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: 0001368465
申報總市值
US$43.9億
US$43.9億
653 檔
12.5%
截至 Q4 2025 季度末，Hillsdale Investment Management Inc. 的美股持倉估值約為 US$43.9億，全數申報部位共有 653 檔。
Hillsdale Investment Management Inc. 在 Q4 2025 進行了結構性的板塊輪動與部位換股。在開立 45 個全新部位及加碼 57 檔持股的同時，亦同步清倉 36 檔並減碼 62 檔標的。
整體而言，Hillsdale Investment Management Inc. 的前 5 大持股（包含 RY, CM, TD）貢獻了組合市值的 12.5%，形成該機構在 Q4 2025 季度的基本面基石。
本季最大新建倉標的
PDS
市值: US$2097.9萬
本季最大獲利了結 / 清倉標的
GAU
前期市值: US$1151.5萬
僅顯示前 200 大持股（共 653 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 | RY | Royal Bank Of Canada | 股票-金融 | 4.55% | +0.06% | +13.02% | |
| 2 | CM | Can Imperial Bk Of Commerce | 股票-金融 | 3.08% | -0.30% | +3.55% | |
| 3 | TD | Toronto-dominion Bank | 股票-金融 | 3.04% | -0.23% | +7.25% | |
| 4 | BNS | Bank Of Nova Scotia | 股票-金融 | 2.35% | +0.23% | +5.40% | |
| 5 | SHOP | Shopify Inc - Class A | 股票-科技 | 2.13% | -0.07% | -10.69% | |
| 6 | EFXT | Enerflex LTD | 股票-其他 | 2.00% | -0.16% | -0.32% | |
| 7 | AEM | Agnico Eagle Mines LTD | 股票-原物料 | 1.95% | -0.77% | +1.65% | |
| 8 | BMO | Bank Of Montreal | 股票-金融 | 1.72% | -0.15% | -8.93% | |
| 9 | ENB | Enbridge Inc | 股票-能源 | 1.55% | +0.41% | -8.77% | |
| 10 | B | Barrick Mining CORP | 股票-原物料 | 1.40% | -0.39% | +7.25% | |
| 11 | CGAU | Centerra Gold Inc | 股票-其他 | 1.40% | -0.64% | +62.89% | |
| 12 | ERO | Ero Copper CORP | 股票-其他 | 1.32% | -0.25% | +602.85% | |
| 13 | NVDA | Nvidia CORP | 股票-科技 | 1.26% | -0.01% | +3.66% | |
| 14 | WPM | Wheaton Precious Metals CORP | 股票-原物料 | 1.24% | -0.25% | +1.47% | |
| 15 | FTS | Fortis Inc | 股票-公用事業 | 1.13% | -0.75% | -3.69% | |
| 16 | AAPL | Apple Inc | 股票-科技 | 1.11% | -0.01% | +5.22% | |
| 17 | BCE | Bce Inc | 股票-通訊服務 | 1.09% | -0.13% | -1.95% | |
| 18 | MGA | Magna International Inc | 股票-循環性消費 | 1.07% | -0.36% | +2.29% | |
| 19 | KGC | Kinross Gold CORP | 股票-原物料 | 1.05% | -0.81% | -20.80% | |
| 20 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.02% | -0.04% | -2.15% | |
| 21 | SU | Suncor Energy Inc | 股票-能源 | 1.01% | +0.67% | +217.41% | |
| 22 | MSFT | Microsoft CORP | 股票-科技 | 1.00% | -0.11% | +1.06% | |
| 23 | RCI | Rogers Communications Inc-b | 股票-其他 | 0.99% | -0.75% | +56.87% | |
| 24 | PBA | Pembina Pipeline CORP | 股票-能源 | 0.97% | +0.68% | +187.36% | |
| 25 | SMIN | Ishares Msci India Small-cap | ETF-其他 | 0.96% | -0.08% | — | |
| 26 | ARIS | Aris Mining CORP | 股票-其他 | 0.90% | -0.18% | -50.39% | |
| 27 | EMA | Emera Inc | 股票-其他 | 0.90% | +0.09% | -7.76% | |
| 28 | NGDN | New Gold Inc | 股票-其他 | 0.81% | — | -38.97% | |
