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: 0001731372
申報總市值
US$6.0億
US$6.0億
225 檔
12.2%
在 Q2 2025 申報期間，Kendall Capital Management（CIK: 0001731372）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$6.0億，共持有 225 個公開申報部位。
觀察 Q2 2025 的資金脈絡，Kendall Capital Management 在獲利結算 15 檔個股的同時，將資本重新部署至 22 檔新選標的，展現主動管理機構的輪動節奏。
在資產配置集中度方面，Kendall Capital Management 的前 5 大核心持股（包含 SMMD, JIRE, AVGO 等）合計佔整體申報市值的 12.2%，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 225 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 | SMMD | Ishares Russell 2500 ETF | ETF-其他 | 5.57% | -4.43% | +2.46% | |
| 2 | JIRE | Jpmorgan Int Res Enh Eqty | ETF-其他 | 4.59% | -0.39% | +37.99% | |
| 3 | AVGO | Broadcom Inc | 股票-科技 | 3.94% | +0.04% | -1.55% | |
| 4 | VUG | Vanguard Growth ETF | ETF-其他 | 2.67% | +0.03% | +5.66% | |
| 5 | JPST | Jpmorgan Ultra-short Income | ETF-其他 | 2.60% | -0.04% | +5.97% | |
| 6 | AVT | Avnet Inc | 股票-科技 | 2.10% | +0.48% | +4.20% | |
| 7 | VSEC | Vse CORP | 股票-工業 | 1.88% | -0.10% | -17.42% | |
| 8 | EQH | Equitable Holdings Inc | 股票-金融 | 1.75% | -0.05% | +2.53% | |
| 9 | VV | Vanguard Large-cap ETF | ETF-其他 | 1.67% | -0.09% | — | |
| 10 | DELL | Dell Technologies -c | 股票-科技 | 1.67% | +2.18% | -1.24% | |
| 11 | OMC | Omnicom Group | 股票-通訊服務 | 1.58% | -0.04% | +0.20% | |
| 12 | KLAC | Kla CORP | 股票-科技 | 1.54% | +0.95% | -1.84% | |
| 13 | VCTR | Victory Capital Holding - A | 股票-其他 | 1.52% | +0.03% | +2.85% | |
| 14 | VO | Vanguard Mid-cap ETF | ETF-其他 | 1.48% | -0.10% | — | |
| 15 | COR | Cencora Inc | 股票-醫療保健 | 1.43% | -0.30% | -1.53% | |
| 16 | CDW | Cdw Corp/de | 股票-科技 | 1.38% | -0.07% | -0.36% | |
| 17 | CLS | Celestica Inc | 股票-科技 | 1.37% | -0.05% | -7.07% | |
| 18 | ABBV | Abbvie Inc | 股票-醫療保健 | 1.32% | -0.07% | -2.27% | |
| 19 | IEFA | Ishares Core Msci Eafe ETF | ETF-其他 | 1.27% | -0.06% | -35.60% | |
| 20 | AAPL | Apple Inc | 股票-科技 | 1.18% | +0.13% | +7.44% | |
| 21 | VTI | Vanguard Total Stock Mkt ETF | ETF-其他 | 1.17% | -0.03% | +1.76% | |
| 22 | HPE | Hewlett Packard Enterprise | 股票-科技 | 1.16% | +0.53% | +2.25% | |
| 23 | WLY | Wiley (john) & Sons-class A | 股票-其他 | 1.11% | +0.13% | +10.73% | |
| 24 | ✓ | Csg Systems International In | 股票-其他 | 1.04% | -0.91% | EXIT | |
| 25 | TDTF | Flexshares Iboxx 5-year Targ | ETF-其他 | 1.02% | -0.04% | +7.39% | |
| 26 | JXN | Jackson Financial Inc-a | 股票-金融 | 0.98% | -0.19% | -13.10% | |
| 27 | MA | Mastercard Inc - A | 股票-金融 | 0.93% | -0.06% | -1.14% | |
