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: 0001393818
申報總市值
US$329.3億
US$329.3億
241 檔
35.1%
Q4 2025 季度申報顯示，Blackstone Inc. 揭露的美股組合總市值為 US$329.3億，涵蓋 241 個不同之權益投資部位。
觀察 Q4 2025 的申報異動，Blackstone Inc. 採取了強勁的買進策略，建倉與加碼動作（合計 119 筆）涵蓋多個核心板塊，展現機構對特定產業前景之樂觀態度。
整體而言，Blackstone Inc. 的前 5 大持股（包含 CQP, CRBG, SPY）貢獻了組合市值的 35.1%，形成該機構在 Q4 2025 季度的基本面基石。
僅顯示前 200 大持股（共 241 檔）
| # | 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 | CQP | Cheniere Energy Partners LP | 股票-其他 | 21.62% | -6.88% | — | |
| 2 | CRBG | Corebridge Financial Inc | 股票-金融 | 7.39% | -0.38% | — | |
| 3 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 7.13% | +6.02% | +10.79% | |
| 4 | FE | Firstenergy CORP | 股票-公用事業 | 5.10% | -1.54% | — | |
| 5 | LGN | Legence Corp-cl A | 股票-其他 | 4.39% | -0.55% | -11.03% | |
| 6 | WMB | Williams Cos Inc | 股票-能源 | 4.19% | -0.93% | -10.01% | |
| 7 | EQT | Eqt CORP | 股票-能源 | 3.90% | -0.19% | +0.82% | |
| 8 | MPLX | Mplx LP | 股票-能源 | 3.31% | -1.20% | +12.04% | |
| 9 | LNG | Cheniere Energy Inc | 股票-能源 | 2.99% | -1.19% | +12.78% | |
| 10 | ENB | Enbridge Inc | 股票-能源 | 2.80% | -0.73% | -5.08% | |
| 11 | TRGP | Targa Resources CORP | 股票-能源 | 2.74% | -0.34% | -1.71% | |
| 12 | EPD | Enterprise Products Partners | 股票-能源 | 2.44% | -0.47% | -6.30% | |
| 13 | KMI | Kinder Morgan, Inc. | 股票-能源 | 2.32% | -0.22% | -1.71% | |
| 14 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 1.91% | -0.44% | +1073.98% | |
| 15 | TXNM | Txnm Energy Inc | 股票-公用事業 | 1.86% | -0.45% | — | |
| 16 | WES | Western Midstream Partners L | 股票-能源 | 1.73% | -0.03% | +22.60% | |
| 17 | KNTK | Kinetik Holdings Inc | 股票-其他 | 1.70% | -0.50% | — | |
| 18 | ET | Energy Transfer LP | 股票-能源 | 1.68% | -0.27% | -33.12% | |
| 19 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 1.21% | -0.83% | EXIT | |
| 20 | DTM | Dt Midstream Inc | 股票-能源 | 1.05% | -0.30% | +1.40% | |
| 21 | OKE | Oneok Inc | 股票-能源 | 1.02% | -1.11% | -0.52% | |
| 22 | LOAR | Loar Holdings Inc | 股票-其他 | 0.95% | +0.03% | NEW | |
| 23 | PAA | Plains All Amer Pipeline LP | 股票-能源 | 0.94% | -0.27% | -3.43% | |
| 24 | VNOM | Viper Energy Inc-cl A | 股票-能源 | 0.76% | -0.09% | EXIT | |
| 25 | BXMT | Blackstone Mortgage Tru-cl A | 股票-房地產 | 0.70% | -0.21% | +7.93% | |
| 26 | PTEN | Patterson-uti Energy Inc | 股票-能源 | 0.68% | -0.24% | — | |
| 27 | BMBL | Bumble Inc-a | 股票-其他 | 0.53% | -0.16% | +79.56% | |
| 28 | SUN | Sunoco LP | 股票-其他 | 0.50% | -0.05% | +29.23% | |
| 29 | HESM | Hess Midstream LP - Class A | 股票-其他 | 0.50% | -0.52% | +0.06% | |
