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: 0001963565
申報總市值
US$401.1億
US$401.1億
53 檔
9.2%
Value Aligned Research Advisors, LLC 在 Q4 2025 季度的美股部位總計估值為 US$401.1億，分散於 53 個持倉標的之中，反映其市場參與廣度與投資規模。
Value Aligned Research Advisors, LLC 於 Q4 2025 展現出進攻型調倉步調，本季推動了 7 檔股票的新建倉與 28 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。
在資產配置集中度方面，Value Aligned Research Advisors, LLC 的前 5 大核心持股（包含 NVDA, TSM, GOOGL 等）合計佔整體申報市值的 9.2%，反映機構在主要關鍵部位上的權重分佈。
| # | 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 | 12.70% | -3.57% | +68.86% | |
| 2 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 9.55% | -2.20% | +7.16% | |
| 3 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 5.18% | +0.81% | +17.36% | |
| 4 | AMZN | Amazon.com Inc | 股票-循環性消費 | 4.93% | +1.78% | +52.10% | |
| 5 | AVGO | Broadcom Inc | 股票-科技 | 4.81% | +0.48% | +5.70% | |
| 6 | CRWV | Coreweave Inc-cl A | 股票-科技 | 4.68% | +0.50% | +83.02% | |
| 7 | LITE | Lumentum Holdings Inc | 股票-科技 | 4.34% | -2.00% | — | |
| 8 | VRT | Vertiv Holdings Co-a | 股票-工業 | 4.21% | -0.99% | -1.13% | |
| 9 | INTC | Intel CORP | 股票-科技 | 4.09% | +1.60% | -2.28% | |
| 10 | CLS | Celestica Inc | 股票-科技 | 3.46% | -0.47% | -15.28% | |
| 11 | BE | Bloom Energy Corp- A | 股票-工業 | 3.05% | +1.23% | +7.79% | |
| 12 | NBIS | Nebius Group N.V. | 股票-其他 | 2.97% | +1.65% | +57.92% | |
| 13 | MU | Micron Technology Inc | 股票-科技 | 2.82% | +3.40% | -56.28% | |
| 14 | COHR | Coherent CORP | 股票-科技 | 2.49% | -1.17% | +95.16% | |
| 15 | GEV | GE Vernova Inc | 股票-工業 | 2.11% | -0.10% | +363.78% | |
| 16 | MSFT | Microsoft CORP | 股票-科技 | 2.06% | +0.56% | +15.79% | |
| 17 | EQT | Eqt CORP | 股票-能源 | 1.72% | -0.89% | +22.93% | |
| 18 | AMAT | Applied Materials Inc | 股票-科技 | 1.63% | -1.06% | +85.28% | |
| 19 | LRCX | Lam Research CORP | 股票-科技 | 1.47% | -1.02% | +31.82% | |
| 20 | ORCL | Oracle CORP | 股票-科技 | 1.44% | -0.79% | +72.50% | |
| 21 | APLD | Applied Digital CORP | 股票-科技 | 1.39% | -0.18% | — | |
| 22 | VST | Vistra CORP | 股票-公用事業 | 1.39% | -0.06% | -48.75% | |
| 23 | FIX | Comfort Systems USA Inc | 股票-工業 | 1.38% | -0.22% | +168.70% | |
| 24 | IREN | IREN Limited | 股票-其他 | 1.34% | +0.23% | -9.24% | |
| 25 | HUT | Hut 8 CORP | 股票-金融 | 1.29% | -0.22% | +43.07% | |
| 26 | CEG | Constellation Energy | 股票-公用事業 | 1.24% | -0.07% | -64.63% | |
| 27 | RIOT | Riot Platforms Inc | 股票-金融 | 1.23% | -0.02% | +72.78% | |
