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: 0001853322
申報總市值
US$15.5億
US$15.5億
1139 檔
5.8%
在 Q2 2025 的 13F 官方備案中，Dark Forest Capital Management LP 管理的美股投資組合規模來到 US$15.5億，整體持股檔數為 1139 檔。
Dark Forest Capital Management LP 於 Q2 2025 展現出進攻型調倉步調，本季推動了 51 檔股票的新建倉與 72 檔既有部位加碼，整體資金傾向擴大在美股市場的曝險佈局。
在資產配置集中度方面，Dark Forest Capital Management LP 的前 5 大核心持股（包含 LNG, MSFT, NVDA 等）合計佔整體申報市值的 5.8%，反映機構在主要關鍵部位上的權重分佈。
僅顯示前 200 大持股（共 1139 檔）
| # | 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 | LNG | Cheniere Energy Inc | 股票-能源 | 0.78% | -0.53% | EXIT | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 0.72% | +0.01% | +18.52% | |
| 3 | NVDA | Nvidia CORP | 股票-科技 | 0.71% | -0.21% | +75.30% | |
| 4 | PANW | Palo Alto Networks Inc | 股票-科技 | 0.71% | -0.04% | EXIT | |
| 5 | SPG | Simon Property Group Inc | 股票-房地產 | 0.66% | — | +1269.75% | |
| 6 | MS | Morgan Stanley | 股票-金融 | 0.53% | +0.25% | NEW | |
| 7 | AMZN | Amazon.com Inc | 股票-循環性消費 | 0.53% | -0.15% | +36.00% | |
| 8 | AAPL | Apple Inc | 股票-科技 | 0.51% | -0.46% | +56.99% | |
| 9 | GGG | Graco Inc | 股票-工業 | 0.50% | +0.17% | +508.17% | |
| 10 | FERG | Ferguson Enterprises Inc | 股票-工業 | 0.50% | -0.56% | +202.20% | |
| 11 | BAC | Bank Of America CORP | 股票-金融 | 0.50% | — | +280.64% | |
| 12 | VEEV | Veeva Systems Inc-class A | 股票-醫療保健 | 0.46% | -0.52% | EXIT | |
| 13 | MGY | Magnolia Oil & Gas CORP - A | 股票-能源 | 0.45% | +0.02% | +191.01% | |
| 14 | KHC | Kraft Heinz Co/the | 股票-非循環性消費 | 0.44% | — | +366.34% | |
| 15 | BLK | Blackrock Inc | 股票-金融 | 0.41% | -0.08% | EXIT | |
| 16 | COF | Capital One Financial CORP | 股票-金融 | 0.41% | +0.06% | NEW | |
| 17 | TIP | Ishares Tips Bond ETF | ETF-其他 | 0.40% | — | — | |
| 18 | GE | General Electric | 股票-工業 | 0.39% | — | +1.05% | |
| 19 | FTI | TechnipFMC plc | 股票-能源 | 0.38% | -0.26% | EXIT | |
| 20 | ORI | Old Republic Intl CORP | 股票-金融 | 0.37% | -0.14% | -9.22% | |
| 21 | PSX | Phillips 66 | 股票-能源 | 0.37% | -0.11% | — | |
| 22 | DOV | Dover CORP | 股票-工業 | 0.37% | — | +17.72% | |
| 23 | SYU1 | Synovus Financial CORP | 股票-其他 | 0.36% | — | +165.14% | |
| 24 | RRR | Red Rock Resorts Inc-class A | 股票-其他 | 0.35% | — | +40.83% | |
| 25 | NE | Noble Corporation plc | 股票-能源 | 0.34% | — | +11.04% | |
| 26 | POR | Portland General Electric Co | 股票-公用事業 | 0.34% | +0.18% | NEW | |
| 27 | ARW | Arrow Electronics Inc | 股票-科技 | 0.34% | +0.02% | +573.92% | |
| 28 | GM | General Motors Co | 股票-循環性消費 | 0.34% | -0.11% | +228.14% | |
| 29 | LMT | Lockheed Martin CORP | 股票-工業 | 0.33% | -0.10% | EXIT | |
