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: 0001593324
申報總市值
US$130.2億
US$130.2億
1062 檔
6.4%
截至 Q4 2025 季度末，Penserra Capital Management LLC 的美股持倉估值約為 US$130.2億，全數申報部位共有 1062 檔。
Penserra Capital Management LLC 在 Q4 2025 進行了結構性的板塊輪動與部位換股。在開立 27 個全新部位及加碼 75 檔持股的同時，亦同步清倉 28 檔並減碼 70 檔標的。
整體而言，Penserra Capital Management LLC 的前 5 大持股（包含 AVGO, CSCO, NOC）貢獻了組合市值的 6.4%，形成該機構在 Q4 2025 季度的基本面基石。
僅顯示前 200 大持股（共 1062 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 | AVGO | Broadcom Inc | 股票-科技 | 2.53% | -0.25% | -29.04% | |
| 2 | CSCO | Cisco Systems Inc | 股票-科技 | 2.41% | -0.13% | +5.94% | |
| 3 | NOC | Northrop Grumman CORP | 股票-工業 | 1.84% | -0.23% | +5.88% | |
| 4 | NET | Cloudflare Inc - Class A | 股票-科技 | 1.68% | -0.22% | +6.01% | |
| 5 | PANW | Palo Alto Networks Inc | 股票-科技 | 1.38% | +0.05% | -5.84% | |
| 6 | VGSH | Vanguard Short-term Treasury | ETF-政府公債 | 1.33% | — | +50.97% | |
| 7 | GD | General Dynamics CORP | 股票-工業 | 1.32% | -0.12% | -8.57% | |
| 8 | CRWD | Crowdstrike Holdings Inc - A | 股票-科技 | 1.30% | -0.10% | -19.98% | |
| 9 | FTNT | Fortinet Inc | 股票-科技 | 1.22% | -0.04% | -5.03% | |
| 10 | FFIV | F5 Inc | 股票-科技 | 1.20% | -0.13% | +27.79% | |
| 11 | RBRK | Rubrik Inc-a | 股票-科技 | 1.18% | -0.03% | +39.09% | |
| 12 | OKTA | Okta Inc | 股票-科技 | 1.12% | -0.11% | +18.78% | |
| 13 | GEN | Gen Digital Inc | 股票-科技 | 1.10% | -0.04% | +16.06% | |
| 14 | CHKP | Check Point Software Technologies Ltd. | 股票-科技 | 1.09% | -0.15% | +5.25% | |
| 15 | VXUS | Vanguard Total Intl Stock | ETF-其他 | 1.06% | — | +149.59% | |
| 16 | ZS | Zscaler Inc | 股票-科技 | 1.04% | -0.12% | +8.99% | |
| 17 | NVDA | Nvidia CORP | 股票-科技 | 1.01% | -0.09% | +1.14% | |
| 18 | RDWR | Radware Ltd. | 股票-其他 | 0.90% | -0.26% | +23.15% | |
| 19 | ATEN | A10 Networks Inc | 股票-其他 | 0.90% | -0.09% | +16.45% | |
| 20 | VRNS | Varonis Systems Inc | 股票-科技 | 0.89% | +0.08% | +80.07% | |
| 21 | S | Sentinelone Inc -class A | 股票-科技 | 0.87% | -0.10% | +23.72% | |
| 22 | QLYS | Qualys Inc | 股票-科技 | 0.86% | +0.06% | +6.06% | |
| 23 | SPYM | Ste Str Spdr Pt S&p 500 ETF | ETF-大型股與成長 | 0.86% | -0.03% | -23.77% | |
| 24 | TENB | Tenable Holdings Inc | 股票-其他 | 0.77% | +0.17% | +26.34% | |
| 25 | PDEC | Innovator U.s. Equity Power | ETF-其他 | 0.75% | -0.20% | -2.70% | |
| 26 | PFEB | Innovator U.s. Equity Power | ETF-其他 | 0.74% | -0.20% | -2.04% | |
| 27 | PJAN | Innovator U.s. Equity Power | ETF-其他 | 0.74% | -0.20% | -1.98% | |
| 28 | PMAR | Innovator U.s. Equity Power | ETF-其他 | 0.74% | -0.21% | -1.47% | |
