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: 0001719165
申報總市值
US$104.3億
US$104.3億
305 檔
13.8%
Capital Markets Trading UK LLP 在 Q4 2025 季度的美股部位總計估值為 US$104.3億，分散於 305 個持倉標的之中，反映其市場參與廣度與投資規模。
觀察 Q4 2025 的資金脈絡，Capital Markets Trading UK LLP 在獲利結算 9 檔個股的同時，將資本重新部署至 13 檔新選標的，展現主動管理機構的輪動節奏。
從部位權重觀察，前 5 大標的（包含 MSFT, MSFT, MU）累計市值佔比達 13.8%，是驅動 Capital Markets Trading UK LLP 該季度整體投資組合績效表現的核心支柱。
僅顯示前 200 大持股（共 305 檔）
| # | 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 Corporation | 股票-科技 | 6.56% | -0.66% | -11.04% | |
| 2 | MSFT | Microsoft Corporation | 股票-科技 | 5.48% | -1.93% | -20.41% | |
| 3 | MU | Micron Technology, Inc. | 股票-科技 | 3.63% | +6.33% | -12.37% | |
| 4 | AMD | Advanced Micro Devices, Inc. | 股票-科技 | 2.76% | +1.63% | +57.68% | |
| 5 | TSM | Taiwan Semiconductor Manufacturing Company Limited | 股票-科技 | 2.57% | -0.39% | +12.19% | |
| 6 | ✓ | Intel CORP | 股票-其他 | 2.44% | +2.11% | +34.42% | |
| 7 | SMHC | VanEck China Semiconductor ETF | ETF-新興市場 | 2.22% | -1.07% | +30.12% | |
| 8 | AVGO | Broadcom Inc. | 股票-科技 | 2.06% | -0.82% | -42.98% | |
| 9 | ✓ | Amazon Com Inc | 股票-其他 | 1.93% | -0.19% | +103.35% | |
| 10 | NVDA | NVIDIA Corporation | 股票-科技 | 1.69% | -0.97% | -69.83% | |
| 11 | AMZN | Amazon.com, Inc. | 股票-循環性消費 | 1.69% | -0.66% | +17.62% | |
| 12 | MU | Micron Technology, Inc. | 股票-科技 | 1.50% | +0.51% | +7.99% | |
| 13 | INTC | Intel Corporation | 股票-科技 | 1.50% | +1.01% | +11.37% | |
| 14 | ✓ | Ishares Inc | 股票-其他 | 1.34% | -0.71% | +143.06% | |
| 15 | CAT | Caterpillar Inc. | 股票-工業 | 1.22% | -0.17% | +574.42% | |
| 16 | AMD | Advanced Micro Devices, Inc. | 股票-科技 | 1.21% | -0.23% | -14.25% | |
| 17 | GOOG | Alphabet Inc. | 股票-通訊服務 | 1.19% | -0.34% | +7.50% | |
| 18 | TSLA | Tesla, Inc. | 股票-循環性消費 | 1.12% | -1.03% | -48.24% | |
| 19 | BA | The Boeing Company | 股票-工業 | 1.10% | -0.18% | -8.30% | |
| 20 | TSLA | Tesla, Inc. | 股票-循環性消費 | 1.10% | -1.51% | +97.27% | |
| 21 | SHOP | Shopify Inc. | 股票-科技 | 1.03% | -0.12% | +11.37% | |
| 22 | NIO | NIO Inc. | 股票-循環性消費 | 1.00% | -0.68% | +8.18% | |
| 23 | CAT | Caterpillar Inc. | 股票-工業 | 0.98% | +0.36% | +65.53% | |
| 24 | SNOW | Snowflake Inc. | 股票-科技 | 0.98% | +0.01% | -8.00% | |
| 25 | ✓ | Meta Platforms Inc | 股票-其他 | 0.94% | +0.04% | +4.08% | |
| 26 | TSM | Taiwan Semiconductor Manufacturing Company Limited | 股票-科技 | 0.92% | -0.10% | -36.23% | |
| 27 | SHOP | Shopify Inc. | 股票-科技 | 0.91% | -0.24% | +0.26% | |
| 28 | ✓ | Pdd Holdings Inc | 股票-其他 | 0.87% | -0.37% | +152.69% | |
| 29 | META | Meta Platforms, Inc. | 股票-通訊服務 | 0.86% | +0.13% | -14.94% | |
