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
563 檔
40.5%
Q1 2026 季度申報顯示，Whitebox Advisors LLC 揭露的美股組合總市值為 US$76.5億，涵蓋 563 個不同之權益投資部位。
Whitebox Advisors LLC 在 Q1 2026 進行了結構性的板塊輪動與部位換股。在開立 82 個全新部位及加碼 20 檔持股的同時，亦同步清倉 60 檔並減碼 26 檔標的。
檢視投資組合結構，前 5 大主力部位（包含 WDC 3 11-15-28, LITE 1.5 12-15-29, ECHO 3.875 11-30-30）占據了總市值的 40.5%，展現出該機構在 Q1 2026 的重點資金聚焦與風險分佈特徵。
僅顯示前 200 大持股（共 563 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 | 18.01% | -18.01% | EXIT | |
| 2 | LITE 1.5 12-15-29債券 | Lumentum Holdings Inc | 債券 | 8.81% | -8.77% | — | |
| 3 | ECHO 3.875 11-30-30債券 | Echostar CORP | 債券 | 4.49% | -0.32% | +86.03% | |
| 4 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 4.00% | +0.88% | +11.11% | |
| 5 | LITE 0.5 12-15-26債券 | Lumentum Holdings Inc | 債券 | 2.79% | -1.97% | -10.29% | |
| 6 | BABA 0.5 06-01-31債券 | Alibaba Group Holding | 債券 | 2.73% | +0.24% | +6.67% | |
| 7 | SPHR 3.5 12-01-28債券 | Sphere Entertainment Co | 債券 | 2.67% | +1.24% | -3.17% | |
| 8 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 2.29% | -0.33% | — | |
| 9 | SNOW 0 10-01-29債券 | Snowflake Inc | 債券 | 2.15% | +1.21% | +13.97% | |
| 10 | SNOW 0 10-01-27債券 | Snowflake Inc | 債券 | 2.00% | -0.53% | +1.85% | |
| 11 | APLD 2.75 06-01-30債券 | Applied Digital CORP | 債券 | 1.98% | +0.66% | — | |
| 12 | GTLS | Chart Industries Inc | 股票-工業 | 1.93% | -1.66% | +35.52% | |
| 13 | PEN | Penumbra Inc | 股票-醫療保健 | 1.80% | +0.29% | — | |
| 14 | NVDA | Nvidia CORP | 股票-科技 | 1.72% | +0.11% | -20.00% | |
| 15 | TCOM 0.75 06-15-29債券 | Trip.com Group LTD | 債券 | 1.68% | -0.24% | +11.80% | |
| 16 | WBS | Webster Financial CORP | 股票-金融 | 1.64% | -0.08% | — | |
| 17 | MSTR 2.25 06-15-32債券 | Strategy Inc | 債券 | 1.41% | — | +0.45% | |
| 18 | COIN 0.25 04-01-30債券 | Coinbase Global Inc | 債券 | 1.37% | +0.56% | +33.78% | |
| 19 | SMCI | Super Micro Computer Inc | 股票-科技 | 1.29% | +0.28% | +119.05% | |
| 20 | LEU 2.25 11-01-30債券 | Centrus Energy CORP | 債券 | 1.14% | +0.04% | — | |
| 21 | 430 | Terns Pharmaceuticals Inc | 股票-其他 | 0.97% | -0.97% | EXIT | |
| 22 | WBD | Warner Bros Discovery Inc | 股票-通訊服務 | 0.92% | -0.01% | +262.00% | |
| 23 | LBRDK | Liberty Broadband-c | 股票-通訊服務 | 0.91% | -0.82% | +0.07% | |
| 24 | RIVN 3.625 10-15-30債券 | Rivian Auto Inc | 債券 | 0.91% | +0.17% | +19.31% | |
| 25 | MSTR 0 12-01-29債券 | Strategy Inc | 債券 | 0.88% | -0.82% | +6.17% | |
| 26 | JBLU 2.5 09-01-29債券 | Jetblue Airways CORP | 債券 | 0.86% | +0.13% | -14.93% | |
| 27 | TSM | Taiwan Semiconductor-sp Adr | 股票-科技 | 0.83% | +0.42% | — | |
| 28 | UPST 2 10-01-29債券 | Upstart Holdings Inc | 債券 | 0.78% | -0.16% | -7.29% | |
| 29 | MARA 0 03-01-30債券 | Mara Holdings Inc | 債券 | 0.76% | +0.18% | — | |
