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: 0001856405
申報總市值
US$47.6億
US$47.6億
134 檔
32.3%
根據最新整理的 13F 季度數據集，Sona Asset Management 於 Q4 2025 結束時的管理資產規模為 US$47.6億。該機構在本季度申報了 134 檔美股持倉，呈現出該時期的主要投資地圖。
Q4 2025 的申報記錄反映 Sona Asset Management 的板塊替換策略：機構本季推動了 85 筆增持與 84 筆減持，籌碼呈現明顯的結構重組。
整體而言，Sona Asset Management 的前 5 大持股（包含 LQD, QQQ, INTC）貢獻了組合市值的 32.3%，形成該機構在 Q4 2025 季度的基本面基石。
本季最大新建倉標的
RSP
市值: US$1.2億
本季最大獲利了結 / 清倉標的
GLD
前期市值: US$2.0億
| # | 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 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | ETF-投資等級公司債 | 17.59% | -0.75% | +192.60% | |
| 2 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 7.72% | -0.50% | +1126.67% | |
| 3 | INTC | Intel CORP | 股票-科技 | 3.37% | — | +3915.00% | |
| 4 | ON 0.5 03-01-29債券 | On Semiconductor CORP | 債券 | 3.29% | — | +82.08% | |
| 5 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 3.10% | +0.08% | +5792.75% | |
| 6 | NSC | Norfolk Southern CORP | 股票-工業 | 2.92% | -0.22% | +134.70% | |
| 7 | RSP | Invesco S&p 500 Equal Weight | ETF-大型股與成長 | 2.81% | -0.23% | — | |
| 8 | ETSY 0.125 10-01-26債券 | Etsy Inc | 債券 | 2.75% | -1.37% | +53.40% | |
| 9 | IGSB | Ishares 1-5y Inv Grade CORP | ETF-其他 | 2.73% | -1.35% | +100.00% | |
| 10 | ITRI 0 03-15-26債券 | Itron Inc | 債券 | 2.51% | — | — | |
| 11 | TXNM | Txnm Energy Inc | 股票-公用事業 | 2.46% | +0.11% | NEW | |
| 12 | AKAM 0.375 09-01-27債券 | Akamai Technologies Inc | 債券 | 2.41% | — | — | |
| 13 | EWZ | Ishares Msci Brazil ETF | ETF-其他 | 2.39% | -1.86% | +106.25% | |
| 14 | TLT | Ishares 20+ Year Treasury Bd | ETF-政府公債 | 2.38% | -4.53% | -61.16% | |
| 15 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 2.24% | +1.86% | — | |
| 16 | KMB | Kimberly-clark CORP | 股票-非循環性消費 | 2.01% | — | — | |
| 17 | TCOM 0.75 06-15-29債券 | Trip.com Group LTD | 債券 | 1.82% | -0.23% | — | |
| 18 | ✓ | Kyivstar Group LTD | 股票-其他 | 1.76% | +0.18% | +179.31% | |
| 19 | JAZZ 2 06-15-26債券 | Jazz Investments I LTD | 債券 | 1.70% | — | -22.81% | |
| 20 | BILL 0 04-01-30債券 | Bill Holdings Inc | 債券 | 1.68% | +0.16% | — | |
| 21 | MCHP 0.75 06-01-30債券 | Microchip Technology Inc | 債券 | 1.55% | -0.31% | EXIT | |
| 22 | APO 6.75 07-31-26債券 | Apollo Global Management | 債券 | 1.55% | — | -57.14% | |
| 23 | AKAM 1.125 02-15-29債券 | Akamai Technologies Inc | 債券 | 1.04% | -2.25% | EXIT | |
| 24 | F 0 03-15-26債券 | Ford Motor Company | 債券 | 1.00% | — | -67.56% | |
| 25 | DXCM 0.375 05-15-28債券 | Dexcom Inc | 債券 | 1.00% | — | +6.74% | |
| 26 | NVDA | Nvidia CORP | 股票-科技 | 0.96% | -0.27% | +125.00% | |
