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: 0000874791
申報總市值
US$13.5億
US$13.5億
110 檔
27.8%
Q4 2025 季度申報顯示，Campbell Newman Asset Management Inc 揭露的美股組合總市值為 US$13.5億，涵蓋 110 個不同之權益投資部位。
Q4 2025 的申報記錄反映 Campbell Newman Asset Management Inc 的板塊替換策略：機構本季推動了 24 筆增持與 24 筆減持，籌碼呈現明顯的結構重組。
檢視投資組合結構，前 5 大主力部位（包含 AAPL, MSFT, AVGO）占據了總市值的 27.8%，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 | AAPL | Apple Inc | 股票-科技 | 6.85% | -0.25% | +0.33% | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 6.46% | -0.80% | +0.32% | |
| 3 | AVGO | Broadcom Inc | 股票-科技 | 5.88% | +0.04% | -0.49% | |
| 4 | KLAC | Kla CORP | 股票-科技 | 4.53% | +1.83% | -12.57% | |
| 5 | APH | Amphenol Corp-cl A | 股票-科技 | 3.66% | +0.23% | -9.69% | |
| 6 | LLY | Eli Lilly & Co | 股票-醫療保健 | 3.27% | +2.43% | +0.31% | |
| 7 | RTX | Rtx CORP | 股票-工業 | 2.95% | -0.50% | +0.52% | |
| 8 | WEC | Wec Energy Group Inc | 股票-公用事業 | 2.87% | -0.28% | +0.61% | |
| 9 | ETN | Eaton Corporation plc | 股票-工業 | 2.74% | +0.12% | -4.43% | |
| 10 | ABBV | Abbvie Inc | 股票-醫療保健 | 2.72% | -0.03% | +0.55% | |
| 11 | LOW | Lowe's Cos Inc | 股票-循環性消費 | 2.56% | -0.54% | +0.55% | |
| 12 | ICE | Intercontinental Exchange In | 股票-金融 | 2.54% | -2.73% | +0.24% | |
| 13 | ADI | Analog Devices Inc | 股票-科技 | 2.54% | +0.22% | +0.42% | |
| 14 | J | Jacobs Solutions Inc | 股票-工業 | 2.47% | -1.54% | +0.12% | |
| 15 | NDAQ | Nasdaq Inc | 股票-金融 | 2.45% | -0.48% | +0.70% | |
| 16 | EMR | Emerson Electric Co | 股票-工業 | 2.43% | -0.15% | +0.58% | |
| 17 | TEL | TE Connectivity plc | 股票-科技 | 2.36% | — | +0.62% | |
| 18 | WFC | Wells Fargo & Co | 股票-金融 | 2.30% | -0.11% | — | |
| 19 | AJG | Arthur J Gallagher & Co | 股票-金融 | 2.30% | -0.12% | EXIT | |
| 20 | TXN | Texas Instruments Inc | 股票-科技 | 2.18% | +0.89% | -1.02% | |
| 21 | ABT | Abbott Laboratories | 股票-醫療保健 | 2.18% | — | -0.63% | |
| 22 | V | Visa Inc-class A Shares | 股票-金融 | 2.16% | -0.07% | -33.28% | |
| 23 | MA | Mastercard Inc - A | 股票-金融 | 1.98% | -0.28% | -39.74% | |
| 24 | MCO | Moody's CORP | 股票-金融 | 1.74% | -0.20% | +0.52% | |
| 25 | SYK | Stryker CORP | 股票-醫療保健 | 1.63% | -0.29% | -39.81% | |
| 26 | STT | State Street CORP | 股票-金融 | 1.57% | +0.33% | — | |
| 27 | WMB | Williams Cos Inc | 股票-能源 | 1.53% | +0.23% | — | |
| 28 | INTU | Intuit Inc | 股票-科技 | 1.47% | -1.05% | EXIT | |
| 29 | CTSH | Cognizant Tech Solutions-a | 股票-科技 | 1.42% | -1.18% | EXIT | |
| 30 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.39% | +0.02% | -0.07% | |
| 31 | VMC | Vulcan Materials Co | 股票-原物料 | 1.37% | -0.09% | +0.71% | |
| 32 | DE | Deere & Co | 股票-工業 | 1.05% | -0.04% | EXIT | |
| 33 | SPGI | S&p Global Inc | 股票-金融 | 0.87% | — | +0.45% | |
| 34 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.82% | +0.06% | — | |
| 35 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 0.81% | -0.03% | -0.23% | |
| 36 | IFF | Intl Flavors & Fragrances | 股票-原物料 | 0.67% | — | — | |
| 37 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.52% | — | — | |
| 38 | MEDP | Medpace Holdings Inc | 股票-醫療保健 | 0.37% | +0.02% | -3.71% | |
| 39 | NVDA | Nvidia CORP | 股票-科技 | 0.37% | +0.02% | -0.84% | |
| 40 | DY | Dycom Industries Inc | 股票-工業 | 0.35% | +0.09% | -3.64% | |
| 41 | MTZ | Mastec Inc | 股票-工業 | 0.35% | +0.02% | -8.79% | |
| 42 | FN | Fabrinet | 股票-科技 | 0.35% | +0.02% | -25.51% | |
| 43 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.34% | — | — | |
| 44 | CW | Curtiss-wright CORP | 股票-工業 | 0.34% | +0.03% | -3.67% | |
| 45 | MOD | Modine Manufacturing Co | 股票-循環性消費 | 0.30% | +0.09% | -2.84% | |
| 46 | RMBS | Rambus Inc | 股票-科技 | 0.27% | +0.13% | -3.60% | |
