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: 0001837309
申報總市值
US$423.5億
US$423.5億
270 檔
10.7%
在 Q2 2025 的 13F 官方備案中，Polar Capital Holdings Plc 管理的美股投資組合規模來到 US$423.5億，整體持股檔數為 270 檔。
觀察 Q2 2025 的資金脈絡，Polar Capital Holdings Plc 在獲利結算 28 檔個股的同時，將資本重新部署至 25 檔新選標的，展現主動管理機構的輪動節奏。
從部位權重觀察，前 5 大標的（包含 NVDA, META, AVGO）累計市值佔比達 10.7%，是驅動 Polar Capital Holdings Plc 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 270 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 | NVDA | Nvidia CORP | 股票-科技 | 8.08% | -0.78% | +1.95% | |
| 2 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 5.31% | -0.88% | -11.31% | |
| 3 | AVGO | Broadcom Inc | 股票-科技 | 4.35% | -1.26% | +27.19% | |
| 4 | MSFT | Microsoft CORP | 股票-科技 | 3.66% | +0.56% | +14.25% | |
| 5 | AMD | Advanced Micro Devices | 股票-科技 | 2.35% | +1.44% | +80.75% | |
| 6 | NET | Cloudflare Inc - Class A | 股票-科技 | 1.96% | -0.13% | -15.70% | |
| 7 | HOOD | Robinhood Markets Inc - A | 股票-金融 | 1.75% | +0.28% | +5.92% | |
| 8 | RNR | RenaissanceRe Holdings Ltd. | 股票-金融 | 1.74% | -0.47% | +1.05% | |
| 9 | SPOT | Spotify Technology S.A. | 股票-通訊服務 | 1.66% | -0.42% | EXIT | |
| 10 | ORCL | Oracle CORP | 股票-科技 | 1.66% | — | +61.98% | |
| 11 | ACGL | Arch Capital Group Ltd. | 股票-金融 | 1.62% | -0.44% | +5.48% | |
| 12 | VRT | Vertiv Holdings Co-a | 股票-工業 | 1.58% | -0.60% | +440.92% | |
| 13 | GEV | GE Vernova Inc | 股票-工業 | 1.36% | -0.05% | +18.50% | |
| 14 | MELI | Mercadolibre Inc | 股票-循環性消費 | 1.31% | -0.06% | -4.97% | |
| 15 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.19% | -0.42% | -12.91% | |
| 16 | CRDO | Credo Technology Group Holding Ltd | 股票-科技 | 1.16% | — | +22.94% | |
| 17 | CLS | Celestica Inc | 股票-科技 | 1.15% | -0.08% | -16.70% | |
| 18 | CB | Chubb Limited | 股票-金融 | 1.14% | -0.32% | +0.40% | |
| 19 | MU | Micron Technology Inc | 股票-科技 | 1.13% | +2.10% | +13.10% | |
| 20 | WRB | Wr Berkley CORP | 股票-金融 | 1.12% | -0.19% | — | |
| 21 | NFLX | Netflix Inc | 股票-通訊服務 | 1.11% | — | -23.73% | |
| 22 | AAPL | Apple Inc | 股票-科技 | 1.10% | +0.30% | -21.92% | |
| 23 | APH | Amphenol Corp-cl A | 股票-科技 | 1.07% | +0.13% | +63.41% | |
| 24 | KLAC | Kla CORP | 股票-科技 | 1.06% | +0.66% | -26.98% | |
| 25 | MRSH | Marsh & Mclennan Cos | 股票-金融 | 1.04% | -0.24% | +4.12% | |
| 26 | SNOW | Snowflake Inc | 股票-科技 | 1.02% | +0.51% | -24.66% | |
| 27 | FN | Fabrinet | 股票-科技 | 1.02% | -0.14% | +239.48% | |
| 28 | FLEX | Flex Ltd. | 股票-科技 | 0.98% | +0.11% | +34.32% | |
| 29 | SHOP | Shopify Inc - Class A | 股票-科技 | 0.97% | -0.61% | EXIT | |
