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。
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CIK: 0001166620
申報總市值
US$12.7億
US$12.7億
248 檔
35.6%
在 Q4 2025 的 13F 官方備案中，KLCM Advisors, Inc. 管理的美股投資組合規模來到 US$12.7億，整體持股檔數為 248 檔。
KLCM Advisors, Inc. 於 Q4 2025 展現出進攻型調倉步調，本季推動了 25 檔股票的新建倉與 3 檔既有部位加碼，整體資金傾向擴大在美股市場的曝險佈局。
在資產配置集中度方面，KLCM Advisors, Inc. 的前 5 大核心持股（包含 NVDA, AAPL, ATI 等）合計佔整體申報市值的 35.6%，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 248 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 | 23.79% | -0.25% | — | |
| 2 | AAPL | Apple Inc | 股票-科技 | 6.34% | +0.22% | +1.33% | |
| 3 | ATI | Ati Inc | 股票-工業 | 3.18% | -0.02% | — | |
| 4 | BA | Boeing Co/the | 股票-工業 | 2.94% | +0.01% | +4.42% | |
| 5 | C | Citigroup Inc | 股票-金融 | 2.58% | +0.25% | -3.98% | |
| 6 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.05% | -1.35% | -0.13% | |
| 7 | WFC | Wells Fargo & Co | 股票-金融 | 1.78% | -0.07% | -3.17% | |
| 8 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 1.71% | +0.05% | — | |
| 9 | UPS | United Parcel Service-cl B | 股票-工業 | 1.65% | +0.03% | -6.86% | |
| 10 | HAL | Halliburton Co | 股票-能源 | 1.63% | -0.86% | -0.47% | |
| 11 | BAC | Bank Of America CORP | 股票-金融 | 1.49% | +0.09% | -2.24% | |
| 12 | BMY | Bristol-myers Squibb Co | 股票-醫療保健 | 1.48% | -0.21% | -0.52% | |
| 13 | APA | Apa CORP | 股票-能源 | 1.48% | -0.35% | — | |
| 14 | MCS | Marcus Corporation | 股票-其他 | 1.45% | +0.34% | +6.99% | |
| 15 | BLDR | Builders Firstsource Inc | 股票-工業 | 1.43% | +0.05% | -0.65% | |
| 16 | TFC | Truist Financial CORP | 股票-金融 | 1.41% | -0.04% | -1.71% | |
| 17 | CSCO | Cisco Systems Inc | 股票-科技 | 1.39% | +0.05% | — | |
| 18 | MAN | Manpowergroup Inc | 股票-工業 | 1.39% | +0.02% | — | |
| 19 | GT | Goodyear Tire & Rubber Co | 股票-循環性消費 | 1.28% | -0.27% | +18.87% | |
| 20 | HXL | Hexcel CORP | 股票-工業 | 1.24% | — | -8.05% | |
| 21 | GTES | Gates Industrial Corporation plc | 股票-工業 | 1.23% | +0.20% | — | |
| 22 | AVGO | Broadcom Inc | 股票-科技 | 1.21% | -1.16% | +84.93% | |
| 23 | GM | General Motors Co | 股票-循環性消費 | 1.18% | -0.01% | — | |
| 24 | VTI | Vanguard Total Stock Mkt ETF | ETF-其他 | 1.18% | +0.18% | — | |
| 25 | VZ | Verizon Communications Inc | 股票-通訊服務 | 1.16% | -0.11% | — | |
| 26 | CAG | Conagra Brands Inc | 股票-非循環性消費 | 1.07% | -0.90% | -8.46% | |
| 27 | MSFT | Microsoft CORP | 股票-科技 | 1.07% | +0.10% | +15.33% | |
| 28 | ZBH | Zimmer Biomet Holdings Inc | 股票-醫療保健 | 1.01% | -0.13% | — | |
| 29 | IFF | Intl Flavors & Fragrances | 股票-原物料 | 1.01% | -0.01% | — | |
| 30 | OLN | Olin CORP | 股票-原物料 | 0.84% | -0.49% | +4992.23% | |
| 31 | DOW | Dow Inc | 股票-原物料 | 0.81% | -0.42% | -10.15% | |
| 32 | NKE | Nike Inc -cl B | 股票-循環性消費 | 0.80% | +0.63% | -1.10% | |
| 33 | TGT | Target CORP | 股票-循環性消費 | 0.78% | -0.90% | — | |
| 34 | DIS | Walt Disney Co/the | 股票-通訊服務 | 0.78% | -0.06% | -3.82% | |
| 35 | BBY | Best Buy Co Inc | 股票-循環性消費 | 0.73% | -0.11% | +19.41% | |
| 36 | TPL | Texas Pacific Land CORP | 股票-能源 | 0.73% | -0.14% | — | |
| 37 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 0.61% | +0.10% | — | |
| 38 | AMZN | Amazon.com Inc | 股票-循環性消費 | 0.61% | -0.04% | +14.45% | |
| 39 | USB | US Bancorp | 股票-金融 | 0.60% | +0.08% | +2.62% | |
| 40 | PTEN | Patterson-uti Energy Inc | 股票-能源 | 0.59% | -0.03% | -3.87% | |
| 41 | LPX | Louisiana-pacific CORP | 股票-工業 | 0.58% | +0.10% | +9.84% | |
| 42 | RSP | Invesco S&p 500 Equal Weight | ETF-大型股與成長 | 0.52% | +0.03% | — | |
