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: 0001572748
申报总市值
US$32.3亿
US$32.3亿
352 檔
78.5%
在 Q4 2025 申报期间，Marathon Trading Investment Management LLC（CIK: 0001572748）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$32.3亿，共持有 352 个公开申报仓位。
在 Q4 2025，Marathon Trading Investment Management LLC 操作展现出积极扩展与加仓意向。本季共新建仓 53 个新仓位，并对 74 个既有持股进行加仓（合计增持 127 档），相较减仓与清仓仓位显著占优。
在资产配置集中度方面，Marathon Trading Investment Management LLC 的前 5 大核心持股（包含 SLV, SLV, NVDA 等）合计占整体申报市值的 78.5%，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 352 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 | SLV | iShares Silver Trust | ETF-避险与商品 | 26.64% | -15.72% | +246.74% | |
| 2 | SLV | iShares Silver Trust | ETF-避险与商品 | 21.44% | -13.96% | +209.69% | |
| 3 | NVDA | NVIDIA Corporation | 股票-科技 | 3.38% | +6.02% | +735.63% | |
| 4 | NVDA | Nvidia CORP | 股票-科技 | 2.98% | +5.79% | +16924.46% | |
| 5 | TSLA | Tesla, Inc. | 股票-周期性消费 | 2.98% | +1.99% | +145.55% | |
| 6 | GLD | SPDR Gold Shares | ETF-避险与商品 | 2.90% | -0.33% | +69.74% | |
| 7 | TSLA | Tesla, Inc. | 股票-周期性消费 | 2.87% | -0.30% | +11.77% | |
| 8 | IBIT | iShares Bitcoin Trust ETF | ETF-加密货币 | 1.90% | -1.31% | +3334.01% | |
| 9 | MCHX | Marchex, Inc. | 股票-其他 | 1.58% | +0.49% | NEW | |
| 10 | AAPL | Apple Inc | 股票-科技 | 1.52% | +0.48% | — | |
| 11 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股与成长 | 1.34% | +0.77% | +629.36% | |
| 12 | AMZN | Amazon.com Inc | 股票-周期性消费 | 1.34% | +1.63% | +157.54% | |
| 13 | AMZN | Amazon.com, Inc. | 股票-周期性消费 | 1.32% | +1.61% | +126.08% | |
| 14 | GOOG | Alphabet Inc. | 股票-通信服务 | 1.28% | — | — | |
| 15 | GOOG | Alphabet Inc-cl C | 股票-通信服务 | 1.28% | -0.01% | EXIT | |
| 16 | MSTR | Strategy Inc | 股票-科技 | 1.25% | -0.23% | +4246.34% | |
| 17 | TSLA | Tesla Inc | 股票-周期性消费 | 1.11% | +3.29% | — | |
| 18 | IBIT | iShares Bitcoin Trust ETF | ETF-加密货币 | 1.04% | +0.17% | +382.73% | |
| 19 | GLD | SPDR Gold Shares | ETF-避险与商品 | 1.01% | -0.11% | +87.50% | |
| 20 | ✓ | Palantir Technologies Inc | 股票-其他 | 0.83% | -0.24% | +179.81% | |
| 21 | COIN | Coinbase Global, Inc. | 股票-金融 | 0.82% | -0.15% | +3905.00% | |
| 22 | COIN | Coinbase Global Inc -class A | 股票-金融 | 0.75% | -0.03% | EXIT | |
| 23 | MSTR | Strategy Inc | 股票-科技 | 0.69% | -0.29% | +665.38% | |
| 24 | MSFT | Microsoft CORP | 股票-科技 | 0.68% | -0.78% | — | |
| 25 | MSFT | Microsoft Corporation | 股票-科技 | 0.67% | -0.72% | +3731.25% | |
| 26 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.63% | +0.06% | +798.87% | |
| 27 | ✓ | Spdr S&P 500 Etf Tr Put Option | ETF-大型股与成长 | 0.62% | -5.59% | +935.90% | |
