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: 0001512022
申报总市值
US$7.4亿
US$7.4亿
97 檔
30.0%
截至 Q4 2025 季度末，HERALD INVESTMENT MANAGEMENT Ltd 的美股持仓估值约为 US$7.4亿，全数申报仓位共有 97 档。
在 Q4 2025，HERALD INVESTMENT MANAGEMENT Ltd 操作展现出积极扩展与加仓意向。本季共新建仓 7 个新仓位，并对 15 个既有持股进行加仓（合计增持 22 档），相较减仓与清仓仓位显著占优。
在资产配置集中度方面，HERALD INVESTMENT MANAGEMENT Ltd 的前 5 大核心持股（包含 CLS, FN, PEGA 等）合计占整体申报市值的 30.0%，反映机构在主要关键仓位上的权重分布。
| # | 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 | CLS | Celestica Inc | 股票-科技 | 8.87% | -4.13% | -31.49% | |
| 2 | FN | Fabrinet | 股票-科技 | 6.39% | -4.10% | -26.10% | |
| 3 | PEGA | Pegasystems Inc | 股票-科技 | 5.49% | -1.82% | — | |
| 4 | SIMO | Silicon Motion Technol-adr | 股票-其他 | 4.66% | +0.92% | — | |
| 5 | VICR | Vicor CORP | 股票-科技 | 3.51% | -0.96% | -2.00% | |
| 6 | TSEM | Tower Semiconductor Ltd. | 股票-科技 | 2.76% | -0.56% | -9.09% | |
| 7 | SMCI | Super Micro Computer Inc | 股票-科技 | 2.71% | -0.54% | -1.39% | |
| 8 | ARLO | Arlo Technologies Inc | 股票-其他 | 2.39% | -0.66% | +2.35% | |
| 9 | RDWR | Radware Ltd. | 股票-其他 | 2.12% | -0.47% | — | |
| 10 | DSGX | Descartes Systems Grp/the | 股票-科技 | 2.12% | -0.43% | — | |
| 11 | VRNS | Varonis Systems Inc | 股票-科技 | 2.07% | +0.78% | +9.02% | |
| 12 | FROG | JFrog Ltd. | 股票-科技 | 1.87% | +0.58% | -8.00% | |
| 13 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 1.80% | +0.37% | -12.15% | |
| 14 | KLIC | Kulicke & Soffa Industries | 股票-科技 | 1.64% | +0.96% | -6.75% | |
| 15 | MSFT | Microsoft CORP | 股票-科技 | 1.63% | -0.03% | +6.17% | |
| 16 | AVPT | Avepoint Inc | 股票-其他 | 1.54% | -0.16% | +21.43% | |
| 17 | ALKT | Alkami Technology Inc | 股票-其他 | 1.51% | -0.11% | +25.00% | |
| 18 | AMZN | Amazon.com Inc | 股票-周期性消费 | 1.49% | +0.17% | +6.47% | |
| 19 | RDVT | Red Violet Inc | 股票-其他 | 1.49% | +1.28% | — | |
| 20 | ELVA | Electrovaya Inc | 股票-其他 | 1.48% | -0.25% | +13.83% | |
| 21 | CEVA | Ceva Inc | 股票-其他 | 1.46% | +1.01% | +15.56% | |
| 22 | DRS | Leonardo Drs Inc | 股票-工业 | 1.27% | -0.50% | — | |
| 23 | DOCN | Digitalocean Holdings Inc | 股票-科技 | 1.27% | +0.55% | — | |
| 24 | MU | Micron Technology Inc | 股票-科技 | 1.25% | +1.81% | -6.94% | |
| 25 | QLYS | Qualys Inc | 股票-科技 | 1.13% | +0.21% | — | |
| 26 | LASR | Nlight Inc | 股票-其他 | 1.05% | -0.32% | -14.00% | |
| 27 | HLIT | Harmonic Inc | 股票-其他 | 1.01% | -0.39% | — | |
| 28 | CLMB | Climb Global Solutions Inc | 股票-其他 | 1.01% | -0.12% | +50.00% | |
