NINE MASTS CAPITAL Ltd
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 12, 2024), NINE MASTS CAPITAL Ltd reported 59 stock positions worth $198.3 million. Its top holding was iShares Bitcoin Trust ETF (IBIT) at 21.3% of the portfolio, followed by HDFC Bank Ltd.-ADR (HDB, 19.7%) and Berkshire Hathaway Class A (BRK.A, 8.4%). Compared with Q2 2024, it opened 21 new positions, sold out of 71, added to 14 and reduced 22. The biggest buy was iShares Bitcoin Trust ETF (IBIT, shares +3022%) and the biggest sale an exit from Alphabet Class A (GOOGL).
- Most Recent 13F
- Q2 2026
- Location
- CENTRAL, K3
- CIK
- 0001569356
- Portfolio Value
- $198.3M (Q3 2024)
- SEC Filing
- 0001085146-24-005490 ↗ filed Nov 12, 2024
Holdings Value
Holdings 59 stocks · $198.3M
| IBIT iShares Bitcoin Trust ETF | 21.34% | 1,171,282 | $42.3M | Add +3021.9% |
| HDB HDFC Bank Ltd.-ADR | 19.68% | 623,890 | $39.0M | Add +2.3% |
| BRK.A Berkshire Hathaway Inc. Class A | 8.36% | 24 | $16.6M | New |
| QQQ Invesco QQQ Trust Series 1 | 6.85% | 27,850 | $13.6M | New |
| ASX Ase Technology Holding -ADR | 4.88% | 991,389 | $9.7M | New |
| XLK SS Technology Select Sector | 4.81% | 42,227 | $9.5M | Reduce -41.5% |
| ZG Zillow Group Inc. Class A | 3.47% | 111,036 | $6.9M | Add +93.5% |
| NWSA News Corp. Class A | 3.27% | 243,249 | $6.5M | New |
| ISRLF Israel Acquisitions Corp. Class A | 2.25% | 400,000 | $4.5M | No change |
| BST BlackRock Science & Tech TR | 2.14% | 120,000 | $4.3M | New |
| ONC Beone Medicines Ltd.-ADR filed as BEIGENE LTD | 2.12% | 17,409 | $4.2M | Add +924.1% |
| IWM iShares Russell 2000 ETF | 2.03% | 18,225 | $4.0M | New |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 1.91% | 47,250 | $3.8M | New |
| TECK Teck Resources Ltd.-CLS B | 1.49% | 56,532 | $3.0M | Add +413.9% |
| BTT BlackRock 2030 Muni TRGT TRM | 0.92% | 84,634 | $1.8M | Add +37.2% |
| COP Conocophillips | 0.89% | 16,808 | $1.8M | Add +25.7% |
| FOX Fox Corp. Class B | 0.85% | 43,444 | $1.7M | Add +36.1% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.85% | 40,029 | $1.7M | Add +246.6% |
| YUMC Yum China Holdings Inc. | 0.78% | 32,636 | $1.5M | New |
| SMAR Smartsheet Inc. Class A | 0.70% | 25,203 | $1.4M | New |
| BEP Brookfield Renewable Partner | 0.57% | 40,468 | $1.1M | New |
| EOG EOG Resources Inc. | 0.55% | 8,912 | $1.1M | Reduce -9.1% |
| KHC The Kraft Heinz Co. | 0.50% | 28,502 | $1.0M | Reduce -20.6% |
| BLE BlackRock Muni Inc. TR II | 0.50% | 87,989 | $991K | Add +12.9% |
| GRND Grindr Inc. | 0.48% | 80,000 | $954K | Reduce -20.0% |
| BFK BlackRock Municipal Inc. TRST | 0.47% | 87,363 | $923K | Add +5.6% |
| MUC BlackRock Munihold Ca QLTY | 0.46% | 79,816 | $919K | Add +27.7% |
| BBN BlackRock Taxable Muni BND | 0.46% | 51,474 | $917K | Reduce -57.9% |
| PMO Franklin Muncipl Opps Tst-Ui | 0.44% | 79,579 | $867K | Add +21.2% |
| HQH Abrdn Healthcare Investors | 0.43% | 45,939 | $855K | Reduce -40.6% |
| VALE Vale SA-SP ADR | 0.39% | 66,771 | $780K | New |
| ABNB Airbnb Inc. Class A | 0.36% | 5,560 | $705K | New |
