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: 0001531809
申報總市值
US$14.6億
US$14.6億
121 檔
23.8%
在 Q3 2025 申報期間，CapWealth Advisors, LLC（CIK: 0001531809）向美國 SEC 提交的 Form 13F 報告顯示，其追蹤之股票投資組合總市值達 US$14.6億，共持有 121 個公開申報部位。
觀察 Q3 2025 的資金脈絡，CapWealth Advisors, LLC 在獲利結算 3 檔個股的同時，將資本重新部署至 12 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 FNMA F PERP P, FNMA 8.25 PERP T, PLTR）累計市值佔比達 23.8%，是驅動 CapWealth Advisors, LLC 該季度整體投資組合績效表現的核心支柱。
本季最大新建倉標的
FNMA F PERP P
市值: US$9656.5萬
本季最大獲利了結 / 清倉標的
SNA
前期市值: US$1515.0萬
| # | 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 | FNMA F PERP P債券 | Fannie Mae | 債券 | 6.65% | -0.29% | — | |
| 2 | FNMA 8.25 PERP T債券 | Fannie Mae | 債券 | 6.54% | -0.79% | — | |
| 3 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 4.03% | -0.43% | -21.70% | |
| 4 | WMB | Williams Cos Inc | 股票-能源 | 3.40% | -0.24% | -1.95% | |
| 5 | MSFT | Microsoft CORP | 股票-科技 | 3.28% | -0.10% | -0.83% | |
| 6 | FMCC 6.02 PERP X債券 | Freddie Mac | 債券 | 2.97% | -0.33% | — | |
| 7 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 2.73% | -0.07% | -5.04% | |
| 8 | GLW | Corning Inc | 股票-科技 | 2.67% | +2.62% | -0.64% | |
| 9 | LUMN | Lumen Technologies Inc | 股票-通訊服務 | 2.53% | +0.13% | +22.57% | |
| 10 | FNMA V8.25 PERP S債券 | Fannie Mae | 債券 | 2.51% | -0.28% | — | |
| 11 | IBM | Intl Business Machines CORP | 股票-科技 | 2.32% | +0.21% | -7.94% | |
| 12 | FMCC V8.375 PERP Z債券 | Freddie Mac | 債券 | 2.22% | -0.27% | — | |
| 13 | GE | General Electric | 股票-工業 | 2.10% | +0.48% | -2.17% | |
| 14 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 2.09% | +0.50% | -2.74% | |
| 15 | CVX | Chevron CORP | 股票-能源 | 2.05% | -0.74% | -4.30% | |
| 16 | GEV | GE Vernova Inc | 股票-工業 | 1.93% | +0.29% | -5.05% | |
| 17 | RTX | Rtx CORP | 股票-工業 | 1.93% | -0.19% | -1.89% | |
| 18 | BAC | Bank Of America CORP | 股票-金融 | 1.91% | +0.14% | -2.54% | |
| 19 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 1.88% | -0.01% | +0.14% | |
| 20 | DHI | Dr Horton Inc | 股票-循環性消費 | 1.87% | +0.18% | -0.04% | |
| 21 | GILD | Gilead Sciences Inc | 股票-醫療保健 | 1.86% | -0.40% | -3.68% | |
| 22 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.77% | -0.10% | +0.04% | |
| 23 | DUK | Duke Energy CORP | 股票-公用事業 | 1.76% | -0.17% | -0.68% | |
| 24 | CVS | Cvs Health CORP | 股票-醫療保健 | 1.66% | +0.67% | -2.42% | |
| 25 | ORCL | Oracle CORP | 股票-科技 | 1.56% | -0.04% | -1.29% | |
| 26 | NEE | Nextera Energy Inc | 股票-公用事業 | 1.38% | +0.29% | +1.75% | |
| 27 | NFLX | Netflix Inc | 股票-通訊服務 | 1.38% | -0.02% | -15.61% | |
