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
74 檔
40.0%
根據最新整理的 13F 季度數據集，Sarasin & Partners LLP 於 Q3 2025 結束時的管理資產規模為 US$85.4億。該機構在本季度申報了 74 檔美股持倉，呈現出該時期的主要投資地圖。
在 Q3 2025，Sarasin & Partners LLP 展現出較為審慎的避險與獲利了結姿態。本季共減碼 23 個部位並完全清倉 6 檔持股，調降曝險的部位數量高於加碼動作。
整體而言，Sarasin & Partners LLP 的前 5 大持股（包含 MSFT, NVDA, AMZN）貢獻了組合市值的 40.0%，形成該機構在 Q3 2025 季度的基本面基石。
| # | 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 | 10.02% | -0.44% | -5.47% | |
| 2 | NVDA | Nvidia CORP | 股票-科技 | 8.13% | +0.26% | +16.10% | |
| 3 | AMZN | Amazon.com Inc | 股票-循環性消費 | 5.59% | +0.44% | +1.14% | |
| 4 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 5.31% | +1.40% | -11.35% | |
| 5 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 4.48% | -0.20% | -2.96% | |
| 6 | MA | Mastercard Inc - A | 股票-金融 | 4.06% | -0.06% | +2.92% | |
| 7 | AAPL | Apple Inc | 股票-科技 | 3.62% | +0.56% | +3.84% | |
| 8 | CL | Colgate-palmolive Co | 股票-非循環性消費 | 3.32% | -0.60% | +2.53% | |
| 9 | OTIS | Otis Worldwide CORP | 股票-工業 | 3.23% | -0.48% | +0.82% | |
| 10 | JPM | Jpmorgan Chase & Co | 股票-金融 | 3.21% | -0.95% | -8.05% | |
| 11 | CME | Cme Group Inc | 股票-金融 | 3.01% | +0.05% | +10.88% | |
| 12 | HD | Home Depot Inc | 股票-循環性消費 | 2.82% | +0.19% | +5.18% | |
| 13 | EMR | Emerson Electric Co | 股票-工業 | 2.77% | +0.16% | -9.67% | |
| 14 | BLK | Blackrock Inc | 股票-金融 | 2.63% | -0.12% | +1.98% | |
| 15 | KMB | Kimberly-clark CORP | 股票-非循環性消費 | 2.47% | -0.71% | +88.88% | |
| 16 | FTNT | Fortinet Inc | 股票-科技 | 2.40% | -1.42% | +3.04% | |
| 17 | NOW | Servicenow Inc | 股票-科技 | 2.34% | -0.15% | +68.41% | |
| 18 | ZTS | Zoetis Inc | 股票-醫療保健 | 2.32% | -0.01% | +2.38% | |
| 19 | AVGO | Broadcom Inc | 股票-科技 | 2.29% | +1.05% | -12.08% | |
| 20 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 2.11% | -0.09% | -1.42% | |
| 21 | MCO | Moody's CORP | 股票-金融 | 2.02% | -0.76% | +1.67% | |
| 22 | MRSH | Marsh & Mclennan Cos | 股票-金融 | 1.82% | -0.55% | +65.64% | |
| 23 | MELI | Mercadolibre Inc | 股票-循環性消費 | 1.79% | -0.06% | -4.28% | |
| 24 | AMGN | Amgen Inc | 股票-醫療保健 | 1.77% | -1.40% | +7.82% | |
| 25 | DE | Deere & Co | 股票-工業 | 1.77% | +0.05% | -3.39% | |
| 26 | AMT | American Tower CORP | 股票-房地產 | 1.65% | -0.19% | +11.24% | |
| 27 | UBER | Uber Technologies Inc | 股票-工業 | 1.42% | +0.01% | — | |
| 28 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 1.22% | +0.07% | +4.61% | |
