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: 0000108634
申報總市值
US$1.3億
US$1.3億
98 檔
18.7%
根據最新整理的 13F 季度數據集，Wulff, Hansen & Co. 於 Q1 2025 結束時的管理資產規模為 US$1.3億。該機構在本季度申報了 98 檔美股持倉，呈現出該時期的主要投資地圖。
在 Q1 2025，Wulff, Hansen & Co. 操作展現出積極擴展與加碼意向。本季共新建倉 7 個新部位，並對 17 個既有持股進行加碼（合計增持 24 檔），相較減碼與清倉部位顯著佔優。
檢視投資組合結構，前 5 大主力部位（包含 BX, VGT, AMAZON COM INC）占據了總市值的 18.7%，展現出該機構在 Q1 2025 的重點資金聚焦與風險分佈特徵。
| # | 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 | BX | Blackstone Inc | 股票-金融 | 6.93% | +4.97% | NEW | |
| 2 | VGT | Vanguard Info Tech ETF | ETF-科技型 | 4.44% | +6.35% | NEW | |
| 3 | ✓ | Amazon Com Inc | 股票-其他 | 3.77% | — | +4.22% | |
| 4 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 3.67% | +5.46% | NEW | |
| 5 | MSFT | Microsoft CORP | 股票-科技 | 3.47% | -0.68% | -12.54% | |
| 6 | AAPL | Apple Inc | 股票-科技 | 3.24% | -0.53% | +49.66% | |
| 7 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 3.22% | -0.77% | -0.96% | |
| 8 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 3.04% | -0.53% | +54.78% | |
| 9 | JPM | Jpmorgan Chase & Co | 股票-金融 | 2.81% | -0.63% | -2.02% | |
| 10 | RTX | Rtx CORP | 股票-工業 | 2.61% | -1.08% | -1.17% | |
| 11 | V | Visa Inc-class A Shares | 股票-金融 | 2.42% | -0.22% | +11.96% | |
| 12 | GE | General Electric | 股票-工業 | 2.08% | +0.01% | +1.33% | |
| 13 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 2.04% | -0.11% | -8.70% | |
| 14 | BAC | Bank Of America CORP | 股票-金融 | 1.76% | -0.27% | -2.55% | |
| 15 | CSX | Csx CORP | 股票-工業 | 1.62% | -0.40% | — | |
| 16 | BN | Brookfield CORP | 股票-金融 | 1.61% | -0.12% | — | |
| 17 | PM | Philip Morris International | 股票-非循環性消費 | 1.61% | -0.35% | +8.14% | |
| 18 | BIP | Brookfield Infrastructure Partners L.P. | 股票-公用事業 | 1.52% | -0.52% | -3.14% | |
| 19 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 1.51% | -0.48% | — | |
| 20 | MDLZ | Mondelez International Inc-a | 股票-非循環性消費 | 1.49% | -0.36% | +0.95% | |
| 21 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.49% | -0.58% | -1.69% | |
| 22 | SCHD | Schwab US Dvd Equity ETF | ETF-其他 | 1.38% | -0.10% | +1.43% | |
| 23 | HD | Home Depot Inc | 股票-循環性消費 | 1.36% | -0.26% | +0.27% | |
| 24 | AWK | American Water Works Co Inc | 股票-公用事業 | 1.32% | -0.41% | — | |
| 25 | XLY | Ss Consumer Disc Select Sect | ETF-其他 | 1.31% | -0.34% | -2.35% | |
| 26 | CVX | Chevron CORP | 股票-能源 | 1.25% | -0.60% | +13.86% | |
| 27 | GPC | Genuine Parts Co | 股票-循環性消費 | 1.19% | -0.25% | -2.06% | |
