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: 0001167456
申報總市值
US$70.2億
US$70.2億
403 檔
7.3%
AQR Arbitrage LLC 在 Q1 2025 季度的美股部位總計估值為 US$70.2億，分散於 403 個持倉標的之中，反映其市場參與廣度與投資規模。
觀察 Q1 2025 的資金脈絡，AQR Arbitrage LLC 在獲利結算 84 檔個股的同時，將資本重新部署至 109 檔新選標的，展現主動管理機構的輪動節奏。
在資產配置集中度方面，AQR Arbitrage LLC 的前 5 大核心持股（包含 LRN 1.125 09-01-27, IDCC 3.5 06-01-27, HES 等）合計佔整體申報市值的 7.3%，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 403 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 | LRN 1.125 09-01-27債券 | Stride Inc | 債券 | 2.87% | — | +2.42% | |
| 2 | IDCC 3.5 06-01-27債券 | Interdigital Inc | 債券 | 2.56% | — | — | |
| 3 | HES | Hess CORP | 股票-其他 | 2.35% | — | +20.62% | |
| 4 | F 0 03-15-26債券 | Ford Motor Company | 債券 | 2.33% | — | +69.25% | |
| 5 | LUV 1.25 05-01-25債券 | Southwest Airlines Co | 債券 | 2.05% | — | +30.00% | |
| 6 | APY1EUR | Championx CORP | 股票-其他 | 2.04% | — | +3.37% | |
| 7 | MMYT 0 02-15-28債券 | Makemytrip Limited | 債券 | 1.94% | — | +14.07% | |
| 8 | DFSEUR | Discover Financial Services | 股票-其他 | 1.84% | — | +84.80% | |
| 9 | AEBA | Allete Inc | 股票-其他 | 1.84% | — | +39.67% | |
| 10 | MSTR | Strategy Inc | 股票-科技 | 1.80% | — | -71.06% | |
| 11 | TDOC 0.875 06-01-25債券 | Livongo Health | 債券 | 1.59% | — | — | |
| 12 | PATK 1.75 12-01-28債券 | Patrick Industries Inc | 債券 | 1.42% | — | +80.85% | |
| 13 | Z 2.75 05-15-25債券 | Zillow Group Inc | 債券 | 1.39% | — | +839.90% | |
| 14 | EXAS 0.375 03-01-28債券 | Exact Sciences CORP | 債券 | 1.37% | — | +717.52% | |
| 15 | ESGRP | Enstar Group Limited - Deposita | 股票-其他 | 1.37% | — | +2.35% | |
| 16 | BERYEUR | Berry Global Group Inc | 股票-其他 | 1.28% | — | -6.59% | |
| 17 | AMED | Amedisys Inc | 股票-其他 | 1.26% | — | +22.37% | |
| 18 | IPG | Interpublic Group Of Cos Inc | 股票-其他 | 1.24% | — | +158.51% | |
| 19 | LYV 3.125 01-15-29債券 | Live Nation Entertainmen | 債券 | 1.15% | — | — | |
| 20 | KEL | Kellanova | 股票-其他 | 1.11% | — | +55.82% | |
| 21 | RIG 4.625 09-30-29 *債券 | Transocean Interntnl LTD | 債券 | 1.04% | — | — | |
| 22 | AKAM 0.125 05-01-25債券 | Akamai Technologies Inc | 債券 | 1.00% | — | +519.42% | |
| 23 | BMRN 1.25 05-15-27債券 | Biomarin Pharmaceutical | 債券 | 0.98% | — | +214.37% | |
| 24 | G2C | Everi Holdings Inc | 股票-其他 | 0.94% | — | +55.34% | |
| 25 | AKX | Ansys Inc | 股票-其他 | 0.94% | — | +16.45% | |
| 26 | ETSY 0.125 10-01-26債券 | Etsy Inc | 債券 | 0.93% | — | +93.51% | |
| 27 | SHOPCN 0.125 11-01-25債券 | Shopify Inc | 債券 | 0.90% | — | — | |
| 28 | SMCI 3.5 03-01-29債券 | Super Micro Computer Inc | 債券 | 0.90% | -0.69% | — | |
| 29 | S9Q | Spirit Aerosystems Hold-cl A | 股票-其他 | 0.89% | — | +73.91% | |
