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: 0001142031
申報總市值
US$38.0億
US$38.0億
310 檔
9.0%
Private Management Group Inc 在 Q4 2025 季度的美股部位總計估值為 US$38.0億，分散於 310 個持倉標的之中，反映其市場參與廣度與投資規模。
從 Q4 2025 申報觀察，Private Management Group Inc 採取防禦導向的調倉策略，本季減碼 102 檔個股並出清 7 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 WBD, SPNT, BRK-B）累計市值佔比達 9.0%，是驅動 Private Management Group Inc 該季度整體投資組合績效表現的核心支柱。
僅顯示前 200 大持股（共 310 檔）
| # | 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 | WBD | Warner Bros Discovery Inc | 股票-通訊服務 | 2.29% | -0.13% | -31.27% | |
| 2 | SPNT | SiriusPoint Ltd. | 股票-其他 | 2.22% | -0.22% | -1.27% | |
| 3 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 2.22% | -0.09% | -1.14% | |
| 4 | COLD | Americold Realty Trust Inc | 股票-房地產 | 1.76% | +0.36% | +17.66% | |
| 5 | VLO | Valero Energy CORP | 股票-能源 | 1.42% | -0.11% | -17.82% | |
| 6 | STT | State Street CORP | 股票-金融 | 1.38% | +0.25% | -13.57% | |
| 7 | VZ | Verizon Communications Inc | 股票-通訊服務 | 1.27% | -0.33% | +2.48% | |
| 8 | CMCSA | Comcast Corp-class A | 股票-通訊服務 | 1.26% | -0.08% | +9.33% | |
| 9 | SEB | Seaboard CORP | 股票-其他 | 1.26% | -0.47% | -2.88% | |
| 10 | KDP | Keurig Dr Pepper Inc | 股票-非循環性消費 | 1.24% | +0.16% | +9.56% | |
| 11 | OCSL | Oaktree Specialty Lending Co | 股票-其他 | 1.21% | +0.01% | +8.14% | |
| 12 | ACI | Albertsons Cos Inc - Class A | 股票-非循環性消費 | 1.20% | -0.08% | +1.83% | |
| 13 | OI | O-i Glass Inc | 股票-其他 | 1.19% | -0.10% | -1.54% | |
| 14 | JEF | Jefferies Financial Group In | 股票-金融 | 1.19% | +0.09% | -0.75% | |
| 15 | BNY | Bank Of New York Mellon CORP | 股票-金融 | 1.18% | +0.12% | -15.75% | |
| 16 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.17% | +0.01% | -1.75% | |
| 17 | LKQ | Lkq CORP | 股票-循環性消費 | 1.16% | -0.04% | +16.49% | |
| 18 | AQN | Algonquin Power & Utilities | 股票-其他 | 1.15% | -0.15% | -1.11% | |
| 19 | CG | Carlyle Group Inc/the | 股票-金融 | 1.14% | +0.10% | -0.73% | |
| 20 | FLG | Flagstar Bank NA | 股票-金融 | 1.14% | +0.04% | +1.11% | |
| 21 | CRC | California Resources CORP | 股票-能源 | 1.13% | -0.58% | -0.93% | |
| 22 | DBRG | Digitalbridge Group Inc | 股票-金融 | 1.10% | -0.76% | -0.23% | |
| 23 | SON | Sonoco Products Co | 股票-循環性消費 | 1.10% | -0.09% | -0.07% | |
| 24 | ABEV | Ambev Sa-adr | 股票-非循環性消費 | 1.09% | -0.05% | -1.21% | |
| 25 | BBUC | Brookfield Business Corporation | 股票-其他 | 1.07% | -0.84% | EXIT | |
| 26 | DAR | Darling Ingredients Inc | 股票-非循環性消費 | 1.06% | -0.55% | +0.22% | |
| 27 | CABO | Cable One Inc | 股票-通訊服務 | 1.05% | -0.14% | +1.38% | |
