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: 0000938487
申報總市值
US$17.2億
US$17.2億
254 檔
12.5%
根據最新整理的 13F 季度數據集，Ssi Investment Management LLC 於 Q4 2025 結束時的管理資產規模為 US$17.2億。該機構在本季度申報了 254 檔美股持倉，呈現出該時期的主要投資地圖。
Q4 2025 的申報記錄反映 Ssi Investment Management LLC 的板塊替換策略：機構本季推動了 24 筆增持與 26 筆減持，籌碼呈現明顯的結構重組。
整體而言，Ssi Investment Management LLC 的前 5 大持股（包含 IVV, WDC 3 11-15-28, BA 6 10-15-27）貢獻了組合市值的 12.5%，形成該機構在 Q4 2025 季度的基本面基石。
僅顯示前 200 大持股（共 254 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 | IVV | Ishares Core S&p 500 ETF | ETF-大型股與成長 | 4.56% | +1.28% | -0.96% | |
| 2 | WDC 3 11-15-28債券 | Western Digital CORP | 債券 | 3.07% | -0.63% | -10.32% | |
| 3 | BA 6 10-15-27債券 | Boeing Co/the | 債券 | 2.49% | -0.07% | -0.56% | |
| 4 | NEE 3 03-01-27債券 | Nextera Energy Capital | 債券 | 2.42% | -0.66% | -0.52% | |
| 5 | UBER 0.875 12-01-28 2028債券 | Uber Technologies Inc | 債券 | 2.07% | -0.34% | -3.71% | |
| 6 | MKSI 1.25 06-01-30債券 | Mks Inc | 債券 | 1.65% | +0.78% | -0.96% | |
| 7 | DUK 4.125 04-15-26債券 | Duke Energy CORP | 債券 | 1.62% | -0.28% | EXIT | |
| 8 | ALB 7.25 03-01-27債券 | Albemarle CORP | 債券 | 1.58% | -0.63% | +22.96% | |
| 9 | STX 3.5 06-01-28債券 | Seagate Hdd Cayman | 債券 | 1.53% | +0.25% | -25.71% | |
| 10 | WFC 7.5 PERP L債券 | Wells Fargo & Company | 債券 | 1.51% | -0.34% | +2.00% | |
| 11 | F 0 03-15-26債券 | Ford Motor Company | 債券 | 1.40% | — | +174.60% | |
| 12 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | ETF-投資等級公司債 | 1.37% | -0.51% | +30.04% | |
| 13 | SNOW 0 10-01-27債券 | Snowflake Inc | 債券 | 1.35% | +0.19% | +6.56% | |
| 14 | BAC 7.25 PERP L債券 | Bank Of America CORP | 債券 | 1.35% | -0.13% | +2.80% | |
| 15 | WEC 4.375 06-01-27債券 | Wec Energy Group Inc | 債券 | 1.34% | -0.23% | +24.76% | |
| 16 | BTSG 6.75 02-01-27債券 | Brightspring Health Serv | 債券 | 1.32% | +0.08% | +2.65% | |
| 17 | KKR 6.25 03-01-28 D債券 | Kkr & Co Inc | 債券 | 1.31% | -0.16% | +9.08% | |
| 18 | LYV 2.875 01-15-30債券 | Live Nation Entertainmen | 債券 | 1.26% | -0.08% | — | |
| 19 | APO 6.75 07-31-26債券 | Apollo Global Management | 債券 | 1.23% | -0.16% | -12.70% | |
| 20 | JAZZ 3.125 09-15-30債券 | Jazz Investments I LTD | 債券 | 1.16% | -0.06% | +7.71% | |
| 21 | PPL 2.875 03-15-28債券 | Ppl Capital Funding Inc | 債券 | 1.11% | -0.23% | -5.18% | |
| 22 | VTR 3.75 06-01-26債券 | Ventas Realty LP | 債券 | 1.06% | -1.14% | EXIT | |
| 23 | ASND 2.25 04-01-28債券 | Ascendis Pharma A/s | 債券 | 1.04% | -1.10% | EXIT | |
| 24 | ON 0 05-01-27債券 | On Semiconductor CORP | 債券 | 0.96% | -0.90% | EXIT | |
| 25 | HPE 7.625 09-01-27債券 | Hp Enterprise Co | 債券 | 0.94% | +0.77% | -20.92% | |
| 26 | VXUS | Vanguard Total Intl Stock | ETF-其他 | 0.93% | -0.05% | -4.95% | |
| 27 | RIVN 3.625 10-15-30債券 | Rivian Auto Inc | 債券 | 0.92% | -0.05% | — | |
| 28 | ARES 6.75 10-01-27 B債券 | Ares Management CORP | 債券 | 0.91% | -0.12% | -25.81% | |
| 29 | EQXCN 4.75 10-15-28債券 | Equinox Gold CORP | 債券 | 0.90% | -0.61% | -14.58% | |
