13F 申報指南13F 觀念全攻略
什麼是 SEC Form 13F 申報？美股機構大戶持股全攻略
完整解讀 Form 13F 申報規範、1 億美元門檻與 45 天延遲申報機制，學會如何追蹤頂級對沖基金與機構法人持倉動向。
AlphaSMO 權威研究指南閱讀專題
CIK: 0001316187
申報總市值
US$10.3億
US$10.3億
115 檔
8.7%
根據最新整理的 13F 季度數據集，Absolute Investment Advisers, LLC 於 Q2 2025 結束時的管理資產規模為 US$10.3億。該機構在本季度申報了 115 檔美股持倉，呈現出該時期的主要投資地圖。
在 Q2 2025，Absolute Investment Advisers, LLC 操作展現出積極擴展與加碼意向。本季共新建倉 16 個新部位，並對 13 個既有持股進行加碼（合計增持 29 檔），相較減碼與清倉部位顯著佔優。
檢視投資組合結構，前 5 大主力部位（包含 GVA 3.25 06-15-30, BTX, FLR 1.125 08-15-29）占據了總市值的 8.7%，展現出該機構在 Q2 2025 的重點資金聚焦與風險分佈特徵。
| # | 代號 | 標的名稱 | 資產子類別 | 佔比 | 佔比變動 | 持倉量變化 | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | GVA 3.25 06-15-30債券 | Granite Construction Inc | 債券 | 2.53% | +0.14% | — | |
| 2 | BTX | Blackrock Tech & Priv Eqty | 股票-其他 | 2.36% | -1.20% | EXIT | |
| 3 | FLR 1.125 08-15-29債券 | Fluor CORP | 債券 | 2.25% | -0.09% | -7.41% | |
| 4 | PATK 1.75 12-01-28債券 | Patrick Industries Inc | 債券 | 2.02% | -0.65% | — | |
| 5 | TTEK 2.25 08-15-28債券 | Tetra Tech Inc | 債券 | 1.98% | -0.41% | +6.00% | |
| 6 | HALO 1 08-15-28債券 | Halozyme Therapeutics In | 債券 | 1.97% | -0.14% | +16.67% | |
| 7 | ORA 2.5 07-15-27債券 | Ormat Technologies Inc | 債券 | 1.90% | -0.46% | EXIT | |
| 8 | PRGS 3.5 03-01-30債券 | Progress Software CORP | 債券 | 1.72% | -0.07% | — | |
| 9 | FRPT 3 04-01-28債券 | Freshpet Inc | 債券 | 1.69% | -0.03% | +120.00% | |
| 10 | GBX 2.875 04-15-28債券 | Greenbrier Cos Inc | 債券 | 1.68% | -0.57% | — | |
| 11 | LNTH 2.625 12-15-27債券 | Lantheus Holdings Inc | 債券 | 1.66% | — | — | |
| 12 | AKAM 1.125 02-15-29債券 | Akamai Technologies Inc | 債券 | 1.62% | -0.78% | +27.80% | |
| 13 | SMTC 1.625 11-01-27債券 | Semtech CORP | 債券 | 1.59% | +0.94% | — | |
| 14 | BL 1 06-01-29債券 | Blackline Inc | 債券 | 1.58% | -0.34% | — | |
| 15 | FVRR 0 11-01-25債券 | Fiverr International LTD | 債券 | 1.57% | — | +30.00% | |
| 16 | CHEF 2.375 12-15-28債券 | Chefs' Warehouse THE | 債券 | 1.54% | — | — | |
| 17 | ON 0.5 03-01-29債券 | On Semiconductor CORP | 債券 | 1.50% | +0.03% | — | |
| 18 | MKSI 1.25 06-01-30債券 | Mks Inc | 債券 | 1.50% | +1.11% | — | |
| 19 | AEIS 2.5 09-15-28債券 | Advanced Energy Ind | 債券 | 1.48% | — | — | |
| 20 | MIDD 1 09-01-25債券 | Middleby CORP | 債券 | 1.47% | — | +153.89% | |
