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: 0001279396
申報總市值
US$193.0億
US$193.0億
376 檔
12.3%
Q2 2025 季度申報顯示，Linden Advisors LP 揭露的美股組合總市值為 US$193.0億，涵蓋 376 個不同之權益投資部位。
觀察 Q2 2025 的申報異動，Linden Advisors LP 採取了強勁的買進策略，建倉與加碼動作（合計 120 筆）涵蓋多個核心板塊，展現機構對特定產業前景之樂觀態度。
檢視投資組合結構，前 5 大主力部位（包含 MSTR 0.625 03-15-30, COIN 0.25 04-01-30, TCOM 0.75 06-15-29）占據了總市值的 12.3%，展現出該機構在 Q2 2025 的重點資金聚焦與風險分佈特徵。
僅顯示前 200 大持股（共 376 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 0.625 03-15-30債券 | Strategy Inc | 債券 | 4.70% | -0.17% | +2.50% | |
| 2 | COIN 0.25 04-01-30債券 | Coinbase Global Inc | 債券 | 3.09% | -0.06% | +13.35% | |
| 3 | TCOM 0.75 06-15-29債券 | Trip.com Group LTD | 債券 | 2.47% | — | — | |
| 4 | SMCI 3.5 03-01-29債券 | Super Micro Computer Inc | 債券 | 2.32% | +0.03% | -7.89% | |
| 5 | LI 0.25 05-01-28債券 | Li Auto Inc | 債券 | 1.98% | -0.05% | EXIT | |
| 6 | ZTO 1.5 09-01-27債券 | Zto Express Ky Inc | 債券 | 1.98% | — | +50.23% | |
| 7 | TMDX 1.5 06-01-28債券 | Transmedics Group Inc | 債券 | 1.79% | -0.11% | EXIT | |
| 8 | SIRI 3.75 03-15-28債券 | Sirius Xm Holdings | 債券 | 1.78% | -0.71% | +5.02% | |
| 9 | LITE 0.5 06-15-28債券 | Lumentum Holdings Inc | 債券 | 1.54% | -8.43% | +0.03% | |
| 10 | MMYT 0 02-15-28債券 | Makemytrip Limited | 債券 | 1.46% | +0.07% | +0.53% | |
| 11 | DKNG 0 03-15-28債券 | Draftkings Holdings Inc | 債券 | 1.34% | — | -5.02% | |
| 12 | PTON 5.5 12-01-29債券 | Peloton Interactive Inc | 債券 | 1.33% | +0.12% | — | |
| 13 | MKSI 1.25 06-01-30債券 | Mks Inc | 債券 | 1.32% | +1.22% | — | |
| 14 | MSTR 2.25 06-15-32債券 | Strategy Inc | 債券 | 1.30% | -0.06% | — | |
| 15 | SRPT 1.25 09-15-27債券 | Sarepta Therapeutics Inc | 債券 | 1.28% | — | +85.85% | |
| 16 | IRTC 1.5 09-01-29債券 | Irhythm Holdings Inc | 債券 | 1.23% | -0.03% | EXIT | |
| 17 | ASND 2.25 04-01-28債券 | Ascendis Pharma A/s | 債券 | 1.19% | -1.15% | EXIT | |
| 18 | FIVN 1 03-15-29債券 | Five9 Inc | 債券 | 1.19% | -0.50% | EXIT | |
| 19 | SMTC 1.625 11-01-27債券 | Semtech CORP | 債券 | 1.18% | +0.17% | +5.34% | |
| 20 | CYTK 3.5 07-01-27債券 | Cytokinetics Inc | 債券 | 1.15% | — | +1.15% | |
| 21 | MSTR 0.875 03-15-31債券 | Strategy Inc | 債券 | 1.14% | -0.21% | +9.61% | |
| 22 | EXAS 0.375 03-15-27債券 | Exact Sciences CORP | 債券 | 1.10% | — | +24.84% | |
| 23 | GVA 3.25 06-15-30債券 | Granite Construction Inc | 債券 | 1.08% | — | — | |
| 24 | LITE 0.5 12-15-26債券 | Lumentum Holdings Inc | 債券 | 1.06% | -3.33% | EXIT | |
| 25 | VSH 2.25 09-15-30債券 | Vishay Intertechnology | 債券 | 1.06% | +3.03% | +23.00% | |
| 26 | HAE 2.5 06-01-29債券 | Haemonetics CORP | 債券 | 1.00% | -0.08% | — | |
| 27 | CFLT 0 01-15-27債券 | Confluent Inc | 債券 | 0.98% | — | -45.84% | |
| 28 | ITRI 1.375 07-15-30債券 | Itron Inc | 債券 | 0.97% | -0.03% | — | |
| 29 | BE 3 06-01-29債券 | Bloom Energy CORP | 債券 | 0.95% | — | — | |
