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: 0001584691
申報總市值
US$16.7億
US$16.7億
56 檔
27.6%
Global Alpha Capital Management Ltd. 在 Q4 2025 季度的美股部位總計估值為 US$16.7億，分散於 56 個持倉標的之中，反映其市場參與廣度與投資規模。
從 Q4 2025 申報觀察，Global Alpha Capital Management Ltd. 採取防禦導向的調倉策略，本季減碼 35 檔個股並出清 9 檔部位，顯示機構在該時期進行風險控制與流動性回收。
從部位權重觀察，前 5 大標的（包含 ORA, SANM, UMBF）累計市值佔比達 27.6%，是驅動 Global Alpha Capital Management Ltd. 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 | ORA | Ormat Technologies Inc | 股票-公用事業 | 11.57% | -3.15% | -1.56% | |
| 2 | SANM | Sanmina CORP | 股票-科技 | 5.17% | -0.21% | -30.80% | |
| 3 | UMBF | Umb Financial CORP | 股票-金融 | 4.44% | +1.43% | -1.81% | |
| 4 | GMED | Globus Medical Inc - A | 股票-醫療保健 | 3.55% | +0.46% | -41.80% | |
| 5 | AA | Alcoa CORP | 股票-原物料 | 3.42% | -1.00% | -18.70% | |
| 6 | RUSHA | Rush Enterprises Inc-cl A | 股票-循環性消費 | 3.33% | +0.06% | +20.62% | |
| 7 | BGSI | THE Boyd Group Inc | 股票-其他 | 3.11% | -0.66% | — | |
| 8 | FSS | Federal Signal CORP | 股票-工業 | 2.89% | +0.37% | -6.56% | |
| 9 | ANIP | Ani Pharmaceuticals Inc | 股票-其他 | 2.84% | +1.10% | -6.42% | |
| 10 | GXO | Gxo Logistics Inc | 股票-工業 | 2.81% | +0.28% | -24.35% | |
| 11 | GENI | Genius Sports Limited | 股票-其他 | 2.63% | +0.56% | -17.37% | |
| 12 | DIOD | Diodes Inc | 股票-其他 | 2.57% | +0.36% | +1.59% | |
| 13 | EVR | Evercore Inc - A | 股票-金融 | 2.48% | +0.29% | -26.34% | |
| 14 | GPOR | Gulfport Energy CORP | 股票-其他 | 2.44% | -0.50% | +18.25% | |
| 15 | EXP | Eagle Materials Inc | 股票-原物料 | 2.43% | +0.44% | +32.66% | |
| 16 | SII | Sprott Inc | 股票-其他 | 2.42% | -0.55% | -6.68% | |
| 17 | THRM | Gentherm Inc | 股票-其他 | 2.29% | +0.44% | -6.61% | |
| 18 | LMNR | Limoneira Co | 股票-其他 | 2.25% | -0.08% | -8.12% | |
| 19 | DNOW | Dnow Inc | 股票-其他 | 2.24% | -0.89% | +37.00% | |
| 20 | RYN | Rayonier Inc | 股票-房地產 | 2.19% | +0.06% | -2.00% | |
| 21 | RDNT | Radnet Inc | 股票-醫療保健 | 2.12% | +0.51% | -30.54% | |
| 22 | PRAA | Pra Group Inc | 股票-其他 | 2.12% | -0.25% | -6.58% | |
| 23 | ATNI | Atn International Inc | 股票-其他 | 2.03% | -0.10% | -6.56% | |
| 24 | WTFC | Wintrust Financial CORP | 股票-金融 | 2.02% | -1.96% | EXIT | |
| 25 | CWST | Casella Waste Systems Inc-a | 股票-工業 | 1.96% | -1.56% | EXIT | |
| 26 | ACIW | Aci Worldwide Inc | 股票-科技 | 1.93% | -2.26% | EXIT | |
| 27 | COLD | Americold Realty Trust Inc | 股票-房地產 | 1.92% | +1.91% | +5524.51% | |
| 28 | AWI | Armstrong World Industries | 股票-工業 | 1.86% | -0.06% | -6.29% | |
