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: 0001033984
申報總市值
US$71.8億
US$71.8億
105 檔
23.0%
在 Q3 2025 的 13F 官方備案中，Cbre Investment Management Listed Real Assets LLC 管理的美股投資組合規模來到 US$71.8億，整體持股檔數為 105 檔。
在 Q3 2025 期間，Cbre Investment Management Listed Real Assets LLC 展現了靈活的資產再平衡步調，透過出清 19 檔弱勢或達到目標價部位，將資金轉置於 14 檔新建倉標的之中。
從部位權重觀察，前 5 大標的（包含 WELL, EQIX, SPG）累計市值佔比達 23.0%，是驅動 Cbre Investment Management Listed Real Assets LLC 該季度整體投資組合績效表現的核心支柱。
| # | 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 | WELL | Welltower Inc | 股票-房地產 | 7.73% | +0.17% | -6.95% | |
| 2 | EQIX | Equinix Inc | 股票-房地產 | 6.20% | -1.10% | +14.28% | |
| 3 | SPG | Simon Property Group Inc | 股票-房地產 | 3.66% | -1.64% | -12.87% | |
| 4 | PLD | Prologis Inc | 股票-房地產 | 3.37% | -0.87% | +26.28% | |
| 5 | VICI | Vici Properties Inc | 股票-房地產 | 2.63% | -0.28% | +1.22% | |
| 6 | EXR | Extra Space Storage Inc | 股票-房地產 | 2.58% | +0.24% | +2.96% | |
| 7 | UNP | Union Pacific CORP | 股票-工業 | 2.48% | +0.27% | — | |
| 8 | O | Realty Income CORP | 股票-房地產 | 2.46% | -0.58% | -31.73% | |
| 9 | UDR | Udr Inc | 股票-房地產 | 2.32% | +1.28% | +38.65% | |
| 10 | PPL | Ppl CORP | 股票-公用事業 | 2.28% | +0.05% | +20.63% | |
| 11 | XEL | Xcel Energy Inc | 股票-公用事業 | 2.26% | -0.05% | +29.58% | |
| 12 | NEE | Nextera Energy Inc | 股票-公用事業 | 2.22% | -0.02% | +74.15% | |
| 13 | WEC | Wec Energy Group Inc | 股票-公用事業 | 2.02% | -0.73% | +17.08% | |
| 14 | REG | Regency Centers CORP | 股票-房地產 | 1.99% | +0.40% | -7.87% | |
| 15 | STAG | Stag Industrial Inc | 股票-房地產 | 1.97% | -0.29% | +10.70% | |
| 16 | CUBE | Cubesmart | 股票-房地產 | 1.95% | +0.18% | +37.35% | |
| 17 | IRM | Iron Mountain Inc | 股票-房地產 | 1.85% | +0.02% | +18.30% | |
| 18 | LNG | Cheniere Energy Inc | 股票-能源 | 1.83% | -1.19% | +84.29% | |
| 19 | AMT | American Tower CORP | 股票-房地產 | 1.82% | +0.48% | -16.90% | |
| 20 | FR | First Industrial Realty Tr | 股票-房地產 | 1.79% | -0.48% | +4.06% | |
| 21 | ATO | Atmos Energy CORP | 股票-公用事業 | 1.79% | +0.32% | +8.89% | |
| 22 | BRX | Brixmor Property Group Inc | 股票-房地產 | 1.79% | +0.24% | +7.26% | |
| 23 | VTR | Ventas Inc | 股票-房地產 | 1.75% | -0.28% | +93.46% | |
| 24 | PEG | Public Service Enterprise Gp | 股票-公用事業 | 1.68% | -1.28% | -0.39% | |
| 25 | EGP | Eastgroup Properties Inc | 股票-房地產 | 1.63% | +0.14% | -16.89% | |
| 26 | WMB | Williams Cos Inc | 股票-能源 | 1.62% | +1.80% | +8.90% | |
| 27 | ETR | Entergy CORP | 股票-公用事業 | 1.61% | -1.64% | +347.74% | |
| 28 | DOC | Healthpeak Properties Inc | 股票-房地產 | 1.58% | -0.19% | +24.97% | |
