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: 0001895612
申報總市值
US$4.6億
US$4.6億
133 檔
12.8%
VELA Investment Management, LLC 在 Q2 2025 季度的美股部位總計估值為 US$4.6億，分散於 133 個持倉標的之中，反映其市場參與廣度與投資規模。
VELA Investment Management, LLC 於 Q2 2025 展現出進攻型調倉步調，本季推動了 14 檔股票的新建倉與 71 檔既有部位加碼，整體資金傾向擴大在美股市場的曝險佈局。
從部位權重觀察，前 5 大標的（包含 KEX, BRK-B, HUBG）累計市值佔比達 12.8%，是驅動 VELA Investment Management, LLC 該季度整體投資組合績效表現的核心支柱。
| # | 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 | KEX | Kirby CORP | 股票-工業 | 4.42% | -0.72% | +10.45% | |
| 2 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 3.82% | -0.03% | +48.97% | |
| 3 | HUBG | Hub Group Inc-cl A | 股票-其他 | 2.80% | -0.02% | +23.82% | |
| 4 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 2.61% | +0.30% | +2.70% | |
| 5 | CRTO | Criteo Sa-spon Adr | 股票-其他 | 2.29% | -0.34% | +86.46% | |
| 6 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.25% | +0.03% | -11.48% | |
| 7 | LECO | Lincoln Electric Holdings | 股票-工業 | 2.24% | — | +19.50% | |
| 8 | VVV | Valvoline Inc | 股票-循環性消費 | 2.15% | +0.08% | +81.10% | |
| 9 | JNJ | Johnson & Johnson | 股票-醫療保健 | 2.00% | -0.27% | +22.53% | |
| 10 | SYY | Sysco CORP | 股票-非循環性消費 | 1.79% | -0.86% | EXIT | |
| 11 | GHC | Graham Holdings Co-class B | 股票-工業 | 1.79% | — | -16.37% | |
| 12 | MSFT | Microsoft CORP | 股票-科技 | 1.70% | +0.46% | -2.54% | |
| 13 | DIS | Walt Disney Co/the | 股票-通訊服務 | 1.69% | +0.07% | +7.15% | |
| 14 | AIT | Applied Industrial Tech Inc | 股票-工業 | 1.55% | -0.02% | +12.82% | |
| 15 | CSX | Csx CORP | 股票-工業 | 1.54% | -0.02% | +12.68% | |
| 16 | ACGL | Arch Capital Group Ltd. | 股票-金融 | 1.40% | -0.16% | +5.04% | |
| 17 | BRKR | Bruker CORP | 股票-醫療保健 | 1.38% | +0.16% | +80.00% | |
| 18 | WHD | Cactus Inc - A | 股票-其他 | 1.37% | +0.06% | +79.58% | |
| 19 | PFGC | Performance Food Group Co | 股票-非循環性消費 | 1.31% | +0.17% | +18.68% | |
| 20 | WIX | Wix.com Ltd. | 股票-科技 | 1.31% | -2.98% | EXIT | |
| 21 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 1.28% | — | -39.40% | |
| 22 | AXS | AXIS Capital Holdings Limited | 股票-金融 | 1.25% | +0.07% | +6.30% | |
| 23 | COKE | Coca-cola Consolidated Inc | 股票-非循環性消費 | 1.20% | -0.03% | +905.95% | |
| 24 | ALGN | Align Technology Inc | 股票-醫療保健 | 1.15% | -0.13% | +86.17% | |
| 25 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.14% | -0.07% | -5.16% | |
| 26 | TER | Teradyne Inc | 股票-科技 | 1.11% | +0.07% | NEW | |
| 27 | NKE | Nike Inc -cl B | 股票-循環性消費 | 1.11% | -0.48% | EXIT | |
| 28 | AGI | Alamos Gold Inc-class A | 股票-原物料 | 1.10% | -0.54% | -9.22% | |
