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: 0002022028
申報總市值
US$117.0億
US$117.0億
408 檔
20.2%
在 Q4 2025 的 13F 官方備案中，Mediolanum International Funds Ltd 管理的美股投資組合規模來到 US$117.0億，整體持股檔數為 408 檔。
Mediolanum International Funds Ltd 於 Q4 2025 展現出進攻型調倉步調，本季推動了 6 檔股票的新建倉與 22 檔既有部位加碼，整體資金傾向擴大在美股市場的曝險佈局。
從部位權重觀察，前 5 大標的（包含 NVDA, AAPL, MSFT）累計市值佔比達 20.2%，是驅動 Mediolanum International Funds Ltd 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 408 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 | 7.33% | -0.55% | +4.22% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 5.95% | -0.51% | -14.42% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 5.11% | -0.40% | +4.01% | |
| 4 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.64% | +0.42% | -2.92% | |
| 5 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 2.63% | +0.40% | -9.83% | |
| 6 | AVGO | Broadcom Inc | 股票-科技 | 2.56% | +0.43% | -12.59% | |
| 7 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 2.43% | +0.19% | -5.40% | |
| 8 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.16% | -0.09% | -12.77% | |
| 9 | TSLA | Tesla Inc | 股票-循環性消費 | 1.75% | -0.11% | +41.35% | |
| 10 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.68% | +0.54% | +6.86% | |
| 11 | V | Visa Inc-class A Shares | 股票-金融 | 1.17% | +0.11% | -4.25% | |
| 12 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.02% | -0.06% | -20.94% | |
| 13 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.97% | -0.09% | +2.07% | |
| 14 | BAC | Bank Of America CORP | 股票-金融 | 0.82% | +0.11% | +197.83% | |
| 15 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.81% | -0.18% | +37.47% | |
| 16 | C | Citigroup Inc | 股票-金融 | 0.80% | +0.07% | +79.08% | |
| 17 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.74% | -0.28% | +18.74% | |
| 18 | LRCXEUR | Lam Research CORP | 股票-科技 | 0.73% | +0.36% | +61.11% | |
| 19 | CSCO | Cisco Systems Inc | 股票-科技 | 0.73% | -0.06% | +53.47% | |
| 20 | GE | General Electric | 股票-工業 | 0.73% | +0.28% | -12.64% | |
| 21 | XOM | Exxon Mobil CORP | 股票-能源 | 0.72% | -0.76% | -15.41% | |
| 22 | MA | Mastercard Inc - A | 股票-金融 | 0.68% | -0.20% | -22.69% | |
| 23 | INTU | Intuit Inc | 股票-科技 | 0.68% | -0.27% | +6.06% | |
| 24 | BMY | Bristol-myers Squibb Co | 股票-醫療保健 | 0.67% | -0.61% | +144.00% | |
| 25 | WFC | Wells Fargo & Co | 股票-金融 | 0.62% | -0.25% | -32.63% | |
| 26 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.62% | -0.05% | +12.12% | |
| 27 | TJX | Tjx Companies Inc | 股票-循環性消費 | 0.62% | -0.16% | -29.48% | |
| 28 | ANETEUR | Arista Networks Inc | 股票-其他 | 0.60% | -0.32% | +16.51% | |
| 29 | COF | Capital One Financial CORP | 股票-金融 | 0.59% | — | -4.63% | |
| 30 | CTSH | Cognizant Tech Solutions-a | 股票-科技 | 0.58% | -0.02% | +3887.53% | |
| 31 | CAT | Caterpillar Inc | 股票-工業 | 0.58% | +0.40% | -17.95% | |
| 32 | ACN | Accenture plc | 股票-科技 | 0.55% | -0.16% | +26.80% | |
| 33 | HAL | Halliburton Co | 股票-能源 | 0.54% | -0.06% | +309.72% | |
| 34 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.54% | +0.30% | +15.07% | |
| 35 | GM | General Motors Co | 股票-循環性消費 | 0.54% | +0.09% | +123.63% | |
| 36 | QCOM | Qualcomm Inc | 股票-科技 | 0.54% | -0.21% | +2.85% | |
| 37 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.52% | +0.32% | +73.83% | |
| 38 | TTWO | Take-two Interactive Softwre | 股票-通訊服務 | 0.51% | +0.04% | +15.73% | |
| 39 | MU | Micron Technology Inc | 股票-科技 | 0.49% | +1.10% | -21.66% | |
| 40 | SCHW | Schwab (charles) CORP | 股票-金融 | 0.47% | -0.19% | +44.06% | |
| 41 | FCX | Freeport-mcmoran Inc | 股票-原物料 | 0.46% | -0.03% | +618.18% | |
| 42 | HLT | Hilton Worldwide Holdings In | 股票-循環性消費 | 0.45% | -0.07% | +510.01% | |
| 43 | KLAC | Kla CORP | 股票-科技 | 0.45% | +0.17% | -8.85% | |
| 44 | DG | Dollar General CORP | 股票-非循環性消費 | 0.44% | -0.17% | — | |
