13F HOLDINGS REPORT
NINE MASTS CAPITAL Ltd
Quarter ended Q4 2025 · Filed February 10, 2026 · Accession 0001569356-26-000001
Total Value
$580.7M
Positions
120
Other Managers
0
Confidential Omitted
No
Holdings (120)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | ALIBABA GROUP HLDG LTD | BBAAY | 63,000 | $98.0M | 16.87% |
| 2 | ISHARES BITCOIN TRUST ETF | IBIT | 1,889,214 | $93.8M | 16.15% |
| 3 | SPDR S&P 500 ETF TR | SPY | 104,139 | $71.0M | 12.23% |
| 4 | NORFOLK SOUTHN CORP | 655844108 | 160,852 | $46.4M | 8.00% |
| 5 | FOX CORP | FOX | 653,175 | $42.4M | 7.30% |
| 6 | INVESCO QQQ TR | IVZ | 40,453 | $19.0M | 3.27% |
| 7 | CYBERARK SOFTWARE LTD | M2682V108 | 41,403 | $18.5M | 3.18% |
| 8 | NIO INC | NIOIF | 19,250 | $17.0M | 2.93% |
| 9 | QORVO INC | QRVO | 167,956 | $14.2M | 2.44% |
| 10 | ASE TECHNOLOGY HLDG CO LTD | ASX | 739,619 | $11.9M | 2.05% |
| 11 | GSK PLC | GLAXF | 205,929 | $10.1M | 1.74% |
| 12 | ZILLOW GROUP INC | Z | 141,496 | $9.7M | 1.66% |
| 13 | EXACT SCIENCES CORP | 30063P105 | 93,717 | $9.5M | 1.64% |
| 14 | RYANAIR HOLDINGS PLC | RYAOF | 131,521 | $9.5M | 1.63% |
| 15 | JD.COM INC | JDCMF | 273,890 | $7.9M | 1.35% |
| 16 | WARNER BROS DISCOVERY INC | WBD | 251,849 | $7.3M | 1.25% |
| 17 | VERISIGN INC | VRSN | 13,548 | $6.8M | 1.17% |
| 18 | AVIDITY BIOSCIENCES INC | 05370A108 | 78,786 | $5.7M | 0.98% |
| 19 | RENEW ENERGY GLOBAL PLC | RNWWW | 908,549 | $5.1M | 0.88% |
| 20 | DAYFORCE INC | 15677J108 | 73,879 | $5.1M | 0.88% |
| 21 | PETROLEO BRASILEIRO SA PETRO | 71654V408 | 410,245 | $4.9M | 0.84% |
| 22 | ISHARES ETHEREUM TR | 46438R105 | 195,193 | $4.4M | 0.75% |
| 23 | TXNM ENERGY INC | TXNM | 70,981 | $4.2M | 0.72% |
| 24 | CHART INDS INC | 16115Q308 | 19,865 | $4.1M | 0.71% |
| 25 | HOLOGIC INC | HOLX | 50,000 | $3.7M | 0.64% |
| 26 | KENVUE INC | KVUE | 193,863 | $3.3M | 0.58% |
| 27 | CANTALOUPE INC | CTLPP | 280,363 | $3.0M | 0.51% |
| 28 | BAIDU INC | BAIDF | 19,811 | $2.6M | 0.45% |
| 29 | NIO INC | NIOIF | 474,500 | $2.4M | 0.42% |
| 30 | BRITISH AMERN TOB PLC | 110448107 | 34,475 | $2.0M | 0.34% |
| 31 | JANUS HENDERSON GROUP PLC | JHG | 39,523 | $1.9M | 0.32% |
| 32 | NVIDIA CORPORATION | NVDA | 9,121 | $1.7M | 0.29% |
| 33 | CARNIVAL PLC | CUKPF | 55,335 | $1.7M | 0.29% |
| 34 | CLEARWATER ANALYTICS HLDGS I | CWAN | 69,323 | $1.7M | 0.29% |
| 35 | ELECTRONIC ARTS INC | EA | 8,034 | $1.6M | 0.28% |
| 36 | CSG SYS INTL INC | 126349109 | 20,000 | $1.5M | 0.26% |
| 37 | NETFLIX INC | NFLX | 14,117 | $1.3M | 0.23% |
| 38 | AXALTA COATING SYS LTD | AXTA | 40,000 | $1.3M | 0.22% |
