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: 0000937567
申報總市值
US$157.7億
US$157.7億
412 檔
17.8%
在 Q1 2025 申報期間，Ontario Teachers Pension Plan Board（CIK: 0000937567）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$157.7億，共持有 412 個公開申報部位。
觀察 Q1 2025 的資金脈絡，Ontario Teachers Pension Plan Board 在獲利結算 10 檔個股的同時，將資本重新部署至 7 檔新選標的，展現主動管理機構的輪動節奏。
在資產配置集中度方面，Ontario Teachers Pension Plan Board 的前 5 大核心持股（包含 GFL, MSFT, WMT 等）合計佔整體申報市值的 17.8%，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 412 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 | GFL | Gfl Environmental Inc-sub Vt | 股票-其他 | 19.63% | -21.85% | -25.22% | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 7.37% | — | -11.88% | |
| 3 | WMT | Walmart Inc | 股票-非循環性消費 | 5.71% | +0.16% | +28684.82% | |
| 4 | T | At&t Inc | 股票-通訊服務 | 5.20% | -0.04% | EXIT | |
| 5 | BAC | Bank Of America CORP | 股票-金融 | 5.13% | — | -7.41% | |
| 6 | BDX | Becton Dickinson And Co | 股票-醫療保健 | 5.10% | — | -8.19% | |
| 7 | HON | Honeywell International Inc | 股票-工業 | 4.67% | — | +4.76% | |
| 8 | CRM | Salesforce Inc | 股票-科技 | 4.15% | -3.81% | EXIT | |
| 9 | DE | Deere & Co | 股票-工業 | 3.93% | — | -15.69% | |
| 10 | DIS | Walt Disney Co/the | 股票-通訊服務 | 3.69% | -0.90% | EXIT | |
| 11 | LLY | Eli Lilly & Co | 股票-醫療保健 | 3.46% | — | -12.03% | |
| 12 | SBUX | Starbucks CORP | 股票-循環性消費 | 3.39% | — | -9.92% | |
| 13 | HUM | Humana Inc | 股票-醫療保健 | 2.71% | — | +8.57% | |
| 14 | SNOW | Snowflake Inc | 股票-科技 | 2.56% | -1.19% | +19.14% | |
| 15 | XYZ | Block Inc | 股票-金融 | 2.46% | — | — | |
| 16 | PYPL | Paypal Holdings Inc | 股票-金融 | 2.46% | — | +8.19% | |
| 17 | PINS | Pinterest Inc- Class A | 股票-通訊服務 | 2.29% | — | +0.61% | |
| 18 | VSAT | Viasat Inc | 股票-科技 | 0.77% | — | -43.88% | |
| 19 | COOK | Traeger, Inc. | 股票-其他 | 0.64% | — | — | |
| 20 | TD | Toronto-dominion Bank | 股票-金融 | 0.56% | — | — | |
| 21 | PANW 0.375 06-01-25債券 | Palo Alto Networks | 債券 | 0.55% | — | — | |
| 22 | GE | General Electric | 股票-工業 | 0.54% | — | — | |
| 23 | AYS1 | Sandstorm Gold LTD | 股票-其他 | 0.52% | — | -33.34% | |
| 24 | ZS 0.125 07-01-25債券 | Zscaler Inc. | 債券 | 0.41% | — | — | |
| 25 | F 0 03-15-26債券 | Ford Motor Company | 債券 | 0.38% | — | — | |
| 26 | HTHT 3 05-01-26債券 | H World Group LTD | 債券 | 0.27% | -0.61% | EXIT | |
| 27 | SEA1EUR | Seabridge Gold Inc | 股票-其他 | 0.24% | -1.37% | EXIT | |
| 28 | LOGI | Logitech International S.A. | 股票-科技 | 0.22% | — | -4.39% | |
