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: 0001596077
申報總市值
US$2.6億
US$2.6億
144 檔
16.7%
根據最新整理的 13F 季度數據集，New England Research & Management, Inc. 於 Q4 2025 結束時的管理資產規模為 US$2.6億。該機構在本季度申報了 144 檔美股持倉，呈現出該時期的主要投資地圖。
New England Research & Management, Inc. 在 Q4 2025 進行了結構性的板塊輪動與部位換股。在開立 20 個全新部位及加碼 4 檔持股的同時，亦同步清倉 24 檔並減碼 2 檔標的。
檢視投資組合結構，前 5 大主力部位（包含 GOOGL, AAPL, MSFT）占據了總市值的 16.7%，展現出該機構在 Q4 2025 的重點資金聚焦與風險分佈特徵。
| # | 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 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 5.41% | +0.65% | — | |
| 2 | AAPL | Apple Inc | 股票-科技 | 4.44% | +0.63% | -0.43% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 3.16% | -0.04% | +18.41% | |
| 4 | URI | United Rentals Inc | 股票-工業 | 3.12% | +0.63% | +13.37% | |
| 5 | JNJ | Johnson & Johnson | 股票-醫療保健 | 2.65% | -0.06% | -0.53% | |
| 6 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.59% | -0.13% | -0.29% | |
| 7 | PWR | Quanta Services Inc | 股票-工業 | 2.31% | +1.20% | — | |
| 8 | ABBV | Abbvie Inc | 股票-醫療保健 | 2.16% | +0.09% | — | |
| 9 | CHD | Church & Dwight Co Inc | 股票-非循環性消費 | 1.94% | -0.14% | -1.03% | |
| 10 | GEV | GE Vernova Inc | 股票-工業 | 1.92% | +1.01% | +71.56% | |
| 11 | CSX | Csx CORP | 股票-工業 | 1.86% | +0.10% | -1.63% | |
| 12 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.73% | -0.13% | — | |
| 13 | GS | Goldman Sachs Group Inc | 股票-金融 | 1.63% | +0.07% | +183.21% | |
| 14 | AVGO | Broadcom Inc | 股票-科技 | 1.63% | +0.15% | +11.62% | |
| 15 | COF | Capital One Financial CORP | 股票-金融 | 1.59% | -2.01% | EXIT | |
| 16 | V | Visa Inc-class A Shares | 股票-金融 | 1.43% | +0.29% | — | |
| 17 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.39% | +0.12% | — | |
| 18 | UBER | Uber Technologies Inc | 股票-工業 | 1.37% | -1.35% | EXIT | |
| 19 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 1.35% | +0.01% | — | |
| 20 | ABT | Abbott Laboratories | 股票-醫療保健 | 1.29% | -0.20% | +128.12% | |
| 21 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.26% | +0.22% | NEW | |
| 22 | IBM | Intl Business Machines CORP | 股票-科技 | 1.20% | +0.32% | -13.09% | |
| 23 | ETN | Eaton Corporation plc | 股票-工業 | 1.20% | -0.40% | — | |
| 24 | SYY | Sysco CORP | 股票-非循環性消費 | 1.18% | +0.30% | -0.21% | |
| 25 | AWK | American Water Works Co Inc | 股票-公用事業 | 1.17% | +0.14% | +49.36% | |
| 26 | MS | Morgan Stanley | 股票-金融 | 1.16% | +0.21% | -2.62% | |
| 27 | NFLX | Netflix Inc | 股票-通訊服務 | 1.14% | -0.06% | — | |
| 28 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.12% | +0.43% | -2.66% | |
| 29 | ZTS | Zoetis Inc | 股票-醫療保健 | 1.10% | -0.50% | — | |
| 30 | XOM | Exxon Mobil CORP | 股票-能源 | 1.04% | -0.51% | — | |
| 31 | MCD | Mcdonald's CORP | 股票-循環性消費 | 1.04% | -0.28% | +51.37% | |
| 32 | PANW | Palo Alto Networks Inc | 股票-科技 | 1.02% | -0.96% | EXIT | |
| 33 | KMB | Kimberly-clark CORP | 股票-非循環性消費 | 0.99% | -0.04% | +124.38% | |
| 34 | NEE | Nextera Energy Inc | 股票-公用事業 | 0.96% | -0.13% | — | |
| 35 | UTHR | United Therapeutics CORP | 股票-醫療保健 | 0.95% | +0.07% | — | |
| 36 | TFC | Truist Financial CORP | 股票-金融 | 0.94% | — | — | |
| 37 | H | Hyatt Hotels CORP - Cl A | 股票-循環性消費 | 0.94% | — | -42.59% | |
| 38 | AMGN | Amgen Inc | 股票-醫療保健 | 0.93% | +0.21% | +30.68% | |
| 39 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.84% | -0.09% | +60.52% | |
| 40 | CB | Chubb Limited | 股票-金融 | 0.83% | +0.06% | — | |
| 41 | VEEV | Veeva Systems Inc-class A | 股票-醫療保健 | 0.82% | -0.16% | +274.00% | |
