Ovata Capital Management Ltd
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 30, 2026), Ovata Capital Management Ltd reported 43 stock positions worth $1.3 billion. Its top holding was Seagate HDD Cayman (stx 3.5 06/01/28) at 26.8% of the portfolio, followed by WEC Energy Group Inc. (wec 4.375 06/01/27) (6.4%) and PPL Capital Funding Inc. (ppl 2.875 03/15/28) (5.8%). Compared with Q1 2026, it opened 27 new positions, sold out of 20, added to 8 and reduced 7. The biggest buy was a new position in Seagate HDD Cayman (stx 3.5 06/01/28) and the biggest sale an exit from Jazz Investments I Ltd. (jazz 2 06/15/26).
- Most Recent 13F
- Q2 2026
- Location
- HONG KONG, K3
- CIK
- 0001724517
- Portfolio Value
- $1.3B (Q2 2026)
- SEC Filing
- 0001724517-26-000005 ↗ filed Jul 30, 2026
Holdings Value
Holdings 43 stocks · $1.3B
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | 26.81% | 30,559,000 | $357.3M | New |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/27) | 6.36% | 70,000,000 | $84.7M | Add +155.4% |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | 5.75% | 67,500,000 | $76.6M | Add +35.0% |
| CLOUDFLARE INC (NET 0 08/15/26) | 5.32% | 55,000,000 | $70.9M | New |
| HDB HDFC Bank Ltd.-ADR | 3.80% | 1,972,276 | $50.6M | Reduce -0.7% |
| RYAAY Ryanair Holdings PLC-SP ADR | 3.54% | 731,344 | $47.2M | Reduce -44.6% |
| WAYFAIR INC (W 3.25 09/15/27) | 3.52% | 30,684,000 | $46.9M | New |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | 3.32% | 37,000,000 | $44.3M | Add +64.4% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | 3.16% | 35,000,000 | $42.1M | New |
| ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) | 3.07% | 32,562,000 | $40.9M | Add +334.2% |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | 2.94% | 12,500,000 | $39.2M | New |
| SOUTHERN CO (SO 4.5 06/15/27) | 2.82% | 34,000,000 | $37.5M | Add +74.4% |
| IBIT iShares Bitcoin Trust ETF | 2.76% | 1,108,805 | $36.8M | Reduce -3.0% |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | 2.70% | 30,500,000 | $36.0M | Add +17.3% |
| ETSY INC (ETSY 0.125 10/01/26) | 2.53% | 33,000,000 | $33.6M | New |
| ASX Ase Technology Holding -ADR | 2.34% | 729,047 | $31.1M | Add +240.2% |
| SOFI TECHNOLOGIES INC | 2.16% | 27,995,000 | $28.8M | New |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | 2.06% | 27,718,000 | $27.5M | New |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | 2.03% | 18,500,000 | $27.0M | New |
| PTC THERAPEUTICS INC (PTCT 1.5 09/15/26) | 1.64% | 14,080,000 | $21.8M | New |
| LYFT INC (LYFT 0.625 03/01/29) | 1.18% | 15,000,000 | $15.7M | New |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | 1.15% | 15,000,000 | $15.3M | Reduce -3.2% |
| BTC Grayscale Bitcoin Mini ETF | 1.08% | 551,872 | $14.3M | Reduce -2.8% |
| UBER TECHNOLOGIES INC (UBER 0 05/15/28) | 1.06% | 12,232,000 | $14.2M | New |
| FBTC Fidelity Wise Origin Bitcoin | 1.02% | 265,558 | $13.5M | Reduce -10.2% |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | 0.90% | 12,500,000 | $11.9M | New |
| IBN Icici Bank Ltd.-Spon ADR | 0.87% | 399,984 | $11.6M | New |
| JBS JBS NV-A | 0.67% | 756,939 | $9.0M | New |
| UPWORK INC (UPWK 0.25 08/15/26) | 0.62% | 8,329,000 | $8.3M | New |
