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: 0001769646
申報總市值
US$5.5億
US$5.5億
562 檔
13.9%
根據最新整理的 13F 季度數據集，Twinbeech Capital LP 於 Q4 2025 結束時的管理資產規模為 US$5.5億。該機構在本季度申報了 562 檔美股持倉，呈現出該時期的主要投資地圖。
Twinbeech Capital LP 在 Q4 2025 的調整主要集中於風險出清，清倉與減碼部位合計達 130 檔，反映機構對當前市場環境或個別公司估值採取較為保留之看法。
檢視投資組合結構，前 5 大主力部位（包含 ETN, EOG, MPC）占據了總市值的 13.9%，展現出該機構在 Q4 2025 的重點資金聚焦與風險分佈特徵。
僅顯示前 200 大持股（共 562 檔）
| # | 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 | ETN | Eaton Corporation plc | 股票-工業 | 1.13% | — | — | |
| 2 | EOG | Eog Resources Inc | 股票-能源 | 1.10% | — | +8.66% | |
| 3 | MPC | Marathon Petroleum CORP | 股票-能源 | 1.08% | -0.02% | EXIT | |
| 4 | BSX | Boston Scientific CORP | 股票-醫療保健 | 1.07% | +0.35% | -48.27% | |
| 5 | MS | Morgan Stanley | 股票-金融 | 1.06% | -0.04% | EXIT | |
| 6 | ROST | Ross Stores Inc | 股票-循環性消費 | 1.05% | -0.67% | EXIT | |
| 7 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.02% | -0.04% | EXIT | |
| 8 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 1.02% | — | +96.88% | |
| 9 | URI | United Rentals Inc | 股票-工業 | 1.01% | — | — | |
| 10 | CARR | Carrier Global CORP | 股票-工業 | 0.99% | -0.23% | +14.82% | |
| 11 | SGI | Somnigroup International Inc | 股票-循環性消費 | 0.98% | -0.93% | EXIT | |
| 12 | OTIS | Otis Worldwide CORP | 股票-工業 | 0.98% | -0.62% | EXIT | |
| 13 | TTD | Trade Desk Inc/the -class A | 股票-通訊服務 | 0.97% | — | — | |
| 14 | MRVL | Marvell Technology Inc | 股票-科技 | 0.96% | -0.03% | EXIT | |
| 15 | LVS | Las Vegas Sands CORP | 股票-循環性消費 | 0.96% | +0.95% | +26.76% | |
| 16 | DT | Dynatrace Inc | 股票-科技 | 0.96% | — | +311.69% | |
| 17 | MDB | Mongodb Inc | 股票-科技 | 0.95% | — | -57.85% | |
| 18 | NET | Cloudflare Inc - Class A | 股票-科技 | 0.95% | -0.05% | EXIT | |
| 19 | A | Agilent Technologies Inc | 股票-醫療保健 | 0.95% | -0.75% | — | |
| 20 | THC | Tenet Healthcare CORP | 股票-醫療保健 | 0.94% | -0.58% | EXIT | |
| 21 | ORLY | O'reilly Automotive Inc | 股票-循環性消費 | 0.90% | — | +790.01% | |
| 22 | CNC | Centene CORP | 股票-醫療保健 | 0.89% | -0.84% | — | |
| 23 | BLK | Blackrock Inc | 股票-金融 | 0.86% | +1.01% | — | |
| 24 | LNG | Cheniere Energy Inc | 股票-能源 | 0.84% | -0.04% | EXIT | |
| 25 | DTE | Dte Energy Company | 股票-公用事業 | 0.83% | — | — | |
| 26 | IOT | Samsara Inc-cl A | 股票-科技 | 0.80% | -0.44% | EXIT | |
| 27 | GPN | Global Payments Inc | 股票-工業 | 0.79% | -0.31% | EXIT | |
| 28 | J | Jacobs Solutions Inc | 股票-工業 | 0.79% | -0.03% | EXIT | |
| 29 | CDW | Cdw Corp/de | 股票-科技 | 0.75% | — | -46.55% | |
