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: 0001602716
申報總市值
US$39.1億
US$39.1億
87 檔
27.0%
在 Q2 2025 的 13F 官方備案中，Long Focus Capital Management, LLC 管理的美股投資組合規模來到 US$39.1億，整體持股檔數為 87 檔。
在 Q2 2025 期間，Long Focus Capital Management, LLC 展現了靈活的資產再平衡步調，透過出清 15 檔弱勢或達到目標價部位，將資金轉置於 10 檔新建倉標的之中。
在資產配置集中度方面，Long Focus Capital Management, LLC 的前 5 大核心持股（包含 CMCSA, B, CVS 等）合計佔整體申報市值的 27.0%，反映機構在主要關鍵部位上的權重分佈。
| # | 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 | CMCSA | Comcast Corp-class A | 股票-通訊服務 | 16.01% | +1.32% | +30.59% | |
| 2 | B | Barrick Mining CORP | 股票-原物料 | 11.32% | -0.14% | — | |
| 3 | CVS | Cvs Health CORP | 股票-醫療保健 | 5.05% | -1.62% | -20.60% | |
| 4 | FTAI | FTAI Aviation Ltd. | 股票-工業 | 4.09% | +0.13% | +18.99% | |
| 5 | PYPL | Paypal Holdings Inc | 股票-金融 | 3.51% | -0.89% | — | |
| 6 | GM | General Motors Co | 股票-循環性消費 | 3.18% | -0.02% | +35.71% | |
| 7 | CHTR | Charter Communications Inc-a | 股票-通訊服務 | 3.17% | +0.24% | +15.82% | |
| 8 | INTC | Intel CORP | 股票-科技 | 2.58% | — | +3.39% | |
| 9 | ET | Energy Transfer LP | 股票-能源 | 2.50% | +0.07% | — | |
| 10 | BUD | Anheuser-busch Inbev-spn Adr | 股票-非循環性消費 | 2.07% | -0.45% | -74.38% | |
| 11 | INSM | Insmed Inc | 股票-醫療保健 | 1.98% | +0.81% | -17.53% | |
| 12 | CZR | Caesars Entertainment Inc | 股票-循環性消費 | 1.70% | -1.90% | EXIT | |
| 13 | VSAT | Viasat Inc | 股票-科技 | 1.68% | +0.17% | +28.66% | |
| 14 | BABA | Alibaba Group Holding-sp Adr | 股票-循環性消費 | 1.59% | -0.08% | -9.76% | |
| 15 | C | Citigroup Inc | 股票-金融 | 1.48% | -0.12% | EXIT | |
| 16 | AKRO | Akero Therapeutics Inc | 股票-其他 | 1.45% | — | -1.30% | |
| 17 | HLF | Herbalife Ltd. | 股票-其他 | 1.42% | -0.09% | -11.90% | |
| 18 | FIP | Ftai Infrastructure Inc | 股票-其他 | 1.41% | -0.11% | +27.15% | |
| 19 | PINS | Pinterest Inc- Class A | 股票-通訊服務 | 1.39% | -0.02% | -0.43% | |
| 20 | LBRDA | Liberty Broadband-a | 股票-其他 | 1.39% | -0.18% | — | |
| 21 | AR | Antero Resources CORP | 股票-能源 | 1.31% | -0.27% | -19.11% | |
| 22 | PENN | Penn Entertainment Inc | 股票-循環性消費 | 1.27% | -0.86% | EXIT | |
| 23 | BABA 0.5 06-01-31債券 | Alibaba Group Holding | 債券 | 1.13% | +0.70% | — | |
| 24 | AURA | Aura Biosciences Inc | 股票-其他 | 1.09% | +0.11% | +39.16% | |
| 25 | WYNN | Wynn Resorts LTD | 股票-循環性消費 | 1.06% | -0.03% | — | |
| 26 | ONIT | Onity Group Inc | 股票-其他 | 0.98% | -0.01% | — | |
| 27 | CALY | Callaway Golf Company | 股票-其他 | 0.93% | — | +3.32% | |
| 28 | AGO | Assured Guaranty Ltd. | 股票-金融 | 0.92% | -0.04% | — | |
