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: 0001642575
申報總市值
US$905.2億
US$905.2億
2698 檔
18.3%
在 Q4 2025 申報期間，Squarepoint Ops LLC（CIK: 0001642575）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$905.2億，共持有 2698 個公開申報部位。
從 Q4 2025 申報觀察，Squarepoint Ops LLC 採取防禦導向的調倉策略，本季減碼 115 檔個股並出清 0 檔部位，顯示機構在該時期進行風險控制與流動性回收。
在資產配置集中度方面，Squarepoint Ops LLC 的前 5 大核心持股（包含 IVV, SPY, NVDA 等）合計佔整體申報市值的 18.3%，反映機構在主要關鍵部位上的權重分佈。
僅顯示前 200 大持股（共 2698 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 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 7.64% | -2.71% | +27.21% | |
| 2 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 3.02% | +0.11% | -27.13% | |
| 3 | NVDA | Nvidia CORP | 股票-科技 | 2.77% | +0.30% | -37.06% | |
| 4 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.13% | +0.06% | +42.08% | |
| 5 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 2.06% | +0.18% | -19.72% | |
| 6 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 2.03% | -1.08% | -4.81% | |
| 7 | MSFT | Microsoft CORP | 股票-科技 | 1.81% | -0.95% | -19.31% | |
| 8 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.65% | +0.33% | -18.47% | |
| 9 | AAPL | Apple Inc | 股票-科技 | 1.63% | +0.03% | -19.30% | |
| 10 | AMD | Advanced Micro Devices | 股票-科技 | 1.38% | +1.24% | -18.36% | |
| 11 | TSLA | Tesla Inc | 股票-循環性消費 | 1.36% | -0.43% | -17.13% | |
| 12 | AVGO | Broadcom Inc | 股票-科技 | 1.31% | -0.17% | +17.28% | |
| 13 | EEM | Ishares Msci Emerging Market | ETF-新興市場 | 1.20% | -0.28% | -11.97% | |
| 14 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 1.07% | +0.25% | -8.35% | |
| 15 | SMH | Vaneck Semiconductor ETF | ETF-其他 | 0.88% | +0.83% | +433.08% | |
| 16 | ORCL | Oracle CORP | 股票-科技 | 0.87% | -0.29% | +122.67% | |
| 17 | EFA | Ishares Msci Eafe ETF | ETF-其他 | 0.79% | -0.31% | +22.93% | |
| 18 | MU | Micron Technology Inc | 股票-科技 | 0.69% | +0.75% | -38.00% | |
| 19 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.69% | +0.07% | +16.57% | |
| 20 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.69% | -0.05% | -21.19% | |
| 21 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.65% | -0.09% | -40.03% | |
| 22 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.62% | -0.41% | +31.66% | |
| 23 | NFLX | Netflix Inc | 股票-通訊服務 | 0.61% | +0.02% | +603.38% | |
| 24 | BA | Boeing Co/the | 股票-工業 | 0.56% | -0.18% | +0.92% | |
| 25 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.56% | -0.07% | -43.32% | |
| 26 | LULU | Lululemon Athletica Inc | 股票-循環性消費 | 0.53% | -0.06% | -28.84% | |
| 27 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.51% | -0.20% | -15.00% | |
