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: 0000767684
申報總市值
US$10.2萬
US$10.2萬
76 檔
9517.7%
Delphi Management Inc /ma/ 在 Q4 2025 季度的美股部位總計估值為 US$10.2萬，分散於 76 個持倉標的之中，反映其市場參與廣度與投資規模。
數據顯示 Delphi Management Inc /ma/ 於 Q4 2025 季度持續回收資金，對 46 個既有部位進行裁減並清倉 11 個標的，組合整體流動性比重有所上升。
在資產配置集中度方面，Delphi Management Inc /ma/ 的前 5 大核心持股（包含 BRK-B, AAPL, EXPE 等）合計佔整體申報市值的 9517.7%，反映機構在主要關鍵部位上的權重分佈。
| # | 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 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 2.46% | -0.12% | -2.88% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 2.15% | -0.17% | -3.42% | |
| 3 | EXPE | Expedia Group Inc | 股票-循環性消費 | 1.64% | +0.21% | -17.20% | |
| 4 | TPR | Tapestry Inc | 股票-循環性消費 | 1.63% | -0.21% | -6.52% | |
| 5 | GS | Goldman Sachs Group Inc | 股票-金融 | 1.60% | +0.02% | -8.58% | |
| 6 | CB | Chubb Limited | 股票-金融 | 1.58% | -0.16% | +13.29% | |
| 7 | NVS | Novartis Ag-sponsored Adr | 股票-醫療保健 | 1.57% | -0.24% | -2.83% | |
| 8 | SDZNY | Sandoz Group Ag-adr | 股票-其他 | 1.56% | -0.09% | -9.51% | |
| 9 | JHG | Janus Henderson Group plc | 股票-金融 | 1.56% | — | -2.96% | |
| 10 | MS | Morgan Stanley | 股票-金融 | 1.55% | +0.05% | -9.85% | |
| 11 | ASX | Ase Technology Holding -adr | 股票-科技 | 1.54% | +0.28% | -25.10% | |
| 12 | JBL | Jabil Inc | 股票-科技 | 1.54% | +0.02% | -2.03% | |
| 13 | USB | US Bancorp | 股票-金融 | 1.53% | -0.03% | -1.85% | |
| 14 | SF | Stifel Financial CORP | 股票-金融 | 1.52% | -0.04% | -2.50% | |
| 15 | SSNC | Ss&c Technologies Holdings | 股票-科技 | 1.52% | -0.23% | +3.57% | |
| 16 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.52% | +0.03% | -3.27% | |
| 17 | TXT | Textron Inc | 股票-工業 | 1.52% | -0.11% | -2.12% | |
| 18 | CAC | Camden National CORP | 股票-其他 | 1.51% | -0.13% | -0.69% | |
| 19 | FR | First Industrial Realty Tr | 股票-房地產 | 1.51% | -0.17% | -0.33% | |
| 20 | AXP | American Express Co | 股票-金融 | 1.51% | +0.02% | -9.95% | |
| 21 | SANM | Sanmina CORP | 股票-科技 | 1.50% | +0.25% | -21.66% | |
| 22 | ABBV | Abbvie Inc | 股票-醫療保健 | 1.49% | +0.07% | -3.03% | |
| 23 | MTB | M & T Bank CORP | 股票-金融 | 1.48% | -0.03% | — | |
| 24 | ✓ | Ituran Location And Control | 股票-其他 | 1.48% | -0.15% | -2.48% | |
| 25 | DIS | Walt Disney Co/the | 股票-通訊服務 | 1.46% | -0.04% | +6.37% | |
| 26 | GHC | Graham Holdings Co-class B | 股票-工業 | 1.46% | -0.18% | -1.37% | |
| 27 | CCK | Crown Holdings Inc | 股票-循環性消費 | 1.46% | -0.12% | — | |
| 28 | CAKE | Cheesecake Factory Inc/the | 股票-循環性消費 | 1.45% | +0.10% | +29.72% | |
| 29 | HIG | Hartford Insurance Group Inc | 股票-金融 | 1.45% | -0.05% | +4.17% | |
