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: 0001483870
申報總市值
US$38.1億
US$38.1億
617 檔
28.3%
截至 Q4 2025 季度末，TCTC Holdings, LLC 的美股持倉估值約為 US$38.1億，全數申報部位共有 617 檔。
在 Q4 2025，TCTC Holdings, LLC 展現出較為審慎的避險與獲利了結姿態。本季共減碼 34 個部位並完全清倉 0 檔持股，調降曝險的部位數量高於加碼動作。
檢視投資組合結構，前 5 大主力部位（包含 DINO, MSFT, JPM）占據了總市值的 28.3%，展現出該機構在 Q4 2025 的重點資金聚焦與風險分佈特徵。
僅顯示前 200 大持股（共 617 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 | DINO | Hf Sinclair CORP | 股票-能源 | 16.98% | +0.65% | -0.00% | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 4.85% | -0.21% | -0.22% | |
| 3 | JPM | Jpmorgan Chase & Co | 股票-金融 | 3.72% | +0.09% | -0.19% | |
| 4 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 3.53% | -0.12% | -0.00% | |
| 5 | IBM | Intl Business Machines CORP | 股票-科技 | 3.13% | +0.17% | -0.06% | |
| 6 | WM | Waste Management Inc | 股票-工業 | 3.00% | -0.32% | +0.47% | |
| 7 | AFL | Aflac Inc | 股票-金融 | 2.67% | -0.04% | -0.06% | |
| 8 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 2.58% | +0.28% | -1.34% | |
| 9 | AAPL | Apple Inc | 股票-科技 | 2.50% | +0.13% | -3.98% | |
| 10 | CB | Chubb Limited | 股票-金融 | 2.25% | -0.08% | -0.27% | |
| 11 | UBER | Uber Technologies Inc | 股票-工業 | 2.10% | -0.13% | +0.64% | |
| 12 | BAC | Bank Of America CORP | 股票-金融 | 1.77% | +0.12% | -0.60% | |
| 13 | LIN | Linde plc | 股票-原物料 | 1.65% | -0.05% | +1.16% | |
| 14 | NVS | Novartis Ag-sponsored Adr | 股票-醫療保健 | 1.62% | -0.09% | +0.68% | |
| 15 | WMB | Williams Cos Inc | 股票-能源 | 1.60% | -0.11% | -0.19% | |
| 16 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 1.46% | +0.17% | -1.95% | |
| 17 | QCOM | Qualcomm Inc | 股票-科技 | 1.35% | +0.31% | -0.49% | |
| 18 | ORI | Old Republic Intl CORP | 股票-金融 | 1.34% | -0.06% | -0.22% | |
| 19 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.32% | +0.07% | -3.12% | |
| 20 | AON | Aon plc | 股票-金融 | 1.27% | -0.05% | +0.08% | |
| 21 | RNR | RenaissanceRe Holdings Ltd. | 股票-金融 | 1.26% | -0.02% | — | |
| 22 | FCX | Freeport-mcmoran Inc | 股票-原物料 | 1.15% | -0.01% | +0.24% | |
| 23 | CRM | Salesforce Inc | 股票-科技 | 1.00% | -0.18% | -1.16% | |
| 24 | PFE | Pfizer Inc | 股票-醫療保健 | 0.92% | -0.21% | -1.46% | |
| 25 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.91% | +0.06% | -0.97% | |
| 26 | LVS | Las Vegas Sands CORP | 股票-循環性消費 | 0.89% | -0.15% | -0.34% | |
| 27 | WMT | Walmart Inc | 股票-非循環性消費 | 0.88% | -0.15% | -0.32% | |
| 28 | CVS | Cvs Health CORP | 股票-醫療保健 | 0.87% | +0.24% | -0.16% | |
| 29 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.87% | +0.26% | -0.06% | |
| 30 | PEP | Pepsico Inc | 股票-非循環性消費 | 0.86% | -0.17% | -0.25% | |
| 31 | LOW | Lowe's Cos Inc | 股票-循環性消費 | 0.85% | -0.11% | -0.59% | |
| 32 | NEE | Nextera Energy Inc | 股票-公用事業 | 0.84% | -0.11% | +0.45% | |
| 33 | PM | Philip Morris International | 股票-非循環性消費 | 0.84% | +0.01% | -1.02% | |
| 34 | CFR | Cullen/frost Bankers Inc | 股票-金融 | 0.82% | +0.03% | -0.09% | |
| 35 | CSCO | Cisco Systems Inc | 股票-科技 | 0.82% | +0.30% | -0.32% | |
| 36 | PSX | Phillips 66 | 股票-能源 | 0.80% | -0.15% | -0.35% | |
| 37 | NVDA | Nvidia CORP | 股票-科技 | 0.75% | +0.07% | -0.07% | |
| 38 | COP | Conocophillips | 股票-能源 | 0.66% | -0.25% | -0.69% | |
| 39 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 0.64% | +0.02% | +29.88% | |
| 40 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.63% | -0.01% | -0.63% | |
| 41 | RTX | Rtx CORP | 股票-工業 | 0.63% | +0.12% | -0.52% | |
| 42 | BMY | Bristol-myers Squibb Co | 股票-醫療保健 | 0.63% | -0.08% | -0.13% | |
| 43 | EG | Everest Group, Ltd. | 股票-金融 | 0.62% | — | -0.01% | |
| 44 | MO | Altria Group Inc | 股票-非循環性消費 | 0.62% | +0.01% | — | |
