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: 0001097278
申報總市值
US$44.6億
US$44.6億
219 檔
19.9%
在 Q3 2025 申報期間，Advent Capital Management /de/（CIK: 0001097278）向美國 SEC 提交的 Form 13F 報告顯示，其追蹤之股票投資組合總市值達 US$44.6億，共持有 219 個公開申報部位。
在 Q3 2025 期間，Advent Capital Management /de/ 展現了靈活的資產再平衡步調，透過出清 8 檔弱勢或達到目標價部位，將資金轉置於 16 檔新建倉標的之中。
在資產配置集中度方面，Advent Capital Management /de/ 的前 5 大核心持股（包含 BAC 7.25 PERP L, WFC 7.5 PERP L, UBER 0.875 12-01-28 2028 等）合計佔整體申報市值的 19.9%，反映機構在主要關鍵部位上的權重分佈。
僅顯示前 200 大持股（共 219 檔）
| # | 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 | BAC 7.25 PERP L債券 | Bank Of America CORP | 債券 | 4.87% | -0.79% | +2.12% | |
| 2 | WFC 7.5 PERP L債券 | Wells Fargo & Company | 債券 | 4.70% | +3.49% | -2.76% | |
| 3 | UBER 0.875 12-01-28 2028債券 | Uber Technologies Inc | 債券 | 4.03% | -0.67% | +4.48% | |
| 4 | VTR 3.75 06-01-26債券 | Ventas Realty LP | 債券 | 2.90% | -2.56% | EXIT | |
| 5 | GPN 1.5 03-01-31債券 | Global Payments Inc | 債券 | 2.81% | -0.54% | -8.56% | |
| 6 | MTH 1.75 05-15-28債券 | Meritage Homes CORP | 債券 | 2.50% | -0.30% | +6.72% | |
| 7 | NEE 7.299 06-01-27債券 | Nextera Energy Inc | 債券 | 2.30% | -0.67% | +124.40% | |
| 8 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 2.29% | -5.50% | +34.47% | |
| 9 | DUK 4.125 04-15-26債券 | Duke Energy CORP | 債券 | 2.20% | -0.89% | EXIT | |
| 10 | APO 6.75 07-31-26債券 | Apollo Global Management | 債券 | 2.01% | -0.63% | +12.38% | |
| 11 | KKR 6.25 03-01-28 D債券 | Kkr & Co Inc | 債券 | 2.01% | -0.44% | +2.28% | |
| 12 | PPL 2.875 03-15-28債券 | Ppl Capital Funding Inc | 債券 | 1.92% | -0.22% | +31.89% | |
| 13 | CMS 3.375 05-01-28債券 | Cms Energy CORP | 債券 | 1.86% | -0.27% | +12.91% | |
| 14 | NEE 3 03-01-27債券 | Nextera Energy Capital | 債券 | 1.50% | -0.20% | +12.57% | |
| 15 | EXPE 0 02-15-26債券 | Expedia Group Inc | 債券 | 1.47% | — | +10.93% | |
| 16 | PRGS 3.5 03-01-30債券 | Progress Software CORP | 債券 | 1.42% | -0.17% | — | |
| 17 | DKNG 0 03-15-28債券 | Draftkings Holdings Inc | 債券 | 1.31% | -0.16% | -15.62% | |
| 18 | FOUR 0.5 08-01-27債券 | Shift4 Payments Inc | 債券 | 1.29% | +0.23% | +2.45% | |
| 19 | CNP 4.25 08-15-26債券 | Centerpoint Energy Inc | 債券 | 1.26% | -0.24% | +26.45% | |
| 20 | BA 6 10-15-27債券 | Boeing Co/the | 債券 | 1.23% | -0.20% | +2.71% | |
| 21 | BOX 1.5 09-15-29債券 | Box Inc | 債券 | 1.20% | +0.07% | — | |
| 22 | LNTH 2.625 12-15-27債券 | Lantheus Holdings Inc | 債券 | 1.20% | -0.85% | +145.56% | |
| 23 | TTEK 2.25 08-15-28債券 | Tetra Tech Inc | 債券 | 1.06% | +0.12% | +31.08% | |
| 24 | SO 4.5 06-15-27債券 | Southern Co | 債券 | 1.06% | -0.32% | +58.46% | |
| 25 | FIVN 1 03-15-29債券 | Five9 Inc | 債券 | 0.97% | -0.06% | +18.26% | |
| 26 | PCG 4.25 12-01-27債券 | Pg&e CORP | 債券 | 0.97% | -0.31% | -7.12% | |
| 27 | ARES 6.75 10-01-27 B債券 | Ares Management CORP | 債券 | 0.91% | -0.16% | +1.06% | |
| 28 | VAC 3.25 12-15-27債券 | Marriott Vacation Worldw | 債券 | 0.90% | -0.19% | -9.78% | |
