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: 0001943239
申報總市值
US$10.5億
US$10.5億
617 檔
18.6%
在 Q2 2025 的 13F 官方備案中，V-Square Quantitative Management LLC 管理的美股投資組合規模來到 US$10.5億，整體持股檔數為 617 檔。
觀察 Q2 2025 的資金脈絡，V-Square Quantitative Management LLC 在獲利結算 25 檔個股的同時，將資本重新部署至 7 檔新選標的，展現主動管理機構的輪動節奏。
從部位權重觀察，前 5 大標的（包含 NVDA, MSFT, GOOGL）累計市值佔比達 18.6%，是驅動 V-Square Quantitative Management 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 617 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 | 10.11% | -0.02% | -7.54% | |
| 2 | MSFT | Microsoft CORP | 股票-科技 | 9.42% | -0.34% | -0.57% | |
| 3 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 2.70% | +0.21% | +0.16% | |
| 4 | TSLA | Tesla Inc | 股票-循環性消費 | 2.00% | -0.04% | +0.76% | |
| 5 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.90% | +0.18% | -5.18% | |
| 6 | AVGO | Broadcom Inc | 股票-科技 | 1.80% | +0.17% | +26.06% | |
| 7 | V | Visa Inc-class A Shares | 股票-金融 | 1.72% | +0.01% | -0.38% | |
| 8 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.62% | +0.26% | -1.13% | |
| 9 | MA | Mastercard Inc - A | 股票-金融 | 1.32% | -0.10% | +1.58% | |
| 10 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 1.09% | -0.07% | -0.63% | |
| 11 | JNJ | Johnson & Johnson | 股票-醫療保健 | 1.01% | -0.13% | +0.52% | |
| 12 | CRM | Salesforce Inc | 股票-科技 | 0.89% | -0.13% | +1.05% | |
| 13 | INTU | Intuit Inc | 股票-科技 | 0.89% | -0.18% | +0.37% | |
| 14 | HD | Home Depot Inc | 股票-循環性消費 | 0.83% | -0.02% | +6.61% | |
| 15 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.83% | -0.30% | +0.13% | |
| 16 | IBM | Intl Business Machines CORP | 股票-科技 | 0.83% | +0.04% | +23.25% | |
| 17 | ACN | Accenture plc | 股票-科技 | 0.73% | -0.16% | +18.37% | |
| 18 | MS | Morgan Stanley | 股票-金融 | 0.71% | -0.21% | -0.51% | |
| 19 | GE | General Electric | 股票-工業 | 0.65% | +0.18% | -8.07% | |
| 20 | LRCX | Lam Research CORP | 股票-科技 | 0.63% | +0.59% | +12.84% | |
| 21 | NOW | Servicenow Inc | 股票-科技 | 0.61% | -0.01% | +2.43% | |
| 22 | ADBE | Adobe Inc | 股票-科技 | 0.61% | -0.07% | -2.26% | |
| 23 | DIS | Walt Disney Co/the | 股票-通訊服務 | 0.58% | -0.04% | -2.53% | |
| 24 | TXN | Texas Instruments Inc | 股票-科技 | 0.56% | -0.31% | -6.36% | |
| 25 | LIN | Linde plc | 股票-原物料 | 0.56% | +0.02% | -9.32% | |
| 26 | CMCSA | Comcast Corp-class A | 股票-通訊服務 | 0.52% | -0.13% | +10.39% | |
| 27 | SPGI | S&p Global Inc | 股票-金融 | 0.52% | -0.07% | +9.12% | |
| 28 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 0.50% | -0.04% | -14.37% | |
| 29 | CAT | Caterpillar Inc | 股票-工業 | 0.48% | +0.18% | -2.29% | |
