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: 0001908623
申報總市值
US$309.8萬
US$309.8萬
280 檔
23.5%
在 Q4 2025 申報期間，PayPay Securities Corp（CIK: 0001908623）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$309.8萬，共持有 280 個公開申報部位。
PayPay Securities Corp 於 Q4 2025 展現出進攻型調倉步調，本季推動了 1 檔股票的新建倉與 45 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 GLD, V32S, SOXL）累計市值佔比達 23.5%，是驅動 PayPay Securities Corp 該季度整體投資組合績效表現的核心支柱。
僅顯示前 200 大持股（共 280 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 | GLD | Spdr Gold Shares | ETF-避險與商品 | 5.62% | -1.36% | -27.37% | |
| 2 | V32S | Direxion Daily Semi Bear 3x | ETF-其他 | 5.01% | — | +169.25% | |
| 3 | SOXL | Direx Dail Semi Bu 3x Et-usd | ETF-其他 | 4.69% | -4.38% | +28.28% | |
| 4 | SPXS | Direx Dai Semi Be 3x Etf-usd | ETF-其他 | 3.13% | +2.56% | +145.15% | |
| 5 | AAPL | Apple Inc | 股票-科技 | 2.91% | +0.20% | +52.08% | |
| 6 | NVDA | Nvidia CORP | 股票-科技 | 2.89% | +0.31% | +107.45% | |
| 7 | SQQQ | Proshares Ultrapro Short Qqq | ETF-其他 | 2.89% | +0.67% | — | |
| 8 | SPXL | Direxion Daily S&p 500 Bull | ETF-大型股與成長 | 2.55% | -1.03% | -69.85% | |
| 9 | MSFT | Microsoft CORP | 股票-科技 | 2.45% | -0.36% | +22.70% | |
| 10 | NVDD | Direxion Daily Nvda Bear 1x | ETF-其他 | 2.36% | +0.14% | +25.57% | |
| 11 | GGLS | Direxion Daily Googl Bear 1x | ETF-其他 | 2.35% | +10.79% | +289.52% | |
| 12 | ✓ | Direxion Shs ETF Tr | ETF-其他 | 2.27% | — | +103.60% | |
| 13 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 2.25% | -0.02% | +23.74% | |
| 14 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 2.09% | -0.41% | +70.59% | |
| 15 | TQQQ | Proshares Ultrapro Qqq | ETF-其他 | 2.06% | -0.91% | +238.17% | |
| 16 | AMZD | Direxion Daily Amzn Bear 1x | ETF-其他 | 1.89% | +0.16% | +69.08% | |
| 17 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 1.86% | -0.28% | +14.81% | |
| 18 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.61% | -0.17% | -5.20% | |
| 19 | AAPD | Direxion Daily Aapl Bear 1x | ETF-其他 | 1.41% | -0.06% | +27.62% | |
| 20 | TSLL | Dirx Dly Tsla Bul 2x Etf-aui | ETF-其他 | 1.31% | -0.19% | +143.14% | |
| 21 | AVGO | Broadcom Inc | 股票-科技 | 1.21% | -0.14% | +88.89% | |
| 22 | MSFD | Dirxn Dly Msft Bear 1x E-usi | ETF-其他 | 1.18% | +0.07% | +88.07% | |
| 23 | GGLL | Direxion Daily Googl Bull 2x | ETF-其他 | 1.16% | -0.36% | +93.84% | |
| 24 | NVDU | Direxion Daily Nvda Bull 2x | ETF-其他 | 1.15% | -0.22% | +52.51% | |
| 25 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.99% | -0.21% | +27.50% | |
| 26 | AMZU | Dire Dly Amzn Bul 2x Etf-usd | ETF-其他 | 0.92% | -0.40% | -7.68% | |
| 27 | TSLA | Tesla Inc | 股票-循環性消費 | 0.87% | — | +32.00% | |
| 28 | V | Visa Inc-class A Shares | 股票-金融 | 0.77% | +0.02% | +102.70% | |
