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: 0001565854
申報總市值
US$43.4億
US$43.4億
139 檔
33.1%
Zimmer Partners, LP 在 Q3 2025 季度的美股部位總計估值為 US$43.4億，分散於 139 個持倉標的之中，反映其市場參與廣度與投資規模。
從 Q3 2025 申報觀察，Zimmer Partners, LP 採取防禦導向的調倉策略，本季減碼 42 檔個股並出清 75 檔部位，顯示機構在該時期進行風險控制與流動性回收。
在資產配置集中度方面，Zimmer Partners, LP 的前 5 大核心持股（包含 PCG, ES, NI 等）合計佔整體申報市值的 33.1%，反映機構在主要關鍵部位上的權重分佈。
| # | 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 | PCG | P G & E CORP | 股票-公用事業 | 8.99% | +2.16% | +16.62% | |
| 2 | ES | Eversource Energy | 股票-公用事業 | 6.53% | -1.52% | -4.91% | |
| 3 | NI | Nisource Inc | 股票-公用事業 | 6.44% | -1.11% | +2404.36% | |
| 4 | TRGP | Targa Resources CORP | 股票-能源 | 4.80% | -0.77% | +6.47% | |
| 5 | XEL | Xcel Energy Inc | 股票-公用事業 | 4.27% | -0.74% | -34.10% | |
| 6 | WELL | Welltower Inc | 股票-房地產 | 4.26% | +0.54% | -11.34% | |
| 7 | TXNM | Txnm Energy Inc | 股票-公用事業 | 4.14% | -2.16% | EXIT | |
| 8 | KMI | Kinder Morgan, Inc. | 股票-能源 | 3.71% | -1.37% | +177.80% | |
| 9 | TXNM 5.75 06-01-54債券 | Txnm Energy Inc | 債券 | 2.68% | -3.06% | EXIT | |
| 10 | KGS | Kodiak Gas Services Inc | 股票-其他 | 2.34% | +1.03% | -34.40% | |
| 11 | CNP | Centerpoint Energy Inc | 股票-公用事業 | 2.28% | -0.46% | EXIT | |
| 12 | AEP | American Electric Power | 股票-公用事業 | 2.18% | — | -66.51% | |
| 13 | AEE | Ameren Corporation | 股票-公用事業 | 1.69% | — | -0.79% | |
| 14 | SRE | Sempra | 股票-公用事業 | 1.66% | +0.32% | -50.13% | |
| 15 | IDA | Idacorp Inc | 股票-公用事業 | 1.53% | -0.62% | — | |
| 16 | ADT | Adt Inc | 股票-工業 | 1.52% | — | +164.75% | |
| 17 | VNOM | Viper Energy Inc-cl A | 股票-能源 | 1.52% | -0.58% | — | |
| 18 | DUK | Duke Energy CORP | 股票-公用事業 | 1.49% | -1.16% | -24.63% | |
| 19 | BKH | Black Hills CORP | 股票-公用事業 | 1.46% | -1.12% | +2100.04% | |
| 20 | KD | Kyndryl Holdings Inc | 股票-科技 | 1.44% | — | +7.39% | |
| 21 | SWX | Southwest Gas Holdings Inc | 股票-公用事業 | 1.31% | -1.05% | -14.64% | |
| 22 | ETN | Eaton Corporation plc | 股票-工業 | 1.25% | +0.34% | NEW | |
| 23 | NEE | Nextera Energy Inc | 股票-公用事業 | 1.20% | +0.22% | NEW | |
| 24 | CTRE | Caretrust Reit Inc | 股票-房地產 | 1.19% | +0.06% | +140.83% | |
| 25 | PRMB | Primo Brands CORP | 股票-非循環性消費 | 1.16% | -0.01% | +3.81% | |
| 26 | CMS | Cms Energy CORP | 股票-公用事業 | 1.10% | — | +129.83% | |
| 27 | TDG | Transdigm Group Inc | 股票-工業 | 1.08% | -0.52% | +103.21% | |
| 28 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.00% | — | +20.62% | |
| 29 | SFD | Smithfield Foods Inc | 股票-其他 | 0.93% | — | +73.21% | |
