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: 0001802534
申報總市值
US$8.8億
US$8.8億
73 檔
22.3%
根據最新整理的 13F 季度數據集，Absher Wealth Management, LLC 於 Q4 2025 結束時的管理資產規模為 US$8.8億。該機構在本季度申報了 73 檔美股持倉，呈現出該時期的主要投資地圖。
Absher Wealth Management, LLC 在 Q4 2025 的調整主要集中於風險出清，清倉與減碼部位合計達 31 檔，反映機構對當前市場環境或個別公司估值採取較為保留之看法。
檢視投資組合結構，前 5 大主力部位（包含 MTB, LECO, MSFT）占據了總市值的 22.3%，展現出該機構在 Q4 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 | MTB | M & T Bank CORP | 股票-金融 | 5.97% | -0.26% | +0.35% | |
| 2 | LECO | Lincoln Electric Holdings | 股票-工業 | 4.44% | +0.36% | -0.14% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 4.36% | -0.06% | -2.46% | |
| 4 | PEP | Pepsico Inc | 股票-非循環性消費 | 4.32% | -0.50% | -12.36% | |
| 5 | ADI | Analog Devices Inc | 股票-科技 | 4.18% | +0.10% | -8.31% | |
| 6 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 4.14% | +0.50% | -3.38% | |
| 7 | JPM | Jpmorgan Chase & Co | 股票-金融 | 4.09% | +0.29% | -2.67% | |
| 8 | JNJ | Johnson & Johnson | 股票-醫療保健 | 3.94% | +0.06% | -14.16% | |
| 9 | EMR | Emerson Electric Co | 股票-工業 | 3.93% | +0.36% | -0.08% | |
| 10 | SNA | Snap-on Inc | 股票-工業 | 3.84% | -0.12% | +0.01% | |
| 11 | V | Visa Inc-class A Shares | 股票-金融 | 3.74% | +0.53% | +0.26% | |
| 12 | NKE | Nike Inc -cl B | 股票-循環性消費 | 3.73% | -3.10% | EXIT | |
| 13 | PAYX | Paychex Inc | 股票-科技 | 3.64% | +0.05% | NEW | |
| 14 | SBUX | Starbucks CORP | 股票-循環性消費 | 3.60% | -2.69% | +14.94% | |
| 15 | WMT | Walmart Inc | 股票-非循環性消費 | 3.53% | -0.38% | -2.49% | |
| 16 | RL | Ralph Lauren CORP | 股票-循環性消費 | 3.38% | +0.39% | -7.98% | |
| 17 | DE | Deere & Co | 股票-工業 | 3.38% | +0.35% | +0.93% | |
| 18 | CVX | Chevron CORP | 股票-能源 | 3.32% | -0.83% | +0.77% | |
| 19 | FAST | Fastenal Co | 股票-工業 | 3.22% | +0.03% | +26.46% | |
| 20 | BA | Boeing Co/the | 股票-工業 | 3.12% | +0.19% | +25.47% | |
| 21 | AMGN | Amgen Inc | 股票-醫療保健 | 3.04% | +0.01% | -0.69% | |
| 22 | ABT | Abbott Laboratories | 股票-醫療保健 | 2.93% | +0.61% | +24.75% | |
| 23 | AAPL | Apple Inc | 股票-科技 | 2.78% | +0.25% | -3.12% | |
| 24 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 2.74% | -0.25% | +7.95% | |
| 25 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 2.61% | +0.06% | -1.19% | |
| 26 | MCD | Mcdonald's CORP | 股票-循環性消費 | 2.19% | +0.62% | +1.21% | |
| 27 | LOW | Lowe's Cos Inc | 股票-循環性消費 | 0.39% | -0.03% | +28.56% | |
| 28 | LULU | Lululemon Athletica Inc | 股票-循環性消費 | 0.37% | -0.07% | -10.17% | |
