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: 0001738654
申報總市值
US$16.4億
US$16.4億
53 檔
28.7%
Opti Capital Management, LP 在 Q1 2025 季度的美股部位總計估值為 US$16.4億，分散於 53 個持倉標的之中，反映其市場參與廣度與投資規模。
Q1 2025 數據顯示 Opti Capital Management, LP 積極進場，新開立 53 個部位並同步加碼 0 檔個股，反映機構在該季度的資金注入與籌碼積累。
從部位權重觀察，前 5 大標的（包含 XYZ 0.25 11-01-27, TDOC 1.25 06-01-27, IDCC 3.5 06-01-27）累計市值佔比達 28.7%，是驅動 Opti 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 | XYZ 0.25 11-01-27債券 | Block Inc | 債券 | 7.92% | -4.47% | — | |
| 2 | TDOC 1.25 06-01-27債券 | Teladoc Health Inc | 債券 | 7.18% | -0.48% | — | |
| 3 | IDCC 3.5 06-01-27債券 | Interdigital Inc | 債券 | 5.27% | — | — | |
| 4 | NVCR 0 11-01-25債券 | Novocure LTD | 債券 | 4.43% | — | — | |
| 5 | SNAP 0.125 03-01-28債券 | Snap Inc | 債券 | 4.01% | -0.68% | — | |
| 6 | LITE 0.5 12-15-26債券 | Lumentum Holdings Inc | 債券 | 3.91% | — | — | |
| 7 | HALO 0.25 03-01-27債券 | Halozyme Therapeutics In | 債券 | 3.90% | — | — | |
| 8 | FIVN 0.5 06-01-25債券 | Five9 Inc | 債券 | 3.77% | — | — | |
| 9 | CNMD 2.25 06-15-27債券 | Conmed CORP | 債券 | 3.00% | -2.05% | EXIT | |
| 10 | RPD 0.25 03-15-27債券 | Rapid7 Inc | 債券 | 2.92% | +1.03% | — | |
| 11 | DDD 0 11-15-26債券 | 3d Systems CORP | 債券 | 2.87% | — | — | |
| 12 | NVMI 0 10-15-25債券 | Nova LTD | 債券 | 2.74% | — | — | |
| 13 | NICEIT 0 09-15-25債券 | Nice LTD | 債券 | 2.64% | — | — | |
| 14 | XMTR 1 02-01-27債券 | Xometry Inc | 債券 | 2.63% | — | — | |
| 15 | SRPT 1.25 09-15-27債券 | Sarepta Therapeutics Inc | 債券 | 2.63% | — | — | |
| 16 | FSLY 0 03-15-26債券 | Fastly Inc | 債券 | 2.48% | — | — | |
| 17 | TYL 0.25 03-15-26債券 | Tyler Technologies Inc | 債券 | 2.19% | — | — | |
| 18 | DVAX 2.5 05-15-26債券 | Dynavax Technologies | 債券 | 2.02% | — | — | |
| 19 | PRGS 1 04-15-26債券 | Progress Software CORP | 債券 | 1.98% | -1.50% | EXIT | |
| 20 | PI 1.125 05-15-27債券 | Impinj Inc | 債券 | 1.90% | — | — | |
| 21 | TRIP 0.25 04-01-26債券 | Tripadvisor Inc | 債券 | 1.76% | — | — | |
| 22 | NVST 1.75 08-15-28債券 | Envista Holdings CORP | 債券 | 1.72% | — | — | |
| 23 | BBIO 2.5 03-15-27債券 | Bridgebio Pharma Inc | 債券 | 1.61% | — | — | |
| 24 | EGHT 4 02-01-28債券 | 8x8 Inc | 債券 | 1.57% | — | — | |
| 25 | CYTK 3.5 07-01-27債券 | Cytokinetics Inc | 債券 | 1.56% | — | — | |
| 26 | EXAS 0.375 03-15-27債券 | Exact Sciences CORP | 債券 | 1.42% | — | — | |
| 27 | BSY 0.125 01-15-26債券 | Bentley Systems Inc | 債券 | 1.34% | — | — | |
| 28 | FVRR 0 11-01-25債券 | Fiverr International LTD | 債券 | 1.34% | — | — | |
| 29 | UPWK 0.25 08-15-26債券 | Upwork Inc | 債券 | 1.29% | — | — | |
| 30 | HCAT 2.5 04-15-25債券 | Health Catalyst Inc | 債券 | 1.28% | — | — | |
| 31 | EXAS 0.375 03-01-28債券 | Exact Sciences CORP | 債券 | 1.25% | — | — | |
