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: 0001441888
申報總市值
US$12.2億
US$12.2億
166 檔
12.5%
在 Q3 2025 申報期間，Tributary Capital Management, LLC（CIK: 0001441888）向美國 SEC 提交的 Form 13F 報告顯示，其追蹤之股票投資組合總市值達 US$12.2億，共持有 166 個公開申報部位。
從 Q3 2025 申報觀察，Tributary Capital Management, LLC 採取防禦導向的調倉策略，本季減碼 31 檔個股並出清 4 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，Tributary Capital Management, LLC 的前 5 大核心持股（包含 NPO, ESE, AEIS 等）合計佔整體申報市值的 12.5%，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 | NPO | Enpro Inc | 股票-工業 | 3.27% | +0.71% | -4.88% | |
| 2 | ESE | Esco Technologies Inc | 股票-科技 | 2.98% | -0.86% | -3.73% | |
| 3 | AEIS | Advanced Energy Industries | 股票-工業 | 2.65% | -0.70% | -3.73% | |
| 4 | MC | Moelis & Co - Class A | 股票-金融 | 2.56% | -0.16% | -4.38% | |
| 5 | ITGR | Integer Holdings CORP | 股票-醫療保健 | 2.34% | -0.17% | -3.72% | |
| 6 | AUB | Atlantic Union Bankshares Co | 股票-金融 | 2.26% | -0.06% | -4.28% | |
| 7 | ADUS | Addus Homecare CORP | 股票-其他 | 2.13% | -0.19% | +7.06% | |
| 8 | IDA | Idacorp Inc | 股票-公用事業 | 2.09% | -0.28% | -4.74% | |
| 9 | SIGI | Selective Insurance Group | 股票-金融 | 2.03% | +0.11% | -4.39% | |
| 10 | SBCF | Seacoast Banking Corp/fl | 股票-其他 | 2.01% | -0.20% | -0.31% | |
| 11 | ICFI | Icf International Inc | 股票-其他 | 1.95% | -0.10% | +13.31% | |
| 12 | BOOT | Boot Barn Holdings Inc | 股票-循環性消費 | 1.94% | +0.03% | -3.73% | |
| 13 | KFY | Korn Ferry | 股票-工業 | 1.94% | -0.22% | -3.72% | |
| 14 | STC | Stewart Information Services | 股票-其他 | 1.89% | -0.19% | -3.73% | |
| 15 | MCRI | Monarch Casino & Resort Inc | 股票-其他 | 1.86% | -0.12% | -21.09% | |
| 16 | EXLS | Exlservice Holdings Inc | 股票-科技 | 1.78% | -0.48% | -4.75% | |
| 17 | MMI | Marcus & Millichap Inc | 股票-其他 | 1.78% | -0.07% | -3.78% | |
| 18 | ALG | Alamo Group Inc | 股票-其他 | 1.76% | -0.06% | -3.75% | |
| 19 | KALU | Kaiser Aluminum CORP | 股票-其他 | 1.75% | -0.84% | -3.73% | |
| 20 | PATK | Patrick Industries Inc | 股票-循環性消費 | 1.74% | -0.60% | -24.01% | |
| 21 | DORM | Dorman Products Inc | 股票-循環性消費 | 1.65% | +0.19% | -4.73% | |
| 22 | CPK | Chesapeake Utilities CORP | 股票-其他 | 1.65% | -0.30% | -3.73% | |
| 23 | GOLF | Acushnet Holdings CORP | 股票-其他 | 1.62% | -0.28% | -3.72% | |
| 24 | BCPC | Balchem CORP | 股票-原物料 | 1.61% | -0.38% | -5.15% | |
| 25 | ENOV | Enovis CORP | 股票-其他 | 1.58% | -0.22% | -4.25% | |
| 26 | AMBA | Ambarella, Inc. | 股票-科技 | 1.58% | — | -5.76% | |
| 27 | DIOD | Diodes Inc | 股票-其他 | 1.56% | +0.69% | -3.76% | |
| 28 | BHE | Benchmark Electronics Inc | 股票-其他 | 1.53% | +0.64% | -3.75% | |
