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
72 檔
41.3%
Q3 2025 季度申報顯示，Ping Capital Management, Inc. 揭露的美股組合總市值為 US$4.0億，涵蓋 72 個不同之權益投資部位。
Ping Capital Management, Inc. 在 Q3 2025 進行了結構性的板塊輪動與部位換股。在開立 4 個全新部位及加碼 20 檔持股的同時，亦同步清倉 13 檔並減碼 13 檔標的。
整體而言，Ping Capital Management, Inc. 的前 5 大持股（包含 INVESCO QQQ TRUST, YPF, Spdr S&P 500 Etf Tr Put Option）貢獻了組合市值的 41.3%，形成該機構在 Q3 2025 季度的基本面基石。
| # | 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 | 23.34% | -9.10% | EXIT | |
| 2 | YPF | Ypf S.a.-sponsored Adr | 股票-其他 | 16.65% | +0.09% | +36.08% | |
| 3 | ✓ | Spdr S&P 500 Etf Tr Put Option | ETF-大型股與成長 | 6.75% | -3.99% | EXIT | |
| 4 | PAM | Pampa Energia Sa-spon Adr | 股票-其他 | 4.94% | -0.78% | +217.59% | |
| 5 | ✓ | Invesco QQQ Tr Put Option 06/2 | 股票-其他 | 4.63% | — | +43.67% | |
| 6 | GGAL | Grupo Financiero Galicia-adr | 股票-其他 | 3.82% | +3.45% | +7.13% | |
| 7 | KWEB | Kranesh Csi China Internet | ETF-新興市場 | 3.21% | +0.32% | -48.86% | |
| 8 | BBAR | Bbva Argentina Sa-adr | 股票-其他 | 2.97% | +0.35% | +40.84% | |
| 9 | EWZ | Ishares Msci Brazil ETF | ETF-其他 | 2.58% | -0.42% | -7.90% | |
| 10 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 2.31% | +6.43% | -50.00% | |
| 11 | BMA | Banco Macro Sa-adr | 股票-其他 | 1.77% | +0.15% | +1.74% | |
| 12 | XOP | Ss Spdr S&p Og Exp & Prod | ETF-其他 | 1.48% | — | +50.00% | |
| 13 | VIST | Vista Energy Sab De Cv | 股票-其他 | 1.45% | -0.20% | +266.57% | |
| 14 | AAPL | Apple Inc. | 股票-科技 | 1.31% | -1.25% | EXIT | |
| 15 | CHAU | Dd Csi 300 Ch A Sb 2x Etf-us | ETF-其他 | 1.22% | — | -7.49% | |
| 16 | MSFT | Microsoft Corporation | 股票-科技 | 1.16% | -5.06% | EXIT | |
| 17 | AAPL | Apple Inc | 股票-科技 | 1.16% | +1.64% | -21.64% | |
| 18 | PBR | Petroleo Brasileiro-spon Adr | 股票-能源 | 1.15% | -0.22% | +14.04% | |
| 19 | YINN | Direxion Dly Ftse Ch Bl3x-ui | ETF-其他 | 1.07% | -0.15% | +1.75% | |
| 20 | FXI | Ishares China Large-cap ETF | ETF-新興市場 | 0.98% | -0.34% | — | |
| 21 | MCHX | Marchex, Inc. | 股票-其他 | 0.95% | -0.16% | EXIT | |
| 22 | TMF | Dir Dly 20+yr Tr Bl3x Etf-ui | ETF-其他 | 0.94% | -0.04% | — | |
| 23 | TSLA | Tesla, Inc. | 股票-循環性消費 | 0.76% | -0.20% | EXIT | |
| 24 | TGS | Transportador Gas-adr Sp B | 股票-其他 | 0.73% | +0.03% | +75.56% | |
| 25 | JEPQ | JPM Nasdaq Equity Premium | ETF-科技型 | 0.66% | +0.33% | NEW | |
| 26 | UNH | UnitedHealth Group Incorporated | 股票-醫療保健 | 0.65% | -0.56% | EXIT | |
| 27 | VOO | Vanguard S&P 500 ETF | ETF-大型股與成長 | 0.60% | -1.23% | EXIT | |
| 28 | SUPV | Grupo Supervielle Sa-sp Adr | 股票-其他 | 0.58% | -0.15% | +86.92% | |