| ECHO Echostar Corp. Class A | 0.46% | 60,000 | $6.1M | New |
| ALARM.COM HLDGS INC (ALRM 2.25 06/01/29) | 0.43% | 6,000,000 | $5.7M | New |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | 0.37% | 5,000,000 | $4.9M | New |
| WBD Warner Bros Discovery Inc. | 0.34% | 170,754 | $4.6M | Add +76.1% |
| PSUS Pershing Square USA Ltd. | 0.32% | 115,073 | $4.3M | New |
| LLYVK Liberty Live Holdings Class C | 0.23% | 28,852 | $3.0M | New |
| WAYFAIR INC (W 1 08/15/26) | 0.19% | 2,500,000 | $2.5M | New |
| DBRG Digitalbridge Group Inc. | 0.12% | 101,560 | $1.6M | No change |
| PPLI People Inc. | 0.10% | 30,312 | $1.4M | New |
| INTC Intel Corp. | 0.09% | 9,000 | $1.3M | New |
| INFY Infosys Ltd.-SP ADR | 0.08% | 100,062 | $1.1M | New |
| BABA Alibaba Group Holding-SP ADR | 0.05% | 6,400 | $614K | Reduce -80.5% |
| SNDK Sandisk Corp. | 0.03% | 160 | $364K | New |
| LLY Eli Lilly & Co. | 0.02% | 200 | $240K | New |
Portfolio Sells Q1 2026 → Q2 2026
| JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26) | Sold out | 0.00% | −12.01 |
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −10.16 |
| RYAAY Ryanair Holdings PLC-SP ADR | Reduce -44.6% | 3.54% | −7.40 |
| COINBASE GLOBAL INC (COIN 0.5 06/01/26) | Sold out | 0.00% | −4.73 |
| IBIT iShares Bitcoin Trust ETF | Reduce -3.0% | 2.76% | −3.60 |
| HDB HDFC Bank Ltd.-ADR | Reduce -0.7% | 3.80% | −3.06 |
| CENTERPOINT ENERGY INC (CNP 4.25 08/15/26) | Sold out | 0.00% | −2.41 |
| MKS INC (MKSI 1.25 06/01/30) | Sold out | 0.00% | −2.40 |
| FBTC Fidelity Wise Origin Bitcoin | Reduce -10.2% | 1.02% | −1.51 |
| BTC Grayscale Bitcoin Mini ETF | Reduce -2.8% | 1.08% | −1.39 |
| UAA Under Armour Inc. Class A | Sold out | 0.00% | −1.20 |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | Sold out | 0.00% | −1.17 |
| STARWOOD PROPERTY TRUST (STWD 6.75 07/15/27) | Reduce -3.2% | 1.15% | −1.14 |
| NIO INC (NIO 4.625 10/15/30) | Sold out | 0.00% | −1.08 |
| LI AUTO INC (LI 0.25 05/01/28) | Sold out | 0.00% | −0.87 |
| TCOM Trip.com Group Ltd.-ADR | Sold out | 0.00% | −0.81 |
| CALLAWAY GOLF CO (CALY 2.75 05/01/26) | Sold out | 0.00% | −0.58 |
| BABA Alibaba Group Holding-SP ADR | Reduce -80.5% | 0.05% | −0.55 |
| IQIYI INC (IQ 4.625 03/15/30) | Sold out | 0.00% | −0.53 |
| SUNC Sunococorp LLC | Sold out | 0.00% | −0.47 |
| FLOC Flowco Holdings Inc. Class A | Sold out | 0.00% | −0.43 |
| SEE Sealed Air Corp. | Sold out | 0.00% | −0.43 |
| BIDU Baidu Inc. - Spon ADR | Sold out | 0.00% | −0.40 |
| LI Li Auto Inc. - ADR | Sold out | 0.00% | −0.07 |
| SONY Sony Group Corp. - SP ADR | Sold out | 0.00% | −0.06 |
| HMC Honda Motor Co. Ltd.-Spons ADR | Sold out | 0.00% | −0.05 |
| BEYOND MEAT INC (BYND 7 10/15/30) | Sold out | 0.00% | −0.04 |
Portfolio Buys Q1 2026 → Q2 2026
| SEAGATE HDD CAYMAN (STX 3.5 06/01/28) | New | 26.81% | +26.81 |
| CLOUDFLARE INC (NET 0 08/15/26) | New | 5.32% | +5.32 |
| WAYFAIR INC (W 3.25 09/15/27) | New | 3.52% | +3.52 |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | New | 3.16% | +3.16 |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | New | 2.94% | +2.94 |
| ETSY INC (ETSY 0.125 10/01/26) | New | 2.53% | +2.53 |
