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: 0001125725
申報總市值
US$5.1億
US$5.1億
86 檔
30.2%
在 Q3 2025 申報期間，Gagnon Securities LLC（CIK: 0001125725）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$5.1億，共持有 86 個公開申報部位。
觀察 Q3 2025 的資金脈絡，Gagnon Securities LLC 在獲利結算 8 檔個股的同時，將資本重新部署至 6 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，Gagnon Securities LLC 的前 5 大核心持股（包含 AL, ENSG, WGS 等）合計佔整體申報市值的 30.2%，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 | AL | Air Lease CORP | 股票-其他 | 7.73% | — | -17.76% | |
| 2 | ENSG | Ensign Group Inc/the | 股票-醫療保健 | 6.34% | -2.86% | -12.42% | |
| 3 | WGS | Genedx Holdings CORP | 股票-其他 | 5.82% | +2.62% | -0.80% | |
| 4 | AMRC | Ameresco Inc-cl A | 股票-其他 | 5.79% | -0.44% | -1.25% | |
| 5 | CDNA | Caredx Inc | 股票-其他 | 5.04% | +2.89% | +11.65% | |
| 6 | FRSH | Freshworks Inc-cl A | 股票-其他 | 4.41% | -0.09% | +101.80% | |
| 7 | ISRG | Intuitive Surgical Inc | 股票-醫療保健 | 3.89% | -1.07% | -19.44% | |
| 8 | EPD | Enterprise Products Partners | 股票-能源 | 3.32% | -0.79% | +8.44% | |
| 9 | TMCI | Treace Medical Concepts Inc | 股票-其他 | 3.04% | +0.77% | +0.36% | |
| 10 | BL | Blackline Inc | 股票-科技 | 2.97% | -0.45% | +10.58% | |
| 11 | BLFS | Biolife Solutions Inc | 股票-其他 | 2.74% | +0.62% | -0.77% | |
| 12 | EQIX | Equinix Inc | 股票-房地產 | 2.71% | -0.40% | -0.80% | |
| 13 | NVGS | Navigator Holdings Ltd. | 股票-其他 | 2.69% | -3.96% | EXIT | |
| 14 | GNRC | Generac Holdings Inc | 股票-工業 | 2.60% | +0.84% | +13.74% | |
| 15 | CAKE | Cheesecake Factory Inc/the | 股票-循環性消費 | 2.49% | +0.64% | -11.32% | |
| 16 | ASPN | Aspen Aerogels Inc | 股票-其他 | 2.45% | +0.45% | -7.60% | |
| 17 | PCRX | Pacira Biosciences Inc | 股票-其他 | 2.32% | -0.18% | +22.09% | |
| 18 | CARG | Cargurus Inc | 股票-循環性消費 | 2.03% | +0.34% | -16.19% | |
| 19 | KMX | Carmax Inc | 股票-循環性消費 | 2.03% | +0.42% | +38.07% | |
| 20 | EXK | Exact Sciences CORP | 股票-原物料 | 1.97% | — | -35.64% | |
| 21 | VERX | Vertex Inc - Class A | 股票-其他 | 1.88% | +0.43% | +40.33% | |
| 22 | PROF | Profound Medical CORP | 股票-其他 | 1.70% | -0.34% | -0.96% | |
| 23 | DV | Doubleverify Holdings Inc | 股票-其他 | 1.63% | +0.05% | +86.28% | |
| 24 | FIVN | Five9 Inc | 股票-科技 | 1.45% | +0.86% | -26.52% | |
| 25 | HZO | Marinemax Inc | 股票-其他 | 1.33% | +0.15% | — | |
| 26 | PSIX | Power Solutions Internationa | 股票-其他 | 1.28% | — | -81.04% | |
| 27 | GOOG | Alphabet Inc. | 股票-通訊服務 | 1.21% | -0.86% | EXIT | |
| 28 | AMPL | Amplitude Inc-class A | 股票-其他 | 1.10% | -0.08% | — | |
