In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Athos Capital Ltd reported 21 stock positions worth $76.1 million . Its top holding was Hollysys Automation Technolo (HOLI) at 36.1% of the portfolio, followed by Albertsons Cos Class A (ACI, 11.5% ) and United States Steel (X, 7.4% ). Compared with Q4 2023, it opened 11 new positions, sold out of 7, added to 5 and reduced 2. The biggest buy was Hollysys Automation Technolo (HOLI, shares +335% ) and the biggest sale United States Steel (X, shares −32% ).
Location HONG KONG, K3
CIK 0001681662
Portfolio Value $76.1M (Q1 2024) Holdings 21 stocks · $76.1M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2023 HOLI Hollysys Automation Technolo 1,073,677 $27.5M Add +334.9% ACI Albertsons Cos Inc. Class A 406,600 $8.7M Add +22.1% X United States Steel Corp. 137,600 $5.6M Reduce -32.3% BILI Bilibili Inc.-Sponsored ADR 500,000 $5.6M New JNPR Juniper Networks Inc. 127,300 $4.7M New CPRI Capri Holdings Ltd. 96,300 $4.4M Reduce -24.9% ANSS Ansys Inc. 10,700 $3.7M New DFS Discover Financial Services 21,200 $2.8M New RCM R1 RCM Inc. 172,100 $2.2M New BUD Anheuser-Busch Inbev-SPN ADR 35,000 $2.1M New JOYY Joyy Inc.-ADR 50,200 $1.5M Add +4.6% M Macy's Inc. 62,400 $1.2M New IBIT iShares Bitcoin Trust ETF 26,900 $1.1M New EDR Endeavor Group Hold Class A 39,400 $1.0M New SRG Seritage Growth Prop- A 100,000 $965K New GAQ Generation Asia I Acquisit-A 85,682 $944K No change SCRM Screaming Eagle Acq Class A 85,894 $919K No change HUYA Huya Inc.-ADR 116,346 $529K Add +4.6% LEGT.U Legato Merger Corp. III 25,000 $253K New SDSTW Global Partner Acqistn Corp. 11,378 $128K No change DOYU Douyu International Hold-ADR 18,225 $120K Add +4.5%
Options reported separately and not counted above: VOD calls ($4.5M), X calls ($4.1M), VZIO calls ($3.3M).
Other holdings (19): bonds, preferreds, convertibles and warrants · $5.6M (not counted above) Security Class Shares / Principal Value Change REEWF Cartesian Growth Corp. II -28 *W EXP 07/12/202 114,289 $1.3M No change MRNOW Murano Global BV-28 *W EXP 03/19/202 42,840 $665K New GAQWF Generation Asia I Acq -CW23 *W EXP 99/99/999 42,840 $472K No change RMGWF RMG Acquisition Class A -CW27 *W EXP 99/99/999 41,534 $415K No change CVIIW Churchill Capital Vii -CW28 *W EXP 02/29/202 35,196 $377K No change BAERW Wildfire New Pubco Inc.-27 *W EXP 01/24/202 66,062 $332K No change SCRMW Screaming Eagle Acq Class A -27 *W EXP 99/99/999 28,629 $306K No change AEON BIOPHARMA INC *W EXP 07/21/202 25,417 $295K No change ASBPW Aspire Biopharma Holdin-CW27 *W EXP 05/23/202 21,383 $236K No change LANWF Lanvin Group Holdings Ltd.-27 *W EXP 01/14/202 157,703 $224K No change KYCHW Keyarch Acquisition Corp. -28 *W EXP 99/99/999 17,135 $211K No change CPTWF Captivision Inc.-28 *W EXP 11/15/202 32,075 $210K No change ECXWW Ecarx Holdings Inc. Class A-27 *W EXP 99/99/999 92,368 $181K No change BBAI.WS Bigbear.ai Holdings -CW28 *W EXP 12/08/202 57,178 $117K No change COCHW Envoy Medical Inc.-CW27 *W EXP 09/29/202 28,588 $114K No change LAKESHORE BIOPHARMA CO LTD *W EXP 03/15/202 128,981 $93K No change PIIIW P3 Health Partne -CW27 *W EXP 11/19/202 37,052 $38K No change SPWRW Sunpower Inc.-CW27 *W EXP 07/31/202 28,420 $17K No change KYCHR Keyarch Acquisition Corp.-RT RIGHT 01/24/2027 35,395 $9K No change
Total filed on the 13F, all lines: $81.6M.
