NINE MASTS CAPITAL Ltd

CIK

1569356

Location

CENTRAL, K3

Portfolio Value

Mid $1,103,281,379

Diversification

Diversified

Filing Date

Global Rank

#1,670 / 8,622 ▲ 1330 · as of Mar 2026

Top Industry

Semiconductors 12.4%

3Y Alpha vs SPY

-12.2%

Period ended 4 months ago

Filed May 13, 2026 · 3mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Not a measure of this manager's performance. Most of NINE MASTS CAPITAL Ltd's reported book is option positions, which a stock-only clone cannot replicate. The figures below are the return of the 51% that is ordinary stock — as little as 23% in one quarter — so a manager whose options thesis lost money can still show a large gain here.

Cloned portfolio

+21.3%

SPY

+67.9%

Annualised alpha

-12.2%

Max drawdown

−26.0%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 51% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

183 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

36.2%

+13.0 pts

Top 5

54.1%

−9.0 pts

Top 10

64.4%

−12.5 pts

HHI

1,443

Diversified+346

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Unclassified	37.9%	$418,182,108	2
Technology	15.7%	$173,040,622	32
Communication Services	12.5%	$137,703,858	12
Financial Services	9.1%	$100,680,501	16
Energy	7.8%	$85,997,212	11
Consumer Cyclical	4.7%	$51,841,957	22
Healthcare	3.6%	$39,755,179	55
Utilities	3.3%	$36,478,324	8
Industrials	2.9%	$31,456,060	9
Real Estate	1.5%	$16,393,415	5
Consumer Defensive	1.1%	$11,667,493	9
Basic Materials	0.0%	$84,650	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
WBD	Warner Bros. Discovery, Inc.	+1,947,407	2,199,256	$60,391,569
AES	Aes Corp	+941,042	979,942	$13,807,382
CWAN	Clearwater Analytics Holdings, Inc.	+881,391	950,714	$22,484,386
NIO	NIO Inc.	+650,000	1,124,500	$6,780,735
SPY	Spdr S&P 500 ETF Trust	+509,500	613,639	$399,073,987
KVUE	Kenvue Inc.	+421,006	614,869	$10,600,341
EA	Electronic Arts Inc.	+199,157	207,191	$42,240,029
HOLX	HOLOGIC INC	+174,606	224,606	$16,977,967
UBER	Uber Technologies, Inc	+149,500	153,641	$11,051,397
LNAI	Lunai Bioworks Inc.	+78,206	102,426	$41,789
XOM	ExxonMobil Holdings Corp	+64,914	73,400	$12,453,044
DCGO	DocGo Inc.	+47,617	68,750	$43,243
JD	JD.com, Inc.	+40,400	314,290	$9,293,555
ASX	ASE Technology Holding Co., Ltd.	+37,561	777,180	$16,849,262
SCHW	Schwab Charles Corp	+36,163	40,258	$3,783,446
NVDA	Nvidia Corp	+33,573	42,694	$7,445,833
PDD	PDD Holdings Inc.	+32,000	38,586	$3,942,717
SEE	SEALED AIR CORP/DE	+31,757	50,000	$2,102,500
TXNM	Txnm Energy Inc	+29,500	100,481	$5,874,119
LUNG	Pulmonx Corp	+28,492	38,598	$49,791
ATNM	Actinium Pharmaceuticals, Inc.	+22,287	35,227	$35,050
JHG	Janus Henderson Group Ltd.	+14,731	54,254	$2,787,027
GETY	Getty Images Holdings, Inc.	+12,599	33,567	$26,618
HFFG	HF Foods Group Inc.	+7,171	18,478	$34,184
BTBT	Bit Digital, Inc	+6,095	17,404	$22,799
No positions match the current search.

