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。
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CIK: 0001520478
申報總市值
US$26.4億
US$26.4億
166 檔
22.0%
RWC Asset Management LLP 在 Q4 2025 季度的美股部位總計估值為 US$26.4億，分散於 166 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，RWC Asset Management LLP 採取防禦導向的調倉策略，本季減碼 80 檔個股並出清 38 檔部位，顯示機構在該時期進行風險控制與流動性回收。
在資產配置集中度方面，RWC Asset Management LLP 的前 5 大核心持股（包含 M, HPQ, EXC 等）合計佔整體申報市值的 22.0%，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 | M | Macy's, Inc. | 股票-循環性消費 | 11.88% | -0.52% | +0.58% | |
| 2 | HPQ | Hp Inc | 股票-科技 | 6.58% | +0.39% | +2.35% | |
| 3 | EXC | Exelon CORP | 股票-公用事業 | 3.86% | -0.54% | -8.27% | |
| 4 | LEA | Lear CORP | 股票-循環性消費 | 3.32% | -2.62% | +3.46% | |
| 5 | GFI | Gold Fields Ltd-spons Adr | 股票-原物料 | 2.87% | -1.08% | +15.95% | |
| 6 | SQM | Quimica Y Minera Chil-sp Adr | 股票-其他 | 2.86% | -1.43% | -23.99% | |
| 7 | JNJ | Johnson & Johnson | 股票-醫療保健 | 2.71% | -0.10% | -3.33% | |
| 8 | TAP | Molson Coors Beverage Co - B | 股票-非循環性消費 | 2.53% | -2.12% | EXIT | |
| 9 | OMC | Omnicom Group | 股票-通訊服務 | 2.21% | -0.08% | +48.01% | |
| 10 | GGAL | Grupo Financiero Galicia-adr | 股票-其他 | 2.16% | +0.16% | -1.21% | |
| 11 | SYY | Sysco CORP | 股票-非循環性消費 | 1.91% | +0.13% | -3.06% | |
| 12 | PAYX | Paychex Inc | 股票-科技 | 1.85% | -0.01% | +86.23% | |
| 13 | VIST | Vista Energy Sab De Cv | 股票-其他 | 1.78% | +0.06% | +87.04% | |
| 14 | KDP | Keurig Dr Pepper Inc | 股票-非循環性消費 | 1.75% | +0.21% | -3.23% | |
| 15 | AMT | American Tower CORP | 股票-房地產 | 1.73% | -0.17% | -3.14% | |
| 16 | VALE | Vale Sa-sp Adr | 股票-原物料 | 1.60% | -0.60% | +28.15% | |
| 17 | CEG | Constellation Energy | 股票-公用事業 | 1.57% | -0.51% | -28.94% | |
| 18 | CMS | Cms Energy CORP | 股票-公用事業 | 1.51% | -0.12% | -2.36% | |
| 19 | NEE | Nextera Energy Inc | 股票-公用事業 | 1.47% | -0.27% | -22.74% | |
| 20 | PM | Philip Morris International | 股票-非循環性消費 | 1.42% | +0.02% | +54.83% | |
| 21 | ABEV | Ambev Sa-adr | 股票-非循環性消費 | 1.30% | -0.01% | -2.30% | |
| 22 | D | Dominion Energy Inc | 股票-公用事業 | 1.26% | -0.05% | -22.56% | |
| 23 | LOMA | Loma Negra Cia Ind-spon Adr | 股票-其他 | 1.25% | -0.06% | +36.84% | |
| 24 | BSAC | Banco Santander-chile-adr | 股票-其他 | 1.23% | — | -5.21% | |
| 25 | PEP | Pepsico Inc | 股票-非循環性消費 | 1.23% | -0.21% | -3.38% | |
| 26 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 1.10% | -0.01% | -3.22% | |
| 27 | BRX | Brixmor Property Group Inc | 股票-房地產 | 1.08% | +0.02% | -3.63% | |
| 28 | PEG | Public Service Enterprise Gp | 股票-公用事業 | 1.07% | -0.06% | -6.09% | |
| 29 | EMBJ | Embraer Sa-spon Adr | 股票-工業 | 1.04% | -0.01% | +57.08% | |
