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: 0001434845
申報總市值
US$8.3億
US$8.3億
128 檔
12.6%
截至 Q2 2025 季度末，Cardinal Capital Management 的美股持倉估值約為 US$8.3億，全數申報部位共有 128 檔。
觀察 Q2 2025 的申報異動，Cardinal Capital Management 採取了強勁的買進策略，建倉與加碼動作（合計 36 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，Cardinal Capital Management 的前 5 大持股（包含 MSFT, LLY, COST）貢獻了組合市值的 12.6%，形成該機構在 Q2 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 | MSFT | Microsoft CORP | 股票-科技 | 3.73% | -0.11% | +0.13% | |
| 2 | LLY | Eli Lilly & Co | 股票-醫療保健 | 3.20% | +0.67% | +0.32% | |
| 3 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 3.06% | -0.34% | -1.68% | |
| 4 | AAPL | Apple Inc | 股票-科技 | 2.64% | +0.18% | +4.75% | |
| 5 | JNJ | Johnson & Johnson | 股票-醫療保健 | 2.62% | -0.14% | +3.36% | |
| 6 | JPM | Jpmorgan Chase & Co | 股票-金融 | 2.54% | +0.08% | +7.95% | |
| 7 | WMT | Walmart Inc | 股票-非循環性消費 | 2.27% | -0.38% | -0.55% | |
| 8 | DE | Deere & Co | 股票-工業 | 2.10% | +0.09% | +1.40% | |
| 9 | ADP | Automatic Data Processing | 股票-科技 | 1.95% | +0.05% | +1.16% | |
| 10 | IBM | Intl Business Machines CORP | 股票-科技 | 1.92% | +0.12% | +0.84% | |
| 11 | BNY | Bank Of New York Mellon CORP | 股票-金融 | 1.89% | +0.28% | +0.82% | |
| 12 | XOM | Exxon Mobil CORP | 股票-能源 | 1.81% | -0.62% | +1.50% | |
| 13 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.75% | +0.37% | +0.91% | |
| 14 | EMR | Emerson Electric Co | 股票-工業 | 1.74% | +0.03% | +2.18% | |
| 15 | ECL | Ecolab Inc | 股票-原物料 | 1.70% | -0.03% | +1.74% | |
| 16 | CSCO | Cisco Systems Inc | 股票-科技 | 1.60% | +0.64% | +1.61% | |
| 17 | QCOM | Qualcomm Inc | 股票-科技 | 1.59% | +0.40% | +2.53% | |
| 18 | LOW | Lowe's Cos Inc | 股票-循環性消費 | 1.56% | -0.18% | +2.35% | |
| 19 | ITW | Illinois Tool Works | 股票-工業 | 1.56% | -0.04% | +2.33% | |
| 20 | LH | Labcorp Holdings Inc | 股票-醫療保健 | 1.46% | -0.03% | +3.13% | |
| 21 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 1.33% | -0.04% | +2.04% | |
| 22 | TFC | Truist Financial CORP | 股票-金融 | 1.30% | +0.01% | +3.27% | |
| 23 | A | Agilent Technologies Inc | 股票-醫療保健 | 1.27% | +0.10% | +4.60% | |
| 24 | NFG | National Fuel Gas Co | 股票-能源 | 1.24% | -0.28% | +3.03% | |
| 25 | SAP | Sap Se-sponsored Adr | 股票-科技 | 1.22% | -0.09% | -0.28% | |
| 26 | SBUX | Starbucks CORP | 股票-循環性消費 | 1.21% | +0.07% | +5.93% | |
| 27 | MMM | 3m Co | 股票-工業 | 1.19% | +0.04% | +4.08% | |
| 28 | COP | Conocophillips | 股票-能源 | 1.18% | -0.40% | +3.34% | |
