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: 0001368163
申報總市值
US$522.0億
US$522.0億
2561 檔
19.3%
根據最新整理的 13F 季度數據集，Zurcher Kantonalbank 於 Q2 2025 結束時的管理資產規模為 US$522.0億。該機構在本季度申報了 2561 檔美股持倉，呈現出該時期的主要投資地圖。
觀察 Q2 2025 的申報異動，Zurcher Kantonalbank 採取了強勁的買進策略，建倉與加碼動作（合計 132 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 NVDA, MSFT, UBS）占據了總市值的 19.3%，展現出該機構在 Q2 2025 的重點資金聚焦與風險分佈特徵。
本季最大新建倉標的
AMRZ
市值: US$4.5億
本季最大獲利了結 / 清倉標的
DFSEUR
前期市值: US$5177.3萬
僅顯示前 200 大持股（共 2561 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 | NVDA | Nvidia CORP | 股票-科技 | 6.27% | -0.20% | +7.43% | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 5.57% | -1.08% | +8.07% | |
| 3 | UBS | UBS Group AG | 股票-金融 | 4.91% | +0.54% | +7.15% | |
| 4 | AAPL | Apple Inc | 股票-科技 | 4.60% | -0.01% | +9.94% | |
| 5 | AMZN | Amazon.com Inc | 股票-循環性消費 | 3.29% | +0.11% | -1.20% | |
| 6 | AVGO | Broadcom Inc | 股票-科技 | 2.12% | +0.14% | +5.57% | |
| 7 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.03% | -0.19% | +2.34% | |
| 8 | ALC | Alcon Inc. | 股票-醫療保健 | 1.97% | -0.26% | +7.38% | |
| 9 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.80% | +0.32% | +0.16% | |
| 10 | TSLA | Tesla Inc | 股票-循環性消費 | 1.36% | -0.27% | +3.35% | |
| 11 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.28% | -0.06% | -6.27% | |
| 12 | V | Visa Inc-class A Shares | 股票-金融 | 1.19% | +0.06% | +10.60% | |
| 13 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.17% | -0.31% | -3.71% | |
| 14 | AMRZ | Amrize Ltd | 股票-原物料 | 1.11% | -0.16% | — | |
| 15 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.09% | +0.24% | +5.11% | |
| 16 | WMT | Walmart Inc | 股票-非循環性消費 | 0.78% | -0.20% | +49.31% | |
| 17 | MA | Mastercard Inc - A | 股票-金融 | 0.66% | +0.05% | -14.46% | |
| 18 | CRM | Salesforce Inc | 股票-科技 | 0.59% | -0.08% | +6.08% | |
| 19 | XOM | Exxon Mobil CORP | 股票-能源 | 0.58% | -0.05% | -0.87% | |
| 20 | LOGI | Logitech International S.A. | 股票-科技 | 0.56% | -0.01% | -2.54% | |
| 21 | HD | Home Depot Inc | 股票-循環性消費 | 0.55% | +0.16% | +31.92% | |
| 22 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.55% | -0.04% | -22.53% | |
| 23 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.53% | -0.14% | +8.11% | |
| 24 | CSCO | Cisco Systems Inc | 股票-科技 | 0.52% | +0.09% | -7.39% | |
| 25 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.52% | -0.13% | +7.81% | |
| 26 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.49% | +0.06% | +2.68% | |
| 27 | NFLX | Netflix Inc | 股票-通訊服務 | 0.48% | -0.02% | +18.10% | |
| 28 | BSX | Boston Scientific CORP | 股票-醫療保健 | 0.48% | -0.16% | +37.53% | |
| 29 | ADBE | Adobe Inc | 股票-科技 | 0.47% | -0.09% | +6.72% | |
| 30 | LIN | Linde plc | 股票-原物料 | 0.47% | -0.02% | +4.15% | |
| 31 | ORCL | Oracle CORP | 股票-科技 | 0.47% | +0.05% | +81.15% | |
| 32 | ETN | Eaton Corporation plc | 股票-工業 | 0.45% | -0.15% | +9.86% | |
| 33 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.43% | +0.15% | +55.45% | |
| 34 | GILD | Gilead Sciences Inc | 股票-醫療保健 | 0.43% | -0.22% | +4.27% | |
| 35 | VRTX | Vertex Pharmaceuticals Inc | 股票-醫療保健 | 0.43% | -0.01% | +2.51% | |
| 36 | ACN | Accenture plc | 股票-科技 | 0.43% | -0.13% | -10.05% | |
| 37 | IBM | Intl Business Machines CORP | 股票-科技 | 0.42% | +0.10% | +2.35% | |
| 38 | BAC | Bank Of America CORP | 股票-金融 | 0.41% | -0.10% | -11.28% | |
| 39 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.40% | -0.06% | +36.71% | |
| 40 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.40% | -0.04% | +19.76% | |
| 41 | T | At&t Inc | 股票-通訊服務 | 0.39% | -0.09% | +10.73% | |
| 42 | BNY | Bank Of New York Mellon CORP | 股票-金融 | 0.38% | +0.05% | -0.77% | |
| 43 | INTU | Intuit Inc | 股票-科技 | 0.37% | -0.16% | +44.63% | |
