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: 0001911970
申報總市值
US$3.5億
US$3.5億
143 檔
12.1%
根據最新整理的 13F 季度數據集，Future Fund LLC 於 Q4 2025 結束時的管理資產規模為 US$3.5億。該機構在本季度申報了 143 檔美股持倉，呈現出該時期的主要投資地圖。
在 Q4 2025，Future Fund LLC 展現出較為審慎的避險與獲利了結姿態。本季共減碼 63 個部位並完全清倉 42 檔持股，調降曝險的部位數量高於加碼動作。
整體而言，Future Fund LLC 的前 5 大持股（包含 IWP, IJT, HRI）貢獻了組合市值的 12.1%，形成該機構在 Q4 2025 季度的基本面基石。
| # | 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 | IWP | Ishares Russell Mid-cap Grow | ETF-其他 | 4.60% | — | — | |
| 2 | IJT | Ishares S&p Small-cap 600 Gr | ETF-其他 | 3.08% | — | — | |
| 3 | HRI | Herc Holdings Inc | 股票-其他 | 2.96% | +0.45% | — | |
| 4 | HALO | Halozyme Therapeutics Inc | 股票-醫療保健 | 1.90% | +1.03% | +32.96% | |
| 5 | PEN | Penumbra Inc | 股票-醫療保健 | 1.82% | — | +177.58% | |
| 6 | FTI | TechnipFMC plc | 股票-能源 | 1.68% | -1.88% | EXIT | |
| 7 | YETI | Yeti Holdings Inc | 股票-循環性消費 | 1.65% | +0.09% | -4.00% | |
| 8 | TIGO | Millicom International Cellular S.A. | 股票-通訊服務 | 1.53% | -1.36% | +24.87% | |
| 9 | ON | On Semiconductor | 股票-科技 | 1.44% | — | +24.94% | |
| 10 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.41% | +0.04% | -12.36% | |
| 11 | HQY | Healthequity Inc | 股票-醫療保健 | 1.38% | +0.07% | +40.85% | |
| 12 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.33% | +0.48% | -8.92% | |
| 13 | AAPL | Apple Inc | 股票-科技 | 1.28% | -0.07% | -11.95% | |
| 14 | GH | Guardant Health Inc | 股票-醫療保健 | 1.28% | +1.25% | -10.80% | |
| 15 | DKNG | Draftkings Inc-cl A | 股票-循環性消費 | 1.27% | +0.13% | +9.96% | |
| 16 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.26% | -0.11% | -5.55% | |
| 17 | IONS | Ionis Pharmaceuticals Inc | 股票-醫療保健 | 1.23% | +0.07% | +26.81% | |
| 18 | GMED | Globus Medical Inc - A | 股票-醫療保健 | 1.22% | -0.32% | +41.31% | |
| 19 | EMBJ | Embraer Sa-spon Adr | 股票-工業 | 1.21% | -0.10% | +53.24% | |
| 20 | NVDA | Nvidia CORP | 股票-科技 | 1.09% | +0.54% | -42.38% | |
| 21 | WMS | Advanced Drainage Systems In | 股票-工業 | 1.06% | -0.01% | +43.27% | |
| 22 | PINS | Pinterest Inc- Class A | 股票-通訊服務 | 1.04% | -0.01% | +29.15% | |
| 23 | NTRA | Natera Inc | 股票-醫療保健 | 1.03% | +0.21% | +39.13% | |
| 24 | TTEK | Tetra Tech Inc | 股票-工業 | 1.01% | -0.26% | +110.34% | |
| 25 | RH | Rh | 股票-循環性消費 | 0.97% | -0.20% | +78.55% | |
| 26 | GTLB | Gitlab Inc-cl A | 股票-科技 | 0.97% | — | +37.28% | |
| 27 | WTFC | Wintrust Financial CORP | 股票-金融 | 0.93% | +0.01% | +42.28% | |
| 28 | CELH | Celsius Holdings Inc | 股票-非循環性消費 | 0.93% | +0.09% | +142.49% | |
| 29 | WYNN | Wynn Resorts LTD | 股票-循環性消費 | 0.91% | -0.17% | +42.02% | |
