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: 0001816616
申報總市值
US$38.6億
US$38.6億
62 檔
20.3%
在 Q4 2025 申報期間，NZS Capital, LLC（CIK: 0001816616）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$38.6億，共持有 62 個公開申報部位。
Q4 2025 數據顯示 NZS Capital, LLC 積極進場，新開立 5 個部位並同步加碼 42 檔個股，反映機構在該季度的資金注入與籌碼積累。
從部位權重觀察，前 5 大標的（包含 GOOG, CDNS, DHR）累計市值佔比達 20.3%，是驅動 NZS Capital, LLC 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 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 7.85% | +0.43% | -8.52% | |
| 2 | CDNS | Cadence Design Sys Inc | 股票-科技 | 4.50% | +0.02% | -8.36% | |
| 3 | DHR | Danaher CORP | 股票-醫療保健 | 4.43% | -1.17% | +28.50% | |
| 4 | LRCX | Lam Research CORP | 股票-科技 | 3.88% | +1.92% | -30.95% | |
| 5 | AMT | American Tower CORP | 股票-房地產 | 3.35% | -0.53% | EXIT | |
| 6 | PGR | Progressive CORP | 股票-金融 | 3.27% | -0.43% | -6.44% | |
| 7 | WDAY | Workday Inc-class A | 股票-科技 | 3.22% | -0.73% | +20.48% | |
| 8 | LIN | Linde plc | 股票-原物料 | 3.20% | -1.36% | +27.43% | |
| 9 | ROP | Roper Technologies Inc | 股票-科技 | 3.09% | -0.61% | +3.40% | |
| 10 | TXN | Texas Instruments Inc | 股票-科技 | 2.78% | +0.37% | +4.63% | |
| 11 | IR | Ingersoll-rand Inc | 股票-工業 | 2.39% | -0.75% | +9.97% | |
| 12 | IT | Gartner Inc | 股票-科技 | 2.33% | — | +16.76% | |
| 13 | TT | Trane Technologies plc | 股票-工業 | 2.30% | -0.20% | +48.15% | |
| 14 | URI | United Rentals Inc | 股票-工業 | 2.24% | +0.29% | -5.43% | |
| 15 | APH | Amphenol Corp-cl A | 股票-科技 | 2.01% | +1.48% | -44.91% | |
| 16 | ISRG | Intuitive Surgical Inc | 股票-醫療保健 | 1.93% | -0.20% | +0.90% | |
| 17 | SHOP | Shopify Inc - Class A | 股票-科技 | 1.87% | -0.10% | -39.92% | |
| 18 | AJG | Arthur J Gallagher & Co | 股票-金融 | 1.82% | -0.35% | — | |
| 19 | UBER | Uber Technologies Inc | 股票-工業 | 1.82% | -0.80% | +46.09% | |
| 20 | KLAC | Kla CORP | 股票-科技 | 1.74% | +0.98% | -1.46% | |
| 21 | AAPL | Apple Inc | 股票-科技 | 1.74% | -0.29% | +29.57% | |
| 22 | PCOR | Procore Technologies Inc | 股票-科技 | 1.72% | — | +2.98% | |
| 23 | NVDA | Nvidia CORP | 股票-科技 | 1.68% | +2.21% | -12.60% | |
| 24 | SNOW | Snowflake Inc | 股票-科技 | 1.67% | +0.30% | +0.57% | |
| 25 | NU | Nu Holdings Ltd. | 股票-金融 | 1.57% | -0.50% | +0.93% | |
| 26 | HEI-A | Heico Corp-class A | 股票-其他 | 1.55% | -0.06% | +1.01% | |
| 27 | MELI | Mercadolibre Inc | 股票-循環性消費 | 1.44% | -0.20% | +8.53% | |
| 28 | TOST | Toast Inc-class A | 股票-科技 | 1.41% | -0.14% | +0.80% | |
