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: 0001353098
申報總市值
US$3.9億
US$3.9億
137 檔
18.5%
根據最新整理的 13F 季度數據集，Cutler Capital Management, LLC 於 Q1 2026 結束時的管理資產規模為 US$3.9億。該機構在本季度申報了 137 檔美股持倉，呈現出該時期的主要投資地圖。
在 Q1 2026，Cutler Capital Management, LLC 展現出較為審慎的避險與獲利了結姿態。本季共減碼 48 個部位並完全清倉 9 檔持股，調降曝險的部位數量高於加碼動作。
檢視投資組合結構，前 5 大主力部位（包含 AEM, MET, CTO）占據了總市值的 18.5%，展現出該機構在 Q1 2026 的重點資金聚焦與風險分佈特徵。
| # | 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 | AEM | Agnico Eagle Mines LTD | 股票-原物料 | 6.51% | -1.82% | -1.26% | |
| 2 | MET | Metlife Inc | 股票-金融 | 3.36% | +0.41% | +5.80% | |
| 3 | CTO | Cto Realty Growth Inc | 股票-其他 | 3.30% | +0.34% | -0.63% | |
| 4 | TSBK | Timberland Bancorp Inc | 股票-其他 | 3.10% | +0.22% | -0.21% | |
| 5 | EXSR | Exchange Bank Santa Rosa Cal | 股票-其他 | 2.98% | +0.23% | -0.34% | |
| 6 | SHEL | Shell Plc-adr | 股票-能源 | 2.78% | -0.58% | -0.56% | |
| 7 | BG | Bunge Global SA | 股票-非循環性消費 | 2.73% | -0.57% | -0.70% | |
| 8 | FENY | Fidelity Msci Energy Index | ETF-大型股與成長 | 2.46% | -0.41% | -2.85% | |
| 9 | PKBK | Parke Bancorp Inc | 股票-其他 | 2.44% | +0.27% | +0.31% | |
| 10 | FBIZ | First Business Financial Ser | 股票-其他 | 2.25% | +0.28% | +0.52% | |
| 11 | SBFG | Sb Financial Group Inc | 股票-其他 | 2.22% | +0.33% | -0.22% | |
| 12 | SIRI 3.75 03-15-28債券 | Sirius Xm Holdings | 債券 | 2.03% | +0.07% | — | |
| 13 | ✓ | 股票-其他 | 2.03% | — | +47.77% | ||
| 14 | ET | Energy Transfer LP | 股票-能源 | 1.97% | -0.25% | +1.05% | |
| 15 | PPL 2.875 03-15-28債券 | Ppl Capital Funding Inc | 債券 | 1.97% | -0.18% | — | |
| 16 | ✓ | 股票-其他 | 1.97% | — | -1.51% | ||
| 17 | VZ | Verizon Communications Inc | 股票-通訊服務 | 1.92% | -0.32% | +2.63% | |
| 18 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 1.90% | -0.06% | -0.23% | |
| 19 | PFE | Pfizer Inc | 股票-醫療保健 | 1.89% | -0.36% | -0.38% | |
| 20 | INVA 2.125 03-15-28債券 | Innoviva Inc | 債券 | 1.84% | -0.11% | — | |
| 21 | ✓ | 股票-其他 | 1.84% | — | -0.86% | ||
| 22 | PRGS 3.5 03-01-30債券 | Progress Software CORP | 債券 | 1.81% | +0.03% | — | |
| 23 | ✓ | 股票-其他 | 1.81% | — | +52.58% | ||
| 24 | BMBN | Benchmark Bankshares Inc | 股票-其他 | 1.70% | +0.23% | +0.12% | |
| 25 | VTRS | Viatris Inc | 股票-醫療保健 | 1.67% | +0.18% | -0.28% | |
| 26 | BORT | Bank Of Botetourt Buchanan V | 股票-其他 | 1.56% | +0.13% | +10.29% | |
| 27 | LFGP | Ledyard Financial Group Inc | 股票-其他 | 1.55% | +0.04% | -0.13% | |
| 28 | CPKF | Chesapeake Finl Shs Inc | 股票-其他 | 1.54% | +0.13% | — | |
