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: 0001165408
申報總市值
US$713.2億
US$713.2億
905 檔
20.6%
根據最新整理的 13F 季度數據集，Adage Capital Partners Gp, L.l.c. 於 Q4 2025 結束時的管理資產規模為 US$713.2億。該機構在本季度申報了 905 檔美股持倉，呈現出該時期的主要投資地圖。
Adage Capital Partners Gp, L.l.c. 在 Q4 2025 進行了結構性的板塊輪動與部位換股。在開立 26 個全新部位及加碼 78 檔持股的同時，亦同步清倉 30 檔並減碼 66 檔標的。
檢視投資組合結構，前 5 大主力部位（包含 NVDA, AAPL, MSFT）占據了總市值的 20.6%，展現出該機構在 Q4 2025 的重點資金聚焦與風險分佈特徵。
僅顯示前 200 大持股（共 905 檔）
| # | 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 | NVDA | Nvidia CORP | 股票-科技 | 6.28% | +0.22% | -1.11% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 5.44% | +0.16% | -1.05% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 4.85% | -0.31% | -2.26% | |
| 4 | AMZN | Amazon.com Inc | 股票-循環性消費 | 3.17% | -0.01% | -2.81% | |
| 5 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 2.49% | +0.30% | -0.68% | |
| 6 | AVGO | Broadcom Inc | 股票-科技 | 2.21% | +0.26% | +0.41% | |
| 7 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.01% | -0.19% | +1.01% | |
| 8 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.98% | +0.27% | -3.30% | |
| 9 | TSLA | Tesla Inc | 股票-循環性消費 | 1.68% | +0.08% | +0.83% | |
| 10 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.35% | -0.14% | +3.15% | |
| 11 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.25% | -0.11% | -0.12% | |
| 12 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.18% | — | -0.41% | |
| 13 | COP | Conocophillips | 股票-能源 | 1.00% | -0.23% | +18.62% | |
| 14 | V | Visa Inc-class A Shares | 股票-金融 | 0.80% | +0.02% | -1.64% | |
| 15 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.69% | -0.02% | -2.33% | |
| 16 | RPRX | Royalty Pharma plc | 股票-醫療保健 | 0.69% | -0.35% | -1.88% | |
| 17 | WMT | Walmart Inc | 股票-非循環性消費 | 0.65% | -0.12% | -2.52% | |
| 18 | MA | Mastercard Inc - A | 股票-金融 | 0.63% | -0.04% | -2.15% | |
| 19 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.61% | -0.19% | -25.44% | |
| 20 | NFLX | Netflix Inc | 股票-通訊服務 | 0.57% | -0.18% | +990.37% | |
| 21 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.56% | -0.12% | -0.17% | |
| 22 | HD | Home Depot Inc | 股票-循環性消費 | 0.55% | -0.07% | -8.54% | |
| 23 | ORCL | Oracle CORP | 股票-科技 | 0.55% | -0.06% | +19.34% | |
| 24 | BAC | Bank Of America CORP | 股票-金融 | 0.54% | +0.04% | -11.09% | |
| 25 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.52% | +0.07% | -18.22% | |
| 26 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.51% | -0.09% | -0.18% | |
| 27 | BA | Boeing Co/the | 股票-工業 | 0.50% | -0.04% | +90.62% | |
| 28 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 0.49% | -0.12% | +4.69% | |
