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: 0002035512
申報總市值
US$2.7億
US$2.7億
165 檔
31.9%
根據最新整理的 13F 季度數據集，Cascades Capital Asset Management, LLC 於 Q4 2025 結束時的管理資產規模為 US$2.7億。該機構在本季度申報了 165 檔美股持倉，呈現出該時期的主要投資地圖。
Cascades Capital Asset Management, LLC 在 Q4 2025 進行了結構性的板塊輪動與部位換股。在開立 19 個全新部位及加碼 57 檔持股的同時，亦同步清倉 8 檔並減碼 57 檔標的。
整體而言，Cascades Capital Asset Management, LLC 的前 5 大持股（包含 VIG, VOO, VOOV）貢獻了組合市值的 31.9%，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 | VIG | Vanguard Dividend Apprec ETF | ETF-其他 | 10.27% | +0.16% | +11.57% | |
| 2 | VOO | Vanguard S&p 500 ETF | ETF-大型股與成長 | 9.74% | +0.61% | -0.02% | |
| 3 | VOOV | Vanguard S&p 500 Value ETF | ETF-大型股與成長 | 5.64% | -0.36% | -0.89% | |
| 4 | MSFT | Microsoft CORP | 股票-科技 | 5.48% | -0.67% | +1.25% | |
| 5 | AAPL | Apple Inc | 股票-科技 | 4.95% | -0.04% | -1.25% | |
| 6 | NVDA | Nvidia CORP | 股票-科技 | 4.31% | -0.17% | -1.03% | |
| 7 | VUG | Vanguard Growth ETF | ETF-其他 | 3.19% | +0.13% | +10.31% | |
| 8 | VTV | Vanguard Value ETF | ETF-其他 | 2.73% | +1.02% | +81.25% | |
| 9 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 2.53% | +0.17% | -7.26% | |
| 10 | USFR | Wisdomtree Floating Rate Tre | ETF-其他 | 2.50% | -0.26% | -10.51% | |
| 11 | VO | Vanguard Mid-cap ETF | ETF-其他 | 2.42% | +0.05% | +10.80% | |
| 12 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 1.92% | +0.03% | +0.06% | |
| 13 | IEI | Ishares 3-7 Year Treasury Bo | ETF-政府公債 | 1.73% | -0.25% | +11.87% | |
| 14 | VIGI | Vanguard Int Div App Indx Fd | ETF-其他 | 1.44% | -0.56% | -11.58% | |
| 15 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.26% | +0.11% | -3.62% | |
| 16 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.20% | -0.27% | +14.27% | |
| 17 | FNDX | Schwab Fndmntl US Lrg Co ETF | ETF-其他 | 1.17% | -0.02% | +5.37% | |
| 18 | ✓ | Powershares Qqq Trust Ser 1 | 股票-其他 | 1.17% | +0.31% | +1.07% | |
| 19 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 1.07% | +0.31% | +0.01% | |
| 20 | SCHI | Schwab 5-10 Year Corporate B | ETF-投資等級公司債 | 0.98% | -0.09% | +112.50% | |
| 21 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.95% | -0.07% | -8.20% | |
| 22 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.93% | -0.01% | +6.90% | |
| 23 | V | Visa Inc-class A Shares | 股票-金融 | 0.91% | -0.02% | -1.24% | |
| 24 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.80% | -0.21% | -3.88% | |
| 25 | JPM 6 PERP EE債券 | Jpmorgan Chase & Co | 債券 | 0.76% | -0.21% | -1.39% | |
| 26 | FBNC | First Bancorp/nc | 股票-其他 | 0.74% | — | -0.71% | |
| 27 | FLOT | Ishares Floating Rate Bond E | ETF-其他 | 0.71% | -0.11% | +34.88% | |
