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: 0001104186
申報總市值
US$39.0億
US$39.0億
64 檔
27.5%
Masters Capital Management LLC 在 Q2 2025 季度的美股部位總計估值為 US$39.0億，分散於 64 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，Masters Capital Management LLC 在獲利結算 13 檔個股的同時，將資本重新部署至 19 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 SPY, C, WMT）累計市值佔比達 27.5%，是驅動 Masters Capital Management 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 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 24.07% | +19.16% | NEW | |
| 2 | C | Citigroup Inc | 股票-金融 | 6.96% | -3.90% | +5.00% | |
| 3 | WMT | Walmart Inc | 股票-非循環性消費 | 3.81% | — | +100.00% | |
| 4 | INTC | Intel CORP | 股票-科技 | 3.49% | -0.79% | +33.33% | |
| 5 | TLT | Ishares 20+ Year Treasury Bd | ETF-政府公債 | 3.44% | -9.24% | -66.67% | |
| 6 | FCX | Freeport-mcmoran Inc | 股票-原物料 | 3.38% | +0.06% | -4.76% | |
| 7 | EMN | Eastman Chemical Co | 股票-原物料 | 3.34% | +1.91% | +130.00% | |
| 8 | UAL | United Airlines Holdings Inc | 股票-工業 | 3.10% | — | — | |
| 9 | FLR | Fluor CORP | 股票-工業 | 2.97% | +0.60% | -25.75% | |
| 10 | DAL | Delta Air Lines Inc | 股票-工業 | 2.87% | -0.78% | -49.86% | |
| 11 | SLB | Slb LTD | 股票-能源 | 2.63% | +0.92% | +33.33% | |
| 12 | GDXJ | Vaneck Junior Gold Miners | ETF-避險與商品 | 2.63% | — | — | |
| 13 | MU | Micron Technology Inc | 股票-科技 | 2.40% | — | -50.00% | |
| 14 | BAX | Baxter International Inc | 股票-醫療保健 | 2.36% | — | — | |
| 15 | BMY | Bristol-myers Squibb Co | 股票-醫療保健 | 2.25% | -0.52% | -37.50% | |
| 16 | ADM | Archer-daniels-midland Co | 股票-非循環性消費 | 2.06% | -1.20% | EXIT | |
| 17 | W | Wayfair Inc- Class A | 股票-循環性消費 | 1.99% | -2.49% | +11.11% | |
| 18 | UBER | Uber Technologies Inc | 股票-工業 | 1.82% | +1.85% | NEW | |
| 19 | TFC | Truist Financial CORP | 股票-金融 | 1.72% | — | +2.99% | |
| 20 | BA | Boeing Co/the | 股票-工業 | 1.63% | +4.24% | — | |
| 21 | NOV | Nov Inc | 股票-能源 | 1.45% | -0.19% | +50.00% | |
| 22 | MHK | Mohawk Industries Inc | 股票-循環性消費 | 1.23% | -2.29% | — | |
| 23 | UPS | United Parcel Service-cl B | 股票-工業 | 1.18% | -3.89% | +50.00% | |
| 24 | AA | Alcoa CORP | 股票-原物料 | 1.15% | +2.02% | -50.00% | |
| 25 | ASTS | Ast Spacemobile Inc | 股票-科技 | 0.91% | -1.60% | -16.67% | |
| 26 | CLF | Cleveland-cliffs Inc | 股票-原物料 | 0.89% | -0.17% | -45.45% | |
| 27 | COHR | Coherent CORP | 股票-科技 | 0.87% | — | -75.00% | |
| 28 | VYX | Ncr Voyix CORP | 股票-科技 | 0.87% | +0.14% | +90.00% | |
