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: 0001783139
申報總市值
US$3.9億
US$3.9億
56 檔
58.4%
Q1 2026 季度申報顯示，III Capital Management 揭露的美股組合總市值為 US$3.9億，涵蓋 56 個不同之權益投資部位。
III Capital Management 在 Q1 2026 進行了結構性的板塊輪動與部位換股。在開立 24 個全新部位及加碼 9 檔持股的同時，亦同步清倉 17 檔並減碼 23 檔標的。
整體而言，III Capital Management 的前 5 大持股（包含 SPY, TSLA, GDX）貢獻了組合市值的 58.4%，形成該機構在 Q1 2026 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 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 42.28% | +21.02% | -48.99% | |
| 2 | TSLA | Tesla Inc | 股票-循環性消費 | 8.64% | -8.64% | EXIT | |
| 3 | GDX | Vaneck Gold Miners ETF | ETF-避險與商品 | 7.21% | -7.21% | EXIT | |
| 4 | EWJ | Ishares Msci Japan ETF | ETF-其他 | 5.80% | -5.80% | EXIT | |
| 5 | EMB | Ishares Jp Morgan Usd Emergi | ETF-其他 | 2.86% | -2.86% | EXIT | |
| 6 | COPX | Global X Copper Miners ETF | ETF-其他 | 1.81% | -1.81% | EXIT | |
| 7 | VISN | Vistance Networks Inc | 股票-科技 | 1.79% | -0.91% | +21.01% | |
| 8 | KWEB | Kranesh Csi China Internet | ETF-新興市場 | 1.75% | -1.75% | EXIT | |
| 9 | EEM | Ishares Msci Emerging Market | ETF-新興市場 | 1.57% | -1.57% | EXIT | |
| 10 | CRH | CRH plc | 股票-原物料 | 1.11% | +0.04% | — | |
| 11 | H | Hyatt Hotels CORP - Cl A | 股票-循環性消費 | 1.10% | -0.09% | -22.11% | |
| 12 | XLP | Ss Consumer Staples Sel Sect | ETF-其他 | 1.09% | -1.09% | EXIT | |
| 13 | URBN | Urban Outfitters Inc | 股票-循環性消費 | 1.01% | -0.32% | -3.03% | |
| 14 | TMUS | T-mobile US Inc | 股票-通訊服務 | 0.92% | +0.04% | -24.56% | |
| 15 | RTO | Rentokil Initial Plc-sp Adr | 股票-其他 | 0.89% | -0.16% | -47.52% | |
| 16 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 0.88% | -0.36% | -9.75% | |
| 17 | PRGS 3.5 03-01-30債券 | Progress Software CORP | 債券 | 0.83% | -0.05% | — | |
| 18 | WYNN | Wynn Resorts LTD | 股票-循環性消費 | 0.83% | +0.73% | — | |
| 19 | SLV | Ishares Silver Trust | ETF-避險與商品 | 0.79% | -0.79% | EXIT | |
| 20 | CHTR | Charter Communications Inc-a | 股票-通訊服務 | 0.76% | -0.52% | +33.83% | |
| 21 | MHK | Mohawk Industries Inc | 股票-循環性消費 | 0.74% | -0.10% | -38.00% | |
| 22 | NEE 7.375 02-15-29債券 | Nextera Energy Inc | 債券 | 0.73% | -0.12% | — | |
| 23 | BURL | Burlington Stores Inc | 股票-循環性消費 | 0.71% | +0.17% | — | |
| 24 | RRR | Red Rock Resorts Inc-class A | 股票-其他 | 0.67% | -0.67% | EXIT | |
| 25 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.66% | -0.09% | +14.09% | |
| 26 | UBER | Uber Technologies Inc | 股票-工業 | 0.65% | +0.08% | -36.82% | |
| 27 | RL | Ralph Lauren CORP | 股票-循環性消費 | 0.64% | -0.53% | -30.03% | |
| 28 | FLUT | Flutter Entertainment plc | 股票-循環性消費 | 0.64% | -0.64% | EXIT | |
