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: 0001535521
申報總市值
US$4.7億
US$4.7億
78 檔
26.3%
Logan Stone Capital, LLC 在 Q2 2025 季度的美股部位總計估值為 US$4.7億，分散於 78 個持倉標的之中，反映其市場參與廣度與投資規模。
觀察 Q2 2025 的資金脈絡，Logan Stone Capital, LLC 在獲利結算 20 檔個股的同時，將資本重新部署至 27 檔新選標的，展現主動管理機構的輪動節奏。
從部位權重觀察，前 5 大標的（包含 IBIT, ETHA, SPY）累計市值佔比達 26.3%，是驅動 Logan Stone Capital, 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 | IBIT | Ishares Bitcoin Trust ETF | ETF-加密貨幣 | 28.94% | — | +85.09% | |
| 2 | ETHA | Ishares Ethereum Trust ETF | ETF-其他 | 12.38% | — | — | |
| 3 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 6.07% | — | +85.35% | |
| 4 | ETH | Grayscale Ethereum Staking M | ETF-其他 | 5.69% | -0.06% | EXIT | |
| 5 | USHY | Ishares Broad Usd High Yield | ETF-非投資等級債 | 5.40% | — | -68.93% | |
| 6 | SRLN | Ss Blackstone Sr Loan ETF | ETF-其他 | 3.15% | — | -45.81% | |
| 7 | LEO | Bny Mellon Strategic Muni | 股票-其他 | 2.92% | — | -2.16% | |
| 8 | AGG | Ishares Core U.s. Aggregate | ETF-其他 | 2.30% | -1.31% | EXIT | |
| 9 | IGF | Ishares Global Infrastructur | ETF-其他 | 2.28% | +0.65% | NEW | |
| 10 | ARES | Ares Management Corporation | 股票-金融 | 1.68% | — | — | |
| 11 | EZU | Ishares Msci Eurozone ETF | ETF-其他 | 1.62% | — | — | |
| 12 | VNQ | Vanguard Real Estate ETF | ETF-其他 | 1.43% | -0.29% | EXIT | |
| 13 | DMB | Bny Mellon Muni Bnd Infra | 股票-其他 | 1.28% | — | -16.66% | |
| 14 | MFM | Aberdeen Municipal Income | 股票-其他 | 1.20% | -0.19% | +21.44% | |
| 15 | DVY | Ishares Select Dividend ETF | ETF-其他 | 1.16% | +0.12% | NEW | |
| 16 | XPHTX | Pioneer High Income Fund | 股票-其他 | 1.06% | — | — | |
| 17 | XMVTX | Blackrock Munivest Fund Ii | 股票-其他 | 1.06% | — | -11.28% | |
| 18 | XPCKX | Pimco California Municipa Ii | 股票-其他 | 0.96% | — | +2.32% | |
| 19 | FBTC | Fidelity Wise Origin Bitcoin | ETF-加密貨幣 | 0.96% | — | — | |
| 20 | ✓ | 股票-其他 | 0.90% | -0.54% | EXIT | ||
| 21 | AFB | Allianceberstein Ntl Muni | 股票-其他 | 0.79% | -0.45% | EXIT | |
| 22 | DSM | Bnym Strat Muni Bnd | 股票-其他 | 0.78% | — | -21.84% | |
| 23 | MHD | Blackrock Muniholdings Fund | 股票-其他 | 0.75% | -0.25% | EXIT | |
| 24 | RMI | Rivernorth Opport Muni Inc | 股票-其他 | 0.70% | — | -4.42% | |
| 25 | BLK | BlackRock, Inc. | 股票-金融 | 0.69% | — | -8.15% | |
| 26 | XRMMX | Rvrnrth Mgd Dur Muni Inc | 股票-其他 | 0.69% | — | +4.02% | |
| 27 | VFL | Abrdn National Municipal Inc | 股票-其他 | 0.68% | -0.36% | EXIT | |
| 28 | PNI | Pimco Ny Muni Inc Ii Fnd | 股票-其他 | 0.68% | -0.38% | -3.77% | |
| 29 | XBKNX | Blackrock Invest Qlty Muni | 股票-其他 | 0.60% | — | -20.93% | |
| 30 | MHD | BlackRock MuniHoldings Fund, Inc. | 股票-其他 | 0.58% | — | -22.02% | |
