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: 0001454027
申報總市值
US$196.9億
US$196.9億
2771 檔
29.1%
在 Q4 2025 申報期間，Verition Fund Management LLC（CIK: 0001454027）向美國 SEC 提交的 Form 13F 報告顯示，其追蹤之股票投資組合總市值達 US$196.9億，共持有 2771 個公開申報部位。
在 Q4 2025 期間，Verition Fund Management LLC 展現了靈活的資產再平衡步調，透過出清 18 檔弱勢或達到目標價部位，將資金轉置於 14 檔新建倉標的之中。
在資產配置集中度方面，Verition Fund Management LLC 的前 5 大核心持股（包含 NVDA, IVV, TSLA 等）合計佔整體申報市值的 29.1%，反映機構在主要關鍵部位上的權重分佈。
僅顯示前 200 大持股（共 2771 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 | 5.24% | +0.01% | +19.36% | |
| 2 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 5.06% | +5.53% | +25.00% | |
| 3 | TSLA | Tesla Inc | 股票-循環性消費 | 4.71% | — | +2411.99% | |
| 4 | AMZN | Amazon.com Inc | 股票-循環性消費 | 3.94% | +0.04% | +111.58% | |
| 5 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 3.55% | -1.15% | +111.61% | |
| 6 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-非投資等級債 | 1.95% | -2.89% | +38.09% | |
| 7 | WBD | Warner Bros Discovery Inc | 股票-通訊服務 | 1.70% | -0.05% | +81.45% | |
| 8 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 1.68% | +5.61% | -27.53% | |
| 9 | AAPL | Apple Inc | 股票-科技 | 1.37% | +0.02% | +156.43% | |
| 10 | MSFT | Microsoft CORP | 股票-科技 | 1.22% | +0.11% | +152.70% | |
| 11 | IBIT | Ishares Bitcoin Trust ETF | ETF-加密貨幣 | 0.90% | -0.12% | +61.43% | |
| 12 | EA | Electronic Arts Inc | 股票-通訊服務 | 0.85% | +0.17% | +179.28% | |
| 13 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 0.81% | +0.33% | +422.78% | |
| 14 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.79% | +0.29% | +1032.58% | |
| 15 | MU | Micron Technology Inc | 股票-科技 | 0.76% | +0.74% | +184.73% | |
| 16 | NSC | Norfolk Southern CORP | 股票-工業 | 0.73% | -0.15% | +37.25% | |
| 17 | ✓ | Cyberark Software LTD. Cmn | 股票-其他 | 0.73% | — | +48.96% | |
| 18 | CMCSA | Comcast Corp-class A | 股票-通訊服務 | 0.57% | +0.25% | +735.39% | |
| 19 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 0.56% | +0.42% | +199.03% | |
| 20 | EXK | Exact Sciences CORP | 股票-原物料 | 0.52% | — | +642.77% | |
| 21 | TLT | Ishares 20+ Year Treasury Bd | ETF-政府公債 | 0.48% | +0.34% | +342.31% | |
| 22 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | ETF-投資等級公司債 | 0.45% | -0.73% | -66.91% | |
| 23 | GLD | Spdr Gold Shares | ETF-避險與商品 | 0.43% | -0.41% | +135.38% | |
| 24 | ONB | Old National Bancorp | 股票-金融 | 0.42% | -0.40% | +51.80% | |
| 25 | EWZ | Ishares Msci Brazil ETF | ETF-其他 | 0.41% | -0.13% | +118.67% | |
| 26 | WDC | Western Digital CORP | 股票-科技 | 0.41% | +0.24% | +42.02% | |
| 27 | BABA | Alibaba Group Holding-sp Adr | 股票-循環性消費 | 0.41% | -0.01% | +8614.75% | |
