Oxbow Capital Management (HK) Ltd
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Oxbow Capital Management (HK) Ltd reported 10 stock positions worth $318.5 million. Its top holding was Icici Bank Ltd.-Spon ADR (IBN) at 16.9% of the portfolio, followed by Amer Sports (AS, 12.5%) and Sharkninja (SN, 12.4%). Compared with Q4 2024, it opened 5 new positions, sold out of 4, added to 2 and reduced 3. The biggest buy was a new position in Sharkninja (SN) and the biggest sale an exit from Nvidia (NVDA).
- Most Recent 13F
- Q2 2026
- Location
- HONG KONG, K3
- CIK
- 0001713269
- Portfolio Value
- $318.5M (Q1 2025)
- SEC Filing
- 0001713269-25-000003 ↗ filed May 15, 2025
Holdings Value
Holdings 10 stocks · $318.5M
| IBN Icici Bank Ltd.-Spon ADR | 16.92% | 1,709,864 | $53.9M | Add +1.7% |
| AS Amer Sports Inc. | 12.46% | 1,483,969 | $39.7M | Reduce -1.1% |
| SN Sharkninja Inc. | 12.44% | 475,000 | $39.6M | New |
| AVGO Broadcom Inc. | 11.93% | 227,000 | $38.0M | New |
| TCOM Trip.com Group Ltd.-ADR | 11.89% | 595,755 | $37.9M | Reduce -5.3% |
| MMYT Makemytrip Ltd. | 11.24% | 365,200 | $35.8M | Add +104.6% |
| VNET Vnet Group Inc.-ADR | 9.01% | 3,500,000 | $28.7M | New |
| HSAI Hesai Group | 7.44% | 1,600,000 | $23.7M | New |
| DECK Deckers Outdoor Corp. | 3.51% | 100,000 | $11.2M | New |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 3.15% | 500,000 | $10.0M | Reduce -68.8% |
Portfolio Sells Q4 2024 → Q1 2025
| NVDA Nvidia Corp. | Sold out | 0.00% | −21.70 |
| BEKE Ke Holdings Inc.-ADR | Reduce -68.8% | 3.15% | −7.31 |
| NXE Nexgen Energy Ltd. | Sold out | 0.00% | −6.01 |
| BIRK Birkenstock Holding PLC | Sold out | 0.00% | −3.56 |
| TCOM Trip.com Group Ltd.-ADR | Reduce -5.3% | 11.89% | −3.43 |
| TER Teradyne Inc. | Sold out | 0.00% | −3.13 |
| AS Amer Sports Inc. | Reduce -1.1% | 12.46% | −2.43 |
Portfolio Buys Q4 2024 → Q1 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 4 | $354.8M | COHR, SNDK, HBM, ALM |
| Q1 2026 | 6 | $371.0M | SNDK, COHR, STX, AA, ACMR |
| Q4 2025 | 8 | $360.4M | STX, AVGO, SNDK, CRDO, AA |
| Q3 2025 | 11 | $570.8M | STX, CRDO, AVGO, VNET, WWW |
| Q2 2025 | 11 | $395.0M | COHR, AVGO, AS, CRDO, SN |
| Q1 2025 | 10 | $318.5M | IBN, AS, SN, AVGO, TCOM |
| Q4 2024 | 9 | $281.8M | NVDA, IBN, TCOM, AS, BEKE |
| Q3 2024 | 9 | $234.6M | IBN, NVDA, PDD, CCJ, TCOM |
| Q2 2024 | 8 | $295.8M | NVDA, PDD, IBN, CCJ, NXE |
| Q1 2024 | 6 | $250.4M | NVDA, CCJ, IBN, PDD, NTES |