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: 0000885415
申報總市值
US$12.2億
US$12.2億
159 檔
26.3%
Q4 2025 季度申報顯示，Folger Nolan Fleming Douglas Capital Management, Inc 揭露的美股組合總市值為 US$12.2億，涵蓋 159 個不同之權益投資部位。
Folger Nolan Fleming Douglas Capital Management, Inc 在 Q4 2025 的調整主要集中於風險出清，清倉與減碼部位合計達 36 檔，反映機構對當前市場環境或個別公司估值採取較為保留之看法。
檢視投資組合結構，前 5 大主力部位（包含 VGT, CTVA, MSFT）占據了總市值的 26.3%，展現出該機構在 Q4 2025 的重點資金聚焦與風險分佈特徵。
| # | 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 | VGT | Vanguard Info Tech ETF | ETF-科技型 | 13.67% | +2.61% | -0.63% | |
| 2 | CTVA | Corteva Inc | 股票-原物料 | 6.95% | -0.56% | +0.00% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 4.50% | -0.27% | -0.32% | |
| 4 | AAPL | Apple Inc | 股票-科技 | 4.11% | +0.13% | -0.56% | |
| 5 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 3.69% | +0.34% | -1.25% | |
| 6 | Q | Qnity Electronics Inc | 股票-科技 | 3.40% | +1.25% | — | |
| 7 | DUK | Duke Energy Corporation | 股票-公用事業 | 3.35% | — | +0.00% | |
| 8 | JPM | Jpmorgan Chase & Co | 股票-金融 | 2.63% | +0.01% | -0.22% | |
| 9 | DOW | Dow Inc | 股票-原物料 | 2.31% | -1.43% | — | |
| 10 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.22% | +0.08% | +0.03% | |
| 11 | JNJ | Johnson & Johnson | 股票-醫療保健 | 2.13% | -0.13% | -0.37% | |
| 12 | V | Visa Inc-class A Shares | 股票-金融 | 2.00% | +0.05% | -0.16% | |
| 13 | LOW | Lowe's Cos Inc | 股票-循環性消費 | 1.87% | -0.25% | -0.63% | |
| 14 | MAR | Marriott International -cl A | 股票-循環性消費 | 1.82% | +0.05% | -0.50% | |
| 15 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 1.71% | -0.15% | -0.22% | |
| 16 | CAT | Caterpillar Inc | 股票-工業 | 1.68% | +0.66% | -0.58% | |
| 17 | RTX | Rtx CORP | 股票-工業 | 1.68% | -0.18% | -1.05% | |
| 18 | MCD | Mcdonald's CORP | 股票-循環性消費 | 1.61% | -0.32% | -0.47% | |
| 19 | ITW | Illinois Tool Works | 股票-工業 | 1.47% | -0.08% | -0.62% | |
| 20 | PEP | Pepsico Inc | 股票-非循環性消費 | 1.36% | -0.28% | -0.11% | |
| 21 | ABT | Abbott Laboratories | 股票-醫療保健 | 1.25% | -0.18% | -0.52% | |
| 22 | VTI | Vanguard Total Stock Mkt ETF | ETF-其他 | 1.21% | +0.03% | -1.59% | |
| 23 | NVDA | Nvidia CORP | 股票-科技 | 1.17% | +0.07% | +1.41% | |
| 24 | CHD | Church & Dwight Co Inc | 股票-非循環性消費 | 1.10% | -0.06% | -0.78% | |
| 25 | IBB | Ishares Biotechnology ETF | ETF-科技型 | 1.07% | +0.02% | -0.95% | |
| 26 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 1.02% | +0.29% | -0.95% | |
| 27 | XOM | Exxon Mobil CORP | 股票-能源 | 1.00% | -3.00% | EXIT | |
| 28 | NEE | Nextera Energy Inc | 股票-公用事業 | 0.97% | -0.15% | -0.56% | |
