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: 0001063497
申報總市值
US$7.7億
US$7.7億
92 檔
30.6%
在 Q4 2025 申報期間，Pembroke Management, LTD（CIK: 0001063497）向美國 SEC 提交的 Form 13F 報告顯示，其追蹤之股票投資組合總市值達 US$7.7億，共持有 92 個公開申報部位。
Pembroke Management, LTD 於 Q4 2025 展現出進攻型調倉步調，本季推動了 8 檔股票的新建倉與 44 檔既有部位加碼，整體資金傾向擴大在美股市場的曝險佈局。
在資產配置集中度方面，Pembroke Management, LTD 的前 5 大核心持股（包含 REZI, GMED, MPWR 等）合計佔整體申報市值的 30.6%，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 | REZI | Resideo Technologies Inc | 股票-工業 | 5.24% | -0.92% | -1.72% | |
| 2 | GMED | Globus Medical Inc - A | 股票-醫療保健 | 5.14% | -1.02% | +1.34% | |
| 3 | MPWR | Monolithic Power Systems Inc | 股票-科技 | 4.98% | -0.69% | -1.47% | |
| 4 | CNM | Core & Main Inc-class A | 股票-工業 | 4.81% | -2.32% | -1.47% | |
| 5 | AAON | Aaon Inc | 股票-工業 | 4.31% | -0.28% | -1.07% | |
| 6 | WK | Workiva Inc | 股票-科技 | 4.23% | -1.94% | EXIT | |
| 7 | FSS | Federal Signal CORP | 股票-工業 | 4.18% | +0.21% | +32.49% | |
| 8 | P | Everpure Inc-a | 股票-科技 | 4.15% | +1.17% | -10.15% | |
| 9 | IBP | Installed Building Products | 股票-循環性消費 | 3.52% | -0.48% | -8.56% | |
| 10 | SITE | Siteone Landscape Supply Inc | 股票-工業 | 3.37% | -1.79% | -13.88% | |
| 11 | TECH | Bio-techne CORP | 股票-醫療保健 | 3.12% | -2.81% | EXIT | |
| 12 | HGTY | Hagerty Inc-a | 股票-其他 | 3.09% | -0.03% | -1.51% | |
| 13 | MANH | Manhattan Associates Inc | 股票-科技 | 2.99% | — | +2.60% | |
| 14 | MOD | Modine Manufacturing Co | 股票-循環性消費 | 2.91% | -0.23% | -1.61% | |
| 15 | BGSI | THE Boyd Group Inc | 股票-其他 | 2.70% | -0.74% | — | |
| 16 | STVN | Stevanato Group S.p.A. | 股票-其他 | 2.63% | -0.30% | EXIT | |
| 17 | CLBT | Cellebrite DI Ltd. | 股票-其他 | 2.57% | -0.31% | -1.28% | |
| 18 | AX | Axos Financial Inc | 股票-金融 | 2.57% | -0.03% | +10.35% | |
| 19 | QTWO | Q2 Holdings Inc | 股票-科技 | 2.56% | -0.63% | EXIT | |
| 20 | DORM | Dorman Products Inc | 股票-循環性消費 | 2.01% | +0.16% | +5.04% | |
| 21 | IMAX | Imax CORP | 股票-其他 | 1.97% | +0.06% | -0.38% | |
| 22 | WSO | Watsco Inc | 股票-工業 | 1.63% | — | -33.31% | |
| 23 | CRAI | Cra International Inc | 股票-其他 | 1.58% | -0.20% | -1.65% | |
| 24 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 1.58% | -0.10% | -0.29% | |
| 25 | BWMN | Bowman Consulting Group LTD | 股票-其他 | 1.50% | -0.02% | -2.13% | |
| 26 | RDVT | Red Violet Inc | 股票-其他 | 1.46% | +0.42% | -1.51% | |
| 27 | VERX | Vertex Inc - Class A | 股票-其他 | 1.34% | — | -20.78% | |
| 28 | OLLI | Ollie's Bargain Outlet Holdi | 股票-非循環性消費 | 1.26% | +1.64% | +10.05% | |
