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: 0001345929
申報總市值
US$645.7億
US$645.7億
1379 檔
24.1%
Brown Advisory Inc 在 Q3 2025 季度的美股部位總計估值為 US$645.7億，分散於 1379 個持倉標的之中，反映其市場參與廣度與投資規模。
在 Q3 2025 期間，Brown Advisory Inc 展現了靈活的資產再平衡步調，透過出清 9 檔弱勢或達到目標價部位，將資金轉置於 16 檔新建倉標的之中。
在資產配置集中度方面，Brown Advisory Inc 的前 5 大核心持股（包含 MSFT, V, NVDA 等）合計佔整體申報市值的 24.1%，反映機構在主要關鍵部位上的權重分佈。
僅顯示前 200 大持股（共 1379 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 | 7.67% | -0.99% | -3.49% | |
| 2 | V | Visa Inc-class A Shares | 股票-金融 | 3.40% | — | +6.28% | |
| 3 | NVDA | Nvidia CORP | 股票-科技 | 3.26% | +0.40% | -22.76% | |
| 4 | AMZN | Amazon.com Inc | 股票-循環性消費 | 3.26% | -0.34% | -7.50% | |
| 5 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 2.65% | +1.12% | +11.12% | |
| 6 | INTU | Intuit Inc | 股票-科技 | 2.53% | -0.48% | -6.21% | |
| 7 | MA | Mastercard Inc - A | 股票-金融 | 2.45% | -0.13% | +3.51% | |
| 8 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 2.39% | +1.01% | -1.04% | |
| 9 | BAFE | Brown Flex Equity ETF | ETF-其他 | 1.85% | +0.17% | +6.35% | |
| 10 | GE | General Electric | 股票-工業 | 1.80% | +0.16% | -9.83% | |
| 11 | SCHW | Schwab (charles) CORP | 股票-金融 | 1.55% | -0.08% | +2.71% | |
| 12 | UBER | Uber Technologies Inc | 股票-工業 | 1.33% | -0.21% | -4.49% | |
| 13 | KKR | Kkr & Co Inc | 股票-金融 | 1.30% | -0.20% | -20.70% | |
| 14 | AAPL | Apple Inc | 股票-科技 | 1.29% | +0.14% | -4.99% | |
| 15 | MRVL | Marvell Technology Inc | 股票-科技 | 1.28% | +0.05% | -43.80% | |
| 16 | ADSK | Autodesk Inc | 股票-科技 | 1.21% | -0.88% | -1.43% | |
| 17 | NOW | Servicenow Inc | 股票-科技 | 1.19% | -0.20% | -5.73% | |
| 18 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 1.10% | +0.48% | -7.18% | |
| 19 | ISRG | Intuitive Surgical Inc | 股票-醫療保健 | 1.08% | -0.30% | +17.97% | |
| 20 | PGR | Progressive CORP | 股票-金融 | 1.05% | +0.25% | -24.68% | |
| 21 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.04% | -0.14% | -3.67% | |
| 22 | AJG | Arthur J Gallagher & Co | 股票-金融 | 1.02% | -0.12% | +10.11% | |
| 23 | DSPY | Tema S&p 500 Hist Weight ETF | ETF-大型股與成長 | 0.98% | +0.11% | — | |
| 24 | CDNS | Cadence Design Sys Inc | 股票-科技 | 0.92% | -0.11% | -7.06% | |
| 25 | ZTS | Zoetis Inc | 股票-醫療保健 | 0.90% | -0.80% | +1.38% | |
| 26 | DDOG | Datadog Inc - Class A | 股票-科技 | 0.88% | -0.06% | -20.24% | |
| 27 | MPWR | Monolithic Power Systems Inc | 股票-科技 | 0.88% | -0.29% | -15.53% | |
| 28 | WST | West Pharmaceutical Services | 股票-醫療保健 | 0.85% | +0.05% | -17.32% | |
| 29 | CARR | Carrier Global CORP | 股票-工業 | 0.83% | -0.11% | +3.36% | |
