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: 0001426196
申報總市值
US$540.4億
US$540.4億
1371 檔
21.9%
在 Q1 2024 申報期間，Capstone Investment Advisors, LLC（CIK: 0001426196）向美國 SEC 提交的 Form 13F 報告顯示，其追蹤之股票投資組合總市值達 US$540.4億，共持有 1371 個公開申報部位。
從 Q1 2024 申報觀察，Capstone Investment Advisors, LLC 採取防禦導向的調倉策略，本季減碼 40 檔個股並出清 3 檔部位，顯示機構在該時期進行風險控制與流動性回收。
從部位權重觀察，前 5 大標的（包含 QQQ, SPY, NVDA）累計市值佔比達 21.9%，是驅動 Capstone Investment Advisors, LLC 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 1371 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 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 23.99% | -11.73% | -15.21% | |
| 2 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 8.13% | -5.08% | -13.08% | |
| 3 | NVDA | Nvidia CORP | 股票-科技 | 3.97% | +2.88% | -30.99% | |
| 4 | MSFT | Microsoft CORP | 股票-科技 | 3.59% | +2.10% | -38.55% | |
| 5 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 2.88% | +0.82% | -9.93% | |
| 6 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.19% | +0.41% | -28.23% | |
| 7 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.13% | -1.55% | -59.59% | |
| 8 | AAPL | Apple Inc | 股票-科技 | 2.04% | +1.08% | -54.85% | |
| 9 | TSLA | Tesla Inc | 股票-循環性消費 | 1.94% | +0.32% | +13.41% | |
| 10 | EEM | Ishares Msci Emerging Market | ETF-新興市場 | 1.32% | -0.02% | -10.06% | |
| 11 | XLF | Ss Financial Select Sector | ETF-其他 | 1.31% | +0.40% | -1.12% | |
| 12 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.30% | -0.23% | -39.28% | |
| 13 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-非投資等級債 | 0.99% | -0.04% | -34.38% | |
| 14 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.95% | -0.25% | -41.50% | |
| 15 | AVGO | Broadcom Inc | 股票-科技 | 0.90% | +0.32% | -28.21% | |
| 16 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.75% | +0.09% | -37.23% | |
| 17 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 0.72% | +0.39% | — | |
| 18 | XLV | Ss Health Care Select Sector | ETF-其他 | 0.70% | +0.03% | -7.58% | |
| 19 | GLD | Spdr Gold Shares | ETF-避險與商品 | 0.68% | — | +20.63% | |
| 20 | NFLX | Netflix Inc | 股票-通訊服務 | 0.53% | +0.04% | -46.87% | |
| 21 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | ETF-投資等級公司債 | 0.51% | +0.29% | -6.62% | |
| 22 | NVMI 0 10-15-25債券 | Nova LTD | 債券 | 0.51% | — | — | |
| 23 | CRM | Salesforce Inc | 股票-科技 | 0.50% | +0.01% | -42.27% | |
| 24 | GDX | Vaneck Gold Miners ETF | ETF-避險與商品 | 0.48% | +0.01% | -10.03% | |
| 25 | BAC | Bank Of America CORP | 股票-金融 | 0.47% | +0.01% | -21.51% | |
| 26 | XOM | Exxon Mobil CORP | 股票-能源 | 0.47% | -0.01% | -34.56% | |
