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: 0001767809
申報總市值
US$3.1億
US$3.1億
65 檔
54.0%
Thomist Capital Management, LP 在 Q4 2025 季度的美股部位總計估值為 US$3.1億，分散於 65 個持倉標的之中，反映其市場參與廣度與投資規模。
在 Q4 2025 期間，Thomist Capital Management, LP 展現了靈活的資產再平衡步調，透過出清 43 檔弱勢或達到目標價部位，將資金轉置於 32 檔新建倉標的之中。
從部位權重觀察，前 5 大標的（包含 SDRL, SPY, ORCL）累計市值佔比達 54.0%，是驅動 Thomist Capital Management, LP 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 | SDRL | Seadrill Limited | 股票-其他 | 13.46% | — | +44.62% | |
| 2 | SPY | State Street SPDR S&P 500 ETF Trust | ETF-大型股與成長 | 7.24% | — | — | |
| 3 | ORCL | Oracle Corporation | 股票-科技 | 6.06% | — | — | |
| 4 | ✓ | Spdr Ser Tr | 股票-其他 | 4.80% | — | -59.90% | |
| 5 | SOC | Sable Offshore CORP | 股票-其他 | 4.53% | +0.06% | NEW | |
| 6 | CNR | Core Natural Resources Inc | 股票-能源 | 4.40% | +0.44% | — | |
| 7 | MPC | Marathon Petroleum CORP | 股票-能源 | 3.34% | — | — | |
| 8 | B | Barrick Mining CORP | 股票-原物料 | 3.11% | — | +62.86% | |
| 9 | AMPY | Amplify Energy CORP | 股票-其他 | 3.09% | -0.22% | EXIT | |
| 10 | NUE | Nucor CORP | 股票-原物料 | 3.03% | — | +383.24% | |
| 11 | DINO | Hf Sinclair CORP | 股票-能源 | 3.03% | -7.36% | -1.38% | |
| 12 | DAR | Darling Ingredients Inc | 股票-非循環性消費 | 2.80% | +9.83% | NEW | |
| 13 | HBM | Hudbay Minerals Inc | 股票-其他 | 2.53% | +5.50% | NEW | |
| 14 | OLN | Olin CORP | 股票-原物料 | 2.25% | -1.07% | EXIT | |
| 15 | LIN | Linde plc | 股票-原物料 | 2.21% | — | — | |
| 16 | SM | Sm Energy Co | 股票-能源 | 2.20% | — | — | |
| 17 | BTE | Baytex Energy CORP | 股票-其他 | 2.05% | -2.27% | EXIT | |
| 18 | IBIT | iShares Bitcoin Trust ETF | ETF-加密貨幣 | 1.90% | — | — | |
| 19 | VLRS | Controladora Vuela Cia-adr | 股票-其他 | 1.89% | +2.23% | +3.85% | |
| 20 | WLK | Westlake CORP | 股票-原物料 | 1.78% | -0.07% | +142.21% | |
| 21 | IAG | Iamgold CORP | 股票-其他 | 1.76% | +2.04% | NEW | |
| 22 | SNCY | Sun Country Airlines Holding | 股票-其他 | 1.70% | — | +1864.43% | |
| 23 | GPRE | Green Plains Inc | 股票-其他 | 1.54% | +6.21% | NEW | |
| 24 | ✓ | Ferroglobe PLC | 股票-其他 | 1.42% | -0.27% | -2.98% | |
| 25 | AMD | Advanced Micro Devices, Inc. | 股票-科技 | 1.36% | -0.19% | EXIT | |
| 26 | ✓ | Rice Acquisition CORP 3 | 股票-其他 | 1.10% | +0.37% | — | |
| 27 | PSX | Phillips 66 | 股票-能源 | 1.07% | — | — | |
| 28 | CVI | Cvr Energy Inc | 股票-其他 | 1.07% | +0.82% | NEW | |
| 29 | GLD | Spdr Gold Shares | ETF-避險與商品 | 1.03% | — | -74.84% | |
| 30 | LUV | Southwest Airlines Co | 股票-工業 | 0.90% | -2.91% | EXIT | |
