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Livermore
Livermore
ZHEN

Nine Masts Capital Ltd

SEC CIK
0001569356
Latest filing
Aug 7, 2026

The latest 13F from Nine Masts Capital Ltd covers Q2 2026 (filed Aug 7, 2026): 95 long positions worth $898.7M. The top 10 holdings make up 76.7% of the portfolio, and the largest is SPDR S&P 500 ETF Trust (SPY) at 34.5%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
56
Est. +$119.6M
Added
15
Est. +$378.1M
Reduced
16
Est. −$137.6M
Sold out
125
Est. −$102.3M

Top 5 holdings

Share of this quarter's portfolio value

  1. SPYSPDR S&P 500 ETF Trust
    34.5%$310.4MHistory
  2. Alibaba Group Hldg Ltd01609WBG6
    13.9%$125.2M
  3. HDBHDFC Bank Ltd
    11.2%$100.9MHistory
  4. WBDWarner Bros. Discovery, Inc.
    3.3%$29.9MHistory
  5. FOXFox Corp
    3.3%$29.8MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. SPYSPDR S&P 500 ETF Trust
    +$307.7MAddedHistory
  2. HDBHDFC Bank Ltd
    +$51.8MAddedHistory
  3. Super Micro Computer, Inc.86800UAB0
    +$16.2MNew
  4. Akamai Technologies Inc00971TAQ4
    +$14.6MNew
  5. BCSBarclays PLC
    +$13.3MNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. SPYSPDR S&P 500 ETF Trust
    +34.18 pp0.4% → 34.5%History
  2. HDBHDFC Bank Ltd
    +3.93 pp7.3% → 11.2%History
  3. Super Micro Computer, Inc.86800UAB0
    +1.80 pp0.0% → 1.8%
  4. Akamai Technologies Inc00971TAQ4
    +1.63 pp0.0% → 1.6%
  5. BCSBarclays PLC
    +1.48 pp0.0% → 1.5%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. GOOGAlphabet Inc.
    −$58.4MReducedHistory
  2. ASXASE Technology Holding Co., Ltd.
    −$27.9MReducedHistory
  3. Invesco QQQ Trust Series I46090E103
    −$19.1MSold out
  4. HOLXHologic Inc
    −$17.0MSold outHistory
  5. WBSWebster Financial Corp
    −$13.9MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. GOOGAlphabet Inc.
    −10.35 pp10.6% → 0.2%History
  2. Invesco QQQ Trust Series I46090E103
    −2.95 pp2.9% → 0.0%
  3. HOLXHologic Inc
    −2.62 pp2.6% → 0.0%History
  4. WBSWebster Financial Corp
    −2.20 pp3.1% → 0.9%History
  5. CWANClearwater Analytics Holdings, Inc.
    −2.12 pp2.1% → 0.0%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$898.7M
+$250.8M (+38.7%) vs. prior quarter
Positions
95
−69 vs. prior quarter
Top 10 concentration
76.7%
Top 10 as share of value
Turnover
31.0%
Q2 2026, one quarter
Average holding period
3.3 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $898.7M (Q2 2026)

