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: 0001591744
申報總市值
US$11.4億
US$11.4億
104 檔
24.8%
在 Q3 2025 的 13F 官方備案中，Shellback Capital, LP 管理的美股投資組合規模來到 US$11.4億，整體持股檔數為 104 檔。
Shellback Capital, LP 於 Q3 2025 展現出進攻型調倉步調，本季推動了 54 檔股票的新建倉與 26 檔既有部位加碼，整體資金傾向擴大在美股市場的曝險佈局。
從部位權重觀察，前 5 大標的（包含 CFG, ULTA, TPR）累計市值佔比達 24.8%，是驅動 Shellback Capital, LP 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 | CFG | Citizens Financial Group | 股票-金融 | 4.42% | -0.85% | EXIT | |
| 2 | ULTA | Ulta Beauty Inc | 股票-循環性消費 | 4.39% | — | -8.11% | |
| 3 | TPR | Tapestry Inc | 股票-循環性消費 | 3.42% | -1.74% | -33.29% | |
| 4 | RL | Ralph Lauren CORP | 股票-循環性消費 | 2.92% | -1.79% | +69.22% | |
| 5 | NFLX | Netflix Inc | 股票-通訊服務 | 2.81% | +0.25% | NEW | |
| 6 | SPOT | Spotify Technology S.A. | 股票-通訊服務 | 2.44% | -0.50% | +57.82% | |
| 7 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.33% | -1.63% | EXIT | |
| 8 | W | Wayfair Inc- Class A | 股票-循環性消費 | 2.28% | -0.54% | -15.16% | |
| 9 | DKS | Dick's Sporting Goods Inc | 股票-循環性消費 | 2.19% | +1.55% | +8.54% | |
| 10 | CCL1EUR | Carnival CORP LTD | 股票-循環性消費 | 2.11% | -0.55% | EXIT | |
| 11 | A | Agilent Technologies Inc | 股票-醫療保健 | 2.08% | — | — | |
| 12 | DASH | Doordash Inc - A | 股票-循環性消費 | 2.07% | +0.70% | +200.00% | |
| 13 | ROST | Ross Stores Inc | 股票-循環性消費 | 2.06% | -2.87% | +36.99% | |
| 14 | GS | Goldman Sachs Group Inc | 股票-金融 | 2.02% | — | — | |
| 15 | ORCL | Oracle CORP | 股票-科技 | 2.01% | — | — | |
| 16 | DHI | Dr Horton Inc | 股票-循環性消費 | 1.77% | +1.14% | NEW | |
| 17 | OLLI | Ollie's Bargain Outlet Holdi | 股票-非循環性消費 | 1.74% | -0.51% | -10.97% | |
| 18 | CRWV | Coreweave Inc-cl A | 股票-科技 | 1.73% | +0.46% | NEW | |
| 19 | LFUS | Littelfuse Inc | 股票-科技 | 1.71% | — | +155.12% | |
| 20 | RCL | Royal Caribbean Cruises Ltd. | 股票-循環性消費 | 1.64% | -0.15% | -30.43% | |
| 21 | DKNG | Draftkings Inc-cl A | 股票-循環性消費 | 1.54% | +0.10% | +18.18% | |
| 22 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 1.54% | -0.60% | EXIT | |
| 23 | CHDN | Churchill Downs Inc | 股票-循環性消費 | 1.54% | -0.57% | +42.86% | |
| 24 | AS | Amer Sports, Inc. | 股票-循環性消費 | 1.51% | -1.42% | -13.13% | |
| 25 | BOOT | Boot Barn Holdings Inc | 股票-循環性消費 | 1.48% | +0.09% | +50.00% | |
| 26 | SN | SharkNinja, Inc. | 股票-循環性消費 | 1.43% | -2.94% | EXIT | |
| 27 | AZO | Autozone Inc | 股票-循環性消費 | 1.41% | -0.10% | EXIT | |
| 28 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.39% | — | — | |
