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: 0001393825
申报总市值
US$368.3亿
US$368.3亿
1040 檔
22.7%
在 Q4 2025 的 13F 官方备案中，Hudson Bay Capital Management LP 管理的美股投资组合规模来到 US$368.3亿，整体持股档数为 1040 档。
Hudson Bay Capital Management LP 在 Q4 2025 进行了结构性的板块轮动与仓位换股。在开立 30 个全新仓位及加仓 64 档持股的同时，亦同步清仓 53 档并减仓 52 档标的。
在资产配置集中度方面，Hudson Bay Capital Management LP 的前 5 大核心持股（包含 TSLA, NVDA, AMZN 等）合计占整体申报市值的 22.7%，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 1040 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 | TSLA | Tesla Inc | 股票-周期性消费 | 9.01% | -0.34% | +37.46% | |
| 2 | NVDA | Nvidia CORP | 股票-科技 | 7.29% | -3.20% | -17.61% | |
| 3 | AMZN | Amazon.com Inc | 股票-周期性消费 | 4.32% | -0.01% | -36.34% | |
| 4 | AMD | Advanced Micro Devices | 股票-科技 | 3.88% | +0.86% | +42.81% | |
| 5 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 3.08% | +0.08% | +409.76% | |
| 6 | MSFT | Microsoft CORP | 股票-科技 | 2.98% | +0.23% | +1435.60% | |
| 7 | NFLX | Netflix Inc | 股票-通信服务 | 2.35% | -2.02% | +1119.94% | |
| 8 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 2.23% | -0.14% | +2.90% | |
| 9 | AAPL | Apple Inc | 股票-科技 | 2.07% | -2.38% | -38.23% | |
| 10 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 2.05% | +2.30% | +272.66% | |
| 11 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 2.01% | -0.96% | -32.12% | |
| 12 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股与成长 | 1.88% | -1.00% | -47.22% | |
| 13 | FLG | Flagstar Bank NA | 股票-金融 | 1.44% | -1.19% | — | |
| 14 | DLTR | Dollar Tree Inc | 股票-非周期性消费 | 1.27% | -0.09% | -29.39% | |
| 15 | BA | Boeing Co/the | 股票-工业 | 1.26% | +0.23% | +133.10% | |
| 16 | HOOD | Robinhood Markets Inc - A | 股票-金融 | 1.20% | -0.04% | -18.10% | |
| 17 | AVGO | Broadcom Inc | 股票-科技 | 1.19% | -0.98% | +8514.23% | |
| 18 | COST | Costco Wholesale CORP | 股票-非周期性消费 | 1.14% | — | +97.00% | |
| 19 | SHOP | Shopify Inc - Class A | 股票-科技 | 1.06% | -0.13% | +2893.49% | |
| 20 | BABA 0.5 06-01-31债券 | Alibaba Group Holding | 债券 | 1.04% | -0.34% | +114.21% | |
| 21 | VRT | Vertiv Holdings Co-a | 股票-工业 | 1.01% | +0.01% | +7438.42% | |
| 22 | META | Meta Platforms Inc-class A | 股票-通信服务 | 1.00% | +0.78% | +571.97% | |
| 23 | IBIT | Ishares Bitcoin Trust ETF | ETF-加密货币 | 0.94% | -0.49% | -36.84% | |
| 24 | ECHO 3.875 11-30-30债券 | Echostar CORP | 债券 | 0.91% | -0.23% | +17.55% | |
| 25 | ISRG | Intuitive Surgical Inc | 股票-医疗保健 | 0.90% | +0.46% | +640.80% | |
| 26 | PCG 4.25 12-01-27债券 | Pg&e CORP | 债券 | 0.89% | -0.19% | +27.56% | |
| 27 | WMT | Walmart Inc | 股票-非周期性消费 | 0.86% | +0.17% | +399.67% | |
| 28 | DIS | Walt Disney Co/the | 股票-通信服务 | 0.84% | -0.73% | EXIT | |
