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: 0000931097
申報總市值
US$12.9億
US$12.9億
93 檔
13.8%
在 Q3 2025 的 13F 官方備案中，Ccm Investment Advisers LLC 管理的美股投資組合規模來到 US$12.9億，整體持股檔數為 93 檔。
Ccm Investment Advisers LLC 於 Q3 2025 展現出進攻型調倉步調，本季推動了 26 檔股票的新建倉與 32 檔既有部位加碼，整體資金傾向擴大在美股市場的曝險佈局。
在資產配置集中度方面，Ccm Investment Advisers LLC 的前 5 大核心持股（包含 , AVGO, 等）合計佔整體申報市值的 13.8%，反映機構在主要關鍵部位上的權重分佈。
| # | 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 | ✓ | 股票-其他 | 3.99% | — | -12.61% | ||
| 2 | AVGO | Broadcom Inc | 股票-科技 | 3.56% | -0.32% | -6.80% | |
| 3 | ✓ | 股票-其他 | 3.52% | — | -2.72% | ||
| 4 | MSFT | Microsoft CORP | 股票-科技 | 3.32% | -0.23% | -5.42% | |
| 5 | AAPL | Apple Inc | 股票-科技 | 3.23% | -0.18% | +2.29% | |
| 6 | AMZN | Amazon.com Inc | 股票-循環性消費 | 3.12% | -0.10% | +1.71% | |
| 7 | JBL | Jabil Inc | 股票-科技 | 2.86% | +0.16% | -3.03% | |
| 8 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.74% | -0.35% | +0.73% | |
| 9 | ✓ | 股票-其他 | 2.70% | — | -24.84% | ||
| 10 | CAT | Caterpillar Inc | 股票-工業 | 2.60% | +0.30% | -0.67% | |
| 11 | ✓ | 股票-其他 | 2.39% | — | -1.37% | ||
| 12 | JPM | Jpmorgan Chase & Co | 股票-金融 | 2.37% | -0.18% | +1.64% | |
| 13 | ETN | Eaton Corporation plc | 股票-工業 | 2.26% | -0.04% | -2.81% | |
| 14 | HD | Home Depot Inc | 股票-循環性消費 | 2.23% | +0.02% | +4.73% | |
| 15 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 2.14% | -0.10% | -4.14% | |
| 16 | CSCO | Cisco Systems Inc | 股票-科技 | 2.14% | +0.40% | -0.93% | |
| 17 | AMAT | Applied Materials Inc | 股票-科技 | 2.08% | +1.61% | +1.92% | |
| 18 | WMT | Walmart Inc | 股票-非循環性消費 | 2.07% | -0.57% | +1.91% | |
| 19 | CRWD | Crowdstrike Holdings Inc - A | 股票-科技 | 1.86% | +0.80% | +0.06% | |
| 20 | ✓ | 股票-其他 | 1.85% | — | -0.44% | ||
| 21 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.69% | -0.19% | +5.60% | |
| 22 | ✓ | 股票-其他 | 1.68% | — | -9.32% | ||
| 23 | ✓ | 股票-其他 | 1.56% | — | +0.97% | ||
| 24 | ✓ | 股票-其他 | 1.55% | — | +1.41% | ||
| 25 | BAC | Bank Of America CORP | 股票-金融 | 1.53% | -0.62% | +1.38% | |
| 26 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 1.50% | -0.02% | +5.16% | |
| 27 | PEP | Pepsico Inc | 股票-非循環性消費 | 1.49% | -0.43% | +2.24% | |
| 28 | ✓ | 股票-其他 | 1.44% | — | -0.47% | ||
| 29 | DAL | Delta Air Lines Inc | 股票-工業 | 1.44% | -0.51% | -1.68% | |
| 30 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 1.43% | -0.19% | -4.65% | |
| 31 | SO | Southern Co/the | 股票-公用事業 | 1.38% | -0.24% | +1.98% | |
| 32 | ORCL | Oracle CORP | 股票-科技 | 1.38% | -0.05% | — | |
| 33 | ABT | Abbott Laboratories | 股票-醫療保健 | 1.37% | -0.23% | -6.53% | |
| 34 | ✓ | 股票-其他 | 1.37% | — | +2.04% | ||
| 35 | SHW | Sherwin-williams Co/the | 股票-原物料 | 1.35% | -0.04% | +1.11% | |
| 36 | FE | Firstenergy CORP | 股票-公用事業 | 1.34% | -0.73% | +1.03% | |
| 37 | ✓ | 股票-其他 | 1.33% | — | -6.88% | ||
| 38 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.32% | +0.17% | +1.12% | |
| 39 | ✓ | 股票-其他 | 1.30% | — | -6.19% | ||
| 40 | PSX | Phillips 66 | 股票-能源 | 1.26% | -0.60% | +4.43% | |
| 41 | ✓ | 股票-其他 | 1.22% | — | +1.43% | ||
| 42 | KLAC | Kla CORP | 股票-科技 | 1.19% | +1.14% | — | |
| 43 | LMT | Lockheed Martin CORP | 股票-工業 | 1.17% | -0.24% | +33.92% | |
| 44 | MDT | Medtronic plc | 股票-醫療保健 | 1.16% | -0.15% | +33.41% | |
| 45 | FCX | Freeport-mcmoran Inc | 股票-原物料 | 1.14% | -0.17% | +6.12% | |
