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: 0000765443
申報總市值
US$106.0億
US$106.0億
154 檔
13.7%
根據最新整理的 13F 季度數據集，Duff & Phelps Investment Management Co 於 Q2 2025 結束時的管理資產規模為 US$106.0億。該機構在本季度申報了 154 檔美股持倉，呈現出該時期的主要投資地圖。
在 Q2 2025，Duff & Phelps Investment Management Co 操作展現出積極擴展與加碼意向。本季共新建倉 9 個新部位，並對 74 個既有持股進行加碼（合計增持 83 檔），相較減碼與清倉部位顯著佔優。
檢視投資組合結構，前 5 大主力部位（包含 WELL, EQIX, PLD）占據了總市值的 13.7%，展現出該機構在 Q2 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 | WELL | Welltower Inc | 股票-房地產 | 4.53% | +1.08% | +1.33% | |
| 2 | EQIX | Equinix Inc | 股票-房地產 | 3.81% | -0.61% | +3.09% | |
| 3 | PLD | Prologis Inc | 股票-房地產 | 3.67% | +0.02% | +0.14% | |
| 4 | DLR | Digital Realty Trust Inc | 股票-房地產 | 2.81% | +0.05% | -0.31% | |
| 5 | AMT | American Tower CORP | 股票-房地產 | 2.28% | -0.05% | -1.47% | |
| 6 | NEE | Nextera Energy Inc | 股票-公用事業 | 2.12% | -0.40% | +14.16% | |
| 7 | AVB | Avalonbay Communities Inc | 股票-房地產 | 2.10% | +0.25% | +4.14% | |
| 8 | VTR | Ventas Inc | 股票-房地產 | 2.05% | +0.18% | -2.01% | |
| 9 | SRE | Sempra | 股票-公用事業 | 1.81% | -0.31% | +4.84% | |
| 10 | AMH | American Homes 4 Rent- A | 股票-房地產 | 1.80% | +0.34% | +0.20% | |
| 11 | IRM | Iron Mountain Inc | 股票-房地產 | 1.78% | +0.06% | +10.62% | |
| 12 | XEL | Xcel Energy Inc | 股票-公用事業 | 1.77% | -0.17% | +11.64% | |
| 13 | PSA | Public Storage | 股票-房地產 | 1.76% | +0.36% | -2.45% | |
| 14 | SPG | Simon Property Group Inc | 股票-房地產 | 1.62% | +0.38% | +0.44% | |
| 15 | AEE | Ameren Corporation | 股票-公用事業 | 1.58% | -0.03% | -0.04% | |
| 16 | EVRG | Evergy Inc | 股票-公用事業 | 1.58% | -0.06% | -0.05% | |
| 17 | NI | Nisource Inc | 股票-公用事業 | 1.57% | -0.12% | -6.14% | |
| 18 | CNP | Centerpoint Energy Inc | 股票-公用事業 | 1.55% | -0.13% | -13.08% | |
| 19 | ETR | Entergy CORP | 股票-公用事業 | 1.52% | -0.02% | -0.05% | |
| 20 | WMB | Williams Cos Inc | 股票-能源 | 1.51% | -0.06% | +0.15% | |
| 21 | SO | Southern Co/the | 股票-公用事業 | 1.45% | -0.12% | +3.47% | |
| 22 | DUK | Duke Energy CORP | 股票-公用事業 | 1.45% | -0.26% | +4.26% | |
| 23 | WEC | Wec Energy Group Inc | 股票-公用事業 | 1.37% | -0.10% | -11.99% | |
| 24 | LNT | Alliant Energy CORP | 股票-公用事業 | 1.36% | — | -0.48% | |
| 25 | LNG | Cheniere Energy Inc | 股票-能源 | 1.35% | -0.06% | -14.54% | |
| 26 | ATO | Atmos Energy CORP | 股票-公用事業 | 1.35% | -0.13% | -8.38% | |
| 27 | CCI | Crown Castle Inc | 股票-房地產 | 1.32% | -0.09% | +0.77% | |
| 28 | BRX | Brixmor Property Group Inc | 股票-房地產 | 1.29% | +0.15% | +0.08% | |
