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: 0000923093
申報總市值
US$719.1億
US$719.1億
2090 檔
24.0%
截至 Q4 2025 季度末，Tudor Investment CORP Et Al 的美股持倉估值約為 US$719.1億，全數申報部位共有 2090 檔。
在 Q4 2025，Tudor Investment CORP Et Al 展現出較為審慎的避險與獲利了結姿態。本季共減碼 109 個部位並完全清倉 5 檔持股，調降曝險的部位數量高於加碼動作。
檢視投資組合結構，前 5 大主力部位（包含 IWM, QQQ, SPY）占據了總市值的 24.0%，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 2090 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 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 17.25% | +2.36% | -20.91% | |
| 2 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 7.96% | +3.19% | -10.15% | |
| 3 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 2.66% | -2.87% | -58.87% | |
| 4 | NVDA | Nvidia CORP | 股票-科技 | 2.14% | -0.09% | +81.29% | |
| 5 | MSFT | Microsoft CORP | 股票-科技 | 1.88% | +0.52% | +238.04% | |
| 6 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 1.82% | +1.48% | +7275.26% | |
| 7 | XLE | Ss Energy Select Sector | ETF-其他 | 1.57% | -1.04% | +74.02% | |
| 8 | AAPL | Apple Inc | 股票-科技 | 1.54% | -0.29% | +102.27% | |
| 9 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.53% | -0.29% | +159.06% | |
| 10 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.44% | -0.07% | +235.79% | |
| 11 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.14% | -0.26% | +156.77% | |
| 12 | EEM | Ishares Msci Emerging Market | ETF-新興市場 | 1.13% | -0.61% | +6.87% | |
| 13 | XLF | Ss Financial Select Sector | ETF-其他 | 0.96% | -0.30% | +4.72% | |
| 14 | XLU | St Sr Utl Sl Se Spdr Etf-usd | ETF-其他 | 0.93% | -0.14% | +106.00% | |
| 15 | GLD | Spdr Gold Shares | ETF-避險與商品 | 0.93% | +0.16% | +112.01% | |
| 16 | FXI | Ishares China Large-cap ETF | ETF-新興市場 | 0.81% | -0.81% | -40.93% | |
| 17 | NFLX | Netflix Inc | 股票-通訊服務 | 0.75% | +0.10% | +1840.96% | |
| 18 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.70% | +0.30% | +171.46% | |
| 19 | KRE | Ss Spdr S&p Regional Bank | ETF-其他 | 0.70% | -0.21% | +25.85% | |
| 20 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.62% | -0.03% | -31.73% | |
| 21 | KWEB | Kranesh Csi China Internet | ETF-新興市場 | 0.61% | -0.24% | +74.32% | |
| 22 | AMD | Advanced Micro Devices | 股票-科技 | 0.55% | +0.31% | -27.44% | |
| 23 | MU | Micron Technology Inc | 股票-科技 | 0.43% | +1.09% | -66.92% | |
| 24 | XLK | Ss Technology Select Sector | ETF-科技型 | 0.42% | -0.24% | +185.48% | |
| 25 | MS | Morgan Stanley | 股票-金融 | 0.41% | +0.02% | +1028.17% | |
| 26 | TSLA | Tesla Inc | 股票-循環性消費 | 0.41% | -0.02% | +95.40% | |
| 27 | CVX | Chevron CORP | 股票-能源 | 0.41% | -0.29% | +30.70% | |