| 30 | HESM | Hess Midstream LP - Class A | 股票-其他 | 0.83% | +0.58% | +22.67% | |
| 31 | LTM | Latam Airlines Group Sa-adr | 股票-其他 | 0.81% | — | — | |
| 32 | CWST | Casella Waste Systems Inc-a | 股票-工業 | 0.76% | -0.49% | EXIT | |
| 33 | CNM | Core & Main Inc-class A | 股票-工業 | 0.75% | +0.64% | — | |
| 34 | QXO | Qxo Inc | 股票-工業 | 0.75% | -0.53% | +313.71% | |
| 35 | AZO | Autozone Inc | 股票-循環性消費 | 0.69% | +0.70% | -25.00% | |
| 36 | SMA | Smartstop Self Storage Reit | 股票-其他 | 0.69% | -0.11% | +1.68% | |
| 37 | RIG | Transocean Ltd. | 股票-能源 | 0.65% | — | — | |
| 38 | CPAY | Corpay Inc | 股票-科技 | 0.63% | — | +54.92% | |
| 39 | WEC | Wec Energy Group Inc | 股票-公用事業 | 0.62% | -2.33% | EXIT | |
| 40 | SARO | Standardaero Inc | 股票-其他 | 0.59% | +0.11% | +129.89% | |
| 41 | PH | Parker Hannifin CORP | 股票-工業 | 0.57% | +0.85% | -23.88% | |
| 42 | JRVR | James River Group Holdings, Inc. | 股票-其他 | 0.55% | — | +53.78% | |
| 43 | SNCY | Sun Country Airlines Holding | 股票-其他 | 0.53% | — | -5.84% | |
| 44 | YORW | York Water Co | 股票-其他 | 0.50% | +0.46% | — | |
| 45 | KVUE | Kenvue Inc | 股票-非循環性消費 | 0.48% | — | — | |
| 46 | WM | Waste Management Inc | 股票-工業 | 0.48% | +0.51% | -16.67% | |
| 47 | EVRG | Evergy Inc | 股票-公用事業 | 0.47% | — | -69.30% | |
| 48 | APD | Air Products & Chemicals Inc | 股票-原物料 | 0.44% | — | +13.64% | |
| 49 | RYAN | Ryan Specialty Holdings Inc | 股票-金融 | 0.44% | -0.08% | -71.39% | |
| 50 | SOLV | Solventum CORP | 股票-醫療保健 | 0.43% | — | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | ES | Eversource Energy | +6.4% | -4.91% | 加碼 |
| 2 | NI | Nisource Inc | +6.3% | +2404.36% | 加碼 |
| 3 | PCG | P G & E CORP | +2.7% | +16.62% | 減碼 |
| 4 | CNP | Centerpoint Energy Inc | +1.9% | -34.82% | 加碼 |
| 5 | KMI | Kinder Morgan, Inc. | +1.8% | +177.80% | 加碼 |
| 6 | TDG | Transdigm Group Inc | +0.7% | +103.21% | 加碼 |
| 7 | ADT | Adt Inc | +0.5% | +164.75% | 加碼 |
| 8 | CWST | Casella Waste Systems Inc-a | +0.5% | +149.16% | 加碼 |
| 9 | SARO | Standardaero Inc | +0.5% | +129.89% | 加碼 |
| 10 | AZO | Autozone Inc | +0.4% | -25.00% | 加碼 |
| 11 | JRVR | James River Group Holdings, Inc. | +0.4% | +53.78% | 加碼 |
| 12 | ETN | Eaton Corporation plc | +0.4% | -3.64% | 減碼 |
| 13 | WEC | Wec Energy Group Inc | +0.4% | — | 加碼 |
| 14 | HESM | Hess Midstream LP - Class A | +0.2% | +22.67% | 加碼 |
| 15 | CTRE | Caretrust Reit Inc | +0.2% | +140.83% | 減碼 |
| 16 | PNW | Pinnacle West Capital | +0.2% | -70.27% | 加碼 |
