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: 0001491719
申報總市值
US$7.3億
US$7.3億
376 檔
74.8%
在 Q3 2025 申報期間，Lombard Odier Asset Management（CIK: 0001491719）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$7.3億，共持有 376 個公開申報部位。
Lombard Odier Asset Management 於 Q3 2025 展現出進攻型調倉步調，本季推動了 75 檔股票的新建倉與 42 檔既有部位加碼，整體資金傾向擴大在美股市場的曝險佈局。
從部位權重觀察，前 5 大標的（包含 SPY, AAL, XOP）累計市值佔比達 74.8%，是驅動 Lombard Odier Asset Management 該季度整體投資組合績效表現的核心支柱。
僅顯示前 200 大持股（共 376 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 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 21.47% | -16.99% | EXIT | |
| 2 | AAL | American Airlines Group Inc | 股票-工業 | 4.49% | +8.26% | -29.55% | |
| 3 | XOP | Ss Spdr S&p Og Exp & Prod | ETF-其他 | 3.72% | — | -2.10% | |
| 4 | CAR | Avis Budget Group Inc | 股票-其他 | 3.72% | -3.42% | -5.74% | |
| 5 | GDX | Vaneck Gold Miners ETF | ETF-避險與商品 | 3.08% | — | -2.76% | |
| 6 | TLT | Ishares 20+ Year Treasury Bd | ETF-政府公債 | 2.68% | +0.46% | -11.49% | |
| 7 | RIVN | Rivian Automotive Inc-a | 股票-循環性消費 | 2.50% | +1.10% | -0.27% | |
| 8 | PBF | Pbf Energy Inc-class A | 股票-能源 | 1.92% | — | — | |
| 9 | BMY | Bristol-myers Squibb Co | 股票-醫療保健 | 1.82% | +0.92% | — | |
| 10 | GILD | Gilead Sciences Inc | 股票-醫療保健 | 1.75% | +0.62% | — | |
| 11 | CMCSA | Comcast Corp-class A | 股票-通訊服務 | 1.58% | +0.37% | -1.11% | |
| 12 | PFE | Pfizer Inc | 股票-醫療保健 | 1.54% | +0.25% | — | |
| 13 | MSTR 0.875 03-15-31債券 | Strategy Inc | 債券 | 1.48% | +0.15% | -30.00% | |
| 14 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 1.46% | +0.94% | +33.33% | |
| 15 | C | Citigroup Inc | 股票-金融 | 1.36% | -2.84% | EXIT | |
| 16 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 1.32% | -1.13% | EXIT | |
| 17 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 1.21% | — | — | |
| 18 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 1.15% | — | +535.73% | |
| 19 | RIVN 4.625 03-15-29債券 | Rivian Auto Inc | 債券 | 1.05% | +0.77% | — | |
| 20 | NCLH 1.125 02-15-27債券 | Ncl Corporation LTD | 債券 | 1.00% | -1.49% | EXIT | |
| 21 | KSS | Kohls CORP | 股票-循環性消費 | 0.96% | +0.20% | -13.89% | |
| 22 | NEM | Newmont CORP | 股票-原物料 | 0.85% | -1.13% | EXIT | |
| 23 | VZ | Verizon Communications Inc | 股票-通訊服務 | 0.78% | -0.18% | -2.64% | |
| 24 | SPG | Simon Property Group Inc | 股票-房地產 | 0.76% | +0.65% | — | |
| 25 | BHC | Bausch Health Cos Inc | 股票-醫療保健 | 0.74% | +2.33% | -66.02% | |
| 26 | KMI | Kinder Morgan, Inc. | 股票-能源 | 0.71% | +0.43% | +4.53% | |
| 27 | BAC | Bank Of America CORP | 股票-金融 | 0.69% | +1.96% | — | |