| 28 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 0.92% | +0.03% | +3.00% | |
| 29 | LRN | Stride Inc | 股票-非循環性消費 | 0.92% | -0.08% | +1.70% | |
| 30 | HRB | H&r Block Inc | 股票-循環性消費 | 0.91% | -0.09% | +14.01% | |
| 31 | UNM | Unum Group | 股票-金融 | 0.89% | -0.03% | -0.72% | |
| 32 | NXST | Nexstar Media Group Inc | 股票-通訊服務 | 0.87% | -0.30% | +56.36% | |
| 33 | CALM | Cal-maine Foods Inc | 股票-非循環性消費 | 0.85% | -0.08% | -1.21% | |
| 34 | HPQ | Hp Inc | 股票-科技 | 0.84% | +0.01% | +5.75% | |
| 35 | IT | Gartner Inc | 股票-科技 | 0.83% | -0.10% | +1.43% | |
| 36 | ARW | Arrow Electronics Inc | 股票-科技 | 0.82% | +0.15% | +4.38% | |
| 37 | FHI | Federated Hermes Inc | 股票-金融 | 0.81% | — | -1.07% | |
| 38 | GEN | Gen Digital Inc | 股票-科技 | 0.77% | +0.03% | +63.00% | |
| 39 | CMI | Cummins Inc | 股票-工業 | 0.71% | +0.05% | +6.63% | |
| 40 | FISV | Fiserv Inc | 股票-其他 | 0.69% | -0.08% | -1.95% | |
| 41 | BMY | Bristol-myers Squibb Co | 股票-醫療保健 | 0.68% | -0.11% | +17.27% | |
| 42 | R | Ryder System Inc | 股票-工業 | 0.65% | +0.01% | -1.41% | |
| 43 | NVDA | Nvidia CORP | 股票-科技 | 0.62% | +0.11% | +1.08% | |
| 44 | UPBD | Upbound Group Inc | 股票-其他 | 0.62% | -0.05% | +2.10% | |
| 45 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.62% | -0.09% | -0.93% | |
| 46 | MCK | Mckesson CORP | 股票-醫療保健 | 0.61% | -0.14% | -0.35% | |
| 47 | IWC | Ishares Micro-cap ETF | ETF-其他 | 0.60% | — | -18.56% | |
| 48 | ORLY | O'reilly Automotive Inc | 股票-循環性消費 | 0.56% | -0.10% | +1311.32% | |
| 49 | CMRE | Costamare Inc. | 股票-其他 | 0.56% | -0.23% | -8.49% | |
| 50 | EXPE | Expedia Group Inc | 股票-循環性消費 | 0.55% | -0.06% | +8.26% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | JIRE | Jpmorgan Int Res Enh Eqty | +1.3% | +37.99% | 加碼 |
| 2 | AVGO | Broadcom Inc | +1.2% | -1.55% | 減碼 |
| 3 | CLS | Celestica Inc | +0.5% | -7.07% | 減碼 |
| 4 | COF | Capital One Financial CORP | +0.3% | NEW | 新建倉 |
| 5 | ISCG | Ishares Morningstar Small-ca | +0.3% | NEW | 新建倉 |
| 6 | XSMO | Invesco S&p Smallcap Momentu | +0.3% | NEW | 新建倉 |
| 7 | GEN | Gen Digital Inc | +0.3% | +63.00% | 加碼 |
| 8 | SLYV | Ss Spdr S&p 600 Sc Val ETF | +0.3% | NEW | 新建倉 |
| 9 | VUG | Vanguard Growth ETF | +0.3% | +5.66% | 加碼 |
| 10 | DELL | Dell Technologies -c | +0.3% | -1.24% | 減碼 |
| 11 | VOE | Vanguard Mid-cap Value ETF | +0.2% | NEW | 新建倉 |
| 12 | NXST | Nexstar Media Group Inc | +0.2% | +56.36% | 加碼 |
| 13 | KLAC | Kla CORP | +0.2% | -1.84% | 減碼 |
| 14 | HPE | Hewlett Packard Enterprise | +0.2% | +2.25% | 加碼 |
| 15 | ✓ | Csg Systems International In | +0.2% | +27.67% | 加碼 |
