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: 0002055535
申報總市值
US$2.3億
US$2.3億
60 檔
29.5%
截至 Q3 2025 季度末，Davidson Kahn Capital Management, LLC 的美股持倉估值約為 US$2.3億，全數申報部位共有 60 檔。
在 Q3 2025，Davidson Kahn Capital Management, LLC 操作展現出積極擴展與加碼意向。本季共新建倉 7 個新部位，並對 34 個既有持股進行加碼（合計增持 41 檔），相較減碼與清倉部位顯著佔優。
整體而言，Davidson Kahn Capital Management, LLC 的前 5 大持股（包含 VOO, RSP, QQQ）貢獻了組合市值的 29.5%，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 | VOO | Vanguard S&p 500 ETF | ETF-大型股與成長 | 10.36% | -0.43% | +2.94% | |
| 2 | RSP | Invesco S&p 500 Equal Weight | ETF-大型股與成長 | 8.42% | -0.46% | +10.41% | |
| 3 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 7.20% | +0.91% | +7.05% | |
| 4 | SCHB | Schwab US Broad Market ETF | ETF-其他 | 6.58% | +0.42% | +8.38% | |
| 5 | AMZN | Amazon.com Inc | 股票-循環性消費 | 5.70% | -0.21% | +0.22% | |
| 6 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 4.02% | +0.06% | -0.13% | |
| 7 | PRM | Perimeter Solutions Inc | 股票-其他 | 3.61% | +0.87% | -0.33% | |
| 8 | EZM | Wisdomtree US Midcap Fund | ETF-其他 | 2.94% | -0.30% | +12.69% | |
| 9 | MSFT | Microsoft CORP | 股票-科技 | 2.70% | -0.16% | +0.27% | |
| 10 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.63% | -0.33% | +0.97% | |
| 11 | AAPL | Apple Inc | 股票-科技 | 2.28% | -0.29% | -0.89% | |
| 12 | BN | Brookfield CORP | 股票-金融 | 2.19% | -0.29% | +0.05% | |
| 13 | CPNG | Coupang Inc | 股票-循環性消費 | 1.91% | -0.45% | -0.45% | |
| 14 | CSGP | Costar Group Inc | 股票-房地產 | 1.85% | -0.13% | EXIT | |
| 15 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.79% | -0.19% | -3.88% | |
| 16 | APG | Api Group CORP | 股票-工業 | 1.76% | -0.31% | +48.90% | |
| 17 | MKL | Markel Group Inc | 股票-金融 | 1.75% | -0.32% | -0.24% | |
| 18 | KKR | Kkr & Co Inc | 股票-金融 | 1.72% | -0.30% | -2.68% | |
| 19 | BAM | Brookfield Asset Mgmt-a | 股票-金融 | 1.70% | -0.23% | -0.05% | |
| 20 | CPRT | Copart Inc | 股票-工業 | 1.68% | -0.56% | +40.89% | |
| 21 | WD | Walker & Dunlop Inc | 股票-其他 | 1.67% | -0.01% | +1.46% | |
| 22 | DFH | Dream Finders Homes Inc - A | 股票-其他 | 1.53% | — | -0.45% | |
| 23 | ODFL | Old Dominion Freight Line | 股票-工業 | 1.48% | -0.19% | +125.47% | |
| 24 | FND | Floor & Decor Holdings Inc-a | 股票-循環性消費 | 1.47% | +0.35% | +2.35% | |
| 25 | NVR | Nvr Inc | 股票-循環性消費 | 1.42% | -0.10% | +4.26% | |
| 26 | RH | Rh | 股票-循環性消費 | 1.41% | — | +0.53% | |
| 27 | APPF | Appfolio Inc - A | 股票-科技 | 1.41% | -0.19% | -0.50% | |
| 28 | BRO | Brown & Brown Inc | 股票-金融 | 1.33% | -0.30% | +61.09% | |