| 46 | CVX | Chevron CORP | 股票-能源 | 1.12% | -0.48% | +0.73% | |
| 47 | AMD | Advanced Micro Devices | 股票-科技 | 1.10% | +1.29% | — | |
| 48 | ✓ | 股票-其他 | 1.09% | — | -4.41% | ||
| 49 | DIS | Walt Disney Co/the | 股票-通訊服務 | 1.09% | -0.08% | +1.04% | |
| 50 | ✓ | 股票-其他 | 1.00% | — | -2.83% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | ✓ | +1.1% | -24.84% | 減碼 | |
| 2 | AVGO | Broadcom Inc | +1.1% | -6.80% | 減碼 |
| 3 | ✓ | +0.7% | -2.72% | 減碼 | |
| 4 | ✓ | +0.6% | -12.61% | 減碼 | |
| 5 | ✓ | +0.5% | -0.44% | 加碼 | |
| 6 | JBL | Jabil Inc | +0.5% | -3.03% | 減碼 |
| 7 | CAT | Caterpillar Inc | +0.4% | -0.67% | 減碼 |
| 8 | AMAT | Applied Materials Inc | +0.3% | +1.92% | 加碼 |
| 9 | ETN | Eaton Corporation plc | +0.2% | -2.81% | 減碼 |
| 10 | LRCX | Lam Research CORP | +0.2% | -5.23% | 減碼 |
| 11 | CRWD | Crowdstrike Holdings Inc - A | +0.2% | +0.06% | 減碼 |
| 12 | DAL | Delta Air Lines Inc | +0.2% | -1.68% | 加碼 |
| 13 | JPM | Jpmorgan Chase & Co | +0.1% | +1.64% | 加碼 |
| 14 | BAC | Bank Of America CORP | +0.1% | +1.38% | 加碼 |
| 15 | ✓ | +0.1% | -0.47% | 減碼 | |
| 16 | META | Meta Platforms Inc-class A | +0.1% | +0.73% | 加碼 |
| 17 | MSFT | Microsoft CORP | +0.1% | -5.42% | 減碼 |
| 18 | ✓ | 0% | -6.88% | 減碼 | |
| 19 | IBIT | Ishares Bitcoin Trust ETF | 0% | — | 不變 |
| 20 | SPY | Ss Spdr S&p 500 ETF Trust-us | — | +6.08% | 加碼 |
| 21 | USB 4 PERP M債券 | US Bancorp | — | — | 不變 |
| 22 | ✓ | — | — | 不變 | |
| 23 | BAC 4.375 PERP NN債券 | Bank Of America CORP | — | — | 不變 |
| 24 | LOW | Lowe's Cos Inc | 0% | -0.21% | 減碼 |
| 25 | ✓ | 0% | +1.40% | 加碼 | |
| 26 | ALL | Allstate CORP | 0% | — | 不變 |
| 27 | ✓ | 0% | — | 不變 | |
| 28 | APO V7.625 09-15-53債券 | Apollo Global Management | 0% | — | 不變 |
| 29 | ✓ | 0% | -1.37% | 減碼 | |
| 30 | ✓ | 0% | +10.98% | 加碼 | |
| 31 | SPG | Simon Property Group Inc | 0% | -2.21% | 減碼 |
| 32 | ORLY | O'reilly Automotive Inc | 0% | -0.96% | 加碼 |
| 33 | TJX | Tjx Companies Inc | 0% | -1.35% | 減碼 |
| 34 | DIS | Walt Disney Co/the | 0% | +1.04% | 加碼 |
| 35 | AMT | American Tower CORP | 0% | -5.17% | 減碼 |
| 36 | WMT | Walmart Inc | -0.1% | +1.91% | 加碼 |
| 37 | ✓ | -0.1% | +0.97% | 加碼 | |
| 38 | HD | Home Depot Inc | -0.1% | +4.73% | 加碼 |
| 39 | PSX | Phillips 66 | -0.1% | +4.43% | 加碼 |
| 40 | ADBE | Adobe Inc | -0.1% | +3.42% | 減碼 |
| 41 | FE | Firstenergy CORP | -0.1% | +1.03% | 加碼 |
| 42 | FCX | Freeport-mcmoran Inc | -0.1% | +6.12% | 加碼 |
| 43 | AMZN | Amazon.com Inc | -0.2% | +1.71% | 加碼 |
| 44 | PEP | Pepsico Inc | -0.2% | +2.24% | 加碼 |
| 45 | AAPL | Apple Inc | -0.2% | +2.29% | 加碼 |
| 46 | PG | Procter & Gamble Co/the | -0.2% | +5.16% | 加碼 |
| 47 | SO | Southern Co/the | -0.2% | +1.98% | 加碼 |
| 48 | ✓ | -0.2% | +1.43% | 加碼 | |
| 49 | CSCO | Cisco Systems Inc | -0.3% | -0.93% | 減碼 |
| 50 | LLY | Eli Lilly & Co | -0.3% | +1.12% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Ccm Investment Advisers LLC 在 Q3 2025 季度的美股持倉總市值約為 US$12.9億，共申報了 93 個公開持股部位。
在 Q3 2025 季度，Ccm Investment Advisers LLC 按市值排列的前三大核心持股分別為： (4.0%)、AVGO (3.6%)、 (3.5%)。其中最大持股部位 佔據整體投資組合約 4.0% 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
ORCL
市值: US$1399.4萬
本季最大獲利了結 / 清倉標的
OMC
前期市值: US$42.4萬
在 Q3 2025 季度中，Ccm Investment Advisers LLC 共進行了 89 項持倉異動，包含新建倉 26 個部位、加碼 32 個部位、減碼 28 個部位以及清倉 3 個部位。 其中最大新建倉標的為 ORCL。 本季清倉部位包含 OMC。
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。