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: 0000810265
申報總市值
US$793.0億
US$793.0億
3177 檔
23.6%
在 Q4 2025 申報期間，New York State Common Retirement Fund（CIK: 0000810265）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$793.0億，共持有 3177 個公開申報部位。
數據顯示 New York State Common Retirement Fund 於 Q4 2025 季度持續回收資金，對 161 個既有部位進行裁減並清倉 7 個標的，組合整體流動性比重有所上升。
從部位權重觀察，前 5 大標的（包含 NVDA, AAPL, MSFT）累計市值佔比達 23.6%，是驅動 New York State Common Retirement Fund 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 3177 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 | 6.52% | -0.11% | -3.87% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 6.25% | -0.06% | -3.28% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 5.71% | -0.60% | -4.28% | |
| 4 | AMZN | Amazon.com Inc | 股票-循環性消費 | 3.56% | -0.01% | -5.35% | |
| 5 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 2.96% | +0.16% | -4.87% | |
| 6 | AVGO | Broadcom Inc | 股票-科技 | 2.38% | +0.13% | -3.65% | |
| 7 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 2.38% | +0.15% | -4.72% | |
| 8 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.14% | -0.29% | -5.33% | |
| 9 | TSLA | Tesla Inc | 股票-循環性消費 | 1.88% | -0.02% | -2.03% | |
| 10 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.39% | -0.09% | -2.75% | |
| 11 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.31% | +0.14% | -1.30% | |
| 12 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.31% | -0.12% | -1.24% | |
| 13 | V | Visa Inc-class A Shares | 股票-金融 | 0.95% | -0.03% | -4.69% | |
| 14 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.82% | -0.10% | -1.13% | |
| 15 | WMT | Walmart Inc | 股票-非循環性消費 | 0.74% | -0.13% | -1.00% | |
| 16 | MA | Mastercard Inc - A | 股票-金融 | 0.70% | -0.08% | -8.88% | |
| 17 | XOM | Exxon Mobil CORP | 股票-能源 | 0.66% | -0.32% | -1.71% | |
| 18 | BAC | Bank Of America CORP | 股票-金融 | 0.64% | -0.05% | -13.05% | |
| 19 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.62% | -0.01% | -1.66% | |
| 20 | NFLX | Netflix Inc | 股票-通訊服務 | 0.60% | -0.24% | +816.83% | |
| 21 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.59% | -0.14% | -1.59% | |
| 22 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.55% | -0.12% | -3.02% | |
| 23 | AMD | Advanced Micro Devices | 股票-科技 | 0.54% | +0.81% | -10.35% | |
| 24 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.54% | -0.07% | -1.55% | |
| 25 | WFC | Wells Fargo & Co | 股票-金融 | 0.53% | -0.07% | -2.71% | |
| 26 | HD | Home Depot Inc | 股票-循環性消費 | 0.52% | -0.04% | -1.25% | |
| 27 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.50% | -0.12% | -3.05% | |
| 28 | MU | Micron Technology Inc | 股票-科技 | 0.50% | +1.07% | -4.67% | |
| 29 | CSCO | Cisco Systems Inc | 股票-科技 | 0.49% | +0.17% | -1.03% | |
| 30 | GE | General Electric | 股票-工業 | 0.49% | +0.09% | -6.48% | |
| 31 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.49% | +0.08% | -6.12% | |
| 32 | ORCL | Oracle CORP | 股票-科技 | 0.48% | -0.05% | -6.45% | |
| 33 | IBM | Intl Business Machines CORP | 股票-科技 | 0.45% | — | -1.00% | |
| 34 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.44% | — | -1.23% | |
| 35 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.43% | — | -1.72% | |
| 36 | C | Citigroup Inc | 股票-金融 | 0.41% | -0.06% | -16.34% | |
| 37 | CAT | Caterpillar Inc | 股票-工業 | 0.40% | +0.19% | -9.83% | |
| 38 | CRM | Salesforce Inc | 股票-科技 | 0.40% | -0.11% | -0.73% | |
| 39 | RTX | Rtx CORP | 股票-工業 | 0.39% | -0.06% | -2.59% | |
| 40 | PM | Philip Morris International | 股票-非循環性消費 | 0.37% | -0.02% | -0.59% | |
| 41 | MS | Morgan Stanley | 股票-金融 | 0.37% | +0.03% | -0.87% | |
| 42 | CVX | Chevron CORP | 股票-能源 | 0.36% | -0.18% | -5.42% | |
| 43 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.34% | -0.10% | -2.06% | |
| 44 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 0.33% | -0.04% | -12.10% | |
