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: 0001832237
申報總市值
US$6.2億
US$6.2億
84 檔
25.5%
根據最新整理的 13F 季度數據集，Te Ahumairangi Investment Management Ltd 於 Q4 2025 結束時的管理資產規模為 US$6.2億。該機構在本季度申報了 84 檔美股持倉，呈現出該時期的主要投資地圖。
在 Q4 2025，Te Ahumairangi Investment Management Ltd 展現出較為審慎的避險與獲利了結姿態。本季共減碼 54 個部位並完全清倉 2 檔持股，調降曝險的部位數量高於加碼動作。
整體而言，Te Ahumairangi Investment Management Ltd 的前 5 大持股（包含 MSFT, VZ, GOOGL）貢獻了組合市值的 25.5%，形成該機構在 Q4 2025 季度的基本面基石。
本季最大新建倉標的
MICC
市值: US$174.4萬
本季最大獲利了結 / 清倉標的
WMT
前期市值: US$364.8萬
| # | 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 | 8.88% | +0.48% | +4.97% | |
| 2 | VZ | Verizon Communications Inc | 股票-通訊服務 | 6.34% | -0.79% | +2.37% | |
| 3 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 5.20% | -0.06% | -20.98% | |
| 4 | AAPL | Apple Inc | 股票-科技 | 5.17% | -0.01% | -14.98% | |
| 5 | EG | Everest Group, Ltd. | 股票-金融 | 2.75% | +0.25% | -5.59% | |
| 6 | VRSN | Verisign Inc | 股票-科技 | 2.26% | -0.07% | +9.52% | |
| 7 | CSCO | Cisco Systems Inc | 股票-科技 | 2.08% | +0.18% | -11.83% | |
| 8 | CHKP | Check Point Software Technologies Ltd. | 股票-科技 | 2.05% | +0.09% | +6.31% | |
| 9 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.98% | -0.12% | -11.81% | |
| 10 | T | At&t Inc | 股票-通訊服務 | 1.96% | -0.36% | +1.11% | |
| 11 | V | Visa Inc-class A Shares | 股票-金融 | 1.86% | +0.18% | -7.38% | |
| 12 | C | Citigroup Inc | 股票-金融 | 1.66% | -0.02% | -24.50% | |
| 13 | NVDA | Nvidia CORP | 股票-科技 | 1.64% | +0.54% | +24.74% | |
| 14 | GWW | Ww Grainger Inc | 股票-工業 | 1.64% | +0.16% | -17.40% | |
| 15 | KR | Kroger Co | 股票-非循環性消費 | 1.61% | -0.22% | -4.06% | |
| 16 | DVA | Davita Inc | 股票-醫療保健 | 1.61% | — | +15.35% | |
| 17 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 1.55% | -0.23% | -22.43% | |
| 18 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.51% | -0.12% | -18.97% | |
| 19 | TRV | Travelers Cos Inc/the | 股票-金融 | 1.49% | +0.17% | -2.18% | |
| 20 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.44% | +0.08% | +6.57% | |
| 21 | NEM | Newmont CORP | 股票-原物料 | 1.42% | -0.38% | -2.61% | |
| 22 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 1.39% | +0.01% | +2.16% | |
| 23 | ED | Consolidated Edison Inc | 股票-公用事業 | 1.37% | +0.02% | -3.95% | |
| 24 | MDT | Medtronic plc | 股票-醫療保健 | 1.19% | +0.28% | +11.33% | |
| 25 | GILD | Gilead Sciences Inc | 股票-醫療保健 | 1.14% | -0.09% | -13.60% | |
| 26 | DIS | Walt Disney Co/the | 股票-通訊服務 | 1.09% | +0.01% | +14.32% | |
| 27 | DGX | Quest Diagnostics Inc | 股票-醫療保健 | 1.07% | +0.06% | -10.20% | |
