13F 申报指南13F 概念全攻略
什么是 SEC Form 13F 申报？美股机构大户持股全攻略
完整解读 Form 13F 申报规范、1 亿美元门槛与 45 天延迟申报机制，学会如何追踪顶级对冲基金与机构法人持仓动向。
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CIK: 0001034642
申报总市值
US$31.2亿
US$31.2亿
322 檔
19.7%
在 Q3 2025 的 13F 官方备案中，Clifford Swan Investment Counsel LLC 管理的美股投资组合规模来到 US$31.2亿，整体持股档数为 322 档。
Clifford Swan Investment Counsel LLC 在 Q3 2025 进行了结构性的板块轮动与仓位换股。在开立 23 个全新仓位及加仓 56 档持股的同时，亦同步清仓 12 档并减仓 98 档标的。
在资产配置集中度方面，Clifford Swan Investment Counsel LLC 的前 5 大核心持股（包含 AAPL, MSFT, GOOGL 等）合计占整体申报市值的 19.7%，反映机构在主要关键仓位上的权重分布。
本季最大新建仓标的
CPAY
市值: US$916.2万
本季最大获利了结 / 清仓标的
WBA
前期市值: US$175.3万
仅显示前 200 大持股（共 322 只）
| # | 代码 | 标的名称 | 资产子类别 | 占比 | 占比变动 | 持仓量变化 | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AAPL | Apple Inc | 股票-科技 | 5.74% | +0.25% | -0.70% | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 5.31% | -0.20% | +0.38% | |
| 3 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 3.48% | +0.54% | -0.25% | |
| 4 | COST | Costco Wholesale CORP | 股票-非周期性消费 | 3.13% | -0.46% | -2.09% | |
| 5 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 2.82% | -0.09% | -1.40% | |
| 6 | UPS | United Parcel Service-cl B | 股票-工业 | 2.71% | +0.03% | +2.30% | |
| 7 | ANET | Arista Networks Inc | 股票-科技 | 2.67% | +0.52% | -4.35% | |
| 8 | ORCL | Oracle CORP | 股票-科技 | 2.39% | -0.11% | -4.29% | |
| 9 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.94% | +0.05% | -1.45% | |
| 10 | LOW | Lowe's Cos Inc | 股票-周期性消费 | 1.67% | -0.19% | -2.01% | |
| 11 | CVX | Chevron CORP | 股票-能源 | 1.65% | -0.57% | -0.20% | |
| 12 | ACN | Accenture plc | 股票-科技 | 1.53% | -0.40% | +6.81% | |
| 13 | FAST | Fastenal Co | 股票-工业 | 1.38% | -0.06% | -2.98% | |
| 14 | AXP | American Express Co | 股票-金融 | 1.37% | +0.05% | +3.00% | |
| 15 | UNH | Unitedhealth Group Inc | 股票-医疗保健 | 1.35% | +0.34% | +10.02% | |
| 16 | JNJ | Johnson & Johnson | 股票-医疗保健 | 1.35% | -0.07% | -1.28% | |
| 17 | AMZN | Amazon.com Inc | 股票-周期性消费 | 1.32% | +0.07% | -0.78% | |
| 18 | WFC | Wells Fargo & Co | 股票-金融 | 1.29% | -0.04% | -1.76% | |
| 19 | GOOG | Alphabet Inc-cl C | 股票-通信服务 | 1.28% | +0.18% | -0.91% | |
| 20 | RTX | Rtx CORP | 股票-工业 | 1.26% | -0.16% | +2.93% | |
| 21 | TSCO | Tractor Supply Company | 股票-周期性消费 | 1.24% | -0.31% | -2.11% | |
| 22 | ABBV | Abbvie Inc | 股票-医疗保健 | 1.17% | +0.08% | -0.11% | |
| 23 | CTVA | Corteva Inc | 股票-原材料 | 1.17% | -0.10% | +0.45% | |
| 24 | XOM | Exxon Mobil CORP | 股票-能源 | 1.13% | -0.42% | -0.40% | |
| 25 | EMR | Emerson Electric Co | 股票-工业 | 1.12% | +0.02% | -1.68% | |
| 26 | JNJ | Johnson & Johnson | 股票-医疗保健 | 1.09% | -0.02% | -2.54% | |
