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: 0001965776
申報總市值
US$1.7億
US$1.7億
44 檔
20.0%
根據最新整理的 13F 季度數據集，Graphene Investments SAS 於 Q4 2025 結束時的管理資產規模為 US$1.7億。該機構在本季度申報了 44 檔美股持倉，呈現出該時期的主要投資地圖。
Graphene Investments SAS 在 Q4 2025 進行了結構性的板塊輪動與部位換股。在開立 2 個全新部位及加碼 14 檔持股的同時，亦同步清倉 2 檔並減碼 17 檔標的。
檢視投資組合結構，前 5 大主力部位（包含 GOOGL, AAPL, NVDA）占據了總市值的 20.0%，展現出該機構在 Q4 2025 的重點資金聚焦與風險分佈特徵。
| # | 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 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 6.14% | +2.49% | -18.70% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 4.09% | -0.05% | -18.37% | |
| 3 | NVDA | Nvidia CORP | 股票-科技 | 4.07% | +1.39% | — | |
| 4 | MSFT | Microsoft CORP | 股票-科技 | 3.82% | +0.15% | — | |
| 5 | AVGO | Broadcom Inc | 股票-科技 | 3.41% | -0.41% | -8.72% | |
| 6 | WM | Waste Management Inc | 股票-工業 | 2.29% | -0.13% | +7.10% | |
| 7 | NDAQ | Nasdaq Inc | 股票-金融 | 2.28% | -0.19% | — | |
| 8 | MSI | Motorola Solutions Inc | 股票-科技 | 2.28% | +0.08% | +20.25% | |
| 9 | BNY | Bank Of New York Mellon CORP | 股票-金融 | 2.23% | +0.13% | -9.17% | |
| 10 | BURL | Burlington Stores Inc | 股票-循環性消費 | 2.23% | -0.35% | +14.95% | |
| 11 | MCK | Mckesson CORP | 股票-醫療保健 | 2.21% | -0.07% | — | |
| 12 | TMUS | T-mobile US Inc | 股票-通訊服務 | 2.18% | -0.11% | +31.54% | |
| 13 | IQV | Iqvia Holdings Inc | 股票-醫療保健 | 2.18% | +0.36% | — | |
| 14 | RGA | Reinsurance Group Of America | 股票-金融 | 2.17% | +0.15% | — | |
| 15 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.16% | -0.01% | — | |
| 16 | LLY | Eli Lilly & Co | 股票-醫療保健 | 2.16% | +0.12% | -23.81% | |
| 17 | MS | Morgan Stanley | 股票-金融 | 2.14% | -0.17% | -16.52% | |
| 18 | VRTX | Vertex Pharmaceuticals Inc | 股票-醫療保健 | 2.13% | +0.19% | -9.64% | |
| 19 | BFAM | Bright Horizons Family Solut | 股票-循環性消費 | 2.12% | -0.07% | +12.50% | |
| 20 | CRM | Salesforce Inc | 股票-科技 | 2.11% | -0.08% | +3.25% | |
| 21 | NUE | Nucor CORP | 股票-原物料 | 2.11% | -0.15% | -5.07% | |
| 22 | BKR | Baker Hughes Co | 股票-能源 | 2.08% | -0.11% | +14.24% | |
| 23 | CPAY | Corpay Inc | 股票-科技 | 2.07% | +0.31% | — | |
| 24 | RJF | Raymond James Financial Inc | 股票-金融 | 2.06% | -1.99% | EXIT | |
| 25 | DBX | Dropbox Inc-class A | 股票-科技 | 2.05% | +0.38% | +13.76% | |
| 26 | ATI | Ati Inc | 股票-工業 | 2.04% | -0.01% | -29.70% | |
| 27 | PFE | Pfizer Inc | 股票-醫療保健 | 2.02% | -0.26% | — | |
| 28 | HCA | Hca Healthcare Inc | 股票-醫療保健 | 2.02% | -0.01% | -14.81% | |
| 29 | EOG | Eog Resources Inc | 股票-能源 | 2.00% | -0.17% | +22.09% | |
| 30 | HII | Huntington Ingalls Industrie | 股票-工業 | 1.98% | -0.18% | — | |
| 31 | DG | Dollar General CORP | 股票-非循環性消費 | 1.91% | -1.98% | EXIT | |
| 32 | TENB | Tenable Holdings Inc | 股票-其他 | 1.91% | +0.25% | +19.08% | |
| 33 | ON | On Semiconductor | 股票-科技 | 1.89% | -0.11% | — | |
| 34 | INTC | Intel CORP | 股票-科技 | 1.87% | -0.06% | -6.79% | |
| 35 | JAZZ | Jazz Pharmaceuticals plc | 股票-醫療保健 | 1.84% | -0.17% | -35.45% | |
| 36 | PATH | Uipath Inc - Class A | 股票-科技 | 1.82% | +0.12% | -21.10% | |
| 37 | CDW | Cdw Corp/de | 股票-科技 | 1.81% | +0.17% | +21.84% | |
| 38 | GAP | Gap Inc/the | 股票-循環性消費 | 1.80% | +0.09% | -20.55% | |
| 39 | NXT | Nextpower Inc-cl A | 股票-科技 | 1.79% | -0.14% | -15.25% | |
| 40 | FLEX | Flex Ltd. | 股票-科技 | 1.78% | -0.10% | -20.64% | |
