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: 0001938757
申報總市值
US$7.6億
US$7.6億
149 檔
15.3%
Q3 2025 季度申報顯示，Triasima Portfolio Management inc. 揭露的美股組合總市值為 US$7.6億，涵蓋 149 個不同之權益投資部位。
Q3 2025 的申報記錄反映 Triasima Portfolio Management inc. 的板塊替換策略：機構本季推動了 111 筆增持與 87 筆減持，籌碼呈現明顯的結構重組。
整體而言，Triasima Portfolio Management inc. 的前 5 大持股（包含 RY, SHOP, KGC）貢獻了組合市值的 15.3%，形成該機構在 Q3 2025 季度的基本面基石。
本季最大新建倉標的
TD
市值: US$1823.6萬
本季最大獲利了結 / 清倉標的
PBA
前期市值: US$1067.5萬
| # | 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 | RY | Royal Bank Of Canada | 股票-金融 | 5.00% | -0.22% | +3.75% | |
| 2 | SHOP | Shopify Inc - Class A | 股票-科技 | 3.69% | +1.18% | +22.39% | |
| 3 | KGC | Kinross Gold CORP | 股票-原物料 | 3.05% | -0.53% | -5.14% | |
| 4 | BN | Brookfield CORP | 股票-金融 | 2.99% | -0.12% | EXIT | |
| 5 | CLS | Celestica Inc | 股票-科技 | 2.81% | -0.84% | -18.51% | |
| 6 | TD | Toronto-dominion Bank | 股票-金融 | 2.75% | -0.02% | +97.09% | |
| 7 | CM | Can Imperial Bk Of Commerce | 股票-金融 | 2.75% | -0.53% | +18.73% | |
| 8 | MSFT | Microsoft CORP | 股票-科技 | 2.15% | +0.91% | +47.81% | |
| 9 | AVGO | Broadcom Inc | 股票-科技 | 2.06% | -0.70% | +21.18% | |
| 10 | NVDA | Nvidia CORP | 股票-科技 | 2.02% | +0.38% | +11.21% | |
| 11 | BMO | Bank Of Montreal | 股票-金融 | 1.96% | -0.10% | -3.55% | |
| 12 | RBA | Rb Global Inc | 股票-工業 | 1.82% | — | +47.13% | |
| 13 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.78% | -0.19% | +0.11% | |
| 14 | FTS | Fortis Inc | 股票-公用事業 | 1.78% | -0.16% | +11.09% | |
| 15 | TIGO | Millicom International Cellular S.A. | 股票-通訊服務 | 1.49% | -0.82% | +122.30% | |
| 16 | ENB | Enbridge Inc | 股票-能源 | 1.48% | -0.99% | -25.96% | |
| 17 | PAAS | Pan American Silver CORP | 股票-原物料 | 1.42% | -0.94% | EXIT | |
| 18 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.36% | — | +4.93% | |
| 19 | IAG | Iamgold CORP | 股票-其他 | 1.35% | +0.30% | -8.58% | |
| 20 | NTR | Nutrien LTD | 股票-原物料 | 1.29% | -0.19% | -5.88% | |
| 21 | WELL | Welltower Inc | 股票-房地產 | 1.24% | +0.02% | +8.86% | |
| 22 | MELI | Mercadolibre Inc | 股票-循環性消費 | 1.22% | — | +8.44% | |
| 23 | HBM | Hudbay Minerals Inc | 股票-其他 | 1.22% | +0.28% | — | |
| 24 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 1.21% | -0.18% | +29.63% | |
| 25 | AGI | Alamos Gold Inc-class A | 股票-原物料 | 1.20% | -0.03% | EXIT | |
| 26 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.18% | +0.04% | +25.97% | |
| 27 | ARES | Ares Management CORP - A | 股票-金融 | 1.18% | — | +3.08% | |