| 29 | CFG | Citizens Financial Group | 股票-金融 | 0.19% | — | +1487.31% | |
| 30 | ZTO 1.5 09-01-27債券 | Zto Express Ky Inc | 債券 | 0.18% | — | — | |
| 31 | PNC | Pnc Financial Services Group | 股票-金融 | 0.17% | -3.31% | EXIT | |
| 32 | SU | Suncor Energy Inc | 股票-能源 | 0.16% | — | +18.50% | |
| 33 | SEALTD 0.25 09-15-26債券 | Sea LTD | 債券 | 0.14% | -0.22% | — | |
| 34 | WFC | Wells Fargo & Co | 股票-金融 | 0.13% | — | — | |
| 35 | CVE | Cenovus Energy Inc | 股票-能源 | 0.11% | — | -12.47% | |
| 36 | XYZ 0 05-01-26債券 | Block Inc | 債券 | 0.10% | -0.20% | EXIT | |
| 37 | WPC | Wp Carey Inc | 股票-房地產 | 0.10% | -0.13% | EXIT | |
| 38 | TTC | Toro Co | 股票-工業 | 0.10% | — | +188.27% | |
| 39 | BMY | Bristol-myers Squibb Co | 股票-醫療保健 | 0.10% | — | +48.99% | |
| 40 | HST | Host Hotels & Resorts Inc | 股票-房地產 | 0.09% | — | +77.68% | |
| 41 | LAMR | Lamar Advertising Co-a | 股票-房地產 | 0.09% | -0.04% | EXIT | |
| 42 | SPOT 0 03-15-26債券 | Spotify USA Inc | 債券 | 0.09% | — | — | |
| 43 | MGA | Magna International Inc | 股票-循環性消費 | 0.08% | — | +228.21% | |
| 44 | EXEL | Exelixis Inc | 股票-醫療保健 | 0.08% | — | +212.81% | |
| 45 | SNAP 0 05-01-27債券 | Snap Inc | 債券 | 0.08% | -0.12% | — | |
| 46 | SR | Spire Inc | 股票-公用事業 | 0.08% | — | -1.00% | |
| 47 | SWX | Southwest Gas Holdings Inc | 股票-公用事業 | 0.08% | — | +8.98% | |
| 48 | EIX | Edison International | 股票-公用事業 | 0.08% | +0.69% | NEW | |
| 49 | CBT | Cabot CORP | 股票-原物料 | 0.08% | — | +180.78% | |
| 50 | NSA | National Storage Affiliates | 股票-房地產 | 0.07% | -0.03% | EXIT |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | WMT | Walmart Inc | +5.7% | +28684.82% | 加碼 |
| 2 | T | At&t Inc | +5.2% | +30527.54% | 加碼 |
| 3 | HON | Honeywell International Inc | +0.8% | +4.76% | 加碼 |
| 4 | HUM | Humana Inc | +0.8% | +8.57% | 加碼 |
| 5 | SNOW | Snowflake Inc | +0.7% | +19.14% | 加碼 |
| 6 | BDX | Becton Dickinson And Co | +0.6% | -8.19% | 減碼 |
| 7 | CRM | Salesforce Inc | +0.6% | +17.72% | 加碼 |
| 8 | PINS | Pinterest Inc- Class A | +0.6% | +0.61% | 加碼 |
| 9 | SBUX | Starbucks CORP | +0.6% | -9.92% | 減碼 |
| 10 | DE | Deere & Co | +0.5% | -15.69% | 減碼 |
| 11 | LLY | Eli Lilly & Co | +0.5% | -12.03% | 減碼 |
| 12 | DIS | Walt Disney Co/the | +0.4% | +3.32% | 加碼 |
| 13 | BAC | Bank Of America CORP | +0.4% | -7.41% | 減碼 |
| 14 | CFG | Citizens Financial Group | +0.2% | +1487.31% | 加碼 |
| 15 | SEA1EUR | Seabridge Gold Inc | +0.1% | +36.58% | 加碼 |
| 16 | TTC | Toro Co | +0.1% | +188.27% | 加碼 |
