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: 0001037389
申報總市值
US$726.2億
US$726.2億
3185 檔
6.5%
根據最新整理的 13F 季度數據集，Renaissance Technologies LLC 於 Q4 2025 結束時的管理資產規模為 US$726.2億。該機構在本季度申報了 3185 檔美股持倉，呈現出該時期的主要投資地圖。
Renaissance Technologies LLC 在 Q4 2025 的調整主要集中於風險出清，清倉與減碼部位合計達 123 檔，反映機構對當前市場環境或個別公司估值採取較為保留之看法。
檢視投資組合結構，前 5 大主力部位（包含 PLTR, UTHR, MU）占據了總市值的 6.5%，展現出該機構在 Q4 2025 的重點資金聚焦與風險分佈特徵。
本季最大新建倉標的
AMZN
市值: US$2.1億
本季最大獲利了結 / 清倉標的
META
前期市值: US$3.5億
僅顯示前 200 大持股（共 3185 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 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 2.43% | -0.38% | +2.69% | |
| 2 | UTHR | United Therapeutics CORP | 股票-醫療保健 | 1.44% | -0.39% | -12.15% | |
| 3 | MU | Micron Technology Inc | 股票-科技 | 1.33% | -0.80% | +151.03% | |
| 4 | KGC | Kinross Gold CORP | 股票-原物料 | 1.09% | -0.42% | -4.24% | |
| 5 | VRSN | Verisign Inc | 股票-科技 | 1.05% | -0.24% | -12.33% | |
| 6 | NFLX | Netflix Inc | 股票-通訊服務 | 1.04% | +0.67% | +2544.63% | |
| 7 | TSLA | Tesla Inc | 股票-循環性消費 | 0.95% | +0.52% | +220.88% | |
| 8 | EXEL | Exelixis Inc | 股票-醫療保健 | 0.95% | +0.09% | -10.00% | |
| 9 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.93% | -0.03% | EXIT | |
| 10 | CVNA | Carvana Co | 股票-循環性消費 | 0.92% | -0.13% | +38.92% | |
| 11 | W | Wayfair Inc- Class A | 股票-循環性消費 | 0.84% | -0.01% | +3.45% | |
| 12 | RBLX | Roblox CORP -class A | 股票-通訊服務 | 0.83% | -0.12% | -3.71% | |
| 13 | FNV | Franco-nevada CORP | 股票-原物料 | 0.80% | -0.28% | -13.03% | |
| 14 | RDDT | Reddit Inc-cl A | 股票-通訊服務 | 0.67% | +0.02% | -15.54% | |
| 15 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.66% | — | +272.26% | |
| 16 | ABNB | Airbnb Inc-class A | 股票-循環性消費 | 0.62% | -0.06% | +17.51% | |
| 17 | INCY | Incyte CORP | 股票-醫療保健 | 0.61% | +0.01% | -12.14% | |
| 18 | HOOD | Robinhood Markets Inc - A | 股票-金融 | 0.60% | -0.25% | +71.59% | |
| 19 | NU | Nu Holdings Ltd. | 股票-金融 | 0.59% | -0.32% | +41.74% | |
| 20 | INTC | Intel CORP | 股票-科技 | 0.57% | +0.90% | +191.53% | |
| 21 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 0.55% | +0.26% | -13.08% | |
| 22 | SPOT | Spotify Technology S.A. | 股票-通訊服務 | 0.53% | -0.07% | -10.03% | |
| 23 | GILD | Gilead Sciences Inc | 股票-醫療保健 | 0.53% | -0.08% | -48.95% | |
| 24 | CVX | Chevron CORP | 股票-能源 | 0.52% | +0.01% | +423.55% | |
| 25 | MSFT | Microsoft CORP | 股票-科技 | 0.52% | -0.01% | -47.83% | |
| 26 | F | Ford Motor Co | 股票-循環性消費 | 0.50% | — | -29.55% | |
| 27 | RIVN | Rivian Automotive Inc-a | 股票-循環性消費 | 0.50% | -0.08% | +32.40% | |
