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: 0001426319
申報總市值
US$56.2億
US$56.2億
393 檔
17.6%
Cannell & Spears LLC 在 Q2 2025 季度的美股部位總計估值為 US$56.2億，分散於 393 個持倉標的之中，反映其市場參與廣度與投資規模。
觀察 Q2 2025 的資金脈絡，Cannell & Spears LLC 在獲利結算 6 檔個股的同時，將資本重新部署至 3 檔新選標的，展現主動管理機構的輪動節奏。
從部位權重觀察，前 5 大標的（包含 MSFT, BRK-B, AAPL）累計市值佔比達 17.6%，是驅動 Cannell & Spears 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 393 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 | 7.52% | -0.46% | -4.02% | |
| 2 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 3.36% | -0.12% | -2.39% | |
| 3 | AAPL | Apple Inc | 股票-科技 | 3.22% | +0.10% | -2.95% | |
| 4 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 3.06% | -0.03% | -17.42% | |
| 5 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.81% | +0.11% | +6.02% | |
| 6 | ORCL | Oracle CORP | 股票-科技 | 2.78% | -0.11% | +44.26% | |
| 7 | BN | Brookfield CORP | 股票-金融 | 2.33% | +0.10% | -2.65% | |
| 8 | CB | Chubb Limited | 股票-金融 | 1.78% | -0.17% | -1.81% | |
| 9 | VRT | Vertiv Holdings Co-a | 股票-工業 | 1.68% | +0.14% | -10.20% | |
| 10 | DHR | Danaher CORP | 股票-醫療保健 | 1.68% | -0.10% | +16.66% | |
| 11 | MRP | Millrose Properties | 股票-房地產 | 1.50% | -0.04% | +19.45% | |
| 12 | AVGO | Broadcom Inc | 股票-科技 | 1.46% | +0.50% | +58.61% | |
| 13 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.45% | +0.17% | -1.73% | |
| 14 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.44% | -0.02% | -3.48% | |
| 15 | ABT | Abbott Laboratories | 股票-醫療保健 | 1.43% | +0.03% | -3.59% | |
| 16 | CRH | CRH plc | 股票-原物料 | 1.42% | -0.22% | +4.44% | |
| 17 | EXE | Expand Energy CORP | 股票-能源 | 1.35% | — | -7.08% | |
| 18 | BEEX | THE Beehive ETF | ETF-其他 | 1.33% | — | -3.19% | |
| 19 | ADI | Analog Devices Inc | 股票-科技 | 1.30% | -0.20% | +82.33% | |
| 20 | ABBV | Abbvie Inc | 股票-醫療保健 | 1.28% | +0.09% | +30.12% | |
| 21 | EQT | Eqt CORP | 股票-能源 | 1.27% | +0.13% | -5.77% | |
| 22 | NVDA | Nvidia CORP | 股票-科技 | 1.26% | +0.01% | +299.80% | |
| 23 | AEM | Agnico Eagle Mines LTD | 股票-原物料 | 1.17% | -0.32% | +16.75% | |
| 24 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 1.17% | -0.16% | -0.39% | |
| 25 | FIS | Fidelity National Info Serv | 股票-科技 | 1.16% | -0.20% | -39.37% | |
| 26 | WTM | White Mountains Insurance Group, Ltd. | 股票-金融 | 1.03% | -0.19% | -1.12% | |
| 27 | ICE | Intercontinental Exchange In | 股票-金融 | 1.02% | -0.31% | -4.96% | |
| 28 | PWR | Quanta Services Inc | 股票-工業 | 0.99% | +0.07% | -0.59% | |
| 29 | FNF | Fidelity National Financial | 股票-金融 | 0.98% | -0.04% | +123.82% | |
