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: 0001860998
申报总市值
US$4.7亿
US$4.7亿
149 檔
28.9%
根据最新整理的 13F 季度数据集，Skaana Management L.P. 于 Q4 2025 结束时的管理资产规模为 US$4.7亿。该机构在本季度申报了 149 档美股持仓，呈现出该时期的主要投资地图。
Skaana Management L.P. 在 Q4 2025 进行了结构性的板块轮动与仓位换股。在开立 35 个全新仓位及加仓 23 档持股的同时，亦同步清仓 34 档并减仓 29 档标的。
在资产配置集中度方面，Skaana Management L.P. 的前 5 大核心持股（包含 CORZW, ASTS, CNP 3.36916 09-15-29 等）合计占整体申报市值的 28.9%，反映机构在主要关键仓位上的权重分布。
本季最大新建仓标的
SPY
市值: US$1500.2万
本季最大获利了结 / 清仓标的
UBER 0 12-15-25
前期市值: US$488.1万
| # | 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 | CORZW | Core Scientific Inc - 27 | 股票-其他 | 13.84% | +9.69% | +44.45% | |
| 2 | ASTS | Ast Spacemobile Inc | 股票-科技 | 11.89% | -1.33% | -2.45% | |
| 3 | CNP 3.36916 09-15-29债券 | Centerpoint Energy Inc | 债券 | 9.28% | -7.37% | EXIT | |
| 4 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股与成长 | 4.86% | +0.86% | — | |
| 5 | LCID | Lucid Group Inc | 股票-周期性消费 | 3.63% | -0.49% | +4.05% | |
| 6 | EOSE | Eos Energy Enterprises Inc | 股票-其他 | 3.59% | -0.18% | -39.29% | |
| 7 | OXY-WS | Occidental Petroleum-cw27 | 股票-其他 | 2.71% | -5.77% | -11.88% | |
| 8 | BBAI | Bigbear.ai Holdings Inc | 股票-科技 | 2.66% | -0.38% | -40.06% | |
| 9 | BTU | Peabody Energy CORP | 股票-能源 | 2.61% | -0.09% | +0.22% | |
| 10 | CORZ | Core Scientific Inc | 股票-科技 | 2.11% | -0.18% | +38.79% | |
| 11 | APO | Apollo Global Management Inc | 股票-金融 | 2.08% | -0.04% | EXIT | |
| 12 | EPR 5.75 PERP C债券 | Epr Properties | 债券 | 1.99% | +0.38% | -66.34% | |
| 13 | AAUC 8.75 09-07-28债券 | Allied Gold CORP | 债券 | 1.94% | -3.50% | +300.00% | |
| 14 | ✓ | 股票-其他 | 1.73% | -0.17% | -19.49% | ||
| 15 | STWD 6.75 07-15-27债券 | Starwood Property Trust | 债券 | 1.57% | -0.49% | -16.80% | |
| 16 | BYND 7 10-15-30债券 | Beyond Meat Inc | 债券 | 1.51% | -0.86% | — | |
| 17 | JBLU 2.5 09-01-29债券 | Jetblue Airways CORP | 债券 | 1.48% | -0.68% | — | |
| 18 | CLSK 0 02-15-32债券 | Cleanspark Inc | 债券 | 1.47% | -0.37% | — | |
| 19 | GPGI | Gpgi Inc | 股票-其他 | 1.41% | — | -17.42% | |
| 20 | ✓ | Webull CORP | 股票-其他 | 1.21% | -0.10% | -23.01% | |
| 21 | PLUG 6.75 12-01-33债券 | Plug Power Inc | 债券 | 1.13% | -0.36% | — | |
| 22 | REAL 4 02-15-31债券 | THE Realreal Inc | 债券 | 1.10% | +0.38% | NEW | |
| 23 | APO 6.75 07-31-26债券 | Apollo Global Management | 债券 | 1.01% | -0.07% | EXIT | |
| 24 | GME | Gamestop Corp-class A | 股票-周期性消费 | 1.00% | -0.02% | +7.91% | |
| 25 | ASTS 2 01-15-36债券 | Ast Spacemobile Inc | 债券 | 0.98% | -0.27% | — | |
| 26 | VOYG 0.75 11-15-30债券 | Voyager Space Holdings I | 债券 | 0.89% | -1.12% | — | |
