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
119 檔
22.8%
根據最新整理的 13F 季度數據集，Zimmer Partners, LP 於 Q4 2025 結束時的管理資產規模為 US$43.4億。該機構在本季度申報了 119 檔美股持倉，呈現出該時期的主要投資地圖。
在 Q4 2025，Zimmer Partners, LP 展現出較為審慎的避險與獲利了結姿態。本季共減碼 42 個部位並完全清倉 59 檔持股，調降曝險的部位數量高於加碼動作。
整體而言，Zimmer Partners, LP 的前 5 大持股（包含 ES, WELL, XEL）貢獻了組合市值的 22.8%，形成該機構在 Q4 2025 季度的基本面基石。
| # | 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 | ES | Eversource Energy | 股票-公用事業 | 6.82% | -1.52% | -9.60% | |
| 2 | WELL | Welltower Inc | 股票-房地產 | 5.46% | +0.54% | +0.95% | |
| 3 | XEL | Xcel Energy Inc | 股票-公用事業 | 5.33% | -0.74% | +11.76% | |
| 4 | NI | Nisource Inc | 股票-公用事業 | 4.26% | -1.11% | -43.81% | |
| 5 | KGS | Kodiak Gas Services Inc | 股票-其他 | 4.21% | +1.03% | +45.70% | |
| 6 | ETR | Entergy CORP | 股票-公用事業 | 4.05% | -1.33% | — | |
| 7 | TRGP | Targa Resources CORP | 股票-能源 | 3.80% | -0.77% | -41.07% | |
| 8 | TXNM 5.75 06-01-54債券 | Txnm Energy Inc | 債券 | 3.36% | -3.06% | EXIT | |
| 9 | SRE | Sempra | 股票-公用事業 | 3.28% | +0.32% | +64.68% | |
| 10 | PCG | P G & E CORP | 股票-公用事業 | 3.09% | +2.16% | -60.42% | |
| 11 | KMI | Kinder Morgan, Inc. | 股票-能源 | 2.91% | -1.37% | -33.84% | |
| 12 | TXNM | Txnm Energy Inc | 股票-公用事業 | 2.89% | -2.16% | EXIT | |
| 13 | IDA | Idacorp Inc | 股票-公用事業 | 2.67% | -0.62% | +48.93% | |
| 14 | ADT | Adt Inc | 股票-工業 | 2.63% | — | +53.08% | |
| 15 | KNTK | Kinetik Holdings Inc | 股票-其他 | 2.60% | +0.77% | — | |
| 16 | DUK | Duke Energy CORP | 股票-公用事業 | 1.99% | -1.16% | +15.52% | |
| 17 | AEE | Ameren Corporation | 股票-公用事業 | 1.88% | — | -4.72% | |
| 18 | VNOM | Viper Energy Inc-cl A | 股票-能源 | 1.77% | -0.58% | -5.43% | |
| 19 | CTRE | Caretrust Reit Inc | 股票-房地產 | 1.68% | +0.06% | +10.94% | |
| 20 | LNG | Cheniere Energy Inc | 股票-能源 | 1.58% | +2.20% | +2373.60% | |
| 21 | KD | Kyndryl Holdings Inc | 股票-科技 | 1.56% | — | -0.03% | |
| 22 | CMS | Cms Energy CORP | 股票-公用事業 | 1.37% | — | +6.93% | |
| 23 | RYAN | Ryan Specialty Holdings Inc | 股票-金融 | 1.36% | -0.08% | +177.78% | |
| 24 | AZO | Autozone Inc | 股票-循環性消費 | 1.25% | +0.70% | +86.67% | |
| 25 | SFD | Smithfield Foods Inc | 股票-其他 | 1.23% | — | +13.79% | |
| 26 | ETN | Eaton Corporation plc | 股票-工業 | 1.14% | +0.34% | NEW | |
| 27 | TDG | Transdigm Group Inc | 股票-工業 | 1.02% | -0.52% | -23.03% | |
| 28 | CNP | Centerpoint Energy Inc | 股票-公用事業 | 1.02% | -0.46% | EXIT | |
| 29 | NVT | nVent Electric plc | 股票-工業 | 1.01% | -0.67% | EXIT | |
