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
137 檔
14.4%
根據最新整理的 13F 季度數據集，VELA Investment Management, LLC 於 Q3 2025 結束時的管理資產規模為 US$4.6億。該機構在本季度申報了 137 檔美股持倉，呈現出該時期的主要投資地圖。
觀察 Q3 2025 的申報異動，VELA Investment Management, LLC 採取了強勁的買進策略，建倉與加碼動作（合計 97 筆）涵蓋多個核心板塊，展現機構對特定產業前景之樂觀態度。
檢視投資組合結構，前 5 大主力部位（包含 SPY, GOOGL, KEX）占據了總市值的 14.4%，展現出該機構在 Q3 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 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 3.93% | — | +215.24% | |
| 2 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 3.44% | +0.30% | +6.19% | |
| 3 | KEX | Kirby CORP | 股票-工業 | 3.27% | -0.72% | +11.55% | |
| 4 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 2.89% | -0.03% | -18.81% | |
| 5 | HUBG | Hub Group Inc-cl A | 股票-其他 | 2.65% | -0.02% | +1.93% | |
| 6 | WIX | Wix.com Ltd. | 股票-科技 | 2.61% | -2.98% | EXIT | |
| 7 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.52% | +0.03% | +24.84% | |
| 8 | CRTO | Criteo Sa-spon Adr | 股票-其他 | 2.37% | -0.34% | +22.23% | |
| 9 | JNJ | Johnson & Johnson | 股票-醫療保健 | 2.17% | -0.27% | -0.70% | |
| 10 | LECO | Lincoln Electric Holdings | 股票-工業 | 2.02% | — | -12.01% | |
| 11 | GHC | Graham Holdings Co-class B | 股票-工業 | 1.99% | — | -0.87% | |
| 12 | VVV | Valvoline Inc | 股票-循環性消費 | 1.91% | +0.08% | +4.19% | |
| 13 | MSFT | Microsoft CORP | 股票-科技 | 1.80% | +0.46% | +12.95% | |
| 14 | CSX | Csx CORP | 股票-工業 | 1.75% | -0.02% | +16.35% | |
| 15 | SYY | Sysco CORP | 股票-非循環性消費 | 1.69% | -0.86% | EXIT | |
| 16 | AIT | Applied Industrial Tech Inc | 股票-工業 | 1.63% | -0.02% | +3.90% | |
| 17 | TER | Teradyne Inc | 股票-科技 | 1.60% | +0.07% | NEW | |
| 18 | DIS | Walt Disney Co/the | 股票-通訊服務 | 1.39% | +0.07% | -1.10% | |
| 19 | ACGL | Arch Capital Group Ltd. | 股票-金融 | 1.34% | -0.16% | +6.23% | |
| 20 | AGI | Alamos Gold Inc-class A | 股票-原物料 | 1.30% | -0.54% | +0.36% | |
| 21 | ACN | Accenture plc | 股票-科技 | 1.26% | -0.75% | +161.13% | |
| 22 | PEP | Pepsico Inc | 股票-非循環性消費 | 1.20% | -0.19% | +30.38% | |
| 23 | AXS | AXIS Capital Holdings Limited | 股票-金融 | 1.17% | +0.07% | +12.40% | |
| 24 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.15% | -0.07% | +12.22% | |
| 25 | WHD | Cactus Inc - A | 股票-其他 | 1.13% | +0.06% | +1.83% | |
| 26 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 1.10% | +0.11% | +65.51% | |
| 27 | PFGC | Performance Food Group Co | 股票-非循環性消費 | 1.10% | +0.17% | -21.74% | |
| 28 | NVDA | Nvidia CORP | 股票-科技 | 1.05% | — | — | |
