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: 0001539041
申報總市值
US$135.2億
US$135.2億
1069 檔
24.6%
Q3 2025 季度申報顯示，Picton Mahoney Asset Management 揭露的美股組合總市值為 US$135.2億，涵蓋 1069 個不同之權益投資部位。
觀察 Q3 2025 的申報異動，Picton Mahoney Asset Management 採取了強勁的買進策略，建倉與加碼動作（合計 142 筆）涵蓋多個核心板塊，展現機構對特定產業前景之樂觀態度。
整體而言，Picton Mahoney Asset Management 的前 5 大持股（包含 TLT, TLT, RY）貢獻了組合市值的 24.6%，形成該機構在 Q3 2025 季度的基本面基石。
本季最大新建倉標的
RY
市值: US$3.8億
本季最大獲利了結 / 清倉標的
INVESCO QQQ TRUST
前期市值: US$2.8億
僅顯示前 200 大持股（共 1069 檔）
| # | 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 | TLT | iShares 20+ Year Treasury Bond ETF | ETF-政府公債 | 10.99% | — | +50.00% | |
| 2 | TLT | iShares 20+ Year Treasury Bond ETF | ETF-政府公債 | 10.99% | — | +50.00% | |
| 3 | RY | Royal Bank Of Canada | 股票-金融 | 3.43% | +1.89% | +2.53% | |
| 4 | TD | Toronto-dominion Bank | 股票-金融 | 2.35% | +1.53% | -10.93% | |
| 5 | SHOP | Shopify Inc - Class A | 股票-科技 | 2.32% | -0.02% | -1.63% | |
| 6 | BN | Brookfield CORP | 股票-金融 | 1.63% | +0.41% | +15.30% | |
| 7 | AEM | Agnico Eagle Mines LTD | 股票-原物料 | 1.55% | -0.60% | -9.94% | |
| 8 | CNQ | Canadian Natural Resources | 股票-能源 | 1.49% | -0.69% | -0.45% | |
| 9 | ✓ | Ishares Tr | 股票-其他 | 1.48% | — | — | |
| 10 | CP | Canadian Pacific Kansas City | 股票-工業 | 1.44% | +0.37% | -12.88% | |
| 11 | MSFT | Microsoft CORP | 股票-科技 | 1.25% | — | +4.00% | |
| 12 | NVDA | Nvidia CORP | 股票-科技 | 1.24% | +0.11% | -12.67% | |
| 13 | ENB | Enbridge Inc | 股票-能源 | 1.23% | +0.24% | -7.54% | |
| 14 | FNV | Franco-nevada CORP | 股票-原物料 | 1.19% | -0.16% | +19.91% | |
| 15 | OR | Or Royalties Inc | 股票-其他 | 1.12% | -0.36% | -17.61% | |
| 16 | CM | Can Imperial Bk Of Commerce | 股票-金融 | 1.06% | -0.12% | +69.08% | |
| 17 | TRP | Tc Energy CORP | 股票-能源 | 1.00% | +0.10% | -1.35% | |
| 18 | CVE | Cenovus Energy Inc | 股票-能源 | 0.98% | +0.37% | +15.63% | |
| 19 | AAPL | Apple Inc | 股票-科技 | 0.97% | +0.01% | +19.07% | |
| 20 | TSLA | Tesla, Inc. | 股票-循環性消費 | 0.96% | — | -36.34% | |
| 21 | ✓ | Waste Connections Inc | 股票-其他 | 0.95% | — | — | |
| 22 | HBM | Hudbay Minerals Inc | 股票-其他 | 0.87% | +0.25% | +9.26% | |
| 23 | WCN | Waste Connections Inc | 股票-工業 | 0.86% | +0.17% | -28.67% | |
| 24 | RCI | Rogers Communications Inc-b | 股票-其他 | 0.83% | -0.17% | +0.34% | |
| 25 | CLS | Celestica Inc | 股票-科技 | 0.79% | +0.54% | -38.50% | |
| 26 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 0.73% | +0.29% | +21.34% | |
| 27 | ✓ | Thomson Reuters CORP | 股票-其他 | 0.70% | — | — | |
| 28 | ✓ | Cyberark Software LTD. Cmn | 股票-其他 | 0.66% | — | +161.81% | |