| 30 | COHR | Coherent CORP | 股票-科技 | 0.96% | -0.21% | +2.81% | |
| 31 | ✓ | Cyberark Software LTD. Cmn | 股票-其他 | 0.90% | — | -45.41% | |
| 32 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.90% | +0.14% | -25.10% | |
| 33 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 0.89% | -2.94% | -27.36% | |
| 34 | MKL | Markel Group Inc | 股票-金融 | 0.88% | -0.18% | +4.67% | |
| 35 | DASH | Doordash Inc - A | 股票-循環性消費 | 0.87% | — | +60.71% | |
| 36 | ESNT | Essent Group Ltd. | 股票-金融 | 0.85% | -0.17% | +0.94% | |
| 37 | STX | Seagate Technology Holdings plc | 股票-科技 | 0.83% | +0.94% | — | |
| 38 | LITE | Lumentum Holdings Inc | 股票-科技 | 0.82% | -1.01% | +912.37% | |
| 39 | PGR | Progressive CORP | 股票-金融 | 0.78% | -0.10% | -9.43% | |
| 40 | ASND | Ascendis Pharma A/S | 股票-其他 | 0.76% | -0.53% | EXIT | |
| 41 | TRV | Travelers Cos Inc/the | 股票-金融 | 0.73% | -0.16% | — | |
| 42 | EG | Everest Group, Ltd. | 股票-金融 | 0.73% | -0.19% | +3.92% | |
| 43 | CRWD | Crowdstrike Holdings Inc - A | 股票-科技 | 0.72% | +0.97% | NEW | |
| 44 | LRCX | Lam Research CORP | 股票-科技 | 0.71% | +0.96% | — | |
| 45 | MTSI | Macom Technology Solutions H | 股票-科技 | 0.70% | -0.06% | +18.94% | |
| 46 | AXON | Axon Enterprise Inc | 股票-工業 | 0.69% | +0.05% | -28.71% | |
| 47 | RGA | Reinsurance Group Of America | 股票-金融 | 0.56% | -0.15% | +11.40% | |
| 48 | PANW | Palo Alto Networks Inc | 股票-科技 | 0.55% | +1.35% | NEW | |
| 49 | CIEN | Ciena CORP | 股票-科技 | 0.55% | -1.10% | EXIT | |
| 50 | ANET | Arista Networks Inc | 股票-科技 | 0.54% | +0.05% | -39.13% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | AVGO | Broadcom Inc | +1.9% | +27.19% | 加碼 |
| 2 | NVDA | Nvidia CORP | +1.8% | +1.95% | 加碼 |
| 3 | VRT | Vertiv Holdings Co-a | +1.4% | +440.92% | 加碼 |
| 4 | AMD | Advanced Micro Devices | +1.3% | +80.75% | 加碼 |
| 5 | HOOD | Robinhood Markets Inc - A | +0.9% | +5.92% | 加碼 |
| 6 | ORCL | Oracle CORP | +0.9% | +61.98% | 加碼 |
| 7 | MSFT | Microsoft CORP | +0.9% | +14.25% | 加碼 |
| 8 | STX | Seagate Technology Holdings plc | +0.8% | NEW | 新建倉 |
| 9 | FN | Fabrinet | +0.8% | +239.48% | 加碼 |
| 10 | LITE | Lumentum Holdings Inc | +0.8% | +912.37% | 加碼 |
| 11 | LRCX | Lam Research CORP | +0.7% | NEW | 新建倉 |
| 12 | CRDO | Credo Technology Group Holding Ltd | +0.7% | +22.94% | 加碼 |
| 13 | GEV | GE Vernova Inc | +0.6% | +18.50% | 加碼 |
| 14 | APH | Amphenol Corp-cl A | +0.6% | +63.41% | 加碼 |
| 15 | VRNA | Verona Pharma PLC - Adr | +0.4% | NEW | 新建倉 |
| 16 | FLEX | Flex Ltd. | +0.4% | +34.32% | 加碼 |
