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: 0001998389
申報總市值
US$2.5億
US$2.5億
52 檔
14.6%
Q4 2025 季度申報顯示，Ballast Asset Management, LP 揭露的美股組合總市值為 US$2.5億，涵蓋 52 個不同之權益投資部位。
Ballast Asset Management, LP 在 Q4 2025 的調整主要集中於風險出清，清倉與減碼部位合計達 49 檔，反映機構對當前市場環境或個別公司估值採取較為保留之看法。
整體而言，Ballast Asset Management, LP 的前 5 大持股（包含 CLMB, NRP, BELFB）貢獻了組合市值的 14.6%，形成該機構在 Q4 2025 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 | CLMB | Climb Global Solutions Inc | 股票-其他 | 3.73% | +0.10% | -3.68% | |
| 2 | NRP | Natural Resource Partners LP | 股票-其他 | 3.56% | -1.20% | -4.83% | |
| 3 | BELFB | Bel Fuse Inc-cl B | 股票-其他 | 3.37% | +1.03% | -17.76% | |
| 4 | TPB | Turning Point Brands Inc | 股票-其他 | 3.34% | -0.34% | -3.42% | |
| 5 | CVCO | Cavco Industries Inc | 股票-循環性消費 | 3.30% | +0.33% | -3.49% | |
| 6 | AGM | Federal Agric Mtg Corp-cl C | 股票-其他 | 2.90% | +0.48% | -3.53% | |
| 7 | AZZ | Azz Inc | 股票-工業 | 2.77% | +0.31% | -3.36% | |
| 8 | BCO | Brink's Co/the | 股票-工業 | 2.73% | -0.45% | -3.40% | |
| 9 | RGLD | Royal Gold Inc | 股票-原物料 | 2.70% | -1.46% | -3.42% | |
| 10 | GPGI | Gpgi Inc | 股票-其他 | 2.58% | +0.15% | -3.45% | |
| 11 | PATK | Patrick Industries Inc | 股票-循環性消費 | 2.49% | -0.70% | -3.39% | |
| 12 | ECVT | Ecovyst Inc | 股票-其他 | 2.49% | -0.44% | -3.44% | |
| 13 | CBNK | Capital Bancorp Inc/md | 股票-其他 | 2.46% | +0.12% | -3.61% | |
| 14 | SEI | Solaris Energy Infrastructur | 股票-能源 | 2.45% | -0.44% | -37.82% | |
| 15 | COLL | Collegium Pharmaceutical Inc | 股票-其他 | 2.42% | -0.05% | -3.39% | |
| 16 | LSTR | Landstar System Inc | 股票-工業 | 2.27% | +0.36% | -3.34% | |
| 17 | MTUS | Metallus Inc | 股票-其他 | 2.26% | +0.03% | -3.42% | |
| 18 | MBIN | Merchants Bancorp/in | 股票-其他 | 2.14% | +0.09% | -3.33% | |
| 19 | EXP | Eagle Materials Inc | 股票-原物料 | 2.10% | +0.10% | -3.19% | |
| 20 | TEX | Terex CORP | 股票-工業 | 2.09% | +0.19% | -3.19% | |
| 21 | CNR | Core Natural Resources Inc | 股票-能源 | 2.08% | -0.76% | -3.32% | |
| 22 | MTG | Mgic Investment CORP | 股票-金融 | 2.01% | -0.09% | -3.39% | |
| 23 | GEO | Geo Group Inc/the | 股票-其他 | 1.96% | -0.03% | +42.52% | |
| 24 | ✓ | Ferroglobe PLC | 股票-其他 | 1.86% | -0.81% | -3.35% | |
| 25 | GBTG | Global Business Travel Group | 股票-其他 | 1.77% | -1.24% | EXIT | |
| 26 | CRTO | Criteo Sa-spon Adr | 股票-其他 | 1.77% | +0.01% | -3.29% | |
| 27 | EPSN | Epsilon Energy LTD | 股票-其他 | 1.74% | -0.49% | +43.19% | |
| 28 | EPR | Epr Properties | 股票-房地產 | 1.74% | +0.05% | -3.33% | |
| 29 | BLCO | Bausch + Lomb CORP | 股票-其他 | 1.73% | -0.11% | -3.31% | |
