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: 0001650135
申報總市值
US$30.1億
US$30.1億
116 檔
17.7%
根據最新整理的 13F 季度數據集，Hosking Partners LLP 於 Q3 2025 結束時的管理資產規模為 US$30.1億。該機構在本季度申報了 116 檔美股持倉，呈現出該時期的主要投資地圖。
在 Q3 2025，Hosking Partners LLP 展現出較為審慎的避險與獲利了結姿態。本季共減碼 30 個部位並完全清倉 2 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 GOOG, C, MU）占據了總市值的 17.7%，展現出該機構在 Q3 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 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 4.55% | +0.12% | -1.14% | |
| 2 | C | Citigroup Inc | 股票-金融 | 4.41% | +0.19% | -1.78% | |
| 3 | MU | Micron Technology Inc | 股票-科技 | 3.77% | +4.34% | -10.96% | |
| 4 | AMZN | Amazon.com Inc | 股票-循環性消費 | 3.37% | -0.89% | -0.13% | |
| 5 | CBRE | Cbre Group Inc - A | 股票-房地產 | 3.21% | -0.18% | +1.71% | |
| 6 | AIG | American International Group | 股票-金融 | 3.19% | -0.32% | -1.28% | |
| 7 | IBKR | Interactive Brokers Gro-cl A | 股票-金融 | 2.97% | +0.20% | +1.88% | |
| 8 | AXP | American Express Co | 股票-金融 | 2.91% | +0.01% | -1.79% | |
| 9 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 2.66% | -0.13% | +0.06% | |
| 10 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 2.58% | +0.23% | -0.62% | |
| 11 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 2.39% | -0.33% | -1.63% | |
| 12 | BAC | Bank Of America CORP | 股票-金融 | 2.23% | +0.09% | -1.79% | |
| 13 | FCX | Freeport-mcmoran Inc | 股票-原物料 | 2.17% | -0.19% | +8.73% | |
| 14 | COF | Capital One Financial CORP | 股票-金融 | 2.03% | -0.01% | -2.73% | |
| 15 | SYF | Synchrony Financial | 股票-金融 | 1.97% | +0.02% | -1.18% | |
| 16 | WFC | Wells Fargo & Co | 股票-金融 | 1.81% | -0.09% | -10.44% | |
| 17 | ✓ | Ferroglobe PLC | 股票-其他 | 1.79% | -0.63% | +0.89% | |
| 18 | ELV | Elevance Health Inc | 股票-醫療保健 | 1.66% | +0.33% | +84.73% | |
| 19 | CX | Cemex Sab-spons Adr Part Cer | 股票-其他 | 1.58% | — | -2.33% | |
| 20 | DHT | DHT Holdings, Inc. | 股票-其他 | 1.56% | -0.59% | -0.44% | |
| 21 | HCC | Warrior Met Coal Inc | 股票-原物料 | 1.49% | -0.48% | +2.07% | |
| 22 | AVGO | Broadcom Inc | 股票-科技 | 1.39% | +0.13% | -0.07% | |
| 23 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.37% | +0.02% | +0.25% | |
| 24 | GLW | Corning Inc | 股票-科技 | 1.32% | +0.72% | -1.28% | |
| 25 | MPC | Marathon Petroleum CORP | 股票-能源 | 1.18% | -0.08% | +0.05% | |
| 26 | JEF | Jefferies Financial Group In | 股票-金融 | 1.16% | +0.08% | -0.71% | |
| 27 | INSW | International Seaways, Inc. | 股票-其他 | 1.15% | -0.24% | +0.04% | |
| 28 | TDW | Tidewater Inc | 股票-能源 | 1.13% | -0.63% | +0.70% | |
