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: 0001729300
申報總市值
US$3.9億
US$3.9億
161 檔
14.8%
根據最新整理的 13F 季度數據集，X-Square Capital, LLC 於 Q4 2025 結束時的管理資產規模為 US$3.9億。該機構在本季度申報了 161 檔美股持倉，呈現出該時期的主要投資地圖。
Q4 2025 的申報記錄反映 X-Square Capital, LLC 的板塊替換策略：機構本季推動了 79 筆增持與 81 筆減持，籌碼呈現明顯的結構重組。
檢視投資組合結構，前 5 大主力部位（包含 HIMS, ASTS, SPY）占據了總市值的 14.8%，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 | HIMS | Hims & Hers Health Inc | 股票-醫療保健 | 4.99% | +0.80% | +9.68% | |
| 2 | ASTS | Ast Spacemobile Inc | 股票-科技 | 4.05% | +4.22% | -25.33% | |
| 3 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 3.90% | -0.46% | +4.32% | |
| 4 | AMD | Advanced Micro Devices | 股票-科技 | 3.16% | +2.31% | -27.72% | |
| 5 | IREN | IREN Limited | 股票-其他 | 2.97% | +0.16% | — | |
| 6 | MELI | Mercadolibre Inc | 股票-循環性消費 | 2.53% | -0.42% | +103.18% | |
| 7 | MU | Micron Technology Inc | 股票-科技 | 2.41% | +1.96% | -33.27% | |
| 8 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 2.32% | -1.22% | +1.40% | |
| 9 | JPM | Jpmorgan Chase & Co | 股票-金融 | 2.30% | -0.16% | -2.13% | |
| 10 | ROOT | Root Inc/oh -class A | 股票-其他 | 1.82% | -0.54% | EXIT | |
| 11 | NVDA | Nvidia CORP | 股票-科技 | 1.69% | -0.22% | +9.58% | |
| 12 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 1.67% | -0.25% | -4.70% | |
| 13 | TJX | Tjx Companies Inc | 股票-循環性消費 | 1.63% | -0.47% | -2.88% | |
| 14 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.59% | -0.05% | -1.06% | |
| 15 | AMGN | Amgen Inc | 股票-醫療保健 | 1.54% | -0.25% | -1.67% | |
| 16 | IBIT | Ishares Bitcoin Trust ETF | ETF-加密貨幣 | 1.51% | -0.42% | -31.24% | |
| 17 | MSTR | Strategy Inc | 股票-科技 | 1.40% | -0.97% | EXIT | |
| 18 | DUOL | Duolingo | 股票-科技 | 1.36% | -0.17% | +206.61% | |
| 19 | URI | United Rentals Inc | 股票-工業 | 1.34% | +0.25% | -2.85% | |
| 20 | WMT | Walmart Inc | 股票-非循環性消費 | 1.32% | -0.22% | +1.05% | |
| 21 | GD | General Dynamics CORP | 股票-工業 | 1.24% | -0.26% | -2.73% | |
| 22 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.21% | -0.08% | +0.90% | |
| 23 | SU | Suncor Energy Inc | 股票-能源 | 1.21% | -0.40% | -3.05% | |
| 24 | CPRT | Copart Inc | 股票-工業 | 1.17% | -0.22% | -1.34% | |
| 25 | ABBV | Abbvie Inc | 股票-醫療保健 | 1.15% | -0.08% | -3.27% | |
| 26 | AAPL | Apple Inc | 股票-科技 | 1.10% | -0.21% | +4.50% | |
| 27 | EXPE | Expedia Group Inc | 股票-循環性消費 | 1.07% | -0.13% | -1.56% | |
| 28 | XPO | Xpo Inc | 股票-工業 | 1.03% | -0.29% | -4.13% | |
| 29 | TSLA | Tesla Inc | 股票-循環性消費 | 1.01% | -0.12% | -3.61% | |
