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: 0001346554
申報總市值
US$70.9億
US$70.9億
398 檔
20.2%
Q3 2025 季度申報顯示，TENOR CAPITAL MANAGEMENT Co., L.P. 揭露的美股組合總市值為 US$70.9億，涵蓋 398 個不同之權益投資部位。
觀察 Q3 2025 的申報異動，TENOR CAPITAL MANAGEMENT Co., L.P. 採取了強勁的買進策略，建倉與加碼動作（合計 128 筆）涵蓋多個核心板塊，展現機構對特定產業前景之樂觀態度。
檢視投資組合結構，前 5 大主力部位（包含 STX 3.5 06-01-28, IDCC 3.5 06-01-27, RNG 0 03-15-26）占據了總市值的 20.2%，展現出該機構在 Q3 2025 的重點資金聚焦與風險分佈特徵。
僅顯示前 200 大持股（共 398 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 | STX 3.5 06-01-28債券 | Seagate Hdd Cayman | 債券 | 6.69% | -1.00% | EXIT | |
| 2 | IDCC 3.5 06-01-27債券 | Interdigital Inc | 債券 | 4.72% | — | +45.45% | |
| 3 | RNG 0 03-15-26債券 | Ringcentral Inc | 債券 | 2.60% | — | +1.25% | |
| 4 | DXCM 0.25 11-15-25債券 | Dexcom Inc | 債券 | 2.51% | — | — | |
| 5 | TDOC 1.25 06-01-27債券 | Teladoc Health Inc | 債券 | 2.33% | -0.24% | +45.12% | |
| 6 | AKAM 0.375 09-01-27債券 | Akamai Technologies Inc | 債券 | 2.16% | -0.12% | +19.51% | |
| 7 | U 0 11-15-26債券 | Unity Software Inc | 債券 | 2.15% | -0.15% | +2.18% | |
| 8 | NET 0 08-15-26債券 | Cloudflare Inc | 債券 | 2.00% | -0.41% | -24.55% | |
| 9 | BSY 0.125 01-15-26債券 | Bentley Systems Inc | 債券 | 1.78% | — | -1.08% | |
| 10 | JAMF 0.125 09-01-26債券 | Jamf Holding CORP | 債券 | 1.63% | — | +19.11% | |
| 11 | CNMD 2.25 06-15-27債券 | Conmed CORP | 債券 | 1.58% | -1.89% | EXIT | |
| 12 | HAE 0 03-01-26債券 | Haemonetics CORP | 債券 | 1.53% | — | — | |
| 13 | NVCR 0 11-01-25債券 | Novocure LTD | 債券 | 1.52% | — | +18.74% | |
| 14 | TRIP 0.25 04-01-26債券 | Tripadvisor Inc | 債券 | 1.49% | — | — | |
| 15 | JBTM 0.25 05-15-26債券 | Jbt Marel CORP | 債券 | 1.36% | -1.54% | EXIT | |
| 16 | CFLT 0 01-15-27債券 | Confluent Inc | 債券 | 1.31% | — | +5.49% | |
| 17 | BMRN 1.25 05-15-27債券 | Biomarin Pharmaceutical | 債券 | 1.28% | -0.14% | +31.58% | |
| 18 | LITE 0.5 12-15-26債券 | Lumentum Holdings Inc | 債券 | 1.24% | -6.01% | EXIT | |
| 19 | JAZZ 2 06-15-26債券 | Jazz Investments I LTD | 債券 | 1.24% | -1.46% | EXIT | |
| 20 | GVA 3.75 05-15-28債券 | Granite Construction Inc | 債券 | 1.21% | — | -5.00% | |
| 21 | DAY 0.25 03-15-26債券 | Dayforce Inc | 債券 | 1.19% | — | +2.31% | |
| 22 | TMDX 1.5 06-01-28債券 | Transmedics Group Inc | 債券 | 1.12% | -0.05% | +91.05% | |
| 23 | RPD 0.25 03-15-27債券 | Rapid7 Inc | 債券 | 1.11% | -0.50% | — | |
| 24 | NEO 0.25 01-15-28債券 | Neogenomics Inc | 債券 | 1.10% | -1.27% | +3.59% | |
| 25 | VRNT 0.25 04-15-26債券 | Verint Systems Inc | 債券 | 1.06% | — | — | |
| 26 | IONS 0 04-01-26債券 | Ionis Pharmaceuticals In | 債券 | 1.05% | — | -38.85% | |
| 27 | MCHP 0.75 06-01-30債券 | Microchip Technology Inc | 債券 | 1.05% | -0.06% | -15.52% | |
| 28 | FVRR 0 11-01-25債券 | Fiverr International LTD | 債券 | 1.02% | — | — | |
| 29 | BL 0 03-15-26債券 | Blackline Inc | 債券 | 1.02% | — | — | |
| 30 | UPWK 0.25 08-15-26債券 | Upwork Inc | 債券 | 1.01% | -0.09% | — | |
