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: 0001096978
申報總市值
US$4.6億
US$4.6億
100 檔
48.8%
截至 Q1 2026 季度末，Mariner Investment Group LLC 的美股持倉估值約為 US$4.6億，全數申報部位共有 100 檔。
Mariner Investment Group LLC 在 Q1 2026 進行了結構性的板塊輪動與部位換股。在開立 42 個全新部位及加碼 23 檔持股的同時，亦同步清倉 43 檔並減碼 16 檔標的。
整體而言，Mariner Investment Group LLC 的前 5 大持股（包含 IBIT, BABA 0.5 06-01-31, FLR 1.125 08-15-29）貢獻了組合市值的 48.8%，形成該機構在 Q1 2026 季度的基本面基石。
| # | 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 | IBIT | Ishares Bitcoin Trust ETF | ETF-加密貨幣 | 34.76% | -12.27% | +45.79% | |
| 2 | BABA 0.5 06-01-31債券 | Alibaba Group Holding | 債券 | 10.04% | -2.39% | +66.67% | |
| 3 | FLR 1.125 08-15-29債券 | Fluor CORP | 債券 | 8.96% | -1.77% | +66.23% | |
| 4 | GPN 1.5 03-01-31債券 | Global Payments Inc | 債券 | 6.38% | -1.52% | — | |
| 5 | SNOW 0 10-01-27債券 | Snowflake Inc | 債券 | 5.13% | -5.13% | EXIT | |
| 6 | RITM | Rithm Capital CORP | 股票-房地產 | 3.65% | -0.95% | +53.40% | |
| 7 | ON 0.5 03-01-29債券 | On Semiconductor CORP | 債券 | 3.54% | -3.41% | +25.00% | |
| 8 | LYV 3.125 01-15-29債券 | Live Nation Entertainmen | 債券 | 2.20% | -2.20% | EXIT | |
| 9 | FOUR | Shift4 Payments Inc-class A | 股票-科技 | 2.02% | -1.35% | +276.00% | |
| 10 | SHY | Ishares 1-3 Year Treasury Bo | ETF-政府公債 | 1.81% | -0.02% | +2776.21% | |
| 11 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 1.68% | +10.72% | +1008.00% | |
| 12 | LYV 2.875 01-15-30債券 | Live Nation Entertainmen | 債券 | 1.56% | -0.27% | — | |
| 13 | CIM | Chimera Investment CORP | 股票-其他 | 1.37% | -0.28% | +30.65% | |
| 14 | ETR | Entergy CORP | 股票-公用事業 | 1.30% | -0.31% | -11.11% | |
| 15 | VCSH | Vanguard S/t CORP Bond ETF | ETF-投資等級公司債 | 1.20% | -0.29% | — | |
| 16 | WMB | Williams Cos Inc | 股票-能源 | 0.99% | -0.10% | -51.28% | |
| 17 | RWT | Redwood Trust Inc | 股票-其他 | 0.89% | -0.33% | -26.16% | |
| 18 | CAT | Caterpillar Inc | 股票-工業 | 0.79% | -0.62% | -78.00% | |
| 19 | AERO | Grupo Aeromexico Sab De Cv | 股票-其他 | 0.69% | -0.03% | — | |
| 20 | PMT | Pennymac Mortgage Investment | 股票-其他 | 0.61% | -0.17% | — | |
| 21 | MFA | Mfa Financial Inc | 股票-其他 | 0.58% | -0.14% | — | |
| 22 | MTZ | Mastec Inc | 股票-工業 | 0.56% | +0.16% | -58.62% | |
| 23 | RWT 7.75 06-15-27債券 | Redwood Trust Inc | 債券 | 0.53% | -0.14% | — | |
| 24 | RDFN 0.5 04-01-27債券 | Redfin CORP | 債券 | 0.46% | -0.12% | — | |
| 25 | LECO | Lincoln Electric Holdings | 股票-工業 | 0.43% | +0.47% | -62.50% | |
| 26 | RRC | Range Resources CORP | 股票-能源 | 0.39% | -0.15% | -82.95% | |
| 27 | EQT | Eqt CORP | 股票-能源 | 0.37% | -0.14% | — | |
| 28 | DX | Dynex Capital Inc | 股票-其他 | 0.35% | -0.08% | — | |
