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
306 檔
14.0%
在 Q2 2025 的 13F 官方備案中，Ontario Teachers Pension Plan Board 管理的美股投資組合規模來到 US$157.7億，整體持股檔數為 306 檔。
數據顯示 Ontario Teachers Pension Plan Board 於 Q2 2025 季度持續回收資金，對 14 個既有部位進行裁減並清倉 16 個標的，組合整體流動性比重有所上升。
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, HYG, MSFT 等）合計佔整體申報市值的 14.0%，反映機構在主要關鍵部位上的權重分佈。
本季最大新建倉標的
HYG
市值: US$3.0億
本季最大獲利了結 / 清倉標的
BDX
前期市值: US$3.3億
僅顯示前 200 大持股（共 306 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 | 27.59% | -21.85% | — | |
| 2 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-非投資等級債 | 6.16% | -10.57% | — | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 4.06% | — | -69.07% | |
| 4 | BAC | Bank Of America CORP | 股票-金融 | 4.01% | — | -48.62% | |
| 5 | CRM | Salesforce Inc | 股票-科技 | 3.81% | -3.81% | EXIT | |
| 6 | TD | Toronto-dominion Bank | 股票-金融 | 3.72% | — | +303.97% | |
| 7 | WMT | Walmart Inc | 股票-非循環性消費 | 3.63% | +0.16% | -57.54% | |
| 8 | COF | Capital One Financial CORP | 股票-金融 | 3.60% | -3.60% | EXIT | |
| 9 | CMI | Cummins Inc | 股票-工業 | 2.95% | -1.31% | EXIT | |
| 10 | HON | Honeywell International Inc | 股票-工業 | 2.89% | — | -58.22% | |
| 11 | SBUX | Starbucks CORP | 股票-循環性消費 | 2.52% | — | -40.78% | |
| 12 | SNOW | Snowflake Inc | 股票-科技 | 2.47% | -1.19% | -53.12% | |
| 13 | T | At&t Inc | 股票-通訊服務 | 2.45% | -0.04% | EXIT | |
| 14 | ROK | Rockwell Automation Inc | 股票-工業 | 2.43% | -2.23% | +7730.32% | |
| 15 | GE | General Electric | 股票-工業 | 2.31% | — | +146.54% | |
| 16 | AZNN | Astrazeneca Plc-spons Adr | 股票-其他 | 2.00% | — | — | |
| 17 | PONY | Pony Ai Inc | 股票-其他 | 1.77% | -0.82% | — | |
| 18 | DIS | Walt Disney Co/the | 股票-通訊服務 | 1.63% | -0.90% | EXIT | |
| 19 | HUM | Humana Inc | 股票-醫療保健 | 1.28% | — | -61.88% | |
| 20 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.22% | — | -72.16% | |
| 21 | PINS | Pinterest Inc- Class A | 股票-通訊服務 | 1.21% | — | -65.84% | |
| 22 | COOK | Traeger, Inc. | 股票-其他 | 0.87% | — | — | |
| 23 | F 0 03-15-26債券 | Ford Motor Company | 債券 | 0.51% | — | — | |
| 24 | SEA1EUR | Seabridge Gold Inc | 股票-其他 | 0.45% | -1.37% | EXIT | |
| 25 | HTHT 3 05-01-26債券 | H World Group LTD | 債券 | 0.35% | -0.61% | EXIT | |
| 26 | LOGI | Logitech International S.A. | 股票-科技 | 0.29% | — | -6.95% | |
| 27 | SU | Suncor Energy Inc | 股票-能源 | 0.24% | — | +15.58% | |
| 28 | ZTO 1.5 09-01-27債券 | Zto Express Ky Inc | 債券 | 0.24% | — | — | |
