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
25.7%
在 Q4 2025 申報期間，Donald Smith & Co., Inc.（CIK: 0000814375）向美國 SEC 提交的 Form 13F 報告顯示，其追蹤之股票投資組合總市值達 US$56.5億，共持有 60 個公開申報部位。
在 Q4 2025 期間，Donald Smith & Co., Inc. 展現了靈活的資產再平衡步調，透過出清 1 檔弱勢或達到目標價部位，將資金轉置於 3 檔新建倉標的之中。
在資產配置集中度方面，Donald Smith & Co., Inc. 的前 5 大核心持股（包含 AER, IAG, EGO 等）合計佔整體申報市值的 25.7%，反映機構在主要關鍵部位上的權重分佈。
本季最大新建倉標的
WFG
市值: US$9101.4萬
本季最大獲利了結 / 清倉標的
GUILD HLDGS CO
前期市值: US$317.0萬
| # | 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 | 8.30% | -0.26% | -1.34% | |
| 2 | IAG | Iamgold CORP | 股票-其他 | 6.06% | -1.25% | -20.38% | |
| 3 | EGO | Eldorado Gold CORP | 股票-其他 | 4.95% | +0.33% | -6.55% | |
| 4 | GNW | Genworth Financial Inc | 股票-金融 | 4.02% | +0.05% | -4.81% | |
| 5 | JXN | Jackson Financial Inc-a | 股票-金融 | 3.90% | -0.36% | -0.52% | |
| 6 | CGAU | Centerra Gold Inc | 股票-其他 | 3.81% | -0.71% | +21.82% | |
| 7 | MHO | M/i Homes Inc | 股票-循環性消費 | 3.51% | +0.68% | +5.94% | |
| 8 | SPNT | SiriusPoint Ltd. | 股票-其他 | 3.46% | -1.06% | +13.86% | |
| 9 | HOG | Harley-davidson Inc | 股票-循環性消費 | 3.42% | +0.38% | +30.80% | |
| 10 | PK | Park Hotels & Resorts Inc | 股票-房地產 | 2.86% | +0.52% | +14.16% | |
| 11 | EG | Everest Group, Ltd. | 股票-金融 | 2.77% | — | +11.31% | |
| 12 | C | Citigroup Inc | 股票-金融 | 2.76% | -0.33% | +4.72% | |
| 13 | TX | Ternium Sa-sponsored Adr | 股票-其他 | 2.72% | -0.27% | +1.77% | |
| 14 | ALGT | Allegiant Travel Co | 股票-其他 | 2.71% | +0.68% | -4.07% | |
| 15 | GM | General Motors Co | 股票-循環性消費 | 2.59% | -0.12% | -4.46% | |
| 16 | CRBG | Corebridge Financial Inc | 股票-金融 | 2.46% | +0.37% | +27.26% | |
| 17 | ALLY | Ally Financial Inc | 股票-金融 | 2.31% | +0.21% | +6.37% | |
| 18 | CIVI | Civitas Resources Inc | 股票-其他 | 2.28% | — | +3.67% | |
| 19 | TPC | Tutor Perini CORP | 股票-其他 | 2.27% | -1.10% | -4.25% | |
| 20 | MOS | Mosaic Co/the | 股票-原物料 | 2.09% | +0.78% | +25.16% | |
| 21 | RDN | Radian Group Inc | 股票-金融 | 2.03% | +0.15% | +43.70% | |
| 22 | NMR | Nomura Holdings Inc-spon Adr | 股票-其他 | 2.00% | +0.03% | +2.21% | |
| 23 | UNM | Unum Group | 股票-金融 | 1.91% | -0.71% | -26.11% | |
| 24 | EQX | Equinox Gold CORP | 股票-其他 | 1.85% | — | -64.81% | |
| 25 | RLJ | Rlj Lodging Trust | 股票-其他 | 1.83% | +0.58% | +23.07% | |
| 26 | TMHC | Taylor Morrison Home CORP | 股票-循環性消費 | 1.82% | -0.65% | -1.73% | |
| 27 | WFG | West Fraser Timber Co LTD | 股票-其他 | 1.70% | -0.05% | — | |
| 28 | GGB | Gerdau SA -spon Adr | 股票-其他 | 1.67% | -0.32% | +49.18% | |
| 29 | HHH | Howard Hughes Holdings Inc | 股票-房地產 | 1.53% | +0.08% | -6.00% | |
