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。
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CIK: 0001315421
申报总市值
US$55.0亿
US$55.0亿
1183 檔
57.3%
Graham Capital Management, L.P. 在 Q3 2025 季度的美股仓位总计估值为 US$55.0亿，分散于 1183 个持仓标的之中，反映其市场参与广度与投资规模。
Graham Capital Management, L.P. 在 Q3 2025 进行了结构性的板块轮动与仓位换股。在开立 53 个全新仓位及加仓 39 档持股的同时，亦同步清仓 60 档并减仓 47 档标的。
在资产配置集中度方面，Graham Capital Management, L.P. 的前 5 大核心持股（包含 MSTR, IWM, IBIT 等）合计占整体申报市值的 57.3%，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 1183 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 | MSTR | Strategy Inc | 股票-科技 | 21.61% | -0.04% | EXIT | |
| 2 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 17.40% | +8.42% | +93.11% | |
| 3 | IBIT | Ishares Bitcoin Trust ETF | ETF-加密货币 | 4.82% | -1.81% | -7.37% | |
| 4 | BE 3 06-01-29债券 | Bloom Energy CORP | 债券 | 3.38% | — | +15.08% | |
| 5 | BE 3 06-01-28债券 | Bloom Energy CORP | 债券 | 2.60% | — | — | |
| 6 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股与成长 | 2.27% | +0.88% | -42.52% | |
| 7 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 1.98% | +1.81% | -26.95% | |
| 8 | FBTC | Fidelity Wise Origin Bitcoin | ETF-加密货币 | 1.84% | -0.34% | +8.50% | |
| 9 | EOSE | Eos Energy Enterprises Inc | 股票-其他 | 1.40% | +0.06% | +1.88% | |
| 10 | PCT 7.25 08-15-30债券 | Purecycle Technologies | 债券 | 1.19% | -1.44% | EXIT | |
| 11 | GDX | Vaneck Gold Miners ETF | ETF-避险与商品 | 1.10% | -1.89% | +42.58% | |
| 12 | TLRY 5.2 06-15-27债券 | Tilray Brands Inc | 债券 | 1.09% | -0.58% | -1.68% | |
| 13 | RUN 4 03-01-30债券 | Sunrun Inc | 债券 | 1.01% | -0.37% | +49.25% | |
| 14 | XLU | St Sr Utl Sl Se Spdr Etf-usd | ETF-其他 | 0.91% | +0.02% | +30.23% | |
| 15 | RIVN 3.625 10-15-30债券 | Rivian Auto Inc | 债券 | 0.87% | -0.22% | — | |
| 16 | MARA | Mara Holdings Inc | 股票-金融 | 0.80% | — | +1.83% | |
| 17 | BITO | Proshares Bitcoin Etf-usd | ETF-加密货币 | 0.78% | — | — | |
| 18 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-非投资级债 | 0.77% | -4.41% | — | |
| 19 | CLMT | Calumet Inc | 股票-其他 | 0.75% | -0.37% | — | |
| 20 | GME | Gamestop Corp-class A | 股票-周期性消费 | 0.73% | -0.25% | +2043.28% | |
| 21 | GPRE 2.25 03-15-27债券 | Green Plains Inc | 债券 | 0.69% | -0.04% | +6.29% | |
| 22 | AMZN | Amazon.com Inc | 股票-周期性消费 | 0.65% | -0.73% | +59.91% | |
| 23 | GRPN 4.875 06-30-30 UNRS债券 | Groupon Inc | 债券 | 0.62% | +0.03% | — | |
| 24 | SLV | Ishares Silver Trust | ETF-避险与商品 | 0.60% | — | -61.31% | |
| 25 | EEM | Ishares Msci Emerging Market | ETF-新兴市场 | 0.59% | -0.32% | +119.83% | |
| 26 | BBIO 2.5 03-15-27债券 | Bridgebio Pharma Inc | 债券 | 0.57% | -0.25% | -55.80% | |
| 27 | PCT | Purecycle Technologies Inc | 股票-其他 | 0.52% | -0.32% | -41.92% | |
