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: 0001316926
申報總市值
US$10.6億
US$10.6億
90 檔
40.9%
在 Q3 2025 申報期間，Polaris Capital Management, LLC（CIK: 0001316926）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$10.6億，共持有 90 個公開申報部位。
從 Q3 2025 申報觀察，Polaris Capital Management, LLC 採取防禦導向的調倉策略，本季減碼 43 檔個股並出清 9 檔部位，顯示機構在該時期進行風險控制與流動性回收。
從部位權重觀察，前 5 大標的（包含 BPOP, VIPS, LIN）累計市值佔比達 40.9%，是驅動 Polaris Capital Management, LLC 該季度整體投資組合績效表現的核心支柱。
| # | 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 | BPOP | Popular Inc | 股票-金融 | 7.40% | +1.07% | -7.59% | |
| 2 | VIPS | Vipshop Holdings LTD - Adr | 股票-循環性消費 | 6.54% | — | -9.39% | |
| 3 | LIN | Linde plc | 股票-原物料 | 5.26% | -0.17% | +0.06% | |
| 4 | SW | Smurfit Westrock Plc | 股票-循環性消費 | 4.87% | +2.67% | -1.99% | |
| 5 | JAZZ | Jazz Pharmaceuticals plc | 股票-醫療保健 | 4.45% | +1.05% | -19.03% | |
| 6 | UTHR | United Therapeutics CORP | 股票-醫療保健 | 3.36% | -1.96% | -4.39% | |
| 7 | MKSI | Mks Inc | 股票-科技 | 3.26% | -2.53% | EXIT | |
| 8 | CVS | Cvs Health CORP | 股票-醫療保健 | 2.99% | +0.52% | +23.71% | |
| 9 | NOMD | Nomad Foods Limited | 股票-其他 | 2.97% | +0.19% | +138.77% | |
| 10 | JPM | Jpmorgan Chase & Co | 股票-金融 | 2.83% | -0.05% | -9.48% | |
| 11 | ARW | Arrow Electronics Inc | 股票-科技 | 2.68% | +0.57% | +19.43% | |
| 12 | SLM | Slm CORP | 股票-金融 | 2.57% | +0.13% | -3.36% | |
| 13 | IBOC | International Bancshares Crp | 股票-其他 | 2.47% | -0.25% | -4.81% | |
| 14 | MPC | Marathon Petroleum CORP | 股票-能源 | 2.46% | -0.86% | +9.28% | |
| 15 | CG | Carlyle Group Inc/the | 股票-金融 | 2.38% | — | -7.82% | |
| 16 | WBS | Webster Financial CORP | 股票-金融 | 2.37% | -0.81% | -2.66% | |
| 17 | GD | General Dynamics CORP | 股票-工業 | 2.33% | -0.78% | -5.80% | |
| 18 | GILD | Gilead Sciences Inc | 股票-醫療保健 | 2.28% | -1.06% | -3.85% | |
| 19 | SBH | Sally Beauty Holdings Inc | 股票-其他 | 2.20% | — | -2.69% | |
| 20 | ABBV | Abbvie Inc | 股票-醫療保健 | 2.16% | -0.39% | -7.01% | |
| 21 | LNTH | Lantheus Holdings Inc | 股票-醫療保健 | 2.15% | +0.61% | — | |
| 22 | CFR | Cullen/frost Bankers Inc | 股票-金融 | 2.07% | -0.35% | -2.44% | |
| 23 | WMB | Williams Cos Inc | 股票-能源 | 2.00% | -0.64% | -2.74% | |
| 24 | CB | Chubb Limited | 股票-金融 | 1.97% | -0.54% | +1.44% | |
| 25 | TSN | Tyson Foods Inc-cl A | 股票-非循環性消費 | 1.94% | -0.81% | +20.36% | |
| 26 | INGR | Ingredion Inc | 股票-非循環性消費 | 1.93% | -0.10% | +1.13% | |
| 27 | MTB | M & T Bank CORP | 股票-金融 | 1.93% | -0.36% | -0.80% | |
