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: 0001966581
申報總市值
US$1.8億
US$1.8億
105 檔
23.1%
截至 Q4 2025 季度末，Lakewood Asset Management LLC 的美股持倉估值約為 US$1.8億，全數申報部位共有 105 檔。
觀察 Q4 2025 的申報異動，Lakewood Asset Management LLC 採取了強勁的買進策略，建倉與加碼動作（合計 35 筆）涵蓋多個核心板塊，展現機構對特定產業前景之樂觀態度。
檢視投資組合結構，前 5 大主力部位（包含 BRK-B, FNDX, VBIL）占據了總市值的 23.1%，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 | 6.86% | -0.63% | -1.38% | |
| 2 | FNDX | Schwab Fndmntl US Lrg Co ETF | ETF-其他 | 5.66% | +0.19% | +3.96% | |
| 3 | VBIL | Vanguard 0-3m T-bill ETF | ETF-其他 | 4.88% | -0.56% | +250.34% | |
| 4 | VT | Vanguard Tot World Stk ETF | ETF-其他 | 4.12% | +0.74% | +2.26% | |
| 5 | VPLS | Vanguard Core-plus Bond ETF | ETF-其他 | 3.24% | +1.65% | +115.36% | |
| 6 | EBAY | Ebay Inc | 股票-循環性消費 | 3.21% | +0.11% | +1.19% | |
| 7 | MCK | Mckesson CORP | 股票-醫療保健 | 3.19% | -0.56% | +1.08% | |
| 8 | WSM | Williams-sonoma Inc | 股票-循環性消費 | 2.97% | +0.19% | +0.25% | |
| 9 | AZO | Autozone Inc | 股票-循環性消費 | 2.84% | -0.42% | +1.35% | |
| 10 | BAC | Bank Of America CORP | 股票-金融 | 2.76% | +0.03% | +0.50% | |
| 11 | COP | Conocophillips | 股票-能源 | 2.52% | -1.01% | +1.32% | |
| 12 | NVR | Nvr Inc | 股票-循環性消費 | 2.37% | -0.18% | +1.65% | |
| 13 | AAPL | Apple Inc | 股票-科技 | 2.35% | -0.04% | -1.78% | |
| 14 | RTX | Rtx CORP | 股票-工業 | 2.24% | -0.23% | +0.60% | |
| 15 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 2.06% | -0.12% | +0.46% | |
| 16 | VTI | Vanguard Total Stock Mkt ETF | ETF-其他 | 1.98% | +0.03% | -7.12% | |
| 17 | BIL | Ss Spdr Bb 1-3m T-bill ETF | ETF-政府公債 | 1.98% | -0.31% | -54.67% | |
| 18 | HPE | Hewlett Packard Enterprise | 股票-科技 | 1.96% | +1.00% | +0.28% | |
| 19 | MTB | M & T Bank CORP | 股票-金融 | 1.91% | -0.02% | +1.32% | |
| 20 | RF | Regions Financial CORP | 股票-金融 | 1.60% | -0.01% | +0.89% | |
| 21 | VUSB | Vanguard Ultra Short Bond Et | ETF-其他 | 1.56% | — | +44.20% | |
| 22 | VTIP | Vanguard Short-term Tips | ETF-其他 | 1.54% | -0.37% | +9.72% | |
| 23 | FNDF | Schwab Fndmn Intl Lrg Co ETF | ETF-其他 | 1.42% | +0.27% | +4.76% | |
| 24 | FANG | Diamondback Energy Inc | 股票-能源 | 1.40% | -0.38% | +1.19% | |
| 25 | SLB | Slb LTD | 股票-能源 | 1.35% | -0.34% | +1.17% | |
| 26 | DKS | Dick's Sporting Goods Inc | 股票-循環性消費 | 1.25% | -0.02% | +0.83% | |
| 27 | UHAL-B | U-haul Holding Co-non Voting | 股票-其他 | 1.25% | +0.10% | +1.25% | |
| 28 | BMY | Bristol-myers Squibb Co | 股票-醫療保健 | 1.24% | -0.20% | +2.97% | |
| 29 | MSFT | Microsoft CORP | 股票-科技 | 1.20% | -0.05% | — | |
