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: 0001597823
申報總市值
US$14.0億
US$14.0億
96 檔
24.1%
截至 Q4 2025 季度末，Parkwood LLC 的美股持倉估值約為 US$14.0億，全數申報部位共有 96 檔。
在 Q4 2025，Parkwood LLC 操作展現出積極擴展與加碼意向。本季共新建倉 34 個新部位，並對 38 個既有持股進行加碼（合計增持 72 檔），相較減碼與清倉部位顯著佔優。
整體而言，Parkwood LLC 的前 5 大持股（包含 VTI, KWEB, VWO）貢獻了組合市值的 24.1%，形成該機構在 Q4 2025 季度的基本面基石。
| # | 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 | VTI | Vanguard Total Stock Mkt ETF | ETF-其他 | 8.56% | — | -18.94% | |
| 2 | KWEB | Kranesh Csi China Internet | ETF-新興市場 | 7.33% | +0.05% | NEW | |
| 3 | VWO | Vanguard Ftse Emerging Marke | ETF-新興市場 | 4.95% | -0.62% | — | |
| 4 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.80% | -0.08% | +47.85% | |
| 5 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 2.41% | +0.15% | +86.19% | |
| 6 | AXON | Axon Enterprise Inc | 股票-工業 | 2.22% | -0.41% | +31.80% | |
| 7 | APH | Amphenol Corp-cl A | 股票-科技 | 2.20% | -0.07% | +68.88% | |
| 8 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 2.15% | +1.75% | +1.49% | |
| 9 | SHOP | Shopify Inc - Class A | 股票-科技 | 2.10% | +0.22% | +41.30% | |
| 10 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.04% | +1.18% | +11.51% | |
| 11 | TLT | Ishares 20+ Year Treasury Bd | ETF-政府公債 | 2.02% | — | — | |
| 12 | ELV | Elevance Health Inc | 股票-醫療保健 | 1.98% | — | +34.66% | |
| 13 | NVDA | Nvidia CORP | 股票-科技 | 1.85% | -0.45% | +64.00% | |
| 14 | BIL | Ss Spdr Bb 1-3m T-bill ETF | ETF-政府公債 | 1.76% | +1.66% | +1014.05% | |
| 15 | SNX | TD Synnex CORP | 股票-科技 | 1.66% | +0.14% | +7.75% | |
| 16 | NET | Cloudflare Inc - Class A | 股票-科技 | 1.62% | -0.60% | +20.81% | |
| 17 | OMF | Onemain Holdings Inc | 股票-金融 | 1.58% | -0.16% | +0.60% | |
| 18 | NVS | Novartis Ag-sponsored Adr | 股票-醫療保健 | 1.57% | -0.16% | +10.75% | |
| 19 | IBIT | Ishares Bitcoin Trust ETF | ETF-加密貨幣 | 1.51% | -0.61% | +33.11% | |
| 20 | CDNS | Cadence Design Sys Inc | 股票-科技 | 1.50% | -0.42% | +25.50% | |
| 21 | AAP | Advance Auto Parts Inc | 股票-循環性消費 | 1.50% | +0.35% | +26.94% | |
| 22 | DASH | Doordash Inc - A | 股票-循環性消費 | 1.49% | — | +45.61% | |
| 23 | PM | Philip Morris International | 股票-非循環性消費 | 1.42% | -0.15% | +13.09% | |
| 24 | LRCX | Lam Research CORP | 股票-科技 | 1.35% | -0.60% | -2.41% | |
| 25 | WTW | Willis Towers Watson Public Limited Company | 股票-金融 | 1.28% | -0.95% | EXIT | |
| 26 | VEA | Vanguard Ftse Developed ETF | ETF-其他 | 1.27% | -0.15% | — | |
| 27 | STX | Seagate Technology Holdings plc | 股票-科技 | 1.27% | +0.21% | — | |
