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: 0000919859
申報總市值
US$999.6億
US$999.6億
1650 檔
13.7%
在 Q4 2025 的 13F 官方備案中，Mackenzie Financial CORP 管理的美股投資組合規模來到 US$999.6億，整體持股檔數為 1650 檔。
觀察 Q4 2025 的資金脈絡，Mackenzie Financial CORP 在獲利結算 1 檔個股的同時，將資本重新部署至 5 檔新選標的，展現主動管理機構的輪動節奏。
在資產配置集中度方面，Mackenzie Financial CORP 的前 5 大核心持股（包含 RY, MSFT, AAPL 等）合計佔整體申報市值的 13.7%，反映機構在主要關鍵部位上的權重分佈。
僅顯示前 200 大持股（共 1650 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 | RY | Royal Bank Of Canada | 股票-金融 | 4.26% | +1.70% | -2.78% | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 3.19% | -0.28% | -6.81% | |
| 3 | AAPL | Apple Inc | 股票-科技 | 2.97% | -0.36% | +1.58% | |
| 4 | NVDA | Nvidia CORP | 股票-科技 | 2.95% | -0.14% | +1.79% | |
| 5 | TD | Toronto-dominion Bank | 股票-金融 | 2.86% | +1.25% | -0.16% | |
| 6 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 2.55% | -0.09% | +11.49% | |
| 7 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 2.37% | -0.01% | -3.52% | |
| 8 | SHOP | Shopify Inc - Class A | 股票-科技 | 1.93% | -1.42% | +9.06% | |
| 9 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.84% | +0.06% | -7.73% | |
| 10 | AEM | Agnico Eagle Mines LTD | 股票-原物料 | 1.76% | -0.18% | +3.98% | |
| 11 | BMO | Bank Of Montreal | 股票-金融 | 1.43% | +0.75% | -2.34% | |
| 12 | CP | Canadian Pacific Kansas City | 股票-工業 | 1.41% | +0.62% | -1.66% | |
| 13 | BN | Brookfield CORP | 股票-金融 | 1.30% | +0.42% | +47.82% | |
| 14 | CNQ | Canadian Natural Resources | 股票-能源 | 1.24% | -0.08% | -0.30% | |
| 15 | MFC | Manulife Financial CORP | 股票-金融 | 1.23% | +0.46% | +2.62% | |
| 16 | WCN | Waste Connections Inc | 股票-工業 | 1.18% | -0.95% | -8.42% | |
| 17 | CM | Can Imperial Bk Of Commerce | 股票-金融 | 1.17% | +0.62% | +69.27% | |
| 18 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.13% | -0.10% | +4.90% | |
| 19 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.09% | -0.26% | +22.14% | |
| 20 | B | Barrick Mining CORP | 股票-原物料 | 1.08% | +0.06% | +61.87% | |
| 21 | CNI | Canadian Natl Railway Co | 股票-工業 | 1.04% | +0.43% | +3.12% | |
| 22 | ENB | Enbridge Inc | 股票-能源 | 1.03% | +0.30% | +4.88% | |
| 23 | AVGO | Broadcom Inc | 股票-科技 | 1.01% | +0.10% | -4.81% | |
| 24 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.97% | +0.01% | -1.26% | |
| 25 | TRP | Tc Energy CORP | 股票-能源 | 0.89% | +0.19% | +0.50% | |
| 26 | BNS | Bank Of Nova Scotia | 股票-金融 | 0.85% | +0.35% | -34.23% | |
| 27 | AGG | Ishares Core U.s. Aggregate | ETF-其他 | 0.69% | -0.11% | +6.06% | |
| 28 | GIB | Cgi Inc | 股票-科技 | 0.64% | -0.01% | +2.02% | |
