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: 0001446194
申報總市值
US$1.3兆
US$1.3兆
6420 檔
17.1%
Susquehanna International Group, LLP 在 Q4 2025 季度的美股部位總計估值為 US$1.3兆，分散於 6420 個持倉標的之中，反映其市場參與廣度與投資規模。
觀察 Q4 2025 的資金脈絡，Susquehanna International Group, LLP 在獲利結算 1 檔個股的同時，將資本重新部署至 2 檔新選標的，展現主動管理機構的輪動節奏。
在資產配置集中度方面，Susquehanna International Group, LLP 的前 5 大核心持股（包含 SPY, QQQ, TSLA 等）合計佔整體申報市值的 17.1%，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 6420 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 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 8.91% | -4.51% | -9.81% | |
| 2 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 4.94% | +1.02% | +15.18% | |
| 3 | TSLA | Tesla Inc | 股票-循環性消費 | 4.47% | -0.75% | -11.62% | |
| 4 | NVDA | Nvidia CORP | 股票-科技 | 4.16% | -0.60% | -13.00% | |
| 5 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.88% | -0.41% | +50.52% | |
| 6 | AAPL | Apple Inc | 股票-科技 | 2.38% | -0.08% | -9.52% | |
| 7 | GLD | Spdr Gold Shares | ETF-避險與商品 | 1.96% | -1.07% | +40.71% | |
| 8 | MSFT | Microsoft CORP | 股票-科技 | 1.75% | -0.13% | -15.09% | |
| 9 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.70% | +0.14% | +2.19% | |
| 10 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 1.69% | +0.40% | -13.12% | |
| 11 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.61% | +0.14% | -4.72% | |
| 12 | AVGO | Broadcom Inc | 股票-科技 | 1.29% | +0.04% | +0.81% | |
| 13 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 1.19% | -0.22% | -17.84% | |
| 14 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.13% | +0.10% | +13.52% | |
| 15 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 1.12% | +0.04% | -4.78% | |
| 16 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 1.11% | -0.17% | -7.82% | |
| 17 | AMD | Advanced Micro Devices | 股票-科技 | 1.04% | +1.25% | -6.58% | |
| 18 | MU | Micron Technology Inc | 股票-科技 | 1.00% | +4.06% | -1.06% | |
| 19 | NFLX | Netflix Inc | 股票-通訊服務 | 0.98% | -0.51% | +857.01% | |
| 20 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.98% | -0.02% | -11.16% | |
| 21 | TLT | Ishares 20+ Year Treasury Bd | ETF-政府公債 | 0.82% | -0.17% | +6.50% | |
| 22 | ORCL | Oracle CORP | 股票-科技 | 0.80% | -0.25% | +23.24% | |
| 23 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.80% | -0.09% | +39.65% | |
| 24 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 0.77% | -0.19% | +36.10% | |
| 25 | SLV | Ishares Silver Trust | ETF-避險與商品 | 0.75% | -0.39% | +49.00% | |
| 26 | APP | Applovin Corp-class A | 股票-科技 | 0.68% | -0.07% | -27.44% | |
| 27 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.63% | — | -6.36% | |