| 29 | AG | First Majestic Silver CORP | 股票-原物料 | 0.76% | -0.44% | -38.62% | |
| 30 | MFC | Manulife Financial CORP | 股票-金融 | 0.72% | -1.25% | +96.38% | |
| 31 | QSR | Restaurant Brands Intern | 股票-循環性消費 | 0.71% | -0.37% | +851.50% | |
| 32 | AMZN | Amazon.com Inc | 股票-循環性消費 | 0.64% | — | -4.61% | |
| 33 | PAAS | Pan American Silver CORP | 股票-原物料 | 0.63% | -0.43% | -31.68% | |
| 34 | BN | Brookfield CORP | 股票-金融 | 0.62% | -0.05% | -2.20% | |
| 35 | PDS | Precision Drilling CORP | 股票-其他 | 0.58% | -0.40% | — | |
| 36 | SSRM | Ssr Mining Inc | 股票-原物料 | 0.56% | -0.01% | -47.28% | |
| 37 | CVE | Cenovus Energy Inc | 股票-能源 | 0.54% | +0.45% | +105.00% | |
| 38 | IAG | Iamgold CORP | 股票-其他 | 0.49% | -0.30% | +23.98% | |
| 39 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.48% | -0.05% | -4.97% | |
| 40 | CNQ | Canadian Natural Resources | 股票-能源 | 0.46% | +0.72% | +11.80% | |
| 41 | CLS | Celestica Inc | 股票-科技 | 0.40% | -0.03% | -21.20% | |
| 42 | BAM | Brookfield Asset Mgmt-a | 股票-金融 | 0.37% | -0.09% | +0.82% | |
| 43 | FSM | Fortuna Mining CORP | 股票-其他 | 0.37% | -0.14% | -50.78% | |
| 44 | NTR | Nutrien LTD | 股票-原物料 | 0.36% | +0.48% | +60.90% | |
| 45 | GIL | Gildan Activewear Inc | 股票-循環性消費 | 0.36% | — | -2.09% | |
| 46 | ARWR | Arrowhead Pharmaceuticals In | 股票-醫療保健 | 0.36% | — | — | |
| 47 | AVGO | Broadcom Inc | 股票-科技 | 0.35% | -0.03% | +8.82% | |
| 48 | BBIO | Bridgebio Pharma Inc | 股票-醫療保健 | 0.35% | -0.05% | -0.44% | |
| 49 | HBM | Hudbay Minerals Inc | 股票-其他 | 0.35% | -0.12% | -38.56% | |
| 50 | GH | Guardant Health Inc | 股票-醫療保健 | 0.34% | +0.08% | -21.50% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | ERO | Ero Copper CORP | +1.2% | +602.85% | 加碼 |
| 2 | RY | Royal Bank Of Canada | +0.8% | +13.02% | 加碼 |
| 3 | CGAU | Centerra Gold Inc | +0.7% | +62.89% | 加碼 |
| 4 | SU | Suncor Energy Inc | +0.7% | +217.41% | 加碼 |
| 5 | QSR | Restaurant Brands Intern | +0.6% | +851.50% | 加碼 |
| 6 | PBA | Pembina Pipeline CORP | +0.6% | +187.36% | 加碼 |
| 7 | EFXT | Enerflex LTD | +0.5% | -0.32% | 減碼 |
| 8 | TD | Toronto-dominion Bank | +0.4% | +7.25% | 加碼 |
| 9 | MFC | Manulife Financial CORP | +0.4% | +96.38% | 加碼 |
| 10 | RCI | Rogers Communications Inc-b | +0.4% | +56.87% | 加碼 |
| 11 | B | Barrick Mining CORP | +0.3% | +7.25% | 加碼 |
| 12 | CVE | Cenovus Energy Inc | +0.3% | +105.00% | 加碼 |
| 13 | DY | Dycom Industries Inc | +0.2% | +82666.67% | 加碼 |
| 14 | CM | Can Imperial Bk Of Commerce | +0.2% | +3.55% | 加碼 |
| 15 | HLLY | Holley Inc | +0.2% | +76322.44% | 加碼 |
| 16 | BNS | Bank Of Nova Scotia | +0.2% | +5.40% | 加碼 |
