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: 0001692227
申報總市值
US$2.4億
US$2.4億
103 檔
19.1%
在 Q3 2025 申報期間，Norway Savings Bank（CIK: 0001692227）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$2.4億，共持有 103 個公開申報部位。
在 Q3 2025 期間，Norway Savings Bank 展現了靈活的資產再平衡步調，透過出清 3 檔弱勢或達到目標價部位，將資金轉置於 3 檔新建倉標的之中。
從部位權重觀察，前 5 大標的（包含 AAPL, MSFT, GOOGL）累計市值佔比達 19.1%，是驅動 Norway Savings Bank 該季度整體投資組合績效表現的核心支柱。
本季最大新建倉標的
MRVL
市值: US$115.6萬
本季最大獲利了結 / 清倉標的
PYPL
前期市值: US$39.7萬
| # | 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 | 5.13% | -0.09% | -1.36% | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 4.68% | -0.25% | -0.59% | |
| 3 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 4.37% | +0.32% | +0.41% | |
| 4 | NVDA | Nvidia CORP | 股票-科技 | 4.15% | +0.02% | -3.43% | |
| 5 | ORCL | Oracle CORP | 股票-科技 | 3.66% | -0.26% | -4.79% | |
| 6 | JPM | Jpmorgan Chase & Co | 股票-金融 | 3.37% | -0.10% | +0.70% | |
| 7 | AMZN | Amazon.com Inc | 股票-循環性消費 | 3.18% | +0.07% | +1.04% | |
| 8 | APH | Amphenol Corp-cl A | 股票-科技 | 2.93% | +0.60% | -2.28% | |
| 9 | PANW | Palo Alto Networks Inc | 股票-科技 | 2.84% | +1.92% | -0.22% | |
| 10 | EMXC | Ishares Msci Emr Mrk Ex Chna | ETF-其他 | 2.59% | +0.47% | +0.51% | |
| 11 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 2.13% | -0.20% | -1.57% | |
| 12 | ABT | Abbott Laboratories | 股票-醫療保健 | 2.10% | -0.29% | -1.18% | |
| 13 | SPDW | Ste Str Spdr Pt Dw EU ETF | ETF-其他 | 2.06% | -0.02% | -1.18% | |
| 14 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.87% | -0.22% | +4.69% | |
| 15 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.73% | +0.03% | -2.95% | |
| 16 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 1.71% | -0.33% | +0.66% | |
| 17 | CVX | Chevron CORP | 股票-能源 | 1.59% | -0.63% | -1.92% | |
| 18 | DGRO | Ishares Core Dividend Growth | ETF-其他 | 1.57% | -0.04% | +8.45% | |
| 19 | ADI | Analog Devices Inc | 股票-科技 | 1.55% | +0.13% | -1.85% | |
| 20 | BLK | Blackrock Inc | 股票-金融 | 1.51% | -0.11% | +2.06% | |
| 21 | XOM | Exxon Mobil CORP | 股票-能源 | 1.42% | -0.61% | -4.85% | |
| 22 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 1.42% | -0.12% | -0.65% | |
| 23 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.32% | -0.20% | -4.00% | |
| 24 | CRM | Salesforce Inc | 股票-科技 | 1.30% | -0.32% | +4.76% | |
| 25 | ICE | Intercontinental Exchange In | 股票-金融 | 1.30% | -0.36% | -0.52% | |
| 26 | BX | Blackstone Inc | 股票-金融 | 1.25% | -0.06% | +2.35% | |
| 27 | GS | Goldman Sachs Group Inc | 股票-金融 | 1.23% | +0.09% | +5.18% | |
