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: 0001965239
申報總市值
US$1.1億
US$1.1億
101 檔
92.8%
根據最新整理的 13F 季度數據集，STF Management LP 於 Q3 2025 結束時的管理資產規模為 US$1.1億。該機構在本季度申報了 101 檔美股持倉，呈現出該時期的主要投資地圖。
STF Management LP 在 Q3 2025 的調整主要集中於風險出清，清倉與減碼部位合計達 30 檔，反映機構對當前市場環境或個別公司估值採取較為保留之看法。
檢視投資組合結構，前 5 大主力部位（包含 NVDA, MSFT, AAPL）占據了總市值的 92.8%，展現出該機構在 Q3 2025 的重點資金聚焦與風險分佈特徵。
| # | 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 | 9.70% | +0.10% | -3.39% | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 8.42% | -0.67% | -2.36% | |
| 3 | AAPL | Apple Inc | 股票-科技 | 8.32% | +0.50% | -3.68% | |
| 4 | AVGO | Broadcom Inc | 股票-科技 | 5.20% | +0.29% | -1.89% | |
| 5 | AMZN | Amazon.com Inc | 股票-循環性消費 | 5.02% | +0.29% | -2.29% | |
| 6 | TSLA | Tesla Inc | 股票-循環性消費 | 3.52% | -0.01% | -2.97% | |
| 7 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 3.34% | -0.34% | -2.05% | |
| 8 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 3.09% | +0.77% | -2.27% | |
| 9 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 2.92% | +0.70% | -3.08% | |
| 10 | NFLX | Netflix Inc | 股票-通訊服務 | 2.80% | -0.69% | -1.90% | |
| 11 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 2.28% | -0.37% | -2.04% | |
| 12 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 2.20% | -0.07% | -2.11% | |
| 13 | TMUS | T-mobile US Inc | 股票-通訊服務 | 1.57% | -0.43% | -2.73% | |
| 14 | CSCO | Cisco Systems Inc | 股票-科技 | 1.54% | +0.11% | -2.66% | |
| 15 | AMD | Advanced Micro Devices | 股票-科技 | 1.46% | +0.48% | -1.81% | |
| 16 | LIN | Linde plc | 股票-原物料 | 1.27% | -0.24% | -2.60% | |
| 17 | APP | Applovin Corp-class A | 股票-科技 | 1.14% | -0.01% | -0.26% | |
| 18 | PEP | Pepsico Inc | 股票-非循環性消費 | 1.08% | -0.17% | -2.70% | |
| 19 | INTU | Intuit Inc | 股票-科技 | 1.07% | -0.31% | -2.55% | |
| 20 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 1.06% | -0.13% | +0.57% | |
| 21 | QCOM | Qualcomm Inc | 股票-科技 | 1.03% | -0.37% | -2.63% | |
| 22 | MU | Micron Technology Inc | 股票-科技 | 1.03% | +0.75% | -2.59% | |
| 23 | LRCX | Lam Research CORP | 股票-科技 | 0.97% | +0.23% | -2.60% | |
| 24 | AMAT | Applied Materials Inc | 股票-科技 | 0.95% | +0.15% | -2.68% | |
| 25 | TXN | Texas Instruments Inc | 股票-科技 | 0.95% | -0.14% | -2.74% | |
| 26 | SHOP | Shopify Inc - Class A | 股票-科技 | 0.95% | +0.12% | -1.23% | |
| 27 | ISRG | Intuitive Surgical Inc | 股票-醫療保健 | 0.88% | +0.15% | -2.64% | |
| 28 | AMGN | Amgen Inc | 股票-醫療保健 | 0.84% | +0.03% | -2.60% | |