| 28 | VTV | Vanguard Value ETF | ETF-其他 | 0.52% | +0.04% | NEW | |
| 29 | RUN | Sunrun Inc | 股票-科技 | 0.48% | -0.01% | -27.80% | |
| 30 | META | Meta Platforms Inc-class A | 股票-通信服务 | 0.46% | -0.12% | +30.65% | |
| 31 | GRPN 4.875 06-30-30 RSTR债券 | Groupon Inc | 债券 | 0.42% | — | — | |
| 32 | REAL 4 02-15-31债券 | THE Realreal Inc | 债券 | 0.41% | -0.14% | +54.70% | |
| 33 | TVTX 2.25 03-01-29债券 | Travere Therapeutics Inc | 债券 | 0.40% | -0.52% | EXIT | |
| 34 | XLI | Ss Industrial Select Sector | ETF-其他 | 0.39% | +0.14% | +513.42% | |
| 35 | NVAX | Novavax Inc | 股票-医疗保健 | 0.35% | -0.05% | +2.93% | |
| 36 | BYND | Beyond Meat Inc | 股票-非周期性消费 | 0.34% | — | — | |
| 37 | CME | Cme Group Inc | 股票-金融 | 0.33% | -0.22% | -12.20% | |
| 38 | BXMT 5.5 03-15-27债券 | Blackstone Mortgage Tr | 债券 | 0.32% | -0.06% | -1.20% | |
| 39 | OPEN | Opendoor Technologies Inc | 股票-房地产 | 0.30% | -0.10% | — | |
| 40 | NVDA | Nvidia CORP | 股票-科技 | 0.28% | +0.26% | -22.73% | |
| 41 | BA | Boeing Co/the | 股票-工业 | 0.27% | -0.17% | -14.63% | |
| 42 | ETHA | Ishares Ethereum Trust ETF | ETF-其他 | 0.26% | -0.06% | +0.36% | |
| 43 | PLUG | Plug Power Inc | 股票-工业 | 0.25% | -0.01% | +0.15% | |
| 44 | AAPL | Apple Inc | 股票-科技 | 0.24% | +0.33% | -44.26% | |
| 45 | BBIO | Bridgebio Pharma Inc | 股票-医疗保健 | 0.23% | — | +1018.82% | |
| 46 | MU | Micron Technology Inc | 股票-科技 | 0.22% | — | -18.48% | |
| 47 | EWY | Ishares Msci South Korea ETF | ETF-其他 | 0.21% | -0.54% | — | |
| 48 | FSLR | First Solar Inc | 股票-科技 | 0.21% | -0.04% | +3900.00% | |
| 49 | LCID | Lucid Group Inc | 股票-周期性消费 | 0.21% | -0.79% | — | |
| 50 | TER | Teradyne Inc | 股票-科技 | 0.20% | -0.05% | — |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | IWM | Ishares Russell 2000 ETF | +8.2% | +93.11% | 加仓 |
| 2 | QQQ | Invesco Qqq Trust Series 1 | +1.8% | -26.95% | 加仓 |
| 3 | BE 3 06-01-28债券 | Bloom Energy CORP | +1.8% | — | 不变 |
| 4 | SPY | Ss Spdr S&p 500 ETF Trust-us | +1.2% | -42.52% | 加仓 |
| 5 | IBIT | Ishares Bitcoin Trust ETF | +1.1% | -7.37% | 加仓 |
| 6 | PCT 7.25 08-15-30债券 | Purecycle Technologies | +0.6% | — | 加仓 |
| 7 | GDX | Vaneck Gold Miners ETF | +0.6% | +42.58% | 加仓 |
| 8 | SLV | Ishares Silver Trust | +0.6% | -61.31% | 加仓 |
| 9 | XLU | St Sr Utl Sl Se Spdr Etf-usd | +0.4% | +30.23% | 加仓 |
| 10 | AMZN | Amazon.com Inc | +0.4% | +59.91% | 加仓 |
| 11 | PCT | Purecycle Technologies Inc | +0.4% | -41.92% | 加仓 |
| 12 | CLMT | Calumet Inc | +0.3% | — | 加仓 |
| 13 | XLI | Ss Industrial Select Sector | +0.3% | +513.42% | 加仓 |
| 14 | NVAX | Novavax Inc | +0.3% | +2.93% | 加仓 |
| 15 | MARA | Mara Holdings Inc | +0.3% | +1.83% | 加仓 |
