NINE MASTS CAPITAL Ltd
Follow13F filer, CIK 1569356, CENTRAL, Hong Kong
NINE MASTS CAPITAL Ltd reported $243,511,683 across 76 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-13. Its ten largest share positions make up 81.82% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001569356-25-000004
- Period
- 2025-09-30
- Reported value
- $244M
- Holdings
- 76
- Top 10 weight
- 81.82%
- New
- 26
- Sold out
- 44
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| FOXadded | +411,289 | $23.6M |
| CUKnew | +665,643 | $17.6M |
| HDBadded | +474,282 | $16.2M |
| VALEnew | +465,997 | $16.1M |
| GOOGadded | +45,151 | $11M |
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 |
|---|---|---|
| IBITexited | -1,193,390 | -$73M |
| LBRDKexited | -101,209 | -$9.96M |
| HESS CORPexited | -70,000 | -$9.7M |
| TGTexited | -274,000 | -$6.94M |
| RYAAYreduced | -101,322 | -$6.1M |
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 0001569356-25-000004, largest first. % of portfolio is the value over $225,225,458, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| GOOGALPHABET INC | 216,087 | $52.6M | 23.37% | +45,151 | Timeline | ||
| FOXFOX CORP | 632,375 | $36.2M | 16.09% | +411,289 | Timeline | ||
| HDBHDFC BANK LTD | 568,939 | $19.4M | 8.63% | +474,282 | Timeline | ||
| CUKCARNIVAL PLC | 665,643 | $17.6M | 7.81% | new | Timeline | ||
| VALEVALE S A | 465,997 | $16.1M | 7.13% | new | Timeline | ||
| MR COOPER GROUP INCMR COOPER GROUP INC | 48,789 | $10.3M | 4.57% | new | |||
| RYAAYRYANAIR HOLDINGS PLC | 168,510 | $10.1M | 4.51% | -101,322 | Timeline | ||
| ASXASE TECHNOLOGY HLDG CO LTD | 841,686 | $9.33M | 4.14% | +189,318 | Timeline | ||
| DEODIAGEO PLC | 78,872 | $7.53M | 3.34% | new | Timeline | ||
| ISRLFISRAEL ACQUISITIONS CORP CL A | 400,000 | $5.04M | 2.24% | new | Timeline | ||
| BIDUBAIDU INC | 36,004 | $4.93M | 2.19% | new | Timeline | ||
| ELMEELME COMMUNITIES | 247,242 | $4.17M | 1.85% | new | Timeline | ||
| FYBRFRONTIER COMMUNICATIONS PARE | 102,381 | $3.82M | 1.7% | -4,000 | Timeline | ||
| GRNDGRINDR INC | 241,300 | $3.62M | 1.61% | -74,586 | Timeline | ||
| BIPCBROOKFIELD INFRASTRUCTURE CO | 65,261 | $2.68M | 1.19% | new | Timeline | ||
| TXNMTXNM ENERGY INC | 42,000 | $2.38M | 1.05% | +22,432 | Timeline | ||
| LILI AUTO INC | 69,296 | $1.81M | 0.8% | new | Timeline | ||
| SHOPSHOPIFY INC | 11,000 | $1.63M | 0.73% | new | Timeline | ||
| HLNHALEON PLC | 163,003 | $1.46M | 0.65% | new | Timeline | ||
| NOWSERVICENOW INC | 1,317 | $1.21M | 0.54% | -835 | Timeline | ||
| DVNDEVON ENERGY CORP NEW | 29,868 | $1.05M | 0.46% | 0 | Timeline | ||
| TTDTHE TRADE DESK INC | 19,000 | $931K | 0.41% | -1,500 | Timeline | ||
| XOMEXXON MOBIL CORP | 7,941 | $895K | 0.4% | +4,500 | Timeline | ||
| XPEVXPENG INC | 30,887 | $739K | 0.33% | -45,363 | Timeline | ||
| VVRINVESCO SR INCOME TR | 175,438 | $607K | 0.27% | new | Timeline | ||
| SCHWCHARLES SCHWAB CORP (THE) | 5,809 | $555K | 0.25% | -2,553 | Timeline | ||
| LYBLYONDELLBASELL INDUSTRIES NV | 10,765 | $528K | 0.23% | new | Timeline | ||