| 30 | PGR | Progressive CORP | 股票-金融 | 0.47% | -0.01% | +18.24% | |
| 31 | DHR | Danaher CORP | 股票-醫療保健 | 0.46% | -0.12% | +1.64% | |
| 32 | VZ | Verizon Communications Inc | 股票-通訊服務 | 0.46% | -0.05% | -1.54% | |
| 33 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.46% | -0.24% | +101.31% | |
| 34 | GILD | Gilead Sciences Inc | 股票-醫療保健 | 0.44% | -0.09% | +1.93% | |
| 35 | NFLX | Netflix Inc | 股票-通訊服務 | 0.44% | -0.07% | -9.46% | |
| 36 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.42% | -0.09% | +0.14% | |
| 37 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 0.42% | -0.02% | -22.86% | |
| 38 | CDNS | Cadence Design Sys Inc | 股票-科技 | 0.41% | -0.10% | +0.12% | |
| 39 | PANW | Palo Alto Networks Inc | 股票-科技 | 0.40% | +0.26% | -10.23% | |
| 40 | WELL | Welltower Inc | 股票-房地產 | 0.39% | +0.07% | -3.24% | |
| 41 | SCHW | Schwab (charles) CORP | 股票-金融 | 0.39% | -0.08% | +9.12% | |
| 42 | BLK | Blackrock Inc | 股票-金融 | 0.37% | -0.03% | +5.47% | |
| 43 | MAR | Marriott International -cl A | 股票-循環性消費 | 0.37% | -0.27% | +331.34% | |
| 44 | PEP | Pepsico Inc | 股票-非循環性消費 | 0.37% | -0.12% | +0.58% | |
| 45 | UNP | Union Pacific CORP | 股票-工業 | 0.37% | — | -1.30% | |
| 46 | LOW | Lowe's Cos Inc | 股票-循環性消費 | 0.36% | -0.04% | +22.72% | |
| 47 | COF | Capital One Financial CORP | 股票-金融 | 0.36% | — | +59.16% | |
| 48 | VRTX | Vertex Pharmaceuticals Inc | 股票-醫療保健 | 0.36% | -0.01% | +45.79% | |
| 49 | ISRG | Intuitive Surgical Inc | 股票-醫療保健 | 0.35% | -0.09% | +31.60% | |
| 50 | MELI | Mercadolibre Inc | 股票-循環性消費 | 0.35% | -0.03% | -0.98% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +1.9% | -7.54% | 減碼 |
| 2 | MSFT | Microsoft CORP | +1.6% | -0.57% | 減碼 |
| 3 | AVGO | Broadcom Inc | +0.9% | +26.06% | 加碼 |
| 4 | MAR | Marriott International -cl A | +0.3% | +331.34% | 加碼 |
| 5 | JNJ | Johnson & Johnson | +0.3% | +101.31% | 加碼 |
| 6 | GEV | GE Vernova Inc | +0.3% | +545.45% | 加碼 |
| 7 | MET | Metlife Inc | +0.2% | +288.63% | 加碼 |
| 8 | TSLA | Tesla Inc | +0.2% | +0.76% | 加碼 |
| 9 | RJF | Raymond James Financial Inc | +0.2% | +223.29% | 加碼 |
| 10 | INDA | Ishares Msci India ETF | +0.2% | NEW | 新建倉 |
| 11 | IBM | Intl Business Machines CORP | +0.2% | +23.25% | 加碼 |
| 12 | LRCX | Lam Research CORP | +0.2% | +12.84% | 加碼 |
| 13 | COF | Capital One Financial CORP | +0.2% | +59.16% | 加碼 |
| 14 | INTU | Intuit Inc | +0.1% | +0.37% | 加碼 |
| 15 | CBRE | Cbre Group Inc - A | +0.1% | +85.05% | 加碼 |
| 16 | CEG | Constellation Energy | +0.1% | +54.13% | 加碼 |
