Altai Capital Management, L.P.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Altai Capital Management, L.P. reported 4 stock positions worth $50.8 million. Its top holding was Digimarc (DMRC) at 53.3% of the portfolio, followed by Orasure Technologies (OSUR, 23.7%) and SKY Harbour (SKYH, 14.0%). Compared with Q2 2025, it sold out of 1, added to 1 and reduced 1. The biggest buy was Orasure Technologies (OSUR, shares +73%) and the biggest sale an exit from E2OPEN Parent (ETWO).

Most Recent 13F
Q2 2026
Location
IRVINE, CA
CIK
0001478982
Portfolio Value
$50.8M (Q3 2025)
SEC Filing
0001478982-25-000006 ↗ filed Nov 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 Q2 2025 Q3 2025: $50.8M $50.8M Q3 2025 Q4 2025: $39.5M Q4 2025 Q1 2026: $34.9M Q1 2026 Q2 2026: $49.0M Q2 2026

Holdings 4 stocks · $50.8M
DMRC Digimarc Corp. 53.31% 2,769,346 $27.1M No change
OSUR Orasure Technologies Inc. 23.71% 3,748,836 $12.0M Add +73.4%
SKYH SKY Harbour Group Corp. 14.01% 720,298 $7.1M Reduce -3.9%
YTRA Yatra Online Inc. 8.97% 3,252,708 $4.6M No change

Options reported separately and not counted above: SKYH.WS calls ($198K).

Portfolio Sells Q2 2025 → Q3 2025
ETWO E2OPEN Parent Holdings Inc. Sold out 0.00% −2.73
SKYH SKY Harbour Group Corp. Reduce -3.9% 14.01% +0.71

Portfolio Buys Q2 2025 → Q3 2025
OSUR Orasure Technologies Inc. Add +73.4% 23.71% +11.93

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