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: 0001966898
申報總市值
US$17.7億
US$17.7億
113 檔
42.3%
根據最新整理的 13F 季度數據集，Portman Square Capital LLP 於 Q2 2025 結束時的管理資產規模為 US$17.7億。該機構在本季度申報了 113 檔美股持倉，呈現出該時期的主要投資地圖。
在 Q2 2025，Portman Square Capital LLP 展現出較為審慎的避險與獲利了結姿態。本季共減碼 51 個部位並完全清倉 26 檔持股，調降曝險的部位數量高於加碼動作。
檢視投資組合結構，前 5 大主力部位（包含 KKR, NEE, KKR 6.25 03-01-28 D）占據了總市值的 42.3%，展現出該機構在 Q2 2025 的重點資金聚焦與風險分佈特徵。
| # | 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 | KKR | Kkr & Co Inc | 股票-金融 | 5.37% | -0.02% | EXIT | |
| 2 | NEE | Nextera Energy Inc | 股票-公用事業 | 4.43% | -5.87% | +15.40% | |
| 3 | KKR 6.25 03-01-28 D債券 | Kkr & Co Inc | 債券 | 4.15% | — | -8.62% | |
| 4 | BA | Boeing Co/the | 股票-工業 | 4.03% | +1.32% | NEW | |
| 5 | BABA | Alibaba Group Holding-sp Adr | 股票-循環性消費 | 3.86% | +5.16% | +255.28% | |
| 6 | BA 6 10-15-27債券 | Boeing Co/the | 債券 | 3.60% | +0.33% | NEW | |
| 7 | BABA 0.5 06-01-31債券 | Alibaba Group Holding | 債券 | 3.54% | — | — | |
| 8 | NEE 7.234 11-01-27債券 | Nextera Energy Inc | 債券 | 2.65% | -0.12% | EXIT | |
| 9 | DASH | Doordash Inc - A | 股票-循環性消費 | 2.58% | — | — | |
| 10 | HPE 7.625 09-01-27債券 | Hp Enterprise Co | 債券 | 2.50% | -0.19% | EXIT | |
| 11 | UGI 5 06-01-28債券 | Ugi CORP | 債券 | 2.41% | — | — | |
| 12 | GPN | Global Payments Inc | 股票-工業 | 2.39% | -0.31% | +37.36% | |
| 13 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-非投資等級債 | 2.36% | — | — | |
| 14 | PCG | P G & E CORP | 股票-公用事業 | 2.14% | -1.33% | +63.00% | |
| 15 | ARES | Ares Management CORP - A | 股票-金融 | 2.03% | -0.66% | +19.40% | |
| 16 | PODD | Insulet CORP | 股票-醫療保健 | 1.89% | — | +1.82% | |
| 17 | HPE | Hewlett Packard Enterprise | 股票-科技 | 1.75% | -0.45% | +34.38% | |
| 18 | ARES 6.75 10-01-27 B債券 | Ares Management CORP | 債券 | 1.65% | -0.15% | — | |
| 19 | MCHP | Microchip Technology Inc | 股票-科技 | 1.54% | -0.89% | +4.17% | |
| 20 | NEE 7.299 06-01-27債券 | Nextera Energy Inc | 債券 | 1.52% | -0.25% | EXIT | |
| 21 | WDC | Western Digital CORP | 股票-科技 | 1.35% | -0.32% | EXIT | |
| 22 | FLR | Fluor CORP | 股票-工業 | 1.30% | +0.51% | +112.59% | |
| 23 | WDC 3 11-15-28債券 | Western Digital CORP | 債券 | 1.28% | — | — | |
| 24 | FE | Firstenergy CORP | 股票-公用事業 | 1.27% | -0.08% | — | |
| 25 | UGI | Ugi CORP | 股票-公用事業 | 1.25% | — | -25.05% | |
| 26 | SMCI | Super Micro Computer Inc | 股票-科技 | 1.23% | — | — | |
| 27 | W | Wayfair Inc- Class A | 股票-循環性消費 | 1.10% | +5.78% | +11.13% | |
| 28 | ALB | Albemarle CORP | 股票-原物料 | 1.06% | +0.13% | +9.19% | |
| 29 | CF | Cf Industries Holdings Inc | 股票-原物料 | 1.03% | — | -44.24% | |
