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
431 檔
8.3%
根據最新整理的 13F 季度數據集，Driehaus Capital Management LLC 於 Q3 2025 結束時的管理資產規模為 US$172.6億。該機構在本季度申報了 431 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，Driehaus Capital Management LLC 採取了強勁的買進策略，建倉與加碼動作（合計 117 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。
整體而言，Driehaus Capital Management LLC 的前 5 大持股（包含 TSM, CRNX, PL）貢獻了組合市值的 8.3%，形成該機構在 Q3 2025 季度的基本面基石。
僅顯示前 200 大持股（共 431 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 | 4.49% | -0.42% | -12.35% | |
| 2 | CRNX | Crinetics Pharmaceuticals In | 股票-其他 | 1.93% | -0.31% | +1.27% | |
| 3 | PL | Planet Labs Pbc | 股票-工業 | 1.34% | -0.34% | +137.08% | |
| 4 | SITM | Sitime CORP | 股票-科技 | 1.24% | +0.16% | +14.86% | |
| 5 | XENE | Xenon Pharmaceuticals Inc | 股票-其他 | 1.20% | -0.37% | -3.84% | |
| 6 | IBN | Icici Bank Ltd-spon Adr | 股票-金融 | 1.16% | — | -8.65% | |
| 7 | ALAB | Astera Labs Inc | 股票-科技 | 1.16% | +0.54% | NEW | |
| 8 | CCJ | Cameco CORP | 股票-能源 | 1.05% | -0.44% | -34.39% | |
| 9 | CW | Curtiss-wright CORP | 股票-工業 | 1.05% | -0.12% | -2.64% | |
| 10 | RYTM | Rhythm Pharmaceuticals Inc | 股票-其他 | 1.00% | -0.20% | +8.96% | |
| 11 | FN | Fabrinet | 股票-科技 | 0.98% | -1.44% | +30.03% | |
| 12 | GH | Guardant Health Inc | 股票-醫療保健 | 0.96% | +0.30% | -13.06% | |
| 13 | CRDO | Credo Technology Group Holding Ltd | 股票-科技 | 0.91% | +0.81% | NEW | |
| 14 | UEC | Uranium Energy CORP | 股票-能源 | 0.91% | -0.65% | -10.21% | |
| 15 | STRL | Sterling Infrastructure Inc | 股票-工業 | 0.87% | +0.20% | -14.19% | |
| 16 | CVLT | Commvault Systems Inc | 股票-科技 | 0.86% | — | +2.77% | |
| 17 | CVNA | Carvana Co | 股票-循環性消費 | 0.86% | — | -14.72% | |
| 18 | AXON | Axon Enterprise Inc | 股票-工業 | 0.85% | -0.30% | EXIT | |
| 19 | BAP | Credicorp Ltd. | 股票-金融 | 0.84% | +0.14% | +0.36% | |
| 20 | IDCC | Interdigital Inc | 股票-科技 | 0.82% | -0.62% | +60.98% | |
| 21 | ROAD | Construction Partners Inc-a | 股票-工業 | 0.81% | -0.21% | -16.46% | |
| 22 | KRMN | Karman Holdings Inc | 股票-工業 | 0.80% | -0.58% | EXIT | |
| 23 | LEU | Centrus Energy Corp-class A | 股票-能源 | 0.80% | -0.06% | EXIT | |
| 24 | HDB | Hdfc Bank Ltd-adr | 股票-金融 | 0.78% | — | +124.20% | |
| 25 | FTAI | FTAI Aviation Ltd. | 股票-工業 | 0.78% | -0.60% | +12.55% | |
| 26 | AVAV | Aerovironment Inc | 股票-工業 | 0.75% | — | +13.74% | |
| 27 | WULF | Terawulf Inc | 股票-金融 | 0.74% | +0.24% | +168.50% | |
| 28 | CR | Crane Co | 股票-工業 | 0.71% | -0.22% | -0.81% | |
| 29 | LITE | Lumentum Holdings Inc | 股票-科技 | 0.71% | -0.77% | -22.79% | |
