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。
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CIK: 0001557017
申报总市值
US$279.8亿
US$279.8亿
382 檔
46.1%
根据最新整理的 13F 季度数据集，Capula Management Ltd 于 Q4 2025 结束时的管理资产规模为 US$279.8亿。该机构在本季度申报了 382 档美股持仓，呈现出该时期的主要投资地图。
在 Q4 2025，Capula Management Ltd 展现出较为审慎的避险与获利了结姿态。本季共减仓 84 个仓位并完全清仓 36 档持股，调降曝光的仓位数量高于加仓动作。
在资产配置集中度方面，Capula Management Ltd 的前 5 大核心持股（包含 VOO, SPY, BABA 等）合计占整体申报市值的 46.1%，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 382 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 | VOO | Vanguard S&p 500 ETF | ETF-大型股与成长 | 37.40% | -0.20% | +1487852.00% | |
| 2 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股与成长 | 20.23% | -16.00% | +90.27% | |
| 3 | BABA | Alibaba Group Holding-sp Adr | 股票-周期性消费 | 2.48% | +2.21% | +105.13% | |
| 4 | IBIT | Ishares Bitcoin Trust ETF | ETF-加密货币 | 2.36% | +0.01% | NEW | |
| 5 | IVV | Ishares Core S&p 500 ETF | ETF-大型股与成长 | 2.12% | +11.41% | -94.09% | |
| 6 | IBM | Intl Business Machines CORP | 股票-科技 | 2.03% | +0.12% | +14721.84% | |
| 7 | UBER | Uber Technologies Inc | 股票-工业 | 1.86% | +1.12% | +115.35% | |
| 8 | SMH | Vaneck Semiconductor ETF | ETF-其他 | 1.81% | -0.23% | +3.07% | |
| 9 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 1.64% | -0.26% | +248.42% | |
| 10 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 1.49% | -0.37% | -80.14% | |
| 11 | EEM | Ishares Msci Emerging Market | ETF-新兴市场 | 1.30% | -0.36% | EXIT | |
| 12 | AAPL | Apple Inc | 股票-科技 | 1.26% | -0.40% | -27.21% | |
| 13 | QCOM | Qualcomm Inc | 股票-科技 | 1.15% | +0.50% | +1726.25% | |
| 14 | META | Meta Platforms Inc-class A | 股票-通信服务 | 1.05% | -0.75% | +298.79% | |
| 15 | ETHA | Ishares Ethereum Trust ETF | ETF-其他 | 1.04% | — | +4.05% | |
| 16 | XOM | Exxon Mobil CORP | 股票-能源 | 1.02% | -0.08% | EXIT | |
| 17 | CAT | Caterpillar Inc | 股票-工业 | 0.99% | +0.01% | +6863.92% | |
| 18 | COIN | Coinbase Global Inc -class A | 股票-金融 | 0.97% | +0.16% | -18.93% | |
| 19 | PYPL | Paypal Holdings Inc | 股票-金融 | 0.94% | +0.36% | +3510.18% | |
| 20 | CEG | Constellation Energy | 股票-公用事业 | 0.91% | +0.09% | +3296.19% | |
| 21 | DELL | Dell Technologies -c | 股票-科技 | 0.89% | -0.03% | -16.02% | |
| 22 | NVDA | Nvidia CORP | 股票-科技 | 0.86% | -1.58% | -22.77% | |
| 23 | FBTC | Fidelity Wise Origin Bitcoin | ETF-加密货币 | 0.81% | — | — | |
| 24 | SLV | Ishares Silver Trust | ETF-避险与商品 | 0.69% | -0.03% | EXIT | |
| 25 | TSLA | Tesla Inc | 股票-周期性消费 | 0.67% | -0.91% | -14.93% | |
| 26 | APP | Applovin Corp-class A | 股票-科技 | 0.61% | -0.03% | +7133.36% | |
