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。
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CIK: 0002029917
申報總市值
US$125.6億
US$125.6億
66 檔
47.0%
在 Q4 2025 申報期間，ADAPT Investment Managers SA（CIK: 0002029917）向美國 SEC 提交的 Form 13F 報告顯示，其追蹤之股票投資組合總市值達 US$125.6億，共持有 66 個公開申報部位。
Q4 2025 數據顯示 ADAPT Investment Managers SA 積極進場，新開立 16 個部位並同步加碼 31 檔個股，反映機構在該季度的資金注入與籌碼積累。
在資產配置集中度方面，ADAPT Investment Managers SA 的前 5 大核心持股（包含 NVDA, HYG, TSLA 等）合計佔整體申報市值的 47.0%，反映機構在主要關鍵部位上的權重分佈。
| # | 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 | 13.58% | -3.36% | +4.98% | |
| 2 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-非投資等級債 | 9.50% | -1.81% | +100.00% | |
| 3 | TSLA | Tesla Inc | 股票-循環性消費 | 7.97% | -6.09% | -18.72% | |
| 4 | AAPL | Apple Inc | 股票-科技 | 6.61% | -1.95% | +27.13% | |
| 5 | AMD | Advanced Micro Devices | 股票-科技 | 5.79% | +11.66% | +16.83% | |
| 6 | FXI | Ishares China Large-cap ETF | ETF-新興市場 | 4.36% | +0.01% | NEW | |
| 7 | XLK | Ss Technology Select Sector | ETF-科技型 | 4.24% | -0.96% | — | |
| 8 | AVGO | Broadcom Inc | 股票-科技 | 3.45% | +2.04% | +7.35% | |
| 9 | MU | Micron Technology Inc | 股票-科技 | 3.15% | +3.51% | -32.85% | |
| 10 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.79% | -1.80% | +7.05% | |
| 11 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.58% | -1.28% | +32.83% | |
| 12 | MSFT | Microsoft CORP | 股票-科技 | 2.24% | +0.72% | -49.64% | |
| 13 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 2.24% | -0.63% | +15.99% | |
| 14 | MRVL | Marvell Technology Inc | 股票-科技 | 1.94% | -0.36% | +14.74% | |
| 15 | ORCL | Oracle CORP | 股票-科技 | 1.79% | -1.57% | — | |
| 16 | DELL | Dell Technologies -c | 股票-科技 | 1.71% | +1.86% | +5.71% | |
| 17 | COIN | Coinbase Global Inc -class A | 股票-金融 | 1.40% | — | +14.26% | |
| 18 | XOM | Exxon Mobil CORP | 股票-能源 | 1.33% | -0.97% | +35.60% | |
| 19 | TXN | Texas Instruments Inc | 股票-科技 | 1.31% | -0.67% | +125.80% | |
| 20 | EEM | Ishares Msci Emerging Market | ETF-新興市場 | 1.21% | +3.40% | — | |
| 21 | TFC | Truist Financial CORP | 股票-金融 | 0.91% | — | +150.00% | |
| 22 | BAC | Bank Of America CORP | 股票-金融 | 0.85% | -0.20% | +214.85% | |
| 23 | AMGN | Amgen Inc | 股票-醫療保健 | 0.84% | — | +75.00% | |
| 24 | ZS | Zscaler Inc | 股票-科技 | 0.77% | -0.15% | -15.92% | |
| 25 | KRE | Ss Spdr S&p Regional Bank | ETF-其他 | 0.72% | — | +87.07% | |
| 26 | FCX | Freeport-mcmoran Inc | 股票-原物料 | 0.71% | — | +133.29% | |
