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: 0001165830
申报总市值
US$1.8亿
US$1.8亿
40 檔
77.9%
Q2 2025 季度申报显示，Income Research & Management 披露的美股组合总市值为 US$1.8亿，涵盖 40 个不同之权益投资仓位。
在 Q2 2025，Income Research & Management 操作展现出积极扩展与加仓意向。本季共新建仓 15 个新仓位，并对 19 个既有持股进行加仓（合计增持 34 档），相较减仓与清仓仓位显著占优。
在资产配置集中度方面，Income Research & Management 的前 5 大核心持股（包含 BLV, VGLT, EDV 等）合计占整体申报市值的 77.9%，反映机构在主要关键仓位上的权重分布。
| # | 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 | BLV | Vanguard Long-term Bond ETF | ETF-其他 | 13.40% | — | — | |
| 2 | VGLT | Vanguard Long-term Treasury | ETF-政府公债 | 10.59% | — | — | |
| 3 | EDV | Vanguard Extended Dur Treas | ETF-其他 | 7.26% | — | — | |
| 4 | EXPE 0 02-15-26债券 | Expedia Group Inc | 债券 | 3.65% | — | +1.86% | |
| 5 | PPL 2.875 03-15-28债券 | Ppl Capital Funding Inc | 债券 | 3.51% | — | +2.07% | |
| 6 | NMFC 7.5 10-15-25债券 | New Mountain Finance Cor | 债券 | 3.28% | — | +1.65% | |
| 7 | VTR 3.75 06-01-26债券 | Ventas Realty LP | 债券 | 3.24% | — | +1.55% | |
| 8 | CMS 3.375 05-01-28债券 | Cms Energy CORP | 债券 | 3.23% | — | +2.47% | |
| 9 | DUK 4.125 04-15-26债券 | Duke Energy CORP | 债券 | 3.12% | — | +2.49% | |
| 10 | CNP 4.25 08-15-26债券 | Centerpoint Energy Inc | 债券 | 2.96% | — | +2.46% | |
| 11 | EEFT 0.75 03-15-49债券 | Euronet Worldwide Inc | 债券 | 2.77% | -0.50% | — | |
| 12 | AWK 3.625 06-15-26债券 | American Water Capital C | 债券 | 2.75% | -5.53% | EXIT | |
| 13 | CSWC 5.125 11-15-29债券 | Capital Southwest CORP | 债券 | 2.43% | -0.92% | +2.69% | |
| 14 | AKAM 0.375 09-01-27债券 | Akamai Technologies Inc | 债券 | 2.41% | -2.69% | +2.23% | |
| 15 | F 0 03-15-26债券 | Ford Motor Company | 债券 | 2.36% | — | +2.32% | |
| 16 | BAC 0.6 05-25-27 MTN债券 | Bofa Finance LLC | 债券 | 2.35% | -1.16% | +2.60% | |
| 17 | ON 0.5 03-01-29债券 | On Semiconductor CORP | 债券 | 2.28% | -1.26% | +3.24% | |
| 18 | ETSY 0.25 06-15-28债券 | Etsy Inc | 债券 | 2.22% | -1.01% | +1.54% | |
| 19 | NVST 1.75 08-15-28债券 | Envista Holdings CORP | 债券 | 2.15% | -1.15% | +2.27% | |
| 20 | NEE 3 03-01-27债券 | Nextera Energy Capital | 债券 | 2.04% | -1.22% | +3.31% | |
| 21 | GPN 1.5 03-01-31债券 | Global Payments Inc | 债券 | 1.97% | -0.28% | +3.19% | |
| 22 | MCHP 0.75 06-01-30债券 | Microchip Technology Inc | 债券 | 1.95% | +0.07% | — | |
| 23 | XYZ 0.25 11-01-27债券 | Block Inc | 债券 | 1.78% | -0.88% | — | |
| 24 | EVRG 4.5 12-15-27债券 | Evergy Inc | 债券 | 1.60% | -0.59% | +2.54% | |
| 25 | DXCM 0.375 05-15-28债券 | Dexcom Inc | 债券 | 1.56% | -0.57% | — | |
