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: 0000887777
申報總市值
US$203.5億
US$203.5億
1231 檔
11.4%
在 Q4 2025 的 13F 官方備案中，DAVENPORT & Co LLC 管理的美股投資組合規模來到 US$203.5億，整體持股檔數為 1231 檔。
從 Q4 2025 申報觀察，DAVENPORT & Co LLC 採取防禦導向的調倉策略，本季減碼 31 檔個股並出清 0 檔部位，顯示機構在該時期進行風險控制與流動性回收。
從部位權重觀察，前 5 大標的（包含 BN, AMZN, MSFT）累計市值佔比達 11.4%，是驅動 DAVENPORT & Co LLC 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 1231 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 | BN | Brookfield CORP | 股票-金融 | 3.01% | -0.29% | +44.61% | |
| 2 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.52% | +0.06% | -0.21% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 2.48% | -0.18% | +3.78% | |
| 4 | MKL | Markel Group Inc | 股票-金融 | 2.41% | -0.17% | +2.42% | |
| 5 | NVDA | Nvidia CORP | 股票-科技 | 2.00% | +0.06% | -0.87% | |
| 6 | AAPL | Apple Inc | 股票-科技 | 1.93% | +0.06% | -10.49% | |
| 7 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.44% | -0.14% | -0.33% | |
| 8 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.32% | +0.13% | -17.66% | |
| 9 | XOM | Exxon Mobil CORP | 股票-能源 | 1.23% | -0.27% | +94.23% | |
| 10 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.23% | -0.11% | -1.54% | |
| 11 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.20% | -0.09% | -16.47% | |
| 12 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 1.19% | -0.06% | -9.06% | |
| 13 | MLM | Martin Marietta Materials | 股票-原物料 | 1.16% | -0.13% | -2.19% | |
| 14 | VOO | Vanguard S&p 500 ETF | ETF-大型股與成長 | 1.11% | +0.17% | +17.10% | |
| 15 | KNSL | Kinsale Capital Group Inc | 股票-金融 | 1.11% | -0.12% | +1.95% | |
| 16 | ACN | Accenture plc | 股票-科技 | 1.09% | -0.27% | +27.74% | |
| 17 | ELV | Elevance Health Inc | 股票-醫療保健 | 1.07% | -0.07% | -8.64% | |
| 18 | AVGO | Broadcom Inc | 股票-科技 | 1.03% | +0.09% | -11.42% | |
| 19 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.99% | — | +0.00% | |
| 20 | AMT | American Tower CORP | 股票-房地產 | 0.99% | -0.12% | +20.70% | |
| 21 | BAM | Brookfield Asset Mgmt-a | 股票-金融 | 0.97% | -0.08% | -1.70% | |
| 22 | CVX | Chevron CORP | 股票-能源 | 0.93% | -0.40% | -0.84% | |
| 23 | MA | Mastercard Inc - A | 股票-金融 | 0.93% | -0.06% | +0.64% | |
| 24 | V | Visa Inc-class A Shares | 股票-金融 | 0.90% | +0.01% | -1.63% | |
| 25 | VIG | Vanguard Dividend Apprec ETF | ETF-其他 | 0.89% | +0.15% | +8.68% | |
| 26 | LHX | L3harris Technologies Inc | 股票-工業 | 0.87% | -0.18% | -0.47% | |
| 27 | ROK | Rockwell Automation Inc | 股票-工業 | 0.85% | +0.17% | -1.81% | |
| 28 | SHW | Sherwin-williams Co/the | 股票-原物料 | 0.85% | -0.03% | -3.15% | |
