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: 0001316507
申報總市值
US$300.7億
US$300.7億
879 檔
17.6%
在 Q2 2025 的 13F 官方備案中，Calamos Advisors LLC 管理的美股投資組合規模來到 US$300.7億，整體持股檔數為 879 檔。
Q2 2025 數據顯示 Calamos Advisors LLC 積極進場，新開立 43 個部位並同步加碼 66 檔個股，反映機構在該季度的資金注入與籌碼積累。
在資產配置集中度方面，Calamos Advisors LLC 的前 5 大核心持股（包含 SPY, NVDA, MSFT 等）合計佔整體申報市值的 17.6%，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 879 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 | 5.42% | -1.17% | +2.24% | |
| 2 | NVDA | Nvidia CORP | 股票-科技 | 4.78% | -0.37% | +2.23% | |
| 3 | MSFT | Microsoft CORP | 股票-科技 | 4.37% | -0.60% | -3.01% | |
| 4 | AAPL | Apple Inc | 股票-科技 | 3.35% | -0.40% | -2.93% | |
| 5 | AMZN | Amazon.com Inc | 股票-循環性消費 | 2.88% | -0.14% | -0.37% | |
| 6 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.97% | -0.25% | -0.76% | |
| 7 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 1.64% | -0.20% | -6.88% | |
| 8 | AVGO | Broadcom Inc | 股票-科技 | 1.51% | -0.08% | -2.32% | |
| 9 | BABA 0.5 06-01-31債券 | Alibaba Group Holding | 債券 | 1.26% | -0.19% | — | |
| 10 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 1.21% | -0.14% | +17.76% | |
| 11 | V | Visa Inc-class A Shares | 股票-金融 | 1.01% | -0.07% | +1.52% | |
| 12 | TSLA | Tesla Inc | 股票-循環性消費 | 0.98% | -0.06% | -1.77% | |
| 13 | NFLX | Netflix Inc | 股票-通訊服務 | 0.93% | -0.25% | +0.36% | |
| 14 | BA 6 10-15-27債券 | Boeing Co/the | 債券 | 0.92% | -0.04% | -14.14% | |
| 15 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 0.90% | -0.68% | +15.50% | |
| 16 | LLY | Eli Lilly & Co | 股票-醫療保健 | 0.85% | +0.12% | +2.00% | |
| 17 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.85% | -0.07% | -0.63% | |
| 18 | SPOT 0 03-15-26債券 | Spotify USA Inc | 債券 | 0.75% | — | +0.43% | |
| 19 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 0.67% | +0.05% | — | |
| 20 | WMT | Walmart Inc | 股票-非循環性消費 | 0.67% | -0.17% | -1.16% | |
| 21 | ORCL | Oracle CORP | 股票-科技 | 0.63% | -0.03% | +5.62% | |
| 22 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.60% | -0.04% | -13.76% | |
| 23 | WFC | Wells Fargo & Co | 股票-金融 | 0.57% | -0.09% | -6.86% | |
| 24 | WDC 3 11-15-28債券 | Western Digital CORP | 債券 | 0.55% | +1.33% | +9.33% | |
| 25 | SO 4.5 06-15-27債券 | Southern Co | 債券 | 0.55% | — | — | |
| 26 | MA | Mastercard Inc - A | 股票-金融 | 0.55% | -0.03% | -9.65% | |
| 27 | AXON 0.5 12-15-27債券 | Axon Enterprise Inc | 債券 | 0.54% | — | -4.93% | |
| 28 | UBER 0.875 12-01-28 2028債券 | Uber Technologies Inc | 債券 | 0.54% | -0.03% | +0.21% | |
| 29 | XOM | Exxon Mobil CORP | 股票-能源 | 0.54% | -0.25% | +1.87% | |
| 30 | MSTR 0.625 03-15-30債券 | Strategy Inc | 債券 | 0.53% | -0.04% | -0.04% | |