| 31 | XPCQX | Pimco California Muni Inc Fd | 股票-其他 | 0.58% | -0.62% | -26.02% | |
| 32 | ✓ | 股票-其他 | 0.57% | — | — | ||
| 33 | XPZCX | Pimco California Muni Fd Iii | 股票-其他 | 0.45% | — | -19.47% | |
| 34 | EMB | Ishares Jp Morgan Usd Emergi | ETF-其他 | 0.43% | — | -81.11% | |
| 35 | RFM | Rivernorth Flexible Muni | 股票-其他 | 0.43% | -0.25% | EXIT | |
| 36 | XCXEX | Mfs High Income Municipal Tr | 股票-其他 | 0.43% | -0.05% | EXIT | |
| 37 | FMN | Federated Herm Prem Muni Inc | 股票-其他 | 0.40% | -0.09% | -5.99% | |
| 38 | BTT | Blackrock 2030 Muni Trgt Trm | 股票-其他 | 0.39% | — | -91.57% | |
| 39 | ✓ | Columbus Acquisition CORP | 股票-其他 | 0.37% | — | — | |
| 40 | NBH | Neuberger Municipal Fund Inc | 股票-其他 | 0.36% | — | -30.66% | |
| 41 | EFA | Ishares Msci Eafe ETF | ETF-其他 | 0.35% | — | — | |
| 42 | MUC | Blackrock Munihold Ca Qlty | 股票-其他 | 0.35% | — | -38.47% | |
| 43 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 0.33% | — | -66.02% | |
| 44 | MXF | Mexico Fund Inc | 股票-其他 | 0.32% | -0.06% | -31.79% | |
| 45 | ✓ | Pimco New York Mun Income Fd | 股票-其他 | 0.31% | — | +10.81% | |
| 46 | ✓ | Drugs Made In Amer Acqutn Co | 股票-其他 | 0.29% | +0.25% | NEW | |
| 47 | KBE | Ss Spdr S&p Bank ETF | ETF-其他 | 0.26% | — | — | |
| 48 | EWU | Ishares Msci United Kingdom | ETF-其他 | 0.24% | +0.69% | NEW | |
| 49 | ✓ | Quartzsea Acquisition CORP | 股票-其他 | 0.24% | -0.15% | EXIT | |
| 50 | XHNWX | Pioneer Diversified High | 股票-其他 | 0.23% | — | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | IBIT | Ishares Bitcoin Trust ETF | +17.1% | +85.09% | 加碼 |
| 2 | ETHA | Ishares Ethereum Trust ETF | +12.4% | NEW | 新建倉 |
| 3 | ETH | Grayscale Ethereum Staking M | +5.7% | NEW | 新建倉 |
| 4 | SPY | Ss Spdr S&p 500 ETF Trust-us | +3.1% | +85.35% | 加碼 |
| 5 | ARES | Ares Management Corporation | +1.7% | NEW | 新建倉 |
| 6 | EZU | Ishares Msci Eurozone ETF | +1.6% | NEW | 新建倉 |
| 7 | XPHTX | Pioneer High Income Fund | +1.1% | NEW | 新建倉 |
| 8 | IGF | Ishares Global Infrastructur | +1% | +62.61% | 加碼 |
| 9 | FBTC | Fidelity Wise Origin Bitcoin | +1% | NEW | 新建倉 |
| 10 | ✓ | +0.9% | NEW | 新建倉 | |
| 11 | ✓ | +0.6% | NEW | 新建倉 | |
| 12 | DVY | Ishares Select Dividend ETF | +0.6% | +96.89% | 加碼 |
| 13 | ✓ | Columbus Acquisition CORP | +0.4% | NEW | 新建倉 |
| 14 | EFA | Ishares Msci Eafe ETF | +0.4% | NEW | 新建倉 |
| 15 | ✓ | Drugs Made In Amer Acqutn Co | +0.3% | NEW | 新建倉 |
| 16 | KBE | Ss Spdr S&p Bank ETF | +0.3% | NEW | 新建倉 |
| 17 | EWU | Ishares Msci United Kingdom | +0.2% | NEW | 新建倉 |
| 18 | ✓ | Quartzsea Acquisition CORP | +0.2% | NEW | 新建倉 |