| 28 | FYBR | Frontier Communications Pare | 股票-其他 | 0.66% | — | — | |
| 29 | NCLH | Norwegian Cruise Line Holdings Ltd. | 股票-循環性消費 | 0.66% | +0.38% | -83.92% | |
| 30 | F | Ford Motor Co | 股票-循環性消費 | 0.64% | +1.88% | — | |
| 31 | CAG | Conagra Brands Inc | 股票-非循環性消費 | 0.61% | +0.07% | — | |
| 32 | KOS 3.125 03-15-30債券 | Kosmos Energy LTD | 債券 | 0.61% | +0.25% | — | |
| 33 | CSCO | Cisco Systems Inc | 股票-科技 | 0.55% | +0.97% | -20.00% | |
| 34 | INTC | Intel CORP | 股票-科技 | 0.53% | +0.06% | NEW | |
| 35 | HTZ | Hertz Global Hldgs Inc | 股票-其他 | 0.53% | -0.40% | — | |
| 36 | FCX | Freeport-mcmoran Inc | 股票-原物料 | 0.50% | +0.38% | +1.42% | |
| 37 | SLN | Silence Therapeutics Plc-adr | 股票-其他 | 0.48% | — | -0.26% | |
| 38 | RSG | Republic Services Inc | 股票-工業 | 0.47% | — | -10.15% | |
| 39 | CZR | Caesars Entertainment Inc | 股票-循環性消費 | 0.40% | +0.25% | +3.13% | |
| 40 | ADM | Archer-daniels-midland Co | 股票-非循環性消費 | 0.40% | +0.09% | — | |
| 41 | M | Macy's, Inc. | 股票-循環性消費 | 0.38% | — | — | |
| 42 | UNIT 7.5 12-01-27債券 | Uniti Group Inc | 債券 | 0.38% | +0.23% | — | |
| 43 | TGT | Target CORP | 股票-循環性消費 | 0.36% | +0.48% | -5.17% | |
| 44 | FDX | Fedex CORP | 股票-工業 | 0.35% | +0.12% | +5.86% | |
| 45 | IBM | Intl Business Machines CORP | 股票-科技 | 0.33% | -0.10% | — | |
| 46 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 0.32% | -0.03% | +23.93% | |
| 47 | NVDA | Nvidia CORP | 股票-科技 | 0.32% | — | +28.26% | |
| 48 | RBC | RBC Bearings Inc | 股票-工業 | 0.32% | -0.04% | +20.82% | |
| 49 | TDG | Transdigm Group Inc | 股票-工業 | 0.31% | -0.14% | EXIT | |
| 50 | DAL | Delta Air Lines Inc | 股票-工業 | 0.30% | — | -27.57% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | SPY | Ss Spdr S&p 500 ETF Trust-us | +7.5% | +152.44% | 加碼 |
| 2 | CAR | Avis Budget Group Inc | +1.2% | -5.74% | 減碼 |
| 3 | PBF | Pbf Energy Inc-class A | +0.9% | — | 加碼 |
| 4 | KSS | Kohls CORP | +0.7% | -13.89% | 加碼 |
| 5 | RIVN | Rivian Automotive Inc-a | +0.7% | -0.27% | 加碼 |
| 6 | F | Ford Motor Co | +0.4% | — | 加碼 |
| 7 | INTC | Intel CORP | +0.4% | +143.65% | 加碼 |
| 8 | NVDA | Nvidia CORP | +0.3% | +28.26% | 加碼 |
| 9 | GOOGL | Alphabet Inc-cl A | +0.3% | +23.93% | 加碼 |
| 10 | TDG | Transdigm Group Inc | +0.3% | +16.52% | 加碼 |
| 11 | C | Citigroup Inc | +0.2% | — | 不變 |
| 12 | ✓ | Realogy Hldgs CORP Com | +0.2% | — | 不變 |
| 13 | QXO | Qxo Inc | +0.2% | +6.16% | 加碼 |
| 14 | SLN | Silence Therapeutics Plc-adr | +0.2% | -0.26% | 減碼 |
| 15 | MUR | Murphy Oil CORP | +0.2% | +9.88% | 加碼 |
