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: 0000902584
申報總市值
US$10.0億
US$10.0億
142 檔
14.0%
Advisory Research Inc 在 Q2 2025 季度的美股部位總計估值為 US$10.0億，分散於 142 個持倉標的之中，反映其市場參與廣度與投資規模。
Advisory Research Inc 於 Q2 2025 展現出進攻型調倉步調，本季推動了 7 檔股票的新建倉與 80 檔既有部位加碼，整體資金傾向擴大在美股市場的曝險佈局。
在資產配置集中度方面，Advisory Research Inc 的前 5 大核心持股（包含 BELFB, TRS, PM 等）合計佔整體申報市值的 14.0%，反映機構在主要關鍵部位上的權重分佈。
| # | 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 | BELFB | Bel Fuse Inc-cl B | 股票-其他 | 5.87% | +1.02% | +4.20% | |
| 2 | TRS | Trimas CORP | 股票-其他 | 4.60% | +0.49% | +5.44% | |
| 3 | PM | Philip Morris International | 股票-非循環性消費 | 4.11% | -0.23% | +12.60% | |
| 4 | AVGO | Broadcom Inc | 股票-科技 | 3.60% | +0.05% | +16.66% | |
| 5 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 3.36% | +0.62% | +15.18% | |
| 6 | OPLN | Openlane Inc | 股票-其他 | 3.15% | +1.72% | +3.42% | |
| 7 | PRSU | Pursuit Attractions And Hosp | 股票-其他 | 2.78% | +0.67% | +30.05% | |
| 8 | MTG | Mgic Investment CORP | 股票-金融 | 2.76% | -0.26% | +22.33% | |
| 9 | MSFT | Microsoft CORP | 股票-科技 | 2.48% | -0.31% | +17.51% | |
| 10 | JBTM | Jbt Marel CORP | 股票-工業 | 2.47% | +0.54% | -31.73% | |
| 11 | DJCO | Daily Journal CORP | 股票-其他 | 2.45% | +0.01% | +8.83% | |
| 12 | TPR | Tapestry Inc | 股票-循環性消費 | 2.37% | -0.29% | +15.79% | |
| 13 | LEGH | Legacy Housing CORP | 股票-其他 | 2.29% | +0.09% | +3.37% | |
| 14 | PHIN | Phinia Inc | 股票-循環性消費 | 2.25% | -0.31% | EXIT | |
| 15 | CME | Cme Group Inc | 股票-金融 | 2.17% | -0.87% | +31.95% | |
| 16 | SSBUSD | Southstate Bank CORP | 股票-其他 | 2.08% | — | +42.35% | |
| 17 | PFGC | Performance Food Group Co | 股票-非循環性消費 | 1.94% | +0.02% | -4.72% | |
| 18 | AEP | American Electric Power | 股票-公用事業 | 1.81% | -0.27% | +15.79% | |
| 19 | ABBV | Abbvie Inc | 股票-醫療保健 | 1.71% | -0.04% | +16.82% | |
| 20 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.69% | +0.08% | +51.31% | |
| 21 | KDP | Keurig Dr Pepper Inc | 股票-非循環性消費 | 1.68% | +0.11% | +17.47% | |
| 22 | EXP | Eagle Materials Inc | 股票-原物料 | 1.52% | -0.02% | +343.37% | |
| 23 | GSK | Gsk Plc-spon Adr | 股票-醫療保健 | 1.42% | -0.26% | +5.80% | |
| 24 | EEX | Emerald Holding Inc | 股票-其他 | 1.32% | -1.04% | EXIT | |
| 25 | HUBB | Hubbell Inc | 股票-工業 | 1.25% | -0.15% | +19.17% | |
| 26 | KB | Kb Financial Group Inc-adr | 股票-金融 | 1.24% | -0.18% | +5.47% | |
| 27 | SGOV | Ishares 0-3 Month Treasury B | ETF-政府公債 | 1.22% | +0.03% | +7.12% | |
| 28 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 1.15% | +0.02% | +14.29% | |
