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: 0001105467
申報總市值
US$7.6億
US$7.6億
187 檔
25.2%
在 Q4 2025 的 13F 官方備案中，Sawgrass Asset Management LLC 管理的美股投資組合規模來到 US$7.6億，整體持股檔數為 187 檔。
數據顯示 Sawgrass Asset Management LLC 於 Q4 2025 季度持續回收資金，對 23 個既有部位進行裁減並清倉 6 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，Sawgrass Asset Management LLC 的前 5 大核心持股（包含 MSFT, AAPL, NVDA 等）合計佔整體申報市值的 25.2%，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 | 5.84% | -0.68% | +1.19% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 5.37% | -0.14% | -6.00% | |
| 3 | NVDA | Nvidia CORP | 股票-科技 | 4.46% | +0.42% | -4.85% | |
| 4 | AMZN | Amazon.com Inc | 股票-循環性消費 | 4.24% | -0.08% | -4.76% | |
| 5 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 3.98% | -0.04% | -9.42% | |
| 6 | AVGO | Broadcom Inc | 股票-科技 | 3.74% | +0.17% | -21.66% | |
| 7 | SCHX | Schwab US Large-cap ETF | ETF-其他 | 3.51% | +0.01% | -2.97% | |
| 8 | LLY | Eli Lilly & Co | 股票-醫療保健 | 2.46% | +0.29% | -4.97% | |
| 9 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.45% | -0.73% | -4.40% | |
| 10 | VONE | Vanguard Russell 1000 | ETF-其他 | 1.90% | — | — | |
| 11 | AZO | Autozone Inc | 股票-循環性消費 | 1.72% | -0.39% | +68.10% | |
| 12 | INCY | Incyte CORP | 股票-醫療保健 | 1.70% | +0.39% | +38.68% | |
| 13 | EXEL | Exelixis Inc | 股票-醫療保健 | 1.65% | +0.47% | +21.99% | |
| 14 | UTHR | United Therapeutics CORP | 股票-醫療保健 | 1.57% | -0.35% | -5.43% | |
| 15 | MA | Mastercard Inc - A | 股票-金融 | 1.57% | -1.60% | EXIT | |
| 16 | CME | Cme Group Inc | 股票-金融 | 1.49% | -0.63% | +39.13% | |
| 17 | KDP | Keurig Dr Pepper Inc | 股票-非循環性消費 | 1.42% | +0.13% | +23.89% | |
| 18 | FTNT | Fortinet Inc | 股票-科技 | 1.37% | -0.25% | -5.65% | |
| 19 | CBOE | Cboe Global Markets Inc | 股票-金融 | 1.35% | -0.43% | -5.50% | |
| 20 | VB | Vanguard Small-cap ETF | ETF-其他 | 1.31% | +0.01% | +16.86% | |
| 21 | VRSN | Verisign Inc | 股票-科技 | 1.30% | -0.18% | +42.05% | |
| 22 | IEFA | Ishares Core Msci Eafe ETF | ETF-其他 | 1.29% | -0.03% | EXIT | |
| 23 | DHR | Danaher CORP | 股票-醫療保健 | 1.26% | +0.20% | +42.99% | |
| 24 | VRSK | Verisk Analytics Inc | 股票-工業 | 1.20% | -0.68% | EXIT | |
| 25 | IWR | Ishares Russell Mid-cap ETF | ETF-其他 | 1.14% | — | — | |
| 26 | AMD | Advanced Micro Devices | 股票-科技 | 1.12% | +1.86% | -37.30% | |
| 27 | UNP | Union Pacific CORP | 股票-工業 | 1.11% | -0.03% | -5.08% | |
| 28 | APH | Amphenol Corp-cl A | 股票-科技 | 1.09% | +0.27% | +1290.94% | |
