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: 0001548392
申報總市值
US$105.1億
US$105.1億
987 檔
24.6%
在 Q3 2025 申報期間，Utah Retirement Systems（CIK: 0001548392）向美國 SEC 提交的 Form 13F 報告顯示，其追蹤之股票投資組合總市值達 US$105.1億，共持有 987 個公開申報部位。
觀察 Q3 2025 的資金脈絡，Utah Retirement Systems 在獲利結算 7 檔個股的同時，將資本重新部署至 9 檔新選標的，展現主動管理機構的輪動節奏。
從部位權重觀察，前 5 大標的（包含 NVDA, MSFT, AAPL）累計市值佔比達 24.6%，是驅動 Utah Retirement Systems 該季度整體投資組合績效表現的核心支柱。
僅顯示前 200 大持股（共 987 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 | 7.01% | -0.04% | +0.28% | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 6.17% | -0.56% | +0.07% | |
| 3 | AAPL | Apple Inc | 股票-科技 | 5.96% | -0.04% | -0.80% | |
| 4 | AMZN | Amazon.com Inc | 股票-循環性消費 | 3.38% | +0.02% | +1.75% | |
| 5 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.57% | -0.29% | +0.00% | |
| 6 | AVGO | Broadcom Inc | 股票-科技 | 2.45% | +0.16% | +0.54% | |
| 7 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 2.27% | +0.23% | -0.46% | |
| 8 | TSLA | Tesla Inc | 股票-循環性消費 | 2.01% | +0.03% | +1.07% | |
| 9 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.85% | +0.17% | -1.48% | |
| 10 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.41% | -0.07% | -0.53% | |
| 11 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.19% | -0.07% | -0.12% | |
| 12 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.98% | +0.16% | +0.30% | |
| 13 | V | Visa Inc-class A Shares | 股票-金融 | 0.93% | -0.03% | -0.63% | |
| 14 | NFLX | Netflix Inc | 股票-通訊服務 | 0.82% | -0.25% | -0.38% | |
| 15 | XOM | Exxon Mobil CORP | 股票-能源 | 0.78% | -0.37% | -0.73% | |
| 16 | ORCL | Oracle CORP | 股票-科技 | 0.75% | -0.05% | +2.66% | |
| 17 | MA | Mastercard Inc - A | 股票-金融 | 0.74% | -0.07% | +0.13% | |
| 18 | WMT | Walmart Inc | 股票-非循環性消費 | 0.72% | -0.18% | +0.40% | |
| 19 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.72% | -0.10% | +0.06% | |
| 20 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.66% | -0.14% | +0.35% | |
| 21 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.66% | — | +0.21% | |
| 22 | HD | Home Depot Inc | 股票-循環性消費 | 0.65% | -0.03% | +0.53% | |
| 23 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.64% | -0.16% | +4.32% | |
| 24 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.58% | -0.07% | -0.06% | |
| 25 | BAC | Bank Of America CORP | 股票-金融 | 0.56% | +0.01% | +0.56% | |
| 26 | GE | General Electric | 股票-工業 | 0.51% | +0.07% | -1.40% | |
| 27 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.50% | +0.13% | -0.47% | |
| 28 | CVX | Chevron CORP | 股票-能源 | 0.48% | -0.20% | +17.76% | |
| 29 | CSCO | Cisco Systems Inc | 股票-科技 | 0.44% | +0.16% | +0.03% | |
| 30 | WFC | Wells Fargo & Co | 股票-金融 | 0.43% | -0.04% | -1.45% | |
| 31 | AVB | Avalonbay Communities Inc | 股票-房地產 | 0.43% | — | — | |
| 32 | IBM | Intl Business Machines CORP | 股票-科技 | 0.42% | +0.01% | +1.23% | |
| 33 | AMD | Advanced Micro Devices | 股票-科技 | 0.42% | +0.82% | +0.23% | |
| 34 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.41% | -0.03% | +0.34% | |
| 35 | PM | Philip Morris International | 股票-非循環性消費 | 0.41% | -0.02% | +0.41% | |
| 36 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.38% | +0.01% | -0.36% | |
| 37 | ABT | Abbott Laboratories | 股票-醫療保健 | 0.37% | -0.07% | +0.33% | |
| 38 | RTX | Rtx CORP | 股票-工業 | 0.36% | -0.06% | +0.67% | |
| 39 | LIN | Linde plc | 股票-原物料 | 0.36% | -0.04% | -1.30% | |
| 40 | CRM | Salesforce Inc | 股票-科技 | 0.36% | -0.10% | +0.96% | |
| 41 | CAT | Caterpillar Inc | 股票-工業 | 0.35% | +0.15% | -2.54% | |
| 42 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.35% | -0.09% | -0.30% | |
| 43 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.34% | -0.04% | -0.22% | |
| 44 | DIS | Walt Disney Co/the | 股票-通訊服務 | 0.33% | -0.03% | +0.01% | |
