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: 0001768089
申報總市值
US$3.9億
US$3.9億
129 檔
30.2%
截至 Q4 2025 季度末，Knuff & Co LLC 的美股持倉估值約為 US$3.9億，全數申報部位共有 129 檔。
在 Q4 2025，Knuff & Co LLC 操作展現出積極擴展與加碼意向。本季共新建倉 3 個新部位，並對 26 個既有持股進行加碼（合計增持 29 檔），相較減碼與清倉部位顯著佔優。
檢視投資組合結構，前 5 大主力部位（包含 AAPL, MSFT, PG）占據了總市值的 30.2%，展現出該機構在 Q4 2025 的重點資金聚焦與風險分佈特徵。
| # | 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 | 12.73% | -0.19% | +1.80% | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 8.50% | -0.56% | +0.52% | |
| 3 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 5.64% | -1.01% | -0.47% | |
| 4 | NFLX | Netflix Inc | 股票-通訊服務 | 4.60% | -1.73% | +889.09% | |
| 5 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 3.74% | +0.81% | +0.12% | |
| 6 | CAT | Caterpillar Inc | 股票-工業 | 3.47% | +1.08% | — | |
| 7 | AMZN | Amazon.com Inc | 股票-循環性消費 | 3.12% | +0.01% | +40.14% | |
| 8 | MELI | Mercadolibre Inc | 股票-循環性消費 | 2.95% | +1.04% | +12.50% | |
| 9 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 2.70% | -0.69% | +0.03% | |
| 10 | NVO | Novo-nordisk A/s-spons Adr | 股票-醫療保健 | 2.58% | +0.35% | -32.65% | |
| 11 | AVGO | Broadcom Inc | 股票-科技 | 2.56% | -0.04% | +0.22% | |
| 12 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 2.51% | -0.24% | +0.83% | |
| 13 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 2.48% | +0.72% | +5.32% | |
| 14 | FTNT | Fortinet Inc | 股票-科技 | 2.46% | +1.55% | +0.31% | |
| 15 | BABA | Alibaba Group Holding-sp Adr | 股票-循環性消費 | 2.45% | -0.91% | +4.43% | |
| 16 | NVDA | Nvidia CORP | 股票-科技 | 2.26% | +0.39% | -1.05% | |
| 17 | XOM | Exxon Mobil CORP | 股票-能源 | 2.23% | -3.21% | EXIT | |
| 18 | VRTX | Vertex Pharmaceuticals Inc | 股票-醫療保健 | 1.90% | -0.08% | +0.09% | |
| 19 | MDB | Mongodb Inc | 股票-科技 | 1.75% | +0.09% | +13.11% | |
| 20 | CELH | Celsius Holdings Inc | 股票-非循環性消費 | 1.72% | — | +7.14% | |
| 21 | MNST | Monster Beverage CORP | 股票-非循環性消費 | 1.64% | +0.39% | — | |
| 22 | EFX | Equifax Inc | 股票-工業 | 1.50% | -0.54% | — | |
| 23 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 1.39% | -0.19% | +0.39% | |
| 24 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.17% | +0.03% | +1.14% | |
| 25 | BA | Boeing Co/the | 股票-工業 | 1.16% | -0.09% | +1.01% | |
| 26 | AXP | American Express Co | 股票-金融 | 1.08% | -0.01% | +1.08% | |
| 27 | AMT | American Tower CORP | 股票-房地產 | 0.92% | -0.12% | -28.03% | |
| 28 | GE | General Electric | 股票-工業 | 0.92% | +0.10% | +0.91% | |
| 29 | HD | Home Depot Inc | 股票-循環性消費 | 0.89% | -0.12% | +0.10% | |
| 30 | ALB | Albemarle CORP | 股票-原物料 | 0.88% | -0.42% | — | |
| 31 | NEE | Nextera Energy Inc | 股票-公用事業 | 0.82% | -0.18% | +1.41% | |
| 32 | AFL | Aflac Inc | 股票-金融 | 0.81% | +0.09% | — | |
| 33 | MCHP | Microchip Technology Inc | 股票-科技 | 0.67% | +0.13% | NEW | |
| 34 | CVX | Chevron CORP | 股票-能源 | 0.65% | -0.24% | — | |
| 35 | V | Visa Inc-class A Shares | 股票-金融 | 0.54% | -0.05% | — | |
| 36 | GILD | Gilead Sciences Inc | 股票-醫療保健 | 0.52% | -0.06% | — | |
| 37 | CL | Colgate-palmolive Co | 股票-非循環性消費 | 0.52% | -0.05% | -6.30% | |
| 38 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.51% | -0.04% | -0.07% | |
| 39 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.50% | -0.05% | +6.32% | |
| 40 | ORCL | Oracle CORP | 股票-科技 | 0.47% | -0.09% | — | |
| 41 | PFE | Pfizer Inc | 股票-醫療保健 | 0.47% | -0.15% | — | |
| 42 | PHM | Pultegroup Inc | 股票-循環性消費 | 0.46% | -0.42% | EXIT | |
| 43 | WFC | Wells Fargo & Co | 股票-金融 | 0.46% | -0.04% | — | |
| 44 | DIS | Walt Disney Co/the | 股票-通訊服務 | 0.44% | -0.25% | — | |
| 45 | GEV | GE Vernova Inc | 股票-工業 | 0.43% | +0.08% | +0.99% | |
