Ovata Capital Management Ltd
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 3, 2024), Ovata Capital Management Ltd reported 34 stock positions worth $192.1 million. Its top holding was Fidelity Wise Origin Bitcoin (FBTC) at 13.5% of the portfolio, followed by Grayscale Bitcoin Trust ETF (GBTC, 11.3%) and Bitwise Bitcoin ETF (BITB, 8.8%). Compared with Q4 2023, it opened 27 new positions, sold out of 4 and added to 4. The biggest buy was a new position in Fidelity Wise Origin Bitcoin (FBTC) and the biggest sale an exit from Alight Class A (ALIT).
- Most Recent 13F
- Q2 2026
- Location
- HONG KONG, K3
- CIK
- 0001724517
- Portfolio Value
- $192.1M (Q1 2024)
- SEC Filing
- 0001724517-24-000003 ↗ filed May 3, 2024
Holdings Value
Holdings 34 stocks · $192.1M
| FBTC Fidelity Wise Origin Bitcoin | 13.50% | 419,004 | $25.9M | New |
| GBTC Grayscale Bitcoin Trust ETF | 11.25% | 342,200 | $21.6M | New |
| BITB Bitwise Bitcoin ETF | 8.84% | 440,392 | $17.0M | New |
| HDB HDFC Bank Ltd.-ADR | 7.91% | 274,262 | $15.2M | Add +36.1% |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | 7.64% | 12,700,000 | $14.7M | No change |
| IBIT iShares Bitcoin Trust ETF | 5.67% | 269,068 | $10.9M | New |
| BHP BHP Group Ltd.-Spon ADR | 5.37% | 179,509 | $10.3M | Add +28.3% |
| TCOM Trip.com Group Ltd.-ADR | 5.21% | 226,900 | $10.0M | New |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | 4.87% | 6,500,000 | $9.4M | New |
| IQIYI INC (IQ 6.5 03/15/28) | 3.16% | 6,400,000 | $6.1M | New |
| RIO Rio Tinto PLC-Spon ADR | 2.96% | 90,169 | $5.7M | Add +8.6% |
| MTDR Matador Resources Co. | 2.61% | 75,000 | $5.0M | New |
| VNOM Viper Energy Inc. | 2.00% | 100,000 | $3.8M | New |
| PTEN Patterson-Uti Energy Inc. | 1.86% | 300,000 | $3.6M | New |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | 1.78% | 3,500,000 | $3.4M | No change |
| BROS Dutch Bros Inc. Class A | 1.72% | 100,000 | $3.3M | New |
| LBRDK Liberty Broadband-C | 1.65% | 55,390 | $3.2M | New |
| LBTYA Liberty Global Ltd. Class A | 1.62% | 183,779 | $3.1M | New |
| TRNO Terreno Realty Corp. | 1.52% | 44,000 | $2.9M | New |
| ZILLOW GROUP INC (Z 0.75 09/01/24) | 1.23% | 2,000,000 | $2.4M | New |
| WIT Wipro Ltd.-ADR | 1.20% | 400,000 | $2.3M | New |
| BTSG Brightspring Health Services | 1.13% | 200,000 | $2.2M | New |
| PBR Petroleo Brasileiro-Spon ADR | 0.93% | 117,000 | $1.8M | New |
| JANX Janux Therapeutics Inc. | 0.78% | 40,000 | $1.5M | New |
| PRAX Praxis Precision Medicines I | 0.64% | 20,000 | $1.2M | New |
| BILI Bilibili Inc.-Sponsored ADR | 0.53% | 90,000 | $1.0M | New |
| BWMN Bowman Consulting Group Ltd. | 0.47% | 25,800 | $898K | New |
| RGNX Regenxbio Inc. | 0.44% | 40,000 | $843K | New |
| SONY Sony Group Corp. - SP ADR | 0.31% | 6,855 | $588K | Add +37.1% |
| BEYOND MEAT INC (BYND 0 03/15/27) | 0.29% | 2,300,000 | $549K | No change |
| BIDU Baidu Inc. - Spon ADR | 0.26% | 4,800 | $504K | New |
| IMNM Immunome Inc. | 0.26% | 20,000 | $494K | New |
| EDU New Oriental Educatio-SP ADR | 0.25% | 5,500 | $479K | New |
| BOLD Boundless Bio Inc. | 0.15% | 20,000 | $285K | New |
Other holdings (1): bonds, preferreds, convertibles and warrants · $49K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| NOTEW Fiscalnote Holdings Inc.-CW25 | *W EXP 07/29/202 | 194,545 | $49K | No change |
Total filed on the 13F, all lines: $192.2M.
