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: 0001845536
申報總市值
US$2.3億
US$2.3億
101 檔
21.9%
Kensington Investment Counsel, LLC 在 Q2 2025 季度的美股部位總計估值為 US$2.3億，分散於 101 個持倉標的之中，反映其市場參與廣度與投資規模。
Kensington Investment Counsel, LLC 於 Q2 2025 展現出進攻型調倉步調，本季推動了 8 檔股票的新建倉與 43 檔既有部位加碼，整體資金傾向擴大在美股市場的曝險佈局。
從部位權重觀察，前 5 大標的（包含 MSFT, AAPL, WSO）累計市值佔比達 21.9%，是驅動 Kensington Investment Counsel, LLC 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 | MSFT | Microsoft CORP | 股票-科技 | 6.23% | -0.31% | +2.50% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 5.25% | +0.37% | +2.18% | |
| 3 | WSO | Watsco Inc | 股票-工業 | 3.69% | +0.03% | +1.77% | |
| 4 | JPM | Jpmorgan Chase & Co | 股票-金融 | 3.26% | -0.18% | +2.59% | |
| 5 | WSM | Williams-sonoma Inc | 股票-循環性消費 | 3.24% | +0.31% | +1.64% | |
| 6 | SNA | Snap-on Inc | 股票-工業 | 2.87% | -0.16% | +2.11% | |
| 7 | ABBV | Abbvie Inc | 股票-醫療保健 | 2.84% | -0.02% | +3.58% | |
| 8 | MKC | Mccormick & Co-non Vtg Shrs | 股票-非循環性消費 | 2.75% | — | +1.98% | |
| 9 | RSG | Republic Services Inc | 股票-工業 | 2.75% | -0.50% | +2.97% | |
| 10 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 2.33% | — | +3.66% | |
| 11 | HD | Home Depot Inc | 股票-循環性消費 | 2.30% | -0.33% | +1.73% | |
| 12 | GD | General Dynamics CORP | 股票-工業 | 2.23% | -0.36% | +3.23% | |
| 13 | BR | Broadridge Financial Solutio | 股票-科技 | 2.06% | -0.60% | +3.14% | |
| 14 | PEP | Pepsico Inc | 股票-非循環性消費 | 1.99% | -0.72% | +4.64% | |
| 15 | AMGN | Amgen Inc | 股票-醫療保健 | 1.98% | -0.39% | +3.17% | |
| 16 | ACN | Accenture plc | 股票-科技 | 1.93% | — | +2.95% | |
| 17 | TXN | Texas Instruments Inc | 股票-科技 | 1.90% | +0.71% | +3.64% | |
| 18 | NVDA | Nvidia CORP | 股票-科技 | 1.79% | +0.26% | +4.10% | |
| 19 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 1.78% | -0.04% | +1.74% | |
| 20 | QCOM | Qualcomm Inc | 股票-科技 | 1.74% | +0.40% | +2.76% | |
| 21 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.64% | -0.40% | +2.88% | |
| 22 | AVB | Avalonbay Communities Inc | 股票-房地產 | 1.48% | -0.04% | +3.20% | |
| 23 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 1.48% | -0.19% | +2.97% | |
| 24 | CRWD | Crowdstrike Holdings Inc - A | 股票-科技 | 1.46% | +0.24% | -0.92% | |
| 25 | MORN | Morningstar Inc | 股票-金融 | 1.39% | — | -0.56% | |
| 26 | ROP | Roper Technologies Inc | 股票-科技 | 1.38% | -0.07% | -0.30% | |
| 27 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.33% | +0.23% | +0.97% | |
| 28 | MA | Mastercard Inc - A | 股票-金融 | 1.30% | -0.10% | -0.35% | |
