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
145 檔
29.9%
Oaktree Capital Management LP 在 Q1 2026 季度的美股部位總計估值為 US$72.1億，分散於 145 個持倉標的之中，反映其市場參與廣度與投資規模。
從 Q1 2026 申報觀察，Oaktree Capital Management LP 採取防禦導向的調倉策略，本季減碼 51 檔個股並出清 60 檔部位，顯示機構在該時期進行風險控制與流動性回收。
從部位權重觀察，前 5 大標的（包含 TRMD, EXE, QQQ）累計市值佔比達 29.9%，是驅動 Oaktree Capital Management LP 該季度整體投資組合績效表現的核心支柱。
| # | 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 | 10.30% | -3.02% | -9.78% | |
| 2 | EXE | Expand Energy CORP | 股票-能源 | 8.77% | -2.14% | +3.46% | |
| 3 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 5.02% | +4.02% | — | |
| 4 | AU | AngloGold Ashanti plc | 股票-原物料 | 4.79% | -1.22% | -16.24% | |
| 5 | GTX | Garrett Motion Inc | 股票-循環性消費 | 4.04% | -0.22% | -14.62% | |
| 6 | INDV | Indivior Pharmaceuticals Inc | 股票-其他 | 3.25% | +0.24% | — | |
| 7 | CORZ | Core Scientific Inc | 股票-科技 | 2.93% | +0.62% | +24.15% | |
| 8 | XOP | Ss Spdr S&p Og Exp & Prod | ETF-其他 | 2.77% | -2.77% | EXIT | |
| 9 | TDS | Telephone And Data Systems | 股票-通訊服務 | 2.76% | -0.05% | +16.37% | |
| 10 | VNOM | Viper Energy Inc-cl A | 股票-能源 | 2.72% | -0.49% | -39.68% | |
| 11 | TLN | Talen Energy CORP | 股票-公用事業 | 2.34% | -0.57% | -23.77% | |
| 12 | STKL | Sunopta Inc | 股票-其他 | 2.05% | -2.04% | — | |
| 13 | PBR | Petroleo Brasileiro-spon Adr | 股票-能源 | 1.93% | -1.93% | EXIT | |
| 14 | B | Barrick Mining CORP | 股票-原物料 | 1.63% | — | -11.77% | |
| 15 | LBTYA | Liberty Global Ltd. | 股票-其他 | 1.58% | -0.23% | — | |
| 16 | ITUB | Itau Unibanco H-spon Prf Adr | 股票-金融 | 1.56% | -0.20% | -11.82% | |
| 17 | JBLU 0.5 04-01-26債券 | Jetblue Airways CORP | 債券 | 1.45% | -1.45% | EXIT | |
| 18 | RIOT 0.75 01-15-30債券 | Riot Platforms Inc | 債券 | 1.40% | -0.67% | -2.80% | |
| 19 | NOK | Nokia Corp-spon Adr | 股票-科技 | 1.37% | -1.37% | EXIT | |
| 20 | TAC | Transalta CORP | 股票-其他 | 1.28% | -0.70% | — | |
| 21 | CBL | Cbl & Associates Properties | 股票-其他 | 1.26% | -1.26% | EXIT | |
| 22 | FCX | Freeport-mcmoran Inc | 股票-原物料 | 1.09% | -0.04% | -12.22% | |
| 23 | ECHO 3.875 11-30-30債券 | Echostar CORP | 債券 | 0.98% | -0.20% | — | |
| 24 | XPEV | XPeng Inc. | 股票-其他 | 0.92% | -0.22% | -4.46% | |
| 25 | PEB 1.75 12-15-26債券 | Pebblebrook Hotel Trust | 債券 | 0.86% | +0.02% | +45.41% | |
| 26 | AWK 3.625 06-15-26債券 | American Water Capital C | 債券 | 0.85% | -0.85% | EXIT | |
| 27 | AERO | Grupo Aeromexico Sab De Cv | 股票-其他 | 0.85% | +0.14% | +5.08% | |
| 28 | ETSY 0.25 06-15-28債券 | Etsy Inc | 債券 | 0.84% | +0.01% | +21.99% | |
| 29 | BMRN 1.25 05-15-27債券 | Biomarin Pharmaceutical | 債券 | 0.82% | +0.05% | +32.92% | |
| 30 | BLCO | Bausch + Lomb CORP | 股票-其他 | 0.82% | -0.03% | — | |
| 31 | COIN 0.5 06-01-26債券 | Coinbase Global Inc | 債券 | 0.80% | -0.80% | EXIT | |
