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: 0002001943
申報總市值
US$7.3億
US$7.3億
139 檔
7.1%
KKM Financial LLC 在 Q3 2025 季度的美股部位總計估值為 US$7.3億，分散於 139 個持倉標的之中，反映其市場參與廣度與投資規模。
觀察 Q3 2025 的資金脈絡，KKM Financial LLC 在獲利結算 22 檔個股的同時，將資本重新部署至 13 檔新選標的，展現主動管理機構的輪動節奏。
從部位權重觀察，前 5 大標的（包含 META, AAPL, ESN）累計市值佔比達 7.1%，是驅動 KKM Financial 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 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 4.08% | +0.44% | +3.69% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 3.67% | -0.18% | +5.93% | |
| 3 | ESN | Essential 40 Stock ETF | ETF-其他 | 3.17% | -0.20% | -0.27% | |
| 4 | MSFT | Microsoft CORP | 股票-科技 | 2.70% | +1.11% | +12.23% | |
| 5 | ORCL | Oracle CORP | 股票-科技 | 2.66% | +0.37% | +12.75% | |
| 6 | JPM | Jpmorgan Chase & Co | 股票-金融 | 2.08% | -0.16% | +12.32% | |
| 7 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 1.99% | -0.47% | -39.78% | |
| 8 | INTC | Intel CORP | 股票-科技 | 1.98% | +1.71% | +45.66% | |
| 9 | PANW | Palo Alto Networks Inc | 股票-科技 | 1.92% | +1.60% | +11.96% | |
| 10 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.89% | -0.11% | +15.21% | |
| 11 | IGM | Ishares Expanded Tech Sector | ETF-科技型 | 1.82% | -0.13% | -5.06% | |
| 12 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.78% | +0.01% | +23.48% | |
| 13 | IBM | Intl Business Machines CORP | 股票-科技 | 1.77% | -0.28% | +18.00% | |
| 14 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.73% | +0.50% | +9.75% | |
| 15 | IGV | Ishares Expanded Tech-softwa | ETF-科技型 | 1.69% | -0.41% | +3.08% | |
| 16 | CVS | Cvs Health CORP | 股票-醫療保健 | 1.67% | +0.08% | +39.21% | |
| 17 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.66% | +0.86% | +11.42% | |
| 18 | MPC | Marathon Petroleum CORP | 股票-能源 | 1.59% | +0.49% | +27.56% | |
| 19 | XLK | Ss Technology Select Sector | ETF-科技型 | 1.54% | -0.03% | -10.02% | |
| 20 | V | Visa Inc-class A Shares | 股票-金融 | 1.54% | +0.79% | +11.93% | |
| 21 | BA | Boeing Co/the | 股票-工業 | 1.54% | -0.11% | +29.50% | |
| 22 | HD | Home Depot Inc | 股票-循環性消費 | 1.53% | -0.25% | +20.42% | |
| 23 | CME | Cme Group Inc | 股票-金融 | 1.51% | -0.19% | +24.29% | |
| 24 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 1.49% | +0.79% | +13.59% | |
| 25 | WM | Waste Management Inc | 股票-工業 | 1.49% | +0.09% | +21.18% | |
| 26 | DUK | Duke Energy CORP | 股票-公用事業 | 1.47% | +0.13% | +25.15% | |
| 27 | F | Ford Motor Co | 股票-循環性消費 | 1.44% | -0.10% | +33.13% | |
| 28 | SYY | Sysco CORP | 股票-非循環性消費 | 1.43% | +0.27% | +25.55% | |
