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
95 檔
29.5%
根據最新整理的 13F 季度數據集，Lipe & Dalton 於 Q4 2025 結束時的管理資產規模為 US$2.2億。該機構在本季度申報了 95 檔美股持倉，呈現出該時期的主要投資地圖。
Lipe & Dalton 在 Q4 2025 的調整主要集中於風險出清，清倉與減碼部位合計達 40 檔，反映機構對當前市場環境或個別公司估值採取較為保留之看法。
檢視投資組合結構，前 5 大主力部位（包含 AAPL, , ）占據了總市值的 29.5%，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 | AAPL | Apple Inc | 股票-科技 | 8.99% | -0.04% | -3.58% | |
| 2 | ✓ | 股票-其他 | 8.11% | +0.47% | -4.67% | ||
| 3 | ✓ | 股票-其他 | 6.53% | +0.18% | -3.86% | ||
| 4 | ✓ | 股票-其他 | 3.92% | -0.57% | -3.10% | ||
| 5 | ✓ | 股票-其他 | 3.83% | -0.31% | +46.65% | ||
| 6 | CM | Can Imperial Bk Of Commerce | 股票-金融 | 3.61% | +0.23% | -1.44% | |
| 7 | BA | Boeing Co/the | 股票-工業 | 3.03% | -0.15% | -0.07% | |
| 8 | HSY | Hershey Co/the | 股票-非循環性消費 | 2.79% | -0.76% | -2.11% | |
| 9 | SNA | Snap-on Inc | 股票-工業 | 2.74% | -0.09% | -0.89% | |
| 10 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 2.60% | -0.26% | -1.66% | |
| 11 | DHR | Danaher CORP | 股票-醫療保健 | 2.45% | -0.14% | +2.72% | |
| 12 | ✓ | 股票-其他 | 2.42% | -0.38% | -0.89% | ||
| 13 | ✓ | 股票-其他 | 2.17% | +0.03% | -3.01% | ||
| 14 | EMR | Emerson Electric Co | 股票-工業 | 2.11% | -0.11% | -1.53% | |
| 15 | YUM | Yum! Brands Inc | 股票-循環性消費 | 2.06% | -0.21% | -1.30% | |
| 16 | MS | Morgan Stanley | 股票-金融 | 1.83% | +0.09% | -8.05% | |
| 17 | JKHY | Jack Henry & Associates Inc | 股票-科技 | 1.83% | -0.38% | -1.76% | |
| 18 | DE | Deere & Co | 股票-工業 | 1.69% | — | -0.74% | |
| 19 | BWA | Borgwarner Inc | 股票-循環性消費 | 1.67% | +0.11% | -3.09% | |
| 20 | INTC | Intel CORP | 股票-科技 | 1.66% | +1.53% | — | |
| 21 | MAS | Masco CORP | 股票-工業 | 1.59% | +0.27% | -2.65% | |
| 22 | ✓ | 股票-其他 | 1.47% | +0.02% | -0.32% | ||
| 23 | ✓ | 股票-其他 | 1.39% | -0.14% | -2.28% | ||
| 24 | ✓ | 股票-其他 | 1.37% | — | -3.33% | ||
| 25 | MSFT | Microsoft CORP | 股票-科技 | 1.37% | -0.10% | -2.51% | |
| 26 | AMGN | Amgen Inc | 股票-醫療保健 | 1.36% | -0.15% | -2.44% | |
| 27 | OKE | Oneok Inc | 股票-能源 | 1.32% | -0.28% | -1.29% | |
| 28 | MLM | Martin Marietta Materials | 股票-原物料 | 1.22% | -0.16% | -1.25% | |
| 29 | ✓ | 股票-其他 | 1.18% | -0.03% | -5.44% | ||
| 30 | BAM | Brookfield Asset Mgmt-a | 股票-金融 | 1.15% | -0.20% | -3.07% | |
| 31 | BAX | Baxter International Inc | 股票-醫療保健 | 1.15% | +0.26% | -8.66% | |
| 32 | CVS | Cvs Health CORP | 股票-醫療保健 | 1.04% | +0.23% | -2.34% | |
| 33 | LMT | Lockheed Martin CORP | 股票-工業 | 1.04% | -0.39% | -2.36% | |
| 34 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.03% | -0.03% | -2.11% | |
| 35 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.91% | -0.11% | -0.79% | |
| 36 | ✓ | 股票-其他 | 0.90% | -0.06% | -5.89% | ||
| 37 | ✓ | 股票-其他 | 0.86% | -0.12% | -2.49% | ||
| 38 | ✓ | 股票-其他 | 0.80% | -0.22% | EXIT | ||
| 39 | QCOM | Qualcomm Inc | 股票-科技 | 0.79% | — | -8.54% | |
| 40 | ✓ | 股票-其他 | 0.71% | -0.06% | +0.41% | ||
| 41 | ✓ | 股票-其他 | 0.69% | -0.08% | — | ||
| 42 | WFC | Wells Fargo & Co | 股票-金融 | 0.68% | -0.05% | -6.78% | |
| 43 | ✓ | 股票-其他 | 0.65% | -0.78% | -17.09% | ||
| 44 | CI | THE Cigna Group | 股票-醫療保健 | 0.64% | -0.09% | -6.14% | |