| 29 | CSCO | Cisco Systems Inc | 股票-科技 | 1.14% | -0.18% | -4.83% | |
| 30 | CMG | Chipotle Mexican Grill Inc | 股票-循環性消費 | 1.00% | -0.01% | +1.08% | |
| 31 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.00% | +0.19% | -40.98% | |
| 32 | AOS | Smith (a.o.) CORP | 股票-工業 | 1.00% | -0.15% | +17.79% | |
| 33 | NFLX | Netflix Inc | 股票-通訊服務 | 0.98% | -0.61% | -16.59% | |
| 34 | PLD | Prologis Inc | 股票-房地產 | 0.83% | -0.01% | -7.50% | |
| 35 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.73% | -0.04% | +0.08% | |
| 36 | ROST | Ross Stores Inc | 股票-循環性消費 | 0.68% | -0.19% | -1.33% | |
| 37 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.47% | — | -76.99% | |
| 38 | PFE | Pfizer Inc | 股票-醫療保健 | 0.33% | -0.22% | -2.41% | |
| 39 | SNA | Snap-on Inc | 股票-工業 | 0.25% | +0.02% | -11.62% | |
| 40 | GGG | Graco Inc | 股票-工業 | 0.24% | -0.01% | -5.92% | |
| 41 | GLD | Spdr Gold Shares | ETF-避險與商品 | 0.21% | -0.04% | -0.18% | |
| 42 | ECL | Ecolab Inc | 股票-原物料 | 0.17% | +0.13% | +9.24% | |
| 43 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.15% | +0.03% | -17.64% | |
| 44 | TTEK | Tetra Tech Inc | 股票-工業 | 0.14% | — | -91.25% | |
| 45 | WY | Weyerhaeuser Co | 股票-房地產 | 0.11% | — | -12.66% | |
| 46 | PWR | Quanta Services Inc | 股票-工業 | 0.10% | +0.03% | +11.48% | |
| 47 | EVR | Evercore Inc - A | 股票-金融 | 0.08% | +0.01% | — | |
| 48 | VWO | Vanguard Ftse Emerging Marke | ETF-新興市場 | 0.08% | +0.01% | +72.85% | |
| 49 | MS | Morgan Stanley | 股票-金融 | 0.07% | -0.02% | -88.35% | |
| 50 | ELF | Elf Beauty Inc | 股票-非循環性消費 | 0.06% | +0.01% | -14.36% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +3.6% | +16.10% | 加碼 |
| 2 | NOW | Servicenow Inc | +1.7% | +68.41% | 加碼 |
| 3 | MSFT | Microsoft CORP | +1.4% | -5.47% | 減碼 |
| 4 | AVGO | Broadcom Inc | +1.2% | -12.08% | 加碼 |
| 5 | GOOGL | Alphabet Inc-cl A | +1% | -11.35% | 減碼 |
| 6 | NFLX | Netflix Inc | +0.8% | -16.59% | 加碼 |
| 7 | KMB | Kimberly-clark CORP | +0.6% | +88.88% | 加碼 |
| 8 | MELI | Mercadolibre Inc | +0.5% | -4.28% | 加碼 |
| 9 | META | Meta Platforms Inc-class A | +0.5% | -2.96% | 減碼 |
| 10 | AMZN | Amazon.com Inc | +0.4% | +1.14% | 加碼 |
| 11 | JPM | Jpmorgan Chase & Co | +0.3% | -8.05% | 減碼 |
| 12 | AOS | Smith (a.o.) CORP | +0.2% | +17.79% | 加碼 |
| 13 | HD | Home Depot Inc | +0.2% | +5.18% | 加碼 |
| 14 | EMR | Emerson Electric Co | +0.1% | -9.67% | 減碼 |
| 15 | BLK | Blackrock Inc | +0.1% | +1.98% | 減碼 |
