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: 0001479847
申報總市值
US$54.9億
US$54.9億
770 檔
20.8%
截至 Q4 2025 季度末，Voleon Capital Management LP 的美股持倉估值約為 US$54.9億，全數申報部位共有 770 檔。
在 Q4 2025，Voleon Capital Management LP 操作展現出積極擴展與加碼意向。本季共新建倉 13 個新部位，並對 113 個既有持股進行加碼（合計增持 126 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 NVDA, AAPL, MSFT）占據了總市值的 20.8%，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 770 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 | 6.27% | -0.55% | +8.40% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 5.81% | -0.35% | +6.27% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 4.95% | +0.14% | +12.93% | |
| 4 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 4.50% | -0.20% | +2.77% | |
| 5 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.98% | -0.07% | +13.33% | |
| 6 | TSLA | Tesla Inc | 股票-循環性消費 | 1.91% | +0.25% | +1.41% | |
| 7 | AVGO | Broadcom Inc | 股票-科技 | 1.35% | -0.08% | -13.79% | |
| 8 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.28% | +0.44% | -17.89% | |
| 9 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.28% | -0.26% | +42.96% | |
| 10 | MA | Mastercard Inc - A | 股票-金融 | 1.27% | +0.04% | +63.78% | |
| 11 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 1.03% | -0.30% | +26.60% | |
| 12 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.94% | -0.29% | +153.87% | |
| 13 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 0.90% | -0.36% | +57.57% | |
| 14 | WMT | Walmart Inc | 股票-非循環性消費 | 0.78% | -0.10% | -17.47% | |
| 15 | DXCM | Dexcom Inc | 股票-醫療保健 | 0.77% | -0.26% | +112.93% | |
| 16 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.72% | +0.38% | +22.79% | |
| 17 | FTNT | Fortinet Inc | 股票-科技 | 0.70% | -0.19% | +189.82% | |
| 18 | CMG | Chipotle Mexican Grill Inc | 股票-循環性消費 | 0.69% | +0.05% | +295.14% | |
| 19 | MPC | Marathon Petroleum CORP | 股票-能源 | 0.69% | -0.45% | +75.68% | |
| 20 | LRCX | Lam Research CORP | 股票-科技 | 0.66% | +0.07% | -31.56% | |
| 21 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.66% | +0.02% | +24.83% | |
| 22 | HOOD | Robinhood Markets Inc - A | 股票-金融 | 0.66% | -0.08% | +17.71% | |
| 23 | GEV | GE Vernova Inc | 股票-工業 | 0.64% | -0.22% | +30.27% | |
| 24 | LMT | Lockheed Martin CORP | 股票-工業 | 0.64% | -0.31% | +283.14% | |
| 25 | UNP | Union Pacific CORP | 股票-工業 | 0.62% | -0.03% | -3.89% | |
| 26 | ORLY | O'reilly Automotive Inc | 股票-循環性消費 | 0.60% | +0.11% | +361.94% | |
| 27 | RDDT | Reddit Inc-cl A | 股票-通訊服務 | 0.60% | -0.12% | +47.64% | |
| 28 | MU | Micron Technology Inc | 股票-科技 | 0.60% | +0.81% | +4.30% | |