| 46 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.40% | -0.04% | — | |
| 47 | QCOM | Qualcomm Inc | 股票-科技 | 0.38% | +0.01% | — | |
| 48 | WM | Waste Management Inc | 股票-工業 | 0.37% | -0.16% | +21.81% | |
| 49 | SCHV | Schwab US Large-cap Value | ETF-其他 | 0.35% | -0.15% | — | |
| 50 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.34% | +0.02% | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | AAPL | Apple Inc | +1.2% | +1.80% | 加碼 |
| 2 | AMZN | Amazon.com Inc | +1% | +40.14% | 加碼 |
| 3 | GOOG | Alphabet Inc-cl C | +0.9% | +0.12% | 加碼 |
| 4 | MDB | Mongodb Inc | +0.7% | +13.11% | 加碼 |
| 5 | CAT | Caterpillar Inc | +0.6% | — | 不變 |
| 6 | ALB | Albemarle CORP | +0.4% | — | 不變 |
| 7 | TSM | Taiwan Semiconductor-sp Adr | +0.4% | +5.32% | 加碼 |
| 8 | GOOGL | Alphabet Inc-cl A | +0.3% | +1.14% | 加碼 |
| 9 | VRTX | Vertex Pharmaceuticals Inc | +0.3% | +0.09% | 加碼 |
| 10 | TMO | Thermo Fisher Scientific Inc | +0.3% | +0.39% | 加碼 |
| 11 | MNST | Monster Beverage CORP | +0.2% | — | 不變 |
| 12 | XOM | Exxon Mobil CORP | +0.2% | -0.02% | 減碼 |
| 13 | AVGO | Broadcom Inc | +0.2% | +0.22% | 加碼 |
| 14 | NOW | Servicenow Inc | +0.2% | +1250.59% | 加碼 |
| 15 | AXP | American Express Co | +0.1% | +1.08% | 加碼 |
| 16 | JNJ | Johnson & Johnson | +0.1% | +6.32% | 加碼 |
| 17 | NEE | Nextera Energy Inc | +0.1% | +1.41% | 加碼 |
| 18 | MRK | Merck & Co. Inc. | +0.1% | — | 不變 |
| 19 | WM | Waste Management Inc | +0.1% | +21.81% | 加碼 |
| 20 | CMI | Cummins Inc | +0.1% | — | 不變 |
| 21 | GILD | Gilead Sciences Inc | +0.1% | — | 不變 |
| 22 | TJX | Tjx Companies Inc | +0.1% | +38.66% | 加碼 |
| 23 | WFC | Wells Fargo & Co | +0.1% | — | 不變 |
| 24 | DHR | Danaher CORP | +0.1% | -0.41% | 減碼 |
| 25 | LIN | Linde plc | 0% | +111.40% | 加碼 |
| 26 | LLY | Eli Lilly & Co | 0% | +9.16% | 加碼 |
| 27 | BMY | Bristol-myers Squibb Co | 0% | +1.86% | 加碼 |
| 28 | CL | Colgate-palmolive Co | 0% | -6.30% | 減碼 |
| 29 | MELI | Mercadolibre Inc | -0.1% | +12.50% | 加碼 |
| 30 | ZTS | Zoetis Inc | -0.1% | -64.10% | 減碼 |
| 31 | AGG | Ishares Core U.s. Aggregate | -0.1% | -80.03% | 減碼 |
| 32 | FTNT | Fortinet Inc | -0.1% | +0.31% | 加碼 |
| 33 | HD | Home Depot Inc | -0.1% | +0.10% | 加碼 |
| 34 | COST | Costco Wholesale CORP | -0.2% | +0.03% | 加碼 |
| 35 | ORCL | Oracle CORP | -0.2% | — | 不變 |
| 36 | EFX | Equifax Inc | -0.3% | — | 不變 |
| 37 | CELH | Celsius Holdings Inc | -0.3% | +7.14% | 加碼 |
| 38 | PG | Procter & Gamble Co/the | -0.3% | -0.47% | 減碼 |
| 39 | BABA | Alibaba Group Holding-sp Adr | -0.4% | +4.43% | 加碼 |
| 40 | MSFT | Microsoft CORP | -0.4% | +0.52% | 加碼 |
| 41 | AMT | American Tower CORP | -0.5% | -28.03% | 減碼 |
| 42 | TTD | Trade Desk Inc/the -class A | -0.8% | -92.89% | 減碼 |
| 43 | NFLX | Netflix Inc | -1.2% | +889.09% | 加碼 |
| 44 | NVO | Novo-nordisk A/s-spons Adr | -1.5% | -32.65% | 減碼 |
| 45 | JD | Jd.com Inc-adr | — | EXIT | 清倉 |
| 46 | VRSN | Verisign Inc | — | EXIT | 清倉 |
| 47 | SIRI | Sirius Xm Holdings Inc | — | EXIT | 清倉 |
| 48 | AMBA | Ambarella, Inc. | — | NEW | 新建倉 |
| 49 | OKLO | Oklo Inc | — | NEW | 新建倉 |
| 50 | ALGN | Align Technology Inc | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Knuff & Co LLC 在 Q4 2025 季度的美股持倉總市值約為 US$3.9億，共申報了 129 個公開持股部位。
在 Q4 2025 季度，Knuff & Co LLC 按市值排列的前三大核心持股分別為：AAPL (12.7%)、MSFT (8.5%)、PG (5.6%)。其中最大持股部位 AAPL 佔據整體投資組合約 12.7% 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
AMBA
市值: US$21.4萬
本季最大獲利了結 / 清倉標的
JD
前期市值: US$516.5萬
在 Q4 2025 季度中，Knuff & Co LLC 共進行了 41 項持倉異動，包含新建倉 3 個部位、加碼 26 個部位、減碼 9 個部位以及清倉 3 個部位。 其中最大新建倉標的為 AMBA。 本季清倉部位包含 JD。
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。