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: 0001557017
申報總市值
US$279.8億
US$279.8億
355 檔
44.1%
在 Q3 2025 的 13F 官方備案中，Capula Management Ltd 管理的美股投資組合規模來到 US$279.8億，整體持股檔數為 355 檔。
Q3 2025 數據顯示 Capula Management Ltd 積極進場，新開立 54 個部位並同步加碼 72 檔個股，反映機構在該季度的資金注入與籌碼積累。
從部位權重觀察，前 5 大標的（包含 IVV, SPY, QQQ）累計市值佔比達 44.1%，是驅動 Capula Management Ltd 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 355 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 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 34.77% | +11.41% | +36.25% | |
| 2 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 10.32% | -16.00% | -6.64% | |
| 3 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 7.29% | -0.37% | +2.27% | |
| 4 | MSTR | Strategy Inc | 股票-科技 | 5.68% | +0.60% | +17124.91% | |
| 5 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 3.31% | -0.01% | +20191.67% | |
| 6 | IBIT | Ishares Bitcoin Trust ETF | ETF-加密貨幣 | 3.07% | +0.01% | NEW | |
| 7 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | ETF-投資等級公司債 | 2.22% | +0.31% | — | |
| 8 | COIN | Coinbase Global Inc -class A | 股票-金融 | 1.77% | +0.16% | — | |
| 9 | AAPL | Apple Inc | 股票-科技 | 1.61% | -0.40% | +1453.88% | |
| 10 | SMH | Vaneck Semiconductor ETF | ETF-其他 | 1.58% | -0.23% | -23.74% | |
| 11 | BABA | Alibaba Group Holding-sp Adr | 股票-循環性消費 | 1.47% | +2.21% | +6136.00% | |
| 12 | ETHA | Ishares Ethereum Trust ETF | ETF-其他 | 1.39% | — | +65.62% | |
| 13 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 1.36% | -1.07% | +135.76% | |
| 14 | NKE | Nike Inc -cl B | 股票-循環性消費 | 1.22% | +0.46% | +76252.75% | |
| 15 | DELL | Dell Technologies -c | 股票-科技 | 1.19% | -0.03% | — | |
| 16 | AMAT | Applied Materials Inc | 股票-科技 | 1.16% | -0.06% | +19464.84% | |
| 17 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.13% | -0.02% | — | |
| 18 | NVDA | Nvidia CORP | 股票-科技 | 1.11% | -1.58% | +762.18% | |
| 19 | FBTC | Fidelity Wise Origin Bitcoin | ETF-加密貨幣 | 1.05% | — | +41.12% | |
| 20 | UBER | Uber Technologies Inc | 股票-工業 | 1.03% | +1.12% | +2447.74% | |
| 21 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 1.01% | -0.08% | +11939.99% | |
| 22 | EEM | Ishares Msci Emerging Market | ETF-新興市場 | 0.79% | -0.36% | EXIT | |
| 23 | TSLA | Tesla Inc | 股票-循環性消費 | 0.78% | -0.91% | +439.58% | |
| 24 | MSFT | Microsoft CORP | 股票-科技 | 0.70% | -0.43% | +480.17% | |
| 25 | CRWD | Crowdstrike Holdings Inc - A | 股票-科技 | 0.51% | -0.04% | +29766.43% | |
| 26 | SLV | Ishares Silver Trust | ETF-避險與商品 | 0.49% | -0.03% | EXIT | |
| 27 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.48% | -0.13% | +2887.82% | |
