CIK: 0001109228
申报总市值
US$30.1亿
申报季度: 2026-03-31 · 持股只数: 393
KCM INVESTMENT ADVISORS LLC在最新一期 13F 报告中披露了 393 项持股，申报期为 2026-03-31，总持股市值约为 US$30.1亿，季度换手率为 13.5%。
Kcm Investment Advisors LLC 目前披露的持仓，Herfindahl 集中度指数为 0.020——换算下来相当于约 50 个等权重仓位，明显低于其实际披露的 393 只持仓。这一差距显示该机构的策略偏向集中在少数高信心仓位，而非广泛分散。
整体仓位大小差异较大（变异系数为 2.61），除少数重仓仓位外，还有许多规模较小的持仓。
最新申报季度中，并未观察到明显偏向加仓既有大仓位或大举建立新仓位的倾向。
目前行业板块分类约覆盖此投资组合披露价值的 66%；其余部分（例如未匹配板块的标的、期权或其他证券类型）尚未纳入板块分类范围。
减仓 MSFT
-3.0% -US$3719.3万
加仓 CVX
+0.2% US$1723.9万
加仓 COST
-2.2% US$1286.8万
减仓 AAPL
-2.5% -US$2110.7万
减仓 ADP
-12.8% -US$1347.0万
加仓 XLE
-1.7% US$1019.2万
仅显示前 200 大持股（共 393 只）
| # | 代码 | 标的名称 | 资产子类别 | 占比 | 占比变动 | 持仓量变化 | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AAPL | Apple INC | 股票-科技 | 7.07% | -0.44% | -2.53% | |
| 2 | XLK | Ss Technology Select Sector | ETF-科技型 | 5.95% | -0.25% | +0.38% | |
| 3 | COST | Costco Wholesale CORP | 股票-非周期性消费 | 3.72% | +0.54% | -2.22% | |
| 4 | MSFT | Microsoft CORP | 股票-科技 | 3.56% | -1.07% | -3.02% | |
| 5 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 2.58% | -0.15% | -0.76% | |
| 6 | WMT | Walmart INC | 股票-非周期性消费 | 2.30% | +0.28% | -1.30% | |
| 7 | AMZN | Amazon.com INC | 股票-周期性消费 | 2.27% | -0.20% | -1.42% | |
| 8 | JPM | Jpmorgan Chase & Co | 股票-金融 | 2.19% | -0.08% | +2.49% | |
| 9 | CVX | Chevron CORP | 股票-能源 | 2.16% | +0.63% | +0.20% | |
| 10 | NVDA | Nvidia CORP | 股票-科技 | 2.14% | -0.06% | +0.44% | |
| 11 | XLC | Ss Comm Select Sector Spdr | ETF-其他 | 1.83% | -0.18% | -6.57% | |
| 12 | XLY | Ss Consumer Disc Select Sect | ETF-其他 | 1.79% | -0.08% | +1.47% | |
| 13 | VGT | Vanguard Info Tech ETF | ETF-科技型 | 1.77% | -0.21% | -6.73% | |
| 14 | XLV | Ss Health Care Select Sector | ETF-其他 | 1.59% | -0.05% | -1.42% | |
| 15 | V | Visa Inc-class A Shares | 股票-金融 | 1.52% | -0.19% | -0.18% | |
| 16 | JNJ | Johnson & Johnson | 股票-医疗保健 | 1.51% | +0.26% | -1.33% | |
| 17 | HD | Home Depot INC | 股票-周期性消费 | 1.49% | -0.02% | -0.48% | |
| 18 | VOX | Vanguard Communication Servi | ETF-其他 | 1.48% | -0.20% | -8.46% | |
| 19 | XLI | Ss Industrial Select Sector | ETF-其他 | 1.47% | +0.19% | +6.54% | |
| 20 | WM | Waste Management INC | 股票-工业 | 1.41% | — | -2.41% | |
| 21 | XLF | Ss Financial Select Sector | ETF-其他 | 1.41% | -0.07% | +1.93% | |
| 22 | GOOG | Alphabet Inc-cl C | 股票-通信服务 | 1.39% | -0.10% | -1.51% | |
| 23 | XLE | Ss Energy Select Sector | ETF-其他 | 1.31% | +0.37% | -1.73% | |
| 24 | TT | Trane Technologies plc | 股票-工业 | 1.31% | +0.10% | -2.19% | |
| 25 | CAT | Caterpillar INC | 股票-工业 | 1.16% | +0.25% | -0.69% | |
