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
97 檔
24.5%
Q4 2025 季度申報顯示，Cbre Investment Management Listed Real Assets LLC 揭露的美股組合總市值為 US$71.8億，涵蓋 97 個不同之權益投資部位。
Cbre Investment Management Listed Real Assets LLC 在 Q4 2025 的調整主要集中於風險出清，清倉與減碼部位合計達 56 檔，反映機構對當前市場環境或個別公司估值採取較為保留之看法。
整體而言，Cbre Investment Management Listed Real Assets LLC 的前 5 大持股（包含 WELL, EQIX, PLD）貢獻了組合市值的 24.5%，形成該機構在 Q4 2025 季度的基本面基石。
| # | 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 | 8.80% | +0.17% | +6.10% | |
| 2 | EQIX | Equinix Inc | 股票-房地產 | 6.63% | -1.10% | +6.19% | |
| 3 | PLD | Prologis Inc | 股票-房地產 | 4.03% | -0.87% | +4.31% | |
| 4 | SPG | Simon Property Group Inc | 股票-房地產 | 3.51% | -1.64% | -5.61% | |
| 5 | VICI | Vici Properties Inc | 股票-房地產 | 2.92% | -0.28% | +24.87% | |
| 6 | UNP | Union Pacific CORP | 股票-工業 | 2.86% | +0.27% | +14.40% | |
| 7 | UDR | Udr Inc | 股票-房地產 | 2.52% | +1.28% | +7.34% | |
| 8 | XEL | Xcel Energy Inc | 股票-公用事業 | 2.52% | -0.05% | +18.10% | |
| 9 | ETR | Entergy CORP | 股票-公用事業 | 2.40% | -1.64% | +45.73% | |
| 10 | PEG | Public Service Enterprise Gp | 股票-公用事業 | 2.29% | -1.28% | +38.04% | |
| 11 | AMH | American Homes 4 Rent- A | 股票-房地產 | 2.29% | +0.30% | +104.43% | |
| 12 | LNG | Cheniere Energy Inc | 股票-能源 | 2.17% | -1.19% | +39.02% | |
| 13 | VTR | Ventas Inc | 股票-房地產 | 2.10% | -0.28% | +5.79% | |
| 14 | WEC | Wec Energy Group Inc | 股票-公用事業 | 2.07% | -0.73% | +7.84% | |
| 15 | BRX | Brixmor Property Group Inc | 股票-房地產 | 2.06% | +0.24% | +18.07% | |
| 16 | AMT | American Tower CORP | 股票-房地產 | 2.03% | +0.48% | +18.84% | |
| 17 | FR | First Industrial Realty Tr | 股票-房地產 | 1.97% | -0.48% | -3.80% | |
| 18 | STAG | Stag Industrial Inc | 股票-房地產 | 1.96% | -0.29% | -7.38% | |
| 19 | REG | Regency Centers CORP | 股票-房地產 | 1.90% | +0.40% | -1.77% | |
| 20 | EGP | Eastgroup Properties Inc | 股票-房地產 | 1.86% | +0.14% | +5.10% | |
| 21 | CUBE | Cubesmart | 股票-房地產 | 1.84% | +0.18% | +3.12% | |
| 22 | PPL | Ppl CORP | 股票-公用事業 | 1.78% | +0.05% | -19.81% | |
| 23 | IRM | Iron Mountain Inc | 股票-房地產 | 1.76% | +0.02% | +13.95% | |
| 24 | TRGP | Targa Resources CORP | 股票-能源 | 1.69% | -0.08% | -2.26% | |
| 25 | AES | Aes CORP | 股票-公用事業 | 1.66% | -0.83% | -0.21% | |
| 26 | PCG | P G & E CORP | 股票-公用事業 | 1.64% | -0.12% | +2.24% | |
| 27 | CMS | Cms Energy CORP | 股票-公用事業 | 1.52% | -0.90% | +52.33% | |
| 28 | OHI | Omega Healthcare Investors | 股票-房地產 | 1.45% | -0.80% | +327.50% | |
| 29 | OGE | Oge Energy CORP | 股票-公用事業 | 1.39% | -0.07% | +85.76% | |
