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: 0001658020
申報總市值
US$79.5億
US$79.5億
103 檔
17.1%
截至 Q1 2026 季度末，Railway Pension Investments Ltd 的美股持倉估值約為 US$79.5億，全數申報部位共有 103 檔。
在 Q1 2026，Railway Pension Investments Ltd 展現出較為審慎的避險與獲利了結姿態。本季共減碼 55 個部位並完全清倉 14 檔持股，調降曝險的部位數量高於加碼動作。
檢視投資組合結構，前 5 大主力部位（包含 MSFT, GOOGL, NVDA）占據了總市值的 17.1%，展現出該機構在 Q1 2026 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 | MSFT | Microsoft CORP | 股票-科技 | 5.34% | -2.45% | -9.65% | |
| 2 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 3.77% | +0.40% | -23.22% | |
| 3 | NVDA | Nvidia CORP | 股票-科技 | 3.49% | +2.44% | -7.84% | |
| 4 | LNG | Cheniere Energy Inc | 股票-能源 | 3.45% | -1.69% | -7.00% | |
| 5 | AMZN | Amazon.com Inc | 股票-循環性消費 | 3.33% | -0.35% | +7.35% | |
| 6 | AVGO | Broadcom Inc | 股票-科技 | 3.32% | +0.73% | -7.25% | |
| 7 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 3.25% | -0.83% | +16.86% | |
| 8 | NEE | Nextera Energy Inc | 股票-公用事業 | 3.08% | -0.81% | -7.51% | |
| 9 | LRCX | Lam Research CORP | 股票-科技 | 2.99% | +1.12% | -5.69% | |
| 10 | EQIX | Equinix Inc | 股票-房地產 | 2.88% | -0.73% | -7.95% | |
| 11 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 2.86% | -0.60% | -7.56% | |
| 12 | TXN | Texas Instruments Inc | 股票-科技 | 2.71% | +0.14% | -2.94% | |
| 13 | GILD | Gilead Sciences Inc | 股票-醫療保健 | 2.59% | -0.53% | -6.85% | |
| 14 | CEG | Constellation Energy | 股票-公用事業 | 2.52% | -0.58% | +15.73% | |
| 15 | ABBV | Abbvie Inc | 股票-醫療保健 | 2.48% | +0.03% | -6.85% | |
| 16 | AAPL | Apple Inc | 股票-科技 | 2.46% | +2.34% | -9.50% | |
| 17 | V | Visa Inc-class A Shares | 股票-金融 | 2.41% | +0.30% | -10.35% | |
| 18 | SYK | Stryker CORP | 股票-醫療保健 | 2.29% | -0.68% | +1168.81% | |
| 19 | JNJ | Johnson & Johnson | 股票-醫療保健 | 2.26% | -0.18% | -10.15% | |
| 20 | PANW | Palo Alto Networks Inc | 股票-科技 | 2.24% | -2.24% | EXIT | |
| 21 | MA | Mastercard Inc - A | 股票-金融 | 2.08% | -0.21% | -12.51% | |
| 22 | IDXX | Idexx Laboratories Inc | 股票-醫療保健 | 2.05% | -1.75% | -21.34% | |
| 23 | PEG | Public Service Enterprise Gp | 股票-公用事業 | 1.98% | -0.59% | -22.60% | |
| 24 | KLAC | Kla CORP | 股票-科技 | 1.83% | +1.68% | -12.17% | |
| 25 | QCOM | Qualcomm Inc | 股票-科技 | 1.73% | +0.15% | -9.98% | |
| 26 | APH | Amphenol Corp-cl A | 股票-科技 | 1.52% | +0.38% | -9.46% | |
| 27 | ORLY | O'reilly Automotive Inc | 股票-循環性消費 | 1.52% | -1.52% | EXIT | |
| 28 | MCK | Mckesson CORP | 股票-醫療保健 | 1.35% | -0.33% | -13.04% | |
