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: 0001275228
申报总市值
US$7.2亿
US$7.2亿
97 檔
31.9%
截至 Q4 2025 季度末，Shenkman Capital Management Inc 的美股持仓估值约为 US$7.2亿，全数申报仓位共有 97 档。
在 Q4 2025，Shenkman Capital Management Inc 展现出较为审慎的避险与获利了结姿态。本季共减仓 17 个仓位并完全清仓 13 档持股，调降曝光的仓位数量高于加仓动作。
在资产配置集中度方面，Shenkman Capital Management Inc 的前 5 大核心持股（包含 BKLN, ETSY 0.25 06-15-28, USHY 等）合计占整体申报市值的 31.9%，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 | BKLN | Invesco Senior Loan ETF | ETF-其他 | 6.61% | +3.10% | +51.46% | |
| 2 | ETSY 0.25 06-15-28债券 | Etsy Inc | 债券 | 5.37% | +0.31% | -14.26% | |
| 3 | USHY | Ishares Broad Usd High Yield | ETF-非投资级债 | 5.08% | -0.57% | +298.95% | |
| 4 | SJNK | Ss Spdr Bb St Hi Yield ETF | ETF-其他 | 3.96% | -3.64% | +380.97% | |
| 5 | PSN 2.625 03-01-29债券 | Parsons CORP | 债券 | 3.24% | +2.47% | +176.67% | |
| 6 | UNIT 7.5 12-01-27债券 | Uniti Group Inc | 债券 | 2.83% | -1.10% | EXIT | |
| 7 | DUK 4.125 04-15-26债券 | Duke Energy CORP | 债券 | 2.73% | — | -18.20% | |
| 8 | DBX 0 03-01-28债券 | Dropbox Inc | 债券 | 2.32% | -1.93% | +49.95% | |
| 9 | SMCI 3.5 03-01-29债券 | Super Micro Computer Inc | 债券 | 2.31% | -2.67% | EXIT | |
| 10 | DDOG 0 12-01-29债券 | Datadog Inc | 债券 | 2.05% | -0.87% | — | |
| 11 | BL 1 06-01-29债券 | Blackline Inc | 债券 | 1.92% | -0.20% | +22.47% | |
| 12 | GPN 1.5 03-01-31债券 | Global Payments Inc | 债券 | 1.89% | -1.82% | -20.76% | |
| 13 | BABA 0.5 06-01-31债券 | Alibaba Group Holding | 债券 | 1.82% | -1.75% | EXIT | |
| 14 | ON 0.5 03-01-29债券 | On Semiconductor CORP | 债券 | 1.72% | -2.62% | EXIT | |
| 15 | DOCN 0 12-01-26债券 | Digitalocean Holdings | 债券 | 1.71% | — | -12.14% | |
| 16 | AKAM 1.125 02-15-29债券 | Akamai Technologies Inc | 债券 | 1.66% | -3.74% | EXIT | |
| 17 | MSTR 0 12-01-29债券 | Strategy Inc | 债券 | 1.65% | -2.26% | — | |
| 18 | ITRI 0 03-15-26债券 | Itron Inc | 债券 | 1.64% | — | +104.85% | |
| 19 | FE 4 05-01-26债券 | Firstenergy CORP | 债券 | 1.59% | -0.62% | EXIT | |
| 20 | JD 0.25 06-01-29债券 | Jd.com Inc | 债券 | 1.55% | -0.62% | +23.04% | |
| 21 | VRNS 1 09-15-29债券 | Varonis System Inc | 债券 | 1.55% | -0.32% | -14.23% | |
| 22 | MKSI 1.25 06-01-30债券 | Mks Inc | 债券 | 1.50% | -0.02% | -1.07% | |
| 23 | BAC 0.6 05-25-27 MTN债券 | Bofa Finance LLC | 债券 | 1.49% | -0.27% | -8.24% | |
| 24 | CMS 3.375 05-01-28债券 | Cms Energy CORP | 债券 | 1.32% | +0.01% | -45.54% | |
| 25 | BBIO 2.25 02-01-29债券 | Bridgebio Pharma Inc | 债券 | 1.31% | -0.05% | EXIT | |
| 26 | ENOV 3.875 10-15-28债券 | Enovis CORP | 债券 | 1.29% | — | +12.96% | |
| 27 | RDFN 0.5 04-01-27债券 | Redfin CORP | 债券 | 1.20% | +0.21% | — | |
| 28 | SABHLD 7.32 08-01-26债券 | Sabre Glbl Inc | 债券 | 1.20% | — | -0.21% | |
| 29 | RGEN 1 12-15-28债券 | Repligen CORP | 债券 | 1.19% | +0.45% | +6.81% | |
| 30 | RIVN 3.625 10-15-30债券 | Rivian Auto Inc | 债券 | 1.14% | -0.52% | +78.16% | |
