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: 0001308377
申報總市值
US$5.4億
US$5.4億
156 檔
31.2%
Q4 2025 季度申報顯示，Lafayette Investments, Inc. 揭露的美股組合總市值為 US$5.4億，涵蓋 156 個不同之權益投資部位。
在 Q4 2025，Lafayette Investments, Inc. 展現出較為審慎的避險與獲利了結姿態。本季共減碼 27 個部位並完全清倉 2 檔持股，調降曝險的部位數量高於加碼動作。
檢視投資組合結構，前 5 大主力部位（包含 BRK-B, MKL, KLAC）占據了總市值的 31.2%，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 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 11.29% | -0.43% | +0.82% | |
| 2 | MKL | Markel Group Inc | 股票-金融 | 8.29% | -0.54% | +1.08% | |
| 3 | KLAC | Kla CORP | 股票-科技 | 4.36% | +3.06% | -5.66% | |
| 4 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 4.23% | +0.40% | -2.73% | |
| 5 | PGR | Progressive CORP | 股票-金融 | 3.82% | +0.04% | +0.16% | |
| 6 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 3.60% | -0.34% | +1.19% | |
| 7 | MSFT | Microsoft CORP | 股票-科技 | 3.34% | -0.09% | +0.39% | |
| 8 | AAPL | Apple Inc | 股票-科技 | 2.99% | -0.12% | -0.24% | |
| 9 | B | Barrick Mining CORP | 股票-原物料 | 2.70% | -0.39% | -0.53% | |
| 10 | LOW | Lowe's Cos Inc | 股票-循環性消費 | 2.01% | -0.31% | -2.51% | |
| 11 | PAYX | Paychex Inc | 股票-科技 | 1.90% | +0.01% | +0.62% | |
| 12 | NSC | Norfolk Southern CORP | 股票-工業 | 1.82% | — | -0.12% | |
| 13 | SCHW | Schwab (charles) CORP | 股票-金融 | 1.81% | -0.19% | -0.28% | |
| 14 | AZO | Autozone Inc | 股票-循環性消費 | 1.76% | -0.27% | -4.50% | |
| 15 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.75% | -0.17% | -0.92% | |
| 16 | TROW | T Rowe Price Group Inc | 股票-金融 | 1.65% | +0.20% | -0.84% | |
| 17 | JEF | Jefferies Financial Group In | 股票-金融 | 1.61% | +0.12% | -0.34% | |
| 18 | L | Loews CORP | 股票-金融 | 1.45% | -0.06% | -0.55% | |
| 19 | PEP | Pepsico Inc | 股票-非循環性消費 | 1.27% | -0.30% | -2.60% | |
| 20 | LMT | Lockheed Martin CORP | 股票-工業 | 1.24% | -0.40% | -0.54% | |
| 21 | GPC | Genuine Parts Co | 股票-循環性消費 | 1.07% | +0.01% | -2.36% | |
| 22 | SBUX | Starbucks CORP | 股票-循環性消費 | 1.02% | -0.08% | -0.45% | |
| 23 | AMZN | Amazon.com Inc | 股票-循環性消費 | 0.99% | +0.10% | +10.58% | |
| 24 | PAYC | Paycom Software Inc | 股票-科技 | 0.99% | +0.01% | +10.50% | |
| 25 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.97% | +0.02% | -0.75% | |
| 26 | XOM | Exxon Mobil CORP | 股票-能源 | 0.93% | -0.38% | -0.63% | |
| 27 | PH | Parker Hannifin CORP | 股票-工業 | 0.92% | -0.01% | -10.24% | |
| 28 | GHC | Graham Holdings Co-class B | 股票-工業 | 0.89% | -0.02% | -1.33% | |
| 29 | LII | Lennox International Inc | 股票-工業 | 0.85% | +0.10% | -1.31% | |
