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: 0001279396
申报总市值
US$193.0亿
US$193.0亿
376 檔
12.3%
Q2 2025 季度申报显示，Linden Advisors LP 披露的美股组合总市值为 US$193.0亿，涵盖 376 个不同之权益投资仓位。
在 Q2 2025，Linden Advisors LP 操作展现出积极扩展与加仓意向。本季共新建仓 79 个新仓位，并对 41 个既有持股进行加仓（合计增持 120 档），相较减仓与清仓仓位显著占优。
在资产配置集中度方面，Linden Advisors LP 的前 5 大核心持股（包含 MSTR 0.625 03-15-30, COIN 0.25 04-01-30, TCOM 0.75 06-15-29 等）合计占整体申报市值的 12.3%，反映机构在主要关键仓位上的权重分布。
本季最大新建仓标的
TCOM 0.75 06-15-29
市值: US$4.0亿
本季最大获利了结 / 清仓标的
PCG 4.25 12-01-27
前期市值: US$3.0亿
仅显示前 200 大持股（共 376 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 0.625 03-15-30债券 | Strategy Inc | 债券 | 4.70% | -0.17% | +2.50% | |
| 2 | COIN 0.25 04-01-30债券 | Coinbase Global Inc | 债券 | 3.09% | -0.06% | +13.35% | |
| 3 | TCOM 0.75 06-15-29债券 | Trip.com Group LTD | 债券 | 2.47% | — | — | |
| 4 | SMCI 3.5 03-01-29债券 | Super Micro Computer Inc | 债券 | 2.32% | +0.03% | -7.89% | |
| 5 | LI 0.25 05-01-28债券 | Li Auto Inc | 债券 | 1.98% | -0.05% | EXIT | |
| 6 | ZTO 1.5 09-01-27债券 | Zto Express Ky Inc | 债券 | 1.98% | — | +50.23% | |
| 7 | TMDX 1.5 06-01-28债券 | Transmedics Group Inc | 债券 | 1.79% | -0.11% | EXIT | |
| 8 | SIRI 3.75 03-15-28债券 | Sirius Xm Holdings | 债券 | 1.78% | -0.71% | +5.02% | |
| 9 | LITE 0.5 06-15-28债券 | Lumentum Holdings Inc | 债券 | 1.54% | -8.43% | +0.03% | |
| 10 | MMYT 0 02-15-28债券 | Makemytrip Limited | 债券 | 1.46% | +0.07% | +0.53% | |
| 11 | DKNG 0 03-15-28债券 | Draftkings Holdings Inc | 债券 | 1.34% | — | -5.02% | |
| 12 | PTON 5.5 12-01-29债券 | Peloton Interactive Inc | 债券 | 1.33% | +0.12% | — | |
| 13 | MKSI 1.25 06-01-30债券 | Mks Inc | 债券 | 1.32% | +1.22% | — | |
| 14 | MSTR 2.25 06-15-32债券 | Strategy Inc | 债券 | 1.30% | -0.06% | — | |
| 15 | SRPT 1.25 09-15-27债券 | Sarepta Therapeutics Inc | 债券 | 1.28% | — | +85.85% | |
| 16 | IRTC 1.5 09-01-29债券 | Irhythm Holdings Inc | 债券 | 1.23% | -0.03% | EXIT | |
| 17 | ASND 2.25 04-01-28债券 | Ascendis Pharma A/s | 债券 | 1.19% | -1.15% | EXIT | |
| 18 | FIVN 1 03-15-29债券 | Five9 Inc | 债券 | 1.19% | -0.50% | EXIT | |
| 19 | SMTC 1.625 11-01-27债券 | Semtech CORP | 债券 | 1.18% | +0.17% | +5.34% | |
| 20 | CYTK 3.5 07-01-27债券 | Cytokinetics Inc | 债券 | 1.15% | — | +1.15% | |
| 21 | MSTR 0.875 03-15-31债券 | Strategy Inc | 债券 | 1.14% | -0.21% | +9.61% | |
| 22 | EXAS 0.375 03-15-27债券 | Exact Sciences CORP | 债券 | 1.10% | — | +24.84% | |
| 23 | GVA 3.25 06-15-30债券 | Granite Construction Inc | 债券 | 1.08% | — | — | |
| 24 | LITE 0.5 12-15-26债券 | Lumentum Holdings Inc | 债券 | 1.06% | -3.33% | EXIT | |
| 25 | VSH 2.25 09-15-30债券 | Vishay Intertechnology | 债券 | 1.06% | +3.03% | +23.00% | |
| 26 | HAE 2.5 06-01-29债券 | Haemonetics CORP | 债券 | 1.00% | -0.08% | — | |
| 27 | CFLT 0 01-15-27债券 | Confluent Inc | 债券 | 0.98% | — | -45.84% | |
| 28 | ITRI 1.375 07-15-30债券 | Itron Inc | 债券 | 0.97% | -0.03% | — | |
