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: 0001597506
申報總市值
US$5.5億
US$5.5億
188 檔
54.3%
在 Q3 2025 申報期間，Warberg Asset Management LLC（CIK: 0001597506）向美國 SEC 提交的 Form 13F 報告顯示，其追蹤之股票投資組合總市值達 US$5.5億，共持有 188 個公開申報部位。
觀察 Q3 2025 的資金脈絡，Warberg Asset Management LLC 在獲利結算 23 檔個股的同時，將資本重新部署至 12 檔新選標的，展現主動管理機構的輪動節奏。
從部位權重觀察，前 5 大標的（包含 Spdr S&P 500 Etf Tr Put Option, Invesco QQQ Tr Put Option 06/2, STX 3.5 06-01-28）累計市值佔比達 54.3%，是驅動 Warberg Asset Management LLC 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 | ✓ | Spdr S&P 500 Etf Tr Put Option | ETF-大型股與成長 | 31.24% | -33.62% | EXIT | |
| 2 | ✓ | Invesco QQQ Tr Put Option 06/2 | 股票-其他 | 4.88% | -3.37% | EXIT | |
| 3 | STX 3.5 06-01-28債券 | Seagate Hdd Cayman | 債券 | 4.18% | -6.00% | EXIT | |
| 4 | SEALTD 2.375 12-01-25債券 | Sea LTD | 債券 | 3.81% | — | +49.98% | |
| 5 | WDC 3 11-15-28債券 | Western Digital CORP | 債券 | 3.60% | — | +0.17% | |
| 6 | CNX 2.25 05-01-26債券 | Cnx Resources CORP | 債券 | 3.18% | -5.74% | EXIT | |
| 7 | AXON 0.5 12-15-27債券 | Axon Enterprise Inc | 債券 | 3.15% | — | -0.08% | |
| 8 | LYV 3.125 01-15-29債券 | Live Nation Entertainmen | 債券 | 2.73% | +0.75% | +74.70% | |
| 9 | MCHP 1.625 02-15-27債券 | Microchip Technology Inc | 債券 | 2.67% | +4.21% | +0.83% | |
| 10 | BOX 0 01-15-26債券 | Box Inc | 債券 | 2.25% | — | — | |
| 11 | ITGR 2.125 02-15-28債券 | Integer Holdings CORP | 債券 | 2.16% | — | +1.90% | |
| 12 | OXY-WS | Occidental Petroleum-cw27 | 股票-其他 | 1.82% | -3.42% | +666.76% | |
| 13 | MTSI 0.25 03-15-26債券 | M/a-com Tech Solutions | 債券 | 1.74% | — | — | |
| 14 | LRN 1.125 09-01-27債券 | Stride Inc | 債券 | 1.59% | — | — | |
| 15 | WK 1.125 08-15-26債券 | Workiva Inc | 債券 | 1.54% | -0.35% | EXIT | |
| 16 | POST 2.5 08-15-27債券 | Post Holdings Inc | 債券 | 1.50% | -0.03% | +2.50% | |
| 17 | VTR 3.75 06-01-26債券 | Ventas Realty LP | 債券 | 1.38% | -1.35% | EXIT | |
| 18 | SPOT 0 03-15-26債券 | Spotify USA Inc | 債券 | 1.33% | — | +21.53% | |
| 19 | RGTIW | Rigetti Computing -cw27 | 股票-其他 | 1.31% | — | +263.52% | |
| 20 | HALO 1 08-15-28債券 | Halozyme Therapeutics In | 債券 | 1.16% | -0.36% | +1.82% | |
| 21 | TYL 0.25 03-15-26債券 | Tyler Technologies Inc | 債券 | 1.06% | — | -29.17% | |
| 22 | PRGS 1 04-15-26債券 | Progress Software CORP | 債券 | 1.05% | — | — | |
| 23 | WT 3.25 06-15-26債券 | Wisdomtree Investments | 債券 | 1.03% | -1.70% | EXIT | |
| 24 | ✓ | Palantir Technologies Inc | 股票-其他 | 1.02% | -0.20% | EXIT | |
| 25 | TLT | iShares 20+ Year Treasury Bond ETF | ETF-政府公債 | 0.86% | -0.72% | EXIT | |
| 26 | SO 3.875 12-15-25債券 | Southern Co | 債券 | 0.85% | — | +394.99% | |
| 27 | ALNY 1 09-15-27債券 | Alnylam Pharmaceuticals | 債券 | 0.79% | +0.02% | — | |
| 28 | PRCH 9 05-15-30債券 | Porch Group Inc | 債券 | 0.72% | — | — | |
| 29 | F 0 03-15-26債券 | Ford Motor Company | 債券 | 0.66% | — | -27.29% | |
