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: 0000062039
申報總市值
US$78.0億
US$78.0億
450 檔
18.4%
截至 Q3 2025 季度末，Manning & Napier Advisors LLC 的美股持倉估值約為 US$78.0億，全數申報部位共有 450 檔。
Manning & Napier Advisors LLC 在 Q3 2025 的調整主要集中於風險出清，清倉與減碼部位合計達 122 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 MSFT, UNH, TSM）占據了總市值的 18.4%，展現出該機構在 Q3 2025 的重點資金聚焦與風險分佈特徵。
僅顯示前 200 大持股（共 450 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 | MSFT | Microsoft CORP | 股票-科技 | 4.26% | -0.72% | -4.02% | |
| 2 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 3.81% | +0.50% | +40.17% | |
| 3 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 3.53% | +0.09% | +30.20% | |
| 4 | NVDA | Nvidia CORP | 股票-科技 | 3.49% | -0.59% | +11.00% | |
| 5 | CDNS | Cadence Design Sys Inc | 股票-科技 | 3.22% | -0.65% | -2.30% | |
| 6 | AMZN | Amazon.com Inc | 股票-循環性消費 | 3.17% | -0.60% | -6.83% | |
| 7 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 3.04% | +0.14% | -31.41% | |
| 8 | LHX | L3harris Technologies Inc | 股票-工業 | 2.94% | -0.10% | -5.73% | |
| 9 | MA | Mastercard Inc - A | 股票-金融 | 2.89% | -0.30% | -4.55% | |
| 10 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.85% | -0.44% | -4.70% | |
| 11 | NOW | Servicenow Inc | 股票-科技 | 2.60% | -0.03% | +36.98% | |
| 12 | VRTX | Vertex Pharmaceuticals Inc | 股票-醫療保健 | 2.39% | -1.38% | +103.28% | |
| 13 | V | Visa Inc-class A Shares | 股票-金融 | 2.03% | -0.01% | -5.40% | |
| 14 | CBRE | Cbre Group Inc - A | 股票-房地產 | 1.80% | -0.15% | -17.57% | |
| 15 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 1.80% | -0.01% | -6.87% | |
| 16 | SQM | Quimica Y Minera Chil-sp Adr | 股票-其他 | 1.79% | -0.02% | +6.30% | |
| 17 | ALB | Albemarle CORP | 股票-原物料 | 1.77% | -0.03% | — | |
| 18 | AZNN | Astrazeneca Plc-spons Adr | 股票-其他 | 1.72% | — | -18.13% | |
| 19 | RACE | Ferrari N.V. | 股票-循環性消費 | 1.69% | — | +1.97% | |
| 20 | WDAY | Workday Inc-class A | 股票-科技 | 1.59% | -0.01% | -2.29% | |
| 21 | MCO | Moody's CORP | 股票-金融 | 1.59% | -0.09% | -5.29% | |
| 22 | KO | Coca-cola Co/the | 股票-非循環性消費 | 1.58% | — | -25.32% | |
| 23 | BSY | Bentley Systems Inc-class B | 股票-科技 | 1.56% | -0.63% | — | |
| 24 | TRU | Transunion | 股票-金融 | 1.55% | -1.23% | -5.53% | |
| 25 | HDB | Hdfc Bank Ltd-adr | 股票-金融 | 1.51% | — | +100.92% | |
| 26 | WFG | West Fraser Timber Co LTD | 股票-其他 | 1.45% | -0.40% | +91.63% | |
| 27 | ISRG | Intuitive Surgical Inc | 股票-醫療保健 | 1.37% | -0.01% | -3.77% | |
| 28 | SPGI | S&p Global Inc | 股票-金融 | 1.16% | -0.01% | -4.62% | |
| 29 | NU | Nu Holdings Ltd. | 股票-金融 | 1.12% | — | -3.60% | |
