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: 0001521001
申報總市值
US$588.7億
US$588.7億
807 檔
31.5%
截至 Q2 2025 季度末，Parallax Volatility Advisers, L.P. 的美股持倉估值約為 US$588.7億，全數申報部位共有 807 檔。
Q2 2025 的申報記錄反映 Parallax Volatility Advisers, L.P. 的板塊替換策略：機構本季推動了 91 筆增持與 109 筆減持，籌碼呈現明顯的結構重組。
整體而言，Parallax Volatility Advisers, L.P. 的前 5 大持股（包含 SPY, QQQ, IWM）貢獻了組合市值的 31.5%，形成該機構在 Q2 2025 季度的基本面基石。
僅顯示前 200 大持股（共 807 檔）
| # | 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 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 21.32% | +18.22% | +89.70% | |
| 2 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 10.60% | +4.37% | +1.47% | |
| 3 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 3.35% | -1.25% | -12.39% | |
| 4 | NVDA | Nvidia CORP | 股票-科技 | 3.30% | -0.30% | -30.24% | |
| 5 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 3.27% | -1.13% | -11.72% | |
| 6 | TSLA | Tesla Inc | 股票-循環性消費 | 2.19% | -0.32% | -1.22% | |
| 7 | XLF | Ss Financial Select Sector | ETF-其他 | 1.95% | -2.28% | +100.84% | |
| 8 | NFLX | Netflix Inc | 股票-通訊服務 | 1.33% | -0.29% | +11.41% | |
| 9 | AVGO | Broadcom Inc | 股票-科技 | 1.18% | -0.12% | -33.60% | |
| 10 | MSTR | Strategy Inc | 股票-科技 | 1.17% | -0.57% | +26.71% | |
| 11 | AAPL | Apple Inc | 股票-科技 | 1.16% | -0.73% | -14.31% | |
| 12 | EEM | Ishares Msci Emerging Market | ETF-新興市場 | 1.11% | -0.28% | +81.24% | |
| 13 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 1.06% | -0.19% | -54.65% | |
| 14 | MSFT | Microsoft CORP | 股票-科技 | 1.04% | -0.30% | +33.15% | |
| 15 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-非投資等級債 | 1.00% | -0.80% | +273.72% | |
| 16 | BA | Boeing Co/the | 股票-工業 | 0.91% | -0.20% | +20.82% | |
| 17 | COIN | Coinbase Global Inc -class A | 股票-金融 | 0.90% | -0.27% | -16.18% | |
| 18 | SMH | Vaneck Semiconductor ETF | ETF-其他 | 0.86% | +0.17% | -38.83% | |
| 19 | GLD | Spdr Gold Shares | ETF-避險與商品 | 0.84% | +0.08% | -16.03% | |
| 20 | AXP | American Express Co | 股票-金融 | 0.74% | -0.13% | -4.38% | |
| 21 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 0.74% | -0.24% | +8.99% | |
| 22 | C | Citigroup Inc | 股票-金融 | 0.67% | -0.46% | -20.77% | |
| 23 | RCL | Royal Caribbean Cruises Ltd. | 股票-循環性消費 | 0.66% | -0.25% | -15.80% | |
| 24 | CVNA | Carvana Co | 股票-循環性消費 | 0.65% | -0.11% | +750.00% | |
| 25 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.63% | -0.31% | -38.96% | |
| 26 | V | Visa Inc-class A Shares | 股票-金融 | 0.61% | -0.15% | +55.23% | |
| 27 | BAC | Bank Of America CORP | 股票-金融 | 0.57% | -0.37% | -29.40% | |
| 28 | ARM | Arm Holdings Plc-adr | 股票-科技 | 0.55% | +0.01% | -25.32% | |
