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: 0001124841
申報總市值
US$5.7億
US$5.7億
82 檔
20.0%
在 Q3 2025 申報期間，Lathrop Investment Management Co（CIK: 0001124841）向美國 SEC 提交的 Form 13F 報告顯示，其追蹤之股票投資組合總市值達 US$5.7億，共持有 82 個公開申報部位。
從 Q3 2025 申報觀察，Lathrop Investment Management Co 採取防禦導向的調倉策略，本季減碼 30 檔個股並出清 6 檔部位，顯示機構在該時期進行風險控制與流動性回收。
從部位權重觀察，前 5 大標的（包含 MSFT, WMT, LH）累計市值佔比達 20.0%，是驅動 Lathrop Investment Management Co 該季度整體投資組合績效表現的核心支柱。
| # | 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 | 5.00% | -0.15% | -1.42% | |
| 2 | WMT | Walmart Inc | 股票-非循環性消費 | 4.92% | -0.83% | -5.77% | |
| 3 | LH | Labcorp Holdings Inc | 股票-醫療保健 | 3.68% | -0.11% | -0.07% | |
| 4 | MLM | Martin Marietta Materials | 股票-原物料 | 3.63% | -0.30% | -3.15% | |
| 5 | RTX | Rtx CORP | 股票-工業 | 3.63% | -0.28% | -3.67% | |
| 6 | J | Jacobs Solutions Inc | 股票-工業 | 3.49% | -0.12% | -2.02% | |
| 7 | KMI | Kinder Morgan, Inc. | 股票-能源 | 3.33% | -0.47% | +0.11% | |
| 8 | AAPL | Apple Inc | 股票-科技 | 3.29% | +0.24% | -0.09% | |
| 9 | SCHW | Schwab (charles) CORP | 股票-金融 | 3.25% | -0.23% | -2.50% | |
| 10 | AYI | Acuity Inc | 股票-工業 | 3.24% | +0.66% | -1.13% | |
| 11 | SONY | Sony Group CORP - Sp Adr | 股票-科技 | 3.23% | -0.13% | -3.07% | |
| 12 | ADI | Analog Devices Inc | 股票-科技 | 3.14% | +0.25% | +0.76% | |
| 13 | SYK | Stryker CORP | 股票-醫療保健 | 3.07% | -0.24% | -0.74% | |
| 14 | CSCO | Cisco Systems Inc | 股票-科技 | 2.90% | +1.10% | +0.71% | |
| 15 | ORCL | Oracle CORP | 股票-科技 | 2.84% | -0.12% | -10.12% | |
| 16 | JNJ | Johnson & Johnson | 股票-醫療保健 | 2.81% | +0.01% | -6.19% | |
| 17 | HD | Home Depot Inc | 股票-循環性消費 | 2.78% | +0.07% | +0.59% | |
| 18 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 2.73% | -0.10% | +3.41% | |
| 19 | DIS | Walt Disney Co/the | 股票-通訊服務 | 2.68% | -0.10% | +0.03% | |
| 20 | MKL | Markel Group Inc | 股票-金融 | 2.53% | -0.13% | +0.31% | |
| 21 | ITW | Illinois Tool Works | 股票-工業 | 2.38% | -0.09% | -4.83% | |
| 22 | JPM | Jpmorgan Chase & Co | 股票-金融 | 2.33% | +0.08% | +4.51% | |
| 23 | XOM | Exxon Mobil CORP | 股票-能源 | 2.26% | -3.64% | EXIT | |
| 24 | ALC | Alcon Inc. | 股票-醫療保健 | 2.26% | -0.41% | -6.83% | |
| 25 | IBM | Intl Business Machines CORP | 股票-科技 | 2.11% | — | -0.69% | |
| 26 | KEX | Kirby CORP | 股票-工業 | 2.00% | -0.14% | -5.96% | |
| 27 | ADBE | Adobe Inc | 股票-科技 | 1.77% | -0.25% | +2.38% | |
| 28 | CVS | Cvs Health CORP | 股票-醫療保健 | 1.55% | +0.69% | +31.87% | |
| 29 | TER | Teradyne Inc | 股票-科技 | 1.42% | +0.55% | -4.89% | |
