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: 0000949509
申報總市值
US$72.1億
US$72.1億
167 檔
29.3%
Q1 2025 季度申報顯示，Oaktree Capital Management LP 揭露的美股組合總市值為 US$72.1億，涵蓋 167 個不同之權益投資部位。
在 Q1 2025，Oaktree Capital Management LP 操作展現出積極擴展與加碼意向。本季共新建倉 167 個新部位，並對 0 個既有持股進行加碼（合計增持 167 檔），相較減碼與清倉部位顯著佔優。
整體而言，Oaktree Capital Management LP 的前 5 大持股（包含 TRMD, EXE, GTX）貢獻了組合市值的 29.3%，形成該機構在 Q1 2025 季度的基本面基石。
本季最大新建倉標的
TRMD
市值: US$6.6億
本季最大獲利了結 / 清倉標的
EGLE 5 08-01-24
前期市值: US$5.3萬
| # | 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 | TRMD | TORM plc | 股票-其他 | 12.82% | -3.02% | — | |
| 2 | EXE | Expand Energy CORP | 股票-能源 | 11.98% | -2.14% | -19.82% | |
| 3 | GTX | Garrett Motion Inc | 股票-循環性消費 | 7.14% | -0.22% | — | |
| 4 | SB9 | Sitio Royalties Corp-a | 股票-其他 | 4.97% | — | — | |
| 5 | AU | AngloGold Ashanti plc | 股票-原物料 | 3.92% | -1.22% | -1.67% | |
| 6 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 3.68% | +14.04% | NEW | |
| 7 | TLN | Talen Energy CORP | 股票-公用事業 | 2.32% | -0.57% | -5.78% | |
| 8 | RWAY | Runway Growth Finance CORP | 股票-其他 | 2.16% | -0.19% | — | |
| 9 | CX | Cemex Sab-spons Adr Part Cer | 股票-其他 | 2.10% | -0.46% | +32.87% | |
| 10 | INDV | Indivior Pharmaceuticals, Inc. | 股票-其他 | 2.00% | — | +26.06% | |
| 11 | VIST | Vista Energy Sab De Cv | 股票-其他 | 1.97% | — | -4.75% | |
| 12 | STKL | Sunopta Inc | 股票-其他 | 1.95% | -2.04% | — | |
| 13 | NOK | Nokia Corp-spon Adr | 股票-科技 | 1.91% | -1.37% | EXIT | |
| 14 | SBLK | Star Bulk Carriers Corp. | 股票-其他 | 1.62% | — | — | |
| 15 | FCX | Freeport-mcmoran Inc | 股票-原物料 | 1.60% | -0.04% | +24.28% | |
| 16 | LBTYA | Liberty Global Ltd. | 股票-其他 | 1.60% | -0.23% | -6.49% | |
| 17 | CBL | Cbl & Associates Properties | 股票-其他 | 1.55% | -1.26% | EXIT | |
| 18 | KRC | Kilroy Realty CORP | 股票-房地產 | 1.17% | +0.16% | — | |
| 19 | CRC | California Resources CORP | 股票-能源 | 1.17% | — | -32.73% | |
| 20 | VALE | Vale Sa-sp Adr | 股票-原物料 | 1.16% | — | -16.37% | |
| 21 | TAC | Transalta CORP | 股票-其他 | 1.01% | -0.70% | — | |
| 22 | ABX | Barrick Gold CORP | 股票-金融 | 0.95% | — | +147.93% | |
| 23 | CHRS 1.5 04-15-26債券 | Coherus Oncology Inc | 債券 | 0.93% | — | — | |
| 24 | GRAB | Grab Holdings Limited | 股票-科技 | 0.90% | — | — | |
| 25 | HTHT | H World Group Ltd-adr | 股票-其他 | 0.88% | — | +7.35% | |
| 26 | JBLU 0.5 04-01-26債券 | Jetblue Airways CORP | 債券 | 0.79% | -1.45% | EXIT | |
| 27 | CABO 0 03-15-26債券 | Cable One Inc | 債券 | 0.78% | — | -7.64% | |
| 28 | PEB 1.75 12-15-26債券 | Pebblebrook Hotel Trust | 債券 | 0.78% | +0.02% | +4.89% | |
