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: 0001683182
申報總市值
US$8.8億
US$8.8億
73 檔
32.7%
根據最新整理的 13F 季度數據集，Front Street Capital Management, Inc. 於 Q4 2025 結束時的管理資產規模為 US$8.8億。該機構在本季度申報了 73 檔美股持倉，呈現出該時期的主要投資地圖。
Front Street Capital Management, Inc. 在 Q4 2025 的調整主要集中於風險出清，清倉與減碼部位合計達 43 檔，反映機構對當前市場環境或個別公司估值採取較為保留之看法。
檢視投資組合結構，前 5 大主力部位（包含 CTLEUR, AEP, CGNX）占據了總市值的 32.7%，展現出該機構在 Q4 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 | CTLEUR | Centurylink Inc | 股票-其他 | 13.38% | -11.61% | EXIT | |
| 2 | AEP | American Electric Power Company, Inc. | 股票-公用事業 | 9.09% | -7.34% | EXIT | |
| 3 | CGNX | Cognex CORP | 股票-科技 | 6.69% | +1.70% | +1.10% | |
| 4 | VOO | Vanguard S&p 500 ETF | ETF-大型股與成長 | 6.14% | -0.50% | -0.24% | |
| 5 | MTW | Manitowoc Company Inc | 股票-其他 | 5.56% | -0.07% | -0.37% | |
| 6 | LITE | Lumentum Holdings Inc | 股票-科技 | 5.00% | -0.67% | -9.31% | |
| 7 | GEV | GE Vernova Inc | 股票-工業 | 4.88% | +0.32% | -4.75% | |
| 8 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 4.77% | -0.32% | +1.36% | |
| 9 | DHR | Danaher CORP | 股票-醫療保健 | 3.88% | -0.47% | -2.63% | |
| 10 | CIEN | Ciena CORP | 股票-科技 | 2.86% | -0.40% | -11.87% | |
| 11 | JOE | St Joe Co/the | 股票-其他 | 2.78% | -0.43% | -1.61% | |
| 12 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 2.70% | -0.58% | -0.67% | |
| 13 | COHR | Coherent CORP | 股票-科技 | 2.58% | +0.62% | -17.33% | |
| 14 | GLW | Corning Inc | 股票-科技 | 2.54% | +1.02% | -2.54% | |
| 15 | ESAB | Esab CORP | 股票-工業 | 2.46% | -0.27% | -0.12% | |
| 16 | NUE | Nucor CORP | 股票-原物料 | 2.00% | +0.05% | -0.23% | |
| 17 | MLKN | Millerknoll Inc | 股票-其他 | 1.83% | +0.32% | +9.03% | |
| 18 | TEX | Terex CORP | 股票-工業 | 1.81% | -0.21% | -7.38% | |
| 19 | MOD | Modine Manufacturing Co | 股票-循環性消費 | 1.42% | +0.08% | -2.77% | |
| 20 | ENOV | Enovis CORP | 股票-其他 | 1.37% | -0.40% | +75.81% | |
| 21 | AZTA | Azenta Inc | 股票-其他 | 1.35% | +1.28% | +14.11% | |
| 22 | BAX | Baxter International Inc | 股票-醫療保健 | 1.30% | +0.25% | +85.17% | |
| 23 | IP | International Paper Co | 股票-循環性消費 | 1.29% | +0.35% | +122.12% | |
| 24 | AAPL | Apple Inc | 股票-科技 | 1.17% | -0.53% | -0.66% | |
| 25 | ATS | Ats CORP | 股票-其他 | 1.12% | -0.57% | -0.96% | |
| 26 | VNT | Vontier CORP | 股票-科技 | 0.97% | -0.24% | -1.50% | |
| 27 | PH | Parker Hannifin CORP | 股票-工業 | 0.88% | -0.05% | -18.97% | |
| 28 | GEHC | GE Healthcare Technology | 股票-醫療保健 | 0.81% | -0.16% | -0.17% | |
