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: 0001633862
申報總市值
US$5.6億
US$5.6億
131 檔
36.9%
Lincoln Capital LLC 在 Q4 2025 季度的美股部位總計估值為 US$5.6億，分散於 131 個持倉標的之中，反映其市場參與廣度與投資規模。
觀察 Q4 2025 的資金脈絡，Lincoln Capital LLC 在獲利結算 2 檔個股的同時，將資本重新部署至 7 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 GOOGL, BRK-B, BRK-A）累計市值佔比達 36.9%，是驅動 Lincoln Capital 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 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 8.83% | +1.25% | -0.52% | |
| 2 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 8.54% | -0.32% | -0.42% | |
| 3 | BRK-A | Berkshire Hathaway Inc-cl A | 股票-其他 | 7.25% | -0.15% | — | |
| 4 | MKL | Markel Group Inc | 股票-金融 | 6.78% | -0.38% | -0.84% | |
| 5 | MA | Mastercard Inc - A | 股票-金融 | 6.23% | -0.31% | -1.18% | |
| 6 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 5.44% | -0.83% | -0.13% | |
| 7 | MSFT | Microsoft CORP | 股票-科技 | 3.74% | -0.23% | -0.59% | |
| 8 | DHR | Danaher CORP | 股票-醫療保健 | 3.56% | +0.05% | -0.63% | |
| 9 | AMZN | Amazon.com Inc | 股票-循環性消費 | 3.34% | +0.16% | -0.45% | |
| 10 | AAPL | Apple Inc | 股票-科技 | 2.78% | +0.21% | -0.22% | |
| 11 | SBUX | Starbucks CORP | 股票-循環性消費 | 2.44% | +0.13% | -1.41% | |
| 12 | HGTY | Hagerty Inc-a | 股票-其他 | 1.98% | +0.17% | +3.23% | |
| 13 | MCD | Mcdonald's CORP | 股票-循環性消費 | 1.77% | -0.41% | -0.40% | |
| 14 | DIS | Walt Disney Co/the | 股票-通訊服務 | 1.65% | -0.16% | -1.86% | |
| 15 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.65% | +0.03% | -0.29% | |
| 16 | CARR | Carrier Global CORP | 股票-工業 | 1.52% | +0.31% | -1.39% | |
| 17 | MAR | Marriott International -cl A | 股票-循環性消費 | 1.48% | +0.08% | -0.35% | |
| 18 | AXP | American Express Co | 股票-金融 | 1.29% | — | +0.70% | |
| 19 | BNY | Bank Of New York Mellon CORP | 股票-金融 | 1.28% | +0.19% | -0.28% | |
| 20 | CPRT | Copart Inc | 股票-工業 | 1.18% | -0.19% | +102.67% | |
| 21 | OTIS | Otis Worldwide CORP | 股票-工業 | 1.09% | -0.16% | -1.54% | |
| 22 | SCHW | Schwab (charles) CORP | 股票-金融 | 1.09% | -0.10% | -1.85% | |
| 23 | MCO | Moody's CORP | 股票-金融 | 1.04% | -0.03% | -1.90% | |
| 24 | ROP | Roper Technologies Inc | 股票-科技 | 1.04% | -0.01% | -1.39% | |
| 25 | LIN | Linde plc | 股票-原物料 | 1.04% | -0.03% | -1.56% | |
| 26 | KO | Coca-cola Co/the | 股票-非循環性消費 | 1.01% | -0.04% | +0.47% | |
| 27 | OXY | Occidental Petroleum CORP | 股票-能源 | 0.93% | -0.23% | +0.14% | |
| 28 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.89% | -0.08% | +1.15% | |
