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: 0001257391
申報總市值
US$76.5億
US$76.5億
375 檔
18.8%
在 Q2 2025 申報期間，Whitebox Advisors LLC（CIK: 0001257391）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$76.5億，共持有 375 個公開申報部位。
Whitebox Advisors LLC 於 Q2 2025 展現出進攻型調倉步調，本季推動了 83 檔股票的新建倉與 28 檔既有部位加碼，整體資金傾向擴大在美股市場的曝險佈局。
在資產配置集中度方面，Whitebox Advisors LLC 的前 5 大核心持股（包含 SPY, WDC 3 11-15-28, MSTR 2.25 06-15-32 等）合計佔整體申報市值的 18.8%，反映機構在主要關鍵部位上的權重分佈。
僅顯示前 200 大持股（共 375 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 | 13.77% | +0.88% | +1.35% | |
| 2 | WDC 3 11-15-28債券 | Western Digital CORP | 債券 | 6.17% | -18.01% | EXIT | |
| 3 | MSTR 2.25 06-15-32債券 | Strategy Inc | 債券 | 5.08% | — | — | |
| 4 | LBRDK | Liberty Broadband-c | 股票-通訊服務 | 2.89% | -0.82% | +38.65% | |
| 5 | BE 3 06-01-29債券 | Bloom Energy CORP | 債券 | 2.70% | — | — | |
| 6 | IBIT | Ishares Bitcoin Trust ETF | ETF-加密貨幣 | 2.60% | -0.71% | EXIT | |
| 7 | OIH | Vaneck Oil Services ETF | ETF-其他 | 2.40% | — | +8.89% | |
| 8 | COIN 0.25 04-01-30債券 | Coinbase Global Inc | 債券 | 2.18% | +0.56% | +1.67% | |
| 9 | SPHR 3.5 12-01-28債券 | Sphere Entertainment Co | 債券 | 1.92% | +1.24% | +26.47% | |
| 10 | BE 3 06-01-28債券 | Bloom Energy CORP | 債券 | 1.85% | — | +6.80% | |
| 11 | APY1EUR | Championx CORP | 股票-其他 | 1.73% | — | +56.55% | |
| 12 | LITE 1.5 12-15-29債券 | Lumentum Holdings Inc | 債券 | 1.61% | -8.77% | +16.49% | |
| 13 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 1.60% | -0.33% | — | |
| 14 | 07WA | Mr Cooper Group Inc | 股票-其他 | 1.54% | — | — | |
| 15 | AAPL | Apple Inc | 股票-科技 | 1.48% | +0.33% | -19.05% | |
| 16 | SEALTD 2.375 12-01-25債券 | Sea LTD | 債券 | 1.36% | — | -35.65% | |
| 17 | AZEK | Azek Co Inc/the | 股票-其他 | 1.24% | — | +48.00% | |
| 18 | AAL 6.5 07-01-25債券 | American Airlines Group | 債券 | 1.22% | — | — | |
| 19 | TFPM | Triple Flag Precious Met | 股票-原物料 | 1.21% | -0.06% | -4.84% | |
| 20 | RIVN 3.625 10-15-30債券 | Rivian Auto Inc | 債券 | 1.14% | +0.17% | +3.46% | |
| 21 | FRPT 3 04-01-28債券 | Freshpet Inc | 債券 | 1.09% | — | -5.61% | |
| 22 | W 3.5 11-15-28債券 | Wayfair Inc | 債券 | 1.06% | -0.38% | EXIT | |
| 23 | INFA1EUR | Informatica Inc - Class A | 股票-其他 | 1.06% | — | — | |
| 24 | ECPG 4 03-15-29債券 | Encore Capital Group Inc | 債券 | 1.01% | -0.19% | — | |
| 25 | ECHO 3.875 11-30-30債券 | Echostar CORP | 債券 | 0.99% | -0.32% | -66.89% | |
| 26 | PNW 4.75 06-15-27債券 | Pinnacle West Capital | 債券 | 0.89% | — | — | |
| 27 | SRPT 1.25 09-15-27債券 | Sarepta Therapeutics Inc | 債券 | 0.87% | — | — | |
| 28 | WEC 4.375 06-01-27債券 | Wec Energy Group Inc | 債券 | 0.86% | — | — | |
| 29 | 2655787D | Blueprint Medicines CORP | 股票-其他 | 0.84% | — | — | |
