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
702 檔
24.0%
Royal London Asset Management LTD 在 Q4 2025 季度的美股部位總計估值為 US$542.8億，分散於 702 個持倉標的之中，反映其市場參與廣度與投資規模。
數據顯示 Royal London Asset Management LTD 於 Q4 2025 季度持續回收資金，對 113 個既有部位進行裁減並清倉 1 個標的，組合整體流動性比重有所上升。
在資產配置集中度方面，Royal London Asset Management LTD 的前 5 大核心持股（包含 NVDA, MSFT, AAPL 等）合計佔整體申報市值的 24.0%，反映機構在主要關鍵部位上的權重分佈。
僅顯示前 200 大持股（共 702 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 | NVDA | Nvidia CORP | 股票-科技 | 6.92% | +0.07% | +3.68% | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 6.06% | -0.42% | -2.97% | |
| 3 | AAPL | Apple Inc | 股票-科技 | 5.68% | +0.20% | -0.66% | |
| 4 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 4.63% | +0.43% | -6.43% | |
| 5 | AMZN | Amazon.com Inc | 股票-循環性消費 | 4.15% | +0.05% | -4.38% | |
| 6 | AVGO | Broadcom Inc | 股票-科技 | 2.84% | -0.02% | -8.38% | |
| 7 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.85% | -0.24% | +0.21% | |
| 8 | V | Visa Inc-class A Shares | 股票-金融 | 1.74% | +0.19% | -4.11% | |
| 9 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.67% | +0.16% | -0.74% | |
| 10 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.51% | -0.05% | -1.88% | |
| 11 | TSLA | Tesla Inc | 股票-循環性消費 | 1.45% | — | +0.73% | |
| 12 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.32% | +0.09% | -0.19% | |
| 13 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 1.22% | +0.21% | +0.16% | |
| 14 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.00% | -0.09% | +0.59% | |
| 15 | MELI | Mercadolibre Inc | 股票-循環性消費 | 0.96% | -0.15% | -1.31% | |
| 16 | HCA | Hca Healthcare Inc | 股票-醫療保健 | 0.72% | -0.14% | -33.58% | |
| 17 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.71% | -0.02% | -0.09% | |
| 18 | MU | Micron Technology Inc | 股票-科技 | 0.67% | +1.22% | -1.52% | |
| 19 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 0.66% | -0.12% | -6.94% | |
| 20 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.63% | — | +0.73% | |
| 21 | CNM | Core & Main Inc-class A | 股票-工業 | 0.62% | -0.11% | +12.50% | |
| 22 | HD | Home Depot Inc | 股票-循環性消費 | 0.58% | -0.03% | +1.39% | |
| 23 | XOM | Exxon Mobil CORP | 股票-能源 | 0.57% | -0.24% | -1.16% | |
| 24 | NFLX | Netflix Inc | 股票-通訊服務 | 0.57% | -0.21% | +900.20% | |
| 25 | LIN | Linde plc | 股票-原物料 | 0.55% | -0.02% | -10.05% | |
| 26 | STLD | Steel Dynamics Inc | 股票-原物料 | 0.54% | +0.04% | -23.73% | |
| 27 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.52% | +0.14% | -0.76% | |
| 28 | CSCO | Cisco Systems Inc | 股票-科技 | 0.52% | +0.20% | -0.31% | |
| 29 | WAB | Wabtec CORP | 股票-工業 | 0.51% | -0.04% | -2.44% | |
| 30 | PGR | Progressive CORP | 股票-金融 | 0.50% | -0.04% | -1.07% | |
| 31 | MA | Mastercard Inc - A | 股票-金融 | 0.50% | -0.07% | -0.61% | |
| 32 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.50% | -0.06% | +3.06% | |
| 33 | WMT | Walmart Inc | 股票-非循環性消費 | 0.49% | -0.12% | -0.66% | |
| 34 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.48% | -0.05% | +1.05% | |
| 35 | ISRG | Intuitive Surgical Inc | 股票-醫療保健 | 0.48% | -0.12% | +14.06% | |
| 36 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 0.47% | +0.01% | -0.74% | |
| 37 | INTU | Intuit Inc | 股票-科技 | 0.47% | -0.18% | -1.23% | |
| 38 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.47% | +0.02% | +0.02% | |
| 39 | ORCL | Oracle CORP | 股票-科技 | 0.45% | -0.04% | +1.22% | |
| 40 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.41% | -0.09% | -0.76% | |
| 41 | PEP | Pepsico Inc | 股票-非循環性消費 | 0.41% | -0.10% | +0.83% | |
| 42 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.41% | -0.10% | +4.00% | |
| 43 | WRB | Wr Berkley CORP | 股票-金融 | 0.41% | -0.05% | +0.97% | |
| 44 | BLD | Topbuild CORP | 股票-工業 | 0.41% | -0.19% | +20.96% | |