| 29 | HAPN | Happen Inc | 股票-其他 | 0.91% | +0.14% | -1.18% | |
| 30 | BLDR | Builders Firstsource Inc | 股票-工業 | 0.88% | +0.36% | — | |
| 31 | BNTX | Biontech Se-adr | 股票-其他 | 0.84% | +0.01% | +30.76% | |
| 32 | UAL | United Airlines Holdings Inc | 股票-工業 | 0.81% | -0.19% | — | |
| 33 | LILA | Liberty Latin America Ltd. | 股票-其他 | 0.78% | -0.09% | — | |
| 34 | IOVA | Iovance Biotherapeutics Inc | 股票-其他 | 0.77% | +0.02% | +27.78% | |
| 35 | WBD | Warner Bros Discovery Inc | 股票-通訊服務 | 0.76% | — | +16.63% | |
| 36 | WOOF | Petco Health And Wellness Co | 股票-其他 | 0.72% | -0.01% | +59.11% | |
| 37 | GLNG | Golar LNG Limited | 股票-能源 | 0.69% | -0.15% | +14.10% | |
| 38 | AMZN | Amazon.com Inc | 股票-循環性消費 | 0.67% | +0.40% | -64.94% | |
| 39 | BTU | Peabody Energy CORP | 股票-能源 | 0.66% | — | -26.82% | |
| 40 | NFE | New Fortress Energy Inc | 股票-其他 | 0.65% | -0.09% | EXIT | |
| 41 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.61% | -0.85% | — | |
| 42 | JD | Jd.com Inc-adr | 股票-循環性消費 | 0.59% | -0.13% | +20.58% | |
| 43 | CNC | Centene CORP | 股票-醫療保健 | 0.59% | +0.70% | -26.51% | |
| 44 | LBTYA | Liberty Global Ltd. | 股票-其他 | 0.58% | -0.37% | EXIT | |
| 45 | PZZA | Papa John's Intl Inc | 股票-其他 | 0.57% | +0.02% | — | |
| 46 | GSAT | Globalstar Inc | 股票-其他 | 0.57% | — | +74.32% | |
| 47 | CTRN | Citi Trends Inc | 股票-其他 | 0.56% | — | -15.62% | |
| 48 | OMF | Onemain Holdings Inc | 股票-金融 | 0.55% | — | — | |
| 49 | ARHS | Arhaus Inc | 股票-其他 | 0.50% | +0.18% | — | |
| 50 | SGHT | Sight Sciences Inc | 股票-其他 | 0.49% | +0.17% | +0.80% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | B | Barrick Mining CORP | +11.3% | NEW | 新建倉 |
| 2 | CMCSA | Comcast Corp-class A | +4.8% | +30.59% | 加碼 |
| 3 | GM | General Motors Co | +1.2% | +35.71% | 加碼 |
| 4 | FTAI | FTAI Aviation Ltd. | +1.2% | +18.99% | 加碼 |
| 5 | BABA 0.5 06-01-31債券 | Alibaba Group Holding | +1.1% | NEW | 新建倉 |
| 6 | CHTR | Charter Communications Inc-a | +1% | +15.82% | 加碼 |
| 7 | BLDR | Builders Firstsource Inc | +0.9% | NEW | 新建倉 |
| 8 | VSAT | Viasat Inc | +0.9% | +28.66% | 加碼 |
| 9 | PYPL | Paypal Holdings Inc | +0.8% | — | 不變 |
| 10 | FIP | Ftai Infrastructure Inc | +0.7% | +27.15% | 加碼 |
| 11 | NFE | New Fortress Energy Inc | +0.7% | NEW | 新建倉 |
| 12 | UNH | Unitedhealth Group Inc | +0.6% | NEW | 新建倉 |
| 13 | CZR | Caesars Entertainment Inc | +0.6% | +15.40% | 加碼 |
| 14 | AKRO | Akero Therapeutics Inc | +0.5% | -1.30% | 減碼 |
| 15 | OVV | Ovintiv Inc | +0.5% | NEW | 新建倉 |
| 16 | AURA | Aura Biosciences Inc | +0.4% | +39.16% | 加碼 |