| 29 | NOW | Servicenow Inc | 股票-科技 | 1.33% | -1.33% | EXIT | |
| 30 | CSCO | Cisco Systems Inc | 股票-科技 | 1.26% | +0.48% | -11.69% | |
| 31 | MO | Altria Group Inc | 股票-非循環性消費 | 1.21% | -0.07% | -11.89% | |
| 32 | FAST | Fastenal Co | 股票-工業 | 1.11% | -0.11% | -10.50% | |
| 33 | PH | Parker Hannifin CORP | 股票-工業 | 0.94% | -0.04% | -11.74% | |
| 34 | BMY | Bristol-myers Squibb Co | 股票-醫療保健 | 0.90% | -0.15% | -12.13% | |
| 35 | EXPE | Expedia Group Inc | 股票-循環性消費 | 0.87% | -0.01% | -19.70% | |
| 36 | GWW | Ww Grainger Inc | 股票-工業 | 0.86% | +0.06% | -12.49% | |
| 37 | NTAP | Netapp Inc | 股票-科技 | 0.75% | +0.28% | -12.61% | |
| 38 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 0.69% | -0.69% | EXIT | |
| 39 | HCA | Hca Healthcare Inc | 股票-醫療保健 | 0.62% | -0.17% | -13.41% | |
| 40 | TJX | Tjx Companies Inc | 股票-循環性消費 | 0.61% | -0.10% | -12.71% | |
| 41 | WMT | Walmart Inc | 股票-非循環性消費 | 0.60% | -0.60% | EXIT | |
| 42 | CDNS | Cadence Design Sys Inc | 股票-科技 | 0.56% | +0.13% | -15.35% | |
| 43 | MSI | Motorola Solutions Inc | 股票-科技 | 0.53% | -0.08% | -12.48% | |
| 44 | TPR | Tapestry Inc | 股票-循環性消費 | 0.52% | +0.14% | -17.50% | |
| 45 | CRM | Salesforce Inc | 股票-科技 | 0.51% | -0.07% | -19.85% | |
| 46 | VZ | Verizon Communications Inc | 股票-通訊服務 | 0.50% | -0.14% | -12.64% | |
| 47 | MAR | Marriott International -cl A | 股票-循環性消費 | 0.50% | -0.50% | EXIT | |
| 48 | ROL | Rollins Inc | 股票-循環性消費 | 0.48% | -0.15% | -12.67% | |
| 49 | ADSK | Autodesk Inc | 股票-科技 | 0.47% | +0.02% | -19.26% | |
| 50 | OTIS | Otis Worldwide CORP | 股票-工業 | 0.45% | -0.09% | -12.78% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | SYK | Stryker CORP | +2.1% | +1168.81% | 加碼 |
| 2 | LNG | Cheniere Energy Inc | +1.4% | -7.00% | 減碼 |
| 3 | LRCX | Lam Research CORP | +0.9% | -5.69% | 減碼 |
| 4 | EQIX | Equinix Inc | +0.9% | -7.95% | 減碼 |
| 5 | NEE | Nextera Energy Inc | +0.7% | -7.51% | 減碼 |
| 6 | TXN | Texas Instruments Inc | +0.7% | -2.94% | 減碼 |
| 7 | META | Meta Platforms Inc-class A | +0.6% | +16.86% | 加碼 |
| 8 | GILD | Gilead Sciences Inc | +0.6% | -6.85% | 減碼 |
| 9 | JNJ | Johnson & Johnson | +0.5% | -10.15% | 減碼 |
| 10 | AMZN | Amazon.com Inc | +0.5% | +7.35% | 加碼 |
| 11 | KLAC | Kla CORP | +0.4% | -12.17% | 減碼 |
| 12 | CEG | Constellation Energy | +0.3% | +15.73% | 加碼 |
| 13 | GDDY | Godaddy Inc - Class A | +0.3% | +497.96% | 加碼 |
| 14 | ADBE | Adobe Inc | +0.3% | +474.03% | 加碼 |