| 27 | ADSK | Autodesk Inc | 股票-科技 | 0.67% | -0.20% | +19.49% | |
| 28 | LVS | Las Vegas Sands CORP | 股票-循環性消費 | 0.65% | — | — | |
| 29 | IBM | Intl Business Machines CORP | 股票-科技 | 0.65% | +0.37% | — | |
| 30 | ISRG | Intuitive Surgical Inc | 股票-醫療保健 | 0.63% | — | — | |
| 31 | OKTA | Okta Inc | 股票-科技 | 0.59% | +0.41% | +7.82% | |
| 32 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.58% | +1.56% | NEW | |
| 33 | ROKU | Roku Inc | 股票-通訊服務 | 0.56% | — | — | |
| 34 | INTC | Intel CORP | 股票-科技 | 0.54% | +1.33% | NEW | |
| 35 | C | Citigroup Inc | 股票-金融 | 0.52% | -0.10% | — | |
| 36 | VZ | Verizon Communications Inc | 股票-通訊服務 | 0.51% | -0.26% | +124.87% | |
| 37 | INTU | Intuit Inc | 股票-科技 | 0.50% | — | +10.29% | |
| 38 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.49% | -0.37% | -0.32% | |
| 39 | RBLX | Roblox CORP -class A | 股票-通訊服務 | 0.48% | — | — | |
| 40 | LRCX | Lam Research CORP | 股票-科技 | 0.47% | -1.06% | EXIT | |
| 41 | CCL1EUR | Carnival CORP LTD | 股票-循環性消費 | 0.46% | — | +20.59% | |
| 42 | DDOG | Datadog Inc - Class A | 股票-科技 | 0.46% | — | — | |
| 43 | LOW | Lowe's Cos Inc | 股票-循環性消費 | 0.46% | — | +13.34% | |
| 44 | HD | Home Depot Inc | 股票-循環性消費 | 0.44% | — | +38.93% | |
| 45 | ANET | Arista Networks Inc | 股票-科技 | 0.41% | — | -51.43% | |
| 46 | GLD | Spdr Gold Shares | ETF-避險與商品 | 0.41% | -0.02% | — | |
| 47 | XYZ | Block Inc | 股票-金融 | 0.41% | -0.02% | -3.10% | |
| 48 | M | Macy's, Inc. | 股票-循環性消費 | 0.41% | — | — | |
| 49 | RTX | Rtx CORP | 股票-工業 | 0.40% | — | — | |
| 50 | QCOM | Qualcomm Inc | 股票-科技 | 0.38% | +0.30% | -57.14% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | +3.4% | +100.00% | 加碼 |
| 2 | AMD | Advanced Micro Devices | +1% | +16.83% | 加碼 |
| 3 | TXN | Texas Instruments Inc | +0.5% | +125.80% | 加碼 |
| 4 | BAC | Bank Of America CORP | +0.5% | +214.85% | 加碼 |
| 5 | TFC | Truist Financial CORP | +0.5% | +150.00% | 加碼 |
| 6 | FCX | Freeport-mcmoran Inc | +0.4% | +133.29% | 加碼 |
| 7 | AAPL | Apple Inc | +0.4% | +27.13% | 加碼 |
| 8 | GOOG | Alphabet Inc-cl C | +0.4% | +150.00% | 加碼 |
| 9 | AMGN | Amgen Inc | +0.3% | +75.00% | 加碼 |
| 10 | FXI | Ishares China Large-cap ETF | +0.3% | +47.27% | 加碼 |
| 11 | KRE | Ss Spdr S&p Regional Bank | +0.2% | +87.07% | 加碼 |
| 12 | AMZN | Amazon.com Inc | +0.2% | +32.83% | 加碼 |
| 13 | VZ | Verizon Communications Inc | +0.2% | +124.87% | 加碼 |
| 14 | SMH | Vaneck Semiconductor ETF | +0.2% | +217.25% | 加碼 |
