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: 0000014661
申報總市值
US$228.1億
US$228.1億
1547 檔
15.2%
在 Q2 2025 的 13F 官方備案中，Brown Brothers Harriman & Co 管理的美股投資組合規模來到 US$228.1億，整體持股檔數為 1547 檔。
Brown Brothers Harriman & Co 於 Q2 2025 展現出進攻型調倉步調，本季推動了 18 檔股票的新建倉與 120 檔既有部位加碼，整體資金傾向擴大在美股市場的曝險佈局。
在資產配置集中度方面，Brown Brothers Harriman & Co 的前 5 大核心持股（包含 MSFT, ORCL, GOOG 等）合計佔整體申報市值的 15.2%，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 1547 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 | 6.01% | -0.51% | +6.11% | |
| 2 | ORCL | Oracle CORP | 股票-科技 | 4.72% | -0.30% | -0.27% | |
| 3 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 3.98% | -0.19% | -16.91% | |
| 4 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 3.85% | -0.42% | -3.20% | |
| 5 | MA | Mastercard Inc - A | 股票-金融 | 3.76% | -0.36% | -1.09% | |
| 6 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 3.70% | +2.03% | -0.94% | |
| 7 | KLAC | Kla CORP | 股票-科技 | 3.45% | +1.25% | -0.93% | |
| 8 | AMZN | Amazon.com Inc | 股票-循環性消費 | 3.31% | -0.16% | +1.08% | |
| 9 | AAPL | Apple Inc | 股票-科技 | 3.04% | -0.18% | +70.56% | |
| 10 | LIN | Linde plc | 股票-原物料 | 2.66% | -0.33% | -23.24% | |
| 11 | WM | Waste Management Inc | 股票-工業 | 2.50% | -0.46% | -16.09% | |
| 12 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 2.34% | -0.11% | -1.02% | |
| 13 | AJG | Arthur J Gallagher & Co | 股票-金融 | 2.27% | -0.19% | -0.81% | |
| 14 | ZTS | Zoetis Inc | 股票-醫療保健 | 1.92% | -0.48% | -0.43% | |
| 15 | SPGI | S&p Global Inc | 股票-金融 | 1.84% | -0.18% | -1.02% | |
| 16 | PGR | Progressive CORP | 股票-金融 | 1.77% | -0.16% | -0.73% | |
| 17 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 1.54% | -0.31% | -29.17% | |
| 18 | NVDA | Nvidia CORP | 股票-科技 | 1.52% | +0.26% | +135.93% | |
| 19 | ADP | Automatic Data Processing | 股票-科技 | 1.50% | +0.01% | +7.64% | |
| 20 | ABT | Abbott Laboratories | 股票-醫療保健 | 1.49% | -0.30% | -0.12% | |
| 21 | ALC | Alcon Inc. | 股票-醫療保健 | 1.40% | -0.53% | -36.24% | |
| 22 | ADBE | Adobe Inc | 股票-科技 | 1.37% | -0.01% | -0.45% | |
| 23 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 1.36% | -0.47% | -0.13% | |
| 24 | IEFA | Ishares Core Msci Eafe ETF | ETF-其他 | 1.32% | +2.51% | -3.90% | |
| 25 | AMAT | Applied Materials Inc | 股票-科技 | 1.32% | +0.51% | +39.13% | |
| 26 | TXN | Texas Instruments Inc | 股票-科技 | 1.17% | +0.16% | -23.42% | |
| 27 | GWRE | Guidewire Software Inc | 股票-科技 | 1.10% | -0.21% | -5.53% | |
| 28 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 1.00% | -0.11% | +3.89% | |
