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: 0001965552
申報總市值
US$7.8億
US$7.8億
62 檔
23.0%
在 Q4 2025 申報期間，Longbow Finance SA（CIK: 0001965552）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$7.8億，共持有 62 個公開申報部位。
從 Q4 2025 申報觀察，Longbow Finance SA 採取防禦導向的調倉策略，本季減碼 46 檔個股並出清 15 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 NVDA, MSFT, AAPL）累計市值佔比達 23.0%，是驅動 Longbow Finance SA 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 | NVDA | Nvidia CORP | 股票-科技 | 7.90% | +0.61% | -48.04% | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 6.59% | -0.66% | -43.61% | |
| 3 | AAPL | Apple Inc | 股票-科技 | 6.59% | -0.43% | -44.16% | |
| 4 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 5.16% | +1.43% | -42.27% | |
| 5 | AMZN | Amazon.com Inc | 股票-循環性消費 | 4.25% | +0.51% | -31.19% | |
| 6 | AVGO | Broadcom Inc | 股票-科技 | 4.08% | +0.22% | -40.24% | |
| 7 | XOM | Exxon Mobil CORP | 股票-能源 | 3.64% | -3.33% | -20.66% | |
| 8 | JPM | Jpmorgan Chase & Co | 股票-金融 | 2.56% | +0.06% | -45.67% | |
| 9 | ABBV | Abbvie Inc | 股票-醫療保健 | 2.36% | -1.01% | -38.16% | |
| 10 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 2.18% | — | -18.09% | |
| 11 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.98% | +0.26% | -68.09% | |
| 12 | MCK | Mckesson CORP | 股票-醫療保健 | 1.96% | -1.46% | +2.97% | |
| 13 | WMT | Walmart Inc | 股票-非循環性消費 | 1.68% | -0.61% | -37.03% | |
| 14 | WFC | Wells Fargo & Co | 股票-金融 | 1.67% | — | -28.70% | |
| 15 | CBOE | Cboe Global Markets Inc | 股票-金融 | 1.66% | -1.52% | EXIT | |
| 16 | PANW | Palo Alto Networks Inc | 股票-科技 | 1.55% | -0.61% | -22.09% | |
| 17 | CDNS | Cadence Design Sys Inc | 股票-科技 | 1.54% | +0.57% | — | |
| 18 | C | Citigroup Inc | 股票-金融 | 1.41% | -0.49% | -28.12% | |
| 19 | HWM | Howmet Aerospace Inc | 股票-工業 | 1.40% | — | — | |
| 20 | TRV | Travelers Cos Inc/the | 股票-金融 | 1.38% | -0.48% | — | |
| 21 | CAT | Caterpillar Inc | 股票-工業 | 1.37% | -0.33% | -49.80% | |
| 22 | STT | State Street CORP | 股票-金融 | 1.36% | -0.02% | -33.17% | |
| 23 | APH | Amphenol Corp-cl A | 股票-科技 | 1.36% | -0.78% | EXIT | |
| 24 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.35% | -0.29% | -44.27% | |
| 25 | GS | Goldman Sachs Group Inc | 股票-金融 | 1.35% | +0.06% | -46.61% | |
| 26 | FLEX | Flex Ltd. | 股票-科技 | 1.31% | -0.85% | EXIT | |
| 27 | CEG | Constellation Energy | 股票-公用事業 | 1.30% | -0.92% | EXIT | |
| 28 | GE | General Electric | 股票-工業 | 1.23% | +0.35% | -36.41% | |
| 29 | ORLY | O'reilly Automotive Inc | 股票-循環性消費 | 1.18% | -0.86% | EXIT | |
| 30 | MA | Mastercard Inc - A | 股票-金融 | 1.13% | — | -49.38% | |
| 31 | WELL | Welltower Inc | 股票-房地產 | 1.12% | +0.67% | -39.42% | |
| 32 | WAB | Wabtec CORP | 股票-工業 | 1.04% | +0.54% | -27.86% | |
| 33 | HLT | Hilton Worldwide Holdings In | 股票-循環性消費 | 1.04% | +0.39% | — | |
| 34 | AXP | American Express Co | 股票-金融 | 1.04% | +2.05% | NEW | |
| 35 | KLAC | Kla CORP | 股票-科技 | 1.03% | -0.88% | — | |
| 36 | MNST | Monster Beverage CORP | 股票-非循環性消費 | 1.02% | -0.41% | — | |
| 37 | BAC | Bank Of America CORP | 股票-金融 | 1.02% | — | -26.85% | |
| 38 | TJX | Tjx Companies Inc | 股票-循環性消費 | 0.98% | -0.17% | -51.44% | |
| 39 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.97% | -1.29% | EXIT | |
| 40 | WMB | Williams Cos Inc | 股票-能源 | 0.95% | +0.35% | -46.66% | |
| 41 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.95% | +0.99% | -30.61% | |
| 42 | GILD | Gilead Sciences Inc | 股票-醫療保健 | 0.92% | -0.57% | -52.09% | |
| 43 | PWR | Quanta Services Inc | 股票-工業 | 0.91% | -0.22% | -23.35% | |
| 44 | COR | Cencora Inc | 股票-醫療保健 | 0.90% | -0.75% | EXIT | |
| 45 | FCX | Freeport-mcmoran Inc | 股票-原物料 | 0.89% | -0.14% | -50.10% | |
