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: 0001603466
申報總市值
US$906.8億
US$906.8億
1669 檔
11.6%
根據最新整理的 13F 季度數據集，Point72 Asset Management, L.P. 於 Q3 2025 結束時的管理資產規模為 US$906.8億。該機構在本季度申報了 1669 檔美股持倉，呈現出該時期的主要投資地圖。
在 Q3 2025，Point72 Asset Management, L.P. 操作展現出積極擴展與加碼意向。本季共新建倉 29 個新部位，並對 86 個既有持股進行加碼（合計增持 115 檔），相較減碼與清倉部位顯著佔優。
整體而言，Point72 Asset Management, L.P. 的前 5 大持股（包含 SPY, MSFT, NVDA）貢獻了組合市值的 11.6%，形成該機構在 Q3 2025 季度的基本面基石。
本季最大新建倉標的
AMAT
市值: US$1.8億
本季最大獲利了結 / 清倉標的
ADI
前期市值: US$3.4億
僅顯示前 200 大持股（共 1669 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 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 8.55% | +0.38% | +89.30% | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 2.54% | -0.09% | +12.41% | |
| 3 | NVDA | Nvidia CORP | 股票-科技 | 2.49% | -1.61% | +5.68% | |
| 4 | ANET | Arista Networks Inc | 股票-科技 | 2.12% | -0.06% | -4.96% | |
| 5 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 1.85% | -0.84% | +1085.86% | |
| 6 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.22% | -0.13% | -34.56% | |
| 7 | CRDO | Credo Technology Group Holding Ltd | 股票-科技 | 1.15% | +0.96% | +15.33% | |
| 8 | BIIB | Biogen Inc | 股票-醫療保健 | 1.14% | -0.17% | +19.38% | |
| 9 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.14% | -0.30% | +231.69% | |
| 10 | TER | Teradyne Inc | 股票-科技 | 0.94% | -0.62% | +1370.82% | |
| 11 | AMD | Advanced Micro Devices | 股票-科技 | 0.88% | +0.60% | +49.34% | |
| 12 | ASML | ASML Holding N.V. | 股票-科技 | 0.88% | +0.31% | +1209.29% | |
| 13 | AVGO | Broadcom Inc | 股票-科技 | 0.88% | -0.27% | +188.12% | |
| 14 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 0.85% | +0.03% | +23.80% | |
| 15 | ABNB | Airbnb Inc-class A | 股票-循環性消費 | 0.76% | -0.14% | +279.77% | |
| 16 | COHR | Coherent CORP | 股票-科技 | 0.71% | -0.16% | -3.62% | |
| 17 | MDB | Mongodb Inc | 股票-科技 | 0.70% | -0.13% | -30.54% | |
| 18 | STX 3.5 06-01-28債券 | Seagate Hdd Cayman | 債券 | 0.63% | — | +9.91% | |
| 19 | TMUS | T-mobile US Inc | 股票-通訊服務 | 0.61% | -0.18% | +2671.07% | |
| 20 | XYZ | Block Inc | 股票-金融 | 0.60% | -0.08% | -17.46% | |
| 21 | UNP | Union Pacific CORP | 股票-工業 | 0.58% | +0.19% | +93.57% | |
| 22 | 8QR | Confluent Inc-class A | 股票-其他 | 0.57% | — | +10.14% | |
| 23 | SE | Sea Ltd-adr | 股票-通訊服務 | 0.56% | +0.11% | -36.60% | |
| 24 | SNOW | Snowflake Inc | 股票-科技 | 0.52% | +0.79% | -52.64% | |
| 25 | ISRG | Intuitive Surgical Inc | 股票-醫療保健 | 0.49% | -0.41% | +65.33% | |
| 26 | HPE | Hewlett Packard Enterprise | 股票-科技 | 0.49% | +0.12% | +1169.63% | |
| 27 | FN | Fabrinet | 股票-科技 | 0.48% | -0.09% | +43.49% | |
