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: 0001396835
申報總市值
US$16.0億
US$16.0億
70 檔
27.5%
根據最新整理的 13F 季度數據集，Alpine Associates Management Inc. 於 Q1 2026 結束時的管理資產規模為 US$16.0億。該機構在本季度申報了 70 檔美股持倉，呈現出該時期的主要投資地圖。
Q1 2026 的申報記錄反映 Alpine Associates Management Inc. 的板塊替換策略：機構本季推動了 61 筆增持與 45 筆減持，籌碼呈現明顯的結構重組。
整體而言，Alpine Associates Management Inc. 的前 5 大持股（包含 NSC, AL, GTLS）貢獻了組合市值的 27.5%，形成該機構在 Q1 2026 季度的基本面基石。
| # | 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 | NSC | Norfolk Southern CORP | 股票-工業 | 7.86% | +1.23% | -0.79% | |
| 2 | AL | Air Lease CORP | 股票-其他 | 5.29% | -5.29% | EXIT | |
| 3 | GTLS | Chart Industries Inc | 股票-工業 | 5.23% | +1.23% | -0.51% | |
| 4 | EA | Electronic Arts Inc | 股票-通訊服務 | 3.86% | -0.53% | +18.19% | |
| 5 | QRVO | Qorvo Inc | 股票-科技 | 3.66% | +1.00% | +93.12% | |
| 6 | UNF | Unifirst Corp/ma | 股票-其他 | 3.22% | +0.68% | — | |
| 7 | KVUE | Kenvue Inc | 股票-非循環性消費 | 3.02% | +0.63% | +37.52% | |
| 8 | VAL | Valaris Limited | 股票-能源 | 2.73% | -0.59% | — | |
| 9 | SLAB | Silicon Laboratories Inc | 股票-科技 | 2.73% | +1.36% | — | |
| 10 | ACLXGBX | Arcellx Inc | 股票-其他 | 2.56% | -2.56% | EXIT | |
| 11 | PEN | Penumbra Inc | 股票-醫療保健 | 2.55% | +1.19% | — | |
| 12 | WBD | Warner Bros Discovery Inc | 股票-通訊服務 | 2.53% | +0.33% | +174.50% | |
| 13 | APLSUSD | Apellis Pharmaceuticals Inc | 股票-其他 | 2.05% | -2.05% | EXIT | |
| 14 | 260 | Centessa Pharmaceuticals-adr | 股票-其他 | 2.03% | -2.03% | EXIT | |
| 15 | SKYT | Skywater Technology Inc | 股票-其他 | 1.98% | +0.98% | — | |
| 16 | MASI* | Masimo CORP | 股票-其他 | 1.98% | -1.98% | EXIT | |
| 17 | HO1 | Hologic Inc | 股票-其他 | 1.93% | -1.93% | EXIT | |
| 18 | ✓ | Csg Systems International In | 股票-其他 | 1.90% | -1.90% | EXIT | |
| 19 | ZIM | ZIM Integrated Shipping Services Ltd. | 股票-其他 | 1.84% | -0.32% | — | |
| 20 | JHG | Janus Henderson Group plc | 股票-金融 | 1.79% | +0.12% | +127.11% | |
| 21 | TXNM | Txnm Energy Inc | 股票-公用事業 | 1.76% | -0.22% | +1.05% | |
| 22 | CWAN | Clearwater Analytics Holdings, Inc. | 股票-科技 | 1.76% | -1.76% | EXIT | |
| 23 | WBS | Webster Financial CORP | 股票-金融 | 1.70% | +1.93% | — | |
| 24 | BHF | Brighthouse Financial Inc | 股票-金融 | 1.60% | +0.35% | +21.81% | |
| 25 | AES | Aes CORP | 股票-公用事業 | 1.57% | +0.33% | — | |
| 26 | SDA | Sealed Air CORP | 股票-循環性消費 | 1.55% | -1.55% | EXIT | |
| 27 | AAUC | Allied Gold CORP | 股票-其他 | 1.53% | -0.95% | — | |
| 28 | 8TG | Thermon Group Holdings Inc | 股票-其他 | 1.44% | -1.44% | EXIT | |
| 29 | LBRDK | Liberty Broadband-c | 股票-通訊服務 | 1.40% | -0.42% | -0.46% | |