| 29 | XOM | Exxon Mobil CORP | 股票-能源 | 0.48% | -0.03% | +29.72% | |
| 30 | MU | Micron Technology Inc | 股票-科技 | 0.48% | +1.09% | -5.67% | |
| 31 | DOV | Dover CORP | 股票-工業 | 0.46% | +0.16% | -25.83% | |
| 32 | CSCO | Cisco Systems Inc | 股票-科技 | 0.46% | +0.11% | -4.71% | |
| 33 | AMD | Advanced Micro Devices | 股票-科技 | 0.45% | +0.76% | -0.13% | |
| 34 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.43% | +0.20% | +19.84% | |
| 35 | PRAX | Praxis Precision Medicines I | 股票-其他 | 0.43% | +0.07% | -59.34% | |
| 36 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.43% | -0.13% | +155.10% | |
| 37 | 260 | Centessa Pharmaceuticals-adr | 股票-其他 | 0.43% | -0.55% | EXIT | |
| 38 | CRM | Salesforce Inc | 股票-科技 | 0.42% | -0.12% | -3.19% | |
| 39 | GE | General Electric | 股票-工業 | 0.41% | +0.01% | +8.39% | |
| 40 | CVX | Chevron CORP | 股票-能源 | 0.41% | -0.40% | -45.81% | |
| 41 | IBM | Intl Business Machines CORP | 股票-科技 | 0.40% | — | -3.63% | |
| 42 | WFC | Wells Fargo & Co | 股票-金融 | 0.38% | -0.02% | -3.36% | |
| 43 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.36% | -0.06% | +7.70% | |
| 44 | ROIV | Roivant Sciences Ltd. | 股票-醫療保健 | 0.35% | -0.04% | +47.64% | |
| 45 | NSC | Norfolk Southern CORP | 股票-工業 | 0.35% | -0.04% | +52.64% | |
| 46 | PM | Philip Morris International | 股票-非循環性消費 | 0.34% | -0.01% | -0.60% | |
| 47 | 430 | Terns Pharmaceuticals Inc | 股票-其他 | 0.34% | -0.17% | EXIT | |
| 48 | DIS | Walt Disney Co/the | 股票-通訊服務 | 0.34% | -0.06% | +1.39% | |
| 49 | LRCX | Lam Research CORP | 股票-科技 | 0.33% | +0.34% | -7.56% | |
| 50 | VNOM | Viper Energy Inc-cl A | 股票-能源 | 0.33% | -0.04% | +21.87% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | GOOGL | Alphabet Inc-cl A | +0.5% | -0.68% | 減碼 |
| 2 | LLY | Eli Lilly & Co | +0.4% | +3.15% | 加碼 |
| 3 | GOOG | Alphabet Inc-cl C | +0.3% | -3.30% | 減碼 |
| 4 | 430 | Terns Pharmaceuticals Inc | +0.3% | +40.90% | 加碼 |
| 5 | MRK | Merck & Co. Inc. | +0.3% | +155.10% | 加碼 |
| 6 | PRAX | Praxis Precision Medicines I | +0.2% | -59.34% | 減碼 |
| 7 | BA | Boeing Co/the | +0.2% | +90.62% | 加碼 |
| 8 | RVMD | Revolution Medicines Inc | +0.2% | +197.08% | 加碼 |
| 9 | RNAGBP | Avidity Biosciences Inc | +0.2% | +119.25% | 加碼 |
| 10 | ROIV | Roivant Sciences Ltd. | +0.2% | +47.64% | 加碼 |
| 11 | MU | Micron Technology Inc | +0.2% | -5.67% | 減碼 |
| 12 | DXCM | Dexcom Inc | +0.1% | +666.93% | 加碼 |
| 13 | WM | Waste Management Inc | +0.1% | +66.16% | 加碼 |
| 14 | RYAN | Ryan Specialty Holdings Inc | +0.1% | +1510.00% | 加碼 |
| 15 | COP | Conocophillips | +0.1% | +18.62% | 加碼 |
