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: 0001081407
申報總市值
US$156.5億
US$156.5億
1246 檔
7.1%
Q4 2025 季度申報顯示，Gabelli Funds LLC 揭露的美股組合總市值為 US$156.5億，涵蓋 1246 個不同之權益投資部位。
Gabelli Funds LLC 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 114 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。
整體而言，Gabelli Funds LLC 的前 5 大持股（包含 MSFT, NVDA, NEM）貢獻了組合市值的 7.1%，形成該機構在 Q4 2025 季度的基本面基石。
僅顯示前 200 大持股（共 1246 檔）
| # | 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 | MSFT | Microsoft CORP | 股票-科技 | 1.73% | -0.08% | +0.69% | |
| 2 | NVDA | Nvidia CORP | 股票-科技 | 1.61% | +0.14% | +0.51% | |
| 3 | NEM | Newmont CORP | 股票-原物料 | 1.52% | -0.37% | -15.72% | |
| 4 | MA | Mastercard Inc - A | 股票-金融 | 1.33% | -0.06% | -1.60% | |
| 5 | AME | Ametek Inc | 股票-工業 | 1.31% | — | -1.00% | |
| 6 | NFG | National Fuel Gas Co | 股票-能源 | 1.28% | -0.33% | -0.16% | |
| 7 | AXP | American Express Co | 股票-金融 | 1.19% | +0.03% | -5.23% | |
| 8 | NEE | Nextera Energy Inc | 股票-公用事業 | 1.07% | -0.15% | -1.66% | |
| 9 | GATX | Gatx CORP | 股票-工業 | 1.05% | -0.06% | -1.37% | |
| 10 | MLI | Mueller Industries Inc | 股票-工業 | 1.05% | -0.09% | -8.11% | |
| 11 | BNY | Bank Of New York Mellon CORP | 股票-金融 | 1.05% | +0.07% | -6.78% | |
| 12 | AMZN | Amazon.com Inc | 股票-循環性消費 | 0.99% | +0.08% | +0.05% | |
| 13 | CR | Crane Co | 股票-工業 | 0.94% | +0.12% | -1.40% | |
| 14 | KKR | Kkr & Co Inc | 股票-金融 | 0.93% | -0.19% | -0.85% | |
| 15 | SONY | Sony Group CORP - Sp Adr | 股票-科技 | 0.92% | -0.09% | -6.14% | |
| 16 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.90% | +0.12% | -0.32% | |
| 17 | RSG | Republic Services Inc | 股票-工業 | 0.81% | -0.08% | -0.80% | |
| 18 | DE | Deere & Co | 股票-工業 | 0.80% | +0.05% | -1.51% | |
| 19 | AAPL | Apple Inc | 股票-科技 | 0.78% | -0.01% | -0.40% | |
| 20 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.77% | -0.04% | +0.85% | |
| 21 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.76% | +0.15% | +0.06% | |
| 22 | LEN-B | Lennar CORP - B Shs | 股票-其他 | 0.73% | -0.01% | -0.24% | |
| 23 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 0.73% | +0.12% | -0.53% | |
| 24 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.72% | +0.01% | -3.20% | |
| 25 | MSGS | Madison Square Garden Sports | 股票-通訊服務 | 0.69% | +0.15% | +0.92% | |
| 26 | GE | General Electric | 股票-工業 | 0.69% | +0.09% | +0.17% | |
| 27 | BRK-A | Berkshire Hathaway Inc-cl A | 股票-其他 | 0.67% | -0.01% | -2.94% | |
| 28 | AVGO | Broadcom Inc | 股票-科技 | 0.65% | +0.08% | -2.08% | |