| 28 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.34% | +0.12% | -1.27% | |
| 29 | AAPL | Apple Inc | 股票-科技 | 1.32% | +0.02% | -1.68% | |
| 30 | FBK | Fb Financial CORP | 股票-其他 | 1.27% | -0.02% | +3756.68% | |
| 31 | DOW | Dow Inc | 股票-原物料 | 1.26% | -0.96% | -1.64% | |
| 32 | CEG | Constellation Energy | 股票-公用事業 | 1.24% | -0.18% | +0.96% | |
| 33 | UPS | United Parcel Service-cl B | 股票-工業 | 1.24% | +0.05% | +9.74% | |
| 34 | EQIX | Equinix Inc | 股票-房地產 | 1.22% | -0.01% | -7.55% | |
| 35 | VZ | Verizon Communications Inc | 股票-通訊服務 | 1.19% | -0.02% | EXIT | |
| 36 | SONY | Sony Group CORP - Sp Adr | 股票-科技 | 1.10% | -0.04% | -2.49% | |
| 37 | PEP | Pepsico Inc | 股票-非循環性消費 | 1.09% | -0.20% | -0.40% | |
| 38 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 1.08% | +0.50% | +5415.72% | |
| 39 | T | At&t Inc | 股票-通訊服務 | 1.01% | -0.74% | +3242.29% | |
| 40 | HON | Honeywell International Inc | 股票-工業 | 0.94% | -1.19% | EXIT | |
| 41 | FNMA F PERP O債券 | Fannie Mae | 債券 | 0.89% | -0.10% | — | |
| 42 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 0.88% | +0.20% | +1.08% | |
| 43 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.86% | -0.05% | +0.15% | |
| 44 | SYK | Stryker CORP | 股票-醫療保健 | 0.78% | -0.01% | -1.75% | |
| 45 | HSY | Hershey Co/the | 股票-非循環性消費 | 0.77% | -0.19% | -10.25% | |
| 46 | HD | Home Depot Inc | 股票-循環性消費 | 0.72% | +0.10% | -1.34% | |
| 47 | AMGN | Amgen Inc | 股票-醫療保健 | 0.71% | -0.05% | -0.55% | |
| 48 | FNMA 5.375 PERP債券 | Fannie Mae | 債券 | 0.69% | -0.16% | — | |
| 49 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.68% | -0.12% | -1.96% | |
| 50 | BIL | Ss Spdr Bb 1-3m T-bill ETF | ETF-政府公債 | 0.65% | -0.35% | -24.23% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | FBK | Fb Financial CORP | +1.2% | +3756.68% | 加碼 |
| 2 | ORCL | Oracle CORP | +1% | -1.29% | 加碼 |
| 3 | UNH | Unitedhealth Group Inc | +1% | +5415.72% | 加碼 |
| 4 | T | At&t Inc | +1% | +3242.29% | 加碼 |
| 5 | NEE | Nextera Energy Inc | +0.9% | +1.75% | 加碼 |
| 6 | LUMN | Lumen Technologies Inc | +0.6% | +22.57% | 加碼 |
| 7 | GLW | Corning Inc | +0.4% | -0.64% | 加碼 |
| 8 | GEV | GE Vernova Inc | +0.3% | -5.05% | 減碼 |
| 9 | PLTR | Palantir Technologies Inc-a | +0.2% | -21.70% | 減碼 |
| 10 | UPS | United Parcel Service-cl B | +0.1% | +9.74% | 加碼 |
| 11 | TSM | Taiwan Semiconductor-sp Adr | +0.1% | -2.74% | 減碼 |
| 12 | GOOGL | Alphabet Inc-cl A | -0.1% | +1.08% | 減碼 |
| 13 | GNRC | Generac Holdings Inc | -0.1% | -1.15% | 加碼 |
| 14 | WSM | Williams-sonoma Inc | -0.1% | -2.54% | 減碼 |
| 15 | GE | General Electric | -0.2% | -2.17% | 減碼 |
