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: 0001970075
申報總市值
US$100.0億
US$100.0億
408 檔
22.9%
Lbp Am SA 在 Q4 2025 季度的美股部位總計估值為 US$100.0億，分散於 408 個持倉標的之中，反映其市場參與廣度與投資規模。
Q4 2025 數據顯示 Lbp Am SA 積極進場，新開立 3 個部位並同步加碼 28 檔個股，反映機構在該季度的資金注入與籌碼積累。
從部位權重觀察，前 5 大標的（包含 MSFT, NVDA, AMZN）累計市值佔比達 22.9%，是驅動 Lbp Am SA 該季度整體投資組合績效表現的核心支柱。
本季最大新建倉標的
NKE
市值: US$1477.3萬
本季最大獲利了結 / 清倉標的
BDX
前期市值: US$6141.8萬
僅顯示前 200 大持股（共 408 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 | MSFT | Microsoft CORP | 股票-科技 | 6.70% | -0.93% | -0.11% | |
| 2 | NVDA | Nvidia CORP | 股票-科技 | 6.49% | -0.36% | +0.31% | |
| 3 | AMZN | Amazon.com Inc | 股票-循環性消費 | 5.47% | -0.30% | +7.82% | |
| 4 | AAPL | Apple Inc | 股票-科技 | 4.64% | -0.54% | +10.81% | |
| 5 | V | Visa Inc-class A Shares | 股票-金融 | 3.27% | -0.67% | +5.42% | |
| 6 | LLY | Eli Lilly & Co | 股票-醫療保健 | 2.79% | -0.37% | +4.23% | |
| 7 | MA | Mastercard Inc - A | 股票-金融 | 2.48% | -0.53% | +8.62% | |
| 8 | AVGO | Broadcom Inc | 股票-科技 | 2.30% | -0.14% | -11.52% | |
| 9 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 1.91% | -0.11% | -2.99% | |
| 10 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.86% | +0.97% | -6.26% | |
| 11 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.49% | -0.07% | +12.18% | |
| 12 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.47% | +0.13% | -6.28% | |
| 13 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 1.44% | -0.58% | -20.77% | |
| 14 | LIN | Linde plc | 股票-原物料 | 1.44% | -0.38% | +4.27% | |
| 15 | TSLA | Tesla Inc | 股票-循環性消費 | 1.34% | +0.37% | +16.65% | |
| 16 | UBER | Uber Technologies Inc | 股票-工業 | 1.20% | -0.29% | +18.27% | |
| 17 | AMD | Advanced Micro Devices | 股票-科技 | 1.03% | +1.18% | +20.10% | |
| 18 | SYK | Stryker CORP | 股票-醫療保健 | 0.98% | -0.29% | +3.28% | |
| 19 | VRT | Vertiv Holdings Co-a | 股票-工業 | 0.95% | — | -14.07% | |
| 20 | RTX | Rtx CORP | 股票-工業 | 0.90% | -0.03% | -4.11% | |
| 21 | ZS | Zscaler Inc | 股票-科技 | 0.84% | +0.30% | +35.86% | |
| 22 | ORCL | Oracle CORP | 股票-科技 | 0.79% | -0.03% | -7.99% | |
| 23 | TEL | TE Connectivity plc | 股票-科技 | 0.77% | -0.25% | +760.05% | |
| 24 | PANW | Palo Alto Networks Inc | 股票-科技 | 0.65% | +0.16% | -0.56% | |
| 25 | FMX | Fomento Economico Mex-sp Adr | 股票-其他 | 0.62% | -0.63% | EXIT | |
| 26 | EQIX | Equinix Inc | 股票-房地產 | 0.61% | -0.20% | +3.51% | |
| 27 | SNOW | Snowflake Inc | 股票-科技 | 0.60% | -0.06% | -1.13% | |
| 28 | SPGI | S&p Global Inc | 股票-金融 | 0.58% | -0.02% | +40.19% | |
