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。
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CIK: 0001634556
申報總市值
US$10.5億
US$10.5億
222 檔
18.6%
在 Q2 2025 的 13F 官方備案中，True North Advisors, LLC 管理的美股投資組合規模來到 US$10.5億，整體持股檔數為 222 檔。
從 Q2 2025 申報觀察，True North Advisors, LLC 採取防禦導向的調倉策略，本季減碼 22 檔個股並出清 11 檔部位，顯示機構在該時期進行風險控制與流動性回收。
在資產配置集中度方面，True North Advisors, LLC 的前 5 大核心持股（包含 LII, BRK-B, AAPL 等）合計佔整體申報市值的 18.6%，反映機構在主要關鍵部位上的權重分佈。
僅顯示前 200 大持股（共 222 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 | LII | Lennox International Inc | 股票-工業 | 19.95% | +0.06% | +0.20% | |
| 2 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 7.49% | -0.76% | -3.05% | |
| 3 | AAPL | Apple Inc | 股票-科技 | 4.38% | -0.36% | +2.75% | |
| 4 | VB | Vanguard Small-cap ETF | ETF-其他 | 3.05% | -0.08% | -19.41% | |
| 5 | MSFT | Microsoft CORP | 股票-科技 | 2.52% | -0.24% | -10.69% | |
| 6 | JMBS | Janus Henderson Mortg Backed | ETF-其他 | 2.32% | -0.22% | -30.32% | |
| 7 | GOVT | Ishares US Treasury Bond ETF | ETF-政府公債 | 2.04% | -0.18% | -33.41% | |
| 8 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 1.84% | -0.28% | +3.41% | |
| 9 | AVGO | Broadcom Inc | 股票-科技 | 1.74% | — | +18.44% | |
| 10 | MUNI | Pimco Intermediate Municipal | ETF-其他 | 1.40% | -0.11% | +8.38% | |
| 11 | CORP | Pimco Inv Grade CORP Bd ETF | ETF-其他 | 1.37% | -0.08% | -36.56% | |
| 12 | XOM | Exxon Mobil CORP | 股票-能源 | 1.33% | -0.44% | -9.29% | |
| 13 | GE | General Electric | 股票-工業 | 1.22% | +0.08% | -0.14% | |
| 14 | FAST | Fastenal Co | 股票-工業 | 1.14% | -0.11% | +86.80% | |
| 15 | SCHX | Schwab US Large-cap ETF | ETF-其他 | 1.14% | -0.03% | -19.38% | |
| 16 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.10% | -0.19% | -12.84% | |
| 17 | V | Visa Inc-class A Shares | 股票-金融 | 1.03% | -0.04% | -6.51% | |
| 18 | NVDA | Nvidia CORP | 股票-科技 | 1.00% | +0.02% | +34.67% | |
| 19 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.99% | -0.10% | -13.34% | |
| 20 | IWF | Ishares Russell 1000 Growth | ETF-其他 | 0.98% | -0.01% | -15.47% | |
| 21 | KMX | Carmax Inc | 股票-循環性消費 | 0.96% | +0.03% | +30.84% | |
| 22 | EPD | Enterprise Products Partners | 股票-能源 | 0.89% | +0.53% | NEW | |
| 23 | CTVA | Corteva Inc | 股票-原物料 | 0.86% | -0.09% | +0.04% | |
| 24 | VTI | Vanguard Total Stock Mkt ETF | ETF-其他 | 0.77% | -0.05% | +0.11% | |
| 25 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 0.69% | -0.60% | -16.13% | |
| 26 | APH | Amphenol Corp-cl A | 股票-科技 | 0.69% | +0.04% | -15.15% | |
| 27 | NUV | Nuveen Municipal Value | 股票-其他 | 0.69% | — | -19.16% | |
