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: 0001600136
申報總市值
US$16.8億
US$16.8億
103 檔
57.4%
Q4 2025 季度申報顯示，Clearline Capital LP 揭露的美股組合總市值為 US$16.8億，涵蓋 103 個不同之權益投資部位。
Clearline Capital LP 在 Q4 2025 進行了結構性的板塊輪動與部位換股。在開立 26 個全新部位及加碼 40 檔持股的同時，亦同步清倉 31 檔並減碼 23 檔標的。
整體而言，Clearline Capital LP 的前 5 大持股（包含 SPY, ECHO, CORZ）貢獻了組合市值的 57.4%，形成該機構在 Q4 2025 季度的基本面基石。
本季最大新建倉標的
PSN
市值: US$2554.5萬
本季最大獲利了結 / 清倉標的
FLR
前期市值: US$2660.8萬
| # | 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 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 34.51% | -15.20% | EXIT | |
| 2 | ECHO | Echostar Corp-a | 股票-通訊服務 | 4.74% | -1.14% | +117.74% | |
| 3 | CORZ | Core Scientific Inc | 股票-科技 | 3.37% | -0.27% | +274.16% | |
| 4 | TLN | Talen Energy CORP | 股票-公用事業 | 2.47% | +0.45% | +394.76% | |
| 5 | MU | Micron Technology Inc | 股票-科技 | 2.38% | -1.37% | -17.69% | |
| 6 | ROG | Rogers CORP | 股票-其他 | 2.14% | +0.79% | +36.58% | |
| 7 | PRMB | Primo Brands CORP | 股票-非循環性消費 | 2.01% | +1.03% | +2871.66% | |
| 8 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.96% | +5.51% | +83.51% | |
| 9 | GLNG | Golar LNG Limited | 股票-能源 | 1.96% | +0.68% | +172.64% | |
| 10 | VST | Vistra CORP | 股票-公用事業 | 1.94% | +0.48% | +139.11% | |
| 11 | NOVT | Novanta Inc | 股票-其他 | 1.89% | +0.32% | +37.55% | |
| 12 | NVDA | Nvidia CORP | 股票-科技 | 1.83% | -1.10% | +125.80% | |
| 13 | MSFT | Microsoft CORP | 股票-科技 | 1.82% | — | +141.56% | |
| 14 | TIC | Tic Solutions Inc | 股票-其他 | 1.63% | +0.45% | +45.22% | |
| 15 | MSGS | Madison Square Garden Sports | 股票-通訊服務 | 1.58% | -1.17% | +2.28% | |
| 16 | AMD | Advanced Micro Devices | 股票-科技 | 1.41% | +1.86% | +7.23% | |
| 17 | VYX | Ncr Voyix CORP | 股票-科技 | 1.40% | +0.55% | +0.83% | |
| 18 | PSN | Parsons CORP | 股票-科技 | 1.26% | +0.63% | — | |
| 19 | BLKB | Blackbaud Inc | 股票-其他 | 1.20% | +0.52% | +20.93% | |
| 20 | SOLS | Solstice Adv Materials Inc | 股票-原物料 | 1.15% | — | — | |
| 21 | SMTC | Semtech CORP | 股票-科技 | 1.04% | -0.63% | -59.09% | |
| 22 | FLS | Flowserve CORP | 股票-工業 | 1.01% | — | -54.12% | |
| 23 | JHX | James Hardie Industries plc | 股票-其他 | 0.89% | +0.41% | +28.22% | |
| 24 | XPER | Xperi Inc | 股票-其他 | 0.85% | +0.36% | +69.63% | |
| 25 | MAX | Mediaalpha Inc-class A | 股票-其他 | 0.83% | +0.79% | +0.82% | |
| 26 | SNDK | Sandisk CORP | 股票-科技 | 0.83% | — | -29.38% | |
| 27 | HRTX | Heron Therapeutics Inc | 股票-其他 | 0.78% | -0.22% | +25.97% | |
