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
298 檔
15.9%
在 Q3 2025 的 13F 官方備案中，Welch Group, LLC 管理的美股投資組合規模來到 US$29.3億，整體持股檔數為 298 檔。
Q3 2025 數據顯示 Welch Group, LLC 積極進場，新開立 1 個部位並同步加碼 46 檔個股，反映機構在該季度的資金注入與籌碼積累。
從部位權重觀察，前 5 大標的（包含 MSFT, AAPL, JPM）累計市值佔比達 15.9%，是驅動 Welch Group, LLC 該季度整體投資組合績效表現的核心支柱。
僅顯示前 200 大持股（共 298 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 | 4.19% | -0.18% | +1.01% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 3.76% | +0.10% | +0.78% | |
| 3 | JPM | Jpmorgan Chase & Co | 股票-金融 | 3.51% | +0.03% | -0.13% | |
| 4 | RTX | Rtx CORP | 股票-工業 | 3.38% | -0.37% | -0.64% | |
| 5 | ABBV | Abbvie Inc | 股票-醫療保健 | 3.35% | +0.20% | +0.86% | |
| 6 | IBM | Intl Business Machines CORP | 股票-科技 | 3.32% | +0.21% | +0.29% | |
| 7 | SFBS | Servisfirst Bancshares Inc | 股票-金融 | 3.09% | +0.17% | +0.99% | |
| 8 | SO | Southern Co/the | 股票-公用事業 | 2.86% | -0.27% | +0.67% | |
| 9 | HD | Home Depot Inc | 股票-循環性消費 | 2.83% | +0.06% | +1.20% | |
| 10 | JNJ | Johnson & Johnson | 股票-醫療保健 | 2.78% | -0.21% | +1.18% | |
| 11 | AJG | Arthur J Gallagher & Co | 股票-金融 | 2.74% | — | +1.11% | |
| 12 | CVX | Chevron CORP | 股票-能源 | 2.59% | -0.89% | +1.75% | |
| 13 | CSCO | Cisco Systems Inc | 股票-科技 | 2.58% | +0.88% | +1.04% | |
| 14 | NEE | Nextera Energy Inc | 股票-公用事業 | 2.57% | -0.41% | +2.35% | |
| 15 | LMT | Lockheed Martin CORP | 股票-工業 | 2.55% | -0.61% | +2.97% | |
| 16 | QCOM | Qualcomm Inc | 股票-科技 | 2.49% | +0.59% | +2.10% | |
| 17 | MCD | Mcdonald's CORP | 股票-循環性消費 | 2.49% | -0.43% | +1.83% | |
| 18 | CINF | Cincinnati Financial CORP | 股票-金融 | 2.48% | +0.16% | +0.44% | |
| 19 | EMR | Emerson Electric Co | 股票-工業 | 2.47% | -0.02% | -0.13% | |
| 20 | XOM | Exxon Mobil CORP | 股票-能源 | 2.39% | -0.91% | +1.60% | |
| 21 | TFC | Truist Financial CORP | 股票-金融 | 2.34% | -0.02% | +1.01% | |
| 22 | CL | Colgate-palmolive Co | 股票-非循環性消費 | 2.14% | -0.02% | +3.12% | |
| 23 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 2.07% | -0.11% | +2.04% | |
| 24 | ED | Consolidated Edison Inc | 股票-公用事業 | 2.05% | -0.24% | +1.69% | |
| 25 | PAYX | Paychex Inc | 股票-科技 | 2.01% | +0.01% | +1.98% | |
| 26 | VZ | Verizon Communications Inc | 股票-通訊服務 | 2.00% | -0.53% | +1.60% | |
| 27 | PFE | Pfizer Inc | 股票-醫療保健 | 1.98% | -0.47% | +4.09% | |
| 28 | TXN | Texas Instruments Inc | 股票-科技 | 1.84% | +0.65% | +1.72% | |
| 29 | KMB | Kimberly-clark CORP | 股票-非循環性消費 | 1.83% | +0.11% | +2.32% | |
