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: 0001860063
申報總市值
US$1.7億
US$1.7億
57 檔
42.7%
Q4 2025 季度申報顯示，Lauer Wealth, LLC 揭露的美股組合總市值為 US$1.7億，涵蓋 57 個不同之權益投資部位。
Q4 2025 的申報記錄反映 Lauer Wealth, LLC 的板塊替換策略：機構本季推動了 25 筆增持與 23 筆減持，籌碼呈現明顯的結構重組。
檢視投資組合結構，前 5 大主力部位（包含 QQQ, DGRW, USFR）占據了總市值的 42.7%，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 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 13.41% | +0.64% | -0.88% | |
| 2 | DGRW | Wisdomtree U.s. Quality Divi | ETF-其他 | 10.59% | -2.55% | -2.10% | |
| 3 | USFR | Wisdomtree Floating Rate Tre | ETF-其他 | 10.45% | -1.93% | -10.93% | |
| 4 | ILCV | Ishares Morningstar Value Et | ETF-其他 | 10.11% | -1.82% | +1.86% | |
| 5 | DFAU | Dimensional US Core Equity M | ETF-其他 | 8.30% | -1.07% | -4.26% | |
| 6 | TSLA | Tesla Inc | 股票-循環性消費 | 7.32% | -0.74% | -4.40% | |
| 7 | VGSH | Vanguard Short-term Treasury | ETF-政府公債 | 4.71% | -3.81% | -1.97% | |
| 8 | VGIT | Vanguard Intermediate-term T | ETF-其他 | 4.51% | -3.60% | -2.50% | |
| 9 | EOSE | Eos Energy Enterprises Inc | 股票-其他 | 4.16% | -0.48% | -3.68% | |
| 10 | IBIT | Ishares Bitcoin Trust ETF | ETF-加密貨幣 | 2.22% | -0.27% | +691.12% | |
| 11 | DFAS | Dimensional US Small Cap ETF | ETF-中小型股 | 2.19% | -0.39% | +1.95% | |
| 12 | EZM | Wisdomtree US Midcap Fund | ETF-其他 | 1.87% | -0.43% | -0.52% | |
| 13 | DFAE | Dimensional Emerging Core Eq | ETF-新興市場 | 1.67% | -0.34% | -3.22% | |
| 14 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.54% | -0.20% | +4.86% | |
| 15 | TLT | Ishares 20+ Year Treasury Bd | ETF-政府公債 | 1.33% | -0.47% | +23.14% | |
| 16 | AMD | Advanced Micro Devices | 股票-科技 | 1.09% | -0.56% | -42.95% | |
| 17 | BMNR | Bitmine Immersion Technologi | 股票-金融 | 1.04% | +3.07% | +108.24% | |
| 18 | NVDA | Nvidia CORP | 股票-科技 | 0.96% | +0.48% | +61.41% | |
| 19 | SHLD | Global X Defense Tech ETF | ETF-科技型 | 0.85% | -0.61% | +35.19% | |
| 20 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.82% | +1.01% | +1.38% | |
| 21 | TQQQ | Proshares Ultrapro Qqq | ETF-其他 | 0.65% | +0.05% | +139.71% | |
| 22 | VTI | Vanguard Total Stock Mkt ETF | ETF-其他 | 0.63% | -0.10% | — | |
| 23 | FTRI | First Trust Indxx Global Nat | ETF-其他 | 0.53% | -0.06% | +20.31% | |
| 24 | ETHA | Ishares Ethereum Trust ETF | ETF-其他 | 0.53% | -0.06% | +101.38% | |
| 25 | ARKG | Ark Genomic Revolution ETF | ETF-其他 | 0.52% | -0.07% | +0.11% | |
| 26 | TEM | Tempus Ai Inc-cl A | 股票-醫療保健 | 0.50% | +0.46% | -11.61% | |
| 27 | PATH | Uipath Inc - Class A | 股票-科技 | 0.48% | -0.20% | EXIT | |
