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: 0001638520
申報總市值
US$3.6億
US$3.6億
63 檔
28.2%
截至 Q4 2025 季度末，GFG Capital, LLC 的美股持倉估值約為 US$3.6億，全數申報部位共有 63 檔。
在 Q4 2025，GFG Capital, LLC 展現出較為審慎的避險與獲利了結姿態。本季共減碼 29 個部位並完全清倉 3 檔持股，調降曝險的部位數量高於加碼動作。
檢視投資組合結構，前 5 大主力部位（包含 GSIE, GSLC, AAPL）占據了總市值的 28.2%，展現出該機構在 Q4 2025 的重點資金聚焦與風險分佈特徵。
本季最大新建倉標的
KWEB
市值: US$66.8萬
本季最大獲利了結 / 清倉標的
C
前期市值: US$108.4萬
| # | 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 | GSIE | Goldman Sachs Activebeta Int | ETF-避險與商品 | 10.84% | -6.73% | -0.51% | |
| 2 | GSLC | Goldman Activebeta US Lc ETF | ETF-避險與商品 | 8.04% | -2.89% | -1.39% | |
| 3 | AAPL | Apple Inc | 股票-科技 | 7.29% | -0.28% | -0.61% | |
| 4 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 6.08% | +0.33% | -1.91% | |
| 5 | HOOD | Robinhood Markets Inc - A | 股票-金融 | 4.28% | +0.67% | -1.62% | |
| 6 | RKT | Rocket Cos Inc-class A | 股票-金融 | 4.01% | -0.06% | +0.01% | |
| 7 | DELL | Dell Technologies -c | 股票-科技 | 3.87% | +1.96% | -1.00% | |
| 8 | V | Visa Inc-class A Shares | 股票-金融 | 3.37% | — | +0.64% | |
| 9 | CQQQ | Invesco China Technology ETF | ETF-科技型 | 3.29% | -1.56% | -7.78% | |
| 10 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 3.20% | +0.26% | +4.01% | |
| 11 | CRWD | Crowdstrike Holdings Inc - A | 股票-科技 | 3.19% | +1.79% | +0.38% | |
| 12 | BX | Blackstone Inc | 股票-金融 | 2.94% | -0.31% | +3.07% | |
| 13 | FDLO | Fidelity Low Volat Fact ETF | ETF-其他 | 2.74% | -0.26% | -2.87% | |
| 14 | NFLX | Netflix Inc | 股票-通訊服務 | 2.65% | -1.04% | +920.69% | |
| 15 | UBER | Uber Technologies Inc | 股票-工業 | 2.62% | +0.43% | -9.30% | |
| 16 | NOW | Servicenow Inc | 股票-科技 | 2.48% | -0.42% | +404.04% | |
| 17 | GEM | Goldman Sachs Activebeta Em | ETF-避險與商品 | 2.22% | -0.95% | -1.01% | |
| 18 | IWF | Ishares Russell 1000 Growth | ETF-其他 | 2.11% | +0.01% | +962.96% | |
| 19 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 1.81% | -0.24% | -2.37% | |
| 20 | NVDA | Nvidia CORP | 股票-科技 | 1.78% | -0.01% | -0.46% | |
| 21 | MU | Micron Technology Inc | 股票-科技 | 1.77% | +1.21% | -5.86% | |
| 22 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.56% | -0.01% | -1.40% | |
| 23 | BABA | Alibaba Group Holding-sp Adr | 股票-循環性消費 | 1.55% | — | -11.15% | |
| 24 | MSFT | Microsoft CORP | 股票-科技 | 1.20% | -0.16% | -0.84% | |
| 25 | LOWV | AB US Low Vol Equity ETF | ETF-其他 | 1.11% | -0.06% | +0.84% | |
| 26 | AXP | American Express Co | 股票-金融 | 1.04% | +0.02% | -3.45% | |
| 27 | CG | Carlyle Group Inc/the | 股票-金融 | 1.04% | -0.17% | -3.09% | |
