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
8157 檔
13.0%
在 Q3 2025 的 13F 官方備案中，Morgan Stanley 管理的美股投資組合規模來到 US$1.9兆，整體持股檔數為 8157 檔。
Morgan Stanley 於 Q3 2025 展現出進攻型調倉步調，本季推動了 3 檔股票的新建倉與 116 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。
在資產配置集中度方面，Morgan Stanley 的前 5 大核心持股（包含 MSFT, NVDA, AAPL 等）合計佔整體申報市值的 13.0%，反映機構在主要關鍵部位上的權重分佈。
僅顯示前 200 大持股（共 8157 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 | MSFT | Microsoft CORP | 股票-科技 | 3.77% | -0.27% | +0.96% | |
| 2 | NVDA | Nvidia CORP | 股票-科技 | 3.65% | +0.17% | -0.85% | |
| 3 | AAPL | Apple Inc | 股票-科技 | 3.53% | -0.03% | -1.76% | |
| 4 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.17% | +0.08% | +1.47% | |
| 5 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.79% | +0.18% | -9.33% | |
| 6 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 1.64% | -0.31% | +10.02% | |
| 7 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.63% | -0.14% | -1.32% | |
| 8 | AVGO | Broadcom Inc | 股票-科技 | 1.46% | +0.16% | -0.98% | |
| 9 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.25% | -0.05% | -2.30% | |
| 10 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.04% | +0.11% | -3.90% | |
| 11 | V | Visa Inc-class A Shares | 股票-金融 | 0.99% | -0.01% | -3.96% | |
| 12 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 0.99% | +0.06% | -1.80% | |
| 13 | TSLA | Tesla Inc | 股票-循環性消費 | 0.97% | -0.02% | -16.40% | |
| 14 | VOO | Vanguard S&p 500 ETF | ETF-大型股與成長 | 0.94% | +0.02% | +9.14% | |
| 15 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 0.89% | +0.07% | +20.62% | |
| 16 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.81% | -0.07% | -2.27% | |
| 17 | IWF | Ishares Russell 1000 Growth | ETF-其他 | 0.77% | +0.02% | -1.16% | |
| 18 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.70% | +0.17% | +2.13% | |
| 19 | NFLX | Netflix Inc | 股票-通訊服務 | 0.62% | -0.19% | +1.76% | |
| 20 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.58% | +0.02% | -0.11% | |
| 21 | HD | Home Depot Inc | 股票-循環性消費 | 0.55% | -0.02% | -0.37% | |
| 22 | MA | Mastercard Inc - A | 股票-金融 | 0.55% | -0.05% | -1.71% | |
| 23 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.54% | -0.06% | +2.65% | |
| 24 | WMT | Walmart Inc | 股票-非循環性消費 | 0.53% | -0.11% | -0.32% | |
| 25 | IEFA | Ishares Core Msci Eafe ETF | ETF-其他 | 0.53% | -0.03% | +1.39% | |
| 26 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.53% | -0.08% | -1.64% | |
| 27 | XOM | Exxon Mobil CORP | 股票-能源 | 0.51% | -0.20% | +1.04% | |
| 28 | BND | Vanguard Total Bond Market | ETF-其他 | 0.49% | -0.06% | +2.01% | |
| 29 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.48% | -0.06% | -1.29% | |
| 30 | UBER | Uber Technologies Inc | 股票-工業 | 0.46% | -0.05% | +4.77% | |
| 31 | ORCL | Oracle CORP | 股票-科技 | 0.45% | -0.02% | -13.35% | |
| 32 | IWD | Ishares Russell 1000 Value E | ETF-其他 | 0.45% | -0.02% | +1.97% | |
| 33 | VUG | Vanguard Growth ETF | ETF-其他 | 0.43% | +0.02% | +1.47% | |
| 34 | IEMG | Ishares Core Msci Emerging | ETF-新興市場 | 0.39% | +0.03% | +2.24% | |
| 35 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.38% | -0.03% | +5.41% | |
| 36 | PANW | Palo Alto Networks Inc | 股票-科技 | 0.38% | +0.22% | +0.59% | |
| 37 | VTV | Vanguard Value ETF | ETF-其他 | 0.38% | +0.01% | +1.65% | |
| 38 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 0.37% | -0.03% | -1.21% | |
| 39 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.37% | +0.03% | -7.76% | |
| 40 | CVX | Chevron CORP | 股票-能源 | 0.34% | -0.14% | +9.08% | |
| 41 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.33% | -0.07% | -8.22% | |
| 42 | RSP | Invesco S&p 500 Equal Weight | ETF-大型股與成長 | 0.33% | -0.02% | -11.00% | |
| 43 | BX | Blackstone Inc | 股票-金融 | 0.33% | -0.01% | +1.78% | |
| 44 | BAC | Bank Of America CORP | 股票-金融 | 0.32% | +0.03% | -1.02% | |
