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
1205 檔
55.1%
Capstone Investment Advisors, LLC 在 Q3 2025 季度的美股部位總計估值為 US$540.4億，分散於 1205 個持倉標的之中，反映其市場參與廣度與投資規模。
Q3 2025 數據顯示 Capstone Investment Advisors, LLC 積極進場，新開立 31 個部位並同步加碼 99 檔個股，反映機構在該季度的資金注入與籌碼積累。
在資產配置集中度方面，Capstone Investment Advisors, LLC 的前 5 大核心持股（包含 SPY, NVDA, MSFT 等）合計佔整體申報市值的 55.1%，反映機構在主要關鍵部位上的權重分佈。
僅顯示前 200 大持股（共 1205 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 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 32.26% | -5.08% | +30.57% | |
| 2 | NVDA | Nvidia CORP | 股票-科技 | 7.99% | +2.88% | -3.51% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 5.47% | +2.10% | +40.12% | |
| 4 | TSLA | Tesla Inc | 股票-循環性消費 | 5.00% | +0.32% | -41.04% | |
| 5 | AMZN | Amazon.com Inc | 股票-循環性消費 | 4.71% | -1.55% | +23.24% | |
| 6 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 3.95% | +0.82% | +173.48% | |
| 7 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 2.96% | -11.73% | +24.13% | |
| 8 | AAPL | Apple Inc | 股票-科技 | 2.69% | +1.08% | -37.56% | |
| 9 | AMD | Advanced Micro Devices | 股票-科技 | 1.87% | +0.18% | -5.91% | |
| 10 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.81% | -0.23% | -35.24% | |
| 11 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.40% | +0.41% | +153.62% | |
| 12 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 1.20% | +0.39% | +0.32% | |
| 13 | EEM | Ishares Msci Emerging Market | ETF-新興市場 | 0.97% | -0.02% | -0.48% | |
| 14 | XLF | Ss Financial Select Sector | ETF-其他 | 0.86% | +0.40% | +244.53% | |
| 15 | AVGO | Broadcom Inc | 股票-科技 | 0.83% | +0.32% | +106.43% | |
| 16 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.72% | -0.25% | -25.54% | |
| 17 | VOO | Vanguard S&p 500 ETF | ETF-大型股與成長 | 0.70% | +0.20% | +202.81% | |
| 18 | FXI | Ishares China Large-cap ETF | ETF-新興市場 | 0.59% | +0.17% | +114.73% | |
| 19 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-非投資等級債 | 0.54% | -0.04% | +38.10% | |
| 20 | XOP | Ss Spdr S&p Og Exp & Prod | ETF-其他 | 0.51% | -0.21% | +122.73% | |
| 21 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.50% | +0.42% | +52.96% | |
| 22 | IBM | Intl Business Machines CORP | 股票-科技 | 0.43% | -0.08% | +459.76% | |
| 23 | EFA | Ishares Msci Eafe ETF | ETF-其他 | 0.41% | -0.32% | +419.12% | |
| 24 | ORCL | Oracle CORP | 股票-科技 | 0.40% | +0.16% | +225.22% | |
| 25 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.38% | +0.09% | +65.96% | |
| 26 | XME | Ss Spdr S&p Metals Mining | ETF-其他 | 0.37% | — | +174.71% | |
| 27 | IBIT | Ishares Bitcoin Trust ETF | ETF-加密貨幣 | 0.34% | -0.05% | +25.89% | |
| 28 | C | Citigroup Inc | 股票-金融 | 0.34% | +0.04% | +17.35% | |
