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: 0001856103
申報總市值
US$9.4億
US$9.4億
94 檔
21.0%
Pinnbrook Capital Management LP 在 Q4 2025 季度的美股部位總計估值為 US$9.4億，分散於 94 個持倉標的之中，反映其市場參與廣度與投資規模。
數據顯示 Pinnbrook Capital Management LP 於 Q4 2025 季度持續回收資金，對 33 個既有部位進行裁減並清倉 70 個標的，組合整體流動性比重有所上升。
在資產配置集中度方面，Pinnbrook Capital Management LP 的前 5 大核心持股（包含 TLT, SMH, TSM 等）合計佔整體申報市值的 21.0%，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 | TLT | Ishares 20+ Year Treasury Bd | ETF-政府公債 | 15.73% | — | — | |
| 2 | SMH | Vaneck Semiconductor ETF | ETF-其他 | 3.18% | -5.54% | EXIT | |
| 3 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 3.04% | +3.31% | NEW | |
| 4 | AMZN | Amazon.com Inc | 股票-循環性消費 | 3.00% | +1.67% | NEW | |
| 5 | EWZ | Ishares Msci Brazil ETF | ETF-其他 | 2.63% | — | +57.87% | |
| 6 | IEF | Ishares 7-10 Year Treasury B | ETF-政府公債 | 2.60% | — | — | |
| 7 | FCX | Freeport-mcmoran Inc | 股票-原物料 | 2.34% | — | — | |
| 8 | NU | Nu Holdings Ltd. | 股票-金融 | 2.29% | — | — | |
| 9 | MDB | Mongodb Inc | 股票-科技 | 2.22% | — | +160.66% | |
| 10 | AA | Alcoa CORP | 股票-原物料 | 2.14% | -4.32% | EXIT | |
| 11 | WDC | Western Digital CORP | 股票-科技 | 1.91% | -10.16% | +14.47% | |
| 12 | MU | Micron Technology Inc | 股票-科技 | 1.91% | +2.01% | NEW | |
| 13 | CHRW | C.h. Robinson Worldwide Inc | 股票-工業 | 1.89% | — | -84.53% | |
| 14 | NVDA | Nvidia CORP | 股票-科技 | 1.87% | — | -8.64% | |
| 15 | LITE | Lumentum Holdings Inc | 股票-科技 | 1.80% | -1.53% | — | |
| 16 | RBC | RBC Bearings Inc | 股票-工業 | 1.65% | — | +911.32% | |
| 17 | XLV | Ss Health Care Select Sector | ETF-其他 | 1.65% | — | — | |
| 18 | AME | Ametek Inc | 股票-工業 | 1.50% | — | — | |
| 19 | CX | Cemex Sab-spons Adr Part Cer | 股票-其他 | 1.49% | -1.04% | EXIT | |
| 20 | CRS | Carpenter Technology | 股票-工業 | 1.47% | -0.56% | EXIT | |
| 21 | EMBJ | Embraer Sa-spon Adr | 股票-工業 | 1.42% | -0.44% | +72.26% | |
| 22 | DHR | Danaher CORP | 股票-醫療保健 | 1.39% | — | — | |
| 23 | CCL1EUR | Carnival CORP LTD | 股票-循環性消費 | 1.37% | — | -32.88% | |
| 24 | NTRA | Natera Inc | 股票-醫療保健 | 1.34% | +2.01% | NEW | |
| 25 | CRWV | Coreweave Inc-cl A | 股票-科技 | 1.28% | — | — | |
| 26 | MKSI | Mks Inc | 股票-科技 | 1.24% | +0.60% | NEW | |
| 27 | MS | Morgan Stanley | 股票-金融 | 1.16% | +0.10% | NEW | |
| 28 | RAL | Ralliant CORP | 股票-科技 | 1.10% | — | — | |
| 29 | WWD | Woodward Inc | 股票-工業 | 1.08% | — | +218.60% | |