| 30 | DOC | Healthpeak Properties Inc | 股票-房地產 | 1.34% | -0.19% | -1.82% | |
| 31 | ATO | Atmos Energy CORP | 股票-公用事業 | 1.30% | +0.32% | -27.89% | |
| 32 | PSA | Public Storage | 股票-房地產 | 1.26% | -0.27% | +479.28% | |
| 33 | CEG | Constellation Energy | 股票-公用事業 | 1.16% | -0.10% | -14.93% | |
| 34 | WTRG | Essential Utilities Inc | 股票-公用事業 | 1.11% | -0.03% | -28.41% | |
| 35 | NEE | Nextera Energy Inc | 股票-公用事業 | 1.05% | -0.02% | -56.85% | |
| 36 | AHR | American Healthcare Reit Inc | 股票-房地產 | 1.04% | +0.29% | +14.50% | |
| 37 | CCI | Crown Castle Inc | 股票-房地產 | 0.93% | -0.28% | — | |
| 38 | VNO | Vornado Realty Trust | 股票-房地產 | 0.75% | +0.14% | -6.40% | |
| 39 | ED | Consolidated Edison Inc | 股票-公用事業 | 0.74% | — | +201.74% | |
| 40 | INVH | Invitation Homes Inc | 股票-房地產 | 0.70% | +0.11% | -48.49% | |
| 41 | EPRT | Essential Properties Realty | 股票-房地產 | 0.66% | +0.19% | -30.54% | |
| 42 | EQR | Equity Residential | 股票-房地產 | 0.65% | +0.68% | +399.44% | |
| 43 | EXR | Extra Space Storage Inc | 股票-房地產 | 0.63% | +0.24% | -74.22% | |
| 44 | BXP | Bxp Inc | 股票-房地產 | 0.62% | -0.23% | -29.33% | |
| 45 | CNP | Centerpoint Energy Inc | 股票-公用事業 | 0.58% | — | — | |
| 46 | SHO | Sunstone Hotel Investors Inc | 股票-其他 | 0.58% | -0.11% | -0.08% | |
| 47 | DLR | Digital Realty Trust Inc | 股票-房地產 | 0.56% | -0.40% | -40.89% | |
| 48 | HST | Host Hotels & Resorts Inc | 股票-房地產 | 0.56% | -0.09% | +41.82% | |
| 49 | LXP | Lxp Industrial Trust | 股票-其他 | 0.54% | -0.04% | EXIT | |
| 50 | SKT | Tanger Inc | 股票-房地產 | 0.49% | +0.13% | +39.86% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | AMH | American Homes 4 Rent- A | +1.2% | +104.43% | 加碼 |
| 2 | OHI | Omega Healthcare Investors | +1.1% | +327.50% | 加碼 |
| 3 | WELL | Welltower Inc | +1.1% | +6.10% | 加碼 |
| 4 | PSA | Public Storage | +1% | +479.28% | 加碼 |
| 5 | ETR | Entergy CORP | +0.8% | +45.73% | 加碼 |
| 6 | PLD | Prologis Inc | +0.7% | +4.31% | 加碼 |
| 7 | PEG | Public Service Enterprise Gp | +0.6% | +38.04% | 加碼 |
| 8 | OGE | Oge Energy CORP | +0.6% | +85.76% | 加碼 |
| 9 | EQR | Equity Residential | +0.5% | +399.44% | 加碼 |
| 10 | ED | Consolidated Edison Inc | +0.5% | +201.74% | 加碼 |
| 11 | CMS | Cms Energy CORP | +0.5% | +52.33% | 加碼 |
| 12 | EQIX | Equinix Inc | +0.4% | +6.19% | 加碼 |
| 13 | UNP | Union Pacific CORP | +0.4% | +14.40% | 加碼 |
| 14 | VTR | Ventas Inc | +0.4% | +5.79% | 加碼 |
| 15 | LNG | Cheniere Energy Inc | +0.3% | +39.02% | 加碼 |
| 16 | VICI | Vici Properties Inc | +0.3% | +24.87% | 加碼 |
