Managers / Q2 2025 · view latest →
NINE MASTS CAPITAL Ltd
CIK 0001569356 · LEVEL 20, ONE IFC, 1 HARBOUR VIEW STREET, CENTRAL, K3, HONG KONG · 852 2105 5800
Reported Value
$274M
Q2 2025
Positions
94
Filings on Record
32
2019–present window
Filed
Aug 13, 2025
original filing
Summary
Nine Masts Capital Ltd reported $274M in U.S.-listed holdings across 94 positions for Q2 2025.
The portfolio is heavily concentrated: IBIT alone accounts for 26.7% of reported value.
Compared with Q1 2025, the fund opened 42 new positions and exited 22.
Reported Value by Quarter
13F Reported Value
Portfolio Composition
By security type
- Common Stock · 47.5% · $130M
- ETP · 31.3% · $86M
- ADR · 13.2% · $36M
- US DOMESTIC · 4.8% · $13M
- Other · 3.2% · $9M
- Other · 0.0% · $29,765
Quarter-over-Quarter Changes full breakdown →
Holdings — Q2 2025
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $693M | 249 | May 13, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $581M | 120 | Feb 10, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $244M | 76 | Nov 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $274M | 94 | Aug 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $151M | 72 | May 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $571M | 171 | Feb 6, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $223M | 111 | Nov 12, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $334M | 147 | Aug 8, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $383M | 77 | May 8, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $134M | 30 | Feb 8, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $139M | 36 | Nov 3, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $131M | 31 | Aug 10, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $94M | 28 | May 12, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $313.2B | 47 | Feb 7, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $258M | 43 | Oct 25, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $374M | 46 | Aug 5, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $466M | 47 | May 6, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $223M | 42 | Feb 10, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $265M | 42 | Nov 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $141M | 30 | Aug 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $127M | 26 | May 14, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $116M | 16 | Feb 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $126M | 42 | Nov 13, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $154M | 21 | Aug 5, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $68M | 24 | Apr 29, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $329M | 145 | Jan 31, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $524.0B | 148 | Nov 12, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $698M | 145 | Aug 8, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $630M | 184 | May 10, 2019 | RESTATEMENT | changes · EDGAR ↗ |
| Q4 2018 | $518M | 178 | Feb 14, 2019 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.