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: 0001387304
申報總市值
US$13.6億
US$13.6億
88 檔
17.0%
在 Q4 2025 的 13F 官方備案中，Richard C. Young & CO., LTD. 管理的美股投資組合規模來到 US$13.6億，整體持股檔數為 88 檔。
Richard C. Young & CO., LTD. 於 Q4 2025 展現出進攻型調倉步調，本季推動了 0 檔股票的新建倉與 29 檔既有部位加碼，整體資金傾向擴大在美股市場的曝險佈局。
從部位權重觀察，前 5 大標的（包含 GLDM1USD, GLD, AVGO）累計市值佔比達 17.0%，是驅動 Richard C. Young & CO., LTD. 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 | GLDM1USD | Spdr Gold Minishares Trust | ETF-避險與商品 | 4.99% | -1.27% | +0.13% | |
| 2 | GLD | Spdr Gold Shares | ETF-避險與商品 | 4.33% | -1.08% | -0.74% | |
| 3 | AVGO | Broadcom Inc | 股票-科技 | 4.07% | +0.26% | -2.56% | |
| 4 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 3.72% | +0.28% | +0.84% | |
| 5 | SLV | Ishares Silver Trust | ETF-避險與商品 | 3.51% | -1.07% | -0.12% | |
| 6 | NVDA | Nvidia CORP | 股票-科技 | 3.21% | +0.04% | +2.93% | |
| 7 | V | Visa Inc-class A Shares | 股票-金融 | 2.64% | +0.03% | -1.82% | |
| 8 | CAT | Caterpillar Inc | 股票-工業 | 2.61% | +0.92% | -1.94% | |
| 9 | WMT | Walmart Inc | 股票-非循環性消費 | 2.18% | -0.42% | +11.51% | |
| 10 | AAPL | Apple Inc | 股票-科技 | 2.10% | +0.03% | +6.09% | |
| 11 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.06% | +0.04% | +4.76% | |
| 12 | JPM | Jpmorgan Chase & Co | 股票-金融 | 2.03% | -0.01% | -0.12% | |
| 13 | XOM | Exxon Mobil CORP | 股票-能源 | 1.94% | -0.74% | +0.74% | |
| 14 | IBM | Intl Business Machines CORP | 股票-科技 | 1.93% | +0.09% | +0.94% | |
| 15 | ORCL | Oracle CORP | 股票-科技 | 1.88% | -0.16% | +1.25% | |
| 16 | T | At&t Inc | 股票-通訊服務 | 1.86% | -0.73% | +0.55% | |
| 17 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.86% | +0.23% | +6.00% | |
| 18 | KMI | Kinder Morgan, Inc. | 股票-能源 | 1.83% | -0.31% | +2.08% | |
| 19 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.83% | -0.17% | +1.39% | |
| 20 | LHX | L3harris Technologies Inc | 股票-工業 | 1.81% | -0.49% | -0.16% | |
| 21 | MSFT | Microsoft CORP | 股票-科技 | 1.79% | -0.13% | +3.88% | |
| 22 | CMI | Cummins Inc | 股票-工業 | 1.78% | +0.30% | +2.04% | |
| 23 | SO | Southern Co/the | 股票-公用事業 | 1.77% | -0.21% | +1.16% | |
| 24 | DELL | Dell Technologies -c | 股票-科技 | 1.76% | +2.90% | +2.30% | |
| 25 | WMB | Williams Cos Inc | 股票-能源 | 1.68% | -0.17% | +0.60% | |
| 26 | PNC | Pnc Financial Services Group | 股票-金融 | 1.67% | +0.09% | +5.44% | |
| 27 | NSC | Norfolk Southern CORP | 股票-工業 | 1.59% | -0.06% | -2.03% | |
| 28 | LOW | Lowe's Cos Inc | 股票-循環性消費 | 1.56% | -0.30% | -0.78% | |
