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
322 檔
19.7%
在 Q3 2025 的 13F 官方備案中，Clifford Swan Investment Counsel LLC 管理的美股投資組合規模來到 US$31.2億，整體持股檔數為 322 檔。
在 Q3 2025 期間，Clifford Swan Investment Counsel LLC 展現了靈活的資產再平衡步調，透過出清 12 檔弱勢或達到目標價部位，將資金轉置於 23 檔新建倉標的之中。
在資產配置集中度方面，Clifford Swan Investment Counsel LLC 的前 5 大核心持股（包含 AAPL, MSFT, GOOGL 等）合計佔整體申報市值的 19.7%，反映機構在主要關鍵部位上的權重分佈。
僅顯示前 200 大持股（共 322 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 | AAPL | Apple Inc | 股票-科技 | 5.74% | +0.25% | -0.70% | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 5.31% | -0.20% | +0.38% | |
| 3 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 3.48% | +0.54% | -0.25% | |
| 4 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 3.13% | -0.46% | -2.09% | |
| 5 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 2.82% | -0.09% | -1.40% | |
| 6 | UPS | United Parcel Service-cl B | 股票-工業 | 2.71% | +0.03% | +2.30% | |
| 7 | ANET | Arista Networks Inc | 股票-科技 | 2.67% | +0.52% | -4.35% | |
| 8 | ORCL | Oracle CORP | 股票-科技 | 2.39% | -0.11% | -4.29% | |
| 9 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.94% | +0.05% | -1.45% | |
| 10 | LOW | Lowe's Cos Inc | 股票-循環性消費 | 1.67% | -0.19% | -2.01% | |
| 11 | CVX | Chevron CORP | 股票-能源 | 1.65% | -0.57% | -0.20% | |
| 12 | ACN | Accenture plc | 股票-科技 | 1.53% | -0.40% | +6.81% | |
| 13 | FAST | Fastenal Co | 股票-工業 | 1.38% | -0.06% | -2.98% | |
| 14 | AXP | American Express Co | 股票-金融 | 1.37% | +0.05% | +3.00% | |
| 15 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 1.35% | +0.34% | +10.02% | |
| 16 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.35% | -0.07% | -1.28% | |
| 17 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.32% | +0.07% | -0.78% | |
| 18 | WFC | Wells Fargo & Co | 股票-金融 | 1.29% | -0.04% | -1.76% | |
| 19 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.28% | +0.18% | -0.91% | |
| 20 | RTX | Rtx CORP | 股票-工業 | 1.26% | -0.16% | +2.93% | |
| 21 | TSCO | Tractor Supply Company | 股票-循環性消費 | 1.24% | -0.31% | -2.11% | |
| 22 | ABBV | Abbvie Inc | 股票-醫療保健 | 1.17% | +0.08% | -0.11% | |
| 23 | CTVA | Corteva Inc | 股票-原物料 | 1.17% | -0.10% | +0.45% | |
| 24 | XOM | Exxon Mobil CORP | 股票-能源 | 1.13% | -0.42% | -0.40% | |
| 25 | EMR | Emerson Electric Co | 股票-工業 | 1.12% | +0.02% | -1.68% | |
| 26 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.09% | -0.02% | -2.54% | |
| 27 | LH | Labcorp Holdings Inc | 股票-醫療保健 | 1.01% | -0.04% | +2.13% | |
| 28 | MCK | Mckesson CORP | 股票-醫療保健 | 0.99% | -0.21% | -0.90% | |
| 29 | SYK | Stryker CORP | 股票-醫療保健 | 0.99% | -0.09% | -1.38% | |
| 30 | INTU | Intuit Inc | 股票-科技 | 0.98% | -0.21% | -0.90% | |
| 31 | ALSN | Allison Transmission Holding | 股票-循環性消費 | 0.98% | -0.17% | -3.08% | |
| 32 | ABT | Abbott Laboratories | 股票-醫療保健 | 0.93% | -0.12% | -0.55% | |
| 33 | QCOM | Qualcomm Inc | 股票-科技 | 0.92% | +0.19% | -0.02% | |
| 34 | GLD | Spdr Gold Shares | ETF-避險與商品 | 0.92% | -0.21% | +1.72% | |
| 35 | CSCO | Cisco Systems Inc | 股票-科技 | 0.85% | +0.34% | -0.65% | |
| 36 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 0.83% | +0.18% | +2.95% | |
| 37 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.80% | -0.16% | -2.22% | |
| 38 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.76% | -0.05% | -0.22% | |
| 39 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.76% | -0.06% | +0.43% | |
| 40 | SYY | Sysco CORP | 股票-非循環性消費 | 0.76% | +0.06% | +3.13% | |
| 41 | PEP | Pepsico Inc | 股票-非循環性消費 | 0.72% | -0.15% | -1.26% | |
| 42 | PH | Parker Hannifin CORP | 股票-工業 | 0.67% | +0.02% | — | |
| 43 | EW | Edwards Lifesciences CORP | 股票-醫療保健 | 0.66% | +0.03% | -0.05% | |
| 44 | HPQ | Hp Inc | 股票-科技 | 0.65% | +0.03% | -3.64% | |
| 45 | SLB | Slb LTD | 股票-能源 | 0.63% | -0.16% | +1.16% | |
