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: 0001481986
申報總市值
—
US$50.0億
1113 檔
48.3%
截至 Q3 2025 季度末，DRW Securities, LLC 的美股持倉估值約為 US$50.0億，全數申報部位共有 1113 檔。
在 Q3 2025，DRW Securities, LLC 操作展現出積極擴展與加碼意向。本季共新建倉 48 個新部位，並對 75 個既有持股進行加碼（合計增持 123 檔），相較減碼與清倉部位顯著佔優。
檢視投資組合結構，前 5 大主力部位（包含 IWM, IBIT, QQQ）占據了總市值的 48.3%，展現出該機構在 Q3 2025 的重點資金聚焦與風險分佈特徵。
僅顯示前 200 大持股（共 1113 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 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 20.50% | — | +74.78% | |
| 2 | IBIT | Ishares Bitcoin Trust ETF | ETF-加密貨幣 | 9.54% | — | +1049.81% | |
| 3 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 5.58% | — | -35.37% | |
| 4 | SMH | Vaneck Semiconductor ETF | ETF-其他 | 4.83% | — | +1800.28% | |
| 5 | SOXX | Ishares Semiconductor ETF | ETF-其他 | 3.83% | — | +85.52% | |
| 6 | TSLA | Tesla Inc | 股票-循環性消費 | 2.55% | — | -12.86% | |
| 7 | PANW | Palo Alto Networks Inc | 股票-科技 | 2.42% | — | +7798.40% | |
| 8 | CRCL | Circle Internet Group Inc | 股票-金融 | 2.41% | — | — | |
| 9 | MU | Micron Technology Inc | 股票-科技 | 1.83% | — | +1262.04% | |
| 10 | ETHA | Ishares Ethereum Trust ETF | ETF-其他 | 1.79% | — | — | |
| 11 | NVDA | Nvidia CORP | 股票-科技 | 1.41% | — | -80.52% | |
| 12 | ✓ | 股票-其他 | 1.40% | — | +683.00% | ||
| 13 | CRWD | Crowdstrike Holdings Inc - A | 股票-科技 | 1.27% | — | +162.73% | |
| 14 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 1.22% | — | -64.20% | |
| 15 | AAPL | Apple Inc | 股票-科技 | 1.18% | — | -44.57% | |
| 16 | DJT | Trump Media & Technology Gro | 股票-通訊服務 | 1.17% | — | -1.13% | |
| 17 | AMGN | Amgen Inc | 股票-醫療保健 | 1.10% | — | +15.97% | |
| 18 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.05% | — | -22.64% | |
| 19 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-非投資等級債 | 0.95% | — | — | |
| 20 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.81% | — | -86.54% | |
| 21 | MSFT | Microsoft CORP | 股票-科技 | 0.71% | — | -60.03% | |
| 22 | MDB | Mongodb Inc | 股票-科技 | 0.70% | — | +5500.09% | |
| 23 | MSTR | Strategy Inc | 股票-科技 | 0.65% | — | +621.57% | |
| 24 | FXI | Ishares China Large-cap ETF | ETF-新興市場 | 0.63% | — | — | |
| 25 | DELL | Dell Technologies -c | 股票-科技 | 0.58% | — | -67.58% | |
| 26 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 0.53% | — | -39.62% | |
| 27 | BP | Bp Plc-spons Adr | 股票-能源 | 0.52% | — | +62.45% | |
| 28 | ASML | ASML Holding N.V. | 股票-科技 | 0.52% | — | +5004.38% | |
| 29 | ORCL | Oracle CORP | 股票-科技 | 0.46% | — | +40.53% | |