| 28 | ✓ | 股票-其他 | 1.91% | — | -4.72% | ||
| 29 | NEE | Nextera Energy Inc | 股票-公用事業 | 1.85% | -0.55% | -3.86% | |
| 30 | ELV | Elevance Health Inc | 股票-醫療保健 | 1.78% | -0.12% | +37.29% | |
| 31 | GLPI | Gaming And Leisure Propertie | 股票-房地產 | 1.75% | -0.55% | -4.55% | |
| 32 | ALSN | Allison Transmission Holding | 股票-循環性消費 | 1.69% | -0.73% | -1.81% | |
| 33 | LKQ | Lkq CORP | 股票-循環性消費 | 1.40% | -0.60% | +11.44% | |
| 34 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 1.12% | — | -2.38% | |
| 35 | SPFI | South Plains Financial Inc | 股票-其他 | 0.33% | +0.12% | -2.30% | |
| 36 | NBN | Northeast Bank | 股票-其他 | 0.32% | +0.14% | -3.15% | |
| 37 | OFG | Ofg Bancorp | 股票-其他 | 0.32% | +0.14% | — | |
| 38 | HTB | Hometrust Bancshares Inc | 股票-其他 | 0.28% | +0.14% | -7.33% | |
| 39 | CHCO | City Holding Co | 股票-其他 | 0.19% | +0.09% | — | |
| 40 | SSBUSD | Southstate Bank CORP | 股票-其他 | 0.18% | -0.20% | EXIT | |
| 41 | CVI | Cvr Energy Inc | 股票-其他 | 0.16% | -0.01% | — | |
| 42 | LAUR | Laureate Education Inc | 股票-其他 | 0.16% | +0.01% | -7.38% | |
| 43 | PRDO | Perdoceo Education CORP | 股票-其他 | 0.15% | — | — | |
| 44 | IMKTA | Ingles Markets Inc-class A | 股票-其他 | 0.15% | +0.02% | -0.92% | |
| 45 | INDB | Independent Bank Corp/ma | 股票-其他 | 0.15% | +0.08% | — | |
| 46 | BKH | Black Hills CORP | 股票-公用事業 | 0.15% | +0.02% | — | |
| 47 | EVTC | Evertec Inc | 股票-其他 | 0.14% | — | +20.04% | |
| 48 | PLUS | Eplus Inc | 股票-其他 | 0.14% | +0.05% | — | |
| 49 | NTST | Netstreit CORP | 股票-其他 | 0.14% | +0.07% | -7.64% | |
| 50 | CBAN | Colony Bankcorp | 股票-其他 | 0.14% | — | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | MKSI | Mks Inc | +1.6% | +11.04% | 加碼 |
| 2 | SBH | Sally Beauty Holdings Inc | +1% | -2.69% | 減碼 |
| 3 | CVS | Cvs Health CORP | +1% | +23.71% | 加碼 |
| 4 | ARW | Arrow Electronics Inc | +1% | +19.43% | 加碼 |
| 5 | UTHR | United Therapeutics CORP | +0.9% | -4.39% | 減碼 |
| 6 | MPC | Marathon Petroleum CORP | +0.9% | +9.28% | 加碼 |
| 7 | CG | Carlyle Group Inc/the | +0.8% | -7.82% | 減碼 |
| 8 | NOMD | Nomad Foods Limited | +0.7% | +138.77% | 加碼 |
| 9 | JPM | Jpmorgan Chase & Co | +0.6% | -9.48% | 減碼 |
| 10 | GD | General Dynamics CORP | +0.5% | -5.80% | 減碼 |
| 11 | WBS | Webster Financial CORP | +0.4% | -2.66% | 減碼 |
| 12 | BPOP | Popular Inc | +0.4% | -7.59% | 減碼 |
| 13 | IBOC | International Bancshares Crp | +0.3% | -4.81% | 減碼 |
| 14 | MTB | M & T Bank CORP | +0.2% | -0.80% | 減碼 |
