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
696 檔
33.2%
在 Q4 2025 的 13F 官方備案中，V-Square Quantitative Management 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 696 檔。
V-Square Quantitative Management LLC 於 Q4 2025 展現出進攻型調倉步調，本季推動了 172 檔股票的新建倉與 6 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。
在資產配置集中度方面，V-Square Quantitative Management LLC 的前 5 大核心持股（包含 AGG, NVDA, MSFT 等）合計佔整體申報市值的 33.2%，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 696 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 | AGG | Ishares Core U.s. Aggregate | ETF-其他 | 13.18% | -1.38% | — | |
| 2 | NVDA | Nvidia CORP | 股票-科技 | 9.09% | -0.02% | -9.32% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 6.81% | -0.34% | -9.71% | |
| 4 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 3.88% | +0.21% | -1.98% | |
| 5 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 3.32% | +0.18% | +18.34% | |
| 6 | TSLA | Tesla Inc | 股票-循環性消費 | 2.08% | -0.04% | -12.24% | |
| 7 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.88% | +0.26% | +1.12% | |
| 8 | AVGO | Broadcom Inc | 股票-科技 | 1.61% | +0.17% | -9.75% | |
| 9 | V | Visa Inc-class A Shares | 股票-金融 | 1.22% | +0.01% | -13.50% | |
| 10 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.16% | -0.13% | -0.42% | |
| 11 | MA | Mastercard Inc - A | 股票-金融 | 1.09% | -0.10% | -1.70% | |
| 12 | LRCX | Lam Research CORP | 股票-科技 | 0.79% | +0.59% | -11.29% | |
| 13 | MS | Morgan Stanley | 股票-金融 | 0.72% | -0.21% | -1.13% | |
| 14 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.70% | -0.30% | +1.43% | |
| 15 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.70% | -0.07% | -13.65% | |
| 16 | CRM | Salesforce Inc | 股票-科技 | 0.65% | -0.13% | -6.26% | |
| 17 | IBM | Intl Business Machines CORP | 股票-科技 | 0.62% | +0.04% | -9.77% | |
| 18 | HD | Home Depot Inc | 股票-循環性消費 | 0.59% | -0.02% | -10.30% | |
| 19 | INTU | Intuit Inc | 股票-科技 | 0.56% | -0.18% | — | |
| 20 | GE | General Electric | 股票-工業 | 0.54% | +0.18% | -15.67% | |
| 21 | DIS | Walt Disney Co/the | 股票-通訊服務 | 0.52% | -0.04% | +18.03% | |
| 22 | ACN | Accenture plc | 股票-科技 | 0.51% | -0.16% | -4.58% | |
| 23 | CAT | Caterpillar Inc | 股票-工業 | 0.50% | +0.18% | — | |
| 24 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.50% | -0.04% | -12.62% | |
| 25 | PEP | Pepsico Inc | 股票-非循環性消費 | 0.44% | -0.12% | +26.07% | |
| 26 | UNP | Union Pacific CORP | 股票-工業 | 0.42% | — | +35.38% | |
| 27 | MU | Micron Technology Inc | 股票-科技 | 0.42% | +0.41% | -27.22% | |
| 28 | ADBE | Adobe Inc | 股票-科技 | 0.42% | -0.07% | -4.83% | |
| 29 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.41% | -0.24% | -0.58% | |
| 30 | DHR | Danaher CORP | 股票-醫療保健 | 0.41% | -0.12% | -7.14% | |
| 31 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.40% | -0.09% | +6.59% | |
| 32 | CMCSA | Comcast Corp-class A | 股票-通訊服務 | 0.39% | -0.13% | +6.56% | |
| 33 | SPGI | S&p Global Inc | 股票-金融 | 0.38% | -0.07% | — | |
| 34 | GILD | Gilead Sciences Inc | 股票-醫療保健 | 0.36% | -0.09% | -8.92% | |
| 35 | SCHW | Schwab (charles) CORP | 股票-金融 | 0.36% | -0.08% | +2.37% | |
| 36 | LIN | Linde plc | 股票-原物料 | 0.36% | +0.02% | — | |
| 37 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 0.35% | -0.02% | — | |
| 38 | WELL | Welltower Inc | 股票-房地產 | 0.35% | +0.07% | -8.49% | |
| 39 | PANW | Palo Alto Networks Inc | 股票-科技 | 0.35% | +0.26% | +18.38% | |
| 40 | TXN | Texas Instruments Inc | 股票-科技 | 0.35% | -0.31% | -10.73% | |
| 41 | NOW | Servicenow Inc | 股票-科技 | 0.35% | -0.01% | — | |
| 42 | CDNS | Cadence Design Sys Inc | 股票-科技 | 0.34% | -0.10% | +1.40% | |
| 43 | KEYS | Keysight Technologies In | 股票-科技 | 0.34% | -0.32% | -1.43% | |