| 29 | NOC | Northrop Grumman CORP | 股票-工業 | 1.05% | -0.04% | -5.68% | |
| 30 | C | Citigroup Inc | 股票-金融 | 1.03% | +0.04% | -2.35% | |
| 31 | CPA | Copa Holdings, S.A. | 股票-其他 | 1.02% | +0.30% | -1.30% | |
| 32 | AR | Antero Resources CORP | 股票-能源 | 1.00% | -0.01% | +71.26% | |
| 33 | MOV | Movado Group Inc | 股票-其他 | 0.92% | -0.07% | -0.71% | |
| 34 | ABT | Abbott Laboratories | 股票-醫療保健 | 0.91% | +0.59% | -1.91% | |
| 35 | GBX | Greenbrier Companies Inc | 股票-其他 | 0.91% | -0.12% | -1.15% | |
| 36 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.87% | -0.05% | -0.87% | |
| 37 | COKE | Coca-cola Consolidated Inc | 股票-非循環性消費 | 0.87% | -0.03% | -23.73% | |
| 38 | RRC | Range Resources CORP | 股票-能源 | 0.86% | -0.04% | +11.04% | |
| 39 | INDV | Indivior Pharmaceuticals, Inc. | 股票-其他 | 0.84% | — | +35.69% | |
| 40 | POOL | Pool CORP | 股票-工業 | 0.83% | -0.17% | +0.70% | |
| 41 | ZTS | Zoetis Inc | 股票-醫療保健 | 0.82% | -0.08% | +9.87% | |
| 42 | MAMA | Mama's Creations Inc | 股票-其他 | 0.79% | +0.04% | -8.83% | |
| 43 | BATRK | Atlanta Braves Holdings In-c | 股票-其他 | 0.79% | +0.14% | -1.61% | |
| 44 | FIS | Fidelity National Info Serv | 股票-科技 | 0.76% | -0.03% | +5.74% | |
| 45 | BAC | Bank Of America CORP | 股票-金融 | 0.73% | +0.24% | +0.12% | |
| 46 | EPAM | Epam Systems Inc | 股票-科技 | 0.72% | -0.25% | +123.25% | |
| 47 | AGO | Assured Guaranty Ltd. | 股票-金融 | 0.71% | -0.05% | -0.42% | |
| 48 | IBP | Installed Building Products | 股票-循環性消費 | 0.71% | -0.07% | -8.08% | |
| 49 | BKR | Baker Hughes Co | 股票-能源 | 0.69% | -0.11% | +22.72% | |
| 50 | MMM | 3m Co | 股票-工業 | 0.69% | +0.02% | +32.32% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | SPY | Ss Spdr S&p 500 ETF Trust-us | +1.7% | +215.24% | 加碼 |
| 2 | WIX | Wix.com Ltd. | +1.6% | +98.29% | 加碼 |
| 3 | TER | Teradyne Inc | +1.1% | +4.20% | 加碼 |
| 4 | GOOGL | Alphabet Inc-cl A | +0.9% | +6.19% | 加碼 |
| 5 | ACN | Accenture plc | +0.9% | +161.13% | 加碼 |
| 6 | TMO | Thermo Fisher Scientific Inc | +0.7% | +65.51% | 加碼 |
| 7 | VVV | Valvoline Inc | +0.7% | +4.19% | 加碼 |
| 8 | IBP | Installed Building Products | +0.5% | -8.08% | 加碼 |
| 9 | CSX | Csx CORP | +0.3% | +16.35% | 加碼 |
| 10 | INDV | Indivior Pharmaceuticals, Inc. | +0.3% | +35.69% | 減碼 |
| 11 | CRM | Salesforce Inc | +0.3% | +48.86% | 加碼 |
| 12 | AR | Antero Resources CORP | +0.3% | +71.26% | 加碼 |
| 13 | CRTO | Criteo Sa-spon Adr | +0.3% | +22.23% | 加碼 |
| 14 | MSFT | Microsoft CORP | +0.3% | +12.95% | 加碼 |
| 15 | NLOP | Net Lease Office Property | +0.2% | +59.98% | 加碼 |