| 29 | BE 3 06-01-29债券 | Bloom Energy CORP | 债券 | 0.95% | — | — | |
| 30 | EXAS 0.375 03-01-28债券 | Exact Sciences CORP | 债券 | 0.92% | — | +21.10% | |
| 31 | RPD 0.25 03-15-27债券 | Rapid7 Inc | 债券 | 0.89% | — | — | |
| 32 | VAC 3.25 12-15-27债券 | Marriott Vacation Worldw | 债券 | 0.89% | -0.02% | EXIT | |
| 33 | PRGS 3.5 03-01-30债券 | Progress Software CORP | 债券 | 0.88% | -0.07% | +1.60% | |
| 34 | ETSY 0.125 09-01-27债券 | Etsy Inc | 债券 | 0.88% | — | -1.54% | |
| 35 | HTHT 3 05-01-26债券 | H World Group LTD | 债券 | 0.87% | — | +16.49% | |
| 36 | DOCN 0 12-01-26债券 | Digitalocean Holdings | 债券 | 0.87% | +0.03% | NEW | |
| 37 | BBIO 2.25 02-01-29债券 | Bridgebio Pharma Inc | 债券 | 0.85% | -0.12% | +8.22% | |
| 38 | LRN 1.125 09-01-27债券 | Stride Inc | 债券 | 0.83% | -0.07% | — | |
| 39 | BE 3 06-01-28债券 | Bloom Energy CORP | 债券 | 0.82% | — | -4.78% | |
| 40 | CNMD 2.25 06-15-27债券 | Conmed CORP | 债券 | 0.81% | -0.76% | EXIT | |
| 41 | PI 1.125 05-15-27债券 | Impinj Inc | 债券 | 0.80% | +0.03% | +8.50% | |
| 42 | ETSY 0.25 06-15-28债券 | Etsy Inc | 债券 | 0.78% | — | +2.77% | |
| 43 | CAMT 0 12-01-26债券 | Camtek Ltd/israel | 债券 | 0.78% | — | — | |
| 44 | IDCC 3.5 06-01-27债券 | Interdigital Inc | 债券 | 0.78% | — | — | |
| 45 | SPHR 3.5 12-01-28债券 | Sphere Entertainment Co | 债券 | 0.75% | +0.25% | +30.45% | |
| 46 | COLL 2.875 02-15-29债券 | Collegium Pharma Inc | 债券 | 0.74% | +0.01% | — | |
| 47 | LYFT 0.625 03-01-29债券 | Lyft Inc | 债券 | 0.74% | -0.41% | -12.13% | |
| 48 | VAC 0 01-15-26债券 | Marriott Vacation Worldw | 债券 | 0.74% | — | -2.75% | |
| 49 | SNAP 0.5 05-01-30债券 | Snap Inc | 债券 | 0.73% | — | — | |
| 50 | CSGS 3.875 09-15-28债券 | Csg Systems Internationa | 债券 | 0.72% | — | -0.96% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | TCOM 0.75 06-15-29债券 | Trip.com Group LTD | +2.5% | NEW | 新建仓 |
| 2 | PTON 5.5 12-01-29债券 | Peloton Interactive Inc | +1.3% | NEW | 新建仓 |
| 3 | MKSI 1.25 06-01-30债券 | Mks Inc | +1.3% | NEW | 新建仓 |
| 4 | MSTR 2.25 06-15-32债券 | Strategy Inc | +1.3% | NEW | 新建仓 |
| 5 | GVA 3.25 06-15-30债券 | Granite Construction Inc | +1.1% | NEW | 新建仓 |
| 6 | MSTR 0.625 03-15-30债券 | Strategy Inc | +1% | +2.50% | 加仓 |
| 7 | HAE 2.5 06-01-29债券 | Haemonetics CORP | +1% | NEW | 新建仓 |
| 8 | ITRI 1.375 07-15-30债券 | Itron Inc | +1% | NEW | 新建仓 |
| 9 | COIN 0.25 04-01-30债券 | Coinbase Global Inc | +1% | +13.35% | 加仓 |
| 10 | BE 3 06-01-29债券 | Bloom Energy CORP | +1% | NEW | 新建仓 |
| 11 | SNAP 0.5 05-01-30债券 | Snap Inc | +0.7% | NEW | 新建仓 |
| 12 | PCRX 2.125 05-15-29债券 | Pacira Biosciences Inc | +0.6% | NEW | 新建仓 |
| 13 | BABA 0.5 06-01-31债券 | Alibaba Group Holding | +0.5% | NEW | 新建仓 |
| 14 | SPB 3.375 06-01-29债券 | Spectrum Brands Inc | +0.5% | NEW | 新建仓 |
| 15 | ZTO 1.5 09-01-27债券 | Zto Express Ky Inc | +0.5% | +50.23% | 加仓 |
| 16 | TMDX 1.5 06-01-28债券 | Transmedics Group Inc | +0.5% | +3.13% | 加仓 |
| 17 | BL 1 06-01-29债券 | Blackline Inc | +0.5% | NEW | 新建仓 |