| 27 | ENVX | Enovix CORP | 股票-其他 | 0.86% | -0.05% | +51.84% | |
| 28 | HTZ 5.5 10-01-30债券 | Hertz Corp/the | 债券 | 0.82% | -0.85% | — | |
| 29 | ✓ | Gme 0 06/15/32 | 股票-其他 | 0.79% | -0.52% | EXIT | |
| 30 | EOSE 1.75 12-01-31债券 | Eos Energy Enterprises I | 债券 | 0.79% | -0.10% | EXIT | |
| 31 | FLNC 2.25 06-15-30债券 | Fluence Energy Inc | 债券 | 0.78% | -0.34% | EXIT | |
| 32 | ENVX 4.75 09-15-30债券 | Enovix CORP | 债券 | 0.71% | — | — | |
| 33 | ✓ | Dynavax Technol | 股票-其他 | 0.67% | — | — | |
| 34 | BA 6 10-15-27债券 | Boeing Co/the | 债券 | 0.67% | -0.08% | EXIT | |
| 35 | IREN 0.25 06-01-32债券 | Iren LTD | 债券 | 0.61% | -0.66% | — | |
| 36 | IREN 0 07-01-31债券 | Iren LTD | 债券 | 0.61% | -0.36% | EXIT | |
| 37 | LCID 5 04-01-30债券 | Lucid Group Inc | 债券 | 0.57% | -0.31% | -40.00% | |
| 38 | IREN 1 06-01-33 33债券 | Iren LTD | 债券 | 0.53% | — | — | |
| 39 | RIOT 0.75 01-15-30债券 | Riot Platforms Inc | 债券 | 0.52% | — | — | |
| 40 | CCL1EUR | Carnival CORP LTD | 股票-周期性消费 | 0.49% | — | -69.70% | |
| 41 | LUNR 2.5 10-01-30债券 | Intuitive Machines Inc | 债券 | 0.49% | — | — | |
| 42 | TXNM 5.75 06-01-54债券 | Txnm Energy Inc | 债券 | 0.44% | -0.78% | — | |
| 43 | MARA 0 08-01-32债券 | Mara Holdings Inc | 债券 | 0.43% | +0.85% | NEW | |
| 44 | NVAX | Novavax Inc | 股票-医疗保健 | 0.41% | — | +56.20% | |
| 45 | BYND | Beyond Meat Inc | 股票-非周期性消费 | 0.41% | -0.27% | EXIT | |
| 46 | CIFR 0 10-01-31债券 | Cipher Digital Inc | 债券 | 0.41% | — | -58.00% | |
| 47 | ALB 7.25 03-01-27债券 | Albemarle CORP | 债券 | 0.37% | -3.04% | +147.80% | |
| 48 | AMC 6 04-30-30 144A债券 | Muvico LLC | 债券 | 0.37% | -0.33% | EXIT | |
| 49 | BORRNO 5 02-08-28债券 | Borr Drilling LTD | 债券 | 0.33% | -0.37% | EXIT | |
| 50 | ALB | Albemarle CORP | 股票-原材料 | 0.32% | -0.22% | — |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | ASTS | Ast Spacemobile Inc | +4.8% | -2.45% | 减仓 |
| 2 | CORZW | Core Scientific Inc - 27 | +2.5% | +44.45% | 加仓 |
| 3 | AAUC 8.75 09-07-28债券 | Allied Gold CORP | +1.6% | +300.00% | 加仓 |
| 4 | REAL 4 02-15-31债券 | THE Realreal Inc | +0.7% | +100.00% | 加仓 |
| 5 | BTU | Peabody Energy CORP | +0.6% | +0.22% | 加仓 |
| 6 | CORZ | Core Scientific Inc | +0.5% | +38.79% | 加仓 |
| 7 | APO | Apollo Global Management Inc | +0.4% | — | 不变 |
| 8 | ALB 7.25 03-01-27债券 | Albemarle CORP | +0.3% | +147.80% | 加仓 |
| 9 | BYND | Beyond Meat Inc | +0.3% | +483.23% | 加仓 |
| 10 | ENVX | Enovix CORP | +0.2% | +51.84% | 加仓 |
| 11 | LUNR 2.5 10-01-30债券 | Intuitive Machines Inc | +0.2% | — | 不变 |
| 12 | CLSK | Cleanspark Inc | +0.2% | +363.33% | 加仓 |
| 13 | ALB | Albemarle CORP | +0.2% | — | 不变 |
