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: 0001393389
申報總市值
US$7.7億
US$7.7億
1342 檔
33.8%
Q4 2025 季度申報顯示，Manchester Capital Management LLC 揭露的美股組合總市值為 US$7.7億，涵蓋 1342 個不同之權益投資部位。
Manchester Capital Management LLC 在 Q4 2025 的調整主要集中於風險出清，清倉與減碼部位合計達 118 檔，反映機構對當前市場環境或個別公司估值採取較為保留之看法。
檢視投資組合結構，前 5 大主力部位（包含 SPY, AAPL, UPS）占據了總市值的 33.8%，展現出該機構在 Q4 2025 的重點資金聚焦與風險分佈特徵。
僅顯示前 200 大持股（共 1342 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 | 15.23% | +0.53% | -0.37% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 8.90% | +0.28% | -0.80% | |
| 3 | UPS | United Parcel Service-cl B | 股票-工業 | 4.61% | -1.20% | -10.59% | |
| 4 | AMZN | Amazon.com Inc | 股票-循環性消費 | 3.45% | +0.12% | +4.87% | |
| 5 | VOO | Vanguard S&p 500 ETF | ETF-大型股與成長 | 3.12% | +0.21% | -5.43% | |
| 6 | FTAI | FTAI Aviation Ltd. | 股票-工業 | 2.70% | -2.96% | -5.69% | |
| 7 | MSFT | Microsoft CORP | 股票-科技 | 2.59% | -0.17% | +9.15% | |
| 8 | NVDA | Nvidia CORP | 股票-科技 | 2.49% | +0.09% | +20.17% | |
| 9 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 2.46% | +0.27% | +8.89% | |
| 10 | DSI | Ishares Esg Msci Kld 400 ETF | ETF-其他 | 2.43% | +0.02% | +2.71% | |
| 11 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 2.12% | +0.26% | +2.23% | |
| 12 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.89% | -0.12% | -0.52% | |
| 13 | VO | Vanguard Mid-cap ETF | ETF-其他 | 1.32% | +0.02% | -1.19% | |
| 14 | VTV | Vanguard Value ETF | ETF-其他 | 1.30% | -0.10% | -0.72% | |
| 15 | TSLA | Tesla Inc | 股票-循環性消費 | 1.13% | +0.08% | +52.62% | |
| 16 | XLK | Ss Technology Select Sector | ETF-科技型 | 1.02% | +0.28% | +92.82% | |
| 17 | OEF | Ishares S&p 100 ETF | ETF-其他 | 0.99% | +0.04% | — | |
| 18 | ORCL | Oracle CORP | 股票-科技 | 0.96% | -0.08% | +0.35% | |
| 19 | VGT | Vanguard Info Tech ETF | ETF-科技型 | 0.87% | +0.11% | -4.21% | |
| 20 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 0.73% | +0.05% | +7.42% | |
| 21 | BRK-A | Berkshire Hathaway Inc-cl A | 股票-其他 | 0.72% | -0.04% | -30.00% | |
| 22 | VT | Vanguard Tot World Stk ETF | ETF-其他 | 0.69% | +0.01% | -2.41% | |
| 23 | VB | Vanguard Small-cap ETF | ETF-其他 | 0.66% | -0.03% | -2.71% | |
| 24 | VYM | Vanguard High Dvd Yield ETF | ETF-其他 | 0.65% | -0.19% | +3.26% | |
| 25 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.63% | -0.05% | +3.80% | |
| 26 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.61% | +0.01% | +16.05% | |
| 27 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.59% | +0.03% | -4.97% | |
| 28 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.56% | +0.10% | +7.68% | |
