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: 0000932024
申報總市值
US$6.1億
US$6.1億
80 檔
18.7%
Skba Capital Management LLC 在 Q4 2025 季度的美股部位總計估值為 US$6.1億，分散於 80 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 Skba Capital Management LLC 於 Q4 2025 季度持續回收資金，對 25 個既有部位進行裁減並清倉 4 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 MDT, RTX, CME）累計市值佔比達 18.7%，是驅動 Skba Capital Management LLC 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 | MDT | Medtronic plc | 股票-醫療保健 | 4.26% | -0.45% | -0.02% | |
| 2 | RTX | Rtx CORP | 股票-工業 | 3.82% | -0.27% | -16.15% | |
| 3 | CME | Cme Group Inc | 股票-金融 | 2.74% | -0.34% | -0.03% | |
| 4 | KTB | Kontoor Brands Inc | 股票-循環性消費 | 2.67% | +0.54% | +8.60% | |
| 5 | KMI | Kinder Morgan, Inc. | 股票-能源 | 2.59% | -0.10% | -7.68% | |
| 6 | NKE | Nike Inc -cl B | 股票-循環性消費 | 2.58% | -0.46% | +154.00% | |
| 7 | T | At&t Inc | 股票-通訊服務 | 2.57% | -0.64% | +1.16% | |
| 8 | CVX | Chevron CORP | 股票-能源 | 2.44% | -0.77% | +4.35% | |
| 9 | HR | Healthcare Realty Trust Inc | 股票-房地產 | 2.42% | +0.50% | +12.55% | |
| 10 | COP | Conocophillips | 股票-能源 | 2.36% | -0.64% | — | |
| 11 | MMM | 3m Co | 股票-工業 | 2.33% | +0.18% | -7.09% | |
| 12 | IBM | Intl Business Machines CORP | 股票-科技 | 2.32% | +0.39% | -20.84% | |
| 13 | C | Citigroup Inc | 股票-金融 | 2.29% | +0.19% | -23.41% | |
| 14 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 2.27% | — | -8.18% | |
| 15 | LHX | L3harris Technologies Inc | 股票-工業 | 2.24% | -0.18% | -2.54% | |
| 16 | HSY | Hershey Co/the | 股票-非循環性消費 | 2.12% | +0.03% | +9.00% | |
| 17 | WFC | Wells Fargo & Co | 股票-金融 | 2.10% | +0.08% | -7.03% | |
| 18 | KVUE | Kenvue Inc | 股票-非循環性消費 | 2.07% | +0.01% | -0.08% | |
| 19 | PNW | Pinnacle West Capital | 股票-公用事業 | 2.00% | -0.05% | -1.54% | |
| 20 | CRBG | Corebridge Financial Inc | 股票-金融 | 2.00% | -1.02% | -14.46% | |
| 21 | TFC | Truist Financial CORP | 股票-金融 | 1.97% | +0.04% | -0.02% | |
| 22 | NXPI | NXP Semiconductors N.V. | 股票-科技 | 1.94% | +0.72% | +23.18% | |
| 23 | RDN | Radian Group Inc | 股票-金融 | 1.94% | +0.16% | — | |
| 24 | DEO | Diageo Plc-sponsored Adr | 股票-非循環性消費 | 1.87% | +0.19% | +7.50% | |
| 25 | XRAY | Dentsply Sirona Inc | 股票-醫療保健 | 1.87% | -0.06% | +0.90% | |
| 26 | CSCO | Cisco Systems Inc | 股票-科技 | 1.82% | +0.24% | -0.02% | |
| 27 | APD | Air Products & Chemicals Inc | 股票-原物料 | 1.82% | +0.04% | -0.48% | |
| 28 | AIG | American International Group | 股票-金融 | 1.79% | -0.06% | -8.94% | |
