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: 0001728321
申報總市值
US$20.8億
US$20.8億
1004 檔
17.7%
在 Q4 2025 的 13F 官方備案中，Kovack Advisors, Inc. 管理的美股投資組合規模來到 US$20.8億，整體持股檔數為 1004 檔。
Q4 2025 數據顯示 Kovack Advisors, Inc. 積極進場，新開立 60 個部位並同步加碼 136 檔個股，反映機構在該季度的資金注入與籌碼積累。
在資產配置集中度方面，Kovack Advisors, Inc. 的前 5 大核心持股（包含 NVDA, AAPL, AMZN 等）合計佔整體申報市值的 17.7%，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 1004 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 | 5.05% | -0.01% | +78.02% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 3.58% | -0.05% | +81.82% | |
| 3 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.92% | -0.11% | +124.86% | |
| 4 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 2.84% | +0.01% | +134.28% | |
| 5 | MSFT | Microsoft CORP | 股票-科技 | 2.72% | -0.22% | +134.27% | |
| 6 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 2.28% | +0.13% | +76.36% | |
| 7 | TSLA | Tesla Inc | 股票-循環性消費 | 1.81% | -0.44% | +246.32% | |
| 8 | SPMO | Invesco S&p 500 Momentum ETF | ETF-大型股與成長 | 1.59% | +0.45% | +20.42% | |
| 9 | SLV | Ishares Silver Trust | ETF-避險與商品 | 1.58% | -0.14% | +938.93% | |
| 10 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 1.57% | +0.50% | +31.89% | |
| 11 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.46% | -0.12% | +317.32% | |
| 12 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.45% | +0.08% | +50.29% | |
| 13 | AVGO | Broadcom Inc | 股票-科技 | 1.29% | — | +100.84% | |
| 14 | VOO | Vanguard S&p 500 ETF | ETF-大型股與成長 | 1.26% | +0.08% | +23.67% | |
| 15 | SCHG | Schwab US Large-cap Growth | ETF-其他 | 0.90% | +0.01% | +16.38% | |
| 16 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.85% | +0.05% | +94.98% | |
| 17 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.78% | -0.21% | +128.37% | |
| 18 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.72% | -0.07% | +29.78% | |
| 19 | IDMO | Invesco S&p International De | ETF-其他 | 0.71% | -0.02% | -2.48% | |
| 20 | MSTR 8 PERP債券 | Strategy Inc | 債券 | 0.67% | -0.77% | EXIT | |
| 21 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.62% | -0.02% | +50.53% | |
| 22 | BUFR | Ft Vest Lad Buffervetf-usd I | ETF-其他 | 0.61% | -0.06% | +347.62% | |
| 23 | VTI | Vanguard Total Stock Mkt ETF | ETF-其他 | 0.57% | +0.01% | +48.04% | |
| 24 | ITOT | Ishares Core S&p Total U.s. | ETF-其他 | 0.54% | +0.02% | +969.53% | |
| 25 | VTV | Vanguard Value ETF | ETF-其他 | 0.54% | — | +55.79% | |
| 26 | XLK | Ss Technology Select Sector | ETF-科技型 | 0.53% | +0.14% | +229.11% | |
| 27 | VIG | Vanguard Dividend Apprec ETF | ETF-其他 | 0.52% | +0.05% | +140.70% | |
| 28 | GLD | Spdr Gold Shares | ETF-避險與商品 | 0.52% | -0.22% | +140.70% | |
