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: 0001301743
申報總市值
US$5.0億
US$5.0億
117 檔
65.9%
在 Q4 2025 的 13F 官方備案中，CoreCommodity Management, LLC 管理的美股投資組合規模來到 US$5.0億，整體持股檔數為 117 檔。
數據顯示 CoreCommodity Management, LLC 於 Q4 2025 季度持續回收資金，對 82 個既有部位進行裁減並清倉 17 個標的，組合整體流動性比重有所上升。
從部位權重觀察，前 5 大標的（包含 CCNR, HBM, AA）累計市值佔比達 65.9%，是驅動 CoreCommodity Management, LLC 該季度整體投資組合績效表現的核心支柱。
本季最大新建倉標的
MP
市值: US$148.5萬
本季最大獲利了結 / 清倉標的
FSLR
前期市值: US$175.1萬
| # | 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 | CCNR | Alps Corecommodity Ntrl Res | ETF-避險與商品 | 64.77% | +1.04% | -19.29% | |
| 2 | HBM | Hudbay Minerals Inc | 股票-其他 | 1.62% | +0.03% | -11.28% | |
| 3 | AA | Alcoa CORP | 股票-原物料 | 1.05% | — | -25.20% | |
| 4 | LBRT | Liberty Energy Inc | 股票-能源 | 1.02% | -0.24% | -20.62% | |
| 5 | MUR | Murphy Oil CORP | 股票-能源 | 0.98% | -0.97% | -16.57% | |
| 6 | SHLS | Shoals Technologies Group -a | 股票-其他 | 0.85% | -0.12% | -27.58% | |
| 7 | TSN | Tyson Foods Inc-cl A | 股票-非循環性消費 | 0.82% | +0.46% | +13.78% | |
| 8 | COP | Conocophillips | 股票-能源 | 0.78% | -0.47% | -15.84% | |
| 9 | VLTO | Veralto CORP | 股票-工業 | 0.77% | +0.41% | -2.18% | |
| 10 | SU | Suncor Energy Inc | 股票-能源 | 0.72% | +0.16% | -15.31% | |
| 11 | BTE | Baytex Energy CORP | 股票-其他 | 0.68% | +0.72% | -23.90% | |
| 12 | DAR | Darling Ingredients Inc | 股票-非循環性消費 | 0.68% | -0.42% | +10.84% | |
| 13 | FCX | Freeport-mcmoran Inc | 股票-原物料 | 0.64% | -0.07% | EXIT | |
| 14 | CIVI | Civitas Resources Inc | 股票-其他 | 0.64% | — | +17.15% | |
| 15 | FLNC | Fluence Energy Inc | 股票-其他 | 0.63% | +0.05% | -32.31% | |
| 16 | CNH | CNH Industrial N.V. | 股票-工業 | 0.58% | +0.29% | -68.65% | |
| 17 | CENX | Century Aluminum Company | 股票-原物料 | 0.57% | -0.18% | -20.09% | |
| 18 | SCCO | Southern Copper CORP | 股票-原物料 | 0.57% | +0.24% | NEW | |
| 19 | DVN | Devon Energy CORP | 股票-能源 | 0.57% | -0.43% | -21.57% | |
| 20 | CGAU | Centerra Gold Inc | 股票-其他 | 0.54% | -0.02% | -16.87% | |
| 21 | EOG | Eog Resources Inc | 股票-能源 | 0.52% | -0.01% | -27.50% | |
| 22 | CTVA | Corteva Inc | 股票-原物料 | 0.51% | +0.05% | -17.57% | |
| 23 | TECK | Teck Resources Ltd-cls B | 股票-原物料 | 0.51% | +0.48% | -48.59% | |
| 24 | CHRD | Chord Energy CORP | 股票-能源 | 0.51% | -0.51% | +20.91% | |
| 25 | HAL | Halliburton Co | 股票-能源 | 0.51% | -0.02% | -17.81% | |
| 26 | SM | Sm Energy Co | 股票-能源 | 0.46% | -0.43% | -5.40% | |
| 27 | WFG | West Fraser Timber Co LTD | 股票-其他 | 0.46% | -0.37% | +6.51% | |
| 28 | PTEN | Patterson-uti Energy Inc | 股票-能源 | 0.46% | -0.06% | -17.52% | |
