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: 0001538846
申報總市值
US$58.4億
US$58.4億
612 檔
26.7%
South Dakota Investment Council 在 Q2 2025 季度的美股部位總計估值為 US$58.4億，分散於 612 個持倉標的之中，反映其市場參與廣度與投資規模。
觀察 Q2 2025 的資金脈絡，South Dakota Investment Council 在獲利結算 4 檔個股的同時，將資本重新部署至 3 檔新選標的，展現主動管理機構的輪動節奏。
從部位權重觀察，前 5 大標的（包含 VWO, AGG, MSFT）累計市值佔比達 26.7%，是驅動 South Dakota Investment Council 該季度整體投資組合績效表現的核心支柱。
僅顯示前 200 大持股（共 612 檔）
| # | 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 | VWO | Vanguard Ftse Emerging Marke | ETF-新興市場 | 13.31% | -0.40% | +0.05% | |
| 2 | AGG | Ishares Core U.s. Aggregate | ETF-其他 | 5.31% | -0.33% | -5.26% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 4.92% | -0.33% | -0.14% | |
| 4 | AAPL | Apple Inc | 股票-科技 | 3.36% | +0.06% | -0.23% | |
| 5 | NVDA | Nvidia CORP | 股票-科技 | 3.00% | +0.49% | -0.37% | |
| 6 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.54% | +0.01% | -0.23% | |
| 7 | VTOL | Bristow Group Inc | 股票-其他 | 2.17% | -0.62% | -5.27% | |
| 8 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.73% | -0.10% | -0.06% | |
| 9 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.53% | +0.08% | -0.25% | |
| 10 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.28% | +0.12% | -0.22% | |
| 11 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.13% | -0.08% | -0.90% | |
| 12 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.94% | +0.06% | -0.88% | |
| 13 | HUM | Humana Inc | 股票-醫療保健 | 0.77% | -0.22% | +5.91% | |
| 14 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.76% | -0.23% | +94.42% | |
| 15 | V | Visa Inc-class A Shares | 股票-金融 | 0.75% | — | -6.12% | |
| 16 | EG | Everest Group, Ltd. | 股票-金融 | 0.68% | -0.01% | +4.84% | |
| 17 | PFE | Pfizer Inc | 股票-醫療保健 | 0.63% | -0.16% | -0.17% | |
| 18 | MA | Mastercard Inc - A | 股票-金融 | 0.62% | -0.04% | -3.93% | |
| 19 | USB | US Bancorp | 股票-金融 | 0.61% | +0.01% | +7.06% | |
| 20 | AVGO | Broadcom Inc | 股票-科技 | 0.60% | +0.27% | +0.48% | |
| 21 | CMCSA | Comcast Corp-class A | 股票-通訊服務 | 0.56% | -0.07% | +4.35% | |
| 22 | DG | Dollar General CORP | 股票-非循環性消費 | 0.53% | +0.01% | -23.55% | |
| 23 | COP | Conocophillips | 股票-能源 | 0.53% | -0.18% | -8.36% | |
| 24 | RGA | Reinsurance Group Of America | 股票-金融 | 0.51% | — | -3.05% | |
| 25 | PYPL | Paypal Holdings Inc | 股票-金融 | 0.51% | -0.04% | -0.16% | |
| 26 | HES | Hess CORP | 股票-其他 | 0.51% | — | -0.07% | |
| 27 | DIS | Walt Disney Co/the | 股票-通訊服務 | 0.50% | -0.03% | -11.29% | |
| 28 | XOM | Exxon Mobil CORP | 股票-能源 | 0.48% | -0.49% | EXIT | |