| 30 | GE | General Electric | 股票-工業 | 1.42% | +0.35% | -5.39% | |
| 31 | MRSH | Marsh & Mclennan Cos | 股票-金融 | 1.29% | -0.25% | -1.83% | |
| 32 | NKE | Nike Inc -cl B | 股票-循環性消費 | 1.26% | -0.29% | -2.13% | |
| 33 | SLB | Slb LTD | 股票-能源 | 1.19% | -0.26% | +0.73% | |
| 34 | DHR | Danaher CORP | 股票-醫療保健 | 0.92% | -0.16% | +2.03% | |
| 35 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.92% | -0.02% | +0.16% | |
| 36 | SCHM | Schwab US Mid Cap ETF | ETF-其他 | 0.81% | +0.09% | -0.69% | |
| 37 | NVDA | Nvidia CORP | 股票-科技 | 0.72% | +0.06% | — | |
| 38 | UPS | United Parcel Service-cl B | 股票-工業 | 0.71% | -0.69% | +0.41% | |
| 39 | ACN | Accenture plc | 股票-科技 | 0.70% | -0.28% | +3.34% | |
| 40 | CFR | Cullen/frost Bankers Inc | 股票-金融 | 0.68% | +0.03% | -16.88% | |
| 41 | SCHZ | Schwab US Aggregate Bond ETF | ETF-其他 | 0.44% | -0.06% | +10.48% | |
| 42 | LRCX | Lam Research CORP | 股票-科技 | 0.41% | +0.38% | — | |
| 43 | PANW | Palo Alto Networks Inc | 股票-科技 | 0.37% | +0.31% | -0.02% | |
| 44 | BRK-A | Berkshire Hathaway Inc-cl A | 股票-其他 | 0.28% | — | — | |
| 45 | SCHX | Schwab US Large-cap ETF | ETF-其他 | 0.24% | +0.02% | +7.36% | |
| 46 | RSP | Invesco S&p 500 Equal Weight | ETF-大型股與成長 | 0.21% | +0.03% | -8.65% | |
| 47 | AMZN | Amazon.com Inc | 股票-循環性消費 | 0.20% | +0.81% | +3.12% | |
| 48 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.18% | +0.01% | +0.35% | |
| 49 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.17% | +0.02% | -0.81% | |
| 50 | BAC | Bank Of America CORP | 股票-金融 | 0.16% | +0.02% | -6.72% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | JPM | Jpmorgan Chase & Co | +2% | +4.51% | 加碼 |
| 2 | ORCL | Oracle CORP | +1.1% | -10.12% | 減碼 |
| 3 | MSFT | Microsoft CORP | +0.9% | -1.42% | 減碼 |
| 4 | MLM | Martin Marietta Materials | +0.5% | -3.15% | 減碼 |
| 5 | LH | Labcorp Holdings Inc | +0.4% | -0.07% | 減碼 |
| 6 | J | Jacobs Solutions Inc | +0.4% | -2.02% | 減碼 |
| 7 | RTX | Rtx CORP | +0.4% | -3.67% | 減碼 |
| 8 | CVS | Cvs Health CORP | +0.4% | +31.87% | 加碼 |
| 9 | JNJ | Johnson & Johnson | +0.3% | -6.19% | 減碼 |
| 10 | NVDA | Nvidia CORP | +0.3% | — | 加碼 |
| 11 | ADI | Analog Devices Inc | +0.3% | +0.76% | 減碼 |
| 12 | GE | General Electric | +0.3% | -5.39% | 減碼 |
| 13 | AYI | Acuity Inc | +0.3% | -1.13% | 減碼 |
| 14 | TER | Teradyne Inc | +0.2% | -4.89% | 減碼 |
| 15 | SCHW | Schwab (charles) CORP | +0.1% | -2.50% | 減碼 |
