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: 0001633343
申報總市值
US$21.3億
US$21.3億
102 檔
29.0%
Ninety One North America, Inc. 在 Q4 2025 季度的美股部位總計估值為 US$21.3億，分散於 102 個持倉標的之中，反映其市場參與廣度與投資規模。
Q4 2025 數據顯示 Ninety One North America, Inc. 積極進場，新開立 20 個部位並同步加碼 19 檔個股，反映機構在該季度的資金注入與籌碼積累。
在資產配置集中度方面，Ninety One North America, Inc. 的前 5 大核心持股（包含 V, GOOGL, MSFT 等）合計佔整體申報市值的 29.0%，反映機構在主要關鍵部位上的權重分佈。
| # | 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 | V | Visa Inc-class A Shares | 股票-金融 | 6.23% | +0.85% | +1.47% | |
| 2 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 5.41% | -0.24% | +14.06% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 5.04% | +0.13% | -6.02% | |
| 4 | PM | Philip Morris International | 股票-非循環性消費 | 4.59% | +0.58% | +1.68% | |
| 5 | MA | Mastercard Inc - A | 股票-金融 | 3.81% | -1.24% | +14.00% | |
| 6 | ADSK | Autodesk Inc | 股票-科技 | 3.65% | -0.69% | +2.68% | |
| 7 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 3.47% | +0.23% | +1.75% | |
| 8 | ICLR | ICON Public Limited Company | 股票-醫療保健 | 3.36% | — | +2.83% | |
| 9 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 3.17% | -0.53% | -15.97% | |
| 10 | INTU | Intuit Inc | 股票-科技 | 2.92% | -0.82% | +1.80% | |
| 11 | NTES | Netease Inc-adr | 股票-通訊服務 | 2.79% | +0.38% | +3.41% | |
| 12 | EA | Electronic Arts Inc | 股票-通訊服務 | 2.75% | -1.97% | +2.97% | |
| 13 | AON | Aon plc | 股票-金融 | 2.52% | -0.85% | +21.46% | |
| 14 | INDA | Ishares Msci India ETF | ETF-其他 | 2.43% | -0.82% | +29.67% | |
| 15 | ALC | Alcon Inc. | 股票-醫療保健 | 2.36% | -1.01% | +4.08% | |
| 16 | JNJ | Johnson & Johnson | 股票-醫療保健 | 2.33% | +0.29% | +15.57% | |
| 17 | MRSH | Marsh & Mclennan Cos | 股票-金融 | 2.01% | -0.09% | +172.57% | |
| 18 | EW | Edwards Lifesciences CORP | 股票-醫療保健 | 1.96% | +0.32% | +3.00% | |
| 19 | BAP | Credicorp Ltd. | 股票-金融 | 1.94% | -0.64% | +9.88% | |
| 20 | NU | Nu Holdings Ltd. | 股票-金融 | 1.87% | -0.14% | +22.50% | |
| 21 | VALE | Vale Sa-sp Adr | 股票-原物料 | 1.78% | — | -0.47% | |
| 22 | ADP | Automatic Data Processing | 股票-科技 | 1.70% | +0.12% | +0.34% | |
| 23 | MSI | Motorola Solutions Inc | 股票-科技 | 1.68% | -0.08% | +87.29% | |
| 24 | VRSN | Verisign Inc | 股票-科技 | 1.57% | +0.05% | +3.28% | |
| 25 | CHKP | Check Point Software Technologies Ltd. | 股票-科技 | 1.53% | -0.10% | +1.80% | |
| 26 | SPGI | S&p Global Inc | 股票-金融 | 1.47% | -0.05% | +1.59% | |
| 27 | MNST | Monster Beverage CORP | 股票-非循環性消費 | 1.44% | +0.51% | -11.10% | |
