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: 0000884423
申報總市值
US$40.3億
US$40.3億
391 檔
30.0%
截至 Q4 2025 季度末，Salem Investment Counselors Inc 的美股持倉估值約為 US$40.3億，全數申報部位共有 391 檔。
Salem Investment Counselors Inc 在 Q4 2025 的調整主要集中於風險出清，清倉與減碼部位合計達 32 檔，反映機構對當前市場環境或個別公司估值採取較為保留之看法。
整體而言，Salem Investment Counselors Inc 的前 5 大持股（包含 LOW, NVDA, AAPL）貢獻了組合市值的 30.0%，形成該機構在 Q4 2025 季度的基本面基石。
僅顯示前 200 大持股（共 391 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 | LOW | Lowe's Cos Inc | 股票-循環性消費 | 9.50% | -2.04% | +0.13% | |
| 2 | NVDA | Nvidia CORP | 股票-科技 | 7.48% | -0.31% | -2.62% | |
| 3 | AAPL | Apple Inc | 股票-科技 | 7.40% | -0.41% | -1.17% | |
| 4 | MSFT | Microsoft CORP | 股票-科技 | 5.32% | -0.57% | -2.22% | |
| 5 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 4.42% | +0.15% | -0.38% | |
| 6 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 3.20% | -0.89% | -10.84% | |
| 7 | AMZN | Amazon.com Inc | 股票-循環性消費 | 3.13% | -0.09% | +0.13% | |
| 8 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.91% | -0.42% | -2.17% | |
| 9 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 2.44% | -0.26% | -0.44% | |
| 10 | LLY | Eli Lilly & Co | 股票-醫療保健 | 2.41% | +0.23% | -1.13% | |
| 11 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 2.37% | +0.09% | -2.70% | |
| 12 | JPM | Jpmorgan Chase & Co | 股票-金融 | 2.19% | -0.11% | +5.43% | |
| 13 | BAC | Bank Of America CORP | 股票-金融 | 1.75% | -0.03% | -0.70% | |
| 14 | MU | Micron Technology Inc | 股票-科技 | 1.66% | +3.06% | -5.83% | |
| 15 | AMD | Advanced Micro Devices | 股票-科技 | 1.59% | +2.19% | -0.95% | |
| 16 | PEP | Pepsico Inc | 股票-非循環性消費 | 1.16% | -0.34% | +0.18% | |
| 17 | GRBK | Green Brick Partners Inc | 股票-其他 | 1.14% | +0.07% | -0.60% | |
| 18 | RTX | Rtx CORP | 股票-工業 | 1.14% | -0.22% | -1.21% | |
| 19 | WMT | Walmart Inc | 股票-非循環性消費 | 1.05% | -0.31% | -0.56% | |
| 20 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.04% | -0.16% | -0.33% | |
| 21 | ISRG | Intuitive Surgical Inc | 股票-醫療保健 | 0.99% | -0.22% | +1.08% | |
| 22 | NU | Nu Holdings Ltd. | 股票-金融 | 0.99% | -0.19% | -2.45% | |
| 23 | ALAB | Astera Labs Inc | 股票-科技 | 0.86% | +1.55% | -0.76% | |
| 24 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.85% | -0.01% | -0.86% | |
| 25 | V | Visa Inc-class A Shares | 股票-金融 | 0.80% | -0.02% | +2.14% | |
| 26 | CAT | Caterpillar Inc | 股票-工業 | 0.79% | +0.27% | -4.14% | |
| 27 | LEN | Lennar Corp-a | 股票-循環性消費 | 0.76% | -0.09% | -1.54% | |
| 28 | SCHX | Schwab US Large-cap ETF | ETF-其他 | 0.71% | -0.01% | -0.44% | |
