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: 0001601086
申報總市值
US$81.7億
US$81.7億
202 檔
43.3%
在 Q2 2025 申報期間，Armistice Capital, LLC（CIK: 0001601086）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$81.7億，共持有 202 個公開申報部位。
從 Q2 2025 申報觀察，Armistice Capital, LLC 採取防禦導向的調倉策略，本季減碼 64 檔個股並出清 61 檔部位，顯示機構在該時期進行風險控制與流動性回收。
從部位權重觀察，前 5 大標的（包含 SPY, IWM, PTCT）累計市值佔比達 43.3%，是驅動 Armistice Capital, LLC 該季度整體投資組合績效表現的核心支柱。
本季最大新建倉標的
IBRX
市值: US$2049.7萬
本季最大獲利了結 / 清倉標的
SPB
前期市值: US$4944.1萬
僅顯示前 200 大持股（共 202 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 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 26.12% | +4.96% | — | |
| 2 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 26.06% | +5.89% | +4.48% | |
| 3 | PTCT | Ptc Therapeutics Inc | 股票-醫療保健 | 3.99% | -1.26% | -12.87% | |
| 4 | SUPN | Supernus Pharmaceuticals Inc | 股票-醫療保健 | 2.62% | -0.23% | -7.39% | |
| 5 | TVTX | Travere Therapeutics Inc | 股票-其他 | 2.27% | -1.15% | +0.05% | |
| 6 | INCY | Incyte CORP | 股票-醫療保健 | 1.57% | +0.15% | -20.07% | |
| 7 | MDGL | Madrigal Pharmaceuticals Inc | 股票-醫療保健 | 1.54% | -0.57% | -32.55% | |
| 8 | CYTK | Cytokinetics Inc | 股票-醫療保健 | 1.51% | -0.27% | -28.77% | |
| 9 | FIVN | Five9 Inc | 股票-科技 | 1.49% | -0.37% | +55.20% | |
| 10 | NBIX | Neurocrine Biosciences Inc | 股票-醫療保健 | 1.47% | -0.60% | -32.41% | |
| 11 | IMVT | Immunovant Inc | 股票-其他 | 1.44% | -1.03% | -3.70% | |
| 12 | GRFS | Grifols Sa-adr | 股票-其他 | 1.14% | -0.18% | -21.34% | |
| 13 | GEHC | GE Healthcare Technology | 股票-醫療保健 | 0.97% | -0.15% | EXIT | |
| 14 | REGN | Regeneron Pharmaceuticals | 股票-醫療保健 | 0.91% | +0.19% | -12.31% | |
| 15 | AMZN | Amazon.com Inc | 股票-循環性消費 | 0.83% | -0.14% | -16.92% | |
| 16 | STAA | Staar Surgical Co | 股票-其他 | 0.81% | — | -6.27% | |
| 17 | ARGX | Argenx Se - Adr | 股票-醫療保健 | 0.76% | — | -18.37% | |
| 18 | MCD | Mcdonald's CORP | 股票-循環性消費 | 0.72% | -0.06% | EXIT | |
| 19 | MSFT | Microsoft CORP | 股票-科技 | 0.72% | +0.05% | -36.56% | |
| 20 | EXK | Exact Sciences CORP | 股票-原物料 | 0.68% | — | -58.14% | |
| 21 | AGIO | Agios Pharmaceuticals Inc | 股票-其他 | 0.67% | -1.19% | -42.97% | |
| 22 | FRPT | Freshpet Inc | 股票-非循環性消費 | 0.66% | -0.24% | -21.14% | |
| 23 | TMCI | Treace Medical Concepts Inc | 股票-其他 | 0.64% | +0.16% | +0.79% | |
| 24 | KURA | Kura Oncology Inc | 股票-其他 | 0.62% | -0.05% | -5.66% | |
| 25 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 0.58% | -0.06% | -35.89% | |
| 26 | OFIX | Orthofix Medical Inc | 股票-其他 | 0.57% | -0.19% | +0.47% | |
| 27 | BHVN | Biohaven Ltd. | 股票-其他 | 0.52% | — | +27.64% | |
