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: 0000919185
申報總市值
US$41.1億
US$41.1億
289 檔
18.9%
Highbridge Capital Management LLC 在 Q2 2025 季度的美股部位總計估值為 US$41.1億，分散於 289 個持倉標的之中，反映其市場參與廣度與投資規模。
在 Q2 2025 期間，Highbridge Capital Management LLC 展現了靈活的資產再平衡步調，透過出清 47 檔弱勢或達到目標價部位，將資金轉置於 74 檔新建倉標的之中。
在資產配置集中度方面，Highbridge Capital Management LLC 的前 5 大核心持股（包含 ISHARES TR, F 0 03-15-26, BABA 0.5 06-01-31 等）合計佔整體申報市值的 18.9%，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 289 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 | ✓ | Ishares Tr | 股票-其他 | 15.39% | +0.16% | +75.00% | |
| 2 | F 0 03-15-26債券 | Ford Motor Company | 債券 | 5.83% | — | +5.45% | |
| 3 | BABA 0.5 06-01-31債券 | Alibaba Group Holding | 債券 | 4.40% | -0.29% | — | |
| 4 | HES | Hess CORP | 股票-其他 | 3.22% | — | +8.12% | |
| 5 | UGI 5 06-01-28債券 | Ugi CORP | 債券 | 2.81% | — | — | |
| 6 | SPOT 0 03-15-26債券 | Spotify USA Inc | 債券 | 2.66% | — | -9.47% | |
| 7 | BSY 0.125 01-15-26債券 | Bentley Systems Inc | 債券 | 2.40% | — | +9.22% | |
| 8 | AEBA | Allete Inc | 股票-其他 | 2.34% | — | +7.48% | |
| 9 | ITRI 0 03-15-26債券 | Itron Inc | 債券 | 2.06% | — | +27.64% | |
| 10 | MSTR | Strategy Inc | 股票-科技 | 2.06% | — | — | |
| 11 | HEI-A | Heico Corp-class A | 股票-其他 | 2.02% | — | +78.25% | |
| 12 | ✓ | Spdr S&P 500 Etf Tr Put Option | ETF-大型股與成長 | 1.76% | -6.28% | — | |
| 13 | UBER 0 12-15-25債券 | Uber Technologies Inc | 債券 | 1.71% | — | -33.18% | |
| 14 | DBX 0 03-01-28債券 | Dropbox Inc | 債券 | 1.70% | — | +80.67% | |
| 15 | BAC 0.6 05-25-27 MTN債券 | Bofa Finance LLC | 債券 | 1.70% | +0.13% | -48.80% | |
| 16 | DBX 0 03-01-26債券 | Dropbox Inc | 債券 | 1.68% | — | +7.69% | |
| 17 | GME | GameStop Corp. | 股票-循環性消費 | 1.49% | +1.30% | NEW | |
| 18 | WK 1.25 08-15-28債券 | Workiva Inc | 債券 | 1.49% | -0.46% | EXIT | |
| 19 | SO 4.5 06-15-27債券 | Southern Co | 債券 | 1.47% | — | — | |
| 20 | FYBR | Frontier Communications Pare | 股票-其他 | 1.42% | — | -14.02% | |
| 21 | FWONA | Liberty Media Corp-formula-a | 股票-其他 | 1.41% | — | +27.81% | |
| 22 | AMED | Amedisys Inc | 股票-其他 | 1.36% | — | +3.07% | |
| 23 | VIAV 1.625 03-15-26債券 | Viavi Solutions Inc | 債券 | 1.35% | — | -14.47% | |
| 24 | CRNC 1.5 07-01-28債券 | Cerence Inc | 債券 | 1.28% | — | +5.46% | |
| 25 | SRPT 1.25 09-15-27債券 | Sarepta Therapeutics Inc | 債券 | 1.21% | -0.57% | +5.26% | |
| 26 | WEC 4.375 06-01-27債券 | Wec Energy Group Inc | 債券 | 1.15% | — | — | |
| 27 | KEL | Kellanova | 股票-其他 | 1.15% | — | +15.62% | |
| 28 | VTR 3.75 06-01-26債券 | Ventas Realty LP | 債券 | 1.13% | — | -47.78% | |
| 29 | NIO 3.875 10-15-29債券 | Nio Inc | 債券 | 1.08% | +0.21% | NEW | |