| 45 | ABT | Abbott Laboratories | 股票-醫療保健 | 0.33% | -0.07% | -2.45% | |
| 46 | DIS | Walt Disney Co/the | 股票-通訊服務 | 0.33% | -0.06% | -2.85% | |
| 47 | LRCX | Lam Research CORP | 股票-科技 | 0.33% | +0.31% | -6.61% | |
| 48 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 0.32% | +0.09% | -46.16% | |
| 49 | AMAT | Applied Materials Inc | 股票-科技 | 0.31% | +0.34% | -11.69% | |
| 50 | PEP | Pepsico Inc | 股票-非循環性消費 | 0.31% | -0.09% | -2.08% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | GOOGL | Alphabet Inc-cl A | +0.6% | -4.87% | 減碼 |
| 2 | GOOG | Alphabet Inc-cl C | +0.5% | -4.72% | 減碼 |
| 3 | LLY | Eli Lilly & Co | +0.4% | -1.30% | 減碼 |
| 4 | AAPL | Apple Inc | +0.4% | -3.28% | 減碼 |
| 5 | MU | Micron Technology Inc | +0.2% | -4.67% | 減碼 |
| 6 | MRK | Merck & Co. Inc. | +0.1% | -3.05% | 減碼 |
| 7 | AMD | Advanced Micro Devices | +0.1% | -10.35% | 減碼 |
| 8 | JNJ | Johnson & Johnson | +0.1% | -1.13% | 減碼 |
| 9 | AVGO | Broadcom Inc | +0.1% | -3.65% | 減碼 |
| 10 | AMZN | Amazon.com Inc | +0.1% | -5.35% | 減碼 |
| 11 | WMT | Walmart Inc | +0.1% | -1.00% | 減碼 |
| 12 | LRCX | Lam Research CORP | +0.1% | -6.61% | 減碼 |
| 13 | CSCO | Cisco Systems Inc | +0.1% | -1.03% | 減碼 |
| 14 | WFC | Wells Fargo & Co | +0.1% | -2.71% | 減碼 |
| 15 | CRM | Salesforce Inc | +0.1% | -0.73% | 減碼 |
| 16 | GS | Goldman Sachs Group Inc | +0.1% | -1.23% | 減碼 |
| 17 | ISRG | Intuitive Surgical Inc | +0.1% | -9.57% | 減碼 |
| 18 | MS | Morgan Stanley | +0.1% | -0.87% | 減碼 |
| 19 | XOM | Exxon Mobil CORP | +0.1% | -1.71% | 減碼 |
| 20 | TSLA | Tesla Inc | +0.1% | -2.03% | 減碼 |
| 21 | AMGN | Amgen Inc | 0% | -0.95% | 減碼 |
| 22 | EPAM | Epam Systems Inc | 0% | +17.29% | 加碼 |
| 23 | CB | Chubb Limited | 0% | +2.09% | 加碼 |
| 24 | CAT | Caterpillar Inc | 0% | -9.83% | 減碼 |
| 25 | AMAT | Applied Materials Inc | 0% | -11.69% | 減碼 |
| 26 | NEM | Newmont CORP | 0% | -0.13% | 減碼 |
| 27 | KLAC | Kla CORP | 0% | -1.15% | 減碼 |
| 28 | GM | General Motors Co | 0% | -1.11% | 減碼 |
| 29 | HDB | Hdfc Bank Ltd-adr | 0% | +135.32% | 加碼 |
| 30 | REGN | Regeneron Pharmaceuticals | 0% | -2.65% | 減碼 |
| 31 | MDU | Mdu Resources Group Inc | 0% | +382.27% | 加碼 |
| 32 | AXTA | Axalta Coating Systems Ltd. | 0% | +335.48% | 加碼 |
| 33 | COLB | Columbia Banking System Inc | 0% | +124.61% | 加碼 |
| 34 | DG | Dollar General CORP | 0% | +98.03% | 加碼 |
| 35 | ATKR | Atkore Inc | 0% | +1166.12% | 加碼 |
| 36 | BMY | Bristol-myers Squibb Co | 0% | -0.87% | 減碼 |
| 37 | ONTO | Onto Innovation Inc | 0% | +87.25% | 加碼 |
| 38 | AXP | American Express Co | 0% | -1.85% | 減碼 |
| 39 | FDX | Fedex CORP | 0% | -0.08% | 減碼 |
| 40 | HWC | Hancock Whitney CORP | 0% | +957.70% | 加碼 |
| 41 | RTX | Rtx CORP | 0% | -2.59% | 減碼 |
| 42 | FCX | Freeport-mcmoran Inc | 0% | -0.75% | 減碼 |
| 43 | COF | Capital One Financial CORP | 0% | -2.19% | 減碼 |
| 44 | PH | Parker Hannifin CORP | 0% | -1.17% | 減碼 |
| 45 | ACGL | Arch Capital Group Ltd. | 0% | +26.25% | 加碼 |
| 46 | EXP | Eagle Materials Inc | 0% | +620.17% | 加碼 |
| 47 | INTC | Intel CORP | 0% | -1.35% | 減碼 |
| 48 | IBM | Intl Business Machines CORP | 0% | -1.00% | 減碼 |
| 49 | BRK-B | Berkshire Hathaway Inc-cl B | 0% | -1.24% | 減碼 |
| 50 | GSK | Gsk Plc-spon Adr | 0% | +407.89% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，New York State Common Retirement Fund 在 Q4 2025 季度的美股持倉總市值約為 US$793.0億，共申報了 3177 個公開持股部位。
在 Q4 2025 季度，New York State Common Retirement Fund 按市值排列的前三大核心持股分別為：NVDA (6.5%)、AAPL (6.3%)、MSFT (5.7%)。其中最大持股部位 NVDA 佔據整體投資組合約 6.5% 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
CWK
市值: US$2413.4萬
本季最大獲利了結 / 清倉標的
SHOP
前期市值: US$4450.4萬
在 Q4 2025 季度中，New York State Common Retirement Fund 共進行了 199 項持倉異動，包含新建倉 4 個部位、加碼 27 個部位、減碼 161 個部位以及清倉 7 個部位。 其中最大新建倉標的為 CWK。 本季清倉部位包含 SHOP。
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。