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: 0001145255
申報總市值
US$31.3億
US$31.3億
283 檔
8.5%
在 Q4 2025 申報期間，Hennessy Advisors Inc（CIK: 0001145255）向美國 SEC 提交的 Form 13F 報告顯示，其追蹤之股票投資組合總市值達 US$31.3億，共持有 283 個公開申報部位。
數據顯示 Hennessy Advisors Inc 於 Q4 2025 季度持續回收資金，對 44 個既有部位進行裁減並清倉 2 個標的，組合整體流動性比重有所上升。
從部位權重觀察，前 5 大標的（包含 ECHO, DY, CASY）累計市值佔比達 8.5%，是驅動 Hennessy Advisors Inc 該季度整體投資組合績效表現的核心支柱。
僅顯示前 200 大持股（共 283 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 | ECHO | Echostar Corp-a | 股票-通訊服務 | 2.03% | -0.47% | -5.27% | |
| 2 | DY | Dycom Industries Inc | 股票-工業 | 1.90% | +0.56% | -5.31% | |
| 3 | CASY | Casey's General Stores Inc | 股票-循環性消費 | 1.88% | -0.54% | -5.52% | |
| 4 | M | Macy's, Inc. | 股票-循環性消費 | 1.83% | +0.21% | -5.28% | |
| 5 | CHRW | C.h. Robinson Worldwide Inc | 股票-工業 | 1.81% | +0.31% | -5.27% | |
| 6 | SANM | Sanmina CORP | 股票-科技 | 1.79% | +1.38% | -5.29% | |
| 7 | MTZ | Mastec Inc | 股票-工業 | 1.75% | +0.35% | -5.27% | |
| 8 | SNEX | Stonex Group Inc | 股票-金融 | 1.73% | +0.08% | -5.43% | |
| 9 | AAL | American Airlines Group Inc | 股票-工業 | 1.69% | +0.53% | -7.02% | |
| 10 | W | Wayfair Inc- Class A | 股票-循環性消費 | 1.64% | +0.10% | -5.29% | |
| 11 | VSAT | Viasat Inc | 股票-科技 | 1.62% | +1.47% | -5.28% | |
| 12 | VISN | Vistance Networks Inc | 股票-科技 | 1.59% | -0.56% | -5.28% | |
| 13 | CCK | Crown Holdings Inc | 股票-循環性消費 | 1.55% | -0.02% | -5.27% | |
| 14 | LDOS | Leidos Holdings Inc | 股票-科技 | 1.55% | -0.51% | -6.82% | |
| 15 | JLL | Jones Lang Lasalle Inc | 股票-房地產 | 1.53% | -0.13% | -5.24% | |
| 16 | PRIM | Primoris Services CORP | 股票-工業 | 1.52% | -0.40% | -5.27% | |
| 17 | GVA | Granite Construction Inc | 股票-工業 | 1.51% | +0.24% | -5.27% | |
| 18 | SNX | TD Synnex CORP | 股票-科技 | 1.42% | +0.94% | -7.34% | |
| 19 | LAD | Lithia Motors Inc | 股票-循環性消費 | 1.39% | +0.03% | -5.30% | |
| 20 | NXST | Nexstar Media Group Inc | 股票-通訊服務 | 1.38% | -0.14% | -5.29% | |
| 21 | ALV | Autoliv Inc | 股票-循環性消費 | 1.33% | -0.03% | -5.28% | |
| 22 | J | Jacobs Solutions Inc | 股票-工業 | 1.30% | -0.14% | -5.27% | |
| 23 | CAKE | Cheesecake Factory Inc/the | 股票-循環性消費 | 1.28% | +0.36% | -5.28% | |
| 24 | LYFT | Lyft Inc-a | 股票-科技 | 1.22% | -0.02% | -5.28% | |
| 25 | PTON | Peloton Interactive Inc-a | 股票-循環性消費 | 1.08% | +0.15% | — | |
| 26 | CALM | Cal-maine Foods Inc | 股票-非循環性消費 | 1.08% | -0.10% | -5.29% | |
| 27 | ACM | Aecom | 股票-工業 | 1.07% | -0.24% | -5.28% | |
| 28 | WMB | Williams Cos Inc | 股票-能源 | 1.05% | -0.13% | -6.56% | |