| LEGN Legend Biotech Corp.-ADR | 0.33% | 13,609 | $663K | New |
| PML PIMCO Municipal Income FD II | 0.32% | 68,136 | $640K | Reduce -50.2% |
| NMCO Nuveen Municipal Credit Opp | 0.32% | 54,614 | $637K | Reduce -72.0% |
| WDS Woodside Energy Group-ADR | 0.30% | 34,317 | $598K | No change |
| MUJ BlackRock Munihold NJ QLTY | 0.28% | 46,592 | $565K | Reduce -16.1% |
| LEO BNY Mellon Strategic Muni | 0.24% | 73,382 | $478K | Reduce -20.5% |
| DSM BNYM Strat Muni BND filed as BNY MELLON STRATEGIC MUN BD | 0.24% | 75,885 | $473K | New |
| GTLB Gitlab Inc. Class A | 0.23% | 9,020 | $465K | New |
| HTHT H World Group Ltd.-ADR | 0.21% | 10,877 | $426K | New |
| JOYY Joyy Inc.-ADR | 0.18% | 9,635 | $349K | Reduce -87.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.18% | 3,610 | $347K | New |
| NAD Nuveen Quality Municipal Inc. | 0.16% | 26,184 | $324K | Reduce -89.2% |
| NBH Neuberger Municipal Fund Inc. | 0.16% | 28,667 | $318K | Reduce -21.0% |
| VGM Invesco Trust for Investmen | 0.15% | 28,982 | $306K | Reduce -36.9% |
| VKQ Invesco Municipal Trust | 0.15% | 28,564 | $293K | Reduce -56.9% |
| RTO Rentokil Initial PLC-SP ADR | 0.14% | 11,450 | $285K | New |
| XBKNX BlackRock Invest QLTY Muni | 0.14% | 21,391 | $276K | Add +0.1% |
| VKTX Viking Therapeutics Inc. | 0.14% | 4,298 | $272K | Reduce -91.5% |
| NAC Nuveen Ca QLTY Muni Inc. | 0.12% | 20,421 | $243K | Reduce -81.3% |
| MMU Western Asset Managed Munici | 0.12% | 21,753 | $236K | Reduce -70.5% |
| QCOM Qualcomm Inc. | 0.12% | 1,368 | $233K | New |
| XMVFX BlackRock Munivest Fund | 0.11% | 29,247 | $222K | Reduce -32.0% |
| TCOM Trip.com Group Ltd.-ADR | 0.11% | 3,500 | $221K | New |
| PBR Petroleo Brasileiro-Spon ADR | 0.09% | 12,943 | $187K | Reduce -76.5% |
| GOOS Canada Goose Holdings Inc. | 0.08% | 12,972 | $163K | New |
| AMD Advanced Micro Devices | 0.07% | 800 | $131K | Reduce -91.3% |
| VMO Invesco Municipal Opport | 0.06% | 10,725 | $110K | Reduce -74.3% |
Options reported separately and not counted above: AEM calls ($754K), FCX puts ($624K), SLB puts ($575K), FCX calls ($534K), COP puts ($524K), SHOP puts ($517K), ABNB puts ($428K), REGN calls ($411K), SHOP calls ($318K), EOG puts ($316K), AMD puts ($312K), ADBE puts ($309K), and 34 more.
Other holdings (6): bonds, preferreds, convertibles and warrants · $1.3M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| GRND.WS Grindr Inc. -26 | *W EXP 11/18/202 · principal | 407,186 | $1.2M | No change |
| NOTEW Fiscalnote Holdings Inc.-CW25 | *W EXP 07/29/202 · principal | 299,447 | $45K | No change |
| ISLWF Israel Acquisitions Corp.-28 | *W EXP 99/99/999 · principal | 400,000 | $12K | No change |
| NIO INC (NIO 0.5 02/01/27) | NOTE 0.500% 2/0 · principal | 7,500 | $7K | Add +50.0% |
| BILIBILI INC (BILI 0.5 12/01/26) | NOTE 0.500%12/0 · principal | 5,500 | $5K | Add +83.3% |
| PRENW Prenetics Global Ltd. -CW26 | *W EXP 05/18/202 · principal | 362,456 | $4K | No change |
Total filed on the 13F, all lines: $199.6M.