| 45 | T | At&t Inc | 股票-通訊服務 | 0.32% | -0.13% | -2.47% | |
| 46 | UBER | Uber Technologies Inc | 股票-工業 | 0.32% | -0.04% | -0.44% | |
| 47 | PEP | Pepsico Inc | 股票-非循環性消費 | 0.31% | -0.08% | +0.09% | |
| 48 | NOW | Servicenow Inc | 股票-科技 | 0.31% | -0.04% | +0.77% | |
| 49 | MU | Micron Technology Inc | 股票-科技 | 0.30% | +1.25% | +1.24% | |
| 50 | INTU | Intuit Inc | 股票-科技 | 0.30% | -0.10% | +0.13% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +2.2% | +0.28% | 減碼 |
| 2 | AVGO | Broadcom Inc | +1% | +0.54% | 加碼 |
| 3 | MSFT | Microsoft CORP | +0.8% | +0.07% | 減碼 |
| 4 | TSLA | Tesla Inc | +0.6% | +1.07% | 加碼 |
| 5 | GOOGL | Alphabet Inc-cl A | +0.5% | -0.46% | 減碼 |
| 6 | GOOG | Alphabet Inc-cl C | +0.4% | -1.48% | 減碼 |
| 7 | ORCL | Oracle CORP | +0.3% | +2.66% | 加碼 |
| 8 | PLTR | Palantir Technologies Inc-a | +0.3% | +4.32% | 加碼 |
| 9 | META | Meta Platforms Inc-class A | +0.2% | +0.00% | 減碼 |
| 10 | APP | Applovin Corp-class A | +0.2% | -6.08% | 減碼 |
| 11 | MU | Micron Technology Inc | +0.1% | +1.24% | 加碼 |
| 12 | HOOD | Robinhood Markets Inc - A | +0.1% | +6.98% | 加碼 |
| 13 | GEV | GE Vernova Inc | +0.1% | +0.48% | 加碼 |
| 14 | GE | General Electric | +0.1% | -1.40% | 減碼 |
| 15 | AMD | Advanced Micro Devices | +0.1% | +0.23% | 減碼 |
| 16 | JPM | Jpmorgan Chase & Co | +0.1% | -0.53% | 減碼 |
| 17 | LRCX | Lam Research CORP | +0.1% | -0.15% | 減碼 |
| 18 | APH | Amphenol Corp-cl A | +0.1% | +1.67% | 加碼 |
| 19 | ANET | Arista Networks Inc | +0.1% | +0.27% | 減碼 |
| 20 | COF | Capital One Financial CORP | +0.1% | -0.10% | 加碼 |
| 21 | RBLX | Roblox CORP -class A | +0.1% | +13.95% | 加碼 |
| 22 | GS | Goldman Sachs Group Inc | +0.1% | -0.36% | 減碼 |
| 23 | NFLX | Netflix Inc | +0.1% | -0.38% | 減碼 |
| 24 | KLAC | Kla CORP | +0.1% | +0.35% | 減碼 |
| 25 | CAT | Caterpillar Inc | +0.1% | -2.54% | 減碼 |
| 26 | INTC | Intel CORP | +0.1% | +0.82% | 加碼 |
| 27 | SHOP | Shopify Inc - Class A | +0.1% | +0.18% | 加碼 |
| 28 | CEG | Constellation Energy | +0.1% | +0.13% | 減碼 |
| 29 | FANG | Diamondback Energy Inc | +0.1% | — | 加碼 |
| 30 | C | Citigroup Inc | 0% | -2.66% | 減碼 |
| 31 | UBER | Uber Technologies Inc | 0% | -0.44% | 減碼 |
| 32 | ETN | Eaton Corporation plc | 0% | -0.19% | 減碼 |
| 33 | NEM | Newmont CORP | 0% | -2.72% | 減碼 |
| 34 | COIN | Coinbase Global Inc -class A | 0% | +3.42% | 加碼 |
| 35 | RCL | Royal Caribbean Cruises Ltd. | 0% | +4.90% | 加碼 |
| 36 | DASH | Doordash Inc - A | 0% | +1.24% | 加碼 |
| 37 | NET | Cloudflare Inc - Class A | 0% | +1.19% | 加碼 |
| 38 | VRT | Vertiv Holdings Co-a | 0% | +4.49% | 加碼 |
| 39 | WDC | Western Digital CORP | 0% | — | 減碼 |
| 40 | CVNA | Carvana Co | 0% | +15.53% | 加碼 |
| 41 | FIX | Comfort Systems USA Inc | 0% | +212.18% | 加碼 |
| 42 | ALAB | Astera Labs Inc | 0% | +174.81% | 加碼 |
| 43 | BAC | Bank Of America CORP | 0% | +0.56% | 加碼 |
| 44 | MS | Morgan Stanley | 0% | +0.51% | 加碼 |
| 45 | AMAT | Applied Materials Inc | 0% | -1.08% | 減碼 |
| 46 | CRWD | Crowdstrike Holdings Inc - A | 0% | +4.36% | 加碼 |
| 47 | GLW | Corning Inc | 0% | +1.57% | 加碼 |
| 48 | SNOW | Snowflake Inc | 0% | +3.82% | 加碼 |
| 49 | VST | Vistra CORP | 0% | +0.13% | 減碼 |
| 50 | HWM | Howmet Aerospace Inc | 0% | -0.36% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Utah Retirement Systems 在 Q3 2025 季度的美股持倉總市值約為 US$105.1億，共申報了 987 個公開持股部位。
在 Q3 2025 季度，Utah Retirement Systems 按市值排列的前三大核心持股分別為：NVDA (7.0%)、MSFT (6.2%)、AAPL (6.0%)。其中最大持股部位 NVDA 佔據整體投資組合約 7.0% 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
B
市值: US$632.5萬
本季最大獲利了結 / 清倉標的
HES
前期市值: US$737.7萬
在 Q3 2025 季度中，Utah Retirement Systems 共進行了 196 項持倉異動，包含新建倉 9 個部位、加碼 76 個部位、減碼 104 個部位以及清倉 7 個部位。 其中最大新建倉標的為 B。 本季清倉部位包含 HES。
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。