13F 申报指南13F 概念全攻略
什么是 SEC Form 13F 申报？美股机构大户持股全攻略
完整解读 Form 13F 申报规范、1 亿美元门槛与 45 天延迟申报机制，学会如何追踪顶级对冲基金与机构法人持仓动向。
AlphaSMO 权威研究指南阅读专题
CIK: 0001706766
申报总市值
US$214.6亿
US$214.6亿
978 檔
8.6%
Q3 2025 季度申报显示，Caption Management, LLC 披露的美股组合总市值为 US$214.6亿，涵盖 978 个不同之权益投资仓位。
在 Q3 2025，Caption Management, LLC 操作展现出积极扩展与加仓意向。本季共新建仓 44 个新仓位，并对 75 个既有持股进行加仓（合计增持 119 档），相较减仓与清仓仓位显著占优。
在资产配置集中度方面，Caption Management, LLC 的前 5 大核心持股（包含 CVNA, CRWV, INTU 等）合计占整体申报市值的 8.6%，反映机构在主要关键仓位上的权重分布。
仅显示前 200 大持股（共 978 只）
| # | 代码 | 标的名称 | 资产子类别 | 占比 | 占比变动 | 持仓量变化 | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | CVNA | Carvana Co | 股票-周期性消费 | 3.81% | -1.07% | -13.81% | |
| 2 | CRWV | Coreweave Inc-cl A | 股票-科技 | 3.40% | -0.18% | EXIT | |
| 3 | INTU | Intuit Inc | 股票-科技 | 2.80% | +0.29% | +4.71% | |
| 4 | TSLA | Tesla Inc | 股票-周期性消费 | 2.43% | +0.25% | +16.67% | |
| 5 | UTHR | United Therapeutics CORP | 股票-医疗保健 | 1.97% | -2.09% | +358.49% | |
| 6 | AMZN | Amazon.com Inc | 股票-周期性消费 | 1.97% | -0.01% | — | |
| 7 | RDDT | Reddit Inc-cl A | 股票-通信服务 | 1.93% | -0.08% | +114.60% | |
| 8 | APP | Applovin Corp-class A | 股票-科技 | 1.88% | — | — | |
| 9 | NVDA | Nvidia CORP | 股票-科技 | 1.46% | -0.43% | — | |
| 10 | ECHO | Echostar Corp-a | 股票-通信服务 | 1.11% | -0.04% | +301.84% | |
| 11 | CVX | Chevron CORP | 股票-能源 | 1.06% | -0.16% | — | |
| 12 | SOC | Sable Offshore CORP | 股票-其他 | 1.05% | -0.04% | +1196.63% | |
| 13 | IREN | IREN Limited | 股票-其他 | 1.00% | +0.23% | +83.38% | |
| 14 | CORZ | Core Scientific Inc | 股票-科技 | 0.97% | +0.24% | +131.30% | |
| 15 | COIN | Coinbase Global Inc -class A | 股票-金融 | 0.93% | -0.06% | — | |
| 16 | DASH | Doordash Inc - A | 股票-周期性消费 | 0.92% | — | — | |
| 17 | RUN | Sunrun Inc | 股票-科技 | 0.92% | +0.02% | -27.93% | |
| 18 | RCL | Royal Caribbean Cruises Ltd. | 股票-周期性消费 | 0.90% | +0.05% | — | |
| 19 | GOOG | Alphabet Inc-cl C | 股票-通信服务 | 0.88% | +0.86% | -1.61% | |
| 20 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 0.83% | +2.49% | -1.34% | |
| 21 | INSM | Insmed Inc | 股票-医疗保健 | 0.79% | +0.66% | -14.95% | |
| 22 | SLNOEUR | Soleno Therapeutics Inc | 股票-其他 | 0.76% | -0.31% | EXIT | |
| 23 | KEL | Kellanova | 股票-其他 | 0.75% | — | +106.47% | |
| 24 | ABBV | Abbvie Inc | 股票-医疗保健 | 0.74% | -0.11% | — | |
| 25 | WULF | Terawulf Inc | 股票-金融 | 0.68% | +0.44% | +65.71% | |
| 26 | NET | Cloudflare Inc - Class A | 股票-科技 | 0.65% | -0.02% | -3.97% | |
| 27 | QURE | uniQure N.V. | 股票-其他 | 0.62% | +0.16% | -32.76% | |
| 28 | CZR | Caesars Entertainment Inc | 股票-周期性消费 | 0.59% | +0.02% | +251.48% | |
| 29 | IMCR | Immunocore Holdings Plc-adr | 股票-其他 | 0.59% | -0.28% | +140.05% | |
