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
167 檔
11.3%
根據最新整理的 13F 季度數據集，Tributary Capital Management, LLC 於 Q4 2025 結束時的管理資產規模為 US$12.2億。該機構在本季度申報了 167 檔美股持倉，呈現出該時期的主要投資地圖。
在 Q4 2025，Tributary Capital Management, LLC 展現出較為審慎的避險與獲利了結姿態。本季共減碼 37 個部位並完全清倉 2 檔持股，調降曝險的部位數量高於加碼動作。
檢視投資組合結構，前 5 大主力部位（包含 AEIS, ESE, NPO）占據了總市值的 11.3%，展現出該機構在 Q4 2025 的重點資金聚焦與風險分佈特徵。
| # | 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 | AEIS | Advanced Energy Industries | 股票-工業 | 2.89% | -0.70% | -18.78% | |
| 2 | ESE | Esco Technologies Inc | 股票-科技 | 2.79% | -0.86% | -6.94% | |
| 3 | NPO | Enpro Inc | 股票-工業 | 2.71% | +0.71% | -19.69% | |
| 4 | KALU | Kaiser Aluminum CORP | 股票-其他 | 2.64% | -0.84% | -6.93% | |
| 5 | MC | Moelis & Co - Class A | 股票-金融 | 2.50% | -0.16% | -6.81% | |
| 6 | AUB | Atlantic Union Bankshares Co | 股票-金融 | 2.29% | -0.06% | -6.98% | |
| 7 | SBCF | Seacoast Banking Corp/fl | 股票-其他 | 2.24% | -0.20% | -0.65% | |
| 8 | SIGI | Selective Insurance Group | 股票-金融 | 2.11% | +0.11% | -7.17% | |
| 9 | IDA | Idacorp Inc | 股票-公用事業 | 2.03% | -0.28% | -6.61% | |
| 10 | ADUS | Addus Homecare CORP | 股票-其他 | 1.96% | -0.19% | -6.97% | |
| 11 | KFY | Korn Ferry | 股票-工業 | 1.85% | -0.22% | -7.03% | |
| 12 | BOOT | Boot Barn Holdings Inc | 股票-循環性消費 | 1.84% | +0.03% | -18.29% | |
| 13 | STC | Stewart Information Services | 股票-其他 | 1.83% | -0.19% | -6.94% | |
| 14 | BCPC | Balchem CORP | 股票-原物料 | 1.83% | -0.38% | +1.95% | |
| 15 | VIAV | Viavi Solutions Inc | 股票-科技 | 1.80% | -1.03% | -6.94% | |
| 16 | ICFI | Icf International Inc | 股票-其他 | 1.80% | -0.10% | -7.87% | |
| 17 | NOG | Northern Oil And Gas Inc | 股票-能源 | 1.77% | -1.16% | +27.67% | |
| 18 | ENS | Enersys | 股票-工業 | 1.75% | +0.17% | -7.38% | |
| 19 | EXLS | Exlservice Holdings Inc | 股票-科技 | 1.74% | -0.48% | -6.77% | |
| 20 | BHE | Benchmark Electronics Inc | 股票-其他 | 1.72% | +0.64% | -6.91% | |
| 21 | CSW | Csw Industrials Inc | 股票-工業 | 1.71% | -0.17% | +3.53% | |
| 22 | ITGR | Integer Holdings CORP | 股票-醫療保健 | 1.71% | -0.17% | -11.32% | |
| 23 | MCRI | Monarch Casino & Resort Inc | 股票-其他 | 1.71% | -0.12% | -6.96% | |
| 24 | DIOD | Diodes Inc | 股票-其他 | 1.68% | +0.69% | +7.09% | |
| 25 | GOLF | Acushnet Holdings CORP | 股票-其他 | 1.67% | -0.28% | -6.95% | |
| 26 | MMI | Marcus & Millichap Inc | 股票-其他 | 1.65% | -0.07% | -8.52% | |
| 27 | COHU | Cohu Inc | 股票-其他 | 1.61% | +1.09% | -7.47% | |
| 28 | CPK | Chesapeake Utilities CORP | 股票-其他 | 1.55% | -0.30% | -6.95% | |
