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Ovata Capital Management Ltd

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13F filer, CIK 1724517, HONG KONG, Hong Kong

Ovata Capital Management Ltd reported $462,104,179 across 45 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-06. Its ten largest share positions make up 71.79% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001724517-25-000005

Period
2025-06-30
Reported value
$462M
Holdings
45
Top 10 weight
71.79%
New
18
Sold out
12

Part of the filer group Ovata Capital Management Ltd

How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
ALIBABA GROUP HLDG LTDnew+42,000,000$53.5M
FBTCnew+295,558$27.7M
BTCnew+567,872$27.1M
RYAAYnew+428,055$24.7M
IBITadded+381,337$23.3M

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
HDBreduced-437,684-$33.7M
ASXreduced-611,800-$6.37M
SPRINGWORKS THERAPEUTICS INCexited-95,664-$4.22M
PDD HOLDINGS INCreduced-4,000,000-$3.91M
KGSexited-100,000-$3.73M

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, Q2 2025

Share positions as resolved from 13F-HR 0001724517-25-000005, largest first. % of portfolio is the value over $462,104,179, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
IBITISHARES BITCOIN TRUST ETFQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 600,268 shares; 2024Q4: 421,268 shares; 2025Q1: 761,468 shares; 2025Q2: 1,142,805 shares 1,142,805$69.8M15.1%+381,337Timeline
ALIBABA GROUP HLDG LTDALIBABA GROUP HLDG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 42,000,000 shares 42,000,000$53.5M11.58%new
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 199,479 shares; 2025Q2: 218,258 shares 218,258$48.2M10.44%+18,779Timeline
HDBHDFC BANK LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 363,920 shares; 2024Q4: 690,320 shares; 2025Q1: 817,880 shares; 2025Q2: 380,196 shares 380,196$29.3M6.34%-437,684Timeline
FBTCFIDELITY WISE ORIGIN BITCOINQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 862,940 shares; 2024Q4: 336,658 shares; 2025Q1: not reported; 2025Q2: 295,558 shares 295,558$27.7M6%newTimeline
BTCGRAYSCALE BITCOIN MINI TR ETQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 60,460 shares; 2025Q1: not reported; 2025Q2: 567,872 shares 567,872$27.1M5.87%newTimeline
RYAAYRYANAIR HOLDINGS PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 428,055 shares 428,055$24.7M5.35%newTimeline
INFYINFOSYS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 590,064 shares; 2024Q4: 599,039 shares; 2025Q1: 961,511 shares; 2025Q2: 1,160,848 shares 1,160,848$21.7M4.69%+199,337Timeline
BABAALIBABA GROUP HLDG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 79,663 shares; 2025Q2: 142,342 shares 142,342$15.9M3.45%+62,679Timeline
H WORLD GROUP LTDH WORLD GROUP LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 13,000,000 shares; 2024Q4: 12,000,000 shares; 2025Q1: 12,000,000 shares; 2025Q2: 13,000,000 shares 13,000,000$13.8M2.98%+1,000,000
JD.COM INCJD.COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 12,000,000 shares 12,000,000$12.5M2.71%new
WEIBO CORPWEIBO CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 2,000,000 shares; 2025Q1: 10,000,000 shares; 2025Q2: 10,000,000 shares 10,000,000$11.3M2.45%0
AZEK CO INCAZEK CO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 201,908 shares 201,908$11M2.37%new
CASSIMPLIFY EXCHANGE TRADED FUNQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 360,000 shares 360,000$10.9M2.35%newTimeline
ZTO EXPRESS CAYMAN INCZTO EXPRESS CAYMAN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 10,000,000 shares; 2025Q1: 6,500,000 shares; 2025Q2: 9,000,000 shares 9,000,000$8.95M1.94%+2,500,000
TRIP COM GROUP LTDTRIP COM GROUP LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 7,700,000 shares 7,700,000$8.55M1.85%new
RIORIO TINTO PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 102,121 shares; 2024Q4: 110,021 shares; 2025Q1: 98,171 shares; 2025Q2: 132,471 shares 132,471$7.75M1.68%+34,300Timeline
SEA LTDSEA LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 3,631,000 shares 3,631,000$6.45M1.4%new
ASXASE TECHNOLOGY HLDG CO LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 272,200 shares; 2025Q1: 1,212,930 shares; 2025Q2: 601,130 shares 601,130$6.26M1.35%-611,800Timeline
NIO INCNIO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,500,000 shares; 2024Q4: 10,500,000 shares; 2025Q1: 9,500,000 shares; 2025Q2: 9,500,000 shares 9,500,000$6.08M1.32%0
