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: 0001206792
申報總市值
US$17.7億
US$17.7億
255 檔
21.0%
在 Q3 2025 的 13F 官方備案中，Dearborn Partners LLC 管理的美股投資組合規模來到 US$17.7億，整體持股檔數為 255 檔。
在 Q3 2025 期間，Dearborn Partners LLC 展現了靈活的資產再平衡步調，透過出清 27 檔弱勢或達到目標價部位，將資金轉置於 25 檔新建倉標的之中。
從部位權重觀察，前 5 大標的（包含 AAPL, MSFT, ADP）累計市值佔比達 21.0%，是驅動 Dearborn Partners LLC 該季度整體投資組合績效表現的核心支柱。
僅顯示前 200 大持股（共 255 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 | AAPL | Apple Inc | 股票-科技 | 5.52% | +0.67% | -1.33% | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 4.52% | +0.46% | -1.01% | |
| 3 | ADP | Automatic Data Processing | 股票-科技 | 2.67% | +0.30% | -0.67% | |
| 4 | MCD | Mcdonald's CORP | 股票-循環性消費 | 2.40% | -0.64% | -0.70% | |
| 5 | CASY | Casey's General Stores Inc | 股票-循環性消費 | 2.28% | -0.78% | +0.28% | |
| 6 | HD | Home Depot Inc | 股票-循環性消費 | 2.07% | +0.03% | -1.21% | |
| 7 | WEC | Wec Energy Group Inc | 股票-公用事業 | 2.05% | -0.09% | -0.12% | |
| 8 | WMT | Walmart Inc | 股票-非循環性消費 | 2.04% | -0.45% | -0.38% | |
| 9 | RSG | Republic Services Inc | 股票-工業 | 1.92% | -0.15% | -0.74% | |
| 10 | MA | Mastercard Inc - A | 股票-金融 | 1.90% | -0.02% | -1.44% | |
| 11 | APH | Amphenol Corp-cl A | 股票-科技 | 1.90% | +0.58% | -1.32% | |
| 12 | ABBV | Abbvie Inc | 股票-醫療保健 | 1.89% | +0.12% | -0.27% | |
| 13 | WSO | Watsco Inc | 股票-工業 | 1.86% | +0.21% | +13.80% | |
| 14 | QCOM | Qualcomm Inc | 股票-科技 | 1.83% | +0.54% | -1.68% | |
| 15 | AJG | Arthur J Gallagher & Co | 股票-金融 | 1.83% | +0.03% | +0.88% | |
| 16 | TSCO | Tractor Supply Company | 股票-循環性消費 | 1.82% | -1.09% | -2.76% | |
| 17 | ITW | Illinois Tool Works | 股票-工業 | 1.81% | +0.01% | -1.09% | |
| 18 | SNA | Snap-on Inc | 股票-工業 | 1.77% | -0.42% | -0.51% | |
| 19 | XOM | Exxon Mobil CORP | 股票-能源 | 1.75% | -0.62% | -2.60% | |
| 20 | ATO | Atmos Energy CORP | 股票-公用事業 | 1.71% | -0.04% | -0.48% | |
| 21 | INTU | Intuit Inc | 股票-科技 | 1.58% | -0.44% | -1.42% | |
| 22 | SHW | Sherwin-williams Co/the | 股票-原物料 | 1.57% | +0.05% | -0.69% | |
| 23 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 1.56% | -0.42% | -2.19% | |
| 24 | VZ | Verizon Communications Inc | 股票-通訊服務 | 1.55% | -0.38% | +0.25% | |
| 25 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 1.53% | -0.04% | -0.10% | |
| 26 | ABT | Abbott Laboratories | 股票-醫療保健 | 1.53% | -0.76% | -0.45% | |
| 27 | CTVA | Corteva Inc | 股票-原物料 | 1.49% | -0.09% | +0.52% | |
| 28 | TMUS | T-mobile US Inc | 股票-通訊服務 | 1.49% | -0.35% | -0.43% | |