| 29 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.72% | -0.25% | +40.74% | |
| 30 | AAPU | Direxion Daily Aapl Bull 2x | ETF-其他 | 0.70% | -0.11% | +13.12% | |
| 31 | MA | Mastercard Inc - A | 股票-金融 | 0.67% | -0.03% | +122.22% | |
| 32 | LABU | Drxn Dly S&p Bt Bl 3x Etf-ui | ETF-其他 | 0.65% | -0.38% | -5.41% | |
| 33 | NFLX | Netflix Inc | 股票-通訊服務 | 0.65% | +0.01% | +2544.44% | |
| 34 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.63% | +0.15% | +33.33% | |
| 35 | MSFU | Direxion Daily Msft Bull 2x | ETF-其他 | 0.58% | +0.10% | +146.35% | |
| 36 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.56% | -0.45% | +26.67% | |
| 37 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.56% | -0.51% | +120.00% | |
| 38 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.55% | -0.33% | +156.86% | |
| 39 | HD | Home Depot Inc | 股票-循環性消費 | 0.52% | -0.35% | +147.62% | |
| 40 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.47% | -0.33% | +79.07% | |
| 41 | LABD | Dire Dly Sp Bt Be 3x Etf-usd | ETF-其他 | 0.47% | -0.14% | +132.72% | |
| 42 | VIG | Vanguard Dividend Apprec ETF | ETF-其他 | 0.46% | -0.05% | +56.52% | |
| 43 | VT | Vanguard Tot World Stk ETF | ETF-其他 | 0.46% | -0.07% | +51.35% | |
| 44 | VTI | Vanguard Total Stock Mkt ETF | ETF-其他 | 0.46% | -0.07% | +51.61% | |
| 45 | PEP | Pepsico Inc | 股票-非循環性消費 | 0.44% | -0.05% | +235.48% | |
| 46 | TMV | Dir Da 20+yr Tre Be 3x Etf-u | ETF-其他 | 0.43% | -0.02% | +13.75% | |
| 47 | XOM | Exxon Mobil CORP | 股票-能源 | 0.42% | -0.46% | -7.03% | |
| 48 | VYM | Vanguard High Dvd Yield ETF | ETF-其他 | 0.42% | -0.14% | +2.06% | |
| 49 | T | At&t Inc | 股票-通訊服務 | 0.40% | -0.03% | +119.76% | |
| 50 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.37% | +0.20% | +86.84% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | SPXS | Direx Dai Semi Be 3x Etf-usd | +1.5% | +145.15% | 加碼 |
| 2 | GGLS | Direxion Daily Googl Bear 1x | +1.4% | +289.52% | 加碼 |
| 3 | V32S | Direxion Daily Semi Bear 3x | +1.2% | +169.25% | 加碼 |
| 4 | NVDA | Nvidia CORP | +1.2% | +107.45% | 加碼 |
| 5 | SOXL | Direx Dail Semi Bu 3x Et-usd | +1% | +28.28% | 加碼 |
| 6 | ✓ | Direxion Shs ETF Tr | +0.8% | +103.60% | 加碼 |
| 7 | AAPL | Apple Inc | +0.7% | +52.08% | 加碼 |
| 8 | GGLL | Direxion Daily Googl Bull 2x | +0.7% | +93.84% | 加碼 |
| 9 | QQQ | Invesco Qqq Trust Series 1 | +0.6% | +70.59% | 加碼 |
| 10 | TQQQ | Proshares Ultrapro Qqq | +0.6% | +238.17% | 加碼 |
| 11 | TSLL | Dirx Dly Tsla Bul 2x Etf-aui | +0.6% | +143.14% | 加碼 |
| 12 | GOOGL | Alphabet Inc-cl A | +0.5% | +23.74% | 加碼 |
| 13 | AVGO | Broadcom Inc | +0.5% | +88.89% | 加碼 |
| 14 | MSFD | Dirxn Dly Msft Bear 1x E-usi | +0.5% | +88.07% | 加碼 |
