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
76 檔
31.5%
根據最新整理的 13F 季度數據集，Pioneer Trust Bank N A/or 於 Q4 2025 結束時的管理資產規模為 US$4.4億。該機構在本季度申報了 76 檔美股持倉，呈現出該時期的主要投資地圖。
Pioneer Trust Bank N A/or 在 Q4 2025 的調整主要集中於風險出清，清倉與減碼部位合計達 34 檔，反映機構對當前市場環境或個別公司估值採取較為保留之看法。
整體而言，Pioneer Trust Bank N A/or 的前 5 大持股（包含 MSFT, AAPL, GOOG）貢獻了組合市值的 31.5%，形成該機構在 Q4 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 | MSFT | Microsoft CORP | 股票-科技 | 7.60% | -0.38% | -0.86% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 7.60% | +0.39% | -1.28% | |
| 3 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 5.99% | +0.12% | -9.75% | |
| 4 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 5.90% | -0.13% | -0.18% | |
| 5 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 5.09% | +0.23% | -2.17% | |
| 6 | VMI | Valmont Industries | 股票-工業 | 4.24% | +1.29% | -4.27% | |
| 7 | ORCL | Oracle CORP | 股票-科技 | 3.63% | -0.23% | -0.26% | |
| 8 | JPM | Jpmorgan Chase & Co | 股票-金融 | 3.43% | +0.12% | -0.13% | |
| 9 | AMZN | Amazon.com Inc | 股票-循環性消費 | 3.27% | +0.19% | -0.68% | |
| 10 | NVDA | Nvidia CORP | 股票-科技 | 3.01% | +0.24% | +3.06% | |
| 11 | ACN | Accenture plc | 股票-科技 | 2.59% | -0.84% | -1.56% | |
| 12 | LLY | Eli Lilly & Co | 股票-醫療保健 | 2.54% | +0.44% | -1.50% | |
| 13 | BLK | Blackrock Inc | 股票-金融 | 2.36% | -0.14% | -0.10% | |
| 14 | V | Visa Inc-class A Shares | 股票-金融 | 2.30% | +0.12% | — | |
| 15 | CSCO | Cisco Systems Inc | 股票-科技 | 2.27% | +1.04% | +2.40% | |
| 16 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.95% | -0.06% | -1.11% | |
| 17 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 1.91% | +0.60% | -1.74% | |
| 18 | PEP | Pepsico Inc | 股票-非循環性消費 | 1.72% | -0.37% | -3.68% | |
| 19 | ABT | Abbott Laboratories | 股票-醫療保健 | 1.71% | -0.25% | — | |
| 20 | ITW | Illinois Tool Works | 股票-工業 | 1.66% | -0.05% | -0.51% | |
| 21 | NEE | Nextera Energy Inc | 股票-公用事業 | 1.66% | -0.23% | -0.59% | |
| 22 | RTX | Rtx CORP | 股票-工業 | 1.65% | +0.07% | -5.70% | |
| 23 | CVX | Chevron CORP | 股票-能源 | 1.59% | -0.60% | -0.99% | |
| 24 | XOM | Exxon Mobil CORP | 股票-能源 | 1.58% | -0.58% | -1.14% | |
| 25 | DHR | Danaher CORP | 股票-醫療保健 | 1.56% | -0.10% | -0.66% | |
| 26 | LOW | Lowe's Cos Inc | 股票-循環性消費 | 1.54% | -0.18% | -0.09% | |
| 27 | CRM | Salesforce Inc | 股票-科技 | 1.53% | -0.23% | -0.60% | |
| 28 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 1.46% | -0.08% | -0.29% | |
| 29 | DIS | Walt Disney Co/the | 股票-通訊服務 | 1.39% | -0.09% | -6.61% | |
| 30 | TJX | Tjx Companies Inc | 股票-循環性消費 | 1.39% | -0.13% | -9.60% | |
| 31 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.38% | +0.14% | -1.18% | |
| 32 | HON | Honeywell International Inc | 股票-工業 | 1.32% | -1.58% | EXIT | |
| 33 | MCD | Mcdonald's CORP | 股票-循環性消費 | 1.22% | -0.24% | -0.23% | |
| 34 | ADBE | Adobe Inc | 股票-科技 | 1.03% | -0.16% | -10.22% | |
| 35 | NKE | Nike Inc -cl B | 股票-循環性消費 | 0.99% | -0.26% | -2.97% | |
| 36 | T | At&t Inc | 股票-通訊服務 | 0.78% | -0.32% | +1425.41% | |
| 37 | WMT | Walmart Inc | 股票-非循環性消費 | 0.50% | -0.10% | -1.77% | |
| 38 | ETN | Eaton Corporation plc | 股票-工業 | 0.46% | +0.22% | +669.14% | |
| 39 | APH | Amphenol Corp-cl A | 股票-科技 | 0.46% | +0.38% | — | |
| 40 | ITOT | Ishares Core S&p Total U.s. | ETF-其他 | 0.41% | +0.03% | — | |
| 41 | AMGN | Amgen Inc | 股票-醫療保健 | 0.39% | -0.01% | +0.20% | |
| 42 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.34% | -0.05% | — | |
| 43 | IJH | Ishares Core S&p Midcap ETF | ETF-其他 | 0.29% | +0.02% | — | |
| 44 | USB | US Bancorp | 股票-金融 | 0.29% | +0.02% | +3.04% | |
