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
230 檔
48.7%
在 Q1 2026 的 13F 官方備案中，Lombard Odier Asset Management 管理的美股投資組合規模來到 US$7.3億，整體持股檔數為 230 檔。
從 Q1 2026 申報觀察，Lombard Odier Asset Management 採取防禦導向的調倉策略，本季減碼 36 檔個股並出清 79 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 SPY, AAL, AAPL）累計市值佔比達 48.7%，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 230 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 | 16.99% | -16.99% | EXIT | |
| 2 | AAL | American Airlines Group Inc | 股票-工業 | 6.80% | +8.26% | +1.68% | |
| 3 | AAPL | Apple Inc | 股票-科技 | 5.37% | +2.67% | +0.06% | |
| 4 | RIVN | Rivian Automotive Inc-a | 股票-循環性消費 | 4.03% | +1.10% | +0.55% | |
| 5 | TLT | Ishares 20+ Year Treasury Bd | ETF-政府公債 | 3.78% | +0.46% | — | |
| 6 | CAR | Avis Budget Group Inc | 股票-其他 | 3.73% | -3.42% | -28.99% | |
| 7 | BMY | Bristol-myers Squibb Co | 股票-醫療保健 | 3.64% | +0.92% | -4.17% | |
| 8 | GILD | Gilead Sciences Inc | 股票-醫療保健 | 3.38% | +0.62% | -1.29% | |
| 9 | CMCSA | Comcast Corp-class A | 股票-通訊服務 | 3.18% | +0.37% | — | |
| 10 | C | Citigroup Inc | 股票-金融 | 2.84% | -2.84% | EXIT | |
| 11 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 2.33% | +0.94% | -28.85% | |
| 12 | PFE | Pfizer Inc | 股票-醫療保健 | 1.94% | +0.25% | — | |
| 13 | KMI | Kinder Morgan, Inc. | 股票-能源 | 1.68% | +0.43% | +33.33% | |
| 14 | RIVN 4.625 03-15-29債券 | Rivian Auto Inc | 債券 | 1.68% | +0.77% | — | |
| 15 | NCLH 1.125 02-15-27債券 | Ncl Corporation LTD | 債券 | 1.49% | -1.49% | EXIT | |
| 16 | MET | Metlife Inc | 股票-金融 | 1.48% | +0.85% | — | |
| 17 | HTZ | Hertz Global Hldgs Inc | 股票-其他 | 1.20% | -0.40% | +1150.00% | |
| 18 | SPG | Simon Property Group Inc | 股票-房地產 | 1.20% | +0.65% | +2.84% | |
| 19 | KOS 3.125 03-15-30債券 | Kosmos Energy LTD | 債券 | 1.16% | +0.25% | — | |
| 20 | TGT | Target CORP | 股票-循環性消費 | 1.14% | +0.48% | +50.00% | |
| 21 | NEM | Newmont CORP | 股票-原物料 | 1.13% | -1.13% | EXIT | |
| 22 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 1.13% | -1.13% | EXIT | |
| 23 | DIS | Walt Disney Co/the | 股票-通訊服務 | 1.08% | +0.34% | — | |
| 24 | VZ | Verizon Communications Inc | 股票-通訊服務 | 1.05% | -0.18% | +62.60% | |
| 25 | BAC | Bank Of America CORP | 股票-金融 | 1.02% | +1.96% | — | |
| 26 | CSCO | Cisco Systems Inc | 股票-科技 | 0.97% | +0.97% | — | |
| 27 | FCX | Freeport-mcmoran Inc | 股票-原物料 | 0.92% | +0.38% | -4.82% | |
| 28 | FDX | Fedex CORP | 股票-工業 | 0.91% | +0.12% | -1.60% | |
| 29 | CAG | Conagra Brands Inc | 股票-非循環性消費 | 0.86% | +0.07% | +2.15% | |
