NINE MASTS CAPITAL Ltd
Follow13F filer, CIK 1569356, CENTRAL, Hong Kong
NINE MASTS CAPITAL Ltd reported $150,561,578 across 72 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-13. Its ten largest share positions make up 97.4% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001085146-25-003030
- Period
- 2025-03-31
- Reported value
- $151M
- Holdings
- 72
- Top 10 weight
- 97.4%
- New
- 10
- Sold out
- 109
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| GOOGLnew | +299,274 | $46.3M |
| FOXadded | +116,556 | $6.14M |
| ONCnew | +16,716 | $4.64M |
| ASXadded | +506,770 | $4.44M |
| BABAnew | +21,679 | $2.87M |
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
| Security | Shares change | Approx. value |
|---|---|---|
| IVVexited | -352,000 | -$207M |
| IBITexited | -1,518,200 | -$80.5M |
| SPYexited | -83,000 | -$48.6M |
| HDBreduced | -348,181 | -$23.1M |
| ZGexited | -163,658 | -$11.6M |
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, Q1 2025
Share positions as resolved from 13F-HR 0001085146-25-003030, largest first. % of portfolio is the value over $131,998,561, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| GOOGLALPHABET INC | 299,274 | $46.3M | 35.06% | new | Timeline | ||
| HDBHDFC BANK LTD | 240,457 | $16M | 12.1% | -348,181 | Timeline | ||
| ASXASE TECHNOLOGY HLDG CO LTD | 1,669,622 | $14.6M | 11.08% | +506,770 | Timeline | ||
| BRK-ABERKSHIRE HATHAWAY INC DEL | 16 | $12.8M | 9.68% | -8 | Timeline | ||
| FOXFOX CORP | 160,000 | $8.43M | 6.39% | +116,556 | Timeline | ||
| ONCBEONE MEDICINES LTD | 16,716 | $4.64M | 3.52% | new | Timeline | ||
| BABAALIBABA GROUP HLDG LTD | 21,679 | $2.87M | 2.17% | new | Timeline | ||
| TCOMTRIP COM GROUP LTD | 40,000 | $2.54M | 1.92% | +20,555 | Timeline | ||
| ZLABZAI LAB LTD | 50,500 | $1.85M | 1.4% | new | Timeline | ||
| LILI AUTO INC | 40,030 | $1.02M | 0.77% | -234,370 | Timeline | ||
| XPEVXPENG INC | 27,650 | $560K | 0.42% | new | Timeline |
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).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| SPYSTATE STR SPDR S&P 500 ETF T SHS | call | 190,000 | $3.29M | -135,000 |
| TTDTHE TRADE DESK INC STOK | put | 20,500 | $1.23M | 0 |
| ADBEADOBE INC COM | put | 6,500 | $1.14M | 0 |
| DDOGDATADOG INC STOK | put | 20,300 | $879K | 0 |
| AMDADVANCED MICRO DEVICES INC COM | put | 15,000 | $859K | -54,700 |
| LINLINDE PLC COM | put | 60,000 | $741K | +42,500 |
| UUNITY SOFTWARE INC Stock | put | 100,000 | $585K | -22,700 |
| AAPLAPPLE INC COM | put | 31,800 | $532K | 0 |
| XBISPDR SERIES TRUST S&P BIOTECH | put | 20,000 | $482K | 0 |
| SHOPSHOPIFY INC CL A SUB VTG SHS | call | 33,000 | $460K | 0 |
| NOWSERVICENOW INC COM | put | 1,500 | $457K | -3,500 |
| VALEVALE S A SPONSORED ADS | put | 20,000 | $446K | -243,200 |
| ABNBAIRBNB INC COM | put | 20,000 | $441K | 0 |
| AMZNAMAZON COM INC COM | put | 12,400 | $440K | 0 |
| EXPEEXPEDIA GROUP INC Stock | put | 14,300 | $392K | 0 |
