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: 0001632813
申報總市值
US$118.0億
US$118.0億
305 檔
22.7%
在 Q2 2025 的 13F 官方備案中，CMT Capital Markets Trading GmbH 管理的美股投資組合規模來到 US$118.0億，整體持股檔數為 305 檔。
在 Q2 2025 期間，CMT Capital Markets Trading GmbH 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 18 檔新建倉標的之中。
從部位權重觀察，前 5 大標的（包含 NFLX, META, MSFT）累計市值佔比達 22.7%，是驅動 CMT Capital Markets Trading GmbH 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 305 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 | NFLX | Netflix, Inc. | 股票-通訊服務 | 10.15% | -0.69% | -3.29% | |
| 2 | META | Meta Platforms, Inc. | 股票-通訊服務 | 6.68% | -0.81% | +12.91% | |
| 3 | MSFT | Microsoft Corporation | 股票-科技 | 4.55% | +0.37% | -8.72% | |
| 4 | ✓ | Meta Platforms Inc | 股票-其他 | 4.55% | -0.30% | -15.55% | |
| 5 | ADBE | Adobe Inc. | 股票-科技 | 3.76% | -1.65% | +113.10% | |
| 6 | AAPL | Apple Inc. | 股票-科技 | 3.72% | +0.25% | +24.29% | |
| 7 | JPM | JPMorgan Chase & Co. | 股票-金融 | 2.99% | -0.10% | +1.28% | |
| 8 | JPM | JPMorgan Chase & Co. | 股票-金融 | 2.72% | -0.18% | -23.45% | |
| 9 | MSFT | Microsoft Corporation | 股票-科技 | 2.50% | +0.38% | +75.71% | |
| 10 | GS | The Goldman Sachs Group, Inc. | 股票-金融 | 2.05% | +2.26% | +26.30% | |
| 11 | NFLX | Netflix, Inc. | 股票-通訊服務 | 2.03% | -0.14% | +106.47% | |
| 12 | HOOD | Robinhood Markets, Inc. | 股票-金融 | 1.91% | +0.02% | +17.41% | |
| 13 | C | Citigroup Inc. | 股票-金融 | 1.89% | -1.45% | -10.81% | |
| 14 | GOOG | Alphabet Inc. | 股票-通訊服務 | 1.71% | -0.10% | -23.90% | |
| 15 | TSLA | Tesla, Inc. | 股票-循環性消費 | 1.68% | +0.57% | +37.48% | |
| 16 | TSM | Taiwan Semiconductor Manufacturing Company Limited | 股票-科技 | 1.50% | -0.13% | — | |
| 17 | C | Citigroup Inc. | 股票-金融 | 1.46% | -1.10% | -4.52% | |
| 18 | SMHC | VanEck China Semiconductor ETF | ETF-新興市場 | 1.46% | -1.61% | -2.85% | |
| 19 | GS | The Goldman Sachs Group, Inc. | 股票-金融 | 1.40% | +1.04% | +6.47% | |
| 20 | ✓ | Alphabet Inc | 股票-其他 | 1.39% | +0.53% | +2.69% | |
| 21 | AVGO | Broadcom Inc. | 股票-科技 | 1.29% | +0.04% | -14.45% | |
| 22 | ✓ | Spdr S&P 500 Etf Tr Put Option | ETF-大型股與成長 | 1.20% | -0.13% | -6.63% | |
| 23 | COIN | Coinbase Global, Inc. | 股票-金融 | 1.19% | -0.12% | -4.18% | |
| 24 | AVGO | Broadcom Inc. | 股票-科技 | 1.08% | -0.04% | -17.08% | |
| 25 | NVDA | NVIDIA Corporation | 股票-科技 | 1.07% | -0.09% | +84.06% | |
| 26 | INDS | Pacer Benchmark Industrial Real Estate SCTR ETF | ETF-其他 | 1.06% | -0.12% | -23.29% | |
| 27 | PYPL | PayPal Holdings, Inc. | 股票-金融 | 1.04% | -0.11% | +51.15% | |
| 28 | SMHC | VanEck China Semiconductor ETF | ETF-新興市場 | 1.03% | -0.97% | -14.36% | |
