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: 0002033536
申報總市值
US$43.0億
US$43.0億
501 檔
17.2%
在 Q4 2025 申報期間，Northwest & Ethical Investments L.P.（CIK: 0002033536）向美國 SEC 提交的 Form 13F 報告顯示，其追蹤之股票投資組合總市值達 US$43.0億，共持有 501 個公開申報部位。
從 Q4 2025 申報觀察，Northwest & Ethical Investments L.P. 採取防禦導向的調倉策略，本季減碼 108 檔個股並出清 17 檔部位，顯示機構在該時期進行風險控制與流動性回收。
在資產配置集中度方面，Northwest & Ethical Investments L.P. 的前 5 大核心持股（包含 MSFT, AVSD, NVDA 等）合計佔整體申報市值的 17.2%，反映機構在主要關鍵部位上的權重分佈。
僅顯示前 200 大持股（共 501 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 | MSFT | Microsoft CORP | 股票-科技 | 4.86% | -0.09% | -7.80% | |
| 2 | AVSD | Avantis Reps Intern Equi ETF | ETF-其他 | 3.31% | +0.30% | — | |
| 3 | NVDA | Nvidia CORP | 股票-科技 | 3.21% | +0.41% | +2.92% | |
| 4 | NULG | Nuveen Esg Lrg-cap Grw ETF | ETF-其他 | 2.89% | -3.01% | EXIT | |
| 5 | AAPL | Apple Inc | 股票-科技 | 2.38% | +0.24% | -7.35% | |
| 6 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 2.13% | +0.45% | +4.04% | |
| 7 | RY | Royal Bank Of Canada | 股票-金融 | 1.94% | +0.39% | -0.88% | |
| 8 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.68% | — | -0.67% | |
| 9 | TD | Toronto-dominion Bank | 股票-金融 | 1.52% | +0.26% | +2.41% | |
| 10 | AVGO | Broadcom Inc | 股票-科技 | 1.50% | +0.45% | -1.54% | |
| 11 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 1.40% | +0.14% | — | |
| 12 | A | Agilent Technologies Inc | 股票-醫療保健 | 1.28% | +0.04% | -6.76% | |
| 13 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 1.22% | +0.26% | +64.26% | |
| 14 | LIN | Linde plc | 股票-原物料 | 1.14% | -0.25% | -2.19% | |
| 15 | V | Visa Inc-class A Shares | 股票-金融 | 1.07% | +0.04% | +8.07% | |
| 16 | CNI | Canadian Natl Railway Co | 股票-工業 | 0.96% | +0.09% | +12.44% | |
| 17 | GILD | Gilead Sciences Inc | 股票-醫療保健 | 0.91% | -0.25% | +2.94% | |
| 18 | ENB | Enbridge Inc | 股票-能源 | 0.88% | +0.06% | -0.23% | |
| 19 | SHOP | Shopify Inc - Class A | 股票-科技 | 0.87% | -0.07% | +24.39% | |
| 20 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 0.87% | -0.46% | -28.56% | |
| 21 | BAC | Bank Of America CORP | 股票-金融 | 0.85% | +0.02% | -4.51% | |
| 22 | UNP | Union Pacific CORP | 股票-工業 | 0.85% | -0.41% | -7.03% | |
| 23 | CP | Canadian Pacific Kansas City | 股票-工業 | 0.83% | +0.04% | +6.68% | |
| 24 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.80% | +0.03% | +0.35% | |
| 25 | MA | Mastercard Inc - A | 股票-金融 | 0.80% | -0.11% | +14.22% | |
| 26 | CSCO | Cisco Systems Inc | 股票-科技 | 0.78% | +0.32% | +33.77% | |
| 27 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.78% | -0.05% | +7.92% | |
