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Livermore
Livermore
ZHEN

Ovata Capital Management Ltd

SEC CIK
0001724517
Latest filing
Jul 30, 2026

The latest 13F from Ovata Capital Management Ltd covers Q2 2026 (filed Jul 30, 2026): 43 long positions worth $1.33B. The top 10 holdings make up 64.7% of the portfolio, and the largest is Seagate HDD Cayman at 26.8%. Livermore has 25 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
27
Est. +$796.6M
Added
8
Est. +$165.5M
Reduced
7
Est. −$44.5M
Sold out
22
Est. −$300.4M

Top 5 holdings

Share of this quarter's portfolio value

  1. Seagate HDD Cayman81180WBL4
    26.8%$357.3M
  2. Wec Energy Group, Inc.92939UAP1
    6.4%$84.7M
  3. PPL Cap FDG Inc69352PAS2
    5.8%$76.6M
  4. Cloudflare, Inc.18915MAC1
    5.3%$70.9M
  5. HDBHDFC Bank Ltd
    3.8%$50.6MHistory

Share of portfolio

Top 5 holdings and the other 38 positions, by share of portfolio value

  1. Seagate HDD Cayman26.8%
  2. Wec Energy Group, Inc.6.4%
  3. PPL Cap FDG Inc5.8%
  4. Cloudflare, Inc.5.3%
  5. HDB3.8%
  6. Other 38 positions52.0%

Biggest buys

New and added positions, by estimated amount bought

  1. Seagate HDD Cayman81180WBL4
    +$357.3MNew
  2. Cloudflare, Inc.18915MAC1
    +$70.9MNew
  3. Wec Energy Group, Inc.92939UAP1
    +$51.6MAdded
  4. Wayfair Inc.94419LAP6
    +$46.9MNew
  5. Akamai Technologies Inc00971TAL5
    +$42.1MNew

Largest weight increases

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

  1. Seagate HDD Cayman81180WBL4
    +26.81 pp0.0% → 26.8%
  2. Cloudflare, Inc.18915MAC1
    +5.32 pp0.0% → 5.3%
  3. Wayfair Inc.94419LAP6
    +3.52 pp0.0% → 3.5%
  4. Akamai Technologies Inc00971TAL5
    +3.16 pp0.0% → 3.2%
  5. EchoStar CORP278768AB2
    +2.94 pp0.0% → 2.9%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Jazz Investments I Ltd472145AF8
    −$83.0MSold out
  2. TSMTaiwan Semiconductor Manufacturing Co Ltd
    −$70.1MSold outHistory
  3. RYAAYRyanair Holdings PLC
    −$38.1MReducedHistory
  4. Coinbase Global, Inc.19260QAB3
    −$32.7MSold out
  5. Centerpoint Energy Inc15189TBD8
    −$16.6MSold out

Largest weight decreases

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

  1. Jazz Investments I Ltd472145AF8
    −11.60 pp11.6% → 0.0%
  2. TSMTaiwan Semiconductor Manufacturing Co Ltd
    −9.80 pp9.8% → 0.0%History
  3. RYAAYRyanair Holdings PLC
    −7.02 pp10.6% → 3.5%History
  4. Coinbase Global, Inc.19260QAB3
    −4.57 pp4.6% → 0.0%
  5. IBITiShares Bitcoin Trust ETF
    −3.38 pp6.1% → 2.8%History

Metrics

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

Portfolio value
$1.33B
+$617.0M (+86.2%) vs. prior quarter
Positions
43
+5 vs. prior quarter
Top 10 concentration
64.7%
Top 10 as share of value
Turnover
33.7%
Q2 2026, one quarter
Average holding period
2.1 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 $1.33B (Q2 2026)

Q1 2021: $160.5MQ2 2021: $208.0MQ3 2021: $260.3MQ4 2021: $294.3MQ1 2022: $324.8MQ2 2022: $342.2MQ3 2022: $269.4MQ4 2022: $305.8MQ1 2023: $234.3MQ2 2023: $75.9MQ3 2023: $79.7MQ4 2023: $53.7MQ1 2024: $192.2MQ2 2024: $184.1MQ3 2024: $236.2MQ4 2024: $261.9MQ1 2025: $263.4MQ2 2025: $462.1MQ3 2025: $499.8MQ4 2025: $820.9MQ1 2026: $715.4MQ2 2026: $1.33B
Q1 2021Q2 2026
13F filings of Ovata Capital Management Ltd by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 30, 202643$1.33BSeagate HDD CaymanWec Energy Group, Inc.PPL Cap FDG Incvs. Q1 2026SEC
Q1 2026May 13, 202638$715.4MJazz Investments I LtdRYAAYTSMvs. Q4 2025SEC
Q4 2025Mar 3, 2026Amended53$820.9MSpotify USA IncRYAAYTSMvs. Q3 2025SEC
Q3 2025Nov 21, 202541$499.8MIBITTSMAlibaba Group Hldg Ltdvs. Q2 2025SEC
Q2 2025Aug 6, 202545$462.1MIBITAlibaba Group Hldg LtdTSMvs. Q1 2025SEC
Q1 2025May 12, 202539$263.4MHDBIBITTSMvs. Q4 2024SEC
Q4 2024Feb 13, 202533$261.9MHDBFBTCSimplify Exchange Traded Funvs. Q3 2024SEC
Q3 2024Nov 13, 202433$236.2MFBTCHDBIBITvs. Q2 2024SEC
Q2 2024Aug 5, 202438$184.1MHuazhu Group LtdFBTCGBTCvs. Q1 2024SEC
Q1 2024May 3, 202435$192.2MFBTCGBTCBITBvs. Q4 2023SEC
Q4 2023Feb 9, 202412$53.7MHuazhu Group LtdHDBBHPvs. Q3 2023SEC
Q3 2023Nov 9, 202313$79.7MSimplify Exchange Traded FunHuazhu Group LtdTSMvs. Q2 2023SEC
Q2 2023Aug 4, 202321$75.9MSimplify Exchange Traded FunHuazhu Group LtdBABAvs. Q1 2023SEC
Q1 2023May 10, 202330$234.3MTSMHuazhu Group LtdPinduoduo Incvs. Q4 2022SEC
Q4 2022Feb 7, 202334$305.8MTSMSimplify US Eq Plus GBTC ETFHuazhu Group Ltdvs. Q3 2022SEC
Q3 2022Nov 14, 202232$269.4MTSMSimplify US Eq Plus GBTC ETFSimplify Exchange Traded Funvs. Q2 2022SEC
Q2 2022Aug 5, 202248$342.2MTSMSimplify US Eq Plus GBTC ETFHuazhu Group Ltdvs. Q1 2022SEC
Q1 2022May 11, 2022188$324.8MSimplify US Eq Plus GBTC ETFTSMHDBvs. Q4 2021SEC
Q4 2021Feb 17, 2022Amended47$294.3MSimplify Exchange Traded FunBHP Group LtdPalo Alto Networks Incvs. Q3 2021SEC
Q3 2021Nov 15, 202154$260.3MSimplify US Equity PLUS GBTC ETFBABAChinalodginggrouvs. Q2 2021SEC
Q2 2021Aug 16, 202143$208.0MSimplify US Equity PLUS GBTC ETFBABAiQIYI, Inc.vs. Q1 2021SEC
Q1 2021May 17, 202143$160.5MNIO Inc.TMEBABA–SEC