Portfolio Sells Q2 2024 → Q3 2024
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −16.09 |
| EEM iShares MSCI Emerging Market | Sold out | 0.00% | −6.33 |
| TYL Tyler Technologies Inc. | Sold out | 0.00% | −4.07 |
| XLK SS Technology Select Sector | Reduce -41.5% | 4.81% | −2.54 |
| HUBS HubSpot Inc. | Sold out | 0.00% | −1.66 |
| NVG Nuveen Amt-FR Muni CRDT | Sold out | 0.00% | −1.58 |
| XYZ Block Inc. | Sold out | 0.00% | −1.37 |
| NZF Nuveen Municipal Credit Inc. | Sold out | 0.00% | −1.23 |
| WDC Western Digital Corp. | Sold out | 0.00% | −1.21 |
| XNEAX Nuveen Amt-FR QLTY Muni Inc. | Sold out | 0.00% | −1.18 |
| NAD Nuveen Quality Municipal Inc. | Reduce -89.2% | 0.16% | −1.12 |
| NTNX Nutanix Inc. Class A | Sold out | 0.00% | −1.10 |
| VKTX Viking Therapeutics Inc. | Reduce -91.5% | 0.14% | −1.07 |
| BHP BHP Group Ltd.-Spon ADR | Sold out | 0.00% | −0.99 |
| ZTO Zto Express Cayman Inc.-ADR | Sold out | 0.00% | −0.99 |
| NMZ Nuveen Muni Hi Inc. Opport | Sold out | 0.00% | −0.94 |
| KB KB Financial Group Inc.-ADR | Sold out | 0.00% | −0.92 |
| BLKB Blackbaud Inc. | Sold out | 0.00% | −0.91 |
| AER Aercap Holdings NV | Sold out | 0.00% | −0.88 |
| JOYY Joyy Inc.-ADR | Reduce -87.3% | 0.18% | −0.85 |
| DXC DXC Technology Co. | Sold out | 0.00% | −0.80 |
| RCM R1 RCM Inc. | Sold out | 0.00% | −0.74 |
| NUV Nuveen Municipal Value | Sold out | 0.00% | −0.71 |
| TKO Tko Group Holdings Inc. | Sold out | 0.00% | −0.70 |
| NMCO Nuveen Municipal Credit Opp | Reduce -72.0% | 0.32% | −0.65 |
| ENV Envestnet Inc. | Sold out | 0.00% | −0.62 |
| AMD Advanced Micro Devices | Reduce -91.3% | 0.07% | −0.61 |
| FCX Freeport-McMoran Inc. | Sold out | 0.00% | −0.60 |
| SPR Spirit Aerosystems Hold Class A | Sold out | 0.00% | −0.59 |
| IIM Invesco Value Municipal Inco | Sold out | 0.00% | −0.58 |
| BHC Bausch Health Cos Inc. | Sold out | 0.00% | −0.57 |
| AL Sumisho Air Lease Corp. | Sold out | 0.00% | −0.55 |
| INFA Informatica Inc. Class A | Sold out | 0.00% | −0.49 |
| NAC Nuveen Ca QLTY Muni Inc. | Reduce -81.3% | 0.12% | −0.44 |
| XMUIX BlackRock Municipal Income | Sold out | 0.00% | −0.44 |
| BBN BlackRock Taxable Muni BND | Reduce -57.9% | 0.46% | −0.44 |
| INDI Indie Semiconductor Inc. Class A | Sold out | 0.00% | −0.42 |
| SPOT Spotify Technology SA | Sold out | 0.00% | −0.40 |
| XNCMX Nuveen Ca Amt-FR Muni Inc. | Sold out | 0.00% | −0.30 |
| NTES Netease Inc.-ADR | Sold out | 0.00% | −0.28 |
| PBR Petroleo Brasileiro-Spon ADR | Reduce -76.5% | 0.09% | −0.26 |
| MHD BlackRock Muniholdings Fund | Sold out | 0.00% | −0.26 |
| MMU Western Asset Managed Munici | Reduce -70.5% | 0.12% | −0.22 |
| CMG Chipotle Mexican Grill Inc. | Sold out | 0.00% | −0.21 |
| PML PIMCO Municipal Income FD II | Reduce -50.2% | 0.32% | −0.20 |
