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
231 檔
17.8%
Q1 2026 季度申報顯示，Kendall Capital Management 揭露的美股組合總市值為 US$6.0億，涵蓋 231 個不同之權益投資部位。
Kendall Capital Management 在 Q1 2026 進行了結構性的板塊輪動與部位換股。在開立 14 個全新部位及加碼 75 檔持股的同時，亦同步清倉 13 檔並減碼 90 檔標的。
整體而言，Kendall Capital Management 的前 5 大持股（包含 TMSL, SMMD, JIRE）貢獻了組合市值的 17.8%，形成該機構在 Q1 2026 季度的基本面基石。
本季最大新建倉標的
LLY
市值: US$130.5萬
本季最大獲利了結 / 清倉標的
TGNA
前期市值: US$121.0萬
僅顯示前 200 大持股（共 231 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 | TMSL | T.rowe Prc Small-mid Cap ETF | ETF-其他 | 5.57% | +0.04% | +7.11% | |
| 2 | SMMD | Ishares Russell 2500 ETF | ETF-其他 | 5.55% | -4.43% | +0.59% | |
| 3 | JIRE | Jpmorgan Int Res Enh Eqty | ETF-其他 | 5.20% | -0.39% | +2.90% | |
| 4 | AVGO | Broadcom Inc | 股票-科技 | 2.84% | +0.04% | -2.47% | |
| 5 | VUG | Vanguard Growth ETF | ETF-其他 | 2.73% | +0.03% | +4.87% | |
| 6 | VWO | Vanguard Ftse Emerging Marke | ETF-新興市場 | 2.56% | -0.11% | +6.26% | |
| 7 | JPST | Jpmorgan Ultra-short Income | ETF-其他 | 2.39% | -0.04% | +5.25% | |
| 8 | DELL | Dell Technologies -c | 股票-科技 | 2.15% | +2.18% | +6.60% | |
| 9 | AVT | Avnet Inc | 股票-科技 | 2.13% | +0.48% | +3.19% | |
| 10 | KLAC | Kla CORP | 股票-科技 | 1.72% | +0.95% | -3.19% | |
| 11 | OMC | Omnicom Group | 股票-通訊服務 | 1.58% | -0.04% | +6.18% | |
| 12 | VV | Vanguard Large-cap ETF | ETF-其他 | 1.35% | -0.09% | +0.02% | |
| 13 | VSEC | Vse CORP | 股票-工業 | 1.33% | -0.10% | -19.76% | |
| 14 | HPE | Hewlett Packard Enterprise | 股票-科技 | 1.23% | +0.53% | -0.18% | |
| 15 | VCTR | Victory Capital Holding - A | 股票-其他 | 1.19% | +0.03% | -0.42% | |
| 16 | CLS | Celestica Inc | 股票-科技 | 1.19% | -0.05% | -4.77% | |
| 17 | VO | Vanguard Mid-cap ETF | ETF-其他 | 1.18% | -0.10% | +0.06% | |
| 18 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.12% | +0.03% | -2.19% | |
| 19 | FHI | Federated Hermes Inc | 股票-金融 | 1.12% | — | +9.97% | |
| 20 | ABBV | Abbvie Inc | 股票-醫療保健 | 1.11% | -0.07% | +0.11% | |
| 21 | COR | Cencora Inc | 股票-醫療保健 | 1.11% | -0.30% | -0.83% | |
| 22 | AAPL | Apple Inc | 股票-科技 | 1.10% | +0.13% | +0.18% | |
| 23 | NXST | Nexstar Media Group Inc | 股票-通訊服務 | 1.07% | -0.30% | +1.97% | |
| 24 | TDTF | Flexshares Iboxx 5-year Targ | ETF-其他 | 0.96% | -0.04% | +5.06% | |
| 25 | VTI | Vanguard Total Stock Mkt ETF | ETF-其他 | 0.94% | -0.03% | +0.57% | |
| 26 | ✓ | Csg Systems International In | 股票-其他 | 0.91% | -0.91% | EXIT | |
| 27 | CMRE | Costamare Inc. | 股票-其他 | 0.89% | -0.23% | +0.96% | |
| 28 | CMI | Cummins Inc | 股票-工業 | 0.87% | +0.05% | -0.31% | |
