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: 0000726854
申報總市值
US$8.8億
US$8.8億
582 檔
15.8%
在 Q4 2025 的 13F 官方備案中，City Holding Co 管理的美股投資組合規模來到 US$8.8億，整體持股檔數為 582 檔。
在 Q4 2025，City Holding Co 進行了溫和的常態性持倉調整（包含新建倉 3 檔、加碼 23 檔、減碼 24 檔與清倉 0 檔），整體投資組合架構維持相對穩定。
從部位權重觀察，前 5 大標的（包含 GOOGL, CHCO, AAPL）累計市值佔比達 15.8%，是驅動 City Holding Co 該季度整體投資組合績效表現的核心支柱。
僅顯示前 200 大持股（共 582 檔）
| # | 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 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 3.83% | +0.37% | -8.03% | |
| 2 | CHCO | City Holding Co | 股票-其他 | 3.71% | -0.15% | -1.17% | |
| 3 | AAPL | Apple Inc | 股票-科技 | 3.35% | +0.05% | +0.38% | |
| 4 | LLY | Eli Lilly & Co | 股票-醫療保健 | 3.17% | +0.46% | +1.83% | |
| 5 | MSFT | Microsoft CORP | 股票-科技 | 3.16% | -0.20% | +0.82% | |
| 6 | WMT | Walmart Inc | 股票-非循環性消費 | 2.55% | -0.54% | -0.34% | |
| 7 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.40% | +0.14% | -3.52% | |
| 8 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.35% | -0.22% | -0.32% | |
| 9 | NVDA | Nvidia CORP | 股票-科技 | 2.28% | +0.11% | +1.77% | |
| 10 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.77% | +0.01% | +1.96% | |
| 11 | CAT | Caterpillar Inc | 股票-工業 | 1.47% | +0.52% | -0.61% | |
| 12 | WM | Waste Management Inc | 股票-工業 | 1.38% | -0.20% | +1.96% | |
| 13 | MA | Mastercard Inc - A | 股票-金融 | 1.32% | -0.11% | +0.11% | |
| 14 | ABBV | Abbvie Inc | 股票-醫療保健 | 1.27% | +0.02% | +4.36% | |
| 15 | LOW | Lowe's Cos Inc | 股票-循環性消費 | 1.26% | -0.20% | +0.34% | |
| 16 | RDVY | First Trust Rising Dividend | ETF-其他 | 1.17% | +0.22% | +3.57% | |
| 17 | V | Visa Inc-class A Shares | 股票-金融 | 1.16% | — | +0.34% | |
| 18 | XOM | Exxon Mobil CORP | 股票-能源 | 1.08% | -0.45% | -0.17% | |
| 19 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.06% | -0.07% | +0.97% | |
| 20 | DE | Deere & Co | 股票-工業 | 1.04% | -0.01% | -1.68% | |
| 21 | CMI | Cummins Inc | 股票-工業 | 1.02% | +0.17% | +1.65% | |
| 22 | VV | Vanguard Large-cap ETF | ETF-其他 | 1.01% | +0.21% | +7.16% | |
| 23 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.97% | -0.18% | +6.06% | |
| 24 | EFA | Ishares Msci Eafe ETF | ETF-其他 | 0.96% | -0.16% | +6.85% | |
| 25 | MS | Morgan Stanley | 股票-金融 | 0.93% | +0.11% | +4.58% | |
| 26 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.92% | -0.08% | -5.91% | |
| 27 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.90% | -0.01% | +2.69% | |
| 28 | IJH | Ishares Core S&p Midcap ETF | ETF-其他 | 0.89% | +0.09% | +5.95% | |