| 30 | BECNUSD | Beacon Roofing Supply Inc | 股票-其他 | 0.88% | — | — | |
| 31 | DDOG 0.125 06-15-25債券 | Datadog Inc | 債券 | 0.88% | — | +59.97% | |
| 32 | PD 1.5 10-15-28 *債券 | Pagerduty Inc. | 債券 | 0.87% | — | — | |
| 33 | RCL 6 08-15-25債券 | Royal Caribbean Cruises | 債券 | 0.85% | — | +189.03% | |
| 34 | WKC 3.25 07-01-28債券 | World Kinect Group | 債券 | 0.82% | — | -14.30% | |
| 35 | F | Ford Motor Co | 股票-循環性消費 | 0.82% | — | — | |
| 36 | DXCM 0.375 05-15-28債券 | Dexcom Inc | 債券 | 0.79% | -1.27% | EXIT | |
| 37 | HEESEUR | H&e Equipment Services Inc | 股票-其他 | 0.79% | — | — | |
| 38 | ITCIEUR | Intra-cellular Therapies Inc | 股票-其他 | 0.79% | — | — | |
| 39 | DBX 0 03-01-28債券 | Dropbox Inc | 債券 | 0.78% | — | +27.54% | |
| 40 | ✓ | Paycor Hcm Inc Com | 股票-其他 | 0.78% | — | — | |
| 41 | ✓ | Despegar.com CORP | 股票-其他 | 0.77% | — | +2701.87% | |
| 42 | ARES | Ares Management Corporation | 股票-金融 | 0.76% | — | -5.90% | |
| 43 | AAL 6.5 07-01-25債券 | American Airlines Group | 債券 | 0.74% | — | -35.68% | |
| 44 | NCLH 5.375 08-01-25債券 | Ncl Corporation LTD | 債券 | 0.71% | — | +51.43% | |
| 45 | APO 6.75 07-31-26債券 | Apollo Global Management | 債券 | 0.71% | — | +102.04% | |
| 46 | U 0 11-15-26債券 | Unity Software Inc | 債券 | 0.68% | — | — | |
| 47 | DXCM 0.25 11-15-25債券 | Dexcom Inc | 債券 | 0.68% | — | — | |
| 48 | PDCOEUR | Patterson Cos Inc | 股票-其他 | 0.68% | — | +130.70% | |
| 49 | ON 0.5 03-01-29債券 | On Semiconductor CORP | 債券 | 0.67% | -1.37% | -23.80% | |
| 50 | JWNUSD | Nordstrom Inc | 股票-其他 | 0.65% | — | +182.18% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | EXAS 0.375 03-01-28債券 | Exact Sciences CORP | +0.8% | +717.52% | 加碼 |
| 2 | LUV 1.25 05-01-25債券 | Southwest Airlines Co | +0.7% | +30.00% | 加碼 |
| 3 | AKAM 0.125 05-01-25債券 | Akamai Technologies Inc | +0.5% | +519.42% | 加碼 |
| 4 | BMRN 1.25 05-15-27債券 | Biomarin Pharmaceutical | +0.4% | +214.37% | 加碼 |
| 5 | JAZZ 2 06-15-26債券 | Jazz Investments I LTD | -0.4% | — | 減碼 |
| 6 | EXAS 0.375 03-15-27債券 | Exact Sciences CORP | -0.4% | — | 減碼 |
| 7 | AAL 6.5 07-01-25債券 | American Airlines Group | -1.2% | -35.68% | 減碼 |
| 8 | LRN 1.125 09-01-27債券 | Stride Inc | — | NEW | 新建倉 |
| 9 | IDCC 3.5 06-01-27債券 | Interdigital Inc | — | NEW | 新建倉 |
| 10 | HES | Hess CORP | — | NEW | 新建倉 |
| 11 | F 0 03-15-26債券 | Ford Motor Company | — | NEW | 新建倉 |
| 12 | APY1EUR | Championx CORP | — | NEW | 新建倉 |
| 13 | MMYT 0 02-15-28債券 | Makemytrip Limited | — | NEW | 新建倉 |
| 14 | DFSEUR | Discover Financial Services | — | NEW | 新建倉 |
| 15 | AEBA | Allete Inc | — | NEW | 新建倉 |
| 16 | MSTR | Strategy Inc | — | NEW | 新建倉 |
| 17 | TDOC 0.875 06-01-25債券 | Livongo Health | — | NEW | 新建倉 |