| 29 | SOLS | Solstice Adv Materials Inc | 股票-原物料 | 0.33% | -0.22% | — | |
| 30 | PMT 8.5 06-01-29債券 | Pennymac CORP | 債券 | 0.30% | +0.14% | — | |
| 31 | IGV | Ishares Expanded Tech-softwa | ETF-科技型 | 0.29% | -0.05% | -75.00% | |
| 32 | WMT | Walmart Inc | 股票-非循環性消費 | 0.26% | -0.08% | — | |
| 33 | IEI | Ishares 3-7 Year Treasury Bo | ETF-政府公債 | 0.26% | +0.26% | — | |
| 34 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-非投資等級債 | 0.25% | +0.28% | +41.56% | |
| 35 | LGN | Legence Corp-cl A | 股票-其他 | 0.24% | -0.24% | EXIT | |
| 36 | MCHP | Microchip Technology Inc | 股票-科技 | 0.24% | -0.24% | EXIT | |
| 37 | FSK | Fs Kkr Capital CORP | 股票-金融 | 0.24% | -0.18% | +64.71% | |
| 38 | WIX | Wix.com Ltd. | 股票-科技 | 0.23% | -0.06% | — | |
| 39 | MTSI | Macom Technology Solutions H | 股票-科技 | 0.19% | -0.19% | EXIT | |
| 40 | WING | Wingstop Inc | 股票-循環性消費 | 0.19% | -0.19% | EXIT | |
| 41 | BLDR | Builders Firstsource Inc | 股票-工業 | 0.19% | -0.19% | EXIT | |
| 42 | PWR | Quanta Services Inc | 股票-工業 | 0.17% | -0.04% | — | |
| 43 | LEN | Lennar Corp-a | 股票-循環性消費 | 0.16% | -0.13% | +111.11% | |
| 44 | COHR | Coherent CORP | 股票-科技 | 0.15% | +0.38% | — | |
| 45 | LUMN | Lumen Technologies Inc | 股票-通訊服務 | 0.15% | +0.14% | — | |
| 46 | CCK | Crown Holdings Inc | 股票-循環性消費 | 0.15% | -0.03% | +300.00% | |
| 47 | DHI | Dr Horton Inc | 股票-循環性消費 | 0.14% | -0.13% | +73.98% | |
| 48 | AES | Aes CORP | 股票-公用事業 | 0.14% | -0.03% | — | |
| 49 | NE | Noble Corporation plc | 股票-能源 | 0.14% | -0.06% | — | |
| 50 | TLN | Talen Energy CORP | 股票-公用事業 | 0.12% | -0.12% | EXIT |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | IBIT | Ishares Bitcoin Trust ETF | +28.5% | +45.79% | 加碼 |
| 2 | BABA 0.5 06-01-31債券 | Alibaba Group Holding | +8.7% | +66.67% | 加碼 |
| 3 | FLR 1.125 08-15-29債券 | Fluor CORP | +8% | +66.23% | 加碼 |
| 4 | SNOW 0 10-01-27債券 | Snowflake Inc | +4.7% | +200.00% | 加碼 |
| 5 | RITM | Rithm Capital CORP | +3.1% | +53.40% | 加碼 |
| 6 | ON 0.5 03-01-29債券 | On Semiconductor CORP | +3% | +25.00% | 加碼 |
| 7 | SHY | Ishares 1-3 Year Treasury Bo | +1.8% | +2776.21% | 加碼 |
| 8 | LYV 3.125 01-15-29債券 | Live Nation Entertainmen | +1.8% | — | 不變 |
| 9 | SPY | Ss Spdr S&p 500 ETF Trust-us | +1.7% | +1008.00% | 加碼 |
| 10 | FOUR | Shift4 Payments Inc-class A | +1.6% | +276.00% | 加碼 |
| 11 | LYV 2.875 01-15-30債券 | Live Nation Entertainmen | +1.3% | — | 不變 |
| 12 | CIM | Chimera Investment CORP | +1.2% | +30.65% | 加碼 |
| 13 | ETR | Entergy CORP | +1.1% | -11.11% | 減碼 |
| 14 | WMB | Williams Cos Inc | +0.8% | -51.28% | 減碼 |
| 15 | CAT | Caterpillar Inc | +0.8% | -78.00% | 減碼 |