| RBLXROBLOX CORP Stock | put | 44,000 | $333K | -11,000 |
| RBLXROBLOX CORP Stock | call | 40,000 | $333K | 0 |
| NFLXNETFLIX INC. COM | call | 2,000 | $317K | 0 |
| NFLXNETFLIX INC. COM | put | 3,200 | $309K | new |
| UBERUBER TECHNOLOGIES INC COM | put | 27,500 | $276K | 0 |
| SCHWCHARLES SCHWAB CORP (THE) COM | put | 31,500 | $266K | 0 |
| UUNITY SOFTWARE INC Stock | call | 100,000 | $264K | 0 |
| AAPLAPPLE INC COM | call | 16,000 | $259K | 0 |
| AXPAMERICAN EXPRESS CO COM | put | 7,200 | $259K | new |
| WBDWARNER BROS DISCOVERY INC Stock | put | 210,000 | $248K | 0 |
| WBDWARNER BROS DISCOVERY INC Stock | call | 175,000 | $242K | 0 |
| SHOPSHOPIFY INC CL A SUB VTG SHS | put | 30,000 | $232K | 0 |
| UBERUBER TECHNOLOGIES INC COM | call | 25,000 | $227K | 0 |
| ADSKAUTODESK INC Stock | put | 8,800 | $224K | 0 |
| DVNDEVON ENERGY CORP NEW Stock | put | 66,400 | $205K | 0 |
| WDCWESTERN DIGITAL CORP COM | put | 18,600 | $196K | 0 |
| XLISELECT SECTOR SPDR TR INDL | call | 72,000 | $173K | 0 |
| CTSHCOGNIZANT TECHNOLOGY SOLUTIO Stock | put | 30,000 | $162K | new |
| LINLINDE PLC COM | call | 20,000 | $146K | -13,000 |
| HONHONEYWELL INTL INC COM | call | 43,000 | $131K | 0 |
| DDDUPONT DE NEMOURS INC Stock | put | 15,000 | $127K | 0 |
| EXPEEXPEDIA GROUP INC Stock | call | 11,000 | $124K | 0 |
| DISDISNEY WALT CO COM | put | 14,000 | $121K | 0 |
| PATHUIPATH INC CL A | put | 38,500 | $116K | 0 |
| MDTMEDTRONIC PLC COM | put | 15,900 | $114K | -14,100 |
| WDAYWORKDAY INC Stock | put | 6,000 | $113K | 0 |
| TGTTARGET CORP Stock | put | 11,500 | $109K | -500 |
| WDAYWORKDAY INC Stock | call | 6,000 | $88.2K | 0 |
| ADSKAUTODESK INC Stock | call | 8,000 | $78.8K | 0 |
| DDOGDATADOG INC STOK | call | 10,000 | $78.5K | 0 |
| CTSHCOGNIZANT TECHNOLOGY SOLUTIO Stock | call | 33,000 | $60.2K | new |
| DISDISNEY WALT CO COM | call | 15,000 | $49.5K | 0 |
| MDTMEDTRONIC PLC COM | call | 5,000 | $38.5K | -10,000 |
| SNOWSNOWFLAKE INC Stock | call | 13,000 | $37.9K | 0 |
| ABNBAIRBNB INC COM | call | 10,000 | $28.1K | 0 |
| XBISPDR SERIES TRUST S&P BIOTECH | call | 20,000 | $26.7K | 0 |
| FCXFREEPORT MCMORAN INC Stock | call | 50,000 | $19.8K | -50,000 |
| NOWSERVICENOW INC COM | call | 2,000 | $19.1K | 0 |
| DDDUPONT DE NEMOURS INC Stock | call | 15,000 | $12.4K | new |
| AMZNAMAZON COM INC COM | call | 9,000 | $7.61K | 0 |
| WDCWESTERN DIGITAL CORP COM | call | 12,500 | $6.69K | 0 |
| AMDADVANCED MICRO DEVICES INC COM | call | 7,500 | $2.51K | -32,800 |
| ADBEADOBE INC COM | call | 5,000 | $2.08K | 0 |
| PATHUIPATH INC CL A | call | 22,500 | $1.8K | 0 |
Principal amounts
Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| NIO INCNIO INC NOTE 4.625%10/1 | principal | 15,000 | $10.5M | +10,000 |
| PDD HOLDINGS INCPDD HOLDINGS INC NOTE 12/0 | principal | 10,000 | $9.95M | +7,000 |
Sold out in Q1 2025
Positions in the previous quarter's report that this quarter's report no longer lists.
