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: 0000073124
申報總市值
US$8597.9億
US$8597.9億
4449 檔
20.0%
Northern Trust CORP 在 Q4 2025 季度的美股部位總計估值為 US$8597.9億，分散於 4449 個持倉標的之中，反映其市場參與廣度與投資規模。
從 Q4 2025 申報觀察，Northern Trust CORP 採取防禦導向的調倉策略，本季減碼 150 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 NVDA, AAPL, MSFT）累計市值佔比達 20.0%，是驅動 Northern Trust CORP 該季度整體投資組合績效表現的核心支柱。
僅顯示前 200 大持股（共 4449 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 | 6.03% | +0.01% | -2.18% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 5.57% | -0.03% | -2.43% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 4.92% | -0.49% | -1.71% | |
| 4 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.79% | — | -2.38% | |
| 5 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 2.60% | +0.25% | -2.05% | |
| 6 | AVGO | Broadcom Inc | 股票-科技 | 2.11% | +0.17% | -1.90% | |
| 7 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 2.10% | +0.17% | -2.48% | |
| 8 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.86% | -0.23% | -1.55% | |
| 9 | TSLA | Tesla Inc | 股票-循環性消費 | 1.48% | — | -1.60% | |
| 10 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.30% | -0.04% | -2.12% | |
| 11 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.21% | +0.16% | -0.71% | |
| 12 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 1.20% | — | -0.26% | |
| 13 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.00% | -0.08% | -1.98% | |
| 14 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 0.81% | +0.01% | +6.02% | |
| 15 | V | Visa Inc-class A Shares | 股票-金融 | 0.80% | -0.01% | -2.44% | |
| 16 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.77% | -0.10% | -2.31% | |
| 17 | XOM | Exxon Mobil CORP | 股票-能源 | 0.66% | -0.31% | -2.30% | |
| 18 | MA | Mastercard Inc - A | 股票-金融 | 0.64% | -0.06% | -1.01% | |
| 19 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.63% | -0.01% | -1.42% | |
| 20 | WMT | Walmart Inc | 股票-非循環性消費 | 0.59% | -0.15% | -0.75% | |
| 21 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.54% | -0.12% | -2.89% | |
| 22 | NFLX | Netflix Inc | 股票-通訊服務 | 0.52% | -0.19% | +883.11% | |
| 23 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.51% | -0.06% | -3.33% | |
| 24 | HD | Home Depot Inc | 股票-循環性消費 | 0.50% | -0.04% | -1.71% | |
| 25 | ORCL | Oracle CORP | 股票-科技 | 0.47% | -0.05% | -2.04% | |
| 26 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.47% | -0.12% | -1.55% | |
| 27 | CSCO | Cisco Systems Inc | 股票-科技 | 0.46% | +0.14% | -2.49% | |
| 28 | AMD | Advanced Micro Devices | 股票-科技 | 0.45% | +0.69% | -0.11% | |
| 29 | BAC | Bank Of America CORP | 股票-金融 | 0.45% | — | -2.67% | |
| 30 | CAT | Caterpillar Inc | 股票-工業 | 0.43% | +0.17% | -6.19% | |
| 31 | VTI | Vanguard Total Stock Mkt ETF | ETF-其他 | 0.42% | +0.01% | +1.94% | |
| 32 | VEA | Vanguard Ftse Developed ETF | ETF-其他 | 0.41% | — | +6.09% | |
| 33 | CVX | Chevron CORP | 股票-能源 | 0.40% | -0.18% | -8.51% | |
| 34 | GE | General Electric | 股票-工業 | 0.40% | +0.06% | -1.86% | |
| 35 | MU | Micron Technology Inc | 股票-科技 | 0.39% | +0.99% | +1.86% | |
| 36 | GUNR | Flexshares Global Upstream N | ETF-其他 | 0.39% | -0.12% | -1.57% | |
| 37 | IBM | Intl Business Machines CORP | 股票-科技 | 0.38% | — | -1.35% | |
| 38 | WFC | Wells Fargo & Co | 股票-金融 | 0.38% | -0.04% | -2.95% | |
| 39 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.37% | +0.11% | -2.88% | |
| 40 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.37% | -0.04% | -2.50% | |
| 41 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.36% | -0.03% | -1.58% | |
| 42 | ITW | Illinois Tool Works | 股票-工業 | 0.36% | -0.04% | -4.71% | |
| 43 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.36% | +0.01% | -2.77% | |