| 30 | WAB | Wabtec CORP | 股票-工業 | 1.08% | +1.47% | — | |
| 31 | LIN | Linde plc | 股票-原物料 | 1.05% | -1.31% | EXIT | |
| 32 | PEP | Pepsico Inc | 股票-非循環性消費 | 1.05% | — | — | |
| 33 | RTX | Rtx CORP | 股票-工業 | 1.03% | — | — | |
| 34 | TSLA | Tesla Inc | 股票-循環性消費 | 1.00% | — | -63.88% | |
| 35 | CSCO | Cisco Systems Inc | 股票-科技 | 0.98% | — | — | |
| 36 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 0.96% | +0.97% | NEW | |
| 37 | PH | Parker Hannifin CORP | 股票-工業 | 0.89% | — | — | |
| 38 | GIL | Gildan Activewear Inc | 股票-循環性消費 | 0.83% | — | — | |
| 39 | MTZ | Mastec Inc | 股票-工業 | 0.80% | -1.82% | -35.52% | |
| 40 | HWM | Howmet Aerospace Inc | 股票-工業 | 0.71% | +0.95% | NEW | |
| 41 | CRH | CRH plc | 股票-原物料 | 0.71% | — | +57.36% | |
| 42 | EAT | Brinker International Inc | 股票-循環性消費 | 0.71% | — | -76.96% | |
| 43 | HUT | Hut 8 CORP | 股票-金融 | 0.70% | +1.48% | NEW | |
| 44 | C | Citigroup Inc | 股票-金融 | 0.68% | +0.20% | NEW | |
| 45 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 0.67% | — | — | |
| 46 | SPHR | Sphere Entertainment Co | 股票-通訊服務 | 0.66% | -0.37% | +1.51% | |
| 47 | SPGI | S&p Global Inc | 股票-金融 | 0.64% | — | — | |
| 48 | TJX | Tjx Companies Inc | 股票-循環性消費 | 0.64% | -0.81% | EXIT | |
| 49 | CIEN | Ciena CORP | 股票-科技 | 0.63% | -2.38% | — | |
| 50 | FIVE | Five Below | 股票-循環性消費 | 0.58% | -0.67% | EXIT |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | TSM | Taiwan Semiconductor-sp Adr | +2.6% | +377.33% | 加碼 |
| 2 | AMZN | Amazon.com Inc | +2% | +127.44% | 加碼 |
| 3 | MU | Micron Technology Inc | +1.7% | +427.89% | 加碼 |
| 4 | MDB | Mongodb Inc | +1.7% | +160.66% | 加碼 |
| 5 | RBC | RBC Bearings Inc | +1.5% | +911.32% | 加碼 |
| 6 | EWZ | Ishares Msci Brazil ETF | +1.3% | +57.87% | 加碼 |
| 7 | WDC | Western Digital CORP | +1% | +14.47% | 加碼 |
| 8 | CRS | Carpenter Technology | +0.9% | +72.10% | 加碼 |
| 9 | WWD | Woodward Inc | +0.9% | +218.60% | 加碼 |
| 10 | EMBJ | Embraer Sa-spon Adr | +0.8% | +72.26% | 加碼 |
| 11 | NTRA | Natera Inc | +0.7% | +16.62% | 加碼 |
| 12 | GOOGL | Alphabet Inc-cl A | +0.5% | +39.37% | 加碼 |
| 13 | CRH | CRH plc | +0.4% | +57.36% | 加碼 |
| 14 | TJX | Tjx Companies Inc | +0.3% | +59.95% | 加碼 |
| 15 | SPHR | Sphere Entertainment Co | +0.3% | +1.51% | 加碼 |
| 16 | NVDA | Nvidia CORP | +0.3% | -8.64% | 減碼 |
| 17 | MRK | Merck & Co. Inc. | +0.2% | +95.22% | 加碼 |
| 18 | WBS | Webster Financial CORP | +0.2% | +43.39% | 加碼 |