| 29 | GEN | Gen Digital Inc | 股票-科技 | 0.79% | +0.03% | +4.64% | |
| 30 | BMY | Bristol-myers Squibb Co | 股票-醫療保健 | 0.77% | -0.11% | +8.40% | |
| 31 | UTHR | United Therapeutics CORP | 股票-醫療保健 | 0.76% | -0.23% | -4.24% | |
| 32 | EQH | Equitable Holdings Inc | 股票-金融 | 0.76% | -0.05% | -17.27% | |
| 33 | VTV | Vanguard Value ETF | ETF-其他 | 0.76% | +0.15% | +16.73% | |
| 34 | JXN | Jackson Financial Inc-a | 股票-金融 | 0.74% | -0.19% | -3.43% | |
| 35 | ARW | Arrow Electronics Inc | 股票-科技 | 0.74% | +0.15% | -0.69% | |
| 36 | VEU | Vanguard Ftse All-world Ex-u | ETF-其他 | 0.73% | +0.08% | +28.48% | |
| 37 | NVDA | Nvidia CORP | 股票-科技 | 0.71% | +0.11% | +7.85% | |
| 38 | MA | Mastercard Inc - A | 股票-金融 | 0.71% | -0.06% | +2.68% | |
| 39 | WLY | Wiley (john) & Sons-class A | 股票-其他 | 0.70% | +0.13% | +1.98% | |
| 40 | ACMR | Acm Research Inc-class A | 股票-其他 | 0.67% | +0.87% | -1.29% | |
| 41 | CDW | Cdw Corp/de | 股票-科技 | 0.67% | -0.07% | -2.88% | |
| 42 | BWA | Borgwarner Inc | 股票-循環性消費 | 0.63% | +0.05% | +16.40% | |
| 43 | EXPE | Expedia Group Inc | 股票-循環性消費 | 0.61% | -0.06% | -0.99% | |
| 44 | MCK | Mckesson CORP | 股票-醫療保健 | 0.59% | -0.14% | +2.25% | |
| 45 | TNL | Travel + Leisure Co | 股票-循環性消費 | 0.59% | -0.02% | +11.95% | |
| 46 | R | Ryder System Inc | 股票-工業 | 0.58% | +0.01% | -5.78% | |
| 47 | VTRS | Viatris Inc | 股票-醫療保健 | 0.57% | — | -0.94% | |
| 48 | IWC | Ishares Micro-cap ETF | ETF-其他 | 0.57% | — | +1.23% | |
| 49 | VVX | V2x Inc | 股票-其他 | 0.52% | +0.06% | +19.28% | |
| 50 | ACN | Accenture plc | 股票-科技 | 0.51% | -0.31% | +7.11% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | DELL | Dell Technologies -c | +0.6% | +6.60% | 加碼 |
| 2 | AVT | Avnet Inc | +0.5% | +3.19% | 加碼 |
| 3 | TMSL | T.rowe Prc Small-mid Cap ETF | +0.4% | +7.11% | 加碼 |
| 4 | KLAC | Kla CORP | +0.2% | -3.19% | 減碼 |
| 5 | FHI | Federated Hermes Inc | +0.2% | +9.97% | 加碼 |
| 6 | BWA | Borgwarner Inc | +0.2% | +16.40% | 加碼 |
| 7 | PR | Permian Resources Corp-cl A | +0.2% | +17.19% | 加碼 |
| 8 | VEU | Vanguard Ftse All-world Ex-u | +0.2% | +28.48% | 加碼 |
| 9 | VVX | V2x Inc | +0.2% | +19.28% | 加碼 |
| 10 | ARW | Arrow Electronics Inc | +0.2% | -0.69% | 減碼 |
| 11 | FMDE | Fidelity Enhanced Mid Cap Co | +0.2% | +193.92% | 加碼 |
| 12 | DLX | Deluxe CORP | +0.1% | +70.53% | 加碼 |
| 13 | WLY | Wiley (john) & Sons-class A | +0.1% | +1.98% | 加碼 |
| 14 | BMY | Bristol-myers Squibb Co | +0.1% | +8.40% | 加碼 |
| 15 | LRN | Stride Inc | +0.1% | +3.13% | 加碼 |
| 16 | TDW | Tidewater Inc | +0.1% | +33.00% | 加碼 |
