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: 0001608046
申報總市值
US$1550.8億
US$1550.8億
552 檔
20.4%
在 Q3 2025 申報期間，National Pension Service（CIK: 0001608046）向美國 SEC 提交的 Form 13F 報告顯示，其追蹤之股票投資組合總市值達 US$1550.8億，共持有 552 個公開申報部位。
Q3 2025 數據顯示 National Pension Service 積極進場，新開立 1 個部位並同步加碼 139 檔個股，反映機構在該季度的資金注入與籌碼積累。
從部位權重觀察，前 5 大標的（包含 NVDA, AAPL, MSFT）累計市值佔比達 20.4%，是驅動 National Pension Service 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 552 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 | NVDA | Nvidia CORP | 股票-科技 | 7.18% | -0.23% | +6.49% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 5.88% | -0.10% | +3.17% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 5.75% | -0.52% | +4.57% | |
| 4 | AMZN | Amazon.com Inc | 股票-循環性消費 | 3.23% | -0.01% | +3.19% | |
| 5 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.55% | -0.28% | +3.20% | |
| 6 | PBUS | Invesco Msci USA ETF | ETF-其他 | 2.47% | -0.06% | -32.92% | |
| 7 | AVGO | Broadcom Inc | 股票-科技 | 2.27% | +0.13% | +3.24% | |
| 8 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 2.26% | +0.23% | +3.14% | |
| 9 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 2.14% | -0.05% | — | |
| 10 | TSLA | Tesla Inc | 股票-循環性消費 | 1.96% | -0.03% | +2.98% | |
| 11 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.93% | +0.09% | +3.17% | |
| 12 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.34% | -0.06% | +3.39% | |
| 13 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.99% | -0.08% | +3.14% | |
| 14 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.94% | +0.14% | +3.17% | |
| 15 | NFLX | Netflix Inc | 股票-通訊服務 | 0.86% | -0.24% | +3.10% | |
| 16 | V | Visa Inc-class A Shares | 股票-金融 | 0.86% | -0.02% | +3.09% | |
| 17 | XOM | Exxon Mobil CORP | 股票-能源 | 0.81% | -0.37% | +3.08% | |
| 18 | ORCL | Oracle CORP | 股票-科技 | 0.75% | -0.05% | +3.06% | |
| 19 | WMT | Walmart Inc | 股票-非循環性消費 | 0.73% | -0.19% | +3.16% | |
| 20 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.72% | -0.13% | +2.73% | |
| 21 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.71% | -0.10% | +3.18% | |
| 22 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.71% | — | +2.99% | |
| 23 | MA | Mastercard Inc - A | 股票-金融 | 0.70% | -0.08% | +3.59% | |
| 24 | HD | Home Depot Inc | 股票-循環性消費 | 0.65% | -0.04% | +2.93% | |
| 25 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.63% | -0.19% | +2.47% | |
| 26 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.60% | -0.07% | +2.88% | |
| 27 | TGRW | T Rowe Price Growth Stock Et | ETF-其他 | 0.56% | — | +272.48% | |
| 28 | GE | General Electric | 股票-工業 | 0.56% | +0.07% | +2.71% | |
| 29 | BAC | Bank Of America CORP | 股票-金融 | 0.56% | — | +2.71% | |
| 30 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.50% | +0.13% | +2.96% | |
| 31 | CSCO | Cisco Systems Inc | 股票-科技 | 0.50% | +0.17% | +3.03% | |
| 32 | IBM | Intl Business Machines CORP | 股票-科技 | 0.49% | +0.01% | +2.90% | |
| 33 | PM | Philip Morris International | 股票-非循環性消費 | 0.48% | -0.01% | +2.65% | |
| 34 | CVX | Chevron CORP | 股票-能源 | 0.48% | -0.22% | +13.83% | |
| 35 | APP | Applovin Corp-class A | 股票-科技 | 0.46% | +0.02% | +5.33% | |
| 36 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.46% | -0.05% | +2.56% | |
| 37 | INFO | Harbor Panagora Dyc Lcc ETF | ETF-其他 | 0.45% | -0.01% | +918.34% | |
| 38 | WFC | Wells Fargo & Co | 股票-金融 | 0.43% | -0.05% | +3.40% | |
| 39 | AMD | Advanced Micro Devices | 股票-科技 | 0.42% | +0.80% | +2.76% | |
| 40 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.41% | +0.01% | +3.06% | |
| 41 | CRM | Salesforce Inc | 股票-科技 | 0.41% | -0.10% | +2.39% | |
| 42 | LSVD | Lsv Disciplined Value ETF | ETF-其他 | 0.40% | — | — | |
| 43 | DIS | Walt Disney Co/the | 股票-通訊服務 | 0.40% | -0.04% | +2.12% | |
| 44 | CAT | Caterpillar Inc | 股票-工業 | 0.38% | +0.16% | +3.11% | |
