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: 0001415912
申報總市值
US$156.3億
US$156.3億
346 檔
23.5%
根據最新整理的 13F 季度數據集，Migdal Insurance & Financial Holdings Ltd. 於 Q4 2025 結束時的管理資產規模為 US$156.3億。該機構在本季度申報了 346 檔美股持倉，呈現出該時期的主要投資地圖。
觀察 Q4 2025 的申報異動，Migdal Insurance & Financial Holdings Ltd. 採取了強勁的買進策略，建倉與加碼動作（合計 32 筆）涵蓋多個核心板塊，展現機構對特定產業前景之樂觀態度。
檢視投資組合結構，前 5 大主力部位（包含 TEVA, QQQM, XLK）占據了總市值的 23.5%，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 346 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 | TEVA | Teva Pharmaceutical-sp Adr | 股票-醫療保健 | 10.04% | -1.46% | +14.79% | |
| 2 | QQQM | Invesco Nasdaq 100 ETF | ETF-科技型 | 6.74% | +0.77% | +3234.57% | |
| 3 | XLK | Ss Technology Select Sector | ETF-科技型 | 6.25% | +1.93% | +163.54% | |
| 4 | XLI | Ss Industrial Select Sector | ETF-其他 | 4.35% | +0.25% | -9.52% | |
| 5 | NVMI | Nova Ltd. | 股票-其他 | 4.22% | -0.28% | +7.02% | |
| 6 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 3.57% | +1.22% | +31.22% | |
| 7 | XLU | St Sr Utl Sl Se Spdr Etf-usd | ETF-其他 | 3.32% | -0.76% | +410.10% | |
| 8 | AMZN | Amazon.com Inc | 股票-循環性消費 | 3.25% | +0.27% | +15.66% | |
| 9 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 3.16% | -1.14% | -0.67% | |
| 10 | NVDA | Nvidia CORP | 股票-科技 | 3.11% | +0.31% | +10.03% | |
| 11 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 3.07% | +0.14% | +13.96% | |
| 12 | TSEM | Tower Semiconductor Ltd. | 股票-科技 | 3.03% | -0.18% | +0.84% | |
| 13 | XLY | Ss Consumer Disc Select Sect | ETF-其他 | 2.92% | -0.38% | +135.52% | |
| 14 | XLC | Ss Comm Select Sector Spdr | ETF-其他 | 2.82% | -0.31% | +4.88% | |
| 15 | IGV | Ishares Expanded Tech-softwa | ETF-科技型 | 2.47% | +0.46% | — | |
| 16 | XLF | Ss Financial Select Sector | ETF-其他 | 2.19% | -0.16% | +27.35% | |
| 17 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | ETF-投資等級公司債 | 1.86% | -0.49% | — | |
| 18 | NICE | Nice LTD - Spon Adr | 股票-科技 | 1.60% | -0.44% | +0.92% | |
| 19 | AAPL | Apple Inc | 股票-科技 | 1.58% | -0.06% | -26.24% | |
| 20 | MSFT | Microsoft CORP | 股票-科技 | 1.57% | +1.04% | +89.41% | |
| 21 | KBWB | Invesco Kbw Bank ETF | ETF-其他 | 1.57% | +0.09% | -41.41% | |
| 22 | SMH | Vaneck Semiconductor ETF | ETF-其他 | 1.25% | +1.64% | +72.63% | |
| 23 | CAMT | Camtek Ltd. | 股票-其他 | 1.21% | +0.22% | +11.96% | |
| 24 | AVGO | Broadcom Inc | 股票-科技 | 1.16% | +0.15% | -1.90% | |
| 25 | AMAT | Applied Materials Inc | 股票-科技 | 1.14% | +0.42% | +97.69% | |
| 26 | KWEB | Kranesh Csi China Internet | ETF-新興市場 | 1.06% | -0.60% | +0.35% | |
| 27 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.98% | -0.98% | -40.94% | |
