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: 0001389574
申報總市值
US$17.8億
US$17.8億
205 檔
9.0%
在 Q4 2025 申報期間，Nicholas Investment Partners, LP（CIK: 0001389574）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$17.8億，共持有 205 個公開申報部位。
在 Q4 2025 期間，Nicholas Investment Partners, LP 展現了靈活的資產再平衡步調，透過出清 44 檔弱勢或達到目標價部位，將資金轉置於 39 檔新建倉標的之中。
在資產配置集中度方面，Nicholas Investment Partners, LP 的前 5 大核心持股（包含 BWXT, INSM, KTOS 等）合計佔整體申報市值的 9.0%，反映機構在主要關鍵部位上的權重分佈。
僅顯示前 200 大持股（共 205 檔）
| # | 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 | BWXT | Bwx Technologies Inc | 股票-工業 | 3.28% | -0.87% | +0.50% | |
| 2 | INSM | Insmed Inc | 股票-醫療保健 | 2.29% | -2.00% | -0.02% | |
| 3 | KTOS | Kratos Defense & Security | 股票-工業 | 2.17% | -1.99% | EXIT | |
| 4 | EMBJ | Embraer Sa-spon Adr | 股票-工業 | 2.01% | -1.83% | EXIT | |
| 5 | RVMD | Revolution Medicines Inc | 股票-醫療保健 | 1.84% | +0.75% | +18.59% | |
| 6 | AVGO | Broadcom Inc | 股票-科技 | 1.73% | -0.06% | — | |
| 7 | NVDA | Nvidia CORP | 股票-科技 | 1.66% | -0.06% | — | |
| 8 | BBIO | Bridgebio Pharma Inc | 股票-醫療保健 | 1.59% | -0.29% | +4.81% | |
| 9 | GEV | GE Vernova Inc | 股票-工業 | 1.45% | -0.56% | — | |
| 10 | SHOO | Steven Madden LTD | 股票-其他 | 1.28% | +0.22% | — | |
| 11 | MIRM | Mirum Pharmaceuticals Inc | 股票-其他 | 1.23% | +0.26% | -1.69% | |
| 12 | AXSM | Axsome Therapeutics Inc | 股票-醫療保健 | 1.22% | +0.37% | +88.18% | |
| 13 | MSFT | Microsoft CORP | 股票-科技 | 1.21% | -0.35% | — | |
| 14 | WTFC | Wintrust Financial CORP | 股票-金融 | 1.20% | +0.01% | +6.25% | |
| 15 | STX 3.5 06-01-28債券 | Seagate Hdd Cayman | 債券 | 1.19% | +0.49% | — | |
| 16 | ANF | Abercrombie & Fitch Co-cl A | 股票-循環性消費 | 1.19% | -0.14% | EXIT | |
| 17 | NUVL | Nuvalent Inc-a | 股票-其他 | 1.18% | -1.13% | +29.24% | |
| 18 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.17% | -0.05% | +7.86% | |
| 19 | 62C | Piper Sandler Cos | 股票-其他 | 1.16% | — | +3.36% | |
| 20 | CCJ | Cameco CORP | 股票-能源 | 1.16% | -0.36% | — | |
| 21 | SKT | Tanger Inc | 股票-房地產 | 1.10% | -0.04% | +3.94% | |
| 22 | MIR | Mirion Technologies Inc | 股票-工業 | 1.09% | -0.07% | EXIT | |
| 23 | WING | Wingstop Inc | 股票-循環性消費 | 1.02% | — | +299.85% | |
| 24 | HAPN | Happen Inc | 股票-其他 | 0.98% | +0.45% | +144.73% | |
| 25 | CRS | Carpenter Technology | 股票-工業 | 0.96% | +0.33% | -7.48% | |
| 26 | RKLB | Rocket Lab CORP | 股票-工業 | 0.94% | -0.72% | +4.97% | |
| 27 | XOM | Exxon Mobil CORP | 股票-能源 | 0.92% | -0.48% | — | |
| 28 | FN | Fabrinet | 股票-科技 | 0.92% | -0.33% | +6.24% | |
| 29 | OSIS | Osi Systems Inc | 股票-科技 | 0.90% | -0.60% | EXIT | |
