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: 0001071483
申報總市值
US$56.3億
US$56.3億
176 檔
6.9%
根據最新整理的 13F 季度數據集，Todd Asset Management LLC 於 Q3 2025 結束時的管理資產規模為 US$56.3億。該機構在本季度申報了 176 檔美股持倉，呈現出該時期的主要投資地圖。
在 Q3 2025，Todd Asset Management LLC 操作展現出積極擴展與加碼意向。本季共新建倉 13 個新部位，並對 16 個既有持股進行加碼（合計增持 29 檔），相較減碼與清倉部位顯著佔優。
整體而言，Todd Asset Management LLC 的前 5 大持股（包含 TEVA, SAN, JPM）貢獻了組合市值的 6.9%，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
MDT
市值: US$6586.8萬
本季最大獲利了結 / 清倉標的
SLB
前期市值: US$3394.8萬
| # | 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 | TEVA | Teva Pharmaceutical-sp Adr | 股票-醫療保健 | 1.65% | +0.06% | +2.87% | |
| 2 | SAN | Banco Santander Sa-spon Adr | 股票-金融 | 1.58% | +0.15% | -5.48% | |
| 3 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.57% | +0.13% | -0.79% | |
| 4 | QCOM | Qualcomm Inc | 股票-科技 | 1.54% | +0.26% | -4.19% | |
| 5 | ING | Ing Groep N.v.-sponsored Adr | 股票-金融 | 1.47% | +0.11% | +0.96% | |
| 6 | BCS | Barclays Plc-spons Adr | 股票-金融 | 1.47% | +0.08% | +3.98% | |
| 7 | RIO | Rio Tinto Plc-spon Adr | 股票-原物料 | 1.46% | -0.12% | +2.37% | |
| 8 | JBL | Jabil Inc | 股票-科技 | 1.45% | +0.22% | -23.38% | |
| 9 | SHEL | Shell Plc-adr | 股票-能源 | 1.40% | -0.45% | -20.14% | |
| 10 | KR | Kroger Co | 股票-非循環性消費 | 1.38% | -0.52% | +7.69% | |
| 11 | TTEN | Totalenergies Se -spon Adr | 股票-其他 | 1.34% | — | -6.13% | |
| 12 | MDT | Medtronic plc | 股票-醫療保健 | 1.33% | -0.40% | +69.63% | |
| 13 | AVGO | Broadcom Inc | 股票-科技 | 1.33% | +0.01% | -18.90% | |
| 14 | MUFG | Mitsubishi Ufj Finl-spon Adr | 股票-金融 | 1.33% | +0.07% | +0.26% | |
| 15 | AER | AerCap Holdings N.V. | 股票-工業 | 1.31% | -0.08% | +1.48% | |
| 16 | GILD | Gilead Sciences Inc | 股票-醫療保健 | 1.29% | -0.63% | -3.77% | |
| 17 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 1.29% | -0.06% | -11.26% | |
| 18 | URI | United Rentals Inc | 股票-工業 | 1.26% | +0.41% | -0.89% | |
| 19 | NWG | Natwest Group PLC -spon Adr | 股票-金融 | 1.23% | +0.08% | +5.72% | |
| 20 | MS | Morgan Stanley | 股票-金融 | 1.22% | +0.21% | -0.92% | |
| 21 | BABA | Alibaba Group Holding-sp Adr | 股票-循環性消費 | 1.21% | -0.44% | -4.33% | |
| 22 | MAS | Masco CORP | 股票-工業 | 1.18% | — | -0.88% | |
| 23 | CMI | Cummins Inc | 股票-工業 | 1.17% | +0.03% | -0.94% | |
| 24 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 1.17% | +0.49% | +4.95% | |
| 25 | CRH | CRH plc | 股票-原物料 | 1.15% | -0.07% | -12.14% | |
| 26 | NVS | Novartis Ag-sponsored Adr | 股票-醫療保健 | 1.14% | -0.41% | +5.77% | |
