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: 0002030525
申报总市值
US$2.9亿
US$2.9亿
61 檔
50.4%
Sphera Management Technology Funds Ltd 在 Q4 2025 季度的美股仓位总计估值为 US$2.9亿，分散于 61 个持仓标的之中，反映其市场参与广度与投资规模。
Sphera Management Technology Funds Ltd 在 Q4 2025 进行了结构性的板块轮动与仓位换股。在开立 14 个全新仓位及加仓 20 档持股的同时，亦同步清仓 19 档并减仓 17 档标的。
在资产配置集中度方面，Sphera Management Technology Funds Ltd 的前 5 大核心持股（包含 QQQ, META, AMZN 等）合计占整体申报市值的 50.4%，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 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 32.50% | — | -18.42% | |
| 2 | META | Meta Platforms Inc-class A | 股票-通信服务 | 4.73% | -1.55% | +4.14% | |
| 3 | AMZN | Amazon.com Inc | 股票-周期性消费 | 4.73% | -2.08% | -12.37% | |
| 4 | MSFT | Microsoft CORP | 股票-科技 | 4.13% | -1.49% | +13.64% | |
| 5 | AVGO | Broadcom Inc | 股票-科技 | 3.18% | -0.30% | -1.28% | |
| 6 | TSLA | Tesla Inc | 股票-周期性消费 | 3.09% | -1.19% | +11.65% | |
| 7 | NVDA | Nvidia CORP | 股票-科技 | 3.07% | -2.64% | +50.61% | |
| 8 | AMD | Advanced Micro Devices | 股票-科技 | 2.92% | +1.65% | -29.82% | |
| 9 | NICE | Nice LTD - Spon Adr | 股票-科技 | 2.12% | — | +27.91% | |
| 10 | INTC | Intel CORP | 股票-科技 | 2.02% | -0.03% | -14.89% | |
| 11 | SEDG 2.25 07-01-29债券 | Solar Edge Technologies | 债券 | 1.88% | -2.68% | — | |
| 12 | GOOG | Alphabet Inc-cl C | 股票-通信服务 | 1.72% | +0.15% | +24.48% | |
| 13 | ON 0 05-01-27债券 | On Semiconductor CORP | 债券 | 1.63% | -2.90% | EXIT | |
| 14 | U | Unity Software Inc | 股票-科技 | 1.51% | — | -9.09% | |
| 15 | AMAT | Applied Materials Inc | 股票-科技 | 1.50% | -0.04% | +43.51% | |
| 16 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 1.35% | -0.80% | — | |
| 17 | PANW | Palo Alto Networks Inc | 股票-科技 | 1.28% | -0.33% | +20.00% | |
| 18 | SMWB | Similarweb Ltd. | 股票-其他 | 1.23% | +0.42% | +3.70% | |
| 19 | TWLO | Twilio Inc - A | 股票-科技 | 1.21% | -0.43% | +25.00% | |
| 20 | CRM | Salesforce Inc | 股票-科技 | 1.09% | -0.04% | +98.02% | |
| 21 | TXN | Texas Instruments Inc | 股票-科技 | 1.01% | +0.03% | +13.33% | |
| 22 | ORCL | Oracle CORP | 股票-科技 | 1.00% | -0.13% | -11.76% | |
| 23 | ENPH | Enphase Energy Inc | 股票-科技 | 0.98% | +0.58% | +125.00% | |
| 24 | S | Sentinelone Inc -class A | 股票-科技 | 0.92% | -0.29% | EXIT | |
| 25 | CAMT | Camtek Ltd. | 股票-其他 | 0.91% | -0.57% | -28.57% | |
| 26 | WIX | Wix.com Ltd. | 股票-科技 | 0.89% | -0.12% | +92.31% | |
| 27 | ADI | Analog Devices Inc | 股票-科技 | 0.85% | -0.52% | +19.48% | |
| 28 | UBER | Uber Technologies Inc | 股票-工业 | 0.84% | -0.44% | — | |