| 15 | ABBV | Abbvie Inc | +0.2% | -7.01% | 減碼 |
| 16 | WMB | Williams Cos Inc | +0.2% | -2.74% | 減碼 |
| 17 | TSN | Tyson Foods Inc-cl A | +0.2% | +20.36% | 加碼 |
| 18 | NEE | Nextera Energy Inc | +0.2% | -3.86% | 減碼 |
| 19 | ELV | Elevance Health Inc | +0.2% | +37.29% | 加碼 |
| 20 | CFR | Cullen/frost Bankers Inc | +0.2% | -2.44% | 減碼 |
| 21 | CVI | Cvr Energy Inc | +0.1% | — | 不變 |
| 22 | LAUR | Laureate Education Inc | +0.1% | -7.38% | 加碼 |
| 23 | VVX | V2x Inc | +0.1% | — | 加碼 |
| 24 | SPFI | South Plains Financial Inc | +0.1% | -2.30% | 減碼 |
| 25 | OFG | Ofg Bancorp | +0.1% | — | 不變 |
| 26 | PRDO | Perdoceo Education CORP | +0.1% | — | 減碼 |
| 27 | HTB | Hometrust Bancshares Inc | +0.1% | -7.33% | 減碼 |
| 28 | NBN | Northeast Bank | +0.1% | -3.15% | 減碼 |
| 29 | PLUS | Eplus Inc | 0% | — | 加碼 |
| 30 | AYI | Acuity Inc | 0% | — | 不變 |
| 31 | INDB | Independent Bank Corp/ma | 0% | — | 加碼 |
| 32 | CB | Chubb Limited | 0% | +1.44% | 減碼 |
| 33 | BKE | Buckle Inc/the | 0% | -17.75% | 減碼 |
| 34 | AIT | Applied Industrial Tech Inc | 0% | — | 不變 |
| 35 | BFST | Business First Bancshares | 0% | — | 加碼 |
| 36 | EVTC | Evertec Inc | 0% | +20.04% | 加碼 |
| 37 | EBF | Ennis Inc | 0% | +8.02% | 加碼 |
| 38 | SSBUSD | Southstate Bank CORP | 0% | — | 不變 |
| 39 | PRGS | Progress Software CORP | 0% | +27.75% | 加碼 |
| 40 | CBAN | Colony Bankcorp | 0% | — | 不變 |
| 41 | NTST | Netstreit CORP | 0% | -7.64% | 減碼 |
| 42 | CHCO | City Holding Co | 0% | — | 減碼 |
| 43 | BAP | Credicorp Ltd. | 0% | — | 不變 |
| 44 | FSEA | First Seacoast Bancorp Inc | 0% | — | 加碼 |
| 45 | BOKF | Bok Financial Corporation | 0% | — | 不變 |
| 46 | MMS | Maximus Inc | 0% | -14.17% | 減碼 |
| 47 | ✓ | Csg Systems International In | 0% | — | 不變 |
| 48 | EXP | Eagle Materials Inc | 0% | — | 不變 |
| 49 | CBT | Cabot CORP | 0% | +13.35% | 加碼 |
| 50 | BHB | Bar Harbor Bankshares | 0% | — | 不變 |
根據 SEC 官方 Form 13F 申報備案，Polaris Capital Management, LLC 在 Q3 2025 季度的美股持倉總市值約為 US$10.6億，共申報了 90 個公開持股部位。
在 Q3 2025 季度，Polaris Capital Management, LLC 按市值排列的前三大核心持股分別為：BPOP (7.4%)、VIPS (6.5%)、LIN (5.3%)。其中最大持股部位 BPOP 佔據整體投資組合約 7.4% 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
LNTH
市值: US$3268.7萬
本季最大獲利了結 / 清倉標的
TGLS
前期市值: US$5609.3萬
在 Q3 2025 季度中，Polaris Capital Management, LLC 共進行了 79 項持倉異動，包含新建倉 8 個部位、加碼 19 個部位、減碼 43 個部位以及清倉 9 個部位。 其中最大新建倉標的為 LNTH。 本季清倉部位包含 TGLS。
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。