| 30 | SNX | TD Synnex CORP | 股票-科技 | 1.45% | -0.19% | -5.81% | |
| 31 | FLEX | Flex Ltd. | 股票-科技 | 1.44% | -0.31% | -10.04% | |
| 32 | RL | Ralph Lauren CORP | 股票-循環性消費 | 1.44% | -0.06% | -15.74% | |
| 33 | HTGC | Hercules Capital Inc | 股票-金融 | 1.44% | -0.13% | +5.11% | |
| 34 | AZZ | Azz Inc | 股票-工業 | 1.44% | -0.04% | -3.33% | |
| 35 | RNR | RenaissanceRe Holdings Ltd. | 股票-金融 | 1.43% | -0.04% | -1.10% | |
| 36 | UNTY | Unity Bancorp Inc | 股票-其他 | 1.43% | -0.10% | -2.08% | |
| 37 | NXST | Nexstar Media Group Inc | 股票-通訊服務 | 1.43% | +0.14% | +8.34% | |
| 38 | PUBGY | Publicis Groupe-adr | 股票-其他 | 1.42% | -0.06% | -2.17% | |
| 39 | DELL | Dell Technologies -c | 股票-科技 | 1.42% | +0.17% | +7.58% | |
| 40 | STAG | Stag Industrial Inc | 股票-房地產 | 1.42% | -0.06% | +1.59% | |
| 41 | INGR | Ingredion Inc | 股票-非循環性消費 | 1.40% | -1.39% | EXIT | |
| 42 | LDOS | Leidos Holdings Inc | 股票-科技 | 1.39% | -1.17% | EXIT | |
| 43 | THG | Hanover Insurance Group Inc/ | 股票-金融 | 1.39% | — | +1.27% | |
| 44 | AMTM | Amentum Holdings Inc | 股票-工業 | 1.39% | -0.06% | — | |
| 45 | LH | Labcorp Holdings Inc | 股票-醫療保健 | 1.38% | -0.01% | +6.55% | |
| 46 | FAF | First American Financial | 股票-金融 | 1.37% | -0.09% | +3.11% | |
| 47 | BATRK | Atlanta Braves Holdings In-c | 股票-其他 | 1.37% | -0.18% | +18.18% | |
| 48 | STLD | Steel Dynamics Inc | 股票-原物料 | 1.35% | -0.16% | +399.14% | |
| 49 | AMAT | Applied Materials Inc | 股票-科技 | 1.34% | +0.65% | -34.24% | |
| 50 | NFG | National Fuel Gas Co | 股票-能源 | 1.34% | -0.69% | -1.47% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | STLD | Steel Dynamics Inc | +1.1% | +399.14% | 加碼 |
| 2 | SMP | Standard Motor Prods | +1% | +506.28% | 加碼 |
| 3 | CB | Chubb Limited | +0.4% | +13.29% | 加碼 |
| 4 | CAKE | Cheesecake Factory Inc/the | +0.3% | +29.72% | 加碼 |
| 5 | ✓ | Ituran Location And Control | +0.3% | -2.48% | 減碼 |
| 6 | INGR | Ingredion Inc | +0.2% | +27.65% | 加碼 |
| 7 | CAC | Camden National CORP | +0.2% | -0.69% | 減碼 |
| 8 | FR | First Industrial Realty Tr | +0.2% | -0.33% | 減碼 |
| 9 | BATRK | Atlanta Braves Holdings In-c | +0.2% | +18.18% | 加碼 |
| 10 | SDZNY | Sandoz Group Ag-adr | +0.2% | -9.51% | 減碼 |
| 11 | EXPE | Expedia Group Inc | +0.2% | -17.20% | 減碼 |
| 12 | NXST | Nexstar Media Group Inc | +0.2% | +8.34% | 加碼 |
| 13 | RNR | RenaissanceRe Holdings Ltd. | +0.2% | -1.10% | 減碼 |
| 14 | ASX | Ase Technology Holding -adr | +0.2% | -25.10% | 減碼 |
| 15 | USB | US Bancorp | +0.2% | -1.85% | 減碼 |
