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: 0000850401
申報總市值
US$148.7億
US$148.7億
238 檔
22.1%
在 Q3 2025 的 13F 官方備案中，Tcw Group Inc 管理的美股投資組合規模來到 US$148.7億，整體持股檔數為 238 檔。
數據顯示 Tcw Group Inc 於 Q3 2025 季度持續回收資金，對 14 個既有部位進行裁減並清倉 14 個標的，組合整體流動性比重有所上升。
從部位權重觀察，前 5 大標的（包含 NVDA, MSFT, GOOG）累計市值佔比達 22.1%，是驅動 Tcw Group Inc 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 238 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 | NVDA | Nvidia CORP | 股票-科技 | 9.64% | -0.52% | -8.50% | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 6.25% | -1.34% | -9.65% | |
| 3 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 4.09% | +0.53% | -13.44% | |
| 4 | AVGO | Broadcom Inc | 股票-科技 | 3.90% | +0.07% | -9.05% | |
| 5 | AMZN | Amazon.com Inc | 股票-循環性消費 | 3.70% | -1.15% | -14.73% | |
| 6 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.97% | -0.48% | -12.91% | |
| 7 | NOW | Servicenow Inc | 股票-科技 | 2.89% | -0.36% | -2.34% | |
| 8 | ACLO | Tcw Aaa Clo ETF | ETF-其他 | 2.40% | -0.32% | +4.27% | |
| 9 | V | Visa Inc-class A Shares | 股票-金融 | 1.86% | -0.16% | -6.90% | |
| 10 | MA | Mastercard Inc - A | 股票-金融 | 1.67% | -0.25% | -6.65% | |
| 11 | SLNZ | Tcw Senior Loan ETF | ETF-其他 | 1.64% | -0.17% | -4.01% | |
| 12 | GE | General Electric | 股票-工業 | 1.47% | +0.23% | -38.29% | |
| 13 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 1.40% | -0.35% | -5.88% | |
| 14 | CRWD | Crowdstrike Holdings Inc - A | 股票-科技 | 1.38% | -0.28% | -12.69% | |
| 15 | SHOP | Shopify Inc - Class A | 股票-科技 | 1.37% | -0.25% | -10.40% | |
| 16 | CDNS | Cadence Design Sys Inc | 股票-科技 | 1.37% | +0.06% | -1.57% | |
| 17 | PANW | Palo Alto Networks Inc | 股票-科技 | 1.35% | +0.71% | -20.49% | |
| 18 | ORLY | O'reilly Automotive Inc | 股票-循環性消費 | 1.33% | -0.26% | -0.57% | |
| 19 | ANET | Arista Networks Inc | 股票-科技 | 1.32% | +0.29% | +72.54% | |
| 20 | INTC | Intel CORP | 股票-科技 | 1.21% | -0.31% | +119.90% | |
| 21 | SPGI | S&p Global Inc | 股票-金融 | 1.20% | -0.23% | -8.75% | |
| 22 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.19% | -0.03% | -8.98% | |
| 23 | IBM | Intl Business Machines CORP | 股票-科技 | 1.15% | +0.05% | -17.46% | |
| 24 | BSX | Boston Scientific CORP | 股票-醫療保健 | 1.09% | -0.34% | -4.17% | |
| 25 | ISRG | Intuitive Surgical Inc | 股票-醫療保健 | 1.02% | -0.31% | -3.88% | |
| 26 | MCK | Mckesson CORP | 股票-醫療保健 | 1.01% | -0.21% | +3.68% | |
| 27 | BNY | Bank Of New York Mellon CORP | 股票-金融 | 1.00% | +0.07% | +7.16% | |
| 28 | TYL | Tyler Technologies Inc | 股票-科技 | 1.00% | -0.02% | +14.89% | |
| 29 | WCN | Waste Connections Inc | 股票-工業 | 0.96% | -0.14% | -4.31% | |
| 30 | CRM | Salesforce Inc | 股票-科技 | 0.91% | — | +55.34% | |
| 31 | ICE | Intercontinental Exchange In | 股票-金融 | 0.90% | -0.27% | -6.78% | |
| 32 | NI | Nisource Inc | 股票-公用事業 | 0.85% | -0.20% | +39.95% | |
| 33 | ASML | ASML Holding N.V. | 股票-科技 | 0.85% | +0.27% | -42.47% | |
| 34 | TPR | Tapestry Inc | 股票-循環性消費 | 0.81% | -0.44% | +11.32% | |
| 35 | GM | General Motors Co | 股票-循環性消費 | 0.79% | — | +15.28% | |
| 36 | XYL | Xylem Inc | 股票-工業 | 0.78% | -0.11% | +71.17% | |
| 37 | LEN | Lennar Corp-a | 股票-循環性消費 | 0.74% | -0.10% | +42.83% | |
| 38 | MS | Morgan Stanley | 股票-金融 | 0.73% | +0.03% | -14.41% | |
| 39 | DIS | Walt Disney Co/the | 股票-通訊服務 | 0.72% | -0.09% | -3.74% | |
| 40 | BKR | Baker Hughes Co | 股票-能源 | 0.72% | -0.25% | +13.77% | |
| 41 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.70% | — | -13.73% | |
| 42 | APO | Apollo Global Management Inc | 股票-金融 | 0.70% | +0.27% | +63.92% | |
| 43 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 0.69% | +0.02% | +0.19% | |