| 28 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.47% | — | +2.65% | |
| 29 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 0.47% | -0.10% | -1.83% | |
| 30 | AAPL | Apple Inc | 股票-科技 | 0.39% | — | — | |
| 31 | MSTR | Strategy Inc | 股票-科技 | 0.36% | +1.87% | -18.85% | |
| 32 | NVDL | Granitesh 2x Lng Nvda ETF | ETF-其他 | 0.32% | — | +24.66% | |
| 33 | DFDV | Defi Development CORP | 股票-其他 | 0.31% | -0.13% | +0.83% | |
| 34 | ETHU | 2x Ether ETF | ETF-其他 | 0.31% | — | +156.25% | |
| 35 | XLK | Ss Technology Select Sector | ETF-科技型 | 0.30% | +0.09% | +135.19% | |
| 36 | MSFT | Microsoft CORP | 股票-科技 | 0.28% | +0.66% | -43.77% | |
| 37 | VGT | Vanguard Info Tech ETF | ETF-科技型 | 0.26% | +0.04% | +1.30% | |
| 38 | URA | Global X Uranium ETF | ETF-其他 | 0.24% | -0.04% | +35.07% | |
| 39 | ARKB | Ark 21shares Bitcoin ETF | ETF-加密貨幣 | 0.24% | -0.20% | EXIT | |
| 40 | UPS | United Parcel Service-cl B | 股票-工業 | 0.23% | -0.16% | EXIT | |
| 41 | CLSK | Cleanspark Inc | 股票-金融 | 0.23% | -0.20% | EXIT | |
| 42 | QBTS | D-wave Quantum Inc | 股票-科技 | 0.23% | — | — | |
| 43 | MSTR 0.625 03-15-30債券 | Strategy Inc | 債券 | 0.22% | -0.08% | EXIT | |
| 44 | ALB | Albemarle CORP | 股票-原物料 | 0.22% | -0.23% | EXIT | |
| 45 | IONQ | Ionq Inc | 股票-科技 | 0.19% | +0.12% | NEW | |
| 46 | ARKQ | Ark Autonomous Tech & Robot | ETF-科技型 | 0.19% | +0.01% | +0.30% | |
| 47 | ARKK | Ark Innovation ETF | ETF-其他 | 0.18% | -0.03% | — | |
| 48 | ZVOL | Volatility Prm Pl Etf-invusd | ETF-其他 | 0.18% | -0.02% | EXIT | |
| 49 | SLV | Ishares Silver Trust | ETF-避險與商品 | 0.18% | -0.19% | EXIT | |
| 50 | VZ | Verizon Communications Inc | 股票-通訊服務 | 0.17% | -0.06% | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | ILCV | Ishares Morningstar Value Et | +1.2% | +1.86% | 加碼 |
| 2 | IBIT | Ishares Bitcoin Trust ETF | +0.9% | +691.12% | 加碼 |
| 3 | QQQ | Invesco Qqq Trust Series 1 | +0.8% | -0.88% | 減碼 |
| 4 | AMZN | Amazon.com Inc | +0.5% | +4.86% | 加碼 |
| 5 | NVDA | Nvidia CORP | +0.4% | +61.41% | 加碼 |
| 6 | SHLD | Global X Defense Tech ETF | +0.3% | +35.19% | 加碼 |
| 7 | TLT | Ishares 20+ Year Treasury Bd | +0.3% | +23.14% | 加碼 |
| 8 | DFAS | Dimensional US Small Cap ETF | +0.2% | +1.95% | 加碼 |
| 9 | ETHA | Ishares Ethereum Trust ETF | +0.2% | +101.38% | 加碼 |
| 10 | EZM | Wisdomtree US Midcap Fund | +0.2% | -0.52% | 減碼 |
| 11 | TQQQ | Proshares Ultrapro Qqq | +0.2% | +139.71% | 加碼 |
| 12 | FTRI | First Trust Indxx Global Nat | +0.1% | +20.31% | 加碼 |
| 13 | DFAE | Dimensional Emerging Core Eq | +0.1% | -3.22% | 減碼 |
