NINE MASTS CAPITAL Ltd Q4 2025 Filing
Filed February 10, 2026
Portfolio Value
$580.7M
Holdings
118
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (118 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | BABA 0.5 06/01/31ALIBABA GROUP HLDG LTD | 63,000 | $98.0M | 16.87% | |
| 2 | IBITISHARES BITCOIN TRUST ETF | 1,889,214 | $93.8M | 16.15% | |
| 3 | SPYSPDR S&P 500 ETF TR | 104,139 | $71.0M | 12.23% | |
| 4 | NSCNORFOLK SOUTHN CORP | 160,852 | $46.4M | 8.00% | |
| 5 | FOXFOX CORP | 653,175 | $42.4M | 7.30% | |
| 6 | NDQINVESCO QQQ TR | 40,453 | $19.0M | 3.27% | |
| 7 | CYBRCYBERARK SOFTWARE LTD | 41,403 | $18.5M | 3.18% | |
| 8 | NIO 4.625 10/15/30NIO INC | 19,250 | $17.0M | 2.93% | |
| 9 | QRVOQORVO INC | 167,956 | $14.2M | 2.44% | |
| 10 | ASXASE TECHNOLOGY HLDG CO LTD | 739,619 | $11.9M | 2.05% | |
| 11 | GSKGSK PLC | 205,929 | $10.1M | 1.74% | |
| 12 | ZZILLOW GROUP INC | 141,496 | $9.7M | 1.66% | |
| 13 | EXASEXACT SCIENCES CORP | 93,717 | $9.5M | 1.64% | |
| 14 | RYAAYRYANAIR HOLDINGS PLC | 131,521 | $9.5M | 1.63% | |
| 15 | JDJD.COM INC | 273,890 | $7.9M | 1.35% | |
| 16 | WBDWARNER BROS DISCOVERY INC | 251,849 | $7.3M | 1.25% | |
| 17 | VRSNVERISIGN INC | 13,548 | $6.8M | 1.17% | |
| 18 | RNAAVIDITY BIOSCIENCES INC | 78,786 | $5.7M | 0.98% | |
| 19 | RNWRENEW ENERGY GLOBAL PLC | 908,549 | $5.1M | 0.88% | |
| 20 | DAYDAYFORCE INC | 73,879 | $5.1M | 0.88% | |
| 21 | PBRPETROLEO BRASILEIRO SA PETRO | 410,245 | $4.9M | 0.84% | |
| 22 | ETHAISHARES ETHEREUM TR | 195,193 | $4.4M | 0.75% | |
| 23 | TXNMTXNM ENERGY INC | 70,981 | $4.2M | 0.72% | |
| 24 | GTLSCHART INDS INC | 19,865 | $4.1M | 0.71% | |
| 25 | HOLXHOLOGIC INC | 50,000 | $3.7M | 0.64% | |
| 26 | KVUEKENVUE INC | 193,863 | $3.3M | 0.58% | |
| 27 | CTLPCANTALOUPE INC | 280,363 | $3.0M | 0.51% | |
| 28 | BIDUNBAIDU INC | 19,811 | $2.6M | 0.45% | |
| 29 | NIONIO INC | 474,500 | $2.4M | 0.42% | |
| 30 | BMTABRITISH AMERN TOB PLC | 34,475 | $2.0M | 0.34% | |
| 31 | JHGJANUS HENDERSON GROUP PLC | 39,523 | $1.9M | 0.32% | |
| 32 | NVDANVIDIA CORPORATION | 9,121 | $1.7M | 0.29% | |
| 33 | CUKCARNIVAL PLC | 55,335 | $1.7M | 0.29% | |
| 34 | CWANCLEARWATER ANALYTICS HLDGS I | 69,323 | $1.7M | 0.29% | |
| 35 | EAELECTRONIC ARTS INC | 8,034 | $1.6M | 0.28% | |
| 36 | CSGSCSG SYS INTL INC | 20,000 | $1.5M | 0.26% | |
| 37 | NFLXNETFLIX INC | 14,117 | $1.3M | 0.23% | |
| 38 | AXTAAXALTA COATING SYS LTD | 40,000 | $1.3M | 0.22% | |
| 39 | MAGSLISTED FDS TR | 18,309 | $1.2M | 0.21% | |
| 40 | SEMRSEMRUSH HLDGS INC | 100,000 | $1.2M | 0.20% | |
| 41 | NOWSERVICENOW INC | 7,605 | $1.2M | 0.20% | |
| 42 | FYBRFRONTIER COMMUNICATIONS PARE | 30,000 | $1.1M | 0.20% | |
| 43 | BIPBROOKFIELD INFRAST PARTNERS | 31,549 | $1.1M | 0.19% | |
| 44 | XOMEXXON MOBIL CORP | 8,486 | $1.0M | 0.18% | |
| 45 | TGNATEGNA INC | 46,030 | $893K | 0.15% | |
| 46 | TWOTWO HBRS INVT CORP | 81,000 | $850K | 0.15% | |
| 47 | LYBLYONDELLBASELL INDUSTRIES N | 19,126 | $828K | 0.14% | |
| 48 | TTDTHE TRADE DESK INC | 20,500 | $778K | 0.13% | |
| 49 | VALEVALE S A | 27,777 | $772K | 0.13% | Put |