| 27 | DELL | Dell Technologies -c | 股票-科技 | 1.14% | +1.25% | -1.09% | |
| 28 | KLAC | Kla CORP | 股票-科技 | 1.11% | +0.76% | +11.17% | |
| 29 | MO | Altria Group Inc | 股票-非循環性消費 | 1.08% | +0.01% | -0.90% | |
| 30 | NXPI | NXP Semiconductors N.V. | 股票-科技 | 1.08% | +0.55% | -9.03% | |
| 31 | CB | Chubb Limited | 股票-金融 | 1.07% | +0.25% | -28.08% | |
| 32 | T | At&t Inc | 股票-通訊服務 | 1.07% | — | -4.53% | |
| 33 | ABBV | Abbvie Inc | 股票-醫療保健 | 1.05% | +0.23% | -1.82% | |
| 34 | HCA | Hca Healthcare Inc | 股票-醫療保健 | 1.05% | -0.43% | -0.98% | |
| 35 | NTES | Netease Inc-adr | 股票-通訊服務 | 1.05% | +0.03% | +5.41% | |
| 36 | VIPS | Vipshop Holdings LTD - Adr | 股票-循環性消費 | 1.04% | -0.20% | +36.92% | |
| 37 | PH | Parker Hannifin CORP | 股票-工業 | 1.02% | +0.01% | -0.94% | |
| 38 | AMP | Ameriprise Financial Inc | 股票-金融 | 0.98% | -0.03% | -0.76% | |
| 39 | CSCO | Cisco Systems Inc | 股票-科技 | 0.98% | -0.01% | +10601.39% | |
| 40 | IX | Orix - Sponsored Adr | 股票-其他 | 0.98% | +0.15% | +6.08% | |
| 41 | CFG | Citizens Financial Group | 股票-金融 | 0.96% | +0.20% | +7.48% | |
| 42 | BAC | Bank Of America CORP | 股票-金融 | 0.95% | +0.07% | -0.86% | |
| 43 | TPR | Tapestry Inc | 股票-循環性消費 | 0.95% | +0.17% | -25.78% | |
| 44 | FITB | Fifth Third Bancorp | 股票-金融 | 0.95% | +0.12% | -0.90% | |
| 45 | KB | Kb Financial Group Inc-adr | 股票-金融 | 0.94% | -0.06% | +5.91% | |
| 46 | J | Jacobs Solutions Inc | 股票-工業 | 0.93% | -0.06% | -0.97% | |
| 47 | ITUB | Itau Unibanco H-spon Prf Adr | 股票-金融 | 0.91% | -0.12% | +5.32% | |
| 48 | VALE | Vale Sa-sp Adr | 股票-原物料 | 0.90% | -0.23% | +50.49% | |
| 49 | AXP | American Express Co | 股票-金融 | 0.90% | +0.03% | -0.85% | |
| 50 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 0.88% | +0.18% | -11.87% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | CSCO | Cisco Systems Inc | +1% | +10601.39% | 加碼 |
| 2 | T | At&t Inc | +0.8% | -4.53% | 加碼 |
| 3 | TEVA | Teva Pharmaceutical-sp Adr | +0.6% | +2.87% | 加碼 |
| 4 | GILD | Gilead Sciences Inc | +0.5% | -3.77% | 加碼 |
| 5 | KR | Kroger Co | +0.5% | +7.69% | 加碼 |
| 6 | TSM | Taiwan Semiconductor-sp Adr | +0.4% | +4.95% | 加碼 |
| 7 | FMS | Fresenius Medical Care-adr | +0.4% | +5.19% | 加碼 |
| 8 | KLAC | Kla CORP | +0.4% | +11.17% | 加碼 |
| 9 | VIPS | Vipshop Holdings LTD - Adr | +0.4% | +36.92% | 加碼 |
| 10 | FSLR | First Solar Inc | +0.4% | +18.17% | 加碼 |
| 11 | AVGO | Broadcom Inc | +0.4% | -18.90% | 減碼 |
| 12 | URI | United Rentals Inc | +0.3% | -0.89% | 減碼 |