| 28 | HSIC | Henry Schein Inc | 股票-醫療保健 | 0.77% | +0.07% | -12.89% | |
| 29 | RSKD | Riskified Ltd. | 股票-其他 | 0.76% | +0.30% | — | |
| 30 | KBR | Kbr Inc | 股票-工業 | 0.75% | +0.07% | — | |
| 31 | BLCO | Bausch + Lomb CORP | 股票-其他 | 0.70% | +0.11% | -9.76% | |
| 32 | UNF | Unifirst Corp/ma | 股票-其他 | 0.61% | — | — | |
| 33 | SIMO | Silicon Motion Technol-adr | 股票-其他 | 0.61% | — | -21.67% | |
| 34 | LBTYA | Liberty Global Ltd. | 股票-其他 | 0.59% | +0.03% | +501.20% | |
| 35 | RH | Rh | 股票-循環性消費 | 0.59% | +0.15% | +4914.43% | |
| 36 | IP | International Paper Co | 股票-循環性消費 | 0.59% | +0.04% | +101.24% | |
| 37 | BIDU | Baidu Inc - Spon Adr | 股票-通訊服務 | 0.55% | +0.09% | +27.17% | |
| 38 | PLAY | Dave & Buster's Entertainmen | 股票-其他 | 0.55% | -0.25% | -57.81% | |
| 39 | BKR | Baker Hughes Co | 股票-能源 | 0.50% | -0.08% | +28.75% | |
| 40 | MAGN | Magnera CORP | 股票-其他 | 0.49% | +0.16% | +272.38% | |
| 41 | VISN | Vistance Networks Inc | 股票-科技 | 0.47% | -0.55% | EXIT | |
| 42 | DOUG | Douglas Elliman Inc | 股票-其他 | 0.46% | +0.09% | — | |
| 43 | CNC | Centene CORP | 股票-醫療保健 | 0.45% | -0.15% | EXIT | |
| 44 | QDEL | Quidelortho CORP | 股票-其他 | 0.45% | -0.04% | EXIT | |
| 45 | MG | Mistras Group Inc | 股票-其他 | 0.44% | -0.15% | — | |
| 46 | FUN | Six Flags Entertainment CORP | 股票-其他 | 0.43% | +0.19% | +2541.51% | |
| 47 | CMCSA | Comcast Corp-class A | 股票-通訊服務 | 0.42% | — | — | |
| 48 | REZI | Resideo Technologies Inc | 股票-工業 | 0.42% | +0.83% | — | |
| 49 | RKT | Rocket Cos Inc-class A | 股票-金融 | 0.42% | +1.15% | +439.27% | |
| 50 | NBIS | Nebius Group N.V. | 股票-其他 | 0.42% | -0.44% | EXIT |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | ECHO | Echostar Corp-a | +3.3% | +117.74% | 加碼 |
| 2 | CORZ | Core Scientific Inc | +2.3% | +274.16% | 加碼 |
| 3 | TLN | Talen Energy CORP | +1.9% | +394.76% | 加碼 |
| 4 | PRMB | Primo Brands CORP | +1.9% | +2871.66% | 加碼 |
| 5 | GLNG | Golar LNG Limited | +1.2% | +172.64% | 加碼 |
| 6 | NVDA | Nvidia CORP | +1.1% | +125.80% | 加碼 |
| 7 | MSFT | Microsoft CORP | +1.1% | +141.56% | 加碼 |
| 8 | VST | Vistra CORP | +1% | +139.11% | 加碼 |
| 9 | AMZN | Amazon.com Inc | +1% | +83.51% | 加碼 |
| 10 | ROG | Rogers CORP | +0.9% | +36.58% | 加碼 |
| 11 | NOVT | Novanta Inc | +0.8% | +37.55% | 加碼 |
| 12 | MU | Micron Technology Inc | +0.8% | -17.69% | 減碼 |
| 13 | RH | Rh | +0.6% | +4914.43% | 加碼 |
| 14 | LBTYA | Liberty Global Ltd. | +0.5% | +501.20% | 加碼 |
| 15 | AMD | Advanced Micro Devices | +0.5% | +7.23% | 加碼 |
