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: 0001461287
申報總市值
US$14.5億
US$14.5億
161 檔
24.9%
截至 Q4 2024 季度末，Narwhal Capital Management 的美股持倉估值約為 US$14.5億，全數申報部位共有 161 檔。
Narwhal Capital Management 在 Q4 2024 的調整主要集中於風險出清，清倉與減碼部位合計達 30 檔，反映機構對當前市場環境或個別公司估值採取較為保留之看法。
整體而言，Narwhal Capital Management 的前 5 大持股（包含 IVV, NVDA, AAPL）貢獻了組合市值的 24.9%，形成該機構在 Q4 2024 季度的基本面基石。
| # | 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 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 8.71% | +0.77% | +7.72% | |
| 2 | NVDA | Nvidia CORP | 股票-科技 | 6.25% | +0.46% | -3.52% | |
| 3 | AAPL | Apple Inc | 股票-科技 | 6.07% | +0.37% | -0.98% | |
| 4 | MSFT | Microsoft CORP | 股票-科技 | 5.89% | -0.30% | -0.37% | |
| 5 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 4.99% | +0.76% | -1.85% | |
| 6 | AMZN | Amazon.com Inc | 股票-循環性消費 | 4.02% | +0.36% | -1.35% | |
| 7 | IAU | Ishares Gold Trust | ETF-避險與商品 | 2.98% | -0.87% | -0.10% | |
| 8 | VMC | Vulcan Materials Co | 股票-原物料 | 2.83% | +0.02% | -0.82% | |
| 9 | JPM | Jpmorgan Chase & Co | 股票-金融 | 2.66% | +0.11% | -5.87% | |
| 10 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.27% | -0.21% | -12.49% | |
| 11 | BLK | Blackrock Inc | 股票-金融 | 1.97% | -0.18% | — | |
| 12 | HD | Home Depot Inc | 股票-循環性消費 | 1.91% | -0.05% | -9.67% | |
| 13 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 1.62% | +0.04% | -15.61% | |
| 14 | LMT | Lockheed Martin CORP | 股票-工業 | 1.56% | -0.55% | +26.69% | |
| 15 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.53% | +0.23% | +4.92% | |
| 16 | IVE | Ishares S&p 500 Value ETF | ETF-大型股與成長 | 1.51% | — | -0.68% | |
| 17 | GS | Goldman Sachs Group Inc | 股票-金融 | 1.43% | +0.12% | -18.40% | |
| 18 | V | Visa Inc-class A Shares | 股票-金融 | 1.38% | -0.11% | +6.94% | |
| 19 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 1.31% | -0.08% | -3.10% | |
| 20 | AXP | American Express Co | 股票-金融 | 1.30% | +0.10% | -2.87% | |
| 21 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.28% | -0.06% | +2.20% | |
| 22 | QCOM | Qualcomm Inc | 股票-科技 | 1.25% | +0.30% | -1.29% | |
| 23 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 1.21% | -0.11% | -2.78% | |
| 24 | IWF | Ishares Russell 1000 Growth | ETF-其他 | 1.10% | +0.09% | — | |
| 25 | NEE | Nextera Energy Inc | 股票-公用事業 | 1.07% | -0.24% | +6.27% | |
| 26 | GD | General Dynamics CORP | 股票-工業 | 0.91% | -0.02% | +3.68% | |
| 27 | LHX | L3harris Technologies Inc | 股票-工業 | 0.85% | -0.38% | -5.97% | |
