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: 0001443095
申報總市值
US$29.3億
US$29.3億
280 檔
14.6%
截至 Q2 2025 季度末，Welch Group, LLC 的美股持倉估值約為 US$29.3億，全數申報部位共有 280 檔。
在 Q2 2025，Welch Group, LLC 操作展現出積極擴展與加碼意向。本季共新建倉 0 個新部位，並對 46 個既有持股進行加碼（合計增持 46 檔），相較減碼與清倉部位顯著佔優。
檢視投資組合結構，前 5 大主力部位（包含 MSFT, IBM, JPM）占據了總市值的 14.6%，展現出該機構在 Q2 2025 的重點資金聚焦與風險分佈特徵。
本季最大獲利了結 / 清倉標的
SFBS
前期市值: US$7982.5萬
僅顯示前 200 大持股（共 280 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 | MSFT | Microsoft CORP | 股票-科技 | 4.26% | -0.18% | +0.53% | |
| 2 | IBM | Intl Business Machines CORP | 股票-科技 | 3.70% | +0.21% | -0.27% | |
| 3 | JPM | Jpmorgan Chase & Co | 股票-金融 | 3.46% | +0.03% | +0.49% | |
| 4 | AAPL | Apple Inc | 股票-科技 | 3.22% | +0.10% | +4.01% | |
| 5 | RTX | Rtx CORP | 股票-工業 | 3.18% | -0.37% | -0.10% | |
| 6 | SFBS | Servisfirst Bancshares Inc | 股票-金融 | 3.16% | +0.17% | -0.00% | |
| 7 | AJG | Arthur J Gallagher & Co | 股票-金融 | 3.00% | — | -0.79% | |
| 8 | SO | Southern Co/the | 股票-公用事業 | 2.94% | -0.27% | +0.13% | |
| 9 | ABBV | Abbvie Inc | 股票-醫療保健 | 2.85% | +0.20% | +1.48% | |
| 10 | CSCO | Cisco Systems Inc | 股票-科技 | 2.77% | +0.88% | +1.23% | |
| 11 | HD | Home Depot Inc | 股票-循環性消費 | 2.71% | +0.06% | +2.39% | |
| 12 | EMR | Emerson Electric Co | 股票-工業 | 2.69% | -0.02% | +1.90% | |
| 13 | CL | Colgate-palmolive Co | 股票-非循環性消費 | 2.53% | -0.02% | +1.48% | |
| 14 | MCD | Mcdonald's CORP | 股票-循環性消費 | 2.52% | -0.43% | +1.07% | |
| 15 | CVX | Chevron CORP | 股票-能源 | 2.51% | -0.89% | +2.37% | |
| 16 | QCOM | Qualcomm Inc | 股票-科技 | 2.50% | +0.59% | +3.61% | |
| 17 | CINF | Cincinnati Financial CORP | 股票-金融 | 2.49% | +0.16% | +0.45% | |
| 18 | NEE | Nextera Energy Inc | 股票-公用事業 | 2.47% | -0.41% | +1.90% | |
| 19 | LMT | Lockheed Martin CORP | 股票-工業 | 2.46% | -0.61% | +2.18% | |
| 20 | PAYX | Paychex Inc | 股票-科技 | 2.42% | +0.01% | +0.02% | |
| 21 | JNJ | Johnson & Johnson | 股票-醫療保健 | 2.42% | -0.21% | +1.64% | |
| 22 | XOM | Exxon Mobil CORP | 股票-能源 | 2.41% | -0.91% | +1.57% | |
| 23 | TFC | Truist Financial CORP | 股票-金融 | 2.33% | -0.02% | +3.54% | |
| 24 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 2.25% | -0.11% | +1.42% | |
| 25 | TXN | Texas Instruments Inc | 股票-科技 | 2.19% | +0.65% | +2.84% | |
| 26 | ED | Consolidated Edison Inc | 股票-公用事業 | 2.16% | -0.24% | +0.12% | |
| 27 | VZ | Verizon Communications Inc | 股票-通訊服務 | 2.08% | -0.53% | +0.88% | |
