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: 0001301396
申報總市值
US$51.5億
US$51.5億
269 檔
16.9%
截至 Q3 2025 季度末，Context Capital Management, LLC 的美股持倉估值約為 US$51.5億，全數申報部位共有 269 檔。
在 Q3 2025，Context Capital Management, LLC 展現出較為審慎的避險與獲利了結姿態。本季共減碼 16 個部位並完全清倉 16 檔持股，調降曝險的部位數量高於加碼動作。
整體而言，Context Capital Management, LLC 的前 5 大持股（包含 ECHO 3.875 11-30-30, BE 3 06-01-28, PTON 5.5 12-01-29）貢獻了組合市值的 16.9%，形成該機構在 Q3 2025 季度的基本面基石。
僅顯示前 200 大持股（共 269 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 | ECHO 3.875 11-30-30債券 | Echostar CORP | 債券 | 7.98% | -1.18% | — | |
| 2 | BE 3 06-01-28債券 | Bloom Energy CORP | 債券 | 6.55% | — | -3.85% | |
| 3 | PTON 5.5 12-01-29債券 | Peloton Interactive Inc | 債券 | 5.35% | -0.24% | +15.38% | |
| 4 | TDOC 1.25 06-01-27債券 | Teladoc Health Inc | 債券 | 3.68% | -0.61% | +17.70% | |
| 5 | CNMD 2.25 06-15-27債券 | Conmed CORP | 債券 | 3.20% | -2.68% | EXIT | |
| 6 | BBIO 2.25 02-01-29債券 | Bridgebio Pharma Inc | 債券 | 2.98% | -0.63% | +34.59% | |
| 7 | EQXCN 4.75 10-15-28債券 | Equinox Gold CORP | 債券 | 2.70% | -0.25% | -6.99% | |
| 8 | PCRX 2.125 05-15-29債券 | Pacira Biosciences Inc | 債券 | 2.37% | -0.09% | +0.61% | |
| 9 | SSRMCN 2.5 04-01-39債券 | Ssr Mining Inc | 債券 | 2.27% | — | +29.93% | |
| 10 | GRPN 4.875 06-30-30 UNRS債券 | Groupon Inc | 債券 | 2.10% | -0.10% | — | |
| 11 | BE 3 06-01-29債券 | Bloom Energy CORP | 債券 | 1.97% | — | -5.20% | |
| 12 | IMCR 2.5 02-01-30債券 | Immunocore Holdings | 債券 | 1.96% | -0.38% | -10.94% | |
| 13 | CENX 2.75 05-01-28債券 | Century Aluminum Company | 債券 | 1.92% | -1.23% | -3.77% | |
| 14 | MSTR 0.875 03-15-31債券 | Strategy Inc | 債券 | 1.90% | -0.31% | — | |
| 15 | RIVN 4.625 03-15-29債券 | Rivian Auto Inc | 債券 | 1.86% | -0.57% | +74.59% | |
| 16 | PCT 7.25 08-15-30債券 | Purecycle Technologies | 債券 | 1.74% | -0.51% | EXIT | |
| 17 | EVH 3.5 12-01-29債券 | Evolent Health Inc | 債券 | 1.64% | +0.28% | +25.14% | |
| 18 | TVTX 2.25 03-01-29債券 | Travere Therapeutics Inc | 債券 | 1.62% | -1.55% | EXIT | |
| 19 | W 3.5 11-15-28債券 | Wayfair Inc | 債券 | 1.42% | -0.94% | EXIT | |
| 20 | GPRE 2.25 03-15-27債券 | Green Plains Inc | 債券 | 1.41% | -0.02% | +3.82% | |
| 21 | SEDG 2.25 07-01-29債券 | Solar Edge Technologies | 債券 | 1.35% | -0.87% | EXIT | |
| 22 | ARRY 1 12-01-28債券 | Array Technologies Inc | 債券 | 1.30% | -0.29% | +44.72% | |
| 23 | MITK 0.75 02-01-26債券 | Mitek Systems Inc | 債券 | 1.27% | — | +20.14% | |
| 24 | TXNM 5.75 06-01-54債券 | Txnm Energy Inc | 債券 | 1.13% | — | -3.78% | |
| 25 | ENOV 3.875 10-15-28債券 | Enovis CORP | 債券 | 1.00% | -0.13% | -5.73% | |
| 26 | RIVN 3.625 10-15-30債券 | Rivian Auto Inc | 債券 | 0.99% | -0.44% | -28.03% | |
| 27 | AGCN 0.375 01-15-27債券 | First Majestic Silver | 債券 | 0.92% | — | -8.61% | |
| 28 | NIO 3.875 10-15-29債券 | Nio Inc | 債券 | 0.91% | -0.60% | +604.53% | |
| 29 | PRCH 9 05-15-30債券 | Porch Group Inc | 債券 | 0.91% | +0.19% | +30.00% | |