| 41 | P | Everpure Inc-a | 股票-科技 | 1.71% | -1.62% | EXIT | |
| 42 | ITRI | Itron Inc | 股票-科技 | 1.71% | +0.06% | +13.08% | |
| 43 | PINS | Pinterest Inc- Class A | 股票-通訊服務 | 1.70% | -0.01% | +15.53% | |
| 44 | VRT | Vertiv Holdings Co-a | 股票-工業 | 1.62% | -0.06% | -14.89% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | BURL | Burlington Stores Inc | +0.5% | +14.95% | 加碼 |
| 2 | IQV | Iqvia Holdings Inc | +0.3% | — | 不變 |
| 3 | CRM | Salesforce Inc | +0.3% | +3.25% | 加碼 |
| 4 | NUE | Nucor CORP | +0.3% | -5.07% | 減碼 |
| 5 | EOG | Eog Resources Inc | +0.2% | +22.09% | 加碼 |
| 6 | GOOGL | Alphabet Inc-cl A | +0.2% | -18.70% | 減碼 |
| 7 | TMUS | T-mobile US Inc | +0.2% | +31.54% | 加碼 |
| 8 | NDAQ | Nasdaq Inc | +0.2% | — | 不變 |
| 9 | ON | On Semiconductor | +0.2% | — | 不變 |
| 10 | LLY | Eli Lilly & Co | +0.1% | -23.81% | 減碼 |
| 11 | WM | Waste Management Inc | +0.1% | +7.10% | 加碼 |
| 12 | BKR | Baker Hughes Co | +0.1% | +14.24% | 加碼 |
| 13 | MCK | Mckesson CORP | +0.1% | — | 不變 |
| 14 | RGA | Reinsurance Group Of America | +0.1% | — | 不變 |
| 15 | AMZN | Amazon.com Inc | +0.1% | — | 不變 |
| 16 | BFAM | Bright Horizons Family Solut | +0.1% | +12.50% | 加碼 |
| 17 | DBX | Dropbox Inc-class A | +0.1% | +13.76% | 加碼 |
| 18 | CPAY | Corpay Inc | +0.1% | — | 不變 |
| 19 | VRTX | Vertex Pharmaceuticals Inc | +0.1% | -9.64% | 減碼 |
| 20 | P | Everpure Inc-a | +0.1% | +31.19% | 加碼 |
| 21 | CDW | Cdw Corp/de | +0.1% | +21.84% | 加碼 |
| 22 | INTC | Intel CORP | 0% | -6.79% | 減碼 |
| 23 | MSI | Motorola Solutions Inc | — | +20.25% | 加碼 |
| 24 | NXT | Nextpower Inc-cl A | 0% | -15.25% | 減碼 |
| 25 | ATI | Ati Inc | 0% | -29.70% | 減碼 |
| 26 | NVDA | Nvidia CORP | 0% | — | 不變 |
| 27 | PFE | Pfizer Inc | -0.1% | — | 不變 |
| 28 | PATH | Uipath Inc - Class A | -0.1% | -21.10% | 減碼 |
| 29 | TENB | Tenable Holdings Inc | -0.1% | +19.08% | 加碼 |
| 30 | BNY | Bank Of New York Mellon CORP | -0.1% | -9.17% | 減碼 |
| 31 | GAP | Gap Inc/the | -0.1% | -20.55% | 減碼 |
| 32 | PINS | Pinterest Inc- Class A | -0.2% | +15.53% | 加碼 |
| 33 | HCA | Hca Healthcare Inc | -0.2% | -14.81% | 減碼 |
| 34 | MS | Morgan Stanley | -0.2% | -16.52% | 減碼 |
| 35 | VRT | Vertiv Holdings Co-a | -0.2% | -14.89% | 減碼 |
| 36 | RJF | Raymond James Financial Inc | -0.2% | — | 不變 |
| 37 | AVGO | Broadcom Inc | -0.2% | -8.72% | 減碼 |
| 38 | MSFT | Microsoft CORP | -0.3% | — | 不變 |
| 39 | ITRI | Itron Inc | -0.3% | +13.08% | 加碼 |
| 40 | FLEX | Flex Ltd. | -0.4% | -20.64% | 減碼 |
| 41 | JAZZ | Jazz Pharmaceuticals plc | -0.4% | -35.45% | 減碼 |
| 42 | AAPL | Apple Inc | -0.6% | -18.37% | 減碼 |
| 43 | HII | Huntington Ingalls Industrie | — | NEW | 新建倉 |
| 44 | DG | Dollar General CORP | — | NEW | 新建倉 |
| 45 | FISV | Fiserv Inc | — | EXIT | 清倉 |
| 46 | BBWI | Bath & Body Works Inc | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Graphene Investments SAS 在 Q4 2025 季度的美股持倉總市值約為 US$1.7億，共申報了 44 個公開持股部位。
在 Q4 2025 季度，Graphene Investments SAS 按市值排列的前三大核心持股分別為：GOOGL (6.1%)、AAPL (4.1%)、NVDA (4.1%)。其中最大持股部位 GOOGL 佔據整體投資組合約 6.1% 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
HII
市值: US$316.3萬
本季最大獲利了結 / 清倉標的
FISV
前期市值: US$297.8萬
在 Q4 2025 季度中，Graphene Investments SAS 共進行了 35 項持倉異動，包含新建倉 2 個部位、加碼 14 個部位、減碼 17 個部位以及清倉 2 個部位。 其中最大新建倉標的為 HII。 本季清倉部位包含 FISV。
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。