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: 0000859872
申報總市值
US$28.6億
US$28.6億
188 檔
19.5%
截至 Q2 2025 季度末，Klingenstein Fields & Co LP 的美股持倉估值約為 US$28.6億，全數申報部位共有 188 檔。
在 Q2 2025，Klingenstein Fields & Co LP 展現出較為審慎的避險與獲利了結姿態。本季共減碼 44 個部位並完全清倉 0 檔持股，調降曝險的部位數量高於加碼動作。
整體而言，Klingenstein Fields & Co LP 的前 5 大持股（包含 AVGO, MSFT, BRK-B）貢獻了組合市值的 19.5%，形成該機構在 Q2 2025 季度的基本面基石。
| # | 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 | AVGO | Broadcom Inc | 股票-科技 | 6.74% | +0.41% | -5.23% | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 4.70% | -0.35% | -1.42% | |
| 3 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 3.79% | -0.27% | -5.96% | |
| 4 | PANW | Palo Alto Networks Inc | 股票-科技 | 3.62% | +2.37% | -3.70% | |
| 5 | LLY | Eli Lilly & Co | 股票-醫療保健 | 3.22% | +0.10% | +2.79% | |
| 6 | AMZN | Amazon.com Inc | 股票-循環性消費 | 3.20% | +0.04% | -7.69% | |
| 7 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 3.13% | +0.45% | -1.82% | |
| 8 | AAPL | Apple Inc | 股票-科技 | 2.98% | +0.06% | -3.66% | |
| 9 | DIS | Walt Disney Co/the | 股票-通訊服務 | 2.97% | -0.26% | -2.76% | |
| 10 | NVDA | Nvidia CORP | 股票-科技 | 2.66% | +0.18% | -0.74% | |
| 11 | UNP | Union Pacific CORP | 股票-工業 | 2.41% | -0.03% | -3.30% | |
| 12 | JPM | Jpmorgan Chase & Co | 股票-金融 | 2.30% | -0.04% | -2.68% | |
| 13 | GS | Goldman Sachs Group Inc | 股票-金融 | 2.28% | +0.12% | -4.06% | |
| 14 | PEP | Pepsico Inc | 股票-非循環性消費 | 2.23% | -0.59% | -2.57% | |
| 15 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 2.01% | -0.33% | -5.53% | |
| 16 | NFLX | Netflix Inc | 股票-通訊服務 | 1.96% | -0.47% | -4.04% | |
| 17 | RTX | Rtx CORP | 股票-工業 | 1.86% | -0.32% | -2.91% | |
| 18 | ISRG | Intuitive Surgical Inc | 股票-醫療保健 | 1.75% | -0.40% | -2.44% | |
| 19 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 1.72% | -0.05% | -4.69% | |
| 20 | HON | Honeywell International Inc | 股票-工業 | 1.54% | -1.46% | EXIT | |
| 21 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 1.50% | +0.15% | -5.39% | |
| 22 | NXPI | NXP Semiconductors N.V. | 股票-科技 | 1.44% | +0.34% | -2.08% | |
| 23 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.39% | -0.19% | -4.95% | |
| 24 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.31% | +0.15% | -6.74% | |
| 25 | ETN | Eaton Corporation plc | 股票-工業 | 1.31% | +0.06% | -2.42% | |
| 26 | CB | Chubb Limited | 股票-金融 | 1.21% | -0.09% | -2.44% | |
| 27 | AMT | American Tower CORP | 股票-房地產 | 1.19% | -0.05% | -1.85% | |
| 28 | SYK | Stryker CORP | 股票-醫療保健 | 1.18% | -0.47% | -2.49% | |