| 29 | HON | Honeywell International Inc | 股票-工业 | 0.81% | -0.05% | EXIT | |
| 30 | ✓ | Cyberark Software LTD. Cmn | 股票-其他 | 0.76% | — | +9.06% | |
| 31 | COIN | Coinbase Global Inc -class A | 股票-金融 | 0.67% | -0.42% | +153.43% | |
| 32 | ADBE | Adobe Inc | 股票-科技 | 0.67% | +0.02% | +49010.92% | |
| 33 | TMUS | T-mobile US Inc | 股票-通信服务 | 0.67% | -0.02% | +14.84% | |
| 34 | NBIS | Nebius Group N.V. | 股票-其他 | 0.64% | +0.01% | +3244.58% | |
| 35 | SNPS | Synopsys Inc | 股票-科技 | 0.56% | +0.96% | +759.76% | |
| 36 | RIG 4.625 09-30-29 *债券 | Transocean Interntnl LTD | 债券 | 0.56% | -0.42% | +4.66% | |
| 37 | CDNS | Cadence Design Sys Inc | 股票-科技 | 0.52% | — | +66.46% | |
| 38 | BP | Bp Plc-spons Adr | 股票-能源 | 0.52% | — | -0.33% | |
| 39 | CNC | Centene CORP | 股票-医疗保健 | 0.51% | -0.06% | EXIT | |
| 40 | FXI | Ishares China Large-cap ETF | ETF-新兴市场 | 0.50% | -0.34% | +295.34% | |
| 41 | NOW | Servicenow Inc | 股票-科技 | 0.47% | +0.16% | NEW | |
| 42 | PYPL | Paypal Holdings Inc | 股票-金融 | 0.46% | — | +19883.31% | |
| 43 | MSTR | Strategy Inc | 股票-科技 | 0.46% | -0.01% | -48.70% | |
| 44 | GOOG | Alphabet Inc-cl C | 股票-通信服务 | 0.45% | +1.08% | -38.98% | |
| 45 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-非投资级债 | 0.45% | -0.40% | -76.50% | |
| 46 | UNIT 7.5 12-01-27债券 | Uniti Group Inc | 债券 | 0.43% | -0.09% | +12.19% | |
| 47 | C | Citigroup Inc | 股票-金融 | 0.42% | -0.18% | +147.70% | |
| 48 | AAL | American Airlines Group Inc | 股票-工业 | 0.40% | +0.09% | +15.84% | |
| 49 | VRTX | Vertex Pharmaceuticals Inc | 股票-医疗保健 | 0.40% | +0.79% | +483.73% | |
| 50 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 0.38% | +3.47% | -71.46% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | MSFT | Microsoft CORP | +2.8% | +1435.60% | 加仓 |
| 2 | TSLA | Tesla Inc | +2.5% | +37.46% | 加仓 |
| 3 | PLTR | Palantir Technologies Inc-a | +2.5% | +409.76% | 加仓 |
| 4 | AMD | Advanced Micro Devices | +1.8% | +42.81% | 加仓 |
| 5 | GOOGL | Alphabet Inc-cl A | +1.6% | +272.66% | 加仓 |
| 6 | AVGO | Broadcom Inc | +1.2% | +8514.23% | 加仓 |
| 7 | SHOP | Shopify Inc - Class A | +1% | +2893.49% | 加仓 |
| 8 | VRT | Vertiv Holdings Co-a | +1% | +7438.42% | 加仓 |
| 9 | META | Meta Platforms Inc-class A | +0.8% | +571.97% | 加仓 |
| 10 | ISRG | Intuitive Surgical Inc | +0.8% | +640.80% | 加仓 |
| 11 | HON | Honeywell International Inc | +0.8% | +2872.86% | 加仓 |
| 12 | BA | Boeing Co/the | +0.7% | +133.10% | 加仓 |
| 13 | WMT | Walmart Inc | +0.7% | +399.67% | 加仓 |
| 14 | ADBE | Adobe Inc | +0.7% | +49010.92% | 加仓 |
| 15 | NBIS | Nebius Group N.V. | +0.6% | +3244.58% | 加仓 |
| 16 | COST | Costco Wholesale CORP | +0.5% | +97.00% | 加仓 |