| 29 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 0.70% | +0.12% | -7.21% | |
| 30 | MGK | Vanguard Mega Cap Growth ETF | ETF-其他 | 0.64% | +0.01% | -0.41% | |
| 31 | SW | Smurfit Westrock Plc | 股票-循環性消費 | 0.61% | -0.03% | -1.25% | |
| 32 | ACN | Accenture plc | 股票-科技 | 0.59% | -0.21% | -0.26% | |
| 33 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.59% | -0.15% | +2.96% | |
| 34 | CSCO | Cisco Systems Inc | 股票-科技 | 0.59% | +0.17% | -0.77% | |
| 35 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 0.58% | -0.03% | +1.20% | |
| 36 | VO | Vanguard Mid-cap ETF | ETF-其他 | 0.57% | -0.03% | +0.20% | |
| 37 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.56% | -0.07% | -0.61% | |
| 38 | QCOM | Qualcomm Inc | 股票-科技 | 0.55% | +0.10% | -0.51% | |
| 39 | VB | Vanguard Small-cap ETF | ETF-其他 | 0.54% | -0.02% | +0.22% | |
| 40 | SCHM | Schwab US Mid Cap ETF | ETF-其他 | 0.54% | — | +0.07% | |
| 41 | BSX | Boston Scientific CORP | 股票-醫療保健 | 0.53% | -0.17% | +0.12% | |
| 42 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.46% | -0.12% | +0.39% | |
| 43 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.42% | -0.06% | -0.71% | |
| 44 | GEHC | GE Healthcare Technology | 股票-醫療保健 | 0.41% | -0.10% | +9.20% | |
| 45 | TFC | Truist Financial CORP | 股票-金融 | 0.38% | -0.18% | +0.70% | |
| 46 | BCPC | Balchem CORP | 股票-原物料 | 0.33% | -0.06% | — | |
| 47 | AVGO | Broadcom Inc | 股票-科技 | 0.32% | +0.01% | +1.39% | |
| 48 | UI | Ubiquiti Inc | 股票-科技 | 0.31% | -0.19% | -0.12% | |
| 49 | MMM | 3m Co | 股票-工業 | 0.31% | -0.01% | — | |
| 50 | XOM | Exxon Mobil CORP | 股票-能源 | 0.31% | -0.14% | +3.90% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | GOOG | Alphabet Inc-cl C | +0.9% | -0.38% | 減碼 |
| 2 | LLY | Eli Lilly & Co | +0.7% | -1.13% | 減碼 |
| 3 | MU | Micron Technology Inc | +0.6% | -5.83% | 減碼 |
| 4 | GOOGL | Alphabet Inc-cl A | +0.5% | -2.70% | 減碼 |
| 5 | AMD | Advanced Micro Devices | +0.4% | -0.95% | 減碼 |
| 6 | AAPL | Apple Inc | +0.3% | -1.17% | 減碼 |
| 7 | ISRG | Intuitive Surgical Inc | +0.2% | +1.08% | 加碼 |
| 8 | JPM | Jpmorgan Chase & Co | +0.1% | +5.43% | 加碼 |
| 9 | AMZN | Amazon.com Inc | +0.1% | +0.13% | 加碼 |
| 10 | MRK | Merck & Co. Inc. | +0.1% | -0.61% | 減碼 |
| 11 | HUBB | Hubbell Inc | +0.1% | +82.52% | 加碼 |
| 12 | JNJ | Johnson & Johnson | +0.1% | -0.33% | 減碼 |
| 13 | CAT | Caterpillar Inc | +0.1% | -4.14% | 減碼 |
| 14 | BAC | Bank Of America CORP | +0.1% | -0.70% | 減碼 |
| 15 | RTX | Rtx CORP | +0.1% | -1.21% | 減碼 |
