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: 0001779040
申報總市值
US$4.3億
US$4.3億
123 檔
39.0%
在 Q4 2025 的 13F 官方備案中，PSI Advisors, LLC 管理的美股投資組合規模來到 US$4.3億，整體持股檔數為 123 檔。
觀察 Q4 2025 的資金脈絡，PSI Advisors, LLC 在獲利結算 16 檔個股的同時，將資本重新部署至 4 檔新選標的，展現主動管理機構的輪動節奏。
從部位權重觀察，前 5 大標的（包含 QQQ, SPYM, JEPQ）累計市值佔比達 39.0%，是驅動 PSI Advisors, 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 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 12.63% | +1.08% | +12.14% | |
| 2 | SPYM | Ste Str Spdr Pt S&p 500 ETF | ETF-大型股與成長 | 12.17% | -0.27% | +2.53% | |
| 3 | JEPQ | JPM Nasdaq Equity Premium | ETF-科技型 | 7.25% | -0.28% | +5.99% | |
| 4 | KNG | Ft Vest S&p 500 Dvd Arst Trg | ETF-大型股與成長 | 5.32% | -1.40% | +4.65% | |
| 5 | BUFR | Ft Vest Lad Buffervetf-usd I | ETF-其他 | 4.81% | -0.48% | +4.07% | |
| 6 | COWZ | Pacer US Cash Cows 100 ETF | ETF-其他 | 4.11% | -0.40% | -3.74% | |
| 7 | DGRO | Ishares Core Dividend Growth | ETF-其他 | 3.82% | -0.02% | +0.44% | |
| 8 | SPMD | Ss Spdr P S&p 400 Midcap ETF | ETF-其他 | 2.70% | +0.35% | -5.72% | |
| 9 | SPTI | Ss Spdr P Int Term Tsy ETF | ETF-其他 | 2.58% | -0.07% | +6.45% | |
| 10 | SDVY | First Trust Smid Cap Rising | ETF-其他 | 2.43% | +0.08% | +2.94% | |
| 11 | AAPL | Apple Inc | 股票-科技 | 2.02% | -0.16% | -16.03% | |
| 12 | PSC | Principal US Small-cap ETF | ETF-其他 | 1.96% | +0.42% | -5.89% | |
| 13 | CALF | Pcr US Sm Cp Csh Cws Etf-usd | ETF-其他 | 1.92% | +0.09% | -2.19% | |
| 14 | IBTG | Ishares Ibonds Dec 2026 Term | ETF-其他 | 1.80% | -0.77% | +542.18% | |
| 15 | SPYG | Ss Spdr P S&p 500 Growth ETF | ETF-大型股與成長 | 1.71% | +0.22% | -9.92% | |
| 16 | TLT | Ishares 20+ Year Treasury Bd | ETF-政府公債 | 1.55% | — | +4.14% | |
| 17 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.49% | +0.13% | +4.03% | |
| 18 | PREF | Pri Spe Pre Sec Acti-usd Inc | ETF-其他 | 1.44% | -0.04% | +1.82% | |
| 19 | XMHQ | Invesco S&p Midcap Qual ETF | ETF-其他 | 1.32% | -0.24% | -3.87% | |
| 20 | MOAT | Vaneck Morningstar Wide Moat | ETF-其他 | 1.16% | -0.18% | +0.96% | |
| 21 | XLRE | Ss Real Estate Select Sector | ETF-其他 | 1.08% | -0.05% | -8.19% | |
| 22 | BIL | Ss Spdr Bb 1-3m T-bill ETF | ETF-政府公債 | 1.08% | -0.24% | +9.22% | |
| 23 | NVDA | Nvidia CORP | 股票-科技 | 1.01% | +0.06% | +36.00% | |
| 24 | QQQI | Neos Nasdaq-100 High Inc ETF | ETF-科技型 | 0.93% | +0.78% | +48.92% | |
| 25 | ET | Energy Transfer LP | 股票-能源 | 0.88% | -0.01% | -0.14% | |
| 26 | IBMO | Ishares Ibonds Dec 2026 Term | ETF-其他 | 0.85% | -0.52% | +27.67% | |
| 27 | IBMP | Ishares Ibonds Dec 2027 Term | ETF-其他 | 0.84% | -0.27% | — | |
| 28 | MSFT | Microsoft CORP | 股票-科技 | 0.77% | +0.55% | +14.89% | |