| 28 | LOW | Lowe's Cos Inc | 股票-循環性消費 | 1.20% | -0.21% | +7.92% | |
| 29 | AMD | Advanced Micro Devices | 股票-科技 | 1.17% | +2.17% | +1.46% | |
| 30 | IDXX | Idexx Laboratories Inc | 股票-醫療保健 | 1.14% | -0.15% | -1.13% | |
| 31 | TYL | Tyler Technologies Inc | 股票-科技 | 1.08% | -0.25% | -0.35% | |
| 32 | BA | Boeing Co/the | 股票-工業 | 1.07% | +0.01% | +3.91% | |
| 33 | CAT | Caterpillar Inc | 股票-工業 | 1.06% | +0.42% | +0.66% | |
| 34 | MCHP | Microchip Technology Inc | 股票-科技 | 1.04% | +0.24% | +1.16% | |
| 35 | HON | Honeywell International Inc | 股票-工業 | 1.00% | -1.12% | EXIT | |
| 36 | ZS | Zscaler Inc | 股票-科技 | 0.94% | -0.14% | +9.14% | |
| 37 | DLR | Digital Realty Trust Inc | 股票-房地產 | 0.92% | -0.08% | +4.69% | |
| 38 | KLAC | Kla CORP | 股票-科技 | 0.92% | +0.79% | -10.19% | |
| 39 | TJX | Tjx Companies Inc | 股票-循環性消費 | 0.90% | -0.13% | +1.06% | |
| 40 | HCA | Hca Healthcare Inc | 股票-醫療保健 | 0.88% | -0.25% | +9.64% | |
| 41 | COP | Conocophillips | 股票-能源 | 0.87% | -0.34% | -2.38% | |
| 42 | NEE | Nextera Energy Inc | 股票-公用事業 | 0.85% | -0.18% | -3.19% | |
| 43 | DUK | Duke Energy CORP | 股票-公用事業 | 0.77% | -0.12% | +2.26% | |
| 44 | PEP | Pepsico Inc | 股票-非循環性消費 | 0.76% | -0.19% | -2.84% | |
| 45 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.72% | -0.01% | -0.37% | |
| 46 | DHR | Danaher CORP | 股票-醫療保健 | 0.67% | -0.09% | -0.44% | |
| 47 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.67% | -0.06% | -2.68% | |
| 48 | GD | General Dynamics CORP | 股票-工業 | 0.66% | -0.05% | +1.00% | |
| 49 | AMGN | Amgen Inc | 股票-醫療保健 | 0.64% | -0.07% | +3.49% | |
| 50 | MRSH | Marsh & Mclennan Cos | 股票-金融 | 0.63% | -0.18% | -6.65% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | ORCL | Oracle CORP | +1.4% | -4.79% | 減碼 |
| 2 | GOOGL | Alphabet Inc-cl A | +1.3% | +0.41% | 加碼 |
| 3 | NVDA | Nvidia CORP | +1.2% | -3.43% | 減碼 |
| 4 | APH | Amphenol Corp-cl A | +1% | -2.28% | 減碼 |
| 5 | MSFT | Microsoft CORP | +0.8% | -0.59% | 加碼 |
| 6 | META | Meta Platforms Inc-class A | +0.4% | +4.69% | 加碼 |
| 7 | AMD | Advanced Micro Devices | +0.4% | +1.46% | 加碼 |
| 8 | GS | Goldman Sachs Group Inc | +0.3% | +5.18% | 加碼 |
| 9 | IDXX | Idexx Laboratories Inc | +0.3% | -1.13% | 加碼 |
| 10 | ZS | Zscaler Inc | +0.3% | +9.14% | 加碼 |
| 11 | JPM | Jpmorgan Chase & Co | +0.3% | +0.70% | 減碼 |
| 12 | DGRO | Ishares Core Dividend Growth | +0.3% | +8.45% | 加碼 |
| 13 | CAT | Caterpillar Inc | +0.2% | +0.66% | 加碼 |
| 14 | BA | Boeing Co/the | +0.2% | +3.91% | 加碼 |
| 15 | HCA | Hca Healthcare Inc | +0.2% | +9.64% | 加碼 |
