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: 0000928047
申報總市值
US$1281.5億
US$1281.5億
2850 檔
15.4%
在 Q4 2025 的 13F 官方備案中，Manufacturers Life Insurance Company, THE 管理的美股投資組合規模來到 US$1281.5億，整體持股檔數為 2850 檔。
在 Q4 2025 期間，Manufacturers Life Insurance Company, THE 展現了靈活的資產再平衡步調，透過出清 7 檔弱勢或達到目標價部位，將資金轉置於 10 檔新建倉標的之中。
從部位權重觀察，前 5 大標的（包含 MSFT, NVDA, AMZN）累計市值佔比達 15.4%，是驅動 Manufacturers Life Insurance Company, THE 該季度整體投資組合績效表現的核心支柱。
僅顯示前 200 大持股（共 2850 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 | 4.30% | -0.43% | +10.90% | |
| 2 | NVDA | Nvidia CORP | 股票-科技 | 3.22% | +0.08% | +0.79% | |
| 3 | AMZN | Amazon.com Inc | 股票-循環性消費 | 3.15% | -0.06% | -0.62% | |
| 4 | AAPL | Apple Inc | 股票-科技 | 2.80% | -0.16% | -7.73% | |
| 5 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 2.78% | +0.01% | -17.58% | |
| 6 | RY | Royal Bank Of Canada | 股票-金融 | 1.67% | +0.11% | +2.11% | |
| 7 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.40% | -0.21% | +12.05% | |
| 8 | TD | Toronto-dominion Bank | 股票-金融 | 1.32% | +0.24% | +10.59% | |
| 9 | AVGO | Broadcom Inc | 股票-科技 | 1.25% | +0.49% | -1.65% | |
| 10 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.24% | +0.11% | -10.99% | |
| 11 | SHOP | Shopify Inc - Class A | 股票-科技 | 1.03% | -0.14% | -4.31% | |
| 12 | TSLA | Tesla Inc | 股票-循環性消費 | 0.90% | -0.01% | +1.61% | |
| 13 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.83% | +0.12% | -1.40% | |
| 14 | CNQ | Canadian Natural Resources | 股票-能源 | 0.81% | -0.30% | -4.71% | |
| 15 | BND | Vanguard Total Bond Market | ETF-其他 | 0.78% | -0.02% | -5.18% | |
| 16 | KKR | Kkr & Co Inc | 股票-金融 | 0.74% | — | +10.99% | |
| 17 | VOO | Vanguard S&p 500 ETF | ETF-大型股與成長 | 0.74% | +0.02% | +3.52% | |
| 18 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 0.73% | -0.08% | -14.58% | |
| 19 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.69% | -0.01% | +0.21% | |
| 20 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 0.69% | +0.02% | -0.24% | |
| 21 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.68% | -0.07% | -4.05% | |
| 22 | LNG | Cheniere Energy Inc | 股票-能源 | 0.67% | -0.41% | -10.00% | |
| 23 | CM | Can Imperial Bk Of Commerce | 股票-金融 | 0.66% | +0.05% | +23.97% | |
| 24 | ELV | Elevance Health Inc | 股票-醫療保健 | 0.66% | -0.06% | +2.78% | |
| 25 | MCK | Mckesson CORP | 股票-醫療保健 | 0.65% | -0.09% | -3.40% | |
| 26 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.64% | +0.07% | -8.80% | |
| 27 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.64% | -0.01% | +2.40% | |
