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: 0001367401
申報總市值
US$130.8億
US$130.8億
239 檔
20.5%
根據最新整理的 13F 季度數據集，Van Lanschot Kempen Investment Management N.v. 於 Q2 2025 結束時的管理資產規模為 US$130.8億。該機構在本季度申報了 239 檔美股持倉，呈現出該時期的主要投資地圖。
Van Lanschot Kempen Investment Management N.v. 在 Q2 2025 進行了結構性的板塊輪動與部位換股。在開立 29 個全新部位及加碼 80 檔持股的同時，亦同步清倉 18 檔並減碼 69 檔標的。
檢視投資組合結構，前 5 大主力部位（包含 MSFT, META, KKR）占據了總市值的 20.5%，展現出該機構在 Q2 2025 的重點資金聚焦與風險分佈特徵。
僅顯示前 200 大持股（共 239 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 | MSFT | Microsoft CORP | 股票-科技 | 6.40% | -0.62% | -1.72% | |
| 2 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 5.03% | -0.50% | +9.14% | |
| 3 | KKR | Kkr & Co Inc | 股票-金融 | 4.81% | -0.43% | +13.81% | |
| 4 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 4.64% | +0.45% | -0.68% | |
| 5 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 4.64% | -0.32% | +1.28% | |
| 6 | NXPI | NXP Semiconductors N.V. | 股票-科技 | 3.77% | +1.50% | +4.55% | |
| 7 | AMZN | Amazon.com Inc | 股票-循環性消費 | 3.59% | +0.26% | +3.80% | |
| 8 | MKL | Markel Group Inc | 股票-金融 | 3.12% | -0.36% | +12.12% | |
| 9 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 2.59% | +1.29% | -3.56% | |
| 10 | C | Citigroup Inc | 股票-金融 | 2.39% | +0.04% | +1.28% | |
| 11 | SPOT | Spotify Technology S.A. | 股票-通訊服務 | 2.37% | -0.02% | +5.75% | |
| 12 | LFUS | Littelfuse Inc | 股票-科技 | 2.06% | +0.33% | +53.99% | |
| 13 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 2.00% | -0.19% | +61.07% | |
| 14 | CPAY | Corpay Inc | 股票-科技 | 1.92% | +0.02% | +33.37% | |
| 15 | NVDA | Nvidia CORP | 股票-科技 | 1.80% | -0.04% | -1.35% | |
| 16 | V | Visa Inc-class A Shares | 股票-金融 | 1.73% | +0.65% | +4.44% | |
| 17 | PTC | Ptc Inc | 股票-科技 | 1.68% | -0.54% | +1.34% | |
| 18 | CB | Chubb Limited | 股票-金融 | 1.62% | -0.14% | +14.30% | |
| 19 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.53% | +0.10% | -16.80% | |
| 20 | ADI | Analog Devices Inc | 股票-科技 | 1.24% | -0.01% | +2.01% | |
| 21 | AAPL | Apple Inc | 股票-科技 | 1.14% | +0.03% | -2.09% | |
| 22 | DHR | Danaher CORP | 股票-醫療保健 | 1.11% | -0.02% | +5.51% | |
| 23 | NVR | Nvr Inc | 股票-循環性消費 | 0.98% | -0.09% | — | |
| 24 | BRK-A | Berkshire Hathaway Inc-cl A | 股票-其他 | 0.90% | -0.07% | — | |
| 25 | LEN | Lennar Corp-a | 股票-循環性消費 | 0.86% | -0.17% | — | |
| 26 | KMX | Carmax Inc | 股票-循環性消費 | 0.85% | — | +1.49% | |
| 27 | AVGO | Broadcom Inc | 股票-科技 | 0.76% | +0.08% | -11.92% | |
| 28 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.71% | -0.01% | -3.01% | |
