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: 0002051323
申報總市值
US$53.3億
US$53.3億
750 檔
43.2%
在 Q4 2025 的 13F 官方備案中，Caxton Associates LLP 管理的美股投資組合規模來到 US$53.3億，整體持股檔數為 750 檔。
在 Q4 2025 期間，Caxton Associates LLP 展現了靈活的資產再平衡步調，透過出清 52 檔弱勢或達到目標價部位，將資金轉置於 56 檔新建倉標的之中。
從部位權重觀察，前 5 大標的（包含 TSLA, AMD, BP）累計市值佔比達 43.2%，是驅動 Caxton Associates LLP 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 750 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 | TSLA | Tesla Inc | 股票-循環性消費 | 19.09% | — | +69.26% | |
| 2 | AMD | Advanced Micro Devices | 股票-科技 | 9.25% | -0.73% | — | |
| 3 | BP | Bp Plc-spons Adr | 股票-能源 | 7.08% | +4.05% | NEW | |
| 4 | B | Barrick Mining CORP | 股票-原物料 | 5.11% | — | — | |
| 5 | AMZN | Amazon.com Inc | 股票-循環性消費 | 4.60% | +1.45% | -34.54% | |
| 6 | AVGO | Broadcom Inc | 股票-科技 | 3.36% | -0.07% | +8507.42% | |
| 7 | NVDA | Nvidia CORP | 股票-科技 | 3.13% | -6.33% | +479.85% | |
| 8 | TECK | Teck Resources Ltd-cls B | 股票-原物料 | 2.65% | -0.34% | +318.21% | |
| 9 | UEC | Uranium Energy CORP | 股票-能源 | 2.03% | -0.37% | +110.25% | |
| 10 | ISRG | Intuitive Surgical Inc | 股票-醫療保健 | 1.87% | -0.01% | EXIT | |
| 11 | MSFT | Microsoft CORP | 股票-科技 | 1.76% | -3.78% | -73.00% | |
| 12 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.62% | — | — | |
| 13 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.54% | +2.44% | +2654.98% | |
| 14 | GILD | Gilead Sciences Inc | 股票-醫療保健 | 1.32% | — | EXIT | |
| 15 | AAPL | Apple Inc | 股票-科技 | 1.24% | +4.32% | -89.22% | |
| 16 | DAY | Dayforce Inc | 股票-其他 | 1.09% | — | — | |
| 17 | MU | Micron Technology Inc | 股票-科技 | 1.06% | +0.20% | +243.01% | |
| 18 | CCJ | Cameco CORP | 股票-能源 | 0.94% | -0.15% | -6.67% | |
| 19 | FYBR | Frontier Communications Pare | 股票-其他 | 0.82% | — | — | |
| 20 | AMAT | Applied Materials Inc | 股票-科技 | 0.68% | +0.14% | +194.80% | |
| 21 | HLT | Hilton Worldwide Holdings In | 股票-循環性消費 | 0.67% | — | +778.65% | |
| 22 | EXK | Exact Sciences CORP | 股票-原物料 | 0.66% | — | +7829.29% | |
| 23 | TMUS | T-mobile US Inc | 股票-通訊服務 | 0.63% | +0.02% | +250.12% | |
| 24 | RNAGBP | Avidity Biosciences Inc | 股票-其他 | 0.62% | — | — | |
| 25 | CLS | Celestica Inc | 股票-科技 | 0.62% | -0.02% | EXIT | |
| 26 | ADBE | Adobe Inc | 股票-科技 | 0.62% | -0.38% | -1.18% | |
| 27 | ANET | Arista Networks Inc | 股票-科技 | 0.58% | +0.01% | +2694.87% | |
| 28 | EWZ | Ishares Msci Brazil ETF | ETF-其他 | 0.57% | -0.92% | -44.29% | |
| 29 | HON | Honeywell International Inc | 股票-工業 | 0.56% | — | +7400.31% | |
