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: 0001633445
申報總市值
US$169.8億
US$169.8億
1551 檔
6.0%
根據最新整理的 13F 季度數據集，Trexquant Investment LP 於 Q4 2025 結束時的管理資產規模為 US$169.8億。該機構在本季度申報了 1551 檔美股持倉，呈現出該時期的主要投資地圖。
觀察 Q4 2025 的申報異動，Trexquant Investment LP 採取了強勁的買進策略，建倉與加碼動作（合計 124 筆）涵蓋多個核心板塊，展現機構對特定產業前景之樂觀態度。
檢視投資組合結構，前 5 大主力部位（包含 NVDA, AAPL, MSFT）占據了總市值的 6.0%，展現出該機構在 Q4 2025 的重點資金聚焦與風險分佈特徵。
僅顯示前 200 大持股（共 1551 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 | 2.72% | +0.21% | +30.69% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 2.33% | -0.19% | +104.79% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 1.51% | -0.21% | +31.40% | |
| 4 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.47% | +0.63% | +61.51% | |
| 5 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.05% | +0.12% | +72.70% | |
| 6 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.87% | -0.17% | +35.62% | |
| 7 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.78% | +0.66% | +113.96% | |
| 8 | AVGO | Broadcom Inc | 股票-科技 | 0.74% | -0.45% | +38.29% | |
| 9 | TSLA | Tesla Inc | 股票-循環性消費 | 0.72% | +0.07% | -0.01% | |
| 10 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.69% | +0.45% | +212.49% | |
| 11 | V | Visa Inc-class A Shares | 股票-金融 | 0.67% | -0.01% | +221.22% | |
| 12 | LVS | Las Vegas Sands CORP | 股票-循環性消費 | 0.64% | -0.27% | — | |
| 13 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.63% | -0.22% | +117.96% | |
| 14 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.60% | +0.69% | NEW | |
| 15 | ADBE | Adobe Inc | 股票-科技 | 0.55% | -0.33% | +105.74% | |
| 16 | ROST | Ross Stores Inc | 股票-循環性消費 | 0.47% | +0.01% | +168.89% | |
| 17 | TMUS | T-mobile US Inc | 股票-通訊服務 | 0.47% | +0.06% | — | |
| 18 | NDAQ | Nasdaq Inc | 股票-金融 | 0.45% | +0.06% | NEW | |
| 19 | NFLX | Netflix Inc | 股票-通訊服務 | 0.44% | +0.54% | +1082.03% | |
| 20 | GE | General Electric | 股票-工業 | 0.41% | -0.16% | +121.81% | |
| 21 | LUMN | Lumen Technologies Inc | 股票-通訊服務 | 0.39% | -0.02% | EXIT | |
| 22 | BMY | Bristol-myers Squibb Co | 股票-醫療保健 | 0.39% | -0.13% | -20.55% | |
| 23 | MU | Micron Technology Inc | 股票-科技 | 0.38% | +0.17% | -35.59% | |
| 24 | ZM | Zoom Communications Inc | 股票-科技 | 0.38% | +0.06% | NEW | |
| 25 | RBLX | Roblox CORP -class A | 股票-通訊服務 | 0.37% | -0.19% | EXIT | |
| 26 | GEV | GE Vernova Inc | 股票-工業 | 0.37% | +0.01% | — | |
| 27 | MA | Mastercard Inc - A | 股票-金融 | 0.35% | +0.04% | -33.89% | |
| 28 | KEY | Keycorp | 股票-金融 | 0.34% | -0.04% | +49.07% | |