| 29 | TEAM | Atlassian Corp-cl A | 股票-科技 | 1.41% | -0.01% | +34.29% | |
| 30 | ARM | Arm Holdings Plc-adr | 股票-科技 | 1.38% | -0.25% | -8.08% | |
| 31 | SNPS | Synopsys Inc | 股票-科技 | 1.38% | -0.95% | +0.72% | |
| 32 | PWR | Quanta Services Inc | 股票-工業 | 1.34% | +0.46% | +1.16% | |
| 33 | LSCC | Lattice Semiconductor CORP | 股票-科技 | 1.24% | -0.32% | -17.85% | |
| 34 | SAIL | Sailpoint Inc | 股票-其他 | 1.22% | -0.06% | +12.16% | |
| 35 | TTAN | Servicetitan Inc-a | 股票-科技 | 1.18% | — | +5.99% | |
| 36 | GLBE | Global-E Online Ltd. | 股票-其他 | 1.16% | +0.02% | +0.83% | |
| 37 | HEI | Heico CORP | 股票-工業 | 1.13% | -0.08% | +1.00% | |
| 38 | MSFT | Microsoft CORP | 股票-科技 | 1.10% | -0.44% | — | |
| 39 | MRVL | Marvell Technology Inc | 股票-科技 | 1.10% | +0.36% | -18.75% | |
| 40 | PEN | Penumbra Inc | 股票-醫療保健 | 1.04% | -0.76% | EXIT | |
| 41 | RGEN | Repligen CORP | 股票-醫療保健 | 1.00% | -0.07% | +1.03% | |
| 42 | DASH | Doordash Inc - A | 股票-循環性消費 | 0.98% | +0.55% | +29.88% | |
| 43 | AXON | Axon Enterprise Inc | 股票-工業 | 0.95% | +0.61% | +92.91% | |
| 44 | CSGP | Costar Group Inc | 股票-房地產 | 0.91% | -0.60% | +18.19% | |
| 45 | AFRM | Affirm Holdings Inc | 股票-金融 | 0.82% | -0.56% | EXIT | |
| 46 | Z | Zillow Group Inc - C | 股票-通訊服務 | 0.81% | -0.45% | +19.80% | |
| 47 | CGNX | Cognex CORP | 股票-科技 | 0.76% | — | +1.00% | |
| 48 | MPWR | Monolithic Power Systems Inc | 股票-科技 | 0.73% | -0.05% | +0.80% | |
| 49 | NOW | Servicenow Inc | 股票-科技 | 0.67% | — | +438.70% | |
| 50 | RDDT | Reddit Inc-cl A | 股票-通訊服務 | 0.66% | +0.14% | +0.88% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | DHR | Danaher CORP | +1.5% | +28.50% | 加碼 |
| 2 | GOOG | Alphabet Inc-cl C | +1.2% | -8.52% | 減碼 |
| 3 | AMT | American Tower CORP | +0.8% | +41.20% | 加碼 |
| 4 | TT | Trane Technologies plc | +0.6% | +48.15% | 加碼 |
| 5 | AAPL | Apple Inc | +0.5% | +29.57% | 加碼 |
| 6 | ISRG | Intuitive Surgical Inc | +0.4% | +0.90% | 加碼 |
| 7 | LIN | Linde plc | +0.4% | +27.43% | 加碼 |
| 8 | TEAM | Atlassian Corp-cl A | +0.4% | +34.29% | 加碼 |
| 9 | PEN | Penumbra Inc | +0.4% | +24.83% | 加碼 |
| 10 | AXON | Axon Enterprise Inc | +0.3% | +92.91% | 加碼 |
| 11 | UBER | Uber Technologies Inc | +0.3% | +46.09% | 加碼 |
| 12 | IT | Gartner Inc | +0.3% | +16.76% | 加碼 |
| 13 | WDAY | Workday Inc-class A | +0.2% | +20.48% | 加碼 |
| 14 | ADI | Analog Devices Inc | +0.2% | +40.82% | 加碼 |
| 15 | RGEN | Repligen CORP | +0.2% | +1.03% | 加碼 |
| 16 | KLAC | Kla CORP | +0.2% | -1.46% | 減碼 |
