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: 0001512746
申報總市值
US$2.5億
US$2.5億
66 檔
19.3%
在 Q1 2025 的 13F 官方備案中，Stone Run Capital, LLC 管理的美股投資組合規模來到 US$2.5億，整體持股檔數為 66 檔。
從 Q1 2025 申報觀察，Stone Run Capital, LLC 採取防禦導向的調倉策略，本季減碼 20 檔個股並出清 11 檔部位，顯示機構在該時期進行風險控制與流動性回收。
在資產配置集中度方面，Stone Run Capital, LLC 的前 5 大核心持股（包含 BRK-B, ROP, SPGI 等）合計佔整體申報市值的 19.3%，反映機構在主要關鍵部位上的權重分佈。
| # | 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 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 4.74% | -0.67% | -0.19% | |
| 2 | ROP | Roper Technologies Inc | 股票-科技 | 4.10% | -0.95% | -0.12% | |
| 3 | SPGI | S&p Global Inc | 股票-金融 | 4.08% | -0.62% | -8.19% | |
| 4 | HEI | Heico CORP | 股票-工業 | 4.00% | +0.51% | -7.80% | |
| 5 | ADSK | Autodesk Inc | 股票-科技 | 3.72% | +0.23% | +0.15% | |
| 6 | LII | Lennox International Inc | 股票-工業 | 3.65% | -0.37% | -6.14% | |
| 7 | LIN | Linde plc | 股票-原物料 | 3.46% | — | -6.93% | |
| 8 | MLM | Martin Marietta Materials | 股票-原物料 | 3.19% | +0.60% | +0.44% | |
| 9 | FISV | Fiserv Inc | 股票-其他 | 2.88% | -1.43% | -0.42% | |
| 10 | WTS | Watts Water Technologies-a | 股票-工業 | 2.85% | +0.67% | -0.38% | |
| 11 | IT | Gartner Inc | 股票-科技 | 2.77% | -1.15% | -16.74% | |
| 12 | PAYX | Paychex Inc | 股票-科技 | 2.77% | -0.63% | +0.06% | |
| 13 | STE | STERIS plc | 股票-醫療保健 | 2.74% | +0.02% | -26.16% | |
| 14 | SHW | Sherwin-williams Co/the | 股票-原物料 | 2.72% | — | — | |
| 15 | APH | Amphenol Corp-cl A | 股票-科技 | 2.71% | +1.94% | -0.05% | |
| 16 | EMR | Emerson Electric Co | 股票-工業 | 2.56% | -0.29% | -7.65% | |
| 17 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 2.46% | +0.03% | -8.07% | |
| 18 | ECL | Ecolab Inc | 股票-原物料 | 2.31% | +0.03% | -0.23% | |
| 19 | WAB | Wabtec CORP | 股票-工業 | 2.19% | +0.05% | -10.69% | |
| 20 | DHR | Danaher CORP | 股票-醫療保健 | 2.18% | — | -7.33% | |
| 21 | ANET | Arista Networks Inc | 股票-科技 | 2.17% | +1.64% | -7.76% | |
| 22 | EW | Edwards Lifesciences CORP | 股票-醫療保健 | 2.16% | — | -8.13% | |
| 23 | BDX | Becton Dickinson And Co | 股票-醫療保健 | 2.14% | -0.58% | -23.87% | |
| 24 | AKX | Ansys Inc | 股票-其他 | 2.14% | -2.14% | EXIT | |
| 25 | MKC | Mccormick & Co-non Vtg Shrs | 股票-非循環性消費 | 2.07% | -0.51% | -7.22% | |
| 26 | MIDD | Middleby CORP | 股票-工業 | 2.02% | -1.91% | -14.14% | |
| 27 | TECH | Bio-techne CORP | 股票-醫療保健 | 1.88% | — | +1.39% | |
| 28 | RVTY | Revvity Inc | 股票-醫療保健 | 1.85% | -0.49% | -3.65% | |
| 29 | XYL | Xylem Inc | 股票-工業 | 1.75% | +0.26% | +0.94% | |
| 30 | LH | Labcorp Holdings Inc | 股票-醫療保健 | 1.49% | +0.40% | — | |
| 31 | GEV | GE Vernova Inc | 股票-工業 | 1.47% | +0.70% | +18.57% | |
| 32 | TRMB | Trimble Inc | 股票-科技 | 1.43% | +0.48% | -0.29% | |
| 33 | NDSN | Nordson CORP | 股票-工業 | 1.40% | +0.24% | -2.46% | |
| 34 | VLTO | Veralto CORP | 股票-工業 | 1.33% | -0.46% | -10.73% | |
| 35 | ENTG | Entegris Inc | 股票-科技 | 1.14% | +0.31% | -12.87% | |
| 36 | EPAM | Epam Systems Inc | 股票-科技 | 0.91% | -0.19% | +0.20% | |
| 37 | PANW | Palo Alto Networks Inc | 股票-科技 | 0.80% | +0.28% | -0.89% | |
| 38 | AOS | Smith (a.o.) CORP | 股票-工業 | 0.79% | -0.15% | — | |
| 39 | GLW | Corning Inc | 股票-科技 | 0.66% | +2.08% | +0.61% | |
| 40 | AAPL | Apple Inc | 股票-科技 | 0.65% | +0.05% | — | |
| 41 | AXGN | Axogen Inc | 股票-其他 | 0.63% | — | +0.99% | |
| 42 | TER | Teradyne Inc | 股票-科技 | 0.63% | +0.48% | +23.92% | |
| 43 | FTNT | Fortinet Inc | 股票-科技 | 0.62% | — | -16.12% | |
| 44 | PTC | Ptc Inc | 股票-科技 | 0.62% | +0.12% | +3.27% | |
| 45 | BIP | Brookfield Infrastructure Partners L.P. | 股票-公用事業 | 0.61% | — | +0.01% | |