| 29 | MRVL | Marvell Technology Inc | 股票-科技 | 0.84% | — | -53.55% | |
| 30 | MDB | Mongodb Inc | 股票-科技 | 0.80% | +0.13% | — | |
| 31 | VRNS 1 09-15-29债券 | Varonis System Inc | 债券 | 0.80% | -0.49% | EXIT | |
| 32 | NOK | Nokia Corp-spon Adr | 股票-科技 | 0.71% | -0.05% | — | |
| 33 | FROG | JFrog Ltd. | 股票-科技 | 0.69% | — | -28.22% | |
| 34 | KLAC | Kla CORP | 股票-科技 | 0.68% | -1.66% | EXIT | |
| 35 | BOX 1.5 09-15-29债券 | Box Inc | 债券 | 0.67% | — | — | |
| 36 | RBRK | Rubrik Inc-a | 股票-科技 | 0.60% | +0.09% | — | |
| 37 | SNOW | Snowflake Inc | 股票-科技 | 0.53% | +0.29% | — | |
| 38 | SNOW 0 10-01-29债券 | Snowflake Inc | 债券 | 0.53% | +0.28% | NEW | |
| 39 | COHR | Coherent CORP | 股票-科技 | 0.50% | — | — | |
| 40 | LSCC | Lattice Semiconductor CORP | 股票-科技 | 0.50% | -0.21% | -33.33% | |
| 41 | CLBT | Cellebrite DI Ltd. | 股票-其他 | 0.49% | -0.12% | -52.94% | |
| 42 | NOW | Servicenow Inc | 股票-科技 | 0.48% | -0.46% | — | |
| 43 | ODD | Oddity Tech Ltd. | 股票-其他 | 0.48% | -0.08% | — | |
| 44 | TTMI | Ttm Technologies | 股票-科技 | 0.44% | -0.82% | EXIT | |
| 45 | ZETA | Zeta Global Holdings Corp-a | 股票-科技 | 0.42% | — | +20.00% | |
| 46 | SANM | Sanmina CORP | 股票-科技 | 0.41% | — | — | |
| 47 | CIEN | Ciena CORP | 股票-科技 | 0.40% | — | -73.68% | |
| 48 | BILL 0 04-01-30债券 | Bill Holdings Inc | 债券 | 0.39% | — | — | |
| 49 | VRNS | Varonis Systems Inc | 股票-科技 | 0.39% | — | +16.67% | |
| 50 | WDAY | Workday Inc-class A | 股票-科技 | 0.39% | — | -24.29% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +1.2% | +50.61% | 加仓 |
| 2 | AMAT | Applied Materials Inc | +0.7% | +43.51% | 加仓 |
| 3 | GOOG | Alphabet Inc-cl C | +0.7% | +24.48% | 加仓 |
| 4 | CRM | Salesforce Inc | +0.6% | +98.02% | 加仓 |
| 5 | TWLO | Twilio Inc - A | +0.6% | +25.00% | 加仓 |
| 6 | TSLA | Tesla Inc | +0.6% | +11.65% | 加仓 |
| 7 | MSFT | Microsoft CORP | +0.5% | +13.64% | 加仓 |
| 8 | ENPH | Enphase Energy Inc | +0.5% | +125.00% | 加仓 |
| 9 | AVGO | Broadcom Inc | +0.4% | -1.28% | 减仓 |
| 10 | ADI | Analog Devices Inc | +0.3% | +19.48% | 加仓 |
| 11 | PANW | Palo Alto Networks Inc | +0.2% | +20.00% | 加仓 |
| 12 | TTMI | Ttm Technologies | +0.2% | +24.00% | 加仓 |
| 13 | WIX | Wix.com Ltd. | +0.2% | +92.31% | 加仓 |
| 14 | NICE | Nice LTD - Spon Adr | +0.2% | +27.91% | 加仓 |
| 15 | TXN | Texas Instruments Inc | +0.1% | +13.33% | 加仓 |
| 16 | U | Unity Software Inc | +0.1% | -9.09% | 减仓 |
| 17 | COMP | Compass Inc - Class A | +0.1% | — | 不变 |
| 18 | ZETA | Zeta Global Holdings Corp-a | +0.1% | +20.00% | 加仓 |