| 29 | UBER | Uber Technologies Inc | 股票-工業 | 0.52% | -0.22% | -35.08% | |
| 30 | WFC | Wells Fargo & Co | 股票-金融 | 0.52% | -0.05% | -24.61% | |
| 31 | MS | Morgan Stanley | 股票-金融 | 0.50% | -0.12% | -36.50% | |
| 32 | XLE | Ss Energy Select Sector | ETF-其他 | 0.48% | -0.63% | +37.37% | |
| 33 | KRE | Ss Spdr S&p Regional Bank | ETF-其他 | 0.47% | +0.01% | -13.38% | |
| 34 | AMZN | Amazon.com Inc | 股票-循環性消費 | 0.47% | -0.69% | +12.77% | |
| 35 | TLT | Ishares 20+ Year Treasury Bd | ETF-政府公債 | 0.46% | +0.30% | -42.95% | |
| 36 | GS | Goldman Sachs Group Inc | 股票-金融 | 0.46% | -0.08% | -23.74% | |
| 37 | AMD | Advanced Micro Devices | 股票-科技 | 0.45% | +0.16% | -28.38% | |
| 38 | GE | General Electric | 股票-工業 | 0.44% | -0.05% | +36.43% | |
| 39 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.44% | -0.32% | -36.22% | |
| 40 | APO | Apollo Global Management Inc | 股票-金融 | 0.43% | -0.07% | -10.81% | |
| 41 | UAL | United Airlines Holdings Inc | 股票-工業 | 0.43% | — | -26.86% | |
| 42 | DAL | Delta Air Lines Inc | 股票-工業 | 0.41% | -0.20% | +20.98% | |
| 43 | ABNB | Airbnb Inc-class A | 股票-循環性消費 | 0.40% | -0.02% | -13.63% | |
| 44 | AAL | American Airlines Group Inc | 股票-工業 | 0.39% | -0.05% | +22.06% | |
| 45 | HOOD | Robinhood Markets Inc - A | 股票-金融 | 0.38% | -0.03% | -22.45% | |
| 46 | BABA | Alibaba Group Holding-sp Adr | 股票-循環性消費 | 0.38% | -0.31% | +10.50% | |
| 47 | QCOM | Qualcomm Inc | 股票-科技 | 0.38% | +0.12% | -12.11% | |
| 48 | SNOW | Snowflake Inc | 股票-科技 | 0.37% | +0.01% | +43.17% | |
| 49 | PANW | Palo Alto Networks Inc | 股票-科技 | 0.35% | +0.03% | -26.79% | |
| 50 | SPOT | Spotify Technology S.A. | 股票-通訊服務 | 0.34% | -0.28% | EXIT |
| # | 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 | +9.1% | +89.70% | 加碼 |
| 2 | XLF | Ss Financial Select Sector | +0.8% | +100.84% | 加碼 |
| 3 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | +0.7% | +273.72% | 加碼 |
| 4 | CVNA | Carvana Co | +0.6% | +750.00% | 加碼 |
| 5 | EEM | Ishares Msci Emerging Market | +0.4% | +81.24% | 加碼 |
| 6 | MSTR | Strategy Inc | +0.4% | +26.71% | 加碼 |
| 7 | NFLX | Netflix Inc | +0.3% | +11.41% | 加碼 |
| 8 | MSFT | Microsoft CORP | +0.3% | +33.15% | 加碼 |
| 9 | COIN | Coinbase Global Inc -class A | +0.3% | -16.18% | 減碼 |
| 10 | CCJ | Cameco CORP | +0.2% | +722.06% | 加碼 |
| 11 | FXI | Ishares China Large-cap ETF | +0.2% | +297.81% | 加碼 |
| 12 | BA | Boeing Co/the | +0.2% | +20.82% | 加碼 |
| 13 | DIS | Walt Disney Co/the | +0.2% | +361.42% | 加碼 |
| 14 | SNOW | Snowflake Inc | +0.2% | +43.17% | 加碼 |
| 15 | CEG | Constellation Energy | +0.2% | +202.71% | 加碼 |
