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: 0001996244
申報總市值
US$158.9億
US$158.9億
178 檔
20.8%
根據最新整理的 13F 季度數據集，SIH Partners, LLLP 於 Q4 2025 結束時的管理資產規模為 US$158.9億。該機構在本季度申報了 178 檔美股持倉，呈現出該時期的主要投資地圖。
Q4 2025 的申報記錄反映 SIH Partners, LLLP 的板塊替換策略：機構本季推動了 94 筆增持與 105 筆減持，籌碼呈現明顯的結構重組。
檢視投資組合結構，前 5 大主力部位（包含 TTE, UBS, STLA）占據了總市值的 20.8%，展現出該機構在 Q4 2025 的重點資金聚焦與風險分佈特徵。
本季最大新建倉標的
TTE
市值: US$9.1億
本季最大獲利了結 / 清倉標的
TIP
前期市值: US$1664.8萬
| # | 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 | TTE | TotalEnergies SE | 股票-其他 | 17.33% | -9.51% | — | |
| 2 | UBS | UBS Group AG | 股票-金融 | 15.91% | -6.81% | +44.72% | |
| 3 | STLA | Stellantis N.V. | 股票-循環性消費 | 13.56% | -6.09% | -12.57% | |
| 4 | DB | Deutsche Bank Aktiengesellschaft | 股票-金融 | 8.97% | -2.11% | +2.92% | |
| 5 | RACE | Ferrari N.V. | 股票-循環性消費 | 6.80% | -5.06% | +80.29% | |
| 6 | ALC | Alcon Inc. | 股票-醫療保健 | 6.45% | -0.93% | -25.94% | |
| 7 | BABA | Alibaba Group Holding-sp Adr | 股票-循環性消費 | 3.38% | -3.30% | +505.43% | |
| 8 | JD | Jd.com Inc-adr | 股票-循環性消費 | 2.72% | -1.05% | +74.15% | |
| 9 | LOGI | Logitech International S.A. | 股票-科技 | 2.38% | -1.53% | -24.51% | |
| 10 | FXI | Ishares China Large-cap ETF | ETF-新興市場 | 1.77% | -1.38% | +541.40% | |
| 11 | AMRZ | Amrize Ltd | 股票-原物料 | 1.66% | -0.67% | +175.86% | |
| 12 | NVDA | Nvidia CORP | 股票-科技 | 1.43% | -0.68% | +255.38% | |
| 13 | FLUT | Flutter Entertainment plc | 股票-循環性消費 | 1.11% | -0.24% | +329.93% | |
| 14 | ✓ | Ferrovial Se | 股票-其他 | 0.98% | -0.78% | -28.07% | |
| 15 | AVGO | Broadcom Inc | 股票-科技 | 0.86% | -0.23% | +1552.59% | |
| 16 | XPEV | Xpeng Inc - Adr | 股票-其他 | 0.86% | -0.38% | +799.23% | |
| 17 | BIDU | Baidu Inc - Spon Adr | 股票-通訊服務 | 0.81% | -0.08% | +234.28% | |
| 18 | MSTR | Strategy Inc | 股票-科技 | 0.75% | -0.26% | — | |
| 19 | LI | Li Auto Inc - Adr | 股票-其他 | 0.71% | -0.62% | +184.74% | |
| 20 | NTES | Netease Inc-adr | 股票-通訊服務 | 0.69% | -0.59% | +5.17% | |
| 21 | KWEB | Kranesh Csi China Internet | ETF-新興市場 | 0.65% | -1.21% | — | |
| 22 | ASHR | Xtrackers Harvest Csi 300 Ch | ETF-其他 | 0.52% | -0.08% | EXIT | |
| 23 | BILI | Bilibili Inc-sponsored Adr | 股票-其他 | 0.48% | -0.40% | +327.07% | |
| 24 | TCOM | Trip.com Group Ltd-adr | 股票-循環性消費 | 0.43% | -0.07% | -2.59% | |
| 25 | WMT | Walmart Inc | 股票-非循環性消費 | 0.41% | — | +1774.55% | |
| 26 | BHP | Bhp Group Ltd-spon Adr | 股票-原物料 | 0.35% | -1.42% | -83.51% | |
| 27 | ASML | ASML Holding N.V. | 股票-科技 | 0.34% | +0.02% | +373.07% | |
| 28 | TSEM | Tower Semiconductor Ltd. | 股票-科技 | 0.31% | — | — | |
