NINE MASTS CAPITAL Ltd

13F filer · CIK 0001569356

Reported Aug 7, 2026

Net buyer this quarter

13F portfolio value$995MU.S. long equity reported on 13F

Positions8550 new · 118 closed

Net flow last quarter+$217MBuys minus sells

Top 10 positions weight57.6%Concentration

Holdings

13F · last 4 quarters free

Scroll for earlier quarters

Company	Value	% of portfolio	% of company	POSITION CHANGE qoq %	First reported
Q2 2026Reported Aug 7, 202685 positions
SPYSPDR S&P 500 ETF Trust	$310M	31.21%	Not reported	+11322.8%	Q4 2014
HDBHDFC Bank Ltd	$101M	10.14%	0.03%	+105.5%	Q3 2018
WBDWarner Bros. Discovery, Inc.	$29.9M	3.01%	0.04%	+5.5%	Q4 2024
FOXFox Corp	$29.8M	2.99%	Not reported	Not reported	Q1 2021
SLABSilicon Laboratories Inc.	$20.5M	2.06%	0.28%	-21.5%	Q1 2026
KVUEKenvue Inc.	$20.3M	2.04%	0.06%	+72.4%	Q4 2025
EAElectronic Arts Inc.	$20M	2.01%	Not reported	-9.0%	Q2 2017
NSCNorfolk Southern Corp	$16.1M	1.62%	0.02%	-40.0%	Q3 2018
BCSBarclays PLC	$13.3M	1.33%	0.00%	New	Q2 2026
QRVOQorvo, Inc.	$12.1M	1.22%	0.15%	+4.2%	Q4 2025
ROKURoku, Inc	$11.5M	1.15%	0.06%	New	Q2 2026
WBSWebster Financial Corp	$8.49M	0.85%	0.07%	-62.1%	Q1 2026
LYGLloyds Banking Group plc	$8.07M	0.81%	0.00%	New	Q2 2026
JDJD.com, Inc.	$8.01M	0.81%	0.02%	Not reported	Q1 2016
TXNMTXNM Energy Inc	$7.87M	0.79%	0.13%	+37.9%	Q2 2025
PENPenumbra Inc	$7.35M	0.74%	0.06%	-2.0%	Q1 2026
ASXASE Technology Holding Co., Ltd.	$7.14M	0.72%	0.00%	-79.7%	Q2 2018
GTLSChart Industries Inc	$6.38M	0.64%	0.06%	Not reported	Q4 2025
BLDTopBuild Corp	$5.97M	0.60%	0.05%	New	Q2 2026
BHFBrighthouse Financial, Inc.	$4.42M	0.44%	0.12%	-1.4%	Q1 2026
KTKT Corp	$3.95M	0.40%	0.09%	Not reported	Q1 2018
