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: 0001687241
申報總市值
US$218.1億
US$218.1億
57 檔
82.1%
Q4 2025 季度申報顯示，Castle Hook Partners LP 揭露的美股組合總市值為 US$218.1億，涵蓋 57 個不同之權益投資部位。
Castle Hook Partners LP 在 Q4 2025 進行了結構性的板塊輪動與部位換股。在開立 25 個全新部位及加碼 13 檔持股的同時，亦同步清倉 30 檔並減碼 18 檔標的。
檢視投資組合結構，前 5 大主力部位（包含 GLD, SPY, QQQ）占據了總市值的 82.1%，展現出該機構在 Q4 2025 的重點資金聚焦與風險分佈特徵。
本季最大新建倉標的
ALB
市值: US$6.0億
本季最大獲利了結 / 清倉標的
IWM
前期市值: US$14.3億
| # | 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 | GLD | Spdr Gold Shares | ETF-避險與商品 | 35.03% | -0.96% | -0.83% | |
| 2 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 18.08% | +54.42% | +197.50% | |
| 3 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 16.29% | — | +184.19% | |
| 4 | C | Citigroup Inc | 股票-金融 | 2.52% | — | -2.70% | |
| 5 | ALB | Albemarle CORP | 股票-原物料 | 2.49% | -0.51% | EXIT | |
| 6 | NTRA | Natera Inc | 股票-醫療保健 | 2.06% | -6.63% | +24.07% | |
| 7 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.71% | +2.56% | NEW | |
| 8 | SHOP | Shopify Inc - Class A | 股票-科技 | 1.32% | — | +60.75% | |
| 9 | CVNA | Carvana Co | 股票-循環性消費 | 1.22% | — | -48.60% | |
| 10 | TSLA | Tesla Inc | 股票-循環性消費 | 1.13% | — | -25.56% | |
| 11 | APP | Applovin Corp-class A | 股票-科技 | 1.10% | +0.16% | -34.91% | |
| 12 | DHR | Danaher CORP | 股票-醫療保健 | 1.10% | -1.39% | — | |
| 13 | FIX | Comfort Systems USA Inc | 股票-工業 | 1.04% | -4.72% | -3.98% | |
| 14 | CLF | Cleveland-cliffs Inc | 股票-原物料 | 1.00% | — | +572.35% | |
| 15 | WELL | Welltower Inc | 股票-房地產 | 0.96% | -3.54% | -3.91% | |
| 16 | WDC | Western Digital CORP | 股票-科技 | 0.95% | -1.98% | -24.35% | |
| 17 | WMT | Walmart Inc | 股票-非循環性消費 | 0.93% | -4.52% | +40.14% | |
| 18 | STX | Seagate Technology Holdings plc | 股票-科技 | 0.92% | -1.87% | -14.25% | |
| 19 | U | Unity Software Inc | 股票-科技 | 0.91% | — | -6.64% | |
| 20 | INSM | Insmed Inc | 股票-醫療保健 | 0.91% | -3.55% | +14.86% | |
| 21 | AA | Alcoa CORP | 股票-原物料 | 0.88% | +0.07% | NEW | |
| 22 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.83% | +0.74% | NEW | |
| 23 | CCJ | Cameco CORP | 股票-能源 | 0.79% | -2.94% | EXIT | |
| 24 | FCX | Freeport-mcmoran Inc | 股票-原物料 | 0.75% | +0.21% | NEW | |
| 25 | DXCM | Dexcom Inc | 股票-醫療保健 | 0.70% | +0.22% | +319.52% | |
| 26 | TTMI | Ttm Technologies | 股票-科技 | 0.55% | -2.48% | — | |
| 27 | DKS | Dick's Sporting Goods Inc | 股票-循環性消費 | 0.48% | -0.59% | -5.14% | |
