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
400 檔
19.4%
Q3 2025 季度申報顯示，Cannell & Spears LLC 揭露的美股組合總市值為 US$56.2億，涵蓋 400 個不同之權益投資部位。
Q3 2025 的申報記錄反映 Cannell & Spears LLC 的板塊替換策略：機構本季推動了 24 筆增持與 26 筆減持，籌碼呈現明顯的結構重組。
整體而言，Cannell & Spears LLC 的前 5 大持股（包含 MSFT, AAPL, GOOG）貢獻了組合市值的 19.4%，形成該機構在 Q3 2025 季度的基本面基石。
僅顯示前 200 大持股（共 400 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 | 7.25% | -0.46% | -0.75% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 3.67% | +0.10% | -1.71% | |
| 3 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 3.65% | -0.03% | -6.93% | |
| 4 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 3.23% | -0.12% | -0.60% | |
| 5 | ORCL | Oracle CORP | 股票-科技 | 2.78% | -0.11% | -16.72% | |
| 6 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.69% | +0.11% | +2.61% | |
| 7 | BN | Brookfield CORP | 股票-金融 | 2.33% | +0.10% | -3.31% | |
| 8 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.85% | +0.17% | -1.01% | |
| 9 | VRT | Vertiv Holdings Co-a | 股票-工業 | 1.78% | +0.14% | -3.25% | |
| 10 | AEM | Agnico Eagle Mines LTD | 股票-原物料 | 1.78% | -0.32% | +14.98% | |
| 11 | MRP | Millrose Properties | 股票-房地產 | 1.67% | -0.04% | +0.97% | |
| 12 | ADI | Analog Devices Inc | 股票-科技 | 1.60% | -0.20% | +28.06% | |
| 13 | CB | Chubb Limited | 股票-金融 | 1.60% | -0.17% | -1.11% | |
| 14 | CRH | CRH plc | 股票-原物料 | 1.54% | -0.22% | -11.44% | |
| 15 | NVDA | Nvidia CORP | 股票-科技 | 1.42% | +0.01% | +2.54% | |
| 16 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.42% | -0.02% | -2.98% | |
| 17 | ABT | Abbott Laboratories | 股票-醫療保健 | 1.42% | +0.03% | +7.95% | |
| 18 | GIL | Gildan Activewear Inc | 股票-循環性消費 | 1.38% | -0.05% | +51.87% | |
| 19 | BEEX | THE Beehive ETF | ETF-其他 | 1.34% | — | +1.67% | |
| 20 | ABBV | Abbvie Inc | 股票-醫療保健 | 1.24% | +0.09% | -16.28% | |
| 21 | B | Barrick Mining CORP | 股票-原物料 | 1.15% | -0.10% | +776.52% | |
| 22 | UBER | Uber Technologies Inc | 股票-工業 | 1.12% | -0.01% | +64.79% | |
| 23 | AMRZ | Amrize Ltd | 股票-原物料 | 1.01% | -0.03% | — | |
| 24 | PWR | Quanta Services Inc | 股票-工業 | 0.98% | +0.07% | -3.56% | |
| 25 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.96% | -0.02% | +554.11% | |
| 26 | AVGO | Broadcom Inc | 股票-科技 | 0.96% | +0.50% | -41.57% | |
| 27 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.91% | -0.16% | -10.43% | |
| 28 | DHR | Danaher CORP | 股票-醫療保健 | 0.90% | -0.10% | -42.42% | |
| 29 | TJX | Tjx Companies Inc | 股票-循環性消費 | 0.90% | -0.16% | -1.61% | |
| 30 | WTM | White Mountains Insurance Group, Ltd. | 股票-金融 | 0.89% | -0.19% | -0.21% | |
| 31 | ICE | Intercontinental Exchange In | 股票-金融 | 0.87% | -0.31% | -0.19% | |
| 32 | LH | Labcorp Holdings Inc | 股票-醫療保健 | 0.86% | -0.04% | -1.81% | |
| 33 | FIS | Fidelity National Info Serv | 股票-科技 | 0.84% | -0.20% | -4.05% | |
| 34 | AGI | Alamos Gold Inc-class A | 股票-原物料 | 0.84% | -0.09% | +512.39% | |
| 35 | PKG | Packaging CORP Of America | 股票-循環性消費 | 0.83% | -0.03% | +368.94% | |
| 36 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 0.82% | +0.01% | -2.52% | |
| 37 | DIS | Walt Disney Co/the | 股票-通訊服務 | 0.80% | -0.08% | +1.02% | |
| 38 | FNV | Franco-nevada CORP | 股票-原物料 | 0.75% | -0.19% | +6.29% | |
| 39 | MDLZ | Mondelez International Inc-a | 股票-非循環性消費 | 0.74% | -0.08% | +5.35% | |
| 40 | AON | Aon plc | 股票-金融 | 0.73% | -0.09% | -0.19% | |
| 41 | PBI | Pitney Bowes Inc | 股票-其他 | 0.72% | — | +89.45% | |
| 42 | PLD | Prologis Inc | 股票-房地產 | 0.69% | -0.12% | +7.37% | |
| 43 | TOL | Toll Brothers Inc | 股票-循環性消費 | 0.69% | +0.01% | -12.71% | |
| 44 | HD | Home Depot Inc | 股票-循環性消費 | 0.68% | -0.02% | -1.51% | |
| 45 | BNY | Bank Of New York Mellon CORP | 股票-金融 | 0.66% | +0.04% | -2.99% | |