| 30 | IEMG | Ishares Core Msci Emerging | ETF-新興市場 | 0.86% | -0.20% | -16.25% | |
| 31 | NET 0 08-15-26債券 | Cloudflare Inc | 債券 | 0.83% | -0.25% | -0.15% | |
| 32 | EXPE 0 02-15-26債券 | Expedia Group Inc | 債券 | 0.82% | — | +54.31% | |
| 33 | MCHP 7.5 03-15-28債券 | Microchip Technology Inc | 債券 | 0.80% | +0.11% | -0.10% | |
| 34 | GWRE 1.25 11-01-29債券 | Guidewire Software Inc | 債券 | 0.77% | -0.02% | — | |
| 35 | IYW | Ishares Ustechnology ETF | ETF-科技型 | 0.75% | +0.07% | -15.94% | |
| 36 | BABA 0.5 06-01-31債券 | Alibaba Group Holding | 債券 | 0.75% | -0.69% | EXIT | |
| 37 | SPHR 3.5 12-01-28債券 | Sphere Entertainment Co | 債券 | 0.74% | -0.93% | EXIT | |
| 38 | SO 4.5 06-15-27債券 | Southern Co | 債券 | 0.74% | -0.13% | -2.39% | |
| 39 | JAAA | Janus Henderson Aaa Clo ETF | ETF-其他 | 0.74% | +0.02% | +1.71% | |
| 40 | MIRM 4 05-01-29債券 | Mirum Pharmaceuticals | 債券 | 0.72% | -0.67% | EXIT | |
| 41 | DDOG 0 12-01-29債券 | Datadog Inc | 債券 | 0.71% | +0.10% | — | |
| 42 | AEIS 2.5 09-15-28債券 | Advanced Energy Ind | 債券 | 0.70% | -0.79% | -3.51% | |
| 43 | EVRG 4.5 12-15-27債券 | Evergy Inc | 債券 | 0.69% | -0.09% | +8.81% | |
| 44 | BUFR | Ft Vest Lad Buffervetf-usd I | ETF-其他 | 0.67% | -0.18% | -0.14% | |
| 45 | AVAV 0 07-15-30債券 | Aerovironment Inc | 債券 | 0.67% | -0.29% | +48.19% | |
| 46 | FWONK 2.25 08-15-27債券 | Liberty Media CORP | 債券 | 0.66% | -0.06% | -0.25% | |
| 47 | RSP | Invesco S&p 500 Equal Weight | ETF-大型股與成長 | 0.65% | -0.04% | -0.24% | |
| 48 | TWO 6.25 01-15-26債券 | Two Harbors Inv CORP | 債券 | 0.64% | — | — | |
| 49 | GPN 1.5 03-01-31債券 | Global Payments Inc | 債券 | 0.62% | -0.24% | +3.03% | |
| 50 | SEI 0.25 10-01-31債券 | Solaris Energy Infrastru | 債券 | 0.59% | +0.07% | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | F 0 03-15-26債券 | Ford Motor Company | +0.9% | +174.60% | 加碼 |
| 2 | ALB 7.25 03-01-27債券 | Albemarle CORP | +0.7% | +22.96% | 加碼 |
| 3 | WDC 3 11-15-28債券 | Western Digital CORP | +0.7% | -10.32% | 減碼 |
| 4 | MSTR 0.875 03-15-31債券 | Strategy Inc | +0.4% | +451.32% | 加碼 |
| 5 | AKAM 1.125 02-15-29債券 | Akamai Technologies Inc | +0.4% | +3267.65% | 加碼 |
| 6 | EXPE 0 02-15-26債券 | Expedia Group Inc | +0.3% | +54.31% | 加碼 |
| 7 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | +0.3% | +30.04% | 加碼 |
| 8 | BTSG 6.75 02-01-27債券 | Brightspring Health Serv | +0.3% | +2.65% | 加碼 |
| 9 | BAC 0.6 05-25-27 MTN債券 | Bofa Finance LLC | +0.3% | +999.73% | 加碼 |
| 10 | CIFR 1.75 05-15-30債券 | Cipher Digital Inc | -0.3% | -93.71% | 減碼 |
| 11 | JBBB | Janus Henderson B-bbb Clo Et | -0.3% | -50.47% | 減碼 |
| 12 | W 3.25 09-15-27債券 | Wayfair Inc | -0.3% | -38.42% | 減碼 |
| 13 | HPE 7.625 09-01-27債券 | Hp Enterprise Co | -0.3% | -20.92% | 減碼 |
| 14 | ARES 6.75 10-01-27 B債券 | Ares Management CORP | -0.3% | -25.81% | 減碼 |
| 15 | LYFT 0.625 03-01-29債券 | Lyft Inc | -0.3% | -91.22% | 減碼 |
