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: 0001643833
申報總市值
US$5.6億
US$5.6億
135 檔
22.9%
在 Q2 2025 申報期間，Brasada Capital Management, LP（CIK: 0001643833）向美國 SEC 提交的 Form 13F 報告顯示，其追蹤之股票投資組合總市值達 US$5.6億，共持有 135 個公開申報部位。
觀察 Q2 2025 的資金脈絡，Brasada Capital Management, LP 在獲利結算 17 檔個股的同時，將資本重新部署至 24 檔新選標的，展現主動管理機構的輪動節奏。
在資產配置集中度方面，Brasada Capital Management, LP 的前 5 大核心持股（包含 BIL, MSFT, WCN 等）合計佔整體申報市值的 22.9%，反映機構在主要關鍵部位上的權重分佈。
本季最大新建倉標的
WST
市值: US$607.4萬
本季最大獲利了結 / 清倉標的
SGOV
前期市值: US$632.0萬
| # | 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 | BIL | Ss Spdr Bb 1-3m T-bill ETF | ETF-政府公債 | 6.81% | -2.95% | -13.77% | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 5.44% | -0.79% | -3.54% | |
| 3 | WCN | Waste Connections Inc | 股票-工業 | 3.47% | -0.32% | -2.09% | |
| 4 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 3.01% | -0.23% | -7.22% | |
| 5 | IDXX | Idexx Laboratories Inc | 股票-醫療保健 | 2.99% | -0.40% | -2.00% | |
| 6 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.91% | +0.62% | -0.35% | |
| 7 | CP | Canadian Pacific Kansas City | 股票-工業 | 2.53% | — | +4.18% | |
| 8 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 2.47% | +0.77% | -7.51% | |
| 9 | CRH | CRH plc | 股票-原物料 | 2.46% | -0.06% | +0.41% | |
| 10 | HEI-A | Heico Corp-class A | 股票-其他 | 2.36% | +0.31% | -0.70% | |
| 11 | MCO | Moody's CORP | 股票-金融 | 2.11% | — | -4.11% | |
| 12 | MA | Mastercard Inc - A | 股票-金融 | 2.04% | -0.09% | -1.45% | |
| 13 | TDG | Transdigm Group Inc | 股票-工業 | 2.03% | +0.02% | -0.80% | |
| 14 | WMB | Williams Cos Inc | 股票-能源 | 2.03% | -0.07% | -2.27% | |
| 15 | CPRT | Copart Inc | 股票-工業 | 1.79% | — | -13.97% | |
| 16 | AKX | Ansys Inc | 股票-其他 | 1.73% | — | -28.53% | |
| 17 | BSX | Boston Scientific CORP | 股票-醫療保健 | 1.60% | -0.41% | +0.28% | |
| 18 | CMS | Cms Energy CORP | 股票-公用事業 | 1.54% | -0.15% | -3.49% | |
| 19 | SPGI | S&p Global Inc | 股票-金融 | 1.53% | -0.04% | -1.92% | |
| 20 | ECL | Ecolab Inc | 股票-原物料 | 1.40% | +0.06% | +52.69% | |
| 21 | DHR | Danaher CORP | 股票-醫療保健 | 1.35% | -0.03% | -4.15% | |
| 22 | NOW | Servicenow Inc | 股票-科技 | 1.33% | — | +2.39% | |
| 23 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.31% | -0.02% | -6.71% | |
| 24 | UBER | Uber Technologies Inc | 股票-工業 | 1.26% | -0.81% | -10.09% | |
| 25 | CPT | Camden Property Trust | 股票-房地產 | 1.19% | — | +2.07% | |
| 26 | HWM | Howmet Aerospace Inc | 股票-工業 | 1.16% | +0.12% | -0.54% | |
| 27 | NVDA | Nvidia CORP | 股票-科技 | 1.13% | +0.18% | +0.06% | |
| 28 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 1.13% | -0.80% | EXIT | |