| 16 | MCHI | Ishares Msci China ETF | -0.2% | -0.54% | 加碼 |
| 17 | RSP | Invesco S&p 500 Equal Weight | -0.2% | +0.42% | 加碼 |
| 18 | XOM | Exxon Mobil CORP | -0.2% | -74.55% | 減碼 |
| 19 | DHI | Dr Horton Inc | -0.3% | -0.04% | 減碼 |
| 20 | MRK | Merck & Co. Inc. | -0.4% | +0.14% | 加碼 |
| 21 | SONY | Sony Group CORP - Sp Adr | -0.4% | -2.49% | 減碼 |
| 22 | MSFT | Microsoft CORP | -0.5% | -0.83% | 減碼 |
| 23 | AMZN | Amazon.com Inc | -0.5% | -1.27% | 減碼 |
| 24 | COST | Costco Wholesale CORP | -0.5% | -1.96% | 減碼 |
| 25 | AAPL | Apple Inc | -0.6% | -1.68% | 減碼 |
| 26 | BAC | Bank Of America CORP | -0.6% | -2.54% | 減碼 |
| 27 | DUK | Duke Energy CORP | -0.8% | -0.68% | 加碼 |
| 28 | JNJ | Johnson & Johnson | -0.9% | +0.04% | 減碼 |
| 29 | EQIX | Equinix Inc | -0.9% | -7.55% | 減碼 |
| 30 | GILD | Gilead Sciences Inc | -1.2% | -3.68% | 減碼 |
| 31 | NFLX | Netflix Inc | -1.4% | -15.61% | 減碼 |
| 32 | RTX | Rtx CORP | -1.8% | -1.89% | 減碼 |
| 33 | WMB | Williams Cos Inc | -1.8% | -1.95% | 減碼 |
| 34 | DOW | Dow Inc | -2% | -1.64% | 減碼 |
| 35 | BRK-B | Berkshire Hathaway Inc-cl B | -2.9% | -5.04% | 減碼 |
| 36 | FNMA F PERP P債券 | Fannie Mae | — | NEW | 新建倉 |
| 37 | FNMA 8.25 PERP T債券 | Fannie Mae | — | NEW | 新建倉 |
| 38 | FMCC 6.02 PERP X債券 | Freddie Mac | — | NEW | 新建倉 |
| 39 | FNMA V8.25 PERP S債券 | Fannie Mae | — | NEW | 新建倉 |
| 40 | FMCC V8.375 PERP Z債券 | Freddie Mac | — | NEW | 新建倉 |
| 41 | CEG | Constellation Energy | — | NEW | 新建倉 |
| 42 | SNA | Snap-on Inc | — | EXIT | 清倉 |
| 43 | DVN | Devon Energy CORP | — | EXIT | 清倉 |
| 44 | FNMA F PERP O債券 | Fannie Mae | — | NEW | 新建倉 |
| 45 | FNMA 5.375 PERP債券 | Fannie Mae | — | NEW | 新建倉 |
| 46 | FTNT | Fortinet Inc | — | EXIT | 清倉 |
| 47 | FMCC F PERP S債券 | Freddie Mac | — | NEW | 新建倉 |
| 48 | DOCU | Docusign Inc | — | NEW | 新建倉 |
| 49 | FMCC 0 PERP M債券 | Freddie Mac | — | NEW | 新建倉 |
| 50 | FNMA V0 PERP +F債券 | Fannie Mae | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，CapWealth Advisors, LLC 在 Q3 2025 季度的美股持倉總市值約為 US$14.6億，共申報了 121 個公開持股部位。
在 Q3 2025 季度，CapWealth Advisors, LLC 按市值排列的前三大核心持股分別為：FNMA F PERP P (6.7%)、FNMA 8.25 PERP T (6.5%)、PLTR (4.0%)。其中最大持股部位 FNMA F PERP P 佔據整體投資組合約 6.7% 的權重。
在 Q3 2025 季度中，CapWealth Advisors, LLC 共進行了 50 項持倉異動，包含新建倉 12 個部位、加碼 13 個部位、減碼 22 個部位以及清倉 3 個部位。 其中最大新建倉標的為 FNMA F PERP P。 本季清倉部位包含 SNA。
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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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。
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。