| 29 | TSLA | Tesla Inc | 股票-循環性消費 | 0.29% | -0.05% | +380.14% | |
| 30 | VMC | Vulcan Materials Co | 股票-原物料 | 0.29% | — | +354.64% | |
| 31 | NFLX | Netflix Inc | 股票-通訊服務 | 0.27% | — | +1350.38% | |
| 32 | FERG | Ferguson Enterprises Inc | 股票-工業 | 0.25% | -0.09% | -10.25% | |
| 33 | COHR | Coherent CORP | 股票-科技 | 0.23% | -0.02% | — | |
| 34 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.22% | -0.18% | EXIT | |
| 35 | FRO | Frontline plc | 股票-其他 | 0.22% | -0.15% | -39.47% | |
| 36 | VOD | Vodafone Group Plc-sp Adr | 股票-通訊服務 | 0.19% | -0.09% | -20.88% | |
| 37 | XLP | Ss Consumer Staples Sel Sect | ETF-其他 | 0.18% | — | -14.04% | |
| 38 | GDS | Gds Holdings LTD - Adr | 股票-其他 | 0.18% | -0.10% | +16.26% | |
| 39 | IJR | Ishares Core S&p Small-cap E | ETF-中小型股 | 0.17% | — | — | |
| 40 | URI | United Rentals Inc | 股票-工業 | 0.17% | -0.05% | EXIT | |
| 41 | ZTO | Zto Express Cayman Inc-adr | 股票-其他 | 0.16% | -0.07% | -8.33% | |
| 42 | ETHA | Ishares Ethereum Trust ETF | ETF-其他 | 0.15% | — | — | |
| 43 | MTUM | Ishares Msci USA Momentum Fa | ETF-其他 | 0.15% | — | — | |
| 44 | MICC | The Magnum Ice Cream Company N. | 股票-非循環性消費 | 0.14% | -0.05% | — | |
| 45 | JHX | James Hardie Industries plc | 股票-其他 | 0.14% | -0.46% | — | |
| 46 | MRVL | Marvell Technology Inc | 股票-科技 | 0.14% | -0.02% | EXIT | |
| 47 | QGEN | Qiagen N.V. | 股票-醫療保健 | 0.13% | — | -29.63% | |
| 48 | AAPL | Apple Inc | 股票-科技 | 0.13% | +0.21% | -79.77% | |
| 49 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 0.12% | -0.19% | -70.44% | |
| 50 | ARGX | Argenx Se - Adr | 股票-醫療保健 | 0.12% | -0.04% | -68.16% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | BABA | Alibaba Group Holding-sp Adr | +2.4% | +505.43% | 加碼 |
| 2 | FXI | Ishares China Large-cap ETF | +1.3% | +541.40% | 加碼 |
| 3 | UBS | UBS Group AG | +1.3% | +44.72% | 加碼 |
| 4 | AMRZ | Amrize Ltd | +0.9% | +175.86% | 加碼 |
| 5 | NVDA | Nvidia CORP | +0.8% | +255.38% | 加碼 |
| 6 | AVGO | Broadcom Inc | +0.8% | +1552.59% | 加碼 |
| 7 | XPEV | Xpeng Inc - Adr | +0.7% | +799.23% | 加碼 |
| 8 | FLUT | Flutter Entertainment plc | +0.7% | +329.93% | 加碼 |
| 9 | BIDU | Baidu Inc - Spon Adr | +0.4% | +234.28% | 加碼 |
| 10 | WMT | Walmart Inc | +0.4% | +1774.55% | 加碼 |
| 11 | BILI | Bilibili Inc-sponsored Adr | +0.3% | +327.07% | 加碼 |
| 12 | ASML | ASML Holding N.V. | +0.2% | +373.07% | 加碼 |
| 13 | PLTR | Palantir Technologies Inc-a | +0.2% | +2181.83% | 加碼 |
| 14 | TSLA | Tesla Inc | +0.2% | +380.14% | 加碼 |
