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: 0001730660
申報總市值
US$2.8億
US$2.8億
98 檔
17.0%
根據最新整理的 13F 季度數據集，Keeler Thomas Management LLC 於 Q4 2025 結束時的管理資產規模為 US$2.8億。該機構在本季度申報了 98 檔美股持倉，呈現出該時期的主要投資地圖。
Keeler Thomas Management LLC 在 Q4 2025 的調整主要集中於風險出清，清倉與減碼部位合計達 34 檔，反映機構對當前市場環境或個別公司估值採取較為保留之看法。
檢視投資組合結構，前 5 大主力部位（包含 IBHH, IBHF, IBHG）占據了總市值的 17.0%，展現出該機構在 Q4 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 | IBHH | Ishares Ibonds 2028 Tm Hy In | ETF-其他 | 4.68% | -0.73% | +0.78% | |
| 2 | IBHF | Ishares Ibond 2026 Hy & Inc | ETF-其他 | 4.67% | -0.68% | +0.66% | |
| 3 | IBHG | Ishares Ibonds 2027 Hy Inc | ETF-其他 | 4.67% | -0.72% | +0.80% | |
| 4 | IBHI | Ishares Ibonds 2029 Tm Hy In | ETF-其他 | 4.50% | -0.71% | +0.33% | |
| 5 | IBDR | Ishares Ibonds Dec 2026 Term | ETF-其他 | 4.33% | -0.25% | -6.06% | |
| 6 | USHY | Ishares Broad Usd High Yield | ETF-非投資等級債 | 3.52% | -1.31% | +9.80% | |
| 7 | NVDA | Nvidia CORP | 股票-科技 | 3.44% | +0.16% | +1.85% | |
| 8 | MSFT | Microsoft CORP | 股票-科技 | 3.40% | -0.25% | -1.93% | |
| 9 | JBBB | Janus Henderson B-bbb Clo Et | ETF-其他 | 2.73% | -0.50% | +2.81% | |
| 10 | IBDS | Ishrs Ibnds Dec 27 CORP ETF | ETF-其他 | 2.56% | -0.26% | -1.25% | |
| 11 | IBDW | Ishares Ibonds Dec 2031 CORP | ETF-其他 | 2.27% | -0.14% | EXIT | |
| 12 | IBDV | Ishares Ibonds Dec 2030 CORP | ETF-其他 | 2.11% | -0.23% | -0.58% | |
| 13 | IBDU | Ishares Ibonds Dec 2029 Term | ETF-其他 | 2.06% | -0.23% | -0.64% | |
| 14 | IBDT | Ishares Ibonds Dec 2028 ETF | ETF-其他 | 2.02% | -0.20% | -0.68% | |
| 15 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.89% | +0.03% | — | |
| 16 | QCOM | Qualcomm Inc | 股票-科技 | 1.63% | -0.13% | +0.23% | |
| 17 | PFE | Pfizer Inc | 股票-醫療保健 | 1.39% | -0.35% | +14.59% | |
| 18 | ROST | Ross Stores Inc | 股票-循環性消費 | 1.29% | -0.11% | +0.48% | |
| 19 | IBTJ | Ishares Ibonds Dec 2029 Term | ETF-其他 | 1.27% | -0.14% | +1.41% | |
| 20 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.21% | -0.13% | -6.97% | |
| 21 | IBHK | Isharesibond2031highyldinc | ETF-其他 | 1.20% | -0.29% | +4.07% | |
| 22 | AAPL | Apple Inc | 股票-科技 | 1.20% | -0.02% | +7.69% | |
| 23 | IBHJ | Ishrs Ibds 2030 Hy & Inc ETF | ETF-其他 | 1.20% | -0.31% | EXIT | |
| 24 | FDX | Fedex CORP | 股票-工業 | 1.14% | -0.10% | EXIT | |
| 25 | GAP | Gap Inc/the | 股票-循環性消費 | 1.13% | -0.39% | +1.50% | |
| 26 | RHP | Ryman Hospitality Properties | 股票-房地產 | 1.05% | — | +203.88% | |
| 27 | GNRC | Generac Holdings Inc | 股票-工業 | 1.02% | +0.50% | -0.24% | |
