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: 0001510481
申報總市值
US$85.4億
US$85.4億
80 檔
36.6%
Sarasin & Partners LLP 在 Q2 2025 季度的美股部位總計估值為 US$85.4億，分散於 80 個持倉標的之中，反映其市場參與廣度與投資規模。
觀察 Q2 2025 的資金脈絡，Sarasin & Partners LLP 在獲利結算 6 檔個股的同時，將資本重新部署至 3 檔新選標的，展現主動管理機構的輪動節奏。
在資產配置集中度方面，Sarasin & Partners LLP 的前 5 大核心持股（包含 MSFT, NVDA, AMZN 等）合計佔整體申報市值的 36.6%，反映機構在主要關鍵部位上的權重分佈。
| # | 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 | 10.39% | -0.44% | -1.05% | |
| 2 | NVDA | Nvidia CORP | 股票-科技 | 6.17% | +0.26% | +1.87% | |
| 3 | AMZN | Amazon.com Inc | 股票-循環性消費 | 5.54% | +0.44% | +1.00% | |
| 4 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 4.64% | -0.20% | -1.68% | |
| 5 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 4.39% | +1.40% | -2.43% | |
| 6 | MA | Mastercard Inc - A | 股票-金融 | 3.96% | -0.06% | -6.91% | |
| 7 | CL | Colgate-palmolive Co | 股票-非循環性消費 | 3.71% | -0.60% | +5.89% | |
| 8 | OTIS | Otis Worldwide CORP | 股票-工業 | 3.53% | -0.48% | -1.67% | |
| 9 | JPM | Jpmorgan Chase & Co | 股票-金融 | 3.25% | -0.95% | +4.72% | |
| 10 | EMR | Emerson Electric Co | 股票-工業 | 3.21% | +0.16% | +8.59% | |
| 11 | FTNT | Fortinet Inc | 股票-科技 | 2.96% | -1.42% | +12.61% | |
| 12 | AAPL | Apple Inc | 股票-科技 | 2.85% | +0.56% | -21.69% | |
| 13 | CME | Cme Group Inc | 股票-金融 | 2.78% | +0.05% | -13.45% | |
| 14 | ZTS | Zoetis Inc | 股票-醫療保健 | 2.50% | -0.01% | +3.71% | |
| 15 | HD | Home Depot Inc | 股票-循環性消費 | 2.45% | +0.19% | +0.97% | |
| 16 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 2.34% | -0.09% | -0.08% | |
| 17 | BLK | Blackrock Inc | 股票-金融 | 2.33% | -0.12% | -8.56% | |
| 18 | AVGO | Broadcom Inc | 股票-科技 | 2.23% | +1.05% | +31.76% | |
| 19 | MCO | Moody's CORP | 股票-金融 | 2.10% | -0.76% | -5.77% | |
| 20 | DE | Deere & Co | 股票-工業 | 2.03% | +0.05% | -11.76% | |
| 21 | MELI | Mercadolibre Inc | 股票-循環性消費 | 1.99% | -0.06% | +24.88% | |
| 22 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 1.88% | — | +9.14% | |
| 23 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.85% | +0.19% | +4.27% | |
| 24 | AMT | American Tower CORP | 股票-房地產 | 1.71% | -0.19% | -3.51% | |
| 25 | AMGN | Amgen Inc | 股票-醫療保健 | 1.70% | -1.40% | +9.79% | |
| 26 | TTEK | Tetra Tech Inc | 股票-工業 | 1.68% | — | +1.19% | |
| 27 | NOW | Servicenow Inc | 股票-科技 | 1.54% | -0.15% | +101.28% | |
| 28 | CMG | Chipotle Mexican Grill Inc | 股票-循環性消費 | 1.42% | -0.01% | +2.23% | |
