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: 0001345576
申報總市值
US$94.5億
US$94.5億
567 檔
12.8%
在 Q4 2025 申報期間，Advisors Capital Management, LLC（CIK: 0001345576）向美國 SEC 提交的 Form 13F 報告顯示，其追蹤之股票投資組合總市值達 US$94.5億，共持有 567 個公開申報部位。
Q4 2025 數據顯示 Advisors Capital Management, LLC 積極進場，新開立 3 個部位並同步加碼 30 檔個股，反映機構在該季度的資金注入與籌碼積累。
從部位權重觀察，前 5 大標的（包含 MSFT, AAPL, AVGO）累計市值佔比達 12.8%，是驅動 Advisors Capital Management, LLC 該季度整體投資組合績效表現的核心支柱。
僅顯示前 200 大持股（共 567 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 | MSFT | Microsoft CORP | 股票-科技 | 3.47% | -0.22% | +2.73% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 3.20% | +0.22% | +3.23% | |
| 3 | AVGO | Broadcom Inc | 股票-科技 | 3.18% | +0.30% | -6.84% | |
| 4 | NVDA | Nvidia CORP | 股票-科技 | 2.61% | +0.22% | -1.83% | |
| 5 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.74% | +0.18% | -8.83% | |
| 6 | ABBV | Abbvie Inc | 股票-醫療保健 | 1.70% | -0.17% | +3.28% | |
| 7 | C | Citigroup Inc | 股票-金融 | 1.65% | -0.27% | -0.06% | |
| 8 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.63% | +0.04% | +1.03% | |
| 9 | BX | Blackstone Inc | 股票-金融 | 1.52% | -0.07% | +3.15% | |
| 10 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.50% | +0.19% | -2.25% | |
| 11 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 1.47% | +0.13% | +6.34% | |
| 12 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.45% | +0.08% | +3.75% | |
| 13 | CSCO | Cisco Systems Inc | 股票-科技 | 1.43% | +0.48% | +2.78% | |
| 14 | PM | Philip Morris International | 股票-非循環性消費 | 1.38% | -0.18% | +4.48% | |
| 15 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.28% | -0.07% | +1.75% | |
| 16 | IBM | Intl Business Machines CORP | 股票-科技 | 1.25% | +0.13% | +3.41% | |
| 17 | CVX | Chevron CORP | 股票-能源 | 1.09% | -0.54% | +1.73% | |
| 18 | VUG | Vanguard Growth ETF | ETF-其他 | 1.08% | +0.16% | +10.98% | |
| 19 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.06% | -0.20% | +2.60% | |
| 20 | TJX | Tjx Companies Inc | 股票-循環性消費 | 1.02% | -0.13% | +4.11% | |
| 21 | BA 6 10-15-27債券 | Boeing Co/the | 債券 | 0.97% | -0.02% | +5.10% | |
| 22 | KMI | Kinder Morgan, Inc. | 股票-能源 | 0.96% | -0.15% | +4.27% | |
| 23 | QCOM | Qualcomm Inc | 股票-科技 | 0.90% | -0.03% | +1.75% | |
| 24 | SPHY | Ss Spdr P High Yield ETF | ETF-非投資等級債 | 0.89% | -0.03% | +5.32% | |
| 25 | RTX | Rtx CORP | 股票-工業 | 0.88% | -0.10% | +2.26% | |
| 26 | ARCC | Ares Capital CORP | 股票-金融 | 0.85% | -0.16% | +13.48% | |
| 27 | ACN | Accenture plc | 股票-科技 | 0.85% | -0.05% | -4.09% | |
| 28 | TT | Trane Technologies plc | 股票-工業 | 0.81% | +0.06% | +2.49% | |
