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: 0001810873
申報總市值
US$33.6億
US$33.6億
124 檔
34.5%
Elequin Capital, LP 在 Q3 2025 季度的美股部位總計估值為 US$33.6億，分散於 124 個持倉標的之中，反映其市場參與廣度與投資規模。
數據顯示 Elequin Capital, LP 於 Q3 2025 季度持續回收資金，對 20 個既有部位進行裁減並清倉 103 個標的，組合整體流動性比重有所上升。
從部位權重觀察，前 5 大標的（包含 TSLA, SEALTD 2.375 12-01-25, GOOGL）累計市值佔比達 34.5%，是驅動 Elequin Capital, LP 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 | TSLA | Tesla Inc | 股票-循環性消費 | 21.92% | -0.15% | +3710.88% | |
| 2 | SEALTD 2.375 12-01-25債券 | Sea LTD | 債券 | 15.75% | — | — | |
| 3 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 10.54% | +0.66% | +2157.21% | |
| 4 | MSFT | Microsoft CORP | 股票-科技 | 8.44% | +3.33% | +21371.43% | |
| 5 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 6.13% | -0.03% | +4895.07% | |
| 6 | AMZN | Amazon.com Inc | 股票-循環性消費 | 5.95% | +1.42% | +3900.00% | |
| 7 | COIN | Coinbase Global Inc -class A | 股票-金融 | 5.70% | -0.34% | +7602.62% | |
| 8 | IBIT | Ishares Bitcoin Trust ETF | ETF-加密貨幣 | 3.56% | +0.16% | -19.43% | |
| 9 | NVDA | Nvidia CORP | 股票-科技 | 3.21% | -7.29% | +3226.45% | |
| 10 | FBTC | Fidelity Wise Origin Bitcoin | ETF-加密貨幣 | 2.59% | -0.46% | +22.91% | |
| 11 | LLY | Eli Lilly & Co | 股票-醫療保健 | 2.48% | — | — | |
| 12 | AVGO | Broadcom Inc | 股票-科技 | 1.79% | -0.04% | EXIT | |
| 13 | BITB | Bitwise Bitcoin ETF | ETF-加密貨幣 | 1.33% | -0.71% | +962.85% | |
| 14 | BTC | Grayscale Bitcoin Mini ETF | ETF-加密貨幣 | 0.99% | — | +165.73% | |
| 15 | BRRR | Coinshares Bitcoin ETF | ETF-加密貨幣 | 0.98% | -0.07% | +634.29% | |
| 16 | ARKB | Ark 21shares Bitcoin ETF | ETF-加密貨幣 | 0.75% | -0.18% | +28.73% | |
| 17 | JMST | JPM Ultra-short Muni Income | ETF-其他 | 0.68% | +0.02% | +180.90% | |
| 18 | MSTR | Strategy Inc | 股票-科技 | 0.54% | -0.19% | +134.87% | |
| 19 | PZA | Invesco National Amt-free Mu | ETF-其他 | 0.50% | -0.06% | — | |
| 20 | VTEB | Vanguard Tax-exempt Bond ETF | ETF-其他 | 0.49% | +0.25% | NEW | |
| 21 | CWB | Ss Spdr Bb Conv Sec ETF | ETF-其他 | 0.44% | +0.09% | NEW | |
| 22 | SMCI | Super Micro Computer Inc | 股票-科技 | 0.41% | -0.13% | +56.83% | |
| 23 | JMUB | Jpmorgan Municipal ETF | ETF-其他 | 0.33% | +0.06% | NEW | |
| 24 | AMD | Advanced Micro Devices | 股票-科技 | 0.26% | -0.04% | EXIT | |
| 25 | SUB | Ishares Short-term National | ETF-其他 | 0.24% | +0.37% | NEW | |
| 26 | ICVT | Ishares Convertible Bond ETF | ETF-其他 | 0.22% | — | — | |
| 27 | JSI | Jh Securitized Income ETF | ETF-其他 | 0.20% | +0.01% | NEW | |
| 28 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.20% | — | -14.92% | |
| 29 | ETHA | Ishares Ethereum Trust ETF | ETF-其他 | 0.18% | — | -85.26% | |