| 29 | ENVX | Enovix CORP | 股票-其他 | 0.81% | -0.04% | +17.65% | |
| 30 | PRGO | Perrigo Company plc | 股票-醫療保健 | 0.73% | — | -30.26% | |
| 31 | BCS | Barclays Plc-spons Adr | 股票-金融 | 0.72% | -0.71% | -33.33% | |
| 32 | DOW | Dow Inc | 股票-原物料 | 0.62% | — | — | |
| 33 | FTK | Flotek Industries Inc | 股票-其他 | 0.57% | -0.01% | +100.00% | |
| 34 | NXE | Nexgen Energy LTD | 股票-其他 | 0.54% | -0.14% | — | |
| 35 | EVEX | Eve Holding Inc | 股票-其他 | 0.53% | -0.03% | -2.44% | |
| 36 | PONY | Pony Ai Inc | 股票-其他 | 0.51% | -0.26% | — | |
| 37 | SMG | Scotts Miracle-gro Co | 股票-原物料 | 0.51% | — | — | |
| 38 | BWAY | Brainsway Ltd-adr | 股票-其他 | 0.51% | -0.12% | — | |
| 39 | PBR | Petroleo Brasileiro-spon Adr | 股票-能源 | 0.49% | — | — | |
| 40 | VFC | Vf CORP | 股票-循環性消費 | 0.46% | — | -52.38% | |
| 41 | LION | Lionsgate Studios CORP | 股票-其他 | 0.45% | +0.15% | — | |
| 42 | PPG | Ppg Industries Inc | 股票-原物料 | 0.44% | — | — | |
| 43 | ACHR | Archer Aviation Inc-a | 股票-工業 | 0.42% | — | — | |
| 44 | MIR | Mirion Technologies Inc | 股票-工業 | 0.42% | — | -50.00% | |
| 45 | ADNT | Adient plc | 股票-其他 | 0.38% | — | — | |
| 46 | AOMR | Angel Oak Mortgage Reit Inc | 股票-其他 | 0.37% | -0.04% | -9.09% | |
| 47 | DNLI | Denali Therapeutics Inc | 股票-其他 | 0.33% | -0.25% | — | |
| 48 | LYFT | Lyft Inc-a | 股票-科技 | 0.31% | -0.44% | EXIT | |
| 49 | ✓ | Ferroglobe PLC | 股票-其他 | 0.29% | -0.11% | — | |
| 50 | TTI | Tetra Technologies Inc | 股票-其他 | 0.26% | — | +5.26% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | SPY | Ss Spdr S&p 500 ETF Trust-us | +24.1% | NEW | 新建倉 |
| 2 | UAL | United Airlines Holdings Inc | +3.1% | NEW | 新建倉 |
| 3 | GDXJ | Vaneck Junior Gold Miners | +2.6% | NEW | 新建倉 |
| 4 | ADM | Archer-daniels-midland Co | +2.1% | NEW | 新建倉 |
| 5 | WMT | Walmart Inc | +1.7% | +100.00% | 加碼 |
| 6 | BA | Boeing Co/the | +1.6% | NEW | 新建倉 |
| 7 | MHK | Mohawk Industries Inc | +1.2% | NEW | 新建倉 |
| 8 | EMN | Eastman Chemical Co | +1.2% | +130.00% | 加碼 |
| 9 | DOW | Dow Inc | +0.6% | NEW | 新建倉 |
| 10 | W | Wayfair Inc- Class A | +0.6% | +11.11% | 加碼 |
| 11 | SMG | Scotts Miracle-gro Co | +0.5% | NEW | 新建倉 |
| 12 | LION | Lionsgate Studios CORP | +0.5% | NEW | 新建倉 |
| 13 | PPG | Ppg Industries Inc | +0.4% | NEW | 新建倉 |
| 14 | VYX | Ncr Voyix CORP | +0.4% | +90.00% | 加碼 |
| 15 | ADNT | Adient plc | +0.4% | NEW | 新建倉 |
| 16 | FTK | Flotek Industries Inc | +0.4% | +100.00% | 加碼 |