| 29 | KMB | Kimberly-clark CORP | 股票-非循環性消費 | 1.39% | -0.71% | -10.70% | |
| 30 | NFLX | Netflix Inc | 股票-通訊服務 | 1.32% | -0.61% | +436.68% | |
| 31 | CSCO | Cisco Systems Inc | 股票-科技 | 1.25% | -0.18% | +2.60% | |
| 32 | MRSH | Marsh & Mclennan Cos | 股票-金融 | 1.22% | -0.55% | — | |
| 33 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 1.04% | +0.07% | -31.77% | |
| 34 | PLD | Prologis Inc | 股票-房地產 | 0.84% | -0.01% | -7.84% | |
| 35 | AOS | Smith (a.o.) CORP | 股票-工業 | 0.78% | -0.15% | +4.77% | |
| 36 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.75% | -0.04% | +2.21% | |
| 37 | ROST | Ross Stores Inc | 股票-循環性消費 | 0.59% | -0.19% | +0.54% | |
| 38 | MS | Morgan Stanley | 股票-金融 | 0.52% | -0.02% | +0.47% | |
| 39 | PFE | Pfizer Inc | 股票-醫療保健 | 0.35% | -0.22% | -1.25% | |
| 40 | GGG | Graco Inc | 股票-工業 | 0.26% | -0.01% | +0.72% | |
| 41 | TXN | Texas Instruments Inc | 股票-科技 | 0.26% | -0.10% | -0.41% | |
| 42 | SNA | Snap-on Inc | 股票-工業 | 0.26% | +0.02% | +5.68% | |
| 43 | GLD | Spdr Gold Shares | ETF-避險與商品 | 0.18% | -0.04% | -3.26% | |
| 44 | ECL | Ecolab Inc | 股票-原物料 | 0.15% | +0.13% | +8.36% | |
| 45 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.14% | +0.03% | -16.73% | |
| 46 | WY | Weyerhaeuser Co | 股票-房地產 | 0.13% | — | +8.95% | |
| 47 | WELL | Welltower Inc | 股票-房地產 | 0.11% | — | +5.77% | |
| 48 | PSA | Public Storage | 股票-房地產 | 0.09% | — | +50.62% | |
| 49 | EQIX | Equinix Inc | 股票-房地產 | 0.08% | — | +0.16% | |
| 50 | PWR | Quanta Services Inc | 股票-工業 | 0.08% | +0.03% | +11.86% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | MSFT | Microsoft CORP | +1.8% | -1.05% | 減碼 |
| 2 | NVDA | Nvidia CORP | +1.6% | +1.87% | 加碼 |
| 3 | MRSH | Marsh & Mclennan Cos | +1.2% | NEW | 新建倉 |
| 4 | NFLX | Netflix Inc | +1.1% | +436.68% | 加碼 |
| 5 | AVGO | Broadcom Inc | +1.1% | +31.76% | 加碼 |
| 6 | NOW | Servicenow Inc | +0.9% | +101.28% | 加碼 |
| 7 | MELI | Mercadolibre Inc | +0.7% | +24.88% | 加碼 |
| 8 | META | Meta Platforms Inc-class A | +0.6% | -1.68% | 減碼 |
| 9 | EMR | Emerson Electric Co | +0.6% | +8.59% | 加碼 |
| 10 | JPM | Jpmorgan Chase & Co | +0.4% | +4.72% | 加碼 |
| 11 | AMZN | Amazon.com Inc | +0.4% | +1.00% | 加碼 |
| 12 | FTNT | Fortinet Inc | +0.4% | +12.61% | 加碼 |
| 13 | TTEK | Tetra Tech Inc | +0.2% | +1.19% | 加碼 |
| 14 | GOOGL | Alphabet Inc-cl A | +0.1% | -2.43% | 減碼 |
| 15 | CMG | Chipotle Mexican Grill Inc | +0.1% | +2.23% | 加碼 |