| 28 | STLA | Stellantis N.V. | 股票-循環性消費 | 1.03% | -0.25% | -28.79% | |
| 29 | LH | Labcorp Holdings Inc | 股票-醫療保健 | 1.03% | +0.16% | +2.13% | |
| 30 | CL | Colgate-palmolive Co | 股票-非循環性消費 | 0.98% | +0.04% | -0.22% | |
| 31 | AVGO | Broadcom Inc | 股票-科技 | 0.95% | -0.04% | -27.12% | |
| 32 | PFE | Pfizer Inc | 股票-醫療保健 | 0.94% | -0.07% | -17.61% | |
| 33 | ELV | Elevance Health Inc | 股票-醫療保健 | 0.94% | -0.01% | -12.06% | |
| 34 | GM | General Motors Co | 股票-循環性消費 | 0.94% | -0.01% | -35.14% | |
| 35 | WPC | Wp Carey Inc | 股票-房地產 | 0.91% | +0.03% | -0.25% | |
| 36 | CCI | Crown Castle Inc | 股票-房地產 | 0.91% | -0.17% | +10.97% | |
| 37 | EXC | Exelon CORP | 股票-公用事業 | 0.91% | — | +8.94% | |
| 38 | HCA | Hca Healthcare Inc | 股票-醫療保健 | 0.91% | +0.02% | -20.59% | |
| 39 | MCK | Mckesson CORP | 股票-醫療保健 | 0.90% | +0.10% | -14.64% | |
| 40 | CAH | Cardinal Health Inc | 股票-醫療保健 | 0.89% | -0.05% | -27.89% | |
| 41 | PSA | Public Storage | 股票-房地產 | 0.87% | -0.03% | +4.82% | |
| 42 | IBM | Intl Business Machines CORP | 股票-科技 | 0.86% | -0.10% | -22.41% | |
| 43 | AEM | Agnico Eagle Mines LTD | 股票-原物料 | 0.85% | -0.23% | -7.14% | |
| 44 | CI | THE Cigna Group | 股票-醫療保健 | 0.84% | — | -1.90% | |
| 45 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.83% | +0.03% | -10.08% | |
| 46 | ADBE | Adobe Inc | 股票-科技 | 0.82% | +0.04% | +10.13% | |
| 47 | MRSH | Marsh & Mclennan Cos | 股票-金融 | 0.82% | +0.26% | +6.84% | |
| 48 | KHC | Kraft Heinz Co/the | 股票-非循環性消費 | 0.79% | -0.14% | -7.60% | |
| 49 | CVS | Cvs Health CORP | 股票-醫療保健 | 0.76% | -0.06% | -23.05% | |
| 50 | BMY | Bristol-myers Squibb Co | 股票-醫療保健 | 0.75% | -0.03% | -15.58% |
| # | 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% | +24.74% | 加碼 |
| 2 | GOOG | Alphabet Inc-cl C | +0.4% | +106.33% | 加碼 |
| 3 | GOOGL | Alphabet Inc-cl A | +0.4% | -20.98% | 減碼 |
| 4 | MSFT | Microsoft CORP | +0.3% | +4.97% | 加碼 |
| 5 | NFLX | Netflix Inc | +0.3% | +1751.01% | 加碼 |
| 6 | NEM | Newmont CORP | +0.3% | -2.61% | 減碼 |
| 7 | AMZN | Amazon.com Inc | +0.2% | +6.57% | 加碼 |
| 8 | MDT | Medtronic plc | +0.2% | +11.33% | 加碼 |
| 9 | DIS | Walt Disney Co/the | +0.2% | +14.32% | 加碼 |
| 10 | DUK | Duke Energy CORP | +0.1% | +29.39% | 加碼 |
| 11 | LLY | Eli Lilly & Co | +0.1% | -16.67% | 減碼 |
| 12 | ADBE | Adobe Inc | +0.1% | +10.13% | 加碼 |
| 13 | TRV | Travelers Cos Inc/the | +0.1% | -2.18% | 減碼 |
| 14 | CSCO | Cisco Systems Inc | +0.1% | -11.83% | 減碼 |
| 15 | RY | Royal Bank Of Canada | +0.1% | -5.88% | 減碼 |
