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
422 檔
26.0%
根據最新整理的 13F 季度數據集，Whitebox Advisors LLC 於 Q3 2025 結束時的管理資產規模為 US$76.5億。該機構在本季度申報了 422 檔美股持倉，呈現出該時期的主要投資地圖。
在 Q3 2025，Whitebox Advisors LLC 操作展現出積極擴展與加碼意向。本季共新建倉 85 個新部位，並對 25 個既有持股進行加碼（合計增持 110 檔），相較減碼與清倉部位顯著佔優。
檢視投資組合結構，前 5 大主力部位（包含 WDC 3 11-15-28, SPY, BE 3 06-01-29）占據了總市值的 26.0%，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 422 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 | WDC 3 11-15-28債券 | Western Digital CORP | 債券 | 10.14% | -18.01% | EXIT | |
| 2 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 6.70% | +0.88% | -38.10% | |
| 3 | BE 3 06-01-29債券 | Bloom Energy CORP | 債券 | 6.40% | — | +11.14% | |
| 4 | BE 3 06-01-28債券 | Bloom Energy CORP | 債券 | 4.52% | — | +9.34% | |
| 5 | SNOW 0 10-01-27債券 | Snowflake Inc | 債券 | 3.08% | -0.53% | — | |
| 6 | MSTR 2.25 06-15-32債券 | Strategy Inc | 債券 | 3.07% | — | — | |
| 7 | VRNA | Verona Pharma PLC - Adr | 股票-其他 | 2.59% | — | — | |
| 8 | LITE 1.5 12-15-29債券 | Lumentum Holdings Inc | 債券 | 2.48% | -8.77% | +34.38% | |
| 9 | COIN 0.25 04-01-30債券 | Coinbase Global Inc | 債券 | 2.17% | +0.56% | +41.94% | |
| 10 | TCOM 0.75 06-15-29債券 | Trip.com Group LTD | 債券 | 2.09% | -0.24% | +259.32% | |
| 11 | SNOW 0 10-01-29債券 | Snowflake Inc | 債券 | 2.04% | +1.21% | — | |
| 12 | IBIT | Ishares Bitcoin Trust ETF | ETF-加密貨幣 | 2.01% | -0.71% | EXIT | |
| 13 | BABA 0.5 06-01-31債券 | Alibaba Group Holding | 債券 | 2.01% | +0.24% | +186.02% | |
| 14 | SPHR 3.5 12-01-28債券 | Sphere Entertainment Co | 債券 | 1.95% | +1.24% | +3.28% | |
| 15 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 1.87% | -0.33% | +42.86% | |
| 16 | ECHO 3.875 11-30-30債券 | Echostar CORP | 債券 | 1.61% | -0.32% | +6.56% | |
| 17 | AAPL | Apple Inc | 股票-科技 | 1.58% | +0.33% | +17.65% | |
| 18 | JBLU 2.5 09-01-29債券 | Jetblue Airways CORP | 債券 | 1.51% | +0.13% | — | |
| 19 | LBRDK | Liberty Broadband-c | 股票-通訊服務 | 1.43% | -0.82% | +4.82% | |
| 20 | MSTR 0.625 09-15-28債券 | Strategy Inc | 債券 | 1.08% | -0.09% | — | |
| 21 | ✓ | Cyberark Software LTD. Cmn | 股票-其他 | 1.03% | — | — | |
| 22 | 07WA | Mr Cooper Group Inc | 股票-其他 | 1.03% | — | -35.00% | |
| 23 | GTLS | Chart Industries Inc | 股票-工業 | 0.98% | -1.66% | — | |
| 24 | ✓ | Wns Holdings LTD | 股票-其他 | 0.92% | — | — | |
| 25 | W 3.5 11-15-28債券 | Wayfair Inc | 債券 | 0.92% | -0.38% | EXIT | |
| 26 | OIH | Vaneck Oil Services ETF | ETF-其他 | 0.92% | — | -53.53% | |
| 27 | SMCI | Super Micro Computer Inc | 股票-科技 | 0.89% | +0.28% | — | |
| 28 | RUN 4 03-01-30債券 | Sunrun Inc | 債券 | 0.89% | -0.09% | -4.49% | |
| 29 | TFPM | Triple Flag Precious Met | 股票-原物料 | 0.81% | -0.06% | -25.36% | |
