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: 0001811806
申報總市值
US$1.7億
US$1.7億
615 檔
26.4%
Q3 2025 季度申報顯示，Davis Capital Management 揭露的美股組合總市值為 US$1.7億，涵蓋 615 個不同之權益投資部位。
觀察 Q3 2025 的申報異動，Davis Capital Management 採取了強勁的買進策略，建倉與加碼動作（合計 34 筆）涵蓋多個核心板塊，展現機構對特定產業前景之樂觀態度。
整體而言，Davis Capital Management 的前 5 大持股（包含 SCHB, SCHD, SCHF）貢獻了組合市值的 26.4%，形成該機構在 Q3 2025 季度的基本面基石。
僅顯示前 200 大持股（共 615 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 | SCHB | Schwab US Broad Market ETF | ETF-其他 | 14.03% | +0.37% | +8.41% | |
| 2 | SCHD | Schwab US Dvd Equity ETF | ETF-其他 | 5.38% | -0.68% | -2.84% | |
| 3 | SCHF | Schwab Intl Equity ETF | ETF-其他 | 5.02% | +0.10% | +8.77% | |
| 4 | SCHA | Schwab US Small-cap ETF | ETF-其他 | 3.57% | +0.44% | +4.38% | |
| 5 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 2.95% | +0.24% | +1.21% | |
| 6 | AAPL | Apple Inc | 股票-科技 | 2.75% | +0.27% | +6.43% | |
| 7 | VTI | Vanguard Total Stock Mkt ETF | ETF-其他 | 2.60% | -0.08% | -0.69% | |
| 8 | MSFT | Microsoft CORP | 股票-科技 | 2.42% | -0.09% | +3.37% | |
| 9 | ALL | Allstate CORP | 股票-金融 | 1.92% | +0.03% | +2.85% | |
| 10 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.85% | +0.16% | +5.07% | |
| 11 | BNY | Bank Of New York Mellon CORP | 股票-金融 | 1.85% | +0.05% | -10.33% | |
| 12 | ORCL | Oracle CORP | 股票-科技 | 1.65% | -0.13% | +0.57% | |
| 13 | V | Visa Inc-class A Shares | 股票-金融 | 1.64% | +0.07% | +2.77% | |
| 14 | WMT | Walmart Inc | 股票-非循環性消費 | 1.56% | -0.40% | -1.90% | |
| 15 | RSG | Republic Services Inc | 股票-工業 | 1.55% | -0.15% | -3.45% | |
| 16 | CSCO | Cisco Systems Inc | 股票-科技 | 1.54% | +0.23% | +0.01% | |
| 17 | UNP | Union Pacific CORP | 股票-工業 | 1.45% | +0.05% | +7.32% | |
| 18 | SCHH | Schwab US Reit ETF | ETF-其他 | 1.43% | +0.02% | +3.19% | |
| 19 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.40% | -0.21% | +3.59% | |
| 20 | AN | Autonation Inc | 股票-循環性消費 | 1.40% | -0.14% | -3.31% | |
| 21 | KO | Coca-cola Co/the | 股票-非循環性消費 | 1.38% | -0.09% | +3.76% | |
| 22 | AMGN | Amgen Inc | 股票-醫療保健 | 1.28% | -0.17% | +6.15% | |
| 23 | G | Genpact Limited | 股票-科技 | 1.16% | -0.50% | +4.56% | |
| 24 | ETN | Eaton Corporation plc | 股票-工業 | 1.12% | +0.05% | -6.45% | |
| 25 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 1.06% | — | -0.13% | |
| 26 | VOYA | Voya Financial Inc | 股票-金融 | 1.03% | +0.14% | +6.75% | |
| 27 | SCHG | Schwab US Large-cap Growth | ETF-其他 | 1.02% | +0.12% | +109.32% | |
| 28 | KMI | Kinder Morgan, Inc. | 股票-能源 | 0.99% | -0.20% | -2.24% | |