| 30 | VALE | Vale S.A. | 股票-原物料 | 0.86% | -0.11% | -27.82% | |
| 31 | SMHC | VanEck China Semiconductor ETF | ETF-新興市場 | 0.80% | -0.24% | -23.80% | |
| 32 | SNOW | Snowflake Inc. | 股票-科技 | 0.76% | +0.06% | -2.65% | |
| 33 | ✓ | Ishares Inc | 股票-其他 | 0.74% | -0.78% | +123.28% | |
| 34 | ORCL | Oracle Corporation | 股票-科技 | 0.72% | +0.06% | +962.76% | |
| 35 | MRVL | Marvell Technology, Inc. | 股票-科技 | 0.72% | +1.01% | -13.31% | |
| 36 | CCL | Carnival Corporation Ltd. | 股票-其他 | 0.69% | -0.31% | EXIT | |
| 37 | ✓ | Eli Lilly & Co | 股票-其他 | 0.68% | +0.09% | -3.36% | |
| 38 | ✓ | Alphabet Inc | 股票-其他 | 0.68% | -0.36% | -20.46% | |
| 39 | LULU | lululemon athletica inc. | 股票-循環性消費 | 0.64% | -0.22% | -20.48% | |
| 40 | FCX | Freeport-McMoRan Inc. | 股票-原物料 | 0.64% | -0.21% | +81.27% | |
| 41 | ✓ | American Airls Group Inc | 股票-其他 | 0.63% | -0.02% | -8.06% | |
| 42 | BA | The Boeing Company | 股票-工業 | 0.63% | +0.39% | +63.04% | |
| 43 | F | Ford Motor Company | 股票-循環性消費 | 0.62% | -0.05% | +24.78% | |
| 44 | WFC | Wells Fargo & Company | 股票-金融 | 0.62% | -0.03% | +0.55% | |
| 45 | ABNB | Airbnb, Inc. | 股票-循環性消費 | 0.61% | -0.11% | +6.57% | |
| 46 | ARM | Arm Holdings plc | 股票-科技 | 0.60% | +0.34% | +12.84% | |
| 47 | AVGO | Broadcom Inc. | 股票-科技 | 0.59% | -0.68% | -46.67% | |
| 48 | UPS | United Parcel Service, Inc. | 股票-工業 | 0.59% | -0.04% | +59.34% | |
| 49 | UNH | UnitedHealth Group Incorporated | 股票-醫療保健 | 0.56% | -0.11% | +142.05% | |
| 50 | MHK | Mohawk Industries, Inc. | 股票-循環性消費 | 0.56% | -0.04% | +44.19% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | AMD | Advanced Micro Devices, Inc. | +1.4% | +57.68% | 加碼 |
| 2 | MU | Micron Technology, Inc. | +1.2% | -12.37% | 減碼 |
| 3 | CAT | Caterpillar Inc. | +1.1% | +574.42% | 加碼 |
| 4 | ✓ | Amazon Com Inc | +1% | +103.35% | 加碼 |
| 5 | ✓ | Ishares Inc | +0.8% | +143.06% | 加碼 |
| 6 | ✓ | Intel CORP | +0.8% | +34.42% | 加碼 |
| 7 | SMHC | VanEck China Semiconductor ETF | +0.7% | +30.12% | 加碼 |
| 8 | MU | Micron Technology, Inc. | +0.7% | +7.99% | 加碼 |
| 9 | ORCL | Oracle Corporation | +0.6% | +962.76% | 加碼 |
| 10 | TSLA | Tesla, Inc. | +0.6% | +97.27% | 加碼 |
| 11 | CAT | Caterpillar Inc. | +0.5% | +65.53% | 加碼 |
| 12 | ✓ | Pdd Holdings Inc | +0.5% | +152.69% | 加碼 |
| 13 | UNH | UnitedHealth Group Incorporated | +0.5% | +579.76% | 加碼 |
| 14 | TSM | Taiwan Semiconductor Manufacturing Company Limited | +0.5% | +12.19% | 加碼 |
| 15 | ✓ | Ishares Inc | +0.4% | +123.28% | 加碼 |
| 16 | FCX | Freeport-McMoRan Inc. | +0.4% | +81.27% | 加碼 |
| 17 | GOOG | Alphabet Inc. | +0.3% | +7.50% | 加碼 |
| 18 | AMZN | Amazon.com, Inc. | +0.3% | +17.62% | 加碼 |