| 30 | TRP | Tc Energy CORP | 股票-能源 | 0.49% | -1.29% | +34.02% | |
| 31 | TASK | Taskus Inc-a | 股票-其他 | 0.47% | -0.12% | — | |
| 32 | AMZN | Amazon.com Inc | 股票-循環性消費 | 0.46% | -0.07% | +23.50% | |
| 33 | MSFT | Microsoft CORP | 股票-科技 | 0.41% | -0.04% | +2358.17% | |
| 34 | CWAN | Clearwater Analytics Holdings, Inc. | 股票-科技 | 0.39% | -0.38% | EXIT | |
| 35 | PSFE | Paysafe Limited | 股票-其他 | 0.35% | -0.04% | — | |
| 36 | VNET | Vnet Group Inc-adr | 股票-其他 | 0.35% | -0.09% | — | |
| 37 | BXSL | Blackstone Secured Lending F | 股票-金融 | 0.33% | -0.07% | — | |
| 38 | CX | Cemex Sab-spons Adr Part Cer | 股票-其他 | 0.33% | -0.11% | +26.15% | |
| 39 | SUNC | Sunococorp LLC | 股票-其他 | 0.32% | -0.12% | — | |
| 40 | MTZ | Mastec Inc | 股票-工業 | 0.31% | +0.01% | NEW | |
| 41 | SHO | Sunstone Hotel Investors Inc | 股票-其他 | 0.31% | — | — | |
| 42 | FLUT | Flutter Entertainment plc | 股票-循環性消費 | 0.28% | +0.01% | NEW | |
| 43 | V | Visa Inc-class A Shares | 股票-金融 | 0.27% | -0.07% | +60.67% | |
| 44 | FTV | Fortive CORP | 股票-科技 | 0.26% | — | -22.00% | |
| 45 | BAC | Bank Of America CORP | 股票-金融 | 0.25% | -0.01% | +20.42% | |
| 46 | NVT | nVent Electric plc | 股票-工業 | 0.25% | -0.14% | — | |
| 47 | CCAP | Crescent Capital Bdc Inc | 股票-其他 | 0.23% | -0.06% | — | |
| 48 | ACHR | Archer Aviation Inc-a | 股票-工業 | 0.23% | -0.06% | — | |
| 49 | COF | Capital One Financial CORP | 股票-金融 | 0.20% | +0.02% | -32.98% | |
| 50 | AM | Antero Midstream CORP | 股票-能源 | 0.20% | -0.07% | -1.22% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | IWM | Ishares Russell 2000 ETF | +1.8% | +1073.98% | 加碼 |
| 2 | QQQ | Invesco Qqq Trust Series 1 | +1.2% | NEW | 新建倉 |
| 3 | LGN | Legence Corp-cl A | +0.8% | -11.03% | 減碼 |
| 4 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.7% | +10.79% | 加碼 |
| 5 | MPLX | Mplx LP | +0.5% | +12.04% | 加碼 |
| 6 | VNOM | Viper Energy Inc-cl A | +0.5% | +150.00% | 加碼 |
| 7 | MSFT | Microsoft CORP | +0.4% | +2358.17% | 加碼 |
| 8 | SUNC | Sunococorp LLC | +0.3% | NEW | 新建倉 |
| 9 | WES | Western Midstream Partners L | +0.3% | +22.60% | 加碼 |
| 10 | NVT | nVent Electric plc | +0.3% | NEW | 新建倉 |
| 11 | ACHR | Archer Aviation Inc-a | +0.2% | NEW | 新建倉 |
| 12 | TRGP | Targa Resources CORP | +0.2% | -1.71% | 減碼 |
| 13 | WBS | Webster Financial CORP | +0.1% | NEW | 新建倉 |
| 14 | CMA | Comerica Inc | +0.1% | NEW | 新建倉 |
| 15 | SUN | Sunoco LP | +0.1% | +29.23% | 加碼 |
| 16 | TRP | Tc Energy CORP | +0.1% | +34.02% | 加碼 |
