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: 0001020580
申報總市值
US$3.6億
US$3.6億
61 檔
52.7%
在 Q2 2025 申報期間，Keating Investment Counselors Inc（CIK: 0001020580）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$3.6億，共持有 61 個公開申報部位。
從 Q2 2025 申報觀察，Keating Investment Counselors Inc 採取防禦導向的調倉策略，本季減碼 24 檔個股並出清 7 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 KEAT, STIP, BIL）累計市值佔比達 52.7%，是驅動 Keating Investment Counselors 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 | KEAT | Keating Active ETF | ETF-其他 | 25.60% | +0.38% | -0.20% | |
| 2 | STIP | Ishares 0-5 Year Tips Bond E | ETF-其他 | 17.42% | +1.17% | +10.93% | |
| 3 | BIL | Ss Spdr Bb 1-3m T-bill ETF | ETF-政府公債 | 7.78% | +0.04% | +3.67% | |
| 4 | AEM | Agnico Eagle Mines LTD | 股票-原物料 | 3.92% | -1.27% | -2.45% | |
| 5 | B | Barrick Mining CORP | 股票-原物料 | 3.27% | -0.49% | — | |
| 6 | VOD | Vodafone Group Plc-sp Adr | 股票-通訊服務 | 2.43% | -0.13% | -1.00% | |
| 7 | OII | Oceaneering Intl Inc | 股票-能源 | 2.41% | +0.74% | -0.57% | |
| 8 | GSK | Gsk Plc-spon Adr | 股票-醫療保健 | 2.17% | +0.01% | -1.06% | |
| 9 | TTEN | Totalenergies Se -spon Adr | 股票-其他 | 2.05% | -0.16% | -0.82% | |
| 10 | EQNR | Equinor Asa-spon Adr | 股票-能源 | 2.02% | -0.50% | +1.74% | |
| 11 | CRRFY | Carrefour Sa-sp Adr | 股票-其他 | 2.01% | +0.20% | +0.30% | |
| 12 | SU | Suncor Energy Inc | 股票-能源 | 1.97% | -0.52% | -0.11% | |
| 13 | VZ | Verizon Communications Inc | 股票-通訊服務 | 1.96% | -0.13% | -1.25% | |
| 14 | UL | Unilever PLC | 股票-非循環性消費 | 1.89% | +0.20% | -1.48% | |
| 15 | PM | Philip Morris International | 股票-非循環性消費 | 1.81% | +0.03% | -13.40% | |
| 16 | JSAIY | J. Sainsbury Plc-spons Adr | 股票-其他 | 1.72% | +0.04% | +2.08% | |
| 17 | LMT | Lockheed Martin CORP | 股票-工業 | 1.64% | -0.14% | -1.89% | |
| 18 | LBTYA | Liberty Global Ltd. | 股票-其他 | 1.43% | +0.01% | +3.69% | |
| 19 | SNREN | Sunrise Communicat-cl A | 股票-其他 | 1.22% | — | -1.09% | |
| 20 | CALM | Cal-maine Foods Inc | 股票-非循環性消費 | 1.19% | +0.08% | -3.31% | |
| 21 | HD | Home Depot Inc | 股票-循環性消費 | 1.18% | +0.04% | -5.80% | |
| 22 | TAP | Molson Coors Beverage Co - B | 股票-非循環性消費 | 1.15% | +0.07% | -0.94% | |
| 23 | TALO | Talos Energy Inc | 股票-其他 | 1.12% | -0.22% | +8.31% | |
| 24 | PAAS | Pan American Silver CORP | 股票-原物料 | 0.99% | -0.13% | +8.30% | |
| 25 | SLB | Slb LTD | 股票-能源 | 0.76% | -0.24% | -1.89% | |
| 26 | LW | Lamb Weston Holdings Inc | 股票-非循環性消費 | 0.73% | +0.10% | -0.87% | |
| 27 | UPS | United Parcel Service-cl B | 股票-工業 | 0.69% | +0.15% | -1.68% | |
