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: 0000895421
申報總市值
US$1.9兆
US$1.9兆
8086 檔
10.1%
根據最新整理的 13F 季度數據集，Morgan Stanley 於 Q1 2025 結束時的管理資產規模為 US$1.9兆。該機構在本季度申報了 8086 檔美股持倉，呈現出該時期的主要投資地圖。
觀察 Q1 2025 的申報異動，Morgan Stanley 採取了強勁的買進策略，建倉與加碼動作（合計 115 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 AAPL, MSFT, NVDA）占據了總市值的 10.1%，展現出該機構在 Q1 2025 的重點資金聚焦與風險分佈特徵。
僅顯示前 200 大持股（共 8086 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 | AAPL | Apple Inc | 股票-科技 | 3.83% | -0.03% | +1.24% | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 3.32% | -0.27% | -1.32% | |
| 3 | NVDA | Nvidia CORP | 股票-科技 | 2.67% | +0.17% | -1.57% | |
| 4 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.27% | +0.08% | -0.38% | |
| 5 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.56% | -0.14% | +4.89% | |
| 6 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.41% | +0.18% | +2.00% | |
| 7 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 1.37% | -0.31% | +2.84% | |
| 8 | V | Visa Inc-class A Shares | 股票-金融 | 1.27% | -0.01% | -0.22% | |
| 9 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.22% | -0.05% | +0.74% | |
| 10 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 1.06% | +0.06% | -5.44% | |
| 11 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.06% | -0.07% | -0.95% | |
| 12 | AVGO | Broadcom Inc | 股票-科技 | 0.91% | +0.16% | +1.38% | |
| 13 | VOO | Vanguard S&p 500 ETF | ETF-大型股與成長 | 0.88% | +0.02% | +4.98% | |
| 14 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.88% | +0.17% | +3.44% | |
| 15 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.85% | +0.11% | +0.84% | |
| 16 | TSLA | Tesla Inc | 股票-循環性消費 | 0.84% | -0.02% | +0.92% | |
| 17 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.80% | +0.09% | -0.15% | |
| 18 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 0.74% | +0.07% | +17.10% | |
| 19 | BND | Vanguard Total Bond Market | ETF-其他 | 0.67% | -0.06% | +7.30% | |
| 20 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.64% | -0.08% | -0.62% | |
| 21 | IWF | Ishares Russell 1000 Growth | ETF-其他 | 0.64% | +0.02% | +3.47% | |
| 22 | XOM | Exxon Mobil CORP | 股票-能源 | 0.63% | -0.20% | +5.36% | |
| 23 | MA | Mastercard Inc - A | 股票-金融 | 0.63% | -0.05% | +0.02% | |
| 24 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.62% | -0.06% | -0.20% | |
| 25 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.62% | +0.02% | +3.68% | |
| 26 | HD | Home Depot Inc | 股票-循環性消費 | 0.57% | -0.02% | -0.23% | |
| 27 | NFLX | Netflix Inc | 股票-通訊服務 | 0.57% | -0.19% | +1.75% | |
| 28 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.55% | -0.06% | +4.83% | |
| 29 | WMT | Walmart Inc | 股票-非循環性消費 | 0.52% | -0.11% | +6.29% | |
| 30 | IEFA | Ishares Core Msci Eafe ETF | ETF-其他 | 0.52% | -0.03% | -1.47% | |
| 31 | IWD | Ishares Russell 1000 Value E | ETF-其他 | 0.51% | -0.02% | -0.28% | |
| 32 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.44% | -0.03% | +4.33% | |
| 33 | UBER | Uber Technologies Inc | 股票-工業 | 0.43% | -0.05% | +1.64% | |
| 34 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 0.41% | -0.03% | +0.92% | |
| 35 | CVX | Chevron CORP | 股票-能源 | 0.41% | -0.14% | -1.11% | |
| 36 | VTV | Vanguard Value ETF | ETF-其他 | 0.40% | +0.01% | +4.02% | |
| 37 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.39% | -0.08% | +13.37% | |
| 38 | CRM | Salesforce Inc | 股票-科技 | 0.39% | -0.17% | +5.65% | |
| 39 | VUG | Vanguard Growth ETF | ETF-其他 | 0.37% | +0.02% | +0.74% | |
| 40 | RSP | Invesco S&p 500 Equal Weight | ETF-大型股與成長 | 0.37% | -0.02% | +3.33% | |
| 41 | AMGN | Amgen Inc | 股票-醫療保健 | 0.36% | -0.08% | +11.50% | |
| 42 | IEMG | Ishares Core Msci Emerging | ETF-新興市場 | 0.36% | +0.03% | +4.13% | |
| 43 | PANW | Palo Alto Networks Inc | 股票-科技 | 0.35% | +0.22% | -5.51% | |