| 29 | ✓ | Amazon Com Inc | 股票-其他 | 0.57% | -0.16% | EXIT | |
| 30 | ✓ | Ishares Tr | 股票-其他 | 0.53% | -0.47% | EXIT | |
| 31 | NVDA | NVIDIA Corporation | 股票-科技 | 0.52% | -0.46% | EXIT | |
| 32 | VALE | Vale Sa-sp Adr | 股票-原物料 | 0.49% | -0.03% | +10.85% | |
| 33 | XLE | Ss Energy Select Sector | ETF-其他 | 0.46% | — | — | |
| 34 | ALB | Albemarle CORP | 股票-原物料 | 0.44% | -0.13% | EXIT | |
| 35 | CEPU | Central Puerto-sponsored Adr | 股票-其他 | 0.42% | -0.07% | +30.25% | |
| 36 | GOOG | Alphabet Inc. | 股票-通訊服務 | 0.41% | -1.56% | EXIT | |
| 37 | IBB | Ishares Biotechnology ETF | ETF-科技型 | 0.39% | — | — | |
| 38 | LOMA | Loma Negra Cia Ind-spon Adr | 股票-其他 | 0.38% | -0.01% | +8.63% | |
| 39 | CRESY | Cresud S.a.-spons Adr | 股票-其他 | 0.38% | -0.06% | -24.88% | |
| 40 | IRS | Irsa -sp Adr | 股票-其他 | 0.38% | -0.12% | +8.12% | |
| 41 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 0.37% | +0.67% | -40.00% | |
| 42 | BA | The Boeing Company | 股票-工業 | 0.29% | — | -42.86% | |
| 43 | DIS | Walt Disney Co/the | 股票-通訊服務 | 0.29% | -0.03% | +7.14% | |
| 44 | SMHC | VanEck China Semiconductor ETF | ETF-新興市場 | 0.28% | -0.15% | EXIT | |
| 45 | EDN | Emp Distrib Y Comerc Nor-adr | 股票-其他 | 0.27% | +0.82% | +83.94% | |
| 46 | ✓ | Adeco Agro | 股票-其他 | 0.27% | +0.12% | +3.09% | |
| 47 | ✓ | Corporacion Amer Arpts S A | 股票-其他 | 0.24% | -0.12% | +16.18% | |
| 48 | EWW | Ishares Msci Mexico ETF | ETF-其他 | 0.24% | — | -85.79% | |
| 49 | ✓ | J P Morgan Exchange Traded F | 股票-其他 | 0.20% | — | — | |
| 50 | XLV | Ss Health Care Select Sector | ETF-其他 | 0.19% | — | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | ✓ | Invesco Qqq Trust | +16.2% | -37.04% | 加碼 |
| 2 | YPF | Ypf S.a.-sponsored Adr | +6.5% | +36.08% | 加碼 |
| 3 | PAM | Pampa Energia Sa-spon Adr | +3.7% | +217.59% | 加碼 |
| 4 | ✓ | Invesco QQQ Tr Put Option 06/2 | +2.5% | +43.67% | 加碼 |
| 5 | XOP | Ss Spdr S&p Og Exp & Prod | +1% | +50.00% | 加碼 |
| 6 | YINN | Direxion Dly Ftse Ch Bl3x-ui | +1% | +1.75% | 加碼 |
| 7 | VIST | Vista Energy Sab De Cv | +0.9% | +266.57% | 加碼 |
| 8 | EWZ | Ishares Msci Brazil ETF | +0.8% | -7.90% | 加碼 |
| 9 | TMF | Dir Dly 20+yr Tr Bl3x Etf-ui | +0.8% | — | 加碼 |
| 10 | CHAU | Dd Csi 300 Ch A Sb 2x Etf-us | +0.8% | -7.49% | 加碼 |
| 11 | PBR | Petroleo Brasileiro-spon Adr | +0.7% | +14.04% | 加碼 |
| 12 | UNH | UnitedHealth Group Incorporated | +0.5% | -76.09% | 加碼 |
| 13 | ✓ | Amazon Com Inc | +0.4% | +100.00% | 加碼 |
| 14 | MSFT | Microsoft Corporation | +0.3% | -60.95% | 加碼 |
| 15 | ALB | Albemarle CORP | +0.3% | -1.83% | 加碼 |