| 29 | PRLB | Proto Labs Inc | 股票-其他 | 1.09% | +0.41% | -5.08% | |
| 30 | OSUR | Orasure Technologies Inc | 股票-其他 | 1.03% | +0.21% | -0.58% | |
| 31 | CMG | Chipotle Mexican Grill Inc | 股票-循環性消費 | 0.95% | -0.13% | -17.85% | |
| 32 | CTRE | Caretrust Reit Inc | 股票-房地產 | 0.94% | -0.10% | -9.87% | |
| 33 | SAM | Boston Beer Company Inc-a | 股票-非循環性消費 | 0.91% | -0.13% | -14.14% | |
| 34 | KLTR | Kaltura Inc | 股票-其他 | 0.83% | -0.08% | +32.60% | |
| 35 | NVDA | Nvidia CORP | 股票-科技 | 0.77% | -0.01% | -1.39% | |
| 36 | WCPRF | Whitecap Resources Inc | 股票-其他 | 0.74% | -0.24% | -0.25% | |
| 37 | QDEL | Quidelortho CORP | 股票-其他 | 0.72% | +2.03% | +68.09% | |
| 38 | PNTG | Pennant Group Inc/the | 股票-其他 | 0.72% | +0.01% | -6.47% | |
| 39 | ICUI | Icu Medical Inc | 股票-其他 | 0.69% | -0.04% | -11.03% | |
| 40 | CELC | Celcuity Inc | 股票-其他 | 0.53% | -0.31% | -0.06% | |
| 41 | TPR | Tapestry Inc | 股票-循環性消費 | 0.49% | — | -8.40% | |
| 42 | MCHP | Microchip Technology Inc | 股票-科技 | 0.35% | +0.07% | -1.50% | |
| 43 | GNL | Global Net Lease Inc | 股票-房地產 | 0.32% | -0.09% | +83.60% | |
| 44 | GNTX | Gentex CORP | 股票-循環性消費 | 0.31% | -0.01% | -2.19% | |
| 45 | SLG | Sl Green Realty CORP | 股票-房地產 | 0.31% | +0.04% | -0.67% | |
| 46 | NTDOY | Nintendo Co Ltd-unspons Adr | 股票-其他 | 0.30% | -0.08% | -2.38% | |
| 47 | CNF | Cnfinance Holdings LTD | 股票-其他 | 0.27% | -0.10% | — | |
| 48 | PFE | Pfizer Inc | 股票-醫療保健 | 0.22% | -0.18% | -0.15% | |
| 49 | PTEN | Patterson-uti Energy Inc | 股票-能源 | 0.22% | -0.76% | +2.10% | |
| 50 | NCNO | Ncino Inc | 股票-其他 | 0.21% | -0.04% | +4.15% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | AMRC | Ameresco Inc-cl A | +3.2% | -1.25% | 減碼 |
| 2 | FRSH | Freshworks Inc-cl A | +1.7% | +101.80% | 加碼 |
| 3 | DV | Doubleverify Holdings Inc | +1.4% | +86.28% | 加碼 |
| 4 | GNRC | Generac Holdings Inc | +0.8% | +13.74% | 加碼 |
| 5 | PCRX | Pacira Biosciences Inc | +0.6% | +22.09% | 加碼 |
| 6 | CELC | Celcuity Inc | +0.4% | -0.06% | 減碼 |
| 7 | PRLB | Proto Labs Inc | +0.3% | -5.08% | 加碼 |
| 8 | BL | Blackline Inc | +0.3% | +10.58% | 加碼 |
| 9 | WGS | Genedx Holdings CORP | +0.3% | -0.80% | 減碼 |
| 10 | EQIX | Equinix Inc | +0.3% | -0.80% | 加碼 |
| 11 | NVDA | Nvidia CORP | +0.3% | -1.39% | 減碼 |
| 12 | OSUR | Orasure Technologies Inc | +0.2% | -0.58% | 加碼 |
| 13 | WCPRF | Whitecap Resources Inc | +0.2% | -0.25% | 加碼 |
| 14 | NVGS | Navigator Holdings Ltd. | +0.2% | -0.59% | 加碼 |
| 15 | GNL | Global Net Lease Inc | +0.1% | +83.60% | 加碼 |
