Oxbow Capital Management (HK) Ltd
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Oxbow Capital Management (HK) Ltd reported 11 stock positions worth $570.8 million. Its top holding was Seagate Technology (STX) at 18.3% of the portfolio, followed by Credo Technology Group Holdi (CRDO, 17.5%) and Broadcom (AVGO, 14.0%). Compared with Q2 2025, it opened 3 new positions, sold out of 3, added to 2 and reduced 4. The biggest buy was a new position in Seagate Technology (STX) and the biggest sale an exit from Coherent (COHR).
- Most Recent 13F
- Q2 2026
- Location
- HONG KONG, K3
- CIK
- 0001713269
- Portfolio Value
- $570.8M (Q3 2025)
- SEC Filing
- 0001713269-25-000007 ↗ filed Nov 14, 2025
Holdings Value
Holdings 11 stocks · $570.8M
| STX Seagate Technology Holdings | 18.32% | 443,000 | $104.6M | New |
| CRDO Credo Technology Group Holdi | 17.54% | 687,500 | $100.1M | Add +30.9% |
| AVGO Broadcom Inc. | 14.02% | 242,500 | $80.0M | Add +10.2% |
| VNET Vnet Group Inc.-ADR | 10.41% | 5,750,000 | $59.4M | No change |
| WWW Wolverine World Wide Inc. | 9.54% | 1,983,632 | $54.4M | New |
| SNDK Sandisk Corp. | 7.96% | 405,000 | $45.4M | New |
| HSAI Hesai Group | 7.29% | 1,480,000 | $41.6M | Reduce -5.8% |
| AS Amer Sports Inc. | 7.12% | 1,170,000 | $40.7M | Reduce -19.7% |
| SN Sharkninja Inc. | 6.87% | 380,000 | $39.2M | Reduce -12.0% |
| HERE Here Group Ltd. filed as QUANTASING GROUP LTD | 0.79% | 500,000 | $4.5M | No change |
| MMYT Makemytrip Ltd. | 0.15% | 9,275 | $868K | Reduce -97.4% |
Portfolio Sells Q2 2025 → Q3 2025
| COHR Coherent Corp. | Sold out | 0.00% | −15.58 |
| MMYT Makemytrip Ltd. | Reduce -97.4% | 0.15% | −8.77 |
| AS Amer Sports Inc. | Reduce -19.7% | 7.12% | −7.17 |
| SN Sharkninja Inc. | Reduce -12.0% | 6.87% | −3.95 |
| MRVL Marvell Technology Inc. | Sold out | 0.00% | −2.49 |
| HSAI Hesai Group | Reduce -5.8% | 7.29% | −1.44 |
| IBN Icici Bank Ltd.-Spon ADR | Sold out | 0.00% | −0.25 |
Portfolio Buys Q2 2025 → Q3 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 |