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: 0001521001
申报总市值
US$588.7亿
US$588.7亿
820 檔
33.8%
Q4 2025 季度申报显示，Parallax Volatility Advisers, L.P. 披露的美股组合总市值为 US$588.7亿，涵盖 820 个不同之权益投资仓位。
Parallax Volatility Advisers, L.P. 在 Q4 2025 进行了结构性的板块轮动与仓位换股。在开立 8 个全新仓位及加仓 102 档持股的同时，亦同步清仓 11 档并减仓 79 档标的。
在资产配置集中度方面，Parallax Volatility Advisers, L.P. 的前 5 大核心持股（包含 SPY, QQQ, IWM 等）合计占整体申报市值的 33.8%，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 820 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 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股与成长 | 21.36% | +18.22% | -55.73% | |
| 2 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 8.34% | +4.37% | -35.56% | |
| 3 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 3.23% | -1.25% | -37.34% | |
| 4 | TSLA | Tesla Inc | 股票-周期性消费 | 3.20% | -0.32% | +12.47% | |
| 5 | XLF | Ss Financial Select Sector | ETF-其他 | 3.13% | -2.28% | +21.85% | |
| 6 | NVDA | Nvidia CORP | 股票-科技 | 2.53% | -0.30% | -19.34% | |
| 7 | META | Meta Platforms Inc-class A | 股票-通信服务 | 2.34% | -1.13% | -12.13% | |
| 8 | GLD | Spdr Gold Shares | ETF-避险与商品 | 2.20% | +0.08% | -52.03% | |
| 9 | GOOGL | Alphabet Inc-cl A | 股票-通信服务 | 1.53% | -0.24% | -4.90% | |
| 10 | AAPL | Apple Inc | 股票-科技 | 1.52% | -0.73% | +6.63% | |
| 11 | AVGO | Broadcom Inc | 股票-科技 | 1.25% | -0.12% | -16.92% | |
| 12 | AXP | American Express Co | 股票-金融 | 1.14% | -0.13% | +91.51% | |
| 13 | SMH | Vaneck Semiconductor ETF | ETF-其他 | 1.12% | +0.17% | -1.44% | |
| 14 | AMZN | Amazon.com Inc | 股票-周期性消费 | 0.99% | -0.69% | -17.43% | |
| 15 | MSFT | Microsoft CORP | 股票-科技 | 0.96% | -0.30% | +53.01% | |
| 16 | SLV | Ishares Silver Trust | ETF-避险与商品 | 0.90% | -0.38% | +220.79% | |
| 17 | ORCL | Oracle CORP | 股票-科技 | 0.89% | -0.39% | +117.47% | |
| 18 | BA | Boeing Co/the | 股票-工业 | 0.76% | -0.20% | -15.56% | |
| 19 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 0.71% | -0.19% | -27.44% | |
| 20 | EEM | Ishares Msci Emerging Market | ETF-新兴市场 | 0.66% | -0.28% | -27.45% | |
| 21 | BABA | Alibaba Group Holding-sp Adr | 股票-周期性消费 | 0.65% | -0.31% | +24.88% | |
| 22 | EFA | Ishares Msci Eafe ETF | ETF-其他 | 0.65% | -0.05% | +236.23% | |
| 23 | V | Visa Inc-class A Shares | 股票-金融 | 0.63% | -0.15% | +9.53% | |
| 24 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.63% | -0.31% | +46.42% | |
| 25 | CVNA | Carvana Co | 股票-周期性消费 | 0.62% | -0.11% | -10.81% | |
| 26 | GOOG | Alphabet Inc-cl C | 股票-通信服务 | 0.60% | -0.09% | +9.96% | |
| 27 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.60% | -0.32% | +75.73% | |
| 28 | C | Citigroup Inc | 股票-金融 | 0.59% | -0.46% | +20.65% | |
