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: 0002103310
申報總市值
US$44.2億
US$44.2億
190 檔
34.3%
Q1 2026 季度申報顯示，PBU - The Pension Fund of Early Childhood & Youth Educators 揭露的美股組合總市值為 US$44.2億，涵蓋 190 個不同之權益投資部位。
在 Q1 2026，PBU - The Pension Fund of Early Childhood & Youth Educators 操作展現出積極擴展與加碼意向。本季共新建倉 12 個新部位，並對 111 個既有持股進行加碼（合計增持 123 檔），相較減碼與清倉部位顯著佔優。
檢視投資組合結構，前 5 大主力部位（包含 NVDA, AAPL, MSFT）占據了總市值的 34.3%，展現出該機構在 Q1 2026 的重點資金聚焦與風險分佈特徵。
| # | 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 | NVDA | Nvidia CORP | 股票-科技 | 6.47% | -0.29% | -6.70% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 5.57% | +0.24% | -8.43% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 4.15% | +4.52% | -5.06% | |
| 4 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 3.87% | -0.76% | -19.65% | |
| 5 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.72% | -0.73% | -14.62% | |
| 6 | AVGO | Broadcom Inc | 股票-科技 | 2.22% | +0.41% | -25.46% | |
| 7 | JPM | Jpmorgan Chase & Co | 股票-金融 | 2.10% | -0.94% | +7.86% | |
| 8 | LRCX | Lam Research CORP | 股票-科技 | 1.88% | -0.58% | +1.98% | |
| 9 | AMAT | Applied Materials Inc | 股票-科技 | 1.74% | -0.45% | +17.93% | |
| 10 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 1.56% | -0.77% | -22.50% | |
| 11 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.39% | +3.63% | +29.41% | |
| 12 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 1.35% | -0.80% | -4.04% | |
| 13 | ABBV | Abbvie Inc | 股票-醫療保健 | 1.26% | -0.79% | +193.48% | |
| 14 | KLAC | Kla CORP | 股票-科技 | 1.23% | -1.23% | EXIT | |
| 15 | NEM | Newmont CORP | 股票-原物料 | 1.22% | -0.88% | -0.98% | |
| 16 | MA | Mastercard Inc - A | 股票-金融 | 1.17% | +0.24% | +18.08% | |
| 17 | TJX | Tjx Companies Inc | 股票-循環性消費 | 1.10% | -0.57% | +7.75% | |
| 18 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.06% | +0.29% | -24.04% | |
| 19 | EBAY | Ebay Inc | 股票-循環性消費 | 1.06% | -0.54% | +2.45% | |
| 20 | ANET | Arista Networks Inc | 股票-科技 | 1.00% | -0.43% | +5.80% | |
| 21 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.96% | -0.62% | +21.86% | |
| 22 | V | Visa Inc-class A Shares | 股票-金融 | 0.91% | +0.96% | -45.00% | |
| 23 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.90% | +0.02% | +15.76% | |
| 24 | EME | Emcor Group Inc | 股票-工業 | 0.83% | -0.83% | EXIT | |
| 25 | HD | Home Depot Inc | 股票-循環性消費 | 0.82% | +0.23% | -21.94% | |
| 26 | IBM | Intl Business Machines CORP | 股票-科技 | 0.81% | -0.23% | +16.79% | |
| 27 | PGR | Progressive CORP | 股票-金融 | 0.76% | -0.44% | +10.82% | |