| 29 | POCT | Innovator U.s. Equity Power | ETF-其他 | 0.74% | -0.19% | -1.80% | |
| 30 | PJUL | Innovator U.s. Equity Power | ETF-其他 | 0.74% | -0.21% | -3.91% | |
| 31 | PAUG | Innovator U.s. Equity Power | ETF-其他 | 0.74% | -0.20% | -3.03% | |
| 32 | PSEP | Innovator U.s. Equity Power | ETF-其他 | 0.74% | -0.20% | -2.48% | |
| 33 | PAPR | Innovator U.s. Equity Power | ETF-其他 | 0.74% | -0.23% | +0.65% | |
| 34 | PJUN | Innovator U.s. Equity Power | ETF-其他 | 0.74% | -0.22% | -2.39% | |
| 35 | PMAY | Innovator U.s. Equity Power | ETF-其他 | 0.74% | -0.23% | -0.26% | |
| 36 | PNOV | Innovator U.s. Equity Power | ETF-其他 | 0.73% | -0.18% | -1.96% | |
| 37 | RPD | Rapid7 Inc | 股票-其他 | 0.73% | — | +50.64% | |
| 38 | FSLY | Fastly Inc - Class A | 股票-科技 | 0.71% | -0.56% | -19.40% | |
| 39 | QCOM | Qualcomm Inc | 股票-科技 | 0.70% | +0.13% | +12.64% | |
| 40 | ORCL | Oracle CORP | 股票-科技 | 0.70% | -0.06% | +9.29% | |
| 41 | NOK | Nokia Corp-spon Adr | 股票-科技 | 0.68% | -0.12% | +14.41% | |
| 42 | MU | Micron Technology Inc | 股票-科技 | 0.64% | +0.09% | -35.54% | |
| 43 | MRVL | Marvell Technology Inc | 股票-科技 | 0.64% | +0.25% | +3.58% | |
| 44 | RTX | Rtx CORP | 股票-工業 | 0.57% | +0.07% | +22.96% | |
| 45 | ALAB | Astera Labs Inc | 股票-科技 | 0.57% | +0.45% | +551.63% | |
| 46 | AMD | Advanced Micro Devices | 股票-科技 | 0.56% | +0.23% | -24.15% | |
| 47 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 0.56% | +0.06% | -22.78% | |
| 48 | LRCX | Lam Research CORP | 股票-科技 | 0.56% | +0.13% | -22.44% | |
| 49 | BSV | Vanguard Short-term Bond ETF | ETF-其他 | 0.55% | — | -17.24% | |
| 50 | SNOW | Snowflake Inc | 股票-科技 | 0.55% | +0.22% | +37.48% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | VXUS | Vanguard Total Intl Stock | +0.6% | +149.59% | 加碼 |
| 2 | ALAB | Astera Labs Inc | +0.5% | +551.63% | 加碼 |
| 3 | VGSH | Vanguard Short-term Treasury | +0.4% | +50.97% | 加碼 |
| 4 | CRWV | Coreweave Inc-cl A | +0.4% | +33777.52% | 加碼 |
| 5 | CSCO | Cisco Systems Inc | +0.4% | +5.94% | 加碼 |
| 6 | RBRK | Rubrik Inc-a | +0.3% | +39.09% | 加碼 |
| 7 | NOK | Nokia Corp-spon Adr | +0.2% | +14.41% | 加碼 |
| 8 | CRM | Salesforce Inc | +0.2% | +50.33% | 加碼 |
| 9 | ACN | Accenture plc | +0.2% | +59.02% | 加碼 |
| 10 | HON | Honeywell International Inc | +0.2% | +69.65% | 加碼 |
| 11 | WIT | Wipro Ltd-adr | +0.2% | +49.53% | 加碼 |
| 12 | STM | Stmicroelectronics Nv-ny Shs | +0.2% | +63.58% | 加碼 |
| 13 | IBM | Intl Business Machines CORP | +0.1% | +33.47% | 加碼 |
| 14 | RTX | Rtx CORP | +0.1% | +22.96% | 加碼 |
| 15 | LMT | Lockheed Martin CORP | +0.1% | +41.76% | 加碼 |
