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: 0001990699
申報總市值
US$12.2億
US$12.2億
531 檔
15.4%
在 Q1 2025 的 13F 官方備案中，Norden Group LLC 管理的美股投資組合規模來到 US$12.2億，整體持股檔數為 531 檔。
觀察 Q1 2025 的資金脈絡，Norden Group LLC 在獲利結算 25 檔個股的同時，將資本重新部署至 32 檔新選標的，展現主動管理機構的輪動節奏。
在資產配置集中度方面，Norden Group LLC 的前 5 大核心持股（包含 PAAA, SPY, JPST 等）合計佔整體申報市值的 15.4%，反映機構在主要關鍵部位上的權重分佈。
本季最大新建倉標的
CGSD
市值: US$1525.7萬
本季最大獲利了結 / 清倉標的
IYZ
前期市值: US$955.5萬
僅顯示前 200 大持股（共 531 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 | PAAA | Pgim Aaa Clo ETF | ETF-其他 | 9.78% | -1.33% | +123.70% | |
| 2 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 3.49% | -0.01% | +105.43% | |
| 3 | JPST | Jpmorgan Ultra-short Income | ETF-其他 | 2.95% | -0.07% | +0.52% | |
| 4 | AAPL | Apple Inc | 股票-科技 | 2.86% | +0.21% | -11.70% | |
| 5 | MSFT | Microsoft CORP | 股票-科技 | 2.59% | -0.53% | -8.74% | |
| 6 | IVW | Ishares S&p 500 Growth ETF | ETF-大型股與成長 | 2.57% | — | +214.17% | |
| 7 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.06% | -0.11% | -3.26% | |
| 8 | NVDA | Nvidia CORP | 股票-科技 | 1.79% | +0.12% | +1.42% | |
| 9 | CGSD | Cap Group Short Duration | ETF-其他 | 1.76% | — | — | |
| 10 | V | Visa Inc-class A Shares | 股票-金融 | 1.05% | -0.14% | -2.70% | |
| 11 | JNK | Ss Spdr Bb High Yield Bond | ETF-非投資等級債 | 0.99% | — | -7.90% | |
| 12 | PM | Philip Morris International | 股票-非循環性消費 | 0.94% | -0.04% | +22.73% | |
| 13 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 0.93% | +0.17% | -5.33% | |
| 14 | MA | Mastercard Inc - A | 股票-金融 | 0.89% | -0.16% | +1.47% | |
| 15 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.83% | -0.11% | +24.55% | |
| 16 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 0.80% | +1.20% | +2.26% | |
| 17 | JAAA | Janus Henderson Aaa Clo ETF | ETF-其他 | 0.79% | -0.04% | -77.70% | |
| 18 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.78% | -0.04% | +0.11% | |
| 19 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.78% | -0.09% | -17.03% | |
| 20 | NFLX | Netflix Inc | 股票-通訊服務 | 0.75% | -0.28% | -24.57% | |
| 21 | BABA | Alibaba Group Holding-sp Adr | 股票-循環性消費 | 0.71% | — | -3.73% | |
| 22 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.71% | -0.40% | -2.21% | |
| 23 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.68% | -0.05% | +37.89% | |
| 24 | PULS | Pgim Ultra Short Bond ETF | ETF-其他 | 0.68% | -0.06% | -12.80% | |
| 25 | ORCL | Oracle CORP | 股票-科技 | 0.68% | -0.21% | +4.90% | |
| 26 | TXN | Texas Instruments Inc | 股票-科技 | 0.67% | +0.08% | +8.08% | |
| 27 | BMY | Bristol-myers Squibb Co | 股票-醫療保健 | 0.65% | -0.11% | +0.81% | |