| 28 | BIDU | Baidu Inc - Spon Adr | 股票-通訊服務 | 0.46% | -0.02% | +2477.51% | |
| 29 | FETH | Fidelity Ethereum Fund | ETF-其他 | 0.45% | — | +21.09% | |
| 30 | AMZN | Amazon.com Inc | 股票-循環性消費 | 0.45% | -0.44% | +936.00% | |
| 31 | AVGO | Broadcom Inc | 股票-科技 | 0.41% | +0.52% | +48.65% | |
| 32 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-非投資等級債 | 0.40% | +0.78% | -20.00% | |
| 33 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.37% | — | +7744.08% | |
| 34 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 0.36% | -0.26% | +248.45% | |
| 35 | XHB | Ss Spdr S&p Homebldrs ETF | ETF-其他 | 0.33% | — | — | |
| 36 | GLD | Spdr Gold Shares | ETF-避險與商品 | 0.33% | — | +23.62% | |
| 37 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.29% | -0.75% | +849.76% | |
| 38 | KWEB | Kranesh Csi China Internet | ETF-新興市場 | 0.26% | -0.09% | +3895.23% | |
| 39 | KRE | Ss Spdr S&p Regional Bank | ETF-其他 | 0.25% | -0.02% | -41.36% | |
| 40 | STZ | Constellation Brands Inc-a | 股票-非循環性消費 | 0.20% | — | — | |
| 41 | ARKK | Ark Innovation ETF | ETF-其他 | 0.18% | — | — | |
| 42 | ✓ | Cyberark Software LTD. Cmn | 股票-其他 | 0.17% | — | — | |
| 43 | ON | On Semiconductor | 股票-科技 | 0.17% | — | — | |
| 44 | VRNA | Verona Pharma PLC - Adr | 股票-其他 | 0.16% | — | — | |
| 45 | DAY | Dayforce Inc | 股票-其他 | 0.14% | — | — | |
| 46 | FXI | Ishares China Large-cap ETF | ETF-新興市場 | 0.13% | -0.44% | -38.30% | |
| 47 | AMD | Advanced Micro Devices | 股票-科技 | 0.13% | -0.06% | +239.50% | |
| 48 | AMP | Ameriprise Financial Inc | 股票-金融 | 0.12% | — | — | |
| 49 | NFLX | Netflix Inc | 股票-通訊服務 | 0.12% | -0.03% | +728.41% | |
| 50 | BFH | Bread Financial Holdings Inc | 股票-金融 | 0.11% | — | — |
| # | 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 | +5.3% | +2.27% | 加碼 |
| 2 | UNH | Unitedhealth Group Inc | +3.3% | +20191.67% | 加碼 |
| 3 | SPY | Ss Spdr S&p 500 ETF Trust-us | +2.3% | -6.64% | 加碼 |
| 4 | COIN | Coinbase Global Inc -class A | +1.7% | — | 加碼 |
| 5 | MSTR | Strategy Inc | +1.5% | +17124.91% | 加碼 |
| 6 | AAPL | Apple Inc | +1.4% | +1453.88% | 加碼 |
| 7 | BABA | Alibaba Group Holding-sp Adr | +1.4% | +6136.00% | 加碼 |
| 8 | ETHA | Ishares Ethereum Trust ETF | +1.3% | +65.62% | 加碼 |
| 9 | IBIT | Ishares Bitcoin Trust ETF | +1.1% | +0.01% | 加碼 |
| 10 | IWM | Ishares Russell 2000 ETF | +1% | +135.76% | 加碼 |
| 11 | AMAT | Applied Materials Inc | +1% | +19464.84% | 加碼 |
| 12 | NKE | Nike Inc -cl B | +0.8% | +76252.75% | 加碼 |
| 13 | SMH | Vaneck Semiconductor ETF | +0.6% | -23.74% | 加碼 |
| 14 | MSFT | Microsoft CORP | +0.6% | +480.17% | 加碼 |