| 30 | FTAI | FTAI Aviation Ltd. | 股票-工業 | 0.89% | -0.25% | +6.37% | |
| 31 | BAC | Bank Of America CORP | 股票-金融 | 0.86% | -0.05% | — | |
| 32 | PARR | Par Pacific Holdings Inc | 股票-能源 | 0.85% | -0.34% | +2.93% | |
| 33 | SKYW | Skywest Inc | 股票-工業 | 0.84% | -0.42% | EXIT | |
| 34 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 0.83% | +0.21% | +14.46% | |
| 35 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.83% | -0.05% | — | |
| 36 | CENX | Century Aluminum Company | 股票-原物料 | 0.83% | -0.73% | — | |
| 37 | RSI | Rush Street Interactive Inc | 股票-其他 | 0.82% | +0.10% | -57.85% | |
| 38 | ABVX | Abivax Sa-adr | 股票-其他 | 0.82% | -0.72% | EXIT | |
| 39 | MTSI | Macom Technology Solutions H | 股票-科技 | 0.81% | -0.02% | +46.92% | |
| 40 | LSCC | Lattice Semiconductor CORP | 股票-科技 | 0.81% | +0.32% | +6.25% | |
| 41 | XENE | Xenon Pharmaceuticals Inc | 股票-其他 | 0.79% | +0.31% | +104.02% | |
| 42 | MPWR | Monolithic Power Systems Inc | 股票-科技 | 0.79% | -0.01% | — | |
| 43 | NEE 3 03-01-27債券 | Nextera Energy Capital | 債券 | 0.77% | -0.27% | +15.66% | |
| 44 | SPHR | Sphere Entertainment Co | 股票-通訊服務 | 0.76% | +0.19% | +34.62% | |
| 45 | SNOW 0 10-01-29債券 | Snowflake Inc | 債券 | 0.75% | -0.36% | — | |
| 46 | NCLH | Norwegian Cruise Line Holdings Ltd. | 股票-循環性消費 | 0.74% | — | -5.44% | |
| 47 | ROAD | Construction Partners Inc-a | 股票-工業 | 0.74% | -0.25% | -25.76% | |
| 48 | GH | Guardant Health Inc | 股票-醫療保健 | 0.73% | -0.08% | EXIT | |
| 49 | BA 6 10-15-27債券 | Boeing Co/the | 債券 | 0.72% | -0.07% | -27.13% | |
| 50 | BE | Bloom Energy Corp- A | 股票-工業 | 0.71% | -1.08% | +2.92% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | RVMD | Revolution Medicines Inc | +0.9% | +18.59% | 加碼 |
| 2 | AXSM | Axsome Therapeutics Inc | +0.8% | +88.18% | 加碼 |
| 3 | WING | Wingstop Inc | +0.7% | +299.85% | 加碼 |
| 4 | ABVX | Abivax Sa-adr | +0.7% | +327.57% | 加碼 |
| 5 | HAPN | Happen Inc | +0.6% | +144.73% | 加碼 |
| 6 | BBIO | Bridgebio Pharma Inc | +0.5% | +4.81% | 加碼 |
| 7 | TFII | Tfi International Inc | +0.4% | +178.93% | 加碼 |
| 8 | XENE | Xenon Pharmaceuticals Inc | +0.4% | +104.02% | 加碼 |
| 9 | MTSI | Macom Technology Solutions H | +0.4% | +46.92% | 加碼 |
| 10 | SPHR | Sphere Entertainment Co | +0.4% | +34.62% | 加碼 |
| 11 | NUVL | Nuvalent Inc-a | +0.4% | +29.24% | 加碼 |
| 12 | GH | Guardant Health Inc | +0.3% | +17.05% | 加碼 |
| 13 | INSM | Insmed Inc | +0.3% | -0.02% | 減碼 |
| 14 | RKLB | Rocket Lab CORP | +0.3% | +4.97% | 加碼 |
| 15 | PL | Planet Labs Pbc | +0.2% | +5.44% | 加碼 |
| 16 | FN | Fabrinet | +0.2% | +6.24% | 加碼 |