| 29 | IDXX | Idexx Laboratories Inc | 股票-醫療保健 | 1.12% | -0.12% | +1.27% | |
| 30 | MKC | Mccormick & Co-non Vtg Shrs | 股票-非循環性消費 | 1.11% | +0.01% | +3.78% | |
| 31 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 1.09% | — | +5.63% | |
| 32 | HAS | Hasbro Inc | 股票-循環性消費 | 1.06% | -0.21% | +8.06% | |
| 33 | MDT | Medtronic plc | 股票-醫療保健 | 1.04% | -0.13% | +5.50% | |
| 34 | CMI | Cummins Inc | 股票-工業 | 1.03% | +0.34% | +2.28% | |
| 35 | GIS | General Mills Inc | 股票-非循環性消費 | 1.00% | -0.76% | +4.99% | |
| 36 | AGX | Argan Inc | 股票-工業 | 0.99% | -0.15% | -1.85% | |
| 37 | TROW | T Rowe Price Group Inc | 股票-金融 | 0.98% | +0.16% | +7.21% | |
| 38 | KEYS | Keysight Technologies In | 股票-科技 | 0.95% | -0.03% | +1.93% | |
| 39 | NVS | Novartis Ag-sponsored Adr | 股票-醫療保健 | 0.87% | -0.04% | +2.21% | |
| 40 | STT | State Street CORP | 股票-金融 | 0.86% | +0.23% | +1.75% | |
| 41 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.86% | — | +1.07% | |
| 42 | CW | Curtiss-wright CORP | 股票-工業 | 0.85% | +0.04% | -0.72% | |
| 43 | USLM | United States Lime & Mineral | 股票-其他 | 0.84% | -0.19% | -1.28% | |
| 44 | ODC | Oil-dri CORP Of America | 股票-其他 | 0.82% | +0.34% | -0.48% | |
| 45 | FFIV | F5 Inc | 股票-科技 | 0.80% | +0.26% | +0.68% | |
| 46 | BMI | Badger Meter Inc | 股票-科技 | 0.80% | -0.01% | -0.41% | |
| 47 | BDX | Becton Dickinson And Co | 股票-醫療保健 | 0.79% | -0.06% | +4.37% | |
| 48 | RY | Royal Bank Of Canada | 股票-金融 | 0.76% | +0.16% | +1.59% | |
| 49 | RJF | Raymond James Financial Inc | 股票-金融 | 0.73% | -0.01% | +0.70% | |
| 50 | VEEV | Veeva Systems Inc-class A | 股票-醫療保健 | 0.69% | -0.18% | +2.44% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | MSFT | Microsoft CORP | +0.8% | +0.13% | 加碼 |
| 2 | JPM | Jpmorgan Chase & Co | +0.4% | +7.95% | 加碼 |
| 3 | AGX | Argan Inc | +0.4% | -1.85% | 減碼 |
| 4 | EMR | Emerson Electric Co | +0.3% | +2.18% | 加碼 |
| 5 | CW | Curtiss-wright CORP | +0.3% | -0.72% | 減碼 |
| 6 | IBM | Intl Business Machines CORP | +0.2% | +0.84% | 加碼 |
| 7 | IDXX | Idexx Laboratories Inc | +0.2% | +1.27% | 加碼 |
| 8 | HAS | Hasbro Inc | +0.2% | +8.06% | 加碼 |
| 9 | GOOGL | Alphabet Inc-cl A | +0.1% | +0.91% | 加碼 |
| 10 | LH | Labcorp Holdings Inc | +0.1% | +3.13% | 加碼 |
| 11 | ODC | Oil-dri CORP Of America | +0.1% | -0.48% | 減碼 |
| 12 | BMI | Badger Meter Inc | +0.1% | -0.41% | 減碼 |
| 13 | CSCO | Cisco Systems Inc | +0.1% | +1.61% | 加碼 |
| 14 | DXCM | Dexcom Inc | +0.1% | +3.74% | 加碼 |
| 15 | VEEV | Veeva Systems Inc-class A | +0.1% | +2.44% | 加碼 |
