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: 0000714142
申報總市值
US$146.9億
US$146.9億
1676 檔
16.6%
根據最新整理的 13F 季度數據集，Teachers Retirement System Of THE State Of Kentucky 於 Q3 2025 結束時的管理資產規模為 US$146.9億。該機構在本季度申報了 1676 檔美股持倉，呈現出該時期的主要投資地圖。
觀察 Q3 2025 的申報異動，Teachers Retirement System Of THE State Of Kentucky 採取了強勁的買進策略，建倉與加碼動作（合計 113 筆）涵蓋多個核心板塊，展現機構對特定產業前景之樂觀態度。
整體而言，Teachers Retirement System Of THE State Of Kentucky 的前 5 大持股（包含 NVDA, MSFT, AAPL）貢獻了組合市值的 16.6%，形成該機構在 Q3 2025 季度的基本面基石。
本季最大新建倉標的
PLTR
市值: US$3007.0萬
本季最大獲利了結 / 清倉標的
SKAA
前期市值: US$1942.6萬
僅顯示前 200 大持股（共 1676 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 | 5.24% | +0.03% | +2.63% | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 4.38% | -0.41% | +0.67% | |
| 3 | AAPL | Apple Inc | 股票-科技 | 3.80% | -0.18% | -1.34% | |
| 4 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.85% | -0.06% | +0.22% | |
| 5 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 2.29% | +0.28% | -1.13% | |
| 6 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.11% | -0.26% | -7.80% | |
| 7 | AVGO | Broadcom Inc | 股票-科技 | 2.00% | +0.23% | -13.62% | |
| 8 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.08% | — | -1.22% | |
| 9 | TSLA | Tesla Inc | 股票-循環性消費 | 0.99% | -0.05% | -1.08% | |
| 10 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.97% | +0.12% | -7.87% | |
| 11 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.96% | +0.14% | +3.51% | |
| 12 | ORCL | Oracle CORP | 股票-科技 | 0.72% | -0.04% | +1.69% | |
| 13 | NFLX | Netflix Inc | 股票-通訊服務 | 0.71% | -0.14% | -26.05% | |
| 14 | V | Visa Inc-class A Shares | 股票-金融 | 0.71% | — | -1.65% | |
| 15 | QCOM | Qualcomm Inc | 股票-科技 | 0.56% | +0.08% | -3.76% | |
| 16 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.55% | -0.04% | — | |
| 17 | MA | Mastercard Inc - A | 股票-金融 | 0.54% | +0.03% | -1.86% | |
| 18 | WFC | Wells Fargo & Co | 股票-金融 | 0.54% | -0.04% | -8.45% | |
| 19 | GILD | Gilead Sciences Inc | 股票-醫療保健 | 0.53% | -0.28% | -2.81% | |
| 20 | PH | Parker Hannifin CORP | 股票-工業 | 0.50% | — | -7.42% | |
| 21 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.49% | +0.06% | — | |
| 22 | WMT | Walmart Inc | 股票-非循環性消費 | 0.49% | -0.11% | +1.58% | |
| 23 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 0.48% | -0.01% | -10.74% | |
| 24 | T | At&t Inc | 股票-通訊服務 | 0.45% | -0.05% | -3.55% | |
| 25 | KLAC | Kla CORP | 股票-科技 | 0.44% | +0.35% | +3.02% | |
| 26 | BAC | Bank Of America CORP | 股票-金融 | 0.44% | +0.02% | -20.18% | |