| 29 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 1.18% | -0.25% | -2.85% | |
| 30 | SCHA | Schwab US Small-cap ETF | ETF-其他 | 1.15% | +0.07% | -4.55% | |
| 31 | ZS | Zscaler Inc | 股票-科技 | 1.14% | -0.48% | -3.09% | |
| 32 | BN | Brookfield CORP | 股票-金融 | 1.11% | — | -2.78% | |
| 33 | VMC | Vulcan Materials Co | 股票-原物料 | 1.09% | -0.04% | -2.26% | |
| 34 | CL | Colgate-palmolive Co | 股票-非循環性消費 | 1.09% | -0.07% | -1.27% | |
| 35 | NOW | Servicenow Inc | 股票-科技 | 1.02% | -0.07% | -3.40% | |
| 36 | PLD | Prologis Inc | 股票-房地產 | 1.00% | -0.12% | +25.54% | |
| 37 | HD | Home Depot Inc | 股票-循環性消費 | 1.00% | -0.03% | -1.75% | |
| 38 | PYPL | Paypal Holdings Inc | 股票-金融 | 0.95% | -0.08% | -3.00% | |
| 39 | ROP | Roper Technologies Inc | 股票-科技 | 0.87% | — | -2.14% | |
| 40 | SBUX | Starbucks CORP | 股票-循環性消費 | 0.76% | — | -5.89% | |
| 41 | ACN | Accenture plc | 股票-科技 | 0.75% | — | -1.28% | |
| 42 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.74% | -0.11% | -4.99% | |
| 43 | MMM | 3m Co | 股票-工業 | 0.73% | -0.01% | — | |
| 44 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.73% | -0.07% | -18.02% | |
| 45 | STZ | Constellation Brands Inc-a | 股票-非循環性消費 | 0.73% | — | -3.12% | |
| 46 | MDLZ | Mondelez International Inc-a | 股票-非循環性消費 | 0.73% | -0.07% | -1.62% | |
| 47 | 6D8 | Dupont De Nemours Inc | 股票-其他 | 0.69% | — | -0.24% | |
| 48 | MA | Mastercard Inc - A | 股票-金融 | 0.69% | — | -3.60% | |
| 49 | SCHF | Schwab Intl Equity ETF | ETF-其他 | 0.66% | -0.03% | -4.48% | |
| 50 | SHEL | Shell Plc-adr | 股票-能源 | 0.66% | -0.24% | -2.10% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | AVGO | Broadcom Inc | +2.1% | -5.23% | 減碼 |
| 2 | MSFT | Microsoft CORP | +0.8% | -1.42% | 減碼 |
| 3 | NVDA | Nvidia CORP | +0.7% | -0.74% | 減碼 |
| 4 | GE | General Electric | +0.5% | +3353.86% | 加碼 |
| 5 | NFLX | Netflix Inc | +0.4% | -4.04% | 減碼 |
| 6 | DIS | Walt Disney Co/the | +0.4% | -2.76% | 減碼 |
| 7 | ZS | Zscaler Inc | +0.3% | -3.09% | 減碼 |
| 8 | GS | Goldman Sachs Group Inc | +0.3% | -4.06% | 減碼 |
| 9 | PANW | Palo Alto Networks Inc | +0.3% | -3.70% | 減碼 |
| 10 | ETN | Eaton Corporation plc | +0.2% | -2.42% | 減碼 |
| 11 | ABNB | Airbnb Inc-class A | +0.2% | NEW | 新建倉 |
| 12 | JPM | Jpmorgan Chase & Co | +0.2% | -2.68% | 減碼 |
| 13 | NOW | Servicenow Inc | +0.1% | -3.40% | 減碼 |
| 14 | REGN | Regeneron Pharmaceuticals | +0.1% | +131.84% | 加碼 |
| 15 | GOOGL | Alphabet Inc-cl A | +0.1% | -1.82% | 減碼 |
