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: 0000814375
申報總市值
US$56.5億
US$56.5億
60 檔
24.3%
根據最新整理的 13F 季度數據集，Donald Smith & Co., Inc. 於 Q3 2025 結束時的管理資產規模為 US$56.5億。該機構在本季度申報了 60 檔美股持倉，呈現出該時期的主要投資地圖。
Q3 2025 的申報記錄反映 Donald Smith & Co., Inc. 的板塊替換策略：機構本季推動了 25 筆增持與 25 筆減持，籌碼呈現明顯的結構重組。
檢視投資組合結構，前 5 大主力部位（包含 AER, IAG, EGO）占據了總市值的 24.3%，展現出該機構在 Q3 2025 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 | AER | AerCap Holdings N.V. | 股票-工業 | 7.54% | -0.26% | -0.29% | |
| 2 | IAG | Iamgold CORP | 股票-其他 | 6.36% | -1.25% | -8.48% | |
| 3 | EGO | Eldorado Gold CORP | 股票-其他 | 4.54% | +0.33% | -24.86% | |
| 4 | EQX | Equinox Gold CORP | 股票-其他 | 4.48% | — | -24.43% | |
| 5 | GNW | Genworth Financial Inc | 股票-金融 | 4.43% | +0.05% | -4.67% | |
| 6 | MHO | M/i Homes Inc | 股票-循環性消費 | 3.98% | +0.68% | -1.93% | |
| 7 | JXN | Jackson Financial Inc-a | 股票-金融 | 3.97% | -0.36% | +15.63% | |
| 8 | HOG | Harley-davidson Inc | 股票-循環性消費 | 3.79% | +0.38% | +23.31% | |
| 9 | PK | Park Hotels & Resorts Inc | 股票-房地產 | 2.83% | +0.52% | +6.31% | |
| 10 | CIVI | Civitas Resources Inc | 股票-其他 | 2.80% | — | -3.43% | |
| 11 | UNM | Unum Group | 股票-金融 | 2.76% | -0.71% | -1.44% | |
| 12 | EG | Everest Group, Ltd. | 股票-金融 | 2.73% | — | +25.84% | |
| 13 | SPNT | SiriusPoint Ltd. | 股票-其他 | 2.67% | -1.06% | +8.03% | |
| 14 | TX | Ternium Sa-sponsored Adr | 股票-其他 | 2.59% | -0.27% | +9.68% | |
| 15 | MOS | Mosaic Co/the | 股票-原物料 | 2.55% | +0.78% | +25.37% | |
| 16 | CGAU | Centerra Gold Inc | 股票-其他 | 2.49% | -0.71% | +44.37% | |
| 17 | TPC | Tutor Perini CORP | 股票-其他 | 2.47% | -1.10% | -35.19% | |
| 18 | C | Citigroup Inc | 股票-金融 | 2.44% | -0.33% | +3.33% | |
| 19 | TMHC | Taylor Morrison Home CORP | 股票-循環性消費 | 2.21% | -0.65% | -6.18% | |
| 20 | CRBG | Corebridge Financial Inc | 股票-金融 | 2.18% | +0.37% | -16.40% | |
| 21 | GM | General Motors Co | 股票-循環性消費 | 2.17% | -0.12% | +7.59% | |
| 22 | ALGT | Allegiant Travel Co | 股票-其他 | 2.14% | +0.68% | +17.48% | |
| 23 | ALLY | Ally Financial Inc | 股票-金融 | 2.00% | +0.21% | -0.62% | |
| 24 | GSL | Global Ship Lease, Inc. | 股票-其他 | 1.95% | -0.57% | -1.67% | |
| 25 | GLNG | Golar LNG Limited | 股票-能源 | 1.85% | — | -5.69% | |
| 26 | NMR | Nomura Holdings Inc-spon Adr | 股票-其他 | 1.80% | +0.03% | +12.27% | |
| 27 | HHH | Howard Hughes Holdings Inc | 股票-房地產 | 1.78% | +0.08% | -1.05% | |
| 28 | HBM | Hudbay Minerals Inc | 股票-其他 | 1.74% | +0.07% | NEW | |
| 29 | RLJ | Rlj Lodging Trust | 股票-其他 | 1.53% | +0.58% | +43.84% | |
