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: 0000754811
申報總市值
US$10.4億
US$10.4億
135 檔
29.5%
Q1 2026 季度申報顯示，U S Global Investors Inc 揭露的美股組合總市值為 US$10.4億，涵蓋 135 個不同之權益投資部位。
U S Global Investors Inc 在 Q1 2026 進行了結構性的板塊輪動與部位換股。在開立 29 個全新部位及加碼 42 檔持股的同時，亦同步清倉 23 檔並減碼 35 檔標的。
檢視投資組合結構，前 5 大主力部位（包含 DAL, UAL, AAL）占據了總市值的 29.5%，展現出該機構在 Q1 2026 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 | DAL | Delta Air Lines Inc | 股票-工業 | 9.08% | +0.60% | -3.70% | |
| 2 | UAL | United Airlines Holdings Inc | 股票-工業 | 8.42% | +1.79% | -0.94% | |
| 3 | AAL | American Airlines Group Inc | 股票-工業 | 8.06% | +2.37% | +15.53% | |
| 4 | LUV | Southwest Airlines Co | 股票-工業 | 7.31% | +2.51% | -20.83% | |
| 5 | JBLU | Jetblue Airways CORP | 股票-工業 | 2.86% | +0.44% | +17.21% | |
| 6 | ALGT | Allegiant Travel Co | 股票-其他 | 2.83% | +1.10% | +5.11% | |
| 7 | ULCC | Frontier Group Holdings Inc | 股票-其他 | 2.79% | +0.95% | +63.88% | |
| 8 | SKYW | Skywest Inc | 股票-工業 | 2.76% | +0.42% | +15.51% | |
| 9 | ALK | Alaska Air Group Inc | 股票-工業 | 2.56% | +0.65% | +30.85% | |
| 10 | FNV | Franco-nevada CORP | 股票-原物料 | 2.43% | -0.81% | -5.49% | |
| 11 | RGLD | Royal Gold Inc | 股票-原物料 | 2.41% | -2.39% | -6.55% | |
| 12 | OR | Or Royalties Inc | 股票-其他 | 2.37% | -0.60% | +55.76% | |
| 13 | IAG | Iamgold CORP | 股票-其他 | 2.13% | -0.79% | +68.97% | |
| 14 | CDE | Coeur Mining Inc | 股票-原物料 | 1.82% | -1.13% | +133.76% | |
| 15 | TRIP | Tripadvisor Inc | 股票-其他 | 1.71% | +0.13% | +32.29% | |
| 16 | GFI | Gold Fields Ltd-spons Adr | 股票-原物料 | 1.67% | -1.59% | +110.91% | |
| 17 | EXPE | Expedia Group Inc | 股票-循環性消費 | 1.51% | +0.31% | -1.38% | |
| 18 | AU | AngloGold Ashanti plc | 股票-原物料 | 1.48% | -1.40% | +44.94% | |
| 19 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 1.48% | +0.26% | -0.73% | |
| 20 | BA | Boeing Co/the | 股票-工業 | 1.45% | +0.11% | -19.02% | |
| 21 | GD | General Dynamics CORP | 股票-工業 | 1.44% | +0.14% | -22.84% | |
| 22 | TXT | Textron Inc | 股票-工業 | 1.43% | +0.13% | -23.91% | |
| 23 | AEM | Agnico Eagle Mines LTD | 股票-原物料 | 1.40% | -0.95% | +97.11% | |
| 24 | SABR | Sabre CORP | 股票-科技 | 1.27% | +0.72% | -25.94% | |
| 25 | USAS | Americas Gold And Silver Cor | 股票-其他 | 1.10% | +0.09% | — | |
| 26 | AGI | Alamos Gold Inc-class A | 股票-原物料 | 1.04% | -0.75% | +474.35% | |
| 27 | VOXR | Vox Royalty CORP | 股票-其他 | 1.02% | -0.26% | +6.40% | |
| 28 | AUGO | Aura Minerals Inc. | 股票-其他 | 0.95% | -0.65% | — | |
| 29 | CGAU | Centerra Gold Inc | 股票-其他 | 0.91% | -0.45% | -39.27% | |
