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: 0001694284
申報總市值
US$14.9億
US$14.9億
83 檔
44.4%
在 Q4 2025 的 13F 官方備案中，Tandem Investment Advisors, Inc. 管理的美股投資組合規模來到 US$14.9億，整體持股檔數為 83 檔。
數據顯示 Tandem Investment Advisors, Inc. 於 Q4 2025 季度持續回收資金，對 52 個既有部位進行裁減並清倉 7 個標的，組合整體流動性比重有所上升。
從部位權重觀察，前 5 大標的（包含 V, ICE, ）累計市值佔比達 44.4%，是驅動 Tandem Investment Advisors, Inc. 該季度整體投資組合績效表現的核心支柱。
本季最大新建倉標的
BR
市值: US$3382.8萬
本季最大獲利了結 / 清倉標的
CMCSA
前期市值: US$7470.0萬
| # | 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 | V | Visa Inc-class A Shares | 股票-金融 | 5.45% | +0.39% | -4.31% | |
| 2 | ICE | Intercontinental Exchange In | 股票-金融 | 4.92% | -1.10% | -3.82% | |
| 3 | ✓ | 股票-其他 | 4.92% | — | -3.89% | ||
| 4 | APH | Amphenol Corp-cl A | 股票-科技 | 4.77% | +1.97% | -24.21% | |
| 5 | ABT | Abbott Laboratories | 股票-醫療保健 | 4.63% | -0.27% | +0.02% | |
| 6 | RMD | Resmed Inc | 股票-醫療保健 | 4.49% | -0.50% | -1.00% | |
| 7 | JKHY | Jack Henry & Associates Inc | 股票-科技 | 4.42% | -0.50% | -3.75% | |
| 8 | MA | Mastercard Inc - A | 股票-金融 | 4.20% | +0.18% | -3.71% | |
| 9 | ✓ | 股票-其他 | 4.19% | — | -4.12% | ||
| 10 | MSFT | Microsoft CORP | 股票-科技 | 4.08% | +0.14% | -5.23% | |
| 11 | NEE | Nextera Energy Inc | 股票-公用事業 | 3.88% | +0.16% | -6.56% | |
| 12 | ACN | Accenture plc | 股票-科技 | 3.84% | -0.01% | -6.89% | |
| 13 | BRO | Brown & Brown Inc | 股票-金融 | 3.83% | +0.03% | -6.74% | |
| 14 | ROP | Roper Technologies Inc | 股票-科技 | 3.67% | -0.05% | +0.43% | |
| 15 | SYK | Stryker CORP | 股票-醫療保健 | 3.55% | +0.03% | -3.24% | |
| 16 | INTU | Intuit Inc | 股票-科技 | 3.43% | -1.12% | +62.05% | |
| 17 | ✓ | 股票-其他 | 3.32% | — | -10.44% | ||
| 18 | ADP | Automatic Data Processing | 股票-科技 | 3.16% | -1.60% | +6.62% | |
| 19 | ✓ | 股票-其他 | 3.00% | — | -3.31% | ||
| 20 | BLKCHF | Blackrock Inc | 股票-其他 | 2.76% | +0.12% | -3.01% | |
| 21 | CHD | Church & Dwight Co Inc | 股票-非循環性消費 | 2.49% | +0.20% | +11.59% | |
| 22 | WCN | Waste Connections Inc | 股票-工業 | 2.37% | +0.15% | -4.36% | |
| 23 | JNJ | Johnson & Johnson | 股票-醫療保健 | 2.07% | +0.20% | -4.71% | |
| 24 | RSG | Republic Services Inc | 股票-工業 | 1.89% | +0.55% | -1.03% | |
| 25 | EXPD | Expeditors Intl Wash Inc | 股票-工業 | 1.82% | +0.30% | -6.02% | |
| 26 | BDX | Becton Dickinson And Co | 股票-醫療保健 | 1.78% | -0.92% | -8.51% | |
| 27 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 1.63% | -0.01% | -3.53% | |
| 28 | ✓ | 股票-其他 | 1.40% | — | -5.52% | ||
| 29 | BR | Broadridge Financial Solutio | 股票-科技 | 1.26% | -0.20% | — | |
| 30 | MEDP | Medpace Holdings Inc | 股票-醫療保健 | 0.30% | +0.05% | -3.64% | |
| 31 | IDXX | Idexx Laboratories Inc | 股票-醫療保健 | 0.29% | +0.01% | -3.02% | |
| 32 | ✓ | 股票-其他 | 0.23% | — | +16.77% | ||
| 33 | QLYS | Qualys Inc | 股票-科技 | 0.22% | +0.11% | +6.49% | |
| 34 | TYL | Tyler Technologies Inc | 股票-科技 | 0.18% | -0.02% | +17.19% | |
| 35 | ADBE | Adobe Inc | 股票-科技 | 0.18% | -0.08% | -3.37% | |
| 36 | ORLY | O'reilly Automotive Inc | 股票-循環性消費 | 0.18% | +0.03% | -16.62% | |
| 37 | ✓ | 股票-其他 | 0.13% | — | +35.94% | ||
| 38 | EXLS | Exlservice Holdings Inc | 股票-科技 | 0.12% | — | +2.33% | |
| 39 | AKAM | Akamai Technologies Inc | 股票-科技 | 0.10% | +0.01% | +1.65% | |
| 40 | SNPS | Synopsys Inc | 股票-科技 | 0.10% | +0.03% | -5.55% | |
| 41 | CBOE | Cboe Global Markets Inc | 股票-金融 | 0.08% | -0.02% | -38.79% | |
| 42 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.07% | +0.03% | -12.05% | |
| 43 | WMT | Walmart Inc | 股票-非循環性消費 | 0.04% | — | -27.96% | |
