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: 0000860176
申報總市值
US$14.9億
US$14.9億
41 檔
54.3%
截至 Q4 2025 季度末，Mark Asset Management LP 的美股持倉估值約為 US$14.9億，全數申報部位共有 41 檔。
Mark Asset Management LP 在 Q4 2025 進行了結構性的板塊輪動與部位換股。在開立 7 個全新部位及加碼 20 檔持股的同時，亦同步清倉 14 檔並減碼 14 檔標的。
檢視投資組合結構，前 5 大主力部位（包含 SPY, NVDA, META）占據了總市值的 54.3%，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 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 28.24% | -6.06% | — | |
| 2 | NVDA | Nvidia CORP | 股票-科技 | 9.01% | -1.15% | +18.14% | |
| 3 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 5.68% | -1.31% | +45.54% | |
| 4 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 5.58% | -0.58% | -4.95% | |
| 5 | AMZN | Amazon.com Inc | 股票-循環性消費 | 4.96% | -1.06% | +5.95% | |
| 6 | TLT | Ishares 20+ Year Treasury Bd | ETF-政府公債 | 4.56% | — | — | |
| 7 | FLUT | Flutter Entertainment plc | 股票-循環性消費 | 3.61% | — | +83.44% | |
| 8 | MSFT | Microsoft CORP | 股票-科技 | 3.49% | — | +10.61% | |
| 9 | BA | Boeing Co/the | 股票-工業 | 3.03% | -0.95% | +50.88% | |
| 10 | RTX | Rtx CORP | 股票-工業 | 2.71% | -0.88% | -2.86% | |
| 11 | DIS | Walt Disney Co/the | 股票-通訊服務 | 2.56% | +0.05% | +11.17% | |
| 12 | GEV | GE Vernova Inc | 股票-工業 | 2.56% | -4.45% | EXIT | |
| 13 | TSLA | Tesla Inc | 股票-循環性消費 | 2.55% | +1.96% | +278.99% | |
| 14 | WYNN | Wynn Resorts LTD | 股票-循環性消費 | 2.13% | +0.17% | +5.33% | |
| 15 | ARM | Arm Holdings Plc-adr | 股票-科技 | 2.06% | +1.46% | -4.80% | |
| 16 | COF | Capital One Financial CORP | 股票-金融 | 1.92% | +0.52% | +17.79% | |
| 17 | ORCL | Oracle CORP | 股票-科技 | 1.81% | -0.80% | +12.66% | |
| 18 | AAPL | Apple Inc | 股票-科技 | 1.79% | -0.56% | -30.69% | |
| 19 | RIOT | Riot Platforms Inc | 股票-金融 | 1.20% | -1.96% | EXIT | |
| 20 | ASML | ASML Holding N.V. | 股票-科技 | 1.12% | +0.15% | -6.27% | |
| 21 | SPOT | Spotify Technology S.A. | 股票-通訊服務 | 0.98% | — | +11.85% | |
| 22 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 0.85% | +1.97% | — | |
| 23 | GE | General Electric | 股票-工業 | 0.82% | -0.27% | -47.23% | |
| 24 | WFC | Wells Fargo & Co | 股票-金融 | 0.73% | — | -31.30% | |
| 25 | NFLX | Netflix Inc | 股票-通訊服務 | 0.68% | -1.02% | EXIT | |
| 26 | CRM | Salesforce Inc | 股票-科技 | 0.67% | +0.53% | NEW | |
| 27 | UNP | Union Pacific CORP | 股票-工業 | 0.65% | — | +852.62% | |
| 28 | CHYM | Chime Financial Inc-cl A | 股票-其他 | 0.52% | -0.19% | EXIT | |
| 29 | SCHW | Schwab (charles) CORP | 股票-金融 | 0.50% | -0.05% | +8.28% | |
| 30 | PSKY | Paramount Skydance Cl B | 股票-通訊服務 | 0.45% | -0.15% | -67.73% | |
| 31 | NKE | Nike Inc -cl B | 股票-循環性消費 | 0.45% | — | — | |
| 32 | HUT | Hut 8 CORP | 股票-金融 | 0.37% | +2.63% | -33.35% | |
| 33 | ISRG | Intuitive Surgical Inc | 股票-醫療保健 | 0.36% | — | — | |
| 34 | WBD | Warner Bros Discovery Inc | 股票-通訊服務 | 0.31% | — | — | |
| 35 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.27% | -0.03% | -0.14% | |
| 36 | SCHL | Scholastic CORP | 股票-其他 | 0.22% | — | +33.41% | |
| 37 | AVGO | Broadcom Inc | 股票-科技 | 0.20% | — | -87.85% | |
| 38 | DKNG | Draftkings Inc-cl A | 股票-循環性消費 | 0.12% | -0.60% | EXIT | |
| 39 | SPG | Simon Property Group Inc | 股票-房地產 | 0.10% | -0.11% | EXIT | |
| 40 | MLM | Martin Marietta Materials | 股票-原物料 | 0.08% | -0.07% | +0.72% | |
