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
121 檔
9.3%
根據最新整理的 13F 季度數據集，Absolute Investment Advisers, LLC 於 Q4 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 121 檔美股持倉，呈現出該時期的主要投資地圖。
觀察 Q4 2025 的申報異動，Absolute Investment Advisers, LLC 採取了強勁的買進策略，建倉與加碼動作（合計 30 筆）涵蓋多個核心板塊，展現機構對特定產業前景之樂觀態度。
檢視投資組合結構，前 5 大主力部位（包含 GVA 3.25 06-15-30, PATK 1.75 12-01-28, HALO 1 08-15-28）占據了總市值的 9.3%，展現出該機構在 Q4 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 | 2.73% | +0.14% | — | |
| 2 | PATK 1.75 12-01-28債券 | Patrick Industries Inc | 債券 | 2.12% | -0.65% | — | |
| 3 | HALO 1 08-15-28債券 | Halozyme Therapeutics In | 債券 | 2.11% | -0.14% | — | |
| 4 | OSIS 2.25 08-01-29債券 | Osi Systems Inc | 債券 | 2.03% | -0.61% | +0.43% | |
| 5 | USA | Liberty All Star Equity Fund | 股票-其他 | 1.95% | -0.35% | +632.30% | |
| 6 | TTEK 2.25 08-15-28債券 | Tetra Tech Inc | 債券 | 1.92% | -0.41% | +11.39% | |
| 7 | W 3.25 09-15-27債券 | Wayfair Inc | 債券 | 1.85% | -0.06% | — | |
| 8 | FLR 1.125 08-15-29債券 | Fluor CORP | 債券 | 1.81% | -0.09% | — | |
| 9 | MKSI 1.25 06-01-30債券 | Mks Inc | 債券 | 1.79% | +1.11% | — | |
| 10 | GBX 2.875 04-15-28債券 | Greenbrier Cos Inc | 債券 | 1.70% | -0.57% | — | |
| 11 | FLNC 2.25 06-15-30債券 | Fluence Energy Inc | 債券 | 1.65% | +0.07% | — | |
| 12 | ANIP 2.25 09-01-29債券 | Ani Pharmaceuticals Inc | 債券 | 1.65% | -0.20% | — | |
| 13 | PSN 2.625 03-01-29債券 | Parsons CORP | 債券 | 1.64% | -0.32% | +40.00% | |
| 14 | AKAM 1.125 02-15-29債券 | Akamai Technologies Inc | 債券 | 1.56% | -0.78% | +0.27% | |
| 15 | GWRE 1.25 11-01-29債券 | Guidewire Software Inc | 債券 | 1.51% | -0.06% | — | |
| 16 | FRPT 3 04-01-28債券 | Freshpet Inc | 債券 | 1.46% | -0.03% | — | |
| 17 | PRGS 3.5 03-01-30債券 | Progress Software CORP | 債券 | 1.45% | -0.07% | +5.14% | |
| 18 | BL 1 06-01-29債券 | Blackline Inc | 債券 | 1.45% | -0.34% | — | |
| 19 | NTNX 0.5 12-15-29債券 | Nutanix Inc | 債券 | 1.43% | -0.43% | — | |
| 20 | ON 0.5 03-01-29債券 | On Semiconductor CORP | 債券 | 1.42% | +0.03% | — | |
| 21 | AEIS 2.5 09-15-28債券 | Advanced Energy Ind | 債券 | 1.40% | — | -25.00% | |
| 22 | ECPG 4 03-15-29債券 | Encore Capital Group Inc | 債券 | 1.40% | — | — | |
| 23 | LNTH 2.625 12-15-27債券 | Lantheus Holdings Inc | 債券 | 1.38% | — | — | |
| 24 | CENX 2.75 05-01-28債券 | Century Aluminum Company | 債券 | 1.36% | -0.42% | — | |
| 25 | BSY 0.375 07-01-27債券 | Bentley Systems | 債券 | 1.34% | -0.33% | — | |
| 26 | LMAT 2.5 02-01-30債券 | Lemaitre Vascular Inc | 債券 | 1.33% | -0.27% | — | |
| 27 | ACP | Abrdn Income Credit Strat | 股票-其他 | 1.31% | -0.62% | EXIT | |
| 28 | SMTC 1.625 11-01-27債券 | Semtech CORP | 債券 | 1.27% | +0.94% | -38.89% | |
| 29 | WT 3.25 08-15-29債券 | Wisdomtree Inc | 債券 | 1.27% | -1.46% | EXIT | |
