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: 0001584801
申報總市值
US$11.4億
US$11.4億
44 檔
35.5%
根據最新整理的 13F 季度數據集，Ycg, LLC 於 Q4 2025 結束時的管理資產規模為 US$11.4億。該機構在本季度申報了 44 檔美股持倉，呈現出該時期的主要投資地圖。
觀察 Q4 2025 的申報異動，Ycg, LLC 採取了強勁的買進策略，建倉與加碼動作（合計 30 筆）涵蓋多個核心板塊，展現機構對特定產業前景之樂觀態度。
檢視投資組合結構，前 5 大主力部位（包含 MCO, MA, MSFT）占據了總市值的 35.5%，展現出該機構在 Q4 2025 的重點資金聚焦與風險分佈特徵。
本季最大新建倉標的
LIN
市值: US$3386.6萬
本季最大獲利了結 / 清倉標的
MSFT
前期市值: US$1.1億
| # | 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 | MCO | Moody's CORP | 股票-金融 | 6.98% | +0.03% | -1.86% | |
| 2 | MA | Mastercard Inc - A | 股票-金融 | 6.94% | -0.03% | -6.02% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 6.34% | -0.14% | -21.01% | |
| 4 | FICO | Fair Isaac CORP | 股票-科技 | 5.38% | +1.82% | -5.02% | |
| 5 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 4.83% | -0.50% | -19.58% | |
| 6 | MSCI | Msci Inc | 股票-金融 | 4.77% | -0.07% | +0.52% | |
| 7 | CPRT | Copart Inc | 股票-工業 | 4.37% | +0.92% | +14.41% | |
| 8 | WM | Waste Management Inc | 股票-工業 | 4.07% | -0.81% | +0.31% | |
| 9 | AON | Aon plc | 股票-金融 | 4.03% | -0.06% | +0.12% | |
| 10 | AMZN | Amazon.com Inc | 股票-循環性消費 | 3.45% | +0.15% | -42.39% | |
| 11 | SPGI | S&p Global Inc | 股票-金融 | 3.38% | -0.21% | +0.88% | |
| 12 | MRSH | Marsh & Mclennan Cos | 股票-金融 | 3.37% | -0.25% | +5.56% | |
| 13 | RSG | Republic Services Inc | 股票-工業 | 3.36% | -0.44% | +1.27% | |
| 14 | INTU | Intuit Inc | 股票-科技 | 3.16% | -1.54% | +0.48% | |
| 15 | VRSK | Verisk Analytics Inc | 股票-工業 | 3.15% | +0.22% | +25.93% | |
| 16 | CME | Cme Group Inc | 股票-金融 | 2.58% | +0.26% | +16.86% | |
| 17 | LIN | Linde plc | 股票-原物料 | 2.56% | +0.36% | — | |
| 18 | TDG | Transdigm Group Inc | 股票-工業 | 2.34% | +2.25% | — | |
| 19 | CNI | Canadian Natl Railway Co | 股票-工業 | 2.19% | -0.21% | +0.47% | |
| 20 | CBRE | Cbre Group Inc - A | 股票-房地產 | 2.18% | -1.34% | -12.47% | |
| 21 | CP | Canadian Pacific Kansas City | 股票-工業 | 2.16% | -0.26% | +0.61% | |
| 22 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.86% | +0.03% | -0.81% | |
| 23 | CSGP | Costar Group Inc | 股票-房地產 | 1.82% | -0.72% | EXIT | |
| 24 | RACE | Ferrari N.V. | 股票-循環性消費 | 1.79% | +0.52% | +67.44% | |
| 25 | V | Visa Inc-class A Shares | 股票-金融 | 1.62% | +0.13% | -0.19% | |
| 26 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.29% | +0.36% | +3584.19% | |
| 27 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 1.27% | -0.05% | +1.23% | |
| 28 | CL | Colgate-palmolive Co | 股票-非循環性消費 | 1.25% | +0.02% | -0.08% | |
| 29 | ADBE | Adobe Inc | 股票-科技 | 1.22% | -0.64% | EXIT | |
| 30 | AAPL | Apple Inc | 股票-科技 | 1.18% | -0.70% | -74.73% | |
| 31 | PGR | Progressive CORP | 股票-金融 | 1.10% | -0.65% | EXIT | |
| 32 | CRH | CRH plc | 股票-原物料 | 1.08% | +0.12% | +0.28% | |
| 33 | VMC | Vulcan Materials Co | 股票-原物料 | 0.97% | +0.72% | +9.96% | |
| 34 | MLM | Martin Marietta Materials | 股票-原物料 | 0.96% | +0.39% | +0.68% | |
| 35 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.40% | +0.01% | -7.08% | |
| 36 | SGOV | Ishares 0-3 Month Treasury B | ETF-政府公債 | 0.12% | +0.01% | +420.87% | |
| 37 | BRK-A | Berkshire Hathaway Inc-cl A | 股票-其他 | 0.11% | +0.01% | — | |
| 38 | SYK | Stryker CORP | 股票-醫療保健 | 0.10% | -0.01% | +22.57% | |
