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: 0001477872
申報總市值
US$18.3億
US$18.3億
44 檔
38.2%
根據最新整理的 13F 季度數據集，Saratoga Research & Investment Management 於 Q4 2024 結束時的管理資產規模為 US$18.3億。該機構在本季度申報了 44 檔美股持倉，呈現出該時期的主要投資地圖。
Saratoga Research & Investment Management 在 Q4 2024 的調整主要集中於風險出清，清倉與減碼部位合計達 36 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 GOOGL, DIS, MSFT）占據了總市值的 38.2%，展現出該機構在 Q4 2024 的重點資金聚焦與風險分佈特徵。
| # | 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 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 8.02% | -0.21% | -9.98% | |
| 2 | DIS | Walt Disney Co/the | 股票-通訊服務 | 7.57% | -0.46% | -12.26% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 6.66% | -0.93% | -12.81% | |
| 4 | RTX | Rtx CORP | 股票-工業 | 6.58% | -0.31% | -22.75% | |
| 5 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 6.37% | -0.34% | -14.68% | |
| 6 | UL | Unilever PLC | 股票-非循環性消費 | 6.37% | — | -14.60% | |
| 7 | ORCL | Oracle CORP | 股票-科技 | 5.62% | — | -16.50% | |
| 8 | MDT | Medtronic plc | 股票-醫療保健 | 4.55% | -0.63% | -16.65% | |
| 9 | AAPL | Apple Inc | 股票-科技 | 3.97% | -0.02% | -5.44% | |
| 10 | RHHBY | Roche Holdings Ltd-spons Adr | 股票-其他 | 3.83% | -0.30% | -6.51% | |
| 11 | JNJ | Johnson & Johnson | 股票-醫療保健 | 3.80% | -0.84% | -2.27% | |
| 12 | GD | General Dynamics CORP | 股票-工業 | 3.10% | -0.28% | -3.46% | |
| 13 | NVO | Novo-nordisk A/s-spons Adr | 股票-醫療保健 | 3.04% | +1.32% | -1.11% | |
| 14 | V | Visa Inc-class A Shares | 股票-金融 | 2.80% | +0.09% | -4.79% | |
| 15 | ACN | Accenture plc | 股票-科技 | 2.76% | -1.48% | -5.00% | |
| 16 | NKE | Nike Inc -cl B | 股票-循環性消費 | 2.51% | -0.35% | EXIT | |
| 17 | CHRW | C.h. Robinson Worldwide Inc | 股票-工業 | 2.47% | +0.05% | -8.13% | |
| 18 | SBUX | Starbucks CORP | 股票-循環性消費 | 2.44% | +0.09% | -3.33% | |
| 19 | DEO | Diageo Plc-sponsored Adr | 股票-非循環性消費 | 2.14% | -0.01% | -9.14% | |
| 20 | WMT | Walmart Inc | 股票-非循環性消費 | 2.13% | — | -4.30% | |
| 21 | HD | Home Depot Inc | 股票-循環性消費 | 2.08% | -0.02% | -28.74% | |
| 22 | ASML | ASML Holding N.V. | 股票-科技 | 1.90% | +1.66% | +4941.84% | |
| 23 | ADBE | Adobe Inc | 股票-科技 | 1.62% | -0.03% | EXIT | |
| 24 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 1.41% | -0.23% | -2.27% | |
| 25 | PEP | Pepsico Inc | 股票-非循環性消費 | 1.27% | -0.31% | -5.95% | |
| 26 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.22% | +1.10% | — | |
| 27 | BIL | Ss Spdr Bb 1-3m T-bill ETF | ETF-政府公債 | 1.18% | -0.04% | +5.89% | |
| 28 | BDX | Becton Dickinson And Co | 股票-醫療保健 | 0.87% | — | -5.25% | |
| 29 | CL | Colgate-palmolive Co | 股票-非循環性消費 | 0.58% | -0.04% | -6.28% | |
| 30 | JQUA | Jpmorgan US Quality Factor | ETF-其他 | 0.38% | +0.07% | — | |
| 31 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.29% | — | -2.36% | |
| 32 | CSCO | Cisco Systems Inc | 股票-科技 | 0.10% | -0.02% | -93.04% | |
| 33 | HON | Honeywell International Inc | 股票-工業 | 0.10% | -2.13% | EXIT | |
| 34 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.08% | — | -37.39% | |
| 35 | AMGN | Amgen Inc | 股票-醫療保健 | 0.03% | -0.01% | -8.23% | |
| 36 | IBM | Intl Business Machines CORP | 股票-科技 | 0.03% | — | -7.75% | |
| 37 | CTSH | Cognizant Tech Solutions-a | 股票-科技 | 0.03% | — | -0.67% | |
| 38 | SYY | Sysco CORP | 股票-非循環性消費 | 0.03% | -0.03% | EXIT | |
| 39 | PAYX | Paychex Inc | 股票-科技 | 0.03% | — | -17.61% | |
| 40 | AMZN | Amazon.com Inc | 股票-循環性消費 | 0.02% | +0.01% | — | |
