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Livermore
Livermore
ZHEN

Oasis Management Co Ltd.

SEC CIK
0001317904
Latest filing
Aug 13, 2026

Holdings in Q4 2025

Holdings as of Dec 31, 2025, filed Feb 13, 2026. Long positions only; changes compare share counts with Q3 2025.

Institution overview
Positions
100
−5 vs. Q3 2025
Portfolio value
$763.0M
+$184.3M (+31.9%) vs. Q3 2025
Filed
Feb 13, 2026
SEC
Holdings of Oasis Management Co Ltd. in Q4 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
MTNVail Resorts IncCOM1,851,234$245.8M32.2%+833,500+81.9%AddedHistory
HUTHut 8 Corp.COM2,307,683$106.0M13.9%+2,004,953+662.3%AddedHistory
Alibaba Group Hldg Ltd01609WBG6NOTE 0.500% 6/0–$93.2M12.2%–––
CORZCore Scientific, Inc.COM2,643,729$38.5M5.0%+2,643,729NewHistory
VNETVNET Group, Inc.SPONSORED ADS A3,449,188$29.2M3.8%00.0%UnchangedHistory
STRSStratus Properties IncCOM NEW1,134,060$27.4M3.6%−818−0.1%ReducedHistory
RBARB Global Inc.COM183,244$18.9M2.5%00.0%UnchangedHistory
APLDApplied Digital Corp.COM NEW732,817$18.0M2.4%−300,000−29.0%ReducedHistory
RLXRLX Technology Inc.SPONSORED ADS6,497,600$15.1M2.0%+150,784+2.4%AddedHistory
TBPHTheravance Biopharma, Inc.COM727,161$13.6M1.8%−391,774−35.0%ReducedHistory
GCTGigaCloud Technology IncStock312,995$12.3M1.6%00.0%UnchangedHistory
ACMRACM Research, Inc.Stock233,988$9.23M1.2%00.0%UnchangedHistory
HTHTH World Group LtdSPONSORED ADS184,879$8.70M1.1%00.0%UnchangedHistory
EDUNew Oriental Education & Technology Group Inc.SPON ADR155,424$8.55M1.1%00.0%UnchangedHistory
ATHMAutohome Inc.SP ADS RP CL A367,978$8.19M1.1%00.0%UnchangedHistory
Beyond Meat, Inc.08862EAB5NOTE 3/1–$8.00M1.0%–––
TALTAL Education GroupSPONSORED ADS686,805$7.49M1.0%00.0%UnchangedHistory
AVGOBroadcom Inc.Stock21,180$7.33M1.0%+21,180NewHistory
KTKT CorpSPONSORED ADR358,589$6.80M0.9%+358,589NewHistory
SQNSSequans CommunicationsSPONSORED ADS1,411,315$6.34M0.8%00.0%UnchangedHistory
Trip.com Group Ltd89677QAB3NOTE 0.750% 6/1–$6.15M0.8%–New–
QFINQfin Holdings, Inc.AMERICAN DEP314,755$6.07M0.8%+53,858+20.6%AddedHistory
LXLexinFintech Holdings Ltd.ADR1,744,075$5.70M0.7%+632,575+56.9%AddedHistory
BZKanzhun LtdSPONSORED ADS272,442$5.55M0.7%00.0%UnchangedHistory
FUTUFutu Holdings LtdSPON ADS CL A30,000$4.93M0.6%00.0%UnchangedHistory
JDJD.com, Inc.SPON ADS CL A165,160$4.74M0.6%00.0%UnchangedHistory
SESea LtdSPONSORD ADS37,000$4.72M0.6%00.0%UnchangedHistory
IQiQIYI, Inc.SPONSORED ADS2,234,402$4.29M0.6%−100,000−4.3%ReducedHistory
PERFPerfect Corp.CL A ORD SHS2,200,623$3.98M0.5%00.0%UnchangedHistory
CLSCelestica IncStock8,940$2.64M0.3%+8,940NewHistory
CRONCronos Group Inc.COM915,867$2.41M0.3%+915,867NewHistory
LITELumentum Holdings Inc.COM6,250$2.30M0.3%−1,350−17.8%ReducedHistory
NIO Inc.62914VAJ5NOTE 3.875%10/1–$2.12M0.3%–––
BABAAlibaba Group Holding LtdADR13,500$1.98M0.3%+8,000+145.5%AddedHistory
GHGGreenTree Hospitality Group Ltd.SPONSORED ADS1,099,362$1.86M0.2%00.0%UnchangedHistory
AMZNAmazon Com IncStock7,000$1.62M0.2%+7,000NewHistory
TERTeradyne, IncStock7,000$1.35M0.2%−1,100−13.6%ReducedHistory
AMKRAmkor Technology, Inc.COM30,800$1.22M0.2%+30,800NewHistory
iShares Semiconductor ETF464287523ETF3,100$933.6K0.1%−2,400−43.6%Reduced–
TSMTaiwan Semiconductor Manufacturing Co LtdADR3,000$911.7K0.1%00.0%UnchangedHistory
BIDUBaidu, Inc.ADR6,150$803.6K0.1%+6,150NewHistory
ZHZhihu Inc.SPONSORED ADS225,000$738.0K0.1%00.0%UnchangedHistory
APIAgora, Inc.ADS153,885$626.3K0.1%00.0%UnchangedHistory
CSCOCisco Systems, Inc.Stock7,500$577.7K0.1%−7,500−50.0%ReducedHistory
REREATRenew Inc.SPONSORED ADS100,000$530.0K0.1%00.0%UnchangedHistory
NIOBWNiocorp Developments Ltd*W EXP 03/17/202100,000$530.0K0.1%00.0%UnchangedHistory
NXDRNextdoor Holdings, Inc.COM CL A250,000$525.0K0.1%00.0%UnchangedHistory