| SOFI TECHNOLOGIES INC | New | 2.16% | +2.16 |
| PEBBLEBROOK HOTEL TRUST (PEB 1.75 12/15/26) | New | 2.06% | +2.06 |
| LANTHEUS HOLDINGS INC (LNTH 2.625 12/15/27) | New | 2.03% | +2.03 |
| ASX Ase Technology Holding -ADR | Add +240.2% | 2.34% | +1.70 |
| ORMAT TECHNOLOGIES INC (ORA 2.5 07/15/27) | Add +334.2% | 3.07% | +1.64 |
| PTC THERAPEUTICS INC (PTCT 1.5 09/15/26) | New | 1.64% | +1.64 |
| WEC ENERGY GROUP INC (WEC 4.375 06/01/27) | Add +155.4% | 6.36% | +1.57 |
| LYFT INC (LYFT 0.625 03/01/29) | New | 1.18% | +1.18 |
| UBER TECHNOLOGIES INC (UBER 0 05/15/28) | New | 1.06% | +1.06 |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | New | 0.90% | +0.90 |
| IBN Icici Bank Ltd.-Spon ADR | New | 0.87% | +0.87 |
| JBS JBS NV-A | New | 0.67% | +0.67 |
| UPWORK INC (UPWK 0.25 08/15/26) | New | 0.62% | +0.62 |
| ECHO Echostar Corp. Class A | New | 0.46% | +0.46 |
| ALARM.COM HLDGS INC (ALRM 2.25 06/01/29) | New | 0.43% | +0.43 |
| MARRIOTT VACATION WORLDW (VAC 3.25 12/15/27) | New | 0.37% | +0.37 |
| PSUS Pershing Square USA Ltd. | New | 0.32% | +0.32 |
| LLYVK Liberty Live Holdings Class C | New | 0.23% | +0.23 |
| WAYFAIR INC (W 1 08/15/26) | New | 0.19% | +0.19 |
| PPLI People Inc. | New | 0.10% | +0.10 |
| INTC Intel Corp. | New | 0.09% | +0.09 |
| INFY Infosys Ltd.-SP ADR | New | 0.08% | +0.08 |
| SNDK Sandisk Corp. | New | 0.03% | +0.03 |
| LLY Eli Lilly & Co. | New | 0.02% | +0.02 |
| WBD Warner Bros Discovery Inc. | Add +76.1% | 0.34% | −0.04 |
| SOUTHERN CO (SO 4.5 06/15/27) | Add +74.4% | 2.82% | −0.32 |
| PINNACLE WEST CAPITAL (PNW 4.75 06/15/27) | Add +64.4% | 3.32% | −0.42 |
| ALIBABA GROUP HOLDING (BABA 0.5 06/01/31) | Add +17.3% | 2.70% | −2.52 |
| PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28) | Add +35.0% | 5.75% | −2.74 |
Notes & Other Activity Q1 2026 → Q2 2026
| NEXTERA ENERGY INC (NEE 7.375 02/15/29) | UNIT 02/15/2029 | Sold out | 250,000 | $12.6Mbefore exit |
| WHIRLPOOL CORP (WHR 8.5 02/15/29 A) | 8.5 DEP SR A CNV | Sold out | 300,000 | $12.4Mbefore 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 | 43 | $1.3B | SEAGATE HDD CAYMAN (STX 3.5 06/01/28), WEC ENERGY GROUP INC (WEC 4.375 06/01/27), PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28), CLOUDFLARE INC (NET 0 08/15/26), HDB |
| Q1 2026 | 36 | $690.5M | JAZZ INVESTMENTS I LTD (JAZZ 2 06/15/26), RYAAY, TSM, PPL CAPITAL FUNDING INC (PPL 2.875 03/15/28), HDB |
| Q4 2025Amended | 52 | $823.3M | SPOTIFY USA INC (SPOT 0 03/15/26), RYAAY, TSM, IBIT, IONIS PHARMACEUTICALS IN (IONS 0 04/01/26) |
| Q3 2025 | 40 | $499.8M | IBIT, TSM, ALIBABA GROUP HOLDING (BABA 0.5 06/01/31), UBER TECHNOLOGIES INC (UBER 0 12/15/25), SPOTIFY USA INC (SPOT 0 03/15/26) |
| Q2 2025 | 44 | $462.1M | IBIT, ALIBABA GROUP HOLDING (BABA 0.5 06/01/31), TSM, HDB, FBTC |
| Q1 2025 | 38 | $263.4M | HDB, IBIT, TSM, INFY, H WORLD GROUP LTD (HTHT 3 05/01/26) |
| Q4 2024 | 31 | $261.8M | HDB, FBTC, WUSA, IBIT, BITB |
| Q3 2024 | 31 | $236.2M | FBTC, HDB, IBIT, BITB, GBTC |
| Q2 2024 | 37 | $184.0M | H WORLD GROUP LTD (HTHT 3 05/01/26), FBTC, GBTC, BITB, HDB |
| Q1 2024 | 34 | $192.1M | FBTC, GBTC, BITB, HDB, H WORLD GROUP LTD (HTHT 3 05/01/26) |