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: 0001423053
申報總市值
US$8750.1億
US$8750.1億
6523 檔
19.0%
根據最新整理的 13F 季度數據集，Citadel Advisors LLC 於 Q3 2025 結束時的管理資產規模為 US$8750.1億。該機構在本季度申報了 6523 檔美股持倉，呈現出該時期的主要投資地圖。
觀察 Q3 2025 的申報異動，Citadel Advisors LLC 採取了強勁的買進策略，建倉與加碼動作（合計 132 筆）涵蓋多個核心板塊，展現機構對特定產業前景之樂觀態度。
檢視投資組合結構，前 5 大主力部位（包含 SPY, QQQ, TSLA）占據了總市值的 19.0%，展現出該機構在 Q3 2025 的重點資金聚焦與風險分佈特徵。
本季最大新建倉標的
BMNR
市值: US$8.1億
本季最大獲利了結 / 清倉標的
HES
前期市值: US$13.9億
僅顯示前 200 大持股（共 6523 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 | 7.08% | -0.02% | -25.38% | |
| 2 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 6.58% | +0.57% | +6.61% | |
| 3 | TSLA | Tesla Inc | 股票-循環性消費 | 4.86% | -1.12% | +5.29% | |
| 4 | NVDA | Nvidia CORP | 股票-科技 | 4.34% | -1.16% | -5.24% | |
| 5 | AAPL | Apple Inc | 股票-科技 | 2.41% | -0.28% | +10.97% | |
| 6 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.41% | -0.58% | +5.53% | |
| 7 | MSFT | Microsoft CORP | 股票-科技 | 1.97% | +0.06% | +26.35% | |
| 8 | GLD | Spdr Gold Shares | ETF-避險與商品 | 1.80% | -1.50% | +55.57% | |
| 9 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 1.75% | -0.03% | -12.91% | |
| 10 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.53% | -0.34% | +15.48% | |
| 11 | MSTR | Strategy Inc | 股票-科技 | 1.36% | -0.18% | +31.81% | |
| 12 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.17% | -0.18% | -2.89% | |
| 13 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 1.13% | -0.16% | +59.09% | |
| 14 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 1.10% | -0.45% | -7.66% | |
| 15 | NFLX | Netflix Inc | 股票-通訊服務 | 1.02% | -0.50% | -15.18% | |
| 16 | AVGO | Broadcom Inc | 股票-科技 | 1.00% | -0.15% | +11.65% | |
| 17 | AMD | Advanced Micro Devices | 股票-科技 | 0.87% | +1.31% | -14.80% | |
| 18 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.81% | — | +64.85% | |
| 19 | ORCL | Oracle CORP | 股票-科技 | 0.76% | -0.05% | +43.92% | |
| 20 | HOOD | Robinhood Markets Inc - A | 股票-金融 | 0.67% | +0.11% | +19.91% | |
| 21 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.66% | +0.18% | -9.56% | |
| 22 | BABA | Alibaba Group Holding-sp Adr | 股票-循環性消費 | 0.64% | -0.05% | +20.96% | |
| 23 | APP | Applovin Corp-class A | 股票-科技 | 0.60% | -0.09% | +1.01% | |
| 24 | COIN | Coinbase Global Inc -class A | 股票-金融 | 0.60% | -0.10% | -11.10% | |
| 25 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.57% | -0.08% | +10.38% | |
| 26 | MU | Micron Technology Inc | 股票-科技 | 0.53% | +2.76% | +12.97% | |
| 27 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-非投資等級債 | 0.52% | -0.10% | +3.90% | |
