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。
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CIK: 0001534259
申報總市值
US$14.7億
US$14.7億
40 檔
78.8%
Partners Group Holding AG 在 Q2 2025 季度的美股部位總計估值為 US$14.7億，分散於 40 個持倉標的之中，反映其市場參與廣度與投資規模。
數據顯示 Partners Group Holding AG 於 Q2 2025 季度持續回收資金，對 22 個既有部位進行裁減並清倉 5 個標的，組合整體流動性比重有所上升。
在資產配置集中度方面，Partners Group Holding AG 的前 5 大核心持股（包含 KLC, CLARIVATE PLC, APO 等）合計佔整體申報市值的 78.8%，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 | KLC | Kindercare Learning Cos Inc | 股票-其他 | 38.66% | +10.33% | — | |
| 2 | ✓ | Clarivate PLC | 股票-其他 | 5.17% | — | — | |
| 3 | APO | Apollo Global Management Inc | 股票-金融 | 4.19% | -0.97% | +4.59% | |
| 4 | AMT | American Tower CORP | 股票-房地產 | 3.44% | -0.61% | -11.32% | |
| 5 | ARES | Ares Management CORP - A | 股票-金融 | 2.88% | -0.10% | -8.50% | |
| 6 | KKR | Kkr & Co Inc | 股票-金融 | 2.83% | -0.34% | -8.43% | |
| 7 | AWK | American Water Works Co Inc | 股票-公用事業 | 2.73% | -0.39% | -10.01% | |
| 8 | BX | Blackstone Inc | 股票-金融 | 2.50% | -0.28% | +1.35% | |
| 9 | RSG | Republic Services Inc | 股票-工業 | 2.44% | -0.42% | -15.38% | |
| 10 | ATO | Atmos Energy CORP | 股票-公用事業 | 2.34% | -0.55% | -11.84% | |
| 11 | UNP | Union Pacific CORP | 股票-工業 | 2.32% | -0.13% | -14.36% | |
| 12 | WMB | Williams Cos Inc | 股票-能源 | 2.26% | -0.61% | -3.42% | |
| 13 | CNI | Canadian Natl Railway Co | 股票-工業 | 2.05% | — | -12.68% | |
| 14 | CMS | Cms Energy CORP | 股票-公用事業 | 1.99% | -0.34% | -10.28% | |
| 15 | BN | Brookfield CORP | 股票-金融 | 1.91% | -0.41% | -1.74% | |
| 16 | WM | Waste Management Inc | 股票-工業 | 1.76% | -0.39% | -12.05% | |
| 17 | ARCC | Ares Capital CORP | 股票-金融 | 1.74% | — | +2.03% | |
| 18 | EQIX | Equinix Inc | 股票-房地產 | 1.73% | -0.06% | -10.75% | |
| 19 | SRE | Sempra | 股票-公用事業 | 1.66% | -0.42% | -15.22% | |
| 20 | ✓ | Ferrovial Se | 股票-其他 | 1.64% | +0.54% | -19.24% | |
| 21 | OWL | Blue Owl Capital Inc | 股票-金融 | 1.62% | -0.31% | +99.37% | |
| 22 | SBAC | Sba Communications CORP | 股票-房地產 | 1.50% | -0.23% | -17.21% | |
| 23 | CCI | Crown Castle Inc | 股票-房地產 | 1.35% | — | -9.52% | |
| 24 | TPG | Tpg Inc | 股票-金融 | 1.26% | -0.16% | -3.15% | |
| 25 | CSX | Csx CORP | 股票-工業 | 1.23% | -0.46% | -31.95% | |
| 26 | ODFL | Old Dominion Freight Line | 股票-工業 | 1.23% | -0.44% | +24.43% | |
| 27 | TRP | Tc Energy CORP | 股票-能源 | 1.19% | -1.83% | -30.81% | |
| 28 | ADT | Adt Inc | 股票-工業 | 0.99% | -0.05% | -37.79% | |
| 29 | ✓ | Global Blue Group Holding AG | 股票-其他 | 0.97% | — | — | |
| 30 | ENB | Enbridge Inc | 股票-能源 | 0.66% | -1.02% | +7.04% | |
| 31 | ARCB | Arcbest CORP | 股票-其他 | 0.53% | -0.12% | +23.23% | |
| 32 | LTH | Life Time Group Holdings Inc | 股票-其他 | 0.40% | +0.08% | — | |
| 33 | XPO | Xpo Inc | 股票-工業 | 0.34% | -0.03% | — | |
| 34 | KMI | Kinder Morgan, Inc. | 股票-能源 | 0.27% | -0.16% | — | |
| 35 | NU | Nu Holdings Ltd. | 股票-金融 | 0.10% | -0.51% | -96.78% | |
| 36 | ✓ | Neuehealth Inc | 股票-其他 | 0.03% | — | — | |
| 37 | EPD | Enterprise Products Partners | 股票-能源 | 0.03% | — | +16.01% | |
| 38 | ET | Energy Transfer LP | 股票-能源 | 0.02% | — | +10.91% | |