| 45 | ✓ | 股票-其他 | 0.52% | -0.04% | -3.34% | ||
| 46 | ✓ | 股票-其他 | 0.51% | -0.42% | EXIT | ||
| 47 | FFIV | F5 Inc | 股票-科技 | 0.45% | +0.16% | +6.49% | |
| 48 | ✓ | 股票-其他 | 0.39% | -0.35% | EXIT | ||
| 49 | ✓ | 股票-其他 | 0.37% | +0.06% | -6.42% | ||
| 50 | ✓ | 股票-其他 | 0.36% | +0.01% | -7.47% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | ✓ | +1.5% | -4.67% | 減碼 | |
| 2 | TMO | Thermo Fisher Scientific Inc | +0.4% | -1.66% | 減碼 |
| 3 | DHR | Danaher CORP | +0.4% | +2.72% | 加碼 |
| 4 | CM | Can Imperial Bk Of Commerce | +0.4% | -1.44% | 減碼 |
| 5 | ✓ | +0.4% | -3.86% | 減碼 | |
| 6 | JKHY | Jack Henry & Associates Inc | +0.3% | -1.76% | 減碼 |
| 7 | AAPL | Apple Inc | +0.2% | -3.58% | 減碼 |
| 8 | ✓ | +0.2% | -0.89% | 減碼 | |
| 9 | AMGN | Amgen Inc | +0.2% | -2.44% | 減碼 |
| 10 | INTC | Intel CORP | +0.1% | — | 不變 |
| 11 | ✓ | +0.1% | -3.34% | 減碼 | |
| 12 | JNJ | Johnson & Johnson | +0.1% | -0.79% | 減碼 |
| 13 | ✓ | +0.1% | -5.89% | 減碼 | |
| 14 | MS | Morgan Stanley | 0% | -8.05% | 減碼 |
| 15 | ✓ | 0% | -3.94% | 減碼 | |
| 16 | AMZN | Amazon.com Inc | 0% | -2.11% | 減碼 |
| 17 | CVS | Cvs Health CORP | 0% | -2.34% | 減碼 |
| 18 | WHR | Whirlpool CORP | 0% | — | 不變 |
| 19 | UHAL-B | U-haul Holding Co-non Voting | 0% | — | 不變 |
| 20 | MLM | Martin Marietta Materials | 0% | -1.25% | 減碼 |
| 21 | ✓ | 0% | -7.47% | 減碼 | |
| 22 | ✓ | 0% | -5.44% | 減碼 | |
| 23 | ABT | Abbott Laboratories | 0% | -28.67% | 減碼 |
| 24 | HD | Home Depot Inc | -0.1% | -15.46% | 減碼 |
| 25 | QCOM | Qualcomm Inc | -0.1% | -8.54% | 減碼 |
| 26 | SNA | Snap-on Inc | -0.1% | -0.89% | 減碼 |
| 27 | YUM | Yum! Brands Inc | -0.1% | -1.30% | 減碼 |
| 28 | LMT | Lockheed Martin CORP | -0.1% | -2.36% | 減碼 |
| 29 | FFIV | F5 Inc | -0.1% | +6.49% | 加碼 |
| 30 | ✓ | -0.1% | -6.42% | 減碼 | |
| 31 | CI | THE Cigna Group | -0.1% | -6.14% | 減碼 |
| 32 | ✓ | -0.1% | — | 不變 | |
| 33 | ✓ | -0.1% | +46.65% | 加碼 | |
| 34 | ✓ | -0.1% | -3.01% | 減碼 | |
| 35 | ✓ | -0.1% | -2.49% | 減碼 | |
| 36 | MSFT | Microsoft CORP | -0.1% | -2.51% | 減碼 |
| 37 | BAM | Brookfield Asset Mgmt-a | -0.2% | -3.07% | 減碼 |
| 38 | HSY | Hershey Co/the | -0.2% | -2.11% | 減碼 |
| 39 | SIRI | Sirius Xm Holdings Inc | -0.2% | -39.97% | 減碼 |
| 40 | MAS | Masco CORP | -0.2% | -2.65% | 減碼 |
| 41 | ✓ | -0.2% | -17.09% | 減碼 | |
| 42 | ✓ | -0.3% | -37.82% | 減碼 | |
| 43 | ✓ | -0.3% | -0.32% | 減碼 | |
| 44 | ✓ | -0.3% | +0.41% | 加碼 | |
| 45 | BAX | Baxter International Inc | -0.4% | -8.66% | 減碼 |
| 46 | ✓ | -0.7% | -3.33% | 減碼 | |
| 47 | FISV | Fiserv Inc | — | EXIT | 清倉 |
| 48 | ✓ | — | NEW | 新建倉 | |
| 49 | ✓ | — | NEW | 新建倉 | |
| 50 | PM | Philip Morris International | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Lipe & Dalton 在 Q4 2025 季度的美股持倉總市值約為 US$2.2億，共申報了 95 個公開持股部位。
在 Q4 2025 季度，Lipe & Dalton 按市值排列的前三大核心持股分別為：AAPL (9.0%)、 (8.1%)、 (6.5%)。其中最大持股部位 AAPL 佔據整體投資組合約 9.0% 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
市值: US$23.9萬
本季最大獲利了結 / 清倉標的
FISV
前期市值: US$90.4萬
在 Q4 2025 季度中，Lipe & Dalton 共進行了 46 項持倉異動，包含新建倉 2 個部位、加碼 4 個部位、減碼 38 個部位以及清倉 2 個部位。 其中最大新建倉標的為 。 本季清倉部位包含 FISV。
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。