| 29 | WDC | Western Digital CORP | 股票-科技 | 0.63% | +0.18% | -56.88% | |
| 30 | MAT | Mattel Inc | 股票-循環性消費 | 0.61% | -0.14% | -31.18% | |
| 31 | HRI | Herc Holdings Inc | 股票-其他 | 0.59% | +0.31% | — | |
| 32 | ETSY | Etsy Inc | 股票-循環性消費 | 0.58% | -0.58% | EXIT | |
| 33 | PPLI | People Inc | 股票-通訊服務 | 0.57% | +0.17% | — | |
| 34 | BX | Blackstone Inc | 股票-金融 | 0.56% | -0.56% | EXIT | |
| 35 | CCL1EUR | Carnival CORP LTD | 股票-循環性消費 | 0.55% | -0.55% | EXIT | |
| 36 | KMB | Kimberly-clark CORP | 股票-非循環性消費 | 0.54% | -0.54% | EXIT | |
| 37 | PBI | Pitney Bowes Inc | 股票-其他 | 0.50% | -0.50% | EXIT | |
| 38 | DLTR | Dollar Tree Inc | 股票-非循環性消費 | 0.48% | -0.48% | EXIT | |
| 39 | BYD | Boyd Gaming CORP | 股票-循環性消費 | 0.46% | +0.10% | -60.32% | |
| 40 | PENN | Penn Entertainment Inc | 股票-循環性消費 | 0.44% | -0.30% | +405.23% | |
| 41 | PRKS | United Parks & Resorts Inc | 股票-其他 | 0.43% | -0.43% | EXIT | |
| 42 | CSGP | Costar Group Inc | 股票-房地產 | 0.42% | -0.42% | EXIT | |
| 43 | ACI | Albertsons Cos Inc - Class A | 股票-非循環性消費 | 0.39% | -0.39% | EXIT | |
| 44 | CZR | Caesars Entertainment Inc | 股票-循環性消費 | 0.38% | -0.38% | EXIT | |
| 45 | ECHO | Echostar Corp-a | 股票-通訊服務 | 0.36% | +0.46% | -57.27% | |
| 46 | VSNT | Versant Media Group Inc | 股票-通訊服務 | 0.32% | -0.05% | — | |
| 47 | LTH | Life Time Group Holdings Inc | 股票-其他 | 0.28% | -0.28% | EXIT | |
| 48 | WH | Wyndham Hotels & Resorts Inc | 股票-循環性消費 | 0.28% | -0.02% | -64.02% | |
| 49 | DRVN | Driven Brands Holdings Inc | 股票-其他 | 0.27% | +0.12% | -77.39% | |
| 50 | XLV | Ss Health Care Select Sector | ETF-其他 | 0.26% | -0.26% | EXIT |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | GDX | Vaneck Gold Miners ETF | +6.5% | +364.92% | 加碼 |
| 2 | VISN | Vistance Networks Inc | +1% | +21.01% | 加碼 |
| 3 | XLP | Ss Consumer Staples Sel Sect | +1% | +655.78% | 加碼 |
| 4 | SLV | Ishares Silver Trust | +0.7% | +510.52% | 加碼 |
| 5 | CHTR | Charter Communications Inc-a | +0.5% | +33.83% | 加碼 |
| 6 | ETSY | Etsy Inc | +0.4% | +100.00% | 加碼 |
| 7 | PENN | Penn Entertainment Inc | +0.4% | +405.23% | 加碼 |
| 8 | URBN | Urban Outfitters Inc | +0.4% | -3.03% | 減碼 |
| 9 | TMUS | T-mobile US Inc | +0.3% | -24.56% | 減碼 |
| 10 | FLUT | Flutter Entertainment plc | +0.3% | +115.97% | 加碼 |
| 11 | META | Meta Platforms Inc-class A | +0.3% | +14.09% | 加碼 |
| 12 | H | Hyatt Hotels CORP - Cl A | +0.3% | -22.11% | 減碼 |
| 13 | BKNG | Booking Holdings Inc | +0.3% | -9.75% | 減碼 |
| 14 | RL | Ralph Lauren CORP | +0.2% | -30.03% | 減碼 |
| 15 | WDC | Western Digital CORP | +0.2% | -56.88% | 減碼 |
