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: 0001532943
申報總市值
US$3.1億
US$3.1億
159 檔
15.6%
Q4 2025 季度申報顯示，Palogic Value Management, L.P. 揭露的美股組合總市值為 US$3.1億，涵蓋 159 個不同之權益投資部位。
Palogic Value Management, L.P. 在 Q4 2025 進行了結構性的板塊輪動與部位換股。在開立 17 個全新部位及加碼 59 檔持股的同時，亦同步清倉 25 檔並減碼 32 檔標的。
檢視投資組合結構，前 5 大主力部位（包含 AAPL, GOOG, AVGO）占據了總市值的 15.6%，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 | AAPL | Apple Inc | 股票-科技 | 5.16% | +3.91% | -0.66% | |
| 2 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 4.39% | -0.22% | -0.92% | |
| 3 | AVGO | Broadcom Inc | 股票-科技 | 4.35% | -0.41% | -5.02% | |
| 4 | MSFT | Microsoft CORP | 股票-科技 | 3.16% | +0.12% | -0.62% | |
| 5 | SRLN | Ss Blackstone Sr Loan ETF | ETF-其他 | 2.87% | -0.67% | +2.62% | |
| 6 | LPRO | Open Lending CORP | 股票-其他 | 2.79% | -2.40% | EXIT | |
| 7 | XOM | Exxon Mobil CORP | 股票-能源 | 2.45% | -1.26% | — | |
| 8 | BHP | Bhp Group Ltd-spon Adr | 股票-原物料 | 2.17% | -0.52% | +0.66% | |
| 9 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-非投資等級債 | 1.98% | -0.45% | +1.18% | |
| 10 | PEB | Pebblebrook Hotel Trust | 股票-其他 | 1.89% | -1.47% | EXIT | |
| 11 | ABBV | Abbvie Inc | 股票-醫療保健 | 1.83% | -0.18% | — | |
| 12 | XNEAX | Nuveen Amt-fr Qlty Muni Inc | 股票-其他 | 1.79% | -0.33% | +4.61% | |
| 13 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.72% | -0.19% | -1.11% | |
| 14 | SHEL | Shell Plc-adr | 股票-能源 | 1.69% | -0.24% | -10.37% | |
| 15 | EB4 | Eventbrite Inc-class A | 股票-其他 | 1.63% | — | +21.10% | |
| 16 | NVG | Nuveen Amt-fr Muni Crdt | 股票-其他 | 1.46% | -0.26% | +10.61% | |
| 17 | NAD | Nuveen Quality Municipal Inc | 股票-其他 | 1.38% | -0.07% | +8.67% | |
| 18 | FLYW | Flywire Corp-voting | 股票-其他 | 1.27% | -0.08% | -24.03% | |
| 19 | HCAT | Health Catalyst Inc | 股票-其他 | 1.27% | +1.65% | +16.32% | |
| 20 | BAND | Bandwidth Inc-class A | 股票-其他 | 1.26% | -0.92% | -2.38% | |
| 21 | TAP | Molson Coors Beverage Co - B | 股票-非循環性消費 | 1.19% | -0.13% | +11.58% | |
| 22 | VCLT | Vanguard Long-term CORP Bond | ETF-投資等級公司債 | 1.16% | -0.29% | -0.54% | |
| 23 | BAC | Bank Of America CORP | 股票-金融 | 1.15% | -0.09% | +1.35% | |
| 24 | GPN | Global Payments Inc | 股票-工業 | 1.13% | +0.07% | +151.71% | |
| 25 | AMGN | Amgen Inc | 股票-醫療保健 | 1.06% | -0.24% | +1.34% | |
| 26 | ONTF | On24 Inc | 股票-其他 | 1.00% | — | +11.11% | |
| 27 | SLND | Southland Holdings Inc | 股票-其他 | 0.97% | -0.36% | -18.41% | |
| 28 | VRRM | Verra Mobility CORP | 股票-其他 | 0.93% | -0.48% | — | |