| 28 | ADBE | Adobe Inc | 股票-科技 | 0.65% | -0.05% | +8.19% | |
| 29 | CSCO | Cisco Systems Inc | 股票-科技 | 0.64% | +0.04% | +3.82% | |
| 30 | AVGO | Broadcom Inc | 股票-科技 | 0.61% | +0.06% | -6.77% | |
| 31 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.60% | +0.09% | -0.82% | |
| 32 | ABT | Abbott Laboratories | 股票-醫療保健 | 0.58% | -0.04% | -5.09% | |
| 33 | TSLA | Tesla Inc | 股票-循環性消費 | 0.57% | -0.06% | +25.24% | |
| 34 | VZ | Verizon Communications Inc | 股票-通訊服務 | 0.57% | -0.16% | +6.01% | |
| 35 | MPWR | Monolithic Power Systems Inc | 股票-科技 | 0.55% | -0.02% | -1.77% | |
| 36 | ACI | Albertsons Cos Inc - Class A | 股票-非循環性消費 | 0.55% | — | +0.74% | |
| 37 | NVS | Novartis Ag-sponsored Adr | 股票-醫療保健 | 0.54% | -0.01% | +0.33% | |
| 38 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.53% | +0.02% | +24.66% | |
| 39 | XOM | Exxon Mobil CORP | 股票-能源 | 0.53% | -0.15% | -3.34% | |
| 40 | LRCX | Lam Research CORP | 股票-科技 | 0.52% | -0.61% | +4.46% | |
| 41 | FTNT | Fortinet Inc | 股票-科技 | 0.50% | +0.03% | +1.27% | |
| 42 | ACN | Accenture plc | 股票-科技 | 0.50% | -0.18% | -2.17% | |
| 43 | TDG | Transdigm Group Inc | 股票-工業 | 0.48% | — | +2.37% | |
| 44 | CVX | Chevron CORP | 股票-能源 | 0.48% | -0.11% | +32.73% | |
| 45 | RTX | Rtx CORP | 股票-工業 | 0.45% | — | -21.95% | |
| 46 | ZTS | Zoetis Inc | 股票-醫療保健 | 0.44% | -0.18% | -0.06% | |
| 47 | BAC | Bank Of America CORP | 股票-金融 | 0.43% | +0.04% | +3.57% | |
| 48 | QCOM | Qualcomm Inc | 股票-科技 | 0.43% | -0.80% | +10.83% | |
| 49 | WFC | Wells Fargo & Co | 股票-金融 | 0.42% | -0.05% | -5.82% | |
| 50 | SHOP | Shopify Inc - Class A | 股票-科技 | 0.42% | +0.66% | -4.52% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | PAAA | Pgim Aaa Clo ETF | +5.5% | +123.70% | 加碼 |
| 2 | CGSD | Cap Group Short Duration | +1.8% | NEW | 新建倉 |
| 3 | SPY | Ss Spdr S&p 500 ETF Trust-us | +1.7% | +105.43% | 加碼 |
| 4 | IVW | Ishares S&p 500 Growth ETF | +1.7% | +214.17% | 加碼 |
| 5 | PM | Philip Morris International | +0.4% | +22.73% | 加碼 |
| 6 | AON | Aon plc | +0.3% | +886.89% | 加碼 |
| 7 | JNJ | Johnson & Johnson | +0.3% | +37.89% | 加碼 |
| 8 | BABA | Alibaba Group Holding-sp Adr | +0.2% | -3.73% | 減碼 |
| 9 | LLY | Eli Lilly & Co | +0.2% | +24.55% | 加碼 |
| 10 | ABBV | Abbvie Inc | +0.2% | +24.66% | 加碼 |
| 11 | CVX | Chevron CORP | +0.2% | +32.73% | 加碼 |
| 12 | SBUX | Starbucks CORP | +0.2% | +66.11% | 加碼 |
| 13 | JSMD | Janus Small Mid Cap Gr Alp | +0.2% | NEW | 新建倉 |
| 14 | SCHW | Schwab (charles) CORP | +0.1% | +147.98% | 加碼 |
| 15 | AGG | Ishares Core U.s. Aggregate | +0.1% | NEW | 新建倉 |
