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: 0000949509
申报总市值
US$72.1亿
US$72.1亿
170 檔
28.1%
根据最新整理的 13F 季度数据集，Oaktree Capital Management LP 于 Q4 2025 结束时的管理资产规模为 US$72.1亿。该机构在本季度申报了 170 档美股持仓，呈现出该时期的主要投资地图。
Oaktree Capital Management LP 在 Q4 2025 进行了结构性的板块轮动与仓位换股。在开立 37 个全新仓位及加仓 55 档持股的同时，亦同步清仓 31 档并减仓 53 档标的。
在资产配置集中度方面，Oaktree Capital Management LP 的前 5 大核心持股（包含 EXE, TRMD, AU 等）合计占整体申报市值的 28.1%，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 | EXE | Expand Energy CORP | 股票-能源 | 7.95% | -2.14% | — | |
| 2 | TRMD | TORM plc | 股票-其他 | 7.50% | -3.02% | -34.88% | |
| 3 | AU | AngloGold Ashanti plc | 股票-原材料 | 4.67% | -1.22% | -8.06% | |
| 4 | SMH | Vaneck Semiconductor ETF | ETF-其他 | 4.43% | — | — | |
| 5 | GTX | Garrett Motion Inc | 股票-周期性消费 | 4.24% | -0.22% | -46.40% | |
| 6 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股与成长 | 3.74% | +14.04% | NEW | |
| 7 | INDV | Indivior Pharmaceuticals, Inc. | 股票-其他 | 3.63% | — | -97.24% | |
| 8 | VNOM | Viper Energy Inc-cl A | 股票-能源 | 3.45% | -0.49% | — | |
| 9 | TLN | Talen Energy CORP | 股票-公用事业 | 3.37% | -0.57% | +77.22% | |
| 10 | TDS | Telephone And Data Systems | 股票-通信服务 | 2.15% | -0.05% | — | |
| 11 | CORZ | Core Scientific Inc | 股票-科技 | 2.14% | +0.62% | +61.71% | |
| 12 | B | Barrick Mining CORP | 股票-原材料 | 1.84% | — | -9.90% | |
| 13 | NOK | Nokia Corp-spon Adr | 股票-科技 | 1.73% | -1.37% | EXIT | |
| 14 | FTAI | FTAI Aviation Ltd. | 股票-工业 | 1.45% | — | -11.59% | |
| 15 | ITUB | Itau Unibanco H-spon Prf Adr | 股票-金融 | 1.41% | -0.20% | +9.13% | |
| 16 | ORCL | Oracle CORP | 股票-科技 | 1.39% | — | — | |
| 17 | LBTYA | Liberty Global Ltd. | 股票-其他 | 1.36% | -0.23% | — | |
| 18 | CBL | Cbl & Associates Properties | 股票-其他 | 1.33% | -1.26% | EXIT | |
| 19 | RIOT 0.75 01-15-30债券 | Riot Platforms Inc | 债券 | 1.32% | -0.67% | — | |
| 20 | JBLU 0.5 04-01-26债券 | Jetblue Airways CORP | 债券 | 1.27% | -1.45% | EXIT | |
| 21 | AERO | Grupo Aeromexico Sab De Cv | 股票-其他 | 1.18% | +0.14% | — | |
| 22 | TAC | Transalta CORP | 股票-其他 | 1.16% | -0.70% | — | |
| 23 | STKL | Sunopta Inc | 股票-其他 | 1.12% | -2.04% | — | |
| 24 | NU | Nu Holdings Ltd. | 股票-金融 | 1.07% | — | -0.88% | |
| 25 | FCX | Freeport-mcmoran Inc | 股票-原材料 | 1.00% | -0.04% | -7.63% | |
| 26 | KRC | Kilroy Realty CORP | 股票-房地产 | 0.98% | +0.16% | — | |
| 27 | CX | Cemex Sab-spons Adr Part Cer | 股票-其他 | 0.94% | -0.46% | -44.98% | |
| 28 | RWAY | Runway Growth Finance CORP | 股票-其他 | 0.89% | -0.19% | -15.10% | |
| 29 | ECHO 3.875 11-30-30债券 | Echostar CORP | 债券 | 0.86% | -0.20% | — | |
| 30 | CABO 0 03-15-26债券 | Cable One Inc | 债券 | 0.83% | — | +0.22% | |
| 31 | BLCO | Bausch + Lomb CORP | 股票-其他 | 0.82% | -0.03% | +4.23% | |