| 29 | XMMO | Invesco S&p Midcap Momentum | ETF-其他 | 0.72% | +0.51% | -1.71% | |
| 30 | IBMQ | Ishares Ibonds Dec 2028 Muni | ETF-其他 | 0.70% | -0.23% | — | |
| 31 | FLRT | Pacer Aristotle Pacific Floa | ETF-其他 | 0.64% | -0.09% | +4.56% | |
| 32 | SPYV | Ss Spdr P S&p 500 Value ETF | ETF-大型股與成長 | 0.64% | +0.05% | -18.41% | |
| 33 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 0.55% | +0.10% | +5.49% | |
| 34 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 0.55% | +0.05% | +2.33% | |
| 35 | AMZN | Amazon.com Inc | 股票-循環性消費 | 0.55% | -0.07% | +5.56% | |
| 36 | IJT | Ishares S&p Small-cap 600 Gr | ETF-其他 | 0.41% | -0.01% | -3.18% | |
| 37 | TSLA | Tesla Inc | 股票-循環性消費 | 0.40% | +0.05% | -0.92% | |
| 38 | WMT | Walmart Inc | 股票-非循環性消費 | 0.37% | -0.14% | +154.89% | |
| 39 | QQQM | Invesco Nasdaq 100 ETF | ETF-科技型 | 0.34% | +0.07% | +4.87% | |
| 40 | XLF | Ss Financial Select Sector | ETF-其他 | 0.33% | +0.02% | -13.81% | |
| 41 | IBMR | Ishares Ibonds Dec 2029 M Bd | ETF-其他 | 0.32% | -0.06% | — | |
| 42 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.32% | +0.07% | +4.39% | |
| 43 | CVX | Chevron CORP | 股票-能源 | 0.32% | -0.13% | -4.67% | |
| 44 | DE | Deere & Co | 股票-工業 | 0.30% | -0.14% | -3.70% | |
| 45 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.30% | -0.20% | -4.78% | |
| 46 | PFG | Principal Financial Group | 股票-金融 | 0.30% | +0.06% | +3.72% | |
| 47 | XYLD | Global X S&p 500 Cove Call E | ETF-大型股與成長 | 0.30% | -0.02% | +3.06% | |
| 48 | CIEN | Ciena CORP | 股票-科技 | 0.30% | -0.49% | -19.76% | |
| 49 | AME | Ametek Inc | 股票-工業 | 0.30% | -0.13% | — | |
| 50 | TRMD | TORM plc | 股票-其他 | 0.29% | -0.04% | +6.62% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | IBTG | Ishares Ibonds Dec 2026 Term | +1.5% | +542.18% | 加碼 |
| 2 | LLY | Eli Lilly & Co | +0.5% | +4.03% | 加碼 |
| 3 | JEPQ | JPM Nasdaq Equity Premium | +0.3% | +5.99% | 加碼 |
| 4 | QQQI | Neos Nasdaq-100 High Inc ETF | +0.3% | +48.92% | 加碼 |
| 5 | SPYM | Ste Str Spdr Pt S&p 500 ETF | +0.3% | +2.53% | 加碼 |
| 6 | NVDA | Nvidia CORP | +0.3% | +36.00% | 加碼 |
| 7 | QQQ | Invesco Qqq Trust Series 1 | +0.3% | +12.14% | 加碼 |
| 8 | WMT | Walmart Inc | +0.2% | +154.89% | 加碼 |
| 9 | BUFR | Ft Vest Lad Buffervetf-usd I | +0.2% | +4.07% | 加碼 |
| 10 | ORCL | Oracle CORP | +0.2% | +359.58% | 加碼 |
| 11 | IBMO | Ishares Ibonds Dec 2026 Term | +0.2% | +27.67% | 加碼 |
| 12 | GOOGL | Alphabet Inc-cl A | +0.1% | +5.49% | 加碼 |
| 13 | IBDR | Ishares Ibonds Dec 2026 Term | +0.1% | +90.02% | 加碼 |
| 14 | UBER | Uber Technologies Inc | +0.1% | +146.72% | 加碼 |
| 15 | EQWL | Invesco S&p 100 Equal Weight | +0.1% | +64.92% | 加碼 |
