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: 0001706766
申報總市值
US$214.6億
US$214.6億
904 檔
8.6%
在 Q4 2025 申報期間，Caption Management, LLC（CIK: 0001706766）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$214.6億，共持有 904 個公開申報部位。
觀察 Q4 2025 的資金脈絡，Caption Management, LLC 在獲利結算 33 檔個股的同時，將資本重新部署至 36 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 NVDA, CVNA, INTU）累計市值佔比達 8.6%，是驅動 Caption Management, 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 904 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 | NVDA | Nvidia CORP | 股票-科技 | 3.59% | -0.43% | +180.71% | |
| 2 | CVNA | Carvana Co | 股票-循環性消費 | 2.84% | -1.07% | -24.15% | |
| 3 | INTU | Intuit Inc | 股票-科技 | 2.23% | +0.29% | -6.55% | |
| 4 | WBD | Warner Bros Discovery Inc | 股票-通訊服務 | 1.99% | -0.79% | +329.91% | |
| 5 | TSLA | Tesla Inc | 股票-循環性消費 | 1.97% | +0.25% | -8.57% | |
| 6 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.82% | -0.01% | — | |
| 7 | AAPL | Apple Inc | 股票-科技 | 1.75% | — | — | |
| 8 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.71% | +0.86% | +70.58% | |
| 9 | RDDT | Reddit Inc-cl A | 股票-通訊服務 | 1.64% | -0.08% | -3.69% | |
| 10 | MSFT | Microsoft CORP | 股票-科技 | 1.51% | +2.04% | — | |
| 11 | UTHR | United Therapeutics CORP | 股票-醫療保健 | 1.46% | -2.09% | -27.41% | |
| 12 | NFLX | Netflix Inc | 股票-通訊服務 | 1.09% | -0.87% | — | |
| 13 | BA | Boeing Co/the | 股票-工業 | 1.04% | -0.20% | +1348.65% | |
| 14 | VRT | Vertiv Holdings Co-a | 股票-工業 | 0.97% | -0.22% | +212.87% | |
| 15 | ORCL | Oracle CORP | 股票-科技 | 0.93% | +0.02% | +322.15% | |
| 16 | ARKK | Ark Innovation ETF | ETF-其他 | 0.89% | -0.14% | +153.21% | |
| 17 | COF | Capital One Financial CORP | 股票-金融 | 0.88% | -0.23% | EXIT | |
| 18 | CMG | Chipotle Mexican Grill Inc | 股票-循環性消費 | 0.88% | -0.06% | +10015.20% | |
| 19 | WULF | Terawulf Inc | 股票-金融 | 0.87% | +0.44% | +44.56% | |
| 20 | MP | Mp Materials CORP | 股票-原物料 | 0.85% | -0.02% | +292.98% | |
| 21 | ECHO | Echostar Corp-a | 股票-通訊服務 | 0.82% | -0.04% | -40.59% | |
| 22 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.82% | +0.25% | NEW | |
| 23 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.80% | -0.05% | +482.09% | |
| 24 | RUN | Sunrun Inc | 股票-科技 | 0.79% | +0.02% | -7.93% | |
| 25 | IREN | IREN Limited | 股票-其他 | 0.78% | +0.23% | +9.97% | |
| 26 | INSM | Insmed Inc | 股票-醫療保健 | 0.72% | +0.66% | -14.81% | |
| 27 | RCL | Royal Caribbean Cruises Ltd. | 股票-循環性消費 | 0.68% | +0.05% | — | |
| 28 | EWC | Ishares Msci Canada ETF | ETF-其他 | 0.67% | -0.10% | +28.57% | |