| 29 | VOE | Vanguard Mid-cap Value ETF | ETF-其他 | 0.64% | — | +463.05% | |
| 30 | AVGO | Broadcom Inc | 股票-科技 | 0.59% | +0.20% | -3.78% | |
| 31 | FSV | Firstservice CORP | 股票-其他 | 0.57% | +0.10% | +2.90% | |
| 32 | GIL | Gildan Activewear Inc | 股票-循環性消費 | 0.54% | +0.43% | -21.72% | |
| 33 | BIP | Brookfield Infrastructure Partners L.P. | 股票-公用事業 | 0.53% | +0.06% | +27.74% | |
| 34 | CIGI | Colliers Intl Gr-subord Vot | 股票-其他 | 0.49% | — | NEW | |
| 35 | AMZN | Amazon.com Inc | 股票-循環性消費 | 0.48% | +0.08% | -1.16% | |
| 36 | TRI4EUR | Thomson Reuters CORP | 股票-其他 | 0.48% | -0.14% | EXIT | |
| 37 | BMO | Bank Of Montreal | 股票-金融 | 0.48% | +0.99% | -43.37% | |
| 38 | B | Barrick Mining CORP | 股票-原物料 | 0.47% | -0.12% | +1673.89% | |
| 39 | WPM | Wheaton Precious Metals CORP | 股票-原物料 | 0.47% | +0.03% | -3.83% | |
| 40 | SSRM | Ssr Mining Inc | 股票-原物料 | 0.46% | +0.01% | +115.40% | |
| 41 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.45% | -0.07% | -1.80% | |
| 42 | IAG | Iamgold CORP | 股票-其他 | 0.45% | -0.07% | +117.54% | |
| 43 | TECK | Teck Resources Ltd-cls B | 股票-原物料 | 0.44% | -0.31% | -45.74% | |
| 44 | MFC | Manulife Financial CORP | 股票-金融 | 0.42% | -0.25% | -24.09% | |
| 45 | TU | Telus CORP | 股票-其他 | 0.41% | — | -9.41% | |
| 46 | SPOT | Spotify Technology S.A. | 股票-通訊服務 | 0.38% | — | — | |
| 47 | DSGX | Descartes Systems Grp/the | 股票-科技 | 0.38% | +0.13% | -6.98% | |
| 48 | CCJ | Cameco CORP | 股票-能源 | 0.35% | -0.01% | -34.53% | |
| 49 | KRE | Ss Spdr S&p Regional Bank | ETF-其他 | 0.34% | -0.38% | EXIT | |
| 50 | SCHW | Schwab (charles) CORP | 股票-金融 | 0.33% | -0.14% | +1.69% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | SHOP | Shopify Inc - Class A | +2.3% | -1.63% | 加碼 |
| 2 | ✓ | Cyberark Software LTD. Cmn | +0.4% | +161.81% | 加碼 |
| 3 | RKT | Rocket Cos Inc-class A | +0.2% | +27.24% | 加碼 |
| 4 | ABBV | Abbvie Inc | +0.2% | +41.34% | 加碼 |
| 5 | COF | Capital One Financial CORP | +0.2% | +41.08% | 加碼 |
| 6 | GOOGL | Alphabet Inc-cl A | +0.1% | +21.34% | 加碼 |
| 7 | CDE | Coeur Mining Inc | +0.1% | +22.09% | 加碼 |
| 8 | XPO | Xpo Inc | +0.1% | +155.21% | 加碼 |
| 9 | TLT | iShares 20+ Year Treasury Bond ETF | +0.1% | +50.00% | 加碼 |
| 10 | RBLX | Roblox CORP -class A | +0.1% | +277.77% | 加碼 |
| 11 | SPOT | Spotify Technology S.A. | +0.1% | — | 加碼 |
| 12 | HBAN | Huntington Bancshares Inc | +0.1% | +5.39% | 加碼 |
| 13 | SAIA | Saia Inc | +0.1% | — | 加碼 |
| 14 | ORCL | Oracle CORP | +0.1% | -6.51% | 加碼 |
| 15 | HAS | Hasbro Inc | +0.1% | +1.44% | 加碼 |
