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: 0001632551
申報總市值
US$1.6億
US$1.6億
108 檔
4.9%
Bayesian Capital Management, LP 在 Q4 2025 季度的美股部位總計估值為 US$1.6億，分散於 108 個持倉標的之中，反映其市場參與廣度與投資規模。
從 Q4 2025 申報觀察，Bayesian Capital Management, LP 採取防禦導向的調倉策略，本季減碼 14 檔個股並出清 179 檔部位，顯示機構在該時期進行風險控制與流動性回收。
在資產配置集中度方面，Bayesian Capital Management, LP 的前 5 大核心持股（包含 MSFT, NVDA, TSM 等）合計佔整體申報市值的 4.9%，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 | MSFT | Microsoft CORP | 股票-科技 | 4.69% | +0.52% | -65.29% | |
| 2 | NVDA | Nvidia CORP | 股票-科技 | 3.67% | +3.99% | NEW | |
| 3 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 3.58% | — | +295.46% | |
| 4 | JPM | Jpmorgan Chase & Co | 股票-金融 | 2.95% | +0.61% | NEW | |
| 5 | NFLX | Netflix Inc | 股票-通訊服務 | 2.81% | -0.95% | EXIT | |
| 6 | DXCM | Dexcom Inc | 股票-醫療保健 | 2.19% | — | +52.99% | |
| 7 | MCHP | Microchip Technology Inc | 股票-科技 | 2.15% | — | — | |
| 8 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.13% | -3.28% | EXIT | |
| 9 | TTD | Trade Desk Inc/the -class A | 股票-通訊服務 | 2.00% | -0.33% | — | |
| 10 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 1.97% | +1.13% | NEW | |
| 11 | MDLZ | Mondelez International Inc-a | 股票-非循環性消費 | 1.94% | — | — | |
| 12 | DIS | Walt Disney Co/the | 股票-通訊服務 | 1.75% | — | -77.06% | |
| 13 | ABT | Abbott Laboratories | 股票-醫療保健 | 1.75% | — | — | |
| 14 | COO | Cooper Cos Inc/the | 股票-醫療保健 | 1.69% | — | — | |
| 15 | KRE | Ss Spdr S&p Regional Bank | ETF-其他 | 1.66% | — | — | |
| 16 | EFX | Equifax Inc | 股票-工業 | 1.59% | — | — | |
| 17 | PINS | Pinterest Inc- Class A | 股票-通訊服務 | 1.58% | — | -20.83% | |
| 18 | LULU | Lululemon Athletica Inc | 股票-循環性消費 | 1.50% | -0.04% | — | |
| 19 | CARR | Carrier Global CORP | 股票-工業 | 1.39% | — | — | |
| 20 | EXK | Exact Sciences CORP | 股票-原物料 | 1.38% | — | — | |
| 21 | CVS | Cvs Health CORP | 股票-醫療保健 | 1.32% | -0.25% | EXIT | |
| 22 | PAYX | Paychex Inc | 股票-科技 | 1.30% | -0.15% | -81.98% | |
| 23 | CPRT | Copart Inc | 股票-工業 | 1.28% | — | — | |
| 24 | SDA | Sealed Air CORP | 股票-循環性消費 | 1.26% | — | -28.01% | |
| 25 | SMR | Nuscale Power CORP | 股票-工業 | 1.26% | — | — | |
| 26 | HRL | Hormel Foods CORP | 股票-非循環性消費 | 1.16% | — | — | |
| 27 | TU | Telus CORP | 股票-其他 | 1.07% | — | — | |
| 28 | FAST | Fastenal Co | 股票-工業 | 1.03% | -0.64% | EXIT | |
| 29 | BHF | Brighthouse Financial Inc | 股票-金融 | 0.96% | — | — | |
| 30 | LKQ | Lkq CORP | 股票-循環性消費 | 0.92% | — | — | |
| 31 | NLY | Annaly Capital Management In | 股票-房地產 | 0.91% | -0.55% | — | |
| 32 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 0.91% | — | -84.32% | |
| 33 | OXY | Occidental Petroleum CORP | 股票-能源 | 0.89% | -0.72% | EXIT | |
| 34 | SAP | Sap Se-sponsored Adr | 股票-科技 | 0.88% | — | — | |
| 35 | GIS | General Mills Inc | 股票-非循環性消費 | 0.86% | +0.54% | NEW | |
| 36 | FISV | Fiserv Inc | 股票-其他 | 0.86% | — | — | |
| 37 | BF-B | Brown-forman Corp-class B | 股票-其他 | 0.85% | — | -56.44% | |
| 38 | LYFT | Lyft Inc-a | 股票-科技 | 0.84% | +0.12% | NEW | |
| 39 | CHWY | Chewy Inc - Class A | 股票-循環性消費 | 0.84% | -0.73% | EXIT | |
| 40 | HAS | Hasbro Inc | 股票-循環性消費 | 0.83% | — | -76.49% | |
| 41 | MELI | Mercadolibre Inc | 股票-循環性消費 | 0.82% | — | — | |
| 42 | ACHR | Archer Aviation Inc-a | 股票-工業 | 0.78% | — | — | |
| 43 | TOST | Toast Inc-class A | 股票-科技 | 0.77% | — | — | |
| 44 | WULF | Terawulf Inc | 股票-金融 | 0.75% | +0.55% | NEW | |
| 45 | HALO | Halozyme Therapeutics Inc | 股票-醫療保健 | 0.74% | — | -86.07% | |
| 46 | XOM | Exxon Mobil CORP | 股票-能源 | 0.72% | -3.50% | EXIT | |
