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: 0001863523
申報總市值
US$46.8億
US$46.8億
402 檔
9.9%
在 Q3 2025 申報期間，CSM Advisors, LLC（CIK: 0001863523）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$46.8億，共持有 402 個公開申報部位。
Q3 2025 數據顯示 CSM Advisors, LLC 積極進場，新開立 140 個部位並同步加碼 16 檔個股，反映機構在該季度的資金注入與籌碼積累。
在資產配置集中度方面，CSM Advisors, LLC 的前 5 大核心持股（包含 QQQ, SPY, VUG 等）合計佔整體申報市值的 9.9%，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 402 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 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 3.34% | +0.24% | -0.55% | |
| 2 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 3.17% | +0.51% | -0.20% | |
| 3 | VUG | Vanguard Growth ETF | ETF-其他 | 2.70% | +0.08% | — | |
| 4 | VTV | Vanguard Value ETF | ETF-其他 | 1.91% | -0.06% | — | |
| 5 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.80% | +0.02% | +66.35% | |
| 6 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.52% | -0.05% | -20.61% | |
| 7 | USB | US Bancorp | 股票-金融 | 1.41% | +0.01% | +52.11% | |
| 8 | CMI | Cummins Inc | 股票-工業 | 1.38% | +0.07% | +13.24% | |
| 9 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.28% | -0.15% | +94.53% | |
| 10 | ORSIX | Nrth Sq Dyn Sm Cap-i | 股票-其他 | 1.27% | -1.05% | EXIT | |
| 11 | HIG | Hartford Insurance Group Inc | 股票-金融 | 1.25% | +0.02% | +20.61% | |
| 12 | EZU | Ishares Msci Eurozone ETF | ETF-其他 | 1.25% | -0.04% | — | |
| 13 | CVX | Chevron CORP | 股票-能源 | 1.23% | -0.27% | +159.26% | |
| 14 | CSCO | Cisco Systems Inc | 股票-科技 | 1.22% | -0.47% | +6.06% | |
| 15 | MSFT | Microsoft CORP | 股票-科技 | 1.14% | -1.21% | -9.73% | |
| 16 | XLF | Ss Financial Select Sector | ETF-其他 | 1.04% | — | — | |
| 17 | C | Citigroup Inc | 股票-金融 | 1.03% | +0.06% | -16.03% | |
| 18 | NVDA | Nvidia CORP | 股票-科技 | 1.03% | +0.22% | +57.04% | |
| 19 | GS | Goldman Sachs Group Inc | 股票-金融 | 1.02% | +0.01% | -39.11% | |
| 20 | BNY | Bank Of New York Mellon CORP | 股票-金融 | 1.01% | -0.05% | -22.20% | |
| 21 | AAPL | Apple Inc | 股票-科技 | 1.01% | +1.30% | -21.93% | |
| 22 | EOG | Eog Resources Inc | 股票-能源 | 1.00% | -0.21% | +27.83% | |
| 23 | DUK | Duke Energy CORP | 股票-公用事業 | 0.96% | -0.11% | -14.86% | |
| 24 | CAT | Caterpillar Inc | 股票-工業 | 0.96% | +0.14% | -19.05% | |
| 25 | MO | Altria Group Inc | 股票-非循環性消費 | 0.95% | +0.03% | +13.02% | |
| 26 | QCOM | Qualcomm Inc | 股票-科技 | 0.93% | -0.61% | +45.41% | |
| 27 | IBM | Intl Business Machines CORP | 股票-科技 | 0.90% | -0.10% | +11.06% | |
| 28 | SYF | Synchrony Financial | 股票-金融 | 0.89% | -0.02% | -4.61% | |