| 28 | ADI | Analog Devices Inc | 股票-科技 | 0.83% | +0.30% | -1.81% | |
| 29 | CSCO | Cisco Systems Inc | 股票-科技 | 0.82% | +0.48% | +8.57% | |
| 30 | AVGO | Broadcom Inc | 股票-科技 | 0.80% | +0.27% | — | |
| 31 | CAT | Caterpillar Inc | 股票-工業 | 0.80% | +0.42% | +9.90% | |
| 32 | BTT | Blackrock 2030 Muni Trgt Trm | 股票-其他 | 0.80% | -0.60% | EXIT | |
| 33 | NOC | Northrop Grumman CORP | 股票-工業 | 0.79% | -0.26% | +0.63% | |
| 34 | PEP | Pepsico Inc | 股票-非循環性消費 | 0.77% | -0.23% | +5.88% | |
| 35 | PM | Philip Morris International | 股票-非循環性消費 | 0.75% | -0.06% | -9.45% | |
| 36 | XOM | Exxon Mobil CORP | 股票-能源 | 0.74% | -0.44% | -19.58% | |
| 37 | BX | Blackstone Inc | 股票-金融 | 0.73% | -0.10% | -2.92% | |
| 38 | RTX | Rtx CORP | 股票-工業 | 0.64% | +0.02% | -6.17% | |
| 39 | GGG | Graco Inc | 股票-工業 | 0.62% | +0.05% | -9.44% | |
| 40 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.61% | -0.04% | -14.06% | |
| 41 | STZ | Constellation Brands Inc-a | 股票-非循環性消費 | 0.60% | -0.01% | -8.12% | |
| 42 | MLR | Miller Industries Inc/tenn | 股票-其他 | 0.58% | — | -10.87% | |
| 43 | CP | Canadian Pacific Kansas City | 股票-工業 | 0.56% | +0.10% | -6.88% | |
| 44 | CINF | Cincinnati Financial CORP | 股票-金融 | 0.54% | +0.05% | -32.37% | |
| 45 | HCA | Hca Healthcare Inc | 股票-醫療保健 | 0.52% | -0.22% | -15.99% | |
| 46 | VLO | Valero Energy CORP | 股票-能源 | 0.52% | -0.02% | -3.46% | |
| 47 | ABT | Abbott Laboratories | 股票-醫療保健 | 0.51% | -0.37% | +130.43% | |
| 48 | IVW | Ishares S&p 500 Growth ETF | ETF-大型股與成長 | 0.50% | +0.06% | — | |
| 49 | CRH | CRH plc | 股票-原物料 | 0.49% | -0.01% | -6.43% | |
| 50 | ENTG | Entegris Inc | 股票-科技 | 0.46% | +0.19% | -15.09% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | BLK | Blackrock Inc | +2% | NEW | 新建倉 |
| 2 | AVGO | Broadcom Inc | +0.8% | NEW | 新建倉 |
| 3 | IVV | Ishares Core S&p 500 ETF | +0.6% | +7.72% | 加碼 |
| 4 | AMZN | Amazon.com Inc | +0.5% | -1.35% | 減碼 |
| 5 | GOOG | Alphabet Inc-cl C | +0.5% | -1.85% | 減碼 |
| 6 | CSGP | Costar Group Inc | +0.3% | NEW | 新建倉 |
| 7 | NVDA | Nvidia CORP | +0.3% | -3.52% | 減碼 |
| 8 | ABT | Abbott Laboratories | +0.3% | +130.43% | 加碼 |
| 9 | AAPL | Apple Inc | +0.3% | -0.98% | 減碼 |
| 10 | MUSA | Murphy USA Inc | +0.3% | +460.50% | 加碼 |
| 11 | V | Visa Inc-class A Shares | +0.2% | +6.94% | 加碼 |
| 12 | DPZ | Domino's Pizza Inc | +0.2% | +84.55% | 加碼 |
| 13 | SLB | Slb LTD | +0.2% | +225.53% | 加碼 |
| 14 | TSLA | Tesla Inc | +0.2% | +51.98% | 加碼 |
| 15 | JPM | Jpmorgan Chase & Co | +0.1% | -5.87% | 減碼 |
| 16 | CSCO | Cisco Systems Inc | +0.1% | +8.57% | 加碼 |