| 28 | JD | JD.com, Inc. | 股票-周期性消费 | 0.58% | -0.02% | +30.04% | |
| 29 | META | Meta Platforms, Inc. | 股票-通信服务 | 0.47% | -0.03% | +956.67% | |
| 30 | ✓ | Meta Platforms Inc | 股票-其他 | 0.46% | +2.08% | +4328.57% | |
| 31 | META | Meta Platforms Inc-class A | 股票-通信服务 | 0.46% | +2.10% | +3860.75% | |
| 32 | BAC | Bank of America Corporation | 股票-金融 | 0.45% | — | +0.06% | |
| 33 | ✓ | Pdd Holdings Inc | 股票-其他 | 0.44% | -0.21% | +25.82% | |
| 34 | GOOG | Alphabet Inc. | 股票-通信服务 | 0.43% | +2.55% | NEW | |
| 35 | KBAB | KraneShares 2x Long BABA Daily ETF | ETF-其他 | 0.40% | -0.05% | -20.17% | |
| 36 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 0.40% | +2.57% | +1863.34% | |
| 37 | JD | Jd.com Inc-adr | 股票-周期性消费 | 0.39% | -0.03% | +34.56% | |
| 38 | IREN | IREN Limited | 股票-其他 | 0.39% | +0.05% | +1938.33% | |
| 39 | AAPL | Apple Inc. | 股票-科技 | 0.34% | +0.04% | +292.86% | |
| 40 | WBD | Warner Bros Discovery Inc | 股票-通信服务 | 0.33% | — | +22.92% | |
| 41 | BABA | Alibaba Group Holding Limited | 股票-周期性消费 | 0.32% | -0.19% | +38.89% | |
| 42 | GLD | Spdr Gold Shares | ETF-避险与商品 | 0.31% | -0.66% | -65.38% | |
| 43 | MSTR | Strategy Inc | 股票-科技 | 0.29% | -0.03% | +152.27% | |
| 44 | BE | Bloom Energy Corp- A | 股票-工业 | 0.29% | +0.90% | — | |
| 45 | ✓ | Iren Limited | 股票-其他 | 0.28% | +0.24% | +410.58% | |
| 46 | ✓ | Warner Bros Discovery Inc | 股票-其他 | 0.27% | -0.11% | +460.45% | |
| 47 | GME | GameStop Corp. | 股票-周期性消费 | 0.19% | — | EXIT | |
| 48 | ✓ | Iris Energy LTD | 股票-其他 | 0.19% | +0.19% | +207.97% | |
| 49 | WBD | Warner Bros. Discovery, Inc. | 股票-通信服务 | 0.18% | -0.03% | +68.69% | |
| 50 | SPY | State Street SPDR S&P 500 ETF Trust | ETF-大型股与成长 | 0.18% | -6.45% | +30.34% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | SLV | iShares Silver Trust | +11.3% | +246.74% | 加仓 |
| 2 | SLV | iShares Silver Trust | +7.6% | +209.69% | 加仓 |
| 3 | NVDA | Nvidia CORP | +2.9% | +16924.46% | 加仓 |
| 4 | NVDA | NVIDIA Corporation | +2.2% | +735.63% | 加仓 |
| 5 | IBIT | iShares Bitcoin Trust ETF | +1.7% | +3334.01% | 加仓 |
| 6 | MCHX | Marchex, Inc. | +1.3% | +1451.52% | 加仓 |
| 7 | GOOG | Alphabet Inc-cl C | +1.3% | +16227.27% | 加仓 |
| 8 | MSTR | Strategy Inc | +1.1% | +4246.34% | 加仓 |
| 9 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.8% | +629.36% | 加仓 |
| 10 | COIN | Coinbase Global Inc -class A | +0.7% | +45733.64% | 加仓 |
| 11 | COIN | Coinbase Global, Inc. | +0.7% | +3905.00% | 加仓 |
| 12 | MSFT | Microsoft Corporation | +0.6% | +3731.25% | 加仓 |
| 13 | ✓ | Spdr S&P 500 Etf Tr Put Option | +0.4% | +935.90% | 加仓 |
| 14 | ✓ | Meta Platforms Inc | +0.4% | +4328.57% | 加仓 |
