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: 0000863748
申報總市值
US$542.8億
US$542.8億
688 檔
23.4%
截至 Q3 2025 季度末，Royal London Asset Management LTD 的美股持倉估值約為 US$542.8億，全數申報部位共有 688 檔。
Royal London Asset Management LTD 在 Q3 2025 的調整主要集中於風險出清，清倉與減碼部位合計達 133 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。
檢視投資組合結構，前 5 大主力部位（包含 MSFT, NVDA, AAPL）占據了總市值的 23.4%，展現出該機構在 Q3 2025 的重點資金聚焦與風險分佈特徵。
本季最大新建倉標的
REXR
市值: US$1.0億
本季最大獲利了結 / 清倉標的
SAIA
前期市值: US$4553.3萬
僅顯示前 200 大持股（共 688 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 | MSFT | Microsoft CORP | 股票-科技 | 6.84% | -0.42% | -4.80% | |
| 2 | NVDA | Nvidia CORP | 股票-科技 | 6.82% | +0.07% | +1.75% | |
| 3 | AAPL | Apple Inc | 股票-科技 | 5.47% | +0.20% | -1.60% | |
| 4 | AMZN | Amazon.com Inc | 股票-循環性消費 | 4.21% | +0.05% | +1.05% | |
| 5 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 3.92% | +0.43% | -1.75% | |
| 6 | AVGO | Broadcom Inc | 股票-科技 | 3.02% | -0.02% | -7.43% | |
| 7 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.10% | -0.24% | -3.53% | |
| 8 | V | Visa Inc-class A Shares | 股票-金融 | 1.81% | +0.19% | -2.88% | |
| 9 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.54% | -0.05% | +0.14% | |
| 10 | TSLA | Tesla Inc | 股票-循環性消費 | 1.45% | — | -0.21% | |
| 11 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.22% | +0.16% | +5.61% | |
| 12 | MELI | Mercadolibre Inc | 股票-循環性消費 | 1.16% | -0.15% | +12.83% | |
| 13 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 1.14% | +0.21% | -14.02% | |
| 14 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.05% | +0.09% | -3.15% | |
| 15 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.01% | -0.09% | -0.20% | |
| 16 | HCA | Hca Healthcare Inc | 股票-醫療保健 | 1.00% | -0.14% | -2.29% | |
| 17 | NFLX | Netflix Inc | 股票-通訊服務 | 0.74% | -0.21% | -1.88% | |
| 18 | LIN | Linde plc | 股票-原物料 | 0.69% | -0.02% | +1.88% | |
| 19 | HD | Home Depot Inc | 股票-循環性消費 | 0.69% | -0.03% | +10.13% | |
| 20 | ORCL | Oracle CORP | 股票-科技 | 0.65% | -0.04% | +40.30% | |
| 21 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.65% | — | -0.67% | |
| 22 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 0.61% | -0.12% | -1.80% | |
| 23 | STLD | Steel Dynamics Inc | 股票-原物料 | 0.60% | +0.04% | +11.86% | |
| 24 | PGR | Progressive CORP | 股票-金融 | 0.60% | -0.04% | -9.09% | |
| 25 | CNM | Core & Main Inc-class A | 股票-工業 | 0.59% | -0.11% | +16.74% | |
| 26 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.58% | -0.02% | -6.06% | |
| 27 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.56% | +0.14% | -2.00% | |
| 28 | XOM | Exxon Mobil CORP | 股票-能源 | 0.55% | -0.24% | -1.94% | |
| 29 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.52% | -0.05% | -1.21% | |
| 30 | MA | Mastercard Inc - A | 股票-金融 | 0.51% | -0.07% | -1.17% | |
| 31 | WAB | Wabtec CORP | 股票-工業 | 0.50% | -0.04% | +0.80% | |
| 32 | INTU | Intuit Inc | 股票-科技 | 0.50% | -0.18% | +7.80% | |
| 33 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 0.49% | +0.01% | -12.63% | |
| 34 | WMT | Walmart Inc | 股票-非循環性消費 | 0.47% | -0.12% | -1.19% | |
| 35 | CSCO | Cisco Systems Inc | 股票-科技 | 0.47% | +0.20% | -3.93% | |
| 36 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.46% | -0.09% | -1.65% | |
| 37 | WRB | Wr Berkley CORP | 股票-金融 | 0.46% | -0.05% | +0.91% | |
| 38 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.44% | -0.06% | +16.55% | |
| 39 | TXN | Texas Instruments Inc | 股票-科技 | 0.44% | +0.21% | +0.38% | |
| 40 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.44% | +0.02% | +9.54% | |
| 41 | FIX | Comfort Systems USA Inc | 股票-工業 | 0.43% | +0.12% | -29.67% | |
| 42 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.42% | -0.10% | +32.08% | |
| 43 | PM | Philip Morris International | 股票-非循環性消費 | 0.41% | -0.02% | +0.28% | |
| 44 | PEP | Pepsico Inc | 股票-非循環性消費 | 0.41% | -0.10% | +11.69% | |