| 29 | VBNK | Versabank | 股票-其他 | 1.14% | +0.84% | +40.72% | |
| 30 | LPX | Louisiana-pacific CORP | 股票-工業 | 1.13% | -0.13% | — | |
| 31 | RYAN | Ryan Specialty Holdings Inc | 股票-金融 | 1.03% | — | -29.80% | |
| 32 | GIL | Gildan Activewear Inc | 股票-循環性消費 | 1.03% | -0.18% | +8.73% | |
| 33 | CHWY | Chewy Inc - Class A | 股票-循環性消費 | 1.01% | -0.63% | EXIT | |
| 34 | VCTR | Victory Capital Holding - A | 股票-其他 | 0.97% | +0.10% | -1.62% | |
| 35 | FIVE | Five Below | 股票-循環性消費 | 0.92% | -0.20% | -1.45% | |
| 36 | DSGX | Descartes Systems Grp/the | 股票-科技 | 0.91% | -0.14% | +1.79% | |
| 37 | UTI | Universal Technical Institut | 股票-其他 | 0.76% | -0.09% | -4.34% | |
| 38 | LCII | Lci Industries | 股票-循環性消費 | 0.74% | -0.75% | EXIT | |
| 39 | CDRE | Cadre Holdings Inc | 股票-其他 | 0.67% | — | -2.54% | |
| 40 | BROS | Dutch Bros Inc-class A | 股票-循環性消費 | 0.61% | +0.67% | — | |
| 41 | CWST | Casella Waste Systems Inc-a | 股票-工業 | 0.51% | -0.20% | EXIT | |
| 42 | IEFA | Ishares Core Msci Eafe ETF | ETF-其他 | 0.50% | -0.06% | +3.79% | |
| 43 | MAIN | Main Street Capital CORP | 股票-金融 | 0.40% | -0.06% | +1.78% | |
| 44 | IEMG | Ishares Core Msci Emerging | ETF-新興市場 | 0.39% | -0.04% | -2.04% | |
| 45 | EUSA | Ishares Msci USA Equal Weigh | ETF-其他 | 0.25% | — | +18.01% | |
| 46 | RY | Royal Bank Of Canada | 股票-金融 | 0.23% | +0.03% | — | |
| 47 | CAE | Cae Inc | 股票-其他 | 0.19% | -0.04% | +43.00% | |
| 48 | SHOP | Shopify Inc - Class A | 股票-科技 | 0.18% | -0.03% | — | |
| 49 | WCN | Waste Connections Inc | 股票-工業 | 0.16% | +0.08% | — | |
| 50 | PMTS | Cpi Card Group Inc | 股票-其他 | 0.15% | +0.11% | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | GMED | Globus Medical Inc - A | +2% | +1.34% | 加碼 |
| 2 | TECH | Bio-techne CORP | +1% | +36.05% | 加碼 |
| 3 | FSS | Federal Signal CORP | +0.9% | +32.49% | 加碼 |
| 4 | WK | Workiva Inc | +0.6% | +12.84% | 加碼 |
| 5 | VBNK | Versabank | +0.5% | +40.72% | 加碼 |
| 6 | HGTY | Hagerty Inc-a | +0.4% | -1.51% | 減碼 |
| 7 | AX | Axos Financial Inc | +0.4% | +10.35% | 加碼 |
| 8 | QTWO | Q2 Holdings Inc | +0.3% | +11.22% | 加碼 |
| 9 | LCII | Lci Industries | +0.3% | +30.47% | 加碼 |
| 10 | IMAX | Imax CORP | +0.3% | -0.38% | 減碼 |
| 11 | GIL | Gildan Activewear Inc | +0.2% | +8.73% | 加碼 |
| 12 | FIVE | Five Below | +0.2% | -1.45% | 減碼 |
| 13 | RDVT | Red Violet Inc | +0.2% | -1.51% | 減碼 |
| 14 | IVV | Ishares Core S&p 500 ETF | +0.1% | -0.29% | 減碼 |