| 29 | CMI | Cummins Inc | 股票-工業 | 0.33% | +0.02% | -20.67% | |
| 30 | ADBE | Adobe Inc | 股票-科技 | 0.29% | -0.04% | +2.82% | |
| 31 | ZBH | Zimmer Biomet Holdings Inc | 股票-醫療保健 | 0.27% | -0.04% | +7.63% | |
| 32 | HSY | Hershey Co/the | 股票-非循環性消費 | 0.27% | — | -7.70% | |
| 33 | PAYC | Paycom Software Inc | 股票-科技 | 0.25% | — | +119.50% | |
| 34 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.25% | +0.04% | -3.84% | |
| 35 | SHEL | Shell Plc-adr | 股票-能源 | 0.23% | -0.03% | +2.84% | |
| 36 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.23% | -0.01% | -13.23% | |
| 37 | WMS | Advanced Drainage Systems In | 股票-工業 | 0.21% | +0.02% | -24.40% | |
| 38 | AME | Ametek Inc | 股票-工業 | 0.19% | +0.01% | -5.87% | |
| 39 | ACN | Accenture plc | 股票-科技 | 0.18% | -0.09% | +24.99% | |
| 40 | DG | Dollar General CORP | 股票-非循環性消費 | 0.15% | — | -13.39% | |
| 41 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.15% | — | +6.77% | |
| 42 | MCY | Mercury General CORP | 股票-其他 | 0.15% | +0.02% | +0.60% | |
| 43 | DIS | Walt Disney Co/the | 股票-通訊服務 | 0.14% | -0.01% | -3.82% | |
| 44 | MA | Mastercard Inc - A | 股票-金融 | 0.12% | +0.01% | -6.63% | |
| 45 | PSA | Public Storage | 股票-房地產 | 0.11% | -0.04% | +31.76% | |
| 46 | TPR | Tapestry Inc | 股票-循環性消費 | 0.11% | — | -28.68% | |
| 47 | WAT | Waters CORP | 股票-醫療保健 | 0.11% | +0.03% | -8.21% | |
| 48 | AMZN | Amazon.com Inc | 股票-循環性消費 | 0.09% | — | +0.34% | |
| 49 | PM | Philip Morris International | 股票-非循環性消費 | 0.09% | — | +6.23% | |
| 50 | TXN | Texas Instruments Inc | 股票-科技 | 0.09% | -0.01% | +8.68% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | GOOGL | Alphabet Inc-cl A | +0.8% | -3.38% | 減碼 |
| 2 | BA | Boeing Co/the | +0.6% | +25.47% | 加碼 |
| 3 | SBUX | Starbucks CORP | +0.4% | +14.94% | 加碼 |
| 4 | ABT | Abbott Laboratories | +0.4% | +24.75% | 加碼 |
| 5 | AMGN | Amgen Inc | +0.4% | -0.69% | 減碼 |
| 6 | PAYX | Paychex Inc | +0.3% | +25.03% | 加碼 |
| 7 | WMT | Walmart Inc | +0.2% | -2.49% | 減碼 |
| 8 | RL | Ralph Lauren CORP | +0.1% | -7.98% | 減碼 |
| 9 | PAYC | Paycom Software Inc | +0.1% | +119.50% | 加碼 |
| 10 | MTB | M & T Bank CORP | +0.1% | +0.35% | 加碼 |
| 11 | FAST | Fastenal Co | +0.1% | +26.46% | 加碼 |
| 12 | V | Visa Inc-class A Shares | +0.1% | +0.26% | 加碼 |
| 13 | AAPL | Apple Inc | +0.1% | -3.12% | 減碼 |
| 14 | DE | Deere & Co | +0.1% | +0.93% | 加碼 |
| 15 | LOW | Lowe's Cos Inc | +0.1% | +28.56% | 加碼 |
| 16 | GOOG | Alphabet Inc-cl C | +0.1% | -3.84% | 減碼 |