| 28 | VRSN | Verisign Inc | 股票-科技 | 0.47% | -0.05% | +95.63% | |
| 29 | SPOT | Spotify Technology S.A. | 股票-通訊服務 | 0.47% | -0.31% | +36261.09% | |
| 30 | SCHW | Schwab (charles) CORP | 股票-金融 | 0.46% | +0.01% | +47.48% | |
| 31 | HD | Home Depot Inc | 股票-循環性消費 | 0.44% | -0.07% | +58911.00% | |
| 32 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 0.43% | +0.28% | +197.58% | |
| 33 | BSX | Boston Scientific CORP | 股票-醫療保健 | 0.42% | -0.43% | +4.10% | |
| 34 | SPGI | S&p Global Inc | 股票-金融 | 0.42% | +0.02% | +8.12% | |
| 35 | ABVX | Abivax Sa-adr | 股票-其他 | 0.42% | -0.08% | +1642.45% | |
| 36 | WMT | Walmart Inc | 股票-非循環性消費 | 0.38% | +0.01% | +115.76% | |
| 37 | BAC | Bank Of America CORP | 股票-金融 | 0.37% | +0.02% | -9.09% | |
| 38 | T | At&t Inc | 股票-通訊服務 | 0.37% | +0.08% | -6.93% | |
| 39 | CVNA | Carvana Co | 股票-循環性消費 | 0.37% | -0.08% | +80.73% | |
| 40 | CSX | Csx CORP | 股票-工業 | 0.37% | -0.04% | +920.39% | |
| 41 | COF | Capital One Financial CORP | 股票-金融 | 0.35% | +0.13% | -7.52% | |
| 42 | TSEM | Tower Semiconductor Ltd. | 股票-科技 | 0.34% | -0.01% | -57.05% | |
| 43 | PCG | P G & E CORP | 股票-公用事業 | 0.34% | -0.13% | -25.09% | |
| 44 | JD | Jd.com Inc-adr | 股票-循環性消費 | 0.33% | -0.04% | +435.39% | |
| 45 | RGEN | Repligen CORP | 股票-醫療保健 | 0.32% | -0.07% | -24.70% | |
| 46 | ETR | Entergy CORP | 股票-公用事業 | 0.31% | -0.05% | +24.86% | |
| 47 | KDP | Keurig Dr Pepper Inc | 股票-非循環性消費 | 0.30% | +0.48% | +99.55% | |
| 48 | AMAT | Applied Materials Inc | 股票-科技 | 0.30% | -0.21% | +457.71% | |
| 49 | BFAM | Bright Horizons Family Solut | 股票-循環性消費 | 0.30% | +0.01% | +40.77% | |
| 50 | EVRG 4.5 12-15-27債券 | Evergy Inc | 債券 | 0.29% | -0.04% | +45.83% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | SPY | Ss Spdr S&p 500 ETF Trust-us | +2.6% | +89.30% | 加碼 |
| 2 | NVDA | Nvidia CORP | +1.8% | +5.68% | 加碼 |
| 3 | ANET | Arista Networks Inc | +1.8% | -4.96% | 加碼 |
| 4 | QQQ | Invesco Qqq Trust Series 1 | +1.5% | +1085.86% | 加碼 |
| 5 | MSFT | Microsoft CORP | +1.2% | +12.41% | 加碼 |
| 6 | BIIB | Biogen Inc | +1% | +19.38% | 加碼 |
| 7 | TER | Teradyne Inc | +0.9% | +1370.82% | 加碼 |
| 8 | ASML | ASML Holding N.V. | +0.8% | +1209.29% | 加碼 |
| 9 | ABNB | Airbnb Inc-class A | +0.7% | +279.77% | 加碼 |
| 10 | STX 3.5 06-01-28債券 | Seagate Hdd Cayman | +0.6% | +9.91% | 加碼 |
| 11 | CRDO | Credo Technology Group Holding Ltd | +0.6% | +15.33% | 減碼 |
| 12 | TMUS | T-mobile US Inc | +0.5% | +2671.07% | 加碼 |
| 13 | UNP | Union Pacific CORP | +0.5% | +93.57% | 加碼 |
| 14 | 8QR | Confluent Inc-class A | +0.5% | +10.14% | 加碼 |