| 30 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 0.33% | — | -32.50% | |
| 31 | AMED | Amedisys Inc | 股票-其他 | 0.33% | — | +965.25% | |
| 32 | UNP | Union Pacific CORP | 股票-工業 | 0.32% | -0.71% | — | |
| 33 | OXY | Occidental Petroleum CORP | 股票-能源 | 0.32% | -0.04% | +49.50% | |
| 34 | BAH | Booz Allen Hamilton Holdings | 股票-工業 | 0.31% | — | +18.48% | |
| 35 | CTAS | Cintas CORP | 股票-工業 | 0.31% | +0.12% | +247.93% | |
| 36 | SRE | Sempra | 股票-公用事業 | 0.31% | +0.26% | NEW | |
| 37 | SBAC | Sba Communications CORP | 股票-房地產 | 0.31% | — | +145.71% | |
| 38 | GEV | GE Vernova Inc | 股票-工業 | 0.30% | — | +52.55% | |
| 39 | MET | Metlife Inc | 股票-金融 | 0.30% | -0.19% | EXIT | |
| 40 | EXPO | Exponent Inc | 股票-工業 | 0.29% | — | +112.19% | |
| 41 | ARES | Ares Management CORP - A | 股票-金融 | 0.29% | — | +71.84% | |
| 42 | AMKR | Amkor Technology Inc | 股票-科技 | 0.28% | +0.02% | — | |
| 43 | NLY | Annaly Capital Management In | 股票-房地產 | 0.28% | — | +215.47% | |
| 44 | GIS | General Mills Inc | 股票-非循環性消費 | 0.28% | — | +339.01% | |
| 45 | KDP | Keurig Dr Pepper Inc | 股票-非循環性消費 | 0.28% | — | +55.43% | |
| 46 | WLK | Westlake CORP | 股票-原物料 | 0.28% | +0.03% | NEW | |
| 47 | NWE | Northwestern Energy Group In | 股票-公用事業 | 0.28% | +0.06% | NEW | |
| 48 | RELY | Remitly Global Inc | 股票-其他 | 0.28% | -0.22% | EXIT | |
| 49 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.28% | +0.32% | +63.34% | |
| 50 | DLTR | Dollar Tree Inc | 股票-非循環性消費 | 0.27% | -0.04% | EXIT |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | SPG | Simon Property Group Inc | +0.6% | +1269.75% | 加碼 |
| 2 | GGG | Graco Inc | +0.4% | +508.17% | 加碼 |
| 3 | TIP | Ishares Tips Bond ETF | +0.4% | NEW | 新建倉 |
| 4 | NVDA | Nvidia CORP | +0.4% | +75.30% | 加碼 |
| 5 | BAC | Bank Of America CORP | +0.4% | +280.64% | 加碼 |
| 6 | PSX | Phillips 66 | +0.4% | NEW | 新建倉 |
| 7 | FERG | Ferguson Enterprises Inc | +0.4% | +202.20% | 加碼 |
| 8 | COF | Capital One Financial CORP | +0.3% | +319.80% | 加碼 |
| 9 | UNP | Union Pacific CORP | +0.3% | NEW | 新建倉 |
| 10 | KHC | Kraft Heinz Co/the | +0.3% | +366.34% | 加碼 |
| 11 | SRE | Sempra | +0.3% | NEW | 新建倉 |
| 12 | LMT | Lockheed Martin CORP | +0.3% | +1324.86% | 加碼 |
| 13 | AMED | Amedisys Inc | +0.3% | +965.25% | 加碼 |
| 14 | MS | Morgan Stanley | +0.3% | +106.41% | 加碼 |
| 15 | ARW | Arrow Electronics Inc | +0.3% | +573.92% | 加碼 |
| 16 | PANW | Palo Alto Networks Inc | +0.3% | +55.62% | 加碼 |
| 17 | AMKR | Amkor Technology Inc | +0.3% | NEW | 新建倉 |
