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: 0001581641
申報總市值
US$1.5億
US$1.5億
101 檔
6.2%
截至 Q4 2025 季度末，Tuttle Capital Management, LLC 的美股持倉估值約為 US$1.5億，全數申報部位共有 101 檔。
在 Q4 2025，Tuttle Capital Management, LLC 操作展現出積極擴展與加碼意向。本季共新建倉 35 個新部位，並對 2 個既有持股進行加碼（合計增持 37 檔），相較減碼與清倉部位顯著佔優。
檢視投資組合結構，前 5 大主力部位（包含 TSM, PDD, TDG）占據了總市值的 6.2%，展現出該機構在 Q4 2025 的重點資金聚焦與風險分佈特徵。
| # | 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 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 13.02% | -0.52% | — | |
| 2 | PDD | Pdd Holdings Inc | 股票-循環性消費 | 2.22% | +0.64% | NEW | |
| 3 | TDG | Transdigm Group Inc | 股票-工業 | 1.74% | — | +23.33% | |
| 4 | RY | Royal Bank Of Canada | 股票-金融 | 1.71% | -0.58% | -11.88% | |
| 5 | HD | Home Depot Inc | 股票-循環性消費 | 1.71% | -1.49% | EXIT | |
| 6 | MSFT | Microsoft CORP | 股票-科技 | 1.71% | -0.97% | EXIT | |
| 7 | BN | Brookfield CORP | 股票-金融 | 1.71% | -0.64% | +56.91% | |
| 8 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.71% | -4.63% | EXIT | |
| 9 | CP | Canadian Pacific Kansas City | 股票-工業 | 1.71% | -0.75% | +25.52% | |
| 10 | PLD | Prologis Inc | 股票-房地產 | 1.70% | -0.76% | +2.88% | |
| 11 | PH | Parker Hannifin CORP | 股票-工業 | 1.70% | -0.71% | -9.77% | |
| 12 | NVDA | Nvidia CORP | 股票-科技 | 1.70% | -4.47% | -7.46% | |
| 13 | AVGO | Broadcom Inc | 股票-科技 | 1.70% | -0.67% | -5.68% | |
| 14 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.70% | -0.63% | -7.83% | |
| 15 | MA | Mastercard Inc - A | 股票-金融 | 1.70% | -0.64% | +15.30% | |
| 16 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.70% | -0.35% | — | |
| 17 | HCA | Hca Healthcare Inc | 股票-醫療保健 | 1.70% | -0.85% | -19.55% | |
| 18 | DHR | Danaher CORP | 股票-醫療保健 | 1.70% | -1.16% | EXIT | |
| 19 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.70% | -0.57% | -24.33% | |
| 20 | WCN | Waste Connections Inc | 股票-工業 | 1.70% | -1.00% | +21.27% | |
| 21 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 1.70% | -1.16% | +33.48% | |
| 22 | MS | Morgan Stanley | 股票-金融 | 1.69% | -0.56% | — | |
| 23 | TMUS | T-mobile US Inc | 股票-通訊服務 | 1.69% | -1.30% | EXIT | |
| 24 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.69% | -0.60% | +19.38% | |
| 25 | WELL | Welltower Inc | 股票-房地產 | 1.69% | -0.71% | -17.25% | |
| 26 | V | Visa Inc-class A Shares | 股票-金融 | 1.69% | -0.58% | +11.37% | |
| 27 | ASX | Ase Technology Holding -adr | 股票-科技 | 1.61% | — | — | |