| 30 | VSH 2.25 09-15-30債券 | Vishay Intertechnology | 債券 | 0.90% | -0.27% | EXIT | |
| 31 | SMCI 3.5 03-01-29債券 | Super Micro Computer Inc | 債券 | 0.88% | +0.89% | +129.20% | |
| 32 | SMTC 4 11-01-28債券 | Semtech CORP | 債券 | 0.85% | — | — | |
| 33 | TNDM 1.5 03-15-29 2024債券 | Tandem Diabetes Care Inc | 債券 | 0.84% | -0.54% | +46.54% | |
| 34 | IRWD 1.5 06-15-26債券 | Ironwood Pharmaceuticals | 債券 | 0.77% | -1.34% | EXIT | |
| 35 | PRO 2.5 07-01-30債券 | Pros Holdings Inc | 債券 | 0.75% | — | -36.81% | |
| 36 | HAE 2.5 06-01-29債券 | Haemonetics CORP | 債券 | 0.71% | — | +71.79% | |
| 37 | ✓ | Applied Optoele | 股票-其他 | 0.71% | -0.38% | EXIT | |
| 38 | ASRT 6.5 09-01-27債券 | Assertio Holdings Inc | 債券 | 0.69% | -0.56% | EXIT | |
| 39 | VERI 1.75 11-15-26債券 | Veritone Inc | 債券 | 0.67% | -0.05% | +13.93% | |
| 40 | CRNC 1.5 07-01-28債券 | Cerence Inc | 債券 | 0.66% | -0.09% | -12.00% | |
| 41 | SO 4.5 06-15-27債券 | Southern Co | 債券 | 0.65% | — | — | |
| 42 | GOSS 5 06-01-27債券 | Gossamer Bio Inc | 債券 | 0.64% | -0.46% | EXIT | |
| 43 | ALB 7.25 03-01-27債券 | Albemarle CORP | 債券 | 0.64% | — | — | |
| 44 | STWD 6.75 07-15-27債券 | Starwood Property Trust | 債券 | 0.63% | — | — | |
| 45 | BRKR 6.375 09-01-28債券 | Bruker CORP | 債券 | 0.63% | +0.11% | — | |
| 46 | EB 0.75 09-15-26債券 | Eventbrite Inc | 債券 | 0.62% | — | -47.76% | |
| 47 | CSWC 5.125 11-15-29債券 | Capital Southwest CORP | 債券 | 0.60% | +0.03% | -18.79% | |
| 48 | QXO 5.5 05-15-28債券 | Qxo Inc | 債券 | 0.58% | — | — | |
| 49 | GRPN 1.125 03-15-26債券 | Groupon Inc | 債券 | 0.55% | — | — | |
| 50 | AMPH 2 03-15-29債券 | Amphastar Pharmaceutical | 債券 | 0.54% | +0.26% | -29.41% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | BE 3 06-01-28債券 | Bloom Energy CORP | +4.2% | -3.85% | 加碼 |
| 2 | SSRMCN 2.5 04-01-39債券 | Ssr Mining Inc | +0.8% | +29.93% | 加碼 |
| 3 | W 3.5 11-15-28債券 | Wayfair Inc | +0.7% | -32.06% | 加碼 |
| 4 | PCT 7.25 08-15-30債券 | Purecycle Technologies | +0.7% | +2.18% | 加碼 |
| 5 | BBIO 2.25 02-01-29債券 | Bridgebio Pharma Inc | +0.5% | +34.59% | 加碼 |
| 6 | TDOC 1.25 06-01-27債券 | Teladoc Health Inc | +0.5% | +17.70% | 加碼 |
| 7 | ARRY 1 12-01-28債券 | Array Technologies Inc | +0.5% | +44.72% | 加碼 |
| 8 | EQXCN 4.75 10-15-28債券 | Equinox Gold CORP | +0.4% | -6.99% | 加碼 |
| 9 | IMCR 2.5 02-01-30債券 | Immunocore Holdings | +0.3% | -10.94% | 加碼 |
| 10 | EVH 3.5 12-01-29債券 | Evolent Health Inc | +0.3% | +25.14% | 加碼 |
| 11 | TVTX 2.25 03-01-29債券 | Travere Therapeutics Inc | +0.3% | +22.05% | 加碼 |
| 12 | RIVN 4.625 03-15-29債券 | Rivian Auto Inc | +0.1% | +74.59% | 加碼 |
| 13 | ENOV 3.875 10-15-28債券 | Enovis CORP | +0.1% | -5.73% | 加碼 |
| 14 | CENX 2.75 05-01-28債券 | Century Aluminum Company | 0% | -3.77% | 減碼 |
| 15 | RIVN 3.625 10-15-30債券 | Rivian Auto Inc | 0% | -28.03% | 加碼 |
| 16 | MITK 0.75 02-01-26債券 | Mitek Systems Inc | 0% | +20.14% | 加碼 |