| 28 | PEP | Pepsico Inc | 股票-非循環性消費 | 2.01% | -0.38% | +3.75% | |
| 29 | KMB | Kimberly-clark CORP | 股票-非循環性消費 | 1.98% | +0.11% | +1.16% | |
| 30 | PFE | Pfizer Inc | 股票-醫療保健 | 1.93% | -0.47% | +4.48% | |
| 31 | GIS | General Mills Inc | 股票-非循環性消費 | 1.68% | — | +1.85% | |
| 32 | NVDA | Nvidia CORP | 股票-科技 | 1.22% | +0.04% | +2.62% | |
| 33 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.77% | — | +1.03% | |
| 34 | CAT | Caterpillar Inc | 股票-工業 | 0.64% | +0.35% | +4.38% | |
| 35 | ORCL | Oracle CORP | 股票-科技 | 0.60% | -0.01% | +4.40% | |
| 36 | AMZN | Amazon.com Inc | 股票-循環性消費 | 0.56% | +0.04% | +4.66% | |
| 37 | V | Visa Inc-class A Shares | 股票-金融 | 0.56% | +0.05% | +7.80% | |
| 38 | DE | Deere & Co | 股票-工業 | 0.54% | +0.04% | +1.72% | |
| 39 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.49% | +0.06% | +3.15% | |
| 40 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.48% | +0.01% | +3.89% | |
| 41 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 0.47% | +0.09% | +3.99% | |
| 42 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 0.46% | +0.02% | +0.18% | |
| 43 | ABT | Abbott Laboratories | 股票-醫療保健 | 0.43% | -0.29% | +6.18% | |
| 44 | AMD | Advanced Micro Devices | 股票-科技 | 0.42% | +0.64% | +11.93% | |
| 45 | BX | Blackstone Inc | 股票-金融 | 0.39% | — | +5.80% | |
| 46 | AVGO | Broadcom Inc | 股票-科技 | 0.38% | +0.06% | +14.40% | |
| 47 | TJX | Tjx Companies Inc | 股票-循環性消費 | 0.37% | -0.04% | +4.40% | |
| 48 | MA | Mastercard Inc - A | 股票-金融 | 0.36% | +0.03% | +3.37% | |
| 49 | SYK | Stryker CORP | 股票-醫療保健 | 0.36% | +0.02% | +4.69% | |
| 50 | AFL | Aflac Inc | 股票-金融 | 0.35% | -0.04% | -1.75% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | MSFT | Microsoft CORP | +0.9% | +0.53% | 加碼 |
| 2 | IBM | Intl Business Machines CORP | +0.5% | -0.27% | 減碼 |
| 3 | JPM | Jpmorgan Chase & Co | +0.4% | +0.49% | 加碼 |
| 4 | EMR | Emerson Electric Co | +0.4% | +1.90% | 加碼 |
| 5 | NVDA | Nvidia CORP | +0.4% | +2.62% | 加碼 |
| 6 | TXN | Texas Instruments Inc | +0.3% | +2.84% | 加碼 |
| 7 | CSCO | Cisco Systems Inc | +0.2% | +1.23% | 加碼 |
| 8 | ORCL | Oracle CORP | +0.2% | +4.40% | 加碼 |
| 9 | AVGO | Broadcom Inc | +0.2% | +14.40% | 加碼 |
| 10 | RTX | Rtx CORP | +0.2% | -0.10% | 減碼 |
| 11 | AMD | Advanced Micro Devices | +0.1% | +11.93% | 加碼 |
| 12 | GS | Goldman Sachs Group Inc | +0.1% | +3.15% | 加碼 |
| 13 | TFC | Truist Financial CORP | +0.1% | +3.54% | 加碼 |