| 39 | LISTED FDS TR | 53656G498 | 18,309 | $1.2M | 0.21% |
| 40 | SEMRUSH HLDGS INC | SEMR | 100,000 | $1.2M | 0.20% |
| 41 | SERVICENOW INC | NOW | 7,605 | $1.2M | 0.20% |
| 42 | FRONTIER COMMUNICATIONS PARE | 35909D109 | 30,000 | $1.1M | 0.20% |
| 43 | BROOKFIELD INFRAST PARTNERS | G16252101 | 31,549 | $1.1M | 0.19% |
| 44 | EXXON MOBIL CORP | XOM | 8,486 | $1.0M | 0.18% |
| 45 | TEGNA INC | 87901J105 | 46,030 | $893,442 | 0.15% |
| 46 | TWO HBRS INVT CORP | 90187B804 | 81,000 | $850,500 | 0.15% |
| 47 | LYONDELLBASELL INDUSTRIES N | LYB | 19,126 | $828,156 | 0.14% |
| 48 | THE TRADE DESK INC | 88339J105 | 20,500 | $778,180 | 0.13% |
| 49 | VALE S A | VALE | 16,277 | $756,016 | 0.13% |
| 50 | SEALED AIR CORP NEW | SE | 18,243 | $755,807 | 0.13% |
| 51 | PDD HOLDINGS INC | PDD | 6,586 | $746,787 | 0.13% |
| 52 | LIBERTY MEDIA CORP DEL | FWONB | 10,200 | $714,000 | 0.12% |
| 53 | APARTMENT INVT & MGMT CO | APA | 120,000 | $712,800 | 0.12% |
| 54 | AMICUS THERAPEUTICS INC | FOLD | 50,000 | $712,000 | 0.12% |
| 55 | INTERNATIONAL MNY EXPRESS IN | INTR | 45,000 | $691,200 | 0.12% |
| 56 | ELME COMMUNITIES | ELME | 35,453 | $616,882 | 0.11% |
| 57 | NETEASE INC | NETTF | 4,235 | $583,879 | 0.10% |
| 58 | AES CORP | AES | 38,900 | $557,826 | 0.10% |
| 59 | AMCOR PLC | AMCCF | 65,000 | $542,100 | 0.09% |
| 60 | ABIVAX SA | AAVXF | 4,000 | $539,420 | 0.09% |
| 61 | WOODSIDE ENERGY GROUP LTD | WOPEF | 34,317 | $535,002 | 0.09% |
| 62 | KENNEDY-WILSON HOLDINGS INC | KW | 55,295 | $534,703 | 0.09% |
| 63 | CALAMOS STRATEGIC TOTAL RETU | CSQ | 27,663 | $531,130 | 0.09% |
| 64 | SK TELECOM CO LTD | SKM | 25,748 | $528,606 | 0.09% |
| 65 | GE HEALTHCARE TECHNOLOGIES I | GEHC | 6,339 | $519,925 | 0.09% |
| 66 | SCHWAB CHARLES CORP | SCHW-PJ | 4,095 | $409,131 | 0.07% |
| 67 | INVESCO SR INCOME TR | IVZ | 122,007 | $398,963 | 0.07% |
| 68 | SABA CAPITAL INCOME & OPRNT | 78518H202 | 54,542 | $382,339 | 0.07% |
| 69 | DYNAVAX TECHNOLOGIES CORP | 268158201 | 24,629 | $378,794 | 0.07% |
| 70 | UBER TECHNOLOGIES INC | UBER | 4,141 | $338,361 | 0.06% |
| 71 | WOORI FINL GROUP INC | 981064108 | 4,868 | $286,190 | 0.05% |
| 72 | XAI OCTAGN FLT RAT & ALT INM | 98400T106 | 53,804 | $258,259 | 0.04% |
| 73 | MEDTRONIC PLC | MDT | 20,300 | $121,293 | 0.02% |
| 74 | MEDTRONIC PLC | MDT | 10,000 | $77,500 | 0.01% |
| 75 | TILLYS INC | 886885102 | 28,817 | $57,346 | 0.01% |
| 76 | LIFEZONE METALS LIMITED | LZM-WT | 12,709 | $54,267 | 0.01% |
| 77 | SPORTSMANS WHSE HLDGS INC | 84920Y106 | 36,922 | $53,906 | 0.01% |
| 78 | UNIVERSAL ELECTRS INC | 913483103 | 12,581 | $45,417 | 0.01% |
