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: 0002021242
申報總市值
US$17.1億
US$17.1億
159 檔
16.8%
在 Q1 2025 申報期間，Sienna Gestion（CIK: 0002021242）向美國 SEC 提交的 Form 13F 報告顯示，其追蹤之股票投資組合總市值達 US$17.1億，共持有 159 個公開申報部位。
從 Q1 2025 申報觀察，Sienna Gestion 採取防禦導向的調倉策略，本季減碼 119 檔個股並出清 46 檔部位，顯示機構在該時期進行風險控制與流動性回收。
從部位權重觀察，前 5 大標的（包含 AAPL, MSFT, NVDA）累計市值佔比達 16.8%，是驅動 Sienna Gestion 該季度整體投資組合績效表現的核心支柱。
| # | 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 | AAPL | Apple Inc | 股票-科技 | 6.84% | -0.23% | -9.54% | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 5.74% | -0.76% | -10.67% | |
| 3 | NVDA | Nvidia CORP | 股票-科技 | 5.48% | -0.43% | -9.65% | |
| 4 | AMZN | Amazon.com Inc | 股票-循環性消費 | 3.47% | — | -9.82% | |
| 5 | AVGO | Broadcom Inc | 股票-科技 | 1.84% | +0.17% | -9.23% | |
| 6 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 1.82% | -0.14% | -5.59% | |
| 7 | HD | Home Depot Inc | 股票-循環性消費 | 1.82% | -0.08% | -8.96% | |
| 8 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.55% | +1.20% | NEW | |
| 9 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.55% | -0.07% | -5.62% | |
| 10 | ACN | Accenture plc | 股票-科技 | 1.55% | -0.27% | -9.55% | |
| 11 | CM | Can Imperial Bk Of Commerce | 股票-金融 | 1.29% | +0.12% | -8.77% | |
| 12 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 1.28% | +0.72% | NEW | |
| 13 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 1.22% | -0.07% | -9.92% | |
| 14 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.21% | +0.19% | -10.18% | |
| 15 | AMAT | Applied Materials Inc | 股票-科技 | 1.18% | +0.48% | -8.91% | |
| 16 | TD | Toronto-dominion Bank | 股票-金融 | 1.17% | -0.69% | EXIT | |
| 17 | INTU | Intuit Inc | 股票-科技 | 1.12% | -0.44% | -9.09% | |
| 18 | AXP | American Express Co | 股票-金融 | 1.06% | +0.03% | NEW | |
| 19 | BKR | Baker Hughes Co | 股票-能源 | 1.04% | -0.64% | EXIT | |
| 20 | AMP | Ameriprise Financial Inc | 股票-金融 | 1.03% | -0.17% | -10.49% | |
| 21 | XBKNX | Blackrock Invest Qlty Muni | 股票-其他 | 1.03% | — | — | |
| 22 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 1.01% | +0.37% | NEW | |
| 23 | CMI | Cummins Inc | 股票-工業 | 1.00% | -0.10% | EXIT | |
| 24 | CSCO | Cisco Systems Inc | 股票-科技 | 0.98% | -0.16% | -10.91% | |
| 25 | CRM | Salesforce Inc | 股票-科技 | 0.94% | -0.55% | -10.70% | |
| 26 | BR | Broadridge Financial Solutio | 股票-科技 | 0.92% | +0.06% | NEW | |
| 27 | CMCSA | Comcast Corp-class A | 股票-通訊服務 | 0.90% | -0.14% | -10.50% | |
| 28 | UBER | Uber Technologies Inc | 股票-工業 | 0.88% | -0.02% | -5.89% | |
