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
260 檔
19.2%
在 Q4 2025 申報期間，Polar Capital Holdings Plc（CIK: 0001837309）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$423.5億，共持有 260 個公開申報部位。
在 Q4 2025 期間，Polar Capital Holdings Plc 展現了靈活的資產再平衡步調，透過出清 32 檔弱勢或達到目標價部位，將資金轉置於 39 檔新建倉標的之中。
在資產配置集中度方面，Polar Capital Holdings Plc 的前 5 大核心持股（包含 AAPL, NVDA, GOOGL 等）合計佔整體申報市值的 19.2%，反映機構在主要關鍵部位上的權重分佈。
僅顯示前 200 大持股（共 260 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 | AAPL | Apple Inc | 股票-科技 | 7.51% | +0.30% | +435.53% | |
| 2 | NVDA | Nvidia CORP | 股票-科技 | 6.99% | -0.78% | +0.22% | |
| 3 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 6.74% | -2.94% | +424.16% | |
| 4 | MSFT | Microsoft CORP | 股票-科技 | 6.58% | +0.56% | +159.10% | |
| 5 | AVGO | Broadcom Inc | 股票-科技 | 3.63% | -1.26% | -4.54% | |
| 6 | AMD | Advanced Micro Devices | 股票-科技 | 2.28% | +1.44% | +50.35% | |
| 7 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.24% | -0.88% | -38.03% | |
| 8 | LRCX | Lam Research CORP | 股票-科技 | 1.90% | +0.96% | +0.62% | |
| 9 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.83% | +0.14% | +38.14% | |
| 10 | KLAC | Kla CORP | 股票-科技 | 1.61% | +0.66% | -0.55% | |
| 11 | LITE | Lumentum Holdings Inc | 股票-科技 | 1.47% | -1.01% | -30.56% | |
| 12 | RNR | RenaissanceRe Holdings Ltd. | 股票-金融 | 1.39% | -0.47% | -6.42% | |
| 13 | STX | Seagate Technology Holdings plc | 股票-科技 | 1.31% | +0.94% | -16.90% | |
| 14 | ACGL | Arch Capital Group Ltd. | 股票-金融 | 1.23% | -0.44% | -1.49% | |
| 15 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.22% | -0.42% | +60.68% | |
| 16 | COHR | Coherent CORP | 股票-科技 | 1.22% | -0.21% | +252.56% | |
| 17 | MU | Micron Technology Inc | 股票-科技 | 1.21% | +2.10% | -39.52% | |
| 18 | CIEN | Ciena CORP | 股票-科技 | 1.17% | -1.10% | EXIT | |
| 19 | SNDK | Sandisk CORP | 股票-科技 | 1.16% | +0.67% | -2.63% | |
| 20 | CLS | Celestica Inc | 股票-科技 | 1.15% | -0.08% | -1.62% | |
| 21 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.11% | -0.21% | +216.34% | |
| 22 | SHOP | Shopify Inc - Class A | 股票-科技 | 1.04% | -0.61% | EXIT | |
| 23 | FN | Fabrinet | 股票-科技 | 0.97% | -0.14% | +58.91% | |
| 24 | CB | Chubb Limited | 股票-金融 | 0.86% | -0.32% | -1.72% | |
| 25 | FLEX | Flex Ltd. | 股票-科技 | 0.86% | +0.11% | +141.80% | |
| 26 | GLW | Corning Inc | 股票-科技 | 0.77% | +0.23% | -43.01% | |
| 27 | FSLR | First Solar Inc | 股票-科技 | 0.77% | -0.08% | EXIT | |
| 28 | NET | Cloudflare Inc - Class A | 股票-科技 | 0.71% | -0.13% | -48.13% | |
| 29 | MDB | Mongodb Inc | 股票-科技 | 0.70% | +0.26% | +730.55% | |