| 27 | LH | Labcorp Holdings Inc | 股票-医疗保健 | 1.01% | -0.04% | +2.13% | |
| 28 | MCK | Mckesson CORP | 股票-医疗保健 | 0.99% | -0.21% | -0.90% | |
| 29 | SYK | Stryker CORP | 股票-医疗保健 | 0.99% | -0.09% | -1.38% | |
| 30 | INTU | Intuit Inc | 股票-科技 | 0.98% | -0.21% | -0.90% | |
| 31 | ALSN | Allison Transmission Holding | 股票-周期性消费 | 0.98% | -0.17% | -3.08% | |
| 32 | ABT | Abbott Laboratories | 股票-医疗保健 | 0.93% | -0.12% | -0.55% | |
| 33 | QCOM | Qualcomm Inc | 股票-科技 | 0.92% | +0.19% | -0.02% | |
| 34 | GLD | Spdr Gold Shares | ETF-避险与商品 | 0.92% | -0.21% | +1.72% | |
| 35 | CSCO | Cisco Systems Inc | 股票-科技 | 0.85% | +0.34% | -0.65% | |
| 36 | BKNG | Booking Holdings Inc | 股票-周期性消费 | 0.83% | +0.18% | +2.95% | |
| 37 | MCD | Mcdonald's CORP | 股票-周期性消费 | 0.80% | -0.16% | -2.22% | |
| 38 | PG | Procter & Gamble Co/the | 股票-非周期性消费 | 0.76% | -0.05% | -0.22% | |
| 39 | META | Meta Platforms Inc-class A | 股票-通信服务 | 0.76% | -0.06% | +0.43% | |
| 40 | SYY | Sysco CORP | 股票-非周期性消费 | 0.76% | +0.06% | +3.13% | |
| 41 | PEP | Pepsico Inc | 股票-非周期性消费 | 0.72% | -0.15% | -1.26% | |
| 42 | PH | Parker Hannifin CORP | 股票-工业 | 0.67% | +0.02% | — | |
| 43 | EW | Edwards Lifesciences CORP | 股票-医疗保健 | 0.66% | +0.03% | -0.05% | |
| 44 | HPQ | Hp Inc | 股票-科技 | 0.65% | +0.03% | -3.64% | |
| 45 | SLB | Slb LTD | 股票-能源 | 0.63% | -0.16% | +1.16% | |
| 46 | A | Agilent Technologies Inc | 股票-医疗保健 | 0.61% | +0.05% | -0.06% | |
| 47 | MDLZ | Mondelez International Inc-a | 股票-非周期性消费 | 0.61% | -0.05% | -2.01% | |
| 48 | ENTG | Entegris Inc | 股票-科技 | 0.61% | +0.18% | +9.33% | |
| 49 | CAT | Caterpillar Inc | 股票-工业 | 0.59% | +0.37% | — | |
| 50 | NVO | Novo-nordisk A/s-spons Adr | 股票-医疗保健 | 0.57% | +0.08% | +13.68% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | MSFT | Microsoft CORP | +1.1% | +0.38% | 加仓 |
| 2 | GOOGL | Alphabet Inc-cl A | +1% | -0.25% | 加仓 |
| 3 | ANET | Arista Networks Inc | +1% | -4.35% | 减仓 |
| 4 | ORCL | Oracle CORP | +1% | -4.29% | 减仓 |
| 5 | GOOG | Alphabet Inc-cl C | +0.4% | -0.91% | 减仓 |
| 6 | UNH | Unitedhealth Group Inc | +0.2% | +10.02% | 加仓 |
| 7 | ENTG | Entegris Inc | +0.2% | +9.33% | 加仓 |
| 8 | AXP | American Express Co | +0.2% | +3.00% | 加仓 |
| 9 | FERG | Ferguson Enterprises Inc | +0.2% | +3.04% | 加仓 |
| 10 | JPM | Jpmorgan Chase & Co | +0.2% | -1.45% | 减仓 |
| 11 | RTX | Rtx CORP | +0.2% | +2.93% | 加仓 |
| 12 | ALLE | Allegion plc | +0.2% | — | 加仓 |
| 13 | JNJ | Johnson & Johnson | +0.2% | -2.54% | 减仓 |
| 14 | NVDA | Nvidia CORP | +0.2% | +0.15% | 加仓 |
| 15 | HPE | Hewlett Packard Enterprise | +0.2% | -0.08% | 减仓 |
| 16 | CAT | Caterpillar Inc | +0.1% | — | 加仓 |
