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: 0001091370
申報總市值
US$20.8億
US$20.8億
576 檔
14.6%
在 Q4 2025 申報期間，Thoroughbred Financial Services, LLC（CIK: 0001091370）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$20.8億，共持有 576 個公開申報部位。
Thoroughbred Financial Services, LLC 於 Q4 2025 展現出進攻型調倉步調，本季推動了 2 檔股票的新建倉與 29 檔既有部位加碼，整體資金傾向擴大在美股市場的曝險佈局。
從部位權重觀察，前 5 大標的（包含 NVDA, AAPL, MSFT）累計市值佔比達 14.6%，是驅動 Thoroughbred Financial Services, LLC 該季度整體投資組合績效表現的核心支柱。
僅顯示前 200 大持股（共 576 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 | NVDA | Nvidia CORP | 股票-科技 | 5.62% | -0.37% | +0.00% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 4.96% | -0.39% | -0.26% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 3.00% | -0.41% | +0.62% | |
| 4 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.34% | -0.16% | +1.88% | |
| 5 | AVGO | Broadcom Inc | 股票-科技 | 2.14% | -0.01% | +0.45% | |
| 6 | QQQM | Invesco Nasdaq 100 ETF | ETF-科技型 | 1.88% | +0.31% | +11.19% | |
| 7 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 1.71% | +0.30% | +2.37% | |
| 8 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 1.71% | +0.03% | +0.04% | |
| 9 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.54% | -0.02% | +0.06% | |
| 10 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.51% | -0.14% | +1.83% | |
| 11 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.47% | +0.01% | +0.43% | |
| 12 | RWL | Invesco S&p 500 Revenue ETF | ETF-大型股與成長 | 1.40% | -0.09% | +38.64% | |
| 13 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.35% | -0.21% | +2.71% | |
| 14 | CGDV | Cap Group Dividend Value | ETF-其他 | 1.27% | +0.09% | +24.89% | |
| 15 | WMT | Walmart Inc | 股票-非循環性消費 | 1.25% | -0.37% | -0.67% | |
| 16 | VOO | Vanguard S&p 500 ETF | ETF-大型股與成長 | 1.25% | -0.06% | +5.11% | |
| 17 | VTI | Vanguard Total Stock Mkt ETF | ETF-其他 | 1.22% | — | +12.88% | |
| 18 | COWZ | Pacer US Cash Cows 100 ETF | ETF-其他 | 1.20% | -0.32% | -0.01% | |
| 19 | APP | Applovin Corp-class A | 股票-科技 | 1.14% | +0.04% | +1.49% | |
| 20 | SPMO | Invesco S&p 500 Momentum ETF | ETF-大型股與成長 | 1.05% | +0.81% | +157.68% | |
| 21 | ITOT | Ishares Core S&p Total U.s. | ETF-其他 | 1.04% | -0.07% | -1.23% | |
| 22 | CLS | Celestica Inc | 股票-科技 | 1.03% | +0.04% | +0.70% | |
| 23 | JEPI | Jpmorgan Equity Premium Inco | ETF-其他 | 1.01% | -0.73% | -5.67% | |
| 24 | IWY | Ishares Russell Top 200 Grow | ETF-其他 | 1.00% | -0.06% | -0.17% | |
| 25 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.95% | -0.18% | -2.18% | |
| 26 | SHOP | Shopify Inc - Class A | 股票-科技 | 0.93% | -0.21% | +0.50% | |
| 27 | MU | Micron Technology Inc | 股票-科技 | 0.92% | +2.15% | +12.84% | |