| 29 | ADBE | Adobe Inc | 股票-科技 | 0.58% | -0.08% | -3.71% | |
| 30 | APP | Applovin Corp-class A | 股票-科技 | 0.57% | -0.07% | +116.46% | |
| 31 | GEV | GE Vernova Inc | 股票-工業 | 0.57% | +0.16% | +17.86% | |
| 32 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.56% | +0.37% | +292.43% | |
| 33 | NOW | Servicenow Inc | 股票-科技 | 0.56% | -0.18% | +514.18% | |
| 34 | MELI | Mercadolibre Inc | 股票-循環性消費 | 0.56% | -0.40% | +11.89% | |
| 35 | MDB | Mongodb Inc | 股票-科技 | 0.53% | -0.17% | EXIT | |
| 36 | DDOG | Datadog Inc - Class A | 股票-科技 | 0.49% | +0.13% | -6.99% | |
| 37 | NDAQ | Nasdaq Inc | 股票-金融 | 0.48% | -0.12% | -20.38% | |
| 38 | BSX | Boston Scientific CORP | 股票-醫療保健 | 0.48% | -0.15% | +8.37% | |
| 39 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.48% | +0.20% | +21.95% | |
| 40 | MRVL | Marvell Technology Inc | 股票-科技 | 0.47% | +0.56% | -20.85% | |
| 41 | CSCO | Cisco Systems Inc | 股票-科技 | 0.46% | +0.11% | -8.39% | |
| 42 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.46% | +0.16% | -22.32% | |
| 43 | XYL | Xylem Inc | 股票-工業 | 0.45% | -0.07% | +1.79% | |
| 44 | INTU | Intuit Inc | 股票-科技 | 0.45% | -0.01% | +252.80% | |
| 45 | NEE | Nextera Energy Inc | 股票-公用事業 | 0.45% | -0.19% | -38.30% | |
| 46 | CDNS | Cadence Design Sys Inc | 股票-科技 | 0.44% | -0.09% | +1.86% | |
| 47 | PEP | Pepsico Inc | 股票-非循環性消費 | 0.42% | -0.03% | +39.11% | |
| 48 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.41% | +0.05% | -20.50% | |
| 49 | HD | Home Depot Inc | 股票-循環性消費 | 0.41% | +0.03% | +8.69% | |
| 50 | BNTX | Biontech Se-adr | 股票-其他 | 0.41% | -0.11% | +4.32% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | LLY | Eli Lilly & Co | +0.8% | +4.23% | 加碼 |
| 2 | TEL | TE Connectivity plc | +0.7% | +760.05% | 加碼 |
| 3 | AAPL | Apple Inc | +0.5% | +10.81% | 加碼 |
| 4 | COST | Costco Wholesale CORP | +0.4% | +292.43% | 加碼 |
| 5 | AMZN | Amazon.com Inc | +0.4% | +7.82% | 加碼 |
| 6 | AMD | Advanced Micro Devices | +0.3% | +20.10% | 加碼 |
| 7 | INTU | Intuit Inc | +0.3% | +252.80% | 加碼 |
| 8 | HON | Honeywell International Inc | +0.3% | +2210.49% | 加碼 |
| 9 | F | Ford Motor Co | +0.3% | +6310.11% | 加碼 |
| 10 | APP | Applovin Corp-class A | +0.3% | +116.46% | 加碼 |
| 11 | MU | Micron Technology Inc | +0.3% | +430.84% | 加碼 |
| 12 | MCO | Moody's CORP | +0.2% | +5179.43% | 加碼 |
| 13 | GOOGL | Alphabet Inc-cl A | +0.2% | -6.26% | 減碼 |
| 14 | T | At&t Inc | +0.2% | +257.33% | 加碼 |
| 15 | GOOG | Alphabet Inc-cl C | +0.2% | -6.28% | 減碼 |
