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: 0001578621
申報總市值
US$268.0億
US$268.0億
932 檔
11.3%
在 Q2 2025 的 13F 官方備案中，LMR Partners LLP 管理的美股投資組合規模來到 US$268.0億，整體持股檔數為 932 檔。
在 Q2 2025 期間，LMR Partners LLP 展現了靈活的資產再平衡步調，透過出清 43 檔弱勢或達到目標價部位，將資金轉置於 41 檔新建倉標的之中。
從部位權重觀察，前 5 大標的（包含 MSTR, HYG, NVDA）累計市值佔比達 11.3%，是驅動 LMR Partners LLP 該季度整體投資組合績效表現的核心支柱。
僅顯示前 200 大持股（共 932 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 | 10.13% | -0.41% | +33.08% | |
| 2 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-非投資等級債 | 3.39% | +0.32% | — | |
| 3 | NVDA | Nvidia CORP | 股票-科技 | 3.30% | +1.04% | +3.00% | |
| 4 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 2.61% | -0.27% | +90.43% | |
| 5 | GLD | Spdr Gold Shares | ETF-避險與商品 | 2.23% | -47.32% | +15.65% | |
| 6 | BABA 0.5 06-01-31債券 | Alibaba Group Holding | 債券 | 2.03% | +0.20% | — | |
| 7 | MUB | Ishares National Muni Bond E | ETF-其他 | 1.70% | +0.08% | +2743.00% | |
| 8 | MSTR 2.25 06-15-32債券 | Strategy Inc | 債券 | 1.58% | — | — | |
| 9 | FSLR | First Solar Inc | 股票-科技 | 1.44% | +0.32% | +227.30% | |
| 10 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.39% | -0.62% | +52.90% | |
| 11 | IBIT | Ishares Bitcoin Trust ETF | ETF-加密貨幣 | 1.20% | +0.35% | -20.68% | |
| 12 | BP | Bp Plc-spons Adr | 股票-能源 | 1.06% | +0.09% | +13.69% | |
| 13 | MSTR 0.875 03-15-31債券 | Strategy Inc | 債券 | 0.98% | — | +12.48% | |
| 14 | TSLA | Tesla Inc | 股票-循環性消費 | 0.95% | +0.54% | -15.33% | |
| 15 | AVGO | Broadcom Inc | 股票-科技 | 0.87% | +0.03% | +529.43% | |
| 16 | ECHO 3.875 11-30-30債券 | Echostar CORP | 債券 | 0.85% | +0.80% | +63.76% | |
| 17 | ENPH | Enphase Energy Inc | 股票-科技 | 0.84% | -0.04% | +21785.98% | |
| 18 | JNP | Juniper Networks Inc | 股票-其他 | 0.83% | — | +33.76% | |
| 19 | CRWV | Coreweave Inc-cl A | 股票-科技 | 0.82% | -0.02% | — | |
| 20 | RIVN | Rivian Automotive Inc-a | 股票-循環性消費 | 0.77% | +0.68% | +25.35% | |
| 21 | INFY | Infosys Ltd-sp Adr | 股票-科技 | 0.76% | -0.01% | EXIT | |
| 22 | MARA | Mara Holdings Inc | 股票-金融 | 0.73% | +0.02% | NEW | |
| 23 | VST | Vistra CORP | 股票-公用事業 | 0.70% | — | +2330.43% | |
| 24 | UNH | Unitedhealth Group Inc | 股票-醫療保健 | 0.66% | — | +1329.93% | |
| 25 | SEALTD 2.375 12-01-25債券 | Sea LTD | 債券 | 0.63% | — | — | |
| 26 | WDC | Western Digital CORP | 股票-科技 | 0.63% | +0.12% | +39.49% | |
| 27 | SMH | Vaneck Semiconductor ETF | ETF-其他 | 0.61% | +4.44% | +102.18% | |
| 28 | GME | Gamestop Corp-class A | 股票-循環性消費 | 0.61% | +0.76% | +9.02% | |
| 29 | STX | Seagate Technology Holdings plc | 股票-科技 | 0.58% | +0.26% | -49.00% | |