| 29 | CVE | Cenovus Energy Inc | 股票-能源 | 0.22% | — | +59.81% | |
| 30 | LYFT 0.625 03-01-29債券 | Lyft Inc | 債券 | 0.22% | — | — | |
| 31 | SEALTD 0.25 09-15-26債券 | Sea LTD | 債券 | 0.20% | -0.22% | — | |
| 32 | LAMR | Lamar Advertising Co-a | 股票-房地產 | 0.19% | -0.04% | EXIT | |
| 33 | EXEL | Exelixis Inc | 股票-醫療保健 | 0.19% | — | +39.53% | |
| 34 | UGI | Ugi CORP | 股票-公用事業 | 0.17% | — | +163.07% | |
| 35 | SWX | Southwest Gas Holdings Inc | 股票-公用事業 | 0.16% | — | +51.82% | |
| 36 | MGA | Magna International Inc | 股票-循環性消費 | 0.16% | — | +21.63% | |
| 37 | HST | Host Hotels & Resorts Inc | 股票-房地產 | 0.15% | — | +12.53% | |
| 38 | SR | Spire Inc | 股票-公用事業 | 0.15% | — | +50.10% | |
| 39 | NTNX 0.25 10-01-27債券 | Nutanix Inc | 債券 | 0.14% | -0.15% | EXIT | |
| 40 | WPM | Wheaton Precious Metals CORP | 股票-原物料 | 0.14% | — | +35.22% | |
| 41 | ABNB 0 03-15-26債券 | Airbnb Inc | 債券 | 0.14% | — | +250.00% | |
| 42 | XYZ 0 05-01-26債券 | Block Inc | 債券 | 0.14% | -0.20% | EXIT | |
| 43 | INGR | Ingredion Inc | 股票-非循環性消費 | 0.13% | — | +76.82% | |
| 44 | CDP | Copt Defense Properties | 股票-其他 | 0.13% | — | +98.56% | |
| 45 | WPC | Wp Carey Inc | 股票-房地產 | 0.13% | -0.13% | EXIT | |
| 46 | PSA | Public Storage | 股票-房地產 | 0.13% | -0.07% | EXIT | |
| 47 | TRIP 0.25 04-01-26債券 | Tripadvisor Inc | 債券 | 0.12% | — | +404.20% | |
| 48 | DTE | Dte Energy Company | 股票-公用事業 | 0.12% | -0.04% | EXIT | |
| 49 | SAM | Boston Beer Company Inc-a | 股票-非循環性消費 | 0.12% | -0.11% | EXIT | |
| 50 | WEC | Wec Energy Group Inc | 股票-公用事業 | 0.12% | -0.01% | EXIT |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | GFL | Gfl Environmental Inc-sub Vt | +8% | — | 不變 |
| 2 | TD | Toronto-dominion Bank | +3.2% | +303.97% | 加碼 |
| 3 | CMI | Cummins Inc | +2.9% | +5158.87% | 加碼 |
| 4 | ROK | Rockwell Automation Inc | +2.4% | +7730.32% | 加碼 |
| 5 | GE | General Electric | +1.8% | +146.54% | 加碼 |
| 6 | SEA1EUR | Seabridge Gold Inc | +0.2% | +10.82% | 加碼 |
| 7 | UGI | Ugi CORP | +0.1% | +163.07% | 加碼 |
| 8 | ABNB 0 03-15-26債券 | Airbnb Inc | +0.1% | +250.00% | 加碼 |
| 9 | TRIP 0.25 04-01-26債券 | Tripadvisor Inc | +0.1% | +404.20% | 加碼 |
| 10 | USFD | US Foods Holding CORP | +0.1% | +265.01% | 加碼 |
| 11 | SNOW | Snowflake Inc | -0.1% | -53.12% | 減碼 |
| 12 | CFG | Citizens Financial Group | -0.2% | -93.88% | 減碼 |
| 13 | CRM | Salesforce Inc | -0.3% | -32.75% | 減碼 |
| 14 | SBUX | Starbucks CORP | -0.9% | -40.78% | 減碼 |
