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: 0001317208
申报总市值
US$4.2亿
US$4.2亿
45 檔
31.4%
TSP Capital Management Group, LLC 在 Q4 2025 季度的美股仓位总计估值为 US$4.2亿，分散于 45 个持仓标的之中，反映其市场参与广度与投资规模。
在 Q4 2025，TSP Capital Management Group, LLC 展现出较为审慎的避险与获利了结姿态。本季共减仓 32 个仓位并完全清仓 1 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，TSP Capital Management Group, LLC 的前 5 大核心持股（包含 NGDN, TMQ, SLV 等）合计占整体申报市值的 31.4%，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 | NGDN | New Gold Inc | 股票-其他 | 7.49% | — | -11.54% | |
| 2 | TMQ | Trilogy Metals Inc | 股票-其他 | 7.09% | -0.23% | +0.24% | |
| 3 | SLV | Ishares Silver Trust | ETF-避险与商品 | 6.38% | -1.01% | -1.76% | |
| 4 | BVN | Cia De Minas Buenaventur-adr | 股票-其他 | 5.63% | -1.25% | -17.39% | |
| 5 | SBSW | Sibanye-stillwater Ltd-adr | 股票-其他 | 5.46% | -0.69% | -13.80% | |
| 6 | MLP | Maui Land & Pineapple Co | 股票-其他 | 4.55% | +0.53% | -0.10% | |
| 7 | CIG | Cia Energetica De-spon Adr | 股票-其他 | 4.42% | -0.74% | -0.82% | |
| 8 | ADEA | Adeia Inc | 股票-其他 | 4.26% | +1.05% | +0.87% | |
| 9 | CWCO | Consolidated Water Co. Ltd. | 股票-其他 | 4.13% | -0.49% | -1.14% | |
| 10 | MNKD | Mannkind CORP | 股票-其他 | 4.11% | +2.05% | -0.70% | |
| 11 | GLD | Spdr Gold Shares | ETF-避险与商品 | 3.92% | -0.34% | -1.46% | |
| 12 | NOK | Nokia Corp-spon Adr | 股票-科技 | 3.90% | +1.64% | -0.28% | |
| 13 | CTVA | Corteva Inc | 股票-原材料 | 3.47% | -0.03% | -0.97% | |
| 14 | XYL | Xylem Inc | 股票-工业 | 2.92% | -0.08% | -0.70% | |
| 15 | FCX | Freeport-mcmoran Inc | 股票-原材料 | 2.65% | +0.14% | -0.93% | |
| 16 | NEM | Newmont CORP | 股票-原材料 | 2.60% | -0.43% | -1.30% | |
| 17 | CLDX | Celldex Therapeutics Inc | 股票-其他 | 2.49% | +0.40% | -0.21% | |
| 18 | MSEX | Middlesex Water Co | 股票-其他 | 2.32% | +0.17% | +57.75% | |
| 19 | SSYS | Stratasys Ltd. | 股票-其他 | 2.31% | +0.16% | +15.23% | |
| 20 | NVAX | Novavax Inc | 股票-医疗保健 | 2.28% | +0.44% | -0.71% | |
| 21 | WM | Waste Management Inc | 股票-工业 | 2.24% | -0.11% | -0.48% | |
| 22 | WBD | Warner Bros Discovery Inc | 股票-通信服务 | 2.20% | -0.08% | -6.08% | |
| 23 | CDE | Coeur Mining Inc | 股票-原材料 | 1.84% | -1.19% | -3.04% | |
| 24 | GWRS | Global Water Resources Inc | 股票-其他 | 1.56% | +0.13% | +134.89% | |
| 25 | BGH | Barings Glbl Shrt Dur Hi Yld | 股票-其他 | 1.19% | — | -1.57% | |
| 26 | MPV | Barings Participation Invest | 股票-其他 | 1.09% | -0.05% | -1.88% | |
| 27 | MRK | Merck & Co. Inc. | 股票-医疗保健 | 0.97% | +0.06% | -0.53% | |
| 28 | AMX | America Movil Sab De Cv | 股票-其他 | 0.95% | — | -2.41% | |
| 29 | WU | Western Union Co | 股票-金融 | 0.80% | -0.26% | -23.44% | |
| 30 | KYN | Kayne Anderson Energy Infra | 股票-其他 | 0.78% | -0.04% | -1.94% | |
| 31 | ENB | Enbridge Inc | 股票-能源 | 0.52% | -0.01% | -0.22% | |
| 32 | HPI | John Hancock Prefer Inc | 股票-其他 | 0.51% | +0.02% | -1.52% | |
| 33 | DUK | Duke Energy CORP | 股票-公用事业 | 0.50% | -0.03% | +0.04% | |
| 34 | AWK | American Water Works Co Inc | 股票-公用事业 | 0.38% | +0.10% | — | |
| 35 | MCI | Barings Corporate Investors | 股票-其他 | 0.38% | +0.01% | -0.20% | |
| 36 | GLW | Corning Inc | 股票-科技 | 0.32% | -0.41% | EXIT | |
| 37 | XPER | Xperi Inc | 股票-其他 | 0.31% | +0.61% | -8.20% | |
| 38 | CSCO | Cisco Systems Inc | 股票-科技 | 0.21% | +0.10% | -0.44% | |
| 39 | KRP | Kimbell Royalty Partners LP | 股票-其他 | 0.19% | — | — | |
| 40 | PFE | Pfizer Inc | 股票-医疗保健 | 0.17% | -0.04% | -35.37% | |
| 41 | PBI | Pitney Bowes Inc | 股票-其他 | 0.16% | +0.09% | — | |
| 42 | BMY | Bristol-myers Squibb Co | 股票-医疗保健 | 0.16% | -0.01% | -29.11% | |