| 17 | HHH | Howard Hughes Holdings Inc | +0.4% | NEW | 新建倉 |
| 18 | INSM | Insmed Inc | +0.4% | -17.53% | 減碼 |
| 19 | BNTX | Biontech Se-adr | +0.4% | +30.76% | 加碼 |
| 20 | INTC | Intel CORP | +0.3% | +3.39% | 加碼 |
| 21 | PFE | Pfizer Inc | +0.3% | NEW | 新建倉 |
| 22 | LBRDA | Liberty Broadband-a | +0.3% | — | 不變 |
| 23 | PINS | Pinterest Inc- Class A | +0.3% | -0.43% | 減碼 |
| 24 | GSAT | Globalstar Inc | +0.3% | +74.32% | 加碼 |
| 25 | PENN | Penn Entertainment Inc | +0.3% | +6.81% | 加碼 |
| 26 | WOOF | Petco Health And Wellness Co | +0.3% | +59.11% | 加碼 |
| 27 | CALY | Callaway Golf Company | +0.3% | +3.32% | 加碼 |
| 28 | C | Citigroup Inc | +0.3% | -10.69% | 減碼 |
| 29 | ONIT | Onity Group Inc | +0.3% | — | 不變 |
| 30 | SGHT | Sight Sciences Inc | +0.2% | +0.80% | 加碼 |
| 31 | ET | Energy Transfer LP | +0.2% | — | 不變 |
| 32 | DAL | Delta Air Lines Inc | +0.2% | NEW | 新建倉 |
| 33 | LAB | Standard Biotools Inc | +0.2% | +50.30% | 加碼 |
| 34 | WBD | Warner Bros Discovery Inc | +0.2% | +16.63% | 加碼 |
| 35 | WYNN | Wynn Resorts LTD | +0.2% | — | 不變 |
| 36 | HAPN | Happen Inc | +0.2% | -1.18% | 減碼 |
| 37 | GLNG | Golar LNG Limited | +0.2% | +14.10% | 加碼 |
| 38 | UAL | United Airlines Holdings Inc | +0.2% | — | 不變 |
| 39 | PCT | Purecycle Technologies Inc | +0.2% | — | 不變 |
| 40 | CTRN | Citi Trends Inc | +0.2% | -15.62% | 減碼 |
| 41 | TAL | Tal Education Group- Adr | +0.2% | +78.11% | 加碼 |
| 42 | PZZA | Papa John's Intl Inc | +0.1% | — | 不變 |
| 43 | OPRT | Oportun Financial CORP | +0.1% | — | 不變 |
| 44 | OMF | Onemain Holdings Inc | +0.1% | — | 不變 |
| 45 | APG | Api Group CORP | +0.1% | +3.91% | 加碼 |
| 46 | AGO | Assured Guaranty Ltd. | +0.1% | — | 不變 |
| 47 | LILA | Liberty Latin America Ltd. | +0.1% | — | 不變 |
| 48 | MGTX | MeiraGTx Holdings plc | +0.1% | +110.11% | 加碼 |
| 49 | CLLS | Cellectis - Adr | +0.1% | — | 不變 |
| 50 | VLRS | Controladora Vuela Cia-adr | +0.1% | +25.64% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Long Focus Capital Management, LLC 在 Q2 2025 季度的美股持倉總市值約為 US$39.1億，共申報了 87 個公開持股部位。
在 Q2 2025 季度，Long Focus Capital Management, LLC 按市值排列的前三大核心持股分別為：CMCSA (16.0%)、B (11.3%)、CVS (5.0%)。其中最大持股部位 CMCSA 佔據整體投資組合約 16.0% 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
B
市值: US$3.0億
本季最大獲利了結 / 清倉標的
RSP
前期市值: US$5.2億
在 Q2 2025 季度中，Long Focus Capital Management, LLC 共進行了 69 項持倉異動，包含新建倉 10 個部位、加碼 26 個部位、減碼 18 個部位以及清倉 15 個部位。 其中最大新建倉標的為 B。 本季清倉部位包含 RSP。
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。