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: 0001105907
申報總市值
US$4.5億
US$4.5億
160 檔
12.7%
Q3 2025 季度申報顯示，Bard Associates Inc 揭露的美股組合總市值為 US$4.5億，涵蓋 160 個不同之權益投資部位。
Bard Associates Inc 在 Q3 2025 的調整主要集中於風險出清，清倉與減碼部位合計達 155 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，Bard Associates Inc 的前 5 大持股（包含 PFF, XFFCX, BIZD）貢獻了組合市值的 12.7%，形成該機構在 Q3 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 | PFF | Ishares Preferred & Income S | ETF-其他 | 3.94% | -0.57% | +112.28% | |
| 2 | XFFCX | Flaherty & Crumrine Pref Inc | 股票-其他 | 3.83% | -0.29% | +91.82% | |
| 3 | BIZD | Vaneck Bdc Income ETF | ETF-其他 | 2.65% | -0.02% | +33.24% | |
| 4 | ENSG | Ensign Group Inc/the | 股票-醫療保健 | 2.45% | -0.74% | -37.08% | |
| 5 | COHR | Coherent CORP | 股票-科技 | 2.34% | +1.45% | -8.40% | |
| 6 | JAAA | Janus Henderson Aaa Clo ETF | ETF-其他 | 2.34% | -0.69% | +120.01% | |
| 7 | MAMA | Mama's Creations Inc | 股票-其他 | 2.01% | +0.03% | -1.80% | |
| 8 | KTOS | Kratos Defense & Security | 股票-工業 | 1.98% | -0.48% | -11.11% | |
| 9 | WLDN | Willdan Group Inc | 股票-其他 | 1.91% | — | EXIT | |
| 10 | OR | Or Royalties Inc | 股票-其他 | 1.89% | -0.42% | -9.34% | |
| 11 | SCHO | Schwab Short-term US Treas | ETF-其他 | 1.79% | +0.40% | — | |
| 12 | REZ | Ishars Res And Multi Reales | ETF-其他 | 1.76% | +0.04% | +904.44% | |
| 13 | AMPG | Amplitech Group Inc | 股票-其他 | 1.68% | +1.52% | +0.06% | |
| 14 | ODC | Oil-dri CORP Of America | 股票-其他 | 1.67% | +0.60% | -5.75% | |
| 15 | VNQ | Vanguard Real Estate ETF | ETF-其他 | 1.66% | -0.12% | +1761.35% | |
| 16 | TGEN | Tecogen Inc/waltham Ma | 股票-其他 | 1.61% | +0.35% | +10.75% | |
| 17 | TPZ | Tort Electf Infra Etf-usd In | ETF-其他 | 1.60% | -0.17% | -1.34% | |
| 18 | GPGI | Gpgi Inc | 股票-其他 | 1.60% | -0.22% | -0.92% | |
| 19 | BKTI | Bk Technologies CORP | 股票-其他 | 1.57% | +0.02% | -20.24% | |
| 20 | WPM | Wheaton Precious Metals CORP | 股票-原物料 | 1.46% | -0.35% | -15.16% | |
| 21 | AEHR | Aehr Test Systems | 股票-其他 | 1.45% | +1.68% | -6.64% | |
| 22 | FIP | Ftai Infrastructure Inc | 股票-其他 | 1.41% | -0.27% | +12.18% | |
| 23 | LEGH | Legacy Housing CORP | 股票-其他 | 1.33% | +0.13% | -2.22% | |
| 24 | TYG | Tortoise Energy Infrastruct | 股票-其他 | 1.31% | -0.59% | +584.04% | |
| 25 | OSS | One Stop Systems Inc | 股票-其他 | 1.30% | +1.09% | -3.22% | |
| 26 | KYN | Kayne Anderson Energy Infra | 股票-其他 | 1.29% | -0.18% | +462.69% | |
| 27 | GDXJ | Vaneck Junior Gold Miners | ETF-避險與商品 | 1.29% | -0.32% | -28.01% | |
| 28 | MPTI | M-tron Industries Inc | 股票-其他 | 1.28% | -0.45% | -0.06% | |
