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: 0001058854
申報總市值
US$1.5億
US$1.5億
58 檔
68.7%
Cannell Capital LLC 在 Q2 2025 季度的美股部位總計估值為 US$1.5億，分散於 58 個持倉標的之中，反映其市場參與廣度與投資規模。
觀察 Q2 2025 的資金脈絡，Cannell Capital LLC 在獲利結算 11 檔個股的同時，將資本重新部署至 21 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，Cannell Capital LLC 的前 5 大核心持股（包含 GPGI, NOA, CVCO 等）合計佔整體申報市值的 68.7%，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
IWM
市值: US$1419.9萬
本季最大獲利了結 / 清倉標的
INSE
前期市值: US$982.3萬
| # | 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 | GPGI | Gpgi Inc | 股票-其他 | 8.82% | -2.63% | EXIT | |
| 2 | NOA | North American Construction | 股票-其他 | 7.40% | -1.39% | -13.93% | |
| 3 | CVCO | Cavco Industries Inc | 股票-循環性消費 | 6.17% | -1.80% | EXIT | |
| 4 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 4.25% | +0.13% | — | |
| 5 | SJT | San Juan Basin Royalty Tr | 股票-其他 | 3.99% | -0.22% | -37.40% | |
| 6 | NPKI | Npk International Inc | 股票-其他 | 3.86% | -2.29% | — | |
| 7 | UTI | Universal Technical Institut | 股票-其他 | 3.83% | — | -40.90% | |
| 8 | MDXG | Mimedx Group Inc | 股票-其他 | 3.79% | +1.01% | -2.77% | |
| 9 | OPRT | Oportun Financial CORP | 股票-其他 | 3.43% | -1.11% | EXIT | |
| 10 | SNDL | Sndl Inc | 股票-其他 | 3.24% | +0.35% | -0.47% | |
| 11 | COMP | Compass Inc - Class A | 股票-房地產 | 3.07% | +0.10% | NEW | |
| 12 | NXDR | Nextdoor Holdings Inc | 股票-其他 | 2.69% | — | -4.93% | |
| 13 | GBLI | Global Indemnity Group Llc-a | 股票-其他 | 2.65% | -0.20% | +1.38% | |
| 14 | NGS | Natural Gas Services Group | 股票-其他 | 2.56% | -1.13% | +279.32% | |
| 15 | 5TC | Truecar Inc | 股票-其他 | 2.18% | — | -19.80% | |
| 16 | LPRO | Open Lending CORP | 股票-其他 | 2.09% | — | +87.14% | |
| 17 | REAL | Realreal Inc/the | 股票-其他 | 2.05% | +0.02% | +75.28% | |
| 18 | BBW | Build-a-bear Workshop Inc | 股票-其他 | 1.90% | -0.47% | -19.95% | |
| 19 | ARKO | Arko CORP | 股票-其他 | 1.86% | — | -38.63% | |
| 20 | MATW | Matthews Intl Corp-class A | 股票-其他 | 1.77% | — | — | |
| 21 | WTTR | Select Water Solutions Inc | 股票-其他 | 1.74% | — | — | |
| 22 | OSUR | Orasure Technologies Inc | 股票-其他 | 1.67% | +0.39% | +33.74% | |
| 23 | CRON | Cronos Group Inc | 股票-其他 | 1.67% | +0.08% | NEW | |
| 24 | ETON | Eton Pharmaceuticals Inc | 股票-其他 | 1.65% | -1.31% | -43.85% | |
| 25 | GOLD | Gold.com Inc | 股票-其他 | 1.52% | +0.37% | +22.28% | |
| 26 | SWKH | Swk Holdings CORP | 股票-其他 | 1.39% | — | -11.31% | |
| 27 | TPB | Turning Point Brands Inc | 股票-其他 | 1.37% | -4.02% | EXIT | |