| 29 | NTR | Nutrien LTD | 股票-原物料 | 1.42% | +0.01% | +28.23% | |
| 30 | CB | Chubb Limited | 股票-金融 | 1.42% | +0.10% | +22.98% | |
| 31 | ADP | Automatic Data Processing | 股票-科技 | 1.40% | +0.06% | +18.19% | |
| 32 | VZ | Verizon Communications Inc | 股票-通訊服務 | 1.40% | +0.16% | +28.11% | |
| 33 | MMM | 3m Co | 股票-工業 | 1.39% | -0.03% | +21.96% | |
| 34 | XOM | Exxon Mobil CORP | 股票-能源 | 1.39% | +0.19% | +24.21% | |
| 35 | LMT | Lockheed Martin CORP | 股票-工業 | 1.36% | +0.06% | +22.87% | |
| 36 | AWK | American Water Works Co Inc | 股票-公用事業 | 1.33% | -0.47% | +31.14% | |
| 37 | MAS | Masco CORP | 股票-工業 | 1.29% | +0.42% | +24.50% | |
| 38 | IYF | Ishares US Financials ETF | ETF-其他 | 1.28% | -0.30% | -0.29% | |
| 39 | EPD | Enterprise Products Partners | 股票-能源 | 1.23% | +0.30% | +22.07% | |
| 40 | XLI | Ss Industrial Select Sector | ETF-其他 | 1.23% | -0.15% | -0.61% | |
| 41 | PFE | Pfizer Inc | 股票-醫療保健 | 1.20% | +0.18% | +28.87% | |
| 42 | DAL | Delta Air Lines Inc | 股票-工業 | 1.18% | +0.41% | +12.45% | |
| 43 | FDX | Fedex CORP | 股票-工業 | 1.16% | +0.10% | +25.14% | |
| 44 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.15% | -0.47% | +17.56% | |
| 45 | FCX | Freeport-mcmoran Inc | 股票-原物料 | 1.14% | +0.07% | +57.86% | |
| 46 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 1.11% | +1.57% | +47.28% | |
| 47 | NEAR | Ishares Sh Dba ETF Usd Inc | ETF-其他 | 1.05% | -0.11% | +0.65% | |
| 48 | CMCSA | Comcast Corp-class A | 股票-通訊服務 | 1.04% | -1.92% | EXIT | |
| 49 | SOXX | Ishares Semiconductor ETF | ETF-其他 | 1.00% | +0.48% | -4.64% | |
| 50 | IWR | Ishares Russell Mid-cap ETF | ETF-其他 | 0.90% | -0.07% | +0.18% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | ORCL | Oracle CORP | +1.5% | +12.75% | 加碼 |
| 2 | INTC | Intel CORP | +0.9% | +45.66% | 加碼 |
| 3 | GOOGL | Alphabet Inc-cl A | +0.8% | +9.75% | 加碼 |
| 4 | MSFT | Microsoft CORP | +0.6% | +12.23% | 加碼 |
| 5 | MPC | Marathon Petroleum CORP | +0.6% | +27.56% | 加碼 |
| 6 | JPM | Jpmorgan Chase & Co | +0.6% | +12.32% | 加碼 |
| 7 | BA | Boeing Co/the | +0.5% | +29.50% | 加碼 |
| 8 | CVS | Cvs Health CORP | +0.5% | +39.21% | 加碼 |
| 9 | F | Ford Motor Co | +0.5% | +33.13% | 加碼 |
| 10 | IBM | Intl Business Machines CORP | +0.4% | +18.00% | 加碼 |
| 11 | NTR | Nutrien LTD | +0.4% | +28.23% | 加碼 |
| 12 | DAL | Delta Air Lines Inc | +0.4% | +12.45% | 加碼 |
| 13 | META | Meta Platforms Inc-class A | +0.4% | +3.69% | 加碼 |
| 14 | JNJ | Johnson & Johnson | +0.3% | +23.48% | 加碼 |
| 15 | MMM | 3m Co | +0.3% | +21.96% | 加碼 |
