Altai Capital Management, L.P.

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Altai Capital Management, L.P. reported 5 stock positions worth $55.1 million. Its top holding was Digimarc (DMRC) at 66.4% of the portfolio, followed by SKY Harbour (SKYH, 13.3%) and Orasure Technologies (OSUR, 11.8%). Compared with Q1 2025, it added to 1 and reduced 3. The biggest buy was Orasure Technologies (OSUR, shares +1269%) and the biggest sale E2OPEN Parent (ETWO, shares −90%).

Most Recent 13F
Q2 2026
Location
IRVINE, CA
CIK
0001478982
Portfolio Value
$55.1M (Q2 2025)
SEC Filing
0001478982-25-000004 ↗ filed Aug 14, 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 Q1 2025 Q2 2025: $55.1M $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 · $55.1M
DMRC Digimarc Corp. 66.44% 2,769,346 $36.6M No change
SKYH SKY Harbour Group Corp. 13.30% 749,546 $7.3M Reduce -0.8%
OSUR Orasure Technologies Inc. 11.78% 2,162,348 $6.5M Add +1269.3%
YTRA Yatra Online Inc. 5.75% 3,252,708 $3.2M Reduce -1.9%
ETWO E2OPEN Parent Holdings Inc. 2.73% 465,354 $1.5M Reduce -90.0%

Options reported separately and not counted above: SKYH.WS calls ($223K).

Portfolio Sells Q1 2025 → Q2 2025
ETWO E2OPEN Parent Holdings Inc. Reduce -90.0% 2.73% −13.31
SKYH SKY Harbour Group Corp. Reduce -0.8% 13.30% −3.74
YTRA Yatra Online Inc. Reduce -1.9% 5.75% +1.28

Portfolio Buys Q1 2025 → Q2 2025
OSUR Orasure Technologies Inc. Add +1269.3% 11.78% +10.86

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