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: 0001103646
申報總市值
US$25.7億
US$25.7億
795 檔
14.5%
根據最新整理的 13F 季度數據集，Css Llc/il 於 Q2 2025 結束時的管理資產規模為 US$25.7億。該機構在本季度申報了 795 檔美股持倉，呈現出該時期的主要投資地圖。
在 Q2 2025，Css Llc/il 操作展現出積極擴展與加碼意向。本季共新建倉 64 個新部位，並對 53 個既有持股進行加碼（合計增持 117 檔），相較減碼與清倉部位顯著佔優。
整體而言，Css Llc/il 的前 5 大持股（包含 MSTR, LRN 1.125 09-01-27, SPY）貢獻了組合市值的 14.5%，形成該機構在 Q2 2025 季度的基本面基石。
本季最大新建倉標的
BTSG 6.75 02-01-27
市值: US$3303.5萬
本季最大獲利了結 / 清倉標的
INSM 0.75 06-01-28
前期市值: US$5341.5萬
僅顯示前 200 大持股（共 795 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 | MSTR | Strategy Inc | 股票-科技 | 5.17% | -0.50% | +8.77% | |
| 2 | LRN 1.125 09-01-27債券 | Stride Inc | 債券 | 3.54% | -0.85% | EXIT | |
| 3 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 3.52% | +0.30% | +50.56% | |
| 4 | IONS 0 04-01-26債券 | Ionis Pharmaceuticals In | 債券 | 2.71% | — | +27.41% | |
| 5 | JAZZ 2 06-15-26債券 | Jazz Investments I LTD | 債券 | 2.45% | -3.06% | EXIT | |
| 6 | FOUR 0 12-15-25債券 | Shift4 Payments Inc | 債券 | 2.03% | — | +62.12% | |
| 7 | GME | Gamestop Corp-class A | 股票-循環性消費 | 1.64% | -0.24% | +244.45% | |
| 8 | STX 3.5 06-01-28債券 | Seagate Hdd Cayman | 債券 | 1.63% | — | +303.11% | |
| 9 | BTSG 6.75 02-01-27債券 | Brightspring Health Serv | 債券 | 1.54% | — | — | |
| 10 | VAC 0 01-15-26債券 | Marriott Vacation Worldw | 債券 | 1.51% | — | — | |
| 11 | MSTR 2.25 06-15-32債券 | Strategy Inc | 債券 | 1.49% | -0.37% | EXIT | |
| 12 | NEE 6.926 09-01-25債券 | Nextera Energy Inc | 債券 | 1.41% | — | +14559.24% | |
| 13 | IMAX 0.5 04-01-26債券 | Imax CORP | 債券 | 1.19% | — | +2.95% | |
| 14 | SNAP 0.75 08-01-26債券 | Snap Inc | 債券 | 1.08% | -0.02% | +27.16% | |
| 15 | UBER 0.875 12-01-28 2028債券 | Uber Technologies Inc | 債券 | 1.07% | — | EXIT | |
| 16 | BAC 7.25 PERP L債券 | Bank Of America CORP | 債券 | 1.07% | +1.87% | +5076.44% | |
| 17 | RIG 4.625 09-30-29 *債券 | Transocean Interntnl LTD | 債券 | 1.06% | -1.46% | +53.51% | |
| 18 | BTU 3.25 03-01-28債券 | Peabody Energy CORP | 債券 | 1.01% | -1.54% | -15.99% | |
| 19 | TVTX 2.5 09-15-25債券 | Travere Therapeutics Inc | 債券 | 0.97% | — | — | |
| 20 | 2655787D | Blueprint Medicines CORP | 股票-其他 | 0.94% | — | — | |
| 21 | MSTR 0.875 03-15-31債券 | Strategy Inc | 債券 | 0.91% | — | -32.47% | |
| 22 | W 3.5 11-15-28債券 | Wayfair Inc | 債券 | 0.90% | — | — | |
| 23 | WEC 4.375 06-01-27債券 | Wec Energy Group Inc | 債券 | 0.89% | — | — | |
| 24 | PTCT 1.5 09-15-26債券 | Ptc Therapeutics Inc | 債券 | 0.86% | +0.55% | — | |
| 25 | NEE | Nextera Energy Inc | 股票-公用事業 | 0.84% | — | +1141.15% | |
| 26 | CNP 4.25 08-15-26債券 | Centerpoint Energy Inc | 債券 | 0.84% | -0.21% | — | |
| 27 | SOFI | Sofi Technologies Inc | 股票-金融 | 0.83% | -0.01% | EXIT | |
| 28 | LYV 3.125 01-15-29債券 | Live Nation Entertainmen | 債券 | 0.83% | -2.39% | EXIT | |
