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: 0001538449
申報總市值
US$147.1億
US$147.1億
110 檔
35.3%
在 Q3 2025 申報期間，Mawer Investment Management Ltd.（CIK: 0001538449）向美國 SEC 提交的 Form 13F 報告顯示，其追蹤之股票投資組合總市值達 US$147.1億，共持有 110 個公開申報部位。
數據顯示 Mawer Investment Management Ltd. 於 Q3 2025 季度持續回收資金，對 22 個既有部位進行裁減並清倉 8 個標的，組合整體流動性比重有所上升。
從部位權重觀察，前 5 大標的（包含 MSFT, GOOG, AMZN）累計市值佔比達 35.3%，是驅動 Mawer Investment Management Ltd. 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 | MSFT | Microsoft CORP | 股票-科技 | 7.12% | -1.29% | -7.82% | |
| 2 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 5.32% | +0.37% | -19.27% | |
| 3 | AMZN | Amazon.com Inc | 股票-循環性消費 | 5.11% | -0.01% | +13.00% | |
| 4 | MRSH | Marsh & Mclennan Cos | 股票-金融 | 4.79% | -1.78% | -14.93% | |
| 5 | AON | Aon plc | 股票-金融 | 4.63% | -0.03% | -15.93% | |
| 6 | V | Visa Inc-class A Shares | 股票-金融 | 4.17% | +0.25% | +11.30% | |
| 7 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 4.02% | -0.65% | -9.80% | |
| 8 | APH | Amphenol Corp-cl A | 股票-科技 | 3.80% | -0.43% | -20.43% | |
| 9 | NOC | Northrop Grumman CORP | 股票-工業 | 3.05% | -0.71% | -1.95% | |
| 10 | FCN | Fti Consulting Inc | 股票-工業 | 2.81% | -0.75% | -12.33% | |
| 11 | BRK-A | Berkshire Hathaway Inc-cl A | 股票-其他 | 2.78% | -0.26% | -12.33% | |
| 12 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.62% | -0.18% | -6.68% | |
| 13 | WAT | Waters CORP | 股票-醫療保健 | 2.41% | +0.39% | +225.46% | |
| 14 | ICE | Intercontinental Exchange In | 股票-金融 | 2.16% | -0.42% | +179.13% | |
| 15 | CME | Cme Group Inc | 股票-金融 | 2.11% | -0.53% | +107.22% | |
| 16 | CDW | Cdw Corp/de | 股票-科技 | 1.95% | +0.09% | -10.67% | |
| 17 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.92% | -0.06% | -5.45% | |
| 18 | ATR | Aptargroup Inc | 股票-醫療保健 | 1.91% | -0.38% | +96.97% | |
| 19 | MEDP | Medpace Holdings Inc | 股票-醫療保健 | 1.73% | -0.43% | -20.88% | |
| 20 | SHEL | Shell Plc-adr | 股票-能源 | 1.67% | -0.07% | -1.96% | |
| 21 | MA | Mastercard Inc - A | 股票-金融 | 1.51% | +0.06% | +81.58% | |
| 22 | AER | AerCap Holdings N.V. | 股票-工業 | 1.32% | +0.02% | +35.06% | |
| 23 | DE | Deere & Co | 股票-工業 | 1.19% | — | -10.21% | |
| 24 | CPAY | Corpay Inc | 股票-科技 | 1.11% | -0.14% | -9.08% | |
| 25 | OSIS | Osi Systems Inc | 股票-科技 | 1.11% | -1.14% | EXIT | |
| 26 | FERG | Ferguson Enterprises Inc | 股票-工業 | 1.06% | -0.78% | -1.83% | |
| 27 | COR | Cencora Inc | 股票-醫療保健 | 1.06% | +0.76% | -3.12% | |
| 28 | AJG | Arthur J Gallagher & Co | 股票-金融 | 1.04% | -0.02% | -5.17% | |
