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: 0000919185
申报总市值
US$41.1亿
US$41.1亿
297 檔
27.2%
在 Q4 2025 申报期间，Highbridge Capital Management LLC（CIK: 0000919185）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$41.1亿，共持有 297 个公开申报仓位。
Highbridge Capital Management LLC 在 Q4 2025 进行了结构性的板块轮动与仓位换股。在开立 78 个全新仓位及加仓 26 档持股的同时，亦同步清仓 66 档并减仓 25 档标的。
在资产配置集中度方面，Highbridge Capital Management LLC 的前 5 大核心持股（包含 ISHARES TR, TLT, GLD 等）合计占整体申报市值的 27.2%，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 297 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 | ✓ | Ishares Tr | 股票-其他 | 11.77% | +0.16% | — | |
| 2 | TLT | iShares 20+ Year Treasury Bond ETF | ETF-政府公债 | 10.28% | -10.16% | +300.00% | |
| 3 | GLD | SPDR Gold Shares | ETF-避险与商品 | 6.32% | — | — | |
| 4 | F 0 03-15-26债券 | Ford Motor Company | 债券 | 3.81% | — | -17.86% | |
| 5 | EA | Electronic Arts Inc | 股票-通信服务 | 3.44% | -0.83% | +10479.00% | |
| 6 | ELME | Elme Communities | 股票-其他 | 3.13% | -0.22% | — | |
| 7 | BABA 0.5 06-01-31债券 | Alibaba Group Holding | 债券 | 2.47% | -0.29% | -28.57% | |
| 8 | ✓ | Cyberark Software LTD. Cmn | 股票-其他 | 2.35% | — | +375.94% | |
| 9 | FOX | Fox CORP - Class B | 股票-通信服务 | 1.85% | — | +43.81% | |
| 10 | FYBR | Frontier Communications Pare | 股票-其他 | 1.79% | — | +46.57% | |
| 11 | NGDN | New Gold Inc | 股票-其他 | 1.73% | — | — | |
| 12 | BAC 0.6 05-25-27 MTN债券 | Bofa Finance LLC | 债券 | 1.70% | +0.13% | +20.33% | |
| 13 | SRPT 1.25 09-15-27债券 | Sarepta Therapeutics Inc | 债券 | 1.65% | -0.57% | +54.88% | |
| 14 | HEI-A | Heico Corp-class A | 股票-其他 | 1.56% | — | +78.71% | |
| 15 | EXK | Exact Sciences CORP | 股票-原材料 | 1.56% | — | — | |
| 16 | ✓ | Amazon Com Inc | 股票-其他 | 1.47% | — | — | |
| 17 | HO1 | Hologic Inc | 股票-其他 | 1.45% | -2.01% | EXIT | |
| 18 | NIO 3.875 10-15-29债券 | Nio Inc | 债券 | 1.45% | +0.21% | NEW | |
| 19 | IRWD 1.5 06-15-26债券 | Ironwood Pharmaceuticals | 债券 | 1.43% | -1.49% | EXIT | |
| 20 | ✓ | Avadel Pharmaceuticals PLC ADR | 股票-其他 | 1.41% | — | — | |
| 21 | DBX 0 03-01-28债券 | Dropbox Inc | 债券 | 1.40% | — | +4.81% | |
| 22 | SPOT 0 03-15-26债券 | Spotify USA Inc | 债券 | 1.36% | — | -6.25% | |
| 23 | RNAGBP | Avidity Biosciences Inc | 股票-其他 | 1.35% | — | — | |
| 24 | EB 0.75 09-15-26债券 | Eventbrite Inc | 债券 | 1.16% | — | +97.60% | |
| 25 | LRN 1.125 09-01-27债券 | Stride Inc | 债券 | 1.09% | — | — | |
| 26 | MSTR 0.625 03-15-30债券 | Strategy Inc | 债券 | 1.05% | -0.59% | EXIT | |
| 27 | MARA 0 03-01-30债券 | Mara Holdings Inc | 债券 | 1.00% | -1.02% | EXIT | |
| 28 | MSTR 0.625 09-15-28债券 | Strategy Inc | 债券 | 0.97% | +0.49% | NEW | |