| 19 | HAS | Hasbro Inc | +0.2% | +20.95% | 加碼 |
| 20 | HUT | Hut 8 CORP | +0.2% | -14.27% | 減碼 |
| 21 | RDDT | Reddit Inc-cl A | +0.1% | +4.91% | 加碼 |
| 22 | FTI | TechnipFMC plc | 0% | -26.76% | 減碼 |
| 23 | BAC | Bank Of America CORP | 0% | -22.23% | 減碼 |
| 24 | HWM | Howmet Aerospace Inc | — | -24.24% | 減碼 |
| 25 | VIK | Viking Holdings Ltd | -0.1% | -38.28% | 減碼 |
| 26 | SHOP | Shopify Inc - Class A | -0.1% | -41.81% | 減碼 |
| 27 | IQV | Iqvia Holdings Inc | -0.1% | -47.01% | 減碼 |
| 28 | WPM | Wheaton Precious Metals CORP | -0.1% | -49.64% | 減碼 |
| 29 | CCL1EUR | Carnival CORP LTD | -0.2% | -32.88% | 減碼 |
| 30 | MTZ | Mastec Inc | -0.2% | -35.52% | 減碼 |
| 31 | AAPL | Apple Inc | -0.3% | -51.46% | 減碼 |
| 32 | FIX | Comfort Systems USA Inc | -0.3% | -69.91% | 減碼 |
| 33 | PLTR | Palantir Technologies Inc-a | -0.3% | -85.80% | 減碼 |
| 34 | RKT | Rocket Cos Inc-class A | -0.4% | -65.29% | 減碼 |
| 35 | DASH | Doordash Inc - A | -0.4% | -65.61% | 減碼 |
| 36 | TTWO | Take-two Interactive Softwre | -0.4% | -77.74% | 減碼 |
| 37 | CW | Curtiss-wright CORP | -0.4% | -56.08% | 減碼 |
| 38 | SF | Stifel Financial CORP | -0.4% | -69.58% | 減碼 |
| 39 | BWXT | Bwx Technologies Inc | -0.4% | -59.30% | 減碼 |
| 40 | W | Wayfair Inc- Class A | -0.5% | -76.06% | 減碼 |
| 41 | TEVA | Teva Pharmaceutical-sp Adr | -0.5% | -76.26% | 減碼 |
| 42 | CLS | Celestica Inc | -0.5% | -71.88% | 減碼 |
| 43 | CCJ | Cameco CORP | -0.6% | -75.89% | 減碼 |
| 44 | BIDU | Baidu Inc - Spon Adr | -0.7% | -94.63% | 減碼 |
| 45 | SGI | Somnigroup International Inc | -0.8% | -75.08% | 減碼 |
| 46 | AVGO | Broadcom Inc | -1% | -83.79% | 減碼 |
| 47 | TSLA | Tesla Inc | -1.2% | -63.88% | 減碼 |
| 48 | SPOT | Spotify Technology S.A. | -1.3% | -95.16% | 減碼 |
| 49 | EAT | Brinker International Inc | -1.4% | -76.96% | 減碼 |
| 50 | GEV | GE Vernova Inc | -3.2% | -94.58% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Pinnbrook Capital Management LP 在 Q4 2025 季度的美股持倉總市值約為 US$9.4億，共申報了 94 個公開持股部位。
在 Q4 2025 季度，Pinnbrook Capital Management LP 按市值排列的前三大核心持股分別為：TLT (15.7%)、SMH (3.2%)、TSM (3.0%)。其中最大持股部位 TLT 佔據整體投資組合約 15.7% 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
TLT
市值: US$1.1億
本季最大獲利了結 / 清倉標的
ORCL
前期市值: US$3218.1萬
在 Q4 2025 季度中，Pinnbrook Capital Management LP 共進行了 164 項持倉異動，包含新建倉 42 個部位、加碼 19 個部位、減碼 33 個部位以及清倉 70 個部位。 其中最大新建倉標的為 TLT。 本季清倉部位包含 ORCL。
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。