| 30 | TTMI | Ttm Technologies | 股票-科技 | 0.69% | -0.14% | -15.18% | |
| 31 | MRSH | Marsh & Mclennan Cos | 股票-金融 | 0.69% | -0.24% | +6.04% | |
| 32 | WRB | Wr Berkley CORP | 股票-金融 | 0.66% | -0.19% | -11.09% | |
| 33 | TSLA | Tesla Inc | 股票-循環性消費 | 0.64% | -0.25% | +71.72% | |
| 34 | MKL | Markel Group Inc | 股票-金融 | 0.64% | -0.18% | -1.91% | |
| 35 | ANET | Arista Networks Inc | 股票-科技 | 0.63% | +0.05% | -5.51% | |
| 36 | APP | Applovin Corp-class A | 股票-科技 | 0.63% | — | +13.33% | |
| 37 | GEV | GE Vernova Inc | 股票-工業 | 0.63% | -0.05% | +16.69% | |
| 38 | ARQT | Arcutis Biotherapeutics Inc | 股票-其他 | 0.62% | -0.06% | +4.86% | |
| 39 | RVMD | Revolution Medicines Inc | 股票-醫療保健 | 0.62% | -0.08% | +321.20% | |
| 40 | ESNT | Essent Group Ltd. | 股票-金融 | 0.62% | -0.17% | -2.00% | |
| 41 | CRDO | Credo Technology Group Holding Ltd | 股票-科技 | 0.61% | — | -40.47% | |
| 42 | REGN | Regeneron Pharmaceuticals | 股票-醫療保健 | 0.61% | -0.53% | EXIT | |
| 43 | MDGL | Madrigal Pharmaceuticals Inc | 股票-醫療保健 | 0.61% | -0.23% | +1.88% | |
| 44 | WDC | Western Digital CORP | 股票-科技 | 0.61% | +0.27% | -50.57% | |
| 45 | CYTK | Cytokinetics Inc | 股票-醫療保健 | 0.60% | +0.06% | -11.76% | |
| 46 | TEVA | Teva Pharmaceutical-sp Adr | 股票-醫療保健 | 0.60% | -0.13% | +24.41% | |
| 47 | NUVL | Nuvalent Inc-a | 股票-其他 | 0.60% | -0.67% | EXIT | |
| 48 | TRV | Travelers Cos Inc/the | 股票-金融 | 0.55% | -0.16% | -4.95% | |
| 49 | EG | Everest Group, Ltd. | 股票-金融 | 0.53% | -0.19% | -1.71% | |
| 50 | VRT | Vertiv Holdings Co-a | 股票-工業 | 0.52% | -0.60% | -14.20% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | AAPL | Apple Inc | +5.9% | +435.53% | 加碼 |
| 2 | GOOGL | Alphabet Inc-cl A | +5.5% | +424.16% | 加碼 |
| 3 | MSFT | Microsoft CORP | +3.2% | +159.10% | 加碼 |
| 4 | COHR | Coherent CORP | +1% | +252.56% | 加碼 |
| 5 | AMD | Advanced Micro Devices | +0.9% | +50.35% | 加碼 |
| 6 | LLY | Eli Lilly & Co | +0.8% | +216.34% | 加碼 |
| 7 | MDB | Mongodb Inc | +0.6% | +730.55% | 加碼 |
| 8 | GOOG | Alphabet Inc-cl C | +0.6% | +38.14% | 加碼 |
| 9 | RVMD | Revolution Medicines Inc | +0.5% | +321.20% | 加碼 |
| 10 | SNDK | Sandisk CORP | +0.5% | -2.63% | 減碼 |
| 11 | FLEX | Flex Ltd. | +0.4% | +141.80% | 加碼 |
| 12 | FN | Fabrinet | +0.4% | +58.91% | 加碼 |
| 13 | AMZN | Amazon.com Inc | +0.3% | +60.68% | 加碼 |
| 14 | LITE | Lumentum Holdings Inc | +0.3% | -30.56% | 減碼 |
| 15 | SHOP | Shopify Inc - Class A | +0.3% | +52.61% | 加碼 |
| 16 | PCVX | Vaxcyte Inc | +0.2% | +302.57% | 加碼 |
| 17 | TEVA | Teva Pharmaceutical-sp Adr | +0.2% | +24.41% | 加碼 |