| 13 | NTES | Netease Inc-adr | +0.3% | +5.41% | 加碼 |
| 14 | VALE | Vale Sa-sp Adr | +0.2% | +50.49% | 加碼 |
| 15 | BKNG | Booking Holdings Inc | +0.2% | -11.26% | 加碼 |
| 16 | BABA | Alibaba Group Holding-sp Adr | +0.2% | -4.33% | 加碼 |
| 17 | BCS | Barclays Plc-spons Adr | +0.2% | +3.98% | 加碼 |
| 18 | KB | Kb Financial Group Inc-adr | +0.2% | +5.91% | 減碼 |
| 19 | ING | Ing Groep N.v.-sponsored Adr | +0.2% | +0.96% | 加碼 |
| 20 | SAN | Banco Santander Sa-spon Adr | +0.2% | -5.48% | 減碼 |
| 21 | JPM | Jpmorgan Chase & Co | +0.1% | -0.79% | 減碼 |
| 22 | BP | Bp Plc-spons Adr | -0.4% | -0.66% | 減碼 |
| 23 | HD | Home Depot Inc | -0.5% | — | 減碼 |
| 24 | UNH | Unitedhealth Group Inc | -0.6% | — | 減碼 |
| 25 | SHEL | Shell Plc-adr | -0.7% | -20.14% | 減碼 |
| 26 | CB | Chubb Limited | -0.7% | -28.08% | 減碼 |
| 27 | RTX | Rtx CORP | -0.7% | — | 減碼 |
| 28 | APO | Apollo Global Management Inc | -0.8% | -49.13% | 減碼 |
| 29 | OKE | Oneok Inc | -1% | -36.84% | 減碼 |
| 30 | PGR | Progressive CORP | -1% | -1.00% | 減碼 |
| 31 | AZO | Autozone Inc | -1.2% | -35.05% | 減碼 |
| 32 | FISV | Fiserv Inc | -1.2% | -33.29% | 減碼 |
| 33 | MDT | Medtronic plc | — | NEW | 新建倉 |
| 34 | SLB | Slb LTD | — | EXIT | 清倉 |
| 35 | BNY | Bank Of New York Mellon CORP | — | NEW | 新建倉 |
| 36 | UAL | United Airlines Holdings Inc | — | NEW | 新建倉 |
| 37 | TRGP | Targa Resources CORP | — | EXIT | 清倉 |
| 38 | NFLX | Netflix Inc | — | EXIT | 清倉 |
| 39 | CBRE | Cbre Group Inc - A | — | NEW | 新建倉 |
| 40 | LEN | Lennar Corp-a | — | NEW | 新建倉 |
| 41 | SNN | Smith & Nephew PLC -spon Adr | — | NEW | 新建倉 |
| 42 | NTAP | Netapp Inc | — | NEW | 新建倉 |
| 43 | SKAA | Skechers USA Inc-cl A | — | EXIT | 清倉 |
| 44 | AOS | Smith (a.o.) CORP | — | EXIT | 清倉 |
| 45 | TMUS | T-mobile US Inc | — | NEW | 新建倉 |
| 46 | MGM | Mgm Resorts International | — | NEW | 新建倉 |
| 47 | DVA | Davita Inc | — | NEW | 新建倉 |
| 48 | ADBE | Adobe Inc | — | NEW | 新建倉 |
| 49 | FTI | TechnipFMC plc | — | NEW | 新建倉 |
| 50 | PAYC | Paycom Software Inc | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Todd Asset Management LLC 在 Q3 2025 季度的美股持倉總市值約為 US$56.3億，共申報了 176 個公開持股部位。
在 Q3 2025 季度，Todd Asset Management LLC 按市值排列的前三大核心持股分別為：TEVA (1.6%)、SAN (1.6%)、JPM (1.6%)。其中最大持股部位 TEVA 佔據整體投資組合約 1.6% 的權重。
在 Q3 2025 季度中，Todd Asset Management LLC 共進行了 50 項持倉異動，包含新建倉 13 個部位、加碼 16 個部位、減碼 16 個部位以及清倉 5 個部位。 其中最大新建倉標的為 MDT。 本季清倉部位包含 SLB。
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。