| 29 | C | Citigroup Inc | 股票-金融 | 0.48% | -0.02% | -11.89% | |
| 30 | TGT | Target CORP | 股票-循環性消費 | 0.47% | -0.25% | -0.07% | |
| 31 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.47% | -0.05% | -31.08% | |
| 32 | AMD | Advanced Micro Devices | 股票-科技 | 0.46% | +0.57% | — | |
| 33 | CSCO | Cisco Systems Inc | 股票-科技 | 0.44% | +0.01% | -21.96% | |
| 34 | MDT | Medtronic plc | 股票-醫療保健 | 0.44% | +0.11% | +5.23% | |
| 35 | WFC | Wells Fargo & Co | 股票-金融 | 0.43% | +0.06% | -29.33% | |
| 36 | AMAT | Applied Materials Inc | 股票-科技 | 0.42% | +0.33% | — | |
| 37 | RNR | RenaissanceRe Holdings Ltd. | 股票-金融 | 0.41% | +0.11% | -2.32% | |
| 38 | BMY | Bristol-myers Squibb Co | 股票-醫療保健 | 0.38% | -0.04% | — | |
| 39 | 07WA | Mr Cooper Group Inc | 股票-其他 | 0.38% | — | -18.65% | |
| 40 | CNC | Centene CORP | 股票-醫療保健 | 0.38% | -0.10% | +16.60% | |
| 41 | EOG | Eog Resources Inc | 股票-能源 | 0.38% | -0.12% | -0.24% | |
| 42 | CHTR | Charter Communications Inc-a | 股票-通訊服務 | 0.37% | +0.11% | — | |
| 43 | SOLV | Solventum CORP | 股票-醫療保健 | 0.37% | +0.02% | +3.63% | |
| 44 | ACGL | Arch Capital Group Ltd. | 股票-金融 | 0.36% | -0.04% | +7.20% | |
| 45 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.35% | — | -41.41% | |
| 46 | OXY | Occidental Petroleum CORP | 股票-能源 | 0.35% | -0.11% | — | |
| 47 | SLB | Slb LTD | 股票-能源 | 0.35% | -0.13% | — | |
| 48 | FSLR | First Solar Inc | 股票-科技 | 0.35% | — | +16.99% | |
| 49 | TXN | Texas Instruments Inc | 股票-科技 | 0.34% | +0.09% | -0.37% | |
| 50 | UPS | United Parcel Service-cl B | 股票-工業 | 0.34% | +0.01% | +44.37% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | MSFT | Microsoft CORP | +1% | -0.14% | 減碼 |
| 2 | NVDA | Nvidia CORP | +0.8% | -0.37% | 減碼 |
| 3 | VWO | Vanguard Ftse Emerging Marke | +0.3% | +0.05% | 加碼 |
| 4 | META | Meta Platforms Inc-class A | +0.3% | -0.06% | 減碼 |
| 5 | TMO | Thermo Fisher Scientific Inc | +0.2% | +411.52% | 加碼 |
| 6 | VT | Vanguard Tot World Stk ETF | +0.2% | +453.31% | 加碼 |
| 7 | AVGO | Broadcom Inc | +0.2% | +0.48% | 加碼 |
| 8 | AMZN | Amazon.com Inc | +0.2% | -0.23% | 減碼 |
| 9 | NUE | Nucor CORP | +0.2% | +4279.29% | 加碼 |
| 10 | HPQ | Hp Inc | +0.2% | NEW | 新建倉 |
| 11 | WCPRF | Whitecap Resources Inc | +0.2% | NEW | 新建倉 |
| 12 | LOW | Lowe's Cos Inc | +0.2% | +183.82% | 加碼 |
| 13 | JXN | Jackson Financial Inc-a | +0.1% | +706.73% | 加碼 |
| 14 | NLY | Annaly Capital Management In | +0.1% | +1069.79% | 加碼 |
| 15 | PPG | Ppg Industries Inc | +0.1% | +393.48% | 加碼 |
