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: 0001446179
申報總市值
US$53.2億
US$53.2億
468 檔
5.6%
在 Q1 2026 的 13F 官方備案中，Susquehanna Fundamental Investments, LLC 管理的美股投資組合規模來到 US$53.2億，整體持股檔數為 468 檔。
從 Q1 2026 申報觀察，Susquehanna Fundamental Investments, LLC 採取防禦導向的調倉策略，本季減碼 41 檔個股並出清 72 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，Susquehanna Fundamental Investments, LLC 的前 5 大核心持股（包含 MSFT, ADBE, V 等）合計佔整體申報市值的 5.6%，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 468 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 | MSFT | Microsoft CORP | 股票-科技 | 2.30% | -1.02% | — | |
| 2 | ADBE | Adobe Inc | 股票-科技 | 2.28% | -2.18% | +79.37% | |
| 3 | V | Visa Inc-class A Shares | 股票-金融 | 2.26% | -0.82% | — | |
| 4 | NOW | Servicenow Inc | 股票-科技 | 2.15% | -2.15% | EXIT | |
| 5 | ADP | Automatic Data Processing | 股票-科技 | 2.13% | -0.76% | +29.63% | |
| 6 | MCO | Moody's CORP | 股票-金融 | 2.12% | -0.98% | +927.15% | |
| 7 | CME | Cme Group Inc | 股票-金融 | 2.09% | -1.27% | +4.37% | |
| 8 | TFC | Truist Financial CORP | 股票-金融 | 1.98% | -0.99% | +2533.76% | |
| 9 | FAST | Fastenal Co | 股票-工業 | 1.91% | -1.12% | +33.16% | |
| 10 | TDG | Transdigm Group Inc | 股票-工業 | 1.91% | -0.64% | +1163.05% | |
| 11 | CM | Can Imperial Bk Of Commerce | 股票-金融 | 1.85% | -1.18% | +4.50% | |
| 12 | UBER | Uber Technologies Inc | 股票-工業 | 1.81% | -0.39% | +740.13% | |
| 13 | CCJ | Cameco CORP | 股票-能源 | 1.67% | -1.59% | — | |
| 14 | PCAR | Paccar Inc | 股票-工業 | 1.61% | -0.94% | +2.83% | |
| 15 | MET | Metlife Inc | 股票-金融 | 1.37% | -0.55% | — | |
| 16 | ADSK | Autodesk Inc | 股票-科技 | 1.32% | -0.22% | +8125.22% | |
| 17 | CB | Chubb Limited | 股票-金融 | 1.28% | +0.04% | -2.63% | |
| 18 | TT | Trane Technologies plc | 股票-工業 | 1.25% | -0.04% | +110.91% | |
| 19 | KEY | Keycorp | 股票-金融 | 1.17% | -0.38% | — | |
| 20 | VLTO | Veralto CORP | 股票-工業 | 1.14% | -0.67% | +1240.49% | |
| 21 | WM | Waste Management Inc | 股票-工業 | 1.11% | +0.25% | +54.40% | |
| 22 | CNH | CNH Industrial N.V. | 股票-工業 | 1.04% | -0.57% | — | |
| 23 | MSI | Motorola Solutions Inc | 股票-科技 | 1.03% | -0.71% | -35.71% | |
| 24 | IR | Ingersoll-rand Inc | 股票-工業 | 1.03% | -0.58% | +29.07% | |
| 25 | XYZ | Block Inc | 股票-金融 | 1.00% | -0.37% | — | |
| 26 | ARM | Arm Holdings Plc-adr | 股票-科技 | 0.93% | +0.32% | — | |
| 27 | PYPL | Paypal Holdings Inc | 股票-金融 | 0.93% | +0.13% | -11.90% | |
| 28 | LII | Lennox International Inc | 股票-工業 | 0.87% | -0.33% | -8.40% | |
| 29 | AON | Aon plc | 股票-金融 | 0.87% | -0.87% | EXIT | |