| 28 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.03% | -0.04% | +0.03% | |
| 29 | WMT | Walmart Inc | 股票-非循環性消費 | 0.86% | -0.14% | -3.16% | |
| 30 | CME | Cme Group Inc | 股票-金融 | 0.80% | -0.21% | -3.10% | |
| 31 | ADSK | Autodesk Inc | 股票-科技 | 0.79% | -0.15% | -2.38% | |
| 32 | ORCL | Oracle CORP | 股票-科技 | 0.78% | -0.12% | -3.71% | |
| 33 | EQT | Eqt CORP | 股票-能源 | 0.77% | -0.16% | -2.93% | |
| 34 | PANW | Palo Alto Networks Inc | 股票-科技 | 0.74% | +0.59% | -2.46% | |
| 35 | ACN | Accenture plc | 股票-科技 | 0.65% | -0.22% | -28.53% | |
| 36 | USMV | Ishares Msci USA Min Vol Fac | ETF-其他 | 0.62% | -0.05% | -2.55% | |
| 37 | XYZ | Block Inc | 股票-金融 | 0.60% | +0.12% | -27.31% | |
| 38 | OKTA | Okta Inc | 股票-科技 | 0.48% | +0.52% | -30.70% | |
| 39 | ADBE | Adobe Inc | 股票-科技 | 0.47% | -0.07% | EXIT | |
| 40 | PYPL | Paypal Holdings Inc | 股票-金融 | 0.43% | -0.02% | -34.64% | |
| 41 | BRK-A | Berkshire Hathaway Inc-cl A | 股票-其他 | 0.27% | -0.02% | — | |
| 42 | KWEB | Kranesh Csi China Internet | ETF-新興市場 | 0.24% | +0.45% | NEW | |
| 43 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.23% | +0.04% | +9.45% | |
| 44 | VUG | Vanguard Growth ETF | ETF-其他 | 0.19% | — | — | |
| 45 | VOO | Vanguard S&p 500 ETF | ETF-大型股與成長 | 0.19% | -0.10% | — | |
| 46 | LDOS | Leidos Holdings Inc | 股票-科技 | 0.18% | -0.06% | — | |
| 47 | DBJP | Xtrackers Msci Japan Hedged | ETF-其他 | 0.15% | -0.01% | — | |
| 48 | KLAC | Kla CORP | 股票-科技 | 0.11% | +0.09% | +27.67% | |
| 49 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.11% | +0.01% | +8.76% | |
| 50 | VGT | Vanguard Info Tech ETF | ETF-科技型 | 0.11% | +0.02% | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | IWF | Ishares Russell 1000 Growth | +1.9% | +962.96% | 加碼 |
| 2 | GOOGL | Alphabet Inc-cl A | +1.4% | -1.91% | 減碼 |
| 3 | GSIE | Goldman Sachs Activebeta Int | +0.7% | -0.51% | 減碼 |
| 4 | MU | Micron Technology Inc | +0.7% | -5.86% | 減碼 |
| 5 | AAPL | Apple Inc | +0.6% | -0.61% | 減碼 |
| 6 | GSLC | Goldman Activebeta US Lc ETF | +0.3% | -1.39% | 減碼 |
| 7 | V | Visa Inc-class A Shares | +0.2% | +0.64% | 加碼 |
| 8 | AXP | American Express Co | +0.1% | -3.45% | 減碼 |
| 9 | AMZN | Amazon.com Inc | +0.1% | -1.40% | 減碼 |
| 10 | GEM | Goldman Sachs Activebeta Em | +0.1% | -1.01% | 減碼 |
| 11 | GOOG | Alphabet Inc-cl C | +0.1% | +9.45% | 加碼 |
| 12 | WMT | Walmart Inc | +0.1% | -3.16% | 減碼 |
| 13 | FDLO | Fidelity Low Volat Fact ETF | +0.1% | -2.87% | 減碼 |
| 14 | KLAC | Kla CORP | 0% | +27.67% | 加碼 |