| 30 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.84% | -0.03% | +0.01% | |
| 31 | ACN | Accenture plc | 股票-科技 | 0.80% | -0.09% | +2.31% | |
| 32 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.80% | -0.18% | -19.38% | |
| 33 | CHKP | Check Point Software Technologies Ltd. | 股票-科技 | 0.78% | -0.10% | -0.34% | |
| 34 | DIS | Walt Disney Co/the | 股票-通訊服務 | 0.75% | -0.05% | -0.61% | |
| 35 | ALLE | Allegion plc | 股票-工業 | 0.72% | -0.10% | -15.92% | |
| 36 | ESAB | Esab CORP | 股票-工業 | 0.72% | -0.05% | +0.47% | |
| 37 | PYPL | Paypal Holdings Inc | 股票-金融 | 0.71% | -0.09% | +2.07% | |
| 38 | MRSH | Marsh & Mclennan Cos | 股票-金融 | 0.68% | -0.08% | -0.66% | |
| 39 | NVO | Novo-nordisk A/s-spons Adr | 股票-醫療保健 | 0.66% | +0.11% | +0.43% | |
| 40 | MSGS | Madison Square Garden Sports | 股票-通訊服務 | 0.66% | +0.12% | +0.11% | |
| 41 | ANET | Arista Networks Inc | 股票-科技 | 0.66% | +0.12% | -10.52% | |
| 42 | GLW | Corning Inc | 股票-科技 | 0.63% | +0.18% | -7.13% | |
| 43 | AOS | Smith (a.o.) CORP | 股票-工業 | 0.61% | -0.12% | -6.90% | |
| 44 | DEO | Diageo Plc-sponsored Adr | 股票-非循環性消費 | 0.60% | -0.03% | -35.22% | |
| 45 | V | Visa Inc-class A Shares | 股票-金融 | 0.58% | +0.03% | +0.78% | |
| 46 | TXN | Texas Instruments Inc | 股票-科技 | 0.56% | +0.08% | -2.86% | |
| 47 | AKRE | Akre Focus ETF | ETF-其他 | 0.55% | -0.05% | — | |
| 48 | BAC | Bank Of America CORP | 股票-金融 | 0.52% | +0.03% | -7.06% | |
| 49 | NKE | Nike Inc -cl B | 股票-循環性消費 | 0.52% | -0.09% | -4.95% | |
| 50 | CMG | Chipotle Mexican Grill Inc | 股票-循環性消費 | 0.52% | — | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | MKL | Markel Group Inc | +0.9% | +1.08% | 加碼 |
| 2 | GOOG | Alphabet Inc-cl C | +0.8% | -2.73% | 減碼 |
| 3 | B | Barrick Mining CORP | +0.6% | -0.53% | 減碼 |
| 4 | BF-B | Brown-forman Corp-class B | +0.3% | +688.15% | 加碼 |
| 5 | KLAC | Kla CORP | +0.2% | -5.66% | 減碼 |
| 6 | AAPL | Apple Inc | +0.2% | -0.24% | 減碼 |
| 7 | JNJ | Johnson & Johnson | +0.2% | -0.92% | 減碼 |
| 8 | AMZN | Amazon.com Inc | +0.1% | +10.58% | 加碼 |
| 9 | ACN | Accenture plc | +0.1% | +2.31% | 加碼 |
| 10 | MSGS | Madison Square Garden Sports | +0.1% | +0.11% | 加碼 |
| 11 | WAT | Waters CORP | +0.1% | -6.94% | 減碼 |
| 12 | FDS | Factset Research Systems Inc | +0.1% | +38.12% | 加碼 |
| 13 | SCHW | Schwab (charles) CORP | +0.1% | -0.28% | 減碼 |
| 14 | ASML | ASML Holding N.V. | +0.1% | +3.13% | 加碼 |
| 15 | L | Loews CORP | 0% | -0.55% | 減碼 |
| 16 | XOM | Exxon Mobil CORP | 0% | -0.63% | 減碼 |