| 29 | UMBF | Umb Financial CORP | 股票-金融 | 1.49% | -0.06% | EXIT | |
| 30 | NOG | Northern Oil And Gas Inc | 股票-能源 | 1.47% | -1.16% | +23.16% | |
| 31 | BLKB | Blackbaud Inc | 股票-其他 | 1.47% | -0.30% | -5.13% | |
| 32 | LFUS | Littelfuse Inc | 股票-科技 | 1.47% | -0.13% | -5.17% | |
| 33 | OLLI | Ollie's Bargain Outlet Holdi | 股票-非循環性消費 | 1.44% | -0.03% | -20.80% | |
| 34 | COHU | Cohu Inc | 股票-其他 | 1.40% | +1.09% | +15.75% | |
| 35 | FELE | Franklin Electric Co Inc | 股票-工業 | 1.35% | -0.06% | -4.69% | |
| 36 | SM | Sm Energy Co | 股票-能源 | 1.34% | — | +18.42% | |
| 37 | ENS | Enersys | 股票-工業 | 1.34% | +0.17% | -4.57% | |
| 38 | RAMP | Liveramp Holdings Inc | 股票-其他 | 1.30% | +0.23% | +16.98% | |
| 39 | NTST | Netstreit CORP | 股票-其他 | 1.27% | -0.08% | -3.72% | |
| 40 | VIAV | Viavi Solutions Inc | 股票-科技 | 1.27% | -1.03% | -3.54% | |
| 41 | CSW | Csw Industrials Inc | 股票-工業 | 1.26% | -0.17% | -3.76% | |
| 42 | OBK | Origin Bancorp Inc | 股票-其他 | 1.23% | +0.02% | -3.75% | |
| 43 | WD | Walker & Dunlop Inc | 股票-其他 | 1.23% | — | -3.38% | |
| 44 | CTRE | Caretrust Reit Inc | 股票-房地產 | 1.19% | — | -21.41% | |
| 45 | SHO | Sunstone Hotel Investors Inc | 股票-其他 | 1.14% | +0.07% | -3.80% | |
| 46 | KFRC | Kforce Inc | 股票-其他 | 1.12% | +0.40% | -3.51% | |
| 47 | POWI | Power Integrations Inc | 股票-科技 | 1.10% | +0.67% | -4.48% | |
| 48 | PBH | Prestige Consumer Healthcare | 股票-醫療保健 | 1.07% | -0.52% | +28.66% | |
| 49 | BWIN | Baldwin Insurance Group Inc/ | 股票-其他 | 1.04% | — | -3.75% | |
| 50 | IPAR | Interparfums Inc | 股票-其他 | 1.02% | +0.01% | +19.78% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | LFUS | Littelfuse Inc | +1.4% | -5.17% | 加碼 |
| 2 | AEIS | Advanced Energy Industries | +1.2% | -3.73% | 減碼 |
| 3 | NPO | Enpro Inc | +0.7% | -4.88% | 減碼 |
| 4 | COHU | Cohu Inc | +0.6% | +15.75% | 加碼 |
| 5 | SBCF | Seacoast Banking Corp/fl | +0.6% | -0.31% | 加碼 |
| 6 | ESE | Esco Technologies Inc | +0.6% | -3.73% | 減碼 |
| 7 | AMBA | Ambarella, Inc. | +0.5% | -5.76% | 減碼 |
| 8 | AUB | Atlantic Union Bankshares Co | +0.4% | -4.28% | 加碼 |
| 9 | MC | Moelis & Co - Class A | +0.4% | -4.38% | 減碼 |
| 10 | KALU | Kaiser Aluminum CORP | +0.4% | -3.73% | 減碼 |
| 11 | BOOT | Boot Barn Holdings Inc | +0.3% | -3.73% | 減碼 |
| 12 | ICFI | Icf International Inc | +0.3% | +13.31% | 加碼 |
| 13 | ADUS | Addus Homecare CORP | +0.3% | +7.06% | 減碼 |
| 14 | CPK | Chesapeake Utilities CORP | +0.2% | -3.73% | 加碼 |
| 15 | RAMP | Liveramp Holdings Inc | +0.2% | +16.98% | 加碼 |