| 29 | MAA | Mid-america Apartment Comm | 股票-房地產 | 1.26% | +0.25% | +23.78% | |
| 30 | REXR | Rexford Industrial Realty In | 股票-房地產 | 1.22% | -0.02% | -4.90% | |
| 31 | PPL | Ppl CORP | 股票-公用事業 | 1.20% | -0.07% | -0.06% | |
| 32 | CMS | Cms Energy CORP | 股票-公用事業 | 1.18% | -0.12% | +5.18% | |
| 33 | DTE | Dte Energy Company | 股票-公用事業 | 1.13% | +0.01% | — | |
| 34 | MPLX | Mplx LP | 股票-能源 | 1.11% | -0.13% | -4.98% | |
| 35 | CUBE | Cubesmart | 股票-房地產 | 1.11% | +0.18% | +1.64% | |
| 36 | TRP | Tc Energy CORP | 股票-能源 | 1.09% | -0.09% | -0.10% | |
| 37 | OGE | Oge Energy CORP | 股票-公用事業 | 1.08% | -0.08% | -0.04% | |
| 38 | ET | Energy Transfer LP | 股票-能源 | 1.08% | -0.08% | +0.94% | |
| 39 | T | At&t Inc | 股票-通訊服務 | 1.05% | -0.34% | — | |
| 40 | ELS | Equity Lifestyle Properties | 股票-房地產 | 1.04% | +0.01% | +2.13% | |
| 41 | PEG | Public Service Enterprise Gp | 股票-公用事業 | 1.03% | -0.37% | +1.96% | |
| 42 | TRGP | Targa Resources CORP | 股票-能源 | 1.01% | -0.02% | -6.75% | |
| 43 | ESS | Essex Property Trust Inc | 股票-房地產 | 0.99% | +0.36% | +1.98% | |
| 44 | WTRG | Essential Utilities Inc | 股票-公用事業 | 0.94% | -0.18% | -11.23% | |
| 45 | AEP | American Electric Power | 股票-公用事業 | 0.93% | -0.01% | — | |
| 46 | EPRT | Essential Properties Realty | 股票-房地產 | 0.90% | +0.06% | +7.62% | |
| 47 | SR | Spire Inc | 股票-公用事業 | 0.88% | -0.17% | +32.75% | |
| 48 | KMI | Kinder Morgan, Inc. | 股票-能源 | 0.86% | -0.06% | +43.83% | |
| 49 | PCG | P G & E CORP | 股票-公用事業 | 0.85% | -0.23% | -0.09% | |
| 50 | D | Dominion Energy Inc | 股票-公用事業 | 0.82% | — | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | DLR | Digital Realty Trust Inc | +0.5% | -0.31% | 減碼 |
| 2 | IRM | Iron Mountain Inc | +0.4% | +10.62% | 加碼 |
| 3 | SMA | Smartstop Self Storage Reit | +0.4% | NEW | 新建倉 |
| 4 | CSX | Csx CORP | +0.3% | NEW | 新建倉 |
| 5 | KMI | Kinder Morgan, Inc. | +0.3% | +43.83% | 加碼 |
| 6 | NEE | Nextera Energy Inc | +0.2% | +14.16% | 加碼 |
| 7 | CNI | Canadian Natl Railway Co | +0.2% | NEW | 新建倉 |
| 8 | SRE | Sempra | +0.2% | +4.84% | 加碼 |
| 9 | SR | Spire Inc | +0.2% | +32.75% | 加碼 |
| 10 | ADC | Agree Realty CORP | +0.2% | +3300.83% | 加碼 |
| 11 | DTM | Dt Midstream Inc | +0.2% | +18.99% | 加碼 |
| 12 | XEL | Xcel Energy Inc | +0.1% | +11.64% | 加碼 |
| 13 | VMI | Valmont Industries | +0.1% | +153.78% | 加碼 |
| 14 | MAA | Mid-america Apartment Comm | +0.1% | +23.78% | 加碼 |
| 15 | KEYUF | Keyera CORP | +0.1% | +20.39% | 加碼 |