| 30 | MARA | Mara Holdings Inc | 股票-金融 | 0.81% | +0.04% | +123.89% | |
| 31 | RIVN 3.625 10-15-30債券 | Rivian Auto Inc | 債券 | 0.81% | +0.17% | -5.02% | |
| 32 | GPOR | Gulfport Energy CORP | 股票-其他 | 0.77% | +0.04% | +148.65% | |
| 33 | ECPG 4 03-15-29債券 | Encore Capital Group Inc | 債券 | 0.76% | -0.19% | -0.99% | |
| 34 | SMTC 1.625 11-01-27債券 | Semtech CORP | 債券 | 0.73% | +0.11% | +71.43% | |
| 35 | KEL | Kellanova | 股票-其他 | 0.69% | — | +42.56% | |
| 36 | TSLA | Tesla Inc | 股票-循環性消費 | 0.69% | -0.34% | EXIT | |
| 37 | LITE 0.5 12-15-26債券 | Lumentum Holdings Inc | 債券 | 0.67% | -1.97% | +39.46% | |
| 38 | MARA 2.125 09-01-31債券 | Mara Holdings Inc | 債券 | 0.67% | +0.21% | — | |
| 39 | COLL 2.875 02-15-29債券 | Collegium Pharma Inc | 債券 | 0.66% | — | — | |
| 40 | SEALTD 2.375 12-01-25債券 | Sea LTD | 債券 | 0.61% | — | -44.33% | |
| 41 | NVDA | Nvidia CORP | 股票-科技 | 0.58% | +0.11% | +100.00% | |
| 42 | FRPT 3 04-01-28債券 | Freshpet Inc | 債券 | 0.55% | — | -23.75% | |
| 43 | COIN 0.5 06-01-26債券 | Coinbase Global Inc | 債券 | 0.49% | — | -9.87% | |
| 44 | WT 3.25 08-15-29債券 | Wisdomtree Inc | 債券 | 0.48% | — | — | |
| 45 | HEI-A | Heico Corp-class A | 股票-其他 | 0.48% | +0.13% | +3.23% | |
| 46 | TYL 0.25 03-15-26債券 | Tyler Technologies Inc | 債券 | 0.44% | — | +10.70% | |
| 47 | HLF 4.25 06-15-28債券 | Herbalife LTD | 債券 | 0.42% | +0.01% | — | |
| 48 | XOP | Ss Spdr S&p Og Exp & Prod | ETF-其他 | 0.41% | — | +9.35% | |
| 49 | LUMN | Lumen Technologies Inc | 股票-通訊服務 | 0.41% | +0.05% | — | |
| 50 | GRFS | Grifols Sa-adr | 股票-其他 | 0.40% | -0.05% | — |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | WDC 3 11-15-28債券 | Western Digital CORP | +6.1% | +26.25% | 加碼 |
| 2 | BE 3 06-01-28債券 | Bloom Energy CORP | +2.7% | +9.34% | 加碼 |
| 3 | LITE 1.5 12-15-29債券 | Lumentum Holdings Inc | +1.2% | +34.38% | 加碼 |
| 4 | KEL | Kellanova | +0.4% | +42.56% | 加碼 |
| 5 | SPHR 3.5 12-01-28債券 | Sphere Entertainment Co | +0.4% | +3.28% | 加碼 |
| 6 | MARA | Mara Holdings Inc | +0.3% | +123.89% | 加碼 |
| 7 | COIN 0.25 04-01-30債券 | Coinbase Global Inc | +0.3% | +41.94% | 加碼 |
| 8 | SMTC 1.625 11-01-27債券 | Semtech CORP | +0.3% | +71.43% | 加碼 |
| 9 | LITE 0.5 12-15-26債券 | Lumentum Holdings Inc | +0.2% | +39.46% | 加碼 |
| 10 | RUN 4 03-01-30債券 | Sunrun Inc | +0.2% | -4.49% | 加碼 |
| 11 | GPOR | Gulfport Energy CORP | +0.1% | +148.65% | 加碼 |
| 12 | RUN | Sunrun Inc | +0.1% | — | 不變 |
| 13 | MGM | Mgm Resorts International | +0.1% | +32.75% | 加碼 |
| 14 | MTSI 0.25 03-15-26債券 | M/a-com Tech Solutions | +0.1% | +96.15% | 加碼 |
| 15 | HTZ | Hertz Global Hldgs Inc | +0.1% | +6.37% | 加碼 |
