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: 0002110313
申報總市值
US$2.6億
US$2.6億
46 檔
55.1%
在 Q4 2025 的 13F 官方備案中，Altrafin AG 管理的美股投資組合規模來到 US$2.6億，整體持股檔數為 46 檔。
在 Q4 2025 期間，Altrafin AG 展現了靈活的資產再平衡步調，透過出清 5 檔弱勢或達到目標價部位，將資金轉置於 3 檔新建倉標的之中。
從部位權重觀察，前 5 大標的（包含 GOOGL, MSFT, AMZN）累計市值佔比達 55.1%，是驅動 Altrafin AG 該季度整體投資組合績效表現的核心支柱。
| # | 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 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 13.92% | -0.14% | -7.74% | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 9.34% | +0.26% | +2.73% | |
| 3 | AMZN | Amazon.com Inc | 股票-循環性消費 | 8.63% | -0.70% | +4.19% | |
| 4 | MA | Mastercard Inc - A | 股票-金融 | 7.90% | -0.87% | +34.33% | |
| 5 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 4.86% | +0.44% | -16.90% | |
| 6 | JPM | Jpmorgan Chase & Co | 股票-金融 | 4.84% | +1.06% | +2.74% | |
| 7 | SPGI | S&p Global Inc | 股票-金融 | 3.77% | -1.18% | +8.43% | |
| 8 | ACWI | Ishares Msci Acwi ETF | ETF-其他 | 3.57% | +0.79% | — | |
| 9 | AAPL | Apple Inc | 股票-科技 | 3.49% | -0.16% | +2.54% | |
| 10 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 3.43% | +0.38% | +98.52% | |
| 11 | CRWD | Crowdstrike Holdings Inc - A | 股票-科技 | 3.29% | +0.17% | -4.24% | |
| 12 | UBER | Uber Technologies Inc | 股票-工業 | 3.05% | -0.25% | +91.54% | |
| 13 | ICE | Intercontinental Exchange In | 股票-金融 | 2.95% | -0.21% | -0.30% | |
| 14 | NVO | Novo-nordisk A/s-spons Adr | 股票-醫療保健 | 2.83% | +0.42% | -29.39% | |
| 15 | NVDA | Nvidia CORP | 股票-科技 | 2.76% | +0.19% | -43.83% | |
| 16 | FTNT | Fortinet Inc | 股票-科技 | 2.60% | +0.12% | +5.36% | |
| 17 | U 0 11-15-26債券 | Unity Software Inc | 債券 | 2.05% | +0.16% | — | |
| 18 | SEALTD 0.25 09-15-26債券 | Sea LTD | 債券 | 1.81% | +0.28% | — | |
| 19 | NFLX | Netflix Inc | 股票-通訊服務 | 1.75% | -1.32% | +1228.97% | |
| 20 | MCO | Moody's CORP | 股票-金融 | 1.56% | -0.21% | -11.06% | |
| 21 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.26% | -0.86% | +5.59% | |
| 22 | CRM | Salesforce Inc | 股票-科技 | 1.13% | — | — | |
| 23 | EFX | Equifax Inc | 股票-工業 | 1.10% | -0.73% | EXIT | |
| 24 | AMD | Advanced Micro Devices | 股票-科技 | 0.91% | +0.54% | -37.84% | |
| 25 | FISV | Fiserv Inc | 股票-其他 | 0.89% | -0.03% | +9.37% | |
| 26 | INTU | Intuit Inc | 股票-科技 | 0.84% | -0.53% | EXIT | |
| 27 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 0.76% | -0.65% | EXIT | |
| 28 | FICO | Fair Isaac CORP | 股票-科技 | 0.67% | -0.46% | EXIT | |
| 29 | SHEL | Shell Plc-adr | 股票-能源 | 0.64% | -0.12% | — | |
| 30 | ASML | ASML Holding N.V. | 股票-科技 | 0.53% | -0.27% | EXIT | |
| 31 | NEE | Nextera Energy Inc | 股票-公用事業 | 0.47% | +0.04% | — | |
| 32 | ADBE | Adobe Inc | 股票-科技 | 0.44% | — | — | |
| 33 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 0.30% | -0.15% | EXIT | |
| 34 | SLRC | Slr Investment CORP | 股票-其他 | 0.25% | -0.25% | EXIT | |
| 35 | UPWK 0.25 08-15-26債券 | Upwork Inc | 債券 | 0.18% | +0.02% | — | |
| 36 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.18% | -0.22% | EXIT | |
| 37 | QCOM | Qualcomm Inc | 股票-科技 | 0.17% | — | -35.71% | |
| 38 | BA | Boeing Co/the | 股票-工業 | 0.14% | -0.07% | EXIT | |
| 39 | PEP | Pepsico Inc | 股票-非循環性消費 | 0.13% | -0.15% | EXIT | |
| 40 | FDX | Fedex CORP | 股票-工業 | 0.13% | -0.07% | EXIT | |
| 41 | SNOW | Snowflake Inc | 股票-科技 | 0.11% | +0.07% | — | |
| 42 | SE | Sea Ltd-adr | 股票-通訊服務 | 0.11% | +0.03% | -75.37% | |
| 43 | MELI | Mercadolibre Inc | 股票-循環性消費 | 0.11% | -0.22% | — | |
| 44 | TTD | Trade Desk Inc/the -class A | 股票-通訊服務 | 0.09% | — | -65.56% | |