| 15 | AVGO | Broadcom Inc | 0% | +23.99% | 加碼 |
| 16 | SPY | Ss Spdr S&p 500 ETF Trust-us | 0% | +20.39% | 加碼 |
| 17 | GS | Goldman Sachs Group Inc | 0% | +8.76% | 加碼 |
| 18 | DBJP | Xtrackers Msci Japan Hedged | 0% | — | 不變 |
| 19 | CME | Cme Group Inc | 0% | -3.10% | 減碼 |
| 20 | CAT | Caterpillar Inc | 0% | -3.89% | 減碼 |
| 21 | TSLA | Tesla Inc | 0% | +11.07% | 加碼 |
| 22 | EQT | Eqt CORP | 0% | -2.93% | 減碼 |
| 23 | USMV | Ishares Msci USA Min Vol Fac | 0% | -2.55% | 減碼 |
| 24 | GRAB | Grab Holdings Limited | 0% | — | 不變 |
| 25 | CRWD | Crowdstrike Holdings Inc - A | 0% | +0.38% | 加碼 |
| 26 | MSFT | Microsoft CORP | -0.1% | -0.84% | 減碼 |
| 27 | ADSK | Autodesk Inc | -0.1% | -2.38% | 減碼 |
| 28 | CG | Carlyle Group Inc/the | -0.1% | -3.09% | 減碼 |
| 29 | PANW | Palo Alto Networks Inc | -0.1% | -2.46% | 減碼 |
| 30 | META | Meta Platforms Inc-class A | -0.1% | +4.01% | 加碼 |
| 31 | BX | Blackstone Inc | -0.1% | +3.07% | 加碼 |
| 32 | ACN | Accenture plc | -0.2% | -28.53% | 減碼 |
| 33 | OKTA | Okta Inc | -0.2% | -30.70% | 減碼 |
| 34 | XYZ | Block Inc | -0.3% | -27.31% | 減碼 |
| 35 | PYPL | Paypal Holdings Inc | -0.3% | -34.64% | 減碼 |
| 36 | ADBE | Adobe Inc | -0.3% | -42.16% | 減碼 |
| 37 | ORCL | Oracle CORP | -0.4% | -3.71% | 減碼 |
| 38 | NOW | Servicenow Inc | -0.4% | +404.04% | 加碼 |
| 39 | DELL | Dell Technologies -c | -0.4% | -1.00% | 減碼 |
| 40 | BABA | Alibaba Group Holding-sp Adr | -0.5% | -11.15% | 減碼 |
| 41 | NFLX | Netflix Inc | -0.6% | +920.69% | 加碼 |
| 42 | CQQQ | Invesco China Technology ETF | -0.6% | -7.78% | 減碼 |
| 43 | UBER | Uber Technologies Inc | -0.7% | -9.30% | 減碼 |
| 44 | HOOD | Robinhood Markets Inc - A | -1.1% | -1.62% | 減碼 |
| 45 | C | Citigroup Inc | — | EXIT | 清倉 |
| 46 | KWEB | Kranesh Csi China Internet | — | NEW | 新建倉 |
| 47 | MS | Morgan Stanley | — | EXIT | 清倉 |
| 48 | LI | Li Auto Inc - Adr | — | EXIT | 清倉 |
| 49 | W | Wayfair Inc- Class A | — | NEW | 新建倉 |
| 50 | LLY | Eli Lilly & Co | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，GFG Capital, LLC 在 Q4 2025 季度的美股持倉總市值約為 US$3.6億，共申報了 63 個公開持股部位。
在 Q4 2025 季度，GFG Capital, LLC 按市值排列的前三大核心持股分別為：GSIE (10.8%)、GSLC (8.0%)、AAPL (7.3%)。其中最大持股部位 GSIE 佔據整體投資組合約 10.8% 的權重。
在 Q4 2025 季度中，GFG Capital, LLC 共進行了 48 項持倉異動，包含新建倉 3 個部位、加碼 13 個部位、減碼 29 個部位以及清倉 3 個部位。 其中最大新建倉標的為 KWEB。 本季清倉部位包含 C。
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。
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。
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。