| 29 | CHD | Church & Dwight Co Inc | 股票-非循環性消費 | 1.24% | -0.05% | -0.32% | |
| 30 | CPRT | Copart Inc | 股票-工業 | 1.23% | -0.07% | -0.63% | |
| 31 | FDS | Factset Research Systems Inc | 股票-金融 | 1.20% | — | -0.57% | |
| 32 | TTD | Trade Desk Inc/the -class A | 股票-通訊服務 | 1.12% | — | +1.00% | |
| 33 | AME | Ametek Inc | 股票-工業 | 1.07% | +0.02% | -1.37% | |
| 34 | CSW | Csw Industrials Inc | 股票-工業 | 1.06% | -0.01% | -0.60% | |
| 35 | MKL | Markel Group Inc | 股票-金融 | 1.00% | -0.06% | -0.76% | |
| 36 | EPAC | Enerpac Tool Group CORP | 股票-其他 | 0.98% | -0.09% | -0.60% | |
| 37 | DUOL | Duolingo | 股票-科技 | 0.97% | — | +0.46% | |
| 38 | ROL | Rollins Inc | 股票-循環性消費 | 0.89% | -0.14% | -0.60% | |
| 39 | AMZN | Amazon.com Inc | 股票-循環性消費 | 0.84% | +0.01% | +3.13% | |
| 40 | LKQ | Lkq CORP | 股票-循環性消費 | 0.79% | — | -30.96% | |
| 41 | RMD | Resmed Inc | 股票-醫療保健 | 0.79% | -0.11% | -0.41% | |
| 42 | H | Hyatt Hotels CORP - Cl A | 股票-循環性消費 | 0.77% | +0.09% | -2.19% | |
| 43 | DELL | Dell Technologies -c | 股票-科技 | 0.75% | +1.95% | +5.20% | |
| 44 | SHW | Sherwin-williams Co/the | 股票-原物料 | 0.72% | -0.04% | — | |
| 45 | EXLS | Exlservice Holdings Inc | 股票-科技 | 0.71% | — | -0.68% | |
| 46 | ZS | Zscaler Inc | 股票-科技 | 0.70% | — | -0.92% | |
| 47 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.67% | +0.16% | — | |
| 48 | WAT | Waters CORP | 股票-醫療保健 | 0.67% | +0.02% | -0.65% | |
| 49 | AVGO | Broadcom Inc | 股票-科技 | 0.63% | +0.10% | +1.32% | |
| 50 | MNST | Monster Beverage CORP | 股票-非循環性消費 | 0.61% | +0.10% | -0.30% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | MSFT | Microsoft CORP | +1.5% | +2.50% | 加碼 |
| 2 | NVDA | Nvidia CORP | +0.6% | +4.10% | 加碼 |
| 3 | JPM | Jpmorgan Chase & Co | +0.5% | +2.59% | 加碼 |
| 4 | CRWD | Crowdstrike Holdings Inc - A | +0.4% | -0.92% | 減碼 |
| 5 | TXN | Texas Instruments Inc | +0.3% | +3.64% | 加碼 |
| 6 | QQQ | Invesco Qqq Trust Series 1 | +0.2% | +1.74% | 加碼 |
| 7 | TTD | Trade Desk Inc/the -class A | +0.2% | +1.00% | 加碼 |
| 8 | ZS | Zscaler Inc | +0.2% | -0.92% | 減碼 |
| 9 | AVGO | Broadcom Inc | +0.2% | +1.32% | 加碼 |
| 10 | DUOL | Duolingo | +0.2% | +0.46% | 加碼 |
| 11 | DELL | Dell Technologies -c | +0.2% | +5.20% | 加碼 |
| 12 | FIVE | Five Below | +0.2% | -0.71% | 減碼 |
| 13 | GD | General Dynamics CORP | +0.1% | +3.23% | 加碼 |
| 14 | GOOGL | Alphabet Inc-cl A | +0.1% | +0.97% | 加碼 |
| 15 | AMZN | Amazon.com Inc | +0.1% | +3.13% | 加碼 |