| 29 | VNQ | Vanguard Real Estate ETF | ETF-其他 | 0.54% | +0.02% | +6.78% | |
| 30 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.52% | -0.02% | +0.65% | |
| 31 | VGSH | Vanguard Short-term Treasury | ETF-政府公債 | 0.51% | +0.05% | +19.36% | |
| 32 | BDX | Becton Dickinson And Co | 股票-醫療保健 | 0.50% | -0.05% | +3.94% | |
| 33 | WMT | Walmart Inc | 股票-非循環性消費 | 0.50% | -0.10% | +0.45% | |
| 34 | HD | Home Depot Inc | 股票-循環性消費 | 0.49% | -0.01% | -0.85% | |
| 35 | APH | Amphenol Corp-cl A | 股票-科技 | 0.46% | +0.12% | +1.54% | |
| 36 | AVGO | Broadcom Inc | 股票-科技 | 0.46% | +0.05% | -0.36% | |
| 37 | VEA | Vanguard Ftse Developed ETF | ETF-其他 | 0.46% | +0.04% | +2.13% | |
| 38 | QCOM | Qualcomm Inc | 股票-科技 | 0.44% | +0.11% | -11.63% | |
| 39 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.43% | -0.07% | +20.31% | |
| 40 | VWO | Vanguard Ftse Emerging Marke | ETF-新興市場 | 0.43% | +0.03% | -1.59% | |
| 41 | VTI | Vanguard Total Stock Mkt ETF | ETF-其他 | 0.42% | -0.02% | -2.63% | |
| 42 | V | Visa Inc-class A Shares | 股票-金融 | 0.36% | +0.01% | +20.57% | |
| 43 | GLD | Spdr Gold Shares | ETF-避險與商品 | 0.36% | -0.07% | -1.85% | |
| 44 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.34% | -0.03% | +8.11% | |
| 45 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.34% | -0.08% | +4.35% | |
| 46 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 0.33% | — | -20.63% | |
| 47 | ABT | Abbott Laboratories | 股票-醫療保健 | 0.31% | -0.08% | -7.92% | |
| 48 | RKT | Rocket Cos Inc-class A | 股票-金融 | 0.31% | — | +0.53% | |
| 49 | MA | Mastercard Inc - A | 股票-金融 | 0.30% | -0.04% | +9.71% | |
| 50 | IWD | Ishares Russell 1000 Value E | ETF-其他 | 0.30% | — | -3.95% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | GOOG | Alphabet Inc-cl C | +0.7% | +8.89% | 加碼 |
| 2 | AAPL | Apple Inc | +0.5% | -0.80% | 減碼 |
| 3 | GOOGL | Alphabet Inc-cl A | +0.5% | +2.23% | 加碼 |
| 4 | NVDA | Nvidia CORP | +0.4% | +20.17% | 加碼 |
| 5 | TSLA | Tesla Inc | +0.4% | +52.62% | 加碼 |
| 6 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.4% | -0.37% | 減碼 |
| 7 | AMZN | Amazon.com Inc | +0.3% | +4.87% | 加碼 |
| 8 | UPS | United Parcel Service-cl B | +0.3% | -10.59% | 減碼 |
| 9 | FTAI | FTAI Aviation Ltd. | +0.3% | -5.69% | 減碼 |
| 10 | LLY | Eli Lilly & Co | +0.2% | +7.68% | 加碼 |
| 11 | DSI | Ishares Esg Msci Kld 400 ETF | +0.1% | +2.71% | 加碼 |
| 12 | MRK | Merck & Co. Inc. | +0.1% | +0.65% | 加碼 |
| 13 | JPM | Jpmorgan Chase & Co | +0.1% | +16.05% | 加碼 |
| 14 | JNJ | Johnson & Johnson | +0.1% | +3.80% | 加碼 |