| 28 | CORZ | Core Scientific Inc | 股票-科技 | 1.18% | +0.04% | — | |
| 29 | CIFR | Cipher Digital Inc | 股票-科技 | 1.11% | — | +45.90% | |
| 30 | AMD | Advanced Micro Devices | 股票-科技 | 0.95% | +1.24% | — | |
| 31 | ALAB | Astera Labs Inc | 股票-科技 | 0.95% | +0.38% | -58.77% | |
| 32 | SNOW | Snowflake Inc | 股票-科技 | 0.80% | -0.37% | +37.90% | |
| 33 | AAPL | Apple Inc | 股票-科技 | 0.72% | -0.03% | +26.56% | |
| 34 | EME | Emcor Group Inc | 股票-工業 | 0.68% | -0.08% | +308.80% | |
| 35 | KLAC | Kla CORP | 股票-科技 | 0.62% | -1.01% | +36.74% | |
| 36 | TLN | Talen Energy CORP | 股票-公用事業 | 0.59% | -0.09% | -64.64% | |
| 37 | QCOM | Qualcomm Inc | 股票-科技 | 0.54% | -0.03% | -11.59% | |
| 38 | SEI | Solaris Energy Infrastructur | 股票-能源 | 0.45% | -0.24% | EXIT | |
| 39 | AGX | Argan Inc | 股票-工業 | 0.41% | — | -42.92% | |
| 40 | ✓ | Bitdeer Technologies Group | 股票-其他 | 0.37% | +0.04% | +136.99% | |
| 41 | STX | Seagate Technology Holdings plc | 股票-科技 | 0.35% | -0.02% | — | |
| 42 | GTLB | Gitlab Inc-cl A | 股票-科技 | 0.28% | — | NEW | |
| 43 | EEM | Ishares Msci Emerging Market | ETF-新興市場 | 0.25% | -0.02% | -39.13% | |
| 44 | GLXY | Galaxy Digital Inc-a | 股票-其他 | 0.24% | — | — | |
| 45 | NRG | Nrg Energy Inc | 股票-公用事業 | 0.22% | — | -84.53% | |
| 46 | LGN | Legence Corp-cl A | 股票-其他 | 0.11% | +0.07% | +22.62% | |
| 47 | HNRG | Hallador Energy Co | 股票-其他 | 0.06% | -0.02% | — | |
| 48 | BKV | Bkv Corporation | 股票-其他 | 0.05% | +0.01% | +12.68% | |
| 49 | TSSI | Tss Inc | 股票-其他 | 0.03% | -0.02% | +6.78% | |
| 50 | AAON | Aaon Inc | 股票-工業 | 0.03% | — | -92.05% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +3.6% | +68.86% | 加碼 |
| 2 | COHR | Coherent CORP | +1.6% | +95.16% | 加碼 |
| 3 | GEV | GE Vernova Inc | +1.6% | +363.78% | 加碼 |
| 4 | AMZN | Amazon.com Inc | +1.2% | +52.10% | 加碼 |
| 5 | GOOGL | Alphabet Inc-cl A | +1% | +17.36% | 加碼 |
| 6 | FIX | Comfort Systems USA Inc | +0.8% | +168.70% | 加碼 |
| 7 | AMAT | Applied Materials Inc | +0.8% | +85.28% | 加碼 |
| 8 | HUT | Hut 8 CORP | +0.5% | +43.07% | 加碼 |
| 9 | EME | Emcor Group Inc | +0.5% | +308.80% | 加碼 |
| 10 | LRCX | Lam Research CORP | +0.4% | +31.82% | 加碼 |
| 11 | CIFR | Cipher Digital Inc | +0.3% | +45.90% | 加碼 |
| 12 | KLAC | Kla CORP | +0.1% | +36.74% | 加碼 |
| 13 | AMD | Advanced Micro Devices | +0.1% | — | 不變 |
| 14 | SNOW | Snowflake Inc | +0.1% | +37.90% | 加碼 |
| 15 | ✓ | Bitdeer Technologies Group | +0.1% | +136.99% | 加碼 |
| 16 | AAPL | Apple Inc | +0.1% | +26.56% | 加碼 |