| 29 | SU | Suncor Energy Inc | 股票-能源 | 0.63% | -0.04% | +1.25% | |
| 30 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.63% | +0.14% | +88.03% | |
| 31 | BAM | Brookfield Asset Mgmt-a | 股票-金融 | 0.61% | -0.03% | -6.41% | |
| 32 | V | Visa Inc-class A Shares | 股票-金融 | 0.60% | +0.10% | -8.02% | |
| 33 | CVE | Cenovus Energy Inc | 股票-能源 | 0.58% | -0.06% | -6.04% | |
| 34 | MA | Mastercard Inc - A | 股票-金融 | 0.58% | -0.16% | -4.57% | |
| 35 | FNV | Franco-nevada CORP | 股票-原物料 | 0.57% | -0.26% | -2.43% | |
| 36 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.56% | -0.11% | -7.24% | |
| 37 | TJX | Tjx Companies Inc | 股票-循環性消費 | 0.56% | -0.19% | -4.75% | |
| 38 | SPGI | S&p Global Inc | 股票-金融 | 0.56% | -0.16% | -21.26% | |
| 39 | WPM | Wheaton Precious Metals CORP | 股票-原物料 | 0.54% | +0.12% | +5.38% | |
| 40 | NTR | Nutrien LTD | 股票-原物料 | 0.53% | -0.70% | +4.42% | |
| 41 | TU | Telus CORP | 股票-其他 | 0.51% | -0.07% | +2.95% | |
| 42 | GIL | Gildan Activewear Inc | 股票-循環性消費 | 0.51% | +0.05% | +41.19% | |
| 43 | KGC | Kinross Gold CORP | 股票-原物料 | 0.49% | -0.12% | +24.75% | |
| 44 | PBA | Pembina Pipeline CORP | 股票-能源 | 0.49% | +0.03% | -7.51% | |
| 45 | LIN | Linde plc | 股票-原物料 | 0.49% | -0.14% | -9.61% | |
| 46 | PM | Philip Morris International | 股票-非循環性消費 | 0.49% | -0.04% | -10.11% | |
| 47 | CAE | Cae Inc | 股票-其他 | 0.49% | -0.09% | -0.43% | |
| 48 | WMT | Walmart Inc | 股票-非循環性消費 | 0.48% | -0.24% | +24.37% | |
| 49 | STN | Stantec Inc | 股票-其他 | 0.47% | -0.23% | -27.72% | |
| 50 | TECK | Teck Resources Ltd-cls B | 股票-原物料 | 0.47% | +0.06% | +6.95% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | B | Barrick Mining CORP | +0.6% | +61.87% | 加碼 |
| 2 | CM | Can Imperial Bk Of Commerce | +0.6% | +69.27% | 加碼 |
| 3 | GOOGL | Alphabet Inc-cl A | +0.4% | -3.52% | 減碼 |
| 4 | RY | Royal Bank Of Canada | +0.4% | -2.78% | 減碼 |
| 5 | LLY | Eli Lilly & Co | +0.4% | +88.03% | 加碼 |
| 6 | TD | Toronto-dominion Bank | +0.4% | -0.16% | 減碼 |
| 7 | SHOP | Shopify Inc - Class A | +0.3% | +9.06% | 加碼 |
| 8 | JNJ | Johnson & Johnson | +0.3% | +22.14% | 加碼 |
| 9 | WFC | Wells Fargo & Co | +0.2% | +123.45% | 加碼 |
| 10 | AAPL | Apple Inc | +0.2% | +1.58% | 加碼 |
| 11 | MFC | Manulife Financial CORP | +0.2% | +2.62% | 加碼 |
| 12 | GIL | Gildan Activewear Inc | +0.2% | +41.19% | 加碼 |
| 13 | HBM | Hudbay Minerals Inc | +0.2% | +116.08% | 加碼 |
| 14 | KGC | Kinross Gold CORP | +0.1% | +24.75% | 加碼 |
| 15 | WMT | Walmart Inc | +0.1% | +24.37% | 加碼 |
| 16 | KO | Coca-cola Co/the | +0.1% | +38.89% | 加碼 |
