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: 0001393825
申報總市值
US$368.3億
US$368.3億
1278 檔
21.8%
根據最新整理的 13F 季度數據集，Hudson Bay Capital Management LP 於 Q1 2026 結束時的管理資產規模為 US$368.3億。該機構在本季度申報了 1278 檔美股持倉，呈現出該時期的主要投資地圖。
Hudson Bay Capital Management LP 在 Q1 2026 進行了結構性的板塊輪動與部位換股。在開立 44 個全新部位及加碼 48 檔持股的同時，亦同步清倉 40 檔並減碼 63 檔標的。
整體而言，Hudson Bay Capital Management LP 的前 5 大持股（包含 NVDA, TSLA, AMZN）貢獻了組合市值的 21.8%，形成該機構在 Q1 2026 季度的基本面基石。
僅顯示前 200 大持股（共 1278 檔）
| # | 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 | NVDA | Nvidia CORP | 股票-科技 | 8.07% | -3.20% | +13.04% | |
| 2 | TSLA | Tesla Inc | 股票-循環性消費 | 6.17% | -0.34% | -20.79% | |
| 3 | AMZN | Amazon.com Inc | 股票-循環性消費 | 5.76% | -0.01% | +41.14% | |
| 4 | AAPL | Apple Inc | 股票-科技 | 3.93% | -2.38% | +94.18% | |
| 5 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 3.76% | +0.08% | +41.99% | |
| 6 | NFLX | Netflix Inc | 股票-通訊服務 | 3.66% | -2.02% | +45.13% | |
| 7 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 3.51% | -0.96% | +65.83% | |
| 8 | AMD | Advanced Micro Devices | 股票-科技 | 3.12% | +0.86% | -19.31% | |
| 9 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 2.88% | -1.00% | +53.29% | |
| 10 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 2.59% | -0.14% | +16.35% | |
| 11 | MSFT | Microsoft CORP | 股票-科技 | 1.88% | +0.23% | -21.20% | |
| 12 | ECHO 3.875 11-30-30債券 | Echostar CORP | 債券 | 1.62% | -0.23% | +58.93% | |
| 13 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 1.62% | +3.47% | +261.62% | |
| 14 | FLG | Flagstar Bank NA | 股票-金融 | 1.58% | -1.19% | — | |
| 15 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 1.31% | -0.46% | — | |
| 16 | DLTR | Dollar Tree Inc | 股票-非循環性消費 | 1.18% | -0.09% | — | |
| 17 | MU | Micron Technology Inc | 股票-科技 | 1.17% | -1.17% | EXIT | |
| 18 | AVGO | Broadcom Inc | 股票-科技 | 1.07% | -0.98% | -4.27% | |
| 19 | EA | Electronic Arts Inc | 股票-通訊服務 | 0.97% | -0.47% | +248.60% | |
| 20 | PCG 4.25 12-01-27債券 | Pg&e CORP | 債券 | 0.95% | -0.19% | +0.70% | |
| 21 | BABA 0.5 06-01-31債券 | Alibaba Group Holding | 債券 | 0.93% | -0.34% | -4.42% | |
| 22 | RIG 4.625 09-30-29 *債券 | Transocean Interntnl LTD | 債券 | 0.92% | -0.42% | +6.14% | |
| 23 | ORCL | Oracle CORP | 股票-科技 | 0.89% | -0.88% | +8294.23% | |
| 24 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-非投資等級債 | 0.88% | -0.40% | +88.76% | |
| 25 | GLD | Spdr Gold Shares | ETF-避險與商品 | 0.84% | -0.62% | — | |
| 26 | SHOP | Shopify Inc - Class A | 股票-科技 | 0.84% | -0.13% | +2.46% | |
| 27 | IBIT | Ishares Bitcoin Trust ETF | ETF-加密貨幣 | 0.75% | -0.49% | -1.23% | |
| 28 | WBD | Warner Bros Discovery Inc | 股票-通訊服務 | 0.73% | +0.09% | +4061.25% | |