| 16 | FUN | Six Flags Entertainment CORP | +0.4% | +2541.51% | 加碼 |
| 17 | MAGN | Magnera CORP | +0.4% | +272.38% | 加碼 |
| 18 | RKT | Rocket Cos Inc-class A | +0.4% | +439.27% | 加碼 |
| 19 | XPER | Xperi Inc | +0.3% | +69.63% | 加碼 |
| 20 | MSGS | Madison Square Garden Sports | +0.3% | +2.28% | 加碼 |
| 21 | SNDK | Sandisk CORP | +0.3% | -29.38% | 減碼 |
| 22 | JHX | James Hardie Industries plc | +0.3% | +28.22% | 加碼 |
| 23 | IP | International Paper Co | +0.3% | +101.24% | 加碼 |
| 24 | SMG | Scotts Miracle-gro Co | +0.3% | +520.66% | 加碼 |
| 25 | RIOT | Riot Platforms Inc | +0.3% | +782.57% | 加碼 |
| 26 | BLKB | Blackbaud Inc | +0.3% | +20.93% | 加碼 |
| 27 | TIC | Tic Solutions Inc | +0.3% | +45.22% | 加碼 |
| 28 | HRTX | Heron Therapeutics Inc | +0.2% | +25.97% | 加碼 |
| 29 | MRVL | Marvell Technology Inc | +0.2% | +97.31% | 加碼 |
| 30 | VOO | Vanguard S&P 500 ETF | +0.2% | +224.61% | 加碼 |
| 31 | MAX | Mediaalpha Inc-class A | +0.2% | +0.82% | 加碼 |
| 32 | BIDU | Baidu Inc - Spon Adr | +0.1% | +27.17% | 加碼 |
| 33 | VISN | Vistance Networks Inc | +0.1% | +11.94% | 加碼 |
| 34 | QDEL | Quidelortho CORP | +0.1% | +36.24% | 加碼 |
| 35 | MG | Mistras Group Inc | +0.1% | — | 不變 |
| 36 | UNF | Unifirst Corp/ma | +0.1% | — | 不變 |
| 37 | BKR | Baker Hughes Co | +0.1% | +28.75% | 加碼 |
| 38 | WDC | Western Digital CORP | +0.1% | — | 不變 |
| 39 | RSKD | Riskified Ltd. | +0.1% | — | 不變 |
| 40 | BLCO | Bausch + Lomb CORP | +0.1% | -9.76% | 減碼 |
| 41 | WSC | Willscot Holdings CORP | +0.1% | +79.44% | 加碼 |
| 42 | WERN | Werner Enterprises Inc | +0.1% | +12.30% | 加碼 |
| 43 | HSIC | Henry Schein Inc | +0.1% | -12.89% | 減碼 |
| 44 | SNDX | Syndax Pharmaceuticals Inc | 0% | +27.02% | 加碼 |
| 45 | TXMD | Therapeuticsmd Inc | 0% | — | 不變 |
| 46 | HLIT | Harmonic Inc | 0% | — | 不變 |
| 47 | BILL | Bill Holdings Inc | 0% | — | 不變 |
| 48 | CMPR | Cimpress plc | 0% | +0.97% | 加碼 |
| 49 | SAIC | Science Applications Inte | 0% | — | 不變 |
| 50 | HA7 | Enviri CORP | 0% | -29.56% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Clearline Capital LP 在 Q4 2025 季度的美股持倉總市值約為 US$16.8億，共申報了 103 個公開持股部位。
在 Q4 2025 季度，Clearline Capital LP 按市值排列的前三大核心持股分別為：SPY (34.5%)、ECHO (4.7%)、CORZ (3.4%)。其中最大持股部位 SPY 佔據整體投資組合約 34.5% 的權重。
在 Q4 2025 季度中，Clearline Capital LP 共進行了 120 項持倉異動，包含新建倉 26 個部位、加碼 40 個部位、減碼 23 個部位以及清倉 31 個部位。 其中最大新建倉標的為 PSN。 本季清倉部位包含 FLR。
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。