13F 申报指南13F 概念全攻略
什么是 SEC Form 13F 申报？美股机构大户持股全攻略
完整解读 Form 13F 申报规范、1 亿美元门槛与 45 天延迟申报机制，学会如何追踪顶级对冲基金与机构法人持仓动向。
AlphaSMO 权威研究指南阅读专题
CIK: 0001731530
申报总市值
US$3.0亿
US$3.0亿
35 檔
42.7%
在 Q2 2025 申报期间，First Sabrepoint Capital Management LP（CIK: 0001731530）向美国 SEC 提交的 Form 13F 报告显示，其追踪之股票投资组合总市值达 US$3.0亿，共持有 35 个公开申报仓位。
在 Q2 2025，First Sabrepoint Capital Management LP 展现出较为审慎的避险与获利了结姿态。本季共减仓 15 个仓位并完全清仓 13 档持股，调降曝光的仓位数量高于加仓动作。
在资产配置集中度方面，First Sabrepoint Capital Management LP 的前 5 大核心持股（包含 TURNING PT BRANDS INC, TPB, FCFS 等）合计占整体申报市值的 42.7%，反映机构在主要关键仓位上的权重分布。
| # | 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 | ✓ | Turning Pt Brands Inc | 股票-其他 | 12.09% | -0.24% | +64.84% | |
| 2 | TPB | Turning Point Brands Inc | 股票-其他 | 10.80% | +0.79% | +6.16% | |
| 3 | FCFS | Firstcash Holdings Inc | 股票-金融 | 9.63% | +0.16% | +21.21% | |
| 4 | LAUR | Laureate Education Inc | 股票-其他 | 7.50% | -0.17% | -1.64% | |
| 5 | MSFT | Microsoft CORP | 股票-科技 | 6.20% | — | — | |
| 6 | BTI | British American Tob-sp Adr | 股票-非周期性消费 | 5.90% | +0.07% | +89.19% | |
| 7 | HAS | Hasbro Inc | 股票-周期性消费 | 5.39% | — | — | |
| 8 | CVCO | Cavco Industries Inc | 股票-周期性消费 | 4.64% | -2.07% | +100.00% | |
| 9 | STRL | Sterling Infrastructure Inc | 股票-工业 | 4.11% | +2.56% | -31.03% | |
| 10 | MAA | Mid-america Apartment Comm | 股票-房地产 | 3.96% | — | -21.05% | |
| 11 | WD | Walker & Dunlop Inc | 股票-其他 | 2.94% | — | +23.07% | |
| 12 | LOPE | Grand Canyon Education Inc | 股票-非周期性消费 | 2.69% | -3.58% | EXIT | |
| 13 | CPT | Camden Property Trust | 股票-房地产 | 2.61% | — | -13.33% | |
| 14 | EGY | Vaalco Energy Inc | 股票-其他 | 2.57% | +2.29% | — | |
| 15 | AZO | Autozone Inc | 股票-周期性消费 | 2.45% | -1.48% | — | |
| 16 | BL | Blackline Inc | 股票-科技 | 2.02% | — | — | |
| 17 | PGNY | Progyny Inc | 股票-其他 | 1.80% | — | -36.11% | |
| 18 | GRBK | Green Brick Partners Inc | 股票-其他 | 1.79% | — | -55.61% | |
| 19 | AMRZ | Amrize Ltd | 股票-原材料 | 1.77% | -0.31% | — | |
| 20 | AESI | Atlas Energy Solutions Inc | 股票-其他 | 1.67% | — | -6.67% | |
| 21 | ✓ | Hasbro Inc | 股票-其他 | 1.32% | — | — | |
| 22 | NVR | Nvr Inc | 股票-周期性消费 | 0.97% | — | -13.95% | |