| 17 | CX | Cemex Sab-spons Adr Part Cer | +0.1% | +26.15% | 加碼 |
| 18 | KRE | Ss Spdr S&p Regional Bank | +0.1% | NEW | 新建倉 |
| 19 | V | Visa Inc-class A Shares | +0.1% | +60.67% | 加碼 |
| 20 | AMZN | Amazon.com Inc | +0.1% | +23.50% | 加碼 |
| 21 | ITT | Itt Inc | +0.1% | NEW | 新建倉 |
| 22 | PTEN | Patterson-uti Energy Inc | +0.1% | — | 不變 |
| 23 | CWAN | Clearwater Analytics Holdings, Inc. | +0.1% | — | 不變 |
| 24 | CRS | Carpenter Technology | +0.1% | +2337.51% | 加碼 |
| 25 | VRT | Vertiv Holdings Co-a | +0.1% | NEW | 新建倉 |
| 26 | GDX | Vaneck Gold Miners ETF | +0.1% | +62.20% | 加碼 |
| 27 | 430 | Terns Pharmaceuticals Inc | +0.1% | NEW | 新建倉 |
| 28 | ORKA | Oruka Therapeutics Inc | +0.1% | +37.04% | 加碼 |
| 29 | RIOT 0.75 01-15-30債券 | Riot Platforms Inc | +0.1% | NEW | 新建倉 |
| 30 | BXMT | Blackstone Mortgage Tru-cl A | +0.1% | +7.93% | 加碼 |
| 31 | FLUT | Flutter Entertainment plc | +0.1% | +55.81% | 加碼 |
| 32 | AM6 | Amicus Therapeutics Inc | +0.1% | +4.34% | 加碼 |
| 33 | MARA 0 03-01-30債券 | Mara Holdings Inc | +0.1% | NEW | 新建倉 |
| 34 | DTM | Dt Midstream Inc | +0.1% | +1.40% | 加碼 |
| 35 | BAC | Bank Of America CORP | +0.1% | +20.42% | 加碼 |
| 36 | TXNM | Txnm Energy Inc | 0% | — | 不變 |
| 37 | META | Meta Platforms Inc-class A | 0% | +290.84% | 加碼 |
| 38 | JD 0.25 06-01-29債券 | Jd.com Inc | 0% | NEW | 新建倉 |
| 39 | MTZ | Mastec Inc | 0% | +13.73% | 加碼 |
| 40 | XFOR | X4 Pharmaceuticals Inc | 0% | NEW | 新建倉 |
| 41 | ✓ | Karbon Cap Partners CORP | 0% | NEW | 新建倉 |
| 42 | SABS | Sab Biotherapeutics Inc | 0% | NEW | 新建倉 |
| 43 | SYRE | Spyre Therapeutics Inc | 0% | — | 不變 |
| 44 | IKT | Inhibikase Therapeutics Inc | 0% | +125.08% | 加碼 |
| 45 | AUTL | Autolus Therapeutics PLC | 0% | — | 不變 |
| 46 | UNP | Union Pacific CORP | 0% | +704.25% | 加碼 |
| 47 | GE | General Electric | 0% | +422.47% | 加碼 |
| 48 | BMBL | Bumble Inc-a | 0% | +79.56% | 加碼 |
| 49 | HPP | Hudson Pacific Properties In | 0% | NEW | 新建倉 |
| 50 | LMRI | Lumexa Imaging Holdings Inc | 0% | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Blackstone Inc. 在 Q4 2025 季度的美股持倉總市值約為 US$329.3億，共申報了 241 個公開持股部位。
在 Q4 2025 季度，Blackstone Inc. 按市值排列的前三大核心持股分別為：CQP (21.6%)、CRBG (7.4%)、SPY (7.1%)。其中最大持股部位 CQP 佔據整體投資組合約 21.6% 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
QQQ
市值: US$3.1億
本季最大獲利了結 / 清倉標的
TLN
前期市值: US$2.1億
在 Q4 2025 季度中，Blackstone Inc. 共進行了 183 項持倉異動，包含新建倉 61 個部位、加碼 58 個部位、減碼 25 個部位以及清倉 39 個部位。 其中最大新建倉標的為 QQQ。 本季清倉部位包含 TLN。
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。