| 29 | WELL | Welltower Inc | 股票-房地產 | 1.07% | +0.08% | +8.41% | |
| 30 | SYK | Stryker CORP | 股票-醫療保健 | 1.04% | -0.03% | -11.35% | |
| 31 | WST | West Pharmaceutical Services | 股票-醫療保健 | 1.03% | — | — | |
| 32 | TOST | Toast Inc-class A | 股票-科技 | 1.00% | +0.03% | +15.60% | |
| 33 | ETN | Eaton Corporation plc | 股票-工業 | 0.99% | +0.18% | +8.02% | |
| 34 | VMC | Vulcan Materials Co | 股票-原物料 | 0.98% | -0.01% | -5.72% | |
| 35 | MCHP 7.5 03-15-28債券 | Microchip Technology Inc | 債券 | 0.91% | +0.11% | +778.14% | |
| 36 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.91% | -0.58% | EXIT | |
| 37 | MSI | Motorola Solutions Inc | 股票-科技 | 0.87% | -0.11% | -17.55% | |
| 38 | ✓ | Spdr S&P 500 Etf Tr Put Option | ETF-大型股與成長 | 0.84% | +0.80% | NEW | |
| 39 | SOLV | Solventum CORP | 股票-醫療保健 | 0.82% | -0.93% | EXIT | |
| 40 | TYL | Tyler Technologies Inc | 股票-科技 | 0.81% | -0.21% | -2.24% | |
| 41 | MS | Morgan Stanley | 股票-金融 | 0.81% | +0.27% | +1.70% | |
| 42 | ATR | Aptargroup Inc | 股票-醫療保健 | 0.80% | — | -8.77% | |
| 43 | LYV | Live Nation Entertainment In | 股票-通訊服務 | 0.80% | +0.14% | +1.31% | |
| 44 | RTX | Rtx CORP | 股票-工業 | 0.79% | -0.05% | +1.54% | |
| 45 | HLT | Hilton Worldwide Holdings In | 股票-循環性消費 | 0.76% | +0.06% | +1.79% | |
| 46 | ORCL | Oracle CORP | 股票-科技 | 0.76% | — | — | |
| 47 | LNG | Cheniere Energy Inc | 股票-能源 | 0.76% | — | +1.43% | |
| 48 | V | Visa Inc-class A Shares | 股票-金融 | 0.75% | -0.53% | +1.67% | |
| 49 | INTU | Intuit Inc | 股票-科技 | 0.75% | — | +1.65% | |
| 50 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.73% | +0.13% | +1.36% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | WST | West Pharmaceutical Services | +1% | NEW | 新建倉 |
| 2 | META | Meta Platforms Inc-class A | +0.9% | NEW | 新建倉 |
| 3 | ✓ | Spdr S&P 500 Etf Tr Put Option | +0.8% | NEW | 新建倉 |
| 4 | MCHP 7.5 03-15-28債券 | Microchip Technology Inc | +0.8% | +778.14% | 加碼 |
| 5 | ORCL | Oracle CORP | +0.8% | NEW | 新建倉 |
| 6 | MSFT | Microsoft CORP | +0.7% | -3.54% | 減碼 |
| 7 | TBLL | Invesco Short Term Treasury | +0.7% | NEW | 新建倉 |
| 8 | IDXX | Idexx Laboratories Inc | +0.6% | -2.00% | 減碼 |
| 9 | ECL | Ecolab Inc | +0.5% | +52.69% | 加碼 |
| 10 | PCOR | Procore Technologies Inc | +0.5% | NEW | 新建倉 |
| 11 | TTEK | Tetra Tech Inc | +0.5% | NEW | 新建倉 |
| 12 | CCJ | Cameco CORP | +0.5% | NEW | 新建倉 |
| 13 | EZU | Ishares Msci Eurozone ETF | +0.4% | NEW | 新建倉 |
| 14 | TMO | Thermo Fisher Scientific Inc | +0.4% | +71.02% | 加碼 |
| 15 | NVDA | Nvidia CORP | +0.3% | +0.06% | 加碼 |
| 16 | TOST | Toast Inc-class A | +0.3% | +15.60% | 加碼 |