| 28 | VCSH | Vanguard S/t CORP Bond ETF | ETF-投資等級公司債 | 1.14% | -0.39% | -4.31% | |
| 29 | WMT | Walmart Inc | 股票-非循環性消費 | 1.13% | -0.45% | +4.77% | |
| 30 | XOM | Exxon Mobil CORP | 股票-能源 | 1.04% | -0.54% | +19.96% | |
| 31 | NVDA | Nvidia CORP | 股票-科技 | 1.01% | -0.25% | +62.67% | |
| 32 | CWT | California Water Service Grp | 股票-公用事業 | 0.97% | -0.18% | +5.98% | |
| 33 | LMT | Lockheed Martin CORP | 股票-工業 | 0.92% | -0.51% | — | |
| 34 | IGSB | Ishares 1-5y Inv Grade CORP | ETF-其他 | 0.92% | -0.25% | -4.85% | |
| 35 | FLMI | Franklin Dynamic Municipal B | ETF-其他 | 0.92% | -0.25% | — | |
| 36 | WLDN | Willdan Group Inc | 股票-其他 | 0.88% | -0.27% | +4.01% | |
| 37 | BA | Boeing Co/the | 股票-工業 | 0.87% | -0.21% | +18.19% | |
| 38 | DUK | Duke Energy CORP | 股票-公用事業 | 0.87% | -0.29% | +2.15% | |
| 39 | FCX | Freeport-mcmoran Inc | 股票-原物料 | 0.87% | -0.30% | — | |
| 40 | WM | Waste Management Inc | 股票-工業 | 0.80% | -0.25% | -2.56% | |
| 41 | SPSM | Ss Spdr P S&p 600 Small Cap | ETF-中小型股 | 0.78% | -0.06% | — | |
| 42 | SO | Southern Co/the | 股票-公用事業 | 0.74% | -0.19% | +19.73% | |
| 43 | GIS | General Mills Inc | 股票-非循環性消費 | 0.74% | -0.16% | -2.67% | |
| 44 | MSI | Motorola Solutions Inc | 股票-科技 | 0.73% | -0.19% | +4.91% | |
| 45 | DLR | Digital Realty Trust Inc | 股票-房地產 | 0.65% | -0.23% | — | |
| 46 | CAT | Caterpillar Inc | 股票-工業 | 0.65% | +0.08% | — | |
| 47 | CRM | Salesforce Inc | 股票-科技 | 0.64% | — | +152.66% | |
| 48 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 0.64% | -0.04% | — | |
| 49 | KMB | Kimberly-clark CORP | 股票-非循環性消費 | 0.60% | — | — | |
| 50 | GEV | GE Vernova Inc | 股票-工業 | 0.60% | +0.06% | +1.75% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | COST | Costco Wholesale CORP | +2.8% | +54.78% | 加碼 |
| 2 | AAPL | Apple Inc | +0.7% | +49.66% | 加碼 |
| 3 | CAT | Caterpillar Inc | +0.6% | NEW | 新建倉 |
| 4 | QQQ | Invesco Qqq Trust Series 1 | +0.6% | NEW | 新建倉 |
| 5 | LIN | Linde plc | +0.5% | NEW | 新建倉 |
| 6 | PM | Philip Morris International | +0.4% | +8.14% | 加碼 |
| 7 | DHR | Danaher CORP | +0.4% | NEW | 新建倉 |
| 8 | V | Visa Inc-class A Shares | +0.4% | +11.96% | 加碼 |
| 9 | DE | Deere & Co | +0.4% | NEW | 新建倉 |
| 10 | GWW | Ww Grainger Inc | +0.3% | NEW | 新建倉 |
| 11 | CRM | Salesforce Inc | +0.3% | +152.66% | 加碼 |
| 12 | GE | General Electric | +0.3% | +1.33% | 加碼 |
| 13 | CVX | Chevron CORP | +0.3% | +13.86% | 加碼 |
| 14 | DOW | Dow Inc | +0.2% | NEW | 新建倉 |
| 15 | XOM | Exxon Mobil CORP | +0.2% | +19.96% | 加碼 |
