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: 0001103646
申报总市值
US$25.7亿
US$25.7亿
870 檔
17.8%
根据最新整理的 13F 季度数据集，Css Llc/il 于 Q4 2025 结束时的管理资产规模为 US$25.7亿。该机构在本季度申报了 870 档美股持仓，呈现出该时期的主要投资地图。
Css Llc/il 在 Q4 2025 进行了结构性的板块轮动与仓位换股。在开立 60 个全新仓位及加仓 38 档持股的同时，亦同步清仓 51 档并减仓 48 档标的。
在资产配置集中度方面，Css Llc/il 的前 5 大核心持股（包含 ECHO 3.875 11-30-30, LITE 0.5 06-15-28, SPY 等）合计占整体申报市值的 17.8%，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 870 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 | ECHO 3.875 11-30-30债券 | Echostar CORP | 债券 | 5.63% | -1.67% | +162.52% | |
| 2 | LITE 0.5 06-15-28债券 | Lumentum Holdings Inc | 债券 | 5.11% | -0.81% | +14.10% | |
| 3 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股与成长 | 3.51% | +0.30% | -9.71% | |
| 4 | JAZZ 2 06-15-26债券 | Jazz Investments I LTD | 债券 | 3.35% | -3.06% | EXIT | |
| 5 | IONS 0 04-01-26债券 | Ionis Pharmaceuticals In | 债券 | 2.74% | — | -28.20% | |
| 6 | WDC | Western Digital Corporation | 股票-科技 | 2.53% | — | — | |
| 7 | BTU 3.25 03-01-28债券 | Peabody Energy CORP | 债券 | 2.26% | -1.54% | +18.61% | |
| 8 | LYV 3.125 01-15-29债券 | Live Nation Entertainmen | 债券 | 2.12% | -2.39% | EXIT | |
| 9 | EQXCN 4.75 10-15-28债券 | Equinox Gold CORP | 债券 | 1.97% | +0.06% | — | |
| 10 | MSTR | Strategy Inc | 股票-科技 | 1.91% | -0.50% | -3.68% | |
| 11 | LITE 1.5 12-15-29债券 | Lumentum Holdings Inc | 债券 | 1.77% | — | -44.44% | |
| 12 | RIG 4.625 09-30-29 *债券 | Transocean Interntnl LTD | 债券 | 1.67% | -1.46% | +19.77% | |
| 13 | BBIO 2.25 02-01-29债券 | Bridgebio Pharma Inc | 债券 | 1.33% | — | NEW | |
| 14 | BAC 7.25 PERP L债券 | Bank Of America CORP | 债券 | 1.31% | +1.87% | +554.89% | |
| 15 | GME | Gamestop Corp-class A | 股票-周期性消费 | 1.31% | -0.24% | -7.59% | |
| 16 | GLD | Spdr Gold Shares | ETF-避险与商品 | 1.31% | -0.86% | +60.28% | |
| 17 | SOFI | Sofi Technologies Inc | 股票-金融 | 1.06% | -0.01% | EXIT | |
| 18 | RSP | Invesco S&p 500 Equal Weight | ETF-大型股与成长 | 0.94% | -0.15% | +22.77% | |
| 19 | GH 1.25 02-15-31债券 | Guardant Health Inc | 债券 | 0.89% | -0.13% | — | |
| 20 | VOO | Vanguard S&p 500 ETF | ETF-大型股与成长 | 0.88% | -0.06% | +13.08% | |
| 21 | AAL | American Airlines Group Inc | 股票-工业 | 0.83% | -0.09% | -14.76% | |
| 22 | CORZW | Core Scientific Inc - 27 | 股票-其他 | 0.76% | +0.85% | +99.37% | |
| 23 | IAU | Ishares Gold Trust | ETF-避险与商品 | 0.71% | -0.25% | +6.49% | |
| 24 | MNKD 2.5 03-01-26债券 | Mannkind CORP | 债券 | 0.71% | — | — | |
| 25 | SNOW 0 10-01-27债券 | Snowflake Inc | 债券 | 0.69% | -0.08% | EXIT | |
| 26 | AKAM 1.125 02-15-29债券 | Akamai Technologies Inc | 债券 | 0.68% | +0.29% | +120.37% | |
| 27 | COLL 2.875 02-15-29债券 | Collegium Pharma Inc | 债券 | 0.66% | — | — | |
| 28 | RKLB | Rocket Lab CORP | 股票-工业 | 0.65% | — | -1.27% | |
| 29 | VTR 3.75 06-01-26债券 | Ventas Realty LP | 债券 | 0.65% | — | +246.56% | |