| 15 | CDRE | Cadre Holdings Inc | +0.1% | -2.54% | 減碼 |
| 16 | CAE | Cae Inc | +0.1% | +43.00% | 加碼 |
| 17 | MPWR | Monolithic Power Systems Inc | +0.1% | -1.47% | 減碼 |
| 18 | NVDA | Nvidia CORP | +0.1% | +43.03% | 加碼 |
| 19 | EUSA | Ishares Msci USA Equal Weigh | +0.1% | +18.01% | 加碼 |
| 20 | IEFA | Ishares Core Msci Eafe ETF | +0.1% | +3.79% | 加碼 |
| 21 | AMZN | Amazon.com Inc | 0% | +47.58% | 加碼 |
| 22 | GOOGL | Alphabet Inc-cl A | 0% | +28.48% | 加碼 |
| 23 | BN | Brookfield CORP | 0% | +50.00% | 加碼 |
| 24 | RY | Royal Bank Of Canada | 0% | — | 不變 |
| 25 | ✓ | On Holding AG | 0% | +101.22% | 加碼 |
| 26 | AAPL | Apple Inc | 0% | +28.13% | 加碼 |
| 27 | WMT | Walmart Inc | 0% | +62.73% | 加碼 |
| 28 | LLY | Eli Lilly & Co | 0% | +33.72% | 加碼 |
| 29 | MDB | Mongodb Inc | 0% | +5.29% | 加碼 |
| 30 | MSFT | Microsoft CORP | 0% | +33.62% | 加碼 |
| 31 | TDG | Transdigm Group Inc | 0% | +59.83% | 加碼 |
| 32 | FERG | Ferguson Enterprises Inc | 0% | +33.91% | 加碼 |
| 33 | LIN | Linde plc | 0% | +71.24% | 加碼 |
| 34 | IDXX | Idexx Laboratories Inc | 0% | +41.23% | 加碼 |
| 35 | CPRT | Copart Inc | 0% | +87.75% | 加碼 |
| 36 | SHOP | Shopify Inc - Class A | 0% | — | 不變 |
| 37 | MA | Mastercard Inc - A | 0% | +20.28% | 加碼 |
| 38 | ASML | ASML Holding N.V. | 0% | +14.25% | 加碼 |
| 39 | HD | Home Depot Inc | 0% | +51.52% | 加碼 |
| 40 | META | Meta Platforms Inc-class A | 0% | +27.94% | 加碼 |
| 41 | TYL | Tyler Technologies Inc | 0% | +53.85% | 加碼 |
| 42 | AGI | Alamos Gold Inc-class A | 0% | — | 不變 |
| 43 | WPM | Wheaton Precious Metals CORP | 0% | — | 不變 |
| 44 | UNH | Unitedhealth Group Inc | 0% | +13.03% | 加碼 |
| 45 | IEMG | Ishares Core Msci Emerging | 0% | -2.04% | 減碼 |
| 46 | IBP | Installed Building Products | — | -8.56% | 減碼 |
| 47 | CLBT | Cellebrite DI Ltd. | — | -1.28% | 減碼 |
| 48 | VCTR | Victory Capital Holding - A | — | -1.62% | 減碼 |
| 49 | MAIN | Main Street Capital CORP | — | +1.78% | 加碼 |
| 50 | STN | Stantec Inc | — | — | 不變 |
根據 SEC 官方 Form 13F 申報備案，Pembroke Management, LTD 在 Q4 2025 季度的美股持倉總市值約為 US$7.7億，共申報了 92 個公開持股部位。
在 Q4 2025 季度，Pembroke Management, LTD 按市值排列的前三大核心持股分別為：REZI (5.2%)、GMED (5.1%)、MPWR (5.0%)。其中最大持股部位 REZI 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
BGSI
市值: US$2612.6萬
本季最大獲利了結 / 清倉標的
TREX
前期市值: US$2461.1萬
在 Q4 2025 季度中，Pembroke Management, LTD 共進行了 87 項持倉異動，包含新建倉 8 個部位、加碼 44 個部位、減碼 30 個部位以及清倉 5 個部位。 其中最大新建倉標的為 BGSI。 本季清倉部位包含 TREX。
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。