| 21 | BSY 0.375 07-01-27債券 | Bentley Systems | 債券 | 1.46% | -0.33% | — | |
| 22 | CFLT 0 01-15-27債券 | Confluent Inc | 債券 | 1.39% | — | +33.05% | |
| 23 | EXAS 0.375 03-15-27債券 | Exact Sciences CORP | 債券 | 1.38% | — | — | |
| 24 | W 3.25 09-15-27債券 | Wayfair Inc | 債券 | 1.36% | -0.06% | +18.34% | |
| 25 | DBX 0 03-01-26債券 | Dropbox Inc | 債券 | 1.35% | — | — | |
| 26 | PSN 2.625 03-01-29債券 | Parsons CORP | 債券 | 1.32% | -0.32% | -5.93% | |
| 27 | ECPG 4 03-15-29債券 | Encore Capital Group Inc | 債券 | 1.31% | — | — | |
| 28 | NCLH 1.125 02-15-27債券 | Ncl Corporation LTD | 債券 | 1.27% | — | +68.97% | |
| 29 | CLM | Cornerstone Strategic Invest | 股票-其他 | 1.23% | — | — | |
| 30 | XJQCX | Nuveen Credit Strategies Inc | 股票-其他 | 1.23% | -0.21% | — | |
| 31 | VSH 2.25 09-15-30債券 | Vishay Intertechnology | 債券 | 1.22% | +0.39% | — | |
| 32 | CRF | Cornerstone Total Return | 股票-其他 | 1.22% | — | — | |
| 33 | ENOV 3.875 10-15-28債券 | Enovis CORP | 債券 | 1.22% | -0.57% | EXIT | |
| 34 | ALRM 0 01-15-26債券 | Alarm.com Hldgs Inc | 債券 | 1.20% | — | +11.11% | |
| 35 | PD 1.5 10-15-28 *債券 | Pagerduty Inc. | 債券 | 1.18% | -0.15% | — | |
| 36 | ITRI 1.375 07-15-30債券 | Itron Inc | 債券 | 1.18% | -0.22% | — | |
| 37 | CNMD 2.25 06-15-27債券 | Conmed CORP | 債券 | 1.17% | -0.16% | -9.92% | |
| 38 | UPWK 0.25 08-15-26債券 | Upwork Inc | 債券 | 1.15% | -0.17% | — | |
| 39 | VRNT 0.25 04-15-26債券 | Verint Systems Inc | 債券 | 1.12% | — | +11.46% | |
| 40 | CSGS 3.875 09-15-28債券 | Csg Systems Internationa | 債券 | 1.12% | -0.71% | EXIT | |
| 41 | ✓ | Applied Optoele | 股票-其他 | 1.08% | +0.60% | +38.46% | |
| 42 | SPB 3.375 06-01-29債券 | Spectrum Brands Inc | 債券 | 1.07% | -0.18% | — | |
| 43 | POST 2.5 08-15-27債券 | Post Holdings Inc | 債券 | 1.06% | -0.20% | — | |
| 44 | GPN 1.5 03-01-31債券 | Global Payments Inc | 債券 | 1.05% | +0.27% | -17.44% | |
| 45 | VERX 0.75 05-01-29債券 | Vertex Inc | 債券 | 1.04% | — | — | |
| 46 | LIVN 2.5 03-15-29債券 | Livanova PLC | 債券 | 1.00% | -0.04% | — | |
| 47 | VECO 2.875 06-01-29債券 | Veeco Instruments Inc | 債券 | 0.98% | -0.06% | — | |
| 48 | ITRI 0 03-15-26債券 | Itron Inc | 債券 | 0.98% | — | -31.71% | |
| 49 | NOG 3.625 04-15-29債券 | Northern Oil & Gas Inc | 債券 | 0.97% | +0.05% | +126.59% | |
