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: 0001257391
申报总市值
US$76.5亿
US$76.5亿
486 檔
26.8%
Whitebox Advisors LLC 在 Q4 2025 季度的美股仓位总计估值为 US$76.5亿，分散于 486 个持仓标的之中，反映其市场参与广度与投资规模。
在 Q4 2025，Whitebox Advisors LLC 操作展现出积极扩展与加仓意向。本季共新建仓 73 个新仓位，并对 31 个既有持股进行加仓（合计增持 104 档），相较减仓与清仓仓位显著占优。
在资产配置集中度方面，Whitebox Advisors LLC 的前 5 大核心持股（包含 WDC 3 11-15-28, LITE 1.5 12-15-29, SPY 等）合计占整体申报市值的 26.8%，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 486 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 | WDC 3 11-15-28债券 | Western Digital CORP | 债券 | 13.29% | -18.01% | EXIT | |
| 2 | LITE 1.5 12-15-29债券 | Lumentum Holdings Inc | 债券 | 5.35% | -8.77% | +6.90% | |
| 3 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股与成长 | 4.35% | +0.88% | -30.77% | |
| 4 | BABA 0.5 06-01-31债券 | Alibaba Group Holding | 债券 | 3.30% | +0.24% | +111.94% | |
| 5 | SNOW 0 10-01-27债券 | Snowflake Inc | 债券 | 2.84% | -0.53% | +3.05% | |
| 6 | SNOW 0 10-01-29债券 | Snowflake Inc | 债券 | 2.75% | +1.21% | +48.81% | |
| 7 | NVDA | Nvidia CORP | 股票-科技 | 2.65% | +0.11% | +400.00% | |
| 8 | ECHO 3.875 11-30-30债券 | Echostar CORP | 债券 | 2.60% | -0.32% | +30.18% | |
| 9 | SPHR 3.5 12-01-28债券 | Sphere Entertainment Co | 债券 | 2.59% | +1.24% | — | |
| 10 | APLD 2.75 06-01-30债券 | Applied Digital CORP | 债券 | 2.33% | +0.66% | — | |
| 11 | IBIT | Ishares Bitcoin Trust ETF | ETF-加密货币 | 2.11% | -0.71% | EXIT | |
| 12 | TCOM 0.75 06-15-29债券 | Trip.com Group LTD | 债券 | 2.06% | -0.24% | +11.16% | |
| 13 | LITE 0.5 12-15-26债券 | Lumentum Holdings Inc | 债券 | 1.88% | -1.97% | +38.68% | |
| 14 | CADE | Cadence Bank | 股票-其他 | 1.82% | — | — | |
| 15 | MSTR 2.25 06-15-32债券 | Strategy Inc | 债券 | 1.75% | — | — | |
| 16 | LEU 2.25 11-01-30债券 | Centrus Energy CORP | 债券 | 1.73% | +0.04% | — | |
| 17 | GTLS | Chart Industries Inc | 股票-工业 | 1.64% | -1.66% | +76.32% | |
| 18 | CMA | Comerica Inc | 股票-其他 | 1.54% | — | — | |
| 19 | COIN 0.25 04-01-30债券 | Coinbase Global Inc | 债券 | 1.31% | +0.56% | -19.44% | |
| 20 | UPST 2 10-01-29债券 | Upstart Holdings Inc | 债券 | 1.25% | -0.16% | — | |
| 21 | JBLU 2.5 09-01-29债券 | Jetblue Airways CORP | 债券 | 1.17% | +0.13% | -9.79% | |
| 22 | WOLF | Wolfspeed Inc | 股票-其他 | 1.14% | — | -2.63% | |
| 23 | ✓ | Cyberark Software LTD. Cmn | 股票-其他 | 1.08% | — | +23.91% | |
| 24 | RIVN 3.625 10-15-30债券 | Rivian Auto Inc | 债券 | 1.03% | +0.17% | +14.10% | |
| 25 | LBRDK | Liberty Broadband-c | 股票-通信服务 | 1.02% | -0.82% | +1.75% | |
| 26 | MSTR 0 12-01-29债券 | Strategy Inc | 债券 | 0.94% | -0.82% | — | |
| 27 | W 3.5 11-15-28债券 | Wayfair Inc | 债券 | 0.93% | -0.38% | EXIT | |
| 28 | OIH | Vaneck Oil Services ETF | ETF-其他 | 0.92% | — | — | |
