Athos Capital Ltd

Q3 2025 13F-HR Holdings

Location
Hong Kong, K3
Holdings as of
9/30/2025
Date filed
11/13/2025
Form type
13F-HR
Num holdings
32
Total value ($000)
$159,621
Net value change ($000)
+92,761 (138.7%)
New positions
10
Sold out positions
10
Turnover %
112.3%
Sector allocation + QoQ delta (equities-only)

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)
BEKE 47,500 NEW
KVUE 40,575 NEW
GTLS 11,581 NEW
LBRDA 10,746 NEW
TXNM 8,078 NEW
Merus N.V. 7,532 NEW
NSC 6,008 NEW
PINNACLE FINANCIAL PARTNERS INC 2,117 NEW
JOYY 700 25.0%
SOHU 138 NEW
Top Reduces (Value $000, Stocks/ETFs)
SKAA -11,521 -100.0%
KEL -4,182 -58.1%
Global Blue Group Holding AG -3,735 -100.0%
AKX -3,688 -100.0%
JNP -3,234 -100.0%
WOO -3,185 -100.0%
NV5 Global, Inc. -3,002 -100.0%
PARAV -2,580 -100.0%
ZK -2,566 -100.0%
BPMC -2,564 -100.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 4,815 (3.0% 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