| 28 | CDTX | Cidara Therapeutics Inc | 股票-其他 | 0.37% | — | — | |
| 29 | AVGO | Broadcom Inc | 股票-科技 | 0.37% | +0.11% | +251.21% | |
| 30 | BPOP | Popular Inc | 股票-金融 | 0.35% | -0.12% | +4.25% | |
| 31 | AMD | Advanced Micro Devices | 股票-科技 | 0.32% | -0.48% | +15.48% | |
| 32 | RNR | RenaissanceRe Holdings Ltd. | 股票-金融 | 0.29% | -0.24% | -11.03% | |
| 33 | MSTR 0 12-01-29債券 | Strategy Inc | 債券 | 0.29% | -0.28% | — | |
| 34 | BRO | Brown & Brown Inc | 股票-金融 | 0.29% | -0.46% | EXIT | |
| 35 | ASB | Associated Banc-corp | 股票-金融 | 0.29% | -0.07% | +50.64% | |
| 36 | AON | Aon plc | 股票-金融 | 0.29% | +0.17% | +0.89% | |
| 37 | ALL | Allstate CORP | 股票-金融 | 0.29% | +0.02% | +38.16% | |
| 38 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 0.29% | +0.25% | +94.75% | |
| 39 | TRV | Travelers Cos Inc/the | 股票-金融 | 0.28% | — | -3.25% | |
| 40 | CAT | Caterpillar Inc | 股票-工業 | 0.28% | +0.01% | +84.58% | |
| 41 | KRE | Ss Spdr S&p Regional Bank | ETF-其他 | 0.26% | +0.01% | +31.32% | |
| 42 | WSBC | Wesbanco Inc | 股票-其他 | 0.24% | -0.10% | +1.17% | |
| 43 | WBS | Webster Financial CORP | 股票-金融 | 0.24% | +0.03% | -1.29% | |
| 44 | KVUE | Kenvue Inc | 股票-非循環性消費 | 0.24% | +0.02% | +140.09% | |
| 45 | INDB | Independent Bank Corp/ma | 股票-其他 | 0.24% | -0.07% | -12.36% | |
| 46 | BBT | Beacon Financial CORP | 股票-其他 | 0.24% | -0.02% | +177.15% | |
| 47 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.23% | +0.47% | +86.87% | |
| 48 | FHN | First Horizon CORP | 股票-金融 | 0.23% | +0.06% | +53.82% | |
| 49 | NEM | Newmont CORP | 股票-原物料 | 0.22% | -0.01% | +48.45% | |
| 50 | RNAGBP | Avidity Biosciences Inc | 股票-其他 | 0.22% | — | +2097.28% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | TSLA | Tesla Inc | +4.5% | +2411.99% | 加碼 |
| 2 | AMZN | Amazon.com Inc | +2.1% | +111.58% | 加碼 |
| 3 | SPY | Ss Spdr S&p 500 ETF Trust-us | +1.8% | +111.61% | 加碼 |
| 4 | WBD | Warner Bros Discovery Inc | +1% | +81.45% | 加碼 |
| 5 | IVV | Ishares Core S&p 500 ETF | +0.9% | +25.00% | 加碼 |
| 6 | AAPL | Apple Inc | +0.8% | +156.43% | 加碼 |
| 7 | PLTR | Palantir Technologies Inc-a | +0.7% | +1032.58% | 加碼 |
| 8 | MSFT | Microsoft CORP | +0.7% | +152.70% | 加碼 |
| 9 | IWM | Ishares Russell 2000 ETF | +0.7% | +422.78% | 加碼 |
| 10 | NVDA | Nvidia CORP | +0.6% | +19.36% | 加碼 |
| 11 | MU | Micron Technology Inc | +0.6% | +184.73% | 加碼 |
| 12 | EA | Electronic Arts Inc | +0.5% | +179.28% | 加碼 |
| 13 | CMCSA | Comcast Corp-class A | +0.5% | +735.39% | 加碼 |
| 14 | EXK | Exact Sciences CORP | +0.5% | +642.77% | 加碼 |
| 15 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | +0.5% | +38.09% | 加碼 |