| 29 | AROC | Archrock Inc | 股票-能源 | 1.27% | +0.04% | -2.90% | |
| 30 | AMLP | Alerian Mlp ETF | ETF-其他 | 1.26% | -0.31% | +774.86% | |
| 31 | EQX | Equinox Gold CORP | 股票-其他 | 1.24% | -0.58% | -3.13% | |
| 32 | ACU | Acme United CORP | 股票-其他 | 1.21% | -0.09% | -1.94% | |
| 33 | CSV | Carriage Services Inc | 股票-其他 | 1.21% | -0.30% | -4.93% | |
| 34 | USAC | USA Compression Partners LP | 股票-其他 | 1.19% | -0.18% | -0.08% | |
| 35 | NEE | Nextera Energy Inc | 股票-公用事業 | 1.16% | -0.31% | +156.62% | |
| 36 | LGCY | Legacy Education Inc | 股票-其他 | 1.15% | -0.25% | -5.79% | |
| 37 | ✓ | Mobilicom American Depositary Shares | 股票-其他 | 1.14% | — | -22.45% | |
| 38 | ACNT | Ascent Industries Co | 股票-其他 | 1.12% | -0.02% | +90.02% | |
| 39 | KWY | Kingsway CORP | 股票-其他 | 1.09% | -0.08% | -1.30% | |
| 40 | VPU | Vanguard Utilities ETF | ETF-其他 | 1.08% | -0.15% | +122.03% | |
| 41 | CXDO | Crexendo Inc | 股票-其他 | 1.06% | -0.33% | -1.34% | |
| 42 | USPH | U.s. Physical Therapy Inc | 股票-其他 | 1.04% | -0.16% | -4.46% | |
| 43 | PCYO | Pure Cycle CORP | 股票-其他 | 0.99% | -0.05% | -1.68% | |
| 44 | LGL | Lgl Group Inc/the | 股票-其他 | 0.90% | -0.10% | -1.40% | |
| 45 | RGLD | Royal Gold Inc | 股票-原物料 | 0.86% | -0.28% | -1.80% | |
| 46 | ASM | Avino Silver & Gold Mines | 股票-其他 | 0.81% | — | EXIT | |
| 47 | SMID | Smith-midland CORP | 股票-其他 | 0.80% | -0.15% | -0.37% | |
| 48 | CMT | Core Molding Technologies In | 股票-其他 | 0.71% | -0.07% | — | |
| 49 | VENU | Venu Holding CORP | 股票-其他 | 0.67% | -0.06% | -0.10% | |
| 50 | INLX | Intellinetics Inc | 股票-其他 | 0.66% | -0.21% | -0.12% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | PFF | Ishares Preferred & Income S | +3.7% | +112.28% | 加碼 |
| 2 | XFFCX | Flaherty & Crumrine Pref Inc | +3.5% | +91.82% | 加碼 |
| 3 | BIZD | Vaneck Bdc Income ETF | +2.4% | +33.24% | 加碼 |
| 4 | VNQ | Vanguard Real Estate ETF | +1.6% | +1761.35% | 加碼 |
| 5 | REZ | Ishars Res And Multi Reales | +1.5% | +904.44% | 加碼 |
| 6 | TYG | Tortoise Energy Infrastruct | +1.1% | +584.04% | 加碼 |
| 7 | AMLP | Alerian Mlp ETF | +1.1% | +774.86% | 加碼 |
| 8 | KYN | Kayne Anderson Energy Infra | +1% | +462.69% | 加碼 |
| 9 | KTOS | Kratos Defense & Security | +1% | -11.11% | 減碼 |
| 10 | ✓ | Mobilicom American Depositary Shares | +0.8% | -22.45% | 減碼 |
| 11 | AMPG | Amplitech Group Inc | +0.7% | +0.06% | 減碼 |
| 12 | NEE | Nextera Energy Inc | +0.6% | +156.62% | 加碼 |
| 13 | VPU | Vanguard Utilities ETF | +0.5% | +122.03% | 加碼 |
| 14 | OSS | One Stop Systems Inc | +0.4% | -3.22% | 減碼 |