| 23 | BLD | Topbuild CORP | 股票-工业 | 0.92% | -1.02% | EXIT | |
| 24 | GOGO | Gogo Inc | 股票-其他 | 0.89% | — | -73.85% | |
| 25 | ✓ | Aeva Technologies Inc | 股票-其他 | 0.88% | — | — | |
| 26 | ✓ | Duolingo Inc | 股票-其他 | 0.58% | — | — | |
| 27 | ✓ | Modine Mfg Co | 股票-其他 | 0.56% | — | -20.00% | |
| 28 | ✓ | Ast Spacemobile Inc | 股票-其他 | 0.33% | — | -62.96% | |
| 29 | ✓ | New Fortress Energy Inc | 股票-其他 | 0.31% | — | -32.47% | |
| 30 | ✓ | Byrna Technologies Inc | 股票-其他 | 0.19% | — | — | |
| 31 | ✓ | Ionq Inc | 股票-其他 | 0.15% | — | — | |
| 32 | ✓ | Quantum Computing Inc | 股票-其他 | 0.14% | — | — | |
| 33 | ✓ | Rigetti Computing Inc | 股票-其他 | 0.11% | — | -95.59% | |
| 34 | ✓ | D-wave Quantum Inc | 股票-其他 | 0.08% | — | — | |
| 35 | BBW | Build-a-bear Workshop Inc | 股票-其他 | 0.04% | -0.44% | — |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | ✓ | Turning Pt Brands Inc | +6.1% | +64.84% | 加仓 |
| 2 | HAS | Hasbro Inc | +5.4% | NEW | 新建仓 |
| 3 | BTI | British American Tob-sp Adr | +3.1% | +89.19% | 加仓 |
| 4 | TPB | Turning Point Brands Inc | +2.5% | +6.16% | 加仓 |
| 5 | FCFS | Firstcash Holdings Inc | +2.3% | +21.21% | 加仓 |
| 6 | BL | Blackline Inc | +2% | NEW | 新建仓 |
| 7 | AMRZ | Amrize Ltd | +1.8% | NEW | 新建仓 |
| 8 | CVCO | Cavco Industries Inc | +1.8% | +100.00% | 加仓 |
| 9 | MSFT | Microsoft CORP | +1.3% | — | 不变 |
| 10 | ✓ | Hasbro Inc | +1.3% | NEW | 新建仓 |
| 11 | STRL | Sterling Infrastructure Inc | +1.1% | -31.03% | 减仓 |
| 12 | ✓ | Aeva Technologies Inc | +0.9% | NEW | 新建仓 |
| 13 | ✓ | Duolingo Inc | +0.6% | NEW | 新建仓 |
| 14 | LAUR | Laureate Education Inc | +0.6% | -1.64% | 减仓 |
| 15 | ✓ | Byrna Technologies Inc | +0.2% | NEW | 新建仓 |
| 16 | ✓ | Ionq Inc | +0.2% | NEW | 新建仓 |
| 17 | ✓ | Quantum Computing Inc | +0.1% | NEW | 新建仓 |
| 18 | ✓ | Rigetti Computing Inc | +0.1% | -95.59% | 减仓 |
| 19 | ✓ | D-wave Quantum Inc | +0.1% | NEW | 新建仓 |
| 20 | BBW | Build-a-bear Workshop Inc | 0% | NEW | 新建仓 |
| 21 | ✓ | Modine Mfg Co | 0% | -20.00% | 减仓 |
| 22 | ✓ | Soundhound Ai Inc | -0.1% | EXIT | 清仓 |
| 23 | WD | Walker & Dunlop Inc | -0.1% | +23.07% | 加仓 |
| 24 | ✓ | Archer Aviation Inc | -0.1% | EXIT | 清仓 |