| 50 | SEESEALED AIR CORP NEW | 18,243 | $755K | 0.13% | |
| 51 | PDDPDD HOLDINGS INC | 6,586 | $746K | 0.13% | |
| 52 | LINTA 3.75 02/15/30LIBERTY MEDIA CORP DEL | 10,200 | $714K | 0.12% | |
| 53 | AIVAPARTMENT INVT & MGMT CO | 120,000 | $712K | 0.12% | |
| 54 | AM6AMICUS THERAPEUTICS INC | 50,000 | $712K | 0.12% | |
| 55 | IMXIINTERNATIONAL MNY EXPRESS IN | 45,000 | $691K | 0.12% | |
| 56 | ELMEELME COMMUNITIES | 35,453 | $616K | 0.11% | |
| 57 | NTESNETEASE INC | 4,235 | $583K | 0.10% | |
| 58 | AESAES CORP | 38,900 | $557K | 0.10% | |
| 59 | AMCRAMCOR PLC | 65,000 | $542K | 0.09% | |
| 60 | ABVXABIVAX SA | 4,000 | $539K | 0.09% | |
| 61 | WOPWOODSIDE ENERGY GROUP LTD | 34,317 | $535K | 0.09% | |
| 62 | KWKENNEDY-WILSON HOLDINGS INC | 55,295 | $534K | 0.09% | |
| 63 | CSQCALAMOS STRATEGIC TOTAL RETU | 27,663 | $531K | 0.09% | |
| 64 | SKMSK TELECOM CO LTD | 25,748 | $528K | 0.09% | |
| 65 | GEHCGE HEALTHCARE TECHNOLOGIES I | 6,339 | $519K | 0.09% | |
| 66 | SCHWSCHWAB CHARLES CORP | 4,095 | $409K | 0.07% | |
| 67 | VVRINVESCO SR INCOME TR | 122,007 | $398K | 0.07% | |
| 68 | BRWSABA CAPITAL INCOME & OPRNT | 54,542 | $382K | 0.07% | |
| 69 | DVAXDYNAVAX TECHNOLOGIES CORP | 24,629 | $378K | 0.07% | |
| 70 | UBERUBER TECHNOLOGIES INC | 4,141 | $338K | 0.06% | |
| 71 | WFWOORI FINL GROUP INC | 4,868 | $286K | 0.05% | |
| 72 | XFLTXAI OCTAGN FLT RAT & ALT INM | 53,804 | $258K | 0.04% | |
| 73 | MDTMEDTRONIC PLC | 30,300 | $198K | 0.03% | Put |
| 74 | TLYSTILLYS INC | 28,817 | $57K | 0.01% | |
| 75 | LZMLIFEZONE METALS LIMITED | 12,709 | $54K | 0.01% | |
| 76 | SPWHSPORTSMANS WHSE HLDGS INC | 36,922 | $53K | 0.01% | |
| 77 | UEICUNIVERSAL ELECTRS INC | 12,581 | $45K | 0.01% | |
| 78 | RZLVREZOLVE AI PLC | 15,401 | $39K | 0.01% | |
| 79 | RXTRACKSPACE TECHNOLOGY INC | 40,237 | $39K | 0.01% | |
| 80 | CCOCLEAR CHANNEL OUTDOOR HLDGS | 16,940 | $37K | 0.01% | |
| 81 | XRXXEROX HOLDINGS CORP | 16,022 | $37K | 0.01% | |
| 82 | GMGIGOLDEN MATRIX GROUP INC | 46,648 | $37K | 0.01% | |
| 83 | OPADOFFERPAD SOLUTIONS INC | 28,384 | $34K | 0.01% | |
| 84 | KLTRKALTURA INC | 18,812 | $30K | 0.01% | |
| 85 | ADVADVANTAGE SOLUTIONS INC | 34,990 | $30K | 0.01% | |
| 86 | NNBRNN INC | 22,422 | $28K | 0.00% | |
| 87 | MYPSPLAYSTUDIOS INC | 44,494 | $28K | 0.00% | |
| 88 | GETYGETTY IMAGES HOLDINGS INC | 20,968 | $28K | 0.00% | |
| 89 | DHXDHI GROUP INC | 17,854 | $27K | 0.00% | |
| 90 | RDZNROADZEN INC | 11,309 | $27K | 0.00% | |
| 91 | MAPSWM TECHNOLOGY INC | 32,084 | $26K | 0.00% | |
| 92 | BAERBRIDGER AEROSPACE GRP HLDGS | 13,698 | $25K | 0.00% | |
| 93 | HFFGHF FOODS GROUP INC | 11,307 | $24K | 0.00% | |
| 94 | SLQTSELECTQUOTE INC | 16,714 | $23K | 0.00% | |
| 95 | HAINHAIN CELESTIAL GROUP INC | 21,834 | $23K | 0.00% | |
| 96 | LUNGPULMONX CORP | 10,106 | $22K | 0.00% | |
| 97 | ABOSACUMEN PHARMACEUTICALS INC | 10,637 | $22K | 0.00% | |
| 98 | PROKPROKIDNEY CORP | 10,244 | $22K | 0.00% | |
| 99 | OVIDOVID THERAPEUTICS INC | 13,960 | $22K | 0.00% | |
| 100 | BTBTBIT DIGITAL INC | 11,309 | $21K | 0.00% |
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