The largest 100 of 109. All 109
| Security | Shares before | Value before | Type |
|---|---|---|---|
| IVVISHARES TR | 352,000 | $207M | shares |
| IBITISHARES BITCOIN TRUST ETF | 1,518,200 | $80.5M | shares |
| SPYSTATE STR SPDR S&P 500 ETF T | 83,000 | $48.6M | shares |
| NIO INCNIO INC | 17,700 | $17.5M | principal |
| ZGZILLOW GROUP INC | 163,658 | $11.6M | shares |
| NWSANEWS CORP NEW | 364,396 | $10M | shares |
| ISRLFISRAEL ACQUISITIONS CORP CL A | 400,000 | $4.52M | shares |
| NDMONUVEEN DYNAMIC MUN OPPORTUNI | 427,617 | $4.28M | shares |
| BBNBLACKROCK TAX MUNICPAL BD TR | 218,463 | $3.52M | shares |
| VOOVANGUARD INDEX FDS | 6,464 | $3.48M | shares |
| FCXFREEPORT MCMORAN INC | 85,594 | $3.26M | shares |
| BEPBROOKFIELD RENEWABLE ENERGY | 137,573 | $3.14M | shares |
| BHPBHP BILLITON LIMITED | 60,800 | $2.98M | shares |
| GRINDR INCGRINDR INC | 407,186 | $2.75M | principal |
| AMDADVANCED MICRO DEVICES INC | 21,720 | $2.62M | shares |
| NMCONUVEEN MUN CR OPPORTUNITIES | 233,908 | $2.48M | shares |
| REGNREGENERON PHARMACEUTICALS | 3,393 | $2.42M | shares |
| VALEVALE S A | 253,362 | $2.25M | shares |
| TAT&T INC | 89,287 | $2.03M | shares |
| AERAERCAP HOLDINGS NV | 20,968 | $2.01M | shares |
| EOGEOG RES INC | 15,690 | $1.92M | shares |
| PMLPIMCO MUN INCOME FD II | 236,872 | $1.92M | shares |
| ADBEADOBE INC | 4,236 | $1.88M | shares |
| KHCKRAFT HEINZ CO | 59,990 | $1.84M | shares |
| LINLINDE PLC | 4,369 | $1.83M | shares |
| BTTBLACKROCK MUN TARGET TERM TR | 84,634 | $1.74M | shares |
| COPCONOCOPHILLIPS | 17,487 | $1.73M | shares |
| FCXFREEPORT MCMORAN INC | 135,000 | $1.64M | put |
| SLBSLB LIMITED | 42,461 | $1.63M | shares |
| HYGISHARES TR | 18,972 | $1.49M | shares |
| VKTXVIKING THERAPEUTICS INC | 36,857 | $1.48M | shares |
| GRNDGRINDR INC | 80,000 | $1.43M | shares |
| HASHASBRO INC | 24,190 | $1.35M | shares |
| LEGNLEGEND BIOTECH CORP | 38,466 | $1.25M | shares |
| SCHWCHARLES SCHWAB CORP (THE) | 16,569 | $1.23M | shares |
| MDTMEDTRONIC PLC | 15,112 | $1.21M | shares |
| IWMISHARES TR | 5,300 | $1.17M | shares |
| DVNDEVON ENERGY CORP NEW | 35,299 | $1.16M | shares |
| ACNACCENTURE PLC IRELAND | 2,966 | $1.04M | shares |
| ESIELEMENT SOLUTIONS INC | 38,192 | $971K | shares |
| GTLBGITLAB INC | 15,677 | $883K | shares |
| LWLAMB WESTON HLDGS INC | 11,242 | $751K | shares |
| ACIALBERTSONS COMPANIES INC | 38,000 | $746K | shares |
| REGNREGENERON PHARMACEUTICALS | 3,400 | $706K | put |
| SLBSLB LIMITED | 42,500 | $687K | put |
| INTEGRAL AD SCIENCE HLDNG COINTEGRAL AD SCIENCE HLDNG CO | 64,291 | $671K | shares |
| AEMAGNICO EAGLE MINES LTD | 35,000 | $642K | call |
| TECKTECK RESOURCES LTD | 15,274 | $619K | shares |
| SGRYSURGERY PARTNERS INC | 28,648 | $606K | shares |
| LSPDLIGHTSPEED COMMERCE INC | 38,000 | $579K | shares |
| UNITED STATES STL CORP NEWUNITED STATES STL CORP NEW | 16,943 | $576K | shares |
| INTCINTEL CORP | 28,500 | $571K | shares |