| 16 | VWO | Vanguard Ftse Emerging Marke | +0.1% | +72.85% | 加碼 |
| 17 | PWR | Quanta Services Inc | +0.1% | +11.48% | 加碼 |
| 18 | ROST | Ross Stores Inc | 0% | -1.33% | 減碼 |
| 19 | ELF | Elf Beauty Inc | 0% | -14.36% | 加碼 |
| 20 | CSCO | Cisco Systems Inc | 0% | -4.83% | 減碼 |
| 21 | EQR | Equity Residential | -0.1% | -64.97% | 減碼 |
| 22 | WELL | Welltower Inc | -0.1% | -70.34% | 減碼 |
| 23 | DOC | Healthpeak Properties Inc | -0.1% | -68.45% | 減碼 |
| 24 | VTR | Ventas Inc | -0.1% | -69.48% | 減碼 |
| 25 | AMGN | Amgen Inc | -0.1% | +7.82% | 加碼 |
| 26 | MRK | Merck & Co. Inc. | -0.2% | +0.08% | 加碼 |
| 27 | FTNT | Fortinet Inc | -0.2% | +3.04% | 加碼 |
| 28 | PLD | Prologis Inc | -0.2% | -7.50% | 減碼 |
| 29 | AMT | American Tower CORP | -0.3% | +11.24% | 加碼 |
| 30 | COST | Costco Wholesale CORP | -0.3% | -1.42% | 減碼 |
| 31 | CMG | Chipotle Mexican Grill Inc | -0.4% | +1.08% | 加碼 |
| 32 | CME | Cme Group Inc | -0.4% | +10.88% | 減碼 |
| 33 | MS | Morgan Stanley | -0.4% | -88.35% | 減碼 |
| 34 | ZTS | Zoetis Inc | -0.5% | +2.38% | 加碼 |
| 35 | DE | Deere & Co | -0.6% | -3.39% | 減碼 |
| 36 | CL | Colgate-palmolive Co | -0.6% | +2.53% | 加碼 |
| 37 | AAPL | Apple Inc | -0.7% | +3.84% | 減碼 |
| 38 | TMO | Thermo Fisher Scientific Inc | -0.8% | +4.61% | 減碼 |
| 39 | OTIS | Otis Worldwide CORP | -0.9% | +0.82% | 減碼 |
| 40 | LLY | Eli Lilly & Co | -1% | -40.98% | 減碼 |
| 41 | TTEK | Tetra Tech Inc | -1.3% | -91.25% | 減碼 |
| 42 | UNH | Unitedhealth Group Inc | -2.7% | -76.99% | 減碼 |
| 43 | TSM | Taiwan Semiconductor-sp Adr | — | EXIT | 清倉 |
| 44 | MRSH | Marsh & Mclennan Cos | — | NEW | 新建倉 |
| 45 | UBER | Uber Technologies Inc | — | NEW | 新建倉 |
| 46 | TXN | Texas Instruments Inc | — | EXIT | 清倉 |
| 47 | OXY | Occidental Petroleum CORP | — | EXIT | 清倉 |
| 48 | EQIX | Equinix Inc | — | EXIT | 清倉 |
| 49 | NKE | Nike Inc -cl B | — | EXIT | 清倉 |
| 50 | ESS | Essex Property Trust Inc | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Sarasin & Partners LLP 在 Q3 2025 季度的美股持倉總市值約為 US$85.4億，共申報了 74 個公開持股部位。
在 Q3 2025 季度，Sarasin & Partners LLP 按市值排列的前三大核心持股分別為：MSFT (10.0%)、NVDA (8.1%)、AMZN (5.6%)。其中最大持股部位 MSFT 佔據整體投資組合約 10.0% 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。
本季最大新建倉標的
MRSH
市值: US$1.9億
本季最大獲利了結 / 清倉標的
TSM
前期市值: US$2.4億
在 Q3 2025 季度中，Sarasin & Partners LLP 共進行了 50 項持倉異動，包含新建倉 2 個部位、加碼 19 個部位、減碼 23 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。