| 29 | SYK | Stryker CORP | 股票-醫療保健 | 1.46% | -0.15% | -1.54% | |
| 30 | TXN | Texas Instruments Inc | 股票-科技 | 1.43% | +0.68% | -0.13% | |
| 31 | ACN | Accenture plc | 股票-科技 | 1.40% | -1.11% | +14.09% | |
| 32 | MKC-V | Mccormick & Co Inc Vtg Com | 股票-其他 | 1.39% | -0.06% | -0.91% | |
| 33 | ✓ | 股票-其他 | 1.38% | — | -0.95% | ||
| 34 | MSI | Motorola Solutions Inc | 股票-科技 | 1.38% | -0.14% | -1.00% | |
| 35 | STE | STERIS plc | 股票-醫療保健 | 1.37% | -0.14% | -0.91% | |
| 36 | CTAS | Cintas CORP | 股票-工業 | 1.35% | -0.09% | -0.74% | |
| 37 | NDAQ | Nasdaq Inc | 股票-金融 | 1.34% | -0.16% | -1.77% | |
| 38 | FAST | Fastenal Co | 股票-工業 | 1.30% | -0.06% | -24.84% | |
| 39 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.26% | +0.22% | -1.42% | |
| 40 | AWK | American Water Works Co Inc | 股票-公用事業 | 1.17% | -0.13% | -0.04% | |
| 41 | TRI | Thomson Reuters Corporation | 股票-工業 | 1.15% | -0.19% | +0.26% | |
| 42 | BR | Broadridge Financial Solutio | 股票-科技 | 1.15% | -0.18% | -0.87% | |
| 43 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.90% | -0.02% | +1.30% | |
| 44 | EQIX | Equinix Inc | 股票-房地產 | 0.89% | -0.02% | -0.31% | |
| 45 | MDLZ | Mondelez International Inc-a | 股票-非循環性消費 | 0.85% | +0.05% | -2.50% | |
| 46 | ZTS | Zoetis Inc | 股票-醫療保健 | 0.85% | -0.58% | -3.50% | |
| 47 | NEE | Nextera Energy Inc | 股票-公用事業 | 0.82% | -0.01% | -0.66% | |
| 48 | ARES | Ares Management CORP - A | 股票-金融 | 0.82% | +0.04% | -3.16% | |
| 49 | EOG | Eog Resources Inc | 股票-能源 | 0.81% | -0.18% | -1.23% | |
| 50 | JKHY | Jack Henry & Associates Inc | 股票-科技 | 0.74% | -0.17% | +0.39% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | TRI | Thomson Reuters Corporation | +1.1% | +0.26% | 加碼 |
| 2 | MSFT | Microsoft CORP | +1% | -1.01% | 減碼 |
| 3 | APH | Amphenol Corp-cl A | +0.7% | -1.32% | 減碼 |
| 4 | CASY | Casey's General Stores Inc | +0.6% | +0.28% | 加碼 |
| 5 | WMT | Walmart Inc | +0.4% | -0.38% | 加碼 |
| 6 | GOOGL | Alphabet Inc-cl A | +0.3% | +2.25% | 加碼 |
| 7 | INTU | Intuit Inc | +0.2% | -1.42% | 加碼 |
| 8 | STE | STERIS plc | +0.2% | -0.91% | 加碼 |
| 9 | AAPL | Apple Inc | +0.2% | -1.33% | 減碼 |
| 10 | TXN | Texas Instruments Inc | +0.2% | -0.13% | 加碼 |
| 11 | NVDA | Nvidia CORP | +0.2% | -2.48% | 加碼 |
| 12 | ABBV | Abbvie Inc | +0.2% | -0.27% | 加碼 |
| 13 | HD | Home Depot Inc | +0.2% | -1.21% | 減碼 |
| 14 | NDAQ | Nasdaq Inc | +0.1% | -1.77% | 減碼 |
| 15 | ATO | Atmos Energy CORP | +0.1% | -0.48% | 加碼 |