| 28 | RIGL | Rigel Pharmaceuticals Inc | 股票-其他 | 0.52% | +0.18% | +5.54% | |
| 29 | AUTL | Autolus Therapeutics PLC | 股票-其他 | 0.47% | -0.10% | +9.09% | |
| 30 | PENN | Penn Entertainment Inc | 股票-循環性消費 | 0.44% | -0.48% | -54.19% | |
| 31 | AVNS | Avanos Medical Inc | 股票-其他 | 0.43% | -0.50% | EXIT | |
| 32 | PFGC | Performance Food Group Co | 股票-非循環性消費 | 0.42% | — | -14.03% | |
| 33 | DYN | Dyne Therapeutics Inc | 股票-其他 | 0.42% | -0.18% | -7.51% | |
| 34 | IRON | Disc Medicine Inc | 股票-其他 | 0.40% | -0.20% | — | |
| 35 | ADBE | Adobe Inc | 股票-科技 | 0.40% | — | -46.41% | |
| 36 | MDT | Medtronic plc | 股票-醫療保健 | 0.40% | — | NEW | |
| 37 | EAT | Brinker International Inc | 股票-循環性消費 | 0.39% | — | NEW | |
| 38 | S | Sentinelone Inc -class A | 股票-科技 | 0.39% | -0.23% | -33.78% | |
| 39 | PLNT | Planet Fitness Inc - Cl A | 股票-循環性消費 | 0.38% | — | -42.44% | |
| 40 | MDB | Mongodb Inc | 股票-科技 | 0.37% | +0.04% | +130.17% | |
| 41 | IMCR | Immunocore Holdings Plc-adr | 股票-其他 | 0.37% | -0.09% | -30.67% | |
| 42 | IBRX | Immunitybio Inc | 股票-醫療保健 | 0.35% | — | — | |
| 43 | CHDN | Churchill Downs Inc | 股票-循環性消費 | 0.35% | — | +14.17% | |
| 44 | DDOG | Datadog Inc - Class A | 股票-科技 | 0.35% | -0.32% | -37.50% | |
| 45 | BCYC | Bicycle Therapeutics Plc-adr | 股票-其他 | 0.34% | -0.10% | +4.79% | |
| 46 | CMG | Chipotle Mexican Grill Inc | 股票-循環性消費 | 0.32% | — | +185.83% | |
| 47 | SNN | Smith & Nephew PLC -spon Adr | 股票-其他 | 0.28% | — | -70.49% | |
| 48 | WDAY | Workday Inc-class A | 股票-科技 | 0.27% | +0.06% | -38.38% | |
| 49 | ANGO | Angiodynamics Inc | 股票-其他 | 0.26% | -0.03% | -27.04% | |
| 50 | VYGR | Voyager Therapeutics Inc | 股票-其他 | 0.26% | -0.09% | -11.70% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | IWM | Ishares Russell 2000 ETF | +6% | +4.48% | 加碼 |
| 2 | SPY | Ss Spdr S&p 500 ETF Trust-us | +5.6% | — | 不變 |
| 3 | FIVN | Five9 Inc | +0.6% | +55.20% | 加碼 |
| 4 | GEHC | GE Healthcare Technology | +0.6% | +149.55% | 加碼 |
| 5 | MCD | Mcdonald's CORP | +0.5% | +258.95% | 加碼 |
| 6 | IBRX | Immunitybio Inc | +0.4% | NEW | 新建倉 |
| 7 | MDB | Mongodb Inc | +0.3% | +130.17% | 加碼 |
| 8 | GTLB | Gitlab Inc-cl A | +0.3% | NEW | 新建倉 |
| 9 | CMG | Chipotle Mexican Grill Inc | +0.2% | +185.83% | 加碼 |
| 10 | TMO | Thermo Fisher Scientific Inc | +0.2% | NEW | 新建倉 |
| 11 | AUTL | Autolus Therapeutics PLC | +0.2% | +9.09% | 加碼 |
| 12 | JNJ | Johnson & Johnson | +0.2% | NEW | 新建倉 |
| 13 | EAT | Brinker International Inc | +0.2% | +28.74% | 加碼 |
| 14 | LTH | Life Time Group Holdings Inc | +0.2% | NEW | 新建倉 |
