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: 0001006435
申報總市值
US$4.4億
US$4.4億
78 檔
31.0%
在 Q3 2025 申報期間，Pioneer Trust Bank N A/or（CIK: 0001006435）向美國 SEC 提交的 Form 13F 報告顯示，其追蹤之股票投資組合總市值達 US$4.4億，共持有 78 個公開申報部位。
從 Q3 2025 申報觀察，Pioneer Trust Bank N A/or 採取防禦導向的調倉策略，本季減碼 23 檔個股並出清 5 檔部位，顯示機構在該時期進行風險控制與流動性回收。
從部位權重觀察，前 5 大標的（包含 MSFT, AAPL, BRK-B）累計市值佔比達 31.0%，是驅動 Pioneer Trust Bank N A/or 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 | MSFT | Microsoft CORP | 股票-科技 | 8.29% | -0.38% | -0.26% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 7.28% | +0.39% | +2.61% | |
| 3 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 5.97% | -0.13% | +1.27% | |
| 4 | ORCL | Oracle CORP | 股票-科技 | 5.31% | -0.23% | +0.22% | |
| 5 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 5.20% | +0.12% | -3.17% | |
| 6 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 5.13% | +0.23% | +2.08% | |
| 7 | VMI | Valmont Industries | 股票-工業 | 4.31% | +1.29% | -5.95% | |
| 8 | JPM | Jpmorgan Chase & Co | 股票-金融 | 3.39% | +0.12% | -1.95% | |
| 9 | AMZN | Amazon.com Inc | 股票-循環性消費 | 3.17% | +0.19% | +2.07% | |
| 10 | NVDA | Nvidia CORP | 股票-科技 | 2.95% | +0.24% | +30.39% | |
| 11 | BLK | Blackrock Inc | 股票-金融 | 2.60% | -0.14% | -2.41% | |
| 12 | ACN | Accenture plc | 股票-科技 | 2.45% | -0.84% | +4.66% | |
| 13 | V | Visa Inc-class A Shares | 股票-金融 | 2.26% | +0.12% | +1.78% | |
| 14 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 2.05% | +0.60% | -11.34% | |
| 15 | CSCO | Cisco Systems Inc | 股票-科技 | 1.99% | +1.04% | +1.50% | |
| 16 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.85% | +0.44% | -7.05% | |
| 17 | ABT | Abbott Laboratories | 股票-醫療保健 | 1.85% | -0.25% | +1.18% | |
| 18 | ITW | Illinois Tool Works | 股票-工業 | 1.78% | -0.05% | +0.66% | |
| 19 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.78% | -0.06% | +0.75% | |
| 20 | PEP | Pepsico Inc | 股票-非循環性消費 | 1.76% | -0.37% | +2.50% | |
| 21 | CVX | Chevron CORP | 股票-能源 | 1.65% | -0.60% | +0.75% | |
| 22 | LOW | Lowe's Cos Inc | 股票-循環性消費 | 1.62% | -0.18% | +1.16% | |
| 23 | RTX | Rtx CORP | 股票-工業 | 1.61% | +0.07% | -2.01% | |
| 24 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 1.59% | -0.08% | +2.73% | |
| 25 | NEE | Nextera Energy Inc | 股票-公用事業 | 1.58% | -0.23% | +2.00% | |
| 26 | XOM | Exxon Mobil CORP | 股票-能源 | 1.51% | -0.58% | +3.53% | |
| 27 | DIS | Walt Disney Co/the | 股票-通訊服務 | 1.51% | -0.09% | +1.42% | |
| 28 | TJX | Tjx Companies Inc | 股票-循環性消費 | 1.46% | -0.13% | -1.35% | |
| 29 | HON | Honeywell International Inc | 股票-工業 | 1.44% | -1.58% | EXIT | |
| 30 | CRM | Salesforce Inc | 股票-科技 | 1.39% | -0.23% | +2.31% | |
| 31 | DHR | Danaher CORP | 股票-醫療保健 | 1.38% | -0.10% | +0.95% | |
| 32 | MCD | Mcdonald's CORP | 股票-循環性消費 | 1.22% | -0.24% | +1.54% | |
| 33 | ADBE | Adobe Inc | 股票-科技 | 1.16% | -0.16% | +5.19% | |
| 34 | NKE | Nike Inc -cl B | 股票-循環性消費 | 1.13% | -0.26% | +3.39% | |
| 35 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.09% | +0.14% | +2.68% | |
| 36 | CMCSA | Comcast Corp-class A | 股票-通訊服務 | 0.89% | — | +0.73% | |
| 37 | WMT | Walmart Inc | 股票-非循環性消費 | 0.48% | -0.10% | -1.96% | |
| 38 | ITOT | Ishares Core S&p Total U.s. | ETF-其他 | 0.40% | +0.03% | — | |
| 39 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.37% | -0.05% | — | |
| 40 | AMGN | Amgen Inc | 股票-醫療保健 | 0.34% | -0.01% | +0.99% | |
| 41 | IJH | Ishares Core S&p Midcap ETF | ETF-其他 | 0.29% | +0.02% | — | |
| 42 | USB | US Bancorp | 股票-金融 | 0.25% | +0.02% | +0.90% | |
| 43 | LMT | Lockheed Martin CORP | 股票-工業 | 0.23% | -0.06% | +2.62% | |
| 44 | SBUX | Starbucks CORP | 股票-循環性消費 | 0.23% | -0.01% | +1.10% | |