| 43 | WY | Weyerhaeuser Co | 股票-房地产 | 0.08% | — | — | |
| 44 | CAG | Conagra Brands Inc | 股票-非周期性消费 | 0.06% | -0.01% | +33.17% | |
| 45 | AH30 | Assertio Holdings Inc | 股票-其他 | 0.06% | -0.12% | EXIT |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | TMQ | Trilogy Metals Inc | +3.3% | +0.24% | 加仓 |
| 2 | SLV | Ishares Silver Trust | +1.7% | -1.76% | 减仓 |
| 3 | NOK | Nokia Corp-spon Adr | +0.7% | -0.28% | 减仓 |
| 4 | GWRS | Global Water Resources Inc | +0.7% | +134.89% | 加仓 |
| 5 | MSEX | Middlesex Water Co | +0.6% | +57.75% | 加仓 |
| 6 | WBD | Warner Bros Discovery Inc | +0.5% | -6.08% | 减仓 |
| 7 | FCX | Freeport-mcmoran Inc | +0.4% | -0.93% | 减仓 |
| 8 | NEM | Newmont CORP | +0.2% | -1.30% | 减仓 |
| 9 | MRK | Merck & Co. Inc. | +0.1% | -0.53% | 减仓 |
| 10 | GLD | Spdr Gold Shares | 0% | -1.46% | 减仓 |
| 11 | CAG | Conagra Brands Inc | 0% | +33.17% | 加仓 |
| 12 | CSCO | Cisco Systems Inc | — | -0.44% | 减仓 |
| 13 | SBSW | Sibanye-stillwater Ltd-adr | 0% | -13.80% | 减仓 |
| 14 | GLW | Corning Inc | 0% | — | 不变 |
| 15 | WY | Weyerhaeuser Co | 0% | — | 不变 |
| 16 | PBI | Pitney Bowes Inc | 0% | — | 不变 |
| 17 | KRP | Kimbell Royalty Partners LP | 0% | — | 不变 |
| 18 | BMY | Bristol-myers Squibb Co | -0.1% | -29.11% | 减仓 |
| 19 | ENB | Enbridge Inc | -0.1% | -0.22% | 减仓 |
| 20 | DUK | Duke Energy CORP | -0.1% | +0.04% | 加仓 |
| 21 | KYN | Kayne Anderson Energy Infra | -0.1% | -1.94% | 减仓 |
| 22 | MCI | Barings Corporate Investors | -0.1% | -0.20% | 减仓 |
| 23 | HPI | John Hancock Prefer Inc | -0.1% | -1.52% | 减仓 |
| 24 | CLDX | Celldex Therapeutics Inc | -0.1% | -0.21% | 减仓 |
| 25 | XPER | Xperi Inc | -0.1% | -8.20% | 减仓 |
| 26 | PFE | Pfizer Inc | -0.1% | -35.37% | 减仓 |
| 27 | AMX | America Movil Sab De Cv | -0.1% | -2.41% | 减仓 |
| 28 | NGDN | New Gold Inc | -0.2% | -11.54% | 减仓 |
| 29 | BGH | Barings Glbl Shrt Dur Hi Yld | -0.2% | -1.57% | 减仓 |
| 30 | MNKD | Mannkind CORP | -0.2% | -0.70% | 减仓 |
| 31 | WU | Western Union Co | -0.2% | -23.44% | 减仓 |
| 32 | ADEA | Adeia Inc | -0.2% | +0.87% | 加仓 |
| 33 | WM | Waste Management Inc | -0.2% | -0.48% | 减仓 |
| 34 | CDE | Coeur Mining Inc | -0.4% | -3.04% | 减仓 |
| 35 | CTVA | Corteva Inc | -0.4% | -0.97% | 减仓 |
| 36 | MPV | Barings Participation Invest | -0.5% | -1.88% | 减仓 |
| 37 | CWCO | Consolidated Water Co. Ltd. | -0.5% | -1.14% | 减仓 |
| 38 | SSYS | Stratasys Ltd. | -0.5% | +15.23% | 加仓 |
| 39 | XYL | Xylem Inc | -0.6% | -0.70% | 减仓 |
| 40 | CIG | Cia Energetica De-spon Adr | -0.7% | -0.82% | 减仓 |
| 41 | BVN | Cia De Minas Buenaventur-adr | -0.9% | -17.39% | 减仓 |
| 42 | MLP | Maui Land & Pineapple Co | -0.9% | -0.10% | 减仓 |
| 43 | NVAX | Novavax Inc | -1% | -0.71% | 减仓 |
| 44 | AWK | American Water Works Co Inc | — | NEW | 新建仓 |
| 45 | ✓ | Assertio Holdings Inc | — | EXIT | 清仓 |
| 46 | AH30 | Assertio Holdings Inc | — | NEW | 新建仓 |
根据 SEC 官方 Form 13F 申报备案，TSP Capital Management Group, LLC 在 Q4 2025 季度的美股持仓总市值约为 US$4.2亿，共申报了 45 个公开持股仓位。
在 Q4 2025 季度，TSP Capital Management Group, LLC 按市值排列的前三大核心持股分别为：NGDN (7.5%)、TMQ (7.1%)、SLV (6.4%)。其中最大持股仓位 NGDN 占据整体投资组合约 7.5% 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
AWK
市值: US$155.9万
本季最大获利了结 / 清仓标的
ASSERTIO HOLDINGS INC
前期市值: US$27.9万
在 Q4 2025 季度中，TSP Capital Management Group, LLC 共进行了 42 项持仓异动，包含新建仓 2 个仓位、加仓 7 个仓位、减仓 32 个仓位以及清仓 1 个仓位。 其中最大新建仓标的为 AWK。 本季清仓仓位包含 ASSERTIO HOLDINGS INC。
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。