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: 0001374170
申報總市值
US$1.0兆
US$1.0兆
1743 檔
15.6%
Q1 2025 季度申報顯示，Norges Bank 揭露的美股組合總市值為 US$1.0兆，涵蓋 1743 個不同之權益投資部位。
觀察 Q1 2025 的申報異動，Norges Bank 採取了強勁的買進策略，建倉與加碼動作（合計 118 筆）涵蓋多個核心板塊，展現機構對特定產業前景之樂觀態度。
檢視投資組合結構，前 5 大主力部位（包含 AAPL, MSFT, NVDA）占據了總市值的 15.6%，展現出該機構在 Q1 2025 的重點資金聚焦與風險分佈特徵。
僅顯示前 200 大持股（共 1743 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 | AAPL | Apple Inc | 股票-科技 | 5.67% | +5.50% | NEW | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 5.28% | +3.82% | NEW | |
| 3 | NVDA | Nvidia CORP | 股票-科技 | 4.74% | +6.50% | NEW | |
| 4 | AMZN | Amazon.com Inc | 股票-循環性消費 | 3.27% | +3.34% | NEW | |
| 5 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 2.95% | +2.88% | NEW | |
| 6 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.57% | +1.84% | NEW | |
| 7 | AVGO | Broadcom Inc | 股票-科技 | 1.64% | +2.48% | NEW | |
| 8 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.27% | +1.37% | NEW | |
| 9 | TSLA | Tesla Inc | 股票-循環性消費 | 1.26% | +1.63% | NEW | |
| 10 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.20% | +1.18% | NEW | |
| 11 | BRK-A | Berkshire Hathaway Inc-cl A | 股票-其他 | 1.07% | +0.77% | NEW | |
| 12 | XOM | Exxon Mobil CORP | 股票-能源 | 1.02% | +0.83% | NEW | |
| 13 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.93% | +0.53% | NEW | |
| 14 | V | Visa Inc-class A Shares | 股票-金融 | 0.92% | +0.55% | NEW | |
| 15 | MA | Mastercard Inc - A | 股票-金融 | 0.88% | +0.60% | NEW | |
| 16 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.76% | +0.47% | NEW | |
| 17 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.74% | +0.60% | NEW | |
| 18 | NFLX | Netflix Inc | 股票-通訊服務 | 0.74% | +0.41% | NEW | |
| 19 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.72% | +0.64% | NEW | |
| 20 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.72% | +0.81% | NEW | |
| 21 | HD | Home Depot Inc | 股票-循環性消費 | 0.69% | +0.47% | NEW | |
| 22 | WELL | Welltower Inc | 股票-房地產 | 0.67% | +0.41% | NEW | |
| 23 | BAC | Bank Of America CORP | 股票-金融 | 0.65% | +0.48% | NEW | |
| 24 | WMT | Walmart Inc | 股票-非循環性消費 | 0.65% | +0.65% | NEW | |
| 25 | UBS | UBS Group AG | 股票-金融 | 0.60% | +0.47% | NEW | |
| 26 | CMCSA | Comcast Corp-class A | 股票-通訊服務 | 0.57% | +0.19% | NEW | |
| 27 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.55% | +0.42% | NEW | |
| 28 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.54% | +0.44% | NEW | |
| 29 | WFC | Wells Fargo & Co | 股票-金融 | 0.50% | +0.46% | NEW | |
| 30 | NEE | Nextera Energy Inc | 股票-公用事業 | 0.49% | +0.28% | NEW | |
| 31 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.48% | +0.47% | NEW | |
| 32 | CSCO | Cisco Systems Inc | 股票-科技 | 0.46% | +0.64% | NEW | |
| 33 | CVX | Chevron CORP | 股票-能源 | 0.46% | +0.38% | NEW | |
| 34 | DLR | Digital Realty Trust Inc | 股票-房地產 | 0.44% | +0.35% | NEW | |
| 35 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 0.43% | +0.25% | NEW | |
| 36 | CRM | Salesforce Inc | 股票-科技 | 0.43% | +0.14% | NEW | |
| 37 | LIN | Linde plc | 股票-原物料 | 0.42% | +0.34% | NEW | |
| 38 | ABT | Abbott Laboratories | 股票-醫療保健 | 0.41% | +0.21% | NEW | |
| 39 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.39% | +0.27% | NEW | |
| 40 | GE | General Electric | 股票-工業 | 0.39% | +0.51% | NEW | |
| 41 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.38% | +2.63% | NEW | |
| 42 | PEP | Pepsico Inc | 股票-非循環性消費 | 0.37% | +0.26% | NEW | |
| 43 | QCOM | Qualcomm Inc | 股票-科技 | 0.37% | +0.30% | NEW | |
| 44 | VZ | Verizon Communications Inc | 股票-通訊服務 | 0.36% | +0.23% | NEW | |
| 45 | EQR | Equity Residential | 股票-房地產 | 0.35% | +0.24% | NEW | |