| 42 | DELL | Dell Technologies -c | 股票-科技 | 0.78% | +0.22% | NEW | |
| 43 | UNP | Union Pacific CORP | 股票-工業 | 0.77% | +0.49% | +19.25% | |
| 44 | INCY | Incyte CORP | 股票-醫療保健 | 0.75% | -0.49% | — | |
| 45 | WFC | Wells Fargo & Co | 股票-金融 | 0.74% | -0.67% | +25.25% | |
| 46 | NVDA | Nvidia CORP | 股票-科技 | 0.72% | +0.05% | +21.76% | |
| 47 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.70% | -0.03% | — | |
| 48 | SYK | Stryker CORP | 股票-醫療保健 | 0.66% | +0.05% | — | |
| 49 | J | Jacobs Solutions Inc | 股票-工業 | 0.65% | -0.09% | EXIT | |
| 50 | GILD | Gilead Sciences Inc | 股票-醫療保健 | 0.63% | +0.39% | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | GS | Goldman Sachs Group Inc | +1.1% | +183.21% | 加碼 |
| 2 | COF | Capital One Financial CORP | +0.9% | +115.91% | 加碼 |
| 3 | GEV | GE Vernova Inc | +0.8% | +71.56% | 加碼 |
| 4 | ABT | Abbott Laboratories | +0.7% | +128.12% | 加碼 |
| 5 | LII | Lennox International Inc | -0.6% | -79.13% | 減碼 |
| 6 | LEN | Lennar Corp-a | -1% | -68.95% | 減碼 |
| 7 | GOOGL | Alphabet Inc-cl A | — | NEW | 新建倉 |
| 8 | ✓ | — | EXIT | 清倉 | |
| 9 | ✓ | — | EXIT | 清倉 | |
| 10 | PWR | Quanta Services Inc | — | NEW | 新建倉 |
| 11 | ABBV | Abbvie Inc | — | NEW | 新建倉 |
| 12 | ✓ | — | EXIT | 清倉 | |
| 13 | ✓ | — | EXIT | 清倉 | |
| 14 | ✓ | — | EXIT | 清倉 | |
| 15 | ✓ | — | EXIT | 清倉 | |
| 16 | V | Visa Inc-class A Shares | — | NEW | 新建倉 |
| 17 | GOOG | Alphabet Inc-cl C | — | NEW | 新建倉 |
| 18 | MRK | Merck & Co. Inc. | — | NEW | 新建倉 |
| 19 | ✓ | — | EXIT | 清倉 | |
| 20 | META | Meta Platforms Inc-class A | — | NEW | 新建倉 |
| 21 | ETN | Eaton Corporation plc | — | NEW | 新建倉 |
| 22 | NFLX | Netflix Inc | — | NEW | 新建倉 |
| 23 | DELL | Dell Technologies Inc. | — | EXIT | 清倉 |
| 24 | ✓ | — | EXIT | 清倉 | |
| 25 | ZTS | Zoetis Inc | — | NEW | 新建倉 |
| 26 | NEE | Nextera Energy Inc | — | NEW | 新建倉 |
| 27 | TFC | Truist Financial CORP | — | NEW | 新建倉 |
| 28 | ✓ | — | EXIT | 清倉 | |
| 29 | ✓ | — | EXIT | 清倉 | |
| 30 | ✓ | — | EXIT | 清倉 | |
| 31 | ✓ | — | EXIT | 清倉 | |
| 32 | CB | Chubb Limited | — | NEW | 新建倉 |
| 33 | ✓ | — | EXIT | 清倉 | |
| 34 | ✓ | — | EXIT | 清倉 | |
| 35 | DELL | Dell Technologies -c | — | NEW | 新建倉 |
| 36 | LULU | Lululemon Athletica Inc | — | EXIT | 清倉 |
| 37 | INCY | Incyte CORP | — | NEW | 新建倉 |
| 38 | ✓ | — | EXIT | 清倉 | |
| 39 | ✓ | — | EXIT | 清倉 | |
| 40 | HD | Home Depot Inc | — | EXIT | 清倉 |
| 41 | SYK | Stryker CORP | — | NEW | 新建倉 |
| 42 | ABNB | Airbnb Inc-class A | — | EXIT | 清倉 |
| 43 | J | Jacobs Solutions Inc | — | NEW | 新建倉 |
| 44 | ARW | Arrow Electronics Inc | — | EXIT | 清倉 |
| 45 | GILD | Gilead Sciences Inc | — | NEW | 新建倉 |
| 46 | ✓ | — | EXIT | 清倉 | |
| 47 | ✓ | — | EXIT | 清倉 | |
| 48 | ✓ | — | EXIT | 清倉 | |
| 49 | CP | Canadian Pacific Kansas City | — | NEW | 新建倉 |
| 50 | WM | Waste Management Inc | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，New England Research & Management, Inc. 在 Q4 2025 季度的美股持倉總市值約為 US$2.6億，共申報了 144 個公開持股部位。
在 Q4 2025 季度，New England Research & Management, Inc. 按市值排列的前三大核心持股分別為：GOOGL (5.4%)、AAPL (4.4%)、MSFT (3.2%)。其中最大持股部位 GOOGL 佔據整體投資組合約 5.4% 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
GOOGL
市值: US$1236.6萬
本季最大獲利了結 / 清倉標的
前期市值: US$969.2萬
在 Q4 2025 季度中，New England Research & Management, Inc. 共進行了 50 項持倉異動，包含新建倉 20 個部位、加碼 4 個部位、減碼 2 個部位以及清倉 24 個部位。 其中最大新建倉標的為 GOOGL。 本季清倉部位包含 。
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。