| 29 | WK 1.25 08-15-28債券 | Workiva Inc | 債券 | 0.89% | — | -13.92% | |
| 30 | TYL 0.25 03-15-26債券 | Tyler Technologies Inc | 債券 | 0.88% | — | +29.82% | |
| 31 | PSN 2.625 03-01-29債券 | Parsons CORP | 債券 | 0.88% | -0.15% | -18.98% | |
| 32 | AKAM 1.125 02-15-29債券 | Akamai Technologies Inc | 債券 | 0.87% | -0.76% | -31.92% | |
| 33 | COIN 0.5 06-01-26債券 | Coinbase Global Inc | 債券 | 0.86% | — | -4.33% | |
| 34 | ABNB 0 03-15-26債券 | Airbnb Inc | 債券 | 0.86% | — | -12.86% | |
| 35 | QTWO 0.75 06-01-26債券 | Q2 Holdings Inc | 債券 | 0.86% | -0.09% | EXIT | |
| 36 | PENN 2.75 05-15-26債券 | Penn Entertainment Inc | 債券 | 0.85% | -0.01% | EXIT | |
| 37 | CFLT 0 01-15-27債券 | Confluent Inc | 債券 | 0.85% | — | -7.53% | |
| 38 | SNOW 0 10-01-29債券 | Snowflake Inc | 債券 | 0.84% | +0.38% | — | |
| 39 | SMCI 3.5 03-01-29債券 | Super Micro Computer Inc | 債券 | 0.80% | -0.22% | -2.60% | |
| 40 | SNAP 0.5 05-01-30債券 | Snap Inc | 債券 | 0.78% | -0.12% | -7.03% | |
| 41 | BABA 0.5 06-01-31債券 | Alibaba Group Holding | 債券 | 0.78% | -0.08% | -6.14% | |
| 42 | RIVN 3.625 10-15-30債券 | Rivian Auto Inc | 債券 | 0.78% | +0.07% | +684.15% | |
| 43 | DXCM 0.375 05-15-28債券 | Dexcom Inc | 債券 | 0.76% | -0.10% | -49.02% | |
| 44 | ON 0.5 03-01-29債券 | On Semiconductor CORP | 債券 | 0.73% | -0.50% | -15.72% | |
| 45 | MCHP 7.5 03-15-28債券 | Microchip Technology Inc | 債券 | 0.71% | -0.16% | +24.39% | |
| 46 | UPWK 0.25 08-15-26債券 | Upwork Inc | 債券 | 0.68% | -0.06% | +431.19% | |
| 47 | VERX 0.75 05-01-29債券 | Vertex Inc | 債券 | 0.68% | — | +554.44% | |
| 48 | BRKR 6.375 09-01-28債券 | Bruker CORP | 債券 | 0.67% | -0.47% | — | |
| 49 | ITRI 0 03-15-26債券 | Itron Inc | 債券 | 0.66% | — | -25.95% | |
| 50 | PMT 8.5 06-01-29債券 | Pennymac CORP | 債券 | 0.64% | -0.04% | +11.26% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | NEE 7.299 06-01-27債券 | Nextera Energy Inc | +1.4% | +124.40% | 加碼 |
| 2 | LNTH 2.625 12-15-27債券 | Lantheus Holdings Inc | +1.1% | +145.56% | 加碼 |
| 3 | KKR 6.25 03-01-28 D債券 | Kkr & Co Inc | +0.8% | +2.28% | 加碼 |
| 4 | QTWO 0.75 06-01-26債券 | Q2 Holdings Inc | +0.7% | +129.82% | 加碼 |
| 5 | FIVN 1 03-15-29債券 | Five9 Inc | +0.7% | +18.26% | 加碼 |
| 6 | FOUR 0.5 08-01-27債券 | Shift4 Payments Inc | +0.6% | +2.45% | 加碼 |
| 7 | PSN 2.625 03-01-29債券 | Parsons CORP | +0.6% | -18.98% | 加碼 |
| 8 | TYL 0.25 03-15-26債券 | Tyler Technologies Inc | +0.6% | +29.82% | 加碼 |
| 9 | UPWK 0.25 08-15-26債券 | Upwork Inc | +0.6% | +431.19% | 加碼 |
| 10 | ON 0 05-01-27債券 | On Semiconductor CORP | -0.5% | -77.63% | 減碼 |
| 11 | ARRY 1 12-01-28債券 | Array Technologies Inc | -0.5% | +1334.75% | 減碼 |
| 12 | AWK 3.625 06-15-26債券 | American Water Capital C | -0.6% | -65.07% | 減碼 |
| 13 | GPN 1.5 03-01-31債券 | Global Payments Inc | -0.6% | -8.56% | 減碼 |
| 14 | PCG 4.25 12-01-27債券 | Pg&e CORP | -0.6% | -7.12% | 減碼 |
| 15 | AKAM 0.375 09-01-27債券 | Akamai Technologies Inc | -0.6% | -46.43% | 減碼 |
| 16 | WDC 3 11-15-28債券 | Western Digital CORP | -0.6% | -80.39% | 減碼 |
