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: 0001005354
申報總市值
US$167.4億
US$167.4億
949 檔
23.9%
VIRGINIA RETIREMENT SYSTEMS ET Al 在 Q4 2025 季度的美股部位總計估值為 US$167.4億，分散於 949 個持倉標的之中，反映其市場參與廣度與投資規模。
觀察 Q4 2025 的資金脈絡，VIRGINIA RETIREMENT SYSTEMS ET Al 在獲利結算 19 檔個股的同時，將資本重新部署至 7 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 AAPL, NVDA, MSFT）累計市值佔比達 23.9%，是驅動 VIRGINIA RETIREMENT SYSTEMS ET Al 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 949 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 | AAPL | Apple Inc | 股票-科技 | 6.28% | +3.80% | +12.86% | |
| 2 | NVDA | Nvidia CORP | 股票-科技 | 5.58% | — | -5.31% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 5.03% | -0.69% | +2.16% | |
| 4 | AMZN | Amazon.com Inc | 股票-循環性消費 | 3.82% | +1.84% | +52.60% | |
| 5 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 3.13% | +0.09% | +35.43% | |
| 6 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.59% | -0.33% | +16.47% | |
| 7 | AVGO | Broadcom Inc | 股票-科技 | 1.99% | +0.03% | +32.42% | |
| 8 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.95% | +0.02% | +5.61% | |
| 9 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 1.90% | — | — | |
| 10 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.43% | -0.65% | — | |
| 11 | TSLA | Tesla Inc | 股票-循環性消費 | 0.94% | +0.05% | +5.08% | |
| 12 | WMT | Walmart Inc | 股票-非循環性消費 | 0.87% | -0.28% | +246.31% | |
| 13 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.85% | -0.16% | -10.02% | |
| 14 | GILD | Gilead Sciences Inc | 股票-醫療保健 | 0.84% | -0.29% | -9.73% | |
| 15 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.83% | -0.09% | +5.12% | |
| 16 | V | Visa Inc-class A Shares | 股票-金融 | 0.82% | +0.04% | +15.15% | |
| 17 | HCA | Hca Healthcare Inc | 股票-醫療保健 | 0.80% | -0.17% | -2.85% | |
| 18 | BMY | Bristol-myers Squibb Co | 股票-醫療保健 | 0.72% | -0.38% | — | |
| 19 | DG | Dollar General CORP | 股票-非循環性消費 | 0.72% | -0.16% | -0.14% | |
| 20 | VZ | Verizon Communications Inc | 股票-通訊服務 | 0.70% | +0.16% | +4.53% | |
| 21 | MO | Altria Group Inc | 股票-非循環性消費 | 0.68% | -0.26% | -5.96% | |
| 22 | YUM | Yum! Brands Inc | 股票-循環性消費 | 0.68% | +0.07% | +23.54% | |
| 23 | MU | Micron Technology Inc | 股票-科技 | 0.68% | +1.20% | +68.04% | |
| 24 | ABT | Abbott Laboratories | 股票-醫療保健 | 0.67% | -0.31% | EXIT | |
| 25 | T | At&t Inc | 股票-通訊服務 | 0.66% | -0.28% | — | |
| 26 | UHS | Universal Health Services-b | 股票-醫療保健 | 0.61% | -0.26% | +17.68% | |
| 27 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.61% | +0.07% | +21.18% | |
| 28 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.61% | -0.04% | -12.30% | |
| 29 | CL | Colgate-palmolive Co | 股票-非循環性消費 | 0.60% | -0.14% | -4.81% | |
| 30 | LRCX | Lam Research CORP | 股票-科技 | 0.59% | +0.37% | -2.74% | |
| 31 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.59% | +0.22% | -7.52% | |
| 32 | PCAR | Paccar Inc | 股票-工業 | 0.53% | -0.12% | -14.54% | |
| 33 | KR | Kroger Co | 股票-非循環性消費 | 0.52% | -0.52% | -13.44% | |
| 34 | TXT | Textron Inc | 股票-工業 | 0.49% | -0.04% | — | |
| 35 | CBOE | Cboe Global Markets Inc | 股票-金融 | 0.48% | -0.35% | — | |
| 36 | CTSH | Cognizant Tech Solutions-a | 股票-科技 | 0.47% | -0.20% | +18.24% | |
| 37 | GE | General Electric | 股票-工業 | 0.47% | +0.02% | -5.67% | |
| 38 | FOXA | Fox CORP - Class A | 股票-通訊服務 | 0.47% | -0.06% | +11.82% | |
| 39 | EBAY | Ebay Inc | 股票-循環性消費 | 0.47% | -0.03% | -15.86% | |
| 40 | C | Citigroup Inc | 股票-金融 | 0.47% | — | -38.16% | |
| 41 | SPG | Simon Property Group Inc | 股票-房地產 | 0.47% | -0.15% | -2.25% | |
| 42 | IBM | Intl Business Machines CORP | 股票-科技 | 0.46% | +0.12% | +424.63% | |
| 43 | MS | Morgan Stanley | 股票-金融 | 0.46% | — | -33.99% | |
| 44 | INCY | Incyte CORP | 股票-醫療保健 | 0.45% | +0.04% | — | |
| 45 | NFLX | Netflix Inc | 股票-通訊服務 | 0.45% | -0.11% | +777.75% | |