| 30 | BABA | Alibaba Group Holding-sp Adr | 股票-循環性消費 | 1.01% | -0.13% | -5.89% | |
| 31 | MELI | Mercadolibre Inc | 股票-循環性消費 | 0.99% | -0.07% | -4.18% | |
| 32 | AKAM 1.125 02-15-29債券 | Akamai Technologies Inc | 債券 | 0.88% | -0.82% | EXIT | |
| 33 | FRT | Federal Realty Invs Trust | 股票-房地產 | 0.88% | +0.06% | -3.67% | |
| 34 | CWEN | Clearway Energy Inc-c | 股票-公用事業 | 0.86% | -0.13% | -29.42% | |
| 35 | EPAM | Epam Systems Inc | 股票-科技 | 0.78% | -0.31% | — | |
| 36 | TEL | TE Connectivity plc | 股票-科技 | 0.77% | +0.18% | +4.37% | |
| 37 | HUBB | Hubbell Inc | 股票-工業 | 0.73% | -0.06% | +8.06% | |
| 38 | PCG | P G & E CORP | 股票-公用事業 | 0.71% | +0.23% | — | |
| 39 | AQN | Algonquin Power & Utilities | 股票-其他 | 0.70% | -0.06% | -23.45% | |
| 40 | SUPV | Grupo Supervielle Sa-sp Adr | 股票-其他 | 0.68% | -0.03% | +58.32% | |
| 41 | SO 4.5 06-15-27債券 | Southern Co | 債券 | 0.61% | -0.03% | -20.18% | |
| 42 | TEO | Telecom Argentina Sa-sp Adr | 股票-其他 | 0.58% | — | +50.67% | |
| 43 | WEC 4.375 06-01-29債券 | Wec Energy Group Inc | 債券 | 0.57% | -0.05% | -4.76% | |
| 44 | FSLR | First Solar Inc | 股票-科技 | 0.53% | — | -36.68% | |
| 45 | ORA | Ormat Technologies Inc | 股票-公用事業 | 0.53% | -0.06% | -28.07% | |
| 46 | JD 0.25 06-01-29債券 | Jd.com Inc | 債券 | 0.53% | -0.07% | -20.36% | |
| 47 | DUK 4.125 04-15-26債券 | Duke Energy CORP | 債券 | 0.52% | — | -0.19% | |
| 48 | TECK | Teck Resources Ltd-cls B | 股票-原物料 | 0.50% | +0.01% | -37.55% | |
| 49 | EXPE 0 02-15-26債券 | Expedia Group Inc | 債券 | 0.50% | — | -27.96% | |
| 50 | XEL | Xcel Energy Inc | 股票-公用事業 | 0.49% | -0.05% | -31.30% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | M | Macy's, Inc. | +2.4% | +0.58% | 加碼 |
| 2 | VIST | Vista Energy Sab De Cv | +1.1% | +87.04% | 加碼 |
| 3 | GGAL | Grupo Financiero Galicia-adr | +1.1% | -1.21% | 減碼 |
| 4 | PAYX | Paychex Inc | +0.8% | +86.23% | 加碼 |
| 5 | LOMA | Loma Negra Cia Ind-spon Adr | +0.7% | +36.84% | 加碼 |
| 6 | OMC | Omnicom Group | +0.7% | +48.01% | 加碼 |
| 7 | VALE | Vale Sa-sp Adr | +0.6% | +28.15% | 加碼 |
| 8 | LEA | Lear CORP | +0.6% | +3.46% | 加碼 |
| 9 | SQM | Quimica Y Minera Chil-sp Adr | +0.5% | -23.99% | 減碼 |
| 10 | GFI | Gold Fields Ltd-spons Adr | +0.5% | +15.95% | 加碼 |
| 11 | SUPV | Grupo Supervielle Sa-sp Adr | +0.5% | +58.32% | 加碼 |
| 12 | PM | Philip Morris International | +0.5% | +54.83% | 加碼 |
| 13 | EMBJ | Embraer Sa-spon Adr | +0.4% | +57.08% | 加碼 |
| 14 | TEO | Telecom Argentina Sa-sp Adr | +0.3% | +50.67% | 加碼 |
| 15 | JNJ | Johnson & Johnson | +0.2% | -3.33% | 減碼 |
| 16 | MRK | Merck & Co. Inc. | +0.2% | -3.22% | 減碼 |