| 16 | CME | Cme Group Inc | +0.1% | -2.93% | 加碼 |
| 17 | TSCO | Tractor Supply Company | +0.1% | -2.76% | 加碼 |
| 18 | CTVA | Corteva Inc | +0.1% | +0.52% | 加碼 |
| 19 | CTAS | Cintas CORP | +0.1% | -0.74% | 加碼 |
| 20 | SHW | Sherwin-williams Co/the | +0.1% | -0.69% | 加碼 |
| 21 | AVGO | Broadcom Inc | +0.1% | +16.82% | 加碼 |
| 22 | IBM | Intl Business Machines CORP | +0.1% | +0.67% | 加碼 |
| 23 | QCOM | Qualcomm Inc | +0.1% | -1.68% | 減碼 |
| 24 | WEC | Wec Energy Group Inc | +0.1% | -0.12% | 加碼 |
| 25 | MORN | Morningstar Inc | +0.1% | -1.23% | 加碼 |
| 26 | ACN | Accenture plc | +0.1% | +14.09% | 加碼 |
| 27 | ARES | Ares Management CORP - A | +0.1% | -3.16% | 減碼 |
| 28 | SPYM | Ste Str Spdr Pt S&p 500 ETF | +0.1% | +6.12% | 加碼 |
| 29 | VCLT | Vanguard Long-term CORP Bond | +0.1% | +10.26% | 加碼 |
| 30 | MSI | Motorola Solutions Inc | 0% | -1.00% | 加碼 |
| 31 | VRSK | Verisk Analytics Inc | 0% | +73.55% | 加碼 |
| 32 | NEE | Nextera Energy Inc | 0% | -0.66% | 減碼 |
| 33 | CAT | Caterpillar Inc | 0% | -1.95% | 減碼 |
| 34 | VEA | Vanguard Ftse Developed ETF | 0% | +6.25% | 加碼 |
| 35 | SMH | Vaneck Semiconductor ETF | 0% | +0.50% | 加碼 |
| 36 | GOOG | Alphabet Inc-cl C | 0% | -2.41% | 減碼 |
| 37 | MCO | Moody's CORP | 0% | +3.08% | 加碼 |
| 38 | ADI | Analog Devices Inc | 0% | +2.27% | 加碼 |
| 39 | SNA | Snap-on Inc | 0% | -0.51% | 加碼 |
| 40 | ✓ | 0% | -0.95% | 加碼 | |
| 41 | QQQ | Invesco Qqq Trust Series 1 | 0% | -0.56% | 加碼 |
| 42 | ASML | ASML Holding N.V. | 0% | -37.96% | 加碼 |
| 43 | O | Realty Income CORP | 0% | +1.44% | 加碼 |
| 44 | META | Meta Platforms Inc-class A | 0% | +18.00% | 加碼 |
| 45 | TSM | Taiwan Semiconductor-sp Adr | 0% | -4.18% | 減碼 |
| 46 | AMD | Advanced Micro Devices | 0% | +1.41% | 加碼 |
| 47 | GLD | Spdr Gold Shares | 0% | -1.43% | 加碼 |
| 48 | IDV | Ishares International Select | 0% | +15.91% | 加碼 |
| 49 | TSLA | Tesla Inc | 0% | -12.93% | 減碼 |
| 50 | AMZN | Amazon.com Inc | 0% | -3.44% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Dearborn Partners LLC 在 Q3 2025 季度的美股持倉總市值約為 US$17.7億，共申報了 255 個公開持股部位。
在 Q3 2025 季度，Dearborn Partners LLC 按市值排列的前三大核心持股分別為：AAPL (5.5%)、MSFT (4.5%)、ADP (2.7%)。其中最大持股部位 AAPL 佔據整體投資組合約 5.5% 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
FMC
市值: US$74.7萬
本季最大獲利了結 / 清倉標的
UPS
前期市值: US$1060.3萬
在 Q3 2025 季度中，Dearborn Partners LLC 共進行了 200 項持倉異動，包含新建倉 25 個部位、加碼 81 個部位、減碼 67 個部位以及清倉 27 個部位。 其中最大新建倉標的為 FMC。 本季清倉部位包含 UPS。
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。