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
472 檔
13.6%
截至 Q4 2025 季度末，Linden Advisors LP 的美股持仓估值约为 US$193.0亿，全数申报仓位共有 472 档。
在 Q4 2025，Linden Advisors LP 操作展现出积极扩展与加仓意向。本季共新建仓 81 个新仓位，并对 28 个既有持股进行加仓（合计增持 109 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 LITE 0.5 06-15-28, LEU 2.25 11-01-30, LITE 1.5 12-15-29 等）合计占整体申报市值的 13.6%，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 472 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 | LITE 0.5 06-15-28债券 | Lumentum Holdings Inc | 债券 | 4.97% | -8.43% | +7.12% | |
| 2 | LEU 2.25 11-01-30债券 | Centrus Energy CORP | 债券 | 3.96% | -0.44% | — | |
| 3 | LITE 1.5 12-15-29债券 | Lumentum Holdings Inc | 债券 | 3.05% | -5.23% | +4.48% | |
| 4 | APLD 2.75 06-01-30债券 | Applied Digital CORP | 债券 | 2.16% | +0.11% | — | |
| 5 | LITE 0.5 12-15-26债券 | Lumentum Holdings Inc | 债券 | 2.05% | -3.33% | EXIT | |
| 6 | BILL 0 04-01-30债券 | Bill Holdings Inc | 债券 | 1.78% | -0.97% | — | |
| 7 | AFRM 0.75 12-15-29债券 | Affirm Holdings Inc | 债券 | 1.74% | -0.08% | — | |
| 8 | MSTR 0.625 03-15-30债券 | Strategy Inc | 债券 | 1.73% | -0.17% | +39.95% | |
| 9 | MKSI 1.25 06-01-30债券 | Mks Inc | 债券 | 1.68% | +1.22% | +2.33% | |
| 10 | LI 0.25 05-01-28债券 | Li Auto Inc | 债券 | 1.62% | -0.05% | EXIT | |
| 11 | SIRI 3.75 03-15-28债券 | Sirius Xm Holdings | 债券 | 1.55% | -0.71% | -10.70% | |
| 12 | EXAS 0.375 03-01-28债券 | Exact Sciences CORP | 债券 | 1.51% | — | -4.03% | |
| 13 | BBIO 2.25 02-01-29债券 | Bridgebio Pharma Inc | 债券 | 1.48% | -0.12% | +22.28% | |
| 14 | UPST 2 10-01-29债券 | Upstart Holdings Inc | 债券 | 1.46% | +0.09% | — | |
| 15 | JAZZ 3.125 09-15-30债券 | Jazz Investments I LTD | 债券 | 1.44% | -0.92% | EXIT | |
| 16 | PTON 5.5 12-01-29债券 | Peloton Interactive Inc | 债券 | 1.41% | +0.12% | +0.55% | |
| 17 | SPHR 3.5 12-01-28债券 | Sphere Entertainment Co | 债券 | 1.39% | +0.25% | +1.32% | |
| 18 | RUN 4 03-01-30债券 | Sunrun Inc | 债券 | 1.35% | -0.01% | +30.68% | |
| 19 | CLSK 0 06-15-30债券 | Cleanspark Inc | 债券 | 1.34% | +0.30% | — | |
| 20 | BABA 0.5 06-01-31债券 | Alibaba Group Holding | 债券 | 1.34% | — | -16.23% | |
| 21 | SEI 0.25 10-01-31债券 | Solaris Energy Infrastru | 债券 | 1.26% | +0.54% | — | |
| 22 | HAE 2.5 06-01-29债券 | Haemonetics CORP | 债券 | 1.25% | -0.08% | +20.22% | |
| 23 | CELC 2.75 08-01-31债券 | Celcuity Inc | 债券 | 1.25% | +0.05% | +118.41% | |
| 24 | ASND 2.25 04-01-28债券 | Ascendis Pharma A/s | 债券 | 1.20% | -1.15% | EXIT | |
| 25 | COLL 2.875 02-15-29债券 | Collegium Pharma Inc | 债券 | 1.17% | +0.01% | +19.52% | |
| 26 | VSH 2.25 09-15-30债券 | Vishay Intertechnology | 债券 | 1.15% | +3.03% | +0.00% | |
| 27 | OSIS 2.25 08-01-29债券 | Osi Systems Inc | 债券 | 1.04% | -0.19% | +2.70% | |
| 28 | MMYT 0 02-15-28债券 | Makemytrip Limited | 债券 | 1.04% | +0.07% | -20.12% | |
| 29 | MSTR 0 12-01-29债券 | Strategy Inc | 债券 | 1.02% | -1.30% | — | |
| 30 | AVAV 0 07-15-30债券 | Aerovironment Inc | 债券 | 1.02% | -0.01% | +41.56% | |