| 29 | CDNS | Cadence Design Sys Inc | 股票-科技 | 0.97% | +0.07% | +0.75% | |
| 30 | NKE | Nike Inc -cl B | 股票-循環性消費 | 0.94% | -0.62% | -2.62% | |
| 31 | OTIS | Otis Worldwide CORP | 股票-工業 | 0.94% | -0.11% | +36.12% | |
| 32 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.93% | -0.25% | +3.85% | |
| 33 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.91% | +0.24% | +52.36% | |
| 34 | BRK-A | Berkshire Hathaway Inc-cl A | 股票-其他 | 0.84% | -0.11% | -7.73% | |
| 35 | WMT | Walmart Inc | 股票-非循環性消費 | 0.75% | -0.35% | +502.91% | |
| 36 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.64% | -0.38% | +158.32% | |
| 37 | WWD | Woodward Inc | 股票-工業 | 0.63% | -0.09% | -9.26% | |
| 38 | FOUR | Shift4 Payments Inc-class A | 股票-科技 | 0.61% | -0.05% | +41.76% | |
| 39 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 0.60% | +0.07% | -0.43% | |
| 40 | GFL | Gfl Environmental Inc-sub Vt | 股票-其他 | 0.59% | -0.14% | +5.02% | |
| 41 | PM | Philip Morris International | 股票-非循環性消費 | 0.56% | -0.03% | -2.02% | |
| 42 | CBRE | Cbre Group Inc - A | 股票-房地產 | 0.52% | -0.10% | +5.06% | |
| 43 | TTWO | Take-two Interactive Softwre | 股票-通訊服務 | 0.48% | -0.01% | +5.64% | |
| 44 | GXO | Gxo Logistics Inc | 股票-工業 | 0.45% | -0.11% | +20.94% | |
| 45 | BRO | Brown & Brown Inc | 股票-金融 | 0.45% | -0.09% | -1.64% | |
| 46 | LPLA | Lpl Financial Holdings Inc | 股票-金融 | 0.45% | -0.08% | +5.27% | |
| 47 | WSO | Watsco Inc | 股票-工業 | 0.44% | -0.07% | +5.69% | |
| 48 | CCC | Ccc Intelligent Solutions Ho | 股票-科技 | 0.39% | +0.07% | +84.83% | |
| 49 | ATR | Aptargroup Inc | 股票-醫療保健 | 0.39% | -0.06% | +6.17% | |
| 50 | DE | Deere & Co | 股票-工業 | 0.38% | -0.03% | +1.89% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | ORCL | Oracle CORP | +1.4% | -0.27% | 減碼 |
| 2 | MSFT | Microsoft CORP | +1.4% | +6.11% | 加碼 |
| 3 | NVDA | Nvidia CORP | +1% | +135.93% | 加碼 |
| 4 | AAPL | Apple Inc | +0.9% | +70.56% | 加碼 |
| 5 | WMT | Walmart Inc | +0.6% | +502.91% | 加碼 |
| 6 | KLAC | Kla CORP | +0.6% | -0.93% | 減碼 |
| 7 | AMAT | Applied Materials Inc | +0.5% | +39.13% | 加碼 |
| 8 | MCD | Mcdonald's CORP | +0.4% | +158.32% | 加碼 |
| 9 | BKNG | Booking Holdings Inc | +0.3% | -1.02% | 減碼 |
| 10 | ADI | Analog Devices Inc | +0.3% | +300.79% | 加碼 |
| 11 | FOUR | Shift4 Payments Inc-class A | +0.2% | +41.76% | 加碼 |
| 12 | KO | Coca-cola Co/the | +0.2% | +277.63% | 加碼 |
| 13 | AMZN | Amazon.com Inc | +0.2% | +1.08% | 加碼 |
| 14 | LLY | Eli Lilly & Co | +0.2% | +52.36% | 加碼 |
| 15 | CCC | Ccc Intelligent Solutions Ho | +0.2% | +84.83% | 加碼 |