| 46 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 0.44% | +0.09% | +5.36% | |
| 47 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.44% | -0.07% | +10.92% | |
| 48 | VRSN | Verisign Inc | 股票-科技 | 0.43% | -0.20% | -32.71% | |
| 49 | SNA | Snap-on Inc | 股票-工業 | 0.43% | -0.07% | +16.42% | |
| 50 | WELL | Welltower Inc | 股票-房地產 | 0.43% | -0.23% | +16.11% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | AMZN | Amazon.com Inc | +1.2% | +52.60% | 加碼 |
| 2 | GOOGL | Alphabet Inc-cl A | +1.2% | +35.43% | 加碼 |
| 3 | WMT | Walmart Inc | +0.6% | +246.31% | 加碼 |
| 4 | AAPL | Apple Inc | +0.6% | +12.86% | 加碼 |
| 5 | AVGO | Broadcom Inc | +0.4% | +32.42% | 加碼 |
| 6 | MU | Micron Technology Inc | +0.4% | +68.04% | 加碼 |
| 7 | GOOG | Alphabet Inc-cl C | +0.4% | +5.61% | 加碼 |
| 8 | IBM | Intl Business Machines CORP | +0.4% | +424.63% | 加碼 |
| 9 | DUK | Duke Energy CORP | +0.3% | +447.29% | 加碼 |
| 10 | APP | Applovin Corp-class A | +0.2% | +176.09% | 加碼 |
| 11 | LLY | Eli Lilly & Co | +0.2% | +21.18% | 加碼 |
| 12 | ZM | Zoom Communications Inc | +0.2% | +106.60% | 加碼 |
| 13 | WDC | Western Digital CORP | +0.2% | +98.32% | 加碼 |
| 14 | EXPE | Expedia Group Inc | +0.2% | +1208.64% | 加碼 |
| 15 | FDX | Fedex CORP | +0.2% | +89.49% | 加碼 |
| 16 | EME | Emcor Group Inc | +0.1% | +98.64% | 加碼 |
| 17 | LVS | Las Vegas Sands CORP | +0.1% | +2990.27% | 加碼 |
| 18 | TEL | TE Connectivity plc | +0.1% | +99.52% | 加碼 |
| 19 | CSCO | Cisco Systems Inc | +0.1% | +270.22% | 加碼 |
| 20 | CTSH | Cognizant Tech Solutions-a | +0.1% | +18.24% | 加碼 |
| 21 | ADBE | Adobe Inc | +0.1% | +61.90% | 加碼 |
| 22 | AEP | American Electric Power | +0.1% | +280.51% | 加碼 |
| 23 | DVN | Devon Energy CORP | +0.1% | +552.10% | 加碼 |
| 24 | DG | Dollar General CORP | +0.1% | -0.14% | 減碼 |
| 25 | NOC | Northrop Grumman CORP | +0.1% | +70.17% | 加碼 |
| 26 | CCL1EUR | Carnival CORP LTD | +0.1% | +83.43% | 加碼 |
| 27 | ILMN | Illumina Inc | +0.1% | +27.42% | 加碼 |
| 28 | FICO | Fair Isaac CORP | +0.1% | +275.79% | 加碼 |
| 29 | APH | Amphenol Corp-cl A | +0.1% | +152.86% | 加碼 |
| 30 | FE | Firstenergy CORP | +0.1% | +329.06% | 加碼 |
| 31 | EXPD | Expeditors Intl Wash Inc | +0.1% | +42.58% | 加碼 |
| 32 | PFG | Principal Financial Group | +0.1% | +78.07% | 加碼 |
| 33 | YUM | Yum! Brands Inc | +0.1% | +23.54% | 加碼 |
| 34 | UHS | Universal Health Services-b | +0.1% | +17.68% | 加碼 |
| 35 | GM | General Motors Co | +0.1% | — | 不變 |
| 36 | BAC | Bank Of America CORP | +0.1% | +50.81% | 加碼 |
| 37 | V | Visa Inc-class A Shares | +0.1% | +15.15% | 加碼 |
| 38 | BMY | Bristol-myers Squibb Co | +0.1% | — | 不變 |
| 39 | LRCX | Lam Research CORP | +0.1% | -2.74% | 減碼 |
| 40 | FOXA | Fox CORP - Class A | +0.1% | +11.82% | 加碼 |
| 41 | PRU | Prudential Financial Inc | +0.1% | +36.65% | 加碼 |
| 42 | AMD | Advanced Micro Devices | +0.1% | +12.46% | 加碼 |
| 43 | TRV | Travelers Cos Inc/the | +0.1% | +152.94% | 加碼 |
| 44 | ADSK | Autodesk Inc | +0.1% | +71.67% | 加碼 |
| 45 | TEAM | Atlassian Corp-cl A | +0.1% | +130.39% | 加碼 |
| 46 | JNJ | Johnson & Johnson | 0% | — | 不變 |
| 47 | WELL | Welltower Inc | 0% | +16.11% | 加碼 |
| 48 | FTNT | Fortinet Inc | 0% | +38.37% | 加碼 |
| 49 | IT | Gartner Inc | 0% | +101.98% | 加碼 |
| 50 | MRK | Merck & Co. Inc. | 0% | -10.02% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，VIRGINIA RETIREMENT SYSTEMS ET Al 在 Q4 2025 季度的美股持倉總市值約為 US$167.4億，共申報了 949 個公開持股部位。
在 Q4 2025 季度，VIRGINIA RETIREMENT SYSTEMS ET Al 按市值排列的前三大核心持股分別為：AAPL (6.3%)、NVDA (5.6%)、MSFT (5.0%)。其中最大持股部位 AAPL 佔據整體投資組合約 6.3% 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
IVV
市值: US$3.2億
本季最大獲利了結 / 清倉標的
CTAS
前期市值: US$3018.6萬
在 Q4 2025 季度中，VIRGINIA RETIREMENT SYSTEMS ET Al 共進行了 183 項持倉異動，包含新建倉 7 個部位、加碼 85 個部位、減碼 72 個部位以及清倉 19 個部位。 其中最大新建倉標的為 IVV。 本季清倉部位包含 CTAS。
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。