| 31 | CIFR 1.75 05-15-30债券 | Cipher Digital Inc | 债券 | 0.94% | +0.52% | -18.52% | |
| 32 | PRGS 3.5 03-01-30债券 | Progress Software CORP | 债券 | 0.94% | -0.07% | — | |
| 33 | VAC 3.25 12-15-27债券 | Marriott Vacation Worldw | 债券 | 0.93% | -0.02% | EXIT | |
| 34 | GH 1.25 02-15-31债券 | Guardant Health Inc | 债券 | 0.92% | +1.57% | +39.94% | |
| 35 | BBIO 2.5 03-15-27债券 | Bridgebio Pharma Inc | 债券 | 0.91% | -0.59% | EXIT | |
| 36 | UPST 1 11-15-30债券 | Upstart Holdings Inc | 债券 | 0.88% | +0.03% | — | |
| 37 | RIOT 0.75 01-15-30债券 | Riot Platforms Inc | 债券 | 0.88% | +0.58% | — | |
| 38 | LRN 1.125 09-01-27债券 | Stride Inc | 债券 | 0.87% | -0.07% | +190.43% | |
| 39 | CNMD 2.25 06-15-27债券 | Conmed CORP | 债券 | 0.82% | -0.76% | EXIT | |
| 40 | SVMCN 4.75 12-15-29债券 | Silvercorp Metals Inc | 债券 | 0.82% | -0.14% | — | |
| 41 | IREN 3.25 06-15-30债券 | Iren LTD | 债券 | 0.78% | +0.12% | — | |
| 42 | W 3.5 11-15-28债券 | Wayfair Inc | 债券 | 0.78% | -0.59% | EXIT | |
| 43 | FVICN 3.75 06-30-29债券 | Fortuna Mining CORP | 债券 | 0.76% | -0.14% | +9.19% | |
| 44 | TVTX 2.25 03-01-29债券 | Travere Therapeutics Inc | 债券 | 0.75% | -0.45% | -5.46% | |
| 45 | LIVN 2.5 03-15-29债券 | Livanova PLC | 债券 | 0.73% | -0.08% | — | |
| 46 | WDC 3 11-15-28债券 | Western Digital CORP | 债券 | 0.73% | — | -60.02% | |
| 47 | COIN 0.25 04-01-30债券 | Coinbase Global Inc | 债券 | 0.69% | -0.06% | +29.11% | |
| 48 | PCRX 2.125 05-15-29债券 | Pacira Biosciences Inc | 债券 | 0.67% | -0.03% | +2.35% | |
| 49 | MSTR 0.875 03-15-31债券 | Strategy Inc | 债券 | 0.67% | -0.21% | +3.94% | |
| 50 | MSTR 2.25 06-15-32债券 | Strategy Inc | 债券 | 0.66% | -0.06% | — |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | LITE 0.5 06-15-28债券 | Lumentum Holdings Inc | +2.5% | +7.12% | 加仓 |
| 2 | LITE 1.5 12-15-29债券 | Lumentum Holdings Inc | +1.6% | +4.48% | 加仓 |
| 3 | LITE 0.5 12-15-26债券 | Lumentum Holdings Inc | +1.1% | +5.04% | 加仓 |
| 4 | CELC 2.75 08-01-31债券 | Celcuity Inc | +0.9% | +118.41% | 加仓 |
| 5 | GH 1.25 02-15-31债券 | Guardant Health Inc | +0.4% | +39.94% | 加仓 |
| 6 | SPHR 3.5 12-01-28债券 | Sphere Entertainment Co | +0.4% | +1.32% | 加仓 |
| 7 | BBIO 2.25 02-01-29债券 | Bridgebio Pharma Inc | +0.3% | +22.28% | 加仓 |
| 8 | RUN 4 03-01-30债券 | Sunrun Inc | +0.3% | +30.68% | 加仓 |
| 9 | COLL 2.875 02-15-29债券 | Collegium Pharma Inc | +0.3% | +19.52% | 加仓 |
| 10 | HAE 2.5 06-01-29债券 | Haemonetics CORP | +0.3% | +20.22% | 加仓 |
| 11 | LRN 1.125 09-01-27债券 | Stride Inc | +0.2% | +190.43% | 加仓 |
| 12 | BBIO 2.5 03-15-27债券 | Bridgebio Pharma Inc | +0.2% | — | 不变 |
| 13 | MKSI 1.25 06-01-30债券 | Mks Inc | +0.2% | +2.33% | 加仓 |
| 14 | AVAV 0 07-15-30债券 | Aerovironment Inc | +0.1% | +41.56% | 加仓 |
| 15 | TNDM 1.5 03-15-29 2024债券 | Tandem Diabetes Care Inc | +0.1% | +23.55% | 加仓 |
| 16 | AEIS 2.5 09-15-28债券 | Advanced Energy Ind | +0.1% | +11.42% | 加仓 |
| 17 | MARA 2.125 09-01-31债券 | Mara Holdings Inc | +0.1% | +173.08% | 加仓 |
