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: 0001568280
申報總市值
US$50.5億
US$50.5億
263 檔
17.2%
根據最新整理的 13F 季度數據集，BW Gestao de Investimentos Ltda. 於 Q1 2026 結束時的管理資產規模為 US$50.5億。該機構在本季度申報了 263 檔美股持倉，呈現出該時期的主要投資地圖。
BW Gestao de Investimentos Ltda. 在 Q1 2026 進行了結構性的板塊輪動與部位換股。在開立 67 個全新部位及加碼 30 檔持股的同時，亦同步清倉 47 檔並減碼 55 檔標的。
檢視投資組合結構，前 5 大主力部位（包含 IWM, SPY, IVV）占據了總市值的 17.2%，展現出該機構在 Q1 2026 的重點資金聚焦與風險分佈特徵。
僅顯示前 200 大持股（共 263 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 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 8.65% | -5.08% | -34.38% | |
| 2 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 8.65% | +9.50% | -50.00% | |
| 3 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 6.51% | +9.69% | -59.39% | |
| 4 | TSLA | Tesla Inc | 股票-循環性消費 | 2.84% | -0.75% | — | |
| 5 | RBA | Rb Global Inc | 股票-工業 | 2.31% | -1.17% | -7.72% | |
| 6 | THC | Tenet Healthcare CORP | 股票-醫療保健 | 2.01% | -0.97% | -10.34% | |
| 7 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 1.92% | -0.13% | -77.78% | |
| 8 | XLU | St Sr Utl Sl Se Spdr Etf-usd | ETF-其他 | 1.37% | -1.17% | -21.74% | |
| 9 | ECHO | Echostar Corp-a | 股票-通訊服務 | 1.32% | -0.68% | +31.04% | |
| 10 | NTNX | Nutanix Inc - A | 股票-科技 | 1.30% | -0.85% | +55.27% | |
| 11 | COF | Capital One Financial CORP | 股票-金融 | 1.22% | -0.89% | +86.31% | |
| 12 | SOC | Sable Offshore CORP | 股票-其他 | 1.17% | -0.99% | +45.11% | |
| 13 | IGV | Ishares Expanded Tech-softwa | ETF-科技型 | 1.06% | -1.06% | EXIT | |
| 14 | COPX | Global X Copper Miners ETF | ETF-其他 | 1.04% | -0.35% | — | |
| 15 | AVGO | Broadcom Inc | 股票-科技 | 1.03% | -1.03% | EXIT | |
| 16 | XLV | Ss Health Care Select Sector | ETF-其他 | 0.98% | -0.35% | -24.44% | |
| 17 | CPRI | Capri Holdings Limited | 股票-循環性消費 | 0.94% | -0.71% | +26.02% | |
| 18 | AAL | American Airlines Group Inc | 股票-工業 | 0.88% | -0.81% | +307.93% | |
| 19 | SHW | Sherwin-williams Co/the | 股票-原物料 | 0.83% | -0.36% | +41.01% | |
| 20 | PATH | Uipath Inc - Class A | 股票-科技 | 0.79% | -0.67% | -52.80% | |
| 21 | BX | Blackstone Inc | 股票-金融 | 0.75% | -0.25% | +31.46% | |
| 22 | ECL | Ecolab Inc | 股票-原物料 | 0.73% | +0.07% | -31.82% | |
| 23 | DKS | Dick's Sporting Goods Inc | 股票-循環性消費 | 0.71% | -0.50% | +4.15% | |
| 24 | SO | Southern Co/the | 股票-公用事業 | 0.67% | -0.30% | — | |
| 25 | AEP | American Electric Power | 股票-公用事業 | 0.67% | -0.32% | -9.78% | |
| 26 | AA | Alcoa CORP | 股票-原物料 | 0.67% | -0.64% | +290.37% | |
| 27 | MDLN | Medline Inc-cl A | 股票-其他 | 0.65% | -0.11% | +193.33% | |