| 29 | ARCC | Ares Capital CORP | 股票-金融 | 0.93% | -0.17% | +0.56% | |
| 30 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.89% | -0.11% | — | |
| 31 | EXFY | Expensify Inc - A | 股票-其他 | 0.88% | +0.10% | +50.38% | |
| 32 | BC | Brunswick CORP | 股票-循環性消費 | 0.87% | -0.07% | +1.86% | |
| 33 | MQ | Marqeta Inc-a | 股票-其他 | 0.84% | -0.23% | +41.67% | |
| 34 | VYX | Ncr Voyix CORP | 股票-科技 | 0.83% | -0.01% | +25.79% | |
| 35 | OBDC | Blue Owl Capital CORP | 股票-金融 | 0.75% | -0.11% | -2.41% | |
| 36 | SPG | Simon Property Group Inc | 股票-房地產 | 0.71% | — | +2.06% | |
| 37 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.71% | -0.15% | -2.06% | |
| 38 | LADR | Ladder Capital Corp-reit | 股票-其他 | 0.68% | -0.12% | +1.01% | |
| 39 | CSCO | Cisco Systems Inc | 股票-科技 | 0.67% | +0.05% | — | |
| 40 | LPSN 0 12-15-26債券 | Liveperson Inc | 債券 | 0.66% | -0.12% | — | |
| 41 | PFF | Ishares Preferred & Income S | ETF-其他 | 0.65% | -0.14% | — | |
| 42 | SLB | Slb LTD | 股票-能源 | 0.63% | -0.28% | +2.00% | |
| 43 | SAP | Sap Se-sponsored Adr | 股票-科技 | 0.62% | -0.14% | +1.76% | |
| 44 | ASPN | Aspen Aerogels Inc | 股票-其他 | 0.62% | -0.27% | +162.50% | |
| 45 | LSPD | Lightspeed Commerce Inc | 股票-其他 | 0.60% | -0.06% | -20.00% | |
| 46 | CNNE | Cannae Holdings Inc | 股票-其他 | 0.60% | +0.01% | -42.03% | |
| 47 | FDUS | Fidus Investment CORP | 股票-其他 | 0.60% | -0.10% | +1.82% | |
| 48 | FNF | Fidelity National Financial | 股票-金融 | 0.58% | -0.10% | +8.48% | |
| 49 | LBRT | Liberty Energy Inc | 股票-能源 | 0.58% | +0.21% | NEW | |
| 50 | FISV | Fiserv Inc | 股票-其他 | 0.56% | — | +884.42% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | GOOG | Alphabet Inc-cl C | +1.1% | -0.92% | 減碼 |
| 2 | EB4 | Eventbrite Inc-class A | +0.9% | +21.10% | 加碼 |
| 3 | GPN | Global Payments Inc | +0.7% | +151.71% | 加碼 |
| 4 | AAPL | Apple Inc | +0.5% | -0.66% | 減碼 |
| 5 | FISV | Fiserv Inc | +0.5% | +884.42% | 加碼 |
| 6 | ONTF | On24 Inc | +0.4% | +11.11% | 加碼 |
| 7 | TCBI | Texas Capital Bancshares Inc | +0.3% | +80.77% | 加碼 |
| 8 | BHP | Bhp Group Ltd-spon Adr | +0.3% | +0.66% | 加碼 |
| 9 | XOM | Exxon Mobil CORP | +0.2% | — | 不變 |
| 10 | OZK | Bank Ozk | +0.2% | +83.33% | 加碼 |
| 11 | NVG | Nuveen Amt-fr Muni Crdt | +0.2% | +10.61% | 加碼 |
| 12 | MQ | Marqeta Inc-a | +0.2% | +41.67% | 加碼 |
| 13 | EXFY | Expensify Inc - A | +0.2% | +50.38% | 加碼 |
| 14 | AMGN | Amgen Inc | +0.2% | +1.34% | 加碼 |
| 15 | TAP | Molson Coors Beverage Co - B | +0.2% | +11.58% | 加碼 |
| 16 | NAD | Nuveen Quality Municipal Inc | +0.2% | +8.67% | 加碼 |