| 30 | HLMN | Hillman Solutions CORP | 股票-其他 | 1.72% | +0.35% | -3.35% | |
| 31 | KN | Knowles CORP | 股票-其他 | 1.69% | -0.65% | -2.96% | |
| 32 | G | Genpact Limited | 股票-科技 | 1.67% | -0.07% | -3.36% | |
| 33 | IRMD | Iradimed CORP | 股票-其他 | 1.67% | -1.59% | EXIT | |
| 34 | MLI | Mueller Industries Inc | 股票-工業 | 1.58% | +0.51% | -3.40% | |
| 35 | RHLD | Resolute Holdings Manag | 股票-其他 | 1.54% | — | -3.33% | |
| 36 | BRKR | Bruker CORP | 股票-醫療保健 | 1.49% | +0.69% | -3.29% | |
| 37 | OZK | Bank Ozk | 股票-金融 | 1.45% | +0.01% | -3.23% | |
| 38 | DCI | Donaldson Co Inc | 股票-工業 | 1.43% | -0.09% | -3.42% | |
| 39 | QDEL | Quidelortho CORP | 股票-其他 | 1.33% | -0.06% | +23.44% | |
| 40 | ATNI | Atn International Inc | 股票-其他 | 1.32% | -0.23% | -3.41% | |
| 41 | RCMT | Rcm Technologies Inc | 股票-其他 | 1.30% | +0.43% | -3.41% | |
| 42 | TRIP | Tripadvisor Inc | 股票-其他 | 1.23% | +0.12% | -3.34% | |
| 43 | PHIN | Phinia Inc | 股票-循環性消費 | 1.22% | +0.09% | -3.37% | |
| 44 | CCSI | Consensus Cloud Solution | 股票-其他 | 1.20% | +0.75% | -3.41% | |
| 45 | IPGP | Ipg Photonics CORP | 股票-科技 | 1.14% | -0.12% | -3.23% | |
| 46 | EXTR | Extreme Networks Inc | 股票-其他 | 1.07% | +0.85% | -3.33% | |
| 47 | IMKTA | Ingles Markets Inc-class A | 股票-其他 | 1.01% | -0.16% | -3.36% | |
| 48 | CASS | Cass Information Systems Inc | 股票-其他 | 0.98% | +0.58% | -3.38% | |
| 49 | CBT | Cabot CORP | 股票-原物料 | 0.89% | +0.53% | -3.35% | |
| 50 | ASIX | Advansix Inc | 股票-其他 | 0.87% | -0.35% | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | RHLD | Resolute Holdings Manag | +1% | -3.33% | 減碼 |
| 2 | COLL | Collegium Pharmaceutical Inc | +0.6% | -3.39% | 減碼 |
| 3 | BRKR | Bruker CORP | +0.5% | -3.29% | 減碼 |
| 4 | EPSN | Epsilon Energy LTD | +0.5% | +43.19% | 加碼 |
| 5 | ATNI | Atn International Inc | +0.5% | -3.41% | 減碼 |
| 6 | IRMD | Iradimed CORP | +0.5% | -3.25% | 減碼 |
| 7 | LSTR | Landstar System Inc | +0.3% | -3.34% | 減碼 |
| 8 | TPB | Turning Point Brands Inc | +0.3% | -3.42% | 減碼 |
| 9 | GEO | Geo Group Inc/the | +0.3% | +42.52% | 加碼 |
| 10 | RGLD | Royal Gold Inc | +0.3% | -3.42% | 減碼 |
| 11 | QDEL | Quidelortho CORP | +0.3% | +23.44% | 加碼 |
| 12 | ECVT | Ecovyst Inc | +0.3% | -3.44% | 減碼 |
| 13 | BLCO | Bausch + Lomb CORP | +0.2% | -3.31% | 減碼 |
| 14 | MLI | Mueller Industries Inc | +0.2% | -3.40% | 減碼 |
| 15 | G | Genpact Limited | +0.2% | -3.36% | 減碼 |
| 16 | MBIN | Merchants Bancorp/in | +0.1% | -3.33% | 減碼 |
| 17 | AMR | Alpha Metallurgical Resource | +0.1% | — | 不變 |
