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: 0001745796
申報總市值
US$7.8億
US$7.8億
47 檔
25.7%
在 Q4 2025 的 13F 官方備案中，North Growth Management Ltd. 管理的美股投資組合規模來到 US$7.8億，整體持股檔數為 47 檔。
North Growth Management Ltd. 於 Q4 2025 展現出進攻型調倉步調，本季推動了 0 檔股票的新建倉與 27 檔既有部位加碼，整體資金傾向擴大在美股市場的曝險佈局。
從部位權重觀察，前 5 大標的（包含 CIEN, JBL, LITE）累計市值佔比達 25.7%，是驅動 North Growth Management Ltd. 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 | CIEN | Ciena CORP | 股票-科技 | 9.03% | -2.23% | -24.00% | |
| 2 | JBL | Jabil Inc | 股票-科技 | 7.29% | +0.22% | +0.99% | |
| 3 | LITE | Lumentum Holdings Inc | 股票-科技 | 5.46% | +0.06% | -37.50% | |
| 4 | AMAT | Applied Materials Inc | 股票-科技 | 5.34% | +2.60% | -7.64% | |
| 5 | COHR | Coherent CORP | 股票-科技 | 4.20% | +0.71% | -27.50% | |
| 6 | EAT | Brinker International Inc | 股票-循環性消費 | 3.13% | -0.02% | +10.24% | |
| 7 | SGI | Somnigroup International Inc | 股票-循環性消費 | 2.97% | -0.24% | +1.43% | |
| 8 | TPR | Tapestry Inc | 股票-循環性消費 | 2.93% | -0.13% | +1.38% | |
| 9 | MSI | Motorola Solutions Inc | 股票-科技 | 2.90% | -0.39% | — | |
| 10 | JNJ | Johnson & Johnson | 股票-醫療保健 | 2.88% | -0.18% | +0.66% | |
| 11 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 2.85% | -0.25% | — | |
| 12 | NVDA | Nvidia CORP | 股票-科技 | 2.41% | -0.08% | +1.22% | |
| 13 | ANF | Abercrombie & Fitch Co-cl A | 股票-循環性消費 | 2.36% | -0.29% | +0.84% | |
| 14 | EA | Electronic Arts Inc | 股票-通訊服務 | 2.32% | -0.17% | +1.39% | |
| 15 | WBD | Warner Bros Discovery Inc | 股票-通訊服務 | 2.27% | -0.39% | +0.80% | |
| 16 | ULTA | Ulta Beauty Inc | 股票-循環性消費 | 2.19% | -0.46% | — | |
| 17 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 2.11% | +0.05% | +9.52% | |
| 18 | TXN | Texas Instruments Inc | 股票-科技 | 1.98% | +0.52% | +28.07% | |
| 19 | J | Jacobs Solutions Inc | 股票-工業 | 1.97% | -0.26% | +11.76% | |
| 20 | GPN | Global Payments Inc | 股票-工業 | 1.85% | +0.07% | +14.18% | |
| 21 | IQV | Iqvia Holdings Inc | 股票-醫療保健 | 1.78% | +0.22% | +15.91% | |
| 22 | WTS | Watts Water Technologies-a | 股票-工業 | 1.74% | +0.28% | — | |
| 23 | WST | West Pharmaceutical Services | 股票-醫療保健 | 1.69% | +0.50% | +14.71% | |
| 24 | HPQ | Hp Inc | 股票-科技 | 1.66% | -0.09% | +1.28% | |
| 25 | NVR | Nvr Inc | 股票-循環性消費 | 1.62% | -0.20% | — | |
| 26 | ITGR | Integer Holdings CORP | 股票-醫療保健 | 1.59% | -0.23% | +25.24% | |
| 27 | AZO | Autozone Inc | 股票-循環性消費 | 1.58% | -0.35% | +50.00% | |
| 28 | QCOM | Qualcomm Inc | 股票-科技 | 1.53% | -0.12% | -20.83% | |
| 29 | INMD | InMode Ltd. | 股票-其他 | 1.52% | -1.42% | EXIT | |
| 30 | AAPL | Apple Inc | 股票-科技 | 1.45% | +0.12% | — | |
| 31 | MSFT | Microsoft CORP | 股票-科技 | 1.43% | -0.17% | — | |
| 32 | CROX | Crocs Inc | 股票-循環性消費 | 1.38% | +0.35% | +21.18% | |
| 33 | URI | United Rentals Inc | 股票-工業 | 1.37% | +0.31% | — | |
| 34 | FDX | Fedex CORP | 股票-工業 | 1.30% | -0.42% | +3.57% | |
| 35 | ARHS | Arhaus Inc | 股票-其他 | 1.23% | +0.04% | +1.15% | |
| 36 | ELV | Elevance Health Inc | 股票-醫療保健 | 1.22% | +0.32% | — | |
| 37 | NKE | Nike Inc -cl B | 股票-循環性消費 | 1.16% | -0.14% | +36.47% | |
| 38 | ALGN | Align Technology Inc | 股票-醫療保健 | 1.11% | -0.01% | — | |
| 39 | BIIB | Biogen Inc | 股票-醫療保健 | 0.94% | +0.41% | — | |
| 40 | ATKR | Atkore Inc | 股票-其他 | 0.93% | — | +1.08% | |
| 41 | FBIN | Fortune Brands Innovations I | 股票-工業 | 0.89% | +0.14% | +0.89% | |
| 42 | ODFL | Old Dominion Freight Line | 股票-工業 | 0.76% | +0.16% | — | |
