NINE MASTS CAPITAL Ltd 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
NINE MASTS CAPITAL Ltd disclosed 116 US equity positions worth $580.5m in its Q4 2025 13F filing. The largest position was ALIBABA GROUP HLDG LTD at 16.9% of the reported book, followed by IBIT and SPY. Against the Q3 2025 filing, it opened 37 new positions, added to 7 and reduced 6 among the top 50 holdings.
What did NINE MASTS CAPITAL Ltd own in Q4 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | ALIBABA GROUP HLDG LTD | 16.9% | $98.0m | 63,000 | – | new | |
| 2 | IBIT ISHARES BITCOIN TRUST ETF | 16.2% | $93.8m | 1,889,214 | – | new | |
| 3 | SPY SPDR S&P 500 ETF TR | 12.2% | $71.0m | 104,139 | – | new | |
| 4 | NSC NORFOLK SOUTHN CORP | Industrials | 8.0% | $46.4m | 160,852 | – | new |
| 5 | FOX FOX CORP | Communication Services | 7.3% | $42.4m | 653,175 | 3% | added |
| 6 | QQQ INVESCO QQQ TR | 3.3% | $19.0m | 40,453 | – | new | |
| 7 | CYBERARK SOFTWARE LTD | 3.2% | $18.5m | 41,403 | – | new | |
| 8 | NIO INC | 2.9% | $17.0m | 19,250 | 343% | added | |
| 9 | QRVO QORVO INC | Technology | 2.4% | $14.2m | 167,956 | – | new |
| 10 | ASX ASE TECHNOLOGY HLDG CO LTD | Technology | 2.1% | $11.9m | 739,619 | -12% | reduced |
| 11 | GSK GSK PLC | Healthcare | 1.7% | $10.1m | 205,929 | – | new |
| 12 | Z ZILLOW GROUP INC | Communication Services | 1.7% | $9.7m | 141,496 | – | new |
| 13 | EXK EXACT SCIENCES CORP | Basic Materials | 1.6% | $9.5m | 93,717 | – | new |
| 14 | RYAAY RYANAIR HOLDINGS PLC | Industrials | 1.6% | $9.5m | 131,521 | -22% | reduced |
| 15 | JD JD.COM INC | Consumer Cyclical | 1.4% | $7.9m | 273,890 | – | new |
| 16 | WBD WARNER BROS DISCOVERY INC | Communication Services | 1.3% | $7.3m | 251,849 | – | new |
| 17 | VRSN VERISIGN INC | Technology | 1.2% | $6.8m | 13,548 | – | new |
| 18 | RNAGBP AVIDITY BIOSCIENCES INC | 1.0% | $5.7m | 78,786 | – | new | |
| 19 | RENEW ENERGY GLOBAL PLC | 0.9% | $5.1m | 908,549 | – | new | |
| 20 | DAY DAYFORCE INC | 0.9% | $5.1m | 73,879 | – | new | |
| 21 | PBR PETROLEO BRASILEIRO SA PETRO | Energy | 0.8% | $4.9m | 410,245 | – | new |
| 22 | ETHA ISHARES ETHEREUM TR | 0.8% | $4.4m | 195,193 | – | new | |
| 23 | TXNM TXNM ENERGY INC | Utilities | 0.7% | $4.2m | 70,981 | 69% | added |
| 24 | CHART INDS INC | 0.7% | $4.1m | 19,865 | – | new | |
| 25 | HO1 HOLOGIC INC | 0.6% | $3.7m | 50,000 | – | new | |
| 26 | KVUE KENVUE INC | Consumer Defensive | 0.6% | $3.3m | 193,863 | – | new |
| 27 | UTE0 CANTALOUPE INC | 0.5% | $3.0m | 280,363 | – | new | |
| 28 | BIDU BAIDU INC | Communication Services | 0.4% | $2.6m | 19,811 | -45% | reduced |
| 29 | NIO NIO INC | Consumer Cyclical | 0.4% | $2.4m | 474,500 | – | new |
| 30 | BTI BRITISH AMERN TOB PLC | Consumer Defensive | 0.3% | $2.0m | 34,475 | – | new |
| 31 | JANUS HENDERSON GROUP PLC | 0.3% | $1.9m | 39,523 | – | new | |
| 32 | NVDA NVIDIA CORPORATION | Technology | 0.3% | $1.7m | 9,121 | – | new |
| 33 | CCL CARNIVAL PLC | Consumer Cyclical | 0.3% | $1.7m | 55,335 | -92% | reduced |
| 34 | CWAN CLEARWATER ANALYTICS HLDGS I | Technology | 0.3% | $1.7m | 69,323 | – | new |
| 35 | EA ELECTRONIC ARTS INC | Communication Services | 0.3% | $1.6m | 8,034 | – | new |
| 36 | CSG SYS INTL INC | 0.3% | $1.5m | 20,000 | – | new | |
| 37 | NFLX NETFLIX INC | Communication Services | 0.2% | $1.3m | 14,117 | – | new |
| 38 | AXALTA COATING SYS LTD | 0.2% | $1.3m | 40,000 | – | new | |
| 39 | MAGS LISTED FDS TR | 0.2% | $1.2m | 18,309 | – | new | |
| 40 | SEMREUR SEMRUSH HLDGS INC | 0.2% | $1.2m | 100,000 | – | new | |
| 41 | NOW SERVICENOW INC | Technology | 0.2% | $1.2m | 7,605 | 477% | added |
| 42 | FYBR FRONTIER COMMUNICATIONS PARE | 0.2% | $1.1m | 30,000 | -71% | reduced | |
| 43 | BROOKFIELD INFRAST PARTNERS | 0.2% | $1.1m | 31,549 | – | new | |
| 44 | EXMOC EXXON MOBIL CORP | 0.2% | $1.0m | 8,486 | 7% | added | |
| 45 | TGNA TEGNA INC | 0.2% | $893.4k | 46,030 | – | new | |
| 46 | TWO HBRS INVT CORP | 0.1% | $850.5k | 81,000 | – | new | |
| 47 | LYONDELLBASELL INDUSTRIES N | 0.1% | $828.2k | 19,126 | 78% | added | |
| 48 | TTD THE TRADE DESK INC | Communication Services | 0.1% | $778.2k | 20,500 | 8% | added |
| 49 | VALE VALE S A | Basic Materials | 0.1% | $756.0k | 16,277 | -97% | reduced |
| 50 | SEALED AIR CORP NEW | 0.1% | $755.8k | 18,243 | – | new |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.