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: 0001392364
申報總市值
US$9.7億
US$9.7億
370 檔
13.5%
Q4 2025 季度申報顯示，L & S Advisors Inc 揭露的美股組合總市值為 US$9.7億，涵蓋 370 個不同之權益投資部位。
Q4 2025 的申報記錄反映 L & S Advisors Inc 的板塊替換策略：機構本季推動了 110 筆增持與 90 筆減持，籌碼呈現明顯的結構重組。
檢視投資組合結構，前 5 大主力部位（包含 AAPL, , ）占據了總市值的 13.5%，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 370 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 | AAPL | Apple Inc | 股票-科技 | 3.13% | -0.67% | -1.63% | |
| 2 | ✓ | 股票-其他 | 2.59% | — | +0.15% | ||
| 3 | ✓ | 股票-其他 | 2.55% | — | -16.40% | ||
| 4 | MSFT | Microsoft CORP | 股票-科技 | 1.94% | -0.33% | -5.82% | |
| 5 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.86% | -0.41% | -7.25% | |
| 6 | ✓ | 股票-其他 | 1.86% | — | +7.32% | ||
| 7 | ✓ | 股票-其他 | 1.80% | — | +29.77% | ||
| 8 | ✓ | 股票-其他 | 1.80% | — | +33.58% | ||
| 9 | ✓ | 股票-其他 | 1.77% | — | -1.72% | ||
| 10 | BAC | Bank Of America CORP | 股票-金融 | 1.63% | +0.96% | +37.71% | |
| 11 | C | Citigroup Inc | 股票-金融 | 1.54% | +0.43% | +26.39% | |
| 12 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.46% | -0.10% | +27.85% | |
| 13 | STT | State Street CORP | 股票-金融 | 1.43% | +0.08% | +18.07% | |
| 14 | ✓ | 股票-其他 | 1.36% | — | -1.51% | ||
| 15 | ✓ | 股票-其他 | 1.31% | — | -72.68% | ||
| 16 | BNY | Bank Of New York Mellon CORP | 股票-金融 | 1.30% | +0.15% | +14.03% | |
| 17 | AVGO | Broadcom Inc | 股票-科技 | 1.27% | -0.55% | -30.23% | |
| 18 | ✓ | 股票-其他 | 1.18% | — | +557.63% | ||
| 19 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.08% | -0.14% | +38.55% | |
| 20 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 1.05% | +0.20% | -5.72% | |
| 21 | MU | Micron Technology Inc | 股票-科技 | 1.02% | +0.14% | -28.43% | |
| 22 | WDC | Western Digital CORP | 股票-科技 | 0.91% | -0.02% | -51.06% | |
| 23 | LRCX | Lam Research CORP | 股票-科技 | 0.87% | +0.44% | — | |
| 24 | ETN | Eaton Corporation plc | 股票-工業 | 0.85% | -0.01% | -22.59% | |
| 25 | ROK | Rockwell Automation Inc | 股票-工業 | 0.85% | +0.08% | -3.59% | |
| 26 | WMT | Walmart Inc | 股票-非循環性消費 | 0.81% | -0.26% | +25.02% | |
| 27 | ✓ | 股票-其他 | 0.78% | — | -48.80% | ||
| 28 | CMI | Cummins Inc | 股票-工業 | 0.76% | +0.06% | -34.29% | |
| 29 | WMB | Williams Cos Inc | 股票-能源 | 0.76% | -0.75% | +4.91% | |
| 30 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.74% | +0.49% | -18.18% | |
| 31 | AA | Alcoa CORP | 股票-原物料 | 0.73% | — | — | |
| 32 | ✓ | 股票-其他 | 0.73% | — | — | ||
| 33 | VTI | Vanguard Total Stock Mkt ETF | ETF-其他 | 0.72% | -0.04% | -1.47% | |
| 34 | ✓ | 股票-其他 | 0.72% | — | -30.13% | ||
| 35 | AZN | AstraZeneca PLC | 股票-醫療保健 | 0.72% | -0.11% | — | |
| 36 | RIO | Rio Tinto Plc-spon Adr | 股票-原物料 | 0.72% | -0.09% | EXIT | |
| 37 | DOV | Dover CORP | 股票-工業 | 0.72% | -0.11% | — | |
| 38 | ✓ | 股票-其他 | 0.68% | — | -18.57% | ||
| 39 | ✓ | 股票-其他 | 0.67% | — | -21.78% | ||
| 40 | CAT | Caterpillar Inc | 股票-工業 | 0.67% | +0.35% | — | |
| 41 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.67% | -0.07% | +120.18% | |
| 42 | HON | Honeywell International Inc | 股票-工業 | 0.67% | -1.07% | EXIT | |
| 43 | CCJ | Cameco CORP | 股票-能源 | 0.66% | -0.35% | +6.03% | |
| 44 | ✓ | 股票-其他 | 0.66% | — | +320.85% | ||
| 45 | URI | United Rentals Inc | 股票-工業 | 0.66% | +0.50% | NEW | |
| 46 | DAL | Delta Air Lines Inc | 股票-工業 | 0.66% | +1.03% | NEW | |