| 15 | META | Meta Platforms Inc-class A | +0.4% | +3860.75% | 加仓 |
| 16 | PLTR | Palantir Technologies Inc-a | +0.4% | +798.87% | 加仓 |
| 17 | GOOGL | Alphabet Inc-cl A | +0.4% | +1863.34% | 加仓 |
| 18 | META | Meta Platforms, Inc. | +0.3% | +956.67% | 加仓 |
| 19 | IREN | IREN Limited | +0.3% | +1938.33% | 加仓 |
| 20 | GOOG | Alphabet Inc. | +0.3% | +501.00% | 加仓 |
| 21 | IBIT | iShares Bitcoin Trust ETF | +0.2% | +382.73% | 加仓 |
| 22 | ✓ | Warner Bros Discovery Inc | +0.2% | +460.45% | 加仓 |
| 23 | ✓ | Alphabet Inc | +0.2% | +24900.00% | 加仓 |
| 24 | RIVN | Rivian Automotive, Inc. | +0.1% | +1312.40% | 加仓 |
| 25 | ✓ | Kenvue Inc | +0.1% | +300000.00% | 加仓 |
| 26 | MSTR | Strategy Inc | +0.1% | +665.38% | 加仓 |
| 27 | AAPL | Apple Inc. | +0.1% | +292.86% | 加仓 |
| 28 | SBET | Sharplink Inc | +0.1% | +986.02% | 加仓 |
| 29 | SMHC | VanEck China Semiconductor ETF | +0.1% | +2552.17% | 加仓 |
| 30 | PYPL | Paypal Holdings Inc | +0.1% | +5641.53% | 加仓 |
| 31 | ✓ | Iren Limited | +0.1% | +410.58% | 加仓 |
| 32 | KVUE | Kenvue Inc | +0.1% | +872.56% | 加仓 |
| 33 | PYPL | PayPal Holdings, Inc. | 0% | +800.00% | 加仓 |
| 34 | MARA | Mara Holdings Inc | 0% | +1809.37% | 加仓 |
| 35 | NBIS | Nebius Group N.V. | 0% | +640.57% | 加仓 |
| 36 | WOLF | Wolfspeed Inc | 0% | +452311.11% | 加仓 |
| 37 | OPEN | Opendoor Technologies Inc | 0% | +427.97% | 加仓 |
| 38 | MU | Micron Technology Inc | 0% | +284.35% | 加仓 |
| 39 | HIMS | Hims & Hers Health Inc | 0% | +648.60% | 加仓 |
| 40 | CRCL | Circle Internet Group Inc | 0% | +1388.22% | 加仓 |
| 41 | AVGO | Broadcom Inc. | 0% | +400.00% | 加仓 |
| 42 | SBUX | Starbucks Corporation | 0% | +275.00% | 加仓 |
| 43 | ✓ | Hims & Hers Health Inc | — | +400.00% | 加仓 |
| 44 | ORCL | Oracle CORP | 0% | +270.33% | 加仓 |
| 45 | CPRT | Copart Inc | 0% | +187.12% | 加仓 |
| 46 | PANW | Palo Alto Networks Inc | 0% | +177.78% | 加仓 |
| 47 | AVGO | Broadcom Inc | 0% | +116.58% | 加仓 |
| 48 | GEV | GE Vernova Inc | 0% | +101.48% | 加仓 |
| 49 | UNH | Unitedhealth Group Inc | 0% | +104.37% | 加仓 |
| 50 | ✓ | 0% | +150.67% | 加仓 |
根据 SEC 官方 Form 13F 申报备案，Marathon Trading Investment Management LLC 在 Q4 2025 季度的美股持仓总市值约为 US$32.3亿，共申报了 352 个公开持股仓位。
在 Q4 2025 季度，Marathon Trading Investment Management LLC 按市值排列的前三大核心持股分别为：SLV (26.6%)、SLV (21.4%)、NVDA (3.4%)。其中最大持股仓位 SLV 占据整体投资组合约 26.6% 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
AAPL
市值: US$6700.8万
本季最大获利了结 / 清仓标的
MSFT
前期市值: US$916.8万
在 Q4 2025 季度中，Marathon Trading Investment Management LLC 共进行了 198 项持仓异动，包含新建仓 53 个仓位、加仓 74 个仓位、减仓 51 个仓位以及清仓 20 个仓位。 其中最大新建仓标的为 AAPL。 本季清仓仓位包含 MSFT。
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。