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: 0001132699
申報總市值
US$15.5億
US$15.5億
265 檔
31.1%
在 Q4 2025 申報期間，Vestor Capital, LLC（CIK: 0001132699）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$15.5億，共持有 265 個公開申報部位。
從 Q4 2025 申報觀察，Vestor Capital, LLC 採取防禦導向的調倉策略，本季減碼 29 檔個股並出清 8 檔部位，顯示機構在該時期進行風險控制與流動性回收。
從部位權重觀察，前 5 大標的（包含 GOOG, AAPL, MSFT）累計市值佔比達 31.1%，是驅動 Vestor Capital, LLC 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 265 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 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 9.15% | -2.77% | -81.19% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 8.82% | -6.07% | -73.03% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 6.43% | -2.80% | -99.94% | |
| 4 | IETC | Ishares U.s. Tech Independen | ETF-科技型 | 5.74% | -0.07% | EXIT | |
| 5 | AVGO | Broadcom Inc | 股票-科技 | 5.34% | -2.80% | -75.72% | |
| 6 | JPM | Jpmorgan Chase & Co | 股票-金融 | 5.21% | -3.40% | -93.39% | |
| 7 | AMZN | Amazon.com Inc | 股票-循環性消費 | 4.58% | -3.24% | -1.98% | |
| 8 | ✓ | 股票-其他 | 4.26% | — | -99.05% | ||
| 9 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 3.63% | -2.56% | -99.03% | |
| 10 | JTEK | Jpmorgan US Tech Leaders | ETF-科技型 | 3.44% | -2.07% | -98.63% | |
| 11 | MS | Morgan Stanley | 股票-金融 | 2.96% | -2.44% | -99.13% | |
| 12 | C | Citigroup Inc | 股票-金融 | 2.56% | -2.41% | -100.00% | |
| 13 | BAC | Bank Of America CORP | 股票-金融 | 2.43% | -0.39% | +91.41% | |
| 14 | WFC | Wells Fargo & Co | 股票-金融 | 2.07% | +0.18% | -99.36% | |
| 15 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.84% | -0.72% | +227.54% | |
| 16 | ABBV | Abbvie Inc | 股票-醫療保健 | 1.68% | -1.13% | EXIT | |
| 17 | EFA | Ishares Msci Eafe ETF | ETF-其他 | 1.65% | -0.43% | -95.07% | |
| 18 | CEG | Constellation Energy | 股票-公用事業 | 1.53% | +0.39% | +612.17% | |
| 19 | JIRE | Jpmorgan Int Res Enh Eqty | ETF-其他 | 1.47% | -1.50% | -99.79% | |
| 20 | SPGI | S&p Global Inc | 股票-金融 | 1.45% | -0.01% | EXIT | |
| 21 | ✓ | 股票-其他 | 1.40% | — | -97.28% | ||
| 22 | ABT | Abbott Laboratories | 股票-醫療保健 | 1.31% | -0.54% | EXIT | |
| 23 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 1.27% | -1.91% | -88.04% | |
| 24 | TSLA | Tesla Inc | 股票-循環性消費 | 1.26% | -1.01% | -93.49% | |
| 25 | EMXC | Ishares Msci Emr Mrk Ex Chna | ETF-其他 | 1.10% | -1.36% | -96.16% | |
| 26 | GE | General Electric | 股票-工業 | 0.92% | -0.59% | -79.85% | |
| 27 | VNQ | Vanguard Real Estate ETF | ETF-其他 | 0.81% | -0.76% | -99.87% | |
