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Athos Capital Ltd

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13F filer, CIK 1681662, HONG KONG, Hong Kong

Athos Capital Ltd reported $159,621,000 across 32 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-13. Its ten largest share positions make up 91.35% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001681662-25-000006

Period
2025-09-30
Reported value
$160M
Holdings
32
Top 10 weight
91.35%
New
11
Sold out
16

Largest buys vs the previous quarter

SecurityShares changeApprox. value
BEKEnew+2,500,000$47.5M
KVUEnew+2,500,000$40.6M
GTLSnew+57,860$11.6M
LBRDKnew+169,122$10.7M
TXNMnew+142,842$8.08M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
SKXexited-182,588-$11.5M
Kreduced-53,745-$4.41M
GLOBAL BLUE GROUP HOLDING A…exited-500,000-$3.73M
ANSYS INCexited-10,500-$3.69M
JUNIPER NETWORKS INCexited-80,999-$3.23M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0001681662-25-000006, largest first. % of portfolio is the value over $154,806,000, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
BEKEKE HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 2,500,000 shares 2,500,000$47.5M30.68%newTimeline
KVUEKENVUE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 2,500,000 shares 2,500,000$40.6M26.21%newTimeline
GTLSCHART INDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 57,860 shares 57,860$11.6M7.48%newTimeline
LBRDKLIBERTY BROADBAND CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 60,000 shares; 2024Q4: 57,900 shares; 2025Q1: 57,900 shares; 2025Q2: not reported; 2025Q3: 169,122 shares 169,122$10.7M6.94%newTimeline
TXNMTXNM ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 142,842 shares 142,842$8.08M5.22%newTimeline
MERUS N VMERUS N VQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 80,000 shares 80,000$7.53M4.87%new
NSCNORFOLK SOUTHN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 20,000 shares 20,000$6.01M3.88%newTimeline
JOYYJOYY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 54,900 shares; 2024Q4: 54,900 shares; 2025Q1: 54,900 shares; 2025Q2: 54,900 shares; 2025Q3: 59,633 shares 59,633$3.5M2.26%+4,733Timeline
KKELLANOVAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 90,500 shares; 2024Q4: 90,500 shares; 2025Q1: 90,500 shares; 2025Q2: 90,500 shares; 2025Q3: 36,755 shares 36,755$3.02M1.95%-53,745Timeline
CHACHAGEE HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 162,800 shares; 2025Q3: 174,332 shares 174,332$2.88M1.86%+11,532Timeline
FACTUFACT II ACQUISITION CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 250,000 shares; 2025Q1: 250,000 shares; 2025Q2: 250,000 shares; 2025Q3: 250,000 shares 250,000$2.6M1.68%0Timeline
TASKTASKUS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 200,000 shares; 2025Q3: 144,179 shares 144,179$2.57M1.66%-55,821Timeline
PNFPPINNACLE FINANCIAL PARTNERSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 22,573 shares 22,573$2.12M1.37%newTimeline
DYNCUDYNAMIX CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 250,000 shares; 2025Q1: 250,000 shares; 2025Q2: 250,000 shares; 2025Q3: 125,000 shares 125,000$1.44M0.93%-125,000Timeline
BEAGUBOLD EAGLE ACQUISITION CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 100,000 shares; 2025Q1: 100,000 shares; 2025Q2: 100,000 shares; 2025Q3: 100,000 shares 100,000$1.07M0.69%0Timeline
INTERPUBLIC GROUP COSINTERPUBLIC GROUP COSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 25,000 shares; 2025Q2: 25,000 shares; 2025Q3: 26,819 shares 26,819$749K0.48%+1,819
OACCUOAKTREE ACQUISITION CORP IIIQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 50,000 shares; 2025Q1: 50,000 shares; 2025Q2: 50,000 shares; 2025Q3: 50,000 shares 50,000$533K0.34%0Timeline
HUYAHUYA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 127,346 shares; 2024Q4: 127,346 shares; 2025Q1: 127,346 shares; 2025Q2: 127,346 shares; 2025Q3: 138,290 shares 138,290$461K0.3%+10,944Timeline
LANVIN GROUP HOLDINGS LIMITELANVIN GROUP HOLDINGS LIMITEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 157,703 shares; 2024Q4: 157,703 shares; 2025Q1: 157,703 shares; 2025Q2: 157,703 shares; 2025Q3: 157,703 shares 157,703$328K0.21%0
LEGTULEGATO MERGER CORP IIIQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 25,000 shares; 2024Q4: 25,000 shares; 2025Q1: 25,000 shares; 2025Q2: 25,000 shares; 2025Q3: 25,000 shares 25,000$271K0.18%0Timeline
CHURCHILL CAPITAL CORP IXCHURCHILL CAPITAL CORP IXQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 25,000 shares; 2024Q4: 25,000 shares; 2025Q1: 25,000 shares; 2025Q2: 25,000 shares; 2025Q3: 25,000 shares 25,000$267K0.17%0
ECXWWECARX HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 92,368 shares; 2024Q4: 92,368 shares; 2025Q1: 92,368 shares; 2025Q2: 92,368 shares; 2025Q3: 92,368 shares 92,368$186K0.12%0Timeline
TGEWSGENERATION ESSENTIALS GROUPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 83,331 shares; 2025Q3: 83,331 shares 83,331$178K0.11%0Timeline
DOYUDOUYU INTL HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 19,925 shares; 2024Q4: 19,925 shares; 2025Q1: 19,925 shares; 2025Q2: 19,925 shares; 2025Q3: 21,563 shares 21,563$162K0.1%+1,638Timeline
SOHUSOHU COM LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 8,857 shares 8,857$138K0.09%newTimeline
MRNOWMURANO GLOBAL INVT PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 42,840 shares; 2024Q4: 42,840 shares; 2025Q1: 42,840 shares; 2025Q2: 42,840 shares; 2025Q3: 42,840 shares 42,840$110K0.07%0Timeline
CORZCORE SCIENTIFIC INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 4,221 shares 4,221$76K0.05%newTimeline
SPWRWSUNPOWER INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 28,420 shares; 2024Q4: 28,420 shares; 2025Q1: 28,420 shares; 2025Q2: 28,420 shares; 2025Q3: 28,420 shares 28,420$50K0.03%0Timeline
SDSTWSTARDUST PWR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,378 shares; 2024Q4: 11,378 shares; 2025Q1: 11,378 shares; 2025Q2: 11,378 shares; 2025Q3: 11,378 shares 11,378$35K0.02%0Timeline
CPTWFCAPTIVISION INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 32,075 shares; 2024Q4: 32,075 shares; 2025Q1: 32,075 shares; 2025Q2: 32,075 shares; 2025Q3: 32,075 shares 32,075$26K0.02%0Timeline
COCHWENVOY MEDICAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 28,588 shares; 2024Q4: 28,588 shares; 2025Q1: 28,588 shares; 2025Q2: 28,588 shares; 2025Q3: 28,588 shares 28,588$22K0.01%0Timeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
PZZAPAPA JOHNS INTL INC COMcall100,000$4.82Mnew