| 16 | IQV | Iqvia Holdings Inc | +0.1% | +3086.95% | 加碼 |
| 17 | SN | SharkNinja, Inc. | +0.1% | -10.67% | 加碼 |
| 18 | MLI | Mueller Industries Inc | +0.1% | +9.08% | 加碼 |
| 19 | IBM | Intl Business Machines CORP | +0.1% | +1412220.00% | 加碼 |
| 20 | ✓ | Fact Ii Acquisition CORP | +0.1% | — | 加碼 |
| 21 | ADI | Analog Devices Inc | 0% | +34.50% | 加碼 |
| 22 | MSFT | Microsoft CORP | 0% | +4.00% | 加碼 |
| 23 | SNOW | Snowflake Inc | 0% | +4.31% | 加碼 |
| 24 | ICE | Intercontinental Exchange In | 0% | +49.57% | 加碼 |
| 25 | DIS | Walt Disney Co/the | 0% | -0.44% | 加碼 |
| 26 | AVGO | Broadcom Inc | 0% | -3.78% | 減碼 |
| 27 | DHI | Dr Horton Inc | 0% | +31.54% | 加碼 |
| 28 | NFLX | Netflix Inc | — | -10.04% | 加碼 |
| 29 | NVDA | Nvidia CORP | 0% | -12.67% | 加碼 |
| 30 | BA | Boeing Co/the | 0% | +41.89% | 加碼 |
| 31 | PFGC | Performance Food Group Co | 0% | +33.15% | 加碼 |
| 32 | URI | United Rentals Inc | 0% | +13.33% | 加碼 |
| 33 | PWR | Quanta Services Inc | 0% | -15.96% | 加碼 |
| 34 | KKR | Kkr & Co Inc | -0.1% | +7.71% | 加碼 |
| 35 | BAC | Bank Of America CORP | -0.1% | +4.98% | 加碼 |
| 36 | SCHW | Schwab (charles) CORP | -0.1% | +1.69% | 加碼 |
| 37 | BRBR | Bellring Brands Inc | -0.2% | -55.71% | 減碼 |
| 38 | BMY | Bristol-myers Squibb Co | -0.2% | — | 減碼 |
| 39 | AAPL | Apple Inc | -0.3% | +19.07% | 加碼 |
| 40 | TEAM | Atlassian Corp-cl A | -0.3% | — | 減碼 |
| 41 | PG | Procter & Gamble Co/the | -0.3% | -40.05% | 減碼 |
| 42 | TWLO | Twilio Inc - A | -0.3% | -99.99% | 減碼 |
| 43 | CHWY | Chewy Inc - Class A | -0.3% | -29.89% | 減碼 |
| 44 | ✓ | Hcm Ii Acquisition CORP | -0.3% | -95.53% | 減碼 |
| 45 | LPLA | Lpl Financial Holdings Inc | -0.4% | -97.32% | 減碼 |
| 46 | WFC | Wells Fargo & Co | -0.4% | -85.06% | 減碼 |
| 47 | SPLV | Invesco S&p 500 Low Volatili | -0.5% | +9457.94% | 減碼 |
| 48 | TLT | iShares 20+ Year Treasury Bond ETF | -5.3% | +50.00% | 加碼 |
| 49 | RY | Royal Bank Of Canada | — | NEW | 新建倉 |
| 50 | ✓ | Invesco Qqq Trust | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Picton Mahoney Asset Management 在 Q3 2025 季度的美股持倉總市值約為 US$135.2億，共申報了 1069 個公開持股部位。
在 Q3 2025 季度，Picton Mahoney Asset Management 按市值排列的前三大核心持股分別為：TLT (11.0%)、TLT (11.0%)、RY (3.4%)。其中最大持股部位 TLT 佔據整體投資組合約 11.0% 的權重。
在 Q3 2025 季度中，Picton Mahoney Asset Management 共進行了 200 項持倉異動，包含新建倉 105 個部位、加碼 37 個部位、減碼 11 個部位以及清倉 47 個部位。 其中最大新建倉標的為 RY。 本季清倉部位包含 INVESCO QQQ TRUST。
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。
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。
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。