| 27 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.50% | -0.02% | -55.56% | |
| 28 | GOOG | Alphabet Inc-cl C | 股票-通信服务 | 0.50% | -0.14% | — | |
| 29 | WBD | Warner Bros Discovery Inc | 股票-通信服务 | 0.41% | +0.26% | — | |
| 30 | NKE | Nike Inc -cl B | 股票-周期性消费 | 0.41% | +0.46% | -63.40% | |
| 31 | JD | Jd.com Inc-adr | 股票-周期性消费 | 0.38% | +0.02% | +1230.00% | |
| 32 | AMGN | Amgen Inc | 股票-医疗保健 | 0.37% | +0.77% | +2199.69% | |
| 33 | MSFT | Microsoft CORP | 股票-科技 | 0.33% | -0.43% | -49.90% | |
| 34 | FETH | Fidelity Ethereum Fund | ETF-其他 | 0.31% | — | -4.61% | |
| 35 | KRE | Ss Spdr S&p Regional Bank | ETF-其他 | 0.26% | -0.02% | — | |
| 36 | SMCI | Super Micro Computer Inc | 股票-科技 | 0.23% | — | — | |
| 37 | EXK | Exact Sciences CORP | 股票-原材料 | 0.21% | — | — | |
| 38 | XME | Ss Spdr S&p Metals Mining | ETF-其他 | 0.21% | — | — | |
| 39 | MSTR | Strategy Inc | 股票-科技 | 0.20% | +0.60% | -92.73% | |
| 40 | AMZN | Amazon.com Inc | 股票-周期性消费 | 0.19% | -0.44% | -59.71% | |
| 41 | AVGO | Broadcom Inc | 股票-科技 | 0.19% | +0.52% | -57.29% | |
| 42 | DAY | Dayforce Inc | 股票-其他 | 0.18% | — | +30.89% | |
| 43 | SNOW | Snowflake Inc | 股票-科技 | 0.18% | — | NEW | |
| 44 | ✓ | Cyberark Software LTD. Cmn | 股票-其他 | 0.18% | — | +9.62% | |
| 45 | ASTS | Ast Spacemobile Inc | 股票-科技 | 0.16% | — | — | |
| 46 | RNAGBP | Avidity Biosciences Inc | 股票-其他 | 0.14% | — | — | |
| 47 | FXI | Ishares China Large-cap ETF | ETF-新兴市场 | 0.14% | -0.44% | +12.41% | |
| 48 | PDD | Pdd Holdings Inc | 股票-周期性消费 | 0.14% | +0.96% | +178.01% | |
| 49 | DLTR | Dollar Tree Inc | 股票-非周期性消费 | 0.14% | — | — | |
| 50 | EA | Electronic Arts Inc | 股票-通信服务 | 0.14% | -0.04% | — |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | VOO | Vanguard S&p 500 ETF | +37.4% | +1487852.00% | 加仓 |
| 2 | SPY | Ss Spdr S&p 500 ETF Trust-us | +9.9% | +90.27% | 加仓 |
| 3 | IBM | Intl Business Machines CORP | +2% | +14721.84% | 加仓 |
| 4 | GOOGL | Alphabet Inc-cl A | +1.3% | +248.42% | 加仓 |
| 5 | QCOM | Qualcomm Inc | +1.1% | +1726.25% | 加仓 |
| 6 | BABA | Alibaba Group Holding-sp Adr | +1% | +105.13% | 加仓 |
| 7 | CAT | Caterpillar Inc | +1% | +6863.92% | 加仓 |
| 8 | XOM | Exxon Mobil CORP | +1% | +1422.91% | 加仓 |
| 9 | PYPL | Paypal Holdings Inc | +0.9% | +3510.18% | 加仓 |
| 10 | CEG | Constellation Energy | +0.9% | +3296.19% | 加仓 |
| 11 | UBER | Uber Technologies Inc | +0.8% | +115.35% | 加仓 |
| 12 | META | Meta Platforms Inc-class A | +0.8% | +298.79% | 加仓 |
| 13 | APP | Applovin Corp-class A | +0.6% | +7133.36% | 加仓 |
| 14 | EEM | Ishares Msci Emerging Market | +0.5% | +58.87% | 加仓 |
| 15 | AMGN | Amgen Inc | +0.4% | +2199.69% | 加仓 |