| 28 | SVV | Savers Value Village Inc | 股票-其他 | 1.21% | — | — | |
| 29 | LINC | Lincoln Educational Services | 股票-其他 | 1.14% | +0.14% | NEW | |
| 30 | APG | Api Group CORP | 股票-工業 | 1.06% | — | — | |
| 31 | SRTA | Strata Critical Medical Inc | 股票-其他 | 1.04% | — | — | |
| 32 | BV | Brightview Holdings Inc | 股票-其他 | 0.97% | — | — | |
| 33 | LUXE | Luxexperience BV | 股票-其他 | 0.97% | — | — | |
| 34 | ASR | Grupo Aeroportuario Sur-adr | 股票-其他 | 0.97% | — | — | |
| 35 | MGNI | Magnite Inc | 股票-其他 | 0.91% | — | — | |
| 36 | PINS | Pinterest Inc- Class A | 股票-通訊服務 | 0.90% | — | — | |
| 37 | CLH | Clean Harbors Inc | 股票-工業 | 0.89% | — | -59.08% | |
| 38 | SII | Sprott Inc | 股票-其他 | 0.86% | — | — | |
| 39 | NBIS | Nebius Group N.V. | 股票-其他 | 0.74% | — | — | |
| 40 | 1RG | Rev Group Inc | 股票-其他 | 0.69% | — | — | |
| 41 | KSPI | Jsc Kaspi.kz Adr | 股票-其他 | 0.68% | — | — | |
| 42 | PPIH | Perma-pipe International Hol | 股票-其他 | 0.64% | — | -14.70% | |
| 43 | INVE | Identiv Inc | 股票-其他 | 0.59% | — | — | |
| 44 | ATRO | Astronics CORP | 股票-其他 | 0.48% | — | — | |
| 45 | TTS1EUR | Tile Shop Hldgs Inc | 股票-其他 | 0.44% | — | +0.08% | |
| 46 | LEE | Lee Enterprises | 股票-其他 | 0.43% | -0.34% | — | |
| 47 | DGICA | Donegal Group Inc-cl A | 股票-其他 | 0.39% | +0.13% | -9.25% | |
| 48 | GSAT | Globalstar Inc | 股票-其他 | 0.36% | — | +1.14% | |
| 49 | PNRG | Primeenergy Resources CORP | 股票-其他 | 0.29% | -1.45% | EXIT | |
| 50 | WINA | Winmark CORP | 股票-其他 | 0.19% | — | — |
| # | 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 | +4.3% | NEW | 新建倉 |
| 2 | NPKI | Npk International Inc | +3.9% | NEW | 新建倉 |
| 3 | OPRT | Oportun Financial CORP | +3.4% | +7066.97% | 加碼 |
| 4 | NGS | Natural Gas Services Group | +1.9% | +279.32% | 加碼 |
| 5 | MATW | Matthews Intl Corp-class A | +1.8% | NEW | 新建倉 |
| 6 | WTTR | Select Water Solutions Inc | +1.7% | NEW | 新建倉 |
| 7 | SVV | Savers Value Village Inc | +1.2% | NEW | 新建倉 |
| 8 | GPGI | Gpgi Inc | +1.2% | -1.04% | 減碼 |
| 9 | LINC | Lincoln Educational Services | +1.1% | NEW | 新建倉 |
| 10 | APG | Api Group CORP | +1.1% | NEW | 新建倉 |
| 11 | TPB | Turning Point Brands Inc | +1% | +261.00% | 加碼 |
| 12 | SRTA | Strata Critical Medical Inc | +1% | NEW | 新建倉 |
| 13 | BV | Brightview Holdings Inc | +1% | NEW | 新建倉 |
| 14 | LUXE | Luxexperience BV | +1% | NEW | 新建倉 |
| 15 | ASR | Grupo Aeroportuario Sur-adr | +1% | NEW | 新建倉 |
| 16 | MGNI | Magnite Inc | +0.9% | NEW | 新建倉 |