| 28 | UGI | Ugi CORP | 股票-公用事業 | 1.05% | -0.04% | +33.10% | |
| 29 | BBDC | Barings Bdc Inc | 股票-其他 | 1.01% | +0.05% | +14.65% | |
| 30 | BN | Brookfield CORP | 股票-金融 | 1.00% | -0.04% | +45.54% | |
| 31 | PK | Park Hotels & Resorts Inc | 股票-房地產 | 0.97% | +0.18% | -0.09% | |
| 32 | GPN | Global Payments Inc | 股票-工業 | 0.94% | +0.24% | +21.37% | |
| 33 | PB | Prosperity Bancshares Inc | 股票-金融 | 0.94% | -0.01% | +1.03% | |
| 34 | VNO | Vornado Realty Trust | 股票-房地產 | 0.93% | +0.38% | +24.18% | |
| 35 | PDM | Piedmont Realty Trust Inc | 股票-其他 | 0.92% | +0.20% | -0.46% | |
| 36 | PBF | Pbf Energy Inc-class A | 股票-能源 | 0.91% | -0.12% | -0.63% | |
| 37 | OGN | Organon & Co | 股票-醫療保健 | 0.91% | +0.58% | +38.35% | |
| 38 | NICE | Nice LTD - Spon Adr | 股票-科技 | 0.90% | +0.01% | +68.01% | |
| 39 | FPH | Five Point Holdings Llc-cl A | 股票-其他 | 0.86% | — | -0.49% | |
| 40 | BGC | Bgc Group Inc-a | 股票-金融 | 0.86% | -0.01% | +0.79% | |
| 41 | UMH | Umh Properties Inc | 股票-其他 | 0.85% | -0.01% | +9.64% | |
| 42 | VYX | Ncr Voyix CORP | 股票-科技 | 0.85% | +0.24% | +3.32% | |
| 43 | ELAN | Elanco Animal Health Inc | 股票-醫療保健 | 0.84% | -0.12% | -20.42% | |
| 44 | CNNE | Cannae Holdings Inc | 股票-其他 | 0.83% | +0.16% | +8.46% | |
| 45 | BABA | Alibaba Group Holding-sp Adr | 股票-循環性消費 | 0.83% | -0.18% | -16.25% | |
| 46 | AVTR | Avantor Inc | 股票-醫療保健 | 0.82% | +0.19% | +50.42% | |
| 47 | FRT | Federal Realty Invs Trust | 股票-房地產 | 0.82% | +0.04% | -0.55% | |
| 48 | AIOT | Powerfleet Inc | 股票-其他 | 0.82% | +0.09% | +1.09% | |
| 49 | DEO | Diageo Plc-sponsored Adr | 股票-非循環性消費 | 0.81% | +0.01% | — | |
| 50 | TEVA | Teva Pharmaceutical-sp Adr | 股票-醫療保健 | 0.81% | -0.16% | -25.46% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | CXM | Sprinklr Inc-a | +0.5% | +1249.27% | 加碼 |
| 2 | UGI | Ugi CORP | +0.3% | +33.10% | 加碼 |
| 3 | SPNT | SiriusPoint Ltd. | +0.3% | -1.27% | 減碼 |
| 4 | COLD | Americold Realty Trust Inc | +0.3% | +17.66% | 加碼 |
| 5 | DBRG | Digitalbridge Group Inc | +0.2% | -0.23% | 減碼 |
| 6 | AVTR | Avantor Inc | +0.2% | +50.42% | 加碼 |
| 7 | NICE | Nice LTD - Spon Adr | +0.2% | +68.01% | 加碼 |
| 8 | KDP | Keurig Dr Pepper Inc | +0.2% | +9.56% | 加碼 |
| 9 | GLRE | Greenlight Capital Re, Ltd. | +0.2% | +25.63% | 加碼 |
| 10 | SEB | Seaboard CORP | +0.2% | -2.88% | 減碼 |
| 11 | BBDC | Barings Bdc Inc | +0.2% | +14.65% | 加碼 |
| 12 | DAR | Darling Ingredients Inc | +0.1% | +0.22% | 加碼 |
| 13 | LKQ | Lkq CORP | +0.1% | +16.49% | 加碼 |
| 14 | AQN | Algonquin Power & Utilities | +0.1% | -1.11% | 減碼 |
| 15 | UMH | Umh Properties Inc | +0.1% | +9.64% | 加碼 |