| 30 | MSFT | Microsoft CORP | 股票-科技 | 0.97% | -0.09% | -1.14% | |
| 31 | ONDS | Ondas Inc | 股票-科技 | 0.96% | +0.42% | NEW | |
| 32 | PM | Philip Morris International | 股票-非循環性消費 | 0.95% | -0.16% | -2.25% | |
| 33 | TDG | Transdigm Group Inc | 股票-工業 | 0.94% | -0.09% | -3.87% | |
| 34 | NAIL | Dire Dail Hb & Sb 3x Etf-usd | ETF-其他 | 0.85% | — | — | |
| 35 | ORCL | Oracle CORP | 股票-科技 | 0.84% | -0.29% | +193.02% | |
| 36 | PYPL | Paypal Holdings Inc | 股票-金融 | 0.78% | -0.10% | -4.13% | |
| 37 | BKNG | Booking Holdings Inc | 股票-循環性消費 | 0.76% | -0.17% | — | |
| 38 | LULU | Lululemon Athletica Inc | 股票-循環性消費 | 0.74% | -0.24% | -4.77% | |
| 39 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.74% | -0.24% | +1.87% | |
| 40 | DG | Dollar General CORP | 股票-非循環性消費 | 0.70% | -0.17% | -4.24% | |
| 41 | RACE | Ferrari N.V. | 股票-循環性消費 | 0.70% | -0.07% | — | |
| 42 | ZTAX | X-square Municipal Inc ETF | ETF-其他 | 0.68% | -0.17% | +0.09% | |
| 43 | VALE | Vale Sa-sp Adr | 股票-原物料 | 0.68% | -0.24% | -1.26% | |
| 44 | GNRC | Generac Holdings Inc | 股票-工業 | 0.67% | +0.17% | -4.08% | |
| 45 | ORLY | O'reilly Automotive Inc | 股票-循環性消費 | 0.66% | -0.15% | -7.25% | |
| 46 | DPZ | Domino's Pizza Inc | 股票-循環性消費 | 0.65% | -0.21% | -3.95% | |
| 47 | OFG | Ofg Bancorp | 股票-其他 | 0.64% | -0.06% | -70.39% | |
| 48 | FBP | First Bancorp Puerto Rico | 股票-其他 | 0.64% | -0.05% | -64.75% | |
| 49 | CROX | Crocs Inc | 股票-循環性消費 | 0.63% | +0.08% | -1.34% | |
| 50 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 0.62% | +0.02% | +1.40% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | MELI | Mercadolibre Inc | +1.2% | +103.18% | 加碼 |
| 2 | ONDS | Ondas Inc | +0.6% | +100.00% | 加碼 |
| 3 | DUOL | Duolingo | +0.6% | +206.61% | 加碼 |
| 4 | ASTS | Ast Spacemobile Inc | +0.6% | -25.33% | 減碼 |
| 5 | ORCL | Oracle CORP | +0.4% | +193.02% | 加碼 |
| 6 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.4% | +4.32% | 加碼 |
| 7 | CIFR | Cipher Digital Inc | +0.4% | +326.47% | 加碼 |
| 8 | MU | Micron Technology Inc | +0.4% | -33.27% | 減碼 |
| 9 | OIH | Vaneck Oil Services ETF | +0.3% | +235.87% | 加碼 |
| 10 | GOOG | Alphabet Inc-cl C | +0.3% | +0.90% | 加碼 |
| 11 | EXPE | Expedia Group Inc | +0.3% | -1.56% | 減碼 |
| 12 | AMGN | Amgen Inc | +0.3% | -1.67% | 減碼 |
| 13 | TEVA | Teva Pharmaceutical-sp Adr | +0.2% | -0.02% | 減碼 |
| 14 | NVDA | Nvidia CORP | +0.2% | +9.58% | 加碼 |
| 15 | WMT | Walmart Inc | +0.2% | +1.05% | 加碼 |
| 16 | DG | Dollar General CORP | +0.2% | -4.24% | 減碼 |