| 16 | BLK | Blackrock Inc | +0.2% | +2.06% | 加碼 |
| 17 | EMXC | Ishares Msci Emr Mrk Ex Chna | +0.2% | +0.51% | 加碼 |
| 18 | AMZN | Amazon.com Inc | +0.2% | +1.04% | 加碼 |
| 19 | KLAC | Kla CORP | +0.2% | -10.19% | 減碼 |
| 20 | BX | Blackstone Inc | +0.1% | +2.35% | 加碼 |
| 21 | DLR | Digital Realty Trust Inc | +0.1% | +4.69% | 加碼 |
| 22 | ISRG | Intuitive Surgical Inc | +0.1% | +7.73% | 加碼 |
| 23 | MCHP | Microchip Technology Inc | +0.1% | +1.16% | 減碼 |
| 24 | AFL | Aflac Inc | +0.1% | +65.89% | 加碼 |
| 25 | JNJ | Johnson & Johnson | +0.1% | -0.37% | 減碼 |
| 26 | ZBRA | Zebra Technologies Corp-cl A | +0.1% | +2.68% | 加碼 |
| 27 | ADI | Analog Devices Inc | 0% | -1.85% | 減碼 |
| 28 | LOW | Lowe's Cos Inc | 0% | +7.92% | 加碼 |
| 29 | TJX | Tjx Companies Inc | — | +1.06% | 減碼 |
| 30 | PANW | Palo Alto Networks Inc | 0% | -0.22% | 減碼 |
| 31 | SPDW | Ste Str Spdr Pt Dw EU ETF | -0.1% | -1.18% | 減碼 |
| 32 | ZTS | Zoetis Inc | -0.2% | -19.94% | 減碼 |
| 33 | CMG | Chipotle Mexican Grill Inc | -0.2% | -1.26% | 減碼 |
| 34 | AMT | American Tower CORP | -0.3% | -16.08% | 減碼 |
| 35 | UPS | United Parcel Service-cl B | -0.3% | -38.00% | 減碼 |
| 36 | ACN | Accenture plc | -0.3% | -11.74% | 減碼 |
| 37 | MRSH | Marsh & Mclennan Cos | -0.3% | -6.65% | 減碼 |
| 38 | AAPL | Apple Inc | -0.4% | -1.36% | 減碼 |
| 39 | MDLZ | Mondelez International Inc-a | -0.4% | -8.56% | 減碼 |
| 40 | XOM | Exxon Mobil CORP | -0.5% | -4.85% | 減碼 |
| 41 | PG | Procter & Gamble Co/the | -0.5% | -0.65% | 減碼 |
| 42 | CVX | Chevron CORP | -0.6% | -1.92% | 減碼 |
| 43 | LLY | Eli Lilly & Co | -0.6% | -2.95% | 減碼 |
| 44 | BRK-B | Berkshire Hathaway Inc-cl B | -0.6% | -1.57% | 減碼 |
| 45 | MRVL | Marvell Technology Inc | — | NEW | 新建倉 |
| 46 | GSK | Gsk Plc-spon Adr | — | NEW | 新建倉 |
| 47 | PYPL | Paypal Holdings Inc | — | EXIT | 清倉 |
| 48 | AVGO | Broadcom Inc | — | NEW | 新建倉 |
| 49 | ZBH | Zimmer Biomet Holdings Inc | — | EXIT | 清倉 |
| 50 | CVS | Cvs Health CORP | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Norway Savings Bank 在 Q3 2025 季度的美股持倉總市值約為 US$2.4億，共申報了 103 個公開持股部位。
在 Q3 2025 季度，Norway Savings Bank 按市值排列的前三大核心持股分別為：AAPL (5.1%)、MSFT (4.7%)、GOOGL (4.4%)。其中最大持股部位 AAPL 佔據整體投資組合約 5.1% 的權重。
在 Q3 2025 季度中，Norway Savings Bank 共進行了 50 項持倉異動，包含新建倉 3 個部位、加碼 20 個部位、減碼 24 個部位以及清倉 3 個部位。 其中最大新建倉標的為 MRVL。 本季清倉部位包含 PYPL。
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。
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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。
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。