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。
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CIK: 0001326766
申報總市值
US$9.2億
US$9.2億
98 檔
31.6%
在 Q2 2025 的 13F 官方備案中，Violich Capital Management, Inc. 管理的美股投資組合規模來到 US$9.2億，整體持股檔數為 98 檔。
從 Q2 2025 申報觀察，Violich Capital Management, Inc. 採取防禦導向的調倉策略，本季減碼 36 檔個股並出清 7 檔部位，顯示機構在該時期進行風險控制與流動性回收。
在資產配置集中度方面，Violich Capital Management, Inc. 的前 5 大核心持股（包含 MSFT, GOOG, GOOGL 等）合計佔整體申報市值的 31.6%，反映機構在主要關鍵部位上的權重分佈。
| # | 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 | MSFT | Microsoft CORP | 股票-科技 | 11.64% | -0.59% | -10.19% | |
| 2 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 8.23% | +1.41% | -8.86% | |
| 3 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 7.75% | +1.53% | -6.69% | |
| 4 | V | Visa Inc-class A Shares | 股票-金融 | 6.71% | +0.02% | -9.22% | |
| 5 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 6.54% | -0.88% | -10.71% | |
| 6 | ORCL | Oracle CORP | 股票-科技 | 6.44% | -0.52% | -4.36% | |
| 7 | AAPL | Apple Inc | 股票-科技 | 6.42% | +0.34% | -8.94% | |
| 8 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 3.72% | -0.19% | -7.16% | |
| 9 | ABBV | Abbvie Inc | 股票-醫療保健 | 2.72% | +0.18% | -10.92% | |
| 10 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.98% | +0.34% | -9.69% | |
| 11 | GLD | Spdr Gold Shares | ETF-避險與商品 | 1.95% | -0.78% | -4.98% | |
| 12 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.90% | -0.19% | -12.31% | |
| 13 | HON | Honeywell International Inc | 股票-工業 | 1.87% | -1.62% | EXIT | |
| 14 | AMLP | Alerian Mlp ETF | ETF-其他 | 1.74% | -0.20% | -11.60% | |
| 15 | PM | Philip Morris International | 股票-非循環性消費 | 1.59% | +0.03% | -14.84% | |
| 16 | PEP | Pepsico Inc | 股票-非循環性消費 | 1.44% | -0.27% | -11.57% | |
| 17 | CVX | Chevron CORP | 股票-能源 | 1.40% | -0.50% | -8.64% | |
| 18 | LRCX | Lam Research CORP | 股票-科技 | 1.37% | +1.85% | — | |
| 19 | ACN | Accenture plc | 股票-科技 | 1.33% | -0.54% | -13.36% | |
| 20 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 1.30% | +0.43% | -16.83% | |
| 21 | BHP | Bhp Group Ltd-spon Adr | 股票-原物料 | 1.24% | +0.03% | -12.70% | |
| 22 | UNP | Union Pacific CORP | 股票-工業 | 1.11% | +0.01% | -14.36% | |
| 23 | AON | Aon plc | 股票-金融 | 1.07% | -0.04% | — | |
| 24 | ADP | Automatic Data Processing | 股票-科技 | 1.00% | -0.07% | -11.36% | |
| 25 | VZ | Verizon Communications Inc | 股票-通訊服務 | 0.94% | -0.15% | -13.70% | |
| 26 | DHR | Danaher CORP | 股票-醫療保健 | 0.91% | -0.23% | -11.17% | |
| 27 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.85% | -0.01% | -9.38% | |