| 28 | VGT | Vanguard Info Tech ETF | ETF-科技型 | 0.67% | +0.13% | +32.15% | |
| 29 | XOM | Exxon Mobil CORP | 股票-能源 | 0.67% | -0.33% | -15.57% | |
| 30 | PSFF | Pacer Swan Sos Fund Of Funds | ETF-其他 | 0.66% | -0.05% | -7.18% | |
| 31 | AMZN | Amazon.com Inc | 股票-循環性消費 | 0.65% | -0.03% | -5.14% | |
| 32 | BAC 6 PERP GG債券 | Bank Of America CORP | 債券 | 0.64% | -0.19% | +8.06% | |
| 33 | GLD | Spdr Gold Shares | ETF-避險與商品 | 0.62% | -0.48% | +63.71% | |
| 34 | IEF | Ishares 7-10 Year Treasury B | ETF-政府公債 | 0.60% | -0.11% | +45.92% | |
| 35 | DUK | Duke Energy CORP | 股票-公用事業 | 0.56% | +0.04% | -10.58% | |
| 36 | HD | Home Depot Inc | 股票-循環性消費 | 0.55% | -0.04% | -17.49% | |
| 37 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.55% | +0.01% | +0.28% | |
| 38 | OAKM | Oakmark US Large Cap ETF | ETF-大型股與成長 | 0.53% | -0.07% | +60.25% | |
| 39 | LMT | Lockheed Martin CORP | 股票-工業 | 0.51% | -0.21% | -3.98% | |
| 40 | CAT | Caterpillar Inc | 股票-工業 | 0.50% | +0.18% | -2.38% | |
| 41 | LRGE | Clearbridge Large Cap Growth | ETF-大型股與成長 | 0.50% | -0.01% | -6.54% | |
| 42 | FDS | Factset Research Systems Inc | 股票-金融 | 0.49% | -0.03% | -6.83% | |
| 43 | SCHD | Schwab U.S. Dividend Equity ETF | ETF-其他 | 0.48% | -0.05% | -43.67% | |
| 44 | ✓ | Raytheon Company | 股票-其他 | 0.48% | -0.08% | +0.16% | |
| 45 | PPI | Astoria Real Assets ETF | ETF-其他 | 0.48% | +0.14% | +49.09% | |
| 46 | JEPI | Jpmorgan Equity Premium Inco | ETF-其他 | 0.45% | -0.02% | -14.94% | |
| 47 | DGRO | Ishares Core Dividend Growth | ETF-其他 | 0.44% | -0.02% | +10.44% | |
| 48 | SMHUSD | Market Vectors Semiconductor | ETF-其他 | 0.42% | +0.09% | -0.39% | |
| 49 | XLI | Ss Industrial Select Sector | ETF-其他 | 0.42% | +0.13% | +31.96% | |
| 50 | BAC | Bank Of America CORP | 股票-金融 | 0.40% | -0.07% | -3.80% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | VTV | Vanguard Value ETF | +1.2% | +81.25% | 加碼 |
| 2 | VIG | Vanguard Dividend Apprec ETF | +0.8% | +11.57% | 加碼 |
| 3 | SCHI | Schwab 5-10 Year Corporate B | +0.5% | +112.50% | 加碼 |
| 4 | GOOGL | Alphabet Inc-cl A | +0.3% | -7.26% | 減碼 |
| 5 | LLY | Eli Lilly & Co | +0.3% | -3.62% | 減碼 |
| 6 | GLD | Spdr Gold Shares | +0.3% | +63.71% | 加碼 |
| 7 | VUG | Vanguard Growth ETF | +0.2% | +10.31% | 加碼 |
| 8 | OAKM | Oakmark US Large Cap ETF | +0.2% | +60.25% | 加碼 |
| 9 | IEF | Ishares 7-10 Year Treasury B | +0.2% | +45.92% | 加碼 |
| 10 | MU | Micron Technology Inc | +0.2% | +12.47% | 加碼 |
| 11 | FLOT | Ishares Floating Rate Bond E | +0.2% | +34.88% | 加碼 |
| 12 | PPI | Astoria Real Assets ETF | +0.2% | +49.09% | 加碼 |