| 16 | INTU | Intuit Inc | +0.1% | +0.34% | 加碼 |
| 17 | COIN | Coinbase Global Inc -class A | +0.1% | NEW | 新建倉 |
| 18 | META | Meta Platforms Inc-class A | +0.1% | +1.44% | 加碼 |
| 19 | IBM | Intl Business Machines CORP | +0.1% | NEW | 新建倉 |
| 20 | AMAT | Applied Materials Inc | +0.1% | NEW | 新建倉 |
| 21 | APH | Amphenol Corp-cl A | +0.1% | NEW | 新建倉 |
| 22 | NOW | Servicenow Inc | +0.1% | NEW | 新建倉 |
| 23 | DIS | Walt Disney Co/the | +0.1% | NEW | 新建倉 |
| 24 | APPF | Appfolio Inc - A | +0.1% | NEW | 新建倉 |
| 25 | FIS | Fidelity National Info Serv | +0.1% | NEW | 新建倉 |
| 26 | RMD | Resmed Inc | +0.1% | -0.41% | 減碼 |
| 27 | NDAQ | Nasdaq Inc | +0.1% | -1.07% | 減碼 |
| 28 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.1% | +26.52% | 加碼 |
| 29 | WSM | Williams-sonoma Inc | +0.1% | +1.64% | 加碼 |
| 30 | QCOM | Qualcomm Inc | +0.1% | +2.76% | 加碼 |
| 31 | H | Hyatt Hotels CORP - Cl A | +0.1% | -2.19% | 減碼 |
| 32 | PANW | Palo Alto Networks Inc | +0.1% | +0.34% | 加碼 |
| 33 | AMD | Advanced Micro Devices | +0.1% | +0.90% | 加碼 |
| 34 | RSG | Republic Services Inc | 0% | +2.97% | 加碼 |
| 35 | LFUS | Littelfuse Inc | 0% | -1.37% | 減碼 |
| 36 | GOOG | Alphabet Inc-cl C | 0% | +4.16% | 加碼 |
| 37 | MKL | Markel Group Inc | 0% | -0.76% | 減碼 |
| 38 | MNST | Monster Beverage CORP | 0% | -0.30% | 減碼 |
| 39 | NVS | Novartis Ag-sponsored Adr | 0% | +0.10% | 加碼 |
| 40 | PYPL | Paypal Holdings Inc | 0% | -3.02% | 減碼 |
| 41 | CSCO | Cisco Systems Inc | 0% | +1.18% | 加碼 |
| 42 | BX | Blackstone Inc | 0% | — | 不變 |
| 43 | BA | Boeing Co/the | 0% | — | 不變 |
| 44 | COST | Costco Wholesale CORP | 0% | +1.03% | 加碼 |
| 45 | MORN | Morningstar Inc | — | -0.56% | 減碼 |
| 46 | AME | Ametek Inc | — | -1.37% | 減碼 |
| 47 | ROL | Rollins Inc | — | -0.60% | 減碼 |
| 48 | DKS | Dick's Sporting Goods Inc | — | +5.53% | 加碼 |
| 49 | CTSH | Cognizant Tech Solutions-a | — | — | 不變 |
| 50 | GBDC | Golub Capital Bdc Inc | — | — | 不變 |
根據 SEC 官方 Form 13F 申報備案，Kensington Investment Counsel, LLC 在 Q2 2025 季度的美股持倉總市值約為 US$2.3億，共申報了 101 個公開持股部位。
在 Q2 2025 季度，Kensington Investment Counsel, LLC 按市值排列的前三大核心持股分別為：MSFT (6.2%)、AAPL (5.3%)、WSO (3.7%)。其中最大持股部位 MSFT 佔據整體投資組合約 6.2% 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
COIN
市值: US$26.5萬
本季最大獲利了結 / 清倉標的
EMR
前期市值: US$241.8萬
在 Q2 2025 季度中，Kensington Investment Counsel, LLC 共進行了 85 項持倉異動，包含新建倉 8 個部位、加碼 43 個部位、減碼 33 個部位以及清倉 1 個部位。 其中最大新建倉標的為 COIN。 本季清倉部位包含 EMR。
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。