| 29 | IWR | Ishares Russell Mid-cap ETF | ETF-其他 | 0.97% | +0.03% | -0.19% | |
| 30 | DIS | Walt Disney Co/the | 股票-通訊服務 | 0.94% | -0.08% | -0.68% | |
| 31 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.94% | -0.05% | +4.88% | |
| 32 | VO | Vanguard Mid-cap ETF | ETF-其他 | 0.93% | +0.02% | -1.75% | |
| 33 | CSCO | Cisco Systems Inc | 股票-科技 | 0.93% | +0.35% | +0.11% | |
| 34 | TROW | T Rowe Price Group Inc | 股票-金融 | 0.92% | -0.14% | -1.33% | |
| 35 | AXP | American Express Co | 股票-金融 | 0.80% | — | -0.50% | |
| 36 | WTRG | Essential Utilities Inc | 股票-公用事業 | 0.80% | -0.11% | -1.75% | |
| 37 | CC | Chemours Co/the | 股票-原物料 | 0.79% | -0.19% | — | |
| 38 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.75% | -0.04% | -0.42% | |
| 39 | CVX | Chevron CORP | 股票-能源 | 0.73% | -0.24% | -0.36% | |
| 40 | IFF | Intl Flavors & Fragrances | 股票-原物料 | 0.72% | — | — | |
| 41 | UNP | Union Pacific CORP | 股票-工業 | 0.72% | +0.02% | -0.75% | |
| 42 | WFC | Wells Fargo & Co | 股票-金融 | 0.69% | -0.04% | +0.24% | |
| 43 | VB | Vanguard Small-cap ETF | ETF-其他 | 0.67% | +0.03% | -2.26% | |
| 44 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 0.66% | +0.06% | -0.13% | |
| 45 | BDX | Becton Dickinson And Co | 股票-醫療保健 | 0.57% | -0.05% | -2.94% | |
| 46 | HON | Honeywell International Inc | 股票-工業 | 0.55% | -0.44% | EXIT | |
| 47 | FDX | Fedex CORP | 股票-工業 | 0.54% | -0.12% | -0.91% | |
| 48 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.53% | +0.07% | -0.31% | |
| 49 | ADBE | Adobe Inc | 股票-科技 | 0.51% | -0.07% | -1.09% | |
| 50 | ATO | Atmos Energy CORP | 股票-公用事業 | 0.42% | -0.07% | -0.23% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | GOOG | Alphabet Inc-cl C | +0.7% | -1.25% | 減碼 |
| 2 | MAR | Marriott International -cl A | +0.3% | -0.50% | 減碼 |
| 3 | CAT | Caterpillar Inc | +0.3% | -0.58% | 減碼 |
| 4 | JNJ | Johnson & Johnson | +0.2% | -0.37% | 減碼 |
| 5 | AAPL | Apple Inc | +0.2% | -0.56% | 減碼 |
| 6 | LLY | Eli Lilly & Co | +0.1% | -0.31% | 減碼 |
| 7 | MRK | Merck & Co. Inc. | +0.1% | -0.42% | 減碼 |
| 8 | IBB | Ishares Biotechnology ETF | +0.1% | -0.95% | 減碼 |
| 9 | RTX | Rtx CORP | +0.1% | -1.05% | 減碼 |
| 10 | CSCO | Cisco Systems Inc | +0.1% | +0.11% | 加碼 |
| 11 | FDX | Fedex CORP | +0.1% | -0.91% | 減碼 |
| 12 | AMZN | Amazon.com Inc | +0.1% | +0.03% | 加碼 |
| 13 | GOOGL | Alphabet Inc-cl A | +0.1% | -0.02% | 減碼 |
| 14 | AXP | American Express Co | +0.1% | -0.50% | 減碼 |
| 15 | WFC | Wells Fargo & Co | +0.1% | +0.24% | 加碼 |
