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: 0000938206
申報總市值
US$172.6億
US$172.6億
416 檔
7.8%
在 Q2 2025 申報期間，Driehaus Capital Management LLC（CIK: 0000938206）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$172.6億，共持有 416 個公開申報部位。
在 Q2 2025 期間，Driehaus Capital Management LLC 展現了靈活的資產再平衡步調，透過出清 47 檔弱勢或達到目標價部位，將資金轉置於 54 檔新建倉標的之中。
從部位權重觀察，前 5 大標的（包含 TSM, CCJ, IBN）累計市值佔比達 7.8%，是驅動 Driehaus Capital Management LLC 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 416 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 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 4.64% | -0.42% | -5.20% | |
| 2 | CCJ | Cameco CORP | 股票-能源 | 1.58% | -0.44% | +34.91% | |
| 3 | IBN | Icici Bank Ltd-spon Adr | 股票-金融 | 1.58% | — | -16.49% | |
| 4 | AXON | Axon Enterprise Inc | 股票-工業 | 1.54% | -0.30% | EXIT | |
| 5 | ✓ | Cyberark Software LTD. Cmn | 股票-其他 | 1.48% | — | +5.56% | |
| 6 | CRNX | Crinetics Pharmaceuticals In | 股票-其他 | 1.47% | -0.31% | +2.57% | |
| 7 | NTRA | Natera Inc | 股票-醫療保健 | 1.33% | +0.18% | +4.29% | |
| 8 | MELI | Mercadolibre Inc | 股票-循環性消費 | 1.14% | +0.39% | NEW | |
| 9 | XENE | Xenon Pharmaceuticals Inc | 股票-其他 | 1.09% | -0.37% | -5.44% | |
| 10 | CRDO | Credo Technology Group Holding Ltd | 股票-科技 | 1.08% | +0.81% | NEW | |
| 11 | CW | Curtiss-wright CORP | 股票-工業 | 1.08% | -0.12% | -2.31% | |
| 12 | GH | Guardant Health Inc | 股票-醫療保健 | 1.03% | +0.30% | +28.07% | |
| 13 | CRS | Carpenter Technology | 股票-工業 | 1.01% | -0.10% | -20.29% | |
| 14 | CVNA | Carvana Co | 股票-循環性消費 | 1.01% | — | +6.22% | |
| 15 | ALAB | Astera Labs Inc | 股票-科技 | 0.97% | +0.54% | NEW | |
| 16 | TMDX | Transmedics Group Inc | 股票-醫療保健 | 0.92% | -0.03% | EXIT | |
| 17 | ROAD | Construction Partners Inc-a | 股票-工業 | 0.91% | -0.21% | +29.02% | |
| 18 | HDB | Hdfc Bank Ltd-adr | 股票-金融 | 0.88% | — | — | |
| 19 | CVLT | Commvault Systems Inc | 股票-科技 | 0.87% | — | +17.18% | |
| 20 | SITM | Sitime CORP | 股票-科技 | 0.85% | +0.16% | +298.53% | |
| 21 | CR | Crane Co | 股票-工業 | 0.82% | -0.22% | +10.27% | |
| 22 | APGE | Apogee Therapeutics Inc | 股票-其他 | 0.80% | +0.15% | -1.23% | |
| 23 | STNE | StoneCo Ltd. | 股票-其他 | 0.80% | — | — | |
| 24 | BROS | Dutch Bros Inc-class A | 股票-循環性消費 | 0.80% | +0.46% | NEW | |
| 25 | BAP | Credicorp Ltd. | 股票-金融 | 0.79% | +0.14% | -23.32% | |
| 26 | CORZ | Core Scientific Inc | 股票-科技 | 0.79% | — | — | |
| 27 | STRL | Sterling Infrastructure Inc | 股票-工業 | 0.77% | +0.20% | — | |
| 28 | GPOR | Gulfport Energy CORP | 股票-其他 | 0.76% | — | +12.41% | |
