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: 0001036325
申報總市值
US$232.9億
US$232.9億
100 檔
24.9%
Davis Selected Advisers 在 Q4 2024 季度的美股部位總計估值為 US$232.9億，分散於 100 個持倉標的之中，反映其市場參與廣度與投資規模。
從 Q4 2024 申報觀察，Davis Selected Advisers 採取防禦導向的調倉策略，本季減碼 37 檔個股並出清 2 檔部位，顯示機構在該時期進行風險控制與流動性回收。
在資產配置集中度方面，Davis Selected Advisers 的前 5 大核心持股（包含 COF, META, BRK-A 等）合計佔整體申報市值的 24.9%，反映機構在主要關鍵部位上的權重分佈。
| # | 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 | COF | Capital One Financial CORP | 股票-金融 | 9.59% | -0.02% | -3.94% | |
| 2 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 8.48% | -0.53% | -8.19% | |
| 3 | BRK-A | Berkshire Hathaway Inc-cl A | 股票-其他 | 6.26% | -0.25% | -2.16% | |
| 4 | AMZN | Amazon.com Inc | 股票-循環性消費 | 4.85% | +1.10% | -6.27% | |
| 5 | VTRS | Viatris Inc | 股票-醫療保健 | 4.53% | +0.28% | -0.12% | |
| 6 | AMAT | Applied Materials Inc | 股票-科技 | 4.45% | -1.56% | +14.58% | |
| 7 | MGM | Mgm Resorts International | 股票-循環性消費 | 4.01% | +0.78% | +4.63% | |
| 8 | USB | US Bancorp | 股票-金融 | 4.00% | +0.25% | -0.12% | |
| 9 | MKL | Markel Group Inc | 股票-金融 | 3.72% | +0.04% | +27.94% | |
| 10 | WFC | Wells Fargo & Co | 股票-金融 | 3.53% | -0.15% | -39.46% | |
| 11 | HUM | Humana Inc | 股票-醫療保健 | 3.33% | — | -2.28% | |
| 12 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 3.32% | +0.42% | -1.53% | |
| 13 | CVS | Cvs Health CORP | 股票-醫療保健 | 2.97% | +1.23% | +2998.12% | |
| 14 | TECK | Teck Resources Ltd-cls B | 股票-原物料 | 2.66% | -0.37% | -0.81% | |
| 15 | TXN | Texas Instruments Inc | 股票-科技 | 2.56% | +0.58% | -0.46% | |
| 16 | CI | THE Cigna Group | 股票-醫療保健 | 2.30% | -0.07% | -0.56% | |
| 17 | DGX | Quest Diagnostics Inc | 股票-醫療保健 | 2.10% | -0.04% | -0.08% | |
| 18 | SOLV | Solventum CORP | 股票-醫療保健 | 2.01% | +0.19% | -0.47% | |
| 19 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.89% | -0.06% | -3.94% | |
| 20 | OC | Owens Corning | 股票-工業 | 1.79% | +0.38% | -15.88% | |
| 21 | CB | Chubb Limited | 股票-金融 | 1.76% | -0.11% | -7.07% | |
| 22 | TCOM | Trip.com Group Ltd-adr | 股票-循環性消費 | 1.50% | — | +0.01% | |
| 23 | AGCO | Agco CORP | 股票-工業 | 1.08% | -0.05% | -2.48% | |
| 24 | TSN | Tyson Foods Inc-cl A | 股票-非循環性消費 | 1.03% | -0.74% | -0.99% | |
| 25 | BNY | Bank Of New York Mellon CORP | 股票-金融 | 0.95% | -0.06% | -60.18% | |
| 26 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.92% | -0.08% | -53.00% | |
| 27 | DUSA | Davis Select US Equity ETF | ETF-其他 | 0.83% | +0.03% | +0.03% | |
| 28 | COP | Conocophillips | 股票-能源 | 0.79% | -0.30% | -2.61% | |
