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: 0001569855
申報總市值
US$15.9億
US$15.9億
244 檔
14.2%
Q3 2025 季度申報顯示，Janney Capital Management LLC 揭露的美股組合總市值為 US$15.9億，涵蓋 244 個不同之權益投資部位。
在 Q3 2025，Janney Capital Management LLC 展現出較為審慎的避險與獲利了結姿態。本季共減碼 29 個部位並完全清倉 2 檔持股，調降曝險的部位數量高於加碼動作。
整體而言，Janney Capital Management LLC 的前 5 大持股（包含 IEFA, XLK, MSFT）貢獻了組合市值的 14.2%，形成該機構在 Q3 2025 季度的基本面基石。
僅顯示前 200 大持股（共 244 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 | IEFA | Ishares Core Msci Eafe ETF | ETF-其他 | 4.66% | — | -1.65% | |
| 2 | XLK | Ss Technology Select Sector | ETF-科技型 | 2.45% | — | -2.98% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 2.44% | -0.30% | -8.60% | |
| 4 | XLC | Ss Comm Select Sector Spdr | ETF-其他 | 2.30% | — | -3.15% | |
| 5 | AVGO | Broadcom Inc | 股票-科技 | 2.23% | -0.23% | -23.07% | |
| 6 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 2.09% | -0.16% | -13.04% | |
| 7 | JPM | Jpmorgan Chase & Co | 股票-金融 | 2.00% | — | -9.21% | |
| 8 | C | Citigroup Inc | 股票-金融 | 1.91% | +0.16% | -14.20% | |
| 9 | TOTL | Ss Doubleline Tr Tact ETF | ETF-其他 | 1.79% | -0.09% | -1.59% | |
| 10 | GLD | Spdr Gold Shares | ETF-避險與商品 | 1.71% | +0.17% | -3.70% | |
| 11 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 1.51% | — | -2.35% | |
| 12 | ABBV | Abbvie Inc | 股票-醫療保健 | 1.44% | -0.27% | -0.45% | |
| 13 | ITA | Ishares U.s. Aerospace & Def | ETF-其他 | 1.38% | — | -2.17% | |
| 14 | MCD | Mcdonald's CORP | 股票-循環性消費 | 1.37% | — | +1.14% | |
| 15 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.25% | +0.14% | +22.39% | |
| 16 | CSCO | Cisco Systems Inc | 股票-科技 | 1.22% | +0.15% | -0.79% | |
| 17 | IBM | Intl Business Machines CORP | 股票-科技 | 1.22% | — | +14.57% | |
| 18 | KBE | Ss Spdr S&p Bank ETF | ETF-其他 | 1.21% | — | -3.24% | |
| 19 | GLW | Corning Inc | 股票-科技 | 1.21% | -0.23% | +26.18% | |
| 20 | AAPL | Apple Inc | 股票-科技 | 1.21% | — | -1.53% | |
| 21 | XLU | St Sr Utl Sl Se Spdr Etf-usd | ETF-其他 | 1.18% | — | -3.68% | |
| 22 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.18% | — | -3.10% | |
| 23 | CAT | Caterpillar Inc | 股票-工業 | 1.13% | +0.22% | -0.34% | |
| 24 | MS | Morgan Stanley | 股票-金融 | 1.09% | +0.12% | -2.80% | |
| 25 | CVX | Chevron CORP | 股票-能源 | 1.06% | -0.11% | -1.41% | |
| 26 | MDT | Medtronic plc | 股票-醫療保健 | 1.05% | — | -1.06% | |
| 27 | XLRE | Ss Real Estate Select Sector | ETF-其他 | 1.03% | — | -3.02% | |
| 28 | XLY | Ss Consumer Disc Select Sect | ETF-其他 | 1.02% | — | -3.40% | |
