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: 0001777813
申報總市值
US$143.4億
US$143.4億
58 檔
15.6%
截至 Q3 2025 季度末，Atreides Management, LP 的美股持倉估值約為 US$143.4億，全數申報部位共有 58 檔。
在 Q3 2025，Atreides Management, LP 操作展現出積極擴展與加碼意向。本季共新建倉 28 個新部位，並對 8 個既有持股進行加碼（合計增持 36 檔），相較減碼與清倉部位顯著佔優。
檢視投資組合結構，前 5 大主力部位（包含 QQQ, P, GTLB）占據了總市值的 15.6%，展現出該機構在 Q3 2025 的重點資金聚焦與風險分佈特徵。
本季最大新建倉標的
QQQ
市值: US$12.0億
本季最大獲利了結 / 清倉標的
SMH
前期市值: US$2.1億
| # | 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 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 23.38% | +0.29% | — | |
| 2 | P | Everpure Inc-a | 股票-科技 | 6.69% | — | +15.37% | |
| 3 | GTLB | Gitlab Inc-cl A | 股票-科技 | 4.80% | +0.72% | NEW | |
| 4 | U | Unity Software Inc | 股票-科技 | 4.77% | -4.05% | -0.97% | |
| 5 | CIEN | Ciena CORP | 股票-科技 | 3.97% | -2.89% | +10.92% | |
| 6 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.82% | -2.36% | -8.29% | |
| 7 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 2.61% | -1.97% | -42.13% | |
| 8 | DECK | Deckers Outdoor CORP | 股票-循環性消費 | 2.47% | — | +46.75% | |
| 9 | MU | Micron Technology Inc | 股票-科技 | 2.36% | +0.59% | +928.63% | |
| 10 | HUBS | Hubspot Inc | 股票-科技 | 2.22% | -1.13% | EXIT | |
| 11 | NVDA | Nvidia CORP | 股票-科技 | 2.09% | -2.61% | -16.68% | |
| 12 | DKS | Dick's Sporting Goods Inc | 股票-循環性消費 | 2.08% | -1.20% | -44.87% | |
| 13 | LITE | Lumentum Holdings Inc | 股票-科技 | 2.08% | -3.76% | EXIT | |
| 14 | SNOW | Snowflake Inc | 股票-科技 | 2.06% | -0.44% | EXIT | |
| 15 | RBLX | Roblox CORP -class A | 股票-通訊服務 | 1.99% | -2.70% | EXIT | |
| 16 | COHR | Coherent CORP | 股票-科技 | 1.92% | -1.24% | — | |
| 17 | TWLO | Twilio Inc - A | 股票-科技 | 1.88% | -1.28% | +32.24% | |
| 18 | INTU | Intuit Inc | 股票-科技 | 1.80% | — | — | |
| 19 | TSLA | Tesla Inc | 股票-循環性消費 | 1.79% | -0.89% | -35.83% | |
| 20 | INTC | Intel CORP | 股票-科技 | 1.71% | +0.07% | — | |
| 21 | MRVL | Marvell Technology Inc | 股票-科技 | 1.64% | — | — | |
| 22 | W | Wayfair Inc- Class A | 股票-循環性消費 | 1.49% | -1.61% | +17.49% | |
| 23 | ELF | Elf Beauty Inc | 股票-非循環性消費 | 1.39% | — | +8.97% | |
| 24 | TTAN | Servicetitan Inc-a | 股票-科技 | 1.23% | +0.27% | NEW | |
| 25 | RBRK | Rubrik Inc-a | 股票-科技 | 1.21% | -0.55% | EXIT | |
| 26 | AMD | Advanced Micro Devices | 股票-科技 | 1.07% | — | -80.46% | |
| 27 | ACVA | Acv Auctions Inc-a | 股票-其他 | 1.06% | -0.33% | +17.39% | |