| 29 | JD | Jd.com Inc-adr | 股票-循環性消費 | 0.76% | — | -31.86% | |
| 30 | ITUB | Itau Unibanco H-spon Prf Adr | 股票-金融 | 0.74% | -0.20% | — | |
| 31 | PBR | Petroleo Brasileiro-spon Adr | 股票-能源 | 0.74% | -1.93% | EXIT | |
| 32 | BILI | Bilibili Inc-sponsored Adr | 股票-其他 | 0.71% | — | — | |
| 33 | EC | Ecopetrol Sa-sponsored Adr | 股票-其他 | 0.64% | — | — | |
| 34 | HOUS 0.25 06-15-26債券 | Anywhere Re Grp/realogy | 債券 | 0.60% | — | -8.12% | |
| 35 | OCSL | Oaktree Specialty Lending Co | 股票-其他 | 0.55% | +0.98% | — | |
| 36 | TEO | Telecom Argentina Sa-sp Adr | 股票-其他 | 0.53% | -0.27% | -3.22% | |
| 37 | NEO 0.25 01-15-28債券 | Neogenomics Inc | 債券 | 0.53% | -0.07% | +725.83% | |
| 38 | TX | Ternium Sa-sponsored Adr | 股票-其他 | 0.49% | -0.02% | -1.90% | |
| 39 | BEKE | Ke Holdings Inc-adr | 股票-其他 | 0.49% | — | — | |
| 40 | ABNB 0 03-15-26債券 | Airbnb Inc | 債券 | 0.46% | — | +1537.83% | |
| 41 | BZ | Kanzhun LTD - Adr | 股票-其他 | 0.43% | — | -33.57% | |
| 42 | ETSY 0.25 06-15-28債券 | Etsy Inc | 債券 | 0.41% | +0.01% | +47.35% | |
| 43 | SEALTD 0.25 09-15-26債券 | Sea LTD | 債券 | 0.40% | +0.14% | +182.33% | |
| 44 | OPTU | Optimum Communications Inc-a | 股票-通訊服務 | 0.39% | -0.15% | EXIT | |
| 45 | BMA | Banco Macro Sa-adr | 股票-其他 | 0.38% | — | -31.21% | |
| 46 | GH 0 11-15-27債券 | Guardant Health Inc | 債券 | 0.38% | — | -42.71% | |
| 47 | BIDU | Baidu Inc - Spon Adr | 股票-通訊服務 | 0.36% | — | — | |
| 48 | ALVO | Alvotech | 股票-其他 | 0.35% | -0.01% | -2.97% | |
| 49 | ECHO 3.875 11-30-30債券 | Echostar CORP | 債券 | 0.35% | -0.20% | — | |
| 50 | SNAP 0.125 03-01-28債券 | Snap Inc | 債券 | 0.34% | +0.14% | +134.91% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | TRMD | TORM plc | — | NEW | 新建倉 |
| 2 | EXE | Expand Energy CORP | — | NEW | 新建倉 |
| 3 | GTX | Garrett Motion Inc | — | NEW | 新建倉 |
| 4 | SB9 | Sitio Royalties Corp-a | — | NEW | 新建倉 |
| 5 | AU | AngloGold Ashanti plc | — | NEW | 新建倉 |
| 6 | SPY | Ss Spdr S&p 500 ETF Trust-us | — | NEW | 新建倉 |
| 7 | TLN | Talen Energy CORP | — | NEW | 新建倉 |
| 8 | RWAY | Runway Growth Finance CORP | — | NEW | 新建倉 |
| 9 | CX | Cemex Sab-spons Adr Part Cer | — | NEW | 新建倉 |
| 10 | INDV | Indivior Pharmaceuticals, Inc. | — | NEW | 新建倉 |
| 11 | VIST | Vista Energy Sab De Cv | — | NEW | 新建倉 |
| 12 | STKL | Sunopta Inc | — | NEW | 新建倉 |
| 13 | NOK | Nokia Corp-spon Adr | — | NEW | 新建倉 |
| 14 | SBLK | Star Bulk Carriers Corp. | — | NEW | 新建倉 |
| 15 | FCX | Freeport-mcmoran Inc | — | NEW | 新建倉 |
| 16 | LBTYA | Liberty Global Ltd. | — | NEW | 新建倉 |