| 44 | ABT | Abbott Laboratories | 股票-醫療保健 | 0.34% | -0.06% | +0.06% | |
| 45 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.34% | +0.03% | +8.15% | |
| 46 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 0.33% | -0.14% | +18.91% | |
| 47 | BAC | Bank Of America CORP | 股票-金融 | 0.32% | +0.03% | -14.36% | |
| 48 | CSCO | Cisco Systems Inc | 股票-科技 | 0.32% | +0.14% | +0.04% | |
| 49 | NEE | Nextera Energy Inc | 股票-公用事業 | 0.31% | -0.07% | +0.63% | |
| 50 | ACN | Accenture plc | 股票-科技 | 0.31% | -0.06% | +4.86% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | BRK-B | Berkshire Hathaway Inc-cl B | +0.2% | -0.95% | 減碼 |
| 2 | V | Visa Inc-class A Shares | +0.2% | -0.22% | 減碼 |
| 3 | ABBV | Abbvie Inc | +0.1% | +3.68% | 加碼 |
| 4 | JNJ | Johnson & Johnson | +0.1% | +4.83% | 加碼 |
| 5 | XOM | Exxon Mobil CORP | +0.1% | +5.36% | 加碼 |
| 6 | LLY | Eli Lilly & Co | +0.1% | +3.44% | 加碼 |
| 7 | AMGN | Amgen Inc | +0.1% | +11.50% | 加碼 |
| 8 | UBER | Uber Technologies Inc | +0.1% | +1.64% | 加碼 |
| 9 | KO | Coca-cola Co/the | +0.1% | +4.33% | 加碼 |
| 10 | MCD | Mcdonald's CORP | +0.1% | +13.37% | 加碼 |
| 11 | META | Meta Platforms Inc-class A | +0.1% | +4.89% | 加碼 |
| 12 | IBM | Intl Business Machines CORP | +0.1% | +17.75% | 加碼 |
| 13 | PGR | Progressive CORP | +0.1% | +22.80% | 加碼 |
| 14 | GLD | Spdr Gold Shares | +0.1% | +13.06% | 加碼 |
| 15 | SPGI | S&p Global Inc | +0.1% | +26.12% | 加碼 |
| 16 | BND | Vanguard Total Bond Market | +0.1% | +7.30% | 加碼 |
| 17 | QQQ | Invesco Qqq Trust Series 1 | +0.1% | +17.10% | 加碼 |
| 18 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | +0.1% | +98.82% | 加碼 |
| 19 | PM | Philip Morris International | +0.1% | -0.07% | 減碼 |
| 20 | T | At&t Inc | +0.1% | +9.35% | 加碼 |
| 21 | CVX | Chevron CORP | +0.1% | -1.11% | 減碼 |
| 22 | JPM | Jpmorgan Chase & Co | +0.1% | +0.74% | 加碼 |
| 23 | ABT | Abbott Laboratories | +0.1% | +0.06% | 加碼 |
| 24 | MSTR | Strategy Inc | +0.1% | +46.13% | 加碼 |
| 25 | SPOT | Spotify Technology S.A. | +0.1% | -2.21% | 減碼 |
| 26 | AJG | Arthur J Gallagher & Co | +0.1% | +10.16% | 加碼 |
| 27 | CRWD | Crowdstrike Holdings Inc - A | +0.1% | +21.18% | 加碼 |
| 28 | VZ | Verizon Communications Inc | 0% | +4.98% | 加碼 |
| 29 | WELL | Welltower Inc | 0% | +29.80% | 加碼 |
| 30 | TMUS | T-mobile US Inc | 0% | -3.65% | 減碼 |
| 31 | NFLX | Netflix Inc | 0% | +1.75% | 加碼 |
| 32 | AON | Aon plc | 0% | +4.08% | 加碼 |
| 33 | PLTR | Palantir Technologies Inc-a | 0% | +8.28% | 加碼 |
| 34 | WFC | Wells Fargo & Co | 0% | +12.10% | 加碼 |
| 35 | WMB | Williams Cos Inc | 0% | +22.38% | 加碼 |
| 36 | IEFA | Ishares Core Msci Eafe ETF | 0% | -1.47% | 減碼 |
| 37 | EFA | Ishares Msci Eafe ETF | 0% | +13.50% | 加碼 |
| 38 | MELI | Mercadolibre Inc | 0% | -3.19% | 減碼 |
| 39 | UNH | Unitedhealth Group Inc | 0% | -0.15% | 減碼 |
| 40 | MA | Mastercard Inc - A | 0% | +0.02% | 加碼 |
| 41 | VTEB | Vanguard Tax-exempt Bond ETF | 0% | +66.13% | 加碼 |
| 42 | GE | General Electric | 0% | +2.04% | 加碼 |
| 43 | CVS | Cvs Health CORP | 0% | +2.14% | 加碼 |
| 44 | EQT | Eqt CORP | 0% | +47.50% | 加碼 |
| 45 | MO | Altria Group Inc | 0% | +20.03% | 加碼 |
| 46 | ICE | Intercontinental Exchange In | 0% | -0.19% | 減碼 |
| 47 | PLD | Prologis Inc | 0% | +13.38% | 加碼 |
| 48 | ECL | Ecolab Inc | 0% | +18.42% | 加碼 |
| 49 | RTX | Rtx CORP | 0% | -2.76% | 減碼 |
| 50 | ETR | Entergy CORP | 0% | +60.79% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Morgan Stanley 在 Q1 2025 季度的美股持倉總市值約為 US$1.9兆，共申報了 8086 個公開持股部位。
在 Q1 2025 季度，Morgan Stanley 按市值排列的前三大核心持股分別為：AAPL (3.8%)、MSFT (3.3%)、NVDA (2.7%)。其中最大持股部位 AAPL 佔據整體投資組合約 3.8% 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。
本季最大獲利了結 / 清倉標的
MSFT
前期市值: US$529.0億
在 Q1 2025 季度中，Morgan Stanley 共進行了 200 項持倉異動，包含新建倉 0 個部位、加碼 115 個部位、減碼 85 個部位以及清倉 0 個部位。
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。