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: 0001735445
申報總市值
US$17.5億
US$17.5億
67 檔
22.9%
在 Q4 2025 申報期間，Rheos Capital Works Inc.（CIK: 0001735445）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$17.5億，共持有 67 個公開申報部位。
從 Q4 2025 申報觀察，Rheos Capital Works Inc. 採取防禦導向的調倉策略，本季減碼 16 檔個股並出清 12 檔部位，顯示機構在該時期進行風險控制與流動性回收。
從部位權重觀察，前 5 大標的（包含 META, RACE, AMAT）累計市值佔比達 22.9%，是驅動 Rheos Capital Works Inc. 該季度整體投資組合績效表現的核心支柱。
| # | 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 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 9.03% | +0.29% | +662.50% | |
| 2 | RACE | Ferrari N.V. | 股票-循環性消費 | 5.45% | -1.38% | +6.97% | |
| 3 | AMAT | Applied Materials Inc | 股票-科技 | 3.95% | +0.19% | — | |
| 4 | DHI | Dr Horton Inc | 股票-循環性消費 | 3.79% | -2.38% | EXIT | |
| 5 | CAT | Caterpillar Inc | 股票-工業 | 3.56% | -0.88% | +38.57% | |
| 6 | NVDA | Nvidia CORP | 股票-科技 | 3.36% | -0.99% | -23.20% | |
| 7 | JOBY | Joby Aviation, Inc. | 股票-工業 | 3.00% | -0.49% | +44.99% | |
| 8 | BIDU | Baidu Inc - Spon Adr | 股票-通訊服務 | 2.95% | -2.62% | EXIT | |
| 9 | BA | Boeing Co/the | 股票-工業 | 2.94% | -0.82% | -51.56% | |
| 10 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 2.72% | +0.10% | +28.57% | |
| 11 | MSFT | Microsoft CORP | 股票-科技 | 2.64% | -0.84% | -20.87% | |
| 12 | TSLA | Tesla Inc | 股票-循環性消費 | 2.45% | -0.55% | — | |
| 13 | AVGO | Broadcom Inc | 股票-科技 | 2.38% | -1.25% | -8.12% | |
| 14 | UBER | Uber Technologies Inc | 股票-工業 | 2.36% | -0.93% | — | |
| 15 | AAPL | Apple Inc | 股票-科技 | 2.34% | +0.96% | -16.20% | |
| 16 | AVAV | Aerovironment Inc | 股票-工業 | 2.17% | -0.19% | +16.67% | |
| 17 | TMO | Thermo Fisher Scientific Inc | 股票-醫療保健 | 1.89% | -0.81% | — | |
| 18 | SNOW | Snowflake Inc | 股票-科技 | 1.84% | +0.64% | -36.72% | |
| 19 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.82% | -1.07% | -70.25% | |
| 20 | NTNX | Nutanix Inc - A | 股票-科技 | 1.56% | — | -12.96% | |
| 21 | OLLI | Ollie's Bargain Outlet Holdi | 股票-非循環性消費 | 1.50% | -0.13% | — | |
| 22 | DIS | Walt Disney Co/the | 股票-通訊服務 | 1.46% | -0.08% | — | |
| 23 | HSY | Hershey Co/the | 股票-非循環性消費 | 1.45% | -0.24% | -44.64% | |
| 24 | WDC | Western Digital CORP | 股票-科技 | 1.44% | +0.88% | -35.00% | |
| 25 | SHOP | Shopify Inc - Class A | 股票-科技 | 1.42% | -1.09% | EXIT | |
| 26 | LMT | Lockheed Martin CORP | 股票-工業 | 1.34% | -0.87% | -25.77% | |
| 27 | HOOD | Robinhood Markets Inc - A | 股票-金融 | 1.27% | +0.19% | — | |
| 28 | ARM | Arm Holdings Plc-adr | 股票-科技 | 1.26% | -0.09% | +20.05% | |
| 29 | STX | Seagate Technology Holdings plc | 股票-科技 | 1.24% | -0.39% | — | |
| 30 | AMD | Advanced Micro Devices | 股票-科技 | 1.21% | +0.12% | -67.41% | |
| 31 | ✓ | 股票-其他 | 1.20% | — | — | ||
| 32 | MELI | Mercadolibre Inc | 股票-循環性消費 | 1.16% | +0.02% | — | |
| 33 | ZS | Zscaler Inc | 股票-科技 | 1.14% | — | — | |
| 34 | LRCXEUR | Lam Research CORP | 股票-科技 | 1.09% | +0.49% | — | |
| 35 | KLAC | Kla CORP | 股票-科技 | 1.09% | +0.53% | +16.67% | |
| 36 | XYL | Xylem Inc | 股票-工業 | 1.06% | -0.29% | — | |
| 37 | MDGL | Madrigal Pharmaceuticals Inc | 股票-醫療保健 | 0.98% | -0.06% | -39.34% | |
| 38 | CNH | CNH Industrial N.V. | 股票-工業 | 0.96% | -0.36% | -32.22% | |
| 39 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.87% | +0.45% | -49.18% | |
| 40 | AXP | American Express Co | 股票-金融 | 0.87% | +0.07% | — | |
| 41 | BKR | Baker Hughes Co | 股票-能源 | 0.85% | -0.31% | — | |
| 42 | TER | Teradyne Inc | 股票-科技 | 0.78% | +0.37% | -64.00% | |
| 43 | CSCO | Cisco Systems Inc | 股票-科技 | 0.77% | +0.34% | -52.31% | |
| 44 | CRWD | Crowdstrike Holdings Inc - A | 股票-科技 | 0.75% | +0.44% | — | |
