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: 0001096978
申报总市值
US$4.6亿
US$4.6亿
101 檔
133.1%
在 Q4 2025 申报期间，Mariner Investment Group LLC（CIK: 0001096978）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$4.6亿，共持有 101 个公开申报仓位。
在 Q4 2025，Mariner Investment Group LLC 操作展现出积极扩展与加仓意向。本季共新建仓 47 个新仓位，并对 23 个既有持股进行加仓（合计增持 70 档），相较减仓与清仓仓位显著占优。
在资产配置集中度方面，Mariner Investment Group LLC 的前 5 大核心持股（包含 MSFT, LRCX, GOOG 等）合计占整体申报市值的 133.1%，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 | MSFT | Microsoft CORP | 股票-科技 | 9.71% | — | — | |
| 2 | LRCX | Lam Research CORP | 股票-科技 | 7.36% | — | — | |
| 3 | GOOG | Alphabet Inc-cl C | 股票-通信服务 | 6.41% | — | — | |
| 4 | COST | Costco Wholesale CORP | 股票-非周期性消费 | 6.29% | — | — | |
| 5 | IBIT | Ishares Bitcoin Trust ETF | ETF-加密货币 | 6.22% | -12.27% | +6.52% | |
| 6 | CSCO | Cisco Systems Inc | 股票-科技 | 6.17% | +0.13% | NEW | |
| 7 | ASML | ASML Holding N.V. | 股票-科技 | 5.81% | — | — | |
| 8 | TXN | Texas Instruments Inc | 股票-科技 | 5.66% | — | — | |
| 9 | NVDA | Nvidia CORP | 股票-科技 | 5.41% | — | +397.00% | |
| 10 | LIN | Linde plc | 股票-原材料 | 4.98% | — | — | |
| 11 | INTC | Intel CORP | 股票-科技 | 4.74% | — | — | |
| 12 | HON | Honeywell International Inc | 股票-工业 | 4.47% | — | — | |
| 13 | AAPL | Apple Inc | 股票-科技 | 3.94% | — | — | |
| 14 | MA | Mastercard Inc - A | 股票-金融 | 3.33% | — | — | |
| 15 | CTAS | Cintas CORP | 股票-工业 | 2.95% | — | — | |
| 16 | MCD | Mcdonald's CORP | 股票-周期性消费 | 2.91% | +0.08% | — | |
| 17 | LOW | Lowe's Cos Inc | 股票-周期性消费 | 1.42% | — | — | |
| 18 | BABA 0.5 06-01-31债券 | Alibaba Group Holding | 债券 | 1.36% | -2.39% | +200.00% | |
| 19 | F 0 03-15-26债券 | Ford Motor Company | 债券 | 1.22% | — | +100.00% | |
| 20 | IGLB | Ishares 10+ Year Inv Gr CORP | ETF-其他 | 1.18% | — | — | |
| 21 | FLR 1.125 08-15-29债券 | Fluor CORP | 债券 | 1.01% | -1.77% | +196.08% | |
| 22 | NEE 3 03-01-27债券 | Nextera Energy Capital | 债券 | 0.73% | — | — | |
| 23 | ON 0.5 03-01-29债券 | On Semiconductor CORP | 债券 | 0.55% | -3.41% | +100.00% | |
| 24 | RITM | Rithm Capital CORP | 股票-房地产 | 0.55% | -0.95% | -10.90% | |
| 25 | FOUR | Shift4 Payments Inc-class A | 股票-科技 | 0.46% | -1.35% | +177.78% | |
| 26 | SNOW 0 10-01-27债券 | Snowflake Inc | 债券 | 0.43% | -5.13% | EXIT | |
| 27 | LYV 3.125 01-15-29债券 | Live Nation Entertainmen | 债券 | 0.42% | -2.20% | EXIT | |
| 28 | DUK | Duke Energy CORP | 股票-公用事业 | 0.35% | — | +17.31% | |
| 29 | LYV 2.875 01-15-30债券 | Live Nation Entertainmen | 债券 | 0.31% | -0.27% | — | |