| 29 | WSO | Watsco Inc | 股票-工業 | 0.85% | — | +31.76% | |
| 30 | NEE | Nextera Energy Inc | 股票-公用事業 | 0.85% | -0.15% | +0.16% | |
| 31 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 0.83% | +0.85% | +996.06% | |
| 32 | DHR | Danaher CORP | 股票-醫療保健 | 0.81% | -0.07% | -1.09% | |
| 33 | ADI | Analog Devices Inc | 股票-科技 | 0.78% | +0.08% | -2.88% | |
| 34 | BUD | Anheuser-busch Inbev-spn Adr | 股票-非循環性消費 | 0.75% | -0.05% | -5.11% | |
| 35 | LAMR | Lamar Advertising Co-a | 股票-房地產 | 0.74% | +0.04% | -10.06% | |
| 36 | TJX | Tjx Companies Inc | 股票-循環性消費 | 0.74% | -0.11% | +1.03% | |
| 37 | TEL | TE Connectivity plc | 股票-科技 | 0.73% | -0.10% | -0.12% | |
| 38 | NSC | Norfolk Southern CORP | 股票-工業 | 0.71% | -0.01% | +3.66% | |
| 39 | LYV | Live Nation Entertainment In | 股票-通訊服務 | 0.68% | -0.05% | -3.70% | |
| 40 | LOW | Lowe's Cos Inc | 股票-循環性消費 | 0.68% | -0.11% | -0.05% | |
| 41 | C | Citigroup Inc | 股票-金融 | 0.68% | +0.05% | +0.03% | |
| 42 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.65% | -0.12% | -0.10% | |
| 43 | DKNG | Draftkings Inc-cl A | 股票-循環性消費 | 0.64% | +0.02% | +11.21% | |
| 44 | BDX | Becton Dickinson And Co | 股票-醫療保健 | 0.64% | -0.08% | -4.76% | |
| 45 | ABT | Abbott Laboratories | 股票-醫療保健 | 0.63% | +0.29% | -0.87% | |
| 46 | ICE | Intercontinental Exchange In | 股票-金融 | 0.63% | -0.21% | -0.25% | |
| 47 | UBER | Uber Technologies Inc | 股票-工業 | 0.62% | -0.05% | -1.30% | |
| 48 | CMCSA | Comcast Corp-class A | 股票-通訊服務 | 0.61% | -0.29% | -5.35% | |
| 49 | UNP | Union Pacific CORP | 股票-工業 | 0.61% | — | +56.63% | |
| 50 | MRVL | Marvell Technology Inc | 股票-科技 | 0.60% | +0.27% | +225.78% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | QQQ | Invesco Qqq Trust Series 1 | +0.8% | +996.06% | 加碼 |
| 2 | XOM | Exxon Mobil CORP | +0.6% | +94.23% | 加碼 |
| 3 | MRVL | Marvell Technology Inc | +0.4% | +225.78% | 加碼 |
| 4 | MRSH | Marsh & Mclennan Cos | +0.4% | +419.03% | 加碼 |
| 5 | CTAS | Cintas CORP | +0.4% | +1309.85% | 加碼 |
| 6 | MKL | Markel Group Inc | +0.3% | +2.42% | 加碼 |
| 7 | ACN | Accenture plc | +0.3% | +27.74% | 加碼 |
| 8 | CARR | Carrier Global CORP | +0.3% | +851.27% | 加碼 |
| 9 | COO | Cooper Cos Inc/the | +0.2% | +1359.72% | 加碼 |
| 10 | UNP | Union Pacific CORP | +0.2% | +56.63% | 加碼 |
| 11 | VOO | Vanguard S&p 500 ETF | +0.2% | +17.10% | 加碼 |
| 12 | AMZN | Amazon.com Inc | +0.1% | -0.21% | 減碼 |
| 13 | JNJ | Johnson & Johnson | +0.1% | -1.54% | 減碼 |
| 14 | ISRG | Intuitive Surgical Inc | +0.1% | +0.20% | 加碼 |
| 15 | DHR | Danaher CORP | +0.1% | -1.09% | 減碼 |