| XOMEXXON MOBIL CORP | 5,295 | $570K | shares |
| TPRTAPESTRY INC | 8,544 | $558K | shares |
| ABNBAIRBNB INC | 4,228 | $556K | shares |
| NUVNUVEEN MUN VALUE FD INC | 64,507 | $554K | shares |
| LLYELI LILLY & CO | 700 | $540K | shares |
| WDSWOODSIDE ENERGY GROUP LTD | 34,317 | $522K | shares |
| BSTBLACKROCK SCIENCE & TECHNOLO | 13,972 | $511K | shares |
| NOWSERVICENOW INC | 471 | $499K | shares |
| TTDTHE TRADE DESK INC | 4,235 | $498K | shares |
| GXOGXO LOGISTICS INCORPORATED | 11,103 | $483K | shares |
| PANWPALO ALTO NETWORKS INC | 2,554 | $465K | shares |
| BKRBAKER HUGHES COMPANY | 70,000 | $441K | call |
| SNOWSNOWFLAKE INC | 20,000 | $428K | put |
| LYBLYONDELLBASELL INDUSTRIES NV | 5,725 | $425K | shares |
| UBERUBER TECHNOLOGIES INC | 6,924 | $418K | shares |
| KHCKRAFT HEINZ CO | 60,000 | $408K | put |
| INCYINCYTE CORP | 5,732 | $396K | shares |
| TMUST-MOBILE US INC | 20,000 | $392K | put |
| MUJBLACKROCK MUNIHLDGS NJ QLTY | 34,224 | $379K | shares |
| TTWOTAKE-TWO INTERACTIVE SOFTWAR | 2,017 | $371K | shares |
| EOGEOG RES INC | 16,000 | $307K | put |
| KWEBKRANESHARES TRUST | 9,985 | $292K | shares |
| NDAQNASDAQ INC | 3,541 | $274K | shares |
| PMOFRANKLIN MUN OPPORTUNITIES T | 26,736 | $271K | shares |
| BLACKROCK INVESTMENT QUALIT…BLACKROCK INVESTMENT QUALITY M | 24,119 | $269K | shares |
| INTERPUBLIC GROUP COSINTERPUBLIC GROUP COS | 9,278 | $260K | shares |
| ANFABERCROMBIE & FITCH CO | 1,691 | $253K | shares |
| NEMNEWMONT CORP | 6,612 | $246K | shares |
| GOOSCANADA GOOSE HLDGS INC | 21,172 | $212K | shares |
| MUCBLACKROCK MUNIHLDNGS CALI | 19,706 | $209K | shares |
| XOMEXXON MOBIL CORP | 11,500 | $195K | put |
| DDDUPONT DE NEMOURS INC | 2,549 | $194K | shares |
| WBDWARNER BROS DISCOVERY INC | 18,127 | $192K | shares |
| APIAGORA INC | 44,000 | $183K | shares |
| LEOBNY MELLON STRATEGIC MUNS IN | 26,608 | $161K | shares |
| GEHCGE HEALTHCARE TECHNOLOGIES I | 20,000 | $137K | call |
| CCLCARNIVAL CORP | 3,000,000 | $135K | put |
| GEHCGE HEALTHCARE TECHNOLOGIES I | 15,900 | $127K | put |
| TGTTARGET CORP | 10,000 | $82.2K | call |
| UNITED STATES STL CORP NEWUNITED STATES STL CORP NEW | 34,200 | $60.9K | call |
| UNITED STATES STL CORP NEWUNITED STATES STL CORP NEW | 12,000 | $55.2K | put |
| FISCALNOTE HOLDINGS INCFISCALNOTE HOLDINGS INC | 299,447 | $46.7K | principal |
| XOMEXXON MOBIL CORP | 8,200 | $26.2K | call |
| WDCWESTERN DIGITAL CORP | 294 | $17.5K | shares |
| INTCINTEL CORP | 483,000 | $16.9K | call |
| ISLWFISRAEL ACQUISITIONS CORP WT EX | 400,000 | $16K | principal |
| DUN & BRADSTREET HLDGS INCDUN & BRADSTREET HLDGS INC | 27,600 | $15.2K | put |
| EOGEOG RES INC | 16,000 | $6K | call |
How Q1 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).
| Filing | Role | Amendment | Filed | Accepted | Ingested |
|---|---|---|---|---|---|
| 13F-HR 0001085146-25-003030 | base | 2025-05-13 | acceptance time not in the bulk data set |