| 17 | AAPL | Apple Inc | +0.2% | +4.50% | 加碼 |
| 18 | BORR | Borr Drilling Limited | +0.1% | -3.40% | 減碼 |
| 19 | VALE | Vale Sa-sp Adr | +0.1% | -1.26% | 減碼 |
| 20 | AMZN | Amazon.com Inc | +0.1% | -1.06% | 減碼 |
| 21 | TJX | Tjx Companies Inc | +0.1% | -2.88% | 減碼 |
| 22 | BAK | Braskem Sa-class A- Adr | +0.1% | +117.65% | 加碼 |
| 23 | LULU | Lululemon Athletica Inc | +0.1% | -4.77% | 減碼 |
| 24 | GOOGL | Alphabet Inc-cl A | +0.1% | +0.14% | 加碼 |
| 25 | JPM | Jpmorgan Chase & Co | +0.1% | -2.13% | 減碼 |
| 26 | BTE | Baytex Energy CORP | +0.1% | — | 不變 |
| 27 | FCX | Freeport-mcmoran Inc | +0.1% | +11.17% | 加碼 |
| 28 | RTX | Rtx CORP | +0.1% | +2.48% | 加碼 |
| 29 | SU | Suncor Energy Inc | +0.1% | -3.05% | 減碼 |
| 30 | PLTR | Palantir Technologies Inc-a | +0.1% | +60.74% | 加碼 |
| 31 | JNJ | Johnson & Johnson | +0.1% | +1.96% | 加碼 |
| 32 | SHOP | Shopify Inc - Class A | +0.1% | +1.65% | 加碼 |
| 33 | APP | Applovin Corp-class A | +0.1% | +15.15% | 加碼 |
| 34 | ALLY | Ally Financial Inc | +0.1% | +2.71% | 加碼 |
| 35 | ZTAX | X-square Municipal Inc ETF | +0.1% | +0.09% | 加碼 |
| 36 | XPO | Xpo Inc | +0.1% | -4.13% | 減碼 |
| 37 | RIO | Rio Tinto Plc-spon Adr | +0.1% | +4.90% | 加碼 |
| 38 | XOM | Exxon Mobil CORP | +0.1% | +9.01% | 加碼 |
| 39 | QQQ | Invesco Qqq Trust Series 1 | +0.1% | +1.40% | 加碼 |
| 40 | HCC | Warrior Met Coal Inc | 0% | -11.71% | 減碼 |
| 41 | LLY | Eli Lilly & Co | 0% | +1.92% | 加碼 |
| 42 | MS | Morgan Stanley | 0% | — | 不變 |
| 43 | CB | Chubb Limited | 0% | -3.08% | 減碼 |
| 44 | MRK | Merck & Co. Inc. | 0% | -2.12% | 減碼 |
| 45 | AKAM | Akamai Technologies Inc | 0% | +6.28% | 加碼 |
| 46 | BAC | Bank Of America CORP | 0% | +0.40% | 加碼 |
| 47 | SOXX | Ishares Semiconductor ETF | 0% | +2.89% | 加碼 |
| 48 | TFC | Truist Financial CORP | 0% | +2.12% | 加碼 |
| 49 | AMR | Alpha Metallurgical Resource | 0% | -6.58% | 減碼 |
| 50 | EXE | Expand Energy CORP | 0% | +2.73% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，X-Square Capital, LLC 在 Q4 2025 季度的美股持倉總市值約為 US$3.9億，共申報了 161 個公開持股部位。
在 Q4 2025 季度，X-Square Capital, LLC 按市值排列的前三大核心持股分別為：HIMS (5.0%)、ASTS (4.0%)、SPY (3.9%)。其中最大持股部位 HIMS 佔據整體投資組合約 5.0% 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
IREN
市值: US$906.5萬
本季最大獲利了結 / 清倉標的
CLSK
前期市值: US$290.0萬
在 Q4 2025 季度中，X-Square Capital, LLC 共進行了 160 項持倉異動，包含新建倉 14 個部位、加碼 65 個部位、減碼 66 個部位以及清倉 15 個部位。 其中最大新建倉標的為 IREN。 本季清倉部位包含 CLSK。
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。