| 32 | GRAB | Grab Holdings Limited | 股票-科技 | 0.80% | — | -7.33% | |
| 33 | XPEV | XPeng Inc. | 股票-其他 | 0.77% | -0.22% | +63.32% | |
| 34 | ABNB 0 03-15-26债券 | Airbnb Inc | 债券 | 0.71% | — | +28.66% | |
| 35 | MAR | Marriott International -cl A | 股票-周期性消费 | 0.66% | — | — | |
| 36 | ETSY 0.25 06-15-28债券 | Etsy Inc | 债券 | 0.64% | +0.01% | +27.55% | |
| 37 | LILA | Liberty Latin America Ltd. | 股票-其他 | 0.61% | +0.05% | -13.81% | |
| 38 | ECVT | Ecovyst Inc | 股票-其他 | 0.59% | -0.47% | EXIT | |
| 39 | BMRN 1.25 05-15-27债券 | Biomarin Pharmaceutical | 债券 | 0.58% | +0.05% | +113.59% | |
| 40 | AMPH 2 03-15-29债券 | Amphastar Pharmaceutical | 债券 | 0.57% | -0.01% | +144.48% | |
| 41 | AD | Array Digital Infrastructure | 股票-其他 | 0.55% | -0.16% | — | |
| 42 | CNMD 2.25 06-15-27债券 | Conmed CORP | 债券 | 0.55% | +0.19% | -0.47% | |
| 43 | VAC 3.25 12-15-27债券 | Marriott Vacation Worldw | 债券 | 0.55% | +0.02% | +12.66% | |
| 44 | PEB 1.75 12-15-26债券 | Pebblebrook Hotel Trust | 债券 | 0.55% | +0.02% | +51.69% | |
| 45 | VIST | Vista Energy Sab De Cv | 股票-其他 | 0.54% | — | -57.52% | |
| 46 | YMM | Full Truck Alliance -spn Adr | 股票-其他 | 0.54% | — | -7.32% | |
| 47 | SEALTD 0.25 09-15-26债券 | Sea LTD | 债券 | 0.54% | +0.14% | +4.93% | |
| 48 | SBLK | Star Bulk Carriers Corp. | 股票-其他 | 0.54% | — | — | |
| 49 | TDOC 1.25 06-01-27债券 | Teladoc Health Inc | 债券 | 0.52% | +0.25% | -5.31% | |
| 50 | ENPH 0 03-01-28债券 | Enphase Energy Inc | 债券 | 0.47% | +0.03% | +33.39% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | INDV | Indivior Pharmaceuticals, Inc. | +3.5% | -97.24% | 减仓 |
| 2 | TLN | Talen Energy CORP | +1% | +77.22% | 加仓 |
| 3 | CORZ | Core Scientific Inc | +0.4% | +61.71% | 加仓 |
| 4 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.4% | +16.67% | 加仓 |
| 5 | NOK | Nokia Corp-spon Adr | +0.3% | — | 不变 |
| 6 | AMPH 2 03-15-29债券 | Amphastar Pharmaceutical | +0.3% | +144.48% | 加仓 |
| 7 | BMRN 1.25 05-15-27债券 | Biomarin Pharmaceutical | +0.3% | +113.59% | 加仓 |
| 8 | FIVN 1 03-15-29债券 | Five9 Inc | +0.3% | +289.99% | 加仓 |
| 9 | JBLU 0.5 04-01-26债券 | Jetblue Airways CORP | +0.2% | +32.62% | 加仓 |
| 10 | ECVT | Ecovyst Inc | +0.2% | +48.81% | 加仓 |
| 11 | WGO 3.25 01-15-30债券 | Winnebago Industries | +0.2% | +311.98% | 加仓 |
| 12 | XPEV | XPeng Inc. | +0.2% | +63.32% | 加仓 |
| 13 | B | Barrick Mining CORP | +0.2% | -9.90% | 减仓 |
| 14 | PEB 1.75 12-15-26债券 | Pebblebrook Hotel Trust | +0.2% | +51.69% | 加仓 |
| 15 | OKTA 0.375 06-15-26债券 | Okta Inc | +0.2% | +67.46% | 加仓 |
| 16 | SPB 3.375 06-01-29债券 | Spectrum Brands Inc | +0.1% | +69.51% | 加仓 |
| 17 | AU | AngloGold Ashanti plc | +0.1% | -8.06% | 减仓 |
| 18 | XYZ 0 05-01-26债券 | Block Inc | +0.1% | +102.15% | 加仓 |
