Oxbow Capital Management (HK) Ltd
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Oxbow Capital Management (HK) Ltd reported 11 stock positions worth $395.0 million. Its top holding was Coherent (COHR) at 15.6% of the portfolio, followed by Broadcom (AVGO, 15.4%) and Amer Sports (AS, 14.3%). Compared with Q1 2025, it opened 4 new positions, sold out of 3, added to 1 and reduced 6. The biggest buy was a new position in Coherent (COHR) and the biggest sale Icici Bank Ltd.-Spon ADR (IBN, shares −98%).
- Most Recent 13F
- Q2 2026
- Location
- HONG KONG, K3
- CIK
- 0001713269
- Portfolio Value
- $395.0M (Q2 2025)
- SEC Filing
- 0001713269-25-000004 ↗ filed Aug 14, 2025
Holdings Value
Holdings 11 stocks · $395.0M
| COHR Coherent Corp. | 15.58% | 690,000 | $61.6M | New |
| AVGO Broadcom Inc. | 15.35% | 220,000 | $60.6M | Reduce -3.1% |
| AS Amer Sports Inc. | 14.30% | 1,456,902 | $56.5M | Reduce -1.8% |
| CRDO Credo Technology Group Holdi | 12.31% | 525,000 | $48.6M | New |
| SN Sharkninja Inc. | 10.82% | 431,602 | $42.7M | Reduce -9.1% |
| VNET Vnet Group Inc.-ADR | 10.05% | 5,750,000 | $39.7M | Add +64.3% |
| MMYT Makemytrip Ltd. | 8.93% | 359,690 | $35.3M | Reduce -1.5% |
| HSAI Hesai Group | 8.73% | 1,570,662 | $34.5M | Reduce -1.8% |
| MRVL Marvell Technology Inc. | 2.49% | 127,000 | $9.8M | New |
| HERE Here Group Ltd. filed as QUANTASING GROUP LTD | 1.20% | 500,000 | $4.7M | New |
| IBN Icici Bank Ltd.-Spon ADR | 0.25% | 29,900 | $1.0M | Reduce -98.3% |
Portfolio Sells Q1 2025 → Q2 2025
| IBN Icici Bank Ltd.-Spon ADR | Reduce -98.3% | 0.25% | −16.67 |
| TCOM Trip.com Group Ltd.-ADR | Sold out | 0.00% | −11.89 |
| DECK Deckers Outdoor Corp. | Sold out | 0.00% | −3.51 |
| BEKE Ke Holdings Inc.-ADR | Sold out | 0.00% | −3.15 |
| MMYT Makemytrip Ltd. | Reduce -1.5% | 8.93% | −2.31 |
| SN Sharkninja Inc. | Reduce -9.1% | 10.82% | −1.62 |
| HSAI Hesai Group | Reduce -1.8% | 8.73% | +1.29 |
| AS Amer Sports Inc. | Reduce -1.8% | 14.30% | +1.84 |
| AVGO Broadcom Inc. | Reduce -3.1% | 15.35% | +3.42 |
Portfolio Buys Q1 2025 → Q2 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 |