| 28 | UBER | Uber Technologies Inc | 股票-工業 | 1.23% | -0.15% | +27.45% | |
| 29 | SPGI | S&p Global Inc | 股票-金融 | 1.14% | — | — | |
| 30 | C | Citigroup Inc | 股票-金融 | 1.12% | -0.03% | +10.07% | |
| 31 | MELI | Mercadolibre Inc | 股票-循環性消費 | 1.08% | -0.25% | +19.46% | |
| 32 | PGR | Progressive CORP | 股票-金融 | 1.06% | -0.90% | EXIT | |
| 33 | AEVA | Aeva Technologies Inc | 股票-其他 | 1.06% | +0.06% | — | |
| 34 | CVS | Cvs Health CORP | 股票-醫療保健 | 1.03% | +0.06% | -5.64% | |
| 35 | MA | Mastercard Inc - A | 股票-金融 | 1.02% | — | — | |
| 36 | TLN | Talen Energy CORP | 股票-公用事業 | 1.01% | -0.46% | — | |
| 37 | SPOT | Spotify Technology S.A. | 股票-通訊服務 | 1.01% | -0.38% | +9.88% | |
| 38 | WDC | Western Digital CORP | 股票-科技 | 0.99% | -1.00% | EXIT | |
| 39 | SLM | Slm CORP | 股票-金融 | 0.99% | -0.15% | +6.51% | |
| 40 | USFD | US Foods Holding CORP | 股票-非循環性消費 | 0.96% | +0.14% | — | |
| 41 | BAX | Baxter International Inc | 股票-醫療保健 | 0.92% | +0.06% | — | |
| 42 | ROP | Roper Technologies Inc | 股票-科技 | 0.91% | — | +61.03% | |
| 43 | ETH | Grayscale Ethereum Staking M | ETF-其他 | 0.89% | — | — | |
| 44 | SPB | Spectrum Brands Holdings Inc | 股票-其他 | 0.88% | +0.31% | — | |
| 45 | AN | Autonation Inc | 股票-循環性消費 | 0.87% | -0.13% | +20.93% | |
| 46 | GLUE | Monte Rosa Therapeutics Inc | 股票-其他 | 0.86% | +0.13% | — | |
| 47 | TDG | Transdigm Group Inc | 股票-工業 | 0.84% | -0.13% | — | |
| 48 | TXN | Texas Instruments Inc | 股票-科技 | 0.83% | -0.04% | +32.58% | |
| 49 | MSFT | Microsoft CORP | 股票-科技 | 0.81% | — | -25.49% | |
| 50 | ACGL | Arch Capital Group Ltd. | 股票-金融 | 0.80% | -0.06% | +7.48% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | KWEB | Kranesh Csi China Internet | +6.7% | +1452.51% | 加碼 |
| 2 | BIL | Ss Spdr Bb 1-3m T-bill ETF | +1.6% | +1014.05% | 加碼 |
| 3 | TSM | Taiwan Semiconductor-sp Adr | +1% | +86.19% | 加碼 |
| 4 | APH | Amphenol Corp-cl A | +0.8% | +68.88% | 加碼 |
| 5 | NVDA | Nvidia CORP | +0.5% | +64.00% | 加碼 |
| 6 | SHOP | Shopify Inc - Class A | +0.5% | +41.30% | 加碼 |
| 7 | ELV | Elevance Health Inc | +0.4% | +34.66% | 加碼 |
| 8 | GLUE | Monte Rosa Therapeutics Inc | +0.4% | — | 不變 |
| 9 | META | Meta Platforms Inc-class A | +0.3% | +47.85% | 加碼 |
| 10 | GOOG | Alphabet Inc-cl C | +0.2% | +1.49% | 加碼 |
| 11 | ROP | Roper Technologies Inc | +0.2% | +61.03% | 加碼 |
| 12 | CB | Chubb Limited | +0.1% | +27.40% | 加碼 |
| 13 | LRCX | Lam Research CORP | +0.1% | -2.41% | 減碼 |
| 14 | C | Citigroup Inc | +0.1% | +10.07% | 加碼 |