| 17 | IR | Ingersoll-rand Inc | +0.1% | +9.97% | 加碼 |
| 18 | TTAN | Servicetitan Inc-a | +0.1% | +5.99% | 加碼 |
| 19 | GLBE | Global-E Online Ltd. | +0.1% | +0.83% | 加碼 |
| 20 | NU | Nu Holdings Ltd. | +0.1% | +0.93% | 加碼 |
| 21 | DASH | Doordash Inc - A | +0.1% | +29.88% | 加碼 |
| 22 | LMND | Lemonade Inc | +0.1% | +1.00% | 加碼 |
| 23 | Z | Zillow Group Inc - C | +0.1% | +19.80% | 加碼 |
| 24 | PCOR | Procore Technologies Inc | 0% | +2.98% | 加碼 |
| 25 | PWR | Quanta Services Inc | 0% | +1.16% | 加碼 |
| 26 | SAIL | Sailpoint Inc | 0% | +12.16% | 加碼 |
| 27 | AFRM | Affirm Holdings Inc | 0% | +0.89% | 加碼 |
| 28 | HEI | Heico CORP | 0% | +1.00% | 加碼 |
| 29 | HEI-A | Heico Corp-class A | 0% | +1.01% | 加碼 |
| 30 | CRWD | Crowdstrike Holdings Inc - A | — | — | 不變 |
| 31 | MPWR | Monolithic Power Systems Inc | — | +0.80% | 加碼 |
| 32 | RDDT | Reddit Inc-cl A | — | +0.88% | 加碼 |
| 33 | TXN | Texas Instruments Inc | 0% | +4.63% | 加碼 |
| 34 | TOST | Toast Inc-class A | 0% | +0.80% | 加碼 |
| 35 | SNOW | Snowflake Inc | 0% | +0.57% | 加碼 |
| 36 | SNPS | Synopsys Inc | -0.1% | +0.72% | 加碼 |
| 37 | CSGP | Costar Group Inc | -0.1% | +18.19% | 加碼 |
| 38 | NET | Cloudflare Inc - Class A | -0.1% | +0.74% | 加碼 |
| 39 | FIG | Figma Inc-cl A | -0.1% | +14.75% | 加碼 |
| 40 | MSFT | Microsoft CORP | -0.1% | — | 不變 |
| 41 | NOW | Servicenow Inc | -0.1% | +438.70% | 加碼 |
| 42 | MELI | Mercadolibre Inc | -0.1% | +8.53% | 加碼 |
| 43 | FND | Floor & Decor Holdings Inc-a | -0.1% | +0.94% | 加碼 |
| 44 | CGNX | Cognex CORP | -0.2% | +1.00% | 加碼 |
| 45 | MRVL | Marvell Technology Inc | -0.2% | -18.75% | 減碼 |
| 46 | NVDA | Nvidia CORP | -0.2% | -12.60% | 減碼 |
| 47 | ROP | Roper Technologies Inc | -0.3% | +3.40% | 加碼 |
| 48 | LSCC | Lattice Semiconductor CORP | -0.3% | -17.85% | 減碼 |
| 49 | COIN | Coinbase Global Inc -class A | -0.3% | +0.85% | 加碼 |
| 50 | MNDY | monday.com Ltd. | -0.3% | -74.42% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，NZS Capital, LLC 在 Q4 2025 季度的美股持倉總市值約為 US$38.6億，共申報了 62 個公開持股部位。
在 Q4 2025 季度，NZS Capital, LLC 按市值排列的前三大核心持股分別為：GOOG (7.8%)、CDNS (4.5%)、DHR (4.4%)。其中最大持股部位 GOOG 佔據整體投資組合約 7.8% 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
AJG
市值: US$5944.5萬
本季最大獲利了結 / 清倉標的
FISV
前期市值: US$7015.1萬
在 Q4 2025 季度中，NZS Capital, LLC 共進行了 64 項持倉異動，包含新建倉 5 個部位、加碼 42 個部位、減碼 13 個部位以及清倉 4 個部位。 其中最大新建倉標的為 AJG。 本季清倉部位包含 FISV。
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。