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
177 檔
35.1%
根據最新整理的 13F 季度數據集，Oaktree Capital Management LP 於 Q2 2025 結束時的管理資產規模為 US$72.1億。該機構在本季度申報了 177 檔美股持倉，呈現出該時期的主要投資地圖。
在 Q2 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 42 個新部位，並對 63 個既有持股進行加碼（合計增持 105 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, SPY, EXE）貢獻了組合市值的 35.1%，形成該機構在 Q2 2025 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 | TRMD | TORM plc | 股票-其他 | 11.72% | -3.02% | — | |
| 2 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 10.84% | +14.04% | NEW | |
| 3 | EXE | Expand Energy CORP | 股票-能源 | 10.18% | -2.14% | -8.99% | |
| 4 | GTX | Garrett Motion Inc | 股票-循環性消費 | 6.67% | -0.22% | -16.31% | |
| 5 | SB9 | Sitio Royalties Corp-a | 股票-其他 | 4.09% | — | +0.08% | |
| 6 | AU | AngloGold Ashanti plc | 股票-原物料 | 3.88% | -1.22% | -9.46% | |
| 7 | INDV | Indivior Pharmaceuticals, Inc. | 股票-其他 | 2.79% | — | — | |
| 8 | STKL | Sunopta Inc | 股票-其他 | 2.07% | -2.04% | — | |
| 9 | RWAY | Runway Growth Finance CORP | 股票-其他 | 1.80% | -0.19% | -9.28% | |
| 10 | CX | Cemex Sab-spons Adr Part Cer | 股票-其他 | 1.77% | -0.46% | -23.45% | |
| 11 | VIST | Vista Energy Sab De Cv | 股票-其他 | 1.70% | — | -5.63% | |
| 12 | NOK | Nokia Corp-spon Adr | 股票-科技 | 1.67% | -1.37% | EXIT | |
| 13 | FCX | Freeport-mcmoran Inc | 股票-原物料 | 1.49% | -0.04% | -8.90% | |
| 14 | LBTYA | Liberty Global Ltd. | 股票-其他 | 1.41% | -0.23% | +13.99% | |
| 15 | CBL | Cbl & Associates Properties | 股票-其他 | 1.31% | -1.26% | EXIT | |
| 16 | ITUB | Itau Unibanco H-spon Prf Adr | 股票-金融 | 1.29% | -0.20% | +58.54% | |
| 17 | XHB | Ss Spdr S&p Homebldrs ETF | ETF-其他 | 1.17% | — | — | |
| 18 | B | Barrick Mining CORP | 股票-原物料 | 1.13% | — | — | |
| 19 | TAC | Transalta CORP | 股票-其他 | 1.13% | -0.70% | +8.95% | |
| 20 | KRC | Kilroy Realty CORP | 股票-房地產 | 1.09% | +0.16% | — | |
| 21 | CRC | California Resources CORP | 股票-能源 | 1.08% | — | — | |
| 22 | PEB 1.75 12-15-26債券 | Pebblebrook Hotel Trust | 債券 | 1.02% | +0.02% | +44.70% | |
| 23 | GRAB | Grab Holdings Limited | 股票-科技 | 1.00% | — | +12.59% | |
| 24 | JBLU 0.5 04-01-26債券 | Jetblue Airways CORP | 債券 | 0.99% | -1.45% | EXIT | |
| 25 | TLN | Talen Energy CORP | 股票-公用事業 | 0.97% | -0.57% | -67.52% | |
| 26 | SBLK | Star Bulk Carriers Corp. | 股票-其他 | 0.96% | — | -39.88% | |
| 27 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 0.89% | — | — | |
| 28 | CABO 0 03-15-26債券 | Cable One Inc | 債券 | 0.85% | — | +21.60% | |
| 29 | ABNB 0 03-15-26債券 | Airbnb Inc | 債券 | 0.60% | — | +44.58% | |
| 30 | BLCO | Bausch + Lomb CORP | 股票-其他 | 0.56% | -0.03% | — | |
| 31 | EC | Ecopetrol Sa-sponsored Adr | 股票-其他 | 0.54% | — | +12.26% | |