| 29 | RLI | Rli CORP | 股票-金融 | 1.69% | +0.46% | -6.68% | |
| 30 | BC | Brunswick CORP | 股票-循環性消費 | 1.49% | -1.64% | EXIT | |
| 31 | SAM | Boston Beer Company Inc-a | 股票-非循環性消費 | 1.46% | +0.80% | -6.23% | |
| 32 | CAE | Cae Inc | 股票-其他 | 1.34% | -1.89% | EXIT | |
| 33 | KWR | Quaker Chemical Corporation | 股票-其他 | 1.29% | +0.79% | — | |
| 34 | REZI | Resideo Technologies Inc | 股票-工業 | 1.28% | -0.14% | — | |
| 35 | DGII | Digi International Inc | 股票-其他 | 1.28% | +0.75% | -6.66% | |
| 36 | EEFT | Euronet Worldwide Inc | 股票-科技 | 1.11% | +0.09% | +74.02% | |
| 37 | CVLT | Commvault Systems Inc | 股票-科技 | 1.08% | +2.47% | — | |
| 38 | GNTX | Gentex CORP | 股票-循環性消費 | 1.01% | — | -18.95% | |
| 39 | FPI | Farmland Partners Inc | 股票-其他 | 0.88% | — | -48.45% | |
| 40 | CLNE | Clean Energy Fuels CORP | 股票-其他 | 0.84% | +0.11% | -6.69% | |
| 41 | VMI | Valmont Industries | 股票-工業 | 0.30% | +0.09% | -0.33% | |
| 42 | ENS | Enersys | 股票-工業 | 0.25% | +0.05% | -36.75% | |
| 43 | ONT | Onterris Inc | 股票-其他 | 0.22% | +0.02% | -18.20% | |
| 44 | NXT | Nextpower Inc-cl A | 股票-科技 | 0.20% | -0.01% | +1.93% | |
| 45 | ZWS | Zurn Elkay Water Solutions C | 股票-工業 | 0.19% | +0.02% | -38.28% | |
| 46 | BCPC | Balchem CORP | 股票-原物料 | 0.19% | -0.01% | +12.18% | |
| 47 | AGM | Federal Agric Mtg Corp-cl C | 股票-其他 | 0.18% | +0.07% | — | |
| 48 | MWA | Mueller Water Products Inc-a | 股票-工業 | 0.14% | +0.06% | -0.32% | |
| 49 | CVSA | Covista Inc | 股票-非循環性消費 | 0.11% | +0.01% | -29.26% | |
| 50 | VCEL | Vericel CORP | 股票-其他 | 0.11% | +0.07% | +44.85% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | ORA | Ormat Technologies Inc | +2% | -1.56% | 減碼 |
| 2 | COLD | Americold Realty Trust Inc | +1.9% | +5524.51% | 加碼 |
| 3 | AA | Alcoa CORP | +1% | -18.70% | 減碼 |
| 4 | GPOR | Gulfport Energy CORP | +0.8% | +18.25% | 加碼 |
| 5 | RUSHA | Rush Enterprises Inc-cl A | +0.8% | +20.62% | 加碼 |
| 6 | ATNI | Atn International Inc | +0.7% | -6.56% | 減碼 |
| 7 | BC | Brunswick CORP | +0.5% | +21.39% | 加碼 |
| 8 | EXP | Eagle Materials Inc | +0.5% | +32.66% | 加碼 |
| 9 | DNOW | Dnow Inc | +0.5% | +37.00% | 加碼 |
| 10 | EEFT | Euronet Worldwide Inc | +0.4% | +74.02% | 加碼 |
| 11 | SII | Sprott Inc | +0.4% | -6.68% | 減碼 |
| 12 | PRAA | Pra Group Inc | +0.3% | -6.58% | 減碼 |
| 13 | DGII | Digi International Inc | +0.2% | -6.66% | 減碼 |
| 14 | THRM | Gentherm Inc | +0.1% | -6.61% | 減碼 |
| 15 | WTFC | Wintrust Financial CORP | +0.1% | -6.68% | 減碼 |
| 16 | UMBF | Umb Financial CORP | +0.1% | -1.81% | 減碼 |