| 28 | HOOD | Robinhood Markets Inc - A | 股票-金融 | 0.50% | -0.07% | -30.38% | |
| 29 | V | Visa Inc-class A Shares | 股票-金融 | 0.49% | -0.16% | -23.77% | |
| 30 | C | Citigroup Inc | 股票-金融 | 0.49% | -0.17% | -29.74% | |
| 31 | NOW | Servicenow Inc | 股票-科技 | 0.46% | -0.03% | +1138.26% | |
| 32 | NKE | Nike Inc -cl B | 股票-循環性消費 | 0.45% | -0.08% | +5.22% | |
| 33 | XLK | Ss Technology Select Sector | ETF-科技型 | 0.44% | +0.14% | +278.74% | |
| 34 | INTC | Intel CORP | 股票-科技 | 0.44% | +0.68% | -47.94% | |
| 35 | FXI | Ishares China Large-cap ETF | ETF-新興市場 | 0.43% | -0.19% | -1.38% | |
| 36 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 0.42% | +0.18% | +43.75% | |
| 37 | STX | Seagate Technology Holdings plc | 股票-科技 | 0.40% | -0.02% | +82.74% | |
| 38 | GEV | GE Vernova Inc | 股票-工業 | 0.39% | +0.23% | -42.37% | |
| 39 | MS | Morgan Stanley | 股票-金融 | 0.39% | +0.01% | -15.94% | |
| 40 | BABA | Alibaba Group Holding-sp Adr | 股票-循環性消費 | 0.38% | -0.17% | -8.61% | |
| 41 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.38% | -0.16% | +30.51% | |
| 42 | WMT | Walmart Inc | 股票-非循環性消費 | 0.37% | -0.14% | -53.55% | |
| 43 | MP | Mp Materials CORP | 股票-原物料 | 0.37% | -0.04% | +26.41% | |
| 44 | NET | Cloudflare Inc - Class A | 股票-科技 | 0.37% | +0.02% | +18.12% | |
| 45 | NEM | Newmont CORP | 股票-原物料 | 0.36% | -0.29% | +16.64% | |
| 46 | TTD | Trade Desk Inc/the -class A | 股票-通訊服務 | 0.35% | -0.06% | -14.55% | |
| 47 | LRCX | Lam Research CORP | 股票-科技 | 0.34% | +0.07% | +108.63% | |
| 48 | SPOT | Spotify Technology S.A. | 股票-通訊服務 | 0.34% | -0.38% | +66.91% | |
| 49 | TMUS | T-mobile US Inc | 股票-通訊服務 | 0.34% | -0.12% | +387.89% | |
| 50 | RBLX | Roblox CORP -class A | 股票-通訊服務 | 0.33% | -0.02% | +65.07% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | IVV | Ishares Core S&p 500 ETF | +2.1% | +27.21% | 加碼 |
| 2 | SMH | Vaneck Semiconductor ETF | +0.7% | +433.08% | 加碼 |
| 3 | META | Meta Platforms Inc-class A | +0.6% | +42.08% | 加碼 |
| 4 | GOOGL | Alphabet Inc-cl A | +0.5% | -4.81% | 減碼 |
| 5 | ORCL | Oracle CORP | +0.3% | +122.67% | 加碼 |
| 6 | AVGO | Broadcom Inc | +0.3% | +17.28% | 加碼 |
| 7 | TMUS | T-mobile US Inc | +0.3% | +387.89% | 加碼 |
| 8 | KWEB | Kranesh Csi China Internet | +0.3% | +1257.94% | 加碼 |
| 9 | NOW | Servicenow Inc | +0.3% | +1138.26% | 加碼 |
| 10 | XLF | Ss Financial Select Sector | +0.2% | +290.46% | 加碼 |
| 11 | BLK | Blackrock Inc | +0.2% | +711.12% | 加碼 |
| 12 | DASH | Doordash Inc - A | +0.2% | +1023.10% | 加碼 |
| 13 | SO | Southern Co/the | +0.2% | +588.16% | 加碼 |
| 14 | XLK | Ss Technology Select Sector | +0.2% | +278.74% | 加碼 |
