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: 0001273087
申報總市值
US$2762.9億
US$2762.9億
4153 檔
10.0%
Millennium Management LLC 在 Q1 2025 季度的美股部位總計估值為 US$2762.9億，分散於 4153 個持倉標的之中，反映其市場參與廣度與投資規模。
Millennium Management LLC 於 Q1 2025 展現出進攻型調倉步調，本季推動了 17 檔股票的新建倉與 112 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 IWM, QQQ, IVV）累計市值佔比達 10.0%，是驅動 Millennium Management LLC 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 4153 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 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 3.94% | -0.20% | -8.72% | |
| 2 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 3.31% | +0.23% | +7.91% | |
| 3 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 2.78% | +0.40% | +67.68% | |
| 4 | NVDA | Nvidia CORP | 股票-科技 | 2.66% | +0.25% | -3.11% | |
| 5 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.01% | +0.03% | +13.03% | |
| 6 | MSFT | Microsoft CORP | 股票-科技 | 1.92% | -0.13% | +6.42% | |
| 7 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 1.90% | +2.43% | -23.61% | |
| 8 | AAPL | Apple Inc | 股票-科技 | 1.87% | -0.42% | -17.99% | |
| 9 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.69% | -0.40% | -24.09% | |
| 10 | TSLA | Tesla Inc | 股票-循環性消費 | 1.26% | -0.36% | -7.85% | |
| 11 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.21% | -0.20% | +48.77% | |
| 12 | AVGO | Broadcom Inc | 股票-科技 | 0.95% | -0.09% | -31.82% | |
| 13 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-非投資等級債 | 0.93% | -0.14% | +72.96% | |
| 14 | BAC | Bank Of America CORP | 股票-金融 | 0.64% | -0.26% | +3.31% | |
| 15 | XLF | Ss Financial Select Sector | ETF-其他 | 0.60% | -0.50% | +1.80% | |
| 16 | XLE | Ss Energy Select Sector | ETF-其他 | 0.57% | -0.17% | -1.47% | |
| 17 | AMD | Advanced Micro Devices | 股票-科技 | 0.55% | +0.88% | +30.59% | |
| 18 | NFLX | Netflix Inc | 股票-通訊服務 | 0.52% | -0.18% | -32.37% | |
| 19 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.52% | -0.01% | -10.13% | |
| 20 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.51% | +0.06% | +6.90% | |
| 21 | WFC | Wells Fargo & Co | 股票-金融 | 0.49% | — | -45.36% | |
| 22 | BSX | Boston Scientific CORP | 股票-醫療保健 | 0.47% | -0.05% | -6.58% | |
| 23 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.46% | -0.13% | +13.94% | |
| 24 | IBIT | Ishares Bitcoin Trust ETF | ETF-加密貨幣 | 0.45% | -0.19% | -39.36% | |
| 25 | EEM | Ishares Msci Emerging Market | ETF-新興市場 | 0.44% | -0.04% | -35.30% | |
| 26 | CRH | CRH plc | 股票-原物料 | 0.43% | -1.17% | -65.28% | |
| 27 | BABA | Alibaba Group Holding-sp Adr | 股票-循環性消費 | 0.43% | -0.15% | -12.31% | |