| 30 | PEP | Pepsico Inc | 股票-非循環性消費 | 1.81% | -0.38% | -9.26% | |
| 31 | GIS | General Mills Inc | 股票-非循環性消費 | 1.62% | — | +5.73% | |
| 32 | NVDA | Nvidia CORP | 股票-科技 | 1.33% | +0.04% | -0.96% | |
| 33 | CAT | Caterpillar Inc | 股票-工業 | 0.76% | +0.35% | +2.68% | |
| 34 | ORCL | Oracle CORP | 股票-科技 | 0.74% | -0.01% | +2.32% | |
| 35 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.70% | — | +3.79% | |
| 36 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 0.61% | +0.09% | +0.66% | |
| 37 | AMZN | Amazon.com Inc | 股票-循環性消費 | 0.54% | +0.04% | +3.45% | |
| 38 | V | Visa Inc-class A Shares | 股票-金融 | 0.53% | +0.05% | +6.56% | |
| 39 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.51% | +0.06% | +0.60% | |
| 40 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 0.48% | +0.02% | +3.51% | |
| 41 | DE | Deere & Co | 股票-工業 | 0.47% | +0.04% | +2.74% | |
| 42 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.45% | +0.01% | +1.12% | |
| 43 | AMD | Advanced Micro Devices | 股票-科技 | 0.45% | +0.64% | +1.67% | |
| 44 | AVGO | Broadcom Inc | 股票-科技 | 0.43% | +0.06% | +2.12% | |
| 45 | BX | Blackstone Inc | 股票-金融 | 0.43% | — | +2.23% | |
| 46 | TJX | Tjx Companies Inc | 股票-循環性消費 | 0.42% | -0.04% | +3.46% | |
| 47 | ABT | Abbott Laboratories | 股票-醫療保健 | 0.41% | -0.29% | +3.54% | |
| 48 | MA | Mastercard Inc - A | 股票-金融 | 0.36% | +0.03% | +3.29% | |
| 49 | SYK | Stryker CORP | 股票-醫療保健 | 0.35% | +0.02% | +10.93% | |
| 50 | VMC | Vulcan Materials Co | 股票-原物料 | 0.33% | — | -0.45% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | MSFT | Microsoft CORP | +0.8% | +1.01% | 加碼 |
| 2 | JPM | Jpmorgan Chase & Co | +0.5% | -0.13% | 加碼 |
| 3 | NVDA | Nvidia CORP | +0.5% | -0.96% | 加碼 |
| 4 | RTX | Rtx CORP | +0.4% | -0.64% | 減碼 |
| 5 | ORCL | Oracle CORP | +0.4% | +2.32% | 加碼 |
| 6 | AAPL | Apple Inc | +0.3% | +0.78% | 加碼 |
| 7 | AVGO | Broadcom Inc | +0.2% | +2.12% | 加碼 |
| 8 | CAT | Caterpillar Inc | +0.2% | +2.68% | 加碼 |
| 9 | EMR | Emerson Electric Co | +0.2% | -0.13% | 加碼 |
| 10 | GOOGL | Alphabet Inc-cl A | +0.2% | +0.66% | 加碼 |
| 11 | AMD | Advanced Micro Devices | +0.2% | +1.67% | 加碼 |
| 12 | LMT | Lockheed Martin CORP | +0.1% | +2.97% | 加碼 |
| 13 | GS | Goldman Sachs Group Inc | +0.1% | +0.60% | 加碼 |
| 14 | HD | Home Depot Inc | +0.1% | +1.20% | 加碼 |
| 15 | TFC | Truist Financial CORP | +0.1% | +1.01% | 加碼 |
| 16 | JNJ | Johnson & Johnson | +0.1% | +1.18% | 加碼 |