| 28 | FSLR | First Solar Inc | 股票-科技 | 0.48% | — | -34.63% | |
| 29 | TEVA | Teva Pharmaceutical-sp Adr | 股票-醫療保健 | 0.34% | — | — | |
| 30 | PLD | Prologis Inc | 股票-房地產 | 0.30% | — | — | |
| 31 | SQM | Quimica Y Minera Chil-sp Adr | 股票-其他 | 0.29% | — | — | |
| 32 | GEHC | GE Healthcare Technology | 股票-醫療保健 | 0.28% | — | +2552.80% | |
| 33 | WMB | Williams Cos Inc | 股票-能源 | 0.26% | — | — | |
| 34 | AMAT | Applied Materials Inc | 股票-科技 | 0.26% | -2.14% | — | |
| 35 | SOLS | Solstice Adv Materials Inc | 股票-原物料 | 0.24% | -2.40% | — | |
| 36 | DASH | Doordash Inc - A | 股票-循環性消費 | 0.22% | — | — | |
| 37 | SHLS | Shoals Technologies Group -a | 股票-其他 | 0.17% | — | — | |
| 38 | NAMS | NewAmsterdam Pharma Company N.V. | 股票-其他 | 0.16% | -0.44% | — | |
| 39 | ARES | Ares Management CORP - A | 股票-金融 | 0.12% | — | — | |
| 40 | TSCO | Tractor Supply Company | 股票-循環性消費 | 0.05% | -0.15% | — | |
| 41 | MT | Arcelormittal-ny Registered | 股票-其他 | 0.02% | +0.36% | NEW | |
| 42 | NVDA | Nvidia CORP | 股票-科技 | 0.02% | -0.01% | EXIT | |
| 43 | COF | Capital One Financial CORP | 股票-金融 | 0.02% | — | -72.73% | |
| 44 | LITE | Lumentum Holdings Inc | 股票-科技 | 0.02% | -2.06% | +124.09% | |
| 45 | EVH | Evolent Health Inc - A | 股票-其他 | 0.02% | — | — | |
| 46 | KKR | Kkr & Co Inc | 股票-金融 | 0.01% | — | — | |
| 47 | FICO | Fair Isaac CORP | 股票-科技 | 0.01% | — | — | |
| 48 | CIEN | Ciena CORP | 股票-科技 | 0.01% | — | +556.69% | |
| 49 | UPST | Upstart Holdings Inc | 股票-金融 | 0.01% | — | — | |
| 50 | ARE | Alexandria Real Estate Equit | 股票-房地產 | 0.01% | — | — |
| # | 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 | +10.8% | +197.50% | 加碼 |
| 2 | QQQ | Invesco Qqq Trust Series 1 | +9.5% | +184.19% | 加碼 |
| 3 | CLF | Cleveland-cliffs Inc | +0.8% | +572.35% | 加碼 |
| 4 | GOOG | Alphabet Inc-cl C | +0.8% | +3446.70% | 加碼 |
| 5 | NTRA | Natera Inc | +0.6% | +24.07% | 加碼 |
| 6 | DXCM | Dexcom Inc | +0.5% | +319.52% | 加碼 |
| 7 | SHOP | Shopify Inc - Class A | +0.4% | +60.75% | 加碼 |
| 8 | GEHC | GE Healthcare Technology | +0.3% | +2552.80% | 加碼 |
| 9 | WMT | Walmart Inc | +0.2% | +40.14% | 加碼 |
| 10 | LLY | Eli Lilly & Co | +0.2% | -3.89% | 減碼 |
| 11 | INSM | Insmed Inc | +0.1% | +14.86% | 加碼 |
| 12 | LITE | Lumentum Holdings Inc | 0% | +124.09% | 加碼 |
| 13 | CIEN | Ciena CORP | 0% | +556.69% | 加碼 |
| 14 | NVDA | Nvidia CORP | — | +59.99% | 加碼 |
| 15 | AVGO | Broadcom Inc | 0% | -66.81% | 減碼 |