| 28 | NBIX | Neurocrine Biosciences Inc | 股票-醫療保健 | 0.49% | +0.04% | -7.42% | |
| 29 | DASH | Doordash Inc - A | 股票-循環性消費 | 0.46% | -0.11% | -32.41% | |
| 30 | ETSY | Etsy Inc | 股票-循環性消費 | 0.46% | +0.15% | -10.60% | |
| 31 | SNDK | Sandisk CORP | 股票-科技 | 0.45% | -0.77% | +44.76% | |
| 32 | CBOE | Cboe Global Markets Inc | 股票-金融 | 0.44% | -0.14% | -15.15% | |
| 33 | AMD | Advanced Micro Devices | 股票-科技 | 0.42% | +0.57% | +141.54% | |
| 34 | ZM | Zoom Communications Inc | 股票-科技 | 0.41% | -0.03% | -23.14% | |
| 35 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.41% | -0.28% | +5.69% | |
| 36 | MEDP | Medpace Holdings Inc | 股票-醫療保健 | 0.41% | -0.08% | -5.61% | |
| 37 | ALSN | Allison Transmission Holding | 股票-循環性消費 | 0.39% | -0.11% | -14.34% | |
| 38 | ADBE | Adobe Inc | 股票-科技 | 0.39% | -0.28% | -24.22% | |
| 39 | P | Everpure Inc-a | 股票-科技 | 0.39% | +0.05% | -1.97% | |
| 40 | STRL | Sterling Infrastructure Inc | 股票-工業 | 0.38% | +0.29% | -12.06% | |
| 41 | DBX | Dropbox Inc-class A | 股票-科技 | 0.36% | — | -10.74% | |
| 42 | OPEN | Opendoor Technologies Inc | 股票-房地產 | 0.36% | -0.03% | +50.69% | |
| 43 | VRTX | Vertex Pharmaceuticals Inc | 股票-醫療保健 | 0.36% | -0.07% | -31.37% | |
| 44 | BSX | Boston Scientific CORP | 股票-醫療保健 | 0.35% | -0.17% | +159.81% | |
| 45 | GEV | GE Vernova Inc | 股票-工業 | 0.35% | +0.01% | NEW | |
| 46 | SFM | Sprouts Farmers Market Inc | 股票-非循環性消費 | 0.34% | -0.06% | -31.93% | |
| 47 | TMUS | T-mobile US Inc | 股票-通訊服務 | 0.34% | +0.05% | +339.49% | |
| 48 | CL | Colgate-palmolive Co | 股票-非循環性消費 | 0.34% | -0.19% | -14.03% | |
| 49 | APP | Applovin Corp-class A | 股票-科技 | 0.33% | -0.27% | EXIT | |
| 50 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.33% | — | -22.18% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | MU | Micron Technology Inc | +1.1% | +151.03% | 加碼 |
| 2 | COST | Costco Wholesale CORP | +0.9% | +5220.96% | 加碼 |
| 3 | TSLA | Tesla Inc | +0.7% | +220.88% | 加碼 |
| 4 | NFLX | Netflix Inc | +0.6% | +2544.63% | 加碼 |
| 5 | PG | Procter & Gamble Co/the | +0.5% | +272.26% | 加碼 |
| 6 | CVX | Chevron CORP | +0.4% | +423.55% | 加碼 |
| 7 | INTC | Intel CORP | +0.4% | +191.53% | 加碼 |
| 8 | CVNA | Carvana Co | +0.4% | +38.92% | 加碼 |
| 9 | SNDK | Sandisk CORP | +0.3% | +44.76% | 加碼 |
| 10 | AMD | Advanced Micro Devices | +0.3% | +141.54% | 加碼 |
| 11 | TMUS | T-mobile US Inc | +0.3% | +339.49% | 加碼 |
| 12 | RIVN | Rivian Automotive Inc-a | +0.3% | +32.40% | 加碼 |
| 13 | NU | Nu Holdings Ltd. | +0.3% | +41.74% | 加碼 |
| 14 | PANW | Palo Alto Networks Inc | +0.2% | +1226.28% | 加碼 |