| 29 | UNP | Union Pacific CORP | 股票-工業 | 0.86% | +0.02% | +0.06% | |
| 30 | FWONK | Liberty Media Corp-formula-c | 股票-通訊服務 | 0.74% | +0.16% | +0.09% | |
| 31 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.71% | +0.11% | +0.41% | |
| 32 | TRV | Travelers Cos Inc/the | 股票-金融 | 0.62% | +0.01% | -10.79% | |
| 33 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 0.59% | +0.08% | +3.64% | |
| 34 | CGGR | Cap Group Growth Equity | ETF-其他 | 0.53% | +0.12% | +8.86% | |
| 35 | FAST | Fastenal Co | 股票-工業 | 0.51% | -0.01% | +22.38% | |
| 36 | CB | Chubb Limited | 股票-金融 | 0.50% | -0.01% | -2.24% | |
| 37 | WMT | Walmart Inc | 股票-非循環性消費 | 0.46% | -0.08% | +2.71% | |
| 38 | BLK | Blackrock Inc | 股票-金融 | 0.46% | -0.07% | -4.57% | |
| 39 | BDX | Becton Dickinson And Co | 股票-醫療保健 | 0.43% | -0.04% | -5.39% | |
| 40 | APH | Amphenol Corp-cl A | 股票-科技 | 0.42% | +0.06% | -25.66% | |
| 41 | VLTO | Veralto CORP | 股票-工業 | 0.42% | -0.02% | -2.20% | |
| 42 | PEP | Pepsico Inc | 股票-非循環性消費 | 0.40% | -0.10% | -0.70% | |
| 43 | DE | Deere & Co | 股票-工業 | 0.38% | +0.02% | +0.02% | |
| 44 | IDXX | Idexx Laboratories Inc | 股票-醫療保健 | 0.37% | -0.04% | — | |
| 45 | ECL | Ecolab Inc | 股票-原物料 | 0.33% | -0.01% | -1.53% | |
| 46 | LPX | Louisiana-pacific CORP | 股票-工業 | 0.33% | — | -9.84% | |
| 47 | VUG | Vanguard Growth ETF | ETF-其他 | 0.32% | +0.05% | +5.98% | |
| 48 | IEFA | Ishares Core Msci Eafe ETF | ETF-其他 | 0.30% | — | +0.01% | |
| 49 | CINF | Cincinnati Financial CORP | 股票-金融 | 0.29% | +0.03% | — | |
| 50 | CGUS | Cap Group Core Equity | ETF-其他 | 0.26% | +0.09% | +21.81% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | GOOGL | Alphabet Inc-cl A | +1.6% | -0.52% | 減碼 |
| 2 | CPRT | Copart Inc | +0.5% | +102.67% | 加碼 |
| 3 | MKL | Markel Group Inc | +0.4% | -0.84% | 減碼 |
| 4 | HGTY | Hagerty Inc-a | +0.2% | +3.23% | 加碼 |
| 5 | MAR | Marriott International -cl A | +0.2% | -0.35% | 減碼 |
| 6 | GOOG | Alphabet Inc-cl C | +0.1% | +0.41% | 加碼 |
| 7 | AXP | American Express Co | +0.1% | +0.70% | 加碼 |
| 8 | DHR | Danaher CORP | +0.1% | -0.63% | 減碼 |
| 9 | BNY | Bank Of New York Mellon CORP | +0.1% | -0.28% | 減碼 |
| 10 | JNJ | Johnson & Johnson | +0.1% | +1.15% | 加碼 |
| 11 | AAPL | Apple Inc | +0.1% | -0.22% | 減碼 |
| 12 | TSLA | Tesla Inc | +0.1% | +29.28% | 加碼 |
| 13 | AMZN | Amazon.com Inc | 0% | -0.45% | 減碼 |
| 14 | WMT | Walmart Inc | 0% | +2.71% | 加碼 |
| 15 | CGUS | Cap Group Core Equity | 0% | +21.81% | 加碼 |
