13F 申报指南13F 概念全攻略
什么是 SEC Form 13F 申报？美股机构大户持股全攻略
完整解读 Form 13F 申报规范、1 亿美元门槛与 45 天延迟申报机制，学会如何追踪顶级对冲基金与机构法人持仓动向。
AlphaSMO 权威研究指南阅读专题
CIK: 0001097278
申报总市值
US$44.6亿
US$44.6亿
219 檔
19.9%
在 Q3 2025 申报期间，Advent Capital Management /de/（CIK: 0001097278）向美国 SEC 提交的 Form 13F 报告显示，其追踪之股票投资组合总市值达 US$44.6亿，共持有 219 个公开申报仓位。
Advent Capital Management /de/ 在 Q3 2025 进行了结构性的板块轮动与仓位换股。在开立 16 个全新仓位及加仓 9 档持股的同时，亦同步清仓 8 档并减仓 17 档标的。
在资产配置集中度方面，Advent Capital Management /de/ 的前 5 大核心持股（包含 BAC 7.25 PERP L, WFC 7.5 PERP L, UBER 0.875 12-01-28 2028 等）合计占整体申报市值的 19.9%，反映机构在主要关键仓位上的权重分布。
仅显示前 200 大持股（共 219 只）
| # | 代码 | 标的名称 | 资产子类别 | 占比 | 占比变动 | 持仓量变化 | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | BAC 7.25 PERP L债券 | Bank Of America CORP | 债券 | 4.87% | -0.79% | +2.12% | |
| 2 | WFC 7.5 PERP L债券 | Wells Fargo & Company | 债券 | 4.70% | +3.49% | -2.76% | |
| 3 | UBER 0.875 12-01-28 2028债券 | Uber Technologies Inc | 债券 | 4.03% | -0.67% | +4.48% | |
| 4 | VTR 3.75 06-01-26债券 | Ventas Realty LP | 债券 | 2.90% | -2.56% | EXIT | |
| 5 | GPN 1.5 03-01-31债券 | Global Payments Inc | 债券 | 2.81% | -0.54% | -8.56% | |
| 6 | MTH 1.75 05-15-28债券 | Meritage Homes CORP | 债券 | 2.50% | -0.30% | +6.72% | |
| 7 | NEE 7.299 06-01-27债券 | Nextera Energy Inc | 债券 | 2.30% | -0.67% | +124.40% | |
| 8 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股与成长 | 2.29% | -5.50% | +34.47% | |
| 9 | DUK 4.125 04-15-26债券 | Duke Energy CORP | 债券 | 2.20% | -0.89% | EXIT | |
| 10 | APO 6.75 07-31-26债券 | Apollo Global Management | 债券 | 2.01% | -0.63% | +12.38% | |
| 11 | KKR 6.25 03-01-28 D债券 | Kkr & Co Inc | 债券 | 2.01% | -0.44% | +2.28% | |
| 12 | PPL 2.875 03-15-28债券 | Ppl Capital Funding Inc | 债券 | 1.92% | -0.22% | +31.89% | |
| 13 | CMS 3.375 05-01-28债券 | Cms Energy CORP | 债券 | 1.86% | -0.27% | +12.91% | |
| 14 | NEE 3 03-01-27债券 | Nextera Energy Capital | 债券 | 1.50% | -0.20% | +12.57% | |
| 15 | EXPE 0 02-15-26债券 | Expedia Group Inc | 债券 | 1.47% | — | +10.93% | |
| 16 | PRGS 3.5 03-01-30债券 | Progress Software CORP | 债券 | 1.42% | -0.17% | — | |
| 17 | DKNG 0 03-15-28债券 | Draftkings Holdings Inc | 债券 | 1.31% | -0.16% | -15.62% | |
| 18 | FOUR 0.5 08-01-27债券 | Shift4 Payments Inc | 债券 | 1.29% | +0.23% | +2.45% | |
| 19 | CNP 4.25 08-15-26债券 | Centerpoint Energy Inc | 债券 | 1.26% | -0.24% | +26.45% | |
