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
50 檔
30.9%
在 Q4 2025 的 13F 官方備案中，Atreides Management, LP 管理的美股投資組合規模來到 US$143.4億，整體持股檔數為 50 檔。
Q4 2025 數據顯示 Atreides Management, LP 積極進場，新開立 9 個部位並同步加碼 32 檔個股，反映機構在該季度的資金注入與籌碼積累。
從部位權重觀察，前 5 大標的（包含 QQQ, NVDA, U）累計市值佔比達 30.9%，是驅動 Atreides Management, LP 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 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 26.27% | +0.29% | +75.00% | |
| 2 | NVDA | Nvidia CORP | 股票-科技 | 12.36% | -2.61% | +843.97% | |
| 3 | U | Unity Software Inc | 股票-科技 | 5.57% | -4.05% | +68.95% | |
| 4 | MU | Micron Technology Inc | 股票-科技 | 5.02% | +0.59% | +98.48% | |
| 5 | COHR | Coherent CORP | 股票-科技 | 4.82% | -1.24% | +133.67% | |
| 6 | P | Everpure Inc-a | 股票-科技 | 4.65% | — | +38.53% | |
| 7 | CIEN | Ciena CORP | 股票-科技 | 4.08% | -2.89% | +1.96% | |
| 8 | ALAB | Astera Labs Inc | 股票-科技 | 3.28% | -3.27% | +2496.61% | |
| 9 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.97% | -1.97% | -6.53% | |
| 10 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.94% | -2.36% | +4.39% | |
| 11 | GTLB | Gitlab Inc-cl A | 股票-科技 | 1.92% | +0.72% | NEW | |
| 12 | LITE | Lumentum Holdings Inc | 股票-科技 | 1.72% | -3.76% | EXIT | |
| 13 | WIX | Wix.com Ltd. | 股票-科技 | 1.58% | -0.71% | — | |
| 14 | SNOW | Snowflake Inc | 股票-科技 | 1.28% | -0.44% | EXIT | |
| 15 | AFRM | Affirm Holdings Inc | 股票-金融 | 1.26% | -0.37% | +566.14% | |
| 16 | TWLO | Twilio Inc - A | 股票-科技 | 1.25% | -1.28% | -25.76% | |
| 17 | ACVA | Acv Auctions Inc-a | 股票-其他 | 1.22% | -0.33% | +125.23% | |
| 18 | ECHO | Echostar Corp-a | 股票-通訊服務 | 1.20% | -2.34% | EXIT | |
| 19 | DKS | Dick's Sporting Goods Inc | 股票-循環性消費 | 1.19% | -1.20% | +1.96% | |
| 20 | WING | Wingstop Inc | 股票-循環性消費 | 1.14% | -0.84% | EXIT | |
| 21 | COMP | Compass Inc - Class A | 股票-房地產 | 1.13% | -0.32% | — | |
| 22 | MSFT | Microsoft CORP | 股票-科技 | 1.07% | — | — | |
| 23 | W | Wayfair Inc- Class A | 股票-循環性消費 | 1.07% | -1.61% | +1.93% | |
| 24 | TTAN | Servicetitan Inc-a | 股票-科技 | 1.03% | +0.27% | NEW | |
| 25 | TSLA | Tesla Inc | 股票-循環性消費 | 1.02% | -0.89% | -9.94% | |
| 26 | RKT | Rocket Cos Inc-class A | 股票-金融 | 0.85% | -1.74% | EXIT | |
| 27 | RBRK | Rubrik Inc-a | 股票-科技 | 0.84% | -0.55% | EXIT | |
| 28 | PM | Philip Morris International | 股票-非循環性消費 | 0.80% | — | +45.38% | |
| 29 | TEAM | Atlassian Corp-cl A | 股票-科技 | 0.79% | — | +30.47% | |
