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: 0001863154
申報總市值
US$17.4億
US$17.4億
42 檔
14.6%
截至 Q3 2025 季度末，Goehring & Rozencwajg Associates, LLC 的美股持倉估值約為 US$17.4億，全數申報部位共有 42 檔。
Goehring & Rozencwajg Associates, LLC 在 Q3 2025 的調整主要集中於風險出清，清倉與減碼部位合計達 26 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，Goehring & Rozencwajg Associates, LLC 的前 5 大持股（包含 CCJ, RRC, SDRL）貢獻了組合市值的 14.6%，形成該機構在 Q3 2025 季度的基本面基石。
| # | 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 | CCJ | Cameco CORP | 股票-能源 | 6.54% | +0.35% | -0.11% | |
| 2 | RRC | Range Resources CORP | 股票-能源 | 6.39% | -0.36% | +0.31% | |
| 3 | SDRL | Seadrill Limited | 股票-其他 | 6.16% | -0.25% | +0.66% | |
| 4 | LEU | Centrus Energy Corp-class A | 股票-能源 | 6.01% | +0.21% | -13.18% | |
| 5 | NTR | Nutrien LTD | 股票-原物料 | 5.51% | +1.94% | -0.11% | |
| 6 | VAL | Valaris Limited | 股票-能源 | 5.30% | -1.05% | +108.89% | |
| 7 | AGI | Alamos Gold Inc-class A | 股票-原物料 | 4.92% | -1.64% | EXIT | |
| 8 | SBSW | Sibanye-stillwater Ltd-adr | 股票-其他 | 4.55% | -0.59% | +0.33% | |
| 9 | EQT | Eqt CORP | 股票-能源 | 3.90% | -0.17% | +0.59% | |
| 10 | CNQ | Canadian Natural Resources | 股票-能源 | 3.87% | -0.49% | +78.94% | |
| 11 | NE | Noble Corporation plc | 股票-能源 | 3.68% | -0.59% | +182.97% | |
| 12 | AR | Antero Resources CORP | 股票-能源 | 3.33% | -0.19% | -0.08% | |
| 13 | EQX | Equinox Gold CORP | 股票-其他 | 3.04% | -1.00% | EXIT | |
| 14 | CNR | Core Natural Resources Inc | 股票-能源 | 2.87% | +1.08% | +0.74% | |
| 15 | UEC | Uranium Energy CORP | 股票-能源 | 2.78% | -0.15% | -0.21% | |
| 16 | IE | Ivanhoe Electric Inc / US | 股票-其他 | 2.56% | -0.09% | +0.23% | |
| 17 | UUUU | Energy Fuels Inc | 股票-能源 | 2.16% | -0.13% | -0.10% | |
| 18 | SKE | Skeena Resources LTD | 股票-其他 | 1.94% | — | +0.54% | |
| 19 | MOS | Mosaic Co/the | 股票-原物料 | 1.79% | +0.18% | +0.27% | |
| 20 | MTDR | Matador Resources Co | 股票-能源 | 1.56% | -0.17% | +0.28% | |
| 21 | NXE | Nexgen Energy LTD | 股票-其他 | 1.55% | -0.07% | -0.20% | |
| 22 | ORLA | Orla Mining LTD | 股票-其他 | 1.53% | -0.05% | +0.54% | |
| 23 | AMR | Alpha Metallurgical Resource | 股票-其他 | 1.47% | +2.69% | +0.73% | |
| 24 | EXE | Expand Energy CORP | 股票-能源 | 1.42% | -0.08% | +0.38% | |
| 25 | HBM | Hudbay Minerals Inc | 股票-其他 | 1.41% | — | -0.58% | |
| 26 | OII | Oceaneering Intl Inc | 股票-能源 | 1.39% | +0.45% | +0.19% | |
| 27 | DNN | Denison Mines CORP | 股票-其他 | 1.24% | — | -0.10% | |
| 28 | NG | Novagold Resources Inc | 股票-其他 | 1.21% | -0.09% | +1.30% | |
| 29 | FANG | Diamondback Energy Inc | 股票-能源 | 1.20% | — | +0.22% | |
| 30 | PAAS | Pan American Silver CORP | 股票-原物料 | 1.16% | — | +0.60% | |
| 31 | FCX | Freeport-mcmoran Inc | 股票-原物料 | 1.06% | -0.31% | +0.23% | |
| 32 | ✓ | Caledonia Mng CORP PLC | 股票-其他 | 1.02% | -0.02% | +0.86% | |
| 33 | CRK | Comstock Resources Inc | 股票-其他 | 0.98% | -0.20% | +0.29% | |
| 34 | IPI | Intrepid Potash Inc | 股票-其他 | 0.77% | -0.05% | +0.34% | |
| 35 | CIVI | Civitas Resources Inc | 股票-其他 | 0.76% | — | +0.24% | |
| 36 | SLB | Slb LTD | 股票-能源 | 0.75% | +0.21% | +0.27% | |
| 37 | URG | Ur-energy Inc | 股票-其他 | 0.71% | — | -0.25% | |
| 38 | EU | Encore Energy CORP | 股票-其他 | 0.45% | -0.03% | +0.35% | |
| 39 | TFPM | Triple Flag Precious Met | 股票-原物料 | 0.35% | — | +0.64% | |
