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: 0001020066
申報總市值
US$269.3億
US$269.3億
67 檔
33.7%
根據最新整理的 13F 季度數據集，Sands Capital Management, LLC 於 Q1 2026 結束時的管理資產規模為 US$269.3億。該機構在本季度申報了 67 檔美股持倉，呈現出該時期的主要投資地圖。
在 Q1 2026，Sands Capital Management, LLC 展現出較為審慎的避險與獲利了結姿態。本季共減碼 48 個部位並完全清倉 8 檔持股，調降曝險的部位數量高於加碼動作。
整體而言，Sands Capital Management, LLC 的前 5 大持股（包含 NVDA, TSM, GOOGL）貢獻了組合市值的 33.7%，形成該機構在 Q1 2026 季度的基本面基石。
| # | 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 | 12.38% | -1.93% | -9.77% | |
| 2 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 7.77% | -0.81% | -14.11% | |
| 3 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 5.78% | +0.71% | +3.75% | |
| 4 | AMZN | Amazon.com Inc | 股票-循環性消費 | 5.49% | -1.19% | -9.69% | |
| 5 | SHOP | Shopify Inc - Class A | 股票-科技 | 4.16% | -1.09% | -6.00% | |
| 6 | NFLX | Netflix Inc | 股票-通訊服務 | 3.55% | -2.13% | -6.07% | |
| 7 | SPOT | Spotify Technology S.A. | 股票-通訊服務 | 3.41% | -0.41% | +22.07% | |
| 8 | ASML | ASML Holding N.V. | 股票-科技 | 3.32% | +0.62% | -4.50% | |
| 9 | V | Visa Inc-class A Shares | 股票-金融 | 3.29% | -0.26% | -10.35% | |
| 10 | MELI | Mercadolibre Inc | 股票-循環性消費 | 3.23% | -0.85% | -6.71% | |
| 11 | NET | Cloudflare Inc - Class A | 股票-科技 | 2.96% | -0.01% | -1.86% | |
| 12 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.87% | -0.84% | +1.93% | |
| 13 | ICE | Intercontinental Exchange In | 股票-金融 | 2.71% | -0.86% | -20.33% | |
| 14 | CVNA | Carvana Co | 股票-循環性消費 | 2.61% | -0.54% | -13.32% | |
| 15 | AXON | Axon Enterprise Inc | 股票-工業 | 2.61% | +0.47% | -2.79% | |
| 16 | ISRG | Intuitive Surgical Inc | 股票-醫療保健 | 2.39% | -0.54% | -4.04% | |
| 17 | DASH | Doordash Inc - A | 股票-循環性消費 | 2.33% | -0.74% | -12.00% | |
| 18 | MSFT | Microsoft CORP | 股票-科技 | 2.22% | -0.41% | -38.07% | |
| 19 | IOT | Samsara Inc-cl A | 股票-科技 | 1.95% | -0.58% | -18.12% | |
| 20 | NU | Nu Holdings Ltd. | 股票-金融 | 1.94% | -1.32% | -22.69% | |
| 21 | AVGO | Broadcom Inc | 股票-科技 | 1.70% | -0.12% | -33.66% | |
| 22 | SE | Sea Ltd-adr | 股票-通訊服務 | 1.54% | -0.47% | -14.04% | |
| 23 | APP | Applovin Corp-class A | 股票-科技 | 1.52% | +0.07% | -33.61% | |
| 24 | PWR | Quanta Services Inc | 股票-工業 | 1.35% | +0.66% | +8.57% | |
| 25 | XYZ | Block Inc | 股票-金融 | 1.30% | +0.29% | -7.07% | |
| 26 | CRS | Carpenter Technology | 股票-工業 | 1.27% | +0.53% | +32.43% | |
| 27 | CSL | Carlisle Cos Inc | 股票-工業 | 1.20% | -0.12% | -4.96% | |
| 28 | ARGX | Argenx Se - Adr | 股票-醫療保健 | 0.97% | +0.05% | -4.65% | |