| 26 | LNT 3.875 03-15-26债券 | Alliant Energy CORP | 债券 | 1.51% | — | -55.46% | |
| 27 | UBER 0.875 12-01-28 2028债券 | Uber Technologies Inc | 债券 | 1.42% | -0.55% | +4.33% | |
| 28 | MTH 1.75 05-15-28债券 | Meritage Homes CORP | 债券 | 1.39% | -0.08% | — | |
| 29 | TAXX | Bblx Irm Tax-aware S Dur ETF | ETF-其他 | 1.36% | -0.33% | — | |
| 30 | TXXI | Bblx Irm Tax-aware I Dur ETF | ETF-其他 | 1.32% | -0.22% | — | |
| 31 | TAXM | Bondbloxx Ir+m Tax-aware Mas | ETF-其他 | 1.32% | -0.22% | — | |
| 32 | WEC 4.375 06-01-29债券 | Wec Energy Group Inc | 债券 | 1.28% | — | — | |
| 33 | SO 4.5 06-15-27债券 | Southern Co | 债券 | 1.18% | — | — | |
| 34 | HAE 2.5 06-01-29债券 | Haemonetics CORP | 债券 | 0.79% | -0.06% | — | |
| 35 | PNW 4.75 06-15-27债券 | Pinnacle West Capital | 债券 | 0.76% | -0.10% | — | |
| 36 | AGGS | Harbor Disciplined Bond ETF | ETF-其他 | 0.55% | -0.10% | — | |
| 37 | BAC 7.25 PERP L债券 | Bank Of America CORP | 债券 | 0.12% | -0.01% | — | |
| 38 | WFC 7.5 PERP L债券 | Wells Fargo & Company | 债券 | 0.11% | -0.05% | — | |
| 39 | WEC 4.375 06-01-27债券 | Wec Energy Group Inc | 债券 | 0.03% | — | — | |
| 40 | CABO 1.125 03-15-28债券 | Cable One Inc | 债券 | 0.01% | — | — |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | BLV | Vanguard Long-term Bond ETF | +13.4% | NEW | 新建仓 |
| 2 | VGLT | Vanguard Long-term Treasury | +10.6% | NEW | 新建仓 |
| 3 | EDV | Vanguard Extended Dur Treas | +7.3% | NEW | 新建仓 |
| 4 | MCHP 0.75 06-01-30债券 | Microchip Technology Inc | +2% | NEW | 新建仓 |
| 5 | XYZ 0.25 11-01-27债券 | Block Inc | +1.8% | NEW | 新建仓 |
| 6 | DXCM 0.375 05-15-28债券 | Dexcom Inc | +1.6% | NEW | 新建仓 |
| 7 | MTH 1.75 05-15-28债券 | Meritage Homes CORP | +1.4% | NEW | 新建仓 |
| 8 | WEC 4.375 06-01-29债券 | Wec Energy Group Inc | +1.3% | NEW | 新建仓 |
| 9 | SO 4.5 06-15-27债券 | Southern Co | +1.2% | NEW | 新建仓 |
| 10 | HAE 2.5 06-01-29债券 | Haemonetics CORP | +0.8% | NEW | 新建仓 |
| 11 | PNW 4.75 06-15-27债券 | Pinnacle West Capital | +0.8% | NEW | 新建仓 |
| 12 | BAC 7.25 PERP L债券 | Bank Of America CORP | +0.1% | NEW | 新建仓 |
| 13 | WFC 7.5 PERP L债券 | Wells Fargo & Company | +0.1% | NEW | 新建仓 |
| 14 | WEC 4.375 06-01-27债券 | Wec Energy Group Inc | 0% | NEW | 新建仓 |
| 15 | CABO 1.125 03-15-28债券 | Cable One Inc | 0% | NEW | 新建仓 |
| 16 | HOUS 0.25 06-15-26债券 | Anywhere Re Grp/realogy | 0% | EXIT | 清仓 |
| 17 | AGGS | Harbor Disciplined Bond ETF | -0.3% | — | 不变 |