| 17 | RMBS | Rambus Inc | +0.2% | +187.45% | 加碼 |
| 18 | RL | Ralph Lauren CORP | +0.2% | +238.22% | 加碼 |
| 19 | GH 1.25 02-15-31債券 | Guardant Health Inc | +0.2% | — | 不變 |
| 20 | WMB | Williams Cos Inc | +0.2% | +61.52% | 加碼 |
| 21 | NAMS | NewAmsterdam Pharma Company N.V. | +0.2% | +20.21% | 加碼 |
| 22 | ROIV | Roivant Sciences Ltd. | +0.2% | +13.94% | 加碼 |
| 23 | FTAI | FTAI Aviation Ltd. | +0.2% | +6.37% | 加碼 |
| 24 | TSM | Taiwan Semiconductor-sp Adr | +0.1% | +14.46% | 加碼 |
| 25 | UTHR | United Therapeutics CORP | +0.1% | +478.53% | 加碼 |
| 26 | WYNN | Wynn Resorts LTD | +0.1% | +288.61% | 加碼 |
| 27 | STX 3.5 06-01-28債券 | Seagate Hdd Cayman | +0.1% | — | 不變 |
| 28 | GOOG | Alphabet Inc-cl C | +0.1% | +4.21% | 加碼 |
| 29 | WDC 3 11-15-28債券 | Western Digital CORP | +0.1% | — | 不變 |
| 30 | EMBJ | Embraer Sa-spon Adr | +0.1% | +4.22% | 加碼 |
| 31 | CRS | Carpenter Technology | +0.1% | -7.48% | 減碼 |
| 32 | NEE 3 03-01-27債券 | Nextera Energy Capital | +0.1% | +15.66% | 加碼 |
| 33 | AMZN | Amazon.com Inc | +0.1% | +7.86% | 加碼 |
| 34 | KYMR | Kymera Therapeutics Inc | +0.1% | +6.01% | 加碼 |
| 35 | WTFC | Wintrust Financial CORP | +0.1% | +6.25% | 加碼 |
| 36 | RKT | Rocket Cos Inc-class A | +0.1% | +37.03% | 加碼 |
| 37 | ON 0 05-01-27債券 | On Semiconductor CORP | +0.1% | +27.42% | 加碼 |
| 38 | CYTK | Cytokinetics Inc | +0.1% | +13.08% | 加碼 |
| 39 | MIR | Mirion Technologies Inc | +0.1% | +9.60% | 加碼 |
| 40 | CCJ | Cameco CORP | +0.1% | — | 不變 |
| 41 | GS | Goldman Sachs Group Inc | 0% | — | 不變 |
| 42 | ARGX | Argenx Se - Adr | 0% | — | 不變 |
| 43 | KLAC | Kla CORP | 0% | +4.68% | 加碼 |
| 44 | LRCX | Lam Research CORP | 0% | +14.25% | 加碼 |
| 45 | ASML | ASML Holding N.V. | 0% | +22.66% | 加碼 |
| 46 | OSIS | Osi Systems Inc | 0% | +6.43% | 加碼 |
| 47 | C | Citigroup Inc | 0% | — | 不變 |
| 48 | ASND | Ascendis Pharma A/S | 0% | +45.36% | 加碼 |
| 49 | AFRM | Affirm Holdings Inc | 0% | +127.93% | 加碼 |
| 50 | ODFL | Old Dominion Freight Line | 0% | +32.58% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Nicholas Investment Partners, LP 在 Q4 2025 季度的美股持倉總市值約為 US$17.8億，共申報了 205 個公開持股部位。
在 Q4 2025 季度，Nicholas Investment Partners, LP 按市值排列的前三大核心持股分別為：BWXT (3.3%)、INSM (2.3%)、KTOS (2.2%)。其中最大持股部位 BWXT 佔據整體投資組合約 3.3% 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
SHOO
市值: US$1757.5萬
本季最大獲利了結 / 清倉標的
07WA
前期市值: US$878.6萬
在 Q4 2025 季度中，Nicholas Investment Partners, LP 共進行了 175 項持倉異動，包含新建倉 39 個部位、加碼 55 個部位、減碼 37 個部位以及清倉 44 個部位。 其中最大新建倉標的為 SHOO。 本季清倉部位包含 07WA。
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。