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: 0001730145
申報總市值
US$21.5億
US$21.5億
51 檔
35.2%
截至 Q4 2025 季度末，Voss Capital, LP 的美股持倉估值約為 US$21.5億，全數申報部位共有 51 檔。
Voss Capital, LP 在 Q4 2025 進行了結構性的板塊輪動與部位換股。在開立 15 個全新部位及加碼 19 檔持股的同時，亦同步清倉 19 檔並減碼 15 檔標的。
檢視投資組合結構，前 5 大主力部位（包含 FLYW, TSLA, PAR）占據了總市值的 35.2%，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 | FLYW | Flywire Corp-voting | 股票-其他 | 7.98% | +2.73% | +21.51% | |
| 2 | TSLA | Tesla Inc | 股票-循環性消費 | 7.61% | -4.39% | EXIT | |
| 3 | PAR | Par Technology Corp/del | 股票-其他 | 7.57% | +1.17% | +45.74% | |
| 4 | CLBT | Cellebrite DI Ltd. | 股票-其他 | 6.96% | +0.67% | +18.78% | |
| 5 | GFF | Griffon CORP | 股票-工業 | 6.22% | -0.17% | +14.66% | |
| 6 | GENI | Genius Sports Limited | 股票-其他 | 5.87% | -1.14% | +35.37% | |
| 7 | FIVN | Five9 Inc | 股票-科技 | 5.81% | +0.09% | +32.86% | |
| 8 | POWL | Powell Industries Inc | 股票-工業 | 5.35% | -3.63% | +18.64% | |
| 9 | EEFT | Euronet Worldwide Inc | 股票-科技 | 5.26% | -3.26% | +7.48% | |
| 10 | PHIN | Phinia Inc | 股票-循環性消費 | 5.20% | -2.41% | +2.83% | |
| 11 | SN | SharkNinja, Inc. | 股票-循環性消費 | 5.15% | +0.54% | +75.15% | |
| 12 | SHC | Sotera Health Co | 股票-其他 | 3.35% | +1.09% | +113.97% | |
| 13 | PRKS | United Parks & Resorts Inc | 股票-其他 | 2.86% | +0.73% | -20.00% | |
| 14 | KNF | Knife River CORP | 股票-原物料 | 2.40% | — | +61.37% | |
| 15 | XPOF | Xponential Fitness Inc-a | 股票-其他 | 2.38% | +0.12% | +86.66% | |
| 16 | EQT | Eqt CORP | 股票-能源 | 2.38% | — | — | |
| 17 | AVTR | Avantor Inc | 股票-醫療保健 | 2.26% | -0.63% | -9.33% | |
| 18 | TTAM | Titan America SA | 股票-其他 | 2.06% | +0.18% | +51.60% | |
| 19 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.09% | +0.45% | +190.00% | |
| 20 | CSR | Centerspace | 股票-其他 | 1.06% | +0.81% | — | |
| 21 | AIOT | Powerfleet Inc | 股票-其他 | 1.01% | — | -31.90% | |
| 22 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.00% | -1.05% | EXIT | |
| 23 | DHI | Dr Horton Inc | 股票-循環性消費 | 0.79% | — | — | |
| 24 | LEGH | Legacy Housing CORP | 股票-其他 | 0.72% | +0.08% | -28.32% | |
| 25 | ALTG | Alta Equipment Group Inc | 股票-其他 | 0.62% | -0.34% | -2.16% | |
| 26 | LGIH | Lgi Homes Inc | 股票-其他 | 0.62% | -0.67% | — | |
| 27 | OC | Owens Corning | 股票-工業 | 0.62% | — | — | |
| 28 | INVH | Invitation Homes Inc | 股票-房地產 | 0.60% | -0.09% | EXIT | |
| 29 | CRH | CRH plc | 股票-原物料 | 0.51% | — | -61.86% | |