| 30 | HIMU | Ishares High Yild Muni A ETF | ETF-其他 | 0.18% | — | — | |
| 31 | VCRM | Vanguard Core Tax-ex Bond | ETF-其他 | 0.17% | +0.15% | NEW | |
| 32 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.16% | -0.18% | -46.47% | |
| 33 | WT 5.75 08-15-28債券 | Wisdomtree Inc | 債券 | 0.16% | — | — | |
| 34 | BSMS | Invesco Bulletshares 2028 Mb | ETF-其他 | 0.13% | +0.08% | NEW | |
| 35 | MUNI | Pimco Intermediate Municipal | ETF-其他 | 0.12% | +0.06% | NEW | |
| 36 | NVMI 0 10-15-25債券 | Nova LTD | 債券 | 0.12% | — | — | |
| 37 | VTES | Vanguard Sh Term Tax-ex Bond | ETF-其他 | 0.10% | +0.06% | -14.01% | |
| 38 | BSMW | Invesco Bulletshares 2032 Mb | ETF-其他 | 0.10% | — | — | |
| 39 | NYF | Ishares New York Muni Bond E | ETF-其他 | 0.08% | +0.11% | NEW | |
| 40 | SCMB | Schwab Municipal Bond ETF | ETF-其他 | 0.08% | — | -40.98% | |
| 41 | CALI | Ishrs Sh-trm Ca Muni Act ETF | ETF-其他 | 0.08% | +0.10% | NEW | |
| 42 | MMIT | Nyli Mackay Muni Intrm ETF | ETF-其他 | 0.08% | +0.11% | NEW | |
| 43 | BSMY | Invesco Bulletshares 2034 Mb | ETF-其他 | 0.08% | +0.03% | NEW | |
| 44 | FMHI | First Trust Municipal High I | ETF-其他 | 0.08% | +0.01% | NEW | |
| 45 | GDE | Wisdomtree Efficient Gold Pl | ETF-避險與商品 | 0.07% | +0.04% | NEW | |
| 46 | SHYD | Vaneck Sh Hi Yld Muni | ETF-其他 | 0.07% | +0.04% | NEW | |
| 47 | IBMS | Isharesibonddec2030munibdetf | ETF-其他 | 0.07% | +0.02% | NEW | |
| 48 | VTEC | Vanguard Ca Tax-ex Bond | ETF-其他 | 0.07% | -0.04% | — | |
| 49 | ITM | Vaneck Intermediate Muni ETF | ETF-其他 | 0.06% | — | — | |
| 50 | FLMI | Franklin Dynamic Municipal B | ETF-其他 | 0.06% | +0.11% | NEW |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | TSLA | Tesla Inc | +14.9% | +3710.88% | 加碼 |
| 2 | GOOGL | Alphabet Inc-cl A | +9.5% | +2157.21% | 加碼 |
| 3 | TSM | Taiwan Semiconductor-sp Adr | +6.1% | +4895.07% | 加碼 |
| 4 | COIN | Coinbase Global Inc -class A | +5.3% | +7602.62% | 加碼 |
| 5 | AMZN | Amazon.com Inc | +5.1% | +3900.00% | 加碼 |
| 6 | IBIT | Ishares Bitcoin Trust ETF | +2.8% | -19.43% | 加碼 |
| 7 | AVGO | Broadcom Inc | +1.8% | — | 加碼 |
| 8 | BITB | Bitwise Bitcoin ETF | +1.3% | +962.85% | 加碼 |
| 9 | BTC | Grayscale Bitcoin Mini ETF | +1% | +165.73% | 加碼 |
| 10 | BRRR | Coinshares Bitcoin ETF | +1% | +634.29% | 加碼 |
| 11 | ARKB | Ark 21shares Bitcoin ETF | +0.7% | +28.73% | 加碼 |
| 12 | ETHA | Ishares Ethereum Trust ETF | +0.2% | -85.26% | 加碼 |
| 13 | VTES | Vanguard Sh Term Tax-ex Bond | +0.1% | -14.01% | 加碼 |
| 14 | IBMR | Ishares Ibonds Dec 2029 M Bd | 0% | — | 加碼 |
| 15 | MLN | Vaneck Long Muni ETF | 0% | — | 加碼 |
| 16 | SMCI | Super Micro Computer Inc | 0% | +56.83% | 加碼 |
| 17 | XOM | Exxon Mobil CORP | 0% | -72.73% | 加碼 |
