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: 0001777469
申報總市值
US$3.0億
US$3.0億
147 檔
23.9%
E Fund Management 在 Q2 2025 季度的美股部位總計估值為 US$3.0億，分散於 147 個持倉標的之中，反映其市場參與廣度與投資規模。
觀察 Q2 2025 的資金脈絡，E Fund Management 在獲利結算 12 檔個股的同時，將資本重新部署至 11 檔新選標的，展現主動管理機構的輪動節奏。
在資產配置集中度方面，E Fund Management 的前 5 大核心持股（包含 PDD, IVV, SPY 等）合計佔整體申報市值的 23.9%，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 | PDD | Pdd Holdings Inc | 股票-循環性消費 | 28.44% | -7.23% | +0.38% | |
| 2 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 19.01% | -1.16% | +6.98% | |
| 3 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 9.63% | -0.49% | -4.21% | |
| 4 | YUMC | Yum China Holdings Inc | 股票-循環性消費 | 6.55% | -1.32% | -0.88% | |
| 5 | TME | Tencent Music Entertainm-adr | 股票-通訊服務 | 5.72% | -0.31% | +0.14% | |
| 6 | HTHT | H World Group Ltd-adr | 股票-其他 | 2.70% | -0.78% | -1.55% | |
| 7 | BZ | Kanzhun LTD - Adr | 股票-其他 | 2.04% | -0.28% | +10.78% | |
| 8 | VIPS | Vipshop Holdings LTD - Adr | 股票-循環性消費 | 1.93% | -0.39% | +0.50% | |
| 9 | QFIN | Qfin Holdings Inc-adr | 股票-其他 | 1.78% | — | -9.50% | |
| 10 | TAL | Tal Education Group- Adr | 股票-非循環性消費 | 1.65% | -0.42% | +0.14% | |
| 11 | ATHM | Autohome Inc-adr | 股票-其他 | 1.39% | +0.04% | +40.52% | |
| 12 | NVDA | Nvidia CORP | 股票-科技 | 0.95% | -0.07% | +39.78% | |
| 13 | MSFT | Microsoft CORP | 股票-科技 | 0.94% | -0.20% | +19.80% | |
| 14 | LEGN | Legend Biotech Corp-adr | 股票-其他 | 0.89% | +0.02% | -12.68% | |
| 15 | SOHU | Sohu.com Ltd-adr | 股票-其他 | 0.88% | -0.42% | +7.53% | |
| 16 | AVGO | Broadcom Inc | 股票-科技 | 0.75% | +0.15% | +94.44% | |
| 17 | ZH | Zhihu Inc - Adr | 股票-其他 | 0.75% | -0.33% | +72.82% | |
| 18 | JOYY | Joyy Inc-adr | 股票-其他 | 0.74% | -0.14% | -22.85% | |
| 19 | MOMO | Hello Group Inc -spn Adr | 股票-其他 | 0.73% | -0.10% | -19.15% | |
| 20 | TLT | Ishares 20+ Year Treasury Bd | ETF-政府公債 | 0.70% | — | -42.65% | |
| 21 | AMZN | Amazon.com Inc | 股票-循環性消費 | 0.59% | +0.39% | +25.75% | |
| 22 | AAPL | Apple Inc | 股票-科技 | 0.56% | +0.41% | -12.75% | |
| 23 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.51% | -0.10% | +4.94% | |
| 24 | VOO | Vanguard S&p 500 ETF | ETF-大型股與成長 | 0.51% | — | -33.12% | |
| 25 | NFLX | Netflix Inc | 股票-通訊服務 | 0.41% | -0.17% | -1.55% | |
| 26 | RERE | Atrenew Inc | 股票-其他 | 0.39% | — | — | |
| 27 | YALA | Yalla Group LTD | 股票-其他 | 0.37% | +0.18% | NEW | |
| 28 | WDH | Waterdrop Inc | 股票-其他 | 0.36% | — | — | |
| 29 | CMCM | Cheetah Mobile Inc - Adr | 股票-其他 | 0.32% | — | — | |