| 44 | ETN | Eaton Corporation plc | 股票-工業 | 0.69% | +0.05% | +171.70% | |
| 45 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.67% | +0.01% | -13.81% | |
| 46 | NTAP | Netapp Inc | 股票-科技 | 0.65% | +0.25% | +95.21% | |
| 47 | ZTS | Zoetis Inc | 股票-醫療保健 | 0.62% | -0.01% | -3.48% | |
| 48 | SPOT | Spotify Technology S.A. | 股票-通訊服務 | 0.61% | -0.20% | +96.64% | |
| 49 | JLL | Jones Lang Lasalle Inc | 股票-房地產 | 0.60% | -0.20% | -13.73% | |
| 50 | MET | Metlife Inc | 股票-金融 | 0.59% | — | +11.42% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +3.1% | -8.50% | 減碼 |
| 2 | AVGO | Broadcom Inc | +1.6% | -9.05% | 減碼 |
| 3 | GOOG | Alphabet Inc-cl C | +1% | -13.44% | 減碼 |
| 4 | INTC | Intel CORP | +1% | +119.90% | 加碼 |
| 5 | MSFT | Microsoft CORP | +0.9% | -9.65% | 減碼 |
| 6 | ANET | Arista Networks Inc | +0.9% | +72.54% | 加碼 |
| 7 | LITE | Lumentum Holdings Inc | +0.6% | +15.38% | 加碼 |
| 8 | SPOT | Spotify Technology S.A. | +0.5% | +96.64% | 加碼 |
| 9 | ETN | Eaton Corporation plc | +0.5% | +171.70% | 加碼 |
| 10 | ACLO | Tcw Aaa Clo ETF | +0.5% | +4.27% | 加碼 |
| 11 | XYL | Xylem Inc | +0.4% | +71.17% | 加碼 |
| 12 | TPR | Tapestry Inc | +0.4% | +11.32% | 加碼 |
| 13 | FLXR | Tcw Flexible Income ETF | +0.3% | +21.55% | 加碼 |
| 14 | NTAP | Netapp Inc | +0.3% | +95.21% | 加碼 |
| 15 | SHOP | Shopify Inc - Class A | +0.3% | -10.40% | 減碼 |
| 16 | CDNS | Cadence Design Sys Inc | +0.3% | -1.57% | 減碼 |
| 17 | CSX | Csx CORP | +0.3% | +3031.78% | 加碼 |
| 18 | BNY | Bank Of New York Mellon CORP | +0.2% | +7.16% | 加碼 |
| 19 | APO | Apollo Global Management Inc | +0.2% | +63.92% | 加碼 |
| 20 | GM | General Motors Co | +0.2% | +15.28% | 加碼 |
| 21 | NI | Nisource Inc | +0.2% | +39.95% | 加碼 |
| 22 | EQH | Equitable Holdings Inc | +0.2% | +28.52% | 加碼 |
| 23 | TYL | Tyler Technologies Inc | +0.2% | +14.89% | 加碼 |
| 24 | CRM | Salesforce Inc | +0.2% | +55.34% | 加碼 |
| 25 | LEN | Lennar Corp-a | +0.2% | +42.83% | 加碼 |
| 26 | NOW | Servicenow Inc | +0.1% | -2.34% | 減碼 |
| 27 | XOM | Exxon Mobil CORP | -0.3% | -12.25% | 減碼 |
| 28 | AMGN | Amgen Inc | -0.3% | -22.18% | 減碼 |
| 29 | T | At&t Inc | -0.3% | -46.29% | 減碼 |
| 30 | PEP | Pepsico Inc | -0.4% | -50.38% | 減碼 |
| 31 | GE | General Electric | -0.5% | -38.29% | 減碼 |
| 32 | AAPL | Apple Inc | -0.6% | -53.02% | 減碼 |
| 33 | FISV | Fiserv Inc | -0.8% | -19.89% | 減碼 |
| 34 | UNH | Unitedhealth Group Inc | — | EXIT | 清倉 |
| 35 | IT | Gartner Inc | — | EXIT | 清倉 |
| 36 | ADBE | Adobe Inc | — | EXIT | 清倉 |
| 37 | SPG | Simon Property Group Inc | — | EXIT | 清倉 |
| 38 | EQIX | Equinix Inc | — | NEW | 新建倉 |
| 39 | AMP | Ameriprise Financial Inc | — | EXIT | 清倉 |
| 40 | GEV | GE Vernova Inc | — | EXIT | 清倉 |
| 41 | DKS | Dick's Sporting Goods Inc | — | EXIT | 清倉 |
| 42 | RSG | Republic Services Inc | — | EXIT | 清倉 |
| 43 | TXN | Texas Instruments Inc | — | EXIT | 清倉 |
| 44 | WFC | Wells Fargo & Co | — | EXIT | 清倉 |
| 45 | KKR | Kkr & Co Inc | — | EXIT | 清倉 |
| 46 | ETR | Entergy CORP | — | NEW | 新建倉 |
| 47 | BBY | Best Buy Co Inc | — | EXIT | 清倉 |
| 48 | APG | Api Group CORP | — | NEW | 新建倉 |
| 49 | CVX | Chevron CORP | — | EXIT | 清倉 |
| 50 | TXT | Textron Inc | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Tcw Group Inc 在 Q3 2025 季度的美股持倉總市值約為 US$148.7億，共申報了 238 個公開持股部位。
在 Q3 2025 季度，Tcw Group Inc 按市值排列的前三大核心持股分別為：NVDA (9.6%)、MSFT (6.3%)、GOOG (4.1%)。其中最大持股部位 NVDA 佔據整體投資組合約 9.6% 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
EQIX
市值: US$5901.2萬
本季最大獲利了結 / 清倉標的
UNH
前期市值: US$1.5億
在 Q3 2025 季度中，Tcw Group Inc 共進行了 50 項持倉異動，包含新建倉 3 個部位、加碼 19 個部位、減碼 14 個部位以及清倉 14 個部位。 其中最大新建倉標的為 EQIX。 本季清倉部位包含 UNH。
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。