| 17 | MLI | Mueller Industries Inc | +0.1% | +53.66% | 加碼 |
| 18 | AVB | Avalonbay Communities Inc | +0.1% | NEW | 新建倉 |
| 19 | NTRA | Natera Inc | +0.1% | NEW | 新建倉 |
| 20 | LULU | Lululemon Athletica Inc | +0.1% | +47.53% | 加碼 |
| 21 | ELV | Elevance Health Inc | -0.1% | -13.20% | 減碼 |
| 22 | CVS | Cvs Health CORP | -0.1% | -57.52% | 減碼 |
| 23 | NOC | Northrop Grumman CORP | -0.1% | +0.63% | 加碼 |
| 24 | NVS | Novartis Ag-sponsored Adr | -0.1% | -1.24% | 減碼 |
| 25 | DEO | Diageo Plc-sponsored Adr | -0.1% | -44.86% | 減碼 |
| 26 | RH | Rh | -0.1% | -40.09% | 減碼 |
| 27 | BTT | Blackrock 2030 Muni Trgt Trm | -0.1% | -6.82% | 減碼 |
| 28 | GD | General Dynamics CORP | -0.1% | +3.68% | 加碼 |
| 29 | GGG | Graco Inc | -0.1% | -9.44% | 減碼 |
| 30 | VNQ | Vanguard Real Estate ETF | -0.1% | -21.67% | 減碼 |
| 31 | NEE | Nextera Energy Inc | -0.1% | +6.27% | 加碼 |
| 32 | ADBE | Adobe Inc | -0.1% | -19.59% | 減碼 |
| 33 | JNJ | Johnson & Johnson | -0.2% | +2.20% | 加碼 |
| 34 | VOO | Vanguard S&p 500 ETF | -0.2% | EXIT | 清倉 |
| 35 | NOV | Nov Inc | -0.2% | -33.64% | 減碼 |
| 36 | ENTG | Entegris Inc | -0.2% | -15.09% | 減碼 |
| 37 | CP | Canadian Pacific Kansas City | -0.2% | -6.88% | 減碼 |
| 38 | STZ | Constellation Brands Inc-a | -0.2% | -8.12% | 減碼 |
| 39 | QCOM | Qualcomm Inc | -0.2% | -1.29% | 減碼 |
| 40 | LLY | Eli Lilly & Co | -0.2% | +4.92% | 加碼 |
| 41 | LHX | L3harris Technologies Inc | -0.2% | -5.97% | 減碼 |
| 42 | APY1EUR | Championx CORP | -0.2% | -30.39% | 減碼 |
| 43 | CINF | Cincinnati Financial CORP | -0.2% | -32.37% | 減碼 |
| 44 | MRK | Merck & Co. Inc. | -0.2% | -2.78% | 減碼 |
| 45 | MSFT | Microsoft CORP | -0.3% | -0.37% | 減碼 |
| 46 | XOM | Exxon Mobil CORP | -0.3% | -19.58% | 減碼 |
| 47 | META | Meta Platforms Inc-class A | -0.3% | -12.49% | 減碼 |
| 48 | HCA | Hca Healthcare Inc | -0.3% | -15.99% | 減碼 |
| 49 | HD | Home Depot Inc | -0.3% | -9.67% | 減碼 |
| 50 | UNH | Unitedhealth Group Inc | -0.6% | -15.61% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Narwhal Capital Management 在 Q4 2024 季度的美股持倉總市值約為 US$14.5億，共申報了 161 個公開持股部位。
在 Q4 2024 季度，Narwhal Capital Management 按市值排列的前三大核心持股分別為：IVV (8.7%)、NVDA (6.3%)、AAPL (6.1%)。其中最大持股部位 IVV 佔據整體投資組合約 8.7% 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
BLK
市值: US$2226.0萬
本季最大獲利了結 / 清倉標的
VOO
前期市值: US$180.9萬
在 Q4 2024 季度中，Narwhal Capital Management 共進行了 50 項持倉異動，包含新建倉 5 個部位、加碼 15 個部位、減碼 29 個部位以及清倉 1 個部位。 其中最大新建倉標的為 BLK。 本季清倉部位包含 VOO。
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。