| 30 | RDN | Radian Group Inc | 股票-金融 | 1.51% | +0.15% | +96.78% | |
| 31 | BZH | Beazer Homes USA Inc | 股票-其他 | 1.48% | +0.37% | -2.50% | |
| 32 | HMC | Honda Motor Co Ltd-spons Adr | 股票-循環性消費 | 1.26% | +0.41% | — | |
| 33 | GAU | Galiano Gold Inc | 股票-其他 | 1.05% | -0.17% | -5.46% | |
| 34 | GGB | Gerdau SA -spon Adr | 股票-其他 | 1.00% | -0.32% | +171.74% | |
| 35 | UVE | Universal Insurance Holdings | 股票-其他 | 0.78% | -0.19% | -4.45% | |
| 36 | MHK | Mohawk Industries Inc | 股票-循環性消費 | 0.72% | +0.24% | +0.32% | |
| 37 | ✓ | Ferroglobe PLC | 股票-其他 | 0.69% | +0.06% | -3.29% | |
| 38 | ✓ | Cool Co LTD | 股票-其他 | 0.66% | — | -2.60% | |
| 39 | CLDT | Chatham Lodging Trust | 股票-其他 | 0.61% | +0.27% | -4.60% | |
| 40 | ✓ | Hamilton Insurance Group LTD | 股票-其他 | 0.45% | -0.35% | +37.36% | |
| 41 | ASTL | Algoma Steel Group Inc | 股票-其他 | 0.42% | -0.07% | -1.71% | |
| 42 | NMIH | Nmi Holdings Inc | 股票-金融 | 0.35% | +0.37% | -1.29% | |
| 43 | TWI | Titan International Inc | 股票-其他 | 0.33% | +0.11% | +50.29% | |
| 44 | RYZ | Ryerson Holding CORP | 股票-其他 | 0.28% | +0.08% | +450.92% | |
| 45 | MPAA | Motorcar Parts Of America In | 股票-其他 | 0.26% | +0.09% | -17.62% | |
| 46 | MTUS | Metallus Inc | 股票-其他 | 0.21% | -0.12% | +15.76% | |
| 47 | HOFT | Hooker Furnishings CORP | 股票-其他 | 0.20% | +0.05% | +1.15% | |
| 48 | KBH | Kb Home | 股票-循環性消費 | 0.19% | +0.81% | -2.66% | |
| 49 | VTOL | Bristow Group Inc | 股票-其他 | 0.16% | -0.04% | -9.52% | |
| 50 | AFLYY | Air France-klm-adr | 股票-其他 | 0.13% | +0.03% | -1.29% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | IAG | Iamgold CORP | +2% | -8.48% | 減碼 |
| 2 | HOG | Harley-davidson Inc | +1.7% | +23.31% | 加碼 |
| 3 | CGAU | Centerra Gold Inc | +1.2% | +44.37% | 加碼 |
| 4 | EG | Everest Group, Ltd. | +0.9% | +25.84% | 加碼 |
| 5 | HBM | Hudbay Minerals Inc | +0.7% | -22.60% | 加碼 |
| 6 | JXN | Jackson Financial Inc-a | +0.6% | +15.63% | 加碼 |
| 7 | MOS | Mosaic Co/the | +0.5% | +25.37% | 加碼 |
| 8 | EQX | Equinox Gold CORP | +0.5% | -24.43% | 減碼 |
| 9 | ALGT | Allegiant Travel Co | +0.4% | +17.48% | 加碼 |
| 10 | RLJ | Rlj Lodging Trust | +0.4% | +43.84% | 加碼 |
| 11 | MHO | M/i Homes Inc | +0.4% | -1.93% | 加碼 |
| 12 | C | Citigroup Inc | +0.4% | +3.33% | 加碼 |
| 13 | GM | General Motors Co | +0.3% | +7.59% | 加碼 |
| 14 | GAU | Galiano Gold Inc | +0.3% | -5.46% | 減碼 |
| 15 | TX | Ternium Sa-sponsored Adr | +0.2% | +9.68% | 加碼 |
| 16 | NMR | Nomura Holdings Inc-spon Adr | +0.2% | +12.27% | 加碼 |