| 30 | CZR | Caesars Entertainment Inc | 股票-循環性消費 | 0.80% | +0.25% | +2.01% | |
| 31 | NCLH | Norwegian Cruise Line Holdings Ltd. | 股票-循環性消費 | 0.78% | +0.38% | — | |
| 32 | UNIT 7.5 12-01-27債券 | Uniti Group Inc | 債券 | 0.64% | +0.23% | — | |
| 33 | HLF | Herbalife Ltd. | 股票-其他 | 0.62% | +0.11% | — | |
| 34 | MSTR 0.875 03-15-31債券 | Strategy Inc | 債券 | 0.61% | +0.15% | -57.14% | |
| 35 | UPS | United Parcel Service-cl B | 股票-工業 | 0.51% | +0.23% | +25.00% | |
| 36 | PRU | Prudential Financial Inc | 股票-金融 | 0.51% | +0.23% | — | |
| 37 | MSFT | Microsoft CORP | 股票-科技 | 0.49% | -0.13% | +210.29% | |
| 38 | CLF | Cleveland-cliffs Inc | 股票-原物料 | 0.47% | +0.16% | +60.61% | |
| 39 | MGM | Mgm Resorts International | 股票-循環性消費 | 0.46% | +0.26% | +293.33% | |
| 40 | IBM | Intl Business Machines CORP | 股票-科技 | 0.44% | -0.10% | — | |
| 41 | ✓ | Pagaya Technologies LTD Cl | 股票-其他 | 0.44% | +0.46% | — | |
| 42 | COMP | Compass Inc - Class A | 股票-房地產 | 0.44% | +0.53% | — | |
| 43 | NBR | Nabors Industries Ltd. | 股票-其他 | 0.41% | +0.01% | -22.84% | |
| 44 | SLB | Slb LTD | 股票-能源 | 0.39% | +0.07% | +53.19% | |
| 45 | NFLX | Netflix Inc | 股票-通訊服務 | 0.38% | -0.01% | — | |
| 46 | BHC | Bausch Health Cos Inc | 股票-醫療保健 | 0.38% | +2.33% | — | |
| 47 | DCH | Dauch Corporation | 股票-其他 | 0.37% | +0.05% | -13.04% | |
| 48 | OGN | Organon & Co | 股票-醫療保健 | 0.36% | +0.71% | — | |
| 49 | MSTR | Strategy Inc | 股票-科技 | 0.33% | -0.03% | +28.72% | |
| 50 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 0.30% | -0.03% | -47.59% |
| # | 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 | +8.3% | +81.30% | 加碼 |
| 2 | HTZ | Hertz Global Hldgs Inc | +1.1% | +1150.00% | 加碼 |
| 3 | KMI | Kinder Morgan, Inc. | +0.8% | +33.33% | 加碼 |
| 4 | GILD | Gilead Sciences Inc | +0.7% | -1.29% | 減碼 |
| 5 | BMY | Bristol-myers Squibb Co | +0.6% | -4.17% | 減碼 |
| 6 | KOS 3.125 03-15-30債券 | Kosmos Energy LTD | +0.6% | — | 不變 |
| 7 | TGT | Target CORP | +0.6% | +50.00% | 加碼 |
| 8 | VZ | Verizon Communications Inc | +0.6% | +62.60% | 加碼 |
| 9 | PFE | Pfizer Inc | +0.4% | — | 不變 |
| 10 | MGM | Mgm Resorts International | +0.4% | +293.33% | 加碼 |
| 11 | MSFT | Microsoft CORP | +0.3% | +210.29% | 加碼 |
| 12 | AAPL | Apple Inc | +0.3% | +0.06% | 加碼 |
| 13 | FDX | Fedex CORP | +0.2% | -1.60% | 減碼 |
| 14 | C | Citigroup Inc | +0.2% | — | 不變 |
| 15 | ✓ | +0.2% | +736.64% | 加碼 | |
| 16 | SLB | Slb LTD | +0.2% | +53.19% | 加碼 |
