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Nine Masts Capital LTD

CIK:0001569356
Hedge Fund
$3B AUM
94 holdings
Central, Hong Kong
Founded:2010
35 employees
Latest filing:Jun 30, 2025

Nine Masts Capital Ltd is a hedge fund based in Central, Hong Kong, specializing in investment management across Asia-Pacific. Founded in 2010, the firm operates with a team headquartered at Level 20, One IFC, 1 Harbour View Street, Hong Kong. The firm primarily serves institutional investors and employs strategies typical of multi-strategy hedge funds. Employee count is estimated between 20 and 50.

Investment Strategy

Nine Masts Capital employs a multi-strategy approach with a focus on Asia-Pacific markets, including equity, convertible bond arbitrage, volatility trading, and credit. The firm leverages quantitative techniques and fundamental analysis to identify relative value and arbitrage opportunities, aiming to deliver consistent risk-adjusted returns while managing downside risk and market volatility.

Top Buys
I
IBITISHARES BITCOIN TRUST ETF
+$73.0M
G
GOOGALPHABET INC
+$30.3M
R
RYAAYRYANAIR HOLDINGS PLC
+$15.6M
L
LBRDKLIBERTY BROADBAND CORP
+$10.0M
H
HESHESS CORP
+$9.7M
Top Sells
G
GOOGLALPHABET INC
-$46.3M
B
BRK-ABERKSHIRE HATHAWAY INC DEL
-$9.9M
H
HDBHDFC BANK LTD
-$8.7M
A
ASXASE TECHNOLOGY HLDG CO LTD
-$7.9M
B
BGNEBEIGENE LTD
-$4.6M

Top Holdings

I
IBITISHARES BITCOIN TRUST ETF
+26.7%$73.0M
G
GOOGALPHABET INC
+11.1%$30.3M
R
RYAAYRYANAIR HOLDINGS PLC
+5.7%$15.6M
F
FOXFOX CORP
+4.2%$11.4M
L
LBRDKLIBERTY BROADBAND CORP
+3.6%$10.0M

Equity Positions (54)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
I
IBIT
ISHARES BITCOIN TRUST ETF26.66%$73.0M1,193,390$61.21$61.21+$73.0M
G
GOOG
ALPHABET INC11.07%$30.3M170,936$177.39$177.39+$30.3M
R
RYAAY
RYANAIR HOLDINGS PLC5.68%$15.6M269,832$57.67$57.67+$15.6M
F
FOX
FOX CORP4.17%$11.4M221,086$49.20$51.63+$3.0M
L
LBRDK
LIBERTY BROADBAND CORP3.63%$10.0M101,209$92.10$92.10+$10.0M

Options Positions (10)

TickerSecurityActionTypeNotional ValueContractsUnderlying PricePremium PaidChange (Contracts)Change (Value)
S
SPY
SPDR S&P 500 ETF TR
Call
$8.6M1,900$617.85$586.080+$5.4M
R
RBLX
ROBLOX CORP
Call
$1.9M400$105.20$57.860+$1.5M
N
NFLX
NETFLIX INC
Call
$951.8K20$1339.13$891.320+$635.1K
T
TTD
THE TRADE DESK INC
Put
$888.2K205$71.99$117.530-$343.9K
A
AMD
ADVANCED MICRO DEVICES INCBought
Put
$814.6K547$141.90$138.29+397-$44.5K

Industry Allocation

COMMODITY CONTRACTS BROKERS & DEALERS
+26.7%
SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
+25.6%
AIR TRANSPORTATION, SCHEDULED
+5.7%
TELEVISION BROADCASTING STATIONS
+4.2%
CABLE & OTHER PAY TELEVISION SERVICES
+3.8%