| 18 | CNR | Core Natural Resources Inc | +0.1% | -3.32% | 減碼 |
| 19 | PATK | Patrick Industries Inc | +0.1% | -3.39% | 減碼 |
| 20 | AGM | Federal Agric Mtg Corp-cl C | +0.1% | -3.53% | 減碼 |
| 21 | DCI | Donaldson Co Inc | +0.1% | -3.42% | 減碼 |
| 22 | PHIN | Phinia Inc | +0.1% | -3.37% | 減碼 |
| 23 | BELFB | Bel Fuse Inc-cl B | +0.1% | -17.76% | 減碼 |
| 24 | TEX | Terex CORP | +0.1% | -3.19% | 減碼 |
| 25 | MTUS | Metallus Inc | +0.1% | -3.42% | 減碼 |
| 26 | CVCO | Cavco Industries Inc | +0.1% | -3.49% | 減碼 |
| 27 | MTG | Mgic Investment CORP | +0.1% | -3.39% | 減碼 |
| 28 | CASS | Cass Information Systems Inc | +0.1% | -3.38% | 減碼 |
| 29 | ✓ | Ferroglobe PLC | 0% | -3.35% | 減碼 |
| 30 | BCO | Brink's Co/the | — | -3.40% | 減碼 |
| 31 | IMKTA | Ingles Markets Inc-class A | 0% | -3.36% | 減碼 |
| 32 | AZZ | Azz Inc | -0.1% | -3.36% | 減碼 |
| 33 | NRP | Natural Resource Partners LP | -0.1% | -4.83% | 減碼 |
| 34 | HLMN | Hillman Solutions CORP | -0.1% | -3.35% | 減碼 |
| 35 | GBTG | Global Business Travel Group | -0.1% | -3.26% | 減碼 |
| 36 | IPGP | Ipg Photonics CORP | -0.1% | -3.23% | 減碼 |
| 37 | CBT | Cabot CORP | -0.1% | -3.35% | 減碼 |
| 38 | KN | Knowles CORP | -0.1% | -2.96% | 減碼 |
| 39 | TRIP | Tripadvisor Inc | -0.1% | -3.34% | 減碼 |
| 40 | OZK | Bank Ozk | -0.2% | -3.23% | 減碼 |
| 41 | CRTO | Criteo Sa-spon Adr | -0.2% | -3.29% | 減碼 |
| 42 | GPGI | Gpgi Inc | -0.2% | -3.45% | 減碼 |
| 43 | EXP | Eagle Materials Inc | -0.3% | -3.19% | 減碼 |
| 44 | EXTR | Extreme Networks Inc | -0.3% | -3.33% | 減碼 |
| 45 | EPR | Epr Properties | -0.3% | -3.33% | 減碼 |
| 46 | CBNK | Capital Bancorp Inc/md | -0.3% | -3.61% | 減碼 |
| 47 | RCMT | Rcm Technologies Inc | -0.4% | -3.41% | 減碼 |
| 48 | KOS | Kosmos Energy LTD | -0.4% | +17.39% | 加碼 |
| 49 | CCSI | Consensus Cloud Solution | -0.4% | -3.41% | 減碼 |
| 50 | SEI | Solaris Energy Infrastructur | -0.9% | -37.82% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Ballast Asset Management, LP 在 Q4 2025 季度的美股持倉總市值約為 US$2.5億，共申報了 52 個公開持股部位。
在 Q4 2025 季度，Ballast Asset Management, LP 按市值排列的前三大核心持股分別為：CLMB (3.7%)、NRP (3.6%)、BELFB (3.4%)。其中最大持股部位 CLMB 佔據整體投資組合約 3.7% 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。
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本季最大獲利了結 / 清倉標的
DOX
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在 Q4 2025 季度中，Ballast Asset Management, LP 共進行了 54 項持倉異動，包含新建倉 1 個部位、加碼 4 個部位、減碼 46 個部位以及清倉 3 個部位。 其中最大新建倉標的為 ASIX。 本季清倉部位包含 DOX。
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。