| 29 | EOSE | Eos Energy Enterprises Inc | 股票-其他 | 0.64% | +0.01% | +33.39% | |
| 30 | GEV | GE Vernova Inc | 股票-工業 | 0.64% | -0.25% | EXIT | |
| 31 | MSTR | Strategy Inc | 股票-科技 | 0.61% | +0.04% | NEW | |
| 32 | XOM | Exxon Mobil CORP | 股票-能源 | 0.61% | -0.20% | +19.35% | |
| 33 | MLYS | Mineralys Therapeutics Inc | 股票-其他 | 0.61% | -0.34% | +635.50% | |
| 34 | COIN | Coinbase Global Inc -class A | 股票-金融 | 0.61% | -0.06% | +10.30% | |
| 35 | NET | Cloudflare Inc - Class A | 股票-科技 | 0.61% | -0.02% | +16.02% | |
| 36 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 0.60% | -0.15% | +64.71% | |
| 37 | CLS | Celestica Inc | 股票-科技 | 0.60% | -0.45% | +214.26% | |
| 38 | OKE | Oneok Inc | 股票-能源 | 0.56% | -0.44% | EXIT | |
| 39 | CZR | Caesars Entertainment Inc | 股票-循環性消費 | 0.54% | +0.02% | +20.42% | |
| 40 | BMY | Bristol-myers Squibb Co | 股票-醫療保健 | 0.54% | +0.01% | +564.86% | |
| 41 | BSX | Boston Scientific CORP | 股票-醫療保健 | 0.54% | -0.32% | +15.18% | |
| 42 | XBI | Ss Spdr S&p Biotech ETF | ETF-科技型 | 0.53% | -0.45% | +110.55% | |
| 43 | ASTS | Ast Spacemobile Inc | 股票-科技 | 0.52% | -0.03% | +82.12% | |
| 44 | CDTX | Cidara Therapeutics Inc | 股票-其他 | 0.52% | — | +366.22% | |
| 45 | PRAX | Praxis Precision Medicines I | 股票-其他 | 0.49% | -0.04% | +25.83% | |
| 46 | ASND | Ascendis Pharma A/S | 股票-其他 | 0.49% | -0.33% | EXIT | |
| 47 | W | Wayfair Inc- Class A | 股票-循環性消費 | 0.48% | +0.11% | -2.70% | |
| 48 | CCJ | Cameco CORP | 股票-能源 | 0.46% | -0.05% | +41.78% | |
| 49 | EXK | Exact Sciences CORP | 股票-原物料 | 0.45% | — | +369.52% | |
| 50 | AMD | Advanced Micro Devices | 股票-科技 | 0.44% | -0.59% | EXIT |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +2.1% | +180.71% | 加碼 |
| 2 | WBD | Warner Bros Discovery Inc | +1.6% | +329.91% | 加碼 |
| 3 | BA | Boeing Co/the | +1% | +1348.65% | 加碼 |
| 4 | CMG | Chipotle Mexican Grill Inc | +0.9% | +10015.20% | 加碼 |
| 5 | GOOG | Alphabet Inc-cl C | +0.8% | +70.58% | 加碼 |
| 6 | JNJ | Johnson & Johnson | +0.7% | +482.09% | 加碼 |
| 7 | VRT | Vertiv Holdings Co-a | +0.6% | +212.87% | 加碼 |
| 8 | COF | Capital One Financial CORP | +0.6% | +239.29% | 加碼 |
| 9 | ORCL | Oracle CORP | +0.6% | +322.15% | 加碼 |
| 10 | GEV | GE Vernova Inc | +0.6% | +921.07% | 加碼 |
| 11 | MSTR | Strategy Inc | +0.6% | +2850.00% | 加碼 |
| 12 | MP | Mp Materials CORP | +0.5% | +292.98% | 加碼 |
| 13 | MLYS | Mineralys Therapeutics Inc | +0.5% | +635.50% | 加碼 |
| 14 | BMY | Bristol-myers Squibb Co | +0.5% | +564.86% | 加碼 |
| 15 | CDTX | Cidara Therapeutics Inc | +0.5% | +366.22% | 加碼 |
| 16 | ARKK | Ark Innovation ETF | +0.4% | +153.21% | 加碼 |