| 30 | STNE | StoneCo Ltd. | 股票-其他 | 0.69% | — | -18.87% | |
| 31 | MOD | Modine Manufacturing Co | 股票-循環性消費 | 0.69% | -0.14% | +3.56% | |
| 32 | NTRA | Natera Inc | 股票-醫療保健 | 0.68% | +0.18% | -40.50% | |
| 33 | PI | Impinj Inc | 股票-科技 | 0.67% | — | — | |
| 34 | SEPN | Septerna Inc | 股票-其他 | 0.66% | +0.08% | +5.12% | |
| 35 | BE | Bloom Energy Corp- A | 股票-工業 | 0.66% | -0.17% | — | |
| 36 | SCCO | Southern Copper CORP | 股票-原物料 | 0.65% | +0.21% | -10.96% | |
| 37 | VALE | Vale Sa-sp Adr | 股票-原物料 | 0.64% | +0.20% | +97.52% | |
| 38 | BBIO | Bridgebio Pharma Inc | 股票-醫療保健 | 0.62% | -0.63% | EXIT | |
| 39 | APGE | Apogee Therapeutics Inc | 股票-其他 | 0.61% | +0.15% | -6.59% | |
| 40 | KTOS | Kratos Defense & Security | 股票-工業 | 0.60% | -0.17% | EXIT | |
| 41 | TMDX | Transmedics Group Inc | 股票-醫療保健 | 0.59% | -0.03% | EXIT | |
| 42 | LOPE | Grand Canyon Education Inc | 股票-非循環性消費 | 0.59% | — | +16.07% | |
| 43 | HCI | Hci Group Inc | 股票-其他 | 0.59% | — | -8.36% | |
| 44 | RSI | Rush Street Interactive Inc | 股票-其他 | 0.59% | +0.33% | +82.53% | |
| 45 | XMTR | Xometry Inc-a | 股票-其他 | 0.58% | +0.54% | +105.43% | |
| 46 | RKLB | Rocket Lab CORP | 股票-工業 | 0.58% | -0.06% | -5.02% | |
| 47 | CLS | Celestica Inc | 股票-科技 | 0.56% | — | -32.47% | |
| 48 | BOOT | Boot Barn Holdings Inc | 股票-循環性消費 | 0.56% | — | +20.02% | |
| 49 | PAAS | Pan American Silver CORP | 股票-原物料 | 0.56% | -0.17% | +20.02% | |
| 50 | CPA | Copa Holdings, S.A. | 股票-其他 | 0.56% | -0.01% | +752.99% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | SITM | Sitime CORP | +1.1% | +14.86% | 加碼 |
| 2 | ALAB | Astera Labs Inc | +1% | -38.70% | 加碼 |
| 3 | LEU | Centrus Energy Corp-class A | +0.7% | +66.20% | 加碼 |
| 4 | UEC | Uranium Energy CORP | +0.6% | -10.21% | 加碼 |
| 5 | KRMN | Karman Holdings Inc | +0.6% | -12.31% | 加碼 |
| 6 | MOD | Modine Manufacturing Co | +0.5% | +3.56% | 加碼 |
| 7 | SEPN | Septerna Inc | +0.5% | +5.12% | 加碼 |
| 8 | BE | Bloom Energy Corp- A | +0.5% | — | 加碼 |
| 9 | XMTR | Xometry Inc-a | +0.5% | +105.43% | 加碼 |
| 10 | LOPE | Grand Canyon Education Inc | +0.4% | +16.07% | 加碼 |
| 11 | PTGX | Protagonist Therapeutics Inc | +0.4% | +50.43% | 加碼 |
| 12 | EOSE | Eos Energy Enterprises Inc | +0.4% | -6.77% | 加碼 |
| 13 | AEM | Agnico Eagle Mines LTD | +0.4% | +8681.58% | 加碼 |
| 14 | SRRK | Scholar Rock Holding CORP | +0.4% | +71.88% | 加碼 |
| 15 | AMSC | American Superconductor CORP | +0.4% | +45.14% | 加碼 |
| 16 | DAVE | Dave Inc | +0.4% | +59.96% | 加碼 |
