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: 0001471085
申報總市值
US$9.3億
US$9.3億
43 檔
61.4%
在 Q4 2025 申報期間，Bronte Capital Management Pty Ltd.（CIK: 0001471085）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$9.3億，共持有 43 個公開申報部位。
觀察 Q4 2025 的資金脈絡，Bronte Capital Management Pty Ltd. 在獲利結算 3 檔個股的同時，將資本重新部署至 16 檔新選標的，展現主動管理機構的輪動節奏。
從部位權重觀察，前 5 大標的（包含 REGN, GOOGL, IBKR）累計市值佔比達 61.4%，是驅動 Bronte Capital Management Pty Ltd. 該季度整體投資組合績效表現的核心支柱。
本季最大新建倉標的
TBBB
市值: US$1316.1萬
本季最大獲利了結 / 清倉標的
ABVX
前期市值: US$1494.9萬
| # | 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 | REGN | Regeneron Pharmaceuticals | 股票-醫療保健 | 18.17% | -2.98% | +30.94% | |
| 2 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 12.99% | +0.85% | -2.62% | |
| 3 | IBKR | Interactive Brokers Gro-cl A | 股票-金融 | 9.53% | -0.25% | -15.61% | |
| 4 | ✓ | Visa Inc-class A Shares | 股票-其他 | 8.23% | +0.94% | -0.30% | |
| 5 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 8.14% | +0.48% | -7.10% | |
| 6 | AMZN | Amazon.com Inc | 股票-循環性消費 | 6.39% | +0.80% | -4.68% | |
| 7 | PM | Philip Morris International | 股票-非循環性消費 | 6.38% | +0.25% | -4.57% | |
| 8 | COF | Capital One Financial CORP | 股票-金融 | 4.24% | +0.36% | -33.53% | |
| 9 | CTVA | Corteva Inc | 股票-原物料 | 3.80% | -0.02% | -0.35% | |
| 10 | FCNCA | First Citizens Bcshs -cl A | 股票-金融 | 3.65% | +0.09% | -17.21% | |
| 11 | ✓ | Vaneck ETF Trust | ETF-其他 | 1.86% | -0.34% | -29.15% | |
| 12 | ALNY | Alnylam Pharmaceuticals Inc | 股票-醫療保健 | 1.54% | -0.08% | +11.12% | |
| 13 | ✓ | Sotera Health Co | 股票-其他 | 1.54% | +0.32% | -1.19% | |
| 14 | GHC | Graham Holdings Co-class B | 股票-工業 | 1.46% | +0.06% | -0.31% | |
| 15 | HLF | Herbalife Ltd. | 股票-其他 | 1.44% | -0.91% | -17.57% | |
| 16 | PINS | Pinterest Inc- Class A | 股票-通訊服務 | 1.32% | -0.78% | EXIT | |
| 17 | TBBB | BBB Foods Inc. | 股票-其他 | 1.31% | +0.68% | — | |
| 18 | IBB | Ishares Biotechnology ETF | ETF-科技型 | 1.22% | +0.18% | -74.29% | |
| 19 | SQM | Quimica Y Minera Chil-sp Adr | 股票-其他 | 1.12% | -0.06% | -0.69% | |
| 20 | SBH | Sally Beauty Holdings Inc | 股票-其他 | 1.05% | -0.30% | EXIT | |
| 21 | NEM | Newmont CORP | 股票-原物料 | 0.78% | -0.11% | -0.20% | |
| 22 | B | Barrick Mining CORP | 股票-原物料 | 0.72% | -0.06% | -22.63% | |
| 23 | RAMP | Liveramp Holdings Inc | 股票-其他 | 0.68% | -0.07% | +0.26% | |
| 24 | BBWI | Bath & Body Works Inc | 股票-循環性消費 | 0.51% | +0.07% | +121.78% | |
| 25 | MDLZ | Mondelez International Inc-a | 股票-非循環性消費 | 0.35% | +0.01% | -2.01% | |
| 26 | ✓ | Vaneck ETF Trust | ETF-其他 | 0.32% | -0.06% | -81.60% | |
| 27 | FICO | Fair Isaac CORP | 股票-科技 | 0.26% | — | — | |
| 28 | TPB | Turning Point Brands Inc | 股票-其他 | 0.26% | — | — | |
| 29 | RSKD | Riskified Ltd. | 股票-其他 | 0.25% | +0.13% | -0.00% | |
| 30 | NICE | Nice LTD - Spon Adr | 股票-科技 | 0.23% | -0.03% | — | |
| 31 | OLED | Universal Display CORP | 股票-科技 | 0.14% | — | — | |
| 32 | JRVR | James River Group Holdings I | 股票-其他 | 0.08% | -0.21% | EXIT | |
| 33 | ENVX | Enovix CORP | 股票-其他 | 0.01% | — | — | |
| 34 | GUTS | Fractyl Health Inc | 股票-其他 | — | — | EXIT | |
| 35 | ALEC | Alector Inc | 股票-其他 | — | — | — | |
| 36 | CHRS | Coherus Oncology Inc | 股票-其他 | — | — | — | |
| 37 | IVVD | Invivyd Inc | 股票-其他 | — | — | EXIT | |
| 38 | CRBU | Caribou Biosciences Inc | 股票-其他 | — | — | EXIT | |
| 39 | PLRX | Pliant Therapeutics Inc | 股票-其他 | — | — | EXIT | |
