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: 0000898358
申報總市值
US$47.9億
US$47.9億
508 檔
15.6%
Q4 2025 季度申報顯示，Kornitzer Capital Management Inc /ks 揭露的美股組合總市值為 US$47.9億，涵蓋 508 個不同之權益投資部位。
Kornitzer Capital Management Inc /ks 在 Q4 2025 的調整主要集中於風險出清，清倉與減碼部位合計達 111 檔，反映機構對當前市場環境或個別公司估值採取較為保留之看法。
檢視投資組合結構，前 5 大主力部位（包含 MSFT, CVX, LLY）占據了總市值的 15.6%，展現出該機構在 Q4 2025 的重點資金聚焦與風險分佈特徵。
僅顯示前 200 大持股（共 508 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 | MSFT | Microsoft CORP | 股票-科技 | 5.40% | -0.24% | -2.58% | |
| 2 | CVX | Chevron CORP | 股票-能源 | 3.10% | -0.92% | -2.39% | |
| 3 | LLY | Eli Lilly & Co | 股票-醫療保健 | 2.48% | +0.58% | -10.03% | |
| 4 | AAPL | Apple Inc | 股票-科技 | 2.38% | +0.15% | -2.86% | |
| 5 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 2.13% | +0.42% | -5.83% | |
| 6 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 1.75% | -0.19% | -2.01% | |
| 7 | XOM | Exxon Mobil CORP | 股票-能源 | 1.68% | -2.39% | EXIT | |
| 8 | IBM | Intl Business Machines CORP | 股票-科技 | 1.55% | +0.17% | -2.51% | |
| 9 | KMI | Kinder Morgan, Inc. | 股票-能源 | 1.47% | -0.14% | -1.89% | |
| 10 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.47% | — | -1.88% | |
| 11 | CSCO | Cisco Systems Inc | 股票-科技 | 1.42% | +0.59% | -0.07% | |
| 12 | WM | Waste Management Inc | 股票-工業 | 1.40% | -0.10% | -3.26% | |
| 13 | AJG | Arthur J Gallagher & Co | 股票-金融 | 1.32% | +0.02% | -0.72% | |
| 14 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.23% | -0.04% | -0.65% | |
| 15 | PEP | Pepsico Inc | 股票-非循環性消費 | 1.22% | -0.20% | -0.55% | |
| 16 | QCOM | Qualcomm Inc | 股票-科技 | 1.22% | +0.34% | -0.58% | |
| 17 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 1.21% | +0.04% | +1.45% | |
| 18 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.19% | -0.10% | -0.81% | |
| 19 | WMT | Walmart Inc | 股票-非循環性消費 | 1.17% | -0.20% | -2.23% | |
| 20 | NVDA | Nvidia CORP | 股票-科技 | 1.15% | +0.07% | +0.79% | |
| 21 | SLB | Slb LTD | 股票-能源 | 1.11% | -0.25% | -2.82% | |
| 22 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 1.06% | -0.02% | -1.78% | |
| 23 | COP | Conocophillips | 股票-能源 | 1.01% | -0.36% | -1.82% | |
| 24 | ABT | Abbott Laboratories | 股票-醫療保健 | 0.98% | -0.16% | -1.54% | |
| 25 | ALL | Allstate CORP | 股票-金融 | 0.96% | +0.12% | -1.61% | |
| 26 | APA | Apa CORP | 股票-能源 | 0.95% | -0.44% | -0.52% | |
| 27 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.85% | +0.03% | -8.70% | |
| 28 | GILD | Gilead Sciences Inc | 股票-醫療保健 | 0.84% | -0.14% | -1.68% | |
