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
176 檔
13.3%
Q3 2025 季度申報顯示，Ontario Teachers Pension Plan Board 揭露的美股組合總市值為 US$157.7億，涵蓋 176 個不同之權益投資部位。
在 Q3 2025，Ontario Teachers Pension Plan Board 展現出較為審慎的避險與獲利了結姿態。本季共減碼 11 個部位並完全清倉 17 檔持股，調降曝險的部位數量高於加碼動作。
整體而言，Ontario Teachers Pension Plan Board 的前 5 大持股（包含 GFL, HYG, COF）貢獻了組合市值的 13.3%，形成該機構在 Q3 2025 季度的基本面基石。
| # | 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 | 26.49% | -21.85% | -8.11% | |
| 2 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-非投資等級債 | 9.53% | -10.57% | +37.84% | |
| 3 | COF | Capital One Financial CORP | 股票-金融 | 4.33% | -3.60% | EXIT | |
| 4 | WMT | Walmart Inc | 股票-非循環性消費 | 4.02% | +0.16% | -5.64% | |
| 5 | CRM | Salesforce Inc | 股票-科技 | 3.91% | -3.81% | EXIT | |
| 6 | BAC | Bank Of America CORP | 股票-金融 | 3.66% | — | -24.95% | |
| 7 | PONY | Pony Ai Inc | 股票-其他 | 3.36% | -0.82% | — | |
| 8 | CMI | Cummins Inc | 股票-工業 | 3.13% | -1.31% | EXIT | |
| 9 | HON | Honeywell International Inc | 股票-工業 | 3.11% | — | +7.04% | |
| 10 | ROK | Rockwell Automation Inc | 股票-工業 | 2.79% | -2.23% | -2.36% | |
| 11 | MSFT | Microsoft CORP | 股票-科技 | 2.70% | — | -42.65% | |
| 12 | TEAM | Atlassian Corp-cl A | 股票-科技 | 2.45% | -1.27% | EXIT | |
| 13 | GE | General Electric | 股票-工業 | 2.45% | — | -18.77% | |
| 14 | T | At&t Inc | 股票-通訊服務 | 2.41% | -0.04% | EXIT | |
| 15 | NVDA | Nvidia CORP | 股票-科技 | 2.08% | -2.71% | EXIT | |
| 16 | ROST | Ross Stores Inc | 股票-循環性消費 | 1.73% | -1.84% | — | |
| 17 | DIS | Walt Disney Co/the | 股票-通訊服務 | 1.60% | -0.90% | EXIT | |
| 18 | AZNN | Astrazeneca Plc-spons Adr | 股票-其他 | 1.44% | — | -41.04% | |
| 19 | ABBV | Abbvie Inc | 股票-醫療保健 | 1.26% | -2.05% | EXIT | |
| 20 | BLK | Blackrock Inc | 股票-金融 | 1.13% | — | +6347.94% | |
| 21 | PINS | Pinterest Inc- Class A | 股票-通訊服務 | 1.11% | — | -8.90% | |
| 22 | SEA1EUR | Seabridge Gold Inc | 股票-其他 | 0.83% | -1.37% | EXIT | |
| 23 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.80% | — | -40.34% | |
| 24 | F 0 03-15-26債券 | Ford Motor Company | 債券 | 0.70% | — | +20.00% | |
| 25 | COOK | Traeger, Inc. | 股票-其他 | 0.69% | — | — | |
| 26 | BURL | Burlington Stores Inc | 股票-循環性消費 | 0.68% | -1.81% | — | |
| 27 | UBER 0.875 12-01-28 2028債券 | Uber Technologies Inc | 債券 | 0.51% | -0.48% | — | |
| 28 | SPOT 0 03-15-26債券 | Spotify USA Inc | 債券 | 0.47% | — | — | |
| 29 | BSX | Boston Scientific CORP | 股票-醫療保健 | 0.46% | — | — | |