| 16 | REAL 4 02-15-31债券 | THE Realreal Inc | +0.2% | +54.70% | 加仓 |
| 17 | AAPL | Apple Inc | +0.2% | -44.26% | 加仓 |
| 18 | TER | Teradyne Inc | +0.2% | — | 加仓 |
| 19 | PLUG | Plug Power Inc | +0.2% | +0.15% | 加仓 |
| 20 | ETHA | Ishares Ethereum Trust ETF | +0.2% | +0.36% | 加仓 |
| 21 | GPRE 2.25 03-15-27债券 | Green Plains Inc | +0.1% | +6.29% | 加仓 |
| 22 | ✓ | Bitdeer Technologies Group | +0.1% | +4.36% | 加仓 |
| 23 | XLF | Ss Financial Select Sector | +0.1% | +328.00% | 加仓 |
| 24 | META | Meta Platforms Inc-class A | +0.1% | +30.65% | 加仓 |
| 25 | GTES | Gates Industrial Corporation plc | +0.1% | +55.18% | 加仓 |
| 26 | EZA | Ishares Msci South Africa Et | +0.1% | — | 加仓 |
| 27 | JPM | Jpmorgan Chase & Co | +0.1% | — | 加仓 |
| 28 | KWEB | Kranesh Csi China Internet | +0.1% | — | 加仓 |
| 29 | AME | Ametek Inc | +0.1% | +27.31% | 加仓 |
| 30 | URI | United Rentals Inc | +0.1% | -18.84% | 加仓 |
| 31 | CMI | Cummins Inc | +0.1% | +250.65% | 加仓 |
| 32 | VRSK | Verisk Analytics Inc | +0.1% | +154.25% | 加仓 |
| 33 | APH | Amphenol Corp-cl A | +0.1% | — | 加仓 |
| 34 | MSFT | Microsoft CORP | +0.1% | — | 加仓 |
| 35 | KRE | Ss Spdr S&p Regional Bank | +0.1% | — | 加仓 |
| 36 | AWI | Armstrong World Industries | +0.1% | -8.67% | 加仓 |
| 37 | MU | Micron Technology Inc | +0.1% | -18.48% | 减仓 |
| 38 | TVTX | Travere Therapeutics Inc | +0.1% | — | 加仓 |
| 39 | BXMT 5.5 03-15-27债券 | Blackstone Mortgage Tr | +0.1% | -1.20% | 加仓 |
| 40 | BX | Blackstone Inc | +0.1% | -38.41% | 加仓 |
| 41 | TVTX 2.25 03-01-29债券 | Travere Therapeutics Inc | 0% | -46.63% | 加仓 |
| 42 | TLRY 5.2 06-15-27债券 | Tilray Brands Inc | 0% | -1.68% | 减仓 |
| 43 | EWBC | East West Bancorp Inc | -0.1% | +92.90% | 减仓 |
| 44 | SNOW | Snowflake Inc | -0.1% | -9.47% | 减仓 |
| 45 | YPF | Ypf S.a.-sponsored Adr | -0.1% | +24.16% | 减仓 |
| 46 | IFF | Intl Flavors & Fragrances | -0.1% | — | 减仓 |
| 47 | LMT | Lockheed Martin CORP | -0.1% | -79.93% | 减仓 |
| 48 | SPGI | S&p Global Inc | -0.1% | -73.91% | 减仓 |
| 49 | LRCX | Lam Research CORP | -0.1% | -85.90% | 减仓 |
| 50 | LUMN | Lumen Technologies Inc | -0.1% | -74.13% | 减仓 |
根据 SEC 官方 Form 13F 申报备案，Graham Capital Management, L.P. 在 Q3 2025 季度的美股持仓总市值约为 US$55.0亿，共申报了 1183 个公开持股仓位。
在 Q3 2025 季度，Graham Capital Management, L.P. 按市值排列的前三大核心持股分别为：MSTR (21.6%)、IWM (17.4%)、IBIT (4.8%)。其中最大持股仓位 MSTR 占据整体投资组合约 21.6% 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
BE 3 06-01-29
市值: US$2.1亿
本季最大获利了结 / 清仓标的
PR 3.25 04-01-28
前期市值: US$1.7亿
在 Q3 2025 季度中，Graham Capital Management, L.P. 共进行了 199 项持仓异动，包含新建仓 53 个仓位、加仓 39 个仓位、减仓 47 个仓位以及清仓 60 个仓位。 其中最大新建仓标的为 BE 3 06-01-29。 本季清仓仓位包含 PR 3.25 04-01-28。
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。