| 32 | INN 1.5 02-15-26債券 | Summit Hotel Properties | 債券 | 0.51% | — | +1379.83% | |
| 33 | SEALTD 0.25 09-15-26債券 | Sea LTD | 債券 | 0.49% | +0.14% | +34.51% | |
| 34 | TDOC 1.25 06-01-27債券 | Teladoc Health Inc | 債券 | 0.48% | +0.25% | +97.59% | |
| 35 | BZ | Kanzhun LTD - Adr | 股票-其他 | 0.48% | — | +34.19% | |
| 36 | TX | Ternium Sa-sponsored Adr | 股票-其他 | 0.48% | -0.02% | +13.18% | |
| 37 | ETSY 0.25 06-15-28債券 | Etsy Inc | 債券 | 0.47% | +0.01% | +27.32% | |
| 38 | BEKE | Ke Holdings Inc-adr | 股票-其他 | 0.46% | — | +20.58% | |
| 39 | CNMD 2.25 06-15-27債券 | Conmed CORP | 債券 | 0.45% | +0.19% | +58.97% | |
| 40 | SNAP 0.125 03-01-28債券 | Snap Inc | 債券 | 0.44% | +0.14% | +42.40% | |
| 41 | ECHO 3.875 11-30-30債券 | Echostar CORP | 債券 | 0.44% | -0.20% | +34.05% | |
| 42 | OCSL | Oaktree Specialty Lending Co | 股票-其他 | 0.44% | +0.98% | — | |
| 43 | ALRM 0 01-15-26債券 | Alarm.com Hldgs Inc | 債券 | 0.42% | — | +220.52% | |
| 44 | VAC 3.25 12-15-27債券 | Marriott Vacation Worldw | 債券 | 0.41% | +0.02% | +68.45% | |
| 45 | TEO | Telecom Argentina Sa-sp Adr | 股票-其他 | 0.40% | -0.27% | -2.40% | |
| 46 | ENPH 0 03-01-26債券 | Enphase Energy Inc | 債券 | 0.39% | — | +104.41% | |
| 47 | YMM | Full Truck Alliance -spn Adr | 股票-其他 | 0.37% | — | — | |
| 48 | WIX 0 08-15-25債券 | Wix LTD | 債券 | 0.36% | — | +331.82% | |
| 49 | NVST 1.75 08-15-28債券 | Envista Holdings CORP | 債券 | 0.36% | -0.10% | +30.16% | |
| 50 | OKTA 0.125 09-01-25債券 | Okta Inc | 債券 | 0.35% | — | +516.54% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | SPY | Ss Spdr S&p 500 ETF Trust-us | +7.2% | +200.00% | 加碼 |
| 2 | XHB | Ss Spdr S&p Homebldrs ETF | +1.2% | NEW | 新建倉 |
| 3 | B | Barrick Mining CORP | +1.1% | NEW | 新建倉 |
| 4 | IWM | Ishares Russell 2000 ETF | +0.9% | NEW | 新建倉 |
| 5 | INDV | Indivior Pharmaceuticals, Inc. | +0.8% | — | 不變 |
| 6 | BLCO | Bausch + Lomb CORP | +0.6% | NEW | 新建倉 |
| 7 | ITUB | Itau Unibanco H-spon Prf Adr | +0.5% | +58.54% | 加碼 |
| 8 | INN 1.5 02-15-26債券 | Summit Hotel Properties | +0.5% | +1379.83% | 加碼 |
| 9 | YMM | Full Truck Alliance -spn Adr | +0.4% | NEW | 新建倉 |
| 10 | DAY 0.25 03-15-26債券 | Dayforce Inc | +0.3% | NEW | 新建倉 |
| 11 | OKTA 0.125 09-01-25債券 | Okta Inc | +0.3% | +516.54% | 加碼 |
| 12 | ALRM 0 01-15-26債券 | Alarm.com Hldgs Inc | +0.3% | +220.52% | 加碼 |
| 13 | WIX 0 08-15-25債券 | Wix LTD | +0.3% | +331.82% | 加碼 |
| 14 | DXCM 0.25 11-15-25債券 | Dexcom Inc | +0.3% | NEW | 新建倉 |
| 15 | SO 4.5 06-15-27債券 | Southern Co | +0.3% | NEW | 新建倉 |
| 16 | LILA | Liberty Latin America Ltd. | +0.3% | NEW | 新建倉 |
| 17 | PEB 1.75 12-15-26債券 | Pebblebrook Hotel Trust | +0.2% | +44.70% | 加碼 |
| 18 | SE | Sea Ltd-adr | +0.2% | NEW | 新建倉 |
| 19 | JD 0.25 06-01-29債券 | Jd.com Inc | +0.2% | NEW | 新建倉 |