| 43 | FSLR | First Solar Inc | 股票-科技 | 0.61% | +0.01% | — | |
| 44 | AMTM | Amentum Holdings Inc | 股票-工業 | 0.44% | -0.22% | +1.03% | |
| 45 | MBC | Masterbrand Inc | 股票-循環性消費 | 0.38% | +0.02% | +1.40% | |
| 46 | ZYME | Zymeworks Inc | 股票-其他 | 0.19% | -0.02% | -45.12% | |
| 47 | LULU | Lululemon Athletica Inc | 股票-循環性消費 | 0.04% | -0.01% | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | LITE | Lumentum Holdings Inc | +1.1% | -37.50% | 減碼 |
| 2 | CIEN | Ciena CORP | +0.8% | -24.00% | 減碼 |
| 3 | ANF | Abercrombie & Fitch Co-cl A | +0.6% | +0.84% | 加碼 |
| 4 | WBD | Warner Bros Discovery Inc | +0.6% | +0.80% | 加碼 |
| 5 | COHR | Coherent CORP | +0.5% | -27.50% | 減碼 |
| 6 | TMO | Thermo Fisher Scientific Inc | +0.4% | +9.52% | 加碼 |
| 7 | EAT | Brinker International Inc | +0.3% | +10.24% | 加碼 |
| 8 | IQV | Iqvia Holdings Inc | +0.3% | +15.91% | 加碼 |
| 9 | AMAT | Applied Materials Inc | +0.2% | -7.64% | 減碼 |
| 10 | TXN | Texas Instruments Inc | +0.2% | +28.07% | 加碼 |
| 11 | CROX | Crocs Inc | +0.2% | +21.18% | 加碼 |
| 12 | WST | West Pharmaceutical Services | +0.1% | +14.71% | 加碼 |
| 13 | FDX | Fedex CORP | +0.1% | +3.57% | 加碼 |
| 14 | NKE | Nike Inc -cl B | +0.1% | +36.47% | 加碼 |
| 15 | ALGN | Align Technology Inc | +0.1% | — | 不變 |
| 16 | BIIB | Biogen Inc | +0.1% | — | 不變 |
| 17 | TPR | Tapestry Inc | +0.1% | +1.38% | 加碼 |
| 18 | FSLR | First Solar Inc | 0% | — | 不變 |
| 19 | AMTM | Amentum Holdings Inc | 0% | +1.03% | 加碼 |
| 20 | ULTA | Ulta Beauty Inc | 0% | — | 不變 |
| 21 | ODFL | Old Dominion Freight Line | 0% | — | 不變 |
| 22 | LULU | Lululemon Athletica Inc | — | — | 不變 |
| 23 | JNJ | Johnson & Johnson | 0% | +0.66% | 加碼 |
| 24 | ELV | Elevance Health Inc | 0% | — | 不變 |
| 25 | AAPL | Apple Inc | -0.1% | — | 不變 |
| 26 | ARHS | Arhaus Inc | -0.1% | +1.15% | 加碼 |
| 27 | ZYME | Zymeworks Inc | -0.1% | -45.12% | 減碼 |
| 28 | GPN | Global Payments Inc | -0.1% | +14.18% | 加碼 |
| 29 | ATKR | Atkore Inc | -0.1% | +1.08% | 加碼 |
| 30 | MBC | Masterbrand Inc | -0.1% | +1.40% | 加碼 |
| 31 | SGI | Somnigroup International Inc | -0.1% | +1.43% | 加碼 |
| 32 | AZO | Autozone Inc | -0.1% | +50.00% | 加碼 |
| 33 | FBIN | Fortune Brands Innovations I | -0.2% | +0.89% | 加碼 |
| 34 | INMD | InMode Ltd. | -0.2% | +1.22% | 加碼 |
| 35 | EA | Electronic Arts Inc | -0.2% | +1.39% | 加碼 |
| 36 | WTS | Watts Water Technologies-a | -0.2% | — | 不變 |
| 37 | J | Jacobs Solutions Inc | -0.2% | +11.76% | 加碼 |
| 38 | ITGR | Integer Holdings CORP | -0.3% | +25.24% | 加碼 |
| 39 | NVDA | Nvidia CORP | -0.3% | +1.22% | 加碼 |
| 40 | MSFT | Microsoft CORP | -0.3% | — | 不變 |
| 41 | BKNG | Booking Holdings Inc | -0.3% | — | 不變 |
| 42 | NVR | Nvr Inc | -0.3% | — | 不變 |
| 43 | JBL | Jabil Inc | -0.4% | +0.99% | 加碼 |
| 44 | URI | United Rentals Inc | -0.4% | — | 不變 |
| 45 | QCOM | Qualcomm Inc | -0.5% | -20.83% | 減碼 |
| 46 | HPQ | Hp Inc | -0.6% | +1.28% | 加碼 |
| 47 | MSI | Motorola Solutions Inc | -0.9% | — | 不變 |
根據 SEC 官方 Form 13F 申報備案，North Growth Management Ltd. 在 Q4 2025 季度的美股持倉總市值約為 US$7.8億，共申報了 47 個公開持股部位。
在 Q4 2025 季度，North Growth Management Ltd. 按市值排列的前三大核心持股分別為：CIEN (9.0%)、JBL (7.3%)、LITE (5.5%)。其中最大持股部位 CIEN 佔據整體投資組合約 9.0% 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。
本季最大獲利了結 / 清倉標的
CIEN
前期市值: US$4734.9萬
在 Q4 2025 季度中，North Growth Management Ltd. 共進行了 33 項持倉異動，包含新建倉 0 個部位、加碼 27 個部位、減碼 6 個部位以及清倉 0 個部位。
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。