| 30 | GLNG | Golar LNG Limited | 股票-能源 | 1.50% | — | -6.30% | |
| 31 | HMC | Honda Motor Co Ltd-spons Adr | 股票-循環性消費 | 1.46% | +0.41% | +28.67% | |
| 32 | GSL | Global Ship Lease, Inc. | 股票-其他 | 1.37% | -0.57% | -34.42% | |
| 33 | BZH | Beazer Homes USA Inc | 股票-其他 | 1.14% | +0.37% | -0.47% | |
| 34 | GAU | Galiano Gold Inc | 股票-其他 | 1.09% | -0.17% | -4.81% | |
| 35 | RYZ | Ryerson Holding CORP | 股票-其他 | 0.89% | +0.08% | +207.94% | |
| 36 | ✓ | Hamilton Insurance Group LTD | 股票-其他 | 0.81% | -0.35% | +71.25% | |
| 37 | KBH | Kb Home | 股票-循環性消費 | 0.77% | +0.81% | +387.82% | |
| 38 | UVE | Universal Insurance Holdings | 股票-其他 | 0.73% | -0.19% | -23.11% | |
| 39 | CLDT | Chatham Lodging Trust | 股票-其他 | 0.60% | +0.27% | +1.93% | |
| 40 | MHK | Mohawk Industries Inc | 股票-循環性消費 | 0.59% | +0.24% | +3.86% | |
| 41 | TWI | Titan International Inc | 股票-其他 | 0.51% | +0.11% | +59.14% | |
| 42 | ✓ | Ferroglobe PLC | 股票-其他 | 0.47% | +0.06% | -29.06% | |
| 43 | ASTL | Algoma Steel Group Inc | 股票-其他 | 0.45% | -0.07% | -1.27% | |
| 44 | MTUS | Metallus Inc | 股票-其他 | 0.31% | -0.12% | +49.59% | |
| 45 | NMIH | Nmi Holdings Inc | 股票-金融 | 0.29% | +0.37% | -18.37% | |
| 46 | HOFT | Hooker Furnishings CORP | 股票-其他 | 0.23% | +0.05% | +7.10% | |
| 47 | MPAA | Motorcar Parts Of America In | 股票-其他 | 0.22% | +0.09% | +21.51% | |
| 48 | JRVR | James River Group Holdings I | 股票-其他 | 0.20% | -0.02% | — | |
| 49 | ✓ | Cool Co LTD | 股票-其他 | 0.13% | — | -78.75% | |
| 50 | VTOL | Bristow Group Inc | 股票-其他 | 0.12% | -0.04% | -23.85% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | CGAU | Centerra Gold Inc | +1.3% | +21.82% | 加碼 |
| 2 | SPNT | SiriusPoint Ltd. | +0.8% | +13.86% | 加碼 |
| 3 | AER | AerCap Holdings N.V. | +0.8% | -1.34% | 減碼 |
| 4 | GGB | Gerdau SA -spon Adr | +0.7% | +49.18% | 加碼 |
| 5 | RYZ | Ryerson Holding CORP | +0.6% | +207.94% | 加碼 |
| 6 | KBH | Kb Home | +0.6% | +387.82% | 加碼 |
| 7 | ALGT | Allegiant Travel Co | +0.6% | -4.07% | 減碼 |
| 8 | RDN | Radian Group Inc | +0.5% | +43.70% | 加碼 |
| 9 | GM | General Motors Co | +0.4% | -4.46% | 減碼 |
| 10 | EGO | Eldorado Gold CORP | +0.4% | -6.55% | 減碼 |
| 11 | ✓ | Hamilton Insurance Group LTD | +0.4% | +71.25% | 加碼 |
| 12 | C | Citigroup Inc | +0.3% | +4.72% | 加碼 |
| 13 | ALLY | Ally Financial Inc | +0.3% | +6.37% | 加碼 |
| 14 | RLJ | Rlj Lodging Trust | +0.3% | +23.07% | 加碼 |
| 15 | CRBG | Corebridge Financial Inc | +0.3% | +27.26% | 加碼 |
| 16 | NMR | Nomura Holdings Inc-spon Adr | +0.2% | +2.21% | 加碼 |