| 16 | CHRW | C.h. Robinson Worldwide Inc | +0.1% | +69.87% | 加碼 |
| 17 | BLDR | Builders Firstsource Inc | +0.1% | +140.62% | 加碼 |
| 18 | RTX | Rtx CORP | +0.1% | +74.71% | 加碼 |
| 19 | MSFT | Microsoft CORP | +0.1% | +11.93% | 加碼 |
| 20 | BE | Bloom Energy Corp- A | +0.1% | — | 減碼 |
| 21 | NEM | Newmont CORP | +0.1% | — | 減碼 |
| 22 | SNDK | Sandisk CORP | +0.1% | -13.55% | 減碼 |
| 23 | MRVL | Marvell Technology Inc | +0.1% | +60.51% | 加碼 |
| 24 | PHM | Pultegroup Inc | +0.1% | +74.83% | 加碼 |
| 25 | XPO | Xpo Inc | +0.1% | +81.72% | 加碼 |
| 26 | PRM | Perimeter Solutions Inc | +0.1% | +72.77% | 加碼 |
| 27 | MRK | Merck & Co. Inc. | +0.1% | +33.33% | 加碼 |
| 28 | FCX | Freeport-mcmoran Inc | +0.1% | +1.42% | 加碼 |
| 29 | CZR | Caesars Entertainment Inc | +0.1% | +3.13% | 加碼 |
| 30 | LAUR | Laureate Education Inc | +0.1% | -7.67% | 加碼 |
| 31 | MHK | Mohawk Industries Inc | +0.1% | +23.55% | 加碼 |
| 32 | TLN | Talen Energy CORP | +0.1% | -53.28% | 加碼 |
| 33 | M | Macy's, Inc. | +0.1% | — | 不變 |
| 34 | EXE | Expand Energy CORP | +0.1% | +73.24% | 加碼 |
| 35 | CENX | Century Aluminum Company | +0.1% | +26.63% | 加碼 |
| 36 | HTZ | Hertz Global Hldgs Inc | +0.1% | — | 減碼 |
| 37 | AGO | Assured Guaranty Ltd. | +0.1% | +18.30% | 加碼 |
| 38 | GFF | Griffon CORP | +0.1% | +59.97% | 加碼 |
| 39 | TMHC | Taylor Morrison Home CORP | 0% | +6.67% | 加碼 |
| 40 | HWM | Howmet Aerospace Inc | 0% | -6.85% | 減碼 |
| 41 | LEA | Lear CORP | 0% | +5.04% | 加碼 |
| 42 | CRS | Carpenter Technology | 0% | +27.84% | 加碼 |
| 43 | WTTR | Select Water Solutions Inc | 0% | +70.54% | 加碼 |
| 44 | SHW | Sherwin-williams Co/the | 0% | +72.21% | 加碼 |
| 45 | DCH | Dauch Corporation | 0% | -20.56% | 減碼 |
| 46 | BKR | Baker Hughes Co | 0% | +1.76% | 加碼 |
| 47 | LPX | Louisiana-pacific CORP | 0% | +302.23% | 加碼 |
| 48 | PRGO | Perrigo Company plc | 0% | +25.67% | 加碼 |
| 49 | FND | Floor & Decor Holdings Inc-a | 0% | +73.63% | 加碼 |
| 50 | ADM | Archer-daniels-midland Co | 0% | — | 不變 |
根據 SEC 官方 Form 13F 申報備案，Lombard Odier Asset Management 在 Q3 2025 季度的美股持倉總市值約為 US$7.3億，共申報了 376 個公開持股部位。
在 Q3 2025 季度，Lombard Odier Asset Management 按市值排列的前三大核心持股分別為：SPY (21.5%)、AAL (4.5%)、XOP (3.7%)。其中最大持股部位 SPY 佔據整體投資組合約 21.5% 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
UNH
市值: US$1972.8萬
本季最大獲利了結 / 清倉標的
WM
前期市值: US$668.5萬
在 Q3 2025 季度中，Lombard Odier Asset Management 共進行了 187 項持倉異動，包含新建倉 75 個部位、加碼 42 個部位、減碼 38 個部位以及清倉 32 個部位。 其中最大新建倉標的為 UNH。 本季清倉部位包含 WM。
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。