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: 0002108411
申報總市值
US$4.0億
US$4.0億
92 檔
27.4%
根據最新整理的 13F 季度數據集，Intercapital, LLC 於 Q1 2026 結束時的管理資產規模為 US$4.0億。該機構在本季度申報了 92 檔美股持倉，呈現出該時期的主要投資地圖。
Q1 2026 的申報記錄反映 Intercapital, LLC 的板塊替換策略：機構本季推動了 55 筆增持與 58 筆減持，籌碼呈現明顯的結構重組。
整體而言，Intercapital, LLC 的前 5 大持股（包含 MSFT, LULU, AFRM）貢獻了組合市值的 27.4%，形成該機構在 Q1 2026 季度的基本面基石。
| # | 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 | MSFT | Microsoft CORP | 股票-科技 | 16.31% | -9.32% | +3040.52% | |
| 2 | LULU | Lululemon Athletica Inc | 股票-循環性消費 | 6.80% | -6.24% | +1203.92% | |
| 3 | AFRM | Affirm Holdings Inc | 股票-金融 | 4.90% | -1.29% | +61.64% | |
| 4 | RDDT | Reddit Inc-cl A | 股票-通訊服務 | 4.52% | -0.43% | +6600.00% | |
| 5 | AMZN | Amazon.com Inc | 股票-循環性消費 | 4.10% | +11.30% | -46.87% | |
| 6 | DUOL | Duolingo | 股票-科技 | 3.87% | -3.28% | — | |
| 7 | MELI | Mercadolibre Inc | 股票-循環性消費 | 3.61% | -2.30% | +574.95% | |
| 8 | XLE | Ss Energy Select Sector | ETF-其他 | 3.48% | -3.48% | EXIT | |
| 9 | BA | Boeing Co/the | 股票-工業 | 2.59% | -0.15% | -71.49% | |
| 10 | SE | Sea Ltd-adr | 股票-通訊服務 | 2.43% | +0.30% | +134.45% | |
| 11 | DAVE | Dave Inc | 股票-其他 | 2.29% | +0.22% | — | |
| 12 | ORCL | Oracle CORP | 股票-科技 | 2.24% | -1.67% | +82.00% | |
| 13 | COMP | Compass Inc - Class A | 股票-房地產 | 2.18% | +0.56% | -53.27% | |
| 14 | AVGO | Broadcom Inc | 股票-科技 | 2.17% | +0.77% | +950.00% | |
| 15 | TLT | Ishares 20+ Year Treasury Bd | ETF-政府公債 | 2.03% | +0.34% | -62.61% | |
| 16 | RIVN | Rivian Automotive Inc-a | 股票-循環性消費 | 1.92% | -1.60% | -75.53% | |
| 17 | CRCL | Circle Internet Group Inc | 股票-金融 | 1.92% | -1.61% | — | |
| 18 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 1.68% | +1.21% | -20.85% | |
| 19 | WIX | Wix.com Ltd. | 股票-科技 | 1.55% | -1.55% | EXIT | |
| 20 | SMH | Vaneck Semiconductor ETF | ETF-其他 | 1.28% | -0.13% | -42.86% | |
| 21 | PLD | Prologis Inc | 股票-房地產 | 1.10% | -1.03% | -50.55% | |
| 22 | HIMS | Hims & Hers Health Inc | 股票-醫療保健 | 1.10% | -0.82% | — | |
| 23 | TSLA | Tesla Inc | 股票-循環性消費 | 0.99% | -0.10% | — | |
| 24 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-非投資等級債 | 0.93% | -0.93% | EXIT | |
| 25 | FBTC | Fidelity Wise Origin Bitcoin | ETF-加密貨幣 | 0.93% | -0.93% | EXIT | |
| 26 | AAPL | Apple Inc | 股票-科技 | 0.91% | -0.80% | +345.83% | |
| 27 | NKE | Nike Inc -cl B | 股票-循環性消費 | 0.88% | -0.40% | +257.86% | |
| 28 | WDC | Western Digital CORP | 股票-科技 | 0.86% | -0.50% | -36.67% | |
| 29 | SNDK | Sandisk CORP | 股票-科技 | 0.85% | -0.85% | EXIT | |