| 30 | CIFR 1.75 05-15-30債券 | Cipher Digital Inc | 債券 | 1.19% | +0.54% | — | |
| 31 | ✓ | Applied Optoele | 股票-其他 | 1.19% | +0.60% | — | |
| 32 | JAZZ 3.125 09-15-30債券 | Jazz Investments I LTD | 債券 | 1.14% | +0.26% | +200.00% | |
| 33 | ALRM 0 01-15-26債券 | Alarm.com Hldgs Inc | 債券 | 1.14% | — | — | |
| 34 | VSH 2.25 09-15-30債券 | Vishay Intertechnology | 債券 | 1.13% | +0.39% | +0.28% | |
| 35 | UPWK 0.25 08-15-26債券 | Upwork Inc | 債券 | 1.10% | -0.17% | — | |
| 36 | CNMD 2.25 06-15-27債券 | Conmed CORP | 債券 | 1.09% | -0.16% | — | |
| 37 | VECO 2.875 06-01-29債券 | Veeco Instruments Inc | 債券 | 1.06% | -0.06% | — | |
| 38 | VRNS 1 09-15-29債券 | Varonis System Inc | 債券 | 1.06% | +0.28% | — | |
| 39 | LIVN 2.5 03-15-29債券 | Livanova PLC | 債券 | 1.06% | -0.04% | — | |
| 40 | ITRI 1.375 07-15-30債券 | Itron Inc | 債券 | 1.04% | -0.22% | — | |
| 41 | PCRX 2.125 05-15-29債券 | Pacira Biosciences Inc | 債券 | 1.03% | -0.15% | +12.50% | |
| 42 | SPB 3.375 06-01-29債券 | Spectrum Brands Inc | 債券 | 1.02% | -0.18% | — | |
| 43 | SYNA 0.75 12-01-31債券 | Synaptics Inc | 債券 | 1.02% | +0.05% | — | |
| 44 | TE 5.25 12-01-30債券 | T1 Energy Inc | 債券 | 1.02% | +0.29% | — | |
| 45 | ITRI 0 03-15-26債券 | Itron Inc | 債券 | 1.02% | — | +28.57% | |
| 46 | BAND 0.5 04-01-28債券 | Bandwidth Inc | 債券 | 1.00% | -0.96% | EXIT | |
| 47 | WGO 3.25 01-15-30債券 | Winnebago Industries | 債券 | 0.97% | -0.15% | — | |
| 48 | DDOG 0 12-01-29債券 | Datadog Inc | 債券 | 0.96% | +0.06% | — | |
| 49 | LCII 1.125 05-15-26債券 | Lci Industries | 債券 | 0.93% | -0.96% | EXIT | |
| 50 | POST 2.5 08-15-27債券 | Post Holdings Inc | 債券 | 0.92% | -0.20% | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | USA | Liberty All Star Equity Fund | +1.7% | +632.30% | 加碼 |
| 2 | ACP | Abrdn Income Credit Strat | +1% | +358.85% | 加碼 |
| 3 | JAZZ 3.125 09-15-30債券 | Jazz Investments I LTD | +0.8% | +200.00% | 加碼 |
| 4 | BRW | Saba Capital Income & Opport | +0.6% | +2087.45% | 加碼 |
| 5 | PSN 2.625 03-01-29債券 | Parsons CORP | +0.2% | +40.00% | 加碼 |
| 6 | CENX 2.75 05-01-28債券 | Century Aluminum Company | +0.2% | — | 不變 |
| 7 | AVK | Advent Convert & Income | -0.3% | -77.04% | 減碼 |
| 8 | ORA 2.5 07-15-27債券 | Ormat Technologies Inc | -0.4% | -32.50% | 減碼 |
| 9 | CSGS 3.875 09-15-28債券 | Csg Systems Internationa | -0.5% | -37.50% | 減碼 |
| 10 | GPN 1.5 03-01-31債券 | Global Payments Inc | -0.5% | -42.25% | 減碼 |
| 11 | CHEF 2.375 12-15-28債券 | Chefs' Warehouse THE | -0.6% | -37.50% | 減碼 |
| 12 | SMTC 1.625 11-01-27債券 | Semtech CORP | -1% | -38.89% | 減碼 |
| 13 | FLNC 2.25 06-15-30債券 | Fluence Energy Inc | — | NEW | 新建倉 |
| 14 | XPHDX | Pioneer Floating Rate Fund | — | EXIT | 清倉 |
| 15 | GWRE 1.25 11-01-29債券 | Guidewire Software Inc | — | NEW | 新建倉 |