| 16 | KNG | Ft Vest S&p 500 Dvd Arst Trg | +0.1% | +4.65% | 加碼 |
| 17 | SPTI | Ss Spdr P Int Term Tsy ETF | +0.1% | +6.45% | 加碼 |
| 18 | AGG | Ishares Core U.s. Aggregate | +0.1% | +48.82% | 加碼 |
| 19 | SOXX | Ishares Semiconductor ETF | +0.1% | +194.35% | 加碼 |
| 20 | BIL | Ss Spdr Bb 1-3m T-bill ETF | +0.1% | +9.22% | 加碼 |
| 21 | SDVY | First Trust Smid Cap Rising | +0.1% | +2.94% | 加碼 |
| 22 | DGRO | Ishares Core Dividend Growth | 0% | +0.44% | 加碼 |
| 23 | XLU | St Sr Utl Sl Se Spdr Etf-usd | -0.1% | +41.46% | 加碼 |
| 24 | AMD | Advanced Micro Devices | -0.1% | -42.09% | 減碼 |
| 25 | SPYV | Ss Spdr P S&p 500 Value ETF | -0.1% | -18.41% | 減碼 |
| 26 | PSC | Principal US Small-cap ETF | -0.1% | -5.89% | 減碼 |
| 27 | XLRE | Ss Real Estate Select Sector | -0.2% | -8.19% | 減碼 |
| 28 | SPYG | Ss Spdr P S&p 500 Growth ETF | -0.2% | -9.92% | 減碼 |
| 29 | SPMD | Ss Spdr P S&p 400 Midcap ETF | -0.2% | -5.72% | 減碼 |
| 30 | AAPL | Apple Inc | -0.3% | -16.03% | 減碼 |
| 31 | TLT | iShares 20+ Year Treasury Bond ETF | — | EXIT | 清倉 |
| 32 | TLT | iShares 20+ Year Treasury Bond ETF | — | EXIT | 清倉 |
| 33 | IBMP | Ishares Ibonds Dec 2027 Term | — | NEW | 新建倉 |
| 34 | IBMQ | Ishares Ibonds Dec 2028 Muni | — | NEW | 新建倉 |
| 35 | IBDQ | Ishares Ibonds Dec 2025 Term | — | EXIT | 清倉 |
| 36 | IBMR | Ishares Ibonds Dec 2029 M Bd | — | NEW | 新建倉 |
| 37 | SWVXX | Schwa Prime Adv Money Fd-inv | — | EXIT | 清倉 |
| 38 | ATLC 7.625 PERP B債券 | Atlanticus Holdings CORP | — | EXIT | 清倉 |
| 39 | SRG 7 PERP A債券 | Seritage Growth Propert | — | EXIT | 清倉 |
| 40 | NAVI 6 12-15-43債券 | Navient CORP | — | EXIT | 清倉 |
| 41 | USFR | Wisdomtree Floating Rate Tre | — | EXIT | 清倉 |
| 42 | VTV | Vanguard Value ETF | — | EXIT | 清倉 |
| 43 | LSGRX | Loomis Sayles Growth-y | — | EXIT | 清倉 |
| 44 | VIA V0 PERP債券 | Via Renewables Inc | — | EXIT | 清倉 |
| 45 | PBI 6.7 03-07-43債券 | Pitney Bowes Inc | — | EXIT | 清倉 |
| 46 | NFLX | Netflix Inc | — | NEW | 新建倉 |
| 47 | ACR 7.875 PERP D債券 | Acres Commercial Realty | — | EXIT | 清倉 |
| 48 | ✓ | — | EXIT | 清倉 | |
| 49 | ARR 7 PERP C債券 | Armour Residential Reit | — | EXIT | 清倉 |
| 50 | DOW | Dow Inc | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，PSI Advisors, LLC 在 Q4 2025 季度的美股持倉總市值約為 US$4.3億，共申報了 123 個公開持股部位。
在 Q4 2025 季度，PSI Advisors, LLC 按市值排列的前三大核心持股分別為：QQQ (12.6%)、SPYM (12.2%)、JEPQ (7.3%)。其中最大持股部位 QQQ 佔據整體投資組合約 12.6% 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
IBMP
市值: US$334.8萬
本季最大獲利了結 / 清倉標的
TLT
前期市值: US$836.6萬
在 Q4 2025 季度中，PSI Advisors, LLC 共進行了 50 項持倉異動，包含新建倉 4 個部位、加碼 23 個部位、減碼 7 個部位以及清倉 16 個部位。 其中最大新建倉標的為 IBMP。 本季清倉部位包含 TLT。
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。