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
62 檔
32.4%
Q1 2026 季度申報顯示，Davidson Kahn Capital Management, LLC 揭露的美股組合總市值為 US$2.3億，涵蓋 62 個不同之權益投資部位。
Davidson Kahn Capital Management, LLC 在 Q1 2026 進行了結構性的板塊輪動與部位換股。在開立 8 個全新部位及加碼 20 檔持股的同時，亦同步清倉 5 檔並減碼 30 檔標的。
檢視投資組合結構，前 5 大主力部位（包含 RSP, VOO, SCHB）占據了總市值的 32.4%，展現出該機構在 Q1 2026 的重點資金聚焦與風險分佈特徵。
本季最大新建倉標的
AVDV
市值: US$489.3萬
本季最大獲利了結 / 清倉標的
RH
前期市值: US$241.1萬
| # | 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 | RSP | Invesco S&p 500 Equal Weight | ETF-大型股與成長 | 10.10% | -0.46% | +6.04% | |
| 2 | VOO | Vanguard S&p 500 ETF | ETF-大型股與成長 | 9.42% | -0.43% | -9.32% | |
| 3 | SCHB | Schwab US Broad Market ETF | ETF-其他 | 8.16% | +0.42% | +21.48% | |
| 4 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 7.37% | +0.91% | +3.84% | |
| 5 | VXUS | Vanguard Total Intl Stock | ETF-其他 | 5.21% | +0.30% | +253.81% | |
| 6 | AMZN | Amazon.com Inc | 股票-循環性消費 | 5.16% | -0.21% | -3.32% | |
| 7 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 3.84% | +0.06% | -5.03% | |
| 8 | PRM | Perimeter Solutions Inc | 股票-其他 | 3.52% | +0.87% | -6.53% | |
| 9 | EZM | Wisdomtree US Midcap Fund | ETF-其他 | 2.89% | -0.30% | -4.94% | |
| 10 | AVDV | Avantis Intl S/c Value ETF | ETF-其他 | 2.61% | -0.06% | — | |
| 11 | CPNG | Coupang Inc | 股票-循環性消費 | 2.51% | -0.45% | +87.85% | |
| 12 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.11% | -0.33% | +0.64% | |
| 13 | AVUV | Avantis US Small Cap Value | ETF-中小型股 | 2.00% | +0.19% | — | |
| 14 | ODFL | Old Dominion Freight Line | 股票-工業 | 1.99% | -0.19% | -6.06% | |
| 15 | CPRT | Copart Inc | 股票-工業 | 1.94% | -0.56% | +9.30% | |
| 16 | APG | Api Group CORP | 股票-工業 | 1.88% | -0.31% | -5.53% | |
| 17 | MSFT | Microsoft CORP | 股票-科技 | 1.87% | -0.16% | +1.37% | |
| 18 | BN | Brookfield CORP | 股票-金融 | 1.86% | -0.29% | +0.19% | |
| 19 | MKL | Markel Group Inc | 股票-金融 | 1.78% | -0.32% | +4.30% | |
| 20 | AAPL | Apple Inc | 股票-科技 | 1.64% | -0.29% | -28.34% | |
| 21 | KKR | Kkr & Co Inc | 股票-金融 | 1.61% | -0.30% | +32.41% | |
| 22 | FND | Floor & Decor Holdings Inc-a | 股票-循環性消費 | 1.57% | +0.35% | +9.27% | |
| 23 | APPF | Appfolio Inc - A | 股票-科技 | 1.49% | -0.19% | +93.09% | |
| 24 | BRO | Brown & Brown Inc | 股票-金融 | 1.45% | -0.30% | +25.71% | |
| 25 | BAM | Brookfield Asset Mgmt-a | 股票-金融 | 1.29% | -0.23% | +0.66% | |
| 26 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.16% | -0.19% | -27.32% | |
| 27 | COWZ | Pacer US Cash Cows 100 ETF | ETF-其他 | 1.05% | +0.02% | — | |
| 28 | MSCI | Msci Inc | 股票-金融 | 1.00% | -0.19% | +15.85% | |