Trimmed

Positions the filer reduced

8 positions

Ticker	Company	Δ Shares	Shares	Value
RNW	ReNew Energy Global plc	−277,671	630,878	$2,889,421
AIV	Apartment Investment & Management Co	−109,164	10,836	$44,102
RYAAY	Ryanair Holdings PLC	−103,362	28,159	$1,627,590
NSC	Norfolk Southern Corp	−75,538	85,314	$24,485,118
QRVO	Qorvo, Inc.	−43,212	124,744	$9,655,185
CTLP	Cantaloupe, Inc.	−33,627	246,736	$2,667,216
RXT	Rackspace Technology, Inc.	−16,856	23,381	$22,913
QQQ	Invesco Qqq Trust, Series 1	−7,347	33,106	$19,108,121
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
SLAB	Silicon Laboratories Inc.	232,369	$48,367,607
HDB	Hdfc Bank Ltd	1,900,809	$47,292,127
COP	Conocophillips	188,600	$24,895,200
CVX	Chevron Corp	98,500	$20,379,650
WBS	Webster Financial Corp	293,333	$20,363,176
META	Meta Platforms, Inc.	29,700	$16,992,261
PLTR	Palantir Technologies Inc.	109,800	$16,061,544
AMT	American Tower Corp /Ma/	83,000	$14,324,140
GOOGL	Alphabet Inc.	47,900	$13,774,124
VLO	Valero Energy Corp/Tx	47,900	$11,835,132
ZS	Zscaler, Inc.	72,300	$10,142,967
SHOP	Shopify Inc.	77,300	$9,169,326
TSLA	Tesla, Inc.	23,100	$8,587,425
BHF	Brighthouse Financial, Inc.	142,288	$8,520,205
PANW	Palo Alto Networks Inc	52,400	$8,400,768
FANG	Diamondback Energy, Inc.	40,000	$7,911,600
PEN	Penumbra Inc	23,743	$7,796,488
F	Ford Motor Co	636,800	$7,348,672
VAL	Valaris Ltd	61,854	$6,064,166
FITB	Fifth Third Bancorp	129,800	$6,030,508
COF	Capital One Financial Corp	29,488	$5,379,495
D	Dominion Energy, Inc	83,600	$5,168,152
RIVN	Rivian Automotive, Inc. / DE	313,000	$4,710,650
PFE	Pfizer Inc	156,200	$4,386,096
APLS	Apellis Pharmaceuticals, Inc.	97,478	$3,921,539
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
IBIT	iShares Bitcoin Trust ETF	1,889,214	$93,799,475
LIN	Linde PLC	45,400	$19,358,106
GSK	GSK plc	205,929	$10,098,758
EXAS	EXACT SCIENCES CORP	93,717	$9,517,898
PBR	Petrobras - Petroleo Brasileiro SA	410,245	$4,861,403
ETHA	iShares Ethereum Trust ETF	195,193	$4,378,178
GTLS	Chart Industries Inc	19,865	$4,096,758
VRSN	Verisign Inc/Ca	13,548	$3,291,486
MDT	Medtronic plc	30,300	$2,910,618
BIDU	Baidu, Inc.	19,811	$2,588,505
BTI	British American Tobacco p.l.c.	34,475	$1,951,974
CUK	CARNIVAL PLC	55,335	$1,678,310
CSGS	Csg Systems International Inc	20,000	$1,533,800
AXTA	Axalta Coating Systems Ltd.	40,000	$1,292,400
SEMR	SEMrush Holdings, Inc.	100,000	$1,189,000
NOW	ServiceNow, Inc.	7,605	$1,165,009
BIPH	Brookfield Infrastructure Partners L.P.	31,549	$1,096,012
TGNA	TEGNA INC	46,030	$893,442
TWO	Two Harbors Investment Corp.	81,000	$850,500
LYB	LyondellBasell Industries N.V.	19,126	$828,155
TTD	Trade Desk, Inc.	20,500	$778,180
FOLD	AMICUS THERAPEUTICS, INC.	50,000	$712,000
IMXI	International Money Express, Inc.	45,000	$691,200
ELME	Elme Communities	35,453	$616,882
NTES	NetEase, Inc.	4,235	$582,820
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

183 tracked positions · $1,103,281,379 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 183 positions by value · page 1 of 4