| 30 | LRN 1.125 09-01-27债券 | Stride Inc | 债券 | 0.63% | -0.85% | EXIT | |
| 31 | MARA 2.125 09-01-31债券 | Mara Holdings Inc | 债券 | 0.61% | -0.24% | +6.25% | |
| 32 | BYND 7 10-15-30债券 | Beyond Meat Inc | 债券 | 0.58% | -0.15% | — | |
| 33 | HAE 2.5 06-01-29债券 | Haemonetics CORP | 债券 | 0.58% | +0.44% | — | |
| 34 | PPL 2.875 03-15-28债券 | Ppl Capital Funding Inc | 债券 | 0.56% | +0.23% | — | |
| 35 | FLNC 2.25 06-15-30债券 | Fluence Energy Inc | 债券 | 0.55% | -0.30% | EXIT | |
| 36 | W 3.5 11-15-28债券 | Wayfair Inc | 债券 | 0.52% | — | -70.19% | |
| 37 | KIM 7.25 PERP N债券 | Kimco Realty CORP | 债券 | 0.52% | -0.10% | -27.55% | |
| 38 | CIFR 1.75 05-15-30债券 | Cipher Digital Inc | 债券 | 0.46% | — | — | |
| 39 | SWZ | Total Return Securities Fund | 股票-其他 | 0.46% | -0.05% | +204.58% | |
| 40 | WOLF 2.5 06-15-31债券 | Wolfspeed Inc | 债券 | 0.45% | +1.46% | — | |
| 41 | F 0 03-15-26债券 | Ford Motor Company | 债券 | 0.43% | — | +483.19% | |
| 42 | ECHO | Echostar Corp-a | 股票-通信服务 | 0.41% | -0.04% | +7.92% | |
| 43 | CELC 2.75 08-01-31债券 | Celcuity Inc | 债券 | 0.41% | -0.28% | — | |
| 44 | MARA 0 03-01-30债券 | Mara Holdings Inc | 债券 | 0.40% | -0.18% | — | |
| 45 | PTCT 1.5 09-15-26债券 | Ptc Therapeutics Inc | 债券 | 0.40% | +0.55% | -62.50% | |
| 46 | MSTR 2.25 06-15-32债券 | Strategy Inc | 债券 | 0.39% | -0.37% | EXIT | |
| 47 | PSKY | Paramount Skydance Cl B | 股票-通信服务 | 0.39% | — | -12.06% | |
| 48 | STEW | Srh Total Return Fund Inc | 股票-其他 | 0.38% | -0.06% | +0.04% | |
| 49 | SMCI 3.5 03-01-29债券 | Super Micro Computer Inc | 债券 | 0.38% | -0.06% | EXIT | |
| 50 | LYFT 0.625 03-01-29债券 | Lyft Inc | 债券 | 0.37% | — | +178.76% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | ECHO 3.875 11-30-30债券 | Echostar CORP | +4% | +162.52% | 加仓 |
| 2 | LITE 0.5 06-15-28债券 | Lumentum Holdings Inc | +2.9% | +14.10% | 加仓 |
| 3 | BBIO 2.25 02-01-29债券 | Bridgebio Pharma Inc | +1.3% | +1666.67% | 加仓 |
| 4 | BAC 7.25 PERP L债券 | Bank Of America CORP | +1.1% | +554.89% | 加仓 |
| 5 | GLD | Spdr Gold Shares | +0.6% | +60.28% | 加仓 |
| 6 | BTU 3.25 03-01-28债券 | Peabody Energy CORP | +0.5% | +18.61% | 加仓 |
| 7 | VTR 3.75 06-01-26债券 | Ventas Realty LP | +0.5% | +246.56% | 加仓 |
| 8 | RIG 4.625 09-30-29 *债券 | Transocean Interntnl LTD | +0.4% | +19.77% | 加仓 |
| 9 | JAZZ 2 06-15-26债券 | Jazz Investments I LTD | +0.4% | +4.00% | 加仓 |
| 10 | AKAM 1.125 02-15-29债券 | Akamai Technologies Inc | +0.4% | +120.37% | 加仓 |
| 11 | SOFI | Sofi Technologies Inc | +0.4% | +56.84% | 加仓 |
| 12 | F 0 03-15-26债券 | Ford Motor Company | +0.4% | +483.19% | 加仓 |
| 13 | EQXCN 4.75 10-15-28债券 | Equinox Gold CORP | +0.3% | — | 不变 |
| 14 | LITE 1.5 12-15-29债券 | Lumentum Holdings Inc | +0.3% | -44.44% | 减仓 |
| 15 | SWZ | Total Return Securities Fund | +0.3% | +204.58% | 加仓 |
