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: 0001000742
申報總市值
US$2.0億
US$2.0億
142 檔
28.8%
Sandler Capital Management 在 Q2 2025 季度的美股部位總計估值為 US$2.0億，分散於 142 個持倉標的之中，反映其市場參與廣度與投資規模。
在 Q2 2025 期間，Sandler Capital Management 展現了靈活的資產再平衡步調，透過出清 30 檔弱勢或達到目標價部位，將資金轉置於 57 檔新建倉標的之中。
在資產配置集中度方面，Sandler Capital Management 的前 5 大核心持股（包含 GOGO, META, GLW 等）合計佔整體申報市值的 28.8%，反映機構在主要關鍵部位上的權重分佈。
| # | 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 | GOGO | Gogo Inc | 股票-其他 | 4.60% | -0.20% | EXIT | |
| 2 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 3.86% | — | +264.89% | |
| 3 | GLW | Corning Inc | 股票-科技 | 2.54% | -0.99% | +21.87% | |
| 4 | NVDA | Nvidia CORP | 股票-科技 | 2.41% | — | — | |
| 5 | LYV | Live Nation Entertainment In | 股票-通訊服務 | 2.29% | +0.13% | -56.50% | |
| 6 | TKO | Tko Group Holdings Inc | 股票-通訊服務 | 1.98% | -1.98% | -2.84% | |
| 7 | TXN | Texas Instruments Inc | 股票-科技 | 1.90% | — | — | |
| 8 | HO1 | Hologic Inc | 股票-其他 | 1.89% | — | +98.99% | |
| 9 | VMI | Valmont Industries | 股票-工業 | 1.85% | -0.44% | EXIT | |
| 10 | EBAY | Ebay Inc | 股票-循環性消費 | 1.70% | +0.58% | — | |
| 11 | BLK | Blackrock Inc | 股票-金融 | 1.50% | — | +242.73% | |
| 12 | VRSK | Verisk Analytics Inc | 股票-工業 | 1.38% | — | -56.90% | |
| 13 | VST | Vistra CORP | 股票-公用事業 | 1.35% | — | +38.59% | |
| 14 | RDDT | Reddit Inc-cl A | 股票-通訊服務 | 1.33% | -0.15% | EXIT | |
| 15 | KEYS | Keysight Technologies In | 股票-科技 | 1.32% | -0.54% | -13.64% | |
| 16 | GVA | Granite Construction Inc | 股票-工業 | 1.29% | — | -14.32% | |
| 17 | LITE | Lumentum Holdings Inc | 股票-科技 | 1.28% | -0.08% | +203.34% | |
| 18 | PRKS | United Parks & Resorts Inc | 股票-其他 | 1.24% | — | — | |
| 19 | TRMB | Trimble Inc | 股票-科技 | 1.20% | -0.47% | -35.14% | |
| 20 | RTX | Rtx CORP | 股票-工業 | 1.19% | +0.16% | -46.24% | |
| 21 | RL | Ralph Lauren CORP | 股票-循環性消費 | 1.12% | -0.77% | — | |
| 22 | FCX | Freeport-mcmoran Inc | 股票-原物料 | 1.11% | — | -0.11% | |
| 23 | FIS | Fidelity National Info Serv | 股票-科技 | 1.07% | — | — | |
| 24 | CLH | Clean Harbors Inc | 股票-工業 | 1.06% | -0.31% | +101.08% | |
| 25 | TLN | Talen Energy CORP | 股票-公用事業 | 1.05% | +0.43% | -45.85% | |
| 26 | SNOW | Snowflake Inc | 股票-科技 | 1.04% | — | -2.13% | |
| 27 | KVUE | Kenvue Inc | 股票-非循環性消費 | 1.03% | — | — | |
| 28 | AEIS | Advanced Energy Industries | 股票-工業 | 1.03% | -0.42% | EXIT | |
| 29 | SHOP | Shopify Inc - Class A | 股票-科技 | 1.02% | -0.56% | EXIT | |
