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: 0001962086
申報總市值
US$12.5億
US$12.5億
137 檔
39.3%
在 Q4 2025 的 13F 官方備案中，SP Asset Management LLC 管理的美股投資組合規模來到 US$12.5億，整體持股檔數為 137 檔。
在 Q4 2025，SP Asset Management LLC 進行了溫和的常態性持倉調整（包含新建倉 2 檔、加碼 20 檔、減碼 23 檔與清倉 0 檔），整體投資組合架構維持相對穩定。
在資產配置集中度方面，SP Asset Management LLC 的前 5 大核心持股（包含 META, BRK-B, AAPL 等）合計佔整體申報市值的 39.3%，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 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 17.90% | -1.86% | +0.20% | |
| 2 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 7.54% | -3.31% | -0.05% | |
| 3 | AAPL | Apple Inc | 股票-科技 | 4.76% | +0.20% | -0.53% | |
| 4 | VUG | Vanguard Growth ETF | ETF-其他 | 4.47% | +0.38% | -0.05% | |
| 5 | ABBV | Abbvie Inc | 股票-醫療保健 | 4.13% | +0.26% | +0.66% | |
| 6 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 3.65% | +0.55% | +0.12% | |
| 7 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 3.59% | +1.32% | +90.36% | |
| 8 | IGV | Ishares Expanded Tech-softwa | ETF-科技型 | 3.49% | +0.12% | -0.91% | |
| 9 | MSFT | Microsoft CORP | 股票-科技 | 3.14% | -0.15% | -1.02% | |
| 10 | VO | Vanguard Mid-cap ETF | ETF-其他 | 2.93% | +0.07% | +0.79% | |
| 11 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.47% | +0.17% | — | |
| 12 | XLV | Ss Health Care Select Sector | ETF-其他 | 2.14% | -0.03% | +0.40% | |
| 13 | VB | Vanguard Small-cap ETF | ETF-其他 | 2.13% | +0.12% | -2.12% | |
| 14 | WFC | Wells Fargo & Co | 股票-金融 | 2.01% | -0.09% | -0.49% | |
| 15 | QCOM | Qualcomm Inc | 股票-科技 | 1.93% | — | -3.34% | |
| 16 | BAC | Bank Of America CORP | 股票-金融 | 1.68% | +0.11% | +0.75% | |
| 17 | ORCL | Oracle CORP | 股票-科技 | 1.63% | -0.14% | -0.58% | |
| 18 | ADI | Analog Devices Inc | 股票-科技 | 1.59% | +0.32% | +0.34% | |
| 19 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.49% | +0.18% | -0.62% | |
| 20 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.46% | -0.11% | +0.37% | |
| 21 | ABT | Abbott Laboratories | 股票-醫療保健 | 1.26% | -0.23% | +0.41% | |
| 22 | XLE | Ss Energy Select Sector | ETF-其他 | 1.26% | -0.38% | +98.22% | |
| 23 | HD | Home Depot Inc | 股票-循環性消費 | 1.16% | -0.09% | -1.30% | |
| 24 | NVDA | Nvidia CORP | 股票-科技 | 1.14% | +0.04% | -15.55% | |
| 25 | AXP | American Express Co | 股票-金融 | 0.99% | +0.02% | +0.15% | |
| 26 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.97% | -0.04% | -0.93% | |
| 27 | VOO | Vanguard S&p 500 ETF | ETF-大型股與成長 | 0.91% | +0.10% | +1.05% | |
| 28 | PM | Philip Morris International | 股票-非循環性消費 | 0.89% | — | +0.76% | |
