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: 0001026710
申報總市值
US$28.1億
US$28.1億
157 檔
14.7%
在 Q4 2025 申報期間，Granahan Investment Management, LLC（CIK: 0001026710）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$28.1億，共持有 157 個公開申報部位。
觀察 Q4 2025 的資金脈絡，Granahan Investment Management, LLC 在獲利結算 16 檔個股的同時，將資本重新部署至 27 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，Granahan Investment Management, LLC 的前 5 大核心持股（包含 PRCH, GENI, CRS 等）合計佔整體申報市值的 14.7%，反映機構在主要關鍵部位上的權重分佈。
本季最大新建倉標的
WLTH
市值: US$1883.7萬
本季最大獲利了結 / 清倉標的
FOUR
前期市值: US$1523.3萬
| # | 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 | PRCH | Porch Group Inc | 股票-其他 | 4.53% | +2.24% | +20.27% | |
| 2 | GENI | Genius Sports Limited | 股票-其他 | 3.71% | +0.37% | -1.55% | |
| 3 | CRS | Carpenter Technology | 股票-工業 | 3.60% | -2.44% | -0.84% | |
| 4 | FTAI | FTAI Aviation Ltd. | 股票-工業 | 2.93% | -1.20% | +29.92% | |
| 5 | VCTR | Victory Capital Holding - A | 股票-其他 | 2.90% | -0.40% | -10.29% | |
| 6 | ODD | Oddity Tech Ltd. | 股票-其他 | 2.62% | — | +1.11% | |
| 7 | INDI | Indie Semiconductor Inc-a | 股票-其他 | 2.60% | -0.05% | -1.48% | |
| 8 | CLBT | Cellebrite DI Ltd. | 股票-其他 | 2.36% | -0.30% | +16.27% | |
| 9 | ZETA | Zeta Global Holdings Corp-a | 股票-科技 | 2.28% | +0.44% | +110.34% | |
| 10 | MRX | Marex Group plc | 股票-其他 | 2.26% | +0.08% | +30.53% | |
| 11 | MGNI | Magnite Inc | 股票-其他 | 2.17% | +0.62% | -19.55% | |
| 12 | GLBE | Global-E Online Ltd. | 股票-其他 | 2.01% | -0.04% | -2.40% | |
| 13 | LTH | Life Time Group Holdings Inc | 股票-其他 | 1.89% | +0.02% | -1.99% | |
| 14 | MOD | Modine Manufacturing Co | 股票-循環性消費 | 1.87% | -1.45% | +74.67% | |
| 15 | AXON | Axon Enterprise Inc | 股票-工業 | 1.84% | +0.07% | -2.24% | |
| 16 | KRUS | Kura Sushi USA Inc-class A | 股票-其他 | 1.76% | -0.41% | +17.30% | |
| 17 | PHR | Phreesia Inc | 股票-其他 | 1.74% | -0.40% | EXIT | |
| 18 | SRAD | Sportradar Group AG | 股票-其他 | 1.70% | -1.17% | EXIT | |
| 19 | KRNT | Kornit Digital Ltd. | 股票-其他 | 1.58% | -0.40% | +31.43% | |
| 20 | TOST | Toast Inc-class A | 股票-科技 | 1.58% | +0.17% | -16.20% | |
| 21 | NXT | Nextpower Inc-cl A | 股票-科技 | 1.44% | -0.36% | -7.34% | |
| 22 | COMP | Compass Inc - Class A | 股票-房地產 | 1.42% | -0.67% | EXIT | |
| 23 | APPS | Digital Turbine Inc | 股票-其他 | 1.36% | +0.62% | +11.12% | |
| 24 | ONTO | Onto Innovation Inc | 股票-科技 | 1.33% | -0.06% | +165.30% | |
| 25 | SMTC | Semtech CORP | 股票-科技 | 1.32% | -1.38% | EXIT | |
| 26 | FIGR | Figure Technology Solut-cl A | 股票-其他 | 1.16% | -0.62% | +45.12% | |
| 27 | CWST | Casella Waste Systems Inc-a | 股票-工業 | 1.08% | +0.55% | -18.02% | |