| 30 | IRTC | Irhythm Holdings Inc | 股票-醫療保健 | 0.89% | -0.10% | +42.10% | |
| 31 | PLNT | Planet Fitness Inc - Cl A | 股票-循環性消費 | 0.88% | -0.32% | +43.05% | |
| 32 | IDCC | Interdigital Inc | 股票-科技 | 0.87% | +0.28% | +40.84% | |
| 33 | GDS | Gds Holdings LTD - Adr | 股票-其他 | 0.85% | -0.26% | +13.26% | |
| 34 | FCFS | Firstcash Holdings Inc | 股票-金融 | 0.80% | — | +42.74% | |
| 35 | GLBE | Global-E Online Ltd. | 股票-其他 | 0.80% | — | +22.46% | |
| 36 | PANW | Palo Alto Networks Inc | 股票-科技 | 0.80% | -0.84% | EXIT | |
| 37 | GPRE | Green Plains Inc | 股票-其他 | 0.80% | -0.69% | — | |
| 38 | CRUS | Cirrus Logic Inc | 股票-科技 | 0.79% | +0.61% | NEW | |
| 39 | ONTO | Onto Innovation Inc | 股票-科技 | 0.79% | -0.66% | — | |
| 40 | CRM | Salesforce Inc | 股票-科技 | 0.76% | — | -2.89% | |
| 41 | EW | Edwards Lifesciences CORP | 股票-醫療保健 | 0.74% | -0.04% | -3.12% | |
| 42 | VRTX | Vertex Pharmaceuticals Inc | 股票-醫療保健 | 0.74% | -0.06% | -7.40% | |
| 43 | RDNT | Radnet Inc | 股票-醫療保健 | 0.73% | +0.15% | +41.75% | |
| 44 | MRCY | Mercury Systems Inc | 股票-工業 | 0.73% | +0.55% | +43.62% | |
| 45 | KNF | Knife River CORP | 股票-原物料 | 0.72% | -0.03% | +26.12% | |
| 46 | BWXT | Bwx Technologies Inc | 股票-工業 | 0.72% | -0.14% | -16.35% | |
| 47 | SXT | Sensient Technologies CORP | 股票-原物料 | 0.71% | +0.21% | +42.77% | |
| 48 | WTS | Watts Water Technologies-a | 股票-工業 | 0.70% | +0.16% | +40.09% | |
| 49 | DAVE | Dave Inc | 股票-其他 | 0.70% | -0.04% | — | |
| 50 | VRRM | Verra Mobility CORP | 股票-其他 | 0.69% | -0.68% | EXIT |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | PANW | Palo Alto Networks Inc | +6.5% | -3.50% | 減碼 |
| 2 | PEN | Penumbra Inc | +1.1% | +177.58% | 加碼 |
| 3 | GMED | Globus Medical Inc - A | +0.5% | +41.31% | 加碼 |
| 4 | TTEK | Tetra Tech Inc | +0.4% | +110.34% | 加碼 |
| 5 | NTRA | Natera Inc | +0.4% | +39.13% | 加碼 |
| 6 | EMBJ | Embraer Sa-spon Adr | +0.4% | +53.24% | 加碼 |
| 7 | CELH | Celsius Holdings Inc | +0.4% | +142.49% | 加碼 |
| 8 | TIGO | Millicom International Cellular S.A. | +0.3% | +24.87% | 加碼 |
| 9 | IONS | Ionis Pharmaceuticals Inc | +0.3% | +26.81% | 加碼 |
| 10 | GH | Guardant Health Inc | +0.3% | -10.80% | 減碼 |
| 11 | RH | Rh | +0.3% | +78.55% | 加碼 |
| 12 | WMS | Advanced Drainage Systems In | +0.3% | +43.27% | 加碼 |
| 13 | ON | On Semiconductor | +0.3% | +24.94% | 加碼 |
| 14 | HQY | Healthequity Inc | +0.2% | +40.85% | 加碼 |
| 15 | WTFC | Wintrust Financial CORP | +0.2% | +42.28% | 加碼 |
| 16 | ADMA | Adma Biologics Inc | +0.2% | +51.95% | 加碼 |
