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: 0001278960
申报总市值
US$9.2亿
US$9.2亿
56 檔
18.9%
Q4 2025 季度申报显示，Silverback Asset Management LLC 披露的美股组合总市值为 US$9.2亿，涵盖 56 个不同之权益投资仓位。
在 Q4 2025，Silverback Asset Management LLC 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 21 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，Silverback Asset Management LLC 的前 5 大核心持股（包含 STX 3.5 06-01-28, COIN 0.5 06-01-26, MTCH 0.875 06-15-26 等）合计占整体申报市值的 18.9%，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 | STX 3.5 06-01-28债券 | Seagate Hdd Cayman | 债券 | 7.59% | — | — | |
| 2 | COIN 0.5 06-01-26债券 | Coinbase Global Inc | 债券 | 4.81% | — | +38.99% | |
| 3 | MTCH 0.875 06-15-26债券 | Match Group Financeco 2 | 债券 | 4.53% | -3.49% | EXIT | |
| 4 | BBIO 2.25 02-01-29债券 | Bridgebio Pharma Inc | 债券 | 4.44% | -1.19% | +185.19% | |
| 5 | TYL 0.25 03-15-26债券 | Tyler Technologies Inc | 债券 | 4.18% | — | -3.23% | |
| 6 | ON 0 05-01-27债券 | On Semiconductor CORP | 债券 | 4.11% | -4.16% | EXIT | |
| 7 | JBTM 0.25 05-15-26债券 | Jbt Marel CORP | 债券 | 4.09% | — | — | |
| 8 | VSH 2.25 09-15-30债券 | Vishay Intertechnology | 债券 | 3.93% | -2.99% | +31.31% | |
| 9 | COLL 2.875 02-15-29债券 | Collegium Pharma Inc | 债券 | 3.78% | +0.32% | +23.65% | |
| 10 | UBER 0.875 12-01-28 2028债券 | Uber Technologies Inc | 债券 | 3.61% | -1.37% | +15.15% | |
| 11 | EVRG 4.5 12-15-27债券 | Evergy Inc | 债券 | 3.58% | — | — | |
| 12 | VRNS 1 09-15-29债券 | Varonis System Inc | 债券 | 3.12% | -1.15% | — | |
| 13 | PRCH 9 05-15-30债券 | Porch Group Inc | 债券 | 2.90% | -0.07% | -10.26% | |
| 14 | EZPW 3.75 12-15-29债券 | Ezcorp Inc | 债券 | 2.59% | — | — | |
| 15 | SMTC 1.625 11-01-27债券 | Semtech CORP | 债券 | 2.29% | +4.48% | -3.75% | |
| 16 | PENG 2 08-15-30债券 | Penguin Solutions Inc | 债券 | 2.27% | -0.57% | EXIT | |
| 17 | NTNX 0.25 10-01-27债券 | Nutanix Inc | 债券 | 2.06% | -0.80% | -16.67% | |
| 18 | EXAS 0.375 03-01-28债券 | Exact Sciences CORP | 债券 | 2.03% | — | — | |
| 19 | PRCH 6.75 10-01-28债券 | Porch Group Inc | 债券 | 1.93% | -1.15% | +5.51% | |
| 20 | WOLF 2.5 06-15-31债券 | Wolfspeed Inc | 债券 | 1.85% | +1.32% | — | |
| 21 | PCRX 2.125 05-15-29债券 | Pacira Biosciences Inc | 债券 | 1.81% | — | +6.51% | |
| 22 | AEIS 2.5 09-15-28债券 | Advanced Energy Ind | 债券 | 1.80% | — | — | |
| 23 | AKAM 0.375 09-01-27债券 | Akamai Technologies Inc | 债券 | 1.77% | +0.42% | — | |
| 24 | ALNY 0 09-15-28债券 | Alnylam Pharmaceuticals | 债券 | 1.76% | -2.02% | EXIT | |
| 25 | OMCL 1 12-01-29债券 | Omnicell Inc | 债券 | 1.74% | -0.70% | — | |
| 26 | PTON 5.5 12-01-29债券 | Peloton Interactive Inc | 债券 | 1.73% | -0.26% | EXIT | |
| 27 | LCID | Lucid Group Inc | 股票-周期性消费 | 1.69% | -0.30% | — | |
| 28 | HALO 0.25 03-01-27债券 | Halozyme Therapeutics In | 债券 | 1.55% | -0.32% | — | |