| 27 | URI | United Rentals Inc | 股票-工業 | 0.44% | +0.13% | -7.11% | |
| 28 | JBL | Jabil Inc | 股票-科技 | 0.43% | +0.05% | -26.07% | |
| 29 | KR | Kroger Co | 股票-非循環性消費 | 0.43% | -0.19% | +4.77% | |
| 30 | AXP | American Express Co | 股票-金融 | 0.42% | — | -1.22% | |
| 31 | MS | Morgan Stanley | 股票-金融 | 0.41% | +0.06% | — | |
| 32 | TMUS | T-mobile US Inc | 股票-通訊服務 | 0.41% | -0.09% | +1.00% | |
| 33 | HD | Home Depot Inc | 股票-循環性消費 | 0.41% | -0.02% | -1.87% | |
| 34 | CSCO | Cisco Systems Inc | 股票-科技 | 0.41% | +0.05% | +150.84% | |
| 35 | AMD | Advanced Micro Devices | 股票-科技 | 0.41% | +0.69% | +46.32% | |
| 36 | TEVA | Teva Pharmaceutical-sp Adr | 股票-醫療保健 | 0.40% | — | +4.26% | |
| 37 | XOM | Exxon Mobil CORP | 股票-能源 | 0.39% | -0.20% | -0.65% | |
| 38 | MDT | Medtronic plc | 股票-醫療保健 | 0.39% | -0.12% | +53.35% | |
| 39 | CB | Chubb Limited | 股票-金融 | 0.38% | +0.03% | -20.54% | |
| 40 | MAS | Masco CORP | 股票-工業 | 0.37% | — | -0.32% | |
| 41 | ADBE | Adobe Inc | 股票-科技 | 0.37% | -0.01% | -5.38% | |
| 42 | PGR | Progressive CORP | 股票-金融 | 0.37% | -0.06% | -12.87% | |
| 43 | SAN | Banco Santander Sa-spon Adr | 股票-金融 | 0.36% | +0.03% | -3.30% | |
| 44 | IBM | Intl Business Machines CORP | 股票-科技 | 0.35% | +0.01% | — | |
| 45 | ING | Ing Groep N.v.-sponsored Adr | 股票-金融 | 0.35% | +0.02% | +0.58% | |
| 46 | BCS | Barclays Plc-spons Adr | 股票-金融 | 0.35% | — | +6.15% | |
| 47 | NOW | Servicenow Inc | 股票-科技 | 0.35% | -0.09% | -1.58% | |
| 48 | RIO | Rio Tinto Plc-spon Adr | 股票-原物料 | 0.35% | -0.04% | +3.93% | |
| 49 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.35% | -0.01% | +3.32% | |
| 50 | PM | Philip Morris International | 股票-非循環性消費 | 0.35% | -0.01% | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +1.7% | +2.63% | 加碼 |
| 2 | MSFT | Microsoft CORP | +0.7% | +0.67% | 加碼 |
| 3 | AVGO | Broadcom Inc | +0.6% | -13.62% | 減碼 |
| 4 | GOOGL | Alphabet Inc-cl A | +0.5% | -1.13% | 減碼 |
| 5 | MDT | Medtronic plc | +0.3% | +53.35% | 加碼 |
| 6 | TSLA | Tesla Inc | +0.3% | -1.08% | 減碼 |
| 7 | ORCL | Oracle CORP | +0.3% | +1.69% | 減碼 |
| 8 | GILD | Gilead Sciences Inc | +0.3% | -2.81% | 加碼 |
| 9 | T | At&t Inc | +0.2% | -3.55% | 加碼 |
| 10 | CSCO | Cisco Systems Inc | +0.2% | +150.84% | 加碼 |
| 11 | UAL | United Airlines Holdings Inc | +0.2% | -21.69% | 加碼 |
| 12 | AMD | Advanced Micro Devices | +0.2% | +46.32% | 加碼 |
| 13 | LEN | Lennar Corp-a | +0.2% | +319.40% | 加碼 |
| 14 | CBRE | Cbre Group Inc - A | +0.2% | +713.66% | 加碼 |
| 15 | NTAP | Netapp Inc | +0.2% | -21.25% | 加碼 |