| 15 | VMC | Vulcan Materials Co | +0.2% | +354.64% | 加碼 |
| 16 | LI | Li Auto Inc - Adr | +0.2% | +184.74% | 加碼 |
| 17 | URI | United Rentals Inc | +0.1% | +662.32% | 加碼 |
| 18 | MRVL | Marvell Technology Inc | +0.1% | +355.91% | 加碼 |
| 19 | IONQ | Ionq Inc | +0.1% | +1350.26% | 加碼 |
| 20 | OKLO | Oklo Inc | +0.1% | +857.27% | 加碼 |
| 21 | CAT | Caterpillar Inc | +0.1% | +732.54% | 加碼 |
| 22 | NBIS | Nebius Group N.V. | 0% | +910.73% | 加碼 |
| 23 | YUMC | Yum China Holdings Inc | 0% | +205.99% | 加碼 |
| 24 | AA | Alcoa CORP | 0% | +73.09% | 加碼 |
| 25 | BE | Bloom Energy Corp- A | 0% | +374.44% | 加碼 |
| 26 | BP | Bp Plc-spons Adr | 0% | +169.79% | 加碼 |
| 27 | SPOT | Spotify Technology S.A. | 0% | +83.04% | 加碼 |
| 28 | RMD | Resmed Inc | — | +64.54% | 加碼 |
| 29 | TER | Teradyne Inc | — | — | 不變 |
| 30 | ✓ | — | +119.22% | 加碼 | |
| 31 | LIT | Global X Lithium & Battery T | 0% | +8.53% | 加碼 |
| 32 | SMR | Nuscale Power CORP | 0% | -1.20% | 減碼 |
| 33 | CLS | Celestica Inc | 0% | -74.07% | 減碼 |
| 34 | ALAB | Astera Labs Inc | 0% | -60.38% | 減碼 |
| 35 | PVH | Pvh CORP | 0% | -25.48% | 減碼 |
| 36 | ORCL | Oracle CORP | 0% | +17.09% | 加碼 |
| 37 | ARM | Arm Holdings Plc-adr | 0% | -14.90% | 減碼 |
| 38 | RL | Ralph Lauren CORP | 0% | -43.34% | 減碼 |
| 39 | BITB | Bitwise Bitcoin ETF | -0.1% | -81.20% | 減碼 |
| 40 | SMCI | Super Micro Computer Inc | -0.1% | -62.41% | 減碼 |
| 41 | GOOGL | Alphabet Inc-cl A | -0.1% | -92.57% | 減碼 |
| 42 | COIN | Coinbase Global Inc -class A | -0.1% | +0.46% | 加碼 |
| 43 | GDS | Gds Holdings LTD - Adr | -0.1% | +16.26% | 加碼 |
| 44 | NFLX | Netflix Inc | -0.1% | +1350.38% | 加碼 |
| 45 | SW | Smurfit Westrock Plc | -0.1% | -31.50% | 減碼 |
| 46 | CRWV | Coreweave Inc-cl A | -0.1% | -18.48% | 減碼 |
| 47 | AMCR | Amcor plc | -0.1% | -92.42% | 減碼 |
| 48 | META | Meta Platforms Inc-class A | -0.1% | -74.34% | 減碼 |
| 49 | JD | Jd.com Inc-adr | -0.1% | +74.15% | 加碼 |
| 50 | VOD | Vodafone Group Plc-sp Adr | -0.1% | -20.88% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，SIH Partners, LLLP 在 Q4 2025 季度的美股持倉總市值約為 US$158.9億，共申報了 178 個公開持股部位。
在 Q4 2025 季度，SIH Partners, LLLP 按市值排列的前三大核心持股分別為：TTE (17.3%)、UBS (15.9%)、STLA (13.6%)。其中最大持股部位 TTE 佔據整體投資組合約 17.3% 的權重。
在 Q4 2025 季度中，SIH Partners, LLLP 共進行了 199 項持倉異動，包含新建倉 56 個部位、加碼 38 個部位、減碼 32 個部位以及清倉 73 個部位。 其中最大新建倉標的為 TTE。 本季清倉部位包含 TIP。
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。
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。
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。