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: 0001798923
申報總市值
US$1.5億
US$1.5億
86 檔
11.4%
根據最新整理的 13F 季度數據集，LRT Capital Management, LLC 於 Q4 2025 結束時的管理資產規模為 US$1.5億。該機構在本季度申報了 86 檔美股持倉，呈現出該時期的主要投資地圖。
在 Q4 2025，LRT Capital Management, LLC 展現出較為審慎的避險與獲利了結姿態。本季共減碼 48 個部位並完全清倉 15 檔持股，調降曝險的部位數量高於加碼動作。
檢視投資組合結構，前 5 大主力部位（包含 SNEX, TD, TTC）占據了總市值的 11.4%，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 | SNEX | Stonex Group Inc | 股票-金融 | 3.34% | -2.31% | EXIT | |
| 2 | TD | Toronto-dominion Bank | 股票-金融 | 3.33% | -1.19% | EXIT | |
| 3 | TTC | Toro Co | 股票-工業 | 2.80% | -0.26% | -9.58% | |
| 4 | CHE | Chemed CORP | 股票-醫療保健 | 2.78% | +0.15% | -14.14% | |
| 5 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 2.76% | -2.24% | EXIT | |
| 6 | ABG | Asbury Automotive Group | 股票-循環性消費 | 2.71% | -2.49% | EXIT | |
| 7 | SSD | Simpson Manufacturing Co Inc | 股票-原物料 | 2.71% | -0.92% | EXIT | |
| 8 | ✓ | Ferrovial Se | 股票-其他 | 2.64% | — | — | |
| 9 | FCNCA | First Citizens Bcshs -cl A | 股票-金融 | 2.32% | +1.36% | — | |
| 10 | CIGI | Colliers Intl Gr-subord Vot | 股票-其他 | 2.28% | -0.91% | -12.79% | |
| 11 | RLI | Rli CORP | 股票-金融 | 2.25% | +0.46% | NEW | |
| 12 | PBR-A | Petroleo Brasil-sp Pref Adr | 股票-其他 | 2.19% | -2.65% | EXIT | |
| 13 | CCI | Crown Castle Inc | 股票-房地產 | 2.16% | -2.48% | EXIT | |
| 14 | CHTR | Charter Communications Inc-a | 股票-通訊服務 | 2.11% | — | +1.22% | |
| 15 | FN | Fabrinet | 股票-科技 | 1.94% | +2.00% | -46.21% | |
| 16 | ATO | Atmos Energy CORP | 股票-公用事業 | 1.90% | +1.54% | NEW | |
| 17 | GPI | Group 1 Automotive Inc | 股票-循環性消費 | 1.88% | +1.01% | -13.62% | |
| 18 | DRI | Darden Restaurants Inc | 股票-循環性消費 | 1.83% | -1.08% | EXIT | |
| 19 | IESC | Ies Holdings Inc | 股票-工業 | 1.83% | -1.46% | EXIT | |
| 20 | LPLA | Lpl Financial Holdings Inc | 股票-金融 | 1.82% | — | — | |
| 21 | COP | Conocophillips | 股票-能源 | 1.79% | -0.55% | EXIT | |
| 22 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 1.62% | +0.70% | -44.77% | |
| 23 | CM | Can Imperial Bk Of Commerce | 股票-金融 | 1.51% | — | -43.91% | |
| 24 | SAIA | Saia Inc | 股票-工業 | 1.45% | -0.50% | -41.53% | |
| 25 | FNV | Franco-nevada CORP | 股票-原物料 | 1.44% | -0.25% | EXIT | |
| 26 | NSC | Norfolk Southern CORP | 股票-工業 | 1.43% | -0.31% | EXIT | |
| 27 | RGEN | Repligen CORP | 股票-醫療保健 | 1.36% | -0.76% | EXIT | |
| 28 | LMT | Lockheed Martin CORP | 股票-工業 | 1.36% | +0.53% | NEW | |
| 29 | CSW | Csw Industrials Inc | 股票-工業 | 1.33% | — | -33.05% | |
| 30 | LAD | Lithia Motors Inc | 股票-循環性消費 | 1.32% | -0.86% | +20.78% | |