| 16 | PNW | Pinnacle West Capital Corporation | +0.1% | +16.48% | 加碼 |
| 17 | RC | Ready Capital CORP | +0.1% | +197.05% | 加碼 |
| 18 | OI | O-i Glass Inc | +0.1% | -1.54% | 減碼 |
| 19 | GPN | Global Payments Inc | +0.1% | +21.37% | 加碼 |
| 20 | TEVA | Teva Pharmaceutical-sp Adr | +0.1% | -25.46% | 減碼 |
| 21 | FLG | Flagstar Bank NA | +0.1% | +1.11% | 加碼 |
| 22 | ABEV | Ambev Sa-adr | +0.1% | -1.21% | 減碼 |
| 23 | HSIC | Henry Schein Inc | +0.1% | -0.66% | 減碼 |
| 24 | KELYA | Kelly Services Inc -a | +0.1% | +101.83% | 加碼 |
| 25 | BHC | Bausch Health Cos Inc | +0.1% | +16.72% | 加碼 |
| 26 | GOOGL | Alphabet Inc-cl A | +0.1% | -8.99% | 減碼 |
| 27 | ✓ | Hamilton Insurance Group LTD | +0.1% | -1.48% | 減碼 |
| 28 | OCSL | Oaktree Specialty Lending Co | 0% | +8.14% | 加碼 |
| 29 | ARCO | Arcos Dorados Holdings Inc. | 0% | -0.04% | 減碼 |
| 30 | BIL | Ss Spdr Bb 1-3m T-bill ETF | 0% | +20.43% | 加碼 |
| 31 | PB | Prosperity Bancshares Inc | 0% | +1.03% | 加碼 |
| 32 | VSTS | Vestis CORP | 0% | -23.81% | 減碼 |
| 33 | GEF | Greif Inc-cl A | 0% | -1.59% | 減碼 |
| 34 | ANDE | Andersons Inc/the | 0% | -2.31% | 減碼 |
| 35 | CMCSA | Comcast Corp-class A | 0% | +9.33% | 加碼 |
| 36 | BBUC | Brookfield Business Corporation | 0% | -2.75% | 減碼 |
| 37 | CCK | Crown Holdings Inc | 0% | -1.68% | 減碼 |
| 38 | BSRR | Sierra Bancorp | 0% | -6.28% | 減碼 |
| 39 | FDX | Fedex CORP | 0% | -6.53% | 減碼 |
| 40 | GOOG | Alphabet Inc-cl C | 0% | +0.12% | 加碼 |
| 41 | BRSP | Brightspire Capital Inc | 0% | +0.18% | 加碼 |
| 42 | CWBC | Community West Bancshares | 0% | -1.46% | 減碼 |
| 43 | AIOT | Powerfleet Inc | 0% | +1.09% | 加碼 |
| 44 | INSW | International Seaways, Inc. | 0% | -1.34% | 減碼 |
| 45 | COR | Cencora Inc | 0% | — | 不變 |
| 46 | PKST | Peakstone Realty Trust | 0% | +18.66% | 加碼 |
| 47 | MRK | Merck & Co. Inc. | 0% | -0.59% | 減碼 |
| 48 | C | Citigroup Inc | 0% | — | 不變 |
| 49 | OABI | Omniab Inc | 0% | -3.88% | 減碼 |
| 50 | BRID | Bridgford Foods CORP | 0% | +194.38% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Private Management Group Inc 在 Q4 2025 季度的美股持倉總市值約為 US$38.0億，共申報了 310 個公開持股部位。
在 Q4 2025 季度，Private Management Group Inc 按市值排列的前三大核心持股分別為：WBD (2.3%)、SPNT (2.2%)、BRK-B (2.2%)。其中最大持股部位 WBD 佔據整體投資組合約 2.3% 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
DEO
市值: US$2785.5萬
本季最大獲利了結 / 清倉標的
SSBUSD
前期市值: US$1028.6萬
在 Q4 2025 季度中，Private Management Group Inc 共進行了 178 項持倉異動，包含新建倉 22 個部位、加碼 47 個部位、減碼 102 個部位以及清倉 7 個部位。 其中最大新建倉標的為 DEO。 本季清倉部位包含 SSBUSD。
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。