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
120 檔
23.1%
根據最新整理的 13F 季度數據集，CapWealth Advisors, LLC 於 Q4 2025 結束時的管理資產規模為 US$14.6億。該機構在本季度申報了 120 檔美股持倉，呈現出該時期的主要投資地圖。
觀察 Q4 2025 的申報異動，CapWealth Advisors, LLC 採取了強勁的買進策略，建倉與加碼動作（合計 31 筆）涵蓋多個核心板塊，展現機構對特定產業前景之樂觀態度。
整體而言，CapWealth Advisors, LLC 的前 5 大持股（包含 FNMA F PERP P, FNMA 8.25 PERP T, LUMN）貢獻了組合市值的 23.1%，形成該機構在 Q4 2025 季度的基本面基石。
| # | 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 | 7.20% | -0.29% | +10.12% | |
| 2 | FNMA 8.25 PERP T債券 | Fannie Mae | 債券 | 5.54% | -0.79% | -4.03% | |
| 3 | LUMN | Lumen Technologies Inc | 股票-通訊服務 | 3.56% | +0.13% | +11.76% | |
| 4 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 3.53% | -0.43% | -9.50% | |
| 5 | WMB | Williams Cos Inc | 股票-能源 | 3.19% | -0.24% | -0.44% | |
| 6 | MSFT | Microsoft CORP | 股票-科技 | 2.94% | -0.10% | -3.48% | |
| 7 | GLW | Corning Inc | 股票-科技 | 2.85% | +2.62% | +0.74% | |
| 8 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 2.71% | -0.07% | -0.22% | |
| 9 | FMCC 6.02 PERP X債券 | Freddie Mac | 債券 | 2.62% | -0.33% | +0.10% | |
| 10 | IBM | Intl Business Machines CORP | 股票-科技 | 2.47% | +0.21% | +1.81% | |
| 11 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 2.37% | -0.01% | +0.72% | |
| 12 | FNMA V8.25 PERP S債券 | Fannie Mae | 債券 | 2.28% | -0.28% | -0.57% | |
| 13 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 2.20% | +0.50% | -2.84% | |
| 14 | GE | General Electric | 股票-工業 | 2.14% | +0.48% | +0.18% | |
| 15 | GILD | Gilead Sciences Inc | 股票-醫療保健 | 2.05% | -0.40% | +0.41% | |
| 16 | GEV | GE Vernova Inc | 股票-工業 | 2.04% | +0.29% | -0.04% | |
| 17 | BAC | Bank Of America CORP | 股票-金融 | 2.02% | +0.14% | -0.37% | |
| 18 | RTX | Rtx CORP | 股票-工業 | 2.01% | -0.19% | -4.21% | |
| 19 | CVX | Chevron CORP | 股票-能源 | 2.00% | -0.74% | -0.03% | |
| 20 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.98% | -0.10% | +0.45% | |
| 21 | FMCC V8.375 PERP Z債券 | Freddie Mac | 債券 | 1.94% | -0.27% | -4.41% | |
| 22 | CVS | Cvs Health CORP | 股票-醫療保健 | 1.78% | +0.67% | +2.96% | |
| 23 | DUK | Duke Energy CORP | 股票-公用事業 | 1.68% | -0.17% | +1.38% | |
| 24 | DHI | Dr Horton Inc | 股票-循環性消費 | 1.56% | +0.18% | -1.37% | |
| 25 | UPS | United Parcel Service-cl B | 股票-工業 | 1.51% | +0.05% | +2.90% | |
| 26 | NEE | Nextera Energy Inc | 股票-公用事業 | 1.47% | +0.29% | +0.81% | |
| 27 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.42% | +0.12% | +0.88% | |
| 28 | AAPL | Apple Inc | 股票-科技 | 1.39% | +0.02% | -0.65% | |