| FANG Diamondback Energy Inc. | Sold out | 0.00% | −0.20 |
| CRTO Criteo SA-Spon | Sold out | 0.00% | −0.19 |
| AR Antero Resources Corp. | Sold out | 0.00% | −0.18 |
| HQH Abrdn Healthcare Investors | Reduce -40.6% | 0.43% | −0.18 |
| SIRI Sirius XM Holdings Inc. | Sold out | 0.00% | −0.17 |
Portfolio Buys Q2 2024 → Q3 2024
| IBIT iShares Bitcoin Trust ETF | Add +3021.9% | 21.34% | +20.76 |
| BRK.A Berkshire Hathaway Inc. Class A | New | 8.36% | +8.36 |
| QQQ Invesco QQQ Trust Series 1 | New | 6.85% | +6.85 |
| ASX Ase Technology Holding -ADR | New | 4.88% | +4.88 |
| NWSA News Corp. Class A | New | 3.27% | +3.27 |
| ZG Zillow Group Inc. Class A | Add +93.5% | 3.47% | +2.30 |
| BST BlackRock Science & Tech TR | New | 2.14% | +2.14 |
| IWM iShares Russell 2000 ETF | New | 2.03% | +2.03 |
| HDB HDFC Bank Ltd.-ADR | Add +2.3% | 19.68% | +2.02 |
| ONC Beone Medicines Ltd.-ADR | Add +924.1% | 2.12% | +2.01 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | New | 1.91% | +1.91 |
| TECK Teck Resources Ltd.-CLS B | Add +413.9% | 1.49% | +1.25 |
| YUMC Yum China Holdings Inc. | New | 0.78% | +0.78 |
| SMAR Smartsheet Inc. Class A | New | 0.70% | +0.70 |
| SLB SLB Ltd. | Add +246.6% | 0.85% | +0.60 |
| BEP Brookfield Renewable Partner | New | 0.57% | +0.57 |
| VALE Vale SA-SP ADR | New | 0.39% | +0.39 |
| FOX Fox Corp. Class B | Add +36.1% | 0.85% | +0.39 |
| ABNB Airbnb Inc. Class A | New | 0.36% | +0.36 |
| BTT BlackRock 2030 Muni TRGT TRM | Add +37.2% | 0.92% | +0.35 |
| LEGN Legend Biotech Corp.-ADR | New | 0.33% | +0.33 |
| DSM BNYM Strat Muni BND | New | 0.24% | +0.24 |
| GTLB Gitlab Inc. Class A | New | 0.23% | +0.23 |
| HTHT H World Group Ltd.-ADR | New | 0.21% | +0.21 |
| COP Conocophillips | Add +25.7% | 0.89% | +0.20 |
| DIS The Walt Disney Co. | New | 0.18% | +0.18 |
| MUC BlackRock Munihold Ca QLTY | Add +27.7% | 0.46% | +0.15 |
| RTO Rentokil Initial PLC-SP ADR | New | 0.14% | +0.14 |
| PMO Franklin Muncipl Opps Tst-Ui | Add +21.2% | 0.44% | +0.13 |
| BLE BlackRock Muni Inc. TR II | Add +12.9% | 0.50% | +0.12 |
| QCOM Qualcomm Inc. | New | 0.12% | +0.12 |
| TCOM Trip.com Group Ltd.-ADR | New | 0.11% | +0.11 |
| BFK BlackRock Municipal Inc. TRST | Add +5.6% | 0.47% | +0.09 |
| GOOS Canada Goose Holdings Inc. | New | 0.08% | +0.08 |
| XBKNX BlackRock Invest QLTY Muni | Add +0.1% | 0.14% | +0.02 |
Options Activity Q2 2024 → Q3 2024
| TSM Taiwan Semiconductor-SP ADR | call | Sold out | 110,000 | $734Kbefore exit |
| TLT iShares 20+ Year Treasury BD | put | Sold out | 330,000 | $696Kbefore exit |
| FCX Freeport-McMoran Inc. | put | Add +80.0% | 135,000 | $624K |
| FCX Freeport-McMoran Inc. | call | Add +100.0% | 100,000 | $534K |