| 16 | XOM | Exxon Mobil CORP | +0.1% | +29.72% | 加碼 |
| 17 | RTX | Rtx CORP | +0.1% | +42.67% | 加碼 |
| 18 | BKH | Black Hills CORP | +0.1% | +176.87% | 加碼 |
| 19 | JAZZ | Jazz Pharmaceuticals plc | +0.1% | +258.17% | 加碼 |
| 20 | TNGX | Tango Therapeutics Inc | +0.1% | +322.46% | 加碼 |
| 21 | NSC | Norfolk Southern CORP | +0.1% | +52.64% | 加碼 |
| 22 | EVRG | Evergy Inc | +0.1% | +476.60% | 加碼 |
| 23 | CI | THE Cigna Group | +0.1% | +152.39% | 加碼 |
| 24 | WBD | Warner Bros Discovery Inc | +0.1% | +74.08% | 加碼 |
| 25 | PCVX | Vaxcyte Inc | +0.1% | +418.02% | 加碼 |
| 26 | AIT | Applied Industrial Tech Inc | +0.1% | +4933.77% | 加碼 |
| 27 | AMD | Advanced Micro Devices | +0.1% | -0.13% | 減碼 |
| 28 | BSX | Boston Scientific CORP | +0.1% | +54.54% | 加碼 |
| 29 | CMI | Cummins Inc | +0.1% | +107.04% | 加碼 |
| 30 | HO1 | Hologic Inc | +0.1% | +268.75% | 加碼 |
| 31 | TMO | Thermo Fisher Scientific Inc | +0.1% | +4.69% | 加碼 |
| 32 | CAT | Caterpillar Inc | +0.1% | +17.43% | 加碼 |
| 33 | EW | Edwards Lifesciences CORP | +0.1% | +43.78% | 加碼 |
| 34 | WVE | Wave Life Sciences Ltd. | +0.1% | -32.82% | 減碼 |
| 35 | CSX | Csx CORP | +0.1% | +68.35% | 加碼 |
| 36 | DYN | Dyne Therapeutics Inc | +0.1% | +45.53% | 加碼 |
| 37 | CRH | CRH plc | +0.1% | +94.28% | 加碼 |
| 38 | DHR | Danaher CORP | +0.1% | +29.99% | 加碼 |
| 39 | PEG | Public Service Enterprise Gp | +0.1% | +256.84% | 加碼 |
| 40 | AIZ | Assurant Inc | +0.1% | +676.47% | 加碼 |
| 41 | SWK | Stanley Black & Decker Inc | +0.1% | +698.75% | 加碼 |
| 42 | ISRG | Intuitive Surgical Inc | +0.1% | +9.49% | 加碼 |
| 43 | POOL | Pool CORP | +0.1% | +254.58% | 加碼 |
| 44 | PSX | Phillips 66 | +0.1% | +88.04% | 加碼 |
| 45 | KVUE | Kenvue Inc | +0.1% | +101.58% | 加碼 |
| 46 | CRL | Charles River Laboratories | +0.1% | +131.66% | 加碼 |
| 47 | XIFR | Xplr Infrastructure LP | +0.1% | +557.14% | 加碼 |
| 48 | AAPL | Apple Inc | +0.1% | -1.05% | 減碼 |
| 49 | VNOM | Viper Energy Inc-cl A | +0.1% | +21.87% | 加碼 |
| 50 | EA | Electronic Arts Inc | +0.1% | +59.42% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Adage Capital Partners Gp, L.l.c. 在 Q4 2025 季度的美股持倉總市值約為 US$713.2億，共申報了 905 個公開持股部位。
在 Q4 2025 季度，Adage Capital Partners Gp, L.l.c. 按市值排列的前三大核心持股分別為：NVDA (6.3%)、AAPL (5.4%)、MSFT (4.8%)。其中最大持股部位 NVDA 佔據整體投資組合約 6.3% 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
D
市值: US$1.3億
本季最大獲利了結 / 清倉標的
ETNBGBP
前期市值: US$1.3億
在 Q4 2025 季度中，Adage Capital Partners Gp, L.l.c. 共進行了 200 項持倉異動，包含新建倉 26 個部位、加碼 78 個部位、減碼 66 個部位以及清倉 30 個部位。 其中最大新建倉標的為 D。 本季清倉部位包含 ETNBGBP。
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。