| 31 | FLR 1.125 08-15-29债券 | Fluor CORP | 债券 | 1.13% | -0.03% | -2.39% | |
| 32 | NTNX 0.5 12-15-29债券 | Nutanix Inc | 债券 | 1.12% | +0.61% | — | |
| 33 | TYL 0.25 03-15-26债券 | Tyler Technologies Inc | 债券 | 1.11% | — | +4.25% | |
| 34 | NEE 3 03-01-27债券 | Nextera Energy Capital | 债券 | 1.10% | -1.07% | EXIT | |
| 35 | GBX 2.875 04-15-28债券 | Greenbrier Cos Inc | 债券 | 1.05% | — | -1.17% | |
| 36 | SIRI 3.75 03-15-28债券 | Sirius Xm Holdings | 债券 | 1.03% | — | +6.11% | |
| 37 | TVTX 2.25 03-01-29债券 | Travere Therapeutics Inc | 债券 | 1.03% | -1.50% | EXIT | |
| 38 | TTEK 2.25 08-15-28债券 | Tetra Tech Inc | 债券 | 1.03% | +0.16% | -4.95% | |
| 39 | LIVN 2.5 03-15-29债券 | Livanova PLC | 债券 | 1.00% | — | +4.69% | |
| 40 | ITRI 1.375 07-15-30债券 | Itron Inc | 债券 | 0.94% | +0.03% | -5.45% | |
| 41 | WKC 3.25 07-01-28债券 | World Kinect Group | 债券 | 0.93% | -0.03% | EXIT | |
| 42 | TNDM 1.5 03-15-29 2024债券 | Tandem Diabetes Care Inc | 债券 | 0.88% | — | +6.66% | |
| 43 | SEI 0.25 10-01-31债券 | Solaris Energy Infrastru | 债券 | 0.87% | — | — | |
| 44 | VAC 3.25 12-15-27债券 | Marriott Vacation Worldw | 债券 | 0.86% | +0.29% | -7.20% | |
| 45 | BOX 1.5 09-15-29债券 | Box Inc | 债券 | 0.84% | -0.45% | EXIT | |
| 46 | EVRG 4.5 12-15-27债券 | Evergy Inc | 债券 | 0.83% | -0.97% | EXIT | |
| 47 | VERX 0.75 05-01-29债券 | Vertex Inc | 债券 | 0.82% | — | -10.77% | |
| 48 | ALHC 4.25 11-15-29债券 | Alignment Healthcare | 债券 | 0.81% | -0.52% | EXIT | |
| 49 | ORA 2.5 07-15-27债券 | Ormat Technologies Inc | 债券 | 0.80% | — | -28.27% | |
| 50 | WK 1.25 08-15-28债券 | Workiva Inc | 债券 | 0.79% | — | +5.76% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | USHY | Ishares Broad Usd High Yield | +3.9% | +298.95% | 加仓 |
| 2 | SJNK | Ss Spdr Bb St Hi Yield ETF | +3.2% | +380.97% | 加仓 |
| 3 | BKLN | Invesco Senior Loan ETF | +2.7% | +51.46% | 加仓 |
| 4 | PSN 2.625 03-01-29债券 | Parsons CORP | +2.1% | +176.67% | 加仓 |
| 5 | BABA 0.5 06-01-31债券 | Alibaba Group Holding | +1.6% | +633.42% | 加仓 |
| 6 | AKAM 1.125 02-15-29债券 | Akamai Technologies Inc | +1.3% | +299.08% | 加仓 |
| 7 | SMCI 3.5 03-01-29债券 | Super Micro Computer Inc | +0.9% | +65.48% | 加仓 |
| 8 | ITRI 0 03-15-26债券 | Itron Inc | +0.8% | +104.85% | 加仓 |
| 9 | DBX 0 03-01-28债券 | Dropbox Inc | +0.8% | +49.95% | 加仓 |
| 10 | RIVN 3.625 10-15-30债券 | Rivian Auto Inc | +0.6% | +78.16% | 加仓 |
| 11 | BBIO 2.25 02-01-29债券 | Bridgebio Pharma Inc | +0.6% | +58.86% | 加仓 |
| 12 | GPN 1.5 03-01-31债券 | Global Payments Inc | -0.4% | -20.76% | 减仓 |
| 13 | ETSY 0.25 06-15-28债券 | Etsy Inc | -0.4% | -14.26% | 减仓 |
| 14 | VRNS 1 09-15-29债券 | Varonis System Inc | -0.4% | -14.23% | 减仓 |
| 15 | VTR 3.75 06-01-26债券 | Ventas Realty LP | -0.5% | -65.77% | 减仓 |
| 16 | UBER 0.875 12-01-28 2028债券 | Uber Technologies Inc | -0.5% | -54.93% | 减仓 |
| 17 | POST 2.5 08-15-27债券 | Post Holdings Inc | -0.5% | -46.91% | 减仓 |
