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: 0002135379
申報總市值
US$1.6億
US$1.6億
150 檔
12.2%
在 Q1 2026 申報期間，Ares Systematic Credit Ltd（CIK: 0002135379）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$1.6億，共持有 150 個公開申報部位。
觀察 Q1 2026 的資金脈絡，Ares Systematic Credit Ltd 在獲利結算 51 檔個股的同時，將資本重新部署至 56 檔新選標的，展現主動管理機構的輪動節奏。
從部位權重觀察，前 5 大標的（包含 ALRM 2.25 06-01-29, WEC 4.375 06-01-27, GPN 1.5 03-01-31）累計市值佔比達 12.2%，是驅動 Ares Systematic Credit Ltd 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 | ALRM 2.25 06-01-29債券 | Alarm.com Hldgs Inc | 債券 | 3.35% | -1.91% | +6.98% | |
| 2 | WEC 4.375 06-01-27債券 | Wec Energy Group Inc | 債券 | 3.32% | -2.00% | +75.00% | |
| 3 | GPN 1.5 03-01-31債券 | Global Payments Inc | 債券 | 3.25% | -3.06% | — | |
| 4 | BTU 3.25 03-01-28債券 | Peabody Energy CORP | 債券 | 3.04% | -3.04% | EXIT | |
| 5 | NVST 1.75 08-15-28債券 | Envista Holdings CORP | 債券 | 2.89% | -2.89% | EXIT | |
| 6 | JBLU 2.5 09-01-29債券 | Jetblue Airways CORP | 債券 | 2.69% | +0.01% | +3600.00% | |
| 7 | AKAM 1.125 02-15-29債券 | Akamai Technologies Inc | 債券 | 2.65% | -0.62% | +15.38% | |
| 8 | MTSI 0 12-15-29債券 | Macom Tech Solutions | 債券 | 2.21% | -2.07% | — | |
| 9 | SMCI 2.25 07-15-28債券 | Super Micro Computer Inc | 債券 | 2.17% | -0.92% | — | |
| 10 | WK 1.25 08-15-28債券 | Workiva Inc | 債券 | 1.84% | -1.67% | -40.48% | |
| 11 | ETSY 0.125 10-01-26債券 | Etsy Inc | 債券 | 1.78% | -1.78% | EXIT | |
| 12 | RIVN 4.625 03-15-29債券 | Rivian Auto Inc | 債券 | 1.74% | -1.74% | EXIT | |
| 13 | RIVN 3.625 10-15-30債券 | Rivian Auto Inc | 債券 | 1.70% | -0.34% | +35.29% | |
| 14 | EVRG 4.5 12-15-27債券 | Evergy Inc | 債券 | 1.70% | -0.32% | -36.00% | |
| 15 | SO 4.5 06-15-27債券 | Southern Co | 債券 | 1.67% | -1.67% | EXIT | |
| 16 | COGT 1.625 11-15-31債券 | Cogent Biosciences Inc | 債券 | 1.66% | -1.66% | EXIT | |
| 17 | DOCN 0 12-01-26債券 | Digitalocean Holdings | 債券 | 1.62% | -1.62% | EXIT | |
| 18 | LCII 3 03-01-30債券 | Lci Industries | 債券 | 1.59% | -1.59% | EXIT | |
| 19 | FIVN 1 03-15-29債券 | Five9 Inc | 債券 | 1.58% | +1.12% | +2200.00% | |
| 20 | WGO 3.25 01-15-30債券 | Winnebago Industries | 債券 | 1.58% | -1.58% | EXIT | |
| 21 | ATEC 0.75 03-15-30債券 | Alphatec Holdings Inc | 債券 | 1.55% | -1.55% | EXIT | |
| 22 | IMCR 2.5 02-01-30債券 | Immunocore Holdings | 債券 | 1.54% | -1.54% | EXIT | |
| 23 | PNW 4.75 06-15-27債券 | Pinnacle West Capital | 債券 | 1.54% | -0.02% | — | |
| 24 | NEE 3 03-01-27債券 | Nextera Energy Capital | 債券 | 1.53% | -0.33% | -12.50% | |
| 25 | HLF 4.25 06-15-28債券 | Herbalife LTD | 債券 | 1.50% | -1.50% | EXIT | |
| 26 | SNAP 0.5 05-01-30債券 | Snap Inc | 債券 | 1.49% | -0.30% | — | |
| 27 | SPB 3.375 06-01-29債券 | Spectrum Brands Inc | 債券 | 1.48% | -0.22% | — | |
| 28 | AKAM 0.375 09-01-27債券 | Akamai Technologies Inc | 債券 | 1.43% | +0.54% | -30.43% | |
| 29 | SNOW 0 10-01-29債券 | Snowflake Inc | 債券 | 1.36% | +0.25% | +600.00% | |
