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: 0001327944
申報總市值
US$3.2億
US$3.2億
144 檔
18.4%
在 Q4 2025 的 13F 官方備案中，Town & Country Bank & Trust CO dba First Bankers Trust CO 管理的美股投資組合規模來到 US$3.2億，整體持股檔數為 144 檔。
觀察 Q4 2025 的資金脈絡，Town & Country Bank & Trust CO dba First Bankers Trust CO 在獲利結算 3 檔個股的同時，將資本重新部署至 6 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 AVGO, MSFT, LLY）累計市值佔比達 18.4%，是驅動 Town & Country Bank & Trust CO dba First Bankers Trust CO 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 | AVGO | Broadcom Inc | 股票-科技 | 6.20% | +0.39% | -2.94% | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 4.71% | -0.32% | +2.38% | |
| 3 | LLY | Eli Lilly & Co | 股票-醫療保健 | 3.35% | +0.59% | +4.55% | |
| 4 | AAPL | Apple Inc | 股票-科技 | 2.87% | +0.11% | -2.40% | |
| 5 | JPM | Jpmorgan Chase & Co | 股票-金融 | 2.77% | -0.06% | +25.49% | |
| 6 | JNJ | Johnson & Johnson | 股票-醫療保健 | 2.69% | -0.17% | +1.88% | |
| 7 | ABBV | Abbvie Inc | 股票-醫療保健 | 2.41% | +0.60% | +0.36% | |
| 8 | PM | Philip Morris International | 股票-非循環性消費 | 2.23% | +0.01% | +2.34% | |
| 9 | CEG | Constellation Energy | 股票-公用事業 | 2.02% | -0.32% | -2.54% | |
| 10 | XOM | Exxon Mobil CORP | 股票-能源 | 1.98% | -0.84% | -0.03% | |
| 11 | ABT | Abbott Laboratories | 股票-醫療保健 | 1.98% | -1.41% | +1.64% | |
| 12 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.94% | +0.26% | -5.69% | |
| 13 | CVX | Chevron CORP | 股票-能源 | 1.88% | -0.62% | +17.31% | |
| 14 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.77% | +0.23% | +15.56% | |
| 15 | SYK | Stryker CORP | 股票-醫療保健 | 1.68% | +0.52% | +40.88% | |
| 16 | CSCO | Cisco Systems Inc | 股票-科技 | 1.62% | +0.46% | +7.01% | |
| 17 | GLW | Corning Inc | 股票-科技 | 1.51% | +0.35% | -6.16% | |
| 18 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 1.45% | -0.08% | +32.92% | |
| 19 | LHX | L3harris Technologies Inc | 股票-工業 | 1.37% | -0.30% | -1.92% | |
| 20 | TJX | Tjx Companies Inc | 股票-循環性消費 | 1.34% | -0.15% | -1.75% | |
| 21 | MRSH | Marsh & Mclennan Cos | 股票-金融 | 1.26% | -0.24% | -1.98% | |
| 22 | ADP | Automatic Data Processing | 股票-科技 | 1.13% | +0.23% | +38.80% | |
| 23 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 1.13% | -0.05% | -35.27% | |
| 24 | CHDN | Churchill Downs Inc | 股票-循環性消費 | 1.13% | -0.07% | +7.06% | |
| 25 | HD | Home Depot Inc | 股票-循環性消費 | 1.10% | -0.05% | -0.75% | |
| 26 | DKS | Dick's Sporting Goods Inc | 股票-循環性消費 | 1.10% | -0.64% | +0.33% | |
| 27 | AEP | American Electric Power | 股票-公用事業 | 1.05% | -0.05% | +2.59% | |