| 28 | SOFI | Sofi Technologies Inc | 股票-金融 | 0.78% | -0.01% | EXIT | |
| 29 | CAH | Cardinal Health Inc | 股票-醫療保健 | 0.77% | -1.47% | +390.90% | |
| 30 | XLE | Ss Energy Select Sector | ETF-其他 | 0.68% | -3.71% | +1106.93% | |
| 31 | DHR | Danaher CORP | 股票-醫療保健 | 0.66% | -0.01% | EXIT | |
| 32 | REGN | Regeneron Pharmaceuticals | 股票-醫療保健 | 0.66% | -0.65% | EXIT | |
| 33 | GEV | GE Vernova Inc | 股票-工業 | 0.63% | -1.14% | -80.23% | |
| 34 | XLC | Ss Comm Select Sector Spdr | ETF-其他 | 0.58% | -0.44% | -56.33% | |
| 35 | IVW | Ishares S&p 500 Growth ETF | ETF-大型股與成長 | 0.55% | -0.47% | -92.83% | |
| 36 | QCOM | Qualcomm Inc | 股票-科技 | 0.51% | +0.02% | -99.59% | |
| 37 | T | At&t Inc | 股票-通訊服務 | 0.46% | +0.56% | -88.02% | |
| 38 | IJH | Ishares Core S&p Midcap ETF | ETF-其他 | 0.39% | -0.39% | -97.26% | |
| 39 | HD | Home Depot Inc | 股票-循環性消費 | 0.39% | -0.34% | -98.41% | |
| 40 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.37% | -1.07% | -95.45% | |
| 41 | MDB | Mongodb Inc | 股票-科技 | 0.36% | — | — | |
| 42 | ✓ | 股票-其他 | 0.35% | — | +301.72% | ||
| 43 | BRK-A | Berkshire Hathaway Inc-cl A | 股票-其他 | 0.33% | +0.31% | NEW | |
| 44 | DG | Dollar General CORP | 股票-非循環性消費 | 0.27% | -0.25% | EXIT | |
| 45 | ✓ | Vanguard Mega Cap ETF 529F | ETF-其他 | 0.27% | -0.25% | EXIT | |
| 46 | DON | Wisdomtree US Midcap Dividen | ETF-其他 | 0.27% | +0.23% | -99.75% | |
| 47 | ITW | Illinois Tool Works | 股票-工業 | 0.26% | +0.05% | -96.42% | |
| 48 | WMT | Walmart Inc | 股票-非循環性消費 | 0.26% | -1.05% | -98.29% | |
| 49 | IJR | Ishares Core S&p Small-cap E | ETF-中小型股 | 0.26% | -0.26% | -97.19% | |
| 50 | RPRX | Royalty Pharma plc | 股票-醫療保健 | 0.24% | -0.29% | -85.39% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | GOOG | Alphabet Inc-cl C | +2.4% | -81.19% | 減碼 |
| 2 | AAPL | Apple Inc | +2.2% | -73.03% | 減碼 |
| 3 | BAC | Bank Of America CORP | +1.9% | +91.41% | 加碼 |
| 4 | LLY | Eli Lilly & Co | +1.7% | +227.54% | 加碼 |
| 5 | WFC | Wells Fargo & Co | +1.6% | -99.36% | 減碼 |
| 6 | ABBV | Abbvie Inc | +1.4% | +3121.18% | 加碼 |
| 7 | MRK | Merck & Co. Inc. | +1.2% | -88.04% | 減碼 |
| 8 | MS | Morgan Stanley | +1% | -99.13% | 減碼 |
| 9 | AMZN | Amazon.com Inc | +1% | -1.98% | 減碼 |
| 10 | SPGI | S&p Global Inc | +1% | -99.35% | 減碼 |
| 11 | MSFT | Microsoft CORP | +0.9% | -99.94% | 減碼 |
| 12 | CEG | Constellation Energy | +0.8% | +612.17% | 加碼 |
| 13 | JPM | Jpmorgan Chase & Co | +0.7% | -93.39% | 減碼 |
| 14 | MCK | Mckesson CORP | +0.7% | -70.98% | 減碼 |