| 28 | XEL | Xcel Energy Inc | 股票-公用事業 | 0.64% | -0.23% | +0.73% | |
| 29 | FIX | Comfort Systems USA Inc | 股票-工業 | 0.64% | -0.37% | — | |
| 30 | MSFT | Microsoft CORP | 股票-科技 | 0.64% | +0.95% | +72.83% | |
| 31 | ROST | Ross Stores Inc | 股票-循環性消費 | 0.63% | -0.46% | +1024.96% | |
| 32 | PH | Parker Hannifin CORP | 股票-工業 | 0.63% | -0.16% | +53.68% | |
| 33 | TLN | Talen Energy CORP | 股票-公用事業 | 0.63% | -0.63% | EXIT | |
| 34 | ED | Consolidated Edison Inc | 股票-公用事業 | 0.61% | -0.24% | -9.95% | |
| 35 | GLOB | Globant S.A. | 股票-科技 | 0.61% | -0.45% | +10.02% | |
| 36 | CENX | Century Aluminum Company | 股票-原物料 | 0.60% | -0.12% | +68.11% | |
| 37 | PAAS | Pan American Silver CORP | 股票-原物料 | 0.57% | -0.55% | +102.72% | |
| 38 | FCX | Freeport-mcmoran Inc | 股票-原物料 | 0.57% | -0.47% | +40.06% | |
| 39 | VG | Venture Global Inc-cl A | 股票-能源 | 0.56% | -0.29% | — | |
| 40 | MU | Micron Technology Inc | 股票-科技 | 0.56% | +5.25% | -88.63% | |
| 41 | AAPL | Apple Inc | 股票-科技 | 0.56% | -0.12% | +98.40% | |
| 42 | SLV | Ishares Silver Trust | ETF-避險與商品 | 0.54% | -0.54% | EXIT | |
| 43 | WMB | Williams Cos Inc | 股票-能源 | 0.53% | -0.20% | — | |
| 44 | CNP | Centerpoint Energy Inc | 股票-公用事業 | 0.53% | -0.19% | +72.72% | |
| 45 | FPS | Forgent Power Solutions Inc | 股票-其他 | 0.53% | -0.18% | — | |
| 46 | AMRZ | Amrize Ltd | 股票-原物料 | 0.52% | -0.40% | +113.99% | |
| 47 | ZION | Zions Bancorp NA | 股票-金融 | 0.51% | -0.27% | — | |
| 48 | CLVT | Clarivate Plc | 股票-其他 | 0.50% | -0.07% | +36.31% | |
| 49 | SWX | Southwest Gas Holdings Inc | 股票-公用事業 | 0.48% | -0.48% | EXIT | |
| 50 | IDA | Idacorp Inc | 股票-公用事業 | 0.47% | -0.18% | +9.74% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | SOC | Sable Offshore CORP | +0.9% | +45.11% | 加碼 |
| 2 | ECHO | Echostar Corp-a | +0.7% | +31.04% | 加碼 |
| 3 | AAL | American Airlines Group Inc | +0.7% | +307.93% | 加碼 |
| 4 | COF | Capital One Financial CORP | +0.6% | +86.31% | 加碼 |
| 5 | ROST | Ross Stores Inc | +0.6% | +1024.96% | 加碼 |
| 6 | AA | Alcoa CORP | +0.6% | +290.37% | 加碼 |
| 7 | NTNX | Nutanix Inc - A | +0.5% | +55.27% | 加碼 |
| 8 | MDLN | Medline Inc-cl A | +0.5% | +193.33% | 加碼 |
| 9 | RBA | Rb Global Inc | +0.5% | -7.72% | 減碼 |
| 10 | CENX | Century Aluminum Company | +0.4% | +68.11% | 加碼 |
| 11 | SHW | Sherwin-williams Co/the | +0.4% | +41.01% | 加碼 |
| 12 | THC | Tenet Healthcare CORP | +0.4% | -10.34% | 減碼 |
| 13 | PAAS | Pan American Silver CORP | +0.4% | +102.72% | 加碼 |
| 14 | AMRZ | Amrize Ltd | +0.4% | +113.99% | 加碼 |
| 15 | PH | Parker Hannifin CORP | +0.4% | +53.68% | 加碼 |