| 30 | VOO | Vanguard S&p 500 ETF | ETF-大型股與成長 | 1.10% | +0.10% | +2.28% | |
| 31 | GSK | Gsk Plc-spon Adr | 股票-醫療保健 | 1.02% | +0.01% | +910.17% | |
| 32 | APH | Amphenol Corp-cl A | 股票-科技 | 1.00% | +0.10% | -36.25% | |
| 33 | TEAM | Atlassian Corp-cl A | 股票-科技 | 1.00% | -0.35% | +55.42% | |
| 34 | SBS | Cia Saneamento Basico De-adr | 股票-其他 | 0.98% | -1.02% | +444.79% | |
| 35 | ROL | Rollins Inc | 股票-循環性消費 | 0.98% | -0.32% | +1.92% | |
| 36 | NDAQ | Nasdaq Inc | 股票-金融 | 0.97% | -0.16% | -5.74% | |
| 37 | TJX | Tjx Companies Inc | 股票-循環性消費 | 0.96% | +0.31% | — | |
| 38 | MELI | Mercadolibre Inc | 股票-循環性消費 | 0.87% | -0.30% | -1.66% | |
| 39 | SHW | Sherwin-williams Co/the | 股票-原物料 | 0.87% | -0.77% | -6.13% | |
| 40 | ICE | Intercontinental Exchange In | 股票-金融 | 0.82% | -0.71% | +0.00% | |
| 41 | HEI-A | Heico Corp-class A | 股票-其他 | 0.79% | +0.40% | -48.05% | |
| 42 | BLK | Blackrock Inc | 股票-金融 | 0.78% | -0.20% | -53.82% | |
| 43 | CWAN | Clearwater Analytics Holdings, Inc. | 股票-科技 | 0.74% | -0.01% | EXIT | |
| 44 | SPTI | Ss Spdr P Int Term Tsy ETF | ETF-其他 | 0.73% | +0.08% | +8.12% | |
| 45 | CRM | Salesforce Inc | 股票-科技 | 0.72% | — | -4.02% | |
| 46 | ZTS | Zoetis Inc | 股票-醫療保健 | 0.72% | — | -4.24% | |
| 47 | MUB | Ishares National Muni Bond E | ETF-其他 | 0.66% | -0.04% | -4.44% | |
| 48 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.55% | -0.02% | -68.19% | |
| 49 | VEA | Vanguard Ftse Developed ETF | ETF-其他 | 0.43% | — | +0.95% | |
| 50 | BND | Vanguard Total Bond Market | ETF-其他 | 0.40% | +0.03% | -4.51% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | UNH | Unitedhealth Group Inc | +3.4% | +40.17% | 加碼 |
| 2 | NVDA | Nvidia CORP | +1.9% | +11.00% | 加碼 |
| 3 | LHX | L3harris Technologies Inc | +1.4% | -5.73% | 加碼 |
| 4 | CDNS | Cadence Design Sys Inc | +1.2% | -2.30% | 加碼 |
| 5 | VRTX | Vertex Pharmaceuticals Inc | +1% | +103.28% | 加碼 |
| 6 | TSM | Taiwan Semiconductor-sp Adr | +1% | +30.20% | 減碼 |
| 7 | MSFT | Microsoft CORP | +1% | -4.02% | 減碼 |
| 8 | GSK | Gsk Plc-spon Adr | +0.9% | +910.17% | 加碼 |
| 9 | SHW | Sherwin-williams Co/the | +0.8% | -6.13% | 加碼 |
| 10 | ALB | Albemarle CORP | +0.7% | — | 加碼 |
| 11 | NOW | Servicenow Inc | +0.7% | +36.98% | 加碼 |
| 12 | WFG | West Fraser Timber Co LTD | +0.6% | +91.63% | 加碼 |
| 13 | SQM | Quimica Y Minera Chil-sp Adr | +0.6% | +6.30% | 加碼 |
| 14 | CRM | Salesforce Inc | +0.5% | -4.02% | 加碼 |
| 15 | ISRG | Intuitive Surgical Inc | +0.4% | -3.77% | 加碼 |
| 16 | AMZN | Amazon.com Inc | +0.4% | -6.83% | 減碼 |
