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: 0001535660
申報總市值
US$31.4億
US$31.4億
265 檔
22.4%
Q4 2025 季度申報顯示，Lombard Odier Asset Management 揭露的美股組合總市值為 US$31.4億，涵蓋 265 個不同之權益投資部位。
Q4 2025 的申報記錄反映 Lombard Odier Asset Management 的板塊替換策略：機構本季推動了 107 筆增持與 93 筆減持，籌碼呈現明顯的結構重組。
檢視投資組合結構，前 5 大主力部位（包含 NVDA, AAPL, MSFT）占據了總市值的 22.4%，展現出該機構在 Q4 2025 的重點資金聚焦與風險分佈特徵。
本季最大新建倉標的
GOOGL
市值: US$7829.1萬
本季最大獲利了結 / 清倉標的
SYF
前期市值: US$3205.3萬
僅顯示前 200 大持股（共 265 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 | NVDA | Nvidia CORP | 股票-科技 | 8.36% | -0.37% | -1.16% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 7.50% | -0.19% | +5.51% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 6.54% | -0.57% | +168.04% | |
| 4 | AMZN | Amazon.com Inc | 股票-循環性消費 | 4.23% | -0.09% | +6.62% | |
| 5 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 3.34% | +0.20% | — | |
| 6 | AVGO | Broadcom Inc | 股票-科技 | 2.97% | +0.11% | -6.51% | |
| 7 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 2.72% | +0.07% | -57.04% | |
| 8 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.49% | -0.32% | +0.98% | |
| 9 | TSLA | Tesla Inc | 股票-循環性消費 | 2.37% | -0.05% | -1.07% | |
| 10 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.45% | +0.19% | +18.72% | |
| 11 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.42% | -0.10% | -9.58% | |
| 12 | V | Visa Inc-class A Shares | 股票-金融 | 1.24% | -0.01% | +359.89% | |
| 13 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.03% | -0.13% | -9.40% | |
| 14 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.95% | -0.06% | -70.38% | |
| 15 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.94% | +0.04% | +39.48% | |
| 16 | MA | Mastercard Inc - A | 股票-金融 | 0.88% | -0.08% | -18.63% | |
| 17 | WMT | Walmart Inc | 股票-非循環性消費 | 0.87% | -0.49% | +22.38% | |
| 18 | NFLX | Netflix Inc | 股票-通訊服務 | 0.80% | -0.31% | +774.80% | |
| 19 | CSCO | Cisco Systems Inc | 股票-科技 | 0.79% | +0.14% | +68.90% | |
| 20 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.78% | -0.23% | +5.03% | |
| 21 | AMD | Advanced Micro Devices | 股票-科技 | 0.72% | +0.95% | -6.10% | |
| 22 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.72% | +0.02% | +15.68% | |
| 23 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.71% | -0.24% | +25.33% | |
| 24 | MU | Micron Technology Inc | 股票-科技 | 0.68% | +1.38% | -38.42% | |
| 25 | BAC | Bank Of America CORP | 股票-金融 | 0.68% | -0.03% | +243.67% | |
| 26 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.64% | +0.13% | -75.67% | |
| 27 | HD | Home Depot Inc | 股票-循環性消費 | 0.64% | -0.19% | — | |
| 28 | IBM | Intl Business Machines CORP | 股票-科技 | 0.63% | +0.04% | +36.26% | |
| 29 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.60% | -0.10% | +775.84% | |
| 30 | CRM | Salesforce Inc | 股票-科技 | 0.60% | -0.16% | +46.32% | |
| 31 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.57% | -0.04% | -10.44% | |
| 32 | AXP | American Express Co | 股票-金融 | 0.57% | +0.07% | +27.30% | |
| 33 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.56% | -0.20% | +52.35% | |
| 34 | ORCL | Oracle CORP | 股票-科技 | 0.56% | -0.05% | -4.25% | |
| 35 | ORLY | O'reilly Automotive Inc | 股票-循環性消費 | 0.53% | -0.03% | +341.25% | |
| 36 | AMGN | Amgen Inc | 股票-醫療保健 | 0.52% | -0.04% | +21.42% | |
| 37 | MS | Morgan Stanley | 股票-金融 | 0.52% | +0.01% | +45.31% | |
| 38 | AMAT | Applied Materials Inc | 股票-科技 | 0.52% | +0.39% | -84.22% | |
| 39 | WFC | Wells Fargo & Co | 股票-金融 | 0.51% | -0.05% | -5.05% | |
| 40 | LRCX | Lam Research CORP | 股票-科技 | 0.50% | +0.34% | +179.23% | |
| 41 | SHOP | Shopify Inc - Class A | 股票-科技 | 0.49% | -0.05% | +76.33% | |
| 42 | ABT | Abbott Laboratories | 股票-醫療保健 | 0.48% | -0.06% | +35.81% | |
| 43 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.46% | — | +124.42% | |
