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: 0001279891
申報總市值
US$113.8億
US$113.8億
1360 檔
14.0%
在 Q4 2025 的 13F 官方備案中，Wolverine Asset Management LLC 管理的美股投資組合規模來到 US$113.8億，整體持股檔數為 1360 檔。
觀察 Q4 2025 的資金脈絡，Wolverine Asset Management LLC 在獲利結算 7 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。
在資產配置集中度方面，Wolverine Asset Management LLC 的前 5 大核心持股（包含 BABA 0.5 06-01-31, IREN, BA 等）合計佔整體申報市值的 14.0%，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 1360 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 | BABA 0.5 06-01-31債券 | Alibaba Group Holding | 債券 | 3.02% | -0.07% | +14.10% | |
| 2 | IREN | IREN Limited | 股票-其他 | 2.87% | +0.12% | +82.89% | |
| 3 | BA | Boeing Co/the | 股票-工業 | 2.49% | -0.24% | +423.76% | |
| 4 | RIVN | Rivian Automotive Inc-a | 股票-循環性消費 | 2.18% | +0.19% | +0.21% | |
| 5 | RKLB | Rocket Lab CORP | 股票-工業 | 1.96% | — | — | |
| 6 | AAPL | Apple Inc | 股票-科技 | 1.82% | -0.80% | +2.76% | |
| 7 | LCID | Lucid Group Inc | 股票-循環性消費 | 1.40% | -0.25% | -17.35% | |
| 8 | MSTR | Strategy Inc | 股票-科技 | 1.37% | -0.53% | -14.91% | |
| 9 | ASTS | Ast Spacemobile Inc | 股票-科技 | 1.31% | +0.01% | +3.45% | |
| 10 | NVDA | Nvidia CORP | 股票-科技 | 1.26% | -0.68% | -25.91% | |
| 11 | BE | Bloom Energy Corp- A | 股票-工業 | 1.19% | +0.42% | +40.08% | |
| 12 | MSTR 0.625 09-15-28債券 | Strategy Inc | 債券 | 1.15% | +0.22% | — | |
| 13 | SMCI 3.5 03-01-29債券 | Super Micro Computer Inc | 債券 | 1.15% | -0.22% | +19.70% | |
| 14 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.06% | -0.51% | -0.15% | |
| 15 | TCOM 0.75 06-15-29債券 | Trip.com Group LTD | 債券 | 1.03% | +0.19% | +110.26% | |
| 16 | RIVN 4.625 03-15-29債券 | Rivian Auto Inc | 債券 | 0.92% | +0.21% | — | |
| 17 | MARA | Mara Holdings Inc | 股票-金融 | 0.90% | +0.27% | +55.46% | |
| 18 | ASND 2.25 04-01-28債券 | Ascendis Pharma A/s | 債券 | 0.89% | -1.12% | EXIT | |
| 19 | PCG 4.25 12-01-27債券 | Pg&e CORP | 債券 | 0.87% | -0.11% | +11.72% | |
| 20 | JD 0.25 06-01-29債券 | Jd.com Inc | 債券 | 0.86% | +0.04% | +97.17% | |
| 21 | ON 0.5 03-01-29債券 | On Semiconductor CORP | 債券 | 0.83% | -0.79% | EXIT | |
| 22 | GH 1.25 02-15-31債券 | Guardant Health Inc | 債券 | 0.83% | -0.44% | EXIT | |
| 23 | COIN 0.5 06-01-26債券 | Coinbase Global Inc | 債券 | 0.81% | -0.99% | EXIT | |
| 24 | NIO | Nio Inc - Adr | 股票-循環性消費 | 0.80% | -0.33% | -7.88% | |
| 25 | ABNB 0 03-15-26債券 | Airbnb Inc | 債券 | 0.78% | — | — | |
| 26 | TSLA | Tesla Inc | 股票-循環性消費 | 0.77% | -0.43% | -26.94% | |
| 27 | BBIO 2.25 02-01-29債券 | Bridgebio Pharma Inc | 債券 | 0.77% | -0.06% | +93.82% | |
| 28 | BE 3 06-01-29債券 | Bloom Energy CORP | 債券 | 0.76% | +1.49% | — | |
| 29 | SMCI | Super Micro Computer Inc | 股票-科技 | 0.75% | -0.05% | +123.23% | |