| 44 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.33% | -0.06% | — | |
| 45 | VZ | Verizon Communications Inc | 股票-通訊服務 | 0.32% | -0.05% | -14.32% | |
| 46 | BLK | Blackrock Inc | 股票-金融 | 0.31% | -0.03% | — | |
| 47 | GEV | GE Vernova Inc | 股票-工業 | 0.31% | +0.11% | — | |
| 48 | COF | Capital One Financial CORP | 股票-金融 | 0.31% | — | -8.45% | |
| 49 | MAR | Marriott International -cl A | 股票-循環性消費 | 0.30% | -0.27% | -9.66% | |
| 50 | PGR | Progressive CORP | 股票-金融 | 0.30% | -0.01% | -8.39% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | UNP | Union Pacific CORP | -0.1% | +35.38% | 加碼 |
| 2 | PEP | Pepsico Inc | -0.1% | +26.07% | 加碼 |
| 3 | MU | Micron Technology Inc | -0.1% | -27.22% | 減碼 |
| 4 | T | At&t Inc | -0.1% | -59.41% | 減碼 |
| 5 | C | Citigroup Inc | -0.1% | -58.84% | 減碼 |
| 6 | FISV | Fiserv Inc | -0.2% | +11.64% | 加碼 |
| 7 | PFE | Pfizer Inc | -0.2% | -26.43% | 減碼 |
| 8 | DIS | Walt Disney Co/the | -0.2% | +18.03% | 加碼 |
| 9 | GOOG | Alphabet Inc-cl C | -0.2% | +18.34% | 加碼 |
| 10 | ORLY | O'reilly Automotive Inc | -0.2% | -14.86% | 減碼 |
| 11 | LLY | Eli Lilly & Co | -0.3% | +1.12% | 加碼 |
| 12 | ABBV | Abbvie Inc | -0.3% | -34.10% | 減碼 |
| 13 | LOW | Lowe's Cos Inc | -0.3% | -12.32% | 減碼 |
| 14 | PGR | Progressive CORP | -0.3% | -8.39% | 減碼 |
| 15 | TXN | Texas Instruments Inc | -0.3% | -10.73% | 減碼 |
| 16 | LRCX | Lam Research CORP | -0.3% | -11.29% | 減碼 |
| 17 | VZ | Verizon Communications Inc | -0.3% | -14.32% | 減碼 |
| 18 | MS | Morgan Stanley | -0.3% | -1.13% | 減碼 |
| 19 | GE | General Electric | -0.5% | -15.67% | 減碼 |
| 20 | JNJ | Johnson & Johnson | -0.5% | -0.42% | 減碼 |
| 21 | HD | Home Depot Inc | -0.7% | -10.30% | 減碼 |
| 22 | PG | Procter & Gamble Co/the | -0.7% | -13.65% | 減碼 |
| 23 | V | Visa Inc-class A Shares | -1% | -13.50% | 減碼 |
| 24 | GOOGL | Alphabet Inc-cl A | -1.1% | -1.98% | 減碼 |
| 25 | AVGO | Broadcom Inc | -1.2% | -9.75% | 減碼 |
| 26 | TSLA | Tesla Inc | -1.7% | -12.24% | 減碼 |
| 27 | MSFT | Microsoft CORP | -6.3% | -9.71% | 減碼 |
| 28 | NVDA | Nvidia CORP | -7.2% | -9.32% | 減碼 |
| 29 | AGG | Ishares Core U.s. Aggregate | — | NEW | 新建倉 |
| 30 | INTU | Intuit Inc | — | NEW | 新建倉 |
| 31 | CAT | Caterpillar Inc | — | NEW | 新建倉 |
| 32 | SPGI | S&p Global Inc | — | NEW | 新建倉 |
| 33 | LIN | Linde plc | — | NEW | 新建倉 |
| 34 | BKNG | Booking Holdings Inc | — | NEW | 新建倉 |
| 35 | NOW | Servicenow Inc | — | NEW | 新建倉 |
| 36 | META | Meta Platforms Inc-class A | — | NEW | 新建倉 |
| 37 | BLK | Blackrock Inc | — | NEW | 新建倉 |
| 38 | GEV | GE Vernova Inc | — | NEW | 新建倉 |
| 39 | GS | Goldman Sachs Group Inc | — | NEW | 新建倉 |
| 40 | VRTX | Vertex Pharmaceuticals Inc | — | NEW | 新建倉 |
| 41 | ISRG | Intuitive Surgical Inc | — | NEW | 新建倉 |
| 42 | DE | Deere & Co | — | NEW | 新建倉 |
| 43 | JPM | Jpmorgan Chase & Co | — | NEW | 新建倉 |
| 44 | ETN | Eaton Corporation plc | — | NEW | 新建倉 |
| 45 | GWW | Ww Grainger Inc | — | NEW | 新建倉 |
| 46 | MELI | Mercadolibre Inc | — | NEW | 新建倉 |
| 47 | EXPE | Expedia Group Inc | — | NEW | 新建倉 |
| 48 | COST | Costco Wholesale CORP | — | NEW | 新建倉 |
| 49 | TSM | Taiwan Semiconductor-sp Adr | — | NEW | 新建倉 |
| 50 | TT | Trane Technologies plc | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，V-Square Quantitative Management LLC 在 Q4 2025 季度的美股持倉總市值約為 US$10.5億，共申報了 696 個公開持股部位。
在 Q4 2025 季度，V-Square Quantitative Management LLC 按市值排列的前三大核心持股分別為：AGG (13.2%)、NVDA (9.1%)、MSFT (6.8%)。其中最大持股部位 AGG 佔據整體投資組合約 13.2% 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
AGG
市值: US$1.3億
本季最大獲利了結 / 清倉標的
NVDA
前期市值: US$9650.8萬
在 Q4 2025 季度中，V-Square Quantitative Management LLC 共進行了 200 項持倉異動，包含新建倉 172 個部位、加碼 6 個部位、減碼 22 個部位以及清倉 0 個部位。 其中最大新建倉標的為 AGG。
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。