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: 0000869353
申報總市值
US$83.8億
US$83.8億
358 檔
22.1%
在 Q4 2025 的 13F 官方備案中，Ferguson Wellman Capital Management, Inc 管理的美股投資組合規模來到 US$83.8億，整體持股檔數為 358 檔。
在 Q4 2025 期間，Ferguson Wellman Capital Management, Inc 展現了靈活的資產再平衡步調，透過出清 15 檔弱勢或達到目標價部位，將資金轉置於 21 檔新建倉標的之中。
在資產配置集中度方面，Ferguson Wellman Capital Management, Inc 的前 5 大核心持股（包含 MSFT, GOOGL, AAPL 等）合計佔整體申報市值的 22.1%，反映機構在主要關鍵部位上的權重分佈。
僅顯示前 200 大持股（共 358 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 | MSFT | Microsoft CORP | 股票-科技 | 7.60% | +1.67% | +1.03% | |
| 2 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 6.58% | -0.29% | -4.96% | |
| 3 | AAPL | Apple Inc | 股票-科技 | 5.92% | +0.32% | +10.39% | |
| 4 | NVDA | Nvidia CORP | 股票-科技 | 5.64% | +0.62% | +0.27% | |
| 5 | AVGO | Broadcom Inc | 股票-科技 | 3.92% | -0.31% | -7.54% | |
| 6 | JPM | Jpmorgan Chase & Co | 股票-金融 | 3.85% | -0.50% | +0.58% | |
| 7 | ETR | Entergy CORP | 股票-公用事業 | 2.42% | -0.30% | +25.81% | |
| 8 | ABBV | Abbvie Inc | 股票-醫療保健 | 2.38% | +0.03% | +0.43% | |
| 9 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.37% | +0.07% | +1.25% | |
| 10 | CSCO | Cisco Systems Inc | 股票-科技 | 2.33% | -0.23% | +43.29% | |
| 11 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 2.22% | +0.02% | +3.71% | |
| 12 | CVX | Chevron CORP | 股票-能源 | 2.19% | +0.39% | +20.04% | |
| 13 | STT | State Street CORP | 股票-金融 | 2.08% | -0.02% | -11.67% | |
| 14 | WMT | Walmart Inc | 股票-非循環性消費 | 2.01% | -0.09% | +0.96% | |
| 15 | V | Visa Inc-class A Shares | 股票-金融 | 2.01% | +0.04% | +2.05% | |
| 16 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 1.95% | -0.16% | -5.38% | |
| 17 | PH | Parker Hannifin CORP | 股票-工業 | 1.77% | -0.14% | +0.63% | |
| 18 | AMGN | Amgen Inc | 股票-醫療保健 | 1.65% | +0.14% | +2.07% | |
| 19 | AEP | American Electric Power | 股票-公用事業 | 1.64% | -0.52% | +4.15% | |
| 20 | HD | Home Depot Inc | 股票-循環性消費 | 1.44% | -0.27% | -0.59% | |
| 21 | WFC | Wells Fargo & Co | 股票-金融 | 1.44% | -0.03% | +3.06% | |
| 22 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 1.28% | +0.05% | +1.75% | |
| 23 | PM | Philip Morris International | 股票-非循環性消費 | 1.25% | +0.04% | +0.92% | |
| 24 | TJX | Tjx Companies Inc | 股票-循環性消費 | 1.17% | -0.10% | +0.92% | |
| 25 | COR | Cencora Inc | 股票-醫療保健 | 1.14% | +0.03% | +0.59% | |
| 26 | SWPPX | Schwab S&p 500 Index-sel | 股票-其他 | 1.14% | — | +3.89% | |
| 27 | UBER | Uber Technologies Inc | 股票-工業 | 1.07% | -0.01% | +0.89% | |
| 28 | SYK | Stryker CORP | 股票-醫療保健 | 1.04% | -0.63% | +2.51% | |