| 28 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.51% | -0.09% | +43.04% | |
| 29 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.48% | -0.11% | -20.28% | |
| 30 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 0.47% | +0.12% | -15.77% | |
| 31 | CRWD | Crowdstrike Holdings Inc - A | 股票-科技 | 0.43% | +0.18% | +1.13% | |
| 32 | INTC | Intel CORP | 股票-科技 | 0.42% | +0.56% | +11.90% | |
| 33 | SMH | Vaneck Semiconductor ETF | ETF-其他 | 0.42% | +1.34% | -18.19% | |
| 34 | TLT | Ishares 20+ Year Treasury Bd | ETF-政府公債 | 0.41% | -0.04% | -0.10% | |
| 35 | V | Visa Inc-class A Shares | 股票-金融 | 0.40% | -0.05% | +91.21% | |
| 36 | IBIT | Ishares Bitcoin Trust ETF | ETF-加密貨幣 | 0.38% | -0.07% | +43.85% | |
| 37 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.37% | -0.01% | +4.75% | |
| 38 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 0.37% | -0.28% | -21.63% | |
| 39 | C | Citigroup Inc | 股票-金融 | 0.36% | -0.12% | +1.41% | |
| 40 | ASML | ASML Holding N.V. | 股票-科技 | 0.35% | +0.04% | +36.29% | |
| 41 | BA | Boeing Co/the | 股票-工業 | 0.34% | -0.10% | -6.18% | |
| 42 | SLV | Ishares Silver Trust | ETF-避險與商品 | 0.31% | -0.58% | +51.28% | |
| 43 | CVNA | Carvana Co | 股票-循環性消費 | 0.31% | -0.13% | -0.81% | |
| 44 | HD | Home Depot Inc | 股票-循環性消費 | 0.29% | -0.02% | -10.07% | |
| 45 | FSLR | First Solar Inc | 股票-科技 | 0.29% | -0.02% | -4.69% | |
| 46 | CRWV | Coreweave Inc-cl A | 股票-科技 | 0.28% | +0.02% | +283.73% | |
| 47 | SPOT | Spotify Technology S.A. | 股票-通訊服務 | 0.28% | -0.07% | +40.90% | |
| 48 | ADBE | Adobe Inc | 股票-科技 | 0.27% | +0.01% | +19.39% | |
| 49 | WMT | Walmart Inc | 股票-非循環性消費 | 0.27% | -0.07% | -8.47% | |
| 50 | TQQQ | Proshares Ultrapro Qqq | ETF-其他 | 0.27% | +0.06% | +88.10% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | TSLA | Tesla Inc | +0.9% | +5.29% | 減碼 |
| 2 | NVDA | Nvidia CORP | +0.9% | -5.24% | 減碼 |
| 3 | UNH | Unitedhealth Group Inc | +0.8% | +59.09% | 加碼 |
| 4 | GLD | Spdr Gold Shares | +0.7% | +55.57% | 加碼 |
| 5 | MSFT | Microsoft CORP | +0.6% | +26.35% | 加碼 |
| 6 | HOOD | Robinhood Markets Inc - A | +0.5% | +19.91% | 加碼 |
| 7 | ORCL | Oracle CORP | +0.5% | +43.92% | 加碼 |
| 8 | AVGO | Broadcom Inc | +0.4% | +11.65% | 加碼 |
| 9 | GOOG | Alphabet Inc-cl C | +0.4% | +64.85% | 加碼 |
| 10 | APP | Applovin Corp-class A | +0.4% | +1.01% | 加碼 |
| 11 | GOOGL | Alphabet Inc-cl A | +0.4% | -2.89% | 加碼 |
| 12 | PLTR | Palantir Technologies Inc-a | +0.4% | -7.66% | 減碼 |
| 13 | CRWV | Coreweave Inc-cl A | +0.3% | +283.73% | 加碼 |
| 14 | MU | Micron Technology Inc | +0.3% | +12.97% | 加碼 |
