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: 0000917579
申報總市值
US$1.8億
US$1.8億
41 檔
19.6%
Q2 2025 季度申報顯示，Kestrel Investment Management CORP 揭露的美股組合總市值為 US$1.8億，涵蓋 41 個不同之權益投資部位。
Kestrel Investment Management CORP 在 Q2 2025 的調整主要集中於風險出清，清倉與減碼部位合計達 40 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 PHIN, AX, T86）占據了總市值的 19.6%，展現出該機構在 Q2 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 | PHIN | Phinia Inc | 股票-循環性消費 | 4.56% | +0.64% | -4.41% | |
| 2 | AX | Axos Financial Inc | 股票-金融 | 4.52% | +0.21% | -4.52% | |
| 3 | T86 | Tri Pointe Homes Inc | 股票-其他 | 4.39% | -6.14% | EXIT | |
| 4 | RDN | Radian Group Inc | 股票-金融 | 4.31% | — | -4.54% | |
| 5 | CVSA | Covista Inc | 股票-非循環性消費 | 3.76% | -0.05% | -4.46% | |
| 6 | CNO | Cno Financial Group Inc | 股票-金融 | 3.69% | +0.49% | -4.54% | |
| 7 | UPWK | Upwork Inc | 股票-其他 | 3.63% | -0.86% | -4.43% | |
| 8 | PBH | Prestige Consumer Healthcare | 股票-醫療保健 | 3.49% | -0.68% | -4.45% | |
| 9 | GTM | Zoominfo Technologies Inc | 股票-科技 | 3.46% | -1.08% | — | |
| 10 | 2655957D | Premier Inc-class A | 股票-其他 | 3.35% | — | -4.49% | |
| 11 | ATKR | Atkore Inc | 股票-其他 | 3.27% | +0.46% | -4.33% | |
| 12 | CNXC | Concentrix CORP | 股票-科技 | 3.23% | -0.41% | -4.58% | |
| 13 | 37M | Mrc Global Inc | 股票-其他 | 3.14% | — | -4.47% | |
| 14 | MDU | Mdu Resources Group Inc | 股票-公用事業 | 3.09% | — | -4.53% | |
| 15 | BHF | Brighthouse Financial Inc | 股票-金融 | 3.04% | -0.11% | -4.35% | |
| 16 | THC | Tenet Healthcare CORP | 股票-醫療保健 | 3.01% | -0.29% | -4.67% | |
| 17 | NATL | Ncr Atleos CORP | 股票-科技 | 2.80% | -0.37% | -4.54% | |
| 18 | DNB | Dun & Bradstreet Holdings In | 股票-其他 | 2.65% | — | -4.44% | |
| 19 | BLKB | Blackbaud Inc | 股票-其他 | 2.45% | -0.43% | -4.50% | |
| 20 | PLAB | Photronics Inc | 股票-其他 | 2.36% | -1.29% | -4.56% | |
| 21 | PGNY | Progyny Inc | 股票-其他 | 2.35% | — | -4.54% | |
| 22 | XHR | Xenia Hotels & Resorts Inc | 股票-其他 | 2.32% | +0.66% | -4.44% | |
| 23 | DRVN | Driven Brands Holdings Inc | 股票-其他 | 2.29% | — | -4.59% | |
| 24 | ADEA | Adeia Inc | 股票-其他 | 2.25% | — | -4.39% | |
| 25 | PFBC | Preferred Bank/los Angeles | 股票-其他 | 2.15% | +0.15% | -4.60% | |
| 26 | BBT | Beacon Financial CORP | 股票-其他 | 2.11% | — | -4.60% | |
| 27 | THS | Treehouse Foods Inc | 股票-其他 | 1.91% | — | -4.52% | |
| 28 | MATW | Matthews Intl Corp-class A | 股票-其他 | 1.72% | -0.10% | — | |
| 29 | EPC | Edgewell Personal Care Co | 股票-其他 | 1.71% | — | -4.46% | |
| 30 | KOP | Koppers Holdings Inc | 股票-其他 | 1.67% | +0.11% | -4.20% | |
| 31 | SAIC | Science Applications Inte | 股票-科技 | 1.53% | +0.07% | -4.61% | |
| 32 | AAMI | Acadian Asset Management Inc | 股票-其他 | 1.38% | -2.03% | EXIT | |
| 33 | CCRN | Cross Country Healthcare Inc | 股票-其他 | 1.36% | +0.26% | -4.49% | |
| 34 | SBSI | Southside Bancshares Inc | 股票-其他 | 1.27% | +0.04% | -4.26% | |
| 35 | MTUS | Metallus Inc | 股票-其他 | 1.25% | +0.05% | -4.49% | |
| 36 | AVNS | Avanos Medical Inc | 股票-其他 | 1.07% | +0.72% | -4.51% | |
| 37 | RNGR | Ranger Energy Services-cl A | 股票-其他 | 1.03% | — | -4.87% | |
| 38 | HDSN | Hudson Technologies Inc | 股票-其他 | 1.01% | -0.07% | -4.48% | |
| 39 | FORR | Forrester Research Inc | 股票-其他 | 0.56% | +0.11% | -4.71% | |