| 30 | HTHT 3 05-01-26債券 | H World Group LTD | 債券 | 0.41% | -0.61% | EXIT | |
| 31 | NTNX 0.25 10-01-27債券 | Nutanix Inc | 債券 | 0.32% | -0.15% | EXIT | |
| 32 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 0.26% | -0.85% | EXIT | |
| 33 | MTN 0 01-01-26債券 | Vail Resorts Inc | 債券 | 0.23% | — | — | |
| 34 | BZH | Beazer Homes USA Inc | 股票-其他 | 0.22% | -0.15% | — | |
| 35 | SEALTD 0.25 09-15-26債券 | Sea LTD | 債券 | 0.22% | -0.22% | — | |
| 36 | LAMR | Lamar Advertising Co-a | 股票-房地產 | 0.21% | -0.04% | EXIT | |
| 37 | HST | Host Hotels & Resorts Inc | 股票-房地產 | 0.20% | — | +5.11% | |
| 38 | WPC | Wp Carey Inc | 股票-房地產 | 0.19% | -0.13% | EXIT | |
| 39 | SWX | Southwest Gas Holdings Inc | 股票-公用事業 | 0.19% | — | -1.80% | |
| 40 | CPT | Camden Property Trust | 股票-房地產 | 0.16% | -0.10% | EXIT | |
| 41 | DTE | Dte Energy Company | 股票-公用事業 | 0.16% | -0.04% | EXIT | |
| 42 | ABNB 0 03-15-26債券 | Airbnb Inc | 債券 | 0.16% | — | — | |
| 43 | XYZ 0 05-01-26債券 | Block Inc | 債券 | 0.16% | -0.20% | EXIT | |
| 44 | UGI | Ugi CORP | 股票-公用事業 | 0.15% | — | -13.68% | |
| 45 | PK | Park Hotels & Resorts Inc | 股票-房地產 | 0.14% | -0.14% | EXIT | |
| 46 | TRIP 0.25 04-01-26債券 | Tripadvisor Inc | 債券 | 0.14% | — | — | |
| 47 | NSA | National Storage Affiliates | 股票-房地產 | 0.14% | -0.03% | EXIT | |
| 48 | MAA | Mid-america Apartment Comm | 股票-房地產 | 0.14% | -0.13% | EXIT | |
| 49 | EVRG | Evergy Inc | 股票-公用事業 | 0.13% | -0.01% | EXIT | |
| 50 | SNAP 0 05-01-27債券 | Snap Inc | 債券 | 0.13% | -0.12% | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | +3.4% | +37.84% | 加碼 |
| 2 | PONY | Pony Ai Inc | +1.6% | — | 不變 |
| 3 | BLK | Blackrock Inc | +1.1% | +6347.94% | 加碼 |
| 4 | COF | Capital One Financial CORP | +0.7% | +8.18% | 加碼 |
| 5 | SEA1EUR | Seabridge Gold Inc | +0.4% | — | 不變 |
| 6 | F 0 03-15-26債券 | Ford Motor Company | +0.2% | +20.00% | 加碼 |
| 7 | CMI | Cummins Inc | +0.2% | -26.20% | 減碼 |
| 8 | NTNX 0.25 10-01-27債券 | Nutanix Inc | +0.2% | +100.00% | 加碼 |
| 9 | GE | General Electric | +0.1% | -18.77% | 減碼 |
| 10 | CRM | Salesforce Inc | +0.1% | +5.73% | 加碼 |
| 11 | DIS | Walt Disney Co/the | 0% | -4.64% | 減碼 |
| 12 | T | At&t Inc | 0% | -9.39% | 減碼 |
| 13 | PINS | Pinterest Inc- Class A | -0.1% | -8.90% | 減碼 |
| 14 | SR | Spire Inc | -0.1% | -78.11% | 減碼 |
| 15 | COOK | Traeger, Inc. | -0.2% | — | 不變 |
| 16 | BAC | Bank Of America CORP | -0.4% | -24.95% | 減碼 |
