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
86 檔
34.3%
Portman Square Capital LLP 在 Q3 2025 季度的美股部位總計估值為 US$17.7億，分散於 86 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 Portman Square Capital LLP 於 Q3 2025 季度持續回收資金，對 40 個既有部位進行裁減並清倉 53 個標的，組合整體流動性比重有所上升。
從部位權重觀察，前 5 大標的（包含 NEE, KKR 6.25 03-01-28 D, KKR）累計市值佔比達 34.3%，是驅動 Portman Square Capital LLP 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 | NEE | Nextera Energy Inc | 股票-公用事業 | 6.63% | -5.87% | -9.14% | |
| 2 | KKR 6.25 03-01-28 D債券 | Kkr & Co Inc | 債券 | 6.12% | — | — | |
| 3 | KKR | Kkr & Co Inc | 股票-金融 | 5.44% | -0.02% | EXIT | |
| 4 | HPE 7.625 09-01-27債券 | Hp Enterprise Co | 債券 | 4.38% | -0.19% | EXIT | |
| 5 | NEE 7.234 11-01-27債券 | Nextera Energy Inc | 債券 | 4.27% | -0.12% | EXIT | |
| 6 | BA 6 10-15-27債券 | Boeing Co/the | 債券 | 4.01% | +0.33% | NEW | |
| 7 | BA | Boeing Co/the | 股票-工業 | 3.96% | +1.32% | NEW | |
| 8 | UGI 5 06-01-28債券 | Ugi CORP | 債券 | 3.67% | — | +8.37% | |
| 9 | GLD | Spdr Gold Shares | ETF-避險與商品 | 3.34% | -5.87% | +325.00% | |
| 10 | GPN | Global Payments Inc | 股票-工業 | 2.91% | -0.31% | -22.51% | |
| 11 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-非投資等級債 | 2.87% | — | -20.00% | |
| 12 | UGI | Ugi CORP | 股票-公用事業 | 2.45% | — | +42.35% | |
| 13 | NEE 7.299 06-01-27債券 | Nextera Energy Inc | 債券 | 2.44% | -0.25% | EXIT | |
| 14 | MCHP | Microchip Technology Inc | 股票-科技 | 2.43% | -0.89% | +14.00% | |
| 15 | ARES | Ares Management CORP - A | 股票-金融 | 2.37% | -0.66% | -16.25% | |
| 16 | ARES 6.75 10-01-27 B債券 | Ares Management CORP | 債券 | 2.31% | -0.15% | — | |
| 17 | WDC | Western Digital CORP | 股票-科技 | 2.24% | -0.32% | EXIT | |
| 18 | PCG 6 12-01-27 A債券 | Pg&e CORP | 債券 | 2.11% | -0.07% | — | |
| 19 | FE | Firstenergy CORP | 股票-公用事業 | 1.89% | -0.08% | -13.90% | |
| 20 | RDDT | Reddit Inc-cl A | 股票-通訊服務 | 1.84% | +2.89% | +20.67% | |
| 21 | HPE | Hewlett Packard Enterprise | 股票-科技 | 1.81% | -0.45% | -43.11% | |
| 22 | USO | United States Oil Fund LP | ETF-其他 | 1.47% | +0.17% | +1700.00% | |
| 23 | PCG | P G & E CORP | 股票-公用事業 | 1.47% | -1.33% | -58.23% | |
| 24 | SMCI | Super Micro Computer Inc | 股票-科技 | 1.35% | — | -25.48% | |
| 25 | AKAM | Akamai Technologies Inc | 股票-科技 | 1.27% | -0.46% | — | |
| 26 | ON | On Semiconductor | 股票-科技 | 1.20% | +0.51% | +39.64% | |
| 27 | AEIS | Advanced Energy Industries | 股票-工業 | 1.16% | +0.03% | +57.48% | |
| 28 | ITRI | Itron Inc | 股票-科技 | 1.13% | +0.17% | +38.58% | |
| 29 | LYV | Live Nation Entertainment In | 股票-通訊服務 | 1.06% | +1.94% | +18.57% | |