| 29 | MS | Morgan Stanley | 股票-金融 | 1.10% | +0.18% | +0.05% | |
| 30 | RYAAY | Ryanair Holdings Plc-sp Adr | 股票-工業 | 1.07% | — | -2.46% | |
| 31 | NE | Noble Corporation plc | 股票-能源 | 1.06% | -0.61% | +0.55% | |
| 32 | DAL | Delta Air Lines Inc | 股票-工業 | 1.06% | +0.33% | -1.53% | |
| 33 | LYB | LyondellBasell Industries N.V. | 股票-原物料 | 1.06% | -1.05% | +33.27% | |
| 34 | COP | Conocophillips | 股票-能源 | 0.97% | -0.36% | -1.36% | |
| 35 | CPNG | Coupang Inc | 股票-循環性消費 | 0.97% | +0.24% | -4.56% | |
| 36 | SCHW | Schwab (charles) CORP | 股票-金融 | 0.95% | -0.12% | -1.79% | |
| 37 | OXY | Occidental Petroleum CORP | 股票-能源 | 0.94% | -0.74% | -0.79% | |
| 38 | STX | Seagate Technology Holdings plc | 股票-科技 | 0.93% | +0.73% | -1.78% | |
| 39 | MGM | Mgm Resorts International | 股票-循環性消費 | 0.92% | +0.16% | -1.79% | |
| 40 | STLD | Steel Dynamics Inc | 股票-原物料 | 0.83% | +0.08% | +0.04% | |
| 41 | LRCX | Lam Research CORP | 股票-科技 | 0.78% | +0.40% | -0.09% | |
| 42 | BAP | Credicorp Ltd. | 股票-金融 | 0.77% | +0.03% | -2.79% | |
| 43 | LPX | Louisiana-pacific CORP | 股票-工業 | 0.73% | +0.58% | -1.91% | |
| 44 | SDRL | Seadrill Limited | 股票-其他 | 0.68% | -0.39% | +0.19% | |
| 45 | TRUP | Trupanion Inc | 股票-其他 | 0.67% | -0.03% | +4.93% | |
| 46 | TIGO | Millicom International Cellular S.A. | 股票-通訊服務 | 0.66% | +0.09% | -27.26% | |
| 47 | AA | Alcoa CORP | 股票-原物料 | 0.64% | -0.43% | -1.79% | |
| 48 | KR | Kroger Co | 股票-非循環性消費 | 0.59% | -0.20% | -1.79% | |
| 49 | GLNG | Golar LNG Limited | 股票-能源 | 0.59% | -0.13% | -2.80% | |
| 50 | UNP | Union Pacific CORP | 股票-工業 | 0.59% | +0.01% | -1.78% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | MU | Micron Technology Inc | +1.2% | -10.96% | 減碼 |
| 2 | GOOG | Alphabet Inc-cl C | +1.1% | -1.14% | 減碼 |
| 3 | IBKR | Interactive Brokers Gro-cl A | +1% | +1.88% | 加碼 |
| 4 | C | Citigroup Inc | +0.8% | -1.78% | 減碼 |
| 5 | AVGO | Broadcom Inc | +0.6% | -0.07% | 減碼 |
| 6 | STX | Seagate Technology Holdings plc | +0.5% | -1.78% | 減碼 |
| 7 | ✓ | Himalaya Shipping LTD | +0.5% | +27.55% | 加碼 |
| 8 | HCC | Warrior Met Coal Inc | +0.4% | +2.07% | 加碼 |
| 9 | GLW | Corning Inc | +0.4% | -1.28% | 減碼 |
| 10 | TDW | Tidewater Inc | +0.4% | +0.70% | 加碼 |
| 11 | DAL | Delta Air Lines Inc | +0.4% | -1.53% | 加碼 |
| 12 | NU | Nu Holdings Ltd. | +0.4% | +206.46% | 加碼 |
| 13 | CX | Cemex Sab-spons Adr Part Cer | +0.4% | -2.33% | 減碼 |
| 14 | KWR | Quaker Chemical Corporation | +0.3% | +97.54% | 加碼 |
| 15 | LRCX | Lam Research CORP | +0.3% | -0.09% | 減碼 |
| 16 | ELV | Elevance Health Inc | +0.2% | +84.73% | 加碼 |