| 45 | PM | Philip Morris International | 股票-非循環性消費 | 0.41% | -0.02% | +2.32% | |
| 46 | TXN | Texas Instruments Inc | 股票-科技 | 0.40% | +0.21% | -1.06% | |
| 47 | FIX | Comfort Systems USA Inc | 股票-工業 | 0.38% | +0.12% | -19.02% | |
| 48 | QCOM | Qualcomm Inc | 股票-科技 | 0.38% | +0.07% | +105.83% | |
| 49 | BAC | Bank Of America CORP | 股票-金融 | 0.37% | — | -1.64% | |
| 50 | HDB | Hdfc Bank Ltd-adr | 股票-金融 | 0.36% | -0.03% | -2.21% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | GOOGL | Alphabet Inc-cl A | +0.7% | -6.43% | 減碼 |
| 2 | LLY | Eli Lilly & Co | +0.5% | -0.74% | 減碼 |
| 3 | GOOG | Alphabet Inc-cl C | +0.3% | -0.19% | 減碼 |
| 4 | MU | Micron Technology Inc | +0.3% | -1.52% | 減碼 |
| 5 | AAPL | Apple Inc | +0.2% | -0.66% | 減碼 |
| 6 | RACE | Ferrari N.V. | +0.2% | +645.71% | 加碼 |
| 7 | QCOM | Qualcomm Inc | +0.2% | +105.83% | 加碼 |
| 8 | APG | Api Group CORP | +0.2% | +367.31% | 加碼 |
| 9 | KMI | Kinder Morgan, Inc. | +0.1% | +94.09% | 加碼 |
| 10 | ISRG | Intuitive Surgical Inc | +0.1% | +14.06% | 加碼 |
| 11 | MRK | Merck & Co. Inc. | +0.1% | -0.09% | 減碼 |
| 12 | INTC | Intel CORP | +0.1% | +38.02% | 加碼 |
| 13 | NVDA | Nvidia CORP | +0.1% | +3.68% | 加碼 |
| 14 | ITW | Illinois Tool Works | +0.1% | +123.03% | 加碼 |
| 15 | BLD | Topbuild CORP | +0.1% | +20.96% | 加碼 |
| 16 | AMD | Advanced Micro Devices | +0.1% | +1.93% | 加碼 |
| 17 | TSM | Taiwan Semiconductor-sp Adr | +0.1% | +0.16% | 加碼 |
| 18 | JNJ | Johnson & Johnson | +0.1% | +3.06% | 加碼 |
| 19 | GM | General Motors Co | +0.1% | +0.43% | 加碼 |
| 20 | HUBB | Hubbell Inc | +0.1% | +218.73% | 加碼 |
| 21 | TMO | Thermo Fisher Scientific Inc | +0.1% | -6.94% | 減碼 |
| 22 | AMAT | Applied Materials Inc | +0.1% | -0.34% | 減碼 |
| 23 | CSCO | Cisco Systems Inc | +0.1% | -0.31% | 減碼 |
| 24 | CPAY | Corpay Inc | +0.1% | +258.05% | 加碼 |
| 25 | LRCX | Lam Research CORP | +0.1% | -1.52% | 減碼 |
| 26 | CAT | Caterpillar Inc | 0% | -0.72% | 減碼 |
| 27 | CNM | Core & Main Inc-class A | 0% | +12.50% | 加碼 |
| 28 | GS | Goldman Sachs Group Inc | 0% | +0.02% | 加碼 |
| 29 | PNC | Pnc Financial Services Group | 0% | +17.45% | 加碼 |
| 30 | VRTX | Vertex Pharmaceuticals Inc | 0% | -1.36% | 減碼 |
| 31 | DG | Dollar General CORP | 0% | +0.21% | 加碼 |
| 32 | MS | Morgan Stanley | 0% | +1.18% | 加碼 |
| 33 | C | Citigroup Inc | 0% | -1.50% | 減碼 |
| 34 | BRKR | Bruker CORP | 0% | +1.49% | 加碼 |
| 35 | UBS | UBS Group AG | 0% | -1.42% | 減碼 |
| 36 | WMT | Walmart Inc | 0% | -0.66% | 減碼 |
| 37 | XOM | Exxon Mobil CORP | 0% | -1.16% | 減碼 |
| 38 | CRH | CRH plc | 0% | +12.08% | 加碼 |
| 39 | AME | Ametek Inc | 0% | +4.15% | 加碼 |
| 40 | VRT | Vertiv Holdings Co-a | 0% | +2.17% | 加碼 |
| 41 | NOC | Northrop Grumman CORP | 0% | +26.94% | 加碼 |
| 42 | PH | Parker Hannifin CORP | 0% | -1.06% | 減碼 |
| 43 | ADI | Analog Devices Inc | 0% | -1.31% | 減碼 |
| 44 | WFC | Wells Fargo & Co | 0% | -1.89% | 減碼 |
| 45 | AMGN | Amgen Inc | 0% | -0.89% | 減碼 |
| 46 | WST | West Pharmaceutical Services | 0% | +78.74% | 加碼 |
| 47 | CRM | Salesforce Inc | 0% | -0.50% | 減碼 |
| 48 | PLD | Prologis Inc | 0% | +0.62% | 加碼 |
| 49 | COF | Capital One Financial CORP | 0% | -0.75% | 減碼 |
| 50 | DHR | Danaher CORP | 0% | +0.02% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Royal London Asset Management LTD 在 Q4 2025 季度的美股持倉總市值約為 US$542.8億，共申報了 702 個公開持股部位。
在 Q4 2025 季度，Royal London Asset Management LTD 按市值排列的前三大核心持股分別為：NVDA (6.9%)、MSFT (6.1%)、AAPL (5.7%)。其中最大持股部位 NVDA 佔據整體投資組合約 6.9% 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
TTE
市值: US$1.4億
本季最大獲利了結 / 清倉標的
KEL
前期市值: US$1360.6萬
在 Q4 2025 季度中，Royal London Asset Management LTD 共進行了 200 項持倉異動，包含新建倉 4 個部位、加碼 82 個部位、減碼 113 個部位以及清倉 1 個部位。 其中最大新建倉標的為 TTE。 本季清倉部位包含 KEL。
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。