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: 0001966180
申報總市值
US$13.6億
US$13.6億
68 檔
31.1%
在 Q4 2025 申報期間，Talbot Financial, LLC（CIK: 0001966180）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$13.6億，共持有 68 個公開申報部位。
Talbot Financial, LLC 於 Q4 2025 展現出進攻型調倉步調，本季推動了 3 檔股票的新建倉與 26 檔既有部位加碼，整體資金傾向擴大在美股市場的曝險佈局。
在資產配置集中度方面，Talbot Financial, LLC 的前 5 大核心持股（包含 MSFT, AAPL, GOOG 等）合計佔整體申報市值的 31.1%，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 | MSFT | Microsoft CORP | 股票-科技 | 9.86% | -0.83% | +0.12% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 9.40% | +0.09% | -0.70% | |
| 3 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 5.49% | +0.48% | -2.04% | |
| 4 | AMZN | Amazon.com Inc | 股票-循環性消費 | 5.34% | +0.07% | +0.46% | |
| 5 | NVDA | Nvidia CORP | 股票-科技 | 4.71% | +0.10% | +11.20% | |
| 6 | GS | Goldman Sachs Group Inc | 股票-金融 | 3.41% | +0.17% | -0.94% | |
| 7 | AMAT | Applied Materials Inc | 股票-科技 | 3.31% | +3.43% | -1.19% | |
| 8 | LLY | Eli Lilly & Co | 股票-醫療保健 | 3.16% | +0.50% | -1.77% | |
| 9 | JPM | Jpmorgan Chase & Co | 股票-金融 | 2.87% | -0.03% | -0.24% | |
| 10 | JNJ | Johnson & Johnson | 股票-醫療保健 | 2.37% | -0.22% | +0.57% | |
| 11 | ABBV | Abbvie Inc | 股票-醫療保健 | 2.29% | +0.12% | +0.70% | |
| 12 | INTU | Intuit Inc | 股票-科技 | 2.13% | -1.49% | -0.72% | |
| 13 | CRM | Salesforce Inc | 股票-科技 | 1.97% | -0.39% | +1.05% | |
| 14 | CVX | Chevron CORP | 股票-能源 | 1.95% | -0.77% | +1.15% | |
| 15 | V | Visa Inc-class A Shares | 股票-金融 | 1.90% | +0.02% | +0.72% | |
| 16 | AVGO | Broadcom Inc | 股票-科技 | 1.89% | +0.56% | +0.59% | |
| 17 | CB | Chubb Limited | 股票-金融 | 1.77% | -0.14% | +0.61% | |
| 18 | SYK | Stryker CORP | 股票-醫療保健 | 1.61% | -0.24% | -0.21% | |
| 19 | AMGN | Amgen Inc | 股票-醫療保健 | 1.58% | -0.14% | -0.00% | |
| 20 | SCHW | Schwab (charles) CORP | 股票-金融 | 1.58% | -0.23% | -0.55% | |
| 21 | HON | Honeywell International Inc | 股票-工業 | 1.50% | -0.99% | +1.51% | |
| 22 | MDT | Medtronic plc | 股票-醫療保健 | 1.49% | -0.26% | -1.00% | |
| 23 | CSCO | Cisco Systems Inc | 股票-科技 | 1.49% | +0.52% | -0.15% | |
| 24 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 1.49% | -0.28% | -1.70% | |
| 25 | NOC | Northrop Grumman CORP | 股票-工業 | 1.47% | -0.59% | +0.19% | |
| 26 | HD | Home Depot Inc | 股票-循環性消費 | 1.45% | -0.08% | +1.44% | |
| 27 | GEV | GE Vernova Inc | 股票-工業 | 1.38% | +0.39% | +6.49% | |
| 28 | SNPS | Synopsys Inc | 股票-科技 | 1.37% | +0.02% | -3.20% | |
| 29 | NFLX | Netflix Inc | 股票-通訊服務 | 1.35% | -0.50% | +907.00% | |
| 30 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 1.34% | -0.08% | +0.61% | |
| 31 | BLK | Blackrock Inc | 股票-金融 | 1.29% | -0.14% | +1.02% | |
| 32 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 1.26% | -0.08% | +0.46% | |
| 33 | NOW | Servicenow Inc | 股票-科技 | 1.21% | -0.14% | +374.75% | |
| 34 | EMR | Emerson Electric Co | 股票-工業 | 1.15% | -0.03% | +0.40% | |
| 35 | TRV | Travelers Cos Inc/the | 股票-金融 | 1.12% | — | +2.63% | |
| 36 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 1.08% | -0.11% | -3.00% | |
| 37 | ROK | Rockwell Automation Inc | 股票-工業 | 1.04% | +0.22% | +0.93% | |
| 38 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.97% | +0.22% | +6363.54% | |
| 39 | MA | Mastercard Inc - A | 股票-金融 | 0.93% | -0.01% | +0.72% | |
| 40 | WFC | Wells Fargo & Co | 股票-金融 | 0.90% | -0.06% | +0.32% | |
| 41 | PM | Philip Morris International | 股票-非循環性消費 | 0.89% | -0.02% | — | |
| 42 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.89% | -0.21% | +0.79% | |
| 43 | T | At&t Inc | 股票-通訊服務 | 0.86% | -0.38% | +5.46% | |
| 44 | UBER | Uber Technologies Inc | 股票-工業 | 0.84% | -0.09% | +1.02% | |