| 26 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 1.13% | -0.03% | +0.68% | |
| 27 | VTI | Vanguard Total Stock Mkt ETF | ETF-其他 | 1.11% | — | -0.03% | |
| 28 | XLP | Ss Consumer Staples Sel Sect | ETF-其他 | 1.11% | — | -0.48% | |
| 29 | NEE | Nextera Energy INC | 股票-公用事业 | 1.09% | +0.16% | -2.07% | |
| 30 | VCR | Vanguard Consumer Discre ETF | ETF-其他 | 1.03% | -0.06% | +0.24% | |
| 31 | AMGN | Amgen INC | 股票-医疗保健 | 1.02% | +0.10% | -0.31% | |
| 32 | ADP | Automatic Data Processing | 股票-科技 | 0.99% | -0.40% | -12.77% | |
| 33 | VIS | Vanguard Industrials ETF | ETF-其他 | 0.90% | — | +0.21% | |
| 34 | PG | Procter & Gamble Co/the | 股票-非周期性消费 | 0.84% | — | -3.94% | |
| 35 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股与成长 | 0.80% | -0.17% | -15.98% | |
| 36 | BX | Blackstone INC | 股票-金融 | 0.80% | -0.25% | -1.50% | |
| 37 | MCD | Mcdonald's CORP | 股票-周期性消费 | 0.78% | — | -0.53% | |
| 38 | VFH | Vanguard Financials ETF | ETF-其他 | 0.78% | -0.09% | -4.74% | |
| 39 | LLY | Eli Lilly & Co | 股票-医疗保健 | 0.74% | -0.12% | -3.22% | |
| 40 | KLAC | Kla CORP | 股票-科技 | 0.73% | +0.14% | -1.60% | |
| 41 | VRT | Vertiv Holdings Co-a | 股票-工业 | 0.71% | +0.26% | -1.64% | |
| 42 | CSL | Carlisle Cos INC | 股票-工业 | 0.65% | — | -0.07% | |
| 43 | AVGO | Broadcom INC | 股票-科技 | 0.64% | — | +4.37% | |
| 44 | ECL | Ecolab INC | 股票-原材料 | 0.60% | — | -3.95% | |
| 45 | ABBV | Abbvie INC | 股票-医疗保健 | 0.55% | — | +0.73% | |
| 46 | BAC | Bank Of America CORP | 股票-金融 | 0.52% | -0.07% | -4.55% | |
| 47 | AMAT | Applied Materials INC | 股票-科技 | 0.49% | +0.12% | -2.26% | |
| 48 | SCCO | Southern Copper CORP | 股票-原材料 | 0.49% | +0.12% | +7.43% | |
| 49 | VHT | Vanguard Health Care ETF | ETF-其他 | 0.48% | — | -3.18% | |
| 50 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.46% | — | +2.76% |
Q3 2026表现
+3.2%
近4个季度表现
+21.4%
基于可获取价格的持仓（占申报价值的84%）计算
| 季度 | 持股只数 | 总市值 | 稳定性 | 主要持股 |
|---|---|---|---|---|
| 2026-03-31 | 393 | US$30.1亿 | 13 | |
| 2025-12-31 | 394 | US$31.2亿 | 8 | |
| 2025-09-30 | 383 | US$31.1亿 | 21 | |
| 2025-06-30 | 378 | US$29.8亿 | 0 | |
| 2025-03-31 | 362 | US$27.8亿 | 100 | |
| 2024-12-31 | 367 | US$29.0亿 | 0 | |
| 2024-09-30 | 373 | US$29.5亿 | 0 | |
| 2024-06-30 | 367 | US$27.9亿 | 0 | |
| 2024-03-31 | 376 | US$27.1亿 | 0 | |
| 2023-12-31 | 365 | US$25.1亿 | 0 | |
| 2023-09-30 | 365 | US$23.2亿 | 0 | |
| 2023-06-30 | 378 | US$24.9亿 | 0 | |
| 2023-03-31 | 406 | US$24.7亿 | 0 | |
| 2022-12-31 | 388 | US$23.2亿 | 0 | |
| 2022-09-30 | 377 | US$21.6亿 | 0 | |