| 29 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.88% | -0.21% | -6.13% | |
| 30 | V | Visa Inc-class A Shares | 股票-金融 | 0.87% | +0.58% | -6.13% | |
| 31 | FFIV | F5 Inc | 股票-科技 | 0.83% | -0.15% | -9.78% | |
| 32 | SNA | Snap-on Inc | 股票-工業 | 0.81% | — | -5.63% | |
| 33 | VZ | Verizon Communications Inc | 股票-通訊服務 | 0.80% | -0.60% | -8.16% | |
| 34 | EBAY | Ebay Inc | 股票-循環性消費 | 0.80% | -0.15% | -6.13% | |
| 35 | TROW | T Rowe Price Group Inc | 股票-金融 | 0.80% | +0.09% | -5.67% | |
| 36 | AVB | Avalonbay Communities Inc | 股票-房地產 | 0.80% | — | -6.13% | |
| 37 | MTB | M & T Bank CORP | 股票-金融 | 0.78% | -0.52% | EXIT | |
| 38 | CAT | Caterpillar Inc | 股票-工業 | 0.77% | +0.06% | NEW | |
| 39 | ATO | Atmos Energy CORP | 股票-公用事業 | 0.77% | -0.32% | -5.04% | |
| 40 | SLF | Sun Life Financial Inc | 股票-金融 | 0.76% | -0.76% | EXIT | |
| 41 | ISRG | Intuitive Surgical Inc | 股票-醫療保健 | 0.76% | +0.02% | NEW | |
| 42 | ETR | Entergy CORP | 股票-公用事業 | 0.75% | — | -5.58% | |
| 43 | TRV | Travelers Cos Inc/the | 股票-金融 | 0.75% | -0.06% | -11.74% | |
| 44 | PNR | Pentair plc | 股票-工業 | 0.75% | -0.22% | -6.01% | |
| 45 | AEM | Agnico Eagle Mines LTD | 股票-原物料 | 0.74% | -0.34% | -5.77% | |
| 46 | BMY | Bristol-myers Squibb Co | 股票-醫療保健 | 0.72% | -0.11% | -5.38% | |
| 47 | ADBE | Adobe Inc | 股票-科技 | 0.69% | -0.16% | -12.01% | |
| 48 | EQR | Equity Residential | 股票-房地產 | 0.68% | — | -6.13% | |
| 49 | EXPD | Expeditors Intl Wash Inc | 股票-工業 | 0.68% | -0.03% | -7.97% | |
| 50 | TT | Trane Technologies plc | 股票-工業 | 0.67% | +0.02% | -5.76% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | XBKNX | Blackrock Invest Qlty Muni | +1% | NEW | 新建倉 |
| 2 | AEM | Agnico Eagle Mines LTD | +0.3% | -5.77% | 減碼 |
| 3 | JNJ | Johnson & Johnson | +0.3% | -9.48% | 減碼 |
| 4 | UBER | Uber Technologies Inc | +0.2% | -5.89% | 減碼 |
| 5 | TD | Toronto-dominion Bank | +0.2% | -7.43% | 減碼 |
| 6 | PG | Procter & Gamble Co/the | +0.2% | -5.59% | 減碼 |
| 7 | JPM | Jpmorgan Chase & Co | +0.2% | -5.62% | 減碼 |
| 8 | ETR | Entergy CORP | +0.2% | -5.58% | 減碼 |
| 9 | BKR | Baker Hughes Co | +0.2% | -6.13% | 減碼 |
| 10 | V | Visa Inc-class A Shares | +0.2% | -6.13% | 減碼 |
| 11 | KO | The Coca-Cola Company | +0.1% | +443.47% | 加碼 |
| 12 | AWK | American Water Works Co Inc | +0.1% | -6.13% | 減碼 |
| 13 | ATO | Atmos Energy CORP | +0.1% | -5.04% | 減碼 |
| 14 | BR | Broadridge Financial Solutio | +0.1% | -5.52% | 減碼 |
| 15 | VZ | Verizon Communications Inc | +0.1% | -8.16% | 減碼 |