| 29 | DG | Dollar General CORP | 股票-非循環性消費 | 0.33% | +0.03% | +41.04% | |
| 30 | VST | Vistra CORP | 股票-公用事業 | 0.33% | -0.19% | EXIT | |
| 31 | ROKU | Roku Inc | 股票-通訊服務 | 0.33% | -0.19% | EXIT | |
| 32 | GD | General Dynamics CORP | 股票-工業 | 0.33% | +0.09% | +137.84% | |
| 33 | EFX | Equifax Inc | 股票-工業 | 0.32% | -0.17% | +1968.49% | |
| 34 | FIVE | Five Below | 股票-循環性消費 | 0.32% | -0.25% | — | |
| 35 | HPQ | Hp Inc | 股票-科技 | 0.32% | +0.06% | +120.06% | |
| 36 | CTAS | Cintas CORP | 股票-工業 | 0.31% | +0.06% | +89.88% | |
| 37 | MMM | 3m Co | 股票-工業 | 0.31% | -0.09% | +217.59% | |
| 38 | TJX | Tjx Companies Inc | 股票-循環性消費 | 0.31% | +0.19% | +142.28% | |
| 39 | TOST | Toast Inc-class A | 股票-科技 | 0.31% | -0.20% | +17.62% | |
| 40 | PEP | Pepsico Inc | 股票-非循環性消費 | 0.31% | -0.13% | — | |
| 41 | CVX | Chevron CORP | 股票-能源 | 0.30% | +0.10% | -8.07% | |
| 42 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.29% | +0.09% | +17.48% | |
| 43 | B | Barrick Mining CORP | 股票-原物料 | 0.29% | -0.12% | +156.41% | |
| 44 | FDX | Fedex CORP | 股票-工業 | 0.28% | -0.29% | — | |
| 45 | SYK | Stryker CORP | 股票-醫療保健 | 0.28% | -0.15% | +69.37% | |
| 46 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.27% | +0.94% | — | |
| 47 | CAT | Caterpillar Inc | 股票-工業 | 0.27% | +0.30% | -58.22% | |
| 48 | BSX | Boston Scientific CORP | 股票-醫療保健 | 0.27% | +0.12% | -26.36% | |
| 49 | DVN | Devon Energy CORP | 股票-能源 | 0.27% | +0.04% | NEW | |
| 50 | SNAP | Snap Inc - A | 股票-通訊服務 | 0.27% | +0.05% | -1.82% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | AAPL | Apple Inc | +1.1% | +104.79% | 加碼 |
| 2 | GOOGL | Alphabet Inc-cl A | +0.5% | +72.70% | 加碼 |
| 3 | GOOG | Alphabet Inc-cl C | +0.5% | +212.49% | 加碼 |
| 4 | AMZN | Amazon.com Inc | +0.5% | +61.51% | 加碼 |
| 5 | V | Visa Inc-class A Shares | +0.4% | +221.22% | 加碼 |
| 6 | JNJ | Johnson & Johnson | +0.3% | +117.96% | 加碼 |
| 7 | LUMN | Lumen Technologies Inc | +0.3% | +481.17% | 加碼 |
| 8 | NVDA | Nvidia CORP | +0.3% | +30.69% | 加碼 |
| 9 | META | Meta Platforms Inc-class A | +0.3% | +113.96% | 加碼 |
| 10 | ROST | Ross Stores Inc | +0.3% | +168.89% | 加碼 |
| 11 | EFX | Equifax Inc | +0.3% | +1968.49% | 加碼 |
| 12 | VST | Vistra CORP | +0.3% | +850.84% | 加碼 |
| 13 | ADBE | Adobe Inc | +0.2% | +105.74% | 加碼 |
| 14 | VALE | Vale Sa-sp Adr | +0.2% | +638.96% | 加碼 |
| 15 | BRK-B | Berkshire Hathaway Inc-cl B | +0.2% | +923.28% | 加碼 |
| 16 | ROL | Rollins Inc | +0.2% | +1046.14% | 加碼 |
| 17 | MRVL | Marvell Technology Inc | +0.2% | +371.80% | 加碼 |