| 30 | JFR | Nuveen Floating Rate Income | 股票-其他 | 0.29% | — | -71.93% | |
| 31 | ETR | Entergy CORP | 股票-公用事业 | 0.24% | -0.31% | — | |
| 32 | RWT | Redwood Trust Inc | 股票-其他 | 0.24% | -0.33% | -12.04% | |
| 33 | LECO | Lincoln Electric Holdings | 股票-工业 | 0.22% | +0.47% | +6.67% | |
| 34 | AERO | Grupo Aeromexico Sab De Cv | 股票-其他 | 0.22% | -0.03% | — | |
| 35 | CIM | Chimera Investment CORP | 股票-其他 | 0.21% | -0.28% | +152.17% | |
| 36 | MTZ | Mastec Inc | 股票-工业 | 0.18% | +0.16% | +806.25% | |
| 37 | WMB | Williams Cos Inc | 股票-能源 | 0.17% | -0.10% | +116.67% | |
| 38 | TLN | Talen Energy CORP | 股票-公用事业 | 0.11% | -0.12% | EXIT | |
| 39 | FIX | Comfort Systems USA Inc | 股票-工业 | 0.11% | +0.32% | NEW | |
| 40 | RWT 7.75 06-15-27债券 | Redwood Trust Inc | 债券 | 0.10% | -0.14% | -45.45% | |
| 41 | RRC | Range Resources CORP | 股票-能源 | 0.10% | -0.15% | -41.33% | |
| 42 | RDFN 0.5 04-01-27债券 | Redfin CORP | 债券 | 0.09% | -0.12% | — | |
| 43 | FERG | Ferguson Enterprises Inc | 股票-工业 | 0.08% | +0.62% | NEW | |
| 44 | AR | Antero Resources CORP | 股票-能源 | 0.08% | — | -23.00% | |
| 45 | LYB | LyondellBasell Industries N.V. | 股票-原材料 | 0.08% | -0.03% | EXIT | |
| 46 | CMCSA | Comcast Corp-class A | 股票-通信服务 | 0.08% | — | +35.42% | |
| 47 | EQT | Eqt CORP | 股票-能源 | 0.06% | -0.14% | — | |
| 48 | PMT 8.5 06-01-29债券 | Pennymac CORP | 债券 | 0.06% | +0.14% | — | |
| 49 | DY | Dycom Industries Inc | 股票-工业 | 0.06% | — | — | |
| 50 | VST | Vistra CORP | 股票-公用事业 | 0.06% | -0.01% | EXIT |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +5.4% | +397.00% | 加仓 |
| 2 | MTZ | Mastec Inc | +0.1% | +806.25% | 加仓 |
| 3 | AR | Antero Resources CORP | +0.1% | -23.00% | 减仓 |
| 4 | CMCSA | Comcast Corp-class A | 0% | +35.42% | 加仓 |
| 5 | BRLSW | Oxus Acquisition CORP -cw23 | — | — | 不变 |
| 6 | BSLKW | Golden Arrow Merger A -cw26 | — | — | 不变 |
| 7 | CYCUW | Cycurion Inc-cw27 | — | — | 不变 |
| 8 | FERG | Ferguson Enterprises Inc | 0% | -91.43% | 减仓 |
| 9 | POST | Post Holdings Inc | 0% | +50.00% | 加仓 |
| 10 | DOCS | Doximity Inc-class A | 0% | -0.25% | 减仓 |
| 11 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | 0% | +195.91% | 加仓 |
| 12 | OLN | Olin CORP | 0% | +100.00% | 加仓 |
| 13 | IGV | Ishares Expanded Tech-softwa | 0% | — | 不变 |
| 14 | OKE | Oneok Inc | 0% | +100.00% | 加仓 |
| 15 | XPRO | Expro Group Holdings N.V. | -0.1% | — | 不变 |
| 16 | CRWV | Coreweave Inc-cl A | -0.1% | +1250.00% | 加仓 |
| 17 | VMC | Vulcan Materials Co | -0.1% | — | 不变 |
