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: 0001570396
申報總市值
US$2.2億
US$2.2億
93 檔
27.6%
Lipe & Dalton 在 Q3 2025 季度的美股部位總計估值為 US$2.2億，分散於 93 個持倉標的之中，反映其市場參與廣度與投資規模。
從 Q3 2025 申報觀察，Lipe & Dalton 採取防禦導向的調倉策略，本季減碼 33 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 AAPL, , ）累計市值佔比達 27.6%，是驅動 Lipe & Dalton 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 | AAPL | Apple Inc | 股票-科技 | 8.75% | -0.04% | -0.91% | |
| 2 | ✓ | 股票-其他 | 6.62% | +0.47% | -1.35% | ||
| 3 | ✓ | 股票-其他 | 6.17% | +0.18% | -1.39% | ||
| 4 | ✓ | 股票-其他 | 3.92% | -0.57% | +1.74% | ||
| 5 | ✓ | 股票-其他 | 3.92% | -0.31% | -4.29% | ||
| 6 | CM | Can Imperial Bk Of Commerce | 股票-金融 | 3.24% | +0.23% | -0.49% | |
| 7 | BA | Boeing Co/the | 股票-工業 | 3.02% | -0.15% | -0.49% | |
| 8 | HSY | Hershey Co/the | 股票-非循環性消費 | 2.94% | -0.76% | -0.93% | |
| 9 | SNA | Snap-on Inc | 股票-工業 | 2.79% | -0.09% | -0.37% | |
| 10 | ✓ | 股票-其他 | 2.27% | +0.03% | -18.80% | ||
| 11 | ✓ | 股票-其他 | 2.23% | -0.38% | -0.28% | ||
| 12 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 2.22% | -0.26% | -1.60% | |
| 13 | EMR | Emerson Electric Co | 股票-工業 | 2.12% | -0.11% | -17.41% | |
| 14 | YUM | Yum! Brands Inc | 股票-循環性消費 | 2.11% | -0.21% | -0.11% | |
| 15 | DHR | Danaher CORP | 股票-醫療保健 | 2.07% | -0.14% | -0.38% | |
| 16 | ✓ | 股票-其他 | 2.05% | — | — | ||
| 17 | MAS | Masco CORP | 股票-工業 | 1.82% | +0.27% | -2.36% | |
| 18 | MS | Morgan Stanley | 股票-金融 | 1.79% | +0.09% | -1.61% | |
| 19 | ✓ | 股票-其他 | 1.74% | +0.02% | -7.54% | ||
| 20 | BWA | Borgwarner Inc | 股票-循環性消費 | 1.68% | +0.11% | — | |
| 21 | DE | Deere & Co | 股票-工業 | 1.68% | — | -0.56% | |
| 22 | JKHY | Jack Henry & Associates Inc | 股票-科技 | 1.53% | -0.38% | +4.94% | |
| 23 | INTC | Intel CORP | 股票-科技 | 1.52% | +1.53% | -0.38% | |
| 24 | MSFT | Microsoft CORP | 股票-科技 | 1.51% | -0.10% | -1.84% | |
| 25 | BAX | Baxter International Inc | 股票-醫療保健 | 1.50% | +0.26% | +1023.11% | |
| 26 | ✓ | 股票-其他 | 1.41% | -0.14% | -0.17% | ||
| 27 | OKE | Oneok Inc | 股票-能源 | 1.34% | -0.28% | -0.18% | |
| 28 | BAM | Brookfield Asset Mgmt-a | 股票-金融 | 1.30% | -0.20% | -4.19% | |
| 29 | MLM | Martin Marietta Materials | 股票-原物料 | 1.25% | -0.16% | — | |
| 30 | ✓ | 股票-其他 | 1.22% | -0.03% | -3.03% | ||
| 31 | AMGN | Amgen Inc | 股票-醫療保健 | 1.20% | -0.15% | -0.58% | |
| 32 | LMT | Lockheed Martin CORP | 股票-工業 | 1.10% | -0.39% | -0.45% | |
| 33 | ✓ | 股票-其他 | 1.03% | -0.06% | -1.99% | ||
| 34 | CVS | Cvs Health CORP | 股票-醫療保健 | 1.02% | +0.23% | -0.36% | |
| 35 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.01% | -0.03% | -2.63% | |
| 36 | ✓ | 股票-其他 | 0.98% | -0.12% | -3.58% | ||
| 37 | ✓ | 股票-其他 | 0.89% | -0.78% | -0.98% | ||
| 38 | QCOM | Qualcomm Inc | 股票-科技 | 0.84% | — | -2.62% | |
| 39 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.83% | -0.11% | -2.16% | |
| 40 | ✓ | 股票-其他 | 0.82% | -0.06% | -1.39% | ||
| 41 | ✓ | 股票-其他 | 0.78% | -0.08% | -0.66% | ||
| 42 | ✓ | 股票-其他 | 0.76% | -0.22% | EXIT | ||
| 43 | CI | THE Cigna Group | 股票-醫療保健 | 0.72% | -0.09% | -3.52% | |
| 44 | WFC | Wells Fargo & Co | 股票-金融 | 0.66% | -0.05% | -0.31% | |
