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
112 檔
26.0%
Davis Selected Advisers 在 Q1 2026 季度的美股部位總計估值為 US$232.9億，分散於 112 個持倉標的之中，反映其市場參與廣度與投資規模。
Davis Selected Advisers 於 Q1 2026 展現出進攻型調倉步調，本季推動了 6 檔股票的新建倉與 64 檔既有部位加碼，整體資金傾向擴大在美股市場的曝險佈局。
在資產配置集中度方面，Davis Selected Advisers 的前 5 大核心持股（包含 COF, CTRA, USB 等）合計佔整體申報市值的 26.0%，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 | 7.15% | -0.02% | -0.87% | |
| 2 | CTRA | Coterra Energy Inc | 股票-能源 | 5.99% | -5.99% | EXIT | |
| 3 | USB | US Bancorp | 股票-金融 | 5.31% | +0.25% | +0.89% | |
| 4 | VTRS | Viatris Inc | 股票-醫療保健 | 4.85% | +0.28% | +0.04% | |
| 5 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 4.52% | -0.53% | -1.93% | |
| 6 | MGM | Mgm Resorts International | 股票-循環性消費 | 4.13% | +0.78% | -9.41% | |
| 7 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 4.09% | +0.42% | -0.77% | |
| 8 | CVS | Cvs Health CORP | 股票-醫療保健 | 4.04% | +1.23% | -4.08% | |
| 9 | TSN | Tyson Foods Inc-cl A | 股票-非循環性消費 | 3.85% | -0.74% | +2.05% | |
| 10 | MKL | Markel Group Inc | 股票-金融 | 3.37% | +0.04% | -7.64% | |
| 11 | AMZN | Amazon.com Inc | 股票-循環性消費 | 3.28% | +1.10% | -0.12% | |
| 12 | BRK-A | Berkshire Hathaway Inc-cl A | 股票-其他 | 3.04% | -0.25% | -2.12% | |
| 13 | WFC | Wells Fargo & Co | 股票-金融 | 2.99% | -0.15% | -0.81% | |
| 14 | CI | THE Cigna Group | 股票-醫療保健 | 2.74% | -0.07% | +196.73% | |
| 15 | TXN | Texas Instruments Inc | 股票-科技 | 2.54% | +0.58% | -0.12% | |
| 16 | TECK | Teck Resources Ltd-cls B | 股票-原物料 | 2.51% | -0.37% | -11.94% | |
| 17 | JBS | Jbs N.v. | 股票-其他 | 2.16% | +0.38% | +121.39% | |
| 18 | LYB | LyondellBasell Industries N.V. | 股票-原物料 | 2.07% | -0.10% | — | |
| 19 | SOLV | Solventum CORP | 股票-醫療保健 | 1.90% | +0.19% | +1.77% | |
| 20 | AMAT | Applied Materials Inc | 股票-科技 | 1.88% | -1.56% | -71.51% | |
| 21 | CB | Chubb Limited | 股票-金融 | 1.79% | -0.11% | +0.74% | |
| 22 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.65% | -0.06% | +1.35% | |
| 23 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 1.55% | +0.73% | -2.04% | |
| 24 | TCOM | Trip.com Group Ltd-adr | 股票-循環性消費 | 1.50% | — | +29.72% | |
| 25 | DGX | Quest Diagnostics Inc | 股票-醫療保健 | 1.46% | -0.04% | +1.76% | |
| 26 | QSR | Restaurant Brands Intern | 股票-循環性消費 | 1.22% | -0.35% | -10.49% | |
| 27 | COP | Conocophillips | 股票-能源 | 1.14% | -0.30% | +4.31% | |
| 28 | AGCO | Agco CORP | 股票-工業 | 1.11% | -0.05% | +1.85% | |