| 31 | KRE | Ss Spdr S&p Regional Bank | ETF-其他 | 0.87% | — | -70.84% | |
| 32 | CENX | Century Aluminum Company | 股票-原物料 | 0.84% | — | +19.06% | |
| 33 | AESI | Atlas Energy Solutions Inc | 股票-其他 | 0.83% | — | — | |
| 34 | VTWO | Vanguard Russell 2000 ETF | ETF-中小型股 | 0.76% | — | +760.27% | |
| 35 | ✓ | Atlas Energy Solutions Inc | 股票-其他 | 0.70% | — | — | |
| 36 | INR | Infinity Natural Resour-cl A | 股票-其他 | 0.65% | -0.06% | EXIT | |
| 37 | BG | Bunge Global SA | 股票-非循環性消費 | 0.64% | — | -87.40% | |
| 38 | CC | Chemours Co/the | 股票-原物料 | 0.62% | +0.93% | NEW | |
| 39 | LBRT | Liberty Energy Inc | 股票-能源 | 0.47% | — | — | |
| 40 | OIS | Oil States International Inc | 股票-其他 | 0.42% | — | — | |
| 41 | WGO | Winnebago Industries | 股票-其他 | 0.41% | — | +36.09% | |
| 42 | THO | Thor Industries Inc | 股票-循環性消費 | 0.41% | — | +108.16% | |
| 43 | SLV | Ishares Silver Trust | ETF-避險與商品 | 0.38% | — | — | |
| 44 | PII | Polaris Inc | 股票-循環性消費 | 0.34% | -1.01% | EXIT | |
| 45 | CWH | Camping World Holdings Inc-a | 股票-其他 | 0.34% | -0.84% | EXIT | |
| 46 | CPA | Copa Holdings, S.A. | 股票-其他 | 0.30% | — | +139.18% | |
| 47 | SPHR | Sphere Entertainment Co | 股票-通訊服務 | 0.29% | — | +185.97% | |
| 48 | ALB | Albemarle CORP | 股票-原物料 | 0.26% | — | — | |
| 49 | UAL | United Airlines Holdings Inc | 股票-工業 | 0.23% | +1.60% | NEW | |
| 50 | IGV | Ishares Expanded Tech-softwa | ETF-科技型 | 0.21% | — | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | SDRL | Seadrill Limited | +5.8% | +44.62% | 加碼 |
| 2 | NUE | Nucor CORP | +2.6% | +383.24% | 加碼 |
| 3 | B | Barrick Mining CORP | +1.8% | +62.86% | 加碼 |
| 4 | SNCY | Sun Country Airlines Holding | +1.6% | +1864.43% | 加碼 |
| 5 | GPRE | Green Plains Inc | +1.4% | +619.84% | 加碼 |
| 6 | WLK | Westlake CORP | +1.1% | +142.21% | 加碼 |
| 7 | VTWO | Vanguard Russell 2000 ETF | +0.7% | +760.27% | 加碼 |
| 8 | VLRS | Controladora Vuela Cia-adr | +0.6% | +3.85% | 加碼 |
| 9 | LUV | Southwest Airlines Co | +0.5% | +85.63% | 加碼 |
| 10 | CENX | Century Aluminum Company | +0.4% | +19.06% | 加碼 |
| 11 | SPHR | Sphere Entertainment Co | +0.2% | +185.97% | 加碼 |
| 12 | THO | Thor Industries Inc | +0.2% | +108.16% | 加碼 |
| 13 | CPA | Copa Holdings, S.A. | +0.2% | +139.18% | 加碼 |
| 14 | WGO | Winnebago Industries | +0.2% | +36.09% | 加碼 |
| 15 | ✓ | Ferroglobe PLC | +0.1% | -2.98% | 減碼 |
| 16 | CWH | Camping World Holdings Inc-a | +0.1% | +113.34% | 加碼 |
