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: 0001234074
申報總市值
US$6.4億
US$6.4億
41 檔
137.4%
Q3 2025 季度申報顯示，Sprucegrove Investment Management LTD 揭露的美股組合總市值為 US$6.4億，涵蓋 41 個不同之權益投資部位。
Sprucegrove Investment Management LTD 在 Q3 2025 進行了結構性的板塊輪動與部位換股。在開立 12 個全新部位及加碼 8 檔持股的同時，亦同步清倉 3 檔並減碼 21 檔標的。
檢視投資組合結構，前 5 大主力部位（包含 RYAAY, CPA, SSNHZ）占據了總市值的 137.4%，展現出該機構在 Q3 2025 的重點資金聚焦與風險分佈特徵。
| # | 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 | RYAAY | Ryanair Holdings Plc-sp Adr | 股票-工業 | 25.49% | -0.89% | -12.27% | |
| 2 | CPA | Copa Holdings, S.A. | 股票-其他 | 21.95% | +4.45% | -9.15% | |
| 3 | SSNHZ | Samsung Electr-gdr Reg S | 股票-其他 | 18.26% | +5.28% | -8.59% | |
| 4 | CMGGF | Commercial Intl Bank-gdr Reg | 股票-其他 | 3.09% | — | -10.10% | |
| 5 | DCI | Donaldson Co Inc | 股票-工業 | 1.70% | -0.43% | -6.16% | |
| 6 | MKL | Markel Group Inc | 股票-金融 | 1.67% | -0.46% | -10.67% | |
| 7 | CHRW | C.h. Robinson Worldwide Inc | 股票-工業 | 1.61% | -0.55% | -0.59% | |
| 8 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.60% | -0.30% | -11.24% | |
| 9 | WFC | Wells Fargo & Co | 股票-金融 | 1.55% | -0.46% | -9.62% | |
| 10 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.50% | -0.22% | -12.40% | |
| 11 | GILD | Gilead Sciences Inc | 股票-醫療保健 | 1.49% | -0.48% | -9.81% | |
| 12 | HSIC | Henry Schein Inc | 股票-醫療保健 | 1.48% | -0.41% | -6.51% | |
| 13 | DIS | Walt Disney Co/the | 股票-通訊服務 | 1.45% | -0.37% | -11.40% | |
| 14 | GNTX | Gentex CORP | 股票-循環性消費 | 1.41% | -0.27% | +4.77% | |
| 15 | SNA | Snap-on Inc | 股票-工業 | 1.35% | -0.37% | +3.19% | |
| 16 | TROW | T Rowe Price Group Inc | 股票-金融 | 1.34% | -0.35% | -8.09% | |
| 17 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.31% | -0.31% | +5.66% | |
| 18 | QCOM | Qualcomm Inc | 股票-科技 | 1.30% | -0.22% | -9.12% | |
| 19 | MSM | Msc Industrial Direct Co-a | 股票-工業 | 1.29% | +0.01% | -7.86% | |
| 20 | CFR | Cullen/frost Bankers Inc | 股票-金融 | 1.16% | -0.33% | -9.55% | |
| 21 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.15% | -0.44% | -5.73% | |
| 22 | AXP | American Express Co | 股票-金融 | 1.11% | -0.24% | -7.56% | |
| 23 | BF-B | Brown-forman Corp-class B | 股票-其他 | 0.99% | -0.33% | +0.18% | |
| 24 | XOM | Exxon Mobil CORP | 股票-能源 | 0.99% | -0.44% | +6.04% | |
| 25 | RTX | Rtx CORP | 股票-工業 | 0.86% | — | -36.67% | |
| 26 | BDX | Becton Dickinson And Co | 股票-醫療保健 | 0.77% | -0.20% | -3.01% | |
| 27 | SBKFF | State Bank Of Indi-gdr Reg S | 股票-其他 | 0.74% | -0.50% | EXIT | |
| 28 | DG | Dollar General CORP | 股票-非循環性消費 | 0.55% | -0.26% | +69.66% | |
| 29 | TTC | Toro Co | 股票-工業 | 0.41% | -0.14% | +7.51% | |
| 30 | XPEL | Xpel Inc | 股票-其他 | 0.30% | -0.10% | -3.56% | |
| 31 | LFUS | Littelfuse Inc | 股票-科技 | 0.01% | — | — | |
| 32 | CGNX | Cognex CORP | 股票-科技 | 0.01% | — | — | |
| 33 | EXP | Eagle Materials Inc | 股票-原物料 | 0.01% | -0.08% | +16.67% | |
| 34 | AYI | Acuity Inc | 股票-工業 | 0.01% | +0.01% | +17.50% | |
| 35 | BOKF | Bok Financial Corporation | 股票-其他 | 0.01% | — | +7.69% | |
| 36 | WAFD | Wafd Inc | 股票-其他 | 0.01% | +0.01% | +20.00% | |
| 37 | AX | Axos Financial Inc | 股票-金融 | 0.01% | — | +7.69% | |
| 38 | LSTR | Landstar System Inc | 股票-工業 | 0.01% | +0.01% | +14.29% | |
