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: 0001134007
申報總市值
US$18.9億
US$18.9億
121 檔
13.2%
在 Q4 2025 申報期間，Next Century Growth Investors LLC（CIK: 0001134007）向美國 SEC 提交的 Form 13F 報告顯示，其追蹤之股票投資組合總市值達 US$18.9億，共持有 121 個公開申報部位。
在 Q4 2025 期間，Next Century Growth Investors LLC 展現了靈活的資產再平衡步調，透過出清 20 檔弱勢或達到目標價部位，將資金轉置於 17 檔新建倉標的之中。
在資產配置集中度方面，Next Century Growth Investors LLC 的前 5 大核心持股（包含 ATRO, ATEC, XMTR 等）合計佔整體申報市值的 13.2%，反映機構在主要關鍵部位上的權重分佈。
| # | 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 | ATRO | Astronics CORP | 股票-其他 | 4.02% | -0.60% | -12.08% | |
| 2 | ATEC | Alphatec Holdings Inc | 股票-其他 | 3.53% | -1.87% | EXIT | |
| 3 | XMTR | Xometry Inc-a | 股票-其他 | 3.32% | +1.37% | -0.48% | |
| 4 | AORT | Artivion Inc | 股票-其他 | 3.31% | -2.72% | EXIT | |
| 5 | ALHC | Alignment Healthcare Inc | 股票-其他 | 3.17% | +0.31% | +1.56% | |
| 6 | PAY | Paymentus Holdings Inc-a | 股票-其他 | 2.59% | -1.14% | +1.27% | |
| 7 | IRTC | Irhythm Holdings Inc | 股票-醫療保健 | 2.13% | -0.27% | -8.59% | |
| 8 | UTI | Universal Technical Institut | 股票-其他 | 2.04% | -0.35% | +1.38% | |
| 9 | MIRM | Mirum Pharmaceuticals Inc | 股票-其他 | 2.02% | +0.03% | +1.97% | |
| 10 | MYRG | Myr Group Inc/delaware | 股票-工業 | 2.01% | -0.70% | -19.71% | |
| 11 | AXGN | Axogen Inc | 股票-其他 | 1.82% | +0.06% | — | |
| 12 | STRL | Sterling Infrastructure Inc | 股票-工業 | 1.74% | -0.82% | -9.02% | |
| 13 | ✓ | 股票-其他 | 1.61% | — | +3.15% | ||
| 14 | NVDA | Nvidia CORP | 股票-科技 | 1.61% | -0.23% | -2.80% | |
| 15 | LSCC | Lattice Semiconductor CORP | 股票-科技 | 1.59% | -0.75% | +19.57% | |
| 16 | MAMA | Mama's Creations Inc | 股票-其他 | 1.58% | -0.06% | +54.51% | |
| 17 | WGS | Genedx Holdings CORP | 股票-其他 | 1.57% | — | -25.93% | |
| 18 | FROG | JFrog Ltd. | 股票-科技 | 1.55% | +0.50% | +30.68% | |
| 19 | AAPL | Apple Inc | 股票-科技 | 1.50% | -0.64% | +10.93% | |
| 20 | MTSI | Macom Technology Solutions H | 股票-科技 | 1.49% | -0.81% | -24.15% | |
| 21 | PL | Planet Labs Pbc | 股票-工業 | 1.46% | -0.30% | -40.08% | |
| 22 | MSFT | Microsoft CORP | 股票-科技 | 1.45% | -0.38% | -0.17% | |
| 23 | CCB | Coastal Financial Corp/wa | 股票-其他 | 1.42% | — | +129.99% | |
| 24 | ADMA | Adma Biologics Inc | 股票-醫療保健 | 1.39% | -0.51% | EXIT | |
| 25 | APLD | Applied Digital CORP | 股票-科技 | 1.36% | -0.74% | EXIT | |
| 26 | LINC | Lincoln Educational Services | 股票-其他 | 1.33% | +0.04% | +4.13% | |
| 27 | BROS | Dutch Bros Inc-class A | 股票-循環性消費 | 1.31% | -0.44% | +24.68% | |
| 28 | INOD | Innodata Inc | 股票-其他 | 1.29% | +0.44% | +107.45% | |
