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: 0001555486
申報總市值
US$26.7億
US$26.7億
171 檔
15.3%
Q2 2025 季度申報顯示，Baltimore-Washington Financial Advisors, Inc. 揭露的美股組合總市值為 US$26.7億，涵蓋 171 個不同之權益投資部位。
在 Q2 2025，Baltimore-Washington Financial Advisors, Inc. 操作展現出積極擴展與加碼意向。本季共新建倉 19 個新部位，並對 76 個既有持股進行加碼（合計增持 95 檔），相較減碼與清倉部位顯著佔優。
檢視投資組合結構，前 5 大主力部位（包含 VV, QQQ, NVDA）占據了總市值的 15.3%，展現出該機構在 Q2 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 | VV | Vanguard Large-cap ETF | ETF-其他 | 4.95% | +0.02% | -3.55% | |
| 2 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 4.42% | +0.58% | -10.61% | |
| 3 | NVDA | Nvidia CORP | 股票-科技 | 3.72% | -0.01% | +0.52% | |
| 4 | MSFT | Microsoft CORP | 股票-科技 | 3.08% | -0.26% | +5.22% | |
| 5 | VIG | Vanguard Dividend Apprec ETF | ETF-其他 | 2.85% | -0.05% | +2.17% | |
| 6 | RSP | Invesco S&p 500 Equal Weight | ETF-大型股與成長 | 2.84% | -0.03% | -0.82% | |
| 7 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 2.82% | +0.10% | +23.12% | |
| 8 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.41% | — | +4.13% | |
| 9 | VONG | Vanguard Russell 1000 Growth | ETF-其他 | 2.40% | +0.10% | -0.67% | |
| 10 | SPTM | Ss Spdr P S&p 1500 Comp ETF | ETF-其他 | 2.34% | +0.04% | +4.38% | |
| 11 | LGLV | Spdr US Lc Low Vol Idx | ETF-其他 | 2.28% | -1.77% | +1.46% | |
| 12 | AAPL | Apple Inc | 股票-科技 | 2.17% | -0.06% | +4.12% | |
| 13 | RSPT | Invesco S&p 500 Equal Weight | ETF-大型股與成長 | 2.13% | +0.89% | -0.23% | |
| 14 | VTV | Vanguard Value ETF | ETF-其他 | 2.04% | +0.11% | -3.73% | |
| 15 | VYM | Vanguard High Dvd Yield ETF | ETF-其他 | 2.00% | -0.18% | -2.28% | |
| 16 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 1.97% | -0.36% | +3.78% | |
| 17 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.84% | -0.20% | +2.77% | |
| 18 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.81% | +0.15% | +1.78% | |
| 19 | SPYG | Ss Spdr P S&p 500 Growth ETF | ETF-大型股與成長 | 1.79% | +0.12% | -0.95% | |
| 20 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.68% | -0.04% | +4.60% | |
| 21 | UBER | Uber Technologies Inc | 股票-工業 | 1.67% | -0.15% | +7.83% | |
| 22 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.60% | -0.24% | +23.80% | |
| 23 | V | Visa Inc-class A Shares | 股票-金融 | 1.57% | — | +5.89% | |
| 24 | IYG | Ishares U.s. Financial Servi | ETF-其他 | 1.57% | -1.14% | -0.74% | |
| 25 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 1.56% | -0.13% | +7.74% | |
| 26 | BX | Blackstone Inc | 股票-金融 | 1.51% | -0.01% | +5.44% | |
| 27 | SYK | Stryker CORP | 股票-醫療保健 | 1.37% | -0.81% | +6.61% | |