| 44 | TD | Toronto-dominion Bank | 股票-金融 | 0.46% | +0.04% | -16.61% | |
| 45 | C | Citigroup Inc | 股票-金融 | 0.45% | +0.05% | -35.32% | |
| 46 | FTV | Fortive CORP | 股票-科技 | 0.45% | +0.04% | — | |
| 47 | CL | Colgate-palmolive Co | 股票-非循環性消費 | 0.44% | -0.11% | +211.56% | |
| 48 | COF | Capital One Financial CORP | 股票-金融 | 0.44% | — | — | |
| 49 | RY | Royal Bank Of Canada | 股票-金融 | 0.44% | +0.01% | +161.18% | |
| 50 | CLX | Clorox Company | 股票-非循環性消費 | 0.43% | -0.04% | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | MSFT | Microsoft CORP | +6.2% | +168.04% | 加碼 |
| 2 | V | Visa Inc-class A Shares | +1% | +359.89% | 加碼 |
| 3 | GS | Goldman Sachs Group Inc | +0.9% | +39.48% | 加碼 |
| 4 | NFLX | Netflix Inc | +0.7% | +774.80% | 加碼 |
| 5 | BRK-B | Berkshire Hathaway Inc-cl B | +0.7% | -70.38% | 減碼 |
| 6 | BAC | Bank Of America CORP | +0.6% | +243.67% | 加碼 |
| 7 | COST | Costco Wholesale CORP | +0.6% | +25.33% | 加碼 |
| 8 | LLY | Eli Lilly & Co | +0.5% | +18.72% | 加碼 |
| 9 | PG | Procter & Gamble Co/the | +0.5% | +775.84% | 加碼 |
| 10 | AAPL | Apple Inc | +0.4% | +5.51% | 加碼 |
| 11 | UNH | Unitedhealth Group Inc | +0.4% | -75.67% | 減碼 |
| 12 | ORLY | O'reilly Automotive Inc | +0.4% | +341.25% | 加碼 |
| 13 | CSCO | Cisco Systems Inc | +0.4% | +68.90% | 加碼 |
| 14 | EXC | Exelon CORP | +0.4% | +1493.31% | 加碼 |
| 15 | LRCX | Lam Research CORP | +0.3% | +179.23% | 加碼 |
| 16 | TMO | Thermo Fisher Scientific Inc | +0.3% | +4.51% | 加碼 |
| 17 | 6D8 | Dupont De Nemours Inc | +0.3% | +1139.10% | 加碼 |
| 18 | CL | Colgate-palmolive Co | +0.3% | +211.56% | 加碼 |
| 19 | AMZN | Amazon.com Inc | +0.2% | +6.62% | 加碼 |
| 20 | BMO | Bank Of Montreal | +0.2% | +350.60% | 加碼 |
| 21 | CRM | Salesforce Inc | +0.2% | +46.32% | 加碼 |
| 22 | T | At&t Inc | +0.2% | +1318.83% | 加碼 |
| 23 | ISRG | Intuitive Surgical Inc | +0.2% | +52.35% | 加碼 |
| 24 | MS | Morgan Stanley | +0.2% | +45.31% | 加碼 |
| 25 | WMT | Walmart Inc | +0.2% | +22.38% | 加碼 |
| 26 | MCD | Mcdonald's CORP | +0.2% | +52.35% | 加碼 |
| 27 | ADP | Automatic Data Processing | +0.2% | +86.60% | 加碼 |
| 28 | IBM | Intl Business Machines CORP | +0.2% | +36.26% | 加碼 |
| 29 | AXP | American Express Co | +0.2% | +27.30% | 加碼 |
| 30 | HPQ | Hp Inc | +0.2% | +148.86% | 加碼 |
| 31 | ON | On Semiconductor | +0.2% | +353.26% | 加碼 |
| 32 | TXT | Textron Inc | +0.2% | +244.68% | 加碼 |
| 33 | RY | Royal Bank Of Canada | +0.1% | +161.18% | 加碼 |
| 34 | MET | Metlife Inc | +0.1% | +126.59% | 加碼 |
| 35 | USB | US Bancorp | +0.1% | +247.01% | 加碼 |
| 36 | AMAT | Applied Materials Inc | +0.1% | -84.22% | 減碼 |
| 37 | AMGN | Amgen Inc | +0.1% | +21.42% | 加碼 |
| 38 | NKE | Nike Inc -cl B | +0.1% | +210.29% | 加碼 |
| 39 | IP | International Paper Co | +0.1% | +344.57% | 加碼 |
| 40 | GIS | General Mills Inc | +0.1% | +366.72% | 加碼 |
| 41 | CM | Can Imperial Bk Of Commerce | +0.1% | +284.95% | 加碼 |
| 42 | WM | Waste Management Inc | +0.1% | +58.14% | 加碼 |
| 43 | NEM | Newmont CORP | +0.1% | +29.88% | 加碼 |
| 44 | PNC | Pnc Financial Services Group | +0.1% | +110.80% | 加碼 |
| 45 | FCX | Freeport-mcmoran Inc | +0.1% | +530.14% | 加碼 |
| 46 | CBRE | Cbre Group Inc - A | +0.1% | +83.95% | 加碼 |
| 47 | DHR | Danaher CORP | +0.1% | +31.03% | 加碼 |
| 48 | AMD | Advanced Micro Devices | +0.1% | -6.10% | 減碼 |
| 49 | AMCR | Amcor plc | +0.1% | +235.04% | 加碼 |
| 50 | DIS | Walt Disney Co/the | +0.1% | +41.47% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Lombard Odier Asset Management 在 Q4 2025 季度的美股持倉總市值約為 US$31.4億，共申報了 265 個公開持股部位。
在 Q4 2025 季度，Lombard Odier Asset Management 按市值排列的前三大核心持股分別為：NVDA (8.4%)、AAPL (7.5%)、MSFT (6.5%)。其中最大持股部位 NVDA 佔據整體投資組合約 8.4% 的權重。
在 Q4 2025 季度中，Lombard Odier Asset Management 共進行了 200 項持倉異動，包含新建倉 46 個部位、加碼 61 個部位、減碼 53 個部位以及清倉 40 個部位。 其中最大新建倉標的為 GOOGL。 本季清倉部位包含 SYF。
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。