NINE MASTS CAPITAL Ltd

Q3 2025 13F-HR Holdings

Location
Central, K3
Holdings as of
9/30/2025
Date filed
11/13/2025
Form type
13F-HR
Num holdings
76
Total value ($000)
$243,512
Net value change ($000)
-30,478 (-11.1%)
New positions
17
Sold out positions
35
Turnover %
101.5%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/13/2025 Next filing: 2/10/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
FOXA 24,814 217.4%
GOOGL 22,306 73.6%
CUK 17,600 NEW
VALE 16,058 NEW
HDB 12,178 167.8%
COOP 10,284 NEW
DEO 7,527 NEW
ISRLF 5,036 NEW
BIDU 4,930 NEW
ELME 4,169 NEW
Top Reduces (Value $000, Stocks/ETFs)
IBIT -73,047 -100.0%
LBRDA -9,957 -100.0%
AHC -9,698 -100.0%
TGT -6,940 -100.0%
BEP -5,552 -100.0%
RYAAY -5,413 -34.8%
EW -5,060 -100.0%
KEL -4,516 -100.0%
GRND -3,547 -49.5%
JD -3,325 -100.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 18,288 (7.5% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type