| 28 | CMG | Chipotle Mexican Grill Inc | 股票-循環性消費 | 1.27% | — | +5.66% | |
| 29 | ANET | Arista Networks Inc | 股票-科技 | 1.23% | +0.31% | +13.00% | |
| 30 | ICE | Intercontinental Exchange In | 股票-金融 | 1.18% | -0.36% | +7.23% | |
| 31 | IBHH | Ishares Ibonds 2028 Tm Hy In | ETF-其他 | 1.18% | -0.13% | -0.28% | |
| 32 | VOO | Vanguard S&p 500 ETF | ETF-大型股與成長 | 1.14% | -0.02% | -1.32% | |
| 33 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 1.13% | -0.03% | -2.50% | |
| 34 | RCL | Royal Caribbean Cruises Ltd. | 股票-循環性消費 | 1.12% | +0.01% | +12.20% | |
| 35 | MAR | Marriott International -cl A | 股票-循環性消費 | 1.10% | — | +9.92% | |
| 36 | IBDT | Ishares Ibonds Dec 2028 ETF | ETF-其他 | 1.09% | -0.12% | +2.53% | |
| 37 | AJG | Arthur J Gallagher & Co | 股票-金融 | 1.06% | — | +29.30% | |
| 38 | EFIV | Ss Spdr S&p 500 Esg ETF | ETF-大型股與成長 | 1.04% | — | +0.32% | |
| 39 | SDY | Ss Spdr S&p Dividend ETF | ETF-其他 | 1.03% | -0.77% | EXIT | |
| 40 | PGR | Progressive CORP | 股票-金融 | 0.97% | — | +2951.49% | |
| 41 | TJX | Tjx Companies Inc | 股票-循環性消費 | 0.93% | -0.22% | +4245.63% | |
| 42 | VUG | Vanguard Growth ETF | ETF-其他 | 0.91% | +0.05% | -1.09% | |
| 43 | BLK | Blackrock Inc | 股票-金融 | 0.89% | -0.12% | +17.92% | |
| 44 | FTNT | Fortinet Inc | 股票-科技 | 0.82% | — | +14.42% | |
| 45 | MMTM | Ss Spdr S&p 1500 Mom Tilt | ETF-其他 | 0.80% | +0.01% | +3.11% | |
| 46 | ✓ | On Holding AG | 股票-其他 | 0.77% | -0.10% | +10.92% | |
| 47 | CRWD | Crowdstrike Holdings Inc - A | 股票-科技 | 0.77% | +0.72% | +39.54% | |
| 48 | IBTI | Ishares Ibonds Dec 2028 Term | ETF-其他 | 0.66% | -0.07% | +5.43% | |
| 49 | XLV | Ss Health Care Select Sector | ETF-其他 | 0.65% | -0.03% | -55.48% | |
| 50 | SOFI | Sofi Technologies Inc | 股票-金融 | 0.65% | — | +26.19% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | PGR | Progressive CORP | +0.9% | +2951.49% | 加碼 |
| 2 | TJX | Tjx Companies Inc | +0.9% | +4245.63% | 加碼 |
| 3 | NVDA | Nvidia CORP | +0.8% | +0.52% | 加碼 |
| 4 | MSFT | Microsoft CORP | +0.6% | +5.22% | 加碼 |
| 5 | IVV | Ishares Core S&p 500 ETF | +0.5% | +23.12% | 加碼 |
| 6 | RCL | Royal Caribbean Cruises Ltd. | +0.4% | +12.20% | 加碼 |
| 7 | CRWD | Crowdstrike Holdings Inc - A | +0.3% | +39.54% | 加碼 |
| 8 | ASML | ASML Holding N.V. | +0.3% | NEW | 新建倉 |
| 9 | UBER | Uber Technologies Inc | +0.3% | +7.83% | 加碼 |
| 10 | SAP | Sap Se-sponsored Adr | +0.3% | NEW | 新建倉 |
| 11 | ANET | Arista Networks Inc | +0.3% | +13.00% | 加碼 |
| 12 | SOFI | Sofi Technologies Inc | +0.3% | +26.19% | 加碼 |
| 13 | AVGO | Broadcom Inc | +0.3% | +23.55% | 加碼 |
| 14 | META | Meta Platforms Inc-class A | +0.3% | +2.77% | 加碼 |