| 28 | HDB | Hdfc Bank Ltd-adr | 股票-金融 | 1.53% | — | — | |
| 29 | NTES | Netease Inc-adr | 股票-通訊服務 | 1.51% | — | — | |
| 30 | MELI | Mercadolibre Inc | 股票-循環性消費 | 1.23% | +0.43% | NEW | |
| 31 | ONC | Beone Medicines Ltd-adr | 股票-其他 | 1.18% | — | — | |
| 32 | CHT | Chunghwa Telecom Lt-spon Adr | 股票-其他 | 1.12% | — | — | |
| 33 | PKX | Posco Holdings Inc -spon Adr | 股票-其他 | 1.05% | — | — | |
| 34 | IBN | Icici Bank Ltd-spon Adr | 股票-金融 | 0.96% | — | — | |
| 35 | YMM | Full Truck Alliance -spn Adr | 股票-其他 | 0.92% | +0.32% | NEW | |
| 36 | ✓ | 股票-其他 | 0.92% | -0.67% | EXIT | ||
| 37 | ✓ | Berto Acquisition CORP | 股票-其他 | 0.90% | -0.45% | — | |
| 38 | VALE | Vale Sa-sp Adr | 股票-原物料 | 0.88% | — | — | |
| 39 | ✓ | 股票-其他 | 0.88% | -0.09% | — | ||
| 40 | KB | Kb Financial Group Inc-adr | 股票-金融 | 0.88% | — | — | |
| 41 | VGSH | Vanguard Short-term Treasury | ETF-政府公債 | 0.84% | — | — | |
| 42 | BILI | Bilibili Inc-sponsored Adr | 股票-其他 | 0.83% | — | — | |
| 43 | TBIL | F/m US Treasury 3 Month Bill | ETF-政府公債 | 0.77% | — | -12.50% | |
| 44 | SKM | Sk Telecom Co Ltd-spon Adr | 股票-其他 | 0.73% | — | — | |
| 45 | KT | Kt Corp-sp Adr | 股票-其他 | 0.73% | — | — | |
| 46 | WF | Woori Financial-spon Adr | 股票-其他 | 0.72% | — | — | |
| 47 | SHG | Shinhan Financial Group-adr | 股票-其他 | 0.72% | — | — | |
| 48 | BIL | Ss Spdr Bb 1-3m T-bill ETF | ETF-政府公債 | 0.71% | — | — | |
| 49 | ✓ | Meshflow Acquisition CORP | 股票-其他 | 0.66% | — | — | |
| 50 | ZTO | Zto Express Cayman Inc-adr | 股票-其他 | 0.63% | — | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | YMM | Full Truck Alliance -spn Adr | +0.3% | +194.78% | 加碼 |
| 2 | META | Meta Platforms Inc-class A | +0.1% | +102.77% | 加碼 |
| 3 | ✓ | Aldel Finl Ii Inc | -1.2% | -62.50% | 減碼 |
| 4 | ✓ | -1.5% | -60.00% | 減碼 | |
| 5 | TSM | Taiwan Semiconductor-sp Adr | — | NEW | 新建倉 |
| 6 | LLY | Eli Lilly & Co | — | NEW | 新建倉 |
| 7 | MS | Morgan Stanley | — | NEW | 新建倉 |
| 8 | ASX | Ase Technology Holding -adr | — | NEW | 新建倉 |
| 9 | HDB | Hdfc Bank Ltd-adr | — | NEW | 新建倉 |
| 10 | NTES | Netease Inc-adr | — | NEW | 新建倉 |
| 11 | PGR | Progressive CORP | — | EXIT | 清倉 |
| 12 | AVB | Avalonbay Communities Inc | — | EXIT | 清倉 |
| 13 | ONC | Beone Medicines Ltd-adr | — | NEW | 新建倉 |
| 14 | CHT | Chunghwa Telecom Lt-spon Adr | — | NEW | 新建倉 |
| 15 | PKX | Posco Holdings Inc -spon Adr | — | NEW | 新建倉 |
| 16 | ✓ | Trailblazer Acquisition CORP | — | EXIT | 清倉 |
