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: 0001966011
申報總市值
US$2.6億
US$2.6億
93 檔
15.8%
Massachusetts Wealth Management 在 Q4 2025 季度的美股部位總計估值為 US$2.6億，分散於 93 個持倉標的之中，反映其市場參與廣度與投資規模。
觀察 Q4 2025 的資金脈絡，Massachusetts Wealth Management 在獲利結算 4 檔個股的同時，將資本重新部署至 1 檔新選標的，展現主動管理機構的輪動節奏。
從部位權重觀察，前 5 大標的（包含 XLK, JPST, JPM）累計市值佔比達 15.8%，是驅動 Massachusetts Wealth Management 該季度整體投資組合績效表現的核心支柱。
| # | 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 | XLK | Ss Technology Select Sector | ETF-科技型 | 5.66% | +0.93% | +96.21% | |
| 2 | JPST | Jpmorgan Ultra-short Income | ETF-其他 | 5.09% | -0.18% | +207.48% | |
| 3 | JPM | Jpmorgan Chase & Co | 股票-金融 | 2.99% | -0.07% | -2.15% | |
| 4 | C | Citigroup Inc | 股票-金融 | 2.78% | +0.20% | +0.28% | |
| 5 | XLI | Ss Industrial Select Sector | ETF-其他 | 2.75% | +0.06% | +1.14% | |
| 6 | AAPL | Apple Inc | 股票-科技 | 2.74% | -0.01% | -0.50% | |
| 7 | XLF | Ss Financial Select Sector | ETF-其他 | 2.65% | -0.06% | +1.63% | |
| 8 | VCSH | Vanguard S/t CORP Bond ETF | ETF-投資等級公司債 | 2.39% | -0.27% | +7.15% | |
| 9 | MSFT | Microsoft CORP | 股票-科技 | 2.17% | -0.17% | +0.20% | |
| 10 | GE | General Electric | 股票-工業 | 2.12% | +0.30% | +0.31% | |
| 11 | XOM | Exxon Mobil CORP | 股票-能源 | 2.02% | -0.97% | -3.00% | |
| 12 | BAC | Bank Of America CORP | 股票-金融 | 1.93% | +0.05% | +0.36% | |
| 13 | GEV | GE Vernova Inc | 股票-工業 | 1.84% | +0.44% | +0.08% | |
| 14 | NVDA | Nvidia CORP | 股票-科技 | 1.73% | +0.02% | -7.94% | |
| 15 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.70% | -0.15% | -0.38% | |
| 16 | CAT | Caterpillar Inc | 股票-工業 | 1.69% | +0.60% | -1.94% | |
| 17 | XLV | Ss Health Care Select Sector | ETF-其他 | 1.68% | -0.02% | +10.50% | |
| 18 | WMT | Walmart Inc | 股票-非循環性消費 | 1.58% | -0.33% | +2.44% | |
| 19 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.48% | +0.17% | +4.06% | |
| 20 | XLE | Ss Energy Select Sector | ETF-其他 | 1.47% | -0.45% | +91.91% | |
| 21 | WFC | Wells Fargo & Co | 股票-金融 | 1.43% | -0.10% | +1.02% | |
| 22 | CVX | Chevron CORP | 股票-能源 | 1.43% | -0.76% | -0.24% | |
| 23 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 1.37% | +0.13% | -5.25% | |
| 24 | STT | State Street CORP | 股票-金融 | 1.30% | +0.20% | +0.19% | |
| 25 | COP | Conocophillips | 股票-能源 | 1.26% | -0.78% | -0.29% | |
| 26 | IGV | Ishares Expanded Tech-softwa | ETF-科技型 | 1.25% | — | -7.27% | |
| 27 | PFE | Pfizer Inc | 股票-醫療保健 | 1.25% | -0.32% | +6.97% | |