| 40 | TMQ | Trilogy Metals Inc | 股票-其他 | 0.34% | +0.03% | +4.60% | |
| 41 | BORR | Borr Drilling Limited | 股票-其他 | 0.34% | -0.13% | +0.85% | |
| 42 | TDW | Tidewater Inc | 股票-能源 | 0.03% | — | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | VAL | Valaris Limited | +4.1% | +108.89% | 加碼 |
| 2 | LEU | Centrus Energy Corp-class A | +3.2% | -13.18% | 減碼 |
| 3 | SBSW | Sibanye-stillwater Ltd-adr | +2.4% | +0.33% | 加碼 |
| 4 | NE | Noble Corporation plc | +1.9% | +182.97% | 加碼 |
| 5 | UUUU | Energy Fuels Inc | +1.2% | -0.10% | 減碼 |
| 6 | CCJ | Cameco CORP | +1.1% | -0.11% | 減碼 |
| 7 | EQX | Equinox Gold CORP | +1.1% | +0.33% | 加碼 |
| 8 | NG | Novagold Resources Inc | +1% | +1.30% | 加碼 |
| 9 | UEC | Uranium Energy CORP | +1% | -0.21% | 減碼 |
| 10 | CNQ | Canadian Natural Resources | +0.9% | +78.94% | 加碼 |
| 11 | SDRL | Seadrill Limited | +0.7% | +0.66% | 加碼 |
| 12 | IE | Ivanhoe Electric Inc / US | +0.6% | +0.23% | 減碼 |
| 13 | ✓ | Caledonia Mng CORP PLC | +0.5% | +0.86% | 加碼 |
| 14 | HBM | Hudbay Minerals Inc | +0.2% | -0.58% | 減碼 |
| 15 | NXE | Nexgen Energy LTD | +0.2% | -0.20% | 減碼 |
| 16 | DNN | Denison Mines CORP | +0.2% | -0.10% | 減碼 |
| 17 | URG | Ur-energy Inc | +0.2% | -0.25% | 加碼 |
| 18 | EU | Encore Energy CORP | +0.1% | +0.35% | 加碼 |
| 19 | TFPM | Triple Flag Precious Met | — | +0.64% | 減碼 |
| 20 | TMQ | Trilogy Metals Inc | -0.1% | +4.60% | 減碼 |
| 21 | BORR | Borr Drilling Limited | -0.1% | +0.85% | 減碼 |
| 22 | PAAS | Pan American Silver CORP | -0.2% | +0.60% | 減碼 |
| 23 | AMR | Alpha Metallurgical Resource | -0.2% | +0.73% | 加碼 |
| 24 | SKE | Skeena Resources LTD | -0.3% | +0.54% | 減碼 |
| 25 | IPI | Intrepid Potash Inc | -0.4% | +0.34% | 減碼 |
| 26 | CRK | Comstock Resources Inc | -0.5% | +0.29% | 加碼 |
| 27 | OII | Oceaneering Intl Inc | -0.5% | +0.19% | 減碼 |
| 28 | CIVI | Civitas Resources Inc | -0.5% | +0.24% | 加碼 |
| 29 | MOS | Mosaic Co/the | -0.6% | +0.27% | 減碼 |
| 30 | SLB | Slb LTD | -0.6% | +0.27% | 減碼 |
| 31 | FCX | Freeport-mcmoran Inc | -0.6% | +0.23% | 減碼 |
| 32 | EXE | Expand Energy CORP | -0.8% | +0.38% | 減碼 |
| 33 | FANG | Diamondback Energy Inc | -0.8% | +0.22% | 加碼 |
| 34 | ORLA | Orla Mining LTD | -0.8% | +0.54% | 減碼 |
| 35 | AGI | Alamos Gold Inc-class A | -0.9% | +0.19% | 減碼 |
| 36 | NTR | Nutrien LTD | -0.9% | -0.11% | 加碼 |
| 37 | CNR | Core Natural Resources Inc | -0.9% | +0.74% | 加碼 |
| 38 | MTDR | Matador Resources Co | -1.2% | +0.28% | 減碼 |
| 39 | EQT | Eqt CORP | -2% | +0.59% | 減碼 |
| 40 | AR | Antero Resources CORP | -3% | -0.08% | 減碼 |
| 41 | RRC | Range Resources CORP | -4.1% | +0.31% | 減碼 |
| 42 | RIG | Transocean Ltd. | — | EXIT | 清倉 |
| 43 | TDW | Tidewater Inc | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Goehring & Rozencwajg Associates, LLC 在 Q3 2025 季度的美股持倉總市值約為 US$17.4億，共申報了 42 個公開持股部位。
在 Q3 2025 季度，Goehring & Rozencwajg Associates, LLC 按市值排列的前三大核心持股分別為：CCJ (6.5%)、RRC (6.4%)、SDRL (6.2%)。其中最大持股部位 CCJ 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
TDW
市值: US$20.9萬
本季最大獲利了結 / 清倉標的
RIG
前期市值: US$284.1萬
在 Q3 2025 季度中，Goehring & Rozencwajg Associates, LLC 共進行了 43 項持倉異動，包含新建倉 1 個部位、加碼 16 個部位、減碼 25 個部位以及清倉 1 個部位。 其中最大新建倉標的為 TDW。 本季清倉部位包含 RIG。
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。