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: 0001752759
申報總市值
US$20.6億
US$20.6億
109 檔
19.7%
在 Q3 2025 申報期間，Dnca Finance（CIK: 0001752759）向美國 SEC 提交的 Form 13F 報告顯示，其追蹤之股票投資組合總市值達 US$20.6億，共持有 109 個公開申報部位。
數據顯示 Dnca Finance 於 Q3 2025 季度持續回收資金，對 44 個既有部位進行裁減並清倉 43 個標的，組合整體流動性比重有所上升。
在資產配置集中度方面，Dnca Finance 的前 5 大核心持股（包含 MSFT, NVDA, GOOGL 等）合計佔整體申報市值的 19.7%，反映機構在主要關鍵部位上的權重分佈。
| # | 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 | MSFT | Microsoft CORP | 股票-科技 | 6.25% | -0.36% | +9.50% | |
| 2 | NVDA | Nvidia CORP | 股票-科技 | 5.58% | -0.58% | -3.64% | |
| 3 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 5.50% | -1.19% | +92.71% | |
| 4 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 5.48% | -0.34% | +16.46% | |
| 5 | FLUT | Flutter Entertainment plc | 股票-循環性消費 | 5.01% | -0.67% | +12.22% | |
| 6 | CRH | CRH plc | 股票-原物料 | 4.64% | +0.60% | +2.36% | |
| 7 | V | Visa Inc-class A Shares | 股票-金融 | 4.23% | -0.18% | -16.50% | |
| 8 | AVGO | Broadcom Inc | 股票-科技 | 3.77% | -0.12% | -2.28% | |
| 9 | WMT | Walmart Inc | 股票-非循環性消費 | 3.29% | -1.60% | +25.43% | |
| 10 | AMZN | Amazon.com Inc | 股票-循環性消費 | 3.23% | +0.20% | +54.63% | |
| 11 | NFLX | Netflix Inc | 股票-通訊服務 | 2.98% | -1.78% | +20.98% | |
| 12 | AAPL | Apple Inc | 股票-科技 | 2.87% | +0.27% | +71.53% | |
| 13 | ORCL | Oracle CORP | 股票-科技 | 2.72% | -0.10% | +20.30% | |
| 14 | RACE | Ferrari N.V. | 股票-循環性消費 | 2.36% | +0.18% | -45.40% | |
| 15 | MA | Mastercard Inc - A | 股票-金融 | 2.11% | -0.40% | +51.46% | |
| 16 | GS | Goldman Sachs Group Inc | 股票-金融 | 1.74% | +0.15% | +33.33% | |
| 17 | QGEN | Qiagen N.V. | 股票-醫療保健 | 1.69% | — | +7.52% | |
| 18 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.62% | -0.34% | EXIT | |
| 19 | SPOT | Spotify Technology S.A. | 股票-通訊服務 | 1.55% | -0.01% | +25.35% | |
| 20 | PANW | Palo Alto Networks Inc | 股票-科技 | 1.49% | +0.41% | +2.80% | |
| 21 | DE | Deere & Co | 股票-工業 | 1.41% | -0.14% | -4.26% | |
| 22 | VRT | Vertiv Holdings Co-a | 股票-工業 | 1.32% | -0.29% | +163.95% | |
| 23 | TT | Trane Technologies plc | 股票-工業 | 1.30% | +0.05% | — | |
| 24 | UBER | Uber Technologies Inc | 股票-工業 | 1.30% | -0.05% | +304.34% | |
| 25 | DHI | Dr Horton Inc | 股票-循環性消費 | 1.22% | +0.11% | +13.51% | |
| 26 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 1.16% | -0.03% | +63.75% | |
| 27 | CRM | Salesforce Inc | 股票-科技 | 1.06% | -0.34% | +89.05% | |
| 28 | MMM | 3m Co | 股票-工業 | 1.06% | — | +33.33% | |
| 29 | HD | Home Depot Inc | 股票-循環性消費 | 1.04% | — | -6.25% | |