| 79 | REZOLVE AI PLC | RZLVW | 15,401 | $39,581 | 0.01% |
| 80 | RACKSPACE TECHNOLOGY INC | RXT | 40,237 | $39,066 | 0.01% |
| 81 | XEROX HOLDINGS CORP | XRXDW | 16,022 | $37,972 | 0.01% |
| 82 | CLEAR CHANNEL OUTDOOR HLDGS | CCO | 16,940 | $37,437 | 0.01% |
| 83 | GOLDEN MATRIX GROUP INC | NVGLF | 46,648 | $37,356 | 0.01% |
| 84 | OFFERPAD SOLUTIONS INC | OPADW | 28,384 | $34,345 | 0.01% |
| 85 | KALTURA INC | KLTR | 18,812 | $30,852 | 0.01% |
| 86 | ADVANTAGE SOLUTIONS INC | ADV | 34,990 | $30,791 | 0.01% |
| 87 | PLAYSTUDIOS INC | MYPSW | 44,494 | $28,988 | 0.00% |
| 88 | NN INC | NNBR | 22,422 | $28,700 | 0.00% |
| 89 | GETTY IMAGES HOLDINGS INC | GETY | 20,968 | $28,097 | 0.00% |
| 90 | DHI GROUP INC | DHX | 17,854 | $27,674 | 0.00% |
| 91 | ROADZEN INC | RDZNW | 11,309 | $27,255 | 0.00% |
| 92 | WM TECHNOLOGY INC | MAPSW | 32,084 | $26,473 | 0.00% |
| 93 | BRIDGER AEROSPACE GRP HLDGS | 96812F102 | 13,698 | $25,067 | 0.00% |
| 94 | HF FOODS GROUP INC | HFFG | 11,307 | $24,310 | 0.00% |
| 95 | SELECTQUOTE INC | SLQT | 16,714 | $23,567 | 0.00% |
| 96 | HAIN CELESTIAL GROUP INC | HAIN | 21,834 | $23,362 | 0.00% |
| 97 | PROKIDNEY CORP | PROK | 10,244 | $22,947 | 0.00% |
| 98 | OVID THERAPEUTICS INC | OVID | 13,960 | $22,755 | 0.00% |
| 99 | ACUMEN PHARMACEUTICALS INC | ABOS | 10,637 | $22,444 | 0.00% |
| 100 | PULMONX CORP | LUNG | 10,106 | $22,334 | 0.00% |
| 101 | C4 THERAPEUTICS INC | CCCC | 11,472 | $21,912 | 0.00% |
| 102 | BITCOIN DEPOT INC | BTMWW | 16,602 | $21,417 | 0.00% |
| 103 | BIT DIGITAL INC | BTBT | 11,309 | $21,374 | 0.00% |
| 104 | LUNAI BIOWORKS INC | LNAI | 24,220 | $21,355 | 0.00% |
| 105 | AGILON HEALTH INC | AGL | 30,517 | $21,017 | 0.00% |
| 106 | ACCURAY INC | ARAY | 25,202 | $20,782 | 0.00% |
| 107 | PMV PHARMACEUTICALS INC | PMVP | 16,607 | $20,759 | 0.00% |
| 108 | W & T OFFSHORE INC | WTI | 12,730 | $20,750 | 0.00% |
| 109 | SEER INC | SEER | 10,751 | $19,674 | 0.00% |
| 110 | STRIVE INC | SATA | 26,362 | $19,455 | 0.00% |
| 111 | TELA BIO INC | TELA | 16,486 | $19,453 | 0.00% |
| 112 | FATE THERAPEUTICS INC | FATE | 19,445 | $19,107 | 0.00% |
| 113 | DOCGO INC | DCGO | 21,133 | $18,551 | 0.00% |
| 114 | RING ENERGY INC | REI | 20,491 | $17,827 | 0.00% |
| 115 | ACTINIUM PHARMACEUTICALS INC | ATNM | 12,940 | $17,598 | 0.00% |
| 116 | ALX ONCOLOGY HLDGS INC | ALXO | 15,475 | $17,487 | 0.00% |
| 117 | VALE S A | VALE | 11,500 | $16,445 | 0.00% |
| 118 | PRENETICS GLOBAL LTD | PRENW | 362,456 | $10,185 | 0.00% |
| 119 | FISCALNOTE HOLDINGS INC | NOTEW | 299,447 | $9,133 | 0.00% |
| 120 | LINDE PLC | LIN | 45,400 | $1,880 | 0.00% |