Sold out in Q3 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
SKXSKECHERS U S A INC182,588$11.5Mshares
GLOBAL BLUE GROUP HOLDING A…GLOBAL BLUE GROUP HOLDING AG ORD …500,000$3.73Mshares
ANSYS INCANSYS INC10,500$3.69Mshares
JUNIPER NETWORKS INCJUNIPER NETWORKS INC80,999$3.23Mshares
FOOT LOCKER INCFOOT LOCKER INC130,000$3.19Mshares
NV5 HOLDINGS, INCNV5 HOLDINGS, INC130,000$3Mshares
PARAMOUNT GLOBALPARAMOUNT GLOBAL200,000$2.58Mshares
ZEEKR INTELLIGENT TECHNOLOGYZEEKR INTELLIGENT TECHNOLOGY100,638$2.57Mshares
BLUEPRINT MEDICINES CORPBLUEPRINT MEDICINES CORP20,000$2.56Mshares
SPRINGWORKS THERAPEUTICS INCSPRINGWORKS THERAPEUTICS INC50,000$2.35Mshares
Chenghe Acquisition II CoChenghe Acquisition II Co37,499$337Kshares
SUMMIT HEALTHCARE ACQUISITI…SUMMIT HEALTHCARE ACQUISITION128,981$132Kshares
BAERWBRIDGER AEROSPACE GRP HLDGS66,062$127Kshares
ZOOZWZOOZ STRATEGY LTD17,135$17Kshares
ASBPWASPIRE-LAKEWOOD HOLDINGS INC21,383$6Kshares
PIIIWP3 HEALTH PARTNERS INC37,052$5Kshares

How Q3 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001681662-25-000006 base2025-11-13acceptance time not in the bulk data set