| 30 | RIVN 4.625 03-15-29債券 | Rivian Auto Inc | 債券 | 0.58% | +0.24% | +83.91% | |
| 31 | COIN | Coinbase Global Inc -class A | 股票-金融 | 0.57% | -0.34% | -2.92% | |
| 32 | REGN | Regeneron Pharmaceuticals | 股票-醫療保健 | 0.57% | +0.07% | — | |
| 33 | VRT | Vertiv Holdings Co-a | 股票-工業 | 0.56% | +0.06% | +508.51% | |
| 34 | SOXX | Ishares Semiconductor ETF | ETF-其他 | 0.56% | -0.16% | +17.86% | |
| 35 | BABA | Alibaba Group Holding-sp Adr | 股票-循環性消費 | 0.56% | +0.31% | +39.07% | |
| 36 | KEL | Kellanova | 股票-其他 | 0.55% | — | +1866.28% | |
| 37 | FYBR | Frontier Communications Pare | 股票-其他 | 0.54% | — | +79.70% | |
| 38 | AMD | Advanced Micro Devices | 股票-科技 | 0.53% | +0.18% | -28.09% | |
| 39 | AMZN | Amazon.com Inc | 股票-循環性消費 | 0.51% | +0.62% | +14383.45% | |
| 40 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 0.48% | +0.48% | +181.49% | |
| 41 | SLV | Ishares Silver Trust | ETF-避險與商品 | 0.48% | +0.43% | -4.66% | |
| 42 | HES | Hess CORP | 股票-其他 | 0.47% | — | +8.45% | |
| 43 | BA | Boeing Co/the | 股票-工業 | 0.45% | — | +422.57% | |
| 44 | ZTO 1.5 09-01-27債券 | Zto Express Ky Inc | 債券 | 0.44% | — | +373.85% | |
| 45 | FBTC | Fidelity Wise Origin Bitcoin | ETF-加密貨幣 | 0.44% | +0.06% | — | |
| 46 | SWTXUSD | Springworks Therapeutics Inc | 股票-其他 | 0.43% | — | +814.07% | |
| 47 | SOFI | Sofi Technologies Inc | 股票-金融 | 0.43% | +0.04% | — | |
| 48 | CEG | Constellation Energy | 股票-公用事業 | 0.43% | -0.02% | +45.41% | |
| 49 | PCG 4.25 12-01-27債券 | Pg&e CORP | 債券 | 0.43% | — | — | |
| 50 | PDD | Pdd Holdings Inc | 股票-循環性消費 | 0.42% | -0.09% | +43.37% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | +3.4% | NEW | 新建倉 |
| 2 | MSTR | Strategy Inc | +3% | +33.08% | 加碼 |
| 3 | BABA 0.5 06-01-31債券 | Alibaba Group Holding | +2% | NEW | 新建倉 |
| 4 | MUB | Ishares National Muni Bond E | +1.6% | +2743.00% | 加碼 |
| 5 | MSTR 2.25 06-15-32債券 | Strategy Inc | +1.6% | NEW | 新建倉 |
| 6 | FSLR | First Solar Inc | +1% | +227.30% | 加碼 |
| 7 | SPY | Ss Spdr S&p 500 ETF Trust-us | +1% | +90.43% | 加碼 |
| 8 | ENPH | Enphase Energy Inc | +0.8% | +21785.98% | 加碼 |
| 9 | CRWV | Coreweave Inc-cl A | +0.8% | NEW | 新建倉 |
| 10 | AVGO | Broadcom Inc | +0.8% | +529.43% | 加碼 |
| 11 | INFY | Infosys Ltd-sp Adr | +0.8% | NEW | 新建倉 |
| 12 | VST | Vistra CORP | +0.7% | +2330.43% | 加碼 |
| 13 | REGN | Regeneron Pharmaceuticals | +0.6% | NEW | 新建倉 |
| 14 | UNH | Unitedhealth Group Inc | +0.6% | +1329.93% | 加碼 |
| 15 | KEL | Kellanova | +0.5% | +1866.28% | 加碼 |
| 16 | AMZN | Amazon.com Inc | +0.5% | +14383.45% | 加碼 |
| 17 | VRT | Vertiv Holdings Co-a | +0.5% | +508.51% | 加碼 |