| 28 | EMR | Emerson Electric Co | 股票-工業 | 1.22% | -0.04% | -0.43% | |
| 29 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.20% | -0.09% | -3.29% | |
| 30 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.18% | +0.12% | +3.00% | |
| 31 | CMI | Cummins Inc | 股票-工業 | 1.17% | +0.19% | -0.14% | |
| 32 | KO | Coca-cola Co/the | 股票-非循環性消費 | 1.16% | -0.06% | +0.54% | |
| 33 | MU | Micron Technology Inc | 股票-科技 | 1.16% | +2.33% | -7.20% | |
| 34 | MMM | 3m Co | 股票-工業 | 1.14% | -0.02% | +0.15% | |
| 35 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 1.13% | -0.07% | +3.64% | |
| 36 | DE | Deere & Co | 股票-工業 | 1.10% | — | -0.99% | |
| 37 | TT | Trane Technologies plc | 股票-工業 | 1.10% | +0.02% | -0.57% | |
| 38 | XLP | Ss Consumer Staples Sel Sect | ETF-其他 | 1.04% | -0.09% | +1.11% | |
| 39 | BSV | Vanguard Short-term Bond ETF | ETF-其他 | 1.04% | -0.13% | -0.14% | |
| 40 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 1.03% | -0.22% | -1.60% | |
| 41 | IR | Ingersoll-rand Inc | 股票-工業 | 1.01% | -0.10% | -0.23% | |
| 42 | ABBV | Abbvie Inc | 股票-醫療保健 | 1.01% | +0.01% | -0.43% | |
| 43 | AMZN | Amazon.com Inc | 股票-循環性消費 | 0.98% | +0.02% | +2.81% | |
| 44 | AMGN | Amgen Inc | 股票-醫療保健 | 0.95% | -0.08% | -0.11% | |
| 45 | GLW | Corning Inc | 股票-科技 | 0.95% | +0.90% | -0.58% | |
| 46 | PEP | Pepsico Inc | 股票-非循環性消費 | 0.92% | -0.21% | +1.72% | |
| 47 | ITW | Illinois Tool Works | 股票-工業 | 0.91% | -0.08% | +1.19% | |
| 48 | HD | Home Depot Inc | 股票-循環性消費 | 0.87% | -0.05% | +0.37% | |
| 49 | SLB | Slb LTD | 股票-能源 | 0.87% | -0.41% | -1.10% | |
| 50 | KTB | Kontoor Brands Inc | 股票-循環性消費 | 0.81% | +0.04% | +4.01% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | JPST | Jpmorgan Ultra-short Income | +3.3% | +207.48% | 加碼 |
| 2 | LLY | Eli Lilly & Co | +0.4% | +4.06% | 加碼 |
| 3 | MU | Micron Technology Inc | +0.4% | -7.20% | 減碼 |
| 4 | GOOG | Alphabet Inc-cl C | +0.2% | +3.00% | 加碼 |
| 5 | XLV | Ss Health Care Select Sector | +0.2% | +10.50% | 加碼 |
| 6 | C | Citigroup Inc | +0.2% | +0.28% | 加碼 |
| 7 | MRK | Merck & Co. Inc. | +0.2% | +3.64% | 加碼 |
| 8 | CAT | Caterpillar Inc | +0.2% | -1.94% | 減碼 |
| 9 | CMI | Cummins Inc | +0.1% | -0.14% | 減碼 |
| 10 | IBB | Ishares Biotechnology ETF | +0.1% | +23.42% | 加碼 |
| 11 | JNJ | Johnson & Johnson | +0.1% | -0.38% | 減碼 |
| 12 | WFC | Wells Fargo & Co | +0.1% | +1.02% | 加碼 |
| 13 | AMGN | Amgen Inc | +0.1% | -0.11% | 減碼 |
| 14 | WMT | Walmart Inc | +0.1% | +2.44% | 加碼 |