| 32 | MTN 0 01-01-26債券 | Vail Resorts Inc | 債券 | 1.21% | — | — | |
| 33 | PCRX 0.75 08-01-25債券 | Pacira Biosciences Inc | 債券 | 1.13% | — | — | |
| 34 | WIX 0 08-15-25債券 | Wix LTD | 債券 | 1.06% | — | — | |
| 35 | OMCL 0.25 09-15-25債券 | Omnicell Inc | 債券 | 1.05% | — | — | |
| 36 | ALRM 0 01-15-26債券 | Alarm.com Hldgs Inc | 債券 | 1.00% | — | — | |
| 37 | DAY 0.25 03-15-26債券 | Dayforce Inc | 債券 | 0.97% | — | — | |
| 38 | LPSN 0 12-15-26債券 | Liveperson Inc | 債券 | 0.96% | — | — | |
| 39 | ENPH 0 03-01-26債券 | Enphase Energy Inc | 債券 | 0.87% | — | — | |
| 40 | BMRN 1.25 05-15-27債券 | Biomarin Pharmaceutical | 債券 | 0.80% | -0.28% | — | |
| 41 | NEO 0.25 01-15-28債券 | Neogenomics Inc | 債券 | 0.76% | — | — | |
| 42 | ENPH 0 03-01-28債券 | Enphase Energy Inc | 債券 | 0.72% | +1.50% | — | |
| 43 | BAND 0.5 04-01-28債券 | Bandwidth Inc | 債券 | 0.58% | -0.52% | EXIT | |
| 44 | TDOC 0.875 06-01-25債券 | Livongo Health | 債券 | 0.55% | — | — | |
| 45 | LCII 1.125 05-15-26債券 | Lci Industries | 債券 | 0.54% | -0.36% | EXIT | |
| 46 | VECO 3.75 06-01-27債券 | Veeco Instruments Inc | 債券 | 0.31% | — | — | |
| 47 | CRNC 1.5 07-01-28債券 | Cerence Inc | 債券 | 0.26% | — | — | |
| 48 | ITGR | Integer Holdings CORP | 股票-醫療保健 | 0.21% | — | — | |
| 49 | FIVN 1 03-15-29債券 | Five9 Inc | 債券 | 0.18% | -2.22% | — | |
| 50 | ETSY 0.125 09-01-27債券 | Etsy Inc | 債券 | 0.14% | -0.46% | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | XYZ 0.25 11-01-27債券 | Block Inc | — | NEW | 新建倉 |
| 2 | TDOC 1.25 06-01-27債券 | Teladoc Health Inc | — | NEW | 新建倉 |
| 3 | NTRA 2.25 05-01-27債券 | Natera Inc | — | EXIT | 清倉 |
| 4 | IDCC 3.5 06-01-27債券 | Interdigital Inc | — | NEW | 新建倉 |
| 5 | NVCR 0 11-01-25債券 | Novocure LTD | — | NEW | 新建倉 |
| 6 | DKS 3.25 04-15-25債券 | Dick's Sporting Goods | — | EXIT | 清倉 |
| 7 | CNMD 2.625 02-01-24債券 | Conmed CORP | — | EXIT | 清倉 |
| 8 | NEWR 0.5 05-01-23債券 | New Relic Inc | — | EXIT | 清倉 |
| 9 | SNAP 0.125 03-01-28債券 | Snap Inc | — | NEW | 新建倉 |
| 10 | LITE 0.5 12-15-26債券 | Lumentum Holdings Inc | — | NEW | 新建倉 |
| 11 | HALO 0.25 03-01-27債券 | Halozyme Therapeutics In | — | NEW | 新建倉 |
| 12 | FIVN 0.5 06-01-25債券 | Five9 Inc | — | NEW | 新建倉 |
| 13 | WOLF 1.75 05-01-26債券 | Wolfspeed Inc | — | EXIT | 清倉 |
| 14 | CNMD 2.25 06-15-27債券 | Conmed CORP | — | NEW | 新建倉 |
| 15 | RPD 0.25 03-15-27債券 | Rapid7 Inc | — | NEW | 新建倉 |
| 16 | WORK 0.5 04-15-25債券 | Slack Technologies LLC | — | EXIT | 清倉 |
| 17 | DDD 0 11-15-26債券 | 3d Systems CORP | — | NEW | 新建倉 |
| 18 | SAILUS 0.125 09-15-24債券 | Sailpoint Tech Holdings | — | EXIT | 清倉 |
| 19 | NVMI 0 10-15-25債券 | Nova LTD | — | NEW | 新建倉 |
| 20 | NICEIT 0 09-15-25債券 | Nice LTD | — | NEW | 新建倉 |