| 29 | GDX | Vaneck Gold Miners ETF | ETF-避險與商品 | 0.85% | — | — | |
| 30 | VZ | Verizon Communications Inc | 股票-通訊服務 | 0.85% | -0.11% | -22.09% | |
| 31 | VTWO | Vanguard Russell 2000 ETF | ETF-中小型股 | 0.84% | -0.39% | -4.42% | |
| 32 | DAL | Delta Air Lines Inc | 股票-工業 | 0.83% | +0.19% | +13.11% | |
| 33 | TMUS | T-mobile US Inc | 股票-通訊服務 | 0.83% | — | +62.29% | |
| 34 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 0.82% | +0.51% | -55.86% | |
| 35 | MDT | Medtronic plc | 股票-醫療保健 | 0.76% | -0.57% | EXIT | |
| 36 | SHEL | Shell Plc-adr | 股票-能源 | 0.74% | -0.23% | +11.52% | |
| 37 | AMP | Ameriprise Financial Inc | 股票-金融 | 0.74% | -0.07% | +32.65% | |
| 38 | GM | General Motors Co | 股票-循環性消費 | 0.70% | +0.04% | — | |
| 39 | URI | United Rentals Inc | 股票-工業 | 0.68% | -0.01% | -23.88% | |
| 40 | ADVGX | North Sq Sel Sm Cap-i | 股票-其他 | 0.68% | -0.45% | EXIT | |
| 41 | FOXA | Fox CORP - Class A | 股票-通訊服務 | 0.67% | -0.13% | -16.99% | |
| 42 | LOW | Lowe's Cos Inc | 股票-循環性消費 | 0.67% | -0.07% | — | |
| 43 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.65% | +0.10% | +3.28% | |
| 44 | RTX | Rtx CORP | 股票-工業 | 0.64% | -0.05% | -2.26% | |
| 45 | IEI | Ishares 3-7 Year Treasury Bo | ETF-政府公債 | 0.63% | -0.55% | EXIT | |
| 46 | KO | The Coca-Cola Company | 股票-非循環性消費 | 0.60% | -0.03% | +59.11% | |
| 47 | CG | Carlyle Group Inc/the | 股票-金融 | 0.59% | -0.32% | +27.10% | |
| 48 | EWC | Ishares Msci Canada ETF | ETF-其他 | 0.59% | -0.51% | +1.68% | |
| 49 | CI | THE Cigna Group | 股票-醫療保健 | 0.57% | +0.02% | +60.69% | |
| 50 | EXE | Expand Energy CORP | 股票-能源 | 0.56% | -0.12% | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | CSCO | Cisco Systems Inc | +1% | +6.06% | 加碼 |
| 2 | BNY | Bank Of New York Mellon CORP | +0.8% | -22.20% | 加碼 |
| 3 | EOG | Eog Resources Inc | +0.5% | +27.83% | 加碼 |
| 4 | CAT | Caterpillar Inc | +0.5% | -19.05% | 加碼 |
| 5 | VSS | Vanguard Ftse All Wo X-us Sc | +0.5% | — | 加碼 |
| 6 | GOOGL | Alphabet Inc-cl A | +0.5% | -55.86% | 加碼 |
| 7 | EWC | Ishares Msci Canada ETF | +0.5% | +1.68% | 加碼 |
| 8 | GOOG | Alphabet Inc-cl C | +0.5% | +66.35% | 加碼 |
| 9 | NVDA | Nvidia CORP | +0.4% | +57.04% | 加碼 |
| 10 | JPM | Jpmorgan Chase & Co | +0.3% | -20.61% | 加碼 |
| 11 | CVX | Chevron CORP | +0.3% | +159.26% | 加碼 |
| 12 | LLY | Eli Lilly & Co | +0.2% | +918.94% | 加碼 |
| 13 | TSLA | Tesla Inc | +0.2% | +798.07% | 加碼 |
| 14 | GS | Goldman Sachs Group Inc | +0.1% | -39.11% | 加碼 |
| 15 | CG | Carlyle Group Inc/the | — | +27.10% | 加碼 |