| 28 | XOM | Exxon Mobil CORP | 股票-能源 | 0.61% | -0.10% | -9.95% | |
| 29 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.52% | -0.01% | -10.29% | |
| 30 | WY | Weyerhaeuser Co | 股票-房地產 | 0.44% | — | -10.68% | |
| 31 | SYK | Stryker CORP | 股票-醫療保健 | 0.42% | -0.02% | — | |
| 32 | RIG | Transocean Ltd. | 股票-能源 | 0.39% | +0.08% | +8.39% | |
| 33 | ✓ | 股票-其他 | 0.37% | — | -0.79% | ||
| 34 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 0.36% | +0.03% | -1.81% | |
| 35 | GDX | Vaneck Gold Miners ETF | ETF-避險與商品 | 0.34% | -0.08% | — | |
| 36 | CVX | Chevron CORP | 股票-能源 | 0.31% | -0.06% | — | |
| 37 | NEM | Newmont CORP | 股票-原物料 | 0.30% | -0.10% | -2.86% | |
| 38 | PEP | Pepsico Inc | 股票-非循環性消費 | 0.28% | -0.02% | — | |
| 39 | DIS | Walt Disney Co/the | 股票-通訊服務 | 0.26% | — | -22.11% | |
| 40 | MMM | 3m Co | 股票-工業 | 0.24% | +0.01% | -35.76% | |
| 41 | AAPL | Apple Inc | 股票-科技 | 0.21% | -0.03% | +3.76% | |
| 42 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.20% | +0.02% | +4.58% | |
| 43 | DOV | Dover CORP | 股票-工業 | 0.19% | +0.01% | -22.22% | |
| 44 | COP | Conocophillips | 股票-能源 | 0.19% | -0.02% | -4.17% | |
| 45 | HON | Honeywell International Inc | 股票-工業 | 0.18% | -0.05% | -10.68% | |
| 46 | MSFT | Microsoft CORP | 股票-科技 | 0.17% | -0.06% | EXIT | |
| 47 | ORLY | O'reilly Automotive Inc | 股票-循環性消費 | 0.15% | -0.12% | EXIT | |
| 48 | HES | Hess CORP | 股票-其他 | 0.14% | — | — | |
| 49 | APH | Amphenol Corp-cl A | 股票-科技 | 0.12% | +0.06% | — | |
| 50 | BMY | Bristol-myers Squibb Co | 股票-醫療保健 | 0.12% | +0.01% | -26.28% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | B | Barrick Mining CORP | +3.3% | NEW | 新建倉 |
| 2 | STIP | Ishares 0-5 Year Tips Bond E | +1.7% | +10.93% | 加碼 |
| 3 | JSAIY | J. Sainsbury Plc-spons Adr | +0.4% | +2.08% | 加碼 |
| 4 | BIL | Ss Spdr Bb 1-3m T-bill ETF | +0.3% | +3.67% | 加碼 |
| 5 | VOD | Vodafone Group Plc-sp Adr | +0.3% | -1.00% | 減碼 |
| 6 | AEM | Agnico Eagle Mines LTD | +0.3% | -2.45% | 減碼 |
| 7 | SNREN | Sunrise Communicat-cl A | +0.2% | -1.09% | 減碼 |
| 8 | PAAS | Pan American Silver CORP | +0.2% | +8.30% | 加碼 |
| 9 | AMZN | Amazon.com Inc | +0.1% | NEW | 新建倉 |
| 10 | CALM | Cal-maine Foods Inc | +0.1% | -3.31% | 減碼 |
| 11 | INTU | Intuit Inc | +0.1% | NEW | 新建倉 |
| 12 | MSFT | Microsoft CORP | +0.1% | +4.84% | 加碼 |
| 13 | NEM | Newmont CORP | +0.1% | -2.86% | 減碼 |
| 14 | APH | Amphenol Corp-cl A | 0% | — | 不變 |
| 15 | GDX | Vaneck Gold Miners ETF | 0% | — | 不變 |