| 29 | BE | Bloom Energy Corp- A | 股票-工業 | 0.95% | +2.34% | — | |
| 30 | BLDR | Builders Firstsource Inc | 股票-工業 | 0.85% | -0.09% | -4.96% | |
| 31 | ✓ | On Holding AG | 股票-其他 | 0.84% | +0.14% | -4.66% | |
| 32 | STX | Seagate Technology Holdings plc | 股票-科技 | 0.82% | +1.76% | — | |
| 33 | FLUT | Flutter Entertainment plc | 股票-循環性消費 | 0.80% | -0.80% | EXIT | |
| 34 | TTEK | Tetra Tech Inc | 股票-工業 | 0.79% | -0.79% | EXIT | |
| 35 | MCK | Mckesson CORP | 股票-醫療保健 | 0.68% | -0.16% | +15.50% | |
| 36 | CPNG | Coupang Inc | 股票-循環性消費 | 0.68% | -0.19% | -11.12% | |
| 37 | DDOG | Datadog Inc - Class A | 股票-科技 | 0.65% | +0.32% | -7.10% | |
| 38 | LRCX | Lam Research CORP | 股票-科技 | 0.63% | +1.19% | — | |
| 39 | RBLX | Roblox CORP -class A | 股票-通訊服務 | 0.61% | -0.61% | EXIT | |
| 40 | FWONK | Liberty Media Corp-formula-c | 股票-通訊服務 | 0.52% | +0.01% | -25.10% | |
| 41 | KSPI | Jsc Kaspi.kz Adr | 股票-其他 | 0.46% | +0.03% | -18.60% | |
| 42 | TDG | Transdigm Group Inc | 股票-工業 | 0.43% | +0.01% | -8.57% | |
| 43 | WCN | Waste Connections Inc | 股票-工業 | 0.40% | -0.02% | -34.27% | |
| 44 | APH | Amphenol Corp-cl A | 股票-科技 | 0.40% | +0.10% | -8.35% | |
| 45 | RACE | Ferrari N.V. | 股票-循環性消費 | 0.38% | +0.01% | -7.19% | |
| 46 | RARE | Ultragenyx Pharmaceutical In | 股票-其他 | 0.26% | +0.13% | -7.78% | |
| 47 | BSX | Boston Scientific CORP | 股票-醫療保健 | 0.18% | -0.18% | EXIT | |
| 48 | YMM | Full Truck Alliance -spn Adr | 股票-其他 | 0.16% | -0.03% | -18.83% | |
| 49 | GRAB | Grab Holdings Limited | 股票-科技 | 0.13% | +0.10% | -18.87% | |
| 50 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.12% | +0.08% | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | TSM | Taiwan Semiconductor-sp Adr | +1.5% | -14.11% | 減碼 |
| 2 | ASML | ASML Holding N.V. | +1.1% | -4.50% | 減碼 |
| 3 | GOOGL | Alphabet Inc-cl A | +1.1% | +3.75% | 加碼 |
| 4 | NVDA | Nvidia CORP | +1% | -9.77% | 減碼 |
| 5 | SPOT | Spotify Technology S.A. | +0.8% | +22.07% | 加碼 |
| 6 | NET | Cloudflare Inc - Class A | +0.7% | -1.86% | 減碼 |
| 7 | NFLX | Netflix Inc | +0.7% | -6.07% | 減碼 |
| 8 | CRS | Carpenter Technology | +0.7% | +32.43% | 加碼 |
| 9 | PWR | Quanta Services Inc | +0.6% | +8.57% | 加碼 |
| 10 | META | Meta Platforms Inc-class A | +0.4% | +1.93% | 加碼 |
| 11 | AMZN | Amazon.com Inc | +0.3% | -9.69% | 減碼 |
| 12 | CSL | Carlisle Cos Inc | +0.3% | -4.96% | 減碼 |
| 13 | MCK | Mckesson CORP | +0.3% | +15.50% | 加碼 |
| 14 | XYZ | Block Inc | +0.1% | -7.07% | 減碼 |
| 15 | MELI | Mercadolibre Inc | +0.1% | -6.71% | 減碼 |