| 45 | EL | Estee Lauder Companies-cl A | 股票-非循環性消費 | 0.43% | — | — | |
| 46 | MDT | Medtronic plc | 股票-醫療保健 | 0.42% | -0.14% | +75.45% | |
| 47 | APP | Applovin Corp-class A | 股票-科技 | 0.42% | +0.19% | -21.84% | |
| 48 | UBER | Uber Technologies Inc | 股票-工業 | 0.41% | +0.15% | -39.87% | |
| 49 | CMCSA | Comcast Corp-class A | 股票-通訊服務 | 0.41% | -0.06% | +52.47% | |
| 50 | AXP | American Express Co | 股票-金融 | 0.41% | -0.07% | +3.73% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | LLY | Eli Lilly & Co | +0.6% | +6.86% | 加碼 |
| 2 | CTSH | Cognizant Tech Solutions-a | +0.6% | +3887.53% | 加碼 |
| 3 | BAC | Bank Of America CORP | +0.6% | +197.83% | 加碼 |
| 4 | TSLA | Tesla Inc | +0.5% | +41.35% | 加碼 |
| 5 | BMY | Bristol-myers Squibb Co | +0.4% | +144.00% | 加碼 |
| 6 | HAL | Halliburton Co | +0.4% | +309.72% | 加碼 |
| 7 | FCX | Freeport-mcmoran Inc | +0.4% | +618.18% | 加碼 |
| 8 | C | Citigroup Inc | +0.4% | +79.08% | 加碼 |
| 9 | HLT | Hilton Worldwide Holdings In | +0.4% | +510.01% | 加碼 |
| 10 | LRCXEUR | Lam Research CORP | +0.4% | +61.11% | 加碼 |
| 11 | GM | General Motors Co | +0.4% | +123.63% | 加碼 |
| 12 | REGN | Regeneron Pharmaceuticals | +0.3% | +3528.29% | 加碼 |
| 13 | GOOG | Alphabet Inc-cl C | +0.3% | -5.40% | 減碼 |
| 14 | CSCO | Cisco Systems Inc | +0.3% | +53.47% | 加碼 |
| 15 | PNC | Pnc Financial Services Group | +0.3% | +8055.29% | 加碼 |
| 16 | JNJ | Johnson & Johnson | +0.3% | +37.47% | 加碼 |
| 17 | GOOGL | Alphabet Inc-cl A | +0.3% | -9.83% | 減碼 |
| 18 | TRGP | Targa Resources CORP | +0.2% | +692.38% | 加碼 |
| 19 | MRK | Merck & Co. Inc. | +0.2% | +2.07% | 加碼 |
| 20 | KO | Coca-cola Co/the | +0.2% | +73.83% | 加碼 |
| 21 | LOW | Lowe's Cos Inc | +0.2% | +156.59% | 加碼 |
| 22 | UBS | UBS Group AG | +0.2% | +670.40% | 加碼 |
| 23 | NVDA | Nvidia CORP | +0.2% | +4.22% | 加碼 |
| 24 | DDOG | Datadog Inc - Class A | -0.2% | -73.07% | 減碼 |
| 25 | KKR | Kkr & Co Inc | -0.2% | -98.76% | 減碼 |
| 26 | ADI | Analog Devices Inc | -0.3% | -88.02% | 減碼 |
| 27 | MMM | 3m Co | -0.3% | -48.12% | 減碼 |
| 28 | JPM | Jpmorgan Chase & Co | -0.3% | -20.94% | 減碼 |
| 29 | DTE | Dte Energy Company | -0.3% | -89.22% | 減碼 |
| 30 | MSI | Motorola Solutions Inc | -0.3% | -65.52% | 減碼 |
| 31 | ETN | Eaton Corporation plc | -0.3% | -67.20% | 減碼 |
| 32 | SLB | Slb LTD | -0.4% | -80.09% | 減碼 |
| 33 | NFLX | Netflix Inc | -0.4% | +555.90% | 加碼 |
| 34 | HD | Home Depot Inc | -0.4% | -42.85% | 減碼 |
| 35 | MCK | Mckesson CORP | -0.5% | -68.45% | 減碼 |
| 36 | WMT | Walmart Inc | -0.5% | -59.10% | 減碼 |
| 37 | ABT | Abbott Laboratories | -0.5% | -85.61% | 減碼 |
| 38 | UBER | Uber Technologies Inc | -0.5% | -39.87% | 減碼 |
| 39 | ORCL | Oracle CORP | -0.5% | -50.42% | 減碼 |
| 40 | META | Meta Platforms Inc-class A | -0.8% | -12.77% | 減碼 |
| 41 | AAPL | Apple Inc | -0.9% | -14.42% | 減碼 |
| 42 | DG | Dollar General CORP | — | NEW | 新建倉 |
| 43 | EL | Estee Lauder Companies-cl A | — | NEW | 新建倉 |
| 44 | EFX | Equifax Inc | — | NEW | 新建倉 |
| 45 | TER | Teradyne Inc | — | NEW | 新建倉 |
| 46 | STLD | Steel Dynamics Inc | — | EXIT | 清倉 |
| 47 | HUM | Humana Inc | — | EXIT | 清倉 |
| 48 | BLK | Blackrock Inc | — | NEW | 新建倉 |
| 49 | GEHC | GE Healthcare Technology | — | EXIT | 清倉 |
| 50 | FHN | First Horizon CORP | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Mediolanum International Funds Ltd 在 Q4 2025 季度的美股持倉總市值約為 US$117.0億，共申報了 408 個公開持股部位。
在 Q4 2025 季度，Mediolanum International Funds Ltd 按市值排列的前三大核心持股分別為：NVDA (7.3%)、AAPL (6.0%)、MSFT (5.1%)。其中最大持股部位 NVDA 佔據整體投資組合約 7.3% 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
DG
市值: US$4421.1萬
本季最大獲利了結 / 清倉標的
STLD
前期市值: US$2862.9萬
在 Q4 2025 季度中，Mediolanum International Funds Ltd 共進行了 50 項持倉異動，包含新建倉 6 個部位、加碼 22 個部位、減碼 19 個部位以及清倉 3 個部位。 其中最大新建倉標的為 DG。 本季清倉部位包含 STLD。
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。