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: 0001388814
申報總市值
US$63.6億
US$63.6億
88 檔
25.1%
在 Q4 2025 的 13F 官方備案中，Energy Income Partners, LLC 管理的美股投資組合規模來到 US$63.6億，整體持股檔數為 88 檔。
Energy Income Partners, LLC 於 Q4 2025 展現出進攻型調倉步調，本季推動了 5 檔股票的新建倉與 24 檔既有部位加碼，整體資金傾向擴大在美股市場的曝險佈局。
從部位權重觀察，前 5 大標的（包含 EPD, ET, MPLX）累計市值佔比達 25.1%，是驅動 Energy Income Partners, LLC 該季度整體投資組合績效表現的核心支柱。
| # | 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 | EPD | Enterprise Products Partners | 股票-能源 | 8.65% | -0.36% | +1.26% | |
| 2 | ET | Energy Transfer LP | 股票-能源 | 7.51% | -0.12% | +7.74% | |
| 3 | MPLX | Mplx LP | 股票-能源 | 5.12% | +0.03% | -6.36% | |
| 4 | KMI | Kinder Morgan, Inc. | 股票-能源 | 3.97% | -0.22% | +24.42% | |
| 5 | NFG | National Fuel Gas Co | 股票-能源 | 3.71% | -0.28% | +11.67% | |
| 6 | PAGP | Plains Gp Holdings Lp-cl A | 股票-能源 | 3.07% | -0.06% | -13.17% | |
| 7 | SO | Southern Co/the | 股票-公用事業 | 2.83% | -0.06% | +40.47% | |
| 8 | PPL | Ppl CORP | 股票-公用事業 | 2.52% | -0.23% | +18.88% | |
| 9 | DUK | Duke Energy CORP | 股票-公用事業 | 2.36% | +0.04% | +185.12% | |
| 10 | ETR | Entergy CORP | 股票-公用事業 | 2.19% | -0.03% | +8.13% | |
| 11 | SRE | Sempra | 股票-公用事業 | 2.12% | -0.10% | +64.42% | |
| 12 | TRGP | Targa Resources CORP | 股票-能源 | 1.89% | +0.03% | -1.38% | |
| 13 | SUN | Sunoco LP | 股票-其他 | 1.86% | -0.11% | +2.04% | |
| 14 | OGS | One Gas Inc | 股票-公用事業 | 1.84% | +0.30% | +55.63% | |
| 15 | PWR | Quanta Services Inc | 股票-工業 | 1.67% | -0.06% | -29.11% | |
| 16 | AEP | American Electric Power | 股票-公用事業 | 1.66% | +0.06% | -27.41% | |
| 17 | LNG | Cheniere Energy Inc | 股票-能源 | 1.65% | +0.22% | +12.17% | |
| 18 | EVRG | Evergy Inc | 股票-公用事業 | 1.61% | +0.11% | +11.22% | |
| 19 | WMB | Williams Cos Inc | 股票-能源 | 1.57% | -0.03% | -28.51% | |
| 20 | CQP | Cheniere Energy Partners LP | 股票-其他 | 1.56% | -0.09% | +54.19% | |
| 21 | NJR | New Jersey Resources CORP | 股票-公用事業 | 1.54% | -0.01% | +94.03% | |
| 22 | CMI | Cummins Inc | 股票-工業 | 1.53% | -0.24% | — | |
| 23 | CNP | Centerpoint Energy Inc | 股票-公用事業 | 1.50% | +0.16% | +3.18% | |
| 24 | XOM | Exxon Mobil CORP | 股票-能源 | 1.46% | +0.18% | +7.72% | |
| 25 | OKE | Oneok Inc | 股票-能源 | 1.43% | -0.05% | -40.79% | |
| 26 | WEC | Wec Energy Group Inc | 股票-公用事業 | 1.42% | +0.10% | +67.15% | |
| 27 | OGE | Oge Energy CORP | 股票-公用事業 | 1.41% | +0.13% | — | |
| 28 | FE | Firstenergy CORP | 股票-公用事業 | 1.38% | -0.02% | +355.35% | |