| 29 | MO | Altria Group Inc | 股票-非循環性消費 | 1.53% | -0.04% | +3.37% | |
| 30 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 1.49% | -0.20% | -1.68% | |
| 31 | ADP | Automatic Data Processing | 股票-科技 | 1.48% | -0.07% | -5.67% | |
| 32 | KR | Kroger Co | 股票-非循環性消費 | 1.47% | -0.61% | +71.62% | |
| 33 | EMR | Emerson Electric Co | 股票-工業 | 1.45% | -0.03% | +0.89% | |
| 34 | CVX | Chevron CORP | 股票-能源 | 1.45% | -0.50% | +2.47% | |
| 35 | VRT | Vertiv Holdings Co-a | 股票-工業 | 1.44% | +0.38% | +12.91% | |
| 36 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.41% | -0.10% | +1.62% | |
| 37 | STRL | Sterling Infrastructure Inc | 股票-工業 | 1.36% | +1.40% | +58.68% | |
| 38 | MCD | Mcdonald's CORP | 股票-循環性消費 | 1.24% | -0.26% | +2.32% | |
| 39 | TXN | Texas Instruments Inc | 股票-科技 | 1.22% | +0.37% | -3.58% | |
| 40 | VLO | Valero Energy CORP | 股票-能源 | 1.18% | -0.10% | -0.46% | |
| 41 | VZ | Verizon Communications Inc | 股票-通訊服務 | 1.16% | -0.32% | -13.65% | |
| 42 | GD | General Dynamics CORP | 股票-工業 | 1.10% | -0.11% | -2.01% | |
| 43 | KO | Coca-cola Co/the | 股票-非循環性消費 | 1.09% | -0.10% | +2.06% | |
| 44 | PSX | Phillips 66 | 股票-能源 | 1.08% | -0.28% | -1.97% | |
| 45 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 1.06% | -0.17% | +19.72% | |
| 46 | ADI | Analog Devices Inc | 股票-科技 | 0.84% | +0.15% | +13.33% | |
| 47 | NOC | Northrop Grumman CORP | 股票-工業 | 0.79% | -0.29% | +3.49% | |
| 48 | ALL | Allstate CORP | 股票-金融 | 0.78% | -0.60% | -4.97% | |
| 49 | NEE | Nextera Energy Inc | 股票-公用事業 | 0.77% | -0.12% | +4.84% | |
| 50 | HD | Home Depot Inc | 股票-循環性消費 | 0.74% | -0.06% | -0.51% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | SLV | Ishares Silver Trust | +1.1% | -0.12% | 減碼 |
| 2 | GOOGL | Alphabet Inc-cl A | +0.8% | +0.84% | 加碼 |
| 3 | LLY | Eli Lilly & Co | +0.6% | +6.00% | 加碼 |
| 4 | KR | Kroger Co | +0.5% | +71.62% | 加碼 |
| 5 | GLDM1USD | Spdr Gold Minishares Trust | +0.4% | +0.13% | 加碼 |
| 6 | STRL | Sterling Infrastructure Inc | +0.4% | +58.68% | 加碼 |
| 7 | CAT | Caterpillar Inc | +0.3% | -1.94% | 減碼 |
| 8 | WMT | Walmart Inc | +0.3% | +11.51% | 加碼 |
| 9 | CMI | Cummins Inc | +0.3% | +2.04% | 加碼 |
| 10 | GLD | Spdr Gold Shares | +0.3% | -0.74% | 減碼 |
| 11 | VRT | Vertiv Holdings Co-a | +0.2% | +12.91% | 加碼 |
| 12 | AAPL | Apple Inc | +0.2% | +6.09% | 加碼 |
| 13 | ADI | Analog Devices Inc | +0.1% | +13.33% | 加碼 |
| 14 | AMZN | Amazon.com Inc | +0.1% | +4.76% | 加碼 |
| 15 | JNJ | Johnson & Johnson | +0.1% | +1.62% | 加碼 |