| 16 | LLY | Eli Lilly & Co | +0.1% | -10.18% | 減碼 |
| 17 | MCD | Mcdonald's CORP | +0.1% | -6.13% | 減碼 |
| 18 | EBAY | Ebay Inc | +0.1% | -6.13% | 減碼 |
| 19 | INTC | Intel CORP | +0.1% | -18.98% | 減碼 |
| 20 | BMY | Bristol-myers Squibb Co | +0.1% | -5.38% | 減碼 |
| 21 | GILD | Gilead Sciences Inc | +0.1% | -5.79% | 減碼 |
| 22 | ED | Consolidated Edison Inc | +0.1% | -9.29% | 減碼 |
| 23 | WM | Waste Management Inc | +0.1% | -5.98% | 減碼 |
| 24 | COST | Costco Wholesale CORP | +0.1% | -10.42% | 減碼 |
| 25 | NEM | Newmont CORP | +0.1% | NEW | 新建倉 |
| 26 | CI | THE Cigna Group | +0.1% | -6.13% | 減碼 |
| 27 | FOX | Fox CORP - Class B | +0.1% | -5.40% | 減碼 |
| 28 | AMGN | Amgen Inc | +0.1% | -9.74% | 減碼 |
| 29 | KO | Coca-cola Co/the | +0.1% | -6.13% | 減碼 |
| 30 | EXPD | Expeditors Intl Wash Inc | +0.1% | -7.97% | 減碼 |
| 31 | ELV | Elevance Health Inc | +0.1% | -9.60% | 減碼 |
| 32 | KMB | Kimberly-clark CORP | +0.1% | -6.13% | 減碼 |
| 33 | CSCO | Cisco Systems Inc | +0.1% | -10.91% | 減碼 |
| 34 | UNH | Unitedhealth Group Inc | +0.1% | -9.54% | 減碼 |
| 35 | FFIV | F5 Inc | +0.1% | -9.78% | 減碼 |
| 36 | TRV | Travelers Cos Inc/the | +0.1% | -11.74% | 減碼 |
| 37 | KR | Kroger Co | +0.1% | -10.38% | 減碼 |
| 38 | HIG | Hartford Insurance Group Inc | +0.1% | -10.83% | 減碼 |
| 39 | SNA | Snap-on Inc | +0.1% | -5.63% | 減碼 |
| 40 | ABX | Barrick Gold CORP | +0.1% | +276.17% | 加碼 |
| 41 | PAYX | Paychex Inc | +0.1% | -12.79% | 減碼 |
| 42 | VLO | Valero Energy CORP | +0.1% | -10.17% | 減碼 |
| 43 | EQR | Equity Residential | +0.1% | -6.13% | 減碼 |
| 44 | MKC | Mccormick & Co-non Vtg Shrs | +0.1% | -11.27% | 減碼 |
| 45 | FTNT | Fortinet Inc | +0.1% | -5.61% | 減碼 |
| 46 | PLD | Prologis Inc | +0.1% | -6.12% | 減碼 |
| 47 | PSX | Phillips 66 | +0.1% | -6.13% | 減碼 |
| 48 | AVB | Avalonbay Communities Inc | +0.1% | -6.13% | 減碼 |
| 49 | CPRT | Copart Inc | +0.1% | -5.61% | 減碼 |
| 50 | DFSEUR | Discover Financial Services | +0.1% | -5.63% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Sienna Gestion 在 Q1 2025 季度的美股持倉總市值約為 US$17.1億，共申報了 159 個公開持股部位。
在 Q1 2025 季度，Sienna Gestion 按市值排列的前三大核心持股分別為：AAPL (6.8%)、MSFT (5.7%)、NVDA (5.5%)。其中最大持股部位 AAPL 佔據整體投資組合約 6.8% 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
XBKNX
市值: US$1261.6萬
本季最大獲利了結 / 清倉標的
BLACKROCK INC
前期市值: US$1570.8萬
在 Q1 2025 季度中，Sienna Gestion 共進行了 172 項持倉異動，包含新建倉 4 個部位、加碼 3 個部位、減碼 119 個部位以及清倉 46 個部位。 其中最大新建倉標的為 XBKNX。 本季清倉部位包含 BLACKROCK INC。
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。