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: 0001316617
申報總市值
US$81.9億
US$81.9億
150 檔
33.6%
Saturna Capital CORP 在 Q4 2025 季度的美股部位總計估值為 US$81.9億，分散於 150 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 Saturna Capital CORP 於 Q4 2025 季度持續回收資金，對 78 個既有部位進行裁減並清倉 16 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，Saturna Capital CORP 的前 5 大核心持股（包含 TSM, LLY, AVGO 等）合計佔整體申報市值的 33.6%，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 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 8.23% | +0.41% | -4.60% | |
| 2 | LLY | Eli Lilly & Co | 股票-醫療保健 | 8.00% | -0.58% | -4.78% | |
| 3 | AVGO | Broadcom Inc | 股票-科技 | 7.02% | +0.32% | -0.15% | |
| 4 | MSFT | Microsoft CORP | 股票-科技 | 6.82% | +0.42% | -4.55% | |
| 5 | AAPL | Apple Inc | 股票-科技 | 6.44% | +0.32% | -0.66% | |
| 6 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 5.98% | +0.07% | -0.28% | |
| 7 | NVDA | Nvidia CORP | 股票-科技 | 5.51% | -0.02% | -0.32% | |
| 8 | ASML | ASML Holding N.V. | 股票-科技 | 4.54% | -0.86% | -0.43% | |
| 9 | JNJ | Johnson & Johnson | 股票-醫療保健 | 4.18% | -1.29% | -0.58% | |
| 10 | TJX | Tjx Companies Inc | 股票-循環性消費 | 2.50% | -0.40% | -0.16% | |
| 11 | ORCL | Oracle CORP | 股票-科技 | 2.44% | -0.10% | -0.36% | |
| 12 | ABBV | Abbvie Inc | 股票-醫療保健 | 2.36% | +0.55% | +4.16% | |
| 13 | TT | Trane Technologies plc | 股票-工業 | 2.08% | -0.12% | -0.57% | |
| 14 | AZNN | Astrazeneca Plc-spons Adr | 股票-其他 | 1.99% | — | +0.01% | |
| 15 | NOW | Servicenow Inc | 股票-科技 | 1.93% | +0.51% | +399.89% | |
| 16 | AZO | Autozone Inc | 股票-循環性消費 | 1.84% | -0.76% | -0.73% | |
| 17 | CSCO | Cisco Systems Inc | 股票-科技 | 1.78% | +0.81% | -0.15% | |
| 18 | TRMB | Trimble Inc | 股票-科技 | 1.75% | -1.54% | EXIT | |
| 19 | ROK | Rockwell Automation Inc | 股票-工業 | 1.56% | +0.30% | -0.01% | |
| 20 | SYK | Stryker CORP | 股票-醫療保健 | 1.48% | +0.47% | -0.04% | |
| 21 | NVO | Novo-nordisk A/s-spons Adr | 股票-醫療保健 | 1.40% | -0.85% | -0.10% | |
| 22 | LOW | Lowe's Cos Inc | 股票-循環性消費 | 1.34% | -0.15% | -1.54% | |
| 23 | CHD | Church & Dwight Co Inc | 股票-非循環性消費 | 1.32% | +0.05% | -0.45% | |
| 24 | AMD | Advanced Micro Devices | 股票-科技 | 1.20% | +1.86% | +59.39% | |
| 25 | GWW | Ww Grainger Inc | 股票-工業 | 1.10% | +0.11% | -0.01% | |
| 26 | ITW | Illinois Tool Works | 股票-工業 | 1.00% | -0.11% | -0.57% | |
| 27 | ETN | Eaton Corporation plc | 股票-工業 | 0.86% | -0.97% | -0.02% | |
| 28 | LECO | Lincoln Electric Holdings | 股票-工業 | 0.85% | +0.25% | -0.02% | |
