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: 0001696494
申報總市值
US$4.1億
US$4.1億
76 檔
33.1%
在 Q4 2025 的 13F 官方備案中，Sicart Associates LLC 管理的美股投資組合規模來到 US$4.1億，整體持股檔數為 76 檔。
從 Q4 2025 申報觀察，Sicart Associates LLC 採取防禦導向的調倉策略，本季減碼 28 檔個股並出清 0 檔部位，顯示機構在該時期進行風險控制與流動性回收。
在資產配置集中度方面，Sicart Associates LLC 的前 5 大核心持股（包含 BIL, GLD, GH 等）合計佔整體申報市值的 33.1%，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 | BIL | Ss Spdr Bb 1-3m T-bill ETF | ETF-政府公債 | 10.66% | -0.91% | +1.85% | |
| 2 | GLD | Spdr Gold Shares | ETF-避險與商品 | 9.43% | -2.00% | -0.17% | |
| 3 | GH | Guardant Health Inc | 股票-醫療保健 | 6.18% | +3.03% | -0.82% | |
| 4 | TSLA | Tesla Inc | 股票-循環性消費 | 5.23% | +1.00% | +0.73% | |
| 5 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 4.39% | +0.22% | — | |
| 6 | IONS | Ionis Pharmaceuticals Inc | 股票-醫療保健 | 3.43% | +0.04% | -0.46% | |
| 7 | ABNB | Airbnb Inc-class A | 股票-循環性消費 | 3.37% | +0.23% | -0.23% | |
| 8 | IEF | Ishares 7-10 Year Treasury B | ETF-政府公債 | 3.03% | -0.16% | +1.56% | |
| 9 | ILMN | Illumina Inc | 股票-醫療保健 | 2.86% | +0.96% | -1.14% | |
| 10 | NFLX | Netflix Inc | 股票-通訊服務 | 2.85% | -0.92% | +580.01% | |
| 11 | TLT | Ishares 20+ Year Treasury Bd | ETF-政府公債 | 2.83% | -0.15% | -22.94% | |
| 12 | WFC | Wells Fargo & Co | 股票-金融 | 2.77% | -0.06% | -0.15% | |
| 13 | TRGP | Targa Resources CORP | 股票-能源 | 2.60% | +0.06% | -0.09% | |
| 14 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.55% | -0.14% | -0.10% | |
| 15 | SYY | Sysco CORP | 股票-非循環性消費 | 2.16% | +0.24% | -0.18% | |
| 16 | ADBE | Adobe Inc | 股票-科技 | 1.93% | -0.48% | -8.99% | |
| 17 | SLB | Slb LTD | 股票-能源 | 1.89% | -0.34% | -2.60% | |
| 18 | MDT | Medtronic plc | 股票-醫療保健 | 1.85% | -0.24% | -0.19% | |
| 19 | BG | Bunge Global SA | 股票-非循環性消費 | 1.83% | -1.00% | -0.32% | |
| 20 | MP | Mp Materials CORP | 股票-原物料 | 1.81% | +2.13% | -28.10% | |
| 21 | ALB | Albemarle CORP | 股票-原物料 | 1.76% | -0.71% | -6.78% | |
| 22 | XYZ | Block Inc | 股票-金融 | 1.71% | +0.34% | -9.15% | |
| 23 | FSM | Fortuna Mining CORP | 股票-其他 | 1.69% | +0.78% | +1.96% | |
| 24 | MGK | Vanguard Mega Cap Growth ETF | ETF-其他 | 1.63% | +0.23% | +0.34% | |
| 25 | DIS | Walt Disney Co/the | 股票-通訊服務 | 1.56% | -0.08% | -2.04% | |
| 26 | FDX | Fedex CORP | 股票-工業 | 1.52% | -1.13% | -0.16% | |
| 27 | REGN | Regeneron Pharmaceuticals | 股票-醫療保健 | 1.43% | -0.32% | -0.29% | |
| 28 | NTR | Nutrien LTD | 股票-原物料 | 1.32% | -0.32% | -0.31% | |