| 30 | PWR | Quanta Services Inc | 股票-工業 | 0.97% | -0.20% | EXIT | |
| 31 | ULS | Ul Solutions Inc - Class A | 股票-工業 | 0.92% | — | — | |
| 32 | JRVR | James River Group Holdings I | 股票-其他 | 0.77% | -0.23% | — | |
| 33 | PH | Parker Hannifin CORP | 股票-工業 | 0.69% | +0.85% | -14.29% | |
| 34 | STC | Stewart Information Services | 股票-其他 | 0.66% | -0.20% | — | |
| 35 | ITT | Itt Inc | 股票-工業 | 0.65% | +0.36% | — | |
| 36 | APD | Air Products & Chemicals Inc | 股票-原物料 | 0.65% | — | +33.33% | |
| 37 | WM | Waste Management Inc | 股票-工業 | 0.64% | +0.51% | +10.00% | |
| 38 | YORW | York Water Co | 股票-其他 | 0.62% | +0.46% | -2.08% | |
| 39 | AERO | Grupo Aeromexico Sab De Cv | 股票-其他 | 0.61% | -0.39% | — | |
| 40 | VRT | Vertiv Holdings Co-a | 股票-工業 | 0.58% | +0.35% | NEW | |
| 41 | CARR | Carrier Global CORP | 股票-工業 | 0.54% | -0.31% | EXIT | |
| 42 | AMRZ | Amrize Ltd | 股票-原物料 | 0.52% | — | +12.62% | |
| 43 | SMA | Smartstop Self Storage Reit | 股票-其他 | 0.51% | -0.11% | -25.94% | |
| 44 | ALH | Alliance Laundry Holdings In | 股票-其他 | 0.51% | -0.57% | EXIT | |
| 45 | BKH | Black Hills CORP | 股票-公用事業 | 0.50% | -1.12% | -74.91% | |
| 46 | LOAR | Loar Holdings Inc | 股票-其他 | 0.49% | -0.42% | +111.54% | |
| 47 | PRMB | Primo Brands CORP | 股票-非循環性消費 | 0.49% | -0.01% | -53.77% | |
| 48 | RIG | Transocean Ltd. | 股票-能源 | 0.49% | — | -53.98% | |
| 49 | BLDR | Builders Firstsource Inc | 股票-工業 | 0.47% | -0.12% | +136.30% | |
| 50 | TTAM | Titan America SA | 股票-其他 | 0.43% | -0.10% | EXIT |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | KGS | Kodiak Gas Services Inc | +1.9% | +45.70% | 加碼 |
| 2 | SRE | Sempra | +1.6% | +64.68% | 加碼 |
| 3 | LNG | Cheniere Energy Inc | +1.5% | +2373.60% | 加碼 |
| 4 | WELL | Welltower Inc | +1.2% | +0.95% | 加碼 |
| 5 | IDA | Idacorp Inc | +1.1% | +48.93% | 加碼 |
| 6 | ADT | Adt Inc | +1.1% | +53.08% | 加碼 |
| 7 | XEL | Xcel Energy Inc | +1.1% | +11.76% | 加碼 |
| 8 | RYAN | Ryan Specialty Holdings Inc | +0.9% | +177.78% | 加碼 |
| 9 | NVT | nVent Electric plc | +0.8% | +240.91% | 加碼 |
| 10 | TXNM 5.75 06-01-54債券 | Txnm Energy Inc | +0.7% | — | 不變 |
| 11 | PWR | Quanta Services Inc | +0.6% | +118.13% | 加碼 |
| 12 | AZO | Autozone Inc | +0.6% | +86.67% | 加碼 |
| 13 | DUK | Duke Energy CORP | +0.5% | +15.52% | 加碼 |
| 14 | CTRE | Caretrust Reit Inc | +0.5% | +10.94% | 加碼 |
| 15 | VRT | Vertiv Holdings Co-a | +0.4% | +171.60% | 加碼 |
| 16 | CARR | Carrier Global CORP | +0.3% | +127.94% | 加碼 |