| 15 | TXN | Texas Instruments Inc | +0.1% | +32.58% | 加碼 |
| 16 | OMF | Onemain Holdings Inc | 0% | +0.60% | 加碼 |
| 17 | DASH | Doordash Inc - A | 0% | +45.61% | 加碼 |
| 18 | BLDR | Builders Firstsource Inc | 0% | +44.85% | 加碼 |
| 19 | NVS | Novartis Ag-sponsored Adr | 0% | +10.75% | 加碼 |
| 20 | PBR | Petroleo Brasileiro-spon Adr | 0% | +28.13% | 加碼 |
| 21 | PGR | Progressive CORP | 0% | +28.88% | 加碼 |
| 22 | AMZN | Amazon.com Inc | — | +11.51% | 加碼 |
| 23 | ENB | Enbridge Inc | — | +23.86% | 加碼 |
| 24 | LTCH | Latch Inc | — | — | 不變 |
| 25 | ✓ | A Spac Ii Acquisition CORP | — | — | 不變 |
| 26 | SHPWQ | Shapeways Holdings Inc | — | — | 不變 |
| 27 | ✓ | Alpha Star Acquisition CORP | 0% | — | 不變 |
| 28 | AN | Autonation Inc | 0% | +20.93% | 加碼 |
| 29 | ACGL | Arch Capital Group Ltd. | 0% | +7.48% | 加碼 |
| 30 | FSK | Fs Kkr Capital CORP | 0% | — | 不變 |
| 31 | BXSL | Blackstone Secured Lending F | 0% | — | 不變 |
| 32 | ARCC | Ares Capital CORP | -0.1% | — | 不變 |
| 33 | APO | Apollo Global Management Inc | -0.1% | — | 不變 |
| 34 | MPLX | Mplx LP | -0.1% | +1.89% | 加碼 |
| 35 | TSLX | Sixth Street Specialty Lendi | -0.1% | — | 不變 |
| 36 | TSLA | Tesla Inc | -0.1% | -2.10% | 減碼 |
| 37 | CDNS | Cadence Design Sys Inc | -0.1% | +25.50% | 加碼 |
| 38 | PM | Philip Morris International | -0.1% | +13.09% | 加碼 |
| 39 | NET | Cloudflare Inc - Class A | -0.1% | +20.81% | 加碼 |
| 40 | ARKK | Ark Innovation ETF | -0.1% | — | 不變 |
| 41 | LEN | Lennar Corp-a | -0.1% | +24.38% | 加碼 |
| 42 | UBER | Uber Technologies Inc | -0.1% | +27.45% | 加碼 |
| 43 | SLM | Slm CORP | -0.1% | +6.51% | 加碼 |
| 44 | ONL | Orion Properties Inc | -0.1% | — | 不變 |
| 45 | MELI | Mercadolibre Inc | -0.2% | +19.46% | 加碼 |
| 46 | VEA | Vanguard Ftse Developed ETF | -0.2% | — | 不變 |
| 47 | PRI | Primerica Inc | -0.2% | +0.93% | 加碼 |
| 48 | CVS | Cvs Health CORP | -0.2% | -5.64% | 減碼 |
| 49 | CPNG | Coupang Inc | -0.2% | +24.35% | 加碼 |
| 50 | IBIT | Ishares Bitcoin Trust ETF | -0.2% | +33.11% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Parkwood LLC 在 Q4 2025 季度的美股持倉總市值約為 US$14.0億，共申報了 96 個公開持股部位。
在 Q4 2025 季度，Parkwood LLC 按市值排列的前三大核心持股分別為：VTI (8.6%)、KWEB (7.3%)、VWO (5.0%)。其中最大持股部位 VTI 佔據整體投資組合約 8.6% 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
WTW
市值: US$1646.7萬
本季最大獲利了結 / 清倉標的
XBI
前期市值: US$4609.2萬
在 Q4 2025 季度中，Parkwood LLC 共進行了 104 項持倉異動，包含新建倉 34 個部位、加碼 38 個部位、減碼 8 個部位以及清倉 24 個部位。 其中最大新建倉標的為 WTW。 本季清倉部位包含 XBI。
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。