| 28 | RL | Ralph Lauren CORP | 股票-循環性消費 | 0.97% | -0.03% | -0.45% | |
| 29 | DUK | Duke Energy CORP | 股票-公用事業 | 0.95% | -0.18% | +0.28% | |
| 30 | ANF | Abercrombie & Fitch Co-cl A | 股票-循環性消費 | 0.95% | -0.26% | -0.09% | |
| 31 | TNL | Travel + Leisure Co | 股票-循環性消費 | 0.94% | +0.01% | +0.34% | |
| 32 | KMI | Kinder Morgan, Inc. | 股票-能源 | 0.93% | -0.20% | +0.68% | |
| 33 | IDXX | Idexx Laboratories Inc | 股票-醫療保健 | 0.92% | -0.06% | -0.38% | |
| 34 | IBTL | Ishares Ibonds Dec 2031 Term | ETF-其他 | 0.90% | -0.12% | EXIT | |
| 35 | IBTG | Ishares Ibonds Dec 2026 Term | ETF-其他 | 0.85% | -0.06% | -3.24% | |
| 36 | NYT | New York Times Co-a | 股票-通訊服務 | 0.81% | -0.14% | +0.19% | |
| 37 | IBTK | Ishares Ibonds Dec 2030 Trea | ETF-其他 | 0.79% | -0.12% | +1.49% | |
| 38 | IBTP | Ishares Ibonds Dec 2034 ETF | ETF-其他 | 0.78% | -0.07% | +2.24% | |
| 39 | LHX | L3harris Technologies Inc | 股票-工業 | 0.78% | -0.14% | +0.31% | |
| 40 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.76% | -0.04% | +3.39% | |
| 41 | VICI | Vici Properties Inc | 股票-房地產 | 0.75% | +0.14% | -26.23% | |
| 42 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.74% | -0.02% | +0.34% | |
| 43 | LDOS | Leidos Holdings Inc | 股票-科技 | 0.73% | -0.16% | +0.11% | |
| 44 | HEI | Heico CORP | 股票-工業 | 0.72% | — | -0.09% | |
| 45 | AME | Ametek Inc | 股票-工業 | 0.71% | — | +0.04% | |
| 46 | MMS | Maximus Inc | 股票-工業 | 0.70% | — | +0.22% | |
| 47 | WAB | Wabtec CORP | 股票-工業 | 0.70% | -0.01% | +0.01% | |
| 48 | HURN | Huron Consulting Group Inc | 股票-其他 | 0.68% | -0.13% | -0.10% | |
| 49 | IBDZ | Isharesibondsdec2034tmcorp | ETF-其他 | 0.67% | -0.11% | EXIT | |
| 50 | IBTO | Ishares Ibonds Dec 2033 Tres | ETF-其他 | 0.65% | -0.08% | +3.08% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | RHP | Ryman Hospitality Properties | +0.8% | +203.88% | 加碼 |
| 2 | USHY | Ishares Broad Usd High Yield | +0.8% | +9.80% | 加碼 |
| 3 | GOOGL | Alphabet Inc-cl A | +0.6% | — | 不變 |
| 4 | ANF | Abercrombie & Fitch Co-cl A | +0.4% | -0.09% | 減碼 |
| 5 | IBDR | Ishares Ibonds Dec 2026 Term | +0.4% | -6.06% | 減碼 |
| 6 | ROST | Ross Stores Inc | +0.4% | +0.48% | 加碼 |
| 7 | FDX | Fedex CORP | +0.3% | +0.25% | 加碼 |
| 8 | GAP | Gap Inc/the | +0.3% | +1.50% | 加碼 |
| 9 | PFE | Pfizer Inc | +0.3% | +14.59% | 加碼 |
| 10 | AAPL | Apple Inc | +0.3% | +7.69% | 加碼 |
| 11 | TNL | Travel + Leisure Co | +0.3% | +0.34% | 加碼 |
| 12 | MRK | Merck & Co. Inc. | +0.2% | +0.34% | 加碼 |
| 13 | NYT | New York Times Co-a | +0.2% | +0.19% | 加碼 |
| 14 | RL | Ralph Lauren CORP | +0.2% | -0.45% | 減碼 |