| 29 | KLAC | Kla CORP | 股票-科技 | 0.81% | +0.16% | -2.84% | |
| 30 | GILD | Gilead Sciences Inc | 股票-醫療保健 | 0.78% | +0.04% | -2.51% | |
| 31 | HON | Honeywell International Inc | 股票-工業 | 0.77% | -0.12% | -2.54% | |
| 32 | PANW | Palo Alto Networks Inc | 股票-科技 | 0.74% | -0.06% | -2.56% | |
| 33 | MELI | Mercadolibre Inc | 股票-循環性消費 | 0.68% | -0.13% | +1.54% | |
| 34 | ADI | Analog Devices Inc | 股票-科技 | 0.68% | +0.05% | -2.67% | |
| 35 | CMCSA | Comcast Corp-class A | 股票-通訊服務 | 0.67% | -0.27% | -2.71% | |
| 36 | ADP | Automatic Data Processing | 股票-科技 | 0.67% | -0.12% | -2.61% | |
| 37 | CRWD | Crowdstrike Holdings Inc - A | 股票-科技 | 0.64% | +0.01% | +0.03% | |
| 38 | VRTX | Vertex Pharmaceuticals Inc | 股票-醫療保健 | 0.58% | +0.06% | -2.66% | |
| 39 | DASH | Doordash Inc - A | 股票-循環性消費 | 0.57% | -0.06% | -2.48% | |
| 40 | ADBE | Adobe Inc | 股票-科技 | 0.57% | +0.08% | +0.09% | |
| 41 | CEG | Constellation Energy | 股票-公用事業 | 0.57% | +0.01% | -2.70% | |
| 42 | INTC | Intel CORP | 股票-科技 | 0.57% | +0.14% | +2.44% | |
| 43 | CDNS | Cadence Design Sys Inc | 股票-科技 | 0.53% | -0.02% | -2.48% | |
| 44 | ORLY | O'reilly Automotive Inc | 股票-循環性消費 | 0.53% | -0.11% | -2.70% | |
| 45 | ASML | ASML Holding N.V. | 股票-科技 | 0.50% | +0.05% | -3.22% | |
| 46 | SNPS | Synopsys Inc | 股票-科技 | 0.49% | +0.03% | +16.06% | |
| 47 | MDLZ | Mondelez International Inc-a | 股票-非循環性消費 | 0.47% | -0.13% | -2.62% | |
| 48 | CTAS | Cintas CORP | 股票-工業 | 0.46% | -0.07% | -2.64% | |
| 49 | MAR | Marriott International -cl A | 股票-循環性消費 | 0.41% | — | -2.76% | |
| 50 | MRVL | Marvell Technology Inc | 股票-科技 | 0.40% | — | -2.62% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +2.4% | -3.39% | 減碼 |
| 2 | AVGO | Broadcom Inc | +1.8% | -1.89% | 加碼 |
| 3 | PLTR | Palantir Technologies Inc-a | +0.9% | -2.11% | 加碼 |
| 4 | TSLA | Tesla Inc | +0.9% | -2.97% | 加碼 |
| 5 | APP | Applovin Corp-class A | +0.6% | -0.26% | 加碼 |
| 6 | GOOGL | Alphabet Inc-cl A | +0.6% | -2.27% | 加碼 |
| 7 | MSFT | Microsoft CORP | +0.6% | -2.36% | 加碼 |
| 8 | GOOG | Alphabet Inc-cl C | +0.5% | -3.08% | 減碼 |
| 9 | MU | Micron Technology Inc | +0.3% | -2.59% | 減碼 |
| 10 | LRCX | Lam Research CORP | +0.3% | -2.60% | 減碼 |
| 11 | AMD | Advanced Micro Devices | +0.3% | -1.81% | 加碼 |
| 12 | KLAC | Kla CORP | +0.1% | -2.84% | 減碼 |
| 13 | CEG | Constellation Energy | +0.1% | -2.70% | 減碼 |
| 14 | INTC | Intel CORP | +0.1% | +2.44% | 加碼 |
| 15 | AMAT | Applied Materials Inc | +0.1% | -2.68% | 減碼 |