| 29 | HSBC | Hsbc Holdings Plc-spons Adr | 股票-金融 | 0.99% | — | -1.48% | |
| 30 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.97% | — | -20.69% | |
| 31 | HD | Home Depot Inc | 股票-循環性消費 | 0.96% | -0.16% | +5.25% | |
| 32 | WMT | Walmart Inc | 股票-非循環性消費 | 0.94% | — | -1.57% | |
| 33 | NVDA | Nvidia CORP | 股票-科技 | 0.93% | -0.10% | -3.10% | |
| 34 | TXN | Texas Instruments Inc | 股票-科技 | 0.92% | -0.17% | +13.45% | |
| 35 | SNPS | Synopsys Inc | 股票-科技 | 0.92% | -0.28% | +59.78% | |
| 36 | ASML | ASML Holding N.V. | 股票-科技 | 0.91% | — | -3.09% | |
| 37 | BBY | Best Buy Co Inc | 股票-循環性消費 | 0.90% | -0.18% | -1.12% | |
| 38 | XLE | Ss Energy Select Sector | ETF-其他 | 0.90% | — | -3.82% | |
| 39 | SBUX | Starbucks CORP | 股票-循環性消費 | 0.87% | — | +42.17% | |
| 40 | LYG | Lloyds Banking Group Plc-adr | 股票-金融 | 0.87% | +0.13% | -1.55% | |
| 41 | V | Visa Inc-class A Shares | 股票-金融 | 0.86% | — | -2.88% | |
| 42 | XLP | Ss Consumer Staples Sel Sect | ETF-其他 | 0.84% | — | -3.62% | |
| 43 | SPG | Simon Property Group Inc | 股票-房地產 | 0.84% | — | -0.64% | |
| 44 | JCPB | Jpmorgan Core Plus Bond ETF | ETF-其他 | 0.83% | — | -0.19% | |
| 45 | VRT | Vertiv Holdings Co-a | 股票-工業 | 0.82% | -0.16% | -23.62% | |
| 46 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.81% | — | -0.45% | |
| 47 | APD | Air Products & Chemicals Inc | 股票-原物料 | 0.81% | -0.13% | -0.34% | |
| 48 | AMT | American Tower CORP | 股票-房地產 | 0.79% | -0.15% | +35.72% | |
| 49 | PM | Philip Morris International | 股票-非循環性消費 | 0.78% | — | -0.99% | |
| 50 | VZ | Verizon Communications Inc | 股票-通訊服務 | 0.78% | — | -0.49% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | GLW | Corning Inc | +0.6% | +26.18% | 加碼 |
| 2 | AVGO | Broadcom Inc | +0.5% | -23.07% | 減碼 |
| 3 | TSM | Taiwan Semiconductor-sp Adr | +0.5% | -13.04% | 減碼 |
| 4 | SNPS | Synopsys Inc | +0.4% | +59.78% | 加碼 |
| 5 | XLK | Ss Technology Select Sector | +0.3% | -2.98% | 減碼 |
| 6 | SHOP | Shopify Inc - Class A | +0.3% | -3.17% | 加碼 |
| 7 | GOOGL | Alphabet Inc-cl A | +0.3% | -3.10% | 減碼 |
| 8 | NVDA | Nvidia CORP | +0.3% | -3.10% | 減碼 |
| 9 | ASML | ASML Holding N.V. | +0.3% | -3.09% | 加碼 |
| 10 | MSFT | Microsoft CORP | +0.3% | -8.60% | 減碼 |
| 11 | CPNG | Coupang Inc | +0.3% | -3.12% | 加碼 |
| 12 | CAT | Caterpillar Inc | +0.3% | -0.34% | 減碼 |
| 13 | VRT | Vertiv Holdings Co-a | +0.3% | -23.62% | 減碼 |
| 14 | JNJ | Johnson & Johnson | +0.2% | +22.39% | 加碼 |
| 15 | ITA | Ishares U.s. Aerospace & Def | +0.2% | -2.17% | 減碼 |