| 32 | KRC | Kilroy Realty CORP | 股票-房地產 | 0.80% | +0.16% | — | |
| 33 | LILA | Liberty Latin America Ltd. | 股票-其他 | 0.77% | +0.05% | — | |
| 34 | ENPH 0 03-01-28債券 | Enphase Energy Inc | 債券 | 0.77% | +0.03% | +48.31% | |
| 35 | CRDO | Credo Technology Group Holding Ltd | 股票-科技 | 0.77% | -0.77% | EXIT | |
| 36 | VAC 3.25 12-15-27債券 | Marriott Vacation Worldw | 債券 | 0.77% | +0.02% | +29.10% | |
| 37 | RWAY | Runway Growth Finance CORP | 股票-其他 | 0.74% | -0.19% | — | |
| 38 | SEALTD 0.25 09-15-26債券 | Sea LTD | 債券 | 0.72% | +0.14% | +23.24% | |
| 39 | OKTA 0.375 06-15-26債券 | Okta Inc | 債券 | 0.71% | -0.71% | EXIT | |
| 40 | BSY 0.375 07-01-27債券 | Bentley Systems | 債券 | 0.68% | +0.04% | +598.29% | |
| 41 | YPF | Ypf S.a.-sponsored Adr | 股票-其他 | 0.62% | +0.01% | — | |
| 42 | QTWO 0.75 06-01-26債券 | Q2 Holdings Inc | 債券 | 0.62% | -0.62% | EXIT | |
| 43 | LYB | LyondellBasell Industries N.V. | 股票-原物料 | 0.61% | +0.05% | — | |
| 44 | DKNG 0 03-15-28債券 | Draftkings Holdings Inc | 債券 | 0.61% | +0.15% | +75.84% | |
| 45 | XYZ 0 05-01-26債券 | Block Inc | 債券 | 0.57% | -0.57% | EXIT | |
| 46 | DXCM 0.375 05-15-28債券 | Dexcom Inc | 債券 | 0.57% | +0.22% | +44.39% | |
| 47 | PRGS 1 04-15-26債券 | Progress Software CORP | 債券 | 0.55% | -0.55% | EXIT | |
| 48 | CNMD 2.25 06-15-27債券 | Conmed CORP | 債券 | 0.54% | +0.19% | -10.25% | |
| 49 | U 0 11-15-26債券 | Unity Software Inc | 債券 | 0.53% | +0.14% | +296.00% | |
| 50 | AMPH 2 03-15-29債券 | Amphastar Pharmaceutical | 債券 | 0.53% | -0.01% | -12.72% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | TRMD | TORM plc | +2.8% | -9.78% | 減碼 |
| 2 | STKL | Sunopta Inc | +0.9% | — | 不變 |
| 3 | EXE | Expand Energy CORP | +0.8% | +3.46% | 加碼 |
| 4 | AWK 3.625 06-15-26債券 | American Water Capital C | +0.8% | +1532.25% | 加碼 |
| 5 | CORZ | Core Scientific Inc | +0.8% | +24.15% | 加碼 |
| 6 | TDS | Telephone And Data Systems | +0.6% | +16.37% | 加碼 |
| 7 | BSY 0.375 07-01-27債券 | Bentley Systems | +0.6% | +598.29% | 加碼 |
| 8 | U 0 11-15-26債券 | Unity Software Inc | +0.4% | +296.00% | 加碼 |
| 9 | OKTA 0.375 06-15-26債券 | Okta Inc | +0.3% | +65.92% | 加碼 |
| 10 | PEB 1.75 12-15-26債券 | Pebblebrook Hotel Trust | +0.3% | +45.41% | 加碼 |
| 11 | ENPH 0 03-01-28債券 | Enphase Energy Inc | +0.3% | +48.31% | 加碼 |
| 12 | XYZ 0 05-01-26債券 | Block Inc | +0.3% | +86.63% | 加碼 |
| 13 | DKNG 0 03-15-28債券 | Draftkings Holdings Inc | +0.3% | +75.84% | 加碼 |
| 14 | BMRN 1.25 05-15-27債券 | Biomarin Pharmaceutical | +0.2% | +32.92% | 加碼 |
| 15 | LBTYA | Liberty Global Ltd. | +0.2% | — | 不變 |
| 16 | VAC 3.25 12-15-27債券 | Marriott Vacation Worldw | +0.2% | +29.10% | 加碼 |
| 17 | DXCM 0.375 05-15-28債券 | Dexcom Inc | +0.2% | +44.39% | 加碼 |