| 29 | YMM | Full Truck Alliance -spn Adr | 股票-其他 | 1.10% | -0.14% | +64.01% | |
| 30 | PINS | Pinterest Inc- Class A | 股票-通訊服務 | 1.04% | +0.10% | +5.07% | |
| 31 | OC | Owens Corning | 股票-工業 | 1.04% | +0.38% | +2.66% | |
| 32 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.89% | -0.03% | -4.69% | |
| 33 | DUSA | Davis Select US Equity ETF | ETF-其他 | 0.79% | +0.03% | +0.48% | |
| 34 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.75% | -0.08% | -2.65% | |
| 35 | SE | Sea Ltd-adr | 股票-通訊服務 | 0.70% | +0.13% | +323.75% | |
| 36 | APP | Applovin Corp-class A | 股票-科技 | 0.61% | +0.09% | +35.42% | |
| 37 | FITB | Fifth Third Bancorp | 股票-金融 | 0.60% | +0.05% | +2.52% | |
| 38 | PNC | Pnc Financial Services Group | 股票-金融 | 0.52% | — | +2.23% | |
| 39 | DINT | Davis Select International | ETF-其他 | 0.48% | — | +0.60% | |
| 40 | WCC | Wesco International Inc | 股票-工業 | 0.48% | +0.06% | +4.53% | |
| 41 | PPLI | People Inc | 股票-通訊服務 | 0.44% | +0.03% | -4.01% | |
| 42 | DFNL | Davis Select Financial ETF | ETF-其他 | 0.44% | +0.01% | +0.01% | |
| 43 | DWLD | Davis Select Worldwide ETF | ETF-其他 | 0.39% | -0.01% | +0.95% | |
| 44 | RNR | RenaissanceRe Holdings Ltd. | 股票-金融 | 0.35% | -0.03% | +11.95% | |
| 45 | AXP | American Express Co | 股票-金融 | 0.32% | -0.02% | -3.55% | |
| 46 | RKT | Rocket Cos Inc-class A | 股票-金融 | 0.32% | -0.02% | +49.43% | |
| 47 | L | Loews CORP | 股票-金融 | 0.30% | -0.04% | +2.34% | |
| 48 | BNY | Bank Of New York Mellon CORP | 股票-金融 | 0.29% | -0.06% | +0.67% | |
| 49 | BAC | Bank Of America CORP | 股票-金融 | 0.26% | -0.02% | +0.81% | |
| 50 | ✓ | Bank Of Nt Butterfield&son L | 股票-其他 | 0.26% | — | +1.84% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | CTRA | Coterra Energy Inc | +2.1% | +14.08% | 加碼 |
| 2 | CI | THE Cigna Group | +1.8% | +196.73% | 加碼 |
| 3 | JBS | Jbs N.v. | +1.4% | +121.39% | 加碼 |
| 4 | VTRS | Viatris Inc | +0.5% | +0.04% | 加碼 |
| 5 | TSN | Tyson Foods Inc-cl A | +0.5% | +2.05% | 加碼 |
| 6 | SE | Sea Ltd-adr | +0.5% | +323.75% | 加碼 |
| 7 | COP | Conocophillips | +0.4% | +4.31% | 加碼 |
| 8 | TXN | Texas Instruments Inc | +0.3% | -0.12% | 減碼 |
| 9 | YMM | Full Truck Alliance -spn Adr | +0.3% | +64.01% | 加碼 |
| 10 | DGX | Quest Diagnostics Inc | +0.2% | +1.76% | 加碼 |
| 11 | SAP | Sap Se-sponsored Adr | +0.2% | +463.33% | 加碼 |
| 12 | AGCO | Agco CORP | +0.2% | +1.85% | 加碼 |
| 13 | CB | Chubb Limited | +0.1% | +0.74% | 加碼 |
| 14 | WCC | Wesco International Inc | +0.1% | +4.53% | 加碼 |