| 45 | MU | Micron Technology Inc | 股票-科技 | 0.41% | +1.22% | +11.35% | |
| 46 | FERG | Ferguson Enterprises Inc | 股票-工業 | 0.39% | +0.06% | -5.65% | |
| 47 | ADSK | Autodesk Inc | 股票-科技 | 0.39% | -0.13% | -2.71% | |
| 48 | SNPS | Synopsys Inc | 股票-科技 | 0.39% | -0.01% | +104.70% | |
| 49 | BAC | Bank Of America CORP | 股票-金融 | 0.36% | — | -0.13% | |
| 50 | HDB | Hdfc Bank Ltd-adr | 股票-金融 | 0.35% | -0.03% | +101.68% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +2.2% | +1.75% | 減碼 |
| 2 | AVGO | Broadcom Inc | +1% | -7.43% | 減碼 |
| 3 | GOOGL | Alphabet Inc-cl A | +1% | -1.75% | 減碼 |
| 4 | MSFT | Microsoft CORP | +0.6% | -4.80% | 減碼 |
| 5 | TSLA | Tesla Inc | +0.4% | -0.21% | 減碼 |
| 6 | ORCL | Oracle CORP | +0.4% | +40.30% | 加碼 |
| 7 | MU | Micron Technology Inc | +0.3% | +11.35% | 加碼 |
| 8 | VRT | Vertiv Holdings Co-a | +0.3% | +443.95% | 加碼 |
| 9 | AEM | Agnico Eagle Mines LTD | +0.2% | +2697.70% | 加碼 |
| 10 | GOOG | Alphabet Inc-cl C | +0.2% | -3.15% | 減碼 |
| 11 | BLD | Topbuild CORP | +0.2% | +199.45% | 加碼 |
| 12 | PLTR | Palantir Technologies Inc-a | +0.2% | +32.08% | 加碼 |
| 13 | SNPS | Synopsys Inc | +0.2% | +104.70% | 加碼 |
| 14 | JPM | Jpmorgan Chase & Co | +0.2% | +0.14% | 減碼 |
| 15 | ELS | Equity Lifestyle Properties | +0.2% | -14.34% | 加碼 |
| 16 | FIX | Comfort Systems USA Inc | +0.2% | -29.67% | 減碼 |
| 17 | SLM | Slm CORP | +0.2% | +7.55% | 加碼 |
| 18 | TSM | Taiwan Semiconductor-sp Adr | +0.1% | -14.02% | 減碼 |
| 19 | GS | Goldman Sachs Group Inc | +0.1% | +9.54% | 加碼 |
| 20 | INTC | Intel CORP | +0.1% | +63.62% | 加碼 |
| 21 | VST | Vistra CORP | +0.1% | +138.45% | 加碼 |
| 22 | LW | Lamb Weston Holdings Inc | +0.1% | +195.42% | 加碼 |
| 23 | GEV | GE Vernova Inc | +0.1% | +16.13% | 加碼 |
| 24 | URI | United Rentals Inc | +0.1% | -1.21% | 加碼 |
| 25 | AIT | Applied Industrial Tech Inc | +0.1% | +8.66% | 加碼 |
| 26 | TAP | Molson Coors Beverage Co - B | +0.1% | -6.60% | 加碼 |
| 27 | APP | Applovin Corp-class A | +0.1% | -5.74% | 減碼 |
| 28 | HALO | Halozyme Therapeutics Inc | +0.1% | +3.75% | 加碼 |
| 29 | HOOD | Robinhood Markets Inc - A | +0.1% | +15.12% | 加碼 |
| 30 | COF | Capital One Financial CORP | +0.1% | +24.95% | 加碼 |
| 31 | WPM | Wheaton Precious Metals CORP | +0.1% | +1298.10% | 加碼 |
| 32 | CNM | Core & Main Inc-class A | +0.1% | +16.74% | 加碼 |
| 33 | GE | General Electric | +0.1% | +3.14% | 減碼 |
| 34 | ANET | Arista Networks Inc | +0.1% | -0.80% | 減碼 |
| 35 | NFLX | Netflix Inc | +0.1% | -1.88% | 減碼 |
| 36 | LRCX | Lam Research CORP | +0.1% | -1.70% | 減碼 |
| 37 | ALNY | Alnylam Pharmaceuticals Inc | +0.1% | -0.68% | 減碼 |
| 38 | APH | Amphenol Corp-cl A | +0.1% | -1.76% | 減碼 |
| 39 | NEM | Newmont CORP | +0.1% | +32.29% | 加碼 |
| 40 | HD | Home Depot Inc | +0.1% | +10.13% | 加碼 |
| 41 | INTU | Intuit Inc | +0.1% | +7.80% | 加碼 |
| 42 | AMD | Advanced Micro Devices | +0.1% | -2.11% | 減碼 |
| 43 | PEG | Public Service Enterprise Gp | +0.1% | +93.59% | 加碼 |
| 44 | RBLX | Roblox CORP -class A | +0.1% | -2.25% | 加碼 |
| 45 | SHOP | Shopify Inc - Class A | +0.1% | +0.99% | 加碼 |
| 46 | IBP | Installed Building Products | +0.1% | -0.61% | 加碼 |
| 47 | GLW | Corning Inc | +0.1% | +96.53% | 加碼 |
| 48 | META | Meta Platforms Inc-class A | 0% | -3.53% | 減碼 |
| 49 | CAT | Caterpillar Inc | 0% | -2.62% | 減碼 |
| 50 | UBER | Uber Technologies Inc | 0% | -1.50% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Royal London Asset Management LTD 在 Q3 2025 季度的美股持倉總市值約為 US$542.8億，共申報了 688 個公開持股部位。
在 Q3 2025 季度，Royal London Asset Management LTD 按市值排列的前三大核心持股分別為：MSFT (6.8%)、NVDA (6.8%)、AAPL (5.5%)。其中最大持股部位 MSFT 佔據整體投資組合約 6.8% 的權重。
在 Q3 2025 季度中，Royal London Asset Management LTD 共進行了 200 項持倉異動，包含新建倉 3 個部位、加碼 64 個部位、減碼 123 個部位以及清倉 10 個部位。 其中最大新建倉標的為 REXR。 本季清倉部位包含 SAIA。
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。
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。
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。