Altai Capital Management, L.P.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Altai Capital Management, L.P. reported 5 stock positions worth $57.7 million. Its top holding was Digimarc (DMRC) at 61.5% of the portfolio, followed by SKY Harbour (SKYH, 17.0%) and E2OPEN Parent (ETWO, 16.0%). Compared with Q4 2024, it opened 1 new position and reduced 1. The biggest buy was a new position in Orasure Technologies (OSUR) and the biggest sale Yatra Online (YTRA, shares −3%).

Most Recent 13F
Q2 2026
Location
IRVINE, CA
CIK
0001478982
Portfolio Value
$57.7M (Q1 2025)
SEC Filing
0001478982-25-000003 ↗ filed May 15, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $209.7M Q1 2024 Q2 2024: $118.7M Q2 2024 Q3 2024: $107.8M Q3 2024 Q4 2024: $129.4M Q4 2024 Q1 2025: $57.7M $57.7M Q1 2025 Q2 2025: $55.1M Q2 2025 Q3 2025: $50.8M Q3 2025 Q4 2025: $39.5M Q4 2025 Q1 2026: $34.9M Q1 2026 Q2 2026: $49.0M Q2 2026

Holdings 5 stocks · $57.7M
DMRC Digimarc Corp. 61.52% 2,769,346 $35.5M No change
SKYH SKY Harbour Group Corp. 17.03% 755,546 $9.8M No change
ETWO E2OPEN Parent Holdings Inc. 16.04% 4,629,070 $9.3M No change
YTRA Yatra Online Inc. 4.48% 3,317,195 $2.6M Reduce -3.2%
OSUR Orasure Technologies Inc. 0.92% 157,915 $532K New

Options reported separately and not counted above: SKYH.WS calls ($403K).

Portfolio Sells Q4 2024 → Q1 2025
YTRA Yatra Online Inc. Reduce -3.2% 4.48% +1.14

Portfolio Buys Q4 2024 → Q1 2025
OSUR Orasure Technologies Inc. New 0.92% +0.92

Options Activity Q4 2024 → Q1 2025
ETWOW E2OPEN Parent Ho -CW25 call Sold out 3,039,731 $46Kbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 4$49.0MDMRC, OSUR, SKYH, YTRA
Q1 2026 4$34.9MDMRC, OSUR, SKYH, YTRA
Q4 2025 4$39.5MDMRC, OSUR, SKYH, YTRA
Q3 2025 4$50.8MDMRC, OSUR, SKYH, YTRA
Q2 2025 5$55.1MDMRC, SKYH, OSUR, YTRA, ETWO
Q1 2025 5$57.7MDMRC, SKYH, ETWO, YTRA, OSUR
Q4 2024 4$129.4MDMRC, ETWO, SKYH, YTRA
Q3 2024 4$107.8MDMRC, ETWO, SKYH, YTRA
Q2 2024 4$118.7MDMRC, ETWO, SKYH, YTRA
Q1 2024 5$209.7MSKYH, DMRC, YTRA, ETWO, OSPN