| 20 | BA 6 10-15-27债券 | Boeing Co/the | 债券 | 1.23% | -0.20% | +2.71% | |
| 21 | BOX 1.5 09-15-29债券 | Box Inc | 债券 | 1.20% | +0.07% | — | |
| 22 | LNTH 2.625 12-15-27债券 | Lantheus Holdings Inc | 债券 | 1.20% | -0.85% | +145.56% | |
| 23 | TTEK 2.25 08-15-28债券 | Tetra Tech Inc | 债券 | 1.06% | +0.12% | +31.08% | |
| 24 | SO 4.5 06-15-27债券 | Southern Co | 债券 | 1.06% | -0.32% | +58.46% | |
| 25 | FIVN 1 03-15-29债券 | Five9 Inc | 债券 | 0.97% | -0.06% | +18.26% | |
| 26 | PCG 4.25 12-01-27债券 | Pg&e CORP | 债券 | 0.97% | -0.31% | -7.12% | |
| 27 | ARES 6.75 10-01-27 B债券 | Ares Management CORP | 债券 | 0.91% | -0.16% | +1.06% | |
| 28 | VAC 3.25 12-15-27债券 | Marriott Vacation Worldw | 债券 | 0.90% | -0.19% | -9.78% | |
| 29 | WK 1.25 08-15-28债券 | Workiva Inc | 债券 | 0.89% | — | -13.92% | |
| 30 | TYL 0.25 03-15-26债券 | Tyler Technologies Inc | 债券 | 0.88% | — | +29.82% | |
| 31 | PSN 2.625 03-01-29债券 | Parsons CORP | 债券 | 0.88% | -0.15% | -18.98% | |
| 32 | AKAM 1.125 02-15-29债券 | Akamai Technologies Inc | 债券 | 0.87% | -0.76% | -31.92% | |
| 33 | COIN 0.5 06-01-26债券 | Coinbase Global Inc | 债券 | 0.86% | — | -4.33% | |
| 34 | ABNB 0 03-15-26债券 | Airbnb Inc | 债券 | 0.86% | — | -12.86% | |
| 35 | QTWO 0.75 06-01-26债券 | Q2 Holdings Inc | 债券 | 0.86% | -0.09% | EXIT | |
| 36 | PENN 2.75 05-15-26债券 | Penn Entertainment Inc | 债券 | 0.85% | -0.01% | EXIT | |
| 37 | CFLT 0 01-15-27债券 | Confluent Inc | 债券 | 0.85% | — | -7.53% | |
| 38 | SNOW 0 10-01-29债券 | Snowflake Inc | 债券 | 0.84% | +0.38% | — | |
| 39 | SMCI 3.5 03-01-29债券 | Super Micro Computer Inc | 债券 | 0.80% | -0.22% | -2.60% | |
| 40 | SNAP 0.5 05-01-30债券 | Snap Inc | 债券 | 0.78% | -0.12% | -7.03% | |
| 41 | BABA 0.5 06-01-31债券 | Alibaba Group Holding | 债券 | 0.78% | -0.08% | -6.14% | |
| 42 | RIVN 3.625 10-15-30债券 | Rivian Auto Inc | 债券 | 0.78% | +0.07% | +684.15% | |
| 43 | DXCM 0.375 05-15-28债券 | Dexcom Inc | 债券 | 0.76% | -0.10% | -49.02% | |
| 44 | ON 0.5 03-01-29债券 | On Semiconductor CORP | 债券 | 0.73% | -0.50% | -15.72% | |
| 45 | MCHP 7.5 03-15-28债券 | Microchip Technology Inc | 债券 | 0.71% | -0.16% | +24.39% | |
| 46 | UPWK 0.25 08-15-26债券 | Upwork Inc | 债券 | 0.68% | -0.06% | +431.19% | |
| 47 | VERX 0.75 05-01-29债券 | Vertex Inc | 债券 | 0.68% | — | +554.44% | |