| 29 | PFE | Pfizer Inc | 股票-醫療保健 | 1.75% | -0.22% | +0.67% | |
| 30 | MET | Metlife Inc | 股票-金融 | 1.72% | +0.12% | — | |
| 31 | BDX | Becton Dickinson And Co | 股票-醫療保健 | 1.65% | +0.12% | +4.14% | |
| 32 | AEP | American Electric Power | 股票-公用事業 | 1.58% | -0.05% | -6.60% | |
| 33 | HAS | Hasbro Inc | 股票-循環性消費 | 1.54% | -0.21% | -9.61% | |
| 34 | PSX | Phillips 66 | 股票-能源 | 1.52% | -0.61% | -1.54% | |
| 35 | AMGN | Amgen Inc | 股票-醫療保健 | 1.50% | -0.13% | -6.64% | |
| 36 | NTAP | Netapp Inc | 股票-科技 | 1.50% | +0.27% | -11.45% | |
| 37 | GPK | Graphic Packaging Holding Co | 股票-循環性消費 | 1.48% | -0.03% | +1467.39% | |
| 38 | PKG | Packaging CORP Of America | 股票-循環性消費 | 1.48% | +0.04% | -1.95% | |
| 39 | USB | US Bancorp | 股票-金融 | 1.47% | +0.13% | +0.10% | |
| 40 | WY | Weyerhaeuser Co | 股票-房地產 | 1.36% | +0.04% | +0.91% | |
| 41 | VICI | Vici Properties Inc | 股票-房地產 | 1.27% | — | — | |
| 42 | TXN | Texas Instruments Inc | 股票-科技 | 1.22% | +0.51% | +0.08% | |
| 43 | UNP | Union Pacific CORP | 股票-工業 | 1.14% | +0.01% | -0.03% | |
| 44 | PH | Parker Hannifin CORP | 股票-工業 | 1.06% | -0.07% | -14.37% | |
| 45 | PHG | Koninklijke Philips Nvr- Ny | 股票-醫療保健 | 1.03% | — | -0.01% | |
| 46 | CAH | Cardinal Health Inc | 股票-醫療保健 | 1.01% | +0.03% | -25.73% | |
| 47 | DRI | Darden Restaurants Inc | 股票-循環性消費 | 0.96% | -0.03% | -26.65% | |
| 48 | GPC | Genuine Parts Co | 股票-循環性消費 | 0.92% | — | -0.04% | |
| 49 | INGR | Ingredion Inc | 股票-非循環性消費 | 0.91% | -0.10% | +0.35% | |
| 50 | O | Realty Income CORP | 股票-房地產 | 0.90% | -0.09% | -6.71% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | NKE | Nike Inc -cl B | +1.5% | +154.00% | 加碼 |
| 2 | GPK | Graphic Packaging Holding Co | +1.4% | +1467.39% | 加碼 |
| 3 | MRK | Merck & Co. Inc. | +0.4% | -8.18% | 減碼 |
| 4 | NXPI | NXP Semiconductors N.V. | +0.3% | +23.18% | 加碼 |
| 5 | CSCO | Cisco Systems Inc | +0.2% | -0.02% | 減碼 |
| 6 | TFC | Truist Financial CORP | +0.2% | -0.02% | 減碼 |
| 7 | HR | Healthcare Realty Trust Inc | +0.2% | +12.55% | 加碼 |
| 8 | USB | US Bancorp | +0.2% | +0.10% | 加碼 |
| 9 | HSY | Hershey Co/the | +0.2% | +9.00% | 加碼 |
| 10 | KVUE | Kenvue Inc | +0.2% | -0.08% | 減碼 |
| 11 | BDX | Becton Dickinson And Co | +0.2% | +4.14% | 加碼 |
| 12 | AMGN | Amgen Inc | +0.2% | -6.64% | 減碼 |
| 13 | WFC | Wells Fargo & Co | +0.1% | -7.03% | 減碼 |
| 14 | CVX | Chevron CORP | +0.1% | +4.35% | 加碼 |
| 15 | BAM | Brookfield Asset Mgmt-a | +0.1% | +16.16% | 加碼 |