| 16 | EXC | Exelon CORP | +0.1% | +8.94% | 加碼 |
| 17 | UPS | United Parcel Service-cl B | +0.1% | -3.88% | 減碼 |
| 18 | ABNB | Airbnb Inc-class A | +0.1% | -2.46% | 減碼 |
| 19 | XOM | Exxon Mobil CORP | +0.1% | -0.57% | 減碼 |
| 20 | DVA | Davita Inc | +0.1% | +15.35% | 加碼 |
| 21 | CCI | Crown Castle Inc | +0.1% | +10.97% | 加碼 |
| 22 | BMY | Bristol-myers Squibb Co | +0.1% | -15.58% | 減碼 |
| 23 | KGC | Kinross Gold CORP | +0.1% | -11.43% | 減碼 |
| 24 | MRK | Merck & Co. Inc. | 0% | -22.43% | 減碼 |
| 25 | VRTX | Vertex Pharmaceuticals Inc | 0% | -10.31% | 減碼 |
| 26 | CL | Colgate-palmolive Co | 0% | -0.22% | 減碼 |
| 27 | MRSH | Marsh & Mclennan Cos | 0% | +6.84% | 加碼 |
| 28 | SBRA | Sabra Health Care Reit Inc | 0% | -0.70% | 減碼 |
| 29 | REGN | Regeneron Pharmaceuticals | 0% | -27.33% | 減碼 |
| 30 | RIO | Rio Tinto Plc-spon Adr | 0% | -13.45% | 減碼 |
| 31 | WST | West Pharmaceutical Services | 0% | — | 不變 |
| 32 | ACN | Accenture plc | 0% | -8.63% | 減碼 |
| 33 | CVX | Chevron CORP | 0% | +2.41% | 加碼 |
| 34 | VRSN | Verisign Inc | 0% | +9.52% | 加碼 |
| 35 | CHKP | Check Point Software Technologies Ltd. | 0% | +6.31% | 加碼 |
| 36 | PG | Procter & Gamble Co/the | 0% | +2.16% | 加碼 |
| 37 | GILD | Gilead Sciences Inc | 0% | -13.60% | 減碼 |
| 38 | ELV | Elevance Health Inc | 0% | -12.06% | 減碼 |
| 39 | GDDY | Godaddy Inc - Class A | 0% | +7.11% | 加碼 |
| 40 | VZ | Verizon Communications Inc | — | +2.37% | 加碼 |
| 41 | V | Visa Inc-class A Shares | — | -7.38% | 減碼 |
| 42 | ED | Consolidated Edison Inc | — | -3.95% | 減碼 |
| 43 | PSA | Public Storage | — | +4.82% | 加碼 |
| 44 | CAH | Cardinal Health Inc | — | -27.89% | 減碼 |
| 45 | WPC | Wp Carey Inc | — | -0.25% | 減碼 |
| 46 | GIS | General Mills Inc | — | +3.56% | 加碼 |
| 47 | DECK | Deckers Outdoor CORP | — | -7.31% | 減碼 |
| 48 | ROIV | Roivant Sciences Ltd. | — | -33.58% | 減碼 |
| 49 | AEM | Agnico Eagle Mines LTD | 0% | -7.14% | 減碼 |
| 50 | CI | THE Cigna Group | 0% | -1.90% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Te Ahumairangi Investment Management Ltd 在 Q4 2025 季度的美股持倉總市值約為 US$6.2億，共申報了 84 個公開持股部位。
在 Q4 2025 季度，Te Ahumairangi Investment Management Ltd 按市值排列的前三大核心持股分別為：MSFT (8.9%)、VZ (6.3%)、GOOGL (5.2%)。其中最大持股部位 MSFT 佔據整體投資組合約 8.9% 的權重。
在 Q4 2025 季度中，Te Ahumairangi Investment Management Ltd 共進行了 85 項持倉異動，包含新建倉 2 個部位、加碼 27 個部位、減碼 54 個部位以及清倉 2 個部位。 其中最大新建倉標的為 MICC。 本季清倉部位包含 WMT。
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。
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。
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。