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: 0001034642
申報總市值
US$31.2億
US$31.2億
313 檔
18.4%
截至 Q2 2025 季度末，Clifford Swan Investment Counsel LLC 的美股持倉估值約為 US$31.2億，全數申報部位共有 313 檔。
Clifford Swan Investment Counsel LLC 在 Q2 2025 的調整主要集中於風險出清，清倉與減碼部位合計達 117 檔，反映機構對當前市場環境或個別公司估值採取較為保留之看法。
檢視投資組合結構，前 5 大主力部位（包含 MSFT, AAPL, COST）占據了總市值的 18.4%，展現出該機構在 Q2 2025 的重點資金聚焦與風險分佈特徵。
本季最大新建倉標的
GNRC
市值: US$200.6萬
本季最大獲利了結 / 清倉標的
JWNUSD
前期市值: US$134.9萬
僅顯示前 200 大持股（共 313 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 | MSFT | Microsoft CORP | 股票-科技 | 5.38% | -0.20% | +0.05% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 4.94% | +0.25% | -0.98% | |
| 3 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 3.63% | -0.46% | -1.67% | |
| 4 | UPS | United Parcel Service-cl B | 股票-工業 | 3.40% | +0.03% | +5.68% | |
| 5 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 2.93% | -0.09% | -1.82% | |
| 6 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 2.68% | +0.54% | +0.84% | |
| 7 | ANET | Arista Networks Inc | 股票-科技 | 2.08% | +0.52% | -0.90% | |
| 8 | ORCL | Oracle CORP | 股票-科技 | 2.06% | -0.11% | -1.06% | |
| 9 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.92% | +0.05% | -2.45% | |
| 10 | ACN | Accenture plc | 股票-科技 | 1.84% | -0.40% | +2.05% | |
| 11 | CVX | Chevron CORP | 股票-能源 | 1.62% | -0.57% | -1.24% | |
| 12 | LOW | Lowe's Cos Inc | 股票-循環性消費 | 1.60% | -0.19% | -1.17% | |
| 13 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.41% | +0.07% | +1.67% | |
| 14 | CTVA | Corteva Inc | 股票-原物料 | 1.36% | -0.10% | +0.18% | |
| 15 | AXP | American Express Co | 股票-金融 | 1.35% | +0.05% | +3.87% | |
| 16 | WFC | Wells Fargo & Co | 股票-金融 | 1.33% | -0.04% | -3.33% | |
| 17 | FAST | Fastenal Co | 股票-工業 | 1.29% | -0.06% | +92.48% | |
| 18 | TSCO | Tractor Supply Company | 股票-循環性消費 | 1.25% | -0.31% | -0.10% | |
| 19 | EMR | Emerson Electric Co | 股票-工業 | 1.23% | +0.02% | +0.27% | |
| 20 | INTU | Intuit Inc | 股票-科技 | 1.21% | -0.21% | -0.53% | |
| 21 | ALSN | Allison Transmission Holding | 股票-循環性消費 | 1.20% | -0.17% | -0.65% | |
| 22 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.19% | -0.07% | -3.19% | |
| 23 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 1.18% | +0.34% | +86.05% | |
| 24 | XOM | Exxon Mobil CORP | 股票-能源 | 1.15% | -0.42% | -2.70% | |
| 25 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.14% | -0.02% | -1.86% | |
| 26 | SYK | Stryker CORP | 股票-醫療保健 | 1.14% | -0.09% | -0.69% | |
| 27 | RTX | Rtx CORP | 股票-工業 | 1.13% | -0.16% | +0.28% | |