| 28 | TPL | Texas Pacific Land CORP | 股票-能源 | 0.68% | +0.40% | NEW | |
| 29 | FNDX | Schwab Fndmntl US Lrg Co ETF | ETF-其他 | 0.67% | -0.21% | +9.66% | |
| 30 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.65% | -0.27% | +102.90% | |
| 31 | HD | Home Depot Inc | 股票-循環性消費 | 0.65% | -0.06% | +0.61% | |
| 32 | BAC | Bank Of America CORP | 股票-金融 | 0.62% | -0.03% | -17.19% | |
| 33 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.61% | -0.08% | -27.43% | |
| 34 | SYK | Stryker CORP | 股票-醫療保健 | 0.61% | -0.11% | -7.87% | |
| 35 | GEV | GE Vernova Inc | 股票-工業 | 0.61% | +0.07% | +0.18% | |
| 36 | MS | Morgan Stanley | 股票-金融 | 0.60% | -0.18% | -8.40% | |
| 37 | LRCX | Lam Research CORP | 股票-科技 | 0.58% | +0.22% | -10.16% | |
| 38 | MLM | Martin Marietta Materials | 股票-原物料 | 0.56% | -0.07% | -0.56% | |
| 39 | CRM | Salesforce Inc | 股票-科技 | 0.56% | +0.02% | -7.72% | |
| 40 | DFAC | Dimensional US Core Equity 2 | ETF-其他 | 0.55% | -0.01% | — | |
| 41 | 6D8 | Dupont De Nemours Inc | 股票-其他 | 0.54% | -0.21% | EXIT | |
| 42 | KR | Kroger Co | 股票-非循環性消費 | 0.54% | -0.11% | -9.72% | |
| 43 | SCHM | Schwab US Mid Cap ETF | ETF-其他 | 0.53% | — | -16.29% | |
| 44 | FNDF | Schwab Fndmn Intl Lrg Co ETF | ETF-其他 | 0.51% | -0.05% | +9.86% | |
| 45 | ABT | Abbott Laboratories | 股票-醫療保健 | 0.51% | -0.14% | -23.49% | |
| 46 | DOW | Dow Inc | 股票-原物料 | 0.49% | -0.21% | -0.12% | |
| 47 | PAYX | Paychex Inc | 股票-科技 | 0.49% | -0.02% | -9.85% | |
| 48 | SGOL | Abrdn Physical Gold Shares | ETF-避險與商品 | 0.49% | +0.28% | NEW | |
| 49 | JEPI | Jpmorgan Equity Premium Inco | ETF-其他 | 0.48% | -0.29% | EXIT | |
| 50 | SPGI | S&p Global Inc | 股票-金融 | 0.48% | -0.05% | -9.94% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | LII | Lennox International Inc | +1.9% | +0.20% | 加碼 |
| 2 | AVGO | Broadcom Inc | +0.9% | +18.44% | 加碼 |
| 3 | MSFT | Microsoft CORP | +0.6% | -10.69% | 減碼 |
| 4 | NVDA | Nvidia CORP | +0.5% | +34.67% | 加碼 |
| 5 | META | Meta Platforms Inc-class A | +0.4% | +102.90% | 加碼 |
| 6 | GE | General Electric | +0.3% | -0.14% | 減碼 |
| 7 | GEV | GE Vernova Inc | +0.3% | +0.18% | 加碼 |
| 8 | COST | Costco Wholesale CORP | +0.3% | +3.41% | 加碼 |
| 9 | MSI | Motorola Solutions Inc | +0.2% | NEW | 新建倉 |
| 10 | AMAT | Applied Materials Inc | +0.2% | +354.12% | 加碼 |
| 11 | ALLE | Allegion plc | +0.2% | +427.41% | 加碼 |
| 12 | RMD | Resmed Inc | +0.2% | +302.24% | 加碼 |
| 13 | DECK | Deckers Outdoor CORP | +0.2% | NEW | 新建倉 |
| 14 | ORCL | Oracle CORP | +0.2% | +35.23% | 加碼 |