Portfolio Sells Q4 2023 → Q1 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▲ X United States Steel Corp. Reduce -32.3% 7.38% −21.14 CPRI Capri Holdings Ltd. Reduce -24.9% 5.73% −12.86 SPLK Splunk Inc. Sold out 0.00% −0.02 SOVO Sovos Brands Inc. Sold out 0.00% −0.01 AMED Amedisys Inc. Sold out 0.00% −0.01 IQ Iqiyi Inc.-ADR Sold out 0.00% −0.01 AILWQ Arrowroot Acquisition Corp. Sold out 0.00% −0.00 SOHU Sohu.com Ltd.-ADR Sold out 0.00% −0.00 CPTAF Captivision Inc. Sold out 0.00% −0.00
Portfolio Buys Q4 2023 → Q1 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▼ HOLI Hollysys Automation Technolo Add +334.9% 36.11% +17.34 BILI Bilibili Inc.-Sponsored ADR New 7.36% +7.36 JNPR Juniper Networks Inc. New 6.20% +6.20 ANSS Ansys Inc. New 4.88% +4.88 DFS Discover Financial Services New 3.65% +3.65 RCM R1 RCM Inc. New 2.91% +2.91 BUD Anheuser-Busch Inbev-SPN ADR New 2.80% +2.80 M Macy's Inc. New 1.64% +1.64 IBIT iShares Bitcoin Trust ETF New 1.43% +1.43 EDR Endeavor Group Hold Class A New 1.33% +1.33 SRG Seritage Growth Prop- A New 1.27% +1.27 LEGT.U Legato Merger Corp. III New 0.33% +0.33 DOYU Douyu International Hold-ADR Add +4.5% 0.16% +0.16 HUYA Huya Inc.-ADR Add +4.6% 0.70% −0.48 JOYY Joyy Inc.-ADR Add +4.6% 2.03% −3.47 ACI Albertsons Cos Inc. Class A Add +22.1% 11.46% −10.63
Options Activity Q4 2023 → Q1 2024 Security Type Change vs Q4 2023 Underlying Shares Value ▼ VOD Vodafone Group PLC-SP ADR call New 500,000 $4.5M X United States Steel Corp. call New 100,000 $4.1M VZIO Vizio Holding Corp. Class A call New 300,000 $3.3M ANSS Ansys Inc. call Sold out 27,200 $10Kbefore exit EDR Endeavor Group Hold Class A call Sold out 350,000 $8Kbefore exit ACI Albertsons Cos Inc. Class A call Sold out 200,000 $5Kbefore exit CYTK Cytokinetics Inc. call Sold out 20,000 $2Kbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2023 → Q1 2024 Security Class Change vs Q4 2023 Shares / Principal Value ▼ MRNOW Murano Global BV-28 *W EXP 03/19/202 New 42,840 $665K HHLA.WS Hh&l Acquisition -A -CW26 *W EXP 02/04/202 Sold out 684,822 $7Kbefore exit HCMAW HCM Acquisition Corp.-A -CW27 *W EXP 01/20/202 Sold out 42,840 $479before exit ALVOW Alvotech SA -27 *W EXP 99/99/999 Sold out 38,075 $430before exit METALS ACQUISITION LTD *W EXP 06/15/202 Sold out 8,299 $95before exit
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 29 $277.8M WBD, MOMO, BEKE, NSC, JHG Q1 2026 32 $323.7M WBD, MOMO, BEKE, KVUE, VIPS Q4 2025 26 $248.1M KVUE, MOMO, BEKE, RNAM, HOLX Q3 2025 23 $153.9M BEKE, KVUE, GTLS, LBRDK, TXNM Q2 2025 23 $64.5M SKX, K, CHA, GB, ANSS Q1 2025 30 $78.8M K, ITCI, DFS, DESP, JNPR Q4 2024 23 $209.9M EDR, K, IBIT, LBRDK, SMAR Q3 2024 24 $307.6M EDR, PKX, IBIT, ACI, K Q2 2024 24 $168.6M EDR, HOLI, ACI, IBIT, VSTO Q1 2024 21 $76.1M HOLI, ACI, X, BILI, JNPR