| 29 | PENN | Penn Entertainment Inc | 股票-循環性消費 | 1.04% | +0.25% | -5.28% | |
| 30 | OKE | Oneok Inc | 股票-能源 | 1.03% | -0.29% | -2.39% | |
| 31 | LNG | Cheniere Energy Inc | 股票-能源 | 1.02% | -0.18% | +14.86% | |
| 32 | KMI | Kinder Morgan, Inc. | 股票-能源 | 0.99% | -0.19% | -3.22% | |
| 33 | TRP | Tc Energy CORP | 股票-能源 | 0.98% | -0.15% | -6.19% | |
| 34 | BRK-A | Berkshire Hathaway Inc-cl A | 股票-其他 | 0.88% | -0.09% | — | |
| 35 | ENB | Enbridge Inc | 股票-能源 | 0.86% | -0.17% | -0.86% | |
| 36 | ATO | Atmos Energy CORP | 股票-公用事業 | 0.86% | -0.14% | -2.50% | |
| 37 | OPEN | Opendoor Technologies Inc | 股票-房地產 | 0.85% | -0.08% | -5.28% | |
| 38 | SRE | Sempra | 股票-公用事業 | 0.85% | -0.15% | -8.80% | |
| 39 | WWW | Wolverine World Wide Inc | 股票-其他 | 0.81% | -0.07% | -5.28% | |
| 40 | EQT | Eqt CORP | 股票-能源 | 0.80% | -0.49% | -19.55% | |
| 41 | SO | Southern Co/the | 股票-公用事業 | 0.78% | -0.08% | -2.62% | |
| 42 | ATRO | Astronics CORP | 股票-其他 | 0.75% | -0.91% | EXIT | |
| 43 | BTSG | Brightspring Health Services | 股票-其他 | 0.67% | -0.32% | -6.10% | |
| 44 | DTM | Dt Midstream Inc | 股票-能源 | 0.64% | — | -2.28% | |
| 45 | VZ | Verizon Communications Inc | 股票-通訊服務 | 0.62% | -0.48% | -4.31% | |
| 46 | CAH | Cardinal Health Inc | 股票-醫療保健 | 0.60% | -0.46% | EXIT | |
| 47 | WEC | Wec Energy Group Inc | 股票-公用事業 | 0.56% | -0.06% | -1.58% | |
| 48 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.54% | -0.05% | -8.18% | |
| 49 | NI | Nisource Inc | 股票-公用事業 | 0.54% | -0.05% | — | |
| 50 | TIGO | Millicom International Cellular S.A. | 股票-通訊服務 | 0.51% | -0.68% | EXIT |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | ECHO | Echostar Corp-a | +0.6% | -5.27% | 減碼 |
| 2 | AAL | American Airlines Group Inc | +0.4% | -7.02% | 減碼 |
| 3 | SANM | Sanmina CORP | +0.4% | -5.29% | 減碼 |
| 4 | M | Macy's, Inc. | +0.3% | -5.28% | 減碼 |
| 5 | CHRW | C.h. Robinson Worldwide Inc | +0.3% | -5.27% | 減碼 |
| 6 | DY | Dycom Industries Inc | +0.2% | -5.31% | 減碼 |
| 7 | VSAT | Viasat Inc | +0.2% | -5.28% | 減碼 |
| 8 | VISN | Vistance Networks Inc | +0.2% | -5.28% | 減碼 |
| 9 | W | Wayfair Inc- Class A | +0.1% | -5.29% | 減碼 |
| 10 | CAH | Cardinal Health Inc | +0.1% | -5.14% | 減碼 |
| 11 | JLL | Jones Lang Lasalle Inc | +0.1% | -5.24% | 減碼 |
| 12 | BTSG | Brightspring Health Services | +0.1% | -6.10% | 減碼 |
| 13 | COMP | Compass Inc - Class A | +0.1% | -6.10% | 減碼 |
| 14 | MRK | Merck & Co. Inc. | +0.1% | -2.75% | 減碼 |
| 15 | ATRO | Astronics CORP | +0.1% | -6.10% | 減碼 |