| 16 | COLD | Americold Realty Trust Inc | +0.1% | +39.93% | 加碼 |
| 17 | GOOG | Alphabet Inc-cl C | +0.1% | -3.75% | 減碼 |
| 18 | AMT | American Tower CORP | +0.1% | +20.70% | 加碼 |
| 19 | C | Citigroup Inc | +0.1% | +0.03% | 加碼 |
| 20 | VIG | Vanguard Dividend Apprec ETF | +0.1% | +8.68% | 加碼 |
| 21 | TMO | Thermo Fisher Scientific Inc | -0.1% | -87.29% | 減碼 |
| 22 | HD | Home Depot Inc | -0.1% | -2.66% | 減碼 |
| 23 | NOW | Servicenow Inc | -0.1% | +407.99% | 加碼 |
| 24 | AAPL | Apple Inc | -0.1% | -10.49% | 減碼 |
| 25 | ENOV | Enovis CORP | -0.1% | -13.10% | 減碼 |
| 26 | ORLY | O'reilly Automotive Inc | -0.1% | -2.41% | 減碼 |
| 27 | BN | Brookfield CORP | -0.1% | +44.61% | 加碼 |
| 28 | SBIO | Alps Medical Breakthroughs | -0.1% | -97.71% | 減碼 |
| 29 | ODFL | Old Dominion Freight Line | -0.1% | -58.05% | 減碼 |
| 30 | BAM | Brookfield Asset Mgmt-a | -0.1% | -1.70% | 減碼 |
| 31 | EA | Electronic Arts Inc | -0.1% | -97.17% | 減碼 |
| 32 | CABO | Cable One Inc | -0.1% | -6.51% | 減碼 |
| 33 | CMCSA | Comcast Corp-class A | -0.1% | -5.35% | 減碼 |
| 34 | SPOT | Spotify Technology S.A. | -0.1% | -0.31% | 減碼 |
| 35 | LYV | Live Nation Entertainment In | -0.1% | -3.70% | 減碼 |
| 36 | GDEN | Golden Entertainment Inc | -0.1% | -77.26% | 減碼 |
| 37 | UBER | Uber Technologies Inc | -0.1% | -1.30% | 減碼 |
| 38 | UNH | Unitedhealth Group Inc | -0.2% | -9.06% | 減碼 |
| 39 | NVO | Novo-nordisk A/s-spons Adr | -0.2% | -16.49% | 減碼 |
| 40 | WYNN | Wynn Resorts LTD | -0.2% | -44.89% | 減碼 |
| 41 | CHTR | Charter Communications Inc-a | -0.2% | -93.50% | 減碼 |
| 42 | ADBE | Adobe Inc | -0.2% | -32.19% | 減碼 |
| 43 | KMX | Carmax Inc | -0.2% | -87.85% | 減碼 |
| 44 | ETSY | Etsy Inc | -0.2% | -81.64% | 減碼 |
| 45 | HPQ | Hp Inc | -0.3% | -96.71% | 減碼 |
| 46 | ORCL | Oracle CORP | -0.4% | -60.29% | 減碼 |
| 47 | META | Meta Platforms Inc-class A | -0.4% | -16.47% | 減碼 |
| 48 | IWM | Ishares Russell 2000 ETF | -0.4% | -94.83% | 減碼 |
| 49 | ARE | Alexandria Real Estate Equit | -0.5% | -95.22% | 減碼 |
| 50 | EMN | Eastman Chemical Co | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，DAVENPORT & Co LLC 在 Q4 2025 季度的美股持倉總市值約為 US$203.5億，共申報了 1231 個公開持股部位。
在 Q4 2025 季度，DAVENPORT & Co LLC 按市值排列的前三大核心持股分別為：BN (3.0%)、AMZN (2.5%)、MSFT (2.5%)。其中最大持股部位 BN 佔據整體投資組合約 3.0% 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
EMN
市值: US$3954.5萬
本季最大獲利了結 / 清倉標的
AMZN
前期市值: US$4.5億
在 Q4 2025 季度中，DAVENPORT & Co LLC 共進行了 50 項持倉異動，包含新建倉 1 個部位、加碼 18 個部位、減碼 31 個部位以及清倉 0 個部位。 其中最大新建倉標的為 EMN。
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。