| 29 | EVH 3.5 12-01-29债券 | Evolent Health Inc | 债券 | 1.52% | +0.04% | +24.00% | |
| 30 | FIVN 1 03-15-29债券 | Five9 Inc | 债券 | 1.52% | — | -31.29% | |
| 31 | BAND 0.5 04-01-28债券 | Bandwidth Inc | 债券 | 1.35% | — | -16.00% | |
| 32 | VRM | Vroom Inc | 股票-其他 | 1.24% | -0.46% | +2.54% | |
| 33 | AMPH 2 03-15-29债券 | Amphastar Pharmaceutical | 债券 | 1.23% | -0.66% | EXIT | |
| 34 | HLIT | Harmonic Inc | 股票-其他 | 0.94% | +0.10% | -3.65% | |
| 35 | EGHT 4 02-01-28债券 | 8x8 Inc | 债券 | 0.91% | — | -28.29% | |
| 36 | EVH 4.5 08-15-31债券 | Evolent Health Inc | 债券 | 0.84% | -0.08% | -19.71% | |
| 37 | ECHO 3.875 11-30-30债券 | Echostar CORP | 债券 | 0.83% | — | -79.03% | |
| 38 | NOTV 3.25 10-15-27债券 | Inotiv Inc | 债券 | 0.60% | -0.52% | — | |
| 39 | FLR 1.125 08-15-29债券 | Fluor CORP | 债券 | 0.57% | — | -72.32% | |
| 40 | INDI | Indie Semiconductor Inc-a | 股票-其他 | 0.47% | -0.05% | EXIT | |
| 41 | QI 6.75 03-22-13 ADS债券 | Qimonda Finance LLC | 债券 | 0.46% | -0.11% | — | |
| 42 | CRNC 1.5 07-01-28债券 | Cerence Inc | 债券 | 0.45% | — | -75.09% | |
| 43 | AVAV | Aerovironment Inc | 股票-工业 | 0.43% | -0.10% | — | |
| 44 | PCG 6 12-01-27 A债券 | Pg&e CORP | 债券 | 0.42% | — | -33.33% | |
| 45 | ARRY | Array Technologies Inc | 股票-其他 | 0.40% | — | — | |
| 46 | CORZ | Core Scientific Inc | 股票-科技 | 0.34% | +0.02% | — | |
| 47 | NEO | Neogenomics Inc | 股票-医疗保健 | 0.28% | -0.18% | EXIT | |
| 48 | LPSN | Liveperson Inc | 股票-其他 | 0.27% | -0.08% | — | |
| 49 | ASTS | Ast Spacemobile Inc | 股票-科技 | 0.26% | -0.06% | -81.78% | |
| 50 | GOSS | Gossamer Bio Inc | 股票-其他 | 0.23% | -0.02% | EXIT |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | BBIO 2.25 02-01-29债券 | Bridgebio Pharma Inc | +3.5% | +185.19% | 加仓 |
| 2 | STX 3.5 06-01-28债券 | Seagate Hdd Cayman | +3.3% | — | 不变 |
| 3 | ON 0 05-01-27债券 | On Semiconductor CORP | +2.3% | +42.24% | 加仓 |
| 4 | COIN 0.5 06-01-26债券 | Coinbase Global Inc | +2.3% | +38.99% | 加仓 |
| 5 | COLL 2.875 02-15-29债券 | Collegium Pharma Inc | +2.1% | +23.65% | 加仓 |
| 6 | VSH 2.25 09-15-30债券 | Vishay Intertechnology | +2% | +31.31% | 加仓 |
| 7 | MTCH 0.875 06-15-26债券 | Match Group Financeco 2 | +1.8% | +8.26% | 加仓 |
| 8 | JBTM 0.25 05-15-26债券 | Jbt Marel CORP | +1.5% | — | 不变 |
| 9 | UBER 0.875 12-01-28 2028债券 | Uber Technologies Inc | +1.3% | +15.15% | 加仓 |
| 10 | EVRG 4.5 12-15-27债券 | Evergy Inc | +1.2% | — | 不变 |
| 11 | TYL 0.25 03-15-26债券 | Tyler Technologies Inc | +1.1% | -3.23% | 减仓 |
| 12 | SMTC 1.625 11-01-27债券 | Semtech CORP | +0.8% | -3.75% | 减仓 |
| 13 | PCRX 2.125 05-15-29债券 | Pacira Biosciences Inc | +0.7% | +6.51% | 加仓 |
| 14 | PRCH 6.75 10-01-28债券 | Porch Group Inc | +0.7% | +5.51% | 加仓 |
| 15 | EVH 3.5 12-01-29债券 | Evolent Health Inc | +0.6% | +24.00% | 加仓 |
| 16 | PENG 2 08-15-30债券 | Penguin Solutions Inc | +0.5% | -3.20% | 减仓 |