| 29 | BEPC | Brookfield Renewable CORP | 股票-公用事業 | 0.80% | -0.12% | -1.37% | |
| 30 | VTV | Vanguard Value ETF | ETF-其他 | 0.79% | +0.03% | +5.37% | |
| 31 | DUK | Duke Energy CORP | 股票-公用事業 | 0.79% | -0.10% | +5.52% | |
| 32 | STWD | Starwood Property Trust Inc | 股票-房地產 | 0.78% | -0.06% | +157.31% | |
| 33 | PANW | Palo Alto Networks Inc | 股票-科技 | 0.77% | +0.65% | +2.66% | |
| 34 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 0.77% | +0.20% | -7.87% | |
| 35 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.76% | -0.15% | +5.58% | |
| 36 | HON | Honeywell International Inc | 股票-工業 | 0.75% | -0.93% | EXIT | |
| 37 | PFE | Pfizer Inc | 股票-醫療保健 | 0.74% | -0.17% | +4.19% | |
| 38 | WPC | Wp Carey Inc | 股票-房地產 | 0.73% | -0.03% | +5.67% | |
| 39 | OKE | Oneok Inc | 股票-能源 | 0.68% | -0.09% | +3.02% | |
| 40 | WFC | Wells Fargo & Co | 股票-金融 | 0.67% | -0.01% | +2.60% | |
| 41 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.66% | -0.04% | +6.72% | |
| 42 | TXN | Texas Instruments Inc | 股票-科技 | 0.66% | +0.29% | -2.34% | |
| 43 | ORCL | Oracle CORP | 股票-科技 | 0.64% | +0.38% | -0.20% | |
| 44 | DGX | Quest Diagnostics Inc | 股票-醫療保健 | 0.64% | -0.01% | +5.44% | |
| 45 | PAGP | Plains Gp Holdings Lp-cl A | 股票-能源 | 0.64% | -0.07% | +6.12% | |
| 46 | VZ | Verizon Communications Inc | 股票-通訊服務 | 0.63% | -0.20% | +55.10% | |
| 47 | OUT | Outfront Media Inc | 股票-其他 | 0.62% | +0.08% | +0.02% | |
| 48 | SPTM | Ss Spdr P S&p 1500 Comp ETF | ETF-其他 | 0.61% | +0.05% | +5.20% | |
| 49 | BMY | Bristol-myers Squibb Co | 股票-醫療保健 | 0.59% | -0.08% | +2.30% | |
| 50 | STX | Seagate Technology Holdings plc | 股票-科技 | 0.59% | +0.10% | -7.24% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | STWD | Starwood Property Trust Inc | +0.4% | +157.31% | 加碼 |
| 2 | PG | Procter & Gamble Co/the | +0.4% | +1211.59% | 加碼 |
| 3 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.4% | +224.54% | 加碼 |
| 4 | DIVB | Ishares Core Dividend ETF | +0.4% | +536.88% | 加碼 |
| 5 | GOOGL | Alphabet Inc-cl A | +0.3% | -2.25% | 減碼 |
| 6 | SBUX | Starbucks CORP | +0.2% | +1607.18% | 加碼 |
| 7 | GOOG | Alphabet Inc-cl C | +0.2% | -8.83% | 減碼 |
| 8 | VZ | Verizon Communications Inc | +0.2% | +55.10% | 加碼 |
| 9 | HSY | Hershey Co/the | +0.2% | +1574.13% | 加碼 |
| 10 | AAPL | Apple Inc | +0.1% | +3.23% | 加碼 |
| 11 | C | Citigroup Inc | +0.1% | -0.06% | 減碼 |
| 12 | CSCO | Cisco Systems Inc | +0.1% | +2.78% | 加碼 |
| 13 | OUT | Outfront Media Inc | +0.1% | +0.02% | 加碼 |
| 14 | JNJ | Johnson & Johnson | +0.1% | +1.75% | 加碼 |
