NINE MASTS CAPITAL Ltd
Reported holdings as of Q2 2026, from 31 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| STATE STR SPDR S&P 500 ETF T OPT | SPY | $357.8M | 415,674 | +35.15pp | 7q | +11322.8%+$354.7M | |
| ALIBABA GROUP HLDG LTD | $125.2M | 106,000 | -8.67pp | 3q | DEBT | ||
| HDFC BANK LTD | HDB | $100.9M | 3,905,609 | +3.31pp | 2q | +105.5%+$51.8M | |
| WARNER BROS DISCOVERY INC OPT | WBD | $31.9M | 1,123,148 | -1.21pp | 7q | +5.5%+$1.7M | |
| FOX CORP | FOX | $29.8M | 635,475 | -1.88pp | 22q | HELD | |
| SILICON LABORATORIES INC OPT | SLAB | $20.6M | 93,749 | -1.58pp | 2q | -21.5%-$5.6M | |
| KENVUE INC | KVUE | $20.3M | 1,059,993 | +0.51pp | 3q | +72.4%+$8.5M | |
| ELECTRONIC ARTS INC OPT | EA | $20.1M | 97,511 | -1.17pp | 3q | -9.0%-$2.0M | |
| NIO INC | $16.3M | 16,250 | -0.69pp | 7q | DEBT | ||
| SUPER MICRO COMPUTER INC | $16.2M | 17,500 | - | new | DEBT | ||
| NORFOLK SOUTHN CORP | NSC | $16.1M | 51,169 | -1.92pp | 3q | -40.0%-$10.7M | |
| AKAMAI TECHNOLOGIES INC | $14.6M | 10,000 | - | new | DEBT | ||
| BARCLAYS PLC | BCS | $13.3M | 493,965 | - | new | NEW | |
| QORVO INC | QRVO | $12.1M | 130,035 | -0.17pp | 3q | +4.2%+$493.5K | |
| ROKU INC | ROKU | $11.5M | 83,000 | - | new | NEW | |
| WEBSTER FINL CORP | WBS | $8.5M | 111,060 | -2.09pp | 2q | -62.1%-$13.9M | |
| LLOYDS BANKING GROUP PLC | LYG | $8.1M | 1,384,610 | - | new | NEW | |
| JD.COM INC | JD | $8.0M | 314,290 | -0.54pp | 3q | HELD | |
| TXNM ENERGY INC | TXNM | $7.9M | 138,521 | -0.06pp | 5q | +37.9%+$2.2M | |
| PENUMBRA INC | PEN | $7.3M | 23,264 | -0.39pp | 2q | -2.0%-$151.2K | |
| ASE TECHNOLOGY HLDG CO LTD | ASX | $7.1M | 158,159 | -1.58pp | 8q | -79.6%-$27.9M | |
| PALO ALTO NETWORKS INC OPT | PANW | $6.8M | options only | +0.50pp | 2q | OPTIONS | |
| CHART INDS INC | GTLS | $6.4M | 30,534 | - | new | NEW | |
| TOPBUILD COR | BLD | $6.0M | 14,000 | - | new | NEW | |
| PALANTIR TECHNOLOGIES INC OPT | PLTR | $5.8M | 17,121 | +0.10pp | 2q | HELD | |
| IRHYTHM HOLDINGS INC | $5.5M | 5,000 | - | new | DEBT | ||
| CONOCOPHILLIPS OPT | COP | $5.2M | 23,818 | +0.10pp | 2q | HELD | |
| ALPHABET INC OPT | GOOGL | $4.7M | options only | +0.21pp | 2q | OPTIONS | |
| MAKEMYTRIP LIMITED MAURITIUS | $4.6M | 5,000 | - | new | DEBT | ||
| BRIGHTHOUSE FINL INC OPT | BHF | $4.5M | 69,788 | -0.18pp | 2q | -1.4%-$65.0K | |
| KT CORP | KT | $3.9M | 228,574 | - | new | NEW | |
| UNIFIRST CORP MASS | UNF | $3.5M | 13,070 | -0.06pp | 2q | +17.8%+$523.4K | |
| NIO INC OPT | NIO | $3.4M | 474,500 | -0.20pp | 3q | HELD | |
| RENEW ENERGY GLOBAL PLC | RNW | $2.9M | 467,642 | -0.12pp | 3q | -25.9%-$1.0M | |
| JANUS HENDERSON GROUP PLC | JHG | $2.8M | 54,254 | -0.12pp | 3q | HELD | |