| 30 | SO 3.875 12-15-25債券 | Southern Co | 債券 | 1.08% | — | -40.00% | |
| 31 | SKAA | Skechers USA Inc-cl A | 股票-其他 | 1.03% | — | — | |
| 32 | 2655787D | Blueprint Medicines CORP | 股票-其他 | 0.99% | — | — | |
| 33 | EVRG 4.5 12-15-27債券 | Evergy Inc | 債券 | 0.95% | — | -55.56% | |
| 34 | HLF 4.25 06-15-28債券 | Herbalife LTD | 債券 | 0.88% | — | -17.35% | |
| 35 | NWSA | News CORP - Class A | 股票-通訊服務 | 0.79% | — | — | |
| 36 | BTSG 6.75 02-01-27債券 | Brightspring Health Serv | 債券 | 0.76% | — | -50.00% | |
| 37 | RDFN 0 10-15-25債券 | Redfin CORP | 債券 | 0.76% | — | — | |
| 38 | GES 3.75 04-15-28債券 | Guess Inc | 債券 | 0.75% | — | +41.97% | |
| 39 | FOUR 0 12-15-25債券 | Shift4 Payments Inc | 債券 | 0.73% | — | +226.09% | |
| 40 | KPTI 6 05-13-29 *債券 | Karyopharm Therapeutics | 債券 | 0.72% | — | — | |
| 41 | FOX | Fox CORP - Class B | 股票-通訊服務 | 0.70% | — | — | |
| 42 | IRWD 1.5 06-15-26債券 | Ironwood Pharmaceuticals | 債券 | 0.66% | -1.49% | EXIT | |
| 43 | EAF | GrafTech International Ltd. | 股票-其他 | 0.64% | -0.53% | EXIT | |
| 44 | CENTA | Central Garden And Pet Co-a | 股票-其他 | 0.63% | — | +2.90% | |
| 45 | LLYVA* | Liberty Media Corp-liberty-a | 股票-其他 | 0.58% | — | +13.40% | |
| 46 | CABO 0 03-15-26債券 | Cable One Inc | 債券 | 0.57% | — | — | |
| 47 | BATRK | Atlanta Braves Holdings In-c | 股票-其他 | 0.56% | -0.42% | EXIT | |
| 48 | SSRMCN 2.5 04-01-39債券 | Ssr Mining Inc | 債券 | 0.54% | — | -50.63% | |
| 49 | BOX 0 01-15-26債券 | Box Inc | 債券 | 0.54% | — | — | |
| 50 | NTNX 0.25 10-01-27債券 | Nutanix Inc | 債券 | 0.53% | — | -75.49% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | ✓ | Ishares Tr | +7.3% | +75.00% | 加碼 |
| 2 | BABA 0.5 06-01-31債券 | Alibaba Group Holding | +4.4% | NEW | 新建倉 |
| 3 | UGI 5 06-01-28債券 | Ugi CORP | +2.8% | NEW | 新建倉 |
| 4 | MSTR | Strategy Inc | +2.1% | NEW | 新建倉 |
| 5 | ✓ | Spdr S&P 500 Etf Tr Put Option | +1.8% | NEW | 新建倉 |
| 6 | GME | GameStop Corp. | +1.5% | NEW | 新建倉 |
| 7 | WK 1.25 08-15-28債券 | Workiva Inc | +1.5% | NEW | 新建倉 |
| 8 | SO 4.5 06-15-27債券 | Southern Co | +1.5% | NEW | 新建倉 |
| 9 | WEC 4.375 06-01-27債券 | Wec Energy Group Inc | +1.2% | NEW | 新建倉 |
| 10 | HEI-A | Heico Corp-class A | +1.1% | +78.25% | 加碼 |
| 11 | SKAA | Skechers USA Inc-cl A | +1% | NEW | 新建倉 |
| 12 | 2655787D | Blueprint Medicines CORP | +1% | NEW | 新建倉 |
| 13 | NWSA | News CORP - Class A | +0.8% | NEW | 新建倉 |
| 14 | DBX 0 03-01-28債券 | Dropbox Inc | +0.8% | +80.67% | 加碼 |
| 15 | RDFN 0 10-15-25債券 | Redfin CORP | +0.8% | NEW | 新建倉 |
| 16 | KPTI 6 05-13-29 *債券 | Karyopharm Therapeutics | +0.7% | NEW | 新建倉 |
| 17 | FOX | Fox CORP - Class B | +0.7% | NEW | 新建倉 |