| 29 | WK 1.25 08-15-28债券 | Workiva Inc | 债券 | 0.93% | -0.46% | EXIT | |
| 30 | SMCI 3.5 03-01-29债券 | Super Micro Computer Inc | 债券 | 0.92% | +0.82% | +1200.00% | |
| 31 | BSY 0.125 01-15-26债券 | Bentley Systems Inc | 债券 | 0.91% | — | -35.91% | |
| 32 | CABO 0 03-15-26债券 | Cable One Inc | 债券 | 0.90% | — | +7.50% | |
| 33 | HA7 | Enviri CORP | 股票-其他 | 0.85% | -1.11% | EXIT | |
| 34 | QTWO 0.75 06-01-26债券 | Q2 Holdings Inc | 债券 | 0.83% | — | +228.37% | |
| 35 | CDTX | Cidara Therapeutics Inc | 股票-其他 | 0.80% | — | — | |
| 36 | NBR | Nabors Industries Ltd. | 股票-其他 | 0.72% | — | -15.96% | |
| 37 | ✓ | 股票-其他 | 0.69% | — | — | ||
| 38 | ✓ | Cartesian Growth CORP Iii | 股票-其他 | 0.66% | -0.67% | EXIT | |
| 39 | FWONA | Liberty Media Corp-formula-a | 股票-其他 | 0.65% | — | -30.01% | |
| 40 | KVUE | Kenvue Inc | 股票-非周期性消费 | 0.65% | +0.74% | — | |
| 41 | ✓ | 股票-其他 | 0.63% | -0.60% | EXIT | ||
| 42 | GES 3.75 04-15-28债券 | Guess Inc | 债券 | 0.62% | — | — | |
| 43 | NWSA | News CORP - Class A | 股票-通信服务 | 0.61% | — | +12.69% | |
| 44 | NIO | NIO Inc. | 股票-周期性消费 | 0.57% | -0.19% | +133.15% | |
| 45 | BHF | Brighthouse Financial Inc | 股票-金融 | 0.57% | -0.07% | — | |
| 46 | LLYVA | Liberty Live Holdings-a | 股票-其他 | 0.55% | — | — | |
| 47 | BATRK | Atlanta Braves Holdings In-c | 股票-其他 | 0.54% | -0.42% | EXIT | |
| 48 | PPLI | People Inc | 股票-通信服务 | 0.52% | -0.71% | -13.81% | |
| 49 | EAF | GrafTech International Ltd. | 股票-其他 | 0.51% | -0.53% | EXIT | |
| 50 | ✓ | 股票-其他 | 0.49% | -0.13% | — |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | TLT | iShares 20+ Year Treasury Bond ETF | +6.7% | +300.00% | 加仓 |
| 2 | EA | Electronic Arts Inc | +3.4% | +10479.00% | 加仓 |
| 3 | ✓ | Cyberark Software LTD. Cmn | +1.6% | +375.94% | 加仓 |
| 4 | SMCI 3.5 03-01-29债券 | Super Micro Computer Inc | +0.8% | +1200.00% | 加仓 |
| 5 | QTWO 0.75 06-01-26债券 | Q2 Holdings Inc | +0.4% | +228.37% | 加仓 |
| 6 | EB 0.75 09-15-26债券 | Eventbrite Inc | +0.4% | +97.60% | 加仓 |
| 7 | HEI-A | Heico Corp-class A | +0.4% | +78.71% | 加仓 |
| 8 | FOX | Fox CORP - Class B | +0.3% | +43.81% | 加仓 |
| 9 | IRWD 1.5 06-15-26债券 | Ironwood Pharmaceuticals | +0.3% | +57.30% | 加仓 |
| 10 | SRPT 1.25 09-15-27债券 | Sarepta Therapeutics Inc | +0.2% | +54.88% | 加仓 |
| 11 | FYBR | Frontier Communications Pare | +0.2% | +46.57% | 加仓 |
| 12 | SBET | Sharplink Inc | +0.1% | +5947.46% | 加仓 |
| 13 | NSC | Norfolk Southern CORP | +0.1% | +728.00% | 加仓 |
| 14 | NIO | NIO Inc. | +0.1% | +133.15% | 加仓 |
| 15 | FGMC | Fg Merger Ii CORP | +0.1% | +119.90% | 加仓 |
| 16 | ✓ | 0% | +304.89% | 加仓 | |