| 45 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.08% | -0.12% | EXIT | |
| 46 | AKAM 1.125 02-15-29債券 | Akamai Technologies Inc | 債券 | — | +0.23% | +0.28% |
| # | 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 | +2.2% | -7.74% | 減碼 |
| 2 | MA | Mastercard Inc - A | +2% | +34.33% | 加碼 |
| 3 | UNH | Unitedhealth Group Inc | +1.6% | +98.52% | 加碼 |
| 4 | UBER | Uber Technologies Inc | +1.1% | +91.54% | 加碼 |
| 5 | AMZN | Amazon.com Inc | +0.8% | +4.19% | 加碼 |
| 6 | SPGI | S&p Global Inc | +0.5% | +8.43% | 加碼 |
| 7 | AAPL | Apple Inc | +0.3% | +2.54% | 加碼 |
| 8 | JPM | Jpmorgan Chase & Co | +0.2% | +2.74% | 加碼 |
| 9 | ASML | ASML Holding N.V. | +0.2% | +42.87% | 加碼 |
| 10 | FICO | Fair Isaac CORP | +0.2% | +19.01% | 加碼 |
| 11 | TMO | Thermo Fisher Scientific Inc | +0.2% | +79.22% | 加碼 |
| 12 | CRM | Salesforce Inc | +0.1% | — | 不變 |
| 13 | ACWI | Ishares Msci Acwi ETF | +0.1% | — | 不變 |
| 14 | NFLX | Netflix Inc | +0.1% | +1228.97% | 加碼 |
| 15 | NEE | Nextera Energy Inc | 0% | — | 不變 |
| 16 | FDX | Fedex CORP | 0% | — | 不變 |
| 17 | SHEL | Shell Plc-adr | 0% | — | 不變 |
| 18 | SLRC | Slr Investment CORP | 0% | +2.65% | 加碼 |
| 19 | AKAM 1.125 02-15-29債券 | Akamai Technologies Inc | 0% | +0.28% | 加碼 |
| 20 | ADBE | Adobe Inc | — | — | 不變 |
| 21 | PEP | Pepsico Inc | — | — | 不變 |
| 22 | MELI | Mercadolibre Inc | 0% | — | 不變 |
| 23 | FTNT | Fortinet Inc | 0% | +5.36% | 加碼 |
| 24 | SNOW | Snowflake Inc | 0% | — | 不變 |
| 25 | COST | Costco Wholesale CORP | 0% | -4.39% | 減碼 |
| 26 | PLTR | Palantir Technologies Inc-a | -0.1% | -46.30% | 減碼 |
| 27 | META | Meta Platforms Inc-class A | -0.1% | +5.59% | 加碼 |
| 28 | MCO | Moody's CORP | -0.1% | -11.06% | 減碼 |
| 29 | QCOM | Qualcomm Inc | -0.1% | -35.71% | 減碼 |
| 30 | EFX | Equifax Inc | -0.1% | +5.45% | 加碼 |
| 31 | ICE | Intercontinental Exchange In | -0.1% | -0.30% | 減碼 |
| 32 | AMD | Advanced Micro Devices | -0.2% | -37.84% | 減碼 |
| 33 | TTD | Trade Desk Inc/the -class A | -0.2% | -65.56% | 減碼 |
| 34 | CRWD | Crowdstrike Holdings Inc - A | -0.3% | -4.24% | 減碼 |
| 35 | MSFT | Microsoft CORP | -0.4% | +2.73% | 加碼 |
| 36 | TSM | Taiwan Semiconductor-sp Adr | -0.5% | -16.90% | 減碼 |
| 37 | SE | Sea Ltd-adr | -0.5% | -75.37% | 減碼 |
| 38 | FISV | Fiserv Inc | -0.7% | +9.37% | 加碼 |
| 39 | INTU | Intuit Inc | -1.1% | -54.70% | 減碼 |
| 40 | BKNG | Booking Holdings Inc | -1.2% | -60.37% | 減碼 |
| 41 | NVO | Novo-nordisk A/s-spons Adr | -1.5% | -29.39% | 減碼 |
| 42 | NVDA | Nvidia CORP | -2.2% | -43.83% | 減碼 |
| 43 | PYPL | Paypal Holdings Inc | — | EXIT | 清倉 |
| 44 | U 0 11-15-26債券 | Unity Software Inc | — | NEW | 新建倉 |
| 45 | SEALTD 0.25 09-15-26債券 | Sea LTD | — | NEW | 新建倉 |
| 46 | MRVL | Marvell Technology Inc | — | EXIT | 清倉 |
| 47 | NET | Cloudflare Inc - Class A | — | EXIT | 清倉 |
| 48 | UPWK 0.25 08-15-26債券 | Upwork Inc | — | NEW | 新建倉 |
| 49 | CRWV | Coreweave Inc-cl A | — | EXIT | 清倉 |
| 50 | DNUT | Krispy Kreme Inc | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Altrafin AG 在 Q4 2025 季度的美股持倉總市值約為 US$2.6億，共申報了 46 個公開持股部位。
在 Q4 2025 季度，Altrafin AG 按市值排列的前三大核心持股分別為：GOOGL (13.9%)、MSFT (9.3%)、AMZN (8.6%)。其中最大持股部位 GOOGL 佔據整體投資組合約 13.9% 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
U 0 11-15-26
市值: US$646.6萬
本季最大獲利了結 / 清倉標的
PYPL
前期市值: US$919.1萬
在 Q4 2025 季度中，Altrafin AG 共進行了 41 項持倉異動，包含新建倉 3 個部位、加碼 18 個部位、減碼 15 個部位以及清倉 5 個部位。 其中最大新建倉標的為 U 0 11-15-26。 本季清倉部位包含 PYPL。
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。