| 30 | DIS | Walt Disney Co/the | 股票-通訊服務 | 0.92% | -0.08% | -0.58% | |
| 31 | LH | Labcorp Holdings Inc | 股票-醫療保健 | 0.86% | -0.04% | -1.16% | |
| 32 | TJX | Tjx Companies Inc | 股票-循環性消費 | 0.83% | -0.16% | -2.13% | |
| 33 | FCNCA | First Citizens Bcshs -cl A | 股票-金融 | 0.83% | -0.06% | +177.62% | |
| 34 | GIL | Gildan Activewear Inc | 股票-循環性消費 | 0.83% | -0.05% | +130.88% | |
| 35 | FTAI | FTAI Aviation Ltd. | 股票-工業 | 0.82% | +0.29% | -38.51% | |
| 36 | MDLZ | Mondelez International Inc-a | 股票-非循環性消費 | 0.81% | -0.08% | -16.44% | |
| 37 | SN | SharkNinja, Inc. | 股票-循環性消費 | 0.80% | -0.08% | +88.20% | |
| 38 | AON | Aon plc | 股票-金融 | 0.78% | -0.09% | +0.58% | |
| 39 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 0.75% | +0.01% | -2.21% | |
| 40 | TOL | Toll Brothers Inc | 股票-循環性消費 | 0.70% | +0.01% | +515.29% | |
| 41 | UBER | Uber Technologies Inc | 股票-工業 | 0.69% | -0.01% | -14.19% | |
| 42 | FUN | Six Flags Entertainment CORP | 股票-其他 | 0.68% | — | -23.75% | |
| 43 | HD | Home Depot Inc | 股票-循環性消費 | 0.67% | -0.02% | -0.89% | |
| 44 | BRK-A | Berkshire Hathaway Inc-cl A | 股票-其他 | 0.66% | -0.04% | — | |
| 45 | CMCSA | Comcast Corp-class A | 股票-通訊服務 | 0.66% | -0.10% | -7.08% | |
| 46 | FISV | Fiserv Inc | 股票-其他 | 0.65% | — | +10.24% | |
| 47 | PLD | Prologis Inc | 股票-房地產 | 0.63% | -0.12% | +57.41% | |
| 48 | LOW | Lowe's Cos Inc | 股票-循環性消費 | 0.62% | -0.08% | -2.20% | |
| 49 | BNY | Bank Of New York Mellon CORP | 股票-金融 | 0.61% | +0.04% | -1.04% | |
| 50 | CL | Colgate-palmolive Co | 股票-非循環性消費 | 0.60% | -0.02% | -0.16% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | ORCL | Oracle CORP | +1.5% | +44.26% | 加碼 |
| 2 | MSFT | Microsoft CORP | +1.2% | -4.02% | 減碼 |
| 3 | NVDA | Nvidia CORP | +1% | +299.80% | 加碼 |
| 4 | AVGO | Broadcom Inc | +0.9% | +58.61% | 加碼 |
| 5 | ADI | Analog Devices Inc | +0.7% | +82.33% | 加碼 |
| 6 | TOL | Toll Brothers Inc | +0.6% | +515.29% | 加碼 |
| 7 | VRT | Vertiv Holdings Co-a | +0.6% | -10.20% | 減碼 |
| 8 | FCNCA | First Citizens Bcshs -cl A | +0.5% | +177.62% | 加碼 |
| 9 | GIL | Gildan Activewear Inc | +0.5% | +130.88% | 加碼 |
| 10 | FNF | Fidelity National Financial | +0.4% | +123.82% | 加碼 |
| 11 | SN | SharkNinja, Inc. | +0.4% | +88.20% | 加碼 |
| 12 | AMCR | Amcor plc | +0.4% | NEW | 新建倉 |
| 13 | CSTM | Constellium SE | +0.4% | +1075.81% | 加碼 |
| 14 | AMZN | Amazon.com Inc | +0.4% | +6.02% | 加碼 |
| 15 | KMX | Carmax Inc | +0.3% | +534.17% | 加碼 |
| 16 | PWR | Quanta Services Inc | +0.3% | -0.59% | 減碼 |