| 39 | PBA | Pembina Pipeline CORP | 股票-能源 | 0.02% | -0.03% | — | |
| 40 | OKE | Oneok Inc | 股票-能源 | 0.01% | -0.01% | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | ✓ | Clarivate PLC | +1% | — | 不變 |
| 2 | OWL | Blue Owl Capital Inc | +0.9% | +99.37% | 加碼 |
| 3 | APO | Apollo Global Management Inc | +0.7% | +4.59% | 加碼 |
| 4 | ARES | Ares Management CORP - A | +0.5% | -8.50% | 減碼 |
| 5 | BN | Brookfield CORP | +0.5% | -1.74% | 減碼 |
| 6 | BX | Blackstone Inc | +0.5% | +1.35% | 加碼 |
| 7 | KKR | Kkr & Co Inc | +0.4% | -8.43% | 減碼 |
| 8 | XPO | Xpo Inc | +0.3% | NEW | 新建倉 |
| 9 | ODFL | Old Dominion Freight Line | +0.3% | +24.43% | 加碼 |
| 10 | WMB | Williams Cos Inc | +0.3% | -3.42% | 減碼 |
| 11 | TPG | Tpg Inc | +0.2% | -3.15% | 減碼 |
| 12 | ARCC | Ares Capital CORP | +0.2% | +2.03% | 加碼 |
| 13 | ARCB | Arcbest CORP | +0.2% | +23.23% | 加碼 |
| 14 | ENB | Enbridge Inc | +0.1% | +7.04% | 加碼 |
| 15 | ✓ | Global Blue Group Holding AG | +0.1% | — | 不變 |
| 16 | ✓ | Ferrovial Se | +0.1% | -19.24% | 減碼 |
| 17 | CNI | Canadian Natl Railway Co | +0.1% | -12.68% | 減碼 |
| 18 | LTH | Life Time Group Holdings Inc | +0.1% | — | 不變 |
| 19 | AMT | American Tower CORP | 0% | -11.32% | 減碼 |
| 20 | KMI | Kinder Morgan, Inc. | 0% | — | 不變 |
| 21 | SRE | Sempra | 0% | -15.22% | 減碼 |
| 22 | OKE | Oneok Inc | 0% | NEW | 新建倉 |
| 23 | EPD | Enterprise Products Partners | 0% | +16.01% | 加碼 |
| 24 | CCI | Crown Castle Inc | — | -9.52% | 減碼 |
| 25 | ET | Energy Transfer LP | — | +10.91% | 加碼 |
| 26 | PBA | Pembina Pipeline CORP | — | — | 不變 |
| 27 | ✓ | Neuehealth Inc | — | — | 不變 |
| 28 | SBAC | Sba Communications CORP | 0% | -17.21% | 減碼 |
| 29 | FTS | Fortis Inc | 0% | EXIT | 清倉 |
| 30 | ATO | Atmos Energy CORP | 0% | -11.84% | 減碼 |
| 31 | EQIX | Equinix Inc | 0% | -10.75% | 減碼 |
| 32 | WM | Waste Management Inc | -0.1% | -12.05% | 減碼 |
| 33 | RSG | Republic Services Inc | -0.1% | -15.38% | 減碼 |
| 34 | TEM | Tempus Ai Inc-cl A | -0.1% | EXIT | 清倉 |
| 35 | AWK | American Water Works Co Inc | -0.1% | -10.01% | 減碼 |
| 36 | UNP | Union Pacific CORP | -0.2% | -14.36% | 減碼 |
| 37 | CMS | Cms Energy CORP | -0.2% | -10.28% | 減碼 |
| 38 | CSX | Csx CORP | -0.2% | -31.95% | 減碼 |
| 39 | OBDC | Blue Owl Capital CORP | -0.3% | EXIT | 清倉 |
| 40 | TRP | Tc Energy CORP | -0.3% | -30.81% | 減碼 |
| 41 | ADT | Adt Inc | -0.4% | -37.79% | 減碼 |
| 42 | CG | Carlyle Group Inc/the | -0.6% | EXIT | 清倉 |
| 43 | KLC | Kindercare Learning Cos Inc | -0.8% | — | 不變 |
| 44 | GBDC | Golub Capital Bdc Inc | -1.3% | EXIT | 清倉 |
| 45 | NU | Nu Holdings Ltd. | -2% | -96.78% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Partners Group Holding AG 在 Q2 2025 季度的美股持倉總市值約為 US$14.7億，共申報了 40 個公開持股部位。
在 Q2 2025 季度，Partners Group Holding AG 按市值排列的前三大核心持股分別為：KLC (38.7%)、CLARIVATE PLC (5.2%)、APO (4.2%)。其中最大持股部位 KLC 佔據整體投資組合約 38.7% 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
XPO
市值: US$727.0萬
本季最大獲利了結 / 清倉標的
GBDC
前期市值: US$3029.4萬
在 Q2 2025 季度中，Partners Group Holding AG 共進行了 38 項持倉異動，包含新建倉 2 個部位、加碼 9 個部位、減碼 22 個部位以及清倉 5 個部位。 其中最大新建倉標的為 XPO。 本季清倉部位包含 GBDC。
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。