| 20 | TDOC 1.25 06-01-27債券 | Teladoc Health Inc | +0.2% | +97.59% | 加碼 |
| 21 | JBLU 0.5 04-01-26債券 | Jetblue Airways CORP | +0.2% | +38.74% | 加碼 |
| 22 | MKSI 1.25 06-01-30債券 | Mks Inc | +0.2% | NEW | 新建倉 |
| 23 | ENPH 0 03-01-26債券 | Enphase Energy Inc | +0.2% | +104.41% | 加碼 |
| 24 | YPF | Ypf S.a.-sponsored Adr | +0.2% | NEW | 新建倉 |
| 25 | CBRL 0.625 06-15-26債券 | Cracker Barrel Old Count | +0.2% | NEW | 新建倉 |
| 26 | ABNB 0 03-15-26債券 | Airbnb Inc | +0.1% | +44.58% | 加碼 |
| 27 | WEC 4.375 06-01-29債券 | Wec Energy Group Inc | +0.1% | NEW | 新建倉 |
| 28 | CNMD 2.25 06-15-27債券 | Conmed CORP | +0.1% | +58.97% | 加碼 |
| 29 | VAC 3.25 12-15-27債券 | Marriott Vacation Worldw | +0.1% | +68.45% | 加碼 |
| 30 | COIN 0.25 04-01-30債券 | Coinbase Global Inc | +0.1% | +176.98% | 加碼 |
| 31 | VRNT 0.25 04-15-26債券 | Verint Systems Inc | +0.1% | NEW | 新建倉 |
| 32 | BL 1 06-01-29債券 | Blackline Inc | +0.1% | NEW | 新建倉 |
| 33 | STKL | Sunopta Inc | +0.1% | — | 不變 |
| 34 | TAC | Transalta CORP | +0.1% | +8.95% | 加碼 |
| 35 | BABA 0.5 06-01-31債券 | Alibaba Group Holding | +0.1% | NEW | 新建倉 |
| 36 | VAC 0 01-15-26債券 | Marriott Vacation Worldw | +0.1% | NEW | 新建倉 |
| 37 | GRAB | Grab Holdings Limited | +0.1% | +12.59% | 加碼 |
| 38 | SNAP 0.125 03-01-28債券 | Snap Inc | +0.1% | +42.40% | 加碼 |
| 39 | PSN 2.625 03-01-29債券 | Parsons CORP | +0.1% | +377.34% | 加碼 |
| 40 | TTEK 2.25 08-15-28債券 | Tetra Tech Inc | +0.1% | +281.65% | 加碼 |
| 41 | MTH 1.75 05-15-28債券 | Meritage Homes CORP | +0.1% | NEW | 新建倉 |
| 42 | SEALTD 0.25 09-15-26債券 | Sea LTD | +0.1% | +34.51% | 加碼 |
| 43 | ECHO 3.875 11-30-30債券 | Echostar CORP | +0.1% | +34.05% | 加碼 |
| 44 | HAE 2.5 06-01-29債券 | Haemonetics CORP | +0.1% | NEW | 新建倉 |
| 45 | HDSN | Hudson Technologies Inc | +0.1% | NEW | 新建倉 |
| 46 | TCOM 0.75 06-15-29債券 | Trip.com Group LTD | +0.1% | NEW | 新建倉 |
| 47 | CABO 0 03-15-26債券 | Cable One Inc | +0.1% | +21.60% | 加碼 |
| 48 | MGNI 0.25 03-15-26債券 | Magnite Inc | +0.1% | +196.43% | 加碼 |
| 49 | LITE 1.5 12-15-29債券 | Lumentum Holdings Inc | +0.1% | +110.37% | 加碼 |
| 50 | ETSY 0.25 06-15-28債券 | Etsy Inc | +0.1% | +27.32% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Oaktree Capital Management LP 在 Q2 2025 季度的美股持倉總市值約為 US$72.1億，共申報了 177 個公開持股部位。
在 Q2 2025 季度，Oaktree Capital Management LP 按市值排列的前三大核心持股分別為：TRMD (11.7%)、SPY (10.8%)、EXE (10.2%)。其中最大持股部位 TRMD 佔據整體投資組合約 11.7% 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
XHB
市值: US$6801.3萬
本季最大獲利了結 / 清倉標的
ABX
前期市值: US$4892.4萬
在 Q2 2025 季度中，Oaktree Capital Management LP 共進行了 180 項持倉異動，包含新建倉 42 個部位、加碼 63 個部位、減碼 43 個部位以及清倉 32 個部位。 其中最大新建倉標的為 XHB。 本季清倉部位包含 ABX。
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。