| 29 | MARA 0 06-01-31债券 | Mara Holdings Inc | 债券 | 0.87% | -0.06% | — | |
| 30 | SMCI | Super Micro Computer Inc | 股票-科技 | 0.87% | +0.28% | +75.00% | |
| 31 | COIN 0.5 06-01-26债券 | Coinbase Global Inc | 债券 | 0.86% | — | +112.09% | |
| 32 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 0.86% | +0.42% | — | |
| 33 | MARA 0 03-01-30债券 | Mara Holdings Inc | 债券 | 0.78% | +0.18% | — | |
| 34 | OMER 9.5 06-15-29债券 | Omeros CORP | 债券 | 0.77% | -0.22% | +10.82% | |
| 35 | UPST 1 11-15-30债券 | Upstart Holdings Inc | 债券 | 0.75% | +0.17% | — | |
| 36 | ECPG 4 03-15-29债券 | Encore Capital Group Inc | 债券 | 0.74% | -0.19% | -5.00% | |
| 37 | TFPM | Triple Flag Precious Met | 股票-原材料 | 0.72% | -0.06% | -15.14% | |
| 38 | GPOR | Gulfport Energy CORP | 股票-其他 | 0.66% | +0.04% | -18.21% | |
| 39 | CLSK 0 06-15-30债券 | Cleanspark Inc | 债券 | 0.66% | +0.37% | — | |
| 40 | MSTR 0.625 09-15-28债券 | Strategy Inc | 债券 | 0.61% | -0.09% | — | |
| 41 | RUN 4 03-01-30债券 | Sunrun Inc | 债券 | 0.59% | -0.09% | -30.55% | |
| 42 | FRPT 3 04-01-28债券 | Freshpet Inc | 债券 | 0.52% | — | — | |
| 43 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.50% | — | — | |
| 44 | HLF 4.25 06-15-28债券 | Herbalife LTD | 债券 | 0.49% | +0.01% | +9.30% | |
| 45 | MARA | Mara Holdings Inc | 股票-金融 | 0.49% | +0.04% | +34.85% | |
| 46 | LUMN | Lumen Technologies Inc | 股票-通信服务 | 0.48% | +0.05% | +0.93% | |
| 47 | MARA 2.125 09-01-31债券 | Mara Holdings Inc | 债券 | 0.48% | +0.21% | +16.69% | |
| 48 | FOX | Fox CORP - Class B | 股票-通信服务 | 0.48% | +0.01% | +22.80% | |
| 49 | 8QR | Confluent Inc-class A | 股票-其他 | 0.45% | — | — | |
| 50 | HEI-A | Heico Corp-class A | 股票-其他 | 0.45% | +0.13% | +1.58% |
| # | 代码 | 标的名称 | 占比变动 | 持仓量变化 | 异动类型 |
|---|---|---|---|---|---|
| 1 | WDC 3 11-15-28债券 | Western Digital CORP | +3.2% | — | 不变 |
| 2 | LITE 1.5 12-15-29债券 | Lumentum Holdings Inc | +2.9% | +6.90% | 加仓 |
| 3 | NVDA | Nvidia CORP | +2.1% | +400.00% | 加仓 |
| 4 | BABA 0.5 06-01-31债券 | Alibaba Group Holding | +1.3% | +111.94% | 加仓 |
| 5 | LITE 0.5 12-15-26债券 | Lumentum Holdings Inc | +1.2% | +38.68% | 加仓 |
| 6 | WOLF | Wolfspeed Inc | +1% | -2.63% | 减仓 |
| 7 | ECHO 3.875 11-30-30债券 | Echostar CORP | +1% | +30.18% | 加仓 |
| 8 | SNOW 0 10-01-29债券 | Snowflake Inc | +0.7% | +48.81% | 加仓 |
| 9 | GTLS | Chart Industries Inc | +0.7% | +76.32% | 加仓 |
| 10 | SPHR 3.5 12-01-28债券 | Sphere Entertainment Co | +0.6% | — | 不变 |
| 11 | OMER 9.5 06-15-29债券 | Omeros CORP | +0.6% | +10.82% | 加仓 |
| 12 | COIN 0.5 06-01-26债券 | Coinbase Global Inc | +0.4% | +112.09% | 加仓 |
| 13 | WBD | Warner Bros Discovery Inc | +0.3% | +1155.46% | 加仓 |
| 14 | RIVN 3.625 10-15-30债券 | Rivian Auto Inc | +0.2% | +14.10% | 加仓 |
| 15 | FOX | Fox CORP - Class B | +0.1% | +22.80% | 加仓 |
