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: 0001808748
申報總市值
US$6.2億
US$6.2億
90 檔
37.3%
Q3 2025 季度申報顯示，Davidson Capital Management Inc. 揭露的美股組合總市值為 US$6.2億，涵蓋 90 個不同之權益投資部位。
在 Q3 2025，Davidson Capital Management Inc. 操作展現出積極擴展與加碼意向。本季共新建倉 5 個新部位，並對 33 個既有持股進行加碼（合計增持 38 檔），相較減碼與清倉部位顯著佔優。
整體而言，Davidson Capital Management Inc. 的前 5 大持股（包含 VCIT, XMMO, SPHQ）貢獻了組合市值的 37.3%，形成該機構在 Q3 2025 季度的基本面基石。
| # | 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 | VCIT | Vanguard Int-term Corporate | ETF-投資等級公司債 | 15.98% | -1.98% | -0.77% | |
| 2 | XMMO | Invesco S&p Midcap Momentum | ETF-其他 | 11.75% | +0.09% | -0.10% | |
| 3 | SPHQ | Invesco S&p 500 Quality ETF | ETF-大型股與成長 | 10.30% | +0.17% | +3.02% | |
| 4 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 7.06% | +0.34% | +0.10% | |
| 5 | RSP | Invesco S&p 500 Equal Weight | ETF-大型股與成長 | 6.89% | — | +0.42% | |
| 6 | VCLT | Vanguard Long-term CORP Bond | ETF-投資等級公司債 | 6.39% | -0.80% | +25.81% | |
| 7 | FIX | Comfort Systems USA Inc | 股票-工業 | 1.38% | +0.29% | -5.41% | |
| 8 | VRT | Vertiv Holdings Co-a | 股票-工業 | 1.15% | +0.20% | -2.42% | |
| 9 | NVDA | Nvidia CORP | 股票-科技 | 1.13% | +0.03% | -2.95% | |
| 10 | MEDP | Medpace Holdings Inc | 股票-醫療保健 | 1.06% | +0.01% | -3.00% | |
| 11 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.03% | +0.10% | -1.94% | |
| 12 | AVGO | Broadcom Inc | 股票-科技 | 0.99% | +0.08% | -2.27% | |
| 13 | KLAC | Kla CORP | 股票-科技 | 0.97% | +0.83% | -1.11% | |
| 14 | VEEV | Veeva Systems Inc-class A | 股票-醫療保健 | 0.96% | — | -1.68% | |
| 15 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.96% | +0.02% | -1.61% | |
| 16 | URI | United Rentals Inc | 股票-工業 | 0.95% | +0.08% | -2.02% | |
| 17 | GEV | GE Vernova Inc | 股票-工業 | 0.94% | +0.23% | -2.05% | |
| 18 | AMAT | Applied Materials Inc | 股票-科技 | 0.93% | +0.21% | -0.84% | |
| 19 | MPWR | Monolithic Power Systems Inc | 股票-科技 | 0.93% | +0.12% | -1.26% | |
| 20 | CAT | Caterpillar Inc | 股票-工業 | 0.92% | +0.09% | -1.31% | |
| 21 | HALO | Halozyme Therapeutics Inc | 股票-醫療保健 | 0.91% | — | -1.03% | |
| 22 | ENSG | Ensign Group Inc/the | 股票-醫療保健 | 0.90% | -0.30% | -1.48% | |
| 23 | MSFT | Microsoft CORP | 股票-科技 | 0.89% | -0.07% | -1.20% | |
| 24 | GTLS | Chart Industries Inc | 股票-工業 | 0.89% | — | -8.44% | |
| 25 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.88% | +0.16% | +28.57% | |
| 26 | AAPL | Apple Inc | 股票-科技 | 0.88% | -0.21% | +8.31% | |
| 27 | EME | Emcor Group Inc | 股票-工業 | 0.87% | +0.01% | -0.89% | |
