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: 0001621802
申報總市值
US$17.1億
US$17.1億
140 檔
22.7%
Q3 2025 季度申報顯示，Infrastructure Capital Advisors, LLC 揭露的美股組合總市值為 US$17.1億，涵蓋 140 個不同之權益投資部位。
在 Q3 2025，Infrastructure Capital Advisors, LLC 操作展現出積極擴展與加碼意向。本季共新建倉 47 個新部位，並對 50 個既有持股進行加碼（合計增持 97 檔），相較減碼與清倉部位顯著佔優。
整體而言，Infrastructure Capital Advisors, LLC 的前 5 大持股（包含 SPY, MPLX, PAA）貢獻了組合市值的 22.7%，形成該機構在 Q3 2025 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 | 17.58% | -1.32% | -63.42% | |
| 2 | MPLX | Mplx LP | 股票-能源 | 5.76% | -1.16% | -5.54% | |
| 3 | PAA | Plains All Amer Pipeline LP | 股票-能源 | 5.33% | -0.91% | +0.24% | |
| 4 | ET | Energy Transfer LP | 股票-能源 | 5.20% | -1.04% | -14.82% | |
| 5 | HESM | Hess Midstream LP - Class A | 股票-其他 | 4.75% | -0.48% | +23.34% | |
| 6 | EPD | Enterprise Products Partners | 股票-能源 | 4.22% | -0.87% | -22.03% | |
| 7 | RLJ 1.95 PERP A債券 | Rlj Lodging Trust | 債券 | 4.20% | -0.30% | +6.35% | |
| 8 | KKR 6.25 03-01-28 D債券 | Kkr & Co Inc | 債券 | 3.98% | +0.12% | +27.97% | |
| 9 | WES | Western Midstream Partners L | 股票-能源 | 3.90% | -0.42% | -31.96% | |
| 10 | APO 6.75 07-31-26債券 | Apollo Global Management | 債券 | 3.86% | -1.42% | +52.38% | |
| 11 | FLG 6 11-01-51債券 | Flagstar Bank NA | 債券 | 3.81% | -2.29% | +10.14% | |
| 12 | SUN | Sunoco LP | 股票-其他 | 3.37% | -0.47% | -34.01% | |
| 13 | LNG | Cheniere Energy Inc | 股票-能源 | 2.62% | -0.46% | +35.59% | |
| 14 | BA 6 10-15-27債券 | Boeing Co/the | 債券 | 2.03% | +2.36% | +74.14% | |
| 15 | TRGP | Targa Resources CORP | 股票-能源 | 1.67% | -1.04% | +47.82% | |
| 16 | KMI | Kinder Morgan, Inc. | 股票-能源 | 1.65% | -0.49% | +61.55% | |
| 17 | WMB | Williams Cos Inc | 股票-能源 | 1.54% | -0.64% | +13.14% | |
| 18 | PEB 6.3 PERP F債券 | Pebblebrook Hotel Trust | 債券 | 1.49% | -0.16% | +16.78% | |
| 19 | DIA | Ss Spdr Dow Jones Indus Avg | ETF-大型股與成長 | 1.39% | — | — | |
| 20 | GTLS 6.75 12-15-25 B債券 | Chart Industries Inc | 債券 | 1.22% | — | +15.95% | |
| 21 | CQP | Cheniere Energy Partners LP | 股票-其他 | 1.18% | -0.20% | +3.43% | |
| 22 | ARES 6.75 10-01-27 B債券 | Ares Management CORP | 債券 | 1.02% | +0.13% | -40.94% | |
| 23 | GEL | Genesis Energy L.p. | 股票-其他 | 0.92% | -0.25% | -8.63% | |
| 24 | OKE | Oneok Inc | 股票-能源 | 0.79% | -0.20% | +67.76% | |
| 25 | BHR 5.5 PERP b債券 | Braemar Hotels & Resorts | 債券 | 0.76% | -0.07% | +9.76% | |
| 26 | DKL | Delek Logistics Partners LP | 股票-其他 | 0.72% | -0.12% | -19.30% | |
| 27 | EPR 9 PERP E債券 | Epr Properties | 債券 | 0.68% | — | -39.78% | |
| 28 | USAC | USA Compression Partners LP | 股票-其他 | 0.68% | -0.06% | +3.43% | |
| 29 | PFFA | Virtus Infracap US Pref Stck | ETF-其他 | 0.62% | -0.06% | — | |