| 15 | BMY | Bristol-myers Squibb Co | +0.1% | +2.30% | 加碼 |
| 16 | VUG | Vanguard Growth ETF | +0.1% | +10.98% | 加碼 |
| 17 | ARCC | Ares Capital CORP | +0.1% | +13.48% | 加碼 |
| 18 | CAT | Caterpillar Inc | +0.1% | -0.27% | 減碼 |
| 19 | TD | Toronto-dominion Bank | +0.1% | +2.72% | 加碼 |
| 20 | KVUE | Kenvue Inc | +0.1% | +17.82% | 加碼 |
| 21 | DLN | Wisdomtree US Largecap Divid | +0.1% | +250.97% | 加碼 |
| 22 | AMZN | Amazon.com Inc | +0.1% | +3.75% | 加碼 |
| 23 | IVV | Ishares Core S&p 500 ETF | +0.1% | +6.34% | 加碼 |
| 24 | TJX | Tjx Companies Inc | +0.1% | +4.11% | 加碼 |
| 25 | RTX | Rtx CORP | +0.1% | +2.26% | 加碼 |
| 26 | WFC | Wells Fargo & Co | +0.1% | +2.60% | 加碼 |
| 27 | TGT | Target CORP | +0.1% | +14.02% | 加碼 |
| 28 | IBM | Intl Business Machines CORP | 0% | +3.41% | 加碼 |
| 29 | KO | Coca-cola Co/the | 0% | +6.72% | 加碼 |
| 30 | BEPC | Brookfield Renewable CORP | 0% | -1.37% | 減碼 |
| 31 | PAGP | Plains Gp Holdings Lp-cl A | 0% | +6.12% | 加碼 |
| 32 | META | Meta Platforms Inc-class A | 0% | +27.34% | 加碼 |
| 33 | VLTO | Veralto CORP | -0.1% | -92.11% | 減碼 |
| 34 | SJM | Jm Smucker Co/the | -0.1% | -9.20% | 減碼 |
| 35 | HON | Honeywell International Inc | -0.1% | -0.41% | 減碼 |
| 36 | ZTS | Zoetis Inc | -0.1% | -37.81% | 減碼 |
| 37 | HD | Home Depot Inc | -0.1% | +0.21% | 加碼 |
| 38 | POOL | Pool CORP | -0.2% | -49.94% | 減碼 |
| 39 | BX | Blackstone Inc | -0.2% | +3.15% | 加碼 |
| 40 | CL | Colgate-palmolive Co | -0.2% | -93.01% | 減碼 |
| 41 | AVGO | Broadcom Inc | -0.2% | -6.84% | 減碼 |
| 42 | TMO | Thermo Fisher Scientific Inc | -0.3% | -44.50% | 減碼 |
| 43 | ORCL | Oracle CORP | -0.3% | -0.20% | 減碼 |
| 44 | MSFT | Microsoft CORP | -0.3% | +2.73% | 加碼 |
| 45 | SGOV | Ishares 0-3 Month Treasury B | -0.5% | -52.14% | 減碼 |
| 46 | UL | Unilever Plc-sponsored Adr | — | NEW | 新建倉 |
| 47 | UL | Unilever PLC | — | EXIT | 清倉 |
| 48 | EBAY | Ebay Inc | — | NEW | 新建倉 |
| 49 | GSBD | Goldman Sachs Bdc Inc | — | EXIT | 清倉 |
| 50 | FHLC | Fidelity Msci Health Care | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Advisors Capital Management, LLC 在 Q4 2025 季度的美股持倉總市值約為 US$94.5億，共申報了 567 個公開持股部位。
在 Q4 2025 季度，Advisors Capital Management, LLC 按市值排列的前三大核心持股分別為：MSFT (3.5%)、AAPL (3.2%)、AVGO (3.2%)。其中最大持股部位 MSFT 佔據整體投資組合約 3.5% 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$4018.8萬
本季最大獲利了結 / 清倉標的
UL
前期市值: US$3945.1萬
在 Q4 2025 季度中，Advisors Capital Management, LLC 共進行了 50 項持倉異動，包含新建倉 3 個部位、加碼 30 個部位、減碼 15 個部位以及清倉 2 個部位。 其中最大新建倉標的為 UL。 本季清倉部位包含 UL。
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。