| 16 | DASH | Doordash Inc - A | +0.1% | -2.48% | 減碼 |
| 17 | WBD | Warner Bros Discovery Inc | +0.1% | -2.93% | 減碼 |
| 18 | CRWD | Crowdstrike Holdings Inc - A | +0.1% | +0.03% | 加碼 |
| 19 | ASML | ASML Holding N.V. | +0.1% | -3.22% | 減碼 |
| 20 | CDNS | Cadence Design Sys Inc | 0% | -2.48% | 減碼 |
| 21 | IDXX | Idexx Laboratories Inc | 0% | -3.06% | 減碼 |
| 22 | ZS | Zscaler Inc | 0% | -3.34% | 減碼 |
| 23 | SNPS | Synopsys Inc | 0% | +16.06% | 加碼 |
| 24 | MRVL | Marvell Technology Inc | 0% | -2.62% | 減碼 |
| 25 | AXON | Axon Enterprise Inc | 0% | +0.69% | 加碼 |
| 26 | EA | Electronic Arts Inc | 0% | -2.99% | 減碼 |
| 27 | DDOG | Datadog Inc - Class A | 0% | -2.82% | 減碼 |
| 28 | NFLX | Netflix Inc | — | -1.90% | 加碼 |
| 29 | META | Meta Platforms Inc-class A | 0% | -2.05% | 加碼 |
| 30 | ADSK | Autodesk Inc | 0% | -2.48% | 減碼 |
| 31 | MELI | Mercadolibre Inc | 0% | +1.54% | 加碼 |
| 32 | ADI | Analog Devices Inc | 0% | -2.67% | 減碼 |
| 33 | PANW | Palo Alto Networks Inc | -0.1% | -2.56% | 不變 |
| 34 | BKNG | Booking Holdings Inc | -0.1% | +0.57% | 加碼 |
| 35 | LULU | Lululemon Athletica Inc | -0.1% | -3.17% | 減碼 |
| 36 | CHTR | Charter Communications Inc-a | -0.2% | -1.78% | 加碼 |
| 37 | INTU | Intuit Inc | -0.2% | -2.55% | 減碼 |
| 38 | QCOM | Qualcomm Inc | -0.2% | -2.63% | 減碼 |
| 39 | CSCO | Cisco Systems Inc | -0.3% | -2.66% | 減碼 |
| 40 | VRTX | Vertex Pharmaceuticals Inc | -0.4% | -2.66% | 減碼 |
| 41 | AMGN | Amgen Inc | -0.4% | -2.60% | 減碼 |
| 42 | CMCSA | Comcast Corp-class A | -0.4% | -2.71% | 減碼 |
| 43 | ISRG | Intuitive Surgical Inc | -0.4% | -2.64% | 減碼 |
| 44 | PEP | Pepsico Inc | -0.4% | -2.70% | 減碼 |
| 45 | AMZN | Amazon.com Inc | -0.6% | -2.29% | 加碼 |
| 46 | TMUS | T-mobile US Inc | -0.7% | -2.73% | 減碼 |
| 47 | AAPL | Apple Inc | -1.2% | -3.68% | 減碼 |
| 48 | SHOP | Shopify Inc - Class A | — | NEW | 新建倉 |
| 49 | TRI4EUR | Thomson Reuters CORP | — | NEW | 新建倉 |
| 50 | AKX | Ansys Inc | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，STF Management LP 在 Q3 2025 季度的美股持倉總市值約為 US$1.1億，共申報了 101 個公開持股部位。
在 Q3 2025 季度，STF Management LP 按市值排列的前三大核心持股分別為：NVDA (9.7%)、MSFT (8.4%)、AAPL (8.3%)。其中最大持股部位 NVDA 佔據整體投資組合約 9.7% 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
SHOP
市值: US$255.2萬
本季最大獲利了結 / 清倉標的
AKX
前期市值: US$40.4萬
在 Q3 2025 季度中，STF Management LP 共進行了 49 項持倉異動，包含新建倉 2 個部位、加碼 17 個部位、減碼 29 個部位以及清倉 1 個部位。 其中最大新建倉標的為 SHOP。 本季清倉部位包含 AKX。
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。