| 44 | CRM | Salesforce Inc | 股票-科技 | 0.35% | -0.09% | -0.62% | |
| 45 | IWF | Ishares Russell 1000 Growth | ETF-其他 | 0.34% | -0.02% | +1.86% | |
| 46 | VWO | Vanguard Ftse Emerging Marke | ETF-新興市場 | 0.32% | -0.02% | +6.74% | |
| 47 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.32% | -0.09% | -1.85% | |
| 48 | ABT | Abbott Laboratories | 股票-醫療保健 | 0.32% | -0.07% | -3.26% | |
| 49 | LRCX | Lam Research CORP | 股票-科技 | 0.32% | +0.31% | -0.96% | |
| 50 | AXP | American Express Co | 股票-金融 | 0.30% | -0.01% | -2.51% |
| # | 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 | +0.5% | -2.05% | 減碼 |
| 2 | GOOG | Alphabet Inc-cl C | +0.4% | -2.48% | 減碼 |
| 3 | LLY | Eli Lilly & Co | +0.3% | -0.71% | 減碼 |
| 4 | AAPL | Apple Inc | +0.2% | -2.43% | 減碼 |
| 5 | MU | Micron Technology Inc | +0.2% | +1.86% | 加碼 |
| 6 | AMD | Advanced Micro Devices | +0.1% | -0.11% | 減碼 |
| 7 | MRK | Merck & Co. Inc. | +0.1% | -2.50% | 減碼 |
| 8 | LRCX | Lam Research CORP | +0.1% | -0.96% | 減碼 |
| 9 | AMZN | Amazon.com Inc | +0.1% | -2.38% | 減碼 |
| 10 | JNJ | Johnson & Johnson | +0.1% | -2.31% | 減碼 |
| 11 | IVV | Ishares Core S&p 500 ETF | +0.1% | +6.02% | 加碼 |
| 12 | AVGO | Broadcom Inc | +0.1% | -1.90% | 減碼 |
| 13 | AGG | Ishares Core U.s. Aggregate | +0.1% | +25.05% | 加碼 |
| 14 | CAT | Caterpillar Inc | +0.1% | -6.19% | 減碼 |
| 15 | ISRG | Intuitive Surgical Inc | 0% | -2.17% | 減碼 |
| 16 | AMAT | Applied Materials Inc | 0% | -4.43% | 減碼 |
| 17 | CSCO | Cisco Systems Inc | 0% | -2.49% | 減碼 |
| 18 | WMT | Walmart Inc | 0% | -0.75% | 減碼 |
| 19 | AMGN | Amgen Inc | 0% | +0.61% | 加碼 |
| 20 | VEA | Vanguard Ftse Developed ETF | 0% | +6.09% | 加碼 |
| 21 | TMO | Thermo Fisher Scientific Inc | 0% | -2.06% | 減碼 |
| 22 | CRM | Salesforce Inc | 0% | -0.62% | 減碼 |
| 23 | APH | Amphenol Corp-cl A | 0% | +4.59% | 加碼 |
| 24 | C | Citigroup Inc | 0% | -3.64% | 減碼 |
| 25 | WFC | Wells Fargo & Co | 0% | -2.95% | 減碼 |
| 26 | TSM | Taiwan Semiconductor-sp Adr | 0% | +3.00% | 加碼 |
| 27 | BMY | Bristol-myers Squibb Co | 0% | -0.11% | 減碼 |
| 28 | MS | Morgan Stanley | 0% | -1.15% | 減碼 |
| 29 | ACWI | Ishares Msci Acwi ETF | 0% | +2222.58% | 加碼 |
| 30 | CRH | CRH plc | 0% | +33.37% | 加碼 |
| 31 | NEM | Newmont CORP | 0% | -1.07% | 減碼 |
| 32 | GS | Goldman Sachs Group Inc | 0% | -2.77% | 減碼 |
| 33 | GM | General Motors Co | 0% | -2.69% | 減碼 |
| 34 | XOM | Exxon Mobil CORP | 0% | -2.30% | 減碼 |
| 35 | CVNA | Carvana Co | 0% | +48.08% | 加碼 |
| 36 | WBD | Warner Bros Discovery Inc | 0% | -2.98% | 減碼 |
| 37 | SPY | Ss Spdr S&p 500 ETF Trust-us | 0% | -0.26% | 減碼 |
| 38 | DHR | Danaher CORP | 0% | -2.05% | 減碼 |
| 39 | AXP | American Express Co | 0% | -2.51% | 減碼 |
| 40 | KLAC | Kla CORP | 0% | -1.99% | 減碼 |
| 41 | WDC | Western Digital CORP | 0% | -3.51% | 減碼 |
| 42 | REGN | Regeneron Pharmaceuticals | 0% | -4.05% | 減碼 |
| 43 | SNDK | Sandisk CORP | 0% | +19.13% | 加碼 |
| 44 | IGF | Ishares Global Infrastructur | 0% | +7.58% | 加碼 |
| 45 | ACN | Accenture plc | 0% | -0.14% | 減碼 |
| 46 | FCX | Freeport-mcmoran Inc | 0% | -2.55% | 減碼 |
| 47 | VRTX | Vertex Pharmaceuticals Inc | 0% | -1.84% | 減碼 |
| 48 | CMI | Cummins Inc | 0% | -1.49% | 減碼 |
| 49 | GILD | Gilead Sciences Inc | 0% | -1.81% | 減碼 |
| 50 | INTC | Intel CORP | 0% | -0.89% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Northern Trust CORP 在 Q4 2025 季度的美股持倉總市值約為 US$8597.9億，共申報了 4449 個公開持股部位。
在 Q4 2025 季度，Northern Trust CORP 按市值排列的前三大核心持股分別為：NVDA (6.0%)、AAPL (5.6%)、MSFT (4.9%)。其中最大持股部位 NVDA 佔據整體投資組合約 6.0% 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
Q
市值: US$1.9億
本季最大獲利了結 / 清倉標的
KEL
前期市值: US$2.9億
在 Q4 2025 季度中，Northern Trust CORP 共進行了 200 項持倉異動，包含新建倉 3 個部位、加碼 42 個部位、減碼 150 個部位以及清倉 5 個部位。 其中最大新建倉標的為 Q。 本季清倉部位包含 KEL。
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。