| 17 | RGR | Sturm Ruger & Co Inc | +0.1% | +154.89% | 加碼 |
| 18 | PII | Polaris Inc | +0.1% | +7.08% | 加碼 |
| 19 | APLD | Applied Digital CORP | +0.1% | +55.00% | 加碼 |
| 20 | EVEX | Eve Holding Inc | 0% | +66.43% | 加碼 |
| 21 | EVLV | Evolv Technologies Holdings | 0% | +95.92% | 加碼 |
| 22 | NCLH | Norwegian Cruise Line Holdings Ltd. | 0% | +16.53% | 加碼 |
| 23 | SKYW | Skywest Inc | 0% | -15.06% | 減碼 |
| 24 | DINO | Hf Sinclair CORP | -0.2% | -1.38% | 減碼 |
| 25 | PARR | Par Pacific Holdings Inc | -0.3% | -84.46% | 減碼 |
| 26 | ✓ | Sable Offshore CORP | -0.7% | -79.17% | 減碼 |
| 27 | OLN | Olin CORP | -0.8% | -18.86% | 減碼 |
| 28 | IAG | Iamgold CORP | -0.9% | -53.00% | 減碼 |
| 29 | DAR | Darling Ingredients Inc | -1.2% | -45.93% | 減碼 |
| 30 | KRE | Ss Spdr S&p Regional Bank | -1.8% | -70.84% | 減碼 |
| 31 | GLD | Spdr Gold Shares | -2.3% | -74.84% | 減碼 |
| 32 | BG | Bunge Global SA | -3.7% | -87.40% | 減碼 |
| 33 | ✓ | Spdr Ser Tr | -6.1% | -59.90% | 減碼 |
| 34 | ✓ | Nutrien LTD | — | EXIT | 清倉 |
| 35 | SPY | State Street SPDR S&P 500 ETF Trust | — | NEW | 新建倉 |
| 36 | ✓ | Spdr S&P 500 Etf Tr Put Option | — | EXIT | 清倉 |
| 37 | ORCL | Oracle Corporation | — | NEW | 新建倉 |
| 38 | SOC | Sable Offshore CORP | — | NEW | 新建倉 |
| 39 | CNR | Core Natural Resources Inc | — | NEW | 新建倉 |
| 40 | VLO | Valero Energy CORP | — | EXIT | 清倉 |
| 41 | MPC | Marathon Petroleum CORP | — | NEW | 新建倉 |
| 42 | AMPY | Amplify Energy CORP | — | NEW | 新建倉 |
| 43 | HBM | Hudbay Minerals Inc | — | NEW | 新建倉 |
| 44 | RIO | Rio Tinto Plc-spon Adr | — | EXIT | 清倉 |
| 45 | LIN | Linde plc | — | NEW | 新建倉 |
| 46 | SM | Sm Energy Co | — | NEW | 新建倉 |
| 47 | ARIS | Aris Mining CORP | — | EXIT | 清倉 |
| 48 | BTE | Baytex Energy CORP | — | NEW | 新建倉 |
| 49 | IBIT | iShares Bitcoin Trust ETF | — | NEW | 新建倉 |
| 50 | ✓ | Bunge Global SA | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Thomist Capital Management, LP 在 Q4 2025 季度的美股持倉總市值約為 US$3.1億，共申報了 65 個公開持股部位。
在 Q4 2025 季度，Thomist Capital Management, LP 按市值排列的前三大核心持股分別為：SDRL (13.5%)、SPY (7.2%)、ORCL (6.1%)。其中最大持股部位 SDRL 佔據整體投資組合約 13.5% 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
SPY
市值: US$3409.6萬
本季最大獲利了結 / 清倉標的
NUTRIEN LTD
前期市值: US$4773.1萬
在 Q4 2025 季度中，Thomist Capital Management, LP 共進行了 108 項持倉異動，包含新建倉 32 個部位、加碼 21 個部位、減碼 12 個部位以及清倉 43 個部位。 其中最大新建倉標的為 SPY。 本季清倉部位包含 NUTRIEN LTD。
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。