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: 0001821626
申報總市值
US$9.9億
US$9.9億
1783 檔
26.8%
在 Q4 2025 的 13F 官方備案中，State of Wyoming 管理的美股投資組合規模來到 US$9.9億，整體持股檔數為 1783 檔。
在 Q4 2025 期間，State of Wyoming 展現了靈活的資產再平衡步調，透過出清 7 檔弱勢或達到目標價部位，將資金轉置於 4 檔新建倉標的之中。
從部位權重觀察，前 5 大標的（包含 SPY, EFA, NVDA）累計市值佔比達 26.8%，是驅動 State of Wyoming 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 1783 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 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 19.83% | -0.35% | +0.46% | |
| 2 | EFA | Ishares Msci Eafe ETF | ETF-其他 | 3.86% | -0.22% | +1.68% | |
| 3 | NVDA | Nvidia CORP | 股票-科技 | 2.14% | -0.13% | +30.92% | |
| 4 | MSFT | Microsoft CORP | 股票-科技 | 1.82% | +0.57% | +29.14% | |
| 5 | EMXC | Ishares Msci Emr Mrk Ex Chna | ETF-其他 | 1.38% | +0.11% | +1.92% | |
| 6 | IESC | Ies Holdings Inc | 股票-工業 | 0.99% | -1.00% | EXIT | |
| 7 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 0.87% | — | -3.96% | |
| 8 | AAPL | Apple Inc | 股票-科技 | 0.78% | -0.55% | -54.84% | |
| 9 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.70% | +0.02% | -4.42% | |
| 10 | EWT | Ishares Msci Taiwan ETF | ETF-其他 | 0.70% | +0.10% | -0.77% | |
| 11 | INDA | Ishares Msci India ETF | ETF-其他 | 0.55% | -0.09% | -4.69% | |
| 12 | EWC | Ishares Msci Canada ETF | ETF-其他 | 0.54% | -0.03% | +0.09% | |
| 13 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 0.47% | -0.02% | -3.49% | |
| 14 | AMZN | Amazon.com Inc | 股票-循環性消費 | 0.43% | -0.04% | -1.38% | |
| 15 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.41% | +0.02% | -42.42% | |
| 16 | SPOT | Spotify Technology S.A. | 股票-通訊服務 | 0.36% | -0.18% | +90.29% | |
| 17 | IBKR | Interactive Brokers Gro-cl A | 股票-金融 | 0.35% | +0.03% | +1.34% | |
| 18 | PWR | Quanta Services Inc | 股票-工業 | 0.34% | -0.36% | +0.43% | |
| 19 | UPWK | Upwork Inc | 股票-其他 | 0.32% | -0.01% | +12.46% | |
| 20 | MA | Mastercard Inc - A | 股票-金融 | 0.32% | +0.09% | +37.09% | |
| 21 | AVGO | Broadcom Inc | 股票-科技 | 0.31% | -0.07% | -3.96% | |
| 22 | ALLY | Ally Financial Inc | 股票-金融 | 0.31% | +0.04% | +12.63% | |
| 23 | ACWX | Ishares Msci Acwi Ex US ETF | ETF-其他 | 0.30% | +0.12% | -58.86% | |
| 24 | EEM | Ishares Msci Emerging Market | ETF-新興市場 | 0.29% | -0.05% | — | |
| 25 | ILMN | Illumina Inc | 股票-醫療保健 | 0.27% | -0.16% | +137.46% | |
| 26 | GRFS | Grifols Sa-adr | 股票-其他 | 0.27% | -0.19% | +11.67% | |
| 27 | HUM | Humana Inc | 股票-醫療保健 | 0.26% | -0.20% | +92.96% | |