| 31 | NOW | Servicenow Inc | 股票-科技 | 0.52% | -0.04% | +12.19% | |
| 32 | PPL 2.875 03-15-28債券 | Ppl Capital Funding Inc | 債券 | 0.50% | -0.02% | +7.24% | |
| 33 | BAC | Bank Of America CORP | 股票-金融 | 0.49% | +0.02% | -0.19% | |
| 34 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.49% | +0.19% | +16.22% | |
| 35 | BSX | Boston Scientific CORP | 股票-醫療保健 | 0.48% | -0.08% | +2.73% | |
| 36 | ABNB 0 03-15-26債券 | Airbnb Inc | 債券 | 0.48% | — | — | |
| 37 | MCHP 7.5 03-15-28債券 | Microchip Technology Inc | 債券 | 0.44% | -0.01% | +46.03% | |
| 38 | LIN | Linde plc | 股票-原物料 | 0.44% | -0.04% | +1.02% | |
| 39 | HPE 7.625 09-01-27債券 | Hp Enterprise Co | 債券 | 0.44% | +0.29% | +11.46% | |
| 40 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.43% | +0.05% | +0.36% | |
| 41 | STX 3.5 06-01-28債券 | Seagate Hdd Cayman | 債券 | 0.42% | +0.09% | +2.08% | |
| 42 | APO 6.75 07-31-26債券 | Apollo Global Management | 債券 | 0.42% | — | -6.33% | |
| 43 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.41% | -0.08% | +0.52% | |
| 44 | PM | Philip Morris International | 股票-非循環性消費 | 0.40% | — | -1.88% | |
| 45 | W 3.5 11-15-28債券 | Wayfair Inc | 債券 | 0.39% | -0.36% | EXIT | |
| 46 | ON 0.5 03-01-29債券 | On Semiconductor CORP | 債券 | 0.39% | +0.12% | -6.91% | |
| 47 | KKR 6.25 03-01-28 D債券 | Kkr & Co Inc | 債券 | 0.38% | -0.01% | +25.15% | |
| 48 | DUK 4.125 04-15-26債券 | Duke Energy CORP | 債券 | 0.38% | -0.31% | EXIT | |
| 49 | HD | Home Depot Inc | 股票-循環性消費 | 0.37% | -0.07% | +0.06% | |
| 50 | ABBV | Abbvie Inc | 股票-醫療保健 | 0.36% | -0.04% | -2.26% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | BABA 0.5 06-01-31債券 | Alibaba Group Holding | +1.3% | NEW | 新建倉 |
| 2 | NVDA | Nvidia CORP | +1.2% | +2.23% | 加碼 |
| 3 | MSFT | Microsoft CORP | +0.6% | -3.01% | 減碼 |
| 4 | SO 4.5 06-15-27債券 | Southern Co | +0.6% | NEW | 新建倉 |
| 5 | AVGO | Broadcom Inc | +0.5% | -2.32% | 減碼 |
| 6 | MKSI 1.25 06-01-30債券 | Mks Inc | +0.3% | NEW | 新建倉 |
| 7 | COIN 0.25 04-01-30債券 | Coinbase Global Inc | +0.3% | NEW | 新建倉 |
| 8 | MSTR 2.25 06-15-32債券 | Strategy Inc | +0.3% | NEW | 新建倉 |
| 9 | QXO 5.5 05-15-28債券 | Qxo Inc | +0.3% | NEW | 新建倉 |
| 10 | FOUR 6 05-01-28債券 | Shift4 Payments Inc | +0.3% | NEW | 新建倉 |
| 11 | META | Meta Platforms Inc-class A | +0.3% | -0.76% | 減碼 |
| 12 | NFLX | Netflix Inc | +0.2% | +0.36% | 加碼 |
| 13 | SNAP 0.5 05-01-30債券 | Snap Inc | +0.2% | NEW | 新建倉 |
| 14 | ORCL | Oracle CORP | +0.2% | +5.62% | 加碼 |
| 15 | MCHP 7.5 03-15-28債券 | Microchip Technology Inc | +0.2% | +46.03% | 加碼 |
| 16 | WEC 4.375 06-01-29債券 | Wec Energy Group Inc | +0.2% | NEW | 新建倉 |
| 17 | BKNG | Booking Holdings Inc | +0.2% | +74.06% | 加碼 |
