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
145 檔
19.2%
在 Q4 2025 的 13F 官方備案中，Infrastructure Capital Advisors, LLC 管理的美股投資組合規模來到 US$17.1億，整體持股檔數為 145 檔。
Q4 2025 數據顯示 Infrastructure Capital Advisors, LLC 積極進場，新開立 22 個部位並同步加碼 63 檔個股，反映機構在該季度的資金注入與籌碼積累。
從部位權重觀察，前 5 大標的（包含 SPY, APO 6.75 07-31-26, KKR 6.25 03-01-28 D）累計市值佔比達 19.2%，是驅動 Infrastructure Capital Advisors, LLC 該季度整體投資組合績效表現的核心支柱。
| # | 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 | 9.89% | -1.32% | -43.40% | |
| 2 | APO 6.75 07-31-26債券 | Apollo Global Management | 債券 | 5.67% | -1.42% | +31.05% | |
| 3 | KKR 6.25 03-01-28 D債券 | Kkr & Co Inc | 債券 | 5.60% | +0.12% | +36.90% | |
| 4 | MPLX | Mplx LP | 股票-能源 | 5.36% | -1.16% | -8.81% | |
| 5 | PAA | Plains All Amer Pipeline LP | 股票-能源 | 5.14% | -0.91% | -9.04% | |
| 6 | ET | Energy Transfer LP | 股票-能源 | 4.83% | -1.04% | -2.42% | |
| 7 | HESM | Hess Midstream LP - Class A | 股票-其他 | 4.61% | -0.48% | -1.67% | |
| 8 | WES | Western Midstream Partners L | 股票-能源 | 4.42% | -0.42% | +10.71% | |
| 9 | RLJ 1.95 PERP A債券 | Rlj Lodging Trust | 債券 | 4.27% | -0.30% | +5.15% | |
| 10 | EPD | Enterprise Products Partners | 股票-能源 | 4.16% | -0.87% | -2.56% | |
| 11 | FLG 6 11-01-51債券 | Flagstar Bank NA | 債券 | 4.07% | -2.29% | +7.29% | |
| 12 | SUN | Sunoco LP | 股票-其他 | 3.68% | -0.47% | +11.87% | |
| 13 | BA 6 10-15-27債券 | Boeing Co/the | 債券 | 2.76% | +2.36% | +31.05% | |
| 14 | LNG | Cheniere Energy Inc | 股票-能源 | 2.24% | -0.46% | -4.03% | |
| 15 | ARES 6.75 10-01-27 B債券 | Ares Management CORP | 債券 | 1.70% | +0.13% | +61.81% | |
| 16 | KMI | Kinder Morgan, Inc. | 股票-能源 | 1.63% | -0.49% | -3.50% | |
| 17 | TRGP | Targa Resources CORP | 股票-能源 | 1.60% | -1.04% | -17.82% | |
| 18 | WMB | Williams Cos Inc | 股票-能源 | 1.57% | -0.64% | +0.63% | |
| 19 | PEB 6.3 PERP F債券 | Pebblebrook Hotel Trust | 債券 | 1.56% | -0.16% | +8.49% | |
| 20 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 1.49% | — | +177.78% | |
| 21 | GTLS | Chart Industries Inc | 股票-工業 | 1.33% | -0.06% | — | |
| 22 | MSTR 8 PERP債券 | Strategy Inc | 債券 | 1.06% | -0.09% | — | |
| 23 | OKE | Oneok Inc | 股票-能源 | 1.02% | -0.20% | +21.54% | |
| 24 | GEL | Genesis Energy L.p. | 股票-其他 | 0.93% | -0.25% | +8.81% | |
| 25 | KNTK | Kinetik Holdings Inc | 股票-其他 | 0.90% | -0.01% | — | |
| 26 | CQP | Cheniere Energy Partners LP | 股票-其他 | 0.82% | -0.20% | -30.30% | |
| 27 | BHR 5.5 PERP b債券 | Braemar Hotels & Resorts | 債券 | 0.78% | -0.07% | +9.38% | |
| 28 | USAC | USA Compression Partners LP | 股票-其他 | 0.68% | -0.06% | — | |
| 29 | DKL | Delek Logistics Partners LP | 股票-其他 | 0.66% | -0.12% | -6.02% | |