| 29 | ORLY | O'reilly Automotive Inc | 股票-循環性消費 | 0.65% | -0.04% | -4.08% | |
| 30 | GPC | Genuine Parts Co | 股票-循環性消費 | 0.59% | +0.11% | +2.81% | |
| 31 | XOM | Exxon Mobil CORP | 股票-能源 | 0.59% | -0.17% | -0.07% | |
| 32 | TXT | Textron Inc | 股票-工業 | 0.58% | — | +1.31% | |
| 33 | KGC | Kinross Gold CORP | 股票-原物料 | 0.56% | -0.10% | -22.22% | |
| 34 | SWX | Southwest Gas Holdings Inc | 股票-公用事業 | 0.55% | -0.03% | +0.41% | |
| 35 | WBD | Warner Bros Discovery Inc | 股票-通訊服務 | 0.54% | -0.07% | +5.60% | |
| 36 | FLS | Flowserve CORP | 股票-工業 | 0.53% | -0.02% | -6.35% | |
| 37 | EVRG | Evergy Inc | 股票-公用事業 | 0.52% | -0.02% | -0.90% | |
| 38 | CVX | Chevron CORP | 股票-能源 | 0.51% | -0.17% | +3.77% | |
| 39 | HRI | Herc Holdings Inc | 股票-其他 | 0.50% | +0.13% | +0.61% | |
| 40 | NFLX | Netflix Inc | 股票-通訊服務 | 0.49% | -0.19% | +937.31% | |
| 41 | ITT | Itt Inc | 股票-工業 | 0.47% | +0.02% | +3.93% | |
| 42 | AEP | American Electric Power | 股票-公用事業 | 0.47% | -0.01% | -1.25% | |
| 43 | FCX | Freeport-mcmoran Inc | 股票-原物料 | 0.46% | -0.05% | -0.17% | |
| 44 | V | Visa Inc-class A Shares | 股票-金融 | 0.45% | +0.03% | -0.47% | |
| 45 | CNH | CNH Industrial N.V. | 股票-工業 | 0.44% | -0.02% | +1.40% | |
| 46 | HON | Honeywell International Inc | 股票-工業 | 0.44% | -0.52% | EXIT | |
| 47 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.42% | -0.05% | -0.23% | |
| 48 | TXN | Texas Instruments Inc | 股票-科技 | 0.42% | +0.20% | -0.70% | |
| 49 | TDS | Telephone And Data Systems | 股票-通訊服務 | 0.42% | -0.07% | -2.50% | |
| 50 | WEC | Wec Energy Group Inc | 股票-公用事業 | 0.42% | -0.02% | -0.96% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | LLY | Eli Lilly & Co | +0.2% | +0.06% | 加碼 |
| 2 | GOOG | Alphabet Inc-cl C | +0.2% | -0.32% | 減碼 |
| 3 | WBD | Warner Bros Discovery Inc | +0.2% | +5.60% | 加碼 |
| 4 | EXK | Exact Sciences CORP | +0.2% | +2521.88% | 加碼 |
| 5 | EA | Electronic Arts Inc | +0.2% | +637.57% | 加碼 |
| 6 | GOOGL | Alphabet Inc-cl A | +0.2% | -0.53% | 減碼 |
| 7 | DAY | Dayforce Inc | +0.2% | +295.65% | 加碼 |
| 8 | TSLA | Tesla Inc | +0.2% | +111.25% | 加碼 |
| 9 | SDA | Sealed Air CORP | +0.1% | +248.50% | 加碼 |
| 10 | SPHR | Sphere Entertainment Co | +0.1% | -1.53% | 減碼 |
| 11 | HRI | Herc Holdings Inc | +0.1% | +0.61% | 加碼 |
| 12 | FCX | Freeport-mcmoran Inc | +0.1% | -0.17% | 減碼 |
| 13 | AME | Ametek Inc | +0.1% | -1.00% | 減碼 |
| 14 | FLS | Flowserve CORP | +0.1% | -6.35% | 減碼 |
| 15 | MSGS | Madison Square Garden Sports | +0.1% | +0.92% | 加碼 |