| 18 | UBER 0.875 12-01-28 2028债券 | Uber Technologies Inc | -0.4% | +4.33% | 加仓 |
| 19 | TAXX | Bblx Irm Tax-aware S Dur ETF | -0.8% | — | 不变 |
| 20 | TAXM | Bondbloxx Ir+m Tax-aware Mas | -0.8% | — | 不变 |
| 21 | TXXI | Bblx Irm Tax-aware I Dur ETF | -0.8% | — | 不变 |
| 22 | EVRG 4.5 12-15-27债券 | Evergy Inc | -0.9% | +2.54% | 加仓 |
| 23 | ON 0.5 03-01-29债券 | On Semiconductor CORP | -1% | +3.24% | 加仓 |
| 24 | NVST 1.75 08-15-28债券 | Envista Holdings CORP | -1.1% | +2.27% | 加仓 |
| 25 | NEE 3 03-01-27债券 | Nextera Energy Capital | -1.2% | +3.31% | 加仓 |
| 26 | ETSY 0.25 06-15-28债券 | Etsy Inc | -1.2% | +1.54% | 加仓 |
| 27 | GPN 1.5 03-01-31债券 | Global Payments Inc | -1.2% | +3.19% | 加仓 |
| 28 | CSWC 5.125 11-15-29债券 | Capital Southwest CORP | -1.3% | +2.69% | 加仓 |
| 29 | F 0 03-15-26债券 | Ford Motor Company | -1.3% | +2.32% | 加仓 |
| 30 | AKAM 0.375 09-01-27债券 | Akamai Technologies Inc | -1.4% | +2.23% | 加仓 |
| 31 | BAC 0.6 05-25-27 MTN债券 | Bofa Finance LLC | -1.4% | +2.60% | 加仓 |
| 32 | AWK 3.625 06-15-26债券 | American Water Capital C | -1.6% | +2.68% | 加仓 |
| 33 | CNP 4.25 08-15-26债券 | Centerpoint Energy Inc | -1.7% | +2.46% | 加仓 |
| 34 | DUK 4.125 04-15-26债券 | Duke Energy CORP | -1.8% | +2.49% | 加仓 |
| 35 | NMFC 7.5 10-15-25债券 | New Mountain Finance Cor | -1.9% | +1.65% | 加仓 |
| 36 | CMS 3.375 05-01-28债券 | Cms Energy CORP | -2% | +2.47% | 加仓 |
| 37 | EXPE 0 02-15-26债券 | Expedia Group Inc | -2.1% | +1.86% | 加仓 |
| 38 | PPL 2.875 03-15-28债券 | Ppl Capital Funding Inc | -2.2% | +2.07% | 加仓 |
| 39 | VTR 3.75 06-01-26债券 | Ventas Realty LP | -2.2% | +1.55% | 加仓 |
| 40 | EEFT 0.75 03-15-49债券 | Euronet Worldwide Inc | -2.4% | — | 不变 |
| 41 | LNT 3.875 03-15-26债券 | Alliant Energy CORP | -4.1% | -55.46% | 减仓 |
| 42 | LUV 1.25 05-01-25债券 | Southwest Airlines Co | -5.1% | EXIT | 清仓 |
根据 SEC 官方 Form 13F 申报备案，Income Research & Management 在 Q2 2025 季度的美股持仓总市值约为 US$1.8亿，共申报了 40 个公开持股仓位。
在 Q2 2025 季度，Income Research & Management 按市值排列的前三大核心持股分别为：BLV (13.4%)、VGLT (10.6%)、EDV (7.3%)。其中最大持股仓位 BLV 占据整体投资组合约 13.4% 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
BLV
市值: US$5013.8万
本季最大获利了结 / 清仓标的
LUV 1.25 05-01-25
前期市值: US$1191.7万
在 Q2 2025 季度中，Income Research & Management 共进行了 37 项持仓异动，包含新建仓 15 个仓位、加仓 19 个仓位、减仓 1 个仓位以及清仓 2 个仓位。 其中最大新建仓标的为 BLV。 本季清仓仓位包含 LUV 1.25 05-01-25。
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。
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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。