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: 0001536105
申報總市值
US$44.7億
US$44.7億
82 檔
58.3%
在 Q3 2025 申報期間，Magellan Asset Management Ltd（CIK: 0001536105）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$44.7億，共持有 82 個公開申報部位。
Magellan Asset Management Ltd 於 Q3 2025 展現出進攻型調倉步調，本季推動了 4 檔股票的新建倉與 55 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。
在資產配置集中度方面，Magellan Asset Management Ltd 的前 5 大核心持股（包含 AMZN, MSFT, ES 等）合計佔整體申報市值的 58.3%，反映機構在主要關鍵部位上的權重分佈。
| # | 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 | AMZN | Amazon.com Inc | 股票-循環性消費 | 7.69% | -2.73% | -6.20% | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 7.55% | -1.91% | -12.93% | |
| 3 | ES | Eversource Energy | 股票-公用事業 | 6.24% | -0.01% | +6.54% | |
| 4 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 4.98% | -1.48% | -21.78% | |
| 5 | MA | Mastercard Inc - A | 股票-金融 | 4.39% | -1.07% | -0.69% | |
| 6 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 4.02% | -1.50% | -27.07% | |
| 7 | YUM | Yum! Brands Inc | 股票-循環性消費 | 3.84% | -1.48% | -7.48% | |
| 8 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 3.32% | -1.56% | -1.38% | |
| 9 | V | Visa Inc-class A Shares | 股票-金融 | 3.08% | -2.14% | -13.21% | |
| 10 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 2.98% | -2.12% | -4.25% | |
| 11 | ICE | Intercontinental Exchange In | 股票-金融 | 2.71% | -1.32% | -6.43% | |
| 12 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 2.47% | -2.15% | -23.09% | |
| 13 | SRE | Sempra | 股票-公用事業 | 2.39% | +1.80% | -0.87% | |
| 14 | INTU | Intuit Inc | 股票-科技 | 2.31% | -1.17% | +8.38% | |
| 15 | MSCI | Msci Inc | 股票-金融 | 2.30% | -1.73% | +12.06% | |
| 16 | AMT | American Tower CORP | 股票-房地產 | 2.29% | +1.77% | +20.05% | |
| 17 | CMG | Chipotle Mexican Grill Inc | 股票-循環性消費 | 2.24% | -1.23% | -1.49% | |
| 18 | EVRG | Evergy Inc | 股票-公用事業 | 2.20% | +1.82% | +3.38% | |
| 19 | CME | Cme Group Inc | 股票-金融 | 2.07% | -1.07% | +32.83% | |
| 20 | D | Dominion Energy Inc | 股票-公用事業 | 2.05% | +1.88% | -22.28% | |
| 21 | XEL | Xcel Energy Inc | 股票-公用事業 | 2.03% | +2.67% | +6.12% | |
| 22 | SYK | Stryker CORP | 股票-醫療保健 | 1.83% | -1.14% | -21.16% | |
| 23 | KO | Coca-cola Co/the | 股票-非循環性消費 | 1.79% | -1.52% | +17.21% | |
| 24 | WEC | Wec Energy Group Inc | 股票-公用事業 | 1.77% | +1.34% | -1.24% | |
| 25 | NFLX | Netflix Inc | 股票-通訊服務 | 1.68% | -0.38% | -45.63% | |
| 26 | CCI | Crown Castle Inc | 股票-房地產 | 1.59% | +1.70% | +4.73% | |
| 27 | MDT | Medtronic plc | 股票-醫療保健 | 1.50% | -1.43% | — | |
| 28 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.42% | +1.09% | -20.88% | |
| 29 | CSX | Csx CORP | 股票-工業 | 1.39% | -0.03% | +3.65% | |
| 30 | LNT | Alliant Energy CORP | 股票-公用事業 | 1.24% | +1.50% | +802.78% | |
| 31 | NSC | Norfolk Southern CORP | 股票-工業 | 0.90% | +0.65% | -36.51% | |
| 32 | DG | Dollar General CORP | 股票-非循環性消費 | 0.84% | +0.39% | +85.82% | |
| 33 | UNP | Union Pacific CORP | 股票-工業 | 0.82% | +0.72% | — | |
| 34 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.70% | -0.51% | +44.78% | |
| 35 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 0.70% | +0.14% | +29.70% | |
| 36 | ZBH | Zimmer Biomet Holdings Inc | 股票-醫療保健 | 0.70% | +0.45% | +18.63% | |
| 37 | USB | US Bancorp | 股票-金融 | 0.64% | — | +16.43% | |
| 38 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 0.63% | +0.66% | +781.57% | |
| 39 | NEE | Nextera Energy Inc | 股票-公用事業 | 0.47% | +0.54% | +12.77% | |
| 40 | AEP | American Electric Power | 股票-公用事業 | 0.46% | +0.57% | +7.04% | |
| 41 | SO | Southern Co/the | 股票-公用事業 | 0.45% | +0.59% | +13.78% | |
| 42 | EXC | Exelon CORP | 股票-公用事業 | 0.45% | +0.51% | +10.01% | |
| 43 | DUK | Duke Energy CORP | 股票-公用事業 | 0.44% | +0.57% | +7.92% | |
| 44 | PEG | Public Service Enterprise Gp | 股票-公用事業 | 0.39% | +0.45% | +12.05% | |