| 18 | ON 0.5 03-01-29债券 | On Semiconductor CORP | +0.4% | NEW | 新建仓 |
| 19 | PRO 2.5 07-01-30债券 | Pros Holdings Inc | +0.4% | NEW | 新建仓 |
| 20 | FVICN 3.75 06-30-29债券 | Fortuna Mining CORP | +0.4% | NEW | 新建仓 |
| 21 | CIFR 1.75 05-15-30债券 | Cipher Digital Inc | +0.4% | NEW | 新建仓 |
| 22 | W 3.5 11-15-28债券 | Wayfair Inc | +0.4% | NEW | 新建仓 |
| 23 | SRPT 1.25 09-15-27债券 | Sarepta Therapeutics Inc | +0.3% | +85.85% | 加仓 |
| 24 | FLR 1.125 08-15-29债券 | Fluor CORP | +0.3% | +498.16% | 加仓 |
| 25 | NET | Cloudflare Inc - Class A | +0.3% | NEW | 新建仓 |
| 26 | ALRM 2.25 06-01-29债券 | Alarm.com Hldgs Inc | +0.3% | NEW | 新建仓 |
| 27 | MSTR 0.875 03-15-31债券 | Strategy Inc | +0.3% | +9.61% | 加仓 |
| 28 | SEI 4.75 05-01-30债券 | Solaris Energy Infrastru | +0.2% | NEW | 新建仓 |
| 29 | SPHR 3.5 12-01-28债券 | Sphere Entertainment Co | +0.2% | +30.45% | 加仓 |
| 30 | IMCR 2.5 02-01-30债券 | Immunocore Holdings | +0.2% | +85.34% | 加仓 |
| 31 | EXAS 0.375 03-15-27债券 | Exact Sciences CORP | +0.2% | +24.84% | 加仓 |
| 32 | W 3.25 09-15-27债券 | Wayfair Inc | +0.2% | NEW | 新建仓 |
| 33 | WEC | Wec Energy Group Inc | +0.2% | NEW | 新建仓 |
| 34 | ✓ | Cyberark Software LTD. Cmn | +0.2% | NEW | 新建仓 |
| 35 | GH 0 11-15-27债券 | Guardant Health Inc | +0.1% | +44.48% | 加仓 |
| 36 | SMTC 1.625 11-01-27债券 | Semtech CORP | +0.1% | +5.34% | 加仓 |
| 37 | VSH 2.25 09-15-30债券 | Vishay Intertechnology | +0.1% | +23.00% | 加仓 |
| 38 | DUK | Duke Energy CORP | +0.1% | NEW | 新建仓 |
| 39 | EXAS 0.375 03-01-28债券 | Exact Sciences CORP | +0.1% | +21.10% | 加仓 |
| 40 | ✓ | Dynavax Technol | +0.1% | +57.64% | 加仓 |
| 41 | ✓ | Thayer Ventures Acq CORP Ii | +0.1% | NEW | 新建仓 |
| 42 | SMTC 4 11-01-28债券 | Semtech CORP | +0.1% | NEW | 新建仓 |
| 43 | CAMT 0 12-01-26债券 | Camtek Ltd/israel | +0.1% | — | 不变 |
| 44 | NIO 3.875 10-15-29债券 | Nio Inc | +0.1% | NEW | 新建仓 |
| 45 | ✓ | +0.1% | NEW | 新建仓 | |
| 46 | BBIO 2.5 03-15-27债券 | Bridgebio Pharma Inc | +0.1% | +17.93% | 加仓 |
| 47 | ✓ | Perimeter Acquisition CORP I | +0.1% | NEW | 新建仓 |
| 48 | CORZW | Core Scientific Inc - 27 | +0.1% | -44.75% | 减仓 |
| 49 | CNP | Centerpoint Energy Inc | +0.1% | NEW | 新建仓 |
| 50 | ✓ | Kochav Defense Acqui Co | +0.1% | NEW | 新建仓 |
根据 SEC 官方 Form 13F 申报备案，Linden Advisors LP 在 Q2 2025 季度的美股持仓总市值约为 US$193.0亿，共申报了 376 个公开持股仓位。
在 Q2 2025 季度，Linden Advisors LP 按市值排列的前三大核心持股分别为：MSTR 0.625 03-15-30 (4.7%)、COIN 0.25 04-01-30 (3.1%)、TCOM 0.75 06-15-29 (2.5%)。其中最大持股仓位 MSTR 0.625 03-15-30 占据整体投资组合约 4.7% 的权重。
在 Q2 2025 季度中，Linden Advisors LP 共进行了 194 项持仓异动，包含新建仓 79 个仓位、加仓 41 个仓位、减仓 29 个仓位以及清仓 45 个仓位。 其中最大新建仓标的为 TCOM 0.75 06-15-29。 本季清仓仓位包含 PCG 4.25 12-01-27。
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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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。
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。