| 29 | DIS | Walt Disney Co/the | 股票-通訊服務 | 0.73% | -0.73% | EXIT | |
| 30 | ADBE | Adobe Inc | 股票-科技 | 0.72% | +0.02% | +47.76% | |
| 31 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 0.66% | +2.30% | -66.58% | |
| 32 | INTC | Intel CORP | 股票-科技 | 0.59% | +0.63% | +34.04% | |
| 33 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 0.58% | +0.46% | +222.03% | |
| 34 | COIN | Coinbase Global Inc -class A | 股票-金融 | 0.54% | -0.42% | — | |
| 35 | BAC 0.6 05-25-27 MTN債券 | Bofa Finance LLC | 債券 | 0.54% | -0.09% | +54.56% | |
| 36 | UNIT 7.5 12-01-27債券 | Uniti Group Inc | 債券 | 0.47% | -0.09% | -2.48% | |
| 37 | NSC | Norfolk Southern CORP | 股票-工業 | 0.41% | +0.01% | +23.03% | |
| 38 | PEN | Penumbra Inc | 股票-醫療保健 | 0.40% | -0.20% | — | |
| 39 | FXI | Ishares China Large-cap ETF | ETF-新興市場 | 0.39% | -0.34% | -20.68% | |
| 40 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.37% | -0.05% | +156.25% | |
| 41 | ANET | Arista Networks Inc | 股票-科技 | 0.33% | -0.04% | -0.48% | |
| 42 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.31% | +0.78% | -66.05% | |
| 43 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.31% | +0.34% | +48.96% | |
| 44 | ITGR | Integer Holdings CORP | 股票-醫療保健 | 0.30% | -0.05% | — | |
| 45 | XLF | Ss Financial Select Sector | ETF-其他 | 0.29% | -0.26% | +107.37% | |
| 46 | XOP | Ss Spdr S&p Og Exp & Prod | ETF-其他 | 0.29% | -0.10% | — | |
| 47 | AAL | American Airlines Group Inc | 股票-工業 | 0.29% | +0.09% | -1.52% | |
| 48 | WBS | Webster Financial CORP | 股票-金融 | 0.29% | -0.10% | — | |
| 49 | FSLR | First Solar Inc | 股票-科技 | 0.27% | -0.14% | — | |
| 50 | BE | Bloom Energy Corp- A | 股票-工業 | 0.27% | +0.37% | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | AAPL | Apple Inc | +1.9% | +94.18% | 加碼 |
| 2 | IWM | Ishares Russell 2000 ETF | +1.5% | +65.83% | 加碼 |
| 3 | AMZN | Amazon.com Inc | +1.4% | +41.14% | 加碼 |
| 4 | NFLX | Netflix Inc | +1.3% | +45.13% | 加碼 |
| 5 | TSM | Taiwan Semiconductor-sp Adr | +1.2% | +261.62% | 加碼 |
| 6 | SPY | Ss Spdr S&p 500 ETF Trust-us | +1% | +53.29% | 加碼 |
| 7 | ORCL | Oracle CORP | +0.9% | +8294.23% | 加碼 |
| 8 | NVDA | Nvidia CORP | +0.8% | +13.04% | 加碼 |
| 9 | WBD | Warner Bros Discovery Inc | +0.7% | +4061.25% | 加碼 |
| 10 | ECHO 3.875 11-30-30債券 | Echostar CORP | +0.7% | +58.93% | 加碼 |
| 11 | EA | Electronic Arts Inc | +0.7% | +248.60% | 加碼 |
| 12 | PLTR | Palantir Technologies Inc-a | +0.7% | +41.99% | 加碼 |
| 13 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | +0.4% | +88.76% | 加碼 |
| 14 | QQQ | Invesco Qqq Trust Series 1 | +0.4% | +222.03% | 加碼 |
| 15 | RIG 4.625 09-30-29 *債券 | Transocean Interntnl LTD | +0.4% | +6.14% | 加碼 |