| 28 | PH | Parker Hannifin CORP | 股票-工業 | 0.83% | -0.01% | -1.11% | |
| 29 | PANW | Palo Alto Networks Inc | 股票-科技 | 0.82% | +0.77% | -0.25% | |
| 30 | FTNT | Fortinet Inc | 股票-科技 | 0.81% | +0.47% | +31.14% | |
| 31 | JEF | Jefferies Financial Group In | 股票-金融 | 0.81% | — | -0.69% | |
| 32 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.80% | — | — | |
| 33 | ENVA | Enova International Inc | 股票-金融 | 0.79% | +0.25% | — | |
| 34 | AMZN | Amazon.com Inc | 股票-循環性消費 | 0.79% | — | -0.59% | |
| 35 | SNPS | Synopsys Inc | 股票-科技 | 0.78% | +0.02% | -1.04% | |
| 36 | VRTX | Vertex Pharmaceuticals Inc | 股票-醫療保健 | 0.77% | — | +21.75% | |
| 37 | ADSK | Autodesk Inc | 股票-科技 | 0.76% | -0.05% | -0.15% | |
| 38 | INTU | Intuit Inc | 股票-科技 | 0.76% | -0.17% | -0.28% | |
| 39 | V | Visa Inc-class A Shares | 股票-金融 | 0.75% | +0.03% | +0.05% | |
| 40 | EXP | Eagle Materials Inc | 股票-原物料 | 0.75% | — | +0.06% | |
| 41 | HD | Home Depot Inc | 股票-循環性消費 | 0.73% | — | -0.64% | |
| 42 | NOW | Servicenow Inc | 股票-科技 | 0.72% | -0.06% | +13.49% | |
| 43 | SYK | Stryker CORP | 股票-醫療保健 | 0.72% | -0.04% | +0.10% | |
| 44 | NFLX | Netflix Inc | 股票-通訊服務 | 0.71% | -0.19% | +0.26% | |
| 45 | DT | Dynatrace Inc | 股票-科技 | 0.69% | — | — | |
| 46 | FANG | Diamondback Energy Inc | 股票-能源 | 0.67% | — | +0.74% | |
| 47 | OC | Owens Corning | 股票-工業 | 0.66% | — | +0.34% | |
| 48 | KNSL | Kinsale Capital Group Inc | 股票-金融 | 0.66% | -0.07% | +0.98% | |
| 49 | TXRH | Texas Roadhouse Inc | 股票-循環性消費 | 0.64% | — | +0.99% | |
| 50 | CRM | Salesforce Inc | 股票-科技 | 0.63% | -0.18% | +0.95% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | XMMO | Invesco S&p Midcap Momentum | +3.4% | -0.10% | 加碼 |
| 2 | QQQ | Invesco Qqq Trust Series 1 | +1.8% | +0.10% | 加碼 |
| 3 | VCLT | Vanguard Long-term CORP Bond | +1.5% | +25.81% | 加碼 |
| 4 | FIX | Comfort Systems USA Inc | +0.8% | -5.41% | 加碼 |
| 5 | VRT | Vertiv Holdings Co-a | +0.6% | -2.42% | 加碼 |
| 6 | NVDA | Nvidia CORP | +0.5% | -2.95% | 加碼 |
| 7 | AVGO | Broadcom Inc | +0.4% | -2.27% | 加碼 |
| 8 | GOOGL | Alphabet Inc-cl A | +0.4% | -1.94% | 加碼 |
| 9 | MEDP | Medpace Holdings Inc | +0.3% | -3.00% | 加碼 |
| 10 | GTLS | Chart Industries Inc | +0.3% | -8.44% | 加碼 |
| 11 | JEF | Jefferies Financial Group In | +0.2% | -0.69% | 加碼 |
| 12 | URI | United Rentals Inc | +0.2% | -2.02% | 加碼 |
| 13 | AMAT | Applied Materials Inc | +0.2% | -0.84% | 加碼 |
| 14 | GEV | GE Vernova Inc | +0.2% | -2.05% | 減碼 |
| 15 | GS | Goldman Sachs Group Inc | +0.2% | -1.61% | 加碼 |