| 29 | XOM | Exxon Mobil CORP | 股票-能源 | 0.77% | -0.32% | +0.82% | |
| 30 | VHT | Vanguard Health Care ETF | ETF-其他 | 0.75% | +0.05% | +0.86% | |
| 31 | AMD | Advanced Micro Devices | 股票-科技 | 0.73% | +1.27% | -8.88% | |
| 32 | NTNX | Nutanix Inc - A | 股票-科技 | 0.57% | +0.10% | — | |
| 33 | IBB | Ishares Biotechnology ETF | ETF-科技型 | 0.56% | +0.01% | -0.50% | |
| 34 | V | Visa Inc-class A Shares | 股票-金融 | 0.55% | +0.01% | +0.22% | |
| 35 | IYH | Ishares U.s. Healthcare ETF | ETF-其他 | 0.53% | -0.01% | -0.29% | |
| 36 | SBUX | Starbucks CORP | 股票-循環性消費 | 0.52% | +0.03% | -2.64% | |
| 37 | CRM | Salesforce Inc | 股票-科技 | 0.50% | -0.12% | -0.64% | |
| 38 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.46% | -0.04% | +0.27% | |
| 39 | BIL | Ss Spdr Bb 1-3m T-bill ETF | ETF-政府公債 | 0.45% | +0.52% | +23.60% | |
| 40 | ICSH | Ishares Ultra Short Duration | ETF-其他 | 0.39% | -0.10% | -1.46% | |
| 41 | NKE | Nike Inc -cl B | 股票-循環性消費 | 0.39% | -0.12% | -4.65% | |
| 42 | HON | Honeywell International Inc | 股票-工業 | 0.39% | -0.48% | EXIT | |
| 43 | AMAT | Applied Materials Inc | 股票-科技 | 0.38% | +0.47% | -5.36% | |
| 44 | IXN | Ishares Global Tech ETF | ETF-科技型 | 0.37% | +0.12% | +0.42% | |
| 45 | PEP | Pepsico Inc | 股票-非循環性消費 | 0.34% | -0.08% | +0.01% | |
| 46 | AVGO | Broadcom Inc | 股票-科技 | 0.29% | +0.10% | +0.26% | |
| 47 | VUSB | Vanguard Ultra Short Bond Et | ETF-其他 | 0.29% | -0.14% | -0.36% | |
| 48 | LH | Labcorp Holdings Inc | 股票-醫療保健 | 0.28% | -0.01% | +0.26% | |
| 49 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 0.28% | +0.01% | +0.25% | |
| 50 | CTSH | Cognizant Tech Solutions-a | 股票-科技 | 0.28% | -0.11% | -2.30% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | UNH | Unitedhealth Group Inc | +1.6% | +90.36% | 加碼 |
| 2 | GOOGL | Alphabet Inc-cl A | +0.8% | +0.12% | 加碼 |
| 3 | GOOG | Alphabet Inc-cl C | +0.3% | -0.62% | 減碼 |
| 4 | AAPL | Apple Inc | +0.3% | -0.53% | 減碼 |
| 5 | XLV | Ss Health Care Select Sector | +0.2% | +0.40% | 加碼 |
| 6 | WFC | Wells Fargo & Co | +0.2% | -0.49% | 減碼 |
| 7 | MRK | Merck & Co. Inc. | +0.2% | -0.93% | 減碼 |
| 8 | JNJ | Johnson & Johnson | +0.2% | +0.37% | 加碼 |
| 9 | ADI | Analog Devices Inc | +0.2% | +0.34% | 加碼 |
| 10 | AMD | Advanced Micro Devices | +0.1% | -8.88% | 減碼 |
| 11 | AMZN | Amazon.com Inc | +0.1% | — | 不變 |
| 12 | BAC | Bank Of America CORP | +0.1% | +0.75% | 加碼 |
| 13 | AXP | American Express Co | +0.1% | +0.15% | 加碼 |
| 14 | BIL | Ss Spdr Bb 1-3m T-bill ETF | +0.1% | +23.60% | 加碼 |