| 30 | ANET | Arista Networks Inc | 股票-科技 | 1.03% | +0.14% | +8.68% | |
| 31 | LIN | Linde plc | 股票-原物料 | 0.98% | +0.52% | -36.46% | |
| 32 | MELI | Mercadolibre Inc | 股票-循環性消費 | 0.94% | — | -12.38% | |
| 33 | CRWD | Crowdstrike Holdings Inc - A | 股票-科技 | 0.87% | +0.18% | -5.87% | |
| 34 | DIS | Walt Disney Co/the | 股票-通訊服務 | 0.81% | — | -15.20% | |
| 35 | VEEV | Veeva Systems Inc-class A | 股票-醫療保健 | 0.79% | -0.02% | +16.83% | |
| 36 | ISRG | Intuitive Surgical Inc | 股票-醫療保健 | 0.73% | -0.16% | +13.78% | |
| 37 | ADSK | Autodesk Inc | 股票-科技 | 0.71% | -0.09% | +38.30% | |
| 38 | SNPS | Synopsys Inc | 股票-科技 | 0.70% | — | -42.89% | |
| 39 | AMD | Advanced Micro Devices | 股票-科技 | 0.70% | +1.61% | +10.83% | |
| 40 | APP | Applovin Corp-class A | 股票-科技 | 0.62% | +0.03% | — | |
| 41 | NOW | Servicenow Inc | 股票-科技 | 0.60% | +0.22% | +36.00% | |
| 42 | DOLE | Dole plc | 股票-其他 | 0.58% | -0.37% | EXIT | |
| 43 | DDOG | Datadog Inc - Class A | 股票-科技 | 0.57% | +0.17% | +106.74% | |
| 44 | AVAV 0 07-15-30債券 | Aerovironment Inc | 債券 | 0.55% | -0.05% | — | |
| 45 | INTU | Intuit Inc | 股票-科技 | 0.51% | — | +61.76% | |
| 46 | MU | Micron Technology Inc | 股票-科技 | 0.49% | +2.77% | +38.55% | |
| 47 | TOST | Toast Inc-class A | 股票-科技 | 0.49% | — | +25.82% | |
| 48 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 0.48% | +0.56% | -65.32% | |
| 49 | SNOW | Snowflake Inc | 股票-科技 | 0.47% | +0.15% | +50.00% | |
| 50 | ROP | Roper Technologies Inc | 股票-科技 | 0.45% | — | +54.39% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | GOOGL | Alphabet Inc-cl A | +3.5% | +92.71% | 加碼 |
| 2 | MSFT | Microsoft CORP | +2.3% | +9.50% | 加碼 |
| 3 | NVDA | Nvidia CORP | +2.1% | -3.64% | 加碼 |
| 4 | AVGO | Broadcom Inc | +2% | -2.28% | 加碼 |
| 5 | ORCL | Oracle CORP | +1.9% | +20.30% | 加碼 |
| 6 | META | Meta Platforms Inc-class A | +1.3% | +16.46% | 加碼 |
| 7 | AMZN | Amazon.com Inc | +1.1% | +54.63% | 加碼 |
| 8 | UBER | Uber Technologies Inc | +1.1% | +304.34% | 加碼 |
| 9 | VRT | Vertiv Holdings Co-a | +1% | +163.95% | 加碼 |
| 10 | SPOT | Spotify Technology S.A. | +0.8% | +25.35% | 加碼 |
| 11 | NFLX | Netflix Inc | +0.8% | +20.98% | 加碼 |
| 12 | WMT | Walmart Inc | +0.7% | +25.43% | 加碼 |
| 13 | ANET | Arista Networks Inc | +0.7% | +8.68% | 加碼 |
| 14 | CRM | Salesforce Inc | +0.6% | +89.05% | 加碼 |
| 15 | MA | Mastercard Inc - A | +0.6% | +51.46% | 加碼 |
| 16 | BKNG | Booking Holdings Inc | +0.5% | +63.75% | 加碼 |
| 17 | AMD | Advanced Micro Devices | +0.4% | +10.83% | 加碼 |