| 17 | UAL | United Airlines Holdings Inc | +0.1% | +155.88% | 加碼 |
| 18 | GOOGL | Alphabet Inc-cl A | +0.1% | +0.16% | 加碼 |
| 19 | EXPE | Expedia Group Inc | +0.1% | +295.87% | 加碼 |
| 20 | NOW | Servicenow Inc | +0.1% | +2.43% | 加碼 |
| 21 | PFG | Principal Financial Group | +0.1% | +129.84% | 加碼 |
| 22 | META | Meta Platforms Inc-class A | +0.1% | +127.55% | 加碼 |
| 23 | WBD | Warner Bros Discovery Inc | +0.1% | +217.34% | 加碼 |
| 24 | ISRG | Intuitive Surgical Inc | +0.1% | +31.60% | 加碼 |
| 25 | ETN | Eaton Corporation plc | +0.1% | +8.07% | 加碼 |
| 26 | WDAY | Workday Inc-class A | +0.1% | +79.07% | 加碼 |
| 27 | NFLX | Netflix Inc | +0.1% | -9.46% | 減碼 |
| 28 | VRTX | Vertex Pharmaceuticals Inc | +0.1% | +45.79% | 加碼 |
| 29 | ORCL | Oracle CORP | +0.1% | -6.62% | 減碼 |
| 30 | VEEV | Veeva Systems Inc-class A | +0.1% | +1240.52% | 加碼 |
| 31 | MS | Morgan Stanley | +0.1% | -0.51% | 減碼 |
| 32 | DIS | Walt Disney Co/the | +0.1% | -2.53% | 減碼 |
| 33 | MELI | Mercadolibre Inc | +0.1% | -0.98% | 減碼 |
| 34 | SCHW | Schwab (charles) CORP | +0.1% | +9.12% | 加碼 |
| 35 | DAL | Delta Air Lines Inc | +0.1% | +92.96% | 加碼 |
| 36 | QCOM | Qualcomm Inc | +0.1% | +32.20% | 加碼 |
| 37 | CPNG | Coupang Inc | +0.1% | +163.38% | 加碼 |
| 38 | ALNY | Alnylam Pharmaceuticals Inc | +0.1% | +356.06% | 加碼 |
| 39 | COIN | Coinbase Global Inc -class A | +0.1% | +98.78% | 加碼 |
| 40 | GE | General Electric | +0.1% | -8.07% | 減碼 |
| 41 | MU | Micron Technology Inc | +0.1% | -7.51% | 減碼 |
| 42 | TSM | Taiwan Semiconductor-sp Adr | +0.1% | — | 不變 |
| 43 | SNPS | Synopsys Inc | +0.1% | +14.62% | 加碼 |
| 44 | HUBB | Hubbell Inc | +0.1% | +81.54% | 加碼 |
| 45 | AXON | Axon Enterprise Inc | +0.1% | +3.06% | 加碼 |
| 46 | MCHI | Ishares Msci China ETF | +0.1% | NEW | 新建倉 |
| 47 | ENLT | Enlight Renewable Energy Ltd | +0.1% | NEW | 新建倉 |
| 48 | CDNS | Cadence Design Sys Inc | 0% | +0.12% | 加碼 |
| 49 | UBER | Uber Technologies Inc | 0% | +5.94% | 加碼 |
| 50 | TEL | TE Connectivity plc | 0% | +6.80% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，V-Square Quantitative Management LLC 在 Q2 2025 季度的美股持倉總市值約為 US$10.5億，共申報了 617 個公開持股部位。
在 Q2 2025 季度，V-Square Quantitative Management LLC 按市值排列的前三大核心持股分別為：NVDA (10.1%)、MSFT (9.4%)、GOOGL (2.7%)。其中最大持股部位 NVDA 佔據整體投資組合約 10.1% 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
INDA
市值: US$167.3萬
本季最大獲利了結 / 清倉標的
BABA
前期市值: US$167.3萬
在 Q2 2025 季度中，V-Square Quantitative Management LLC 共進行了 195 項持倉異動，包含新建倉 7 個部位、加碼 90 個部位、減碼 73 個部位以及清倉 25 個部位。 其中最大新建倉標的為 INDA。 本季清倉部位包含 BABA。
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。