HEREHere Group LtdADS93,753$479.1K0.1%00.0%UnchangedHistory
HTTHigh Templar Tech LtdSPON ADS127,875$454.0K0.1%00.0%UnchangedHistory
TUYATuya Inc.SPONSERED ADS196,841$415.3K0.1%00.0%UnchangedHistory
AVRAnteris Technologies Global Corp.COM75,954$379.0K<0.1%−36,253−32.3%ReducedHistory
ANGHWAnghami Inc*W EXP 02/03/202100,000$377.0K<0.1%00.0%UnchangedHistory
UXINUxin LtdSPONSORED ADS97,629$329.0K<0.1%+50,000+105.0%AddedHistory
OLPXOlaplex Holdings, Inc.COM196,569$263.4K<0.1%00.0%UnchangedHistory
ABXAbacus Global Management, Inc.CL A23,000$196.7K<0.1%00.0%UnchangedHistory
RIOTRiot Platforms, Inc.COM15,100$191.3K<0.1%−15,000−49.8%ReducedHistory
ZKHZKH Group LtdSPONSORED ADS50,000$184.0K<0.1%00.0%UnchangedHistory
VIOTViomi Technology Co., LtdSPONSORED ADS100,000$184.0K<0.1%00.0%UnchangedHistory
YSGYatsen Holding LtdSPONSORED ADS45,000$175.1K<0.1%−10,000−18.2%ReducedHistory
AXTIAxt IncCOM10,000$163.5K<0.1%+10,000NewHistory
MDAIWSpectral AI, Inc.*W EXP 09/11/202100,000$142.0K<0.1%00.0%UnchangedHistory
ARBEWArbe Robotics Ltd.*W EXP 10/07/202100,000$118.0K<0.1%00.0%UnchangedHistory
GRNTGranite Ridge Resources, Inc.COM25,000$117.5K<0.1%00.0%UnchangedHistory
ALTIAlTi Global, Inc.CL A25,000$116.0K<0.1%00.0%UnchangedHistory
WENWendy's CoStock11,903$99.2K<0.1%+11,903NewHistory
DFNSWT3 Defense Inc.*W EXP 12/04/20217,500$70.5K<0.1%00.0%UnchangedHistory
BILL Holdings, Inc.090043AF7NOTE 4/0–$45.9K<0.1%–New–
MGNMegan Holdings Ltd.ORD SHS17,390$26.6K<0.1%+17,390NewHistory
PDYNWPalladyne AI Corp.*W EXP 09/24/202100,000––00.0%UnchangedHistory
RMCOWRoyalty Management Holding Corp*W EXP 05/28/202100,000––00.0%UnchangedHistory
STLNWStarling Oncology, Inc.EQUITY WRT100,000––00.0%UnchangedHistory
TMC the metals Co Inc.87261Y114*W EXP 09/09/20237,700––00.0%Unchanged–
Nexters IncG6529J118*W EXP 08/26/20210,000––00.0%Unchanged–
VLNWFValens Semiconductor Ltd.*W EXP 12/12/20250,000––00.0%UnchangedHistory
Bigbear AI Hldgs Inc08975B117*W EXP 99/99/999100,000––00.0%Unchanged–
DAVEWDave Inc.EQUITY WRT6,368––00.0%UnchangedHistory
Sky Harbour Group Corporatio83085C115*W EXP 10/21/20229,439––00.0%Unchanged–
PRENWPrenetics Global Ltd*W EXP 05/18/20233,333––00.0%UnchangedHistory
GGROWGogoro Inc.*W EXP 04/04/202100,000––00.0%UnchangedHistory
AFRIWForafric Global PLC*W EXP 06/09/202100,000––00.0%UnchangedHistory
ECXWWECARX Holdings Inc.*W EXP 12/20/202100,000––00.0%UnchangedHistory
LANWFLanvin Group Holdings Ltd*W EXP 99/99/999581,304––00.0%UnchangedHistory
PERFFPerfect Corp.*W EXP 99/99/99950,000––00.0%UnchangedHistory
AENTWAlliance Entertainment Holding CorpCOM100,000––00.0%UnchangedHistory
CXAIWCXApp Inc.*W EXP 03/14/202100,000––00.0%UnchangedHistory
BAERWBridger Aerospace Group Holdings, Inc.*W EXP 01/24/202100,000––00.0%UnchangedHistory
SPWRWSunPower Inc.Warrant18,033––00.0%UnchangedHistory
SDAWWSunCar Technology Group Inc.*W EXP 05/17/20266,890––00.0%UnchangedHistory
COCHWEnvoy Medical, Inc.Equity WRT100,000––00.0%UnchangedHistory
CCGWWCheche Group Inc.*W EXP 10/01/203100,000––00.0%UnchangedHistory
AISPWAirship AI Holdings, Inc.*W EXP 12/21/202100,000––00.0%UnchangedHistory
Carbon Revolution LtdG1893D110*W EXP 99/99/99910,000––00.0%Unchanged–
BNAIWBrand Engagement Network Inc.*W EXP 03/14/202100,000––00.0%UnchangedHistory
COOTWAustralian Oilseeds Holdings Ltd*W EXP 11/16/202100,000––00.0%UnchangedHistory
Above Food Ingredients Inc.00373V118*W EXP 06/28/202100,000––00.0%Unchanged–
SLXNWSilexion Therapeutics Corp*W EXP 08/15/20211,111––00.0%UnchangedHistory
CNCKWCoincheck Group N.V.*W EXP 12/11/202160,430––00.0%UnchangedHistory
SATLWSatellogic Inc.*W EXP 01/25/202100,000––00.0%UnchangedHistory
YDESWYD Bio Ltd*W EXP 08/28/203100,000––00.0%UnchangedHistory
MLECWMoolec Science SA*W EXP 01/30/20210,000––−90,000−90.0%ReducedHistory