| 30 | PFFA | Virtus Infracap US Pref Stck | ETF-其他 | 0.60% | -0.06% | +0.26% | |
| 31 | PSX | Phillips 66 | 股票-能源 | 0.54% | -0.05% | +291.04% | |
| 32 | KKR | Kkr & Co Inc | 股票-金融 | 0.47% | -0.19% | +55.87% | |
| 33 | GNL | Global Net Lease Inc | 股票-房地產 | 0.46% | -0.04% | EXIT | |
| 34 | MRVL | Marvell Technology Inc | 股票-科技 | 0.45% | -0.52% | +4.99% | |
| 35 | MPC | Marathon Petroleum CORP | 股票-能源 | 0.44% | -0.24% | — | |
| 36 | GLP | Global Partners LP | 股票-其他 | 0.44% | -0.01% | +8.78% | |
| 37 | HPE 7.625 09-01-27債券 | Hp Enterprise Co | 債券 | 0.43% | +1.69% | +9.26% | |
| 38 | APO | Apollo Global Management Inc | 股票-金融 | 0.40% | -0.04% | +23.23% | |
| 39 | AMZN | Amazon.com Inc | 股票-循環性消費 | 0.38% | -0.12% | -13.95% | |
| 40 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.35% | +0.04% | NEW | |
| 41 | EPR 9 PERP E債券 | Epr Properties | 債券 | 0.35% | — | -46.44% | |
| 42 | TSLA | Tesla Inc | 股票-循環性消費 | 0.35% | -0.06% | EXIT | |
| 43 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.33% | -0.03% | +144.71% | |
| 44 | VLO | Valero Energy CORP | 股票-能源 | 0.33% | -0.02% | — | |
| 45 | PEB 6.375 PERP E債券 | Pebblebrook Hotel Trust | 債券 | 0.33% | -0.11% | +33.89% | |
| 46 | FCX | Freeport-mcmoran Inc | 股票-原物料 | 0.32% | -0.02% | +62.86% | |
| 47 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 0.28% | +1.14% | NEW | |
| 48 | CELH | Celsius Holdings Inc | 股票-非循環性消費 | 0.28% | +0.02% | — | |
| 49 | NEE | Nextera Energy Inc | 股票-公用事業 | 0.27% | -0.07% | +45.81% | |
| 50 | ALB 7.25 03-01-27債券 | Albemarle CORP | 債券 | 0.26% | -0.93% | +252.97% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | APO 6.75 07-31-26債券 | Apollo Global Management | +1.8% | +31.05% | 加碼 |
| 2 | KKR 6.25 03-01-28 D債券 | Kkr & Co Inc | +1.6% | +36.90% | 加碼 |
| 3 | QQQ | Invesco Qqq Trust Series 1 | +1% | +177.78% | 加碼 |
| 4 | BA 6 10-15-27債券 | Boeing Co/the | +0.7% | +31.05% | 加碼 |
| 5 | ARES 6.75 10-01-27 B債券 | Ares Management CORP | +0.7% | +61.81% | 加碼 |
| 6 | WES | Western Midstream Partners L | +0.5% | +10.71% | 加碼 |
| 7 | PSX | Phillips 66 | +0.4% | +291.04% | 加碼 |
| 8 | SUN | Sunoco LP | +0.3% | +11.87% | 加碼 |
| 9 | FLG 6 11-01-51債券 | Flagstar Bank NA | +0.3% | +7.29% | 加碼 |
| 10 | IWM | Ishares Russell 2000 ETF | +0.3% | +1334.95% | 加碼 |
| 11 | OKE | Oneok Inc | +0.2% | +21.54% | 加碼 |
| 12 | ALB 7.25 03-01-27債券 | Albemarle CORP | +0.2% | +252.97% | 加碼 |
| 13 | META | Meta Platforms Inc-class A | +0.2% | +144.71% | 加碼 |
| 14 | KVUE | Kenvue Inc | +0.2% | +435.61% | 加碼 |
| 15 | KKR | Kkr & Co Inc | +0.2% | +55.87% | 加碼 |