| 28 | RNR | RenaissanceRe Holdings Ltd. | 股票-金融 | 0.76% | — | -7.80% | |
| 29 | BN | Brookfield CORP | 股票-金融 | 0.75% | -0.03% | +55.66% | |
| 30 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 0.75% | -0.05% | -1.46% | |
| 31 | MCK | Mckesson CORP | 股票-醫療保健 | 0.72% | -0.12% | -7.72% | |
| 32 | INTU | Intuit Inc | 股票-科技 | 0.72% | -0.33% | -8.83% | |
| 33 | WM | Waste Management Inc | 股票-工業 | 0.71% | -0.06% | -7.80% | |
| 34 | AMAT | Applied Materials Inc | 股票-科技 | 0.70% | -0.06% | -21.39% | |
| 35 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.70% | +0.06% | -5.77% | |
| 36 | GIB | Cgi Inc | 股票-科技 | 0.70% | +0.09% | -9.29% | |
| 37 | HUBB | Hubbell Inc | 股票-工業 | 0.68% | -0.25% | -7.45% | |
| 38 | FNV | Franco-nevada CORP | 股票-原物料 | 0.67% | -0.22% | -6.31% | |
| 39 | EBAY | Ebay Inc | 股票-循環性消費 | 0.66% | -0.66% | +20.84% | |
| 40 | ZTS | Zoetis Inc | 股票-醫療保健 | 0.65% | -0.65% | -8.78% | |
| 41 | XYL | Xylem Inc | 股票-工業 | 0.64% | -0.17% | -7.80% | |
| 42 | SLF | Sun Life Financial Inc | 股票-金融 | 0.62% | +0.11% | -17.79% | |
| 43 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.62% | -0.10% | -30.13% | |
| 44 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.61% | +0.12% | -8.96% | |
| 45 | BNS | Bank Of Nova Scotia | 股票-金融 | 0.61% | +0.24% | +6.43% | |
| 46 | SNPS | Synopsys Inc | 股票-科技 | 0.59% | +0.07% | -9.76% | |
| 47 | VLTO | Veralto CORP | 股票-工業 | 0.59% | +0.07% | -14.01% | |
| 48 | MRVL | Marvell Technology Inc | 股票-科技 | 0.56% | -0.01% | -7.80% | |
| 49 | NOW | Servicenow Inc | 股票-科技 | 0.55% | -0.08% | +373.11% | |
| 50 | SPGI | S&p Global Inc | 股票-金融 | 0.54% | — | +53.46% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | GOOG | Alphabet Inc-cl C | +0.5% | +4.04% | 加碼 |
| 2 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.5% | +64.26% | 加碼 |
| 3 | NEE | Nextera Energy Inc | +0.3% | +181.40% | 加碼 |
| 4 | MDT | Medtronic plc | +0.3% | +424.51% | 加碼 |
| 5 | CSCO | Cisco Systems Inc | +0.2% | +33.77% | 加碼 |
| 6 | LLY | Eli Lilly & Co | +0.2% | +0.35% | 加碼 |
| 7 | TD | Toronto-dominion Bank | +0.2% | +2.41% | 加碼 |
| 8 | SHOP | Shopify Inc - Class A | +0.2% | +24.39% | 加碼 |
| 9 | SPGI | S&p Global Inc | +0.2% | +53.46% | 加碼 |
| 10 | MRK | Merck & Co. Inc. | +0.2% | +7.92% | 加碼 |
| 11 | RY | Royal Bank Of Canada | +0.2% | -0.88% | 減碼 |
| 12 | CNI | Canadian Natl Railway Co | +0.1% | +12.44% | 加碼 |
| 13 | CL | Colgate-palmolive Co | +0.1% | +37.56% | 加碼 |
| 14 | KR | Kroger Co | +0.1% | +124.64% | 加碼 |
| 15 | BNS | Bank Of Nova Scotia | +0.1% | +6.43% | 加碼 |