| 17 | DNLI | Denali Therapeutics Inc | +0.3% | NEW | 新建倉 |
| 18 | LYFT | Lyft Inc-a | +0.3% | NEW | 新建倉 |
| 19 | ETOR | eToro Group Ltd. | +0.3% | NEW | 新建倉 |
| 20 | ASTS | Ast Spacemobile Inc | +0.2% | -16.67% | 減碼 |
| 21 | ENVX | Enovix CORP | +0.2% | +17.65% | 加碼 |
| 22 | EVEX | Eve Holding Inc | +0.2% | -2.44% | 減碼 |
| 23 | INTC | Intel CORP | +0.1% | +33.33% | 加碼 |
| 24 | UPS | United Parcel Service-cl B | +0.1% | +50.00% | 加碼 |
| 25 | NXE | Nexgen Energy LTD | +0.1% | — | 不變 |
| 26 | PONY | Pony Ai Inc | +0.1% | — | 不變 |
| 27 | ACHR | Archer Aviation Inc-a | +0.1% | — | 不變 |
| 28 | SRRK | Scholar Rock Holding CORP | +0.1% | NEW | 新建倉 |
| 29 | QS | Quantumscape CORP | +0.1% | — | 不變 |
| 30 | PLUG | Plug Power Inc | +0.1% | NEW | 新建倉 |
| 31 | BWAY | Brainsway Ltd-adr | 0% | — | 不變 |
| 32 | 2CH | Wheels Up Experience Inc | 0% | NEW | 新建倉 |
| 33 | UBER | Uber Technologies Inc | 0% | — | 不變 |
| 34 | NG | Novagold Resources Inc | 0% | NEW | 新建倉 |
| 35 | INMB | Inmune Bio Inc | 0% | NEW | 新建倉 |
| 36 | C | Citigroup Inc | 0% | +5.00% | 加碼 |
| 37 | STIM | Neuronetics Inc | 0% | — | 不變 |
| 38 | NOV | Nov Inc | -0.1% | +50.00% | 加碼 |
| 39 | TTI | Tetra Technologies Inc | -0.1% | +5.26% | 加碼 |
| 40 | BORR | Borr Drilling Limited | -0.1% | +7.14% | 加碼 |
| 41 | SENS1GBP | Senseonics Holdings Inc | -0.1% | — | 不變 |
| 42 | TLS | Telos Corporation | -0.1% | -25.93% | 減碼 |
| 43 | ✓ | Ferroglobe PLC | -0.1% | — | 不變 |
| 44 | LUCD | Lucid Diagnostics Inc | -0.1% | — | 不變 |
| 45 | NVTS | Navitas Semiconductor CORP | -0.1% | EXIT | 清倉 |
| 46 | GPRE | Green Plains Inc | -0.1% | -33.33% | 減碼 |
| 47 | AOMR | Angel Oak Mortgage Reit Inc | -0.2% | -9.09% | 減碼 |
| 48 | ✓ | Lionsgate Studios CORP | -0.2% | EXIT | 清倉 |
| 49 | GOGO | Gogo Inc | -0.2% | EXIT | 清倉 |
| 50 | PBR | Petroleo Brasileiro-spon Adr | -0.2% | — | 不變 |
根據 SEC 官方 Form 13F 申報備案，Masters Capital Management LLC 在 Q2 2025 季度的美股持倉總市值約為 US$39.0億，共申報了 64 個公開持股部位。
在 Q2 2025 季度，Masters Capital Management LLC 按市值排列的前三大核心持股分別為：SPY (24.1%)、C (7.0%)、WMT (3.8%)。其中最大持股部位 SPY 佔據整體投資組合約 24.1% 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
SPY
市值: US$6.2億
本季最大獲利了結 / 清倉標的
NUE
前期市值: US$6017.0萬
在 Q2 2025 季度中，Masters Capital Management LLC 共進行了 65 項持倉異動，包含新建倉 19 個部位、加碼 14 個部位、減碼 19 個部位以及清倉 13 個部位。 其中最大新建倉標的為 SPY。 本季清倉部位包含 NUE。
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。