| 18 | DUK 4.125 04-15-26债券 | Duke Energy CORP | -0.5% | -18.20% | 减仓 |
| 19 | BOX 1.5 09-15-29债券 | Box Inc | -0.6% | -41.74% | 减仓 |
| 20 | F 0 03-15-26债券 | Ford Motor Company | -0.8% | -81.37% | 减仓 |
| 21 | BSY 0.125 01-15-26债券 | Bentley Systems Inc | -0.9% | -64.78% | 减仓 |
| 22 | NBR 1.75 06-15-29债券 | Nabors Industries Inc | -1% | -97.67% | 减仓 |
| 23 | HAE 2.5 06-01-29债券 | Haemonetics CORP | -1% | -89.10% | 减仓 |
| 24 | CMS 3.375 05-01-28债券 | Cms Energy CORP | -1% | -45.54% | 减仓 |
| 25 | JAZZ 3.125 09-15-30债券 | Jazz Investments I LTD | -1% | -83.22% | 减仓 |
| 26 | MCHP 0.75 06-01-30债券 | Microchip Technology Inc | -1.1% | -73.58% | 减仓 |
| 27 | UNIT 7.5 12-01-27债券 | Uniti Group Inc | -1.4% | -38.28% | 减仓 |
| 28 | SO 4.5 06-15-27债券 | Southern Co | -1.8% | -76.55% | 减仓 |
| 29 | SNAP 0.5 05-01-30债券 | Snap Inc | — | EXIT | 清仓 |
| 30 | DDOG 0 12-01-29债券 | Datadog Inc | — | NEW | 新建仓 |
| 31 | MSTR 0 12-01-29债券 | Strategy Inc | — | NEW | 新建仓 |
| 32 | GH 1.25 02-15-31债券 | Guardant Health Inc | — | EXIT | 清仓 |
| 33 | ECHO 3.875 11-30-30债券 | Echostar CORP | — | EXIT | 清仓 |
| 34 | CSGS 3.875 09-15-28债券 | Csg Systems Internationa | — | EXIT | 清仓 |
| 35 | NTNX 0.5 12-15-29债券 | Nutanix Inc | — | NEW | 新建仓 |
| 36 | FOUR 0.5 08-01-27债券 | Shift4 Payments Inc | — | EXIT | 清仓 |
| 37 | PRGS 3.5 03-01-30债券 | Progress Software CORP | — | EXIT | 清仓 |
| 38 | SEI 0.25 10-01-31债券 | Solaris Energy Infrastru | — | NEW | 新建仓 |
| 39 | ALHC 4.25 11-15-29债券 | Alignment Healthcare | — | NEW | 新建仓 |
| 40 | IONS 1.75 06-15-28债券 | Ionis Pharmaceuticals In | — | EXIT | 清仓 |
| 41 | UBER 0 12-15-25债券 | Uber Technologies Inc | — | EXIT | 清仓 |
| 42 | UGI 5 06-01-28债券 | Ugi CORP | — | EXIT | 清仓 |
| 43 | GWRE 1.25 11-01-29债券 | Guidewire Software Inc | — | NEW | 新建仓 |
| 44 | SYNA 0.75 12-01-31债券 | Synaptics Inc | — | NEW | 新建仓 |
| 45 | MTH 1.75 05-15-28债券 | Meritage Homes CORP | — | EXIT | 清仓 |
| 46 | LYV 2.875 01-15-30债券 | Live Nation Entertainmen | — | NEW | 新建仓 |
| 47 | FLNC 2.25 06-15-30债券 | Fluence Energy Inc | — | NEW | 新建仓 |
| 48 | RIG 4.625 09-30-29 *债券 | Transocean Interntnl LTD | — | EXIT | 清仓 |
| 49 | AWK 3.625 06-15-26债券 | American Water Capital C | — | EXIT | 清仓 |
| 50 | TDOC 1.25 06-01-27债券 | Teladoc Health Inc | — | EXIT | 清仓 |
根据 SEC 官方 Form 13F 申报备案，Shenkman Capital Management Inc 在 Q4 2025 季度的美股持仓总市值约为 US$7.2亿，共申报了 97 个公开持股仓位。
在 Q4 2025 季度，Shenkman Capital Management Inc 按市值排列的前三大核心持股分别为：BKLN (6.6%)、ETSY 0.25 06-15-28 (5.4%)、USHY (5.1%)。其中最大持股仓位 BKLN 占据整体投资组合约 6.6% 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
DDOG 0 12-01-29
市值: US$1940.5万
本季最大获利了结 / 清仓标的
SNAP 0.5 05-01-30
前期市值: US$2455.3万
在 Q4 2025 季度中，Shenkman Capital Management Inc 共进行了 50 项持仓异动，包含新建仓 9 个仓位、加仓 11 个仓位、减仓 17 个仓位以及清仓 13 个仓位。 其中最大新建仓标的为 DDOG 0 12-01-29。 本季清仓仓位包含 SNAP 0.5 05-01-30。
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。