Ovata Capital Management Ltd
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), Ovata Capital Management Ltd reported 31 stock positions worth $236.2 million. Its top holding was Fidelity Wise Origin Bitcoin (FBTC) at 20.3% of the portfolio, followed by HDFC Bank Ltd.-ADR (HDB, 9.9%) and iShares Bitcoin Trust ETF (IBIT, 9.2%). Compared with Q2 2024, it opened 7 new positions, sold out of 14, added to 10 and reduced 7. The biggest buy was Fidelity Wise Origin Bitcoin (FBTC, shares +106%) and the biggest sale H World Group Ltd. (htht 3 05/01/26) (shares −40%).
- Most Recent 13F
- Q2 2026
- Location
- HONG KONG, K3
- CIK
- 0001724517
- Portfolio Value
- $236.2M (Q3 2024)
- SEC Filing
- 0001724517-24-000006 ↗ filed Nov 13, 2024
Holdings Value
Holdings 31 stocks · $236.2M
| FBTC Fidelity Wise Origin Bitcoin | 20.25% | 862,940 | $47.8M | Add +106.0% |
| HDB HDFC Bank Ltd.-ADR | 9.93% | 363,920 | $23.5M | Add +55.1% |
| IBIT iShares Bitcoin Trust ETF | 9.17% | 600,268 | $21.7M | Add +123.1% |
| BITB Bitwise Bitcoin ETF | 6.87% | 469,992 | $16.2M | No change |
| GBTC Grayscale Bitcoin Trust ETF | 6.46% | 302,300 | $15.3M | Reduce -11.7% |
| H WORLD GROUP LTD (HTHT 3 05/01/26) | 6.25% | 13,000,000 | $14.8M | Reduce -40.1% |
| INFY Infosys Ltd.-SP ADR | 5.56% | 590,064 | $13.1M | Add +26.9% |
| WAYFAIR INC (W 3.5 11/15/28) | 5.30% | 8,500,000 | $12.5M | No change |
| NIO INC (NIO 4.625 10/15/30) | 3.92% | 10,500,000 | $9.3M | New |
| WIT Wipro Ltd.-ADR | 3.57% | 1,300,000 | $8.4M | Add +225.0% |
| SEA LTD (SEALTD 0.25 09/15/26) | 3.45% | 9,000,000 | $8.1M | New |
| RIO Rio Tinto PLC-Spon ADR | 3.21% | 102,121 | $7.6M | Reduce -3.9% |
| CHWY Chewy Inc. Class A | 2.23% | 180,000 | $5.3M | New |
| NIO INC (NIO 3.875 10/15/29) | 2.18% | 5,575,000 | $5.1M | New |
| VIK Viking Holdings Ltd. | 1.99% | 135,000 | $4.7M | Add +80.0% |
| TCOM Trip.com Group Ltd.-ADR | 1.93% | 72,076 | $4.6M | Add +650.8% |
| XPRO Expro Group Holdings NV | 1.45% | 200,000 | $3.4M | New |
| ARDT Ardent Health Inc. | 1.37% | 175,526 | $3.2M | New |
| TTI Tetra Technologies Inc. | 0.98% | 750,000 | $2.3M | Add +50.0% |
| BWMN Bowman Consulting Group Ltd. | 0.76% | 74,800 | $1.8M | No change |
| BTC Grayscale Bitcoin Mini Trust | 0.72% | 302,300 | $1.7M | Reduce -11.7% |
| SVCO Silvaco Group Inc. | 0.61% | 100,000 | $1.4M | Add +11.1% |
| SONY Sony Group Corp. - SP ADR | 0.47% | 11,370 | $1.1M | Add +84.3% |
| JD Jd.com Inc.-ADR | 0.35% | 19,000 | $817K | Reduce -46.6% |
| PRAX Praxis Precision Medicines I | 0.24% | 9,777 | $563K | Reduce -75.6% |
| BHP BHP Group Ltd.-Spon ADR | 0.22% | 8,000 | $509K | No change |
| JANX Janux Therapeutics Inc. | 0.19% | 10,000 | $454K | Reduce -50.0% |
| BEYOND MEAT INC (BYND 0 03/15/27) | 0.17% | 2,300,000 | $402K | No change |
| AGEN Agenus Inc. | 0.09% | 40,000 | $219K | No change |
| RIVN Rivian Automotive Inc. Class A | 0.07% | 14,200 | $159K | New |
| BOLD Boundless Bio Inc. | 0.04% | 25,000 | $87K | No change |
Other holdings (2): bonds, preferreds, convertibles and warrants · $37K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| NOTEW Fiscalnote Holdings Inc.-CW25 | *W EXP 07/29/202 | 194,545 | $27K | No change |
| LAKESHORE BIOPHARMA CO LTD | *W EXP 03/15/202 | 150,000 | $10K | New |
Total filed on the 13F, all lines: $236.2M.