| 29 | CPNG | Coupang Inc | 股票-循環性消費 | 0.76% | — | -0.48% | |
| 30 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.72% | -0.03% | -2.81% | |
| 31 | PPLI | People Inc | 股票-通訊服務 | 0.66% | +0.03% | -2.46% | |
| 32 | MSFT | Microsoft CORP | 股票-科技 | 0.62% | +0.02% | -1.22% | |
| 33 | FITB | Fifth Third Bancorp | 股票-金融 | 0.60% | +0.05% | +0.35% | |
| 34 | PNC | Pnc Financial Services Group | 股票-金融 | 0.56% | — | -0.02% | |
| 35 | DINT | Davis Select International | ETF-其他 | 0.49% | — | +0.07% | |
| 36 | AXP | American Express Co | 股票-金融 | 0.47% | -0.02% | -4.54% | |
| 37 | DFNL | Davis Select Financial ETF | ETF-其他 | 0.47% | +0.01% | +0.04% | |
| 38 | DAR | Darling Ingredients Inc | 股票-非循環性消費 | 0.47% | -0.01% | -16.01% | |
| 39 | DWLD | Davis Select Worldwide ETF | ETF-其他 | 0.40% | -0.01% | +0.10% | |
| 40 | SE | Sea Ltd-adr | 股票-通訊服務 | 0.39% | +0.13% | -1.70% | |
| 41 | BEKE | Ke Holdings Inc-adr | 股票-其他 | 0.39% | -0.01% | -37.97% | |
| 42 | YMM | Full Truck Alliance -spn Adr | 股票-其他 | 0.34% | -0.14% | — | |
| 43 | NTES | Netease Inc-adr | 股票-通訊服務 | 0.31% | +0.12% | — | |
| 44 | INTC | Intel CORP | 股票-科技 | 0.30% | — | -79.66% | |
| 45 | BAC | Bank Of America CORP | 股票-金融 | 0.30% | -0.02% | +0.06% | |
| 46 | L | Loews CORP | 股票-金融 | 0.30% | -0.04% | +0.16% | |
| 47 | WCC | Wesco International Inc | 股票-工業 | 0.27% | +0.06% | +0.38% | |
| 48 | ✓ | Bank Of Nt Butterfield&son L | 股票-其他 | 0.23% | — | +0.53% | |
| 49 | IVE | Ishares S&p 500 Value ETF | ETF-大型股與成長 | 0.22% | -0.01% | +1452.80% | |
| 50 | RKT | Rocket Cos Inc-class A | 股票-金融 | 0.21% | -0.02% | +0.23% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | CVS | Cvs Health CORP | +2.8% | +2998.12% | 加碼 |
| 2 | COF | Capital One Financial CORP | +1.5% | -3.94% | 減碼 |
| 3 | MKL | Markel Group Inc | +1.2% | +27.94% | 加碼 |
| 4 | AMZN | Amazon.com Inc | +0.6% | -6.27% | 減碼 |
| 5 | GOOGL | Alphabet Inc-cl A | +0.5% | -1.53% | 減碼 |
| 6 | VTRS | Viatris Inc | +0.5% | -0.12% | 減碼 |
| 7 | YMM | Full Truck Alliance -spn Adr | +0.3% | NEW | 新建倉 |
| 8 | NTES | Netease Inc-adr | +0.3% | NEW | 新建倉 |
| 9 | USB | US Bancorp | +0.3% | -0.12% | 減碼 |
| 10 | TCOM | Trip.com Group Ltd-adr | +0.3% | +0.01% | 加碼 |
| 11 | IVE | Ishares S&p 500 Value ETF | +0.2% | +1452.80% | 加碼 |
| 12 | GOOG | Alphabet Inc-cl C | +0.1% | -2.81% | 減碼 |
| 13 | SE | Sea Ltd-adr | +0.1% | -1.70% | 減碼 |
| 14 | BAC | Bank Of America CORP | 0% | +0.06% | 加碼 |
| 15 | PNC | Pnc Financial Services Group | 0% | -0.02% | 減碼 |