| 28 | NCNO | Ncino Inc | 股票-其他 | 0.25% | -0.19% | +31.30% | |
| 29 | CENX | Century Aluminum Company | 股票-原物料 | 0.24% | -0.28% | +14.25% | |
| 30 | TSLA | Tesla Inc | 股票-循環性消費 | 0.24% | -0.02% | -3.84% | |
| 31 | DY | Dycom Industries Inc | 股票-工業 | 0.24% | -0.19% | +9.59% | |
| 32 | ECHO | Echostar Corp-a | 股票-通訊服務 | 0.24% | -0.11% | +1.34% | |
| 33 | NRG | Nrg Energy Inc | 股票-公用事業 | 0.24% | -0.07% | +61.85% | |
| 34 | TIC | Tic Solutions Inc | 股票-其他 | 0.23% | -0.19% | EXIT | |
| 35 | KBR | Kbr Inc | 股票-工業 | 0.22% | — | +39.49% | |
| 36 | GTLB | Gitlab Inc-cl A | 股票-科技 | 0.22% | -0.13% | +60.85% | |
| 37 | SHOP | Shopify Inc - Class A | 股票-科技 | 0.21% | -0.06% | +12.74% | |
| 38 | PCG | P G & E CORP | 股票-公用事業 | 0.21% | -0.24% | +66.80% | |
| 39 | AER | AerCap Holdings N.V. | 股票-工業 | 0.20% | +0.06% | +71.23% | |
| 40 | COHR | Coherent CORP | 股票-科技 | 0.20% | +0.12% | -7.31% | |
| 41 | GRBK | Green Brick Partners Inc | 股票-其他 | 0.19% | -0.13% | +29.44% | |
| 42 | KVUE | Kenvue Inc | 股票-非循環性消費 | 0.19% | — | +233.50% | |
| 43 | SNDK | Sandisk CORP | 股票-科技 | 0.18% | — | -22.01% | |
| 44 | CMC | Commercial Metals Co | 股票-工業 | 0.18% | -0.09% | +199.35% | |
| 45 | TWLO | Twilio Inc - A | 股票-科技 | 0.18% | +0.04% | +33.82% | |
| 46 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.18% | -0.02% | -3.96% | |
| 47 | CSCO | Cisco Systems Inc | 股票-科技 | 0.18% | +0.01% | +476.66% | |
| 48 | CPNG | Coupang Inc | 股票-循環性消費 | 0.17% | -0.23% | +22.67% | |
| 49 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.17% | -0.02% | -5.01% | |
| 50 | TOST | Toast Inc-class A | 股票-科技 | 0.17% | -0.18% | +113.04% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +0.4% | +30.92% | 加碼 |
| 2 | MSFT | Microsoft CORP | +0.2% | +29.14% | 加碼 |
| 3 | ILMN | Illumina Inc | +0.2% | +137.46% | 加碼 |
| 4 | CSCO | Cisco Systems Inc | +0.2% | +476.66% | 加碼 |
| 5 | KVUE | Kenvue Inc | +0.1% | +233.50% | 加碼 |
| 6 | GOOGL | Alphabet Inc-cl A | +0.1% | -3.96% | 減碼 |
| 7 | CMC | Commercial Metals Co | +0.1% | +199.35% | 加碼 |
| 8 | SGI | Somnigroup International Inc | +0.1% | +593.64% | 加碼 |
| 9 | SPOT | Spotify Technology S.A. | +0.1% | +90.29% | 加碼 |
| 10 | HUM | Humana Inc | +0.1% | +92.96% | 加碼 |
| 11 | GOOG | Alphabet Inc-cl C | +0.1% | -4.42% | 減碼 |
| 12 | CWAN | Clearwater Analytics Holdings, Inc. | +0.1% | +215.98% | 加碼 |
| 13 | AER | AerCap Holdings N.V. | +0.1% | +71.23% | 加碼 |
| 14 | ZWS | Zurn Elkay Water Solutions C | +0.1% | +1462.55% | 加碼 |
| 15 | ENS | Enersys | +0.1% | +1148.12% | 加碼 |