| 2022-06-30 | 384 | US$22.9亿 | 0 | |
| 2022-03-31 | 409 | US$27.3亿 | 0 | |
| 2021-12-31 | 419 | US$28.7亿 | 0 | |
| 2021-09-30 | 394 | US$25.1亿 | 0 | |
| 2021-06-30 | 388 | US$24.7亿 | 0 | |
| 2021-03-31 | 367 | US$22.6亿 | 16 | |
| 2020-12-31 | 354 | US$20.7亿 | 16 | |
| 2020-09-30 | 317 | US$18.0亿 | 18 | |
| 2020-06-30 | 337 | US$17.8亿 | 25 | |
| 2020-03-31 | 306 | US$14.8亿 | 100 | |
| 2019-12-31 | 340 | US$18.4亿 | 10 | |
| 2019-09-30 | 324 | US$17.2亿 | 9 | |
| 2019-06-30 | 324 | US$16.7亿 | 13 | |
| 2019-03-31 | 316 | US$15.5亿 | 100 | |
| 2018-12-31 | 483 | US$15.1亿 | 23 | |
| 2018-09-30 | 514 | US$17.5亿 | 14 | |
| 2018-06-30 | 525 | US$16.2亿 | 24 | |
| 2018-03-31 | 523 | US$16.5亿 | 13 | |
| 2017-12-31 | 516 | US$17.1亿 | 13 | |
| 2017-09-30 | 522 | US$16.4亿 | 13 | |
| 2017-06-30 | 533 | US$16.0亿 | 11 | |
| 2017-03-31 | 540 | US$15.6亿 | 13 | |
| 2016-12-31 | 536 | US$14.9亿 | 10 | |
| 2016-09-30 | 539 | US$14.6亿 | 11 | |
| 2016-06-30 | 525 | US$14.3亿 | 10 | |
| 2016-03-31 | 518 | US$13.6亿 | 15 | |
| 2015-12-31 | 520 | US$12.7亿 | 14 | |
| 2015-09-30 | 526 | US$12.1亿 | 15 | |
| 2015-06-30 | 547 | US$12.6亿 | 12 | |
| 2015-03-31 | 540 | US$12.5亿 | 13 | |
| 2014-12-31 | 519 | US$11.9亿 | 18 | |
| 2014-09-30 | 507 | US$10.9亿 | 11 | |
| 2014-06-30 | 495 | US$10.7亿 | 15 | |
| 2014-03-31 | 457 | US$9.7亿 | 10 | |
| 2013-12-31 | 454 | US$9.2亿 | 15 | |
| 2013-09-30 | 437 | US$8.4亿 | 13 | |
| 2013-06-30 | 432 | US$8.3亿 | 0 |
Kcm Investment Advisors LLC 在 2026-03-31 最显著的持仓异动： 减仓: Microsoft CORP (MSFT) — 股数 -3.02%; 加仓: Chevron CORP (CVX) — 股数 +0.20%; 减仓: Costco Wholesale CORP (COST) — 股数 -2.22%; 减仓: Apple INC (AAPL) — 股数 -2.53%; 减仓: Automatic Data Processing (ADP) — 股数 -12.77%.
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | CVX | Chevron CORP | +0.6% | +0.20% | 加仓 |
| 2 | COST | Costco Wholesale CORP | +0.5% | -2.22% | 减仓 |
| 3 | XLE | Ss Energy Select Sector | +0.4% | -1.73% | 减仓 |
| 4 | WMT | Walmart INC | +0.3% | -1.30% | 减仓 |
| 5 | VRT | Vertiv Holdings Co-a | +0.3% | -1.64% | 减仓 |
| 6 | JNJ | Johnson & Johnson | +0.3% | -1.33% | 减仓 |
| 7 | CAT | Caterpillar INC | +0.3% | -0.69% | 减仓 |
| 8 | XLI | Ss Industrial Select Sector | +0.2% | +6.54% | 加仓 |
| 9 | NLR | Vaneck Urani & Nuclr Etf-usd | +0.2% | +53.40% | 加仓 |
| 10 | NEE | Nextera Energy INC | +0.2% | -2.07% | 减仓 |
| 11 | KLAC | Kla CORP | +0.1% | -1.60% | 减仓 |
| 12 | AMAT | Applied Materials INC | +0.1% | -2.26% | 减仓 |
| 13 | SCCO | Southern Copper CORP | +0.1% | +7.43% | 加仓 |
| 14 | AMGN | Amgen INC | +0.1% | -0.31% | 减仓 |
