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: 0001698055
申報總市值
US$17.0億
US$17.0億
76 檔
22.8%
在 Q4 2025 的 13F 官方備案中，Gillson Capital LP 管理的美股投資組合規模來到 US$17.0億，整體持股檔數為 76 檔。
Gillson Capital LP 於 Q4 2025 展現出進攻型調倉步調，本季推動了 37 檔股票的新建倉與 26 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。
在資產配置集中度方面，Gillson Capital LP 的前 5 大核心持股（包含 V, AIZ, AON 等）合計佔整體申報市值的 22.8%，反映機構在主要關鍵部位上的權重分佈。
| # | 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 | V | Visa Inc-class A Shares | 股票-金融 | 6.48% | +1.56% | NEW | |
| 2 | AIZ | Assurant Inc | 股票-金融 | 6.15% | +0.33% | +62.56% | |
| 3 | AON | Aon plc | 股票-金融 | 4.36% | +1.61% | +34.37% | |
| 4 | MCO | Moody's CORP | 股票-金融 | 4.26% | -0.71% | +12.17% | |
| 5 | CB | Chubb Limited | 股票-金融 | 4.09% | -1.65% | +91.40% | |
| 6 | NDAQ | Nasdaq Inc | 股票-金融 | 3.75% | -1.22% | — | |
| 7 | JKHY | Jack Henry & Associates Inc | 股票-科技 | 3.63% | +1.35% | NEW | |
| 8 | PCTY | Paylocity Holding CORP | 股票-科技 | 3.21% | -1.89% | +68.53% | |
| 9 | TPG | Tpg Inc | 股票-金融 | 3.12% | +0.52% | +3.49% | |
| 10 | CBOE | Cboe Global Markets Inc | 股票-金融 | 2.35% | -0.41% | -30.79% | |
| 11 | COF | Capital One Financial CORP | 股票-金融 | 2.30% | +1.31% | +80.50% | |
| 12 | TRNO | Terreno Realty CORP | 股票-房地產 | 2.22% | -0.52% | +25.91% | |
| 13 | EQIX | Equinix Inc | 股票-房地產 | 2.16% | -1.20% | EXIT | |
| 14 | ICE | Intercontinental Exchange In | 股票-金融 | 2.03% | -2.77% | EXIT | |
| 15 | VTR | Ventas Inc | 股票-房地產 | 2.00% | — | -31.00% | |
| 16 | HST | Host Hotels & Resorts Inc | 股票-房地產 | 2.00% | — | +117.84% | |
| 17 | FR | First Industrial Realty Tr | 股票-房地產 | 1.89% | — | — | |
| 18 | UNM | Unum Group | 股票-金融 | 1.84% | -1.31% | +47.40% | |
| 19 | EPRT | Essential Properties Realty | 股票-房地產 | 1.76% | — | — | |
| 20 | WH | Wyndham Hotels & Resorts Inc | 股票-循環性消費 | 1.72% | -3.30% | EXIT | |
| 21 | AXS | AXIS Capital Holdings Limited | 股票-金融 | 1.69% | -1.69% | EXIT | |
| 22 | TRV | Travelers Cos Inc/the | 股票-金融 | 1.65% | — | — | |
| 23 | PSA | Public Storage | 股票-房地產 | 1.53% | -2.19% | — | |
| 24 | MAA | Mid-america Apartment Comm | 股票-房地產 | 1.39% | — | +40.49% | |
| 25 | SBRA | Sabra Health Care Reit Inc | 股票-房地產 | 1.34% | +0.68% | NEW | |
| 26 | BX | Blackstone Inc | 股票-金融 | 1.34% | -0.76% | EXIT | |
| 27 | AFRM | Affirm Holdings Inc | 股票-金融 | 1.29% | -0.37% | +117.09% | |
| 28 | SPGI | S&p Global Inc | 股票-金融 | 1.20% | — | — | |