| 14 | META | Meta Platforms Inc-class A | +0.1% | +3.89% | 加碼 |
| 15 | CAT | Caterpillar Inc | +0.1% | +4.38% | 加碼 |
| 16 | AMZN | Amazon.com Inc | +0.1% | +4.66% | 加碼 |
| 17 | QCOM | Qualcomm Inc | +0.1% | +3.61% | 加碼 |
| 18 | LMT | Lockheed Martin CORP | +0.1% | +2.18% | 加碼 |
| 19 | GOOGL | Alphabet Inc-cl A | +0.1% | +3.99% | 加碼 |
| 20 | VOO | Vanguard S&p 500 ETF | +0.1% | +21.75% | 加碼 |
| 21 | CARR | Carrier Global CORP | 0% | +5.52% | 加碼 |
| 22 | V | Visa Inc-class A Shares | 0% | +7.80% | 加碼 |
| 23 | SPY | Ss Spdr S&p 500 ETF Trust-us | 0% | +36.54% | 加碼 |
| 24 | BIL | Ss Spdr Bb 1-3m T-bill ETF | 0% | +91.37% | 加碼 |
| 25 | DE | Deere & Co | 0% | +1.72% | 加碼 |
| 26 | BX | Blackstone Inc | 0% | +5.80% | 加碼 |
| 27 | IVV | Ishares Core S&p 500 ETF | 0% | +0.18% | 加碼 |
| 28 | SYK | Stryker CORP | 0% | +4.69% | 加碼 |
| 29 | AXP | American Express Co | 0% | +0.13% | 加碼 |
| 30 | QQQ | Invesco Qqq Trust Series 1 | 0% | +29.77% | 加碼 |
| 31 | VMC | Vulcan Materials Co | 0% | +2.16% | 加碼 |
| 32 | ORLY | O'reilly Automotive Inc | 0% | +4990.91% | 加碼 |
| 33 | ABT | Abbott Laboratories | 0% | +6.18% | 加碼 |
| 34 | HD | Home Depot Inc | 0% | +2.39% | 加碼 |
| 35 | CINF | Cincinnati Financial CORP | -0.1% | +0.45% | 加碼 |
| 36 | VZ | Verizon Communications Inc | -0.2% | +0.88% | 加碼 |
| 37 | PG | Procter & Gamble Co/the | -0.2% | +1.42% | 加碼 |
| 38 | MCD | Mcdonald's CORP | -0.2% | +1.07% | 加碼 |
| 39 | PAYX | Paychex Inc | -0.2% | +0.02% | 加碼 |
| 40 | AAPL | Apple Inc | -0.2% | +4.01% | 加碼 |
| 41 | JNJ | Johnson & Johnson | -0.3% | +1.64% | 加碼 |
| 42 | KMB | Kimberly-clark CORP | -0.3% | +1.16% | 加碼 |
| 43 | PEP | Pepsico Inc | -0.3% | +3.75% | 加碼 |
| 44 | ED | Consolidated Edison Inc | -0.3% | +0.12% | 加碼 |
| 45 | GIS | General Mills Inc | -0.3% | +1.85% | 加碼 |
| 46 | XOM | Exxon Mobil CORP | -0.3% | +1.57% | 加碼 |
| 47 | SFBS | Servisfirst Bancshares Inc | -0.4% | -0.00% | 減碼 |
| 48 | AJG | Arthur J Gallagher & Co | -0.4% | -0.79% | 減碼 |
| 49 | ABBV | Abbvie Inc | -0.4% | +1.48% | 加碼 |
| 50 | CVX | Chevron CORP | -0.5% | +2.37% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Welch Group, LLC 在 Q2 2025 季度的美股持倉總市值約為 US$29.3億，共申報了 280 個公開持股部位。
在 Q2 2025 季度，Welch Group, LLC 按市值排列的前三大核心持股分別為：MSFT (4.3%)、IBM (3.7%)、JPM (3.5%)。其中最大持股部位 MSFT 佔據整體投資組合約 4.3% 的權重。
在 Q2 2025 季度中，Welch Group, LLC 共進行了 50 項持倉異動，包含新建倉 0 個部位、加碼 46 個部位、減碼 4 個部位以及清倉 0 個部位。
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。