| 28 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.78% | +0.22% | -5.36% | |
| 29 | MA | Mastercard Inc - A | 股票-金融 | 0.72% | -0.49% | -1.87% | |
| 30 | AVGO | Broadcom Inc | 股票-科技 | 0.70% | +0.06% | — | |
| 31 | COP | Conocophillips | 股票-能源 | 0.69% | -0.13% | -17.12% | |
| 32 | AEM | Agnico Eagle Mines LTD | 股票-原物料 | 0.61% | -0.44% | -0.03% | |
| 33 | XOM | Exxon Mobil CORP | 股票-能源 | 0.57% | -1.06% | EXIT | |
| 34 | NKE | Nike Inc -cl B | 股票-循環性消費 | 0.57% | -0.29% | -19.56% | |
| 35 | CVS | Cvs Health CORP | 股票-醫療保健 | 0.53% | +0.10% | -11.13% | |
| 36 | NEE | Nextera Energy Inc | 股票-公用事業 | 0.52% | -0.07% | — | |
| 37 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.47% | -0.03% | +1.11% | |
| 38 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.46% | -0.02% | +2.76% | |
| 39 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.46% | +0.06% | -8.82% | |
| 40 | AMGN | Amgen Inc | 股票-醫療保健 | 0.46% | -0.03% | — | |
| 41 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.44% | -0.02% | +134.84% | |
| 42 | BDX | Becton Dickinson And Co | 股票-醫療保健 | 0.42% | -0.06% | -19.99% | |
| 43 | DE | Deere & Co | 股票-工業 | 0.36% | +0.01% | — | |
| 44 | VTWO | Vanguard Russell 2000 ETF | ETF-中小型股 | 0.34% | -0.20% | EXIT | |
| 45 | KMB | Kimberly-clark CORP | 股票-非循環性消費 | 0.33% | -0.01% | -9.30% | |
| 46 | VOO | Vanguard S&p 500 ETF | ETF-大型股與成長 | 0.31% | +0.06% | -30.27% | |
| 47 | CPAY | Corpay Inc | 股票-科技 | 0.30% | +0.02% | -10.96% | |
| 48 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 0.28% | +0.01% | +0.03% | |
| 49 | DIS | Walt Disney Co/the | 股票-通訊服務 | 0.27% | -0.17% | EXIT | |
| 50 | CMCSA | Comcast Corp-class A | 股票-通訊服務 | 0.24% | — | -16.77% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | ORCL | Oracle CORP | +2.3% | -4.36% | 減碼 |
| 2 | MSFT | Microsoft CORP | +2.3% | -10.19% | 減碼 |
| 3 | GOOGL | Alphabet Inc-cl A | +0.8% | -6.69% | 減碼 |
| 4 | GOOG | Alphabet Inc-cl C | +0.6% | -8.86% | 減碼 |
| 5 | LRCX | Lam Research CORP | +0.4% | — | 不變 |
| 6 | AVGO | Broadcom Inc | +0.3% | — | 減碼 |
| 7 | PG | Procter & Gamble Co/the | +0.3% | +134.84% | 加碼 |
| 8 | AMZN | Amazon.com Inc | +0.2% | -9.69% | 減碼 |
| 9 | DUK | Duke Energy CORP | +0.2% | NEW | 新建倉 |
| 10 | META | Meta Platforms Inc-class A | +0.1% | +1.11% | 加碼 |
| 11 | JPM | Jpmorgan Chase & Co | +0.1% | -5.36% | 減碼 |
| 12 | CAT | Caterpillar Inc | +0.1% | NEW | 新建倉 |
| 13 | LIN | Linde plc | +0.1% | NEW | 新建倉 |
| 14 | GS | Goldman Sachs Group Inc | +0.1% | -8.82% | 減碼 |
| 15 | BLK | Blackrock Inc | +0.1% | NEW | 新建倉 |