| 30 | EPR 5.75 PERP C債券 | Epr Properties | 債券 | 0.58% | +0.15% | +5.12% | |
| 31 | CNP 4.25 08-15-26債券 | Centerpoint Energy Inc | 債券 | 0.53% | -0.59% | EXIT | |
| 32 | STXS | Stereotaxis Inc | 股票-其他 | 0.53% | +0.01% | -12.62% | |
| 33 | WT 3.25 08-15-29債券 | Wisdomtree Inc | 債券 | 0.52% | -0.34% | — | |
| 34 | ✓ | Cantaloupe Inc | 股票-其他 | 0.47% | -0.43% | EXIT | |
| 35 | EXPE 0 02-15-26債券 | Expedia Group Inc | 債券 | 0.45% | — | +11.28% | |
| 36 | AWK 3.625 06-15-26債券 | American Water Capital C | 債券 | 0.41% | — | +1.44% | |
| 37 | MCHX | Marchex, Inc. | 股票-其他 | 0.41% | — | — | |
| 38 | TLT | iShares 20+ Year Treasury Bond ETF | ETF-政府公債 | 0.39% | -0.16% | EXIT | |
| 39 | GTLS 6.75 12-15-25 B債券 | Chart Industries Inc | 債券 | 0.38% | — | — | |
| 40 | EQIX | Equinix, Inc. | 股票-房地產 | 0.37% | — | — | |
| 41 | CORZW | Core Scientific Inc - 27 | 股票-其他 | 0.36% | +0.92% | -1.01% | |
| 42 | IBIT | iShares Bitcoin Trust ETF | ETF-加密貨幣 | 0.33% | — | +28.00% | |
| 43 | VOO | Vanguard S&P 500 ETF | ETF-大型股與成長 | 0.30% | — | — | |
| 44 | NVDA | NVIDIA Corporation | 股票-科技 | 0.30% | -0.64% | EXIT | |
| 45 | ITRI 0 03-15-26債券 | Itron Inc | 債券 | 0.26% | — | +0.87% | |
| 46 | SMHC | VanEck China Semiconductor ETF | ETF-新興市場 | 0.26% | -0.05% | EXIT | |
| 47 | GBX 2.875 04-15-28債券 | Greenbrier Cos Inc | 債券 | 0.25% | — | +0.76% | |
| 48 | ✓ | Centrus Energy CORP | 股票-其他 | 0.25% | — | — | |
| 49 | ✓ | 股票-其他 | 0.22% | -0.03% | EXIT | ||
| 50 | ✓ | Vendome Acquisition CORP I C | 股票-其他 | 0.22% | +0.01% | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | STX 3.5 06-01-28債券 | Seagate Hdd Cayman | +2.6% | +0.34% | 加碼 |
| 2 | CNX 2.25 05-01-26債券 | Cnx Resources CORP | +2.2% | +0.95% | 加碼 |
| 3 | SEALTD 2.375 12-01-25債券 | Sea LTD | +1.9% | +49.98% | 加碼 |
| 4 | LYV 3.125 01-15-29債券 | Live Nation Entertainmen | +1.7% | +74.70% | 加碼 |
| 5 | RGTIW | Rigetti Computing -cw27 | +1.3% | +263.52% | 加碼 |
| 6 | ✓ | Invesco QQQ Tr Put Option 06/2 | +1.2% | -46.32% | 加碼 |
| 7 | AXON 0.5 12-15-27債券 | Axon Enterprise Inc | +1.2% | -0.08% | 加碼 |
| 8 | LRN 1.125 09-01-27債券 | Stride Inc | +0.9% | — | 加碼 |
| 9 | SO 3.875 12-15-25債券 | Southern Co | +0.8% | +394.99% | 加碼 |
| 10 | SPOT 0 03-15-26債券 | Spotify USA Inc | +0.7% | +21.53% | 加碼 |
| 11 | MCHP 1.625 02-15-27債券 | Microchip Technology Inc | +0.6% | +0.83% | 加碼 |
| 12 | PRGS 1 04-15-26債券 | Progress Software CORP | +0.5% | — | 加碼 |
| 13 | STXS | Stereotaxis Inc | +0.4% | -12.62% | 加碼 |
| 14 | TLT | iShares 20+ Year Treasury Bond ETF | +0.4% | +200.00% | 加碼 |
| 15 | WK 1.125 08-15-26債券 | Workiva Inc | +0.4% | -5.77% | 加碼 |
| 16 | WDC 3 11-15-28債券 | Western Digital CORP | — | NEW | 新建倉 |
| 17 | X 5 11-01-26債券 | United States Steel CORP | — | EXIT | 清倉 |