| 45 | ACA | Arcosa Inc | 股票-工業 | 0.58% | +0.15% | -0.21% | |
| 46 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 0.58% | +0.07% | -1.54% | |
| 47 | GE | General Electric | 股票-工業 | 0.55% | +0.10% | — | |
| 48 | INTC | Intel CORP | 股票-科技 | 0.53% | -0.27% | — | |
| 49 | SCHW | Schwab (charles) CORP | 股票-金融 | 0.52% | -0.04% | -0.11% | |
| 50 | MMM | 3m Co | 股票-工業 | 0.50% | +0.02% | — |
| # | 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 | +0.6% | -1.34% | 減碼 |
| 2 | FCX | Freeport-mcmoran Inc | +0.3% | +0.24% | 加碼 |
| 3 | CB | Chubb Limited | +0.2% | -0.27% | 減碼 |
| 4 | IBM | Intl Business Machines CORP | +0.2% | -0.06% | 減碼 |
| 5 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.2% | +29.88% | 加碼 |
| 6 | LVS | Las Vegas Sands CORP | +0.2% | -0.34% | 減碼 |
| 7 | NVS | Novartis Ag-sponsored Adr | +0.1% | +0.68% | 加碼 |
| 8 | GOOGL | Alphabet Inc-cl A | +0.1% | -1.54% | 減碼 |
| 9 | RNR | RenaissanceRe Holdings Ltd. | +0.1% | — | 不變 |
| 10 | MRK | Merck & Co. Inc. | +0.1% | -0.63% | 減碼 |
| 11 | BMY | Bristol-myers Squibb Co | +0.1% | -0.13% | 減碼 |
| 12 | BAC | Bank Of America CORP | +0.1% | -0.60% | 減碼 |
| 13 | CRM | Salesforce Inc | +0.1% | -1.16% | 減碼 |
| 14 | ORI | Old Republic Intl CORP | +0.1% | -0.22% | 減碼 |
| 15 | JPM | Jpmorgan Chase & Co | +0.1% | -0.19% | 減碼 |
| 16 | CSCO | Cisco Systems Inc | +0.1% | -0.32% | 減碼 |
| 17 | LLY | Eli Lilly & Co | +0.1% | +16.46% | 加碼 |
| 18 | ACA | Arcosa Inc | +0.1% | -0.21% | 減碼 |
| 19 | WMT | Walmart Inc | +0.1% | -0.32% | 減碼 |
| 20 | AAPL | Apple Inc | +0.1% | -3.98% | 減碼 |
| 21 | NEE | Nextera Energy Inc | +0.1% | +0.45% | 加碼 |
| 22 | RTX | Rtx CORP | +0.1% | -0.52% | 減碼 |
| 23 | DBRG | Digitalbridge Group Inc | +0.1% | +39.18% | 加碼 |
| 24 | INTC | Intel CORP | +0.1% | — | 不變 |
| 25 | AMGN | Amgen Inc | +0.1% | -0.60% | 減碼 |
| 26 | TSM | Taiwan Semiconductor-sp Adr | 0% | +265.46% | 加碼 |
| 27 | CVS | Cvs Health CORP | 0% | -0.16% | 減碼 |
| 28 | JNJ | Johnson & Johnson | 0% | +0.01% | 加碼 |
| 29 | ADI | Analog Devices Inc | 0% | -0.94% | 減碼 |
| 30 | BA | Boeing Co/the | 0% | +52.96% | 加碼 |
| 31 | ASML | ASML Holding N.V. | 0% | +205.40% | 加碼 |
| 32 | AFL | Aflac Inc | 0% | -0.06% | 減碼 |
| 33 | UNH | Unitedhealth Group Inc | 0% | -0.06% | 減碼 |
| 34 | CMCSA | Comcast Corp-class A | 0% | -2.97% | 減碼 |
| 35 | PFE | Pfizer Inc | 0% | -1.46% | 減碼 |
| 36 | MDLZ | Mondelez International Inc-a | 0% | +0.54% | 加碼 |
| 37 | PSX | Phillips 66 | 0% | -0.35% | 減碼 |
| 38 | LOW | Lowe's Cos Inc | 0% | -0.59% | 減碼 |
| 39 | ADBE | Adobe Inc | 0% | -21.81% | 減碼 |
| 40 | MAC | Macerich Co/the | 0% | -80.00% | 減碼 |
| 41 | MPC | Marathon Petroleum CORP | -0.1% | -0.51% | 減碼 |
| 42 | WMB | Williams Cos Inc | -0.1% | -0.19% | 減碼 |
| 43 | MO | Altria Group Inc | -0.1% | — | 不變 |
| 44 | OXY | Occidental Petroleum CORP | -0.1% | -1.66% | 減碼 |
| 45 | BX | Blackstone Inc | -0.1% | -42.59% | 減碼 |
| 46 | ORCL | Oracle CORP | -0.1% | -60.84% | 減碼 |
| 47 | LIN | Linde plc | -0.2% | +1.16% | 加碼 |
| 48 | MSFT | Microsoft CORP | -0.3% | -0.22% | 減碼 |
| 49 | UBER | Uber Technologies Inc | -0.4% | +0.64% | 加碼 |
| 50 | DINO | Hf Sinclair CORP | -2.2% | -0.00% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，TCTC Holdings, LLC 在 Q4 2025 季度的美股持倉總市值約為 US$38.1億，共申報了 617 個公開持股部位。
在 Q4 2025 季度，TCTC Holdings, LLC 按市值排列的前三大核心持股分別為：DINO (17.0%)、MSFT (4.8%)、JPM (3.7%)。其中最大持股部位 DINO 佔據整體投資組合約 17.0% 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。
本季最大獲利了結 / 清倉標的
DINO
前期市值: US$6.5億
在 Q4 2025 季度中，TCTC Holdings, LLC 共進行了 47 項持倉異動，包含新建倉 0 個部位、加碼 13 個部位、減碼 34 個部位以及清倉 0 個部位。
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。