| 18 | PANW 0.375 06-01-25債券 | Palo Alto Networks | — | EXIT | 清倉 |
| 19 | PATK 1.75 12-01-28債券 | Patrick Industries Inc | — | NEW | 新建倉 |
| 20 | Z 2.75 05-15-25債券 | Zillow Group Inc | — | NEW | 新建倉 |
| 21 | ESGRP | Enstar Group Limited - Deposita | — | NEW | 新建倉 |
| 22 | AKAM 0.375 09-01-27債券 | Akamai Technologies Inc | — | EXIT | 清倉 |
| 23 | BERYEUR | Berry Global Group Inc | — | NEW | 新建倉 |
| 24 | AMED | Amedisys Inc | — | NEW | 新建倉 |
| 25 | XYZ 0.125 03-01-25債券 | Block Inc | — | EXIT | 清倉 |
| 26 | IPG | Interpublic Group Of Cos Inc | — | NEW | 新建倉 |
| 27 | LYV 3.125 01-15-29債券 | Live Nation Entertainmen | — | NEW | 新建倉 |
| 28 | KEL | Kellanova | — | NEW | 新建倉 |
| 29 | RIG 4.625 09-30-29 *債券 | Transocean Interntnl LTD | — | NEW | 新建倉 |
| 30 | W 1 08-15-26債券 | Wayfair Inc | — | EXIT | 清倉 |
| 31 | G2C | Everi Holdings Inc | — | NEW | 新建倉 |
| 32 | AKX | Ansys Inc | — | NEW | 新建倉 |
| 33 | ETSY 0.125 10-01-26債券 | Etsy Inc | — | NEW | 新建倉 |
| 34 | SHOPCN 0.125 11-01-25債券 | Shopify Inc | — | NEW | 新建倉 |
| 35 | PBCTEUR | People's United Financial | — | EXIT | 清倉 |
| 36 | SMCI 3.5 03-01-29債券 | Super Micro Computer Inc | — | NEW | 新建倉 |
| 37 | CNX 2.25 05-01-26債券 | Cnx Resources CORP | — | EXIT | 清倉 |
| 38 | S9Q | Spirit Aerosystems Hold-cl A | — | NEW | 新建倉 |
| 39 | MXIM | Maxim Integrated Products | — | EXIT | 清倉 |
| 40 | BECNUSD | Beacon Roofing Supply Inc | — | NEW | 新建倉 |
| 41 | PD 1.5 10-15-28 *債券 | Pagerduty Inc. | — | NEW | 新建倉 |
| 42 | WGO 1.5 04-01-25債券 | Winnebago Industries | — | EXIT | 清倉 |
| 43 | RCL 6 08-15-25債券 | Royal Caribbean Cruises | — | NEW | 新建倉 |
| 44 | AAWW 1.875 06-01-24債券 | Atlas Air Worldwide Hldg | — | EXIT | 清倉 |
| 45 | WKC 3.25 07-01-28債券 | World Kinect Group | — | NEW | 新建倉 |
| 46 | F | Ford Motor Co | — | NEW | 新建倉 |
| 47 | IHS | IHS Holding Limited | — | EXIT | 清倉 |
| 48 | FBCUSD | Flagstar Bancorp Inc | — | EXIT | 清倉 |
| 49 | ✓ | Ppd Inc | — | EXIT | 清倉 |
| 50 | DXCM 0.375 05-15-28債券 | Dexcom Inc | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，AQR Arbitrage LLC 在 Q1 2025 季度的美股持倉總市值約為 US$70.2億，共申報了 403 個公開持股部位。
在 Q1 2025 季度，AQR Arbitrage LLC 按市值排列的前三大核心持股分別為：LRN 1.125 09-01-27 (2.9%)、IDCC 3.5 06-01-27 (2.6%)、HES (2.4%)。其中最大持股部位 LRN 1.125 09-01-27 佔據整體投資組合約 2.9% 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
LRN 1.125 09-01-27
市值: US$1.2億
本季最大獲利了結 / 清倉標的
PANW 0.375 06-01-25
前期市值: US$6215.9萬
在 Q1 2025 季度中，AQR Arbitrage LLC 共進行了 200 項持倉異動，包含新建倉 109 個部位、加碼 4 個部位、減碼 3 個部位以及清倉 84 個部位。 其中最大新建倉標的為 LRN 1.125 09-01-27。 本季清倉部位包含 PANW 0.375 06-01-25。
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。