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: 0001662449
申報總市值
US$23.5億
US$23.5億
319 檔
28.8%
在 Q3 2025 申報期間，Klingman & Associates, LLC（CIK: 0001662449）向美國 SEC 提交的 Form 13F 報告顯示，其追蹤之股票投資組合總市值達 US$23.5億，共持有 319 個公開申報部位。
Klingman & Associates, LLC 於 Q3 2025 展現出進攻型調倉步調，本季推動了 69 檔股票的新建倉與 86 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。
從部位權重觀察，前 5 大標的（包含 IVV, IJH, VTIP）累計市值佔比達 28.8%，是驅動 Klingman & Associates, LLC 該季度整體投資組合績效表現的核心支柱。
僅顯示前 200 大持股（共 319 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 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 17.14% | +0.45% | -0.81% | |
| 2 | IJH | Ishares Core S&p Midcap ETF | ETF-其他 | 4.76% | +0.24% | +3.36% | |
| 3 | VTIP | Vanguard Short-term Tips | ETF-其他 | 4.55% | -0.22% | +9.94% | |
| 4 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 3.96% | +0.06% | -0.26% | |
| 5 | IEFA | Ishares Core Msci Eafe ETF | ETF-其他 | 3.69% | -0.03% | +12.48% | |
| 6 | SPYG | Ss Spdr P S&p 500 Growth ETF | ETF-大型股與成長 | 3.61% | +0.21% | -4.34% | |
| 7 | AAPL | Apple Inc | 股票-科技 | 3.50% | -0.03% | +4.78% | |
| 8 | SPYV | Ss Spdr P S&p 500 Value ETF | ETF-大型股與成長 | 3.33% | -0.14% | -0.16% | |
| 9 | IJR | Ishares Core S&p Small-cap E | ETF-中小型股 | 3.31% | +0.24% | +3.19% | |
| 10 | VEA | Vanguard Ftse Developed ETF | ETF-其他 | 3.24% | +0.07% | +6.55% | |
| 11 | VWO | Vanguard Ftse Emerging Marke | ETF-新興市場 | 2.68% | -0.10% | -0.32% | |
| 12 | USMV | Ishares Msci USA Min Vol Fac | ETF-其他 | 1.78% | -0.15% | -1.09% | |
| 13 | IBDU | Ishares Ibonds Dec 2029 Term | ETF-其他 | 1.68% | -0.16% | +5.59% | |
| 14 | IBDV | Ishares Ibonds Dec 2030 CORP | ETF-其他 | 1.60% | -0.14% | +7.25% | |
| 15 | RWL | Invesco S&p 500 Revenue ETF | ETF-大型股與成長 | 1.59% | +0.11% | +0.27% | |
| 16 | MDYV | Ss Spdr S&p 400 Mc Val ETF | ETF-其他 | 1.56% | -0.13% | -0.36% | |
| 17 | PRF | Invesco Rafi US 1000 ETF | ETF-其他 | 1.55% | — | -0.70% | |
| 18 | IEMG | Ishares Core Msci Emerging | ETF-新興市場 | 1.53% | +0.15% | +5.10% | |
| 19 | IBDW | Ishares Ibonds Dec 2031 CORP | ETF-其他 | 1.52% | -0.13% | +8.27% | |
| 20 | MDYG | Ss Spdr S&p 400 Mc Gr ETF | ETF-其他 | 1.50% | -0.07% | -0.55% | |
| 21 | IBDT | Ishares Ibonds Dec 2028 ETF | ETF-其他 | 1.50% | -0.19% | +4.30% | |
| 22 | SDY | Ss Spdr S&p Dividend ETF | ETF-其他 | 1.37% | -0.11% | -0.71% | |
| 23 | SLYV | Ss Spdr S&p 600 Sc Val ETF | ETF-其他 | 1.26% | +0.03% | -0.70% | |
| 24 | MDY | State Street Spdr S&p Midcap | ETF-其他 | 1.26% | +0.01% | -1.06% | |
| 25 | IBDS | Ishrs Ibnds Dec 27 CORP ETF | ETF-其他 | 1.21% | -0.15% | -0.33% | |
| 26 | CFG | Citizens Financial Group | 股票-金融 | 1.20% | -0.09% | +0.01% | |