| 15 | AMZD | Direxion Daily Amzn Bear 1x | +0.4% | +69.08% | 加碼 |
| 16 | V | Visa Inc-class A Shares | +0.3% | +102.70% | 加碼 |
| 17 | MA | Mastercard Inc - A | +0.3% | +122.22% | 加碼 |
| 18 | UPS | United Parcel Service-cl B | +0.3% | +555.56% | 加碼 |
| 19 | PEP | Pepsico Inc | +0.3% | +235.48% | 加碼 |
| 20 | CL | Colgate-palmolive Co | +0.3% | +694.44% | 加碼 |
| 21 | YUM | Yum! Brands Inc | +0.3% | +1066.67% | 加碼 |
| 22 | PG | Procter & Gamble Co/the | +0.3% | +156.86% | 加碼 |
| 23 | KHC | Kraft Heinz Co/the | +0.3% | +1030.77% | 加碼 |
| 24 | MO | Altria Group Inc | +0.3% | +467.57% | 加碼 |
| 25 | CPB | THE Campbell's Company | +0.3% | +1063.64% | 加碼 |
| 26 | URI | United Rentals Inc | +0.3% | +400.00% | 加碼 |
| 27 | ZTS | Zoetis Inc | +0.3% | +844.44% | 加碼 |
| 28 | MU | Micron Technology Inc | +0.3% | +120.00% | 加碼 |
| 29 | RACE | Ferrari N.V. | +0.3% | +625.00% | 加碼 |
| 30 | NFLX | Netflix Inc | +0.2% | +2544.44% | 加碼 |
| 31 | COST | Costco Wholesale CORP | +0.2% | +120.00% | 加碼 |
| 32 | MSFU | Direxion Daily Msft Bull 2x | +0.2% | +146.35% | 加碼 |
| 33 | HD | Home Depot Inc | +0.2% | +147.62% | 加碼 |
| 34 | LLY | Eli Lilly & Co | +0.2% | +33.33% | 加碼 |
| 35 | COIN | Coinbase Global Inc -class A | +0.2% | +720.00% | 加碼 |
| 36 | INTC | Intel CORP | +0.2% | +266.20% | 加碼 |
| 37 | NKE | Nike Inc -cl B | +0.2% | +292.11% | 加碼 |
| 38 | KO | Coca-cola Co/the | +0.2% | +79.07% | 加碼 |
| 39 | LABU | Drxn Dly S&p Bt Bl 3x Etf-ui | +0.2% | -5.41% | 減碼 |
| 40 | NVDU | Direxion Daily Nvda Bull 2x | +0.1% | +52.51% | 加碼 |
| 41 | JPM | Jpmorgan Chase & Co | +0.1% | +40.74% | 加碼 |
| 42 | TSLA | Tesla Inc | +0.1% | +32.00% | 加碼 |
| 43 | NVDD | Direxion Daily Nvda Bear 1x | 0% | +25.57% | 加碼 |
| 44 | AAPD | Direxion Daily Aapl Bear 1x | 0% | +27.62% | 加碼 |
| 45 | SPY | Ss Spdr S&p 500 ETF Trust-us | -0.1% | +14.81% | 加碼 |
| 46 | MSFT | Microsoft CORP | -0.2% | +22.70% | 加碼 |
| 47 | GLD | Spdr Gold Shares | -2.9% | -27.37% | 減碼 |
| 48 | SPXL | Direxion Daily S&p 500 Bull | -7.4% | -69.85% | 減碼 |
| 49 | SQQQ | ProShares UltraPro Short QQQ | — | EXIT | 清倉 |
| 50 | SQQQ | Proshares Ultrapro Short Qqq | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，PayPay Securities Corp 在 Q4 2025 季度的美股持倉總市值約為 US$309.8萬，共申報了 280 個公開持股部位。
在 Q4 2025 季度，PayPay Securities Corp 按市值排列的前三大核心持股分別為：GLD (5.6%)、V32S (5.0%)、SOXL (4.7%)。其中最大持股部位 GLD 佔據整體投資組合約 5.6% 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
SQQQ
市值: US$9.8萬
本季最大獲利了結 / 清倉標的
SQQQ
前期市值: US$25.4萬
在 Q4 2025 季度中，PayPay Securities Corp 共進行了 50 項持倉異動，包含新建倉 1 個部位、加碼 45 個部位、減碼 3 個部位以及清倉 1 個部位。 其中最大新建倉標的為 SQQQ。 本季清倉部位包含 SQQQ。
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。