2.27% | -2.08% | +21.39% | |
| 13 | NTAP | Netapp Inc | 股票-科技 | 2.10% | +0.41% | +35.63% | |
| 14 | VZ | Verizon Communications Inc | 股票-通訊服務 | 2.10% | +1.15% | +2416.92% | |
| 15 | TJX | Tjx Companies Inc | 股票-循環性消費 | 2.07% | — | +7.41% | |
| 16 | RY | Royal Bank Of Canada | 股票-金融 | 2.06% | +0.36% | -31.26% | |
| 17 | PFE | Pfizer Inc | 股票-醫療保健 | 1.94% | +0.08% | +101.93% | |
| 18 | KO | Coca-cola Co/the | 股票-非循環性消費 | 1.78% | +0.38% | -17.75% | |
| 19 | BNS | Bank Of Nova Scotia | 股票-金融 | 1.63% | +0.07% | -6.35% | |
| 20 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.55% | -0.83% | -32.18% | |
| 21 | QCOM | Qualcomm Inc | 股票-科技 | 1.50% | -0.24% | +147.28% | |
| 22 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 1.49% | +0.98% | +128.70% | |
| 23 | AVGO | Broadcom Inc | 股票-科技 | 1.48% | -1.14% | -6.66% | |
| 24 | CM | Can Imperial Bk Of Commerce | 股票-金融 | 1.48% | -1.09% | -44.88% | |
| 25 | GILD | Gilead Sciences Inc | 股票-醫療保健 | 1.44% | +0.96% | +52.41% | |
| 26 | ROST | Ross Stores Inc | 股票-循環性消費 | 1.31% | +0.67% | — | |
| 27 | SPG | Simon Property Group Inc | 股票-房地產 | 1.30% | +0.12% | +5.39% | |
| 28 | BAP | Credicorp Ltd. | 股票-金融 | 1.26% | -0.25% | -10.38% | |
| 29 | IBM | Intl Business Machines CORP | 股票-科技 | 1.25% | -1.19% | +18.02% | |
| 30 | AME | Ametek Inc | 股票-工業 | 1.25% | +0.87% | +510.87% | |
| 31 | T | At&t Inc | 股票-通訊服務 | 1.25% | -0.63% | +334.86% | |
| 32 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.24% | +1.41% | +7.63% | |
| 33 | LIN | Linde plc | 股票-原物料 | 1.24% | -0.05% | -12.96% | |
| 34 | HPQ | Hp Inc | 股票-科技 | 1.18% | -1.16% | — | |
| 35 | AMAT | Applied Materials Inc | 股票-科技 | 1.16% | -0.24% | — | |
| 36 | CDW | Cdw Corp/de | 股票-科技 | 1.08% | -1.08% | EXIT | |
| 37 | PEG | Public Service Enterprise Gp | 股票-公用事業 | 0.99% | -0.25% | +32.13% | |
| 38 | WMT | Walmart Inc | 股票-非循環性消費 | 0.99% | -0.89% | +73.57% | |
| 39 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.97% | -0.10% | +3.15% | |
| 40 | BMO | Bank Of Montreal | 股票-金融 | 0.91% | +0.75% | +85.81% | |
| 41 | BNY | Bank Of New York Mellon CORP | 股票-金融 | 0.87% | -0.07% | +10.60% | |
| 42 | SNA | Snap-on Inc | 股票-工業 | 0.81% | -0.14% | +139.60% | |
| 43 | TPR | Tapestry Inc | 股票-循環性消費 | 0.78% | -0.47% | +251.29% | |
| 44 | MDT | Medtronic plc | 股票-醫療保健 | 0.76% | -0.76% | EXIT | |
| 45 | ORCL | Oracle CORP | 股票-科技 | 0.73% | -0.73% | EXIT | |
| 46 | TEL | TE Connectivity plc | 股票-科技 | 0.72% | -0.05% | +11.88% | |
| 47 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 0.71% | -0.67% | +1068.80% | |
| 48 | ATO | Atmos Energy CORP | 股票-公用事業 | 0.70% | -0.37% | +68.31% | |
| 49 | LVS | Las Vegas Sands CORP | 股票-循環性消費 | 0.70% | -0.65% | +1034.45% | |
| 50 | AER | AerCap Holdings N.V. | 股票-工業 | 0.67% | +0.34% | +47.25% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | MU | Micron Technology Inc | +2.2% | +21.93% | 加碼 |
| 2 | VZ | Verizon Communications Inc | +2% | +2416.92% | 加碼 |
| 3 | ENB | Enbridge Inc | +1.6% | +269.85% | 加碼 |
| 4 | AAPL | Apple Inc | +1.4% | +53.54% | 加碼 |