| 30 | EWW | Ishares Msci Mexico ETF | ETF-其他 | 0.56% | -0.23% | EXIT | |
| 31 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.52% | — | +310.21% | |
| 32 | NSC | Norfolk Southern CORP | 股票-工業 | 0.45% | +3.96% | +64.58% | |
| 33 | LBRDK | Liberty Broadband-c | 股票-通訊服務 | 0.43% | -0.23% | +11270.73% | |
| 34 | ALGN | Align Technology Inc | 股票-醫療保健 | 0.42% | +0.01% | — | |
| 35 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 0.42% | +0.03% | +1040.20% | |
| 36 | CMG | Chipotle Mexican Grill Inc | 股票-循環性消費 | 0.36% | -0.26% | +7724.78% | |
| 37 | WBD | Warner Bros Discovery Inc | 股票-通訊服務 | 0.35% | -0.51% | -55.59% | |
| 38 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.33% | -0.12% | EXIT | |
| 39 | CME | Cme Group Inc | 股票-金融 | 0.32% | -0.11% | — | |
| 40 | NTAP | Netapp Inc | 股票-科技 | 0.30% | +0.03% | — | |
| 41 | CDTX | Cidara Therapeutics Inc | 股票-其他 | 0.30% | — | — | |
| 42 | EXPE | Expedia Group Inc | 股票-循環性消費 | 0.29% | +0.03% | +1566.95% | |
| 43 | VTR | Ventas Inc | 股票-房地產 | 0.27% | — | — | |
| 44 | CWAN | Clearwater Analytics Holdings, Inc. | 股票-科技 | 0.27% | -0.96% | EXIT | |
| 45 | ADSK | Autodesk Inc | 股票-科技 | 0.25% | +0.02% | -38.48% | |
| 46 | CFG | Citizens Financial Group | 股票-金融 | 0.24% | — | EXIT | |
| 47 | GM | General Motors Co | 股票-循環性消費 | 0.19% | -0.09% | +2.83% | |
| 48 | BMRN | Biomarin Pharmaceutical Inc | 股票-醫療保健 | 0.18% | -0.06% | EXIT | |
| 49 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.16% | -4.56% | EXIT | |
| 50 | FSK | Fs Kkr Capital CORP | 股票-金融 | 0.16% | +0.02% | +32.74% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | TSLA | Tesla Inc | +5.6% | +69.26% | 加碼 |
| 2 | AVGO | Broadcom Inc | +3.3% | +8507.42% | 加碼 |
| 3 | NVDA | Nvidia CORP | +2.5% | +479.85% | 加碼 |
| 4 | TECK | Teck Resources Ltd-cls B | +2% | +318.21% | 加碼 |
| 5 | ISRG | Intuitive Surgical Inc | +1.9% | +24539.77% | 加碼 |
| 6 | GOOGL | Alphabet Inc-cl A | +1.5% | +2654.98% | 加碼 |
| 7 | MU | Micron Technology Inc | +0.8% | +243.01% | 加碼 |
| 8 | UEC | Uranium Energy CORP | +0.7% | +110.25% | 加碼 |
| 9 | EXK | Exact Sciences CORP | +0.7% | +7829.29% | 加碼 |
| 10 | HLT | Hilton Worldwide Holdings In | +0.6% | +778.65% | 加碼 |
| 11 | CLS | Celestica Inc | +0.6% | +783.44% | 加碼 |
| 12 | ANET | Arista Networks Inc | +0.6% | +2694.87% | 加碼 |
| 13 | HON | Honeywell International Inc | +0.6% | +7400.31% | 加碼 |
| 14 | AMAT | Applied Materials Inc | +0.5% | +194.80% | 加碼 |
| 15 | LBRDK | Liberty Broadband-c | +0.4% | +11270.73% | 加碼 |
| 16 | MRK | Merck & Co. Inc. | +0.4% | +310.21% | 加碼 |