| 17 | LITE 0.5 06-15-28債券 | Lumentum Holdings Inc | -0.6% | -80.14% | 減碼 |
| 18 | UBER 0 12-15-25債券 | Uber Technologies Inc | -0.6% | -57.79% | 減碼 |
| 19 | RIVN 4.625 03-15-29債券 | Rivian Auto Inc | -0.7% | -84.14% | 減碼 |
| 20 | W 3.25 09-15-27債券 | Wayfair Inc | -0.8% | -98.94% | 減碼 |
| 21 | AKAM 1.125 02-15-29債券 | Akamai Technologies Inc | -0.8% | -31.92% | 減碼 |
| 22 | COIN 0.25 04-01-30債券 | Coinbase Global Inc | -0.9% | -77.37% | 減碼 |
| 23 | NCLH 1.125 02-15-27債券 | Ncl Corporation LTD | -1% | -67.42% | 減碼 |
| 24 | DXCM 0.375 05-15-28債券 | Dexcom Inc | -1.1% | -49.02% | 減碼 |
| 25 | SPY | Ss Spdr S&p 500 ETF Trust-us | -1.3% | +34.47% | 減碼 |
| 26 | DOCN 0 12-01-26債券 | Digitalocean Holdings | -1.5% | -96.22% | 減碼 |
| 27 | MTH 1.75 05-15-28債券 | Meritage Homes CORP | — | NEW | 新建倉 |
| 28 | NEE 6.926 09-01-25債券 | Nextera Energy Inc | — | EXIT | 清倉 |
| 29 | PRGS 3.5 03-01-30債券 | Progress Software CORP | — | NEW | 新建倉 |
| 30 | BKNG 0.75 05-01-25債券 | Booking Holdings Inc | — | EXIT | 清倉 |
| 31 | BOX 1.5 09-15-29債券 | Box Inc | — | NEW | 新建倉 |
| 32 | SO 4.5 06-15-27債券 | Southern Co | — | NEW | 新建倉 |
| 33 | LYFT 0.625 03-01-29債券 | Lyft Inc | — | EXIT | 清倉 |
| 34 | SRPT 1.25 09-15-27債券 | Sarepta Therapeutics Inc | — | EXIT | 清倉 |
| 35 | SNOW 0 10-01-29債券 | Snowflake Inc | — | NEW | 新建倉 |
| 36 | SNAP 0.5 05-01-30債券 | Snap Inc | — | NEW | 新建倉 |
| 37 | BABA 0.5 06-01-31債券 | Alibaba Group Holding | — | NEW | 新建倉 |
| 38 | W 3.5 11-15-28債券 | Wayfair Inc | — | EXIT | 清倉 |
| 39 | VERX 0.75 05-01-29債券 | Vertex Inc | — | NEW | 新建倉 |
| 40 | BRKR 6.375 09-01-28債券 | Bruker CORP | — | NEW | 新建倉 |
| 41 | PMT 8.5 06-01-29債券 | Pennymac CORP | — | NEW | 新建倉 |
| 42 | RGEN 1 12-15-28債券 | Repligen CORP | — | NEW | 新建倉 |
| 43 | HAE 2.5 06-01-29債券 | Haemonetics CORP | — | NEW | 新建倉 |
| 44 | ACVT | Advent Convertible Bond ETF | — | NEW | 新建倉 |
| 45 | FOUR 6 05-01-28債券 | Shift4 Payments Inc | — | NEW | 新建倉 |
| 46 | LITE 0.5 12-15-26債券 | Lumentum Holdings Inc | — | EXIT | 清倉 |
| 47 | NET 0 08-15-26債券 | Cloudflare Inc | — | EXIT | 清倉 |
| 48 | WEC 4.375 06-01-29債券 | Wec Energy Group Inc | — | NEW | 新建倉 |
| 49 | PEB 1.75 12-15-26債券 | Pebblebrook Hotel Trust | — | EXIT | 清倉 |
| 50 | TCOM 0.75 06-15-29債券 | Trip.com Group LTD | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Advent Capital Management /de/ 在 Q3 2025 季度的美股持倉總市值約為 US$44.6億，共申報了 219 個公開持股部位。
在 Q3 2025 季度，Advent Capital Management /de/ 按市值排列的前三大核心持股分別為：BAC 7.25 PERP L (4.9%)、WFC 7.5 PERP L (4.7%)、UBER 0.875 12-01-28 2028 (4.0%)。其中最大持股部位 BAC 7.25 PERP L 佔據整體投資組合約 4.9% 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
MTH 1.75 05-15-28
市值: US$1.1億
本季最大獲利了結 / 清倉標的
NEE 6.926 09-01-25
前期市值: US$7218.2萬
在 Q3 2025 季度中，Advent Capital Management /de/ 共進行了 50 項持倉異動，包含新建倉 16 個部位、加碼 9 個部位、減碼 17 個部位以及清倉 8 個部位。 其中最大新建倉標的為 MTH 1.75 05-15-28。 本季清倉部位包含 NEE 6.926 09-01-25。
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。