| 15 | BKNG | Booking Holdings Inc | +0.3% | +7.74% | 加碼 |
| 16 | AMZN | Amazon.com Inc | +0.1% | +4.13% | 加碼 |
| 17 | JPM | Jpmorgan Chase & Co | +0.1% | +4.60% | 加碼 |
| 18 | T | At&t Inc | +0.1% | NEW | 新建倉 |
| 19 | SHOP | Shopify Inc - Class A | +0.1% | +19.92% | 加碼 |
| 20 | MAR | Marriott International -cl A | +0.1% | +9.92% | 加碼 |
| 21 | BLK | Blackrock Inc | +0.1% | +17.92% | 加碼 |
| 22 | RSPT | Invesco S&p 500 Equal Weight | +0.1% | -0.23% | 減碼 |
| 23 | ✓ | On Holding AG | +0.1% | +10.92% | 加碼 |
| 24 | RACE | Ferrari N.V. | +0.1% | +32.70% | 加碼 |
| 25 | IBHI | Ishares Ibonds 2029 Tm Hy In | +0.1% | +497.03% | 加碼 |
| 26 | FTNT | Fortinet Inc | +0.1% | +14.42% | 加碼 |
| 27 | KKR | Kkr & Co Inc | +0.1% | +24.80% | 加碼 |
| 28 | IBDU | Ishares Ibonds Dec 2029 Term | +0.1% | +465.03% | 加碼 |
| 29 | VONG | Vanguard Russell 1000 Growth | +0.1% | -0.67% | 減碼 |
| 30 | AJG | Arthur J Gallagher & Co | +0.1% | +29.30% | 加碼 |
| 31 | IGRO | Ishares Intl Div Growth ETF | +0.1% | +17.21% | 加碼 |
| 32 | SPYG | Ss Spdr P S&p 500 Growth ETF | +0.1% | -0.95% | 減碼 |
| 33 | CMG | Chipotle Mexican Grill Inc | +0.1% | +5.66% | 加碼 |
| 34 | IDEV | Ishares Core Msci Dev Mkts | +0.1% | +16.13% | 加碼 |
| 35 | GOOGL | Alphabet Inc-cl A | +0.1% | +12.89% | 加碼 |
| 36 | PPL | Ppl CORP | 0% | NEW | 新建倉 |
| 37 | SPTM | Ss Spdr P S&p 1500 Comp ETF | 0% | +4.38% | 加碼 |
| 38 | GOOG | Alphabet Inc-cl C | 0% | +1.78% | 加碼 |
| 39 | VUG | Vanguard Growth ETF | 0% | -1.09% | 減碼 |
| 40 | CRM | Salesforce Inc | 0% | +17.80% | 加碼 |
| 41 | VEU | Vanguard Ftse All-world Ex-u | 0% | +5.13% | 加碼 |
| 42 | SO | Southern Co/the | 0% | +18.89% | 加碼 |
| 43 | RKLB | Rocket Lab CORP | 0% | NEW | 新建倉 |
| 44 | PNC | Pnc Financial Services Group | 0% | +141.96% | 加碼 |
| 45 | RDDT | Reddit Inc-cl A | 0% | NEW | 新建倉 |
| 46 | GEV | GE Vernova Inc | 0% | NEW | 新建倉 |
| 47 | PFE | Pfizer Inc | 0% | NEW | 新建倉 |
| 48 | CSCO | Cisco Systems Inc | 0% | NEW | 新建倉 |
| 49 | ORCL | Oracle CORP | 0% | NEW | 新建倉 |
| 50 | EMF | Templeton Emerging Markets | 0% | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Baltimore-Washington Financial Advisors, Inc. 在 Q2 2025 季度的美股持倉總市值約為 US$26.7億，共申報了 171 個公開持股部位。
在 Q2 2025 季度，Baltimore-Washington Financial Advisors, Inc. 按市值排列的前三大核心持股分別為：VV (5.0%)、QQQ (4.4%)、NVDA (3.7%)。其中最大持股部位 VV 佔據整體投資組合約 5.0% 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
ASML
市值: US$666.0萬
本季最大獲利了結 / 清倉標的
RKLB
前期市值: US$23.4萬
在 Q2 2025 季度中，Baltimore-Washington Financial Advisors, Inc. 共進行了 154 項持倉異動，包含新建倉 19 個部位、加碼 76 個部位、減碼 57 個部位以及清倉 2 個部位。 其中最大新建倉標的為 ASML。 本季清倉部位包含 RKLB。
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。