| 16 | ✓ | Realogy Hldgs CORP Com | 0% | -24.12% | 減碼 |
| 17 | PCT 7.25 08-15-30債券 | Purecycle Technologies | 0% | — | 加碼 |
| 18 | CCO | Clear Channel Outdoor Holdin | 0% | -0.73% | 加碼 |
| 19 | PDD 0 12-01-25債券 | Pdd Holdings Inc | 0% | — | 加碼 |
| 20 | VERI 1.75 11-15-26債券 | Veritone Inc | 0% | +4.58% | 加碼 |
| 21 | BYND 0 03-15-27債券 | Beyond Meat Inc | — | — | 不變 |
| 22 | LUMN | Lumen Technologies Inc | 0% | — | 不變 |
| 23 | SVC | Service Properties Trust | 0% | -5.10% | 加碼 |
| 24 | CSTM | Constellium SE | -0.1% | -21.56% | 減碼 |
| 25 | W 3.5 11-15-28債券 | Wayfair Inc | -0.1% | -22.94% | 減碼 |
| 26 | TSLA | Tesla Inc | -0.1% | — | 減碼 |
| 27 | NFE | New Fortress Energy Inc | -0.1% | — | 不變 |
| 28 | DSM | Bnym Strat Muni Bnd | -0.1% | -11.55% | 減碼 |
| 29 | ✓ | Hcm Ii Acquisition CORP | -0.1% | -63.94% | 減碼 |
| 30 | BHC | Bausch Health Cos Inc | -0.1% | -36.31% | 減碼 |
| 31 | GM | General Motors Co | -0.1% | -26.40% | 減碼 |
| 32 | GRFS | Grifols Sa-adr | -0.1% | — | 減碼 |
| 33 | DCH | Dauch Corporation | -0.1% | -24.60% | 減碼 |
| 34 | LINTA 4 11-15-29債券 | Liberty Interactive LLC | -0.1% | — | 不變 |
| 35 | RIVN | Rivian Automotive Inc-a | -0.1% | — | 不變 |
| 36 | POH3 | Carnival Plc-adr | -0.1% | -43.36% | 減碼 |
| 37 | HEI-A | Heico Corp-class A | -0.2% | +3.23% | 加碼 |
| 38 | NBR 1.75 06-15-29債券 | Nabors Industries Inc | -0.2% | — | 加碼 |
| 39 | NVDA | Nvidia CORP | -0.2% | +100.00% | 減碼 |
| 40 | PTCT 1.5 09-15-26債券 | Ptc Therapeutics Inc | -0.2% | — | 不變 |
| 41 | LINTA 3.75 02-15-30債券 | Liberty Interactive LLC | -0.2% | — | 不變 |
| 42 | NIO 4.625 10-15-30債券 | Nio Inc | -0.2% | -51.64% | 減碼 |
| 43 | LAZR 11.5 01-15-30債券 | Luminar Technologies Inc | -0.2% | -17.33% | 減碼 |
| 44 | CHRD | Chord Energy CORP | -0.2% | — | 不變 |
| 45 | COLL 2.875 02-15-29債券 | Collegium Pharma Inc | -0.3% | — | 加碼 |
| 46 | ZYXI 5 05-15-26債券 | Zynex Inc | -0.3% | — | 不變 |
| 47 | VAL | Valaris Limited | -0.3% | -44.69% | 減碼 |
| 48 | XRX 3.75 03-15-30債券 | Xerox Holdings CORP | -0.3% | — | 加碼 |
| 49 | PPLI | People Inc | -0.3% | +17.47% | 減碼 |
| 50 | KKR | Kkr & Co Inc | -0.4% | +1900.00% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Whitebox Advisors LLC 在 Q3 2025 季度的美股持倉總市值約為 US$76.5億，共申報了 422 個公開持股部位。
在 Q3 2025 季度，Whitebox Advisors LLC 按市值排列的前三大核心持股分別為：WDC 3 11-15-28 (10.1%)、SPY (6.7%)、BE 3 06-01-29 (6.4%)。其中最大持股部位 WDC 3 11-15-28 佔據整體投資組合約 10.1% 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
BE 3 06-01-29
市值: US$4.1億
本季最大獲利了結 / 清倉標的
BERYEUR
前期市值: US$1.4億
在 Q3 2025 季度中，Whitebox Advisors LLC 共進行了 190 項持倉異動，包含新建倉 85 個部位、加碼 25 個部位、減碼 31 個部位以及清倉 49 個部位。 其中最大新建倉標的為 BE 3 06-01-29。 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。