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: 0001103653
申報總市值
US$38.7億
US$38.7億
2394 檔
21.1%
根據最新整理的 13F 季度數據集，MassMutual Private Wealth & Trust, FSB 於 Q4 2025 結束時的管理資產規模為 US$38.7億。該機構在本季度申報了 2394 檔美股持倉，呈現出該時期的主要投資地圖。
MassMutual Private Wealth & Trust, FSB 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 41 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 NVDA, AAPL, MSFT）占據了總市值的 21.1%，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 2394 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 | NVDA | Nvidia CORP | 股票-科技 | 5.01% | +0.08% | -2.84% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 4.80% | +0.17% | -2.74% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 4.63% | -0.21% | -2.65% | |
| 4 | VO | Vanguard Mid-cap ETF | ETF-其他 | 3.89% | -0.29% | -0.55% | |
| 5 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.71% | +0.12% | -3.73% | |
| 6 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 2.60% | +0.20% | -2.46% | |
| 7 | VEA | Vanguard Ftse Developed ETF | ETF-其他 | 2.52% | +0.10% | -2.08% | |
| 8 | JPM | Jpmorgan Chase & Co | 股票-金融 | 2.21% | +0.16% | -4.32% | |
| 9 | AVGO | Broadcom Inc | 股票-科技 | 1.93% | +0.26% | -1.71% | |
| 10 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.88% | +0.22% | -5.65% | |
| 11 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.70% | -0.08% | -0.69% | |
| 12 | EFA | Ishares Msci Eafe ETF | ETF-其他 | 1.40% | -0.07% | -2.26% | |
| 13 | DFAS | Dimensional US Small Cap ETF | ETF-中小型股 | 1.36% | +0.11% | -0.54% | |
| 14 | V | Visa Inc-class A Shares | 股票-金融 | 1.35% | +0.07% | -2.40% | |
| 15 | IJH | Ishares Core S&p Midcap ETF | ETF-其他 | 1.25% | +0.01% | -2.53% | |
| 16 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.19% | +0.06% | -1.21% | |
| 17 | CVX | Chevron CORP | 股票-能源 | 1.14% | -0.43% | -4.40% | |
| 18 | RTX | Rtx CORP | 股票-工業 | 1.12% | -0.13% | -3.74% | |
| 19 | WMT | Walmart Inc | 股票-非循環性消費 | 1.08% | -0.21% | -2.39% | |
| 20 | CSCO | Cisco Systems Inc | 股票-科技 | 1.07% | +0.43% | -2.48% | |
| 21 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.04% | -0.06% | -3.03% | |
| 22 | HD | Home Depot Inc | 股票-循環性消費 | 1.04% | — | -3.46% | |
| 23 | ABBV | Abbvie Inc | 股票-醫療保健 | 1.01% | +0.07% | -3.37% | |
| 24 | MCD | Mcdonald's CORP | 股票-循環性消費 | 1.00% | -0.18% | -1.96% | |
| 25 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.95% | -0.06% | -9.31% | |
| 26 | BAC | Bank Of America CORP | 股票-金融 | 0.94% | +0.05% | -2.81% | |
| 27 | VGT | Vanguard Info Tech ETF | ETF-科技型 | 0.92% | +0.19% | -3.74% | |