| 15 | HPE | Hewlett Packard Enterprise | +0.5% | +1169.63% | 加碼 |
| 16 | AVGO | Broadcom Inc | +0.5% | +188.12% | 加碼 |
| 17 | HD | Home Depot Inc | +0.4% | +58911.00% | 加碼 |
| 18 | ABVX | Abivax Sa-adr | +0.4% | +1642.45% | 加碼 |
| 19 | SPGI | S&p Global Inc | +0.4% | +8.12% | 加碼 |
| 20 | XYZ | Block Inc | +0.4% | -17.46% | 加碼 |
| 21 | CSX | Csx CORP | +0.4% | +920.39% | 加碼 |
| 22 | T | At&t Inc | +0.4% | -6.93% | 加碼 |
| 23 | FN | Fabrinet | +0.4% | +43.49% | 加碼 |
| 24 | WMT | Walmart Inc | +0.3% | +115.76% | 加碼 |
| 25 | AMD | Advanced Micro Devices | +0.3% | +49.34% | 加碼 |
| 26 | TRGP | Targa Resources CORP | +0.3% | +10.13% | 加碼 |
| 27 | CELH | Celsius Holdings Inc | +0.3% | +130.32% | 加碼 |
| 28 | MCO | Moody's CORP | +0.3% | +8215.98% | 加碼 |
| 29 | CDTX | Cidara Therapeutics Inc | +0.2% | +3.28% | 加碼 |
| 30 | BP | Bp Plc-spons Adr | +0.2% | +1541.43% | 加碼 |
| 31 | TRU | Transunion | +0.2% | +940.27% | 加碼 |
| 32 | ROST | Ross Stores Inc | +0.2% | -20.74% | 加碼 |
| 33 | WST | West Pharmaceutical Services | +0.2% | +93.92% | 加碼 |
| 34 | H | Hyatt Hotels CORP - Cl A | +0.2% | +9.28% | 加碼 |
| 35 | NWSA | News CORP - Class A | +0.2% | +3094.94% | 加碼 |
| 36 | U | Unity Software Inc | +0.2% | -3.20% | 加碼 |
| 37 | INTC | Intel CORP | +0.2% | +53.93% | 加碼 |
| 38 | TXRH | Texas Roadhouse Inc | +0.2% | +85074.91% | 加碼 |
| 39 | ETSY | Etsy Inc | +0.2% | +300.00% | 加碼 |
| 40 | SNOW | Snowflake Inc | +0.2% | -52.64% | 加碼 |
| 41 | POST 2.5 08-15-27債券 | Post Holdings Inc | +0.2% | +96.58% | 加碼 |
| 42 | AEP | American Electric Power | +0.2% | +5552.08% | 加碼 |
| 43 | META | Meta Platforms Inc-class A | +0.2% | +231.69% | 加碼 |
| 44 | COHR | Coherent CORP | +0.2% | -3.62% | 加碼 |
| 45 | MRK | Merck & Co. Inc. | +0.2% | +479.67% | 加碼 |
| 46 | GD | General Dynamics CORP | +0.2% | +850.60% | 加碼 |
| 47 | WDC | Western Digital CORP | +0.2% | +14.17% | 加碼 |
| 48 | DXCM | Dexcom Inc | +0.2% | +1875.31% | 加碼 |
| 49 | TEAM | Atlassian Corp-cl A | +0.2% | +3476.97% | 加碼 |
| 50 | GME | Gamestop Corp-class A | +0.2% | +15.25% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Point72 Asset Management, L.P. 在 Q3 2025 季度的美股持倉總市值約為 US$906.8億，共申報了 1669 個公開持股部位。
在 Q3 2025 季度，Point72 Asset Management, L.P. 按市值排列的前三大核心持股分別為：SPY (8.6%)、MSFT (2.5%)、NVDA (2.5%)。其中最大持股部位 SPY 佔據整體投資組合約 8.6% 的權重。
在 Q3 2025 季度中，Point72 Asset Management, L.P. 共進行了 200 項持倉異動，包含新建倉 29 個部位、加碼 86 個部位、減碼 65 個部位以及清倉 20 個部位。 其中最大新建倉標的為 AMAT。 本季清倉部位包含 ADI。
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。
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。
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。