| PDD HOLDINGS INC OPT | PDD | $2.7M | 23,724 | +0.12pp | 5q | +260.2%+$2.0M | |
| ZIM INTEGRATED SHIPPING SERV | ZIM | $2.7M | 103,084 | -0.07pp | 2q | +14.4%+$338.0K | |
| ZILLOW GROUP INC | Z | $2.6M | 83,638 | -0.24pp | 3q | -1.7%-$45.2K | |
| TRIP COM GROUP LTD | $2.5M | 2,500 | - | new | DEBT | ||
| TESLA INC OPT | TSLA | $2.3M | options only | +0.02pp | 2q | OPTIONS | |
| DIGITALBRIDGE GROUP INC | DBRG | $2.3M | 147,100 | +0.06pp | 2q | +88.1%+$1.1M | |
| SHOPIFY INC OPT | SHOP | $2.3M | options only | -0.06pp | 2q | OPTIONS | |
| NASDAQ INC | NDAQ | $2.1M | 27,130 | +0.05pp | 2q | +106.5%+$1.1M | |
| ZSCALER INC OPT | ZS | $2.1M | 166 | -0.25pp | 2q | HELD | |
| ALPHABET INC | GOOG | $2.0M | 8,020 | -9.69pp | 2q | -96.6%-$58.4M | |
| NORTHWESTERN ENERGY GROUP IN | NWE | $2.0M | 27,497 | -0.04pp | 2q | +10.0%+$178.8K | |
| VALARIS LTD | VAL | $1.9M | 26,854 | -0.68pp | 2q | -56.6%-$2.5M | |
| CHEVRON CORPORATION OPT | CVX | $1.9M | 3,558 | -0.07pp | 2q | HELD | |
| NEXTERA ENERGY INC | NEE | $1.8M | 20,343 | - | new | NEW | |
| PFIZER INC OPT | PFE | $1.6M | 68,200 | +0.13pp | 2q | HELD | |
| UBER TECHNOLOGIES INC OPT | UBER | $1.6M | 4,327 | -0.05pp | 3q | +2968.8%+$1.6M | |
| META PLATFORMS INC OPT | META | $1.6M | options only | -0.16pp | 2q | OPTIONS | |
| BROADCOM INC OPT | AVGO | $1.5M | options only | +0.09pp | 2q | OPTIONS | |
| PURECYCLE TECHNOLOGIES INC | PCT | $1.5M | 185,000 | - | new | NEW | |
| CONSTELLATION ENERGY CORP OPT | CEG | $1.5M | 3,604 | +0.08pp | 2q | HELD | |
| RIVIAN AUTOMOTIVE INC OPT | RIVN | $1.3M | options only | -0.03pp | 2q | OPTIONS | |
| MONGODB INC OPT | MDB | $1.3M | 1,721 | -0.03pp | 2q | HELD | |
| APOGEE THERAPEUTICS INC | APGE | $1.2M | 9,400 | - | new | NEW | |
| AVANOS MED INC | AVNS | $1.2M | 50,000 | - | new | NEW | |
| FORD MTR CO OPT | F | $1.2M | options only | -0.03pp | 2q | OPTIONS | |
| AES CORP | AES | $1.2M | 83,825 | -1.87pp | 3q | -91.4%-$13.1M | |
| SELECT SECTOR SPDR TR OPT | XLE | $1.2M | 9,796 | -0.05pp | 2q | HELD | |
| ESSENTIAL UTILS INC | WTRG | $1.1M | 30,000 | - | new | NEW | |
| TWO HARBORS INVENTMENT CORPO | TWO | $1.1M | 90,600 | - | new | NEW | |
| MICROSOFT CORP OPT | MSFT | $1.1M | 2,054 | - | new | NEW | |
| VALERO ENERGY CORP OPT | VLO | $1.1M | options only | -0.07pp | 2q | OPTIONS | |
| CROWDSTRIKE HLDGS INC OPT | CRWD | $1.0M | options only | +0.03pp | 2q | OPTIONS | |
| FUTU HLDGS LTD OPT | FUTU | $984.0K | 3,052 | +0.04pp | 2q | HELD | |
| NVIDIA CORPORATION OPT | NVDA | $962.1K | options only | -0.16pp | 3q | OPTIONS | |
| TALEN ENERGY CORP | TLN | $960.6K | 2,500 | +0.06pp | 2q | +2876.2%+$928.4K | |
| SALESFORCE INC OPT | CRM | $947.2K | 2,474 | +0.04pp | 2q | HELD | |