| 29 | ORLY | O'reilly Automotive Inc | 股票-循環性消費 | 1.34% | +0.36% | NEW | |
| 30 | PAY | Paymentus Holdings Inc-a | 股票-其他 | 1.33% | — | — | |
| 31 | FIVE | Five Below | 股票-循環性消費 | 1.31% | +0.55% | NEW | |
| 32 | TKR | Timken Co | 股票-工業 | 1.30% | — | +4.10% | |
| 33 | GPI | Group 1 Automotive Inc | 股票-循環性消費 | 1.30% | -0.82% | -21.83% | |
| 34 | BURL | Burlington Stores Inc | 股票-循環性消費 | 1.27% | -1.49% | +58.00% | |
| 35 | PINS | Pinterest Inc- Class A | 股票-通訊服務 | 1.20% | — | +114.66% | |
| 36 | HD | Home Depot Inc | 股票-循環性消費 | 1.18% | +3.83% | NEW | |
| 37 | BBY | Best Buy Co Inc | 股票-循環性消費 | 1.15% | +0.85% | NEW | |
| 38 | EL | Estee Lauder Companies-cl A | 股票-非循環性消費 | 1.14% | — | — | |
| 39 | MOD | Modine Manufacturing Co | 股票-循環性消費 | 1.12% | — | — | |
| 40 | CUBI | Customers Bancorp Inc | 股票-其他 | 1.10% | — | — | |
| 41 | CPRI | Capri Holdings Limited | 股票-循環性消費 | 1.03% | -1.80% | EXIT | |
| 42 | WYNN | Wynn Resorts LTD | 股票-循環性消費 | 0.98% | -0.07% | EXIT | |
| 43 | CHRW | C.h. Robinson Worldwide Inc | 股票-工業 | 0.96% | — | — | |
| 44 | ASO | Academy Sports & Outdoors In | 股票-循環性消費 | 0.91% | +0.37% | NEW | |
| 45 | EBAY | Ebay Inc | 股票-循環性消費 | 0.81% | — | — | |
| 46 | VMC | Vulcan Materials Co | 股票-原物料 | 0.78% | — | — | |
| 47 | BCO | Brink's Co/the | 股票-工業 | 0.78% | — | — | |
| 48 | MU | Micron Technology Inc | 股票-科技 | 0.74% | -1.44% | EXIT | |
| 49 | CVNA | Carvana Co | 股票-循環性消費 | 0.72% | — | — | |
| 50 | CART | Maplebear Inc | 股票-循環性消費 | 0.70% | -0.81% | +50.00% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | ULTA | Ulta Beauty Inc | +2.3% | -8.11% | 加碼 |
| 2 | RL | Ralph Lauren CORP | +1% | +69.22% | 加碼 |
| 3 | PINS | Pinterest Inc- Class A | +0.8% | +114.66% | 加碼 |
| 4 | WYNN | Wynn Resorts LTD | +0.8% | +380.00% | 加碼 |
| 5 | CHDN | Churchill Downs Inc | +0.7% | +42.86% | 加碼 |
| 6 | DASH | Doordash Inc - A | +0.7% | +200.00% | 加碼 |
| 7 | SPOT | Spotify Technology S.A. | +0.6% | +57.82% | 加碼 |
| 8 | CUBI | Customers Bancorp Inc | +0.5% | — | 加碼 |
| 9 | UAL | United Airlines Holdings Inc | +0.5% | -48.73% | 加碼 |
| 10 | LFUS | Littelfuse Inc | +0.4% | +155.12% | 加碼 |
| 11 | DIS | Walt Disney Co/the | +0.3% | -20.00% | 加碼 |
| 12 | CART | Maplebear Inc | +0.3% | +50.00% | 加碼 |
| 13 | SN | SharkNinja, Inc. | +0.3% | +50.85% | 加碼 |
| 14 | PTON | Peloton Interactive Inc-a | +0.3% | +5.26% | 加碼 |
| 15 | RDDT | Reddit Inc-cl A | +0.2% | — | 加碼 |
| 16 | CCL1EUR | Carnival CORP LTD | +0.2% | +44.11% | 加碼 |
| 17 | BIRK | Birkenstock Holding plc | +0.2% | +314.00% | 加碼 |