| 16 | PLD | Prologis Inc | +0.1% | +25.54% | 加碼 |
| 17 | META | Meta Platforms Inc-class A | +0.1% | -4.99% | 減碼 |
| 18 | NXPI | NXP Semiconductors N.V. | +0.1% | -2.08% | 減碼 |
| 19 | BN | Brookfield CORP | +0.1% | -2.78% | 減碼 |
| 20 | QQQ | Invesco Qqq Trust Series 1 | +0.1% | -5.39% | 減碼 |
| 21 | PYPL | Paypal Holdings Inc | 0% | -3.00% | 減碼 |
| 22 | VMC | Vulcan Materials Co | 0% | -2.26% | 減碼 |
| 23 | RTX | Rtx CORP | — | -2.91% | 減碼 |
| 24 | HON | Honeywell International Inc | — | -2.60% | 減碼 |
| 25 | ISRG | Intuitive Surgical Inc | 0% | -2.44% | 減碼 |
| 26 | GOOG | Alphabet Inc-cl C | 0% | -6.74% | 減碼 |
| 27 | AMZN | Amazon.com Inc | 0% | -7.69% | 減碼 |
| 28 | SPY | Ss Spdr S&p 500 ETF Trust-us | 0% | -4.69% | 減碼 |
| 29 | ABBV | Abbvie Inc | -0.1% | -53.89% | 減碼 |
| 30 | CVX | Chevron CORP | -0.1% | +0.22% | 加碼 |
| 31 | ITW | Illinois Tool Works | -0.1% | -16.10% | 減碼 |
| 32 | XOM | Exxon Mobil CORP | -0.1% | -4.88% | 減碼 |
| 33 | CMCSA | Comcast Corp-class A | -0.1% | -23.04% | 減碼 |
| 34 | BRK-A | Berkshire Hathaway Inc-cl A | -0.1% | -22.22% | 減碼 |
| 35 | ABT | Abbott Laboratories | -0.1% | -11.16% | 減碼 |
| 36 | YUM | Yum! Brands Inc | -0.1% | -4.68% | 減碼 |
| 37 | 6D8 | Dupont De Nemours Inc | -0.1% | -0.24% | 減碼 |
| 38 | ROP | Roper Technologies Inc | -0.1% | -2.14% | 減碼 |
| 39 | SBUX | Starbucks CORP | -0.2% | -5.89% | 減碼 |
| 40 | STZ | Constellation Brands Inc-a | -0.2% | -3.12% | 減碼 |
| 41 | CB | Chubb Limited | -0.2% | -2.44% | 減碼 |
| 42 | FTV | Fortive CORP | -0.3% | -1.15% | 減碼 |
| 43 | JNJ | Johnson & Johnson | -0.3% | -4.95% | 減碼 |
| 44 | UNP | Union Pacific CORP | -0.3% | -3.30% | 減碼 |
| 45 | MRK | Merck & Co. Inc. | -0.4% | -18.02% | 減碼 |
| 46 | LLY | Eli Lilly & Co | -0.4% | +2.79% | 加碼 |
| 47 | TMO | Thermo Fisher Scientific Inc | -0.4% | -2.85% | 減碼 |
| 48 | PEP | Pepsico Inc | -0.6% | -2.57% | 減碼 |
| 49 | AAPL | Apple Inc | -0.6% | -3.66% | 減碼 |
| 50 | BRK-B | Berkshire Hathaway Inc-cl B | -1% | -5.96% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Klingenstein Fields & Co LP 在 Q2 2025 季度的美股持倉總市值約為 US$28.6億，共申報了 188 個公開持股部位。
在 Q2 2025 季度，Klingenstein Fields & Co LP 按市值排列的前三大核心持股分別為：AVGO (6.7%)、MSFT (4.7%)、BRK-B (3.8%)。其中最大持股部位 AVGO 佔據整體投資組合約 6.7% 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
ABNB
市值: US$461.8萬
本季最大獲利了結 / 清倉標的
BRK-B
前期市值: US$1.1億
在 Q2 2025 季度中，Klingenstein Fields & Co LP 共進行了 50 項持倉異動，包含新建倉 1 個部位、加碼 5 個部位、減碼 44 個部位以及清倉 0 個部位。 其中最大新建倉標的為 ABNB。
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。