| 30 | EXAS 0.375 03-01-28債券 | Exact Sciences CORP | 債券 | 0.92% | — | +21.10% | |
| 31 | RPD 0.25 03-15-27債券 | Rapid7 Inc | 債券 | 0.89% | — | — | |
| 32 | VAC 3.25 12-15-27債券 | Marriott Vacation Worldw | 債券 | 0.89% | -0.02% | EXIT | |
| 33 | PRGS 3.5 03-01-30債券 | Progress Software CORP | 債券 | 0.88% | -0.07% | +1.60% | |
| 34 | ETSY 0.125 09-01-27債券 | Etsy Inc | 債券 | 0.88% | — | -1.54% | |
| 35 | HTHT 3 05-01-26債券 | H World Group LTD | 債券 | 0.87% | — | +16.49% | |
| 36 | DOCN 0 12-01-26債券 | Digitalocean Holdings | 債券 | 0.87% | +0.03% | NEW | |
| 37 | BBIO 2.25 02-01-29債券 | Bridgebio Pharma Inc | 債券 | 0.85% | -0.12% | +8.22% | |
| 38 | LRN 1.125 09-01-27債券 | Stride Inc | 債券 | 0.83% | -0.07% | — | |
| 39 | BE 3 06-01-28債券 | Bloom Energy CORP | 債券 | 0.82% | — | -4.78% | |
| 40 | CNMD 2.25 06-15-27債券 | Conmed CORP | 債券 | 0.81% | -0.76% | EXIT | |
| 41 | PI 1.125 05-15-27債券 | Impinj Inc | 債券 | 0.80% | +0.03% | +8.50% | |
| 42 | ETSY 0.25 06-15-28債券 | Etsy Inc | 債券 | 0.78% | — | +2.77% | |
| 43 | CAMT 0 12-01-26債券 | Camtek Ltd/israel | 債券 | 0.78% | — | — | |
| 44 | IDCC 3.5 06-01-27債券 | Interdigital Inc | 債券 | 0.78% | — | — | |
| 45 | SPHR 3.5 12-01-28債券 | Sphere Entertainment Co | 債券 | 0.75% | +0.25% | +30.45% | |
| 46 | COLL 2.875 02-15-29債券 | Collegium Pharma Inc | 債券 | 0.74% | +0.01% | — | |
| 47 | LYFT 0.625 03-01-29債券 | Lyft Inc | 債券 | 0.74% | -0.41% | -12.13% | |
| 48 | VAC 0 01-15-26債券 | Marriott Vacation Worldw | 債券 | 0.74% | — | -2.75% | |
| 49 | SNAP 0.5 05-01-30債券 | Snap Inc | 債券 | 0.73% | — | — | |
| 50 | CSGS 3.875 09-15-28債券 | Csg Systems Internationa | 債券 | 0.72% | — | -0.96% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | TCOM 0.75 06-15-29債券 | Trip.com Group LTD | +2.5% | NEW | 新建倉 |
| 2 | PTON 5.5 12-01-29債券 | Peloton Interactive Inc | +1.3% | NEW | 新建倉 |
| 3 | MKSI 1.25 06-01-30債券 | Mks Inc | +1.3% | NEW | 新建倉 |
| 4 | MSTR 2.25 06-15-32債券 | Strategy Inc | +1.3% | NEW | 新建倉 |
| 5 | GVA 3.25 06-15-30債券 | Granite Construction Inc | +1.1% | NEW | 新建倉 |
| 6 | MSTR 0.625 03-15-30債券 | Strategy Inc | +1% | +2.50% | 加碼 |
| 7 | HAE 2.5 06-01-29債券 | Haemonetics CORP | +1% | NEW | 新建倉 |
| 8 | ITRI 1.375 07-15-30債券 | Itron Inc | +1% | NEW | 新建倉 |
| 9 | COIN 0.25 04-01-30債券 | Coinbase Global Inc | +1% | +13.35% | 加碼 |
| 10 | BE 3 06-01-29債券 | Bloom Energy CORP | +1% | NEW | 新建倉 |
| 11 | SNAP 0.5 05-01-30債券 | Snap Inc | +0.7% | NEW | 新建倉 |
| 12 | PCRX 2.125 05-15-29債券 | Pacira Biosciences Inc | +0.6% | NEW | 新建倉 |
| 13 | BABA 0.5 06-01-31債券 | Alibaba Group Holding | +0.5% | NEW | 新建倉 |
| 14 | SPB 3.375 06-01-29債券 | Spectrum Brands Inc | +0.5% | NEW | 新建倉 |
| 15 | ZTO 1.5 09-01-27債券 | Zto Express Ky Inc | +0.5% | +50.23% | 加碼 |
| 16 | TMDX 1.5 06-01-28債券 | Transmedics Group Inc | +0.5% | +3.13% | 加碼 |
| 17 | BL 1 06-01-29債券 | Blackline Inc | +0.5% | NEW | 新建倉 |