| 29 | CPA | Copa Holdings, S.A. | 股票-其他 | 1.07% | +0.30% | +1.99% | |
| 30 | ABT | Abbott Laboratories | 股票-醫療保健 | 1.05% | +0.59% | -13.26% | |
| 31 | GBX | Greenbrier Companies Inc | 股票-其他 | 1.02% | -0.12% | +21.71% | |
| 32 | NOC | Northrop Grumman CORP | 股票-工業 | 1.01% | -0.04% | -5.43% | |
| 33 | BATRK | Atlanta Braves Holdings In-c | 股票-其他 | 1.00% | +0.14% | +3.95% | |
| 34 | FIS | Fidelity National Info Serv | 股票-科技 | 0.98% | -0.03% | -0.44% | |
| 35 | C | Citigroup Inc | 股票-金融 | 0.98% | +0.04% | +4.77% | |
| 36 | PEP | Pepsico Inc | 股票-非循環性消費 | 0.96% | -0.19% | -10.72% | |
| 37 | TTEK | Tetra Tech Inc | 股票-工業 | 0.94% | — | +32.49% | |
| 38 | RRC | Range Resources CORP | 股票-能源 | 0.93% | -0.04% | +19.21% | |
| 39 | NOW | Servicenow Inc | 股票-科技 | 0.90% | -0.10% | +45.07% | |
| 40 | ZTS | Zoetis Inc | 股票-醫療保健 | 0.88% | -0.08% | +63.00% | |
| 41 | T | At&t Inc | 股票-通訊服務 | 0.87% | — | +0.00% | |
| 42 | POOL | Pool CORP | 股票-工業 | 0.86% | -0.17% | — | |
| 43 | MOV | Movado Group Inc | 股票-其他 | 0.83% | -0.07% | +39.31% | |
| 44 | AGO | Assured Guaranty Ltd. | 股票-金融 | 0.81% | -0.05% | — | |
| 45 | EHC | Encompass Health CORP | 股票-醫療保健 | 0.81% | +0.36% | -14.88% | |
| 46 | AGM | Federal Agric Mtg Corp-cl C | 股票-其他 | 0.81% | +0.18% | +18.24% | |
| 47 | WNC | Wabash National CORP | 股票-其他 | 0.80% | — | +115.66% | |
| 48 | MO | Altria Group Inc | 股票-非循環性消費 | 0.80% | — | — | |
| 49 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 0.80% | +0.27% | — | |
| 50 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.78% | -0.05% | +29.17% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | VVV | Valvoline Inc | +0.9% | +81.10% | 加碼 |
| 2 | POOL | Pool CORP | +0.9% | NEW | 新建倉 |
| 3 | BRK-B | Berkshire Hathaway Inc-cl B | +0.6% | +48.97% | 加碼 |
| 4 | TER | Teradyne Inc | +0.6% | +119.68% | 加碼 |
| 5 | NKE | Nike Inc -cl B | +0.6% | +113.18% | 加碼 |
| 6 | ALGN | Align Technology Inc | +0.6% | +86.17% | 加碼 |
| 7 | BRKR | Bruker CORP | +0.5% | +80.00% | 加碼 |
| 8 | WHD | Cactus Inc - A | +0.5% | +79.58% | 加碼 |
| 9 | FOUR | Shift4 Payments Inc-class A | +0.5% | NEW | 新建倉 |
| 10 | IBP | Installed Building Products | +0.4% | +288.60% | 加碼 |
| 11 | ARKK | Ark Innovation ETF | +0.4% | NEW | 新建倉 |
| 12 | NEU | Newmarket CORP | +0.4% | NEW | 新建倉 |
| 13 | NOW | Servicenow Inc | +0.4% | +45.07% | 加碼 |
| 14 | WNC | Wabash National CORP | +0.4% | +115.66% | 加碼 |
| 15 | WIX | Wix.com Ltd. | +0.3% | +61.25% | 加碼 |
| 16 | KEX | Kirby CORP | +0.3% | +10.45% | 加碼 |