| 19 | FSLR | First Solar Inc | +0.1% | — | 不变 |
| 20 | META | Meta Platforms Inc-class A | +0.1% | +4.14% | 加仓 |
| 21 | SPWR | Sunpower Inc | 0% | +26.07% | 加仓 |
| 22 | INTC | Intel CORP | 0% | -14.89% | 减仓 |
| 23 | BOX 1.5 09-15-29债券 | Box Inc | 0% | — | 不变 |
| 24 | PAYO | Payoneer Global Inc | 0% | +5.88% | 加仓 |
| 25 | AMD | Advanced Micro Devices | 0% | -29.82% | 减仓 |
| 26 | FROG | JFrog Ltd. | 0% | -28.22% | 减仓 |
| 27 | AMZN | Amazon.com Inc | — | -12.37% | 减仓 |
| 28 | ALGM | Allegro Microsystems Inc | 0% | — | 不变 |
| 29 | SEI | Solaris Energy Infrastructur | -0.1% | -33.33% | 减仓 |
| 30 | OSCR | Oscar Health Inc - Class A | -0.1% | — | 不变 |
| 31 | S | Sentinelone Inc -class A | -0.1% | — | 不变 |
| 32 | SEDG 2.25 07-01-29债券 | Solar Edge Technologies | -0.1% | — | 不变 |
| 33 | UBER | Uber Technologies Inc | -0.1% | — | 不变 |
| 34 | SMWB | Similarweb Ltd. | -0.1% | +3.70% | 加仓 |
| 35 | COIN | Coinbase Global Inc -class A | -0.1% | — | 不变 |
| 36 | WDAY | Workday Inc-class A | -0.1% | -24.29% | 减仓 |
| 37 | VRNS | Varonis Systems Inc | -0.2% | +16.67% | 加仓 |
| 38 | LSCC | Lattice Semiconductor CORP | -0.2% | -33.33% | 减仓 |
| 39 | ODD | Oddity Tech Ltd. | -0.2% | — | 不变 |
| 40 | CAMT | Camtek Ltd. | -0.3% | -28.57% | 减仓 |
| 41 | SEDG | Solaredge Technologies Inc | -0.3% | -40.00% | 减仓 |
| 42 | CIEN | Ciena CORP | -0.5% | -73.68% | 减仓 |
| 43 | CLBT | Cellebrite DI Ltd. | -0.5% | -52.94% | 减仓 |
| 44 | ORCL | Oracle CORP | -0.5% | -11.76% | 减仓 |
| 45 | SNOW 0 10-01-29债券 | Snowflake Inc | -0.6% | -56.52% | 减仓 |
| 46 | MRVL | Marvell Technology Inc | -0.8% | -53.55% | 减仓 |
| 47 | QQQ | Invesco Qqq Trust Series 1 | -3.4% | -18.42% | 减仓 |
| 48 | ON 0 05-01-27债券 | On Semiconductor CORP | — | NEW | 新建仓 |
| 49 | TSM | Taiwan Semiconductor-sp Adr | — | NEW | 新建仓 |
| 50 | ON 0.5 03-01-29债券 | On Semiconductor CORP | — | EXIT | 清仓 |
根据 SEC 官方 Form 13F 申报备案，Sphera Management Technology Funds Ltd 在 Q4 2025 季度的美股持仓总市值约为 US$2.9亿，共申报了 61 个公开持股仓位。
在 Q4 2025 季度，Sphera Management Technology Funds Ltd 按市值排列的前三大核心持股分别为：QQQ (32.5%)、META (4.7%)、AMZN (4.7%)。其中最大持股仓位 QQQ 占据整体投资组合约 32.5% 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
ON 0 05-01-27
市值: US$477.0万
本季最大获利了结 / 清仓标的
ON 0.5 03-01-29
前期市值: US$352.3万
在 Q4 2025 季度中，Sphera Management Technology Funds Ltd 共进行了 70 项持仓异动，包含新建仓 14 个仓位、加仓 20 个仓位、减仓 17 个仓位以及清仓 19 个仓位。 其中最大新建仓标的为 ON 0 05-01-27。 本季清仓仓位包含 ON 0.5 03-01-29。
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。