| 45 | SBUX | Starbucks CORP | 股票-循環性消費 | 0.22% | -0.01% | -0.09% | |
| 46 | AXP | American Express Co | 股票-金融 | 0.22% | +0.01% | — | |
| 47 | LMT | Lockheed Martin CORP | 股票-工業 | 0.22% | -0.06% | +1.02% | |
| 48 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.22% | +0.01% | -0.77% | |
| 49 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.21% | — | -2.20% | |
| 50 | CSX | Csx CORP | 股票-工業 | 0.20% | +0.02% | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | GOOG | Alphabet Inc-cl C | +0.8% | -9.75% | 減碼 |
| 2 | T | At&t Inc | +0.7% | +1425.41% | 加碼 |
| 3 | LLY | Eli Lilly & Co | +0.7% | -1.50% | 減碼 |
| 4 | ETN | Eaton Corporation plc | +0.4% | +669.14% | 加碼 |
| 5 | AAPL | Apple Inc | +0.3% | -1.28% | 減碼 |
| 6 | GOOGL | Alphabet Inc-cl A | +0.3% | -1.18% | 減碼 |
| 7 | CSCO | Cisco Systems Inc | +0.3% | +2.40% | 加碼 |
| 8 | DHR | Danaher CORP | +0.2% | -0.66% | 減碼 |
| 9 | JNJ | Johnson & Johnson | +0.2% | -1.11% | 減碼 |
| 10 | ACN | Accenture plc | +0.1% | -1.56% | 減碼 |
| 11 | CRM | Salesforce Inc | +0.1% | -0.60% | 減碼 |
| 12 | AMZN | Amazon.com Inc | +0.1% | -0.68% | 減碼 |
| 13 | NEE | Nextera Energy Inc | +0.1% | -0.59% | 減碼 |
| 14 | XOM | Exxon Mobil CORP | +0.1% | -1.14% | 減碼 |
| 15 | NVDA | Nvidia CORP | +0.1% | +3.06% | 加碼 |
| 16 | AMGN | Amgen Inc | +0.1% | +0.20% | 加碼 |
| 17 | JPM | Jpmorgan Chase & Co | 0% | -0.13% | 減碼 |
| 18 | V | Visa Inc-class A Shares | 0% | — | 不變 |
| 19 | RTX | Rtx CORP | 0% | -5.70% | 減碼 |
| 20 | USB | US Bancorp | 0% | +3.04% | 加碼 |
| 21 | MRK | Merck & Co. Inc. | 0% | — | 不變 |
| 22 | WMT | Walmart Inc | 0% | -1.77% | 減碼 |
| 23 | AXP | American Express Co | 0% | — | 不變 |
| 24 | CAT | Caterpillar Inc | 0% | — | 不變 |
| 25 | WFC | Wells Fargo & Co | 0% | — | 不變 |
| 26 | LIN | Linde plc | 0% | -1.45% | 減碼 |
| 27 | HD | Home Depot Inc | 0% | — | 不變 |
| 28 | TT | Trane Technologies plc | 0% | — | 不變 |
| 29 | COST | Costco Wholesale CORP | 0% | — | 不變 |
| 30 | PEP | Pepsico Inc | 0% | -3.68% | 減碼 |
| 31 | CVX | Chevron CORP | -0.1% | -0.99% | 減碼 |
| 32 | TJX | Tjx Companies Inc | -0.1% | -9.60% | 減碼 |
| 33 | VMI | Valmont Industries | -0.1% | -4.27% | 減碼 |
| 34 | BRK-B | Berkshire Hathaway Inc-cl B | -0.1% | -0.18% | 減碼 |
| 35 | LOW | Lowe's Cos Inc | -0.1% | -0.09% | 減碼 |
| 36 | HON | Honeywell International Inc | -0.1% | -0.51% | 減碼 |
| 37 | DIS | Walt Disney Co/the | -0.1% | -6.61% | 減碼 |
| 38 | ITW | Illinois Tool Works | -0.1% | -0.51% | 減碼 |
| 39 | ADBE | Adobe Inc | -0.1% | -10.22% | 減碼 |
| 40 | PG | Procter & Gamble Co/the | -0.1% | -0.29% | 減碼 |
| 41 | NKE | Nike Inc -cl B | -0.1% | -2.97% | 減碼 |
| 42 | UNH | Unitedhealth Group Inc | -0.1% | -1.74% | 減碼 |
| 43 | ABT | Abbott Laboratories | -0.1% | — | 不變 |
| 44 | BLK | Blackrock Inc | -0.2% | -0.10% | 減碼 |
| 45 | MSFT | Microsoft CORP | -0.7% | -0.86% | 減碼 |
| 46 | ORCL | Oracle CORP | -1.7% | -0.26% | 減碼 |
| 47 | CMCSA | Comcast Corp-class A | — | EXIT | 清倉 |
| 48 | APH | Amphenol Corp-cl A | — | NEW | 新建倉 |
| 49 | SCHI | Schwab 5-10 Year Corporate B | — | EXIT | 清倉 |
| 50 | VZ | Verizon Communications Inc | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Pioneer Trust Bank N A/or 在 Q4 2025 季度的美股持倉總市值約為 US$4.4億，共申報了 76 個公開持股部位。
在 Q4 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 (7.6%)、AAPL (7.6%)、GOOG (6.0%)。其中最大持股部位 MSFT 佔據整體投資組合約 7.6% 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
APH
市值: US$197.9萬
本季最大獲利了結 / 清倉標的
CMCSA
前期市值: US$378.3萬
在 Q4 2025 季度中，Pioneer Trust Bank N A/or 共進行了 41 項持倉異動，包含新建倉 1 個部位、加碼 6 個部位、減碼 31 個部位以及清倉 3 個部位。 其中最大新建倉標的為 APH。 本季清倉部位包含 CMCSA。
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。