| 30 | ALB | Albemarle CORP | 股票-原物料 | 0.98% | +0.13% | -52.71% | |
| 31 | BL | Blackline Inc | 股票-科技 | 0.98% | -0.18% | +67.71% | |
| 32 | STWD | Starwood Property Trust Inc | 股票-房地產 | 0.98% | -0.98% | EXIT | |
| 33 | TTEK | Tetra Tech Inc | 股票-工業 | 0.96% | +0.30% | +39.39% | |
| 34 | FLR | Fluor CORP | 股票-工業 | 0.92% | +0.51% | -43.13% | |
| 35 | SPB | Spectrum Brands Holdings Inc | 股票-其他 | 0.81% | -0.77% | +78.46% | |
| 36 | STWD 6.75 07-15-27債券 | Starwood Property Trust | 債券 | 0.75% | — | +166.67% | |
| 37 | BBIO | Bridgebio Pharma Inc | 股票-醫療保健 | 0.74% | -0.68% | EXIT | |
| 38 | ENOV | Enovis CORP | 股票-其他 | 0.73% | +0.02% | +46.93% | |
| 39 | WEC | Wec Energy Group Inc | 股票-公用事業 | 0.72% | — | -12.82% | |
| 40 | GLNG | Golar LNG Limited | 股票-能源 | 0.66% | — | +11.67% | |
| 41 | FOUR 6 05-01-28債券 | Shift4 Payments Inc | 債券 | 0.66% | — | — | |
| 42 | SYNA | Synaptics Inc | 股票-其他 | 0.60% | -0.54% | -13.33% | |
| 43 | ALNY | Alnylam Pharmaceuticals Inc | 股票-醫療保健 | 0.50% | +0.21% | -41.82% | |
| 44 | CMS 3.375 05-01-28債券 | Cms Energy CORP | 債券 | 0.48% | — | — | |
| 45 | IREN | IREN Limited | 股票-其他 | 0.48% | +2.17% | — | |
| 46 | CMS | Cms Energy CORP | 股票-公用事業 | 0.45% | — | +0.14% | |
| 47 | NET | Cloudflare Inc - Class A | 股票-科技 | 0.45% | +2.97% | -66.43% | |
| 48 | WGO | Winnebago Industries | 股票-其他 | 0.44% | -0.19% | +50.00% | |
| 49 | O | Realty Income CORP | 股票-房地產 | 0.44% | +0.02% | -53.56% | |
| 50 | GU9 | Guess? Inc | 股票-其他 | 0.37% | — | +2.19% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | HPE 7.625 09-01-27債券 | Hp Enterprise Co | +3.2% | — | 加碼 |
| 2 | NEE | Nextera Energy Inc | +3.1% | -9.14% | 加碼 |
| 3 | KKR | Kkr & Co Inc | +2.8% | -31.51% | 加碼 |
| 4 | BA 6 10-15-27債券 | Boeing Co/the | +2.5% | -27.75% | 加碼 |
| 5 | KKR 6.25 03-01-28 D債券 | Kkr & Co Inc | +2.4% | — | 減碼 |
| 6 | NEE 7.299 06-01-27債券 | Nextera Energy Inc | +2.3% | — | 加碼 |
| 7 | WDC | Western Digital CORP | +2.1% | -41.62% | 加碼 |
| 8 | NEE 7.234 11-01-27債券 | Nextera Energy Inc | +1.8% | — | 不變 |
| 9 | BA | Boeing Co/the | +1.7% | -36.88% | 減碼 |
| 10 | MCHP | Microchip Technology Inc | +1.5% | +14.00% | 加碼 |
| 11 | UGI | Ugi CORP | +1.1% | +42.35% | 加碼 |
| 12 | ARES | Ares Management CORP - A | +1.1% | -16.25% | 不變 |
| 13 | USO | United States Oil Fund LP | +1.1% | +1700.00% | 加碼 |
| 14 | ARES 6.75 10-01-27 B債券 | Ares Management CORP | +1% | — | 不變 |
| 15 | GPN | Global Payments Inc | +1% | -22.51% | 加碼 |
| 16 | AEIS | Advanced Energy Industries | +0.9% | +57.48% | 加碼 |