| 16 | ANF | Abercrombie & Fitch Co-cl A | +0.2% | -13.78% | 減碼 |
| 17 | EOG | Eog Resources Inc | +0.2% | +18.39% | 加碼 |
| 18 | ARW | Arrow Electronics Inc | +0.2% | +20.85% | 加碼 |
| 19 | SF | Stifel Financial CORP | +0.2% | -2.50% | 減碼 |
| 20 | HIG | Hartford Insurance Group Inc | +0.2% | +4.17% | 加碼 |
| 21 | TPR | Tapestry Inc | +0.2% | -6.52% | 減碼 |
| 22 | AAPL | Apple Inc | +0.2% | -3.42% | 減碼 |
| 23 | TTAM | Titan America SA | +0.2% | +31.03% | 加碼 |
| 24 | DIS | Walt Disney Co/the | +0.1% | +6.37% | 加碼 |
| 25 | STAG | Stag Industrial Inc | +0.1% | +1.59% | 加碼 |
| 26 | PUBGY | Publicis Groupe-adr | +0.1% | -2.17% | 減碼 |
| 27 | NVS | Novartis Ag-sponsored Adr | +0.1% | -2.83% | 減碼 |
| 28 | HTGC | Hercules Capital Inc | +0.1% | +5.11% | 加碼 |
| 29 | JHG | Janus Henderson Group plc | +0.1% | -2.96% | 減碼 |
| 30 | UNTY | Unity Bancorp Inc | +0.1% | -2.08% | 減碼 |
| 31 | JBL | Jabil Inc | +0.1% | -2.03% | 減碼 |
| 32 | EG | Everest Group, Ltd. | +0.1% | +7.62% | 加碼 |
| 33 | SANM | Sanmina CORP | +0.1% | -21.66% | 減碼 |
| 34 | SSNC | Ss&c Technologies Holdings | +0.1% | +3.57% | 加碼 |
| 35 | BHB | Bar Harbor Bankshares | +0.1% | +0.43% | 加碼 |
| 36 | THG | Hanover Insurance Group Inc/ | +0.1% | +1.27% | 加碼 |
| 37 | TXT | Textron Inc | +0.1% | -2.12% | 減碼 |
| 38 | GS | Goldman Sachs Group Inc | +0.1% | -8.58% | 減碼 |
| 39 | BXSL | Blackstone Secured Lending F | +0.1% | +0.92% | 加碼 |
| 40 | MS | Morgan Stanley | +0.1% | -9.85% | 減碼 |
| 41 | AXP | American Express Co | +0.1% | -9.95% | 減碼 |
| 42 | BRK-B | Berkshire Hathaway Inc-cl B | +0.1% | -2.88% | 減碼 |
| 43 | INCY | Incyte CORP | +0.1% | -10.28% | 減碼 |
| 44 | FAF | First American Financial | +0.1% | +3.11% | 加碼 |
| 45 | JPM | Jpmorgan Chase & Co | +0.1% | -3.27% | 減碼 |
| 46 | SNA | Snap-on Inc | 0% | -1.18% | 減碼 |
| 47 | ARCC | Ares Capital CORP | 0% | -0.83% | 減碼 |
| 48 | EXP | Eagle Materials Inc | 0% | +9.50% | 加碼 |
| 49 | GBDC | Golub Capital Bdc Inc | 0% | +1.72% | 加碼 |
| 50 | TOL | Toll Brothers Inc | 0% | -1.97% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Delphi Management Inc /ma/ 在 Q4 2025 季度的美股持倉總市值約為 US$10.2萬，共申報了 76 個公開持股部位。
在 Q4 2025 季度，Delphi Management Inc /ma/ 按市值排列的前三大核心持股分別為：BRK-B (2.5%)、AAPL (2.1%)、EXPE (1.6%)。其中最大持股部位 BRK-B 佔據整體投資組合約 2.5% 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
MTB
市值: US$152.4萬
本季最大獲利了結 / 清倉標的
DOX
前期市值: US$144.6萬
在 Q4 2025 季度中，Delphi Management Inc /ma/ 共進行了 87 項持倉異動，包含新建倉 6 個部位、加碼 24 個部位、減碼 46 個部位以及清倉 11 個部位。 其中最大新建倉標的為 MTB。 本季清倉部位包含 DOX。
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。