| 27 | COIN 0.25 04-01-30債券 | Coinbase Global Inc | 債券 | 0.93% | — | — | |
| 28 | HTHT 3 05-01-26債券 | H World Group LTD | 債券 | 0.87% | -0.57% | EXIT | |
| 29 | TYL 0.25 03-15-26債券 | Tyler Technologies Inc | 債券 | 0.85% | — | +68.18% | |
| 30 | ALB 7.25 03-01-27債券 | Albemarle CORP | 債券 | 0.81% | — | — | |
| 31 | HPE 7.625 09-01-27債券 | Hp Enterprise Co | 債券 | 0.79% | — | -38.24% | |
| 32 | DBX 0 03-01-26債券 | Dropbox Inc | 債券 | 0.78% | — | +146.43% | |
| 33 | DCH | Dauch Corporation | 股票-其他 | 0.76% | +0.22% | +125.84% | |
| 34 | ECHO | Echostar Corp-a | 股票-通訊服務 | 0.75% | -1.38% | +64.68% | |
| 35 | LI 0.25 05-01-28債券 | Li Auto Inc | 債券 | 0.72% | -5.27% | EXIT | |
| 36 | MSTR | Strategy Inc | 股票-科技 | 0.69% | — | +166.67% | |
| 37 | SPOT 0 03-15-26債券 | Spotify USA Inc | 債券 | 0.69% | — | — | |
| 38 | DKNG 0 03-15-28債券 | Draftkings Holdings Inc | 債券 | 0.69% | -0.39% | +29.53% | |
| 39 | WBD | Warner Bros Discovery Inc | 股票-通訊服務 | 0.66% | +2.36% | +300.00% | |
| 40 | COIN 0.5 06-01-26債券 | Coinbase Global Inc | 債券 | 0.57% | -0.47% | EXIT | |
| 41 | DBX 0 03-01-28債券 | Dropbox Inc | 債券 | 0.56% | — | +13.95% | |
| 42 | BBIO 2.25 02-01-29債券 | Bridgebio Pharma Inc | 債券 | 0.56% | — | -30.42% | |
| 43 | REAL 4 02-15-31債券 | THE Realreal Inc | 債券 | 0.54% | — | -7.95% | |
| 44 | ✓ | Blue Acquisition CORP. | 股票-其他 | 0.46% | +0.02% | — | |
| 45 | CC | Chemours Co/the | 股票-原物料 | 0.44% | +0.13% | NEW | |
| 46 | ITB | Ishares U.s. Home Constructi | ETF-其他 | 0.44% | — | — | |
| 47 | COGT 1.625 11-15-31債券 | Cogent Biosciences Inc | 債券 | 0.43% | — | — | |
| 48 | IBIT | Ishares Bitcoin Trust ETF | ETF-加密貨幣 | 0.42% | -0.61% | EXIT | |
| 49 | PSN 2.625 03-01-29債券 | Parsons CORP | 債券 | 0.40% | — | — | |
| 50 | ARKK | Ark Innovation ETF | ETF-其他 | 0.35% | — | -85.82% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | +11.1% | +192.60% | 加碼 |
| 2 | QQQ | Invesco Qqq Trust Series 1 | +7.1% | +1126.67% | 加碼 |
| 3 | INTC | Intel CORP | +3.3% | +3915.00% | 加碼 |
| 4 | SPY | Ss Spdr S&p 500 ETF Trust-us | +3% | +5792.75% | 加碼 |
| 5 | NSC | Norfolk Southern CORP | +1.5% | +134.70% | 加碼 |
| 6 | ON 0.5 03-01-29債券 | On Semiconductor CORP | +1.4% | +82.08% | 加碼 |
| 7 | IGSB | Ishares 1-5y Inv Grade CORP | +1.3% | +100.00% | 加碼 |
| 8 | EWZ | Ishares Msci Brazil ETF | +1.2% | +106.25% | 加碼 |
| 9 | ✓ | Kyivstar Group LTD | +1.1% | +179.31% | 加碼 |
| 10 | ETSY 0.125 10-01-26債券 | Etsy Inc | +0.8% | +53.40% | 加碼 |
| 11 | MCHP 0.75 06-01-30債券 | Microchip Technology Inc | +0.6% | +71.76% | 加碼 |
| 12 | WBD | Warner Bros Discovery Inc | +0.5% | +300.00% | 加碼 |