| 19 | UNH | UnitedHealth Group Incorporated | +0.3% | +142.05% | 加碼 |
| 20 | CSCO | Cisco Systems, Inc. | +0.3% | +287.70% | 加碼 |
| 21 | ORCL | Oracle Corporation | +0.3% | +266.07% | 加碼 |
| 22 | PANW | Palo Alto Networks, Inc. | +0.3% | +504.83% | 加碼 |
| 23 | INTC | Intel Corporation | +0.3% | +11.37% | 加碼 |
| 24 | UPS | United Parcel Service, Inc. | +0.3% | +59.34% | 加碼 |
| 25 | BA | The Boeing Company | +0.2% | +63.04% | 加碼 |
| 26 | MHK | Mohawk Industries, Inc. | +0.2% | +44.19% | 加碼 |
| 27 | PYPL | PayPal Holdings, Inc. | +0.2% | +128.14% | 加碼 |
| 28 | ✓ | Kraneshares Tr | +0.2% | +138.03% | 加碼 |
| 29 | ✓ | Eli Lilly & Co | +0.2% | -3.36% | 減碼 |
| 30 | SHOP | Shopify Inc. | +0.2% | +11.37% | 加碼 |
| 31 | UPS | United Parcel Service, Inc. | +0.2% | +37.63% | 加碼 |
| 32 | ✓ | Teva Pharmaceutical Inds LTD | +0.2% | +44.43% | 加碼 |
| 33 | F | Ford Motor Company | +0.2% | +24.78% | 加碼 |
| 34 | DAL | Delta Air Lines, Inc. | +0.2% | +21.88% | 加碼 |
| 35 | SOFI | SoFi Technologies, Inc. | +0.2% | +82.74% | 加碼 |
| 36 | AMD | Advanced Micro Devices, Inc. | +0.1% | -14.25% | 減碼 |
| 37 | AFRM | Affirm Holdings, Inc. | +0.1% | +808.28% | 加碼 |
| 38 | IBM | International Business Machines Corporation | +0.1% | +86.02% | 加碼 |
| 39 | ✓ | American Airls Group Inc | +0.1% | -8.06% | 減碼 |
| 40 | NEM | Newmont Corporation | +0.1% | +21.34% | 加碼 |
| 41 | ✓ | Barrick Mng CORP | +0.1% | +337.31% | 加碼 |
| 42 | SOFI | SoFi Technologies, Inc. | +0.1% | +120.03% | 加碼 |
| 43 | NEM | Newmont Corporation | +0.1% | +74.79% | 加碼 |
| 44 | ABNB | Airbnb, Inc. | +0.1% | +45.62% | 加碼 |
| 45 | CRM | Salesforce, Inc. | +0.1% | +12.71% | 加碼 |
| 46 | TEVA | Teva Pharmaceutical Industries Limited | +0.1% | -15.31% | 減碼 |
| 47 | ✓ | American Airlines Group Inc. | +0.1% | +9.35% | 加碼 |
| 48 | ABNB | Airbnb, Inc. | +0.1% | +6.57% | 加碼 |
| 49 | ✓ | Chevron CORP New | +0.1% | +71.20% | 加碼 |
| 50 | ✓ | Petroleo Brasileiro SA Petro | +0.1% | +61.23% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Capital Markets Trading UK LLP 在 Q4 2025 季度的美股持倉總市值約為 US$104.3億，共申報了 305 個公開持股部位。
在 Q4 2025 季度，Capital Markets Trading UK LLP 按市值排列的前三大核心持股分別為：MSFT (6.6%)、MSFT (5.5%)、MU (3.6%)。其中最大持股部位 MSFT 佔據整體投資組合約 6.6% 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
BABA
市值: US$3079.1萬
本季最大獲利了結 / 清倉標的
Spdr S&P 500 Etf Tr Put Option
前期市值: US$1332.4萬
在 Q4 2025 季度中，Capital Markets Trading UK LLP 共進行了 200 項持倉異動，包含新建倉 13 個部位、加碼 84 個部位、減碼 94 個部位以及清倉 9 個部位。 其中最大新建倉標的為 BABA。 本季清倉部位包含 Spdr S&P 500 Etf Tr Put Option。
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。