| 18 | NRG 2.75 06-01-48債券 | Nrg Energy Inc | — | EXIT | 清倉 |
| 19 | VRNS 1.25 08-15-25債券 | Varonis System Inc | — | EXIT | 清倉 |
| 20 | CNK 4.5 08-15-25債券 | Cinemark Holdings Inc | — | EXIT | 清倉 |
| 21 | INSM 0.75 06-01-28債券 | Insmed Inc | — | EXIT | 清倉 |
| 22 | OXY-WS | Occidental Petroleum-cw27 | — | NEW | 新建倉 |
| 23 | MIDD 1 09-01-25債券 | Middleby CORP | — | EXIT | 清倉 |
| 24 | ZS 0.125 07-01-25債券 | Zscaler Inc. | — | EXIT | 清倉 |
| 25 | GVA 3.75 05-15-28債券 | Granite Construction Inc | — | EXIT | 清倉 |
| 26 | DDOG 0.125 06-15-25債券 | Datadog Inc | — | EXIT | 清倉 |
| 27 | BURL 2.25 04-15-25債券 | Burlington Stores Inc | — | EXIT | 清倉 |
| 28 | HALO 1 08-15-28債券 | Halozyme Therapeutics In | — | NEW | 新建倉 |
| 29 | IDCC 3.5 06-01-27債券 | Interdigital Inc | — | EXIT | 清倉 |
| 30 | PSN 0.25 08-15-25債券 | Parsons CORP | — | EXIT | 清倉 |
| 31 | BLMN 5 05-01-25債券 | Bloomin Brands Inc | — | EXIT | 清倉 |
| 32 | WT 3.25 06-15-26債券 | Wisdomtree Investments | — | NEW | 新建倉 |
| 33 | FLR 1.125 08-15-29債券 | Fluor CORP | — | EXIT | 清倉 |
| 34 | ✓ | Palantir Technologies Inc | — | NEW | 新建倉 |
| 35 | NCLH 5.375 08-01-25債券 | Ncl Corporation LTD | — | EXIT | 清倉 |
| 36 | ALNY 1 09-15-27債券 | Alnylam Pharmaceuticals | — | NEW | 新建倉 |
| 37 | PRCH 9 05-15-30債券 | Porch Group Inc | — | NEW | 新建倉 |
| 38 | EZPW 2.375 05-01-25債券 | Ezcorp Inc | — | EXIT | 清倉 |
| 39 | AKAM 0.125 05-01-25債券 | Akamai Technologies Inc | — | EXIT | 清倉 |
| 40 | CNP 4.25 08-15-26債券 | Centerpoint Energy Inc | — | NEW | 新建倉 |
| 41 | LUV 1.25 05-01-25債券 | Southwest Airlines Co | — | EXIT | 清倉 |
| 42 | WT 3.25 08-15-29債券 | Wisdomtree Inc | — | NEW | 新建倉 |
| 43 | ✓ | Cantaloupe Inc | — | NEW | 新建倉 |
| 44 | HCI 4.75 06-01-42債券 | Hci Group Inc | — | EXIT | 清倉 |
| 45 | GLD | SPDR Gold Shares | — | EXIT | 清倉 |
| 46 | QQQ | Invesco Qqq Trust Series 1 | — | EXIT | 清倉 |
| 47 | EXPE 0 02-15-26債券 | Expedia Group Inc | — | NEW | 新建倉 |
| 48 | SHOPCN 0.125 11-01-25債券 | Shopify Inc | — | EXIT | 清倉 |
| 49 | AAL 6.5 07-01-25債券 | American Airlines Group | — | EXIT | 清倉 |
| 50 | TLT | iShares 20+ Year Treasury Bond ETF | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Warberg Asset Management LLC 在 Q3 2025 季度的美股持倉總市值約為 US$5.5億，共申報了 188 個公開持股部位。
在 Q3 2025 季度，Warberg Asset Management LLC 按市值排列的前三大核心持股分別為：Spdr S&P 500 Etf Tr Put Option (31.2%)、Invesco QQQ Tr Put Option 06/2 (4.9%)、STX 3.5 06-01-28 (4.2%)。其中最大持股部位 Spdr S&P 500 Etf Tr Put Option 佔據整體投資組合約 31.2% 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
WDC 3 11-15-28
市值: US$2256.5萬
本季最大獲利了結 / 清倉標的
X 5 11-01-26
前期市值: US$2124.0萬
在 Q3 2025 季度中，Warberg Asset Management LLC 共進行了 50 項持倉異動，包含新建倉 12 個部位、加碼 15 個部位、減碼 0 個部位以及清倉 23 個部位。 其中最大新建倉標的為 WDC 3 11-15-28。 本季清倉部位包含 X 5 11-01-26。
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。