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
2549 檔
10.3%
在 Q4 2025 申報期間，Point72 Asset Management, L.P.（CIK: 0001603466）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$906.8億，共持有 2549 個公開申報部位。
Q4 2025 數據顯示 Point72 Asset Management, L.P. 積極進場，新開立 24 個部位並同步加碼 127 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 SPY, NVDA, QQQ）累計市值佔比達 10.3%，是驅動 Point72 Asset Management, L.P. 該季度整體投資組合績效表現的核心支柱。
本季最大新建倉標的
AKAM
市值: US$3.4億
本季最大獲利了結 / 清倉標的
CHD
前期市值: US$1.2億
僅顯示前 200 大持股（共 2549 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 | 3.24% | +0.38% | -44.54% | |
| 2 | NVDA | Nvidia CORP | 股票-科技 | 2.19% | -1.61% | +31.86% | |
| 3 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 1.75% | -0.84% | +37.99% | |
| 4 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 1.73% | +0.03% | +178.88% | |
| 5 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.52% | -0.13% | +76.98% | |
| 6 | AVGO | Broadcom Inc | 股票-科技 | 1.30% | -0.27% | +111.24% | |
| 7 | ANET | Arista Networks Inc | 股票-科技 | 1.28% | -0.06% | +1.05% | |
| 8 | MSFT | Microsoft CORP | 股票-科技 | 1.20% | -0.09% | -24.22% | |
| 9 | CRDO | Credo Technology Group Holding Ltd | 股票-科技 | 1.00% | +0.96% | +30.78% | |
| 10 | ASML | ASML Holding N.V. | 股票-科技 | 0.79% | +0.31% | +20.72% | |
| 11 | SPOT | Spotify Technology S.A. | 股票-通訊服務 | 0.77% | -0.31% | +196.49% | |
| 12 | SE | Sea Ltd-adr | 股票-通訊服務 | 0.75% | +0.11% | +180.21% | |
| 13 | BIIB | Biogen Inc | 股票-醫療保健 | 0.75% | -0.17% | -21.72% | |
| 14 | EQIX | Equinix Inc | 股票-房地產 | 0.70% | -0.31% | +452.31% | |
| 15 | COHR | Coherent CORP | 股票-科技 | 0.69% | -0.16% | -14.12% | |
| 16 | TER | Teradyne Inc | 股票-科技 | 0.61% | -0.62% | -30.71% | |
| 17 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 0.58% | +0.28% | +100.55% | |
| 18 | XBI | Ss Spdr S&p Biotech ETF | ETF-科技型 | 0.58% | — | +752.62% | |
| 19 | MU | Micron Technology Inc | 股票-科技 | 0.50% | +0.63% | +472.87% | |
| 20 | MDB | Mongodb Inc | 股票-科技 | 0.45% | -0.13% | -29.54% | |
| 21 | DHR | Danaher CORP | 股票-醫療保健 | 0.45% | -0.29% | +284.12% | |
| 22 | GLD | Spdr Gold Shares | ETF-避險與商品 | 0.44% | -0.29% | +891.40% | |
| 23 | ABVX | Abivax Sa-adr | 股票-其他 | 0.44% | -0.08% | -0.55% | |
| 24 | T | At&t Inc | 股票-通訊服務 | 0.42% | +0.08% | +91.87% | |
| 25 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.41% | +0.24% | +1200.77% | |
| 26 | ISRG | Intuitive Surgical Inc | 股票-醫療保健 | 0.41% | -0.41% | -2.33% | |
| 27 | PEP | Pepsico Inc | 股票-非循環性消費 | 0.40% | — | +964.65% | |
| 28 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 0.38% | -0.07% | +237.28% | |