| 29 | TSLA | Tesla Inc | 股票-循環性消費 | 0.97% | -0.12% | -0.10% | |
| 30 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 0.92% | +0.45% | -3.63% | |
| 31 | ASML | ASML Holding N.V. | 股票-科技 | 0.86% | +0.18% | -4.97% | |
| 32 | BX | Blackstone Inc | 股票-金融 | 0.83% | -0.17% | +6.14% | |
| 33 | NVDA | Nvidia CORP | 股票-科技 | 0.73% | +0.24% | -0.24% | |
| 34 | QUAL | Ishares Msci USA Quality Fac | ETF-其他 | 0.61% | +0.26% | — | |
| 35 | VTI | Vanguard Total Stock Mkt ETF | ETF-其他 | 0.59% | +0.05% | -13.41% | |
| 36 | ANET | Arista Networks Inc | 股票-科技 | 0.47% | +0.05% | -18.60% | |
| 37 | SCHW | Schwab (charles) CORP | 股票-金融 | 0.46% | -0.11% | -16.18% | |
| 38 | NVR | Nvr Inc | 股票-循環性消費 | 0.36% | -0.10% | -67.90% | |
| 39 | VEU | Vanguard Ftse All-world Ex-u | ETF-其他 | 0.35% | -0.04% | — | |
| 40 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.34% | -0.06% | -12.92% | |
| 41 | FNDF | Schwab Fndmn Intl Lrg Co ETF | ETF-其他 | 0.32% | -0.05% | -37.64% | |
| 42 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.31% | — | -6.41% | |
| 43 | CRWD | Crowdstrike Holdings Inc - A | 股票-科技 | 0.26% | +0.11% | — | |
| 44 | AVGO | Broadcom Inc | 股票-科技 | 0.25% | +0.73% | +2.35% | |
| 45 | WSO | Watsco Inc | 股票-工業 | 0.25% | -0.04% | -59.60% | |
| 46 | FNDE | Schwab Fndmntl Em Mrk Eq ETF | ETF-其他 | 0.25% | -0.04% | -41.51% | |
| 47 | XLK | Ss Technology Select Sector | ETF-科技型 | 0.20% | +0.03% | +1.79% | |
| 48 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.19% | +0.05% | -16.41% | |
| 49 | SHW | Sherwin-williams Co/the | 股票-原物料 | 0.18% | -0.03% | -38.65% | |
| 50 | ABNB | Airbnb Inc-class A | 股票-循環性消費 | 0.18% | -0.02% | -82.18% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | VXUS | Vanguard Total Intl Stock | +3.8% | +253.81% | 加碼 |
| 2 | SCHB | Schwab US Broad Market ETF | +1.4% | +21.48% | 加碼 |
| 3 | CPNG | Coupang Inc | +0.9% | +87.85% | 加碼 |
| 4 | RSP | Invesco S&p 500 Equal Weight | +0.8% | +6.04% | 加碼 |
| 5 | APPF | Appfolio Inc - A | +0.4% | +93.09% | 加碼 |
| 6 | ODFL | Old Dominion Freight Line | +0.3% | -6.06% | 減碼 |
| 7 | ASML | ASML Holding N.V. | +0.1% | -4.97% | 減碼 |
| 8 | MSCI | Msci Inc | +0.1% | +15.85% | 加碼 |
| 9 | BRO | Brown & Brown Inc | +0.1% | +25.71% | 加碼 |
| 10 | QQQ | Invesco Qqq Trust Series 1 | +0.1% | +3.84% | 加碼 |
| 11 | APG | Api Group CORP | +0.1% | -5.53% | 減碼 |
| 12 | COST | Costco Wholesale CORP | 0% | -6.41% | 減碼 |
| 13 | VEU | Vanguard Ftse All-world Ex-u | 0% | — | 不變 |
| 14 | ONEQ | Fidelity Nasdaq Comp Indx | 0% | +11.78% | 加碼 |
| 15 | XLK | Ss Technology Select Sector | 0% | +1.79% | 加碼 |