| 18 | TVTX 2.25 03-01-29债券 | Travere Therapeutics Inc | +0.1% | -5.46% | 减仓 |
| 19 | MSTR 0.625 09-15-28债券 | Strategy Inc | +0.1% | +1186.24% | 加仓 |
| 20 | FVICN 3.75 06-30-29债券 | Fortuna Mining CORP | +0.1% | +9.19% | 加仓 |
| 21 | W 3.5 11-15-28债券 | Wayfair Inc | +0.1% | +5.76% | 加仓 |
| 22 | SEI 4.75 05-01-30债券 | Solaris Energy Infrastru | +0.1% | +7.75% | 加仓 |
| 23 | ✓ | 0% | +233.33% | 加仓 | |
| 24 | VRNS 1 09-15-29债券 | Varonis System Inc | 0% | +72.34% | 加仓 |
| 25 | GH 0 11-15-27债券 | Guardant Health Inc | 0% | — | 不变 |
| 26 | ✓ | Dynavax Technol | 0% | — | 不变 |
| 27 | IONS 1.75 06-15-28债券 | Ionis Pharmaceuticals In | 0% | — | 不变 |
| 28 | ECPG 4 03-15-29债券 | Encore Capital Group Inc | 0% | — | 不变 |
| 29 | RPD 1.25 03-15-29债券 | Rapid7 Inc | 0% | +8.91% | 加仓 |
| 30 | PTCT 1.5 09-15-26债券 | Ptc Therapeutics Inc | 0% | — | 不变 |
| 31 | LIVN 2.5 03-15-29债券 | Livanova PLC | 0% | — | 不变 |
| 32 | EXAS 0.375 03-01-28债券 | Exact Sciences CORP | 0% | -4.03% | 减仓 |
| 33 | COIN 0.25 04-01-30债券 | Coinbase Global Inc | 0% | +29.11% | 加仓 |
| 34 | OSIS 2.25 08-01-29债券 | Osi Systems Inc | 0% | +2.70% | 加仓 |
| 35 | NIO 3.875 10-15-29债券 | Nio Inc | -0.1% | -0.60% | 减仓 |
| 36 | RGEN 1 12-15-28债券 | Repligen CORP | -0.1% | -80.57% | 减仓 |
| 37 | CRNC 1.5 07-01-28债券 | Cerence Inc | -0.1% | -21.84% | 减仓 |
| 38 | LYFT 0.625 03-01-29债券 | Lyft Inc | -0.1% | — | 不变 |
| 39 | BBCN 3 02-15-29债券 | Blackberry LTD | -0.1% | — | 不变 |
| 40 | WT 3.25 08-15-29债券 | Wisdomtree Inc | -0.1% | -18.96% | 减仓 |
| 41 | CORZW | Core Scientific Inc - 27 | -0.1% | -28.44% | 减仓 |
| 42 | CIFR 1.75 05-15-30债券 | Cipher Digital Inc | -0.1% | -18.52% | 减仓 |
| 43 | EVH 3.5 12-01-29债券 | Evolent Health Inc | -0.1% | — | 不变 |
| 44 | GPRE 2.25 03-15-27债券 | Green Plains Inc | -0.2% | -88.42% | 减仓 |
| 45 | ETSY 0.125 09-01-27债券 | Etsy Inc | -0.2% | -30.39% | 减仓 |
| 46 | WB 1.375 12-01-30债券 | Weibo CORP | -0.2% | -7.28% | 减仓 |
| 47 | ETSY 0.25 06-15-28债券 | Etsy Inc | -0.2% | -15.15% | 减仓 |
| 48 | SNAP 0.125 03-01-28债券 | Snap Inc | -0.2% | -61.34% | 减仓 |
| 49 | NIO 4.625 10-15-30债券 | Nio Inc | -0.2% | -29.38% | 减仓 |
| 50 | W 3.25 09-15-27债券 | Wayfair Inc | -0.3% | -56.16% | 减仓 |
根据 SEC 官方 Form 13F 申报备案，Linden Advisors LP 在 Q4 2025 季度的美股持仓总市值约为 US$193.0亿，共申报了 472 个公开持股仓位。
在 Q4 2025 季度，Linden Advisors LP 按市值排列的前三大核心持股分别为：LITE 0.5 06-15-28 (5.0%)、LEU 2.25 11-01-30 (4.0%)、LITE 1.5 12-15-29 (3.0%)。其中最大持股仓位 LITE 0.5 06-15-28 占据整体投资组合约 5.0% 的权重。
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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。
本季最大新建仓标的
LEU 2.25 11-01-30
市值: US$6.4亿
本季最大获利了结 / 清仓标的
BE 3 06-01-28
前期市值: US$5.5亿
在 Q4 2025 季度中，Linden Advisors LP 共进行了 189 项持仓异动，包含新建仓 81 个仓位、加仓 28 个仓位、减仓 32 个仓位以及清仓 48 个仓位。 其中最大新建仓标的为 LEU 2.25 11-01-30。 本季清仓仓位包含 BE 3 06-01-28。
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。
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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。