| 15 | STT | State Street CORP | +0.1% | +0.19% | 加碼 |
| 16 | BIIB | Biogen Inc | +0.1% | +4.35% | 加碼 |
| 17 | PBE | Invesco Biotechnology & Geno | 0% | -2.32% | 減碼 |
| 18 | IHE | Ishares US Pharmaceuticals E | 0% | -1.58% | 減碼 |
| 19 | SLB | Slb LTD | 0% | -1.10% | 減碼 |
| 20 | HAL | Halliburton Co | 0% | -0.94% | 減碼 |
| 21 | RTX | Rtx CORP | 0% | +0.17% | 加碼 |
| 22 | UBS | UBS Group AG | 0% | — | 不變 |
| 23 | VCSH | Vanguard S/t CORP Bond ETF | 0% | +7.15% | 加碼 |
| 24 | BAC | Bank Of America CORP | 0% | +0.36% | 加碼 |
| 25 | AMZN | Amazon.com Inc | 0% | +2.81% | 加碼 |
| 26 | KO | Coca-cola Co/the | — | +0.54% | 加碼 |
| 27 | GLW | Corning Inc | — | -0.58% | 減碼 |
| 28 | AAPL | Apple Inc | 0% | -0.50% | 減碼 |
| 29 | GEV | GE Vernova Inc | 0% | +0.08% | 加碼 |
| 30 | PFE | Pfizer Inc | 0% | +6.97% | 加碼 |
| 31 | XOM | Exxon Mobil CORP | -0.1% | -3.00% | 減碼 |
| 32 | ORCL | Oracle CORP | -0.1% | — | 不變 |
| 33 | GE | General Electric | -0.1% | +0.31% | 加碼 |
| 34 | XLF | Ss Financial Select Sector | -0.1% | +1.63% | 加碼 |
| 35 | BKR | Baker Hughes Co | -0.1% | -2.88% | 減碼 |
| 36 | CARR | Carrier Global CORP | -0.1% | -0.44% | 減碼 |
| 37 | VMC | Vulcan Materials Co | -0.1% | -1.83% | 減碼 |
| 38 | XLE | Ss Energy Select Sector | -0.2% | +91.91% | 加碼 |
| 39 | COST | Costco Wholesale CORP | -0.2% | -1.60% | 減碼 |
| 40 | TT | Trane Technologies plc | -0.2% | -0.57% | 減碼 |
| 41 | HD | Home Depot Inc | -0.2% | +0.37% | 加碼 |
| 42 | KTB | Kontoor Brands Inc | -0.3% | +4.01% | 加碼 |
| 43 | NVDA | Nvidia CORP | -0.3% | -7.94% | 減碼 |
| 44 | MSFT | Microsoft CORP | -0.3% | +0.20% | 加碼 |
| 45 | IGV | Ishares Expanded Tech-softwa | -0.3% | -7.27% | 減碼 |
| 46 | KEL | Kellanova | — | EXIT | 清倉 |
| 47 | XOP | Ss Spdr S&p Og Exp & Prod | — | EXIT | 清倉 |
| 48 | TD | Toronto-dominion Bank | — | NEW | 新建倉 |
| 49 | VPU | Vanguard Utilities ETF | — | EXIT | 清倉 |
| 50 | FBTC | Fidelity Wise Origin Bitcoin | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Massachusetts Wealth Management 在 Q4 2025 季度的美股持倉總市值約為 US$2.6億，共申報了 93 個公開持股部位。
在 Q4 2025 季度，Massachusetts Wealth Management 按市值排列的前三大核心持股分別為：XLK (5.7%)、JPST (5.1%)、JPM (3.0%)。其中最大持股部位 XLK 佔據整體投資組合約 5.7% 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。
本季最大新建倉標的
TD
市值: US$22.7萬
本季最大獲利了結 / 清倉標的
KEL
前期市值: US$109.4萬
在 Q4 2025 季度中，Massachusetts Wealth Management 共進行了 48 項持倉異動，包含新建倉 1 個部位、加碼 24 個部位、減碼 19 個部位以及清倉 4 個部位。 其中最大新建倉標的為 TD。 本季清倉部位包含 KEL。
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。