| 15 | MSFT | Microsoft CORP | +0.2% | -1.93% | 減碼 |
| 16 | HURN | Huron Consulting Group Inc | +0.2% | -0.10% | 減碼 |
| 17 | TMO | Thermo Fisher Scientific Inc | +0.2% | -0.49% | 減碼 |
| 18 | ALSN | Allison Transmission Holding | +0.2% | +0.18% | 加碼 |
| 19 | AVY | Avery Dennison CORP | +0.2% | +0.37% | 加碼 |
| 20 | BRK-B | Berkshire Hathaway Inc-cl B | +0.1% | -6.97% | 減碼 |
| 21 | RMD | Resmed Inc | 0% | +0.13% | 加碼 |
| 22 | AMZN | Amazon.com Inc | 0% | -17.86% | 減碼 |
| 23 | ADBE | Adobe Inc | 0% | -27.19% | 減碼 |
| 24 | DLR | Digital Realty Trust Inc | 0% | -24.12% | 減碼 |
| 25 | GNRC | Generac Holdings Inc | -0.1% | -0.24% | 減碼 |
| 26 | CAT | Caterpillar Inc | -0.1% | -42.48% | 減碼 |
| 27 | NFLX | Netflix Inc | -0.1% | +901.82% | 加碼 |
| 28 | ACM | Aecom | -0.1% | -0.12% | 減碼 |
| 29 | FTNT | Fortinet Inc | -0.1% | -30.23% | 減碼 |
| 30 | CTAS | Cintas CORP | -0.1% | -28.95% | 減碼 |
| 31 | MORN | Morningstar Inc | -0.1% | -32.57% | 減碼 |
| 32 | NOW | Servicenow Inc | -0.2% | +286.35% | 加碼 |
| 33 | GSHD | Goosehead Insurance Inc -a | -0.2% | -67.36% | 減碼 |
| 34 | FDS | Factset Research Systems Inc | -0.2% | -69.23% | 減碼 |
| 35 | PBH | Prestige Consumer Healthcare | -0.2% | -69.69% | 減碼 |
| 36 | FISV | Fiserv Inc | -0.2% | -36.90% | 減碼 |
| 37 | VICI | Vici Properties Inc | -0.3% | -26.23% | 減碼 |
| 38 | CNMD | Conmed CORP | -0.3% | -69.05% | 減碼 |
| 39 | ZTS | Zoetis Inc | -0.3% | -66.23% | 減碼 |
| 40 | PAYX | Paychex Inc | -0.3% | -73.26% | 減碼 |
| 41 | CVSA | Covista Inc | -0.3% | -29.75% | 減碼 |
| 42 | TMUS | T-mobile US Inc | -0.4% | -38.92% | 減碼 |
| 43 | SNPS | Synopsys Inc | -0.4% | -46.52% | 減碼 |
| 44 | IBDQ | Ishares Ibonds Dec 2025 Term | — | EXIT | 清倉 |
| 45 | IBHE | Ishares Ibonds 2025 H/y Inc | — | EXIT | 清倉 |
| 46 | TLT | iShares 20+ Year Treasury Bond ETF | — | EXIT | 清倉 |
| 47 | AMD | Advanced Micro Devices | — | EXIT | 清倉 |
| 48 | MCD | Mcdonald's CORP | — | EXIT | 清倉 |
| 49 | ABT | Abbott Laboratories | — | EXIT | 清倉 |
| 50 | KVUE | Kenvue Inc | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Keeler Thomas Management LLC 在 Q4 2025 季度的美股持倉總市值約為 US$2.8億，共申報了 98 個公開持股部位。
在 Q4 2025 季度，Keeler Thomas Management LLC 按市值排列的前三大核心持股分別為：IBHH (4.7%)、IBHF (4.7%)、IBHG (4.7%)。其中最大持股部位 IBHH 佔據整體投資組合約 4.7% 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。
本季最大獲利了結 / 清倉標的
IBDQ
前期市值: US$1186.0萬
在 Q4 2025 季度中，Keeler Thomas Management LLC 共進行了 49 項持倉異動，包含新建倉 0 個部位、加碼 15 個部位、減碼 27 個部位以及清倉 7 個部位。 本季清倉部位包含 IBDQ。
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。