| 30 | PRA | Proassurance CORP | 股票-其他 | 1.38% | -1.38% | EXIT | |
| 31 | AM6 | Amicus Therapeutics Inc | 股票-其他 | 1.36% | -1.36% | EXIT | |
| 32 | UTE0 | Cantaloupe Inc | 股票-其他 | 1.32% | -1.32% | EXIT | |
| 33 | DBRG | Digitalbridge Group Inc | 股票-金融 | 1.32% | +0.20% | +282.19% | |
| 34 | K4F | Onestream Inc | 股票-其他 | 1.30% | -1.30% | EXIT | |
| 35 | NATL | Ncr Atleos CORP | 股票-科技 | 1.22% | +0.59% | — | |
| 36 | DAWNGBX | Day One Biopharmaceuticals I | 股票-其他 | 1.17% | -1.17% | EXIT | |
| 37 | STKL | Sunopta Inc | 股票-其他 | 1.13% | -1.13% | EXIT | |
| 38 | SEM | Select Medical Holdings CORP | 股票-其他 | 1.13% | +0.22% | — | |
| 39 | SSTK | Shutterstock Inc | 股票-其他 | 1.12% | -0.13% | -1.30% | |
| 40 | 628 | Semrush Holdings Inc-a | 股票-其他 | 1.12% | -1.12% | EXIT | |
| 41 | SNCY | Sun Country Airlines Holding | 股票-其他 | 1.10% | -1.10% | EXIT | |
| 42 | NSA | National Storage Affiliates | 股票-房地產 | 1.06% | +0.26% | — | |
| 43 | VRSK | Verisk Analytics, Inc. | 股票-工業 | 0.83% | -0.83% | EXIT | |
| 44 | SIMO | Silicon Motion Technol-adr | 股票-其他 | 0.77% | -0.77% | EXIT | |
| 45 | SUNC | Sunococorp LLC | 股票-其他 | 0.68% | -0.14% | +225.36% | |
| 46 | TALK | Talkspace Inc | 股票-其他 | 0.57% | +0.16% | — | |
| 47 | IMXI | International Money Express | 股票-其他 | 0.56% | +0.33% | +53.97% | |
| 48 | AHQ | American Woodmark CORP | 股票-其他 | 0.53% | -0.53% | EXIT | |
| 49 | CDE | Coeur Mining Inc | 股票-原物料 | 0.45% | -0.45% | EXIT | |
| 50 | TWO | Two Harbors Investment CORP | 股票-其他 | 0.45% | +0.06% | +39.96% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | ✓ | Csg Systems International In | +1.7% | +747.40% | 加碼 |
| 2 | WBD | Warner Bros Discovery Inc | +1.4% | +174.50% | 加碼 |
| 3 | QRVO | Qorvo Inc | +1.3% | +93.12% | 加碼 |
| 4 | CWAN | Clearwater Analytics Holdings, Inc. | +1.1% | +228.68% | 加碼 |
| 5 | JHG | Janus Henderson Group plc | +1% | +127.11% | 加碼 |
| 6 | DBRG | Digitalbridge Group Inc | +0.9% | +282.19% | 加碼 |
| 7 | KVUE | Kenvue Inc | +0.5% | +37.52% | 加碼 |
| 8 | AL | Air Lease CORP | +0.5% | +23.57% | 加碼 |
| 9 | SUNC | Sunococorp LLC | +0.5% | +225.36% | 加碼 |
| 10 | AM6 | Amicus Therapeutics Inc | +0.5% | +68.16% | 加碼 |
| 11 | 628 | Semrush Holdings Inc-a | +0.4% | +80.01% | 加碼 |
| 12 | SDA | Sealed Air CORP | +0.4% | +46.31% | 加碼 |
| 13 | SIMO | Silicon Motion Technol-adr | +0.3% | +46.14% | 加碼 |
| 14 | EA | Electronic Arts Inc | +0.2% | +18.19% | 加碼 |
| 15 | IMXI | International Money Express | +0.2% | +53.97% | 加碼 |