| 30 | COLL 2.875 02-15-29債券 | Collegium Pharma Inc | 債券 | 0.82% | — | +9.04% | |
| 31 | SWTXUSD | Springworks Therapeutics Inc | 股票-其他 | 0.79% | — | — | |
| 32 | COIN 0.5 06-01-26債券 | Coinbase Global Inc | 債券 | 0.78% | — | -1.54% | |
| 33 | FXI | Ishares China Large-cap ETF | ETF-新興市場 | 0.78% | — | — | |
| 34 | LBRDA | Liberty Broadband-a | 股票-其他 | 0.72% | -0.07% | +1.41% | |
| 35 | TCOM 0.75 06-15-29債券 | Trip.com Group LTD | 債券 | 0.69% | -0.24% | — | |
| 36 | RUN 4 03-01-30債券 | Sunrun Inc | 債券 | 0.67% | -0.09% | +20.24% | |
| 37 | BABA 0.5 06-01-31債券 | Alibaba Group Holding | 債券 | 0.67% | +0.24% | — | |
| 38 | ON 0 05-01-27債券 | On Semiconductor CORP | 債券 | 0.65% | — | -28.77% | |
| 39 | HEI-A | Heico Corp-class A | 股票-其他 | 0.65% | +0.13% | +1.46% | |
| 40 | KEL | Kellanova | 股票-其他 | 0.65% | — | +170.98% | |
| 41 | TYL 0.25 03-15-26債券 | Tyler Technologies Inc | 債券 | 0.61% | — | -2.10% | |
| 42 | JD 0.25 06-01-29債券 | Jd.com Inc | 債券 | 0.61% | — | — | |
| 43 | NVAX 5 12-15-27債券 | Novavax Inc | 債券 | 0.58% | — | -9.76% | |
| 44 | HLF 4.25 06-15-28債券 | Herbalife LTD | 債券 | 0.57% | +0.01% | -20.94% | |
| 45 | EVRG 4.5 12-15-27債券 | Evergy Inc | 債券 | 0.56% | — | -10.00% | |
| 46 | XRX 3.75 03-15-30債券 | Xerox Holdings CORP | 債券 | 0.54% | +0.07% | +3.60% | |
| 47 | SO 4.5 06-15-27債券 | Southern Co | 債券 | 0.54% | — | — | |
| 48 | MSTR 0.875 03-15-31債券 | Strategy Inc | 債券 | 0.52% | +0.02% | -6.62% | |
| 49 | GRFS | Grifols Sa-adr | 股票-其他 | 0.50% | -0.05% | -2.11% | |
| 50 | XOP | Ss Spdr S&p Og Exp & Prod | ETF-其他 | 0.49% | — | -47.74% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | MSTR 2.25 06-15-32債券 | Strategy Inc | +5.1% | NEW | 新建倉 |
| 2 | BE 3 06-01-29債券 | Bloom Energy CORP | +2.7% | NEW | 新建倉 |
| 3 | IBIT | Ishares Bitcoin Trust ETF | +2.6% | NEW | 新建倉 |
| 4 | WDC 3 11-15-28債券 | Western Digital CORP | +2.2% | +33.75% | 加碼 |
| 5 | IWM | Ishares Russell 2000 ETF | +1.6% | NEW | 新建倉 |
| 6 | 07WA | Mr Cooper Group Inc | +1.5% | NEW | 新建倉 |
| 7 | INFA1EUR | Informatica Inc - Class A | +1.1% | NEW | 新建倉 |
| 8 | PNW 4.75 06-15-27債券 | Pinnacle West Capital | +0.9% | NEW | 新建倉 |
| 9 | SRPT 1.25 09-15-27債券 | Sarepta Therapeutics Inc | +0.9% | NEW | 新建倉 |
| 10 | WEC 4.375 06-01-27債券 | Wec Energy Group Inc | +0.9% | NEW | 新建倉 |
| 11 | 2655787D | Blueprint Medicines CORP | +0.8% | NEW | 新建倉 |
| 12 | SWTXUSD | Springworks Therapeutics Inc | +0.8% | NEW | 新建倉 |
| 13 | FXI | Ishares China Large-cap ETF | +0.8% | NEW | 新建倉 |
| 14 | LBRDK | Liberty Broadband-c | +0.7% | +38.65% | 加碼 |
| 15 | TCOM 0.75 06-15-29債券 | Trip.com Group LTD | +0.7% | NEW | 新建倉 |