| 30 | RPT V9.875 PERP債券 | Rithm Property Trust | 債券 | 0.55% | -0.03% | +2.19% | |
| 31 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 0.54% | — | +200.00% | |
| 32 | MRVL | Marvell Technology Inc | 股票-科技 | 0.47% | -0.52% | +1190.05% | |
| 33 | AMZN | Amazon.com Inc | 股票-循環性消費 | 0.46% | -0.12% | +31.75% | |
| 34 | GLP | Global Partners LP | 股票-其他 | 0.45% | -0.01% | -31.52% | |
| 35 | GNL | Global Net Lease Inc | 股票-房地產 | 0.43% | -0.04% | EXIT | |
| 36 | HPE 7.625 09-01-27債券 | Hp Enterprise Co | 債券 | 0.41% | +1.69% | +22.07% | |
| 37 | VLO | Valero Energy CORP | 股票-能源 | 0.36% | -0.02% | +181.15% | |
| 38 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.34% | +0.04% | NEW | |
| 39 | PM | Philip Morris International | 股票-非循環性消費 | 0.34% | -0.02% | +256.49% | |
| 40 | KKR | Kkr & Co Inc | 股票-金融 | 0.29% | -0.19% | +15.92% | |
| 41 | APO | Apollo Global Management Inc | 股票-金融 | 0.28% | -0.04% | +186.22% | |
| 42 | PEB 6.375 PERP E債券 | Pebblebrook Hotel Trust | 債券 | 0.25% | -0.11% | +62.87% | |
| 43 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.25% | -0.08% | -36.89% | |
| 44 | TRP | Tc Energy CORP | 股票-能源 | 0.25% | -0.14% | — | |
| 45 | AVGO | Broadcom Inc | 股票-科技 | 0.25% | +0.45% | -47.77% | |
| 46 | LXP 6.5 PERP C債券 | Lxp Industrial Trust | 債券 | 0.23% | -0.02% | +15.87% | |
| 47 | KRC | Kilroy Realty CORP | 股票-房地產 | 0.22% | -0.06% | -32.32% | |
| 48 | CVX | Chevron CORP | 股票-能源 | 0.21% | +0.12% | -26.85% | |
| 49 | C | Citigroup Inc | 股票-金融 | 0.20% | — | -43.99% | |
| 50 | NEE | Nextera Energy Inc | 股票-公用事業 | 0.19% | -0.07% | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | PAA | Plains All Amer Pipeline LP | +5.3% | +0.24% | 加碼 |
| 2 | MPLX | Mplx LP | +4.7% | -5.54% | 加碼 |
| 3 | EPD | Enterprise Products Partners | +3.6% | -22.03% | 加碼 |
| 4 | KKR 6.25 03-01-28 D債券 | Kkr & Co Inc | +3.3% | +27.97% | 加碼 |
| 5 | SUN | Sunoco LP | +2.8% | -34.01% | 加碼 |
| 6 | APO 6.75 07-31-26債券 | Apollo Global Management | +2.2% | +52.38% | 加碼 |
| 7 | FLG 6 11-01-51債券 | Flagstar Bank NA | +1.7% | +10.14% | 加碼 |
| 8 | RLJ 1.95 PERP A債券 | Rlj Lodging Trust | +1.5% | +6.35% | 加碼 |
| 9 | LNG | Cheniere Energy Inc | +1.5% | +35.59% | 加碼 |
| 10 | TRGP | Targa Resources CORP | +1.2% | +47.82% | 加碼 |
| 11 | KMI | Kinder Morgan, Inc. | +1% | +61.55% | 加碼 |
| 12 | PEB 6.3 PERP F債券 | Pebblebrook Hotel Trust | +0.7% | +16.78% | 加碼 |
| 13 | ARES 6.75 10-01-27 B債券 | Ares Management CORP | +0.5% | -40.94% | 加碼 |
| 14 | ET | Energy Transfer LP | +0.4% | -14.82% | 減碼 |
| 15 | HPE 7.625 09-01-27債券 | Hp Enterprise Co | +0.4% | +22.07% | 加碼 |