| 30 | AZNN | Astrazeneca Plc-spons Adr | 股票-其他 | 0.44% | — | +995.81% | |
| 31 | AVGO | Broadcom Inc | 股票-科技 | 0.40% | — | -25.57% | |
| 32 | VWO | Vanguard Ftse Emerging Marke | ETF-新興市場 | 0.40% | — | — | |
| 33 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 0.39% | — | -94.27% | |
| 34 | XLV | Ss Health Care Select Sector | ETF-其他 | 0.38% | — | -15.17% | |
| 35 | NFLX | Netflix Inc | 股票-通訊服務 | 0.33% | — | -41.80% | |
| 36 | TTEN | Totalenergies Se -spon Adr | 股票-其他 | 0.33% | — | +1040.27% | |
| 37 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.32% | — | -1.58% | |
| 38 | IEMG | Ishares Core Msci Emerging | ETF-新興市場 | 0.30% | — | — | |
| 39 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | ETF-投資等級公司債 | 0.30% | — | +623.81% | |
| 40 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.29% | — | +106.58% | |
| 41 | EMPD | Empery Digital Inc | 股票-其他 | 0.28% | — | — | |
| 42 | SCHF | Schwab Intl Equity ETF | ETF-其他 | 0.28% | — | -50.74% | |
| 43 | XOM | Exxon Mobil CORP | 股票-能源 | 0.28% | — | +117.80% | |
| 44 | XLF | Ss Financial Select Sector | ETF-其他 | 0.27% | — | +5577.79% | |
| 45 | V | Visa Inc-class A Shares | 股票-金融 | 0.26% | — | +139.80% | |
| 46 | BAC | Bank Of America CORP | 股票-金融 | 0.26% | — | +209.72% | |
| 47 | EA | Electronic Arts Inc | 股票-通訊服務 | 0.25% | — | +2275.57% | |
| 48 | WFC | Wells Fargo & Co | 股票-金融 | 0.24% | — | +40.12% | |
| 49 | SHY | Ishares 1-3 Year Treasury Bo | ETF-政府公債 | 0.24% | — | — | |
| 50 | ACWI | Ishares Msci Acwi ETF | ETF-其他 | 0.24% | — | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | IWM | Ishares Russell 2000 ETF | +16.2% | +74.78% | 加碼 |
| 2 | IBIT | Ishares Bitcoin Trust ETF | +6.1% | +1049.81% | 加碼 |
| 3 | SMH | Vaneck Semiconductor ETF | +2.6% | +1800.28% | 加碼 |
| 4 | PANW | Palo Alto Networks Inc | +2.4% | +7798.40% | 加碼 |
| 5 | ETHA | Ishares Ethereum Trust ETF | +1.4% | — | 加碼 |
| 6 | ✓ | +1.3% | +683.00% | 加碼 | |
| 7 | QQQ | Invesco Qqq Trust Series 1 | +1.1% | -35.37% | 加碼 |
| 8 | CRWD | Crowdstrike Holdings Inc - A | +1% | +162.73% | 加碼 |
| 9 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | +0.6% | — | 加碼 |
| 10 | AMGN | Amgen Inc | +0.6% | +15.97% | 加碼 |
| 11 | MSTR | Strategy Inc | +0.6% | +621.57% | 加碼 |
| 12 | DELL | Dell Technologies -c | +0.6% | -67.58% | 加碼 |
| 13 | FXI | Ishares China Large-cap ETF | +0.5% | — | 加碼 |
| 14 | ASML | ASML Holding N.V. | +0.5% | +5004.38% | 加碼 |
| 15 | ORCL | Oracle CORP | +0.5% | +40.53% | 加碼 |
| 16 | AZNN | Astrazeneca Plc-spons Adr | +0.4% | +995.81% | 加碼 |