| 28 | AMRC | Ameresco Inc-cl A | 股票-其他 | 1.06% | -0.76% | -4.73% | |
| 29 | RMBS | Rambus Inc | 股票-科技 | 1.04% | -0.86% | +11.35% | |
| 30 | FIX | Comfort Systems USA Inc | 股票-工業 | 1.04% | -1.74% | EXIT | |
| 31 | FWRG | First Watch Restaurant Group | 股票-其他 | 0.94% | +0.08% | -12.96% | |
| 32 | RBC | RBC Bearings Inc | 股票-工業 | 0.94% | -0.23% | +6.34% | |
| 33 | SIMO | Silicon Motion Technol-adr | 股票-其他 | 0.91% | +4.23% | +10.29% | |
| 34 | KVYO | Klaviyo Inc-a | 股票-其他 | 0.84% | — | +94.70% | |
| 35 | WLTH | Wealthfront CORP | 股票-其他 | 0.81% | — | — | |
| 36 | STEP | Stepstone Group Inc-class A | 股票-其他 | 0.79% | -0.49% | EXIT | |
| 37 | LEU | Centrus Energy Corp-class A | 股票-能源 | 0.78% | -0.70% | -55.39% | |
| 38 | STRL | Sterling Infrastructure Inc | 股票-工業 | 0.78% | -0.68% | EXIT | |
| 39 | GTES | Gates Industrial Corporation plc | 股票-工業 | 0.77% | -0.01% | +22.34% | |
| 40 | SIBN | Si-bone Inc | 股票-其他 | 0.74% | +0.06% | -15.34% | |
| 41 | MTRN | Materion CORP | 股票-其他 | 0.74% | -0.27% | +46.62% | |
| 42 | TTMI | Ttm Technologies | 股票-科技 | 0.73% | +0.25% | — | |
| 43 | TCBI | Texas Capital Bancshares Inc | 股票-金融 | 0.69% | -0.11% | +5.05% | |
| 44 | QXO | Qxo Inc | 股票-工業 | 0.66% | +0.01% | +28.80% | |
| 45 | HUBS | Hubspot Inc | 股票-科技 | 0.65% | — | +57.26% | |
| 46 | ALHC | Alignment Healthcare Inc | 股票-其他 | 0.63% | -0.37% | +29.06% | |
| 47 | UMAC | Unusual Machines Inc /us | 股票-其他 | 0.63% | +0.05% | — | |
| 48 | ENVX | Enovix CORP | 股票-其他 | 0.61% | -0.38% | +12.28% | |
| 49 | CAVA | Cava Group Inc | 股票-循環性消費 | 0.58% | -0.45% | — | |
| 50 | CRDO | Credo Technology Group Holding Ltd | 股票-科技 | 0.57% | -0.25% | EXIT |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | ZETA | Zeta Global Holdings Corp-a | +1.3% | +110.34% | 加碼 |
| 2 | FTAI | FTAI Aviation Ltd. | +1.1% | +29.92% | 加碼 |
| 3 | ONTO | Onto Innovation Inc | +0.9% | +165.30% | 加碼 |
| 4 | CRS | Carpenter Technology | +0.9% | -0.84% | 減碼 |
| 5 | MRX | Marex Group plc | +0.8% | +30.53% | 加碼 |
| 6 | MOD | Modine Manufacturing Co | +0.8% | +74.67% | 加碼 |
| 7 | KRNT | Kornit Digital Ltd. | +0.5% | +31.43% | 加碼 |
| 8 | KVYO | Klaviyo Inc-a | +0.5% | +94.70% | 加碼 |
| 9 | FIGR | Figure Technology Solut-cl A | +0.5% | +45.12% | 加碼 |
| 10 | PHR | Phreesia Inc | +0.4% | +73.81% | 加碼 |
| 11 | CLBT | Cellebrite DI Ltd. | +0.4% | +16.27% | 加碼 |
| 12 | UTI | Universal Technical Institut | +0.3% | +253.53% | 加碼 |
| 13 | OWLT | Owlet Inc | +0.3% | +34.68% | 加碼 |
| 14 | XERS | Xeris Biopharma Holdings Inc | +0.3% | +249.38% | 加碼 |
| 15 | AZTA | Azenta Inc | +0.3% | +1999.67% | 加碼 |