| 16 | BABA 0.5 06-01-31債券 | Alibaba Group Holding | +0.7% | NEW | 新建倉 |
| 17 | JD 0.25 06-01-29債券 | Jd.com Inc | +0.6% | NEW | 新建倉 |
| 18 | SO 4.5 06-15-27債券 | Southern Co | +0.5% | NEW | 新建倉 |
| 19 | AMCX 4.25 02-15-29 *債券 | Amc Global Media Inc | +0.4% | NEW | 新建倉 |
| 20 | KEL | Kellanova | +0.4% | +170.98% | 加碼 |
| 21 | COIN 0.25 04-01-30債券 | Coinbase Global Inc | +0.3% | +1.67% | 加碼 |
| 22 | SPHR 3.5 12-01-28債券 | Sphere Entertainment Co | +0.3% | +26.47% | 加碼 |
| 23 | LITE 1.5 12-15-29債券 | Lumentum Holdings Inc | +0.3% | +16.49% | 加碼 |
| 24 | AZEK | Azek Co Inc/the | +0.3% | +48.00% | 加碼 |
| 25 | SB9 | Sitio Royalties Corp-a | +0.3% | NEW | 新建倉 |
| 26 | SRPT | Sarepta Therapeutics Inc | +0.3% | NEW | 新建倉 |
| 27 | OMER 9.5 06-15-29債券 | Omeros CORP | +0.2% | NEW | 新建倉 |
| 28 | ✓ | Titan Acquisition CORP | +0.2% | NEW | 新建倉 |
| 29 | ✓ | Fifth Era Acquisition CORP I | +0.2% | NEW | 新建倉 |
| 30 | CDLX 4.25 04-01-29債券 | Cardlytics Inc | +0.2% | NEW | 新建倉 |
| 31 | ✓ | Sizzle Acquisition CORP. Ii | +0.1% | NEW | 新建倉 |
| 32 | ✓ | Soulpower Acquisition CORP | +0.1% | NEW | 新建倉 |
| 33 | HTZ 8 07-15-29債券 | Hertz Corp/the | +0.1% | NEW | 新建倉 |
| 34 | LI 0.25 05-01-28債券 | Li Auto Inc | +0.1% | NEW | 新建倉 |
| 35 | PCT 7.25 08-15-30債券 | Purecycle Technologies | +0.1% | +25.92% | 加碼 |
| 36 | ✓ | +0.1% | NEW | 新建倉 | |
| 37 | APY1EUR | Championx CORP | +0.1% | +56.55% | 加碼 |
| 38 | ✓ | +0.1% | NEW | 新建倉 | |
| 39 | HTZ | Hertz Global Hldgs Inc | +0.1% | +33.38% | 加碼 |
| 40 | MGM | Mgm Resorts International | +0.1% | +1030.47% | 加碼 |
| 41 | ✓ | New Providence Acquisition C | +0.1% | NEW | 新建倉 |
| 42 | ✓ | Real Asset Acquisition CORP | +0.1% | NEW | 新建倉 |
| 43 | EWZ | Ishares Msci Brazil ETF | +0.1% | NEW | 新建倉 |
| 44 | FLS | Flowserve CORP | +0.1% | NEW | 新建倉 |
| 45 | ✓ | Aldel Finl Ii Inc | +0.1% | NEW | 新建倉 |
| 46 | ✓ | Digital Asset Acquisition Co | +0.1% | NEW | 新建倉 |
| 47 | ✓ | Willow Lane Acquisition CORP | +0.1% | NEW | 新建倉 |
| 48 | ✓ | +0.1% | NEW | 新建倉 | |
| 49 | ✓ | +0.1% | NEW | 新建倉 | |
| 50 | ✓ | Newbury Str Ii Acquisition C | +0.1% | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Whitebox Advisors LLC 在 Q2 2025 季度的美股持倉總市值約為 US$76.5億，共申報了 375 個公開持股部位。
在 Q2 2025 季度，Whitebox Advisors LLC 按市值排列的前三大核心持股分別為：SPY (13.8%)、WDC 3 11-15-28 (6.2%)、MSTR 2.25 06-15-32 (5.1%)。其中最大持股部位 SPY 佔據整體投資組合約 13.8% 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
MSTR 2.25 06-15-32
市值: US$2.4億
本季最大獲利了結 / 清倉標的
BERYEUR
前期市值: US$1.4億
在 Q2 2025 季度中，Whitebox Advisors LLC 共進行了 179 項持倉異動，包含新建倉 83 個部位、加碼 28 個部位、減碼 30 個部位以及清倉 38 個部位。 其中最大新建倉標的為 MSTR 2.25 06-15-32。 本季清倉部位包含 BERYEUR。
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。