| 28 | MDY | State Street Spdr S&p Midcap | ETF-其他 | 0.90% | +0.03% | -3.02% | |
| 29 | AMP | Ameriprise Financial Inc | 股票-金融 | 0.87% | -0.04% | -0.29% | |
| 30 | IJR | Ishares Core S&p Small-cap E | ETF-中小型股 | 0.86% | +0.08% | -2.60% | |
| 31 | IEFA | Ishares Core Msci Eafe ETF | ETF-其他 | 0.85% | +0.08% | -0.28% | |
| 32 | CAT | Caterpillar Inc | 股票-工業 | 0.80% | +0.24% | -4.75% | |
| 33 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 0.80% | -0.03% | -1.33% | |
| 34 | CB | Chubb Limited | 股票-金融 | 0.79% | -0.03% | -1.79% | |
| 35 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 0.78% | -0.01% | -3.21% | |
| 36 | VGSH | Vanguard Short-term Treasury | ETF-政府公債 | 0.76% | -0.06% | -5.05% | |
| 37 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.72% | +0.15% | +2.63% | |
| 38 | VNQ | Vanguard Real Estate ETF | ETF-其他 | 0.70% | -0.41% | -3.29% | |
| 39 | ORLY | O'reilly Automotive Inc | 股票-循環性消費 | 0.68% | -0.07% | -3.57% | |
| 40 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 0.65% | — | +288.90% | |
| 41 | ECL | Ecolab Inc | 股票-原物料 | 0.65% | -0.02% | -1.86% | |
| 42 | NEE | Nextera Energy Inc | 股票-公用事業 | 0.63% | -0.10% | -1.87% | |
| 43 | SYK | Stryker CORP | 股票-醫療保健 | 0.62% | -0.08% | -5.93% | |
| 44 | XOM | Exxon Mobil CORP | 股票-能源 | 0.58% | -0.19% | +20.47% | |
| 45 | LECO | Lincoln Electric Holdings | 股票-工業 | 0.55% | -0.01% | -2.91% | |
| 46 | SCHO | Schwab Short-term US Treas | ETF-其他 | 0.53% | +0.30% | +0.94% | |
| 47 | AVEM | Avantis Emerging Markets Eq | ETF-新興市場 | 0.51% | +0.08% | -1.13% | |
| 48 | LHX | L3harris Technologies Inc | 股票-工業 | 0.51% | -0.14% | -2.84% | |
| 49 | IEMG | Ishares Core Msci Emerging | ETF-新興市場 | 0.50% | +0.03% | -4.61% | |
| 50 | PEP | Pepsico Inc | 股票-非循環性消費 | 0.49% | -0.14% | -3.25% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | GOOGL | Alphabet Inc-cl A | +0.6% | -2.46% | 減碼 |
| 2 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.5% | +288.90% | 加碼 |
| 3 | GOOG | Alphabet Inc-cl C | +0.4% | -5.65% | 減碼 |
| 4 | VOO | Vanguard S&p 500 ETF | +0.3% | +222.20% | 加碼 |
| 5 | LLY | Eli Lilly & Co | +0.2% | +2.63% | 加碼 |
| 6 | AAPL | Apple Inc | +0.2% | -2.74% | 減碼 |
| 7 | PANW | Palo Alto Networks Inc | +0.2% | +261.29% | 加碼 |
| 8 | VYM | Vanguard High Dvd Yield ETF | +0.1% | +987.90% | 加碼 |
| 9 | XOM | Exxon Mobil CORP | +0.1% | +20.47% | 加碼 |
| 10 | TMO | Thermo Fisher Scientific Inc | +0.1% | -1.33% | 減碼 |
| 11 | CAT | Caterpillar Inc | +0.1% | -4.75% | 減碼 |
| 12 | CSCO | Cisco Systems Inc | +0.1% | -2.48% | 減碼 |
| 13 | JNJ | Johnson & Johnson | +0.1% | -3.03% | 減碼 |
