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: 0000200648
申報總市值
US$9.9億
US$9.9億
314 檔
13.5%
在 Q4 2025 的 13F 官方備案中，Romano Brothers And Company 管理的美股投資組合規模來到 US$9.9億，整體持股檔數為 314 檔。
從 Q4 2025 申報觀察，Romano Brothers And Company 採取防禦導向的調倉策略，本季減碼 36 檔個股並出清 1 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 VOO, ABBV, AAPL）累計市值佔比達 13.5%，是驅動 Romano Brothers And Company 該季度整體投資組合績效表現的核心支柱。
僅顯示前 200 大持股（共 314 檔）
| # | 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 | VOO | Vanguard S&p 500 ETF | ETF-大型股與成長 | 3.32% | +0.05% | +1.75% | |
| 2 | ABBV | Abbvie Inc | 股票-醫療保健 | 3.28% | +0.01% | -1.53% | |
| 3 | AAPL | Apple Inc | 股票-科技 | 3.03% | -0.02% | -2.02% | |
| 4 | AVGO | Broadcom Inc | 股票-科技 | 2.91% | +0.10% | -15.00% | |
| 5 | CACI | Caci International Inc -cl A | 股票-科技 | 2.72% | -0.69% | -0.89% | |
| 6 | VIG | Vanguard Dividend Apprec ETF | ETF-其他 | 2.48% | -0.06% | +2.48% | |
| 7 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 2.42% | +0.03% | +0.21% | |
| 8 | VUG | Vanguard Growth ETF | ETF-其他 | 2.31% | +0.10% | +3.18% | |
| 9 | MSFT | Microsoft CORP | 股票-科技 | 2.20% | -0.19% | -1.94% | |
| 10 | ITOT | Ishares Core S&p Total U.s. | ETF-其他 | 2.13% | +0.02% | -0.12% | |
| 11 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.67% | +0.11% | -2.12% | |
| 12 | CSCO | Cisco Systems Inc | 股票-科技 | 1.30% | +0.43% | -2.25% | |
| 13 | VYM | Vanguard High Dvd Yield ETF | ETF-其他 | 1.29% | -0.10% | +0.49% | |
| 14 | RTX | Rtx CORP | 股票-工業 | 1.29% | -0.18% | -2.27% | |
| 15 | NVDA | Nvidia CORP | 股票-科技 | 1.22% | +0.08% | -2.33% | |
| 16 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.20% | +0.10% | -0.06% | |
| 17 | IBM | Intl Business Machines CORP | 股票-科技 | 1.16% | — | -0.14% | |
| 18 | DUK | Duke Energy CORP | 股票-公用事業 | 1.08% | -0.19% | -0.78% | |
| 19 | FDX | Fedex CORP | 股票-工業 | 1.07% | -0.30% | -2.00% | |
| 20 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.05% | +0.02% | -0.91% | |
| 21 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.00% | -0.02% | -1.54% | |
| 22 | ORCL | Oracle CORP | 股票-科技 | 0.97% | -0.08% | -0.49% | |
| 23 | VTI | Vanguard Total Stock Mkt ETF | ETF-其他 | 0.95% | -0.01% | +0.71% | |
| 24 | ABT | Abbott Laboratories | 股票-醫療保健 | 0.94% | -0.18% | -1.28% | |
| 25 | CAT | Caterpillar Inc | 股票-工業 | 0.93% | +0.35% | -12.96% | |
| 26 | OHI | Omega Healthcare Investors | 股票-房地產 | 0.85% | -0.04% | -0.84% | |
| 27 | CHKP | Check Point Software Technologies Ltd. | 股票-科技 | 0.85% | -0.13% | -0.14% | |
| 28 | ARCC | Ares Capital CORP | 股票-金融 | 0.84% | -0.07% | +2.68% | |
