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: 0001922318
申报总市值
US$14.1亿
US$14.1亿
60 檔
75.3%
Q4 2025 季度申报显示，Pale Fire Capital SE 披露的美股组合总市值为 US$14.1亿，涵盖 60 个不同之权益投资仓位。
在 Q4 2025，Pale Fire Capital SE 操作展现出积极扩展与加仓意向。本季共新建仓 25 个新仓位，并对 18 个既有持股进行加仓（合计增持 43 档），相较减仓与清仓仓位显著占优。
在资产配置集中度方面，Pale Fire Capital SE 的前 5 大核心持股（包含 COIN, TSLA, HOOD 等）合计占整体申报市值的 75.3%，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 | COIN | Coinbase Global Inc -class A | 股票-金融 | 19.30% | — | — | |
| 2 | TSLA | Tesla Inc | 股票-周期性消费 | 15.70% | — | — | |
| 3 | HOOD | Robinhood Markets Inc - A | 股票-金融 | 12.57% | — | — | |
| 4 | GRPN | Groupon Inc | 股票-其他 | 12.03% | +6.67% | — | |
| 5 | BTG | B2gold CORP | 股票-其他 | 11.90% | -10.69% | -21.40% | |
| 6 | DOLE | Dole plc | 股票-其他 | 9.43% | -2.69% | +9.14% | |
| 7 | ZD | Ziff Davis Inc | 股票-其他 | 2.85% | -0.41% | +201.11% | |
| 8 | BAX | Baxter International Inc | 股票-医疗保健 | 2.66% | -2.34% | EXIT | |
| 9 | IAUX | I-80 Gold CORP | 股票-其他 | 2.03% | -0.86% | -8.21% | |
| 10 | ANGI | Angi Inc | 股票-其他 | 1.87% | -0.72% | +57.32% | |
| 11 | GAU | Galiano Gold Inc | 股票-其他 | 1.34% | -0.21% | +18.91% | |
| 12 | TDOC | Teladoc Health Inc | 股票-医疗保健 | 0.91% | -0.45% | — | |
| 13 | LQDA | Liquidia CORP | 股票-其他 | 0.88% | -1.27% | +57.61% | |
| 14 | CGAU | Centerra Gold Inc | 股票-其他 | 0.57% | — | -74.69% | |
| 15 | CARS | Cars.com Inc | 股票-其他 | 0.54% | +0.28% | — | |
| 16 | RGNX | Regenxbio Inc | 股票-其他 | 0.48% | +0.03% | +95.43% | |
| 17 | GUTS | Fractyl Health Inc | 股票-其他 | 0.47% | +0.04% | — | |
| 18 | TEN | Tsakos Energy Navigation Limited | 股票-其他 | 0.45% | — | -13.13% | |
| 19 | GERN | Geron CORP | 股票-其他 | 0.42% | -0.16% | +109.86% | |
| 20 | SNDX | Syndax Pharmaceuticals Inc | 股票-其他 | 0.40% | -0.39% | — | |
| 21 | TECX | Tectonic Therapeutic Inc | 股票-其他 | 0.37% | — | +0.50% | |
| 22 | DAWNGBX | Day One Biopharmaceuticals I | 股票-其他 | 0.34% | — | +79.88% | |
| 23 | KURA | Kura Oncology Inc | 股票-其他 | 0.32% | -0.57% | -25.59% | |
| 24 | PPLI | People Inc | 股票-通信服务 | 0.25% | -0.19% | EXIT | |
| 25 | DERM | Journey Medical CORP | 股票-其他 | 0.23% | +0.06% | +94.53% | |
| 26 | OEF | Ishares S&p 100 ETF | ETF-其他 | 0.22% | — | — | |
| 27 | WIX | Wix.com Ltd. | 股票-科技 | 0.22% | — | — | |
| 28 | CMRC | Commerce.com Inc | 股票-其他 | 0.21% | -0.05% | +150.79% | |
| 29 | NVDA | Nvidia CORP | 股票-科技 | 0.14% | — | — | |