| 13 | NVDA | Nvidia CORP | +0.5% | +125.00% | 加碼 |
| 14 | DBX 0 03-01-26債券 | Dropbox Inc | +0.4% | +146.43% | 加碼 |
| 15 | DCH | Dauch Corporation | +0.4% | +125.84% | 加碼 |
| 16 | ECHO | Echostar Corp-a | +0.4% | +64.68% | 加碼 |
| 17 | TYL 0.25 03-15-26債券 | Tyler Technologies Inc | +0.3% | +68.18% | 加碼 |
| 18 | IBIT | Ishares Bitcoin Trust ETF | +0.3% | +270.80% | 加碼 |
| 19 | ALB 7.25 03-01-27債券 | Albemarle CORP | +0.3% | — | 不變 |
| 20 | CC | Chemours Co/the | +0.2% | +176.93% | 加碼 |
| 21 | TXNM | Txnm Energy Inc | +0.2% | +10.28% | 加碼 |
| 22 | IHRT | Iheartmedia Inc - Class A | +0.2% | +2693.77% | 加碼 |
| 23 | DKNG 0 03-15-28債券 | Draftkings Holdings Inc | +0.1% | +29.53% | 加碼 |
| 24 | AKAM 1.125 02-15-29債券 | Akamai Technologies Inc | +0.1% | +12.53% | 加碼 |
| 25 | MSTR | Strategy Inc | +0.1% | +166.67% | 加碼 |
| 26 | CORZ | Core Scientific Inc | +0.1% | +100.00% | 加碼 |
| 27 | REAL 4 02-15-31債券 | THE Realreal Inc | +0.1% | -7.95% | 減碼 |
| 28 | BKLN | Invesco Senior Loan ETF | +0.1% | +91.23% | 加碼 |
| 29 | UNH | Unitedhealth Group Inc | +0.1% | +34.15% | 加碼 |
| 30 | HTHT 3 05-01-26債券 | H World Group LTD | +0.1% | — | 不變 |
| 31 | DBX 0 03-01-28債券 | Dropbox Inc | 0% | +13.95% | 加碼 |
| 32 | W 1 08-15-26債券 | Wayfair Inc | 0% | +12.76% | 加碼 |
| 33 | EXAS 0.375 03-15-27債券 | Exact Sciences CORP | 0% | +4.23% | 加碼 |
| 34 | DXCM 0.375 05-15-28債券 | Dexcom Inc | 0% | +6.74% | 加碼 |
| 35 | DG | Dollar General CORP | 0% | — | 不變 |
| 36 | HII | Huntington Ingalls Industrie | 0% | — | 不變 |
| 37 | TIC | Tic Solutions Inc | 0% | +50.00% | 加碼 |
| 38 | VRM | Vroom Inc | — | -7.78% | 減碼 |
| 39 | TKR | Timken Co | — | — | 不變 |
| 40 | EWW | Ishares Msci Mexico ETF | — | — | 不變 |
| 41 | ✓ | — | — | 不變 | |
| 42 | ✓ | — | — | 不變 | |
| 43 | ✓ | — | — | 不變 | |
| 44 | NOTEW | Fiscalnote Holdings Inc-cw25 | — | — | 不變 |
| 45 | ✓ | — | — | 不變 | |
| 46 | ✓ | M3-brigade Acquisition Vi Co | — | — | 不變 |
| 47 | ✓ | Innoviz Technologies LTD Shs | 0% | — | 不變 |
| 48 | HTZ | Hertz Global Hldgs Inc | 0% | +11.39% | 加碼 |
| 49 | CZR | Caesars Entertainment Inc | 0% | — | 不變 |
| 50 | BABA | Alibaba Group Holding-sp Adr | 0% | +26.07% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Sona Asset Management 在 Q4 2025 季度的美股持倉總市值約為 US$47.6億，共申報了 134 個公開持股部位。
在 Q4 2025 季度，Sona Asset Management 按市值排列的前三大核心持股分別為：LQD (17.6%)、QQQ (7.7%)、INTC (3.4%)。其中最大持股部位 LQD 佔據整體投資組合約 17.6% 的權重。
在 Q4 2025 季度中，Sona Asset Management 共進行了 169 項持倉異動，包含新建倉 50 個部位、加碼 35 個部位、減碼 26 個部位以及清倉 58 個部位。 其中最大新建倉標的為 RSP。 本季清倉部位包含 GLD。
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。