| 28 | FERG | Ferguson Enterprises Inc | 股票-工業 | 0.97% | -0.44% | -25.28% | |
| 29 | TEAM | Atlassian Corp-cl A | 股票-科技 | 0.95% | — | — | |
| 30 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.95% | +6.30% | NEW | |
| 31 | SMTC | Semtech CORP | 股票-科技 | 0.94% | -0.21% | +2.45% | |
| 32 | SE | Sea Ltd-adr | 股票-通訊服務 | 0.94% | — | -20.79% | |
| 33 | AZO | Autozone Inc | 股票-循環性消費 | 0.91% | — | +13.13% | |
| 34 | AMSC | American Superconductor CORP | 股票-其他 | 0.89% | — | -30.15% | |
| 35 | PM | Philip Morris International | 股票-非循環性消費 | 0.88% | — | — | |
| 36 | NU | Nu Holdings Ltd. | 股票-金融 | 0.78% | — | -8.56% | |
| 37 | RL | Ralph Lauren CORP | 股票-循環性消費 | 0.76% | -0.89% | EXIT | |
| 38 | VRNS | Varonis Systems Inc | 股票-科技 | 0.74% | — | — | |
| 39 | IOT | Samsara Inc-cl A | 股票-科技 | 0.52% | +0.52% | NEW | |
| 40 | AXON | Axon Enterprise Inc | 股票-工業 | 0.51% | -0.87% | EXIT | |
| 41 | MA | Mastercard Inc - A | 股票-金融 | 0.50% | -0.16% | -30.22% | |
| 42 | AMBQ | Ambiq Micro Inc | 股票-其他 | 0.40% | +0.10% | — | |
| 43 | RKT | Rocket Cos Inc-class A | 股票-金融 | 0.38% | -1.74% | EXIT | |
| 44 | SNPS | Synopsys Inc | 股票-科技 | 0.37% | -1.09% | EXIT | |
| 45 | FROG | JFrog Ltd. | 股票-科技 | 0.37% | -0.52% | EXIT | |
| 46 | FIVN | Five9 Inc | 股票-科技 | 0.35% | — | -23.07% | |
| 47 | BLDR | Builders Firstsource Inc | 股票-工業 | 0.32% | — | -57.43% | |
| 48 | AFRM | Affirm Holdings Inc | 股票-金融 | 0.30% | -0.37% | -89.49% | |
| 49 | MELI | Mercadolibre Inc | 股票-循環性消費 | 0.27% | — | -67.10% | |
| 50 | ROG | Rogers CORP | 股票-其他 | 0.26% | -0.18% | -10.24% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | GTLB | Gitlab Inc-cl A | +4.2% | +38.90% | 加碼 |
| 2 | GOOGL | Alphabet Inc-cl A | +1.7% | -42.13% | 加碼 |
| 3 | TWLO | Twilio Inc - A | +1.5% | +32.24% | 加碼 |
| 4 | W | Wayfair Inc- Class A | +0.9% | +17.49% | 加碼 |
| 5 | AMSC | American Superconductor CORP | +0.4% | -30.15% | 減碼 |
| 6 | TSLA | Tesla Inc | +0.3% | -35.83% | 加碼 |
| 7 | JOBY | Joby Aviation, Inc. | +0.1% | -23.06% | 減碼 |
| 8 | MU | Micron Technology Inc | 0% | +928.63% | 減碼 |
| 9 | TBLA | Taboola.com Ltd. | 0% | — | 不變 |
| 10 | SONDQ | Sonder Holdings Inc | 0% | — | 不變 |
| 11 | AFRM | Affirm Holdings Inc | -0.1% | -89.49% | 減碼 |
| 12 | FIVN | Five9 Inc | -0.2% | -23.07% | 加碼 |
| 13 | RL | Ralph Lauren CORP | -0.4% | -30.22% | 減碼 |
| 14 | FERG | Ferguson Enterprises Inc | -0.4% | -25.28% | 減碼 |