| 29 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.81% | -0.08% | -1.14% | |
| 30 | ULTA | Ulta Beauty Inc | 股票-循環性消費 | 0.78% | -0.16% | -6.85% | |
| 31 | AMGN | Amgen Inc | 股票-醫療保健 | 0.74% | -0.08% | -0.77% | |
| 32 | BMO | Bank Of Montreal | 股票-金融 | 0.74% | +0.11% | -0.14% | |
| 33 | C | Citigroup Inc | 股票-金融 | 0.74% | +0.05% | -0.75% | |
| 34 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.72% | +0.07% | -2.60% | |
| 35 | AIT | Applied Industrial Tech Inc | 股票-工業 | 0.70% | +0.09% | -7.21% | |
| 36 | DLR | Digital Realty Trust Inc | 股票-房地產 | 0.69% | -0.10% | -0.23% | |
| 37 | IJR | Ishares Core S&p Small-cap E | ETF-中小型股 | 0.68% | +0.04% | -2.02% | |
| 38 | UPS | United Parcel Service-cl B | 股票-工業 | 0.67% | -0.03% | -1.83% | |
| 39 | ETN | Eaton Corporation plc | 股票-工業 | 0.65% | +0.04% | +7.39% | |
| 40 | QCOM | Qualcomm Inc | 股票-科技 | 0.65% | +0.12% | -1.11% | |
| 41 | CVS | Cvs Health CORP | 股票-醫療保健 | 0.65% | +0.16% | -3.22% | |
| 42 | STX | Seagate Technology Holdings plc | 股票-科技 | 0.63% | +0.16% | -2.53% | |
| 43 | EXE | Expand Energy CORP | 股票-能源 | 0.62% | -0.18% | +90.91% | |
| 44 | AEP | American Electric Power | 股票-公用事業 | 0.61% | -0.06% | -0.59% | |
| 45 | AMAT | Applied Materials Inc | 股票-科技 | 0.60% | +0.39% | -2.64% | |
| 46 | WM | Waste Management Inc | 股票-工業 | 0.59% | -0.11% | +2.82% | |
| 47 | PEP | Pepsico Inc | 股票-非循環性消費 | 0.57% | -0.15% | -0.80% | |
| 48 | LRCX | Lam Research CORP | 股票-科技 | 0.57% | +0.45% | -0.31% | |
| 49 | RSP | Invesco S&p 500 Equal Weight | ETF-大型股與成長 | 0.57% | -0.02% | +33.60% | |
| 50 | ITW | Illinois Tool Works | 股票-工業 | 0.56% | -0.05% | -2.25% |
| # | 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 | +0.3% | -2.12% | 減碼 |
| 2 | EXE | Expand Energy CORP | +0.3% | +90.91% | 加碼 |
| 3 | GOOGL | Alphabet Inc-cl A | +0.3% | -0.06% | 減碼 |
| 4 | LLY | Eli Lilly & Co | +0.2% | -2.60% | 減碼 |
| 5 | FDX | Fedex CORP | +0.2% | -2.00% | 減碼 |
| 6 | NVO | Novo-nordisk A/s-spons Adr | +0.2% | +704.04% | 加碼 |
| 7 | ADBE | Adobe Inc | +0.2% | +243.53% | 加碼 |
| 8 | RSP | Invesco S&p 500 Equal Weight | +0.2% | +33.60% | 加碼 |
| 9 | CACI | Caci International Inc -cl A | +0.1% | -0.89% | 減碼 |
| 10 | AAPL | Apple Inc | +0.1% | -2.02% | 減碼 |
| 11 | LRCX | Lam Research CORP | +0.1% | -0.31% | 減碼 |
| 12 | IBDV | Ishares Ibonds Dec 2030 CORP | +0.1% | +44.89% | 加碼 |
| 13 | VOO | Vanguard S&p 500 ETF | +0.1% | +1.75% | 加碼 |
| 14 | CSCO | Cisco Systems Inc | +0.1% | -2.25% | 減碼 |
| 15 | AMAT | Applied Materials Inc | +0.1% | -2.64% | 減碼 |
