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: 0000801051
申報總市值
US$33.4億
US$33.4億
352 檔
7.9%
在 Q3 2025 申報期間，Conning Inc.（CIK: 0000801051）向美國 SEC 提交的 Form 13F 報告顯示，其追蹤之股票投資組合總市值達 US$33.4億，共持有 352 個公開申報部位。
在 Q3 2025 期間，Conning Inc. 展現了靈活的資產再平衡步調，透過出清 8 檔弱勢或達到目標價部位，將資金轉置於 7 檔新建倉標的之中。
從部位權重觀察，前 5 大標的（包含 SPY, IVV, IJR）累計市值佔比達 7.9%，是驅動 Conning Inc. 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 352 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 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 2.29% | +0.05% | -34.03% | |
| 2 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 2.24% | +0.05% | -1.26% | |
| 3 | IJR | Ishares Core S&p Small-cap E | ETF-中小型股 | 1.56% | +0.06% | — | |
| 4 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.34% | -0.02% | -12.58% | |
| 5 | CAT | Caterpillar Inc | 股票-工業 | 1.29% | +0.08% | -18.78% | |
| 6 | ABBV | Abbvie Inc | 股票-醫療保健 | 1.28% | +0.13% | -13.06% | |
| 7 | GLW | Corning Inc | 股票-科技 | 1.26% | +0.18% | -31.40% | |
| 8 | RTX | Rtx CORP | 股票-工業 | 1.24% | +0.09% | -11.45% | |
| 9 | MBB | Ishares Mbs ETF | ETF-其他 | 1.23% | -0.12% | — | |
| 10 | UNP | Union Pacific CORP | 股票-工業 | 1.21% | — | -1.75% | |
| 11 | XOM | Exxon Mobil CORP | 股票-能源 | 1.19% | -0.39% | -9.95% | |
| 12 | LMT | Lockheed Martin CORP | 股票-工業 | 1.19% | — | +0.91% | |
| 13 | CMI | Cummins Inc | 股票-工業 | 1.18% | -0.01% | -20.58% | |
| 14 | BLK | Blackrock Inc | 股票-金融 | 1.18% | -0.14% | -13.22% | |
| 15 | QCOM | Qualcomm Inc | 股票-科技 | 1.18% | -0.29% | -9.33% | |
| 16 | LHX | L3harris Technologies Inc | 股票-工業 | 1.17% | -0.07% | +9716.33% | |
| 17 | IBM | Intl Business Machines CORP | 股票-科技 | 1.17% | -0.13% | +2312.93% | |
| 18 | MS | Morgan Stanley | 股票-金融 | 1.16% | -0.12% | -17.72% | |
| 19 | CSCO | Cisco Systems Inc | 股票-科技 | 1.16% | -0.17% | -7.33% | |
| 20 | GD | General Dynamics CORP | 股票-工業 | 1.16% | +0.02% | -16.86% | |
| 21 | AFL | Aflac Inc | 股票-金融 | 1.16% | -0.07% | -6.75% | |
| 22 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 1.15% | +0.09% | -15.71% | |
| 23 | CVX | Chevron CORP | 股票-能源 | 1.15% | -0.36% | -12.86% | |
| 24 | BNY | Bank Of New York Mellon CORP | 股票-金融 | 1.15% | -0.10% | -18.02% | |
| 25 | OMC | Omnicom Group | 股票-通訊服務 | 1.15% | +0.01% | -11.37% | |
| 26 | VLO | Valero Energy CORP | 股票-能源 | 1.15% | -0.26% | -23.71% | |
| 27 | COP | Conocophillips | 股票-能源 | 1.14% | -0.40% | -9.39% | |
| 28 | HD | Home Depot Inc | 股票-循環性消費 | 1.14% | +0.13% | -12.43% | |
| 29 | CME | Cme Group Inc | 股票-金融 | 1.14% | -0.16% | +1.99% | |
| 30 | VZ | Verizon Communications Inc | 股票-通訊服務 | 1.13% | -0.20% | -4.16% | |