| 29 | PUMP | Propetro Holding CORP | 股票-其他 | 0.43% | +0.03% | -25.51% | |
| 30 | CALM | Cal-maine Foods Inc | 股票-非循環性消費 | 0.43% | — | +4.14% | |
| 31 | MTDR | Matador Resources Co | 股票-能源 | 0.41% | -0.40% | -10.19% | |
| 32 | CTRA | Coterra Energy Inc | 股票-能源 | 0.41% | -0.64% | EXIT | |
| 33 | BE | Bloom Energy Corp- A | 股票-工業 | 0.40% | -0.01% | -33.51% | |
| 34 | ADM | Archer-daniels-midland Co | 股票-非循環性消費 | 0.39% | +0.23% | -52.20% | |
| 35 | EOSE | Eos Energy Enterprises Inc | 股票-其他 | 0.39% | — | -23.62% | |
| 36 | MGY | Magnolia Oil & Gas CORP - A | 股票-能源 | 0.38% | -0.04% | -15.15% | |
| 37 | SLB | Slb LTD | 股票-能源 | 0.38% | +0.09% | +0.24% | |
| 38 | AWK | American Water Works Co Inc | 股票-公用事業 | 0.37% | +0.24% | NEW | |
| 39 | EGO | Eldorado Gold CORP | 股票-其他 | 0.37% | — | +41.39% | |
| 40 | XOM | Exxon Mobil CORP | 股票-能源 | 0.36% | +0.13% | -18.25% | |
| 41 | PPC | Pilgrim's Pride CORP | 股票-非循環性消費 | 0.35% | +0.42% | -15.80% | |
| 42 | XPRO | Expro Group Holdings N.V. | 股票-其他 | 0.35% | -0.02% | +0.03% | |
| 43 | TDW | Tidewater Inc | 股票-能源 | 0.34% | -0.24% | -14.35% | |
| 44 | HP | Helmerich & Payne | 股票-能源 | 0.33% | +0.26% | -54.28% | |
| 45 | NOV | Nov Inc | 股票-能源 | 0.32% | +0.12% | +8.32% | |
| 46 | HL | Hecla Mining Co | 股票-原物料 | 0.31% | +0.12% | NEW | |
| 47 | MP | Mp Materials CORP | 股票-原物料 | 0.31% | +0.23% | — | |
| 48 | INGR | Ingredion Inc | 股票-非循環性消費 | 0.30% | +0.17% | -56.17% | |
| 49 | CNQ | Canadian Natural Resources | 股票-能源 | 0.30% | -0.02% | +224.92% | |
| 50 | PAAS | Pan American Silver CORP | 股票-原物料 | 0.29% | — | -12.81% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | HBM | Hudbay Minerals Inc | +0.4% | -11.28% | 減碼 |
| 2 | AA | Alcoa CORP | +0.3% | -25.20% | 減碼 |
| 3 | LBRT | Liberty Energy Inc | +0.3% | -20.62% | 減碼 |
| 4 | TSN | Tyson Foods Inc-cl A | +0.2% | +13.78% | 加碼 |
| 5 | CVX | Chevron CORP | +0.2% | +474.19% | 加碼 |
| 6 | CNQ | Canadian Natural Resources | +0.2% | +224.92% | 加碼 |
| 7 | DAR | Darling Ingredients Inc | +0.2% | +10.84% | 加碼 |
| 8 | EGO | Eldorado Gold CORP | +0.2% | +41.39% | 加碼 |
| 9 | FLNC | Fluence Energy Inc | +0.2% | -32.31% | 減碼 |
| 10 | OXY | Occidental Petroleum CORP | +0.2% | +289.76% | 加碼 |
| 11 | PUMP | Propetro Holding CORP | +0.2% | -25.51% | 減碼 |
| 12 | EFXT | Enerflex LTD | +0.2% | +41.14% | 加碼 |
| 13 | FCX | Freeport-mcmoran Inc | +0.2% | -13.47% | 減碼 |
| 14 | CHRD | Chord Energy CORP | +0.1% | +20.91% | 加碼 |