| 15 | RNR | RenaissanceRe Holdings Ltd. | +0.1% | +11.95% | 加碼 |
| 16 | VALE | Vale Sa-sp Adr | 0% | — | 不變 |
| 17 | RKT | Rocket Cos Inc-class A | 0% | +49.43% | 加碼 |
| 18 | SNPS | Synopsys Inc | 0% | +199.40% | 加碼 |
| 19 | EG | Everest Group, Ltd. | 0% | +19.40% | 加碼 |
| 20 | EQIX | Equinix Inc | 0% | +2.17% | 加碼 |
| 21 | USB | US Bancorp | 0% | +0.89% | 加碼 |
| 22 | ✓ | Bank Of Nt Butterfield&son L | 0% | +1.84% | 加碼 |
| 23 | DOC | Healthpeak Properties Inc | 0% | +48.00% | 加碼 |
| 24 | L | Loews CORP | 0% | +2.34% | 加碼 |
| 25 | FITB | Fifth Third Bancorp | 0% | +2.52% | 加碼 |
| 26 | PNC | Pnc Financial Services Group | 0% | +2.23% | 加碼 |
| 27 | BNY | Bank Of New York Mellon CORP | 0% | +0.67% | 加碼 |
| 28 | DLR | Digital Realty Trust Inc | 0% | -0.47% | 減碼 |
| 29 | OC | Owens Corning | 0% | +2.66% | 加碼 |
| 30 | MTB | M & T Bank CORP | 0% | +7.98% | 加碼 |
| 31 | PLD | Prologis Inc | 0% | +1.37% | 加碼 |
| 32 | REG | Regency Centers CORP | 0% | +1.45% | 加碼 |
| 33 | TFC | Truist Financial CORP | 0% | +17.05% | 加碼 |
| 34 | STT | State Street CORP | 0% | +5.86% | 加碼 |
| 35 | O | Realty Income CORP | 0% | +3.85% | 加碼 |
| 36 | DUSA | Davis Select US Equity ETF | 0% | +0.48% | 加碼 |
| 37 | JNJ | Johnson & Johnson | 0% | -7.66% | 減碼 |
| 38 | SUI | Sun Communities Inc | 0% | +1.38% | 加碼 |
| 39 | CUBE | Cubesmart | 0% | +1.47% | 加碼 |
| 40 | PPLI | People Inc | — | -4.01% | 減碼 |
| 41 | BRX | Brixmor Property Group Inc | — | +1.29% | 加碼 |
| 42 | BEKE | Ke Holdings Inc-adr | — | — | 不變 |
| 43 | AVB | Avalonbay Communities Inc | — | +1.43% | 加碼 |
| 44 | AMH | American Homes 4 Rent- A | — | -0.52% | 減碼 |
| 45 | JD | Jd.com Inc-adr | — | -13.91% | 減碼 |
| 46 | CPT | Camden Property Trust | — | +1.24% | 加碼 |
| 47 | CDP | Copt Defense Properties | — | +1.51% | 加碼 |
| 48 | NVDA | Nvidia CORP | — | +2.27% | 加碼 |
| 49 | EGP | Eastgroup Properties Inc | — | +1.43% | 加碼 |
| 50 | VTR | Ventas Inc | — | -0.47% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Davis Selected Advisers 在 Q1 2026 季度的美股持倉總市值約為 US$232.9億，共申報了 112 個公開持股部位。
在 Q1 2026 季度，Davis Selected Advisers 按市值排列的前三大核心持股分別為：COF (7.2%)、CTRA (6.0%)、USB (5.3%)。其中最大持股部位 COF 佔據整體投資組合約 7.2% 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
LYB
市值: US$4.5億
本季最大獲利了結 / 清倉標的
UDR
前期市值: US$415.5萬
在 Q1 2026 季度中，Davis Selected Advisers 共進行了 108 項持倉異動，包含新建倉 6 個部位、加碼 64 個部位、減碼 36 個部位以及清倉 2 個部位。 其中最大新建倉標的為 LYB。 本季清倉部位包含 UDR。
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。