| 30 | DHR | Danaher CORP | 股票-醫療保健 | 0.81% | -0.13% | -14.19% | |
| 31 | VTI | Vanguard Total Stock Mkt ETF | ETF-其他 | 0.81% | +0.08% | -0.33% | |
| 32 | VLTO | Veralto CORP | 股票-工業 | 0.78% | -0.40% | -8.86% | |
| 33 | AZO | Autozone Inc | 股票-循環性消費 | 0.77% | -0.01% | +5.29% | |
| 34 | EW | Edwards Lifesciences CORP | 股票-醫療保健 | 0.74% | +0.11% | +0.62% | |
| 35 | FERG | Ferguson Enterprises Inc | 股票-工業 | 0.73% | -0.14% | +2.70% | |
| 36 | KLAC | Kla CORP | 股票-科技 | 0.72% | +0.16% | -26.06% | |
| 37 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.67% | -0.04% | -1.68% | |
| 38 | ASML | ASML Holding N.V. | 股票-科技 | 0.67% | +0.24% | +19.01% | |
| 39 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 0.67% | -0.02% | -2.69% | |
| 40 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 0.67% | +0.12% | -5.21% | |
| 41 | BASG | Brown Adviso Sustain Gro ETF | ETF-其他 | 0.66% | +0.03% | +1.89% | |
| 42 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 0.65% | +0.20% | +17.48% | |
| 43 | DT | Dynatrace Inc | 股票-科技 | 0.61% | -0.06% | -17.94% | |
| 44 | ARES | Ares Management CORP - A | 股票-金融 | 0.60% | -0.07% | -16.75% | |
| 45 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.60% | -0.16% | -4.56% | |
| 46 | EFX | Equifax Inc | 股票-工業 | 0.60% | -0.27% | +3425.68% | |
| 47 | VRSK | Verisk Analytics Inc | 股票-工業 | 0.59% | — | +13.83% | |
| 48 | ABNB | Airbnb Inc-class A | 股票-循環性消費 | 0.58% | -0.05% | -10.73% | |
| 49 | SPOT | Spotify Technology S.A. | 股票-通訊服務 | 0.57% | -0.04% | +72.75% | |
| 50 | TTD | Trade Desk Inc/the -class A | 股票-通訊服務 | 0.56% | — | EXIT |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | MSFT | Microsoft CORP | +1.5% | -3.49% | 減碼 |
| 2 | TSM | Taiwan Semiconductor-sp Adr | +1.3% | -1.04% | 加碼 |
| 3 | SCHW | Schwab (charles) CORP | +0.8% | +2.71% | 加碼 |
| 4 | EFX | Equifax Inc | +0.6% | +3425.68% | 加碼 |
| 5 | SPOT | Spotify Technology S.A. | +0.5% | +72.75% | 加碼 |
| 6 | GOOG | Alphabet Inc-cl C | +0.5% | +11.12% | 減碼 |
| 7 | SNOW | Snowflake Inc | +0.4% | +15118.45% | 加碼 |
| 8 | NVDA | Nvidia CORP | +0.4% | -22.76% | 減碼 |
| 9 | SHOP | Shopify Inc - Class A | +0.4% | +4.41% | 加碼 |
| 10 | BAFE | Brown Flex Equity ETF | +0.4% | +6.35% | 加碼 |
| 11 | ASML | ASML Holding N.V. | +0.3% | +19.01% | 加碼 |
| 12 | META | Meta Platforms Inc-class A | +0.2% | -3.67% | 加碼 |
| 13 | DKNG | Draftkings Inc-cl A | +0.2% | +5.00% | 加碼 |
| 14 | FICO | Fair Isaac CORP | +0.2% | +10.88% | 加碼 |
| 15 | DDOG | Datadog Inc - Class A | +0.2% | -20.24% | 減碼 |