| 16 | STT | State Street CORP | +0.1% | +1.75% | 加碼 |
| 17 | PAHC | Phibro Animal Health Corp-a | +0.1% | +28.83% | 加碼 |
| 18 | WMT | Walmart Inc | +0.1% | -0.55% | 減碼 |
| 19 | CACI | Caci International Inc -cl A | +0.1% | -1.19% | 減碼 |
| 20 | DE | Deere & Co | +0.1% | +1.40% | 加碼 |
| 21 | SAP | Sap Se-sponsored Adr | +0.1% | -0.28% | 減碼 |
| 22 | RY | Royal Bank Of Canada | +0.1% | +1.59% | 加碼 |
| 23 | BNY | Bank Of New York Mellon CORP | +0.1% | +0.82% | 加碼 |
| 24 | TD | Toronto-dominion Bank | +0.1% | +1.46% | 加碼 |
| 25 | MORN | Morningstar Inc | +0.1% | +12.31% | 加碼 |
| 26 | BNS | Bank Of Nova Scotia | +0.1% | +4.64% | 加碼 |
| 27 | NFG | National Fuel Gas Co | +0.1% | +3.03% | 加碼 |
| 28 | TROW | T Rowe Price Group Inc | +0.1% | +7.21% | 加碼 |
| 29 | KEYS | Keysight Technologies In | +0.1% | +1.93% | 加碼 |
| 30 | ECL | Ecolab Inc | 0% | +1.74% | 加碼 |
| 31 | USLM | United States Lime & Mineral | 0% | -1.28% | 減碼 |
| 32 | FFIV | F5 Inc | 0% | +0.68% | 加碼 |
| 33 | TFC | Truist Financial CORP | 0% | +3.27% | 加碼 |
| 34 | MMM | 3m Co | 0% | +4.08% | 加碼 |
| 35 | QCOM | Qualcomm Inc | 0% | +2.53% | 加碼 |
| 36 | COST | Costco Wholesale CORP | -0.1% | -1.68% | 減碼 |
| 37 | HLIO | Helios Technologies Inc | -0.1% | EXIT | 清倉 |
| 38 | REGN | Regeneron Pharmaceuticals | -0.2% | +3.48% | 加碼 |
| 39 | AMCR | Amcor plc | -0.2% | -89.36% | 減碼 |
| 40 | GIS | General Mills Inc | -0.2% | +4.99% | 加碼 |
| 41 | DOW | Dow Inc | -0.2% | EXIT | 清倉 |
| 42 | ESLT | Elbit Systems Ltd. | -0.2% | -33.61% | 減碼 |
| 43 | COP | Conocophillips | -0.2% | +3.34% | 加碼 |
| 44 | BMY | Bristol-myers Squibb Co | -0.2% | +3.50% | 加碼 |
| 45 | AAPL | Apple Inc | -0.2% | +4.75% | 加碼 |
| 46 | XOM | Exxon Mobil CORP | -0.3% | +1.50% | 加碼 |
| 47 | BDX | Becton Dickinson And Co | -0.3% | +4.37% | 加碼 |
| 48 | JNJ | Johnson & Johnson | -0.3% | +3.36% | 加碼 |
| 49 | PFE | Pfizer Inc | -0.4% | EXIT | 清倉 |
| 50 | LLY | Eli Lilly & Co | -0.4% | +0.32% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Cardinal Capital Management 在 Q2 2025 季度的美股持倉總市值約為 US$8.3億，共申報了 128 個公開持股部位。
在 Q2 2025 季度，Cardinal Capital Management 按市值排列的前三大核心持股分別為：MSFT (3.7%)、LLY (3.2%)、COST (3.1%)。其中最大持股部位 MSFT 佔據整體投資組合約 3.7% 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。
本季最大獲利了結 / 清倉標的
PFE
前期市值: US$240.9萬
在 Q2 2025 季度中，Cardinal Capital Management 共進行了 50 項持倉異動，包含新建倉 0 個部位、加碼 36 個部位、減碼 11 個部位以及清倉 3 個部位。 本季清倉部位包含 PFE。
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。