| 16 | PFE | Pfizer Inc | +0.2% | +190.85% | 加碼 |
| 17 | SPGI | S&p Global Inc | +0.2% | +40.19% | 加碼 |
| 18 | WELL | Welltower Inc | +0.2% | +306.74% | 加碼 |
| 19 | MDB | Mongodb Inc | +0.2% | +11.31% | 加碼 |
| 20 | FSLR | First Solar Inc | +0.2% | +85.14% | 加碼 |
| 21 | TSLA | Tesla Inc | +0.1% | +16.65% | 加碼 |
| 22 | VRTX | Vertex Pharmaceuticals Inc | +0.1% | +51.76% | 加碼 |
| 23 | TTWO | Take-two Interactive Softwre | +0.1% | +298.17% | 加碼 |
| 24 | WPM | Wheaton Precious Metals CORP | +0.1% | +632.16% | 加碼 |
| 25 | TMUS | T-mobile US Inc | +0.1% | +292.52% | 加碼 |
| 26 | AXON | Axon Enterprise Inc | +0.1% | +603.19% | 加碼 |
| 27 | TT | Trane Technologies plc | +0.1% | +153.00% | 加碼 |
| 28 | VZ | Verizon Communications Inc | +0.1% | +298.01% | 加碼 |
| 29 | V | Visa Inc-class A Shares | +0.1% | +5.42% | 加碼 |
| 30 | MA | Mastercard Inc - A | +0.1% | +8.62% | 加碼 |
| 31 | MPC | Marathon Petroleum CORP | -0.2% | -70.46% | 減碼 |
| 32 | DIS | Walt Disney Co/the | -0.2% | -90.60% | 減碼 |
| 33 | ETN | Eaton Corporation plc | -0.2% | -14.31% | 減碼 |
| 34 | UNP | Union Pacific CORP | -0.2% | -55.46% | 減碼 |
| 35 | CRM | Salesforce Inc | -0.2% | -38.92% | 減碼 |
| 36 | AMAT | Applied Materials Inc | -0.3% | -81.46% | 減碼 |
| 37 | NEE | Nextera Energy Inc | -0.3% | -38.30% | 減碼 |
| 38 | BALL | Ball CORP | -0.3% | -86.72% | 減碼 |
| 39 | AVGO | Broadcom Inc | -0.3% | -11.52% | 減碼 |
| 40 | PLTR | Palantir Technologies Inc-a | -0.4% | -89.40% | 減碼 |
| 41 | CLH | Clean Harbors Inc | -0.4% | -73.00% | 減碼 |
| 42 | ORCL | Oracle CORP | -0.5% | -7.99% | 減碼 |
| 43 | MSFT | Microsoft CORP | -0.9% | -0.11% | 減碼 |
| 44 | BDX | Becton Dickinson And Co | — | EXIT | 清倉 |
| 45 | BIRK | Birkenstock Holding plc | — | EXIT | 清倉 |
| 46 | 8QR | Confluent Inc-class A | — | EXIT | 清倉 |
| 47 | TRV | Travelers Cos Inc/the | — | EXIT | 清倉 |
| 48 | NKE | Nike Inc -cl B | — | NEW | 新建倉 |
| 49 | SBRA | Sabra Health Care Reit Inc | — | NEW | 新建倉 |
| 50 | GLW | Corning Inc | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Lbp Am SA 在 Q4 2025 季度的美股持倉總市值約為 US$100.0億，共申報了 408 個公開持股部位。
在 Q4 2025 季度，Lbp Am SA 按市值排列的前三大核心持股分別為：MSFT (6.7%)、NVDA (6.5%)、AMZN (5.5%)。其中最大持股部位 MSFT 佔據整體投資組合約 6.7% 的權重。
在 Q4 2025 季度中，Lbp Am SA 共進行了 50 項持倉異動，包含新建倉 3 個部位、加碼 28 個部位、減碼 15 個部位以及清倉 4 個部位。 其中最大新建倉標的為 NKE。 本季清倉部位包含 BDX。
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。
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。
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。