| 13 | VGT | Vanguard Info Tech ETF | +0.1% | +32.15% | 加碼 |
| 14 | TSM | Taiwan Semiconductor-sp Adr | +0.1% | +55.82% | 加碼 |
| 15 | VO | Vanguard Mid-cap ETF | +0.1% | +10.80% | 加碼 |
| 16 | IEI | Ishares 3-7 Year Treasury Bo | +0.1% | +11.87% | 加碼 |
| 17 | XLI | Ss Industrial Select Sector | +0.1% | +31.96% | 加碼 |
| 18 | BINC | Ishares Flex I A Etf-usd Inc | +0.1% | +100.35% | 加碼 |
| 19 | CRM | Salesforce Inc | +0.1% | +39.75% | 加碼 |
| 20 | XLU | St Sr Utl Sl Se Spdr Etf-usd | +0.1% | +230.20% | 加碼 |
| 21 | DUK 5.75 PERP A債券 | Duke Energy CORP | +0.1% | +66.75% | 加碼 |
| 22 | CAT | Caterpillar Inc | +0.1% | -2.38% | 減碼 |
| 23 | AVGO | Broadcom Inc | +0.1% | +19.34% | 加碼 |
| 24 | FNDX | Schwab Fndmntl US Lrg Co ETF | 0% | +5.37% | 加碼 |
| 25 | FCX | Freeport-mcmoran Inc | 0% | -2.36% | 減碼 |
| 26 | WFC | Wells Fargo & Co | 0% | +15.37% | 加碼 |
| 27 | JPM | Jpmorgan Chase & Co | 0% | +6.90% | 加碼 |
| 28 | DGRO | Ishares Core Dividend Growth | 0% | +10.44% | 加碼 |
| 29 | PH | Parker Hannifin CORP | 0% | — | 不變 |
| 30 | NUE | Nucor CORP | 0% | — | 不變 |
| 31 | ✓ | Raytheon Company | 0% | +0.16% | 加碼 |
| 32 | AMGN | Amgen Inc | 0% | +0.37% | 加碼 |
| 33 | SMHUSD | Market Vectors Semiconductor | 0% | -0.39% | 減碼 |
| 34 | JNJ | Johnson & Johnson | 0% | +0.30% | 加碼 |
| 35 | ✓ | 0% | +20.94% | 加碼 | |
| 36 | MRK | Merck & Co. Inc. | 0% | +0.17% | 加碼 |
| 37 | BA | Boeing Co/the | 0% | +25.00% | 加碼 |
| 38 | QQQM | Invesco Nasdaq 100 ETF | 0% | +37.29% | 加碼 |
| 39 | BADEUR | Badger Daylighting LTD | 0% | — | 不變 |
| 40 | AAPL | Apple Inc | 0% | -1.25% | 減碼 |
| 41 | BAC 6 PERP GG債券 | Bank Of America CORP | 0% | +8.06% | 加碼 |
| 42 | CSCO | Cisco Systems Inc | 0% | -1.35% | 減碼 |
| 43 | GEV | GE Vernova Inc | 0% | +11.60% | 加碼 |
| 44 | MKL | Markel Group Inc | 0% | — | 不變 |
| 45 | NEM | Newmont CORP | 0% | — | 不變 |
| 46 | PLTR | Palantir Technologies Inc-a | 0% | +13.23% | 加碼 |
| 47 | CMI | Cummins Inc | 0% | — | 不變 |
| 48 | INTC | Intel CORP | 0% | — | 不變 |
| 49 | CB | Chubb Limited | 0% | — | 不變 |
| 50 | GLW | Corning Inc | 0% | — | 不變 |
根據 SEC 官方 Form 13F 申報備案，Cascades Capital Asset Management, LLC 在 Q4 2025 季度的美股持倉總市值約為 US$2.7億，共申報了 165 個公開持股部位。
在 Q4 2025 季度，Cascades Capital Asset Management, LLC 按市值排列的前三大核心持股分別為：VIG (10.3%)、VOO (9.7%)、VOOV (5.6%)。其中最大持股部位 VIG 佔據整體投資組合約 10.3% 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
FEZ
市值: US$64.4萬
本季最大獲利了結 / 清倉標的
IBIT
前期市值: US$38.1萬
在 Q4 2025 季度中，Cascades Capital Asset Management, LLC 共進行了 141 項持倉異動，包含新建倉 19 個部位、加碼 57 個部位、減碼 57 個部位以及清倉 8 個部位。 其中最大新建倉標的為 FEZ。 本季清倉部位包含 IBIT。
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。