WITWIPRO LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,300,000 shares; 2024Q4: 2,600,000 shares; 2025Q1: 2,600,000 shares; 2025Q2: 1,719,500 shares 1,719,500$5.33M1.15%-880,500Timeline
IBNICICI BK LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 144,100 shares; 2025Q2: 144,100 shares 144,100$4.86M1.05%0Timeline
PKXPOSCO HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 110,485 shares; 2025Q1: 95,000 shares; 2025Q2: 95,000 shares 95,000$4.61M1%0Timeline
WAYFAIR INCWAYFAIR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,500,000 shares; 2024Q4: 8,500,000 shares; 2025Q1: 3,000,000 shares; 2025Q2: 3,000,000 shares 3,000,000$4.06M0.88%0
PDD HOLDINGS INCPDD HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 8,000,000 shares; 2025Q2: 4,000,000 shares 4,000,000$3.91M0.85%-4,000,000
BITBBITWISE BITCOIN ETF TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 469,992 shares; 2024Q4: 390,992 shares; 2025Q1: not reported; 2025Q2: 39,977 shares 39,977$2.34M0.51%newTimeline
NIO INCNIO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,575,000 shares; 2024Q4: 5,575,000 shares; 2025Q1: 3,075,000 shares; 2025Q2: 3,075,000 shares 3,075,000$2.21M0.48%0
PPLIPEOPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 55,098 shares 55,098$2.06M0.45%newTimeline
JBSJBS N.V.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 120,409 shares 120,409$1.76M0.38%newTimeline
HEIHEICO CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 5,000 shares 5,000$1.29M0.28%newTimeline
NTESNETEASE COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 17,700 shares; 2025Q2: 7,700 shares 7,700$1.03M0.22%-10,000Timeline
PANWPALO ALTO NETWORKS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 4,900 shares 4,900$1M0.22%newTimeline
BHPBHP BILLITON LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,000 shares; 2024Q4: 5,900 shares; 2025Q1: 22,622 shares; 2025Q2: 18,701 shares 18,701$897K0.19%-3,921Timeline
WDSWOODSIDE ENERGY GROUP LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 55,600 shares 55,600$858K0.19%newTimeline
TCOMTRIP COM GROUP LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 72,076 shares; 2024Q4: not reported; 2025Q1: 27,493 shares; 2025Q2: 11,493 shares 11,493$668K0.14%-16,000Timeline
GOOGALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 3,600 shares; 2025Q2: 3,600 shares 3,600$639K0.14%0Timeline
CHACHAGEE HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 22,500 shares 22,500$587K0.13%newTimeline
HOLXHOLOGIC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 7,894 shares 7,894$514K0.11%newTimeline
MAMASTERCARD INCORPORATEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 900 shares; 2025Q2: 900 shares 900$506K0.11%0Timeline
BILIBILIBILI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 20,000 shares; 2025Q2: 20,000 shares 20,000$429K0.09%0Timeline
LILI AUTO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 25,600 shares; 2025Q2: 14,000 shares 14,000$382K0.08%-11,600Timeline
NKENIKE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 4,660 shares; 2025Q2: 4,660 shares 4,660$331K0.07%0Timeline
BEYOND MEAT INCBEYOND MEAT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,300,000 shares; 2024Q4: 2,300,000 shares; 2025Q1: 2,300,000 shares; 2025Q2: 2,300,000 shares 2,300,000$203K0.04%0
AGENAGENUS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 40,000 shares; 2024Q4: 40,000 shares; 2025Q1: not reported; 2025Q2: 32,000 shares 32,000$146K0.03%newTimeline
FISCALNOTE HOLDINGS INCFISCALNOTE HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 194,545 shares; 2024Q4: 194,545 shares; 2025Q1: 194,545 shares; 2025Q2: 194,545 shares 194,545$19.3K<0.01%0

Sold out in Q2 2025

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

SecurityShares beforeValue beforeType
SPRINGWORKS THERAPEUTICS INCSPRINGWORKS THERAPEUTICS INC95,664$4.22Mshares
KGSKODIAK GAS SVCS INC100,000$3.73Mshares
LPLALPL FINL HLDGS INC10,000$3.27Mshares
SONYSONY GROUP CORP93,465$2.36Mshares
CUKCARNIVAL PLC118,640$2.08Mshares
LBRDKLIBERTY BROADBAND CORP19,540$1.66Mshares
BWMNBOWMAN CONSULTING GROUP LTD40,000$873Kshares
KOSKOSMOS ENERGY LTD300,000$684Kshares
TTITETRA TECHNOLOGIES INC DEL200,000$672Kshares
NNNEXTNAV INC50,000$608Kshares
NVDANVIDIA CORPORATION2,500$271Kshares
ARMARM HOLDINGS PLC2,045$218Kshares

How Q2 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 0001724517-25-000005 base2025-08-06acceptance time not in the bulk data set