| 17 | GOOGL | Alphabet Inc-cl A | 0% | — | 不變 |
| 18 | BRK-B | Berkshire Hathaway Inc-cl B | -0.1% | +0.82% | 加碼 |
| 19 | TXN | Texas Instruments Inc | -0.1% | -2.86% | 減碼 |
| 20 | ADP | Automatic Data Processing | -0.1% | -24.16% | 減碼 |
| 21 | MRSH | Marsh & Mclennan Cos | -0.1% | -0.66% | 減碼 |
| 22 | NVO | Novo-nordisk A/s-spons Adr | -0.1% | +0.43% | 加碼 |
| 23 | NKE | Nike Inc -cl B | -0.1% | -4.95% | 減碼 |
| 24 | GHC | Graham Holdings Co-class B | -0.1% | -1.33% | 減碼 |
| 25 | CHKP | Check Point Software Technologies Ltd. | -0.1% | -0.34% | 減碼 |
| 26 | PYPL | Paypal Holdings Inc | -0.1% | +2.07% | 加碼 |
| 27 | LII | Lennox International Inc | -0.1% | -1.31% | 減碼 |
| 28 | AOS | Smith (a.o.) CORP | -0.1% | -6.90% | 減碼 |
| 29 | MHK | Mohawk Industries Inc | -0.1% | -1.33% | 減碼 |
| 30 | NSC | Norfolk Southern CORP | -0.1% | -0.12% | 減碼 |
| 31 | JEF | Jefferies Financial Group In | -0.1% | -0.34% | 減碼 |
| 32 | LOW | Lowe's Cos Inc | -0.2% | -2.51% | 減碼 |
| 33 | ANET | Arista Networks Inc | -0.2% | -10.52% | 減碼 |
| 34 | PAYC | Paycom Software Inc | -0.2% | +10.50% | 加碼 |
| 35 | GPC | Genuine Parts Co | -0.2% | -2.36% | 減碼 |
| 36 | ALLE | Allegion plc | -0.3% | -15.92% | 減碼 |
| 37 | PAYX | Paychex Inc | -0.3% | +0.62% | 加碼 |
| 38 | MSFT | Microsoft CORP | -0.3% | +0.39% | 加碼 |
| 39 | COST | Costco Wholesale CORP | -0.3% | -19.38% | 減碼 |
| 40 | PGR | Progressive CORP | -0.4% | +0.16% | 加碼 |
| 41 | META | Meta Platforms Inc-class A | -0.4% | +1.19% | 加碼 |
| 42 | DEO | Diageo Plc-sponsored Adr | -0.4% | -35.22% | 減碼 |
| 43 | AZO | Autozone Inc | -0.6% | -4.50% | 減碼 |
| 44 | AKRE | Akre Focus ETF | — | NEW | 新建倉 |
| 45 | CMG | Chipotle Mexican Grill Inc | — | NEW | 新建倉 |
| 46 | VEA | Vanguard Ftse Developed ETF | — | NEW | 新建倉 |
| 47 | AXON | Axon Enterprise Inc | — | EXIT | 清倉 |
| 48 | MS | Morgan Stanley | — | NEW | 新建倉 |
| 49 | WMT | Walmart Inc | — | NEW | 新建倉 |
| 50 | UL | Unilever PLC | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Lafayette Investments, Inc. 在 Q4 2025 季度的美股持倉總市值約為 US$5.4億，共申報了 156 個公開持股部位。
在 Q4 2025 季度，Lafayette Investments, Inc. 按市值排列的前三大核心持股分別為：BRK-B (11.3%)、MKL (8.3%)、KLAC (4.4%)。其中最大持股部位 BRK-B 佔據整體投資組合約 11.3% 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
AKRE
市值: US$292.1萬
本季最大獲利了結 / 清倉標的
AXON
前期市值: US$35.9萬
在 Q4 2025 季度中，Lafayette Investments, Inc. 共進行了 49 項持倉異動，包含新建倉 5 個部位、加碼 15 個部位、減碼 27 個部位以及清倉 2 個部位。 其中最大新建倉標的為 AKRE。 本季清倉部位包含 AXON。
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。