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: 0001745907
申報總市值
US$35.1億
US$35.1億
50 檔
29.3%
在 Q4 2025 的 13F 官方備案中，CloudAlpha Capital Management Limited/Hong Kong 管理的美股投資組合規模來到 US$35.1億，整體持股檔數為 50 檔。
在 Q4 2025 期間，CloudAlpha Capital Management Limited/Hong Kong 展現了靈活的資產再平衡步調，透過出清 15 檔弱勢或達到目標價部位，將資金轉置於 16 檔新建倉標的之中。
在資產配置集中度方面，CloudAlpha Capital Management Limited/Hong Kong 的前 5 大核心持股（包含 TSLA, QQQ, ASML 等）合計佔整體申報市值的 29.3%，反映機構在主要關鍵部位上的權重分佈。
本季最大新建倉標的
ASML
市值: US$1.3億
本季最大獲利了結 / 清倉標的
ETHU
前期市值: US$6367.0萬
| # | 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 | 25.95% | +5.84% | +14.05% | |
| 2 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 7.19% | +0.18% | -46.56% | |
| 3 | ASML | ASML Holding N.V. | 股票-科技 | 6.23% | — | — | |
| 4 | NVDA | Nvidia CORP | 股票-科技 | 4.67% | -3.46% | EXIT | |
| 5 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 4.34% | -1.64% | -33.09% | |
| 6 | SNDK | Sandisk CORP | 股票-科技 | 3.89% | -1.10% | +18.35% | |
| 7 | DELL | Dell Technologies -c | 股票-科技 | 3.56% | — | — | |
| 8 | LITE | Lumentum Holdings Inc | 股票-科技 | 3.43% | -4.76% | EXIT | |
| 9 | ORCL | Oracle CORP | 股票-科技 | 3.41% | — | +972.57% | |
| 10 | SOXX | Ishares Semiconductor ETF | ETF-其他 | 3.28% | +6.33% | +21.84% | |
| 11 | HPQ | Hp Inc | 股票-科技 | 3.04% | — | — | |
| 12 | NBIS | Nebius Group N.V. | 股票-其他 | 2.97% | — | +103.06% | |
| 13 | CRCL | Circle Internet Group Inc | 股票-金融 | 2.58% | -3.93% | EXIT | |
| 14 | LEU | Centrus Energy Corp-class A | 股票-能源 | 1.97% | -0.16% | EXIT | |
| 15 | AVGO | Broadcom Inc | 股票-科技 | 1.84% | — | -48.03% | |
| 16 | MU | Micron Technology Inc | 股票-科技 | 1.82% | +0.75% | -76.42% | |
| 17 | AMAT | Applied Materials Inc | 股票-科技 | 1.70% | +3.24% | NEW | |
| 18 | ARKK | Ark Innovation ETF | ETF-其他 | 1.59% | -0.36% | EXIT | |
| 19 | LRCX | Lam Research CORP | 股票-科技 | 1.54% | +8.16% | NEW | |
| 20 | FTAI | FTAI Aviation Ltd. | 股票-工業 | 1.39% | — | — | |
| 21 | CIEN | Ciena CORP | 股票-科技 | 1.37% | -1.17% | EXIT | |
| 22 | AXTI | Axt Inc | 股票-其他 | 1.07% | -0.65% | EXIT | |
| 23 | SLV | Ishares Silver Trust | ETF-避險與商品 | 1.00% | — | — | |
| 24 | WDC | Western Digital CORP | 股票-科技 | 0.98% | — | — | |
| 25 | AMZN | Amazon.com Inc | 股票-循環性消費 | 0.94% | — | — | |
| 26 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.93% | -1.03% | EXIT | |
| 27 | RKLB | Rocket Lab CORP | 股票-工業 | 0.79% | -0.81% | EXIT | |
| 28 | ALAB | Astera Labs Inc | 股票-科技 | 0.78% | +0.16% | -34.21% | |
| 29 | TTMI | Ttm Technologies | 股票-科技 | 0.60% | -0.31% | EXIT | |
| 30 | OKLO | Oklo Inc | 股票-公用事業 | 0.56% | — | — | |
| 31 | CLS | Celestica Inc | 股票-科技 | 0.47% | — | — | |
| 32 | BE | Bloom Energy Corp- A | 股票-工業 | 0.46% | +0.94% | NEW | |
| 33 | KEYS | Keysight Technologies In | 股票-科技 | 0.41% | — | — | |
| 34 | LSCC | Lattice Semiconductor CORP | 股票-科技 | 0.39% | -0.79% | EXIT | |
| 35 | ✓ | Junee Limited | 股票-其他 | 0.38% | — | +260.10% | |
| 36 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.36% | — | -90.16% | |
| 37 | ONDS | Ondas Inc | 股票-科技 | 0.32% | — | — | |
| 38 | HOOD | Robinhood Markets Inc - A | 股票-金融 | 0.28% | +0.67% | NEW | |
| 39 | IREN | IREN Limited | 股票-其他 | 0.24% | — | +101.45% | |
| 40 | CLSK | Cleanspark Inc | 股票-金融 | 0.23% | — | — | |
| 41 | HUT | Hut 8 CORP | 股票-金融 | 0.21% | — | — | |
| 42 | 1B2 | Bitfarms Ltd/canada | 股票-其他 | 0.18% | — | — | |
| 43 | API | Agora Inc-adr | 股票-其他 | 0.12% | -0.08% | EXIT | |
| 44 | IONQ | Ionq Inc | 股票-科技 | 0.11% | -0.05% | EXIT | |
| 45 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 0.10% | +1.72% | -81.76% | |