| 28 | ORA | Ormat Technologies Inc | 股票-公用事業 | 0.84% | -0.29% | +155.83% | |
| 29 | EPI | Wisdomtree India Earnings | ETF-其他 | 0.83% | -0.01% | EXIT | |
| 30 | CQQQ | Invesco China Technology ETF | ETF-科技型 | 0.82% | -0.08% | — | |
| 31 | CEG | Constellation Energy | 股票-公用事業 | 0.76% | +0.52% | +4.67% | |
| 32 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.70% | -0.66% | -0.05% | |
| 33 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.65% | +0.13% | +29.27% | |
| 34 | XLB | Ss Materials Select Sector | ETF-其他 | 0.64% | -0.19% | +100.00% | |
| 35 | ENLT | Enlight Renewable Energy Ltd | 股票-其他 | 0.64% | -0.04% | — | |
| 36 | TSLA | Tesla Inc | 股票-循環性消費 | 0.63% | +0.11% | -3.22% | |
| 37 | CCJ | Cameco CORP | 股票-能源 | 0.59% | -0.29% | +101.35% | |
| 38 | ITB | Ishares U.s. Home Constructi | ETF-其他 | 0.44% | +0.01% | NEW | |
| 39 | EXE | Expand Energy CORP | 股票-能源 | 0.44% | — | — | |
| 40 | ORCL | Oracle CORP | 股票-科技 | 0.43% | +0.43% | -46.88% | |
| 41 | XLV | Ss Health Care Select Sector | ETF-其他 | 0.43% | +0.19% | -52.09% | |
| 42 | EQT | Eqt CORP | 股票-能源 | 0.43% | — | — | |
| 43 | HD | Home Depot Inc | 股票-循環性消費 | 0.41% | — | — | |
| 44 | XLRE | Ss Real Estate Select Sector | ETF-其他 | 0.40% | — | EXIT | |
| 45 | FLIN | Franklin Ftse India ETF | ETF-其他 | 0.38% | — | — | |
| 46 | BABA | Alibaba Group Holding-sp Adr | 股票-循環性消費 | 0.36% | -0.14% | -0.16% | |
| 47 | BAC | Bank Of America CORP | 股票-金融 | 0.35% | -0.31% | EXIT | |
| 48 | UBER | Uber Technologies Inc | 股票-工業 | 0.33% | -0.30% | EXIT | |
| 49 | CHKP | Check Point Software Technologies Ltd. | 股票-科技 | 0.32% | -0.13% | — | |
| 50 | LRCX | Lam Research CORP | 股票-科技 | 0.31% | -0.37% | +6768.97% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | QQQM | Invesco Nasdaq 100 ETF | +6.5% | +3234.57% | 加碼 |
| 2 | TEVA | Teva Pharmaceutical-sp Adr | +3% | +14.79% | 加碼 |
| 3 | XLU | St Sr Utl Sl Se Spdr Etf-usd | +1.7% | +410.10% | 加碼 |
| 4 | GOOG | Alphabet Inc-cl C | +0.9% | +31.22% | 加碼 |
| 5 | TSEM | Tower Semiconductor Ltd. | +0.7% | +0.84% | 加碼 |
| 6 | AMAT | Applied Materials Inc | +0.6% | +97.69% | 加碼 |
| 7 | ORA | Ormat Technologies Inc | +0.5% | +155.83% | 加碼 |
| 8 | MSFT | Microsoft CORP | +0.5% | +89.41% | 加碼 |
| 9 | XLK | Ss Technology Select Sector | +0.4% | +163.54% | 加碼 |
| 10 | SMH | Vaneck Semiconductor ETF | +0.4% | +72.63% | 加碼 |
| 11 | LRCX | Lam Research CORP | +0.3% | +6768.97% | 加碼 |
| 12 | CCJ | Cameco CORP | +0.3% | +101.35% | 加碼 |
| 13 | SEDG | Solaredge Technologies Inc | +0.1% | +11143.21% | 加碼 |
| 14 | ENLT | Enlight Renewable Energy Ltd | +0.1% | — | 不變 |
| 15 | XLF | Ss Financial Select Sector | +0.1% | +27.35% | 加碼 |