| 47 | ONTO | Onto Innovation Inc | 股票-科技 | 0.26% | +0.16% | +20.65% | |
| 48 | EVR | Evercore Inc - A | 股票-金融 | 0.25% | +0.03% | -3.65% | |
| 49 | ENSG | Ensign Group Inc/the | 股票-醫療保健 | 0.24% | -0.07% | -3.65% | |
| 50 | EXLS | Exlservice Holdings Inc | 股票-科技 | 0.24% | -0.03% | -3.54% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | LLY | Eli Lilly & Co | +1% | +0.31% | 加碼 |
| 2 | AAPL | Apple Inc | +0.5% | +0.33% | 加碼 |
| 3 | RTX | Rtx CORP | +0.3% | +0.52% | 加碼 |
| 4 | AVGO | Broadcom Inc | +0.3% | -0.49% | 減碼 |
| 5 | ADI | Analog Devices Inc | +0.3% | +0.42% | 加碼 |
| 6 | NDAQ | Nasdaq Inc | +0.2% | +0.70% | 加碼 |
| 7 | CTSH | Cognizant Tech Solutions-a | +0.2% | -3.69% | 減碼 |
| 8 | GOOG | Alphabet Inc-cl C | +0.2% | — | 不變 |
| 9 | GOOGL | Alphabet Inc-cl A | +0.2% | -0.23% | 減碼 |
| 10 | MCO | Moody's CORP | +0.1% | +0.52% | 加碼 |
| 11 | TEL | TE Connectivity plc | +0.1% | +0.62% | 加碼 |
| 12 | ONTO | Onto Innovation Inc | +0.1% | +20.65% | 加碼 |
| 13 | AMZN | Amazon.com Inc | +0.1% | -0.07% | 減碼 |
| 14 | SPGI | S&p Global Inc | +0.1% | +0.45% | 加碼 |
| 15 | IFF | Intl Flavors & Fragrances | +0.1% | — | 不變 |
| 16 | APH | Amphenol Corp-cl A | -0.1% | -9.69% | 減碼 |
| 17 | ✓ | -0.1% | -0.76% | 減碼 | |
| 18 | ✓ | -0.1% | -3.65% | 減碼 | |
| 19 | KLAC | Kla CORP | -0.1% | -12.57% | 減碼 |
| 20 | LOW | Lowe's Cos Inc | -0.1% | +0.55% | 加碼 |
| 21 | FISV | Fiserv Inc | -0.1% | -0.32% | 減碼 |
| 22 | VMC | Vulcan Materials Co | -0.1% | +0.71% | 加碼 |
| 23 | ICE | Intercontinental Exchange In | -0.1% | +0.24% | 加碼 |
| 24 | ✓ | -0.2% | -3.66% | 減碼 | |
| 25 | TXN | Texas Instruments Inc | -0.2% | -1.02% | 減碼 |
| 26 | AMSC | American Superconductor CORP | -0.2% | -3.39% | 減碼 |
| 27 | ABT | Abbott Laboratories | -0.2% | -0.63% | 減碼 |
| 28 | CORT | Corcept Therapeutics Inc | -0.2% | -52.35% | 減碼 |
| 29 | WEC | Wec Energy Group Inc | -0.2% | +0.61% | 加碼 |
| 30 | J | Jacobs Solutions Inc | -0.3% | +0.12% | 加碼 |
| 31 | MSFT | Microsoft CORP | -0.4% | +0.32% | 加碼 |
| 32 | AJG | Arthur J Gallagher & Co | -0.5% | -1.59% | 減碼 |
| 33 | ETN | Eaton Corporation plc | -0.6% | -4.43% | 減碼 |
| 34 | V | Visa Inc-class A Shares | -1% | -33.28% | 減碼 |
| 35 | HON | Honeywell International Inc | -1.2% | -93.21% | 減碼 |
| 36 | SYK | Stryker CORP | -1.2% | -39.81% | 減碼 |
| 37 | MA | Mastercard Inc - A | -1.3% | -39.74% | 減碼 |
| 38 | WFC | Wells Fargo & Co | — | NEW | 新建倉 |
| 39 | STT | State Street CORP | — | NEW | 新建倉 |
| 40 | WMB | Williams Cos Inc | — | NEW | 新建倉 |
| 41 | INTU | Intuit Inc | — | NEW | 新建倉 |
| 42 | EOG | Eog Resources Inc | — | EXIT | 清倉 |
| 43 | ZTS | Zoetis Inc | — | EXIT | 清倉 |
| 44 | CIEN | Ciena CORP | — | EXIT | 清倉 |
| 45 | DOCN | Digitalocean Holdings Inc | — | NEW | 新建倉 |
| 46 | VSEC | Vse CORP | — | NEW | 新建倉 |
| 47 | AEIS | Advanced Energy Industries | — | NEW | 新建倉 |
| 48 | RDNT | Radnet Inc | — | NEW | 新建倉 |
| 49 | ✓ | — | NEW | 新建倉 | |
| 50 | MTDR | Matador Resources Co | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Campbell Newman Asset Management Inc 在 Q4 2025 季度的美股持倉總市值約為 US$13.5億，共申報了 110 個公開持股部位。
在 Q4 2025 季度，Campbell Newman Asset Management Inc 按市值排列的前三大核心持股分別為：AAPL (6.8%)、MSFT (6.5%)、AVGO (5.9%)。其中最大持股部位 AAPL 佔據整體投資組合約 6.8% 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
WFC
市值: US$3142.6萬
本季最大獲利了結 / 清倉標的
EOG
前期市值: US$1710.3萬
在 Q4 2025 季度中，Campbell Newman Asset Management Inc 共進行了 48 項持倉異動，包含新建倉 9 個部位、加碼 15 個部位、減碼 20 個部位以及清倉 4 個部位。 其中最大新建倉標的為 WFC。 本季清倉部位包含 EOG。
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。
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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。