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SPY	Spdr S&P 500 ETF Trust PUT CALL + SHARES	Added	613,639	+509,500	$399,073,987	+462.0%	36.17%
WBD	Warner Bros. Discovery, Inc. PUT + SHARES Communication Services	Added	2,199,256	+1,947,407	$60,391,569	+732.0%	5.47%
SLAB	Silicon Laboratories Inc. PUT + SHARES Technology	NEW	232,369	NEW	$48,367,607	NEW	4.38%
HDB	Hdfc Bank Ltd Financial Services	NEW	1,900,809	NEW	$47,292,127	NEW	4.29%
EA	Electronic Arts Inc. PUT + SHARES Communication Services	Added	207,191	+199,157	$42,240,029	+2473.1%	3.83%
COP	Conocophillips PUT CALL Energy	NEW	188,600	NEW	$24,895,200	NEW	2.26%
NSC	Norfolk Southern Corp Industrials	Reduced	85,314	-75,538	$24,485,118	−47.3%	2.22%
CWAN	Clearwater Analytics Holdings, Inc. PUT + SHARES Technology	Added	950,714	+881,391	$22,484,386	+1244.7%	2.04%
CVX	Chevron Corp PUT CALL Energy	NEW	98,500	NEW	$20,379,650	NEW	1.85%
WBS	Webster Financial Corp Financial Services	NEW	293,333	NEW	$20,363,176	NEW	1.85%
QQQ	Invesco Qqq Trust, Series 1	Reduced	33,106	-7,347	$19,108,121	−23.1%	1.73%
META	Meta Platforms, Inc. PUT CALL Communication Services	NEW	29,700	NEW	$16,992,261	NEW	1.54%
HOLX	HOLOGIC INC Healthcare	Added	224,606	+174,606	$16,977,967	+355.8%	1.54%
ASX	ASE Technology Holding Co., Ltd. Technology	Added	777,180	+37,561	$16,849,262	+41.5%	1.53%
PLTR	Palantir Technologies Inc. PUT CALL Technology	NEW	109,800	NEW	$16,061,544	NEW	1.46%
AMT	American Tower Corp /Ma/ PUT CALL Real Estate	NEW	83,000	NEW	$14,324,140	NEW	1.30%
AES	Aes Corp Utilities	Added	979,942	+941,042	$13,807,382	+2375.2%	1.25%
GOOGL	Alphabet Inc. PUT CALL Communication Services	NEW	47,900	NEW	$13,774,124	NEW	1.25%
XOM	ExxonMobil Holdings Corp PUT CALL Energy	Added	73,400	+64,914	$12,453,044	+1119.4%	1.13%
VLO	Valero Energy Corp/Tx PUT CALL Energy	NEW	47,900	NEW	$11,835,132	NEW	1.07%
UBER	Uber Technologies, Inc PUT CALL + SHARES Technology	Added	153,641	+149,500	$11,051,397	+3166.2%	1.00%
KVUE	Kenvue Inc. Consumer Defensive	Added	614,869	+421,006	$10,600,341	+217.0%	0.96%
ZS	Zscaler, Inc. PUT CALL Technology	NEW	72,300	NEW	$10,142,967	NEW	0.92%
QRVO	Qorvo, Inc. Technology	Reduced	124,744	-43,212	$9,655,185	−32.0%	0.88%
JD	JD.com, Inc. Consumer Cyclical	Added	314,290	+40,400	$9,293,555	+18.2%	0.84%
SHOP	Shopify Inc. PUT CALL Technology	NEW	77,300	NEW	$9,169,326	NEW	0.83%
TSLA	Tesla, Inc. PUT CALL Consumer Cyclical	NEW	23,100	NEW	$8,587,425	NEW	0.78%
BHF	Brighthouse Financial, Inc. PUT + SHARES Financial Services	NEW	142,288	NEW	$8,520,205	NEW	0.77%
PANW	Palo Alto Networks Inc PUT CALL Technology	NEW	52,400	NEW	$8,400,768	NEW	0.76%
FANG	Diamondback Energy, Inc. PUT CALL Energy	NEW	40,000	NEW	$7,911,600	NEW	0.72%
PEN	Penumbra Inc Healthcare	NEW	23,743	NEW	$7,796,488	NEW	0.71%
NVDA	Nvidia Corp PUT CALL + SHARES Technology	Added	42,694	+33,573	$7,445,833	+337.7%	0.67%
F	Ford Motor Co PUT CALL Consumer Cyclical	NEW	636,800	NEW	$7,348,672	NEW	0.67%
NIO	NIO Inc. PUT + SHARES Consumer Cyclical	Added	1,124,500	+650,000	$6,780,735	+180.2%	0.61%
VAL	Valaris Ltd Energy	NEW	61,854	NEW	$6,064,166	NEW	0.55%
FITB	Fifth Third Bancorp PUT CALL Financial Services	NEW	129,800	NEW	$6,030,508	NEW	0.55%
TXNM	Txnm Energy Inc Utilities	Added	100,481	+29,500	$5,874,119	+40.6%	0.53%
COF	Capital One Financial Corp PUT CALL + SHARES Financial Services	NEW	29,488	NEW	$5,379,495	NEW	0.49%
D	Dominion Energy, Inc PUT CALL Utilities	NEW	83,600	NEW	$5,168,152	NEW	0.47%
RIVN	Rivian Automotive, Inc. / DE PUT CALL Consumer Cyclical	NEW	313,000	NEW	$4,710,650	NEW	0.43%
PFE	Pfizer Inc PUT CALL Healthcare	NEW	156,200	NEW	$4,386,096	NEW	0.40%
PDD	PDD Holdings Inc. PUT CALL + SHARES Consumer Cyclical	Added	38,586	+32,000	$3,942,717	+428.0%	0.36%
APLS	Apellis Pharmaceuticals, Inc. Healthcare	NEW	97,478	NEW	$3,921,539	NEW	0.36%
SCHW	Schwab Charles Corp PUT CALL + SHARES Financial Services	Added	40,258	+36,163	$3,783,446	+824.8%	0.34%
DRI	Darden Restaurants Inc CALL Consumer Cyclical	NEW	15,800	NEW	$3,097,432	NEW	0.28%
CEG	Constellation Energy Corp PUT CALL Utilities	NEW	10,600	NEW	$2,960,050	NEW	0.27%
RNW	ReNew Energy Global plc Utilities	Reduced	630,878	-277,671	$2,889,421	−43.7%	0.26%
CRM	Salesforce, Inc. CALL Technology	NEW	15,000	NEW	$2,800,050	NEW	0.25%
UNF	Unifirst Corp Industrials	NEW	11,091	NEW	$2,790,384	NEW	0.25%
JHG	Janus Henderson Group Ltd. Financial Services	Added	54,254	+14,731	$2,787,027	+48.2%	0.25%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.