| 16 | CSCO | Cisco Systems Inc | +0.1% | +2.60% | 加碼 |
| 17 | MS | Morgan Stanley | +0.1% | +0.47% | 加碼 |
| 18 | DLR | Digital Realty Trust Inc | +0.1% | NEW | 新建倉 |
| 19 | SPG | Simon Property Group Inc | +0.1% | NEW | 新建倉 |
| 20 | ELF | Elf Beauty Inc | +0.1% | +110.41% | 加碼 |
| 21 | PWR | Quanta Services Inc | 0% | +11.86% | 加碼 |
| 22 | PSA | Public Storage | 0% | +50.62% | 加碼 |
| 23 | TXN | Texas Instruments Inc | 0% | -0.41% | 減碼 |
| 24 | AOS | Smith (a.o.) CORP | 0% | +4.77% | 加碼 |
| 25 | MAA | Mid-america Apartment Comm | 0% | EXIT | 清倉 |
| 26 | DIS | Walt Disney Co/the | 0% | EXIT | 清倉 |
| 27 | CCI | Crown Castle Inc | 0% | -68.12% | 減碼 |
| 28 | DOCS | Doximity Inc-class A | 0% | EXIT | 清倉 |
| 29 | NKE | Nike Inc -cl B | -0.1% | EXIT | 清倉 |
| 30 | COST | Costco Wholesale CORP | -0.1% | -0.08% | 減碼 |
| 31 | OXY | Occidental Petroleum CORP | -0.1% | EXIT | 清倉 |
| 32 | MRK | Merck & Co. Inc. | -0.2% | +2.21% | 加碼 |
| 33 | MCO | Moody's CORP | -0.2% | -5.77% | 減碼 |
| 34 | BLK | Blackrock Inc | -0.2% | -8.56% | 減碼 |
| 35 | AMGN | Amgen Inc | -0.2% | +9.79% | 加碼 |
| 36 | AMT | American Tower CORP | -0.2% | -3.51% | 減碼 |
| 37 | LLY | Eli Lilly & Co | -0.2% | +4.27% | 加碼 |
| 38 | HD | Home Depot Inc | -0.2% | +0.97% | 加碼 |
| 39 | PLD | Prologis Inc | -0.2% | -7.84% | 減碼 |
| 40 | CL | Colgate-palmolive Co | -0.2% | +5.89% | 加碼 |
| 41 | ZTS | Zoetis Inc | -0.3% | +3.71% | 加碼 |
| 42 | DE | Deere & Co | -0.3% | -11.76% | 減碼 |
| 43 | KMB | Kimberly-clark CORP | -0.5% | -10.70% | 減碼 |
| 44 | OTIS | Otis Worldwide CORP | -0.6% | -1.67% | 減碼 |
| 45 | MA | Mastercard Inc - A | -0.6% | -6.91% | 減碼 |
| 46 | CME | Cme Group Inc | -0.6% | -13.45% | 減碼 |
| 47 | TMO | Thermo Fisher Scientific Inc | -1% | -31.77% | 減碼 |
| 48 | UNH | Unitedhealth Group Inc | -1.3% | +9.14% | 加碼 |
| 49 | AAPL | Apple Inc | -1.5% | -21.69% | 減碼 |
| 50 | TSM | Taiwan Semiconductor-sp Adr | -2.6% | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Sarasin & Partners LLP 在 Q2 2025 季度的美股持倉總市值約為 US$85.4億，共申報了 80 個公開持股部位。
在 Q2 2025 季度，Sarasin & Partners LLP 按市值排列的前三大核心持股分別為：MSFT (10.4%)、NVDA (6.2%)、AMZN (5.5%)。其中最大持股部位 MSFT 佔據整體投資組合約 10.4% 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
MRSH
市值: US$1.2億
本季最大獲利了結 / 清倉標的
TSM
前期市值: US$2.4億
在 Q2 2025 季度中，Sarasin & Partners LLP 共進行了 50 項持倉異動，包含新建倉 3 個部位、加碼 24 個部位、減碼 17 個部位以及清倉 6 個部位。 其中最大新建倉標的為 MRSH。 本季清倉部位包含 TSM。
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。