Portfolio Sells Q4 2023 → Q1 2024
| ALIT Alight Inc. Class A | Sold out | 0.00% | −6.65 |
| TALO Talos Energy Inc. | Sold out | 0.00% | −4.83 |
| PDD HOLDINGS INC (PDD 0 12/01/25) | Sold out | 0.00% | −4.57 |
| RIG Transocean Ltd. | Sold out | 0.00% | −3.08 |
Portfolio Buys Q4 2023 → Q1 2024
| FBTC Fidelity Wise Origin Bitcoin | New | 13.50% | +13.50 |
| GBTC Grayscale Bitcoin Trust ETF | New | 11.25% | +11.25 |
| BITB Bitwise Bitcoin ETF | New | 8.84% | +8.84 |
| IBIT iShares Bitcoin Trust ETF | New | 5.67% | +5.67 |
| TCOM Trip.com Group Ltd.-ADR | New | 5.21% | +5.21 |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | New | 4.87% | +4.87 |
| IQIYI INC (IQ 6.5 03/15/28) | New | 3.16% | +3.16 |
| MTDR Matador Resources Co. | New | 2.61% | +2.61 |
| VNOM Viper Energy Inc. | New | 2.00% | +2.00 |
| PTEN Patterson-Uti Energy Inc. | New | 1.86% | +1.86 |
| BROS Dutch Bros Inc. Class A | New | 1.72% | +1.72 |
| LBRDK Liberty Broadband-C | New | 1.65% | +1.65 |
| LBTYA Liberty Global Ltd. Class A | New | 1.62% | +1.62 |
| TRNO Terreno Realty Corp. | New | 1.52% | +1.52 |
| ZILLOW GROUP INC (Z 0.75 09/01/24) | New | 1.23% | +1.23 |
| WIT Wipro Ltd.-ADR | New | 1.20% | +1.20 |
| BTSG Brightspring Health Services | New | 1.13% | +1.13 |
| PBR Petroleo Brasileiro-Spon ADR | New | 0.93% | +0.93 |
| JANX Janux Therapeutics Inc. | New | 0.78% | +0.78 |
| PRAX Praxis Precision Medicines I | New | 0.64% | +0.64 |
| BILI Bilibili Inc.-Sponsored ADR | New | 0.53% | +0.53 |
| BWMN Bowman Consulting Group Ltd. | New | 0.47% | +0.47 |
| RGNX Regenxbio Inc. | New | 0.44% | +0.44 |
| BIDU Baidu Inc. - Spon ADR | New | 0.26% | +0.26 |
| IMNM Immunome Inc. | New | 0.26% | +0.26 |
| EDU New Oriental Educatio-SP ADR | New | 0.25% | +0.25 |
| BOLD Boundless Bio Inc. | New | 0.15% | +0.15 |
| SONY Sony Group Corp. - SP ADR | Add +37.1% | 0.31% | −0.62 |
| RIO Rio Tinto PLC-Spon ADR | Add +8.6% | 2.96% | −8.00 |
| BHP BHP Group Ltd.-Spon ADR | Add +28.3% | 5.37% | −10.84 |
| HDB HDFC Bank Ltd.-ADR | Add +36.1% | 7.91% | −12.95 |
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) |