| 19 | DAY 0.25 03-15-26债券 | Dayforce Inc | +0.1% | +106.26% | 加仓 |
| 20 | NBR 1.75 06-15-29债券 | Nabors Industries Inc | +0.1% | +87.51% | 加仓 |
| 21 | ABNB 0 03-15-26债券 | Airbnb Inc | +0.1% | +28.66% | 加仓 |
| 22 | ETSY 0.25 06-15-28债券 | Etsy Inc | +0.1% | +27.55% | 加仓 |
| 23 | ARRY 1 12-01-28债券 | Array Technologies Inc | +0.1% | +34.81% | 加仓 |
| 24 | TEO | Telecom Argentina Sa-sp Adr | +0.1% | -10.72% | 减仓 |
| 25 | FCX | Freeport-mcmoran Inc | +0.1% | -7.63% | 减仓 |
| 26 | ENPH 0 03-01-28债券 | Enphase Energy Inc | +0.1% | +33.39% | 加仓 |
| 27 | CBRL 0.625 06-15-26债券 | Cracker Barrel Old Count | +0.1% | +33.62% | 加仓 |
| 28 | LNTH 2.625 12-15-27债券 | Lantheus Holdings Inc | +0.1% | +83.67% | 加仓 |
| 29 | SNAP 0 05-01-27债券 | Snap Inc | +0.1% | +50.85% | 加仓 |
| 30 | PMT 5.5 03-15-26债券 | Pennymac CORP | +0.1% | +102.09% | 加仓 |
| 31 | BLCO | Bausch + Lomb CORP | +0.1% | +4.23% | 加仓 |
| 32 | HAE 0 03-01-26债券 | Haemonetics CORP | +0.1% | +62.56% | 加仓 |
| 33 | U 0 11-15-26债券 | Unity Software Inc | +0.1% | +141.96% | 加仓 |
| 34 | CALY 2.75 05-01-26债券 | Callaway Golf Co | +0.1% | +115.83% | 加仓 |
| 35 | MAR | Marriott International -cl A | +0.1% | — | 不变 |
| 36 | MGPI 1.875 11-15-41债券 | Mgp Ingredients Inc | +0.1% | +34.44% | 加仓 |
| 37 | BXMT 5.5 03-15-27债券 | Blackstone Mortgage Tr | +0.1% | +72.92% | 加仓 |
| 38 | SMRT | Smartrent Inc | +0.1% | — | 不变 |
| 39 | BSY 0.375 07-01-27债券 | Bentley Systems | +0.1% | +256.84% | 加仓 |
| 40 | BAND 0.5 04-01-28债券 | Bandwidth Inc | +0.1% | +58.17% | 加仓 |
| 41 | NVST 1.75 08-15-28债券 | Envista Holdings CORP | +0.1% | +20.83% | 加仓 |
| 42 | ZD 1.75 11-01-26债券 | Ziff Davis Inc | +0.1% | +58.27% | 加仓 |
| 43 | MGNI 0.25 03-15-26债券 | Magnite Inc | +0.1% | +55.27% | 加仓 |
| 44 | FRPT 3 04-01-28债券 | Freshpet Inc | +0.1% | +69.77% | 加仓 |
| 45 | LCII 1.125 05-15-26债券 | Lci Industries | +0.1% | +54.96% | 加仓 |
| 46 | VALE | Vale Sa-sp Adr | 0% | -0.49% | 减仓 |
| 47 | TTEK 2.25 08-15-28债券 | Tetra Tech Inc | 0% | +28.43% | 加仓 |
| 48 | RDFN 0.5 04-01-27债券 | Redfin CORP | 0% | +45.83% | 加仓 |
| 49 | NEO 0.25 01-15-28债券 | Neogenomics Inc | 0% | +80.61% | 加仓 |
| 50 | CRNC 1.5 07-01-28债券 | Cerence Inc | 0% | +62.64% | 加仓 |
根据 SEC 官方 Form 13F 申报备案，Oaktree Capital Management LP 在 Q4 2025 季度的美股持仓总市值约为 US$72.1亿，共申报了 170 个公开持股仓位。
在 Q4 2025 季度，Oaktree Capital Management LP 按市值排列的前三大核心持股分别为：EXE (8.0%)、TRMD (7.5%)、AU (4.7%)。其中最大持股仓位 EXE 占据整体投资组合约 8.0% 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
SMH
市值: US$3.1亿
本季最大获利了结 / 清仓标的
IWM
前期市值: US$5323.1万
在 Q4 2025 季度中，Oaktree Capital Management LP 共进行了 176 项持仓异动，包含新建仓 37 个仓位、加仓 55 个仓位、减仓 53 个仓位以及清仓 31 个仓位。 其中最大新建仓标的为 SMH。 本季清仓仓位包含 IWM。
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。