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
1180 檔
28.0%
在 Q4 2025 申報期間，Picton Mahoney Asset Management（CIK: 0001539041）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$135.2億，共持有 1180 個公開申報部位。
Picton Mahoney Asset Management 於 Q4 2025 展現出進攻型調倉步調，本季推動了 60 檔股票的新建倉與 61 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，Picton Mahoney Asset Management 的前 5 大核心持股（包含 HYG, LQD, RY 等）合計佔整體申報市值的 28.0%，反映機構在主要關鍵部位上的權重分佈。
僅顯示前 200 大持股（共 1180 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 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-非投資等級債 | 12.38% | -7.47% | +462121.21% | |
| 2 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | ETF-投資等級公司債 | 8.54% | -6.04% | +310559.01% | |
| 3 | RY | Royal Bank Of Canada | 股票-金融 | 3.51% | +1.89% | +2.89% | |
| 4 | TD | Toronto-dominion Bank | 股票-金融 | 2.48% | +1.53% | +4.45% | |
| 5 | SHOP | Shopify Inc - Class A | 股票-科技 | 2.41% | -0.02% | +11.66% | |
| 6 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 2.29% | — | +171428.57% | |
| 7 | IEF | Ishares 7-10 Year Treasury B | ETF-政府公債 | 1.87% | — | +14392.63% | |
| 8 | BN | Brookfield CORP | 股票-金融 | 1.29% | +0.41% | +37.45% | |
| 9 | CP | Canadian Pacific Kansas City | 股票-工業 | 1.29% | +0.37% | +4.92% | |
| 10 | CNQ | Canadian Natural Resources | 股票-能源 | 1.23% | -0.69% | -9.74% | |
| 11 | CLS | Celestica Inc | 股票-科技 | 1.20% | +0.54% | +47.12% | |
| 12 | NVDA | Nvidia CORP | 股票-科技 | 1.16% | +0.11% | +8.88% | |
| 13 | B | Barrick Mining CORP | 股票-原物料 | 1.16% | -0.12% | +117.01% | |
| 14 | FNV | Franco-nevada CORP | 股票-原物料 | 1.01% | -0.16% | +6.68% | |
| 15 | AEM | Agnico Eagle Mines LTD | 股票-原物料 | 1.01% | -0.60% | -24.59% | |
| 16 | ENB | Enbridge Inc | 股票-能源 | 0.99% | +0.24% | -1.41% | |
| 17 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 0.93% | +0.29% | +15.76% | |
| 18 | CVE | Cenovus Energy Inc | 股票-能源 | 0.90% | +0.37% | +6.80% | |
| 19 | TRP | Tc Energy CORP | 股票-能源 | 0.88% | +0.10% | +0.93% | |
| 20 | WCN | Waste Connections Inc | 股票-工業 | 0.87% | +0.17% | +18.68% | |
| 21 | AAPL | Apple Inc | 股票-科技 | 0.87% | +0.01% | -1.72% | |
| 22 | OR | Or Royalties Inc | 股票-其他 | 0.87% | -0.36% | +1.64% | |
| 23 | MSFT | Microsoft CORP | 股票-科技 | 0.85% | — | -14.91% | |
| 24 | RCI | Rogers Communications Inc-b | 股票-其他 | 0.82% | -0.17% | +4.62% | |
| 25 | HBM | Hudbay Minerals Inc | 股票-其他 | 0.78% | +0.25% | -20.73% | |
| 26 | VOE | Vanguard Mid-cap Value ETF | ETF-其他 | 0.75% | — | +34.70% | |
| 27 | WPM | Wheaton Precious Metals CORP | 股票-原物料 | 0.74% | +0.03% | +75.70% | |
| 28 | BSX | Boston Scientific CORP | 股票-醫療保健 | 0.72% | -0.01% | EXIT | |