| 28 | NFLX | Netflix Inc | 股票-通訊服務 | 0.70% | -0.12% | -37.00% | |
| 29 | MU | Micron Technology Inc | 股票-科技 | 0.70% | +1.51% | -1.14% | |
| 30 | GE | General Electric | 股票-工業 | 0.68% | +1.18% | +64.67% | |
| 31 | VZ | Verizon Communications Inc | 股票-通訊服務 | 0.62% | -0.62% | EXIT | |
| 32 | ECL | Ecolab Inc | 股票-原物料 | 0.61% | +0.11% | +120.65% | |
| 33 | C | Citigroup Inc | 股票-金融 | 0.59% | +0.20% | +92.77% | |
| 34 | PH | Parker Hannifin CORP | 股票-工業 | 0.59% | +0.08% | +32.20% | |
| 35 | AXP | American Express Co | 股票-金融 | 0.58% | -0.01% | +23.37% | |
| 36 | BAC | Bank Of America CORP | 股票-金融 | 0.55% | +0.07% | +81.59% | |
| 37 | CMI | Cummins Inc | 股票-工業 | 0.55% | +0.22% | +10.35% | |
| 38 | CSCO | Cisco Systems Inc | 股票-科技 | 0.55% | +0.40% | +62.96% | |
| 39 | WFC | Wells Fargo & Co | 股票-金融 | 0.55% | -0.15% | +7.31% | |
| 40 | NTES | Netease Inc-adr | 股票-通訊服務 | 0.54% | -0.54% | EXIT | |
| 41 | DIS | Walt Disney Co/the | 股票-通訊服務 | 0.54% | — | +34.41% | |
| 42 | TT | Trane Technologies plc | 股票-工業 | 0.53% | -0.53% | EXIT | |
| 43 | ITW | Illinois Tool Works | 股票-工業 | 0.53% | +0.04% | +158.46% | |
| 44 | ROST | Ross Stores Inc | 股票-循環性消費 | 0.52% | — | +59.34% | |
| 45 | CRM | Salesforce Inc | 股票-科技 | 0.51% | -0.02% | +18.94% | |
| 46 | MELI | Mercadolibre Inc | 股票-循環性消費 | 0.50% | +0.08% | +65.26% | |
| 47 | TD | Toronto-dominion Bank | 股票-金融 | 0.50% | -0.50% | EXIT | |
| 48 | ACN | Accenture plc | 股票-科技 | 0.49% | -0.49% | EXIT | |
| 49 | QCOM | Qualcomm Inc | 股票-科技 | 0.49% | +0.02% | -2.90% | |
| 50 | ETN | Eaton Corporation plc | 股票-工業 | 0.49% | -0.49% | EXIT |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | ABBV | Abbvie Inc | +0.8% | +193.48% | 加碼 |
| 2 | AMAT | Applied Materials Inc | +0.7% | +17.93% | 加碼 |
| 3 | LRCX | Lam Research CORP | +0.5% | +1.98% | 加碼 |
| 4 | ECL | Ecolab Inc | +0.4% | +120.65% | 加碼 |
| 5 | ITW | Illinois Tool Works | +0.4% | +158.46% | 加碼 |
| 6 | EXC | Exelon CORP | +0.3% | +206.48% | 加碼 |
| 7 | C | Citigroup Inc | +0.3% | +92.77% | 加碼 |
| 8 | FDX | Fedex CORP | +0.3% | +105.84% | 加碼 |
| 9 | TD | Toronto-dominion Bank | +0.3% | +113.09% | 加碼 |
| 10 | JNJ | Johnson & Johnson | +0.3% | +15.76% | 加碼 |
| 11 | KO | Coca-cola Co/the | +0.3% | +21.86% | 加碼 |
| 12 | ROST | Ross Stores Inc | +0.3% | +59.34% | 加碼 |
| 13 | VZ | Verizon Communications Inc | +0.3% | +34.06% | 加碼 |
| 14 | GOOG | Alphabet Inc-cl C | +0.3% | +29.41% | 加碼 |
| 15 | GE | General Electric | +0.3% | +64.67% | 加碼 |
| 16 | T | At&t Inc | +0.2% | +92.81% | 加碼 |
