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: 0001142941
申報總市值
US$9.9億
US$9.9億
297 檔
14.5%
在 Q3 2025 的 13F 官方備案中，Denali Advisors LLC 管理的美股投資組合規模來到 US$9.9億，整體持股檔數為 297 檔。
觀察 Q3 2025 的資金脈絡，Denali Advisors LLC 在獲利結算 9 檔個股的同時，將資本重新部署至 9 檔新選標的，展現主動管理機構的輪動節奏。
在資產配置集中度方面，Denali Advisors LLC 的前 5 大核心持股（包含 NVDA, MSFT, AAPL 等）合計佔整體申報市值的 14.5%，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 297 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 | NVDA | Nvidia CORP | 股票-科技 | 4.59% | +0.18% | -27.77% | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 4.07% | -0.72% | -26.40% | |
| 3 | AAPL | Apple Inc | 股票-科技 | 3.42% | -0.39% | -24.52% | |
| 4 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 2.12% | +0.83% | -27.42% | |
| 5 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.03% | -0.24% | -36.17% | |
| 6 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.98% | -0.22% | -26.85% | |
| 7 | HOOD | Robinhood Markets Inc - A | 股票-金融 | 1.51% | -0.52% | EXIT | |
| 8 | NFLX | Netflix Inc | 股票-通訊服務 | 1.40% | -0.36% | -20.68% | |
| 9 | AVGO | Broadcom Inc | 股票-科技 | 1.39% | +0.15% | -35.90% | |
| 10 | TSLA | Tesla Inc | 股票-循環性消費 | 1.11% | +0.02% | -27.84% | |
| 11 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 1.10% | -0.47% | -17.58% | |
| 12 | T | At&t Inc | 股票-通訊服務 | 1.04% | -0.49% | -18.70% | |
| 13 | ORCL | Oracle CORP | 股票-科技 | 1.03% | -0.05% | +10.85% | |
| 14 | ARCC | Ares Capital CORP | 股票-金融 | 1.03% | -0.10% | -20.83% | |
| 15 | WMT | Walmart Inc | 股票-非循環性消費 | 0.97% | -0.20% | -20.30% | |
| 16 | GRBK | Green Brick Partners Inc | 股票-其他 | 0.93% | +0.06% | +0.49% | |
| 17 | CCSI | Consensus Cloud Solution | 股票-其他 | 0.92% | +0.19% | +13.61% | |
| 18 | AEM | Agnico Eagle Mines LTD | 股票-原物料 | 0.92% | -0.28% | -6.70% | |
| 19 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.91% | -0.19% | -21.73% | |
| 20 | CMRE | Costamare Inc. | 股票-其他 | 0.90% | -0.21% | -6.95% | |
| 21 | BKE | Buckle Inc/the | 股票-其他 | 0.89% | -0.17% | -12.41% | |
| 22 | MO | Altria Group Inc | 股票-非循環性消費 | 0.87% | -0.01% | -15.74% | |
| 23 | FOR | Forestar Group Inc | 股票-其他 | 0.86% | +0.13% | -14.73% | |
| 24 | MBIN | Merchants Bancorp/in | 股票-其他 | 0.86% | -0.05% | +19.40% | |
| 25 | MAIN | Main Street Capital CORP | 股票-金融 | 0.86% | -0.10% | -21.35% | |
| 26 | VST | Vistra CORP | 股票-公用事業 | 0.86% | -0.03% | -24.26% | |
| 27 | CATY | Cathay General Bancorp | 股票-其他 | 0.83% | — | +3.53% | |
| 28 | EFSC | Enterprise Financial Service | 股票-其他 | 0.82% | +0.05% | +3.26% | |