| 17 | RSI | Rush Street Interactive Inc | +0.3% | +82.53% | 加碼 |
| 18 | VALE | Vale Sa-sp Adr | +0.3% | +97.52% | 加碼 |
| 19 | CCJ | Cameco CORP | +0.3% | -34.39% | 減碼 |
| 20 | BOOT | Boot Barn Holdings Inc | +0.3% | +20.02% | 加碼 |
| 21 | RYTM | Rhythm Pharmaceuticals Inc | +0.3% | +8.96% | 減碼 |
| 22 | ROAD | Construction Partners Inc-a | +0.2% | -16.46% | 加碼 |
| 23 | KTOS | Kratos Defense & Security | +0.2% | -51.45% | 減碼 |
| 24 | BWXT | Bwx Technologies Inc | +0.2% | -9.06% | 加碼 |
| 25 | CAE | Cae Inc | +0.2% | +95.99% | 加碼 |
| 26 | CW | Curtiss-wright CORP | +0.2% | -2.64% | 減碼 |
| 27 | TSM | Taiwan Semiconductor-sp Adr | +0.2% | -12.35% | 減碼 |
| 28 | GH | Guardant Health Inc | +0.2% | -13.06% | 加碼 |
| 29 | ADPT | Adaptive Biotechnologies | +0.2% | +24.61% | 加碼 |
| 30 | ARLO | Arlo Technologies Inc | +0.2% | +24.40% | 加碼 |
| 31 | CVNA | Carvana Co | +0.2% | -14.72% | 減碼 |
| 32 | NXE | Nexgen Energy LTD | +0.2% | +14.41% | 加碼 |
| 33 | REAL | Realreal Inc/the | +0.2% | +85.36% | 加碼 |
| 34 | GIL | Gildan Activewear Inc | +0.1% | +34.36% | 加碼 |
| 35 | RBC | RBC Bearings Inc | +0.1% | +34.22% | 加碼 |
| 36 | KRRO | Korro Bio Inc | +0.1% | +15.69% | 加碼 |
| 37 | BBIO | Bridgebio Pharma Inc | +0.1% | -1.72% | 加碼 |
| 38 | PWR | Quanta Services Inc | +0.1% | -9.06% | 加碼 |
| 39 | HOOD | Robinhood Markets Inc - A | +0.1% | -33.13% | 減碼 |
| 40 | PRCH | Porch Group Inc | +0.1% | -16.00% | 減碼 |
| 41 | TMDX | Transmedics Group Inc | +0.1% | -13.57% | 減碼 |
| 42 | TARS | Tarsus Pharmaceuticals Inc | +0.1% | +17.63% | 加碼 |
| 43 | VSEC | Vse CORP | +0.1% | -13.48% | 加碼 |
| 44 | FSS | Federal Signal CORP | +0.1% | +0.27% | 加碼 |
| 45 | MP | Mp Materials CORP | +0.1% | — | 減碼 |
| 46 | PAY | Paymentus Holdings Inc-a | +0.1% | -2.89% | 加碼 |
| 47 | CVLT | Commvault Systems Inc | +0.1% | +2.77% | 加碼 |
| 48 | TCOM | Trip.com Group Ltd-adr | 0% | +87.20% | 加碼 |
| 49 | PAAS | Pan American Silver CORP | 0% | +20.02% | 減碼 |
| 50 | CR | Crane Co | 0% | -0.81% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Driehaus Capital Management LLC 在 Q3 2025 季度的美股持倉總市值約為 US$172.6億，共申報了 431 個公開持股部位。
在 Q3 2025 季度，Driehaus Capital Management LLC 按市值排列的前三大核心持股分別為：TSM (4.5%)、CRNX (1.9%)、PL (1.3%)。其中最大持股部位 TSM 佔據整體投資組合約 4.5% 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
PL
市值: US$1.9億
本季最大獲利了結 / 清倉標的
SFM
前期市值: US$1.5億
在 Q3 2025 季度中，Driehaus Capital Management LLC 共進行了 200 項持倉異動，包含新建倉 77 個部位、加碼 40 個部位、減碼 31 個部位以及清倉 52 個部位。 其中最大新建倉標的為 PL。 本季清倉部位包含 SFM。
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。