| 30 | SWIM | Latham Group Inc | 股票-其他 | 0.50% | -0.11% | EXIT | |
| 31 | CCS | Century Communities Inc | 股票-其他 | 0.46% | -0.51% | -56.16% | |
| 32 | LRN | Stride Inc | 股票-非循環性消費 | 0.43% | -0.43% | — | |
| 33 | ACTU | Actuate Therapeutics Inc | 股票-其他 | 0.38% | -0.13% | +45.04% | |
| 34 | CELH | Celsius Holdings Inc | 股票-非循環性消費 | 0.36% | -1.03% | — | |
| 35 | ✓ | Mister Car Wash, Inc | 股票-其他 | 0.35% | — | — | |
| 36 | UNF | Unifirst Corp/ma | 股票-其他 | 0.27% | — | — | |
| 37 | QURE | uniQure N.V. | 股票-其他 | 0.24% | +0.39% | +68.00% | |
| 38 | RNTX | Rein Therapeutics Inc | 股票-其他 | 0.24% | -0.05% | +59.16% | |
| 39 | PEB | Pebblebrook Hotel Trust | 股票-其他 | 0.23% | -0.53% | — | |
| 40 | RGNX | Regenxbio Inc | 股票-其他 | 0.20% | -0.13% | EXIT | |
| 41 | ARE | Alexandria Real Estate Equit | 股票-房地產 | 0.18% | -0.31% | EXIT | |
| 42 | HSY | Hershey Co/the | 股票-非循環性消費 | 0.17% | — | +100.00% | |
| 43 | OKLO | Oklo Inc | 股票-公用事業 | 0.17% | — | — | |
| 44 | ALX | Alexander's Inc | 股票-其他 | 0.16% | — | -40.69% | |
| 45 | XERS | Xeris Biopharma Holdings Inc | 股票-其他 | 0.15% | -0.43% | EXIT | |
| 46 | SNDX | Syndax Pharmaceuticals Inc | 股票-其他 | 0.13% | — | — | |
| 47 | IRD | Opus Genetics Inc | 股票-其他 | 0.04% | — | -21.42% | |
| 48 | CGTX | Cognition Therapeutics Inc | 股票-其他 | 0.02% | — | -6.89% | |
| 49 | KURA | Kura Oncology Inc | 股票-其他 | 0.01% | — | -90.27% | |
| 50 | RMNI | Rimini Street Inc | 股票-其他 | 0.01% | — | -72.00% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | SN | SharkNinja, Inc. | +2.4% | +75.15% | 加碼 |
| 2 | SHC | Sotera Health Co | +1.9% | +113.97% | 加碼 |
| 3 | PAR | Par Technology Corp/del | +1.8% | +45.74% | 加碼 |
| 4 | FLYW | Flywire Corp-voting | +1.5% | +21.51% | 加碼 |
| 5 | XPOF | Xponential Fitness Inc-a | +1.1% | +86.66% | 加碼 |
| 6 | POWL | Powell Industries Inc | +0.9% | +18.64% | 加碼 |
| 7 | GENI | Genius Sports Limited | +0.9% | +35.37% | 加碼 |
| 8 | TTAM | Titan America SA | +0.8% | +51.60% | 加碼 |
| 9 | GOOGL | Alphabet Inc-cl A | +0.8% | +190.00% | 加碼 |
| 10 | CLBT | Cellebrite DI Ltd. | +0.8% | +18.78% | 加碼 |
| 11 | KNF | Knife River CORP | +0.7% | +61.37% | 加碼 |
| 12 | GFF | Griffon CORP | +0.5% | +14.66% | 加碼 |
| 13 | PHIN | Phinia Inc | +0.4% | +2.83% | 加碼 |
| 14 | FIVN | Five9 Inc | +0.4% | +32.86% | 加碼 |
| 15 | RNTX | Rein Therapeutics Inc | +0.1% | +59.16% | 加碼 |