| 29 | CEG | Constellation Energy | 股票-公用事業 | 1.34% | -0.18% | +0.59% | |
| 30 | FBK | Fb Financial CORP | 股票-其他 | 1.32% | -0.02% | +4.29% | |
| 31 | DOW | Dow Inc | 股票-原物料 | 1.31% | -0.96% | +2.33% | |
| 32 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.16% | +0.20% | +2.39% | |
| 33 | PEP | Pepsico Inc | 股票-非循環性消費 | 1.13% | -0.20% | +1.88% | |
| 34 | ORCL | Oracle CORP | 股票-科技 | 1.08% | -0.04% | +1.09% | |
| 35 | EQIX | Equinix Inc | 股票-房地產 | 1.07% | -0.01% | -9.79% | |
| 36 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 1.05% | +0.50% | +2.10% | |
| 37 | SONY | Sony Group CORP - Sp Adr | 股票-科技 | 1.03% | -0.04% | +6.26% | |
| 38 | REMX | Vaneck Rar Earth Nd Stg-usdi | ETF-其他 | 0.99% | -0.08% | — | |
| 39 | NFLX | Netflix Inc | 股票-通訊服務 | 0.97% | -0.02% | +806.82% | |
| 40 | T | At&t Inc | 股票-通訊服務 | 0.95% | -0.74% | +7.59% | |
| 41 | VZ | Verizon Communications Inc | 股票-通訊服務 | 0.94% | -0.02% | EXIT | |
| 42 | HON | Honeywell International Inc | 股票-工業 | 0.93% | -1.19% | EXIT | |
| 43 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.91% | -0.05% | +1.79% | |
| 44 | SYK | Stryker CORP | 股票-醫療保健 | 0.87% | -0.01% | +18.22% | |
| 45 | AMGN | Amgen Inc | 股票-醫療保健 | 0.85% | -0.05% | +3.53% | |
| 46 | FNMA F PERP O債券 | Fannie Mae | 債券 | 0.80% | -0.10% | +0.46% | |
| 47 | BIL | Ss Spdr Bb 1-3m T-bill ETF | ETF-政府公債 | 0.77% | -0.35% | +19.12% | |
| 48 | HSY | Hershey Co/the | 股票-非循環性消費 | 0.72% | -0.19% | -4.31% | |
| 49 | HD | Home Depot Inc | 股票-循環性消費 | 0.65% | +0.10% | +5.80% | |
| 50 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.63% | -0.12% | -0.73% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | LUMN | Lumen Technologies Inc | +1% | +11.76% | 加碼 |
| 2 | FNMA F PERP P債券 | Fannie Mae | +0.6% | +10.12% | 加碼 |
| 3 | MRK | Merck & Co. Inc. | +0.5% | +0.72% | 加碼 |
| 4 | GOOGL | Alphabet Inc-cl A | +0.3% | +2.39% | 加碼 |
| 5 | UPS | United Parcel Service-cl B | +0.3% | +2.90% | 加碼 |
| 6 | JNJ | Johnson & Johnson | +0.2% | +0.45% | 加碼 |
| 7 | GILD | Gilead Sciences Inc | +0.2% | +0.41% | 加碼 |
| 8 | GLW | Corning Inc | +0.2% | +0.74% | 加碼 |
| 9 | IBM | Intl Business Machines CORP | +0.2% | +1.81% | 加碼 |
| 10 | AMGN | Amgen Inc | +0.1% | +3.53% | 加碼 |
| 11 | CVS | Cvs Health CORP | +0.1% | +2.96% | 加碼 |
| 12 | BIL | Ss Spdr Bb 1-3m T-bill ETF | +0.1% | +19.12% | 加碼 |
| 13 | GEV | GE Vernova Inc | +0.1% | -0.04% | 減碼 |
| 14 | TSM | Taiwan Semiconductor-sp Adr | +0.1% | -2.84% | 減碼 |
| 15 | BAC | Bank Of America CORP | +0.1% | -0.37% | 減碼 |