| 29 | F 0 03-15-26債券 | Ford Motor Company | 債券 | 0.82% | — | +1006.25% | |
| 30 | KIM 7.25 PERP N債券 | Kimco Realty CORP | 債券 | 0.80% | -0.10% | -4.12% | |
| 31 | ARKK | Ark Innovation ETF | ETF-其他 | 0.77% | +0.04% | +197.03% | |
| 32 | TLT | Ishares 20+ Year Treasury Bd | ETF-政府公債 | 0.76% | -0.33% | -24.84% | |
| 33 | RSP | Invesco S&p 500 Equal Weight | ETF-大型股與成長 | 0.75% | -0.15% | -12.38% | |
| 34 | VOO | Vanguard S&p 500 ETF | ETF-大型股與成長 | 0.74% | -0.06% | -57.95% | |
| 35 | CORZW | Core Scientific Inc - 27 | 股票-其他 | 0.74% | +0.85% | +59.11% | |
| 36 | PI 1.125 05-15-27債券 | Impinj Inc | 債券 | 0.73% | — | +78.57% | |
| 37 | SNDK | Sandisk Corporation | 股票-科技 | 0.70% | — | — | |
| 38 | AAL | American Airlines Group Inc | 股票-工業 | 0.68% | -0.09% | -33.52% | |
| 39 | EPR 5.75 PERP C債券 | Epr Properties | 債券 | 0.66% | -0.01% | EXIT | |
| 40 | MNKD 2.5 03-01-26債券 | Mannkind CORP | 債券 | 0.66% | — | — | |
| 41 | LITE 0.5 06-15-28債券 | Lumentum Holdings Inc | 債券 | 0.66% | -0.81% | — | |
| 42 | RIG 4 12-15-25 *債券 | Transocean Interntnl LTD | 債券 | 0.64% | — | — | |
| 43 | IWP | Ishares Russell Mid-cap Grow | ETF-其他 | 0.62% | — | +16.75% | |
| 44 | HALO 1 08-15-28債券 | Halozyme Therapeutics In | 債券 | 0.55% | — | — | |
| 45 | NEE 3 03-01-27債券 | Nextera Energy Capital | 債券 | 0.53% | -0.33% | EXIT | |
| 46 | IAU | Ishares Gold Trust | ETF-避險與商品 | 0.51% | -0.25% | +1.42% | |
| 47 | 0VVB | Paramount Global-class B | 股票-其他 | 0.51% | — | +93.10% | |
| 48 | KRE | Ss Spdr S&p Regional Bank | ETF-其他 | 0.49% | +0.05% | +74.69% | |
| 49 | GLD | Spdr Gold Shares | ETF-避險與商品 | 0.49% | -0.86% | +20.32% | |
| 50 | PMT 8.5 06-01-29債券 | Pennymac CORP | 債券 | 0.48% | -0.03% | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | BTSG 6.75 02-01-27債券 | Brightspring Health Serv | +1.5% | NEW | 新建倉 |
| 2 | MSTR 2.25 06-15-32債券 | Strategy Inc | +1.5% | NEW | 新建倉 |
| 3 | NEE 6.926 09-01-25債券 | Nextera Energy Inc | +1.4% | +14559.24% | 加碼 |
| 4 | STX 3.5 06-01-28債券 | Seagate Hdd Cayman | +1.3% | +303.11% | 加碼 |
| 5 | MSTR | Strategy Inc | +1.2% | +8.77% | 加碼 |
| 6 | GME | Gamestop Corp-class A | +1.1% | +244.45% | 加碼 |
| 7 | UBER 0.875 12-01-28 2028債券 | Uber Technologies Inc | +1.1% | NEW | 新建倉 |
| 8 | BAC 7.25 PERP L債券 | Bank Of America CORP | +1.1% | +5076.44% | 加碼 |
| 9 | SPY | Ss Spdr S&p 500 ETF Trust-us | +1% | +50.56% | 加碼 |
| 10 | 2655787D | Blueprint Medicines CORP | +0.9% | NEW | 新建倉 |
| 11 | W 3.5 11-15-28債券 | Wayfair Inc | +0.9% | NEW | 新建倉 |
| 12 | WEC 4.375 06-01-27債券 | Wec Energy Group Inc | +0.9% | NEW | 新建倉 |
| 13 | PTCT 1.5 09-15-26債券 | Ptc Therapeutics Inc | +0.9% | NEW | 新建倉 |
| 14 | CNP 4.25 08-15-26債券 | Centerpoint Energy Inc | +0.8% | NEW | 新建倉 |
| 15 | NEE | Nextera Energy Inc | +0.8% | +1141.15% | 加碼 |