| 17 | DOO | Brp Inc/ca- Sub Voting | +0.3% | NEW | 新建倉 |
| 18 | TTEK | Tetra Tech Inc | +0.3% | +32.49% | 加碼 |
| 19 | LECO | Lincoln Electric Holdings | +0.3% | +19.50% | 加碼 |
| 20 | DECK | Deckers Outdoor CORP | +0.3% | NEW | 新建倉 |
| 21 | TMO | Thermo Fisher Scientific Inc | +0.3% | +138.32% | 加碼 |
| 22 | IMKTA | Ingles Markets Inc-class A | +0.3% | NEW | 新建倉 |
| 23 | MUSA | Murphy USA Inc | +0.3% | NEW | 新建倉 |
| 24 | DIS | Walt Disney Co/the | +0.2% | +7.15% | 加碼 |
| 25 | ACN | Accenture plc | +0.2% | +92.55% | 加碼 |
| 26 | KKR | Kkr & Co Inc | +0.2% | +316.13% | 加碼 |
| 27 | ZTS | Zoetis Inc | +0.2% | +63.00% | 加碼 |
| 28 | ARCO | Arcos Dorados Holdings Inc. | +0.2% | NEW | 新建倉 |
| 29 | CRM | Salesforce Inc | +0.2% | +70.33% | 加碼 |
| 30 | CRTO | Criteo Sa-spon Adr | +0.2% | +86.46% | 加碼 |
| 31 | MSFT | Microsoft CORP | +0.2% | -2.54% | 減碼 |
| 32 | MPLX | Mplx LP | +0.2% | +54.44% | 加碼 |
| 33 | SNCY | Sun Country Airlines Holding | +0.2% | +63.93% | 加碼 |
| 34 | PFGC | Performance Food Group Co | +0.2% | +18.68% | 加碼 |
| 35 | BWXT | Bwx Technologies Inc | +0.2% | +3.64% | 加碼 |
| 36 | LYB | LyondellBasell Industries N.V. | +0.1% | +88.25% | 加碼 |
| 37 | PPG | Ppg Industries Inc | +0.1% | NEW | 新建倉 |
| 38 | NLOP | Net Lease Office Property | +0.1% | +59.31% | 加碼 |
| 39 | CSX | Csx CORP | +0.1% | +12.68% | 加碼 |
| 40 | SIBN | Si-bone Inc | +0.1% | +2.86% | 加碼 |
| 41 | JBI | Janus International Group In | +0.1% | +22.69% | 加碼 |
| 42 | BXP | Bxp Inc | +0.1% | NEW | 新建倉 |
| 43 | C | Citigroup Inc | +0.1% | +4.77% | 加碼 |
| 44 | MOV | Movado Group Inc | +0.1% | +39.31% | 加碼 |
| 45 | UNH | Unitedhealth Group Inc | +0.1% | NEW | 新建倉 |
| 46 | AMD | Advanced Micro Devices | +0.1% | NEW | 新建倉 |
| 47 | BKNG | Booking Holdings Inc | +0.1% | — | 不變 |
| 48 | AR | Antero Resources CORP | +0.1% | +26.65% | 加碼 |
| 49 | WCC | Wesco International Inc | +0.1% | NEW | 新建倉 |
| 50 | META | Meta Platforms Inc-class A | +0.1% | -5.16% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，VELA Investment Management, LLC 在 Q2 2025 季度的美股持倉總市值約為 US$4.6億，共申報了 133 個公開持股部位。
在 Q2 2025 季度，VELA Investment Management, LLC 按市值排列的前三大核心持股分別為：KEX (4.4%)、BRK-B (3.8%)、HUBG (2.8%)。其中最大持股部位 KEX 佔據整體投資組合約 4.4% 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
POOL
市值: US$317.5萬
本季最大獲利了結 / 清倉標的
CIVI
前期市值: US$344.1萬
在 Q2 2025 季度中，VELA Investment Management, LLC 共進行了 134 項持倉異動，包含新建倉 14 個部位、加碼 71 個部位、減碼 37 個部位以及清倉 12 個部位。 其中最大新建倉標的為 POOL。 本季清倉部位包含 CIVI。
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。