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: 0000860662
申報總市值
US$10.6億
US$10.6億
63 檔
27.2%
Angelo Gordon & Co., L.p. 在 Q3 2025 季度的美股部位總計估值為 US$10.6億，分散於 63 個持倉標的之中，反映其市場參與廣度與投資規模。
Angelo Gordon & Co., L.p. 於 Q3 2025 展現出進攻型調倉步調，本季推動了 20 檔股票的新建倉與 9 檔既有部位加碼，整體資金傾向擴大在美股市場的曝險佈局。
從部位權重觀察，前 5 大標的（包含 REALOGY HLDGS CORP COM, EVRG 4.5 12-15-27, STWD 6.75 07-15-27）累計市值佔比達 27.2%，是驅動 Angelo Gordon & Co., L.p. 該季度整體投資組合績效表現的核心支柱。
| # | 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 | ✓ | Realogy Hldgs CORP Com | 股票-其他 | 12.56% | +0.40% | — | |
| 2 | EVRG 4.5 12-15-27債券 | Evergy Inc | 債券 | 6.15% | -0.98% | — | |
| 3 | STWD 6.75 07-15-27債券 | Starwood Property Trust | 債券 | 5.72% | — | — | |
| 4 | BAC 0.6 05-25-27 MTN債券 | Bofa Finance LLC | 債券 | 5.62% | -0.33% | +34.65% | |
| 5 | UGI 5 06-01-28債券 | Ugi CORP | 債券 | 5.16% | +0.19% | — | |
| 6 | WEC 4.375 06-01-29債券 | Wec Energy Group Inc | 債券 | 5.10% | -1.36% | -12.82% | |
| 7 | HPE 7.625 09-01-27債券 | Hp Enterprise Co | 債券 | 4.79% | -1.20% | -11.54% | |
| 8 | SO 4.5 06-15-27債券 | Southern Co | 債券 | 4.49% | -4.49% | EXIT | |
| 9 | PCG 4.25 12-01-27債券 | Pg&e CORP | 債券 | 3.71% | -1.28% | -33.33% | |
| 10 | VAC 3.25 12-15-27債券 | Marriott Vacation Worldw | 債券 | 3.61% | — | — | |
| 11 | KKR 6.25 03-01-28 D債券 | Kkr & Co Inc | 債券 | 3.45% | -3.45% | EXIT | |
| 12 | AWK 3.625 06-15-26債券 | American Water Capital C | 債券 | 2.88% | -2.88% | EXIT | |
| 13 | PCG 6 12-01-27 A債券 | Pg&e CORP | 債券 | 2.66% | +0.05% | -15.38% | |
| 14 | HOUS 0.25 06-15-26債券 | Anywhere Re Grp/realogy | 債券 | 2.59% | -2.55% | — | |
| 15 | PNW 4.75 06-15-27債券 | Pinnacle West Capital | 債券 | 2.43% | -0.06% | — | |
| 16 | BOX 1.5 09-15-29債券 | Box Inc | 債券 | 2.21% | — | — | |
| 17 | DUK 4.125 04-15-26債券 | Duke Energy CORP | 債券 | 2.10% | +1.40% | — | |
| 18 | MITT | Tpg Mortgage Investment Trus | 股票-其他 | 2.05% | -0.19% | +703.35% | |
| 19 | VRNA | Verona Pharma PLC - Adr | 股票-其他 | 1.89% | -1.89% | EXIT | |
| 20 | NGL | Ngl Energy Partners LP | 股票-其他 | 1.84% | +2.59% | +291.66% | |
| 21 | HA7 | Enviri CORP | 股票-其他 | 1.83% | +4.12% | -4.43% | |
| 22 | BRKR 6.375 09-01-28債券 | Bruker CORP | 債券 | 1.66% | +2.90% | — | |
| 23 | ETSY 0.25 06-15-28債券 | Etsy Inc | 債券 | 1.56% | -1.16% | — | |
| 24 | ARES 6.75 10-01-27 B債券 | Ares Management CORP | 債券 | 1.34% | +1.84% | — | |
| 25 | APO 6.75 07-31-26債券 | Apollo Global Management | 債券 | 1.29% | +0.49% | — | |
| 26 | VAC 0 01-15-26債券 | Marriott Vacation Worldw | 債券 | 1.20% | -1.20% | EXIT | |
| 27 | KEL | Kellanova | 股票-其他 | 1.12% | -1.12% | EXIT | |
| 28 | DKS | Dick's Sporting Goods Inc | 股票-循環性消費 | 1.06% | -1.06% | EXIT | |
| 29 | PPL 2.875 03-15-28債券 | Ppl Capital Funding Inc | 債券 | 1.05% | +1.59% | — | |