| 16 | SIVR | Abrdn Physical Silver Shares | +0.1% | -2.36% | 減碼 |
| 17 | VTI | Vanguard Total Stock Mkt ETF | +0.1% | +209.86% | 加碼 |
| 18 | PNC | Pnc Financial Services Group | +0.1% | +5.44% | 加碼 |
| 19 | ABBV | Abbvie Inc | +0.1% | +26.36% | 加碼 |
| 20 | XOM | Exxon Mobil CORP | +0.1% | +0.74% | 加碼 |
| 21 | COST | Costco Wholesale CORP | +0.1% | +19.72% | 加碼 |
| 22 | NEE | Nextera Energy Inc | +0.1% | +4.84% | 加碼 |
| 23 | IBM | Intl Business Machines CORP | 0% | +0.94% | 加碼 |
| 24 | KO | Coca-cola Co/the | 0% | +2.06% | 加碼 |
| 25 | UNP | Union Pacific CORP | 0% | -4.50% | 減碼 |
| 26 | NVDA | Nvidia CORP | 0% | +2.93% | 加碼 |
| 27 | AVGO | Broadcom Inc | -0.1% | -2.56% | 減碼 |
| 28 | APD | Air Products & Chemicals Inc | -0.1% | -4.91% | 減碼 |
| 29 | ALL | Allstate CORP | -0.1% | -4.97% | 減碼 |
| 30 | ITW | Illinois Tool Works | -0.1% | -4.18% | 減碼 |
| 31 | VLO | Valero Energy CORP | -0.1% | -0.46% | 減碼 |
| 32 | PSX | Phillips 66 | -0.1% | -1.97% | 減碼 |
| 33 | MSFT | Microsoft CORP | -0.1% | +3.88% | 加碼 |
| 34 | WMB | Williams Cos Inc | -0.1% | +0.60% | 加碼 |
| 35 | LOW | Lowe's Cos Inc | -0.1% | -0.78% | 減碼 |
| 36 | LHX | L3harris Technologies Inc | -0.2% | -0.16% | 減碼 |
| 37 | NSC | Norfolk Southern CORP | -0.2% | -2.03% | 減碼 |
| 38 | HD | Home Depot Inc | -0.2% | -0.51% | 減碼 |
| 39 | TXN | Texas Instruments Inc | -0.2% | -3.58% | 減碼 |
| 40 | PG | Procter & Gamble Co/the | -0.2% | -1.68% | 減碼 |
| 41 | SO | Southern Co/the | -0.2% | +1.16% | 加碼 |
| 42 | MO | Altria Group Inc | -0.2% | +3.37% | 加碼 |
| 43 | META | Meta Platforms Inc-class A | -0.3% | +1.39% | 加碼 |
| 44 | DELL | Dell Technologies -c | -0.3% | +2.30% | 加碼 |
| 45 | T | At&t Inc | -0.3% | +0.55% | 加碼 |
| 46 | VZ | Verizon Communications Inc | -0.3% | -13.65% | 減碼 |
| 47 | ADP | Automatic Data Processing | -0.4% | -5.67% | 減碼 |
| 48 | PFE | Pfizer Inc | -0.6% | -55.86% | 減碼 |
| 49 | ORCL | Oracle CORP | -0.9% | +1.25% | 加碼 |
| 50 | TGT | Target CORP | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Richard C. Young & CO., LTD. 在 Q4 2025 季度的美股持倉總市值約為 US$13.6億，共申報了 88 個公開持股部位。
在 Q4 2025 季度，Richard C. Young & CO., LTD. 按市值排列的前三大核心持股分別為：GLDM1USD (5.0%)、GLD (4.3%)、AVGO (4.1%)。其中最大持股部位 GLDM1USD 佔據整體投資組合約 5.0% 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。
本季最大獲利了結 / 清倉標的
TGT
前期市值: US$542.4萬
在 Q4 2025 季度中，Richard C. Young & CO., LTD. 共進行了 50 項持倉異動，包含新建倉 0 個部位、加碼 29 個部位、減碼 20 個部位以及清倉 1 個部位。 本季清倉部位包含 TGT。
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。