| 17 | VWO | Vanguard Ftse Emerging Marke | +0.1% | +6.26% | 加碼 |
| 18 | VTV | Vanguard Value ETF | +0.1% | +16.73% | 加碼 |
| 19 | JIRE | Jpmorgan Int Res Enh Eqty | +0.1% | +2.90% | 加碼 |
| 20 | UTHR | United Therapeutics CORP | +0.1% | -4.24% | 減碼 |
| 21 | VLO | Valero Energy CORP | +0.1% | -1.31% | 減碼 |
| 22 | JNJ | Johnson & Johnson | +0.1% | +9.00% | 加碼 |
| 23 | MRK | Merck & Co. Inc. | +0.1% | +5.18% | 加碼 |
| 24 | TNK | Teekay Tankers Ltd. | +0.1% | -0.72% | 減碼 |
| 25 | JPST | Jpmorgan Ultra-short Income | +0.1% | +5.25% | 加碼 |
| 26 | PLAB | Photronics Inc | +0.1% | -1.32% | 減碼 |
| 27 | GSK | Gsk Plc-spon Adr | +0.1% | +4.31% | 加碼 |
| 28 | AAMI | Acadian Asset Management Inc | +0.1% | +6.82% | 加碼 |
| 29 | JAZZ | Jazz Pharmaceuticals plc | +0.1% | +12.52% | 加碼 |
| 30 | CRUS | Cirrus Logic Inc | +0.1% | +1.91% | 加碼 |
| 31 | CMRE | Costamare Inc. | +0.1% | +0.96% | 加碼 |
| 32 | CVSA | Covista Inc | +0.1% | +61.04% | 加碼 |
| 33 | NFG | National Fuel Gas Co | +0.1% | +5.24% | 加碼 |
| 34 | PSMT | Pricesmart Inc | +0.1% | -3.26% | 減碼 |
| 35 | TNL | Travel + Leisure Co | +0.1% | +11.95% | 加碼 |
| 36 | STZ | Constellation Brands Inc-a | +0.1% | +38.50% | 加碼 |
| 37 | CBOE | Cboe Global Markets Inc | 0% | -0.17% | 減碼 |
| 38 | TDTF | Flexshares Iboxx 5-year Targ | 0% | +5.06% | 加碼 |
| 39 | PFE | Pfizer Inc | 0% | +9.67% | 加碼 |
| 40 | FDM | First Trust Dow J Select Mic | 0% | +9.45% | 加碼 |
| 41 | UGI | Ugi CORP | 0% | +17.48% | 加碼 |
| 42 | GRBK | Green Brick Partners Inc | 0% | +11.29% | 加碼 |
| 43 | ALSN | Allison Transmission Holding | 0% | -5.49% | 減碼 |
| 44 | ADEA | Adeia Inc | 0% | -1.78% | 減碼 |
| 45 | BG | Bunge Global SA | 0% | -3.64% | 減碼 |
| 46 | INVA | Innoviva Inc | 0% | +13.47% | 加碼 |
| 47 | MCK | Mckesson CORP | 0% | +2.25% | 加碼 |
| 48 | GUNR | Flexshares Global Upstream N | 0% | -3.86% | 減碼 |
| 49 | LRCX | Lam Research CORP | 0% | -2.19% | 減碼 |
| 50 | SMMD | Ishares Russell 2500 ETF | 0% | +0.59% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Kendall Capital Management 在 Q1 2026 季度的美股持倉總市值約為 US$6.0億，共申報了 231 個公開持股部位。
在 Q1 2026 季度，Kendall Capital Management 按市值排列的前三大核心持股分別為：TMSL (5.6%)、SMMD (5.5%)、JIRE (5.2%)。其中最大持股部位 TMSL 佔據整體投資組合約 5.6% 的權重。
在 Q1 2026 季度中，Kendall Capital Management 共進行了 192 項持倉異動，包含新建倉 14 個部位、加碼 75 個部位、減碼 90 個部位以及清倉 13 個部位。 其中最大新建倉標的為 LLY。 本季清倉部位包含 TGNA。
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。
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。
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。