| 30 | GWRE | Guidewire Software Inc | 股票-科技 | 0.86% | -0.63% | — | |
| 31 | CNQ | Canadian Natural Resources | 股票-能源 | 0.85% | -0.02% | — | |
| 32 | EXPD | Expeditors Intl Wash Inc | 股票-工業 | 0.81% | -0.35% | — | |
| 33 | GDDY | Godaddy Inc - Class A | 股票-科技 | 0.80% | -0.30% | — | |
| 34 | RY | Royal Bank Of Canada | 股票-金融 | 0.80% | -0.18% | +20.39% | |
| 35 | SU | Suncor Energy Inc | 股票-能源 | 0.76% | -0.45% | +45.52% | |
| 36 | WAB | Wabtec CORP | 股票-工業 | 0.76% | -0.03% | -23.92% | |
| 37 | STLD | Steel Dynamics Inc | 股票-原物料 | 0.67% | -0.67% | EXIT | |
| 38 | TRU | Transunion | 股票-金融 | 0.67% | -0.37% | +44.35% | |
| 39 | VRSN | Verisign Inc | 股票-科技 | 0.65% | -0.32% | -44.07% | |
| 40 | OC | Owens Corning | 股票-工業 | 0.65% | -0.19% | — | |
| 41 | PAYX | Paychex Inc | 股票-科技 | 0.64% | -0.38% | -55.93% | |
| 42 | IOT | Samsara Inc-cl A | 股票-科技 | 0.64% | -0.26% | — | |
| 43 | GE | General Electric | 股票-工業 | 0.63% | +0.87% | — | |
| 44 | DT | Dynatrace Inc | 股票-科技 | 0.62% | -0.09% | +302.75% | |
| 45 | NTNX | Nutanix Inc - A | 股票-科技 | 0.60% | -0.12% | — | |
| 46 | GNRC | Generac Holdings Inc | 股票-工業 | 0.56% | -0.14% | +12.48% | |
| 47 | OMF | Onemain Holdings Inc | 股票-金融 | 0.55% | -0.34% | +15.96% | |
| 48 | AL | Air Lease CORP | 股票-其他 | 0.54% | -0.54% | EXIT | |
| 49 | TOST | Toast Inc-class A | 股票-科技 | 0.54% | -0.08% | — | |
| 50 | CTAS | Cintas CORP | 股票-工業 | 0.53% | -0.53% | EXIT |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | TFC | Truist Financial CORP | +1.9% | +2533.76% | 加碼 |
| 2 | MCO | Moody's CORP | +1.9% | +927.15% | 加碼 |
| 3 | TDG | Transdigm Group Inc | +1.8% | +1163.05% | 加碼 |
| 4 | UBER | Uber Technologies Inc | +1.6% | +740.13% | 加碼 |
| 5 | ADSK | Autodesk Inc | +1.3% | +8125.22% | 加碼 |
| 6 | VLTO | Veralto CORP | +1.1% | +1240.49% | 加碼 |
| 7 | FAST | Fastenal Co | +0.8% | +33.16% | 加碼 |
| 8 | TT | Trane Technologies plc | +0.8% | +110.91% | 加碼 |
| 9 | ADBE | Adobe Inc | +0.6% | +79.37% | 加碼 |
| 10 | AON | Aon plc | +0.6% | +187.39% | 加碼 |
| 11 | WM | Waste Management Inc | +0.5% | +54.40% | 加碼 |
| 12 | DT | Dynatrace Inc | +0.5% | +302.75% | 加碼 |
| 13 | SU | Suncor Energy Inc | +0.4% | +45.52% | 加碼 |
| 14 | TTAN | Servicetitan Inc-a | +0.4% | +1003.46% | 加碼 |
| 15 | CME | Cme Group Inc | +0.4% | +4.37% | 加碼 |
| 16 | CCJ | Cameco CORP | +0.4% | — | 不變 |
| 17 | CRBG | Corebridge Financial Inc | +0.4% | +1265.88% | 加碼 |
| 18 | CCC | Ccc Intelligent Solutions Ho | +0.4% | +1037.45% | 加碼 |