| 18 | PWZ | Invesco California Amt-free | 0% | — | 加碼 |
| 19 | PLTR | Palantir Technologies Inc-a | — | -46.47% | 加碼 |
| 20 | SPY | Ss Spdr S&p 500 ETF Trust-us | — | -22.88% | 加碼 |
| 21 | IWD | Ishares Russell 1000 Value E | 0% | +125.01% | 加碼 |
| 22 | NYF | Ishares New York Muni Bond E | 0% | +481.67% | 加碼 |
| 23 | INCM | Franklin Income Focus ETF | -0.1% | -97.79% | 減碼 |
| 24 | SHYM | Ishares Short Duration High | -0.1% | -96.45% | 減碼 |
| 25 | AMD | Advanced Micro Devices | -0.2% | +43.34% | 減碼 |
| 26 | HEFA | Isha Curr Hedged Msci Eafe | -0.2% | -88.88% | 減碼 |
| 27 | CGMU | Cap Group Municipal Income | -0.2% | -85.91% | 減碼 |
| 28 | BSMY | Invesco Bulletshares 2034 Mb | -0.2% | -46.90% | 減碼 |
| 29 | HYMB | Ss Spdr N Ice Hy Muni ETF | -0.2% | +4969.89% | 減碼 |
| 30 | DFNM | Dimensional National Muni Bd | -0.2% | — | 減碼 |
| 31 | VTEC | Vanguard Ca Tax-ex Bond | -0.2% | — | 減碼 |
| 32 | FCVT | First Trust Ssi Strategi ETF | -0.3% | -72.93% | 減碼 |
| 33 | QQQ | Invesco Qqq Trust Series 1 | -0.4% | -89.52% | 減碼 |
| 34 | SUB | Ishares Short-term National | -0.5% | — | 減碼 |
| 35 | ICVT | Ishares Convertible Bond ETF | -0.6% | — | 減碼 |
| 36 | MSTR | Strategy Inc | -0.6% | +134.87% | 減碼 |
| 37 | ETH | Grayscale Ethereum Staking M | -0.8% | -99.99% | 減碼 |
| 38 | TFI | Ss Spdr N Ice Muni Bond ETF | -2% | -85.77% | 減碼 |
| 39 | NVDA | Nvidia CORP | -2.8% | +3226.45% | 減碼 |
| 40 | MSFT | Microsoft CORP | -8.6% | +21371.43% | 減碼 |
| 41 | META | Meta Platforms Inc-class A | -14.7% | -14.92% | 減碼 |
| 42 | AAPL | Apple Inc | -15.3% | -99.80% | 減碼 |
| 43 | SEALTD 2.375 12-01-25債券 | Sea LTD | — | NEW | 新建倉 |
| 44 | BKNG 0.75 05-01-25債券 | Booking Holdings Inc | — | EXIT | 清倉 |
| 45 | FBTC | Fidelity Wise Origin Bitcoin | — | NEW | 新建倉 |
| 46 | LLY | Eli Lilly & Co | — | NEW | 新建倉 |
| 47 | INFN 3.75 08-01-28債券 | Infinera CORP | — | EXIT | 清倉 |
| 48 | HUBS 0.375 06-01-25債券 | Hubspot Inc | — | EXIT | 清倉 |
| 49 | NRG 2.75 06-01-48債券 | Nrg Energy Inc | — | EXIT | 清倉 |
| 50 | JMST | JPM Ultra-short Muni Income | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Elequin Capital, LP 在 Q3 2025 季度的美股持倉總市值約為 US$33.6億，共申報了 124 個公開持股部位。
在 Q3 2025 季度，Elequin Capital, LP 按市值排列的前三大核心持股分別為：TSLA (21.9%)、SEALTD 2.375 12-01-25 (15.8%)、GOOGL (10.5%)。其中最大持股部位 TSLA 佔據整體投資組合約 21.9% 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
SEALTD 2.375 12-01-25
市值: US$2.9億
本季最大獲利了結 / 清倉標的
BKNG 0.75 05-01-25
前期市值: US$6198.4萬
在 Q3 2025 季度中，Elequin Capital, LP 共進行了 200 項持倉異動，包含新建倉 55 個部位、加碼 22 個部位、減碼 20 個部位以及清倉 103 個部位。 其中最大新建倉標的為 SEALTD 2.375 12-01-25。 本季清倉部位包含 BKNG 0.75 05-01-25。
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。