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: 0001885767
申報總市值
US$1.2億
US$1.2億
100 檔
43.4%
在 Q4 2025 申報期間，DB Fitzpatrick & Co, Inc（CIK: 0001885767）向美國 SEC 提交的 Form 13F 報告顯示，其追蹤之股票投資組合總市值達 US$1.2億，共持有 100 個公開申報部位。
從 Q4 2025 申報觀察，DB Fitzpatrick & Co, Inc 採取防禦導向的調倉策略，本季減碼 28 檔個股並出清 5 檔部位，顯示機構在該時期進行風險控制與流動性回收。
從部位權重觀察，前 5 大標的（包含 AGG, , VOO）累計市值佔比達 43.4%，是驅動 DB Fitzpatrick & Co, Inc 該季度整體投資組合績效表現的核心支柱。
| # | 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 | AGG | Ishares Core U.s. Aggregate | ETF-其他 | 35.79% | -0.98% | -0.66% | |
| 2 | ✓ | 股票-其他 | 3.72% | — | +1.29% | ||
| 3 | VOO | Vanguard S&p 500 ETF | ETF-大型股與成長 | 3.61% | +0.45% | +4.91% | |
| 4 | VEA | Vanguard Ftse Developed ETF | ETF-其他 | 2.42% | +0.22% | +22.67% | |
| 5 | RSG | Republic Services Inc | 股票-工業 | 2.17% | -0.21% | +29.26% | |
| 6 | PWR | Quanta Services Inc | 股票-工業 | 2.11% | -0.43% | -2.81% | |
| 7 | MBB | Ishares Mbs ETF | ETF-其他 | 2.00% | +0.17% | -4.61% | |
| 8 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 1.94% | -0.10% | -1.57% | |
| 9 | DHR | Danaher CORP | 股票-醫療保健 | 1.73% | +0.23% | -0.87% | |
| 10 | HUBB | Hubbell Inc | 股票-工業 | 1.62% | — | -3.02% | |
| 11 | BA | Boeing Co/the | 股票-工業 | 1.53% | +0.01% | -4.89% | |
| 12 | VWO | Vanguard Ftse Emerging Marke | ETF-新興市場 | 1.43% | +0.12% | +19.03% | |
| 13 | DE | Deere & Co | 股票-工業 | 1.40% | +0.06% | -2.14% | |
| 14 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 1.38% | +0.52% | -10.06% | |
| 15 | ✓ | 股票-其他 | 1.36% | — | -1.00% | ||
| 16 | ELV | Elevance Health Inc | 股票-醫療保健 | 1.36% | +0.20% | -19.00% | |
| 17 | V | Visa Inc-class A Shares | 股票-金融 | 1.34% | +0.44% | — | |
| 18 | CB | Chubb Limited | 股票-金融 | 1.33% | -0.04% | +0.13% | |
| 19 | VLTO | Veralto CORP | 股票-工業 | 1.32% | -1.15% | -1.51% | |
| 20 | SNPS | Synopsys Inc | 股票-科技 | 1.30% | -0.21% | +19.18% | |
| 21 | SYK | Stryker CORP | 股票-醫療保健 | 1.29% | +0.11% | +21.29% | |
| 22 | VT | Vanguard Tot World Stk ETF | ETF-其他 | 1.29% | +0.06% | +190.16% | |
| 23 | ✓ | 股票-其他 | 1.29% | — | -0.91% | ||
| 24 | ✓ | 股票-其他 | 1.28% | — | — | ||
| 25 | ✓ | 股票-其他 | 1.26% | — | -0.70% | ||
| 26 | MSCI | Msci Inc | 股票-金融 | 1.26% | -0.05% | +53.97% | |
| 27 | APD | Air Products & Chemicals Inc | 股票-原物料 | 1.25% | -0.10% | +16.20% | |