| 16 | FCX | Freeport-mcmoran Inc | +0.2% | +62.86% | 加碼 |
| 17 | APO | Apollo Global Management Inc | +0.1% | +23.23% | 加碼 |
| 18 | MRK | Merck & Co. Inc. | +0.1% | +209.85% | 加碼 |
| 19 | JNJ | Johnson & Johnson | +0.1% | +186.85% | 加碼 |
| 20 | CAT | Caterpillar Inc | +0.1% | +142.68% | 加碼 |
| 21 | NEE | Nextera Energy Inc | +0.1% | +45.81% | 加碼 |
| 22 | PEB 6.375 PERP E債券 | Pebblebrook Hotel Trust | +0.1% | +33.89% | 加碼 |
| 23 | RLJ 1.95 PERP A債券 | Rlj Lodging Trust | +0.1% | +5.15% | 加碼 |
| 24 | PEB 6.3 PERP F債券 | Pebblebrook Hotel Trust | +0.1% | +8.49% | 加碼 |
| 25 | BX | Blackstone Inc | +0.1% | +105.07% | 加碼 |
| 26 | WMB | Williams Cos Inc | 0% | +0.63% | 加碼 |
| 27 | GNL | Global Net Lease Inc | 0% | -0.98% | 減碼 |
| 28 | XEL | Xcel Energy Inc | 0% | +40.13% | 加碼 |
| 29 | BXP | Bxp Inc | 0% | +40.47% | 加碼 |
| 30 | BHR 5.5 PERP b債券 | Braemar Hotels & Resorts | 0% | +9.38% | 加碼 |
| 31 | HPE 7.625 09-01-27債券 | Hp Enterprise Co | 0% | +9.26% | 加碼 |
| 32 | C | Citigroup Inc | 0% | -2.48% | 減碼 |
| 33 | USB | US Bancorp | 0% | +5.75% | 加碼 |
| 34 | GEL | Genesis Energy L.p. | 0% | +8.81% | 加碼 |
| 35 | MCD | Mcdonald's CORP | 0% | +3.92% | 加碼 |
| 36 | LXP 6.5 PERP C債券 | Lxp Industrial Trust | 0% | +9.36% | 加碼 |
| 37 | MTB | M & T Bank CORP | 0% | +5.68% | 加碼 |
| 38 | TFC | Truist Financial CORP | 0% | +5.75% | 加碼 |
| 39 | BHR | Braemar Hotels & Resorts Inc | 0% | +14.76% | 加碼 |
| 40 | FITB | Fifth Third Bancorp | 0% | +5.74% | 加碼 |
| 41 | ORCL | Oracle CORP | 0% | +100.10% | 加碼 |
| 42 | EQX | Equinox Gold CORP | 0% | — | 不變 |
| 43 | CTRA | Coterra Energy Inc | 0% | +5.75% | 加碼 |
| 44 | PCG 6 12-01-27 A債券 | Pg&e CORP | 0% | +12.14% | 加碼 |
| 45 | PEP | Pepsico Inc | 0% | +5.77% | 加碼 |
| 46 | EWBC | East West Bancorp Inc | 0% | — | 不變 |
| 47 | VZ | Verizon Communications Inc | 0% | +5.74% | 加碼 |
| 48 | BNDS | Infrastr Cap Bond Income ETF | 0% | +24.55% | 加碼 |
| 49 | AQN | Algonquin Power & Utilities | 0% | +9.43% | 加碼 |
| 50 | USAC | USA Compression Partners LP | — | — | 不變 |
根據 SEC 官方 Form 13F 申報備案，Infrastructure Capital Advisors, LLC 在 Q4 2025 季度的美股持倉總市值約為 US$17.1億，共申報了 145 個公開持股部位。
在 Q4 2025 季度，Infrastructure Capital Advisors, LLC 按市值排列的前三大核心持股分別為：SPY (9.9%)、APO 6.75 07-31-26 (5.7%)、KKR 6.25 03-01-28 D (5.6%)。其中最大持股部位 SPY 佔據整體投資組合約 9.9% 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
GTLS
市值: US$1373.3萬
本季最大獲利了結 / 清倉標的
DIA
前期市值: US$1391.2萬
在 Q4 2025 季度中，Infrastructure Capital Advisors, LLC 共進行了 139 項持倉異動，包含新建倉 22 個部位、加碼 63 個部位、減碼 37 個部位以及清倉 17 個部位。 其中最大新建倉標的為 GTLS。 本季清倉部位包含 DIA。
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。