| 27 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.46% | -0.03% | -52.82% | |
| 28 | XLI | Ss Industrial Select Sector | ETF-其他 | 0.46% | — | -12.22% | |
| 29 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.45% | +0.02% | -25.23% | |
| 30 | NSIT 0.75 02-15-25債券 | Insight Enterprs | 債券 | 0.44% | — | — | |
| 31 | ADBE | Adobe Inc | 股票-科技 | 0.42% | +0.05% | -9.10% | |
| 32 | DXJ | Wisdomtree Japan Hedged Eq | ETF-其他 | 0.41% | — | +57.00% | |
| 33 | HDB | Hdfc Bank Ltd-adr | 股票-金融 | 0.40% | — | +67.75% | |
| 34 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.37% | +0.11% | -40.40% | |
| 35 | ARM | Arm Holdings Plc-adr | 股票-科技 | 0.37% | +0.01% | -9.80% | |
| 36 | MDB 0.25 01-15-26債券 | Mongodb Inc | 債券 | 0.36% | — | — | |
| 37 | EFA | Ishares Msci Eafe ETF | ETF-其他 | 0.36% | -0.32% | -49.58% | |
| 38 | HD | Home Depot Inc | 股票-循環性消費 | 0.36% | +0.03% | -49.91% | |
| 39 | WMT | Walmart Inc | 股票-非循環性消費 | 0.36% | — | +103.66% | |
| 40 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.35% | — | -10.06% | |
| 41 | WFC | Wells Fargo & Co | 股票-金融 | 0.34% | -0.01% | -10.42% | |
| 42 | DIS | Walt Disney Co/the | 股票-通訊服務 | 0.33% | +0.02% | -31.38% | |
| 43 | NKE | Nike Inc -cl B | 股票-循環性消費 | 0.32% | — | -4.64% | |
| 44 | V | Visa Inc-class A Shares | 股票-金融 | 0.31% | -0.03% | -43.39% | |
| 45 | MA | Mastercard Inc - A | 股票-金融 | 0.30% | -0.04% | -34.93% | |
| 46 | INTC | Intel CORP | 股票-科技 | 0.30% | +0.42% | -39.12% | |
| 47 | GM | General Motors Co | 股票-循環性消費 | 0.28% | — | -27.96% | |
| 48 | NTRA 2.25 05-01-27債券 | Natera Inc | 債券 | 0.28% | — | -28.14% | |
| 49 | MS | Morgan Stanley | 股票-金融 | 0.28% | +0.01% | -18.62% | |
| 50 | ZS 0.125 07-01-25債券 | Zscaler Inc. | 債券 | 0.28% | — | -18.80% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | QQQ | Invesco Qqq Trust Series 1 | +2.2% | -15.21% | 減碼 |
| 2 | NVDA | Nvidia CORP | +1.3% | -30.99% | 減碼 |
| 3 | SPY | Ss Spdr S&p 500 ETF Trust-us | +1% | -13.08% | 減碼 |
| 4 | IVV | Ishares Core S&p 500 ETF | +0.7% | NEW | 新建倉 |
| 5 | IWM | Ishares Russell 2000 ETF | +0.3% | -9.93% | 減碼 |
| 6 | XLF | Ss Financial Select Sector | +0.3% | -1.12% | 減碼 |
| 7 | ZS | Zscaler Inc | +0.3% | +6050.96% | 加碼 |
| 8 | CRWD | Crowdstrike Holdings Inc - A | +0.3% | NEW | 新建倉 |
| 9 | GLD | Spdr Gold Shares | +0.3% | +20.63% | 加碼 |
| 10 | DXJ | Wisdomtree Japan Hedged Eq | +0.2% | +57.00% | 加碼 |
| 11 | ARM | Arm Holdings Plc-adr | +0.2% | -9.80% | 減碼 |
| 12 | GEHC | GE Healthcare Technology | +0.2% | +1777.24% | 加碼 |
| 13 | EEM | Ishares Msci Emerging Market | +0.1% | -10.06% | 減碼 |
| 14 | AVGO | Broadcom Inc | 0% | -28.21% | 減碼 |