| 45 | TDG | Transdigm Group Inc | 股票-工業 | 0.72% | -0.01% | -43.33% | |
| 46 | ✓ | 股票-其他 | 0.72% | — | — | ||
| 47 | INSP | Inspire Medical Systems Inc | 股票-醫療保健 | 0.69% | -0.10% | +124.05% | |
| 48 | BX | Blackstone Inc | 股票-金融 | 0.68% | +0.07% | -13.84% | |
| 49 | ✓ | 股票-其他 | 0.63% | — | — | ||
| 50 | ORCL | Oracle CORP | 股票-科技 | 0.62% | — | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | META | Meta Platforms Inc-class A | +7.9% | +662.50% | 加碼 |
| 2 | CAT | Caterpillar Inc | +1.7% | +38.57% | 加碼 |
| 3 | GOOG | Alphabet Inc-cl C | +1.3% | +28.57% | 加碼 |
| 4 | JOBY | Joby Aviation, Inc. | +0.8% | +44.99% | 加碼 |
| 5 | INSP | Inspire Medical Systems Inc | +0.5% | +124.05% | 加碼 |
| 6 | DHI | Dr Horton Inc | -0.1% | — | 不變 |
| 7 | UBER | Uber Technologies Inc | -0.1% | — | 不變 |
| 8 | ZS | Zscaler Inc | -0.2% | — | 不變 |
| 9 | LMT | Lockheed Martin CORP | -0.3% | -25.77% | 減碼 |
| 10 | RACE | Ferrari N.V. | -0.4% | +6.97% | 加碼 |
| 11 | TDG | Transdigm Group Inc | -0.4% | -43.33% | 減碼 |
| 12 | NVDA | Nvidia CORP | -0.5% | -23.20% | 減碼 |
| 13 | CSCO | Cisco Systems Inc | -0.5% | -52.31% | 減碼 |
| 14 | MSFT | Microsoft CORP | -0.5% | -20.87% | 減碼 |
| 15 | CNH | CNH Industrial N.V. | -0.5% | -32.22% | 減碼 |
| 16 | GS | Goldman Sachs Group Inc | -0.5% | -49.18% | 減碼 |
| 17 | MP | Mp Materials CORP | -0.5% | -38.33% | 減碼 |
| 18 | TER | Teradyne Inc | -0.6% | -64.00% | 減碼 |
| 19 | NTNX | Nutanix Inc - A | -0.7% | -12.96% | 減碼 |
| 20 | SNOW | Snowflake Inc | -0.8% | -36.72% | 減碼 |
| 21 | HSY | Hershey Co/the | -0.9% | -44.64% | 減碼 |
| 22 | AMD | Advanced Micro Devices | -1.2% | -67.41% | 減碼 |
| 23 | BA | Boeing Co/the | -2.3% | -51.56% | 減碼 |
| 24 | AMZN | Amazon.com Inc | -3.3% | -70.25% | 減碼 |
| 25 | APP | Applovin Corp-class A | -3.3% | -94.32% | 減碼 |
| 26 | AMAT | Applied Materials Inc | — | NEW | 新建倉 |
| 27 | TJX | Tjx Companies Inc | — | EXIT | 清倉 |
| 28 | CRCL | Circle Internet Group Inc | — | EXIT | 清倉 |
| 29 | TSLA | Tesla Inc | — | NEW | 新建倉 |
| 30 | LYFT | Lyft Inc-a | — | EXIT | 清倉 |
| 31 | RCL | Royal Caribbean Cruises Ltd. | — | EXIT | 清倉 |
| 32 | MNDY | monday.com Ltd. | — | EXIT | 清倉 |
| 33 | HOOD | Robinhood Markets Inc - A | — | NEW | 新建倉 |
| 34 | STX | Seagate Technology Holdings plc | — | NEW | 新建倉 |
| 35 | ✓ | — | NEW | 新建倉 | |
| 36 | LRCXEUR | Lam Research CORP | — | NEW | 新建倉 |
| 37 | PANW | Palo Alto Networks Inc | — | EXIT | 清倉 |
| 38 | BWA | Borgwarner Inc | — | EXIT | 清倉 |
| 39 | ✓ | — | NEW | 新建倉 | |
| 40 | RTX | Rtx CORP | — | EXIT | 清倉 |
| 41 | CLS | Celestica Inc | — | EXIT | 清倉 |
| 42 | ✓ | — | NEW | 新建倉 | |
| 43 | ORCL | Oracle CORP | — | NEW | 新建倉 |
| 44 | ✓ | Centrus Energy Corp. | — | NEW | 新建倉 |
| 45 | INTC | Intel CORP | — | NEW | 新建倉 |
| 46 | SPOT | Spotify Technology S.A. | — | EXIT | 清倉 |
| 47 | BABA | Alibaba Group Holding-sp Adr | — | NEW | 新建倉 |
| 48 | LHX | L3harris Technologies Inc | — | EXIT | 清倉 |
| 49 | SCI | Service CORP International | — | EXIT | 清倉 |
| 50 | ✓ | Birkenstock Holding PLC | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Rheos Capital Works Inc. 在 Q4 2025 季度的美股持倉總市值約為 US$17.5億，共申報了 67 個公開持股部位。
在 Q4 2025 季度，Rheos Capital Works Inc. 按市值排列的前三大核心持股分別為：META (9.0%)、RACE (5.5%)、AMAT (4.0%)。其中最大持股部位 META 佔據整體投資組合約 9.0% 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
AMAT
市值: US$6167.8萬
本季最大獲利了結 / 清倉標的
TJX
前期市值: US$5348.0萬
在 Q4 2025 季度中，Rheos Capital Works Inc. 共進行了 47 項持倉異動，包含新建倉 13 個部位、加碼 6 個部位、減碼 16 個部位以及清倉 12 個部位。 其中最大新建倉標的為 AMAT。 本季清倉部位包含 TJX。
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。