| 28 | BABA | Alibaba Group Holding-sp Adr | 股票-循環性消費 | 0.62% | -0.20% | -1.41% | |
| 29 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.62% | -0.16% | +4.68% | |
| 30 | BA | Boeing Co/the | 股票-工業 | 0.56% | -0.16% | +9.07% | |
| 31 | HOOD | Robinhood Markets Inc - A | 股票-金融 | 0.55% | +0.04% | -11.27% | |
| 32 | SMH | Vaneck Semiconductor ETF | ETF-其他 | 0.53% | +1.52% | +23.16% | |
| 33 | COIN | Coinbase Global Inc -class A | 股票-金融 | 0.51% | -0.14% | -12.05% | |
| 34 | CVNA | Carvana Co | 股票-循環性消費 | 0.50% | -0.15% | +30.50% | |
| 35 | GDX | Vaneck Gold Miners ETF | ETF-避險與商品 | 0.50% | -0.15% | +39.86% | |
| 36 | EFA | Ishares Msci Eafe ETF | ETF-其他 | 0.49% | -0.15% | +19.00% | |
| 37 | INTC | Intel CORP | 股票-科技 | 0.48% | +0.67% | -0.06% | |
| 38 | FSLR | First Solar Inc | 股票-科技 | 0.47% | -0.02% | -4.86% | |
| 39 | DIA | Ss Spdr Dow Jones Indus Avg | ETF-大型股與成長 | 0.45% | +0.02% | +6.18% | |
| 40 | CRWD | Crowdstrike Holdings Inc - A | 股票-科技 | 0.44% | +0.20% | -3.00% | |
| 41 | MSTR | Strategy Inc | 股票-科技 | 0.41% | -0.24% | -7.69% | |
| 42 | ASML | ASML Holding N.V. | 股票-科技 | 0.40% | +0.04% | -8.24% | |
| 43 | C | Citigroup Inc | 股票-金融 | 0.39% | -0.12% | +13.33% | |
| 44 | CRM | Salesforce Inc | 股票-科技 | 0.38% | -0.06% | +3.63% | |
| 45 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.38% | -0.11% | -20.68% | |
| 46 | IBIT | Ishares Bitcoin Trust ETF | ETF-加密貨幣 | 0.37% | -0.07% | -17.11% | |
| 47 | ADBE | Adobe Inc | 股票-科技 | 0.35% | -0.11% | -4.75% | |
| 48 | EEM | Ishares Msci Emerging Market | ETF-新興市場 | 0.30% | -0.16% | -19.26% | |
| 49 | GEV | GE Vernova Inc | 股票-工業 | 0.30% | — | -2.03% | |
| 50 | MELI | Mercadolibre Inc | 股票-循環性消費 | 0.29% | -0.05% | +1.65% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | QQQ | Invesco Qqq Trust Series 1 | +0.8% | +15.18% | 加碼 |
| 2 | META | Meta Platforms Inc-class A | +0.8% | +50.52% | 加碼 |
| 3 | GLD | Spdr Gold Shares | +0.7% | +40.71% | 加碼 |
| 4 | SLV | Ishares Silver Trust | +0.4% | +49.00% | 加碼 |
| 5 | GOOGL | Alphabet Inc-cl A | +0.4% | +2.19% | 加碼 |
| 6 | MU | Micron Technology Inc | +0.4% | -1.06% | 減碼 |
| 7 | GOOG | Alphabet Inc-cl C | +0.4% | +13.52% | 加碼 |
| 8 | GS | Goldman Sachs Group Inc | +0.3% | +39.65% | 加碼 |
| 9 | BKNG | Booking Holdings Inc | +0.2% | +36.10% | 加碼 |
| 10 | AMD | Advanced Micro Devices | +0.2% | -6.58% | 減碼 |
| 11 | LLY | Eli Lilly & Co | +0.2% | -11.16% | 減碼 |
| 12 | GDX | Vaneck Gold Miners ETF | +0.2% | +39.86% | 加碼 |
| 13 | CVNA | Carvana Co | +0.2% | +30.50% | 加碼 |
| 14 | SMH | Vaneck Semiconductor ETF | +0.1% | +23.16% | 加碼 |
| 15 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | +0.1% | +160.25% | 加碼 |
