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: 0001804352
申報總市值
US$4.0億
US$4.0億
74 檔
59.0%
在 Q2 2025 申報期間，Ping Capital Management, Inc.（CIK: 0001804352）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$4.0億，共持有 74 個公開申報部位。
觀察 Q2 2025 的資金脈絡，Ping Capital Management, Inc. 在獲利結算 14 檔個股的同時，將資本重新部署至 8 檔新選標的，展現主動管理機構的輪動節奏。
在資產配置集中度方面，Ping Capital Management, Inc. 的前 5 大核心持股（包含 INVESCO QQQ TRUST, YPF, AAPL 等）合計佔整體申報市值的 59.0%，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 | ✓ | Invesco Qqq Trust | 股票-其他 | 24.39% | -9.10% | EXIT | |
| 2 | YPF | Ypf S.a.-sponsored Adr | 股票-其他 | 11.34% | +0.09% | +88.91% | |
| 3 | AAPL | Apple Inc. | 股票-科技 | 10.86% | -1.25% | EXIT | |
| 4 | GOOG | Alphabet Inc. | 股票-通訊服務 | 6.30% | -1.56% | EXIT | |
| 5 | GGAL | Grupo Financiero Galicia-adr | 股票-其他 | 4.67% | +3.45% | -0.08% | |
| 6 | ✓ | Spdr S&P 500 Etf Tr Put Option | ETF-大型股與成長 | 4.50% | -3.99% | EXIT | |
| 7 | KWEB | Kranesh Csi China Internet | ETF-新興市場 | 3.68% | +0.32% | -4.72% | |
| 8 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 3.03% | +6.43% | +30.64% | |
| 9 | BBAR | Bbva Argentina Sa-adr | 股票-其他 | 2.99% | +0.35% | +6.51% | |
| 10 | ✓ | Invesco QQQ Tr Put Option 06/2 | 股票-其他 | 2.12% | — | +26.40% | |
| 11 | BMA | Banco Macro Sa-adr | 股票-其他 | 2.07% | +0.15% | -7.14% | |
| 12 | MSFT | Microsoft Corporation | 股票-科技 | 2.05% | -5.06% | EXIT | |
| 13 | EWZ | Ishares Msci Brazil ETF | ETF-其他 | 1.87% | -0.42% | +42.90% | |
| 14 | UNH | UnitedHealth Group Incorporated | 股票-醫療保健 | 1.75% | -0.56% | EXIT | |
| 15 | MCHX | Marchex, Inc. | 股票-其他 | 1.37% | -0.16% | EXIT | |
| 16 | PAM | Pampa Energia Sa-spon Adr | 股票-其他 | 1.29% | -0.78% | +74.90% | |
| 17 | EWW | Ishares Msci Mexico ETF | ETF-其他 | 1.06% | — | +205.53% | |
| 18 | AAPL | Apple Inc | 股票-科技 | 0.85% | +1.64% | — | |
| 19 | PBR | Petroleo Brasileiro-spon Adr | 股票-能源 | 0.72% | -0.22% | +179.76% | |
| 20 | XOP | Ss Spdr S&p Og Exp & Prod | ETF-其他 | 0.67% | — | +120.00% | |
| 21 | CHAU | Dd Csi 300 Ch A Sb 2x Etf-us | ETF-其他 | 0.67% | — | +120.00% | |
| 22 | FXI | Ishares China Large-cap ETF | ETF-新興市場 | 0.63% | -0.34% | -54.25% | |
| 23 | YINN | Direxion Dly Ftse Ch Bl3x-ui | ETF-其他 | 0.57% | -0.15% | +1040.00% | |
| 24 | ASHR | Xtrackers Harvest CSI 300 China A-Shares ETF | ETF-新興市場 | 0.48% | — | -21.04% | |
| 25 | SUPV | Grupo Supervielle Sa-sp Adr | 股票-其他 | 0.47% | -0.15% | +52.31% | |
| 26 | CRESY | Cresud S.a.-spons Adr | 股票-其他 | 0.42% | -0.06% | +0.19% | |
| 27 | TSLA | Tesla, Inc. | 股票-循環性消費 | 0.41% | -0.20% | EXIT | |
| 28 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 0.39% | +0.67% | -12.79% | |