| 18 | ETSY 0.25 06-15-28債券 | Etsy Inc | +0.2% | +21.99% | 加碼 |
| 19 | SEALTD 0.25 09-15-26債券 | Sea LTD | +0.2% | +23.24% | 加碼 |
| 20 | JBLU 0.5 04-01-26債券 | Jetblue Airways CORP | +0.2% | +5.04% | 加碼 |
| 21 | LILA | Liberty Latin America Ltd. | +0.2% | — | 不變 |
| 22 | XPEV | XPeng Inc. | +0.2% | -4.46% | 減碼 |
| 23 | ITUB | Itau Unibanco H-spon Prf Adr | +0.2% | -11.82% | 減碼 |
| 24 | BATL | Battalion Oil CORP | +0.1% | — | 不變 |
| 25 | AU | AngloGold Ashanti plc | +0.1% | -16.24% | 減碼 |
| 26 | ECHO 3.875 11-30-30債券 | Echostar CORP | +0.1% | — | 加碼 |
| 27 | TAC | Transalta CORP | +0.1% | — | 不變 |
| 28 | TCOM 0.75 06-15-29債券 | Trip.com Group LTD | +0.1% | +538.18% | 加碼 |
| 29 | AFRM 0 11-15-26債券 | Affirm Holdings Inc | +0.1% | +120.80% | 加碼 |
| 30 | NTNX 0.25 10-01-27債券 | Nutanix Inc | +0.1% | +280.00% | 加碼 |
| 31 | UPWK 0.25 08-15-26債券 | Upwork Inc | +0.1% | +77.59% | 加碼 |
| 32 | FCX | Freeport-mcmoran Inc | +0.1% | -12.22% | 減碼 |
| 33 | MSTR 0 12-01-29債券 | Strategy Inc | +0.1% | +109.61% | 加碼 |
| 34 | XYZ 0.25 11-01-27債券 | Block Inc | +0.1% | +85.04% | 加碼 |
| 35 | PENN 2.75 05-15-26債券 | Penn Entertainment Inc | +0.1% | +93.09% | 加碼 |
| 36 | RIOT 0.75 01-15-30債券 | Riot Platforms Inc | +0.1% | -2.80% | 減碼 |
| 37 | COGT 1.625 11-15-31債券 | Cogent Biosciences Inc | +0.1% | +33.61% | 加碼 |
| 38 | ITRI 1.375 07-15-30債券 | Itron Inc | 0% | +18.95% | 加碼 |
| 39 | BXMT 5.5 03-15-27債券 | Blackstone Mortgage Tr | 0% | +8.00% | 加碼 |
| 40 | SNAP 0 05-01-27債券 | Snap Inc | 0% | +0.86% | 加碼 |
| 41 | ✓ | Rice Acquisition CORP 3 | 0% | — | 不變 |
| 42 | SPB 3.375 06-01-29債券 | Spectrum Brands Inc | 0% | -4.98% | 減碼 |
| 43 | ✓ | Liberty Latin America LTD | 0% | — | 不變 |
| 44 | GLAD 5.875 10-01-30債券 | Gladstone Capital CORP | 0% | +151.72% | 加碼 |
| 45 | RWT 7.75 06-15-27債券 | Redwood Trust Inc | 0% | +10.61% | 加碼 |
| 46 | MX | Magnachip Semiconductor CORP | 0% | — | 不變 |
| 47 | DOCN 0 12-01-26債券 | Digitalocean Holdings | 0% | +58.78% | 加碼 |
| 48 | PSN 2.625 03-01-29債券 | Parsons CORP | 0% | +77.59% | 加碼 |
| 49 | MSTR 0.875 03-15-31債券 | Strategy Inc | 0% | +69.23% | 加碼 |
| 50 | NEE 3 03-01-27債券 | Nextera Energy Capital | 0% | — | 不變 |
根據 SEC 官方 Form 13F 申報備案，Oaktree Capital Management LP 在 Q1 2026 季度的美股持倉總市值約為 US$72.1億，共申報了 145 個公開持股部位。
在 Q1 2026 季度，Oaktree Capital Management LP 按市值排列的前三大核心持股分別為：TRMD (10.3%)、EXE (8.8%)、QQQ (5.0%)。其中最大持股部位 TRMD 佔據整體投資組合約 10.3% 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
QQQ
市值: US$3.3億
本季最大獲利了結 / 清倉標的
SMH
前期市值: US$3.1億
在 Q1 2026 季度中，Oaktree Capital Management LP 共進行了 182 項持倉異動，包含新建倉 35 個部位、加碼 36 個部位、減碼 51 個部位以及清倉 60 個部位。 其中最大新建倉標的為 QQQ。 本季清倉部位包含 SMH。
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。