| 27 | IBDR | Ishares Ibonds Dec 2026 Term | ETF-其他 | 0.98% | — | -1.90% | |
| 28 | SLYG | Ss Spdr S&p 600 Sc Gr ETF | ETF-其他 | 0.97% | +0.09% | -0.18% | |
| 29 | MSFT | Microsoft CORP | 股票-科技 | 0.93% | -0.06% | +4.38% | |
| 30 | IBDX | Ishares Ibonds Dec 2032 Tc | ETF-其他 | 0.87% | -0.05% | +31.34% | |
| 31 | DDOG | Datadog Inc - Class A | 股票-科技 | 0.84% | +0.29% | -16.91% | |
| 32 | VTI | Vanguard Total Stock Mkt ETF | ETF-其他 | 0.76% | +0.02% | -0.34% | |
| 33 | AMZN | Amazon.com Inc | 股票-循環性消費 | 0.63% | +0.05% | +11.40% | |
| 34 | NYF | Ishares New York Muni Bond E | ETF-其他 | 0.63% | -0.07% | +4.87% | |
| 35 | SCZ | Ishares Msci Eafe Small-cap | ETF-其他 | 0.62% | -0.05% | -1.92% | |
| 36 | NVDA | Nvidia CORP | 股票-科技 | 0.58% | +0.03% | +14.80% | |
| 37 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.46% | — | +38.42% | |
| 38 | IWB | Ishares Russell 1000 ETF | ETF-其他 | 0.41% | — | — | |
| 39 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 0.39% | +0.02% | -0.18% | |
| 40 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.37% | +0.05% | +14.25% | |
| 41 | JLL | Jones Lang Lasalle Inc | 股票-房地產 | 0.35% | -0.03% | -21.70% | |
| 42 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.34% | +0.01% | +26.45% | |
| 43 | VOO | Vanguard S&p 500 ETF | ETF-大型股與成長 | 0.34% | +0.01% | +0.19% | |
| 44 | TDTT | Flexshares Iboxx 3-year Targ | ETF-其他 | 0.34% | -0.04% | -3.97% | |
| 45 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 0.32% | +0.04% | +11.63% | |
| 46 | VNQ | Vanguard Real Estate ETF | ETF-其他 | 0.26% | -0.01% | +1.93% | |
| 47 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.24% | -0.01% | +10.69% | |
| 48 | DVY | Ishares Select Dividend ETF | ETF-其他 | 0.23% | -0.02% | -1.22% | |
| 49 | XOM | Exxon Mobil CORP | 股票-能源 | 0.22% | -0.09% | +6.46% | |
| 50 | MA | Mastercard Inc - A | 股票-金融 | 0.22% | -0.03% | +0.85% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | IEMG | Ishares Core Msci Emerging | +0.7% | +5.10% | 加碼 |
| 2 | IEFA | Ishares Core Msci Eafe ETF | +0.5% | +12.48% | 加碼 |
| 3 | VWO | Vanguard Ftse Emerging Marke | +0.4% | -0.32% | 加碼 |
| 4 | NVDA | Nvidia CORP | +0.3% | +14.80% | 加碼 |
| 5 | IBDX | Ishares Ibonds Dec 2032 Tc | +0.3% | +31.34% | 加碼 |
| 6 | VTIP | Vanguard Short-term Tips | +0.3% | +9.94% | 加碼 |
| 7 | VEA | Vanguard Ftse Developed ETF | +0.2% | +6.55% | 加碼 |
| 8 | MSFT | Microsoft CORP | +0.2% | +4.38% | 加碼 |
| 9 | SPYG | Ss Spdr P S&p 500 Growth ETF | +0.2% | -4.34% | 減碼 |
| 10 | JPM | Jpmorgan Chase & Co | +0.2% | +38.42% | 加碼 |
| 11 | GOOGL | Alphabet Inc-cl A | +0.1% | +11.63% | 加碼 |
| 12 | GOOG | Alphabet Inc-cl C | +0.1% | +14.25% | 加碼 |