| 29 | PATK | Patrick Industries Inc | 股票-循環性消費 | 1.55% | -0.60% | -22.13% | |
| 30 | ALG | Alamo Group Inc | 股票-其他 | 1.54% | -0.06% | -8.62% | |
| 31 | BLKB | Blackbaud Inc | 股票-其他 | 1.53% | -0.30% | -2.46% | |
| 32 | RAMP | Liveramp Holdings Inc | 股票-其他 | 1.52% | +0.23% | -0.88% | |
| 33 | UMBF | Umb Financial CORP | 股票-金融 | 1.47% | -0.06% | EXIT | |
| 34 | LFUS | Littelfuse Inc | 股票-科技 | 1.46% | -0.13% | -6.62% | |
| 35 | PLUS | Eplus Inc | 股票-其他 | 1.39% | -0.03% | +9.05% | |
| 36 | ENOV | Enovis CORP | 股票-其他 | 1.38% | -0.22% | -8.58% | |
| 37 | FELE | Franklin Electric Co Inc | 股票-工業 | 1.37% | -0.06% | -6.77% | |
| 38 | OBK | Origin Bancorp Inc | 股票-其他 | 1.36% | +0.02% | -6.92% | |
| 39 | PBH | Prestige Consumer Healthcare | 股票-醫療保健 | 1.36% | -0.52% | +17.83% | |
| 40 | SHO | Sunstone Hotel Investors Inc | 股票-其他 | 1.35% | +0.07% | +14.22% | |
| 41 | DORM | Dorman Products Inc | 股票-循環性消費 | 1.33% | +0.19% | -6.72% | |
| 42 | NTST | Netstreit CORP | 股票-其他 | 1.26% | -0.08% | -6.95% | |
| 43 | OLLI | Ollie's Bargain Outlet Holdi | 股票-非循環性消費 | 1.25% | -0.03% | -6.50% | |
| 44 | KFRC | Kforce Inc | 股票-其他 | 1.15% | +0.40% | -8.66% | |
| 45 | CTS | Cts CORP | 股票-其他 | 1.13% | — | +1.41% | |
| 46 | CON | Concentra Group Holdings Par | 股票-其他 | 1.10% | +0.21% | +12.41% | |
| 47 | MBWM | Mercantile Bank CORP | 股票-其他 | 1.10% | -0.07% | -7.01% | |
| 48 | CNMD | Conmed CORP | 股票-其他 | 1.08% | -0.16% | +29.38% | |
| 49 | POWI | Power Integrations Inc | 股票-科技 | 1.06% | +0.67% | +0.17% | |
| 50 | CASS | Cass Information Systems Inc | 股票-其他 | 1.05% | -0.04% | -6.94% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | KALU | Kaiser Aluminum CORP | +0.9% | -6.93% | 減碼 |
| 2 | VIAV | Viavi Solutions Inc | +0.5% | -6.94% | 減碼 |
| 3 | CSW | Csw Industrials Inc | +0.5% | +3.53% | 加碼 |
| 4 | PLUS | Eplus Inc | +0.4% | +9.05% | 加碼 |
| 5 | ENS | Enersys | +0.4% | -7.38% | 減碼 |
| 6 | NOG | Northern Oil And Gas Inc | +0.3% | +27.67% | 加碼 |
| 7 | PBH | Prestige Consumer Healthcare | +0.3% | +17.83% | 加碼 |
| 8 | RAMP | Liveramp Holdings Inc | +0.2% | -0.88% | 減碼 |
| 9 | BCPC | Balchem CORP | +0.2% | +1.95% | 加碼 |
| 10 | SHO | Sunstone Hotel Investors Inc | +0.2% | +14.22% | 加碼 |
| 11 | COHU | Cohu Inc | +0.2% | -7.47% | 減碼 |
| 12 | CNMD | Conmed CORP | +0.2% | +29.38% | 加碼 |
| 13 | CTS | Cts CORP | +0.2% | +1.41% | 加碼 |
| 14 | SLP | Simulations Plus Inc | +0.2% | -8.38% | 減碼 |
| 15 | SIGI | Selective Insurance Group | +0.1% | -7.17% | 減碼 |
| 16 | GOLF | Acushnet Holdings CORP | +0.1% | -6.95% | 減碼 |