| 29 | SMHC | VanEck China Semiconductor ETF | ETF-新興市場 | 0.39% | — | — | |
| 30 | VIST | Vista Energy Sab De Cv | 股票-其他 | 0.39% | -0.20% | +12.29% | |
| 31 | LOMA | Loma Negra Cia Ind-spon Adr | 股票-其他 | 0.37% | -0.01% | +3.73% | |
| 32 | TGS | Transportador Gas-adr Sp B | 股票-其他 | 0.37% | +0.03% | +7.93% | |
| 33 | BA | The Boeing Company | 股票-工業 | 0.36% | — | +169.23% | |
| 34 | ✓ | Ishares Tr | 股票-其他 | 0.35% | -0.47% | EXIT | |
| 35 | CEPU | Central Puerto-sponsored Adr | 股票-其他 | 0.34% | -0.07% | +29.35% | |
| 36 | VOO | Vanguard S&P 500 ETF | ETF-大型股與成長 | 0.32% | -1.23% | EXIT | |
| 37 | XLE | Ss Energy Select Sector | ETF-其他 | 0.31% | — | — | |
| 38 | IRS | Irsa -sp Adr | 股票-其他 | 0.29% | -0.12% | -4.43% | |
| 39 | JEPQ | JPM Nasdaq Equity Premium | ETF-科技型 | 0.29% | +0.33% | NEW | |
| 40 | VALE | Vale Sa-sp Adr | 股票-原物料 | 0.28% | -0.03% | +76.18% | |
| 41 | KBAB | KraneShares 2x Long BABA Daily ETF | ETF-其他 | 0.25% | -0.24% | EXIT | |
| 42 | ALB | Albemarle CORP | 股票-原物料 | 0.25% | -0.13% | EXIT | |
| 43 | IBB | Ishares Biotechnology ETF | ETF-科技型 | 0.25% | — | +14.29% | |
| 44 | NVDA | NVIDIA Corporation | 股票-科技 | 0.25% | -0.46% | EXIT | |
| 45 | ✓ | Adeco Agro | 股票-其他 | 0.22% | +0.12% | -6.28% | |
| 46 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 0.21% | +1.60% | +21.95% | |
| 47 | DIS | Walt Disney Co/the | 股票-通訊服務 | 0.21% | -0.03% | -12.50% | |
| 48 | ✓ | Amazon Com Inc | 股票-其他 | 0.20% | -0.16% | EXIT | |
| 49 | TSLA | Tesla, Inc. | 股票-循環性消費 | 0.19% | -1.42% | EXIT | |
| 50 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.18% | +0.10% | +23.81% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | ✓ | Invesco Qqq Trust | +17.2% | +339.95% | 加碼 |
| 2 | AAPL | Apple Inc. | +4.4% | +177.91% | 加碼 |
| 3 | GOOG | Alphabet Inc. | +2.3% | +109.10% | 加碼 |
| 4 | UNH | UnitedHealth Group Incorporated | +1.6% | +2200.00% | 加碼 |
| 5 | MSFT | Microsoft Corporation | +1.2% | +181.67% | 加碼 |
| 6 | YPF | Ypf S.a.-sponsored Adr | +1.2% | +88.91% | 加碼 |
| 7 | AAPL | Apple Inc | +0.9% | NEW | 新建倉 |
| 8 | EWW | Ishares Msci Mexico ETF | +0.6% | +205.53% | 加碼 |
| 9 | YINN | Direxion Dly Ftse Ch Bl3x-ui | +0.5% | +1040.00% | 加碼 |
| 10 | SMHC | VanEck China Semiconductor ETF | +0.4% | NEW | 新建倉 |
| 11 | XLE | Ss Energy Select Sector | +0.3% | NEW | 新建倉 |
| 12 | JEPQ | JPM Nasdaq Equity Premium | +0.3% | NEW | 新建倉 |
| 13 | PBR | Petroleo Brasileiro-spon Adr | +0.3% | +179.76% | 加碼 |
| 14 | KBAB | KraneShares 2x Long BABA Daily ETF | +0.3% | NEW | 新建倉 |
| 15 | CHAU | Dd Csi 300 Ch A Sb 2x Etf-us | +0.2% | +120.00% | 加碼 |
| 16 | BA | The Boeing Company | +0.2% | +169.23% | 加碼 |