| 17 | LH | Labcorp Holdings Inc | +0.1% | +2.13% | 加仓 |
| 18 | AVGO | Broadcom Inc | +0.1% | -8.02% | 减仓 |
| 19 | META | Meta Platforms Inc-class A | +0.1% | +0.43% | 加仓 |
| 20 | GS | Goldman Sachs Group Inc | +0.1% | +0.44% | 加仓 |
| 21 | CATH | Global X S&p 500 Ca Val ETF | +0.1% | +77.27% | 加仓 |
| 22 | TSLA | Tesla Inc | +0.1% | -2.31% | 加仓 |
| 23 | AAPL | Apple Inc | +0.1% | -0.70% | 减仓 |
| 24 | FAST | Fastenal Co | +0.1% | -2.98% | 加仓 |
| 25 | NVO | Novo-nordisk A/s-spons Adr | +0.1% | +13.68% | 加仓 |
| 26 | GE | General Electric | +0.1% | +3.39% | 加仓 |
| 27 | EMR | Emerson Electric Co | +0.1% | -1.68% | 减仓 |
| 28 | BKNG | Booking Holdings Inc | +0.1% | +2.95% | 加仓 |
| 29 | PH | Parker Hannifin CORP | +0.1% | — | 不变 |
| 30 | SYY | Sysco CORP | +0.1% | +3.13% | 加仓 |
| 31 | AON | Aon plc | +0.1% | +33.11% | 加仓 |
| 32 | AMZN | Amazon.com Inc | +0.1% | -0.78% | 加仓 |
| 33 | EBAY | Ebay Inc | +0.1% | -3.91% | 减仓 |
| 34 | EXPD | Expeditors Intl Wash Inc | +0.1% | +12.66% | 加仓 |
| 35 | GLD | Spdr Gold Shares | +0.1% | +1.72% | 减仓 |
| 36 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.1% | +7.90% | 加仓 |
| 37 | VTI | Vanguard Total Stock Mkt ETF | +0.1% | +2.48% | 加仓 |
| 38 | GEV | GE Vernova Inc | +0.1% | +0.03% | 加仓 |
| 39 | XLK | Ss Technology Select Sector | 0% | +1.43% | 减仓 |
| 40 | CMI | Cummins Inc | 0% | -0.57% | 减仓 |
| 41 | SLV | Ishares Silver Trust | 0% | +114.50% | 加仓 |
| 42 | GDX | Vaneck Gold Miners ETF | 0% | +4.72% | 加仓 |
| 43 | NEU | Newmarket CORP | 0% | — | 减仓 |
| 44 | IYW | Ishares Ustechnology ETF | 0% | +0.17% | 加仓 |
| 45 | RSP | Invesco S&p 500 Equal Weight | 0% | +113.95% | 加仓 |
| 46 | UNP | Union Pacific CORP | 0% | +1.95% | 加仓 |
| 47 | KEYS | Keysight Technologies In | 0% | -0.18% | 减仓 |
| 48 | NOC | Northrop Grumman CORP | 0% | — | 减仓 |
| 49 | IJR | Ishares Core S&p Small-cap E | 0% | +6.53% | 加仓 |
| 50 | KO | Coca-cola Co/the | 0% | +20.32% | 加仓 |
根据 SEC 官方 Form 13F 申报备案，Clifford Swan Investment Counsel LLC 在 Q3 2025 季度的美股持仓总市值约为 US$31.2亿，共申报了 322 个公开持股仓位。
在 Q3 2025 季度，Clifford Swan Investment Counsel LLC 按市值排列的前三大核心持股分别为：AAPL (5.7%)、MSFT (5.3%)、GOOGL (3.5%)。其中最大持股仓位 AAPL 占据整体投资组合约 5.7% 的权重。
在 Q3 2025 季度中，Clifford Swan Investment Counsel LLC 共进行了 189 项持仓异动，包含新建仓 23 个仓位、加仓 56 个仓位、减仓 98 个仓位以及清仓 12 个仓位。 其中最大新建仓标的为 CPAY。 本季清仓仓位包含 WBA。
本页面所有持股数据均直接同步自美国证券交易委员会（SEC）EDGAR 官方系统之 13F-HR / 13F-HR/A 季度申报文件。AlphaSMO 通过机器解析 CUSIP 与个股对照，提供 100% 精准对齐的历史时序数据集，并支持 Schema.org 结构化数据格式。
精选 AlphaSMO 大户持股与内部人交易深度分析，提升投资决策胜率
完整解读 Form 13F 申报规范、1 亿美元门槛与 45 天延迟申报机制，学会如何追踪顶级对冲基金与机构法人持仓动向。
深入剖析 5% 股权申报门槛、13D 与 13G 之差异，以及最新 SEC 申报时程规范，洞察机构法人的激进投资动向。