| 16 | OTIS | Otis Worldwide CORP | +0.2% | +36.12% | 加碼 |
| 17 | GXO | Gxo Logistics Inc | +0.1% | +20.94% | 加碼 |
| 18 | CDNS | Cadence Design Sys Inc | +0.1% | +0.75% | 加碼 |
| 19 | GWRE | Guidewire Software Inc | +0.1% | -5.53% | 減碼 |
| 20 | KEYS | Keysight Technologies In | +0.1% | +41.74% | 加碼 |
| 21 | ANET | Arista Networks Inc | +0.1% | +6.68% | 加碼 |
| 22 | EAGL | Eagle Capital Select Eqty | +0.1% | NEW | 新建倉 |
| 23 | BROS | Dutch Bros Inc-class A | +0.1% | +91978.61% | 加碼 |
| 24 | WWD | Woodward Inc | +0.1% | -9.26% | 減碼 |
| 25 | ULS | Ul Solutions Inc - Class A | +0.1% | +4.60% | 加碼 |
| 26 | PRM | Perimeter Solutions Inc | +0.1% | — | 不變 |
| 27 | DAR | Darling Ingredients Inc | +0.1% | +4.82% | 加碼 |
| 28 | GRBK | Green Brick Partners Inc | +0.1% | NEW | 新建倉 |
| 29 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.1% | +3.89% | 加碼 |
| 30 | TTWO | Take-two Interactive Softwre | +0.1% | +5.64% | 加碼 |
| 31 | LPLA | Lpl Financial Holdings Inc | +0.1% | +5.27% | 加碼 |
| 32 | V | Visa Inc-class A Shares | +0.1% | +23.27% | 加碼 |
| 33 | WSC | Willscot Holdings CORP | +0.1% | +40.51% | 加碼 |
| 34 | AVGO | Broadcom Inc | +0.1% | +9.96% | 加碼 |
| 35 | WST | West Pharmaceutical Services | 0% | +34.34% | 加碼 |
| 36 | GLOB | Globant S.A. | 0% | +61.34% | 加碼 |
| 37 | IVV | Ishares Core S&p 500 ETF | 0% | -0.94% | 減碼 |
| 38 | GOOGL | Alphabet Inc-cl A | 0% | -0.43% | 減碼 |
| 39 | BLK | Blackrock Inc | 0% | +12.46% | 加碼 |
| 40 | VMC | Vulcan Materials Co | 0% | +6.26% | 加碼 |
| 41 | JPM | Jpmorgan Chase & Co | 0% | +5.95% | 加碼 |
| 42 | MCO | Moody's CORP | 0% | +76.30% | 加碼 |
| 43 | QLTY | Gmo U.s. Quality ETF | 0% | NEW | 新建倉 |
| 44 | SKAA | Skechers USA Inc-cl A | 0% | NEW | 新建倉 |
| 45 | META | Meta Platforms Inc-class A | 0% | +12.28% | 加碼 |
| 46 | CBRE | Cbre Group Inc - A | 0% | +5.06% | 加碼 |
| 47 | HEI-A | Heico Corp-class A | 0% | -5.28% | 減碼 |
| 48 | ICLR | ICON Public Limited Company | 0% | +37.59% | 加碼 |
| 49 | STT | State Street CORP | 0% | +0.21% | 加碼 |
| 50 | NFLX | Netflix Inc | 0% | +46.49% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Brown Brothers Harriman & Co 在 Q2 2025 季度的美股持倉總市值約為 US$228.1億，共申報了 1547 個公開持股部位。
在 Q2 2025 季度，Brown Brothers Harriman & Co 按市值排列的前三大核心持股分別為：MSFT (6.0%)、ORCL (4.7%)、GOOG (4.0%)。其中最大持股部位 MSFT 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
EAGL
市值: US$1212.9萬
本季最大獲利了結 / 清倉標的
BRK-B
前期市值: US$6.8億
在 Q2 2025 季度中，Brown Brothers Harriman & Co 共進行了 194 項持倉異動，包含新建倉 18 個部位、加碼 120 個部位、減碼 56 個部位以及清倉 0 個部位。 其中最大新建倉標的為 EAGL。
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。