UNFUnifirst Corp	$3.46M	0.35%	0.07%	+17.8%	Q1 2026
RNWReNew Energy Global plc	$2.92M	0.29%	Not reported	-25.9%	Q4 2025
ZIMZIM Integrated Shipping Services Ltd.	$2.68M	0.27%	0.09%	+14.4%	Q1 2026
ZZillow Group, Inc.	$2.64M	0.27%	Not reported	-1.7%	Q4 2025
COPConocophillips	$2.48M	0.25%	0.00%	Not reported	Q3 2017
NIONIO Inc.	$2.4M	0.24%	0.02%	Not reported	Q1 2019
DBRGDigitalBridge Group, Inc.	$2.32M	0.23%	0.08%	+88.1%	Q1 2026
NDAQNasdaq, Inc.	$2.14M	0.21%	0.00%	+106.5%	Q4 2024
GOOGAlphabet Inc.	$2.03M	0.20%	Not reported	-96.6%	Q3 2018
PLTRPalantir Technologies Inc.	$2M	0.20%	0.00%	New	Q2 2026
NWENorthWestern Energy Group, Inc.	$1.97M	0.20%	0.04%	+10.0%	Q1 2026
VALValaris Ltd	$1.95M	0.20%	0.04%	-56.6%	Q1 2026
PDDPDD Holdings Inc.	$1.81M	0.18%	0.00%	+260.2%	Q1 2019
NEENextera Energy Inc	$1.79M	0.18%	0.00%	New	Q2 2026
PFEPfizer Inc	$1.64M	0.17%	0.00%	Not reported	Q2 2017
PCTPureCycle Technologies, Inc.	$1.5M	0.15%	0.09%	New	Q2 2026
APGEApogee Therapeutics, Inc.	$1.25M	0.13%	0.01%	New	Q2 2026
AVNSAvanos Medical, Inc.	$1.24M	0.13%	0.11%	New	Q2 2026
AESAes Corp	$1.23M	0.12%	0.01%	-91.5%	Q4 2025
WTRGEssential Utilities, Inc.	$1.15M	0.12%	0.01%	New	Q2 2026
TWOTwo Harbors Investment Corp.	$1.12M	0.11%	Not reported	Not reported	Q4 2025
TLNTalen Energy Corp	$961K	0.10%	0.01%	+2876.2%	Q1 2026
RYAAYRyanair Holdings PLC	$936K	0.09%	0.00%	-48.6%	Q2 2015
CEGConstellation Energy Corp	$895K	0.09%	0.00%	New	Q2 2026
MSFTMicrosoft Corp	$766K	0.08%	0.00%	Not reported	Q4 2018
WDSWoodside Energy Group Ltd	$663K	0.07%	0.00%	Not reported	Q2 2022
BZHBeazer Homes USA Inc	$604K	0.06%	0.08%	New	Q2 2026
CVXChevron Corp	$590K	0.06%	0.00%	Not reported	Q2 2015
MDBMongoDB, Inc.	$578K	0.06%	0.00%	New	Q2 2026