| 16 | XBI | Ss Spdr S&p Biotech ETF | +0.1% | +55.93% | 加碼 |
| 17 | LRCX | Lam Research CORP | +0.1% | +28.25% | 加碼 |
| 18 | IVV | Ishares Core S&p 500 ETF | +0.1% | +59.69% | 加碼 |
| 19 | C | Citigroup Inc | +0.1% | +13.33% | 加碼 |
| 20 | EFA | Ishares Msci Eafe ETF | +0.1% | +19.00% | 加碼 |
| 21 | JIRE | Jpmorgan Int Res Enh Eqty | +0.1% | +51442.21% | 加碼 |
| 22 | SHOP | Shopify Inc - Class A | +0.1% | +52.37% | 加碼 |
| 23 | LITE | Lumentum Holdings Inc | +0.1% | +98.46% | 加碼 |
| 24 | AVGO | Broadcom Inc | +0.1% | +0.81% | 加碼 |
| 25 | ISRG | Intuitive Surgical Inc | +0.1% | +24.16% | 加碼 |
| 26 | WMT | Walmart Inc | +0.1% | +20.32% | 加碼 |
| 27 | WDC | Western Digital CORP | +0.1% | +16.94% | 加碼 |
| 28 | MRK | Merck & Co. Inc. | +0.1% | +15.70% | 加碼 |
| 29 | WBD | Warner Bros Discovery Inc | +0.1% | +27.01% | 加碼 |
| 30 | NEM | Newmont CORP | +0.1% | +13.98% | 加碼 |
| 31 | FSLR | First Solar Inc | +0.1% | -4.86% | 減碼 |
| 32 | CAT | Caterpillar Inc | +0.1% | +4.99% | 加碼 |
| 33 | PEP | Pepsico Inc | +0.1% | +30.94% | 加碼 |
| 34 | SNDK | Sandisk CORP | +0.1% | +37.54% | 加碼 |
| 35 | CRM | Salesforce Inc | +0.1% | +3.63% | 加碼 |
| 36 | ASTS | Ast Spacemobile Inc | +0.1% | -0.19% | 減碼 |
| 37 | INTU | Intuit Inc | +0.1% | +36.50% | 加碼 |
| 38 | BA | Boeing Co/the | +0.1% | +9.07% | 加碼 |
| 39 | MAR | Marriott International -cl A | +0.1% | +60.23% | 加碼 |
| 40 | CSCO | Cisco Systems Inc | +0.1% | +19.16% | 加碼 |
| 41 | INTC | Intel CORP | +0.1% | -0.06% | 減碼 |
| 42 | DIA | Ss Spdr Dow Jones Indus Avg | +0.1% | +6.18% | 加碼 |
| 43 | AGQ | Proshares Ultra Silver | 0% | +228.68% | 加碼 |
| 44 | TSM | Taiwan Semiconductor-sp Adr | 0% | -4.78% | 減碼 |
| 45 | SOFI | Sofi Technologies Inc | 0% | +21.39% | 加碼 |
| 46 | SOXL | Direx Dail Semi Bu 3x Et-usd | 0% | +18.24% | 加碼 |
| 47 | KMB | Kimberly-clark CORP | 0% | +207.15% | 加碼 |
| 48 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | 0% | +16.47% | 加碼 |
| 49 | GM | General Motors Co | 0% | +26.57% | 加碼 |
| 50 | CLS | Celestica Inc | 0% | +25.37% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Susquehanna International Group, LLP 在 Q4 2025 季度的美股持倉總市值約為 US$1.3兆，共申報了 6420 個公開持股部位。
在 Q4 2025 季度，Susquehanna International Group, LLP 按市值排列的前三大核心持股分別為：SPY (8.9%)、QQQ (4.9%)、TSLA (4.5%)。其中最大持股部位 SPY 佔據整體投資組合約 8.9% 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
SQQQ
市值: US$5.7億
本季最大獲利了結 / 清倉標的
07WA
前期市值: US$3.4億
在 Q4 2025 季度中，Susquehanna International Group, LLP 共進行了 200 項持倉異動，包含新建倉 2 個部位、加碼 95 個部位、減碼 102 個部位以及清倉 1 個部位。 其中最大新建倉標的為 SQQQ。 本季清倉部位包含 07WA。
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。