| 29 | MRAM | Everspin Technologies Inc | 股票-其他 | 0.97% | +0.06% | — | |
| 30 | VPG | Vishay Precision Group | 股票-其他 | 0.96% | +0.67% | +26.67% | |
| 31 | FIVN | Five9 Inc | 股票-科技 | 0.95% | +0.25% | +28.37% | |
| 32 | PLUS | Eplus Inc | 股票-其他 | 0.86% | -0.03% | — | |
| 33 | IDN | Intellicheck Inc | 股票-其他 | 0.85% | -0.63% | -2.44% | |
| 34 | PDFS | Pdf Solutions Inc | 股票-其他 | 0.84% | +0.24% | +12.50% | |
| 35 | SPSC | Sps Commerce Inc | 股票-科技 | 0.82% | — | +27.27% | |
| 36 | AIP | Arteris Inc | 股票-其他 | 0.81% | +1.03% | — | |
| 37 | FORM | Formfactor Inc | 股票-科技 | 0.79% | -0.20% | -8.45% | |
| 38 | FA | First Advantage CORP | 股票-其他 | 0.76% | +0.19% | +9.59% | |
| 39 | VECO | Veeco Instruments Inc | 股票-其他 | 0.75% | -0.23% | — | |
| 40 | AAPL | Apple Inc | 股票-科技 | 0.72% | +0.17% | — | |
| 41 | POWI | Power Integrations Inc | 股票-科技 | 0.70% | -0.11% | +294.74% | |
| 42 | CCOI | Cogent Communications Holdin | 股票-其他 | 0.68% | -0.18% | — | |
| 43 | DGII | Digi International Inc | 股票-其他 | 0.68% | +0.09% | +20.00% | |
| 44 | BELFB | Bel Fuse Inc-cl B | 股票-其他 | 0.66% | -0.02% | — | |
| 45 | VIAV | Viavi Solutions Inc | 股票-科技 | 0.64% | -0.21% | — | |
| 46 | SMWB | Similarweb Ltd. | 股票-其他 | 0.63% | +0.31% | +7.58% | |
| 47 | CTS | Cts CORP | 股票-其他 | 0.62% | -0.03% | +10.00% | |
| 48 | HSTM | Healthstream Inc | 股票-其他 | 0.60% | +0.12% | +5.26% | |
| 49 | AMD | Advanced Micro Devices | 股票-科技 | 0.58% | +0.89% | -32.99% | |
| 50 | KOPN | Kopin CORP | 股票-其他 | 0.58% | +0.16% | -5.00% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | VICR | Vicor CORP | +1.9% | -2.00% | 减仓 |
| 2 | TSEM | Tower Semiconductor Ltd. | +0.9% | -9.09% | 减仓 |
| 3 | POWI | Power Integrations Inc | +0.5% | +294.74% | 加仓 |
| 4 | ELVA | Electrovaya Inc | +0.5% | +13.83% | 加仓 |
| 5 | MU | Micron Technology Inc | +0.5% | -6.94% | 减仓 |
| 6 | VPG | Vishay Precision Group | +0.3% | +26.67% | 加仓 |
| 7 | FROG | JFrog Ltd. | +0.3% | -8.00% | 减仓 |
| 8 | AIP | Arteris Inc | +0.3% | — | 不变 |
| 9 | FORM | Formfactor Inc | +0.2% | -8.45% | 减仓 |
| 10 | NOVT | Novanta Inc | +0.2% | +40.00% | 加仓 |
| 11 | ALKT | Alkami Technology Inc | +0.2% | +25.00% | 加仓 |
| 12 | DGII | Digi International Inc | +0.2% | +20.00% | 加仓 |
| 13 | GOOGL | Alphabet Inc-cl A | +0.2% | -12.15% | 减仓 |
| 14 | IDN | Intellicheck Inc | +0.2% | -2.44% | 减仓 |
| 15 | PDFS | Pdf Solutions Inc | +0.2% | +12.50% | 加仓 |