| 45 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.37% | -0.05% | +3.17% | |
| 46 | ABT | Abbott Laboratories | 股票-醫療保健 | 0.37% | -0.07% | +2.80% | |
| 47 | T | At&t Inc | 股票-通訊服務 | 0.37% | -0.14% | +3.88% | |
| 48 | MU | Micron Technology Inc | 股票-科技 | 0.37% | +1.41% | +4.37% | |
| 49 | LRCX | Lam Research CORP | 股票-科技 | 0.37% | +0.39% | +2.82% | |
| 50 | RTX | Rtx CORP | 股票-工業 | 0.36% | -0.05% | +2.81% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +2.2% | +6.49% | 加碼 |
| 2 | AVGO | Broadcom Inc | +0.8% | +3.24% | 減碼 |
| 3 | MSFT | Microsoft CORP | +0.8% | +4.57% | 加碼 |
| 4 | TSLA | Tesla Inc | +0.6% | +2.98% | 加碼 |
| 5 | GOOGL | Alphabet Inc-cl A | +0.6% | +3.14% | 加碼 |
| 6 | GOOG | Alphabet Inc-cl C | +0.4% | +3.17% | 加碼 |
| 7 | TGRW | T Rowe Price Growth Stock Et | +0.4% | +272.48% | 加碼 |
| 8 | INFO | Harbor Panagora Dyc Lcc ETF | +0.4% | +918.34% | 加碼 |
| 9 | APP | Applovin Corp-class A | +0.4% | +5.33% | 加碼 |
| 10 | ORCL | Oracle CORP | +0.3% | +3.06% | 加碼 |
| 11 | PLTR | Palantir Technologies Inc-a | +0.2% | +2.47% | 減碼 |
| 12 | LRCX | Lam Research CORP | +0.2% | +2.82% | 加碼 |
| 13 | HOOD | Robinhood Markets Inc - A | +0.2% | +9.58% | 加碼 |
| 14 | MU | Micron Technology Inc | +0.1% | +4.37% | 加碼 |
| 15 | APH | Amphenol Corp-cl A | +0.1% | +2.33% | 加碼 |
| 16 | NEM | Newmont CORP | +0.1% | +2.71% | 加碼 |
| 17 | RBLX | Roblox CORP -class A | +0.1% | +7.27% | 加碼 |
| 18 | ANET | Arista Networks Inc | +0.1% | +2.26% | 加碼 |
| 19 | HWM | Howmet Aerospace Inc | +0.1% | +7.72% | 加碼 |
| 20 | META | Meta Platforms Inc-class A | +0.1% | +3.20% | 加碼 |
| 21 | JPM | Jpmorgan Chase & Co | +0.1% | +3.39% | 加碼 |
| 22 | KLAC | Kla CORP | +0.1% | +2.54% | 加碼 |
| 23 | CEG | Constellation Energy | +0.1% | +1.72% | 加碼 |
| 24 | COF | Capital One Financial CORP | +0.1% | +3.96% | 加碼 |
| 25 | VST | Vistra CORP | +0.1% | +6.28% | 加碼 |
| 26 | GE | General Electric | +0.1% | +2.71% | 減碼 |
| 27 | AMD | Advanced Micro Devices | +0.1% | +2.76% | 加碼 |
| 28 | GS | Goldman Sachs Group Inc | +0.1% | +3.06% | 加碼 |
| 29 | AMAT | Applied Materials Inc | +0.1% | +2.55% | 加碼 |
| 30 | GEV | GE Vernova Inc | +0.1% | +0.68% | 加碼 |
| 31 | NFLX | Netflix Inc | +0.1% | +3.10% | 加碼 |
| 32 | SE | Sea Ltd-adr | +0.1% | +2.36% | 加碼 |
| 33 | COR | Cencora Inc | +0.1% | +2.32% | 加碼 |
| 34 | PWR | Quanta Services Inc | +0.1% | +0.89% | 加碼 |
| 35 | DASH | Doordash Inc - A | +0.1% | +1.12% | 加碼 |
| 36 | CTVA | Corteva Inc | +0.1% | +0.86% | 加碼 |
| 37 | COIN | Coinbase Global Inc -class A | +0.1% | +1.27% | 加碼 |
| 38 | AXON | Axon Enterprise Inc | +0.1% | +1.15% | 加碼 |
| 39 | CAT | Caterpillar Inc | +0.1% | +3.11% | 加碼 |
| 40 | MS | Morgan Stanley | +0.1% | +2.83% | 加碼 |
| 41 | C | Citigroup Inc | +0.1% | +3.69% | 加碼 |
| 42 | RSG | Republic Services Inc | +0.1% | +1.21% | 加碼 |
| 43 | SCHW | Schwab (charles) CORP | +0.1% | +1.57% | 加碼 |
| 44 | INTC | Intel CORP | +0.1% | +1.52% | 加碼 |
| 45 | ADI | Analog Devices Inc | +0.1% | +1.84% | 加碼 |
| 46 | JNJ | Johnson & Johnson | +0.1% | +1.97% | 加碼 |
| 47 | NET | Cloudflare Inc - Class A | +0.1% | +0.97% | 加碼 |
| 48 | MSTR | Strategy Inc | +0.1% | +0.90% | 加碼 |
| 49 | SNOW | Snowflake Inc | +0.1% | +1.15% | 加碼 |
| 50 | BAC | Bank Of America CORP | 0% | +2.71% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，National Pension Service 在 Q3 2025 季度的美股持倉總市值約為 US$1550.8億，共申報了 552 個公開持股部位。
在 Q3 2025 季度，National Pension Service 按市值排列的前三大核心持股分別為：NVDA (7.2%)、AAPL (5.9%)、MSFT (5.8%)。其中最大持股部位 NVDA 佔據整體投資組合約 7.2% 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
LSVD
市值: US$5.1億
本季最大獲利了結 / 清倉標的
CRH
前期市值: US$1.9億
在 Q3 2025 季度中，National Pension Service 共進行了 197 項持倉異動，包含新建倉 1 個部位、加碼 139 個部位、減碼 53 個部位以及清倉 4 個部位。 其中最大新建倉標的為 LSVD。 本季清倉部位包含 CRH。
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。