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: 0001655789
申報總市值
US$5182.0萬
US$5182.0萬
77 檔
11.2%
Q4 2025 季度申報顯示，Teza Capital Management LLC 揭露的美股組合總市值為 US$5182.0萬，涵蓋 77 個不同之權益投資部位。
觀察 Q4 2025 的申報異動，Teza Capital Management LLC 採取了強勁的買進策略，建倉與加碼動作（合計 56 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。
檢視投資組合結構，前 5 大主力部位（包含 BAC, USB, NVDA）占據了總市值的 11.2%，展現出該機構在 Q4 2025 的重點資金聚焦與風險分佈特徵。
| # | 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 | BAC | Bank Of America CORP | 股票-金融 | 5.57% | -2.41% | — | |
| 2 | USB | US Bancorp | 股票-金融 | 4.62% | -0.14% | +101.28% | |
| 3 | NVDA | Nvidia CORP | 股票-科技 | 3.17% | -0.10% | -19.57% | |
| 4 | BSX | Boston Scientific CORP | 股票-醫療保健 | 2.73% | -0.67% | +15.15% | |
| 5 | MMM | 3m Co | 股票-工業 | 2.65% | -1.33% | +148.96% | |
| 6 | SLB | Slb LTD | 股票-能源 | 2.57% | -2.18% | -0.06% | |
| 7 | KMB | Kimberly-clark CORP | 股票-非循環性消費 | 2.29% | — | — | |
| 8 | TFC | Truist Financial CORP | 股票-金融 | 2.17% | -1.22% | +5.46% | |
| 9 | GE | General Electric | 股票-工業 | 2.07% | -0.93% | — | |
| 10 | ABBV | Abbvie Inc | 股票-醫療保健 | 2.00% | -0.49% | +85.28% | |
| 11 | BNY | Bank Of New York Mellon CORP | 股票-金融 | 1.98% | -0.77% | EXIT | |
| 12 | DXCM | Dexcom Inc | 股票-醫療保健 | 1.95% | — | — | |
| 13 | FITB | Fifth Third Bancorp | 股票-金融 | 1.93% | -1.51% | — | |
| 14 | TTD | Trade Desk Inc/the -class A | 股票-通訊服務 | 1.85% | — | — | |
| 15 | MS | Morgan Stanley | 股票-金融 | 1.84% | -0.68% | -9.27% | |
| 16 | MU | Micron Technology Inc | 股票-科技 | 1.74% | +2.15% | -30.07% | |
| 17 | AFL | Aflac Inc | 股票-金融 | 1.60% | -0.19% | +20.24% | |
| 18 | ORLY | O'reilly Automotive Inc | 股票-循環性消費 | 1.59% | — | — | |
| 19 | MET | Metlife Inc | 股票-金融 | 1.51% | -1.23% | EXIT | |
| 20 | STT | State Street CORP | 股票-金融 | 1.48% | — | — | |
| 21 | LMT | Lockheed Martin CORP | 股票-工業 | 1.48% | — | — | |
| 22 | C | Citigroup Inc | 股票-金融 | 1.44% | -0.50% | — | |
| 23 | KEY | Keycorp | 股票-金融 | 1.42% | -0.84% | -2.74% | |
| 24 | AVGO | Broadcom Inc | 股票-科技 | 1.36% | +0.75% | NEW | |
| 25 | PFE | Pfizer Inc | 股票-醫療保健 | 1.36% | — | — | |
| 26 | PGR | Progressive CORP | 股票-金融 | 1.35% | -0.75% | +11.54% | |
| 27 | PRU | Prudential Financial Inc | 股票-金融 | 1.35% | — | — | |
| 28 | CPRT | Copart Inc | 股票-工業 | 1.30% | — | +71.03% | |
| 29 | TSLA | Tesla Inc | 股票-循環性消費 | 1.29% | -0.27% | +46.88% | |
| 30 | CAH | Cardinal Health Inc | 股票-醫療保健 | 1.27% | — | — | |
| 31 | ISRG | Intuitive Surgical Inc | 股票-醫療保健 | 1.23% | — | — | |
| 32 | CARR | Carrier Global CORP | 股票-工業 | 1.21% | — | — | |
| 33 | PCAR | Paccar Inc | 股票-工業 | 1.20% | -0.84% | +7.68% | |
| 34 | CNC | Centene CORP | 股票-醫療保健 | 1.10% | — | — | |
| 35 | HAS | Hasbro Inc | 股票-循環性消費 | 1.10% | — | — | |
| 36 | CIEN | Ciena CORP | 股票-科技 | 1.10% | +0.24% | -30.58% | |
| 37 | SYK | Stryker CORP | 股票-醫療保健 | 1.09% | -0.59% | -1.03% | |
| 38 | NET | Cloudflare Inc - Class A | 股票-科技 | 1.07% | -0.28% | +59.56% | |
| 39 | NWSA | News CORP - Class A | 股票-通訊服務 | 1.06% | — | +30.62% | |
| 40 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 1.02% | -0.42% | -9.06% | |
| 41 | AMAT | Applied Materials Inc | 股票-科技 | 1.02% | +0.97% | NEW | |
| 42 | DTE | Dte Energy Company | 股票-公用事業 | 1.02% | — | — | |
| 43 | TRGP | Targa Resources CORP | 股票-能源 | 1.01% | -0.55% | -7.83% | |
| 44 | NOW | Servicenow Inc | 股票-科技 | 0.99% | — | — | |
| 45 | AXS | AXIS Capital Holdings Limited | 股票-金融 | 0.99% | +0.42% | NEW | |
| 46 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.96% | — | — | |
