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
1707 檔
19.1%
根據最新整理的 13F 季度數據集，Norges Bank 於 Q2 2025 結束時的管理資產規模為 US$1.0兆。該機構在本季度申報了 1707 檔美股持倉，呈現出該時期的主要投資地圖。
觀察 Q2 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 142 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 NVDA, MSFT, AAPL）占據了總市值的 19.1%，展現出該機構在 Q2 2025 的重點資金聚焦與風險分佈特徵。
僅顯示前 200 大持股（共 1707 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 | 6.41% | +6.50% | NEW | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 6.30% | +3.82% | NEW | |
| 3 | AAPL | Apple Inc | 股票-科技 | 4.86% | +5.50% | NEW | |
| 4 | AMZN | Amazon.com Inc | 股票-循環性消費 | 3.42% | +3.34% | NEW | |
| 5 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.89% | +1.84% | NEW | |
| 6 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 2.74% | +2.88% | NEW | |
| 7 | AVGO | Broadcom Inc | 股票-科技 | 2.32% | +2.48% | NEW | |
| 8 | TSLA | Tesla Inc | 股票-循環性消費 | 1.48% | +1.63% | NEW | |
| 9 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.29% | +1.18% | NEW | |
| 10 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.10% | +1.37% | NEW | |
| 11 | NFLX | Netflix Inc | 股票-通訊服務 | 0.99% | +0.41% | NEW | |
| 12 | BRK-A | Berkshire Hathaway Inc-cl A | 股票-其他 | 0.91% | +0.77% | NEW | |
| 13 | V | Visa Inc-class A Shares | 股票-金融 | 0.88% | +0.55% | NEW | |
| 14 | MA | Mastercard Inc - A | 股票-金融 | 0.84% | +0.60% | NEW | |
| 15 | XOM | Exxon Mobil CORP | 股票-能源 | 0.77% | +0.83% | NEW | |
| 16 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.71% | +0.60% | NEW | |
| 17 | WMT | Walmart Inc | 股票-非循環性消費 | 0.67% | +0.65% | NEW | |
| 18 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.64% | +0.47% | NEW | |
| 19 | BAC | Bank Of America CORP | 股票-金融 | 0.64% | +0.48% | NEW | |
| 20 | WELL | Welltower Inc | 股票-房地產 | 0.61% | +0.41% | NEW | |
| 21 | HD | Home Depot Inc | 股票-循環性消費 | 0.61% | +0.47% | NEW | |
| 22 | UBS | UBS Group AG | 股票-金融 | 0.61% | +0.47% | NEW | |
| 23 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.61% | +0.81% | NEW | |
| 24 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.54% | +2.63% | NEW | |
| 25 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.54% | +0.64% | NEW | |
| 26 | ORCL | Oracle CORP | 股票-科技 | 0.53% | +0.37% | NEW | |
| 27 | WFC | Wells Fargo & Co | 股票-金融 | 0.50% | +0.46% | NEW | |
| 28 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.48% | +0.42% | NEW | |
| 29 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.48% | +0.53% | NEW | |
| 30 | CSCO | Cisco Systems Inc | 股票-科技 | 0.48% | +0.64% | NEW | |
| 31 | DLR | Digital Realty Trust Inc | 股票-房地產 | 0.48% | +0.35% | NEW | |
| 32 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.45% | +0.44% | NEW | |
| 33 | CMCSA | Comcast Corp-class A | 股票-通訊服務 | 0.44% | +0.19% | NEW | |
| 34 | GE | General Electric | 股票-工業 | 0.43% | +0.51% | NEW | |
| 35 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.41% | +0.36% | NEW | |
| 36 | INTU | Intuit Inc | 股票-科技 | 0.41% | +0.14% | NEW | |
| 37 | LIN | Linde plc | 股票-原物料 | 0.39% | +0.34% | NEW | |
| 38 | AMD | Advanced Micro Devices | 股票-科技 | 0.39% | +1.35% | NEW | |
| 39 | ABT | Abbott Laboratories | 股票-醫療保健 | 0.38% | +0.21% | NEW | |
| 40 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.36% | +0.47% | NEW | |
| 41 | TXN | Texas Instruments Inc | 股票-科技 | 0.35% | +0.39% | NEW | |
| 42 | CRM | Salesforce Inc | 股票-科技 | 0.35% | +0.14% | NEW | |
| 43 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.35% | +0.27% | NEW | |
| 44 | CVX | Chevron CORP | 股票-能源 | 0.34% | +0.38% | NEW | |
| 45 | QCOM | Qualcomm Inc | 股票-科技 | 0.34% | +0.30% | NEW | |
