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: 0001299910
申報總市值
US$8.1億
US$8.1億
150 檔
23.7%
在 Q4 2025 的 13F 官方備案中，Skylands Capital, LLC 管理的美股投資組合規模來到 US$8.1億，整體持股檔數為 150 檔。
在 Q4 2025 期間，Skylands Capital, LLC 展現了靈活的資產再平衡步調，透過出清 1 檔弱勢或達到目標價部位，將資金轉置於 5 檔新建倉標的之中。
從部位權重觀察，前 5 大標的（包含 UNP, GOOGL, GM）累計市值佔比達 23.7%，是驅動 Skylands Capital, 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 | UNP | Union Pacific CORP | 股票-工業 | 6.99% | -0.06% | -0.65% | |
| 2 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 6.30% | +0.03% | -19.26% | |
| 3 | GM | General Motors Co | 股票-循環性消費 | 4.90% | -0.13% | -7.64% | |
| 4 | DBD | Diebold Nixdorf Inc | 股票-其他 | 4.37% | +0.36% | -2.56% | |
| 5 | AAPL | Apple Inc | 股票-科技 | 3.59% | +0.04% | -9.59% | |
| 6 | CCI | Crown Castle Inc | 股票-房地產 | 3.16% | -0.45% | +6.20% | |
| 7 | CNR | Core Natural Resources Inc | 股票-能源 | 2.61% | -0.71% | -1.94% | |
| 8 | SBAC | Sba Communications CORP | 股票-房地產 | 2.54% | -0.21% | +14.96% | |
| 9 | OSK | Oshkosh CORP | 股票-工業 | 2.37% | -0.07% | -4.56% | |
| 10 | NSC | Norfolk Southern CORP | 股票-工業 | 2.27% | +0.05% | -3.02% | |
| 11 | OC | Owens Corning | 股票-工業 | 2.10% | +0.39% | +40.00% | |
| 12 | C | Citigroup Inc | 股票-金融 | 1.99% | +0.18% | -0.42% | |
| 13 | V | Visa Inc-class A Shares | 股票-金融 | 1.76% | +0.13% | -6.42% | |
| 14 | B | Barrick Mining CORP | 股票-原物料 | 1.60% | -0.22% | -12.24% | |
| 15 | COHR | Coherent CORP | 股票-科技 | 1.58% | -0.64% | -46.35% | |
| 16 | TAP | Molson Coors Beverage Co - B | 股票-非循環性消費 | 1.57% | -0.05% | +37.46% | |
| 17 | KEX | Kirby CORP | 股票-工業 | 1.56% | -0.22% | -0.68% | |
| 18 | AMT | American Tower CORP | 股票-房地產 | 1.52% | -0.09% | +52.76% | |
| 19 | GEHC | GE Healthcare Technology | 股票-醫療保健 | 1.40% | +0.03% | -13.05% | |
| 20 | GLD | Spdr Gold Shares | ETF-避險與商品 | 1.35% | -0.29% | -4.70% | |
| 21 | ADEA | Adeia Inc | 股票-其他 | 1.34% | +0.08% | +15.07% | |
| 22 | CSX | Csx CORP | 股票-工業 | 1.30% | -0.25% | -4.48% | |
| 23 | WAB | Wabtec CORP | 股票-工業 | 1.29% | -0.02% | -1.33% | |
| 24 | TMUS | T-mobile US Inc | 股票-通訊服務 | 1.21% | +0.09% | +144.85% | |
| 25 | EXP | Eagle Materials Inc | 股票-原物料 | 1.13% | +0.10% | -0.49% | |
| 26 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.11% | -0.02% | -0.22% | |
| 27 | WMB | Williams Cos Inc | 股票-能源 | 1.08% | -0.13% | -0.64% | |
| 28 | XOP | Ss Spdr S&p Og Exp & Prod | ETF-其他 | 1.06% | -0.26% | +48.94% | |
| 29 | JYNT | Joint Corp/the | 股票-其他 | 1.05% | -0.07% | +6.94% | |