| 28 | SPOT | Spotify Technology S.A. | 股票-通訊服務 | 1.08% | — | +35.77% | |
| 29 | ✓ | Ferrovial Se | 股票-其他 | 1.08% | -0.97% | EXIT | |
| 30 | BNS | Bank Of Nova Scotia | 股票-金融 | 1.03% | +0.05% | +64.95% | |
| 31 | AXON | Axon Enterprise Inc | 股票-工業 | 1.01% | — | +20.32% | |
| 32 | IMO | Imperial Oil LTD | 股票-能源 | 0.98% | +0.23% | — | |
| 33 | GEV | GE Vernova Inc | 股票-工業 | 0.97% | -0.45% | -0.02% | |
| 34 | NGDN | New Gold Inc | 股票-其他 | 0.92% | — | +41.18% | |
| 35 | UBS | UBS Group AG | 股票-金融 | 0.90% | -0.17% | — | |
| 36 | CAE | Cae Inc | 股票-其他 | 0.88% | — | +25.08% | |
| 37 | AEM | Agnico Eagle Mines LTD | 股票-原物料 | 0.85% | -0.18% | EXIT | |
| 38 | HLI | Houlihan Lokey Inc | 股票-金融 | 0.83% | — | +24.63% | |
| 39 | CIB | Grupo Cibest Sa-adr | 股票-其他 | 0.83% | +0.41% | +0.92% | |
| 40 | XPEV | Xpeng Inc - Adr | 股票-其他 | 0.82% | — | -2.14% | |
| 41 | AER | AerCap Holdings N.V. | 股票-工業 | 0.78% | -0.18% | +0.15% | |
| 42 | TJX | Tjx Companies Inc | 股票-循環性消費 | 0.75% | -1.28% | -32.63% | |
| 43 | BSX | Boston Scientific CORP | 股票-醫療保健 | 0.72% | — | +4.69% | |
| 44 | V | Visa Inc-class A Shares | 股票-金融 | 0.71% | — | -19.33% | |
| 45 | RSG | Republic Services Inc | 股票-工業 | 0.71% | — | +2.86% | |
| 46 | TRI4EUR | Thomson Reuters CORP | 股票-其他 | 0.70% | — | -36.70% | |
| 47 | BABA | Alibaba Group Holding-sp Adr | 股票-循環性消費 | 0.69% | — | — | |
| 48 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.67% | -0.04% | EXIT | |
| 49 | KLAC | Kla CORP | 股票-科技 | 0.67% | -0.87% | — | |
| 50 | GILD | Gilead Sciences Inc | 股票-醫療保健 | 0.66% | +0.12% | +12.82% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | CLS | Celestica Inc | +1.2% | -18.51% | 減碼 |
| 2 | AVGO | Broadcom Inc | +1% | +21.18% | 加碼 |
| 3 | IAG | Iamgold CORP | +1% | -8.58% | 加碼 |
| 4 | MSFT | Microsoft CORP | +0.9% | +47.81% | 加碼 |
| 5 | NVDA | Nvidia CORP | +0.9% | +11.21% | 加碼 |
| 6 | FTS | Fortis Inc | +0.8% | +11.09% | 加碼 |
| 7 | SHOP | Shopify Inc - Class A | +0.8% | +22.39% | 加碼 |
| 8 | TSM | Taiwan Semiconductor-sp Adr | +0.7% | +29.63% | 加碼 |
| 9 | NGDN | New Gold Inc | +0.6% | +41.18% | 加碼 |
| 10 | PAAS | Pan American Silver CORP | +0.6% | +14.69% | 加碼 |
| 11 | CM | Can Imperial Bk Of Commerce | +0.6% | +18.73% | 加碼 |
| 12 | GILD | Gilead Sciences Inc | +0.6% | +12.82% | 加碼 |
| 13 | ORLY | O'reilly Automotive Inc | +0.6% | +0.72% | 加碼 |
| 14 | GEV | GE Vernova Inc | +0.5% | -0.02% | 加碼 |
| 15 | CSCO | Cisco Systems Inc | +0.4% | +132.65% | 加碼 |
| 16 | ROL | Rollins Inc | +0.4% | — | 加碼 |