| 29 | HD | Home Depot Inc | 股票-循環性消費 | 0.52% | -0.02% | +133.72% | |
| 30 | VST | Vistra CORP | 股票-公用事業 | 0.50% | — | +4.10% | |
| 31 | PANW | Palo Alto Networks Inc | 股票-科技 | 0.50% | +0.11% | +14.40% | |
| 32 | RDVY | First Trust Rising Dividend | ETF-其他 | 0.49% | +0.03% | +33.21% | |
| 33 | VUG | Vanguard Growth ETF | ETF-其他 | 0.48% | +0.01% | +39.74% | |
| 34 | IBOC | International Bancshares Crp | 股票-其他 | 0.46% | — | +10.62% | |
| 35 | CGDV | Cap Group Dividend Value | ETF-其他 | 0.46% | -0.01% | +234.16% | |
| 36 | RTX | Rtx CORP | 股票-工業 | 0.46% | -0.11% | +50.85% | |
| 37 | QQQM | Invesco Nasdaq 100 ETF | ETF-科技型 | 0.46% | +0.13% | +1472.06% | |
| 38 | SCHF | Schwab Intl Equity ETF | ETF-其他 | 0.45% | +0.03% | — | |
| 39 | DYNF | Ishrs US E F R A Etf-usd Inc | ETF-其他 | 0.43% | +0.01% | +2568.41% | |
| 40 | PULS | Pgim Ultra Short Bond ETF | ETF-其他 | 0.43% | -0.13% | +2266.36% | |
| 41 | VRT | Vertiv Holdings Co-a | 股票-工業 | 0.42% | +0.05% | +13.61% | |
| 42 | JAZZ | Jazz Pharmaceuticals plc | 股票-醫療保健 | 0.42% | — | -1.38% | |
| 43 | CVX | Chevron CORP | 股票-能源 | 0.41% | -0.11% | +34.01% | |
| 44 | WMT | Walmart Inc | 股票-非循環性消費 | 0.41% | -0.10% | +119.34% | |
| 45 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.41% | +0.09% | +29.95% | |
| 46 | NOW | Servicenow Inc | 股票-科技 | 0.41% | +0.07% | +1269.73% | |
| 47 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.41% | +0.04% | +55.95% | |
| 48 | FDVV | Fidelity High Dividend ETF | ETF-其他 | 0.40% | +0.01% | +0.17% | |
| 49 | XOM | Exxon Mobil CORP | 股票-能源 | 0.40% | -0.18% | +105.74% | |
| 50 | XMMO | Invesco S&p Midcap Momentum | ETF-其他 | 0.40% | +0.01% | +6.14% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | SLV | Ishares Silver Trust | +1.4% | +938.93% | 加碼 |
| 2 | TSLA | Tesla Inc | +0.8% | +246.32% | 加碼 |
| 3 | META | Meta Platforms Inc-class A | +0.7% | +317.32% | 加碼 |
| 4 | IVV | Ishares Core S&p 500 ETF | +0.4% | +134.28% | 加碼 |
| 5 | ITOT | Ishares Core S&p Total U.s. | +0.4% | +969.53% | 加碼 |
| 6 | AMZN | Amazon.com Inc | +0.4% | +124.86% | 加碼 |
| 7 | QQQM | Invesco Nasdaq 100 ETF | +0.4% | +1472.06% | 加碼 |
| 8 | DYNF | Ishrs US E F R A Etf-usd Inc | +0.4% | +2568.41% | 加碼 |
| 9 | PULS | Pgim Ultra Short Bond ETF | +0.4% | +2266.36% | 加碼 |
| 10 | BUFR | Ft Vest Lad Buffervetf-usd I | +0.3% | +347.62% | 加碼 |
| 11 | COWZ | Pacer US Cash Cows 100 ETF | +0.3% | +2951.67% | 加碼 |
| 12 | IAU | Ishares Gold Trust | +0.3% | +1024.08% | 加碼 |
| 13 | PPA | Invesco Aerospace & Defense | +0.3% | +964.83% | 加碼 |
| 14 | SHOP | Shopify Inc - Class A | +0.2% | +311.44% | 加碼 |
| 15 | MSTR | Strategy Inc | +0.2% | +4779.82% | 加碼 |
