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: 0001907528
申報總市值
US$1.3億
US$1.3億
63 檔
22.4%
根據最新整理的 13F 季度數據集，Graham Capital Wealth Management, LLC 於 Q4 2025 結束時的管理資產規模為 US$1.3億。該機構在本季度申報了 63 檔美股持倉，呈現出該時期的主要投資地圖。
在 Q4 2025，Graham Capital Wealth Management, LLC 展現出較為審慎的避險與獲利了結姿態。本季共減碼 19 個部位並完全清倉 15 檔持股，調降曝險的部位數量高於加碼動作。
檢視投資組合結構，前 5 大主力部位（包含 RSPT, RSP, EFSI）占據了總市值的 22.4%，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 | RSPT | Invesco S&p 500 Equal Weight | ETF-大型股與成長 | 7.54% | +0.01% | +15.80% | |
| 2 | RSP | Invesco S&p 500 Equal Weight | ETF-大型股與成長 | 5.98% | — | +1000.03% | |
| 3 | EFSI | Eagle Financial Services Inc | 股票-其他 | 4.69% | +0.09% | -1.26% | |
| 4 | LNG | Cheniere Energy Inc | 股票-能源 | 4.44% | -0.98% | -0.72% | |
| 5 | BRBS | Blue Ridge Bankshares Inc | 股票-其他 | 3.92% | -0.99% | -1.28% | |
| 6 | ✓ | Cmb.Tech Nv Shs | 股票-其他 | 3.88% | -0.74% | +36.32% | |
| 7 | SFBC | Sound Financial Bancorp Inc | 股票-其他 | 3.62% | -0.45% | +275.41% | |
| 8 | HCC | Warrior Met Coal Inc | 股票-原物料 | 3.52% | — | -1.44% | |
| 9 | CFBK | Cf Bankshares Inc | 股票-其他 | 3.50% | -2.00% | EXIT | |
| 10 | RSPC | Invesco S&p 500 Equal Weig C | ETF-大型股與成長 | 3.31% | -0.91% | — | |
| 11 | VTOL | Bristow Group Inc | 股票-其他 | 3.30% | -0.37% | -0.47% | |
| 12 | RSPN | Invesco S&p 500 Equal Weight | ETF-大型股與成長 | 3.21% | -0.48% | — | |
| 13 | PEG | Public Service Enterprise Gp | 股票-公用事業 | 3.14% | -0.29% | -1.92% | |
| 14 | CLST | Catalyst Bancorp Inc | 股票-其他 | 2.82% | -0.40% | -0.58% | |
| 15 | CPBI | Central Plains Bancshares In | 股票-其他 | 2.80% | -0.11% | +98.58% | |
| 16 | D | Dominion Energy Inc | 股票-公用事業 | 2.68% | -0.03% | +2.68% | |
| 17 | ENB | Enbridge Inc | 股票-能源 | 2.52% | -0.37% | -1.47% | |
| 18 | EOG | Eog Resources Inc | 股票-能源 | 2.42% | -0.62% | -2.46% | |
| 19 | CTRA | Coterra Energy Inc | 股票-能源 | 2.24% | -2.84% | EXIT | |
| 20 | CPT | Camden Property Trust | 股票-房地產 | 2.21% | -0.06% | -0.78% | |
| 21 | UDR | Udr Inc | 股票-房地產 | 2.11% | -0.06% | -3.65% | |
| 22 | NLOP | Net Lease Office Property | 股票-其他 | 2.01% | — | +41.57% | |
| 23 | ✓ | 股票-其他 | 1.90% | -0.08% | +172.34% | ||
| 24 | CHCT | Community Healthcare Trust I | 股票-其他 | 1.65% | — | -1.04% | |
| 25 | GNK | Genco Shipping & Trading Limited | 股票-其他 | 1.60% | — | — | |
| 26 | CI | THE Cigna Group | 股票-醫療保健 | 1.54% | -0.02% | -1.25% | |
| 27 | MAA | Mid-america Apartment Comm | 股票-房地產 | 1.36% | -0.05% | -2.33% | |
| 28 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.20% | +0.07% | -0.36% | |