| 30 | IBIT | Ishares Bitcoin Trust ETF | ETF-加密貨幣 | 0.71% | -0.71% | EXIT | |
| 31 | VAL | Valaris Limited | 股票-能源 | 0.70% | +0.11% | — | |
| 32 | TFPM | Triple Flag Precious Met | 股票-原物料 | 0.65% | -0.06% | -0.50% | |
| 33 | NBIS | Nebius Group N.V. | 股票-其他 | 0.64% | +1.16% | — | |
| 34 | ECPG 4 03-15-29債券 | Encore Capital Group Inc | 債券 | 0.63% | -0.19% | -14.21% | |
| 35 | AAPL | Apple Inc | 股票-科技 | 0.62% | +0.33% | — | |
| 36 | MASI* | Masimo CORP | 股票-其他 | 0.59% | -0.59% | EXIT | |
| 37 | MARA 0 06-01-31債券 | Mara Holdings Inc | 債券 | 0.59% | -0.06% | -29.73% | |
| 38 | GPOR | Gulfport Energy CORP | 股票-其他 | 0.57% | +0.04% | -2.23% | |
| 39 | MSTR 0.625 09-15-28債券 | Strategy Inc | 債券 | 0.57% | -0.09% | +13.51% | |
| 40 | MSTR 0 03-01-30債券 | Strategy Inc | 債券 | 0.56% | +0.13% | — | |
| 41 | MARA | Mara Holdings Inc | 股票-金融 | 0.54% | +0.04% | +38.77% | |
| 42 | UPST 1 11-15-30債券 | Upstart Holdings Inc | 債券 | 0.53% | +0.17% | — | |
| 43 | MARA 2.125 09-01-31債券 | Mara Holdings Inc | 債券 | 0.52% | +0.21% | +19.07% | |
| 44 | ORCL 6.5 01-15-29 D債券 | Oracle CORP | 債券 | 0.50% | -0.03% | — | |
| 45 | OMER 9.5 06-15-29債券 | Omeros CORP | 債券 | 0.45% | -0.22% | — | |
| 46 | HLF 4.25 06-15-28債券 | Herbalife LTD | 債券 | 0.43% | +0.01% | -9.28% | |
| 47 | POH3 | Carnival Plc-adr | 股票-其他 | 0.41% | -0.41% | EXIT | |
| 48 | WOLF 2.5 06-15-31債券 | Wolfspeed Inc | 債券 | 0.38% | +0.72% | +3.23% | |
| 49 | W 3.5 11-15-28債券 | Wayfair Inc | 債券 | 0.38% | -0.38% | EXIT | |
| 50 | TSLA | Tesla Inc | 股票-循環性消費 | 0.34% | -0.34% | EXIT |
| # | 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 | +4.7% | — | 不變 |
| 2 | LITE 1.5 12-15-29債券 | Lumentum Holdings Inc | +3.5% | — | 不變 |
| 3 | ECHO 3.875 11-30-30債券 | Echostar CORP | +1.9% | +86.03% | 加碼 |
| 4 | LITE 0.5 12-15-26債券 | Lumentum Holdings Inc | +0.9% | -10.29% | 減碼 |
| 5 | WBD | Warner Bros Discovery Inc | +0.6% | +262.00% | 加碼 |
| 6 | SMCI | Super Micro Computer Inc | +0.4% | +119.05% | 加碼 |
| 7 | GTLS | Chart Industries Inc | +0.3% | +35.52% | 加碼 |
| 8 | SPHR 3.5 12-01-28債券 | Sphere Entertainment Co | +0.1% | -3.17% | 減碼 |
| 9 | COIN 0.25 04-01-30債券 | Coinbase Global Inc | +0.1% | +33.78% | 加碼 |
| 10 | MARA | Mara Holdings Inc | +0.1% | +38.77% | 加碼 |
| 11 | CHRD | Chord Energy CORP | +0.1% | -8.60% | 減碼 |
| 12 | MARA 2.125 09-01-31債券 | Mara Holdings Inc | 0% | +19.07% | 加碼 |
| 13 | PPLI | People Inc | 0% | +71.76% | 加碼 |
| 14 | KOS 3.125 03-15-30債券 | Kosmos Energy LTD | 0% | +30.00% | 加碼 |
| 15 | EWZ | Ishares Msci Brazil ETF | 0% | +299.08% | 加碼 |
| 16 | RIG | Transocean Ltd. | 0% | -4.76% | 減碼 |
| 17 | CYH | Community Health Systems Inc | 0% | +42.08% | 加碼 |