| 16 | AVPT | Avepoint Inc | +0.1% | +21.43% | 加仓 |
| 17 | PATH | Uipath Inc - Class A | +0.1% | +25.42% | 加仓 |
| 18 | AMZN | Amazon.com Inc | +0.1% | +6.47% | 加仓 |
| 19 | CLMB | Climb Global Solutions Inc | +0.1% | +50.00% | 加仓 |
| 20 | PEGA | Pegasystems Inc | +0.1% | — | 不变 |
| 21 | RDVT | Red Violet Inc | +0.1% | — | 不变 |
| 22 | BELFB | Bel Fuse Inc-cl B | +0.1% | — | 不变 |
| 23 | OUST | Ouster Inc | -0.1% | +5.26% | 加仓 |
| 24 | HSTM | Healthstream Inc | -0.1% | +5.26% | 加仓 |
| 25 | ANET | Arista Networks Inc | -0.1% | -17.62% | 减仓 |
| 26 | APPS | Digital Turbine Inc | -0.1% | — | 不变 |
| 27 | VERX | Vertex Inc - Class A | -0.1% | — | 不变 |
| 28 | RBBN | Ribbon Communications Inc | -0.2% | -12.36% | 减仓 |
| 29 | SPIR | Spire Global Inc | -0.2% | — | 不变 |
| 30 | DSGX | Descartes Systems Grp/the | -0.2% | — | 不变 |
| 31 | TGEN | Tecogen Inc/waltham Ma | -0.3% | -5.85% | 减仓 |
| 32 | RDWR | Radware Ltd. | -0.3% | — | 不变 |
| 33 | DRS | Leonardo Drs Inc | -0.5% | — | 不变 |
| 34 | ARLO | Arlo Technologies Inc | -0.5% | +2.35% | 加仓 |
| 35 | CCOI | Cogent Communications Holdin | -0.6% | — | 不变 |
| 36 | FN | Fabrinet | -0.7% | -26.10% | 减仓 |
| 37 | VRNS | Varonis Systems Inc | -1.3% | +9.02% | 加仓 |
| 38 | SMCI | Super Micro Computer Inc | -1.9% | -1.39% | 减仓 |
| 39 | CLS | Celestica Inc | -2.1% | -31.49% | 减仓 |
| 40 | DOCN | Digitalocean Holdings Inc | — | NEW | 新建仓 |
| 41 | PLUS | Eplus Inc | — | NEW | 新建仓 |
| 42 | AVDX | Avidxchange Holdings Inc | — | EXIT | 清仓 |
| 43 | VIAV | Viavi Solutions Inc | — | NEW | 新建仓 |
| 44 | BRZE | Braze Inc-a | — | NEW | 新建仓 |
| 45 | POWL | Powell Industries Inc | — | NEW | 新建仓 |
| 46 | ✓ | Csg Systems International In | — | NEW | 新建仓 |
| 47 | ALNT | Allient Inc | — | NEW | 新建仓 |
| 48 | INUV | Inuvo Inc | — | EXIT | 清仓 |
| 49 | LTRX | Lantronix Inc | — | EXIT | 清仓 |
| 50 | ACCS | Access Newswire Inc | — | EXIT | 清仓 |
根据 SEC 官方 Form 13F 申报备案，HERALD INVESTMENT MANAGEMENT Ltd 在 Q4 2025 季度的美股持仓总市值约为 US$7.4亿，共申报了 97 个公开持股仓位。
在 Q4 2025 季度，HERALD INVESTMENT MANAGEMENT Ltd 按市值排列的前三大核心持股分别为：CLS (8.9%)、FN (6.4%)、PEGA (5.5%)。其中最大持股仓位 CLS 占据整体投资组合约 8.9% 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
DOCN
市值: US$970.8万
本季最大获利了结 / 清仓标的
AVDX
前期市值: US$497.5万
在 Q4 2025 季度中，HERALD INVESTMENT MANAGEMENT Ltd 共进行了 39 项持仓异动，包含新建仓 7 个仓位、加仓 15 个仓位、减仓 13 个仓位以及清仓 4 个仓位。 其中最大新建仓标的为 DOCN。 本季清仓仓位包含 AVDX。
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。