| 44 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.37% | +0.21% | +8.48% | |
| 45 | TMUS | T-mobile US Inc | 股票-通訊服務 | 0.36% | -0.02% | +39.15% | |
| 46 | WFC | Wells Fargo & Co | 股票-金融 | 0.36% | -0.03% | +44.76% | |
| 47 | ANET | Arista Networks Inc | 股票-科技 | 0.35% | +0.02% | +114.09% | |
| 48 | ECL | Ecolab Inc | 股票-原物料 | 0.34% | -0.01% | -5.92% | |
| 49 | GE | General Electric | 股票-工業 | 0.34% | +0.05% | +8.03% | |
| 50 | APH | Amphenol Corp-cl A | 股票-科技 | 0.33% | +0.05% | +5.20% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +1.6% | +7.43% | 加碼 |
| 2 | AMRZ | Amrize Ltd | +1.1% | NEW | 新建倉 |
| 3 | MSFT | Microsoft CORP | +1% | +8.07% | 加碼 |
| 4 | AVGO | Broadcom Inc | +0.7% | +5.57% | 加碼 |
| 5 | ORCL | Oracle CORP | +0.3% | +81.15% | 加碼 |
| 6 | WMT | Walmart Inc | +0.2% | +49.31% | 加碼 |
| 7 | META | Meta Platforms Inc-class A | +0.2% | +2.34% | 加碼 |
| 8 | ANET | Arista Networks Inc | +0.2% | +114.09% | 加碼 |
| 9 | ICE | Intercontinental Exchange In | +0.2% | +168.33% | 加碼 |
| 10 | TT | Trane Technologies plc | +0.2% | +131.23% | 加碼 |
| 11 | ADI | Analog Devices Inc | +0.2% | +228.87% | 加碼 |
| 12 | APTV | Aptiv PLC | +0.2% | +600.65% | 加碼 |
| 13 | NFLX | Netflix Inc | +0.2% | +18.10% | 加碼 |
| 14 | FIX | Comfort Systems USA Inc | +0.2% | +1095.82% | 加碼 |
| 15 | INTU | Intuit Inc | +0.1% | +44.63% | 加碼 |
| 16 | AME | Ametek Inc | +0.1% | +249.21% | 加碼 |
| 17 | FOXA | Fox CORP - Class A | +0.1% | +1334.99% | 加碼 |
| 18 | TSLA | Tesla Inc | +0.1% | +3.35% | 加碼 |
| 19 | BSX | Boston Scientific CORP | +0.1% | +37.53% | 加碼 |
| 20 | WFC | Wells Fargo & Co | +0.1% | +44.76% | 加碼 |
| 21 | VRT | Vertiv Holdings Co-a | +0.1% | +2.24% | 加碼 |
| 22 | ETN | Eaton Corporation plc | +0.1% | +9.86% | 加碼 |
| 23 | APH | Amphenol Corp-cl A | +0.1% | +5.20% | 加碼 |
| 24 | COF | Capital One Financial CORP | +0.1% | +61.70% | 加碼 |
| 25 | UBER | Uber Technologies Inc | +0.1% | +39.70% | 加碼 |
| 26 | INTC | Intel CORP | +0.1% | +70.08% | 加碼 |
| 27 | NOW | Servicenow Inc | +0.1% | +20.34% | 加碼 |
| 28 | PLTR | Palantir Technologies Inc-a | +0.1% | +3.18% | 加碼 |
| 29 | GEV | GE Vernova Inc | +0.1% | -1.44% | 減碼 |
| 30 | LKQ | Lkq CORP | +0.1% | +296.89% | 加碼 |
| 31 | CRS | Carpenter Technology | +0.1% | +944.91% | 加碼 |
| 32 | NRG | Nrg Energy Inc | +0.1% | +70.43% | 加碼 |
| 33 | UBS | UBS Group AG | +0.1% | +7.15% | 加碼 |
| 34 | HD | Home Depot Inc | +0.1% | +31.92% | 加碼 |
| 35 | ABBV | Abbvie Inc | +0.1% | +55.45% | 加碼 |
| 36 | FISV | Fiserv Inc | +0.1% | +98.97% | 加碼 |
| 37 | SCHW | Schwab (charles) CORP | +0.1% | +37.85% | 加碼 |
| 38 | HOOD | Robinhood Markets Inc - A | +0.1% | +30.08% | 加碼 |
| 39 | NWSA | News CORP - Class A | +0.1% | +1184.97% | 加碼 |
| 40 | GE | General Electric | +0.1% | +8.03% | 加碼 |
| 41 | PWR | Quanta Services Inc | +0.1% | -3.92% | 減碼 |
| 42 | TTEK | Tetra Tech Inc | +0.1% | +31.77% | 加碼 |
| 43 | MDT | Medtronic plc | +0.1% | +95.12% | 加碼 |
| 44 | AMD | Advanced Micro Devices | +0.1% | +6.72% | 加碼 |
| 45 | TEL | TE Connectivity plc | +0.1% | +215.29% | 加碼 |
| 46 | CAH | Cardinal Health Inc | +0.1% | +80.50% | 加碼 |
| 47 | ZS | Zscaler Inc | +0.1% | +43.68% | 加碼 |
| 48 | COIN | Coinbase Global Inc -class A | +0.1% | +17.18% | 加碼 |
| 49 | ROK | Rockwell Automation Inc | +0.1% | +124.03% | 加碼 |
| 50 | YUM | Yum! Brands Inc | +0.1% | +141.79% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Zurcher Kantonalbank 在 Q2 2025 季度的美股持倉總市值約為 US$522.0億，共申報了 2561 個公開持股部位。
在 Q2 2025 季度，Zurcher Kantonalbank 按市值排列的前三大核心持股分別為：NVDA (6.3%)、MSFT (5.6%)、UBS (4.9%)。其中最大持股部位 NVDA 佔據整體投資組合約 6.3% 的權重。
在 Q2 2025 季度中，Zurcher Kantonalbank 共進行了 200 項持倉異動，包含新建倉 2 個部位、加碼 130 個部位、減碼 66 個部位以及清倉 2 個部位。 其中最大新建倉標的為 AMRZ。 本季清倉部位包含 DFSEUR。
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。