| 30 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 1.06% | -0.06% | -4.12% | |
| 31 | FNDA | Schwab Fndmntl US Sm Co ETF | ETF-其他 | 1.03% | -0.29% | -5.76% | |
| 32 | MHK | Mohawk Industries Inc | 股票-循環性消費 | 0.94% | +0.05% | +0.85% | |
| 33 | LEA | Lear CORP | 股票-循環性消費 | 0.92% | -0.05% | +0.98% | |
| 34 | MKL | Markel Group Inc | 股票-金融 | 0.86% | -0.08% | +1.65% | |
| 35 | NICE | Nice LTD - Spon Adr | 股票-科技 | 0.82% | -0.25% | -3.61% | |
| 36 | VTEB | Vanguard Tax-exempt Bond ETF | ETF-其他 | 0.75% | -0.75% | EXIT | |
| 37 | DBX | Dropbox Inc-class A | 股票-科技 | 0.73% | +0.02% | +1.03% | |
| 38 | LEN | Lennar Corp-a | 股票-循環性消費 | 0.69% | -0.05% | +2.53% | |
| 39 | KMX | Carmax Inc | 股票-循環性消費 | 0.69% | +0.07% | +0.94% | |
| 40 | LULU | Lululemon Athletica Inc | 股票-循環性消費 | 0.61% | +0.02% | — | |
| 41 | CF | Cf Industries Holdings Inc | 股票-原物料 | 0.56% | -0.22% | +0.91% | |
| 42 | APA | Apa CORP | 股票-能源 | 0.55% | -0.27% | +0.73% | |
| 43 | IWD | Ishares Russell 1000 Value E | ETF-其他 | 0.54% | -0.04% | -5.97% | |
| 44 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.53% | -0.08% | — | |
| 45 | VOO | Vanguard S&p 500 ETF | ETF-大型股與成長 | 0.50% | -0.15% | -2.53% | |
| 46 | BN | Brookfield CORP | 股票-金融 | 0.49% | +0.01% | +49.96% | |
| 47 | EPD | Enterprise Products Partners | 股票-能源 | 0.48% | -0.03% | — | |
| 48 | AVGO | Broadcom Inc | 股票-科技 | 0.48% | +0.11% | -2.57% | |
| 49 | AIG | American International Group | 股票-金融 | 0.47% | -0.01% | +0.11% | |
| 50 | CMI | Cummins Inc | 股票-工業 | 0.45% | +0.19% | +0.07% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | VBIL | Vanguard 0-3m T-bill ETF | +3.4% | +250.34% | 加碼 |
| 2 | VPLS | Vanguard Core-plus Bond ETF | +1.7% | +115.36% | 加碼 |
| 3 | VUSB | Vanguard Ultra Short Bond Et | +0.5% | +44.20% | 加碼 |
| 4 | FNDX | Schwab Fndmntl US Lrg Co ETF | +0.3% | +3.96% | 加碼 |
| 5 | BMY | Bristol-myers Squibb Co | +0.2% | +2.97% | 加碼 |
| 6 | RTX | Rtx CORP | +0.2% | +0.60% | 加碼 |
| 7 | MCK | Mckesson CORP | +0.1% | +1.08% | 加碼 |
| 8 | SLB | Slb LTD | +0.1% | +1.17% | 加碼 |
| 9 | BAC | Bank Of America CORP | +0.1% | +0.50% | 加碼 |
| 10 | HCC | Warrior Met Coal Inc | +0.1% | +5.11% | 加碼 |
| 11 | LEA | Lear CORP | +0.1% | +0.98% | 加碼 |
| 12 | FNDF | Schwab Fndmn Intl Lrg Co ETF | +0.1% | +4.76% | 加碼 |
| 13 | MKL | Markel Group Inc | +0.1% | +1.65% | 加碼 |
| 14 | XPEL | Xpel Inc | +0.1% | +8.81% | 加碼 |
| 15 | KRMD | Koru Medical Systems Inc | +0.1% | +2.78% | 加碼 |