| RYANAIR HOLDINGS PLC | RYAAY | $936.5K | 14,463 | -0.14pp | 5q | -48.6%-$886.8K | |
| SCHWAB CHARLES CORP OPT | SCHW | $759.0K | 2,423 | +0.01pp | 7q | +129.0%+$427.6K | |
| APPLOVIN CORP OPT | APP | $667.3K | 426 | -0.03pp | 2q | HELD | |
| WOODSIDE ENERGY GROUP LTD | WDS | $663.0K | 34,317 | -0.05pp | 5q | HELD | |
| FIFTH THIRD BANCORP OPT | FITB | $645.6K | options only | -0.01pp | 2q | OPTIONS | |
| BEAZER HOMES USA INC | BZH | $604.1K | 21,535 | - | new | NEW | |
| INTERNATIONAL MONEY EXPRESS | IMXI | $566.3K | 39,192 | - | new | NEW | |
| DOMINION ENERGY INC OPT | D | $541.8K | options only | -0.01pp | 2q | OPTIONS | |
| LIVERAMP HLDGS INC | RAMP | $537.0K | 14,266 | - | new | NEW | |
| SOUTHERN COPPER CORP | SCCO | $514.4K | 2,952 | - | new | NEW | |
| INMODE LTD | INMD | $438.6K | 30,000 | - | new | NEW | |
| COHERENT CORP OPT | COHR | $426.5K | options only | - | new | OPTIONS | |
| AMCOR PLC | AMCR | $425.0K | 9,804 | -0.03pp | 2q | -18.3%-$95.2K | |
| BARRICK MNG CORP | B | $415.3K | 11,308 | - | new | NEW | |
| NEWMONT CORP | NEM | $412.9K | 4,421 | - | new | NEW | |
| VERA THERAPEUTICS INC | VERA | $404.8K | 9,434 | - | new | NEW | |
| DIAMONDBACK ENERGY INC OPT | FANG | $398.6K | options only | -0.05pp | 2q | OPTIONS | |
| FREEPORT-MCMORAN INC | FCX | $397.4K | 6,319 | - | new | NEW | |
| AXALTA COATING SYS LTD | AXTA | $392.7K | 11,475 | - | new | NEW | |
| VALE S A | VALE | $381.0K | 25,331 | - | new | NEW | |
| WHEATON PRECIOUS METALS CORP | WPM | $367.3K | 3,270 | - | new | NEW | |
| SERVICENOW INC OPT | NOW | $360.7K | 1,826 | - | new | NEW | |
| ABIVAX SA OPT | ABVX | $329.0K | 998 | -0.09pp | 3q | -86.7%-$2.1M | |
| CAMECO CORP | CCJ | $328.6K | 3,226 | - | new | NEW | |
| NEW FORTRESS ENERGY INC | NFE | $304.3K | 838,000 | - | new | NEW | |
| CIENA CORP OPT | CIEN | $298.5K | options only | - | new | OPTIONS | |
| INHIBRX BIOSCIENCES INC | INBX | $284.2K | 3,000 | - | new | NEW | |
| STEEL DYNAMICS INC | STLD | $278.3K | 1,213 | - | new | NEW | |
| XPENG INC OPT | XPEV | $277.9K | options only | -0.03pp | 2q | OPTIONS | |
| ARCELORMITTAL SA LUXEMBOURG | MT | $277.6K | 4,610 | - | new | NEW | |
| NUCOR CORP | NUE | $276.4K | 1,241 | - | new | NEW | |
| QIAGEN NV | QGEN | $273.7K | 7,000 | -0.04pp | 2q | -44.0%-$215.1K | |
| KINROSS GOLD CORP | KGC | $273.5K | 11,579 | - | new | NEW | |
| DARDEN RESTAURANTS INC OPT | DRI | $261.5K | options only | -0.01pp | 2q | OPTIONS | |
| AMERICAN TOWER CORP | AMT | $245.4K | 1,500 | -0.12pp | 2q | HELD | |
| VENTAS INC | VTR | $222.0K | 2,500 | - | new | NEW | |
| SPDR SERIES TRUST OPT | XBI | $208.9K | options only | - | new | OPTIONS | |
| PROLOGIS INC. OPT | PLD | $207.9K | options only | -0.01pp | 2q | OPTIONS | |