| 30 | S9Q | Spirit Aerosystems Hold-cl A | 股票-其他 | 0.94% | -0.94% | EXIT | |
| 31 | HAE 0 03-01-26債券 | Haemonetics CORP | 債券 | 0.72% | — | — | |
| 32 | HALO 0.25 03-01-27債券 | Halozyme Therapeutics In | 債券 | 0.70% | +0.32% | — | |
| 33 | TXNM | Txnm Energy Inc | 股票-公用事業 | 0.70% | -0.45% | — | |
| 34 | FOUR 6 05-01-28債券 | Shift4 Payments Inc | 債券 | 0.69% | — | +500.00% | |
| 35 | ✓ | Cyberark Software LTD. Cmn | 股票-其他 | 0.68% | +0.46% | — | |
| 36 | FYBR | Frontier Communications Pare | 股票-其他 | 0.65% | +0.61% | -38.43% | |
| 37 | IPG | Interpublic Group Of Cos Inc | 股票-其他 | 0.33% | -0.33% | EXIT | |
| 38 | DXCM 0.375 05-15-28債券 | Dexcom Inc | 債券 | 0.33% | +0.06% | — | |
| 39 | GTLS | Chart Industries Inc | 股票-工業 | 0.32% | +0.07% | — | |
| 40 | NSC | Norfolk Southern CORP | 股票-工業 | 0.18% | +0.65% | — | |
| 41 | INFA1EUR | Informatica Inc - Class A | 股票-其他 | 0.18% | -0.18% | EXIT | |
| 42 | TGNA | Tegna Inc | 股票-其他 | 0.16% | -0.16% | EXIT | |
| 43 | CORZ | Core Scientific Inc | 股票-科技 | 0.07% | — | — | |
| 44 | NBR 1.75 06-15-29債券 | Nabors Industries Inc | 債券 | 0.07% | — | — | |
| 45 | PAYO | Payoneer Global Inc | 股票-其他 | 0.05% | — | — | |
| 46 | WW | Ww International Inc-new | 股票-其他 | 0.04% | — | — | |
| 47 | SU6 | Surmodics Inc | 股票-其他 | 0.03% | — | -82.39% | |
| 48 | KDKRW | Ares Acquisition CORP Ii-28 | 股票-其他 | 0.01% | — | — | |
| 49 | MDAIW | Spectral Ai -cw27 | 股票-其他 | 0.01% | — | — | |
| 50 | AMODW | Insight Acquisition Co -cw23 | 股票-其他 | 0.01% | — | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | ✓ | Realogy Hldgs CORP Com | +7% | — | 不變 |
| 2 | MITT | Tpg Mortgage Investment Trus | +1.7% | +703.35% | 加碼 |
| 3 | BAC 0.6 05-25-27 MTN債券 | Bofa Finance LLC | +1.5% | +34.65% | 加碼 |
| 4 | PCG 4.25 12-01-27債券 | Pg&e CORP | +1.1% | -33.33% | 加碼 |
| 5 | KKR 6.25 03-01-28 D債券 | Kkr & Co Inc | +0.8% | +31.71% | 加碼 |
| 6 | AWK 3.625 06-15-26債券 | American Water Capital C | +0.2% | +56.67% | 加碼 |
| 7 | ETSY 0.25 06-15-28債券 | Etsy Inc | -0.2% | — | 加碼 |
| 8 | DUK 4.125 04-15-26債券 | Duke Energy CORP | -0.3% | — | 加碼 |
| 9 | VAC 3.25 12-15-27債券 | Marriott Vacation Worldw | -0.6% | — | 加碼 |
| 10 | HPE 7.625 09-01-27債券 | Hp Enterprise Co | -0.6% | -11.54% | 減碼 |
| 11 | EVRG 4.5 12-15-27債券 | Evergy Inc | -1% | — | 加碼 |
| 12 | FYBR | Frontier Communications Pare | -1.1% | -38.43% | 減碼 |
| 13 | KEL | Kellanova | -1.1% | -34.33% | 減碼 |
| 14 | PCG 6 12-01-27 A債券 | Pg&e CORP | -2.3% | -15.38% | 減碼 |
| 15 | CNK 4.5 08-15-25債券 | Cinemark Holdings Inc | — | EXIT | 清倉 |
| 16 | UGI 5 06-01-28債券 | Ugi CORP | — | NEW | 新建倉 |
| 17 | WEC 4.375 06-01-29債券 | Wec Energy Group Inc | — | NEW | 新建倉 |