| 17 | BRX | Brixmor Property Group Inc | +0.3% | +18.07% | 加碼 |
| 18 | XEL | Xcel Energy Inc | +0.3% | +18.10% | 加碼 |
| 19 | AHR | American Healthcare Reit Inc | +0.3% | +14.50% | 加碼 |
| 20 | EGP | Eastgroup Properties Inc | +0.2% | +5.10% | 加碼 |
| 21 | AMT | American Tower CORP | +0.2% | +18.84% | 加碼 |
| 22 | UDR | Udr Inc | +0.2% | +7.34% | 加碼 |
| 23 | HST | Host Hotels & Resorts Inc | +0.2% | +41.82% | 加碼 |
| 24 | PCG | P G & E CORP | +0.2% | +2.24% | 加碼 |
| 25 | AES | Aes CORP | +0.2% | -0.21% | 減碼 |
| 26 | FR | First Industrial Realty Tr | +0.2% | -3.80% | 減碼 |
| 27 | TRGP | Targa Resources CORP | +0.2% | -2.26% | 減碼 |
| 28 | SKT | Tanger Inc | +0.1% | +39.86% | 加碼 |
| 29 | GTY | Getty Realty CORP | +0.1% | +58.81% | 加碼 |
| 30 | IRT | Independence Realty Trust In | +0.1% | +23.44% | 加碼 |
| 31 | CPT | Camden Property Trust | +0.1% | +32.44% | 加碼 |
| 32 | CPK | Chesapeake Utilities CORP | +0.1% | +54.37% | 加碼 |
| 33 | CWEN | Clearway Energy Inc-c | +0.1% | -2.67% | 減碼 |
| 34 | WEC | Wec Energy Group Inc | +0.1% | +7.84% | 加碼 |
| 35 | SMA | Smartstop Self Storage Reit | 0% | +57.94% | 加碼 |
| 36 | ESRT | Empire State Realty Trust-a | 0% | +69.56% | 加碼 |
| 37 | AWK | American Water Works Co Inc | 0% | +82.66% | 加碼 |
| 38 | VRSK | Verisk Analytics, Inc. | 0% | +6.01% | 加碼 |
| 39 | OKE | Oneok Inc | 0% | — | 不變 |
| 40 | PDM | Piedmont Realty Trust Inc | 0% | +17.56% | 加碼 |
| 41 | COLD | Americold Realty Trust Inc | 0% | — | 不變 |
| 42 | UNIT | Uniti Group Inc | 0% | — | 不變 |
| 43 | SUI | Sun Communities Inc | — | — | 不變 |
| 44 | D | Dominion Energy Inc | — | — | 不變 |
| 45 | LINE | Lineage Inc | — | — | 不變 |
| 46 | PEB 6.375 PERP E債券 | Pebblebrook Hotel Trust | — | — | 不變 |
| 47 | BNL | Broadstone Net Lease Inc | — | -6.52% | 減碼 |
| 48 | NSC | Norfolk Southern CORP | — | -11.20% | 減碼 |
| 49 | XIFR | Xplr Infrastructure LP | — | — | 不變 |
| 50 | ES | Eversource Energy | — | -30.93% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Cbre Investment Management Listed Real Assets LLC 在 Q4 2025 季度的美股持倉總市值約為 US$71.8億，共申報了 97 個公開持股部位。
在 Q4 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 (8.8%)、EQIX (6.6%)、PLD (4.0%)。其中最大持股部位 WELL 佔據整體投資組合約 8.8% 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
CNP
市值: US$3975.2萬
本季最大獲利了結 / 清倉標的
ELME
前期市值: US$2974.7萬
在 Q4 2025 季度中，Cbre Investment Management Listed Real Assets LLC 共進行了 101 項持倉異動，包含新建倉 7 個部位、加碼 38 個部位、減碼 41 個部位以及清倉 15 個部位。 其中最大新建倉標的為 CNP。 本季清倉部位包含 ELME。
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。