| 17 | LLY | Eli Lilly & Co | -0.4% | -40.34% | 減碼 |
| 18 | AZNN | Astrazeneca Plc-spons Adr | -0.6% | -41.04% | 減碼 |
| 19 | GFL | Gfl Environmental Inc-sub Vt | -1.1% | -8.11% | 減碼 |
| 20 | MSFT | Microsoft CORP | -1.4% | -42.65% | 減碼 |
| 21 | TD | Toronto-dominion Bank | — | EXIT | 清倉 |
| 22 | SBUX | Starbucks CORP | — | EXIT | 清倉 |
| 23 | SNOW | Snowflake Inc | — | EXIT | 清倉 |
| 24 | TEAM | Atlassian Corp-cl A | — | NEW | 新建倉 |
| 25 | NVDA | Nvidia CORP | — | NEW | 新建倉 |
| 26 | ROST | Ross Stores Inc | — | NEW | 新建倉 |
| 27 | HUM | Humana Inc | — | EXIT | 清倉 |
| 28 | ABBV | Abbvie Inc | — | NEW | 新建倉 |
| 29 | BURL | Burlington Stores Inc | — | NEW | 新建倉 |
| 30 | UBER 0.875 12-01-28 2028債券 | Uber Technologies Inc | — | NEW | 新建倉 |
| 31 | SPOT 0 03-15-26債券 | Spotify USA Inc | — | NEW | 新建倉 |
| 32 | BSX | Boston Scientific CORP | — | NEW | 新建倉 |
| 33 | LOGI | Logitech International S.A. | — | EXIT | 清倉 |
| 34 | SU | Suncor Energy Inc | — | EXIT | 清倉 |
| 35 | TMO | Thermo Fisher Scientific Inc | — | NEW | 新建倉 |
| 36 | ZTO 1.5 09-01-27債券 | Zto Express Ky Inc | — | EXIT | 清倉 |
| 37 | CVE | Cenovus Energy Inc | — | EXIT | 清倉 |
| 38 | LYFT 0.625 03-01-29債券 | Lyft Inc | — | EXIT | 清倉 |
| 39 | MTN 0 01-01-26債券 | Vail Resorts Inc | — | NEW | 新建倉 |
| 40 | BZH | Beazer Homes USA Inc | — | NEW | 新建倉 |
| 41 | EXEL | Exelixis Inc | — | EXIT | 清倉 |
| 42 | MGA | Magna International Inc | — | EXIT | 清倉 |
| 43 | WPM | Wheaton Precious Metals CORP | — | EXIT | 清倉 |
| 44 | MEDP | Medpace Holdings Inc | — | EXIT | 清倉 |
| 45 | JAZZ | Jazz Pharmaceuticals plc | — | EXIT | 清倉 |
| 46 | DBX 0 03-01-28債券 | Dropbox Inc | — | NEW | 新建倉 |
| 47 | EOG | Eog Resources Inc | — | EXIT | 清倉 |
| 48 | POR | Portland General Electric Co | — | NEW | 新建倉 |
| 49 | AMGN | Amgen Inc | — | EXIT | 清倉 |
| 50 | TFII | Tfi International Inc | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Ontario Teachers Pension Plan Board 在 Q3 2025 季度的美股持倉總市值約為 US$157.7億，共申報了 176 個公開持股部位。
在 Q3 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 (26.5%)、HYG (9.5%)、COF (4.3%)。其中最大持股部位 GFL 佔據整體投資組合約 26.5% 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
TEAM
市值: US$1.1億
本季最大獲利了結 / 清倉標的
TD
前期市值: US$1.8億
在 Q3 2025 季度中，Ontario Teachers Pension Plan Board 共進行了 47 項持倉異動，包含新建倉 13 個部位、加碼 6 個部位、減碼 11 個部位以及清倉 17 個部位。 其中最大新建倉標的為 TEAM。 本季清倉部位包含 TD。
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。