| 29 | WMT | Walmart Inc | 股票-非循環性消費 | 0.34% | — | +246.42% | |
| 30 | WDC 3 11-15-28債券 | Western Digital CORP | 債券 | 0.33% | +1.51% | — | |
| 31 | CSCO | Cisco Systems Inc | 股票-科技 | 0.31% | +0.14% | +386.54% | |
| 32 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.28% | +0.10% | +81.06% | |
| 33 | V | Visa Inc-class A Shares | 股票-金融 | 0.27% | -0.03% | +109.03% | |
| 34 | NFLX | Netflix Inc | 股票-通訊服務 | 0.24% | +0.04% | +101.10% | |
| 35 | MA | Mastercard Inc - A | 股票-金融 | 0.24% | -0.04% | +99.86% | |
| 36 | INTC | Intel CORP | 股票-科技 | 0.23% | +0.42% | +105.92% | |
| 37 | SMH | Vaneck Semiconductor ETF | ETF-其他 | 0.23% | +0.44% | +413.65% | |
| 38 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.23% | +0.11% | +63.15% | |
| 39 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.21% | -0.03% | +85.21% | |
| 40 | XLE | Ss Energy Select Sector | ETF-其他 | 0.21% | +0.02% | +75.78% | |
| 41 | UBER | Uber Technologies Inc | 股票-工業 | 0.21% | +0.01% | +320.71% | |
| 42 | IDCC 3.5 06-01-27債券 | Interdigital Inc | 債券 | 0.19% | +0.01% | — | |
| 43 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.18% | +0.02% | +28.31% | |
| 44 | BAC | Bank Of America CORP | 股票-金融 | 0.18% | +0.01% | +59.70% | |
| 45 | NET 0 08-15-26債券 | Cloudflare Inc | 債券 | 0.16% | -0.03% | -2.10% | |
| 46 | FOX | Fox CORP - Class B | 股票-通訊服務 | 0.16% | +0.01% | +657.98% | |
| 47 | IONS 0 04-01-26債券 | Ionis Pharmaceuticals In | 債券 | 0.16% | — | +7.70% | |
| 48 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.15% | +0.07% | +25.20% | |
| 49 | HD | Home Depot Inc | 股票-循環性消費 | 0.15% | +0.03% | +60.06% | |
| 50 | PANW | Palo Alto Networks Inc | 股票-科技 | 0.15% | +0.05% | +253.20% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | SPY | Ss Spdr S&p 500 ETF Trust-us | +7.5% | +30.57% | 加碼 |
| 2 | IWM | Ishares Russell 2000 ETF | +2.3% | +173.48% | 加碼 |
| 3 | NVDA | Nvidia CORP | +1% | -3.51% | 減碼 |
| 4 | AMD | Advanced Micro Devices | +0.9% | -5.91% | 加碼 |
| 5 | META | Meta Platforms Inc-class A | +0.6% | +153.62% | 加碼 |
| 6 | VOO | Vanguard S&p 500 ETF | +0.4% | +202.81% | 加碼 |
| 7 | EFA | Ishares Msci Eafe ETF | +0.4% | +419.12% | 加碼 |
| 8 | XLF | Ss Financial Select Sector | +0.4% | +244.53% | 加碼 |
| 9 | C | Citigroup Inc | +0.3% | +17.35% | 加碼 |
| 10 | XME | Ss Spdr S&p Metals Mining | +0.3% | +174.71% | 加碼 |
| 11 | FXI | Ishares China Large-cap ETF | +0.2% | +114.73% | 加碼 |
| 12 | ORCL | Oracle CORP | +0.2% | +225.22% | 加碼 |
| 13 | IBM | Intl Business Machines CORP | +0.2% | +459.76% | 加碼 |
| 14 | IBIT | Ishares Bitcoin Trust ETF | +0.2% | +25.89% | 加碼 |
| 15 | CSCO | Cisco Systems Inc | +0.2% | +386.54% | 加碼 |
| 16 | CORZ | Core Scientific Inc | +0.2% | +2977.72% | 加碼 |