| 16 | IBM | Intl Business Machines CORP | +0.2% | +14.57% | 加碼 |
| 17 | MS | Morgan Stanley | +0.2% | -2.80% | 減碼 |
| 18 | C | Citigroup Inc | +0.2% | -14.20% | 減碼 |
| 19 | PNC | Pnc Financial Services Group | +0.2% | +236.49% | 加碼 |
| 20 | ULTA | Ulta Beauty Inc | +0.1% | -3.03% | 減碼 |
| 21 | PANW | Palo Alto Networks Inc | +0.1% | +15.94% | 加碼 |
| 22 | XLC | Ss Comm Select Sector Spdr | +0.1% | -3.15% | 減碼 |
| 23 | JPM | Jpmorgan Chase & Co | +0.1% | -9.21% | 減碼 |
| 24 | IWM | Ishares Russell 2000 ETF | +0.1% | -2.35% | 減碼 |
| 25 | HSBC | Hsbc Holdings Plc-spons Adr | +0.1% | -1.48% | 減碼 |
| 26 | AMZN | Amazon.com Inc | +0.1% | -3.00% | 加碼 |
| 27 | BRK-B | Berkshire Hathaway Inc-cl B | +0.1% | -2.94% | 加碼 |
| 28 | BAC | Bank Of America CORP | +0.1% | -1.36% | 減碼 |
| 29 | GLD | Spdr Gold Shares | +0.1% | -3.70% | 減碼 |
| 30 | BBY | Best Buy Co Inc | +0.1% | -1.12% | 加碼 |
| 31 | AMT | American Tower CORP | +0.1% | +35.72% | 加碼 |
| 32 | HD | Home Depot Inc | 0% | +5.25% | 加碼 |
| 33 | GS | Goldman Sachs Group Inc | 0% | -20.69% | 減碼 |
| 34 | XLY | Ss Consumer Disc Select Sect | 0% | -3.40% | 減碼 |
| 35 | IEFA | Ishares Core Msci Eafe ETF | 0% | -1.65% | 減碼 |
| 36 | AAPL | Apple Inc | 0% | -1.53% | 減碼 |
| 37 | TJX | Tjx Companies Inc | -0.2% | -79.99% | 減碼 |
| 38 | TGT | Target CORP | -0.2% | -0.85% | 減碼 |
| 39 | PAYX | Paychex Inc | -0.2% | -1.38% | 減碼 |
| 40 | SLB | Slb LTD | -0.4% | -80.50% | 減碼 |
| 41 | UNH | Unitedhealth Group Inc | -0.6% | -1.84% | 減碼 |
| 42 | UPS | United Parcel Service-cl B | -0.7% | -80.68% | 減碼 |
| 43 | UBS | UBS Group AG | -0.9% | -9.69% | 減碼 |
| 44 | SBUX | Starbucks CORP | — | NEW | 新建倉 |
| 45 | AKX | Ansys Inc | — | EXIT | 清倉 |
| 46 | UL | Unilever PLC | — | NEW | 新建倉 |
| 47 | LYB | LyondellBasell Industries N.V. | — | EXIT | 清倉 |
| 48 | LNG | Cheniere Energy Inc | — | NEW | 新建倉 |
| 49 | PRMB | Primo Brands CORP | — | NEW | 新建倉 |
| 50 | GOOG | Alphabet Inc-cl C | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Janney Capital Management LLC 在 Q3 2025 季度的美股持倉總市值約為 US$15.9億，共申報了 244 個公開持股部位。
在 Q3 2025 季度，Janney Capital Management LLC 按市值排列的前三大核心持股分別為：IEFA (4.7%)、XLK (2.5%)、MSFT (2.4%)。其中最大持股部位 IEFA 佔據整體投資組合約 4.7% 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
SBUX
市值: US$1399.8萬
本季最大獲利了結 / 清倉標的
AKX
前期市值: US$1243.5萬
在 Q3 2025 季度中，Janney Capital Management LLC 共進行了 50 項持倉異動，包含新建倉 5 個部位、加碼 14 個部位、減碼 29 個部位以及清倉 2 個部位。 其中最大新建倉標的為 SBUX。 本季清倉部位包含 AKX。
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。