| 29 | AMZN | Amazon.com, Inc. | 股票-循環性消費 | 0.95% | -0.21% | -11.80% | |
| 30 | CRM | Salesforce, Inc. | 股票-科技 | 0.87% | +0.24% | -1.64% | |
| 31 | SHOP | Shopify Inc. | 股票-科技 | 0.83% | -0.65% | +26.30% | |
| 32 | TSLA | Tesla, Inc. | 股票-循環性消費 | 0.80% | +0.16% | -36.97% | |
| 33 | MCHX | Marchex, Inc. | 股票-其他 | 0.67% | +0.04% | +36.99% | |
| 34 | IBM | International Business Machines Corporation | 股票-科技 | 0.67% | +0.05% | -29.35% | |
| 35 | SBUX | Starbucks Corporation | 股票-循環性消費 | 0.64% | -0.27% | +23.73% | |
| 36 | WFC | Wells Fargo & Company | 股票-金融 | 0.62% | -0.10% | -10.93% | |
| 37 | AMD | Advanced Micro Devices, Inc. | 股票-科技 | 0.60% | +0.83% | +4.41% | |
| 38 | GLD | SPDR Gold Shares | ETF-避險與商品 | 0.59% | -1.01% | +37.50% | |
| 39 | AXP | American Express Company | 股票-金融 | 0.58% | -0.13% | -37.46% | |
| 40 | COIN | Coinbase Global, Inc. | 股票-金融 | 0.56% | -0.08% | -29.86% | |
| 41 | HOOD | Robinhood Markets, Inc. | 股票-金融 | 0.56% | -0.01% | +42.05% | |
| 42 | DIS | The Walt Disney Company | 股票-通訊服務 | 0.52% | -0.01% | -75.32% | |
| 43 | SBUX | Starbucks Corporation | 股票-循環性消費 | 0.48% | -0.19% | -1.04% | |
| 44 | UBER | Uber Technologies, Inc. | 股票-工業 | 0.46% | -0.14% | +68.51% | |
| 45 | ARM | Arm Holdings plc | 股票-科技 | 0.45% | +0.45% | +45.68% | |
| 46 | VOO | Vanguard S&P 500 ETF | ETF-大型股與成長 | 0.44% | -0.12% | +288.53% | |
| 47 | VALE | Vale S.A. | 股票-原物料 | 0.43% | -0.13% | +127.00% | |
| 48 | ✓ | Pdd Holdings Inc | 股票-其他 | 0.43% | +0.11% | -14.23% | |
| 49 | SPY | State Street SPDR S&P 500 ETF Trust | ETF-大型股與成長 | 0.41% | +0.15% | -72.54% | |
| 50 | TSM | Taiwan Semiconductor Manufacturing Company Limited | 股票-科技 | 0.40% | +0.13% | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | ADBE | Adobe Inc. | +1.7% | +113.10% | 加碼 |
| 2 | TSM | Taiwan Semiconductor Manufacturing Company Limited | +1.5% | NEW | 新建倉 |
| 3 | NFLX | Netflix, Inc. | +1.4% | -3.29% | 減碼 |
| 4 | MSFT | Microsoft Corporation | +1.2% | +75.71% | 加碼 |
| 5 | NFLX | Netflix, Inc. | +1.2% | +106.47% | 加碼 |
| 6 | META | Meta Platforms, Inc. | +1.2% | +12.91% | 加碼 |
| 7 | HOOD | Robinhood Markets, Inc. | +1.1% | +17.41% | 加碼 |
| 8 | NVDA | NVIDIA Corporation | +0.6% | +84.06% | 加碼 |
| 9 | GS | The Goldman Sachs Group, Inc. | +0.6% | +26.30% | 加碼 |
| 10 | TSLA | Tesla, Inc. | +0.5% | +37.48% | 加碼 |
| 11 | COIN | Coinbase Global, Inc. | +0.5% | -4.18% | 減碼 |
| 12 | TSM | Taiwan Semiconductor Manufacturing Company Limited | +0.4% | NEW | 新建倉 |
| 13 | HOOD | Robinhood Markets, Inc. | +0.4% | +42.05% | 加碼 |
| 14 | VOO | Vanguard S&P 500 ETF | +0.4% | +288.53% | 加碼 |