| 46 | BLK | Blackrock Inc | 股票-金融 | 0.33% | +0.27% | NEW | |
| 47 | DIS | Walt Disney Co/the | 股票-通訊服務 | 0.33% | +0.19% | NEW | |
| 48 | RY | Royal Bank Of Canada | 股票-金融 | 0.32% | +0.41% | NEW | |
| 49 | NOW | Servicenow Inc | 股票-科技 | 0.32% | +0.12% | NEW | |
| 50 | ISRG | Intuitive Surgical Inc | 股票-醫療保健 | 0.32% | +0.20% | NEW |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +1.7% | +4.34% | 加碼 |
| 2 | MSFT | Microsoft CORP | +1% | +1.35% | 加碼 |
| 3 | AVGO | Broadcom Inc | +0.7% | -3.33% | 減碼 |
| 4 | META | Meta Platforms Inc-class A | +0.3% | -1.31% | 減碼 |
| 5 | NFLX | Netflix Inc | +0.3% | +5.42% | 加碼 |
| 6 | ORCL | Oracle CORP | +0.2% | +27.97% | 加碼 |
| 7 | TSLA | Tesla Inc | +0.2% | +7.80% | 加碼 |
| 8 | PLTR | Palantir Technologies Inc-a | +0.2% | +18.10% | 加碼 |
| 9 | GOOG | Alphabet Inc-cl C | +0.2% | +41.35% | 加碼 |
| 10 | AMZN | Amazon.com Inc | +0.2% | +2.23% | 加碼 |
| 11 | COF | Capital One Financial CORP | +0.1% | +138.04% | 加碼 |
| 12 | JPM | Jpmorgan Chase & Co | +0.1% | +1.69% | 加碼 |
| 13 | AMD | Advanced Micro Devices | +0.1% | +4.17% | 加碼 |
| 14 | GEV | GE Vernova Inc | +0.1% | +6.08% | 加碼 |
| 15 | CEG | Constellation Energy | +0.1% | +55.52% | 加碼 |
| 16 | APH | Amphenol Corp-cl A | +0.1% | +7.02% | 加碼 |
| 17 | AMRZ | Amrize Ltd | +0.1% | NEW | 新建倉 |
| 18 | INTU | Intuit Inc | +0.1% | +4.06% | 加碼 |
| 19 | MU | Micron Technology Inc | +0.1% | +11.62% | 加碼 |
| 20 | COIN | Coinbase Global Inc -class A | +0.1% | +30.60% | 加碼 |
| 21 | NOW | Servicenow Inc | +0.1% | +6.26% | 加碼 |
| 22 | CRWD | Crowdstrike Holdings Inc - A | +0.1% | +10.36% | 加碼 |
| 23 | DASH | Doordash Inc - A | +0.1% | +34.41% | 加碼 |
| 24 | HOOD | Robinhood Markets Inc - A | +0.1% | -6.09% | 減碼 |
| 25 | VST | Vistra CORP | +0.1% | +28.86% | 加碼 |
| 26 | UBER | Uber Technologies Inc | +0.1% | +9.21% | 加碼 |
| 27 | IBM | Intl Business Machines CORP | +0.1% | +20.98% | 加碼 |
| 28 | C | Citigroup Inc | +0.1% | +8.69% | 加碼 |
| 29 | GS | Goldman Sachs Group Inc | +0.1% | +3.71% | 加碼 |
| 30 | RCL | Royal Caribbean Cruises Ltd. | +0.1% | +13.58% | 加碼 |
| 31 | DLR | Digital Realty Trust Inc | 0% | +0.31% | 加碼 |
| 32 | GE | General Electric | 0% | -4.29% | 減碼 |
| 33 | FTNT | Fortinet Inc | 0% | +31.73% | 加碼 |
| 34 | LRCX | Lam Research CORP | 0% | -1.55% | 減碼 |
| 35 | ETN | Eaton Corporation plc | 0% | +4.62% | 加碼 |
| 36 | MSTR | Strategy Inc | 0% | +12.04% | 加碼 |
| 37 | KLAC | Kla CORP | 0% | +4.11% | 加碼 |
| 38 | APP | Applovin Corp-class A | 0% | +25.25% | 加碼 |
| 39 | SNOW | Snowflake Inc | 0% | +3.20% | 加碼 |
| 40 | SPOT | Spotify Technology S.A. | 0% | +23.12% | 加碼 |
| 41 | PAYX | Paychex Inc | 0% | +1857.39% | 加碼 |
| 42 | TXN | Texas Instruments Inc | 0% | +7.61% | 加碼 |
| 43 | DIS | Walt Disney Co/the | 0% | -1.56% | 減碼 |
| 44 | BKNG | Booking Holdings Inc | 0% | +0.61% | 加碼 |
| 45 | MS | Morgan Stanley | 0% | +3.59% | 加碼 |
| 46 | HWM | Howmet Aerospace Inc | 0% | -4.77% | 減碼 |
| 47 | ANET | Arista Networks Inc | 0% | +9.89% | 加碼 |
| 48 | PH | Parker Hannifin CORP | 0% | +18.09% | 加碼 |
| 49 | TT | Trane Technologies plc | 0% | +2.28% | 加碼 |
| 50 | CAH | Cardinal Health Inc | 0% | +68.07% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Norges Bank 在 Q2 2025 季度的美股持倉總市值約為 US$1.0兆，共申報了 1707 個公開持股部位。
在 Q2 2025 季度，Norges Bank 按市值排列的前三大核心持股分別為：NVDA (6.4%)、MSFT (6.3%)、AAPL (4.9%)。其中最大持股部位 NVDA 佔據整體投資組合約 6.4% 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
AMRZ
市值: US$6.7億
本季最大獲利了結 / 清倉標的
DFSEUR
前期市值: US$8.5億
在 Q2 2025 季度中，Norges Bank 共進行了 199 項持倉異動，包含新建倉 2 個部位、加碼 140 個部位、減碼 53 個部位以及清倉 4 個部位。 其中最大新建倉標的為 AMRZ。 本季清倉部位包含 DFSEUR。
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。