MASO CAPITAL PARTNERS Ltd In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 18, 2025), MASO CAPITAL PARTNERS Ltd reported 15 stock positions worth $55.2 million . Its top holding was Fiscalnote (NOTE) at 28.7% of the portfolio, followed by Sohu.com Ltd.-ADR (SOHU, 21.9% ) and Joyy Inc.-ADR (JOYY, 21.1% ). Compared with Q1 2025, it opened 7 new positions, sold out of 9 and added to 4. The biggest buy was Oneconnect Financial Techno (OCFT, shares +14092% ) and the biggest sale an exit from Dada Nexus Ltd.-ADR (DADA).
Location HONG KONG, K3
CIK 0001698093
Portfolio Value $55.2M (Q2 2025) Holdings 15 stocks · $55.2M 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 2025 NOTE Fiscalnote Holdings Inc. 29,470,277 $15.8M Add +1.0% SOHU Sohu.com Ltd.-ADR 906,256 $12.1M No change JOYY Joyy Inc.-ADR 228,200 $11.6M No change EM Smart Share Global Ltd. - ADR 2,954,764 $3.4M Add +12.3% OCFT Oneconnect Financial Techno 439,966 $3.2M Add +14092.5% SKX Skechers USA Inc. Class A 48,500 $3.1M New OBAWU Oxley Bridge Acquisition Ltd. 250,000 $2.5M New ZK Zeekr Intelligent Techno-ADR 86,455 $2.2M New ALMU Aeluma Inc. 24,478 $401K New VKTX Viking Therapeutics Inc. 15,000 $398K New LAZRQ Luminar Technologies Inc. 100,000 $287K Add +100.0% GPCR Structure Therapeutics Inc. 13,000 $270K New ESLA Estrella Immunopharma Inc. 10,000 $10K No change NAMM Namib Minerals 300 $2K New CENN Cenntro Inc. 141 $109 No change
Other holdings (14): 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 $895K No change EQV VENTURES ACQUISITION *W EXP 07/01/203 266,666 $196K No change SIMAW Sim Acquisition Corp. - 29 *W EXP 06/01/203 500,000 $137K No change Colombier Acquisition - 29 *W EXP 11/24/202 23,333 $87K No change POLEW Andretti Acquisition Corp.-29 *W EXP 06/01/203 375,000 $75K No change MACIW Melar Acquisition Corp. I -29 *W EXP 06/01/203 162,500 $49K No change TONT.WS Graf Global Corp.- 29 *W EXP 05/31/203 125,000 $36K No change TGE.WS Generation Essentials - 30 *W EXP 02/15/202 66,666 $27K New LEGT.WS Legato Merger Corp. III-29 *W EXP 05/08/203 62,500 $17K No change LPAAW Launch One Acquisition - 29 *W EXP 06/01/203 50,000 $14K No change EURKR Eureka Acquisition Corp.-RTS RIGHT 07/03/2026 40,000 $9K No change CHEB.WS Chenghe Acquisition II - 29 *W EXP 05/30/203 100,000 $9K No change PRENW Prenetics Global Ltd. -CW26 *W EXP 05/18/202 49,015 $2K No change BSLKW Golden Arrow Merger A -CW26 *W EXP 08/13/202 65,048 $2K No change
Total filed on the 13F, all lines: $56.7M.
Portfolio Sells Q1 2025 → Q2 2025 Portfolio Sells quarter Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2025 % Of Portfolio Change To Portfolio ▲ DADA Dada Nexus Ltd.-ADR Sold out 0.00% −15.33 INTC Intel Corp. Sold out 0.00% −1.77 X United States Steel Corp. Sold out 0.00% −1.64 BABA Alibaba Group Holding-SP ADR Sold out 0.00% −1.44 AMD Advanced Micro Devices Sold out 0.00% −1.41 NKE Nike Inc. Class B Sold out 0.00% −1.38 SOUN Soundhound AI Inc. Class A Sold out 0.00% −0.86 FUBO Fubotv Inc. Sold out 0.00% −0.73 IONQ Ionq Inc. Sold out 0.00% −0.17
Portfolio Buys Q1 2025 → Q2 2025 Portfolio Buys quarter Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2025 % Of Portfolio Change To Portfolio ▼ OCFT Oneconnect Financial Techno Add +14092.5% 5.74% +5.71 SKX Skechers USA Inc. Class A New 5.55% +5.55 OBAWU Oxley Bridge Acquisition Ltd. New 4.54% +4.54 ZK Zeekr Intelligent Techno-ADR New 4.00% +4.00 EM Smart Share Global Ltd. - ADR Add +12.3% 6.11% +1.52 ALMU Aeluma Inc. New 0.73% +0.73 VKTX Viking Therapeutics Inc. New 0.72% +0.72 GPCR Structure Therapeutics Inc. New 0.49% +0.49 LAZRQ Luminar Technologies Inc. Add +100.0% 0.52% +0.10 NAMM Namib Minerals New 0.00% +0.00 NOTE Fiscalnote Holdings Inc. Add +1.0% 28.66% −8.05
Notes & Other Activity Q1 2025 → Q2 2025 Security Class Change vs Q1 2025 Shares / Principal Value ▼ USA RARE EARTH INC *W EXP 03/13/203 Sold out 41,700 $28Kbefore exit TGE.WS Generation Essentials - 30 *W EXP 02/15/202 New 66,666 $27K BSIIW Black Spade Acquisition -30 *W EXP 02/15/202 Sold out 66,666 $15Kbefore exit GBGWF Global Blue Group Holding AG *W EXP 08/28/202 Sold out 407,812 $9Kbefore exit PITWF Heramba Electric PLC-28 *W EXP 07/26/202 Sold out 59,368 $600before 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