| 45 | ETR | Entergy CORP | 股票-公用事業 | 0.39% | +0.56% | +17.25% | |
| 46 | ED | Consolidated Edison Inc | 股票-公用事業 | 0.35% | +0.45% | +7.47% | |
| 47 | DTE | Dte Energy Company | 股票-公用事業 | 0.28% | +0.35% | +17.94% | |
| 48 | AEE | Ameren Corporation | 股票-公用事業 | 0.28% | +0.34% | +7.53% | |
| 49 | AWK | American Water Works Co Inc | 股票-公用事業 | 0.28% | +0.28% | +12.85% | |
| 50 | ATO | Atmos Energy CORP | 股票-公用事業 | 0.26% | +0.29% | +12.30% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | EVRG | Evergy Inc | +2.1% | +3.38% | 加碼 |
| 2 | CME | Cme Group Inc | +2.1% | +32.83% | 加碼 |
| 3 | TSM | Taiwan Semiconductor-sp Adr | +1.3% | -21.78% | 減碼 |
| 4 | LNT | Alliant Energy CORP | +1.1% | +802.78% | 加碼 |
| 5 | ES | Eversource Energy | +1.1% | +6.54% | 加碼 |
| 6 | KO | Coca-cola Co/the | +0.9% | +17.21% | 加碼 |
| 7 | AMZN | Amazon.com Inc | +0.7% | -6.20% | 減碼 |
| 8 | USB | US Bancorp | +0.6% | +16.43% | 加碼 |
| 9 | PG | Procter & Gamble Co/the | +0.6% | -4.25% | 加碼 |
| 10 | TMO | Thermo Fisher Scientific Inc | +0.6% | +781.57% | 加碼 |
| 11 | YUM | Yum! Brands Inc | +0.6% | -7.48% | 加碼 |
| 12 | XEL | Xcel Energy Inc | +0.3% | +6.12% | 加碼 |
| 13 | BRK-B | Berkshire Hathaway Inc-cl B | +0.2% | +44.78% | 加碼 |
| 14 | DG | Dollar General CORP | +0.2% | +85.82% | 加碼 |
| 15 | SRE | Sempra | +0.2% | -0.87% | 減碼 |
| 16 | CSX | Csx CORP | +0.1% | +3.65% | 減碼 |
| 17 | NEE | Nextera Energy Inc | +0.1% | +12.77% | 加碼 |
| 18 | ZBH | Zimmer Biomet Holdings Inc | +0.1% | +18.63% | 加碼 |
| 19 | SO | Southern Co/the | +0.1% | +13.78% | 加碼 |
| 20 | ETR | Entergy CORP | +0.1% | +17.25% | 加碼 |
| 21 | AEP | American Electric Power | +0.1% | +7.04% | 加碼 |
| 22 | PEG | Public Service Enterprise Gp | +0.1% | +12.05% | 加碼 |
| 23 | DUK | Duke Energy CORP | +0.1% | +7.92% | 加碼 |
| 24 | CNP | Centerpoint Energy Inc | +0.1% | +19.10% | 加碼 |
| 25 | PPL | Ppl CORP | +0.1% | +21.41% | 加碼 |
| 26 | ATO | Atmos Energy CORP | 0% | +12.30% | 加碼 |
| 27 | AEE | Ameren Corporation | 0% | +7.53% | 加碼 |
| 28 | EXC | Exelon CORP | 0% | +10.01% | 加碼 |
| 29 | DTE | Dte Energy Company | 0% | +17.94% | 加碼 |
| 30 | FE | Firstenergy CORP | 0% | +9.19% | 加碼 |
| 31 | BKNG | Booking Holdings Inc | 0% | +29.70% | 減碼 |
| 32 | CMS | Cms Energy CORP | 0% | +19.42% | 加碼 |
| 33 | NI | Nisource Inc | 0% | +7.49% | 加碼 |
| 34 | SPGI | S&p Global Inc | 0% | +71.76% | 加碼 |
| 35 | ED | Consolidated Edison Inc | 0% | +7.47% | 加碼 |
| 36 | IDA | Idacorp Inc | 0% | +9.50% | 加碼 |
| 37 | BKH | Black Hills CORP | 0% | +5.61% | 加碼 |
| 38 | WTRG | Essential Utilities Inc | — | +7.36% | 加碼 |
| 39 | OGS | One Gas Inc | — | +8.93% | 加碼 |
| 40 | OGE | Oge Energy CORP | — | +7.43% | 加碼 |
| 41 | TXNM | Txnm Energy Inc | — | +6.08% | 加碼 |
| 42 | MDLZ | Mondelez International Inc-a | — | +17.65% | 加碼 |
| 43 | SR | Spire Inc | — | +5.82% | 加碼 |
| 44 | AEBA | Allete Inc | — | +6.99% | 加碼 |
| 45 | CPK | Chesapeake Utilities CORP | — | +2.22% | 加碼 |
| 46 | MSEX | Middlesex Water Co | — | +2.99% | 加碼 |
| 47 | HTO | H2o America | — | +3.99% | 加碼 |
| 48 | AWK | American Water Works Co Inc | — | +12.85% | 加碼 |
| 49 | NWN | Northwest Natural Holding Co | — | +2.60% | 加碼 |
| 50 | NWE | Northwestern Energy Group In | — | +4.78% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Magellan Asset Management Ltd 在 Q3 2025 季度的美股持倉總市值約為 US$44.7億，共申報了 82 個公開持股部位。
在 Q3 2025 季度，Magellan Asset Management Ltd 按市值排列的前三大核心持股分別為：AMZN (7.7%)、MSFT (7.5%)、ES (6.2%)。其中最大持股部位 AMZN 佔據整體投資組合約 7.7% 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。
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市值: US$1.9億
本季最大獲利了結 / 清倉標的
AAPL
前期市值: US$2.1億
在 Q3 2025 季度中，Magellan Asset Management Ltd 共進行了 91 項持倉異動，包含新建倉 4 個部位、加碼 55 個部位、減碼 23 個部位以及清倉 9 個部位。 其中最大新建倉標的為 MSCI。 本季清倉部位包含 AAPL。
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。