| 16 | CELC | Celcuity Inc | +0.3% | +76.60% | 加碼 |
| 17 | MTRN | Materion CORP | +0.3% | +46.62% | 加碼 |
| 18 | LITE | Lumentum Holdings Inc | +0.2% | -13.33% | 減碼 |
| 19 | ALHC | Alignment Healthcare Inc | +0.2% | +29.06% | 加碼 |
| 20 | GLBE | Global-E Online Ltd. | +0.2% | -2.40% | 減碼 |
| 21 | RBC | RBC Bearings Inc | +0.2% | +6.34% | 加碼 |
| 22 | IMNM | Immunome Inc | +0.2% | +2.09% | 加碼 |
| 23 | HUBS | Hubspot Inc | +0.2% | +57.26% | 加碼 |
| 24 | SN | SharkNinja, Inc. | +0.2% | +31.87% | 加碼 |
| 25 | QXO | Qxo Inc | +0.2% | +28.80% | 加碼 |
| 26 | NXT | Nextpower Inc-cl A | +0.2% | -7.34% | 減碼 |
| 27 | CHEF | Chefs' Warehouse Inc/the | +0.2% | +1241.32% | 加碼 |
| 28 | VKTX | Viking Therapeutics Inc | +0.2% | +24.30% | 加碼 |
| 29 | SHLS | Shoals Technologies Group -a | +0.1% | +2481.91% | 加碼 |
| 30 | SLAB | Silicon Laboratories Inc | +0.1% | +228.20% | 加碼 |
| 31 | RGEN | Repligen CORP | +0.1% | +3.05% | 加碼 |
| 32 | KRUS | Kura Sushi USA Inc-class A | +0.1% | +17.30% | 加碼 |
| 33 | LIND | Lindblad Expeditions Holding | +0.1% | +84.01% | 加碼 |
| 34 | ONT | Onterris Inc | +0.1% | +119.66% | 加碼 |
| 35 | RVMD | Revolution Medicines Inc | +0.1% | -16.43% | 減碼 |
| 36 | SIBN | Si-bone Inc | +0.1% | -15.34% | 減碼 |
| 37 | KNSA | Kiniksa Pharmaceuticals International, plc | +0.1% | +11.51% | 加碼 |
| 38 | CYTK | Cytokinetics Inc | +0.1% | +53.35% | 加碼 |
| 39 | TCBI | Texas Capital Bancshares Inc | +0.1% | +5.05% | 加碼 |
| 40 | SIMO | Silicon Motion Technol-adr | +0.1% | +10.29% | 加碼 |
| 41 | BBNX | Beta Bionics Inc | +0.1% | +41.41% | 加碼 |
| 42 | SRRK | Scholar Rock Holding CORP | +0.1% | +18.36% | 加碼 |
| 43 | APGE | Apogee Therapeutics Inc | +0.1% | -28.46% | 減碼 |
| 44 | LSCC | Lattice Semiconductor CORP | +0.1% | +70.58% | 加碼 |
| 45 | EYPT | Eyepoint Inc | +0.1% | +5.40% | 加碼 |
| 46 | BLFS | Biolife Solutions Inc | +0.1% | +23.02% | 加碼 |
| 47 | FROG | JFrog Ltd. | +0.1% | -8.45% | 減碼 |
| 48 | SNDX | Syndax Pharmaceuticals Inc | +0.1% | -7.45% | 減碼 |
| 49 | GTES | Gates Industrial Corporation plc | +0.1% | +22.34% | 加碼 |
| 50 | ANAB | Anaptysbio Inc | +0.1% | -14.83% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Granahan Investment Management, LLC 在 Q4 2025 季度的美股持倉總市值約為 US$28.1億，共申報了 157 個公開持股部位。
在 Q4 2025 季度，Granahan Investment Management, LLC 按市值排列的前三大核心持股分別為：PRCH (4.5%)、GENI (3.7%)、CRS (3.6%)。其中最大持股部位 PRCH 佔據整體投資組合約 4.5% 的權重。
在 Q4 2025 季度中，Granahan Investment Management, LLC 共進行了 173 項持倉異動，包含新建倉 27 個部位、加碼 68 個部位、減碼 62 個部位以及清倉 16 個部位。 其中最大新建倉標的為 WLTH。 本季清倉部位包含 FOUR。
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。