| 31 | PFG | Principal Financial Group | 股票-金融 | 1.13% | -0.02% | -8.03% | |
| 32 | ABT | Abbott Laboratories | 股票-醫療保健 | 1.13% | +0.05% | -2.70% | |
| 33 | TRV | Travelers Cos Inc/the | 股票-金融 | 1.12% | +0.10% | -4.12% | |
| 34 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 1.12% | — | +1059.87% | |
| 35 | TXN | Texas Instruments Inc | 股票-科技 | 1.12% | +0.01% | -0.49% | |
| 36 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 1.11% | +0.03% | +0.03% | |
| 37 | PNC | Pnc Financial Services Group | 股票-金融 | 1.11% | +0.03% | -15.29% | |
| 38 | PEP | Pepsico Inc | 股票-非循環性消費 | 1.11% | -0.11% | -10.77% | |
| 39 | KO | Coca-cola Co/the | 股票-非循環性消費 | 1.10% | -0.03% | +1.10% | |
| 40 | MDLZ | Mondelez International Inc-a | 股票-非循環性消費 | 1.10% | -0.15% | +2.27% | |
| 41 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.10% | +0.04% | -14.54% | |
| 42 | ADI | Analog Devices Inc | 股票-科技 | 1.10% | -0.18% | -14.31% | |
| 43 | ITW | Illinois Tool Works | 股票-工業 | 1.10% | +0.06% | -9.16% | |
| 44 | SBUX | Starbucks CORP | 股票-循環性消費 | 1.10% | +0.10% | +1.12% | |
| 45 | ADP | Automatic Data Processing | 股票-科技 | 1.10% | -0.02% | +5.34% | |
| 46 | PKG | Packaging CORP Of America | 股票-循環性消費 | 1.10% | +0.03% | -12.51% | |
| 47 | MCD | Mcdonald's CORP | 股票-循環性消費 | 1.09% | -0.05% | -3.75% | |
| 48 | GILD | Gilead Sciences Inc | 股票-醫療保健 | 1.08% | -0.06% | -8.51% | |
| 49 | GPC | Genuine Parts Co | 股票-循環性消費 | 1.07% | — | -12.17% | |
| 50 | NVDA | Nvidia CORP | 股票-科技 | 1.07% | +0.01% | -9.21% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | LHX | L3harris Technologies Inc | +1.2% | +9716.33% | 加碼 |
| 2 | IBM | Intl Business Machines CORP | +1.1% | +2312.93% | 加碼 |
| 3 | MRK | Merck & Co. Inc. | +1% | +1059.87% | 加碼 |
| 4 | HON | Honeywell International Inc | +1% | +3096.41% | 加碼 |
| 5 | CI | THE Cigna Group | +1% | +5375.26% | 加碼 |
| 6 | MO | Altria Group Inc | +0.8% | +4073.50% | 加碼 |
| 7 | NVDA | Nvidia CORP | +0.3% | -9.21% | 減碼 |
| 8 | IVV | Ishares Core S&p 500 ETF | +0.2% | -1.26% | 減碼 |
| 9 | VEA | Vanguard Ftse Developed ETF | +0.2% | +32.23% | 加碼 |
| 10 | MSFT | Microsoft CORP | +0.2% | -2.61% | 減碼 |
| 11 | IVW | Ishares S&p 500 Growth ETF | +0.2% | -13.37% | 加碼 |
| 12 | APH | Amphenol Corp-cl A | +0.2% | +406.00% | 加碼 |
| 13 | GE | General Electric | +0.1% | +202.74% | 加碼 |
| 14 | RSG | Republic Services Inc | +0.1% | +1251.78% | 加碼 |
| 15 | AVGO | Broadcom Inc | +0.1% | +0.25% | 減碼 |
| 16 | AXP | American Express Co | +0.1% | +187.59% | 加碼 |