| 16 | RWT | Redwood Trust Inc | +0.7% | -26.16% | 減碼 |
| 17 | AERO | Grupo Aeromexico Sab De Cv | +0.5% | — | 不變 |
| 18 | RWT 7.75 06-15-27債券 | Redwood Trust Inc | +0.4% | — | 不變 |
| 19 | MTZ | Mastec Inc | +0.4% | -58.62% | 減碼 |
| 20 | RDFN 0.5 04-01-27債券 | Redfin CORP | +0.4% | — | 不變 |
| 21 | EQT | Eqt CORP | +0.3% | — | 不變 |
| 22 | IGV | Ishares Expanded Tech-softwa | +0.3% | -75.00% | 減碼 |
| 23 | RRC | Range Resources CORP | +0.3% | -82.95% | 減碼 |
| 24 | PMT 8.5 06-01-29債券 | Pennymac CORP | +0.2% | — | 不變 |
| 25 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | +0.2% | +41.56% | 加碼 |
| 26 | FSK | Fs Kkr Capital CORP | +0.2% | +64.71% | 加碼 |
| 27 | LECO | Lincoln Electric Holdings | +0.2% | -62.50% | 減碼 |
| 28 | LGN | Legence Corp-cl A | +0.2% | +50.00% | 加碼 |
| 29 | BLDR | Builders Firstsource Inc | +0.2% | +15.00% | 加碼 |
| 30 | LEN | Lennar Corp-a | +0.1% | +111.11% | 加碼 |
| 31 | DHI | Dr Horton Inc | +0.1% | +73.98% | 加碼 |
| 32 | NE | Noble Corporation plc | +0.1% | — | 不變 |
| 33 | LUMN | Lumen Technologies Inc | +0.1% | — | 不變 |
| 34 | CCK | Crown Holdings Inc | +0.1% | +300.00% | 加碼 |
| 35 | BXSL | Blackstone Secured Lending F | +0.1% | +160.00% | 加碼 |
| 36 | WOLF | Wolfspeed Inc | +0.1% | +25.00% | 加碼 |
| 37 | WOLF 2.5 06-15-31債券 | Wolfspeed Inc | +0.1% | — | 不變 |
| 38 | CCOI | Cogent Communications Holdin | +0.1% | — | 不變 |
| 39 | XPRO | Expro Group Holdings N.V. | +0.1% | — | 不變 |
| 40 | TDS | Telephone And Data Systems | +0.1% | — | 不變 |
| 41 | POST | Post Holdings Inc | 0% | — | 不變 |
| 42 | OLN | Olin CORP | 0% | +18.00% | 加碼 |
| 43 | IP | International Paper Co | 0% | — | 不變 |
| 44 | CARR | Carrier Global CORP | 0% | +50.00% | 加碼 |
| 45 | GLW | Corning Inc | 0% | -85.00% | 減碼 |
| 46 | HWM | Howmet Aerospace Inc | 0% | — | 不變 |
| 47 | TLN | Talen Energy CORP | 0% | +1100.00% | 加碼 |
| 48 | UAL | United Airlines Holdings Inc | 0% | -66.67% | 減碼 |
| 49 | SW | Smurfit Westrock Plc | 0% | — | 不變 |
| 50 | DOW | Dow Inc | — | -62.73% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Mariner Investment Group LLC 在 Q1 2026 季度的美股持倉總市值約為 US$4.6億，共申報了 100 個公開持股部位。
在 Q1 2026 季度，Mariner Investment Group LLC 按市值排列的前三大核心持股分別為：IBIT (34.8%)、BABA 0.5 06-01-31 (10.0%)、FLR 1.125 08-15-29 (9.0%)。其中最大持股部位 IBIT 佔據整體投資組合約 34.8% 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
GPN 1.5 03-01-31
市值: US$2207.6萬
本季最大獲利了結 / 清倉標的
MSFT
前期市值: US$1.7億
在 Q1 2026 季度中，Mariner Investment Group LLC 共進行了 124 項持倉異動，包含新建倉 42 個部位、加碼 23 個部位、減碼 16 個部位以及清倉 43 個部位。 其中最大新建倉標的為 GPN 1.5 03-01-31。 本季清倉部位包含 MSFT。
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。