| 29 | VZ | Verizon Communications Inc | 股票-通訊服務 | 0.79% | -0.20% | +1.51% | |
| 30 | GD | General Dynamics CORP | 股票-工業 | 0.73% | -0.01% | -4.90% | |
| 31 | TFC | Truist Financial CORP | 股票-金融 | 0.73% | +0.03% | -1.61% | |
| 32 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 0.72% | +0.29% | +2.14% | |
| 33 | ✓ | 股票-其他 | 0.68% | — | +1.20% | ||
| 34 | PFE | Pfizer Inc | 股票-醫療保健 | 0.64% | -0.11% | -0.42% | |
| 35 | SHEL | Shell Plc-adr | 股票-能源 | 0.64% | -0.16% | +5.56% | |
| 36 | ABBNY | Abb Ltd-spon Adr | 股票-工業 | 0.60% | +0.10% | -3.93% | |
| 37 | KMB | Kimberly-clark CORP | 股票-非循環性消費 | 0.58% | +0.07% | -3.34% | |
| 38 | NEM | Newmont CORP | 股票-原物料 | 0.57% | -0.11% | -2.00% | |
| 39 | AZNN | Astrazeneca Plc-spons Adr | 股票-其他 | 0.56% | — | -1.34% | |
| 40 | CINF | Cincinnati Financial CORP | 股票-金融 | 0.55% | +0.06% | -3.01% | |
| 41 | MELI | Mercadolibre Inc | 股票-循環性消費 | 0.51% | -0.07% | -0.20% | |
| 42 | V | Visa Inc-class A Shares | 股票-金融 | 0.51% | +0.05% | -0.44% | |
| 43 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 0.51% | — | -0.15% | |
| 44 | RIO | Rio Tinto Plc-spon Adr | 股票-原物料 | 0.48% | -0.02% | -3.33% | |
| 45 | T | At&t Inc | 股票-通訊服務 | 0.48% | -0.18% | +0.65% | |
| 46 | MSCI | Msci Inc | 股票-金融 | 0.46% | -0.17% | -23.09% | |
| 47 | MLM | Martin Marietta Materials | 股票-原物料 | 0.46% | -0.07% | -25.42% | |
| 48 | CFG | Citizens Financial Group | 股票-金融 | 0.46% | +0.03% | -0.45% | |
| 49 | DINO | Hf Sinclair CORP | 股票-能源 | 0.46% | +0.04% | -3.03% | |
| 50 | ASML | ASML Holding N.V. | 股票-科技 | 0.46% | +0.20% | +0.62% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | LLY | Eli Lilly & Co | +0.6% | -10.03% | 減碼 |
| 2 | GOOGL | Alphabet Inc-cl A | +0.4% | -5.83% | 減碼 |
| 3 | MRK | Merck & Co. Inc. | +0.3% | +1.45% | 加碼 |
| 4 | CSCO | Cisco Systems Inc | +0.2% | -0.07% | 減碼 |
| 5 | JNJ | Johnson & Johnson | +0.2% | -1.88% | 減碼 |
| 6 | AAPL | Apple Inc | +0.2% | -2.86% | 減碼 |
| 7 | RCL | Royal Caribbean Cruises Ltd. | +0.2% | +166.41% | 加碼 |
| 8 | XOM | Exxon Mobil CORP | +0.1% | -1.61% | 減碼 |
| 9 | SLB | Slb LTD | +0.1% | -2.82% | 減碼 |
| 10 | USB | US Bancorp | +0.1% | +141.17% | 加碼 |
| 11 | AZNN | Astrazeneca Plc-spons Adr | +0.1% | -1.34% | 減碼 |
| 12 | NEM | Newmont CORP | +0.1% | -2.00% | 減碼 |
| 13 | TSM | Taiwan Semiconductor-sp Adr | +0.1% | +2.14% | 加碼 |
| 14 | WMT | Walmart Inc | +0.1% | -2.23% | 減碼 |
| 15 | ROK | Rockwell Automation Inc | +0.1% | +216.51% | 加碼 |