| 17 | BMY | Bristol-myers Squibb Co | +0.2% | +100.16% | 加碼 |
| 18 | CTVA | Corteva Inc | +0.2% | +51.98% | 加碼 |
| 19 | CSCO | Cisco Systems Inc | +0.2% | +62.96% | 加碼 |
| 20 | BAC | Bank Of America CORP | +0.2% | +81.59% | 加碼 |
| 21 | PFE | Pfizer Inc | +0.2% | +138.14% | 加碼 |
| 22 | EIX | Edison International | +0.2% | +74.63% | 加碼 |
| 23 | CM | Can Imperial Bk Of Commerce | +0.2% | +88.97% | 加碼 |
| 24 | ACN | Accenture plc | +0.2% | +118.43% | 加碼 |
| 25 | CNI | Canadian Natl Railway Co | +0.2% | +93.32% | 加碼 |
| 26 | GEV | GE Vernova Inc | +0.2% | +29.59% | 加碼 |
| 27 | APD | Air Products & Chemicals Inc | +0.2% | +36.32% | 加碼 |
| 28 | SYK | Stryker CORP | +0.2% | +92.26% | 加碼 |
| 29 | EQIX | Equinix Inc | +0.2% | +31.35% | 加碼 |
| 30 | STLD | Steel Dynamics Inc | +0.2% | +46.93% | 加碼 |
| 31 | PH | Parker Hannifin CORP | +0.2% | +32.20% | 加碼 |
| 32 | MRK | Merck & Co. Inc. | +0.2% | -4.04% | 減碼 |
| 33 | DE | Deere & Co | +0.2% | +47.30% | 加碼 |
| 34 | MMM | 3m Co | +0.2% | +118.33% | 加碼 |
| 35 | UNP | Union Pacific CORP | +0.2% | +38.90% | 加碼 |
| 36 | MCD | Mcdonald's CORP | +0.2% | +80.18% | 加碼 |
| 37 | MELI | Mercadolibre Inc | +0.2% | +65.26% | 加碼 |
| 38 | EME | Emcor Group Inc | +0.2% | -0.66% | 減碼 |
| 39 | TJX | Tjx Companies Inc | +0.2% | +7.75% | 加碼 |
| 40 | TGT | Target CORP | +0.2% | +688.18% | 加碼 |
| 41 | ETN | Eaton Corporation plc | +0.2% | +22.72% | 加碼 |
| 42 | WM | Waste Management Inc | +0.1% | +82.97% | 加碼 |
| 43 | CB | Chubb Limited | +0.1% | +81.03% | 加碼 |
| 44 | NEM | Newmont CORP | +0.1% | -0.98% | 減碼 |
| 45 | GLW | Corning Inc | +0.1% | +10.05% | 加碼 |
| 46 | HLT | Hilton Worldwide Holdings In | +0.1% | +29.41% | 加碼 |
| 47 | JNJ | Johnson & Johnson | +0.1% | +31.48% | 加碼 |
| 48 | MU | Micron Technology Inc | +0.1% | -1.14% | 減碼 |
| 49 | CVNA | Carvana Co | +0.1% | +268.42% | 加碼 |
| 50 | CEG | Constellation Energy | +0.1% | +114.38% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，PBU - The Pension Fund of Early Childhood & Youth Educators 在 Q1 2026 季度的美股持倉總市值約為 US$44.2億，共申報了 190 個公開持股部位。
在 Q1 2026 季度，PBU - The Pension Fund of Early Childhood & Youth Educators 按市值排列的前三大核心持股分別為：NVDA (6.5%)、AAPL (5.6%)、MSFT (4.2%)。其中最大持股部位 NVDA 佔據整體投資組合約 6.5% 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
WAT
市值: US$1687.0萬
本季最大獲利了結 / 清倉標的
TTE
前期市值: US$7457.0萬
在 Q1 2026 季度中，PBU - The Pension Fund of Early Childhood & Youth Educators 共進行了 197 項持倉異動，包含新建倉 12 個部位、加碼 111 個部位、減碼 47 個部位以及清倉 27 個部位。 其中最大新建倉標的為 WAT。 本季清倉部位包含 TTE。
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。