| 30 | MA | Mastercard Inc - A | 股票-金融 | 1.00% | — | -37.25% | |
| 31 | NFLX | Netflix Inc | 股票-通訊服務 | 0.97% | — | -69.60% | |
| 32 | AKAM | Akamai Technologies Inc | 股票-科技 | 0.89% | -0.46% | +8.57% | |
| 33 | HASI | Ha Sustainable Infrastructur | 股票-金融 | 0.84% | — | +21.13% | |
| 34 | BBIO | Bridgebio Pharma Inc | 股票-醫療保健 | 0.81% | -0.68% | EXIT | |
| 35 | NET | Cloudflare Inc - Class A | 股票-科技 | 0.80% | +2.97% | +14.82% | |
| 36 | ABNB | Airbnb Inc-class A | 股票-循環性消費 | 0.72% | — | -19.34% | |
| 37 | RDDT | Reddit Inc-cl A | 股票-通訊服務 | 0.66% | +2.89% | — | |
| 38 | LOW | Lowe's Cos Inc | 股票-循環性消費 | 0.66% | — | -71.45% | |
| 39 | ON | On Semiconductor | 股票-科技 | 0.60% | +0.51% | -39.38% | |
| 40 | MSTR | Strategy Inc | 股票-科技 | 0.59% | — | -50.00% | |
| 41 | O | Realty Income CORP | 股票-房地產 | 0.59% | +0.02% | — | |
| 42 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 0.58% | — | -20.04% | |
| 43 | ITRI | Itron Inc | 股票-科技 | 0.57% | +0.17% | +103.15% | |
| 44 | LYV | Live Nation Entertainment In | 股票-通訊服務 | 0.55% | +1.94% | -83.00% | |
| 45 | FOUR 6 05-01-28債券 | Shift4 Payments Inc | 債券 | 0.52% | — | — | |
| 46 | COIN | Coinbase Global Inc -class A | 股票-金融 | 0.52% | — | -2.33% | |
| 47 | MELI | Mercadolibre Inc | 股票-循環性消費 | 0.50% | — | -29.03% | |
| 48 | WEC | Wec Energy Group Inc | 股票-公用事業 | 0.49% | — | -80.29% | |
| 49 | BAC | Bank Of America CORP | 股票-金融 | 0.49% | — | -85.32% | |
| 50 | TTEK | Tetra Tech Inc | 股票-工業 | 0.49% | +0.30% | -0.21% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | BABA 0.5 06-01-31債券 | Alibaba Group Holding | +3.5% | NEW | 新建倉 |
| 2 | KKR | Kkr & Co Inc | +2.7% | +59.95% | 加碼 |
| 3 | BABA | Alibaba Group Holding-sp Adr | +2.7% | +255.28% | 加碼 |
| 4 | DASH | Doordash Inc - A | +2.6% | NEW | 新建倉 |
| 5 | UGI 5 06-01-28債券 | Ugi CORP | +2.4% | NEW | 新建倉 |
| 6 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | +2.4% | NEW | 新建倉 |
| 7 | BA 6 10-15-27債券 | Boeing Co/the | +2.1% | +89.29% | 加碼 |
| 8 | BA | Boeing Co/the | +1.8% | +32.16% | 加碼 |
| 9 | NEE 7.299 06-01-27債券 | Nextera Energy Inc | +1.4% | +1000.00% | 加碼 |
| 10 | HPE 7.625 09-01-27債券 | Hp Enterprise Co | +1.3% | +52.63% | 加碼 |
| 11 | WDC 3 11-15-28債券 | Western Digital CORP | +1.3% | NEW | 新建倉 |
| 12 | FE | Firstenergy CORP | +1.3% | NEW | 新建倉 |
| 13 | SMCI | Super Micro Computer Inc | +1.2% | NEW | 新建倉 |
| 14 | WDC | Western Digital CORP | +1.2% | +346.79% | 加碼 |
| 15 | FLR | Fluor CORP | +0.9% | +112.59% | 加碼 |
| 16 | HPE | Hewlett Packard Enterprise | +0.9% | +34.38% | 加碼 |
| 17 | NEE | Nextera Energy Inc | +0.9% | +15.40% | 加碼 |