| 28 | IOO | Ishares Global 100 ETF | ETF-其他 | 0.86% | -0.07% | +8.73% | |
| 29 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 0.86% | -0.06% | +1.70% | |
| 30 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.83% | +0.06% | -0.54% | |
| 31 | XLG | Invesco S&p 500 Top 50 ETF | ETF-大型股與成長 | 0.72% | -0.10% | -0.17% | |
| 32 | QTOP | Ishares Nsdq Top 30 Stocks | ETF-其他 | 0.69% | +0.21% | -0.24% | |
| 33 | RDVY | First Trust Rising Dividend | ETF-其他 | 0.68% | — | +0.52% | |
| 34 | CGGR | Cap Group Growth Equity | ETF-其他 | 0.62% | +0.05% | +14.51% | |
| 35 | DGRO | Ishares Core Dividend Growth | ETF-其他 | 0.61% | -0.09% | -0.73% | |
| 36 | V | Visa Inc-class A Shares | 股票-金融 | 0.57% | -0.04% | -0.29% | |
| 37 | XMHQ | Invesco S&p Midcap Qual ETF | ETF-其他 | 0.55% | -0.08% | -4.41% | |
| 38 | HD | Home Depot Inc | 股票-循環性消費 | 0.53% | -0.12% | -3.82% | |
| 39 | FDVV | Fidelity High Dividend ETF | ETF-其他 | 0.52% | -0.03% | +4.34% | |
| 40 | DIVO | Amplify Cwp Enhan Divid ETF | ETF-其他 | 0.47% | +0.42% | +86.76% | |
| 41 | DBEF | Xtrackers Msci Eafe Hedged E | ETF-其他 | 0.46% | -0.07% | -0.09% | |
| 42 | MELI | Mercadolibre Inc | 股票-循環性消費 | 0.45% | -0.11% | -4.35% | |
| 43 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.45% | -0.13% | -5.90% | |
| 44 | BAC | Bank Of America CORP | 股票-金融 | 0.44% | +0.01% | +3.28% | |
| 45 | IUSG | Ishares Core S&p U.s. Growth | ETF-其他 | 0.44% | -0.01% | -3.08% | |
| 46 | SPGP | Invesco S&p 500 Garp ETF | ETF-大型股與成長 | 0.43% | -0.08% | -1.54% | |
| 47 | JEPQ | JPM Nasdaq Equity Premium | ETF-科技型 | 0.43% | -0.05% | +2.11% | |
| 48 | XMMO | Invesco S&p Midcap Momentum | ETF-其他 | 0.42% | +0.05% | +3.51% | |
| 49 | AMD | Advanced Micro Devices | 股票-科技 | 0.42% | +0.60% | +8.80% | |
| 50 | XOM | Exxon Mobil CORP | 股票-能源 | 0.41% | -0.58% | EXIT |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | SPMO | Invesco S&p 500 Momentum ETF | +0.6% | +157.68% | 加碼 |
| 2 | MU | Micron Technology Inc | +0.4% | +12.84% | 加碼 |
| 3 | RWL | Invesco S&p 500 Revenue ETF | +0.4% | +38.64% | 加碼 |
| 4 | GOOG | Alphabet Inc-cl C | +0.3% | +0.06% | 加碼 |
| 5 | GOOGL | Alphabet Inc-cl A | +0.3% | +0.43% | 加碼 |
| 6 | CGDV | Cap Group Dividend Value | +0.3% | +24.89% | 加碼 |
| 7 | LLY | Eli Lilly & Co | +0.2% | -0.54% | 減碼 |
| 8 | DIVO | Amplify Cwp Enhan Divid ETF | +0.2% | +86.76% | 加碼 |
| 9 | QQQM | Invesco Nasdaq 100 ETF | +0.2% | +11.19% | 加碼 |
| 10 | CLS | Celestica Inc | +0.1% | +0.70% | 加碼 |
| 11 | VTI | Vanguard Total Stock Mkt ETF | +0.1% | +12.88% | 加碼 |
| 12 | AMD | Advanced Micro Devices | +0.1% | +8.80% | 加碼 |
| 13 | TSM | Taiwan Semiconductor-sp Adr | +0.1% | +2.37% | 加碼 |
