Ovata Capital Management Ltd
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 5, 2024), Ovata Capital Management Ltd reported 37 stock positions worth $184.0 million. Its top holding was H World Group Ltd. (htht 3 05/01/26) at 12.5% of the portfolio, followed by Fidelity Wise Origin Bitcoin (FBTC, 12.0%) and Grayscale Bitcoin Trust ETF (GBTC, 9.9%). Compared with Q1 2024, it opened 17 new positions, sold out of 14, added to 7 and reduced 6. The biggest buy was a new position in Wayfair Inc. (w 3.5 11/15/28) and the biggest sale BHP Group Ltd.-Spon ADR (BHP, shares −96%).
- Most Recent 13F
- Q2 2026
- Location
- HONG KONG, K3
- CIK
- 0001724517
- Portfolio Value
- $184.0M (Q2 2024)
- SEC Filing
- 0001724517-24-000005 ↗ filed Aug 5, 2024
Holdings Value
Holdings 37 stocks · $184.0M
| H WORLD GROUP LTD (HTHT 3 05/01/26) | 12.50% | 21,700,000 | $23.0M | Add +70.9% |
| FBTC Fidelity Wise Origin Bitcoin | 12.00% | 419,004 | $22.1M | No change |
| GBTC Grayscale Bitcoin Trust ETF | 9.90% | 342,200 | $18.2M | No change |
| BITB Bitwise Bitcoin ETF | 8.40% | 469,992 | $15.5M | Add +6.7% |
| HDB HDFC Bank Ltd.-ADR | 8.20% | 234,636 | $15.1M | Reduce -14.4% |
| WAYFAIR INC (W 3.5 11/15/28) | 6.42% | 8,500,000 | $11.8M | New |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | 5.48% | 6,500,000 | $10.1M | No change |
| IBIT iShares Bitcoin Trust ETF | 5.02% | 269,068 | $9.2M | No change |
| INFY Infosys Ltd.-SP ADR | 4.71% | 465,065 | $8.7M | New |
| RIO Rio Tinto PLC-Spon ADR | 3.80% | 106,230 | $7.0M | Add +17.8% |
| LBRDK Liberty Broadband-C | 2.79% | 93,712 | $5.1M | Add +69.2% |
| MBIN Merchants Bancorp | 2.20% | 100,000 | $4.1M | New |
| IQIYI INC (IQ 6.5 03/15/28) | 1.88% | 3,600,000 | $3.5M | Reduce -43.8% |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | 1.85% | 3,500,000 | $3.4M | No change |
| GPN Global Payments Inc. | 1.40% | 26,700 | $2.6M | New |
| VIK Viking Holdings Ltd. | 1.38% | 75,000 | $2.5M | New |
| WIT Wipro Ltd.-ADR | 1.33% | 400,000 | $2.4M | No change |
| FLUT Flutter Entertainment PLC-Di | 1.31% | 13,231 | $2.4M | New |
| BWMN Bowman Consulting Group Ltd. | 1.29% | 74,800 | $2.4M | Add +189.9% |
| TTI Tetra Technologies Inc. | 0.94% | 500,000 | $1.7M | New |
| PRAX Praxis Precision Medicines I | 0.90% | 40,000 | $1.7M | Add +100.0% |
| SVCO Silvaco Group Inc. | 0.88% | 90,000 | $1.6M | New |
| PR Permian Resources Corp. Class A | 0.88% | 100,000 | $1.6M | New |
| RIG Transocean Ltd. | 0.87% | 300,000 | $1.6M | New |
| ANNX Annexon Inc. | 0.53% | 200,000 | $980K | New |
| JD Jd.com Inc.-ADR | 0.50% | 35,566 | $919K | New |
| BLOOM ENERGY CORP (BE 3 06/01/28) | 0.49% | 1,000,000 | $897K | New |
| JANX Janux Therapeutics Inc. | 0.46% | 20,000 | $838K | Reduce -50.0% |
| AGEN Agenus Inc. | 0.36% | 40,000 | $670K | New |
| SONY Sony Group Corp. - SP ADR | 0.28% | 6,170 | $524K | Reduce -10.0% |
| BEYOND MEAT INC (BYND 0 03/15/27) | 0.27% | 2,300,000 | $492K | No change |
| TCOM Trip.com Group Ltd.-ADR | 0.25% | 9,600 | $461K | Reduce -95.8% |
| BHP BHP Group Ltd.-Spon ADR | 0.25% | 8,000 | $454K | Reduce -95.5% |
| NIO Nio Inc. - ADR | 0.12% | 51,104 | $213K | New |
| LPG Dorian LPG Ltd. | 0.11% | 5,000 | $210K | New |
| BOLD Boundless Bio Inc. | 0.05% | 25,000 | $97K | Add +25.0% |
| LAKESHORE BIOPHARMA CO LTD | 0.01% | 150,000 | $10K | New |
Other holdings (1): bonds, preferreds, convertibles and warrants · $34K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| NOTEW Fiscalnote Holdings Inc.-CW25 | *W EXP 07/29/202 | 194,545 | $34K | No change |
Total filed on the 13F, all lines: $184.1M.