| 29 | ADP | Automatic Data Processing | 股票-科技 | 0.97% | — | -40.25% | |
| 30 | MS | Morgan Stanley | 股票-金融 | 0.92% | -0.09% | -7.83% | |
| 31 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.89% | +0.64% | -0.99% | |
| 32 | AIG | American International Group | 股票-金融 | 0.86% | -0.02% | +2.65% | |
| 33 | XLI | Ss Industrial Select Sector | ETF-其他 | 0.75% | +0.21% | +818.71% | |
| 34 | IR | Ingersoll Rand Inc. | 股票-工業 | 0.75% | +0.05% | -28.79% | |
| 35 | AVB | Avalonbay Communities Inc | 股票-房地產 | 0.74% | -0.57% | EXIT | |
| 36 | IBM | Intl Business Machines CORP | 股票-科技 | 0.70% | -0.12% | +1.64% | |
| 37 | ✓ | 股票-其他 | 0.70% | — | -10.37% | ||
| 38 | EMR | Emerson Electric Co | 股票-工業 | 0.63% | +0.02% | +2.12% | |
| 39 | T | At&t Inc | 股票-通訊服務 | 0.63% | +0.06% | +2.17% | |
| 40 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.63% | +0.46% | -33.23% | |
| 41 | HON | Honeywell International Inc | 股票-工業 | 0.59% | — | -1.32% | |
| 42 | ✓ | 股票-其他 | 0.57% | — | +2.48% | ||
| 43 | SCHW | Schwab (charles) CORP | 股票-金融 | 0.53% | +0.06% | +6690.36% | |
| 44 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.51% | -0.01% | -1.11% | |
| 45 | ADI | Analog Devices Inc | 股票-科技 | 0.50% | -0.01% | +0.91% | |
| 46 | IYJ | Ishares U.s. Industrials ETF | ETF-其他 | 0.50% | -0.02% | +224.67% | |
| 47 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.48% | -0.05% | -0.39% | |
| 48 | AMP | Ameriprise Financial Inc | 股票-金融 | 0.46% | +0.01% | -1.15% | |
| 49 | MU | Micron Technology Inc | 股票-科技 | 0.46% | -0.09% | -32.98% | |
| 50 | NKE | Nike Inc -cl B | 股票-循環性消費 | 0.46% | -0.01% | -28.62% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | GOOGL | Alphabet Inc-cl A | +1.1% | -4.96% | 減碼 |
| 2 | CSCO | Cisco Systems Inc | +0.9% | +43.29% | 加碼 |
| 3 | AAPL | Apple Inc | +0.8% | +10.39% | 加碼 |
| 4 | XLI | Ss Industrial Select Sector | +0.7% | +818.71% | 加碼 |
| 5 | SCHW | Schwab (charles) CORP | +0.5% | +6690.36% | 加碼 |
| 6 | ETR | Entergy CORP | +0.5% | +25.81% | 加碼 |
| 7 | IYJ | Ishares U.s. Industrials ETF | +0.4% | +224.67% | 加碼 |
| 8 | CVX | Chevron CORP | +0.3% | +20.04% | 加碼 |
| 9 | MRK | Merck & Co. Inc. | +0.3% | +1.75% | 加碼 |
| 10 | AMGN | Amgen Inc | +0.2% | +2.07% | 加碼 |
| 11 | PH | Parker Hannifin CORP | +0.2% | +0.63% | 加碼 |
| 12 | ✓ | +0.2% | +661.67% | 加碼 | |
| 13 | WFC | Wells Fargo & Co | +0.2% | +3.06% | 加碼 |
| 14 | WMT | Walmart Inc | +0.1% | +0.96% | 加碼 |
| 15 | ✓ | +0.1% | +155.26% | 加碼 | |
| 16 | AMZN | Amazon.com Inc | +0.1% | +1.25% | 加碼 |