| 29 | MSTR | Strategy Inc | 股票-科技 | 0.59% | -0.57% | +31.64% | |
| 30 | BAC | Bank Of America CORP | 股票-金融 | 0.56% | -0.37% | +27.79% | |
| 31 | XLE | Ss Energy Select Sector | ETF-其他 | 0.55% | -0.63% | +105.01% | |
| 32 | NFLX | Netflix Inc | 股票-通信服务 | 0.54% | -0.29% | +1301.49% | |
| 33 | COIN | Coinbase Global Inc -class A | 股票-金融 | 0.53% | -0.27% | -4.54% | |
| 34 | UBER | Uber Technologies Inc | 股票-工业 | 0.49% | -0.22% | +16.24% | |
| 35 | IBIT | Ishares Bitcoin Trust ETF | ETF-加密货币 | 0.48% | -0.58% | +150.47% | |
| 36 | APO | Apollo Global Management Inc | 股票-金融 | 0.47% | -0.07% | +26.90% | |
| 37 | CRWV | Coreweave Inc-cl A | 股票-科技 | 0.47% | -0.62% | +385.17% | |
| 38 | MU | Micron Technology Inc | 股票-科技 | 0.45% | +0.36% | +23.03% | |
| 39 | AMD | Advanced Micro Devices | 股票-科技 | 0.45% | +0.16% | -22.35% | |
| 40 | AAL | American Airlines Group Inc | 股票-工业 | 0.44% | -0.05% | -10.91% | |
| 41 | HOOD | Robinhood Markets Inc - A | 股票-金融 | 0.43% | -0.03% | +39.37% | |
| 42 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-非投资级债 | 0.41% | -0.80% | -34.90% | |
| 43 | UNH | Unitedhealth Group Inc | 股票-医疗保健 | 0.39% | +0.02% | +126.54% | |
| 44 | SNOW | Snowflake Inc | 股票-科技 | 0.38% | +0.01% | +55.73% | |
| 45 | MS | Morgan Stanley | 股票-金融 | 0.35% | -0.12% | -1.34% | |
| 46 | VST | Vistra CORP | 股票-公用事业 | 0.34% | -0.06% | +50.45% | |
| 47 | GEV | GE Vernova Inc | 股票-工业 | 0.34% | -0.09% | +42.95% | |
| 48 | WFC | Wells Fargo & Co | 股票-金融 | 0.33% | -0.05% | +16.19% | |
| 49 | QCOM | Qualcomm Inc | 股票-科技 | 0.33% | +0.12% | -20.65% | |
| 50 | TTWO | Take-two Interactive Softwre | 股票-通信服务 | 0.32% | +0.04% | +118.37% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | XLF | Ss Financial Select Sector | +1.2% | +21.85% | 加仓 |
| 2 | TSLA | Tesla Inc | +1% | +12.47% | 加仓 |
| 3 | SLV | Ishares Silver Trust | +0.8% | +220.79% | 加仓 |
| 4 | AXP | American Express Co | +0.7% | +91.51% | 加仓 |
| 5 | GOOGL | Alphabet Inc-cl A | +0.6% | -4.90% | 减仓 |
| 6 | EFA | Ishares Msci Eafe ETF | +0.5% | +236.23% | 加仓 |
| 7 | AAPL | Apple Inc | +0.5% | +6.63% | 加仓 |
| 8 | MSFT | Microsoft CORP | +0.5% | +53.01% | 加仓 |
| 9 | ORCL | Oracle CORP | +0.4% | +117.47% | 加仓 |
| 10 | BRK-B | Berkshire Hathaway Inc-cl B | +0.3% | +75.73% | 加仓 |
| 11 | CRWV | Coreweave Inc-cl A | +0.3% | +385.17% | 加仓 |
| 12 | SMH | Vaneck Semiconductor ETF | +0.3% | -1.44% | 减仓 |
| 13 | JPM | Jpmorgan Chase & Co | +0.3% | +46.42% | 加仓 |
| 14 | IBIT | Ishares Bitcoin Trust ETF | +0.3% | +150.47% | 加仓 |
| 15 | MU | Micron Technology Inc | +0.3% | +23.03% | 加仓 |