| 17 | SFD | Smithfield Foods Inc | +0.3% | +13.79% | 加碼 |
| 18 | ES | Eversource Energy | +0.3% | -9.60% | 減碼 |
| 19 | BLDR | Builders Firstsource Inc | +0.3% | +136.30% | 加碼 |
| 20 | LOAR | Loar Holdings Inc | +0.3% | +111.54% | 加碼 |
| 21 | CMS | Cms Energy CORP | +0.3% | +6.93% | 加碼 |
| 22 | VNOM | Viper Energy Inc-cl A | +0.3% | -5.43% | 減碼 |
| 23 | PACS | Pacs Group Inc | +0.2% | — | 不變 |
| 24 | APD | Air Products & Chemicals Inc | +0.2% | +33.33% | 加碼 |
| 25 | AEE | Ameren Corporation | +0.2% | -4.72% | 減碼 |
| 26 | AMRZ | Amrize Ltd | +0.2% | +12.62% | 加碼 |
| 27 | GPC | Genuine Parts Co | +0.2% | +200.00% | 加碼 |
| 28 | CRH | CRH plc | +0.2% | +100.00% | 加碼 |
| 29 | WM | Waste Management Inc | +0.2% | +10.00% | 加碼 |
| 30 | KD | Kyndryl Holdings Inc | +0.1% | -0.03% | 減碼 |
| 31 | YORW | York Water Co | +0.1% | -2.08% | 減碼 |
| 32 | PH | Parker Hannifin CORP | +0.1% | -14.29% | 減碼 |
| 33 | KYN | Kayne Anderson Energy Infra | +0.1% | +121.88% | 加碼 |
| 34 | TTAM | Titan America SA | +0.1% | -14.39% | 減碼 |
| 35 | MSEX | Middlesex Water Co | +0.1% | +18.83% | 加碼 |
| 36 | AR | Antero Resources CORP | +0.1% | +5.19% | 加碼 |
| 37 | HUT | Hut 8 CORP | +0.1% | +52.63% | 加碼 |
| 38 | FVR | Frontview Reit Inc | 0% | -17.70% | 減碼 |
| 39 | PNW | Pinnacle West Capital | 0% | -8.19% | 減碼 |
| 40 | CUBE | Cubesmart | 0% | +77.94% | 加碼 |
| 41 | MSFT | Microsoft CORP | 0% | — | 不變 |
| 42 | BOW | Bowhead Specialty Holdings I | 0% | — | 不變 |
| 43 | DPG | Duff & Phelps Utility & Inc | 0% | +197.14% | 加碼 |
| 44 | FCPT | Four Corners Property Trust | 0% | +5.71% | 加碼 |
| 45 | ERH | Allspring Utilities And High | 0% | — | 不變 |
| 46 | EQIX | Equinix Inc | — | -37.48% | 減碼 |
| 47 | AVB | Avalonbay Communities Inc | — | -16.24% | 減碼 |
| 48 | SLDE | Slide Insurance Holdings Inc | — | -34.06% | 減碼 |
| 49 | ELDN | Eledon Pharmaceuticals Inc | 0% | +30.64% | 加碼 |
| 50 | MLYS | Mineralys Therapeutics Inc | 0% | -42.50% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Zimmer Partners, LP 在 Q4 2025 季度的美股持倉總市值約為 US$43.4億，共申報了 119 個公開持股部位。
在 Q4 2025 季度，Zimmer Partners, LP 按市值排列的前三大核心持股分別為：ES (6.8%)、WELL (5.5%)、XEL (5.3%)。其中最大持股部位 ES 佔據整體投資組合約 6.8% 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
ETR
市值: US$1.5億
本季最大獲利了結 / 清倉標的
AEP
前期市值: US$1.0億
在 Q4 2025 季度中，Zimmer Partners, LP 共進行了 172 項持倉異動，包含新建倉 39 個部位、加碼 32 個部位、減碼 42 個部位以及清倉 59 個部位。 其中最大新建倉標的為 ETR。 本季清倉部位包含 AEP。
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。