| 15 | CGAU | Centerra Gold Inc | +0.1% | -16.87% | 減碼 |
| 16 | BTE | Baytex Energy CORP | +0.1% | -23.90% | 減碼 |
| 17 | CENX | Century Aluminum Company | +0.1% | -20.09% | 減碼 |
| 18 | NEM | Newmont CORP | +0.1% | +35.31% | 加碼 |
| 19 | NOV | Nov Inc | +0.1% | +8.32% | 加碼 |
| 20 | SLB | Slb LTD | +0.1% | +0.24% | 加碼 |
| 21 | CWT | California Water Service Grp | +0.1% | +23.86% | 加碼 |
| 22 | PAAS | Pan American Silver CORP | +0.1% | -12.81% | 減碼 |
| 23 | XPRO | Expro Group Holdings N.V. | +0.1% | +0.03% | 加碼 |
| 24 | CIVI | Civitas Resources Inc | +0.1% | +17.15% | 加碼 |
| 25 | CRGY | Crescent Energy Inc-a | +0.1% | +310.55% | 加碼 |
| 26 | ERO | Ero Copper CORP | +0.1% | -17.49% | 減碼 |
| 27 | CTRA | Coterra Energy Inc | +0.1% | -7.71% | 減碼 |
| 28 | MUR | Murphy Oil CORP | +0.1% | -16.57% | 減碼 |
| 29 | ENPH | Enphase Energy Inc | +0.1% | +70.95% | 加碼 |
| 30 | AMPX | Amprius Technologies Inc | +0.1% | +90.93% | 加碼 |
| 31 | HAL | Halliburton Co | +0.1% | -17.81% | 減碼 |
| 32 | WFG | West Fraser Timber Co LTD | +0.1% | +6.51% | 加碼 |
| 33 | PTEN | Patterson-uti Energy Inc | +0.1% | -17.52% | 減碼 |
| 34 | VLTO | Veralto CORP | 0% | -2.18% | 減碼 |
| 35 | RIO | Rio Tinto Plc-spon Adr | 0% | — | 不變 |
| 36 | VAL | Valaris Limited | 0% | +2.77% | 加碼 |
| 37 | DNOW | Dnow Inc | 0% | +21.24% | 加碼 |
| 38 | SU | Suncor Energy Inc | 0% | -15.31% | 減碼 |
| 39 | ALB | Albemarle CORP | 0% | -13.35% | 減碼 |
| 40 | IAG | Iamgold CORP | 0% | -12.76% | 減碼 |
| 41 | RES | Rpc Inc | 0% | -16.47% | 減碼 |
| 42 | PDS | Precision Drilling CORP | 0% | -15.91% | 減碼 |
| 43 | BHP | Bhp Group Ltd-spon Adr | 0% | — | 不變 |
| 44 | CLB | Core Laboratories Inc | 0% | -19.22% | 減碼 |
| 45 | CALM | Cal-maine Foods Inc | 0% | +4.14% | 加碼 |
| 46 | FSM | Fortuna Mining CORP | 0% | -18.09% | 減碼 |
| 47 | AGCO | Agco CORP | 0% | -9.34% | 減碼 |
| 48 | GPRE | Green Plains Inc | 0% | -16.59% | 減碼 |
| 49 | TX | Ternium Sa-sponsored Adr | 0% | -15.18% | 減碼 |
| 50 | VALE | Vale Sa-sp Adr | 0% | — | 不變 |
根據 SEC 官方 Form 13F 申報備案，CoreCommodity Management, LLC 在 Q4 2025 季度的美股持倉總市值約為 US$5.0億，共申報了 117 個公開持股部位。
在 Q4 2025 季度，CoreCommodity Management, LLC 按市值排列的前三大核心持股分別為：CCNR (64.8%)、HBM (1.6%)、AA (1.1%)。其中最大持股部位 CCNR 佔據整體投資組合約 64.8% 的權重。
在 Q4 2025 季度中，CoreCommodity Management, LLC 共進行了 128 項持倉異動，包含新建倉 7 個部位、加碼 22 個部位、減碼 82 個部位以及清倉 17 個部位。 其中最大新建倉標的為 MP。 本季清倉部位包含 FSLR。
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。
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。
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。