Oxbow Capital Management (HK) Ltd
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Oxbow Capital Management (HK) Ltd reported 8 stock positions worth $360.4 million. Its top holding was Seagate Technology (STX) at 24.0% of the portfolio, followed by Broadcom (AVGO, 23.9%) and Sandisk (SNDK, 19.4%). Compared with Q3 2025, it opened 2 new positions, sold out of 5, added to 1 and reduced 5. The biggest buy was Broadcom (AVGO, shares +3%) and the biggest sale Vnet Group Inc.-ADR (VNET, shares −91%).
- Most Recent 13F
- Q2 2026
- Location
- HONG KONG, K3
- CIK
- 0001713269
- Portfolio Value
- $360.4M (Q4 2025)
- SEC Filing
- 0001713269-26-000001 ↗ filed Feb 13, 2026
Holdings Value
Holdings 8 stocks · $360.4M
| STX Seagate Technology Holdings | 24.04% | 314,624 | $86.6M | Reduce -29.0% |
| AVGO Broadcom Inc. | 23.89% | 248,837 | $86.1M | Add +2.6% |
| SNDK Sandisk Corp. | 19.43% | 295,000 | $70.0M | Reduce -27.2% |
| CRDO Credo Technology Group Holdi | 15.17% | 379,900 | $54.7M | Reduce -44.7% |
| AA Alcoa Corp. | 9.29% | 630,000 | $33.5M | New |
| WWW Wolverine World Wide Inc. | 3.93% | 780,000 | $14.2M | Reduce -60.7% |
| COHR Coherent Corp. | 3.07% | 60,000 | $11.1M | New |
| VNET Vnet Group Inc.-ADR | 1.18% | 503,010 | $4.3M | Reduce -91.3% |
Portfolio Sells Q3 2025 → Q4 2025
| VNET Vnet Group Inc.-ADR | Reduce -91.3% | 1.18% | −9.23 |
| HSAI Hesai Group | Sold out | 0.00% | −7.29 |
| AS Amer Sports Inc. | Sold out | 0.00% | −7.12 |
| SN Sharkninja Inc. | Sold out | 0.00% | −6.87 |
| WWW Wolverine World Wide Inc. | Reduce -60.7% | 3.93% | −5.61 |
| CRDO Credo Technology Group Holdi | Reduce -44.7% | 15.17% | −2.37 |
| HERE Here Group Ltd. | Sold out | 0.00% | −0.79 |
| MMYT Makemytrip Ltd. | Sold out | 0.00% | −0.15 |
| STX Seagate Technology Holdings | Reduce -29.0% | 24.04% | +5.72 |
| SNDK Sandisk Corp. | Reduce -27.2% | 19.43% | +11.47 |
Portfolio Buys Q3 2025 → Q4 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 |