| 18 | ADSK | Autodesk Inc | +0.4% | +38.30% | 加碼 |
| 19 | DHI | Dr Horton Inc | +0.4% | +13.51% | 加碼 |
| 20 | MMM | 3m Co | +0.4% | +33.33% | 加碼 |
| 21 | AAPL | Apple Inc | +0.4% | +71.53% | 加碼 |
| 22 | CRWD | Crowdstrike Holdings Inc - A | +0.3% | -5.87% | 加碼 |
| 23 | DDOG | Datadog Inc - Class A | +0.3% | +106.74% | 加碼 |
| 24 | ISRG | Intuitive Surgical Inc | +0.3% | +13.78% | 加碼 |
| 25 | GS | Goldman Sachs Group Inc | +0.3% | +33.33% | 減碼 |
| 26 | TOST | Toast Inc-class A | +0.2% | +25.82% | 加碼 |
| 27 | SNOW | Snowflake Inc | +0.2% | +50.00% | 加碼 |
| 28 | NOW | Servicenow Inc | +0.2% | +36.00% | 加碼 |
| 29 | TT | Trane Technologies plc | +0.2% | — | 加碼 |
| 30 | INTU | Intuit Inc | +0.2% | +61.76% | 加碼 |
| 31 | MU | Micron Technology Inc | +0.2% | +38.55% | 減碼 |
| 32 | PCOR | Procore Technologies Inc | +0.1% | +60.50% | 加碼 |
| 33 | MELI | Mercadolibre Inc | +0.1% | -12.38% | 加碼 |
| 34 | PANW | Palo Alto Networks Inc | 0% | +2.80% | 加碼 |
| 35 | LITE 0.5 06-15-28債券 | Lumentum Holdings Inc | 0% | -26.92% | 加碼 |
| 36 | ON 0.5 03-01-29債券 | On Semiconductor CORP | 0% | — | 加碼 |
| 37 | RGEN 1 12-15-28債券 | Repligen CORP | 0% | +45.45% | 加碼 |
| 38 | FOUR 0.5 08-01-27債券 | Shift4 Payments Inc | 0% | — | 加碼 |
| 39 | SHOPCN 0.125 11-01-25債券 | Shopify Inc | 0% | — | 加碼 |
| 40 | RIVN 3.625 10-15-30債券 | Rivian Auto Inc | — | +17.39% | 加碼 |
| 41 | SPOT 0 03-15-26債券 | Spotify USA Inc | — | +10.00% | 加碼 |
| 42 | PSN 2.625 03-01-29債券 | Parsons CORP | — | — | 不變 |
| 43 | FWONK 2.25 08-15-27債券 | Liberty Media CORP | — | — | 不變 |
| 44 | DBX 0 03-01-28債券 | Dropbox Inc | — | — | 不變 |
| 45 | HALO 1 08-15-28債券 | Halozyme Therapeutics In | 0% | — | 不變 |
| 46 | NET 0 08-15-26債券 | Cloudflare Inc | 0% | — | 減碼 |
| 47 | EXPE 0 02-15-26債券 | Expedia Group Inc | 0% | — | 不變 |
| 48 | DBX 0 03-01-26債券 | Dropbox Inc | 0% | — | 不變 |
| 49 | ROP | Roper Technologies Inc | 0% | +54.39% | 加碼 |
| 50 | BSY 0.375 07-01-27債券 | Bentley Systems | 0% | — | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Dnca Finance 在 Q3 2025 季度的美股持倉總市值約為 US$20.6億，共申報了 109 個公開持股部位。
在 Q3 2025 季度，Dnca Finance 按市值排列的前三大核心持股分別為：MSFT (6.3%)、NVDA (5.6%)、GOOGL (5.5%)。其中最大持股部位 MSFT 佔據整體投資組合約 6.3% 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
QGEN
市值: US$2473.6萬
本季最大獲利了結 / 清倉標的
T
前期市值: US$2394.3萬
在 Q3 2025 季度中，Dnca Finance 共進行了 145 項持倉異動，包含新建倉 17 個部位、加碼 41 個部位、減碼 44 個部位以及清倉 43 個部位。 其中最大新建倉標的為 QGEN。 本季清倉部位包含 T。
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。