| 29 | TDG | Transdigm Group Inc | 股票-工業 | 0.38% | -0.05% | +50696.20% | |
| 30 | TEAM | Atlassian Corp-cl A | 股票-科技 | 0.37% | +0.07% | +118.81% | |
| 31 | AKAM | Akamai Technologies Inc | 股票-科技 | 0.37% | -0.15% | — | |
| 32 | HD | Home Depot Inc | 股票-循環性消費 | 0.37% | -0.07% | +49.83% | |
| 33 | SNOW | Snowflake Inc | 股票-科技 | 0.36% | +0.79% | +7.51% | |
| 34 | ADSK | Autodesk Inc | 股票-科技 | 0.36% | -0.02% | +123.94% | |
| 35 | AMD | Advanced Micro Devices | 股票-科技 | 0.36% | +0.60% | -54.22% | |
| 36 | NWSA | News CORP - Class A | 股票-通訊服務 | 0.35% | -0.18% | +128.15% | |
| 37 | CSCO | Cisco Systems Inc | 股票-科技 | 0.35% | +0.02% | +6832.62% | |
| 38 | PFGC | Performance Food Group Co | 股票-非循環性消費 | 0.34% | -0.24% | +99.85% | |
| 39 | LULU | Lululemon Athletica Inc | 股票-循環性消費 | 0.33% | -0.12% | +2174.59% | |
| 40 | BAC | Bank Of America CORP | 股票-金融 | 0.33% | +0.02% | +23.84% | |
| 41 | CSX | Csx CORP | 股票-工業 | 0.33% | -0.04% | +30.66% | |
| 42 | SCHW | Schwab (charles) CORP | 股票-金融 | 0.33% | +0.01% | +2.55% | |
| 43 | COF | Capital One Financial CORP | 股票-金融 | 0.33% | +0.13% | +24.33% | |
| 44 | PRAX | Praxis Precision Medicines I | 股票-其他 | 0.33% | — | -33.67% | |
| 45 | DASH | Doordash Inc - A | 股票-循環性消費 | 0.32% | -0.18% | +284.75% | |
| 46 | U | Unity Software Inc | 股票-科技 | 0.31% | +0.07% | +59.50% | |
| 47 | WMB | Williams Cos Inc | 股票-能源 | 0.31% | -0.02% | +206.81% | |
| 48 | BSX | Boston Scientific CORP | 股票-醫療保健 | 0.31% | -0.43% | +11.47% | |
| 49 | V | Visa Inc-class A Shares | 股票-金融 | 0.30% | +0.13% | +2562.40% | |
| 50 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.28% | +0.43% | +2185.47% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | TSM | Taiwan Semiconductor-sp Adr | +0.9% | +178.88% | 加碼 |
| 2 | EQIX | Equinix Inc | +0.5% | +452.31% | 加碼 |
| 3 | XBI | Ss Spdr S&p Biotech ETF | +0.5% | +752.62% | 加碼 |
| 4 | AVGO | Broadcom Inc | +0.4% | +111.24% | 加碼 |
| 5 | MU | Micron Technology Inc | +0.4% | +472.87% | 加碼 |
| 6 | GLD | Spdr Gold Shares | +0.4% | +891.40% | 加碼 |
| 7 | TDG | Transdigm Group Inc | +0.4% | +50696.20% | 加碼 |
| 8 | UNH | Unitedhealth Group Inc | +0.4% | +1200.77% | 加碼 |
| 9 | PEP | Pepsico Inc | +0.3% | +964.65% | 加碼 |
| 10 | CSCO | Cisco Systems Inc | +0.3% | +6832.62% | 加碼 |
| 11 | LULU | Lululemon Athletica Inc | +0.3% | +2174.59% | 加碼 |
| 12 | AMZN | Amazon.com Inc | +0.3% | +76.98% | 加碼 |
| 13 | SPOT | Spotify Technology S.A. | +0.3% | +196.49% | 加碼 |
| 14 | DHR | Danaher CORP | +0.3% | +284.12% | 加碼 |
| 15 | V | Visa Inc-class A Shares | +0.3% | +2562.40% | 加碼 |