| WDSWOODSIDE ENERGY GROUP LTD | 34,317 | $523K | 0.23% | 0 | Timeline | ||
| XFLTXAI OCTAGON FLOATING RATE & AL | 94,820 | $503K | 0.22% | new | Timeline | ||
| RELXRELX PLC | 9,284 | $443K | 0.2% | new | Timeline | ||
| AXPAMERICAN EXPRESS CO | 938 | $312K | 0.14% | -1,346 | Timeline | ||
| WFWOORI FINL GROUP INC | 4,868 | $273K | 0.12% | new | Timeline | ||
| AMCOR PLCAMCOR PLC | 33,000 | $270K | 0.12% | 0 | |||
| RBLXROBLOX CORP | 1,851 | $256K | 0.11% | new | Timeline | ||
| DDOGDATADOG INC | 883 | $126K | 0.06% | -3,916 | 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 |
|---|---|---|---|---|
| VALEVALE S A SPONSORED ADS | call | 100,000 | $5.21M | new |
| SPYSTATE STR SPDR S&P 500 ETF T SHS | call | 200,000 | $2.46M | +10,000 |
| UUNITY SOFTWARE INC Stock | call | 100,000 | $1.57M | 0 |
| WBDWARNER BROS DISCOVERY INC Stock | call | 175,000 | $1.37M | 0 |
| TTDTHE TRADE DESK INC STOK | put | 20,500 | $1.35M | 0 |
| PDDPDD HOLDINGS INC ADR | call | 39,500 | $1.34M | 0 |
| NFLXNETFLIX INC. COM | call | 2,000 | $638K | 0 |
| VALEVALE S A SPONSORED ADS | put | 19,700 | $624K | -300 |
| TGTTARGET CORP Stock | call | 25,000 | $556K | new |
| AAPLAPPLE INC COM | call | 16,000 | $389K | 0 |
| NOWSERVICENOW INC COM | put | 1,500 | $338K | -2,000 |
| NFENEW FORTRESS ENERGY INC COM CL A | put | 1,722,200 | $301K | new |
| AMDADVANCED MICRO DEVICES INC COM | call | 15,000 | $247K | -17,800 |
| DDOGDATADOG INC STOK | put | 20,300 | $239K | 0 |
| DDOGDATADOG INC STOK | call | 10,000 | $217K | 0 |
| AMDADVANCED MICRO DEVICES INC COM | put | 16,500 | $179K | -38,200 |
| DVNDEVON ENERGY CORP NEW Stock | put | 66,400 | $168K | 0 |
| MDTMEDTRONIC PLC COM | call | 30,000 | $168K | +10,000 |
| XBISPDR SERIES TRUST S&P BIOTECH | put | 20,000 | $146K | 0 |
| GEHCGE HEALTHCARE TECHNOLOGIES I Stock | put | 15,900 | $118K | new |
| XOMEXXON MOBIL CORP COM | put | 11,500 | $109K | 0 |
| AAPLAPPLE INC COM | put | 31,800 | $90.6K | 0 |
| SPYSTATE STR SPDR S&P 500 ETF T SHS | put | 20,000 | $69.3K | +5,000 |
| MDTMEDTRONIC PLC COM | put | 10,000 | $50.8K | -5,900 |
| AXPAMERICAN EXPRESS CO COM | put | 7,200 | $41.4K | 0 |
| SCHWCHARLES SCHWAB CORP (THE) COM | put | 31,500 | $37.2K | 0 |
| GEHCGE HEALTHCARE TECHNOLOGIES I Stock | call | 20,000 | $36K | new |
| XBISPDR SERIES TRUST S&P BIOTECH | call | 20,000 | $35.3K | 0 |
| CCLCARNIVAL CORP Stock | put | 3,000,000 | $30K | 0 |
| WBDWARNER BROS DISCOVERY INC Stock | put | 210,000 | $24.1K | 0 |
| PDDPDD HOLDINGS INC ADR | put | 40,000 | $23.8K | 0 |
| NFLXNETFLIX INC. COM | put | 3,200 | $23.7K | 0 |
| LINLINDE PLC COM | put | 50,700 | $21.5K | +36,400 |
| UUNITY SOFTWARE INC Stock | put | 100,000 | $20.5K | -2,700 |
| TGTTARGET CORP Stock | put | 27,500 | $19.5K | new |
| KKELLANOVA COM | put | 40,000 | $13K | new |
| XOMEXXON MOBIL CORP COM | call | 8,200 | $6.44K | 0 |
| RBLXROBLOX CORP Stock | put | 11,000 | $4.67K | -44,000 |
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 | 4,350 | $4.57M | -16,150 |