Options (5)

Puts and calls in the same filing. Amounts are the market value of the underlying shares, which is what 13F reports.

Option positions of Oasis Management Co Ltd. in Q4 2025
SecurityClassPutsCalls
SPYSPDR S&P 500 ETF TrustETF$375.1M–
iShares Russell 2000 ETF464287655ETF$246.2M–
Invesco QQQ Trust Series I46090E103ETF$122.9M–
BIDUBaidu, Inc.ADR–$12.4M
APLDApplied Digital Corp.COM NEW–$12.3M

Sold out since Q3 2025 (18)

Positions held at the end of Q3 2025 that are gone from this filing.

Positions of Oasis Management Co Ltd. sold out since Q3 2025
SecurityClassShares in Q3 2025Value in Q3 2025% of portfolio in Q3 2025History
BEKEKE Holdings Inc.SPONSORED ADS333,026$6.33M1.1%History
FWRDForward Air CorpCOM173,432$4.45M0.8%History
AMATApplied Materials IncStock13,450$2.75M0.5%History
Zeekr Intelligent Technology98923K103SPON ADS75,000$2.29M0.4%–
DQDaqo New Energy Corp.SPNSRD ADS NEW37,800$1.06M0.2%History
HPPHudson Pacific Properties, Inc.COM380,002$1.05M0.2%History
NVDANVIDIA CorpStock5,100$951.6K0.2%History
CAFMorgan Stanley China A Share Fund, Inc.COM56,666$943.5K0.2%History
CRDOCredo Technology Group Holding LtdStock4,800$698.9K0.1%History
CMPSCOMPASS Pathways plcSPONSORED ADS107,911$618.3K0.1%History
LESLLeslie's, Inc.COM107,470$591.1K0.1%History
ALABAstera Labs, Inc.Stock3,000$587.4K0.1%History
NKENIKE, Inc.Stock5,118$356.9K0.1%History
WRDWeRide Inc.ADR30,576$302.7K0.1%History
ZEPPZepp Health CorpSPONSORED ADR6,025$275.8K<0.1%History
DECKDeckers Outdoor CorpCOM2,400$243.3K<0.1%History
ILLRWTriller Group Inc.*W EXP 03/15/20250,000$41.5K<0.1%History
PGYWWPagaya Technologies Ltd.*W EXP 09/01/2028,333––History