| 29 | WTRG | Essential Utilities Inc | 股票-公用事業 | 1.57% | -0.03% | +16.69% | |
| 30 | TRGP | Targa Resources CORP | 股票-能源 | 1.53% | -0.08% | +20.63% | |
| 31 | AES | Aes CORP | 股票-公用事業 | 1.48% | -0.83% | +0.89% | |
| 32 | PCG | P G & E CORP | 股票-公用事業 | 1.46% | -0.12% | +15.93% | |
| 33 | INVH | Invitation Homes Inc | 股票-房地產 | 1.40% | +0.11% | -44.90% | |
| 34 | CEG | Constellation Energy | 股票-公用事業 | 1.23% | -0.10% | -13.57% | |
| 35 | AMH | American Homes 4 Rent- A | 股票-房地產 | 1.12% | +0.30% | +102.87% | |
| 36 | DLR | Digital Realty Trust Inc | 股票-房地產 | 1.04% | -0.40% | -55.98% | |
| 37 | CMS | Cms Energy CORP | 股票-公用事業 | 1.02% | -0.90% | -1.21% | |
| 38 | CCI | Crown Castle Inc | 股票-房地產 | 0.98% | -0.28% | — | |
| 39 | VNO | Vornado Realty Trust | 股票-房地產 | 0.95% | +0.14% | +14.63% | |
| 40 | BXP | Bxp Inc | 股票-房地產 | 0.93% | -0.23% | +593.36% | |
| 41 | EPRT | Essential Properties Realty | 股票-房地產 | 0.93% | +0.19% | +84.62% | |
| 42 | AVB | Avalonbay Communities Inc | 股票-房地產 | 0.79% | +0.06% | -25.85% | |
| 43 | AHR | American Healthcare Reit Inc | 股票-房地產 | 0.79% | +0.29% | +178.80% | |
| 44 | OGE | Oge Energy CORP | 股票-公用事業 | 0.79% | -0.07% | +19.33% | |
| 45 | CDP | Copt Defense Properties | 股票-其他 | 0.59% | -0.05% | EXIT | |
| 46 | SHO | Sunstone Hotel Investors Inc | 股票-其他 | 0.59% | -0.11% | -18.18% | |
| 47 | ARE | Alexandria Real Estate Equit | 股票-房地產 | 0.58% | +0.01% | +159.31% | |
| 48 | FRT | Federal Realty Invs Trust | 股票-房地產 | 0.53% | +0.32% | -0.41% | |
| 49 | ESS | Essex Property Trust Inc | 股票-房地產 | 0.50% | +0.07% | — | |
| 50 | CUZ | Cousins Properties Inc | 股票-房地產 | 0.48% | +0.28% | -28.04% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | UDR | Udr Inc | +1.5% | +38.65% | 加碼 |
| 2 | NEE | Nextera Energy Inc | +1.4% | +74.15% | 加碼 |
| 3 | VICI | Vici Properties Inc | +1.4% | +1.22% | 加碼 |
| 4 | VTR | Ventas Inc | +1.4% | +93.46% | 加碼 |
| 5 | PPL | Ppl CORP | +0.9% | +20.63% | 加碼 |
| 6 | STAG | Stag Industrial Inc | +0.9% | +10.70% | 加碼 |
| 7 | EQIX | Equinix Inc | +0.9% | +14.28% | 加碼 |
| 8 | IRM | Iron Mountain Inc | +0.8% | +18.30% | 加碼 |
| 9 | BXP | Bxp Inc | +0.8% | +593.36% | 加碼 |
| 10 | BRX | Brixmor Property Group Inc | +0.7% | +7.26% | 加碼 |
| 11 | XEL | Xcel Energy Inc | +0.7% | +29.58% | 加碼 |
| 12 | WELL | Welltower Inc | +0.7% | -6.95% | 加碼 |
| 13 | PEG | Public Service Enterprise Gp | +0.6% | -0.39% | 加碼 |
| 14 | ATO | Atmos Energy CORP | +0.5% | +8.89% | 加碼 |
| 15 | AMH | American Homes 4 Rent- A | +0.4% | +102.87% | 加碼 |
| 16 | VNO | Vornado Realty Trust | +0.4% | +14.63% | 加碼 |