| 29 | CRS | Carpenter Technology | 股票-工業 | 1.28% | -0.37% | -9.14% | |
| 30 | COHR | Coherent CORP | 股票-科技 | 1.28% | -1.72% | -3.07% | |
| 31 | KRMN | Karman Holdings Inc | 股票-工業 | 1.18% | -0.56% | +69.41% | |
| 32 | RBC | RBC Bearings Inc | 股票-工業 | 1.14% | +0.06% | -25.13% | |
| 33 | ALM | Almonty Industries Inc | 股票-其他 | 1.14% | -0.38% | — | |
| 34 | AAOI | Applied Optoelectronics Inc | 股票-科技 | 1.13% | -1.58% | — | |
| 35 | ADPT | Adaptive Biotechnologies | 股票-其他 | 1.06% | +0.18% | +77.60% | |
| 36 | PEN | Penumbra Inc | 股票-醫療保健 | 1.03% | — | -7.89% | |
| 37 | SITM | Sitime CORP | 股票-科技 | 0.96% | -0.31% | -36.57% | |
| 38 | WULF | Terawulf Inc | 股票-金融 | 0.94% | -0.73% | EXIT | |
| 39 | KMTS | Kestra Medical Technologies, Ltd. | 股票-其他 | 0.86% | -0.04% | +154.54% | |
| 40 | TMDX | Transmedics Group Inc | 股票-醫療保健 | 0.83% | -0.70% | EXIT | |
| 41 | AMZN | Amazon.com Inc | 股票-循環性消費 | 0.82% | -0.38% | +0.03% | |
| 42 | FEIM | Frequency Electronics Inc | 股票-其他 | 0.82% | +0.12% | +200.36% | |
| 43 | CELH | Celsius Holdings Inc | 股票-非循環性消費 | 0.79% | -0.71% | EXIT | |
| 44 | TCMD | Tactile Systems Technology I | 股票-其他 | 0.79% | -0.05% | — | |
| 45 | PKE | Park Aerospace CORP | 股票-其他 | 0.78% | +0.61% | +93.01% | |
| 46 | AEHR | Aehr Test Systems | 股票-其他 | 0.77% | +0.06% | +99.93% | |
| 47 | AVGO | Broadcom Inc | 股票-科技 | 0.76% | -0.10% | -0.19% | |
| 48 | GLBE | Global-E Online Ltd. | 股票-其他 | 0.75% | +0.46% | +38.56% | |
| 49 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 0.75% | +0.32% | -12.54% | |
| 50 | AAON | Aaon Inc | 股票-工業 | 0.74% | +0.09% | +18.89% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | ATEC | Alphatec Holdings Inc | +1.1% | +6.09% | 加碼 |
| 2 | ADMA | Adma Biologics Inc | +1% | +178.28% | 加碼 |
| 3 | CCB | Coastal Financial Corp/wa | +0.8% | +129.99% | 加碼 |
| 4 | MAMA | Mama's Creations Inc | +0.7% | +54.51% | 加碼 |
| 5 | FEIM | Frequency Electronics Inc | +0.6% | +200.36% | 加碼 |
| 6 | FROG | JFrog Ltd. | +0.6% | +30.68% | 加碼 |
| 7 | KMTS | Kestra Medical Technologies, Ltd. | +0.5% | +154.54% | 加碼 |
| 8 | ADPT | Adaptive Biotechnologies | +0.5% | +77.60% | 加碼 |
| 9 | COHR | Coherent CORP | +0.5% | -3.07% | 減碼 |
| 10 | KRMN | Karman Holdings Inc | +0.5% | +69.41% | 加碼 |
| 11 | TMDX | Transmedics Group Inc | +0.4% | +81.17% | 加碼 |
| 12 | PKE | Park Aerospace CORP | +0.4% | +93.01% | 加碼 |
| 13 | BROS | Dutch Bros Inc-class A | +0.4% | +24.68% | 加碼 |
| 14 | LGN | Legence Corp-cl A | +0.4% | +53.15% | 加碼 |
| 15 | APLD | Applied Digital CORP | +0.3% | +30.65% | 加碼 |