| 45 | AJG | Arthur J Gallagher & Co | 股票-金融 | 0.82% | -0.04% | -3.29% | |
| 46 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 0.36% | +0.04% | -2.17% | |
| 47 | FFIV | F5 Inc | 股票-科技 | 0.29% | -0.06% | — | |
| 48 | WAFD | Wafd Inc | 股票-其他 | 0.20% | +0.02% | — | |
| 49 | ADBE | Adobe Inc | 股票-科技 | 0.17% | -0.01% | -88.75% | |
| 50 | XOM | Exxon Mobil CORP | 股票-能源 | 0.13% | -0.06% | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | GOOG | Alphabet Inc-cl C | +1% | -2.04% | 減碼 |
| 2 | META | Meta Platforms Inc-class A | +1% | +6363.54% | 加碼 |
| 3 | LLY | Eli Lilly & Co | +0.8% | -1.77% | 減碼 |
| 4 | AMAT | Applied Materials Inc | +0.6% | -1.19% | 減碼 |
| 5 | NVDA | Nvidia CORP | +0.4% | +11.20% | 加碼 |
| 6 | AAPL | Apple Inc | +0.3% | -0.70% | 減碼 |
| 7 | MRK | Merck & Co. Inc. | +0.3% | +0.61% | 加碼 |
| 8 | GS | Goldman Sachs Group Inc | +0.2% | -0.94% | 減碼 |
| 9 | JNJ | Johnson & Johnson | +0.2% | +0.57% | 加碼 |
| 10 | CRM | Salesforce Inc | +0.2% | +1.05% | 加碼 |
| 11 | AMGN | Amgen Inc | +0.2% | -0.00% | 減碼 |
| 12 | TMO | Thermo Fisher Scientific Inc | +0.2% | +0.46% | 加碼 |
| 13 | AMZN | Amazon.com Inc | +0.1% | +0.46% | 加碼 |
| 14 | CB | Chubb Limited | +0.1% | +0.61% | 加碼 |
| 15 | CSCO | Cisco Systems Inc | +0.1% | -0.15% | 減碼 |
| 16 | GEV | GE Vernova Inc | +0.1% | +6.49% | 加碼 |
| 17 | ROK | Rockwell Automation Inc | +0.1% | +0.93% | 加碼 |
| 18 | WFC | Wells Fargo & Co | +0.1% | +0.32% | 加碼 |
| 19 | GOOGL | Alphabet Inc-cl A | +0.1% | -2.17% | 減碼 |
| 20 | AVGO | Broadcom Inc | 0% | +0.59% | 加碼 |
| 21 | TRV | Travelers Cos Inc/the | 0% | +2.63% | 加碼 |
| 22 | V | Visa Inc-class A Shares | 0% | +0.72% | 加碼 |
| 23 | SCHW | Schwab (charles) CORP | 0% | -0.55% | 減碼 |
| 24 | WMT | Walmart Inc | 0% | +56.94% | 加碼 |
| 25 | EMR | Emerson Electric Co | 0% | +0.40% | 加碼 |
| 26 | JPM | Jpmorgan Chase & Co | 0% | -0.24% | 減碼 |
| 27 | ABBV | Abbvie Inc | -0.1% | +0.70% | 加碼 |
| 28 | FFIV | F5 Inc | -0.1% | — | 不變 |
| 29 | T | At&t Inc | -0.1% | +5.46% | 加碼 |
| 30 | SYK | Stryker CORP | -0.1% | -0.21% | 減碼 |
| 31 | PG | Procter & Gamble Co/the | -0.1% | -3.00% | 減碼 |
| 32 | BLK | Blackrock Inc | -0.1% | +1.02% | 加碼 |
| 33 | NOC | Northrop Grumman CORP | -0.1% | +0.19% | 加碼 |
| 34 | HON | Honeywell International Inc | -0.1% | +1.51% | 加碼 |
| 35 | INTU | Intuit Inc | -0.2% | -0.72% | 減碼 |
| 36 | SNPS | Synopsys Inc | -0.2% | -3.20% | 減碼 |
| 37 | COST | Costco Wholesale CORP | -0.2% | -1.70% | 減碼 |
| 38 | UBER | Uber Technologies Inc | -0.2% | +1.02% | 加碼 |
| 39 | AJG | Arthur J Gallagher & Co | -0.2% | -3.29% | 減碼 |
| 40 | HD | Home Depot Inc | -0.3% | +1.44% | 加碼 |
| 41 | NOW | Servicenow Inc | -0.4% | +374.75% | 加碼 |
| 42 | NFLX | Netflix Inc | -0.4% | +907.00% | 加碼 |
| 43 | PEP | Pepsico Inc | -0.9% | -91.69% | 減碼 |
| 44 | MSFT | Microsoft CORP | -1% | +0.12% | 加碼 |
| 45 | ADBE | Adobe Inc | -1.4% | -88.75% | 減碼 |
| 46 | PM | Philip Morris International | — | NEW | 新建倉 |
| 47 | NVO | Novo-nordisk A/s-spons Adr | — | EXIT | 清倉 |
| 48 | MAR | Marriott International -cl A | — | NEW | 新建倉 |
| 49 | FNMA | Fannie Mae | — | EXIT | 清倉 |
| 50 | DY | Dycom Industries Inc | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Talbot Financial, LLC 在 Q4 2025 季度的美股持倉總市值約為 US$13.6億，共申報了 68 個公開持股部位。
在 Q4 2025 季度，Talbot Financial, LLC 按市值排列的前三大核心持股分別為：MSFT (9.9%)、AAPL (9.4%)、GOOG (5.5%)。其中最大持股部位 MSFT 佔據整體投資組合約 9.9% 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
PM
市值: US$1085.3萬
本季最大獲利了結 / 清倉標的
NVO
前期市值: US$766.3萬
在 Q4 2025 季度中，Talbot Financial, LLC 共進行了 49 項持倉異動，包含新建倉 3 個部位、加碼 26 個部位、減碼 18 個部位以及清倉 2 個部位。 其中最大新建倉標的為 PM。 本季清倉部位包含 NVO。
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。