| 17 | EXEL | Exelixis Inc | +0.1% | +212.81% | 加碼 |
| 18 | WPC | Wp Carey Inc | +0.1% | +82.28% | 加碼 |
| 19 | DTE | Dte Energy Company | +0.1% | +309.93% | 加碼 |
| 20 | CBT | Cabot CORP | +0.1% | +180.78% | 加碼 |
| 21 | PYPL | Paypal Holdings Inc | +0.1% | +8.19% | 加碼 |
| 22 | AYS1 | Sandstorm Gold LTD | +0.1% | -33.34% | 減碼 |
| 23 | MGA | Magna International Inc | +0.1% | +228.21% | 加碼 |
| 24 | INCY | Incyte CORP | +0.1% | +429.46% | 加碼 |
| 25 | WPM | Wheaton Precious Metals CORP | +0.1% | +161.45% | 加碼 |
| 26 | GFL | Gfl Environmental Inc-sub Vt | — | -25.22% | 減碼 |
| 27 | CNQ | Canadian Natural Resources | 0% | -51.23% | 減碼 |
| 28 | COOK | Traeger, Inc. | -0.1% | — | 不變 |
| 29 | VSAT | Viasat Inc | -0.1% | -43.88% | 減碼 |
| 30 | MSFT | Microsoft CORP | -0.3% | -11.88% | 減碼 |
| 31 | ULTA | Ulta Beauty Inc | -2.5% | -99.81% | 減碼 |
| 32 | LOW | Lowe's Cos Inc | -3.8% | -99.37% | 減碼 |
| 33 | CB | Chubb Limited | -4.9% | -99.90% | 減碼 |
| 34 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | — | EXIT | 清倉 |
| 35 | CMCSA | Comcast Corp-class A | — | EXIT | 清倉 |
| 36 | XYZ | Block Inc | — | NEW | 新建倉 |
| 37 | TD | Toronto-dominion Bank | — | NEW | 新建倉 |
| 38 | GE | General Electric | — | NEW | 新建倉 |
| 39 | AMZN | Amazon.com Inc | — | EXIT | 清倉 |
| 40 | AIOT | Powerfleet Inc | — | EXIT | 清倉 |
| 41 | NVDA | Nvidia CORP | — | EXIT | 清倉 |
| 42 | DXCM 0.25 11-15-25債券 | Dexcom Inc | — | EXIT | 清倉 |
| 43 | ON 0.5 03-01-29債券 | On Semiconductor CORP | — | EXIT | 清倉 |
| 44 | PNC | Pnc Financial Services Group | — | NEW | 新建倉 |
| 45 | WFC | Wells Fargo & Co | — | NEW | 新建倉 |
| 46 | SPOT 0 03-15-26債券 | Spotify USA Inc | — | NEW | 新建倉 |
| 47 | CABO 0 03-15-26債券 | Cable One Inc | — | EXIT | 清倉 |
| 48 | OGE | Oge Energy CORP | — | EXIT | 清倉 |
| 49 | NIO 0.5 02-01-27債券 | Nio Inc | — | EXIT | 清倉 |
| 50 | NSP | Insperity Inc | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Ontario Teachers Pension Plan Board 在 Q1 2025 季度的美股持倉總市值約為 US$157.7億，共申報了 412 個公開持股部位。
在 Q1 2025 季度，Ontario Teachers Pension Plan Board 按市值排列的前三大核心持股分別為：GFL (19.6%)、MSFT (7.4%)、WMT (5.7%)。其中最大持股部位 GFL 佔據整體投資組合約 19.6% 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
XYZ
市值: US$1.6億
本季最大獲利了結 / 清倉標的
LQD
前期市值: US$6.4億
在 Q1 2025 季度中，Ontario Teachers Pension Plan Board 共進行了 49 項持倉異動，包含新建倉 7 個部位、加碼 19 個部位、減碼 13 個部位以及清倉 10 個部位。 其中最大新建倉標的為 XYZ。 本季清倉部位包含 LQD。
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。