| 28 | TXRH | Texas Roadhouse Inc | 股票-循環性消費 | 1.04% | -0.05% | -6.12% | |
| 29 | LECO | Lincoln Electric Holdings | 股票-工業 | 0.99% | +0.04% | -4.87% | |
| 30 | APH | Amphenol Corp-cl A | 股票-科技 | 0.96% | +0.02% | +1.40% | |
| 31 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 0.96% | -0.04% | +0.86% | |
| 32 | MOG-A | Moog Inc-class A | 股票-其他 | 0.95% | +0.10% | -2.57% | |
| 33 | MDLZ | Mondelez International Inc-a | 股票-非循環性消費 | 0.95% | -0.10% | -10.46% | |
| 34 | GE | General Electric | 股票-工業 | 0.92% | -0.15% | +4.68% | |
| 35 | CB | Chubb Limited | 股票-金融 | 0.91% | -0.07% | -4.16% | |
| 36 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.90% | +0.11% | -0.12% | |
| 37 | ROP | Roper Technologies Inc | 股票-科技 | 0.89% | -0.61% | +40.20% | |
| 38 | ETN | Eaton Corporation plc | 股票-工業 | 0.88% | +0.10% | +25.97% | |
| 39 | CPK | Chesapeake Utilities CORP | 股票-其他 | 0.87% | -0.13% | +9.57% | |
| 40 | V | Visa Inc-class A Shares | 股票-金融 | 0.85% | +0.08% | +2.81% | |
| 41 | UNP | Union Pacific CORP | 股票-工業 | 0.85% | +0.02% | +8.64% | |
| 42 | MCK | Mckesson CORP | 股票-醫療保健 | 0.84% | -0.14% | -0.62% | |
| 43 | MPC | Marathon Petroleum CORP | 股票-能源 | 0.82% | -0.10% | — | |
| 44 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.77% | -0.02% | — | |
| 45 | ADI | Analog Devices Inc | 股票-科技 | 0.76% | +0.05% | +0.46% | |
| 46 | PEP | Pepsico Inc | 股票-非循環性消費 | 0.74% | +0.01% | +13.10% | |
| 47 | AMZN | Amazon.com Inc | 股票-循環性消費 | 0.73% | +0.04% | -1.67% | |
| 48 | ATO | Atmos Energy CORP | 股票-公用事業 | 0.72% | -0.08% | -1.06% | |
| 49 | ORCL | Oracle CORP | 股票-科技 | 0.72% | -0.10% | -30.70% | |
| 50 | LIN | Linde plc | 股票-原物料 | 0.66% | -0.01% | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | LLY | Eli Lilly & Co | +1% | +4.55% | 加碼 |
| 2 | JPM | Jpmorgan Chase & Co | +0.5% | +25.49% | 加碼 |
| 3 | SO | Southern Co/the | +0.4% | +243.33% | 加碼 |
| 4 | SYK | Stryker CORP | +0.4% | +40.88% | 加碼 |
| 5 | GOOGL | Alphabet Inc-cl A | +0.3% | -5.69% | 減碼 |
| 6 | JNJ | Johnson & Johnson | +0.2% | +1.88% | 加碼 |
| 7 | PG | Procter & Gamble Co/the | +0.2% | +32.92% | 加碼 |
| 8 | CSCO | Cisco Systems Inc | +0.2% | +7.01% | 加碼 |
| 9 | CHDN | Churchill Downs Inc | +0.2% | +7.06% | 加碼 |
| 10 | CVX | Chevron CORP | +0.2% | +17.31% | 加碼 |
| 11 | ADP | Automatic Data Processing | +0.2% | +38.80% | 加碼 |
| 12 | GOOG | Alphabet Inc-cl C | +0.2% | -0.12% | 減碼 |
| 13 | ROP | Roper Technologies Inc | +0.2% | +40.20% | 加碼 |
| 14 | TMO | Thermo Fisher Scientific Inc | +0.1% | +0.86% | 加碼 |
| 15 | IBM | Intl Business Machines CORP | +0.1% | +41.81% | 加碼 |