| 16 | AVGO | Broadcom Inc | -0.2% | -29.25% | 減碼 |
| 17 | TMUS | T-mobile US Inc | -0.3% | +62.29% | 加碼 |
| 18 | GILD | Gilead Sciences Inc | -0.3% | -73.77% | 減碼 |
| 19 | DE | Deere & Co | -0.3% | -68.68% | 減碼 |
| 20 | MRK | Merck & Co. Inc. | -0.3% | -69.09% | 減碼 |
| 21 | SBUX | Starbucks CORP | -0.3% | -72.06% | 減碼 |
| 22 | PEG | Public Service Enterprise Gp | -0.3% | -66.33% | 減碼 |
| 23 | DIS | Walt Disney Co/the | -0.3% | -66.32% | 減碼 |
| 24 | DOV | Dover CORP | -0.4% | -66.88% | 減碼 |
| 25 | GTLS | Chart Industries Inc | -0.4% | -67.52% | 減碼 |
| 26 | MAR | Marriott International -cl A | -0.4% | -72.09% | 減碼 |
| 27 | SYY | Sysco CORP | -0.4% | -62.78% | 減碼 |
| 28 | WFC | Wells Fargo & Co | -0.4% | -64.74% | 減碼 |
| 29 | DELL | Dell Technologies -c | -0.4% | -69.18% | 減碼 |
| 30 | T | At&t Inc | -0.4% | -65.94% | 減碼 |
| 31 | ORCL | Oracle CORP | -0.5% | -80.30% | 減碼 |
| 32 | DKS | Dick's Sporting Goods Inc | -0.5% | -66.08% | 減碼 |
| 33 | AMTM | Amentum Holdings Inc | -0.5% | -67.96% | 減碼 |
| 34 | HON | Honeywell International Inc | -0.5% | -68.37% | 減碼 |
| 35 | GLPI | Gaming And Leisure Propertie | -0.5% | -64.33% | 減碼 |
| 36 | CB | Chubb Limited | -0.6% | -66.72% | 減碼 |
| 37 | CRM | Salesforce Inc | -0.6% | -69.14% | 減碼 |
| 38 | MSFT | Microsoft CORP | -0.6% | -9.73% | 減碼 |
| 39 | ABT | Abbott Laboratories | -0.6% | -67.28% | 減碼 |
| 40 | NKMCX | Nrth Sq Kennedy Microcap-i | -0.6% | — | 減碼 |
| 41 | EXPE | Expedia Group Inc | -0.7% | -65.46% | 減碼 |
| 42 | PYPL | Paypal Holdings Inc | -0.7% | -67.19% | 減碼 |
| 43 | SPDW | Ste Str Spdr Pt Dw EU ETF | -0.8% | +75.44% | 減碼 |
| 44 | MPC | Marathon Petroleum CORP | -0.8% | -67.30% | 減碼 |
| 45 | AMZN | Amazon.com Inc | -0.8% | -32.44% | 減碼 |
| 46 | WMT | Walmart Inc | -0.8% | -83.96% | 減碼 |
| 47 | GDX | Vaneck Gold Miners ETF | -1.2% | — | 減碼 |
| 48 | SPYM | Ste Str Spdr Pt S&p 500 ETF | -1.5% | -11.23% | 減碼 |
| 49 | ADVGX | North Sq Sel Sm Cap-i | -1.5% | — | 減碼 |
| 50 | IEI | Ishares 3-7 Year Treasury Bo | -2.3% | -17.29% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，CSM Advisors, LLC 在 Q3 2025 季度的美股持倉總市值約為 US$46.8億，共申報了 402 個公開持股部位。
在 Q3 2025 季度，CSM Advisors, LLC 按市值排列的前三大核心持股分別為：QQQ (3.3%)、SPY (3.2%)、VUG (2.7%)。其中最大持股部位 QQQ 佔據整體投資組合約 3.3% 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
USB
市值: US$5059.8萬
本季最大獲利了結 / 清倉標的
HDV
前期市值: US$5593.4萬
在 Q3 2025 季度中，CSM Advisors, LLC 共進行了 200 項持倉異動，包含新建倉 140 個部位、加碼 16 個部位、減碼 41 個部位以及清倉 3 個部位。 其中最大新建倉標的為 USB。 本季清倉部位包含 HDV。
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。