| 29 | NY4B | Clearway Energy Inc-a | 股票-其他 | 1.36% | -0.20% | +5.75% | |
| 30 | SHEL | Shell Plc-adr | 股票-能源 | 1.33% | -0.50% | +6.64% | |
| 31 | DTE | Dte Energy Company | 股票-公用事業 | 1.33% | -0.09% | -13.58% | |
| 32 | GNRC | Generac Holdings Inc | 股票-工業 | 1.30% | +0.26% | +163.56% | |
| 33 | NEE | Nextera Energy Inc | 股票-公用事業 | 1.17% | +0.18% | +29.56% | |
| 34 | D | Dominion Energy Inc | 股票-公用事業 | 1.16% | +0.12% | -9.01% | |
| 35 | ATO | Atmos Energy CORP | 股票-公用事業 | 1.09% | +0.03% | -25.87% | |
| 36 | TRP | Tc Energy CORP | 股票-能源 | 1.09% | -0.23% | -19.72% | |
| 37 | PEG | Public Service Enterprise Gp | 股票-公用事業 | 1.03% | -0.02% | +6.27% | |
| 38 | VST | Vistra CORP | 股票-公用事業 | 1.01% | +0.05% | +15.94% | |
| 39 | LNT | Alliant Energy CORP | 股票-公用事業 | 0.94% | +0.06% | +4.15% | |
| 40 | DTM | Dt Midstream Inc | 股票-能源 | 0.92% | +0.07% | -57.69% | |
| 41 | CMS | Cms Energy CORP | 股票-公用事業 | 0.91% | -0.13% | +9.30% | |
| 42 | AEE | Ameren Corporation | 股票-公用事業 | 0.90% | +0.12% | +70.22% | |
| 43 | IDA | Idacorp Inc | 股票-公用事業 | 0.90% | +0.04% | +7.60% | |
| 44 | ENB | Enbridge Inc | 股票-能源 | 0.88% | -0.36% | -32.00% | |
| 45 | UGI | Ugi CORP | 股票-公用事業 | 0.84% | -0.04% | -19.28% | |
| 46 | XEL | Xcel Energy Inc | 股票-公用事業 | 0.80% | +0.01% | -37.76% | |
| 47 | AROC | Archrock Inc | 股票-能源 | 0.76% | +0.14% | -2.20% | |
| 48 | TTEN | Totalenergies Se -spon Adr | 股票-其他 | 0.70% | -0.02% | -42.11% | |
| 49 | SR | Spire Inc | 股票-公用事業 | 0.59% | -0.59% | EXIT | |
| 50 | WLKP | Westlake Chemical Partners L | 股票-其他 | 0.54% | — | -11.94% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | DUK | Duke Energy CORP | +1.4% | +185.12% | 加碼 |
| 2 | FE | Firstenergy CORP | +1.1% | +355.35% | 加碼 |
| 3 | SRE | Sempra | +0.7% | +64.42% | 加碼 |
| 4 | NJR | New Jersey Resources CORP | +0.7% | +94.03% | 加碼 |
| 5 | GNRC | Generac Holdings Inc | +0.7% | +163.56% | 加碼 |
| 6 | OGS | One Gas Inc | +0.5% | +55.63% | 加碼 |
| 7 | SO | Southern Co/the | +0.5% | +40.47% | 加碼 |
| 8 | KMI | Kinder Morgan, Inc. | +0.5% | +24.42% | 加碼 |
| 9 | CQP | Cheniere Energy Partners LP | +0.5% | +54.19% | 加碼 |
| 10 | WEC | Wec Energy Group Inc | +0.4% | +67.15% | 加碼 |
| 11 | AEE | Ameren Corporation | +0.3% | +70.22% | 加碼 |
| 12 | NEE | Nextera Energy Inc | +0.3% | +29.56% | 加碼 |
| 13 | BKR | Baker Hughes Co | +0.3% | +408.56% | 加碼 |
| 14 | NY4B | Clearway Energy Inc-a | +0.2% | +5.75% | 加碼 |
| 15 | AES | Aes CORP | +0.2% | +44.63% | 加碼 |