| 29 | VZ | Verizon Communications Inc | 股票-通訊服務 | 1.05% | — | -15.50% | |
| 30 | AAPL | Apple Inc | 股票-科技 | 1.03% | -0.03% | +16.30% | |
| 31 | FERG | Ferguson Enterprises Inc | 股票-工業 | 1.03% | -0.12% | +15.27% | |
| 32 | LAMR | Lamar Advertising Co-a | 股票-房地產 | 0.96% | +0.11% | +21.60% | |
| 33 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.93% | -0.22% | +14.38% | |
| 34 | FLUT | Flutter Entertainment plc | 股票-循環性消費 | 0.92% | — | +8.80% | |
| 35 | UL | Unilever PLC | 股票-非循環性消費 | 0.82% | — | +5.49% | |
| 36 | NIC | Nicolet Bankshares Inc | 股票-其他 | 0.81% | -0.08% | -3.47% | |
| 37 | SHV | Ishares 0-1 Year Treasury Bo | ETF-政府公債 | 0.71% | -0.09% | — | |
| 38 | VGSH | Vanguard Short-term Treasury | ETF-政府公債 | 0.63% | -0.05% | — | |
| 39 | VCIT | Vanguard Int-term Corporate | ETF-投資等級公司債 | 0.56% | -0.10% | +1.26% | |
| 40 | HMC | Honda Motor Co Ltd-spons Adr | 股票-循環性消費 | 0.55% | — | +10.41% | |
| 41 | HD | Home Depot Inc | 股票-循環性消費 | 0.54% | -0.06% | +27.13% | |
| 42 | WAL | Western Alliance Bancorp | 股票-金融 | 0.54% | -0.02% | -29.41% | |
| 43 | VOO | Vanguard S&p 500 ETF | ETF-大型股與成長 | 0.54% | -0.02% | +2.79% | |
| 44 | 1RG | Rev Group Inc | 股票-其他 | 0.53% | — | — | |
| 45 | DAC | Danaos Corporation | 股票-其他 | 0.49% | -0.08% | +50.42% | |
| 46 | IGIB | Ishares 5-10y Inv Grade CORP | ETF-投資等級公司債 | 0.47% | -0.07% | — | |
| 47 | ABG | Asbury Automotive Group | 股票-循環性消費 | 0.47% | -0.08% | -5.06% | |
| 48 | PBI | Pitney Bowes Inc | 股票-其他 | 0.46% | — | -5.54% | |
| 49 | ACA | Arcosa Inc | 股票-工業 | 0.45% | +0.01% | -4.46% | |
| 50 | FRME | First Merchants CORP | 股票-其他 | 0.44% | -0.04% | -4.88% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | AVGO | Broadcom Inc | +1.5% | +16.66% | 加碼 |
| 2 | EXP | Eagle Materials Inc | +1.1% | +343.37% | 加碼 |
| 3 | BELFB | Bel Fuse Inc-cl B | +0.9% | +4.20% | 加碼 |
| 4 | TSM | Taiwan Semiconductor-sp Adr | +0.9% | +15.18% | 加碼 |
| 5 | MSFT | Microsoft CORP | +0.7% | +17.51% | 加碼 |
| 6 | GOOGL | Alphabet Inc-cl A | +0.6% | +51.31% | 加碼 |
| 7 | 1RG | Rev Group Inc | +0.5% | NEW | 新建倉 |
| 8 | TRS | Trimas CORP | +0.5% | +5.44% | 加碼 |
| 9 | TPR | Tapestry Inc | +0.5% | +15.79% | 加碼 |
| 10 | PM | Philip Morris International | +0.5% | +12.60% | 加碼 |
| 11 | MTG | Mgic Investment CORP | +0.5% | +22.33% | 加碼 |
| 12 | OPLN | Openlane Inc | +0.4% | +3.42% | 加碼 |
| 13 | SSBUSD | Southstate Bank CORP | +0.4% | +42.35% | 加碼 |
| 14 | KB | Kb Financial Group Inc-adr | +0.4% | +5.47% | 加碼 |
| 15 | CME | Cme Group Inc | +0.4% | +31.95% | 加碼 |