| 30 | ARGX | Argenx Se - Adr | 股票-医疗保健 | 0.57% | -0.09% | -7.75% | |
| 31 | CMA | Comerica Inc | 股票-其他 | 0.57% | — | +624.20% | |
| 32 | EWC | Ishares Msci Canada ETF | ETF-其他 | 0.55% | -0.10% | — | |
| 33 | XOM | Exxon Mobil CORP | 股票-能源 | 0.55% | -0.20% | +47.94% | |
| 34 | EOSE | Eos Energy Enterprises Inc | 股票-其他 | 0.54% | +0.01% | -23.11% | |
| 35 | BSX | Boston Scientific CORP | 股票-医疗保健 | 0.54% | -0.32% | +770.85% | |
| 36 | VRSN | Verisign Inc | 股票-科技 | 0.53% | +0.22% | NEW | |
| 37 | VSAT | Viasat Inc | 股票-科技 | 0.51% | +0.57% | — | |
| 38 | W | Wayfair Inc- Class A | 股票-周期性消费 | 0.50% | +0.11% | -1.23% | |
| 39 | SMCI | Super Micro Computer Inc | 股票-科技 | 0.48% | +0.25% | +19.17% | |
| 40 | HUM | Humana Inc | 股票-医疗保健 | 0.48% | -0.06% | -20.89% | |
| 41 | BXP | Bxp Inc | 股票-房地产 | 0.46% | +0.07% | NEW | |
| 42 | ARKK | Ark Innovation ETF | ETF-其他 | 0.45% | -0.14% | +227.11% | |
| 43 | LULU | Lululemon Athletica Inc | 股票-周期性消费 | 0.45% | — | — | |
| 44 | 6D8 | Dupont De Nemours Inc | 股票-其他 | 0.44% | -0.04% | EXIT | |
| 45 | NICE | Nice LTD - Spon Adr | 股票-科技 | 0.43% | +0.02% | NEW | |
| 46 | FLR | Fluor CORP | 股票-工业 | 0.43% | -0.12% | +88.99% | |
| 47 | HPE | Hewlett Packard Enterprise | 股票-科技 | 0.41% | -0.04% | +254.92% | |
| 48 | PYPL | Paypal Holdings Inc | 股票-金融 | 0.40% | -0.03% | +707.08% | |
| 49 | LQDA | Liquidia CORP | 股票-其他 | 0.39% | +0.16% | +1083.55% | |
| 50 | CM | Can Imperial Bk Of Commerce | 股票-金融 | 0.38% | +0.01% | NEW |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | CVNA | Carvana Co | +3.1% | -13.81% | 加仓 |
| 2 | UTHR | United Therapeutics CORP | +1.7% | +358.49% | 加仓 |
| 3 | ECHO | Echostar Corp-a | +1.1% | +301.84% | 加仓 |
| 4 | RDDT | Reddit Inc-cl A | +1% | +114.60% | 加仓 |
| 5 | APP | Applovin Corp-class A | +1% | — | 减仓 |
| 6 | IREN | IREN Limited | +1% | +83.38% | 加仓 |
| 7 | TSLA | Tesla Inc | +0.9% | +16.67% | 加仓 |
| 8 | CORZ | Core Scientific Inc | +0.9% | +131.30% | 加仓 |
| 9 | CVX | Chevron CORP | +0.9% | — | 加仓 |
| 10 | SOC | Sable Offshore CORP | +0.9% | +1196.63% | 加仓 |
| 11 | KEL | Kellanova | +0.8% | +106.47% | 加仓 |
| 12 | RUN | Sunrun Inc | +0.7% | -27.93% | 加仓 |
| 13 | INSM | Insmed Inc | +0.6% | -14.95% | 加仓 |
| 14 | NET | Cloudflare Inc - Class A | +0.6% | -3.97% | 加仓 |
| 15 | ABBV | Abbvie Inc | +0.6% | — | 加仓 |
| 16 | QURE | uniQure N.V. | +0.6% | -32.76% | 加仓 |
| 17 | IMCR | Immunocore Holdings Plc-adr | +0.6% | +140.05% | 加仓 |
| 18 | CZR | Caesars Entertainment Inc | +0.5% | +251.48% | 加仓 |
| 19 | CMA | Comerica Inc | +0.5% | +624.20% | 加仓 |