| 28 | INTU | Intuit Inc | 股票-科技 | 1.16% | -0.82% | -1.16% | |
| 29 | ✓ | 股票-其他 | 1.14% | — | -1.19% | ||
| 30 | CVX | Chevron CORP | 股票-能源 | 1.11% | -0.59% | -4.07% | |
| 31 | AMGN | Amgen Inc | 股票-醫療保健 | 1.08% | -0.05% | +0.16% | |
| 32 | XYZ | Block Inc | 股票-金融 | 1.07% | +0.23% | -9.56% | |
| 33 | ✓ | 股票-其他 | 1.06% | — | -9.25% | ||
| 34 | AFL | Aflac Inc | 股票-金融 | 1.01% | — | +0.80% | |
| 35 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.96% | -0.45% | EXIT | |
| 36 | ECL | Ecolab Inc | 股票-原物料 | 0.90% | -0.02% | -0.18% | |
| 37 | GLW | Corning Inc | 股票-科技 | 0.90% | -0.92% | EXIT | |
| 38 | CMI | Cummins Inc | 股票-工業 | 0.90% | +0.11% | -37.73% | |
| 39 | SBUX | Starbucks CORP | 股票-循環性消費 | 0.90% | +0.06% | -20.13% | |
| 40 | LMT | Lockheed Martin CORP | 股票-工業 | 0.89% | -0.24% | -0.62% | |
| 41 | ADSK | Autodesk Inc | 股票-科技 | 0.88% | -0.10% | -0.68% | |
| 42 | BP | Bp Plc-spons Adr | 股票-能源 | 0.82% | — | -1.12% | |
| 43 | MAS | Masco CORP | 股票-工業 | 0.75% | — | -2.52% | |
| 44 | ✓ | 股票-其他 | 0.73% | — | -1.99% | ||
| 45 | VTWO | Vanguard Russell 2000 ETF | ETF-中小型股 | 0.57% | +0.11% | +22.61% | |
| 46 | VGSH | Vanguard Short-term Treasury | ETF-政府公債 | 0.53% | +0.12% | -40.38% | |
| 47 | VTV | Vanguard Value ETF | ETF-其他 | 0.51% | +0.07% | +25.83% | |
| 48 | EFA | Ishares Msci Eafe ETF | ETF-其他 | 0.47% | — | -1.52% | |
| 49 | VOOG | Vanguard S&p 500 Growth ETF | ETF-大型股與成長 | 0.41% | +0.08% | +32.49% | |
| 50 | ✓ | 股票-其他 | 0.37% | — | -1.18% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | VT | Vanguard Tot World Stk ETF | +0.9% | +190.16% | 加碼 |
| 2 | VEA | Vanguard Ftse Developed ETF | +0.5% | +22.67% | 加碼 |
| 3 | MSCI | Msci Inc | +0.4% | +53.97% | 加碼 |
| 4 | RSG | Republic Services Inc | +0.3% | +29.26% | 加碼 |
| 5 | TMO | Thermo Fisher Scientific Inc | +0.3% | -1.57% | 減碼 |
| 6 | VOO | Vanguard S&p 500 ETF | +0.2% | +4.91% | 加碼 |
| 7 | VWO | Vanguard Ftse Emerging Marke | +0.2% | +19.03% | 加碼 |
| 8 | ✓ | +0.2% | -1.19% | 減碼 | |
| 9 | DHR | Danaher CORP | +0.2% | -0.87% | 減碼 |
| 10 | SYK | Stryker CORP | +0.2% | +21.29% | 加碼 |
| 11 | SNPS | Synopsys Inc | +0.1% | +19.18% | 加碼 |
| 12 | AMGN | Amgen Inc | +0.1% | +0.16% | 加碼 |
| 13 | CB | Chubb Limited | +0.1% | +0.13% | 加碼 |
| 14 | ✓ | +0.1% | -0.91% | 減碼 | |
| 15 | VTV | Vanguard Value ETF | +0.1% | +25.83% | 加碼 |