| SASOL LTD | SSL | $196.4K | 20,000 | - | new | NEW | |
| VISTANCE NETWORKS INC | VISN | $191.7K | 15,000 | - | new | NEW | |
| PAYONEER GLOBAL INC | PAYO | $96.1K | 13,493 | - | new | NEW | |
| VOX ROYALTY CORP | VOXR | $79.6K | 16,825 | - | new | NEW | |
| GOLD ROYALTY CORP | GROY | $76.5K | 27,730 | - | new | NEW | |
| PRENETICS GLOBAL LTD | PRENW | $4.4K | 362,456 | flat | 3q | HELD |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Funds & ETFs | $357.8M | 36.0% |
| Banks & Lending | $131.4M | 13.2% |
| Telecom & Media | $77.1M | 7.7% |
| Software & IT Services | $44.6M | 4.5% |
| Semiconductors & Electronics | $42.9M | 4.3% |
| Chemicals | $22.1M | 2.2% |
| Utilities | $19.9M | 2.0% |
| Transport & Logistics | $19.7M | 2.0% |
| Other sectors | $76.5M | 7.7% |
| Not classified | $202.6M | 20.4% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $994.7M | 115 | 47 | 15 | 17 | 130 | 74.3% | 38 |
| Q1 2026 | $692.6M | 198 | 151 | 24 | 18 | 71 | 63.3% | 43 |
| Q4 2025 | $580.7M | 118 | 90 | 9 | 10 | 25 | 74.4% | 41 |
| Q3 2025 | $243.5M | 53 | 18 | 6 | 17 | 33 | 78.1% | 44 |
| Q2 2025 | $274.0M | 68 | 42 | 3 | 3 | 22 | 68.0% | 44 |
| Q1 2025 | $150.6M | 48 | 7 | 5 | 19 | 72 | 85.9% | 43 |
| Q4 2024 | $570.9M | 113 | 58 | 21 | 11 | 25 | 78.8% | 37 |
| Q3 2024 | $222.6M | 80 | 29 | 15 | 23 | 78 | 70.4% | 43 |
| Q2 2024 | $333.8M | 129 | 70 | 14 | 35 | 18 | 62.8% | 39 |
| Q1 2024 | $383.4M | 77 | 55 | 6 | 3 | 8 | 65.6% | 38 |
| Q4 2023 | $134.4M | 30 | 7 | 4 | 6 | 13 | 84.7% | 39 |
| Q3 2023 | $139.2M | 36 | 15 | 2 | 1 | 10 | 80.3% | 34 |
| Q2 2023 | $130.6M | 31 | 9 | 1 | 6 | 6 | 80.9% | 41 |
| Q1 2023 | $94.4M | 28 | 4 | 2 | 10 | 23 | 91.2% | 42 |
| Q4 2022 | $313.2M | 47 | 23 | 8 | 8 | 19 | 78.6% | 38 |
| Q3 2022 | $258.5M | 43 | 13 | 1 | 16 | 16 | 82.2% | 25 |
| Q2 2022 | $374.4M | 46 | 13 | 3 | 11 | 12 | 87.5% | 36 |
| Q1 2022 | $466.3M | 45 | 13 | 3 | 7 | 10 | 88.8% | 36 |
| Q4 2021 | $223.3M | 42 | 6 | 4 | 12 | 6 | 78.7% | 41 |
| Q3 2021 | $265.3M | 42 | 25 | 4 | 8 | 13 | 77.9% | 43 |
| Q2 2021 | $140.9M | 30 | 21 | 4 | 4 | 14 | 80.3% | 43 |
| Q1 2021 | $126.9M | 23 | 17 | 1 | 4 | 10 | 92.2% | 44 |
| Q4 2020 | $116.4M | 16 | 11 | 2 | 2 | 21 | 97.4% | 47 |
| Q3 2020 | $126.4M | 26 | 18 | 0 | 6 | 9 | 91.6% | 65 |
| Q2 2020 | $153.6M | 17 | 7 | 3 | 5 | 12 | 96.5% | 36 |
| Q1 2020 | $68.1M | 22 | 8 | 0 | 10 | 70 | 97.4% | 29 |
| Q4 2019 | $329.5M | 84 | 32 | 13 | 27 | 37 | 75.9% | 31 |
| Q3 2019 | $524.0M | 89 | 43 | 14 | 16 | 42 | 79.1% | 43 |
| Q2 2019 | $698.2M | 88 | 36 | 23 | 19 | 47 | 79.8% | 39 |
| Q1 2019 | $320.8M | 99 | 49 | 12 | 33 | 51 | 67.8% | 36 |
| Q4 2018 | $630.2M | 101 | 0 | 0 | 0 | 0 | 65.4% | 130 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.