| 21 | XMTR 1 02-01-27債券 | Xometry Inc | — | NEW | 新建倉 |
| 22 | SRPT 1.25 09-15-27債券 | Sarepta Therapeutics Inc | — | NEW | 新建倉 |
| 23 | FSLY 0 03-15-26債券 | Fastly Inc | — | NEW | 新建倉 |
| 24 | MNDT 1.625 06-01-35 B債券 | Mandiant Inc | — | EXIT | 清倉 |
| 25 | SUPN 0.625 04-01-23債券 | Supernus Pharmaceuticals | — | EXIT | 清倉 |
| 26 | TYL 0.25 03-15-26債券 | Tyler Technologies Inc | — | NEW | 新建倉 |
| 27 | IONS 0.125 12-15-24債券 | Ionis Pharmaceuticals In | — | EXIT | 清倉 |
| 28 | DVAX 2.5 05-15-26債券 | Dynavax Technologies | — | NEW | 新建倉 |
| 29 | PRGS 1 04-15-26債券 | Progress Software CORP | — | NEW | 新建倉 |
| 30 | FTV 0.875 02-15-22債券 | Fortive Corporation | — | EXIT | 清倉 |
| 31 | PI 1.125 05-15-27債券 | Impinj Inc | — | NEW | 新建倉 |
| 32 | CHRS 1.5 04-15-26債券 | Coherus Oncology Inc | — | EXIT | 清倉 |
| 33 | TRIP 0.25 04-01-26債券 | Tripadvisor Inc | — | NEW | 新建倉 |
| 34 | NVST 1.75 08-15-28債券 | Envista Holdings CORP | — | NEW | 新建倉 |
| 35 | BMRN 0.599 08-01-24債券 | Biomarin Pharmaceutical | — | EXIT | 清倉 |
| 36 | BBIO 2.5 03-15-27債券 | Bridgebio Pharma Inc | — | NEW | 新建倉 |
| 37 | EGHT 4 02-01-28債券 | 8x8 Inc | — | NEW | 新建倉 |
| 38 | CYTK 3.5 07-01-27債券 | Cytokinetics Inc | — | NEW | 新建倉 |
| 39 | NSIT 0.75 02-15-25債券 | Insight Enterprs | — | EXIT | 清倉 |
| 40 | KBR 2.5 11-01-23債券 | Kbr Inc | — | EXIT | 清倉 |
| 41 | GMED 1 06-01-23債券 | Nuvasive Inc | — | EXIT | 清倉 |
| 42 | EXAS 0.375 03-15-27債券 | Exact Sciences CORP | — | NEW | 新建倉 |
| 43 | BURL 2.25 04-15-25債券 | Burlington Stores Inc | — | EXIT | 清倉 |
| 44 | BSY 0.125 01-15-26債券 | Bentley Systems Inc | — | NEW | 新建倉 |
| 45 | FVRR 0 11-01-25債券 | Fiverr International LTD | — | NEW | 新建倉 |
| 46 | UPWK 0.25 08-15-26債券 | Upwork Inc | — | NEW | 新建倉 |
| 47 | HCAT 2.5 04-15-25債券 | Health Catalyst Inc | — | NEW | 新建倉 |
| 48 | EXAS 0.375 03-01-28債券 | Exact Sciences CORP | — | NEW | 新建倉 |
| 49 | VG 1.75 06-01-24債券 | Vonage Holdings CORP | — | EXIT | 清倉 |
| 50 | MTN 0 01-01-26債券 | Vail Resorts Inc | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Opti Capital Management, LP 在 Q1 2025 季度的美股持倉總市值約為 US$16.4億，共申報了 53 個公開持股部位。
在 Q1 2025 季度，Opti Capital Management, LP 按市值排列的前三大核心持股分別為：XYZ 0.25 11-01-27 (7.9%)、TDOC 1.25 06-01-27 (7.2%)、IDCC 3.5 06-01-27 (5.3%)。其中最大持股部位 XYZ 0.25 11-01-27 佔據整體投資組合約 7.9% 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
XYZ 0.25 11-01-27
市值: US$1.3億
本季最大獲利了結 / 清倉標的
NTRA 2.25 05-01-27
前期市值: US$9992.8萬
在 Q1 2025 季度中，Opti Capital Management, LP 共進行了 88 項持倉異動，包含新建倉 53 個部位、加碼 0 個部位、減碼 0 個部位以及清倉 35 個部位。 其中最大新建倉標的為 XYZ 0.25 11-01-27。 本季清倉部位包含 NTRA 2.25 05-01-27。
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。