| 18 | ON 0.5 03-01-29債券 | On Semiconductor CORP | +0.4% | NEW | 新建倉 |
| 19 | PRO 2.5 07-01-30債券 | Pros Holdings Inc | +0.4% | NEW | 新建倉 |
| 20 | FVICN 3.75 06-30-29債券 | Fortuna Mining CORP | +0.4% | NEW | 新建倉 |
| 21 | CIFR 1.75 05-15-30債券 | Cipher Digital Inc | +0.4% | NEW | 新建倉 |
| 22 | W 3.5 11-15-28債券 | Wayfair Inc | +0.4% | NEW | 新建倉 |
| 23 | SRPT 1.25 09-15-27債券 | Sarepta Therapeutics Inc | +0.3% | +85.85% | 加碼 |
| 24 | FLR 1.125 08-15-29債券 | Fluor CORP | +0.3% | +498.16% | 加碼 |
| 25 | NET | Cloudflare Inc - Class A | +0.3% | NEW | 新建倉 |
| 26 | ALRM 2.25 06-01-29債券 | Alarm.com Hldgs Inc | +0.3% | NEW | 新建倉 |
| 27 | MSTR 0.875 03-15-31債券 | Strategy Inc | +0.3% | +9.61% | 加碼 |
| 28 | SEI 4.75 05-01-30債券 | Solaris Energy Infrastru | +0.2% | NEW | 新建倉 |
| 29 | SPHR 3.5 12-01-28債券 | Sphere Entertainment Co | +0.2% | +30.45% | 加碼 |
| 30 | IMCR 2.5 02-01-30債券 | Immunocore Holdings | +0.2% | +85.34% | 加碼 |
| 31 | EXAS 0.375 03-15-27債券 | Exact Sciences CORP | +0.2% | +24.84% | 加碼 |
| 32 | W 3.25 09-15-27債券 | Wayfair Inc | +0.2% | NEW | 新建倉 |
| 33 | WEC | Wec Energy Group Inc | +0.2% | NEW | 新建倉 |
| 34 | ✓ | Cyberark Software LTD. Cmn | +0.2% | NEW | 新建倉 |
| 35 | GH 0 11-15-27債券 | Guardant Health Inc | +0.1% | +44.48% | 加碼 |
| 36 | SMTC 1.625 11-01-27債券 | Semtech CORP | +0.1% | +5.34% | 加碼 |
| 37 | VSH 2.25 09-15-30債券 | Vishay Intertechnology | +0.1% | +23.00% | 加碼 |
| 38 | DUK | Duke Energy CORP | +0.1% | NEW | 新建倉 |
| 39 | EXAS 0.375 03-01-28債券 | Exact Sciences CORP | +0.1% | +21.10% | 加碼 |
| 40 | ✓ | Dynavax Technol | +0.1% | +57.64% | 加碼 |
| 41 | ✓ | Thayer Ventures Acq CORP Ii | +0.1% | NEW | 新建倉 |
| 42 | SMTC 4 11-01-28債券 | Semtech CORP | +0.1% | NEW | 新建倉 |
| 43 | CAMT 0 12-01-26債券 | Camtek Ltd/israel | +0.1% | — | 不變 |
| 44 | NIO 3.875 10-15-29債券 | Nio Inc | +0.1% | NEW | 新建倉 |
| 45 | ✓ | +0.1% | NEW | 新建倉 | |
| 46 | BBIO 2.5 03-15-27債券 | Bridgebio Pharma Inc | +0.1% | +17.93% | 加碼 |
| 47 | ✓ | Perimeter Acquisition CORP I | +0.1% | NEW | 新建倉 |
| 48 | CORZW | Core Scientific Inc - 27 | +0.1% | -44.75% | 減碼 |
| 49 | CNP | Centerpoint Energy Inc | +0.1% | NEW | 新建倉 |
| 50 | ✓ | Kochav Defense Acqui Co | +0.1% | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Linden Advisors LP 在 Q2 2025 季度的美股持倉總市值約為 US$193.0億，共申報了 376 個公開持股部位。
在 Q2 2025 季度，Linden Advisors LP 按市值排列的前三大核心持股分別為：MSTR 0.625 03-15-30 (4.7%)、COIN 0.25 04-01-30 (3.1%)、TCOM 0.75 06-15-29 (2.5%)。其中最大持股部位 MSTR 0.625 03-15-30 佔據整體投資組合約 4.7% 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
TCOM 0.75 06-15-29
市值: US$4.0億
本季最大獲利了結 / 清倉標的
PCG 4.25 12-01-27
前期市值: US$3.0億
在 Q2 2025 季度中，Linden Advisors LP 共進行了 194 項持倉異動，包含新建倉 79 個部位、加碼 41 個部位、減碼 29 個部位以及清倉 45 個部位。 其中最大新建倉標的為 TCOM 0.75 06-15-29。 本季清倉部位包含 PCG 4.25 12-01-27。
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。