| 16 | QCOM | Qualcomm Inc | +0.1% | +141.75% | 加碼 |
| 17 | DHR | Danaher CORP | +0.1% | +205.78% | 加碼 |
| 18 | AMD | Advanced Micro Devices | +0.1% | — | 不變 |
| 19 | FSLR | First Solar Inc | +0.1% | +16.99% | 加碼 |
| 20 | GOOGL | Alphabet Inc-cl A | +0.1% | -0.25% | 減碼 |
| 21 | PVH | Pvh CORP | +0.1% | +52.30% | 加碼 |
| 22 | HOOD | Robinhood Markets Inc - A | +0.1% | NEW | 新建倉 |
| 23 | REX | Rex American Resources CORP | +0.1% | +1879.54% | 加碼 |
| 24 | ELV | Elevance Health Inc | +0.1% | +64.87% | 加碼 |
| 25 | MTUS | Metallus Inc | +0.1% | +273.76% | 加碼 |
| 26 | BDX | Becton Dickinson And Co | +0.1% | +293.15% | 加碼 |
| 27 | GOOG | Alphabet Inc-cl C | +0.1% | -0.22% | 減碼 |
| 28 | UNH | Unitedhealth Group Inc | +0.1% | +94.42% | 加碼 |
| 29 | WOLF* | Wolfspeed Inc | -0.1% | EXIT | 清倉 |
| 30 | BNY | Bank Of New York Mellon CORP | -0.1% | -47.58% | 減碼 |
| 31 | JBL | Jabil Inc | -0.1% | -63.26% | 減碼 |
| 32 | FHN | First Horizon CORP | -0.1% | -61.99% | 減碼 |
| 33 | BRY | Berry CORP | -0.1% | EXIT | 清倉 |
| 34 | ESNT | Essent Group Ltd. | -0.1% | -66.68% | 減碼 |
| 35 | VRTX | Vertex Pharmaceuticals Inc | -0.1% | -40.83% | 減碼 |
| 36 | AMGN | Amgen Inc | -0.1% | -65.30% | 減碼 |
| 37 | WFC | Wells Fargo & Co | -0.2% | -29.33% | 減碼 |
| 38 | TPR | Tapestry Inc | -0.2% | -78.21% | 減碼 |
| 39 | GILD | Gilead Sciences Inc | -0.2% | -46.99% | 減碼 |
| 40 | BMY | Bristol-myers Squibb Co | -0.2% | — | 不變 |
| 41 | PM | Philip Morris International | -0.2% | -59.32% | 減碼 |
| 42 | XOM | Exxon Mobil CORP | -0.2% | -14.20% | 減碼 |
| 43 | JPM | Jpmorgan Chase & Co | -0.2% | -41.41% | 減碼 |
| 44 | COP | Conocophillips | -0.2% | -8.36% | 減碼 |
| 45 | BRK-B | Berkshire Hathaway Inc-cl B | -0.2% | -0.90% | 減碼 |
| 46 | USX1 | United States Steel CORP | -0.2% | EXIT | 清倉 |
| 47 | 016 | Veren Inc | -0.2% | EXIT | 清倉 |
| 48 | JNJ | Johnson & Johnson | -0.3% | -31.08% | 減碼 |
| 49 | AAPL | Apple Inc | -0.5% | -0.23% | 減碼 |
| 50 | AGG | Ishares Core U.s. Aggregate | -0.7% | -5.26% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，South Dakota Investment Council 在 Q2 2025 季度的美股持倉總市值約為 US$58.4億，共申報了 612 個公開持股部位。
在 Q2 2025 季度，South Dakota Investment Council 按市值排列的前三大核心持股分別為：VWO (13.3%)、AGG (5.3%)、MSFT (4.9%)。其中最大持股部位 VWO 佔據整體投資組合約 13.3% 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
HPQ
市值: US$926.4萬
本季最大獲利了結 / 清倉標的
016
前期市值: US$1112.4萬
在 Q2 2025 季度中，South Dakota Investment Council 共進行了 48 項持倉異動，包含新建倉 3 個部位、加碼 18 個部位、減碼 23 個部位以及清倉 4 個部位。 其中最大新建倉標的為 HPQ。 本季清倉部位包含 016。
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。