| 18 | NE | Noble Corporation plc | -0.1% | — | 不变 |
| 19 | CCOI | Cogent Communications Holdin | -0.1% | — | 不变 |
| 20 | FSK | Fs Kkr Capital CORP | -0.1% | +112.50% | 加仓 |
| 21 | MLM | Martin Marietta Materials | -0.1% | — | 不变 |
| 22 | LUMN | Lumen Technologies Inc | -0.1% | — | 不变 |
| 23 | BLDR | Builders Firstsource Inc | -0.1% | — | 不变 |
| 24 | KR | Kroger Co | -0.2% | +50.00% | 加仓 |
| 25 | RRC | Range Resources CORP | -0.2% | -41.33% | 减仓 |
| 26 | LYB | LyondellBasell Industries N.V. | -0.2% | +150.00% | 加仓 |
| 27 | VMI | Valmont Industries | -0.2% | — | 不变 |
| 28 | DOW | Dow Inc | -0.2% | +26.87% | 加仓 |
| 29 | WOLF | Wolfspeed Inc | -0.2% | -20.00% | 减仓 |
| 30 | GLW | Corning Inc | -0.2% | — | 不变 |
| 31 | CC | Chemours Co/the | -0.2% | — | 不变 |
| 32 | CIM | Chimera Investment CORP | -0.3% | +152.17% | 加仓 |
| 33 | PMT 8.5 06-01-29债券 | Pennymac CORP | -0.3% | — | 不变 |
| 34 | EIM | Eaton Vance Municipal Bond | -0.3% | -89.58% | 减仓 |
| 35 | RDFN 0.5 04-01-27债券 | Redfin CORP | -0.4% | — | 不变 |
| 36 | FOUR | Shift4 Payments Inc-class A | -0.6% | +177.78% | 加仓 |
| 37 | WMB | Williams Cos Inc | -0.6% | +116.67% | 加仓 |
| 38 | CEG | Constellation Energy | -0.8% | +270.37% | 加仓 |
| 39 | FLR 1.125 08-15-29债券 | Fluor CORP | -0.8% | +196.08% | 加仓 |
| 40 | ON 0.5 03-01-29债券 | On Semiconductor CORP | -0.9% | +100.00% | 加仓 |
| 41 | LECO | Lincoln Electric Holdings | -0.9% | +6.67% | 加仓 |
| 42 | RWT 7.75 06-15-27债券 | Redwood Trust Inc | -0.9% | -45.45% | 减仓 |
| 43 | VST | Vistra CORP | -0.9% | -38.46% | 减仓 |
| 44 | ETR | Entergy CORP | -1% | — | 不变 |
| 45 | DUK | Duke Energy CORP | -1.2% | +17.31% | 加仓 |
| 46 | RWT | Redwood Trust Inc | -1.2% | -12.04% | 减仓 |
| 47 | BABA 0.5 06-01-31债券 | Alibaba Group Holding | -1.4% | +200.00% | 加仓 |
| 48 | F 0 03-15-26债券 | Ford Motor Company | -1.9% | +100.00% | 加仓 |
| 49 | SNOW 0 10-01-27债券 | Snowflake Inc | -1.9% | — | 不变 |
| 50 | RITM | Rithm Capital CORP | -2.8% | -10.90% | 减仓 |
根据 SEC 官方 Form 13F 申报备案，Mariner Investment Group LLC 在 Q4 2025 季度的美股持仓总市值约为 US$4.6亿，共申报了 101 个公开持股仓位。
在 Q4 2025 季度，Mariner Investment Group LLC 按市值排列的前三大核心持股分别为：MSFT (9.7%)、LRCX (7.4%)、GOOG (6.4%)。其中最大持股仓位 MSFT 占据整体投资组合约 9.7% 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
MSFT
市值: US$1.7亿
本季最大获利了结 / 清仓标的
LQD
前期市值: US$2095.6万
在 Q4 2025 季度中，Mariner Investment Group LLC 共进行了 97 项持仓异动，包含新建仓 47 个仓位、加仓 23 个仓位、减仓 12 个仓位以及清仓 15 个仓位。 其中最大新建仓标的为 MSFT。 本季清仓仓位包含 LQD。
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。