| 19 | BMO | Bank Of Montreal | +0.4% | +373.94% | 加碼 |
| 20 | OKTA | Okta Inc | +0.4% | +250.32% | 加碼 |
| 21 | KNSL | Kinsale Capital Group Inc | +0.4% | +220.34% | 加碼 |
| 22 | RELY | Remitly Global Inc | +0.3% | +574.87% | 加碼 |
| 23 | WRB | Wr Berkley CORP | +0.3% | +265.48% | 加碼 |
| 24 | IR | Ingersoll-rand Inc | +0.3% | +29.07% | 加碼 |
| 25 | CM | Can Imperial Bk Of Commerce | +0.3% | +4.50% | 加碼 |
| 26 | ENPH | Enphase Energy Inc | +0.3% | +412.62% | 加碼 |
| 27 | ARW | Arrow Electronics Inc | +0.3% | +102.92% | 加碼 |
| 28 | PJT | Pjt Partners Inc - A | +0.3% | +1092.42% | 加碼 |
| 29 | HLNE | Hamilton Lane Inc-class A | +0.3% | +145.86% | 加碼 |
| 30 | GNRC | Generac Holdings Inc | +0.3% | +12.48% | 加碼 |
| 31 | ERIE | Erie Indemnity Company-cl A | +0.2% | +299.35% | 加碼 |
| 32 | HEI-A | Heico Corp-class A | +0.2% | +615.69% | 加碼 |
| 33 | QCOM | Qualcomm Inc | +0.2% | +328.40% | 加碼 |
| 34 | JHG | Janus Henderson Group plc | +0.2% | +39.58% | 加碼 |
| 35 | HOMB | Home Bancshares Inc | +0.2% | +1228.35% | 加碼 |
| 36 | IMO | Imperial Oil LTD | +0.2% | +54.10% | 加碼 |
| 37 | MLI | Mueller Industries Inc | +0.2% | +349.41% | 加碼 |
| 38 | HLI | Houlihan Lokey Inc | +0.2% | +412.22% | 加碼 |
| 39 | TD | Toronto-dominion Bank | +0.2% | +112.50% | 加碼 |
| 40 | FDX | Fedex CORP | +0.2% | +234.97% | 加碼 |
| 41 | NPO | Enpro Inc | +0.1% | +60.73% | 加碼 |
| 42 | TEAM | Atlassian Corp-cl A | -0.1% | +25.39% | 加碼 |
| 43 | WTS | Watts Water Technologies-a | -0.1% | -94.57% | 減碼 |
| 44 | APPN | Appian Corp-a | -0.1% | -85.61% | 減碼 |
| 45 | HUBS | Hubspot Inc | -0.1% | -5.35% | 減碼 |
| 46 | DKS | Dick's Sporting Goods Inc | -0.1% | -72.45% | 減碼 |
| 47 | RUN | Sunrun Inc | -0.1% | -74.60% | 減碼 |
| 48 | DOCU | Docusign Inc | -0.1% | -43.74% | 減碼 |
| 49 | MCY | Mercury General CORP | -0.1% | -63.38% | 減碼 |
| 50 | BILL | Bill Holdings Inc | -0.2% | -28.62% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Susquehanna Fundamental Investments, LLC 在 Q1 2026 季度的美股持倉總市值約為 US$53.2億，共申報了 468 個公開持股部位。
在 Q1 2026 季度，Susquehanna Fundamental Investments, LLC 按市值排列的前三大核心持股分別為：MSFT (2.3%)、ADBE (2.3%)、V (2.3%)。其中最大持股部位 MSFT 佔據整體投資組合約 2.3% 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
MSFT
市值: US$6124.4萬
本季最大獲利了結 / 清倉標的
CRM
前期市值: US$6023.5萬
在 Q1 2026 季度中，Susquehanna Fundamental Investments, LLC 共進行了 199 項持倉異動，包含新建倉 45 個部位、加碼 41 個部位、減碼 41 個部位以及清倉 72 個部位。 其中最大新建倉標的為 MSFT。 本季清倉部位包含 CRM。
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。