| 16 | KMB | Kimberly-clark CORP | +0.2% | -25.71% | 減碼 |
| 17 | RTO | Rentokil Initial Plc-sp Adr | +0.1% | -47.52% | 減碼 |
| 18 | MHK | Mohawk Industries Inc | +0.1% | -38.00% | 減碼 |
| 19 | UBER | Uber Technologies Inc | +0.1% | -36.82% | 減碼 |
| 20 | PBI | Pitney Bowes Inc | +0.1% | -44.84% | 減碼 |
| 21 | GLD | Spdr Gold Shares | 0% | -48.40% | 減碼 |
| 22 | MAT | Mattel Inc | — | -31.18% | 減碼 |
| 23 | ECHO | Echostar Corp-a | 0% | -57.27% | 減碼 |
| 24 | WH | Wyndham Hotels & Resorts Inc | -0.1% | -64.02% | 減碼 |
| 25 | CAR | Avis Budget Group Inc | -0.1% | -81.27% | 減碼 |
| 26 | BYD | Boyd Gaming CORP | -0.2% | -60.32% | 減碼 |
| 27 | ACI | Albertsons Cos Inc - Class A | -0.2% | -63.28% | 減碼 |
| 28 | NCLH | Norwegian Cruise Line Holdings Ltd. | -0.2% | -70.05% | 減碼 |
| 29 | DRVN | Driven Brands Holdings Inc | -0.5% | -77.39% | 減碼 |
| 30 | XLU | St Sr Utl Sl Se Spdr Etf-usd | -1.4% | -99.83% | 減碼 |
| 31 | SPY | Ss Spdr S&p 500 ETF Trust-us | -1.8% | -48.99% | 減碼 |
| 32 | KWEB | Kranesh Csi China Internet | -4.9% | -83.97% | 減碼 |
| 33 | XLE | Ss Energy Select Sector | — | EXIT | 清倉 |
| 34 | XLF | Ss Financial Select Sector | — | EXIT | 清倉 |
| 35 | TSLA | Tesla Inc | — | NEW | 新建倉 |
| 36 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | — | EXIT | 清倉 |
| 37 | EWJ | Ishares Msci Japan ETF | — | NEW | 新建倉 |
| 38 | SO 4.5 06-15-27債券 | Southern Co | — | EXIT | 清倉 |
| 39 | EMB | Ishares Jp Morgan Usd Emergi | — | NEW | 新建倉 |
| 40 | COPX | Global X Copper Miners ETF | — | NEW | 新建倉 |
| 41 | WEC 4.375 06-01-29債券 | Wec Energy Group Inc | — | EXIT | 清倉 |
| 42 | EEM | Ishares Msci Emerging Market | — | NEW | 新建倉 |
| 43 | AVGO | Broadcom Inc | — | EXIT | 清倉 |
| 44 | BWA | Borgwarner Inc | — | EXIT | 清倉 |
| 45 | CRH | CRH plc | — | NEW | 新建倉 |
| 46 | XME | Ss Spdr S&p Metals Mining | — | EXIT | 清倉 |
| 47 | PRGS 3.5 03-01-30債券 | Progress Software CORP | — | NEW | 新建倉 |
| 48 | WYNN | Wynn Resorts LTD | — | NEW | 新建倉 |
| 49 | NEE 7.375 02-15-29債券 | Nextera Energy Inc | — | NEW | 新建倉 |
| 50 | BURL | Burlington Stores Inc | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，III Capital Management 在 Q1 2026 季度的美股持倉總市值約為 US$3.9億，共申報了 56 個公開持股部位。
在 Q1 2026 季度，III Capital Management 按市值排列的前三大核心持股分別為：SPY (42.3%)、TSLA (8.6%)、GDX (7.2%)。其中最大持股部位 SPY 佔據整體投資組合約 42.3% 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
TSLA
市值: US$2974.0萬
本季最大獲利了結 / 清倉標的
XLE
前期市值: US$1.1億
在 Q1 2026 季度中，III Capital Management 共進行了 73 項持倉異動，包含新建倉 24 個部位、加碼 9 個部位、減碼 23 個部位以及清倉 17 個部位。 其中最大新建倉標的為 TSLA。 本季清倉部位包含 XLE。
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。