| 17 | DHR | Danaher CORP | +0.1% | +30.36% | 加碼 |
| 18 | LRCX | Lam Research CORP | +0.1% | +11.32% | 加碼 |
| 19 | AZNN | Astrazeneca Plc-spons Adr | +0.1% | +161.05% | 加碼 |
| 20 | NEE | Nextera Energy Inc | +0.1% | +134.68% | 加碼 |
| 21 | CLS | Celestica Inc | +0.1% | +126.83% | 加碼 |
| 22 | AMAT | Applied Materials Inc | +0.1% | +89.58% | 加碼 |
| 23 | CSCO | Cisco Systems Inc | +0.1% | +13.73% | 加碼 |
| 24 | AXP | American Express Co | +0.1% | +291.76% | 加碼 |
| 25 | DE | Deere & Co | +0.1% | +298.49% | 加碼 |
| 26 | CBOE | Cboe Global Markets Inc | +0.1% | +80.19% | 加碼 |
| 27 | EGO | Eldorado Gold CORP | +0.1% | +904.10% | 加碼 |
| 28 | PCAR | Paccar Inc | +0.1% | +530.77% | 加碼 |
| 29 | TMO | Thermo Fisher Scientific Inc | +0.1% | +19.21% | 加碼 |
| 30 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.1% | +11.49% | 加碼 |
| 31 | AEM | Agnico Eagle Mines LTD | +0.1% | +3.98% | 加碼 |
| 32 | MRK | Merck & Co. Inc. | +0.1% | +23.42% | 加碼 |
| 33 | TECK | Teck Resources Ltd-cls B | +0.1% | +6.95% | 加碼 |
| 34 | ROK | Rockwell Automation Inc | +0.1% | +1091.27% | 加碼 |
| 35 | GOOG | Alphabet Inc-cl C | +0.1% | -0.15% | 減碼 |
| 36 | WDC | Western Digital CORP | +0.1% | +63.56% | 加碼 |
| 37 | CAT | Caterpillar Inc | +0.1% | +11.44% | 加碼 |
| 38 | SLV | Ishares Silver Trust | +0.1% | +57.27% | 加碼 |
| 39 | CNI | Canadian Natl Railway Co | +0.1% | +3.12% | 加碼 |
| 40 | WPM | Wheaton Precious Metals CORP | +0.1% | +5.38% | 加碼 |
| 41 | MS | Morgan Stanley | +0.1% | +46.24% | 加碼 |
| 42 | CCJ | Cameco CORP | +0.1% | +42.77% | 加碼 |
| 43 | MDT | Medtronic plc | +0.1% | +20.45% | 加碼 |
| 44 | MGA | Magna International Inc | +0.1% | +70.38% | 加碼 |
| 45 | HYLB | Xtrackers Usd High Yield Cor | +0.1% | +3102.97% | 加碼 |
| 46 | CNQ | Canadian Natural Resources | 0% | -0.30% | 減碼 |
| 47 | NTR | Nutrien LTD | 0% | +4.42% | 加碼 |
| 48 | AU | AngloGold Ashanti plc | 0% | -0.07% | 減碼 |
| 49 | BLK | Blackrock Inc | 0% | +32.73% | 加碼 |
| 50 | CME | Cme Group Inc | 0% | +9.46% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Mackenzie Financial CORP 在 Q4 2025 季度的美股持倉總市值約為 US$999.6億，共申報了 1650 個公開持股部位。
在 Q4 2025 季度，Mackenzie Financial CORP 按市值排列的前三大核心持股分別為：RY (4.3%)、MSFT (3.2%)、AAPL (3.0%)。其中最大持股部位 RY 佔據整體投資組合約 4.3% 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
BGSI
市值: US$3.3億
本季最大獲利了結 / 清倉標的
TTEN
前期市值: US$8514.6萬
在 Q4 2025 季度中，Mackenzie Financial CORP 共進行了 200 項持倉異動，包含新建倉 5 個部位、加碼 91 個部位、減碼 103 個部位以及清倉 1 個部位。 其中最大新建倉標的為 BGSI。 本季清倉部位包含 TTEN。
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。