| 29 | BX | Blackstone Inc | 股票-金融 | 1.19% | -0.17% | -2.19% | |
| 30 | TSLA | Tesla Inc | 股票-循環性消費 | 1.13% | -0.12% | +1.67% | |
| 31 | ABNB | Airbnb Inc-class A | 股票-循環性消費 | 1.04% | -0.02% | -3.39% | |
| 32 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 0.97% | +0.45% | +1.80% | |
| 33 | VXUS | Vanguard Total Intl Stock | ETF-其他 | 0.86% | +0.30% | +134.28% | |
| 34 | MSCI | Msci Inc | 股票-金融 | 0.81% | -0.19% | +22.47% | |
| 35 | ANET | Arista Networks Inc | 股票-科技 | 0.71% | +0.05% | +0.07% | |
| 36 | ASML | ASML Holding N.V. | 股票-科技 | 0.69% | +0.18% | — | |
| 37 | WSO | Watsco Inc | 股票-工業 | 0.68% | -0.04% | +90.17% | |
| 38 | NVDA | Nvidia CORP | 股票-科技 | 0.59% | +0.24% | -7.89% | |
| 39 | SCHW | Schwab (charles) CORP | 股票-金融 | 0.59% | -0.11% | -2.59% | |
| 40 | VTI | Vanguard Total Stock Mkt ETF | ETF-其他 | 0.57% | +0.05% | -12.02% | |
| 41 | TIC | Tic Solutions Inc | 股票-其他 | 0.48% | — | +19.25% | |
| 42 | FNDF | Schwab Fndmn Intl Lrg Co ETF | ETF-其他 | 0.46% | -0.05% | +0.72% | |
| 43 | FNDE | Schwab Fndmntl Em Mrk Eq ETF | ETF-其他 | 0.42% | -0.04% | +0.93% | |
| 44 | TBRG | Trubridge Inc | 股票-其他 | 0.37% | — | +45.22% | |
| 45 | FNDC | Schwab Fndmnt Intl Sm Eq ETF | ETF-其他 | 0.36% | -0.03% | +0.21% | |
| 46 | VEU | Vanguard Ftse All-world Ex-u | ETF-其他 | 0.34% | -0.04% | — | |
| 47 | AXON | Axon Enterprise Inc | 股票-工業 | 0.34% | +0.01% | -0.35% | |
| 48 | SHW | Sherwin-williams Co/the | 股票-原物料 | 0.34% | -0.03% | +2.15% | |
| 49 | IJR | Ishares Core S&p Small-cap E | ETF-中小型股 | 0.33% | — | -0.08% | |
| 50 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.33% | -0.06% | +0.84% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | PRM | Perimeter Solutions Inc | +1.5% | -0.33% | 加碼 |
| 2 | QQQ | Invesco Qqq Trust Series 1 | +0.8% | +7.05% | 加碼 |
| 3 | GOOGL | Alphabet Inc-cl A | +0.6% | -0.13% | 加碼 |
| 4 | ODFL | Old Dominion Freight Line | +0.6% | +125.47% | 加碼 |
| 5 | SCHB | Schwab US Broad Market ETF | +0.3% | +8.38% | 加碼 |
| 6 | TSLA | Tesla Inc | +0.2% | +1.67% | 加碼 |
| 7 | NVDA | Nvidia CORP | +0.2% | -7.89% | 加碼 |
| 8 | META | Meta Platforms Inc-class A | +0.2% | +0.97% | 加碼 |
| 9 | APG | Api Group CORP | +0.2% | +48.90% | 加碼 |
| 10 | ANET | Arista Networks Inc | +0.2% | +0.07% | 減碼 |
| 11 | MSFT | Microsoft CORP | +0.2% | +0.27% | 加碼 |
| 12 | CPNG | Coupang Inc | +0.2% | -0.45% | 加碼 |
| 13 | WSO | Watsco Inc | +0.1% | +90.17% | 加碼 |
| 14 | GOOG | Alphabet Inc-cl C | 0% | +0.84% | 加碼 |
| 15 | JPM | Jpmorgan Chase & Co | 0% | +27.53% | 加碼 |