| 29 | CM | Can Imperial Bk Of Commerce | 股票-金融 | 0.70% | -0.12% | -32.66% | |
| 30 | IAG | Iamgold CORP | 股票-其他 | 0.64% | -0.07% | +29.17% | |
| 31 | BGSI | THE Boyd Group Inc | 股票-其他 | 0.63% | -0.20% | — | |
| 32 | AMZN | Amazon.com Inc | 股票-循環性消費 | 0.61% | +0.08% | +41.11% | |
| 33 | SNOW | Snowflake Inc | 股票-科技 | 0.59% | +1.02% | +247.32% | |
| 34 | EXK | Exact Sciences CORP | 股票-原物料 | 0.55% | — | — | |
| 35 | GIL | Gildan Activewear Inc | 股票-循環性消費 | 0.55% | +0.43% | +7.97% | |
| 36 | ✓ | Cyberark Software LTD. Cmn | 股票-其他 | 0.55% | — | +3.78% | |
| 37 | MFC | Manulife Financial CORP | 股票-金融 | 0.53% | -0.25% | +25.75% | |
| 38 | BIP | Brookfield Infrastructure Partners L.P. | 股票-公用事業 | 0.50% | +0.06% | +4.18% | |
| 39 | DAY | Dayforce Inc | 股票-其他 | 0.50% | — | — | |
| 40 | AVGO | Broadcom Inc | 股票-科技 | 0.49% | +0.20% | -8.36% | |
| 41 | RNAGBP | Avidity Biosciences Inc | 股票-其他 | 0.47% | — | — | |
| 42 | DASH | Doordash Inc - A | 股票-循環性消費 | 0.45% | +0.03% | +205.31% | |
| 43 | EA | Electronic Arts Inc | 股票-通訊服務 | 0.45% | -0.02% | +276.67% | |
| 44 | CIGI | Colliers Intl Gr-subord Vot | 股票-其他 | 0.43% | — | NEW | |
| 45 | ZG | Zillow Group Inc - A | 股票-通訊服務 | 0.41% | — | — | |
| 46 | DOO | Brp Inc/ca- Sub Voting | 股票-其他 | 0.38% | -0.14% | +116.64% | |
| 47 | FSV | Firstservice CORP | 股票-其他 | 0.37% | +0.10% | -7.35% | |
| 48 | TECK | Teck Resources Ltd-cls B | 股票-原物料 | 0.37% | -0.31% | -11.29% | |
| 49 | BCE | Bce Inc | 股票-通訊服務 | 0.36% | +0.06% | +234.29% | |
| 50 | BEP | Brookfield Renewable Partners L.P. | 股票-其他 | 0.35% | +0.12% | +56.81% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | +12.4% | +462121.21% | 加碼 |
| 2 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | +8.5% | +310559.01% | 加碼 |
| 3 | IWM | Ishares Russell 2000 ETF | +2.3% | +171428.57% | 加碼 |
| 4 | IEF | Ishares 7-10 Year Treasury B | +1.9% | +14392.63% | 加碼 |
| 5 | B | Barrick Mining CORP | +0.7% | +117.01% | 加碼 |
| 6 | BSX | Boston Scientific CORP | +0.4% | +185.18% | 加碼 |
| 7 | CLS | Celestica Inc | +0.4% | +47.12% | 加碼 |
| 8 | SNOW | Snowflake Inc | +0.4% | +247.32% | 加碼 |
| 9 | EA | Electronic Arts Inc | +0.3% | +276.67% | 加碼 |
| 10 | MGA | Magna International Inc | +0.3% | +1949.23% | 加碼 |
| 11 | HO1 | Hologic Inc | +0.3% | +3580000.00% | 加碼 |
| 12 | WPM | Wheaton Precious Metals CORP | +0.3% | +75.70% | 加碼 |
| 13 | DASH | Doordash Inc - A | +0.2% | +205.31% | 加碼 |
| 14 | BCE | Bce Inc | +0.2% | +234.29% | 加碼 |
| 15 | RSP | Invesco S&p 500 Equal Weight | +0.2% | +1032.52% | 加碼 |
| 16 | AL | Air Lease CORP | +0.2% | +221.36% | 加碼 |