| 30 | AXON | Axon Enterprise Inc | 股票-工業 | 0.73% | -0.87% | EXIT | |
| 31 | NU | Nu Holdings Ltd. | 股票-金融 | 0.67% | — | +30.43% | |
| 32 | SMTC | Semtech CORP | 股票-科技 | 0.62% | -0.21% | +1.98% | |
| 33 | RL | Ralph Lauren CORP | 股票-循環性消費 | 0.55% | -0.89% | EXIT | |
| 34 | CRWV | Coreweave Inc-cl A | 股票-科技 | 0.53% | +0.22% | +863.55% | |
| 35 | FERG | Ferguson Enterprises Inc | 股票-工業 | 0.48% | -0.44% | -20.08% | |
| 36 | AZO | Autozone Inc | 股票-循環性消費 | 0.48% | — | +6.33% | |
| 37 | CHYM | Chime Financial Inc-cl A | 股票-其他 | 0.46% | -0.61% | EXIT | |
| 38 | SE | Sea Ltd-adr | 股票-通訊服務 | 0.43% | — | +1.95% | |
| 39 | RBLX | Roblox CORP -class A | 股票-通訊服務 | 0.39% | -2.70% | EXIT | |
| 40 | AMSC | American Superconductor CORP | 股票-其他 | 0.37% | — | +35.35% | |
| 41 | MA | Mastercard Inc - A | 股票-金融 | 0.32% | -0.16% | +1.97% | |
| 42 | FROG | JFrog Ltd. | 股票-科技 | 0.31% | -0.52% | EXIT | |
| 43 | GNRC | Generac Holdings Inc | 股票-工業 | 0.30% | — | — | |
| 44 | AMBQ | Ambiq Micro Inc | 股票-其他 | 0.24% | +0.10% | +1.77% | |
| 45 | INTC | Intel CORP | 股票-科技 | 0.22% | +0.07% | -81.47% | |
| 46 | ROG | Rogers CORP | 股票-其他 | 0.19% | -0.18% | +1.77% | |
| 47 | PFGC | Performance Food Group Co | 股票-非循環性消費 | 0.14% | — | — | |
| 48 | MELI | Mercadolibre Inc | 股票-循環性消費 | 0.11% | — | -23.66% | |
| 49 | WRBY | Warby Parker Inc-class A | 股票-其他 | 0.10% | -0.14% | — | |
| 50 | TBLA | Taboola.com Ltd. | 股票-其他 | 0.04% | -0.02% | +1.82% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +10.3% | +843.97% | 加碼 |
| 2 | ALAB | Astera Labs Inc | +3% | +2496.61% | 加碼 |
| 3 | COHR | Coherent CORP | +2.9% | +133.67% | 加碼 |
| 4 | QQQ | Invesco Qqq Trust Series 1 | +2.9% | +75.00% | 加碼 |
| 5 | MU | Micron Technology Inc | +2.7% | +98.48% | 加碼 |
| 6 | AFRM | Affirm Holdings Inc | +1% | +566.14% | 加碼 |
| 7 | U | Unity Software Inc | +0.8% | +68.95% | 加碼 |
| 8 | RKT | Rocket Cos Inc-class A | +0.5% | +260.02% | 加碼 |
| 9 | CRWV | Coreweave Inc-cl A | +0.4% | +863.55% | 加碼 |
| 10 | AXON | Axon Enterprise Inc | +0.2% | +189.27% | 加碼 |
| 11 | ACVA | Acv Auctions Inc-a | +0.2% | +125.23% | 加碼 |
| 12 | CIEN | Ciena CORP | +0.1% | +1.96% | 加碼 |
| 13 | TBLA | Taboola.com Ltd. | 0% | +1.82% | 加碼 |
| 14 | FROG | JFrog Ltd. | -0.1% | +1.77% | 加碼 |
| 15 | ROG | Rogers CORP | -0.1% | +1.77% | 加碼 |
| 16 | PM | Philip Morris International | -0.1% | +45.38% | 加碼 |