| 16 | MCHP | Microchip Technology Inc | +0.1% | -1.50% | 加碼 |
| 17 | ENSG | Ensign Group Inc/the | +0.1% | -12.42% | 減碼 |
| 18 | TPR | Tapestry Inc | +0.1% | -8.40% | 減碼 |
| 19 | GOOG | Alphabet Inc. | 0% | -0.29% | 加碼 |
| 20 | BLFS | Biolife Solutions Inc | 0% | -0.77% | 減碼 |
| 21 | QDEL | Quidelortho CORP | 0% | +68.09% | 加碼 |
| 22 | AL | Air Lease CORP | 0% | -17.76% | 減碼 |
| 23 | CARG | Cargurus Inc | -0.1% | -16.19% | 減碼 |
| 24 | FLG | Flagstar Bank NA | -0.1% | -36.41% | 減碼 |
| 25 | TMCI | Treace Medical Concepts Inc | -0.2% | +0.36% | 加碼 |
| 26 | DVN | Devon Energy CORP | -0.2% | -0.16% | 減碼 |
| 27 | ICUI | Icu Medical Inc | -0.3% | -11.03% | 減碼 |
| 28 | SAM | Boston Beer Company Inc-a | -0.4% | -14.14% | 減碼 |
| 29 | PROF | Profound Medical CORP | -0.5% | -0.96% | 加碼 |
| 30 | NCNO | Ncino Inc | -0.5% | +4.15% | 減碼 |
| 31 | EXK | Exact Sciences CORP | -0.6% | -35.64% | 減碼 |
| 32 | CMG | Chipotle Mexican Grill Inc | -0.7% | -17.85% | 減碼 |
| 33 | KMX | Carmax Inc | -0.7% | +38.07% | 加碼 |
| 34 | FIVN | Five9 Inc | -0.8% | -26.52% | 減碼 |
| 35 | PSIX | Power Solutions Internationa | -1.6% | -81.04% | 減碼 |
| 36 | ISRG | Intuitive Surgical Inc | -2.3% | -19.44% | 減碼 |
| 37 | ASPN | Aspen Aerogels Inc | — | NEW | 新建倉 |
| 38 | ETWOGBP | E2open Parent Holdings Inc | — | EXIT | 清倉 |
| 39 | 016 | Veren Inc | — | EXIT | 清倉 |
| 40 | HZO | Marinemax Inc | — | NEW | 新建倉 |
| 41 | AMPL | Amplitude Inc-class A | — | NEW | 新建倉 |
| 42 | MXCT | Maxcyte Inc | — | EXIT | 清倉 |
| 43 | IONQ | Ionq Inc | — | EXIT | 清倉 |
| 44 | ✓ | Cnfinance Hldgs LTD | — | EXIT | 清倉 |
| 45 | CNF | Cnfinance Holdings LTD | — | NEW | 新建倉 |
| 46 | AKAM | Akamai Technologies Inc | — | EXIT | 清倉 |
| 47 | GOOG | Alphabet Inc-cl C | — | NEW | 新建倉 |
| 48 | MTSI | Macom Technology Solutions H | — | NEW | 新建倉 |
| 49 | QSR | Restaurant Brands Intern | — | EXIT | 清倉 |
| 50 | TTD | Trade Desk Inc/the -class A | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Gagnon Securities LLC 在 Q3 2025 季度的美股持倉總市值約為 US$5.1億，共申報了 86 個公開持股部位。
在 Q3 2025 季度，Gagnon Securities LLC 按市值排列的前三大核心持股分別為：AL (7.7%)、ENSG (6.3%)、WGS (5.8%)。其中最大持股部位 AL 佔據整體投資組合約 7.7% 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
ASPN
市值: US$1221.4萬
本季最大獲利了結 / 清倉標的
ETWOGBP
前期市值: US$764.1萬
在 Q3 2025 季度中，Gagnon Securities LLC 共進行了 50 項持倉異動，包含新建倉 6 個部位、加碼 17 個部位、減碼 19 個部位以及清倉 8 個部位。 其中最大新建倉標的為 ASPN。 本季清倉部位包含 ETWOGBP。
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。