| 17 | VSH 2.25 09-15-30債券 | Vishay Intertechnology | +0.1% | — | 加碼 |
| 18 | IJR | Ishares Core S&p Small-cap E | +0.1% | — | 減碼 |
| 19 | CMI | Cummins Inc | +0.1% | -20.58% | 減碼 |
| 20 | IWR | Ishares Russell Mid-cap ETF | -0.2% | -73.93% | 減碼 |
| 21 | VZ | Verizon Communications Inc | -0.2% | -4.16% | 減碼 |
| 22 | KO | Coca-cola Co/the | -0.2% | +1.10% | 減碼 |
| 23 | MCD | Mcdonald's CORP | -0.2% | -3.75% | 減碼 |
| 24 | KMB | Kimberly-clark CORP | -0.2% | +1.43% | 加碼 |
| 25 | PAYX | Paychex Inc | -0.2% | +13.49% | 加碼 |
| 26 | CL | Colgate-palmolive Co | -0.2% | +2.95% | 加碼 |
| 27 | BMY | Bristol-myers Squibb Co | -0.2% | -2.05% | 加碼 |
| 28 | CVX | Chevron CORP | -0.2% | -12.86% | 減碼 |
| 29 | EOG | Eog Resources Inc | -0.2% | -8.70% | 減碼 |
| 30 | XOM | Exxon Mobil CORP | -0.3% | -9.95% | 減碼 |
| 31 | CMCSA | Comcast Corp-class A | -0.3% | -1.44% | 減碼 |
| 32 | UNH | Unitedhealth Group Inc | -0.3% | -15.71% | 加碼 |
| 33 | COP | Conocophillips | -0.3% | -9.39% | 減碼 |
| 34 | EFA | Ishares Msci Eafe ETF | -0.5% | -60.26% | 減碼 |
| 35 | SPY | Ss Spdr S&p 500 ETF Trust-us | -0.8% | -34.03% | 減碼 |
| 36 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | — | EXIT | 清倉 |
| 37 | SCHG | Schwab US Large-cap Growth | — | EXIT | 清倉 |
| 38 | VOOG | Vanguard S&p 500 Growth ETF | — | NEW | 新建倉 |
| 39 | GVI | Ishares Intermediate Governm | — | EXIT | 清倉 |
| 40 | VOOV | Vanguard S&p 500 Value ETF | — | NEW | 新建倉 |
| 41 | UBER 0.875 12-01-28 2028債券 | Uber Technologies Inc | — | NEW | 新建倉 |
| 42 | SCHV | Schwab US Large-cap Value | — | EXIT | 清倉 |
| 43 | MTH 1.75 05-15-28債券 | Meritage Homes CORP | — | NEW | 新建倉 |
| 44 | UBER 0 12-15-25債券 | Uber Technologies Inc | — | EXIT | 清倉 |
| 45 | PNW 4.75 06-15-27債券 | Pinnacle West Capital | — | NEW | 新建倉 |
| 46 | LUV 1.25 05-01-25債券 | Southwest Airlines Co | — | EXIT | 清倉 |
| 47 | JAZZ 3.125 09-15-30債券 | Jazz Investments I LTD | — | NEW | 新建倉 |
| 48 | BKNG 0.75 05-01-25債券 | Booking Holdings Inc | — | EXIT | 清倉 |
| 49 | MCHP 0.75 06-01-30債券 | Microchip Technology Inc | — | NEW | 新建倉 |
| 50 | ENPH 0 03-01-26債券 | Enphase Energy Inc | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Conning Inc. 在 Q3 2025 季度的美股持倉總市值約為 US$33.4億，共申報了 352 個公開持股部位。
在 Q3 2025 季度，Conning Inc. 按市值排列的前三大核心持股分別為：SPY (2.3%)、IVV (2.2%)、IJR (1.6%)。其中最大持股部位 SPY 佔據整體投資組合約 2.3% 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
VOOG
市值: US$1307.0萬
本季最大獲利了結 / 清倉標的
LQD
前期市值: US$2366.1萬
在 Q3 2025 季度中，Conning Inc. 共進行了 50 項持倉異動，包含新建倉 7 個部位、加碼 18 個部位、減碼 17 個部位以及清倉 8 個部位。 其中最大新建倉標的為 VOOG。 本季清倉部位包含 LQD。
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。