| 16 | NEE | Nextera Energy Inc | +0.1% | +0.81% | 加碼 |
| 17 | CEG | Constellation Energy | +0.1% | +0.59% | 加碼 |
| 18 | SYK | Stryker CORP | +0.1% | +18.22% | 加碼 |
| 19 | RTX | Rtx CORP | +0.1% | -4.21% | 減碼 |
| 20 | DOCU | Docusign Inc | +0.1% | +26.98% | 加碼 |
| 21 | AMZN | Amazon.com Inc | +0.1% | +0.88% | 加碼 |
| 22 | AAPL | Apple Inc | +0.1% | -0.65% | 減碼 |
| 23 | KO | Coca-cola Co/the | +0.1% | +1.79% | 加碼 |
| 24 | FBK | Fb Financial CORP | +0.1% | +4.29% | 加碼 |
| 25 | DOW | Dow Inc | +0.1% | +2.33% | 加碼 |
| 26 | GE | General Electric | 0% | +0.18% | 加碼 |
| 27 | T | At&t Inc | -0.1% | +7.59% | 加碼 |
| 28 | HD | Home Depot Inc | -0.1% | +5.80% | 加碼 |
| 29 | FNMA 5.375 PERP債券 | Fannie Mae | -0.1% | — | 不變 |
| 30 | SONY | Sony Group CORP - Sp Adr | -0.1% | +6.26% | 加碼 |
| 31 | DUK | Duke Energy CORP | -0.1% | +1.38% | 加碼 |
| 32 | FNMA F PERP O債券 | Fannie Mae | -0.1% | +0.46% | 加碼 |
| 33 | GNRC | Generac Holdings Inc | -0.1% | -0.61% | 減碼 |
| 34 | TSCO | Tractor Supply Company | -0.1% | -5.61% | 減碼 |
| 35 | EQIX | Equinix Inc | -0.2% | -9.79% | 減碼 |
| 36 | WMB | Williams Cos Inc | -0.2% | -0.44% | 減碼 |
| 37 | FNMA V8.25 PERP S債券 | Fannie Mae | -0.2% | -0.57% | 減碼 |
| 38 | VZ | Verizon Communications Inc | -0.3% | -14.31% | 減碼 |
| 39 | FMCC V8.375 PERP Z債券 | Freddie Mac | -0.3% | -4.41% | 減碼 |
| 40 | DHI | Dr Horton Inc | -0.3% | -1.37% | 減碼 |
| 41 | MSFT | Microsoft CORP | -0.3% | -3.48% | 減碼 |
| 42 | FMCC 6.02 PERP X債券 | Freddie Mac | -0.4% | +0.10% | 加碼 |
| 43 | NFLX | Netflix Inc | -0.4% | +806.82% | 加碼 |
| 44 | ORCL | Oracle CORP | -0.5% | +1.09% | 加碼 |
| 45 | PLTR | Palantir Technologies Inc-a | -0.5% | -9.50% | 減碼 |
| 46 | FNMA 8.25 PERP T債券 | Fannie Mae | -1% | -4.03% | 減碼 |
| 47 | REMX | Vaneck Rar Earth Nd Stg-usdi | — | NEW | 新建倉 |
| 48 | WSM | Williams-sonoma Inc | — | EXIT | 清倉 |
| 49 | SOLS | Solstice Adv Materials Inc | — | NEW | 新建倉 |
| 50 | PNW | Pinnacle West Capital Corporation | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，CapWealth Advisors, LLC 在 Q4 2025 季度的美股持倉總市值約為 US$14.6億，共申報了 120 個公開持股部位。
在 Q4 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 (7.2%)、FNMA 8.25 PERP T (5.5%)、LUMN (3.6%)。其中最大持股部位 FNMA F PERP P 佔據整體投資組合約 7.2% 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
REMX
市值: US$1441.5萬
本季最大獲利了結 / 清倉標的
WSM
前期市值: US$576.8萬
在 Q4 2025 季度中，CapWealth Advisors, LLC 共進行了 49 項持倉異動，包含新建倉 2 個部位、加碼 29 個部位、減碼 16 個部位以及清倉 2 個部位。 其中最大新建倉標的為 REMX。 本季清倉部位包含 WSM。
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。