| 16 | JEF | Jefferies Financial Group In | +0.3% | NEW | 新建倉 |
| 17 | ALKT | Alkami Technology Inc | +0.3% | NEW | 新建倉 |
| 18 | FERG | Ferguson Enterprises Inc | +0.3% | +15.27% | 加碼 |
| 19 | HUBB | Hubbell Inc | +0.3% | +19.17% | 加碼 |
| 20 | MYE | Myers Industries Inc | +0.3% | NEW | 新建倉 |
| 21 | MTN | Vail Resorts Inc | +0.3% | NEW | 新建倉 |
| 22 | META | Meta Platforms Inc-class A | +0.2% | +14.38% | 加碼 |
| 23 | ORCL | Oracle CORP | +0.2% | +49.10% | 加碼 |
| 24 | LRCX | Lam Research CORP | +0.2% | +47.23% | 加碼 |
| 25 | FLUT | Flutter Entertainment plc | +0.2% | +8.80% | 加碼 |
| 26 | DAC | Danaos Corporation | +0.2% | +50.42% | 加碼 |
| 27 | BELFA | Bel Fuse Inc-cl A | +0.2% | +46.81% | 加碼 |
| 28 | EME | Emcor Group Inc | +0.1% | +48.89% | 加碼 |
| 29 | ARES | Ares Management CORP - A | +0.1% | +37.05% | 加碼 |
| 30 | NTAP | Netapp Inc | +0.1% | +48.60% | 加碼 |
| 31 | LAMR | Lamar Advertising Co-a | +0.1% | +21.60% | 加碼 |
| 32 | STLD | Steel Dynamics Inc | +0.1% | +47.44% | 加碼 |
| 33 | NRG | Nrg Energy Inc | +0.1% | +7.30% | 加碼 |
| 34 | AX | Axos Financial Inc | +0.1% | +29.82% | 加碼 |
| 35 | EEX | Emerald Holding Inc | +0.1% | -1.60% | 減碼 |
| 36 | ACN | Accenture plc | +0.1% | +46.30% | 加碼 |
| 37 | LMT | Lockheed Martin CORP | +0.1% | +43.27% | 加碼 |
| 38 | HD | Home Depot Inc | +0.1% | +27.13% | 加碼 |
| 39 | MTDR | Matador Resources Co | +0.1% | +107.86% | 加碼 |
| 40 | SPY | Ss Spdr S&p 500 ETF Trust-us | 0% | NEW | 新建倉 |
| 41 | EHC | Encompass Health CORP | 0% | +7.30% | 加碼 |
| 42 | NVT | nVent Electric plc | 0% | +7.35% | 加碼 |
| 43 | 9HI | Hillenbrand Inc | 0% | +72.87% | 加碼 |
| 44 | PRGS | Progress Software CORP | 0% | +7.22% | 加碼 |
| 45 | CGBD | Carlyle Secured Lending Inc | 0% | NEW | 新建倉 |
| 46 | DJCO | Daily Journal CORP | 0% | +8.83% | 加碼 |
| 47 | HMC | Honda Motor Co Ltd-spons Adr | 0% | +10.41% | 加碼 |
| 48 | JPM | Jpmorgan Chase & Co | 0% | -1.91% | 減碼 |
| 49 | AEO | American Eagle Outfitters | 0% | +42.47% | 加碼 |
| 50 | RRX | Regal Rexnord CORP | 0% | -1.49% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Advisory Research Inc 在 Q2 2025 季度的美股持倉總市值約為 US$10.0億，共申報了 142 個公開持股部位。
在 Q2 2025 季度，Advisory Research Inc 按市值排列的前三大核心持股分別為：BELFB (5.9%)、TRS (4.6%)、PM (4.1%)。其中最大持股部位 BELFB 佔據整體投資組合約 5.9% 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
1RG
市值: US$345.4萬
本季最大獲利了結 / 清倉標的
ACWI
前期市值: US$1168.3萬
在 Q2 2025 季度中，Advisory Research Inc 共進行了 142 項持倉異動，包含新建倉 7 個部位、加碼 80 個部位、減碼 42 個部位以及清倉 13 個部位。 其中最大新建倉標的為 1RG。 本季清倉部位包含 ACWI。
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。