| 17 | SNPS | Synopsys Inc | +0.5% | +759.76% | 加仓 |
| 18 | CNC | Centene CORP | +0.5% | +1314.29% | 加仓 |
| 19 | BABA 0.5 06-01-31债券 | Alibaba Group Holding | +0.5% | +114.21% | 加仓 |
| 20 | PYPL | Paypal Holdings Inc | +0.5% | +19883.31% | 加仓 |
| 21 | NOW | Servicenow Inc | +0.4% | +5692.95% | 加仓 |
| 22 | FXI | Ishares China Large-cap ETF | +0.4% | +295.34% | 加仓 |
| 23 | ALNY | Alnylam Pharmaceuticals Inc | +0.4% | +2928.37% | 加仓 |
| 24 | GS | Goldman Sachs Group Inc | +0.3% | +4360.01% | 加仓 |
| 25 | VRTX | Vertex Pharmaceuticals Inc | +0.3% | +483.73% | 加仓 |
| 26 | ECHO 3.875 11-30-30债券 | Echostar CORP | +0.3% | +17.55% | 加仓 |
| 27 | INTC | Intel CORP | +0.3% | +626.50% | 加仓 |
| 28 | LIN | Linde plc | +0.3% | +12547.61% | 加仓 |
| 29 | COIN | Coinbase Global Inc -class A | +0.3% | +153.43% | 加仓 |
| 30 | C | Citigroup Inc | +0.3% | +147.70% | 加仓 |
| 31 | CAT | Caterpillar Inc | +0.2% | +5302.01% | 加仓 |
| 32 | PCG 4.25 12-01-27债券 | Pg&e CORP | +0.2% | +27.56% | 加仓 |
| 33 | NSC | Norfolk Southern CORP | +0.2% | +121.39% | 加仓 |
| 34 | CDNS | Cadence Design Sys Inc | +0.2% | +66.46% | 加仓 |
| 35 | AAL | American Airlines Group Inc | +0.1% | +15.84% | 加仓 |
| 36 | LITE | Lumentum Holdings Inc | +0.1% | +545.98% | 加仓 |
| 37 | AHR | American Healthcare Reit Inc | +0.1% | +87.92% | 加仓 |
| 38 | NBIX | Neurocrine Biosciences Inc | +0.1% | +652.90% | 加仓 |
| 39 | KVUE | Kenvue Inc | +0.1% | +276.34% | 加仓 |
| 40 | FLG | Flagstar Bank NA | +0.1% | — | 不变 |
| 41 | QRVO | Qorvo Inc | +0.1% | +9817.97% | 加仓 |
| 42 | LVS | Las Vegas Sands CORP | +0.1% | +3567.76% | 加仓 |
| 43 | CRCL | Circle Internet Group Inc | +0.1% | +184.90% | 加仓 |
| 44 | NNN | Nnn Reit Inc | +0.1% | +135.61% | 加仓 |
| 45 | RIG 4.625 09-30-29 *债券 | Transocean Interntnl LTD | +0.1% | +4.66% | 加仓 |
| 46 | COP | Conocophillips | +0.1% | +3147.81% | 加仓 |
| 47 | SNY | Sanofi-adr | +0.1% | +414.18% | 加仓 |
| 48 | MS | Morgan Stanley | +0.1% | +162.99% | 加仓 |
| 49 | TVTX | Travere Therapeutics Inc | +0.1% | +184.63% | 加仓 |
| 50 | UDR | Udr Inc | +0.1% | +182.25% | 加仓 |
根据 SEC 官方 Form 13F 申报备案，Hudson Bay Capital Management LP 在 Q4 2025 季度的美股持仓总市值约为 US$368.3亿，共申报了 1040 个公开持股仓位。
在 Q4 2025 季度，Hudson Bay Capital Management LP 按市值排列的前三大核心持股分别为：TSLA (9.0%)、NVDA (7.3%)、AMZN (4.3%)。其中最大持股仓位 TSLA 占据整体投资组合约 9.0% 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
DIS
市值: US$2.5亿
本季最大获利了结 / 清仓标的
SO 3.875 12-15-25
前期市值: US$3.1亿
在 Q4 2025 季度中，Hudson Bay Capital Management LP 共进行了 199 项持仓异动，包含新建仓 30 个仓位、加仓 64 个仓位、减仓 52 个仓位以及清仓 53 个仓位。 其中最大新建仓标的为 DIS。 本季清仓仓位包含 SO 3.875 12-15-25。
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。