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
100 檔
21.0%
Q2 2025 季度申報顯示，Wulff, Hansen & Co. 揭露的美股組合總市值為 US$1.3億，涵蓋 100 個不同之權益投資部位。
在 Q2 2025，Wulff, Hansen & Co. 展現出較為審慎的避險與獲利了結姿態。本季共減碼 21 個部位並完全清倉 9 檔持股，調降曝險的部位數量高於加碼動作。
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 21.0%，展現出該機構在 Q2 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 | 6.86% | +4.97% | NEW | |
| 2 | VGT | Vanguard Info Tech ETF | ETF-科技型 | 5.03% | +6.35% | NEW | |
| 3 | ✓ | Amazon Com Inc | 股票-其他 | 4.27% | — | +4.60% | |
| 4 | MSFT | Microsoft CORP | 股票-科技 | 4.21% | -0.68% | -2.42% | |
| 5 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 3.04% | -0.53% | +1.79% | |
| 6 | JPM | Jpmorgan Chase & Co | 股票-金融 | 3.03% | -0.63% | -2.78% | |
| 7 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 2.91% | +5.46% | NEW | |
| 8 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 2.80% | -0.77% | -0.99% | |
| 9 | AAPL | Apple Inc | 股票-科技 | 2.72% | -0.53% | -3.09% | |
| 10 | RTX | Rtx CORP | 股票-工業 | 2.67% | -1.08% | -1.09% | |
| 11 | GE | General Electric | 股票-工業 | 2.19% | +0.01% | -12.83% | |
| 12 | V | Visa Inc-class A Shares | 股票-金融 | 2.08% | -0.22% | -9.76% | |
| 13 | BAC | Bank Of America CORP | 股票-金融 | 1.83% | -0.27% | -2.44% | |
| 14 | BN | Brookfield CORP | 股票-金融 | 1.74% | -0.12% | -2.48% | |
| 15 | PM | Philip Morris International | 股票-非循環性消費 | 1.71% | -0.35% | -1.04% | |
| 16 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.71% | -0.11% | -2.03% | |
| 17 | CSX | Csx CORP | 股票-工業 | 1.65% | -0.40% | -1.84% | |
| 18 | BIP | Brookfield Infrastructure Partners L.P. | 股票-公用事業 | 1.41% | -0.52% | -11.65% | |
| 19 | MDLZ | Mondelez International Inc-a | 股票-非循環性消費 | 1.38% | -0.36% | -0.89% | |
| 20 | NVDA | Nvidia CORP | 股票-科技 | 1.33% | -0.25% | -3.24% | |
| 21 | XLY | Ss Consumer Disc Select Sect | ETF-其他 | 1.32% | -0.34% | -2.68% | |
| 22 | HD | Home Depot Inc | 股票-循環性消費 | 1.28% | -0.26% | — | |
| 23 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.25% | -0.58% | -3.40% | |
| 24 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 1.23% | -0.48% | -1.25% | |
| 25 | BA | Boeing Co/the | 股票-工業 | 1.19% | -0.21% | +18.13% | |
| 26 | SCHD | Schwab US Dvd Equity ETF | ETF-其他 | 1.18% | -0.10% | -3.66% | |
| 27 | WLDN | Willdan Group Inc | 股票-其他 | 1.15% | -0.27% | -9.07% | |
| 28 | AWK | American Water Works Co Inc | 股票-公用事業 | 1.13% | -0.41% | -2.71% | |
| 29 | GPC | Genuine Parts Co | 股票-循環性消費 | 1.09% | -0.25% | -3.70% | |