| 17 | XLV | Ss Health Care Select Sector | +0.3% | -15.17% | 加碼 |
| 18 | EA | Electronic Arts Inc | +0.2% | +2275.57% | 加碼 |
| 19 | AVGO | Broadcom Inc | +0.2% | -25.57% | 加碼 |
| 20 | XOM | Exxon Mobil CORP | +0.2% | +117.80% | 加碼 |
| 21 | GS | Goldman Sachs Group Inc | +0.2% | -21.01% | 加碼 |
| 22 | C | Citigroup Inc | +0.2% | -5.15% | 加碼 |
| 23 | QCOM | Qualcomm Inc | +0.2% | +103.40% | 加碼 |
| 24 | AA | Alcoa CORP | +0.2% | +144.26% | 加碼 |
| 25 | XLF | Ss Financial Select Sector | +0.2% | +5577.79% | 加碼 |
| 26 | UAL | United Airlines Holdings Inc | +0.2% | — | 加碼 |
| 27 | CVX | Chevron CORP | +0.2% | +204.97% | 加碼 |
| 28 | GDX | Vaneck Gold Miners ETF | +0.2% | — | 加碼 |
| 29 | IEUR | Ishares Core Msci Europe ETF | +0.1% | +350.34% | 加碼 |
| 30 | EWA | Ishares Msci Australia ETF | +0.1% | +1116.94% | 加碼 |
| 31 | MA | Mastercard Inc - A | +0.1% | -33.42% | 加碼 |
| 32 | INTC | Intel CORP | +0.1% | +1161.78% | 加碼 |
| 33 | BAC | Bank Of America CORP | +0.1% | +209.72% | 加碼 |
| 34 | MS | Morgan Stanley | +0.1% | +90.74% | 加碼 |
| 35 | BRK-B | Berkshire Hathaway Inc-cl B | +0.1% | +106.58% | 加碼 |
| 36 | CNR | Core Natural Resources Inc | +0.1% | +64.51% | 加碼 |
| 37 | ARKB | Ark 21shares Bitcoin ETF | +0.1% | +125.96% | 加碼 |
| 38 | TFC | Truist Financial CORP | +0.1% | -19.93% | 加碼 |
| 39 | CB | Chubb Limited | +0.1% | +106.17% | 加碼 |
| 40 | SBUX | Starbucks CORP | +0.1% | — | 加碼 |
| 41 | TTEN | Totalenergies Se -spon Adr | +0.1% | +1040.27% | 加碼 |
| 42 | KWEB | Kranesh Csi China Internet | +0.1% | — | 加碼 |
| 43 | DUK | Duke Energy CORP | +0.1% | +26.02% | 加碼 |
| 44 | WBD | Warner Bros Discovery Inc | +0.1% | +1975.77% | 加碼 |
| 45 | Z | Zillow Group Inc - C | +0.1% | +887.30% | 加碼 |
| 46 | XLE | Ss Energy Select Sector | +0.1% | -85.13% | 加碼 |
| 47 | BG | Bunge Global SA | +0.1% | +235.53% | 加碼 |
| 48 | LRCX | Lam Research CORP | +0.1% | +100.46% | 加碼 |
| 49 | NOW | Servicenow Inc | +0.1% | -37.66% | 加碼 |
| 50 | WEC | Wec Energy Group Inc | +0.1% | — | 加碼 |
根據 SEC 官方 Form 13F 申報備案，DRW Securities, LLC 在 Q3 2025 季度的美股持倉總市值約為 US$50.0億，共申報了 1113 個公開持股部位。
在 Q3 2025 季度，DRW Securities, LLC 按市值排列的前三大核心持股分別為：IWM (20.5%)、IBIT (9.5%)、QQQ (5.6%)。其中最大持股部位 IWM 佔據整體投資組合約 20.5% 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
SOXX
市值: US$2.1億
本季最大獲利了結 / 清倉標的
EBAY
前期市值: US$3728.7萬
在 Q3 2025 季度中，DRW Securities, LLC 共進行了 200 項持倉異動，包含新建倉 48 個部位、加碼 75 個部位、減碼 39 個部位以及清倉 38 個部位。 其中最大新建倉標的為 SOXX。 本季清倉部位包含 EBAY。
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。