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: 0001798849
申報總市值
US$102.8億
US$102.8億
48 檔
35.0%
在 Q3 2025 申報期間，Durable Capital Partners LP（CIK: 0001798849）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$102.8億，共持有 48 個公開申報部位。
觀察 Q3 2025 的資金脈絡，Durable Capital Partners LP 在獲利結算 13 檔個股的同時，將資本重新部署至 10 檔新選標的，展現主動管理機構的輪動節奏。
從部位權重觀察，前 5 大標的（包含 RBC, CPNG, SHOP）累計市值佔比達 35.0%，是驅動 Durable Capital Partners LP 該季度整體投資組合績效表現的核心支柱。
| # | 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 | RBC | RBC Bearings Inc | 股票-工業 | 7.29% | -2.02% | — | |
| 2 | CPNG | Coupang Inc | 股票-循環性消費 | 5.93% | -1.84% | +0.36% | |
| 3 | SHOP | Shopify Inc - Class A | 股票-科技 | 5.00% | +1.40% | — | |
| 4 | CIGI | Colliers Intl Gr-subord Vot | 股票-其他 | 4.28% | -0.91% | EXIT | |
| 5 | XPO | Xpo Inc | 股票-工業 | 4.15% | -1.04% | +20.48% | |
| 6 | APG | Api Group CORP | 股票-工業 | 3.79% | -1.16% | +40.24% | |
| 7 | RBLX | Roblox CORP -class A | 股票-通訊服務 | 3.62% | -0.38% | EXIT | |
| 8 | AYI | Acuity Inc | 股票-工業 | 3.48% | -0.78% | +9.10% | |
| 9 | AFRM | Affirm Holdings Inc | 股票-金融 | 3.39% | +0.85% | -15.17% | |
| 10 | DASH | Doordash Inc - A | 股票-循環性消費 | 3.37% | +0.85% | +62.83% | |
| 11 | FOUR | Shift4 Payments Inc-class A | 股票-科技 | 3.23% | -0.69% | -15.59% | |
| 12 | MELI | Mercadolibre Inc | 股票-循環性消費 | 3.04% | -1.14% | +18.55% | |
| 13 | VEEV | Veeva Systems Inc-class A | 股票-醫療保健 | 2.78% | — | +28.85% | |
| 14 | FSV | Firstservice CORP | 股票-其他 | 2.71% | — | +12.89% | |
| 15 | ENTG | Entegris Inc | 股票-科技 | 2.58% | -0.66% | +23.20% | |
| 16 | CVNA | Carvana Co | 股票-循環性消費 | 2.49% | +1.08% | — | |
| 17 | FLUT | Flutter Entertainment plc | 股票-循環性消費 | 2.34% | — | +274.15% | |
| 18 | WST | West Pharmaceutical Services | 股票-醫療保健 | 2.28% | — | +12.68% | |
| 19 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 2.21% | — | +48.28% | |
| 20 | INTU | Intuit Inc | 股票-科技 | 2.21% | — | -44.11% | |
| 21 | PRVA | Privia Health Group Inc | 股票-其他 | 2.16% | +0.35% | +1.77% | |
| 22 | DUOL | Duolingo | 股票-科技 | 2.09% | — | -18.49% | |
| 23 | FIG | Figma Inc-cl A | 股票-其他 | 2.06% | — | — | |
| 24 | FERG | Ferguson Enterprises Inc | 股票-工業 | 1.81% | +1.62% | — | |
| 25 | WRBY | Warby Parker Inc-class A | 股票-其他 | 1.79% | +0.50% | -8.81% | |
| 26 | TOST | Toast Inc-class A | 股票-科技 | 1.72% | — | -37.92% | |
| 27 | ESAB | Esab CORP | 股票-工業 | 1.61% | -0.03% | EXIT | |