| 17 | ACN | Accenture plc | +0.1% | +24.99% | 加碼 |
| 18 | LECO | Lincoln Electric Holdings | 0% | -0.14% | 減碼 |
| 19 | MRK | Merck & Co. Inc. | 0% | +6.77% | 加碼 |
| 20 | MCD | Mcdonald's CORP | 0% | +1.21% | 加碼 |
| 21 | ADI | Analog Devices Inc | 0% | -8.31% | 減碼 |
| 22 | EMR | Emerson Electric Co | 0% | -0.08% | 減碼 |
| 23 | FDS | Factset Research Systems Inc | 0% | +54.53% | 加碼 |
| 24 | HSY | Hershey Co/the | 0% | -7.70% | 減碼 |
| 25 | TPR | Tapestry Inc | 0% | -28.68% | 減碼 |
| 26 | NVDA | Nvidia CORP | 0% | -49.46% | 減碼 |
| 27 | SNA | Snap-on Inc | -0.1% | +0.01% | 加碼 |
| 28 | WMS | Advanced Drainage Systems In | -0.1% | -24.40% | 減碼 |
| 29 | BRK-B | Berkshire Hathaway Inc-cl B | -0.1% | -1.19% | 減碼 |
| 30 | JPM | Jpmorgan Chase & Co | -0.1% | -2.67% | 減碼 |
| 31 | META | Meta Platforms Inc-class A | -0.1% | -13.23% | 減碼 |
| 32 | CVX | Chevron CORP | -0.1% | +0.77% | 加碼 |
| 33 | JNJ | Johnson & Johnson | -0.2% | -14.16% | 減碼 |
| 34 | NKE | Nike Inc -cl B | -0.3% | +2.05% | 加碼 |
| 35 | MSFT | Microsoft CORP | -0.5% | -2.46% | 減碼 |
| 36 | PEP | Pepsico Inc | -0.5% | -12.36% | 減碼 |
| 37 | BF-B | Brown-forman Corp-class B | -1.6% | -94.81% | 減碼 |
| 38 | IVV | Ishares Core S&p 500 ETF | — | EXIT | 清倉 |
| 39 | VEA | Vanguard Ftse Developed ETF | — | EXIT | 清倉 |
| 40 | SPMD | Ss Spdr P S&p 400 Midcap ETF | — | EXIT | 清倉 |
| 41 | UL | Unilever Plc-sponsored Adr | — | NEW | 新建倉 |
| 42 | UL | Unilever PLC | — | EXIT | 清倉 |
| 43 | BND | Vanguard Total Bond Market | — | EXIT | 清倉 |
| 44 | IEMG | Ishares Core Msci Emerging | — | EXIT | 清倉 |
| 45 | XOM | Exxon Mobil CORP | — | NEW | 新建倉 |
| 46 | DFAS | Dimensional US Small Cap ETF | — | EXIT | 清倉 |
| 47 | PFE | Pfizer Inc | — | EXIT | 清倉 |
| 48 | LH | Labcorp Holdings Inc | — | EXIT | 清倉 |
| 49 | AVUV | Avantis US Small Cap Value | — | EXIT | 清倉 |
| 50 | AVDV | Avantis Intl S/c Value ETF | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Absher Wealth Management, LLC 在 Q4 2025 季度的美股持倉總市值約為 US$8.8億，共申報了 73 個公開持股部位。
在 Q4 2025 季度，Absher Wealth Management, LLC 按市值排列的前三大核心持股分別為：MTB (6.0%)、LECO (4.4%)、MSFT (4.4%)。其中最大持股部位 MTB 佔據整體投資組合約 6.0% 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
UL
市值: US$34.6萬
本季最大獲利了結 / 清倉標的
IVV
前期市值: US$125.4萬
在 Q4 2025 季度中，Absher Wealth Management, LLC 共進行了 50 項持倉異動，包含新建倉 2 個部位、加碼 17 個部位、減碼 20 個部位以及清倉 11 個部位。 其中最大新建倉標的為 UL。 本季清倉部位包含 IVV。
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。