| 18 | TSLA | Tesla Inc | +0.2% | +71.72% | 加碼 |
| 19 | REGN | Regeneron Pharmaceuticals | +0.2% | +29.03% | 加碼 |
| 20 | NUVL | Nuvalent Inc-a | +0.2% | +50.34% | 加碼 |
| 21 | ALAB | Astera Labs Inc | +0.2% | +120.35% | 加碼 |
| 22 | CIEN | Ciena CORP | +0.1% | -11.88% | 減碼 |
| 23 | ARQT | Arcutis Biotherapeutics Inc | +0.1% | +4.86% | 加碼 |
| 24 | BBIO | Bridgebio Pharma Inc | +0.1% | +32.44% | 加碼 |
| 25 | CAT | Caterpillar Inc | +0.1% | +72.15% | 加碼 |
| 26 | ROIV | Roivant Sciences Ltd. | +0.1% | +37.34% | 加碼 |
| 27 | TSHA | Taysha Gene Therapies Inc | +0.1% | +49.82% | 加碼 |
| 28 | IONS | Ionis Pharmaceuticals Inc | +0.1% | +29.00% | 加碼 |
| 29 | SRRK | Scholar Rock Holding CORP | +0.1% | +66.48% | 加碼 |
| 30 | VSTM | Verastem Inc | +0.1% | +270.72% | 加碼 |
| 31 | APLSUSD | Apellis Pharmaceuticals Inc | +0.1% | +39.86% | 加碼 |
| 32 | PODD | Insulet CORP | +0.1% | +150.01% | 加碼 |
| 33 | IQV | Iqvia Holdings Inc | +0.1% | +110.04% | 加碼 |
| 34 | DYN | Dyne Therapeutics Inc | +0.1% | +139.74% | 加碼 |
| 35 | LRCX | Lam Research CORP | +0.1% | +0.62% | 加碼 |
| 36 | JNJ | Johnson & Johnson | +0.1% | +124.10% | 加碼 |
| 37 | APGE | Apogee Therapeutics Inc | +0.1% | -3.92% | 減碼 |
| 38 | BOW | Bowhead Specialty Holdings I | +0.1% | +77.55% | 加碼 |
| 39 | HCA | Hca Healthcare Inc | +0.1% | +482.16% | 加碼 |
| 40 | AMG | Affiliated Managers Group | 0% | +36.58% | 加碼 |
| 41 | SYRE | Spyre Therapeutics Inc | 0% | -6.14% | 減碼 |
| 42 | CHRW | C.h. Robinson Worldwide Inc | 0% | +33.64% | 加碼 |
| 43 | RKT | Rocket Cos Inc-class A | 0% | +116.22% | 加碼 |
| 44 | MDGL | Madrigal Pharmaceuticals Inc | 0% | +1.88% | 加碼 |
| 45 | NPCE | Neuropace Inc | 0% | -7.08% | 減碼 |
| 46 | DNTH | Dianthus Therapeutics Inc | 0% | +34.32% | 加碼 |
| 47 | DAL | Delta Air Lines Inc | 0% | +26.95% | 加碼 |
| 48 | U | Unity Software Inc | 0% | +58.56% | 加碼 |
| 49 | IBM | Intl Business Machines CORP | 0% | +20.29% | 加碼 |
| 50 | MLYS | Mineralys Therapeutics Inc | 0% | +32.34% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Polar Capital Holdings Plc 在 Q4 2025 季度的美股持倉總市值約為 US$423.5億，共申報了 260 個公開持股部位。
在 Q4 2025 季度，Polar Capital Holdings Plc 按市值排列的前三大核心持股分別為：AAPL (7.5%)、NVDA (7.0%)、GOOGL (6.7%)。其中最大持股部位 AAPL 佔據整體投資組合約 7.5% 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
FSLR
市值: US$2.0億
本季最大獲利了結 / 清倉標的
ORCL
前期市值: US$2.5億
在 Q4 2025 季度中，Polar Capital Holdings Plc 共進行了 200 項持倉異動，包含新建倉 39 個部位、加碼 61 個部位、減碼 68 個部位以及清倉 32 個部位。 其中最大新建倉標的為 FSLR。 本季清倉部位包含 ORCL。
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。