Portfolio Sells Q2 2024 → Q3 2024
| H WORLD GROUP LTD (HTHT 3 05/01/26) | Reduce -40.1% | 6.25% | −6.25 |
| INTERDIGITAL INC (IDCC 3.5 06/01/27) | Sold out | 0.00% | −5.48 |
| GBTC Grayscale Bitcoin Trust ETF | Reduce -11.7% | 6.46% | −3.44 |
| LBRDK Liberty Broadband-C | Sold out | 0.00% | −2.79 |
| MBIN Merchants Bancorp | Sold out | 0.00% | −2.20 |
| IQIYI INC (IQ 6.5 03/15/28) | Sold out | 0.00% | −1.88 |
| ZTO EXPRESS KY INC (ZTO 1.5 09/01/27) | Sold out | 0.00% | −1.85 |
| GPN Global Payments Inc. | Sold out | 0.00% | −1.40 |
| FLUT Flutter Entertainment PLC-Di | Sold out | 0.00% | −1.31 |
| PR Permian Resources Corp. Class A | Sold out | 0.00% | −0.88 |
| RIG Transocean Ltd. | Sold out | 0.00% | −0.87 |
| PRAX Praxis Precision Medicines I | Reduce -75.6% | 0.24% | −0.66 |
| RIO Rio Tinto PLC-Spon ADR | Reduce -3.9% | 3.21% | −0.59 |
| ANNX Annexon Inc. | Sold out | 0.00% | −0.53 |
| BLOOM ENERGY CORP (BE 3 06/01/28) | Sold out | 0.00% | −0.49 |
| BTC Grayscale Bitcoin Mini Trust | Reduce -11.7% | 0.72% | −0.33 |
| JANX Janux Therapeutics Inc. | Reduce -50.0% | 0.19% | −0.26 |
| JD Jd.com Inc.-ADR | Reduce -46.6% | 0.35% | −0.15 |
| NIO Nio Inc. - ADR | Sold out | 0.00% | −0.12 |
| LPG Dorian LPG Ltd. | Sold out | 0.00% | −0.11 |
| LAKESHORE BIOPHARMA CO LTD | Sold out | 0.00% | −0.01 |
Portfolio Buys Q2 2024 → Q3 2024
| FBTC Fidelity Wise Origin Bitcoin | Add +106.0% | 20.25% | +8.26 |
| IBIT iShares Bitcoin Trust ETF | Add +123.1% | 9.17% | +4.15 |
| NIO INC (NIO 4.625 10/15/30) | New | 3.92% | +3.92 |
| SEA LTD (SEALTD 0.25 09/15/26) | New | 3.45% | +3.45 |
| WIT Wipro Ltd.-ADR | Add +225.0% | 3.57% | +2.24 |
| CHWY Chewy Inc. Class A | New | 2.23% | +2.23 |
| NIO INC (NIO 3.875 10/15/29) | New | 2.18% | +2.18 |
| HDB HDFC Bank Ltd.-ADR | Add +55.1% | 9.93% | +1.73 |
| TCOM Trip.com Group Ltd.-ADR | Add +650.8% | 1.93% | +1.68 |
| XPRO Expro Group Holdings NV | New | 1.45% | +1.45 |
| ARDT Ardent Health Inc. | New | 1.37% | +1.37 |
| INFY Infosys Ltd.-SP ADR | Add +26.9% | 5.56% | +0.86 |
| VIK Viking Holdings Ltd. | Add +80.0% | 1.99% | +0.61 |
| SONY Sony Group Corp. - SP ADR | Add +84.3% | 0.47% | +0.18 |
| RIVN Rivian Automotive Inc. Class A | New | 0.07% | +0.07 |
| TTI Tetra Technologies Inc. | Add +50.0% | 0.98% | +0.04 |
| SVCO Silvaco Group Inc. | Add +11.1% | 0.61% | −0.27 |
Notes & Other Activity Q2 2024 → Q3 2024
| LAKESHORE BIOPHARMA CO LTD | *W EXP 03/15/202 | New | 150,000 | $10K |
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) |