| 16 | FVRR 0 11-01-25債券 | Fiverr International LTD | — | EXIT | 清倉 |
| 17 | NTNX 0.5 12-15-29債券 | Nutanix Inc | — | NEW | 新建倉 |
| 18 | LMAT 2.5 02-01-30債券 | Lemaitre Vascular Inc | — | NEW | 新建倉 |
| 19 | SEI 4.75 05-01-30債券 | Solaris Energy Infrastru | — | EXIT | 清倉 |
| 20 | SYNA 0.75 12-01-31債券 | Synaptics Inc | — | NEW | 新建倉 |
| 21 | TE 5.25 12-01-30債券 | T1 Energy Inc | — | NEW | 新建倉 |
| 22 | XJEQX | Abrdn Japan Equity Fund Inc | — | EXIT | 清倉 |
| 23 | CFLT 0 01-15-27債券 | Confluent Inc | — | EXIT | 清倉 |
| 24 | DDOG 0 12-01-29債券 | Datadog Inc | — | NEW | 新建倉 |
| 25 | VRNT 0.25 04-15-26債券 | Verint Systems Inc | — | EXIT | 清倉 |
| 26 | FSLY 7.75 06-01-28債券 | Fastly Inc | — | NEW | 新建倉 |
| 27 | VERX 0.75 05-01-29債券 | Vertex Inc | — | EXIT | 清倉 |
| 28 | IMAX 0.5 04-01-26債券 | Imax CORP | — | EXIT | 清倉 |
| 29 | LITE 0.5 06-15-28債券 | Lumentum Holdings Inc | — | EXIT | 清倉 |
| 30 | IGR | Cbre Global Real Estate Inc | — | NEW | 新建倉 |
| 31 | RIOT 0.75 01-15-30債券 | Riot Platforms Inc | — | NEW | 新建倉 |
| 32 | UTG | Reaves Utility Income Fund | — | EXIT | 清倉 |
| 33 | BCAT | Blackrock Capital Alloc Tr | — | NEW | 新建倉 |
| 34 | GPRO 1.25 11-15-25債券 | Gopro Inc | — | EXIT | 清倉 |
| 35 | BOX 0 01-15-26債券 | Box Inc | — | EXIT | 清倉 |
| 36 | RIV | Rivernorth Opportunities | — | NEW | 新建倉 |
| 37 | MEGI | Nyli Cbre Glbl Infr Mega Trm | — | NEW | 新建倉 |
| 38 | BTX | Blackrock Tech & Priv Eqty | — | NEW | 新建倉 |
| 39 | PDI | Pimco Dynamic Income Fund | — | NEW | 新建倉 |
| 40 | EMO | Clearbridge Energy Midstream | — | NEW | 新建倉 |
| 41 | UTF | Cohen & Steers Infrastructur | — | NEW | 新建倉 |
| 42 | RFMZ | Rivernorth Flex Muni Ii | — | EXIT | 清倉 |
| 43 | VVR | Invesco Senior Income Trust | — | NEW | 新建倉 |
| 44 | JGH | Nuveen Global High Income | — | NEW | 新建倉 |
| 45 | FTF | Franklin LTD Dur Inc Tr | — | NEW | 新建倉 |
| 46 | SRV | Nxg Cushing Midstream Energy | — | NEW | 新建倉 |
| 47 | HYI | Western Asset High Yield Opp | — | NEW | 新建倉 |
| 48 | ATRO 5.5 03-15-30債券 | Astronics CORP | — | NEW | 新建倉 |
| 49 | BGT | Blackrock Fltng Rt Inc Tr | — | NEW | 新建倉 |
| 50 | JFR | Nuveen Floating Rate Income | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Absolute Investment Advisers, LLC 在 Q4 2025 季度的美股持倉總市值約為 US$10.3億，共申報了 121 個公開持股部位。
在 Q4 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 (2.7%)、PATK 1.75 12-01-28 (2.1%)、HALO 1 08-15-28 (2.1%)。其中最大持股部位 GVA 3.25 06-15-30 佔據整體投資組合約 2.7% 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
FLNC 2.25 06-15-30
市值: US$1449.0萬
本季最大獲利了結 / 清倉標的
XPHDX
前期市值: US$1416.1萬
在 Q4 2025 季度中，Absolute Investment Advisers, LLC 共進行了 49 項持倉異動，包含新建倉 25 個部位、加碼 5 個部位、減碼 6 個部位以及清倉 13 個部位。 其中最大新建倉標的為 FLNC 2.25 06-15-30。 本季清倉部位包含 XPHDX。
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。