| 45 | ✓ | 股票-其他 | 0.54% | -0.09% | -9.20% | ||
| 46 | FFIV | F5 Inc | 股票-科技 | 0.53% | +0.16% | +118.81% | |
| 47 | ✓ | 股票-其他 | 0.52% | -0.42% | EXIT | ||
| 48 | ✓ | 股票-其他 | 0.45% | +0.06% | -2.01% | ||
| 49 | FISV | Fiserv Inc | 股票-其他 | 0.45% | — | — | |
| 50 | ✓ | 股票-其他 | 0.43% | -0.04% | -2.78% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | ✓ | +1.6% | -1.35% | 減碼 | |
| 2 | BAX | Baxter International Inc | +1.3% | +1023.11% | 加碼 |
| 3 | ✓ | +1.2% | -1.39% | 減碼 | |
| 4 | ✓ | +1% | +1.74% | 減碼 | |
| 5 | CM | Can Imperial Bk Of Commerce | +0.5% | -0.49% | 減碼 |
| 6 | ✓ | +0.4% | -1.99% | 減碼 | |
| 7 | BWA | Borgwarner Inc | +0.4% | — | 減碼 |
| 8 | INTC | Intel CORP | +0.3% | -0.38% | 減碼 |
| 9 | FFIV | F5 Inc | +0.3% | +118.81% | 加碼 |
| 10 | ✓ | +0.3% | -4.29% | 減碼 | |
| 11 | MS | Morgan Stanley | +0.3% | -1.61% | 減碼 |
| 12 | MSFT | Microsoft CORP | +0.3% | -1.84% | 減碼 |
| 13 | ✓ | +0.2% | — | 減碼 | |
| 14 | BA | Boeing Co/the | +0.2% | -0.49% | 減碼 |
| 15 | ✓ | +0.2% | -0.28% | 減碼 | |
| 16 | ✓ | +0.1% | -5.11% | 不變 | |
| 17 | ✓ | +0.1% | -3.58% | 減碼 | |
| 18 | ✓ | +0.1% | — | 加碼 | |
| 19 | ✓ | +0.1% | -7.54% | 減碼 | |
| 20 | MLM | Martin Marietta Materials | +0.1% | — | 減碼 |
| 21 | ✓ | — | -0.17% | 減碼 | |
| 22 | BAM | Brookfield Asset Mgmt-a | 0% | -4.19% | 減碼 |
| 23 | LMT | Lockheed Martin CORP | 0% | -0.45% | 減碼 |
| 24 | HSY | Hershey Co/the | -0.1% | -0.93% | 減碼 |
| 25 | AAPL | Apple Inc | -0.2% | -0.91% | 減碼 |
| 26 | ✓ | -0.2% | -9.20% | 減碼 | |
| 27 | CI | THE Cigna Group | -0.2% | -3.52% | 減碼 |
| 28 | AMGN | Amgen Inc | -0.4% | -0.58% | 減碼 |
| 29 | DE | Deere & Co | -0.4% | -0.56% | 減碼 |
| 30 | ✓ | -0.4% | -1.39% | 減碼 | |
| 31 | DHR | Danaher CORP | -0.4% | -0.38% | 減碼 |
| 32 | YUM | Yum! Brands Inc | -0.5% | -0.11% | 減碼 |
| 33 | EMR | Emerson Electric Co | -0.5% | -17.41% | 減碼 |
| 34 | JKHY | Jack Henry & Associates Inc | -0.5% | +4.94% | 加碼 |
| 35 | ✓ | -0.6% | -0.98% | 減碼 | |
| 36 | ✓ | -0.6% | -18.80% | 減碼 | |
| 37 | OKE | Oneok Inc | -0.7% | -0.18% | 減碼 |
| 38 | BMY | Bristol-myers Squibb Co | -1.9% | -3.47% | 減碼 |
| 39 | TMO | Thermo Fisher Scientific Inc | — | NEW | 新建倉 |
| 40 | BALL | Ball CORP | — | EXIT | 清倉 |
| 41 | ✓ | — | EXIT | 清倉 | |
| 42 | COO | Cooper Cos Inc/the | — | EXIT | 清倉 |
| 43 | FISV | Fiserv Inc | — | NEW | 新建倉 |
| 44 | WHR | Whirlpool CORP | — | NEW | 新建倉 |
| 45 | ✓ | — | EXIT | 清倉 | |
| 46 | UHAL-B | U-haul Holding Co-non Voting | — | NEW | 新建倉 |
| 47 | ✓ | — | NEW | 新建倉 | |
| 48 | ✓ | Exact Sciences CORP | — | EXIT | 清倉 |
| 49 | ✓ | — | NEW | 新建倉 | |
| 50 | DFSEUR | Discover Financial Services | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Lipe & Dalton 在 Q3 2025 季度的美股持倉總市值約為 US$2.2億，共申報了 93 個公開持股部位。
在 Q3 2025 季度，Lipe & Dalton 按市值排列的前三大核心持股分別為：AAPL (8.8%)、 (6.6%)、 (6.2%)。其中最大持股部位 AAPL 佔據整體投資組合約 8.8% 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
TMO
市值: US$448.8萬
本季最大獲利了結 / 清倉標的
BALL
前期市值: US$253.2萬
在 Q3 2025 季度中，Lipe & Dalton 共進行了 49 項持倉異動，包含新建倉 6 個部位、加碼 4 個部位、減碼 33 個部位以及清倉 6 個部位。 其中最大新建倉標的為 TMO。 本季清倉部位包含 BALL。
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。