| 17 | CPRX | Catalyst Pharmaceuticals Inc | +0.2% | +61.09% | 加碼 |
| 18 | PLNT | Planet Fitness Inc - Cl A | +0.2% | +43.05% | 加碼 |
| 19 | YETI | Yeti Holdings Inc | +0.2% | -4.00% | 減碼 |
| 20 | IRTC | Irhythm Holdings Inc | +0.2% | +42.10% | 加碼 |
| 21 | FCFS | Firstcash Holdings Inc | +0.2% | +42.74% | 加碼 |
| 22 | PLMR | Palomar Holdings Inc | +0.2% | +41.11% | 加碼 |
| 23 | HALO | Halozyme Therapeutics Inc | +0.2% | +32.96% | 加碼 |
| 24 | WYNN | Wynn Resorts LTD | +0.1% | +42.02% | 加碼 |
| 25 | SXT | Sensient Technologies CORP | +0.1% | +42.77% | 加碼 |
| 26 | QTWO | Q2 Holdings Inc | +0.1% | +44.59% | 加碼 |
| 27 | FND | Floor & Decor Holdings Inc-a | +0.1% | +90.79% | 加碼 |
| 28 | GLBE | Global-E Online Ltd. | +0.1% | +22.46% | 加碼 |
| 29 | 62C | Piper Sandler Cos | +0.1% | +43.16% | 加碼 |
| 30 | IDCC | Interdigital Inc | +0.1% | +40.84% | 加碼 |
| 31 | WTS | Watts Water Technologies-a | +0.1% | +40.09% | 加碼 |
| 32 | MRCY | Mercury Systems Inc | +0.1% | +43.62% | 加碼 |
| 33 | ZWS | Zurn Elkay Water Solutions C | +0.1% | +43.26% | 加碼 |
| 34 | CWST | Casella Waste Systems Inc-a | +0.1% | +45.46% | 加碼 |
| 35 | RDNT | Radnet Inc | +0.1% | +41.75% | 加碼 |
| 36 | OSK | Oshkosh CORP | +0.1% | +42.37% | 加碼 |
| 37 | BFAM | Bright Horizons Family Solut | +0.1% | +45.11% | 加碼 |
| 38 | SLAB | Silicon Laboratories Inc | +0.1% | +43.14% | 加碼 |
| 39 | CAKE | Cheesecake Factory Inc/the | +0.1% | +43.36% | 加碼 |
| 40 | SNEX | Stonex Group Inc | +0.1% | +42.62% | 加碼 |
| 41 | GSHD | Goosehead Insurance Inc -a | +0.1% | +40.91% | 加碼 |
| 42 | VRRM | Verra Mobility CORP | +0.1% | +42.97% | 加碼 |
| 43 | BJ | Bj's Wholesale Club Holdings | +0.1% | +42.48% | 加碼 |
| 44 | DT | Dynatrace Inc | +0.1% | +42.28% | 加碼 |
| 45 | ESE | Esco Technologies Inc | +0.1% | +40.68% | 加碼 |
| 46 | WING | Wingstop Inc | +0.1% | +43.38% | 加碼 |
| 47 | RELY | Remitly Global Inc | +0.1% | +57.11% | 加碼 |
| 48 | CRS | Carpenter Technology | +0.1% | -4.73% | 減碼 |
| 49 | ✓ | Cyberark Software LTD. Cmn | +0.1% | +40.73% | 加碼 |
| 50 | SHAK | Shake Shack Inc - Class A | +0.1% | +46.60% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Future Fund LLC 在 Q4 2025 季度的美股持倉總市值約為 US$3.5億，共申報了 143 個公開持股部位。
在 Q4 2025 季度，Future Fund LLC 按市值排列的前三大核心持股分別為：IWP (4.6%)、IJT (3.1%)、HRI (3.0%)。其中最大持股部位 IWP 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
HRI
市值: US$871.4萬
本季最大獲利了結 / 清倉標的
IWO
前期市值: US$586.0萬
在 Q4 2025 季度中，Future Fund LLC 共進行了 183 項持倉異動，包含新建倉 15 個部位、加碼 63 個部位、減碼 63 個部位以及清倉 42 個部位。 其中最大新建倉標的為 HRI。 本季清倉部位包含 IWO。
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。