| 30 | WDC 3 11-15-28債券 | Western Digital CORP | 債券 | 1.05% | -0.03% | — | |
| 31 | VAC 3.25 12-15-27債券 | Marriott Vacation Worldw | 債券 | 0.99% | +0.02% | — | |
| 32 | TE 5.25 12-01-30債券 | T1 Energy Inc | 債券 | 0.96% | +0.83% | — | |
| 33 | CRNC 1.5 07-01-28債券 | Cerence Inc | 債券 | 0.85% | -0.18% | — | |
| 34 | ARWR 0 01-15-32債券 | Arrowhead Research CORP | 債券 | 0.78% | -0.71% | — | |
| 35 | BSY 0.375 07-01-27債券 | Bentley Systems | 債券 | 0.75% | -0.69% | +900.00% | |
| 36 | LITE 1.5 12-15-29債券 | Lumentum Holdings Inc | 債券 | 0.75% | -0.75% | EXIT | |
| 37 | BOX 1.5 09-15-29債券 | Box Inc | 債券 | 0.72% | -0.72% | EXIT | |
| 38 | U | Unity Software Inc | 股票-科技 | 0.69% | -0.11% | +155.01% | |
| 39 | XMTR 1 02-01-27債券 | Xometry Inc | 債券 | 0.66% | +0.18% | — | |
| 40 | PATK 1.75 12-01-28債券 | Patrick Industries Inc | 債券 | 0.66% | -0.66% | EXIT | |
| 41 | BA 6 10-15-27債券 | Boeing Co/the | 債券 | 0.64% | -0.10% | — | |
| 42 | CSWC 5.125 11-15-29債券 | Capital Southwest CORP | 債券 | 0.63% | +0.64% | — | |
| 43 | ARWR | Arrowhead Pharmaceuticals In | 股票-醫療保健 | 0.60% | -0.60% | EXIT | |
| 44 | IONS 1.75 06-15-28債券 | Ionis Pharmaceuticals In | 債券 | 0.58% | -0.49% | -61.54% | |
| 45 | GWRE | Guidewire Software Inc | 股票-科技 | 0.57% | +0.01% | — | |
| 46 | BE | Bloom Energy Corp- A | 股票-工業 | 0.57% | +0.06% | -36.81% | |
| 47 | FSLY | Fastly Inc - Class A | 股票-科技 | 0.57% | -0.10% | -16.29% | |
| 48 | COIN | Coinbase Global Inc -class A | 股票-金融 | 0.57% | -0.33% | +290.38% | |
| 49 | NVAX | Novavax Inc | 股票-醫療保健 | 0.57% | -0.11% | -20.33% | |
| 50 | SEI 0.25 10-01-31債券 | Solaris Energy Infrastru | 債券 | 0.57% | -0.17% | -84.21% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | JBLU 2.5 09-01-29債券 | Jetblue Airways CORP | +2.6% | +3600.00% | 加碼 |
| 2 | FIVN 1 03-15-29債券 | Five9 Inc | +1.5% | +2200.00% | 加碼 |
| 3 | WGO 3.25 01-15-30債券 | Winnebago Industries | +1.5% | +2100.00% | 加碼 |
| 4 | WEC 4.375 06-01-27債券 | Wec Energy Group Inc | +1.5% | +75.00% | 加碼 |
| 5 | SNOW 0 10-01-29債券 | Snowflake Inc | +1.1% | +600.00% | 加碼 |
| 6 | NVST 1.75 08-15-28債券 | Envista Holdings CORP | +1% | +54.17% | 加碼 |
| 7 | BSY 0.375 07-01-27債券 | Bentley Systems | +0.7% | +900.00% | 加碼 |
| 8 | AKAM 1.125 02-15-29債券 | Akamai Technologies Inc | +0.6% | +15.38% | 加碼 |
| 9 | DOCN 0 12-01-26債券 | Digitalocean Holdings | +0.5% | +50.00% | 加碼 |
| 10 | COIN | Coinbase Global Inc -class A | +0.4% | +290.38% | 加碼 |
| 11 | LITE 1.5 12-15-29債券 | Lumentum Holdings Inc | +0.3% | — | 不變 |
| 12 | WDC 3 11-15-28債券 | Western Digital CORP | +0.3% | — | 不變 |
| 13 | FSLY | Fastly Inc - Class A | +0.3% | -16.29% | 減碼 |
| 14 | XYZ | Block Inc | +0.2% | +101.15% | 加碼 |
| 15 | MSTR 0 12-01-29債券 | Strategy Inc | +0.2% | +100.00% | 加碼 |
| 16 | SYNA | Synaptics Inc | +0.2% | +85.71% | 加碼 |
