Oasis Management Co Ltd.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Oasis Management Co Ltd. reported 63 stock positions worth $727.4 million. Its top holding was Vail Resorts (MTN) at 36.8% of the portfolio, followed by Hut 8 (HUT, 16.2%) and Vnet Group Inc.-ADR (VNET, 5.3%). Compared with Q4 2025, it opened 12 new positions, sold out of 7, added to 11 and reduced 9. The biggest buy was a new position in GDS Holdings Ltd. - ADR (GDS) and the biggest sale an exit from Tal Education Group- ADR (TAL).

Most Recent 13F
Q2 2026
Location
GRAND CAYMAN, E9
CIK
0001317904
Portfolio Value
$727.4M (Q1 2026)
SEC Filing
0001317904-26-000004 ↗ filed May 15, 2026

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $275.9M Q1 2024 Q2 2024: $294.6M Q2 2024 Q3 2024: $263.7M Q3 2024 Q4 2024: $285.6M Q4 2024 Q1 2025: $291.5M Q1 2025 Q2 2025: $414.3M Q2 2025 Q3 2025: $451.6M Q3 2025 Q4 2025: $652.2M Q4 2025 Q1 2026: $727.4M $727.4M Q1 2026 Q2 2026: $848.3M Q2 2026

Holdings 63 stocks · $727.4M
MTN Vail Resorts Inc. 36.84% 2,088,396 $268.0M Add +12.8%
HUT Hut 8 Corp. 16.17% 2,507,683 $117.6M Add +8.7%
VNET Vnet Group Inc.-ADR 5.33% 4,619,188 $38.8M Add +33.9%
CORZ Core Scientific Inc. 4.82% 2,343,729 $35.1M Reduce -11.3%
STRS Stratus Properties Inc. 4.76% 1,134,060 $34.6M No change
APLD Applied Digital Corp. 3.37% 1,032,817 $24.5M Add +40.9%
RBA RB Global Inc. 2.41% 183,244 $17.6M No change
GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD 2.30% 414,524 $16.7M New
EDU New Oriental Educatio-SP ADR 2.29% 294,382 $16.7M Add +89.4%
RLX RLX Technology Inc.-ADR 1.97% 6,497,600 $14.3M No change
GCT Gigacloud Technology Inc. Class A 1.95% 312,995 $14.2M No change
PDD PDD Holdings Inc. 1.60% 114,000 $11.6M New
ACMR Acm Research Inc. Class A 1.46% 270,088 $10.6M Add +15.4%
WEN The Wendy's Co. 1.44% 1,511,903 $10.5M Add +12601.9%
TBPH Theravance Biopharma Inc. 1.30% 583,490 $9.5M Reduce -19.8%
TDAY USA Today Co. Inc. 1.29% 1,329,832 $9.4M New
HTHT H World Group Ltd.-ADR 1.28% 184,879 $9.3M No change
ATHM Autohome Inc.-ADR 0.88% 367,978 $6.4M No change
JD Jd.com Inc.-ADR 0.76% 187,473 $5.5M Add +13.5%
AVR Anteris Technologies Global 0.66% 865,565 $4.8M Add +1039.6%
LITE Lumentum Holdings Inc. 0.66% 6,835 $4.8M Add +9.4%
FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD 0.56% 30,000 $4.1M No change
QFIN Qfin Holdings Inc.-ADR 0.56% 314,755 $4.1M No change
LX Lexinfintech Holdings L-ADR 0.52% 1,744,075 $3.8M No change
PERF Perfect Corp. 0.51% 2,200,623 $3.7M No change
SQNS Sequans Communications-ADR 0.49% 1,411,315 $3.6M No change
IQ Iqiyi Inc.-ADR 0.41% 2,234,402 $3.0M No change
KT KT Corp.-SP ADR 0.40% 135,037 $2.9M Reduce -62.3%
FINV Finvolution Group-ADR 0.34% 511,301 $2.4M New
MTAL.U Metals Acquisition Corp. II 0.28% 200,000 $2.0M New
ORBS Eightco Holdings Inc. 0.26% 2,000,000 $1.9M New
BABA Alibaba Group Holding-SP ADR 0.23% 13,543 $1.7M Add +0.3%
NVDA Nvidia Corp. 0.19% 8,000 $1.4M New
GHG Greentree Hospitality GR-ADR 0.19% 1,099,362 $1.4M No change
TSM Taiwan Semiconductor-SP ADR 0.14% 3,000 $1.0M No change
AVGO Broadcom Inc. 0.11% 2,680 $829K Reduce -87.3%
HUYA Huya Inc.-ADR 0.10% 230,000 $759K New
ZH Zhihu Inc. - ADR 0.09% 225,000 $639K No change
CSCO Cisco Systems Inc. 0.08% 7,500 $582K No change
AXTI Axt Inc. 0.08% 10,000 $570K No change
API Agora Inc.-ADR 0.07% 153,885 $545K No change
MT Arcelormittal-NY Registered 0.07% 10,000 $520K New
RERE Atrenew Inc. 0.06% 100,000 $469K No change
BIDU Baidu Inc. - Spon ADR 0.06% 4,100 $457K Reduce -33.3%
TUYA Tuya Inc. 0.06% 196,841 $455K No change
VFC VF Corp. 0.06% 25,000 $425K New
WRD Weride Inc.-ADR 0.06% 51,629 $418K New
NXDR Nextdoor Holdings Inc. 0.05% 250,000 $350K No change
OLPX Olaplex Holdings Inc. 0.05% 165,258 $335K Reduce -15.9%
HERE Here Group Ltd. 0.05% 93,753 $332K No change
UXIN Uxin Ltd. - ADR 0.04% 97,629 $300K No change
TER Teradyne Inc. 0.04% 1,000 $296K Reduce -85.7%
CLS Celestica Inc. 0.04% 937 $264K Reduce -89.5%
MOS The Mosaic Co. 0.04% 10,000 $255K New
HTT High Templar Tech Limited 0.03% 127,875 $248K No change
ABX Abacus Global Management Inc. 0.02% 23,000 $181K No change
ZKH ZKH Group Ltd. 0.02% 50,000 $148K No change
GRNT Granite Ridge Resources Inc. 0.02% 25,000 $147K No change
YSG Yatsen Holding Ltd.-ADR 0.02% 45,000 $139K No change
VIOT Viomi Technology Co. Ltd.-ADR 0.02% 100,000 $111K No change
ALTI Alti Global Inc. 0.01% 25,000 $91K No change
CRON Cronos Group Inc. 0.01% 22,806 $57K Reduce -97.5%
MGN Megan Holdings Ltd. Class A 0.00% 17,390 $3K No change