| 16 | BRK-B | Berkshire Hathaway Inc-cl B | +0.4% | +16.35% | 加碼 |
| 17 | MRK | Merck & Co. Inc. | +0.3% | +156.25% | 加碼 |
| 18 | BAC 0.6 05-25-27 MTN債券 | Bofa Finance LLC | +0.2% | +54.56% | 加碼 |
| 19 | INTC | Intel CORP | +0.2% | +34.04% | 加碼 |
| 20 | COHR | Coherent CORP | +0.2% | +4356.82% | 加碼 |
| 21 | SMH | Vaneck Semiconductor ETF | +0.2% | +660.42% | 加碼 |
| 22 | CAR | Avis Budget Group Inc | +0.1% | +100.00% | 加碼 |
| 23 | XLF | Ss Financial Select Sector | +0.1% | +107.37% | 加碼 |
| 24 | JNJ | Johnson & Johnson | +0.1% | +230.14% | 加碼 |
| 25 | VISN | Vistance Networks Inc | +0.1% | +91.43% | 加碼 |
| 26 | FLG | Flagstar Bank NA | +0.1% | — | 不變 |
| 27 | JPM | Jpmorgan Chase & Co | +0.1% | +155.19% | 加碼 |
| 28 | WFC | Wells Fargo & Co | +0.1% | +169.56% | 加碼 |
| 29 | 430 | Terns Pharmaceuticals Inc | +0.1% | +662.86% | 加碼 |
| 30 | KIM | Kimco Realty CORP | +0.1% | +338.46% | 加碼 |
| 31 | PECO | Phillips Edison & Company In | +0.1% | +223.77% | 加碼 |
| 32 | NSC | Norfolk Southern CORP | +0.1% | +23.03% | 加碼 |
| 33 | KVUE | Kenvue Inc | +0.1% | +46.94% | 加碼 |
| 34 | HA7 | Enviri CORP | +0.1% | +66.69% | 加碼 |
| 35 | CUBE | Cubesmart | +0.1% | +338.76% | 加碼 |
| 36 | LLY | Eli Lilly & Co | +0.1% | +48.96% | 加碼 |
| 37 | ETR | Entergy CORP | +0.1% | +25.35% | 加碼 |
| 38 | APLSUSD | Apellis Pharmaceuticals Inc | +0.1% | +0.90% | 加碼 |
| 39 | BMRN | Biomarin Pharmaceutical Inc | +0.1% | +45.49% | 加碼 |
| 40 | NEOG | Neogen CORP | +0.1% | +0.00% | 加碼 |
| 41 | PPL | Ppl CORP | +0.1% | +35.60% | 加碼 |
| 42 | XOM | Exxon Mobil CORP | +0.1% | +0.10% | 加碼 |
| 43 | XBI | Ss Spdr S&p Biotech ETF | +0.1% | +46.38% | 加碼 |
| 44 | NRG | Nrg Energy Inc | +0.1% | +200.17% | 加碼 |
| 45 | AEE | Ameren Corporation | +0.1% | +32.08% | 加碼 |
| 46 | FE | Firstenergy CORP | +0.1% | +15.66% | 加碼 |
| 47 | LPLA | Lpl Financial Holdings Inc | +0.1% | +68.95% | 加碼 |
| 48 | ED | Consolidated Edison Inc | 0% | +190.35% | 加碼 |
| 49 | IONS | Ionis Pharmaceuticals Inc | 0% | -37.87% | 減碼 |
| 50 | EW | Edwards Lifesciences CORP | 0% | -19.57% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Hudson Bay Capital Management LP 在 Q1 2026 季度的美股持倉總市值約為 US$368.3億，共申報了 1278 個公開持股部位。
在 Q1 2026 季度，Hudson Bay Capital Management LP 按市值排列的前三大核心持股分別為：NVDA (8.1%)、TSLA (6.2%)、AMZN (5.8%)。其中最大持股部位 NVDA 佔據整體投資組合約 8.1% 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
UNH
市值: US$3.8億
本季最大獲利了結 / 清倉標的
CYBERARK SOFTWARE LTD. CMN
前期市值: US$2.3億
在 Q1 2026 季度中，Hudson Bay Capital Management LP 共進行了 195 項持倉異動，包含新建倉 44 個部位、加碼 48 個部位、減碼 63 個部位以及清倉 40 個部位。 其中最大新建倉標的為 UNH。 本季清倉部位包含 CYBERARK SOFTWARE LTD. CMN。
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。