| 28 | MCK | Mckesson CORP | 股票-醫療保健 | 1.01% | -0.21% | -5.58% | |
| 29 | ABT | Abbott Laboratories | 股票-醫療保健 | 1.00% | -0.12% | -1.30% | |
| 30 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.00% | +0.18% | +0.09% | |
| 31 | ABBV | Abbvie Inc | 股票-醫療保健 | 1.00% | +0.08% | -1.03% | |
| 32 | LH | Labcorp Holdings Inc | 股票-醫療保健 | 0.96% | -0.04% | +2.26% | |
| 33 | QCOM | Qualcomm Inc | 股票-科技 | 0.94% | +0.19% | -3.95% | |
| 34 | CSCO | Cisco Systems Inc | 股票-科技 | 0.92% | +0.34% | -1.80% | |
| 35 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 0.91% | +0.18% | -0.04% | |
| 36 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.84% | -0.05% | -1.27% | |
| 37 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.83% | -0.16% | -0.42% | |
| 38 | GLD | Spdr Gold Shares | ETF-避險與商品 | 0.82% | -0.21% | -6.66% | |
| 39 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.81% | -0.06% | -0.43% | |
| 40 | PEP | Pepsico Inc | 股票-非循環性消費 | 0.73% | -0.15% | +10.80% | |
| 41 | SYY | Sysco CORP | 股票-非循環性消費 | 0.72% | +0.06% | +6.94% | |
| 42 | MDLZ | Mondelez International Inc-a | 股票-非循環性消費 | 0.71% | -0.05% | +0.78% | |
| 43 | EW | Edwards Lifesciences CORP | 股票-醫療保健 | 0.70% | +0.03% | -0.01% | |
| 44 | NVO | Novo-nordisk A/s-spons Adr | 股票-醫療保健 | 0.67% | +0.08% | +44.31% | |
| 45 | PH | Parker Hannifin CORP | 股票-工業 | 0.66% | +0.02% | — | |
| 46 | PM | Philip Morris International | 股票-非循環性消費 | 0.65% | +0.01% | -2.18% | |
| 47 | SLB | Slb LTD | 股票-能源 | 0.65% | -0.16% | +2.35% | |
| 48 | HPQ | Hp Inc | 股票-科技 | 0.64% | +0.03% | -1.17% | |
| 49 | DIS | Walt Disney Co/the | 股票-通訊服務 | 0.61% | -0.02% | -6.03% | |
| 50 | A | Agilent Technologies Inc | 股票-醫療保健 | 0.60% | +0.05% | -0.32% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | MSFT | Microsoft CORP | +1.1% | +0.05% | 加碼 |
| 2 | ORCL | Oracle CORP | +0.7% | -1.06% | 減碼 |
| 3 | ANET | Arista Networks Inc | +0.4% | -0.90% | 減碼 |
| 4 | GOOGL | Alphabet Inc-cl A | +0.2% | +0.84% | 加碼 |
| 5 | JNJ | Johnson & Johnson | +0.2% | -1.86% | 減碼 |
| 6 | INTU | Intuit Inc | +0.2% | -0.53% | 減碼 |
| 7 | FERG | Ferguson Enterprises Inc | +0.2% | +24.07% | 加碼 |
| 8 | AXP | American Express Co | +0.2% | +3.87% | 加碼 |
| 9 | EMR | Emerson Electric Co | +0.2% | +0.27% | 加碼 |
| 10 | NVO | Novo-nordisk A/s-spons Adr | +0.2% | +44.31% | 加碼 |
| 11 | JPM | Jpmorgan Chase & Co | +0.2% | -2.45% | 減碼 |
| 12 | CTVA | Corteva Inc | +0.2% | +0.18% | 加碼 |
| 13 | AMZN | Amazon.com Inc | +0.2% | +1.67% | 加碼 |
| 14 | BKNG | Booking Holdings Inc | +0.2% | -0.04% | 減碼 |
| 15 | META | Meta Platforms Inc-class A | +0.2% | -0.43% | 減碼 |