| 29 | KRMN | Karman Holdings Inc | 股票-工業 | 0.71% | -0.58% | EXIT | |
| 30 | KTOS | Kratos Defense & Security | 股票-工業 | 0.70% | -0.17% | EXIT | |
| 31 | SRAD | Sportradar Group AG | 股票-其他 | 0.68% | — | +35.33% | |
| 32 | LTH | Life Time Group Holdings Inc | 股票-其他 | 0.68% | +0.55% | -11.50% | |
| 33 | SCCO | Southern Copper CORP | 股票-原物料 | 0.68% | +0.21% | -20.70% | |
| 34 | FN | Fabrinet | 股票-科技 | 0.68% | -1.44% | — | |
| 35 | AVAV | Aerovironment Inc | 股票-工業 | 0.67% | — | — | |
| 36 | PAY | Paymentus Holdings Inc-a | 股票-其他 | 0.67% | — | +33.99% | |
| 37 | UPST | Upstart Holdings Inc | 股票-金融 | 0.66% | — | +4.66% | |
| 38 | OLLI | Ollie's Bargain Outlet Holdi | 股票-非循環性消費 | 0.64% | — | — | |
| 39 | RYTM | Rhythm Pharmaceuticals Inc | 股票-其他 | 0.64% | -0.20% | -12.90% | |
| 40 | ITUB | Itau Unibanco H-spon Prf Adr | 股票-金融 | 0.64% | -0.08% | -19.06% | |
| 41 | SKWD | Skyward Specialty Insurance | 股票-其他 | 0.64% | — | +15.24% | |
| 42 | COHR | Coherent CORP | 股票-科技 | 0.62% | -0.31% | +53.09% | |
| 43 | NTNX | Nutanix Inc - A | 股票-科技 | 0.60% | — | +5.05% | |
| 44 | LITE | Lumentum Holdings Inc | 股票-科技 | 0.60% | -0.77% | — | |
| 45 | CLS | Celestica Inc | 股票-科技 | 0.59% | — | — | |
| 46 | PLMR | Palomar Holdings Inc | 股票-金融 | 0.59% | — | -15.06% | |
| 47 | BBIO | Bridgebio Pharma Inc | 股票-醫療保健 | 0.58% | -0.63% | EXIT | |
| 48 | DRS | Leonardo Drs Inc | 股票-工業 | 0.58% | — | +90.70% | |
| 49 | LRN | Stride Inc | 股票-非循環性消費 | 0.58% | — | -18.98% | |
| 50 | ✓ | Merus N V | 股票-其他 | 0.57% | — | +8.94% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | CRDO | Credo Technology Group Holding Ltd | +1.1% | NEW | 新建倉 |
| 2 | HDB | Hdfc Bank Ltd-adr | +0.9% | NEW | 新建倉 |
| 3 | ALAB | Astera Labs Inc | +0.9% | +568.86% | 加碼 |
| 4 | CCJ | Cameco CORP | +0.8% | +34.91% | 加碼 |
| 5 | STNE | StoneCo Ltd. | +0.8% | NEW | 新建倉 |
| 6 | CORZ | Core Scientific Inc | +0.8% | NEW | 新建倉 |
| 7 | STRL | Sterling Infrastructure Inc | +0.8% | NEW | 新建倉 |
| 8 | FN | Fabrinet | +0.7% | NEW | 新建倉 |
| 9 | AVAV | Aerovironment Inc | +0.7% | NEW | 新建倉 |
| 10 | SITM | Sitime CORP | +0.7% | +298.53% | 加碼 |
| 11 | OLLI | Ollie's Bargain Outlet Holdi | +0.6% | NEW | 新建倉 |
| 12 | LITE | Lumentum Holdings Inc | +0.6% | NEW | 新建倉 |
| 13 | CLS | Celestica Inc | +0.6% | NEW | 新建倉 |
| 14 | YMM | Full Truck Alliance -spn Adr | +0.6% | NEW | 新建倉 |
| 15 | ARM | Arm Holdings Plc-adr | +0.6% | +2166.24% | 加碼 |
| 16 | TME | Tencent Music Entertainm-adr | +0.5% | NEW | 新建倉 |