| 15 | LRCX | Lam Research CORP | +0.2% | +108.63% | 加碼 |
| 16 | STX | Seagate Technology Holdings plc | +0.2% | +82.74% | 加碼 |
| 17 | EFA | Ishares Msci Eafe ETF | +0.2% | +22.93% | 加碼 |
| 18 | ULTA | Ulta Beauty Inc | +0.2% | +442.94% | 加碼 |
| 19 | EA | Electronic Arts Inc | +0.2% | +631.43% | 加碼 |
| 20 | HWM | Howmet Aerospace Inc | +0.2% | +175.62% | 加碼 |
| 21 | AZO | Autozone Inc | +0.2% | +463.92% | 加碼 |
| 22 | NSC | Norfolk Southern CORP | +0.2% | +175.68% | 加碼 |
| 23 | ASML | ASML Holding N.V. | +0.2% | +134.67% | 加碼 |
| 24 | AMD | Advanced Micro Devices | +0.2% | -18.36% | 減碼 |
| 25 | XLI | Ss Industrial Select Sector | +0.2% | +495.19% | 加碼 |
| 26 | TSM | Taiwan Semiconductor-sp Adr | +0.2% | +43.75% | 加碼 |
| 27 | LIN | Linde plc | +0.2% | +461.35% | 加碼 |
| 28 | CDNS | Cadence Design Sys Inc | +0.1% | +1969.32% | 加碼 |
| 29 | BKNG | Booking Holdings Inc | +0.1% | +134.48% | 加碼 |
| 30 | KLAC | Kla CORP | +0.1% | +72.56% | 加碼 |
| 31 | COST | Costco Wholesale CORP | +0.1% | +31.66% | 加碼 |
| 32 | WMB | Williams Cos Inc | +0.1% | +225.95% | 加碼 |
| 33 | CTAS | Cintas CORP | +0.1% | +753.60% | 加碼 |
| 34 | CAT | Caterpillar Inc | +0.1% | +58.08% | 加碼 |
| 35 | GS | Goldman Sachs Group Inc | +0.1% | +30.51% | 加碼 |
| 36 | BRK-B | Berkshire Hathaway Inc-cl B | +0.1% | +16.57% | 加碼 |
| 37 | SNDK | Sandisk CORP | +0.1% | +1003.07% | 加碼 |
| 38 | MSI | Motorola Solutions Inc | +0.1% | +198.04% | 加碼 |
| 39 | BSX | Boston Scientific CORP | +0.1% | +58.82% | 加碼 |
| 40 | HD | Home Depot Inc | +0.1% | +82.94% | 加碼 |
| 41 | NEM | Newmont CORP | +0.1% | +16.64% | 加碼 |
| 42 | COF | Capital One Financial CORP | +0.1% | +126.75% | 加碼 |
| 43 | DG | Dollar General CORP | +0.1% | +155.18% | 加碼 |
| 44 | TROW | T Rowe Price Group Inc | +0.1% | +745.13% | 加碼 |
| 45 | SHW | Sherwin-williams Co/the | +0.1% | +3218.05% | 加碼 |
| 46 | MDB | Mongodb Inc | +0.1% | +38.79% | 加碼 |
| 47 | XOM | Exxon Mobil CORP | +0.1% | +39.99% | 加碼 |
| 48 | SPOT | Spotify Technology S.A. | +0.1% | +66.91% | 加碼 |
| 49 | ZS | Zscaler Inc | +0.1% | +249.29% | 加碼 |
| 50 | QCOM | Qualcomm Inc | +0.1% | +113.98% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Squarepoint Ops LLC 在 Q4 2025 季度的美股持倉總市值約為 US$905.2億，共申報了 2698 個公開持股部位。
在 Q4 2025 季度，Squarepoint Ops LLC 按市值排列的前三大核心持股分別為：IVV (7.6%)、SPY (3.0%)、NVDA (2.8%)。其中最大持股部位 IVV 佔據整體投資組合約 7.6% 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
MDLN
市值: US$7980.0萬
本季最大獲利了結 / 清倉標的
NVDA
前期市值: US$41.4億
在 Q4 2025 季度中，Squarepoint Ops LLC 共進行了 200 項持倉異動，包含新建倉 3 個部位、加碼 82 個部位、減碼 115 個部位以及清倉 0 個部位。 其中最大新建倉標的為 MDLN。
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。