| 44 | AAPL | Apple Inc | 股票-科技 | 0.04% | — | -39.75% | |
| 45 | TJX | Tjx Companies Inc | 股票-循環性消費 | 0.03% | +0.02% | -3.46% | |
| 46 | PM | Philip Morris International | 股票-非循環性消費 | 0.02% | -0.01% | +32.23% | |
| 47 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 0.02% | -0.01% | EXIT | |
| 48 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.02% | — | -17.47% | |
| 49 | ✓ | 股票-其他 | 0.02% | — | -15.40% | ||
| 50 | ✓ | 股票-其他 | 0.02% | — | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | INTU | Intuit Inc | +1.4% | +62.05% | 加碼 |
| 2 | JKHY | Jack Henry & Associates Inc | +1% | -3.75% | 減碼 |
| 3 | ✓ | +0.7% | -3.89% | 減碼 | |
| 4 | V | Visa Inc-class A Shares | +0.4% | -4.31% | 減碼 |
| 5 | EXPD | Expeditors Intl Wash Inc | +0.4% | -6.02% | 減碼 |
| 6 | ACN | Accenture plc | +0.4% | -6.89% | 減碼 |
| 7 | CHD | Church & Dwight Co Inc | +0.4% | +11.59% | 加碼 |
| 8 | NEE | Nextera Energy Inc | +0.3% | -6.56% | 減碼 |
| 9 | JNJ | Johnson & Johnson | +0.3% | -4.71% | 減碼 |
| 10 | ✓ | +0.3% | -4.12% | 減碼 | |
| 11 | ✓ | +0.3% | -3.31% | 減碼 | |
| 12 | MA | Mastercard Inc - A | +0.2% | -3.71% | 減碼 |
| 13 | ABT | Abbott Laboratories | +0.1% | +0.02% | 加碼 |
| 14 | WCN | Waste Connections Inc | +0.1% | -4.36% | 減碼 |
| 15 | ✓ | +0.1% | +16.77% | 加碼 | |
| 16 | ADP | Automatic Data Processing | +0.1% | +6.62% | 加碼 |
| 17 | BDX | Becton Dickinson And Co | +0.1% | -8.51% | 減碼 |
| 18 | ICE | Intercontinental Exchange In | +0.1% | -3.82% | 減碼 |
| 19 | MEDP | Medpace Holdings Inc | 0% | -3.64% | 減碼 |
| 20 | ✓ | 0% | +35.94% | 加碼 | |
| 21 | QLYS | Qualys Inc | 0% | +6.49% | 加碼 |
| 22 | IDXX | Idexx Laboratories Inc | 0% | -3.02% | 減碼 |
| 23 | AKAM | Akamai Technologies Inc | 0% | +1.65% | 加碼 |
| 24 | TYL | Tyler Technologies Inc | 0% | +17.19% | 加碼 |
| 25 | SYK | Stryker CORP | 0% | -3.24% | 減碼 |
| 26 | ADBE | Adobe Inc | 0% | -3.37% | 減碼 |
| 27 | BMI | Badger Meter Inc | 0% | +60.36% | 加碼 |
| 28 | UNH | Unitedhealth Group Inc | 0% | +52.04% | 加碼 |
| 29 | EXLS | Exlservice Holdings Inc | 0% | +2.33% | 加碼 |
| 30 | SNPS | Synopsys Inc | — | -5.55% | 減碼 |
| 31 | ABBV | Abbvie Inc | — | -12.05% | 減碼 |
| 32 | WMT | Walmart Inc | — | -27.96% | 減碼 |
| 33 | CVX | Chevron CORP | — | +78.41% | 加碼 |
| 34 | PM | Philip Morris International | — | +32.23% | 加碼 |
| 35 | LOW | Lowe's Cos Inc | — | +58.69% | 加碼 |
| 36 | FAST | Fastenal Co | — | -1.04% | 減碼 |
| 37 | KO | Coca-cola Co/the | — | -17.47% | 減碼 |
| 38 | ✓ | — | -8.81% | 減碼 | |
| 39 | NVDA | Nvidia CORP | — | -23.72% | 減碼 |
| 40 | MO | Altria Group Inc | — | -2.99% | 減碼 |
| 41 | ✓ | — | — | 不變 | |
| 42 | AEP | American Electric Power Company, Inc. | — | -14.76% | 減碼 |
| 43 | RY | Royal Bank Of Canada | — | -21.00% | 減碼 |
| 44 | ✓ | — | -15.40% | 減碼 | |
| 45 | JPM | Jpmorgan Chase & Co | — | -13.61% | 減碼 |
| 46 | IT | Gartner Inc | — | -8.76% | 減碼 |
| 47 | ✓ | — | -16.72% | 減碼 | |
| 48 | ✓ | — | -5.59% | 減碼 | |
| 49 | TJX | Tjx Companies Inc | — | -3.46% | 減碼 |
| 50 | KNSL | Kinsale Capital Group Inc | — | +14.73% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Tandem Investment Advisors, Inc. 在 Q4 2025 季度的美股持倉總市值約為 US$14.9億，共申報了 83 個公開持股部位。
在 Q4 2025 季度，Tandem Investment Advisors, Inc. 按市值排列的前三大核心持股分別為：V (5.5%)、ICE (4.9%)、 (4.9%)。其中最大持股部位 V 佔據整體投資組合約 5.5% 的權重。
在 Q4 2025 季度中，Tandem Investment Advisors, Inc. 共進行了 88 項持倉異動，包含新建倉 10 個部位、加碼 19 個部位、減碼 52 個部位以及清倉 7 個部位。 其中最大新建倉標的為 BR。 本季清倉部位包含 CMCSA。
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。