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。
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CIK: 0001040273
申報總市值
US$46.8億
US$46.8億
45 檔
65.3%
截至 Q3 2025 季度末，Third Point LLC 的美股持倉估值約為 US$46.8億，全數申報部位共有 45 檔。
Third Point LLC 在 Q3 2025 進行了結構性的板塊輪動與部位換股。在開立 15 個全新部位及加碼 12 檔持股的同時，亦同步清倉 15 檔並減碼 10 檔標的。
整體而言，Third Point LLC 的前 5 大持股（包含 PCG, AMZN, SPY）貢獻了組合市值的 65.3%，形成該機構在 Q3 2025 季度的基本面基石。
| # | 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 | PCG | P G & E CORP | 股票-公用事業 | 8.40% | — | -1.96% | |
| 2 | AMZN | Amazon.com Inc | 股票-循環性消費 | 6.86% | -10.49% | +3.69% | |
| 3 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 6.48% | +0.62% | NEW | |
| 4 | MSFT | Microsoft CORP | 股票-科技 | 6.34% | — | +175.00% | |
| 5 | NVDA | Nvidia CORP | 股票-科技 | 5.92% | -1.59% | EXIT | |
| 6 | NSC | Norfolk Southern CORP | 股票-工業 | 5.51% | +2.65% | — | |
| 7 | BN | Brookfield CORP | 股票-金融 | 3.57% | — | — | |
| 8 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 3.42% | +0.23% | -23.08% | |
| 9 | COF | Capital One Financial CORP | 股票-金融 | 3.28% | +2.31% | -23.23% | |
| 10 | FLUT | Flutter Entertainment plc | 股票-循環性消費 | 3.16% | — | +4.67% | |
| 11 | CASY | Casey's General Stores Inc | 股票-循環性消費 | 3.14% | — | +38.89% | |
| 12 | TDS | Telephone And Data Systems | 股票-通訊服務 | 2.93% | -8.38% | -0.26% | |
| 13 | CRH | CRH plc | 股票-原物料 | 2.89% | -4.57% | -16.41% | |
| 14 | CSGP | Costar Group Inc | 股票-房地產 | 2.83% | — | -2.20% | |
| 15 | SGI | Somnigroup International Inc | 股票-循環性消費 | 2.81% | -3.75% | — | |
| 16 | LYV | Live Nation Entertainment In | 股票-通訊服務 | 2.45% | +1.04% | -31.65% | |
| 17 | CRS | Carpenter Technology | 股票-工業 | 2.32% | -3.04% | +13.33% | |
| 18 | UNP | Union Pacific CORP | 股票-工業 | 2.30% | +0.87% | — | |
| 19 | LPLA | Lpl Financial Holdings Inc | 股票-金融 | 2.20% | — | -4.94% | |
| 20 | 07WA | Mr Cooper Group Inc | 股票-其他 | 2.17% | — | — | |
| 21 | SN | SharkNinja, Inc. | 股票-循環性消費 | 2.07% | -0.66% | EXIT | |
| 22 | VST | Vistra CORP | 股票-公用事業 | 2.04% | — | -25.20% | |
| 23 | KVUE | Kenvue Inc | 股票-非循環性消費 | 1.90% | — | +23.17% | |
| 24 | FIX | Comfort Systems USA Inc | 股票-工業 | 1.84% | — | +8.11% | |
| 25 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.80% | -2.47% | EXIT | |
| 26 | MTZ | Mastec Inc | 股票-工業 | 1.72% | -2.36% | — | |
| 27 | TLN | Talen Energy CORP | 股票-公用事業 | 1.66% | — | -55.41% | |
| 28 | J | Jacobs Solutions Inc | 股票-工業 | 1.53% | — | -27.61% | |
| 29 | PRMB | Primo Brands CORP | 股票-非循環性消費 | 1.42% | — | — | |
| 30 | FND | Floor & Decor Holdings Inc-a | 股票-循環性消費 | 1.09% | — | — | |
| 31 | APO | Apollo Global Management Inc | 股票-金融 | 0.96% | — | -49.02% | |
| 32 | RKT | Rocket Cos Inc-class A | 股票-金融 | 0.86% | — | -15.79% | |
| 33 | APO 6.75 07-31-26債券 | Apollo Global Management | 債券 | 0.70% | — | — | |
| 34 | CORZ | Core Scientific Inc | 股票-科技 | 0.60% | +0.03% | NEW | |
| 35 | SRTA | Strata Critical Medical Inc | 股票-其他 | 0.28% | -0.44% | — | |
| 36 | HTZWW | Hertz Global Hldgs Inc -cw51 | 股票-其他 | 0.16% | -0.34% | — | |
| 37 | PCG 4.25 12-01-27債券 | Pg&e CORP | 債券 | 0.11% | — | — | |
| 38 | DHR | Danaher CORP | 股票-醫療保健 | 0.11% | -2.58% | -90.00% | |
| 39 | PCG 6 12-01-27 A債券 | Pg&e CORP | 債券 | 0.06% | — | — | |
| 40 | FLYX | Flyexclusive Inc | 股票-其他 | 0.06% | -0.07% | — | |
| 41 | AUR | Aurora Innovation Inc | 股票-循環性消費 | 0.02% | -0.05% | — | |
| 42 | AUROW | Aurora Innovation Inc -cw28 | 股票-其他 | 0.01% | -0.01% | — | |
| 43 | BHC | Bausch Health Cos Inc | 股票-醫療保健 | 0.01% | — | — | |