| 16 | INOD | Innodata Inc | +0.3% | +107.45% | 加碼 |
| 17 | WULF | Terawulf Inc | +0.3% | +52.89% | 加碼 |
| 18 | OWLT | Owlet Inc | +0.3% | +18.41% | 加碼 |
| 19 | ALHC | Alignment Healthcare Inc | +0.3% | +1.56% | 加碼 |
| 20 | GLBE | Global-E Online Ltd. | +0.2% | +38.56% | 加碼 |
| 21 | ✓ | +0.2% | +3.15% | 加碼 | |
| 22 | LSCC | Lattice Semiconductor CORP | +0.2% | +19.57% | 加碼 |
| 23 | NTSK | Netskope Inc-cl A | +0.2% | +87.12% | 加碼 |
| 24 | AAPL | Apple Inc | +0.2% | +10.93% | 加碼 |
| 25 | AIP | Arteris Inc | +0.2% | -0.39% | 減碼 |
| 26 | SIBN | Si-bone Inc | +0.2% | +508.36% | 加碼 |
| 27 | AEHR | Aehr Test Systems | +0.2% | +99.93% | 加碼 |
| 28 | CRS | Carpenter Technology | +0.1% | -9.14% | 減碼 |
| 29 | OPRX | Optimizerx CORP | +0.1% | +139.85% | 加碼 |
| 30 | XMTR | Xometry Inc-a | +0.1% | -0.48% | 減碼 |
| 31 | HOOD | Robinhood Markets Inc - A | +0.1% | +116.84% | 加碼 |
| 32 | GEV | GE Vernova Inc | +0.1% | +52.59% | 加碼 |
| 33 | MIRM | Mirum Pharmaceuticals Inc | +0.1% | +1.97% | 加碼 |
| 34 | LEU | Centrus Energy Corp-class A | +0.1% | +56.18% | 加碼 |
| 35 | INSM | Insmed Inc | +0.1% | +28.09% | 加碼 |
| 36 | AORT | Artivion Inc | +0.1% | -0.39% | 減碼 |
| 37 | PEN | Penumbra Inc | +0.1% | -7.89% | 減碼 |
| 38 | GOOGL | Alphabet Inc-cl A | +0.1% | -12.54% | 減碼 |
| 39 | EVLV | Evolv Technologies Holdings | +0.1% | +28.65% | 加碼 |
| 40 | MPTI | M-tron Industries Inc | +0.1% | +26.23% | 加碼 |
| 41 | AXON | Axon Enterprise Inc | +0.1% | +72.89% | 加碼 |
| 42 | MDB | Mongodb Inc | +0.1% | -0.03% | 減碼 |
| 43 | ORN | Orion Group Holdings Inc | +0.1% | -0.41% | 減碼 |
| 44 | SARO | Standardaero Inc | +0.1% | +10.10% | 加碼 |
| 45 | WING | Wingstop Inc | +0.1% | +26.92% | 加碼 |
| 46 | CRWD | Crowdstrike Holdings Inc - A | +0.1% | +96.21% | 加碼 |
| 47 | AGYS | Agilysys Inc | 0% | -0.40% | 減碼 |
| 48 | LINC | Lincoln Educational Services | 0% | +4.13% | 加碼 |
| 49 | GS | Goldman Sachs Group Inc | 0% | -0.12% | 減碼 |
| 50 | CAT | Caterpillar Inc | 0% | -0.12% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Next Century Growth Investors LLC 在 Q4 2025 季度的美股持倉總市值約為 US$18.9億，共申報了 121 個公開持股部位。
在 Q4 2025 季度，Next Century Growth Investors LLC 按市值排列的前三大核心持股分別為：ATRO (4.0%)、ATEC (3.5%)、XMTR (3.3%)。其中最大持股部位 ATRO 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
AXGN
市值: US$2618.0萬
本季最大獲利了結 / 清倉標的
AGX
前期市值: US$1781.4萬
在 Q4 2025 季度中，Next Century Growth Investors LLC 共進行了 141 項持倉異動，包含新建倉 17 個部位、加碼 50 個部位、減碼 54 個部位以及清倉 20 個部位。 其中最大新建倉標的為 AXGN。 本季清倉部位包含 AGX。
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。