Q1 2026Reported May 13, 2026153 positions
GOOGAlphabet Inc.	$68.5M	9.89%	Not reported	Not reported	Q3 2018
HDBHDFC Bank Ltd	$47.3M	6.83%	0.01%	Not reported	Q3 2018
FOXFox Corp	$33.7M	4.87%	Not reported	-2.7%	Q1 2021
WBDWarner Bros. Discovery, Inc.	$29.2M	4.22%	0.04%	+322.9%	Q4 2024
SLABSilicon Laboratories Inc.	$24.8M	3.59%	0.36%	New	Q1 2026
NSCNorfolk Southern Corp	$24.5M	3.54%	0.04%	-47.0%	Q3 2018
EAElectronic Arts Inc.	$21.9M	3.16%	Not reported	+1234.2%	Q2 2017
WBSWebster Financial Corp	$20.4M	2.94%	0.18%	New	Q1 2026
QQQInvesco QQQ Trust, Series 1	$19.1M	2.76%	Not reported	Not reported	Q2 2020
HOLXHologic Inc	$17M	2.45%	0.10%	+349.2%	Q2 2025
ASXASE Technology Holding Co., Ltd.	$15.9M	2.30%	0.02%	+5.1%	Q2 2018
AESAes Corp	$13.8M	1.99%	0.14%	+2419.1%	Q4 2025
CWANClearwater Analytics Holdings, Inc.	$13.8M	1.99%	Not reported	+739.1%	Q4 2025
KVUEKenvue Inc.	$10.6M	1.53%	0.03%	+217.2%	Q4 2025
QRVOQorvo, Inc.	$9.66M	1.39%	0.14%	-25.7%	Q4 2025
JDJD.com, Inc.	$9.29M	1.34%	0.02%	+14.8%	Q1 2016
PENPenumbra Inc	$7.8M	1.13%	0.06%	New	Q1 2026
VALValaris Ltd	$6.06M	0.88%	0.09%	New	Q1 2026
TXNMTXNM Energy Inc	$5.87M	0.85%	0.09%	+41.6%	Q2 2025
BHFBrighthouse Financial, Inc.	$4.24M	0.61%	0.12%	New	Q1 2026
APLSApellis Pharmaceuticals, Inc.	$3.92M	0.57%	0.08%	New	Q1 2026
ZZillow Group, Inc.	$3.52M	0.51%	Not reported	-39.9%	Q4 2025
RNWReNew Energy Global plc	$2.89M	0.42%	Not reported	-30.6%	Q4 2025
NIONIO Inc.	$2.86M	0.41%	0.02%	Not reported	Q1 2019
UNFUnifirst Corp	$2.79M	0.40%	0.06%	New	Q1 2026
BEPBrookfield Renewable Partners L.P.	$2.38M	0.34%	0.03%	Not reported	Q3 2024
ZIMZIM Integrated Shipping Services Ltd.	$2.37M	0.34%	0.07%	New	Q1 2026
SPYSPDR S&P 500 ETF Trust	$2.37M	0.34%	Not reported	-96.5%	Q4 2014
NWENorthWestern Energy Group, Inc.	$1.65M	0.24%	0.04%	New	Q1 2026
RYAAYRyanair Holdings PLC	$1.63M	0.23%	0.00%	-78.6%	Q2 2015
CTLPCantaloupe, Inc.	$1.59M	0.23%	Not reported	-47.7%	Q4 2025
DBRGDigitalBridge Group, Inc.	$1.21M	0.17%	0.04%	New	Q1 2026
NDAQNasdaq, Inc.	$1.12M	0.16%	0.00%	Not reported	Q4 2024
RVMDRevolution Medicines, Inc.	$1.07M	0.15%	0.01%	New	Q1 2026
LEGLeggett & Platt Inc	$1M	0.14%	0.07%	Not reported	Q4 2019
ABVXAbivax S.A.	$835K	0.12%	0.01%	+87.5%	Q4 2025
WDSWoodside Energy Group Ltd	$819K	0.12%	0.00%	Not reported	Q2 2022
NFLXNetflix Inc	$765K	0.11%	0.00%	-43.7%	Q3 2017
NVDANvidia Corp	$679K	0.10%	0.00%	-57.3%	Q2 2017
PDDPDD Holdings Inc.	$673K	0.10%	0.00%	Not reported	Q1 2019
HIMSHims & Hers Health, Inc.	$519K	0.07%	Not reported	New	Q1 2026
QGENQiagen N.V.	$501K	0.07%	0.01%	New	Q1 2026
AMCRAmcor plc	$477K	0.07%	0.00%	-7.7%	Q4 2019
CSQCalamos Strategic Total Return Fund	$474K	0.07%	Not reported	Not reported	Q4 2025
VECOVeeco Instruments Inc	$424K	0.06%	0.02%	New	Q1 2026
LLYELI LILLY & Co	$414K	0.06%	0.00%	Not reported	Q4 2024
AZNAstrazeneca PLC	$394K	0.06%	Not reported	New	Q1 2026
COFCapital One Financial Corp	$162K	0.02%	0.00%	New	Q1 2026
SCHWSchwab Charles Corp	$99.4K	0.01%	0.00%	-74.2%	Q4 2024
SSTSystem1, Inc.	$56K	0.01%	0.87%	New	Q1 2026