| 16 | F 0 03-15-26債券 | Ford Motor Company | +0.7% | +1006.25% | 加碼 |
| 17 | FOUR 0 12-15-25債券 | Shift4 Payments Inc | +0.7% | +62.12% | 加碼 |
| 18 | LITE 0.5 06-15-28債券 | Lumentum Holdings Inc | +0.7% | NEW | 新建倉 |
| 19 | LYV 3.125 01-15-29債券 | Live Nation Entertainmen | +0.6% | +313.27% | 加碼 |
| 20 | CORZW | Core Scientific Inc - 27 | +0.6% | +59.11% | 加碼 |
| 21 | ARKK | Ark Innovation ETF | +0.6% | +197.03% | 加碼 |
| 22 | HALO 1 08-15-28債券 | Halozyme Therapeutics In | +0.6% | NEW | 新建倉 |
| 23 | PMT 8.5 06-01-29債券 | Pennymac CORP | +0.5% | NEW | 新建倉 |
| 24 | KEL | Kellanova | +0.4% | +796.25% | 加碼 |
| 25 | EVRG 4.5 12-15-27債券 | Evergy Inc | +0.4% | +750.00% | 加碼 |
| 26 | RKLB | Rocket Lab CORP | +0.4% | NEW | 新建倉 |
| 27 | AZEK | Azek Co Inc/the | +0.3% | NEW | 新建倉 |
| 28 | FOUR 6 05-01-28債券 | Shift4 Payments Inc | +0.3% | NEW | 新建倉 |
| 29 | ✓ | Titan Acquisition CORP | +0.3% | NEW | 新建倉 |
| 30 | ✓ | +0.3% | NEW | 新建倉 | |
| 31 | COIN 0.25 04-01-30債券 | Coinbase Global Inc | +0.3% | NEW | 新建倉 |
| 32 | PI 1.125 05-15-27債券 | Impinj Inc | +0.3% | +78.57% | 加碼 |
| 33 | EPR 5.75 PERP C債券 | Epr Properties | +0.3% | +88.23% | 加碼 |
| 34 | IONS 0 04-01-26債券 | Ionis Pharmaceuticals In | +0.3% | +27.41% | 加碼 |
| 35 | ✓ | +0.3% | NEW | 新建倉 | |
| 36 | IBIT | Ishares Bitcoin Trust ETF | +0.2% | +134.48% | 加碼 |
| 37 | COIN 0.5 06-01-26債券 | Coinbase Global Inc | +0.2% | NEW | 新建倉 |
| 38 | AKAM 1.125 02-15-29債券 | Akamai Technologies Inc | +0.2% | NEW | 新建倉 |
| 39 | 0VVB | Paramount Global-class B | +0.2% | +93.10% | 加碼 |
| 40 | CMPOW | Composecure Inc -cw25 | +0.2% | +1178.10% | 加碼 |
| 41 | ✓ | +0.2% | NEW | 新建倉 | |
| 42 | HTZ 8 07-15-29債券 | Hertz Corp/the | +0.2% | NEW | 新建倉 |
| 43 | SOFI | Sofi Technologies Inc | +0.2% | +1.76% | 加碼 |
| 44 | NEE 3 03-01-27債券 | Nextera Energy Capital | +0.2% | +100.00% | 加碼 |
| 45 | COIN | Coinbase Global Inc -class A | +0.2% | +100.55% | 加碼 |
| 46 | CEPO | Cantor Equity Partners I, Inc. | +0.2% | NEW | 新建倉 |
| 47 | TMDX 1.5 06-01-28債券 | Transmedics Group Inc | +0.2% | NEW | 新建倉 |
| 48 | KRE | Ss Spdr S&p Regional Bank | +0.2% | +74.69% | 加碼 |
| 49 | ✓ | Real Asset Acquisition CORP | +0.2% | NEW | 新建倉 |
| 50 | CIFR 1.75 05-15-30債券 | Cipher Digital Inc | +0.2% | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Css Llc/il 在 Q2 2025 季度的美股持倉總市值約為 US$25.7億，共申報了 795 個公開持股部位。
在 Q2 2025 季度，Css Llc/il 按市值排列的前三大核心持股分別為：MSTR (5.2%)、LRN 1.125 09-01-27 (3.5%)、SPY (3.5%)。其中最大持股部位 MSTR 佔據整體投資組合約 5.2% 的權重。
在 Q2 2025 季度中，Css Llc/il 共進行了 198 項持倉異動，包含新建倉 64 個部位、加碼 53 個部位、減碼 33 個部位以及清倉 48 個部位。 其中最大新建倉標的為 BTSG 6.75 02-01-27。 本季清倉部位包含 INSM 0.75 06-01-28。
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。
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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。