| 16 | AAPL | Apple Inc | +0.4% | +98.40% | 加碼 |
| 17 | HTO | H2o America | +0.3% | +172.09% | 加碼 |
| 18 | CNP | Centerpoint Energy Inc | +0.3% | +72.72% | 加碼 |
| 19 | GIL | Gildan Activewear Inc | +0.3% | +240.71% | 加碼 |
| 20 | FCX | Freeport-mcmoran Inc | +0.3% | +40.06% | 加碼 |
| 21 | MSFT | Microsoft CORP | +0.3% | +72.83% | 加碼 |
| 22 | XLU | St Sr Utl Sl Se Spdr Etf-usd | +0.3% | -21.74% | 減碼 |
| 23 | CPRI | Capri Holdings Limited | +0.2% | +26.02% | 加碼 |
| 24 | BKU | Bankunited Inc | +0.2% | +54.29% | 加碼 |
| 25 | UAL | United Airlines Holdings Inc | +0.2% | +76.53% | 加碼 |
| 26 | VIST | Vista Energy Sab De Cv | +0.2% | +136.45% | 加碼 |
| 27 | NEM | Newmont CORP | +0.2% | +788.56% | 加碼 |
| 28 | SF | Stifel Financial CORP | +0.2% | +160.35% | 加碼 |
| 29 | AS | Amer Sports, Inc. | +0.2% | +170.25% | 加碼 |
| 30 | BKH | Black Hills CORP | +0.2% | +51.63% | 加碼 |
| 31 | TLN | Talen Energy CORP | +0.1% | +1.56% | 加碼 |
| 32 | V | Visa Inc-class A Shares | +0.1% | +169.02% | 加碼 |
| 33 | GLOB | Globant S.A. | +0.1% | +10.02% | 加碼 |
| 34 | XLV | Ss Health Care Select Sector | +0.1% | -24.44% | 減碼 |
| 35 | IFF | Intl Flavors & Fragrances | 0% | -29.08% | 減碼 |
| 36 | LITE | Lumentum Holdings Inc | 0% | -60.04% | 減碼 |
| 37 | NXT | Nextpower Inc-cl A | 0% | -43.74% | 減碼 |
| 38 | AMG | Affiliated Managers Group | 0% | -21.43% | 減碼 |
| 39 | ECL | Ecolab Inc | 0% | -31.82% | 減碼 |
| 40 | FE | Firstenergy CORP | — | -40.90% | 減碼 |
| 41 | PCG | P G & E CORP | — | -37.01% | 減碼 |
| 42 | PENN | Penn Entertainment Inc | — | -34.59% | 減碼 |
| 43 | CNR | Core Natural Resources Inc | — | -44.31% | 減碼 |
| 44 | EPAM | Epam Systems Inc | — | -0.13% | 減碼 |
| 45 | TKR | Timken Co | 0% | -43.73% | 減碼 |
| 46 | PFSI | Pennymac Financial Services | 0% | -2.78% | 減碼 |
| 47 | EVEX | Eve Holding Inc | 0% | — | 不變 |
| 48 | HLI | Houlihan Lokey Inc | 0% | -33.76% | 減碼 |
| 49 | LOW | Lowe's Cos Inc | 0% | -49.62% | 減碼 |
| 50 | EVRG | Evergy Inc | -0.1% | -48.18% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，BW Gestao de Investimentos Ltda. 在 Q1 2026 季度的美股持倉總市值約為 US$50.5億，共申報了 263 個公開持股部位。
在 Q1 2026 季度，BW Gestao de Investimentos Ltda. 按市值排列的前三大核心持股分別為：IWM (8.7%)、SPY (8.7%)、IVV (6.5%)。其中最大持股部位 IWM 佔據整體投資組合約 8.7% 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。
本季最大新建倉標的
TSLA
市值: US$8550.3萬
本季最大獲利了結 / 清倉標的
KWEB
前期市值: US$8172.0萬
在 Q1 2026 季度中，BW Gestao de Investimentos Ltda. 共進行了 199 項持倉異動，包含新建倉 67 個部位、加碼 30 個部位、減碼 55 個部位以及清倉 47 個部位。 其中最大新建倉標的為 TSLA。 本季清倉部位包含 KWEB。
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。