NINE MASTS CAPITAL Ltd

Q4 2025 13F-HR Holdings

Location
Central, K3
Holdings as of
12/31/2025
Date filed
2/10/2026
Form type
13F-HR
Num holdings
120
Total value ($000)
$580,734
Net value change ($000)
+337,222 (138.5%)
New positions
91
Sold out positions
16
Turnover %
106.3%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/13/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
IBIT 93,799 NEW
SPY 71,014 NEW
NSC 46,441 NEW
CYBR 18,468 NEW
QRVO 14,194 NEW
GSK 10,112 NEW
ZG 9,653 NEW
EXAS 9,518 NEW
JD 7,861 NEW
WBD 7,258 NEW
Top Reduces (Value $000, Stocks/ETFs)
GOOGL -52,628 -100.0%
HDB -19,435 -100.0%
CUK -15,922 -90.5%
VALE -15,302 -95.3%
COOP -10,284 -100.0%
DEO -7,527 -100.0%
ISRLF -5,036 -100.0%
GRND -3,624 -100.0%
ELME -3,552 -85.2%
BIPC -2,684 -100.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 217 (0.0% 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