| 18 | SCHW | Schwab (charles) CORP | +0.3% | NEW | 新建倉 |
| 19 | VEEV | Veeva Systems Inc-class A | +0.3% | +108.29% | 加碼 |
| 20 | INTU | Intuit Inc | +0.3% | NEW | 新建倉 |
| 21 | AOS | Smith (a.o.) CORP | +0.3% | NEW | 新建倉 |
| 22 | MGY | Magnolia Oil & Gas CORP - A | +0.3% | +191.01% | 加碼 |
| 23 | GLPI | Gaming And Leisure Propertie | +0.3% | NEW | 新建倉 |
| 24 | MET | Metlife Inc | +0.3% | +541.33% | 加碼 |
| 25 | DLTR | Dollar Tree Inc | +0.3% | +839.59% | 加碼 |
| 26 | APD | Air Products & Chemicals Inc | +0.3% | NEW | 新建倉 |
| 27 | WLK | Westlake CORP | +0.2% | +929.05% | 加碼 |
| 28 | NWE | Northwestern Energy Group In | +0.2% | +780.09% | 加碼 |
| 29 | BKH | Black Hills CORP | +0.2% | NEW | 新建倉 |
| 30 | GM | General Motors Co | +0.2% | +228.14% | 加碼 |
| 31 | SYU1 | Synovus Financial CORP | +0.2% | +165.14% | 加碼 |
| 32 | CTAS | Cintas CORP | +0.2% | +247.93% | 加碼 |
| 33 | MKL | Markel Group Inc | +0.2% | +1192.77% | 加碼 |
| 34 | AVA | Avista CORP | +0.2% | +551.86% | 加碼 |
| 35 | CRC | California Resources CORP | +0.2% | NEW | 新建倉 |
| 36 | DEI | Douglas Emmett Inc | +0.2% | +1868.71% | 加碼 |
| 37 | AIT | Applied Industrial Tech Inc | +0.2% | NEW | 新建倉 |
| 38 | BLK | Blackrock Inc | +0.2% | +107.47% | 加碼 |
| 39 | TOL | Toll Brothers Inc | +0.2% | +1257.29% | 加碼 |
| 40 | RELY | Remitly Global Inc | +0.2% | +390.05% | 加碼 |
| 41 | CNP | Centerpoint Energy Inc | +0.2% | NEW | 新建倉 |
| 42 | UDR | Udr Inc | +0.2% | NEW | 新建倉 |
| 43 | MSFT | Microsoft CORP | +0.2% | +18.52% | 加碼 |
| 44 | GIS | General Mills Inc | +0.2% | +339.01% | 加碼 |
| 45 | CACI | Caci International Inc -cl A | +0.2% | +1416.83% | 加碼 |
| 46 | NFLX | Netflix Inc | +0.2% | +200.31% | 加碼 |
| 47 | OWL | Blue Owl Capital Inc | +0.2% | NEW | 新建倉 |
| 48 | SPGI | S&p Global Inc | +0.2% | +1002.09% | 加碼 |
| 49 | SBAC | Sba Communications CORP | +0.2% | +145.71% | 加碼 |
| 50 | WTS | Watts Water Technologies-a | +0.2% | +348.74% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Dark Forest Capital Management LP 在 Q2 2025 季度的美股持倉總市值約為 US$15.5億，共申報了 1139 個公開持股部位。
在 Q2 2025 季度，Dark Forest Capital Management LP 按市值排列的前三大核心持股分別為：LNG (0.8%)、MSFT (0.7%)、NVDA (0.7%)。其中最大持股部位 LNG 佔據整體投資組合約 0.8% 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
TIP
市值: US$1009.5萬
本季最大獲利了結 / 清倉標的
CRH
前期市值: US$2385.0萬
在 Q2 2025 季度中，Dark Forest Capital Management LP 共進行了 200 項持倉異動，包含新建倉 51 個部位、加碼 72 個部位、減碼 34 個部位以及清倉 43 個部位。 其中最大新建倉標的為 TIP。 本季清倉部位包含 CRH。
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。