| 30 | VCSH | Vanguard S/t CORP Bond ETF | ETF-投資等級公司債 | 1.03% | -0.39% | -3.65% | |
| 31 | CVX | Chevron CORP | 股票-能源 | 1.01% | -0.60% | +0.23% | |
| 32 | FCX | Freeport-mcmoran Inc | 股票-原物料 | 0.96% | -0.30% | +2.79% | |
| 33 | VOO | Vanguard S&p 500 ETF | ETF-大型股與成長 | 0.96% | -0.20% | — | |
| 34 | CRM | Salesforce Inc | 股票-科技 | 0.95% | — | +55.64% | |
| 35 | GEV | GE Vernova Inc | 股票-工業 | 0.94% | +0.06% | -3.35% | |
| 36 | LMT | Lockheed Martin CORP | 股票-工業 | 0.93% | -0.51% | +3.36% | |
| 37 | WMT | Walmart Inc | 股票-非循環性消費 | 0.90% | -0.45% | -24.29% | |
| 38 | XOM | Exxon Mobil CORP | 股票-能源 | 0.89% | -0.54% | — | |
| 39 | FLMI | Franklin Dynamic Municipal B | ETF-其他 | 0.86% | -0.25% | — | |
| 40 | CWT | California Water Service Grp | 股票-公用事業 | 0.84% | -0.18% | -1.01% | |
| 41 | DUK | Duke Energy CORP | 股票-公用事業 | 0.79% | -0.29% | — | |
| 42 | SPSM | Ss Spdr P S&p 600 Small Cap | ETF-中小型股 | 0.78% | -0.06% | +1.71% | |
| 43 | IGSB | Ishares 1-5y Inv Grade CORP | ETF-其他 | 0.78% | -0.25% | -10.61% | |
| 44 | WM | Waste Management Inc | 股票-工業 | 0.75% | -0.25% | — | |
| 45 | AVGO | Broadcom Inc | 股票-科技 | 0.74% | -0.01% | +49.17% | |
| 46 | DLR | Digital Realty Trust Inc | 股票-房地產 | 0.74% | -0.23% | — | |
| 47 | CAT | Caterpillar Inc | 股票-工業 | 0.71% | +0.08% | — | |
| 48 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 0.70% | -0.04% | -0.67% | |
| 49 | SO | Southern Co/the | 股票-公用事業 | 0.69% | -0.19% | — | |
| 50 | GIS | General Mills Inc | 股票-非循環性消費 | 0.58% | -0.16% | -2.63% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | VOO | Vanguard S&p 500 ETF | +1% | NEW | 新建倉 |
| 2 | MSFT | Microsoft CORP | +0.7% | -2.42% | 減碼 |
| 3 | VGT | Vanguard Info Tech ETF | +0.6% | -1.25% | 減碼 |
| 4 | ✓ | Amazon Com Inc | +0.5% | +4.60% | 加碼 |
| 5 | AVGO | Broadcom Inc | +0.4% | +49.17% | 加碼 |
| 6 | ITA | Ishares U.s. Aerospace & Def | +0.4% | NEW | 新建倉 |
| 7 | BAM | Brookfield Asset Mgmt-a | +0.4% | NEW | 新建倉 |
| 8 | GEV | GE Vernova Inc | +0.3% | -3.35% | 減碼 |
| 9 | SHEL | Shell Plc-adr | +0.3% | NEW | 新建倉 |
| 10 | SCHG | Schwab US Large-cap Growth | +0.3% | NEW | 新建倉 |
| 11 | NVDA | Nvidia CORP | +0.3% | -3.24% | 減碼 |
| 12 | BA | Boeing Co/the | +0.3% | +18.13% | 加碼 |
| 13 | CRM | Salesforce Inc | +0.3% | +55.64% | 加碼 |
| 14 | VIS | Vanguard Industrials ETF | +0.3% | NEW | 新建倉 |
| 15 | WLDN | Willdan Group Inc | +0.3% | -9.07% | 減碼 |
| 16 | AMAT | Applied Materials Inc | +0.2% | NEW | 新建倉 |