| 15 | V | Visa Inc-class A Shares | +0.2% | +91.21% | 加碼 |
| 16 | TQQQ | Proshares Ultrapro Qqq | +0.2% | +88.10% | 加碼 |
| 17 | COIN | Coinbase Global Inc -class A | +0.2% | -11.10% | 減碼 |
| 18 | GS | Goldman Sachs Group Inc | +0.2% | +10.38% | 加碼 |
| 19 | FSLR | First Solar Inc | +0.2% | -4.69% | 加碼 |
| 20 | IREN | IREN Limited | +0.2% | +17.22% | 加碼 |
| 21 | IBIT | Ishares Bitcoin Trust ETF | +0.2% | +43.85% | 加碼 |
| 22 | WDC | Western Digital CORP | +0.2% | +48.07% | 加碼 |
| 23 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | +0.2% | +69.00% | 加碼 |
| 24 | OKLO | Oklo Inc | +0.2% | +47.89% | 加碼 |
| 25 | CVNA | Carvana Co | +0.1% | -0.81% | 加碼 |
| 26 | EWZ | Ishares Msci Brazil ETF | +0.1% | +97.51% | 加碼 |
| 27 | NBIS | Nebius Group N.V. | +0.1% | +61.56% | 加碼 |
| 28 | SLV | Ishares Silver Trust | +0.1% | +51.28% | 加碼 |
| 29 | KWEB | Kranesh Csi China Internet | +0.1% | +198.73% | 加碼 |
| 30 | BABA | Alibaba Group Holding-sp Adr | +0.1% | +20.96% | 加碼 |
| 31 | C | Citigroup Inc | +0.1% | +1.41% | 加碼 |
| 32 | GDX | Vaneck Gold Miners ETF | +0.1% | +93.76% | 加碼 |
| 33 | STX | Seagate Technology Holdings plc | +0.1% | +30.45% | 加碼 |
| 34 | AMZN | Amazon.com Inc | +0.1% | +15.48% | 加碼 |
| 35 | CRWD | Crowdstrike Holdings Inc - A | +0.1% | +1.13% | 加碼 |
| 36 | INTC | Intel CORP | +0.1% | +11.90% | 加碼 |
| 37 | ASML | ASML Holding N.V. | +0.1% | +36.29% | 加碼 |
| 38 | GEV | GE Vernova Inc | +0.1% | +0.40% | 加碼 |
| 39 | RDDT | Reddit Inc-cl A | +0.1% | +8.95% | 減碼 |
| 40 | SOFI | Sofi Technologies Inc | +0.1% | +30.82% | 加碼 |
| 41 | ETHA | Ishares Ethereum Trust ETF | +0.1% | +436.21% | 加碼 |
| 42 | MSTR | Strategy Inc | +0.1% | +31.81% | 加碼 |
| 43 | MRVL | Marvell Technology Inc | +0.1% | +84.65% | 加碼 |
| 44 | LULU | Lululemon Athletica Inc | +0.1% | +130.31% | 加碼 |
| 45 | NSC | Norfolk Southern CORP | +0.1% | +1372.02% | 加碼 |
| 46 | ALAB | Astera Labs Inc | +0.1% | +265.11% | 加碼 |
| 47 | SMH | Vaneck Semiconductor ETF | +0.1% | -18.19% | 減碼 |
| 48 | SPOT | Spotify Technology S.A. | +0.1% | +40.90% | 加碼 |
| 49 | RBLX | Roblox CORP -class A | +0.1% | +15.54% | 加碼 |
| 50 | DAL | Delta Air Lines Inc | +0.1% | +39.00% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Citadel Advisors LLC 在 Q3 2025 季度的美股持倉總市值約為 US$8750.1億，共申報了 6523 個公開持股部位。
在 Q3 2025 季度，Citadel Advisors LLC 按市值排列的前三大核心持股分別為：SPY (7.1%)、QQQ (6.6%)、TSLA (4.9%)。其中最大持股部位 SPY 佔據整體投資組合約 7.1% 的權重。
在 Q3 2025 季度中，Citadel Advisors LLC 共進行了 200 項持倉異動，包含新建倉 4 個部位、加碼 128 個部位、減碼 65 個部位以及清倉 3 個部位。 其中最大新建倉標的為 BMNR。 本季清倉部位包含 HES。
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。