| 17 | HWM | Howmet Aerospace Inc | +0.3% | -0.54% | 減碼 |
| 18 | AVGO | Broadcom Inc | +0.3% | NEW | 新建倉 |
| 19 | AMZN | Amazon.com Inc | +0.3% | -0.35% | 減碼 |
| 20 | HEI-A | Heico Corp-class A | +0.3% | -0.70% | 減碼 |
| 21 | NOW | Servicenow Inc | +0.3% | +2.39% | 加碼 |
| 22 | ETN | Eaton Corporation plc | +0.2% | +8.02% | 加碼 |
| 23 | FEUZ | First Trust Eurozone Alphade | +0.2% | NEW | 新建倉 |
| 24 | CP | Canadian Pacific Kansas City | +0.2% | +4.18% | 加碼 |
| 25 | COF | Capital One Financial CORP | +0.2% | NEW | 新建倉 |
| 26 | REXR | Rexford Industrial Realty In | +0.2% | NEW | 新建倉 |
| 27 | MS | Morgan Stanley | +0.2% | +1.70% | 加碼 |
| 28 | GS | Goldman Sachs Group Inc | +0.2% | NEW | 新建倉 |
| 29 | INTU | Intuit Inc | +0.2% | +1.65% | 加碼 |
| 30 | CMF | Ishares California Muni Bond | +0.1% | NEW | 新建倉 |
| 31 | MRVL | Marvell Technology Inc | +0.1% | NEW | 新建倉 |
| 32 | BA | Boeing Co/the | +0.1% | NEW | 新建倉 |
| 33 | ENFR | Alerian Energy Infrastructur | +0.1% | NEW | 新建倉 |
| 34 | JEPI | Jpmorgan Equity Premium Inco | +0.1% | +94.41% | 加碼 |
| 35 | HLT | Hilton Worldwide Holdings In | +0.1% | +1.79% | 加碼 |
| 36 | JPM | Jpmorgan Chase & Co | +0.1% | +1.36% | 加碼 |
| 37 | CARR | Carrier Global CORP | +0.1% | +2.39% | 加碼 |
| 38 | LPG | Dorian LPG Ltd. | +0.1% | NEW | 新建倉 |
| 39 | UBER | Uber Technologies Inc | +0.1% | -10.09% | 減碼 |
| 40 | RRC | Range Resources CORP | +0.1% | NEW | 新建倉 |
| 41 | TDG | Transdigm Group Inc | +0.1% | -0.80% | 減碼 |
| 42 | AMD | Advanced Micro Devices | +0.1% | NEW | 新建倉 |
| 43 | MCO | Moody's CORP | +0.1% | -4.11% | 減碼 |
| 44 | CET | Central Securities CORP | +0.1% | +53.18% | 加碼 |
| 45 | LYV | Live Nation Entertainment In | +0.1% | +1.31% | 加碼 |
| 46 | GTLS | Chart Industries Inc | +0.1% | — | 不變 |
| 47 | HHH | Howard Hughes Holdings Inc | +0.1% | NEW | 新建倉 |
| 48 | NCLH | Norwegian Cruise Line Holdings Ltd. | +0.1% | NEW | 新建倉 |
| 49 | RMD | Resmed Inc | +0.1% | +1.90% | 加碼 |
| 50 | WELL | Welltower Inc | 0% | +8.41% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Brasada Capital Management, LP 在 Q2 2025 季度的美股持倉總市值約為 US$5.6億，共申報了 135 個公開持股部位。
在 Q2 2025 季度，Brasada Capital Management, LP 按市值排列的前三大核心持股分別為：BIL (6.8%)、MSFT (5.4%)、WCN (3.5%)。其中最大持股部位 BIL 佔據整體投資組合約 6.8% 的權重。
在 Q2 2025 季度中，Brasada Capital Management, LP 共進行了 130 項持倉異動，包含新建倉 24 個部位、加碼 38 個部位、減碼 51 個部位以及清倉 17 個部位。 其中最大新建倉標的為 WST。 本季清倉部位包含 SGOV。
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。
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。
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。