| 30 | DRD | Drdgold Ltd-sponsored Adr | 股票-其他 | 0.84% | -0.84% | EXIT | |
| 31 | SCZM | Santacruz Silver Mining LTD | 股票-其他 | 0.79% | -0.57% | — | |
| 32 | LTM | Latam Airlines Group Sa-adr | 股票-其他 | 0.78% | +0.12% | -10.21% | |
| 33 | EMBJ | Embraer Sa-spon Adr | 股票-工業 | 0.78% | -0.33% | -8.70% | |
| 34 | SVM | Silvercorp Metals Inc | 股票-其他 | 0.77% | -0.53% | +147.07% | |
| 35 | ARIS | Aris Mining CORP | 股票-其他 | 0.74% | -0.17% | — | |
| 36 | TCOM | Trip.com Group Ltd-adr | 股票-循環性消費 | 0.72% | -0.05% | +8.30% | |
| 37 | HMY | Harmony Gold Mng-spon Adr | 股票-其他 | 0.71% | -0.08% | +49.37% | |
| 38 | RYAAY | Ryanair Holdings Plc-sp Adr | 股票-工業 | 0.70% | +0.17% | -8.32% | |
| 39 | KGC | Kinross Gold CORP | 股票-原物料 | 0.70% | -0.70% | EXIT | |
| 40 | B | Barrick Mining CORP | 股票-原物料 | 0.68% | -0.08% | -54.65% | |
| 41 | MMYT | MakeMyTrip Limited | 股票-其他 | 0.61% | -0.10% | +176.60% | |
| 42 | PAAS | Pan American Silver CORP | 股票-原物料 | 0.47% | +0.29% | — | |
| 43 | NEM | Newmont CORP | 股票-原物料 | 0.46% | -0.01% | — | |
| 44 | ORLA | Orla Mining LTD | 股票-其他 | 0.46% | -0.46% | EXIT | |
| 45 | MTA | Metalla Royalty & Streaming | 股票-其他 | 0.45% | -0.04% | -59.62% | |
| 46 | FSM | Fortuna Mining CORP | 股票-其他 | 0.44% | +0.16% | -31.56% | |
| 47 | WPM | Wheaton Precious Metals CORP | 股票-原物料 | 0.44% | +1.07% | -81.69% | |
| 48 | VZLA | Vizsla Silver CORP | 股票-其他 | 0.41% | -0.08% | — | |
| 49 | OMAB | Grupo Aeroportuario Cen-adr | 股票-其他 | 0.40% | +0.06% | -18.08% | |
| 50 | SBSW | Sibanye-stillwater Ltd-adr | 股票-其他 | 0.40% | -0.18% | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | CDE | Coeur Mining Inc | +1.1% | +133.76% | 加碼 |
| 2 | IAG | Iamgold CORP | +1.1% | +68.97% | 加碼 |
| 3 | OR | Or Royalties Inc | +1.1% | +55.76% | 加碼 |
| 4 | GFI | Gold Fields Ltd-spons Adr | +1% | +110.91% | 加碼 |
| 5 | AGI | Alamos Gold Inc-class A | +0.9% | +474.35% | 加碼 |
| 6 | AEM | Agnico Eagle Mines LTD | +0.9% | +97.11% | 加碼 |
| 7 | ULCC | Frontier Group Holdings Inc | +0.7% | +63.88% | 加碼 |
| 8 | AU | AngloGold Ashanti plc | +0.7% | +44.94% | 加碼 |
| 9 | JBLU | Jetblue Airways CORP | +0.6% | +17.21% | 加碼 |
| 10 | SVM | Silvercorp Metals Inc | +0.6% | +147.07% | 加碼 |
| 11 | FNV | Franco-nevada CORP | +0.5% | -5.49% | 減碼 |
| 12 | AUGO | Aura Minerals Inc. | +0.4% | — | 不變 |
| 13 | KGC | Kinross Gold CORP | +0.4% | +95.36% | 加碼 |
| 14 | SKYW | Skywest Inc | +0.4% | +15.51% | 加碼 |
| 15 | RGLD | Royal Gold Inc | +0.3% | -6.55% | 減碼 |