| 16 | VT | Vanguard Tot World Stk ETF | +0.1% | +2.26% | 加碼 |
| 17 | VTIP | Vanguard Short-term Tips | +0.1% | +9.72% | 加碼 |
| 18 | AAPL | Apple Inc | 0% | -1.78% | 減碼 |
| 19 | ORCL | Oracle CORP | -0.1% | +0.05% | 加碼 |
| 20 | CF | Cf Industries Holdings Inc | -0.1% | +0.91% | 加碼 |
| 21 | CARR | Carrier Global CORP | -0.1% | -8.36% | 減碼 |
| 22 | KMX | Carmax Inc | -0.1% | +0.94% | 加碼 |
| 23 | MSFT | Microsoft CORP | -0.1% | — | 不變 |
| 24 | CAT | Caterpillar Inc | -0.1% | -35.01% | 減碼 |
| 25 | UHAL-B | U-haul Holding Co-non Voting | -0.1% | +1.25% | 加碼 |
| 26 | LEN | Lennar Corp-a | -0.2% | +2.53% | 加碼 |
| 27 | PTLO | Portillo's Inc-cl A | -0.2% | -1.14% | 減碼 |
| 28 | VTI | Vanguard Total Stock Mkt ETF | -0.2% | -7.12% | 減碼 |
| 29 | DKS | Dick's Sporting Goods Inc | -0.2% | +0.83% | 加碼 |
| 30 | MHK | Mohawk Industries Inc | -0.2% | +0.85% | 加碼 |
| 31 | EBAY | Ebay Inc | -0.2% | +1.19% | 加碼 |
| 32 | NVR | Nvr Inc | -0.3% | +1.65% | 加碼 |
| 33 | NICE | Nice LTD - Spon Adr | -0.3% | -3.61% | 減碼 |
| 34 | BRK-B | Berkshire Hathaway Inc-cl B | -0.3% | -1.38% | 減碼 |
| 35 | WSM | Williams-sonoma Inc | -0.4% | +0.25% | 加碼 |
| 36 | AZO | Autozone Inc | -0.8% | +1.35% | 加碼 |
| 37 | ULTA | Ulta Beauty Inc | -1% | -76.48% | 減碼 |
| 38 | BIL | Ss Spdr Bb 1-3m T-bill ETF | -2.5% | -54.67% | 減碼 |
| 39 | LULU | Lululemon Athletica Inc | — | NEW | 新建倉 |
| 40 | SLV | Ishares Silver Trust | — | NEW | 新建倉 |
| 41 | VTES | Vanguard Sh Term Tax-ex Bond | — | EXIT | 清倉 |
| 42 | BSV | Vanguard Short-term Bond ETF | — | EXIT | 清倉 |
| 43 | VCRM | Vanguard Core Tax-ex Bond | — | NEW | 新建倉 |
| 44 | UHAL | U-haul Holding Co | — | EXIT | 清倉 |
| 45 | NFLX | Netflix Inc | — | EXIT | 清倉 |
| 46 | WGO | Winnebago Industries | — | NEW | 新建倉 |
| 47 | IBIT | Ishares Bitcoin Trust ETF | — | EXIT | 清倉 |
| 48 | LLY | Eli Lilly & Co | — | NEW | 新建倉 |
| 49 | YELP | Yelp Inc | — | NEW | 新建倉 |
| 50 | EBF | Ennis Inc | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Lakewood Asset Management LLC 在 Q4 2025 季度的美股持倉總市值約為 US$1.8億，共申報了 105 個公開持股部位。
在 Q4 2025 季度，Lakewood Asset Management LLC 按市值排列的前三大核心持股分別為：BRK-B (6.9%)、FNDX (5.7%)、VBIL (4.9%)。其中最大持股部位 BRK-B 佔據整體投資組合約 6.9% 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
LULU
市值: US$104.5萬
本季最大獲利了結 / 清倉標的
VTES
前期市值: US$50.3萬
在 Q4 2025 季度中，Lakewood Asset Management LLC 共進行了 49 項持倉異動，包含新建倉 7 個部位、加碼 28 個部位、減碼 9 個部位以及清倉 5 個部位。 其中最大新建倉標的為 LULU。 本季清倉部位包含 VTES。
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。