| 44 | CYH | Community Health Systems Inc | 股票-其他 | 0.01% | — | — | |
| 45 | FLYX-WS | Eg Acquisition Corp-a -cw28 | 股票-其他 | — | — | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | MSFT | Microsoft CORP | +4.5% | +175.00% | 加碼 |
| 2 | NVDA | Nvidia CORP | +3.5% | +1.79% | 加碼 |
| 3 | SN | SharkNinja, Inc. | +1.4% | +50.00% | 加碼 |
| 4 | CASY | Casey's General Stores Inc | +1.2% | +38.89% | 加碼 |
| 5 | VST | Vistra CORP | +0.5% | -25.20% | 加碼 |
| 6 | CSGP | Costar Group Inc | +0.4% | -2.20% | 加碼 |
| 7 | COF | Capital One Financial CORP | +0.4% | -23.23% | 加碼 |
| 8 | BN | Brookfield CORP | +0.2% | — | 加碼 |
| 9 | AMZN | Amazon.com Inc | 0% | +3.69% | 加碼 |
| 10 | HTZWW | Hertz Global Hldgs Inc -cw51 | 0% | — | 不變 |
| 11 | FLYX | Flyexclusive Inc | 0% | — | 不變 |
| 12 | FLYX-WS | Eg Acquisition Corp-a -cw28 | — | — | 不變 |
| 13 | AUROW | Aurora Innovation Inc -cw28 | 0% | — | 不變 |
| 14 | PCG 6 12-01-27 A債券 | Pg&e CORP | 0% | — | 不變 |
| 15 | PCG 4.25 12-01-27債券 | Pg&e CORP | -0.1% | — | 不變 |
| 16 | PRMB | Primo Brands CORP | -0.1% | — | 加碼 |
| 17 | CRS | Carpenter Technology | -0.1% | +13.33% | 減碼 |
| 18 | AUR | Aurora Innovation Inc | -0.1% | — | 不變 |
| 19 | FLUT | Flutter Entertainment plc | -0.1% | +4.67% | 加碼 |
| 20 | TLN | Talen Energy CORP | -0.1% | -55.41% | 減碼 |
| 21 | APO 6.75 07-31-26債券 | Apollo Global Management | -0.3% | — | 不變 |
| 22 | CRH | CRH plc | -0.8% | -16.41% | 減碼 |
| 23 | LPLA | Lpl Financial Holdings Inc | -0.9% | -4.94% | 減碼 |
| 24 | J | Jacobs Solutions Inc | -1.1% | -27.61% | 減碼 |
| 25 | TDS | Telephone And Data Systems | -1.1% | -0.26% | 減碼 |
| 26 | TSM | Taiwan Semiconductor-sp Adr | -1.1% | -23.08% | 減碼 |
| 27 | KVUE | Kenvue Inc | -1.4% | +23.17% | 加碼 |
| 28 | LYV | Live Nation Entertainment In | -1.7% | -31.65% | 減碼 |
| 29 | APO | Apollo Global Management Inc | -2.2% | -49.02% | 減碼 |
| 30 | PCG | P G & E CORP | -5% | -1.96% | 減碼 |
| 31 | SPY | Ss Spdr S&p 500 ETF Trust-us | — | NEW | 新建倉 |
| 32 | NSC | Norfolk Southern CORP | — | NEW | 新建倉 |
| 33 | SGI | Somnigroup International Inc | — | NEW | 新建倉 |
| 34 | CPAY | Corpay Inc | — | EXIT | 清倉 |
| 35 | UNP | Union Pacific CORP | — | NEW | 新建倉 |
| 36 | 07WA | Mr Cooper Group Inc | — | NEW | 新建倉 |
| 37 | ICE | Intercontinental Exchange In | — | EXIT | 清倉 |
| 38 | ✓ | Spdr S&P 500 Etf Tr Put Option | — | EXIT | 清倉 |
| 39 | FIX | Comfort Systems USA Inc | — | NEW | 新建倉 |
| 40 | META | Meta Platforms Inc-class A | — | NEW | 新建倉 |
| 41 | EQT | Eqt CORP | — | EXIT | 清倉 |
| 42 | MTZ | Mastec Inc | — | NEW | 新建倉 |
| 43 | USX1 | United States Steel CORP | — | EXIT | 清倉 |
| 44 | FTV | Fortive CORP | — | EXIT | 清倉 |
| 45 | DFSEUR | Discover Financial Services | — | EXIT | 清倉 |
| 46 | T | At&t Inc | — | EXIT | 清倉 |
| 47 | HES | Hess CORP | — | EXIT | 清倉 |
| 48 | FND | Floor & Decor Holdings Inc-a | — | NEW | 新建倉 |
| 49 | RBA | Rb Global Inc | — | EXIT | 清倉 |
| 50 | RKT | Rocket Cos Inc-class A | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Third Point LLC 在 Q3 2025 季度的美股持倉總市值約為 US$46.8億，共申報了 45 個公開持股部位。
在 Q3 2025 季度，Third Point LLC 按市值排列的前三大核心持股分別為：PCG (8.4%)、AMZN (6.9%)、SPY (6.5%)。其中最大持股部位 PCG 佔據整體投資組合約 8.4% 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
SPY
市值: US$5.8億
本季最大獲利了結 / 清倉標的
CPAY
前期市值: US$2.1億
在 Q3 2025 季度中，Third Point LLC 共進行了 52 項持倉異動，包含新建倉 15 個部位、加碼 12 個部位、減碼 10 個部位以及清倉 15 個部位。 其中最大新建倉標的為 SPY。 本季清倉部位包含 CPAY。
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。