| 16 | XOM | Exxon Mobil CORP | +0.1% | +0.64% | 加碼 |
| 17 | IFF | Intl Flavors & Fragrances | +0.1% | — | 不變 |
| 18 | NEE | Nextera Energy Inc | 0% | -0.56% | 減碼 |
| 19 | V | Visa Inc-class A Shares | 0% | -0.16% | 減碼 |
| 20 | WMT | Walmart Inc | 0% | -0.34% | 減碼 |
| 21 | CRM | Salesforce Inc | 0% | -1.86% | 減碼 |
| 22 | AVGO | Broadcom Inc. | 0% | +23.12% | 加碼 |
| 23 | AMGN | Amgen Inc | 0% | — | 不變 |
| 24 | JPM | Jpmorgan Chase & Co | 0% | -0.22% | 減碼 |
| 25 | DOW | Dow Inc | 0% | — | 不變 |
| 26 | PEP | Pepsico Inc | — | -0.11% | 減碼 |
| 27 | SO | Southern Co/the | 0% | -0.09% | 減碼 |
| 28 | HD | Home Depot Inc | 0% | -2.61% | 減碼 |
| 29 | KMB | Kimberly-clark CORP | 0% | — | 不變 |
| 30 | HON | Honeywell International Inc | -0.1% | -0.65% | 減碼 |
| 31 | VO | Vanguard Mid-cap ETF | -0.1% | -1.75% | 減碼 |
| 32 | ORCL | Oracle CORP | -0.1% | -2.31% | 減碼 |
| 33 | WTRG | Essential Utilities Inc | -0.1% | -1.75% | 減碼 |
| 34 | META | Meta Platforms Inc-class A | -0.1% | +4.88% | 加碼 |
| 35 | CHD | Church & Dwight Co Inc | -0.1% | -0.78% | 減碼 |
| 36 | UNH | Unitedhealth Group Inc | -0.1% | -0.95% | 減碼 |
| 37 | ABT | Abbott Laboratories | -0.1% | -0.52% | 減碼 |
| 38 | LOW | Lowe's Cos Inc | -0.1% | -0.63% | 減碼 |
| 39 | ITW | Illinois Tool Works | -0.1% | -0.62% | 減碼 |
| 40 | PG | Procter & Gamble Co/the | -0.2% | -0.22% | 減碼 |
| 41 | CTVA | Corteva Inc | -0.2% | +0.00% | 加碼 |
| 42 | VGT | Vanguard Info Tech ETF | -0.2% | -0.63% | 減碼 |
| 43 | CC | Chemours Co/the | -0.3% | — | 不變 |
| 44 | MSFT | Microsoft CORP | -0.4% | -0.32% | 減碼 |
| 45 | DUK | Duke Energy Corporation | -3.3% | +0.00% | 加碼 |
| 46 | Q | Qnity Electronics Inc | — | NEW | 新建倉 |
| 47 | KEL | Kellanova | — | EXIT | 清倉 |
| 48 | PKG | Packaging CORP Of America | — | EXIT | 清倉 |
| 49 | FISV | Fiserv Inc | — | EXIT | 清倉 |
| 50 | CADNF | Cascades Inc | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Folger Nolan Fleming Douglas Capital Management, Inc 在 Q4 2025 季度的美股持倉總市值約為 US$12.2億，共申報了 159 個公開持股部位。
在 Q4 2025 季度，Folger Nolan Fleming Douglas Capital Management, Inc 按市值排列的前三大核心持股分別為：VGT (13.7%)、CTVA (7.0%)、MSFT (4.5%)。其中最大持股部位 VGT 佔據整體投資組合約 13.7% 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
Q
市值: US$3316.9萬
本季最大獲利了結 / 清倉標的
KEL
前期市值: US$103.0萬
在 Q4 2025 季度中，Folger Nolan Fleming Douglas Capital Management, Inc 共進行了 45 項持倉異動，包含新建倉 1 個部位、加碼 8 個部位、減碼 32 個部位以及清倉 4 個部位。 其中最大新建倉標的為 Q。 本季清倉部位包含 KEL。
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。