| 16 | DIS | Walt Disney Co/the | +0.1% | +0.03% | 減碼 |
| 17 | IBM | Intl Business Machines CORP | +0.1% | -0.69% | 加碼 |
| 18 | NKE | Nike Inc -cl B | +0.1% | -2.13% | 加碼 |
| 19 | ANET | Arista Networks Inc | +0.1% | — | 不變 |
| 20 | SCHZ | Schwab US Aggregate Bond ETF | +0.1% | +10.48% | 加碼 |
| 21 | SCHX | Schwab US Large-cap ETF | +0.1% | +7.36% | 加碼 |
| 22 | PANW | Palo Alto Networks Inc | 0% | -0.02% | 減碼 |
| 23 | HD | Home Depot Inc | 0% | +0.59% | 減碼 |
| 24 | WMT | Walmart Inc | 0% | -5.77% | 減碼 |
| 25 | SONY | Sony Group CORP - Sp Adr | 0% | -3.07% | 減碼 |
| 26 | CSCO | Cisco Systems Inc | -0.1% | +0.71% | 減碼 |
| 27 | TMO | Thermo Fisher Scientific Inc | -0.1% | +3.41% | 加碼 |
| 28 | BRK-B | Berkshire Hathaway Inc-cl B | -0.1% | +0.16% | 加碼 |
| 29 | ADBE | Adobe Inc | -0.2% | +2.38% | 加碼 |
| 30 | MKL | Markel Group Inc | -0.3% | +0.31% | 減碼 |
| 31 | LRCX | Lam Research CORP | -0.3% | — | 減碼 |
| 32 | ACN | Accenture plc | -0.4% | +3.34% | 減碼 |
| 33 | KMI | Kinder Morgan, Inc. | -0.4% | +0.11% | 減碼 |
| 34 | SYK | Stryker CORP | -0.4% | -0.74% | 減碼 |
| 35 | SLB | Slb LTD | -0.4% | +0.73% | 減碼 |
| 36 | UPS | United Parcel Service-cl B | -0.5% | +0.41% | 減碼 |
| 37 | ITW | Illinois Tool Works | -0.5% | -4.83% | 減碼 |
| 38 | AAPL | Apple Inc | -0.6% | -0.09% | 減碼 |
| 39 | KEX | Kirby CORP | -0.9% | -5.96% | 減碼 |
| 40 | ALC | Alcon Inc. | -0.9% | -6.83% | 減碼 |
| 41 | CFR | Cullen/frost Bankers Inc | -1.4% | -16.88% | 減碼 |
| 42 | MRSH | Marsh & Mclennan Cos | — | NEW | 新建倉 |
| 43 | CRL | Charles River Laboratories | — | EXIT | 清倉 |
| 44 | TG7 | Triumph Group Inc | — | EXIT | 清倉 |
| 45 | OLOGBX | Olo Inc - Class A | — | EXIT | 清倉 |
| 46 | AMD | Advanced Micro Devices | — | EXIT | 清倉 |
| 47 | EME | Emcor Group Inc | — | NEW | 新建倉 |
| 48 | UNH | Unitedhealth Group Inc | — | EXIT | 清倉 |
| 49 | SCHF | Schwab Intl Equity ETF | — | NEW | 新建倉 |
| 50 | BMY | Bristol-myers Squibb Co | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Lathrop Investment Management Co 在 Q3 2025 季度的美股持倉總市值約為 US$5.7億，共申報了 82 個公開持股部位。
在 Q3 2025 季度，Lathrop Investment Management Co 按市值排列的前三大核心持股分別為：MSFT (5.0%)、WMT (4.9%)、LH (3.7%)。其中最大持股部位 MSFT 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
MRSH
市值: US$701.6萬
本季最大獲利了結 / 清倉標的
CRL
前期市值: US$395.7萬
在 Q3 2025 季度中，Lathrop Investment Management Co 共進行了 49 項持倉異動，包含新建倉 3 個部位、加碼 10 個部位、減碼 30 個部位以及清倉 6 個部位。 其中最大新建倉標的為 MRSH。 本季清倉部位包含 CRL。
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。