| 29 | DGX | Quest Diagnostics Inc | 股票-醫療保健 | 0.70% | -0.05% | -5.36% | |
| 30 | JBL | Jabil Inc | 股票-科技 | 0.59% | -0.02% | -37.04% | |
| 31 | LITE | Lumentum Holdings Inc | 股票-科技 | 0.56% | -0.03% | +35.65% | |
| 32 | AMH | American Homes 4 Rent- A | 股票-房地產 | 0.55% | +0.07% | +17.57% | |
| 33 | INVH | Invitation Homes Inc | 股票-房地產 | 0.54% | +0.04% | +22.87% | |
| 34 | CSCO | Cisco Systems Inc | 股票-科技 | 0.49% | -0.02% | -16.35% | |
| 35 | HSIC | Henry Schein Inc | 股票-醫療保健 | 0.48% | -0.04% | -3.03% | |
| 36 | RY | Royal Bank Of Canada | 股票-金融 | 0.46% | +0.04% | -16.12% | |
| 37 | WTFC | Wintrust Financial CORP | 股票-金融 | 0.46% | +0.05% | -31.41% | |
| 38 | PNW | Pinnacle West Capital Corporation | 股票-公用事業 | 0.44% | — | -31.84% | |
| 39 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.44% | -0.22% | +15.04% | |
| 40 | NVST | Envista Holdings CORP | 股票-醫療保健 | 0.43% | -0.07% | -14.43% | |
| 41 | BLK | Blackrock Inc | 股票-金融 | 0.42% | +0.01% | -29.06% | |
| 42 | WFG | West Fraser Timber Co LTD | 股票-其他 | 0.42% | -0.02% | -19.28% | |
| 43 | STRA | Strategic Education Inc | 股票-其他 | 0.41% | -0.07% | -8.12% | |
| 44 | SF | Stifel Financial CORP | 股票-金融 | 0.40% | -0.03% | — | |
| 45 | BC | Brunswick CORP | 股票-循環性消費 | 0.39% | -0.01% | +15.14% | |
| 46 | EHC | Encompass Health CORP | 股票-醫療保健 | 0.37% | -0.03% | -26.40% | |
| 47 | ALV | Autoliv Inc | 股票-循環性消費 | 0.37% | -0.03% | +8.99% | |
| 48 | VSH | Vishay Intertechnology Inc | 股票-其他 | 0.37% | -0.03% | +11.34% | |
| 49 | FIS | Fidelity National Info Serv | 股票-科技 | 0.36% | -0.06% | +9.34% | |
| 50 | SYY | Sysco CORP | 股票-非循環性消費 | 0.35% | -0.29% | EXIT |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | META | Meta Platforms Inc-class A | +1.1% | +9.14% | 加碼 |
| 2 | MSFT | Microsoft CORP | +1% | -1.72% | 減碼 |
| 3 | NVR | Nvr Inc | +1% | NEW | 新建倉 |
| 4 | LEN | Lennar Corp-a | +0.9% | NEW | 新建倉 |
| 5 | LFUS | Littelfuse Inc | +0.8% | +53.99% | 加碼 |
| 6 | KKR | Kkr & Co Inc | +0.8% | +13.81% | 加碼 |
| 7 | BKNG | Booking Holdings Inc | +0.6% | +1.28% | 加碼 |
| 8 | SPOT | Spotify Technology S.A. | +0.6% | +5.75% | 加碼 |
| 9 | TSM | Taiwan Semiconductor-sp Adr | +0.4% | -3.56% | 減碼 |
| 10 | NVDA | Nvidia CORP | +0.4% | -1.35% | 減碼 |
| 11 | SF | Stifel Financial CORP | +0.4% | NEW | 新建倉 |
| 12 | NXPI | NXP Semiconductors N.V. | +0.3% | +4.55% | 加碼 |
| 13 | TMO | Thermo Fisher Scientific Inc | +0.3% | +61.07% | 加碼 |
| 14 | AMZN | Amazon.com Inc | +0.3% | +3.80% | 加碼 |
| 15 | MKL | Markel Group Inc | +0.3% | +12.12% | 加碼 |