| 18 | MARA 0 03-01-30債券 | Mara Holdings Inc | 0% | — | 不變 |
| 19 | TSM | Taiwan Semiconductor-sp Adr | 0% | — | 不變 |
| 20 | MSTR 0.625 09-15-28債券 | Strategy Inc | 0% | +13.51% | 加碼 |
| 21 | ELBM | Electra Battery Materials Co | 0% | -4.25% | 減碼 |
| 22 | XRX | Xerox Holdings CORP | 0% | — | 不變 |
| 23 | AMC | Amc Entertainment Hlds-cl A | -0.1% | -64.01% | 減碼 |
| 24 | SVC | Service Properties Trust | -0.1% | -7.37% | 減碼 |
| 25 | MSTR 0 12-01-29債券 | Strategy Inc | -0.1% | +6.17% | 加碼 |
| 26 | MGM | Mgm Resorts International | -0.1% | -34.67% | 減碼 |
| 27 | XRX 3.75 03-15-30債券 | Xerox Holdings CORP | -0.1% | — | 不變 |
| 28 | NWSA | News CORP - Class A | -0.1% | -72.36% | 減碼 |
| 29 | TE 5.25 12-01-30債券 | T1 Energy Inc | -0.1% | -50.00% | 減碼 |
| 30 | EVH 4.5 08-15-31債券 | Evolent Health Inc | -0.1% | -26.09% | 減碼 |
| 31 | AMCX 4.25 02-15-29 *債券 | Amc Global Media Inc | -0.1% | — | 不變 |
| 32 | LBRDK | Liberty Broadband-c | -0.1% | +0.07% | 加碼 |
| 33 | DCH | Dauch Corporation | -0.1% | -29.30% | 減碼 |
| 34 | HEI-A | Heico Corp-class A | -0.1% | — | 不變 |
| 35 | NBR 1.75 06-15-29債券 | Nabors Industries Inc | -0.2% | -43.13% | 減碼 |
| 36 | PTCT 1.5 09-15-26債券 | Ptc Therapeutics Inc | -0.2% | -24.15% | 減碼 |
| 37 | GRFS | Grifols Sa-adr | -0.2% | -21.12% | 減碼 |
| 38 | LUMN | Lumen Technologies Inc | -0.2% | -18.89% | 減碼 |
| 39 | SRPT | Sarepta Therapeutics Inc | -0.2% | -73.53% | 減碼 |
| 40 | UPST 1 11-15-30債券 | Upstart Holdings Inc | -0.2% | — | 不變 |
| 41 | MARA 0 06-01-31債券 | Mara Holdings Inc | -0.3% | -29.73% | 減碼 |
| 42 | RUN 4 03-01-30債券 | Sunrun Inc | -0.3% | -30.12% | 減碼 |
| 43 | JBLU 2.5 09-01-29債券 | Jetblue Airways CORP | -0.3% | -14.93% | 減碼 |
| 44 | CLSK 0 06-15-30債券 | Cleanspark Inc | -0.3% | -36.56% | 減碼 |
| 45 | OMER 9.5 06-15-29債券 | Omeros CORP | -0.3% | — | 不變 |
| 46 | MSTR 2.25 06-15-32債券 | Strategy Inc | -0.3% | +0.45% | 加碼 |
| 47 | SPY | Ss Spdr S&p 500 ETF Trust-us | -0.4% | +11.11% | 加碼 |
| 48 | APLD 2.75 06-01-30債券 | Applied Digital CORP | -0.4% | — | 不變 |
| 49 | FOX | Fox CORP - Class B | -0.4% | -66.20% | 減碼 |
| 50 | TCOM 0.75 06-15-29債券 | Trip.com Group LTD | -0.4% | +11.80% | 加碼 |
根據 SEC 官方 Form 13F 申報備案，Whitebox Advisors LLC 在 Q1 2026 季度的美股持倉總市值約為 US$76.5億，共申報了 563 個公開持股部位。
在 Q1 2026 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 (18.0%)、LITE 1.5 12-15-29 (8.8%)、ECHO 3.875 11-30-30 (4.5%)。其中最大持股部位 WDC 3 11-15-28 佔據整體投資組合約 18.0% 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
IWM
市值: US$1.9億
本季最大獲利了結 / 清倉標的
CADE
前期市值: US$1.3億
在 Q1 2026 季度中，Whitebox Advisors LLC 共進行了 188 項持倉異動，包含新建倉 82 個部位、加碼 20 個部位、減碼 26 個部位以及清倉 60 個部位。 其中最大新建倉標的為 IWM。 本季清倉部位包含 CADE。
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。