| 46 | RGTI | Rigetti Computing Inc | 股票-科技 | 0.08% | -0.04% | EXIT | |
| 47 | QBTS | D-wave Quantum Inc | 股票-科技 | 0.08% | -0.03% | EXIT | |
| 48 | CIFR | Cipher Digital Inc | 股票-科技 | 0.07% | -0.05% | EXIT | |
| 49 | NRG | Nrg Energy Inc | 股票-公用事業 | 0.03% | -0.02% | EXIT | |
| 50 | SMR | Nuscale Power CORP | 股票-工業 | 0.03% | -0.03% | EXIT |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | TSLA | Tesla Inc | +8.8% | +14.05% | 加碼 |
| 2 | ORCL | Oracle CORP | +3.1% | +972.57% | 加碼 |
| 3 | SNDK | Sandisk CORP | +2.7% | +18.35% | 加碼 |
| 4 | NBIS | Nebius Group N.V. | +1.5% | +103.06% | 加碼 |
| 5 | SOXX | Ishares Semiconductor ETF | +1.4% | +21.84% | 加碼 |
| 6 | AMAT | Applied Materials Inc | +1.4% | +204.80% | 加碼 |
| 7 | CRCL | Circle Internet Group Inc | +1.2% | +142.86% | 加碼 |
| 8 | LITE | Lumentum Holdings Inc | +1.2% | -49.33% | 減碼 |
| 9 | CIEN | Ciena CORP | +0.6% | -12.84% | 減碼 |
| 10 | GOOGL | Alphabet Inc-cl A | +0.5% | -33.09% | 減碼 |
| 11 | LRCX | Lam Research CORP | +0.1% | -38.55% | 減碼 |
| 12 | TSM | Taiwan Semiconductor-sp Adr | -0.3% | -81.76% | 減碼 |
| 13 | ALAB | Astera Labs Inc | -0.3% | -34.21% | 減碼 |
| 14 | AVGO | Broadcom Inc | -0.7% | -48.03% | 減碼 |
| 15 | HOOD | Robinhood Markets Inc - A | -0.9% | -78.18% | 減碼 |
| 16 | MU | Micron Technology Inc | -1.6% | -76.42% | 減碼 |
| 17 | GOOG | Alphabet Inc-cl C | -1.8% | -90.16% | 減碼 |
| 18 | QQQ | Invesco Qqq Trust Series 1 | -2.8% | -46.56% | 減碼 |
| 19 | NVDA | Nvidia CORP | -21.8% | -86.52% | 減碼 |
| 20 | ASML | ASML Holding N.V. | — | NEW | 新建倉 |
| 21 | DELL | Dell Technologies -c | — | NEW | 新建倉 |
| 22 | HPQ | Hp Inc | — | NEW | 新建倉 |
| 23 | ETHU | 2x Ether ETF | — | EXIT | 清倉 |
| 24 | AMD | Advanced Micro Devices | — | EXIT | 清倉 |
| 25 | ONTO | Onto Innovation Inc | — | EXIT | 清倉 |
| 26 | KLAC | Kla CORP | — | EXIT | 清倉 |
| 27 | XRT | Ss Spdr S&p Retail ETF | — | EXIT | 清倉 |
| 28 | ARKK | Ark Innovation ETF | — | NEW | 新建倉 |
| 29 | SBET | Sharplink Inc | — | EXIT | 清倉 |
| 30 | CVNA | Carvana Co | — | EXIT | 清倉 |
| 31 | COHR | Coherent CORP | — | EXIT | 清倉 |
| 32 | FTAI | FTAI Aviation Ltd. | — | NEW | 新建倉 |
| 33 | AAOI | Applied Optoelectronics Inc | — | EXIT | 清倉 |
| 34 | CRWV | Coreweave Inc-cl A | — | EXIT | 清倉 |
| 35 | AXTI | Axt Inc | — | NEW | 新建倉 |
| 36 | INTC | Intel CORP | — | EXIT | 清倉 |
| 37 | SLV | Ishares Silver Trust | — | NEW | 新建倉 |
| 38 | WDC | Western Digital CORP | — | NEW | 新建倉 |
| 39 | AMZN | Amazon.com Inc | — | NEW | 新建倉 |
| 40 | META | Meta Platforms Inc-class A | — | NEW | 新建倉 |
| 41 | RMBS | Rambus Inc | — | EXIT | 清倉 |
| 42 | RKLB | Rocket Lab CORP | — | NEW | 新建倉 |
| 43 | CRDO | Credo Technology Group Holding Ltd | — | EXIT | 清倉 |
| 44 | GTLB | Gitlab Inc-cl A | — | EXIT | 清倉 |
| 45 | TTMI | Ttm Technologies | — | NEW | 新建倉 |
| 46 | DDOG | Datadog Inc - Class A | — | EXIT | 清倉 |
| 47 | OKLO | Oklo Inc | — | NEW | 新建倉 |
| 48 | CLS | Celestica Inc | — | NEW | 新建倉 |
| 49 | KEYS | Keysight Technologies In | — | NEW | 新建倉 |
| 50 | LSCC | Lattice Semiconductor CORP | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，CloudAlpha Capital Management Limited/Hong Kong 在 Q4 2025 季度的美股持倉總市值約為 US$35.1億，共申報了 50 個公開持股部位。
在 Q4 2025 季度，CloudAlpha Capital Management Limited/Hong Kong 按市值排列的前三大核心持股分別為：TSLA (25.9%)、QQQ (7.2%)、ASML (6.2%)。其中最大持股部位 TSLA 佔據整體投資組合約 25.9% 的權重。
在 Q4 2025 季度中，CloudAlpha Capital Management Limited/Hong Kong 共進行了 50 項持倉異動，包含新建倉 16 個部位、加碼 7 個部位、減碼 12 個部位以及清倉 15 個部位。 其中最大新建倉標的為 ASML。 本季清倉部位包含 ETHU。
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。