Q4 2025Reported Feb 10, 2026107 positions
IBITiShares Bitcoin Trust ETF	$93.8M	16.15%	0.13%	Not reported	Q2 2024
SPYSPDR S&P 500 ETF Trust	$71M	12.23%	Not reported	Not reported	Q4 2014
NSCNorfolk Southern Corp	$46.4M	8.00%	0.07%	Not reported	Q3 2018
FOXFox Corp	$42.4M	7.30%	Not reported	+3.3%	Q1 2021
QRVOQorvo, Inc.	$14.2M	2.44%	0.18%	New	Q4 2025
ASXASE Technology Holding Co., Ltd.	$11.9M	2.05%	0.02%	-12.1%	Q2 2018
GSKGSK plc	$10.1M	1.74%	0.00%	New	Q4 2025
ZZillow Group, Inc.	$9.65M	1.66%	Not reported	New	Q4 2025
EXKEndeavour Silver Corp	$9.52M	1.64%	0.04%	Not reported	Q4 2017
RYAAYRyanair Holdings PLC	$9.49M	1.63%	0.01%	-22.0%	Q2 2015
JDJD.com, Inc.	$7.86M	1.35%	0.02%	Not reported	Q1 2016
WBDWarner Bros. Discovery, Inc.	$7.26M	1.25%	0.01%	Not reported	Q4 2024
VRSNVerisign Inc	$6.77M	1.17%	0.01%	Not reported	Q1 2019
RNAMAvidity Biosciences, Inc.	$5.68M	0.98%	0.05%	New	Q4 2025
RNWReNew Energy Global plc	$5.13M	0.88%	Not reported	New	Q4 2025
DAYDayforce, Inc.	$5.11M	0.88%	0.05%	New	Q4 2025
PBRPetrobras - Petroleo Brasileiro SA	$4.86M	0.84%	0.01%	Not reported	Q1 2018
ETHAiShares Ethereum Trust ETF	$4.38M	0.75%	0.04%	New	Q4 2025
TXNMTXNM Energy Inc	$4.18M	0.72%	0.07%	+69.0%	Q2 2025
GTLSChart Industries Inc	$4.1M	0.71%	0.04%	New	Q4 2025
HOLXHologic Inc	$3.72M	0.64%	0.02%	Not reported	Q2 2025
KVUEKenvue Inc.	$3.34M	0.58%	0.01%	New	Q4 2025
CTLPCantaloupe, Inc.	$2.98M	0.51%	Not reported	New	Q4 2025
BIDUBaidu, Inc.	$2.59M	0.45%	Not reported	-45.0%	Q4 2014
NIONIO Inc.	$2.42M	0.42%	0.02%	Not reported	Q1 2019
BTIBritish American Tobacco p.l.c.	$1.95M	0.34%	0.00%	Not reported	Q2 2018
NVDANvidia Corp	$1.7M	0.29%	0.00%	Not reported	Q2 2017
CUKCarnival PLC	$1.68M	0.29%	0.03%	-91.7%	Q3 2025
CWANClearwater Analytics Holdings, Inc.	$1.67M	0.29%	Not reported	New	Q4 2025
EAElectronic Arts Inc.	$1.64M	0.28%	Not reported	Not reported	Q2 2017
CSGSCSG Systems International Inc	$1.53M	0.26%	0.07%	New	Q4 2025
NFLXNetflix Inc	$1.32M	0.23%	0.00%	Not reported	Q3 2017
AXTAAxalta Coating Systems Ltd.	$1.29M	0.22%	0.02%	Not reported	Q4 2017
SEMRSemrush Holdings, Inc.	$1.19M	0.20%	0.43%	New	Q4 2025
NOWServiceNow, Inc.	$1.17M	0.20%	0.00%	+15.5%	Q4 2024
FYBRFrontier Communications Parent, Inc.	$1.14M	0.20%	Not reported	-70.7%	Q2 2025
BIPBrookfield Infrastructure Partners L.P.	$1.1M	0.19%	Not reported	New	Q4 2025
XOMExxonMobil Holdings Corp	$1.02M	0.18%	0.00%	+6.9%	Q2 2019
TGNATegna Inc	$893K	0.15%	Not reported	New	Q4 2025
TWOTwo Harbors Investment Corp.	$851K	0.15%	Not reported	New	Q4 2025
LYBLyondellBasell Industries N.V.	$828K	0.14%	0.01%	+77.7%	Q4 2024
TTDTrade Desk, Inc.	$778K	0.13%	Not reported	+7.9%	Q4 2024
VALEVale S.A.	$756K	0.13%	0.00%	-96.5%	Q4 2016
SEESealed Air Corp	$756K	0.13%	0.01%	New	Q4 2025
PDDPDD Holdings Inc.	$747K	0.13%	0.00%	Not reported	Q1 2019
AIVApartment Investment & Management Co	$713K	0.12%	0.09%	New	Q4 2025
FOLDAmicus Therapeutics, Inc.	$712K	0.12%	0.02%	New	Q4 2025
IMXIInternational Money Express, Inc.	$691K	0.12%	0.15%	New	Q4 2025
ELMEElme Communities	$617K	0.11%	0.04%	-85.7%	Q3 2025
NTESNetEase, Inc.	$584K	0.10%	0.00%	Not reported	Q1 2016

