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: 0000314969
申報總市值
US$541.7億
US$541.7億
1632 檔
24.3%
在 Q4 2025 的 13F 官方備案中，New York State Teachers Retirement System 管理的美股投資組合規模來到 US$541.7億，整體持股檔數為 1632 檔。
從 Q4 2025 申報觀察，New York State Teachers Retirement System 採取防禦導向的調倉策略，本季減碼 38 檔個股並出清 1 檔部位，顯示機構在該時期進行風險控制與流動性回收。
從部位權重觀察，前 5 大標的（包含 NVDA, AAPL, MSFT）累計市值佔比達 24.3%，是驅動 New York State Teachers Retirement System 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 1632 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% | -0.08% | -2.97% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 6.33% | -0.09% | -3.00% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 5.69% | -0.59% | -2.63% | |
| 4 | AMZN | Amazon.com Inc | 股票-循環性消費 | 3.51% | -0.01% | -2.46% | |
| 5 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 2.88% | +0.21% | -2.67% | |
| 6 | AVGO | Broadcom Inc | 股票-科技 | 2.57% | +0.15% | -2.38% | |
| 7 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 2.32% | +0.16% | -2.97% | |
| 8 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.27% | -0.29% | -2.60% | |
| 9 | TSLA | Tesla Inc | 股票-循環性消費 | 1.98% | -0.03% | -2.52% | |
| 10 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.44% | -0.14% | -3.10% | |
| 11 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.36% | -0.08% | -3.45% | |
| 12 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.34% | +0.17% | -2.34% | |
| 13 | V | Visa Inc-class A Shares | 股票-金融 | 0.92% | -0.04% | -2.81% | |
| 14 | XOM | Exxon Mobil CORP | 股票-能源 | 0.81% | -0.38% | -3.79% | |
| 15 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.79% | -0.11% | -2.51% | |
| 16 | WMT | Walmart Inc | 股票-非循環性消費 | 0.76% | -0.18% | -2.21% | |
| 17 | MA | Mastercard Inc - A | 股票-金融 | 0.74% | -0.09% | -2.52% | |
| 18 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.64% | — | -2.65% | |
| 19 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.63% | -0.17% | -1.64% | |
| 20 | NFLX | Netflix Inc | 股票-通訊服務 | 0.63% | -0.24% | +866.98% | |
| 21 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.59% | -0.13% | -3.36% | |
| 22 | BAC | Bank Of America CORP | 股票-金融 | 0.58% | +0.01% | +0.31% | |
| 23 | AMD | Advanced Micro Devices | 股票-科技 | 0.54% | +0.81% | -1.32% | |
| 24 | GE | General Electric | 股票-工業 | 0.51% | +0.06% | -3.07% | |
| 25 | HD | Home Depot Inc | 股票-循環性消費 | 0.51% | -0.04% | -2.71% | |
| 26 | MU | Micron Technology Inc | 股票-科技 | 0.51% | +1.23% | -2.73% | |
| 27 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.51% | -0.08% | -1.98% | |
| 28 | ORCL | Oracle CORP | 股票-科技 | 0.50% | -0.05% | -2.48% | |
| 29 | CSCO | Cisco Systems Inc | 股票-科技 | 0.48% | +0.16% | -2.63% | |
| 30 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.46% | +0.12% | -3.62% | |
| 31 | CVX | Chevron CORP | 股票-能源 | 0.46% | -0.21% | -4.27% | |
| 32 | WFC | Wells Fargo & Co | 股票-金融 | 0.45% | -0.05% | -8.94% | |
| 33 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.42% | -0.04% | -3.23% | |
| 34 | CRM | Salesforce Inc | 股票-科技 | 0.42% | -0.11% | -2.60% | |
| 35 | IBM | Intl Business Machines CORP | 股票-科技 | 0.42% | — | -1.87% | |
| 36 | CAT | Caterpillar Inc | 股票-工業 | 0.41% | +0.17% | -4.42% | |
| 37 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.41% | +0.01% | -4.85% | |
| 38 | PM | Philip Morris International | 股票-非循環性消費 | 0.40% | -0.04% | -1.58% | |
| 39 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.40% | -0.04% | -2.17% | |
| 40 | RTX | Rtx CORP | 股票-工業 | 0.38% | -0.06% | -1.96% | |
| 41 | ABT | Abbott Laboratories | 股票-醫療保健 | 0.36% | -0.08% | -2.03% | |
| 42 | LRCX | Lam Research CORP | 股票-科技 | 0.36% | +0.34% | +0.66% | |
| 43 | MS | Morgan Stanley | 股票-金融 | 0.34% | +0.03% | -3.59% | |
| 44 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 0.34% | -0.04% | -2.45% | |
