NINE MASTS CAPITAL Ltd
SEC Form 13F institutional filer · CIK 0001569356
13F-HR · 18 reported holdings · 2026-03-31
Reported long-US-equity value
$0.21B
Top-10 concentration
99.1%
NINE MASTS CAPITAL Ltd — $206M AUM allocation strategy
NINE MASTS CAPITAL Ltd files SEC Form 13F and reports $206M of long US equity value across 18 reported holdings for 2026-03-31.
Its largest sector bet is Communication Services 64.3%, followed by Industrials 11.9% and Utilities 6.7%.
The top 10 holdings account for 99% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
NINE MASTS CAPITAL Ltd — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$206M
total across 18 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
99% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$AES +941K sh · +$13.2M+$WBD +813K sh · +$22M+$KVUE +421K sh · +$7.26M
Biggest trims (shares)
−$SPY −101K sh · −$68.6M−$NSC −75.5K sh · −$22M−$AMCR −53K sh · −$65.1K
Exited to nil (held last quarter, gone now)
$VRSN ($6.77M last qtr)$CCL ($1.68M last qtr)$NOW ($1.17M last qtr)$XOM ($1.02M last qtr)$LYB ($828K last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Interactive Media & Services33.3%—
- Broadcasting30.6%—
- Rail Transportation11.9%—
- Independent Power Producers & Energy Traders6.7%—
- Personal Care Products5.2%—
- Financial Exchanges & Data0.5%—
- Movies & Entertainment0.4%—
- Semiconductors0.3%—
- Other holdings11.1%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
8 of 8 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $GOOGL | Alphabet Inc | 239K | $68.5M | — | 33.3% |
| $FOXA | Fox Corporation | 635K | $33.7M | -17.7K | 16.4% |
| $WBD | Warner Bros. Discovery Inc. Series A | 1.06M | $29.2M | +813K | 14.2% |
| $NSC | Norfolk Southern Corporation | 85.3K | $24.5M | -75.5K | 11.9% |
| $AES | The AES Corporation | 980K | $13.8M | +941K | 6.7% |
| $KVUE | Kenvue Inc | 615K | $10.6M | +421K | 5.2% |
| $NDAQ | Nasdaq Inc | 13.1K | $1.12M | — | 0.5% |
| $NFLX | Netflix Inc | 7.95K | $765K | -6.16K | 0.4% |
…and 10 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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