| 17 | ✓ | Schmid Group N.v. | 0% | +143.87% | 加仓 |
| 18 | VWAVW | Visionwave Holdings Inc | 0% | -22.25% | 减仓 |
| 19 | ✓ | M3brigade Acquisition V CORP | 0% | +379.32% | 加仓 |
| 20 | IAUX-WS | I-80 Gold CORP -26 | 0% | — | 不变 |
| 21 | ✓ | Churchill Capital CORP Ix | 0% | +218885.00% | 加仓 |
| 22 | ✓ | Forafric Global PLC | — | -16.57% | 减仓 |
| 23 | ✓ | 0% | — | 不变 | |
| 24 | MDAIW | Spectral Ai -cw27 | 0% | -52.75% | 减仓 |
| 25 | ✓ | Hcm Iii Acquisition CORP | 0% | -99.28% | 减仓 |
| 26 | BAC 0.6 05-25-27 MTN债券 | Bofa Finance LLC | 0% | +20.33% | 加仓 |
| 27 | ✓ | 0% | -2.64% | 减仓 | |
| 28 | FLDDW | Fold Holdings Inc -23 | 0% | -19.78% | 减仓 |
| 29 | ✓ | Lifezone Metals Limited | 0% | -0.61% | 减仓 |
| 30 | ✓ | Bitfufu Inc | 0% | -42.02% | 减仓 |
| 31 | OKUR | Onkure Therapeutics Inc-a | 0% | -16.59% | 减仓 |
| 32 | ✓ | American Exceptionalism Acqu | -0.1% | -44.94% | 减仓 |
| 33 | GENVR | Gen Digital Inc - Cvr | -0.1% | +25.31% | 加仓 |
| 34 | AMPX-WS | Amprius Technologies Inc | -0.1% | -42.76% | 减仓 |
| 35 | ✓ | Bitdeer Technologies Group | -0.1% | — | 不变 |
| 36 | AISPW | Airship Ai Holdings Inc-cw28 | -0.1% | -26.13% | 减仓 |
| 37 | JBS | Jbs N.v. | -0.1% | -71.81% | 减仓 |
| 38 | NBR | Nabors Industries Ltd. | -0.2% | -15.96% | 减仓 |
| 39 | BOX 0 01-15-26债券 | Box Inc | -0.2% | — | 不变 |
| 40 | BATRK | Atlanta Braves Holdings In-c | -0.2% | +8.26% | 加仓 |
| 41 | CENTA | Central Garden And Pet Co-a | -0.2% | -1.01% | 减仓 |
| 42 | EAF | GrafTech International Ltd. | -0.2% | — | 不变 |
| 43 | CABO 0 03-15-26债券 | Cable One Inc | -0.2% | +7.50% | 加仓 |
| 44 | GOSS 5 06-01-27债券 | Gossamer Bio Inc | -0.2% | -70.00% | 减仓 |
| 45 | NWSA | News CORP - Class A | -0.3% | +12.69% | 加仓 |
| 46 | CORZW | Core Scientific Inc - 27 | -0.3% | -80.22% | 减仓 |
| 47 | NIO 3.875 10-15-29债券 | Nio Inc | -0.4% | +17.50% | 加仓 |
| 48 | GLIBK | Liberty Capital Corp-cl C | -0.5% | -34.84% | 减仓 |
| 49 | DBX 0 03-01-28债券 | Dropbox Inc | -0.5% | +4.81% | 加仓 |
| 50 | ✓ | -0.6% | -76.60% | 减仓 |
根据 SEC 官方 Form 13F 申报备案，Highbridge Capital Management LLC 在 Q4 2025 季度的美股持仓总市值约为 US$41.1亿，共申报了 297 个公开持股仓位。
在 Q4 2025 季度，Highbridge Capital Management LLC 按市值排列的前三大核心持股分别为：ISHARES TR (11.8%)、TLT (10.3%)、GLD (6.3%)。其中最大持股仓位 ISHARES TR 占据整体投资组合约 11.8% 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
ISHARES TR
市值: US$3.7亿
本季最大获利了结 / 清仓标的
Invesco QQQ Tr Put Option 06/2
前期市值: US$1.5亿
在 Q4 2025 季度中，Highbridge Capital Management LLC 共进行了 195 项持仓异动，包含新建仓 78 个仓位、加仓 26 个仓位、减仓 25 个仓位以及清仓 66 个仓位。 其中最大新建仓标的为 ISHARES TR。 本季清仓仓位包含 Invesco QQQ Tr Put Option 06/2。
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。