| 18 | ITRI 1.375 07-15-30債券 | Itron Inc | +0.2% | NEW | 新建倉 |
| 19 | BL 1 06-01-29債券 | Blackline Inc | +0.2% | NEW | 新建倉 |
| 20 | WEC 4.375 06-01-27債券 | Wec Energy Group Inc | +0.2% | NEW | 新建倉 |
| 21 | TCOM 0.75 06-15-29債券 | Trip.com Group LTD | +0.2% | NEW | 新建倉 |
| 22 | WDC 3 11-15-28債券 | Western Digital CORP | +0.2% | +9.33% | 加碼 |
| 23 | JD 0.25 06-01-29債券 | Jd.com Inc | +0.2% | NEW | 新建倉 |
| 24 | COF | Capital One Financial CORP | +0.2% | NEW | 新建倉 |
| 25 | AXON 0.5 12-15-27債券 | Axon Enterprise Inc | +0.1% | -4.93% | 減碼 |
| 26 | TLT | Ishares 20+ Year Treasury Bd | +0.1% | NEW | 新建倉 |
| 27 | KEL | Kellanova | +0.1% | +375.12% | 加碼 |
| 28 | PLTR | Palantir Technologies Inc-a | +0.1% | +4.64% | 加碼 |
| 29 | FLR 1.125 08-15-29債券 | Fluor CORP | +0.1% | +194.94% | 加碼 |
| 30 | NOW | Servicenow Inc | +0.1% | +12.19% | 加碼 |
| 31 | INTU | Intuit Inc | +0.1% | +31.86% | 加碼 |
| 32 | GEV | GE Vernova Inc | +0.1% | +7.15% | 加碼 |
| 33 | LITE 1.5 12-15-29債券 | Lumentum Holdings Inc | +0.1% | +32.89% | 加碼 |
| 34 | STX 3.5 06-01-28債券 | Seagate Hdd Cayman | +0.1% | +2.08% | 加碼 |
| 35 | ALRM 0 01-15-26債券 | Alarm.com Hldgs Inc | +0.1% | NEW | 新建倉 |
| 36 | SNPS | Synopsys Inc | +0.1% | NEW | 新建倉 |
| 37 | UGI 5 06-01-28債券 | Ugi CORP | +0.1% | NEW | 新建倉 |
| 38 | SPOT 0 03-15-26債券 | Spotify USA Inc | +0.1% | +0.43% | 加碼 |
| 39 | MSTR 0.625 03-15-30債券 | Strategy Inc | +0.1% | -0.04% | 減碼 |
| 40 | MCHP 0.75 06-01-30債券 | Microchip Technology Inc | +0.1% | NEW | 新建倉 |
| 41 | AMZN | Amazon.com Inc | +0.1% | -0.37% | 減碼 |
| 42 | HPE 7.625 09-01-27債券 | Hp Enterprise Co | +0.1% | +11.46% | 加碼 |
| 43 | NSC | Norfolk Southern CORP | +0.1% | +83.83% | 加碼 |
| 44 | PCG 4.25 12-01-27債券 | Pg&e CORP | +0.1% | +196.05% | 加碼 |
| 45 | PTON 5.5 12-01-29債券 | Peloton Interactive Inc | +0.1% | NEW | 新建倉 |
| 46 | HAE 2.5 06-01-29債券 | Haemonetics CORP | +0.1% | NEW | 新建倉 |
| 47 | TSLA | Tesla Inc | +0.1% | -1.77% | 減碼 |
| 48 | XYZ 0 05-01-26債券 | Block Inc | +0.1% | +141.18% | 加碼 |
| 49 | SMCI 3.5 03-01-29債券 | Super Micro Computer Inc | +0.1% | +80.00% | 加碼 |
| 50 | ALRM 2.25 06-01-29債券 | Alarm.com Hldgs Inc | +0.1% | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Calamos Advisors LLC 在 Q2 2025 季度的美股持倉總市值約為 US$300.7億，共申報了 879 個公開持股部位。
在 Q2 2025 季度，Calamos Advisors LLC 按市值排列的前三大核心持股分別為：SPY (5.4%)、NVDA (4.8%)、MSFT (4.4%)。其中最大持股部位 SPY 佔據整體投資組合約 5.4% 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
BABA 0.5 06-01-31
市值: US$3.2億
本季最大獲利了結 / 清倉標的
PANW 0.375 06-01-25
前期市值: US$3.8億
在 Q2 2025 季度中，Calamos Advisors LLC 共進行了 196 項持倉異動，包含新建倉 43 個部位、加碼 66 個部位、減碼 64 個部位以及清倉 23 個部位。 其中最大新建倉標的為 BABA 0.5 06-01-31。 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。