| 16 | CTRA | Coterra Energy Inc | +0.2% | +144.98% | 加碼 |
| 17 | PPL | Ppl CORP | +0.1% | +18.88% | 加碼 |
| 18 | XOM | Exxon Mobil CORP | +0.1% | +7.72% | 加碼 |
| 19 | TRGP | Targa Resources CORP | 0% | -1.38% | 減碼 |
| 20 | ETR | Entergy CORP | 0% | +8.13% | 加碼 |
| 21 | SUN | Sunoco LP | 0% | +2.04% | 加碼 |
| 22 | WLKP | Westlake Chemical Partners L | -0.2% | -11.94% | 減碼 |
| 23 | NI | Nisource Inc | -0.2% | -64.23% | 減碼 |
| 24 | EPD | Enterprise Products Partners | -0.2% | +1.26% | 加碼 |
| 25 | ET | Energy Transfer LP | -0.2% | +7.74% | 加碼 |
| 26 | WTRG | Essential Utilities Inc | -0.2% | -32.40% | 減碼 |
| 27 | LNG | Cheniere Energy Inc | -0.2% | +12.17% | 加碼 |
| 28 | D | Dominion Energy Inc | -0.3% | -9.01% | 減碼 |
| 29 | TRP | Tc Energy CORP | -0.3% | -19.72% | 減碼 |
| 30 | NFG | National Fuel Gas Co | -0.4% | +11.67% | 加碼 |
| 31 | DTE | Dte Energy Company | -0.5% | -13.58% | 減碼 |
| 32 | TTEN | Totalenergies Se -spon Adr | -0.5% | -42.11% | 減碼 |
| 33 | ATO | Atmos Energy CORP | -0.5% | -25.87% | 減碼 |
| 34 | PAGP | Plains Gp Holdings Lp-cl A | -0.5% | -13.17% | 減碼 |
| 35 | ENB | Enbridge Inc | -0.6% | -32.00% | 減碼 |
| 36 | XEL | Xcel Energy Inc | -0.7% | -37.76% | 減碼 |
| 37 | AEP | American Electric Power | -0.7% | -27.41% | 減碼 |
| 38 | FLR | Fluor CORP | -0.7% | -86.41% | 減碼 |
| 39 | PWR | Quanta Services Inc | -0.8% | -29.11% | 減碼 |
| 40 | WMB | Williams Cos Inc | -0.9% | -28.51% | 減碼 |
| 41 | OKE | Oneok Inc | -1.1% | -40.79% | 減碼 |
| 42 | DTM | Dt Midstream Inc | -1.3% | -57.69% | 減碼 |
| 43 | CMI | Cummins Inc | — | NEW | 新建倉 |
| 44 | OGE | Oge Energy CORP | — | NEW | 新建倉 |
| 45 | SR | Spire Inc | — | NEW | 新建倉 |
| 46 | ENS | Enersys | — | NEW | 新建倉 |
| 47 | AEBA | Allete Inc | — | EXIT | 清倉 |
| 48 | CAT | Caterpillar Inc | — | NEW | 新建倉 |
| 49 | USAC | USA Compression Partners LP | — | EXIT | 清倉 |
| 50 | KRP | Kimbell Royalty Partners LP | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Energy Income Partners, LLC 在 Q4 2025 季度的美股持倉總市值約為 US$63.6億，共申報了 88 個公開持股部位。
在 Q4 2025 季度，Energy Income Partners, LLC 按市值排列的前三大核心持股分別為：EPD (8.7%)、ET (7.5%)、MPLX (5.1%)。其中最大持股部位 EPD 佔據整體投資組合約 8.7% 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
CMI
市值: US$8464.8萬
本季最大獲利了結 / 清倉標的
AEBA
前期市值: US$1474.8萬
在 Q4 2025 季度中，Energy Income Partners, LLC 共進行了 50 項持倉異動，包含新建倉 5 個部位、加碼 24 個部位、減碼 18 個部位以及清倉 3 個部位。 其中最大新建倉標的為 CMI。 本季清倉部位包含 AEBA。
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。