| 17 | RIVN 3.625 10-15-30債券 | Rivian Auto Inc | +0.1% | +35.29% | 加碼 |
| 18 | MKSI 1.25 06-01-30債券 | Mks Inc | +0.1% | +100.00% | 加碼 |
| 19 | JAZZ 3.125 09-15-30債券 | Jazz Investments I LTD | +0.1% | +100.00% | 加碼 |
| 20 | U | Unity Software Inc | +0.1% | +155.01% | 加碼 |
| 21 | STX 3.5 06-01-28債券 | Seagate Hdd Cayman | +0.1% | — | 不變 |
| 22 | VSH 2.25 09-15-30債券 | Vishay Intertechnology | +0.1% | +100.00% | 加碼 |
| 23 | ETSY 0.125 10-01-26債券 | Etsy Inc | +0.1% | +9.52% | 加碼 |
| 24 | GPRE 5.25 11-01-30 UNRS債券 | Green Plains Inc | 0% | -16.67% | 減碼 |
| 25 | COIN 0.25 04-01-30債券 | Coinbase Global Inc | 0% | +33.33% | 加碼 |
| 26 | COGT 1.625 11-15-31債券 | Cogent Biosciences Inc | 0% | +5.88% | 加碼 |
| 27 | ALRM 2.25 06-01-29債券 | Alarm.com Hldgs Inc | 0% | +6.98% | 加碼 |
| 28 | LMAT 2.5 02-01-30債券 | Lemaitre Vascular Inc | 0% | — | 不變 |
| 29 | PPL 2.875 03-15-28債券 | Ppl Capital Funding Inc | — | — | 不變 |
| 30 | KMI 4.75 03-31-28債券 | El Paso Energy Cap Trst | — | — | 不變 |
| 31 | SIRI 3.75 03-15-28債券 | Sirius Xm Holdings | — | — | 不變 |
| 32 | NCLH 1.125 02-15-27債券 | Ncl Corporation LTD | — | — | 不變 |
| 33 | XIFR | Xplr Infrastructure LP | — | — | 不變 |
| 34 | BXMT 5.5 03-15-27債券 | Blackstone Mortgage Tr | — | — | 不變 |
| 35 | BAND 0.5 04-01-28債券 | Bandwidth Inc | — | — | 不變 |
| 36 | ON 0.5 03-01-29債券 | On Semiconductor CORP | — | — | 不變 |
| 37 | HALO 1 08-15-28債券 | Halozyme Therapeutics In | 0% | — | 不變 |
| 38 | STWD 6.75 07-15-27債券 | Starwood Property Trust | 0% | — | 不變 |
| 39 | PMT 8.5 06-01-29債券 | Pennymac CORP | 0% | — | 不變 |
| 40 | AMPH 2 03-15-29債券 | Amphastar Pharmaceutical | 0% | — | 不變 |
| 41 | XYZ 0.25 11-01-27債券 | Block Inc | 0% | — | 不變 |
| 42 | GVA 3.75 05-15-28債券 | Granite Construction Inc | 0% | — | 不變 |
| 43 | GVA 3.25 06-15-30債券 | Granite Construction Inc | 0% | — | 不變 |
| 44 | MSTR 2.25 06-15-32債券 | Strategy Inc | 0% | — | 不變 |
| 45 | DKNG 0 03-15-28債券 | Draftkings Holdings Inc | 0% | — | 不變 |
| 46 | UGI 5 06-01-28債券 | Ugi CORP | 0% | — | 不變 |
| 47 | APLD 2.75 06-01-30債券 | Applied Digital CORP | 0% | — | 不變 |
| 48 | CRNC 1.5 07-01-28債券 | Cerence Inc | 0% | — | 不變 |
| 49 | UPWK | Upwork Inc | 0% | +78.08% | 加碼 |
| 50 | IDCC 3.5 06-01-27債券 | Interdigital Inc | 0% | — | 不變 |
根據 SEC 官方 Form 13F 申報備案，Ares Systematic Credit Ltd 在 Q1 2026 季度的美股持倉總市值約為 US$1.6億，共申報了 150 個公開持股部位。
在 Q1 2026 季度，Ares Systematic Credit Ltd 按市值排列的前三大核心持股分別為：ALRM 2.25 06-01-29 (3.4%)、WEC 4.375 06-01-27 (3.3%)、GPN 1.5 03-01-31 (3.3%)。其中最大持股部位 ALRM 2.25 06-01-29 佔據整體投資組合約 3.4% 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
GPN 1.5 03-01-31
市值: US$411.6萬
本季最大獲利了結 / 清倉標的
BMRN 1.25 05-15-27
前期市值: US$327.1萬
在 Q1 2026 季度中，Ares Systematic Credit Ltd 共進行了 164 項持倉異動，包含新建倉 56 個部位、加碼 27 個部位、減碼 30 個部位以及清倉 51 個部位。 其中最大新建倉標的為 GPN 1.5 03-01-31。 本季清倉部位包含 BMRN 1.25 05-15-27。
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。