| 16 | ON | On Semiconductor | +0.1% | +31.28% | 加碼 |
| 17 | SNOW | Snowflake Inc | +0.1% | +37.48% | 加碼 |
| 18 | TDC | Teradata CORP | +0.1% | +0.96% | 加碼 |
| 19 | NTNX | Nutanix Inc - A | +0.1% | +97.20% | 加碼 |
| 20 | RPD | Rapid7 Inc | +0.1% | +50.64% | 加碼 |
| 21 | MCHP | Microchip Technology Inc | +0.1% | +42.96% | 加碼 |
| 22 | TXN | Texas Instruments Inc | +0.1% | +47.08% | 加碼 |
| 23 | GSAT | Globalstar Inc | +0.1% | -2.12% | 減碼 |
| 24 | OKTA | Okta Inc | +0.1% | +18.78% | 加碼 |
| 25 | VOO | Vanguard S&P 500 ETF | +0.1% | +51.90% | 加碼 |
| 26 | GEN | Gen Digital Inc | +0.1% | +16.06% | 加碼 |
| 27 | ATEN | A10 Networks Inc | +0.1% | +16.45% | 加碼 |
| 28 | MSFT | Microsoft CORP | +0.1% | +34.19% | 加碼 |
| 29 | BAH | Booz Allen Hamilton Holdings | +0.1% | +55.87% | 加碼 |
| 30 | ADI | Analog Devices Inc | +0.1% | +16.27% | 加碼 |
| 31 | QCOM | Qualcomm Inc | +0.1% | +12.64% | 加碼 |
| 32 | RDWR | Radware Ltd. | +0.1% | +23.15% | 加碼 |
| 33 | NVEC | Nve CORP | +0.1% | +45.84% | 加碼 |
| 34 | NXPI | NXP Semiconductors N.V. | +0.1% | +32.36% | 加碼 |
| 35 | ASTS | Ast Spacemobile Inc | +0.1% | -11.05% | 減碼 |
| 36 | MRCY | Mercury Systems Inc | +0.1% | +4203.69% | 加碼 |
| 37 | RKLB | Rocket Lab CORP | +0.1% | +14.75% | 加碼 |
| 38 | RDDT | Reddit Inc-cl A | +0.1% | +165.55% | 加碼 |
| 39 | FSLR | First Solar Inc | +0.1% | +3350.35% | 加碼 |
| 40 | MU | Micron Technology Inc | +0.1% | -35.54% | 減碼 |
| 41 | LNG | Cheniere Energy Inc | +0.1% | +115047.62% | 加碼 |
| 42 | SNPS | Synopsys Inc | +0.1% | +19.05% | 加碼 |
| 43 | CDNS | Cadence Design Sys Inc | +0.1% | +27.97% | 加碼 |
| 44 | ISRG | Intuitive Surgical Inc | +0.1% | +764.38% | 加碼 |
| 45 | KLAC | Kla CORP | +0.1% | -0.79% | 減碼 |
| 46 | VSAT | Viasat Inc | +0.1% | +8.40% | 加碼 |
| 47 | AMAT | Applied Materials Inc | +0.1% | -11.25% | 減碼 |
| 48 | ECHO | Echostar Corp-a | +0.1% | +15.67% | 加碼 |
| 49 | QLYS | Qualys Inc | 0% | +6.06% | 加碼 |
| 50 | VIAV | Viavi Solutions Inc | 0% | -2.05% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Penserra Capital Management LLC 在 Q4 2025 季度的美股持倉總市值約為 US$130.2億，共申報了 1062 個公開持股部位。
在 Q4 2025 季度，Penserra Capital Management LLC 按市值排列的前三大核心持股分別為：AVGO (2.5%)、CSCO (2.4%)、NOC (1.8%)。其中最大持股部位 AVGO 佔據整體投資組合約 2.5% 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
BTQ
市值: US$3079.6萬
本季最大獲利了結 / 清倉標的
CYBERARK SOFTWARE LTD. CMN
前期市值: US$1.0億
在 Q4 2025 季度中，Penserra Capital Management LLC 共進行了 200 項持倉異動，包含新建倉 27 個部位、加碼 75 個部位、減碼 70 個部位以及清倉 28 個部位。 其中最大新建倉標的為 BTQ。 本季清倉部位包含 CYBERARK SOFTWARE LTD. CMN。
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。