| 16 | KFY | Korn Ferry | -0.1% | -3.72% | 減碼 |
| 17 | STC | Stewart Information Services | -0.1% | -3.73% | 減碼 |
| 18 | BHE | Benchmark Electronics Inc | -0.1% | -3.75% | 減碼 |
| 19 | CTS | Cts CORP | -0.1% | -3.71% | 減碼 |
| 20 | CTRE | Caretrust Reit Inc | -0.1% | -21.41% | 減碼 |
| 21 | OBK | Origin Bancorp Inc | -0.1% | -3.75% | 減碼 |
| 22 | MMI | Marcus & Millichap Inc | -0.1% | -3.78% | 加碼 |
| 23 | NOG | Northern Oil And Gas Inc | -0.2% | +23.16% | 加碼 |
| 24 | CASS | Cass Information Systems Inc | -0.2% | -3.71% | 減碼 |
| 25 | SM | Sm Energy Co | -0.2% | +18.42% | 加碼 |
| 26 | UMBF | Umb Financial CORP | -0.2% | -8.53% | 減碼 |
| 27 | EXLS | Exlservice Holdings Inc | -0.3% | -4.75% | 減碼 |
| 28 | POWI | Power Integrations Inc | -0.3% | -4.48% | 減碼 |
| 29 | BCPC | Balchem CORP | -0.3% | -5.15% | 減碼 |
| 30 | AMN | Amn Healthcare Services Inc | -0.3% | -4.34% | 減碼 |
| 31 | LGIH | Lgi Homes Inc | -0.4% | -3.44% | 減碼 |
| 32 | CSW | Csw Industrials Inc | -0.4% | -3.76% | 減碼 |
| 33 | SIGI | Selective Insurance Group | -0.4% | -4.39% | 減碼 |
| 34 | PATK | Patrick Industries Inc | -0.5% | -24.01% | 減碼 |
| 35 | ENOV | Enovis CORP | -0.5% | -4.25% | 減碼 |
| 36 | ENS | Enersys | -0.5% | -4.57% | 減碼 |
| 37 | ITGR | Integer Holdings CORP | -0.5% | -3.72% | 減碼 |
| 38 | BWIN | Baldwin Insurance Group Inc/ | -0.7% | -3.75% | 減碼 |
| 39 | KFRC | Kforce Inc | -0.9% | -3.51% | 減碼 |
| 40 | ADC | Agree Realty CORP | -1.1% | -40.27% | 減碼 |
| 41 | OLLI | Ollie's Bargain Outlet Holdi | -1.4% | -20.80% | 減碼 |
| 42 | NVEEUSD | Nv5 Global Inc | — | EXIT | 清倉 |
| 43 | PBH | Prestige Consumer Healthcare | — | NEW | 新建倉 |
| 44 | IPAR | Interparfums Inc | — | NEW | 新建倉 |
| 45 | SUPN | Supernus Pharmaceuticals Inc | — | EXIT | 清倉 |
| 46 | AVNS | Avanos Medical Inc | — | EXIT | 清倉 |
| 47 | CON | Concentra Group Holdings Par | — | NEW | 新建倉 |
| 48 | PLUS | Eplus Inc | — | NEW | 新建倉 |
| 49 | CNMD | Conmed CORP | — | NEW | 新建倉 |
| 50 | 8LP1 | Vital Energy Inc | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Tributary Capital Management, LLC 在 Q3 2025 季度的美股持倉總市值約為 US$12.2億，共申報了 166 個公開持股部位。
在 Q3 2025 季度，Tributary Capital Management, LLC 按市值排列的前三大核心持股分別為：NPO (3.3%)、ESE (3.0%)、AEIS (2.6%)。其中最大持股部位 NPO 佔據整體投資組合約 3.3% 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
PBH
市值: US$1183.8萬
本季最大獲利了結 / 清倉標的
NVEEUSD
前期市值: US$1657.8萬
在 Q3 2025 季度中，Tributary Capital Management, LLC 共進行了 50 項持倉異動，包含新建倉 5 個部位、加碼 10 個部位、減碼 31 個部位以及清倉 4 個部位。 其中最大新建倉標的為 PBH。 本季清倉部位包含 NVEEUSD。
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。