| 29 | LSBK | Lake Shore Bancorp Inc/md | 股票-其他 | 1.04% | +0.02% | +1.81% | |
| 30 | FISV | Fiserv Inc | 股票-其他 | 1.04% | — | -13.42% | |
| 31 | AAPL | Apple Inc | 股票-科技 | 0.93% | -0.05% | +0.16% | |
| 32 | IAU | Ishares Gold Trust | ETF-避險與商品 | 0.90% | -0.27% | -2.59% | |
| 33 | NSTS | Nsts Bancorp Inc | 股票-其他 | 0.83% | +0.12% | — | |
| 34 | KNTK | Kinetik Holdings Inc | 股票-其他 | 0.73% | — | -2.64% | |
| 35 | MSFT | Microsoft CORP | 股票-科技 | 0.66% | -0.06% | -1.53% | |
| 36 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.61% | -0.02% | -4.32% | |
| 37 | JAAA | Janus Henderson Aaa Clo ETF | ETF-其他 | 0.57% | — | -8.66% | |
| 38 | NEE | Nextera Energy Inc | 股票-公用事業 | 0.52% | -0.11% | -1.11% | |
| 39 | SPE 2.75 01-27-27 C債券 | Special Opportunity Fund | 債券 | 0.48% | — | -9.67% | |
| 40 | NVDA | Nvidia CORP | 股票-科技 | 0.48% | — | +0.22% | |
| 41 | CLOA | Ishares Aaa Clo Act Etf-usdi | ETF-其他 | 0.46% | +0.25% | +10.37% | |
| 42 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.46% | -0.07% | -0.39% | |
| 43 | ✓ | American Exceptionalism Acqu | 股票-其他 | 0.44% | +0.68% | -1.42% | |
| 44 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 0.40% | — | -24.59% | |
| 45 | VOO | Vanguard S&p 500 ETF | ETF-大型股與成長 | 0.39% | +0.06% | +3.98% | |
| 46 | ✓ | Cantor Equity Partners V Inc | 股票-其他 | 0.37% | — | — | |
| 47 | AMZN | Amazon.com Inc | 股票-循環性消費 | 0.36% | — | -7.99% | |
| 48 | PM | Philip Morris International | 股票-非循環性消費 | 0.34% | -0.01% | -13.56% | |
| 49 | SLV | Ishares Silver Trust | ETF-避險與商品 | 0.29% | -0.10% | — | |
| 50 | KTF | Dws Municipal Income Trust | 股票-其他 | 0.29% | -0.02% | -1.67% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | RSP | Invesco S&p 500 Equal Weight | +5.4% | +1000.03% | 加碼 |
| 2 | SFBC | Sound Financial Bancorp Inc | +2.5% | +275.41% | 加碼 |
| 3 | CPBI | Central Plains Bancshares In | +1.3% | +98.58% | 加碼 |
| 4 | ✓ | +1.1% | +172.34% | 加碼 | |
| 5 | ✓ | Cmb.Tech Nv Shs | +0.8% | +36.32% | 加碼 |
| 6 | HCC | Warrior Met Coal Inc | +0.7% | -1.44% | 減碼 |
| 7 | RSPT | Invesco S&p 500 Equal Weight | +0.5% | +15.80% | 加碼 |
| 8 | NLOP | Net Lease Office Property | +0.2% | +41.57% | 加碼 |
| 9 | CLST | Catalyst Bancorp Inc | +0.2% | -0.58% | 減碼 |
| 10 | GOOGL | Alphabet Inc-cl A | +0.2% | -0.36% | 減碼 |
| 11 | SLV | Ishares Silver Trust | +0.1% | — | 不變 |
| 12 | LSBK | Lake Shore Bancorp Inc/md | 0% | +1.81% | 加碼 |
| 13 | CFBK | Cf Bankshares Inc | — | +6.62% | 加碼 |
| 14 | CTRA | Coterra Energy Inc | 0% | -1.41% | 減碼 |
| 15 | IAU | Ishares Gold Trust | 0% | -2.59% | 減碼 |
