NINE MASTS CAPITAL Ltd Q4 2025 Filing

Filed February 10, 2026

Portfolio Value

$580.7M

Holdings

118

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (118 positions)

#StockSharesValue% PortfolioType
1
BABA 0.5 06/01/31ALIBABA GROUP HLDG LTD
63,000$98.0M16.87%
2
IBITISHARES BITCOIN TRUST ETF
1,889,214$93.8M16.15%
3
SPYSPDR S&P 500 ETF TR
104,139$71.0M12.23%
4
NSCNORFOLK SOUTHN CORP
160,852$46.4M8.00%
5
FOXFOX CORP
653,175$42.4M7.30%
6
NDQINVESCO QQQ TR
40,453$19.0M3.27%
7
CYBRCYBERARK SOFTWARE LTD
41,403$18.5M3.18%
819,250$17.0M2.93%
9
QRVOQORVO INC
167,956$14.2M2.44%
10
ASXASE TECHNOLOGY HLDG CO LTD
739,619$11.9M2.05%
11
GSKGSK PLC
205,929$10.1M1.74%
12
ZZILLOW GROUP INC
141,496$9.7M1.66%
13
EXASEXACT SCIENCES CORP
93,717$9.5M1.64%
14
RYAAYRYANAIR HOLDINGS PLC
131,521$9.5M1.63%
15
JDJD.COM INC
273,890$7.9M1.35%
16
WBDWARNER BROS DISCOVERY INC
251,849$7.3M1.25%
17
VRSNVERISIGN INC
13,548$6.8M1.17%
18
RNAAVIDITY BIOSCIENCES INC
78,786$5.7M0.98%
19
RNWRENEW ENERGY GLOBAL PLC
908,549$5.1M0.88%
20
DAYDAYFORCE INC
73,879$5.1M0.88%
21
PBRPETROLEO BRASILEIRO SA PETRO
410,245$4.9M0.84%
22
ETHAISHARES ETHEREUM TR
195,193$4.4M0.75%
23
TXNMTXNM ENERGY INC
70,981$4.2M0.72%
24
GTLSCHART INDS INC
19,865$4.1M0.71%
25
HOLXHOLOGIC INC
50,000$3.7M0.64%
26
KVUEKENVUE INC
193,863$3.3M0.58%
27
CTLPCANTALOUPE INC
280,363$3.0M0.51%
28
BIDUNBAIDU INC
19,811$2.6M0.45%
29
NIONIO INC
474,500$2.4M0.42%
30
BMTABRITISH AMERN TOB PLC
34,475$2.0M0.34%
31
JHGJANUS HENDERSON GROUP PLC
39,523$1.9M0.32%
32
NVDANVIDIA CORPORATION
9,121$1.7M0.29%
33
CUKCARNIVAL PLC
55,335$1.7M0.29%
34
CWANCLEARWATER ANALYTICS HLDGS I
69,323$1.7M0.29%
35
EAELECTRONIC ARTS INC
8,034$1.6M0.28%
36
CSGSCSG SYS INTL INC
20,000$1.5M0.26%
37
NFLXNETFLIX INC
14,117$1.3M0.23%
38
AXTAAXALTA COATING SYS LTD
40,000$1.3M0.22%
39
MAGSLISTED FDS TR
18,309$1.2M0.21%
40
SEMRSEMRUSH HLDGS INC
100,000$1.2M0.20%
41
NOWSERVICENOW INC
7,605$1.2M0.20%
42
FYBRFRONTIER COMMUNICATIONS PARE
30,000$1.1M0.20%
43
BIPBROOKFIELD INFRAST PARTNERS
31,549$1.1M0.19%
44
XOMEXXON MOBIL CORP
8,486$1.0M0.18%
45
TGNATEGNA INC
46,030$893K0.15%
46
TWOTWO HBRS INVT CORP
81,000$850K0.15%
47
LYBLYONDELLBASELL INDUSTRIES N
19,126$828K0.14%
48
TTDTHE TRADE DESK INC
20,500$778K0.13%
49
VALEVALE S A
27,777$772K0.13%Put
50