| 29 | IWF | Ishares Russell 1000 Growth | ETF-其他 | 0.87% | +0.02% | -12.54% | |
| 30 | TT | Trane Technologies plc | 股票-工業 | 0.84% | +0.07% | +5.38% | |
| 31 | IWR | Ishares Russell Mid-cap ETF | ETF-其他 | 0.83% | -0.01% | -0.55% | |
| 32 | HD | Home Depot Inc | 股票-循環性消費 | 0.82% | -0.07% | -1.84% | |
| 33 | SO | Southern Co/the | 股票-公用事業 | 0.82% | -0.13% | +0.35% | |
| 34 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 0.81% | +0.25% | +4.09% | |
| 35 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 0.78% | +0.02% | -0.73% | |
| 36 | NFLX | Netflix Inc | 股票-通訊服務 | 0.77% | -0.23% | +1163.07% | |
| 37 | IJR | Ishares Core S&p Small-cap E | ETF-中小型股 | 0.76% | +0.06% | +3.27% | |
| 38 | AFL | Aflac Inc | 股票-金融 | 0.76% | -0.04% | +1.12% | |
| 39 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.75% | -0.17% | +0.30% | |
| 40 | AVGO | Broadcom Inc | 股票-科技 | 0.75% | +0.17% | +113.07% | |
| 41 | CVX | Chevron CORP | 股票-能源 | 0.72% | -0.29% | +0.44% | |
| 42 | GLD | Spdr Gold Shares | ETF-避險與商品 | 0.68% | +0.08% | -1.65% | |
| 43 | LIN | Linde plc | 股票-原物料 | 0.68% | -0.02% | +3.46% | |
| 44 | ABT | Abbott Laboratories | 股票-醫療保健 | 0.67% | -0.12% | -1.61% | |
| 45 | EEM | Ishares Msci Emerging Market | ETF-新興市場 | 0.67% | -0.02% | +3.49% | |
| 46 | NEE | Nextera Energy Inc | 股票-公用事業 | 0.66% | -0.12% | +28.55% | |
| 47 | GMAR | Ft Vest US Equity Moderate B | ETF-其他 | 0.66% | -0.04% | -1.43% | |
| 48 | VTI | Vanguard Total Stock Mkt ETF | ETF-其他 | 0.64% | -0.02% | -1.02% | |
| 49 | VO | Vanguard Mid-cap ETF | ETF-其他 | 0.64% | +0.01% | +15.27% | |
| 50 | ORCL | Oracle CORP | 股票-科技 | 0.63% | -0.06% | -2.19% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | LLY | Eli Lilly & Co | +0.9% | +1.83% | 加碼 |
| 2 | GOOGL | Alphabet Inc-cl A | +0.5% | -8.03% | 減碼 |
| 3 | AVGO | Broadcom Inc | +0.4% | +113.07% | 加碼 |
| 4 | SPOT | Spotify Technology S.A. | +0.4% | +2515.89% | 加碼 |
| 5 | CAT | Caterpillar Inc | +0.2% | -0.61% | 減碼 |
| 6 | CMI | Cummins Inc | +0.2% | +1.65% | 加碼 |
| 7 | AAPL | Apple Inc | +0.2% | +0.38% | 加碼 |
| 8 | NEE | Nextera Energy Inc | +0.2% | +28.55% | 加碼 |
| 9 | WMT | Walmart Inc | +0.1% | -0.34% | 減碼 |
| 10 | MS | Morgan Stanley | +0.1% | +4.58% | 加碼 |
| 11 | AMD | Advanced Micro Devices | +0.1% | -4.75% | 減碼 |
| 12 | TJX | Tjx Companies Inc | +0.1% | +18.38% | 加碼 |
| 13 | VEA | Vanguard Ftse Developed ETF | +0.1% | +23.66% | 加碼 |
| 14 | COF | Capital One Financial CORP | +0.1% | +27.29% | 加碼 |
| 15 | EFA | Ishares Msci Eafe ETF | +0.1% | +6.85% | 加碼 |