| 31 | GNRC | Generac Holdings Inc | 股票-工業 | 1.31% | +2.21% | +25.98% | |
| 32 | SUI | Sun Communities Inc | 股票-房地產 | 1.28% | -0.63% | EXIT | |
| 33 | ENSG | Ensign Group Inc/the | 股票-醫療保健 | 1.28% | -0.49% | -39.34% | |
| 34 | VLO | Valero Energy CORP | 股票-能源 | 1.28% | -0.79% | EXIT | |
| 35 | FIX | Comfort Systems USA Inc | 股票-工業 | 1.23% | -0.57% | EXIT | |
| 36 | IDXX | Idexx Laboratories Inc | 股票-醫療保健 | 1.23% | — | +78.37% | |
| 37 | WSM | Williams-sonoma Inc | 股票-循環性消費 | 1.20% | +0.90% | -21.53% | |
| 38 | CASY | Casey's General Stores Inc | 股票-循環性消費 | 1.15% | — | -26.14% | |
| 39 | VEEV | Veeva Systems Inc-class A | 股票-醫療保健 | 1.15% | -0.86% | EXIT | |
| 40 | REXR | Rexford Industrial Realty In | 股票-房地產 | 1.03% | -0.54% | EXIT | |
| 41 | AAON | Aaon Inc | 股票-工業 | 1.03% | +3.20% | -30.55% | |
| 42 | TXN | Texas Instruments Inc | 股票-科技 | 1.02% | — | -54.73% | |
| 43 | POOL | Pool CORP | 股票-工業 | 1.02% | +0.53% | — | |
| 44 | TRV | Travelers Cos Inc/the | 股票-金融 | 0.94% | — | -64.87% | |
| 45 | MEDP | Medpace Holdings Inc | 股票-醫療保健 | 0.91% | -0.70% | EXIT | |
| 46 | BAH | Booz Allen Hamilton Holdings | 股票-工業 | 0.84% | +1.20% | NEW | |
| 47 | KNSL | Kinsale Capital Group Inc | 股票-金融 | 0.84% | — | -23.16% | |
| 48 | CRWD | Crowdstrike Holdings Inc - A | 股票-科技 | 0.83% | -0.93% | EXIT | |
| 49 | SE | Sea Ltd-adr | 股票-通訊服務 | 0.81% | — | -1.11% | |
| 50 | AXON | Axon Enterprise Inc | 股票-工業 | 0.80% | -0.43% | -12.74% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | COP | Conocophillips | +1.3% | +178.89% | 加碼 |
| 2 | GOOGL | Alphabet Inc-cl A | +1.2% | +9.30% | 加碼 |
| 3 | TD | Toronto-dominion Bank | +0.8% | -14.73% | 減碼 |
| 4 | IDXX | Idexx Laboratories Inc | +0.7% | +78.37% | 加碼 |
| 5 | BAH | Booz Allen Hamilton Holdings | +0.6% | +215.31% | 加碼 |
| 6 | LAD | Lithia Motors Inc | +0.5% | +20.78% | 加碼 |
| 7 | WH | Wyndham Hotels & Resorts Inc | +0.5% | +192.53% | 加碼 |
| 8 | BLDR | Builders Firstsource Inc | +0.5% | +219.99% | 加碼 |
| 9 | TTC | Toro Co | +0.5% | -9.58% | 減碼 |
| 10 | PSX | Phillips 66 | +0.4% | +45.55% | 加碼 |
| 11 | DECK | Deckers Outdoor CORP | +0.4% | +33.50% | 加碼 |
| 12 | FND | Floor & Decor Holdings Inc-a | +0.3% | +208.27% | 加碼 |
| 13 | GNRC | Generac Holdings Inc | +0.3% | +25.98% | 加碼 |
| 14 | REXR | Rexford Industrial Realty In | +0.3% | +13.01% | 加碼 |
| 15 | VEEV | Veeva Systems Inc-class A | +0.3% | +34.97% | 加碼 |
| 16 | SNEX | Stonex Group Inc | +0.3% | -11.02% | 減碼 |
| 17 | FIX | Comfort Systems USA Inc | +0.3% | -13.69% | 減碼 |