| 28 | MCO | Moody's CORP | 股票-金融 | 1.36% | +0.05% | +1.60% | |
| 29 | TX | Ternium Sa-sponsored Adr | 股票-其他 | 1.22% | -0.06% | -15.56% | |
| 30 | NVDA | Nvidia CORP | 股票-科技 | 1.15% | +0.22% | — | |
| 31 | ALGN | Align Technology Inc | 股票-醫療保健 | 1.07% | -0.02% | +1.80% | |
| 32 | FDS | Factset Research Systems Inc | 股票-金融 | 1.01% | +0.05% | +1.76% | |
| 33 | VIST | Vista Energy Sab De Cv | 股票-其他 | 0.95% | -0.13% | -0.75% | |
| 34 | XPEV | XPeng Inc. | 股票-其他 | 0.95% | -0.25% | +15.80% | |
| 35 | STNE | StoneCo Ltd. | 股票-其他 | 0.95% | — | -0.76% | |
| 36 | NEE | Nextera Energy Inc | 股票-公用事業 | 0.92% | -0.29% | -16.56% | |
| 37 | IBN | Icici Bank Ltd-spon Adr | 股票-金融 | 0.70% | +0.08% | +45.19% | |
| 38 | TEL | TE Connectivity plc | 股票-科技 | 0.70% | +0.01% | -7.40% | |
| 39 | CP | Canadian Pacific Kansas City | 股票-工業 | 0.66% | +0.08% | +2.15% | |
| 40 | AVGO | Broadcom Inc | 股票-科技 | 0.58% | +0.14% | — | |
| 41 | TTEK | Tetra Tech Inc | 股票-工業 | 0.56% | +0.10% | +2.83% | |
| 42 | ACM | Aecom | 股票-工業 | 0.53% | -0.18% | +2.85% | |
| 43 | TKO | Tko Group Holdings Inc | 股票-通訊服務 | 0.53% | -0.04% | — | |
| 44 | KGC | Kinross Gold CORP | 股票-原物料 | 0.50% | +0.11% | -18.64% | |
| 45 | AMZN | Amazon.com Inc | 股票-循環性消費 | 0.48% | +0.19% | — | |
| 46 | AGCO | Agco CORP | 股票-工業 | 0.43% | +0.05% | +2.87% | |
| 47 | EEM | Ishares Msci Emerging Market | ETF-新興市場 | 0.41% | -0.17% | EXIT | |
| 48 | WM | Waste Management Inc | 股票-工業 | 0.39% | +0.12% | +2.84% | |
| 49 | TRMB | Trimble Inc | 股票-科技 | 0.39% | -0.07% | — | |
| 50 | VMI | Valmont Industries | 股票-工業 | 0.38% | +0.35% | — |
| # | 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 | +1.3% | +14.06% | 加碼 |
| 2 | MRSH | Marsh & Mclennan Cos | +1.1% | +172.57% | 加碼 |
| 3 | MSI | Motorola Solutions Inc | +0.5% | +87.29% | 加碼 |
| 4 | INDA | Ishares Msci India ETF | +0.4% | +29.67% | 加碼 |
| 5 | JNJ | Johnson & Johnson | +0.3% | +15.57% | 加碼 |
| 6 | NU | Nu Holdings Ltd. | +0.2% | +22.50% | 加碼 |
| 7 | VIST | Vista Energy Sab De Cv | +0.2% | -0.75% | 減碼 |
| 8 | ABT | Abbott Laboratories | +0.2% | +566.53% | 加碼 |
| 9 | AON | Aon plc | +0.2% | +21.46% | 加碼 |
| 10 | IBN | Icici Bank Ltd-spon Adr | +0.2% | +45.19% | 加碼 |
| 11 | ALGN | Align Technology Inc | +0.1% | +1.80% | 加碼 |
| 12 | VALE | Vale Sa-sp Adr | +0.1% | -0.47% | 減碼 |
| 13 | BAP | Credicorp Ltd. | +0.1% | +9.88% | 加碼 |
