Ovata Capital Management Ltd

CIK

1724517

Location

HONG KONG, K3

Portfolio Value

Small $318,130,079

Diversification

Moderately concentrated

Filing Date

Global Rank

#3,019 / 8,232 ▲ 183

Top Industry

Semiconductors 32.7%

3Y Alpha vs SPY

-11.2%

Period ended 2 months ago

Filed May 13, 2026 · 32d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+31.7%

SPY

+76.3%

Annualised alpha

-11.2%

Max drawdown

−22.8%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

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

Top Position

24.0%

+1.5 pts

Top 5

82.0%

+8.3 pts

Top 10

94.5%

+8.0 pts

HHI

1,622

Moderately concentrated+218

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	24.8%	$78,767,689	3
Unclassified	24.6%	$78,383,837	3
Industrials	24.0%	$76,349,522	1
Financial Services	16.0%	$50,986,716	2
Consumer Cyclical	6.9%	$21,931,935	6
Energy	1.9%	$6,184,530	2
Communication Services	1.7%	$5,525,850	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

6 positions

Ticker	Company	Δ Shares	Shares	Value
HDB	Hdfc Bank Ltd	+1,709,029	1,986,361	$49,420,661
RYAAY	Ryanair Holdings PLC	+339,543	1,320,926	$76,349,522
WBD	Warner Bros. Discovery, Inc.	+85,147	96,954	$2,662,356
SEE	SEALED AIR CORP/DE	+47,676	70,449	$2,962,380
BIDU	Baidu, Inc.	+20,700	25,700	$2,863,494
TCOM	Trip.com Group Ltd	+3,633	115,045	$5,728,090
No positions match the current search.

Trimmed

Positions the filer reduced

3 positions

Ticker	Company	Δ Shares	Shares	Value
ASX	ASE Technology Holding Co., Ltd.	−138,000	214,320	$4,646,457
BABA	Alibaba Group Holding Ltd	−69,289	32,807	$4,115,966
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−157	218,101	$73,707,232
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
BTC	Grayscale Bitcoin Mini Trust ETF	567,872	$17,030,481
FLOC	Flowco Holdings Inc.	144,000	$2,966,400
No positions match the current search.

Sold Out

Positions the filer fully exited

14 positions

Ticker	Company	Shares	Value
RIO	Rio Tinto PLC	100,371	$8,032,691
JBS	Jbs N.V.	499,983	$7,209,754
CWAN	Clearwater Analytics Holdings, Inc.	282,380	$6,811,005
BEP	Brookfield Renewable Partners L.P.	180,781	$4,875,663
IBN	Icici Bank Ltd	144,100	$4,294,180
INFY	Infosys Ltd	218,082	$3,886,221
BHP	BHP Group Ltd	46,187	$2,788,309
BITB	Bitwise Bitcoin ETF	39,977	$1,901,306
SNPS	Synopsys Inc	2,600	$1,221,272
TM	Toyota Motor Corp/	4,500	$963,270
NTES	NetEase, Inc.	6,800	$935,816
ZS	Zscaler, Inc.	3,880	$872,689
MMYT	MakeMyTrip Ltd	8,400	$689,808
AGEN	Agenus Inc	30,800	$96,712
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

19 positions · $318,130,079 total · as of Mar 31, 2026

All sectors Communication Services Consumer Cyclical Energy Financial Services Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
RYAAY	Ryanair Holdings PLC Industrials	Added	1,320,926	+339,543	$76,349,522	+7.8%	24.00%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	218,101	-157	$73,707,232	+11.1%	23.17%
HDB	Hdfc Bank Ltd Financial Services	Added	1,986,361	+1,709,029	$49,420,661	+387.7%	15.53%
IBIT	iShares Bitcoin Trust ETF	Held	1,142,805	0	$43,906,568	−22.6%	13.80%
FBTC	Fidelity Wise Origin Bitcoin Fund	Held	295,558	0	$17,446,788	−22.6%	5.48%
BTC	Grayscale Bitcoin Mini Trust ETF	NEW	567,872	NEW	$17,030,481	NEW	5.35%
UAA	Under Armour, Inc. Consumer Cyclical	Held	1,398,745	0	$8,266,582	+18.9%	2.60%
TCOM	Trip.com Group Ltd Consumer Cyclical	Added	115,045	+3,633	$5,728,090	−28.5%	1.80%
ASX	ASE Technology Holding Co., Ltd. Technology	Reduced	214,320	-138,000	$4,646,457	−18.1%	1.46%
BABA	Alibaba Group Holding Ltd Consumer Cyclical	Reduced	32,807	-69,289	$4,115,966	−72.5%	1.29%
SUNC	SunocoCorp LLC Energy	Held	52,200	0	$3,218,130	+25.1%	1.01%
FLOC	Flowco Holdings Inc. Energy	NEW	144,000	NEW	$2,966,400	NEW	0.93%
SEE	SEALED AIR CORP/DE Consumer Cyclical	Added	70,449	+47,676	$2,962,380	+214.0%	0.93%
BIDU	Baidu, Inc. Communication Services	Added	25,700	+20,700	$2,863,494	+338.3%	0.90%
WBD	Warner Bros. Discovery, Inc. Communication Services	Added	96,954	+85,147	$2,662,356	+682.4%	0.84%
DBRG	DigitalBridge Group, Inc. Financial Services	Held	101,560	0	$1,566,055	+0.5%	0.49%
LI	Li Auto Inc. Consumer Cyclical	Held	29,000	0	$517,070	+5.3%	0.16%
SONY	Sony Group Corp Technology	Held	20,000	0	$414,000	−19.1%	0.13%
HMC	Honda Motor Co Ltd Consumer Cyclical	Held	14,062	0	$341,847	−17.5%	0.11%