| 17 | PINS | Pinterest Inc- Class A | +0.9% | NEW | 新建倉 |
| 18 | SII | Sprott Inc | +0.9% | NEW | 新建倉 |
| 19 | NBIS | Nebius Group N.V. | +0.7% | NEW | 新建倉 |
| 20 | 1RG | Rev Group Inc | +0.7% | NEW | 新建倉 |
| 21 | KSPI | Jsc Kaspi.kz Adr | +0.7% | NEW | 新建倉 |
| 22 | REAL | Realreal Inc/the | +0.6% | +75.28% | 加碼 |
| 23 | INVE | Identiv Inc | +0.6% | NEW | 新建倉 |
| 24 | ATRO | Astronics CORP | +0.5% | NEW | 新建倉 |
| 25 | LPRO | Open Lending CORP | +0.3% | +87.14% | 加碼 |
| 26 | PPIH | Perma-pipe International Hol | +0.2% | -14.70% | 減碼 |
| 27 | OSUR | Orasure Technologies Inc | +0.1% | +33.74% | 加碼 |
| 28 | UTE0 | Cantaloupe Inc | +0.1% | NEW | 新建倉 |
| 29 | ASIC | Ategrity Specialty Holdings | +0.1% | NEW | 新建倉 |
| 30 | CBNA | Chain Bridge Bancorp Inc-a | 0% | +17.28% | 加碼 |
| 31 | WINA | Winmark CORP | 0% | — | 不變 |
| 32 | GSAT | Globalstar Inc | 0% | +1.14% | 加碼 |
| 33 | BBW | Build-a-bear Workshop Inc | 0% | -19.95% | 減碼 |
| 34 | ✓ | Arko CORP | 0% | -82.72% | 減碼 |
| 35 | ✓ | Colombier Acquisition CORP I | 0% | EXIT | 清倉 |
| 36 | NTIP | Network-1 Technologies Inc | 0% | — | 不變 |
| 37 | GOLD | Gold.com Inc | -0.1% | +22.28% | 加碼 |
| 38 | TTS1EUR | Tile Shop Hldgs Inc | -0.1% | +0.08% | 加碼 |
| 39 | DGICA | Donegal Group Inc-cl A | -0.1% | -9.25% | 減碼 |
| 40 | ✓ | Lazydays Holdings Inc | -0.1% | -62.56% | 減碼 |
| 41 | PNRG | Primeenergy Resources CORP | -0.2% | +10.72% | 加碼 |
| 42 | LDI | Loandepot Inc -class A | -0.2% | EXIT | 清倉 |
| 43 | CMPOW | Composecure Inc -cw25 | -0.2% | -90.65% | 減碼 |
| 44 | EEX | Emerald Holding Inc | -0.2% | EXIT | 清倉 |
| 45 | NXDR | Nextdoor Holdings Inc | -0.2% | -4.93% | 減碼 |
| 46 | LUCK | Lucky Strike Entertainment C | -0.2% | EXIT | 清倉 |
| 47 | MITK | Mitek Systems Inc | -0.3% | EXIT | 清倉 |
| 48 | 5TC | Truecar Inc | -0.3% | -19.80% | 減碼 |
| 49 | LEE | Lee Enterprises | -0.4% | — | 不變 |
| 50 | 5ZZ0 | Contextlogic Inc - A | -0.4% | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Cannell Capital LLC 在 Q2 2025 季度的美股持倉總市值約為 US$1.5億，共申報了 58 個公開持股部位。
在 Q2 2025 季度，Cannell Capital LLC 按市值排列的前三大核心持股分別為：GPGI (8.8%)、NOA (7.4%)、CVCO (6.2%)。其中最大持股部位 GPGI 佔據整體投資組合約 8.8% 的權重。
在 Q2 2025 季度中，Cannell Capital LLC 共進行了 66 項持倉異動，包含新建倉 21 個部位、加碼 12 個部位、減碼 22 個部位以及清倉 11 個部位。 其中最大新建倉標的為 IWM。 本季清倉部位包含 INSE。
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。
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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。