| 29 | XRN | Chiron Real Estate Inc | 股票-其他 | 1.54% | +0.22% | +11.09% | |
| 30 | VICI | Vici Properties Inc | 股票-房地產 | 1.50% | -0.11% | +8.37% | |
| 31 | FXNC | First National Corp/va | 股票-其他 | 1.49% | +0.10% | +0.49% | |
| 32 | KIM 7.25 PERP N債券 | Kimco Realty CORP | 債券 | 1.45% | -0.03% | — | |
| 33 | ✓ | 股票-其他 | 1.45% | — | -0.06% | ||
| 34 | PTBS | Potomac Bancshares Inc | 股票-其他 | 1.23% | +0.21% | +0.17% | |
| 35 | MFGI | Merchants Financial Group In | 股票-其他 | 1.20% | +0.16% | +0.87% | |
| 36 | AAPL | Apple Inc | 股票-科技 | 1.20% | -1.14% | — | |
| 37 | NOG 3.625 04-15-29債券 | Northern Oil & Gas Inc | 債券 | 1.17% | +0.14% | — | |
| 38 | ✓ | 股票-其他 | 1.17% | — | +40.57% | ||
| 39 | WY | Weyerhaeuser Co | 股票-房地產 | 1.15% | +0.03% | +4.85% | |
| 40 | CSBB | Csb Bancorp Inc | 股票-其他 | 1.12% | -0.03% | -0.65% | |
| 41 | FMBM | F & M Bank CORP | 股票-其他 | 1.12% | +0.15% | — | |
| 42 | BAC 7.25 PERP L債券 | Bank Of America CORP | 債券 | 1.08% | +0.52% | — | |
| 43 | FSBH | Fsbh CORP | 股票-其他 | 1.04% | -0.02% | +14.29% | |
| 44 | CWBC | Community West Bancshares | 股票-其他 | 1.02% | +0.11% | -0.15% | |
| 45 | SFL | SFL Corporation Ltd. | 股票-其他 | 0.97% | -0.12% | -1.05% | |
| 46 | MOAT | Vaneck Morningstar Wide Moat | ETF-其他 | 0.96% | +0.05% | +20.12% | |
| 47 | APLE | Apple Hospitality Reit Inc | 股票-房地產 | 0.94% | +0.37% | +3.58% | |
| 48 | MSFT | Microsoft Corporation | 股票-科技 | 0.90% | -0.90% | EXIT | |
| 49 | ALRS | Alerus Financial CORP | 股票-其他 | 0.87% | +0.22% | -1.11% | |
| 50 | JAZZ 2 06-15-26債券 | Jazz Investments I LTD | 債券 | 0.84% | -0.84% | EXIT |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | BG | Bunge Global SA | +0.7% | -0.70% | 減碼 |
| 2 | ✓ | +0.6% | +47.77% | 加碼 | |
| 3 | AEM | Agnico Eagle Mines LTD | +0.6% | -1.26% | 減碼 |
| 4 | FENY | Fidelity Msci Energy Index | +0.5% | -2.85% | 減碼 |
| 5 | ✓ | +0.4% | +311.40% | 加碼 | |
| 6 | SHEL | Shell Plc-adr | +0.4% | -0.56% | 減碼 |
| 7 | NOG | Northern Oil And Gas Inc | +0.4% | +138.22% | 加碼 |
| 8 | ✓ | +0.4% | +40.57% | 加碼 | |
| 9 | ✓ | +0.4% | +52.58% | 加碼 | |
| 10 | VZ | Verizon Communications Inc | +0.3% | +2.63% | 加碼 |
| 11 | SFL | SFL Corporation Ltd. | +0.2% | -1.05% | 減碼 |
| 12 | ET | Energy Transfer LP | +0.2% | +1.05% | 加碼 |
| 13 | BORT | Bank Of Botetourt Buchanan V | +0.1% | +10.29% | 加碼 |
| 14 | PKBK | Parke Bancorp Inc | +0.1% | +0.31% | 加碼 |
| 15 | SLB | Slb LTD | +0.1% | -0.80% | 減碼 |
| 16 | EXSR | Exchange Bank Santa Rosa Cal | +0.1% | -0.34% | 減碼 |