| 30 | VEEV | Veeva Systems Inc-class A | 股票-醫療保健 | 0.75% | — | — | |
| 31 | APD | Air Products & Chemicals Inc | 股票-原物料 | 0.73% | — | -40.07% | |
| 32 | FWONK | Liberty Media Corp-formula-c | 股票-通訊服務 | 0.73% | -0.97% | EXIT | |
| 33 | NOW | Servicenow Inc | 股票-科技 | 0.72% | — | — | |
| 34 | ACM | Aecom | 股票-工業 | 0.71% | +0.85% | NEW | |
| 35 | NFLX | Netflix Inc | 股票-通訊服務 | 0.71% | +0.07% | +29836.72% | |
| 36 | VIK | Viking Holdings Ltd | 股票-循環性消費 | 0.70% | — | +57.74% | |
| 37 | BNY | Bank Of New York Mellon CORP | 股票-金融 | 0.69% | — | +1301.80% | |
| 38 | COHR | Coherent CORP | 股票-科技 | 0.69% | — | — | |
| 39 | AVGO | Broadcom Inc | 股票-科技 | 0.65% | +0.04% | NEW | |
| 40 | MSFT | Microsoft CORP | 股票-科技 | 0.64% | -0.22% | — | |
| 41 | DDOG | Datadog Inc - Class A | 股票-科技 | 0.63% | -0.26% | EXIT | |
| 42 | RPM | Rpm International Inc | 股票-原物料 | 0.63% | -0.15% | EXIT | |
| 43 | SNX | TD Synnex CORP | 股票-科技 | 0.63% | — | — | |
| 44 | TDG | Transdigm Group Inc | 股票-工業 | 0.62% | -0.05% | EXIT | |
| 45 | HD | Home Depot Inc | 股票-循環性消費 | 0.59% | -0.73% | EXIT | |
| 46 | MRNA | Moderna Inc | 股票-醫療保健 | 0.59% | -0.18% | EXIT | |
| 47 | FNF | Fidelity National Financial | 股票-金融 | 0.58% | +0.88% | — | |
| 48 | AKAM | Akamai Technologies Inc | 股票-科技 | 0.57% | +0.17% | NEW | |
| 49 | CPNG | Coupang Inc | 股票-循環性消費 | 0.56% | — | +4997.05% | |
| 50 | WAT | Waters CORP | 股票-醫療保健 | 0.56% | +0.89% | NEW |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | MPC | Marathon Petroleum CORP | +1.1% | +8644.37% | 加碼 |
| 2 | JNJ | Johnson & Johnson | +1% | +1472.40% | 加碼 |
| 3 | OTIS | Otis Worldwide CORP | +1% | +5376.10% | 加碼 |
| 4 | ORLY | O'reilly Automotive Inc | +0.8% | +790.01% | 加碼 |
| 5 | DT | Dynatrace Inc | +0.8% | +311.69% | 加碼 |
| 6 | FWONK | Liberty Media Corp-formula-c | +0.7% | +2776.20% | 加碼 |
| 7 | PG | Procter & Gamble Co/the | +0.7% | +96.88% | 加碼 |
| 8 | NFLX | Netflix Inc | +0.7% | +29836.72% | 加碼 |
| 9 | BNY | Bank Of New York Mellon CORP | +0.7% | +1301.80% | 加碼 |
| 10 | AVGO | Broadcom Inc | +0.6% | +1445.66% | 加碼 |
| 11 | LVS | Las Vegas Sands CORP | +0.6% | +26.76% | 加碼 |
| 12 | CPNG | Coupang Inc | +0.6% | +4997.05% | 加碼 |
| 13 | RPM | Rpm International Inc | +0.5% | +244.23% | 加碼 |
| 14 | LUV | Southwest Airlines Co | +0.5% | +674.55% | 加碼 |
| 15 | RYAN | Ryan Specialty Holdings Inc | +0.5% | +1940.55% | 加碼 |
| 16 | WAT | Waters CORP | +0.5% | +118.74% | 加碼 |
| 17 | TMHC | Taylor Morrison Home CORP | +0.4% | +1480.35% | 加碼 |