| 14 | AAPL | Apple Inc | +0.1% | -0.26% | 減碼 |
| 15 | IDMO | Invesco S&p International De | +0.1% | +65.31% | 加碼 |
| 16 | IOO | Ishares Global 100 ETF | +0.1% | +8.73% | 加碼 |
| 17 | AVNM | Avantis All Intl Mkts Eq ETF | +0.1% | +37.75% | 加碼 |
| 18 | AMZN | Amazon.com Inc | +0.1% | +1.88% | 加碼 |
| 19 | CGGR | Cap Group Growth Equity | +0.1% | +14.51% | 加碼 |
| 20 | CGGE | Cap Group Global Eq | +0.1% | +76.57% | 加碼 |
| 21 | FENI | Fidelity Enhanced Intl ETF | +0.1% | +119.92% | 加碼 |
| 22 | VOO | Vanguard S&p 500 ETF | 0% | +5.11% | 加碼 |
| 23 | SHOP | Shopify Inc - Class A | 0% | +0.50% | 加碼 |
| 24 | WMT | Walmart Inc | 0% | -0.67% | 減碼 |
| 25 | AVGO | Broadcom Inc | 0% | +0.45% | 加碼 |
| 26 | JPM | Jpmorgan Chase & Co | — | +1.83% | 加碼 |
| 27 | URI | United Rentals Inc | -0.1% | -5.90% | 減碼 |
| 28 | PSIX | Power Solutions Internationa | -0.1% | +1.88% | 加碼 |
| 29 | CRWV | Coreweave Inc-cl A | -0.1% | +8.77% | 加碼 |
| 30 | COST | Costco Wholesale CORP | -0.1% | -5.90% | 減碼 |
| 31 | OKLO | Oklo Inc | -0.1% | +0.19% | 加碼 |
| 32 | ZS | Zscaler Inc | -0.1% | -11.67% | 減碼 |
| 33 | ORCL | Oracle CORP | -0.1% | -1.30% | 減碼 |
| 34 | RGTI | Rigetti Computing Inc | -0.1% | -15.04% | 減碼 |
| 35 | LIN | Linde plc | -0.1% | -17.73% | 減碼 |
| 36 | JEPI | Jpmorgan Equity Premium Inco | -0.1% | -5.67% | 減碼 |
| 37 | APP | Applovin Corp-class A | -0.1% | +1.49% | 加碼 |
| 38 | MELI | Mercadolibre Inc | -0.1% | -4.35% | 減碼 |
| 39 | SMCI | Super Micro Computer Inc | -0.1% | -27.92% | 減碼 |
| 40 | NOBL | Proshares S&p 500 Dividend A | -0.1% | -43.80% | 減碼 |
| 41 | HD | Home Depot Inc | -0.2% | -3.82% | 減碼 |
| 42 | META | Meta Platforms Inc-class A | -0.2% | -2.18% | 減碼 |
| 43 | TSLA | Tesla Inc | -0.2% | -44.18% | 減碼 |
| 44 | NFLX | Netflix Inc | -0.3% | +303.12% | 加碼 |
| 45 | MSFT | Microsoft CORP | -0.3% | +0.62% | 加碼 |
| 46 | RACE | Ferrari N.V. | — | EXIT | 清倉 |
| 47 | LITE | Lumentum Holdings Inc | — | NEW | 新建倉 |
| 48 | AXON | Axon Enterprise Inc | — | EXIT | 清倉 |
| 49 | TTMI | Ttm Technologies | — | NEW | 新建倉 |
| 50 | SMR | Nuscale Power CORP | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Thoroughbred Financial Services, LLC 在 Q4 2025 季度的美股持倉總市值約為 US$20.8億，共申報了 576 個公開持股部位。
在 Q4 2025 季度，Thoroughbred Financial Services, LLC 按市值排列的前三大核心持股分別為：NVDA (5.6%)、AAPL (5.0%)、MSFT (3.0%)。其中最大持股部位 NVDA 佔據整體投資組合約 5.6% 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
LITE
市值: US$191.2萬
本季最大獲利了結 / 清倉標的
RACE
前期市值: US$293.7萬
在 Q4 2025 季度中，Thoroughbred Financial Services, LLC 共進行了 50 項持倉異動，包含新建倉 2 個部位、加碼 29 個部位、減碼 16 個部位以及清倉 3 個部位。 其中最大新建倉標的為 LITE。 本季清倉部位包含 RACE。
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。