| 17 | HMC | Honda Motor Co Ltd-spons Adr | +0.2% | +28.67% | 加碼 |
| 18 | TWI | Titan International Inc | +0.2% | +59.14% | 加碼 |
| 19 | TX | Ternium Sa-sponsored Adr | +0.1% | +1.77% | 加碼 |
| 20 | MTUS | Metallus Inc | +0.1% | +49.59% | 加碼 |
| 21 | EG | Everest Group, Ltd. | 0% | +11.31% | 加碼 |
| 22 | GAU | Galiano Gold Inc | 0% | -4.81% | 減碼 |
| 23 | PK | Park Hotels & Resorts Inc | 0% | +14.16% | 加碼 |
| 24 | ASTL | Algoma Steel Group Inc | 0% | -1.27% | 減碼 |
| 25 | HOFT | Hooker Furnishings CORP | 0% | +7.10% | 加碼 |
| 26 | VTOL | Bristow Group Inc | 0% | -23.85% | 減碼 |
| 27 | NMIH | Nmi Holdings Inc | -0.1% | -18.37% | 減碼 |
| 28 | JXN | Jackson Financial Inc-a | -0.1% | -0.52% | 減碼 |
| 29 | MHK | Mohawk Industries Inc | -0.1% | +3.86% | 加碼 |
| 30 | TPC | Tutor Perini CORP | -0.2% | -4.25% | 減碼 |
| 31 | ✓ | Ferroglobe PLC | -0.2% | -29.06% | 減碼 |
| 32 | HHH | Howard Hughes Holdings Inc | -0.3% | -6.00% | 減碼 |
| 33 | IAG | Iamgold CORP | -0.3% | -20.38% | 減碼 |
| 34 | BZH | Beazer Homes USA Inc | -0.3% | -0.47% | 減碼 |
| 35 | GLNG | Golar LNG Limited | -0.4% | -6.30% | 減碼 |
| 36 | HOG | Harley-davidson Inc | -0.4% | +30.80% | 加碼 |
| 37 | TMHC | Taylor Morrison Home CORP | -0.4% | -1.73% | 減碼 |
| 38 | GNW | Genworth Financial Inc | -0.4% | -4.81% | 減碼 |
| 39 | MOS | Mosaic Co/the | -0.5% | +25.16% | 加碼 |
| 40 | MHO | M/i Homes Inc | -0.5% | +5.94% | 加碼 |
| 41 | CIVI | Civitas Resources Inc | -0.5% | +3.67% | 加碼 |
| 42 | ✓ | Cool Co LTD | -0.5% | -78.75% | 減碼 |
| 43 | GSL | Global Ship Lease, Inc. | -0.6% | -34.42% | 減碼 |
| 44 | UNM | Unum Group | -0.9% | -26.11% | 減碼 |
| 45 | HBM | Hudbay Minerals Inc | -1.7% | -99.38% | 減碼 |
| 46 | EQX | Equinox Gold CORP | -2.6% | -64.81% | 減碼 |
| 47 | WFG | West Fraser Timber Co LTD | — | NEW | 新建倉 |
| 48 | JRVR | James River Group Holdings I | — | NEW | 新建倉 |
| 49 | ✓ | Guild Hldgs Co | — | EXIT | 清倉 |
| 50 | WSBF | Waterstone Financial Inc | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Donald Smith & Co., Inc. 在 Q4 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 Q4 2025 季度，Donald Smith & Co., Inc. 按市值排列的前三大核心持股分別為：AER (8.3%)、IAG (6.1%)、EGO (5.0%)。其中最大持股部位 AER 佔據整體投資組合約 8.3% 的權重。
在 Q4 2025 季度中，Donald Smith & Co., Inc. 共進行了 50 項持倉異動，包含新建倉 3 個部位、加碼 24 個部位、減碼 22 個部位以及清倉 1 個部位。 其中最大新建倉標的為 WFG。 本季清倉部位包含 GUILD HLDGS CO。
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。
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。
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。