| 17 | VCEL | Vericel CORP | +0.1% | +44.85% | 加碼 |
| 18 | NXT | Nextpower Inc-cl A | +0.1% | +1.93% | 加碼 |
| 19 | BCPC | Balchem CORP | 0% | +12.18% | 加碼 |
| 20 | VMI | Valmont Industries | 0% | -0.33% | 減碼 |
| 21 | AGM | Federal Agric Mtg Corp-cl C | 0% | — | 不變 |
| 22 | DIOD | Diodes Inc | 0% | +1.59% | 加碼 |
| 23 | BLKB | Blackbaud Inc | — | -18.33% | 減碼 |
| 24 | MWA | Mueller Water Products Inc-a | — | -0.32% | 減碼 |
| 25 | PCRX | Pacira Biosciences Inc | 0% | -13.97% | 減碼 |
| 26 | RLI | Rli CORP | 0% | -6.68% | 減碼 |
| 27 | ENS | Enersys | 0% | -36.75% | 減碼 |
| 28 | AWI | Armstrong World Industries | -0.1% | -6.29% | 減碼 |
| 29 | ONT | Onterris Inc | -0.1% | -18.20% | 減碼 |
| 30 | ZWS | Zurn Elkay Water Solutions C | -0.1% | -38.28% | 減碼 |
| 31 | CVSA | Covista Inc | -0.1% | -29.26% | 減碼 |
| 32 | SAM | Boston Beer Company Inc-a | -0.1% | -6.23% | 減碼 |
| 33 | CLNE | Clean Energy Fuels CORP | -0.2% | -6.69% | 減碼 |
| 34 | SANM | Sanmina CORP | -0.2% | -30.80% | 減碼 |
| 35 | GMED | Globus Medical Inc - A | -0.2% | -41.80% | 減碼 |
| 36 | FSS | Federal Signal CORP | -0.3% | -6.56% | 減碼 |
| 37 | RYN | Rayonier Inc | -0.4% | -2.00% | 減碼 |
| 38 | GNTX | Gentex CORP | -0.4% | -18.95% | 減碼 |
| 39 | LMNR | Limoneira Co | -0.5% | -8.12% | 減碼 |
| 40 | ANIP | Ani Pharmaceuticals Inc | -0.5% | -6.42% | 減碼 |
| 41 | EVR | Evercore Inc - A | -0.7% | -26.34% | 減碼 |
| 42 | GXO | Gxo Logistics Inc | -0.7% | -24.35% | 減碼 |
| 43 | GENI | Genius Sports Limited | -0.7% | -17.37% | 減碼 |
| 44 | ACIW | Aci Worldwide Inc | -0.9% | -29.13% | 減碼 |
| 45 | FPI | Farmland Partners Inc | -0.9% | -48.45% | 減碼 |
| 46 | RDNT | Radnet Inc | -0.9% | -30.54% | 減碼 |
| 47 | CWST | Casella Waste Systems Inc-a | -1.2% | -42.80% | 減碼 |
| 48 | SCZ | Ishares Msci Eafe Small-cap | — | EXIT | 清倉 |
| 49 | BGSI | THE Boyd Group Inc | — | NEW | 新建倉 |
| 50 | CW | Curtiss-wright CORP | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Global Alpha Capital Management Ltd. 在 Q4 2025 季度的美股持倉總市值約為 US$16.7億，共申報了 56 個公開持股部位。
在 Q4 2025 季度，Global Alpha Capital Management Ltd. 按市值排列的前三大核心持股分別為：ORA (11.6%)、SANM (5.2%)、UMBF (4.4%)。其中最大持股部位 ORA 佔據整體投資組合約 11.6% 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
BGSI
市值: US$5093.8萬
本季最大獲利了結 / 清倉標的
SCZ
前期市值: US$6855.7萬
在 Q4 2025 季度中，Global Alpha Capital Management Ltd. 共進行了 64 項持倉異動，包含新建倉 9 個部位、加碼 11 個部位、減碼 35 個部位以及清倉 9 個部位。 其中最大新建倉標的為 BGSI。 本季清倉部位包含 SCZ。
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。