| 17 | ANF | Abercrombie & Fitch Co-cl A | +0.2% | +130.64% | 加碼 |
| 18 | IAG | Iamgold CORP | +0.2% | +23.98% | 加碼 |
| 19 | OVV | Ovintiv Inc | +0.2% | +317.33% | 加碼 |
| 20 | BAC | Bank Of America CORP | +0.1% | +587.07% | 加碼 |
| 21 | GPOR | Gulfport Energy CORP | +0.1% | +60000.00% | 加碼 |
| 22 | GOOGL | Alphabet Inc-cl A | +0.1% | -2.15% | 減碼 |
| 23 | NTR | Nutrien LTD | +0.1% | +60.90% | 加碼 |
| 24 | CNI | Canadian Natl Railway Co | +0.1% | +157.32% | 加碼 |
| 25 | TCBI | Texas Capital Bancshares Inc | +0.1% | +57777.78% | 加碼 |
| 26 | QCOM | Qualcomm Inc | +0.1% | +341.85% | 加碼 |
| 27 | AIZ | Assurant Inc | +0.1% | +394.74% | 加碼 |
| 28 | AMD | Advanced Micro Devices | +0.1% | +513.58% | 加碼 |
| 29 | ITT | Itt Inc | +0.1% | +19090.91% | 加碼 |
| 30 | BWA | Borgwarner Inc | +0.1% | +371.63% | 加碼 |
| 31 | RIGL | Rigel Pharmaceuticals Inc | +0.1% | -0.64% | 減碼 |
| 32 | BBIO | Bridgebio Pharma Inc | +0.1% | -0.44% | 減碼 |
| 33 | TTC | Toro Co | +0.1% | +379.57% | 加碼 |
| 34 | SONO | Sonos Inc | +0.1% | +59.98% | 加碼 |
| 35 | MS | Morgan Stanley | +0.1% | +419.86% | 加碼 |
| 36 | CRUS | Cirrus Logic Inc | +0.1% | +286.80% | 加碼 |
| 37 | LLY | Eli Lilly & Co | +0.1% | +56.23% | 加碼 |
| 38 | TPC | Tutor Perini CORP | +0.1% | +69.83% | 加碼 |
| 39 | RAIL | Freightcar America Inc | +0.1% | +708.21% | 加碼 |
| 40 | DINO | Hf Sinclair CORP | +0.1% | +317.91% | 加碼 |
| 41 | WFC | Wells Fargo & Co | +0.1% | +78.91% | 加碼 |
| 42 | MGA | Magna International Inc | +0.1% | +2.29% | 加碼 |
| 43 | TDC | Teradata CORP | +0.1% | -0.09% | 減碼 |
| 44 | BFH | Bread Financial Holdings Inc | +0.1% | +9.63% | 加碼 |
| 45 | ENVA | Enova International Inc | +0.1% | +1.84% | 加碼 |
| 46 | ZYME | Zymeworks Inc | +0.1% | +9.93% | 加碼 |
| 47 | TVTX | Travere Therapeutics Inc | +0.1% | -0.66% | 減碼 |
| 48 | LRCX | Lam Research CORP | +0.1% | +136.82% | 加碼 |
| 49 | EGAN | Egain CORP | +0.1% | +562.32% | 加碼 |
| 50 | GH | Guardant Health Inc | +0.1% | -21.50% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Hillsdale Investment Management Inc. 在 Q4 2025 季度的美股持倉總市值約為 US$43.9億，共申報了 653 個公開持股部位。
在 Q4 2025 季度，Hillsdale Investment Management Inc. 按市值排列的前三大核心持股分別為：RY (4.5%)、CM (3.1%)、TD (3.0%)。其中最大持股部位 RY 佔據整體投資組合約 4.5% 的權重。
在 Q4 2025 季度中，Hillsdale Investment Management Inc. 共進行了 200 項持倉異動，包含新建倉 45 個部位、加碼 57 個部位、減碼 62 個部位以及清倉 36 個部位。 其中最大新建倉標的為 PDS。 本季清倉部位包含 GAU。
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。
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。
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。