| 46 | ADBE | Adobe Inc | 股票-科技 | 0.55% | -0.55% | EXIT | |
| 47 | ISRG | Intuitive Surgical Inc | 股票-醫療保健 | 0.52% | — | — | |
| 48 | FTV | Fortive CORP | 股票-科技 | 0.44% | -0.28% | -53.58% | |
| 49 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.36% | — | — | |
| 50 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 0.35% | +1.31% | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | BRK-B | Berkshire Hathaway Inc-cl B | +2.1% | -0.19% | 減碼 |
| 2 | LII | Lennox International Inc | +1.5% | -6.14% | 減碼 |
| 3 | HEI | Heico CORP | +1.2% | -7.80% | 減碼 |
| 4 | APH | Amphenol Corp-cl A | +1% | -0.05% | 加碼 |
| 5 | WTS | Watts Water Technologies-a | +0.8% | -0.38% | 減碼 |
| 6 | SHW | Sherwin-williams Co/the | +0.8% | — | 減碼 |
| 7 | PANW | Palo Alto Networks Inc | +0.5% | -0.89% | 加碼 |
| 8 | MKC | Mccormick & Co-non Vtg Shrs | -0.3% | -7.22% | 減碼 |
| 9 | MLM | Martin Marietta Materials | -0.4% | +0.44% | 減碼 |
| 10 | ADSK | Autodesk Inc | -0.6% | +0.15% | 減碼 |
| 11 | AKX | Ansys Inc | -0.6% | -0.93% | 減碼 |
| 12 | MMM | 3m Co | -0.6% | — | 減碼 |
| 13 | GLW | Corning Inc | -0.7% | +0.61% | 減碼 |
| 14 | BDX | Becton Dickinson And Co | -0.8% | -23.87% | 減碼 |
| 15 | RVTY | Revvity Inc | -0.9% | -3.65% | 減碼 |
| 16 | TMO | Thermo Fisher Scientific Inc | -0.9% | -8.07% | 減碼 |
| 17 | PTC | Ptc Inc | -1% | +3.27% | 減碼 |
| 18 | EW | Edwards Lifesciences CORP | -1.2% | -8.13% | 減碼 |
| 19 | WWD | Woodward Inc | -1.4% | — | 減碼 |
| 20 | CLVT | Clarivate Plc | -1.4% | -16.67% | 減碼 |
| 21 | DHR | Danaher CORP | -1.7% | -7.33% | 減碼 |
| 22 | TECH | Bio-techne CORP | -2.3% | +1.39% | 加碼 |
| 23 | EPAM | Epam Systems Inc | -2.9% | +0.20% | 減碼 |
| 24 | IHS | IHS Holding Limited | — | EXIT | 清倉 |
| 25 | IFF | Intl Flavors & Fragrances | — | EXIT | 清倉 |
| 26 | SPGI | S&p Global Inc | — | NEW | 新建倉 |
| 27 | LIN | Linde plc | — | EXIT | 清倉 |
| 28 | LIN | Linde plc | — | NEW | 新建倉 |
| 29 | TFX | Teleflex Inc | — | EXIT | 清倉 |
| 30 | WAB | Wabtec CORP | — | NEW | 新建倉 |
| 31 | ANET | Arista Networks Inc | — | NEW | 新建倉 |
| 32 | XRAY | Dentsply Sirona Inc | — | EXIT | 清倉 |
| 33 | MIDD | Middleby CORP | — | NEW | 新建倉 |
| 34 | VRSK | Verisk Analytics Inc | — | EXIT | 清倉 |
| 35 | LH | Labcorp Holdings Inc | — | NEW | 新建倉 |
| 36 | GEV | GE Vernova Inc | — | NEW | 新建倉 |
| 37 | TRMB | Trimble Inc | — | NEW | 新建倉 |
| 38 | NDSN | Nordson CORP | — | NEW | 新建倉 |
| 39 | VLTO | Veralto CORP | — | NEW | 新建倉 |
| 40 | ANETEUR | Arista Networks Inc | — | EXIT | 清倉 |
| 41 | ENTG | Entegris Inc | — | NEW | 新建倉 |
| 42 | DIS | Walt Disney Co/the | — | EXIT | 清倉 |
| 43 | AOS | Smith (a.o.) CORP | — | NEW | 新建倉 |
| 44 | EVBGEUR | Everbridge Inc | — | EXIT | 清倉 |
| 45 | AXGN | Axogen Inc | — | NEW | 新建倉 |
| 46 | TER | Teradyne Inc | — | NEW | 新建倉 |
| 47 | FTNT | Fortinet Inc | — | NEW | 新建倉 |
| 48 | ADBE | Adobe Inc | — | NEW | 新建倉 |
| 49 | INTC | Intel CORP | — | EXIT | 清倉 |
| 50 | PPG | Ppg Industries Inc | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Stone Run Capital, LLC 在 Q1 2025 季度的美股持倉總市值約為 US$2.5億，共申報了 66 個公開持股部位。
在 Q1 2025 季度，Stone Run Capital, LLC 按市值排列的前三大核心持股分別為：BRK-B (4.7%)、ROP (4.1%)、SPGI (4.1%)。其中最大持股部位 BRK-B 佔據整體投資組合約 4.7% 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
SPGI
市值: US$968.8萬
本季最大獲利了結 / 清倉標的
IHS
前期市值: US$1181.0萬
在 Q1 2025 季度中，Stone Run Capital, LLC 共進行了 50 項持倉異動，包含新建倉 16 個部位、加碼 3 個部位、減碼 20 個部位以及清倉 11 個部位。 其中最大新建倉標的為 SPGI。 本季清倉部位包含 IHS。
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。