| LIBERTY INTERACTIVE LLCLIBERTY INTERACTIVE LLC DEB 3.750% 2/1 | principal | 4,800 | $444K | new |
| LIBERTY INTERACTIVE LLCLIBERTY INTERACTIVE LLC DEB 4.000%11/1 | principal | 2,127 | $202K | new |
Sold out in Q3 2025
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| IBITISHARES BITCOIN TRUST ETF | 1,193,390 | $73M | shares |
| LBRDKLIBERTY BROADBAND CORP | 101,209 | $9.96M | shares |
| HESS CORPHESS CORP | 70,000 | $9.7M | shares |
| TGTTARGET CORP | 274,000 | $6.94M | shares |
| BEPBROOKFIELD RENEWABLE ENERGY | 217,639 | $5.55M | shares |
| EWEDWARDS LIFESCIENCES CORP | 400,000 | $5.06M | shares |
| KKELLANOVA | 56,783 | $4.52M | shares |
| JDJD.COM INC | 101,873 | $3.33M | shares |
| AAPLAPPLE INC | 15,742 | $3.23M | shares |
| MAGSLISTED FDS TR | 53,725 | $2.98M | shares |
| BRK-ABERKSHIRE HATHAWAY INC DEL | 4 | $2.92M | shares |
| ANSYS INCANSYS INC | 7,065 | $2.48M | shares |
| RBLXROBLOX CORP | 40,000 | $1.85M | call |
| MMYTMAKEMYTRIP LIMITED MAURITIUS | 15,600 | $1.53M | shares |
| WALGREENS BOOTS ALLIANCE INCWALGREENS BOOTS ALLIANCE INC | 123,000 | $1.41M | shares |
| NV5 HOLDINGS, INCNV5 HOLDINGS, INC | 59,774 | $1.38M | shares |
| INTERPUBLIC GROUP COSINTERPUBLIC GROUP COS | 49,330 | $1.21M | shares |
| SKXSKECHERS U S A INC | 19,087 | $1.2M | shares |
| CNACNA FINL CORP | 24,790 | $1.15M | shares |
| EXPEEXPEDIA GROUP INC | 6,583 | $1.11M | shares |
| NVDANVIDIA CORPORATION | 6,357 | $1M | shares |
| SPRSPIRIT AEROSYSTEMS HLDGS INC | 25,405 | $969K | shares |
| YUMCYUM CHINA HLDGS INC | 20,038 | $897K | shares |
| BLUEPRINT MEDICINES CORPBLUEPRINT MEDICINES CORP | 6,000 | $769K | shares |
| MDTMEDTRONIC PLC | 7,643 | $666K | shares |
| ALEALLETE INC | 8,588 | $550K | shares |
| UBERUBER TECHNOLOGIES INC | 25,000 | $522K | call |
| CORZCORE SCIENTIFIC INC NEW | 30,000 | $512K | shares |
| ZEEKR INTELLIGENT TECHNOLOGYZEEKR INTELLIGENT TECHNOLOGY | 20,000 | $510K | shares |
| TASKTASKUS INC | 30,000 | $503K | shares |
| AMLPALPS ETF TR | 10,100 | $493K | shares |
| TELUS INTL CDA INCTELUS INTL CDA INC | 130,000 | $472K | shares |
| HOLXHOLOGIC INC | 7,000 | $456K | shares |
| AMDADVANCED MICRO DEVICES INC | 2,822 | $400K | shares |
| DUN & BRADSTREET HLDGS INCDUN & BRADSTREET HLDGS INC | 37,475 | $341K | shares |
| GEHCGE HEALTHCARE TECHNOLOGIES I | 4,316 | $320K | shares |
| DKSDICKS SPORTING GOODS INC | 10,400 | $139K | call |
| ISLWFISRAEL ACQUISITIONS CORP WT EX | 400,000 | $89K | principal |
| UBERUBER TECHNOLOGIES INC | 27,500 | $73.4K | put |
| LINLINDE PLC | 11,000 | $58.3K | call |
| NOWSERVICENOW INC | 2,000 | $45.9K | call |
| FISCALNOTE HOLDINGS INCFISCALNOTE HOLDINGS INC | 299,447 | $29.8K | principal |
| WBDWARNER BROS DISCOVERY INC | 2,062 | $23.6K | shares |
| PRENWPRENETICS GLOBAL LTD | 362,456 | $14.2K | principal |
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).
| Filing | Role | Amendment | Filed | Accepted | Ingested |
|---|---|---|---|---|---|
| 13F-HR 0001569356-25-000004 | base | 2025-11-13 | acceptance time not in the bulk data set |