| 28 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.41% | -0.06% | -9.98% | |
| 29 | FXI | Ishares China Large-cap ETF | ETF-新興市場 | 0.40% | -0.04% | +69.81% | |
| 30 | HD | Home Depot Inc | 股票-循環性消費 | 0.39% | -0.13% | +32.78% | |
| 31 | MS | Morgan Stanley | 股票-金融 | 0.39% | -0.23% | -21.08% | |
| 32 | SCHW | Schwab (charles) CORP | 股票-金融 | 0.38% | +0.09% | +7.37% | |
| 33 | XOM | Exxon Mobil CORP | 股票-能源 | 0.38% | -0.57% | -24.59% | |
| 34 | MA | Mastercard Inc - A | 股票-金融 | 0.37% | -0.13% | +0.55% | |
| 35 | DHR | Danaher CORP | 股票-醫療保健 | 0.37% | +0.14% | +192.20% | |
| 36 | ADBE | Adobe Inc | 股票-科技 | 0.35% | -0.02% | +18.98% | |
| 37 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.33% | -0.03% | -49.27% | |
| 38 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.32% | -0.09% | +32.75% | |
| 39 | INTU | Intuit Inc | 股票-科技 | 0.30% | +0.02% | +58.04% | |
| 40 | WMT | Walmart Inc | 股票-非循環性消費 | 0.29% | -0.06% | -21.28% | |
| 41 | XLK | Ss Technology Select Sector | ETF-科技型 | 0.29% | +0.04% | +64.64% | |
| 42 | DIA | Ss Spdr Dow Jones Indus Avg | ETF-大型股與成長 | 0.28% | +0.25% | +78.32% | |
| 43 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.28% | +0.05% | +4.53% | |
| 44 | V | Visa Inc-class A Shares | 股票-金融 | 0.28% | -0.06% | -33.81% | |
| 45 | PYPL | Paypal Holdings Inc | 股票-金融 | 0.27% | -0.02% | +99.45% | |
| 46 | XLU | St Sr Utl Sl Se Spdr Etf-usd | ETF-其他 | 0.27% | -0.07% | +80.69% | |
| 47 | COF | Capital One Financial CORP | 股票-金融 | 0.27% | -0.09% | -20.37% | |
| 48 | FBTC | Fidelity Wise Origin Bitcoin | ETF-加密貨幣 | 0.27% | -0.05% | -18.20% | |
| 49 | LIN | Linde plc | 股票-原物料 | 0.27% | -0.01% | +198.60% | |
| 50 | XLY | Ss Consumer Disc Select Sect | ETF-其他 | 0.27% | -0.07% | -41.82% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | IVV | Ishares Core S&p 500 ETF | +2.8% | +67.68% | 加碼 |
| 2 | NVDA | Nvidia CORP | +1.7% | -3.11% | 加碼 |
| 3 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.7% | -23.61% | 加碼 |
| 4 | AVGO | Broadcom Inc | +0.6% | -31.82% | 加碼 |
| 5 | BSX | Boston Scientific CORP | +0.4% | -6.58% | 加碼 |
| 6 | LLY | Eli Lilly & Co | +0.4% | -10.13% | 加碼 |
| 7 | BAC | Bank Of America CORP | +0.4% | +3.31% | 加碼 |
| 8 | SCHW | Schwab (charles) CORP | +0.4% | +7.37% | 加碼 |
| 9 | FXI | Ishares China Large-cap ETF | +0.3% | +69.81% | 加碼 |
| 10 | MRK | Merck & Co. Inc. | +0.3% | +32.75% | 加碼 |
| 11 | WFC | Wells Fargo & Co | +0.3% | -45.36% | 加碼 |
| 12 | XOM | Exxon Mobil CORP | +0.3% | -24.59% | 加碼 |
| 13 | DIA | Ss Spdr Dow Jones Indus Avg | +0.3% | +78.32% | 加碼 |
| 14 | GOOGL | Alphabet Inc-cl A | +0.3% | +48.77% | 加碼 |