| 30 | HRTX | Heron Therapeutics Inc | 股票-其他 | 0.13% | -0.11% | +211.90% | |
| 31 | SGMT | Sagimet Biosciences Inc-a | 股票-其他 | 0.09% | +0.02% | — | |
| 32 | HELP | Cybin Inc | 股票-其他 | 0.08% | +0.01% | — | |
| 33 | ABEO | Abeona Therapeutics Inc | 股票-其他 | 0.06% | +0.01% | — | |
| 34 | ✓ | Adeco Agro | 股票-其他 | 0.05% | — | — | |
| 35 | XFOR | X4 Pharmaceuticals Inc | 股票-其他 | 0.04% | -0.06% | EXIT | |
| 36 | LFCR | Lifecore Biomedical Inc | 股票-其他 | 0.04% | — | +9.94% | |
| 37 | HROW | Harrow Inc | 股票-其他 | 0.04% | — | +45.62% | |
| 38 | PESI | Perma-fix Environmental Svcs | 股票-其他 | 0.04% | +0.01% | -4.53% | |
| 39 | DCTH | Delcath Systems Inc | 股票-其他 | 0.03% | +0.01% | — | |
| 40 | MLYS | Mineralys Therapeutics Inc | 股票-其他 | 0.03% | +0.30% | -98.06% | |
| 41 | CRTO | Criteo Sa-spon Adr | 股票-其他 | 0.03% | — | — | |
| 42 | AGIO | Agios Pharmaceuticals Inc | 股票-其他 | 0.02% | -0.04% | EXIT | |
| 43 | ONIT | Onity Group Inc | 股票-其他 | 0.02% | — | — | |
| 44 | PTHS | Pelthos Therapeutics Inc | 股票-其他 | 0.02% | +0.01% | — | |
| 45 | RARE | Ultragenyx Pharmaceutical In | 股票-其他 | 0.02% | +0.01% | — | |
| 46 | LXEO | Lexeo Therapeutics Inc | 股票-其他 | 0.01% | — | -33.72% | |
| 47 | ✓ | Engene Holdings Inc | 股票-其他 | 0.01% | -0.01% | EXIT | |
| 48 | RLMD | Relmada Therapeutics Inc | 股票-其他 | 0.01% | — | — | |
| 49 | VZLA | Vizsla Silver CORP | 股票-其他 | 0.01% | — | +24.32% | |
| 50 | TARS | Tarsus Pharmaceuticals Inc | 股票-其他 | 0.01% | +0.01% | -65.34% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | ZD | Ziff Davis Inc | +1.2% | +201.11% | 加仓 |
| 2 | LQDA | Liquidia CORP | +0.3% | +57.61% | 加仓 |
| 3 | RGNX | Regenxbio Inc | +0.2% | +95.43% | 加仓 |
| 4 | DAWNGBX | Day One Biopharmaceuticals I | +0.1% | +79.88% | 加仓 |
| 5 | GERN | Geron CORP | +0.1% | +109.86% | 加仓 |
| 6 | HRTX | Heron Therapeutics Inc | +0.1% | +211.90% | 加仓 |
| 7 | DERM | Journey Medical CORP | +0.1% | +94.53% | 加仓 |
| 8 | CMRC | Commerce.com Inc | +0.1% | +150.79% | 加仓 |
| 9 | HROW | Harrow Inc | — | +45.62% | 加仓 |
| 10 | CGEM | Cullinan Therapeutics Inc | — | +32.18% | 加仓 |
| 11 | ✓ | Engene Holdings Inc | — | +39.12% | 加仓 |
| 12 | VZLA | Vizsla Silver CORP | — | +24.32% | 加仓 |
| 13 | NEWP | New Pacific Metals CORP | — | +9.62% | 加仓 |
| 14 | LFCR | Lifecore Biomedical Inc | 0% | +9.94% | 加仓 |
| 15 | PESI | Perma-fix Environmental Svcs | 0% | -4.53% | 减仓 |