| 16 | ALLE | Allegion plc | +0.2% | +149.86% | 加碼 |
| 17 | ENTG | Entegris Inc | +0.1% | +56.46% | 加碼 |
| 18 | NVDA | Nvidia CORP | +0.1% | +3.94% | 加碼 |
| 19 | AVGO | Broadcom Inc | +0.1% | +0.82% | 加碼 |
| 20 | HPE | Hewlett Packard Enterprise | +0.1% | — | 不變 |
| 21 | LH | Labcorp Holdings Inc | +0.1% | +2.26% | 加碼 |
| 22 | GOOG | Alphabet Inc-cl C | +0.1% | +0.09% | 加碼 |
| 23 | UNH | Unitedhealth Group Inc | +0.1% | +86.05% | 加碼 |
| 24 | DIS | Walt Disney Co/the | +0.1% | -6.03% | 減碼 |
| 25 | GS | Goldman Sachs Group Inc | +0.1% | — | 不變 |
| 26 | GNRC | Generac Holdings Inc | +0.1% | NEW | 新建倉 |
| 27 | RTX | Rtx CORP | +0.1% | +0.28% | 加碼 |
| 28 | PH | Parker Hannifin CORP | +0.1% | — | 不變 |
| 29 | CAT | Caterpillar Inc | +0.1% | +0.01% | 加碼 |
| 30 | TSLA | Tesla Inc | +0.1% | +65.18% | 加碼 |
| 31 | CSCO | Cisco Systems Inc | +0.1% | -1.80% | 減碼 |
| 32 | CPAY | Corpay Inc | +0.1% | NEW | 新建倉 |
| 33 | WFC | Wells Fargo & Co | 0% | -3.33% | 減碼 |
| 34 | PM | Philip Morris International | 0% | -2.18% | 減碼 |
| 35 | GE | General Electric | 0% | +0.05% | 加碼 |
| 36 | IBM | Intl Business Machines CORP | 0% | -1.85% | 減碼 |
| 37 | VTI | Vanguard Total Stock Mkt ETF | 0% | +40.63% | 加碼 |
| 38 | GEV | GE Vernova Inc | 0% | +0.02% | 加碼 |
| 39 | UNP | Union Pacific CORP | 0% | +14.73% | 加碼 |
| 40 | SYY | Sysco CORP | 0% | +6.94% | 加碼 |
| 41 | PYPL | Paypal Holdings Inc | 0% | -2.37% | 減碼 |
| 42 | BA | Boeing Co/the | 0% | -6.42% | 減碼 |
| 43 | TT | Trane Technologies plc | 0% | -0.66% | 減碼 |
| 44 | TXN | Texas Instruments Inc | 0% | -0.53% | 減碼 |
| 45 | EW | Edwards Lifesciences CORP | 0% | -0.01% | 減碼 |
| 46 | HON | Honeywell International Inc | 0% | +0.00% | 加碼 |
| 47 | KEYS | Keysight Technologies In | 0% | -0.28% | 減碼 |
| 48 | SPY | Ss Spdr S&p 500 ETF Trust-us | 0% | -0.01% | 減碼 |
| 49 | XLK | Ss Technology Select Sector | 0% | -8.40% | 減碼 |
| 50 | EXPD | Expeditors Intl Wash Inc | 0% | +17.99% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Clifford Swan Investment Counsel LLC 在 Q2 2025 季度的美股持倉總市值約為 US$31.2億，共申報了 313 個公開持股部位。
在 Q2 2025 季度，Clifford Swan Investment Counsel LLC 按市值排列的前三大核心持股分別為：MSFT (5.4%)、AAPL (4.9%)、COST (3.6%)。其中最大持股部位 MSFT 佔據整體投資組合約 5.4% 的權重。
在 Q2 2025 季度中，Clifford Swan Investment Counsel LLC 共進行了 182 項持倉異動，包含新建倉 12 個部位、加碼 53 個部位、減碼 109 個部位以及清倉 8 個部位。 其中最大新建倉標的為 GNRC。 本季清倉部位包含 JWNUSD。
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。
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。
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。