| 16 | VALE | Vale Sa-sp Adr | +0.2% | +10.85% | 加碼 |
| 17 | ✓ | Ishares Tr | +0.2% | -3.03% | 加碼 |
| 18 | TGS | Transportador Gas-adr Sp B | +0.2% | +75.56% | 加碼 |
| 19 | TSLA | Tesla, Inc. | +0.2% | -5.66% | 減碼 |
| 20 | BA | The Boeing Company | -0.3% | — | 減碼 |
| 21 | CRESY | Cresud S.a.-spons Adr | -0.3% | -24.88% | 減碼 |
| 22 | ✓ | Spdr S&P 500 Etf Tr Put Option | -0.3% | -0.33% | 減碼 |
| 23 | VOO | Vanguard S&P 500 ETF | -0.6% | +14.63% | 減碼 |
| 24 | QQQ | Invesco Qqq Trust Series 1 | -0.7% | -50.00% | 減碼 |
| 25 | FXI | Ishares China Large-cap ETF | -1.1% | — | 減碼 |
| 26 | TSLA | Tesla, Inc. | -1.5% | -70.83% | 減碼 |
| 27 | BBAR | Bbva Argentina Sa-adr | -1.7% | +40.84% | 加碼 |
| 28 | BMA | Banco Macro Sa-adr | -1.9% | +1.74% | 減碼 |
| 29 | KWEB | Kranesh Csi China Internet | -2.8% | -48.86% | 減碼 |
| 30 | GOOG | Alphabet Inc. | -3.6% | -96.60% | 減碼 |
| 31 | GGAL | Grupo Financiero Galicia-adr | -3.9% | +7.13% | 加碼 |
| 32 | AAPL | Apple Inc. | -5.1% | -93.06% | 減碼 |
| 33 | MCHX | Marchex, Inc. | -8.9% | -60.00% | 減碼 |
| 34 | AAPL | Apple Inc | — | NEW | 新建倉 |
| 35 | ASHR | Xtrackers Harvest CSI 300 China A-Shares ETF | — | EXIT | 清倉 |
| 36 | JEPQ | JPM Nasdaq Equity Premium | — | NEW | 新建倉 |
| 37 | SPY | Ss Spdr S&p 500 ETF Trust-us | — | EXIT | 清倉 |
| 38 | SPY | State Street SPDR S&P 500 ETF Trust | — | EXIT | 清倉 |
| 39 | XLE | Ss Energy Select Sector | — | NEW | 新建倉 |
| 40 | BIDU | Baidu Inc - Spon Adr | — | EXIT | 清倉 |
| 41 | LI | Li Auto Inc - Adr | — | EXIT | 清倉 |
| 42 | OXY | Occidental Petroleum CORP | — | EXIT | 清倉 |
| 43 | PDD | Pdd Holdings Inc | — | EXIT | 清倉 |
| 44 | BA | Boeing Co/the | — | EXIT | 清倉 |
| 45 | SMHC | VanEck China Semiconductor ETF | — | NEW | 新建倉 |
| 46 | APA | Apa CORP | — | EXIT | 清倉 |
| 47 | BILI | Bilibili Inc-sponsored Adr | — | EXIT | 清倉 |
| 48 | BEKE | Ke Holdings Inc-adr | — | EXIT | 清倉 |
| 49 | LMT | Lockheed Martin Corporation | — | EXIT | 清倉 |
| 50 | GOOGL | Alphabet Inc-cl A | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Ping Capital Management, Inc. 在 Q3 2025 季度的美股持倉總市值約為 US$4.0億，共申報了 72 個公開持股部位。
在 Q3 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 (23.3%)、YPF (16.6%)、Spdr S&P 500 Etf Tr Put Option (6.8%)。其中最大持股部位 INVESCO QQQ TRUST 佔據整體投資組合約 23.3% 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$341.2萬
本季最大獲利了結 / 清倉標的
ASHR
前期市值: US$239.9萬
在 Q3 2025 季度中，Ping Capital Management, Inc. 共進行了 50 項持倉異動，包含新建倉 4 個部位、加碼 20 個部位、減碼 13 個部位以及清倉 13 個部位。 其中最大新建倉標的為 AAPL。 本季清倉部位包含 ASHR。
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。