| 16 | MGM | Mgm Resorts International | +0.2% | -23.53% | 加碼 |
| 17 | DVA | Davita Inc | +0.2% | +4676.45% | 加碼 |
| 18 | BNY | Bank Of New York Mellon CORP | +0.2% | +74.58% | 加碼 |
| 19 | PAYC | Paycom Software Inc | +0.2% | +2661.96% | 加碼 |
| 20 | TEVA | Teva Pharmaceutical-sp Adr | +0.1% | +4.26% | 加碼 |
| 21 | GS | Goldman Sachs Group Inc | +0.1% | +3.32% | 加碼 |
| 22 | GE | General Electric | +0.1% | -0.78% | 加碼 |
| 23 | GOOG | Alphabet Inc-cl C | +0.1% | -7.87% | 減碼 |
| 24 | TMUS | T-mobile US Inc | +0.1% | +1.00% | 加碼 |
| 25 | KLAC | Kla CORP | +0.1% | +3.02% | 加碼 |
| 26 | ADBE | Adobe Inc | +0.1% | -5.38% | 加碼 |
| 27 | CAT | Caterpillar Inc | +0.1% | +57.58% | 加碼 |
| 28 | TSM | Taiwan Semiconductor-sp Adr | +0.1% | +8.35% | 加碼 |
| 29 | FSLR | First Solar Inc | +0.1% | +17.49% | 加碼 |
| 30 | RGEN | Repligen CORP | +0.1% | +678.29% | 加碼 |
| 31 | VIPS | Vipshop Holdings LTD - Adr | +0.1% | +36.76% | 加碼 |
| 32 | FMS | Fresenius Medical Care-adr | +0.1% | +8.32% | 加碼 |
| 33 | RBLX | Roblox CORP -class A | +0.1% | -7.26% | 減碼 |
| 34 | VOYA | Voya Financial Inc | +0.1% | +23.06% | 加碼 |
| 35 | WLK | Westlake CORP | +0.1% | +57.42% | 加碼 |
| 36 | MU | Micron Technology Inc | +0.1% | -9.86% | 減碼 |
| 37 | KR | Kroger Co | +0.1% | +4.77% | 加碼 |
| 38 | URI | United Rentals Inc | +0.1% | -7.11% | 減碼 |
| 39 | ANET | Arista Networks Inc | +0.1% | — | 加碼 |
| 40 | IR | Ingersoll-rand Inc | +0.1% | +24.12% | 加碼 |
| 41 | LOW | Lowe's Cos Inc | +0.1% | +86.31% | 加碼 |
| 42 | POOL | Pool CORP | +0.1% | +9.98% | 加碼 |
| 43 | ICE | Intercontinental Exchange In | +0.1% | +134.36% | 加碼 |
| 44 | JPM | Jpmorgan Chase & Co | +0.1% | -1.22% | 減碼 |
| 45 | DASH | Doordash Inc - A | +0.1% | -7.24% | 減碼 |
| 46 | NTES | Netease Inc-adr | +0.1% | +8.32% | 加碼 |
| 47 | VALE | Vale Sa-sp Adr | +0.1% | +52.25% | 加碼 |
| 48 | SRE | Sempra | +0.1% | +34.62% | 加碼 |
| 49 | MDB | Mongodb Inc | +0.1% | +13.75% | 加碼 |
| 50 | ITT | Itt Inc | +0.1% | -2.06% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Teachers Retirement System Of THE State Of Kentucky 在 Q3 2025 季度的美股持倉總市值約為 US$146.9億，共申報了 1676 個公開持股部位。
在 Q3 2025 季度，Teachers Retirement System Of THE State Of Kentucky 按市值排列的前三大核心持股分別為：NVDA (5.2%)、MSFT (4.4%)、AAPL (3.8%)。其中最大持股部位 NVDA 佔據整體投資組合約 5.2% 的權重。
在 Q3 2025 季度中，Teachers Retirement System Of THE State Of Kentucky 共進行了 197 項持倉異動，包含新建倉 14 個部位、加碼 99 個部位、減碼 80 個部位以及清倉 4 個部位。 其中最大新建倉標的為 PLTR。 本季清倉部位包含 SKAA。
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。