| 29 | RBRK | Rubrik Inc-a | 股票-科技 | 0.58% | -0.19% | +60.26% | |
| 30 | T | At&t Inc | 股票-通訊服務 | 0.57% | -0.50% | +165.71% | |
| 31 | BSX | Boston Scientific CORP | 股票-醫療保健 | 0.57% | -0.02% | +30.73% | |
| 32 | SYK | Stryker CORP | 股票-醫療保健 | 0.53% | -0.07% | +296.78% | |
| 33 | HON | Honeywell International Inc | 股票-工業 | 0.51% | -0.04% | EXIT | |
| 34 | RBLX | Roblox CORP -class A | 股票-通訊服務 | 0.51% | -0.16% | +27.65% | |
| 35 | ODFL | Old Dominion Freight Line | 股票-工業 | 0.50% | -0.18% | +31.41% | |
| 36 | MCO | Moody's CORP | 股票-金融 | 0.50% | -0.10% | +280.80% | |
| 37 | ALAB | Astera Labs Inc | 股票-科技 | 0.49% | +0.44% | +45.33% | |
| 38 | BAC | Bank Of America CORP | 股票-金融 | 0.47% | -0.31% | -42.55% | |
| 39 | WMB | Williams Cos Inc | 股票-能源 | 0.45% | -0.33% | +51.27% | |
| 40 | ALNY | Alnylam Pharmaceuticals Inc | 股票-醫療保健 | 0.44% | -0.14% | +50.50% | |
| 41 | AXSM | Axsome Therapeutics Inc | 股票-醫療保健 | 0.43% | -0.16% | +558.41% | |
| 42 | SF | Stifel Financial CORP | 股票-金融 | 0.41% | -0.12% | +72.92% | |
| 43 | RIVN | Rivian Automotive Inc-a | 股票-循環性消費 | 0.41% | -0.02% | +789.69% | |
| 44 | SRPT | Sarepta Therapeutics Inc | 股票-醫療保健 | 0.41% | -0.16% | +75.59% | |
| 45 | BKD | Brookdale Senior Living Inc | 股票-其他 | 0.40% | -0.23% | +103.61% | |
| 46 | GD | General Dynamics CORP | 股票-工業 | 0.40% | +0.23% | +44.40% | |
| 47 | CPRT | Copart Inc | 股票-工業 | 0.39% | +0.03% | +285.53% | |
| 48 | ANET | Arista Networks Inc | 股票-科技 | 0.39% | -0.29% | +340.52% | |
| 49 | CI | THE Cigna Group | 股票-醫療保健 | 0.38% | -0.03% | +54.56% | |
| 50 | COMP | Compass Inc - Class A | 股票-房地產 | 0.38% | -0.11% | +931.47% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | GOOGL | Alphabet Inc-cl A | +0.6% | +2.77% | 加碼 |
| 2 | LLY | Eli Lilly & Co | +0.6% | +153.87% | 加碼 |
| 3 | CMG | Chipotle Mexican Grill Inc | +0.5% | +295.14% | 加碼 |
| 4 | LMT | Lockheed Martin CORP | +0.5% | +283.14% | 加碼 |
| 5 | ORLY | O'reilly Automotive Inc | +0.4% | +361.94% | 加碼 |
| 6 | FTNT | Fortinet Inc | +0.4% | +189.82% | 加碼 |
| 7 | MA | Mastercard Inc - A | +0.4% | +63.78% | 加碼 |
| 8 | AXSM | Axsome Therapeutics Inc | +0.4% | +558.41% | 加碼 |
| 9 | SYK | Stryker CORP | +0.4% | +296.78% | 加碼 |
| 10 | RIVN | Rivian Automotive Inc-a | +0.4% | +789.69% | 加碼 |
| 11 | DXCM | Dexcom Inc | +0.4% | +112.93% | 加碼 |
| 12 | MCO | Moody's CORP | +0.4% | +280.80% | 加碼 |
| 13 | COMP | Compass Inc - Class A | +0.4% | +931.47% | 加碼 |
| 14 | BLK | Blackrock Inc | +0.3% | +525.12% | 加碼 |
| 15 | T | At&t Inc | +0.3% | +165.71% | 加碼 |
| 16 | ANET | Arista Networks Inc | +0.3% | +340.52% | 加碼 |