| 16 | PANW | Palo Alto Networks Inc | +0.3% | +11.96% | 加碼 |
| 17 | SYY | Sysco CORP | +0.3% | +25.55% | 加碼 |
| 18 | LMT | Lockheed Martin CORP | +0.3% | +22.87% | 加碼 |
| 19 | AMZN | Amazon.com Inc | +0.3% | +11.42% | 加碼 |
| 20 | CME | Cme Group Inc | +0.3% | +24.29% | 加碼 |
| 21 | HD | Home Depot Inc | +0.3% | +20.42% | 加碼 |
| 22 | DUK | Duke Energy CORP | +0.3% | +25.15% | 加碼 |
| 23 | VZ | Verizon Communications Inc | +0.2% | +28.11% | 加碼 |
| 24 | MAS | Masco CORP | +0.2% | +24.50% | 加碼 |
| 25 | AWK | American Water Works Co Inc | +0.2% | +31.14% | 加碼 |
| 26 | PFE | Pfizer Inc | +0.2% | +28.87% | 加碼 |
| 27 | FCX | Freeport-mcmoran Inc | +0.2% | +57.86% | 加碼 |
| 28 | XOM | Exxon Mobil CORP | +0.2% | +24.21% | 加碼 |
| 29 | FDX | Fedex CORP | +0.2% | +25.14% | 加碼 |
| 30 | WM | Waste Management Inc | +0.1% | +21.18% | 加碼 |
| 31 | CB | Chubb Limited | +0.1% | +22.98% | 加碼 |
| 32 | EPD | Enterprise Products Partners | +0.1% | +22.07% | 加碼 |
| 33 | TSLA | Tesla Inc | +0.1% | -20.71% | 減碼 |
| 34 | ADP | Automatic Data Processing | +0.1% | +18.19% | 加碼 |
| 35 | COST | Costco Wholesale CORP | +0.1% | +13.59% | 加碼 |
| 36 | STX | Seagate Technology Holdings plc | +0.1% | — | 減碼 |
| 37 | LLY | Eli Lilly & Co | +0.1% | +17.56% | 加碼 |
| 38 | GOOG | Alphabet Inc-cl C | +0.1% | -1.62% | 減碼 |
| 39 | XLC | Ss Comm Select Sector Spdr | +0.1% | -8.00% | 加碼 |
| 40 | CMCSA | Comcast Corp-class A | 0% | +32.34% | 加碼 |
| 41 | ASPI | Asp Isotopes Inc | 0% | — | 不變 |
| 42 | V | Visa Inc-class A Shares | 0% | +11.93% | 加碼 |
| 43 | IGLB | Ishares 10+ Year Inv Gr CORP | 0% | +50.81% | 加碼 |
| 44 | PKB | Invesco Building & Construct | 0% | — | 不變 |
| 45 | CAT | Caterpillar Inc | — | -5.83% | 減碼 |
| 46 | PSI | Invesco Semiconductors ETF | — | -0.01% | 減碼 |
| 47 | PNQI | Invesco Nasdaq Internet ETF | — | +14.15% | 加碼 |
| 48 | MS | Morgan Stanley | 0% | — | 減碼 |
| 49 | XLF | Ss Financial Select Sector | 0% | +17.68% | 加碼 |
| 50 | PHO | Invesco Water Resources ETF | 0% | +16.13% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，KKM Financial LLC 在 Q3 2025 季度的美股持倉總市值約為 US$7.3億，共申報了 139 個公開持股部位。
在 Q3 2025 季度，KKM Financial LLC 按市值排列的前三大核心持股分別為：META (4.1%)、AAPL (3.7%)、ESN (3.2%)。其中最大持股部位 META 佔據整體投資組合約 4.1% 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
IYZ
市值: US$81.2萬
本季最大獲利了結 / 清倉標的
AVGO
前期市值: US$140.6萬
在 Q3 2025 季度中，KKM Financial LLC 共進行了 145 項持倉異動，包含新建倉 13 個部位、加碼 53 個部位、減碼 57 個部位以及清倉 22 個部位。 其中最大新建倉標的為 IYZ。 本季清倉部位包含 AVGO。
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。