| 20 | WULF | Terawulf Inc | +0.5% | +65.71% | 加仓 |
| 21 | BSX | Boston Scientific CORP | +0.5% | +770.85% | 加仓 |
| 22 | XOM | Exxon Mobil CORP | +0.5% | +47.94% | 加仓 |
| 23 | SMCI | Super Micro Computer Inc | +0.5% | +19.17% | 加仓 |
| 24 | HPE | Hewlett Packard Enterprise | +0.4% | +254.92% | 加仓 |
| 25 | ARKK | Ark Innovation ETF | +0.4% | +227.11% | 加仓 |
| 26 | 6D8 | Dupont De Nemours Inc | +0.4% | — | 加仓 |
| 27 | PYPL | Paypal Holdings Inc | +0.3% | +707.08% | 加仓 |
| 28 | WBD | Warner Bros Discovery Inc | +0.3% | +346.06% | 加仓 |
| 29 | MGNI | Magnite Inc | +0.3% | +30.42% | 加仓 |
| 30 | CORZW | Core Scientific Inc - 27 | +0.3% | +363.20% | 加仓 |
| 31 | EOSE | Eos Energy Enterprises Inc | +0.3% | -23.11% | 减仓 |
| 32 | DDOG | Datadog Inc - Class A | +0.3% | — | 加仓 |
| 33 | HUT | Hut 8 CORP | +0.3% | +1241.90% | 加仓 |
| 34 | NAMS | NewAmsterdam Pharma Company N.V. | +0.3% | +3180.00% | 加仓 |
| 35 | W | Wayfair Inc- Class A | +0.2% | -1.23% | 减仓 |
| 36 | NBIS | Nebius Group N.V. | +0.2% | +0.16% | 加仓 |
| 37 | CSX | Csx CORP | +0.2% | +822.95% | 加仓 |
| 38 | OWL | Blue Owl Capital Inc | +0.2% | +488.50% | 加仓 |
| 39 | DXCM | Dexcom Inc | +0.2% | +295.83% | 加仓 |
| 40 | BHVN | Biohaven Ltd. | +0.2% | +4.96% | 加仓 |
| 41 | CRSP | CRISPR Therapeutics AG | +0.2% | +106.85% | 加仓 |
| 42 | TEM | Tempus Ai Inc-cl A | +0.2% | +1709.00% | 加仓 |
| 43 | SMR | Nuscale Power CORP | +0.2% | +3.82% | 加仓 |
| 44 | GH | Guardant Health Inc | +0.2% | +285.71% | 加仓 |
| 45 | XLE | Ss Energy Select Sector | +0.2% | +9.87% | 加仓 |
| 46 | RCL | Royal Caribbean Cruises Ltd. | +0.2% | — | 不变 |
| 47 | BE | Bloom Energy Corp- A | +0.2% | -35.99% | 减仓 |
| 48 | ZVRA | Zevra Therapeutics Inc | +0.2% | +1672.66% | 加仓 |
| 49 | ALGM | Allegro Microsystems Inc | +0.2% | +98.60% | 加仓 |
| 50 | HUM | Humana Inc | +0.2% | -20.89% | 加仓 |
根据 SEC 官方 Form 13F 申报备案，Caption Management, LLC 在 Q3 2025 季度的美股持仓总市值约为 US$214.6亿，共申报了 978 个公开持股仓位。
在 Q3 2025 季度，Caption Management, LLC 按市值排列的前三大核心持股分别为：CVNA (3.8%)、CRWV (3.4%)、INTU (2.8%)。其中最大持股仓位 CVNA 占据整体投资组合约 3.8% 的权重。
精选 AlphaSMO 大户持股与内部人交易深度分析，提升投资决策胜率
完整解读 Form 13F 申报规范、1 亿美元门槛与 45 天延迟申报机制，学会如何追踪顶级对冲基金与机构法人持仓动向。
本季最大新建仓标的
CRWV
市值: US$4.4亿
本季最大获利了结 / 清仓标的
MSFT
前期市值: US$7.9亿
在 Q3 2025 季度中，Caption Management, LLC 共进行了 199 项持仓异动，包含新建仓 44 个仓位、加仓 75 个仓位、减仓 48 个仓位以及清仓 32 个仓位。 其中最大新建仓标的为 CRWV。 本季清仓仓位包含 MSFT。
本页面所有持股数据均直接同步自美国证券交易委员会（SEC）EDGAR 官方系统之 13F-HR / 13F-HR/A 季度申报文件。AlphaSMO 通过机器解析 CUSIP 与个股对照，提供 100% 精准对齐的历史时序数据集，并支持 Schema.org 结构化数据格式。
解析公司高管、董事与 10% 大股东之 Form 4 内部人交易申报，掌握高管自家股票买卖第一手信号。
深入剖析 5% 股权申报门槛、13D 与 13G 之差异，以及最新 SEC 申报时程规范，洞察机构法人的激进投资动向。