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: 0001907803
申報總市值
US$6.0億
US$6.0億
74 檔
14.4%
在 Q1 2025 的 13F 官方備案中，Phraction Management LLC 管理的美股投資組合規模來到 US$6.0億，整體持股檔數為 74 檔。
Q1 2025 數據顯示 Phraction Management LLC 積極進場，新開立 6 個部位並同步加碼 23 檔個股，反映機構在該季度的資金注入與籌碼積累。
從部位權重觀察，前 5 大標的（包含 AMZN, MSFT, TMO）累計市值佔比達 14.4%，是驅動 Phraction Management LLC 該季度整體投資組合績效表現的核心支柱。
| # | 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 | AMZN | Amazon.com Inc | 股票-循環性消費 | 7.49% | -0.38% | +2.98% | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 6.91% | -0.90% | +9.03% | |
| 3 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 5.03% | -0.39% | +7.24% | |
| 4 | HON | Honeywell International Inc | 股票-工業 | 4.72% | -2.86% | EXIT | |
| 5 | BAC 7.25 PERP L債券 | Bank Of America CORP | 債券 | 4.64% | -0.46% | — | |
| 6 | ADI | Analog Devices Inc | 股票-科技 | 4.62% | -1.88% | +1.89% | |
| 7 | RTX | Rtx CORP | 股票-工業 | 4.19% | -0.67% | -6.07% | |
| 8 | PM | Philip Morris International | 股票-非循環性消費 | 3.89% | -0.14% | — | |
| 9 | BDX | Becton Dickinson And Co | 股票-醫療保健 | 3.80% | -0.33% | +5.20% | |
| 10 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 3.76% | -0.23% | -30.93% | |
| 11 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 3.75% | -0.70% | +5.34% | |
| 12 | SPGI | S&p Global Inc | 股票-金融 | 3.72% | -0.83% | +0.06% | |
| 13 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 2.75% | -0.78% | — | |
| 14 | DHR | Danaher CORP | 股票-醫療保健 | 2.67% | -0.93% | +4.96% | |
| 15 | BAC | Bank Of America CORP | 股票-金融 | 2.59% | -0.23% | -7.50% | |
| 16 | ICE | Intercontinental Exchange In | 股票-金融 | 2.52% | -0.45% | — | |
| 17 | V | Visa Inc-class A Shares | 股票-金融 | 2.39% | -0.13% | -8.67% | |
| 18 | WMB | Williams Cos Inc | 股票-能源 | 2.29% | -0.32% | — | |
| 19 | TXN | Texas Instruments Inc | 股票-科技 | 2.16% | +0.04% | +2.68% | |
| 20 | AKX | Ansys Inc | 股票-其他 | 2.10% | — | +289.42% | |
| 21 | ENTG | Entegris Inc | 股票-科技 | 2.01% | +0.32% | +401.27% | |
| 22 | TDY | Teledyne Technologies Inc | 股票-科技 | 1.91% | -0.16% | — | |
| 23 | WFC 7.5 PERP L債券 | Wells Fargo & Company | 債券 | 1.89% | -0.27% | -0.17% | |
| 24 | PHYS | Sprott Physical Gold Trust | 股票-其他 | 1.58% | -0.49% | -2.25% | |
| 25 | ADSK | Autodesk Inc | 股票-科技 | 1.50% | — | +0.10% | |
| 26 | AMAT | Applied Materials Inc | 股票-科技 | 1.45% | +1.08% | +30.48% | |
| 27 | FERG | Ferguson Enterprises Inc | 股票-工業 | 1.32% | -0.16% | — | |
| 28 | LIN | Linde plc | 股票-原物料 | 1.01% | -0.38% | — | |