| 17 | RKLB | Rocket Lab CORP | +0.5% | NEW | 新建倉 |
| 18 | MOS | Mosaic Co/the | +0.5% | +646.31% | 加碼 |
| 19 | KRMN | Karman Holdings Inc | +0.5% | +148.50% | 加碼 |
| 20 | AXON | Axon Enterprise Inc | +0.5% | +8.25% | 加碼 |
| 21 | LRCX | Lam Research CORP | +0.5% | NEW | 新建倉 |
| 22 | TMDX | Transmedics Group Inc | +0.4% | +9.67% | 加碼 |
| 23 | MTSI | Macom Technology Solutions H | +0.4% | NEW | 新建倉 |
| 24 | IDCC | Interdigital Inc | +0.4% | NEW | 新建倉 |
| 25 | MIR | Mirion Technologies Inc | +0.4% | NEW | 新建倉 |
| 26 | ROAD | Construction Partners Inc-a | +0.3% | +29.02% | 加碼 |
| 27 | LOPE | Grand Canyon Education Inc | +0.3% | +255.92% | 加碼 |
| 28 | NU | Nu Holdings Ltd. | +0.3% | NEW | 新建倉 |
| 29 | CVSA | Covista Inc | +0.3% | NEW | 新建倉 |
| 30 | MOD | Modine Manufacturing Co | +0.3% | +166.06% | 加碼 |
| 31 | DAVE | Dave Inc | +0.3% | +83.36% | 加碼 |
| 32 | ODD | Oddity Tech Ltd. | +0.3% | NEW | 新建倉 |
| 33 | TSM | Taiwan Semiconductor-sp Adr | +0.3% | -5.20% | 減碼 |
| 34 | DRS | Leonardo Drs Inc | +0.3% | +90.70% | 加碼 |
| 35 | KTOS | Kratos Defense & Security | +0.3% | +38.59% | 加碼 |
| 36 | RBRK | Rubrik Inc-a | +0.3% | NEW | 新建倉 |
| 37 | PL | Planet Labs Pbc | +0.3% | NEW | 新建倉 |
| 38 | CVNA | Carvana Co | +0.3% | +6.22% | 加碼 |
| 39 | MGNI | Magnite Inc | +0.3% | +15.47% | 加碼 |
| 40 | AGX | Argan Inc | +0.3% | NEW | 新建倉 |
| 41 | COHR | Coherent CORP | +0.3% | +53.09% | 加碼 |
| 42 | VRNA | Verona Pharma PLC - Adr | +0.3% | NEW | 新建倉 |
| 43 | AVPT | Avepoint Inc | +0.3% | +135.60% | 加碼 |
| 44 | GH | Guardant Health Inc | +0.2% | +28.07% | 加碼 |
| 45 | MRX | Marex Group plc | +0.2% | NEW | 新建倉 |
| 46 | UEC | Uranium Energy CORP | +0.2% | +43.39% | 加碼 |
| 47 | SEPN | Septerna Inc | +0.2% | +49.89% | 加碼 |
| 48 | PTGX | Protagonist Therapeutics Inc | +0.2% | +222.33% | 加碼 |
| 49 | LEU | Centrus Energy Corp-class A | +0.2% | +39.47% | 加碼 |
| 50 | FIX | Comfort Systems USA Inc | +0.2% | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Driehaus Capital Management LLC 在 Q2 2025 季度的美股持倉總市值約為 US$172.6億，共申報了 416 個公開持股部位。
在 Q2 2025 季度，Driehaus Capital Management LLC 按市值排列的前三大核心持股分別為：TSM (4.6%)、CCJ (1.6%)、IBN (1.6%)。其中最大持股部位 TSM 佔據整體投資組合約 4.6% 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
CRDO
市值: US$1.4億
本季最大獲利了結 / 清倉標的
YUMC
前期市值: US$1.1億
在 Q2 2025 季度中，Driehaus Capital Management LLC 共進行了 200 項持倉異動，包含新建倉 54 個部位、加碼 59 個部位、減碼 40 個部位以及清倉 47 個部位。 其中最大新建倉標的為 CRDO。 本季清倉部位包含 YUMC。
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。