| 16 | WMT | Walmart Inc | +0.2% | +145.04% | 加碼 |
| 17 | V | Visa Inc-class A Shares | +0.2% | +55.23% | 加碼 |
| 18 | VST | Vistra CORP | +0.2% | +40.63% | 加碼 |
| 19 | BLK | Blackrock Inc | +0.2% | +481.20% | 加碼 |
| 20 | GE | General Electric | +0.1% | +36.43% | 加碼 |
| 21 | JD | Jd.com Inc-adr | +0.1% | +263.98% | 加碼 |
| 22 | ADI | Analog Devices Inc | +0.1% | +362.16% | 加碼 |
| 23 | NTRS | Northern Trust CORP | +0.1% | NEW | 新建倉 |
| 24 | HOOD | Robinhood Markets Inc - A | +0.1% | -22.45% | 減碼 |
| 25 | SPOT | Spotify Technology S.A. | +0.1% | +25.18% | 加碼 |
| 26 | MA | Mastercard Inc - A | +0.1% | +96.89% | 加碼 |
| 27 | MRVL | Marvell Technology Inc | +0.1% | +69.69% | 加碼 |
| 28 | AXON | Axon Enterprise Inc | +0.1% | NEW | 新建倉 |
| 29 | UNP | Union Pacific CORP | +0.1% | +210.53% | 加碼 |
| 30 | ARKK | Ark Innovation ETF | +0.1% | +736.44% | 加碼 |
| 31 | CORZ | Core Scientific Inc | +0.1% | +85.72% | 加碼 |
| 32 | NET | Cloudflare Inc - Class A | +0.1% | +4.50% | 加碼 |
| 33 | OXY | Occidental Petroleum CORP | +0.1% | +521.53% | 加碼 |
| 34 | VZ | Verizon Communications Inc | +0.1% | +281.32% | 加碼 |
| 35 | EQT | Eqt CORP | +0.1% | +356.37% | 加碼 |
| 36 | AXON 0.5 12-15-27債券 | Axon Enterprise Inc | +0.1% | NEW | 新建倉 |
| 37 | PEP | Pepsico Inc | +0.1% | +351.14% | 加碼 |
| 38 | CRDO | Credo Technology Group Holding Ltd | +0.1% | +2655.94% | 加碼 |
| 39 | NBIS | Nebius Group N.V. | +0.1% | +757.20% | 加碼 |
| 40 | GOOG | Alphabet Inc-cl C | +0.1% | +32.69% | 加碼 |
| 41 | ISRG | Intuitive Surgical Inc | +0.1% | +113.22% | 加碼 |
| 42 | FIS | Fidelity National Info Serv | +0.1% | NEW | 新建倉 |
| 43 | WOO | Foot Locker Inc | +0.1% | NEW | 新建倉 |
| 44 | JNJ | Johnson & Johnson | +0.1% | +383.17% | 加碼 |
| 45 | XOM | Exxon Mobil CORP | +0.1% | +70.84% | 加碼 |
| 46 | GDX | Vaneck Gold Miners ETF | +0.1% | +37.25% | 加碼 |
| 47 | IREN | IREN Limited | +0.1% | +82.50% | 加碼 |
| 48 | CME | Cme Group Inc | +0.1% | +6200.00% | 加碼 |
| 49 | SHEL | Shell Plc-adr | +0.1% | +109.65% | 加碼 |
| 50 | EG | Everest Group, Ltd. | +0.1% | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Parallax Volatility Advisers, L.P. 在 Q2 2025 季度的美股持倉總市值約為 US$588.7億，共申報了 807 個公開持股部位。
在 Q2 2025 季度，Parallax Volatility Advisers, L.P. 按市值排列的前三大核心持股分別為：SPY (21.3%)、QQQ (10.6%)、IWM (3.4%)。其中最大持股部位 SPY 佔據整體投資組合約 21.3% 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
NTRS
市值: US$5800.6萬
本季最大獲利了結 / 清倉標的
ITW
前期市值: US$3784.7萬
在 Q2 2025 季度中，Parallax Volatility Advisers, L.P. 共進行了 200 項持倉異動，包含新建倉 16 個部位、加碼 75 個部位、減碼 100 個部位以及清倉 9 個部位。 其中最大新建倉標的為 NTRS。 本季清倉部位包含 ITW。
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。