| 17 | MCO | Moody's CORP | +0.3% | -5.29% | 加碼 |
| 18 | SPGI | S&p Global Inc | +0.3% | -4.62% | 加碼 |
| 19 | GOOGL | Alphabet Inc-cl A | +0.2% | -31.41% | 減碼 |
| 20 | TEAM | Atlassian Corp-cl A | +0.2% | +55.42% | 加碼 |
| 21 | SGOV | Ishares 0-3 Month Treasury B | +0.2% | +4.74% | 加碼 |
| 22 | NDAQ | Nasdaq Inc | +0.2% | -5.74% | 加碼 |
| 23 | SPTI | Ss Spdr P Int Term Tsy ETF | +0.2% | +8.12% | 加碼 |
| 24 | ROL | Rollins Inc | +0.1% | +1.92% | 加碼 |
| 25 | MRK | Merck & Co. Inc. | +0.1% | -27.65% | 加碼 |
| 26 | VOO | Vanguard S&p 500 ETF | +0.1% | +2.28% | 減碼 |
| 27 | NEM | Newmont CORP | +0.1% | -29.42% | 加碼 |
| 28 | SCCO | Southern Copper CORP | +0.1% | -25.93% | 加碼 |
| 29 | PGR | Progressive CORP | +0.1% | -27.21% | 加碼 |
| 30 | VTI | Vanguard Total Stock Mkt ETF | +0.1% | -1.56% | 加碼 |
| 31 | VMBS | Vanguard Mortgage-backed Sec | +0.1% | +4.85% | 加碼 |
| 32 | EQH | Equitable Holdings Inc | +0.1% | +126.67% | 加碼 |
| 33 | LBRT | Liberty Energy Inc | +0.1% | +199.95% | 加碼 |
| 34 | USHY | Ishares Broad Usd High Yield | +0.1% | -74.00% | 加碼 |
| 35 | ET | Energy Transfer LP | +0.1% | +30.43% | 加碼 |
| 36 | VGLT | Vanguard Long-term Treasury | +0.1% | +17.78% | 加碼 |
| 37 | SPTS | Ss Spdr P St Term Tsy ETF | +0.1% | +16.55% | 加碼 |
| 38 | SHEL | Shell Plc-adr | +0.1% | -5.23% | 加碼 |
| 39 | FCX | Freeport-mcmoran Inc | +0.1% | -27.49% | 加碼 |
| 40 | COF | Capital One Financial CORP | +0.1% | -16.94% | 加碼 |
| 41 | OWL | Blue Owl Capital Inc | +0.1% | +57.89% | 加碼 |
| 42 | SDA | Sealed Air CORP | 0% | +130.27% | 加碼 |
| 43 | O | Realty Income CORP | 0% | +62.05% | 加碼 |
| 44 | KR | Kroger Co | 0% | -28.50% | 加碼 |
| 45 | VWO | Vanguard Ftse Emerging Marke | 0% | +3.55% | 減碼 |
| 46 | VEA | Vanguard Ftse Developed ETF | 0% | +0.95% | 減碼 |
| 47 | OC | Owens Corning | 0% | +332.28% | 加碼 |
| 48 | EMR | Emerson Electric Co | 0% | -47.36% | 加碼 |
| 49 | VCIT | Vanguard Int-term Corporate | 0% | +24.72% | 加碼 |
| 50 | VTRS | Viatris Inc | 0% | -0.00% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Manning & Napier Advisors LLC 在 Q3 2025 季度的美股持倉總市值約為 US$78.0億，共申報了 450 個公開持股部位。
在 Q3 2025 季度，Manning & Napier Advisors LLC 按市值排列的前三大核心持股分別為：MSFT (4.3%)、UNH (3.8%)、TSM (3.5%)。其中最大持股部位 MSFT 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
RACE
市值: US$1.3億
本季最大獲利了結 / 清倉標的
EMLC
前期市值: US$2267.6萬
在 Q3 2025 季度中，Manning & Napier Advisors LLC 共進行了 200 項持倉異動，包含新建倉 31 個部位、加碼 47 個部位、減碼 108 個部位以及清倉 14 個部位。 其中最大新建倉標的為 RACE。 本季清倉部位包含 EMLC。
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。