| 48 | BRKR 6.375 09-01-28债券 | Bruker CORP | 债券 | 0.67% | -0.47% | — | |
| 49 | ITRI 0 03-15-26债券 | Itron Inc | 债券 | 0.66% | — | -25.95% | |
| 50 | PMT 8.5 06-01-29债券 | Pennymac CORP | 债券 | 0.64% | -0.04% | +11.26% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | NEE 7.299 06-01-27债券 | Nextera Energy Inc | +1.4% | +124.40% | 加仓 |
| 2 | LNTH 2.625 12-15-27债券 | Lantheus Holdings Inc | +1.1% | +145.56% | 加仓 |
| 3 | KKR 6.25 03-01-28 D债券 | Kkr & Co Inc | +0.8% | +2.28% | 加仓 |
| 4 | QTWO 0.75 06-01-26债券 | Q2 Holdings Inc | +0.7% | +129.82% | 加仓 |
| 5 | FIVN 1 03-15-29债券 | Five9 Inc | +0.7% | +18.26% | 加仓 |
| 6 | FOUR 0.5 08-01-27债券 | Shift4 Payments Inc | +0.6% | +2.45% | 加仓 |
| 7 | PSN 2.625 03-01-29债券 | Parsons CORP | +0.6% | -18.98% | 加仓 |
| 8 | TYL 0.25 03-15-26债券 | Tyler Technologies Inc | +0.6% | +29.82% | 加仓 |
| 9 | UPWK 0.25 08-15-26债券 | Upwork Inc | +0.6% | +431.19% | 加仓 |
| 10 | ON 0 05-01-27债券 | On Semiconductor CORP | -0.5% | -77.63% | 减仓 |
| 11 | ARRY 1 12-01-28债券 | Array Technologies Inc | -0.5% | +1334.75% | 减仓 |
| 12 | AWK 3.625 06-15-26债券 | American Water Capital C | -0.6% | -65.07% | 减仓 |
| 13 | GPN 1.5 03-01-31债券 | Global Payments Inc | -0.6% | -8.56% | 减仓 |
| 14 | PCG 4.25 12-01-27债券 | Pg&e CORP | -0.6% | -7.12% | 减仓 |
| 15 | AKAM 0.375 09-01-27债券 | Akamai Technologies Inc | -0.6% | -46.43% | 减仓 |
| 16 | WDC 3 11-15-28债券 | Western Digital CORP | -0.6% | -80.39% | 减仓 |
| 17 | LITE 0.5 06-15-28债券 | Lumentum Holdings Inc | -0.6% | -80.14% | 减仓 |
| 18 | UBER 0 12-15-25债券 | Uber Technologies Inc | -0.6% | -57.79% | 减仓 |
| 19 | RIVN 4.625 03-15-29债券 | Rivian Auto Inc | -0.7% | -84.14% | 减仓 |
| 20 | W 3.25 09-15-27债券 | Wayfair Inc | -0.8% | -98.94% | 减仓 |
| 21 | AKAM 1.125 02-15-29债券 | Akamai Technologies Inc | -0.8% | -31.92% | 减仓 |
| 22 | COIN 0.25 04-01-30债券 | Coinbase Global Inc | -0.9% | -77.37% | 减仓 |
| 23 | NCLH 1.125 02-15-27债券 | Ncl Corporation LTD | -1% | -67.42% | 减仓 |
| 24 | DXCM 0.375 05-15-28债券 | Dexcom Inc | -1.1% | -49.02% | 减仓 |
| 25 | SPY | Ss Spdr S&p 500 ETF Trust-us | -1.3% | +34.47% | 减仓 |
| 26 | DOCN 0 12-01-26债券 | Digitalocean Holdings | -1.5% | -96.22% | 减仓 |
| 27 | MTH 1.75 05-15-28债券 | Meritage Homes CORP | — | NEW | 新建仓 |
| 28 | NEE 6.926 09-01-25债券 | Nextera Energy Inc | — | EXIT | 清仓 |