| 29 | ADBE | Adobe Inc | 股票-科技 | 0.98% | — | +12.39% | |
| 30 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.97% | -0.03% | -0.25% | |
| 31 | RIO | Rio Tinto Plc-spon Adr | 股票-原物料 | 0.96% | -0.24% | +22.97% | |
| 32 | EVRG | Evergy Inc | 股票-公用事業 | 0.96% | +0.02% | +11.03% | |
| 33 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.95% | -0.13% | +0.48% | |
| 34 | CMCSA | Comcast Corp-class A | 股票-通訊服務 | 0.94% | +0.06% | +4.74% | |
| 35 | CHKP | Check Point Software Technologies Ltd. | 股票-科技 | 0.88% | -0.23% | +37.15% | |
| 36 | MDT | Medtronic plc | 股票-醫療保健 | 0.87% | -0.06% | +85.49% | |
| 37 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.86% | — | -0.11% | |
| 38 | CSGP | Costar Group Inc | 股票-房地產 | 0.83% | -0.36% | -1.11% | |
| 39 | ITW | Illinois Tool Works | 股票-工業 | 0.81% | +0.02% | +31.59% | |
| 40 | LMT | Lockheed Martin CORP | 股票-工業 | 0.77% | -0.14% | +13.07% | |
| 41 | SSNC | Ss&c Technologies Holdings | 股票-科技 | 0.74% | -0.04% | +29.68% | |
| 42 | GD | General Dynamics CORP | 股票-工業 | 0.70% | +0.03% | +18.87% | |
| 43 | VEU | Vanguard Ftse All-world Ex-u | ETF-其他 | 0.70% | -0.02% | -0.18% | |
| 44 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.69% | -0.09% | -2.05% | |
| 45 | FDX | Fedex CORP | 股票-工業 | 0.68% | -0.25% | +15.53% | |
| 46 | AKAM | Akamai Technologies Inc | 股票-科技 | 0.67% | -0.23% | +41.00% | |
| 47 | NET | Cloudflare Inc - Class A | 股票-科技 | 0.65% | +0.01% | +0.07% | |
| 48 | MDLZ | Mondelez International Inc-a | 股票-非循環性消費 | 0.62% | +0.07% | +14.29% | |
| 49 | QCOM | Qualcomm Inc | 股票-科技 | 0.62% | +0.12% | +835.24% | |
| 50 | MO | Altria Group Inc | 股票-非循環性消費 | 0.61% | -0.04% | -3.29% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | SCHB | Schwab US Broad Market ETF | +1.6% | +8.41% | 加碼 |
| 2 | GOOG | Alphabet Inc-cl C | +0.8% | +1.21% | 加碼 |
| 3 | ORCL | Oracle CORP | +0.7% | +0.57% | 加碼 |
| 4 | SCHG | Schwab US Large-cap Growth | +0.6% | +109.32% | 加碼 |
| 5 | QCOM | Qualcomm Inc | +0.6% | +835.24% | 加碼 |
| 6 | SCHF | Schwab Intl Equity ETF | +0.5% | +8.77% | 加碼 |
| 7 | MSFT | Microsoft CORP | +0.5% | +3.37% | 加碼 |
| 8 | MDT | Medtronic plc | +0.4% | +85.49% | 加碼 |
| 9 | SCHA | Schwab US Small-cap ETF | +0.3% | +4.38% | 加碼 |
| 10 | NET | Cloudflare Inc - Class A | +0.3% | +0.07% | 加碼 |
| 11 | AVGO | Broadcom Inc | +0.2% | +2059.52% | 加碼 |
| 12 | NVDA | Nvidia CORP | +0.2% | -5.01% | 減碼 |
| 13 | AAPL | Apple Inc | +0.2% | +6.43% | 加碼 |
| 14 | AN | Autonation Inc | +0.2% | -3.31% | 減碼 |
| 15 | GD | General Dynamics CORP | +0.2% | +18.87% | 加碼 |
