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: 0001771687
申報總市值
US$1.6億
US$1.6億
209 檔
55.7%
截至 Q4 2025 季度末，KG Capital Management 的美股持倉估值約為 US$1.6億，全數申報部位共有 209 檔。
在 Q4 2025，KG Capital Management 操作展現出積極擴展與加碼意向。本季共新建倉 23 個新部位，並對 96 個既有持股進行加碼（合計增持 119 檔），相較減碼與清倉部位顯著佔優。
整體而言，KG Capital Management 的前 5 大持股（包含 GOOGL, AMZN, JPM）貢獻了組合市值的 55.7%，形成該機構在 Q4 2025 季度的基本面基石。
本季最大新建倉標的
BA
市值: US$270.7萬
本季最大獲利了結 / 清倉標的
ISRG
前期市值: US$221.7萬
僅顯示前 200 大持股（共 209 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 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 6.50% | -0.04% | -2.31% | |
| 2 | AMZN | Amazon.com Inc | 股票-循環性消費 | 4.26% | +0.09% | +12.04% | |
| 3 | JPM | Jpmorgan Chase & Co | 股票-金融 | 4.14% | +0.12% | +5.04% | |
| 4 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 3.86% | +0.22% | +51.36% | |
| 5 | AAPL | Apple Inc | 股票-科技 | 3.77% | +0.35% | -3.63% | |
| 6 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 3.63% | +0.01% | +10.85% | |
| 7 | MSFT | Microsoft CORP | 股票-科技 | 3.60% | +0.64% | +11.54% | |
| 8 | NVDA | Nvidia CORP | 股票-科技 | 3.52% | +0.22% | -3.69% | |
| 9 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 3.30% | +0.28% | +0.34% | |
| 10 | XOM | Exxon Mobil CORP | 股票-能源 | 2.61% | -2.96% | EXIT | |
| 11 | AMD | Advanced Micro Devices | 股票-科技 | 2.07% | +0.07% | +13.01% | |
| 12 | AJG | Arthur J Gallagher & Co | 股票-金融 | 1.69% | — | +4.92% | |
| 13 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 1.58% | -0.02% | +20.77% | |
| 14 | VUG | Vanguard Growth ETF | ETF-其他 | 1.33% | +0.32% | +3.95% | |
| 15 | TSLA | Tesla Inc | 股票-循環性消費 | 1.27% | — | -6.19% | |
| 16 | WMT | Walmart Inc | 股票-非循環性消費 | 1.27% | -0.05% | -4.94% | |
| 17 | AVGO | Broadcom Inc | 股票-科技 | 1.25% | -0.04% | +42.83% | |
| 18 | DE | Deere & Co | 股票-工業 | 1.21% | +0.04% | +1.88% | |
| 19 | GS | Goldman Sachs Group Inc | 股票-金融 | 1.20% | -0.02% | +5.72% | |
| 20 | BA | Boeing Co/the | 股票-工業 | 1.12% | — | -36.08% | |
| 21 | BIL | Ss Spdr Bb 1-3m T-bill ETF | ETF-政府公債 | 1.12% | +0.51% | -1.61% | |
| 22 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.10% | +0.09% | -47.13% | |
| 23 | ASML | ASML Holding N.V. | 股票-科技 | 1.09% | +0.01% | -1.34% | |
| 24 | AGG | Ishares Core U.s. Aggregate | ETF-其他 | 0.96% | -0.10% | +1.20% | |
| 25 | PANW | Palo Alto Networks Inc | 股票-科技 | 0.95% | +0.13% | NEW | |
| 26 | BAC | Bank Of America CORP | 股票-金融 | 0.92% | — | +4.61% | |
| 27 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.85% | -0.12% | EXIT | |
| 28 | CRWD | Crowdstrike Holdings Inc - A | 股票-科技 | 0.77% | — | +17.17% | |