| 15 | GPGI | Gpgi Inc | +0.4% | -0.92% | 減碼 |
| 16 | ASM | Avino Silver & Gold Mines | +0.3% | -12.98% | 減碼 |
| 17 | KWY | Kingsway CORP | +0.2% | -1.30% | 減碼 |
| 18 | MOBBW | Mobilicom LTD -27 | +0.2% | — | 減碼 |
| 19 | COHR | Coherent CORP | +0.1% | -8.40% | 減碼 |
| 20 | INLX | Intellinetics Inc | +0.1% | -0.12% | 加碼 |
| 21 | CDE | Coeur Mining Inc | +0.1% | -12.78% | 減碼 |
| 22 | MAMA | Mama's Creations Inc | +0.1% | -1.80% | 減碼 |
| 23 | NEM | Newmont CORP | +0.1% | -2.22% | 減碼 |
| 24 | INDS | Pacer Industrial Real Estate | +0.1% | +80.33% | 加碼 |
| 25 | NEPH | Nephros Inc | +0.1% | -3.05% | 減碼 |
| 26 | EQX | Equinox Gold CORP | +0.1% | -3.13% | 減碼 |
| 27 | EVI | Evi Industries Inc | 0% | +0.48% | 加碼 |
| 28 | PAYS | Paysign Inc | 0% | +0.36% | 加碼 |
| 29 | AYS1 | Sandstorm Gold LTD | 0% | — | 不變 |
| 30 | HBM | Hudbay Minerals Inc | — | -31.07% | 減碼 |
| 31 | INFU | Infusystem Holdings Inc | — | -2.63% | 減碼 |
| 32 | EDBLW | Edible Garden AG Inc-cw27 | — | — | 減碼 |
| 33 | BFRIW | Biofrontera Inc -cw26 | — | — | 減碼 |
| 34 | AMPGW | Amplitech Group Inc-cw26 | — | -0.66% | 減碼 |
| 35 | ✓ | Pyxis Tankers Inc | — | — | 減碼 |
| 36 | NCPLW | Netcapital Inc -27 | — | -0.03% | 減碼 |
| 37 | CELH | Celsius Holdings Inc | 0% | — | 減碼 |
| 38 | UWM | Proshares Ultra Russell2000 | 0% | -1.73% | 減碼 |
| 39 | RDVT | Red Violet Inc | 0% | +0.65% | 減碼 |
| 40 | FTLF | Fitlife Brands Inc | 0% | +3.48% | 減碼 |
| 41 | ✓ | Data Storage CORP | 0% | — | 減碼 |
| 42 | KRMD | Koru Medical Systems Inc | 0% | — | 減碼 |
| 43 | SLI | Standard Lithium LTD | 0% | -25.81% | 減碼 |
| 44 | JOF | Japan Smaller Capitalization | 0% | -1.55% | 減碼 |
| 45 | GLD | Spdr Gold Shares | 0% | -4.34% | 減碼 |
| 46 | NNDM | Nano Dimension LTD - Adr | 0% | — | 減碼 |
| 47 | FNV | Franco-nevada CORP | 0% | -4.83% | 減碼 |
| 48 | RSSS | Research Solutions Inc | 0% | -2.07% | 減碼 |
| 49 | HROW | Harrow Inc | 0% | -0.11% | 減碼 |
| 50 | PAVE | Global X US Infrastructure | 0% | +1.33% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Bard Associates Inc 在 Q3 2025 季度的美股持倉總市值約為 US$4.5億，共申報了 160 個公開持股部位。
在 Q3 2025 季度，Bard Associates Inc 按市值排列的前三大核心持股分別為：PFF (3.9%)、XFFCX (3.8%)、BIZD (2.6%)。其中最大持股部位 PFF 佔據整體投資組合約 3.9% 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
JAAA
市值: US$881.1萬
本季最大獲利了結 / 清倉標的
OREUR
前期市值: US$454.6萬
在 Q3 2025 季度中，Bard Associates Inc 共進行了 186 項持倉異動，包含新建倉 13 個部位、加碼 18 個部位、減碼 123 個部位以及清倉 32 個部位。 其中最大新建倉標的為 JAAA。 本季清倉部位包含 OREUR。
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。