| 15 | PINS | Pinterest Inc- Class A | -1.1% | -65.84% | 減碼 |
| 16 | BAC | Bank Of America CORP | -1.1% | -48.62% | 減碼 |
| 17 | HUM | Humana Inc | -1.4% | -61.88% | 減碼 |
| 18 | HON | Honeywell International Inc | -1.8% | -58.22% | 減碼 |
| 19 | DIS | Walt Disney Co/the | -2.1% | -73.83% | 減碼 |
| 20 | WMT | Walmart Inc | -2.1% | -57.54% | 減碼 |
| 21 | LLY | Eli Lilly & Co | -2.2% | -72.16% | 減碼 |
| 22 | PYPL | Paypal Holdings Inc | -2.4% | -99.26% | 減碼 |
| 23 | T | At&t Inc | -2.8% | -65.74% | 減碼 |
| 24 | MSFT | Microsoft CORP | -3.3% | -69.07% | 減碼 |
| 25 | BDX | Becton Dickinson And Co | — | EXIT | 清倉 |
| 26 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | — | NEW | 新建倉 |
| 27 | DE | Deere & Co | — | EXIT | 清倉 |
| 28 | COF | Capital One Financial CORP | — | NEW | 新建倉 |
| 29 | XYZ | Block Inc | — | EXIT | 清倉 |
| 30 | AZNN | Astrazeneca Plc-spons Adr | — | NEW | 新建倉 |
| 31 | PONY | Pony Ai Inc | — | NEW | 新建倉 |
| 32 | VSAT | Viasat Inc | — | EXIT | 清倉 |
| 33 | PANW 0.375 06-01-25債券 | Palo Alto Networks | — | EXIT | 清倉 |
| 34 | AYS1 | Sandstorm Gold LTD | — | EXIT | 清倉 |
| 35 | ZS 0.125 07-01-25債券 | Zscaler Inc. | — | EXIT | 清倉 |
| 36 | PNC | Pnc Financial Services Group | — | EXIT | 清倉 |
| 37 | LYFT 0.625 03-01-29債券 | Lyft Inc | — | NEW | 新建倉 |
| 38 | WFC | Wells Fargo & Co | — | EXIT | 清倉 |
| 39 | NTNX 0.25 10-01-27債券 | Nutanix Inc | — | NEW | 新建倉 |
| 40 | TTC | Toro Co | — | EXIT | 清倉 |
| 41 | SPOT 0 03-15-26債券 | Spotify USA Inc | — | EXIT | 清倉 |
| 42 | EIX | Edison International | — | EXIT | 清倉 |
| 43 | CBT | Cabot CORP | — | EXIT | 清倉 |
| 44 | DAY 0.25 03-15-26債券 | Dayforce Inc | — | NEW | 新建倉 |
| 45 | EMA | Emera Inc | — | NEW | 新建倉 |
| 46 | FE | Firstenergy CORP | — | NEW | 新建倉 |
| 47 | CNQ | Canadian Natural Resources | — | EXIT | 清倉 |
| 48 | CRUS | Cirrus Logic Inc | — | EXIT | 清倉 |
| 49 | RS | Reliance Inc | — | EXIT | 清倉 |
| 50 | OPCH | Option Care Health Inc | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Ontario Teachers Pension Plan Board 在 Q2 2025 季度的美股持倉總市值約為 US$157.7億，共申報了 306 個公開持股部位。
在 Q2 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 (27.6%)、HYG (6.2%)、MSFT (4.1%)。其中最大持股部位 GFL 佔據整體投資組合約 27.6% 的權重。
在 Q2 2025 季度中，Ontario Teachers Pension Plan Board 共進行了 49 項持倉異動，包含新建倉 10 個部位、加碼 9 個部位、減碼 14 個部位以及清倉 16 個部位。 其中最大新建倉標的為 HYG。 本季清倉部位包含 BDX。
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。