| 17 | HII | Huntington Ingalls Industrie | +0.2% | NEW | 新建倉 |
| 18 | JPM | Jpmorgan Chase & Co | +0.2% | -2.78% | 減碼 |
| 19 | ARM | Arm Holdings Plc-adr | +0.2% | NEW | 新建倉 |
| 20 | TRI4EUR | Thomson Reuters CORP | +0.2% | NEW | 新建倉 |
| 21 | SGOV | Ishares 0-3 Month Treasury B | +0.2% | NEW | 新建倉 |
| 22 | BN | Brookfield CORP | +0.1% | -2.48% | 減碼 |
| 23 | MP | Mp Materials CORP | +0.1% | +3.39% | 加碼 |
| 24 | GE | General Electric | +0.1% | -12.83% | 減碼 |
| 25 | PM | Philip Morris International | +0.1% | -1.04% | 減碼 |
| 26 | FCX | Freeport-mcmoran Inc | +0.1% | +2.79% | 加碼 |
| 27 | DLR | Digital Realty Trust Inc | +0.1% | — | 不變 |
| 28 | BAC | Bank Of America CORP | +0.1% | -2.44% | 減碼 |
| 29 | RTX | Rtx CORP | +0.1% | -1.09% | 減碼 |
| 30 | CSX | Csx CORP | 0% | -1.84% | 減碼 |
| 31 | COST | Costco Wholesale CORP | — | +1.79% | 加碼 |
| 32 | BX | Blackstone Inc | -0.1% | -1.45% | 減碼 |
| 33 | HPE | Hewlett Packard Enterprise | -0.2% | EXIT | 清倉 |
| 34 | WMT | Walmart Inc | -0.2% | -24.29% | 減碼 |
| 35 | DOW | Dow Inc | -0.2% | EXIT | 清倉 |
| 36 | CVX | Chevron CORP | -0.2% | +0.23% | 加碼 |
| 37 | JNJ | Johnson & Johnson | -0.2% | -3.40% | 減碼 |
| 38 | ✓ | Vanguard World Fds | -0.3% | EXIT | 清倉 |
| 39 | SCHX | Schwab US Large-cap ETF | -0.3% | EXIT | 清倉 |
| 40 | MRK | Merck & Co. Inc. | -0.3% | -1.25% | 減碼 |
| 41 | BAM | Brookfield Asset Management Ltd. | -0.3% | EXIT | 清倉 |
| 42 | 1939900D | Brookfield Infrastructure-a | -0.3% | EXIT | 清倉 |
| 43 | XAR | Ss Spdr S&p Aerospace Def | -0.3% | EXIT | 清倉 |
| 44 | FMS | Fresenius Medical Care-adr | -0.3% | EXIT | 清倉 |
| 45 | BRK-B | Berkshire Hathaway Inc-cl B | -0.3% | -2.03% | 減碼 |
| 46 | V | Visa Inc-class A Shares | -0.3% | -9.76% | 減碼 |
| 47 | R6C2 | Royal Dutch Shell-spon Adr-b | -0.4% | EXIT | 清倉 |
| 48 | PG | Procter & Gamble Co/the | -0.4% | -0.99% | 減碼 |
| 49 | AAPL | Apple Inc | -0.5% | -3.09% | 減碼 |
| 50 | GOOGL | Alphabet Inc-cl A | -0.8% | -25.75% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Wulff, Hansen & Co. 在 Q2 2025 季度的美股持倉總市值約為 US$1.3億，共申報了 100 個公開持股部位。
在 Q2 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 (5.0%)、AMAZON COM INC (4.3%)。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
VOO
市值: US$111.7萬
本季最大獲利了結 / 清倉標的
R6C2
前期市值: US$40.6萬
在 Q2 2025 季度中，Wulff, Hansen & Co. 共進行了 49 項持倉異動，包含新建倉 11 個部位、加碼 8 個部位、減碼 21 個部位以及清倉 9 個部位。 其中最大新建倉標的為 VOO。 本季清倉部位包含 R6C2。
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。