| 29 | GPN | Global Payments Inc | 股票-工業 | 0.68% | +0.20% | +0.20% | |
| 30 | MSFT | Microsoft CORP | 股票-科技 | 0.64% | -0.06% | -7.26% | |
| 31 | VLTO | Veralto CORP | 股票-工業 | 0.59% | -0.07% | -0.00% | |
| 32 | CMCO | Columbus Mckinnon Corp/ny | 股票-其他 | 0.52% | -0.02% | +2.35% | |
| 33 | MKL | Markel Group Inc | 股票-金融 | 0.46% | +0.24% | +69.05% | |
| 34 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.39% | -0.37% | EXIT | |
| 35 | HNI | Hni CORP | 股票-其他 | 0.36% | +1.54% | — | |
| 36 | FRFHF | Fairfax Financial Hldgs LTD | 股票-其他 | 0.28% | — | — | |
| 37 | TILE | Interface Inc | 股票-其他 | 0.26% | +0.02% | -32.69% | |
| 38 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.25% | — | +18.50% | |
| 39 | EXPD | Expeditors Intl Wash Inc | 股票-工業 | 0.23% | -0.03% | +4.28% | |
| 40 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.22% | -0.01% | -0.13% | |
| 41 | AMD | Advanced Micro Devices | 股票-科技 | 0.22% | +0.07% | -48.48% | |
| 42 | NVDA | Nvidia CORP | 股票-科技 | 0.21% | -0.04% | +1.61% | |
| 43 | VTI | Vanguard Total Stock Mkt ETF | ETF-其他 | 0.19% | -0.01% | +31.22% | |
| 44 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 0.14% | — | -1.09% | |
| 45 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 0.13% | -0.05% | -23.54% | |
| 46 | GBCI | Glacier Bancorp Inc | 股票-金融 | 0.12% | — | +1.11% | |
| 47 | PYPL | Paypal Holdings Inc | 股票-金融 | 0.11% | -0.05% | +68.64% | |
| 48 | BAC | Bank Of America CORP | 股票-金融 | 0.10% | -0.02% | +8.11% | |
| 49 | AMZN | Amazon.com Inc | 股票-循環性消費 | 0.10% | -0.02% | -1.82% | |
| 50 | SBUX | Starbucks CORP | 股票-循環性消費 | 0.09% | -0.09% | EXIT |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | LITE | Lumentum Holdings Inc | +2.4% | -9.31% | 減碼 |
| 2 | CTLEUR | Centurylink Inc | +1.9% | -0.34% | 減碼 |
| 3 | CIEN | Ciena CORP | +0.7% | -11.87% | 減碼 |
| 4 | COHR | Coherent CORP | +0.6% | -17.33% | 減碼 |
| 5 | IP | International Paper Co | +0.6% | +122.12% | 加碼 |
| 6 | MTW | Manitowoc Company Inc | +0.5% | -0.37% | 減碼 |
| 7 | ENOV | Enovis CORP | +0.4% | +75.81% | 加碼 |
| 8 | BAX | Baxter International Inc | +0.4% | +85.17% | 加碼 |
| 9 | AZTA | Azenta Inc | +0.2% | +14.11% | 加碼 |
| 10 | JOE | St Joe Co/the | +0.2% | -1.61% | 減碼 |
| 11 | MKL | Markel Group Inc | +0.2% | +69.05% | 加碼 |
| 12 | NUE | Nucor CORP | +0.2% | -0.23% | 減碼 |
| 13 | DHR | Danaher CORP | +0.1% | -2.63% | 減碼 |
| 14 | GOOG | Alphabet Inc-cl C | +0.1% | +18.50% | 加碼 |
| 15 | MLKN | Millerknoll Inc | +0.1% | +9.03% | 加碼 |