| 29 | AMAT | Applied Materials Inc | 股票-科技 | 1.09% | +0.99% | -28.68% | |
| 30 | CRM | Salesforce Inc | 股票-科技 | 1.08% | — | -18.83% | |
| 31 | VO | Vanguard Mid-cap ETF | ETF-其他 | 1.05% | -0.01% | +5.08% | |
| 32 | AME | Ametek Inc | 股票-工業 | 1.04% | -0.01% | -5.34% | |
| 33 | CSCO | Cisco Systems Inc | 股票-科技 | 1.02% | +0.08% | -45.04% | |
| 34 | CDNS | Cadence Design Sys Inc | 股票-科技 | 1.02% | +0.19% | -5.29% | |
| 35 | NOW | Servicenow Inc | 股票-科技 | 1.02% | -0.03% | +203.96% | |
| 36 | KLAC | Kla CORP | 股票-科技 | 1.00% | +1.14% | — | |
| 37 | WDAY | Workday Inc-class A | 股票-科技 | 0.97% | — | -17.58% | |
| 38 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.97% | -0.14% | +580.93% | |
| 39 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.92% | -0.27% | -5.07% | |
| 40 | ZTS | Zoetis Inc | 股票-醫療保健 | 0.91% | -1.32% | EXIT | |
| 41 | VV | Vanguard Large-cap ETF | ETF-其他 | 0.90% | — | — | |
| 42 | CMCSA | Comcast Corp-class A | 股票-通訊服務 | 0.89% | -1.00% | EXIT | |
| 43 | ANET | Arista Networks Inc | 股票-科技 | 0.86% | +0.20% | -43.12% | |
| 44 | IEX | Idex CORP | 股票-工業 | 0.86% | — | +60.08% | |
| 45 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.83% | +0.05% | — | |
| 46 | CPRT | Copart Inc | 股票-工業 | 0.82% | -0.81% | EXIT | |
| 47 | HEI | Heico CORP | 股票-工業 | 0.78% | +0.69% | -5.30% | |
| 48 | BRO | Brown & Brown Inc | 股票-金融 | 0.71% | -0.68% | EXIT | |
| 49 | QCOM | Qualcomm Inc | 股票-科技 | 0.70% | +0.03% | — | |
| 50 | TXN | Texas Instruments Inc | 股票-科技 | 0.69% | — | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | APH | Amphenol Corp-cl A | +1% | +1290.94% | 加碼 |
| 2 | PG | Procter & Gamble Co/the | +0.8% | +580.93% | 加碼 |
| 3 | INCY | Incyte CORP | +0.7% | +38.68% | 加碼 |
| 4 | LLY | Eli Lilly & Co | +0.7% | -4.97% | 減碼 |
| 5 | GOOGL | Alphabet Inc-cl A | +0.6% | -9.42% | 減碼 |
| 6 | DHR | Danaher CORP | +0.5% | +42.99% | 加碼 |
| 7 | CME | Cme Group Inc | +0.4% | +39.13% | 加碼 |
| 8 | AZO | Autozone Inc | +0.4% | +68.10% | 加碼 |
| 9 | KDP | Keurig Dr Pepper Inc | +0.4% | +23.89% | 加碼 |
| 10 | EXEL | Exelixis Inc | +0.4% | +21.99% | 加碼 |
| 11 | IEX | Idex CORP | +0.4% | +60.08% | 加碼 |
| 12 | VRSN | Verisign Inc | +0.3% | +42.05% | 加碼 |
| 13 | VB | Vanguard Small-cap ETF | +0.2% | +16.86% | 加碼 |
| 14 | GOOG | Alphabet Inc-cl C | +0.2% | — | 不變 |
| 15 | UTHR | United Therapeutics CORP | +0.2% | -5.43% | 減碼 |
| 16 | BSCY | Invesco Bulletshares 2034 Cb | +0.1% | +194.31% | 加碼 |