| 30 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 0.28% | +0.22% | — | |
| 31 | NOW | Servicenow Inc | 股票-科技 | 0.26% | -0.01% | — | |
| 32 | AMD | Advanced Micro Devices | 股票-科技 | 0.25% | +1.77% | +142.56% | |
| 33 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.25% | +0.29% | -15.49% | |
| 34 | TSLA | Tesla Inc | 股票-循環性消費 | 0.21% | +0.35% | -2.60% | |
| 35 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.19% | +0.01% | -3.85% | |
| 36 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 0.19% | +0.40% | — | |
| 37 | DASH | Doordash Inc - A | 股票-循環性消費 | 0.19% | +0.04% | +509.30% | |
| 38 | SE | Sea Ltd-adr | 股票-通訊服務 | 0.17% | — | +10.99% | |
| 39 | ARM | Arm Holdings Plc-adr | 股票-科技 | 0.17% | -0.03% | +3029.41% | |
| 40 | DDOG | Datadog Inc - Class A | 股票-科技 | 0.16% | +0.10% | +2298.11% | |
| 41 | VRT | Vertiv Holdings Co-a | 股票-工業 | 0.15% | — | — | |
| 42 | CELH | Celsius Holdings Inc | 股票-非循環性消費 | 0.14% | — | — | |
| 43 | RBLX | Roblox CORP -class A | 股票-通訊服務 | 0.14% | — | — | |
| 44 | ORCL | Oracle CORP | 股票-科技 | 0.14% | -0.03% | — | |
| 45 | GE | General Electric | 股票-工業 | 0.14% | +0.02% | +45.48% | |
| 46 | CYD | China Yuchai International Limited | 股票-其他 | 0.14% | — | — | |
| 47 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.14% | -0.19% | — | |
| 48 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.13% | -0.05% | — | |
| 49 | RBRK | Rubrik Inc-a | 股票-科技 | 0.13% | — | — | |
| 50 | BTI | British American Tob-sp Adr | 股票-非循環性消費 | 0.13% | — | +9.92% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | IVV | Ishares Core S&p 500 ETF | +4% | +6.98% | 加碼 |
| 2 | TME | Tencent Music Entertainm-adr | +1.8% | +0.14% | 加碼 |
| 3 | SPY | Ss Spdr S&p 500 ETF Trust-us | +1.1% | -4.21% | 減碼 |
| 4 | AVGO | Broadcom Inc | +0.5% | +94.44% | 加碼 |
| 5 | NVDA | Nvidia CORP | +0.5% | +39.78% | 加碼 |
| 6 | ATHM | Autohome Inc-adr | +0.4% | +40.52% | 加碼 |
| 7 | RERE | Atrenew Inc | +0.4% | NEW | 新建倉 |
| 8 | MSFT | Microsoft CORP | +0.4% | +19.80% | 加碼 |
| 9 | WDH | Waterdrop Inc | +0.4% | NEW | 新建倉 |
| 10 | ZH | Zhihu Inc - Adr | +0.3% | +72.82% | 加碼 |
| 11 | TSM | Taiwan Semiconductor-sp Adr | +0.3% | NEW | 新建倉 |
| 12 | NOW | Servicenow Inc | +0.3% | NEW | 新建倉 |
| 13 | AMZN | Amazon.com Inc | +0.2% | +25.75% | 加碼 |
| 14 | AMD | Advanced Micro Devices | +0.2% | +142.56% | 加碼 |
| 15 | DASH | Doordash Inc - A | +0.2% | +509.30% | 加碼 |
| 16 | ARM | Arm Holdings Plc-adr | +0.2% | +3029.41% | 加碼 |
| 17 | DDOG | Datadog Inc - Class A | +0.2% | +2298.11% | 加碼 |