| 17 | XNEAX | Nuveen Amt-fr Qlty Muni Inc | +0.2% | +4.61% | 加碼 |
| 18 | BC | Brunswick CORP | +0.2% | +1.86% | 加碼 |
| 19 | CRMT | America's Car-mart Inc | +0.2% | +71.20% | 加碼 |
| 20 | EOG | Eog Resources Inc | +0.2% | +72.32% | 加碼 |
| 21 | SRLN | Ss Blackstone Sr Loan ETF | +0.2% | +2.62% | 加碼 |
| 22 | FCX | Freeport-mcmoran Inc | +0.1% | +2.76% | 加碼 |
| 23 | AVGO | Broadcom Inc | +0.1% | -5.02% | 減碼 |
| 24 | BAC | Bank Of America CORP | +0.1% | +1.35% | 加碼 |
| 25 | AMZN | Amazon.com Inc | +0.1% | -1.11% | 減碼 |
| 26 | FDX | Fedex CORP | +0.1% | +3.49% | 加碼 |
| 27 | FSLR | First Solar Inc | +0.1% | +4.16% | 加碼 |
| 28 | SLB | Slb LTD | +0.1% | +2.00% | 加碼 |
| 29 | CSCO | Cisco Systems Inc | +0.1% | — | 不變 |
| 30 | GOOGL | Alphabet Inc-cl A | +0.1% | — | 不變 |
| 31 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | +0.1% | +1.18% | 加碼 |
| 32 | CAT | Caterpillar Inc | +0.1% | -0.28% | 減碼 |
| 33 | VNOM | Viper Energy Inc-cl A | +0.1% | +17.19% | 加碼 |
| 34 | AXP | American Express Co | +0.1% | — | 不變 |
| 35 | ASPN | Aspen Aerogels Inc | +0.1% | +162.50% | 加碼 |
| 36 | PEB | Pebblebrook Hotel Trust | +0.1% | — | 不變 |
| 37 | JPM | Jpmorgan Chase & Co | +0.1% | — | 不變 |
| 38 | VYX | Ncr Voyix CORP | +0.1% | +25.79% | 加碼 |
| 39 | MRK | Merck & Co. Inc. | 0% | — | 不變 |
| 40 | PLD | Prologis Inc | 0% | +23.18% | 加碼 |
| 41 | ABBV | Abbvie Inc | 0% | — | 不變 |
| 42 | LADR | Ladder Capital Corp-reit | 0% | +1.01% | 加碼 |
| 43 | FIS | Fidelity National Info Serv | 0% | +23.26% | 加碼 |
| 44 | MA | Mastercard Inc - A | 0% | +18.73% | 加碼 |
| 45 | LVS | Las Vegas Sands CORP | 0% | — | 不變 |
| 46 | ETG | Eaton Vance T/a Gl Dvd Incm | 0% | — | 不變 |
| 47 | SPY | Ss Spdr S&p 500 ETF Trust-us | 0% | — | 不變 |
| 48 | DIS | Walt Disney Co/the | 0% | +2.23% | 加碼 |
| 49 | SPG | Simon Property Group Inc | 0% | +2.06% | 加碼 |
| 50 | ARCC | Ares Capital CORP | 0% | +0.56% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Palogic Value Management, L.P. 在 Q4 2025 季度的美股持倉總市值約為 US$3.1億，共申報了 159 個公開持股部位。
在 Q4 2025 季度，Palogic Value Management, L.P. 按市值排列的前三大核心持股分別為：AAPL (5.2%)、GOOG (4.4%)、AVGO (4.3%)。其中最大持股部位 AAPL 佔據整體投資組合約 5.2% 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
CMG
市值: US$104.5萬
本季最大獲利了結 / 清倉標的
QQQ
前期市值: US$600.4萬
在 Q4 2025 季度中，Palogic Value Management, L.P. 共進行了 133 項持倉異動，包含新建倉 17 個部位、加碼 59 個部位、減碼 32 個部位以及清倉 25 個部位。 其中最大新建倉標的為 CMG。 本季清倉部位包含 QQQ。
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。