| 30 | INTC | Intel CORP | 股票-科技 | 0.74% | +0.04% | -13.78% | |
| 31 | TMDX 1.5 06-01-28債券 | Transmedics Group Inc | 債券 | 0.73% | -0.17% | — | |
| 32 | BAC | Bank Of America CORP | 股票-金融 | 0.72% | -0.14% | +6.10% | |
| 33 | AMZN | Amazon.com Inc | 股票-循環性消費 | 0.71% | -0.42% | -21.67% | |
| 34 | LI 0.25 05-01-28債券 | Li Auto Inc | 債券 | 0.71% | -0.86% | EXIT | |
| 35 | CIFR 1.75 05-15-30債券 | Cipher Digital Inc | 債券 | 0.71% | — | — | |
| 36 | DKNG 0 03-15-28債券 | Draftkings Holdings Inc | 債券 | 0.69% | -0.37% | EXIT | |
| 37 | BBIO 2.5 03-15-27債券 | Bridgebio Pharma Inc | 債券 | 0.68% | -0.22% | -49.35% | |
| 38 | MSTR 2.25 06-15-32債券 | Strategy Inc | 債券 | 0.68% | -0.11% | — | |
| 39 | ALB 7.25 03-01-27債券 | Albemarle CORP | 債券 | 0.67% | -0.33% | +8.60% | |
| 40 | ENPH 0 03-01-26債券 | Enphase Energy Inc | 債券 | 0.65% | — | — | |
| 41 | AMD | Advanced Micro Devices | 股票-科技 | 0.61% | +0.33% | -36.54% | |
| 42 | HAE 2.5 06-01-29債券 | Haemonetics CORP | 債券 | 0.56% | -0.22% | EXIT | |
| 43 | ALHC 4.25 11-15-29債券 | Alignment Healthcare | 債券 | 0.55% | -0.08% | — | |
| 44 | LYFT 0.625 03-01-29債券 | Lyft Inc | 債券 | 0.54% | +0.01% | — | |
| 45 | WT 3.25 08-15-29債券 | Wisdomtree Inc | 債券 | 0.53% | — | — | |
| 46 | WK 1.25 08-15-28債券 | Workiva Inc | 債券 | 0.53% | -0.07% | +38.58% | |
| 47 | NIO 3.875 10-15-29債券 | Nio Inc | 債券 | 0.53% | -0.05% | — | |
| 48 | IRTC 1.5 09-01-29債券 | Irhythm Holdings Inc | 債券 | 0.52% | +0.14% | -17.55% | |
| 49 | BTSG 6.75 02-01-27債券 | Brightspring Health Serv | 債券 | 0.51% | -0.36% | -6.99% | |
| 50 | LITE | Lumentum Holdings Inc | 股票-科技 | 0.51% | -2.78% | EXIT |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | BA | Boeing Co/the | +2.1% | +423.76% | 加碼 |
| 2 | IREN | IREN Limited | +1% | +82.89% | 加碼 |
| 3 | ON 0.5 03-01-29債券 | On Semiconductor CORP | +0.8% | +1324.21% | 加碼 |
| 4 | RKLB | Rocket Lab CORP | +0.7% | — | 不變 |
| 5 | RIVN | Rivian Automotive Inc-a | +0.7% | +0.21% | 加碼 |
| 6 | TCOM 0.75 06-15-29債券 | Trip.com Group LTD | +0.6% | +110.26% | 加碼 |
| 7 | ASTS | Ast Spacemobile Inc | +0.5% | +3.45% | 加碼 |
| 8 | BBIO 2.25 02-01-29債券 | Bridgebio Pharma Inc | +0.4% | +93.82% | 加碼 |
| 9 | JD 0.25 06-01-29債券 | Jd.com Inc | +0.4% | +97.17% | 加碼 |
| 10 | BE | Bloom Energy Corp- A | +0.4% | +40.08% | 加碼 |
| 11 | NBIS | Nebius Group N.V. | +0.4% | +1143.14% | 加碼 |
| 12 | AKAM 1.125 02-15-29債券 | Akamai Technologies Inc | +0.4% | +862.76% | 加碼 |
| 13 | MSTR 0.625 03-15-30債券 | Strategy Inc | -0.3% | — | 不變 |
| 14 | BBIO 2.5 03-15-27債券 | Bridgebio Pharma Inc | -0.3% | -49.35% | 減碼 |
| 15 | BL 1 06-01-29債券 | Blackline Inc | -0.3% | -86.62% | 減碼 |
| 16 | CLSK | Cleanspark Inc | -0.3% | -25.74% | 減碼 |
| 17 | MSFT | Microsoft CORP | -0.3% | -35.19% | 減碼 |