| 16 | MSFT | Microsoft CORP | +0.2% | +134.27% | 加碼 |
| 17 | CGDV | Cap Group Dividend Value | +0.2% | +234.16% | 加碼 |
| 18 | QUAL | Ishares Msci USA Quality Fac | +0.2% | +445.53% | 加碼 |
| 19 | GOOG | Alphabet Inc-cl C | +0.2% | +94.98% | 加碼 |
| 20 | INTC | Intel CORP | +0.2% | +238.53% | 加碼 |
| 21 | LRCX | Lam Research CORP | +0.2% | +352.61% | 加碼 |
| 22 | IWM | Ishares Russell 2000 ETF | +0.2% | +586.31% | 加碼 |
| 23 | BIL | Ss Spdr Bb 1-3m T-bill ETF | +0.2% | +1027.66% | 加碼 |
| 24 | PYPL | Paypal Holdings Inc | +0.2% | +997.63% | 加碼 |
| 25 | VO | Vanguard Mid-cap ETF | +0.1% | +669.57% | 加碼 |
| 26 | SMH | Vaneck Semiconductor ETF | +0.1% | +483.22% | 加碼 |
| 27 | GLD | Spdr Gold Shares | +0.1% | +140.70% | 加碼 |
| 28 | NEAR | Ishares Sh Dba ETF Usd Inc | +0.1% | +1097.55% | 加碼 |
| 29 | CEG | Constellation Energy | +0.1% | +911.95% | 加碼 |
| 30 | GILD | Gilead Sciences Inc | +0.1% | +572.87% | 加碼 |
| 31 | SNOW | Snowflake Inc | +0.1% | +1241.41% | 加碼 |
| 32 | VIG | Vanguard Dividend Apprec ETF | +0.1% | +140.70% | 加碼 |
| 33 | LLY | Eli Lilly & Co | +0.1% | +90.29% | 加碼 |
| 34 | MU | Micron Technology Inc | +0.1% | +132.68% | 加碼 |
| 35 | VRTX | Vertex Pharmaceuticals Inc | +0.1% | +439.76% | 加碼 |
| 36 | QXO | Qxo Inc | +0.1% | +1156.43% | 加碼 |
| 37 | CRWD | Crowdstrike Holdings Inc - A | +0.1% | +175.56% | 加碼 |
| 38 | COST | Costco Wholesale CORP | +0.1% | +183.90% | 加碼 |
| 39 | FTSM | First Trust Enh Short Mat Fd | +0.1% | +265.46% | 加碼 |
| 40 | HOOD | Robinhood Markets Inc - A | +0.1% | +527.76% | 加碼 |
| 41 | AMAT | Applied Materials Inc | +0.1% | +266.87% | 加碼 |
| 42 | PLTR | Palantir Technologies Inc-a | +0.1% | +128.37% | 加碼 |
| 43 | ABBV | Abbvie Inc | +0.1% | +157.73% | 加碼 |
| 44 | WMT | Walmart Inc | +0.1% | +119.34% | 加碼 |
| 45 | UBER | Uber Technologies Inc | +0.1% | +389.37% | 加碼 |
| 46 | IJR | Ishares Core S&p Small-cap E | +0.1% | +297.45% | 加碼 |
| 47 | ADI | Analog Devices Inc | +0.1% | +399.04% | 加碼 |
| 48 | TLT | Ishares 20+ Year Treasury Bd | +0.1% | +599.19% | 加碼 |
| 49 | ITA | Ishares U.s. Aerospace & Def | +0.1% | +430.82% | 加碼 |
| 50 | AVGO | Broadcom Inc | +0.1% | +100.84% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Kovack Advisors, Inc. 在 Q4 2025 季度的美股持倉總市值約為 US$20.8億，共申報了 1004 個公開持股部位。
在 Q4 2025 季度，Kovack Advisors, Inc. 按市值排列的前三大核心持股分別為：NVDA (5.0%)、AAPL (3.6%)、AMZN (2.9%)。其中最大持股部位 NVDA 佔據整體投資組合約 5.0% 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
MSTR 8 PERP
市值: US$1434.1萬
本季最大獲利了結 / 清倉標的
HYGH
前期市值: US$807.0萬
在 Q4 2025 季度中，Kovack Advisors, Inc. 共進行了 200 項持倉異動，包含新建倉 60 個部位、加碼 136 個部位、減碼 4 個部位以及清倉 0 個部位。 其中最大新建倉標的為 MSTR 8 PERP。
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。