| 17 | AVGO | Broadcom Inc | +0.1% | +106.43% | 減碼 |
| 18 | UBER | Uber Technologies Inc | +0.1% | +320.71% | 加碼 |
| 19 | LULU | Lululemon Athletica Inc | +0.1% | +683.17% | 加碼 |
| 20 | INTC | Intel CORP | +0.1% | +105.92% | 加碼 |
| 21 | PANW | Palo Alto Networks Inc | +0.1% | +253.20% | 加碼 |
| 22 | AMAT | Applied Materials Inc | +0.1% | +143.48% | 加碼 |
| 23 | INTU | Intuit Inc | +0.1% | +186.72% | 加碼 |
| 24 | EEM | Ishares Msci Emerging Market | +0.1% | -0.48% | 加碼 |
| 25 | FCX | Freeport-mcmoran Inc | +0.1% | +457.93% | 加碼 |
| 26 | FLS | Flowserve CORP | +0.1% | +545.49% | 加碼 |
| 27 | EXAS 0.375 03-15-27債券 | Exact Sciences CORP | +0.1% | +60.46% | 加碼 |
| 28 | DXCM 0.25 11-15-25債券 | Dexcom Inc | +0.1% | — | 加碼 |
| 29 | GE | General Electric | +0.1% | +168.45% | 加碼 |
| 30 | SPOT 0 03-15-26債券 | Spotify USA Inc | +0.1% | +51.94% | 加碼 |
| 31 | CNMD 2.25 06-15-27債券 | Conmed CORP | +0.1% | +88.10% | 加碼 |
| 32 | ALRM 0 01-15-26債券 | Alarm.com Hldgs Inc | +0.1% | +12.07% | 加碼 |
| 33 | PLTR | Palantir Technologies Inc-a | 0% | +81.06% | 減碼 |
| 34 | CAT | Caterpillar Inc | 0% | -25.30% | 加碼 |
| 35 | CRWD | Crowdstrike Holdings Inc - A | 0% | +366.65% | 加碼 |
| 36 | DELL | Dell Technologies -c | 0% | +372.77% | 加碼 |
| 37 | ASND 2.25 04-01-28債券 | Ascendis Pharma A/s | 0% | +129.03% | 加碼 |
| 38 | MA | Mastercard Inc - A | 0% | +99.86% | 加碼 |
| 39 | IDCC 3.5 06-01-27債券 | Interdigital Inc | 0% | — | 不變 |
| 40 | IONS 0 04-01-26債券 | Ionis Pharmaceuticals In | 0% | +7.70% | 加碼 |
| 41 | PM | Philip Morris International | 0% | +167.71% | 加碼 |
| 42 | GS | Goldman Sachs Group Inc | 0% | +30.29% | 加碼 |
| 43 | LOW | Lowe's Cos Inc | 0% | +249.73% | 加碼 |
| 44 | VZ | Verizon Communications Inc | 0% | +114.18% | 加碼 |
| 45 | PRGS 1 04-15-26債券 | Progress Software CORP | 0% | +133.42% | 加碼 |
| 46 | IMAX 0.5 04-01-26債券 | Imax CORP | 0% | +114.86% | 加碼 |
| 47 | MRVL | Marvell Technology Inc | 0% | +35.07% | 加碼 |
| 48 | MRNA | Moderna Inc | 0% | +1235.16% | 加碼 |
| 49 | NSC | Norfolk Southern CORP | 0% | +348.53% | 加碼 |
| 50 | FDX | Fedex CORP | 0% | +127.14% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Capstone Investment Advisors, LLC 在 Q3 2025 季度的美股持倉總市值約為 US$540.4億，共申報了 1205 個公開持股部位。
在 Q3 2025 季度，Capstone Investment Advisors, LLC 按市值排列的前三大核心持股分別為：SPY (32.3%)、NVDA (8.0%)、MSFT (5.5%)。其中最大持股部位 SPY 佔據整體投資組合約 32.3% 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
WDC 3 11-15-28
市值: US$1.7億
本季最大獲利了結 / 清倉標的
NVMI 0 10-15-25
前期市值: US$1.2億
在 Q3 2025 季度中，Capstone Investment Advisors, LLC 共進行了 198 項持倉異動，包含新建倉 31 個部位、加碼 99 個部位、減碼 27 個部位以及清倉 41 個部位。 其中最大新建倉標的為 WDC 3 11-15-28。 本季清倉部位包含 NVMI 0 10-15-25。
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。