| 17 | AUB | Atlantic Union Bankshares Co | 0% | -6.98% | 減碼 |
| 18 | FELE | Franklin Electric Co Inc | 0% | -6.77% | 減碼 |
| 19 | LFUS | Littelfuse Inc | 0% | -6.62% | 減碼 |
| 20 | NTST | Netstreit CORP | 0% | -6.95% | 減碼 |
| 21 | UMBF | Umb Financial CORP | 0% | -6.73% | 減碼 |
| 22 | EXLS | Exlservice Holdings Inc | 0% | -6.77% | 減碼 |
| 23 | POWI | Power Integrations Inc | 0% | +0.17% | 加碼 |
| 24 | MC | Moelis & Co - Class A | -0.1% | -6.81% | 減碼 |
| 25 | IDA | Idacorp Inc | -0.1% | -6.61% | 減碼 |
| 26 | STC | Stewart Information Services | -0.1% | -6.94% | 減碼 |
| 27 | IPAR | Interparfums Inc | -0.1% | +0.92% | 加碼 |
| 28 | KFY | Korn Ferry | -0.1% | -7.03% | 減碼 |
| 29 | BOOT | Boot Barn Holdings Inc | -0.1% | -18.29% | 減碼 |
| 30 | CPK | Chesapeake Utilities CORP | -0.1% | -6.95% | 減碼 |
| 31 | MMI | Marcus & Millichap Inc | -0.1% | -8.52% | 減碼 |
| 32 | BWIN | Baldwin Insurance Group Inc/ | -0.1% | -7.24% | 減碼 |
| 33 | AMN | Amn Healthcare Services Inc | -0.1% | -8.52% | 減碼 |
| 34 | ICFI | Icf International Inc | -0.2% | -7.87% | 減碼 |
| 35 | MCRI | Monarch Casino & Resort Inc | -0.2% | -6.96% | 減碼 |
| 36 | ADUS | Addus Homecare CORP | -0.2% | -6.97% | 減碼 |
| 37 | ESE | Esco Technologies Inc | -0.2% | -6.94% | 減碼 |
| 38 | PATK | Patrick Industries Inc | -0.2% | -22.13% | 減碼 |
| 39 | OLLI | Ollie's Bargain Outlet Holdi | -0.2% | -6.50% | 減碼 |
| 40 | ENOV | Enovis CORP | -0.2% | -8.58% | 減碼 |
| 41 | CTRE | Caretrust Reit Inc | -0.2% | -27.62% | 減碼 |
| 42 | ALG | Alamo Group Inc | -0.2% | -8.62% | 減碼 |
| 43 | DORM | Dorman Products Inc | -0.3% | -6.72% | 減碼 |
| 44 | WD | Walker & Dunlop Inc | -0.4% | -8.67% | 減碼 |
| 45 | NPO | Enpro Inc | -0.6% | -19.69% | 減碼 |
| 46 | ITGR | Integer Holdings CORP | -0.6% | -11.32% | 減碼 |
| 47 | AMBA | Ambarella, Inc. | -0.8% | -49.26% | 減碼 |
| 48 | SM | Sm Energy Co | — | EXIT | 清倉 |
| 49 | LGIH | Lgi Homes Inc | — | EXIT | 清倉 |
| 50 | MGRC | Mcgrath Rentcorp | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Tributary Capital Management, LLC 在 Q4 2025 季度的美股持倉總市值約為 US$12.2億，共申報了 167 個公開持股部位。
在 Q4 2025 季度，Tributary Capital Management, LLC 按市值排列的前三大核心持股分別為：AEIS (2.9%)、ESE (2.8%)、NPO (2.7%)。其中最大持股部位 AEIS 佔據整體投資組合約 2.9% 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
MGRC
市值: US$906.3萬
本季最大獲利了結 / 清倉標的
SM
前期市值: US$1480.4萬
在 Q4 2025 季度中，Tributary Capital Management, LLC 共進行了 50 項持倉異動，包含新建倉 1 個部位、加碼 10 個部位、減碼 37 個部位以及清倉 2 個部位。 其中最大新建倉標的為 MGRC。 本季清倉部位包含 SM。
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。