| 16 | HON | Honeywell International Inc | 0% | -12.66% | 減碼 |
| 17 | NKE | Nike Inc -cl B | 0% | -19.56% | 減碼 |
| 18 | VTWO | Vanguard Russell 2000 ETF | 0% | -21.88% | 減碼 |
| 19 | KMB | Kimberly-clark CORP | -0.1% | -9.30% | 減碼 |
| 20 | FDX | Fedex CORP | -0.1% | -20.03% | 減碼 |
| 21 | CMCSA | Comcast Corp-class A | -0.1% | -16.77% | 減碼 |
| 22 | VEXAX | Vanguard Ext Mkt Indx-adm | -0.1% | EXIT | 清倉 |
| 23 | ADP | Automatic Data Processing | -0.1% | -11.36% | 減碼 |
| 24 | VOO | Vanguard S&p 500 ETF | -0.1% | -30.27% | 減碼 |
| 25 | AON | Aon plc | -0.1% | — | 減碼 |
| 26 | LIN | Linde plc | -0.1% | EXIT | 清倉 |
| 27 | QQQ | Invesco Qqq Trust Series 1 | -0.1% | EXIT | 清倉 |
| 28 | DHR | Danaher CORP | -0.1% | -11.17% | 減碼 |
| 29 | XOM | Exxon Mobil CORP | -0.1% | -9.67% | 減碼 |
| 30 | PANW | Palo Alto Networks Inc | -0.1% | EXIT | 清倉 |
| 31 | BHP | Bhp Group Ltd-spon Adr | -0.1% | -12.70% | 減碼 |
| 32 | VZ | Verizon Communications Inc | -0.2% | -13.70% | 減碼 |
| 33 | UNP | Union Pacific CORP | -0.2% | -14.36% | 減碼 |
| 34 | ✓ | Duke Energy Corp New | -0.2% | EXIT | 清倉 |
| 35 | COST | Costco Wholesale CORP | -0.2% | -10.71% | 減碼 |
| 36 | MRK | Merck & Co. Inc. | -0.2% | -9.38% | 減碼 |
| 37 | VFIAX | Vanguard 500 Index-adm | -0.2% | EXIT | 清倉 |
| 38 | ACN | Accenture plc | -0.2% | -13.36% | 減碼 |
| 39 | BDX | Becton Dickinson And Co | -0.2% | -19.99% | 減碼 |
| 40 | COP | Conocophillips | -0.3% | -17.12% | 減碼 |
| 41 | AMLP | Alerian Mlp ETF | -0.3% | -11.60% | 減碼 |
| 42 | V | Visa Inc-class A Shares | -0.3% | -9.22% | 減碼 |
| 43 | CVX | Chevron CORP | -0.3% | -8.64% | 減碼 |
| 44 | SYK | Stryker CORP | -0.3% | EXIT | 清倉 |
| 45 | PEP | Pepsico Inc | -0.3% | -11.57% | 減碼 |
| 46 | JNJ | Johnson & Johnson | -0.4% | -12.31% | 減碼 |
| 47 | BRK-B | Berkshire Hathaway Inc-cl B | -0.5% | -7.16% | 減碼 |
| 48 | ABBV | Abbvie Inc | -0.6% | -10.92% | 減碼 |
| 49 | AAPL | Apple Inc | -0.9% | -8.94% | 減碼 |
| 50 | UNH | Unitedhealth Group Inc | -1.2% | -16.83% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Violich Capital Management, Inc. 在 Q2 2025 季度的美股持倉總市值約為 US$9.2億，共申報了 98 個公開持股部位。
在 Q2 2025 季度，Violich Capital Management, Inc. 按市值排列的前三大核心持股分別為：MSFT (11.6%)、GOOG (8.2%)、GOOGL (7.8%)。其中最大持股部位 MSFT 佔據整體投資組合約 11.6% 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
DUK
市值: US$104.3萬
本季最大獲利了結 / 清倉標的
SYK
前期市值: US$243.8萬
在 Q2 2025 季度中，Violich Capital Management, Inc. 共進行了 49 項持倉異動，包含新建倉 4 個部位、加碼 2 個部位、減碼 36 個部位以及清倉 7 個部位。 其中最大新建倉標的為 DUK。 本季清倉部位包含 SYK。
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。