| 40 | FATE | Fate Therapeutics Inc | 股票-其他 | — | +0.01% | — | |
| 41 | MIST | Milestone Pharmaceuticals In | 股票-其他 | — | — | — | |
| 42 | RANI | Rani Therapeutics Holdings-a | 股票-其他 | — | — | EXIT | |
| 43 | CCCC | C4 Therapeutics Inc | 股票-其他 | — | +0.01% | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | REGN | Regeneron Pharmaceuticals | +8% | +30.94% | 加碼 |
| 2 | GOOGL | Alphabet Inc-cl A | +2.6% | -2.62% | 減碼 |
| 3 | SQM | Quimica Y Minera Chil-sp Adr | +0.4% | -0.69% | 減碼 |
| 4 | HLF | Herbalife Ltd. | +0.3% | -17.57% | 減碼 |
| 5 | BBWI | Bath & Body Works Inc | +0.2% | +121.78% | 加碼 |
| 6 | ✓ | Visa Inc-class A Shares | +0.2% | -0.30% | 減碼 |
| 7 | ✓ | Sotera Health Co | +0.2% | -1.19% | 減碼 |
| 8 | NEM | Newmont CORP | +0.1% | -0.20% | 減碼 |
| 9 | RAMP | Liveramp Holdings Inc | +0.1% | +0.26% | 加碼 |
| 10 | B | Barrick Mining CORP | 0% | -22.63% | 減碼 |
| 11 | RSKD | Riskified Ltd. | 0% | -0.00% | 減碼 |
| 12 | ENVX | Enovix CORP | — | — | 不變 |
| 13 | AMZN | Amazon.com Inc | 0% | -4.68% | 減碼 |
| 14 | FCNCA | First Citizens Bcshs -cl A | 0% | -17.21% | 減碼 |
| 15 | CTVA | Corteva Inc | -0.1% | -0.35% | 減碼 |
| 16 | ALNY | Alnylam Pharmaceuticals Inc | -0.1% | +11.12% | 加碼 |
| 17 | MDLZ | Mondelez International Inc-a | -0.1% | -2.01% | 減碼 |
| 18 | GHC | Graham Holdings Co-class B | -0.1% | -0.31% | 減碼 |
| 19 | PM | Philip Morris International | -0.4% | -4.57% | 減碼 |
| 20 | ✓ | Vaneck ETF Trust | -0.5% | -29.15% | 減碼 |
| 21 | BRK-B | Berkshire Hathaway Inc-cl B | -0.7% | -7.10% | 減碼 |
| 22 | SBH | Sally Beauty Holdings Inc | -0.7% | -31.81% | 減碼 |
| 23 | PINS | Pinterest Inc- Class A | -0.8% | -21.11% | 減碼 |
| 24 | ✓ | Vaneck ETF Trust | -1.2% | -81.60% | 減碼 |
| 25 | COF | Capital One Financial CORP | -1.4% | -33.53% | 減碼 |
| 26 | IBKR | Interactive Brokers Gro-cl A | -2.6% | -15.61% | 減碼 |
| 27 | IBB | Ishares Biotechnology ETF | -2.9% | -74.29% | 減碼 |
| 28 | ABVX | Abivax Sa-adr | — | EXIT | 清倉 |
| 29 | TBBB | BBB Foods Inc. | — | NEW | 新建倉 |
| 30 | IJR | Ishares Core S&p Small-cap E | — | EXIT | 清倉 |
| 31 | IWO | Ishares Russell 2000 Growth | — | EXIT | 清倉 |
| 32 | FICO | Fair Isaac CORP | — | NEW | 新建倉 |
| 33 | TPB | Turning Point Brands Inc | — | NEW | 新建倉 |
| 34 | NICE | Nice LTD - Spon Adr | — | NEW | 新建倉 |
| 35 | OLED | Universal Display CORP | — | NEW | 新建倉 |
| 36 | JRVR | James River Group Holdings I | — | NEW | 新建倉 |
| 37 | GUTS | Fractyl Health Inc | — | NEW | 新建倉 |
| 38 | ALEC | Alector Inc | — | NEW | 新建倉 |
| 39 | CHRS | Coherus Oncology Inc | — | NEW | 新建倉 |
| 40 | IVVD | Invivyd Inc | — | NEW | 新建倉 |
| 41 | CRBU | Caribou Biosciences Inc | — | NEW | 新建倉 |
| 42 | PLRX | Pliant Therapeutics Inc | — | NEW | 新建倉 |
| 43 | FATE | Fate Therapeutics Inc | — | NEW | 新建倉 |
| 44 | MIST | Milestone Pharmaceuticals In | — | NEW | 新建倉 |
| 45 | RANI | Rani Therapeutics Holdings-a | — | NEW | 新建倉 |
| 46 | CCCC | C4 Therapeutics Inc | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Bronte Capital Management Pty Ltd. 在 Q4 2025 季度的美股持倉總市值約為 US$9.3億，共申報了 43 個公開持股部位。
在 Q4 2025 季度，Bronte Capital Management Pty Ltd. 按市值排列的前三大核心持股分別為：REGN (18.2%)、GOOGL (13.0%)、IBKR (9.5%)。其中最大持股部位 REGN 佔據整體投資組合約 18.2% 的權重。
在 Q4 2025 季度中，Bronte Capital Management Pty Ltd. 共進行了 45 項持倉異動，包含新建倉 16 個部位、加碼 4 個部位、減碼 22 個部位以及清倉 3 個部位。 其中最大新建倉標的為 TBBB。 本季清倉部位包含 ABVX。
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。