| 16 | IBIT | Ishares Bitcoin Trust ETF | +0.1% | +50.00% | 加仓 |
| 17 | ELBM | Electra Battery Materials Co | +0.1% | +2783.84% | 加仓 |
| 18 | RIVN | Rivian Automotive Inc-a | +0.1% | — | 不变 |
| 19 | HLF 4.25 06-15-28债券 | Herbalife LTD | +0.1% | +9.30% | 加仓 |
| 20 | LUMN | Lumen Technologies Inc | +0.1% | +0.93% | 加仓 |
| 21 | ✓ | Cyberark Software LTD. Cmn | +0.1% | +23.91% | 加仓 |
| 22 | HLF | Herbalife Ltd. | +0.1% | — | 不变 |
| 23 | BLCO | Bausch + Lomb CORP | 0% | +17.85% | 加仓 |
| 24 | MGM | Mgm Resorts International | 0% | +33.57% | 加仓 |
| 25 | ECH | Ishares Msci Chile ETF | 0% | +30.83% | 加仓 |
| 26 | CZR | Caesars Entertainment Inc | 0% | +229.17% | 加仓 |
| 27 | W 3.5 11-15-28债券 | Wayfair Inc | 0% | — | 不变 |
| 28 | SRPT | Sarepta Therapeutics Inc | 0% | — | 不变 |
| 29 | JBLU | Jetblue Airways CORP | 0% | +40.00% | 加仓 |
| 30 | HTZ 8 07-15-29债券 | Hertz Corp/the | 0% | +39.06% | 加仓 |
| 31 | BHC | Bausch Health Cos Inc | 0% | +55.20% | 加仓 |
| 32 | OIH | Vaneck Oil Services ETF | — | — | 不变 |
| 33 | AMCX 4.25 02-15-29 *债券 | Amc Global Media Inc | 0% | — | 不变 |
| 34 | PTCT 1.5 09-15-26债券 | Ptc Therapeutics Inc | 0% | -7.89% | 减仓 |
| 35 | NBR 1.75 06-15-29债券 | Nabors Industries Inc | 0% | — | 不变 |
| 36 | SMCI | Super Micro Computer Inc | 0% | +75.00% | 加仓 |
| 37 | ECPG 4 03-15-29债券 | Encore Capital Group Inc | 0% | -5.00% | 减仓 |
| 38 | ✓ | Willow Lane Acquisition CORP | 0% | -45.45% | 减仓 |
| 39 | ✓ | Vine Hill Cap Invt CORP. | 0% | -43.40% | 减仓 |
| 40 | NIO | Nio Inc - Adr | 0% | — | 不变 |
| 41 | TCOM 0.75 06-15-29债券 | Trip.com Group LTD | 0% | +11.16% | 加仓 |
| 42 | ✓ | Cantor Equity Partners Ii In | 0% | -51.67% | 减仓 |
| 43 | FRPT 3 04-01-28债券 | Freshpet Inc | 0% | — | 不变 |
| 44 | ✓ | 0% | -27.63% | 减仓 | |
| 45 | NWSA | News CORP - Class A | 0% | -11.64% | 减仓 |
| 46 | CIVI | Civitas Resources Inc | 0% | +6.97% | 加仓 |
| 47 | EWZ | Ishares Msci Brazil ETF | -0.1% | -82.98% | 减仓 |
| 48 | XRX | Xerox Holdings CORP | -0.1% | — | 不变 |
| 49 | GRFS | Grifols Sa-adr | -0.1% | — | 不变 |
| 50 | AMC | Amc Entertainment Hlds-cl A | -0.1% | — | 不变 |
根据 SEC 官方 Form 13F 申报备案，Whitebox Advisors LLC 在 Q4 2025 季度的美股持仓总市值约为 US$76.5亿，共申报了 486 个公开持股仓位。
在 Q4 2025 季度，Whitebox Advisors LLC 按市值排列的前三大核心持股分别为：WDC 3 11-15-28 (13.3%)、LITE 1.5 12-15-29 (5.3%)、SPY (4.3%)。其中最大持股仓位 WDC 3 11-15-28 占据整体投资组合约 13.3% 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
APLD 2.75 06-01-30
市值: US$1.6亿
本季最大获利了结 / 清仓标的
BE 3 06-01-29
前期市值: US$4.1亿
在 Q4 2025 季度中，Whitebox Advisors LLC 共进行了 181 项持仓异动，包含新建仓 73 个仓位、加仓 31 个仓位、减仓 32 个仓位以及清仓 45 个仓位。 其中最大新建仓标的为 APLD 2.75 06-01-30。 本季清仓仓位包含 BE 3 06-01-29。
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。