| 29 | GLPI | Gaming And Leisure Propertie | 股票-房地產 | 1.16% | — | +52.69% | |
| 30 | ✓ | Vine Hill Cap Invt CORP. | 股票-其他 | 1.12% | — | +507.21% | |
| 31 | CTRE | Caretrust Reit Inc | 股票-房地產 | 1.09% | +0.38% | -25.07% | |
| 32 | DOC | Healthpeak Properties Inc | 股票-房地產 | 1.08% | — | — | |
| 33 | INTU | Intuit Inc | 股票-科技 | 0.97% | — | — | |
| 34 | MKTX | Marketaxess Holdings Inc | 股票-金融 | 0.96% | — | +114.83% | |
| 35 | ARES | Ares Management CORP - A | 股票-金融 | 0.93% | — | — | |
| 36 | XLF | Ss Financial Select Sector | ETF-其他 | 0.90% | — | — | |
| 37 | LNC | Lincoln National CORP | 股票-金融 | 0.89% | — | +54.64% | |
| 38 | CBRE | Cbre Group Inc - A | 股票-房地產 | 0.89% | — | — | |
| 39 | GL | Globe Life Inc | 股票-金融 | 0.85% | — | — | |
| 40 | THG | Hanover Insurance Group Inc/ | 股票-金融 | 0.85% | +0.26% | +54.08% | |
| 41 | MRSH | Marsh & Mclennan Cos | 股票-金融 | 0.84% | — | — | |
| 42 | ENSG | Ensign Group Inc/the | 股票-醫療保健 | 0.81% | +0.60% | +65.64% | |
| 43 | RYAN | Ryan Specialty Holdings Inc | 股票-金融 | 0.79% | — | — | |
| 44 | IREN | IREN Limited | 股票-其他 | 0.76% | -0.64% | -22.18% | |
| 45 | IRT | Independence Realty Trust In | 股票-房地產 | 0.75% | — | — | |
| 46 | HUT | Hut 8 CORP | 股票-金融 | 0.74% | -0.06% | — | |
| 47 | BOW | Bowhead Specialty Holdings I | 股票-其他 | 0.74% | -0.49% | — | |
| 48 | SYF | Synchrony Financial | 股票-金融 | 0.71% | — | -40.22% | |
| 49 | TRU | Transunion | 股票-金融 | 0.70% | +0.23% | — | |
| 50 | ORI | Old Republic Intl CORP | 股票-金融 | 0.70% | — | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | V | Visa Inc-class A Shares | +2.4% | +105.11% | 加碼 |
| 2 | AIZ | Assurant Inc | +1.6% | +62.56% | 加碼 |
| 3 | CB | Chubb Limited | +1.5% | +91.40% | 加碼 |
| 4 | JKHY | Jack Henry & Associates Inc | +1% | +48.97% | 加碼 |
| 5 | ✓ | Vine Hill Cap Invt CORP. | +0.9% | +507.21% | 加碼 |
| 6 | HST | Host Hotels & Resorts Inc | +0.8% | +117.84% | 加碼 |
| 7 | COF | Capital One Financial CORP | +0.8% | +80.50% | 加碼 |
| 8 | PCTY | Paylocity Holding CORP | +0.6% | +68.53% | 加碼 |
| 9 | AFRM | Affirm Holdings Inc | +0.5% | +117.09% | 加碼 |
| 10 | MKTX | Marketaxess Holdings Inc | +0.4% | +114.83% | 加碼 |
| 11 | WULF | Terawulf Inc | +0.3% | +148.53% | 加碼 |
| 12 | LNC | Lincoln National CORP | +0.2% | +54.64% | 加碼 |
| 13 | UNM | Unum Group | +0.2% | +47.40% | 加碼 |
| 14 | ENSG | Ensign Group Inc/the | +0.2% | +65.64% | 加碼 |
| 15 | THG | Hanover Insurance Group Inc/ | +0.1% | +54.08% | 加碼 |