| 16 | VOXR | Vox Royalty CORP | +0.2% | +6.40% | 加碼 |
| 17 | ALGT | Allegiant Travel Co | +0.2% | +5.11% | 加碼 |
| 18 | XOM | Exxon Mobil CORP | +0.2% | +29.63% | 加碼 |
| 19 | MMYT | MakeMyTrip Limited | +0.2% | +176.60% | 加碼 |
| 20 | LNG | Cheniere Energy Inc | +0.2% | +106.67% | 加碼 |
| 21 | ARIS | Aris Mining CORP | +0.2% | — | 不變 |
| 22 | WDS | Woodside Energy Group-adr | +0.1% | +87.50% | 加碼 |
| 23 | HMY | Harmony Gold Mng-spon Adr | +0.1% | +49.37% | 加碼 |
| 24 | TTE | TotalEnergies SE | +0.1% | +46.67% | 加碼 |
| 25 | SHEL | Shell Plc-adr | +0.1% | +63.64% | 加碼 |
| 26 | USAS | Americas Gold And Silver Cor | +0.1% | — | 不變 |
| 27 | ALK | Alaska Air Group Inc | +0.1% | +30.85% | 加碼 |
| 28 | DRD | Drdgold Ltd-sponsored Adr | +0.1% | +10.59% | 加碼 |
| 29 | NTR | Nutrien LTD | +0.1% | +20.00% | 加碼 |
| 30 | TRIP | Tripadvisor Inc | +0.1% | +32.29% | 加碼 |
| 31 | BWLP | BW LPG Limited | +0.1% | +191.56% | 加碼 |
| 32 | RACE | Ferrari N.V. | +0.1% | +36.29% | 加碼 |
| 33 | VLO | Valero Energy CORP | +0.1% | +200.00% | 加碼 |
| 34 | DAC | Danaos Corporation | +0.1% | +195.90% | 加碼 |
| 35 | GSL | Global Ship Lease, Inc. | +0.1% | +220.36% | 加碼 |
| 36 | ELE | Elemental Royalty CORP | +0.1% | — | 不變 |
| 37 | PAAS | Pan American Silver CORP | +0.1% | — | 不變 |
| 38 | DAL | Delta Air Lines Inc | 0% | -3.70% | 減碼 |
| 39 | EL | Estee Lauder Companies-cl A | 0% | +100.00% | 加碼 |
| 40 | ZTO | Zto Express Cayman Inc-adr | 0% | +48.96% | 加碼 |
| 41 | MUX | Mcewen Inc | 0% | — | 不變 |
| 42 | AR | Antero Resources CORP | 0% | +100.00% | 加碼 |
| 43 | LTH | Life Time Group Holdings Inc | 0% | +22.32% | 加碼 |
| 44 | TNK | Teekay Tankers Ltd. | 0% | +42.86% | 加碼 |
| 45 | TSLA | Tesla Inc | 0% | +21.58% | 加碼 |
| 46 | EXPD | Expeditors Intl Wash Inc | 0% | +66.56% | 加碼 |
| 47 | UPS | United Parcel Service-cl B | 0% | +58.82% | 加碼 |
| 48 | FDX | Fedex CORP | 0% | +25.00% | 加碼 |
| 49 | BG | Bunge Global SA | 0% | — | 不變 |
| 50 | CAT | Caterpillar Inc | 0% | — | 不變 |
根據 SEC 官方 Form 13F 申報備案，U S Global Investors Inc 在 Q1 2026 季度的美股持倉總市值約為 US$10.4億，共申報了 135 個公開持股部位。
在 Q1 2026 季度，U S Global Investors Inc 按市值排列的前三大核心持股分別為：DAL (9.1%)、UAL (8.4%)、AAL (8.1%)。其中最大持股部位 DAL 佔據整體投資組合約 9.1% 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
SCZM
市值: US$680.1萬
本季最大獲利了結 / 清倉標的
SNCY
前期市值: US$2318.6萬
在 Q1 2026 季度中，U S Global Investors Inc 共進行了 129 項持倉異動，包含新建倉 29 個部位、加碼 42 個部位、減碼 35 個部位以及清倉 23 個部位。 其中最大新建倉標的為 SCZM。 本季清倉部位包含 SNCY。
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。