| 28 | CP | Canadian Pacific Kansas City | 股票-工業 | 0.63% | -0.04% | -0.70% | |
| 29 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 0.61% | +0.18% | +0.33% | |
| 30 | SU | Suncor Energy Inc | 股票-能源 | 0.61% | -0.20% | -26.19% | |
| 31 | VEA | Vanguard Ftse Developed ETF | ETF-其他 | 0.59% | +0.02% | -0.51% | |
| 32 | HO1 | Hologic Inc | 股票-其他 | 0.58% | -0.01% | EXIT | |
| 33 | CRM | Salesforce Inc | 股票-科技 | 0.56% | -0.17% | -1.42% | |
| 34 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.56% | +0.01% | +1.01% | |
| 35 | V | Visa Inc-class A Shares | 股票-金融 | 0.54% | +0.14% | +7.49% | |
| 36 | B | Barrick Mining CORP | 股票-原物料 | 0.53% | -0.09% | +72.96% | |
| 37 | AEM | Agnico Eagle Mines LTD | 股票-原物料 | 0.52% | -0.24% | -8.33% | |
| 38 | LEN | Lennar Corp-a | 股票-循環性消費 | 0.51% | +0.02% | -6.99% | |
| 39 | WDAY | Workday Inc-class A | 股票-科技 | 0.49% | -0.07% | +4.37% | |
| 40 | URI | United Rentals Inc | 股票-工業 | 0.48% | +0.14% | -14.79% | |
| 41 | WMT | Walmart Inc | 股票-非循環性消費 | 0.47% | -0.11% | +0.06% | |
| 42 | ADBE | Adobe Inc | 股票-科技 | 0.47% | -0.22% | -3.94% | |
| 43 | TXN | Texas Instruments Inc | 股票-科技 | 0.46% | -0.03% | -4.59% | |
| 44 | DHR | Danaher CORP | 股票-醫療保健 | 0.44% | -0.04% | -12.83% | |
| 45 | ENB | Enbridge Inc | 股票-能源 | 0.44% | -0.03% | -49.52% | |
| 46 | JHEM | John Hancock Multi Em Mrk Et | ETF-其他 | 0.44% | +0.12% | -4.32% | |
| 47 | SYK | Stryker CORP | 股票-醫療保健 | 0.43% | -0.01% | +17.00% | |
| 48 | BNS | Bank Of Nova Scotia | 股票-金融 | 0.42% | — | +27.55% | |
| 49 | ACN | Accenture plc | 股票-科技 | 0.42% | -0.13% | +72.67% | |
| 50 | MDT | Medtronic plc | 股票-醫療保健 | 0.42% | -0.07% | +1.73% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | TD | Toronto-dominion Bank | +0.3% | +10.59% | 加碼 |
| 2 | B | Barrick Mining CORP | +0.3% | +72.96% | 加碼 |
| 3 | FSV | Firstservice CORP | +0.3% | +493.44% | 加碼 |
| 4 | RY | Royal Bank Of Canada | +0.3% | +2.11% | 加碼 |
| 5 | LLY | Eli Lilly & Co | +0.3% | -10.99% | 減碼 |
| 6 | ACN | Accenture plc | +0.2% | +72.67% | 加碼 |
| 7 | CM | Can Imperial Bk Of Commerce | +0.2% | +23.97% | 加碼 |
| 8 | CCI | Crown Castle Inc | +0.2% | +121.60% | 加碼 |
| 9 | GOOG | Alphabet Inc-cl C | +0.2% | -1.40% | 減碼 |
| 10 | AMT | American Tower CORP | +0.2% | +107.78% | 加碼 |
| 11 | GOOGL | Alphabet Inc-cl A | +0.2% | -17.58% | 減碼 |
| 12 | MSFT | Microsoft CORP | +0.2% | +10.90% | 加碼 |
| 13 | TU | Telus CORP | +0.2% | +258.28% | 加碼 |
| 14 | AMZN | Amazon.com Inc | +0.1% | -0.62% | 減碼 |
| 15 | EWC | Ishares Msci Canada ETF | +0.1% | +1675.52% | 加碼 |
| 16 | BNS | Bank Of Nova Scotia | +0.1% | +27.55% | 加碼 |