| 16 | JNJ | Johnson & Johnson | +0.1% | +4.64% | 加碼 |
| 17 | VO | Vanguard Mid-cap ETF | +0.1% | +15.27% | 加碼 |
| 18 | AMGN | Amgen Inc | +0.1% | +2.91% | 加碼 |
| 19 | IVV | Ishares Core S&p 500 ETF | +0.1% | +146.73% | 加碼 |
| 20 | VV | Vanguard Large-cap ETF | +0.1% | +7.16% | 加碼 |
| 21 | RDVY | First Trust Rising Dividend | +0.1% | +3.57% | 加碼 |
| 22 | KO | Coca-cola Co/the | +0.1% | +2.69% | 加碼 |
| 23 | DTM | Dt Midstream Inc | +0.1% | +12.39% | 加碼 |
| 24 | GLD | Spdr Gold Shares | +0.1% | -1.65% | 減碼 |
| 25 | XOM | Exxon Mobil CORP | 0% | -0.17% | 減碼 |
| 26 | JPM | Jpmorgan Chase & Co | 0% | +1.96% | 加碼 |
| 27 | DVA | Davita Inc | -0.1% | -83.45% | 減碼 |
| 28 | STZ | Constellation Brands Inc-a | -0.1% | -78.47% | 減碼 |
| 29 | DHI | Dr Horton Inc | -0.1% | -32.41% | 減碼 |
| 30 | RSG | Republic Services Inc | -0.1% | -6.93% | 減碼 |
| 31 | SO | Southern Co/the | -0.1% | +0.35% | 加碼 |
| 32 | PYPL | Paypal Holdings Inc | -0.1% | -98.81% | 減碼 |
| 33 | UNH | Unitedhealth Group Inc | -0.1% | -16.00% | 減碼 |
| 34 | ADP | Automatic Data Processing | -0.1% | -1.39% | 減碼 |
| 35 | UBER | Uber Technologies Inc | -0.1% | +0.88% | 加碼 |
| 36 | CMG | Chipotle Mexican Grill Inc | -0.1% | -65.97% | 減碼 |
| 37 | MSCI | Msci Inc | -0.1% | -82.65% | 減碼 |
| 38 | IWF | Ishares Russell 1000 Growth | -0.1% | -12.54% | 減碼 |
| 39 | PG | Procter & Gamble Co/the | -0.2% | -5.91% | 減碼 |
| 40 | HD | Home Depot Inc | -0.2% | -1.84% | 減碼 |
| 41 | ACN | Accenture plc | -0.2% | -88.20% | 減碼 |
| 42 | GDX | Vaneck Gold Miners ETF | -0.2% | -36.26% | 減碼 |
| 43 | FISV | Fiserv Inc | -0.2% | -99.15% | 減碼 |
| 44 | MSFT | Microsoft CORP | -0.3% | +0.82% | 加碼 |
| 45 | CHCO | City Holding Co | -0.3% | -1.17% | 減碼 |
| 46 | ORCL | Oracle CORP | -0.3% | -2.19% | 減碼 |
| 47 | META | Meta Platforms Inc-class A | -0.3% | -0.32% | 減碼 |
| 48 | VONG | Vanguard Russell 1000 Growth | — | NEW | 新建倉 |
| 49 | SOLS | Solstice Adv Materials Inc | — | NEW | 新建倉 |
| 50 | VONV | Vanguard Russell 1000 Value | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，City Holding Co 在 Q4 2025 季度的美股持倉總市值約為 US$8.8億，共申報了 582 個公開持股部位。
在 Q4 2025 季度，City Holding Co 按市值排列的前三大核心持股分別為：GOOGL (3.8%)、CHCO (3.7%)、AAPL (3.4%)。其中最大持股部位 GOOGL 佔據整體投資組合約 3.8% 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
VONG
市值: US$120.6萬
本季最大獲利了結 / 清倉標的
CHCO
前期市值: US$3171.7萬
在 Q4 2025 季度中，City Holding Co 共進行了 50 項持倉異動，包含新建倉 3 個部位、加碼 23 個部位、減碼 24 個部位以及清倉 0 個部位。 其中最大新建倉標的為 VONG。
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。