| 30 | AER | AerCap Holdings N.V. | 股票-工業 | 1.01% | -0.14% | -10.57% | |
| 31 | MSGS | Madison Square Garden Sports | 股票-通訊服務 | 1.01% | -0.47% | — | |
| 32 | TDY | Teledyne Technologies Inc | 股票-科技 | 1.00% | -0.10% | -10.13% | |
| 33 | EGP | Eastgroup Properties Inc | 股票-房地產 | 0.99% | -0.37% | +5.96% | |
| 34 | UAL | United Airlines Holdings Inc | 股票-工業 | 0.98% | — | — | |
| 35 | CCJ | Cameco CORP | 股票-能源 | 0.96% | +0.42% | NEW | |
| 36 | AMZN | Amazon.com Inc | 股票-循環性消費 | 0.95% | +0.31% | -57.70% | |
| 37 | SXT | Sensient Technologies CORP | 股票-原物料 | 0.93% | +0.89% | -55.58% | |
| 38 | OKTA | Okta Inc | 股票-科技 | 0.93% | — | -45.81% | |
| 39 | CW | Curtiss-wright CORP | 股票-工業 | 0.89% | -0.26% | -40.68% | |
| 40 | UPST | Upstart Holdings Inc | 股票-金融 | 0.87% | +0.40% | -73.66% | |
| 41 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.87% | — | — | |
| 42 | JBL | Jabil Inc | 股票-科技 | 0.84% | -0.28% | EXIT | |
| 43 | ETN | Eaton Corporation plc | 股票-工業 | 0.83% | — | -38.99% | |
| 44 | MSFT | Microsoft CORP | 股票-科技 | 0.82% | — | — | |
| 45 | ✓ | Cyberark Software LTD. Cmn | 股票-其他 | 0.80% | — | +4.20% | |
| 46 | SPHR | Sphere Entertainment Co | 股票-通訊服務 | 0.79% | +0.12% | +34.69% | |
| 47 | CORZ | Core Scientific Inc | 股票-科技 | 0.79% | — | — | |
| 48 | ZS | Zscaler Inc | 股票-科技 | 0.78% | — | +34.45% | |
| 49 | NET | Cloudflare Inc - Class A | 股票-科技 | 0.78% | -0.64% | EXIT | |
| 50 | SPOT | Spotify Technology S.A. | 股票-通訊服務 | 0.76% | +1.20% | NEW |
| # | 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 | +3.1% | +264.89% | 加碼 |
| 2 | NVDA | Nvidia CORP | +2.4% | NEW | 新建倉 |
| 3 | TXN | Texas Instruments Inc | +1.9% | NEW | 新建倉 |
| 4 | EBAY | Ebay Inc | +1.7% | NEW | 新建倉 |
| 5 | GOGO | Gogo Inc | +1.5% | -19.19% | 減碼 |
| 6 | RDDT | Reddit Inc-cl A | +1.3% | NEW | 新建倉 |
| 7 | PRKS | United Parks & Resorts Inc | +1.2% | NEW | 新建倉 |
| 8 | BLK | Blackrock Inc | +1.1% | +242.73% | 加碼 |
| 9 | RL | Ralph Lauren CORP | +1.1% | NEW | 新建倉 |
| 10 | FIS | Fidelity National Info Serv | +1.1% | NEW | 新建倉 |
| 11 | HO1 | Hologic Inc | +1.1% | +98.99% | 加碼 |
| 12 | KVUE | Kenvue Inc | +1% | NEW | 新建倉 |
| 13 | LITE | Lumentum Holdings Inc | +1% | +203.34% | 加碼 |
| 14 | MSGS | Madison Square Garden Sports | +1% | NEW | 新建倉 |
| 15 | UAL | United Airlines Holdings Inc | +1% | NEW | 新建倉 |
| 16 | GS | Goldman Sachs Group Inc | +0.9% | NEW | 新建倉 |
| 17 | GLW | Corning Inc | +0.9% | +21.87% | 加碼 |
