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: 0001926253
申報總市值
US$18.7億
US$18.7億
77 檔
25.0%
根據最新整理的 13F 季度數據集，Keystone Investors Pte LTD 於 Q4 2025 結束時的管理資產規模為 US$18.7億。該機構在本季度申報了 77 檔美股持倉，呈現出該時期的主要投資地圖。
觀察 Q4 2025 的申報異動，Keystone Investors Pte LTD 採取了強勁的買進策略，建倉與加碼動作（合計 63 筆）涵蓋多個核心板塊，展現機構對特定產業前景之樂觀態度。
檢視投資組合結構，前 5 大主力部位（包含 GOOG, NVDA, SE）占據了總市值的 25.0%，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 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 13.53% | -6.20% | +29.71% | |
| 2 | NVDA | Nvidia CORP | 股票-科技 | 9.06% | -7.69% | +53.94% | |
| 3 | SE | Sea Ltd-adr | 股票-通訊服務 | 7.52% | -6.44% | +12.92% | |
| 4 | AMZN | Amazon.com Inc | 股票-循環性消費 | 6.70% | +0.78% | — | |
| 5 | GDX | Vaneck Gold Miners ETF | ETF-避險與商品 | 5.16% | -4.92% | — | |
| 6 | IQV | Iqvia Holdings Inc | 股票-醫療保健 | 4.98% | -4.98% | EXIT | |
| 7 | MSFT | Microsoft CORP | 股票-科技 | 4.13% | -1.50% | +50.94% | |
| 8 | LITE | Lumentum Holdings Inc | 股票-科技 | 3.65% | +0.42% | -29.51% | |
| 9 | COHR | Coherent CORP | 股票-科技 | 3.43% | +1.09% | +12.58% | |
| 10 | WDC | Western Digital CORP | 股票-科技 | 3.05% | +7.01% | -31.28% | |
| 11 | AGX | Argan Inc | 股票-工業 | 2.57% | -2.57% | EXIT | |
| 12 | GILD | Gilead Sciences Inc | 股票-醫療保健 | 2.29% | -1.78% | — | |
| 13 | TSLA | Tesla Inc | 股票-循環性消費 | 1.97% | -1.97% | EXIT | |
| 14 | ULTA | Ulta Beauty Inc | 股票-循環性消費 | 1.95% | -1.95% | EXIT | |
| 15 | BIDU | Baidu Inc - Spon Adr | 股票-通訊服務 | 1.94% | -1.94% | EXIT | |
| 16 | STX | Seagate Technology Holdings plc | 股票-科技 | 1.73% | +8.01% | +39.21% | |
| 17 | MU | Micron Technology Inc | 股票-科技 | 1.55% | -1.51% | — | |
| 18 | CRDO | Credo Technology Group Holding Ltd | 股票-科技 | 1.48% | -1.48% | EXIT | |
| 19 | FLS | Flowserve CORP | 股票-工業 | 1.47% | -1.47% | EXIT | |
| 20 | CCJ | Cameco CORP | 股票-能源 | 1.30% | -1.30% | EXIT | |
| 21 | URI | United Rentals Inc | 股票-工業 | 1.19% | -1.19% | EXIT | |
| 22 | XBI | Ss Spdr S&p Biotech ETF | ETF-科技型 | 1.08% | -1.08% | EXIT | |
| 23 | HTHT | H World Group Ltd-adr | 股票-其他 | 0.95% | -0.93% | — | |
| 24 | RDDT | Reddit Inc-cl A | 股票-通訊服務 | 0.93% | -0.93% | EXIT | |
| 25 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.92% | -0.92% | EXIT | |
| 26 | PONY | Pony Ai Inc | 股票-其他 | 0.87% | -0.87% | EXIT | |
| 27 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.86% | -0.86% | EXIT | |
| 28 | PWR | Quanta Services Inc | 股票-工業 | 0.85% | -0.85% | EXIT | |