| 16 | CMCO | Columbus Mckinnon Corp/ny | +0.1% | +2.35% | 加碼 |
| 17 | VTI | Vanguard Total Stock Mkt ETF | 0% | +31.22% | 加碼 |
| 18 | EXPD | Expeditors Intl Wash Inc | 0% | +4.28% | 加碼 |
| 19 | PYPL | Paypal Holdings Inc | 0% | +68.64% | 加碼 |
| 20 | BAC | Bank Of America CORP | 0% | +8.11% | 加碼 |
| 21 | QCOM | Qualcomm Inc | 0% | +24.53% | 加碼 |
| 22 | WFC | Wells Fargo & Co | 0% | +7.87% | 加碼 |
| 23 | GEHC | GE Healthcare Technology | — | -0.17% | 減碼 |
| 24 | FRFHF | Fairfax Financial Hldgs LTD | — | — | 不變 |
| 25 | ROL | Rollins Inc | — | +9.05% | 加碼 |
| 26 | JNJ | Johnson & Johnson | — | — | 不變 |
| 27 | VZ | Verizon Communications Inc | — | +19.69% | 加碼 |
| 28 | KO | Coca-cola Co/the | — | +0.01% | 加碼 |
| 29 | AXP | American Express Co | — | — | 不變 |
| 30 | CL | Colgate-palmolive Co | — | -3.72% | 減碼 |
| 31 | AMZN | Amazon.com Inc | — | -1.82% | 減碼 |
| 32 | ETN | Eaton Corporation plc | 0% | -8.67% | 減碼 |
| 33 | CSCO | Cisco Systems Inc | 0% | -28.64% | 減碼 |
| 34 | ROG | Rogers CORP | 0% | -27.98% | 減碼 |
| 35 | BIL | Ss Spdr Bb 1-3m T-bill ETF | 0% | -11.63% | 減碼 |
| 36 | NVDA | Nvidia CORP | 0% | +1.61% | 加碼 |
| 37 | LAB | Standard Biotools Inc | 0% | -16.12% | 減碼 |
| 38 | NOC | Northrop Grumman CORP | 0% | — | 不變 |
| 39 | SPY | Ss Spdr S&p 500 ETF Trust-us | 0% | -1.09% | 減碼 |
| 40 | CVX | Chevron CORP | 0% | — | 不變 |
| 41 | TSLA | Tesla Inc | 0% | — | 不變 |
| 42 | IWM | Ishares Russell 2000 ETF | 0% | — | 不變 |
| 43 | GBCI | Glacier Bancorp Inc | 0% | +1.11% | 加碼 |
| 44 | SBUX | Starbucks CORP | 0% | -3.53% | 減碼 |
| 45 | GOOGL | Alphabet Inc-cl A | 0% | -23.54% | 減碼 |
| 46 | AAPL | Apple Inc | 0% | -0.66% | 減碼 |
| 47 | JPM | Jpmorgan Chase & Co | 0% | -25.73% | 減碼 |
| 48 | MCD | Mcdonald's CORP | 0% | -0.31% | 減碼 |
| 49 | PG | Procter & Gamble Co/the | 0% | -0.13% | 減碼 |
| 50 | ATS | Ats CORP | -0.1% | -0.96% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Front Street Capital Management, Inc. 在 Q4 2025 季度的美股持倉總市值約為 US$8.8億，共申報了 73 個公開持股部位。
在 Q4 2025 季度，Front Street Capital Management, Inc. 按市值排列的前三大核心持股分別為：CTLEUR (13.4%)、AEP (9.1%)、CGNX (6.7%)。其中最大持股部位 CTLEUR 佔據整體投資組合約 13.4% 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
HNI
市值: US$254.1萬
本季最大獲利了結 / 清倉標的
VFIAX
前期市值: US$701.9萬
在 Q4 2025 季度中，Front Street Capital Management, Inc. 共進行了 71 項持倉異動，包含新建倉 6 個部位、加碼 22 個部位、減碼 38 個部位以及清倉 5 個部位。 其中最大新建倉標的為 HNI。 本季清倉部位包含 VFIAX。
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。