| 18 | VRT | Vertiv Holdings Co-a | +0.2% | NEW | 新建倉 |
| 19 | META | Meta Platforms Inc-class A | +0.2% | +4.94% | 加碼 |
| 20 | CELH | Celsius Holdings Inc | +0.1% | NEW | 新建倉 |
| 21 | RBLX | Roblox CORP -class A | +0.1% | NEW | 新建倉 |
| 22 | ORCL | Oracle CORP | +0.1% | NEW | 新建倉 |
| 23 | CYD | China Yuchai International Limited | +0.1% | NEW | 新建倉 |
| 24 | NFLX | Netflix Inc | +0.1% | -1.55% | 減碼 |
| 25 | JNJ | Johnson & Johnson | +0.1% | NEW | 新建倉 |
| 26 | RBRK | Rubrik Inc-a | +0.1% | NEW | 新建倉 |
| 27 | AAPL | Apple Inc | -0.1% | -12.75% | 減碼 |
| 28 | HTHT | H World Group Ltd-adr | -0.1% | -1.55% | 減碼 |
| 29 | FUTU | Futu Holdings Ltd-adr | -0.1% | -59.27% | 減碼 |
| 30 | AWK | American Water Works Co Inc | -0.1% | EXIT | 清倉 |
| 31 | TW | Tradeweb Markets Inc-class A | -0.1% | EXIT | 清倉 |
| 32 | BRK-B | Berkshire Hathaway Inc-cl B | -0.1% | EXIT | 清倉 |
| 33 | QFIN | Qfin Holdings Inc-adr | -0.1% | -9.50% | 減碼 |
| 34 | VOO | Vanguard S&p 500 ETF | -0.1% | -33.12% | 減碼 |
| 35 | MA | Mastercard Inc - A | -0.1% | EXIT | 清倉 |
| 36 | ✓ | Oneconnect Finl Technology C | -0.2% | EXIT | 清倉 |
| 37 | QQQM | Invesco Nasdaq 100 ETF | -0.2% | -74.58% | 減碼 |
| 38 | YMM | Full Truck Alliance -spn Adr | -0.2% | EXIT | 清倉 |
| 39 | YALA | Yalla Group LTD | -0.2% | -54.24% | 減碼 |
| 40 | TAL | Tal Education Group- Adr | -0.3% | +0.14% | 加碼 |
| 41 | TLH | Ishares 10-20 Year Treasury | -0.3% | EXIT | 清倉 |
| 42 | ZROZ | Pimco 25+ Yr Zero Cpn US Tif | -0.3% | EXIT | 清倉 |
| 43 | TLT | Ishares 20+ Year Treasury Bd | -0.5% | -42.65% | 減碼 |
| 44 | EDV | Vanguard Extended Dur Treas | -0.5% | EXIT | 清倉 |
| 45 | YUMC | Yum China Holdings Inc | -0.6% | -0.88% | 減碼 |
| 46 | INTC | Intel CORP | -0.7% | -94.07% | 減碼 |
| 47 | LX | Lexinfintech Holdings L-adr | -0.7% | EXIT | 清倉 |
| 48 | ATAT | Atour Lifestyle Holdings-adr | -0.9% | EXIT | 清倉 |
| 49 | PDD | Pdd Holdings Inc | -1.4% | +0.38% | 加碼 |
| 50 | BEKE | Ke Holdings Inc-adr | -5.1% | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，E Fund Management 在 Q2 2025 季度的美股持倉總市值約為 US$3.0億，共申報了 147 個公開持股部位。
在 Q2 2025 季度，E Fund Management 按市值排列的前三大核心持股分別為：PDD (28.4%)、IVV (19.0%)、SPY (9.6%)。其中最大持股部位 PDD 佔據整體投資組合約 28.4% 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
RERE
市值: US$40.6萬
本季最大獲利了結 / 清倉標的
BEKE
前期市值: US$566.2萬
在 Q2 2025 季度中，E Fund Management 共進行了 50 項持倉異動，包含新建倉 11 個部位、加碼 15 個部位、減碼 12 個部位以及清倉 12 個部位。 其中最大新建倉標的為 RERE。 本季清倉部位包含 BEKE。
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。