| 18 | PAYC | Paycom Software Inc | +0.2% | +135.20% | 加碼 |
| 19 | NSC | Norfolk Southern CORP | +0.2% | -5.80% | 減碼 |
| 20 | NET | Cloudflare Inc - Class A | +0.2% | +18.99% | 加碼 |
| 21 | PBR-A | Petroleo Brasil-sp Pref Adr | +0.2% | -11.85% | 減碼 |
| 22 | CHE | Chemed CORP | +0.2% | -14.14% | 減碼 |
| 23 | CIGI | Colliers Intl Gr-subord Vot | +0.1% | -12.79% | 減碼 |
| 24 | NU | Nu Holdings Ltd. | +0.1% | -13.11% | 減碼 |
| 25 | CSW | Csw Industrials Inc | +0.1% | -33.05% | 減碼 |
| 26 | GPI | Group 1 Automotive Inc | 0% | -13.62% | 減碼 |
| 27 | CHTR | Charter Communications Inc-a | 0% | +1.22% | 加碼 |
| 28 | MEDP | Medpace Holdings Inc | 0% | -30.66% | 減碼 |
| 29 | DRI | Darden Restaurants Inc | -0.1% | -21.87% | 減碼 |
| 30 | KNSL | Kinsale Capital Group Inc | -0.1% | -23.16% | 減碼 |
| 31 | SE | Sea Ltd-adr | -0.1% | -1.11% | 減碼 |
| 32 | CASY | Casey's General Stores Inc | -0.1% | -26.14% | 減碼 |
| 33 | LLY | Eli Lilly & Co | -0.1% | -55.52% | 減碼 |
| 34 | WSM | Williams-sonoma Inc | -0.1% | -21.53% | 減碼 |
| 35 | AXON | Axon Enterprise Inc | -0.1% | -12.74% | 減碼 |
| 36 | CRWD | Crowdstrike Holdings Inc - A | -0.1% | -29.17% | 減碼 |
| 37 | RMD | Resmed Inc | -0.2% | -32.19% | 減碼 |
| 38 | JKHY | Jack Henry & Associates Inc | -0.2% | -54.59% | 減碼 |
| 39 | SSD | Simpson Manufacturing Co Inc | -0.2% | -26.15% | 減碼 |
| 40 | AVGO | Broadcom Inc | -0.3% | -64.39% | 減碼 |
| 41 | FN | Fabrinet | -0.3% | -46.21% | 減碼 |
| 42 | SAIA | Saia Inc | -0.3% | -41.53% | 減碼 |
| 43 | ANET | Arista Networks Inc | -0.3% | -63.72% | 減碼 |
| 44 | IESC | Ies Holdings Inc | -0.3% | -32.38% | 減碼 |
| 45 | CM | Can Imperial Bk Of Commerce | -0.3% | -43.91% | 減碼 |
| 46 | LMT | Lockheed Martin CORP | -0.3% | -35.99% | 減碼 |
| 47 | ENSG | Ensign Group Inc/the | -0.3% | -39.34% | 減碼 |
| 48 | MOH | Molina Healthcare Inc | -0.3% | -59.08% | 減碼 |
| 49 | IBP | Installed Building Products | -0.4% | -50.51% | 減碼 |
| 50 | RLI | Rli CORP | -0.4% | -32.45% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，LRT Capital Management, LLC 在 Q4 2025 季度的美股持倉總市值約為 US$1.5億，共申報了 86 個公開持股部位。
在 Q4 2025 季度，LRT Capital Management, LLC 按市值排列的前三大核心持股分別為：SNEX (3.3%)、TD (3.3%)、TTC (2.8%)。其中最大持股部位 SNEX 佔據整體投資組合約 3.3% 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
FERROVIAL SE
市值: US$307.9萬
本季最大獲利了結 / 清倉標的
CORPORACION AMER ARPTS S A
前期市值: US$354.9萬
在 Q4 2025 季度中，LRT Capital Management, LLC 共進行了 101 項持倉異動，包含新建倉 22 個部位、加碼 16 個部位、減碼 48 個部位以及清倉 15 個部位。 其中最大新建倉標的為 FERROVIAL SE。 本季清倉部位包含 CORPORACION AMER ARPTS S A。
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。