Q3 2025Reported Nov 13, 202535 positions
GOOGAlphabet Inc.	$52.6M	21.61%	Not reported	+26.4%	Q3 2018
FOXFox Corp	$36.2M	14.88%	Not reported	+186.0%	Q1 2021
HDBHDFC Bank Ltd	$19.4M	7.98%	0.00%	+200.5%	Q3 2018
CUKCarnival PLC	$17.6M	7.23%	0.31%	New	Q3 2025
VALEVale S.A.	$16.1M	6.59%	0.01%	Not reported	Q4 2016
COOPCooperative Bankshares Inc	$10.3M	4.22%	Not reported	New	Q3 2025
RYAAYRyanair Holdings PLC	$10.1M	4.17%	0.02%	-37.6%	Q2 2015
ASXASE Technology Holding Co., Ltd.	$9.33M	3.83%	0.02%	+29.0%	Q2 2018
DEODiageo PLC	$7.53M	3.09%	0.00%	New	Q3 2025
ISRLFIsrael Acquisitions Corp	$5.04M	2.07%	25.63%	Not reported	Q1 2024
BIDUBaidu, Inc.	$4.93M	2.02%	Not reported	Not reported	Q4 2014
ELMEElme Communities	$4.17M	1.71%	0.28%	New	Q3 2025
FYBRFrontier Communications Parent, Inc.	$3.82M	1.57%	Not reported	-3.8%	Q2 2025
GRNDGrindr Inc.	$3.62M	1.49%	0.13%	-23.6%	Q1 2021
BIPCBrookfield Infrastructure Corp	$2.68M	1.10%	0.10%	New	Q3 2025
TXNMTXNM Energy Inc	$2.38M	0.98%	0.04%	+114.6%	Q2 2025
LILi Auto Inc.	$1.81M	0.74%	0.00%	Not reported	Q1 2022
SHOPShopify Inc.	$1.63M	0.67%	0.00%	Not reported	Q1 2018
HLNHaleon plc	$1.46M	0.60%	0.00%	New	Q3 2025
NOWServiceNow, Inc.	$1.21M	0.50%	0.00%	-38.8%	Q4 2024
DVNDevon Energy Corp	$1.05M	0.43%	0.00%	Not reported	Q3 2018
TTDTrade Desk, Inc.	$931K	0.38%	Not reported	-7.3%	Q4 2024
XOMExxonMobil Holdings Corp	$895K	0.37%	0.00%	+130.8%	Q2 2019
XPEVXpeng Inc.	$739K	0.30%	Not reported	-59.5%	Q4 2021
VVRInvesco Senior Income Trust	$607K	0.25%	Not reported	Not reported	Q4 2015
SCHWSchwab Charles Corp	$555K	0.23%	0.00%	-30.5%	Q4 2024
LYBLyondellBasell Industries N.V.	$528K	0.22%	0.00%	Not reported	Q4 2024
WDSWoodside Energy Group Ltd	$523K	0.21%	0.00%	Not reported	Q2 2022
XFLTXAI Floating Rate & Alternative Income Trust	$503K	0.21%	Not reported	New	Q3 2025
RELXRelx PLC	$443K	0.18%	0.00%	New	Q3 2025
AXPAmerican Express Co	$312K	0.13%	0.00%	-58.9%	Q2 2025
WFWoori Financial Group Inc.	$273K	0.11%	0.00%	New	Q3 2025
AMCRAmcor plc	$270K	0.11%	0.00%	Not reported	Q4 2019
RBLXRoblox Corp	$256K	0.11%	0.00%	New	Q3 2025
DDOGDatadog, Inc.	$126K	0.05%	0.00%	-81.6%	Q2 2024

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