| 41 | LMT | Lockheed Martin CORP | 股票-工業 | 0.02% | — | -14.72% | |
| 42 | TROW | T Rowe Price Group Inc | 股票-金融 | 0.02% | — | +9.18% | |
| 43 | BIIB | Biogen Inc | 股票-醫療保健 | 0.01% | — | -99.04% | |
| 44 | UBFO | United Security Bancshare/ca | 股票-其他 | 0.01% | -0.01% | EXIT |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | ASML | ASML Holding N.V. | +1.9% | +4941.84% | 加碼 |
| 2 | GOOGL | Alphabet Inc-cl A | +1.3% | -9.98% | 減碼 |
| 3 | LLY | Eli Lilly & Co | +1.2% | NEW | 新建倉 |
| 4 | DIS | Walt Disney Co/the | +1.1% | -12.26% | 減碼 |
| 5 | V | Visa Inc-class A Shares | +0.6% | -4.79% | 減碼 |
| 6 | AAPL | Apple Inc | +0.6% | -5.44% | 減碼 |
| 7 | WMT | Walmart Inc | +0.4% | -4.30% | 減碼 |
| 8 | JQUA | Jpmorgan US Quality Factor | +0.4% | NEW | 新建倉 |
| 9 | ACN | Accenture plc | +0.2% | -5.00% | 減碼 |
| 10 | BIL | Ss Spdr Bb 1-3m T-bill ETF | +0.2% | +5.89% | 加碼 |
| 11 | PG | Procter & Gamble Co/the | +0.1% | -2.27% | 減碼 |
| 12 | SBUX | Starbucks CORP | +0.1% | -3.33% | 減碼 |
| 13 | HON | Honeywell International Inc | +0.1% | NEW | 新建倉 |
| 14 | JNJ | Johnson & Johnson | 0% | -2.27% | 減碼 |
| 15 | BDX | Becton Dickinson And Co | 0% | -5.25% | 減碼 |
| 16 | TROW | T Rowe Price Group Inc | 0% | +9.18% | 加碼 |
| 17 | UBFO | United Security Bancshare/ca | 0% | — | 不變 |
| 18 | LMT | Lockheed Martin CORP | — | -14.72% | 減碼 |
| 19 | PAYX | Paychex Inc | — | -17.61% | 減碼 |
| 20 | AMZN | Amazon.com Inc | — | — | 不變 |
| 21 | IBM | Intl Business Machines CORP | — | -7.75% | 減碼 |
| 22 | SYY | Sysco CORP | — | -0.56% | 減碼 |
| 23 | CTSH | Cognizant Tech Solutions-a | — | -0.67% | 減碼 |
| 24 | KO | Coca-cola Co/the | 0% | -2.36% | 減碼 |
| 25 | GOOG | Alphabet Inc-cl C | 0% | -37.39% | 減碼 |
| 26 | AMGN | Amgen Inc | 0% | -8.23% | 減碼 |
| 27 | CHRW | C.h. Robinson Worldwide Inc | 0% | -8.13% | 減碼 |
| 28 | CL | Colgate-palmolive Co | 0% | -6.28% | 減碼 |
| 29 | PEP | Pepsico Inc | -0.1% | -5.95% | 減碼 |
| 30 | GD | General Dynamics CORP | -0.1% | -3.46% | 減碼 |
| 31 | ADBE | Adobe Inc | -0.1% | -4.45% | 減碼 |
| 32 | MSFT | Microsoft CORP | -0.1% | -12.81% | 減碼 |
| 33 | DEO | Diageo Plc-sponsored Adr | -0.1% | -9.14% | 減碼 |
| 34 | BRK-B | Berkshire Hathaway Inc-cl B | -0.2% | -14.68% | 減碼 |
| 35 | RHHBY | Roche Holdings Ltd-spons Adr | -0.2% | -6.51% | 減碼 |
| 36 | NKE | Nike Inc -cl B | -0.2% | -7.37% | 減碼 |
| 37 | ORCL | Oracle CORP | -0.4% | -16.50% | 減碼 |
| 38 | HD | Home Depot Inc | -0.6% | -28.74% | 減碼 |
| 39 | NVO | Novo-nordisk A/s-spons Adr | -0.7% | -1.11% | 減碼 |
| 40 | MDT | Medtronic plc | -0.8% | -16.65% | 減碼 |
| 41 | UL | Unilever PLC | -1.1% | -14.60% | 減碼 |
| 42 | CSCO | Cisco Systems Inc | -1.1% | -93.04% | 減碼 |
| 43 | RTX | Rtx CORP | -1.2% | -22.75% | 減碼 |
| 44 | BIIB | Biogen Inc | -1.3% | -99.04% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Saratoga Research & Investment Management 在 Q4 2024 季度的美股持倉總市值約為 US$18.3億，共申報了 44 個公開持股部位。
在 Q4 2024 季度，Saratoga Research & Investment Management 按市值排列的前三大核心持股分別為：GOOGL (8.0%)、DIS (7.6%)、MSFT (6.7%)。其中最大持股部位 GOOGL 佔據整體投資組合約 8.0% 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
LLY
市值: US$2416.9萬
本季最大獲利了結 / 清倉標的
RTX
前期市值: US$1.8億
在 Q4 2024 季度中，Saratoga Research & Investment Management 共進行了 42 項持倉異動，包含新建倉 3 個部位、加碼 3 個部位、減碼 36 個部位以及清倉 0 個部位。 其中最大新建倉標的為 LLY。
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。