| 15 | VHT | Vanguard Health Care ETF | +0.1% | +0.86% | 加碼 |
| 16 | IBB | Ishares Biotechnology ETF | +0.1% | -0.50% | 減碼 |
| 17 | LLY | Eli Lilly & Co | +0.1% | +0.14% | 加碼 |
| 18 | VUG | Vanguard Growth ETF | +0.1% | -0.05% | 減碼 |
| 19 | AMAT | Applied Materials Inc | +0.1% | -5.36% | 減碼 |
| 20 | XOM | Exxon Mobil CORP | +0.1% | +0.82% | 加碼 |
| 21 | IYH | Ishares U.s. Healthcare ETF | +0.1% | -0.29% | 減碼 |
| 22 | CRM | Salesforce Inc | +0.1% | -0.64% | 減碼 |
| 23 | CTSH | Cognizant Tech Solutions-a | +0.1% | -2.30% | 減碼 |
| 24 | VOO | Vanguard S&p 500 ETF | 0% | +1.05% | 加碼 |
| 25 | RBRK | Rubrik Inc-a | 0% | — | 不變 |
| 26 | PANW | Palo Alto Networks Inc | 0% | — | 不變 |
| 27 | ADBE | Adobe Inc | 0% | -37.97% | 減碼 |
| 28 | XYZ | Block Inc | 0% | -15.17% | 減碼 |
| 29 | SSO | Proshares Ultra S&p500 | 0% | +69.92% | 加碼 |
| 30 | PG | Procter & Gamble Co/the | 0% | +0.27% | 加碼 |
| 31 | SKYY | First Trust Cloud Computing | 0% | -13.90% | 減碼 |
| 32 | FDN | First Trust Dj Internet Ind | 0% | -11.89% | 減碼 |
| 33 | HON | Honeywell International Inc | 0% | -2.90% | 減碼 |
| 34 | UI | Ubiquiti Inc | 0% | -51.77% | 減碼 |
| 35 | RBLX | Roblox CORP -class A | 0% | — | 不變 |
| 36 | LH | Labcorp Holdings Inc | 0% | +0.26% | 加碼 |
| 37 | MDLZ | Mondelez International Inc-a | 0% | +0.75% | 加碼 |
| 38 | ABBV | Abbvie Inc | 0% | +0.66% | 加碼 |
| 39 | NKE | Nike Inc -cl B | -0.1% | -4.65% | 減碼 |
| 40 | NFLX | Netflix Inc | -0.1% | +869.03% | 加碼 |
| 41 | ABT | Abbott Laboratories | -0.1% | +0.41% | 加碼 |
| 42 | NVDA | Nvidia CORP | -0.2% | -15.55% | 減碼 |
| 43 | HD | Home Depot Inc | -0.2% | -1.30% | 減碼 |
| 44 | NTNX | Nutanix Inc - A | -0.3% | — | 不變 |
| 45 | MSFT | Microsoft CORP | -0.3% | -1.02% | 減碼 |
| 46 | IGV | Ishares Expanded Tech-softwa | -0.4% | -0.91% | 減碼 |
| 47 | ORCL | Oracle CORP | -0.7% | -0.58% | 減碼 |
| 48 | META | Meta Platforms Inc-class A | -2.1% | +0.20% | 加碼 |
| 49 | AKRE | Akre Focus ETF | — | NEW | 新建倉 |
| 50 | TWLO | Twilio Inc - A | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，SP Asset Management LLC 在 Q4 2025 季度的美股持倉總市值約為 US$12.5億，共申報了 137 個公開持股部位。
在 Q4 2025 季度，SP Asset Management LLC 按市值排列的前三大核心持股分別為：META (17.9%)、BRK-B (7.5%)、AAPL (4.8%)。其中最大持股部位 META 佔據整體投資組合約 17.9% 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
AKRE
市值: US$58.6萬
本季最大獲利了結 / 清倉標的
AAPL
前期市值: US$5669.3萬
在 Q4 2025 季度中，SP Asset Management LLC 共進行了 45 項持倉異動，包含新建倉 2 個部位、加碼 20 個部位、減碼 23 個部位以及清倉 0 個部位。 其中最大新建倉標的為 AKRE。
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。