| 16 | JD | Jd.com Inc-adr | +0.4% | +1230.00% | 加仓 |
| 17 | SMH | Vaneck Semiconductor ETF | +0.2% | +3.07% | 加仓 |
| 18 | SLV | Ishares Silver Trust | +0.2% | -7.12% | 减仓 |
| 19 | SNOW | Snowflake Inc | +0.2% | +783.23% | 加仓 |
| 20 | INDA | Ishares Msci India ETF | +0.1% | +572.83% | 加仓 |
| 21 | PANW | Palo Alto Networks Inc | +0.1% | +269.84% | 加仓 |
| 22 | LOW | Lowe's Cos Inc | +0.1% | +382.95% | 加仓 |
| 23 | PDD | Pdd Holdings Inc | +0.1% | +178.01% | 加仓 |
| 24 | DAY | Dayforce Inc | 0% | +30.89% | 加仓 |
| 25 | MRVL | Marvell Technology Inc | 0% | +109.62% | 加仓 |
| 26 | WMT | Walmart Inc | 0% | +53.45% | 加仓 |
| 27 | TECK | Teck Resources Ltd-cls B | 0% | +951.14% | 加仓 |
| 28 | ORCL | Oracle CORP | 0% | +123.01% | 加仓 |
| 29 | VRT | Vertiv Holdings Co-a | 0% | +136.64% | 加仓 |
| 30 | FYBR | Frontier Communications Pare | 0% | +22.79% | 加仓 |
| 31 | GM | General Motors Co | 0% | +1090.91% | 加仓 |
| 32 | LRCX | Lam Research CORP | 0% | +7.33% | 加仓 |
| 33 | TLT | Ishares 20+ Year Treasury Bd | 0% | +28.06% | 加仓 |
| 34 | BMY | Bristol-myers Squibb Co | 0% | +362.30% | 加仓 |
| 35 | HOOD | Robinhood Markets Inc - A | 0% | +88.04% | 加仓 |
| 36 | GE | General Electric | 0% | +82.24% | 加仓 |
| 37 | BIIB | Biogen Inc | 0% | +108.61% | 加仓 |
| 38 | FCX | Freeport-mcmoran Inc | 0% | +500.48% | 加仓 |
| 39 | ALNY | Alnylam Pharmaceuticals Inc | 0% | +91.36% | 加仓 |
| 40 | ZM | Zoom Communications Inc | 0% | +52.91% | 加仓 |
| 41 | EMB | Ishares Jp Morgan Usd Emergi | 0% | +58.34% | 加仓 |
| 42 | SPGI | S&p Global Inc | 0% | -77.80% | 减仓 |
| 43 | ISRG | Intuitive Surgical Inc | 0% | -79.84% | 减仓 |
| 44 | MA | Mastercard Inc - A | 0% | -28.48% | 减仓 |
| 45 | NOW | Servicenow Inc | 0% | +44.18% | 加仓 |
| 46 | SCHW | Schwab (charles) CORP | 0% | -76.21% | 减仓 |
| 47 | CVNA | Carvana Co | 0% | -71.49% | 减仓 |
| 48 | V | Visa Inc-class A Shares | 0% | -21.61% | 减仓 |
| 49 | BAM | Brookfield Asset Mgmt-a | 0% | -28.39% | 减仓 |
| 50 | CIEN | Ciena CORP | 0% | -92.52% | 减仓 |
根据 SEC 官方 Form 13F 申报备案，Capula Management Ltd 在 Q4 2025 季度的美股持仓总市值约为 US$279.8亿，共申报了 382 个公开持股仓位。
在 Q4 2025 季度，Capula Management Ltd 按市值排列的前三大核心持股分别为：VOO (37.4%)、SPY (20.2%)、BABA (2.5%)。其中最大持股仓位 VOO 占据整体投资组合约 37.4% 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
GOOG
市值: US$1.0亿
本季最大获利了结 / 清仓标的
LQD
前期市值: US$4.5亿
在 Q4 2025 季度中，Capula Management Ltd 共进行了 199 项持仓异动，包含新建仓 36 个仓位、加仓 43 个仓位、减仓 84 个仓位以及清仓 36 个仓位。 其中最大新建仓标的为 GOOG。 本季清仓仓位包含 LQD。
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。
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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。