| 17 | NET | Cloudflare Inc - Class A | +0.4% | -15.70% | 減碼 |
| 18 | DASH | Doordash Inc - A | +0.4% | +60.71% | 加碼 |
| 19 | UBER | Uber Technologies Inc | +0.4% | +338.05% | 加碼 |
| 20 | CLS | Celestica Inc | +0.3% | -16.70% | 減碼 |
| 21 | RDDT | Reddit Inc-cl A | +0.3% | NEW | 新建倉 |
| 22 | MU | Micron Technology Inc | +0.3% | +13.10% | 加碼 |
| 23 | EHC | Encompass Health CORP | +0.3% | +19637.01% | 加碼 |
| 24 | ASND | Ascendis Pharma A/S | +0.3% | +59.58% | 加碼 |
| 25 | RYTM | Rhythm Pharmaceuticals Inc | +0.3% | +150.17% | 加碼 |
| 26 | MTSI | Macom Technology Solutions H | +0.2% | +18.94% | 加碼 |
| 27 | IONS | Ionis Pharmaceuticals Inc | +0.2% | NEW | 新建倉 |
| 28 | COHR | Coherent CORP | +0.2% | +2.81% | 加碼 |
| 29 | SHOP | Shopify Inc - Class A | +0.2% | +14.10% | 加碼 |
| 30 | AFRM | Affirm Holdings Inc | +0.2% | +724.83% | 加碼 |
| 31 | SLNOEUR | Soleno Therapeutics Inc | +0.1% | +63.50% | 加碼 |
| 32 | KSPI | Jsc Kaspi.kz Adr | +0.1% | +184.72% | 加碼 |
| 33 | SPOT | Spotify Technology S.A. | +0.1% | -9.38% | 減碼 |
| 34 | NU | Nu Holdings Ltd. | +0.1% | +13.72% | 加碼 |
| 35 | MELI | Mercadolibre Inc | +0.1% | -4.97% | 減碼 |
| 36 | PLTR | Palantir Technologies Inc-a | +0.1% | -6.30% | 減碼 |
| 37 | PCRX | Pacira Biosciences Inc | +0.1% | NEW | 新建倉 |
| 38 | SMMT | Summit Therapeutics Inc | +0.1% | NEW | 新建倉 |
| 39 | ADI | Analog Devices Inc | +0.1% | +4.66% | 加碼 |
| 40 | CIEN | Ciena CORP | +0.1% | +4.01% | 加碼 |
| 41 | EW | Edwards Lifesciences CORP | +0.1% | NEW | 新建倉 |
| 42 | AGCO | Agco CORP | +0.1% | NEW | 新建倉 |
| 43 | TRUP | Trupanion Inc | +0.1% | -3.70% | 減碼 |
| 44 | RBLX | Roblox CORP -class A | +0.1% | -9.12% | 減碼 |
| 45 | RY | Royal Bank Of Canada | +0.1% | NEW | 新建倉 |
| 46 | 260 | Centessa Pharmaceuticals-adr | +0.1% | NEW | 新建倉 |
| 47 | MDGL | Madrigal Pharmaceuticals Inc | +0.1% | +50.05% | 加碼 |
| 48 | KYMR | Kymera Therapeutics Inc | +0.1% | NEW | 新建倉 |
| 49 | JLL | Jones Lang Lasalle Inc | +0.1% | NEW | 新建倉 |
| 50 | WTS | Watts Water Technologies-a | +0.1% | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Polar Capital Holdings Plc 在 Q2 2025 季度的美股持倉總市值約為 US$423.5億，共申報了 270 個公開持股部位。
在 Q2 2025 季度，Polar Capital Holdings Plc 按市值排列的前三大核心持股分別為：NVDA (8.1%)、META (5.3%)、AVGO (4.3%)。其中最大持股部位 NVDA 佔據整體投資組合約 8.1% 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
STX
市值: US$1.6億
本季最大獲利了結 / 清倉標的
VOO
前期市值: US$1.2億
在 Q2 2025 季度中，Polar Capital Holdings Plc 共進行了 198 項持倉異動，包含新建倉 25 個部位、加碼 62 個部位、減碼 83 個部位以及清倉 28 個部位。 其中最大新建倉標的為 STX。 本季清倉部位包含 VOO。
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。