| 28 | RKT | Rocket Cos Inc-class A | 股票-金融 | 1.58% | -0.30% | — | |
| 29 | YOU | Clear Secure Inc -class A | 股票-科技 | 1.57% | -1.48% | EXIT | |
| 30 | CBZ | Cbiz Inc | 股票-其他 | 1.54% | — | — | |
| 31 | OPCH | Option Care Health Inc | 股票-醫療保健 | 1.53% | -1.23% | -9.78% | |
| 32 | WIX | Wix.com Ltd. | 股票-科技 | 1.36% | -0.99% | — | |
| 33 | HUBS | Hubspot Inc | 股票-科技 | 1.13% | — | -45.60% | |
| 34 | VSEC | Vse CORP | 股票-工業 | 1.07% | -0.49% | — | |
| 35 | APP | Applovin Corp-class A | 股票-科技 | 1.00% | — | — | |
| 36 | CLH | Clean Harbors Inc | 股票-工業 | 0.99% | -0.51% | — | |
| 37 | FND | Floor & Decor Holdings Inc-a | 股票-循環性消費 | 0.90% | — | +17.66% | |
| 38 | GSHD | Goosehead Insurance Inc -a | 股票-其他 | 0.85% | +0.18% | +126.52% | |
| 39 | MASI* | Masimo CORP | 股票-其他 | 0.68% | — | -46.68% | |
| 40 | TECH | Bio-techne CORP | 股票-醫療保健 | 0.58% | -2.06% | — | |
| 41 | AUR | Aurora Innovation Inc | 股票-循環性消費 | 0.48% | +0.66% | -40.97% | |
| 42 | RH | Rh | 股票-循環性消費 | 0.33% | — | -65.73% | |
| 43 | BIRK | Birkenstock Holding plc | 股票-其他 | 0.30% | — | — | |
| 44 | XMTR | Xometry Inc-a | 股票-其他 | 0.27% | +0.93% | — | |
| 45 | ROP | Roper Technologies Inc | 股票-科技 | 0.21% | — | -82.88% | |
| 46 | OM | Outset Medical Inc | 股票-其他 | 0.11% | — | -38.22% | |
| 47 | VIA | Via Transportation Inc-cl A | 股票-其他 | 0.07% | — | — | |
| 48 | SG | Sweetgreen Inc - Class A | 股票-其他 | 0.04% | — | -68.95% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | XPO | Xpo Inc | +2.2% | +20.48% | 加碼 |
| 2 | MELI | Mercadolibre Inc | +2% | +18.55% | 加碼 |
| 3 | FLUT | Flutter Entertainment plc | +1.9% | +274.15% | 加碼 |
| 4 | RBLX | Roblox CORP -class A | +1.8% | -23.07% | 加碼 |
| 5 | DASH | Doordash Inc - A | +1.7% | +62.83% | 加碼 |
| 6 | CPNG | Coupang Inc | +1.4% | +0.36% | 加碼 |
| 7 | SHOP | Shopify Inc - Class A | +1.4% | — | 加碼 |
| 8 | CIGI | Colliers Intl Gr-subord Vot | +1.1% | +2.03% | 加碼 |
| 9 | APG | Api Group CORP | +0.9% | +40.24% | 加碼 |
| 10 | AYI | Acuity Inc | +0.9% | +9.10% | 加碼 |
| 11 | YOU | Clear Secure Inc -class A | +0.9% | -15.01% | 加碼 |
| 12 | FERG | Ferguson Enterprises Inc | +0.8% | — | 加碼 |
| 13 | AFRM | Affirm Holdings Inc | +0.7% | -15.17% | 減碼 |
| 14 | ESAB | Esab CORP | +0.6% | +40.48% | 加碼 |
| 15 | WIX | Wix.com Ltd. | +0.5% | — | 加碼 |
| 16 | OPCH | Option Care Health Inc | +0.4% | -9.78% | 加碼 |