| 16 | ORLA | Orla Mining LTD | +0.1% | +67.23% | 加碼 |
| 17 | B | Barrick Mining CORP | +0.1% | -3.87% | 減碼 |
| 18 | IAG | Iamgold CORP | +0.1% | +10.32% | 加碼 |
| 19 | BA | Boeing Co/the | +0.1% | +37.24% | 加碼 |
| 20 | ECHO | Echostar Corp-a | +0.1% | +5.96% | 加碼 |
| 21 | APH | Amphenol Corp-cl A | +0.1% | +87.02% | 加碼 |
| 22 | JHG | Janus Henderson Group plc | +0.1% | +173.60% | 加碼 |
| 23 | GTLS | Chart Industries Inc | +0.1% | +32.96% | 加碼 |
| 24 | AXP | American Express Co | +0.1% | -5.23% | 減碼 |
| 25 | RGLD | Royal Gold Inc | +0.1% | +7.80% | 加碼 |
| 26 | PAAS | Pan American Silver CORP | +0.1% | -0.42% | 減碼 |
| 27 | CAT | Caterpillar Inc | +0.1% | -2.98% | 減碼 |
| 28 | AMZN | Amazon.com Inc | +0.1% | +0.05% | 加碼 |
| 29 | NEE | Nextera Energy Inc | +0.1% | -1.66% | 減碼 |
| 30 | AAPL | Apple Inc | +0.1% | -0.40% | 減碼 |
| 31 | BHP | Bhp Group Ltd-spon Adr | 0% | +18.27% | 加碼 |
| 32 | MLI | Mueller Industries Inc | 0% | -8.11% | 減碼 |
| 33 | GMED | Globus Medical Inc - A | 0% | -3.29% | 減碼 |
| 34 | BVE | Diamond Hill Investment Grp | 0% | +199.02% | 加碼 |
| 35 | ISRG | Intuitive Surgical Inc | 0% | -5.80% | 減碼 |
| 36 | FOX | Fox CORP - Class B | 0% | +5.24% | 加碼 |
| 37 | RCI | Rogers Communications Inc-b | 0% | +3.30% | 加碼 |
| 38 | EQX | Equinox Gold CORP | 0% | -5.01% | 減碼 |
| 39 | HWM | Howmet Aerospace Inc | 0% | +19.66% | 加碼 |
| 40 | XOM | Exxon Mobil CORP | 0% | -0.07% | 減碼 |
| 41 | MRK | Merck & Co. Inc. | 0% | -6.57% | 減碼 |
| 42 | JOE | St Joe Co/the | 0% | -2.04% | 減碼 |
| 43 | DBRG | Digitalbridge Group Inc | 0% | +249.02% | 加碼 |
| 44 | RIO | Rio Tinto Plc-spon Adr | 0% | -0.92% | 減碼 |
| 45 | NSC | Norfolk Southern CORP | 0% | +54.42% | 加碼 |
| 46 | MSGE | Madison Square Garden Entert | 0% | +2.50% | 加碼 |
| 47 | GDEN | Golden Entertainment Inc | 0% | +77.21% | 加碼 |
| 48 | CIO | City Office Reit Inc | 0% | +165.54% | 加碼 |
| 49 | AP | Ampco-pittsburgh CORP | 0% | +1.70% | 加碼 |
| 50 | DENN | Denny's CORP | 0% | +296.28% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Gabelli Funds LLC 在 Q4 2025 季度的美股持倉總市值約為 US$156.5億，共申報了 1246 個公開持股部位。
在 Q4 2025 季度，Gabelli Funds LLC 按市值排列的前三大核心持股分別為：MSFT (1.7%)、NVDA (1.6%)、NEM (1.5%)。其中最大持股部位 MSFT 佔據整體投資組合約 1.7% 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
CDTX
市值: US$3283.9萬
本季最大獲利了結 / 清倉標的
VRNA
前期市值: US$3977.6萬
在 Q4 2025 季度中，Gabelli Funds LLC 共進行了 199 項持倉異動，包含新建倉 31 個部位、加碼 54 個部位、減碼 77 個部位以及清倉 37 個部位。 其中最大新建倉標的為 CDTX。 本季清倉部位包含 VRNA。
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。