| 16 | CSTL | Castle Biosciences Inc | +0.1% | -3.80% | 減碼 |
| 17 | CELH | Celsius Holdings Inc | +0.1% | +103.24% | 加碼 |
| 18 | HLT | Hilton Worldwide Holdings In | +0.1% | +14.18% | 加碼 |
| 19 | RIO | Rio Tinto Plc-spon Adr | +0.1% | -3.33% | 減碼 |
| 20 | GILD | Gilead Sciences Inc | +0.1% | -1.68% | 減碼 |
| 21 | AMZN | Amazon.com Inc | +0.1% | -0.65% | 減碼 |
| 22 | IBM | Intl Business Machines CORP | +0.1% | -2.51% | 減碼 |
| 23 | RGEN | Repligen CORP | +0.1% | +7.03% | 加碼 |
| 24 | BMY | Bristol-myers Squibb Co | +0.1% | +2.94% | 加碼 |
| 25 | EMN | Eastman Chemical Co | +0.1% | +29.48% | 加碼 |
| 26 | SHEL | Shell Plc-adr | +0.1% | +5.56% | 加碼 |
| 27 | TFC | Truist Financial CORP | +0.1% | -1.61% | 減碼 |
| 28 | QCOM | Qualcomm Inc | +0.1% | -0.58% | 減碼 |
| 29 | CWAN | Clearwater Analytics Holdings, Inc. | +0.1% | — | 不變 |
| 30 | ASML | ASML Holding N.V. | +0.1% | +0.62% | 加碼 |
| 31 | GOOG | Alphabet Inc-cl C | +0.1% | -12.33% | 減碼 |
| 32 | PEP | Pepsico Inc | +0.1% | -0.55% | 減碼 |
| 33 | CAH | Cardinal Health Inc | +0.1% | +100.84% | 加碼 |
| 34 | ICE | Intercontinental Exchange In | +0.1% | +32.54% | 加碼 |
| 35 | PCG 4.25 12-01-27債券 | Pg&e CORP | +0.1% | +100.00% | 加碼 |
| 36 | CFG | Citizens Financial Group | +0.1% | -0.45% | 減碼 |
| 37 | PGNY | Progyny Inc | +0.1% | +0.02% | 加碼 |
| 38 | FERG | Ferguson Enterprises Inc | 0% | +150.89% | 加碼 |
| 39 | SEI | Solaris Energy Infrastructur | 0% | +61.79% | 加碼 |
| 40 | LION | Lionsgate Studios CORP | 0% | -7.82% | 減碼 |
| 41 | ✓ | 0% | +0.03% | 加碼 | |
| 42 | AMGN | Amgen Inc | 0% | +19.59% | 加碼 |
| 43 | HP | Helmerich & Payne | 0% | -7.88% | 減碼 |
| 44 | GSK | Gsk Plc-spon Adr | 0% | -3.24% | 減碼 |
| 45 | HWM | Howmet Aerospace Inc | 0% | +18.26% | 加碼 |
| 46 | C | Citigroup Inc | 0% | +6.73% | 加碼 |
| 47 | AVGO | Broadcom Inc | 0% | +4.67% | 加碼 |
| 48 | SKY | Champion Homes Inc | 0% | +0.05% | 加碼 |
| 49 | ✓ | 0% | +1.20% | 加碼 | |
| 50 | CRH | CRH plc | 0% | +0.54% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Kornitzer Capital Management Inc /ks 在 Q4 2025 季度的美股持倉總市值約為 US$47.9億，共申報了 508 個公開持股部位。
在 Q4 2025 季度，Kornitzer Capital Management Inc /ks 按市值排列的前三大核心持股分別為：MSFT (5.4%)、CVX (3.1%)、LLY (2.5%)。其中最大持股部位 MSFT 佔據整體投資組合約 5.4% 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
UL
市值: US$2179.2萬
本季最大獲利了結 / 清倉標的
UL
前期市值: US$2163.4萬
在 Q4 2025 季度中，Kornitzer Capital Management Inc /ks 共進行了 177 項持倉異動，包含新建倉 21 個部位、加碼 45 個部位、減碼 102 個部位以及清倉 9 個部位。 其中最大新建倉標的為 UL。 本季清倉部位包含 UL。
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。