| 18 | NWSA | News CORP - Class A | +0.3% | +1016.94% | 加碼 |
| 19 | CNH | CNH Industrial N.V. | +0.3% | +819.88% | 加碼 |
| 20 | MDB | Mongodb Inc | 0% | -57.85% | 減碼 |
| 21 | APD | Air Products & Chemicals Inc | 0% | -40.07% | 減碼 |
| 22 | PCVX | Vaxcyte Inc | -0.1% | -65.70% | 減碼 |
| 23 | BSX | Boston Scientific CORP | -0.1% | -48.27% | 減碼 |
| 24 | CDW | Cdw Corp/de | -0.2% | -46.55% | 減碼 |
| 25 | TW | Tradeweb Markets Inc-class A | -0.2% | -57.83% | 減碼 |
| 26 | UFPI | Ufp Industries Inc | -0.2% | -93.50% | 減碼 |
| 27 | WBS | Webster Financial CORP | -0.2% | -81.67% | 減碼 |
| 28 | BROS | Dutch Bros Inc-class A | -0.2% | -94.60% | 減碼 |
| 29 | PRMB | Primo Brands CORP | -0.2% | -70.00% | 減碼 |
| 30 | DPZ | Domino's Pizza Inc | -0.2% | -59.30% | 減碼 |
| 31 | FLS | Flowserve CORP | -0.2% | -86.80% | 減碼 |
| 32 | MELI | Mercadolibre Inc | -0.2% | -63.89% | 減碼 |
| 33 | TREX | Trex Company Inc | -0.2% | -87.08% | 減碼 |
| 34 | LH | Labcorp Holdings Inc | -0.3% | -88.14% | 減碼 |
| 35 | BLDR | Builders Firstsource Inc | -0.3% | -87.67% | 減碼 |
| 36 | GPK | Graphic Packaging Holding Co | -0.3% | -89.84% | 減碼 |
| 37 | ZBRA | Zebra Technologies Corp-cl A | -0.3% | -64.83% | 減碼 |
| 38 | ZM | Zoom Communications Inc | -0.3% | -97.81% | 減碼 |
| 39 | SOFI | Sofi Technologies Inc | -0.3% | -97.67% | 減碼 |
| 40 | FLEX | Flex Ltd. | -0.4% | -71.83% | 減碼 |
| 41 | SFM | Sprouts Farmers Market Inc | -0.5% | -78.30% | 減碼 |
| 42 | UBER | Uber Technologies Inc | -0.6% | -97.62% | 減碼 |
| 43 | VST | Vistra CORP | -0.6% | -72.86% | 減碼 |
| 44 | PEG | Public Service Enterprise Gp | -0.8% | -98.55% | 減碼 |
| 45 | CRDO | Credo Technology Group Holding Ltd | -0.8% | -98.79% | 減碼 |
| 46 | CDNS | Cadence Design Sys Inc | -0.8% | -87.64% | 減碼 |
| 47 | COF | Capital One Financial CORP | -0.8% | -98.73% | 減碼 |
| 48 | FCNCA | First Citizens Bcshs -cl A | -0.8% | -99.08% | 減碼 |
| 49 | GWRE | Guidewire Software Inc | -0.8% | -97.61% | 減碼 |
| 50 | FISV | Fiserv Inc | -0.9% | -93.62% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Twinbeech Capital LP 在 Q4 2025 季度的美股持倉總市值約為 US$5.5億，共申報了 562 個公開持股部位。
在 Q4 2025 季度，Twinbeech Capital LP 按市值排列的前三大核心持股分別為：ETN (1.1%)、EOG (1.1%)、MPC (1.1%)。其中最大持股部位 ETN 佔據整體投資組合約 1.1% 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
ETN
市值: US$1592.2萬
本季最大獲利了結 / 清倉標的
KVUE
前期市值: US$3192.5萬
在 Q4 2025 季度中，Twinbeech Capital LP 共進行了 200 項持倉異動，包含新建倉 51 個部位、加碼 19 個部位、減碼 38 個部位以及清倉 92 個部位。 其中最大新建倉標的為 ETN。 本季清倉部位包含 KVUE。
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。