| 40 | RLGT | Radiant Logistics Inc | 股票-其他 | 0.48% | +0.12% | -4.74% | |
| 41 | XPER | Xperi Inc | 股票-其他 | 0.35% | — | -5.42% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | GTM | Zoominfo Technologies Inc | +3.5% | NEW | 新建倉 |
| 2 | MATW | Matthews Intl Corp-class A | +1.7% | NEW | 新建倉 |
| 3 | CVSA | Covista Inc | +0.6% | -4.46% | 減碼 |
| 4 | THC | Tenet Healthcare CORP | +0.6% | -4.67% | 減碼 |
| 5 | AX | Axos Financial Inc | +0.4% | -4.52% | 減碼 |
| 6 | 37M | Mrc Global Inc | +0.3% | -4.47% | 減碼 |
| 7 | ATKR | Atkore Inc | +0.3% | -4.33% | 減碼 |
| 8 | AAMI | Acadian Asset Management Inc | +0.3% | -4.25% | 減碼 |
| 9 | 2655957D | Premier Inc-class A | +0.2% | -4.49% | 減碼 |
| 10 | HDSN | Hudson Technologies Inc | +0.2% | -4.48% | 減碼 |
| 11 | KOP | Koppers Holdings Inc | +0.1% | -4.20% | 減碼 |
| 12 | RDN | Radian Group Inc | +0.1% | -4.54% | 減碼 |
| 13 | MTUS | Metallus Inc | +0.1% | -4.49% | 減碼 |
| 14 | NATL | Ncr Atleos CORP | 0% | -4.54% | 減碼 |
| 15 | XHR | Xenia Hotels & Resorts Inc | 0% | -4.44% | 減碼 |
| 16 | ADEA | Adeia Inc | — | -4.39% | 減碼 |
| 17 | FORR | Forrester Research Inc | — | -4.71% | 減碼 |
| 18 | XPER | Xperi Inc | 0% | -5.42% | 減碼 |
| 19 | RLGT | Radiant Logistics Inc | 0% | -4.74% | 減碼 |
| 20 | SBSI | Southside Bancshares Inc | -0.1% | -4.26% | 減碼 |
| 21 | PFBC | Preferred Bank/los Angeles | -0.1% | -4.60% | 減碼 |
| 22 | BLKB | Blackbaud Inc | -0.1% | -4.50% | 減碼 |
| 23 | PHIN | Phinia Inc | -0.1% | -4.41% | 減碼 |
| 24 | DRVN | Driven Brands Holdings Inc | -0.1% | -4.59% | 減碼 |
| 25 | SAIC | Science Applications Inte | -0.1% | -4.61% | 減碼 |
| 26 | DNB | Dun & Bradstreet Holdings In | -0.1% | -4.44% | 減碼 |
| 27 | UPWK | Upwork Inc | -0.1% | -4.43% | 減碼 |
| 28 | PGNY | Progyny Inc | -0.2% | -4.54% | 減碼 |
| 29 | BBT | Beacon Financial CORP | -0.2% | -4.60% | 減碼 |
| 30 | MDU | Mdu Resources Group Inc | -0.3% | -4.53% | 減碼 |
| 31 | AVNS | Avanos Medical Inc | -0.3% | -4.51% | 減碼 |
| 32 | RNGR | Ranger Energy Services-cl A | -0.3% | -4.87% | 減碼 |
| 33 | T86 | Tri Pointe Homes Inc | -0.3% | -4.46% | 減碼 |
| 34 | CCRN | Cross Country Healthcare Inc | -0.3% | -4.49% | 減碼 |
| 35 | CNXC | Concentrix CORP | -0.4% | -4.58% | 減碼 |
| 36 | PLAB | Photronics Inc | -0.4% | -4.56% | 減碼 |
| 37 | BHF | Brighthouse Financial Inc | -0.5% | -4.35% | 減碼 |
| 38 | PBH | Prestige Consumer Healthcare | -0.5% | -4.45% | 減碼 |
| 39 | CNO | Cno Financial Group Inc | -0.6% | -4.54% | 減碼 |
| 40 | EPC | Edgewell Personal Care Co | -0.7% | -4.46% | 減碼 |
| 41 | THS | Treehouse Foods Inc | -0.9% | -4.52% | 減碼 |
| 42 | SHLS | Shoals Technologies Group -a | -1.7% | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Kestrel Investment Management CORP 在 Q2 2025 季度的美股持倉總市值約為 US$1.8億，共申報了 41 個公開持股部位。
在 Q2 2025 季度，Kestrel Investment Management CORP 按市值排列的前三大核心持股分別為：PHIN (4.6%)、AX (4.5%)、T86 (4.4%)。其中最大持股部位 PHIN 佔據整體投資組合約 4.6% 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
GTM
市值: US$577.8萬
本季最大獲利了結 / 清倉標的
SHLS
前期市值: US$282.6萬
在 Q2 2025 季度中，Kestrel Investment Management CORP 共進行了 42 項持倉異動，包含新建倉 2 個部位、加碼 0 個部位、減碼 39 個部位以及清倉 1 個部位。 其中最大新建倉標的為 GTM。 本季清倉部位包含 SHLS。
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。