| 29 | BDX | Becton Dickinson And Co | 股票-醫療保健 | 1.04% | -0.12% | +141.09% | |
| 30 | TME | Tencent Music Entertainm-adr | 股票-通訊服務 | 1.02% | -0.08% | -17.38% | |
| 31 | VZ | Verizon Communications Inc | 股票-通訊服務 | 0.93% | -0.41% | -5.09% | |
| 32 | MLM | Martin Marietta Materials | 股票-原物料 | 0.91% | -0.02% | -2.55% | |
| 33 | ABT | Abbott Laboratories | 股票-醫療保健 | 0.87% | -0.10% | +5.91% | |
| 34 | BWXT | Bwx Technologies Inc | 股票-工業 | 0.77% | -0.06% | -11.09% | |
| 35 | WFC | Wells Fargo & Co | 股票-金融 | 0.76% | -0.05% | — | |
| 36 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.76% | -0.02% | -4.26% | |
| 37 | POOL | Pool CORP | 股票-工業 | 0.68% | — | -14.80% | |
| 38 | NSP | Insperity Inc | 股票-其他 | 0.67% | -0.05% | -45.80% | |
| 39 | CACI | Caci International Inc -cl A | 股票-科技 | 0.65% | -0.08% | -5.24% | |
| 40 | ACN | Accenture plc | 股票-科技 | 0.61% | — | -27.12% | |
| 41 | AEP | American Electric Power | 股票-公用事業 | 0.60% | +0.99% | -4.93% | |
| 42 | SII | Sprott Inc | 股票-其他 | 0.55% | -0.24% | +73.98% | |
| 43 | HDB | Hdfc Bank Ltd-adr | 股票-金融 | 0.53% | +0.03% | +110.82% | |
| 44 | BBSI | Barrett Business Svcs Inc | 股票-其他 | 0.45% | -0.02% | +0.03% | |
| 45 | TXN | Texas Instruments Inc | 股票-科技 | 0.44% | +0.36% | +23.94% | |
| 46 | NKE | Nike Inc -cl B | 股票-循環性消費 | 0.43% | -0.10% | -2.18% | |
| 47 | SPGI | S&p Global Inc | 股票-金融 | 0.43% | +0.13% | +27.30% | |
| 48 | VVV | Valvoline Inc | 股票-循環性消費 | 0.42% | -0.15% | -15.62% | |
| 49 | ESQ | Esquire Financial Holdings I | 股票-其他 | 0.41% | -0.03% | +0.12% | |
| 50 | DHR | Danaher CORP | 股票-醫療保健 | 0.41% | -0.01% | -1.67% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | MSFT | Microsoft CORP | +1.6% | -7.82% | 減碼 |
| 2 | WAT | Waters CORP | +1.5% | +225.46% | 加碼 |
| 3 | AMZN | Amazon.com Inc | +1.5% | +13.00% | 加碼 |
| 4 | JPM | Jpmorgan Chase & Co | +1.4% | -5.45% | 加碼 |
| 5 | ATR | Aptargroup Inc | +1.1% | +96.97% | 加碼 |
| 6 | ICE | Intercontinental Exchange In | +1% | +179.13% | 加碼 |
| 7 | CME | Cme Group Inc | +1% | +107.22% | 加碼 |
| 8 | APH | Amphenol Corp-cl A | +1% | -20.43% | 減碼 |
| 9 | GOOG | Alphabet Inc-cl C | +0.7% | -19.27% | 減碼 |
| 10 | MEDP | Medpace Holdings Inc | +0.7% | -20.88% | 減碼 |
| 11 | MA | Mastercard Inc - A | +0.7% | +81.58% | 加碼 |
| 12 | OSIS | Osi Systems Inc | +0.7% | +67.05% | 加碼 |
| 13 | BDX | Becton Dickinson And Co | +0.6% | +141.09% | 加碼 |
| 14 | BWXT | Bwx Technologies Inc | +0.4% | -11.09% | 加碼 |