| 29 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.76% | +0.09% | -19.55% | |
| 30 | FBND | Fidelity Total Bond ETF | ETF-其他 | 0.73% | +0.04% | +24.80% | |
| 31 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | ETF-投資等級公司債 | 0.71% | -0.09% | +2.18% | |
| 32 | HD | Home Depot Inc | 股票-循環性消費 | 0.67% | -0.03% | +52.51% | |
| 33 | BA | The Boeing Company | 股票-工業 | 0.67% | — | — | |
| 34 | GBIL | Goldman Sachs Access Treasur | ETF-避險與商品 | 0.67% | -0.74% | +15.83% | |
| 35 | LOW | Lowe's Cos Inc | 股票-循環性消費 | 0.62% | -0.03% | +42.92% | |
| 36 | EFA | Ishares Msci Eafe ETF | ETF-其他 | 0.62% | +0.10% | +2.33% | |
| 37 | CVX | Chevron CORP | 股票-能源 | 0.61% | +0.12% | +46.57% | |
| 38 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 0.61% | +0.12% | +3.31% | |
| 39 | CMI | Cummins Inc | 股票-工業 | 0.60% | -0.52% | +6.19% | |
| 40 | V | Visa Inc-class A Shares | 股票-金融 | 0.59% | +0.01% | +13.30% | |
| 41 | ORCL | Oracle CORP | 股票-科技 | 0.59% | — | +3643.85% | |
| 42 | XLK | Ss Technology Select Sector | ETF-科技型 | 0.58% | +0.05% | +179.67% | |
| 43 | SJNK | Ss Spdr Bb St Hi Yield ETF | ETF-其他 | 0.57% | +0.70% | +22.88% | |
| 44 | UNP | Union Pacific CORP | 股票-工業 | 0.56% | +0.02% | -2.56% | |
| 45 | PGX | Invesco Preferred ETF | ETF-其他 | 0.55% | -0.02% | +0.54% | |
| 46 | TBIL | F/m US Treasury 3 Month Bill | ETF-政府公債 | 0.55% | +0.02% | -10.21% | |
| 47 | MA | Mastercard Inc - A | 股票-金融 | 0.52% | +0.10% | +12.52% | |
| 48 | SNOW | Snowflake Inc | 股票-科技 | 0.50% | — | +179.43% | |
| 49 | METU | Direx Dly Meta Bul 2x Etf-us | ETF-其他 | 0.49% | — | — | |
| 50 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.48% | -0.13% | +282.77% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | GOOGL | Alphabet Inc-cl A | +1.1% | -2.31% | 減碼 |
| 2 | META | Meta Platforms Inc-class A | +0.7% | +51.36% | 加碼 |
| 3 | ORCL | Oracle CORP | +0.5% | +3643.85% | 加碼 |
| 4 | AVGO | Broadcom Inc | +0.4% | +42.83% | 加碼 |
| 5 | COST | Costco Wholesale CORP | +0.3% | +282.77% | 加碼 |
| 6 | PANW | Palo Alto Networks Inc | +0.3% | +194.41% | 加碼 |
| 7 | AMD | Advanced Micro Devices | +0.3% | +13.01% | 加碼 |
| 8 | TSM | Taiwan Semiconductor-sp Adr | +0.3% | +20.77% | 加碼 |
| 9 | AMZN | Amazon.com Inc | +0.3% | +12.04% | 加碼 |
| 10 | FBTC | Fidelity Wise Origin Bitcoin | +0.3% | +308.58% | 加碼 |
| 11 | NFLX | Netflix Inc | +0.2% | +2693.74% | 加碼 |
| 12 | ARCC | Ares Capital CORP | +0.2% | +344.67% | 加碼 |
| 13 | UBER | Uber Technologies Inc | +0.2% | +654.08% | 加碼 |
| 14 | CVX | Chevron CORP | +0.2% | +46.57% | 加碼 |