| 29 | AAPL | Apple Inc | 股票-科技 | 1.18% | — | — | |
| 30 | KHC | Kraft Heinz Co/the | 股票-非循環性消費 | 0.94% | -0.63% | EXIT | |
| 31 | GLW | Corning Inc | 股票-科技 | 0.90% | +0.12% | -0.19% | |
| 32 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.86% | +0.01% | — | |
| 33 | NKE | Nike Inc -cl B | 股票-循環性消費 | 0.81% | -0.17% | -3.39% | |
| 34 | VXUS | Vanguard Total Intl Stock | ETF-其他 | 0.79% | +0.04% | — | |
| 35 | T | At&t Inc | 股票-通訊服務 | 0.76% | -0.32% | — | |
| 36 | LULU | Lululemon Athletica Inc | 股票-循環性消費 | 0.67% | -0.14% | — | |
| 37 | PSLV | Sprott Physical Silver Trust | 股票-其他 | 0.61% | -0.16% | — | |
| 38 | MOS | Mosaic Co/the | 股票-原物料 | 0.60% | -0.13% | -14.83% | |
| 39 | SLV | Ishares Silver Trust | ETF-避險與商品 | 0.50% | -0.32% | -2.32% | |
| 40 | SBUX | Starbucks CORP | 股票-循環性消費 | 0.44% | +0.04% | — | |
| 41 | CLX | Clorox Company | 股票-非循環性消費 | 0.41% | -0.38% | EXIT | |
| 42 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.38% | +0.24% | +20.21% | |
| 43 | PDD | Pdd Holdings Inc | 股票-循環性消費 | 0.35% | -0.11% | +8.70% | |
| 44 | LOW | Lowe's Cos Inc | 股票-循環性消費 | 0.30% | -0.03% | — | |
| 45 | CGON | Cg Oncology Inc | 股票-其他 | 0.28% | — | — | |
| 46 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.26% | -0.07% | — | |
| 47 | AMZN | Amazon.com Inc | 股票-循環性消費 | 0.17% | +0.01% | — | |
| 48 | WMT | Walmart Inc | 股票-非循環性消費 | 0.16% | -0.03% | — | |
| 49 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.16% | — | — | |
| 50 | BNY | Bank Of New York Mellon CORP | 股票-金融 | 0.15% | +0.03% | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | GH | Guardant Health Inc | +2.3% | -0.82% | 減碼 |
| 2 | GOOGL | Alphabet Inc-cl A | +0.9% | — | 不變 |
| 3 | GLD | Spdr Gold Shares | +0.8% | -0.17% | 減碼 |
| 4 | ILMN | Illumina Inc | +0.7% | -1.14% | 減碼 |
| 5 | ALB | Albemarle CORP | +0.7% | -6.78% | 減碼 |
| 6 | IONS | Ionis Pharmaceuticals Inc | +0.5% | -0.46% | 減碼 |
| 7 | REGN | Regeneron Pharmaceuticals | +0.4% | -0.29% | 減碼 |
| 8 | ABNB | Airbnb Inc-class A | +0.3% | -0.23% | 減碼 |
| 9 | FDX | Fedex CORP | +0.3% | -0.16% | 減碼 |
| 10 | WFC | Wells Fargo & Co | +0.2% | -0.15% | 減碼 |
| 11 | TRGP | Targa Resources CORP | +0.2% | -0.09% | 減碼 |
| 12 | PSLV | Sprott Physical Silver Trust | +0.2% | — | 不變 |
| 13 | FSM | Fortuna Mining CORP | +0.2% | +1.96% | 加碼 |
| 14 | SLV | Ishares Silver Trust | +0.2% | -2.32% | 減碼 |