| 17 | CUZ | Cousins Properties Inc | +0.4% | -28.04% | 加碼 |
| 18 | TRGP | Targa Resources CORP | +0.3% | +20.63% | 加碼 |
| 19 | ARE | Alexandria Real Estate Equit | +0.3% | +159.31% | 加碼 |
| 20 | PLD | Prologis Inc | +0.3% | +26.28% | 加碼 |
| 21 | WMB | Williams Cos Inc | +0.3% | +8.90% | 加碼 |
| 22 | WTRG | Essential Utilities Inc | +0.3% | +16.69% | 加碼 |
| 23 | WEC | Wec Energy Group Inc | +0.3% | +17.08% | 加碼 |
| 24 | CEG | Constellation Energy | +0.3% | -13.57% | 減碼 |
| 25 | SKT | Tanger Inc | +0.3% | +6186.25% | 加碼 |
| 26 | CPK | Chesapeake Utilities CORP | +0.2% | +1395.00% | 加碼 |
| 27 | AES | Aes CORP | +0.1% | +0.89% | 加碼 |
| 28 | AHR | American Healthcare Reit Inc | +0.1% | +178.80% | 減碼 |
| 29 | OGE | Oge Energy CORP | +0.1% | +19.33% | 加碼 |
| 30 | NTST | Netstreit CORP | +0.1% | +72.88% | 加碼 |
| 31 | PK | Park Hotels & Resorts Inc | +0.1% | +81.34% | 加碼 |
| 32 | HLT | Hilton Worldwide Holdings In | +0.1% | -23.66% | 加碼 |
| 33 | FR | First Industrial Realty Tr | +0.1% | +4.06% | 加碼 |
| 34 | HST | Host Hotels & Resorts Inc | +0.1% | +1195.20% | 加碼 |
| 35 | SRE | Sempra | +0.1% | — | 加碼 |
| 36 | CSR | Centerspace | 0% | -7.48% | 加碼 |
| 37 | PCG | P G & E CORP | 0% | +15.93% | 加碼 |
| 38 | BIP | Brookfield Infrastructure Partners L.P. | 0% | +11.95% | 加碼 |
| 39 | PEB 6.3 PERP F債券 | Pebblebrook Hotel Trust | 0% | — | 不變 |
| 40 | PEB 6.375 PERP E債券 | Pebblebrook Hotel Trust | 0% | — | 不變 |
| 41 | CDP | Copt Defense Properties | — | +15.83% | 加碼 |
| 42 | D | Dominion Energy Inc | — | — | 不變 |
| 43 | XIFR | Xplr Infrastructure LP | — | — | 不變 |
| 44 | AEE | Ameren Corporation | — | -87.50% | 加碼 |
| 45 | MPT | Medical Properties Trust Inc | — | — | 不變 |
| 46 | KMI | Kinder Morgan, Inc. | — | -16.54% | 減碼 |
| 47 | MAC | Macerich Co/the | 0% | — | 減碼 |
| 48 | ES | Eversource Energy | 0% | -52.81% | 減碼 |
| 49 | PAGP | Plains Gp Holdings Lp-cl A | 0% | — | 減碼 |
| 50 | CWEN | Clearway Energy Inc-c | 0% | +8.76% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Cbre Investment Management Listed Real Assets LLC 在 Q3 2025 季度的美股持倉總市值約為 US$71.8億，共申報了 105 個公開持股部位。
在 Q3 2025 季度，Cbre Investment Management Listed Real Assets LLC 按市值排列的前三大核心持股分別為：WELL (7.7%)、EQIX (6.2%)、SPG (3.7%)。其中最大持股部位 WELL 佔據整體投資組合約 7.7% 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
UNP
市值: US$1.7億
本季最大獲利了結 / 清倉標的
ELS
前期市值: US$8347.9萬
在 Q3 2025 季度中，Cbre Investment Management Listed Real Assets LLC 共進行了 117 項持倉異動，包含新建倉 14 個部位、加碼 44 個部位、減碼 40 個部位以及清倉 19 個部位。 其中最大新建倉標的為 UNP。 本季清倉部位包含 ELS。
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。