| 15 | NLY | Annaly Capital Management In | +0.2% | +110.57% | 加碼 |
| 16 | XLK | Ss Technology Select Sector | +0.1% | +179.67% | 加碼 |
| 17 | LOW | Lowe's Cos Inc | +0.1% | +42.92% | 加碼 |
| 18 | SHOP | Shopify Inc - Class A | +0.1% | +92.80% | 加碼 |
| 19 | HD | Home Depot Inc | +0.1% | +52.51% | 加碼 |
| 20 | LLY | Eli Lilly & Co | +0.1% | -47.13% | 減碼 |
| 21 | FBND | Fidelity Total Bond ETF | +0.1% | +24.80% | 加碼 |
| 22 | CMI | Cummins Inc | +0.1% | +6.19% | 加碼 |
| 23 | COKE | Coca-cola Consolidated Inc | +0.1% | +19.08% | 加碼 |
| 24 | GS | Goldman Sachs Group Inc | +0.1% | +5.72% | 加碼 |
| 25 | MU | Micron Technology Inc | +0.1% | -19.58% | 減碼 |
| 26 | MSFT | Microsoft CORP | +0.1% | +11.54% | 加碼 |
| 27 | SJNK | Ss Spdr Bb St Hi Yield ETF | +0.1% | +22.88% | 加碼 |
| 28 | VZ | Verizon Communications Inc | +0.1% | +62.27% | 加碼 |
| 29 | FICO | Fair Isaac CORP | +0.1% | +15.62% | 加碼 |
| 30 | GBIL | Goldman Sachs Access Treasur | +0.1% | +15.83% | 加碼 |
| 31 | UNH | Unitedhealth Group Inc | +0.1% | +48.23% | 加碼 |
| 32 | MCK | Mckesson CORP | +0.1% | +23.70% | 加碼 |
| 33 | V | Visa Inc-class A Shares | 0% | +13.30% | 加碼 |
| 34 | SMH | Vaneck Semiconductor ETF | 0% | +14.30% | 加碼 |
| 35 | KLAC | Kla CORP | 0% | +51.28% | 加碼 |
| 36 | MCO | Moody's CORP | 0% | +13.39% | 加碼 |
| 37 | BNY | Bank Of New York Mellon CORP | 0% | +27.00% | 加碼 |
| 38 | RF | Regions Financial CORP | 0% | +32.99% | 加碼 |
| 39 | BAC | Bank Of America CORP | 0% | +4.61% | 加碼 |
| 40 | CRWD | Crowdstrike Holdings Inc - A | 0% | +17.17% | 加碼 |
| 41 | SNOW | Snowflake Inc | 0% | +179.43% | 加碼 |
| 42 | KEY | Keycorp | 0% | +6.89% | 加碼 |
| 43 | GEV | GE Vernova Inc | 0% | +33.06% | 加碼 |
| 44 | GE | General Electric | 0% | +20.81% | 加碼 |
| 45 | SLB | Slb LTD | 0% | +46.94% | 加碼 |
| 46 | MA | Mastercard Inc - A | 0% | +12.52% | 加碼 |
| 47 | VTV | Vanguard Value ETF | 0% | +12.02% | 加碼 |
| 48 | CAT | Caterpillar Inc | 0% | -0.67% | 減碼 |
| 49 | SPGI | S&p Global Inc | 0% | +18.84% | 加碼 |
| 50 | XOM | Exxon Mobil CORP | 0% | +1.72% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，KG Capital Management 在 Q4 2025 季度的美股持倉總市值約為 US$1.6億，共申報了 209 個公開持股部位。
在 Q4 2025 季度，KG Capital Management 按市值排列的前三大核心持股分別為：GOOGL (6.5%)、AMZN (4.3%)、JPM (4.1%)。其中最大持股部位 GOOGL 佔據整體投資組合約 6.5% 的權重。
在 Q4 2025 季度中，KG Capital Management 共進行了 193 項持倉異動，包含新建倉 23 個部位、加碼 96 個部位、減碼 60 個部位以及清倉 14 個部位。 其中最大新建倉標的為 BA。 本季清倉部位包含 ISRG。
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。
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。
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。