| 19 | XHNWX | Pioneer Diversified High | +0.2% | NEW | 新建倉 |
| 20 | XLF | Ss Financial Select Sector | +0.2% | NEW | 新建倉 |
| 21 | XMHIX | Pioneer Muni High Inc Tr | +0.2% | NEW | 新建倉 |
| 22 | XMVFX | Blackrock Munivest Fund | +0.2% | NEW | 新建倉 |
| 23 | MFM | Aberdeen Municipal Income | +0.2% | +21.44% | 加碼 |
| 24 | XPHDX | Pioneer Floating Rate Fund | +0.2% | NEW | 新建倉 |
| 25 | XPMAX | Pioneer Municipal High Inc | +0.2% | NEW | 新建倉 |
| 26 | YCY-UN | AA Mission Acquisition Corp. II | +0.2% | NEW | 新建倉 |
| 27 | SBI | Western Asset Intermediate | +0.1% | +347.11% | 加碼 |
| 28 | ✓ | Sizzle Acquisition CORP. Ii | +0.1% | NEW | 新建倉 |
| 29 | BGX | Blackstone Long-short Credit | +0.1% | NEW | 新建倉 |
| 30 | RFM | Rivernorth Flexible Muni | +0.1% | +37.74% | 加碼 |
| 31 | BWG | Brandywineglobal Global Inco | +0.1% | NEW | 新建倉 |
| 32 | MPA | Blackrock Muniyield Pa Qltyv | +0.1% | NEW | 新建倉 |
| 33 | MUJ | BlackRock MuniHoldings New Jersey Quality Fund, Inc. | +0.1% | NEW | 新建倉 |
| 34 | EVF | Eaton Vance Senior Income Tr | 0% | NEW | 新建倉 |
| 35 | RWX | State Street Spdr Dow Jones | 0% | -3.73% | 減碼 |
| 36 | ✓ | Pimco New York Mun Income Fd | 0% | +10.81% | 加碼 |
| 37 | ✓ | Pimco New York Mun Income Fd | — | +1.84% | 加碼 |
| 38 | ✓ | Urban One Inc | — | — | 不變 |
| 39 | XRMMX | Rvrnrth Mgd Dur Muni Inc | 0% | +4.02% | 加碼 |
| 40 | EEA | European Equity Fund Inc/the | 0% | -15.88% | 減碼 |
| 41 | XPCKX | Pimco California Municipa Ii | 0% | +2.32% | 加碼 |
| 42 | XCXEX | Mfs High Income Municipal Tr | 0% | -2.69% | 減碼 |
| 43 | AFB | Allianceberstein Ntl Muni | 0% | +0.63% | 加碼 |
| 44 | FMN | Federated Herm Prem Muni Inc | 0% | -5.99% | 減碼 |
| 45 | PEB 6.375 PERP E債券 | Pebblebrook Hotel Trust | 0% | -30.52% | 減碼 |
| 46 | AGG | Ishares Core U.s. Aggregate | -0.1% | -3.73% | 減碼 |
| 47 | RMI | Rivernorth Opport Muni Inc | -0.1% | -4.42% | 減碼 |
| 48 | PNI | Pimco Ny Muni Inc Ii Fnd | -0.1% | -3.77% | 減碼 |
| 49 | MXF | Mexico Fund Inc | -0.1% | -31.79% | 減碼 |
| 50 | BLK | BlackRock, Inc. | -0.1% | -8.15% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Logan Stone Capital, LLC 在 Q2 2025 季度的美股持倉總市值約為 US$4.7億，共申報了 78 個公開持股部位。
在 Q2 2025 季度，Logan Stone Capital, LLC 按市值排列的前三大核心持股分別為：IBIT (28.9%)、ETHA (12.4%)、SPY (6.1%)。其中最大持股部位 IBIT 佔據整體投資組合約 28.9% 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
ETHA
市值: US$2631.1萬
本季最大獲利了結 / 清倉標的
NWSA
前期市值: US$1509.7萬
在 Q2 2025 季度中，Logan Stone Capital, LLC 共進行了 97 項持倉異動，包含新建倉 27 個部位、加碼 12 個部位、減碼 38 個部位以及清倉 20 個部位。 其中最大新建倉標的為 ETHA。 本季清倉部位包含 NWSA。
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。