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: 0001544204
申報總市值
US$68.0億
US$68.0億
189 檔
18.5%
Liontrust Investment Partners LLP 在 Q3 2025 季度的美股部位總計估值為 US$68.0億，分散於 189 個持倉標的之中，反映其市場參與廣度與投資規模。
從 Q3 2025 申報觀察，Liontrust Investment Partners LLP 採取防禦導向的調倉策略，本季減碼 69 檔個股並出清 53 檔部位，顯示機構在該時期進行風險控制與流動性回收。
從部位權重觀察，前 5 大標的（包含 GOOGL, SPOT, MSFT）累計市值佔比達 18.5%，是驅動 Liontrust Investment Partners LLP 該季度整體投資組合績效表現的核心支柱。
| # | 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 | 4.05% | +0.65% | -2.88% | |
| 2 | SPOT | Spotify Technology S.A. | 股票-通訊服務 | 3.99% | +1.75% | NEW | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 3.75% | -0.21% | -3.97% | |
| 4 | CDNS | Cadence Design Sys Inc | 股票-科技 | 3.44% | +0.45% | -4.43% | |
| 5 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 3.18% | +0.48% | -3.69% | |
| 6 | V | Visa Inc-class A Shares | 股票-金融 | 2.92% | -0.03% | -12.10% | |
| 7 | DB | Deutsche Bank Aktiengesellschaft | 股票-金融 | 2.71% | +3.02% | NEW | |
| 8 | VLTO | Veralto CORP | 股票-工業 | 2.23% | -0.14% | +15.77% | |
| 9 | NDAQ | Nasdaq Inc | 股票-金融 | 2.01% | -0.51% | -4.67% | |
| 10 | SCHW | Schwab (charles) CORP | 股票-金融 | 2.00% | -0.16% | -5.14% | |
| 11 | ISRG | Intuitive Surgical Inc | 股票-醫療保健 | 1.91% | -0.42% | +24.36% | |
| 12 | PTC | Ptc Inc | 股票-科技 | 1.90% | -0.76% | -5.24% | |
| 13 | NVDA | Nvidia CORP | 股票-科技 | 1.82% | +0.11% | -10.81% | |
| 14 | ADSK | Autodesk Inc | 股票-科技 | 1.81% | -0.32% | -4.98% | |
| 15 | ECL | Ecolab Inc | 股票-原物料 | 1.81% | -0.30% | -4.48% | |
| 16 | INTU | Intuit Inc | 股票-科技 | 1.79% | -1.10% | -17.60% | |
| 17 | FERG | Ferguson Enterprises Inc | 股票-工業 | 1.72% | +1.15% | -5.14% | |
| 18 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 1.68% | — | +3.79% | |
| 19 | NVR | Nvr Inc | 股票-循環性消費 | 1.67% | -0.06% | -19.29% | |
| 20 | BLD | Topbuild CORP | 股票-工業 | 1.65% | -0.07% | -23.37% | |
| 21 | AMT | American Tower CORP | 股票-房地產 | 1.64% | -0.31% | -5.00% | |
| 22 | BDX | Becton Dickinson And Co | 股票-醫療保健 | 1.63% | -0.23% | -5.01% | |
| 23 | VRSN | Verisign Inc | 股票-科技 | 1.60% | -0.09% | -5.04% | |
| 24 | PCTY | Paylocity Holding CORP | 股票-科技 | 1.55% | -0.01% | EXIT | |
| 25 | IDXX | Idexx Laboratories Inc | 股票-醫療保健 | 1.55% | -0.04% | -5.63% | |
| 26 | EW | Edwards Lifesciences CORP | 股票-醫療保健 | 1.55% | +0.06% | -5.05% | |
| 27 | CNM | Core & Main Inc-class A | 股票-工業 | 1.49% | -0.13% | -5.12% | |
| 28 | MASI* | Masimo CORP | 股票-其他 | 1.47% | -0.06% | EXIT | |
| 29 | A | Agilent Technologies Inc | 股票-醫療保健 | 1.44% | — | -5.23% | |