| 18 | JBL | Jabil Inc | +0.8% | NEW | 新建倉 |
| 19 | MSFT | Microsoft CORP | +0.8% | NEW | 新建倉 |
| 20 | VST | Vistra CORP | +0.8% | +38.59% | 加碼 |
| 21 | CORZ | Core Scientific Inc | +0.8% | NEW | 新建倉 |
| 22 | HNGE | Hinge Health Inc-a | +0.7% | NEW | 新建倉 |
| 23 | DDOG | Datadog Inc - Class A | +0.7% | NEW | 新建倉 |
| 24 | CLH | Clean Harbors Inc | +0.6% | +101.08% | 加碼 |
| 25 | EL | Estee Lauder Companies-cl A | +0.6% | NEW | 新建倉 |
| 26 | XSD | Ss Spdr S&p Semiconductor | +0.6% | NEW | 新建倉 |
| 27 | HON | Honeywell International Inc | +0.6% | NEW | 新建倉 |
| 28 | PLD | Prologis Inc | +0.6% | +1056.05% | 加碼 |
| 29 | ROK | Rockwell Automation Inc | +0.6% | NEW | 新建倉 |
| 30 | KTOS | Kratos Defense & Security | +0.6% | NEW | 新建倉 |
| 31 | SHOP | Shopify Inc - Class A | +0.6% | +64.42% | 加碼 |
| 32 | VRT | Vertiv Holdings Co-a | +0.5% | NEW | 新建倉 |
| 33 | COIN | Coinbase Global Inc -class A | +0.5% | NEW | 新建倉 |
| 34 | AEIS | Advanced Energy Industries | +0.5% | +37.17% | 加碼 |
| 35 | FOXA | Fox CORP - Class A | +0.5% | NEW | 新建倉 |
| 36 | SPXC | Spx Technologies Inc | +0.5% | NEW | 新建倉 |
| 37 | A | Agilent Technologies Inc | +0.5% | NEW | 新建倉 |
| 38 | MSGE | Madison Square Garden Entert | +0.5% | NEW | 新建倉 |
| 39 | NTNX | Nutanix Inc - A | +0.5% | NEW | 新建倉 |
| 40 | CRH | CRH plc | +0.5% | NEW | 新建倉 |
| 41 | PKG | Packaging CORP Of America | +0.5% | NEW | 新建倉 |
| 42 | VMC | Vulcan Materials Co | +0.5% | NEW | 新建倉 |
| 43 | CERT | Certara Inc | +0.5% | NEW | 新建倉 |
| 44 | COHR | Coherent CORP | +0.5% | +99.27% | 加碼 |
| 45 | PTON | Peloton Interactive Inc-a | +0.4% | NEW | 新建倉 |
| 46 | ZS | Zscaler Inc | +0.4% | +34.45% | 加碼 |
| 47 | OKLO | Oklo Inc | +0.4% | NEW | 新建倉 |
| 48 | CEG | Constellation Energy | +0.4% | NEW | 新建倉 |
| 49 | CBRE | Cbre Group Inc - A | +0.4% | NEW | 新建倉 |
| 50 | EAT | Brinker International Inc | +0.4% | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Sandler Capital Management 在 Q2 2025 季度的美股持倉總市值約為 US$2.0億，共申報了 142 個公開持股部位。
在 Q2 2025 季度，Sandler Capital Management 按市值排列的前三大核心持股分別為：GOGO (4.6%)、META (3.9%)、GLW (2.5%)。其中最大持股部位 GOGO 佔據整體投資組合約 4.6% 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
NVDA
市值: US$892.0萬
本季最大獲利了結 / 清倉標的
COF
前期市值: US$1389.6萬
在 Q2 2025 季度中，Sandler Capital Management 共進行了 171 項持倉異動，包含新建倉 57 個部位、加碼 20 個部位、減碼 64 個部位以及清倉 30 個部位。 其中最大新建倉標的為 NVDA。 本季清倉部位包含 COF。
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。