| 16 | SNDK | Sandisk CORP | 0% | -78.66% | 減碼 |
| 17 | TSCO | Tractor Supply Company | 0% | — | 不變 |
| 18 | SNOW | Snowflake Inc | 0% | -48.50% | 減碼 |
| 19 | COF | Capital One Financial CORP | -0.1% | -72.73% | 減碼 |
| 20 | WDC | Western Digital CORP | -0.1% | -24.35% | 減碼 |
| 21 | FIX | Comfort Systems USA Inc | -0.1% | -3.98% | 減碼 |
| 22 | U | Unity Software Inc | -0.2% | -6.64% | 減碼 |
| 23 | STX | Seagate Technology Holdings plc | -0.2% | -14.25% | 減碼 |
| 24 | WELL | Welltower Inc | -0.2% | -3.91% | 減碼 |
| 25 | DKS | Dick's Sporting Goods Inc | -0.2% | -5.14% | 減碼 |
| 26 | C | Citigroup Inc | -0.2% | -2.70% | 減碼 |
| 27 | CCJ | Cameco CORP | -0.2% | -12.62% | 減碼 |
| 28 | FSLR | First Solar Inc | -0.3% | -34.63% | 減碼 |
| 29 | TSLA | Tesla Inc | -0.7% | -25.56% | 減碼 |
| 30 | APP | Applovin Corp-class A | -1.1% | -34.91% | 減碼 |
| 31 | CVNA | Carvana Co | -1.4% | -48.60% | 減碼 |
| 32 | GLD | Spdr Gold Shares | -3.6% | -0.83% | 減碼 |
| 33 | IWM | Ishares Russell 2000 ETF | — | EXIT | 清倉 |
| 34 | IBIT | Ishares Bitcoin Trust ETF | — | EXIT | 清倉 |
| 35 | VST | Vistra CORP | — | EXIT | 清倉 |
| 36 | ALB | Albemarle CORP | — | NEW | 新建倉 |
| 37 | TLN | Talen Energy CORP | — | EXIT | 清倉 |
| 38 | DHR | Danaher CORP | — | NEW | 新建倉 |
| 39 | AA | Alcoa CORP | — | NEW | 新建倉 |
| 40 | VRT | Vertiv Holdings Co-a | — | EXIT | 清倉 |
| 41 | FCX | Freeport-mcmoran Inc | — | NEW | 新建倉 |
| 42 | TTMI | Ttm Technologies | — | NEW | 新建倉 |
| 43 | INTC | Intel CORP | — | EXIT | 清倉 |
| 44 | META | Meta Platforms Inc-class A | — | EXIT | 清倉 |
| 45 | CPNG | Coupang Inc | — | EXIT | 清倉 |
| 46 | TEVA | Teva Pharmaceutical-sp Adr | — | NEW | 新建倉 |
| 47 | UAL | United Airlines Holdings Inc | — | EXIT | 清倉 |
| 48 | NKE | Nike Inc -cl B | — | EXIT | 清倉 |
| 49 | PLD | Prologis Inc | — | NEW | 新建倉 |
| 50 | SQM | Quimica Y Minera Chil-sp Adr | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Castle Hook Partners LP 在 Q4 2025 季度的美股持倉總市值約為 US$218.1億，共申報了 57 個公開持股部位。
在 Q4 2025 季度，Castle Hook Partners LP 按市值排列的前三大核心持股分別為：GLD (35.0%)、SPY (18.1%)、QQQ (16.3%)。其中最大持股部位 GLD 佔據整體投資組合約 35.0% 的權重。
在 Q4 2025 季度中，Castle Hook Partners LP 共進行了 86 項持倉異動，包含新建倉 25 個部位、加碼 13 個部位、減碼 18 個部位以及清倉 30 個部位。 其中最大新建倉標的為 ALB。 本季清倉部位包含 IWM。
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。
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。
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。