| 47 | CMG | Chipotle Mexican Grill Inc | 股票-循環性消費 | 0.71% | — | — | |
| 48 | TXN | Texas Instruments Inc | 股票-科技 | 0.69% | — | — | |
| 49 | BAX | Baxter International Inc | 股票-醫療保健 | 0.68% | — | -1.89% | |
| 50 | ULTA | Ulta Beauty Inc | 股票-循環性消費 | 0.67% | — | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | TSM | Taiwan Semiconductor-sp Adr | +3.5% | +295.46% | 加碼 |
| 2 | MSFT | Microsoft CORP | +3.4% | -65.29% | 減碼 |
| 3 | NFLX | Netflix Inc | +2% | +296.97% | 加碼 |
| 4 | DIS | Walt Disney Co/the | +1.1% | -77.06% | 減碼 |
| 5 | META | Meta Platforms Inc-class A | +0.9% | -82.85% | 減碼 |
| 6 | PAYX | Paychex Inc | +0.6% | -81.98% | 減碼 |
| 7 | HAS | Hasbro Inc | +0.5% | -76.49% | 減碼 |
| 8 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.4% | -84.32% | 減碼 |
| 9 | AXON | Axon Enterprise Inc | +0.4% | -68.80% | 減碼 |
| 10 | ADBE | Adobe Inc | +0.4% | -79.24% | 減碼 |
| 11 | RELY | Remitly Global Inc | +0.4% | -73.15% | 減碼 |
| 12 | GIS | General Mills Inc | +0.3% | -85.23% | 減碼 |
| 13 | COP | Conocophillips | +0.3% | -83.36% | 減碼 |
| 14 | HALO | Halozyme Therapeutics Inc | +0.2% | -86.07% | 減碼 |
| 15 | ✓ | On Holding AG | +0.2% | -88.06% | 減碼 |
| 16 | IOT | Samsara Inc-cl A | +0.1% | -88.79% | 減碼 |
| 17 | BSX | Boston Scientific CORP | — | EXIT | 清倉 |
| 18 | ACN | Accenture plc | — | EXIT | 清倉 |
| 19 | CRWV | Coreweave Inc-cl A | — | EXIT | 清倉 |
| 20 | HOOD | Robinhood Markets Inc - A | — | EXIT | 清倉 |
| 21 | EXPE | Expedia Group Inc | — | EXIT | 清倉 |
| 22 | UNH | Unitedhealth Group Inc | — | EXIT | 清倉 |
| 23 | IDXX | Idexx Laboratories Inc | — | EXIT | 清倉 |
| 24 | FFIV | F5 Inc | — | EXIT | 清倉 |
| 25 | MMM | 3m Co | — | EXIT | 清倉 |
| 26 | LVS | Las Vegas Sands CORP | — | EXIT | 清倉 |
| 27 | AAPL | Apple Inc | — | EXIT | 清倉 |
| 28 | DAL | Delta Air Lines Inc | — | EXIT | 清倉 |
| 29 | NVO | Novo-nordisk A/s-spons Adr | — | EXIT | 清倉 |
| 30 | OKTA | Okta Inc | — | EXIT | 清倉 |
| 31 | MCD | Mcdonald's CORP | — | EXIT | 清倉 |
| 32 | FERG | Ferguson Enterprises Inc | — | EXIT | 清倉 |
| 33 | ABBV | Abbvie Inc | — | EXIT | 清倉 |
| 34 | EW | Edwards Lifesciences CORP | — | EXIT | 清倉 |
| 35 | APD | Air Products & Chemicals Inc | — | EXIT | 清倉 |
| 36 | SBUX | Starbucks CORP | — | EXIT | 清倉 |
| 37 | KDP | Keurig Dr Pepper Inc | — | EXIT | 清倉 |
| 38 | CIEN | Ciena CORP | — | EXIT | 清倉 |
| 39 | CCI | Crown Castle Inc | — | EXIT | 清倉 |
| 40 | XYL | Xylem Inc | — | EXIT | 清倉 |
| 41 | AVGO | Broadcom Inc | — | EXIT | 清倉 |
| 42 | FTV | Fortive CORP | — | EXIT | 清倉 |
| 43 | DECK | Deckers Outdoor CORP | — | EXIT | 清倉 |
| 44 | NTRA | Natera Inc | — | EXIT | 清倉 |
| 45 | FSLR | First Solar Inc | — | EXIT | 清倉 |
| 46 | CTSH | Cognizant Tech Solutions-a | — | EXIT | 清倉 |
| 47 | FCX | Freeport-mcmoran Inc | — | EXIT | 清倉 |
| 48 | SPGI | S&p Global Inc | — | EXIT | 清倉 |
| 49 | JNJ | Johnson & Johnson | — | EXIT | 清倉 |
| 50 | TJX | Tjx Companies Inc | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Bayesian Capital Management, LP 在 Q4 2025 季度的美股持倉總市值約為 US$1.6億，共申報了 108 個公開持股部位。
在 Q4 2025 季度，Bayesian Capital Management, LP 按市值排列的前三大核心持股分別為：MSFT (4.7%)、NVDA (3.7%)、TSM (3.6%)。其中最大持股部位 MSFT 佔據整體投資組合約 4.7% 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
JPM
市值: US$128.9萬
本季最大獲利了結 / 清倉標的
BSX
前期市值: US$538.9萬
在 Q4 2025 季度中，Bayesian Capital Management, LP 共進行了 200 項持倉異動，包含新建倉 5 個部位、加碼 2 個部位、減碼 14 個部位以及清倉 179 個部位。 其中最大新建倉標的為 JPM。 本季清倉部位包含 BSX。
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。