| 17 | IBN | Icici Bank Ltd-spon Adr | — | NEW | 新建倉 |
| 18 | ✓ | — | EXIT | 清倉 | |
| 19 | VALE | Vale Sa-sp Adr | — | NEW | 新建倉 |
| 20 | ✓ | — | NEW | 新建倉 | |
| 21 | KB | Kb Financial Group Inc-adr | — | NEW | 新建倉 |
| 22 | VGSH | Vanguard Short-term Treasury | — | NEW | 新建倉 |
| 23 | BILI | Bilibili Inc-sponsored Adr | — | NEW | 新建倉 |
| 24 | ✓ | Digital Asset Acquisition Co | — | EXIT | 清倉 |
| 25 | SKM | Sk Telecom Co Ltd-spon Adr | — | NEW | 新建倉 |
| 26 | KT | Kt Corp-sp Adr | — | NEW | 新建倉 |
| 27 | WF | Woori Financial-spon Adr | — | NEW | 新建倉 |
| 28 | SHG | Shinhan Financial Group-adr | — | NEW | 新建倉 |
| 29 | BIL | Ss Spdr Bb 1-3m T-bill ETF | — | NEW | 新建倉 |
| 30 | ✓ | Inflection Pt Acquisition CORP | — | EXIT | 清倉 |
| 31 | ✓ | Real Asset Acquisition CORP | — | EXIT | 清倉 |
| 32 | ✓ | Meshflow Acquisition CORP | — | NEW | 新建倉 |
| 33 | ✓ | Hcm Ii Acquisition CORP | — | EXIT | 清倉 |
| 34 | ZTO | Zto Express Cayman Inc-adr | — | NEW | 新建倉 |
| 35 | IGSB | Ishares 1-5y Inv Grade CORP | — | NEW | 新建倉 |
| 36 | AMX | America Movil Sab De Cv | — | NEW | 新建倉 |
| 37 | PBR | Petroleo Brasileiro-spon Adr | — | NEW | 新建倉 |
| 38 | XPEV | Xpeng Inc - Adr | — | NEW | 新建倉 |
| 39 | INFY | Infosys Ltd-sp Adr | — | NEW | 新建倉 |
| 40 | ITUB | Itau Unibanco H-spon Prf Adr | — | NEW | 新建倉 |
| 41 | TCOM | Trip.com Group Ltd-adr | — | NEW | 新建倉 |
| 42 | ✓ | — | EXIT | 清倉 | |
| 43 | ✓ | Cohen Circle Acquisit CORP I | — | EXIT | 清倉 |
| 44 | ✓ | Dynamix CORP Iii | — | NEW | 新建倉 |
| 45 | ✓ | Bitcoin Infrastructure Acqui | — | NEW | 新建倉 |
| 46 | IRHOU | Iron Horse Acquisition Ii Co | — | NEW | 新建倉 |
| 47 | ✓ | Drugs Made In Amer Acq Ii Co | — | EXIT | 清倉 |
| 48 | ABEV | Ambev Sa-adr | — | NEW | 新建倉 |
| 49 | GFI | Gold Fields Ltd-spons Adr | — | NEW | 新建倉 |
| 50 | RDY | Dr. Reddy's Laboratories-adr | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Tuttle Capital Management, LLC 在 Q4 2025 季度的美股持倉總市值約為 US$1.5億，共申報了 101 個公開持股部位。
在 Q4 2025 季度，Tuttle Capital Management, LLC 按市值排列的前三大核心持股分別為：TSM (13.0%)、PDD (2.2%)、TDG (1.7%)。其中最大持股部位 TSM 佔據整體投資組合約 13.0% 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
TSM
市值: US$588.6萬
本季最大獲利了結 / 清倉標的
PGR
前期市值: US$63.2萬
在 Q4 2025 季度中，Tuttle Capital Management, LLC 共進行了 50 項持倉異動，包含新建倉 35 個部位、加碼 2 個部位、減碼 2 個部位以及清倉 11 個部位。 其中最大新建倉標的為 TSM。 本季清倉部位包含 PGR。
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。