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: 0001902806
申報總市值
US$3.8億
US$3.8億
136 檔
22.5%
在 Q4 2025 的 13F 官方備案中，Northcape Wealth Management, LLC 管理的美股投資組合規模來到 US$3.8億，整體持股檔數為 136 檔。
從 Q4 2025 申報觀察，Northcape Wealth Management, LLC 採取防禦導向的調倉策略，本季減碼 23 檔個股並出清 5 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 GLD, JAAA, IEFA）累計市值佔比達 22.5%，是驅動 Northcape Wealth Management, LLC 該季度整體投資組合績效表現的核心支柱。
| # | 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 | GLD | Spdr Gold Shares | ETF-避險與商品 | 8.16% | -1.50% | -1.92% | |
| 2 | JAAA | Janus Henderson Aaa Clo ETF | ETF-其他 | 5.34% | -0.13% | +1.31% | |
| 3 | IEFA | Ishares Core Msci Eafe ETF | ETF-其他 | 3.98% | +0.03% | +0.52% | |
| 4 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | ETF-投資等級公司債 | 3.58% | — | -0.34% | |
| 5 | IQLT | Ishares Msci International Q | ETF-其他 | 3.14% | +0.10% | +1.59% | |
| 6 | AAPL | Apple Inc | 股票-科技 | 3.11% | +0.20% | -1.39% | |
| 7 | KMI | Kinder Morgan, Inc. | 股票-能源 | 2.40% | -0.27% | -1.10% | |
| 8 | MSFT | Microsoft CORP | 股票-科技 | 2.36% | -0.03% | -1.72% | |
| 9 | WMT | Walmart Inc | 股票-非循環性消費 | 2.10% | -0.23% | -1.89% | |
| 10 | VO | Vanguard Mid-cap ETF | ETF-其他 | 2.05% | +0.12% | -1.12% | |
| 11 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.66% | +0.07% | -4.14% | |
| 12 | PEP | Pepsico Inc | 股票-非循環性消費 | 1.64% | -0.28% | +12.35% | |
| 13 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.62% | -0.01% | -0.30% | |
| 14 | HGER | Harbor Commodity All Weather | ETF-避險與商品 | 1.59% | -0.15% | +283.65% | |
| 15 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.56% | +0.19% | -2.65% | |
| 16 | IBM | Intl Business Machines CORP | 股票-科技 | 1.54% | +0.14% | -0.43% | |
| 17 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 1.53% | -0.18% | -0.11% | |
| 18 | RTX | Rtx CORP | 股票-工業 | 1.48% | -0.05% | -2.15% | |
| 19 | GD | General Dynamics CORP | 股票-工業 | 1.48% | -0.03% | -2.14% | |
| 20 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.46% | +0.28% | -37.96% | |
| 21 | ABT | Abbott Laboratories | 股票-醫療保健 | 1.44% | +0.08% | +0.06% | |
| 22 | V | Visa Inc-class A Shares | 股票-金融 | 1.38% | +0.12% | +0.45% | |
| 23 | XOM | Exxon Mobil CORP | 股票-能源 | 1.34% | -0.41% | +1.26% | |
| 24 | EMR | Emerson Electric Co | 股票-工業 | 1.27% | +0.16% | -1.00% | |
| 25 | CSCO | Cisco Systems Inc | 股票-科技 | 1.27% | +0.03% | -1.04% | |
| 26 | ANET | Arista Networks Inc | 股票-科技 | 1.23% | +0.18% | — | |
| 27 | AVGO | Broadcom Inc | 股票-科技 | 1.23% | +0.15% | +8.08% | |
| 28 | NEE | Nextera Energy Inc | 股票-公用事業 | 1.15% | -0.13% | -3.01% | |
| 29 | ADI | Analog Devices Inc | 股票-科技 | 1.13% | -0.20% | -0.76% | |
| 30 | CB | Chubb Limited | 股票-金融 | 1.10% | +0.01% | -0.32% | |
| 31 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.06% | +0.10% | +2.08% | |
| 32 | HII | Huntington Ingalls Industrie | 股票-工業 | 1.05% | -0.24% | -0.64% | |
| 33 | CL | Colgate-palmolive Co | 股票-非循環性消費 | 1.01% | +0.03% | +12.23% | |
| 34 | DE | Deere & Co | 股票-工業 | 0.91% | +0.07% | +0.19% | |
| 35 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.87% | -0.13% | +0.83% | |
| 36 | SYK | Stryker CORP | 股票-醫療保健 | 0.86% | -0.06% | -0.36% | |
| 37 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.85% | +0.03% | +0.07% | |
| 38 | ECL | Ecolab Inc | 股票-原物料 | 0.85% | — | -0.20% | |
| 39 | ROK | Rockwell Automation Inc | 股票-工業 | 0.84% | +0.22% | +0.18% | |
| 40 | ETN | Eaton Corporation plc | 股票-工業 | 0.81% | +0.13% | -1.62% | |
| 41 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.78% | +0.03% | +73.84% | |
| 42 | UNP | Union Pacific CORP | 股票-工業 | 0.77% | +0.06% | +0.22% | |
| 43 | BHP | Bhp Group Ltd-spon Adr | 股票-原物料 | 0.76% | +0.07% | -2.65% | |
| 44 | WM | Waste Management Inc | 股票-工業 | 0.75% | -0.05% | — | |