| 15 | TT | Trane Technologies plc | +0.1% | -2.19% | 减仓 |
| 16 | GLW | Corning INC | +0.1% | -1.48% | 减仓 |
| 17 | VZ | Verizon Communications INC | +0.1% | -1.07% | 减仓 |
| 18 | VDE | Vanguard Energy ETF | +0.1% | -6.09% | 减仓 |
| 19 | XLU | St Sr Utl Sl Se Spdr Etf-usd | +0.1% | +7.56% | 加仓 |
| 20 | VAW | Vanguard Materials ETF | +0.1% | +15.11% | 加仓 |
| 21 | HD | Home Depot INC | 0% | -0.48% | 减仓 |
| 22 | QQQ | Invesco Qqq Trust Series 1 | 0% | +0.68% | 加仓 |
| 23 | XLV | Ss Health Care Select Sector | -0.1% | -1.42% | 减仓 |
| 24 | ACN | Accenture plc | -0.1% | -8.17% | 减仓 |
| 25 | NVDA | Nvidia CORP | -0.1% | +0.44% | 加仓 |
| 26 | VCR | Vanguard Consumer Discre ETF | -0.1% | +0.24% | 加仓 |
| 27 | XLF | Ss Financial Select Sector | -0.1% | +1.93% | 加仓 |
| 28 | BAC | Bank Of America CORP | -0.1% | -4.55% | 减仓 |
| 29 | JPM | Jpmorgan Chase & Co | -0.1% | +2.49% | 加仓 |
| 30 | XLY | Ss Consumer Disc Select Sect | -0.1% | +1.47% | 加仓 |
| 31 | VFH | Vanguard Financials ETF | -0.1% | -4.74% | 减仓 |
| 32 | DHR | Danaher CORP | -0.1% | -4.50% | 减仓 |
| 33 | OMC | Omnicom Group | -0.1% | -62.40% | 减仓 |
| 34 | GOOG | Alphabet Inc-cl C | -0.1% | -1.51% | 减仓 |
| 35 | VO | Vanguard Mid-cap ETF | -0.1% | -84.85% | 减仓 |
| 36 | LLY | Eli Lilly & Co | -0.1% | -3.22% | 减仓 |
| 37 | APPF | Appfolio INC - A | -0.1% | -81.12% | 减仓 |
| 38 | ABT | Abbott Laboratories | -0.1% | -11.30% | 减仓 |
| 39 | GOOGL | Alphabet Inc-cl A | -0.2% | -0.76% | 减仓 |
| 40 | SPY | Ss Spdr S&p 500 ETF Trust-us | -0.2% | -15.98% | 减仓 |
| 41 | XLC | Ss Comm Select Sector Spdr | -0.2% | -6.57% | 减仓 |
| 42 | V | Visa Inc-class A Shares | -0.2% | -0.18% | 减仓 |
| 43 | AMZN | Amazon.com INC | -0.2% | -1.42% | 减仓 |
| 44 | VOX | Vanguard Communication Servi | -0.2% | -8.46% | 减仓 |
| 45 | VGT | Vanguard Info Tech ETF | -0.2% | -6.73% | 减仓 |
| 46 | XLK | Ss Technology Select Sector | -0.3% | +0.38% | 加仓 |
| 47 | BX | Blackstone INC | -0.3% | -1.50% | 减仓 |
| 48 | ADP | Automatic Data Processing | -0.4% | -12.77% | 减仓 |
| 49 | AAPL | Apple INC | -0.4% | -2.53% | 减仓 |
| 50 | MSFT | Microsoft CORP | -1.1% | -3.02% | 减仓 |
| 季度 | 申报日期 | 类型 | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-15 | 13F-HR | 在 EDGAR 上查看 |
| 2025-12-31 | 2026-02-13 | 13F-HR | 在 EDGAR 上查看 |
| 2025-09-30 | 2025-11-12 | 13F-HR | 在 EDGAR 上查看 |
| 2025-06-30 | 2025-08-06 | 13F-HR | 在 EDGAR 上查看 |
| 2025-03-31 | 2025-05-14 | 13F-HR | 在 EDGAR 上查看 |
| 2024-12-31 | 2025-02-13 | 13F-HR | 在 EDGAR 上查看 |
| 2024-09-30 | 2024-11-06 | 13F-HR | 在 EDGAR 上查看 |