Options reported separately and not counted above: QQQ puts ($346.3M), IWM puts ($248.0M), EWJ puts ($126.7M), MTN calls ($102.7M), APLD calls ($23.7M), DOCU calls ($23.7M).

Other holdings (41): bonds, preferreds, convertibles and warrants · $118.2M (not counted above)
SecurityClassShares / PrincipalValueChange
ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) NOTE 0.500% 6/0 · principal 50,000,000$69.3MReduce -16.7%
VNET GROUP INC NOTE 2.000%10/0 · principal 20,000,000$22.4MNew
BEYOND MEAT INC (BYND 0 03/15/27) NOTE 3/1 · principal 10,000,000$8.0MNo change
TRIP.COM GROUP LTD (TCOM 0.75 06/15/29) NOTE 0.750% 6/1 · principal 5,000,000$5.2MNo change
NIO INC (NIO 3.875 10/15/29) NOTE 3.875%10/1 · principal 2,250,000$2.3MNo change
DAVEW Dave Inc. -CW27 *W EXP 01/05/202 6,368$1.1MNo change
AFRIW Forafric Global PLC -CW27 *W EXP 06/09/202 100,000$965KNo change
LANWF Lanvin Group Holdings Ltd.-27 *W EXP 01/14/202 581,304$878KNo change
YDESW YD Bio Ltd. -30 *W EXP 08/28/203 100,000$770KNo change
AENTW Adara Acquisition Class A -CW26 *W EXP 02/11/202 100,000$655KNo change
PRENW Prenetics Global Ltd. -CW26 *W EXP 05/18/202 33,333$644KNo change
PDYNW Sarcos Technology -CW27 *W EXP 09/24/202 100,000$607KNo change
SATLW Satellogic Inc.-A -23 *W EXP 01/25/202 100,000$544KNo change
NIOBW Niocorp Developments Ltd. -28 *W EXP 03/17/202 100,000$446KNo change
BNAIW Brand Engagement Netwo -CW27 *W EXP 03/14/202 10,000$379KReduce -90.0%
ANGHW Anghami Inc. -CW27 *W EXP 02/03/202 100,000$376KNo change
BBAI.WS Bigbear.ai Holdings -CW28 *W EXP 12/08/202 100,000$352KNo change
GGROW Gogoro Inc. -CW27 *W EXP 04/04/202 100,000$348KNo change
STLNW Oncology Institute Inc. CW-22 *W EXP 99/99/999 100,000$307KNo change
RMCOW American Acq Class A -CW26 *W EXP 10/31/202 100,000$297KNo change
SKYH.WS Yellowstone Acquisit A -CW25 *W EXP 01/25/202 29,439$283KNo change
CNCKW Coincheck Group NV *W EXP 12/11/202 160,430$237KNo change
AISPW Airship AI Holdings Inc.-CW28 *W EXP 12/21/202 100,000$226KNo change
BAERW Wildfire New Pubco Inc.-27 *W EXP 01/24/202 100,000$198KNo change
TMCWW TMC the Metals Co. Inc. -CW25I *W EXP 09/09/202 37,700$176KNo change
MDAIW Spectral AI -CW27 *W EXP 09/11/202 100,000$147KNo change
GDEV INC *W EXP 99/99/999 10,000$140KNo change
SDAWW Suncar Technology Group -28 *W EXP 05/17/202 66,890$114KNo change
ABVWF Above Food Ingredients- 29 *W EXP 06/28/202 100,000$101KNo change
ECXWW Ecarx Holdings Inc. Class A-27 *W EXP 99/99/999 100,000$98KNo change
CCGWW Cheche Group Inc. - 28 *W EXP 10/01/203 100,000$88KNo change
PERFF Perfect Corp. *W EXP 10/28/202 50,000$85KNo change
COCHW Envoy Medical Inc.-CW27 *W EXP 09/29/202 100,000$67KNo change
ARBEW Arbe Robotics Ltd. -CW26 *W EXP 99/99/999 100,000$61KNo change
COOTW Australian Oilseeds Holdi-29 *W EXP 03/22/202 100,000$60KNo change
MLECW Moolec Science SA *W EXP 01/30/202 10,000$59KNo change
VLNWF Valens Semiconductor -CW26 *W EXP 09/30/202 50,000$57KNo change
BILL HOLDINGS INC (BILL 0 04/01/30) NOTE 4/0 · principal 50,000$44KNo change
SPWRW Sunpower Inc.-CW27 *W EXP 07/31/202 18,033$23KNo change
CXAIW Kins Tech Group Class A -CW25 *W EXP 99/99/999 100,000$18KNo change
SLXNW Biomotion Sciences-CW29 *W EXP 08/15/202 11,111$14KNo change

Total filed on the 13F, all lines: $845.6M.

Portfolio Sells Q4 2025 → Q1 2026
TAL Tal Education Group- ADR Sold out 0.00% −1.15
CORZ Core Scientific Inc. Reduce -11.3% 4.82% −1.08
AVGO Broadcom Inc. Reduce -87.3% 0.11% −1.01
BZ Kanzhun Ltd. - ADR Sold out 0.00% −0.85
TBPH Theravance Biopharma Inc. Reduce -19.8% 1.30% −0.78
SE Sea Ltd.-ADR Sold out 0.00% −0.72
KT KT Corp.-SP ADR Reduce -62.3% 0.40% −0.64
CLS Celestica Inc. Reduce -89.5% 0.04% −0.37
CRON Cronos Group Inc. Reduce -97.5% 0.01% −0.36
AMZN Amazon.com Inc. Sold out 0.00% −0.25
AMKR Amkor Technology Inc. Sold out 0.00% −0.19
TER Teradyne Inc. Reduce -85.7% 0.04% −0.17
SOXX iShares Semiconductor ETF Sold out 0.00% −0.14
BIDU Baidu Inc. - Spon ADR Reduce -33.3% 0.06% −0.06
RIOT Riot Platforms Inc. Sold out 0.00% −0.03
OLPX Olaplex Holdings Inc. Reduce -15.9% 0.05% +0.01

