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: 0001127799
申報總市值
US$144.1億
US$144.1億
270 檔
27.7%
Zurich Insurance Group Ltd/FI 在 Q3 2025 季度的美股部位總計估值為 US$144.1億，分散於 270 個持倉標的之中，反映其市場參與廣度與投資規模。
觀察 Q3 2025 的資金脈絡，Zurich Insurance Group Ltd/FI 在獲利結算 54 檔個股的同時，將資本重新部署至 57 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 NVDA, AAPL, MSFT）累計市值佔比達 27.7%，是驅動 Zurich Insurance Group Ltd/FI 該季度整體投資組合績效表現的核心支柱。
本季最大新建倉標的
APP
市值: US$2.0億
本季最大獲利了結 / 清倉標的
BSX
前期市值: US$1.4億
僅顯示前 200 大持股（共 270 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 | 7.73% | +0.10% | -5.11% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 6.37% | -0.17% | +21.74% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 5.97% | -1.10% | -6.88% | |
| 4 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 4.92% | +0.60% | +21.16% | |
| 5 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 3.50% | -0.17% | +4.68% | |
| 6 | AMZN | Amazon.com Inc | 股票-循環性消費 | 3.22% | +0.35% | -20.95% | |
| 7 | AVGO | Broadcom Inc | 股票-科技 | 2.15% | +0.18% | -18.56% | |
| 8 | TSLA | Tesla Inc | 股票-循環性消費 | 1.96% | +0.04% | +3.87% | |
| 9 | NFLX | Netflix Inc | 股票-通訊服務 | 1.64% | -0.71% | +7.97% | |
| 10 | APP | Applovin Corp-class A | 股票-科技 | 1.43% | -0.12% | EXIT | |
| 11 | CRH | CRH plc | 股票-原物料 | 1.39% | -0.05% | +150.39% | |
| 12 | BAC | Bank Of America CORP | 股票-金融 | 1.38% | +0.43% | -8.63% | |
| 13 | ABBV | Abbvie Inc | 股票-醫療保健 | 1.32% | +0.10% | +23.02% | |
| 14 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.27% | +0.07% | +0.42% | |
| 15 | V | Visa Inc-class A Shares | 股票-金融 | 1.21% | -0.02% | +15.94% | |
| 16 | GE | General Electric | 股票-工業 | 1.18% | +0.27% | +9.10% | |
| 17 | WMT | Walmart Inc | 股票-非循環性消費 | 1.09% | +0.32% | +66.22% | |
| 18 | IDXX | Idexx Laboratories Inc | 股票-醫療保健 | 1.03% | — | — | |
| 19 | COF | Capital One Financial CORP | 股票-金融 | 0.99% | +0.22% | +22.62% | |
| 20 | BNS | Bank Of Nova Scotia | 股票-金融 | 0.99% | — | — | |
| 21 | HD | Home Depot Inc | 股票-循環性消費 | 0.98% | -0.04% | +2070.39% | |
| 22 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.95% | +0.48% | -14.64% | |
| 23 | HWM | Howmet Aerospace Inc | 股票-工業 | 0.95% | +0.59% | NEW | |
| 24 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.92% | +0.50% | +103.42% | |
| 25 | MU | Micron Technology Inc | 股票-科技 | 0.91% | +1.22% | — | |
| 26 | STX | Seagate Technology Holdings plc | 股票-科技 | 0.90% | -0.15% | EXIT | |
| 27 | UBER | Uber Technologies Inc | 股票-工業 | 0.88% | — | +2.23% | |
| 28 | GEV | GE Vernova Inc | 股票-工業 | 0.86% | +0.04% | -19.95% | |
| 29 | HCA | Hca Healthcare Inc | 股票-醫療保健 | 0.82% | -0.14% | EXIT | |
| 30 | TPR | Tapestry Inc | 股票-循環性消費 | 0.81% | +0.06% | +5.97% | |
| 31 | TTWO | Take-two Interactive Softwre | 股票-通訊服務 | 0.81% | +0.35% | — | |
| 32 | IBM | Intl Business Machines CORP | 股票-科技 | 0.80% | -0.14% | -17.20% | |
| 33 | CFG | Citizens Financial Group | 股票-金融 | 0.79% | -0.09% | +326.28% | |
| 34 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.79% | +0.04% | -29.52% | |
| 35 | WYNN | Wynn Resorts LTD | 股票-循環性消費 | 0.79% | — | — | |
| 36 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.77% | -0.06% | +35.93% | |
| 37 | HIG | Hartford Insurance Group Inc | 股票-金融 | 0.76% | -0.19% | EXIT | |
| 38 | KLAC | Kla CORP | 股票-科技 | 0.73% | +0.52% | -3.15% | |
| 39 | ORCL | Oracle CORP | 股票-科技 | 0.73% | +0.16% | -53.82% | |
| 40 | MA | Mastercard Inc - A | 股票-金融 | 0.72% | -0.08% | -39.79% | |
| 41 | AXON | Axon Enterprise Inc | 股票-工業 | 0.70% | — | -19.55% | |
| 42 | NKE | Nike Inc -cl B | 股票-循環性消費 | 0.70% | — | — | |
| 43 | XOM | Exxon Mobil CORP | 股票-能源 | 0.67% | -0.81% | -6.61% | |
| 44 | RTX | Rtx CORP | 股票-工業 | 0.67% | -0.23% | -41.66% | |