| 17 | MRP | Millrose Properties | +0.3% | +19.45% | 加碼 |
| 18 | MLM | Martin Marietta Materials | +0.2% | +2760.55% | 加碼 |
| 19 | AEM | Agnico Eagle Mines LTD | +0.2% | +16.75% | 加碼 |
| 20 | PLD | Prologis Inc | +0.2% | +57.41% | 加碼 |
| 21 | BN | Brookfield CORP | +0.2% | -2.65% | 減碼 |
| 22 | DIS | Walt Disney Co/the | +0.1% | -0.58% | 減碼 |
| 23 | PBI | Pitney Bowes Inc | +0.1% | +34.22% | 加碼 |
| 24 | GBFH | Gbank Financial Holdings Inc | +0.1% | NEW | 新建倉 |
| 25 | OR | Or Royalties Inc | +0.1% | NEW | 新建倉 |
| 26 | NOW | Servicenow Inc | +0.1% | +1.57% | 加碼 |
| 27 | NVT | nVent Electric plc | +0.1% | +8.93% | 加碼 |
| 28 | ABBV | Abbvie Inc | +0.1% | +30.12% | 加碼 |
| 29 | DHR | Danaher CORP | +0.1% | +16.66% | 加碼 |
| 30 | JPM | Jpmorgan Chase & Co | +0.1% | -3.48% | 減碼 |
| 31 | GOOGL | Alphabet Inc-cl A | +0.1% | -1.73% | 減碼 |
| 32 | CRH | CRH plc | 0% | +4.44% | 加碼 |
| 33 | FLS | Flowserve CORP | -0.1% | EXIT | 清倉 |
| 34 | TMHC | Taylor Morrison Home CORP | -0.2% | EXIT | 清倉 |
| 35 | MDLZ | Mondelez International Inc-a | -0.2% | -16.44% | 減碼 |
| 36 | TMO | Thermo Fisher Scientific Inc | -0.3% | -2.21% | 減碼 |
| 37 | FTV | Fortive CORP | -0.4% | -35.61% | 減碼 |
| 38 | BERYEUR | Berry Global Group Inc | -0.4% | EXIT | 清倉 |
| 39 | GOOG | Alphabet Inc-cl C | -0.4% | -17.42% | 減碼 |
| 40 | FUN | Six Flags Entertainment CORP | -0.4% | -23.75% | 減碼 |
| 41 | JEF | Jefferies Financial Group In | -0.4% | EXIT | 清倉 |
| 42 | FTAI | FTAI Aviation Ltd. | -0.6% | -38.51% | 減碼 |
| 43 | REGN | Regeneron Pharmaceuticals | -0.6% | -58.99% | 減碼 |
| 44 | AAPL | Apple Inc | -0.6% | -2.95% | 減碼 |
| 45 | BRK-B | Berkshire Hathaway Inc-cl B | -0.7% | -2.39% | 減碼 |
| 46 | UAL | United Airlines Holdings Inc | -0.7% | EXIT | 清倉 |
| 47 | FIS | Fidelity National Info Serv | -0.7% | -39.37% | 減碼 |
| 48 | META | Meta Platforms Inc-class A | -0.8% | -85.79% | 減碼 |
| 49 | XPO | Xpo Inc | -0.9% | EXIT | 清倉 |
| 50 | GM | General Motors Co | -1% | -77.61% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Cannell & Spears LLC 在 Q2 2025 季度的美股持倉總市值約為 US$56.2億，共申報了 393 個公開持股部位。
在 Q2 2025 季度，Cannell & Spears LLC 按市值排列的前三大核心持股分別為：MSFT (7.5%)、BRK-B (3.4%)、AAPL (3.2%)。其中最大持股部位 MSFT 佔據整體投資組合約 7.5% 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
AMCR
市值: US$1894.3萬
本季最大獲利了結 / 清倉標的
XPO
前期市值: US$4244.1萬
在 Q2 2025 季度中，Cannell & Spears LLC 共進行了 50 項持倉異動，包含新建倉 3 個部位、加碼 22 個部位、減碼 19 個部位以及清倉 6 個部位。 其中最大新建倉標的為 AMCR。 本季清倉部位包含 XPO。
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。