| 16 | GOOGL | Alphabet Inc-cl A | +0.4% | +199.03% | 加碼 |
| 17 | BABA | Alibaba Group Holding-sp Adr | +0.4% | +8614.75% | 加碼 |
| 18 | TLT | Ishares 20+ Year Treasury Bd | +0.4% | +342.31% | 加碼 |
| 19 | AVGO | Broadcom Inc | +0.3% | +251.21% | 加碼 |
| 20 | GLD | Spdr Gold Shares | +0.3% | +135.38% | 加碼 |
| 21 | EWZ | Ishares Msci Brazil ETF | +0.2% | +118.67% | 加碼 |
| 22 | RNAGBP | Avidity Biosciences Inc | +0.2% | +2097.28% | 加碼 |
| 23 | DAY | Dayforce Inc | +0.2% | +5561.86% | 加碼 |
| 24 | WDC | Western Digital CORP | +0.2% | +42.02% | 加碼 |
| 25 | ✓ | Cyberark Software LTD. Cmn | +0.2% | +48.96% | 加碼 |
| 26 | CWAN | Clearwater Analytics Holdings, Inc. | +0.2% | +1153.73% | 加碼 |
| 27 | AEP | American Electric Power | +0.2% | +283.89% | 加碼 |
| 28 | BBT | Beacon Financial CORP | +0.2% | +177.15% | 加碼 |
| 29 | NSC | Norfolk Southern CORP | +0.2% | +37.25% | 加碼 |
| 30 | CAT | Caterpillar Inc | +0.2% | +84.58% | 加碼 |
| 31 | TSM | Taiwan Semiconductor-sp Adr | +0.2% | +94.75% | 加碼 |
| 32 | IBIT | Ishares Bitcoin Trust ETF | +0.1% | +61.43% | 加碼 |
| 33 | KVUE | Kenvue Inc | +0.1% | +140.09% | 加碼 |
| 34 | ONB | Old National Bancorp | +0.1% | +51.80% | 加碼 |
| 35 | GOOG | Alphabet Inc-cl C | +0.1% | +86.87% | 加碼 |
| 36 | ASML | ASML Holding N.V. | +0.1% | +134.34% | 加碼 |
| 37 | KMB | Kimberly-clark CORP | +0.1% | +289.18% | 加碼 |
| 38 | SDA | Sealed Air CORP | +0.1% | +329.03% | 加碼 |
| 39 | AMD | Advanced Micro Devices | +0.1% | +15.48% | 加碼 |
| 40 | GU9 | Guess? Inc | +0.1% | +5033.37% | 加碼 |
| 41 | PEG | Public Service Enterprise Gp | +0.1% | +427.72% | 加碼 |
| 42 | ASB | Associated Banc-corp | +0.1% | +50.64% | 加碼 |
| 43 | NEM | Newmont CORP | +0.1% | +48.45% | 加碼 |
| 44 | EWBC | East West Bancorp Inc | +0.1% | +138.77% | 加碼 |
| 45 | SNOW | Snowflake Inc | +0.1% | +86.25% | 加碼 |
| 46 | JAMF | Jamf Holding CORP | +0.1% | +586.35% | 加碼 |
| 47 | BEN | Franklin Resources Inc | +0.1% | +69.87% | 加碼 |
| 48 | ZION | Zions Bancorp NA | +0.1% | +2484.97% | 加碼 |
| 49 | FHN | First Horizon CORP | +0.1% | +53.82% | 加碼 |
| 50 | FUL | H.b. Fuller Co. | +0.1% | +1379.48% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Verition Fund Management LLC 在 Q4 2025 季度的美股持倉總市值約為 US$196.9億，共申報了 2771 個公開持股部位。
在 Q4 2025 季度，Verition Fund Management LLC 按市值排列的前三大核心持股分別為：NVDA (5.2%)、IVV (5.1%)、TSLA (4.7%)。其中最大持股部位 NVDA 佔據整體投資組合約 5.2% 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
CDTX
市值: US$9459.2萬
本季最大獲利了結 / 清倉標的
KEL
前期市值: US$9049.3萬
在 Q4 2025 季度中，Verition Fund Management LLC 共進行了 200 項持倉異動，包含新建倉 14 個部位、加碼 80 個部位、減碼 88 個部位以及清倉 18 個部位。 其中最大新建倉標的為 CDTX。 本季清倉部位包含 KEL。
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。