| 15 | XOM | Exxon Mobil CORP | +0.2% | +35.60% | 加碼 |
| 16 | LLY | Eli Lilly & Co | 0% | -0.32% | 減碼 |
| 17 | CCL1EUR | Carnival CORP LTD | — | +20.59% | 加碼 |
| 18 | DLTR | Dollar Tree Inc | — | -0.53% | 減碼 |
| 19 | M | Macy's, Inc. | 0% | — | 不變 |
| 20 | NFLX | Netflix Inc | 0% | +900.00% | 加碼 |
| 21 | HD | Home Depot Inc | 0% | +38.93% | 加碼 |
| 22 | NKE | Nike Inc -cl B | 0% | +22.78% | 加碼 |
| 23 | USB | US Bancorp | 0% | — | 不變 |
| 24 | RCL | Royal Caribbean Cruises Ltd. | 0% | — | 不變 |
| 25 | C | Citigroup Inc | -0.1% | — | 不變 |
| 26 | LEN | Lennar Corp-a | -0.1% | +38.05% | 加碼 |
| 27 | LOW | Lowe's Cos Inc | -0.1% | +13.34% | 加碼 |
| 28 | ADSK | Autodesk Inc | -0.1% | +19.49% | 加碼 |
| 29 | PFE | Pfizer Inc | -0.1% | — | 不變 |
| 30 | ROKU | Roku Inc | -0.1% | — | 不變 |
| 31 | INTU | Intuit Inc | -0.1% | +10.29% | 加碼 |
| 32 | OKTA | Okta Inc | -0.2% | +7.82% | 加碼 |
| 33 | XYZ | Block Inc | -0.2% | -3.10% | 減碼 |
| 34 | MRVL | Marvell Technology Inc | -0.2% | +14.74% | 加碼 |
| 35 | INTC | Intel CORP | -0.3% | -20.00% | 減碼 |
| 36 | PLTR | Palantir Technologies Inc-a | -0.3% | +15.99% | 加碼 |
| 37 | MU | Micron Technology Inc | -0.4% | -32.85% | 減碼 |
| 38 | AVGO | Broadcom Inc | -0.5% | +7.35% | 加碼 |
| 39 | TTD | Trade Desk Inc/the -class A | -0.5% | -52.25% | 減碼 |
| 40 | AMAT | Applied Materials Inc | -0.5% | -70.62% | 減碼 |
| 41 | RBLX | Roblox CORP -class A | -0.6% | — | 不變 |
| 42 | DELL | Dell Technologies -c | -0.6% | +5.71% | 加碼 |
| 43 | QCOM | Qualcomm Inc | -0.7% | -57.14% | 減碼 |
| 44 | ZS | Zscaler Inc | -0.8% | -15.92% | 減碼 |
| 45 | ANET | Arista Networks Inc | -0.8% | -51.43% | 減碼 |
| 46 | META | Meta Platforms Inc-class A | -0.9% | +7.05% | 加碼 |
| 47 | COIN | Coinbase Global Inc -class A | -0.9% | +14.26% | 加碼 |
| 48 | NVDA | Nvidia CORP | -3% | +4.98% | 加碼 |
| 49 | MSFT | Microsoft CORP | -3.9% | -49.64% | 減碼 |
| 50 | TSLA | Tesla Inc | -4.4% | -18.72% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，ADAPT Investment Managers SA 在 Q4 2025 季度的美股持倉總市值約為 US$125.6億，共申報了 66 個公開持股部位。
在 Q4 2025 季度，ADAPT Investment Managers SA 按市值排列的前三大核心持股分別為：NVDA (13.6%)、HYG (9.5%)、TSLA (8.0%)。其中最大持股部位 NVDA 佔據整體投資組合約 13.6% 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
XLK
市值: US$5.8億
本季最大獲利了結 / 清倉標的
CSCO
前期市值: US$4105.2萬
在 Q4 2025 季度中，ADAPT Investment Managers SA 共進行了 63 項持倉異動，包含新建倉 16 個部位、加碼 31 個部位、減碼 12 個部位以及清倉 4 個部位。 其中最大新建倉標的為 XLK。 本季清倉部位包含 CSCO。
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。