| 16 | EPAM | Epam Systems Inc | +0.2% | +123.25% | 加碼 |
| 17 | WHD | Cactus Inc - A | +0.2% | +1.83% | 加碼 |
| 18 | KKR | Kkr & Co Inc | +0.2% | -5.74% | 加碼 |
| 19 | MOV | Movado Group Inc | +0.2% | -0.71% | 加碼 |
| 20 | ZTS | Zoetis Inc | +0.2% | +9.87% | 加碼 |
| 21 | V | Visa Inc-class A Shares | +0.2% | +95.01% | 加碼 |
| 22 | NKE | Nike Inc -cl B | +0.2% | -29.80% | 加碼 |
| 23 | JBI | Janus International Group In | +0.1% | -3.03% | 加碼 |
| 24 | C | Citigroup Inc | +0.1% | -2.35% | 加碼 |
| 25 | NOW | Servicenow Inc | +0.1% | -6.21% | 加碼 |
| 26 | JNJ | Johnson & Johnson | +0.1% | -0.70% | 加碼 |
| 27 | OSG | Octave Specialty Group Inc | +0.1% | +46.69% | 加碼 |
| 28 | BWXT | Bwx Technologies Inc | +0.1% | -19.51% | 減碼 |
| 29 | SNCY | Sun Country Airlines Holding | +0.1% | -0.77% | 加碼 |
| 30 | AIT | Applied Industrial Tech Inc | +0.1% | +3.90% | 加碼 |
| 31 | ABBV | Abbvie Inc | +0.1% | -0.87% | 加碼 |
| 32 | META | Meta Platforms Inc-class A | +0.1% | +12.22% | 加碼 |
| 33 | MPLX | Mplx LP | +0.1% | -1.40% | 加碼 |
| 34 | TBBB | BBB Foods Inc. | +0.1% | +18.08% | 加碼 |
| 35 | 07WA | Mr Cooper Group Inc | +0.1% | — | 不變 |
| 36 | LECO | Lincoln Electric Holdings | 0% | -12.01% | 加碼 |
| 37 | NFG | National Fuel Gas Co | 0% | +13.52% | 加碼 |
| 38 | MAS | Masco CORP | 0% | +23.26% | 加碼 |
| 39 | WOR | Worthington Enterprises Inc | 0% | +23.01% | 加碼 |
| 40 | MET | Metlife Inc | 0% | +16.26% | 加碼 |
| 41 | GRMN | Garmin Ltd. | 0% | -27.05% | 加碼 |
| 42 | CPA | Copa Holdings, S.A. | — | -1.30% | 加碼 |
| 43 | GPC | Genuine Parts Co | — | -7.96% | 加碼 |
| 44 | SPG | Simon Property Group Inc | — | -23.95% | 加碼 |
| 45 | BKR | Baker Hughes Co | 0% | +22.72% | 加碼 |
| 46 | TTEK | Tetra Tech Inc | 0% | -16.16% | 加碼 |
| 47 | TXN | Texas Instruments Inc | 0% | -16.07% | 加碼 |
| 48 | AMZN | Amazon.com Inc | 0% | +24.84% | 加碼 |
| 49 | RRC | Range Resources CORP | 0% | +11.04% | 加碼 |
| 50 | FDX | Fedex CORP | 0% | +12.48% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，VELA Investment Management, LLC 在 Q3 2025 季度的美股持倉總市值約為 US$4.6億，共申報了 137 個公開持股部位。
在 Q3 2025 季度，VELA Investment Management, LLC 按市值排列的前三大核心持股分別為：SPY (3.9%)、GOOGL (3.4%)、KEX (3.3%)。其中最大持股部位 SPY 佔據整體投資組合約 3.9% 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
NVDA
市值: US$430.6萬
本季最大獲利了結 / 清倉標的
CIVI
前期市值: US$344.1萬
在 Q3 2025 季度中，VELA Investment Management, LLC 共進行了 156 項持倉異動，包含新建倉 29 個部位、加碼 68 個部位、減碼 36 個部位以及清倉 23 個部位。 其中最大新建倉標的為 NVDA。 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。