| 16 | CLVT | Clarivate Plc | +0.1% | +113.62% | 加碼 |
| 17 | REGN | Regeneron Pharmaceuticals | 0% | -0.23% | 減碼 |
| 18 | HAS | Hasbro Inc | 0% | -9.61% | 減碼 |
| 19 | DEO | Diageo Plc-sponsored Adr | — | +7.50% | 加碼 |
| 20 | PNW | Pinnacle West Capital | — | -1.54% | 減碼 |
| 21 | WY | Weyerhaeuser Co | 0% | +0.91% | 加碼 |
| 22 | MET | Metlife Inc | 0% | — | 不變 |
| 23 | AEP | American Electric Power | 0% | -6.60% | 減碼 |
| 24 | MMM | 3m Co | 0% | -7.09% | 減碼 |
| 25 | TXN | Texas Instruments Inc | 0% | +0.08% | 加碼 |
| 26 | NVT | nVent Electric plc | -0.1% | -28.41% | 減碼 |
| 27 | PSX | Phillips 66 | -0.1% | -1.54% | 減碼 |
| 28 | INGR | Ingredion Inc | -0.1% | +0.35% | 加碼 |
| 29 | GPC | Genuine Parts Co | -0.1% | -0.04% | 減碼 |
| 30 | PKG | Packaging CORP Of America | -0.1% | -1.95% | 減碼 |
| 31 | LHX | L3harris Technologies Inc | -0.1% | -2.54% | 減碼 |
| 32 | O | Realty Income CORP | -0.1% | -6.71% | 減碼 |
| 33 | XRAY | Dentsply Sirona Inc | -0.1% | +0.90% | 加碼 |
| 34 | APD | Air Products & Chemicals Inc | -0.1% | -0.48% | 減碼 |
| 35 | VICI | Vici Properties Inc | -0.2% | — | 不變 |
| 36 | RTX | Rtx CORP | -0.2% | -16.15% | 減碼 |
| 37 | KMI | Kinder Morgan, Inc. | -0.2% | -7.68% | 減碼 |
| 38 | T | At&t Inc | -0.2% | +1.16% | 加碼 |
| 39 | C | Citigroup Inc | -0.2% | -23.41% | 減碼 |
| 40 | NTAP | Netapp Inc | -0.3% | -11.45% | 減碼 |
| 41 | DRI | Darden Restaurants Inc | -0.4% | -26.65% | 減碼 |
| 42 | IBM | Intl Business Machines CORP | -0.4% | -20.84% | 減碼 |
| 43 | CRBG | Corebridge Financial Inc | -0.4% | -14.46% | 減碼 |
| 44 | KTB | Kontoor Brands Inc | -0.5% | +8.60% | 加碼 |
| 45 | TAP | Molson Coors Beverage Co - B | — | EXIT | 清倉 |
| 46 | AL | Air Lease CORP | — | EXIT | 清倉 |
| 47 | VZ | Verizon Communications Inc | — | NEW | 新建倉 |
| 48 | CMCSA | Comcast Corp-class A | — | EXIT | 清倉 |
| 49 | ADBE | Adobe Inc | — | NEW | 新建倉 |
| 50 | GLW | Corning Inc | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Skba Capital Management LLC 在 Q4 2025 季度的美股持倉總市值約為 US$6.1億，共申報了 80 個公開持股部位。
在 Q4 2025 季度，Skba Capital Management LLC 按市值排列的前三大核心持股分別為：MDT (4.3%)、RTX (3.8%)、CME (2.7%)。其中最大持股部位 MDT 佔據整體投資組合約 4.3% 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
VZ
市值: US$631.7萬
本季最大獲利了結 / 清倉標的
TAP
前期市值: US$742.8萬
在 Q4 2025 季度中，Skba Capital Management LLC 共進行了 48 項持倉異動，包含新建倉 2 個部位、加碼 17 個部位、減碼 25 個部位以及清倉 4 個部位。 其中最大新建倉標的為 VZ。 本季清倉部位包含 TAP。
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。