| 17 | SHY | Ishares 1-3 Year Treasury Bo | +0.1% | +534.24% | 加碼 |
| 18 | FTV | Fortive CORP | +0.1% | +69.96% | 加碼 |
| 19 | MRSH | Marsh & Mclennan Cos | +0.1% | +107.44% | 加碼 |
| 20 | AMGN | Amgen Inc | +0.1% | +27.96% | 加碼 |
| 21 | EWJ | Ishares Msci Japan ETF | +0.1% | +511.51% | 加碼 |
| 22 | MU | Micron Technology Inc | +0.1% | -8.55% | 減碼 |
| 23 | TFII | Tfi International Inc | +0.1% | +231.28% | 加碼 |
| 24 | WM | Waste Management Inc | +0.1% | +241.39% | 加碼 |
| 25 | GIB | Cgi Inc | +0.1% | +78.38% | 加碼 |
| 26 | REGN | Regeneron Pharmaceuticals | +0.1% | +10.55% | 加碼 |
| 27 | RACE | Ferrari N.V. | +0.1% | +103.26% | 加碼 |
| 28 | CPRT | Copart Inc | +0.1% | +516.13% | 加碼 |
| 29 | GIL | Gildan Activewear Inc | +0.1% | +27.57% | 加碼 |
| 30 | JNJ | Johnson & Johnson | +0.1% | +2.40% | 加碼 |
| 31 | MA | Mastercard Inc - A | +0.1% | +24.23% | 加碼 |
| 32 | ELV | Elevance Health Inc | +0.1% | +2.78% | 加碼 |
| 33 | AMD | Advanced Micro Devices | +0.1% | -0.74% | 減碼 |
| 34 | KKR | Kkr & Co Inc | +0.1% | +10.99% | 加碼 |
| 35 | CVNA | Carvana Co | +0.1% | +48.98% | 加碼 |
| 36 | SCHW | Schwab (charles) CORP | +0.1% | +43.56% | 加碼 |
| 37 | ROP | Roper Technologies Inc | +0.1% | +67.09% | 加碼 |
| 38 | CRM | Salesforce Inc | +0.1% | -1.42% | 減碼 |
| 39 | V | Visa Inc-class A Shares | +0.1% | +7.49% | 加碼 |
| 40 | TSM | Taiwan Semiconductor-sp Adr | +0.1% | +0.33% | 加碼 |
| 41 | PAAS | Pan American Silver CORP | +0.1% | +24.00% | 加碼 |
| 42 | CAT | Caterpillar Inc | +0.1% | +17.19% | 加碼 |
| 43 | CNI | Canadian Natl Railway Co | +0.1% | +9.86% | 加碼 |
| 44 | CVE | Cenovus Energy Inc | +0.1% | +28.56% | 加碼 |
| 45 | EQX | Equinox Gold CORP | +0.1% | +163.40% | 加碼 |
| 46 | ISRG | Intuitive Surgical Inc | +0.1% | +1.73% | 加碼 |
| 47 | VRTX | Vertex Pharmaceuticals Inc | +0.1% | +9.32% | 加碼 |
| 48 | CFG | Citizens Financial Group | 0% | +66.52% | 加碼 |
| 49 | DIA | Ss Spdr Dow Jones Indus Avg | 0% | +112.66% | 加碼 |
| 50 | SYK | Stryker CORP | 0% | +17.00% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Manufacturers Life Insurance Company, THE 在 Q4 2025 季度的美股持倉總市值約為 US$1281.5億，共申報了 2850 個公開持股部位。
在 Q4 2025 季度，Manufacturers Life Insurance Company, THE 按市值排列的前三大核心持股分別為：MSFT (4.3%)、NVDA (3.2%)、AMZN (3.1%)。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
TTE
市值: US$1.4億
本季最大獲利了結 / 清倉標的
IVW
前期市值: US$3.5億
在 Q4 2025 季度中，Manufacturers Life Insurance Company, THE 共進行了 200 項持倉異動，包含新建倉 10 個部位、加碼 89 個部位、減碼 94 個部位以及清倉 7 個部位。 其中最大新建倉標的為 TTE。 本季清倉部位包含 IVW。
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。