| 16 | DELL | Dell Technologies -c | +0.1% | +76.00% | 加碼 |
| 17 | VUG | Vanguard Growth ETF | +0.1% | +3.18% | 加碼 |
| 18 | MRK | Merck & Co. Inc. | +0.1% | -0.78% | 減碼 |
| 19 | VIG | Vanguard Dividend Apprec ETF | +0.1% | +2.48% | 加碼 |
| 20 | AMGN | Amgen Inc | +0.1% | -0.77% | 減碼 |
| 21 | UPS | United Parcel Service-cl B | +0.1% | -1.83% | 減碼 |
| 22 | C | Citigroup Inc | +0.1% | -0.75% | 減碼 |
| 23 | RTX | Rtx CORP | +0.1% | -2.27% | 減碼 |
| 24 | NICE | Nice LTD - Spon Adr | +0.1% | +133.92% | 加碼 |
| 25 | STX | Seagate Technology Holdings plc | +0.1% | -2.53% | 減碼 |
| 26 | COWG | Pacer US Lrg Cap Cows Gr Ld | +0.1% | +124.10% | 加碼 |
| 27 | JNJ | Johnson & Johnson | +0.1% | -1.14% | 減碼 |
| 28 | MU | Micron Technology Inc | +0.1% | -0.44% | 減碼 |
| 29 | IBDU | Ishares Ibonds Dec 2029 Term | +0.1% | +78.29% | 加碼 |
| 30 | SNDK | Sandisk CORP | +0.1% | -8.71% | 減碼 |
| 31 | IBDW | Ishares Ibonds Dec 2031 CORP | +0.1% | +189.80% | 加碼 |
| 32 | AMD | Advanced Micro Devices | +0.1% | -3.35% | 減碼 |
| 33 | PYPL | Paypal Holdings Inc | -0.1% | -1.58% | 減碼 |
| 34 | DUK | Duke Energy CORP | -0.1% | -0.78% | 減碼 |
| 35 | AIT | Applied Industrial Tech Inc | -0.1% | -7.21% | 減碼 |
| 36 | HD | Home Depot Inc | -0.1% | -2.36% | 減碼 |
| 37 | T | At&t Inc | -0.1% | -1.17% | 減碼 |
| 38 | ICLR | ICON Public Limited Company | -0.1% | -17.61% | 減碼 |
| 39 | AJG | Arthur J Gallagher & Co | -0.1% | -1.43% | 減碼 |
| 40 | DLR | Digital Realty Trust Inc | -0.1% | -0.23% | 減碼 |
| 41 | ABT | Abbott Laboratories | -0.1% | -1.28% | 減碼 |
| 42 | CHKP | Check Point Software Technologies Ltd. | -0.1% | -0.14% | 減碼 |
| 43 | GPC | Genuine Parts Co | -0.1% | -22.27% | 減碼 |
| 44 | GPN | Global Payments Inc | -0.1% | -16.37% | 減碼 |
| 45 | ABBV | Abbvie Inc | -0.1% | -1.53% | 減碼 |
| 46 | MSFT | Microsoft CORP | -0.2% | -1.94% | 減碼 |
| 47 | AVGO | Broadcom Inc | -0.4% | -15.00% | 減碼 |
| 48 | ORCL | Oracle CORP | -0.4% | -0.49% | 減碼 |
| 49 | FISV | Fiserv Inc | -0.5% | -5.44% | 減碼 |
| 50 | GNRC | Generac Holdings Inc | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Romano Brothers And Company 在 Q4 2025 季度的美股持倉總市值約為 US$9.9億，共申報了 314 個公開持股部位。
在 Q4 2025 季度，Romano Brothers And Company 按市值排列的前三大核心持股分別為：VOO (3.3%)、ABBV (3.3%)、AAPL (3.0%)。其中最大持股部位 VOO 佔據整體投資組合約 3.3% 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。
本季最大獲利了結 / 清倉標的
GNRC
前期市值: US$137.4萬
在 Q4 2025 季度中，Romano Brothers And Company 共進行了 50 項持倉異動，包含新建倉 0 個部位、加碼 13 個部位、減碼 36 個部位以及清倉 1 個部位。 本季清倉部位包含 GNRC。
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。