| 29 | LIN | Linde plc | 股票-原物料 | 0.80% | -0.08% | +3.98% | |
| 30 | ADBE | Adobe Inc | 股票-科技 | 0.77% | -0.03% | EXIT | |
| 31 | FERG | Ferguson Enterprises Inc | 股票-工業 | 0.71% | +0.02% | +0.11% | |
| 32 | ABT | Abbott Laboratories | 股票-醫療保健 | 0.65% | -0.13% | -0.11% | |
| 33 | GPC | Genuine Parts Co | 股票-循環性消費 | 0.63% | -0.23% | -0.02% | |
| 34 | TXN | Texas Instruments Inc | 股票-科技 | 0.59% | +0.24% | -3.13% | |
| 35 | NVS | Novartis Ag-sponsored Adr | 股票-醫療保健 | 0.57% | -0.07% | -0.84% | |
| 36 | CNI | Canadian Natl Railway Co | 股票-工業 | 0.50% | — | -0.02% | |
| 37 | UL | Unilever Plc-sponsored Adr | 股票-非循環性消費 | 0.50% | +0.13% | — | |
| 38 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.50% | +0.10% | -0.65% | |
| 39 | WM | Waste Management Inc | 股票-工業 | 0.48% | +0.78% | +29.30% | |
| 40 | CL | Colgate-palmolive Co | 股票-非循環性消費 | 0.47% | -0.04% | -0.02% | |
| 41 | KMB | Kimberly-clark CORP | 股票-非循環性消費 | 0.40% | -0.01% | -0.09% | |
| 42 | UPS | United Parcel Service-cl B | 股票-工業 | 0.40% | +0.03% | -0.09% | |
| 43 | KVUE | Kenvue Inc | 股票-非循環性消費 | 0.38% | -0.02% | -2.43% | |
| 44 | APD | Air Products & Chemicals Inc | 股票-原物料 | 0.38% | +0.12% | +2.16% | |
| 45 | A | Agilent Technologies Inc | 股票-醫療保健 | 0.36% | — | -35.14% | |
| 46 | HD | Home Depot Inc | 股票-循環性消費 | 0.29% | +0.08% | +24.75% | |
| 47 | CRH | CRH plc | 股票-原物料 | 0.29% | +0.95% | +55.87% | |
| 48 | NKE | Nike Inc -cl B | 股票-循環性消費 | 0.25% | -0.07% | +92.99% | |
| 49 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.20% | +0.04% | -2.84% | |
| 50 | B | Barrick Mining CORP | 股票-原物料 | 0.12% | -0.02% | +0.33% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | LLY | Eli Lilly & Co | +2.2% | -4.78% | 減碼 |
| 2 | GOOGL | Alphabet Inc-cl A | +1.5% | -0.28% | 減碼 |
| 3 | AMD | Advanced Micro Devices | +0.7% | +59.39% | 加碼 |
| 4 | AAPL | Apple Inc | +0.5% | -0.66% | 減碼 |
| 5 | ASML | ASML Holding N.V. | +0.5% | -0.43% | 減碼 |
| 6 | TSM | Taiwan Semiconductor-sp Adr | +0.5% | -4.60% | 減碼 |
| 7 | AVGO | Broadcom Inc | +0.5% | -0.15% | 減碼 |
| 8 | JNJ | Johnson & Johnson | +0.4% | -0.58% | 減碼 |
| 9 | AZNN | Astrazeneca Plc-spons Adr | +0.4% | +0.01% | 加碼 |
| 10 | CSCO | Cisco Systems Inc | +0.2% | -0.15% | 減碼 |
| 11 | TJX | Tjx Companies Inc | +0.2% | -0.16% | 減碼 |
| 12 | ROK | Rockwell Automation Inc | +0.2% | -0.01% | 減碼 |
| 13 | NVDA | Nvidia CORP | +0.1% | -0.32% | 減碼 |
| 14 | CRH | CRH plc | +0.1% | +55.87% | 加碼 |
| 15 | WM | Waste Management Inc | +0.1% | +29.30% | 加碼 |