| 17 | XOP | Ss Spdr S&p Og Exp & Prod | +0.2% | +120.00% | 加碼 |
| 18 | AMD | Advanced Micro Devices, Inc. | +0.2% | NEW | 新建倉 |
| 19 | XLV | Ss Health Care Select Sector | +0.1% | NEW | 新建倉 |
| 20 | BP | Bp Plc-spons Adr | +0.1% | NEW | 新建倉 |
| 21 | EWZ | Ishares Msci Brazil ETF | +0.1% | +42.90% | 加碼 |
| 22 | ALB | Albemarle CORP | +0.1% | +124.66% | 加碼 |
| 23 | ✓ | Ishares Tr | +0.1% | +65.00% | 加碼 |
| 24 | PAM | Pampa Energia Sa-spon Adr | 0% | +74.90% | 加碼 |
| 25 | VALE | Vale Sa-sp Adr | 0% | +76.18% | 加碼 |
| 26 | QQQ | Invesco Qqq Trust Series 1 | 0% | +30.64% | 加碼 |
| 27 | ✓ | Invesco QQQ Tr Put Option 06/2 | -0.1% | +26.40% | 加碼 |
| 28 | JD | Jd.com Inc-adr | -0.2% | EXIT | 清倉 |
| 29 | BABA | Alibaba Group Holding-sp Adr | -0.2% | EXIT | 清倉 |
| 30 | VIPS | Vipshop Holdings LTD - Adr | -0.2% | EXIT | 清倉 |
| 31 | BILI | Bilibili Inc-sponsored Adr | -0.3% | EXIT | 清倉 |
| 32 | BEKE | Ke Holdings Inc-adr | -0.3% | EXIT | 清倉 |
| 33 | APA | Apa CORP | -0.3% | EXIT | 清倉 |
| 34 | BA | The Boeing Company | -0.3% | EXIT | 清倉 |
| 35 | BA | Boeing Co/the | -0.3% | EXIT | 清倉 |
| 36 | PDD | Pdd Holdings Inc | -0.4% | EXIT | 清倉 |
| 37 | ASHR | Xtrackers Harvest CSI 300 China A-Shares ETF | -0.4% | -21.04% | 減碼 |
| 38 | OXY | Occidental Petroleum CORP | -0.5% | EXIT | 清倉 |
| 39 | BIDU | Baidu Inc - Spon Adr | -0.5% | EXIT | 清倉 |
| 40 | LI | Li Auto Inc - Adr | -0.5% | EXIT | 清倉 |
| 41 | SPY | State Street SPDR S&P 500 ETF Trust | -0.6% | EXIT | 清倉 |
| 42 | SPY | Ss Spdr S&p 500 ETF Trust-us | -0.6% | EXIT | 清倉 |
| 43 | VOO | Vanguard S&P 500 ETF | -0.8% | -71.43% | 減碼 |
| 44 | FXI | Ishares China Large-cap ETF | -1.4% | -54.25% | 減碼 |
| 45 | TSLA | Tesla, Inc. | -1.4% | -85.63% | 減碼 |
| 46 | BMA | Banco Macro Sa-adr | -1.6% | -7.14% | 減碼 |
| 47 | KWEB | Kranesh Csi China Internet | -2.3% | -4.72% | 減碼 |
| 48 | ✓ | Spdr S&P 500 Etf Tr Put Option | -2.6% | -12.57% | 減碼 |
| 49 | GGAL | Grupo Financiero Galicia-adr | -3% | -0.08% | 減碼 |
| 50 | MCHX | Marchex, Inc. | -8.5% | -77.10% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Ping Capital Management, Inc. 在 Q2 2025 季度的美股持倉總市值約為 US$4.0億，共申報了 74 個公開持股部位。
在 Q2 2025 季度，Ping Capital Management, Inc. 按市值排列的前三大核心持股分別為：INVESCO QQQ TRUST (24.4%)、YPF (11.3%)、AAPL (10.9%)。其中最大持股部位 INVESCO QQQ TRUST 佔據整體投資組合約 24.4% 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
AAPL
市值: US$350.8萬
本季最大獲利了結 / 清倉標的
SPY
前期市值: US$173.4萬
在 Q2 2025 季度中，Ping Capital Management, Inc. 共進行了 50 項持倉異動，包含新建倉 8 個部位、加碼 19 個部位、減碼 9 個部位以及清倉 14 個部位。 其中最大新建倉標的為 AAPL。 本季清倉部位包含 SPY。
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。