| 17 | MRK | Merck & Co. Inc. | +0.1% | -0.23% | 減碼 |
| 18 | BBT | Beacon Financial CORP | +0.1% | +11.64% | 加碼 |
| 19 | ✓ | +0.1% | +50.86% | 加碼 | |
| 20 | FSBH | Fsbh CORP | +0.1% | +14.29% | 加碼 |
| 21 | PFE | Pfizer Inc | +0.1% | -0.38% | 減碼 |
| 22 | LFGP | Ledyard Financial Group Inc | +0.1% | -0.13% | 減碼 |
| 23 | CPKF | Chesapeake Finl Shs Inc | +0.1% | — | 不變 |
| 24 | CSBB | Csb Bancorp Inc | +0.1% | -0.65% | 減碼 |
| 25 | TSBK | Timberland Bancorp Inc | +0.1% | -0.21% | 減碼 |
| 26 | CNH | CNH Industrial N.V. | +0.1% | -0.37% | 減碼 |
| 27 | MOAT | Vaneck Morningstar Wide Moat | 0% | +20.12% | 加碼 |
| 28 | T | At&t Inc | 0% | -0.16% | 減碼 |
| 29 | CZBT | Citizens Bancorp Of Virginia | 0% | +12.97% | 加碼 |
| 30 | IAT | Ishares US Regional Banks Et | 0% | +28.57% | 加碼 |
| 31 | MFGI | Merchants Financial Group In | 0% | +0.87% | 加碼 |
| 32 | BMBN | Benchmark Bankshares Inc | 0% | +0.12% | 加碼 |
| 33 | XRN | Chiron Real Estate Inc | 0% | +11.09% | 加碼 |
| 34 | VOO | Vanguard S&p 500 ETF | 0% | +19.66% | 加碼 |
| 35 | QABA | First Trust Nasdaq Aba Cbif | 0% | +18.87% | 加碼 |
| 36 | VTRS | Viatris Inc | 0% | -0.28% | 減碼 |
| 37 | TSN | Tyson Foods Inc-cl A | 0% | -0.37% | 減碼 |
| 38 | XOM | Exxon Mobil CORP | 0% | — | 不變 |
| 39 | KR | Kroger Co | 0% | -3.88% | 減碼 |
| 40 | FXNC | First National Corp/va | — | +0.49% | 加碼 |
| 41 | PTBS | Potomac Bancshares Inc | — | +0.17% | 加碼 |
| 42 | WY | Weyerhaeuser Co | — | +4.85% | 加碼 |
| 43 | PFIS | Peoples Financial Services | — | — | 不變 |
| 44 | AGI | Alamos Gold Inc-class A | — | -5.25% | 減碼 |
| 45 | IFF | Intl Flavors & Fragrances | — | -1.48% | 減碼 |
| 46 | ALB 7.25 03-01-27債券 | Albemarle CORP | — | -8.78% | 減碼 |
| 47 | SKE | Skeena Resources LTD | — | -13.94% | 減碼 |
| 48 | DUK | Duke Energy CORP | — | — | 不變 |
| 49 | GLD | Spdr Gold Shares | — | — | 不變 |
| 50 | SLV | Ishares Silver Trust | — | -14.19% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Cutler Capital Management, LLC 在 Q1 2026 季度的美股持倉總市值約為 US$3.9億，共申報了 137 個公開持股部位。
在 Q1 2026 季度，Cutler Capital Management, LLC 按市值排列的前三大核心持股分別為：AEM (6.5%)、MET (3.4%)、CTO (3.3%)。其中最大持股部位 AEM 佔據整體投資組合約 6.5% 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
BAC 7.25 PERP L
市值: US$399.8萬
本季最大獲利了結 / 清倉標的
LXPUSD
前期市值: US$268.9萬
在 Q1 2026 季度中，Cutler Capital Management, LLC 共進行了 95 項持倉異動，包含新建倉 3 個部位、加碼 35 個部位、減碼 48 個部位以及清倉 9 個部位。 其中最大新建倉標的為 BAC 7.25 PERP L。 本季清倉部位包含 LXPUSD。
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。