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: 0001943239
申報總市值
US$10.5億
US$10.5億
702 檔
14.6%
在 Q1 2025 申報期間，V-Square Quantitative Management LLC（CIK: 0001943239）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$10.5億，共持有 702 個公開申報部位。
V-Square Quantitative Management LLC 於 Q1 2025 展現出進攻型調倉步調，本季推動了 2 檔股票的新建倉與 147 檔既有部位加碼，整體資金傾向擴大在美股市場的曝險佈局。
從部位權重觀察，前 5 大標的（包含 NVDA, MSFT, GOOGL）累計市值佔比達 14.6%，是驅動 V-Square Quantitative Management LLC 該季度整體投資組合績效表現的核心支柱。
本季最大新建倉標的
EXE
市值: US$22.4萬
本季最大獲利了結 / 清倉標的
KNX
前期市值: US$9.1萬
僅顯示前 200 大持股（共 702 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 | 8.18% | -0.02% | +2.49% | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 7.79% | -0.34% | +4.49% | |
| 3 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 2.58% | +0.21% | +3.61% | |
| 4 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.93% | +0.18% | +5.31% | |
| 5 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.90% | +0.26% | +5.88% | |
| 6 | V | Visa Inc-class A Shares | 股票-金融 | 1.86% | +0.01% | +8.47% | |
| 7 | TSLA | Tesla Inc | 股票-循環性消費 | 1.77% | -0.04% | +6.98% | |
| 8 | MA | Mastercard Inc - A | 股票-金融 | 1.38% | -0.10% | +4.27% | |
| 9 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 1.27% | -0.07% | +3.38% | |
| 10 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.19% | -0.13% | +4.15% | |
| 11 | AVGO | Broadcom Inc | 股票-科技 | 0.95% | +0.17% | -0.97% | |
| 12 | CRM | Salesforce Inc | 股票-科技 | 0.95% | -0.13% | +4.95% | |
| 13 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.92% | -0.30% | +3.19% | |
| 14 | HD | Home Depot Inc | 股票-循環性消費 | 0.85% | -0.02% | +6.46% | |
| 15 | INTU | Intuit Inc | 股票-科技 | 0.75% | -0.18% | +9.23% | |
| 16 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.72% | -0.04% | +3.91% | |
| 17 | ACN | Accenture plc | 股票-科技 | 0.70% | -0.16% | +3.56% | |
| 18 | ADBE | Adobe Inc | 股票-科技 | 0.67% | -0.07% | +3.94% | |
| 19 | LIN | Linde plc | 股票-原物料 | 0.67% | +0.02% | +2.54% | |
| 20 | MS | Morgan Stanley | 股票-金融 | 0.65% | -0.21% | +3.44% | |
| 21 | IBM | Intl Business Machines CORP | 股票-科技 | 0.62% | +0.04% | +5.67% | |
| 22 | GE | General Electric | 股票-工業 | 0.60% | +0.18% | +2.83% | |
| 23 | TXN | Texas Instruments Inc | 股票-科技 | 0.57% | -0.31% | +3.84% | |
| 24 | MRSH | Marsh & Mclennan Cos | 股票-金融 | 0.56% | -0.02% | +1.15% | |
| 25 | CMCSA | Comcast Corp-class A | 股票-通訊服務 | 0.54% | -0.13% | +3.58% | |
| 26 | VZ | Verizon Communications Inc | 股票-通訊服務 | 0.53% | -0.05% | +5.24% | |
| 27 | DHR | Danaher CORP | 股票-醫療保健 | 0.52% | -0.12% | +3.31% | |
| 28 | DIS | Walt Disney Co/the | 股票-通訊服務 | 0.52% | -0.04% | +4.49% | |
| 29 | NOW | Servicenow Inc | 股票-科技 | 0.50% | -0.01% | +6.50% | |
| 30 | SPGI | S&p Global Inc | 股票-金融 | 0.50% | -0.07% | +5.09% | |
| 31 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.49% | -0.09% | +3.72% | |
| 32 | TT | Trane Technologies plc | 股票-工業 | 0.49% | +0.01% | +3.80% | |
| 33 | GILD | Gilead Sciences Inc | 股票-醫療保健 | 0.47% | -0.09% | +0.70% | |
| 34 | T | At&t Inc | 股票-通訊服務 | 0.47% | +0.17% | -1.06% | |
| 35 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 0.47% | -0.02% | +4.79% | |
| 36 | PGR | Progressive CORP | 股票-金融 | 0.46% | -0.01% | +2.99% | |
| 37 | PEP | Pepsico Inc | 股票-非循環性消費 | 0.46% | -0.12% | +3.08% | |
| 38 | CAT | Caterpillar Inc | 股票-工業 | 0.46% | +0.18% | +5.10% | |
| 39 | LRCX | Lam Research CORP | 股票-科技 | 0.45% | +0.59% | +5.57% | |
| 40 | WELL | Welltower Inc | 股票-房地產 | 0.44% | +0.07% | +3.99% | |
| 41 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.42% | +0.03% | -4.96% | |
| 42 | UNP | Union Pacific CORP | 股票-工業 | 0.42% | — | +2.52% | |
| 43 | BMY | Bristol-myers Squibb Co | 股票-醫療保健 | 0.41% | -0.02% | +2.89% | |