| 46 | A | Agilent Technologies Inc | 股票-醫療保健 | 0.61% | +0.05% | -0.06% | |
| 47 | MDLZ | Mondelez International Inc-a | 股票-非循環性消費 | 0.61% | -0.05% | -2.01% | |
| 48 | ENTG | Entegris Inc | 股票-科技 | 0.61% | +0.18% | +9.33% | |
| 49 | CAT | Caterpillar Inc | 股票-工業 | 0.59% | +0.37% | — | |
| 50 | NVO | Novo-nordisk A/s-spons Adr | 股票-醫療保健 | 0.57% | +0.08% | +13.68% |
| # | 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% | +0.38% | 加碼 |
| 2 | GOOGL | Alphabet Inc-cl A | +1% | -0.25% | 加碼 |
| 3 | ANET | Arista Networks Inc | +1% | -4.35% | 減碼 |
| 4 | ORCL | Oracle CORP | +1% | -4.29% | 減碼 |
| 5 | GOOG | Alphabet Inc-cl C | +0.4% | -0.91% | 減碼 |
| 6 | UNH | Unitedhealth Group Inc | +0.2% | +10.02% | 加碼 |
| 7 | ENTG | Entegris Inc | +0.2% | +9.33% | 加碼 |
| 8 | AXP | American Express Co | +0.2% | +3.00% | 加碼 |
| 9 | FERG | Ferguson Enterprises Inc | +0.2% | +3.04% | 加碼 |
| 10 | JPM | Jpmorgan Chase & Co | +0.2% | -1.45% | 減碼 |
| 11 | RTX | Rtx CORP | +0.2% | +2.93% | 加碼 |
| 12 | ALLE | Allegion plc | +0.2% | — | 加碼 |
| 13 | JNJ | Johnson & Johnson | +0.2% | -2.54% | 減碼 |
| 14 | NVDA | Nvidia CORP | +0.2% | +0.15% | 加碼 |
| 15 | HPE | Hewlett Packard Enterprise | +0.2% | -0.08% | 減碼 |
| 16 | CAT | Caterpillar Inc | +0.1% | — | 加碼 |
| 17 | LH | Labcorp Holdings Inc | +0.1% | +2.13% | 加碼 |
| 18 | AVGO | Broadcom Inc | +0.1% | -8.02% | 減碼 |
| 19 | META | Meta Platforms Inc-class A | +0.1% | +0.43% | 加碼 |
| 20 | GS | Goldman Sachs Group Inc | +0.1% | +0.44% | 加碼 |
| 21 | CATH | Global X S&p 500 Ca Val ETF | +0.1% | +77.27% | 加碼 |
| 22 | TSLA | Tesla Inc | +0.1% | -2.31% | 加碼 |
| 23 | AAPL | Apple Inc | +0.1% | -0.70% | 減碼 |
| 24 | FAST | Fastenal Co | +0.1% | -2.98% | 加碼 |
| 25 | NVO | Novo-nordisk A/s-spons Adr | +0.1% | +13.68% | 加碼 |
| 26 | GE | General Electric | +0.1% | +3.39% | 加碼 |
| 27 | EMR | Emerson Electric Co | +0.1% | -1.68% | 減碼 |
| 28 | BKNG | Booking Holdings Inc | +0.1% | +2.95% | 加碼 |
| 29 | PH | Parker Hannifin CORP | +0.1% | — | 不變 |
| 30 | SYY | Sysco CORP | +0.1% | +3.13% | 加碼 |
| 31 | AON | Aon plc | +0.1% | +33.11% | 加碼 |
| 32 | AMZN | Amazon.com Inc | +0.1% | -0.78% | 加碼 |
| 33 | EBAY | Ebay Inc | +0.1% | -3.91% | 減碼 |
| 34 | EXPD | Expeditors Intl Wash Inc | +0.1% | +12.66% | 加碼 |
| 35 | GLD | Spdr Gold Shares | +0.1% | +1.72% | 減碼 |
| 36 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.1% | +7.90% | 加碼 |
| 37 | VTI | Vanguard Total Stock Mkt ETF | +0.1% | +2.48% | 加碼 |
| 38 | GEV | GE Vernova Inc | +0.1% | +0.03% | 加碼 |
| 39 | XLK | Ss Technology Select Sector | 0% | +1.43% | 減碼 |
| 40 | CMI | Cummins Inc | 0% | -0.57% | 減碼 |
| 41 | SLV | Ishares Silver Trust | 0% | +114.50% | 加碼 |
| 42 | GDX | Vaneck Gold Miners ETF | 0% | +4.72% | 加碼 |
| 43 | NEU | Newmarket CORP | 0% | — | 減碼 |
| 44 | IYW | Ishares Ustechnology ETF | 0% | +0.17% | 加碼 |
| 45 | RSP | Invesco S&p 500 Equal Weight | 0% | +113.95% | 加碼 |
| 46 | UNP | Union Pacific CORP | 0% | +1.95% | 加碼 |
| 47 | KEYS | Keysight Technologies In | 0% | -0.18% | 減碼 |
| 48 | NOC | Northrop Grumman CORP | 0% | — | 減碼 |
| 49 | IJR | Ishares Core S&p Small-cap E | 0% | +6.53% | 加碼 |
| 50 | KO | Coca-cola Co/the | 0% | +20.32% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Clifford Swan Investment Counsel LLC 在 Q3 2025 季度的美股持倉總市值約為 US$31.2億，共申報了 322 個公開持股部位。
在 Q3 2025 季度，Clifford Swan Investment Counsel LLC 按市值排列的前三大核心持股分別為：AAPL (5.7%)、MSFT (5.3%)、GOOGL (3.5%)。其中最大持股部位 AAPL 佔據整體投資組合約 5.7% 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。
本季最大新建倉標的
CPAY
市值: US$916.2萬
本季最大獲利了結 / 清倉標的
WBA
前期市值: US$175.3萬
在 Q3 2025 季度中，Clifford Swan Investment Counsel LLC 共進行了 189 項持倉異動，包含新建倉 23 個部位、加碼 56 個部位、減碼 98 個部位以及清倉 12 個部位。 其中最大新建倉標的為 CPAY。 本季清倉部位包含 WBA。
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。