| 45 | APH | Amphenol Corp-cl A | 股票-科技 | 0.62% | -0.37% | -6.08% | |
| 46 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.62% | -0.47% | EXIT | |
| 47 | CAT | Caterpillar Inc | 股票-工業 | 0.62% | +0.35% | +54.55% | |
| 48 | REGN | Regeneron Pharmaceuticals | 股票-醫療保健 | 0.60% | -0.60% | EXIT | |
| 49 | MET | Metlife Inc | 股票-金融 | 0.60% | — | — | |
| 50 | 6D8 | Dupont De Nemours Inc | 股票-其他 | 0.59% | — | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +3.1% | -5.11% | 加碼 |
| 2 | GOOGL | Alphabet Inc-cl A | +1.2% | +21.16% | 減碼 |
| 3 | CRH | CRH plc | +1.1% | +150.39% | 加碼 |
| 4 | HCA | Hca Healthcare Inc | +0.8% | +3755.89% | 加碼 |
| 5 | MU | Micron Technology Inc | +0.8% | — | 加碼 |
| 6 | APH | Amphenol Corp-cl A | +0.6% | -6.08% | 加碼 |
| 7 | TSLA | Tesla Inc | +0.6% | +3.87% | 減碼 |
| 8 | AVGO | Broadcom Inc | +0.5% | -18.56% | 減碼 |
| 9 | TEL | TE Connectivity plc | +0.5% | +2337.88% | 加碼 |
| 10 | HD | Home Depot Inc | +0.5% | +2070.39% | 加碼 |
| 11 | MET | Metlife Inc | +0.5% | — | 加碼 |
| 12 | COF | Capital One Financial CORP | +0.5% | +22.62% | 加碼 |
| 13 | META | Meta Platforms Inc-class A | +0.5% | +4.68% | 加碼 |
| 14 | KLAC | Kla CORP | +0.5% | -3.15% | 加碼 |
| 15 | COR | Cencora Inc | +0.4% | +2127.15% | 加碼 |
| 16 | BAC | Bank Of America CORP | +0.4% | -8.63% | 加碼 |
| 17 | GS | Goldman Sachs Group Inc | +0.4% | -29.52% | 加碼 |
| 18 | MSFT | Microsoft CORP | +0.3% | -6.88% | 減碼 |
| 19 | ABBV | Abbvie Inc | +0.3% | +23.02% | 加碼 |
| 20 | AAPL | Apple Inc | +0.3% | +21.74% | 加碼 |
| 21 | GE | General Electric | +0.3% | +9.10% | 加碼 |
| 22 | HWM | Howmet Aerospace Inc | +0.3% | -14.65% | 加碼 |
| 23 | URI | United Rentals Inc | +0.3% | +1159.83% | 加碼 |
| 24 | BLK | Blackrock Inc | +0.3% | +845.28% | 加碼 |
| 25 | RACE | Ferrari N.V. | +0.2% | +122.36% | 加碼 |
| 26 | AXON | Axon Enterprise Inc | +0.2% | -19.55% | 加碼 |
| 27 | SHOP | Shopify Inc - Class A | +0.2% | +10.14% | 加碼 |
| 28 | NRG | Nrg Energy Inc | +0.2% | -49.90% | 加碼 |
| 29 | SNOW | Snowflake Inc | +0.2% | +44.12% | 加碼 |
| 30 | NFLX | Netflix Inc | +0.2% | +7.97% | 減碼 |
| 31 | SE | Sea Ltd-adr | +0.1% | +53.54% | 加碼 |
| 32 | NEE | Nextera Energy Inc | +0.1% | — | 加碼 |
| 33 | IBM | Intl Business Machines CORP | +0.1% | -17.20% | 加碼 |
| 34 | UNH | Unitedhealth Group Inc | +0.1% | +103.42% | 加碼 |
| 35 | AER | AerCap Holdings N.V. | +0.1% | -25.88% | 加碼 |
| 36 | IGSB | Ishares 1-5y Inv Grade CORP | +0.1% | — | 加碼 |
| 37 | PLD | Prologis Inc | +0.1% | — | 加碼 |
| 38 | DB | Deutsche Bank Aktiengesellschaft | +0.1% | +496.76% | 加碼 |
| 39 | AEM | Agnico Eagle Mines LTD | 0% | -0.55% | 減碼 |
| 40 | VLO | Valero Energy CORP | 0% | +0.44% | 加碼 |
| 41 | C | Citigroup Inc | 0% | +5.23% | 減碼 |
| 42 | AAXJ | Ishares Msci All Country Asi | 0% | +155.06% | 加碼 |
| 43 | CM | Can Imperial Bk Of Commerce | 0% | -67.41% | 減碼 |
| 44 | JPM | Jpmorgan Chase & Co | 0% | +0.42% | 減碼 |
| 45 | BNY | Bank Of New York Mellon CORP | -0.1% | +29.95% | 減碼 |
| 46 | VOO | Vanguard S&p 500 ETF | -0.1% | -7.02% | 減碼 |
| 47 | BKR | Baker Hughes Co | -0.1% | — | 減碼 |
| 48 | BMY | Bristol-myers Squibb Co | -0.1% | — | 加碼 |
| 49 | AMGN | Amgen Inc | -0.1% | +557.42% | 減碼 |
| 50 | FCX | Freeport-mcmoran Inc | -0.1% | -48.29% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Zurich Insurance Group Ltd/FI 在 Q3 2025 季度的美股持倉總市值約為 US$144.1億，共申報了 270 個公開持股部位。
在 Q3 2025 季度，Zurich Insurance Group Ltd/FI 按市值排列的前三大核心持股分別為：NVDA (7.7%)、AAPL (6.4%)、MSFT (6.0%)。其中最大持股部位 NVDA 佔據整體投資組合約 7.7% 的權重。
在 Q3 2025 季度中，Zurich Insurance Group Ltd/FI 共進行了 199 項持倉異動，包含新建倉 57 個部位、加碼 36 個部位、減碼 52 個部位以及清倉 54 個部位。 其中最大新建倉標的為 APP。 本季清倉部位包含 BSX。
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。