| 16 | TWO | Two Harbors Investment CORP | +0.1% | +39.96% | 加碼 |
| 17 | 7WH | Udemy Inc | +0.1% | +108.39% | 加碼 |
| 18 | PRA | Proassurance CORP | 0% | +13.12% | 加碼 |
| 19 | BHF | Brighthouse Financial Inc | 0% | +21.81% | 加碼 |
| 20 | GETY | Getty Images Holdings Inc | 0% | -0.37% | 減碼 |
| 21 | AXTA | Axalta Coating Systems Ltd. | 0% | -0.37% | 減碼 |
| 22 | UTE0 | Cantaloupe Inc | 0% | +8.78% | 加碼 |
| 23 | GENVR | Gen Digital Inc - Cvr | -0.1% | — | 不變 |
| 24 | LBRDK | Liberty Broadband-c | -0.1% | -0.46% | 減碼 |
| 25 | TXNM | Txnm Energy Inc | -0.2% | +1.05% | 加碼 |
| 26 | HO1 | Hologic Inc | -0.2% | -0.72% | 減碼 |
| 27 | AHQ | American Woodmark CORP | -0.3% | -0.46% | 減碼 |
| 28 | SSTK | Shutterstock Inc | -0.4% | -1.30% | 減碼 |
| 29 | GTLS | Chart Industries Inc | -0.7% | -0.51% | 減碼 |
| 30 | NSC | Norfolk Southern CORP | -1.1% | -0.79% | 減碼 |
| 31 | ✓ | Cyberark Software LTD. Cmn | — | EXIT | 清倉 |
| 32 | EXK | Exact Sciences CORP | — | EXIT | 清倉 |
| 33 | NGDN | New Gold Inc | — | EXIT | 清倉 |
| 34 | FYBR | Frontier Communications Pare | — | EXIT | 清倉 |
| 35 | BA | Boeing Co/the | — | EXIT | 清倉 |
| 36 | RNAGBP | Avidity Biosciences Inc | — | EXIT | 清倉 |
| 37 | UNF | Unifirst Corp/ma | — | NEW | 新建倉 |
| 38 | VAL | Valaris Limited | — | NEW | 新建倉 |
| 39 | SLAB | Silicon Laboratories Inc | — | NEW | 新建倉 |
| 40 | CDTX | Cidara Therapeutics Inc | — | EXIT | 清倉 |
| 41 | ACLXGBX | Arcellx Inc | — | NEW | 新建倉 |
| 42 | PEN | Penumbra Inc | — | NEW | 新建倉 |
| 43 | APLSUSD | Apellis Pharmaceuticals Inc | — | NEW | 新建倉 |
| 44 | 260 | Centessa Pharmaceuticals-adr | — | NEW | 新建倉 |
| 45 | SKYT | Skywater Technology Inc | — | NEW | 新建倉 |
| 46 | MASI* | Masimo CORP | — | NEW | 新建倉 |
| 47 | ZIM | ZIM Integrated Shipping Services Ltd. | — | NEW | 新建倉 |
| 48 | WBS | Webster Financial CORP | — | NEW | 新建倉 |
| 49 | AES | Aes CORP | — | NEW | 新建倉 |
| 50 | AAUC | Allied Gold CORP | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Alpine Associates Management Inc. 在 Q1 2026 季度的美股持倉總市值約為 US$16.0億，共申報了 70 個公開持股部位。
在 Q1 2026 季度，Alpine Associates Management Inc. 按市值排列的前三大核心持股分別為：NSC (7.9%)、AL (5.3%)、GTLS (5.2%)。其中最大持股部位 NSC 佔據整體投資組合約 7.9% 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
UNF
市值: US$5460.8萬
本季最大獲利了結 / 清倉標的
CYBERARK SOFTWARE LTD. CMN
前期市值: US$8491.0萬
在 Q1 2026 季度中，Alpine Associates Management Inc. 共進行了 106 項持倉異動，包含新建倉 40 個部位、加碼 21 個部位、減碼 8 個部位以及清倉 37 個部位。 其中最大新建倉標的為 UNF。 本季清倉部位包含 CYBERARK SOFTWARE LTD. CMN。
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。