| 5 | ROST | Ross Stores Inc | +1.3% | NEW | 新建倉 |
| 6 | KLAC | Kla CORP | +1.3% | +944.97% | 加碼 |
| 7 | HPQ | Hp Inc | +1.2% | NEW | 新建倉 |
| 8 | AMAT | Applied Materials Inc | +1.2% | NEW | 新建倉 |
| 9 | ABBV | Abbvie Inc | +1.1% | +57.68% | 加碼 |
| 10 | AME | Ametek Inc | +1% | +510.87% | 加碼 |
| 11 | QCOM | Qualcomm Inc | +1% | +147.28% | 加碼 |
| 12 | NTAP | Netapp Inc | +0.9% | +35.63% | 加碼 |
| 13 | LRCX | Lam Research CORP | +0.9% | -17.46% | 減碼 |
| 14 | NVDA | Nvidia CORP | +0.8% | +27.89% | 加碼 |
| 15 | CAT | Caterpillar Inc | +0.8% | +21.39% | 加碼 |
| 16 | MRK | Merck & Co. Inc. | +0.8% | +128.70% | 加碼 |
| 17 | T | At&t Inc | +0.8% | +334.86% | 加碼 |
| 18 | ORCL | Oracle CORP | +0.7% | NEW | 新建倉 |
| 19 | PFE | Pfizer Inc | +0.6% | +101.93% | 加碼 |
| 20 | LVS | Las Vegas Sands CORP | +0.6% | +1034.45% | 加碼 |
| 21 | ADI | Analog Devices Inc | +0.6% | +1630.06% | 加碼 |
| 22 | EXPE | Expedia Group Inc | +0.5% | +806.40% | 加碼 |
| 23 | TPR | Tapestry Inc | +0.5% | +251.29% | 加碼 |
| 24 | RPRX | Royalty Pharma plc | +0.5% | NEW | 新建倉 |
| 25 | BMO | Bank Of Montreal | +0.5% | +85.81% | 加碼 |
| 26 | AMGN | Amgen Inc | +0.5% | +931.15% | 加碼 |
| 27 | SNA | Snap-on Inc | +0.5% | +139.60% | 加碼 |
| 28 | EXPD | Expeditors Intl Wash Inc | +0.4% | NEW | 新建倉 |
| 29 | CDW | Cdw Corp/de | +0.4% | +48.33% | 加碼 |
| 30 | EOG | Eog Resources Inc | +0.3% | NEW | 新建倉 |
| 31 | CAH | Cardinal Health Inc | +0.3% | +19.12% | 加碼 |
| 32 | EBAY | Ebay Inc | +0.3% | NEW | 新建倉 |
| 33 | KMI | Kinder Morgan, Inc. | +0.3% | NEW | 新建倉 |
| 34 | ABT | Abbott Laboratories | +0.3% | +387.58% | 加碼 |
| 35 | GOOGL | Alphabet Inc-cl A | +0.3% | +2.98% | 加碼 |
| 36 | WMT | Walmart Inc | +0.3% | +73.57% | 加碼 |
| 37 | GILD | Gilead Sciences Inc | +0.2% | +52.41% | 加碼 |
| 38 | CMI | Cummins Inc | +0.2% | +42.52% | 加碼 |
| 39 | AMD | Advanced Micro Devices | +0.2% | NEW | 新建倉 |
| 40 | IBM | Intl Business Machines CORP | +0.2% | +18.02% | 加碼 |
| 41 | ATO | Atmos Energy CORP | +0.2% | +68.31% | 加碼 |
| 42 | AER | AerCap Holdings N.V. | +0.2% | +47.25% | 加碼 |
| 43 | SLB | Slb LTD | +0.1% | NEW | 新建倉 |
| 44 | KDP | Keurig Dr Pepper Inc | +0.1% | +28.58% | 加碼 |
| 45 | AMZN | Amazon.com Inc | +0.1% | +37.63% | 加碼 |
| 46 | CTSH | Cognizant Tech Solutions-a | +0.1% | +406.53% | 加碼 |
| 47 | HAL | Halliburton Co | +0.1% | NEW | 新建倉 |
| 48 | BKR | Baker Hughes Co | +0.1% | NEW | 新建倉 |
| 49 | PEG | Public Service Enterprise Gp | +0.1% | +32.13% | 加碼 |
| 50 | BNY | Bank Of New York Mellon CORP | +0.1% | +10.60% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Kepler Cheuvreux 在 Q2 2026 季度的美股持倉總市值約為 US$16.5億，共申報了 162 個公開持股部位。
在 Q2 2026 季度，Kepler Cheuvreux 按市值排列的前三大核心持股分別為：AAPL (4.1%)、NVDA (4.0%)、CSCO (3.2%)。其中最大持股部位 AAPL 佔據整體投資組合約 4.1% 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
ROST
市值: US$2291.6萬
本季最大獲利了結 / 清倉標的
FOXA
前期市值: US$1809.7萬
在 Q2 2026 季度中，Kepler Cheuvreux 共進行了 183 項持倉異動，包含新建倉 34 個部位、加碼 56 個部位、減碼 48 個部位以及清倉 45 個部位。 其中最大新建倉標的為 ROST。 本季清倉部位包含 FOXA。
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。