| 47 | CTAS | Cintas CORP | 股票-工業 | 0.94% | -0.80% | EXIT | |
| 48 | LRCX | Lam Research CORP | 股票-科技 | 0.93% | +1.22% | NEW | |
| 49 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.91% | — | — | |
| 50 | DT | Dynatrace Inc | 股票-科技 | 0.90% | — | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | USB | US Bancorp | +1.1% | +101.28% | 加碼 |
| 2 | MMM | 3m Co | +0.9% | +148.96% | 加碼 |
| 3 | ABBV | Abbvie Inc | +0.2% | +85.28% | 加碼 |
| 4 | HAIN | Hain Celestial Group Inc | -0.1% | — | 不變 |
| 5 | CPRT | Copart Inc | -0.2% | +71.03% | 加碼 |
| 6 | NET | Cloudflare Inc - Class A | -0.2% | +59.56% | 加碼 |
| 7 | TSLA | Tesla Inc | -0.2% | +46.88% | 加碼 |
| 8 | CTAS | Cintas CORP | -0.4% | +33.08% | 加碼 |
| 9 | EW | Edwards Lifesciences CORP | -0.4% | -3.84% | 減碼 |
| 10 | PCAR | Paccar Inc | -0.5% | +7.68% | 加碼 |
| 11 | NWSA | News CORP - Class A | -0.5% | +30.62% | 加碼 |
| 12 | CIEN | Ciena CORP | -0.6% | -30.58% | 減碼 |
| 13 | DVN | Devon Energy CORP | -0.6% | -9.81% | 減碼 |
| 14 | C | Citigroup Inc | -0.7% | — | 不變 |
| 15 | TRGP | Targa Resources CORP | -0.7% | -7.83% | 減碼 |
| 16 | AFL | Aflac Inc | -0.7% | +20.24% | 加碼 |
| 17 | ADBE | Adobe Inc | -0.7% | -14.17% | 減碼 |
| 18 | MU | Micron Technology Inc | -0.7% | -30.07% | 減碼 |
| 19 | KEY | Keycorp | -0.8% | -2.74% | 減碼 |
| 20 | SYK | Stryker CORP | -0.9% | -1.03% | 減碼 |
| 21 | WMB | Williams Cos Inc | -0.9% | -21.91% | 減碼 |
| 22 | PGR | Progressive CORP | -0.9% | +11.54% | 加碼 |
| 23 | UNH | Unitedhealth Group Inc | -1% | -9.06% | 減碼 |
| 24 | TFC | Truist Financial CORP | -1% | +5.46% | 加碼 |
| 25 | FITB | Fifth Third Bancorp | -1.2% | — | 不變 |
| 26 | FISV | Fiserv Inc | -1.2% | +18.45% | 加碼 |
| 27 | MS | Morgan Stanley | -1.2% | -9.27% | 減碼 |
| 28 | GLW | Corning Inc | -1.3% | -40.15% | 減碼 |
| 29 | SLB | Slb LTD | -1.3% | -0.06% | 減碼 |
| 30 | GE | General Electric | -1.3% | — | 不變 |
| 31 | BSX | Boston Scientific CORP | -1.4% | +15.15% | 加碼 |
| 32 | LRCX | Lam Research CORP | -1.5% | -49.69% | 減碼 |
| 33 | EXE | Expand Energy CORP | -1.8% | -49.49% | 減碼 |
| 34 | BAC | Bank Of America CORP | -3.2% | — | 不變 |
| 35 | NVDA | Nvidia CORP | -3.5% | -19.57% | 減碼 |
| 36 | KMB | Kimberly-clark CORP | — | NEW | 新建倉 |
| 37 | BNY | Bank Of New York Mellon CORP | — | NEW | 新建倉 |
| 38 | DXCM | Dexcom Inc | — | NEW | 新建倉 |
| 39 | TTD | Trade Desk Inc/the -class A | — | NEW | 新建倉 |
| 40 | ORLY | O'reilly Automotive Inc | — | NEW | 新建倉 |
| 41 | MET | Metlife Inc | — | NEW | 新建倉 |
| 42 | STT | State Street CORP | — | NEW | 新建倉 |
| 43 | LMT | Lockheed Martin CORP | — | NEW | 新建倉 |
| 44 | AVGO | Broadcom Inc | — | NEW | 新建倉 |
| 45 | PFE | Pfizer Inc | — | NEW | 新建倉 |
| 46 | PRU | Prudential Financial Inc | — | NEW | 新建倉 |
| 47 | CAH | Cardinal Health Inc | — | NEW | 新建倉 |
| 48 | ISRG | Intuitive Surgical Inc | — | NEW | 新建倉 |
| 49 | CARR | Carrier Global CORP | — | NEW | 新建倉 |
| 50 | GIS | General Mills Inc | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Teza Capital Management LLC 在 Q4 2025 季度的美股持倉總市值約為 US$5182.0萬，共申報了 77 個公開持股部位。
在 Q4 2025 季度，Teza Capital Management LLC 按市值排列的前三大核心持股分別為：BAC (5.6%)、USB (4.6%)、NVDA (3.2%)。其中最大持股部位 BAC 佔據整體投資組合約 5.6% 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
KMB
市值: US$71.1萬
本季最大獲利了結 / 清倉標的
GIS
前期市值: US$35.9萬
在 Q4 2025 季度中，Teza Capital Management LLC 共進行了 83 項持倉異動，包含新建倉 42 個部位、加碼 14 個部位、減碼 16 個部位以及清倉 11 個部位。 其中最大新建倉標的為 KMB。 本季清倉部位包含 GIS。
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。