| 15 | ROST | Ross Stores Inc | +0.2% | +353.01% | 加碼 |
| 16 | FAST | Fastenal Co | +0.2% | -10.50% | 減碼 |
| 17 | MO | Altria Group Inc | +0.2% | -11.89% | 減碼 |
| 18 | ABBV | Abbvie Inc | +0.2% | -6.85% | 減碼 |
| 19 | ORLY | O'reilly Automotive Inc | +0.2% | -8.22% | 減碼 |
| 20 | CF | Cf Industries Holdings Inc | +0.2% | — | 不變 |
| 21 | BMY | Bristol-myers Squibb Co | +0.2% | -12.13% | 減碼 |
| 22 | NVDA | Nvidia CORP | +0.1% | -7.84% | 減碼 |
| 23 | MCK | Mckesson CORP | +0.1% | -13.04% | 減碼 |
| 24 | GWW | Ww Grainger Inc | +0.1% | -12.49% | 減碼 |
| 25 | VZ | Verizon Communications Inc | +0.1% | -12.64% | 減碼 |
| 26 | EME | Emcor Group Inc | +0.1% | +7.81% | 加碼 |
| 27 | INTU | Intuit Inc | +0.1% | +81.70% | 加碼 |
| 28 | CSCO | Cisco Systems Inc | +0.1% | -11.69% | 減碼 |
| 29 | WMT | Walmart Inc | +0.1% | -12.79% | 減碼 |
| 30 | MSI | Motorola Solutions Inc | +0.1% | -12.48% | 減碼 |
| 31 | PH | Parker Hannifin CORP | +0.1% | -11.74% | 減碼 |
| 32 | TJX | Tjx Companies Inc | +0.1% | -12.71% | 減碼 |
| 33 | TT | Trane Technologies plc | +0.1% | — | 不變 |
| 34 | AAPL | Apple Inc | +0.1% | -9.50% | 減碼 |
| 35 | TPR | Tapestry Inc | +0.1% | -17.50% | 減碼 |
| 36 | AMGN | Amgen Inc | +0.1% | -12.79% | 減碼 |
| 37 | CL | Colgate-palmolive Co | +0.1% | — | 不變 |
| 38 | SNA | Snap-on Inc | 0% | -11.06% | 減碼 |
| 39 | HLT | Hilton Worldwide Holdings In | 0% | — | 不變 |
| 40 | YUM | Yum! Brands Inc | 0% | — | 不變 |
| 41 | APH | Amphenol Corp-cl A | 0% | -9.46% | 減碼 |
| 42 | HCA | Hca Healthcare Inc | 0% | -13.41% | 減碼 |
| 43 | ITW | Illinois Tool Works | 0% | -11.19% | 減碼 |
| 44 | FFIV | F5 Inc | 0% | — | 不變 |
| 45 | VRSN | Verisign Inc | 0% | — | 不變 |
| 46 | WSM | Williams-sonoma Inc | 0% | -13.07% | 減碼 |
| 47 | EXPD | Expeditors Intl Wash Inc | 0% | — | 不變 |
| 48 | AME | Ametek Inc | 0% | — | 不變 |
| 49 | BNY | Bank Of New York Mellon CORP | 0% | — | 不變 |
| 50 | L | Loews CORP | 0% | — | 不變 |
根據 SEC 官方 Form 13F 申報備案，Railway Pension Investments Ltd 在 Q1 2026 季度的美股持倉總市值約為 US$79.5億，共申報了 103 個公開持股部位。
在 Q1 2026 季度，Railway Pension Investments Ltd 按市值排列的前三大核心持股分別為：MSFT (5.3%)、GOOGL (3.8%)、NVDA (3.5%)。其中最大持股部位 MSFT 佔據整體投資組合約 5.3% 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
MAR
市值: US$3486.6萬
本季最大獲利了結 / 清倉標的
SPGI
前期市值: US$1.9億
在 Q1 2026 季度中，Railway Pension Investments Ltd 共進行了 89 項持倉異動，包含新建倉 11 個部位、加碼 9 個部位、減碼 55 個部位以及清倉 14 個部位。 其中最大新建倉標的為 MAR。 本季清倉部位包含 SPGI。
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。