| 47 | ✓ | 股票-其他 | 0.65% | — | — | ||
| 48 | IBM | Intl Business Machines CORP | 股票-科技 | 0.63% | — | -0.14% | |
| 49 | AXP | American Express Co | 股票-金融 | 0.63% | +1.10% | +80.03% | |
| 50 | PH | Parker Hannifin CORP | 股票-工業 | 0.62% | -0.11% | +100.26% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | ✓ | +1% | +557.63% | 加碼 | |
| 2 | LLY | Eli Lilly & Co | +0.6% | +27.85% | 加碼 |
| 3 | ✓ | +0.5% | +320.85% | 加碼 | |
| 4 | ✓ | +0.5% | +29.77% | 加碼 | |
| 5 | BAC | Bank Of America CORP | +0.5% | +37.71% | 加碼 |
| 6 | C | Citigroup Inc | +0.4% | +26.39% | 加碼 |
| 7 | ✓ | +0.4% | +33.58% | 加碼 | |
| 8 | ✓ | +0.4% | +1283.05% | 加碼 | |
| 9 | JNJ | Johnson & Johnson | +0.4% | +38.55% | 加碼 |
| 10 | PH | Parker Hannifin CORP | +0.3% | +100.26% | 加碼 |
| 11 | PG | Procter & Gamble Co/the | +0.3% | +120.18% | 加碼 |
| 12 | AXP | American Express Co | +0.3% | +80.03% | 加碼 |
| 13 | STT | State Street CORP | +0.3% | +18.07% | 加碼 |
| 14 | SNDK | Sandisk CORP | +0.3% | -14.51% | 減碼 |
| 15 | BNY | Bank Of New York Mellon CORP | +0.2% | +14.03% | 加碼 |
| 16 | WMT | Walmart Inc | +0.2% | +25.02% | 加碼 |
| 17 | BINC | Ishares Flex I A Etf-usd Inc | +0.2% | +139.28% | 加碼 |
| 18 | ✓ | +0.2% | +136.78% | 加碼 | |
| 19 | MU | Micron Technology Inc | +0.2% | -28.43% | 減碼 |
| 20 | ORA | Ormat Technologies Inc | +0.1% | +88.95% | 加碼 |
| 21 | ✓ | +0.1% | -16.40% | 減碼 | |
| 22 | ✓ | +0.1% | +0.98% | 加碼 | |
| 23 | ✓ | Seagate Hdd Cayman | +0.1% | +183.73% | 加碼 |
| 24 | ✓ | +0.1% | +31.48% | 加碼 | |
| 25 | CCJ | Cameco CORP | +0.1% | +6.03% | 加碼 |
| 26 | BRLMX | Bramshill Multi-str Inc-inst | +0.1% | +82.35% | 加碼 |
| 27 | ✓ | +0.1% | +218.67% | 加碼 | |
| 28 | ✓ | +0.1% | +1.52% | 加碼 | |
| 29 | BTSG | Brightspring Health Services | 0% | -3.73% | 減碼 |
| 30 | ✓ | Transocean Inc | 0% | +33.36% | 加碼 |
| 31 | CRS | Carpenter Technology | 0% | -2.94% | 減碼 |
| 32 | AAPL | Apple Inc | 0% | -1.63% | 減碼 |
| 33 | ROK | Rockwell Automation Inc | 0% | -3.59% | 減碼 |
| 34 | STLD | Steel Dynamics Inc | 0% | -6.63% | 減碼 |
| 35 | ✓ | 0% | +0.42% | 加碼 | |
| 36 | GPOR | Gulfport Energy CORP | 0% | +14.66% | 加碼 |
| 37 | FN | Fabrinet | 0% | -2.66% | 減碼 |
| 38 | ✓ | 0% | +86.67% | 加碼 | |
| 39 | ✓ | Vital Energy Inc | 0% | +16.36% | 加碼 |
| 40 | ✓ | 0% | +0.11% | 加碼 | |
| 41 | KLAC | Kla CORP | 0% | -2.64% | 減碼 |
| 42 | ✓ | Amer Airline 16-1 A | 0% | +48.36% | 加碼 |
| 43 | ✓ | 0% | +16.12% | 加碼 | |
| 44 | ✓ | 0% | +51.58% | 加碼 | |
| 45 | NU | Nu Holdings Ltd. | 0% | +1.73% | 加碼 |
| 46 | IBM | Intl Business Machines CORP | 0% | -0.14% | 減碼 |
| 47 | HWM | Howmet Aerospace Inc | — | +1.31% | 加碼 |
| 48 | ✓ | — | +5.53% | 加碼 | |
| 49 | TSM | Taiwan Semiconductor-sp Adr | 0% | -5.72% | 減碼 |
| 50 | ✓ | Mercer Intl Inc | 0% | -3.99% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，L & S Advisors Inc 在 Q4 2025 季度的美股持倉總市值約為 US$9.7億，共申報了 370 個公開持股部位。
在 Q4 2025 季度，L & S Advisors Inc 按市值排列的前三大核心持股分別為：AAPL (3.1%)、 (2.6%)、 (2.5%)。其中最大持股部位 AAPL 佔據整體投資組合約 3.1% 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
LRCX
市值: US$946.0萬
本季最大獲利了結 / 清倉標的
DLR
前期市值: US$1246.5萬
在 Q4 2025 季度中，L & S Advisors Inc 共進行了 200 項持倉異動，包含新建倉 69 個部位、加碼 41 個部位、減碼 47 個部位以及清倉 43 個部位。 其中最大新建倉標的為 LRCX。 本季清倉部位包含 DLR。
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。