| 30 | OXY | Occidental Petroleum CORP | 股票-能源 | 0.83% | -0.83% | EXIT | |
| 31 | LPLA | Lpl Financial Holdings Inc | 股票-金融 | 0.80% | -0.24% | — | |
| 32 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.79% | -0.30% | — | |
| 33 | VG | Venture Global Inc-cl A | 股票-能源 | 0.75% | -0.40% | — | |
| 34 | SHOP | Shopify Inc - Class A | 股票-科技 | 0.74% | -0.15% | +93.80% | |
| 35 | NVDA | Nvidia CORP | 股票-科技 | 0.73% | +5.91% | -29.48% | |
| 36 | V | Visa Inc-class A Shares | 股票-金融 | 0.71% | -0.71% | EXIT | |
| 37 | CRDO | Credo Technology Group Holding Ltd | 股票-科技 | 0.63% | +3.23% | — | |
| 38 | KKR | Kkr & Co Inc | 股票-金融 | 0.63% | -0.35% | — | |
| 39 | FLUT | Flutter Entertainment plc | 股票-循環性消費 | 0.52% | -0.52% | EXIT | |
| 40 | MU | Micron Technology Inc | 股票-科技 | 0.51% | +0.07% | -91.43% | |
| 41 | FIG | Figma Inc-cl A | 股票-其他 | 0.50% | +1.45% | — | |
| 42 | LITE | Lumentum Holdings Inc | 股票-科技 | 0.49% | -0.49% | EXIT | |
| 43 | IGV | Ishares Expanded Tech-softwa | ETF-科技型 | 0.48% | -0.48% | EXIT | |
| 44 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 0.48% | +2.13% | — | |
| 45 | BABA | Alibaba Group Holding-sp Adr | 股票-循環性消費 | 0.46% | +0.69% | -42.11% | |
| 46 | RTX | Rtx CORP | 股票-工業 | 0.42% | -0.04% | — | |
| 47 | BROS | Dutch Bros Inc-class A | 股票-循環性消費 | 0.41% | +0.04% | — | |
| 48 | APP | Applovin Corp-class A | 股票-科技 | 0.40% | +0.05% | +100.00% | |
| 49 | MCHI | Ishares Msci China ETF | ETF-新興市場 | 0.38% | -0.31% | -81.10% | |
| 50 | HOOD | Robinhood Markets Inc - A | 股票-金融 | 0.37% | -0.24% | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | MSFT | Microsoft CORP | +15.6% | +3040.52% | 加碼 |
| 2 | LULU | Lululemon Athletica Inc | +6.1% | +1203.92% | 加碼 |
| 3 | RDDT | Reddit Inc-cl A | +4.4% | +6600.00% | 加碼 |
| 4 | MELI | Mercadolibre Inc | +3% | +574.95% | 加碼 |
| 5 | AVGO | Broadcom Inc | +1.9% | +950.00% | 加碼 |
| 6 | SE | Sea Ltd-adr | +0.8% | +134.45% | 加碼 |
| 7 | AAPL | Apple Inc | +0.7% | +345.83% | 加碼 |
| 8 | NKE | Nike Inc -cl B | +0.6% | +257.86% | 加碼 |
| 9 | ORCL | Oracle CORP | +0.5% | +82.00% | 加碼 |
| 10 | SHOP | Shopify Inc - Class A | +0.2% | +93.80% | 加碼 |
| 11 | XPEV | Xpeng Inc - Adr | +0.2% | +130.80% | 加碼 |
| 12 | SNAP | Snap Inc - A | +0.1% | +144.00% | 加碼 |
| 13 | APP | Applovin Corp-class A | 0% | +100.00% | 加碼 |
| 14 | JOBY | Joby Aviation, Inc. | 0% | — | 不變 |
| 15 | META | Meta Platforms Inc-class A | 0% | — | 不變 |
| 16 | WDC | Western Digital CORP | -0.1% | -36.67% | 減碼 |