| 16 | SPB 3.375 06-01-29债券 | Spectrum Brands Inc | +0.3% | +240.31% | 加仓 |
| 17 | CORZW | Core Scientific Inc - 27 | +0.2% | +99.37% | 加仓 |
| 18 | LNT 3.875 03-15-26债券 | Alliant Energy CORP | +0.2% | +212.01% | 加仓 |
| 19 | LYFT 0.625 03-01-29债券 | Lyft Inc | +0.2% | +178.76% | 加仓 |
| 20 | SMCI 3.5 03-01-29债券 | Super Micro Computer Inc | +0.2% | +137.50% | 加仓 |
| 21 | RKLB | Rocket Lab CORP | +0.2% | -1.27% | 减仓 |
| 22 | BRW | Saba Capital Income & Opport | +0.2% | +542.71% | 加仓 |
| 23 | RSP | Invesco S&p 500 Equal Weight | +0.2% | +22.77% | 加仓 |
| 24 | PENN 2.75 05-15-26债券 | Penn Entertainment Inc | +0.2% | +9722.22% | 加仓 |
| 25 | ✓ | Berto Acquisition CORP | +0.2% | +2365.08% | 加仓 |
| 26 | ECHO | Echostar Corp-a | +0.1% | +7.92% | 加仓 |
| 27 | VOO | Vanguard S&p 500 ETF | +0.1% | +13.08% | 加仓 |
| 28 | XLF | Ss Financial Select Sector | +0.1% | +118.75% | 加仓 |
| 29 | AAL | American Airlines Group Inc | +0.1% | -14.76% | 减仓 |
| 30 | HO1 | Hologic Inc | +0.1% | +502.62% | 加仓 |
| 31 | IAU | Ishares Gold Trust | +0.1% | +6.49% | 加仓 |
| 32 | EXAS 0.375 03-01-28债券 | Exact Sciences CORP | +0.1% | +81.50% | 加仓 |
| 33 | RIVN | Rivian Automotive Inc-a | +0.1% | +2.53% | 加仓 |
| 34 | EA | Electronic Arts Inc | +0.1% | +138.78% | 加仓 |
| 35 | CIFR 1.75 05-15-30债券 | Cipher Digital Inc | +0.1% | — | 不变 |
| 36 | CIO | City Office Reit Inc | +0.1% | +1743.48% | 加仓 |
| 37 | WBD | Warner Bros Discovery Inc | +0.1% | +424.00% | 加仓 |
| 38 | BKD 2 10-15-26债券 | Brookdale Senior Living | +0.1% | — | 不变 |
| 39 | W | Wayfair Inc- Class A | +0.1% | +42.86% | 加仓 |
| 40 | CRWD | Crowdstrike Holdings Inc - A | +0.1% | +145.39% | 加仓 |
| 41 | BHF | Brighthouse Financial Inc | +0.1% | +155.00% | 加仓 |
| 42 | CTA | Simplify Managed Futures St | 0% | +29.82% | 加仓 |
| 43 | OPFI | Oppfi Inc | -0.1% | -84.01% | 减仓 |
| 44 | ZTR | Virtus Total Return Fund Inc | -0.1% | -68.49% | 减仓 |
| 45 | SMR | Nuscale Power CORP | -0.1% | -31.91% | 减仓 |
| 46 | RIOT | Riot Platforms Inc | -0.1% | -28.80% | 减仓 |
| 47 | AR | Antero Resources CORP | -0.1% | -70.76% | 减仓 |
| 48 | NIO | Nio Inc - Adr | -0.1% | +19.88% | 加仓 |
| 49 | GEN | Gen Digital Inc | -0.1% | -53.00% | 减仓 |
| 50 | EFA | Ishares Msci Eafe ETF | -0.1% | -35.34% | 减仓 |
根据 SEC 官方 Form 13F 申报备案，Css Llc/il 在 Q4 2025 季度的美股持仓总市值约为 US$25.7亿，共申报了 870 个公开持股仓位。
在 Q4 2025 季度，Css Llc/il 按市值排列的前三大核心持股分别为：ECHO 3.875 11-30-30 (5.6%)、LITE 0.5 06-15-28 (5.1%)、SPY (3.5%)。其中最大持股仓位 ECHO 3.875 11-30-30 占据整体投资组合约 5.6% 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
WDC
市值: US$5684.9万
本季最大获利了结 / 清仓标的
SNDK
前期市值: US$3702.6万
在 Q4 2025 季度中，Css Llc/il 共进行了 197 项持仓异动，包含新建仓 60 个仓位、加仓 38 个仓位、减仓 48 个仓位以及清仓 51 个仓位。 其中最大新建仓标的为 WDC。 本季清仓仓位包含 SNDK。
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。