| 17 | LGN | Legence Corp-cl A | 0% | +22.62% | 加碼 |
| 18 | GOOG | Alphabet Inc-cl C | 0% | — | 不變 |
| 19 | BKV | Bkv Corporation | — | +12.68% | 加碼 |
| 20 | EQT | Eqt CORP | 0% | +22.93% | 加碼 |
| 21 | EWT | Ishares Msci Taiwan ETF | 0% | -37.50% | 減碼 |
| 22 | HNRG | Hallador Energy Co | 0% | — | 不變 |
| 23 | ORCL | Oracle CORP | 0% | +72.50% | 加碼 |
| 24 | RIOT | Riot Platforms Inc | -0.1% | +72.78% | 加碼 |
| 25 | TSSI | Tss Inc | -0.1% | +6.78% | 加碼 |
| 26 | NBIS | Nebius Group N.V. | -0.1% | +57.92% | 加碼 |
| 27 | GTLB | Gitlab Inc-cl A | -0.1% | +3.48% | 加碼 |
| 28 | QCOM | Qualcomm Inc | -0.2% | -11.59% | 減碼 |
| 29 | EEM | Ishares Msci Emerging Market | -0.2% | -39.13% | 減碼 |
| 30 | MSFT | Microsoft CORP | -0.3% | +15.79% | 加碼 |
| 31 | BE | Bloom Energy Corp- A | -0.3% | +7.79% | 加碼 |
| 32 | AGX | Argan Inc | -0.3% | -42.92% | 減碼 |
| 33 | TSM | Taiwan Semiconductor-sp Adr | -0.4% | +7.16% | 加碼 |
| 34 | AVGO | Broadcom Inc | -0.5% | +5.70% | 加碼 |
| 35 | INTC | Intel CORP | -0.5% | -2.28% | 減碼 |
| 36 | AAON | Aaon Inc | -0.6% | -92.05% | 減碼 |
| 37 | VRT | Vertiv Holdings Co-a | -0.6% | -1.13% | 減碼 |
| 38 | CLS | Celestica Inc | -0.7% | -15.28% | 減碼 |
| 39 | IREN | IREN Limited | -0.9% | -9.24% | 減碼 |
| 40 | CRWV | Coreweave Inc-cl A | -1.3% | +83.02% | 加碼 |
| 41 | NRG | Nrg Energy Inc | -1.6% | -84.53% | 減碼 |
| 42 | TLN | Talen Energy CORP | -1.7% | -64.64% | 減碼 |
| 43 | MU | Micron Technology Inc | -1.8% | -56.28% | 減碼 |
| 44 | ALAB | Astera Labs Inc | -2.4% | -58.77% | 減碼 |
| 45 | VST | Vistra CORP | -2.6% | -48.75% | 減碼 |
| 46 | CEG | Constellation Energy | -2.7% | -64.63% | 減碼 |
| 47 | LITE | Lumentum Holdings Inc | — | NEW | 新建倉 |
| 48 | APLD | Applied Digital CORP | — | NEW | 新建倉 |
| 49 | CORZ | Core Scientific Inc | — | NEW | 新建倉 |
| 50 | SEI | Solaris Energy Infrastructur | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Value Aligned Research Advisors, LLC 在 Q4 2025 季度的美股持倉總市值約為 US$401.1億，共申報了 53 個公開持股部位。
在 Q4 2025 季度，Value Aligned Research Advisors, LLC 按市值排列的前三大核心持股分別為：NVDA (12.7%)、TSM (9.6%)、GOOGL (5.2%)。其中最大持股部位 NVDA 佔據整體投資組合約 12.7% 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
LITE
市值: US$4.3億
本季最大獲利了結 / 清倉標的
FN
前期市值: US$4259.4萬
在 Q4 2025 季度中，Value Aligned Research Advisors, LLC 共進行了 54 項持倉異動，包含新建倉 7 個部位、加碼 28 個部位、減碼 15 個部位以及清倉 4 個部位。 其中最大新建倉標的為 LITE。 本季清倉部位包含 FN。
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。