| 44 | PANW | Palo Alto Networks Inc | 股票-科技 | 0.41% | +0.26% | +4.19% | |
| 45 | FISV | Fiserv Inc | 股票-其他 | 0.40% | -0.01% | +5.69% | |
| 46 | CDNS | Cadence Design Sys Inc | 股票-科技 | 0.37% | -0.10% | +6.16% | |
| 47 | NFLX | Netflix Inc | 股票-通訊服務 | 0.37% | -0.07% | -4.07% | |
| 48 | PLD | Prologis Inc | 股票-房地產 | 0.36% | — | +3.17% | |
| 49 | DE | Deere & Co | 股票-工業 | 0.36% | +0.18% | +5.72% | |
| 50 | AMT | American Tower CORP | 股票-房地產 | 0.36% | -0.03% | +5.03% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | V | Visa Inc-class A Shares | +0.4% | +8.47% | 加碼 |
| 2 | LLY | Eli Lilly & Co | +0.3% | +5.88% | 加碼 |
| 3 | JNJ | Johnson & Johnson | +0.2% | +4.15% | 加碼 |
| 4 | KO | Coca-cola Co/the | +0.2% | +3.19% | 加碼 |
| 5 | MA | Mastercard Inc - A | +0.2% | +4.27% | 加碼 |
| 6 | GE | General Electric | +0.1% | +2.83% | 加碼 |
| 7 | IBM | Intl Business Machines CORP | +0.1% | +5.67% | 加碼 |
| 8 | BABA | Alibaba Group Holding-sp Adr | +0.1% | +8.64% | 加碼 |
| 9 | WELL | Welltower Inc | +0.1% | +3.99% | 加碼 |
| 10 | T | At&t Inc | +0.1% | -1.06% | 減碼 |
| 11 | DASH | Doordash Inc - A | +0.1% | +28.57% | 加碼 |
| 12 | LIN | Linde plc | +0.1% | +2.54% | 加碼 |
| 13 | KVUE | Kenvue Inc | +0.1% | +116.14% | 加碼 |
| 14 | VZ | Verizon Communications Inc | +0.1% | +5.24% | 加碼 |
| 15 | GILD | Gilead Sciences Inc | +0.1% | +0.70% | 加碼 |
| 16 | PGR | Progressive CORP | +0.1% | +2.99% | 加碼 |
| 17 | MNST | Monster Beverage CORP | +0.1% | +116.48% | 加碼 |
| 18 | MRSH | Marsh & Mclennan Cos | +0.1% | +1.15% | 加碼 |
| 19 | PG | Procter & Gamble Co/the | +0.1% | +3.38% | 加碼 |
| 20 | AMT | American Tower CORP | +0.1% | +5.03% | 加碼 |
| 21 | ED | Consolidated Edison Inc | +0.1% | +2.76% | 加碼 |
| 22 | CI | THE Cigna Group | +0.1% | +4.47% | 加碼 |
| 23 | INTU | Intuit Inc | +0.1% | +9.23% | 加碼 |
| 24 | SCHW | Schwab (charles) CORP | +0.1% | +15.08% | 加碼 |
| 25 | SYY | Sysco CORP | +0.1% | +71.23% | 加碼 |
| 26 | DE | Deere & Co | +0.1% | +5.72% | 加碼 |
| 27 | MCD | Mcdonald's CORP | +0.1% | +3.72% | 加碼 |
| 28 | FISV | Fiserv Inc | +0.1% | +5.69% | 加碼 |
| 29 | CVS | Cvs Health CORP | +0.1% | -6.91% | 減碼 |
| 30 | INTC | Intel CORP | +0.1% | +4.47% | 加碼 |
| 31 | ORLY | O'reilly Automotive Inc | +0.1% | +0.15% | 加碼 |
| 32 | VRTX | Vertex Pharmaceuticals Inc | +0.1% | -2.17% | 減碼 |
| 33 | MELI | Mercadolibre Inc | +0.1% | +2.52% | 加碼 |
| 34 | BMY | Bristol-myers Squibb Co | +0.1% | +2.89% | 加碼 |
| 35 | ICE | Intercontinental Exchange In | +0.1% | +1.61% | 加碼 |
| 36 | SPGI | S&p Global Inc | +0.1% | +5.09% | 加碼 |
| 37 | DG | Dollar General CORP | 0% | +38.34% | 加碼 |
| 38 | CTAS | Cintas CORP | 0% | +4.88% | 加碼 |
| 39 | NEM | Newmont CORP | 0% | +5.84% | 加碼 |
| 40 | JD | Jd.com Inc-adr | 0% | +12.32% | 加碼 |
| 41 | SONY | Sony Group CORP - Sp Adr | 0% | — | 不變 |
| 42 | TMUS | T-mobile US Inc | 0% | -4.45% | 減碼 |
| 43 | IP | International Paper Co | 0% | +21.92% | 加碼 |
| 44 | TJX | Tjx Companies Inc | 0% | +12.22% | 加碼 |
| 45 | HCA | Hca Healthcare Inc | 0% | +3.16% | 加碼 |
| 46 | PLD | Prologis Inc | 0% | +3.17% | 加碼 |
| 47 | NVS | Novartis Ag-sponsored Adr | 0% | +4.33% | 加碼 |
| 48 | UNP | Union Pacific CORP | 0% | +2.52% | 加碼 |
| 49 | EXE | Expand Energy CORP | 0% | NEW | 新建倉 |
| 50 | TKO | Tko Group Holdings Inc | 0% | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，V-Square Quantitative Management LLC 在 Q1 2025 季度的美股持倉總市值約為 US$10.5億，共申報了 702 個公開持股部位。
在 Q1 2025 季度，V-Square Quantitative Management LLC 按市值排列的前三大核心持股分別為：NVDA (8.2%)、MSFT (7.8%)、GOOGL (2.6%)。其中最大持股部位 NVDA 佔據整體投資組合約 8.2% 的權重。
在 Q1 2025 季度中，V-Square Quantitative Management LLC 共進行了 189 項持倉異動，包含新建倉 2 個部位、加碼 147 個部位、減碼 37 個部位以及清倉 3 個部位。 其中最大新建倉標的為 EXE。 本季清倉部位包含 KNX。
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。