| 18 | GE | General Electric | +0.2% | +121.81% | 加碼 |
| 19 | MMM | 3m Co | +0.2% | +217.59% | 加碼 |
| 20 | ZM | Zoom Communications Inc | +0.2% | +114.55% | 加碼 |
| 21 | B | Barrick Mining CORP | +0.2% | +156.41% | 加碼 |
| 22 | CNC | Centene CORP | +0.2% | +274.55% | 加碼 |
| 23 | TJX | Tjx Companies Inc | +0.2% | +142.28% | 加碼 |
| 24 | GD | General Dynamics CORP | +0.2% | +137.84% | 加碼 |
| 25 | RY | Royal Bank Of Canada | +0.2% | +378.53% | 加碼 |
| 26 | DOW | Dow Inc | +0.2% | +1224.77% | 加碼 |
| 27 | JLL | Jones Lang Lasalle Inc | +0.2% | +946.19% | 加碼 |
| 28 | VRTX | Vertex Pharmaceuticals Inc | +0.2% | +750.31% | 加碼 |
| 29 | WMG | Warner Music Group Corp-cl A | +0.2% | +1298.58% | 加碼 |
| 30 | MRSH | Marsh & Mclennan Cos | +0.2% | +1764.95% | 加碼 |
| 31 | AVGO | Broadcom Inc | +0.2% | +38.29% | 加碼 |
| 32 | TTD | Trade Desk Inc/the -class A | +0.2% | +665.79% | 加碼 |
| 33 | DDOG | Datadog Inc - Class A | +0.2% | +1646.81% | 加碼 |
| 34 | TTWO | Take-two Interactive Softwre | +0.1% | +250.41% | 加碼 |
| 35 | DUOL | Duolingo | +0.1% | +715.02% | 加碼 |
| 36 | IVZ | Invesco Ltd. | +0.1% | +722.87% | 加碼 |
| 37 | CALX | Calix Inc | +0.1% | +2529.98% | 加碼 |
| 38 | DVN | Devon Energy CORP | +0.1% | +118.56% | 加碼 |
| 39 | MET | Metlife Inc | +0.1% | +796.74% | 加碼 |
| 40 | CCK | Crown Holdings Inc | +0.1% | +683.69% | 加碼 |
| 41 | DG | Dollar General CORP | +0.1% | +41.04% | 加碼 |
| 42 | HPQ | Hp Inc | +0.1% | +120.06% | 加碼 |
| 43 | CL | Colgate-palmolive Co | +0.1% | +153.22% | 加碼 |
| 44 | NBIX | Neurocrine Biosciences Inc | +0.1% | +332.15% | 加碼 |
| 45 | FLNC | Fluence Energy Inc | +0.1% | +178.76% | 加碼 |
| 46 | KMX | Carmax Inc | +0.1% | +1126.89% | 加碼 |
| 47 | CCL1EUR | Carnival CORP LTD | +0.1% | +728.66% | 加碼 |
| 48 | ISRG | Intuitive Surgical Inc | +0.1% | +1854.69% | 加碼 |
| 49 | VITL | Vital Farms Inc | +0.1% | +1548.92% | 加碼 |
| 50 | PLTR | Palantir Technologies Inc-a | +0.1% | +35.62% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Trexquant Investment LP 在 Q4 2025 季度的美股持倉總市值約為 US$169.8億，共申報了 1551 個公開持股部位。
在 Q4 2025 季度，Trexquant Investment LP 按市值排列的前三大核心持股分別為：NVDA (2.7%)、AAPL (2.3%)、MSFT (1.5%)。其中最大持股部位 NVDA 佔據整體投資組合約 2.7% 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
LVS
市值: US$7218.1萬
本季最大獲利了結 / 清倉標的
CMCSA
前期市值: US$5117.8萬
在 Q4 2025 季度中，Trexquant Investment LP 共進行了 200 項持倉異動，包含新建倉 59 個部位、加碼 65 個部位、減碼 37 個部位以及清倉 39 個部位。 其中最大新建倉標的為 LVS。 本季清倉部位包含 CMCSA。
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。