| 16 | CP | Canadian Pacific Kansas City | +0.1% | +16.31% | 加碼 |
| 17 | WELL | Welltower Inc | +0.1% | +1.33% | 加碼 |
| 18 | RHP | Ryman Hospitality Properties | +0.1% | +2.95% | 加碼 |
| 19 | FE | Firstenergy CORP | +0.1% | +14.58% | 加碼 |
| 20 | WMB | Williams Cos Inc | +0.1% | +0.15% | 加碼 |
| 21 | FELE | Franklin Electric Co Inc | +0.1% | NEW | 新建倉 |
| 22 | CUZ | Cousins Properties Inc | +0.1% | +10.23% | 加碼 |
| 23 | KEY-R | Keyera Corp-sub Rct | +0.1% | NEW | 新建倉 |
| 24 | ACM | Aecom | +0.1% | +39.27% | 加碼 |
| 25 | VLTO | Veralto CORP | +0.1% | +15.00% | 加碼 |
| 26 | HST | Host Hotels & Resorts Inc | +0.1% | +6.96% | 加碼 |
| 27 | SBS | Cia Saneamento Basico De-adr | +0.1% | -0.96% | 減碼 |
| 28 | PNR | Pentair plc | +0.1% | +6.20% | 加碼 |
| 29 | SUN | Sunoco LP | +0.1% | +470.05% | 加碼 |
| 30 | XYL | Xylem Inc | +0.1% | +1.47% | 加碼 |
| 31 | CNM | Core & Main Inc-class A | +0.1% | — | 不變 |
| 32 | TU | Telus CORP | +0.1% | — | 不變 |
| 33 | NWN | Northwest Natural Holding Co | +0.1% | +20.66% | 加碼 |
| 34 | AHR | American Healthcare Reit Inc | +0.1% | NEW | 新建倉 |
| 35 | SO | Southern Co/the | +0.1% | +3.47% | 加碼 |
| 36 | EPRT | Essential Properties Realty | +0.1% | +7.62% | 加碼 |
| 37 | IEX | Idex CORP | 0% | +72.68% | 加碼 |
| 38 | PEG | Public Service Enterprise Gp | 0% | +1.96% | 加碼 |
| 39 | TRP | Tc Energy CORP | 0% | -0.10% | 減碼 |
| 40 | BMI | Badger Meter Inc | 0% | — | 不變 |
| 41 | SBRA | Sabra Health Care Reit Inc | 0% | +0.63% | 加碼 |
| 42 | WTS | Watts Water Technologies-a | 0% | +15.66% | 加碼 |
| 43 | VNO | Vornado Realty Trust | 0% | +0.85% | 加碼 |
| 44 | FTS | Fortis Inc | 0% | — | 不變 |
| 45 | T | At&t Inc | 0% | — | 不變 |
| 46 | EQIX | Equinix Inc | 0% | +3.09% | 加碼 |
| 47 | FSLR | First Solar Inc | 0% | +55.89% | 加碼 |
| 48 | HTO | H2o America | 0% | +27.77% | 加碼 |
| 49 | TTEK | Tetra Tech Inc | 0% | — | 不變 |
| 50 | ENB | Enbridge Inc | 0% | +0.37% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Duff & Phelps Investment Management Co 在 Q2 2025 季度的美股持倉總市值約為 US$106.0億，共申報了 154 個公開持股部位。
在 Q2 2025 季度，Duff & Phelps Investment Management Co 按市值排列的前三大核心持股分別為：WELL (4.5%)、EQIX (3.8%)、PLD (3.7%)。其中最大持股部位 WELL 佔據整體投資組合約 4.5% 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
SMA
市值: US$3465.2萬
本季最大獲利了結 / 清倉標的
WES
前期市值: US$1742.6萬
在 Q2 2025 季度中，Duff & Phelps Investment Management Co 共進行了 142 項持倉異動，包含新建倉 9 個部位、加碼 74 個部位、減碼 51 個部位以及清倉 8 個部位。 其中最大新建倉標的為 SMA。 本季清倉部位包含 WES。
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。