| 45 | C | Citigroup Inc | 股票-金融 | 0.33% | +0.02% | -5.55% | |
| 46 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.33% | -0.09% | -1.84% | |
| 47 | DIS | Walt Disney Co/the | 股票-通訊服務 | 0.32% | -0.04% | -2.64% | |
| 48 | AXP | American Express Co | 股票-金融 | 0.32% | -0.02% | -4.53% | |
| 49 | AMAT | Applied Materials Inc | 股票-科技 | 0.31% | +0.38% | -3.57% | |
| 50 | ISRG | Intuitive Surgical Inc | 股票-醫療保健 | 0.31% | -0.06% | -3.91% |
| # | 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% | -2.67% | 減碼 |
| 2 | GOOG | Alphabet Inc-cl C | +0.5% | -2.97% | 減碼 |
| 3 | LLY | Eli Lilly & Co | +0.4% | -2.34% | 減碼 |
| 4 | MU | Micron Technology Inc | +0.2% | -2.73% | 減碼 |
| 5 | AAPL | Apple Inc | +0.2% | -3.00% | 減碼 |
| 6 | AMD | Advanced Micro Devices | +0.1% | -1.32% | 減碼 |
| 7 | CRH | CRH plc | +0.1% | +1634.72% | 加碼 |
| 8 | LRCX | Lam Research CORP | +0.1% | +0.66% | 加碼 |
| 9 | AMZN | Amazon.com Inc | +0.1% | -2.46% | 減碼 |
| 10 | MRK | Merck & Co. Inc. | +0.1% | -3.23% | 減碼 |
| 11 | JNJ | Johnson & Johnson | +0.1% | -2.51% | 減碼 |
| 12 | AVGO | Broadcom Inc | +0.1% | -2.38% | 減碼 |
| 13 | ISRG | Intuitive Surgical Inc | +0.1% | -3.91% | 減碼 |
| 14 | AMAT | Applied Materials Inc | +0.1% | -3.57% | 減碼 |
| 15 | CAT | Caterpillar Inc | +0.1% | -4.42% | 減碼 |
| 16 | TMO | Thermo Fisher Scientific Inc | +0.1% | -2.45% | 減碼 |
| 17 | CSCO | Cisco Systems Inc | +0.1% | -2.63% | 減碼 |
| 18 | WMT | Walmart Inc | 0% | -2.21% | 減碼 |
| 19 | BAC | Bank Of America CORP | 0% | +0.31% | 加碼 |
| 20 | WDC | Western Digital CORP | 0% | +13.53% | 加碼 |
| 21 | REGN | Regeneron Pharmaceuticals | 0% | -0.34% | 減碼 |
| 22 | CRM | Salesforce Inc | 0% | -2.60% | 減碼 |
| 23 | WBD | Warner Bros Discovery Inc | 0% | +1.97% | 加碼 |
| 24 | AMGN | Amgen Inc | 0% | -2.04% | 減碼 |
| 25 | BLK | Blackrock Inc | 0% | -3.65% | 減碼 |
| 26 | MO | Altria Group Inc | 0% | -3.03% | 減碼 |
| 27 | HOOD | Robinhood Markets Inc - A | 0% | +2.85% | 加碼 |
| 28 | CVX | Chevron CORP | 0% | -4.27% | 減碼 |
| 29 | COIN | Coinbase Global Inc -class A | 0% | -0.17% | 減碼 |
| 30 | ETN | Eaton Corporation plc | 0% | -1.56% | 減碼 |
| 31 | ABT | Abbott Laboratories | 0% | -2.03% | 減碼 |
| 32 | TMUS | T-mobile US Inc | 0% | -2.74% | 減碼 |
| 33 | PG | Procter & Gamble Co/the | -0.1% | -1.98% | 減碼 |
| 34 | LIN | Linde plc | -0.1% | -3.72% | 減碼 |
| 35 | UNH | Unitedhealth Group Inc | -0.1% | -3.62% | 減碼 |
| 36 | COST | Costco Wholesale CORP | -0.1% | -3.36% | 減碼 |
| 37 | UBER | Uber Technologies Inc | -0.1% | -2.04% | 減碼 |
| 38 | NOW | Servicenow Inc | -0.1% | +381.06% | 加碼 |
| 39 | FISV | Fiserv Inc | -0.1% | +4.93% | 加碼 |
| 40 | T | At&t Inc | -0.1% | -2.33% | 減碼 |
| 41 | BRK-B | Berkshire Hathaway Inc-cl B | -0.1% | -3.10% | 減碼 |
| 42 | HD | Home Depot Inc | -0.1% | -2.71% | 減碼 |
| 43 | NFLX | Netflix Inc | -0.2% | +866.98% | 加碼 |
| 44 | ORCL | Oracle CORP | -0.2% | -2.48% | 減碼 |
| 45 | NVDA | Nvidia CORP | -0.3% | -2.97% | 減碼 |
| 46 | META | Meta Platforms Inc-class A | -0.3% | -2.60% | 減碼 |
| 47 | MSFT | Microsoft CORP | -0.6% | -2.63% | 減碼 |
| 48 | CVNA | Carvana Co | — | NEW | 新建倉 |
| 49 | ARES | Ares Management CORP - A | — | NEW | 新建倉 |
| 50 | 07WA | Mr Cooper Group Inc | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，New York State Teachers Retirement System 在 Q4 2025 季度的美股持倉總市值約為 US$541.7億，共申報了 1632 個公開持股部位。
在 Q4 2025 季度，New York State Teachers Retirement System 按市值排列的前三大核心持股分別為：NVDA (7.2%)、AAPL (6.3%)、MSFT (5.7%)。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
CVNA
市值: US$4313.6萬
本季最大獲利了結 / 清倉標的
07WA
前期市值: US$1555.9萬
在 Q4 2025 季度中，New York State Teachers Retirement System 共進行了 50 項持倉異動，包含新建倉 2 個部位、加碼 9 個部位、減碼 38 個部位以及清倉 1 個部位。 其中最大新建倉標的為 CVNA。 本季清倉部位包含 07WA。
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。