| 16 | HUN | Huntsman CORP | +0.1% | +404.95% | 加碼 |
| 17 | PCG | P G & E CORP | +0.1% | +66.80% | 加碼 |
| 18 | TOST | Toast Inc-class A | +0.1% | +113.04% | 加碼 |
| 19 | FLR | Fluor CORP | +0.1% | +279.19% | 加碼 |
| 20 | NRG | Nrg Energy Inc | +0.1% | +61.85% | 加碼 |
| 21 | PFGC | Performance Food Group Co | +0.1% | +315.06% | 加碼 |
| 22 | MA | Mastercard Inc - A | +0.1% | +37.09% | 加碼 |
| 23 | TWLO | Twilio Inc - A | +0.1% | +33.82% | 加碼 |
| 24 | EMXC | Ishares Msci Emr Mrk Ex Chna | +0.1% | +1.92% | 加碼 |
| 25 | EFA | Ishares Msci Eafe ETF | 0% | +1.68% | 加碼 |
| 26 | NBIS | Nebius Group N.V. | -0.1% | -92.07% | 減碼 |
| 27 | TLN | Talen Energy CORP | -0.1% | -46.98% | 減碼 |
| 28 | XOM | Exxon Mobil CORP | -0.1% | -51.92% | 減碼 |
| 29 | CRM | Salesforce Inc | -0.1% | -89.03% | 減碼 |
| 30 | GEHC | GE Healthcare Technology | -0.1% | -96.92% | 減碼 |
| 31 | WDC | Western Digital CORP | -0.1% | -74.82% | 減碼 |
| 32 | STX | Seagate Technology Holdings plc | -0.2% | -69.21% | 減碼 |
| 33 | NFLX | Netflix Inc | -0.2% | +401.62% | 加碼 |
| 34 | TD | Toronto-dominion Bank | -0.2% | -92.10% | 減碼 |
| 35 | SPY | Ss Spdr S&p 500 ETF Trust-us | -0.2% | +0.46% | 加碼 |
| 36 | V | Visa Inc-class A Shares | -0.3% | -68.23% | 減碼 |
| 37 | META | Meta Platforms Inc-class A | -0.4% | -42.42% | 減碼 |
| 38 | ACWX | Ishares Msci Acwi Ex US ETF | -0.5% | -58.86% | 減碼 |
| 39 | AAPL | Apple Inc | -0.9% | -54.84% | 減碼 |
| 40 | WBD | Warner Bros Discovery Inc | — | EXIT | 清倉 |
| 41 | EEM | Ishares Msci Emerging Market | — | NEW | 新建倉 |
| 42 | OPEN | Opendoor Technologies Inc | — | EXIT | 清倉 |
| 43 | CVX | Chevron CORP | — | EXIT | 清倉 |
| 44 | HO1 | Hologic Inc | — | EXIT | 清倉 |
| 45 | KLAR | Klarna Group plc | — | NEW | 新建倉 |
| 46 | 1RG | Rev Group Inc | — | EXIT | 清倉 |
| 47 | LVS | Las Vegas Sands CORP | — | NEW | 新建倉 |
| 48 | KDP | Keurig Dr Pepper Inc | — | NEW | 新建倉 |
| 49 | AL | Air Lease CORP | — | EXIT | 清倉 |
| 50 | HBM | Hudbay Minerals Inc | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，State of Wyoming 在 Q4 2025 季度的美股持倉總市值約為 US$9.9億，共申報了 1783 個公開持股部位。
在 Q4 2025 季度，State of Wyoming 按市值排列的前三大核心持股分別為：SPY (19.8%)、EFA (3.9%)、NVDA (2.1%)。其中最大持股部位 SPY 佔據整體投資組合約 19.8% 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
EEM
市值: US$268.7萬
本季最大獲利了結 / 清倉標的
WBD
前期市值: US$390.6萬
在 Q4 2025 季度中，State of Wyoming 共進行了 50 項持倉異動，包含新建倉 4 個部位、加碼 25 個部位、減碼 14 個部位以及清倉 7 個部位。 其中最大新建倉標的為 EEM。 本季清倉部位包含 WBD。
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。