| 17 | ENTG | Entegris Inc | +0.3% | +23.20% | 加碼 |
| 18 | APP | Applovin Corp-class A | +0.2% | — | 減碼 |
| 19 | BIRK | Birkenstock Holding plc | +0.2% | — | 加碼 |
| 20 | VSEC | Vse CORP | +0.1% | — | 不變 |
| 21 | WRBY | Warby Parker Inc-class A | +0.1% | -8.81% | 減碼 |
| 22 | OM | Outset Medical Inc | -0.1% | -38.22% | 減碼 |
| 23 | PRVA | Privia Health Group Inc | -0.1% | +1.77% | 加碼 |
| 24 | RH | Rh | -0.3% | -65.73% | 減碼 |
| 25 | RBC | RBC Bearings Inc | -0.3% | — | 減碼 |
| 26 | AUR | Aurora Innovation Inc | -0.4% | -40.97% | 減碼 |
| 27 | FSV | Firstservice CORP | -0.5% | +12.89% | 加碼 |
| 28 | WST | West Pharmaceutical Services | -0.9% | +12.68% | 減碼 |
| 29 | SG | Sweetgreen Inc - Class A | -1% | -68.95% | 減碼 |
| 30 | MASI* | Masimo CORP | -1% | -46.68% | 減碼 |
| 31 | FOUR | Shift4 Payments Inc-class A | -1.1% | -15.59% | 減碼 |
| 32 | CVNA | Carvana Co | -1.1% | — | 減碼 |
| 33 | TOST | Toast Inc-class A | -1.5% | -37.92% | 減碼 |
| 34 | BKNG | Booking Holdings Inc | -1.6% | +48.28% | 減碼 |
| 35 | INTU | Intuit Inc | -1.6% | -44.11% | 減碼 |
| 36 | DUOL | Duolingo | -2.6% | -18.49% | 減碼 |
| 37 | ROP | Roper Technologies Inc | -2.8% | -82.88% | 減碼 |
| 38 | HUBS | Hubspot Inc | -3.2% | -45.60% | 減碼 |
| 39 | VEEV | Veeva Systems Inc-class A | — | NEW | 新建倉 |
| 40 | DSGX | Descartes Systems Grp/the | — | EXIT | 清倉 |
| 41 | FIG | Figma Inc-cl A | — | NEW | 新建倉 |
| 42 | IWM | Ishares Russell 2000 ETF | — | EXIT | 清倉 |
| 43 | RKT | Rocket Cos Inc-class A | — | NEW | 新建倉 |
| 44 | CBZ | Cbiz Inc | — | NEW | 新建倉 |
| 45 | MOH | Molina Healthcare Inc | — | EXIT | 清倉 |
| 46 | IDXX | Idexx Laboratories Inc | — | EXIT | 清倉 |
| 47 | CLH | Clean Harbors Inc | — | NEW | 新建倉 |
| 48 | FND | Floor & Decor Holdings Inc-a | — | NEW | 新建倉 |
| 49 | GSHD | Goosehead Insurance Inc -a | — | NEW | 新建倉 |
| 50 | ✓ | On Holding AG | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Durable Capital Partners LP 在 Q3 2025 季度的美股持倉總市值約為 US$102.8億，共申報了 48 個公開持股部位。
在 Q3 2025 季度，Durable Capital Partners LP 按市值排列的前三大核心持股分別為：RBC (7.3%)、CPNG (5.9%)、SHOP (5.0%)。其中最大持股部位 RBC 佔據整體投資組合約 7.3% 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
VEEV
市值: US$3.8億
本季最大獲利了結 / 清倉標的
DSGX
前期市值: US$2.8億
在 Q3 2025 季度中，Durable Capital Partners LP 共進行了 60 項持倉異動，包含新建倉 10 個部位、加碼 19 個部位、減碼 18 個部位以及清倉 13 個部位。 其中最大新建倉標的為 VEEV。 本季清倉部位包含 DSGX。
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。