| 16 | BX | Blackstone Inc | — | -2.19% | 加碼 |
| 17 | VTI | Vanguard Total Stock Mkt ETF | — | -12.02% | 加碼 |
| 18 | AXON | Axon Enterprise Inc | — | -0.35% | 加碼 |
| 19 | CRWD | Crowdstrike Holdings Inc - A | — | — | 不變 |
| 20 | APPF | Appfolio Inc - A | -0.1% | -0.50% | 加碼 |
| 21 | MSCI | Msci Inc | -0.1% | +22.47% | 加碼 |
| 22 | FNDF | Schwab Fndmn Intl Lrg Co ETF | -0.1% | +0.72% | 減碼 |
| 23 | SCHW | Schwab (charles) CORP | -0.1% | -2.59% | 減碼 |
| 24 | BN | Brookfield CORP | -0.1% | +0.05% | 加碼 |
| 25 | EZM | Wisdomtree US Midcap Fund | -0.1% | +12.69% | 加碼 |
| 26 | RSP | Invesco S&p 500 Equal Weight | -0.1% | +10.41% | 加碼 |
| 27 | BRO | Brown & Brown Inc | -0.1% | +61.09% | 加碼 |
| 28 | VOO | Vanguard S&p 500 ETF | -0.2% | +2.94% | 加碼 |
| 29 | DFH | Dream Finders Homes Inc - A | -0.2% | -0.45% | 加碼 |
| 30 | NVR | Nvr Inc | -0.2% | +4.26% | 加碼 |
| 31 | ABNB | Airbnb Inc-class A | -0.2% | -3.39% | 加碼 |
| 32 | SPY | Ss Spdr S&p 500 ETF Trust-us | -0.2% | +1.80% | 減碼 |
| 33 | KKR | Kkr & Co Inc | -0.2% | -2.68% | 加碼 |
| 34 | CPRT | Copart Inc | -0.3% | +40.89% | 加碼 |
| 35 | BAM | Brookfield Asset Mgmt-a | -0.3% | -0.05% | 加碼 |
| 36 | AVGO | Broadcom Inc | -0.3% | +10.24% | 減碼 |
| 37 | FND | Floor & Decor Holdings Inc-a | -0.4% | +2.35% | 加碼 |
| 38 | RH | Rh | -0.4% | +0.53% | 加碼 |
| 39 | AAPL | Apple Inc | -0.5% | -0.89% | 減碼 |
| 40 | WD | Walker & Dunlop Inc | -0.5% | +1.46% | 加碼 |
| 41 | CSGP | Costar Group Inc | -0.6% | -2.38% | 減碼 |
| 42 | AMZN | Amazon.com Inc | -1% | +0.22% | 加碼 |
| 43 | BRK-B | Berkshire Hathaway Inc-cl B | -1% | -3.88% | 減碼 |
| 44 | VXUS | Vanguard Total Intl Stock | — | NEW | 新建倉 |
| 45 | ASML | ASML Holding N.V. | — | NEW | 新建倉 |
| 46 | TIC | Tic Solutions Inc | — | NEW | 新建倉 |
| 47 | TBRG | Trubridge Inc | — | NEW | 新建倉 |
| 48 | ONEQ | Fidelity Nasdaq Comp Indx | — | NEW | 新建倉 |
| 49 | BLK | Blackrock Inc | — | NEW | 新建倉 |
| 50 | ESE | Esco Technologies Inc | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Davidson Kahn Capital Management, LLC 在 Q3 2025 季度的美股持倉總市值約為 US$2.3億，共申報了 60 個公開持股部位。
在 Q3 2025 季度，Davidson Kahn Capital Management, LLC 按市值排列的前三大核心持股分別為：VOO (10.4%)、RSP (8.4%)、QQQ (7.2%)。其中最大持股部位 VOO 佔據整體投資組合約 10.4% 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
VXUS
市值: US$154.5萬
本季最大獲利了結 / 清倉標的
BRK-B
前期市值: US$363.9萬
在 Q3 2025 季度中，Davidson Kahn Capital Management, LLC 共進行了 49 項持倉異動，包含新建倉 7 個部位、加碼 34 個部位、減碼 8 個部位以及清倉 0 個部位。 其中最大新建倉標的為 VXUS。
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。