| 39 | FMC | Fmc CORP | 股票-原物料 | 0.01% | — | +81.25% | |
| 40 | SSD | Simpson Manufacturing Co Inc | 股票-原物料 | 0.01% | +0.01% | +25.00% | |
| 41 | GGG | Graco Inc | 股票-工業 | 0.01% | — | +28.57% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | RYAAY | Ryanair Holdings Plc-sp Adr | +7.1% | -12.27% | 減碼 |
| 2 | SSNHZ | Samsung Electr-gdr Reg S | +3.9% | -8.59% | 減碼 |
| 3 | CPA | Copa Holdings, S.A. | +1.2% | -9.15% | 減碼 |
| 4 | GOOGL | Alphabet Inc-cl A | +0.3% | +5.66% | 加碼 |
| 5 | TTC | Toro Co | +0.2% | +7.51% | 加碼 |
| 6 | XPEL | Xpel Inc | +0.1% | -3.56% | 加碼 |
| 7 | GNTX | Gentex CORP | -0.1% | +4.77% | 加碼 |
| 8 | CHRW | C.h. Robinson Worldwide Inc | -0.1% | -0.59% | 減碼 |
| 9 | SNA | Snap-on Inc | -0.2% | +3.19% | 加碼 |
| 10 | SBKFF | State Bank Of Indi-gdr Reg S | -0.2% | -1.64% | 減碼 |
| 11 | AXP | American Express Co | -0.2% | -7.56% | 減碼 |
| 12 | WFC | Wells Fargo & Co | -0.2% | -9.62% | 加碼 |
| 13 | DCI | Donaldson Co Inc | -0.3% | -6.16% | 減碼 |
| 14 | XOM | Exxon Mobil CORP | -0.3% | +6.04% | 加碼 |
| 15 | MSM | Msc Industrial Direct Co-a | -0.3% | -7.86% | 減碼 |
| 16 | JNJ | Johnson & Johnson | -0.3% | -5.73% | 減碼 |
| 17 | META | Meta Platforms Inc-class A | -0.4% | -12.40% | 減碼 |
| 18 | TROW | T Rowe Price Group Inc | -0.4% | -8.09% | 減碼 |
| 19 | QCOM | Qualcomm Inc | -0.5% | -9.12% | 減碼 |
| 20 | DIS | Walt Disney Co/the | -0.5% | -11.40% | 減碼 |
| 21 | BDX | Becton Dickinson And Co | -0.6% | -3.01% | 減碼 |
| 22 | CFR | Cullen/frost Bankers Inc | -0.6% | -9.55% | 減碼 |
| 23 | BF-B | Brown-forman Corp-class B | -0.6% | +0.18% | 加碼 |
| 24 | HSIC | Henry Schein Inc | -0.7% | -6.51% | 減碼 |
| 25 | MKL | Markel Group Inc | -0.9% | -10.67% | 減碼 |
| 26 | GILD | Gilead Sciences Inc | -0.9% | -9.81% | 減碼 |
| 27 | RTX | Rtx CORP | -1.1% | -36.67% | 減碼 |
| 28 | BRK-B | Berkshire Hathaway Inc-cl B | -1.2% | -11.24% | 減碼 |
| 29 | CMGGF | Commercial Intl Bank-gdr Reg | -1.3% | -10.10% | 減碼 |
| 30 | INTC | Intel CORP | — | EXIT | 清倉 |
| 31 | DG | Dollar General CORP | — | NEW | 新建倉 |
| 32 | BWA | Borgwarner Inc | — | EXIT | 清倉 |
| 33 | BIIB | Biogen Inc | — | EXIT | 清倉 |
| 34 | LFUS | Littelfuse Inc | — | NEW | 新建倉 |
| 35 | CGNX | Cognex CORP | — | NEW | 新建倉 |
| 36 | EXP | Eagle Materials Inc | — | NEW | 新建倉 |
| 37 | AYI | Acuity Inc | — | NEW | 新建倉 |
| 38 | BOKF | Bok Financial Corporation | — | NEW | 新建倉 |
| 39 | WAFD | Wafd Inc | — | NEW | 新建倉 |
| 40 | AX | Axos Financial Inc | — | NEW | 新建倉 |
| 41 | LSTR | Landstar System Inc | — | NEW | 新建倉 |
| 42 | FMC | Fmc CORP | — | NEW | 新建倉 |
| 43 | SSD | Simpson Manufacturing Co Inc | — | NEW | 新建倉 |
| 44 | GGG | Graco Inc | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Sprucegrove Investment Management LTD 在 Q3 2025 季度的美股持倉總市值約為 US$6.4億，共申報了 41 個公開持股部位。
在 Q3 2025 季度，Sprucegrove Investment Management LTD 按市值排列的前三大核心持股分別為：RYAAY (25.5%)、CPA (21.9%)、SSNHZ (18.3%)。其中最大持股部位 RYAAY 佔據整體投資組合約 25.5% 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
DG
市值: US$679.1萬
本季最大獲利了結 / 清倉標的
INTC
前期市值: US$1173.5萬
在 Q3 2025 季度中，Sprucegrove Investment Management LTD 共進行了 44 項持倉異動，包含新建倉 12 個部位、加碼 8 個部位、減碼 21 個部位以及清倉 3 個部位。 其中最大新建倉標的為 DG。 本季清倉部位包含 INTC。
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。