# Ovata Capital Management Ltd

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1724517. Source: https://holderbook.com/funds/1724517-ovata-capital-management-ltd/

- Reported value: $1.3B
- Positions: 43
- Weight of the ten largest: 64.7%
- Filed: 2026-07-30

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| SEAGATE HDD CAYMAN | - | $357.3M | 30,559,000 | 26.8% | 1 |
| WEC ENERGY GROUP INC | - | $84.7M | 70,000,000 | 6.4% | 3 |
| PPL CAP FDG INC | - | $76.6M | 67,500,000 | 5.8% | 2 |
| CLOUDFLARE INC | - | $70.9M | 55,000,000 | 5.3% | 1 |
| HDFC BANK LTD | [HDB](https://holderbook.com/stocks/HDB/) | $50.6M | 1,972,276 | 3.8% | 3 |
| RYANAIR HOLDINGS PLC | [RYAAY](https://holderbook.com/stocks/RYAAY/) | $47.2M | 731,344 | 3.5% | 5 |
| WAYFAIR INC | - | $46.9M | 30,684,000 | 3.5% | 1 |
| PINNACLE WEST CAP CORP | - | $44.3M | 37,000,000 | 3.3% | 3 |
| AKAMAI TECHNOLOGIES INC | - | $42.1M | 35,000,000 | 3.2% | 1 |
| ORMAT TECHNOLOGIES INC | - | $40.9M | 32,562,000 | 3.1% | 2 |
| ECHOSTAR CORP | - | $39.2M | 12,500,000 | 2.9% | 1 |
| SOUTHERN CO | - | $37.5M | 34,000,000 | 2.8% | 3 |
| ISHARES BITCOIN TRUST ETF | [IBIT](https://holderbook.com/stocks/IBIT/) | $36.8M | 1,108,805 | 2.8% | 10 |
| ALIBABA GROUP HLDG LTD | - | $36.0M | 30,500,000 | 2.7% | 5 |
| ETSY INC | - | $33.6M | 33,000,000 | 2.5% | 1 |
| ASE TECHNOLOGY HLDG CO LTD | [ASX](https://holderbook.com/stocks/ASX/) | $31.1M | 729,047 | 2.3% | 7 |
| SOFI TECHNOLOGIES INC | - | $28.8M | 27,995,000 | 2.2% | 1 |
| PEBBLEBROOK HOTEL TR | - | $27.5M | 27,718,000 | 2.1% | 1 |
| LANTHEUS HLDGS INC | - | $27.0M | 18,500,000 | 2.0% | 1 |
| PTC THERAPEUTICS INC | - | $21.8M | 14,080,000 | 1.6% | 1 |
| LYFT INC | - | $15.7M | 15,000,000 | 1.2% | 1 |
| STARWOOD PPTY TR INC | - | $15.3M | 15,000,000 | 1.1% | 3 |
| GRAYSCALE BITCOIN MINI TR ET | [BTC](https://holderbook.com/stocks/BTC/) | $14.3M | 551,872 | 1.1% | 2 |
| UBER TECHNOLOGIES INC | - | $14.2M | 12,232,000 | 1.1% | 1 |
| FIDELITY WISE ORIGIN BITCOIN | [FBTC](https://holderbook.com/stocks/FBTC/) | $13.5M | 265,558 | 1.0% | 5 |
| SHIFT4 PMTS INC | - | $11.9M | 12,500,000 | 0.9% | 1 |
| ICICI BANK LIMITED | [IBN](https://holderbook.com/stocks/IBN/) | $11.6M | 399,984 | 0.9% | 1 |
| JBS N.V. | [JBS](https://holderbook.com/stocks/JBS/) | $9.0M | 756,939 | 0.7% | 1 |
| UPWORK INC | - | $8.3M | 8,329,000 | 0.6% | 1 |
| ECHOSTAR CORP | [ECHO](https://holderbook.com/stocks/ECHO/) | $6.1M | 60,000 | 0.5% | 1 |
| ALARM COM HLDGS INC | - | $5.7M | 6,000,000 | 0.4% | 1 |
| MARRIOTT VACATIONS WORLDWIDE | - | $4.9M | 5,000,000 | 0.4% | 1 |
| WARNER BROS DISCOVERY INC | [WBD](https://holderbook.com/stocks/WBD/) | $4.6M | 170,754 | 0.3% | 3 |
| PERSHING SQUARE USA LTD | [PSUS](https://holderbook.com/stocks/PSUS/) | $4.3M | 115,073 | 0.3% | 1 |
| LIBERTY LIVE HOLDINGS INC | [LLYVK](https://holderbook.com/stocks/LLYVK/) | $3.0M | 28,852 | 0.2% | 1 |
| WAYFAIR INC | - | $2.5M | 2,500,000 | 0.2% | 1 |
| DIGITALBRIDGE GROUP INC | [DBRG](https://holderbook.com/stocks/DBRG/) | $1.6M | 101,560 | 0.1% | 3 |
| PEOPLE INC | [PPLI](https://holderbook.com/stocks/PPLI/) | $1.4M | 30,312 | 0.1% | 1 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $1.3M | 9,000 | 0.1% | 1 |
| INFOSYS LTD | [INFY](https://holderbook.com/stocks/INFY/) | $1.1M | 100,062 | 0.1% | 1 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $614.3K | 6,400 | 0.0% | 6 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $363.8K | 160 | 0.0% | 1 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $239.9K | 200 | 0.0% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2025 | +8.0% | +7.8% | +0.1% | 67% |
| Q2 2025 | +16.5% | +10.5% | +6.0% | 81% |
| Q1 2025 | -8.0% | -4.6% | -3.4% | 70% |
| Q4 2024 | +32.2% | +2.1% | +30.1% | 78% |
| Q3 2024 | +5.3% | +5.4% | -0.2% | 71% |
| Q2 2024 | -6.5% | +4.0% | -10.5% | 81% |
| Q1 2024 | -11.1% | +10.0% | -21.2% | 71% |
| Q2 2023 | +7.6% | +8.3% | -0.6% | 76% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.3B | 43 |
| Q1 2026 | $715.4M | 38 |
| Q4 2025 | $823.3M | 53 |
| Q3 2025 | $499.8M | 41 |
| Q2 2025 | $462.1M | 45 |
| Q1 2025 | $263.4M | 39 |
| Q4 2024 | $261.9M | 33 |
| Q3 2024 | $236.2M | 33 |
| Q2 2024 | $184.1M | 38 |
| Q1 2024 | $192.2M | 35 |
| Q4 2023 | $53.7M | 12 |
| Q3 2023 | $79.7M | 13 |