SEESEALED AIR CORP NEW
18,243$755K0.13%
51
PDDPDD HOLDINGS INC
6,586$746K0.13%
52
LINTA 3.75 02/15/30LIBERTY MEDIA CORP DEL
10,200$714K0.12%
53
AIVAPARTMENT INVT & MGMT CO
120,000$712K0.12%
54
AM6AMICUS THERAPEUTICS INC
50,000$712K0.12%
55
IMXIINTERNATIONAL MNY EXPRESS IN
45,000$691K0.12%
56
ELMEELME COMMUNITIES
35,453$616K0.11%
57
NTESNETEASE INC
4,235$583K0.10%
58
AESAES CORP
38,900$557K0.10%
59
AMCRAMCOR PLC
65,000$542K0.09%
60
ABVXABIVAX SA
4,000$539K0.09%
61
WOPWOODSIDE ENERGY GROUP LTD
34,317$535K0.09%
62
KWKENNEDY-WILSON HOLDINGS INC
55,295$534K0.09%
63
CSQCALAMOS STRATEGIC TOTAL RETU
27,663$531K0.09%
64
SKMSK TELECOM CO LTD
25,748$528K0.09%
65
GEHCGE HEALTHCARE TECHNOLOGIES I
6,339$519K0.09%
66
SCHWSCHWAB CHARLES CORP
4,095$409K0.07%
67
VVRINVESCO SR INCOME TR
122,007$398K0.07%
68
BRWSABA CAPITAL INCOME & OPRNT
54,542$382K0.07%
69
DVAXDYNAVAX TECHNOLOGIES CORP
24,629$378K0.07%
70
UBERUBER TECHNOLOGIES INC
4,141$338K0.06%
71
WFWOORI FINL GROUP INC
4,868$286K0.05%
72
XFLTXAI OCTAGN FLT RAT & ALT INM
53,804$258K0.04%
73
MDTMEDTRONIC PLC
30,300$198K0.03%Put
74
TLYSTILLYS INC
28,817$57K0.01%
75
LZMLIFEZONE METALS LIMITED
12,709$54K0.01%
76
SPWHSPORTSMANS WHSE HLDGS INC
36,922$53K0.01%
77
UEICUNIVERSAL ELECTRS INC
12,581$45K0.01%
78
RZLVREZOLVE AI PLC
15,401$39K0.01%
79
RXTRACKSPACE TECHNOLOGY INC
40,237$39K0.01%
80
CCOCLEAR CHANNEL OUTDOOR HLDGS
16,940$37K0.01%
81
XRXXEROX HOLDINGS CORP
16,022$37K0.01%
82
GMGIGOLDEN MATRIX GROUP INC
46,648$37K0.01%
83
OPADOFFERPAD SOLUTIONS INC
28,384$34K0.01%
84
KLTRKALTURA INC
18,812$30K0.01%
85
ADVADVANTAGE SOLUTIONS INC
34,990$30K0.01%
86
NNBRNN INC
22,422$28K0.00%
87
MYPSPLAYSTUDIOS INC
44,494$28K0.00%
88
GETYGETTY IMAGES HOLDINGS INC
20,968$28K0.00%
89
DHXDHI GROUP INC
17,854$27K0.00%
90
RDZNROADZEN INC
11,309$27K0.00%
91
MAPSWM TECHNOLOGY INC
32,084$26K0.00%
92
BAERBRIDGER AEROSPACE GRP HLDGS
13,698$25K0.00%
93
HFFGHF FOODS GROUP INC
11,307$24K0.00%
94
SLQTSELECTQUOTE INC
16,714$23K0.00%
95
HAINHAIN CELESTIAL GROUP INC
21,834$23K0.00%
96
LUNGPULMONX CORP
10,106$22K0.00%
97
ABOSACUMEN PHARMACEUTICALS INC
10,637$22K0.00%
98
PROKPROKIDNEY CORP
10,244$22K0.00%
99
OVIDOVID THERAPEUTICS INC
13,960$22K0.00%
100
BTBTBIT DIGITAL INC
11,309$21K0.00%
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