| 29 | ASML | ASML Holding N.V. | 股票-科技 | 0.82% | +0.58% | +140.58% | |
| 30 | 6D8 | Dupont De Nemours Inc | 股票-其他 | 0.66% | — | +9.02% | |
| 31 | PEP | Pepsico Inc | 股票-非循環性消費 | 0.61% | -0.14% | +175.80% | |
| 32 | UNP | Union Pacific CORP | 股票-工業 | 0.58% | — | — | |
| 33 | LRCX | Lam Research CORP | 股票-科技 | 0.55% | +0.18% | +69.40% | |
| 34 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.46% | +0.75% | +2.43% | |
| 35 | NOC | Northrop Grumman CORP | 股票-工業 | 0.46% | -0.03% | — | |
| 36 | EL | Estee Lauder Companies-cl A | 股票-非循環性消費 | 0.44% | — | +16.32% | |
| 37 | IBIT | Ishares Bitcoin Trust ETF | ETF-加密貨幣 | 0.44% | -0.18% | +8.11% | |
| 38 | VEU | Vanguard Ftse All-world Ex-u | ETF-其他 | 0.43% | -0.02% | — | |
| 39 | CSGP | Costar Group Inc | 股票-房地產 | 0.40% | — | +46.97% | |
| 40 | CP | Canadian Pacific Kansas City | 股票-工業 | 0.37% | — | +18.04% | |
| 41 | MOAT | Vaneck Morningstar Wide Moat | ETF-其他 | 0.30% | -0.02% | — | |
| 42 | ADBE | Adobe Inc | 股票-科技 | 0.28% | — | +42.82% | |
| 43 | SPGP | Invesco S&p 500 Garp ETF | ETF-大型股與成長 | 0.26% | -0.01% | — | |
| 44 | AAPL | Apple Inc | 股票-科技 | 0.26% | -0.01% | — | |
| 45 | UL | Unilever PLC | 股票-非循環性消費 | 0.24% | — | — | |
| 46 | RSP | Invesco S&p 500 Equal Weight | ETF-大型股與成長 | 0.23% | -0.03% | — | |
| 47 | IHI | Ishares U.s. Medical Devices | ETF-其他 | 0.20% | -0.03% | — | |
| 48 | HD | Home Depot Inc | 股票-循環性消費 | 0.19% | -0.01% | -3.09% | |
| 49 | ROP | Roper Technologies Inc | 股票-科技 | 0.18% | — | — | |
| 50 | SYK | Stryker CORP | 股票-醫療保健 | 0.18% | — | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | ENTG | Entegris Inc | +1.5% | +401.27% | 加碼 |
| 2 | AKX | Ansys Inc | +1.5% | +289.42% | 加碼 |
| 3 | FERG | Ferguson Enterprises Inc | +1.3% | NEW | 新建倉 |
| 4 | PM | Philip Morris International | +0.8% | — | 不變 |
| 5 | ASML | ASML Holding N.V. | +0.5% | +140.58% | 加碼 |
| 6 | PEP | Pepsico Inc | +0.4% | +175.80% | 加碼 |
| 7 | ICE | Intercontinental Exchange In | +0.2% | — | 不變 |
| 8 | LRCX | Lam Research CORP | +0.2% | +69.40% | 加碼 |
| 9 | ROP | Roper Technologies Inc | +0.2% | NEW | 新建倉 |
| 10 | PHYS | Sprott Physical Gold Trust | +0.2% | -2.25% | 減碼 |
| 11 | AMAT | Applied Materials Inc | +0.2% | +30.48% | 加碼 |
| 12 | CSGP | Costar Group Inc | +0.1% | +46.97% | 加碼 |
| 13 | WMB | Williams Cos Inc | +0.1% | — | 不變 |
| 14 | RTX | Rtx CORP | +0.1% | -6.07% | 減碼 |
| 15 | AME | Ametek Inc | +0.1% | NEW | 新建倉 |
