MASO CAPITAL PARTNERS Ltd In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), MASO CAPITAL PARTNERS Ltd reported 21 stock positions worth $94.3 million . Its top holding was Fiscalnote (NOTE) at 44.7% of the portfolio, followed by Sohu.com Ltd.-ADR (SOHU, 13.1% ) and Joyy Inc.-ADR (JOYY, 10.3% ). Compared with Q1 2024, it opened 5 new positions, sold out of 11, added to 2 and reduced 1. The biggest buy was Sohu.com Ltd.-ADR (SOHU, shares +11% ) and the biggest sale an exit from Hollysys Automation Technolo (HOLI).
Location HONG KONG, K3
CIK 0001698093
Portfolio Value $94.3M (Q2 2024) Holdings 21 stocks · $94.3M Holdings quarter Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q1 2024 NOTE Fiscalnote Holdings Inc. 28,913,731 $42.2M No change SOHU Sohu.com Ltd.-ADR 887,782 $12.4M Add +11.3% JOYY Joyy Inc.-ADR 322,400 $9.7M Add +10.3% VNET Vnet Group Inc.-ADR 1,853,771 $3.9M No change MANU Manchester United PLC Class A 208,666 $3.4M No change MACIU Melar Acquisition Corp. I 325,000 $3.3M New BRC INC-A 450,000 $2.8M Reduce -10.0% TONT.U Graf Global Corp. 250,000 $2.5M New HCVI Hennessy Capital Invest Class A 230,492 $2.4M No change ORCL Oracle Corp. 15,700 $2.2M No change IP International Paper Co. 50,000 $2.2M New CHEB.U Chenghe Acquisition II Co. 200,000 $2.0M New HES Hess Corp. 10,000 $1.5M No change LEGT.U Legato Merger Corp. III 125,000 $1.3M No change USAR USA Rare Earth Inc. filed as INFLECTION PT ACQUISITN CRP 100,000 $1.1M No change X United States Steel Corp. 25,000 $945K No change COLOMBIER ACQUISITION CORP 70,000 $719K New ESLA Estrella Immunopharma Inc. 10,000 $11K No change BSLKW Golden Arrow Merger Corp. 65,048 $10K No change FARADAY FUTURE INTLGT ELEC I 4,554 $2K No change CENN Cenntro Inc. 141 $210 No change
Other holdings (7): bonds, preferreds, convertibles and warrants · $1.6M (not counted above) Security Class Shares / Principal Value Change NOTEW Fiscalnote Holdings Inc.-CW25 *W EXP 07/29/202 9,000,000 $1.6M No change GBGWF Global Blue Group Holding AG *W EXP 08/28/202 407,812 $33K No change TGAWF Target Global Acq I -CW27 *W EXP 12/08/202 66,665 $7K No change Colombier Acquisition - 29 *W EXP 11/24/202 23,333 $7K New PROJECT ENERGY REIMAGINED AC *W EXP 99/99/999 59,368 $5K No change USARW Inflection Point Acquis-C-28 *W EXP 08/31/202 50,000 $5K No change PRENW Prenetics Global Ltd. -CW26 *W EXP 05/18/202 49,015 $681 No change
Total filed on the 13F, all lines: $96.0M.
Portfolio Sells Q1 2024 → Q2 2024 Portfolio Sells quarter Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2024 % Of Portfolio Change To Portfolio ▲ HOLI Hollysys Automation Technolo Sold out 0.00% −21.31 PXD Pioneer Natural Resources Co. Sold out 0.00% −5.93 SIMO Silicon Motion Technol-ADR Sold out 0.00% −5.44 TDCX TDCX Inc. Sold out 0.00% −4.38 FUSN Fusion Pharmaceuticals Inc. Sold out 0.00% −2.41 SCRM Screaming Eagle Acq Class A Sold out 0.00% −1.61 MAC COPPER LTD Sold out 0.00% −1.44 PEGR Project Energy Reimagined Ac Sold out 0.00% −0.99 CLBR.U Colombier Acquis Corp. II Sold out 0.00% −0.55 BUD Anheuser-Busch Inbev-SPN ADR Sold out 0.00% −0.46 NU Nu Holdings Ltd./Cayman Isl-A Sold out 0.00% −0.45 BRC INC-A Reduce -10.0% 2.92% +1.31
Portfolio Buys Q1 2024 → Q2 2024 Portfolio Buys quarter Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2024 % Of Portfolio Change To Portfolio ▼ SOHU Sohu.com Ltd.-ADR Add +11.3% 13.10% +6.75 JOYY Joyy Inc.-ADR Add +10.3% 10.28% +3.51 MACIU Melar Acquisition Corp. I New 3.45% +3.45 TONT.U Graf Global Corp. New 2.65% +2.65 IP International Paper Co. New 2.29% +2.29 CHEB.U Chenghe Acquisition II Co. New 2.12% +2.12 COLOMBIER ACQUISITION CORP New 0.76% +0.76
Notes & Other Activity Q1 2024 → Q2 2024 Security Class Change vs Q1 2024 Shares / Principal Value ▼ METALS ACQUISITION LTD *W EXP 06/15/202 Sold out 100,000 $206Kbefore exit Colombier Acquisition - 29 *W EXP 11/24/202 New 23,333 $7K HGASW Dune Acq Class A -CW27 *W EXP 12/21/202 Sold out 109,221 $4Kbefore exit VIWWQ View Inc. -CW27 *W EXP 03/08/202 Sold out 37,233 $0before exit
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q3 2025 30 $59.7M SOHU, NOTE, JOYY, OCFT, OBAWU Q2 2025 15 $55.2M NOTE, SOHU, JOYY, EM, OCFT Q1 2025 17 $64.2M NOTE, SOHU, DADA, JOYY, EM Q4 2024 17 $77.4M NOTE, JOYY, SOHU, VNET, IWM Q3 2024 21 $105.2M NOTE, SOHU, JOYY, FTW.U, VNET Q2 2024 21 $94.3M NOTE, SOHU, JOYY, VNET, MANU Q1 2024 27 $132.8M NOTE, HOLI, JOYY, SOHU, PXD