| 29 | CTSH | Cognizant Tech Solutions-a | 股票-科技 | 0.83% | -0.83% | EXIT | |
| 30 | SNOW | Snowflake Inc | 股票-科技 | 0.82% | +0.22% | +84.98% | |
| 31 | WRD | Weride Inc-adr | 股票-其他 | 0.76% | -0.76% | EXIT | |
| 32 | TPR | Tapestry Inc | 股票-循環性消費 | 0.72% | -0.40% | +17.45% | |
| 33 | NU | Nu Holdings Ltd. | 股票-金融 | 0.69% | -0.69% | EXIT | |
| 34 | MIR | Mirion Technologies Inc | 股票-工業 | 0.65% | -0.65% | EXIT | |
| 35 | SNDK | Sandisk CORP | 股票-科技 | 0.59% | -0.59% | EXIT | |
| 36 | MMYT | MakeMyTrip Limited | 股票-其他 | 0.57% | -0.57% | EXIT | |
| 37 | PANW | Palo Alto Networks Inc | 股票-科技 | 0.56% | -0.45% | +48.40% | |
| 38 | ICLR | ICON Public Limited Company | 股票-醫療保健 | 0.55% | -0.55% | EXIT | |
| 39 | APH | Amphenol Corp-cl A | 股票-科技 | 0.52% | -0.52% | EXIT | |
| 40 | ROST | Ross Stores Inc | 股票-循環性消費 | 0.51% | +1.27% | — | |
| 41 | SPGI | S&p Global Inc | 股票-金融 | 0.48% | -0.48% | EXIT | |
| 42 | H | Hyatt Hotels CORP - Cl A | 股票-循環性消費 | 0.46% | -0.12% | — | |
| 43 | WMB | Williams Cos Inc | 股票-能源 | 0.43% | -0.15% | +4.87% | |
| 44 | ARWR | Arrowhead Pharmaceuticals In | 股票-醫療保健 | 0.35% | +0.06% | — | |
| 45 | ATI | Ati Inc | 股票-工業 | 0.34% | +0.62% | -87.21% | |
| 46 | ALNY | Alnylam Pharmaceuticals Inc | 股票-醫療保健 | 0.32% | -0.32% | EXIT | |
| 47 | BWXT | Bwx Technologies Inc | 股票-工業 | 0.27% | +0.40% | — | |
| 48 | CRS | Carpenter Technology | 股票-工業 | 0.25% | +0.78% | -73.95% | |
| 49 | PTGX | Protagonist Therapeutics Inc | 股票-其他 | 0.21% | -0.21% | EXIT | |
| 50 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 0.18% | -0.05% | +121.26% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | GOOG | Alphabet Inc-cl C | +3.1% | +29.71% | 加碼 |
| 2 | IQV | Iqvia Holdings Inc | +1.8% | +68.18% | 加碼 |
| 3 | NVDA | Nvidia CORP | +1.5% | +53.94% | 加碼 |
| 4 | FLS | Flowserve CORP | +1.5% | +6114.87% | 加碼 |
| 5 | ULTA | Ulta Beauty Inc | +1.2% | +196.89% | 加碼 |
| 6 | URI | United Rentals Inc | +1.2% | +6354.15% | 加碼 |
| 7 | COHR | Coherent CORP | +1.1% | +12.58% | 加碼 |
| 8 | LITE | Lumentum Holdings Inc | +0.7% | -29.51% | 減碼 |
| 9 | LLY | Eli Lilly & Co | +0.5% | +83.85% | 加碼 |
| 10 | STX | Seagate Technology Holdings plc | +0.4% | +39.21% | 加碼 |
| 11 | MSFT | Microsoft CORP | +0.4% | +50.94% | 加碼 |
| 12 | PONY | Pony Ai Inc | +0.3% | +202.00% | 加碼 |
| 13 | SNOW | Snowflake Inc | +0.2% | +84.98% | 加碼 |
| 14 | NU | Nu Holdings Ltd. | +0.2% | +64.00% | 加碼 |
| 15 | RBLX | Roblox CORP -class A | +0.1% | +341.04% | 加碼 |