| 17 | OKE | Oneok Inc | +0.4% | +365.06% | 加碼 |
| 18 | CLS | Celestica Inc | +0.4% | +214.26% | 加碼 |
| 19 | PRAX | Praxis Precision Medicines I | +0.4% | +25.83% | 加碼 |
| 20 | EXK | Exact Sciences CORP | +0.4% | +369.52% | 加碼 |
| 21 | LW | Lamb Weston Holdings Inc | +0.4% | +3535.39% | 加碼 |
| 22 | CGON | Cg Oncology Inc | +0.4% | +1611.43% | 加碼 |
| 23 | VST | Vistra CORP | +0.3% | +527.47% | 加碼 |
| 24 | ASTS | Ast Spacemobile Inc | +0.3% | +82.12% | 加碼 |
| 25 | ASND | Ascendis Pharma A/S | +0.3% | +175.93% | 加碼 |
| 26 | MRVL | Marvell Technology Inc | +0.3% | +247.54% | 加碼 |
| 27 | CORT | Corcept Therapeutics Inc | +0.3% | +1871.43% | 加碼 |
| 28 | XBI | Ss Spdr S&p Biotech ETF | +0.3% | +110.55% | 加碼 |
| 29 | GOOGL | Alphabet Inc-cl A | +0.3% | +64.71% | 加碼 |
| 30 | AVGO | Broadcom Inc | +0.3% | +260.44% | 加碼 |
| 31 | XME | Ss Spdr S&p Metals Mining | +0.3% | +381.80% | 加碼 |
| 32 | LITE | Lumentum Holdings Inc | +0.3% | +31.36% | 加碼 |
| 33 | KNSA | Kiniksa Pharmaceuticals International, plc | +0.2% | +151.52% | 加碼 |
| 34 | NVO | Novo-nordisk A/s-spons Adr | +0.2% | +170.04% | 加碼 |
| 35 | MRNA | Moderna Inc | +0.2% | +406.37% | 加碼 |
| 36 | PZZA | Papa John's Intl Inc | +0.2% | +1259.87% | 加碼 |
| 37 | WULF | Terawulf Inc | +0.2% | +44.56% | 加碼 |
| 38 | CELC | Celcuity Inc | +0.2% | +26.76% | 加碼 |
| 39 | AMBA | Ambarella, Inc. | +0.2% | +1886.21% | 加碼 |
| 40 | EQT | Eqt CORP | +0.2% | +390.64% | 加碼 |
| 41 | SHOP | Shopify Inc - Class A | +0.2% | +288.36% | 加碼 |
| 42 | SEZL | Sezzle Inc | +0.2% | +2093.77% | 加碼 |
| 43 | COMP | Compass Inc - Class A | +0.2% | +202.74% | 加碼 |
| 44 | IVZ | Invesco Ltd. | +0.2% | +8898.00% | 加碼 |
| 45 | IBB | Ishares Biotechnology ETF | +0.1% | +153.50% | 加碼 |
| 46 | DKS | Dick's Sporting Goods Inc | +0.1% | +160.29% | 加碼 |
| 47 | TECH | Bio-techne CORP | +0.1% | +184.76% | 加碼 |
| 48 | FHN | First Horizon CORP | +0.1% | +319.75% | 加碼 |
| 49 | AXSM | Axsome Therapeutics Inc | +0.1% | +200.00% | 加碼 |
| 50 | SOFI | Sofi Technologies Inc | +0.1% | +104.20% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Caption Management, LLC 在 Q4 2025 季度的美股持倉總市值約為 US$214.6億，共申報了 904 個公開持股部位。
在 Q4 2025 季度，Caption Management, LLC 按市值排列的前三大核心持股分別為：NVDA (3.6%)、CVNA (2.8%)、INTU (2.2%)。其中最大持股部位 NVDA 佔據整體投資組合約 3.6% 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
AAPL
市值: US$2.6億
本季最大獲利了結 / 清倉標的
APP
前期市值: US$2.4億
在 Q4 2025 季度中，Caption Management, LLC 共進行了 199 項持倉異動，包含新建倉 36 個部位、加碼 77 個部位、減碼 53 個部位以及清倉 33 個部位。 其中最大新建倉標的為 AAPL。 本季清倉部位包含 APP。
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。