| 31 | PRO 2.5 07-01-30債券 | Pros Holdings Inc | 債券 | 0.97% | — | — | |
| 32 | ZD 3.625 03-01-28債券 | Ziff Davis Inc | 債券 | 0.96% | -0.27% | -20.63% | |
| 33 | ITRI 0 03-15-26債券 | Itron Inc | 債券 | 0.91% | — | — | |
| 34 | BSY 0.375 07-01-27債券 | Bentley Systems | 債券 | 0.90% | -0.08% | — | |
| 35 | MSTR 0.625 03-15-30債券 | Strategy Inc | 債券 | 0.88% | -0.10% | — | |
| 36 | IRTC 1.5 09-01-29債券 | Irhythm Holdings Inc | 債券 | 0.87% | -0.07% | — | |
| 37 | LRN 1.125 09-01-27債券 | Stride Inc | 債券 | 0.85% | +0.14% | -5.62% | |
| 38 | ETSY 0.125 09-01-27債券 | Etsy Inc | 債券 | 0.85% | -0.07% | +6.58% | |
| 39 | EXAS 0.375 03-01-28債券 | Exact Sciences CORP | 債券 | 0.83% | — | -19.05% | |
| 40 | SMCI 3.5 03-01-29債券 | Super Micro Computer Inc | 債券 | 0.81% | -0.07% | — | |
| 41 | MIRM 4 05-01-29債券 | Mirum Pharmaceuticals | 債券 | 0.80% | -0.74% | — | |
| 42 | QTWO 0.75 06-01-26債券 | Q2 Holdings Inc | 債券 | 0.80% | -1.10% | EXIT | |
| 43 | VIAV 1.625 03-15-26債券 | Viavi Solutions Inc | 債券 | 0.79% | — | -48.10% | |
| 44 | FSLY 0 03-15-26債券 | Fastly Inc | 債券 | 0.72% | — | +51.16% | |
| 45 | MTN 0 01-01-26債券 | Vail Resorts Inc | 債券 | 0.70% | — | — | |
| 46 | QTWO 0.125 11-15-25債券 | Q2 Holdings Inc | 債券 | 0.69% | — | +16.65% | |
| 47 | FOUR 0 12-15-25債券 | Shift4 Payments Inc | 債券 | 0.68% | — | -54.48% | |
| 48 | HALO 0.25 03-01-27債券 | Halozyme Therapeutics In | 債券 | 0.67% | — | +162.52% | |
| 49 | IMAX 0.5 04-01-26債券 | Imax CORP | 債券 | 0.65% | — | -25.66% | |
| 50 | PAR 1.5 10-15-27債券 | Par Technology CORP | 債券 | 0.61% | -0.01% | +131.71% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | IDCC 3.5 06-01-27債券 | Interdigital Inc | +3.5% | +45.45% | 加碼 |
| 2 | AKAM 0.375 09-01-27債券 | Akamai Technologies Inc | +1.1% | +19.51% | 加碼 |
| 3 | CFLT 0 01-15-27債券 | Confluent Inc | +1% | +5.49% | 加碼 |
| 4 | TDOC 1.25 06-01-27債券 | Teladoc Health Inc | +1% | +45.12% | 加碼 |
| 5 | U 0 11-15-26債券 | Unity Software Inc | +0.9% | +2.18% | 加碼 |
| 6 | CNMD 2.25 06-15-27債券 | Conmed CORP | +0.7% | +21.38% | 加碼 |
| 7 | MSTR 0.625 03-15-30債券 | Strategy Inc | +0.4% | — | 加碼 |
| 8 | HALO 0.25 03-01-27債券 | Halozyme Therapeutics In | +0.4% | +162.52% | 加碼 |
| 9 | ETSY 0.125 10-01-26債券 | Etsy Inc | +0.4% | -42.91% | 加碼 |
| 10 | JBTM 0.25 05-15-26債券 | Jbt Marel CORP | +0.3% | +35.40% | 加碼 |
| 11 | PAR 1.5 10-15-27債券 | Par Technology CORP | +0.3% | +131.71% | 加碼 |
| 12 | VRNT 0.25 04-15-26債券 | Verint Systems Inc | +0.3% | — | 加碼 |
| 13 | GVA 3.75 05-15-28債券 | Granite Construction Inc | +0.2% | -5.00% | 減碼 |
| 14 | FSLY 0 03-15-26債券 | Fastly Inc | +0.2% | +51.16% | 加碼 |
| 15 | BILL 0 04-01-27債券 | Bill Holdings Inc | +0.2% | — | 加碼 |
| 16 | JAMF 0.125 09-01-26債券 | Jamf Holding CORP | +0.2% | +19.11% | 加碼 |
| 17 | NVCR 0 11-01-25債券 | Novocure LTD | +0.2% | +18.74% | 加碼 |
| 18 | DAY 0.25 03-15-26債券 | Dayforce Inc | +0.2% | +2.31% | 加碼 |