| 15 | TSLA | Tesla Inc | +0.5% | +439.58% | 加碼 |
| 16 | JPM | Jpmorgan Chase & Co | +0.5% | +2887.82% | 加碼 |
| 17 | AMZN | Amazon.com Inc | +0.4% | +936.00% | 加碼 |
| 18 | GS | Goldman Sachs Group Inc | +0.4% | +7744.08% | 加碼 |
| 19 | BIDU | Baidu Inc - Spon Adr | +0.4% | +2477.51% | 加碼 |
| 20 | SLV | Ishares Silver Trust | +0.3% | +38.04% | 加碼 |
| 21 | FETH | Fidelity Ethereum Fund | +0.3% | +21.09% | 加碼 |
| 22 | GOOGL | Alphabet Inc-cl A | +0.2% | +248.45% | 加碼 |
| 23 | DELL | Dell Technologies -c | +0.2% | — | 減碼 |
| 24 | ON | On Semiconductor | +0.2% | — | 加碼 |
| 25 | GLD | Spdr Gold Shares | +0.2% | +23.62% | 加碼 |
| 26 | META | Meta Platforms Inc-class A | +0.2% | +849.76% | 加碼 |
| 27 | CRWD | Crowdstrike Holdings Inc - A | +0.1% | +29766.43% | 加碼 |
| 28 | PLTR | Palantir Technologies Inc-a | +0.1% | +72.87% | 加碼 |
| 29 | LBRDK | Liberty Broadband-c | +0.1% | +1365.29% | 加碼 |
| 30 | ABBV | Abbvie Inc | +0.1% | +1168.87% | 加碼 |
| 31 | ASHR | Xtrackers Harvest Csi 300 Ch | +0.1% | +3217.40% | 加碼 |
| 32 | V | Visa Inc-class A Shares | +0.1% | +576.92% | 加碼 |
| 33 | LLY | Eli Lilly & Co | +0.1% | +493.69% | 加碼 |
| 34 | MA | Mastercard Inc - A | +0.1% | +565.78% | 加碼 |
| 35 | HD | Home Depot Inc | +0.1% | +358.87% | 加碼 |
| 36 | OIH | Vaneck Oil Services ETF | 0% | — | 加碼 |
| 37 | WMT | Walmart Inc | 0% | +595.02% | 加碼 |
| 38 | BAC | Bank Of America CORP | 0% | +32.17% | 加碼 |
| 39 | LRCX | Lam Research CORP | 0% | +1553.71% | 加碼 |
| 40 | KLAC | Kla CORP | 0% | +1659.60% | 加碼 |
| 41 | TXN | Texas Instruments Inc | 0% | +1114.29% | 加碼 |
| 42 | PANW | Palo Alto Networks Inc | 0% | +815.12% | 加碼 |
| 43 | ETN | Eaton Corporation plc | 0% | +1125.88% | 加碼 |
| 44 | PG | Procter & Gamble Co/the | 0% | +505.89% | 加碼 |
| 45 | CVS | Cvs Health CORP | 0% | -6.04% | 加碼 |
| 46 | ADI | Analog Devices Inc | 0% | +2019.53% | 加碼 |
| 47 | JNJ | Johnson & Johnson | 0% | +529.21% | 加碼 |
| 48 | MS | Morgan Stanley | 0% | +807.49% | 加碼 |
| 49 | XLV | Ss Health Care Select Sector | 0% | — | 加碼 |
| 50 | AMT | American Tower CORP | 0% | +27.96% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Capula Management Ltd 在 Q3 2025 季度的美股持倉總市值約為 US$279.8億，共申報了 355 個公開持股部位。
在 Q3 2025 季度，Capula Management Ltd 按市值排列的前三大核心持股分別為：IVV (34.8%)、SPY (10.3%)、QQQ (7.3%)。其中最大持股部位 IVV 佔據整體投資組合約 34.8% 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
LQD
市值: US$4.5億
本季最大獲利了結 / 清倉標的
W
前期市值: US$7366.9萬
在 Q3 2025 季度中，Capula Management Ltd 共進行了 200 項持倉異動，包含新建倉 54 個部位、加碼 72 個部位、減碼 42 個部位以及清倉 32 個部位。 其中最大新建倉標的為 LQD。 本季清倉部位包含 W。
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。