| 17 | ✓ | Cool Co LTD | +0.2% | -2.60% | 加碼 |
| 18 | TPC | Tutor Perini CORP | +0.2% | -35.19% | 減碼 |
| 19 | TWI | Titan International Inc | +0.2% | +50.29% | 加碼 |
| 20 | GSL | Global Ship Lease, Inc. | +0.2% | -1.67% | 減碼 |
| 21 | ✓ | Ferroglobe PLC | +0.1% | -3.29% | 加碼 |
| 22 | VTOL | Bristow Group Inc | +0.1% | -9.52% | 加碼 |
| 23 | MPAA | Motorcar Parts Of America In | 0% | -17.62% | 減碼 |
| 24 | BZH | Beazer Homes USA Inc | -0.1% | -2.50% | 減碼 |
| 25 | RDN | Radian Group Inc | -0.1% | +96.78% | 加碼 |
| 26 | PK | Park Hotels & Resorts Inc | -0.2% | +6.31% | 加碼 |
| 27 | CLDT | Chatham Lodging Trust | -0.3% | -4.60% | 減碼 |
| 28 | GNW | Genworth Financial Inc | -0.3% | -4.67% | 減碼 |
| 29 | UVE | Universal Insurance Holdings | -0.3% | -4.45% | 減碼 |
| 30 | ALLY | Ally Financial Inc | -0.3% | -0.62% | 減碼 |
| 31 | NMIH | Nmi Holdings Inc | -0.4% | -1.29% | 減碼 |
| 32 | TMHC | Taylor Morrison Home CORP | -0.4% | -6.18% | 減碼 |
| 33 | EGO | Eldorado Gold CORP | -0.6% | -24.86% | 減碼 |
| 34 | ASTL | Algoma Steel Group Inc | -0.7% | -1.71% | 減碼 |
| 35 | AER | AerCap Holdings N.V. | -0.7% | -0.29% | 減碼 |
| 36 | MU | Micron Technology Inc | -0.8% | -99.04% | 減碼 |
| 37 | CRBG | Corebridge Financial Inc | -0.9% | -16.40% | 減碼 |
| 38 | HHH | Howard Hughes Holdings Inc | -1.1% | -1.05% | 減碼 |
| 39 | CIVI | Civitas Resources Inc | -1.1% | -3.43% | 減碼 |
| 40 | UNM | Unum Group | -1.1% | -1.44% | 減碼 |
| 41 | USX1 | United States Steel CORP | — | EXIT | 清倉 |
| 42 | HMC | Honda Motor Co Ltd-spons Adr | — | NEW | 新建倉 |
| 43 | GGB | Gerdau SA -spon Adr | — | NEW | 新建倉 |
| 44 | MHK | Mohawk Industries Inc | — | NEW | 新建倉 |
| 45 | ✓ | Hamilton Insurance Group LTD | — | NEW | 新建倉 |
| 46 | INSW | International Seaways, Inc. | — | EXIT | 清倉 |
| 47 | RYZ | Ryerson Holding CORP | — | NEW | 新建倉 |
| 48 | MTUS | Metallus Inc | — | NEW | 新建倉 |
| 49 | KEP | Korea Elec Power Corp-sp Adr | — | EXIT | 清倉 |
| 50 | KE | Kimball Electronics Inc | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Donald Smith & Co., Inc. 在 Q3 2025 季度的美股持倉總市值約為 US$56.5億，共申報了 60 個公開持股部位。
在 Q3 2025 季度，Donald Smith & Co., Inc. 按市值排列的前三大核心持股分別為：AER (7.5%)、IAG (6.4%)、EGO (4.5%)。其中最大持股部位 AER 佔據整體投資組合約 7.5% 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
HMC
市值: US$6340.8萬
本季最大獲利了結 / 清倉標的
USX1
前期市值: US$1.8億
在 Q3 2025 季度中，Donald Smith & Co., Inc. 共進行了 50 項持倉異動，包含新建倉 6 個部位、加碼 19 個部位、減碼 21 個部位以及清倉 4 個部位。 其中最大新建倉標的為 HMC。 本季清倉部位包含 USX1。
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。