| 17 | IBM | Intl Business Machines CORP | +0.1% | +0.29% | 加碼 |
| 18 | ABBV | Abbvie Inc | +0.1% | +0.86% | 加碼 |
| 19 | META | Meta Platforms Inc-class A | +0.1% | +1.12% | 加碼 |
| 20 | BX | Blackstone Inc | +0.1% | +2.23% | 加碼 |
| 21 | TJX | Tjx Companies Inc | +0.1% | +3.46% | 加碼 |
| 22 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.1% | +10.69% | 加碼 |
| 23 | CSCO | Cisco Systems Inc | +0.1% | +1.04% | 加碼 |
| 24 | QCOM | Qualcomm Inc | +0.1% | +2.10% | 加碼 |
| 25 | AMZN | Amazon.com Inc | +0.1% | +3.45% | 加碼 |
| 26 | IVV | Ishares Core S&p 500 ETF | +0.1% | +3.51% | 加碼 |
| 27 | VMC | Vulcan Materials Co | +0.1% | -0.45% | 加碼 |
| 28 | VOO | Vanguard S&p 500 ETF | 0% | -5.80% | 加碼 |
| 29 | QQQ | Invesco Qqq Trust Series 1 | 0% | +5.15% | 加碼 |
| 30 | GOOG | Alphabet Inc-cl C | 0% | -0.77% | 加碼 |
| 31 | SYK | Stryker CORP | 0% | +10.93% | 加碼 |
| 32 | AXP | American Express Co | 0% | +0.18% | 加碼 |
| 33 | WMT | Walmart Inc | 0% | +5.24% | 加碼 |
| 34 | V | Visa Inc-class A Shares | 0% | +6.56% | 加碼 |
| 35 | NEE | Nextera Energy Inc | 0% | +2.35% | 加碼 |
| 36 | PFE | Pfizer Inc | -0.1% | +4.09% | 加碼 |
| 37 | CINF | Cincinnati Financial CORP | -0.1% | +0.44% | 加碼 |
| 38 | TXN | Texas Instruments Inc | -0.1% | +1.72% | 加碼 |
| 39 | AFL | Aflac Inc | -0.1% | -16.55% | 減碼 |
| 40 | SO | Southern Co/the | -0.2% | +0.67% | 加碼 |
| 41 | GIS | General Mills Inc | -0.4% | +5.73% | 加碼 |
| 42 | PG | Procter & Gamble Co/the | -0.4% | +2.04% | 加碼 |
| 43 | ED | Consolidated Edison Inc | -0.4% | +1.69% | 加碼 |
| 44 | CVX | Chevron CORP | -0.4% | +1.75% | 加碼 |
| 45 | KMB | Kimberly-clark CORP | -0.4% | +2.32% | 加碼 |
| 46 | PEP | Pepsico Inc | -0.5% | -9.26% | 減碼 |
| 47 | CL | Colgate-palmolive Co | -0.5% | +3.12% | 加碼 |
| 48 | PAYX | Paychex Inc | -0.6% | +1.98% | 加碼 |
| 49 | AJG | Arthur J Gallagher & Co | -0.6% | +1.11% | 加碼 |
| 50 | PANW | Palo Alto Networks Inc | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Welch Group, LLC 在 Q3 2025 季度的美股持倉總市值約為 US$29.3億，共申報了 298 個公開持股部位。
在 Q3 2025 季度，Welch Group, LLC 按市值排列的前三大核心持股分別為：MSFT (4.2%)、AAPL (3.8%)、JPM (3.5%)。其中最大持股部位 MSFT 佔據整體投資組合約 4.2% 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
PANW
市值: US$792.2萬
本季最大獲利了結 / 清倉標的
RTX
前期市值: US$6876.0萬
在 Q3 2025 季度中，Welch Group, LLC 共進行了 50 項持倉異動，包含新建倉 1 個部位、加碼 46 個部位、減碼 3 個部位以及清倉 0 個部位。 其中最大新建倉標的為 PANW。
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。