| 14 | DJT | Trump Media & Technology Gro | +0.1% | +717.50% | 加仓 |
| 15 | JBLU 2.5 09-01-29债券 | Jetblue Airways CORP | +0.1% | — | 不变 |
| 16 | NVAX | Novavax Inc | +0.1% | +56.20% | 加仓 |
| 17 | CNP 3.36916 09-15-29债券 | Centerpoint Energy Inc | +0.1% | -1.21% | 减仓 |
| 18 | AAOI | Applied Optoelectronics Inc | +0.1% | +0.42% | 加仓 |
| 19 | CRWV | Coreweave Inc-cl A | +0.1% | +275.00% | 加仓 |
| 20 | JBLU | Jetblue Airways CORP | +0.1% | +57.92% | 加仓 |
| 21 | CIFR | Cipher Digital Inc | +0.1% | +40.00% | 加仓 |
| 22 | TXNM 5.75 06-01-54债券 | Txnm Energy Inc | +0.1% | — | 不变 |
| 23 | F | Ford Motor Co | +0.1% | +59.81% | 加仓 |
| 24 | PEB 1.625 01-15-30债券 | Pebblebrook Hotel Trust | +0.1% | — | 不变 |
| 25 | HLF | Herbalife Ltd. | 0% | — | 不变 |
| 26 | JOBY | Joby Aviation, Inc. | 0% | +81.17% | 加仓 |
| 27 | W | Wayfair Inc- Class A | 0% | -6.54% | 减仓 |
| 28 | ATRO 0 01-15-31债券 | Astronics CORP | 0% | — | 不变 |
| 29 | KKR | Kkr & Co Inc | 0% | — | 不变 |
| 30 | PRCH | Porch Group Inc | 0% | +150.00% | 加仓 |
| 31 | LUNR | Intuitive Machines Inc | 0% | — | 不变 |
| 32 | RUN | Sunrun Inc | 0% | — | 不变 |
| 33 | APLD | Applied Digital CORP | 0% | — | 不变 |
| 34 | PAYO | Payoneer Global Inc | 0% | — | 不变 |
| 35 | RIG | Transocean Ltd. | 0% | — | 不变 |
| 36 | MARA | Mara Holdings Inc | — | +69.67% | 加仓 |
| 37 | NXNVW | Nextnav Inc-27 | — | — | 不变 |
| 38 | ✓ | — | — | 不变 | |
| 39 | STEM | Stem Inc | — | — | 不变 |
| 40 | LVWR-WS | Livewire Group Inc-27 | — | +0.47% | 加仓 |
| 41 | NIO | Nio Inc - Adr | — | — | 不变 |
| 42 | STWD | Starwood Property Trust Inc | — | — | 不变 |
| 43 | ADTN | Adtran Holdings Inc | — | — | 不变 |
| 44 | PSQH | Psq Holdings Inc | — | — | 不变 |
| 45 | ✓ | Renew Energy Global PLC | — | — | 不变 |
| 46 | ✓ | Vinfast Auto LTD | — | — | 不变 |
| 47 | ✓ | — | — | 不变 | |
| 48 | ✓ | A Spac Ii Acquisition CORP | — | — | 不变 |
| 49 | ✓ | Uphealth Inc 11.5000exp07/01/2024 | — | — | 不变 |
| 50 | ✓ | Wts/icoreconnect Inc. Exp08/21/2028 | — | — | 不变 |
根据 SEC 官方 Form 13F 申报备案，Skaana Management L.P. 在 Q4 2025 季度的美股持仓总市值约为 US$4.7亿，共申报了 149 个公开持股仓位。
在 Q4 2025 季度，Skaana Management L.P. 按市值排列的前三大核心持股分别为：CORZW (13.8%)、ASTS (11.9%)、CNP 3.36916 09-15-29 (9.3%)。其中最大持股仓位 CORZW 占据整体投资组合约 13.8% 的权重。
在 Q4 2025 季度中，Skaana Management L.P. 共进行了 121 项持仓异动，包含新建仓 35 个仓位、加仓 23 个仓位、减仓 29 个仓位以及清仓 34 个仓位。 其中最大新建仓标的为 SPY。 本季清仓仓位包含 UBER 0 12-15-25。
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。
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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。
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。