| 17 | CASY | Casey's General Stores Inc | +0.2% | +156.18% | 加碼 |
| 18 | CZR | Caesars Entertainment Inc | +0.2% | +2.01% | 加碼 |
| 19 | FCX | Freeport-mcmoran Inc | +0.2% | -4.82% | 減碼 |
| 20 | SPG | Simon Property Group Inc | +0.2% | +2.84% | 加碼 |
| 21 | ADM | Archer-daniels-midland Co | +0.2% | +100.00% | 加碼 |
| 22 | KOS | Kosmos Energy LTD | +0.1% | — | 不變 |
| 23 | UPS | United Parcel Service-cl B | +0.1% | +25.00% | 加碼 |
| 24 | HLF | Herbalife Ltd. | +0.1% | — | 不變 |
| 25 | BABA | Alibaba Group Holding-sp Adr | +0.1% | +495.24% | 加碼 |
| 26 | NBR | Nabors Industries Ltd. | +0.1% | -22.84% | 減碼 |
| 27 | SNX | TD Synnex CORP | +0.1% | +92.84% | 加碼 |
| 28 | CAG | Conagra Brands Inc | 0% | +2.15% | 加碼 |
| 29 | MET | Metlife Inc | 0% | — | 不變 |
| 30 | BAC | Bank Of America CORP | — | — | 不變 |
| 31 | CNI | Canadian Natl Railway Co | 0% | -23.81% | 減碼 |
| 32 | ADBE | Adobe Inc | 0% | -4.12% | 減碼 |
| 33 | PHM | Pultegroup Inc | 0% | -23.81% | 減碼 |
| 34 | QCOM | Qualcomm Inc | 0% | — | 不變 |
| 35 | EXE | Expand Energy CORP | 0% | -23.81% | 減碼 |
| 36 | MHK | Mohawk Industries Inc | 0% | -23.81% | 減碼 |
| 37 | IBM | Intl Business Machines CORP | 0% | — | 不變 |
| 38 | DCH | Dauch Corporation | 0% | -13.04% | 減碼 |
| 39 | APG | Api Group CORP | 0% | -33.05% | 減碼 |
| 40 | APTV | Aptiv PLC | 0% | -35.24% | 減碼 |
| 41 | NCLH | Norwegian Cruise Line Holdings Ltd. | -0.1% | — | 不變 |
| 42 | BHC | Bausch Health Cos Inc | -0.1% | — | 不變 |
| 43 | COR | Cencora Inc | -0.1% | -31.76% | 減碼 |
| 44 | TDG | Transdigm Group Inc | -0.1% | -25.02% | 減碼 |
| 45 | ODFL | Old Dominion Freight Line | -0.1% | -56.19% | 減碼 |
| 46 | BSX | Boston Scientific CORP | -0.1% | -12.26% | 減碼 |
| 47 | RIVN 4.625 03-15-29債券 | Rivian Auto Inc | -0.1% | — | 不變 |
| 48 | GFF | Griffon CORP | -0.1% | -61.91% | 減碼 |
| 49 | KSS | Kohls CORP | -0.1% | — | 不變 |
| 50 | RBC | RBC Bearings Inc | -0.1% | -54.62% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Lombard Odier Asset Management 在 Q1 2026 季度的美股持倉總市值約為 US$7.3億，共申報了 230 個公開持股部位。
在 Q1 2026 季度，Lombard Odier Asset Management 按市值排列的前三大核心持股分別為：SPY (17.0%)、AAL (6.8%)、AAPL (5.4%)。其中最大持股部位 SPY 佔據整體投資組合約 17.0% 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
CMCSA
市值: US$3047.0萬
本季最大獲利了結 / 清倉標的
GDX
前期市值: US$5296.3萬
在 Q1 2026 季度中，Lombard Odier Asset Management 共進行了 186 項持倉異動，包含新建倉 51 個部位、加碼 20 個部位、減碼 36 個部位以及清倉 79 個部位。 其中最大新建倉標的為 CMCSA。 本季清倉部位包含 GDX。
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。