| 16 | JNJ | Johnson & Johnson | +0.3% | +2185.47% | 加碼 |
| 17 | TMO | Thermo Fisher Scientific Inc | +0.2% | +237.28% | 加碼 |
| 18 | C | Citigroup Inc | +0.2% | +12539.74% | 加碼 |
| 19 | ORCL | Oracle CORP | +0.2% | +3185.74% | 加碼 |
| 20 | PRAX | Praxis Precision Medicines I | +0.2% | -33.67% | 減碼 |
| 21 | JBL | Jabil Inc | +0.2% | +547.43% | 加碼 |
| 22 | SMH | Vaneck Semiconductor ETF | +0.2% | +1488.00% | 加碼 |
| 23 | LLY | Eli Lilly & Co | +0.2% | +943.45% | 加碼 |
| 24 | BLK | Blackrock Inc | +0.2% | +2345.14% | 加碼 |
| 25 | LITE | Lumentum Holdings Inc | +0.2% | +653.20% | 加碼 |
| 26 | FUTU | Futu Holdings Ltd-adr | +0.2% | +26197.57% | 加碼 |
| 27 | SE | Sea Ltd-adr | +0.2% | +180.21% | 加碼 |
| 28 | APH | Amphenol Corp-cl A | +0.2% | +664.90% | 加碼 |
| 29 | STZ | Constellation Brands Inc-a | +0.2% | +406.49% | 加碼 |
| 30 | CVS | Cvs Health CORP | +0.2% | +370.73% | 加碼 |
| 31 | VST | Vistra CORP | +0.2% | +414.68% | 加碼 |
| 32 | DASH | Doordash Inc - A | +0.2% | +284.75% | 加碼 |
| 33 | CDNS | Cadence Design Sys Inc | +0.2% | +589.86% | 加碼 |
| 34 | BMY | Bristol-myers Squibb Co | +0.2% | +449.13% | 加碼 |
| 35 | RH | Rh | +0.2% | +2025.56% | 加碼 |
| 36 | GH | Guardant Health Inc | +0.2% | +1363.82% | 加碼 |
| 37 | SFM | Sprouts Farmers Market Inc | +0.2% | +447209.00% | 加碼 |
| 38 | IWM | Ishares Russell 2000 ETF | +0.2% | +100.55% | 加碼 |
| 39 | WMB | Williams Cos Inc | +0.2% | +206.81% | 加碼 |
| 40 | UAL | United Airlines Holdings Inc | +0.2% | +199.53% | 加碼 |
| 41 | FIX | Comfort Systems USA Inc | +0.2% | +443.96% | 加碼 |
| 42 | GDX | Vaneck Gold Miners ETF | +0.2% | +517.92% | 加碼 |
| 43 | BKH | Black Hills CORP | +0.2% | +12698.40% | 加碼 |
| 44 | PLTR | Palantir Technologies Inc-a | +0.1% | +443.34% | 加碼 |
| 45 | XLV | Ss Health Care Select Sector | +0.1% | +809.88% | 加碼 |
| 46 | VOO | Vanguard S&P 500 ETF | +0.1% | +233.72% | 加碼 |
| 47 | BIDU | Baidu Inc - Spon Adr | +0.1% | +2583.59% | 加碼 |
| 48 | NFLX | Netflix Inc | +0.1% | +27693.88% | 加碼 |
| 49 | CAH | Cardinal Health Inc | +0.1% | +439.16% | 加碼 |
| 50 | AMKR | Amkor Technology Inc | +0.1% | +1728.64% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Point72 Asset Management, L.P. 在 Q4 2025 季度的美股持倉總市值約為 US$906.8億，共申報了 2549 個公開持股部位。
在 Q4 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 (3.2%)、NVDA (2.2%)、QQQ (1.8%)。其中最大持股部位 SPY 佔據整體投資組合約 3.2% 的權重。
在 Q4 2025 季度中，Point72 Asset Management, L.P. 共進行了 200 項持倉異動，包含新建倉 24 個部位、加碼 127 個部位、減碼 45 個部位以及清倉 4 個部位。 其中最大新建倉標的為 AKAM。 本季清倉部位包含 CHD。
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。