| 15 | XLE | Ss Energy Select Sector | +0.3% | -1.47% | 加碼 |
| 16 | DHR | Danaher CORP | +0.3% | +192.20% | 加碼 |
| 17 | XLU | St Sr Utl Sl Se Spdr Etf-usd | +0.2% | +80.69% | 加碼 |
| 18 | EQIX | Equinix Inc | +0.2% | +66.36% | 加碼 |
| 19 | COF | Capital One Financial CORP | +0.2% | -20.37% | 加碼 |
| 20 | EEM | Ishares Msci Emerging Market | +0.2% | -35.30% | 加碼 |
| 21 | MSCI | Msci Inc | +0.2% | +169.50% | 加碼 |
| 22 | INTU | Intuit Inc | +0.2% | +58.04% | 加碼 |
| 23 | AMD | Advanced Micro Devices | +0.2% | +30.59% | 加碼 |
| 24 | GILD | Gilead Sciences Inc | +0.2% | +170.68% | 加碼 |
| 25 | HES | Hess CORP | +0.2% | -21.76% | 加碼 |
| 26 | CG | Carlyle Group Inc/the | +0.2% | +443.60% | 加碼 |
| 27 | TMUS | T-mobile US Inc | +0.2% | +92.77% | 加碼 |
| 28 | PLTR | Palantir Technologies Inc-a | +0.2% | +357.83% | 加碼 |
| 29 | SPGI | S&p Global Inc | +0.2% | +14.74% | 加碼 |
| 30 | IWM | Ishares Russell 2000 ETF | +0.2% | -8.72% | 加碼 |
| 31 | UNH | Unitedhealth Group Inc | +0.2% | +6.90% | 加碼 |
| 32 | HD | Home Depot Inc | +0.2% | +32.78% | 加碼 |
| 33 | MA | Mastercard Inc - A | +0.2% | +0.55% | 加碼 |
| 34 | FICO | Fair Isaac CORP | +0.2% | +60.98% | 加碼 |
| 35 | FHN | First Horizon CORP | +0.2% | -22.48% | 加碼 |
| 36 | BA | Boeing Co/the | +0.2% | -0.13% | 加碼 |
| 37 | BKNG | Booking Holdings Inc | +0.2% | +16.79% | 加碼 |
| 38 | COST | Costco Wholesale CORP | +0.2% | +4.53% | 加碼 |
| 39 | TSM | Taiwan Semiconductor-sp Adr | +0.2% | +14.66% | 加碼 |
| 40 | DLTR | Dollar Tree Inc | +0.2% | +3.55% | 加碼 |
| 41 | TECK | Teck Resources Ltd-cls B | +0.2% | +19.41% | 加碼 |
| 42 | EQT | Eqt CORP | +0.2% | +32.96% | 加碼 |
| 43 | CVE | Cenovus Energy Inc | +0.1% | -13.05% | 加碼 |
| 44 | MSTR | Strategy Inc | +0.1% | +54.36% | 加碼 |
| 45 | MRVL | Marvell Technology Inc | +0.1% | +4.84% | 加碼 |
| 46 | BRK-B | Berkshire Hathaway Inc-cl B | +0.1% | -9.98% | 減碼 |
| 47 | DTE | Dte Energy Company | +0.1% | +94.76% | 加碼 |
| 48 | HDB | Hdfc Bank Ltd-adr | +0.1% | -0.50% | 加碼 |
| 49 | LNG | Cheniere Energy Inc | +0.1% | -45.78% | 加碼 |
| 50 | DFSEUR | Discover Financial Services | +0.1% | -12.77% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Millennium Management LLC 在 Q1 2025 季度的美股持倉總市值約為 US$2762.9億，共申報了 4153 個公開持股部位。
在 Q1 2025 季度，Millennium Management LLC 按市值排列的前三大核心持股分別為：IWM (3.9%)、QQQ (3.3%)、IVV (2.8%)。其中最大持股部位 IWM 佔據整體投資組合約 3.9% 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
IBIT
市值: US$8.5億
本季最大獲利了結 / 清倉標的
ALXN
前期市值: US$9.5億
在 Q1 2025 季度中，Millennium Management LLC 共進行了 200 項持倉異動，包含新建倉 17 個部位、加碼 112 個部位、減碼 48 個部位以及清倉 23 個部位。 其中最大新建倉標的為 IBIT。 本季清倉部位包含 ALXN。
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。