| SHOP Shopify Inc. Class A | put | New | 30,000 | $517K |
| SHOP Shopify Inc. Class A | call | New | 33,000 | $318K |
| ADBE Adobe Inc. | put | New | 4,500 | $309K |
| CTSH Cognizant Tech Solutions-A | put | New | 30,000 | $230K |
| ADSK Autodesk Inc. | call | New | 8,000 | $225K |
| ADSK Autodesk Inc. | put | New | 8,800 | $220K |
| CTSH Cognizant Tech Solutions-A | call | New | 33,000 | $219K |
| ADBE Adobe Inc. | call | New | 5,000 | $215K |
| WDAY Workday Inc. Class A | call | New | 6,000 | $200K |
| DIS The Walt Disney Co. | put | New | 14,000 | $180K |
| DD Dupont DE Nemours Inc. | call | New | 15,000 | $175K |
| MDT Medtronic PLC | put | New | 25,000 | $172K |
| LIN Linde PLC | put | New | 5,500 | $171K |
| MDT Medtronic PLC | call | New | 27,500 | $151K |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | New | 315,000 | $143K |
| LIN Linde PLC | call | New | 5,000 | $137K |
| WDAY Workday Inc. Class A | put | New | 6,000 | $126K |
| DIS The Walt Disney Co. | call | New | 15,000 | $96K |
| GDS GDS Holdings Ltd. - ADR | put | New | 59,700 | $66K |
| DD Dupont DE Nemours Inc. | put | New | 15,000 | $62K |
| LEGN Legend Biotech Corp.-ADR | call | New | 40,900 | $49K |
| SMAR Smartsheet Inc. Class A | put | New | 23,200 | $580 |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2024 → Q3 2024
| WOLF Wolfspeed Inc. (wolf 0.25 02/15/28) | NOTE 0.250% 2/1 · principal | Sold out | 12,500 | $7.4Mbefore exit |
| ON SEMICONDUCTOR CORP (ON 0.5 03/01/29) | NOTE 0.500% 3/0 · principal | Sold out | 5,000 | $4.8Mbefore exit |
| CLOUDFLARE INC (NET 0 08/15/26) | NOTE 8/1 · principal | Sold out | 5,000 | $4.6Mbefore exit |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A · principal | Sold out | 950,000 | $434Kbefore exit |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 · principal | Sold out | 700,000 | $346Kbefore exit |
| MRDB.WS Mariadb PLC-27 | *W EXP 12/16/202 · principal | Sold out | 288,530 | $43Kbefore exit |
| NIO INC (NIO 0.5 02/01/27) | NOTE 0.500% 2/0 · principal | Add +50.0% | 7,500 | $7K |
| BILIBILI INC (BILI 0.5 12/01/26) | NOTE 0.500%12/0 · principal | Add +83.3% | 5,500 | $5K |
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 | 87 | $713.8M | SPY, HDB, WBD, FOX, SLAB |
| Q1 2026 | 155 | $451.1M | GOOG, HDB, FOX, WBD, SLAB |
| Q4 2025 | 110 | $445.7M | IBIT, SPY, NSC, FOX, CYBR |
| Q3 2025 | 35 | $220.0M | GOOG, FOX, HDB, CUK, VALE |
| Q2 2025 | 53 | $240.4M | IBIT, GOOG, RYAAY, FOX, LBRDK |
| Q1 2025 | 11 | $111.6M | GOOGL, HDB, ASX, BRK.A, FOX |
| Q4 2024 | 82 | $517.7M | IVV, IBIT, SPY, HDB, BRK.A |
| Q3 2024 | 59 | $198.3M | IBIT, HDB, BRK.A, QQQ, ASX |
| Q2 2024 | 109 | $222.2M | HDB, GOOGL, XLK, EEM, TYL |
| Q1 2024 | 57 | $142.5M | GOOGL, HDB, EEM, BHC, TYL |