| 29 | PRGS 3.5 03-01-30债券 | Progress Software CORP | — | NEW | 新建仓 |
| 30 | BKNG 0.75 05-01-25债券 | Booking Holdings Inc | — | EXIT | 清仓 |
| 31 | BOX 1.5 09-15-29债券 | Box Inc | — | NEW | 新建仓 |
| 32 | SO 4.5 06-15-27债券 | Southern Co | — | NEW | 新建仓 |
| 33 | LYFT 0.625 03-01-29债券 | Lyft Inc | — | EXIT | 清仓 |
| 34 | SRPT 1.25 09-15-27债券 | Sarepta Therapeutics Inc | — | EXIT | 清仓 |
| 35 | SNOW 0 10-01-29债券 | Snowflake Inc | — | NEW | 新建仓 |
| 36 | SNAP 0.5 05-01-30债券 | Snap Inc | — | NEW | 新建仓 |
| 37 | BABA 0.5 06-01-31债券 | Alibaba Group Holding | — | NEW | 新建仓 |
| 38 | W 3.5 11-15-28债券 | Wayfair Inc | — | EXIT | 清仓 |
| 39 | VERX 0.75 05-01-29债券 | Vertex Inc | — | NEW | 新建仓 |
| 40 | BRKR 6.375 09-01-28债券 | Bruker CORP | — | NEW | 新建仓 |
| 41 | PMT 8.5 06-01-29债券 | Pennymac CORP | — | NEW | 新建仓 |
| 42 | RGEN 1 12-15-28债券 | Repligen CORP | — | NEW | 新建仓 |
| 43 | HAE 2.5 06-01-29债券 | Haemonetics CORP | — | NEW | 新建仓 |
| 44 | ACVT | Advent Convertible Bond ETF | — | NEW | 新建仓 |
| 45 | FOUR 6 05-01-28债券 | Shift4 Payments Inc | — | NEW | 新建仓 |
| 46 | LITE 0.5 12-15-26债券 | Lumentum Holdings Inc | — | EXIT | 清仓 |
| 47 | NET 0 08-15-26债券 | Cloudflare Inc | — | EXIT | 清仓 |
| 48 | WEC 4.375 06-01-29债券 | Wec Energy Group Inc | — | NEW | 新建仓 |
| 49 | PEB 1.75 12-15-26债券 | Pebblebrook Hotel Trust | — | EXIT | 清仓 |
| 50 | TCOM 0.75 06-15-29债券 | Trip.com Group LTD | — | NEW | 新建仓 |
根据 SEC 官方 Form 13F 申报备案，Advent Capital Management /de/ 在 Q3 2025 季度的美股持仓总市值约为 US$44.6亿，共申报了 219 个公开持股仓位。
在 Q3 2025 季度，Advent Capital Management /de/ 按市值排列的前三大核心持股分别为：BAC 7.25 PERP L (4.9%)、WFC 7.5 PERP L (4.7%)、UBER 0.875 12-01-28 2028 (4.0%)。其中最大持股仓位 BAC 7.25 PERP L 占据整体投资组合约 4.9% 的权重。
精选 AlphaSMO 大户持股与内部人交易深度分析，提升投资决策胜率
完整解读 Form 13F 申报规范、1 亿美元门槛与 45 天延迟申报机制，学会如何追踪顶级对冲基金与机构法人持仓动向。
本季最大新建仓标的
MTH 1.75 05-15-28
市值: US$1.1亿
本季最大获利了结 / 清仓标的
NEE 6.926 09-01-25
前期市值: US$7218.2万
在 Q3 2025 季度中，Advent Capital Management /de/ 共进行了 50 项持仓异动，包含新建仓 16 个仓位、加仓 9 个仓位、减仓 17 个仓位以及清仓 8 个仓位。 其中最大新建仓标的为 MTH 1.75 05-15-28。 本季清仓仓位包含 NEE 6.926 09-01-25。
本页面所有持股数据均直接同步自美国证券交易委员会（SEC）EDGAR 官方系统之 13F-HR / 13F-HR/A 季度申报文件。AlphaSMO 通过机器解析 CUSIP 与个股对照，提供 100% 精准对齐的历史时序数据集，并支持 Schema.org 结构化数据格式。
解析公司高管、董事与 10% 大股东之 Form 4 内部人交易申报，掌握高管自家股票买卖第一手信号。
深入剖析 5% 股权申报门槛、13D 与 13G 之差异，以及最新 SEC 申报时程规范，洞察机构法人的激进投资动向。