| 15 | BSX | Boston Scientific CORP | +0.2% | +159.81% | 加碼 |
| 16 | KGC | Kinross Gold CORP | +0.2% | -4.24% | 減碼 |
| 17 | VRT | Vertiv Holdings Co-a | +0.2% | +219.46% | 加碼 |
| 18 | HOOD | Robinhood Markets Inc - A | +0.2% | +71.59% | 加碼 |
| 19 | ABNB | Airbnb Inc-class A | +0.2% | +17.51% | 加碼 |
| 20 | W | Wayfair Inc- Class A | +0.2% | +3.45% | 加碼 |
| 21 | EXK | Exact Sciences CORP | +0.2% | +164.67% | 加碼 |
| 22 | BRK-B | Berkshire Hathaway Inc-cl B | +0.2% | +8154.93% | 加碼 |
| 23 | UBER | Uber Technologies Inc | +0.2% | +368.07% | 加碼 |
| 24 | MSI | Motorola Solutions Inc | +0.2% | +170.12% | 加碼 |
| 25 | SYK | Stryker CORP | +0.2% | +293.57% | 加碼 |
| 26 | BKNG | Booking Holdings Inc | +0.2% | +17562.96% | 加碼 |
| 27 | UPS | United Parcel Service-cl B | +0.2% | +160.00% | 加碼 |
| 28 | MSTR | Strategy Inc | +0.2% | +324.10% | 加碼 |
| 29 | HPQ | Hp Inc | +0.2% | +626.57% | 加碼 |
| 30 | SCHW | Schwab (charles) CORP | +0.2% | +77.20% | 加碼 |
| 31 | STX | Seagate Technology Holdings plc | +0.1% | +569.24% | 加碼 |
| 32 | PAYX | Paychex Inc | +0.1% | +259.70% | 加碼 |
| 33 | TTD | Trade Desk Inc/the -class A | +0.1% | +203.48% | 加碼 |
| 34 | GM | General Motors Co | +0.1% | +37.05% | 加碼 |
| 35 | LRCX | Lam Research CORP | +0.1% | +20934.82% | 加碼 |
| 36 | V | Visa Inc-class A Shares | +0.1% | +28927.23% | 加碼 |
| 37 | CPRT | Copart Inc | +0.1% | +24081.71% | 加碼 |
| 38 | RSG | Republic Services Inc | +0.1% | +465.03% | 加碼 |
| 39 | OTIS | Otis Worldwide CORP | +0.1% | +141.50% | 加碼 |
| 40 | KMB | Kimberly-clark CORP | +0.1% | +582.05% | 加碼 |
| 41 | VALE | Vale Sa-sp Adr | +0.1% | +50.06% | 加碼 |
| 42 | TT | Trane Technologies plc | +0.1% | +110.60% | 加碼 |
| 43 | VST | Vistra CORP | +0.1% | +79.27% | 加碼 |
| 44 | TGT | Target CORP | +0.1% | +28.00% | 加碼 |
| 45 | CAH | Cardinal Health Inc | +0.1% | +11.78% | 加碼 |
| 46 | XLF | Ss Financial Select Sector | +0.1% | +1376.13% | 加碼 |
| 47 | RMD | Resmed Inc | +0.1% | +424.97% | 加碼 |
| 48 | HLT | Hilton Worldwide Holdings In | +0.1% | +91.50% | 加碼 |
| 49 | RDDT | Reddit Inc-cl A | 0% | -15.54% | 減碼 |
| 50 | DBX | Dropbox Inc-class A | 0% | -10.74% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Renaissance Technologies LLC 在 Q4 2025 季度的美股持倉總市值約為 US$726.2億，共申報了 3185 個公開持股部位。
在 Q4 2025 季度，Renaissance Technologies LLC 按市值排列的前三大核心持股分別為：PLTR (2.4%)、UTHR (1.4%)、MU (1.3%)。其中最大持股部位 PLTR 佔據整體投資組合約 2.4% 的權重。
在 Q4 2025 季度中，Renaissance Technologies LLC 共進行了 200 項持倉異動，包含新建倉 29 個部位、加碼 48 個部位、減碼 90 個部位以及清倉 33 個部位。 其中最大新建倉標的為 AMZN。 本季清倉部位包含 META。
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。