| 16 | TSM | Taiwan Semiconductor-sp Adr | +0.1% | +121.26% | 加碼 |
| 17 | GM | General Motors Co | 0% | +76.51% | 加碼 |
| 18 | PANW | Palo Alto Networks Inc | 0% | +48.40% | 加碼 |
| 19 | TPR | Tapestry Inc | 0% | +17.45% | 加碼 |
| 20 | IREN | IREN Limited | 0% | +225.61% | 加碼 |
| 21 | GAP | Gap Inc/the | 0% | +22.89% | 加碼 |
| 22 | MDB | Mongodb Inc | -0.1% | -56.44% | 減碼 |
| 23 | WMB | Williams Cos Inc | -0.1% | +4.87% | 加碼 |
| 24 | ICLR | ICON Public Limited Company | -0.1% | — | 不變 |
| 25 | CCJ | Cameco CORP | -0.2% | +5.51% | 加碼 |
| 26 | WRD | Weride Inc-adr | -0.2% | +16.32% | 加碼 |
| 27 | AVAV | Aerovironment Inc | -0.3% | -85.27% | 減碼 |
| 28 | EBAY | Ebay Inc | -0.3% | -77.79% | 減碼 |
| 29 | BROS | Dutch Bros Inc-class A | -0.4% | -95.31% | 減碼 |
| 30 | RIOT | Riot Platforms Inc | -0.7% | -82.23% | 減碼 |
| 31 | CRS | Carpenter Technology | -0.7% | -73.95% | 減碼 |
| 32 | ORCL | Oracle CORP | -0.9% | -77.00% | 減碼 |
| 33 | WDC | Western Digital CORP | -0.9% | -31.28% | 減碼 |
| 34 | TEAM | Atlassian Corp-cl A | -1% | -88.58% | 減碼 |
| 35 | MIR | Mirion Technologies Inc | -1.7% | -64.85% | 減碼 |
| 36 | ATI | Ati Inc | -2.1% | -87.21% | 減碼 |
| 37 | TSLA | Tesla Inc | -2.6% | -45.39% | 減碼 |
| 38 | SE | Sea Ltd-adr | -4.5% | +12.92% | 加碼 |
| 39 | AMZN | Amazon.com Inc | — | NEW | 新建倉 |
| 40 | GDX | Vaneck Gold Miners ETF | — | NEW | 新建倉 |
| 41 | TME | Tencent Music Entertainm-adr | — | EXIT | 清倉 |
| 42 | BABA | Alibaba Group Holding-sp Adr | — | EXIT | 清倉 |
| 43 | AVGO | Broadcom Inc | — | EXIT | 清倉 |
| 44 | AGX | Argan Inc | — | NEW | 新建倉 |
| 45 | META | Meta Platforms Inc-class A | — | EXIT | 清倉 |
| 46 | GILD | Gilead Sciences Inc | — | NEW | 新建倉 |
| 47 | BIDU | Baidu Inc - Spon Adr | — | NEW | 新建倉 |
| 48 | YMM | Full Truck Alliance -spn Adr | — | EXIT | 清倉 |
| 49 | VRT | Vertiv Holdings Co-a | — | EXIT | 清倉 |
| 50 | MU | Micron Technology Inc | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Keystone Investors Pte LTD 在 Q4 2025 季度的美股持倉總市值約為 US$18.7億，共申報了 77 個公開持股部位。
在 Q4 2025 季度，Keystone Investors Pte LTD 按市值排列的前三大核心持股分別為：GOOG (13.5%)、NVDA (9.1%)、SE (7.5%)。其中最大持股部位 GOOG 佔據整體投資組合約 13.5% 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
AMZN
市值: US$7459.2萬
本季最大獲利了結 / 清倉標的
TME
前期市值: US$5236.6萬
在 Q4 2025 季度中，Keystone Investors Pte LTD 共進行了 106 項持倉異動，包含新建倉 39 個部位、加碼 24 個部位、減碼 13 個部位以及清倉 30 個部位。 其中最大新建倉標的為 AMZN。 本季清倉部位包含 TME。
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。