| 16 | DGX | Quest Diagnostics Inc | 0% | -0.08% | 減碼 |
| 17 | MSFT | Microsoft CORP | — | -1.22% | 減碼 |
| 18 | BRK-A | Berkshire Hathaway Inc-cl A | 0% | -2.16% | 減碼 |
| 19 | TSN | Tyson Foods Inc-cl A | 0% | -0.99% | 減碼 |
| 20 | JNJ | Johnson & Johnson | 0% | -12.97% | 減碼 |
| 21 | PSA | Public Storage | 0% | -8.13% | 減碼 |
| 22 | YOU | Clear Secure Inc -class A | 0% | -2.18% | 減碼 |
| 23 | ROICUSD | Retail Opportunity Investmen | 0% | EXIT | 清倉 |
| 24 | UNH | Unitedhealth Group Inc | 0% | -0.03% | 減碼 |
| 25 | DINT | Davis Select International | 0% | +0.07% | 加碼 |
| 26 | BRK-B | Berkshire Hathaway Inc-cl B | 0% | -3.94% | 減碼 |
| 27 | AGCO | Agco CORP | 0% | -2.48% | 減碼 |
| 28 | COP | Conocophillips | 0% | -2.61% | 減碼 |
| 29 | SOLV | Solventum CORP | -0.1% | -0.47% | 減碼 |
| 30 | CPNG | Coupang Inc | -0.1% | -0.48% | 減碼 |
| 31 | PLD | Prologis Inc | -0.1% | -27.45% | 減碼 |
| 32 | BABA | Alibaba Group Holding-sp Adr | -0.1% | EXIT | 清倉 |
| 33 | DAR | Darling Ingredients Inc | -0.1% | -16.01% | 減碼 |
| 34 | JD | Jd.com Inc-adr | -0.1% | -58.99% | 減碼 |
| 35 | RKT | Rocket Cos Inc-class A | -0.1% | +0.23% | 加碼 |
| 36 | CB | Chubb Limited | -0.2% | -7.07% | 減碼 |
| 37 | MGM | Mgm Resorts International | -0.2% | +4.63% | 加碼 |
| 38 | PPLI | People Inc | -0.2% | -2.46% | 減碼 |
| 39 | TXN | Texas Instruments Inc | -0.2% | -0.46% | 減碼 |
| 40 | AMAT | Applied Materials Inc | -0.2% | +14.58% | 加碼 |
| 41 | META | Meta Platforms Inc-class A | -0.2% | -8.19% | 減碼 |
| 42 | BEKE | Ke Holdings Inc-adr | -0.3% | -37.97% | 減碼 |
| 43 | OC | Owens Corning | -0.3% | -15.88% | 減碼 |
| 44 | CI | THE Cigna Group | -0.5% | -0.56% | 減碼 |
| 45 | TECK | Teck Resources Ltd-cls B | -0.7% | -0.81% | 減碼 |
| 46 | JPM | Jpmorgan Chase & Co | -0.7% | -53.00% | 減碼 |
| 47 | HUM | Humana Inc | -0.8% | -2.28% | 減碼 |
| 48 | WFC | Wells Fargo & Co | -1% | -39.46% | 減碼 |
| 49 | BNY | Bank Of New York Mellon CORP | -1.2% | -60.18% | 減碼 |
| 50 | INTC | Intel CORP | -1.4% | -79.66% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Davis Selected Advisers 在 Q4 2024 季度的美股持倉總市值約為 US$232.9億，共申報了 100 個公開持股部位。
在 Q4 2024 季度，Davis Selected Advisers 按市值排列的前三大核心持股分別為：COF (9.6%)、META (8.5%)、BRK-A (6.3%)。其中最大持股部位 COF 佔據整體投資組合約 9.6% 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
YMM
市值: US$5843.2萬
本季最大獲利了結 / 清倉標的
BABA
前期市值: US$1356.0萬
在 Q4 2024 季度中，Davis Selected Advisers 共進行了 50 項持倉異動，包含新建倉 2 個部位、加碼 9 個部位、減碼 37 個部位以及清倉 2 個部位。 其中最大新建倉標的為 YMM。 本季清倉部位包含 BABA。
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。