| 18 | SO 4.5 06-15-27債券 | Southern Co | — | NEW | 新建倉 |
| 19 | AAL 6.5 07-01-25債券 | American Airlines Group | — | EXIT | 清倉 |
| 20 | CNP 4.25 08-15-26債券 | Centerpoint Energy Inc | — | EXIT | 清倉 |
| 21 | PNW 4.75 06-15-27債券 | Pinnacle West Capital | — | NEW | 新建倉 |
| 22 | BOX 1.5 09-15-29債券 | Box Inc | — | NEW | 新建倉 |
| 23 | AKAM 1.125 02-15-29債券 | Akamai Technologies Inc | — | EXIT | 清倉 |
| 24 | VRNA | Verona Pharma PLC - Adr | — | NEW | 新建倉 |
| 25 | NGL | Ngl Energy Partners LP | — | NEW | 新建倉 |
| 26 | HA7 | Enviri CORP | — | NEW | 新建倉 |
| 27 | HALO 1 08-15-28債券 | Halozyme Therapeutics In | — | EXIT | 清倉 |
| 28 | NEE 6.926 09-01-25債券 | Nextera Energy Inc | — | EXIT | 清倉 |
| 29 | BRKR 6.375 09-01-28債券 | Bruker CORP | — | NEW | 新建倉 |
| 30 | HES | Hess CORP | — | EXIT | 清倉 |
| 31 | APO 6.75 07-31-26債券 | Apollo Global Management | — | NEW | 新建倉 |
| 32 | VAC 0 01-15-26債券 | Marriott Vacation Worldw | — | NEW | 新建倉 |
| 33 | G2C | Everi Holdings Inc | — | EXIT | 清倉 |
| 34 | DKS | Dick's Sporting Goods Inc | — | NEW | 新建倉 |
| 35 | S9Q | Spirit Aerosystems Hold-cl A | — | NEW | 新建倉 |
| 36 | TG7 | Triumph Group Inc | — | EXIT | 清倉 |
| 37 | BECNUSD | Beacon Roofing Supply Inc | — | EXIT | 清倉 |
| 38 | HALO 0.25 03-01-27債券 | Halozyme Therapeutics In | — | NEW | 新建倉 |
| 39 | TXNM | Txnm Energy Inc | — | NEW | 新建倉 |
| 40 | FOUR 6 05-01-28債券 | Shift4 Payments Inc | — | NEW | 新建倉 |
| 41 | ✓ | Cyberark Software LTD. Cmn | — | NEW | 新建倉 |
| 42 | LIVN 2.5 03-15-29債券 | Livanova PLC | — | EXIT | 清倉 |
| 43 | HEESEUR | H&e Equipment Services Inc | — | EXIT | 清倉 |
| 44 | FIVN 1 03-15-29債券 | Five9 Inc | — | EXIT | 清倉 |
| 45 | IPG | Interpublic Group Of Cos Inc | — | NEW | 新建倉 |
| 46 | DXCM 0.375 05-15-28債券 | Dexcom Inc | — | NEW | 新建倉 |
| 47 | GTLS | Chart Industries Inc | — | NEW | 新建倉 |
| 48 | AGS | Playags Inc | — | EXIT | 清倉 |
| 49 | AMED | Amedisys Inc | — | EXIT | 清倉 |
| 50 | SIRI 3.75 03-15-28債券 | Sirius Xm Holdings | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Angelo Gordon & Co., L.p. 在 Q3 2025 季度的美股持倉總市值約為 US$10.6億，共申報了 63 個公開持股部位。
在 Q3 2025 季度，Angelo Gordon & Co., L.p. 按市值排列的前三大核心持股分別為：REALOGY HLDGS CORP COM (12.6%)、EVRG 4.5 12-15-27 (6.2%)、STWD 6.75 07-15-27 (5.7%)。其中最大持股部位 REALOGY HLDGS CORP COM 佔據整體投資組合約 12.6% 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
UGI 5 06-01-28
市值: US$4218.0萬
本季最大獲利了結 / 清倉標的
CNK 4.5 08-15-25
前期市值: US$5143.3萬
在 Q3 2025 季度中，Angelo Gordon & Co., L.p. 共進行了 49 項持倉異動，包含新建倉 20 個部位、加碼 9 個部位、減碼 4 個部位以及清倉 16 個部位。 其中最大新建倉標的為 UGI 5 06-01-28。 本季清倉部位包含 CNK 4.5 08-15-25。
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。
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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。