| 30 | BMY | Bristol-myers Squibb Co | 股票-醫療保健 | 1.03% | -0.14% | -11.44% | |
| 31 | ENS | Enersys | 股票-工業 | 1.02% | +0.10% | -25.54% | |
| 32 | LOPE | Grand Canyon Education Inc | 股票-非循環性消費 | 0.96% | -0.02% | +5.87% | |
| 33 | SSNC | Ss&c Technologies Holdings | 股票-科技 | 0.96% | +0.03% | +9.20% | |
| 34 | LKQ | Lkq CORP | 股票-循環性消費 | 0.89% | +0.02% | +21.70% | |
| 35 | RTX | Rtx CORP | 股票-工業 | 0.84% | -0.06% | -0.88% | |
| 36 | GPK | Graphic Packaging Holding Co | 股票-循環性消費 | 0.79% | -0.01% | +60.34% | |
| 37 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.73% | +0.03% | +26.13% | |
| 38 | MP | Mp Materials CORP | 股票-原物料 | 0.72% | +0.06% | -0.73% | |
| 39 | UPS | United Parcel Service-cl B | 股票-工業 | 0.69% | +0.03% | +4.05% | |
| 40 | SIMO | Silicon Motion Technol-adr | 股票-其他 | 0.67% | +0.68% | +37.89% | |
| 41 | ELAN | Elanco Animal Health Inc | 股票-醫療保健 | 0.66% | -0.03% | -27.64% | |
| 42 | SCHW | Schwab (charles) CORP | 股票-金融 | 0.64% | +0.36% | +70.60% | |
| 43 | MTX | Minerals Technologies Inc | 股票-其他 | 0.64% | -0.14% | -17.00% | |
| 44 | LOVE | Lovesac Co/the | 股票-其他 | 0.58% | +0.01% | +53.41% | |
| 45 | HLLY | Holley Inc | 股票-其他 | 0.58% | -0.06% | -23.24% | |
| 46 | XLE | Ss Energy Select Sector | ETF-其他 | 0.58% | -0.11% | +187.35% | |
| 47 | AEM | Agnico Eagle Mines LTD | 股票-原物料 | 0.56% | -0.19% | -5.92% | |
| 48 | ON | On Semiconductor | 股票-科技 | 0.54% | +0.20% | -2.26% | |
| 49 | NEM | Newmont CORP | 股票-原物料 | 0.53% | -0.11% | -12.32% | |
| 50 | NATR | Natures Sunshine Prods Inc | 股票-其他 | 0.53% | -0.13% | -44.10% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | GM | General Motors Co | +0.9% | -7.64% | 減碼 |
| 2 | TMUS | T-mobile US Inc | +0.6% | +144.85% | 加碼 |
| 3 | DBD | Diebold Nixdorf Inc | +0.5% | -2.56% | 減碼 |
| 4 | TAP | Molson Coors Beverage Co - B | +0.4% | +37.46% | 加碼 |
| 5 | AMT | American Tower CORP | +0.4% | +52.76% | 加碼 |
| 6 | KEX | Kirby CORP | +0.4% | -0.68% | 減碼 |
| 7 | XOP | Ss Spdr S&p Og Exp & Prod | +0.3% | +48.94% | 加碼 |
| 8 | SBAC | Sba Communications CORP | +0.3% | +14.96% | 加碼 |
| 9 | SCHW | Schwab (charles) CORP | +0.3% | +70.60% | 加碼 |
| 10 | BBY | Best Buy Co Inc | +0.2% | +178.81% | 加碼 |
| 11 | C | Citigroup Inc | +0.2% | -0.42% | 減碼 |
| 12 | B | Barrick Mining CORP | +0.2% | -12.24% | 減碼 |
| 13 | ADEA | Adeia Inc | +0.2% | +15.07% | 加碼 |
| 14 | OC | Owens Corning | +0.2% | +40.00% | 加碼 |
| 15 | XLE | Ss Energy Select Sector | +0.2% | +187.35% | 加碼 |
| 16 | SIMO | Silicon Motion Technol-adr | +0.2% | +37.89% | 加碼 |