| 17 | AMPH 2 03-15-29债券 | Amphastar Pharmaceutical | +0.4% | -9.27% | 减仓 |
| 18 | BAND 0.5 04-01-28债券 | Bandwidth Inc | +0.3% | -16.00% | 减仓 |
| 19 | HLIT | Harmonic Inc | +0.3% | -3.65% | 减仓 |
| 20 | PTON 5.5 12-01-29债券 | Peloton Interactive Inc | +0.2% | — | 不变 |
| 21 | NOTV 3.25 10-15-27债券 | Inotiv Inc | +0.2% | — | 不变 |
| 22 | VRM | Vroom Inc | +0.2% | +2.54% | 加仓 |
| 23 | QI 6.75 03-22-13 ADS债券 | Qimonda Finance LLC | +0.1% | — | 不变 |
| 24 | NEO | Neogenomics Inc | +0.1% | -17.99% | 减仓 |
| 25 | INDI | Indie Semiconductor Inc-a | +0.1% | — | 不变 |
| 26 | PRCH 9 05-15-30债券 | Porch Group Inc | +0.1% | -10.26% | 减仓 |
| 27 | FIVN 1 03-15-29债券 | Five9 Inc | +0.1% | -31.29% | 减仓 |
| 28 | EGHT 4 02-01-28债券 | 8x8 Inc | +0.1% | -28.29% | 减仓 |
| 29 | GOSS | Gossamer Bio Inc | +0.1% | — | 不变 |
| 30 | NTNX 0.25 10-01-27债券 | Nutanix Inc | +0.1% | -16.67% | 减仓 |
| 31 | STNG | Scorpio Tankers Inc. | +0.1% | — | 不变 |
| 32 | PCG 6 12-01-27 A债券 | Pg&e CORP | 0% | -33.33% | 减仓 |
| 33 | ARAY | Accuray Inc | 0% | +43.76% | 加仓 |
| 34 | MX | Magnachip Semiconductor CORP | 0% | — | 不变 |
| 35 | KPTI | Karyopharm Therapeutics Inc | 0% | — | 不变 |
| 36 | EVH 4.5 08-15-31债券 | Evolent Health Inc | -0.1% | -19.71% | 减仓 |
| 37 | ASTS | Ast Spacemobile Inc | -0.4% | -81.78% | 减仓 |
| 38 | CRNC 1.5 07-01-28债券 | Cerence Inc | -0.6% | -75.09% | 减仓 |
| 39 | LCID | Lucid Group Inc | -0.8% | — | 不变 |
| 40 | FLR 1.125 08-15-29债券 | Fluor CORP | -0.8% | -72.32% | 减仓 |
| 41 | ECHO 3.875 11-30-30债券 | Echostar CORP | -1.1% | -79.03% | 减仓 |
| 42 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | — | EXIT | 清仓 |
| 43 | ASTS 4.25 03-01-32债券 | Ast Spacemobile Inc | — | EXIT | 清仓 |
| 44 | WDC 3 11-15-28债券 | Western Digital CORP | — | EXIT | 清仓 |
| 45 | F 0 03-15-26债券 | Ford Motor Company | — | EXIT | 清仓 |
| 46 | IWM | Ishares Russell 2000 ETF | — | EXIT | 清仓 |
| 47 | LYV 3.125 01-15-29债券 | Live Nation Entertainmen | — | EXIT | 清仓 |
| 48 | VRNS 1 09-15-29债券 | Varonis System Inc | — | NEW | 新建仓 |
| 49 | VIAV 1.625 03-15-26债券 | Viavi Solutions Inc | — | EXIT | 清仓 |
| 50 | EZPW 3.75 12-15-29债券 | Ezcorp Inc | — | NEW | 新建仓 |
根据 SEC 官方 Form 13F 申报备案，Silverback Asset Management LLC 在 Q4 2025 季度的美股持仓总市值约为 US$9.2亿，共申报了 56 个公开持股仓位。
在 Q4 2025 季度，Silverback Asset Management LLC 按市值排列的前三大核心持股分别为：STX 3.5 06-01-28 (7.6%)、COIN 0.5 06-01-26 (4.8%)、MTCH 0.875 06-15-26 (4.5%)。其中最大持股仓位 STX 3.5 06-01-28 占据整体投资组合约 7.6% 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
VRNS 1 09-15-29
市值: US$2133.4万
本季最大获利了结 / 清仓标的
HYG
前期市值: US$2.1亿
在 Q4 2025 季度中，Silverback Asset Management LLC 共进行了 65 项持仓异动，包含新建仓 15 个仓位、加仓 12 个仓位、减仓 17 个仓位以及清仓 21 个仓位。 其中最大新建仓标的为 VRNS 1 09-15-29。 本季清仓仓位包含 HYG。
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。