| 14 | MA | Mastercard Inc - A | +0.1% | +14.00% | 加碼 |
| 15 | EW | Edwards Lifesciences CORP | 0% | +3.00% | 加碼 |
| 16 | ALC | Alcon Inc. | — | +4.08% | 加碼 |
| 17 | ICLR | ICON Public Limited Company | -0.2% | +2.83% | 加碼 |
| 18 | RACE | Ferrari N.V. | -0.3% | -42.62% | 減碼 |
| 19 | VRSN | Verisign Inc | -0.4% | +3.28% | 加碼 |
| 20 | STNE | StoneCo Ltd. | -0.4% | -0.76% | 減碼 |
| 21 | V | Visa Inc-class A Shares | -0.5% | +1.47% | 加碼 |
| 22 | ADP | Automatic Data Processing | -0.5% | +0.34% | 加碼 |
| 23 | NTES | Netease Inc-adr | -0.5% | +3.41% | 加碼 |
| 24 | TSM | Taiwan Semiconductor-sp Adr | -0.7% | -15.97% | 減碼 |
| 25 | MSFT | Microsoft CORP | -1.4% | -6.02% | 減碼 |
| 26 | CPNG | Coupang Inc | -1.4% | -99.93% | 減碼 |
| 27 | SE | Sea Ltd-adr | — | EXIT | 清倉 |
| 28 | NVDA | Nvidia CORP | — | NEW | 新建倉 |
| 29 | AVGO | Broadcom Inc | — | NEW | 新建倉 |
| 30 | TKO | Tko Group Holdings Inc | — | NEW | 新建倉 |
| 31 | AMZN | Amazon.com Inc | — | NEW | 新建倉 |
| 32 | MELI | Mercadolibre Inc | — | EXIT | 清倉 |
| 33 | TRMB | Trimble Inc | — | NEW | 新建倉 |
| 34 | VMI | Valmont Industries | — | NEW | 新建倉 |
| 35 | JPM | Jpmorgan Chase & Co | — | NEW | 新建倉 |
| 36 | BSX | Boston Scientific CORP | — | NEW | 新建倉 |
| 37 | LLY | Eli Lilly & Co | — | NEW | 新建倉 |
| 38 | AAPL | Apple Inc | — | NEW | 新建倉 |
| 39 | UBS | UBS Group AG | — | NEW | 新建倉 |
| 40 | CL | Colgate-palmolive Co | — | NEW | 新建倉 |
| 41 | B | Barrick Mining CORP | — | NEW | 新建倉 |
| 42 | GM | General Motors Co | — | NEW | 新建倉 |
| 43 | CRH | CRH plc | — | NEW | 新建倉 |
| 44 | TTWO | Take-two Interactive Softwre | — | NEW | 新建倉 |
| 45 | AER | AerCap Holdings N.V. | — | NEW | 新建倉 |
| 46 | UAE | Ishares Msci Uae ETF | — | EXIT | 清倉 |
| 47 | J | Jacobs Solutions Inc | — | NEW | 新建倉 |
| 48 | GS | Goldman Sachs Group Inc | — | NEW | 新建倉 |
| 49 | TRU | Transunion | — | NEW | 新建倉 |
| 50 | EMBJ | Embraer Sa-spon Adr | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Ninety One North America, Inc. 在 Q4 2025 季度的美股持倉總市值約為 US$21.3億，共申報了 102 個公開持股部位。
在 Q4 2025 季度，Ninety One North America, Inc. 按市值排列的前三大核心持股分別為：V (6.2%)、GOOGL (5.4%)、MSFT (5.0%)。其中最大持股部位 V 佔據整體投資組合約 6.2% 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
NVDA
市值: US$2837.2萬
本季最大獲利了結 / 清倉標的
SE
前期市值: US$6657.7萬
在 Q4 2025 季度中，Ninety One North America, Inc. 共進行了 50 項持倉異動，包含新建倉 20 個部位、加碼 19 個部位、減碼 7 個部位以及清倉 4 個部位。 其中最大新建倉標的為 NVDA。 本季清倉部位包含 SE。
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。