| 43 | ASLV | Allspring Spcl Large Val ETF | ETF-其他 | 0.48% | -0.01% | — | |
| 44 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.48% | +0.05% | — | |
| 45 | IWD | Ishares Russell 1000 Value E | ETF-其他 | 0.46% | +0.04% | — | |
| 46 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.41% | +0.02% | -2.81% | |
| 47 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 0.40% | +0.08% | — | |
| 48 | CAT | Caterpillar Inc | 股票-工業 | 0.40% | +0.16% | +188.53% | |
| 49 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 0.40% | +0.04% | — | |
| 50 | WEC | Wec Energy Group Inc | 股票-公用事業 | 0.38% | -0.02% | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | OLN | Olin CORP | +0.8% | +4992.23% | 加碼 |
| 2 | CAT | Caterpillar Inc | +0.3% | +188.53% | 加碼 |
| 3 | BMY | Bristol-myers Squibb Co | 0% | -0.52% | 減碼 |
| 4 | C | Citigroup Inc | -0.1% | -3.98% | 減碼 |
| 5 | CAG | Conagra Brands Inc | -0.5% | -8.46% | 減碼 |
| 6 | AAPL | Apple Inc | -0.5% | +1.33% | 加碼 |
| 7 | BLDR | Builders Firstsource Inc | -0.5% | -0.65% | 減碼 |
| 8 | NVDA | Nvidia CORP | — | NEW | 新建倉 |
| 9 | ✓ | — | EXIT | 清倉 | |
| 10 | ATI | Ati Inc | — | NEW | 新建倉 |
| 11 | ✓ | — | EXIT | 清倉 | |
| 12 | ✓ | — | EXIT | 清倉 | |
| 13 | SPY | Ss Spdr S&p 500 ETF Trust-us | — | NEW | 新建倉 |
| 14 | APA | Apa CORP | — | NEW | 新建倉 |
| 15 | ✓ | — | EXIT | 清倉 | |
| 16 | ✓ | — | EXIT | 清倉 | |
| 17 | CSCO | Cisco Systems Inc | — | NEW | 新建倉 |
| 18 | MAN | Manpowergroup Inc | — | NEW | 新建倉 |
| 19 | ✓ | — | EXIT | 清倉 | |
| 20 | ✓ | — | EXIT | 清倉 | |
| 21 | GTES | Gates Industrial Corporation plc | — | NEW | 新建倉 |
| 22 | GM | General Motors Co | — | NEW | 新建倉 |
| 23 | VTI | Vanguard Total Stock Mkt ETF | — | NEW | 新建倉 |
| 24 | VZ | Verizon Communications Inc | — | NEW | 新建倉 |
| 25 | ✓ | — | EXIT | 清倉 | |
| 26 | ZBH | Zimmer Biomet Holdings Inc | — | NEW | 新建倉 |
| 27 | IFF | Intl Flavors & Fragrances | — | NEW | 新建倉 |
| 28 | ✓ | — | EXIT | 清倉 | |
| 29 | TGT | Target CORP | — | NEW | 新建倉 |
| 30 | KVUE | Kenvue Inc | — | EXIT | 清倉 |
| 31 | ✓ | — | EXIT | 清倉 | |
| 32 | TPL | Texas Pacific Land CORP | — | NEW | 新建倉 |
| 33 | ✓ | — | EXIT | 清倉 | |
| 34 | GOOGL | Alphabet Inc-cl A | — | NEW | 新建倉 |
| 35 | RSP | Invesco S&p 500 Equal Weight | — | NEW | 新建倉 |
| 36 | ASLV | Allspring Spcl Large Val ETF | — | NEW | 新建倉 |
| 37 | GOOG | Alphabet Inc-cl C | — | NEW | 新建倉 |
| 38 | IWD | Ishares Russell 1000 Value E | — | NEW | 新建倉 |
| 39 | ✓ | — | EXIT | 清倉 | |
| 40 | ✓ | — | EXIT | 清倉 | |
| 41 | QQQ | Invesco Qqq Trust Series 1 | — | NEW | 新建倉 |
| 42 | IWM | Ishares Russell 2000 ETF | — | NEW | 新建倉 |
| 43 | WEC | Wec Energy Group Inc | — | NEW | 新建倉 |
| 44 | XOM | Exxon Mobil CORP | — | NEW | 新建倉 |
| 45 | ✓ | — | EXIT | 清倉 | |
| 46 | ✓ | — | EXIT | 清倉 | |
| 47 | ✓ | — | EXIT | 清倉 | |
| 48 | TSLA | Tesla Inc | — | NEW | 新建倉 |
| 49 | ✓ | — | EXIT | 清倉 | |
| 50 | VEA | Vanguard Ftse Developed ETF | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，KLCM Advisors, Inc. 在 Q4 2025 季度的美股持倉總市值約為 US$12.7億，共申報了 248 個公開持股部位。
在 Q4 2025 季度，KLCM Advisors, Inc. 按市值排列的前三大核心持股分別為：NVDA (23.8%)、AAPL (6.3%)、ATI (3.2%)。其中最大持股部位 NVDA 佔據整體投資組合約 23.8% 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
NVDA
市值: US$2.8億
本季最大獲利了結 / 清倉標的
前期市值: US$2.7億
在 Q4 2025 季度中，KLCM Advisors, Inc. 共進行了 50 項持倉異動，包含新建倉 25 個部位、加碼 3 個部位、減碼 4 個部位以及清倉 18 個部位。 其中最大新建倉標的為 NVDA。 本季清倉部位包含 。
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。