| 18 | META | Meta Platforms Inc-class A | +0.1% | +25.00% | 加碼 |
| 19 | ASO | Academy Sports & Outdoors In | 0% | +269.68% | 加碼 |
| 20 | CZR | Caesars Entertainment Inc | 0% | +50.00% | 加碼 |
| 21 | MTH | Meritage Homes CORP | 0% | +31.05% | 加碼 |
| 22 | DAL | Delta Air Lines Inc | 0% | -33.33% | 不變 |
| 23 | SAIA | Saia Inc | 0% | — | 加碼 |
| 24 | ONEW | Onewater Marine Inc-cl A | 0% | — | 不變 |
| 25 | BOOT | Boot Barn Holdings Inc | -0.1% | +50.00% | 減碼 |
| 26 | TOL | Toll Brothers Inc | -0.1% | — | 不變 |
| 27 | TJX | Tjx Companies Inc | -0.1% | +35.97% | 加碼 |
| 28 | HZO | Marinemax Inc | -0.2% | -7.06% | 減碼 |
| 29 | BKNG | Booking Holdings Inc | -0.3% | +50.00% | 加碼 |
| 30 | SRAD | Sportradar Group AG | -0.3% | -49.88% | 減碼 |
| 31 | CPA | Copa Holdings, S.A. | -0.3% | — | 減碼 |
| 32 | OLLI | Ollie's Bargain Outlet Holdi | -0.5% | -10.97% | 加碼 |
| 33 | LYV | Live Nation Entertainment In | -0.5% | -72.73% | 減碼 |
| 34 | WMT | Walmart Inc | -0.6% | +1000.00% | 減碼 |
| 35 | NCLH | Norwegian Cruise Line Holdings Ltd. | -0.7% | -14.29% | 減碼 |
| 36 | ABNB | Airbnb Inc-class A | -0.7% | -62.80% | 減碼 |
| 37 | AS | Amer Sports, Inc. | -0.7% | -13.13% | 減碼 |
| 38 | TSEM | Tower Semiconductor Ltd. | -0.8% | -89.12% | 減碼 |
| 39 | NFLX | Netflix Inc | -0.8% | +85.00% | 減碼 |
| 40 | ORLY | O'reilly Automotive Inc | -1% | +25.64% | 加碼 |
| 41 | AMZN | Amazon.com Inc | -1% | -87.50% | 減碼 |
| 42 | BURL | Burlington Stores Inc | -1.3% | +58.00% | 減碼 |
| 43 | DKS | Dick's Sporting Goods Inc | -1.3% | +8.54% | 減碼 |
| 44 | AZO | Autozone Inc | -1.4% | -8.77% | 減碼 |
| 45 | DKNG | Draftkings Inc-cl A | -1.4% | +18.18% | 減碼 |
| 46 | LTH | Life Time Group Holdings Inc | -1.7% | +34.28% | 減碼 |
| 47 | DOV | Dover CORP | -1.8% | -99.32% | 減碼 |
| 48 | GPI | Group 1 Automotive Inc | -1.8% | -21.83% | 減碼 |
| 49 | TPR | Tapestry Inc | -1.9% | -33.29% | 減碼 |
| 50 | RCL | Royal Caribbean Cruises Ltd. | -2.3% | -30.43% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Shellback Capital, LP 在 Q3 2025 季度的美股持倉總市值約為 US$11.4億，共申報了 104 個公開持股部位。
在 Q3 2025 季度，Shellback Capital, LP 按市值排列的前三大核心持股分別為：CFG (4.4%)、ULTA (4.4%)、TPR (3.4%)。其中最大持股部位 CFG 佔據整體投資組合約 4.4% 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
CFG
市值: US$6967.4萬
本季最大獲利了結 / 清倉標的
JPM
前期市值: US$3066.3萬
在 Q3 2025 季度中，Shellback Capital, LP 共進行了 138 項持倉異動，包含新建倉 54 個部位、加碼 26 個部位、減碼 21 個部位以及清倉 37 個部位。 其中最大新建倉標的為 CFG。 本季清倉部位包含 JPM。
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。