| 30 | IR | Ingersoll-rand Inc | 股票-工業 | 1.35% | -0.28% | +14.07% | |
| 31 | UBS | UBS Group AG | 股票-金融 | 1.35% | +1.79% | NEW | |
| 32 | WMS | Advanced Drainage Systems In | 股票-工業 | 1.27% | +0.06% | -5.12% | |
| 33 | MORN | Morningstar Inc | 股票-金融 | 1.26% | — | -5.27% | |
| 34 | ALC | Alcon Inc. | 股票-醫療保健 | 1.26% | +1.36% | NEW | |
| 35 | AVGO | Broadcom Inc | 股票-科技 | 1.19% | +0.30% | -11.19% | |
| 36 | PANW | Palo Alto Networks Inc | 股票-科技 | 1.13% | +0.40% | -5.10% | |
| 37 | TREX | Trex Company Inc | 股票-工業 | 1.01% | — | -5.21% | |
| 38 | BFAM | Bright Horizons Family Solut | 股票-循環性消費 | 0.88% | — | -5.01% | |
| 39 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 0.78% | +0.93% | +40.40% | |
| 40 | NBIS | Nebius Group N.V. | 股票-其他 | 0.74% | +1.01% | NEW | |
| 41 | APH | Amphenol Corp-cl A | 股票-科技 | 0.73% | +0.03% | +83.09% | |
| 42 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.72% | +0.18% | +0.85% | |
| 43 | SHOP | Shopify Inc - Class A | 股票-科技 | 0.68% | +1.01% | +21.27% | |
| 44 | ORCL | Oracle CORP | 股票-科技 | 0.66% | -0.20% | -25.05% | |
| 45 | COIN | Coinbase Global Inc -class A | 股票-金融 | 0.64% | -0.05% | +56.68% | |
| 46 | NOW | Servicenow Inc | 股票-科技 | 0.63% | -0.12% | -56.95% | |
| 47 | CAVA | Cava Group Inc | 股票-循環性消費 | 0.63% | -0.13% | — | |
| 48 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.60% | +0.20% | -2.19% | |
| 49 | EBAY | Ebay Inc | 股票-循環性消費 | 0.59% | +0.04% | -0.21% | |
| 50 | NFLX | Netflix Inc | 股票-通訊服務 | 0.54% | -0.21% | +13.97% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | FERG | Ferguson Enterprises Inc | +1.7% | -5.14% | 加碼 |
| 2 | BKNG | Booking Holdings Inc | +1.4% | +3.79% | 加碼 |
| 3 | GOOGL | Alphabet Inc-cl A | +1.1% | -2.88% | 減碼 |
| 4 | MSFT | Microsoft CORP | +0.6% | -3.97% | 減碼 |
| 5 | SHOP | Shopify Inc - Class A | +0.6% | +21.27% | 加碼 |
| 6 | COIN | Coinbase Global Inc -class A | +0.5% | +56.68% | 加碼 |
| 7 | NVDA | Nvidia CORP | +0.5% | -10.81% | 減碼 |
| 8 | AVGO | Broadcom Inc | +0.5% | -11.19% | 減碼 |
| 9 | IDXX | Idexx Laboratories Inc | +0.3% | -5.63% | 減碼 |
| 10 | AEM | Agnico Eagle Mines LTD | +0.3% | +0.28% | 加碼 |
| 11 | TSM | Taiwan Semiconductor-sp Adr | +0.3% | +40.40% | 減碼 |
| 12 | NET | Cloudflare Inc - Class A | +0.3% | -0.75% | 加碼 |
| 13 | ORCL | Oracle CORP | +0.2% | -25.05% | 減碼 |
| 14 | SNOW | Snowflake Inc | +0.2% | -8.71% | 加碼 |
| 15 | VLTO | Veralto CORP | +0.2% | +15.77% | 加碼 |
| 16 | NEM | Newmont CORP | +0.2% | +13.46% | 加碼 |