| 16 | ABBV | Abbvie Inc | +0.1% | +4.16% | 加碼 |
| 17 | NKE | Nike Inc -cl B | +0.1% | +92.99% | 加碼 |
| 18 | GWW | Ww Grainger Inc | +0.1% | -0.01% | 減碼 |
| 19 | UPS | United Parcel Service-cl B | +0.1% | -0.09% | 減碼 |
| 20 | JNJ | Johnson & Johnson | +0.1% | -0.65% | 減碼 |
| 21 | NVS | Novartis Ag-sponsored Adr | +0.1% | -0.84% | 減碼 |
| 22 | SQM | Quimica Y Minera Chil-sp Adr | 0% | +0.21% | 加碼 |
| 23 | MRK | Merck & Co. Inc. | 0% | -2.84% | 減碼 |
| 24 | B | Barrick Mining CORP | 0% | +0.33% | 加碼 |
| 25 | CNI | Canadian Natl Railway Co | 0% | -0.02% | 減碼 |
| 26 | LECO | Lincoln Electric Holdings | 0% | -0.02% | 減碼 |
| 27 | APH | Amphenol Corp-cl A | 0% | +60.96% | 加碼 |
| 28 | RIO | Rio Tinto Plc-spon Adr | 0% | +0.15% | 加碼 |
| 29 | HD | Home Depot Inc | 0% | +24.75% | 加碼 |
| 30 | KVUE | Kenvue Inc | 0% | -2.43% | 減碼 |
| 31 | FERG | Ferguson Enterprises Inc | 0% | +0.11% | 加碼 |
| 32 | SAP | Sap Se-sponsored Adr | 0% | +31.85% | 加碼 |
| 33 | CTVA | Corteva Inc | 0% | +49.24% | 加碼 |
| 34 | SCCO | Southern Copper CORP | 0% | -4.23% | 減碼 |
| 35 | AMZN | Amazon.com Inc | 0% | +5.12% | 加碼 |
| 36 | TLK | Telkom Indonesia Persero-adr | 0% | +19.07% | 加碼 |
| 37 | GSK | Gsk Plc-spon Adr | 0% | +41.22% | 加碼 |
| 38 | CL | Colgate-palmolive Co | 0% | -0.02% | 減碼 |
| 39 | RSG | Republic Services Inc | 0% | +26.07% | 加碼 |
| 40 | JBL | Jabil Inc | 0% | -0.20% | 減碼 |
| 41 | INFY | Infosys Ltd-sp Adr | 0% | -0.62% | 減碼 |
| 42 | FIX | Comfort Systems USA Inc | 0% | +0.45% | 加碼 |
| 43 | SAN | Banco Santander Sa-spon Adr | 0% | +48.90% | 加碼 |
| 44 | WELL | Welltower Inc | 0% | +1.27% | 加碼 |
| 45 | TYL | Tyler Technologies Inc | — | -36.06% | 減碼 |
| 46 | MSI | Motorola Solutions Inc | — | -3.85% | 減碼 |
| 47 | NEE | Nextera Energy Inc | — | +34.28% | 加碼 |
| 48 | DHR | Danaher CORP | — | +23.85% | 加碼 |
| 49 | TER | Teradyne Inc | — | +29.26% | 加碼 |
| 50 | FAST | Fastenal Co | — | -6.31% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Saturna Capital CORP 在 Q4 2025 季度的美股持倉總市值約為 US$81.9億，共申報了 150 個公開持股部位。
在 Q4 2025 季度，Saturna Capital CORP 按市值排列的前三大核心持股分別為：TSM (8.2%)、LLY (8.0%)、AVGO (7.0%)。其中最大持股部位 TSM 佔據整體投資組合約 8.2% 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
UL
市值: US$3764.1萬
本季最大獲利了結 / 清倉標的
KEYS
前期市值: US$1.5億
在 Q4 2025 季度中，Saturna Capital CORP 共進行了 142 項持倉異動，包含新建倉 9 個部位、加碼 39 個部位、減碼 78 個部位以及清倉 16 個部位。 其中最大新建倉標的為 UL。 本季清倉部位包含 KEYS。
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。