| 17 | RKT | Rocket Cos Inc-class A | -0.1% | — | 不變 |
| 18 | BE | Bloom Energy Corp- A | -0.1% | -67.77% | 減碼 |
| 19 | UWM | Proshares Ultra Russell2000 | -0.1% | -45.23% | 減碼 |
| 20 | BROS | Dutch Bros Inc-class A | -0.1% | — | 不變 |
| 21 | MRNA | Moderna Inc | -0.1% | -80.00% | 減碼 |
| 22 | LLY | Eli Lilly & Co | -0.1% | -50.00% | 減碼 |
| 23 | IBKR | Interactive Brokers Gro-cl A | -0.1% | -31.58% | 減碼 |
| 24 | ✓ | On Holding AG | -0.2% | — | 不變 |
| 25 | PDD | Pdd Holdings Inc | -0.2% | -26.05% | 減碼 |
| 26 | EDV | Vanguard Extended Dur Treas | -0.2% | -50.00% | 減碼 |
| 27 | EVR | Evercore Inc - A | -0.2% | -64.91% | 減碼 |
| 28 | BIDU | Baidu Inc - Spon Adr | -0.3% | -33.33% | 減碼 |
| 29 | AFRM | Affirm Holdings Inc | -0.3% | +61.64% | 加碼 |
| 30 | TSM | Taiwan Semiconductor-sp Adr | -0.3% | -20.85% | 減碼 |
| 31 | FXI | Ishares China Large-cap ETF | -0.4% | -50.77% | 減碼 |
| 32 | NVDA | Nvidia CORP | -0.4% | -29.48% | 減碼 |
| 33 | WIX | Wix.com Ltd. | -0.5% | -7.53% | 減碼 |
| 34 | HXL | Hexcel CORP | -0.5% | -80.00% | 減碼 |
| 35 | WMT | Walmart Inc | -0.5% | -86.67% | 減碼 |
| 36 | BABA | Alibaba Group Holding-sp Adr | -0.5% | -42.11% | 減碼 |
| 37 | PTON | Peloton Interactive Inc-a | -0.6% | -64.71% | 減碼 |
| 38 | COHR | Coherent CORP | -0.6% | -82.73% | 減碼 |
| 39 | DAL | Delta Air Lines Inc | -0.8% | -83.78% | 減碼 |
| 40 | CPNG | Coupang Inc | -0.9% | -83.16% | 減碼 |
| 41 | SMH | Vaneck Semiconductor ETF | -0.9% | -42.86% | 減碼 |
| 42 | PLD | Prologis Inc | -1.2% | -50.55% | 減碼 |
| 43 | FSLR | First Solar Inc | -1.5% | -79.56% | 減碼 |
| 44 | MCHI | Ishares Msci China ETF | -1.9% | -81.10% | 減碼 |
| 45 | TGT | Target CORP | -2% | -95.22% | 減碼 |
| 46 | TLT | Ishares 20+ Year Treasury Bd | -3.7% | -62.61% | 減碼 |
| 47 | MU | Micron Technology Inc | -4.8% | -91.43% | 減碼 |
| 48 | AMZN | Amazon.com Inc | -4.9% | -46.87% | 減碼 |
| 49 | COMP | Compass Inc - Class A | -4.9% | -53.27% | 減碼 |
| 50 | BA | Boeing Co/the | -7.9% | -71.49% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Intercapital, LLC 在 Q1 2026 季度的美股持倉總市值約為 US$4.0億，共申報了 92 個公開持股部位。
在 Q1 2026 季度，Intercapital, LLC 按市值排列的前三大核心持股分別為：MSFT (16.3%)、LULU (6.8%)、AFRM (4.9%)。其中最大持股部位 MSFT 佔據整體投資組合約 16.3% 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
DUOL
市值: US$1158.2萬
本季最大獲利了結 / 清倉標的
ARKB
前期市值: US$464.6萬
在 Q1 2026 季度中，Intercapital, LLC 共進行了 113 項持倉異動，包含新建倉 41 個部位、加碼 14 個部位、減碼 32 個部位以及清倉 26 個部位。 其中最大新建倉標的為 DUOL。 本季清倉部位包含 ARKB。
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。