| 16 | AAPL | Apple Inc | 0% | +0.16% | 加碼 |
| 17 | CHCT | Community Healthcare Trust I | -0.1% | -1.04% | 減碼 |
| 18 | PM | Philip Morris International | -0.1% | -13.56% | 減碼 |
| 19 | MSFT | Microsoft CORP | -0.1% | -1.53% | 減碼 |
| 20 | WRB | Wr Berkley CORP | -0.1% | -32.73% | 減碼 |
| 21 | SPY | Ss Spdr S&p 500 ETF Trust-us | -0.2% | -24.59% | 減碼 |
| 22 | KNTK | Kinetik Holdings Inc | -0.3% | -2.64% | 減碼 |
| 23 | CI | THE Cigna Group | -0.3% | -1.25% | 減碼 |
| 24 | EFSI | Eagle Financial Services Inc | -0.3% | -1.26% | 減碼 |
| 25 | UDR | Udr Inc | -0.4% | -3.65% | 減碼 |
| 26 | ENB | Enbridge Inc | -0.5% | -1.47% | 減碼 |
| 27 | EOG | Eog Resources Inc | -0.5% | -2.46% | 減碼 |
| 28 | PEG | Public Service Enterprise Gp | -0.6% | -1.92% | 減碼 |
| 29 | FISV | Fiserv Inc | -1.5% | -13.42% | 減碼 |
| 30 | LNG | Cheniere Energy Inc | -1.6% | -0.72% | 減碼 |
| 31 | RSPC | Invesco S&p 500 Equal Weig C | — | NEW | 新建倉 |
| 32 | RSPN | Invesco S&p 500 Equal Weight | — | NEW | 新建倉 |
| 33 | WPC | Wp Carey Inc | — | EXIT | 清倉 |
| 34 | GNK | Genco Shipping & Trading Limited | — | NEW | 新建倉 |
| 35 | SILA | Sila Realty Trust Inc | — | EXIT | 清倉 |
| 36 | AMT | American Tower CORP | — | EXIT | 清倉 |
| 37 | ✓ | Cantor Equity Partners I Inc | — | EXIT | 清倉 |
| 38 | SMC | Summit Midstream CORP | — | EXIT | 清倉 |
| 39 | ✓ | A Spac Iii Acquisition CORP | — | EXIT | 清倉 |
| 40 | KOS | Kosmos Energy LTD | — | EXIT | 清倉 |
| 41 | NSTS | Nsts Bancorp Inc | — | NEW | 新建倉 |
| 42 | CEPO | Cantor Equity Partners I, Inc. | — | EXIT | 清倉 |
| 43 | ✓ | — | EXIT | 清倉 | |
| 44 | ✓ | Voyager Acquisition CORP | — | EXIT | 清倉 |
| 45 | ✓ | Cantor Equity Partners V Inc | — | NEW | 新建倉 |
| 46 | ✓ | Fact Ii Acquisition CORP | — | EXIT | 清倉 |
| 47 | NFLX | Netflix Inc | — | EXIT | 清倉 |
| 48 | PG | Procter & Gamble Co/the | — | EXIT | 清倉 |
| 49 | ✓ | Launch One Acquisition CORP | — | EXIT | 清倉 |
| 50 | ✓ | Tavia Acquisition Corp Unit 99/99/9999 | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Graham Capital Wealth Management, LLC 在 Q4 2025 季度的美股持倉總市值約為 US$1.3億，共申報了 63 個公開持股部位。
在 Q4 2025 季度，Graham Capital Wealth Management, LLC 按市值排列的前三大核心持股分別為：RSPT (7.5%)、RSP (6.0%)、EFSI (4.7%)。其中最大持股部位 RSPT 佔據整體投資組合約 7.5% 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
RSPC
市值: US$360.0萬
本季最大獲利了結 / 清倉標的
WPC
前期市值: US$227.2萬
在 Q4 2025 季度中，Graham Capital Wealth Management, LLC 共進行了 49 項持倉異動，包含新建倉 5 個部位、加碼 10 個部位、減碼 19 個部位以及清倉 15 個部位。 其中最大新建倉標的為 RSPC。 本季清倉部位包含 WPC。
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。