| 16 | MOG-A | Moog Inc-class A | +0.1% | -2.57% | 減碼 |
| 17 | PEP | Pepsico Inc | +0.1% | +13.10% | 加碼 |
| 18 | ✓ | First Farmers Bank Holding Co Cdt | +0.1% | +25.27% | 加碼 |
| 19 | XOM | Exxon Mobil CORP | +0.1% | -0.03% | 減碼 |
| 20 | APH | Amphenol Corp-cl A | +0.1% | +1.40% | 加碼 |
| 21 | CEG | Constellation Energy | 0% | -2.54% | 減碼 |
| 22 | AAPL | Apple Inc | 0% | -2.40% | 減碼 |
| 23 | AVGO | Broadcom Inc | -0.1% | -2.94% | 減碼 |
| 24 | T | At&t Inc | -0.1% | -17.51% | 減碼 |
| 25 | UNH | Unitedhealth Group Inc | -0.1% | -11.81% | 減碼 |
| 26 | APD | Air Products & Chemicals Inc | -0.1% | -18.15% | 減碼 |
| 27 | LHX | L3harris Technologies Inc | -0.1% | -1.92% | 減碼 |
| 28 | EUAD | Select Stoxx Eur Aer De ETF | -0.2% | -21.49% | 減碼 |
| 29 | CDW | Cdw Corp/de | -0.2% | -4.12% | 減碼 |
| 30 | DKS | Dick's Sporting Goods Inc | -0.2% | +0.33% | 加碼 |
| 31 | ABT | Abbott Laboratories | -0.2% | +1.64% | 加碼 |
| 32 | VZ | Verizon Communications Inc | -0.2% | -36.22% | 減碼 |
| 33 | MPC | Marathon Petroleum CORP | -0.2% | — | 不變 |
| 34 | MRSH | Marsh & Mclennan Cos | -0.2% | -1.98% | 減碼 |
| 35 | HD | Home Depot Inc | -0.3% | -0.75% | 減碼 |
| 36 | MRK | Merck & Co. Inc. | -0.3% | -35.27% | 減碼 |
| 37 | MDLZ | Mondelez International Inc-a | -0.3% | -10.46% | 減碼 |
| 38 | MSFT | Microsoft CORP | -0.4% | +2.38% | 加碼 |
| 39 | ACN | Accenture plc | -0.4% | -59.18% | 減碼 |
| 40 | ZTS | Zoetis Inc | -0.6% | -60.07% | 減碼 |
| 41 | ORCL | Oracle CORP | -0.8% | -30.70% | 減碼 |
| 42 | LIN | Linde plc | — | NEW | 新建倉 |
| 43 | TER | Teradyne Inc | — | NEW | 新建倉 |
| 44 | KDP | Keurig Dr Pepper Inc | — | EXIT | 清倉 |
| 45 | ODFL | Old Dominion Freight Line | — | NEW | 新建倉 |
| 46 | ISTB | Ishares Core 1-5 Year Usd Bo | — | EXIT | 清倉 |
| 47 | BTI | British American Tob-sp Adr | — | NEW | 新建倉 |
| 48 | UL | Unilever PLC | — | EXIT | 清倉 |
| 49 | UL | Unilever Plc-sponsored Adr | — | NEW | 新建倉 |
| 50 | RKLB | Rocket Lab CORP | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Town & Country Bank & Trust CO dba First Bankers Trust CO 在 Q4 2025 季度的美股持倉總市值約為 US$3.2億，共申報了 144 個公開持股部位。
在 Q4 2025 季度，Town & Country Bank & Trust CO dba First Bankers Trust CO 按市值排列的前三大核心持股分別為：AVGO (6.2%)、MSFT (4.7%)、LLY (3.4%)。其中最大持股部位 AVGO 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
LIN
市值: US$196.5萬
本季最大獲利了結 / 清倉標的
KDP
前期市值: US$156.4萬
在 Q4 2025 季度中，Town & Country Bank & Trust CO dba First Bankers Trust CO 共進行了 49 項持倉異動，包含新建倉 6 個部位、加碼 19 個部位、減碼 21 個部位以及清倉 3 個部位。 其中最大新建倉標的為 LIN。 本季清倉部位包含 KDP。
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。