| 16 | HBAN | Huntington Bancshares Inc | +0.1% | +278.96% | 加碼 |
| 17 | MRVL | Marvell Technology Inc | +0.1% | +33.24% | 加碼 |
| 18 | WMT | Walmart Inc | +0.1% | -0.56% | 減碼 |
| 19 | GEHC | GE Healthcare Technology | +0.1% | +9.20% | 加碼 |
| 20 | CSCO | Cisco Systems Inc | +0.1% | -0.77% | 減碼 |
| 21 | VBIL | Vanguard 0-3m T-bill ETF | +0.1% | +81.50% | 加碼 |
| 22 | AMGN | Amgen Inc | +0.1% | +3.51% | 加碼 |
| 23 | RIO | Rio Tinto Plc-spon Adr | 0% | +4.81% | 加碼 |
| 24 | ACN | Accenture plc | 0% | -0.26% | 減碼 |
| 25 | CRI | Carter's Inc | 0% | +37.08% | 加碼 |
| 26 | ETN | Eaton Corporation plc | -0.1% | +1.91% | 加碼 |
| 27 | IRM | Iron Mountain Inc | -0.1% | +0.31% | 加碼 |
| 28 | SW | Smurfit Westrock Plc | -0.1% | -1.25% | 減碼 |
| 29 | UI | Ubiquiti Inc | -0.1% | -0.12% | 減碼 |
| 30 | ORCL | Oracle CORP | -0.1% | -0.46% | 減碼 |
| 31 | TROW | T Rowe Price Group Inc | -0.1% | -47.03% | 減碼 |
| 32 | KMB | Kimberly-clark CORP | -0.1% | -47.70% | 減碼 |
| 33 | ALAB | Astera Labs Inc | -0.2% | -0.76% | 減碼 |
| 34 | HIMS | Hims & Hers Health Inc | -0.2% | +1.85% | 加碼 |
| 35 | LEN | Lennar Corp-a | -0.2% | -1.54% | 減碼 |
| 36 | GRBK | Green Brick Partners Inc | -0.2% | -0.60% | 減碼 |
| 37 | NVDA | Nvidia CORP | -0.3% | -2.62% | 減碼 |
| 38 | META | Meta Platforms Inc-class A | -0.4% | -2.17% | 減碼 |
| 39 | LOW | Lowe's Cos Inc | -0.5% | +0.13% | 加碼 |
| 40 | PLTR | Palantir Technologies Inc-a | -0.5% | -10.84% | 減碼 |
| 41 | MSFT | Microsoft CORP | -0.6% | -2.22% | 減碼 |
| 42 | MMM | 3m Co | — | NEW | 新建倉 |
| 43 | ROP | Roper Technologies Inc | — | EXIT | 清倉 |
| 44 | SOLS | Solstice Adv Materials Inc | — | NEW | 新建倉 |
| 45 | EVH | Evolent Health Inc - A | — | EXIT | 清倉 |
| 46 | 430 | Terns Pharmaceuticals Inc | — | EXIT | 清倉 |
| 47 | AKRE | Akre Focus ETF | — | NEW | 新建倉 |
| 48 | SU6 | Surmodics Inc | — | EXIT | 清倉 |
| 49 | MSTR | Strategy Inc | — | EXIT | 清倉 |
| 50 | IDR | Idaho Strategic Resources In | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Salem Investment Counselors Inc 在 Q4 2025 季度的美股持倉總市值約為 US$40.3億，共申報了 391 個公開持股部位。
在 Q4 2025 季度，Salem Investment Counselors Inc 按市值排列的前三大核心持股分別為：LOW (9.5%)、NVDA (7.5%)、AAPL (7.4%)。其中最大持股部位 LOW 佔據整體投資組合約 9.5% 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
MMM
市值: US$1096.0萬
本季最大獲利了結 / 清倉標的
ROP
前期市值: US$816.6萬
在 Q4 2025 季度中，Salem Investment Counselors Inc 共進行了 50 項持倉異動，包含新建倉 3 個部位、加碼 15 個部位、減碼 26 個部位以及清倉 6 個部位。 其中最大新建倉標的為 MMM。 本季清倉部位包含 ROP。
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。