| 16 | BRK-B | Berkshire Hathaway Inc-cl B | +0.1% | +0.11% | 加碼 |
| 17 | UNP | Union Pacific CORP | +0.1% | +280.75% | 加碼 |
| 18 | VBK | Vanguard Small-cap Grwth ETF | +0.1% | NEW | 新建倉 |
| 19 | T | At&t Inc | +0.1% | +11.78% | 加碼 |
| 20 | ✓ | Cyberark Software LTD. Cmn | +0.1% | +56.39% | 加碼 |
| 21 | VOT | Vanguard Mid-cap Growth ETF | +0.1% | +113.72% | 加碼 |
| 22 | VZ | Verizon Communications Inc | +0.1% | +6.01% | 加碼 |
| 23 | CVS | Cvs Health CORP | +0.1% | +2.97% | 加碼 |
| 24 | V | Visa Inc-class A Shares | +0.1% | -2.70% | 減碼 |
| 25 | APPF | Appfolio Inc - A | +0.1% | NEW | 新建倉 |
| 26 | UNM | Unum Group | +0.1% | NEW | 新建倉 |
| 27 | VUG | Vanguard Growth ETF | +0.1% | +161.34% | 加碼 |
| 28 | GRMN | Garmin Ltd. | +0.1% | +329.06% | 加碼 |
| 29 | CTAS | Cintas CORP | +0.1% | +62.20% | 加碼 |
| 30 | GWRE | Guidewire Software Inc | +0.1% | +294.48% | 加碼 |
| 31 | LRN | Stride Inc | +0.1% | NEW | 新建倉 |
| 32 | GILD | Gilead Sciences Inc | +0.1% | +3.61% | 加碼 |
| 33 | NVS | Novartis Ag-sponsored Adr | +0.1% | +0.33% | 加碼 |
| 34 | JPST | Jpmorgan Ultra-short Income | +0.1% | +0.52% | 加碼 |
| 35 | IVVB | Ishares Large Cap Deep Quart | +0.1% | NEW | 新建倉 |
| 36 | PSA | Public Storage | +0.1% | NEW | 新建倉 |
| 37 | TXRH | Texas Roadhouse Inc | +0.1% | NEW | 新建倉 |
| 38 | ACI | Albertsons Cos Inc - Class A | +0.1% | +0.74% | 加碼 |
| 39 | AMGN | Amgen Inc | +0.1% | +13.99% | 加碼 |
| 40 | ABT | Abbott Laboratories | +0.1% | -5.09% | 減碼 |
| 41 | STLD | Steel Dynamics Inc | +0.1% | NEW | 新建倉 |
| 42 | HLI | Houlihan Lokey Inc | +0.1% | +178.98% | 加碼 |
| 43 | DUOL | Duolingo | +0.1% | NEW | 新建倉 |
| 44 | TIP | Ishares Tips Bond ETF | +0.1% | +31.22% | 加碼 |
| 45 | BMY | Bristol-myers Squibb Co | +0.1% | +0.81% | 加碼 |
| 46 | AEP | American Electric Power | +0.1% | +10.77% | 加碼 |
| 47 | TDG | Transdigm Group Inc | +0.1% | +2.37% | 加碼 |
| 48 | CSCO | Cisco Systems Inc | +0.1% | +3.82% | 加碼 |
| 49 | MA | Mastercard Inc - A | +0.1% | +1.47% | 加碼 |
| 50 | DDOG | Datadog Inc - Class A | +0.1% | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Norden Group LLC 在 Q1 2025 季度的美股持倉總市值約為 US$12.2億，共申報了 531 個公開持股部位。
在 Q1 2025 季度，Norden Group LLC 按市值排列的前三大核心持股分別為：PAAA (9.8%)、SPY (3.5%)、JPST (3.0%)。其中最大持股部位 PAAA 佔據整體投資組合約 9.8% 的權重。
在 Q1 2025 季度中，Norden Group LLC 共進行了 200 項持倉異動，包含新建倉 32 個部位、加碼 55 個部位、減碼 88 個部位以及清倉 25 個部位。 其中最大新建倉標的為 CGSD。 本季清倉部位包含 IYZ。
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。
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。
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。