| 28 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.40% | -0.11% | +4.84% | |
| 29 | SMH | Vaneck Semiconductor ETF | ETF-其他 | 0.39% | -0.04% | +35.44% | |
| 30 | CAT | Caterpillar Inc | 股票-工業 | 0.39% | -0.01% | -28.32% | |
| 31 | EXK | Exact Sciences CORP | 股票-原物料 | 0.37% | — | +9925.36% | |
| 32 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.36% | -0.27% | -16.91% | |
| 33 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 0.35% | +1.57% | -22.58% | |
| 34 | EA | Electronic Arts Inc | 股票-通訊服務 | 0.34% | -0.11% | +2623.88% | |
| 35 | NOW | Servicenow Inc | 股票-科技 | 0.33% | +0.02% | +5095.28% | |
| 36 | WMT | Walmart Inc | 股票-非循環性消費 | 0.32% | -0.12% | -24.59% | |
| 37 | SDA | Sealed Air CORP | 股票-循環性消費 | 0.32% | -0.33% | EXIT | |
| 38 | ADBE | Adobe Inc | 股票-科技 | 0.31% | -0.19% | -45.92% | |
| 39 | XOP | Ss Spdr S&p Og Exp & Prod | ETF-其他 | 0.31% | -0.43% | +493.96% | |
| 40 | ✓ | Cyberark Software LTD. Cmn | 股票-其他 | 0.31% | — | +52.30% | |
| 41 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.30% | -0.02% | +97.40% | |
| 42 | LIN | Linde plc | 股票-原物料 | 0.30% | -0.01% | +642.14% | |
| 43 | GDX | Vaneck Gold Miners ETF | ETF-避險與商品 | 0.29% | -0.02% | +9.87% | |
| 44 | MSTR | Strategy Inc | 股票-科技 | 0.29% | -0.05% | +302.31% | |
| 45 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.27% | -0.02% | -33.25% | |
| 46 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.27% | +0.11% | -66.35% | |
| 47 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.25% | +0.19% | -69.52% | |
| 48 | KVUE | Kenvue Inc | 股票-非循環性消費 | 0.25% | -0.07% | +1189.06% | |
| 49 | STZ | Constellation Brands Inc-a | 股票-非循環性消費 | 0.24% | -0.02% | -8.26% | |
| 50 | XBI | Ss Spdr S&p Biotech ETF | ETF-科技型 | 0.24% | +0.07% | +42.12% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | IVV | Ishares Core S&p 500 ETF | +1.8% | +7275.26% | 加碼 |
| 2 | MSFT | Microsoft CORP | +1.3% | +238.04% | 加碼 |
| 3 | GOOGL | Alphabet Inc-cl A | +1.1% | +159.06% | 加碼 |
| 4 | AMZN | Amazon.com Inc | +1.1% | +235.79% | 加碼 |
| 5 | NVDA | Nvidia CORP | +1% | +81.29% | 加碼 |
| 6 | AAPL | Apple Inc | +0.9% | +102.27% | 加碼 |
| 7 | META | Meta Platforms Inc-class A | +0.7% | +156.77% | 加碼 |
| 8 | GLD | Spdr Gold Shares | +0.6% | +112.01% | 加碼 |
| 9 | GOOG | Alphabet Inc-cl C | +0.5% | +171.46% | 加碼 |
| 10 | MS | Morgan Stanley | +0.4% | +1028.17% | 加碼 |
| 11 | EXK | Exact Sciences CORP | +0.4% | +9925.36% | 加碼 |
| 12 | EA | Electronic Arts Inc | +0.3% | +2623.88% | 加碼 |
| 13 | NOW | Servicenow Inc | +0.3% | +5095.28% | 加碼 |
| 14 | NFLX | Netflix Inc | +0.3% | +1840.96% | 加碼 |
| 15 | LIN | Linde plc | +0.3% | +642.14% | 加碼 |