| 17 | TAP | Molson Coors Beverage Co - B | +0.2% | +2.69% | 加碼 |
| 18 | CMS 3.375 05-01-28債券 | Cms Energy CORP | +0.2% | +82.87% | 加碼 |
| 19 | BSAC | Banco Santander-chile-adr | +0.1% | -5.21% | 減碼 |
| 20 | DAL | Delta Air Lines Inc | +0.1% | +12.59% | 加碼 |
| 21 | F 0 03-15-26債券 | Ford Motor Company | +0.1% | +53.08% | 加碼 |
| 22 | SYF | Synchrony Financial | +0.1% | +14.26% | 加碼 |
| 23 | KDP | Keurig Dr Pepper Inc | +0.1% | -3.23% | 減碼 |
| 24 | ABEV | Ambev Sa-adr | +0.1% | -2.30% | 減碼 |
| 25 | AWK | American Water Works Co Inc | +0.1% | +69.16% | 加碼 |
| 26 | HUBB | Hubbell Inc | +0.1% | +8.06% | 加碼 |
| 27 | TLN | Talen Energy CORP | +0.1% | +34.86% | 加碼 |
| 28 | TEL | TE Connectivity plc | +0.1% | +4.37% | 加碼 |
| 29 | TYL 0.25 03-15-26債券 | Tyler Technologies Inc | +0.1% | +128.57% | 加碼 |
| 30 | LYFT 0.625 03-01-29債券 | Lyft Inc | +0.1% | +42.62% | 加碼 |
| 31 | ETSY 0.125 10-01-26債券 | Etsy Inc | +0.1% | +366.02% | 加碼 |
| 32 | JXN | Jackson Financial Inc-a | +0.1% | +14.45% | 加碼 |
| 33 | LNT 3.875 03-15-26債券 | Alliant Energy CORP | +0.1% | +21.05% | 加碼 |
| 34 | AKAM 1.125 02-15-29債券 | Akamai Technologies Inc | +0.1% | -0.89% | 減碼 |
| 35 | ITRI 0 03-15-26債券 | Itron Inc | 0% | +28.90% | 加碼 |
| 36 | ✓ | Corporacion Amer Arpts S A | 0% | — | 不變 |
| 37 | MKSI 1.25 06-01-30債券 | Mks Inc | 0% | +2.44% | 加碼 |
| 38 | CNP 4.25 08-15-26債券 | Centerpoint Energy Inc | 0% | +6.74% | 加碼 |
| 39 | PEP | Pepsico Inc | 0% | -3.38% | 減碼 |
| 40 | ALRM 2.25 06-01-29債券 | Alarm.com Hldgs Inc | 0% | +10.78% | 加碼 |
| 41 | LLY | Eli Lilly & Co | 0% | +0.53% | 加碼 |
| 42 | TMO | Thermo Fisher Scientific Inc | 0% | +46.96% | 加碼 |
| 43 | COIN 0.5 06-01-26債券 | Coinbase Global Inc | 0% | +48.88% | 加碼 |
| 44 | EYPT | Eyepoint Inc | 0% | +6.42% | 加碼 |
| 45 | DINO | Hf Sinclair CORP | 0% | +14.27% | 加碼 |
| 46 | PNW 4.75 06-15-27債券 | Pinnacle West Capital | 0% | +0.45% | 加碼 |
| 47 | RUN | Sunrun Inc | — | -8.11% | 減碼 |
| 48 | PL | Planet Labs Pbc | — | -18.01% | 減碼 |
| 49 | PDD | Pdd Holdings Inc | — | — | 不變 |
| 50 | PRGS 3.5 03-01-30債券 | Progress Software CORP | — | +5.29% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，RWC Asset Management LLP 在 Q4 2025 季度的美股持倉總市值約為 US$26.4億，共申報了 166 個公開持股部位。
在 Q4 2025 季度，RWC Asset Management LLP 按市值排列的前三大核心持股分別為：M (11.9%)、HPQ (6.6%)、EXC (3.9%)。其中最大持股部位 M 佔據整體投資組合約 11.9% 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
EPAM
市值: US$1588.4萬
本季最大獲利了結 / 清倉標的
CSCO
前期市值: US$5214.5萬
在 Q4 2025 季度中，RWC Asset Management LLP 共進行了 183 項持倉異動，包含新建倉 24 個部位、加碼 41 個部位、減碼 80 個部位以及清倉 38 個部位。 其中最大新建倉標的為 EPAM。 本季清倉部位包含 CSCO。
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。