| 18 | IRWD 1.5 06-15-26債券 | Ironwood Pharmaceuticals | +0.7% | NEW | 新建倉 |
| 19 | ITRI 0 03-15-26債券 | Itron Inc | +0.6% | +27.64% | 加碼 |
| 20 | CABO 0 03-15-26債券 | Cable One Inc | +0.6% | NEW | 新建倉 |
| 21 | FOUR 0 12-15-25債券 | Shift4 Payments Inc | +0.5% | +226.09% | 加碼 |
| 22 | ARRY 1 12-01-28債券 | Array Technologies Inc | +0.5% | NEW | 新建倉 |
| 23 | FOUR 6 05-01-28債券 | Shift4 Payments Inc | +0.5% | NEW | 新建倉 |
| 24 | FWONA | Liberty Media Corp-formula-a | +0.5% | +27.81% | 加碼 |
| 25 | CABO 1.125 03-15-28債券 | Cable One Inc | +0.4% | NEW | 新建倉 |
| 26 | QXO 5.5 05-15-28債券 | Qxo Inc | +0.4% | NEW | 新建倉 |
| 27 | F 0 03-15-26債券 | Ford Motor Company | +0.4% | +5.45% | 加碼 |
| 28 | SPOT 0 03-15-26債券 | Spotify USA Inc | +0.4% | -9.47% | 減碼 |
| 29 | VIGL | Vigil Neuroscience Inc | +0.3% | NEW | 新建倉 |
| 30 | ✓ | +0.3% | NEW | 新建倉 | |
| 31 | CORZW | Core Scientific Inc - 27 | +0.3% | -7.34% | 減碼 |
| 32 | BSY 0.125 01-15-26債券 | Bentley Systems Inc | +0.3% | +9.22% | 加碼 |
| 33 | ✓ | Cyberark Software LTD. Cmn | +0.2% | NEW | 新建倉 |
| 34 | GES 3.75 04-15-28債券 | Guess Inc | +0.2% | +41.97% | 加碼 |
| 35 | ✓ | Trump Media & Technology Gro | +0.2% | NEW | 新建倉 |
| 36 | ✓ | Berto Acquisition CORP | +0.2% | NEW | 新建倉 |
| 37 | REAL 4 02-15-31債券 | THE Realreal Inc | +0.2% | +80.65% | 加碼 |
| 38 | ✓ | Figx Cap Acquisition CORP. | +0.2% | NEW | 新建倉 |
| 39 | ✓ | Oxley Bridge Acq LTD | +0.2% | NEW | 新建倉 |
| 40 | ✓ | +0.2% | NEW | 新建倉 | |
| 41 | BATRK | Atlanta Braves Holdings In-c | +0.2% | +26.72% | 加碼 |
| 42 | CRNC 1.5 07-01-28債券 | Cerence Inc | +0.2% | +5.46% | 加碼 |
| 43 | GENVR | Gen Digital Inc - Cvr | +0.2% | NEW | 新建倉 |
| 44 | LLYVA* | Liberty Media Corp-liberty-a | +0.2% | +13.40% | 加碼 |
| 45 | ✓ | +0.1% | NEW | 新建倉 | |
| 46 | ✓ | Hertz Global Hldgs Inc | +0.1% | NEW | 新建倉 |
| 47 | ✓ | Thayer Ventures Acq CORP Ii | +0.1% | NEW | 新建倉 |
| 48 | ✓ | Bitdeer Technologies Group | +0.1% | NEW | 新建倉 |
| 49 | CCIVGBP | Lucid Group Inc | +0.1% | NEW | 新建倉 |
| 50 | KEL | Kellanova | +0.1% | +15.62% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Highbridge Capital Management LLC 在 Q2 2025 季度的美股持倉總市值約為 US$41.1億，共申報了 289 個公開持股部位。
在 Q2 2025 季度，Highbridge Capital Management LLC 按市值排列的前三大核心持股分別為：ISHARES TR (15.4%)、F 0 03-15-26 (5.8%)、BABA 0.5 06-01-31 (4.4%)。其中最大持股部位 ISHARES TR 佔據整體投資組合約 15.4% 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$1.1億
本季最大獲利了結 / 清倉標的
FE 4 05-01-26
前期市值: US$9124.6萬
在 Q2 2025 季度中，Highbridge Capital Management LLC 共進行了 195 項持倉異動，包含新建倉 74 個部位、加碼 33 個部位、減碼 41 個部位以及清倉 47 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 FE 4 05-01-26。
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。