| 16 | BLK | Blackrock Inc | 0% | — | 不變 |
| 17 | KKR | Kkr & Co Inc | 0% | +32.41% | 加碼 |
| 18 | AVGO | Broadcom Inc | 0% | +2.35% | 加碼 |
| 19 | TBLA | Taboola.com Ltd. | 0% | — | 不變 |
| 20 | NVDA | Nvidia CORP | 0% | -0.24% | 減碼 |
| 21 | SHOP | Shopify Inc - Class A | 0% | -2.90% | 減碼 |
| 22 | EZM | Wisdomtree US Midcap Fund | -0.1% | -4.94% | 減碼 |
| 23 | JPM | Jpmorgan Chase & Co | -0.1% | -16.41% | 減碼 |
| 24 | CRWD | Crowdstrike Holdings Inc - A | -0.1% | — | 不變 |
| 25 | SPY | Ss Spdr S&p 500 ETF Trust-us | -0.1% | -3.63% | 減碼 |
| 26 | AXON | Axon Enterprise Inc | -0.1% | -11.80% | 減碼 |
| 27 | GOOG | Alphabet Inc-cl C | -0.1% | -12.92% | 減碼 |
| 28 | MKL | Markel Group Inc | -0.1% | +4.30% | 加碼 |
| 29 | CPRT | Copart Inc | -0.1% | +9.30% | 加碼 |
| 30 | FND | Floor & Decor Holdings Inc-a | -0.1% | +9.27% | 加碼 |
| 31 | SCHW | Schwab (charles) CORP | -0.1% | -16.18% | 減碼 |
| 32 | VTI | Vanguard Total Stock Mkt ETF | -0.1% | -13.41% | 減碼 |
| 33 | SHW | Sherwin-williams Co/the | -0.1% | -38.65% | 減碼 |
| 34 | ANET | Arista Networks Inc | -0.1% | -18.60% | 減碼 |
| 35 | FNDE | Schwab Fndmntl Em Mrk Eq ETF | -0.1% | -41.51% | 減碼 |
| 36 | FNDF | Schwab Fndmn Intl Lrg Co ETF | -0.1% | -37.64% | 減碼 |
| 37 | FNDC | Schwab Fndmnt Intl Sm Eq ETF | -0.2% | -50.57% | 減碼 |
| 38 | TSLA | Tesla Inc | -0.2% | -0.10% | 減碼 |
| 39 | BAM | Brookfield Asset Mgmt-a | -0.2% | +0.66% | 加碼 |
| 40 | BX | Blackstone Inc | -0.2% | +6.14% | 加碼 |
| 41 | BN | Brookfield CORP | -0.2% | +0.19% | 加碼 |
| 42 | META | Meta Platforms Inc-class A | -0.3% | +0.64% | 加碼 |
| 43 | WSO | Watsco Inc | -0.3% | -59.60% | 減碼 |
| 44 | GOOGL | Alphabet Inc-cl A | -0.5% | -5.03% | 減碼 |
| 45 | BRK-B | Berkshire Hathaway Inc-cl B | -0.5% | -27.32% | 減碼 |
| 46 | MSFT | Microsoft CORP | -0.5% | +1.37% | 加碼 |
| 47 | AMZN | Amazon.com Inc | -0.6% | -3.32% | 減碼 |
| 48 | PRM | Perimeter Solutions Inc | -0.6% | -6.53% | 減碼 |
| 49 | AAPL | Apple Inc | -0.8% | -28.34% | 減碼 |
| 50 | NVR | Nvr Inc | -0.9% | -67.90% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Davidson Kahn Capital Management, LLC 在 Q1 2026 季度的美股持倉總市值約為 US$2.3億，共申報了 62 個公開持股部位。
在 Q1 2026 季度，Davidson Kahn Capital Management, LLC 按市值排列的前三大核心持股分別為：RSP (10.1%)、VOO (9.4%)、SCHB (8.2%)。其中最大持股部位 RSP 佔據整體投資組合約 10.1% 的權重。
在 Q1 2026 季度中，Davidson Kahn Capital Management, LLC 共進行了 63 項持倉異動，包含新建倉 8 個部位、加碼 20 個部位、減碼 30 個部位以及清倉 5 個部位。 其中最大新建倉標的為 AVDV。 本季清倉部位包含 RH。
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。
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。
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。