| 16 | UNH | Unitedhealth Group Inc | +0.1% | +385.71% | 加碼 |
| 17 | MTZ | Mastec Inc | 0% | -5.27% | 減碼 |
| 18 | KMI | Kinder Morgan, Inc. | 0% | -3.22% | 減碼 |
| 19 | MO | Altria Group Inc | -0.1% | -4.11% | 減碼 |
| 20 | VZ | Verizon Communications Inc | -0.1% | -4.31% | 減碼 |
| 21 | MCD | Mcdonald's CORP | -0.1% | -22.33% | 減碼 |
| 22 | LYV | Live Nation Entertainment In | -0.1% | -6.12% | 減碼 |
| 23 | CHTR | Charter Communications Inc-a | -0.1% | -6.15% | 減碼 |
| 24 | KR | Kroger Co | -0.1% | -5.71% | 減碼 |
| 25 | SRE | Sempra | -0.1% | -8.80% | 減碼 |
| 26 | SO | Southern Co/the | -0.1% | -2.62% | 減碼 |
| 27 | IBM | Intl Business Machines CORP | -0.1% | -26.10% | 減碼 |
| 28 | ALV | Autoliv Inc | -0.1% | -5.28% | 減碼 |
| 29 | CASY | Casey's General Stores Inc | -0.1% | -5.52% | 減碼 |
| 30 | WMB | Williams Cos Inc | -0.1% | -6.56% | 減碼 |
| 31 | GRPN | Groupon Inc | -0.1% | -6.12% | 減碼 |
| 32 | LDOS | Leidos Holdings Inc | -0.1% | -6.82% | 減碼 |
| 33 | CAKE | Cheesecake Factory Inc/the | -0.1% | -5.28% | 減碼 |
| 34 | SNEX | Stonex Group Inc | -0.2% | -5.43% | 減碼 |
| 35 | EQT | Eqt CORP | -0.2% | -19.55% | 減碼 |
| 36 | SNX | TD Synnex CORP | -0.2% | -7.34% | 減碼 |
| 37 | PRIM | Primoris Services CORP | -0.2% | -5.27% | 減碼 |
| 38 | J | Jacobs Solutions Inc | -0.2% | -5.27% | 減碼 |
| 39 | LYFT | Lyft Inc-a | -0.2% | -5.28% | 減碼 |
| 40 | CALM | Cal-maine Foods Inc | -0.2% | -5.29% | 減碼 |
| 41 | OPEN | Opendoor Technologies Inc | -0.4% | -5.28% | 減碼 |
| 42 | PENN | Penn Entertainment Inc | -0.4% | -5.28% | 減碼 |
| 43 | PRCH | Porch Group Inc | -0.4% | -6.11% | 減碼 |
| 44 | ACM | Aecom | -0.4% | -5.28% | 減碼 |
| 45 | WWW | Wolverine World Wide Inc | -0.5% | -5.28% | 減碼 |
| 46 | PTON | Peloton Interactive Inc-a | — | NEW | 新建倉 |
| 47 | UL | Unilever PLC | — | EXIT | 清倉 |
| 48 | TTE | TotalEnergies SE | — | NEW | 新建倉 |
| 49 | TTEN | Totalenergies Se -spon Adr | — | EXIT | 清倉 |
| 50 | UL | Unilever Plc-sponsored Adr | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Hennessy Advisors Inc 在 Q4 2025 季度的美股持倉總市值約為 US$31.3億，共申報了 283 個公開持股部位。
在 Q4 2025 季度，Hennessy Advisors Inc 按市值排列的前三大核心持股分別為：ECHO (2.0%)、DY (1.9%)、CASY (1.9%)。其中最大持股部位 ECHO 佔據整體投資組合約 2.0% 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
PTON
市值: US$3053.3萬
本季最大獲利了結 / 清倉標的
UL
前期市值: US$573.8萬
在 Q4 2025 季度中，Hennessy Advisors Inc 共進行了 50 項持倉異動，包含新建倉 3 個部位、加碼 1 個部位、減碼 44 個部位以及清倉 2 個部位。 其中最大新建倉標的為 PTON。 本季清倉部位包含 UL。
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。