| 16 | BWXT | Bwx Technologies Inc | +0.1% | NEW | 新建倉 |
| 17 | ORCL | Oracle CORP | +0.1% | NEW | 新建倉 |
| 18 | BDX | Becton Dickinson And Co | +0.1% | +5.20% | 加碼 |
| 19 | LIN | Linde plc | +0.1% | — | 不變 |
| 20 | ✓ | Marketwise Inc | +0.1% | NEW | 新建倉 |
| 21 | TDY | Teledyne Technologies Inc | 0% | — | 不變 |
| 22 | ADBE | Adobe Inc | 0% | +42.82% | 加碼 |
| 23 | GDX | Vaneck Gold Miners ETF | 0% | — | 不變 |
| 24 | CP | Canadian Pacific Kansas City | 0% | +18.04% | 加碼 |
| 25 | NVDA | Nvidia CORP | 0% | +58.86% | 加碼 |
| 26 | NOC | Northrop Grumman CORP | 0% | — | 不變 |
| 27 | TPL | Texas Pacific Land CORP | 0% | — | 不變 |
| 28 | MARA | Mara Holdings Inc | 0% | +92.31% | 加碼 |
| 29 | 6D8 | Dupont De Nemours Inc | 0% | +9.02% | 加碼 |
| 30 | AAPL | Apple Inc | -0.1% | — | 不變 |
| 31 | SPY | Ss Spdr S&p 500 ETF Trust-us | -0.1% | EXIT | 清倉 |
| 32 | AVGO | Broadcom Inc | -0.1% | EXIT | 清倉 |
| 33 | DIS | Walt Disney Co/the | -0.1% | EXIT | 清倉 |
| 34 | V | Visa Inc-class A Shares | -0.1% | -8.67% | 減碼 |
| 35 | SPGI | S&p Global Inc | -0.1% | +0.06% | 加碼 |
| 36 | TMO | Thermo Fisher Scientific Inc | -0.1% | +7.24% | 加碼 |
| 37 | GFL | Gfl Environmental Inc-sub Vt | -0.1% | -43.49% | 減碼 |
| 38 | TXN | Texas Instruments Inc | -0.1% | +2.68% | 加碼 |
| 39 | BAC 7.25 PERP L債券 | Bank Of America CORP | -0.2% | — | 不變 |
| 40 | ADSK | Autodesk Inc | -0.3% | +0.10% | 加碼 |
| 41 | DEO | Diageo Plc-sponsored Adr | -0.3% | -56.56% | 減碼 |
| 42 | DHR | Danaher CORP | -0.3% | +4.96% | 加碼 |
| 43 | ADI | Analog Devices Inc | -0.4% | +1.89% | 加碼 |
| 44 | HON | Honeywell International Inc | -0.5% | +1.60% | 加碼 |
| 45 | BAC | Bank Of America CORP | -0.5% | -7.50% | 減碼 |
| 46 | MSFT | Microsoft CORP | -0.5% | +9.03% | 加碼 |
| 47 | GOOG | Alphabet Inc-cl C | -0.8% | — | 不變 |
| 48 | GOOGL | Alphabet Inc-cl A | -0.8% | +5.34% | 加碼 |
| 49 | BRK-B | Berkshire Hathaway Inc-cl B | -1.1% | -30.93% | 減碼 |
| 50 | AMZN | Amazon.com Inc | -1.3% | +2.98% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Phraction Management LLC 在 Q1 2025 季度的美股持倉總市值約為 US$6.0億，共申報了 74 個公開持股部位。
在 Q1 2025 季度，Phraction Management LLC 按市值排列的前三大核心持股分別為：AMZN (7.5%)、MSFT (6.9%)、TMO (5.0%)。其中最大持股部位 AMZN 佔據整體投資組合約 7.5% 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
FERG
市值: US$394.9萬
本季最大獲利了結 / 清倉標的
AVGO
前期市值: US$23.2萬
在 Q1 2025 季度中，Phraction Management LLC 共進行了 39 項持倉異動，包含新建倉 6 個部位、加碼 23 個部位、減碼 7 個部位以及清倉 3 個部位。 其中最大新建倉標的為 FERG。 本季清倉部位包含 AVGO。
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。