| 16 | VTWO | Vanguard Russell 2000 ETF | +0.1% | +22.61% | 加碼 |
| 17 | VOOG | Vanguard S&p 500 Growth ETF | +0.1% | +32.49% | 加碼 |
| 18 | ✓ | +0.1% | -1.00% | 減碼 | |
| 19 | ✓ | +0.1% | +1.29% | 加碼 | |
| 20 | APD | Air Products & Chemicals Inc | 0% | +16.20% | 加碼 |
| 21 | ✓ | 0% | -1.99% | 減碼 | |
| 22 | LMT | Lockheed Martin CORP | -0.1% | -0.62% | 減碼 |
| 23 | ECL | Ecolab Inc | -0.1% | -0.18% | 減碼 |
| 24 | PWR | Quanta Services Inc | -0.1% | -2.81% | 減碼 |
| 25 | INTU | Intuit Inc | -0.1% | -1.16% | 減碼 |
| 26 | ADSK | Autodesk Inc | -0.1% | -0.68% | 減碼 |
| 27 | BA | Boeing Co/the | -0.1% | -4.89% | 減碼 |
| 28 | CVX | Chevron CORP | -0.1% | -4.07% | 減碼 |
| 29 | ✓ | -0.1% | -0.70% | 減碼 | |
| 30 | MAS | Masco CORP | -0.1% | -2.52% | 減碼 |
| 31 | MBB | Ishares Mbs ETF | -0.1% | -4.61% | 減碼 |
| 32 | ✓ | -0.1% | -1.18% | 減碼 | |
| 33 | VLTO | Veralto CORP | -0.1% | -1.51% | 減碼 |
| 34 | ELV | Elevance Health Inc | -0.2% | -19.00% | 減碼 |
| 35 | SBUX | Starbucks CORP | -0.3% | -20.13% | 減碼 |
| 36 | UNH | Unitedhealth Group Inc | -0.3% | -10.06% | 減碼 |
| 37 | XYZ | Block Inc | -0.3% | -9.56% | 減碼 |
| 38 | CMI | Cummins Inc | -0.3% | -37.73% | 減碼 |
| 39 | ✓ | -0.3% | -9.25% | 減碼 | |
| 40 | VGSH | Vanguard Short-term Treasury | -0.4% | -40.38% | 減碼 |
| 41 | GOOG | Alphabet Inc-cl C | -0.5% | -46.42% | 減碼 |
| 42 | AGG | Ishares Core U.s. Aggregate | -1% | -0.66% | 減碼 |
| 43 | GLW | Corning Inc | -1.2% | -58.45% | 減碼 |
| 44 | V | Visa Inc-class A Shares | — | NEW | 新建倉 |
| 45 | ✓ | — | NEW | 新建倉 | |
| 46 | ✓ | — | EXIT | 清倉 | |
| 47 | ✓ | Sentinelone Inc Cl A | — | EXIT | 清倉 |
| 48 | BSV | Vanguard Short-term Bond ETF | — | EXIT | 清倉 |
| 49 | UNP | Union Pacific CORP | — | EXIT | 清倉 |
| 50 | TXN | Texas Instruments Inc | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，DB Fitzpatrick & Co, Inc 在 Q4 2025 季度的美股持倉總市值約為 US$1.2億，共申報了 100 個公開持股部位。
在 Q4 2025 季度，DB Fitzpatrick & Co, Inc 按市值排列的前三大核心持股分別為：AGG (35.8%)、 (3.7%)、VOO (3.6%)。其中最大持股部位 AGG 佔據整體投資組合約 35.8% 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
V
市值: US$150.3萬
本季最大獲利了結 / 清倉標的
前期市值: US$69.4萬
在 Q4 2025 季度中，DB Fitzpatrick & Co, Inc 共進行了 50 項持倉異動，包含新建倉 2 個部位、加碼 15 個部位、減碼 28 個部位以及清倉 5 個部位。 其中最大新建倉標的為 V。 本季清倉部位包含 。
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。