| 17 | ASRT 6.5 09-01-27債券 | Assertio Holdings Inc | -0.1% | +3.64% | 加碼 |
| 18 | CRNC 1.5 07-01-28債券 | Cerence Inc | -0.1% | -12.00% | 減碼 |
| 19 | AGCN 0.375 01-15-27債券 | First Majestic Silver | -0.2% | -8.61% | 減碼 |
| 20 | MSTR 0.875 03-15-31債券 | Strategy Inc | -0.2% | — | 加碼 |
| 21 | STWD 6.75 07-15-27債券 | Starwood Property Trust | -0.3% | — | 減碼 |
| 22 | GPRE 2.25 03-15-27債券 | Green Plains Inc | -0.3% | +3.82% | 減碼 |
| 23 | AMPH 2 03-15-29債券 | Amphastar Pharmaceutical | -0.4% | -29.41% | 減碼 |
| 24 | CSWC 5.125 11-15-29債券 | Capital Southwest CORP | -0.4% | -18.79% | 減碼 |
| 25 | ✓ | Applied Optoele | -0.4% | -25.96% | 減碼 |
| 26 | IRWD 1.5 06-15-26債券 | Ironwood Pharmaceuticals | -0.4% | -12.47% | 減碼 |
| 27 | CNMD 2.25 06-15-27債券 | Conmed CORP | -0.7% | +3.81% | 加碼 |
| 28 | EB 0.75 09-15-26債券 | Eventbrite Inc | -0.7% | -47.76% | 減碼 |
| 29 | GRPN 1.125 03-15-26債券 | Groupon Inc | -0.8% | — | 減碼 |
| 30 | PRO 2.25 09-15-27債券 | Pros Holdings Inc | -0.9% | — | 減碼 |
| 31 | BA 6 10-15-27債券 | Boeing Co/the | -1.1% | -72.73% | 減碼 |
| 32 | DDD 0 11-15-26債券 | 3d Systems CORP | -2.3% | +33.23% | 減碼 |
| 33 | NMFC 7.5 10-15-25債券 | New Mountain Finance Cor | -2.5% | -96.25% | 減碼 |
| 34 | GRPN 6.25 03-15-27 *債券 | Groupon Inc | -2.5% | — | 減碼 |
| 35 | W 3.25 09-15-27債券 | Wayfair Inc | — | EXIT | 清倉 |
| 36 | SEDG 0 09-15-25債券 | Solar Edge Technologies | — | EXIT | 清倉 |
| 37 | CHRS 1.5 04-15-26債券 | Coherus Oncology Inc | — | EXIT | 清倉 |
| 38 | UPST 0.25 08-15-26債券 | Upstart Holdings Inc | — | EXIT | 清倉 |
| 39 | XMTR 1 02-01-27債券 | Xometry Inc | — | EXIT | 清倉 |
| 40 | PTON 0 02-15-26債券 | Peloton Interactive Inc | — | EXIT | 清倉 |
| 41 | ABR 7.5 08-01-25債券 | Arbor Realty Trust Inc | — | EXIT | 清倉 |
| 42 | KKR 6.25 03-01-28 D債券 | Kkr & Co Inc | — | EXIT | 清倉 |
| 43 | EXAS 0.375 03-01-28債券 | Exact Sciences CORP | — | EXIT | 清倉 |
| 44 | MIRM 4 05-01-29債券 | Mirum Pharmaceuticals | — | EXIT | 清倉 |
| 45 | PLUG 3.75 06-01-25債券 | Plug Power Inc | — | EXIT | 清倉 |
| 46 | RDFN 0.5 04-01-27債券 | Redfin CORP | — | EXIT | 清倉 |
| 47 | FARO 5.5 02-01-28債券 | Faro Technologies Inc | — | EXIT | 清倉 |
| 48 | WOLF 1.75 05-01-26債券 | Wolfspeed Inc | — | EXIT | 清倉 |
| 49 | HCAT 2.5 04-15-25債券 | Health Catalyst Inc | — | EXIT | 清倉 |
| 50 | EXAS 0.375 03-15-27債券 | Exact Sciences CORP | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Context Capital Management, LLC 在 Q3 2025 季度的美股持倉總市值約為 US$51.5億，共申報了 269 個公開持股部位。
在 Q3 2025 季度，Context Capital Management, LLC 按市值排列的前三大核心持股分別為：ECHO 3.875 11-30-30 (8.0%)、BE 3 06-01-28 (6.5%)、PTON 5.5 12-01-29 (5.3%)。其中最大持股部位 ECHO 3.875 11-30-30 佔據整體投資組合約 8.0% 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。
本季最大獲利了結 / 清倉標的
W 3.25 09-15-27
前期市值: US$681.8億
在 Q3 2025 季度中，Context Capital Management, LLC 共進行了 50 項持倉異動，包含新建倉 0 個部位、加碼 18 個部位、減碼 16 個部位以及清倉 16 個部位。 本季清倉部位包含 W 3.25 09-15-27。
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。