| 17 | UHAL-B | U-haul Holding Co-non Voting | +0.2% | +74.45% | 加碼 |
| 18 | AIN | Albany Intl Corp-cl A | +0.2% | +66.02% | 加碼 |
| 19 | LKQ | Lkq CORP | +0.1% | +21.70% | 加碼 |
| 20 | GPK | Graphic Packaging Holding Co | +0.1% | +60.34% | 加碼 |
| 21 | LOVE | Lovesac Co/the | +0.1% | +53.41% | 加碼 |
| 22 | GOOGL | Alphabet Inc-cl A | +0.1% | -19.26% | 減碼 |
| 23 | HAE | Haemonetics Corp/mass | -0.2% | -55.17% | 減碼 |
| 24 | JOUT | Johnson Outdoors Inc-a | -0.2% | -26.20% | 減碼 |
| 25 | NATR | Natures Sunshine Prods Inc | -0.2% | -44.10% | 減碼 |
| 26 | ELAN | Elanco Animal Health Inc | -0.2% | -27.64% | 減碼 |
| 27 | MTX | Minerals Technologies Inc | -0.2% | -17.00% | 減碼 |
| 28 | COHR | Coherent CORP | -0.2% | -46.35% | 減碼 |
| 29 | HCC | Warrior Met Coal Inc | -0.2% | -66.20% | 減碼 |
| 30 | DENN | Denny's CORP | -0.2% | -37.43% | 減碼 |
| 31 | EXP | Eagle Materials Inc | -0.2% | -0.49% | 減碼 |
| 32 | NSC | Norfolk Southern CORP | -0.2% | -3.02% | 減碼 |
| 33 | EXK | Exact Sciences CORP | -0.2% | -96.19% | 減碼 |
| 34 | WSC | Willscot Holdings CORP | -0.2% | -21.58% | 減碼 |
| 35 | FDX | Fedex CORP | -0.2% | -90.73% | 減碼 |
| 36 | OSK | Oshkosh CORP | -0.2% | -4.56% | 減碼 |
| 37 | MP | Mp Materials CORP | -0.3% | -0.73% | 減碼 |
| 38 | LOPE | Grand Canyon Education Inc | -0.3% | +5.87% | 加碼 |
| 39 | UNH | Unitedhealth Group Inc | -0.3% | -44.42% | 減碼 |
| 40 | UNP | Union Pacific CORP | -0.3% | -0.65% | 減碼 |
| 41 | CCOI | Cogent Communications Holdin | -0.4% | -42.09% | 減碼 |
| 42 | ALGN | Align Technology Inc | -0.4% | -57.68% | 減碼 |
| 43 | OXY | Occidental Petroleum CORP | -0.5% | -71.42% | 減碼 |
| 44 | FMC | Fmc CORP | -1.2% | -43.19% | 減碼 |
| 45 | TRGP | Targa Resources CORP | — | NEW | 新建倉 |
| 46 | PGR | Progressive CORP | — | NEW | 新建倉 |
| 47 | SAM | Boston Beer Company Inc-a | — | NEW | 新建倉 |
| 48 | REGN | Regeneron Pharmaceuticals | — | EXIT | 清倉 |
| 49 | CSGP | Costar Group Inc | — | NEW | 新建倉 |
| 50 | XRAY | Dentsply Sirona Inc | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Skylands Capital, LLC 在 Q4 2025 季度的美股持倉總市值約為 US$8.1億，共申報了 150 個公開持股部位。
在 Q4 2025 季度，Skylands Capital, LLC 按市值排列的前三大核心持股分別為：UNP (7.0%)、GOOGL (6.3%)、GM (4.9%)。其中最大持股部位 UNP 佔據整體投資組合約 7.0% 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
TRGP
市值: US$243.5萬
本季最大獲利了結 / 清倉標的
REGN
前期市值: US$116.1萬
在 Q4 2025 季度中，Skylands Capital, LLC 共進行了 50 項持倉異動，包含新建倉 5 個部位、加碼 17 個部位、減碼 27 個部位以及清倉 1 個部位。 其中最大新建倉標的為 TRGP。 本季清倉部位包含 REGN。
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。