Q1 2021: $125.0MQ2 2021: $140.9MQ3 2021: $265.3MQ4 2021: $223.3MQ1 2022: $464.6MQ2 2022: $374.4MQ3 2022: $258.5MQ4 2022: $313.2MQ1 2023: $94.4MQ2 2023: $130.6MQ3 2023: $135.7MQ4 2023: $132.9MQ1 2024: $382.5MQ2 2024: $326.2MQ3 2024: $212.4MQ4 2024: $544.4MQ1 2025: $132.0MQ2 2025: $253.6MQ3 2025: $209.2MQ4 2025: $579.8MQ1 2026: $647.9MQ2 2026: $898.7M
Q1 2021Q2 2026
13F filings of Nine Masts Capital Ltd by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 7, 202695$898.7MSPYAlibaba Group Hldg LtdHDBvs. Q1 2026SEC
Q1 2026May 13, 2026164$647.9MAlibaba Group Hldg LtdGOOGHDBvs. Q4 2025SEC
Q4 2025Feb 10, 2026116$579.8MAlibaba Group Hldg LtdIBITSPYvs. Q3 2025SEC
Q3 2025Nov 13, 202538$209.2MGOOGFOXHDBvs. Q2 2025SEC
Q2 2025Aug 13, 202557$253.6MIBITGOOGRYAAYvs. Q1 2025SEC
Q1 2025May 13, 202513$132.0MGOOGLHDBASXvs. Q4 2024SEC
Q4 2024Feb 6, 202589$544.4MiShares Core S&P 500 ETFIBITSPYvs. Q3 2024SEC
Q3 2024Nov 12, 202465$212.4MIBITHDBBRK.Avs. Q2 2024SEC
Q2 2024Aug 8, 2024121$326.2MALB.PAHDBGOOGLvs. Q1 2024SEC
Q1 2024May 8, 202474$382.5MALB.PALive Nation Entertainment INCloudflare, Inc.vs. Q4 2023SEC
Q4 2023Feb 8, 202427$132.9MInsulet CorpCoinbase Global, Inc.HDBvs. Q3 2023SEC
Q3 2023Nov 3, 202332$135.7MHDBCoinbase Global, Inc.Uber Technologies, Incvs. Q2 2023SEC
Q2 2023Aug 10, 202331$130.6MSplunk IncCoinbase Global, Inc.Uber Technologies, Incvs. Q1 2023SEC
Q1 2023May 12, 202328$94.4MFOXCoinbase Global, Inc.Uber Technologies, Incvs. Q4 2022SEC
Q4 2022Feb 7, 202347$313.2MTSMFOXSquare Incvs. Q3 2022SEC
Q3 2022Oct 25, 202243$258.5MGOOGLTSMFOXvs. Q2 2022SEC
Q2 2022Aug 5, 202246$374.4MTSMGOOGLBABAvs. Q1 2022SEC
Q1 2022May 6, 202243$464.6MTSMFOXHDBvs. Q4 2021SEC
Q4 2021Feb 10, 202242$223.3MSea LtdFOXBABAvs. Q3 2021SEC
Q3 2021Nov 12, 202142$265.3MSea LtdFOXPinduoduo Incvs. Q2 2021SEC
Q2 2021Aug 12, 202130$140.9MFOXPinduoduo IncArtisan Acquisition Corpvs. Q1 2021SEC
Q1 2021May 14, 202120$125.0MBIDUFOXBILI–SEC

13D and 13G filings

Companies where Nine Masts Capital Ltd reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

1 company, largest stake first.

Companies where Nine Masts Capital Ltd owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
ISRLFIsrael Acquisitions Corp13G/A31.60%400.0K shares+25.30 ppfrom 6.30%May 16, 20252 filingsMay 29, 2026SEC

Latest filings

7 filings on file made by Nine Masts Capital Ltd or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Nine Masts Capital Ltd
CompanyFiled (ET)FormStakeChangeEvent dateFiling
ISRLFIsrael Acquisitions CorpMay 29, 20262:49 PM ET13G/A31.60%400.0K shares+25.30 ppfrom 6.30%May 15, 2026SEC
ISRLFIsrael Acquisitions CorpMay 16, 20256:21 AM ET13G6.30%400.0K sharesNewMay 12, 2025SEC
Black Spade Acquisition CoClass A Ordinary Shares, Par Value $0.0001 Per ShareJan 30, 20249:22 PM ET13G/A0.00%0 shares–Below 5%Dec 31, 2023SEC
Black Spade Acquisition CoJul 24, 202313GOld format–New–SEC
NOTEFiscalNote Holdings, Inc.Jul 26, 202213G/AOld format–––SEC
NOTEFiscalNote Holdings, Inc.Feb 10, 202213G/AOld format–––SEC
NOTEFiscalNote Holdings, Inc.Feb 9, 202113G/AOld format–––SEC