| 17 | GOOGL | Alphabet Inc-cl A | +0.2% | +15.76% | 加碼 |
| 18 | DOO | Brp Inc/ca- Sub Voting | +0.2% | +116.64% | 加碼 |
| 19 | IAG | Iamgold CORP | +0.2% | +29.17% | 加碼 |
| 20 | LLY | Eli Lilly & Co | +0.1% | +41.43% | 加碼 |
| 21 | ORCL | Oracle CORP | +0.1% | +219.64% | 加碼 |
| 22 | TD | Toronto-dominion Bank | +0.1% | +4.45% | 加碼 |
| 23 | AMZN | Amazon.com Inc | +0.1% | +41.11% | 加碼 |
| 24 | VOE | Vanguard Mid-cap Value ETF | +0.1% | +34.70% | 加碼 |
| 25 | MFC | Manulife Financial CORP | +0.1% | +25.75% | 加碼 |
| 26 | CNI | Canadian Natl Railway Co | +0.1% | +97.73% | 加碼 |
| 27 | RDNT | Radnet Inc | +0.1% | +100.55% | 加碼 |
| 28 | AQN | Algonquin Power & Utilities | +0.1% | +193.40% | 加碼 |
| 29 | BRZE | Braze Inc-a | +0.1% | +1692.69% | 加碼 |
| 30 | NGDN | New Gold Inc | +0.1% | +2598.54% | 加碼 |
| 31 | BEP | Brookfield Renewable Partners L.P. | +0.1% | +56.81% | 加碼 |
| 32 | TEAM | Atlassian Corp-cl A | +0.1% | +16497.61% | 加碼 |
| 33 | MDT | Medtronic plc | +0.1% | +2834.87% | 加碼 |
| 34 | SHOP | Shopify Inc - Class A | +0.1% | +11.66% | 加碼 |
| 35 | SU | Suncor Energy Inc | +0.1% | +52.20% | 加碼 |
| 36 | LPLA | Lpl Financial Holdings Inc | +0.1% | +1509.68% | 加碼 |
| 37 | NTR | Nutrien LTD | +0.1% | +494.97% | 加碼 |
| 38 | JNJ | Johnson & Johnson | +0.1% | +805071.43% | 加碼 |
| 39 | RY | Royal Bank Of Canada | +0.1% | +2.89% | 加碼 |
| 40 | TSLA | Tesla Inc | +0.1% | +115.43% | 加碼 |
| 41 | RDDT | Reddit Inc-cl A | +0.1% | +136.47% | 加碼 |
| 42 | VLY | Valley National Bancorp | +0.1% | +131.06% | 加碼 |
| 43 | ARES | Ares Management CORP - A | +0.1% | +80.32% | 加碼 |
| 44 | HOOD | Robinhood Markets Inc - A | +0.1% | +186.53% | 加碼 |
| 45 | AKAM | Akamai Technologies Inc | +0.1% | +742.61% | 加碼 |
| 46 | OPLN | Openlane Inc | +0.1% | +3249.16% | 加碼 |
| 47 | TMO | Thermo Fisher Scientific Inc | +0.1% | +29.60% | 加碼 |
| 48 | ELAN | Elanco Animal Health Inc | +0.1% | +80.33% | 加碼 |
| 49 | REGN | Regeneron Pharmaceuticals | +0.1% | +89.24% | 加碼 |
| 50 | JHG | Janus Henderson Group plc | +0.1% | +675.30% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Picton Mahoney Asset Management 在 Q4 2025 季度的美股持倉總市值約為 US$135.2億，共申報了 1180 個公開持股部位。
在 Q4 2025 季度，Picton Mahoney Asset Management 按市值排列的前三大核心持股分別為：HYG (12.4%)、LQD (8.5%)、RY (3.5%)。其中最大持股部位 HYG 佔據整體投資組合約 12.4% 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$8127.8萬
本季最大獲利了結 / 清倉標的
TLT
前期市值: US$12.2億
在 Q4 2025 季度中，Picton Mahoney Asset Management 共進行了 200 項持倉異動，包含新建倉 60 個部位、加碼 61 個部位、減碼 31 個部位以及清倉 48 個部位。 其中最大新建倉標的為 BGSI。 本季清倉部位包含 TLT。
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。