| 13 | AVGO | Broadcom Inc | +0.1% | +11.50% | 加碼 |
| 14 | AMZN | Amazon.com Inc | +0.1% | +11.40% | 加碼 |
| 15 | ORCL | Oracle CORP | +0.1% | +2.18% | 加碼 |
| 16 | CFG | Citizens Financial Group | +0.1% | +0.01% | 減碼 |
| 17 | TSLA | Tesla Inc | +0.1% | +11.46% | 加碼 |
| 18 | C | Citigroup Inc | +0.1% | +4.05% | 加碼 |
| 19 | META | Meta Platforms Inc-class A | +0.1% | +10.69% | 加碼 |
| 20 | AAPL | Apple Inc | +0.1% | +4.78% | 加碼 |
| 21 | SLYG | Ss Spdr S&p 600 Sc Gr ETF | +0.1% | -0.18% | 加碼 |
| 22 | DE | Deere & Co | +0.1% | +164.79% | 加碼 |
| 23 | WMT | Walmart Inc | +0.1% | +99.17% | 加碼 |
| 24 | AXP | American Express Co | +0.1% | +98.09% | 加碼 |
| 25 | GE | General Electric | 0% | +1.30% | 加碼 |
| 26 | MDYG | Ss Spdr S&p 400 Mc Gr ETF | 0% | -0.55% | 加碼 |
| 27 | SOXX | Ishares Semiconductor ETF | 0% | -1.52% | 減碼 |
| 28 | VUG | Vanguard Growth ETF | 0% | +18.91% | 加碼 |
| 29 | GEV | GE Vernova Inc | 0% | +3.17% | 加碼 |
| 30 | NFLX | Netflix Inc | 0% | +8.34% | 加碼 |
| 31 | CAT | Caterpillar Inc | 0% | +1.45% | 加碼 |
| 32 | MS | Morgan Stanley | 0% | +54.04% | 加碼 |
| 33 | CSX | Csx CORP | 0% | +0.67% | 加碼 |
| 34 | BRK-B | Berkshire Hathaway Inc-cl B | 0% | +26.45% | 加碼 |
| 35 | GS | Goldman Sachs Group Inc | 0% | +53.01% | 加碼 |
| 36 | BLK | Blackrock Inc | 0% | -5.12% | 加碼 |
| 37 | CPNG | Coupang Inc | 0% | -3.93% | 加碼 |
| 38 | BAC | Bank Of America CORP | 0% | +62.94% | 加碼 |
| 39 | KO | Coca-cola Co/the | 0% | +32.75% | 加碼 |
| 40 | EMR | Emerson Electric Co | 0% | +17.89% | 加碼 |
| 41 | LAMR | Lamar Advertising Co-a | 0% | +18.93% | 加碼 |
| 42 | TJX | Tjx Companies Inc | 0% | -0.10% | 加碼 |
| 43 | OEF | Ishares S&p 100 ETF | 0% | — | 不變 |
| 44 | RJF | Raymond James Financial Inc | 0% | -0.12% | 加碼 |
| 45 | VTV | Vanguard Value ETF | 0% | +3.15% | 加碼 |
| 46 | QQQ | Invesco Qqq Trust Series 1 | 0% | -0.14% | 減碼 |
| 47 | PM | Philip Morris International | 0% | +0.14% | 加碼 |
| 48 | SCHW | Schwab (charles) CORP | 0% | -3.94% | 加碼 |
| 49 | RTX | Rtx CORP | 0% | -0.02% | 加碼 |
| 50 | MO | Altria Group Inc | 0% | +24.27% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Klingman & Associates, LLC 在 Q3 2025 季度的美股持倉總市值約為 US$23.5億，共申報了 319 個公開持股部位。
在 Q3 2025 季度，Klingman & Associates, LLC 按市值排列的前三大核心持股分別為：IVV (17.1%)、IJH (4.8%)、VTIP (4.5%)。其中最大持股部位 IVV 佔據整體投資組合約 17.1% 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
PSX
市值: US$96.7萬
本季最大獲利了結 / 清倉標的
SPEM
前期市值: US$73.6萬
在 Q3 2025 季度中，Klingman & Associates, LLC 共進行了 196 項持倉異動，包含新建倉 69 個部位、加碼 86 個部位、減碼 28 個部位以及清倉 13 個部位。 其中最大新建倉標的為 PSX。 本季清倉部位包含 SPEM。
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。