| 2024-06-30 | 2024-07-29 | 13F-HR | 在 EDGAR 上查看 |
| 2024-03-31 | 2024-05-07 | 13F-HR | 在 EDGAR 上查看 |
| 2023-12-31 | 2024-02-13 | 13F-HR | 在 EDGAR 上查看 |
| 2023-09-30 | 2023-11-08 | 13F-HR | 在 EDGAR 上查看 |
| 2023-06-30 | 2023-08-09 | 13F-HR | 在 EDGAR 上查看 |
| 2023-03-31 | 2023-05-09 | 13F-HR | 在 EDGAR 上查看 |
| 2022-12-31 | 2023-01-31 | 13F-HR | 在 EDGAR 上查看 |
| 2022-09-30 | 2022-11-10 | 13F-HR | 在 EDGAR 上查看 |
| 2022-06-30 | 2022-08-15 | 13F-HR | 在 EDGAR 上查看 |
| 2022-03-31 | 2022-05-13 | 13F-HR | 在 EDGAR 上查看 |
| 2021-12-31 | 2022-02-14 | 13F-HR | 在 EDGAR 上查看 |
| 2021-09-30 | 2021-11-12 | 13F-HR | 在 EDGAR 上查看 |
| 2021-06-30 | 2021-10-21 | 修正案 | 在 EDGAR 上查看 |
| 2021-06-30 | 2021-08-12 | 13F-HR | 在 EDGAR 上查看 |
| 2021-03-31 | 2021-05-13 | 13F-HR | 在 EDGAR 上查看 |
| 2020-12-31 | 2021-02-19 | 13F-HR | 在 EDGAR 上查看 |
| 2020-09-30 | 2020-11-16 | 13F-HR | 在 EDGAR 上查看 |
| 2020-06-30 | 2020-08-14 | 13F-HR | 在 EDGAR 上查看 |
| 2020-03-31 | 2020-04-27 | 13F-HR | 在 EDGAR 上查看 |
| 2019-12-31 | 2020-02-18 | 13F-HR | 在 EDGAR 上查看 |
| 2019-09-30 | 2019-11-15 | 13F-HR | 在 EDGAR 上查看 |
| 2019-06-30 | 2019-08-14 | 13F-HR | 在 EDGAR 上查看 |
| 2019-03-31 | 2019-05-16 | 13F-HR | 在 EDGAR 上查看 |
| 2018-12-31 | 2019-02-12 | 13F-HR | 在 EDGAR 上查看 |
| 2018-09-30 | 2018-11-07 | 13F-HR | 在 EDGAR 上查看 |
| 2018-06-30 | 2018-08-10 | 13F-HR | 在 EDGAR 上查看 |
| 2018-03-31 | 2018-05-09 | 13F-HR | 在 EDGAR 上查看 |
| 2018-03-31 | 2018-05-09 | 修正案 | 在 EDGAR 上查看 |
| 2017-12-31 | 2018-02-22 | 13F-HR | 在 EDGAR 上查看 |
| 2017-09-30 | 2017-11-13 | 13F-HR | 在 EDGAR 上查看 |
| 2017-06-30 | 2017-08-10 | 13F-HR | 在 EDGAR 上查看 |
| 2017-03-31 | 2017-05-15 | 13F-HR | 在 EDGAR 上查看 |
| 2016-12-31 | 2017-02-22 | 修正案 | 在 EDGAR 上查看 |
| 2016-12-31 | 2017-02-14 | 13F-HR | 在 EDGAR 上查看 |
| 2016-09-30 | 2016-11-15 | 13F-HR | 在 EDGAR 上查看 |
| 2016-06-30 | 2016-08-15 | 13F-HR | 在 EDGAR 上查看 |
| 2016-03-31 | 2016-05-10 | 13F-HR | 在 EDGAR 上查看 |
| 2015-12-31 | 2016-02-12 | 13F-HR | 在 EDGAR 上查看 |
| 2015-09-30 | 2015-11-12 | 13F-HR | 在 EDGAR 上查看 |
| 2015-06-30 | 2015-08-14 | 13F-HR | 在 EDGAR 上查看 |
| 2015-03-31 | 2015-05-14 | 13F-HR | 在 EDGAR 上查看 |
| 2014-12-31 | 2015-02-12 | 13F-HR | 在 EDGAR 上查看 |
| 2014-09-30 | 2014-11-10 | 13F-HR | 在 EDGAR 上查看 |
| 2014-06-30 | 2014-08-01 | 13F-HR | 在 EDGAR 上查看 |
| 2014-03-31 | 2014-05-20 | 13F-HR | 在 EDGAR 上查看 |
| 2013-12-31 | 2014-02-10 | 13F-HR | 在 EDGAR 上查看 |
| 2013-09-30 | 2013-11-14 | 13F-HR | 在 EDGAR 上查看 |
| 2013-06-30 | 2013-08-13 | 13F-HR | 在 EDGAR 上查看 |
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