| 16 | CAT | Caterpillar Inc | +0.2% | -1.31% | 加碼 |
| 17 | MSFT | Microsoft CORP | +0.1% | -1.20% | 加碼 |
| 18 | MPWR | Monolithic Power Systems Inc | +0.1% | -1.26% | 減碼 |
| 19 | AAPL | Apple Inc | +0.1% | +8.31% | 加碼 |
| 20 | KLAC | Kla CORP | +0.1% | -1.11% | 減碼 |
| 21 | ENSG | Ensign Group Inc/the | +0.1% | -1.48% | 加碼 |
| 22 | NOW | Servicenow Inc | +0.1% | +13.49% | 加碼 |
| 23 | AMZN | Amazon.com Inc | +0.1% | -0.59% | 加碼 |
| 24 | VEEV | Veeva Systems Inc-class A | +0.1% | -1.68% | 減碼 |
| 25 | SNPS | Synopsys Inc | 0% | -1.04% | 加碼 |
| 26 | PH | Parker Hannifin CORP | 0% | -1.11% | 加碼 |
| 27 | PANW | Palo Alto Networks Inc | 0% | -0.25% | 加碼 |
| 28 | ADSK | Autodesk Inc | 0% | -0.15% | 加碼 |
| 29 | LLY | Eli Lilly & Co | — | +28.57% | 加碼 |
| 30 | EXP | Eagle Materials Inc | — | +0.06% | 加碼 |
| 31 | FTNT | Fortinet Inc | 0% | +31.14% | 加碼 |
| 32 | OC | Owens Corning | 0% | +0.34% | 加碼 |
| 33 | INTU | Intuit Inc | -0.1% | -0.28% | 加碼 |
| 34 | MUSA | Murphy USA Inc | -0.2% | +1.29% | 加碼 |
| 35 | FISV | Fiserv Inc | -0.3% | +8.34% | 加碼 |
| 36 | MANH | Manhattan Associates Inc | -0.6% | -99.65% | 減碼 |
| 37 | RSP | Invesco S&p 500 Equal Weight | -0.6% | +0.42% | 加碼 |
| 38 | SPHQ | Invesco S&p 500 Quality ETF | -0.6% | +3.02% | 加碼 |
| 39 | LULU | Lululemon Athletica Inc | -0.6% | -99.57% | 減碼 |
| 40 | ADBE | Adobe Inc | -0.7% | -99.63% | 減碼 |
| 41 | CB | Chubb Limited | -0.9% | -99.67% | 減碼 |
| 42 | IJR | Ishares Core S&p Small-cap E | -1.3% | — | 減碼 |
| 43 | VIOO | Vanguard S&p Small-cap 600 E | -2.8% | -25.53% | 減碼 |
| 44 | VCIT | Vanguard Int-term Corporate | -4.1% | -0.77% | 減碼 |
| 45 | EME | Emcor Group Inc | — | NEW | 新建倉 |
| 46 | JPM | Jpmorgan Chase & Co | — | NEW | 新建倉 |
| 47 | ENVA | Enova International Inc | — | NEW | 新建倉 |
| 48 | UNH | Unitedhealth Group Inc | — | EXIT | 清倉 |
| 49 | DT | Dynatrace Inc | — | NEW | 新建倉 |
| 50 | TDG | Transdigm Group Inc | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Davidson Capital Management Inc. 在 Q3 2025 季度的美股持倉總市值約為 US$6.2億，共申報了 90 個公開持股部位。
在 Q3 2025 季度，Davidson Capital Management Inc. 按市值排列的前三大核心持股分別為：VCIT (16.0%)、XMMO (11.8%)、SPHQ (10.3%)。其中最大持股部位 VCIT 佔據整體投資組合約 16.0% 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
EME
市值: US$389.8萬
本季最大獲利了結 / 清倉標的
UNH
前期市值: US$318.3萬
在 Q3 2025 季度中，Davidson Capital Management Inc. 共進行了 50 項持倉異動，包含新建倉 5 個部位、加碼 33 個部位、減碼 11 個部位以及清倉 1 個部位。 其中最大新建倉標的為 EME。 本季清倉部位包含 UNH。
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。