| 17 | META | Meta Platforms Inc-class A | +0.4% | +25.97% | 加碼 |
| 18 | EZPW | Ezcorp Inc-cl A | +0.4% | +80.67% | 加碼 |
| 19 | RBA | Rb Global Inc | +0.3% | +47.13% | 加碼 |
| 20 | XPEV | Xpeng Inc - Adr | +0.3% | -2.14% | 加碼 |
| 21 | IMO | Imperial Oil LTD | +0.3% | — | 加碼 |
| 22 | AXON | Axon Enterprise Inc | +0.2% | +20.32% | 加碼 |
| 23 | JPM | Jpmorgan Chase & Co | +0.2% | +4.93% | 加碼 |
| 24 | BCH | Banco De Chile-adr | +0.2% | — | 加碼 |
| 25 | UBER | Uber Technologies Inc | +0.2% | +9.83% | 加碼 |
| 26 | AZO | Autozone Inc | +0.2% | -6.14% | 加碼 |
| 27 | ECL | Ecolab Inc | +0.2% | +91.14% | 加碼 |
| 28 | BABA | Alibaba Group Holding-sp Adr | +0.2% | — | 加碼 |
| 29 | DNN | Denison Mines CORP | +0.2% | — | 加碼 |
| 30 | WELL | Welltower Inc | +0.1% | +8.86% | 加碼 |
| 31 | MA | Mastercard Inc - A | +0.1% | +206.35% | 加碼 |
| 32 | HLI | Houlihan Lokey Inc | +0.1% | +24.63% | 加碼 |
| 33 | MELI | Mercadolibre Inc | +0.1% | +8.44% | 加碼 |
| 34 | AMZN | Amazon.com Inc | +0.1% | +51.89% | 加碼 |
| 35 | GOOGL | Alphabet Inc-cl A | +0.1% | +0.11% | 減碼 |
| 36 | CCJ | Cameco CORP | +0.1% | +15.57% | 減碼 |
| 37 | POWL | Powell Industries Inc | +0.1% | — | 加碼 |
| 38 | KGC | Kinross Gold CORP | 0% | -5.14% | 減碼 |
| 39 | COST | Costco Wholesale CORP | 0% | +25.86% | 加碼 |
| 40 | VEEV | Veeva Systems Inc-class A | 0% | +20.76% | 加碼 |
| 41 | TTWO | Take-two Interactive Softwre | 0% | +1.42% | 加碼 |
| 42 | MOS | Mosaic Co/the | 0% | -21.30% | 加碼 |
| 43 | CW | Curtiss-wright CORP | 0% | +1.76% | 加碼 |
| 44 | SSRM | Ssr Mining Inc | 0% | — | 不變 |
| 45 | WMT | Walmart Inc | — | +11.03% | 加碼 |
| 46 | VNET | Vnet Group Inc-adr | — | +26.28% | 加碼 |
| 47 | CHRW | C.h. Robinson Worldwide Inc | 0% | — | 不變 |
| 48 | SYK | Stryker CORP | 0% | -53.66% | 加碼 |
| 49 | NVS | Novartis Ag-sponsored Adr | 0% | +0.52% | 加碼 |
| 50 | AER | AerCap Holdings N.V. | -0.1% | +0.15% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Triasima Portfolio Management inc. 在 Q3 2025 季度的美股持倉總市值約為 US$7.6億，共申報了 149 個公開持股部位。
在 Q3 2025 季度，Triasima Portfolio Management inc. 按市值排列的前三大核心持股分別為：RY (5.0%)、SHOP (3.7%)、KGC (3.0%)。其中最大持股部位 RY 佔據整體投資組合約 5.0% 的權重。
在 Q3 2025 季度中，Triasima Portfolio Management inc. 共進行了 198 項持倉異動，包含新建倉 64 個部位、加碼 47 個部位、減碼 28 個部位以及清倉 59 個部位。 其中最大新建倉標的為 TD。 本季清倉部位包含 PBA。
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。
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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。
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。