| 16 | BHR 5.5 PERP b債券 | Braemar Hotels & Resorts | +0.4% | +9.76% | 加碼 |
| 17 | GEL | Genesis Energy L.p. | +0.4% | -8.63% | 加碼 |
| 18 | MCD | Mcdonald's CORP | +0.3% | +152.52% | 加碼 |
| 19 | AMZN | Amazon.com Inc | +0.3% | +31.75% | 加碼 |
| 20 | RPT V9.875 PERP債券 | Rithm Property Trust | +0.2% | +2.19% | 加碼 |
| 21 | DIA | Ss Spdr Dow Jones Indus Avg | +0.2% | — | 減碼 |
| 22 | PEB 6.375 PERP E債券 | Pebblebrook Hotel Trust | +0.2% | +62.87% | 加碼 |
| 23 | PM | Philip Morris International | +0.2% | +256.49% | 加碼 |
| 24 | NWN | Northwest Natural Holding Co | +0.1% | +240.03% | 加碼 |
| 25 | KO | Coca-cola Co/the | +0.1% | +69.12% | 加碼 |
| 26 | PSX | Phillips 66 | +0.1% | -68.38% | 減碼 |
| 27 | AVGO | Broadcom Inc | +0.1% | -47.77% | 減碼 |
| 28 | LXP 6.5 PERP C債券 | Lxp Industrial Trust | +0.1% | +15.87% | 加碼 |
| 29 | DKL | Delek Logistics Partners LP | +0.1% | -19.30% | 減碼 |
| 30 | PFFA | Virtus Infracap US Pref Stck | +0.1% | — | 減碼 |
| 31 | VOD | Vodafone Group Plc-sp Adr | +0.1% | +8.33% | 加碼 |
| 32 | CVX | Chevron CORP | +0.1% | -26.85% | 加碼 |
| 33 | GS | Goldman Sachs Group Inc | +0.1% | -36.89% | 減碼 |
| 34 | VZ | Verizon Communications Inc | +0.1% | — | 加碼 |
| 35 | USB | US Bancorp | +0.1% | +8.30% | 加碼 |
| 36 | SCAP | Infrastructure Capital Small | +0.1% | +5.89% | 加碼 |
| 37 | KRC | Kilroy Realty CORP | +0.1% | -32.32% | 減碼 |
| 38 | REXR | Rexford Industrial Realty In | +0.1% | +8.32% | 加碼 |
| 39 | IBM | Intl Business Machines CORP | 0% | -30.52% | 加碼 |
| 40 | LYFT | Lyft Inc-a | 0% | — | 加碼 |
| 41 | MKSI | Mks Inc | 0% | -5.71% | 減碼 |
| 42 | CHRD | Chord Energy CORP | 0% | +34.32% | 加碼 |
| 43 | C | Citigroup Inc | 0% | -43.99% | 減碼 |
| 44 | ✓ | Bank Of Nt Butterfield&son L | 0% | +24.44% | 加碼 |
| 45 | NYT | New York Times Co-a | 0% | +7.65% | 加碼 |
| 46 | EWBC | East West Bancorp Inc | 0% | +24.43% | 加碼 |
| 47 | MTB | M & T Bank CORP | 0% | +8.19% | 加碼 |
| 48 | ICAP | Infrastructure Capital Equit | 0% | +1.24% | 加碼 |
| 49 | FITB | Fifth Third Bancorp | 0% | +8.29% | 加碼 |
| 50 | O | Realty Income CORP | 0% | +8.30% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Infrastructure Capital Advisors, LLC 在 Q3 2025 季度的美股持倉總市值約為 US$17.1億，共申報了 140 個公開持股部位。
在 Q3 2025 季度，Infrastructure Capital Advisors, LLC 按市值排列的前三大核心持股分別為：SPY (17.6%)、MPLX (5.8%)、PAA (5.3%)。其中最大持股部位 SPY 佔據整體投資組合約 17.6% 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
WES
市值: US$3918.3萬
本季最大獲利了結 / 清倉標的
SOBO
前期市值: US$6457.2萬
在 Q3 2025 季度中，Infrastructure Capital Advisors, LLC 共進行了 171 項持倉異動，包含新建倉 47 個部位、加碼 50 個部位、減碼 43 個部位以及清倉 31 個部位。 其中最大新建倉標的為 WES。 本季清倉部位包含 SOBO。
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。