| 16 | ACTU | Actuate Therapeutics Inc | +0.1% | +45.04% | 加碼 |
| 17 | HSY | Hershey Co/the | +0.1% | +100.00% | 加碼 |
| 18 | LTRN | Lantern Pharma Inc | — | — | 不變 |
| 19 | CGTX | Cognition Therapeutics Inc | — | -6.89% | 減碼 |
| 20 | IRD | Opus Genetics Inc | 0% | -21.42% | 減碼 |
| 21 | RGNX | Regenxbio Inc | 0% | -41.00% | 減碼 |
| 22 | RMNI | Rimini Street Inc | -0.1% | -72.00% | 減碼 |
| 23 | KURA | Kura Oncology Inc | -0.1% | -90.27% | 減碼 |
| 24 | QURE | uniQure N.V. | -0.1% | +68.00% | 加碼 |
| 25 | ALX | Alexander's Inc | -0.1% | -40.69% | 減碼 |
| 26 | LGIH | Lgi Homes Inc | -0.1% | — | 不變 |
| 27 | ALTG | Alta Equipment Group Inc | -0.4% | -2.16% | 減碼 |
| 28 | AIOT | Powerfleet Inc | -0.5% | -31.90% | 減碼 |
| 29 | AVTR | Avantor Inc | -0.5% | -9.33% | 減碼 |
| 30 | EEFT | Euronet Worldwide Inc | -0.5% | +7.48% | 加碼 |
| 31 | CCS | Century Communities Inc | -0.7% | -56.16% | 減碼 |
| 32 | LEGH | Legacy Housing CORP | -0.7% | -28.32% | 減碼 |
| 33 | CRH | CRH plc | -0.8% | -61.86% | 減碼 |
| 34 | SWIM | Latham Group Inc | -1.1% | -62.64% | 減碼 |
| 35 | PRKS | United Parks & Resorts Inc | -2.4% | -20.00% | 減碼 |
| 36 | TSLA | Tesla Inc | -3.4% | -29.92% | 減碼 |
| 37 | CROX | Crocs Inc | — | EXIT | 清倉 |
| 38 | EQT | Eqt CORP | — | NEW | 新建倉 |
| 39 | QQQ | Invesco Qqq Trust Series 1 | — | EXIT | 清倉 |
| 40 | CNH | CNH Industrial N.V. | — | EXIT | 清倉 |
| 41 | RTO | Rentokil Initial Plc-sp Adr | — | EXIT | 清倉 |
| 42 | CSR | Centerspace | — | NEW | 新建倉 |
| 43 | ABG | Asbury Automotive Group | — | EXIT | 清倉 |
| 44 | AMZN | Amazon.com Inc | — | NEW | 新建倉 |
| 45 | SPY | Ss Spdr S&p 500 ETF Trust-us | — | EXIT | 清倉 |
| 46 | DHI | Dr Horton Inc | — | NEW | 新建倉 |
| 47 | IMXI | International Money Express | — | EXIT | 清倉 |
| 48 | AMTM | Amentum Holdings Inc | — | EXIT | 清倉 |
| 49 | OC | Owens Corning | — | NEW | 新建倉 |
| 50 | INVH | Invitation Homes Inc | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Voss Capital, LP 在 Q4 2025 季度的美股持倉總市值約為 US$21.5億，共申報了 51 個公開持股部位。
在 Q4 2025 季度，Voss Capital, LP 按市值排列的前三大核心持股分別為：FLYW (8.0%)、TSLA (7.6%)、PAR (7.6%)。其中最大持股部位 FLYW 佔據整體投資組合約 8.0% 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
EQT
市值: US$4957.1萬
本季最大獲利了結 / 清倉標的
CROX
前期市值: US$5556.1萬
在 Q4 2025 季度中，Voss Capital, LP 共進行了 68 項持倉異動，包含新建倉 15 個部位、加碼 19 個部位、減碼 15 個部位以及清倉 19 個部位。 其中最大新建倉標的為 EQT。 本季清倉部位包含 CROX。
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。