| 16 | RIO | Rio Tinto Plc-spon Adr | +0.1% | +22.97% | 加碼 |
| 17 | ITW | Illinois Tool Works | +0.1% | +31.59% | 加碼 |
| 18 | TGT | Target CORP | +0.1% | +162.69% | 加碼 |
| 19 | ETN | Eaton Corporation plc | +0.1% | -6.45% | 減碼 |
| 20 | SSNC | Ss&c Technologies Holdings | +0.1% | +29.68% | 加碼 |
| 21 | CVX | Chevron CORP | +0.1% | +72.41% | 加碼 |
| 22 | GOOGL | Alphabet Inc-cl A | +0.1% | +7.34% | 加碼 |
| 23 | AMZN | Amazon.com Inc | +0.1% | +5.07% | 加碼 |
| 24 | AKAM | Akamai Technologies Inc | +0.1% | +41.00% | 加碼 |
| 25 | VTI | Vanguard Total Stock Mkt ETF | +0.1% | -0.69% | 減碼 |
| 26 | LMT | Lockheed Martin CORP | +0.1% | +13.07% | 加碼 |
| 27 | EVRG | Evergy Inc | +0.1% | +11.03% | 加碼 |
| 28 | CHKP | Check Point Software Technologies Ltd. | +0.1% | +37.15% | 加碼 |
| 29 | LOW | Lowe's Cos Inc | +0.1% | +17.28% | 加碼 |
| 30 | SPY | Ss Spdr S&p 500 ETF Trust-us | 0% | -0.13% | 減碼 |
| 31 | VOYA | Voya Financial Inc | 0% | +6.75% | 加碼 |
| 32 | BNY | Bank Of New York Mellon CORP | 0% | -10.33% | 減碼 |
| 33 | VEU | Vanguard Ftse All-world Ex-u | 0% | -0.18% | 減碼 |
| 34 | WMT | Walmart Inc | 0% | -1.90% | 減碼 |
| 35 | JNJ | Johnson & Johnson | 0% | +3.59% | 加碼 |
| 36 | CSCO | Cisco Systems Inc | -0.1% | +0.01% | 加碼 |
| 37 | UNP | Union Pacific CORP | -0.1% | +7.32% | 加碼 |
| 38 | ALL | Allstate CORP | -0.2% | +2.85% | 加碼 |
| 39 | UNH | Unitedhealth Group Inc | -0.2% | +0.97% | 加碼 |
| 40 | KVUE | Kenvue Inc | -0.2% | +13.85% | 加碼 |
| 41 | SLB | Slb LTD | -0.2% | -6.25% | 減碼 |
| 42 | CMCSA | Comcast Corp-class A | -0.3% | +4.74% | 加碼 |
| 43 | HRL | Hormel Foods CORP | -0.3% | -53.44% | 減碼 |
| 44 | G | Genpact Limited | -0.4% | +4.56% | 加碼 |
| 45 | RSG | Republic Services Inc | -0.4% | -3.45% | 減碼 |
| 46 | DOW | Dow Inc | -0.5% | -97.93% | 減碼 |
| 47 | NXST | Nexstar Media Group Inc | -0.7% | -75.04% | 減碼 |
| 48 | SCHD | Schwab US Dvd Equity ETF | -1.1% | -2.84% | 減碼 |
| 49 | CNC | Centene CORP | — | EXIT | 清倉 |
| 50 | BSGT | Invesco Bulletshares 2029 Treasury Bond ETF | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Davis Capital Management 在 Q3 2025 季度的美股持倉總市值約為 US$1.7億，共申報了 615 個公開持股部位。
在 Q3 2025 季度，Davis Capital Management 按市值排列的前三大核心持股分別為：SCHB (14.0%)、SCHD (5.4%)、SCHF (5.0%)。其中最大持股部位 SCHB 佔據整體投資組合約 14.0% 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。
本季最大獲利了結 / 清倉標的
CNC
前期市值: US$112.0萬
在 Q3 2025 季度中，Davis Capital Management 共進行了 50 項持倉異動，包含新建倉 0 個部位、加碼 34 個部位、減碼 14 個部位以及清倉 2 個部位。 本季清倉部位包含 CNC。
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。