| 29 | NMIH | Nmi Holdings Inc | 股票-金融 | 0.82% | -0.05% | +10.59% | |
| 30 | IBOC | International Bancshares Crp | 股票-其他 | 0.82% | -0.05% | +3.46% | |
| 31 | RUSHA | Rush Enterprises Inc-cl A | 股票-循環性消費 | 0.82% | -0.34% | +2.70% | |
| 32 | FFBC | First Financial Bancorp | 股票-其他 | 0.82% | -0.51% | +9.13% | |
| 33 | DFH | Dream Finders Homes Inc - A | 股票-其他 | 0.81% | +0.04% | -11.90% | |
| 34 | JXN | Jackson Financial Inc-a | 股票-金融 | 0.81% | — | +1.81% | |
| 35 | IMKTA | Ingles Markets Inc-class A | 股票-其他 | 0.81% | -0.52% | +1.73% | |
| 36 | OTTR | Otter Tail CORP | 股票-工業 | 0.80% | -0.11% | +8.78% | |
| 37 | GEF | Greif Inc-cl A | 股票-其他 | 0.79% | -0.04% | +1.57% | |
| 38 | ALX | Alexander's Inc | 股票-其他 | 0.79% | -0.34% | +7.08% | |
| 39 | FG | F&g Annuities & Life Inc | 股票-金融 | 0.79% | -0.01% | +28.67% | |
| 40 | ACT | Enact Holdings Inc | 股票-其他 | 0.77% | -0.03% | +2.93% | |
| 41 | FRME | First Merchants CORP | 股票-其他 | 0.77% | -0.02% | +3.56% | |
| 42 | ✓ | Bank Of Nt Butterfield&son L | 股票-其他 | 0.77% | -0.06% | +5.21% | |
| 43 | HD | Home Depot Inc | 股票-循環性消費 | 0.76% | -0.44% | -25.61% | |
| 44 | DNOW | Dnow Inc | 股票-其他 | 0.76% | — | +151.03% | |
| 45 | SRCE | 1st Source CORP | 股票-其他 | 0.76% | -0.26% | +4.14% | |
| 46 | FIZZ | National Beverage CORP | 股票-其他 | 0.76% | -0.18% | +30.14% | |
| 47 | OBDC | Blue Owl Capital CORP | 股票-金融 | 0.73% | -0.10% | -19.30% | |
| 48 | BXSL | Blackstone Secured Lending F | 股票-金融 | 0.72% | -0.08% | -19.96% | |
| 49 | SM | Sm Energy Co | 股票-能源 | 0.69% | -0.70% | EXIT | |
| 50 | GBDC | Golub Capital Bdc Inc | 股票-金融 | 0.67% | -0.07% | -20.09% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | HOOD | Robinhood Markets Inc - A | +1.3% | -9.76% | 加碼 |
| 2 | NVDA | Nvidia CORP | +1.1% | -27.77% | 減碼 |
| 3 | FG | F&g Annuities & Life Inc | +0.7% | +28.67% | 加碼 |
| 4 | PLTR | Palantir Technologies Inc-a | +0.7% | -17.58% | 加碼 |
| 5 | ORCL | Oracle CORP | +0.6% | +10.85% | 加碼 |
| 6 | GRBK | Green Brick Partners Inc | +0.5% | +0.49% | 加碼 |
| 7 | WABC | Westamerica Bancorporation | +0.5% | -2.48% | 加碼 |
| 8 | DNOW | Dnow Inc | +0.5% | +151.03% | 加碼 |
| 9 | DOLE | Dole plc | +0.4% | +104.97% | 加碼 |
| 10 | LADR | Ladder Capital Corp-reit | +0.4% | +99.57% | 加碼 |
| 11 | CCSI | Consensus Cloud Solution | +0.4% | +13.61% | 加碼 |
| 12 | MUR | Murphy Oil CORP | +0.4% | +4.06% | 加碼 |
| 13 | CMRE | Costamare Inc. | +0.3% | -6.95% | 加碼 |
| 14 | AEM | Agnico Eagle Mines LTD | +0.3% | -6.70% | 減碼 |