| 17 | ITRI | Itron Inc | +0.9% | +38.58% | 加碼 |
| 18 | HPE | Hewlett Packard Enterprise | +0.9% | -43.11% | 減碼 |
| 19 | BL | Blackline Inc | +0.8% | +67.71% | 加碼 |
| 20 | STWD | Starwood Property Trust Inc | +0.7% | +220.79% | 加碼 |
| 21 | TTEK | Tetra Tech Inc | +0.6% | +39.39% | 加碼 |
| 22 | FLR | Fluor CORP | +0.5% | -43.13% | 加碼 |
| 23 | AKAM | Akamai Technologies Inc | +0.5% | — | 加碼 |
| 24 | ON | On Semiconductor | +0.5% | +39.64% | 減碼 |
| 25 | STWD 6.75 07-15-27債券 | Starwood Property Trust | +0.5% | +166.67% | 加碼 |
| 26 | ENOV | Enovis CORP | +0.4% | +46.93% | 加碼 |
| 27 | SPB | Spectrum Brands Holdings Inc | +0.4% | +78.46% | 加碼 |
| 28 | BBIO | Bridgebio Pharma Inc | +0.3% | -49.51% | 減碼 |
| 29 | SYNA | Synaptics Inc | +0.3% | -13.33% | 加碼 |
| 30 | GU9 | Guess? Inc | +0.2% | +2.19% | 加碼 |
| 31 | WGO | Winnebago Industries | +0.2% | +50.00% | 加碼 |
| 32 | MCHP 7.5 03-15-28債券 | Microchip Technology Inc | +0.2% | — | 加碼 |
| 33 | ALNY | Alnylam Pharmaceuticals Inc | +0.2% | -41.82% | 減碼 |
| 34 | NET | Cloudflare Inc - Class A | +0.1% | -66.43% | 減碼 |
| 35 | UPST | Upstart Holdings Inc | 0% | +116.00% | 加碼 |
| 36 | PCG | P G & E CORP | — | -58.23% | 減碼 |
| 37 | MMSI | Merit Medical Systems Inc | — | — | 減碼 |
| 38 | EZPW | Ezcorp Inc-cl A | 0% | -49.45% | 減碼 |
| 39 | ALB | Albemarle CORP | 0% | -52.71% | 減碼 |
| 40 | XRX | Xerox Holdings CORP | 0% | -94.59% | 減碼 |
| 41 | O | Realty Income CORP | -0.1% | -53.56% | 減碼 |
| 42 | UBER | Uber Technologies Inc | -0.1% | -70.55% | 減碼 |
| 43 | UNP | Union Pacific CORP | -0.1% | -55.99% | 減碼 |
| 44 | VLO | Valero Energy CORP | -0.1% | -70.08% | 減碼 |
| 45 | SCHW | Schwab (charles) CORP | -0.1% | -70.88% | 減碼 |
| 46 | MELI | Mercadolibre Inc | -0.2% | -51.52% | 減碼 |
| 47 | PSN | Parsons CORP | -0.2% | -11.54% | 減碼 |
| 48 | ALB 7.25 03-01-27債券 | Albemarle CORP | -0.2% | — | 減碼 |
| 49 | WYNN | Wynn Resorts LTD | -0.2% | -85.17% | 減碼 |
| 50 | AR | Antero Resources CORP | -0.2% | -73.11% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Portman Square Capital LLP 在 Q3 2025 季度的美股持倉總市值約為 US$17.7億，共申報了 86 個公開持股部位。
在 Q3 2025 季度，Portman Square Capital LLP 按市值排列的前三大核心持股分別為：NEE (6.6%)、KKR 6.25 03-01-28 D (6.1%)、KKR (5.4%)。其中最大持股部位 NEE 佔據整體投資組合約 6.6% 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
UGI 5 06-01-28
市值: US$8287.7萬
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 Q3 2025 季度中，Portman Square Capital LLP 共進行了 136 項持倉異動，包含新建倉 18 個部位、加碼 25 個部位、減碼 40 個部位以及清倉 53 個部位。 其中最大新建倉標的為 UGI 5 06-01-28。 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。