| 17 | WM | Waste Management Inc | +0.2% | -16.67% | 加碼 |
| 18 | APD | Air Products & Chemicals Inc | +0.2% | +13.64% | 加碼 |
| 19 | GE | General Electric | +0.1% | -31.25% | 減碼 |
| 20 | IRON | Disc Medicine Inc | +0.1% | — | 加碼 |
| 21 | SNDX | Syndax Pharmaceuticals Inc | +0.1% | -36.76% | 加碼 |
| 22 | MSFT | Microsoft CORP | +0.1% | — | 不變 |
| 23 | PWR | Quanta Services Inc | +0.1% | -33.88% | 減碼 |
| 24 | ELDN | Eledon Pharmaceuticals Inc | +0.1% | +86.09% | 加碼 |
| 25 | PH | Parker Hannifin CORP | +0.1% | -23.88% | 減碼 |
| 26 | HTO | H2o America | 0% | -72.97% | 加碼 |
| 27 | MSEX | Middlesex Water Co | 0% | +26.63% | 加碼 |
| 28 | EQIX | Equinix Inc | 0% | +82.18% | 加碼 |
| 29 | FVR | Frontview Reit Inc | 0% | — | 減碼 |
| 30 | BBIO | Bridgebio Pharma Inc | 0% | +2.39% | 減碼 |
| 31 | YORW | York Water Co | — | — | 不變 |
| 32 | ✓ | 0% | — | 減碼 | |
| 33 | NJR | New Jersey Resources CORP | 0% | -10.54% | 減碼 |
| 34 | CUBE | Cubesmart | 0% | +2054.12% | 減碼 |
| 35 | BOW | Bowhead Specialty Holdings I | 0% | — | 不變 |
| 36 | DLR | Digital Realty Trust Inc | 0% | -84.99% | 減碼 |
| 37 | KRG | Kite Realty Group Trust | 0% | -9.30% | 減碼 |
| 38 | VRT | Vertiv Holdings Co-a | 0% | -23.08% | 減碼 |
| 39 | ASND | Ascendis Pharma A/S | 0% | -61.54% | 減碼 |
| 40 | BKH | Black Hills CORP | -0.1% | +2100.04% | 減碼 |
| 41 | SWX | Southwest Gas Holdings Inc | -0.1% | -14.64% | 減碼 |
| 42 | EOLS | Evolus Inc | -0.1% | -47.62% | 減碼 |
| 43 | CPAY | Corpay Inc | -0.1% | +54.92% | 減碼 |
| 44 | NVT | nVent Electric plc | -0.1% | -63.64% | 減碼 |
| 45 | KD | Kyndryl Holdings Inc | -0.1% | +7.39% | 減碼 |
| 46 | SFD | Smithfield Foods Inc | -0.1% | +73.21% | 減碼 |
| 47 | SNCY | Sun Country Airlines Holding | -0.1% | -5.84% | 減碼 |
| 48 | PEG | Public Service Enterprise Gp | -0.2% | — | 減碼 |
| 49 | FCPT | Four Corners Property Trust | -0.2% | -66.96% | 減碼 |
| 50 | TTAM | Titan America SA | -0.2% | -48.30% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Zimmer Partners, LP 在 Q3 2025 季度的美股持倉總市值約為 US$43.4億，共申報了 139 個公開持股部位。
在 Q3 2025 季度，Zimmer Partners, LP 按市值排列的前三大核心持股分別為：PCG (9.0%)、ES (6.5%)、NI (6.4%)。其中最大持股部位 PCG 佔據整體投資組合約 9.0% 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
TXNM
市值: US$1.9億
本季最大獲利了結 / 清倉標的
FE
前期市值: US$1.5億
在 Q3 2025 季度中，Zimmer Partners, LP 共進行了 197 項持倉異動，包含新建倉 59 個部位、加碼 21 個部位、減碼 42 個部位以及清倉 75 個部位。 其中最大新建倉標的為 TXNM。 本季清倉部位包含 FE。
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。