| 15 | PLAB | Photronics Inc | +0.3% | +64.78% | 加碼 |
| 16 | IBEX | IBEX Limited | +0.3% | +0.49% | 加碼 |
| 17 | SLVM | Sylvamo CORP | +0.3% | +309.22% | 加碼 |
| 18 | AVGO | Broadcom Inc | +0.3% | -35.90% | 減碼 |
| 19 | GBDC | Golub Capital Bdc Inc | -0.3% | -20.09% | 減碼 |
| 20 | COST | Costco Wholesale CORP | -0.3% | -21.73% | 減碼 |
| 21 | BANF | Bancfirst CORP | -0.3% | -72.28% | 減碼 |
| 22 | FSK | Fs Kkr Capital CORP | -0.3% | -18.36% | 減碼 |
| 23 | OBDC | Blue Owl Capital CORP | -0.4% | -19.30% | 減碼 |
| 24 | AMLP | Alerian Mlp ETF | -0.4% | -35.08% | 減碼 |
| 25 | TCOM | Trip.com Group Ltd-adr | -0.4% | -43.83% | 減碼 |
| 26 | ARCC | Ares Capital CORP | -0.4% | -20.83% | 減碼 |
| 27 | BXSL | Blackstone Secured Lending F | -0.4% | -19.96% | 減碼 |
| 28 | AAPL | Apple Inc | -0.6% | -24.52% | 減碼 |
| 29 | INVA | Innoviva Inc | -0.6% | -76.79% | 減碼 |
| 30 | XOM | Exxon Mobil CORP | -0.6% | -9.25% | 減碼 |
| 31 | LLY | Eli Lilly & Co | -0.7% | -46.99% | 減碼 |
| 32 | AMZN | Amazon.com Inc | -0.9% | -36.17% | 減碼 |
| 33 | TGNA | Tegna Inc | — | EXIT | 清倉 |
| 34 | SNEX | Stonex Group Inc | — | EXIT | 清倉 |
| 35 | WOR | Worthington Enterprises Inc | — | EXIT | 清倉 |
| 36 | SAH | Sonic Automotive Inc-class A | — | EXIT | 清倉 |
| 37 | GNW | Genworth Financial Inc | — | EXIT | 清倉 |
| 38 | ✓ | Golden Ocean Group LTD | — | EXIT | 清倉 |
| 39 | SCSC | Scansource Inc | — | NEW | 新建倉 |
| 40 | AMPH | Amphastar Pharmaceuticals In | — | NEW | 新建倉 |
| 41 | FLNG | FLEX LNG Ltd. | — | EXIT | 清倉 |
| 42 | STBA | S & T Bancorp Inc | — | NEW | 新建倉 |
| 43 | COP | Conocophillips | — | EXIT | 清倉 |
| 44 | MBC | Masterbrand Inc | — | NEW | 新建倉 |
| 45 | CALM | Cal-maine Foods Inc | — | NEW | 新建倉 |
| 46 | PLTK | Playtika Holding CORP | — | NEW | 新建倉 |
| 47 | RDN | Radian Group Inc | — | EXIT | 清倉 |
| 48 | PRG | Prog Holdings Inc | — | NEW | 新建倉 |
| 49 | ARDT | Ardent Health Inc | — | NEW | 新建倉 |
| 50 | REPX | Riley Exploration Permian In | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Denali Advisors LLC 在 Q3 2025 季度的美股持倉總市值約為 US$9.9億，共申報了 297 個公開持股部位。
在 Q3 2025 季度，Denali Advisors LLC 按市值排列的前三大核心持股分別為：NVDA (4.6%)、MSFT (4.1%)、AAPL (3.4%)。其中最大持股部位 NVDA 佔據整體投資組合約 4.6% 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
SCSC
市值: US$459.4萬
本季最大獲利了結 / 清倉標的
TGNA
前期市值: US$693.7萬
在 Q3 2025 季度中，Denali Advisors LLC 共進行了 50 項持倉異動，包含新建倉 9 個部位、加碼 15 個部位、減碼 17 個部位以及清倉 9 個部位。 其中最大新建倉標的為 SCSC。 本季清倉部位包含 TGNA。
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。