| 15 | BG | Bunge Global SA | +0.1% | -0.32% | 減碼 |
| 16 | SLB | Slb LTD | +0.1% | -2.60% | 減碼 |
| 17 | BRK-B | Berkshire Hathaway Inc-cl B | +0.1% | +20.21% | 加碼 |
| 18 | AAPL | Apple Inc | +0.1% | — | 不變 |
| 19 | GLW | Corning Inc | 0% | -0.19% | 減碼 |
| 20 | NTR | Nutrien LTD | 0% | -0.31% | 減碼 |
| 21 | KO | Coca-cola Co/the | 0% | — | 不變 |
| 22 | GOOG | Alphabet Inc-cl C | 0% | — | 不變 |
| 23 | MGK | Vanguard Mega Cap Growth ETF | 0% | +0.34% | 加碼 |
| 24 | VXUS | Vanguard Total Intl Stock | 0% | — | 不變 |
| 25 | JNJ | Johnson & Johnson | 0% | — | 不變 |
| 26 | WMT | Walmart Inc | — | — | 不變 |
| 27 | TSLA | Tesla Inc | 0% | +0.73% | 加碼 |
| 28 | IEF | Ishares 7-10 Year Treasury B | 0% | +1.56% | 加碼 |
| 29 | LOW | Lowe's Cos Inc | 0% | — | 不變 |
| 30 | PG | Procter & Gamble Co/the | 0% | — | 不變 |
| 31 | PDD | Pdd Holdings Inc | 0% | +8.70% | 加碼 |
| 32 | MDT | Medtronic plc | 0% | -0.19% | 減碼 |
| 33 | BIL | Ss Spdr Bb 1-3m T-bill ETF | -0.1% | +1.85% | 加碼 |
| 34 | DIS | Walt Disney Co/the | -0.1% | -2.04% | 減碼 |
| 35 | T | At&t Inc | -0.1% | — | 不變 |
| 36 | NKE | Nike Inc -cl B | -0.1% | -3.39% | 減碼 |
| 37 | ADBE | Adobe Inc | -0.3% | -8.99% | 減碼 |
| 38 | SYY | Sysco CORP | -0.3% | -0.18% | 減碼 |
| 39 | CLX | Clorox Company | -0.3% | -31.95% | 減碼 |
| 40 | META | Meta Platforms Inc-class A | -0.4% | -0.10% | 減碼 |
| 41 | CPB | THE Campbell's Company | -0.4% | -72.61% | 減碼 |
| 42 | XYZ | Block Inc | -0.4% | -9.15% | 減碼 |
| 43 | MOS | Mosaic Co/the | -0.4% | -14.83% | 減碼 |
| 44 | KHC | Kraft Heinz Co/the | -0.7% | -36.63% | 減碼 |
| 45 | TLT | Ishares 20+ Year Treasury Bd | -1% | -22.94% | 減碼 |
| 46 | MP | Mp Materials CORP | -1.6% | -28.10% | 減碼 |
| 47 | NFLX | Netflix Inc | -2.6% | +580.01% | 加碼 |
| 48 | LULU | Lululemon Athletica Inc | — | NEW | 新建倉 |
| 49 | PTCT | Ptc Therapeutics Inc | — | NEW | 新建倉 |
| 50 | GDX | Vaneck Gold Miners ETF | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Sicart Associates LLC 在 Q4 2025 季度的美股持倉總市值約為 US$4.1億，共申報了 76 個公開持股部位。
在 Q4 2025 季度，Sicart Associates LLC 按市值排列的前三大核心持股分別為：BIL (10.7%)、GLD (9.4%)、GH (6.2%)。其中最大持股部位 BIL 佔據整體投資組合約 10.7% 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
LULU
市值: US$254.1萬
本季最大獲利了結 / 清倉標的
GLD
前期市值: US$3193.0萬
在 Q4 2025 季度中，Sicart Associates LLC 共進行了 39 項持倉異動，包含新建倉 3 個部位、加碼 8 個部位、減碼 28 個部位以及清倉 0 個部位。 其中最大新建倉標的為 LULU。
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。