| 25 | ✓ | Ast Spacemobile Inc | -0.1% | -62.96% | 减仓 |
| 26 | AZO | Autozone Inc | -0.2% | — | 不变 |
| 27 | NVR | Nvr Inc | -0.2% | -13.95% | 减仓 |
| 28 | EGY | Vaalco Energy Inc | -0.2% | — | 不变 |
| 29 | OABI | Omniab Inc | -0.4% | EXIT | 清仓 |
| 30 | ✓ | Gogo Inc | -0.5% | EXIT | 清仓 |
| 31 | IMXI | International Money Express | -0.7% | EXIT | 清仓 |
| 32 | CPT | Camden Property Trust | -0.8% | -13.33% | 减仓 |
| 33 | AESI | Atlas Energy Solutions Inc | -0.8% | -6.67% | 减仓 |
| 34 | ✓ | New Fortress Energy Inc | -0.9% | -32.47% | 减仓 |
| 35 | CIEN | Ciena CORP | -0.9% | EXIT | 清仓 |
| 36 | ✓ | Powell Inds Inc | -1% | EXIT | 清仓 |
| 37 | BLD | Topbuild CORP | -1.1% | -55.56% | 减仓 |
| 38 | LOPE | Grand Canyon Education Inc | -1.2% | -33.33% | 减仓 |
| 39 | PGNY | Progyny Inc | -1.2% | -36.11% | 减仓 |
| 40 | GOGO | Gogo Inc | -1.2% | -73.85% | 减仓 |
| 41 | NVGS | Navigator Holdings Ltd. | -1.2% | EXIT | 清仓 |
| 42 | ✓ | Brinker Intl Inc | -1.4% | EXIT | 清仓 |
| 43 | TFIN | Triumph Financial Inc | -1.7% | EXIT | 清仓 |
| 44 | WDAY | Workday Inc-class A | -1.9% | EXIT | 清仓 |
| 45 | MAA | Mid-america Apartment Comm | -2% | -21.05% | 减仓 |
| 46 | GRBK | Green Brick Partners Inc | -2.1% | -55.61% | 减仓 |
| 47 | EEFT | Euronet Worldwide Inc | -3.6% | EXIT | 清仓 |
| 48 | PM | Philip Morris International | -5.9% | EXIT | 清仓 |
根据 SEC 官方 Form 13F 申报备案，First Sabrepoint Capital Management LP 在 Q2 2025 季度的美股持仓总市值约为 US$3.0亿，共申报了 35 个公开持股仓位。
在 Q2 2025 季度，First Sabrepoint Capital Management LP 按市值排列的前三大核心持股分别为：TURNING PT BRANDS INC (12.1%)、TPB (10.8%)、FCFS (9.6%)。其中最大持股仓位 TURNING PT BRANDS INC 占据整体投资组合约 12.1% 的权重。
精选 AlphaSMO 大户持股与内部人交易深度分析，提升投资决策胜率
完整解读 Form 13F 申报规范、1 亿美元门槛与 45 天延迟申报机制，学会如何追踪顶级对冲基金与机构法人持仓动向。
本季最大新建仓标的
HAS
市值: US$1513.3万
本季最大获利了结 / 清仓标的
PM
前期市值: US$1587.3万
在 Q2 2025 季度中，First Sabrepoint Capital Management LP 共进行了 45 项持仓异动，包含新建仓 11 个仓位、加仓 6 个仓位、减仓 15 个仓位以及清仓 13 个仓位。 其中最大新建仓标的为 HAS。 本季清仓仓位包含 PM。
本页面所有持股数据均直接同步自美国证券交易委员会（SEC）EDGAR 官方系统之 13F-HR / 13F-HR/A 季度申报文件。AlphaSMO 通过机器解析 CUSIP 与个股对照，提供 100% 精准对齐的历史时序数据集，并支持 Schema.org 结构化数据格式。
解析公司高管、董事与 10% 大股东之 Form 4 内部人交易申报，掌握高管自家股票买卖第一手信号。
深入剖析 5% 股权申报门槛、13D 与 13G 之差异，以及最新 SEC 申报时程规范，洞察机构法人的激进投资动向。