| 45 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.23% | +0.01% | -1.54% | |
| 46 | AXP | American Express Co | 股票-金融 | 0.20% | +0.01% | — | |
| 47 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.20% | — | +0.37% | |
| 48 | CSX | Csx CORP | 股票-工業 | 0.19% | +0.02% | — | |
| 49 | UNP | Union Pacific CORP | 股票-工業 | 0.18% | +0.01% | — | |
| 50 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 0.17% | +0.02% | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | ORCL | Oracle CORP | +2.3% | +0.22% | 減碼 |
| 2 | NVDA | Nvidia CORP | +1.6% | +30.39% | 加碼 |
| 3 | MSFT | Microsoft CORP | +1.4% | -0.26% | 減碼 |
| 4 | GOOG | Alphabet Inc-cl C | +1.4% | -3.17% | 減碼 |
| 5 | AAPL | Apple Inc | +0.4% | +2.61% | 加碼 |
| 6 | VMI | Valmont Industries | +0.3% | -5.95% | 減碼 |
| 7 | GOOGL | Alphabet Inc-cl A | +0.3% | +2.68% | 加碼 |
| 8 | JPM | Jpmorgan Chase & Co | +0.3% | -1.95% | 減碼 |
| 9 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.2% | +2.08% | 減碼 |
| 10 | AMZN | Amazon.com Inc | +0.2% | +2.07% | 加碼 |
| 11 | BLK | Blackrock Inc | +0.2% | -2.41% | 減碼 |
| 12 | RTX | Rtx CORP | +0.1% | -2.01% | 減碼 |
| 13 | CSCO | Cisco Systems Inc | +0.1% | +1.50% | 加碼 |
| 14 | TJX | Tjx Companies Inc | +0.1% | -1.35% | 減碼 |
| 15 | AVGO | Broadcom Inc | +0.1% | — | 不變 |
| 16 | SCHX | Schwab US Large-cap ETF | 0% | +23.46% | 加碼 |
| 17 | DIS | Walt Disney Co/the | 0% | +1.42% | 減碼 |
| 18 | ITOT | Ishares Core S&p Total U.s. | 0% | — | 不變 |
| 19 | AXP | American Express Co | 0% | — | 不變 |
| 20 | JNJ | Johnson & Johnson | 0% | +0.75% | 加碼 |
| 21 | NEE | Nextera Energy Inc | 0% | +2.00% | 加碼 |
| 22 | WMT | Walmart Inc | 0% | -1.96% | 減碼 |
| 23 | LOW | Lowe's Cos Inc | -0.1% | +1.16% | 加碼 |
| 24 | NKE | Nike Inc -cl B | -0.1% | +3.39% | 減碼 |
| 25 | AMGN | Amgen Inc | -0.1% | +0.99% | 加碼 |
| 26 | COST | Costco Wholesale CORP | -0.2% | — | 減碼 |
| 27 | ABT | Abbott Laboratories | -0.2% | +1.18% | 加碼 |
| 28 | ITW | Illinois Tool Works | -0.2% | +0.66% | 減碼 |
| 29 | ADBE | Adobe Inc | -0.2% | +5.19% | 加碼 |
| 30 | PEP | Pepsico Inc | -0.3% | +2.50% | 加碼 |
| 31 | CMCSA | Comcast Corp-class A | -0.3% | +0.73% | 減碼 |
| 32 | DHR | Danaher CORP | -0.3% | +0.95% | 減碼 |
| 33 | CRM | Salesforce Inc | -0.3% | +2.31% | 加碼 |
| 34 | XOM | Exxon Mobil CORP | -0.3% | +3.53% | 減碼 |
| 35 | V | Visa Inc-class A Shares | -0.4% | +1.78% | 減碼 |
| 36 | LLY | Eli Lilly & Co | -0.5% | -7.05% | 減碼 |
| 37 | CVX | Chevron CORP | -0.6% | +0.75% | 減碼 |
| 38 | PG | Procter & Gamble Co/the | -0.6% | +2.73% | 減碼 |
| 39 | ACN | Accenture plc | -0.9% | +4.66% | 加碼 |
| 40 | BRK-B | Berkshire Hathaway Inc-cl B | -1.2% | +1.27% | 減碼 |
| 41 | UNH | Unitedhealth Group Inc | -1.7% | -11.34% | 減碼 |
| 42 | PFE | Pfizer Inc | — | EXIT | 清倉 |
| 43 | WMB | Williams Cos Inc | — | EXIT | 清倉 |
| 44 | SYK | Stryker CORP | — | EXIT | 清倉 |
| 45 | SCHI | Schwab 5-10 Year Corporate B | — | NEW | 新建倉 |
| 46 | SCHA | Schwab US Small-cap ETF | — | EXIT | 清倉 |
| 47 | PNC | Pnc Financial Services Group | — | NEW | 新建倉 |
| 48 | META | Meta Platforms Inc-class A | — | NEW | 新建倉 |
| 49 | PM | Philip Morris International | — | NEW | 新建倉 |
| 50 | CSL | Carlisle Cos Inc | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Pioneer Trust Bank N A/or 在 Q3 2025 季度的美股持倉總市值約為 US$4.4億，共申報了 78 個公開持股部位。
在 Q3 2025 季度，Pioneer Trust Bank N A/or 按市值排列的前三大核心持股分別為：MSFT (8.3%)、AAPL (7.3%)、BRK-B (6.0%)。其中最大持股部位 MSFT 佔據整體投資組合約 8.3% 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
SCHI
市值: US$27.4萬
本季最大獲利了結 / 清倉標的
PFE
前期市值: US$31.8萬
在 Q3 2025 季度中，Pioneer Trust Bank N A/or 共進行了 47 項持倉異動，包含新建倉 4 個部位、加碼 15 個部位、減碼 23 個部位以及清倉 5 個部位。 其中最大新建倉標的為 SCHI。 本季清倉部位包含 PFE。
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。