| 16 | ABBV | Abbvie Inc | 0% | +29.27% | 加碼 |
| 17 | CEG | Constellation Energy | -0.1% | +4.67% | 加碼 |
| 18 | AMZN | Amazon.com Inc | -0.1% | +15.66% | 加碼 |
| 19 | ✓ | Innoviz Technologies LTD Shs | -0.1% | — | 不變 |
| 20 | CAMT | Camtek Ltd. | -0.1% | +11.96% | 加碼 |
| 21 | S | Sentinelone Inc -class A | -0.2% | -97.88% | 減碼 |
| 22 | XLY | Ss Consumer Disc Select Sect | -0.2% | +135.52% | 加碼 |
| 23 | BABA | Alibaba Group Holding-sp Adr | -0.2% | -0.16% | 減碼 |
| 24 | JEF | Jefferies Financial Group In | -0.4% | -50.13% | 減碼 |
| 25 | NVDA | Nvidia CORP | -0.4% | +10.03% | 加碼 |
| 26 | LLY | Eli Lilly & Co | -0.5% | -40.94% | 減碼 |
| 27 | TSM | Taiwan Semiconductor-sp Adr | -0.5% | -0.67% | 減碼 |
| 28 | XLV | Ss Health Care Select Sector | -0.6% | -52.09% | 減碼 |
| 29 | KWEB | Kranesh Csi China Internet | -0.6% | +0.35% | 加碼 |
| 30 | XLC | Ss Comm Select Sector Spdr | -0.6% | +4.88% | 加碼 |
| 31 | NVMI | Nova Ltd. | -0.6% | +7.02% | 加碼 |
| 32 | XLE | Ss Energy Select Sector | -0.6% | -97.26% | 減碼 |
| 33 | META | Meta Platforms Inc-class A | -0.7% | +13.96% | 加碼 |
| 34 | IGV | Ishares Expanded Tech-softwa | -0.9% | — | 不變 |
| 35 | AAPL | Apple Inc | -0.9% | -26.24% | 減碼 |
| 36 | NICE | Nice LTD - Spon Adr | -0.9% | +0.92% | 加碼 |
| 37 | XLP | Ss Consumer Staples Sel Sect | -1% | -99.93% | 減碼 |
| 38 | ORCL | Oracle CORP | -1% | -46.88% | 減碼 |
| 39 | KBWB | Invesco Kbw Bank ETF | -1.5% | -41.41% | 減碼 |
| 40 | XLI | Ss Industrial Select Sector | -1.6% | -9.52% | 減碼 |
| 41 | CQQQ | Invesco China Technology ETF | — | NEW | 新建倉 |
| 42 | EXE | Expand Energy CORP | — | NEW | 新建倉 |
| 43 | EQT | Eqt CORP | — | NEW | 新建倉 |
| 44 | HD | Home Depot Inc | — | NEW | 新建倉 |
| 45 | UBER | Uber Technologies Inc | — | NEW | 新建倉 |
| 46 | CHKP | Check Point Software Technologies Ltd. | — | NEW | 新建倉 |
| 47 | VRTX | Vertex Pharmaceuticals Inc | — | EXIT | 清倉 |
| 48 | ✓ | On Holding AG | — | EXIT | 清倉 |
| 49 | CROX | Crocs Inc | — | EXIT | 清倉 |
| 50 | ETN | Eaton Corporation plc | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Migdal Insurance & Financial Holdings Ltd. 在 Q4 2025 季度的美股持倉總市值約為 US$156.3億，共申報了 346 個公開持股部位。
在 Q4 2025 季度，Migdal Insurance & Financial Holdings Ltd. 按市值排列的前三大核心持股分別為：TEVA (10.0%)、QQQM (6.7%)、XLK (6.3%)。其中最大持股部位 TEVA 佔據整體投資組合約 10.0% 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
CQQQ
市值: US$9493.1萬
本季最大獲利了結 / 清倉標的
VRTX
前期市值: US$2937.3萬
在 Q4 2025 季度中，Migdal Insurance & Financial Holdings Ltd. 共進行了 47 項持倉異動，包含新建倉 7 個部位、加碼 25 個部位、減碼 12 個部位以及清倉 3 個部位。 其中最大新建倉標的為 CQQQ。 本季清倉部位包含 VRTX。
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。