| 39 | EFX | Equifax Inc | 股票-工業 | 0.10% | -0.01% | — | |
| 40 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.07% | — | +24.00% | |
| 41 | AMGN | Amgen Inc | 股票-醫療保健 | 0.04% | — | — | |
| 42 | CAT | Caterpillar Inc | 股票-工業 | 0.03% | — | — | |
| 43 | ORLY | O'reilly Automotive Inc | 股票-循環性消費 | 0.02% | — | — | |
| 44 | SCHW | Schwab (charles) CORP | 股票-金融 | 0.02% | — | — |
| # | 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 | +1.3% | +3584.19% | 加碼 |
| 2 | CME | Cme Group Inc | +0.4% | +16.86% | 加碼 |
| 3 | RACE | Ferrari N.V. | +0.4% | +67.44% | 加碼 |
| 4 | FICO | Fair Isaac CORP | +0.4% | -5.02% | 減碼 |
| 5 | MCO | Moody's CORP | +0.4% | -1.86% | 減碼 |
| 6 | VRSK | Verisk Analytics Inc | +0.4% | +25.93% | 加碼 |
| 7 | SPGI | S&p Global Inc | +0.3% | +0.88% | 加碼 |
| 8 | GOOG | Alphabet Inc-cl C | +0.2% | -19.58% | 減碼 |
| 9 | CNI | Canadian Natl Railway Co | +0.1% | +0.47% | 加碼 |
| 10 | SGOV | Ishares 0-3 Month Treasury B | +0.1% | +420.87% | 加碼 |
| 11 | MSCI | Msci Inc | +0.1% | +0.52% | 加碼 |
| 12 | CRH | CRH plc | +0.1% | +0.28% | 加碼 |
| 13 | V | Visa Inc-class A Shares | +0.1% | -0.19% | 減碼 |
| 14 | JNJ | Johnson & Johnson | 0% | +24.00% | 加碼 |
| 15 | VMC | Vulcan Materials Co | 0% | +9.96% | 加碼 |
| 16 | SYK | Stryker CORP | 0% | +22.57% | 加碼 |
| 17 | WM | Waste Management Inc | 0% | +0.31% | 加碼 |
| 18 | CPRT | Copart Inc | — | +14.41% | 加碼 |
| 19 | CL | Colgate-palmolive Co | — | -0.08% | 減碼 |
| 20 | BRK-B | Berkshire Hathaway Inc-cl B | — | -0.81% | 減碼 |
| 21 | ADBE | Adobe Inc | — | +0.33% | 加碼 |
| 22 | MLM | Martin Marietta Materials | — | +0.68% | 加碼 |
| 23 | CP | Canadian Pacific Kansas City | 0% | +0.61% | 加碼 |
| 24 | KO | Coca-cola Co/the | 0% | -7.08% | 減碼 |
| 25 | AON | Aon plc | 0% | +0.12% | 加碼 |
| 26 | EFX | Equifax Inc | 0% | — | 不變 |
| 27 | PGR | Progressive CORP | 0% | +4.85% | 加碼 |
| 28 | PG | Procter & Gamble Co/the | -0.1% | +1.23% | 加碼 |
| 29 | INTU | Intuit Inc | -0.1% | +0.48% | 加碼 |
| 30 | MRSH | Marsh & Mclennan Cos | -0.1% | +5.56% | 加碼 |
| 31 | RSG | Republic Services Inc | -0.2% | +1.27% | 加碼 |
| 32 | CBRE | Cbre Group Inc - A | -0.3% | -12.47% | 減碼 |
| 33 | MA | Mastercard Inc - A | -0.4% | -6.02% | 減碼 |
| 34 | CSGP | Costar Group Inc | -0.5% | -0.03% | 減碼 |
| 35 | MSFT | Microsoft CORP | -2.2% | -21.01% | 減碼 |
| 36 | AMZN | Amazon.com Inc | -2.2% | -42.39% | 減碼 |
| 37 | AAPL | Apple Inc | -3.2% | -74.73% | 減碼 |
| 38 | LIN | Linde plc | — | NEW | 新建倉 |
| 39 | TDG | Transdigm Group Inc | — | NEW | 新建倉 |
| 40 | BRK-A | Berkshire Hathaway Inc-cl A | — | NEW | 新建倉 |
| 41 | AMGN | Amgen Inc | — | NEW | 新建倉 |
| 42 | CAT | Caterpillar Inc | — | NEW | 新建倉 |
| 43 | ORLY | O'reilly Automotive Inc | — | NEW | 新建倉 |
| 44 | SCHW | Schwab (charles) CORP | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Ycg, LLC 在 Q4 2025 季度的美股持倉總市值約為 US$11.4億，共申報了 44 個公開持股部位。
在 Q4 2025 季度，Ycg, LLC 按市值排列的前三大核心持股分別為：MCO (7.0%)、MA (6.9%)、MSFT (6.3%)。其中最大持股部位 MCO 佔據整體投資組合約 7.0% 的權重。
在 Q4 2025 季度中，Ycg, LLC 共進行了 43 項持倉異動，包含新建倉 7 個部位、加碼 23 個部位、減碼 13 個部位以及清倉 0 個部位。 其中最大新建倉標的為 LIN。
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。
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。
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。