| 16 | GLPI | Gaming And Leisure Propertie | +0.1% | +52.69% | 加碼 |
| 17 | MAA | Mid-america Apartment Comm | +0.1% | +40.49% | 加碼 |
| 18 | DRH | Diamondrock Hospitality Co | +0.1% | +65.30% | 加碼 |
| 19 | AON | Aon plc | 0% | +34.37% | 加碼 |
| 20 | HGTY | Hagerty Inc-a | — | +15.44% | 加碼 |
| 21 | TWFG | Twfg Inc | 0% | +14.62% | 加碼 |
| 22 | TRNO | Terreno Realty CORP | 0% | +25.91% | 加碼 |
| 23 | AII | American Integrity Insurance | -0.1% | -7.56% | 減碼 |
| 24 | QNST | Quinstreet Inc | -0.1% | +14.79% | 加碼 |
| 25 | APLD | Applied Digital CORP | -0.2% | -37.24% | 減碼 |
| 26 | BX | Blackstone Inc | -0.2% | +30.26% | 加碼 |
| 27 | LINE | Lineage Inc | -0.3% | -33.90% | 減碼 |
| 28 | MCO | Moody's CORP | -0.4% | +12.17% | 加碼 |
| 29 | TPG | Tpg Inc | -0.5% | +3.49% | 加碼 |
| 30 | SHOP | Shopify Inc - Class A | -0.5% | -72.86% | 減碼 |
| 31 | SYF | Synchrony Financial | -0.6% | -40.22% | 減碼 |
| 32 | CTRE | Caretrust Reit Inc | -0.8% | -25.07% | 減碼 |
| 33 | IREN | IREN Limited | -0.9% | -22.18% | 減碼 |
| 34 | XYZ | Block Inc | -1.4% | -86.50% | 減碼 |
| 35 | VTR | Ventas Inc | -1.5% | -31.00% | 減碼 |
| 36 | ELS | Equity Lifestyle Properties | -1.8% | -79.87% | 減碼 |
| 37 | VRSK | Verisk Analytics Inc | -2% | -70.80% | 減碼 |
| 38 | CBOE | Cboe Global Markets Inc | -2.1% | -30.79% | 減碼 |
| 39 | AFG | American Financial Group Inc | -2.4% | -81.83% | 減碼 |
| 40 | NDAQ | Nasdaq Inc | — | NEW | 新建倉 |
| 41 | EQIX | Equinix Inc | — | NEW | 新建倉 |
| 42 | ICE | Intercontinental Exchange In | — | NEW | 新建倉 |
| 43 | IRM | Iron Mountain Inc | — | EXIT | 清倉 |
| 44 | FR | First Industrial Realty Tr | — | NEW | 新建倉 |
| 45 | MET | Metlife Inc | — | EXIT | 清倉 |
| 46 | CINF | Cincinnati Financial CORP | — | EXIT | 清倉 |
| 47 | EPRT | Essential Properties Realty | — | NEW | 新建倉 |
| 48 | WH | Wyndham Hotels & Resorts Inc | — | NEW | 新建倉 |
| 49 | AXS | AXIS Capital Holdings Limited | — | NEW | 新建倉 |
| 50 | TRV | Travelers Cos Inc/the | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Gillson Capital LP 在 Q4 2025 季度的美股持倉總市值約為 US$17.0億，共申報了 76 個公開持股部位。
在 Q4 2025 季度，Gillson Capital LP 按市值排列的前三大核心持股分別為：V (6.5%)、AIZ (6.2%)、AON (4.4%)。其中最大持股部位 V 佔據整體投資組合約 6.5% 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
NDAQ
市值: US$5724.7萬
本季最大獲利了結 / 清倉標的
IRM
前期市值: US$2924.7萬
在 Q4 2025 季度中，Gillson Capital LP 共進行了 102 項持倉異動，包含新建倉 37 個部位、加碼 26 個部位、減碼 13 個部位以及清倉 26 個部位。 其中最大新建倉標的為 NDAQ。 本季清倉部位包含 IRM。
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。