| 17 | DOCS | Doximity Inc-class A | +0.2% | -16.10% | 加碼 |
| 18 | CDNS | Cadence Design Sys Inc | +0.2% | -4.43% | 減碼 |
| 19 | BLD | Topbuild CORP | +0.2% | -23.37% | 減碼 |
| 20 | NFLX | Netflix Inc | +0.2% | +13.97% | 加碼 |
| 21 | AESI | Atlas Energy Solutions Inc | +0.2% | +22.05% | 加碼 |
| 22 | LLY | Eli Lilly & Co | +0.2% | -2.19% | 加碼 |
| 23 | GEV | GE Vernova Inc | +0.2% | +153.65% | 加碼 |
| 24 | APH | Amphenol Corp-cl A | +0.2% | +83.09% | 減碼 |
| 25 | UBER | Uber Technologies Inc | +0.1% | +1.11% | 加碼 |
| 26 | TMUS | T-mobile US Inc | +0.1% | -41.83% | 加碼 |
| 27 | CEG | Constellation Energy | +0.1% | +16.68% | 減碼 |
| 28 | BABA | Alibaba Group Holding-sp Adr | +0.1% | +51.94% | 減碼 |
| 29 | WMS | Advanced Drainage Systems In | +0.1% | -5.12% | 減碼 |
| 30 | META | Meta Platforms Inc-class A | +0.1% | +0.85% | 減碼 |
| 31 | TSLA | Tesla Inc | +0.1% | +21.81% | 減碼 |
| 32 | APP | Applovin Corp-class A | +0.1% | -24.69% | 加碼 |
| 33 | VRTX | Vertex Pharmaceuticals Inc | +0.1% | +12.41% | 加碼 |
| 34 | DHR | Danaher CORP | +0.1% | -1.64% | 加碼 |
| 35 | ALAB | Astera Labs Inc | +0.1% | -44.17% | 減碼 |
| 36 | VZ | Verizon Communications Inc | +0.1% | — | 加碼 |
| 37 | P | Everpure Inc-a | +0.1% | +2.49% | 減碼 |
| 38 | SCHW | Schwab (charles) CORP | 0% | -5.14% | 減碼 |
| 39 | ADSK | Autodesk Inc | 0% | -4.98% | 減碼 |
| 40 | CRWD | Crowdstrike Holdings Inc - A | 0% | +24.17% | 減碼 |
| 41 | OMCL | Omnicell Inc | 0% | -6.36% | 加碼 |
| 42 | PL | Planet Labs Pbc | 0% | -19.12% | 減碼 |
| 43 | SOUN | Soundhound Ai Inc-a | 0% | +41.40% | 加碼 |
| 44 | GOOG | Alphabet Inc-cl C | 0% | -9.88% | 減碼 |
| 45 | APO | Apollo Global Management Inc | 0% | +64.71% | 加碼 |
| 46 | HUBS | Hubspot Inc | 0% | +53.74% | 加碼 |
| 47 | TCOM | Trip.com Group Ltd-adr | 0% | +0.93% | 加碼 |
| 48 | MNST | Monster Beverage CORP | 0% | — | 加碼 |
| 49 | EXC | Exelon CORP | 0% | +79.13% | 加碼 |
| 50 | LMND | Lemonade Inc | 0% | +23.73% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Liontrust Investment Partners LLP 在 Q3 2025 季度的美股持倉總市值約為 US$68.0億，共申報了 189 個公開持股部位。
在 Q3 2025 季度，Liontrust Investment Partners LLP 按市值排列的前三大核心持股分別為：GOOGL (4.0%)、SPOT (4.0%)、MSFT (3.8%)。其中最大持股部位 GOOGL 佔據整體投資組合約 4.0% 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
SPOT
市值: US$2.7億
本季最大獲利了結 / 清倉標的
SPOTIFY TECHNOLOGY SA
前期市值: US$2.3億
在 Q3 2025 季度中，Liontrust Investment Partners LLP 共進行了 200 項持倉異動，包含新建倉 43 個部位、加碼 35 個部位、減碼 69 個部位以及清倉 53 個部位。 其中最大新建倉標的為 SPOT。 本季清倉部位包含 SPOTIFY TECHNOLOGY SA。
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。