| 17 | TSM | Taiwan Semiconductor-sp Adr | +0.4% | +1040.20% | 加碼 |
| 18 | TMUS | T-mobile US Inc | +0.4% | +250.12% | 加碼 |
| 19 | CMG | Chipotle Mexican Grill Inc | +0.4% | +7724.78% | 加碼 |
| 20 | EXPE | Expedia Group Inc | +0.3% | +1566.95% | 加碼 |
| 21 | PLTR | Palantir Technologies Inc-a | +0.2% | +259.32% | 加碼 |
| 22 | NSC | Norfolk Southern CORP | +0.1% | +64.58% | 加碼 |
| 23 | LQDA | Liquidia CORP | +0.1% | +805.36% | 加碼 |
| 24 | CRM | Salesforce Inc | +0.1% | +984.66% | 加碼 |
| 25 | PCG | P G & E CORP | +0.1% | +1402.68% | 加碼 |
| 26 | KMPR | Kemper CORP | +0.1% | +2073.29% | 加碼 |
| 27 | NUVB | Nuvation Bio Inc | +0.1% | +204.20% | 加碼 |
| 28 | SUPN | Supernus Pharmaceuticals Inc | +0.1% | +383.65% | 加碼 |
| 29 | OTIS | Otis Worldwide CORP | +0.1% | +1583.19% | 加碼 |
| 30 | FCX | Freeport-mcmoran Inc | +0.1% | +852.97% | 加碼 |
| 31 | NOW | Servicenow Inc | +0.1% | +2973.25% | 加碼 |
| 32 | MRVL | Marvell Technology Inc | +0.1% | +373.97% | 加碼 |
| 33 | UBER | Uber Technologies Inc | +0.1% | +202.61% | 加碼 |
| 34 | USB | US Bancorp | +0.1% | +795.81% | 加碼 |
| 35 | ABNB | Airbnb Inc-class A | +0.1% | +319.99% | 加碼 |
| 36 | EOG | Eog Resources Inc | +0.1% | +773.24% | 加碼 |
| 37 | PHAT | Phathom Pharmaceuticals Inc | +0.1% | +371.79% | 加碼 |
| 38 | AME | Ametek Inc | +0.1% | +390.34% | 加碼 |
| 39 | GNTX | Gentex CORP | 0% | +163.52% | 加碼 |
| 40 | ACHC | Acadia Healthcare Co Inc | 0% | +225.23% | 加碼 |
| 41 | TPR | Tapestry Inc | 0% | +309.46% | 加碼 |
| 42 | DINO | Hf Sinclair CORP | 0% | +206.15% | 加碼 |
| 43 | FMC | Fmc CORP | 0% | +1244.32% | 加碼 |
| 44 | CENX | Century Aluminum Company | 0% | +62.69% | 加碼 |
| 45 | FTNT | Fortinet Inc | 0% | +393.52% | 加碼 |
| 46 | SCHW | Schwab (charles) CORP | 0% | +474.40% | 加碼 |
| 47 | FCNCA | First Citizens Bcshs -cl A | 0% | +64.98% | 加碼 |
| 48 | NOG | Northern Oil And Gas Inc | 0% | +77.94% | 加碼 |
| 49 | GM | General Motors Co | 0% | +2.83% | 加碼 |
| 50 | FSK | Fs Kkr Capital CORP | 0% | +32.74% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Caxton Associates LLP 在 Q4 2025 季度的美股持倉總市值約為 US$53.3億，共申報了 750 個公開持股部位。
在 Q4 2025 季度，Caxton Associates LLP 按市值排列的前三大核心持股分別為：TSLA (19.1%)、AMD (9.3%)、BP (7.1%)。其中最大持股部位 TSLA 佔據整體投資組合約 19.1% 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
AMD
市值: US$4.7億
本季最大獲利了結 / 清倉標的
SPY
前期市值: US$4.7億
在 Q4 2025 季度中，Caxton Associates LLP 共進行了 200 項持倉異動，包含新建倉 56 個部位、加碼 50 個部位、減碼 42 個部位以及清倉 52 個部位。 其中最大新建倉標的為 AMD。 本季清倉部位包含 SPY。
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。