| 16 | JPM | Jpmorgan Chase & Co | 0% | +4.58% | 加碼 |
| 17 | NG | Novagold Resources Inc | 0% | +10.61% | 加碼 |
| 18 | LMT | Lockheed Martin CORP | 0% | -1.89% | 減碼 |
| 19 | META | Meta Platforms Inc-class A | 0% | +0.20% | 加碼 |
| 20 | LW | Lamb Weston Holdings Inc | 0% | -0.87% | 減碼 |
| 21 | GSK | Gsk Plc-spon Adr | 0% | -1.06% | 減碼 |
| 22 | COP | Conocophillips | 0% | -4.17% | 減碼 |
| 23 | PEP | Pepsico Inc | 0% | — | 不變 |
| 24 | CVX | Chevron CORP | -0.1% | — | 不變 |
| 25 | RIG | Transocean Ltd. | -0.1% | +8.39% | 加碼 |
| 26 | DOV | Dover CORP | -0.1% | -22.22% | 減碼 |
| 27 | EQNR | Equinor Asa-spon Adr | -0.1% | +1.74% | 加碼 |
| 28 | TALO | Talos Energy Inc | -0.1% | +8.31% | 加碼 |
| 29 | ABT | Abbott Laboratories | -0.1% | EXIT | 清倉 |
| 30 | BDX | Becton Dickinson And Co | -0.1% | EXIT | 清倉 |
| 31 | UPS | United Parcel Service-cl B | -0.1% | -1.68% | 減碼 |
| 32 | HD | Home Depot Inc | -0.1% | -5.80% | 減碼 |
| 33 | PSX | Phillips 66 | -0.1% | EXIT | 清倉 |
| 34 | SU | Suncor Energy Inc | -0.1% | -0.11% | 減碼 |
| 35 | EMR | Emerson Electric Co | -0.1% | EXIT | 清倉 |
| 36 | BMY | Bristol-myers Squibb Co | -0.1% | -26.28% | 減碼 |
| 37 | TMO | Thermo Fisher Scientific Inc | -0.1% | -1.81% | 減碼 |
| 38 | MMM | 3m Co | -0.1% | -35.76% | 減碼 |
| 39 | JNJ | Johnson & Johnson | -0.1% | -10.29% | 減碼 |
| 40 | TTEN | Totalenergies Se -spon Adr | -0.1% | -0.82% | 減碼 |
| 41 | WY | Weyerhaeuser Co | -0.1% | -10.68% | 減碼 |
| 42 | VZ | Verizon Communications Inc | -0.1% | -1.25% | 減碼 |
| 43 | KO | Coca-cola Co/the | -0.1% | EXIT | 清倉 |
| 44 | OII | Oceaneering Intl Inc | -0.1% | -0.57% | 減碼 |
| 45 | XOM | Exxon Mobil CORP | -0.1% | -9.95% | 減碼 |
| 46 | LBTYA | Liberty Global Ltd. | -0.2% | +3.69% | 加碼 |
| 47 | SLB | Slb LTD | -0.2% | -1.89% | 減碼 |
| 48 | TAP | Molson Coors Beverage Co - B | -0.3% | -0.94% | 減碼 |
| 49 | NTR | Nutrien LTD | -1.2% | EXIT | 清倉 |
| 50 | ABX | Barrick Gold CORP | -3.1% | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Keating Investment Counselors Inc 在 Q2 2025 季度的美股持倉總市值約為 US$3.6億，共申報了 61 個公開持股部位。
在 Q2 2025 季度，Keating Investment Counselors Inc 按市值排列的前三大核心持股分別為：KEAT (25.6%)、STIP (17.4%)、BIL (7.8%)。其中最大持股部位 KEAT 佔據整體投資組合約 25.6% 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
B
市值: US$1081.5萬
本季最大獲利了結 / 清倉標的
ABX
前期市值: US$1028.8萬
在 Q2 2025 季度中，Keating Investment Counselors Inc 共進行了 46 項持倉異動，包含新建倉 3 個部位、加碼 12 個部位、減碼 24 個部位以及清倉 7 個部位。 其中最大新建倉標的為 B。 本季清倉部位包含 ABX。
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。