| 17 | ABVX | Abivax Sa-adr | +0.3% | +528.91% | 加碼 |
| 18 | BRK-B | Berkshire Hathaway Inc-cl B | +0.3% | +42.96% | 加碼 |
| 19 | HON | Honeywell International Inc | +0.3% | +164.72% | 加碼 |
| 20 | CPRT | Copart Inc | +0.3% | +285.53% | 加碼 |
| 21 | BKNG | Booking Holdings Inc | +0.3% | +57.57% | 加碼 |
| 22 | MANH | Manhattan Associates Inc | +0.2% | +852.68% | 加碼 |
| 23 | BKD | Brookdale Senior Living Inc | +0.2% | +103.61% | 加碼 |
| 24 | PEG | Public Service Enterprise Gp | +0.2% | +1313.36% | 加碼 |
| 25 | MU | Micron Technology Inc | +0.2% | +4.30% | 加碼 |
| 26 | TTD | Trade Desk Inc/the -class A | +0.2% | +318.25% | 加碼 |
| 27 | LVS | Las Vegas Sands CORP | +0.2% | +1817.07% | 加碼 |
| 28 | HNGE | Hinge Health Inc-a | +0.2% | +187.61% | 加碼 |
| 29 | NU | Nu Holdings Ltd. | +0.2% | +181.48% | 加碼 |
| 30 | TXN | Texas Instruments Inc | +0.2% | +132.21% | 加碼 |
| 31 | VRSK | Verisk Analytics Inc | +0.2% | +190.62% | 加碼 |
| 32 | GRAL | Grail Inc | +0.2% | +140.20% | 加碼 |
| 33 | ASAN | Asana Inc - Cl A | +0.2% | +2229.40% | 加碼 |
| 34 | MPC | Marathon Petroleum CORP | +0.2% | +75.68% | 加碼 |
| 35 | SRPT | Sarepta Therapeutics Inc | +0.2% | +75.59% | 加碼 |
| 36 | SF | Stifel Financial CORP | +0.2% | +72.92% | 加碼 |
| 37 | ETN | Eaton Corporation plc | +0.2% | +493.57% | 加碼 |
| 38 | CHD | Church & Dwight Co Inc | +0.2% | +225.95% | 加碼 |
| 39 | ALHC | Alignment Healthcare Inc | +0.2% | +902.06% | 加碼 |
| 40 | BEPC | Brookfield Renewable CORP | +0.2% | +1219.03% | 加碼 |
| 41 | PL | Planet Labs Pbc | +0.2% | +1200.92% | 加碼 |
| 42 | ROST | Ross Stores Inc | +0.2% | +95.03% | 加碼 |
| 43 | ASND | Ascendis Pharma A/S | +0.2% | +117.34% | 加碼 |
| 44 | TOST | Toast Inc-class A | +0.2% | +181.53% | 加碼 |
| 45 | PRM | Perimeter Solutions Inc | +0.2% | +1032.92% | 加碼 |
| 46 | SYM | Symbotic Inc | +0.2% | +170.44% | 加碼 |
| 47 | ✓ | Establishment Labs Holdings In | +0.2% | +286.86% | 加碼 |
| 48 | INTC | Intel CORP | +0.2% | +84.23% | 加碼 |
| 49 | PEP | Pepsico Inc | +0.2% | +137.90% | 加碼 |
| 50 | VRSN | Verisign Inc | +0.2% | +1274.90% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Voleon Capital Management LP 在 Q4 2025 季度的美股持倉總市值約為 US$54.9億，共申報了 770 個公開持股部位。
在 Q4 2025 季度，Voleon Capital Management LP 按市值排列的前三大核心持股分別為：NVDA (6.3%)、AAPL (5.8%)、MSFT (5.0%)。其中最大持股部位 NVDA 佔據整體投資組合約 6.3% 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
VRDN
市值: US$1075.9萬
本季最大獲利了結 / 清倉標的
MCK
前期市值: US$1095.8萬
在 Q4 2025 季度中，Voleon Capital Management LP 共進行了 200 項持倉異動，包含新建倉 13 個部位、加碼 113 個部位、減碼 67 個部位以及清倉 7 個部位。 其中最大新建倉標的為 VRDN。 本季清倉部位包含 MCK。
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。