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: 0001904893
申報總市值
US$153.6億
US$153.6億
45 檔
34.2%
Q1 2025 季度申報顯示，PineStone Asset Management Inc. 揭露的美股組合總市值為 US$153.6億，涵蓋 45 個不同之權益投資部位。
觀察 Q1 2025 的申報異動，PineStone Asset Management Inc. 採取了強勁的買進策略，建倉與加碼動作（合計 34 筆）涵蓋多個核心板塊，展現機構對特定產業前景之樂觀態度。
檢視投資組合結構，前 5 大主力部位（包含 TSM, MSFT, AZO）占據了總市值的 34.2%，展現出該機構在 Q1 2025 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 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 8.50% | -0.87% | +46.18% | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 8.30% | +2.18% | +30.66% | |
| 3 | AZO | Autozone Inc | 股票-循環性消費 | 7.81% | -0.45% | +27.00% | |
| 4 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 7.63% | -0.53% | +32.62% | |
| 5 | MCO | Moody's CORP | 股票-金融 | 7.37% | +0.17% | +36.31% | |
| 6 | MA | Mastercard Inc - A | 股票-金融 | 6.15% | +0.61% | +25.18% | |
| 7 | CME | Cme Group Inc | 股票-金融 | 4.74% | +0.74% | +41.99% | |
| 8 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 4.44% | -0.09% | +29.70% | |
| 9 | TJX | Tjx Companies Inc | 股票-循環性消費 | 4.16% | -0.36% | +33.73% | |
| 10 | SHW | Sherwin-williams Co/the | 股票-原物料 | 3.96% | -0.12% | +33.38% | |
| 11 | MSCI | Msci Inc | 股票-金融 | 3.40% | -0.13% | +39.74% | |
| 12 | OTIS | Otis Worldwide CORP | 股票-工業 | 3.19% | -0.21% | +36.39% | |
| 13 | ORCL | Oracle CORP | 股票-科技 | 2.98% | — | +8.95% | |
| 14 | PEP | Pepsico Inc | 股票-非循環性消費 | 2.75% | -0.09% | +9.22% | |
| 15 | JNJ | Johnson & Johnson | 股票-醫療保健 | 2.58% | +0.10% | +5.35% | |
| 16 | SPGI | S&p Global Inc | 股票-金融 | 2.39% | -0.03% | +48.88% | |
| 17 | GGG | Graco Inc | 股票-工業 | 2.26% | +0.05% | +23.40% | |
| 18 | CARR | Carrier Global CORP | 股票-工業 | 2.25% | -0.68% | +11.71% | |
| 19 | MTD | Mettler-toledo International | 股票-醫療保健 | 2.10% | +0.55% | +39.07% | |
| 20 | HDB | Hdfc Bank Ltd-adr | 股票-金融 | 1.99% | +0.01% | +22.37% | |
| 21 | CPRT | Copart Inc | 股票-工業 | 1.75% | -0.31% | +158.45% | |
| 22 | LOW | Lowe's Cos Inc | 股票-循環性消費 | 1.62% | -0.68% | +12.07% | |
| 23 | FDS | Factset Research Systems Inc | 股票-金融 | 1.20% | — | +19.27% | |
| 24 | ADI | Analog Devices Inc | 股票-科技 | 1.16% | +0.10% | +10.09% | |
| 25 | HLT | Hilton Worldwide Holdings In | 股票-循環性消費 | 1.04% | -0.09% | +14.78% | |
| 26 | ADBE | Adobe Inc | 股票-科技 | 0.84% | — | +3.40% | |
| 27 | CL | Colgate-palmolive Co | 股票-非循環性消費 | 0.82% | -0.07% | +8.03% | |
| 28 | BDX | Becton Dickinson And Co | 股票-醫療保健 | 0.70% | — | -51.09% | |
| 29 | NKE | Nike Inc -cl B | 股票-循環性消費 | 0.69% | — | +10.32% | |
| 30 | WH | Wyndham Hotels & Resorts Inc | 股票-循環性消費 | 0.14% | — | EXIT | |
| 31 | FSS | Federal Signal CORP | 股票-工業 | 0.10% | — | — | |
| 32 | IPAR | Interparfums Inc | 股票-其他 | 0.09% | — | — | |
| 33 | DCI | Donaldson Co Inc | 股票-工業 | 0.09% | — | -10.96% | |
| 34 | TREX | Trex Company Inc | 股票-工業 | 0.09% | — | +22.88% | |
| 35 | HLI | Houlihan Lokey Inc | 股票-金融 | 0.08% | — | +13.77% | |
| 36 | JBTM | Jbt Marel CORP | 股票-工業 | 0.08% | — | — | |
| 37 | MEDP | Medpace Holdings Inc | 股票-醫療保健 | 0.08% | — | — | |
| 38 | WDFC | Wd-40 Co | 股票-原物料 | 0.07% | -0.01% | — | |
| 39 | BRKR | Bruker CORP | 股票-醫療保健 | 0.07% | — | +7.22% | |
| 40 | SSD | Simpson Manufacturing Co Inc | 股票-原物料 | 0.07% | — | -13.98% | |
| 41 | EXPO | Exponent Inc | 股票-工業 | 0.07% | — | +17.07% | |
| 42 | FND | Floor & Decor Holdings Inc-a | 股票-循環性消費 | 0.07% | -0.01% | EXIT | |