| 18 | FBTC | Fidelity Wise Origin Bitcoin | +0.4% | NEW | 新建倉 |
| 19 | NVDA | Nvidia CORP | +0.4% | +3.00% | 加碼 |
| 20 | PCG 4.25 12-01-27債券 | Pg&e CORP | +0.4% | NEW | 新建倉 |
| 21 | USO | United States Oil Fund LP | +0.4% | NEW | 新建倉 |
| 22 | SWTXUSD | Springworks Therapeutics Inc | +0.4% | +814.07% | 加碼 |
| 23 | BA | Boeing Co/the | +0.4% | +422.57% | 加碼 |
| 24 | 2655787D | Blueprint Medicines CORP | +0.4% | +3603.41% | 加碼 |
| 25 | NTNX 0.25 10-01-27債券 | Nutanix Inc | +0.4% | NEW | 新建倉 |
| 26 | TXNM | Txnm Energy Inc | +0.4% | NEW | 新建倉 |
| 27 | SPOT | Spotify Technology S.A. | +0.3% | +1345.52% | 加碼 |
| 28 | TSM | Taiwan Semiconductor-sp Adr | +0.3% | +181.49% | 加碼 |
| 29 | ZTO 1.5 09-01-27債券 | Zto Express Ky Inc | +0.3% | +373.85% | 加碼 |
| 30 | SMH | Vaneck Semiconductor ETF | +0.3% | +102.18% | 加碼 |
| 31 | LBRDK | Liberty Broadband-c | +0.3% | +501.76% | 加碼 |
| 32 | NIO | Nio Inc - Adr | +0.3% | +1166.66% | 加碼 |
| 33 | TLN | Talen Energy CORP | +0.3% | NEW | 新建倉 |
| 34 | BILI | Bilibili Inc-sponsored Adr | +0.3% | +7348.92% | 加碼 |
| 35 | WDC | Western Digital CORP | +0.3% | +39.49% | 加碼 |
| 36 | SKAA | Skechers USA Inc-cl A | +0.3% | NEW | 新建倉 |
| 37 | FIVE | Five Below | +0.2% | NEW | 新建倉 |
| 38 | ARM | Arm Holdings Plc-adr | +0.2% | +183.30% | 加碼 |
| 39 | INTU | Intuit Inc | +0.2% | +111.49% | 加碼 |
| 40 | MNDY | monday.com Ltd. | +0.2% | +496.50% | 加碼 |
| 41 | PDD 0 12-01-25債券 | Pdd Holdings Inc | +0.2% | NEW | 新建倉 |
| 42 | MARA | Mara Holdings Inc | +0.2% | +35.38% | 加碼 |
| 43 | GLW | Corning Inc | +0.2% | +149.99% | 加碼 |
| 44 | DG | Dollar General CORP | +0.2% | +855.77% | 加碼 |
| 45 | ECHO 3.875 11-30-30債券 | Echostar CORP | +0.2% | +63.76% | 加碼 |
| 46 | LYV 3.125 01-15-29債券 | Live Nation Entertainmen | +0.2% | NEW | 新建倉 |
| 47 | COIN | Coinbase Global Inc -class A | +0.2% | -2.92% | 減碼 |
| 48 | RIVN 4.625 03-15-29債券 | Rivian Auto Inc | +0.2% | +83.91% | 加碼 |
| 49 | CEG | Constellation Energy | +0.2% | +45.41% | 加碼 |
| 50 | CSCO | Cisco Systems Inc | +0.2% | +206.04% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，LMR Partners LLP 在 Q2 2025 季度的美股持倉總市值約為 US$268.0億，共申報了 932 個公開持股部位。
在 Q2 2025 季度，LMR Partners LLP 按市值排列的前三大核心持股分別為：MSTR (10.1%)、HYG (3.4%)、NVDA (3.3%)。其中最大持股部位 MSTR 佔據整體投資組合約 10.1% 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
HYG
市值: US$4.7億
本季最大獲利了結 / 清倉標的
ITCIEUR
前期市值: US$3.0億
在 Q2 2025 季度中，LMR Partners LLP 共進行了 197 項持倉異動，包含新建倉 41 個部位、加碼 73 個部位、減碼 40 個部位以及清倉 43 個部位。 其中最大新建倉標的為 HYG。 本季清倉部位包含 ITCIEUR。
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。