| 46 | LIT | Global X Lithium & Battery T | ETF-其他 | 0.88% | -0.25% | — | |
| 47 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.88% | — | -21.14% | |
| 48 | CRH | CRH plc | 股票-原物料 | 0.88% | -0.04% | -44.74% | |
| 49 | RL | Ralph Lauren CORP | 股票-循環性消費 | 0.83% | +0.19% | -45.38% | |
| 50 | GEV | GE Vernova Inc | 股票-工業 | 0.77% | +0.01% | -26.03% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | XOM | Exxon Mobil CORP | +1.1% | -20.66% | 減碼 |
| 2 | GOOG | Alphabet Inc-cl C | +1.1% | -42.27% | 減碼 |
| 3 | MCK | Mckesson CORP | +0.9% | +2.97% | 加碼 |
| 4 | AMZN | Amazon.com Inc | +0.8% | -31.19% | 減碼 |
| 5 | FLEX | Flex Ltd. | +0.8% | +34.17% | 加碼 |
| 6 | BRK-B | Berkshire Hathaway Inc-cl B | +0.6% | -18.09% | 減碼 |
| 7 | APH | Amphenol Corp-cl A | +0.6% | — | 不變 |
| 8 | HWM | Howmet Aerospace Inc | +0.6% | — | 不變 |
| 9 | WFC | Wells Fargo & Co | +0.4% | -28.70% | 減碼 |
| 10 | LIT | Global X Lithium & Battery T | +0.4% | — | 不變 |
| 11 | C | Citigroup Inc | +0.4% | -28.12% | 減碼 |
| 12 | LLY | Eli Lilly & Co | +0.4% | -44.27% | 減碼 |
| 13 | STT | State Street CORP | +0.3% | -33.17% | 減碼 |
| 14 | AVGO | Broadcom Inc | +0.3% | -40.24% | 減碼 |
| 15 | CBOE | Cboe Global Markets Inc | +0.3% | -31.53% | 減碼 |
| 16 | CEG | Constellation Energy | +0.3% | -31.86% | 減碼 |
| 17 | PANW | Palo Alto Networks Inc | +0.3% | -22.09% | 減碼 |
| 18 | BAC | Bank Of America CORP | +0.3% | -26.85% | 減碼 |
| 19 | WAB | Wabtec CORP | +0.3% | -27.86% | 減碼 |
| 20 | WMT | Walmart Inc | +0.2% | -37.03% | 減碼 |
| 21 | PWR | Quanta Services Inc | +0.2% | -23.35% | 減碼 |
| 22 | PLTR | Palantir Technologies Inc-a | +0.2% | -21.14% | 減碼 |
| 23 | KO | Coca-cola Co/the | +0.2% | -30.61% | 減碼 |
| 24 | GEV | GE Vernova Inc | +0.2% | -26.03% | 減碼 |
| 25 | CSCO | Cisco Systems Inc | +0.2% | -29.69% | 減碼 |
| 26 | AAPL | Apple Inc | +0.2% | -44.16% | 減碼 |
| 27 | GE | General Electric | +0.1% | -36.41% | 減碼 |
| 28 | MCD | Mcdonald's CORP | +0.1% | -32.56% | 減碼 |
| 29 | RCL | Royal Caribbean Cruises Ltd. | +0.1% | -18.09% | 減碼 |
| 30 | ABBV | Abbvie Inc | +0.1% | -38.16% | 減碼 |
| 31 | FCX | Freeport-mcmoran Inc | +0.1% | -50.10% | 減碼 |
| 32 | WELL | Welltower Inc | +0.1% | -39.42% | 減碼 |
| 33 | SO | Southern Co/the | +0.1% | -30.42% | 減碼 |
| 34 | CAT | Caterpillar Inc | 0% | -49.80% | 減碼 |
| 35 | RL | Ralph Lauren CORP | 0% | -45.38% | 減碼 |
| 36 | GS | Goldman Sachs Group Inc | 0% | -46.61% | 減碼 |
| 37 | INKT | Mink Therapeutics Inc | 0% | — | 不變 |
| 38 | PLUG | Plug Power Inc | 0% | — | 不變 |
| 39 | AMD | Advanced Micro Devices | — | -56.12% | 減碼 |
| 40 | CRH | CRH plc | 0% | -44.74% | 減碼 |
| 41 | AXP | American Express Co | -0.1% | -50.35% | 減碼 |
| 42 | GILD | Gilead Sciences Inc | -0.1% | -52.09% | 減碼 |
| 43 | JPM | Jpmorgan Chase & Co | -0.1% | -45.67% | 減碼 |
| 44 | TJX | Tjx Companies Inc | -0.1% | -51.44% | 減碼 |
| 45 | WMB | Williams Cos Inc | -0.1% | -46.66% | 減碼 |
| 46 | COR | Cencora Inc | -0.1% | -53.25% | 減碼 |
| 47 | MA | Mastercard Inc - A | -0.2% | -49.38% | 減碼 |
| 48 | BSX | Boston Scientific CORP | -0.4% | -61.21% | 減碼 |
| 49 | AMAT | Applied Materials Inc | -0.4% | -75.43% | 減碼 |
| 50 | NFLX | Netflix Inc | -0.6% | +269.76% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Longbow Finance SA 在 Q4 2025 季度的美股持倉總市值約為 US$7.8億，共申報了 62 個公開持股部位。
在 Q4 2025 季度，Longbow Finance SA 按市值排列的前三大核心持股分別為：NVDA (7.9%)、MSFT (6.6%)、AAPL (6.6%)。其中最大持股部位 NVDA 佔據整體投資組合約 7.9% 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
CDNS
市值: US$907.6萬
本季最大獲利了結 / 清倉標的
AJG
前期市值: US$1613.1萬
在 Q4 2025 季度中，Longbow Finance SA 共進行了 72 項持倉異動，包含新建倉 8 個部位、加碼 3 個部位、減碼 46 個部位以及清倉 15 個部位。 其中最大新建倉標的為 CDNS。 本季清倉部位包含 AJG。
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。