| 16 | LITE 1.5 12-15-29債券 | Lumentum Holdings Inc | -0.4% | -85.02% | 減碼 |
| 17 | GH 1.25 02-15-31債券 | Guardant Health Inc | -0.4% | -92.37% | 減碼 |
| 18 | LITE 0.5 12-15-26債券 | Lumentum Holdings Inc | -0.4% | -78.20% | 減碼 |
| 19 | UBER 0.875 12-01-28 2028債券 | Uber Technologies Inc | -0.4% | -3.71% | 減碼 |
| 20 | PSN 2.625 03-01-29債券 | Parsons CORP | -0.6% | -43.35% | 減碼 |
| 21 | BABA 0.5 06-01-31債券 | Alibaba Group Holding | -0.6% | -33.88% | 減碼 |
| 22 | OSIS 2.25 08-01-29債券 | Osi Systems Inc | -0.6% | -66.82% | 減碼 |
| 23 | SO 3.875 12-15-25債券 | Southern Co | — | EXIT | 清倉 |
| 24 | BE 3 06-01-28債券 | Bloom Energy CORP | — | EXIT | 清倉 |
| 25 | LYV 2.875 01-15-30債券 | Live Nation Entertainmen | — | NEW | 新建倉 |
| 26 | UBER 0 12-15-25債券 | Uber Technologies Inc | — | EXIT | 清倉 |
| 27 | GWRE 1.25 11-01-29債券 | Guidewire Software Inc | — | NEW | 新建倉 |
| 28 | DDOG 0 12-01-29債券 | Datadog Inc | — | NEW | 新建倉 |
| 29 | SEI 0.25 10-01-31債券 | Solaris Energy Infrastru | — | NEW | 新建倉 |
| 30 | BE 3 06-01-29債券 | Bloom Energy CORP | — | EXIT | 清倉 |
| 31 | SHYG | Ishares 0-5 Yr Hy CORP Bond | — | EXIT | 清倉 |
| 32 | SO 7.125 12-15-28 A債券 | Southern Co | — | NEW | 新建倉 |
| 33 | JD 0.25 06-01-29債券 | Jd.com Inc | — | EXIT | 清倉 |
| 34 | JMTG | Mortgage-backed Securities | — | NEW | 新建倉 |
| 35 | SPHY | Ss Spdr P High Yield ETF | — | NEW | 新建倉 |
| 36 | VRNS 1 09-15-29債券 | Varonis System Inc | — | EXIT | 清倉 |
| 37 | GTLS 6.75 12-15-25 B債券 | Chart Industries Inc | — | EXIT | 清倉 |
| 38 | RIOT 0.75 01-15-30債券 | Riot Platforms Inc | — | NEW | 新建倉 |
| 39 | IBB | Ishares Biotechnology ETF | — | NEW | 新建倉 |
| 40 | IMAX 0.5 04-01-26債券 | Imax CORP | — | EXIT | 清倉 |
| 41 | LEU 2.25 11-01-30債券 | Centrus Energy CORP | — | NEW | 新建倉 |
| 42 | NTNX 0.5 12-15-29債券 | Nutanix Inc | — | NEW | 新建倉 |
| 43 | COGT 1.625 11-15-31債券 | Cogent Biosciences Inc | — | NEW | 新建倉 |
| 44 | AFRM 0.75 12-15-29債券 | Affirm Holdings Inc | — | NEW | 新建倉 |
| 45 | OMCL 1 12-01-29債券 | Omnicell Inc | — | NEW | 新建倉 |
| 46 | PGY 6.125 10-01-29債券 | Pagaya Technologies LTD | — | NEW | 新建倉 |
| 47 | AXON 0.5 12-15-27債券 | Axon Enterprise Inc | — | EXIT | 清倉 |
| 48 | LRN 1.125 09-01-27債券 | Stride Inc | — | EXIT | 清倉 |
| 49 | SYNA 0.75 12-01-31債券 | Synaptics Inc | — | NEW | 新建倉 |
| 50 | CHEF 2.375 12-15-28債券 | Chefs' Warehouse THE | — | EXIT | 清倉 |
根據 SEC 官方 Form 13F 申報備案，Ssi Investment Management LLC 在 Q4 2025 季度的美股持倉總市值約為 US$17.2億，共申報了 254 個公開持股部位。
在 Q4 2025 季度，Ssi Investment Management LLC 按市值排列的前三大核心持股分別為：IVV (4.6%)、WDC 3 11-15-28 (3.1%)、BA 6 10-15-27 (2.5%)。其中最大持股部位 IVV 佔據整體投資組合約 4.6% 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
LYV 2.875 01-15-30
市值: US$1859.8萬
本季最大獲利了結 / 清倉標的
SO 3.875 12-15-25
前期市值: US$1977.6萬
在 Q4 2025 季度中，Ssi Investment Management LLC 共進行了 50 項持倉異動，包含新建倉 16 個部位、加碼 8 個部位、減碼 14 個部位以及清倉 12 個部位。 其中最大新建倉標的為 LYV 2.875 01-15-30。 本季清倉部位包含 SO 3.875 12-15-25。
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。