| 18 | NVDA | Nvidia CORP | -0.3% | -25.91% | 減碼 |
| 19 | MSTR 2.25 06-15-32債券 | Strategy Inc | -0.3% | — | 不變 |
| 20 | PNW 4.75 06-15-27債券 | Pinnacle West Capital | -0.4% | -72.86% | 減碼 |
| 21 | NIO | Nio Inc - Adr | -0.4% | -7.88% | 減碼 |
| 22 | AVGO | Broadcom Inc | -0.4% | -54.86% | 減碼 |
| 23 | W | Wayfair Inc- Class A | -0.5% | -61.36% | 減碼 |
| 24 | FRPT 3 04-01-28債券 | Freshpet Inc | -0.5% | -80.31% | 減碼 |
| 25 | MSTR 0.625 09-15-28債券 | Strategy Inc | -0.6% | — | 不變 |
| 26 | BABA | Alibaba Group Holding-sp Adr | -0.7% | -68.59% | 減碼 |
| 27 | V | Visa Inc-class A Shares | -0.8% | -93.13% | 減碼 |
| 28 | COIN | Coinbase Global Inc -class A | -0.8% | -45.43% | 減碼 |
| 29 | MSTR | Strategy Inc | -1.8% | -14.91% | 減碼 |
| 30 | LCID | Lucid Group Inc | -2.2% | -17.35% | 減碼 |
| 31 | BE 3 06-01-28債券 | Bloom Energy CORP | -2.7% | -93.80% | 減碼 |
| 32 | SEALTD 2.375 12-01-25債券 | Sea LTD | — | EXIT | 清倉 |
| 33 | GH 1.25 02-15-31債券 | Guardant Health Inc | — | NEW | 新建倉 |
| 34 | BE 3 06-01-29債券 | Bloom Energy CORP | — | NEW | 新建倉 |
| 35 | LITE 0.5 06-15-28債券 | Lumentum Holdings Inc | — | EXIT | 清倉 |
| 36 | AEIS 2.5 09-15-28債券 | Advanced Energy Ind | — | EXIT | 清倉 |
| 37 | ALHC 4.25 11-15-29債券 | Alignment Healthcare | — | NEW | 新建倉 |
| 38 | FLR 1.125 08-15-29債券 | Fluor CORP | — | NEW | 新建倉 |
| 39 | FOUR 0.5 08-01-27債券 | Shift4 Payments Inc | — | NEW | 新建倉 |
| 40 | MARA 0 03-01-30債券 | Mara Holdings Inc | — | NEW | 新建倉 |
| 41 | MSTR 0 12-01-29債券 | Strategy Inc | — | NEW | 新建倉 |
| 42 | CLSK 0 06-15-30債券 | Cleanspark Inc | — | NEW | 新建倉 |
| 43 | UGI 5 06-01-28債券 | Ugi CORP | — | EXIT | 清倉 |
| 44 | S9Q | Spirit Aerosystems Hold-cl A | — | EXIT | 清倉 |
| 45 | IREN 3.25 06-15-30債券 | Iren LTD | — | NEW | 新建倉 |
| 46 | BA 6 10-15-27債券 | Boeing Co/the | — | EXIT | 清倉 |
| 47 | MARA 0 06-01-31債券 | Mara Holdings Inc | — | NEW | 新建倉 |
| 48 | AGCN 0.375 01-15-27債券 | First Majestic Silver | — | EXIT | 清倉 |
| 49 | FLNC 2.25 06-15-30債券 | Fluence Energy Inc | — | NEW | 新建倉 |
| 50 | ITRI 1.375 07-15-30債券 | Itron Inc | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，Wolverine Asset Management LLC 在 Q4 2025 季度的美股持倉總市值約為 US$113.8億，共申報了 1360 個公開持股部位。
在 Q4 2025 季度，Wolverine Asset Management LLC 按市值排列的前三大核心持股分別為：BABA 0.5 06-01-31 (3.0%)、IREN (2.9%)、BA (2.5%)。其中最大持股部位 BABA 0.5 06-01-31 佔據整體投資組合約 3.0% 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
GH 1.25 02-15-31
市值: US$1.1億
本季最大獲利了結 / 清倉標的
SEALTD 2.375 12-01-25
前期市值: US$2.0億
在 Q4 2025 季度中，Wolverine Asset Management LLC 共進行了 46 項持倉異動，包含新建倉 12 個部位、加碼 11 個部位、減碼 16 個部位以及清倉 7 個部位。 其中最大新建倉標的為 GH 1.25 02-15-31。 本季清倉部位包含 SEALTD 2.375 12-01-25。
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。