| 46 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.64% | -0.06% | -2.40% | |
| 47 | BRK-A | Berkshire Hathaway Inc-cl A | 股票-其他 | 0.63% | -0.04% | -2.22% | |
| 48 | LOW | Lowe's Cos Inc | 股票-循環性消費 | 0.61% | -0.08% | -7.60% | |
| 49 | XYL | Xylem Inc | 股票-工業 | 0.61% | -0.01% | -1.72% | |
| 50 | CVX | Chevron CORP | 股票-能源 | 0.59% | -0.23% | +13.65% |
| # | 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% | -16.72% | 加碼 |
| 2 | NVDA | Nvidia CORP | +1.2% | +2.54% | 加碼 |
| 3 | GIL | Gildan Activewear Inc | +1% | +51.87% | 加碼 |
| 4 | MSFT | Microsoft CORP | +1% | -0.75% | 減碼 |
| 5 | ADI | Analog Devices Inc | +1% | +28.06% | 加碼 |
| 6 | AEM | Agnico Eagle Mines LTD | +0.8% | +14.98% | 加碼 |
| 7 | AGI | Alamos Gold Inc-class A | +0.7% | +512.39% | 加碼 |
| 8 | VRT | Vertiv Holdings Co-a | +0.7% | -3.25% | 減碼 |
| 9 | PKG | Packaging CORP Of America | +0.7% | +368.94% | 加碼 |
| 10 | TOL | Toll Brothers Inc | +0.6% | -12.71% | 加碼 |
| 11 | GOOGL | Alphabet Inc-cl A | +0.5% | -1.01% | 減碼 |
| 12 | PBI | Pitney Bowes Inc | +0.5% | +89.45% | 加碼 |
| 13 | UBER | Uber Technologies Inc | +0.5% | +64.79% | 加碼 |
| 14 | MRP | Millrose Properties | +0.4% | +0.97% | 加碼 |
| 15 | CSTM | Constellium SE | +0.4% | +5.25% | 加碼 |
| 16 | AVGO | Broadcom Inc | +0.4% | -41.57% | 減碼 |
| 17 | INTC | Intel CORP | +0.3% | +164.96% | 加碼 |
| 18 | PWR | Quanta Services Inc | +0.3% | -3.56% | 減碼 |
| 19 | AMZN | Amazon.com Inc | +0.2% | +2.61% | 加碼 |
| 20 | PLD | Prologis Inc | +0.2% | +7.37% | 加碼 |
| 21 | URBN | Urban Outfitters Inc | +0.2% | +318.09% | 加碼 |
| 22 | UNP | Union Pacific CORP | +0.2% | +108.31% | 加碼 |
| 23 | FCNCA | First Citizens Bcshs -cl A | +0.2% | -28.70% | 加碼 |
| 24 | FNV | Franco-nevada CORP | +0.2% | +6.29% | 加碼 |
| 25 | GOOG | Alphabet Inc-cl C | +0.2% | -6.93% | 減碼 |
| 26 | BN | Brookfield CORP | +0.2% | -3.31% | 減碼 |
| 27 | CRH | CRH plc | +0.2% | -11.44% | 減碼 |
| 28 | JPM | Jpmorgan Chase & Co | +0.1% | -2.98% | 減碼 |
| 29 | AAPL | Apple Inc | -0.2% | -1.71% | 減碼 |
| 30 | AL | Air Lease CORP | -0.3% | -42.10% | 減碼 |
| 31 | FISV | Fiserv Inc | -0.3% | +2.70% | 加碼 |
| 32 | ADBE | Adobe Inc | -0.5% | -72.96% | 減碼 |
| 33 | REGN | Regeneron Pharmaceuticals | -0.6% | +13.67% | 減碼 |
| 34 | FTV | Fortive CORP | -0.6% | -60.99% | 減碼 |
| 35 | DHR | Danaher CORP | -0.7% | -42.42% | 減碼 |
| 36 | EQT | Eqt CORP | -0.8% | -49.96% | 減碼 |
| 37 | BRK-B | Berkshire Hathaway Inc-cl B | -0.8% | -0.60% | 減碼 |
| 38 | GM | General Motors Co | -1% | -39.82% | 減碼 |
| 39 | FIS | Fidelity National Info Serv | -1% | -4.05% | 減碼 |
| 40 | FUN | Six Flags Entertainment CORP | -1.1% | -99.00% | 減碼 |
| 41 | FTAI | FTAI Aviation Ltd. | -1.3% | -87.99% | 減碼 |
| 42 | EXE | Expand Energy CORP | — | EXIT | 清倉 |
| 43 | B | Barrick Mining CORP | — | NEW | 新建倉 |
| 44 | AMRZ | Amrize Ltd | — | NEW | 新建倉 |
| 45 | XPO | Xpo Inc | — | EXIT | 清倉 |
| 46 | UAL | United Airlines Holdings Inc | — | EXIT | 清倉 |
| 47 | AMCR | Amcor plc | — | NEW | 新建倉 |
| 48 | CHKP | Check Point Software Technologies Ltd. | — | NEW | 新建倉 |
| 49 | JEF | Jefferies Financial Group In | — | EXIT | 清倉 |
| 50 | BERYEUR | Berry Global Group Inc | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Cannell & Spears LLC 在 Q3 2025 季度的美股持倉總市值約為 US$56.2億，共申報了 400 個公開持股部位。
在 Q3 2025 季度，Cannell & Spears LLC 按市值排列的前三大核心持股分別為：MSFT (7.3%)、AAPL (3.7%)、GOOG (3.6%)。其中最大持股部位 MSFT 佔據整體投資組合約 7.3% 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
B
市值: US$6082.4萬
本季最大獲利了結 / 清倉標的
EXE
前期市值: US$6833.2萬
在 Q3 2025 季度中，Cannell & Spears LLC 共進行了 50 項持倉異動，包含新建倉 4 個部位、加碼 20 個部位、減碼 21 個部位以及清倉 5 個部位。 其中最大新建倉標的為 B。 本季清倉部位包含 EXE。
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。