| 16 | HO1 | Hologic Inc | +0.3% | NEW | 新建倉 |
| 17 | CPAY | Corpay Inc | +0.3% | +33.37% | 加碼 |
| 18 | LITE | Lumentum Holdings Inc | +0.3% | +35.65% | 加碼 |
| 19 | C | Citigroup Inc | +0.2% | +1.28% | 加碼 |
| 20 | AVGO | Broadcom Inc | +0.2% | -11.92% | 減碼 |
| 21 | GE | General Electric | +0.2% | NEW | 新建倉 |
| 22 | FHN | First Horizon CORP | +0.2% | +170.16% | 加碼 |
| 23 | GOOGL | Alphabet Inc-cl A | +0.1% | -0.68% | 減碼 |
| 24 | TKR | Timken Co | +0.1% | NEW | 新建倉 |
| 25 | SPG | Simon Property Group Inc | +0.1% | +101.31% | 加碼 |
| 26 | OMC | Omnicom Group | +0.1% | +132.11% | 加碼 |
| 27 | WLK | Westlake CORP | +0.1% | NEW | 新建倉 |
| 28 | ADI | Analog Devices Inc | +0.1% | +2.01% | 加碼 |
| 29 | FSLR | First Solar Inc | +0.1% | +25.98% | 加碼 |
| 30 | PANW | Palo Alto Networks Inc | +0.1% | NEW | 新建倉 |
| 31 | TTWO | Take-two Interactive Softwre | +0.1% | +2302.08% | 加碼 |
| 32 | BSX | Boston Scientific CORP | +0.1% | NEW | 新建倉 |
| 33 | EMA | Emera Inc | +0.1% | NEW | 新建倉 |
| 34 | ATS | Ats CORP | +0.1% | NEW | 新建倉 |
| 35 | BAC | Bank Of America CORP | +0.1% | +128.66% | 加碼 |
| 36 | SYK | Stryker CORP | +0.1% | NEW | 新建倉 |
| 37 | ALV | Autoliv Inc | +0.1% | +8.99% | 加碼 |
| 38 | ECL | Ecolab Inc | +0.1% | +92.22% | 加碼 |
| 39 | ROL | Rollins Inc | +0.1% | NEW | 新建倉 |
| 40 | BR | Broadridge Financial Solutio | +0.1% | NEW | 新建倉 |
| 41 | SO | Southern Co/the | +0.1% | NEW | 新建倉 |
| 42 | FICO | Fair Isaac CORP | +0.1% | NEW | 新建倉 |
| 43 | JKHY | Jack Henry & Associates Inc | +0.1% | NEW | 新建倉 |
| 44 | TYL | Tyler Technologies Inc | +0.1% | NEW | 新建倉 |
| 45 | LXPUSD | Lxp Industrial Trust | +0.1% | +7161.96% | 加碼 |
| 46 | PLD | Prologis Inc | +0.1% | +58.17% | 加碼 |
| 47 | OTIS | Otis Worldwide CORP | +0.1% | +89.35% | 加碼 |
| 48 | LNT | Alliant Energy CORP | +0.1% | NEW | 新建倉 |
| 49 | APLE | Apple Hospitality Reit Inc | +0.1% | +9947.18% | 加碼 |
| 50 | KRC | Kilroy Realty CORP | +0.1% | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Van Lanschot Kempen Investment Management N.v. 在 Q2 2025 季度的美股持倉總市值約為 US$130.8億，共申報了 239 個公開持股部位。
在 Q2 2025 季度，Van Lanschot Kempen Investment Management N.v. 按市值排列的前三大核心持股分別為：MSFT (6.4%)、META (5.0%)、KKR (4.8%)。其中最大持股部位 MSFT 佔據整體投資組合約 6.4% 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
NVR
市值: US$1.0億
本季最大獲利了結 / 清倉標的
JNJ
前期市值: US$1.5億
在 Q2 2025 季度中，Van Lanschot Kempen Investment Management N.v. 共進行了 196 項持倉異動，包含新建倉 29 個部位、加碼 80 個部位、減碼 69 個部位以及清倉 18 個部位。 其中最大新建倉標的為 NVR。 本季清倉部位包含 JNJ。
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。