| 15 | APH | Amphenol Corp-cl A | +0.2% | -15.15% | 減碼 |
| 16 | CTVA | Corteva Inc | +0.2% | +0.04% | 加碼 |
| 17 | KLAC | Kla CORP | +0.2% | NEW | 新建倉 |
| 18 | NTAP | Netapp Inc | +0.2% | +121.78% | 加碼 |
| 19 | LMT | Lockheed Martin CORP | +0.2% | +284.04% | 加碼 |
| 20 | AAPL | Apple Inc | +0.1% | +2.75% | 加碼 |
| 21 | SCHX | Schwab US Large-cap ETF | 0% | -19.38% | 減碼 |
| 22 | ABT | Abbott Laboratories | -0.1% | -23.49% | 減碼 |
| 23 | NUV | Nuveen Municipal Value | -0.1% | -19.16% | 減碼 |
| 24 | ZTS | Zoetis Inc | -0.1% | -23.43% | 減碼 |
| 25 | CVX | Chevron CORP | -0.1% | -21.68% | 減碼 |
| 26 | DOW | Dow Inc | -0.1% | -0.12% | 減碼 |
| 27 | COP | Conocophillips | -0.1% | -20.64% | 減碼 |
| 28 | VEA | Vanguard Ftse Developed ETF | -0.1% | -76.53% | 減碼 |
| 29 | NEE | Nextera Energy Inc | -0.1% | -32.15% | 減碼 |
| 30 | BKNG | Booking Holdings Inc | -0.1% | EXIT | 清倉 |
| 31 | VCIT | Vanguard Int-term Corporate | -0.1% | EXIT | 清倉 |
| 32 | TPL | Texas Pacific Land CORP | -0.2% | -5.07% | 減碼 |
| 33 | XOM | Exxon Mobil CORP | -0.2% | -9.29% | 減碼 |
| 34 | SBAC | Sba Communications CORP | -0.2% | -67.45% | 減碼 |
| 35 | VB | Vanguard Small-cap ETF | -0.2% | -19.41% | 減碼 |
| 36 | ELV | Elevance Health Inc | -0.2% | -79.39% | 減碼 |
| 37 | ABBV | Abbvie Inc | -0.3% | -27.43% | 減碼 |
| 38 | FISV | Fiserv Inc | -0.3% | EXIT | 清倉 |
| 39 | CBRE | Cbre Group Inc - A | -0.3% | EXIT | 清倉 |
| 40 | BRK-B | Berkshire Hathaway Inc-cl B | -0.3% | -3.05% | 減碼 |
| 41 | APO | Apollo Global Management Inc | -0.4% | EXIT | 清倉 |
| 42 | BX | Blackstone Inc | -0.4% | EXIT | 清倉 |
| 43 | ACN | Accenture plc | -0.5% | EXIT | 清倉 |
| 44 | CORP | Pimco Inv Grade CORP Bd ETF | -0.6% | -36.56% | 減碼 |
| 45 | MKL | Markel Group Inc | -0.7% | EXIT | 清倉 |
| 46 | VOO | Vanguard S&p 500 ETF | -0.8% | EXIT | 清倉 |
| 47 | JMBS | Janus Henderson Mortg Backed | -0.8% | -30.32% | 減碼 |
| 48 | GOVT | Ishares US Treasury Bond ETF | -0.8% | -33.41% | 減碼 |
| 49 | GOOGL | Alphabet Inc-cl A | -0.8% | EXIT | 清倉 |
| 50 | GOOG | Alphabet Inc-cl C | -1.1% | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，True North Advisors, LLC 在 Q2 2025 季度的美股持倉總市值約為 US$10.5億，共申報了 222 個公開持股部位。
在 Q2 2025 季度，True North Advisors, LLC 按市值排列的前三大核心持股分別為：LII (19.9%)、BRK-B (7.5%)、AAPL (4.4%)。其中最大持股部位 LII 佔據整體投資組合約 19.9% 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
MSI
市值: US$110.5萬
本季最大獲利了結 / 清倉標的
GOOG
前期市值: US$606.5萬
在 Q2 2025 季度中，True North Advisors, LLC 共進行了 50 項持倉異動，包含新建倉 3 個部位、加碼 14 個部位、減碼 22 個部位以及清倉 11 個部位。 其中最大新建倉標的為 MSI。 本季清倉部位包含 GOOG。
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。