| 14 | MRK | Merck & Co. Inc. | +0.1% | -2.29% | 減碼 |
| 15 | REGN | Regeneron Pharmaceuticals | +0.1% | +9.83% | 加碼 |
| 16 | VEA | Vanguard Ftse Developed ETF | +0.1% | -2.08% | 減碼 |
| 17 | CB | Chubb Limited | +0.1% | -1.79% | 減碼 |
| 18 | RTX | Rtx CORP | +0.1% | -3.74% | 減碼 |
| 19 | AVGO | Broadcom Inc | +0.1% | -1.71% | 減碼 |
| 20 | WMT | Walmart Inc | +0.1% | -2.39% | 減碼 |
| 21 | VO | Vanguard Mid-cap ETF | 0% | -0.55% | 減碼 |
| 22 | JPM | Jpmorgan Chase & Co | 0% | -4.32% | 減碼 |
| 23 | ABBV | Abbvie Inc | 0% | -3.37% | 減碼 |
| 24 | VNQ | Vanguard Real Estate ETF | 0% | -3.29% | 減碼 |
| 25 | VGSH | Vanguard Short-term Treasury | 0% | -5.05% | 減碼 |
| 26 | AOS | Smith (a.o.) CORP | -0.1% | -4.32% | 減碼 |
| 27 | AGG | Ishares Core U.s. Aggregate | -0.1% | -44.10% | 減碼 |
| 28 | DOW | Dow Inc | -0.1% | -43.46% | 減碼 |
| 29 | SPGI | S&p Global Inc | -0.1% | -22.44% | 減碼 |
| 30 | ROP | Roper Technologies Inc | -0.1% | -6.14% | 減碼 |
| 31 | ETN | Eaton Corporation plc | -0.1% | -0.10% | 減碼 |
| 32 | RMD | Resmed Inc | -0.1% | -2.59% | 減碼 |
| 33 | BLK | Blackrock Inc | -0.1% | -4.02% | 減碼 |
| 34 | ZTS | Zoetis Inc | -0.1% | -31.20% | 減碼 |
| 35 | VZ | Verizon Communications Inc | -0.1% | -6.88% | 減碼 |
| 36 | CVX | Chevron CORP | -0.1% | -4.40% | 減碼 |
| 37 | CSL | Carlisle Cos Inc | -0.1% | -20.19% | 減碼 |
| 38 | SYK | Stryker CORP | -0.1% | -5.93% | 減碼 |
| 39 | ACN | Accenture plc | -0.1% | -26.37% | 減碼 |
| 40 | NVDA | Nvidia CORP | -0.1% | -2.84% | 減碼 |
| 41 | ORLY | O'reilly Automotive Inc | -0.2% | -3.57% | 減碼 |
| 42 | PG | Procter & Gamble Co/the | -0.2% | -9.31% | 減碼 |
| 43 | ADBE | Adobe Inc | -0.2% | -25.50% | 減碼 |
| 44 | META | Meta Platforms Inc-class A | -0.2% | -0.69% | 減碼 |
| 45 | NOW | Servicenow Inc | -0.2% | +305.85% | 加碼 |
| 46 | KMX | Carmax Inc | -0.2% | -99.75% | 減碼 |
| 47 | HD | Home Depot Inc | -0.2% | -3.46% | 減碼 |
| 48 | FISV | Fiserv Inc | -0.4% | -84.45% | 減碼 |
| 49 | MSFT | Microsoft CORP | -0.4% | -2.65% | 減碼 |
| 50 | JBND | Jpmorgan Active Bond ETF | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，MassMutual Private Wealth & Trust, FSB 在 Q4 2025 季度的美股持倉總市值約為 US$38.7億，共申報了 2394 個公開持股部位。
在 Q4 2025 季度，MassMutual Private Wealth & Trust, FSB 按市值排列的前三大核心持股分別為：NVDA (5.0%)、AAPL (4.8%)、MSFT (4.6%)。其中最大持股部位 NVDA 佔據整體投資組合約 5.0% 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
JBND
市值: US$257.0萬
本季最大獲利了結 / 清倉標的
NVDA
前期市值: US$2.0億
在 Q4 2025 季度中，MassMutual Private Wealth & Trust, FSB 共進行了 50 項持倉異動，包含新建倉 1 個部位、加碼 8 個部位、減碼 41 個部位以及清倉 0 個部位。 其中最大新建倉標的為 JBND。
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。