| 15 | XOM | Exxon Mobil CORP | 0% | -34.56% | 減碼 |
| 16 | ADBE | Adobe Inc | 0% | -9.10% | 減碼 |
| 17 | JNJ | Johnson & Johnson | -0.1% | -25.23% | 減碼 |
| 18 | BA | Boeing Co/the | -0.1% | -11.29% | 減碼 |
| 19 | TSLA | Tesla Inc | -0.1% | +13.41% | 加碼 |
| 20 | CSCO | Cisco Systems Inc | -0.1% | -37.65% | 減碼 |
| 21 | TXN | Texas Instruments Inc | -0.1% | -51.53% | 減碼 |
| 22 | JPM | Jpmorgan Chase & Co | -0.1% | -37.23% | 減碼 |
| 23 | ABBV | Abbvie Inc | -0.1% | -48.90% | 減碼 |
| 24 | ADI | Analog Devices Inc | -0.1% | -72.97% | 減碼 |
| 25 | CAT | Caterpillar Inc | -0.1% | -62.55% | 減碼 |
| 26 | O | Realty Income CORP | -0.1% | -43.70% | 減碼 |
| 27 | V | Visa Inc-class A Shares | -0.1% | -43.39% | 減碼 |
| 28 | PG | Procter & Gamble Co/the | -0.1% | -56.56% | 減碼 |
| 29 | LULU | Lululemon Athletica Inc | -0.1% | -58.63% | 減碼 |
| 30 | DHR | Danaher CORP | -0.1% | -73.50% | 減碼 |
| 31 | XLK | Ss Technology Select Sector | -0.1% | EXIT | 清倉 |
| 32 | CNMD 2.625 02-01-24債券 | Conmed CORP | -0.1% | EXIT | 清倉 |
| 33 | NFLX | Netflix Inc | -0.1% | -46.87% | 減碼 |
| 34 | ORCL | Oracle CORP | -0.1% | -56.88% | 減碼 |
| 35 | IYR | Ishares US Real Estate ETF | -0.1% | EXIT | 清倉 |
| 36 | CRM | Salesforce Inc | -0.1% | -42.27% | 減碼 |
| 37 | IEF | Ishares 7-10 Year Treasury B | -0.1% | -68.75% | 減碼 |
| 38 | BRK-B | Berkshire Hathaway Inc-cl B | -0.2% | -73.81% | 減碼 |
| 39 | INTC | Intel CORP | -0.2% | -39.12% | 減碼 |
| 40 | HD | Home Depot Inc | -0.2% | -49.91% | 減碼 |
| 41 | EFA | Ishares Msci Eafe ETF | -0.2% | -49.58% | 減碼 |
| 42 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | -0.3% | -34.38% | 減碼 |
| 43 | COST | Costco Wholesale CORP | -0.3% | -52.82% | 減碼 |
| 44 | UNH | Unitedhealth Group Inc | -0.3% | -56.60% | 減碼 |
| 45 | GOOG | Alphabet Inc-cl C | -0.3% | -41.50% | 減碼 |
| 46 | GOOGL | Alphabet Inc-cl A | -0.4% | -39.28% | 減碼 |
| 47 | GS | Goldman Sachs Group Inc | -0.4% | -72.13% | 減碼 |
| 48 | MSFT | Microsoft CORP | -0.8% | -38.55% | 減碼 |
| 49 | AMZN | Amazon.com Inc | -1.6% | -59.59% | 減碼 |
| 50 | AAPL | Apple Inc | -2.2% | -54.85% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Capstone Investment Advisors, LLC 在 Q1 2024 季度的美股持倉總市值約為 US$540.4億，共申報了 1371 個公開持股部位。
在 Q1 2024 季度，Capstone Investment Advisors, LLC 按市值排列的前三大核心持股分別為：QQQ (24.0%)、SPY (8.1%)、NVDA (4.0%)。其中最大持股部位 QQQ 佔據整體投資組合約 24.0% 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
IVV
市值: US$2.0億
本季最大獲利了結 / 清倉標的
IYR
前期市值: US$4165.9萬
在 Q1 2024 季度中，Capstone Investment Advisors, LLC 共進行了 50 項持倉異動，包含新建倉 2 個部位、加碼 5 個部位、減碼 40 個部位以及清倉 3 個部位。 其中最大新建倉標的為 IVV。 本季清倉部位包含 IYR。
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。