| 16 | VRT | Vertiv Holdings Co-a | +0.3% | +583.65% | 加仓 |
| 17 | GOOG | Alphabet Inc-cl C | +0.3% | +9.96% | 加仓 |
| 18 | C | Citigroup Inc | +0.3% | +20.65% | 加仓 |
| 19 | UNH | Unitedhealth Group Inc | +0.3% | +126.54% | 加仓 |
| 20 | BAC | Bank Of America CORP | +0.2% | +27.79% | 加仓 |
| 21 | IBM | Intl Business Machines CORP | +0.2% | +785.50% | 加仓 |
| 22 | WMT | Walmart Inc | +0.2% | +178.18% | 加仓 |
| 23 | APO | Apollo Global Management Inc | +0.2% | +26.90% | 加仓 |
| 24 | V | Visa Inc-class A Shares | +0.2% | +9.53% | 加仓 |
| 25 | TTWO | Take-two Interactive Softwre | +0.2% | +118.37% | 加仓 |
| 26 | TLT | Ishares 20+ Year Treasury Bd | +0.2% | +283.22% | 加仓 |
| 27 | SNOW | Snowflake Inc | +0.2% | +55.73% | 加仓 |
| 28 | GEV | GE Vernova Inc | +0.2% | +42.95% | 加仓 |
| 29 | FCX | Freeport-mcmoran Inc | +0.2% | +179.86% | 加仓 |
| 30 | AAL | American Airlines Group Inc | +0.2% | -10.91% | 减仓 |
| 31 | NFLX | Netflix Inc | +0.2% | +1301.49% | 加仓 |
| 32 | AVGO | Broadcom Inc | +0.2% | -16.92% | 减仓 |
| 33 | CMG | Chipotle Mexican Grill Inc | +0.2% | +255.89% | 加仓 |
| 34 | DDOG | Datadog Inc - Class A | +0.1% | +100.23% | 加仓 |
| 35 | CVX | Chevron CORP | +0.1% | +236.72% | 加仓 |
| 36 | WFC | Wells Fargo & Co | +0.1% | +16.19% | 加仓 |
| 37 | VST | Vistra CORP | +0.1% | +50.45% | 加仓 |
| 38 | HOOD | Robinhood Markets Inc - A | +0.1% | +39.37% | 加仓 |
| 39 | NVDA | Nvidia CORP | +0.1% | -19.34% | 减仓 |
| 40 | WULF | Terawulf Inc | +0.1% | +86.73% | 加仓 |
| 41 | XOM | Exxon Mobil CORP | +0.1% | +18.10% | 加仓 |
| 42 | AMZN | Amazon.com Inc | +0.1% | -17.43% | 减仓 |
| 43 | MS | Morgan Stanley | +0.1% | -1.34% | 减仓 |
| 44 | TFC | Truist Financial CORP | +0.1% | +7084.26% | 加仓 |
| 45 | SHOP | Shopify Inc - Class A | +0.1% | +93.43% | 加仓 |
| 46 | CSCO | Cisco Systems Inc | +0.1% | +29.30% | 加仓 |
| 47 | GS | Goldman Sachs Group Inc | +0.1% | +2.45% | 加仓 |
| 48 | DIA | Ss Spdr Dow Jones Indus Avg | +0.1% | +220.10% | 加仓 |
| 49 | SLB | Slb LTD | +0.1% | +94.34% | 加仓 |
| 50 | RIVN | Rivian Automotive Inc-a | +0.1% | +63.33% | 加仓 |
根据 SEC 官方 Form 13F 申报备案，Parallax Volatility Advisers, L.P. 在 Q4 2025 季度的美股持仓总市值约为 US$588.7亿，共申报了 820 个公开持股仓位。
在 Q4 2025 季度，Parallax Volatility Advisers, L.P. 按市值排列的前三大核心持股分别为：SPY (21.4%)、QQQ (8.3%)、IWM (3.2%)。其中最大持股仓位 SPY 占据整体投资组合约 21.4% 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
ARES
市值: US$3988.4万
本季最大获利了结 / 清仓标的
AXON 0.5 12-15-27
前期市值: US$3135.0万
在 Q4 2025 季度中，Parallax Volatility Advisers, L.P. 共进行了 200 项持仓异动，包含新建仓 8 个仓位、加仓 102 个仓位、减仓 79 个仓位以及清仓 11 个仓位。 其中最大新建仓标的为 ARES。 本季清仓仓位包含 AXON 0.5 12-15-27。
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。