| 45 | HD | Home Depot Inc | 股票-循環性消費 | 0.75% | +0.03% | +1.77% | |
| 46 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.73% | +0.13% | -1.33% | |
| 47 | MS | Morgan Stanley | 股票-金融 | 0.72% | +0.11% | -2.05% | |
| 48 | BDX | Becton Dickinson And Co | 股票-醫療保健 | 0.71% | +0.15% | -1.64% | |
| 49 | WWD | Woodward Inc | 股票-工業 | 0.67% | +0.10% | -1.29% | |
| 50 | QCOM | Qualcomm Inc | 股票-科技 | 0.66% | +0.18% | +2.64% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | HGER | Harbor Commodity All Weather | +1.1% | +283.65% | 加碼 |
| 2 | GLD | Spdr Gold Shares | +0.4% | -1.92% | 減碼 |
| 3 | PG | Procter & Gamble Co/the | +0.3% | +73.84% | 加碼 |
| 4 | GOOG | Alphabet Inc-cl C | +0.3% | -2.65% | 減碼 |
| 5 | PEP | Pepsico Inc | +0.2% | +12.35% | 加碼 |
| 6 | HII | Huntington Ingalls Industrie | +0.1% | -0.64% | 減碼 |
| 7 | LIN | Linde plc | +0.1% | +186.86% | 加碼 |
| 8 | AVGO | Broadcom Inc | +0.1% | +8.08% | 加碼 |
| 9 | JNJ | Johnson & Johnson | +0.1% | -0.30% | 減碼 |
| 10 | BA | Boeing Co/the | +0.1% | +44.88% | 加碼 |
| 11 | CSCO | Cisco Systems Inc | +0.1% | -1.04% | 減碼 |
| 12 | WWD | Woodward Inc | +0.1% | -1.29% | 減碼 |
| 13 | CB | Chubb Limited | +0.1% | -0.32% | 減碼 |
| 14 | CL | Colgate-palmolive Co | +0.1% | +12.23% | 加碼 |
| 15 | ADI | Analog Devices Inc | +0.1% | -0.76% | 減碼 |
| 16 | AMGN | Amgen Inc | +0.1% | +17.03% | 加碼 |
| 17 | XOM | Exxon Mobil CORP | +0.1% | +1.26% | 加碼 |
| 18 | ROK | Rockwell Automation Inc | +0.1% | +0.18% | 加碼 |
| 19 | MRK | Merck & Co. Inc. | +0.1% | +9.42% | 加碼 |
| 20 | AAPL | Apple Inc | +0.1% | -1.39% | 減碼 |
| 21 | WMT | Walmart Inc | +0.1% | -1.89% | 減碼 |
| 22 | RTX | Rtx CORP | +0.1% | -2.15% | 減碼 |
| 23 | AMZN | Amazon.com Inc | 0% | +2.08% | 加碼 |
| 24 | MS | Morgan Stanley | 0% | -2.05% | 減碼 |
| 25 | IQLT | Ishares Msci International Q | 0% | +1.59% | 加碼 |
| 26 | IBM | Intl Business Machines CORP | 0% | -0.43% | 減碼 |
| 27 | IEFA | Ishares Core Msci Eafe ETF | 0% | +0.52% | 加碼 |
| 28 | ADP | Automatic Data Processing | -0.1% | +0.60% | 加碼 |
| 29 | ORCL | Oracle CORP | -0.1% | -3.48% | 減碼 |
| 30 | AMT | American Tower CORP | -0.1% | -6.30% | 減碼 |
| 31 | ACN | Accenture plc | -0.1% | -19.87% | 減碼 |
| 32 | HD | Home Depot Inc | -0.2% | +1.77% | 加碼 |
| 33 | ABT | Abbott Laboratories | -0.2% | +0.06% | 加碼 |
| 34 | COST | Costco Wholesale CORP | -0.2% | -0.11% | 減碼 |
| 35 | KMI | Kinder Morgan, Inc. | -0.2% | -1.10% | 減碼 |
| 36 | ANET | Arista Networks Inc | -0.2% | — | 不變 |
| 37 | ETN | Eaton Corporation plc | -0.2% | -1.62% | 減碼 |
| 38 | APD | Air Products & Chemicals Inc | -0.2% | -20.94% | 減碼 |
| 39 | LLY | Eli Lilly & Co | -0.3% | -37.96% | 減碼 |
| 40 | MSFT | Microsoft CORP | -0.3% | -1.72% | 減碼 |
| 41 | MDLZ | Mondelez International Inc-a | -0.4% | -75.60% | 減碼 |
| 42 | WM | Waste Management Inc | — | NEW | 新建倉 |
| 43 | STZ | Constellation Brands Inc-a | — | EXIT | 清倉 |
| 44 | GMMF | Ishares Govt Mmkt ETF | — | NEW | 新建倉 |
| 45 | C | Citigroup Inc | — | NEW | 新建倉 |
| 46 | PFF | Ishares Preferred & Income S | — | EXIT | 清倉 |
| 47 | CTSH | Cognizant Tech Solutions-a | — | NEW | 新建倉 |
| 48 | CLX | Clorox Company | — | EXIT | 清倉 |
| 49 | SBUX | Starbucks CORP | — | EXIT | 清倉 |
| 50 | O | Realty Income CORP | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Northcape Wealth Management, LLC 在 Q4 2025 季度的美股持倉總市值約為 US$3.8億，共申報了 136 個公開持股部位。
在 Q4 2025 季度，Northcape Wealth Management, LLC 按市值排列的前三大核心持股分別為：GLD (8.2%)、JAAA (5.3%)、IEFA (4.0%)。其中最大持股部位 GLD 佔據整體投資組合約 8.2% 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
WM
市值: US$266.3萬
本季最大獲利了結 / 清倉標的
STZ
前期市值: US$181.0萬
在 Q4 2025 季度中，Northcape Wealth Management, LLC 共進行了 49 項持倉異動，包含新建倉 4 個部位、加碼 17 個部位、減碼 23 個部位以及清倉 5 個部位。 其中最大新建倉標的為 WM。 本季清倉部位包含 STZ。
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。