| 16 | TTEK | Tetra Tech Inc | +0.1% | -4.97% | 減碼 |
| 17 | ARGX | Argenx Se - Adr | +0.1% | -4.65% | 減碼 |
| 18 | APH | Amphenol Corp-cl A | 0% | -8.35% | 減碼 |
| 19 | RACE | Ferrari N.V. | 0% | -7.19% | 減碼 |
| 20 | LIN | Linde plc | 0% | -7.80% | 減碼 |
| 21 | ISRG | Intuitive Surgical Inc | 0% | -4.04% | 減碼 |
| 22 | DDOG | Datadog Inc - Class A | 0% | -7.10% | 減碼 |
| 23 | RARE | Ultragenyx Pharmaceutical In | 0% | -7.78% | 減碼 |
| 24 | TDG | Transdigm Group Inc | 0% | -8.57% | 減碼 |
| 25 | PANW | Palo Alto Networks Inc | 0% | -1.16% | 減碼 |
| 26 | ICE | Intercontinental Exchange In | — | -20.33% | 減碼 |
| 27 | KSPI | Jsc Kaspi.kz Adr | — | -18.60% | 減碼 |
| 28 | FIG | Figma Inc-cl A | — | -1.16% | 減碼 |
| 29 | STVN | Stevanato Group S.p.A. | — | +0.87% | 加碼 |
| 30 | GTLB | Gitlab Inc-cl A | — | — | 不變 |
| 31 | PLTR | Palantir Technologies Inc-a | — | +15.52% | 加碼 |
| 32 | BABA | Alibaba Group Holding-sp Adr | — | +3.75% | 加碼 |
| 33 | V | Visa Inc-class A Shares | 0% | -10.35% | 減碼 |
| 34 | BLDR | Builders Firstsource Inc | 0% | -4.96% | 減碼 |
| 35 | SNOW | Snowflake Inc | 0% | -65.07% | 減碼 |
| 36 | YMM | Full Truck Alliance -spn Adr | 0% | -18.83% | 減碼 |
| 37 | GRAB | Grab Holdings Limited | 0% | -18.87% | 減碼 |
| 38 | KVYO | Klaviyo Inc-a | 0% | -35.92% | 減碼 |
| 39 | BSX | Boston Scientific CORP | -0.1% | -8.58% | 減碼 |
| 40 | CPNG | Coupang Inc | -0.1% | -11.12% | 減碼 |
| 41 | TEAM | Atlassian Corp-cl A | -0.1% | -89.54% | 減碼 |
| 42 | ✓ | On Holding AG | -0.1% | -4.66% | 減碼 |
| 43 | FWONK | Liberty Media Corp-formula-c | -0.1% | -25.10% | 減碼 |
| 44 | IOT | Samsara Inc-cl A | -0.1% | -18.12% | 減碼 |
| 45 | WCN | Waste Connections Inc | -0.1% | -34.27% | 減碼 |
| 46 | AXON | Axon Enterprise Inc | -0.2% | -2.79% | 減碼 |
| 47 | RBLX | Roblox CORP -class A | -0.2% | -14.35% | 減碼 |
| 48 | NU | Nu Holdings Ltd. | -0.3% | -22.69% | 減碼 |
| 49 | SHOP | Shopify Inc - Class A | -0.5% | -6.00% | 減碼 |
| 50 | CVNA | Carvana Co | -0.5% | -13.32% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Sands Capital Management, LLC 在 Q1 2026 季度的美股持倉總市值約為 US$269.3億，共申報了 67 個公開持股部位。
在 Q1 2026 季度，Sands Capital Management, LLC 按市值排列的前三大核心持股分別為：NVDA (12.4%)、TSM (7.8%)、GOOGL (5.8%)。其中最大持股部位 NVDA 佔據整體投資組合約 12.4% 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
BE
市值: US$2.4億
本季最大獲利了結 / 清倉標的
IRTC
前期市值: US$3.0億
在 Q1 2026 季度中，Sands Capital Management, LLC 共進行了 74 項持倉異動，包含新建倉 9 個部位、加碼 9 個部位、減碼 48 個部位以及清倉 8 個部位。 其中最大新建倉標的為 BE。 本季清倉部位包含 IRTC。
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。