| 17 | CBL | Cbl & Associates Properties | — | NEW | 新建倉 |
| 18 | KRC | Kilroy Realty CORP | — | NEW | 新建倉 |
| 19 | CRC | California Resources CORP | — | NEW | 新建倉 |
| 20 | VALE | Vale Sa-sp Adr | — | NEW | 新建倉 |
| 21 | TAC | Transalta CORP | — | NEW | 新建倉 |
| 22 | ABX | Barrick Gold CORP | — | NEW | 新建倉 |
| 23 | CHRS 1.5 04-15-26債券 | Coherus Oncology Inc | — | NEW | 新建倉 |
| 24 | GRAB | Grab Holdings Limited | — | NEW | 新建倉 |
| 25 | HTHT | H World Group Ltd-adr | — | NEW | 新建倉 |
| 26 | JBLU 0.5 04-01-26債券 | Jetblue Airways CORP | — | NEW | 新建倉 |
| 27 | CABO 0 03-15-26債券 | Cable One Inc | — | NEW | 新建倉 |
| 28 | PEB 1.75 12-15-26債券 | Pebblebrook Hotel Trust | — | NEW | 新建倉 |
| 29 | JD | Jd.com Inc-adr | — | NEW | 新建倉 |
| 30 | ITUB | Itau Unibanco H-spon Prf Adr | — | NEW | 新建倉 |
| 31 | PBR | Petroleo Brasileiro-spon Adr | — | NEW | 新建倉 |
| 32 | BILI | Bilibili Inc-sponsored Adr | — | NEW | 新建倉 |
| 33 | EC | Ecopetrol Sa-sponsored Adr | — | NEW | 新建倉 |
| 34 | HOUS 0.25 06-15-26債券 | Anywhere Re Grp/realogy | — | NEW | 新建倉 |
| 35 | OCSL | Oaktree Specialty Lending Co | — | NEW | 新建倉 |
| 36 | TEO | Telecom Argentina Sa-sp Adr | — | NEW | 新建倉 |
| 37 | NEO 0.25 01-15-28債券 | Neogenomics Inc | — | NEW | 新建倉 |
| 38 | TX | Ternium Sa-sponsored Adr | — | NEW | 新建倉 |
| 39 | BEKE | Ke Holdings Inc-adr | — | NEW | 新建倉 |
| 40 | ABNB 0 03-15-26債券 | Airbnb Inc | — | NEW | 新建倉 |
| 41 | BZ | Kanzhun LTD - Adr | — | NEW | 新建倉 |
| 42 | ETSY 0.25 06-15-28債券 | Etsy Inc | — | NEW | 新建倉 |
| 43 | SEALTD 0.25 09-15-26債券 | Sea LTD | — | NEW | 新建倉 |
| 44 | OPTU | Optimum Communications Inc-a | — | NEW | 新建倉 |
| 45 | BMA | Banco Macro Sa-adr | — | NEW | 新建倉 |
| 46 | GH 0 11-15-27債券 | Guardant Health Inc | — | NEW | 新建倉 |
| 47 | BIDU | Baidu Inc - Spon Adr | — | NEW | 新建倉 |
| 48 | ALVO | Alvotech | — | NEW | 新建倉 |
| 49 | ECHO 3.875 11-30-30債券 | Echostar CORP | — | NEW | 新建倉 |
| 50 | SNAP 0.125 03-01-28債券 | Snap Inc | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Oaktree Capital Management LP 在 Q1 2025 季度的美股持倉總市值約為 US$72.1億，共申報了 167 個公開持股部位。
在 Q1 2025 季度，Oaktree Capital Management LP 按市值排列的前三大核心持股分別為：TRMD (12.8%)、EXE (12.0%)、GTX (7.1%)。其中最大持股部位 TRMD 佔據整體投資組合約 12.8% 的權重。
在 Q1 2025 季度中，Oaktree Capital Management LP 共進行了 168 項持倉異動，包含新建倉 167 個部位、加碼 0 個部位、減碼 0 個部位以及清倉 1 個部位。 其中最大新建倉標的為 TRMD。 本季清倉部位包含 EGLE 5 08-01-24。
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。
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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。
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。