| 15 | AXON | Axon Enterprise Inc | -0.5% | -30.22% | 減碼 |
| 16 | MA | Mastercard Inc - A | -0.6% | -30.22% | 減碼 |
| 17 | SNOW | Snowflake Inc | -0.6% | -10.69% | 減碼 |
| 18 | Z | Zillow Group Inc - C | -0.8% | -86.20% | 減碼 |
| 19 | U | Unity Software Inc | -0.8% | -0.97% | 減碼 |
| 20 | ACVA | Acv Auctions Inc-a | -1% | +17.39% | 加碼 |
| 21 | AMZN | Amazon.com Inc | -1.2% | -8.29% | 減碼 |
| 22 | DECK | Deckers Outdoor CORP | -1.2% | +46.75% | 加碼 |
| 23 | LITE | Lumentum Holdings Inc | -1.5% | -62.62% | 減碼 |
| 24 | RBLX | Roblox CORP -class A | -1.6% | -29.85% | 減碼 |
| 25 | SNPS | Synopsys Inc | -1.6% | — | 減碼 |
| 26 | CRWV | Coreweave Inc-cl A | -1.9% | -59.30% | 減碼 |
| 27 | META | Meta Platforms Inc-class A | -3.3% | -54.21% | 減碼 |
| 28 | AMD | Advanced Micro Devices | -8% | -80.46% | 減碼 |
| 29 | ALAB | Astera Labs Inc | -8.2% | -93.50% | 減碼 |
| 30 | NVDA | Nvidia CORP | -9.1% | -16.68% | 減碼 |
| 31 | QQQ | Invesco Qqq Trust Series 1 | — | NEW | 新建倉 |
| 32 | P | Everpure Inc-a | — | NEW | 新建倉 |
| 33 | SMH | Vaneck Semiconductor ETF | — | EXIT | 清倉 |
| 34 | CIEN | Ciena CORP | — | NEW | 新建倉 |
| 35 | MSFT | Microsoft CORP | — | EXIT | 清倉 |
| 36 | HUBS | Hubspot Inc | — | NEW | 新建倉 |
| 37 | RH | Rh | — | EXIT | 清倉 |
| 38 | DKS | Dick's Sporting Goods Inc | — | NEW | 新建倉 |
| 39 | COHR | Coherent CORP | — | NEW | 新建倉 |
| 40 | INTU | Intuit Inc | — | NEW | 新建倉 |
| 41 | INTC | Intel CORP | — | NEW | 新建倉 |
| 42 | MRVL | Marvell Technology Inc | — | NEW | 新建倉 |
| 43 | ULTA | Ulta Beauty Inc | — | EXIT | 清倉 |
| 44 | ELF | Elf Beauty Inc | — | NEW | 新建倉 |
| 45 | TTAN | Servicetitan Inc-a | — | NEW | 新建倉 |
| 46 | RBRK | Rubrik Inc-a | — | NEW | 新建倉 |
| 47 | S | Sentinelone Inc -class A | — | EXIT | 清倉 |
| 48 | TEAM | Atlassian Corp-cl A | — | NEW | 新建倉 |
| 49 | SMTC | Semtech CORP | — | NEW | 新建倉 |
| 50 | SE | Sea Ltd-adr | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Atreides Management, LP 在 Q3 2025 季度的美股持倉總市值約為 US$143.4億，共申報了 58 個公開持股部位。
在 Q3 2025 季度，Atreides Management, LP 按市值排列的前三大核心持股分別為：QQQ (23.4%)、P (6.7%)、GTLB (4.8%)。其中最大持股部位 QQQ 佔據整體投資組合約 23.4% 的權重。
在 Q3 2025 季度中，Atreides Management, LP 共進行了 68 項持倉異動，包含新建倉 28 個部位、加碼 8 個部位、減碼 20 個部位以及清倉 12 個部位。 其中最大新建倉標的為 QQQ。 本季清倉部位包含 SMH。
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。
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。
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。