| 50 | ZTR | Virtus Total Return Fund Inc | 股票-其他 | 0.97% | -0.22% | EXIT |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | GVA 3.25 06-15-30債券 | Granite Construction Inc | +2.5% | NEW | 新建倉 |
| 2 | BL 1 06-01-29債券 | Blackline Inc | +1.6% | NEW | 新建倉 |
| 3 | MKSI 1.25 06-01-30債券 | Mks Inc | +1.5% | NEW | 新建倉 |
| 4 | CLM | Cornerstone Strategic Invest | +1.2% | NEW | 新建倉 |
| 5 | XJQCX | Nuveen Credit Strategies Inc | +1.2% | NEW | 新建倉 |
| 6 | CRF | Cornerstone Total Return | +1.2% | NEW | 新建倉 |
| 7 | ITRI 1.375 07-15-30債券 | Itron Inc | +1.2% | NEW | 新建倉 |
| 8 | SPB 3.375 06-01-29債券 | Spectrum Brands Inc | +1.1% | NEW | 新建倉 |
| 9 | VERX 0.75 05-01-29債券 | Vertex Inc | +1% | NEW | 新建倉 |
| 10 | LIVN 2.5 03-15-29債券 | Livanova PLC | +1% | NEW | 新建倉 |
| 11 | PCRX 2.125 05-15-29債券 | Pacira Biosciences Inc | +0.9% | NEW | 新建倉 |
| 12 | ALRM 2.25 06-01-29債券 | Alarm.com Hldgs Inc | +0.8% | NEW | 新建倉 |
| 13 | MIDD 1 09-01-25債券 | Middleby CORP | +0.7% | +153.89% | 加碼 |
| 14 | SEI 4.75 05-01-30債券 | Solaris Energy Infrastru | +0.7% | NEW | 新建倉 |
| 15 | FRPT 3 04-01-28債券 | Freshpet Inc | +0.6% | +120.00% | 加碼 |
| 16 | AMCX 4.25 02-15-29 *債券 | Amc Global Media Inc | +0.6% | NEW | 新建倉 |
| 17 | BTX | Blackrock Tech & Priv Eqty | +0.5% | +29.97% | 加碼 |
| 18 | BHK | Blackrock Core Bond Trust | +0.5% | NEW | 新建倉 |
| 19 | NOG 3.625 04-15-29債券 | Northern Oil & Gas Inc | +0.5% | +126.59% | 加碼 |
| 20 | NCLH 1.125 02-15-27債券 | Ncl Corporation LTD | +0.4% | +68.97% | 加碼 |
| 21 | ✓ | Applied Optoele | +0.3% | +38.46% | 加碼 |
| 22 | CIFR 1.75 05-15-30債券 | Cipher Digital Inc | +0.3% | NEW | 新建倉 |
| 23 | W 3.25 09-15-27債券 | Wayfair Inc | +0.2% | +18.34% | 加碼 |
| 24 | LITE 0.5 06-15-28債券 | Lumentum Holdings Inc | +0.2% | +48.33% | 加碼 |
| 25 | CFLT 0 01-15-27債券 | Confluent Inc | +0.2% | +33.05% | 加碼 |
| 26 | FVRR 0 11-01-25債券 | Fiverr International LTD | +0.2% | +30.00% | 加碼 |
| 27 | AKAM 1.125 02-15-29債券 | Akamai Technologies Inc | +0.1% | +27.80% | 加碼 |
| 28 | AEIS 2.5 09-15-28債券 | Advanced Energy Ind | 0% | — | 不變 |
| 29 | SMTC 1.625 11-01-27債券 | Semtech CORP | 0% | — | 不變 |
| 30 | TTEK 2.25 08-15-28債券 | Tetra Tech Inc | -0.1% | +6.00% | 加碼 |
| 31 | ORA 2.5 07-15-27債券 | Ormat Technologies Inc | -0.1% | +7.69% | 加碼 |