| 43 | JKHY | Jack Henry & Associates Inc | 股票-科技 | 0.06% | — | — | |
| 44 | POWI | Power Integrations Inc | 股票-科技 | 0.03% | — | — | |
| 45 | MIDD | Middleby CORP | 股票-工業 | 0.03% | — | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | AZO | Autozone Inc | +1.4% | +27.00% | 加碼 |
| 2 | CME | Cme Group Inc | +1.1% | +41.99% | 加碼 |
| 3 | CPRT | Copart Inc | +0.9% | +158.45% | 加碼 |
| 4 | OTIS | Otis Worldwide CORP | +0.6% | +36.39% | 加碼 |
| 5 | MCO | Moody's CORP | +0.6% | +36.31% | 加碼 |
| 6 | SPGI | S&p Global Inc | +0.4% | +48.88% | 加碼 |
| 7 | SHW | Sherwin-williams Co/the | +0.4% | +33.38% | 加碼 |
| 8 | UNH | Unitedhealth Group Inc | +0.3% | +29.70% | 加碼 |
| 9 | TJX | Tjx Companies Inc | +0.3% | +33.73% | 加碼 |
| 10 | MA | Mastercard Inc - A | +0.3% | +25.18% | 加碼 |
| 11 | MSCI | Msci Inc | +0.2% | +39.74% | 加碼 |
| 12 | MTD | Mettler-toledo International | +0.2% | +39.07% | 加碼 |
| 13 | JKHY | Jack Henry & Associates Inc | +0.1% | NEW | 新建倉 |
| 14 | HDB | Hdfc Bank Ltd-adr | +0.1% | +22.37% | 加碼 |
| 15 | MIDD | Middleby CORP | — | — | 不變 |
| 16 | GOOG | Alphabet Inc-cl C | 0% | EXIT | 清倉 |
| 17 | EXPO | Exponent Inc | 0% | +17.07% | 加碼 |
| 18 | WDFC | Wd-40 Co | 0% | — | 不變 |
| 19 | POWI | Power Integrations Inc | 0% | — | 不變 |
| 20 | HLI | Houlihan Lokey Inc | 0% | +13.77% | 加碼 |
| 21 | TREX | Trex Company Inc | 0% | +22.88% | 加碼 |
| 22 | GGG | Graco Inc | 0% | +23.40% | 加碼 |
| 23 | DCI | Donaldson Co Inc | 0% | -10.96% | 減碼 |
| 24 | FND | Floor & Decor Holdings Inc-a | 0% | +7.46% | 加碼 |
| 25 | MEDP | Medpace Holdings Inc | 0% | — | 不變 |
| 26 | JBTM | Jbt Marel CORP | 0% | — | 不變 |
| 27 | SSD | Simpson Manufacturing Co Inc | 0% | -13.98% | 減碼 |
| 28 | FSS | Federal Signal CORP | -0.1% | — | 不變 |
| 29 | BRKR | Bruker CORP | -0.1% | +7.22% | 加碼 |
| 30 | IPAR | Interparfums Inc | -0.1% | — | 不變 |
| 31 | JNJ | Johnson & Johnson | -0.1% | +5.35% | 加碼 |
| 32 | TSM | Taiwan Semiconductor-sp Adr | -0.1% | +46.18% | 加碼 |
| 33 | WH | Wyndham Hotels & Resorts Inc | -0.1% | -15.00% | 減碼 |
| 34 | CL | Colgate-palmolive Co | -0.1% | +8.03% | 加碼 |
| 35 | FDS | Factset Research Systems Inc | -0.1% | +19.27% | 加碼 |
| 36 | HLT | Hilton Worldwide Holdings In | -0.2% | +14.78% | 加碼 |
| 37 | ADI | Analog Devices Inc | -0.2% | +10.09% | 加碼 |
| 38 | NKE | Nike Inc -cl B | -0.2% | +10.32% | 加碼 |
| 39 | LOW | Lowe's Cos Inc | -0.3% | +12.07% | 加碼 |
| 40 | ADBE | Adobe Inc | -0.3% | +3.40% | 加碼 |
| 41 | PEP | Pepsico Inc | -0.4% | +9.22% | 加碼 |
| 42 | CARR | Carrier Global CORP | -0.4% | +11.71% | 加碼 |
| 43 | MSFT | Microsoft CORP | -0.6% | +30.66% | 加碼 |
| 44 | BDX | Becton Dickinson And Co | -1.1% | -51.09% | 減碼 |
| 45 | ORCL | Oracle CORP | -1.1% | +8.95% | 加碼 |
| 46 | GOOGL | Alphabet Inc-cl A | -1.1% | +32.62% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，PineStone Asset Management Inc. 在 Q1 2025 季度的美股持倉總市值約為 US$153.6億，共申報了 45 個公開持股部位。
在 Q1 2025 季度，PineStone Asset Management Inc. 按市值排列的前三大核心持股分別為：TSM (8.5%)、MSFT (8.3%)、AZO (7.8%)。其中最大持股部位 TSM 佔據整體投資組合約 8.5% 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
JKHY
市值: US$799.8萬
本季最大獲利了結 / 清倉標的
GOOG
前期市值: US$95.6萬
在 Q1 2025 季度中，PineStone Asset Management Inc. 共進行了 39 項持倉異動，包含新建倉 1 個部位、加碼 33 個部位、減碼 4 個部位以及清倉 1 個部位。 其中最大新建倉標的為 JKHY。 本季清倉部位包含 GOOG。
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。