| 15 | IETC | Ishares U.s. Tech Independen | +0.7% | -99.93% | 減碼 |
| 16 | ABT | Abbott Laboratories | +0.6% | +443.32% | 加碼 |
| 17 | C | Citigroup Inc | +0.4% | -100.00% | 減碼 |
| 18 | GE | General Electric | +0.4% | -79.85% | 減碼 |
| 19 | TSLA | Tesla Inc | +0.3% | -93.49% | 減碼 |
| 20 | UNH | Unitedhealth Group Inc | -0.3% | -93.73% | 減碼 |
| 21 | AVGO | Broadcom Inc | -0.3% | -75.72% | 減碼 |
| 22 | SNOW | Snowflake Inc | -0.3% | -98.19% | 減碼 |
| 23 | V | Visa Inc-class A Shares | -0.4% | -99.08% | 減碼 |
| 24 | GEV | GE Vernova Inc | -0.4% | -80.23% | 減碼 |
| 25 | UBER | Uber Technologies Inc | -0.5% | -99.03% | 減碼 |
| 26 | VRT | Vertiv Holdings Co-a | -0.6% | -99.25% | 減碼 |
| 27 | ✓ | -0.7% | -99.05% | 減碼 | |
| 28 | HD | Home Depot Inc | -0.7% | -98.41% | 減碼 |
| 29 | U | Unity Software Inc | -0.7% | -99.72% | 減碼 |
| 30 | AFRM | Affirm Holdings Inc | -0.8% | +378.36% | 加碼 |
| 31 | ANETEUR | Arista Networks Inc | -0.9% | +166.86% | 加碼 |
| 32 | BABA | Alibaba Group Holding-sp Adr | -1% | +205.44% | 加碼 |
| 33 | NBIS | Nebius Group N.V. | -1% | -93.39% | 減碼 |
| 34 | RDDT | Reddit Inc-cl A | -1% | -98.51% | 減碼 |
| 35 | ORCL | Oracle CORP | -1.2% | -99.46% | 減碼 |
| 36 | NFLX | Netflix Inc | -1.2% | -95.83% | 減碼 |
| 37 | META | Meta Platforms Inc-class A | -1.5% | -99.03% | 減碼 |
| 38 | APP | Applovin Corp-class A | -2.1% | +26.77% | 加碼 |
| 39 | EVSD | Eaton Vance Shrt Dur Inc | — | EXIT | 清倉 |
| 40 | EVLN | Eaton Vance Floating-rate | — | EXIT | 清倉 |
| 41 | BSV | Vanguard Short-term Bond ETF | — | EXIT | 清倉 |
| 42 | VSDB | Vanguard Short Dur Bond ETF | — | EXIT | 清倉 |
| 43 | RBLX | Roblox CORP -class A | — | EXIT | 清倉 |
| 44 | DHR | Danaher CORP | — | NEW | 新建倉 |
| 45 | REGN | Regeneron Pharmaceuticals | — | NEW | 新建倉 |
| 46 | COF | Capital One Financial CORP | — | EXIT | 清倉 |
| 47 | MDB | Mongodb Inc | — | NEW | 新建倉 |
| 48 | BKR | Baker Hughes Co | — | EXIT | 清倉 |
| 49 | COIN | Coinbase Global Inc -class A | — | EXIT | 清倉 |
| 50 | DG | Dollar General CORP | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Vestor Capital, LLC 在 Q4 2025 季度的美股持倉總市值約為 US$15.5億，共申報了 265 個公開持股部位。
在 Q4 2025 季度，Vestor Capital, LLC 按市值排列的前三大核心持股分別為：GOOG (9.2%)、AAPL (8.8%)、MSFT (6.4%)。其中最大持股部位 GOOG 佔據整體投資組合約 9.2% 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
DHR
市值: US$902.6萬
本季最大獲利了結 / 清倉標的
EVSD
前期市值: US$4788.9萬
在 Q4 2025 季度中，Vestor Capital, LLC 共進行了 50 項持倉異動，包含新建倉 4 個部位、加碼 9 個部位、減碼 29 個部位以及清倉 8 個部位。 其中最大新建倉標的為 DHR。 本季清倉部位包含 EVSD。
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。