| 16 | CGGR | Cap Group Growth Equity | 0% | +8.86% | 加碼 |
| 17 | CGGO | Cap Group Global Growth | 0% | +23.97% | 加碼 |
| 18 | KO | Coca-cola Co/the | 0% | +0.47% | 加碼 |
| 19 | CB | Chubb Limited | 0% | -2.24% | 減碼 |
| 20 | SCHW | Schwab (charles) CORP | 0% | -1.85% | 減碼 |
| 21 | JPM | Jpmorgan Chase & Co | — | -0.29% | 減碼 |
| 22 | DEO | Diageo Plc-sponsored Adr | 0% | -7.71% | 減碼 |
| 23 | ORCL | Oracle CORP | -0.1% | -11.81% | 減碼 |
| 24 | VLTO | Veralto CORP | -0.1% | -2.20% | 減碼 |
| 25 | HD | Home Depot Inc | -0.1% | -2.89% | 減碼 |
| 26 | FWONK | Liberty Media Corp-formula-c | -0.1% | +0.09% | 加碼 |
| 27 | BLK | Blackrock Inc | -0.1% | -4.57% | 減碼 |
| 28 | TRV | Travelers Cos Inc/the | -0.1% | -10.79% | 減碼 |
| 29 | LPX | Louisiana-pacific CORP | -0.1% | -9.84% | 減碼 |
| 30 | APH | Amphenol Corp-cl A | -0.1% | -25.66% | 減碼 |
| 31 | OTIS | Otis Worldwide CORP | -0.1% | -1.54% | 減碼 |
| 32 | OXY | Occidental Petroleum CORP | -0.1% | +0.14% | 加碼 |
| 33 | CSGP | Costar Group Inc | -0.1% | -23.05% | 減碼 |
| 34 | LIN | Linde plc | -0.2% | -1.56% | 減碼 |
| 35 | SBUX | Starbucks CORP | -0.2% | -1.41% | 減碼 |
| 36 | ROP | Roper Technologies Inc | -0.2% | -1.39% | 減碼 |
| 37 | BRK-A | Berkshire Hathaway Inc-cl A | -0.2% | — | 不變 |
| 38 | CARR | Carrier Global CORP | -0.3% | -1.39% | 減碼 |
| 39 | MA | Mastercard Inc - A | -0.4% | -1.18% | 減碼 |
| 40 | MSFT | Microsoft CORP | -0.4% | -0.59% | 減碼 |
| 41 | COST | Costco Wholesale CORP | -0.5% | -0.13% | 減碼 |
| 42 | GLW | Corning Inc | — | NEW | 新建倉 |
| 43 | BKE | Buckle Inc/the | — | NEW | 新建倉 |
| 44 | UL | Unilever Plc-sponsored Adr | — | NEW | 新建倉 |
| 45 | UL | Unilever PLC | — | EXIT | 清倉 |
| 46 | TFC | Truist Financial CORP | — | NEW | 新建倉 |
| 47 | SYY | Sysco CORP | — | EXIT | 清倉 |
| 48 | NUE | Nucor CORP | — | NEW | 新建倉 |
| 49 | EL | Estee Lauder Companies-cl A | — | NEW | 新建倉 |
| 50 | NTRS | Northern Trust CORP | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Lincoln Capital LLC 在 Q4 2025 季度的美股持倉總市值約為 US$5.6億，共申報了 131 個公開持股部位。
在 Q4 2025 季度，Lincoln Capital LLC 按市值排列的前三大核心持股分別為：GOOGL (8.8%)、BRK-B (8.5%)、BRK-A (7.3%)。其中最大持股部位 GOOGL 佔據整體投資組合約 8.8% 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
GLW
市值: US$91.2萬
本季最大獲利了結 / 清倉標的
UL
前期市值: US$32.7萬
在 Q4 2025 季度中，Lincoln Capital LLC 共進行了 49 項持倉異動，包含新建倉 7 個部位、加碼 13 個部位、減碼 27 個部位以及清倉 2 個部位。 其中最大新建倉標的為 GLW。 本季清倉部位包含 UL。
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。