| 41 | PINS | Pinterest Inc- Class A | 股票-通訊服務 | 0.08% | — | -93.42% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | TSLA | Tesla Inc | +1.8% | +278.99% | 加碼 |
| 2 | FLUT | Flutter Entertainment plc | +1.1% | +83.44% | 加碼 |
| 3 | META | Meta Platforms Inc-class A | +1% | +45.54% | 加碼 |
| 4 | BA | Boeing Co/the | +0.9% | +50.88% | 加碼 |
| 5 | NVDA | Nvidia CORP | +0.7% | +18.14% | 加碼 |
| 6 | GOOGL | Alphabet Inc-cl A | +0.6% | -4.95% | 減碼 |
| 7 | UNP | Union Pacific CORP | +0.6% | +852.62% | 加碼 |
| 8 | COF | Capital One Financial CORP | +0.4% | +17.79% | 加碼 |
| 9 | AMZN | Amazon.com Inc | +0.1% | +5.95% | 加碼 |
| 10 | RIOT | Riot Platforms Inc | +0.1% | +75.40% | 加碼 |
| 11 | SCHL | Scholastic CORP | +0.1% | +33.41% | 加碼 |
| 12 | DIS | Walt Disney Co/the | 0% | +11.17% | 加碼 |
| 13 | GOOG | Alphabet Inc-cl C | 0% | -0.14% | 減碼 |
| 14 | DKNG | Draftkings Inc-cl A | 0% | +62.70% | 加碼 |
| 15 | SCHW | Schwab (charles) CORP | 0% | +8.28% | 加碼 |
| 16 | CHYM | Chime Financial Inc-cl A | 0% | -15.14% | 減碼 |
| 17 | SPG | Simon Property Group Inc | 0% | +0.65% | 加碼 |
| 18 | MLM | Martin Marietta Materials | 0% | +0.72% | 加碼 |
| 19 | RTX | Rtx CORP | -0.1% | -2.86% | 減碼 |
| 20 | ASML | ASML Holding N.V. | -0.1% | -6.27% | 減碼 |
| 21 | HUT | Hut 8 CORP | -0.1% | -33.35% | 減碼 |
| 22 | SPOT | Spotify Technology S.A. | -0.2% | +11.85% | 加碼 |
| 23 | MSFT | Microsoft CORP | -0.2% | +10.61% | 加碼 |
| 24 | WYNN | Wynn Resorts LTD | -0.2% | +5.33% | 加碼 |
| 25 | WFC | Wells Fargo & Co | -0.3% | -31.30% | 減碼 |
| 26 | ORCL | Oracle CORP | -0.7% | +12.66% | 加碼 |
| 27 | GE | General Electric | -0.8% | -47.23% | 減碼 |
| 28 | AAPL | Apple Inc | -0.8% | -30.69% | 減碼 |
| 29 | ARM | Arm Holdings Plc-adr | -1% | -4.80% | 減碼 |
| 30 | PINS | Pinterest Inc- Class A | -1.5% | -93.42% | 減碼 |
| 31 | AVGO | Broadcom Inc | -1.5% | -87.85% | 減碼 |
| 32 | PSKY | Paramount Skydance Cl B | -1.7% | -67.73% | 減碼 |
| 33 | GEV | GE Vernova Inc | -2% | -42.03% | 減碼 |
| 34 | NFLX | Netflix Inc | -2.1% | +246.14% | 加碼 |
| 35 | SPY | Ss Spdr S&p 500 ETF Trust-us | — | NEW | 新建倉 |
| 36 | QQQ | Invesco Qqq Trust Series 1 | — | EXIT | 清倉 |
| 37 | TLT | Ishares 20+ Year Treasury Bd | — | NEW | 新建倉 |
| 38 | DUOL | Duolingo | — | EXIT | 清倉 |
| 39 | SBUX | Starbucks CORP | — | EXIT | 清倉 |
| 40 | ZS | Zscaler Inc | — | EXIT | 清倉 |
| 41 | TSM | Taiwan Semiconductor-sp Adr | — | NEW | 新建倉 |
| 42 | NWSA | News CORP - Class A | — | EXIT | 清倉 |
| 43 | BX | Blackstone Inc | — | EXIT | 清倉 |
| 44 | CRM | Salesforce Inc | — | NEW | 新建倉 |
| 45 | LVS | Las Vegas Sands CORP | — | EXIT | 清倉 |
| 46 | NKE | Nike Inc -cl B | — | NEW | 新建倉 |
| 47 | ISRG | Intuitive Surgical Inc | — | NEW | 新建倉 |
| 48 | TTWO | Take-two Interactive Softwre | — | EXIT | 清倉 |
| 49 | WBD | Warner Bros Discovery Inc | — | NEW | 新建倉 |
| 50 | ZG | Zillow Group Inc - A | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Mark Asset Management LP 在 Q4 2025 季度的美股持倉總市值約為 US$14.9億，共申報了 41 個公開持股部位。
在 Q4 2025 季度，Mark Asset Management LP 按市值排列的前三大核心持股分別為：SPY (28.2%)、NVDA (9.0%)、META (5.7%)。其中最大持股部位 SPY 佔據整體投資組合約 28.2% 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
SPY
市值: US$4.3億
本季最大獲利了結 / 清倉標的
QQQ
前期市值: US$3.1億
在 Q4 2025 季度中，Mark Asset Management LP 共進行了 55 項持倉異動，包含新建倉 7 個部位、加碼 20 個部位、減碼 14 個部位以及清倉 14 個部位。 其中最大新建倉標的為 SPY。 本季清倉部位包含 QQQ。
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。