| 45 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.32% | +0.09% | +0.89% | |
| 46 | ABT | Abbott Laboratories | 股票-醫療保健 | 0.31% | -0.06% | +9.74% | |
| 47 | CSCO | Cisco Systems Inc | 股票-科技 | 0.31% | +0.14% | +6.80% | |
| 48 | NEE | Nextera Energy Inc | 股票-公用事業 | 0.30% | -0.07% | +3.36% | |
| 49 | RTX | Rtx CORP | 股票-工業 | 0.30% | -0.04% | +2.59% | |
| 50 | AMD | Advanced Micro Devices | 股票-科技 | 0.29% | +0.46% | +1.50% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +1% | -0.85% | 減碼 |
| 2 | AVGO | Broadcom Inc | +0.5% | -0.98% | 減碼 |
| 3 | MSFT | Microsoft CORP | +0.5% | +0.96% | 減碼 |
| 4 | GOOGL | Alphabet Inc-cl A | +0.4% | -9.33% | 減碼 |
| 5 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.3% | +10.02% | 加碼 |
| 6 | GOOG | Alphabet Inc-cl C | +0.2% | -3.90% | 減碼 |
| 7 | ORCL | Oracle CORP | +0.2% | -13.35% | 減碼 |
| 8 | QQQ | Invesco Qqq Trust Series 1 | +0.2% | +20.62% | 加碼 |
| 9 | PLTR | Palantir Technologies Inc-a | +0.1% | -8.22% | 減碼 |
| 10 | TSLA | Tesla Inc | +0.1% | -16.40% | 減碼 |
| 11 | IWF | Ishares Russell 1000 Growth | +0.1% | -1.16% | 加碼 |
| 12 | APP | Applovin Corp-class A | +0.1% | -2.73% | 減碼 |
| 13 | GEV | GE Vernova Inc | +0.1% | +2.70% | 加碼 |
| 14 | BSV | Vanguard Short-term Bond ETF | +0.1% | +2.67% | 加碼 |
| 15 | PBUS | Invesco Msci USA ETF | +0.1% | +717.63% | 加碼 |
| 16 | IONQ | Ionq Inc | +0.1% | +29.86% | 加碼 |
| 17 | GE | General Electric | +0.1% | +4.59% | 加碼 |
| 18 | NET | Cloudflare Inc - Class A | +0.1% | -5.10% | 減碼 |
| 19 | META | Meta Platforms Inc-class A | +0.1% | -1.32% | 減碼 |
| 20 | AMD | Advanced Micro Devices | +0.1% | +1.50% | 加碼 |
| 21 | SNPS | Synopsys Inc | +0.1% | +139.49% | 加碼 |
| 22 | RBLX | Roblox CORP -class A | +0.1% | +5.73% | 減碼 |
| 23 | VOO | Vanguard S&p 500 ETF | +0.1% | +9.14% | 加碼 |
| 24 | VUG | Vanguard Growth ETF | +0.1% | +1.47% | 加碼 |
| 25 | ETN | Eaton Corporation plc | +0.1% | +1.91% | 加碼 |
| 26 | MU | Micron Technology Inc | +0.1% | +7.12% | 減碼 |
| 27 | COF | Capital One Financial CORP | +0.1% | +3.12% | 加碼 |
| 28 | NFLX | Netflix Inc | +0.1% | +1.76% | 減碼 |
| 29 | SHOP | Shopify Inc - Class A | +0.1% | -0.16% | 減碼 |
| 30 | ANET | Arista Networks Inc | +0.1% | +1.97% | 減碼 |
| 31 | LRCX | Lam Research CORP | +0.1% | +4.19% | 減碼 |
| 32 | CEG | Constellation Energy | +0.1% | -0.97% | 加碼 |
| 33 | APH | Amphenol Corp-cl A | +0.1% | -7.44% | 減碼 |
| 34 | QXO | Qxo Inc | +0.1% | +17.89% | 加碼 |
| 35 | CAT | Caterpillar Inc | 0% | -0.70% | 加碼 |
| 36 | XLK | Ss Technology Select Sector | 0% | -12.13% | 加碼 |
| 37 | KLAC | Kla CORP | 0% | +12.03% | 加碼 |
| 38 | HOOD | Robinhood Markets Inc - A | 0% | -17.47% | 減碼 |
| 39 | WDC | Western Digital CORP | 0% | +7.36% | 加碼 |
| 40 | STX | Seagate Technology Holdings plc | 0% | -7.82% | 減碼 |
| 41 | MDB | Mongodb Inc | 0% | +52.22% | 加碼 |
| 42 | VST | Vistra CORP | 0% | +0.22% | 加碼 |
| 43 | JPM | Jpmorgan Chase & Co | 0% | -2.30% | 減碼 |
| 44 | UBER | Uber Technologies Inc | 0% | +4.77% | 減碼 |
| 45 | IEMG | Ishares Core Msci Emerging | 0% | +2.24% | 加碼 |
| 46 | GS | Goldman Sachs Group Inc | 0% | -7.76% | 減碼 |
| 47 | PANW | Palo Alto Networks Inc | 0% | +0.59% | 加碼 |
| 48 | BX | Blackstone Inc | 0% | +1.78% | 加碼 |
| 49 | RTX | Rtx CORP | 0% | +2.59% | 加碼 |
| 50 | WFC | Wells Fargo & Co | 0% | +7.94% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Morgan Stanley 在 Q3 2025 季度的美股持倉總市值約為 US$1.9兆，共申報了 8157 個公開持股部位。
在 Q3 2025 季度，Morgan Stanley 按市值排列的前三大核心持股分別為：MSFT (3.8%)、NVDA (3.6%)、AAPL (3.5%)。其中最大持股部位 MSFT 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。
本季最大新建倉標的
BMNR
市值: US$5.0億
本季最大獲利了結 / 清倉標的
DFSEUR
前期市值: US$7.9億
在 Q3 2025 季度中，Morgan Stanley 共進行了 200 項持倉異動，包含新建倉 3 個部位、加碼 116 個部位、減碼 78 個部位以及清倉 3 個部位。 其中最大新建倉標的為 BMNR。 本季清倉部位包含 DFSEUR。
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。