| 14 | ETHU | 2x Ether ETF | +0.1% | +156.25% | 加碼 |
| 15 | VGSH | Vanguard Short-term Treasury | +0.1% | -1.97% | 減碼 |
| 16 | NVDL | Granitesh 2x Lng Nvda ETF | +0.1% | +24.66% | 加碼 |
| 17 | XLK | Ss Technology Select Sector | +0.1% | +135.19% | 加碼 |
| 18 | VGIT | Vanguard Intermediate-term T | 0% | -2.50% | 減碼 |
| 19 | TSLA | Tesla Inc | 0% | -4.40% | 減碼 |
| 20 | IONQ | Ionq Inc | -0.1% | +5.26% | 加碼 |
| 21 | QBTS | D-wave Quantum Inc | -0.1% | — | 不變 |
| 22 | SMR | Nuscale Power CORP | -0.2% | +25.67% | 加碼 |
| 23 | CLSK | Cleanspark Inc | -0.2% | — | 不變 |
| 24 | TEM | Tempus Ai Inc-cl A | -0.2% | -11.61% | 減碼 |
| 25 | MSFT | Microsoft CORP | -0.2% | -43.77% | 減碼 |
| 26 | DFDV | Defi Development CORP | -0.3% | +0.83% | 加碼 |
| 27 | MSTR | Strategy Inc | -0.4% | -18.85% | 減碼 |
| 28 | BMNR | Bitmine Immersion Technologi | -0.4% | +108.24% | 加碼 |
| 29 | AMD | Advanced Micro Devices | -0.7% | -42.95% | 減碼 |
| 30 | USFR | Wisdomtree Floating Rate Tre | -0.8% | -10.93% | 減碼 |
| 31 | EOSE | Eos Energy Enterprises Inc | -1.4% | -3.68% | 減碼 |
| 32 | ✓ | Volatility Shs Tr | — | EXIT | 清倉 |
| 33 | BITX | 2x Bitcoin Strategy ETF | — | EXIT | 清倉 |
| 34 | ✓ | Tidal Tr Ii | — | EXIT | 清倉 |
| 35 | NTNX | Nutanix Inc - A | — | EXIT | 清倉 |
| 36 | QCOM | Qualcomm Inc | — | EXIT | 清倉 |
| 37 | VOYG | Voyager Technologies Inc-a | — | EXIT | 清倉 |
| 38 | PANW | Palo Alto Networks Inc | — | EXIT | 清倉 |
| 39 | ALB | Albemarle CORP | — | NEW | 新建倉 |
| 40 | ARKK | Ark Innovation ETF | — | NEW | 新建倉 |
| 41 | ZVOL | Volatility Prm Pl Etf-invusd | — | NEW | 新建倉 |
| 42 | HBNC | Horizon Bancorp Inc/in | — | EXIT | 清倉 |
| 43 | SLV | Ishares Silver Trust | — | NEW | 新建倉 |
| 44 | VZ | Verizon Communications Inc | — | NEW | 新建倉 |
| 45 | CIFR | Cipher Digital Inc | — | NEW | 新建倉 |
| 46 | NFLX | Netflix Inc | — | EXIT | 清倉 |
| 47 | CLSKW | Cleanspark Inc-29 | — | EXIT | 清倉 |
| 48 | ✓ | — | NEW | 新建倉 | |
| 49 | NTNX 0.25 10-01-27債券 | Nutanix Inc | — | EXIT | 清倉 |
| 50 | CLSK 0 06-15-30債券 | Cleanspark Inc | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Lauer Wealth, LLC 在 Q4 2025 季度的美股持倉總市值約為 US$1.7億，共申報了 57 個公開持股部位。
在 Q4 2025 季度，Lauer Wealth, LLC 按市值排列的前三大核心持股分別為：QQQ (13.4%)、DGRW (10.6%)、USFR (10.4%)。其中最大持股部位 QQQ 佔據整體投資組合約 13.4% 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
ALB
市值: US$29.1萬
本季最大獲利了結 / 清倉標的
VOLATILITY SHS TR
前期市值: US$72.2萬
在 Q4 2025 季度中，Lauer Wealth, LLC 共進行了 48 項持倉異動，包含新建倉 8 個部位、加碼 17 個部位、減碼 12 個部位以及清倉 11 個部位。 其中最大新建倉標的為 ALB。 本季清倉部位包含 VOLATILITY SHS TR。
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。