| 15 | VGSH | Vanguard Short-term Treasury | +0.1% | +19.36% | 加碼 |
| 16 | ISRG | Intuitive Surgical Inc | +0.1% | +52.94% | 加碼 |
| 17 | ASML | ASML Holding N.V. | +0.1% | +800.00% | 加碼 |
| 18 | V | Visa Inc-class A Shares | +0.1% | +20.57% | 加碼 |
| 19 | IWM | Ishares Russell 2000 ETF | +0.1% | +7.42% | 加碼 |
| 20 | MSFT | Microsoft CORP | +0.1% | +9.15% | 加碼 |
| 21 | CSCO | Cisco Systems Inc | +0.1% | +8.53% | 加碼 |
| 22 | SYK | Stryker CORP | +0.1% | +46.44% | 加碼 |
| 23 | COST | Costco Wholesale CORP | +0.1% | +20.31% | 加碼 |
| 24 | NFLX | Netflix Inc | +0.1% | +1890.49% | 加碼 |
| 25 | APH | Amphenol Corp-cl A | +0.1% | +1.54% | 加碼 |
| 26 | IEMG | Ishares Core Msci Emerging | 0% | +51.33% | 加碼 |
| 27 | ACN | Accenture plc | 0% | +42.74% | 加碼 |
| 28 | WMT | Walmart Inc | 0% | +0.45% | 加碼 |
| 29 | COP | Conocophillips | 0% | +192.57% | 加碼 |
| 30 | DE | Deere & Co | 0% | +52.89% | 加碼 |
| 31 | AXP | American Express Co | 0% | +7.95% | 加碼 |
| 32 | PEP | Pepsico Inc | 0% | +19.53% | 加碼 |
| 33 | SHOP | Shopify Inc - Class A | 0% | +8.38% | 加碼 |
| 34 | GLD | Spdr Gold Shares | 0% | -1.85% | 減碼 |
| 35 | KLAC | Kla CORP | 0% | +116.86% | 加碼 |
| 36 | BDX | Becton Dickinson And Co | 0% | +3.94% | 加碼 |
| 37 | GWW | Ww Grainger Inc | 0% | +19.92% | 加碼 |
| 38 | AZNN | Astrazeneca Plc-spons Adr | 0% | +2851.09% | 加碼 |
| 39 | ROST | Ross Stores Inc | 0% | +111.86% | 加碼 |
| 40 | TMO | Thermo Fisher Scientific Inc | 0% | +5.29% | 加碼 |
| 41 | VYM | Vanguard High Dvd Yield ETF | 0% | +3.26% | 加碼 |
| 42 | BAC | Bank Of America CORP | 0% | +19.42% | 加碼 |
| 43 | OEF | Ishares S&p 100 ETF | 0% | — | 不變 |
| 44 | CINF | Cincinnati Financial CORP | 0% | +118.34% | 加碼 |
| 45 | NVS | Novartis Ag-sponsored Adr | 0% | +327.29% | 加碼 |
| 46 | VEA | Vanguard Ftse Developed ETF | 0% | +2.13% | 加碼 |
| 47 | MA | Mastercard Inc - A | 0% | +9.71% | 加碼 |
| 48 | LIN | Linde plc | 0% | +79.74% | 加碼 |
| 49 | WAT | Waters CORP | 0% | +126.54% | 加碼 |
| 50 | BKNG | Booking Holdings Inc | 0% | +9.80% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Manchester Capital Management LLC 在 Q4 2025 季度的美股持倉總市值約為 US$7.7億，共申報了 1342 個公開持股部位。
在 Q4 2025 季度，Manchester Capital Management LLC 按市值排列的前三大核心持股分別為：SPY (15.2%)、AAPL (8.9%)、UPS (4.6%)。其中最大持股部位 SPY 佔據整體投資組合約 15.2% 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
VCIT
市值: US$145.8萬
本季最大獲利了結 / 清倉標的
IBIT
前期市值: US$115.5萬
在 Q4 2025 季度中，Manchester Capital Management LLC 共進行了 197 項持倉異動，包含新建倉 12 個部位、加碼 67 個部位、減碼 95 個部位以及清倉 23 個部位。 其中最大新建倉標的為 VCIT。 本季清倉部位包含 IBIT。
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。