| 16 | NVDA | Nvidia CORP | +0.2% | +62.67% | 加碼 |
| 17 | RTX | Rtx CORP | +0.2% | -1.17% | 減碼 |
| 18 | AWK | American Water Works Co Inc | +0.2% | — | 不變 |
| 19 | SO | Southern Co/the | +0.2% | +19.73% | 加碼 |
| 20 | MDLZ | Mondelez International Inc-a | +0.1% | +0.95% | 加碼 |
| 21 | MP | Mp Materials CORP | +0.1% | -0.71% | 減碼 |
| 22 | JNJ | Johnson & Johnson | +0.1% | -1.69% | 減碼 |
| 23 | DUK | Duke Energy CORP | +0.1% | +2.15% | 加碼 |
| 24 | CWT | California Water Service Grp | +0.1% | +5.98% | 加碼 |
| 25 | AEP | American Electric Power | +0.1% | +13.27% | 加碼 |
| 26 | BRK-B | Berkshire Hathaway Inc-cl B | +0.1% | -8.70% | 減碼 |
| 27 | BA | Boeing Co/the | +0.1% | +18.19% | 加碼 |
| 28 | WLDN | Willdan Group Inc | +0.1% | +4.01% | 加碼 |
| 29 | WM | Waste Management Inc | +0.1% | -2.56% | 減碼 |
| 30 | LMT | Lockheed Martin CORP | -0.1% | — | 不變 |
| 31 | SPSM | Ss Spdr P S&p 600 Small Cap | -0.1% | — | 不變 |
| 32 | TSLA | Tesla Inc | -0.2% | — | 不變 |
| 33 | ETN | Eaton Corporation plc | -0.2% | -17.70% | 減碼 |
| 34 | DLR | Digital Realty Trust Inc | -0.2% | — | 不變 |
| 35 | AXP | American Express Co | -0.2% | EXIT | 清倉 |
| 36 | BMRC | Bank Of Marin Bancorp/ca | -0.2% | EXIT | 清倉 |
| 37 | BIP | Brookfield Infrastructure Partners L.P. | -0.2% | -3.14% | 減碼 |
| 38 | T | At&t Inc | -0.2% | EXIT | 清倉 |
| 39 | MRK | Merck & Co. Inc. | -0.2% | — | 不變 |
| 40 | CSX | Csx CORP | -0.2% | — | 不變 |
| 41 | BN | Brookfield CORP | -0.2% | — | 不變 |
| 42 | BAC | Bank Of America CORP | -0.2% | -2.55% | 減碼 |
| 43 | CMG | Chipotle Mexican Grill Inc | -0.2% | EXIT | 清倉 |
| 44 | XLY | Ss Consumer Disc Select Sect | -0.3% | -2.35% | 減碼 |
| 45 | IBKR | Interactive Brokers Gro-cl A | -0.4% | EXIT | 清倉 |
| 46 | ✓ | Amazon Com Inc | -0.6% | +4.22% | 加碼 |
| 47 | VGT | Vanguard Info Tech ETF | -0.9% | -0.77% | 減碼 |
| 48 | GOOGL | Alphabet Inc-cl A | -1% | -0.44% | 減碼 |
| 49 | MSFT | Microsoft CORP | -1.2% | -12.54% | 減碼 |
| 50 | BX | Blackstone Inc | -2% | -0.97% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Wulff, Hansen & Co. 在 Q1 2025 季度的美股持倉總市值約為 US$1.3億，共申報了 98 個公開持股部位。
在 Q1 2025 季度，Wulff, Hansen & Co. 按市值排列的前三大核心持股分別為：BX (6.9%)、VGT (4.4%)、AMAZON COM INC (3.8%)。其中最大持股部位 BX 佔據整體投資組合約 6.9% 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
CAT
市值: US$70.7萬
本季最大獲利了結 / 清倉標的
IBKR
前期市值: US$37.1萬
在 Q1 2025 季度中，Wulff, Hansen & Co. 共進行了 42 項持倉異動，包含新建倉 7 個部位、加碼 17 個部位、減碼 13 個部位以及清倉 5 個部位。 其中最大新建倉標的為 CAT。 本季清倉部位包含 IBKR。
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。