| 17 | SYF | Synchrony Financial | +0.2% | -1.18% | 減碼 |
| 18 | VICI | Vici Properties Inc | +0.2% | -0.03% | 加碼 |
| 19 | MS | Morgan Stanley | +0.2% | +0.05% | 減碼 |
| 20 | AMR | Alpha Metallurgical Resource | +0.1% | +3.90% | 加碼 |
| 21 | ✓ | Ferroglobe PLC | +0.1% | +0.89% | 加碼 |
| 22 | CPNG | Coupang Inc | +0.1% | -4.56% | 減碼 |
| 23 | ARLO | Arlo Technologies Inc | +0.1% | -0.12% | 減碼 |
| 24 | BAP | Credicorp Ltd. | +0.1% | -2.79% | 減碼 |
| 25 | CBRE | Cbre Group Inc - A | +0.1% | +1.71% | 減碼 |
| 26 | INSW | International Seaways, Inc. | +0.1% | +0.04% | 減碼 |
| 27 | NE | Noble Corporation plc | +0.1% | +0.55% | 加碼 |
| 28 | SDRL | Seadrill Limited | +0.1% | +0.19% | 加碼 |
| 29 | AXP | American Express Co | +0.1% | -1.79% | 減碼 |
| 30 | BKNG | Booking Holdings Inc | 0% | -0.62% | 減碼 |
| 31 | DHT | DHT Holdings, Inc. | -0.1% | -0.44% | 減碼 |
| 32 | AMZN | Amazon.com Inc | -0.1% | -0.13% | 減碼 |
| 33 | COF | Capital One Financial CORP | -0.1% | -2.73% | 減碼 |
| 34 | TPL | Texas Pacific Land CORP | -0.2% | -0.33% | 加碼 |
| 35 | CNR | Core Natural Resources Inc | -0.3% | -2.56% | 減碼 |
| 36 | LPX | Louisiana-pacific CORP | -0.3% | -1.91% | 減碼 |
| 37 | COP | Conocophillips | -0.3% | -1.36% | 減碼 |
| 38 | PNC | Pnc Financial Services Group | -0.4% | -56.89% | 減碼 |
| 39 | SCHW | Schwab (charles) CORP | -0.4% | -1.79% | 減碼 |
| 40 | WFC | Wells Fargo & Co | -0.5% | -10.44% | 減碼 |
| 41 | BRK-B | Berkshire Hathaway Inc-cl B | -0.6% | +0.06% | 加碼 |
| 42 | BAC | Bank Of America CORP | -0.7% | -1.79% | 減碼 |
| 43 | COST | Costco Wholesale CORP | -0.8% | -1.63% | 減碼 |
| 44 | AIG | American International Group | -1.1% | -1.28% | 減碼 |
| 45 | TSM | Taiwan Semiconductor-sp Adr | -1.5% | +51.69% | 減碼 |
| 46 | ✓ | Golden Ocean Group LTD | — | EXIT | 清倉 |
| 47 | RPRX | Royalty Pharma plc | — | NEW | 新建倉 |
| 48 | FNKO | Funko Inc-class A | — | NEW | 新建倉 |
| 49 | CNC | Centene CORP | — | EXIT | 清倉 |
| 50 | VIST | Vista Energy Sab De Cv | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Hosking Partners LLP 在 Q3 2025 季度的美股持倉總市值約為 US$30.1億，共申報了 116 個公開持股部位。
在 Q3 2025 季度，Hosking Partners LLP 按市值排列的前三大核心持股分別為：GOOG (4.5%)、C (4.4%)、MU (3.8%)。其中最大持股部位 GOOG 佔據整體投資組合約 4.5% 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
RPRX
市值: US$601.9萬
本季最大獲利了結 / 清倉標的
GOLDEN OCEAN GROUP LTD
前期市值: US$903.8萬
在 Q3 2025 季度中，Hosking Partners LLP 共進行了 50 項持倉異動，包含新建倉 3 個部位、加碼 15 個部位、減碼 30 個部位以及清倉 2 個部位。 其中最大新建倉標的為 RPRX。 本季清倉部位包含 GOLDEN OCEAN GROUP LTD。
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。