| 32 | FLR 1.125 08-15-29債券 | Fluor CORP | -0.1% | -7.41% | 減碼 |
| 33 | QTWO 0.125 11-15-25債券 | Q2 Holdings Inc | -0.3% | -27.27% | 減碼 |
| 34 | CRNC 1.5 07-01-28債券 | Cerence Inc | -0.3% | EXIT | 清倉 |
| 35 | RDFN 0.5 04-01-27債券 | Redfin CORP | -0.3% | -40.61% | 減碼 |
| 36 | HQL | Abrdn Life Sciences Investor | -0.4% | EXIT | 清倉 |
| 37 | MLAB 1.375 08-15-25債券 | Mesa Laboratories Inc | -0.4% | -25.06% | 減碼 |
| 38 | AVK | Advent Convert & Income | -0.4% | -21.93% | 減碼 |
| 39 | GPRE 2.25 03-15-27債券 | Green Plains Inc | -0.5% | -35.25% | 減碼 |
| 40 | GPN 1.5 03-01-31債券 | Global Payments Inc | -0.5% | -17.44% | 減碼 |
| 41 | LNTH 2.625 12-15-27債券 | Lantheus Holdings Inc | -0.5% | — | 不變 |
| 42 | ITRI 0 03-15-26債券 | Itron Inc | -0.6% | -31.71% | 減碼 |
| 43 | PI 1.125 05-15-27債券 | Impinj Inc | -0.6% | EXIT | 清倉 |
| 44 | IRTC 1.5 09-01-29債券 | Irhythm Holdings Inc | -0.6% | EXIT | 清倉 |
| 45 | ARAY 3.75 06-01-26債券 | Accuray Inc | -0.9% | -57.27% | 減碼 |
| 46 | ACP | Abrdn Income Credit Strat | -0.9% | -55.03% | 減碼 |
| 47 | NET 0 08-15-26債券 | Cloudflare Inc | -1% | EXIT | 清倉 |
| 48 | PRO 2.25 09-15-27債券 | Pros Holdings Inc | -1.1% | EXIT | 清倉 |
| 49 | GVA 3.75 05-15-28債券 | Granite Construction Inc | -1.3% | EXIT | 清倉 |
| 50 | BMEZ | Blackrock Hlth Sci Trm Tr Ii | -1.3% | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Absolute Investment Advisers, LLC 在 Q2 2025 季度的美股持倉總市值約為 US$10.3億，共申報了 115 個公開持股部位。
在 Q2 2025 季度，Absolute Investment Advisers, LLC 按市值排列的前三大核心持股分別為：GVA 3.25 06-15-30 (2.5%)、BTX (2.4%)、FLR 1.125 08-15-29 (2.3%)。其中最大持股部位 GVA 3.25 06-15-30 佔據整體投資組合約 2.5% 的權重。
精選 AlphaSMO 大戶持股與內部人交易深度分析，提升投資決策勝率
完整解讀 Form 13F 申報規範、1 億美元門檻與 45 天延遲申報機制，學會如何追蹤頂級對沖基金與機構法人持倉動向。
本季最大新建倉標的
GVA 3.25 06-15-30
市值: US$2047.0萬
本季最大獲利了結 / 清倉標的
BMEZ
前期市值: US$867.6萬
在 Q2 2025 季度中，Absolute Investment Advisers, LLC 共進行了 47 項持倉異動，包含新建倉 16 個部位、加碼 13 個部位、減碼 10 個部位以及清倉 8 個部位。 其中最大新建倉標的為 GVA 3.25 06-15-30。 本季清倉部位包含 BMEZ。
本頁面所有持股數據均直接同步自美國證券交易委員會（SEC）EDGAR 官方系統之 13F-HR / 13F-HR/A 季度申報文件。AlphaSMO 透過機器解析 CUSIP 與個股對照，提供 100% 精準對齊的歷史時序數據集，並支援 Schema.org 結構化資料格式。
解析公司高管、董事與 10% 大股東之 Form 4 內部人交易申報，掌握高管自家股票買賣第一手訊號。
深入剖析 5% 股益申報門檻、13D 與 13G 之差異，以及最新 SEC 申報時程規範，洞察機構法人的激進投資動向。