| 17 | GOOG | Alphabet Inc-cl C | +0.1% | +8.80% | 加碼 |
| 18 | LLY | Eli Lilly & Co | +0.1% | +2.62% | 加碼 |
| 19 | IVV | Ishares Core S&p 500 ETF | +0.1% | +3.71% | 加碼 |
| 20 | AEP | American Electric Power | +0.1% | +4.15% | 加碼 |
| 21 | COR | Cencora Inc | +0.1% | +0.59% | 加碼 |
| 22 | AIG | American International Group | +0.1% | +2.65% | 加碼 |
| 23 | JNJ | Johnson & Johnson | +0.1% | -0.99% | 減碼 |
| 24 | V | Visa Inc-class A Shares | +0.1% | +2.05% | 加碼 |
| 25 | TJX | Tjx Companies Inc | +0.1% | +0.92% | 加碼 |
| 26 | JPM | Jpmorgan Chase & Co | +0.1% | +0.58% | 加碼 |
| 27 | SWPPX | Schwab S&p 500 Index-sel | +0.1% | +3.89% | 加碼 |
| 28 | MU | Micron Technology Inc | +0.1% | -32.98% | 減碼 |
| 29 | ADI | Analog Devices Inc | 0% | +0.91% | 加碼 |
| 30 | SCHG | Schwab US Large-cap Growth | 0% | +245.28% | 加碼 |
| 31 | IBM | Intl Business Machines CORP | 0% | +1.64% | 加碼 |
| 32 | XOM | Exxon Mobil CORP | 0% | +2.89% | 加碼 |
| 33 | SCHX | Schwab US Large-cap ETF | 0% | +176.35% | 加碼 |
| 34 | AAON | Aaon Inc | 0% | +45.26% | 加碼 |
| 35 | EWBC | East West Bancorp Inc | 0% | +2.16% | 加碼 |
| 36 | CAT | Caterpillar Inc | 0% | -1.57% | 減碼 |
| 37 | VFIAX | Vanguard 500 Index-adm | 0% | +25.44% | 加碼 |
| 38 | MS | Morgan Stanley | 0% | -7.83% | 減碼 |
| 39 | TMO | Thermo Fisher Scientific Inc | 0% | -7.19% | 減碼 |
| 40 | SPY | Ss Spdr S&p 500 ETF Trust-us | 0% | +6.96% | 加碼 |
| 41 | IWD | Ishares Russell 1000 Value E | 0% | +20.63% | 加碼 |
| 42 | QCOM | Qualcomm Inc | 0% | +49.56% | 加碼 |
| 43 | FXAIX | Fidelity 500 Index Fund | 0% | +33.34% | 加碼 |
| 44 | LRCXEUR | Lam Research CORP | 0% | +39.61% | 加碼 |
| 45 | EMR | Emerson Electric Co | 0% | +2.12% | 加碼 |
| 46 | NRG | Nrg Energy Inc | 0% | +6.48% | 加碼 |
| 47 | SMH | Vaneck Semiconductor ETF | 0% | -1.09% | 減碼 |
| 48 | AMAT | Applied Materials Inc | 0% | -0.66% | 減碼 |
| 49 | VTI | Vanguard Total Stock Mkt ETF | 0% | +5.82% | 加碼 |
| 50 | IWF | Ishares Russell 1000 Growth | 0% | +21.85% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Ferguson Wellman Capital Management, Inc 在 Q4 2025 季度的美股持倉總市值約為 US$83.8億，共申報了 358 個公開持股部位。
在 Q4 2025 季度，Ferguson Wellman Capital Management, Inc 按市值排列的前三大核心持股分別為：MSFT (7.6%)、GOOGL (6.6%)、AAPL (5.9%)。其中最大持股部位 MSFT 佔據整體投資組合約 7.6% 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
市值: US$225.9萬
本季最大獲利了結 / 清倉標的
MCHP
前期市值: US$81.9萬
在 Q4 2025 季度中，Ferguson Wellman Capital Management, Inc 共進行了 190 項持倉異動，包含新建倉 21 個部位、加碼 79 個部位、減碼 75 個部位以及清倉 15 個部位。 其中最大新建倉標的為 。 本季清倉部位包含 MCHP。
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。