| 16 | LRMR | Larimar Therapeutics Inc | 0% | — | 不变 |
| 17 | LXEO | Lexeo Therapeutics Inc | 0% | -33.72% | 减仓 |
| 18 | HELP | Cybin Inc | 0% | — | 不变 |
| 19 | ✓ | Immatics NV | 0% | -52.52% | 减仓 |
| 20 | RZLT | Rezolute Inc | 0% | -20.04% | 减仓 |
| 21 | XFOR | X4 Pharmaceuticals Inc | 0% | -7.33% | 减仓 |
| 22 | ✓ | Adeco Agro | 0% | — | 不变 |
| 23 | TARS | Tarsus Pharmaceuticals Inc | 0% | -65.34% | 减仓 |
| 24 | TECX | Tectonic Therapeutic Inc | -0.1% | +0.50% | 加仓 |
| 25 | GAU | Galiano Gold Inc | -0.3% | +18.91% | 加仓 |
| 26 | KURA | Kura Oncology Inc | -0.3% | -25.59% | 减仓 |
| 27 | IAUX | I-80 Gold CORP | -0.3% | -8.21% | 减仓 |
| 28 | TEN | Tsakos Energy Navigation Limited | -0.4% | -13.13% | 减仓 |
| 29 | ANGI | Angi Inc | -0.6% | +57.32% | 加仓 |
| 30 | ATAI | AtaiBeckley Inc. | -0.6% | -95.76% | 减仓 |
| 31 | CGAU | Centerra Gold Inc | -2.2% | -74.69% | 减仓 |
| 32 | MLYS | Mineralys Therapeutics Inc | -2.2% | -98.06% | 减仓 |
| 33 | DOLE | Dole plc | -3.2% | +9.14% | 加仓 |
| 34 | GRPN | Groupon Inc | -14% | — | 不变 |
| 35 | BTG | B2gold CORP | -15.2% | -21.40% | 减仓 |
| 36 | COIN | Coinbase Global Inc -class A | — | NEW | 新建仓 |
| 37 | TSLA | Tesla Inc | — | NEW | 新建仓 |
| 38 | HOOD | Robinhood Markets Inc - A | — | NEW | 新建仓 |
| 39 | IAG | Iamgold CORP | — | EXIT | 清仓 |
| 40 | NGDN | New Gold Inc | — | EXIT | 清仓 |
| 41 | BAX | Baxter International Inc | — | NEW | 新建仓 |
| 42 | TEVA | Teva Pharmaceutical-sp Adr | — | EXIT | 清仓 |
| 43 | TDOC | Teladoc Health Inc | — | NEW | 新建仓 |
| 44 | CARS | Cars.com Inc | — | NEW | 新建仓 |
| 45 | GUTS | Fractyl Health Inc | — | NEW | 新建仓 |
| 46 | SNDX | Syndax Pharmaceuticals Inc | — | NEW | 新建仓 |
| 47 | NUVB | Nuvation Bio Inc | — | EXIT | 清仓 |
| 48 | PPLI | People Inc | — | NEW | 新建仓 |
| 49 | INSW | International Seaways, Inc. | — | EXIT | 清仓 |
| 50 | OEF | Ishares S&p 100 ETF | — | NEW | 新建仓 |
根据 SEC 官方 Form 13F 申报备案，Pale Fire Capital SE 在 Q4 2025 季度的美股持仓总市值约为 US$14.1亿，共申报了 60 个公开持股仓位。
在 Q4 2025 季度，Pale Fire Capital SE 按市值排列的前三大核心持股分别为：COIN (19.3%)、TSLA (15.7%)、HOOD (12.6%)。其中最大持股仓位 COIN 占据整体投资组合约 19.3% 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
COIN
市值: US$2.9亿
本季最大获利了结 / 清仓标的
IAG
前期市值: US$5082.8万
在 Q4 2025 季度中，Pale Fire Capital SE 共进行了 75 项持仓异动，包含新建仓 25 个仓位、加仓 18 个仓位、减仓 13 个仓位以及清仓 19 个仓位。 其中最大新建仓标的为 COIN。 本季清仓仓位包含 IAG。
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。