| 18 | ARES | Ares Management CORP - A | +0.7% | +19.40% | 加碼 |
| 19 | PCG | P G & E CORP | +0.7% | +63.00% | 加碼 |
| 20 | RDDT | Reddit Inc-cl A | +0.7% | NEW | 新建倉 |
| 21 | MCHP | Microchip Technology Inc | +0.6% | +4.17% | 加碼 |
| 22 | W | Wayfair Inc- Class A | +0.5% | +11.13% | 加碼 |
| 23 | FOUR 6 05-01-28債券 | Shift4 Payments Inc | +0.5% | NEW | 新建倉 |
| 24 | PODD | Insulet CORP | +0.5% | +1.82% | 加碼 |
| 25 | GPN | Global Payments Inc | +0.5% | +37.36% | 加碼 |
| 26 | GLD | Spdr Gold Shares | +0.5% | NEW | 新建倉 |
| 27 | NET | Cloudflare Inc - Class A | +0.4% | +14.82% | 加碼 |
| 28 | FOUR | Shift4 Payments Inc-class A | +0.4% | NEW | 新建倉 |
| 29 | GLNG | Golar LNG Limited | +0.4% | NEW | 新建倉 |
| 30 | BBIO | Bridgebio Pharma Inc | +0.4% | +44.17% | 加碼 |
| 31 | KKR 6.25 03-01-28 D債券 | Kkr & Co Inc | +0.4% | -8.62% | 減碼 |
| 32 | PCG 4.25 12-01-27債券 | Pg&e CORP | +0.4% | NEW | 新建倉 |
| 33 | ITRI | Itron Inc | +0.4% | +103.15% | 加碼 |
| 34 | ARES 6.75 10-01-27 B債券 | Ares Management CORP | +0.3% | — | 不變 |
| 35 | CMS 3.375 05-01-28債券 | Cms Energy CORP | +0.3% | NEW | 新建倉 |
| 36 | CMS | Cms Energy CORP | +0.3% | NEW | 新建倉 |
| 37 | COIN | Coinbase Global Inc -class A | +0.3% | -2.33% | 減碼 |
| 38 | NEE 7.234 11-01-27債券 | Nextera Energy Inc | +0.2% | — | 不變 |
| 39 | BL | Blackline Inc | +0.2% | +39.71% | 加碼 |
| 40 | AEIS | Advanced Energy Industries | +0.2% | +10.10% | 加碼 |
| 41 | SMTC | Semtech CORP | +0.2% | +150.00% | 加碼 |
| 42 | SYNA | Synaptics Inc | +0.2% | +34.89% | 加碼 |
| 43 | HASI | Ha Sustainable Infrastructur | +0.2% | +21.13% | 加碼 |
| 44 | AKAM | Akamai Technologies Inc | +0.1% | +8.57% | 加碼 |
| 45 | UBER | Uber Technologies Inc | +0.1% | — | 不變 |
| 46 | TTEK | Tetra Tech Inc | +0.1% | -0.21% | 減碼 |
| 47 | MCHP 7.5 03-15-28債券 | Microchip Technology Inc | +0.1% | +25.00% | 加碼 |
| 48 | SCHW | Schwab (charles) CORP | +0.1% | — | 不變 |
| 49 | IREN | IREN Limited | +0.1% | NEW | 新建倉 |
| 50 | SLV | Ishares Silver Trust | +0.1% | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Portman Square Capital LLP 在 Q2 2025 季度的美股持倉總市值約為 US$17.7億，共申報了 113 個公開持股部位。
在 Q2 2025 季度，Portman Square Capital LLP 按市值排列的前三大核心持股分別為：KKR (5.4%)、NEE (4.4%)、KKR 6.25 03-01-28 D (4.2%)。其中最大持股部位 KKR 佔據整體投資組合約 5.4% 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
BABA 0.5 06-01-31
市值: US$1.2億
本季最大獲利了結 / 清倉標的
STX 3.5 06-01-28
前期市值: US$1.2億
在 Q2 2025 季度中，Portman Square Capital LLP 共進行了 126 項持倉異動，包含新建倉 18 個部位、加碼 31 個部位、減碼 51 個部位以及清倉 26 個部位。 其中最大新建倉標的為 BABA 0.5 06-01-31。 本季清倉部位包含 STX 3.5 06-01-28。
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。