| 16 | VVX | V2x Inc | +0.2% | NEW | 新建倉 |
| 17 | QCOM | Qualcomm Inc | +0.2% | +215.14% | 加碼 |
| 18 | NVDA | Nvidia CORP | +0.2% | +1.08% | 加碼 |
| 19 | ENVA | Enova International Inc | +0.1% | NEW | 新建倉 |
| 20 | IWR | Ishares Russell Mid-cap ETF | +0.1% | NEW | 新建倉 |
| 21 | ✓ | Hamilton Insurance Group LTD | +0.1% | NEW | 新建倉 |
| 22 | RITM | Rithm Capital CORP | +0.1% | +317.35% | 加碼 |
| 23 | ARW | Arrow Electronics Inc | +0.1% | +4.38% | 加碼 |
| 24 | PFE | Pfizer Inc | +0.1% | NEW | 新建倉 |
| 25 | UGI | Ugi CORP | +0.1% | +44.89% | 加碼 |
| 26 | GSK | Gsk Plc-spon Adr | +0.1% | +76.76% | 加碼 |
| 27 | LDOS | Leidos Holdings Inc | +0.1% | +93.65% | 加碼 |
| 28 | AAMI | Acadian Asset Management Inc | +0.1% | NEW | 新建倉 |
| 29 | MGA | Magna International Inc | +0.1% | NEW | 新建倉 |
| 30 | META | Meta Platforms Inc-class A | +0.1% | -0.93% | 減碼 |
| 31 | NOMD | Nomad Foods Limited | +0.1% | +62.34% | 加碼 |
| 32 | VST | Vistra CORP | +0.1% | -9.31% | 減碼 |
| 33 | ✓ | Costamare Bulkers Holdings | +0.1% | NEW | 新建倉 |
| 34 | IVZ | Invesco Ltd. | +0.1% | NEW | 新建倉 |
| 35 | ORCL | Oracle CORP | +0.1% | NEW | 新建倉 |
| 36 | AVT | Avnet Inc | +0.1% | +4.20% | 加碼 |
| 37 | GRBK | Green Brick Partners Inc | +0.1% | +29.64% | 加碼 |
| 38 | ACMR | Acm Research Inc-class A | +0.1% | +19.48% | 加碼 |
| 39 | EVR | Evercore Inc - A | +0.1% | NEW | 新建倉 |
| 40 | BKNG | Booking Holdings Inc | +0.1% | NEW | 新建倉 |
| 41 | GOOGL | Alphabet Inc-cl A | +0.1% | +3.00% | 加碼 |
| 42 | LRN | Stride Inc | +0.1% | +1.70% | 加碼 |
| 43 | MSFT | Microsoft CORP | +0.1% | +1.30% | 加碼 |
| 44 | VTV | Vanguard Value ETF | +0.1% | NEW | 新建倉 |
| 45 | SPYM | Ste Str Spdr Pt S&p 500 ETF | +0.1% | NEW | 新建倉 |
| 46 | CSX | Csx CORP | +0.1% | NEW | 新建倉 |
| 47 | KEX | Kirby CORP | +0.1% | NEW | 新建倉 |
| 48 | TNL | Travel + Leisure Co | 0% | +10.33% | 加碼 |
| 49 | IJT | Ishares S&p Small-cap 600 Gr | 0% | +29.88% | 加碼 |
| 50 | CVSA | Covista Inc | 0% | +42.88% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Kendall Capital Management 在 Q2 2025 季度的美股持倉總市值約為 US$6.0億，共申報了 225 個公開持股部位。
在 Q2 2025 季度，Kendall Capital Management 按市值排列的前三大核心持股分別為：SMMD (5.6%)、JIRE (4.6%)、AVGO (3.9%)。其中最大持股部位 SMMD 佔據整體投資組合約 5.6% 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
COF
市值: US$127.1萬
本季最大獲利了結 / 清倉標的
DFSEUR
前期市值: US$110.4萬
在 Q2 2025 季度中，Kendall Capital Management 共進行了 187 項持倉異動，包含新建倉 22 個部位、加碼 59 個部位、減碼 91 個部位以及清倉 15 個部位。 其中最大新建倉標的為 COF。 本季清倉部位包含 DFSEUR。
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。