| 15 | PYPL | PayPal Holdings, Inc. | +0.3% | +51.15% | 加碼 |
| 16 | ARM | Arm Holdings plc | +0.2% | +45.68% | 加碼 |
| 17 | AVGO | Broadcom Inc. | +0.2% | -14.45% | 減碼 |
| 18 | UBER | Uber Technologies, Inc. | +0.2% | +68.51% | 加碼 |
| 19 | SHOP | Shopify Inc - Class A | +0.2% | +4527.21% | 加碼 |
| 20 | VALE | Vale S.A. | +0.2% | +127.00% | 加碼 |
| 21 | VALE | Vale S.A. | +0.2% | +532.15% | 加碼 |
| 22 | ADBE | Adobe Inc | +0.2% | +3257.14% | 加碼 |
| 23 | GS | The Goldman Sachs Group, Inc. | +0.2% | +6.47% | 加碼 |
| 24 | SHOP | Shopify Inc. | +0.2% | +26.30% | 加碼 |
| 25 | ✓ | Kraneshares Tr | +0.2% | +198.34% | 加碼 |
| 26 | ✓ | Ishares Tr | +0.1% | +103.00% | 加碼 |
| 27 | C | Citigroup Inc | +0.1% | NEW | 新建倉 |
| 28 | CAT | Caterpillar Inc. | +0.1% | +326.80% | 加碼 |
| 29 | AVGO | Broadcom Inc. | +0.1% | -17.08% | 減碼 |
| 30 | ✓ | Ishares Inc | +0.1% | +410.86% | 加碼 |
| 31 | ABNB | Airbnb, Inc. | +0.1% | +87.27% | 加碼 |
| 32 | GLD | SPDR Gold Shares | +0.1% | +94.25% | 加碼 |
| 33 | ARM | Arm Holdings plc | +0.1% | +63.50% | 加碼 |
| 34 | AMD | Advanced Micro Devices, Inc. | +0.1% | +4.41% | 加碼 |
| 35 | GLD | SPDR Gold Shares | +0.1% | +37.50% | 加碼 |
| 36 | PYPL | PayPal Holdings, Inc. | +0.1% | +44.60% | 加碼 |
| 37 | COIN | Coinbase Global, Inc. | +0.1% | -29.86% | 減碼 |
| 38 | ✓ | Ishares Inc | +0.1% | +77.86% | 加碼 |
| 39 | ✓ | General Mtrs Co | +0.1% | +335.82% | 加碼 |
| 40 | SNPS | Synopsys, Inc. | +0.1% | +1100.00% | 加碼 |
| 41 | MSTR | Strategy Inc | +0.1% | +2785.71% | 加碼 |
| 42 | CAT | Caterpillar Inc. | +0.1% | +74.60% | 加碼 |
| 43 | WMT | Walmart Inc | +0.1% | +358.32% | 加碼 |
| 44 | MSTR | Strategy Inc | +0.1% | NEW | 新建倉 |
| 45 | TSLA | Tesla Inc | +0.1% | +856.73% | 加碼 |
| 46 | SOFI | SoFi Technologies, Inc. | +0.1% | +399.05% | 加碼 |
| 47 | GS | Goldman Sachs Group Inc | +0.1% | NEW | 新建倉 |
| 48 | ✓ | Kla CORP | +0.1% | NEW | 新建倉 |
| 49 | TLT | Ishares 20+ Year Treasury Bd | +0.1% | NEW | 新建倉 |
| 50 | MSFT | Microsoft Corporation | +0.1% | -8.72% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，CMT Capital Markets Trading GmbH 在 Q2 2025 季度的美股持倉總市值約為 US$118.0億，共申報了 305 個公開持股部位。
在 Q2 2025 季度，CMT Capital Markets Trading GmbH 按市值排列的前三大核心持股分別為：NFLX (10.2%)、META (6.7%)、MSFT (4.5%)。其中最大持股部位 NFLX 佔據整體投資組合約 10.2% 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
TSM
市值: US$1.4億
本季最大獲利了結 / 清倉標的
BABA
前期市值: US$4645.2萬
在 Q2 2025 季度中，CMT Capital Markets Trading GmbH 共進行了 200 項持倉異動，包含新建倉 18 個部位、加碼 82 個部位、減碼 85 個部位以及清倉 15 個部位。 其中最大新建倉標的為 TSM。 本季清倉部位包含 BABA。
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。