| 17 | UNP | Union Pacific CORP | -0.1% | -5.08% | 減碼 |
| 18 | MA | Mastercard Inc - A | -0.1% | -5.32% | 減碼 |
| 19 | CRM | Salesforce Inc | -0.1% | -18.83% | 減碼 |
| 20 | AMAT | Applied Materials Inc | -0.1% | -28.68% | 減碼 |
| 21 | FTNT | Fortinet Inc | -0.1% | -5.65% | 減碼 |
| 22 | CPRT | Copart Inc | -0.2% | -5.22% | 減碼 |
| 23 | NVDA | Nvidia CORP | -0.2% | -4.85% | 減碼 |
| 24 | ORCL | Oracle CORP | -0.2% | -0.99% | 減碼 |
| 25 | CDNS | Cadence Design Sys Inc | -0.2% | -5.29% | 減碼 |
| 26 | VOT | Vanguard Mid-cap Growth ETF | -0.2% | -55.95% | 減碼 |
| 27 | AMD | Advanced Micro Devices | -0.2% | -37.30% | 減碼 |
| 28 | MSFT | Microsoft CORP | -0.3% | +1.19% | 加碼 |
| 29 | WDAY | Workday Inc-class A | -0.3% | -17.58% | 減碼 |
| 30 | META | Meta Platforms Inc-class A | -0.4% | -4.40% | 減碼 |
| 31 | ZTS | Zoetis Inc | -0.4% | -20.77% | 減碼 |
| 32 | CSCO | Cisco Systems Inc | -0.6% | -45.04% | 減碼 |
| 33 | NFLX | Netflix Inc | -0.6% | +475.38% | 加碼 |
| 34 | TMO | Thermo Fisher Scientific Inc | -0.6% | -73.96% | 減碼 |
| 35 | TJX | Tjx Companies Inc | -0.7% | -87.30% | 減碼 |
| 36 | AVGO | Broadcom Inc | -0.8% | -21.66% | 減碼 |
| 37 | ANET | Arista Networks Inc | -0.8% | -43.12% | 減碼 |
| 38 | NOW | Servicenow Inc | -1% | +203.96% | 加碼 |
| 39 | EA | Electronic Arts Inc | -1.5% | -97.24% | 減碼 |
| 40 | VRSK | Verisk Analytics Inc | — | NEW | 新建倉 |
| 41 | PCTY | Paylocity Holding CORP | — | EXIT | 清倉 |
| 42 | KLAC | Kla CORP | — | NEW | 新建倉 |
| 43 | CMCSA | Comcast Corp-class A | — | NEW | 新建倉 |
| 44 | FICO | Fair Isaac CORP | — | EXIT | 清倉 |
| 45 | QCOM | Qualcomm Inc | — | NEW | 新建倉 |
| 46 | TXN | Texas Instruments Inc | — | NEW | 新建倉 |
| 47 | KMB | Kimberly-clark CORP | — | EXIT | 清倉 |
| 48 | VBK | Vanguard Small-cap Grwth ETF | — | EXIT | 清倉 |
| 49 | BSCP | Invesco Bulletshares 2025 Cb | — | EXIT | 清倉 |
| 50 | RSG | Republic Services Inc | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Sawgrass Asset Management LLC 在 Q4 2025 季度的美股持倉總市值約為 US$7.6億，共申報了 187 個公開持股部位。
在 Q4 2025 季度，Sawgrass Asset Management LLC 按市值排列的前三大核心持股分別為：MSFT (5.8%)、AAPL (5.4%)、NVDA (4.5%)。其中最大持股部位 MSFT 佔據整體投資組合約 5.8% 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
VRSK
市值: US$961.9萬
本季最大獲利了結 / 清倉標的
PCTY
前期市值: US$915.6萬
在 Q4 2025 季度中，Sawgrass Asset Management LLC 共進行了 49 項持倉異動，包含新建倉 5 個部位、加碼 15 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 VRSK。 本季清倉部位包含 PCTY。
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。