| 16 | FERG | Ferguson Enterprises Inc | +0.2% | +2.70% | 加碼 |
| 17 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.1% | +17.48% | 加碼 |
| 18 | EAGL | Eagle Capital Select Eqty | +0.1% | +80.15% | 加碼 |
| 19 | AZO | Autozone Inc | +0.1% | +5.29% | 加碼 |
| 20 | MPWR | Monolithic Power Systems Inc | +0.1% | -15.53% | 減碼 |
| 21 | GE | General Electric | +0.1% | -9.83% | 減碼 |
| 22 | ADSK | Autodesk Inc | +0.1% | -1.43% | 減碼 |
| 23 | HDB | Hdfc Bank Ltd-adr | +0.1% | +121.34% | 加碼 |
| 24 | GNRC | Generac Holdings Inc | +0.1% | +16.90% | 加碼 |
| 25 | LSCC | Lattice Semiconductor CORP | +0.1% | -2.64% | 加碼 |
| 26 | IVV | Ishares Core S&p 500 ETF | +0.1% | -7.18% | 減碼 |
| 27 | VTI | Vanguard Total Stock Mkt ETF | +0.1% | -0.33% | 加碼 |
| 28 | URI | United Rentals Inc | +0.1% | -1.45% | 減碼 |
| 29 | VOO | Vanguard S&p 500 ETF | +0.1% | +3.80% | 加碼 |
| 30 | BAC | Bank Of America CORP | +0.1% | +1.52% | 加碼 |
| 31 | NOVT | Novanta Inc | +0.1% | +145.12% | 加碼 |
| 32 | TOWN | Towne Bank | +0.1% | +22.43% | 加碼 |
| 33 | JPM | Jpmorgan Chase & Co | +0.1% | -1.56% | 減碼 |
| 34 | ALLE | Allegion plc | +0.1% | +1.77% | 減碼 |
| 35 | VIG | Vanguard Dividend Apprec ETF | +0.1% | +9.39% | 加碼 |
| 36 | IWM | Ishares Russell 2000 ETF | +0.1% | +5.00% | 加碼 |
| 37 | OII | Oceaneering Intl Inc | +0.1% | +4.85% | 加碼 |
| 38 | EXP | Eagle Materials Inc | +0.1% | +88.96% | 加碼 |
| 39 | OPLN | Openlane Inc | +0.1% | +20.31% | 加碼 |
| 40 | BWXT | Bwx Technologies Inc | +0.1% | -23.88% | 加碼 |
| 41 | IJT | Ishares S&p Small-cap 600 Gr | +0.1% | +13.84% | 加碼 |
| 42 | SLB | Slb LTD | 0% | +126.29% | 加碼 |
| 43 | SITM | Sitime CORP | 0% | -16.61% | 減碼 |
| 44 | AAON | Aaon Inc | 0% | +15.74% | 加碼 |
| 45 | AVGO | Broadcom Inc | 0% | -5.02% | 減碼 |
| 46 | GNL | Global Net Lease Inc | 0% | +48.17% | 加碼 |
| 47 | CEG | Constellation Energy | 0% | +3.02% | 減碼 |
| 48 | ORCL | Oracle CORP | 0% | -6.21% | 減碼 |
| 49 | VGSH | Vanguard Short-term Treasury | 0% | +6.35% | 加碼 |
| 50 | ACWI | Ishares Msci Acwi ETF | 0% | +21.95% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Brown Advisory Inc 在 Q3 2025 季度的美股持倉總市值約為 US$645.7億，共申報了 1379 個公開持股部位。
在 Q3 2025 季度，Brown Advisory Inc 按市值排列的前三大核心持股分別為：MSFT (7.7%)、V (3.4%)、NVDA (3.3%)。其中最大持股部位 MSFT 佔據整體投資組合約 7.7% 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
DSPY
市值: US$7.5億
本季最大獲利了結 / 清倉標的
APY1EUR
前期市值: US$1.4億
在 Q3 2025 季度中，Brown Advisory Inc 共進行了 200 項持倉異動，包含新建倉 16 個部位、加碼 72 個部位、減碼 103 個部位以及清倉 9 個部位。 其中最大新建倉標的為 DSPY。 本季清倉部位包含 APY1EUR。
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。