| 16 | GILD | Gilead Sciences Inc | +0.1% | +2.94% | 加碼 |
| 17 | MA | Mastercard Inc - A | +0.1% | +14.22% | 加碼 |
| 18 | V | Visa Inc-class A Shares | +0.1% | +8.07% | 加碼 |
| 19 | EBAY | Ebay Inc | +0.1% | +20.84% | 加碼 |
| 20 | WPM | Wheaton Precious Metals CORP | +0.1% | +32.22% | 加碼 |
| 21 | BEP | Brookfield Renewable Partners L.P. | +0.1% | +74.68% | 加碼 |
| 22 | TRP | Tc Energy CORP | +0.1% | +15.67% | 加碼 |
| 23 | B | Barrick Mining CORP | +0.1% | +6.51% | 加碼 |
| 24 | CAE | Cae Inc | +0.1% | +47.49% | 加碼 |
| 25 | MSI | Motorola Solutions Inc | +0.1% | +45.75% | 加碼 |
| 26 | CCJ | Cameco CORP | +0.1% | +59.15% | 加碼 |
| 27 | KGC | Kinross Gold CORP | +0.1% | +48.98% | 加碼 |
| 28 | MFC | Manulife Financial CORP | 0% | +3.97% | 加碼 |
| 29 | YUM | Yum! Brands Inc | 0% | +19.67% | 加碼 |
| 30 | WAT | Waters CORP | 0% | -6.79% | 減碼 |
| 31 | TMO | Thermo Fisher Scientific Inc | 0% | -2.55% | 減碼 |
| 32 | NTR | Nutrien LTD | 0% | +16.02% | 加碼 |
| 33 | PAAS | Pan American Silver CORP | 0% | +45.32% | 加碼 |
| 34 | BCE | Bce Inc | 0% | +16.69% | 加碼 |
| 35 | PGR | Progressive CORP | 0% | +86.28% | 加碼 |
| 36 | SU | Suncor Energy Inc | 0% | +10.11% | 加碼 |
| 37 | ✓ | On Holding AG | 0% | +62.27% | 加碼 |
| 38 | ROST | Ross Stores Inc | 0% | +13.71% | 加碼 |
| 39 | CRWD | Crowdstrike Holdings Inc - A | 0% | +83.99% | 加碼 |
| 40 | CTSH | Cognizant Tech Solutions-a | 0% | +7.74% | 加碼 |
| 41 | VOYA | Voya Financial Inc | 0% | +56.15% | 加碼 |
| 42 | CB | Chubb Limited | 0% | +13.67% | 加碼 |
| 43 | WCN | Waste Connections Inc | 0% | +17.75% | 加碼 |
| 44 | IAG | Iamgold CORP | 0% | +0.42% | 加碼 |
| 45 | TSM | Taiwan Semiconductor-sp Adr | 0% | -1.46% | 減碼 |
| 46 | MGA | Magna International Inc | 0% | -2.79% | 減碼 |
| 47 | BFAM | Bright Horizons Family Solut | 0% | +75.26% | 加碼 |
| 48 | PBA | Pembina Pipeline CORP | 0% | +19.53% | 加碼 |
| 49 | GIL | Gildan Activewear Inc | 0% | +13.87% | 加碼 |
| 50 | ROK | Rockwell Automation Inc | 0% | +7.47% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Northwest & Ethical Investments L.P. 在 Q4 2025 季度的美股持倉總市值約為 US$43.0億，共申報了 501 個公開持股部位。
在 Q4 2025 季度，Northwest & Ethical Investments L.P. 按市值排列的前三大核心持股分別為：MSFT (4.9%)、AVSD (3.3%)、NVDA (3.2%)。其中最大持股部位 MSFT 佔據整體投資組合約 4.9% 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
AVSD
市值: US$1.5億
本季最大獲利了結 / 清倉標的
ORCL
前期市值: US$2383.1萬
在 Q4 2025 季度中，Northwest & Ethical Investments L.P. 共進行了 200 項持倉異動，包含新建倉 13 個部位、加碼 62 個部位、減碼 108 個部位以及清倉 17 個部位。 其中最大新建倉標的為 AVSD。 本季清倉部位包含 ORCL。
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。