| 17 | NU | Nu Holdings Ltd. | -0.1% | +30.43% | 加碼 |
| 18 | TEAM | Atlassian Corp-cl A | -0.2% | +30.47% | 加碼 |
| 19 | MELI | Mercadolibre Inc | -0.2% | -23.66% | 減碼 |
| 20 | AMBQ | Ambiq Micro Inc | -0.2% | +1.77% | 加碼 |
| 21 | MA | Mastercard Inc - A | -0.2% | +1.97% | 加碼 |
| 22 | TTAN | Servicetitan Inc-a | -0.2% | +26.54% | 加碼 |
| 23 | RL | Ralph Lauren CORP | -0.2% | +1.97% | 加碼 |
| 24 | SMTC | Semtech CORP | -0.3% | +1.98% | 加碼 |
| 25 | LITE | Lumentum Holdings Inc | -0.4% | -41.73% | 減碼 |
| 26 | RBRK | Rubrik Inc-a | -0.4% | +18.90% | 加碼 |
| 27 | W | Wayfair Inc- Class A | -0.4% | +1.93% | 加碼 |
| 28 | AZO | Autozone Inc | -0.4% | +6.33% | 加碼 |
| 29 | FERG | Ferguson Enterprises Inc | -0.5% | -20.08% | 減碼 |
| 30 | SE | Sea Ltd-adr | -0.5% | +1.95% | 加碼 |
| 31 | AMSC | American Superconductor CORP | -0.5% | +35.35% | 加碼 |
| 32 | TWLO | Twilio Inc - A | -0.6% | -25.76% | 減碼 |
| 33 | GOOGL | Alphabet Inc-cl A | -0.6% | -6.53% | 減碼 |
| 34 | TSLA | Tesla Inc | -0.8% | -9.94% | 減碼 |
| 35 | SNOW | Snowflake Inc | -0.8% | +1.96% | 加碼 |
| 36 | AMZN | Amazon.com Inc | -0.9% | +4.39% | 加碼 |
| 37 | DKS | Dick's Sporting Goods Inc | -0.9% | +1.96% | 加碼 |
| 38 | INTC | Intel CORP | -1.5% | -81.47% | 減碼 |
| 39 | RBLX | Roblox CORP -class A | -1.6% | -47.14% | 減碼 |
| 40 | P | Everpure Inc-a | -2% | +38.53% | 加碼 |
| 41 | GTLB | Gitlab Inc-cl A | -2.9% | -23.64% | 減碼 |
| 42 | WIX | Wix.com Ltd. | — | NEW | 新建倉 |
| 43 | DECK | Deckers Outdoor CORP | — | EXIT | 清倉 |
| 44 | HUBS | Hubspot Inc | — | EXIT | 清倉 |
| 45 | ECHO | Echostar Corp-a | — | NEW | 新建倉 |
| 46 | WING | Wingstop Inc | — | NEW | 新建倉 |
| 47 | INTU | Intuit Inc | — | EXIT | 清倉 |
| 48 | COMP | Compass Inc - Class A | — | NEW | 新建倉 |
| 49 | MSFT | Microsoft CORP | — | NEW | 新建倉 |
| 50 | MRVL | Marvell Technology Inc | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Atreides Management, LP 在 Q4 2025 季度的美股持倉總市值約為 US$143.4億，共申報了 50 個公開持股部位。
在 Q4 2025 季度，Atreides Management, LP 按市值排列的前三大核心持股分別為：QQQ (26.3%)、NVDA (12.4%)、U (5.6%)。其中最大持股部位 QQQ 佔據整體投資組合約 26.3% 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
WIX
市值: US$1.3億
本季最大獲利了結 / 清倉標的
DECK
前期市值: US$1.3億
在 Q4 2025 季度中，Atreides Management, LP 共進行了 67 項持倉異動，包含新建倉 9 個部位、加碼 32 個部位、減碼 9 個部位以及清倉 17 個部位。 其中最大新建倉標的為 WIX。 本季清倉部位包含 DECK。
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。