| 19 | NEO 0.25 01-15-28債券 | Neogenomics Inc | +0.2% | +3.59% | 加碼 |
| 20 | MITK 0.75 02-01-26債券 | Mitek Systems Inc | +0.2% | +75.00% | 加碼 |
| 21 | CCIX | Churchill Capital Corp IX | +0.2% | +618.75% | 加碼 |
| 22 | IREN | IREN Limited | +0.2% | -17.52% | 加碼 |
| 23 | LYV 3.125 01-15-29債券 | Live Nation Entertainmen | +0.1% | — | 加碼 |
| 24 | SNAP 0.125 03-01-28債券 | Snap Inc | +0.1% | -9.01% | 加碼 |
| 25 | ✓ | Legato Merger CORP Iii | +0.1% | — | 加碼 |
| 26 | ✓ | M3brigade Acquisition V CORP | +0.1% | +58.33% | 加碼 |
| 27 | ETSY 0.125 09-01-27債券 | Etsy Inc | +0.1% | +6.58% | 加碼 |
| 28 | CSGS 3.875 09-15-28債券 | Csg Systems Internationa | +0.1% | +75.00% | 加碼 |
| 29 | BYND 0 03-15-27債券 | Beyond Meat Inc | +0.1% | +54.98% | 加碼 |
| 30 | PEB 1.75 12-15-26債券 | Pebblebrook Hotel Trust | +0.1% | +24.51% | 加碼 |
| 31 | SHAK 0 03-01-28債券 | Shake Shack Inc | +0.1% | +32.06% | 加碼 |
| 32 | DXCM 0.25 11-15-25債券 | Dexcom Inc | +0.1% | — | 加碼 |
| 33 | BBIO 2.5 03-15-27債券 | Bridgebio Pharma Inc | +0.1% | — | 不變 |
| 34 | EXAS 0.375 03-15-27債券 | Exact Sciences CORP | +0.1% | +2.70% | 加碼 |
| 35 | VERI 1.75 11-15-26債券 | Veritone Inc | +0.1% | — | 不變 |
| 36 | RPD 0.25 03-15-27債券 | Rapid7 Inc | 0% | — | 加碼 |
| 37 | HAE 0 03-01-26債券 | Haemonetics CORP | 0% | — | 加碼 |
| 38 | BSY 0.125 01-15-26債券 | Bentley Systems Inc | — | -1.08% | 加碼 |
| 39 | ✓ | Cantor Equity Partners I Inc | -0.1% | -18.41% | 減碼 |
| 40 | LNTH 2.625 12-15-27債券 | Lantheus Holdings Inc | -0.2% | +84.00% | 減碼 |
| 41 | ITRI 0 03-15-26債券 | Itron Inc | -0.2% | — | 減碼 |
| 42 | ZD 3.625 03-01-28債券 | Ziff Davis Inc | -0.3% | -20.63% | 減碼 |
| 43 | IONS 0 04-01-26債券 | Ionis Pharmaceuticals In | -0.3% | -38.85% | 減碼 |
| 44 | RNG 0 03-15-26債券 | Ringcentral Inc | -0.3% | +1.25% | 減碼 |
| 45 | CBRL 0.625 06-15-26債券 | Cracker Barrel Old Count | -0.4% | — | 減碼 |
| 46 | DDD 0 11-15-26債券 | 3d Systems CORP | -0.4% | — | 減碼 |
| 47 | IMAX 0.5 04-01-26債券 | Imax CORP | -0.4% | -25.66% | 減碼 |
| 48 | PRO 2.25 09-15-27債券 | Pros Holdings Inc | -0.5% | +14.41% | 減碼 |
| 49 | VIAV 1.625 03-15-26債券 | Viavi Solutions Inc | -0.6% | -48.10% | 減碼 |
| 50 | FOUR 0 12-15-25債券 | Shift4 Payments Inc | -1.1% | -54.48% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，TENOR CAPITAL MANAGEMENT Co., L.P. 在 Q3 2025 季度的美股持倉總市值約為 US$70.9億，共申報了 398 個公開持股部位。
在 Q3 2025 季度，TENOR CAPITAL MANAGEMENT Co., L.P. 按市值排列的前三大核心持股分別為：STX 3.5 06-01-28 (6.7%)、IDCC 3.5 06-01-27 (4.7%)、RNG 0 03-15-26 (2.6%)。其中最大持股部位 STX 3.5 06-01-28 佔據整體投資組合約 6.7% 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
STX 3.5 06-01-28
市值: US$5096.1億
本季最大獲利了結 / 清倉標的
HUBS 0.375 06-01-25
前期市值: US$2326.8億
在 Q3 2025 季度中，TENOR CAPITAL MANAGEMENT Co., L.P. 共進行了 198 項持倉異動，包含新建倉 93 個部位、加碼 35 個部位、減碼 14 個部位以及清倉 56 個部位。 其中最大新建倉標的為 STX 3.5 06-01-28。 本季清倉部位包含 HUBS 0.375 06-01-25。
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。