| 15 | VSTM | Verastem Inc | +0.2% | NEW | 新建倉 |
| 16 | RRR | Red Rock Resorts Inc-class A | +0.1% | NEW | 新建倉 |
| 17 | QSR | Restaurant Brands Intern | +0.1% | NEW | 新建倉 |
| 18 | PII | Polaris Inc | +0.1% | NEW | 新建倉 |
| 19 | CCL1EUR | Carnival CORP LTD | +0.1% | NEW | 新建倉 |
| 20 | BABA | Alibaba Group Holding-sp Adr | +0.1% | NEW | 新建倉 |
| 21 | HST | Host Hotels & Resorts Inc | +0.1% | NEW | 新建倉 |
| 22 | HUBS | Hubspot Inc | +0.1% | +83.63% | 加碼 |
| 23 | RIGL | Rigel Pharmaceuticals Inc | +0.1% | +5.54% | 加碼 |
| 24 | ELF | Elf Beauty Inc | +0.1% | NEW | 新建倉 |
| 25 | FLUT | Flutter Entertainment plc | +0.1% | NEW | 新建倉 |
| 26 | FWRG | First Watch Restaurant Group | +0.1% | NEW | 新建倉 |
| 27 | H | Hyatt Hotels CORP - Cl A | +0.1% | NEW | 新建倉 |
| 28 | INGN | Inogen Inc | +0.1% | NEW | 新建倉 |
| 29 | RDDT | Reddit Inc-cl A | +0.1% | +47.22% | 加碼 |
| 30 | AMZN | Amazon.com Inc | +0.1% | -16.92% | 減碼 |
| 31 | IRON | Disc Medicine Inc | +0.1% | — | 不變 |
| 32 | SUPN | Supernus Pharmaceuticals Inc | +0.1% | -7.39% | 減碼 |
| 33 | WYNN | Wynn Resorts LTD | +0.1% | NEW | 新建倉 |
| 34 | ARVN | Arvinas Inc | +0.1% | NEW | 新建倉 |
| 35 | NTLA | Intellia Therapeutics Inc | +0.1% | +78.57% | 加碼 |
| 36 | IMVT | Immunovant Inc | +0.1% | -3.70% | 減碼 |
| 37 | ✓ | Mobix Labs Inc | +0.1% | NEW | 新建倉 |
| 38 | GKOS | Glaukos CORP | +0.1% | NEW | 新建倉 |
| 39 | NKTR | Nektar Therapeutics | +0.1% | NEW | 新建倉 |
| 40 | BSX | Boston Scientific CORP | +0.1% | +50.72% | 加碼 |
| 41 | AXGN | Axogen Inc | +0.1% | +106.46% | 加碼 |
| 42 | CHDN | Churchill Downs Inc | +0.1% | +14.17% | 加碼 |
| 43 | INCY | Incyte CORP | +0.1% | -20.07% | 減碼 |
| 44 | AVPT | Avepoint Inc | +0.1% | NEW | 新建倉 |
| 45 | LLY | Eli Lilly & Co | +0.1% | +1137.46% | 加碼 |
| 46 | LIVN | LivaNova PLC | +0.1% | NEW | 新建倉 |
| 47 | CROX | Crocs Inc | 0% | NEW | 新建倉 |
| 48 | MLYS | Mineralys Therapeutics Inc | 0% | NEW | 新建倉 |
| 49 | CNDT | Conduent Inc | 0% | NEW | 新建倉 |
| 50 | VNRXGBP | Volitionrx LTD | 0% | +3.49% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Armistice Capital, LLC 在 Q2 2025 季度的美股持倉總市值約為 US$81.7億，共申報了 202 個公開持股部位。
在 Q2 2025 季度，Armistice Capital, LLC 按市值排列的前三大核心持股分別為：SPY (26.1%)、IWM (26.1%)、PTCT (4.0%)。其中最大持股部位 SPY 佔據整體投資組合約 26.1% 的權重。
在 Q2 2025 季度中，Armistice Capital, LLC 共進行了 197 項持倉異動，包含新建倉 40 個部位、加碼 32 個部位、減碼 64 個部位以及清倉 61 個部位。 其中最大新建倉標的為 IBRX。 本季清倉部位包含 SPB。
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。
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。
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。