Portfolio Sells Q1 2024 → Q2 2024
| BHP BHP Group Ltd.-Spon ADR | Reduce -95.5% | 0.25% | −5.13 |
| TCOM Trip.com Group Ltd.-ADR | Reduce -95.8% | 0.25% | −4.96 |
| MTDR Matador Resources Co. | Sold out | 0.00% | −2.61 |
| VNOM Viper Energy Inc. | Sold out | 0.00% | −2.00 |
| PTEN Patterson-Uti Energy Inc. | Sold out | 0.00% | −1.86 |
| BROS Dutch Bros Inc. Class A | Sold out | 0.00% | −1.72 |
| LBTYA Liberty Global Ltd. Class A | Sold out | 0.00% | −1.62 |
| TRNO Terreno Realty Corp. | Sold out | 0.00% | −1.52 |
| IQIYI INC (IQ 6.5 03/15/28) | Reduce -43.8% | 1.88% | −1.28 |
| ZILLOW GROUP INC (Z 0.75 09/01/24) | Sold out | 0.00% | −1.23 |
| BTSG Brightspring Health Services | Sold out | 0.00% | −1.13 |
| PBR Petroleo Brasileiro-Spon ADR | Sold out | 0.00% | −0.93 |
| BILI Bilibili Inc.-Sponsored ADR | Sold out | 0.00% | −0.53 |
| RGNX Regenxbio Inc. | Sold out | 0.00% | −0.44 |
| JANX Janux Therapeutics Inc. | Reduce -50.0% | 0.46% | −0.33 |
| BIDU Baidu Inc. - Spon ADR | Sold out | 0.00% | −0.26 |
| IMNM Immunome Inc. | Sold out | 0.00% | −0.26 |
| EDU New Oriental Educatio-SP ADR | Sold out | 0.00% | −0.25 |
| SONY Sony Group Corp. - SP ADR | Reduce -10.0% | 0.28% | −0.02 |
| HDB HDFC Bank Ltd.-ADR | Reduce -14.4% | 8.20% | +0.29 |
Portfolio Buys Q1 2024 → Q2 2024
| WAYFAIR INC (W 3.5 11/15/28) | New | 6.42% | +6.42 |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | Add +70.9% | 12.50% | +4.86 |
| INFY Infosys Ltd.-SP ADR | New | 4.71% | +4.71 |
| MBIN Merchants Bancorp | New | 2.20% | +2.20 |
| GPN Global Payments Inc. | New | 1.40% | +1.40 |
| VIK Viking Holdings Ltd. | New | 1.38% | +1.38 |
| FLUT Flutter Entertainment PLC-Di | New | 1.31% | +1.31 |
| LBRDK Liberty Broadband-C | Add +69.2% | 2.79% | +1.14 |
| TTI Tetra Technologies Inc. | New | 0.94% | +0.94 |
| SVCO Silvaco Group Inc. | New | 0.88% | +0.88 |
| PR Permian Resources Corp. Class A | New | 0.88% | +0.88 |
| RIG Transocean Ltd. | New | 0.87% | +0.87 |
| RIO Rio Tinto PLC-Spon ADR | Add +17.8% | 3.80% | +0.83 |
| BWMN Bowman Consulting Group Ltd. | Add +189.9% | 1.29% | +0.82 |
| ANNX Annexon Inc. | New | 0.53% | +0.53 |
| JD Jd.com Inc.-ADR | New | 0.50% | +0.50 |
| BLOOM ENERGY CORP (BE 3 06/01/28) | New | 0.49% | +0.49 |
| AGEN Agenus Inc. | New | 0.36% | +0.36 |
| PRAX Praxis Precision Medicines I | Add +100.0% | 0.90% | +0.26 |
| NIO Nio Inc. - ADR | New | 0.12% | +0.12 |
| LPG Dorian LPG Ltd. | New | 0.11% | +0.11 |
| LAKESHORE BIOPHARMA CO LTD | New | 0.01% | +0.01 |
| BOLD Boundless Bio Inc. | Add +25.0% | 0.05% | −0.10 |
| BITB Bitwise Bitcoin ETF | Add +6.7% | 8.40% | −0.45 |
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) |