| 16 | XOP | Ss Spdr S&p Og Exp & Prod | +0.3% | +493.96% | 加碼 |
| 17 | KVUE | Kenvue Inc | +0.2% | +1189.06% | 加碼 |
| 18 | 8QR | Confluent Inc-class A | +0.2% | +636.06% | 加碼 |
| 19 | TSLA | Tesla Inc | +0.2% | +95.40% | 加碼 |
| 20 | KMB | Kimberly-clark CORP | +0.2% | +1308.91% | 加碼 |
| 21 | KWEB | Kranesh Csi China Internet | +0.2% | +74.32% | 加碼 |
| 22 | BAC | Bank Of America CORP | +0.2% | +905.16% | 加碼 |
| 23 | KRE | Ss Spdr S&p Regional Bank | +0.2% | +25.85% | 加碼 |
| 24 | HO1 | Hologic Inc | +0.2% | +614.91% | 加碼 |
| 25 | ✓ | Avadel Pharmaceuticals PLC ADR | +0.2% | +9672.73% | 加碼 |
| 26 | FISV | Fiserv Inc | +0.2% | +474.08% | 加碼 |
| 27 | EEM | Ishares Msci Emerging Market | +0.2% | +6.87% | 加碼 |
| 28 | PYPL | Paypal Holdings Inc | +0.2% | +323.68% | 加碼 |
| 29 | LVS | Las Vegas Sands CORP | +0.2% | +169.90% | 加碼 |
| 30 | MCD | Mcdonald's CORP | +0.2% | +97.40% | 加碼 |
| 31 | MSTR | Strategy Inc | +0.2% | +302.31% | 加碼 |
| 32 | XLK | Ss Technology Select Sector | +0.2% | +185.48% | 加碼 |
| 33 | LLY | Eli Lilly & Co | +0.2% | +4.84% | 加碼 |
| 34 | SMH | Vaneck Semiconductor ETF | +0.2% | +35.44% | 加碼 |
| 35 | CMA | Comerica Inc | +0.1% | +244.04% | 加碼 |
| 36 | UBER | Uber Technologies Inc | +0.1% | +261.99% | 加碼 |
| 37 | BKNG | Booking Holdings Inc | +0.1% | +398.16% | 加碼 |
| 38 | CSCO | Cisco Systems Inc | +0.1% | +103.81% | 加碼 |
| 39 | XLF | Ss Financial Select Sector | +0.1% | +4.72% | 加碼 |
| 40 | URI | United Rentals Inc | +0.1% | +238.63% | 加碼 |
| 41 | NTRA | Natera Inc | +0.1% | +1208.49% | 加碼 |
| 42 | XBI | Ss Spdr S&p Biotech ETF | +0.1% | +42.12% | 加碼 |
| 43 | CVX | Chevron CORP | +0.1% | +30.70% | 加碼 |
| 44 | ✓ | Cyberark Software LTD. Cmn | +0.1% | +52.30% | 加碼 |
| 45 | RNAGBP | Avidity Biosciences Inc | +0.1% | +6923.90% | 加碼 |
| 46 | BLK | Blackrock Inc | +0.1% | +84.79% | 加碼 |
| 47 | CCL1EUR | Carnival CORP LTD | +0.1% | +216.60% | 加碼 |
| 48 | HPQ | Hp Inc | +0.1% | +1862.71% | 加碼 |
| 49 | WDAY | Workday Inc-class A | +0.1% | +206.74% | 加碼 |
| 50 | XLC | Ss Comm Select Sector Spdr | +0.1% | +5743.79% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Tudor Investment CORP Et Al 在 Q4 2025 季度的美股持倉總市值約為 US$719.1億，共申報了 2090 個公開持股部位。
在 Q4 2025 季度，Tudor Investment CORP Et Al 按市值排列的前三大核心持股分別為：IWM (17.3%)、QQQ (8.0%)、SPY (2.7%)。其中最大持股部位 IWM 佔據整體投資組合約 17.3% 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
SDA
市值: US$1.7億
本季最大獲利了結 / 清倉標的
S9Q
前期市值: US$1.6億
在 Q4 2025 季度中，Tudor Investment CORP Et Al 共進行了 200 項持倉異動，包含新建倉 7 個部位、加碼 79 個部位、減碼 109 個部位以及清倉 5 個部位。 其中最大新建倉標的為 SDA。 本季清倉部位包含 S9Q。
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。