| 15 | ABNB | Airbnb Inc-class A | +0.3% | +642.21% | 加碼 |
| 16 | FERG | Ferguson Enterprises Inc | +0.3% | -1.83% | 減碼 |
| 17 | V | Visa Inc-class A Shares | +0.1% | +11.30% | 減碼 |
| 18 | SHEL | Shell Plc-adr | -0.1% | -1.96% | 減碼 |
| 19 | PG | Procter & Gamble Co/the | -0.1% | -4.26% | 減碼 |
| 20 | DE | Deere & Co | -0.2% | -10.21% | 減碼 |
| 21 | AJG | Arthur J Gallagher & Co | -0.2% | -5.17% | 減碼 |
| 22 | VRSK | Verisk Analytics Inc | -0.2% | -17.65% | 減碼 |
| 23 | PAYX | Paychex Inc | -0.2% | -17.01% | 減碼 |
| 24 | CDW | Cdw Corp/de | -0.2% | -10.67% | 減碼 |
| 25 | FCN | Fti Consulting Inc | -0.3% | -12.33% | 減碼 |
| 26 | ACN | Accenture plc | -0.5% | -27.12% | 減碼 |
| 27 | CPAY | Corpay Inc | -0.6% | -9.08% | 減碼 |
| 28 | YUMC | Yum China Holdings Inc | -0.9% | -83.11% | 減碼 |
| 29 | WMG | Warner Music Group Corp-cl A | -1.1% | -95.74% | 減碼 |
| 30 | NSP | Insperity Inc | -1.5% | -45.80% | 減碼 |
| 31 | AON | Aon plc | -1.7% | -15.93% | 減碼 |
| 32 | MRSH | Marsh & Mclennan Cos | -2.3% | -14.93% | 減碼 |
| 33 | UNH | Unitedhealth Group Inc | -5% | -85.62% | 減碼 |
| 34 | NOC | Northrop Grumman CORP | — | NEW | 新建倉 |
| 35 | FDX | Fedex CORP | — | EXIT | 清倉 |
| 36 | META | Meta Platforms Inc-class A | — | NEW | 新建倉 |
| 37 | RHI | Robert Half Inc | — | EXIT | 清倉 |
| 38 | LULU | Lululemon Athletica Inc | — | EXIT | 清倉 |
| 39 | XPEV | XPeng Inc. | — | EXIT | 清倉 |
| 40 | AER | AerCap Holdings N.V. | — | NEW | 新建倉 |
| 41 | TNET | Trinet Group Inc | — | EXIT | 清倉 |
| 42 | SNA | Snap-on Inc | — | EXIT | 清倉 |
| 43 | WFC | Wells Fargo & Co | — | NEW | 新建倉 |
| 44 | SII | Sprott Inc | — | NEW | 新建倉 |
| 45 | ICLR | ICON Public Limited Company | — | EXIT | 清倉 |
| 46 | UBER | Uber Technologies Inc | — | NEW | 新建倉 |
| 47 | CGNX | Cognex CORP | — | NEW | 新建倉 |
| 48 | CVS | Cvs Health CORP | — | EXIT | 清倉 |
| 49 | ELV | Elevance Health Inc | — | NEW | 新建倉 |
| 50 | ZTS | Zoetis Inc | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Mawer Investment Management Ltd. 在 Q3 2025 季度的美股持倉總市值約為 US$147.1億，共申報了 110 個公開持股部位。
在 Q3 2025 季度，Mawer Investment Management Ltd. 按市值排列的前三大核心持股分別為：MSFT (7.1%)、GOOG (5.3%)、AMZN (5.1%)。其中最大持股部位 MSFT 佔據整體投資組合約 7.1% 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
NOC
市值: US$5.9億
本季最大獲利了結 / 清倉標的
FDX
前期市值: US$5.5億
在 Q3 2025 季度中，Mawer Investment Management Ltd. 共進行了 50 項持倉異動，包含新建倉 9 個部位、加碼 11 個部位、減碼 22 個部位以及清倉 8 個部位。 其中最大新建倉標的為 NOC。 本季清倉部位包含 FDX。
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。