Portfolio Buys Q4 2025 → Q1 2026
GDS GDS Holdings Ltd. - ADR New 2.30% +2.30
PDD PDD Holdings Inc. New 1.60% +1.60
WEN The Wendy's Co. Add +12601.9% 1.44% +1.43
TDAY USA Today Co. Inc. New 1.29% +1.29
EDU New Oriental Educatio-SP ADR Add +89.4% 2.29% +0.98
VNET Vnet Group Inc.-ADR Add +33.9% 5.33% +0.85
APLD Applied Digital Corp. Add +40.9% 3.37% +0.62
AVR Anteris Technologies Global Add +1039.6% 0.66% +0.60
FINV Finvolution Group-ADR New 0.34% +0.34
LITE Lumentum Holdings Inc. Add +9.4% 0.66% +0.31
MTAL.U Metals Acquisition Corp. II New 0.28% +0.28
ORBS Eightco Holdings Inc. New 0.26% +0.26
NVDA Nvidia Corp. New 0.19% +0.19
HUYA Huya Inc.-ADR New 0.10% +0.10
MT Arcelormittal-NY Registered New 0.07% +0.07
VFC VF Corp. New 0.06% +0.06
WRD Weride Inc.-ADR New 0.06% +0.06
ACMR Acm Research Inc. Class A Add +15.4% 1.46% +0.05
JD Jd.com Inc.-ADR Add +13.5% 0.76% +0.04
MOS The Mosaic Co. New 0.04% +0.04
BABA Alibaba Group Holding-SP ADR Add +0.3% 0.23% −0.07
HUT Hut 8 Corp. Add +8.7% 16.17% −0.08
MTN Vail Resorts Inc. Add +12.8% 36.84% −0.85

Options Activity Q4 2025 → Q1 2026
SPY SS SPDR S&P 500 ETF Trust-US put Sold out 550,000 $375.1Mbefore exit
QQQ Invesco QQQ Trust Series 1 put Add +200.0% 600,000 $346.3M
EWJ iShares MSCI Japan ETF put New 1,500,000 $126.7M
MTN Vail Resorts Inc. call New 800,000 $102.7M
APLD Applied Digital Corp. call Add +100.0% 1,000,000 $23.7M
DOCU Docusign Inc. call New 500,000 $23.7M
BIDU Baidu Inc. - Spon ADR call Sold out 94,900 $12.4Mbefore 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 2025 → Q1 2026
ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) NOTE 0.500% 6/0 · principal Reduce -16.7% 50,000,000 $69.3M
VNET GROUP INC NOTE 2.000%10/0 · principal New 20,000,000 $22.4M
BNAIW Brand Engagement Netwo -CW27 *W EXP 03/14/202 Reduce -90.0% 10,000 $379K
DFNSW T3 Defense Inc.-CW28 *W EXP 12/22/202 Sold out 17,500 $71Kbefore exit
CRPWF Carbon Revolution PLC *W EXP 99/99/999 Sold out 10,000 $18Kbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 65$848.3MMTN, APLD, ACMR, HUT, CORZ
Q1 2026 63$727.4MMTN, HUT, VNET, CORZ, STRS
Q4 2025 58$652.2MMTN, HUT, CORZ, VNET, STRS
Q3 2025 63$451.6MMTN, VNET, STRS, APLD, RBA
Q2 2025 54$414.3MMTN, VNET, STRS, SQNS, RBA
Q1 2025 51$291.5MAPLD, VNET, STRS, RBA, NBIS
Q4 2024 46$285.6MAPLD, NBIS, LB, RBA, VNET
Q3 2024 38$263.7MAPLD, STRS, RBA, VNET, ATHM
Q2 2024 35$294.6MHOLI, APLD, STRS, RBA, DOYU
Q1 2024Amended 31$275.9MHOLI, STRS, APLD, RBA, IQ