| 46 | INTU | Intuit Inc | 股票-科技 | 0.34% | +0.14% | NEW | |
| 47 | ISRG | Intuitive Surgical Inc | 股票-醫療保健 | 0.33% | +0.20% | NEW | |
| 48 | TXN | Texas Instruments Inc | 股票-科技 | 0.32% | +0.39% | NEW | |
| 49 | ACN | Accenture plc | 股票-科技 | 0.32% | +0.09% | NEW | |
| 50 | T | At&t Inc | 股票-通訊服務 | 0.32% | +0.16% | NEW |
| # | 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 | +0.3% | +5.62% | 加碼 |
| 2 | V | Visa Inc-class A Shares | +0.3% | +14.06% | 加碼 |
| 3 | BRK-A | Berkshire Hathaway Inc-cl A | +0.2% | -0.84% | 加碼 |
| 4 | NFLX | Netflix Inc | +0.2% | -0.25% | 加碼 |
| 5 | AMZN | Amazon.com Inc | +0.2% | -1.57% | 加碼 |
| 6 | PLTR | Palantir Technologies Inc-a | +0.2% | +14.23% | 加碼 |
| 7 | META | Meta Platforms Inc-class A | +0.2% | -6.70% | 加碼 |
| 8 | WFC | Wells Fargo & Co | +0.2% | +4.15% | 加碼 |
| 9 | JPM | Jpmorgan Chase & Co | +0.1% | +0.73% | 減碼 |
| 10 | TSLA | Tesla Inc | +0.1% | -3.17% | 加碼 |
| 11 | WELL | Welltower Inc | +0.1% | +0.03% | 減碼 |
| 12 | GILD | Gilead Sciences Inc | +0.1% | +2.51% | 加碼 |
| 13 | C | Citigroup Inc | +0.1% | -3.46% | 加碼 |
| 14 | FTNT | Fortinet Inc | +0.1% | +53.75% | 加碼 |
| 15 | SCHW | Schwab (charles) CORP | +0.1% | +38.60% | 加碼 |
| 16 | AVGO | Broadcom Inc | +0.1% | -4.31% | 加碼 |
| 17 | CMCSA | Comcast Corp-class A | +0.1% | +7.64% | 加碼 |
| 18 | SE | Sea Ltd-adr | +0.1% | +5.39% | 加碼 |
| 19 | ABBV | Abbvie Inc | +0.1% | -2.39% | 加碼 |
| 20 | ABT | Abbott Laboratories | +0.1% | +3.70% | 加碼 |
| 21 | T | At&t Inc | +0.1% | -2.31% | 加碼 |
| 22 | RTX | Rtx CORP | +0.1% | +4.40% | 加碼 |
| 23 | MSTR | Strategy Inc | +0.1% | +46.82% | 加碼 |
| 24 | CSCO | Cisco Systems Inc | +0.1% | -4.60% | 加碼 |
| 25 | MA | Mastercard Inc - A | +0.1% | -0.13% | 減碼 |
| 26 | COST | Costco Wholesale CORP | +0.1% | -0.83% | 加碼 |
| 27 | KDP | Keurig Dr Pepper Inc | +0.1% | +157.52% | 加碼 |
| 28 | BSX | Boston Scientific CORP | +0.1% | +1.20% | 加碼 |
| 29 | APD | Air Products & Chemicals Inc | +0.1% | +11.05% | 加碼 |
| 30 | JNJ | Johnson & Johnson | +0.1% | +1.50% | 加碼 |
| 31 | MMM | 3m Co | +0.1% | +43.73% | 加碼 |
| 32 | CME | Cme Group Inc | +0.1% | +5.29% | 加碼 |
| 33 | INTU | Intuit Inc | +0.1% | +9.44% | 加碼 |
| 34 | CE | Celanese CORP | +0.1% | +134.53% | 加碼 |
| 35 | LNG | Cheniere Energy Inc | +0.1% | +3.61% | 加碼 |
| 36 | HWM | Howmet Aerospace Inc | +0.1% | +0.61% | 加碼 |
| 37 | BKNG | Booking Holdings Inc | +0.1% | -3.70% | 加碼 |
| 38 | ECL | Ecolab Inc | +0.1% | +47.91% | 加碼 |
| 39 | SPOT | Spotify Technology S.A. | 0% | -8.06% | 加碼 |
| 40 | PGR | Progressive CORP | 0% | +1.29% | 加碼 |
| 41 | TRGP | Targa Resources CORP | 0% | +10.41% | 加碼 |
| 42 | BRK-B | Berkshire Hathaway Inc-cl B | 0% | +6.36% | 減碼 |
| 43 | APP | Applovin Corp-class A | 0% | -15.14% | 減碼 |
| 44 | KMI | Kinder Morgan, Inc. | 0% | -4.25% | 加碼 |
| 45 | GE | General Electric | 0% | -2.84% | 加碼 |
| 46 | COR | Cencora Inc | 0% | +11.26% | 加碼 |
| 47 | SRE | Sempra | 0% | +7.40% | 加碼 |
| 48 | BMY | Bristol-myers Squibb Co | 0% | -5.10% | 減碼 |
| 49 | CHKP | Check Point Software Technologies Ltd. | 0% | +18.82% | 加碼 |
| 50 | DFSEUR | Discover Financial Services | 0% | +18.59% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Norges Bank 在 Q1 2025 季度的美股持倉總市值約為 US$1.0兆，共申報了 1743 個公開持股部位。
在 Q1 2025 季度，Norges Bank 按市值排列的前三大核心持股分別為：AAPL (5.7%)、MSFT (5.3%)、NVDA (4.7%)。其中最大持股部位 AAPL 佔據整體投資組合約 5.7% 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
BLK
市值: US$22.2億
本季最大獲利了結 / 清倉標的
BLKCHF
前期市值: US$21.4億
在 Q1 2025 季度中，Norges Bank 共進行了 199 項持倉異動，包含新建倉 5 個部位、加碼 113 個部位、減碼 74 個部位以及清倉 7 個部位。 其中最大新建倉標的為 BLK。 本季清倉部位包含 BLKCHF。
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。